Federated Hermes PA Municipal Income IS (PAMIX)
| Fund Assets | 94.58M |
| Expense Ratio | 0.53% |
| Min. Investment | $1,000,000 |
| Turnover | 26.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.46% |
| Dividend Growth | 8.39% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 18, 2025 |
| Previous Close | 9.90 |
| YTD Return | 1.07% |
| 1-Year Return | 0.56% |
| 5-Year Return | 3.33% |
| 52-Week Low | 9.51 |
| 52-Week High | 10.20 |
| Beta (5Y) | n/a |
| Holdings | 97 |
| Inception Date | Apr 28, 2020 |
About PAMIX
Federated Hermes Pennsylvania Municipal Income Fund Institutional Shares is a tax-exempt municipal bond mutual fund focused on generating current income free from federal regular income tax and from Pennsylvania state and local personal income taxes for residents of the state. The strategy invests primarily in **Pennsylvania tax-exempt securities**, emphasizing investment-grade credits and maintaining a long-term profile, with portfolio metrics such as multi-year average maturities and durations consistent with intermediate-to-long interest-rate exposure. The fund distributes **monthly dividends**, aligning with its income objective. It is categorized within the **Muni Pennsylvania** segment and benchmarks against the S&P Municipal Bond Pennsylvania Index, reflecting its state-specific mandate. Portfolio holdings span sectors like state general obligations, healthcare systems, airports, utilities, and specialized revenue bonds, including Pennsylvania tobacco settlement and local authority issues, illustrating diversified municipal revenue streams within the state. As an institutional share class, it features a lower expense profile relative to peers and a higher minimum initial investment, positioning it for professional and large-scale allocators seeking tax-efficient income from Pennsylvania municipal markets.
Performance
PAMIX had a total return of 0.56% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.41%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PAMFX | Class A Shares | 0.76% |
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 | $0.0308 | Aug 19, 2025 |
| Jul 17, 2025 | $0.0308 | Jul 18, 2025 |
| Jun 17, 2025 | $0.0297 | Jun 18, 2025 |
| May 19, 2025 | $0.0291 | May 20, 2025 |
| Apr 17, 2025 | $0.0289 | Apr 21, 2025 |
| Mar 17, 2025 | $0.0291 | Mar 18, 2025 |