Morningstar

Federated Hermes Pennsylvania Municipal Income Fund Class A Shares PAMFX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 10.01  /  +0.10 %
  • Total Assets 94.5M
  • Adj. Expense Ratio
    0.760%
  • Expense Ratio 0.760%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni Pennsylvania
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 3.38%
  • Effective Duration 8.40 years

USD | NAV as of Jun 10, 2026 | 1-Day Return as of Jun 10, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PAMFX

Will PAMFX outperform in the 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 PAMFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PAMFX 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 PAMFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Federated Hermes PA Municipal Income A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings PAMFX

More PAMFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 5.25%

2.24 2M
municipal

ST MARY HOSP AUTH PA HEALTH SYS REV 5%

2.22 2M
municipal

ALLEGHENY CNTY PA HOSP DEV AUTH REV 5%

2.15 2M
municipal

PHILADELPHIA PA WTR & WASTEWTR REV 5.5%

1.70 2M
municipal

PITTSBURGH PA WTR & SWR AUTH WTR & SWR SYS REV 5%

1.65 2M
municipal

DELAWARE CNTY PA INDL DEV AUTH ARPT FACS REV 2.9%

1.63 2M
municipal

BUCKS CNTY PA INDL DEV AUTH REV 5%

1.57 1M
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 5%

1.47 1M
municipal

STATE COLLEGE PA AREA SCH DIST 5%

1.46 1M
municipal

PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV 4%

1.39 1M
municipal

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