PAMIX – Federated Hermes PA Municipal Income IS Investment Strategy | Morningstar

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Strategy

The investment seeks to provide current income exempt from federal regular income tax (federal regular income tax does not include the federal alternative minimum tax (AMT)) and the personal income taxes imposed by the state of Pennsylvania and Pennsylvania municipalities. The fund pursues its objective by investing in a portfolio of tax-exempt securities so that, normally, distributions of annual interest income are exempt from federal regular income tax and the Commonwealth of Pennsylvania personal income tax.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PAMIX	Federated Hermes Pennsylvania Municipal Income Fund Institutional Shares	Institutional	Open			Apr 28, 2020	$22.14M	0.530%	Below Average	$1M	−$681,614.45
PAMFX	Federated Hermes Pennsylvania Municipal Income Fund Class A Shares	Front Load	Open			Oct 11, 1990	$65.82M	0.760%	Below Average	$1,500	−$5.42M

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