Morningstar

Federated Hermes Pennsylvania Municipal Income Fund Institutional Shares PAMIX

Morningstar Medalist Rating
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Medalist Rating as of See Federated Hermes Investment Hub
  • NAV / 1-Day Return $9.52  /  +0.74 %
  • Fund Size $89.9M
  • Adjusted Expense Ratio 0.530%
  • Net Expense Ratio 0.530%
  • Fee Level: Distribution Below Average
  • Share Class Type Institutional
  • Morningstar Category Muni Pennsylvania
  • Fixed-Income Style Box (Funds) Medium/Extensive
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 3.80%
  • Average Effective Duration 8.30 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis PAMIX

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

  • People Pillar

    The People Pillar is our evaluation of the PAMIX 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 PAMIX’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 IS holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

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Portfolio Holdings PAMIX

More PAMIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 5.25%

2.24 2M
municipal

ALLEGHENY CNTY PA HOSP DEV AUTH REV 5%

2.12 2M
municipal

PHILADELPHIA PA WTR & WASTEWTR REV 5.5%

1.70 2M
municipal

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

1.66 2M
municipal

BUCKS CNTY PA INDL DEV AUTH REV 5%

1.54 1M
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 5%

1.46 1M
municipal

STATE COLLEGE PA AREA SCH DIST 5%

1.45 1M
municipal

PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV 4%

1.44 1M
municipal

DELAWARE CNTY PA 5%

1.39 1M
municipal

PHILADELPHIA PA GAS WKS REV 5.25%

1.39 1M
municipal

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