PAMFX

About PAMFX

Federated Hermes Pennsylvania Municipal Income Fund Class A Shares is an open-end municipal bond mutual fund focused on delivering tax-exempt income to Pennsylvania residents. The fund primarily invests in a diversified portfolio of Pennsylvania municipal securities so that, under normal conditions, distributions of interest are exempt from federal and Pennsylvania state income taxes. It targets debt issued by state and local governments, agencies, and authorities, financing essential public projects such as transportation, education, utilities, and healthcare infrastructure. Managed by Federated Hermes, the strategy emphasizes credit research and interest-rate risk management typical of single-state municipal portfolios. The fund’s profile aligns with the Morningstar Muni Pennsylvania category, which generally maintains at least 80% exposure to Pennsylvania municipal debt and can span short to long durations. Key considerations include sensitivity to interest-rate movements and potential exposure to the federal alternative minimum tax on certain holdings. As of recent disclosures, the fund reports a moderate expense structure and a minimum initial investment sized for retail investors, positioning it as a vehicle for tax-advantaged income within a state-specific allocation.