Federated Hermes PA Municipal Income IS (PAMIX)
| Fund Assets | 96.69M |
| Expense Ratio | 0.53% |
| Min. Investment | $1,000,000 |
| Turnover | 26.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.50% |
| Dividend Growth | 9.79% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 17, 2025 |
| Previous Close | 10.00 |
| YTD Return | 1.99% |
| 1-Year Return | 2.45% |
| 5-Year Return | 4.41% |
| 52-Week Low | 9.51 |
| 52-Week High | 10.17 |
| Beta (5Y) | n/a |
| Holdings | 96 |
| 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 2.45% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.54%.
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
19.68% of assets| Name | Symbol | Weight |
|---|---|---|
| CMWLTH FING AUTH PA TOBACCO MA - COMMONWEALTH FINANCING AUTHORITY | CMNGEN | 3.03% |
| SAINT MARY HOSP AUTH PA HLTH S - St Mary Hospital Authority | PA.STMMED 5 11.15.2027 | 2.23% |
| PENNSYLVANIA ST - COMMONWEALTH OF PENNSYLVANIA | PAS | 2.17% |
| PENNSYLVANIA ST HGR EDUCTNL FA - Pennsylvania Higher Educational Facilities Authority | PA.PASHGR 5.25 11.01.2048 | 2.15% |
| PENNSYLVANIA ST ECON DEV FING - PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY | PASDEV | 2.08% |
| ALLEGHENY CNTY PA HOSP DEV AUT - Allegheny County Hospital Development Authority | PA.ALLMED 5 04.01.2047 | 2.03% |
| PHILADELPHIA PA WTR & WSTWTR R - City of Philadelphia PA Water & Wastewater Revenue | PA.PHIUTL 5.5 09.01.2053 | 1.65% |
| BUCKS CNTY PA INDL DEV AUTH - BUCKS CNTY PA IND 5 10/37 | BUCDEV | 1.54% |
| STATE COLLEGE PA AREA SCH DIST - State College Area School District/PA | PA.STASCD 5 05.15.2044 | 1.44% |
| DELAWARE CNTY PA - County of Delaware PA | PA.DEL 5 08.01.2046 | 1.35% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 17, 2025 | $0.0294 | Oct 20, 2025 |
| Sep 17, 2025 | $0.0322 | Sep 18, 2025 |
| 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 |