About OMIAX
Federated Hermes Ohio Municipal Income Fund Class A Shares is a municipal bond mutual fund designed to generate current income that is exempt from both federal and Ohio state income taxes. The fund primarily invests in long-term, investment-grade securities issued by Ohio municipalities, with an emphasis on sectors such as dedicated tax, senior care, water and sewer, hospital, and general obligation bonds. With a portfolio typically holding over 100 securities, the fund offers diversified exposure to tax-exempt municipal debt within Ohio. Monthly dividend payments and a medium to extensive interest rate sensitivity profile characterize the fund, appealing to individuals and entities seeking tax-advantaged income. The fund has a history exceeding three decades and is benchmarked against the S&P Municipal Bond Ohio Index, reflecting its established role within the state-specific municipal bond market. Managed by an experienced investment team, it is distinguished by a disciplined approach to credit quality, focusing on high and good quality bonds rated primarily A or better, while occasionally including lower-rated securities within investment guidelines.
Fund Family Federated
Category Muni Ohio
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol OMIAX
Share Class Class A Shares
Index S&P Municipal Bond Ohio TR
OMIAX had a total return of -0.63% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.90%.
