About PAMIX
Federated Hermes Pennsylvania Municipal Income Fund Institutional Shares is a mutual fund designed to provide current income that is exempt from federal regular income tax as well as Pennsylvania state and municipal personal income taxes. It invests primarily in a diversified portfolio of Pennsylvania tax-exempt municipal securities, including at least a majority in long-term and investment-grade tax-exempt bonds issued by the state, its political subdivisions, and local authorities. The fund's holdings span sectors such as general obligation-local, hospital, water and sewer, toll roads, senior care, higher education, airports, and other transportation, with a focus on medium to extensive credit quality and interest rate sensitivity. Key features include monthly dividend payments, a weighted average effective maturity of around 9.5 years, and an effective duration of approximately 8.8 years. Approximately 10% of its assets may be subject to the federal alternative minimum tax. Managed by an experienced team, this institutional share class targets investors seeking tax-efficient income from Pennsylvania-focused municipal bonds in the fixed-income market.
Fund Family Federated
Category Muni Pennsylvania
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol PAMIX
Share Class Institutional Shares
Index S&P Municipal Bond Pennsylvania TR
PAMIX had a total return of 5.38% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.66%.
