OMIFX

About OMIFX

Federated Hermes Ohio Municipal Income Fund Class F Shares is a tax-exempt municipal bond mutual fund focused on generating current income that is exempt from federal, Ohio state, and municipal personal income taxes. The fund primarily invests the majority of its assets in long-term, investment-grade municipal securities issued within Ohio, targeting bonds that fulfill the dual criteria of credit quality and state-specific tax exemption. Managed by a team with a multi-decade track record, the fund is structured to appeal to investors seeking income with a high degree of tax efficiency, particularly those residing in Ohio or subject to its taxes. With a diversified portfolio exceeding 100 holdings and a weighted average effective maturity around 10 years, the fund reflects a blend of local infrastructure and public projects. Its performance is measured against the S&P Municipal Bond Ohio Index, underscoring its role in supporting state and local governments while offering investors a targeted tool for municipal income generation and tax mitigation within their fixed income allocations.