Federated Hermes Ohio Municipal Income Fund Institutional Shares is a municipal bond mutual fund designed to provide investors with current income that is exempt from federal regular income tax as well as Ohio state and municipal personal income taxes. The fund primarily invests in a diversified portfolio of long-term, investment-grade securities issued by Ohio municipalities and related entities. With a history spanning more than 30 years, the fund targets high credit quality, and its holdings feature an average effective maturity of about 10 years and a weighted average duration just under 8 years, which is indicative of moderate interest rate sensitivity. The fund is actively managed by a team of fixed income professionals and tracks the S&P Municipal Bond Ohio Index as its benchmark. It pays dividends monthly and is specifically tailored for investors seeking tax-advantaged income from Ohio municipal obligations. The product plays a key role for institutional investors or high-net-worth individuals aiming to optimize after-tax returns within the Ohio fixed income market.
See your Portfolio Score and get data driven insights in ~60 seconds.
Opens in PortfolioPilot
Based on technical indicators and chart patterns, OMIIX shows...
Market sentiment analysis indicates...