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Morningstar

Federated Hermes OH Municipal Income A OMIAX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 10.30  /  0.00
  • Total Assets 80.6 Mil
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.770%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni Ohio
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 2.59%
  • Effective Duration 7.70 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0

Morningstar’s Analysis OMIAX

Will OMIAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable OMIAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the OMIAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of OMIAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Federated Hermes OH Municipal Income A to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
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Portfolio Holdings OMIAX

More OMIAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

FRANKLIN CNTY OHIO SALES TAX REV 5%

3.93 3.2 Mil
municipal

HAMILTON CNTY OHIO HOSP FACS REV 5%

2.92 2.3 Mil
municipal

OHIO ST 5%

2.62 2.1 Mil
municipal

COLUMBUS OHIO CITY SCH DIST 5%

2.54 2.0 Mil
municipal

OHIO ST 5%

2.53 2.0 Mil
municipal

FRANKLIN CNTY OHIO CONVENTION FACS AUTH 5%

2.51 2.0 Mil
municipal

FAIRFIELD CNTY OHIO 4%

2.49 2.0 Mil
municipal

OHIO ST 5%

2.07 1.7 Mil
municipal

OLENTANGY LOC SCH DIST OHIO 5%

1.92 1.5 Mil
municipal

OHIO ST ADULT CORRECTIONAL CAP FACS 5%

1.91 1.5 Mil
municipal