Federated Hermes OH Municipal Income IS (OMIIX)
| Fund Assets | 73.46M |
| Expense Ratio | 0.52% |
| Min. Investment | $1,000,000 |
| Turnover | 35.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.14% |
| Dividend Growth | 7.67% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 18, 2025 |
| Previous Close | 10.28 |
| YTD Return | 1.38% |
| 1-Year Return | 0.27% |
| 5-Year Return | 3.10% |
| 52-Week Low | 9.84 |
| 52-Week High | 10.59 |
| Beta (5Y) | n/a |
| Holdings | 103 |
| Inception Date | Apr 28, 2020 |
About OMIIX
Federated Hermes Ohio Municipal Income Fund Institutional Shares is a municipal bond mutual fund designed to provide investors with current income that is exempt from federal regular income tax as well as Ohio state and municipal personal income taxes. The fund primarily invests in a diversified portfolio of long-term, investment-grade securities issued by Ohio municipalities and related entities. With a history spanning more than 30 years, the fund targets high credit quality, and its holdings feature an average effective maturity of about 10 years and a weighted average duration just under 8 years, which is indicative of moderate interest rate sensitivity. The fund is actively managed by a team of fixed income professionals and tracks the S&P Municipal Bond Ohio Index as its benchmark. It pays dividends monthly and is specifically tailored for investors seeking tax-advantaged income from Ohio municipal obligations. The product plays a key role for institutional investors or high-net-worth individuals aiming to optimize after-tax returns within the Ohio fixed income market.
Performance
OMIIX had a total return of 0.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.35%.
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 | $0.0289 | Aug 19, 2025 |
| Jul 17, 2025 | $0.0279 | Jul 18, 2025 |
| Jun 17, 2025 | $0.0271 | Jun 18, 2025 |
| May 19, 2025 | $0.0269 | May 20, 2025 |
| Apr 17, 2025 | $0.0267 | Apr 21, 2025 |
| Mar 17, 2025 | $0.0267 | Mar 18, 2025 |