OMIAX

About OMIAX

Federated Hermes Ohio Municipal Income Fund Class A Shares is a municipal bond mutual fund designed to generate current income that is exempt from both federal and Ohio state income taxes. The fund primarily invests in long-term, investment-grade securities issued by Ohio municipalities, with an emphasis on sectors such as dedicated tax, senior care, water and sewer, hospital, and general obligation bonds. With a portfolio typically holding over 100 securities, the fund offers diversified exposure to tax-exempt municipal debt within Ohio. Monthly dividend payments and a medium to extensive interest rate sensitivity profile characterize the fund, appealing to individuals and entities seeking tax-advantaged income. The fund has a history exceeding three decades and is benchmarked against the S&P Municipal Bond Ohio Index, reflecting its established role within the state-specific municipal bond market. Managed by an experienced investment team, it is distinguished by a disciplined approach to credit quality, focusing on high and good quality bonds rated primarily A or better, while occasionally including lower-rated securities within investment guidelines.