Federated Hermes OH Municipal Income F (OMIFX)
| Fund Assets | 73.46M |
| Expense Ratio | 0.92% |
| Min. Investment | $1,500 |
| Turnover | 35.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.71% |
| Dividend Growth | 9.01% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 18, 2025 |
| Previous Close | 10.28 |
| YTD Return | 1.05% |
| 1-Year Return | -0.10% |
| 5-Year Return | 1.09% |
| 52-Week Low | 9.84 |
| 52-Week High | 10.59 |
| Beta (5Y) | 0.25 |
| Holdings | 103 |
| Inception Date | Oct 12, 1990 |
About OMIFX
Federated Hermes Ohio Municipal Income Fund Class F Shares is a tax-exempt municipal bond mutual fund focused on generating current income that is exempt from federal, Ohio state, and municipal personal income taxes. The fund primarily invests the majority of its assets in long-term, investment-grade municipal securities issued within Ohio, targeting bonds that fulfill the dual criteria of credit quality and state-specific tax exemption. Managed by a team with a multi-decade track record, the fund is structured to appeal to investors seeking income with a high degree of tax efficiency, particularly those residing in Ohio or subject to its taxes. With a diversified portfolio exceeding 100 holdings and a weighted average effective maturity around 10 years, the fund reflects a blend of local infrastructure and public projects. Its performance is measured against the S&P Municipal Bond Ohio Index, underscoring its role in supporting state and local governments while offering investors a targeted tool for municipal income generation and tax mitigation within their fixed income allocations.
Performance
OMIFX had a total return of -0.10% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.02%.
Top 10 Holdings
24.05% of assets| Name | Symbol | Weight |
|---|---|---|
| HAMILTON CNTY OHIO STUDENT HSG REV 2% | OH.HAMHSG 08.01.2036 | 4.10% |
| FRANKLIN CNTY OHIO SALES TAX REV 5% | OH.FRAGEN 5 06.01.2048 | 2.76% |
| COLUMBUS OHIO CITY SCH DIST 5% | OH.COLSCD 5 12.01.2047 | 2.74% |
| WESTERVILLE OHIO 5% | OH.WVL 5 12.01.2037 | 2.25% |
| OHIO ST 5% | OH.OHS 5 03.01.2040 | 2.14% |
| OHIO ST HIGHER EDL FAC COMMN REV 3.85% | OH.OHSEDU 01.01.2039 | 2.12% |
| OLENTANGY LOC SCH DIST OHIO 5% | OH.OLESCD 5 12.01.2030 | 2.06% |
| OHIO ST ADULT CORRECTIONAL CAP FACS 5% | OH.OHSFAC 5 10.01.2035 | 2.06% |
| AMERICAN MUN PWR OHIO INC REV 4% | OH.AMEPWR 4 02.15.2039 | 1.94% |
| CLEVELAND OHIO WTR POLLUTION CTL REV 5% | OH.CLVPOL 5 11.15.2054 | 1.87% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 18, 2025 | $0.0255 | Aug 19, 2025 |
| Jul 17, 2025 | $0.0244 | Jul 18, 2025 |
| Jun 17, 2025 | $0.0239 | Jun 18, 2025 |
| May 19, 2025 | $0.0234 | May 20, 2025 |
| Apr 17, 2025 | $0.0234 | Apr 21, 2025 |
| Mar 17, 2025 | $0.0231 | Mar 18, 2025 |