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Morningstar

Federated Hermes OH Municipal Income F OMIFX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 10.04  /  0.00
  • Total Assets 93.7 Mil
  • Adj. Expense Ratio
    0.920%
  • Expense Ratio 0.920%
  • Distribution Fee Level —
  • Share Class Type —
  • Category Muni Ohio
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 2.41%
  • Effective Duration 7.70 years

USD | NAV as of Sep 20, 2023 | 1-Day Return as of Sep 20, 2023, 10:21 PM GMT+0

Morningstar’s Analysis OMIFX

Will OMIFX 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 OMIFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the OMIFX 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 OMIFX’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 F to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings OMIFX

More OMIFX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 84
  • Other Holdings 0
  • % Assets in Top 10 Holdings 24.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

FRANKLIN CNTY OHIO SALES TAX REV 5%

3.26
3,186,884
municipal

OHIO ST 5%

3.17
3,094,624
municipal

OHIO ST PRIVATE ACTIVITY REV 5%

2.38
2,327,967
municipal

AMERICAN MUN PWR OHIO INC REV 5%

2.32
2,269,240
municipal

HAMILTON CNTY OHIO HOSP FACS REV 5%

2.31
2,259,906
municipal

OHIO ST 5%

2.18
2,128,942
municipal

OHIO ST 5%

2.11
2,062,661
municipal

COLUMBUS OHIO CITY SCH DIST 5%

2.10
2,054,214
municipal

FRANKLIN CNTY OHIO REV 5%

2.10
2,053,628
municipal

FRANKLIN CNTY OHIO CONVENTION FACS AUTH 5%

2.10
2,052,146
municipal