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Morningstar

Federated Hermes PA Municipal Income IS PAMIX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 9.91  /  −0.30 %
  • Total Assets 118.3 Mil
  • Adj. Expense Ratio
    0.530%
  • Expense Ratio 0.530%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni Pennsylvania
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 3.03%
  • Effective Duration 7.60 years

USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:14 PM GMT+0

Morningstar’s Analysis PAMIX

Will PAMIX 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 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.

Strength in Federated Hermes PA Municipal Income IS's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.

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Portfolio Holdings PAMIX

More PAMIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

COMMONWEALTH FING AUTH PA TOB MASTER SETTLEMENT PMT REV 4%

2.52 3.0 Mil
municipal

DELAWARE CNTY PA INDL DEV AUTH ARPT FACS REV 4.45%

2.09 2.5 Mil
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 4%

2.04 2.4 Mil
municipal

GEISINGER AUTH PA HEALTH SYS REV 5%

1.89 2.3 Mil
municipal

PENNSYLVANIA ST 5%

1.75 2.1 Mil
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 5%

1.75 2.1 Mil
municipal

ALLEGHENY CNTY PA 5%

1.73 2.1 Mil
municipal

ALLEGHENY CNTY PA HOSP DEV AUTH REV 5%

1.70 2.0 Mil
municipal

PHILADELPHIA PA ARPT REV 5%

1.70 2.0 Mil
municipal

ALLEGHENY CNTY PA SAN AUTH SWR REV 5%

1.69 2.0 Mil
municipal