Federated Hermes PA Municipal Income A (PAMFX)
| Fund Assets | 94.58M |
| Expense Ratio | 0.76% |
| Min. Investment | $1,500 |
| Turnover | 26.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.08% |
| Dividend Growth | 9.07% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 18, 2025 |
| Previous Close | 9.90 |
| YTD Return | 0.94% |
| 1-Year Return | 0.24% |
| 5-Year Return | 2.05% |
| 52-Week Low | 9.52 |
| 52-Week High | 10.21 |
| Beta (5Y) | 0.24 |
| Holdings | 97 |
| Inception Date | Oct 11, 1990 |
About PAMFX
Federated Hermes Pennsylvania Municipal Income Fund Class A Shares is an open-end municipal bond mutual fund focused on delivering tax-exempt income to Pennsylvania residents. The fund primarily invests in a diversified portfolio of Pennsylvania municipal securities so that, under normal conditions, distributions of interest are exempt from federal and Pennsylvania state income taxes. It targets debt issued by state and local governments, agencies, and authorities, financing essential public projects such as transportation, education, utilities, and healthcare infrastructure. Managed by Federated Hermes, the strategy emphasizes credit research and interest-rate risk management typical of single-state municipal portfolios. The fund’s profile aligns with the Morningstar Muni Pennsylvania category, which generally maintains at least 80% exposure to Pennsylvania municipal debt and can span short to long durations. Key considerations include sensitivity to interest-rate movements and potential exposure to the federal alternative minimum tax on certain holdings. As of recent disclosures, the fund reports a moderate expense structure and a minimum initial investment sized for retail investors, positioning it as a vehicle for tax-advantaged income within a state-specific allocation.
Performance
PAMFX had a total return of 0.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.21%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PAMIX | Institutional Shares | 0.53% |
Top 10 Holdings
21.02% of assets| Name | Symbol | Weight |
|---|---|---|
| COMMONWEALTH FING AUTH PA TOB MASTER SETTLEMENT PMT REV 4% | PA.CMNGEN 4 06.01.2039 | 2.85% |
| DELAWARE CNTY PA INDL DEV AUTH ARPT FACS REV 4.05% | PA.DELAPT 09.01.2045 | 2.64% |
| ST MARY HOSP AUTH PA HEALTH SYS REV 5% | PA.STMMED 5 11.15.2027 | 2.13% |
| PENNSYLVANIA ST 5% | PA.PAS 5 09.15.2026 | 2.09% |
| PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 5.25% | PA.PASHGR 5.25 11.01.2048 | 2.08% |
| PENNSYLVANIA ECONOMIC DEV FING AUTH REV 5% | PA.PASDEV 5 06.30.2042 | 1.99% |
| ALLEGHENY CNTY PA HOSP DEV AUTH REV 5% | PA.ALLMED 5 04.01.2047 | 1.98% |
| PUERTO RICO COMWLTH 4% | PR.PRC 4 07.01.2037 | 1.94% |
| DELAWARE CNTY PA AUTH COLLEGE REV 5% | PA.DELHGR 5 10.01.2042 | 1.74% |
| PHILADELPHIA PA WTR & WASTEWTR REV 5.5% | PA.PHIUTL 5.5 09.01.2053 | 1.60% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 18, 2025 | $0.029 | Aug 19, 2025 |
| Jul 17, 2025 | $0.0289 | Jul 18, 2025 |
| Jun 17, 2025 | $0.0279 | Jun 18, 2025 |
| May 19, 2025 | $0.0272 | May 20, 2025 |
| Apr 17, 2025 | $0.0271 | Apr 21, 2025 |
| Mar 17, 2025 | $0.0271 | Mar 18, 2025 |