Federated Hermes Ohio Municipal Income Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.8%
1 yr return
2.2%
3 Yr Avg Return
-1.4%
5 Yr Avg Return
0.7%
Net Assets
$85.9 M
Holdings in Top 10
25.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.05%
SALES FEES
Front Load 4.50%
Deferred Load N/A
TRADING FEES
Turnover 5.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
OMIAX - Profile
Distributions
- YTD Total Return -0.8%
- 3 Yr Annualized Total Return -1.4%
- 5 Yr Annualized Total Return 0.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.08%
- Dividend Yield 2.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFederated Hermes Ohio Municipal Income Fund
-
Fund Family NameFederated Hermes Funds
-
Inception DateNov 18, 2008
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRichard Gallo
Fund Description
OMIAX - Performance
Return Ranking - Trailing
Period | OMIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.8% | -4.7% | 11.1% | 48.73% |
1 Yr | 2.2% | -3.8% | 33.8% | 67.86% |
3 Yr | -1.4%* | -11.3% | 2.6% | 53.71% |
5 Yr | 0.7%* | -6.1% | 1102.0% | 57.93% |
10 Yr | 1.8%* | -0.5% | 248.1% | 46.97% |
* Annualized
Return Ranking - Calendar
Period | OMIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.9% | -1.4% | 41.0% | 42.23% |
2022 | -10.8% | -39.7% | 0.3% | 41.89% |
2021 | -0.7% | -5.6% | 6.9% | 59.43% |
2020 | 1.9% | -2.6% | 310.0% | 42.77% |
2019 | 3.3% | 0.0% | 26.0% | 69.50% |
Total Return Ranking - Trailing
Period | OMIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.8% | -4.7% | 11.1% | 48.73% |
1 Yr | 2.2% | -3.8% | 33.8% | 67.86% |
3 Yr | -1.4%* | -11.3% | 2.6% | 53.71% |
5 Yr | 0.7%* | -6.1% | 1102.0% | 57.93% |
10 Yr | 1.8%* | -0.5% | 248.1% | 46.97% |
* Annualized
Total Return Ranking - Calendar
Period | OMIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.2% | -1.3% | 41.0% | 60.90% |
2022 | -8.9% | -39.7% | 1.1% | 44.99% |
2021 | 1.3% | -4.8% | 23761504.0% | 55.64% |
2020 | 3.5% | -1.5% | 17057.9% | 59.40% |
2019 | 6.0% | 0.2% | 3514.6% | 64.48% |
NAV & Total Return History
OMIAX - Holdings
Concentration Analysis
OMIAX | Category Low | Category High | OMIAX % Rank | |
---|---|---|---|---|
Net Assets | 85.9 M | 3.22 M | 71.9 B | 88.08% |
Number of Holdings | 89 | 2 | 13067 | 89.00% |
Net Assets in Top 10 | 23 M | -317 M | 3.4 B | 84.14% |
Weighting of Top 10 | 25.55% | 1.9% | 100.4% | 20.60% |
Top 10 Holdings
- County of Franklin OH Sales Tax Revenue 3.50%
- STATE OF OHIO 3.41%
- AMERICAN MUNICIPAL POWER INC 2.51%
- County of Hamilton OH 2.46%
- State of Ohio 2.37%
- COLUMBUS CITY SCHOOL DISTRICT 2.29%
- State of Ohio 2.28%
- FRANKLIN COUNTY CONVENTION FACILITIES AUTHORITY 2.26%
- BOWLING GREEN STATE UNIVERSITY 2.25%
- HAMILTON COUNTY CONVENTION FACILITIES AUTHORITY 2.23%
Asset Allocation
Weighting | Return Low | Return High | OMIAX % Rank | |
---|---|---|---|---|
Bonds | 98.71% | 0.00% | 150.86% | 48.38% |
Cash | 1.29% | -50.86% | 50.09% | 49.19% |
Stocks | 0.00% | 0.00% | 99.81% | 84.28% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 83.04% |
Other | 0.00% | -3.18% | 33.35% | 80.00% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 82.98% |
Bond Sector Breakdown
Weighting | Return Low | Return High | OMIAX % Rank | |
---|---|---|---|---|
Municipal | 100.00% | 44.39% | 100.00% | 8.38% |
Derivative | 0.00% | -3.18% | 23.38% | 78.96% |
Cash & Equivalents | 0.00% | 0.00% | 48.02% | 93.01% |
Securitized | 0.00% | 0.00% | 5.93% | 83.69% |
Corporate | 0.00% | 0.00% | 9.41% | 84.99% |
Government | 0.00% | 0.00% | 52.02% | 84.54% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | OMIAX % Rank | |
---|---|---|---|---|
US | 98.71% | 0.00% | 142.23% | 45.89% |
Non US | 0.00% | 0.00% | 23.89% | 85.76% |
OMIAX - Expenses
Operational Fees
OMIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.05% | 0.01% | 20.65% | 27.93% |
Management Fee | 0.40% | 0.00% | 1.20% | 43.47% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 14.46% |
Administrative Fee | 0.10% | 0.01% | 0.44% | 44.62% |
Sales Fees
OMIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 4.50% | 0.50% | 4.75% | 9.60% |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
OMIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
OMIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 5.00% | 0.00% | 283.00% | 6.47% |
OMIAX - Distributions
Dividend Yield Analysis
OMIAX | Category Low | Category High | OMIAX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.72% | 0.00% | 14.56% | 60.61% |
Dividend Distribution Analysis
OMIAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
OMIAX | Category Low | Category High | OMIAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.08% | -0.53% | 5.33% | 42.96% |
Capital Gain Distribution Analysis
OMIAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 18, 2024 | $0.023 | OrdinaryDividend |
Mar 19, 2024 | $0.023 | OrdinaryDividend |
Feb 21, 2024 | $0.022 | OrdinaryDividend |
Jan 18, 2024 | $0.023 | OrdinaryDividend |
Dec 19, 2023 | $0.023 | OrdinaryDividend |
Nov 20, 2023 | $0.022 | OrdinaryDividend |
Oct 18, 2023 | $0.022 | OrdinaryDividend |
Sep 19, 2023 | $0.022 | OrdinaryDividend |
Aug 18, 2023 | $0.023 | OrdinaryDividend |
Jul 18, 2023 | $0.023 | OrdinaryDividend |
Jun 21, 2023 | $0.022 | OrdinaryDividend |
May 18, 2023 | $0.022 | OrdinaryDividend |
Apr 18, 2023 | $0.022 | OrdinaryDividend |
Mar 20, 2023 | $0.022 | OrdinaryDividend |
Feb 21, 2023 | $0.022 | OrdinaryDividend |
Jan 18, 2023 | $0.022 | OrdinaryDividend |
Dec 20, 2022 | $0.021 | OrdinaryDividend |
Nov 28, 2022 | $0.020 | OrdinaryDividend |
Oct 25, 2022 | $0.020 | OrdinaryDividend |
Sep 27, 2022 | $0.020 | OrdinaryDividend |
Aug 25, 2022 | $0.021 | OrdinaryDividend |
Jul 26, 2022 | $0.020 | OrdinaryDividend |
Jun 27, 2022 | $0.019 | OrdinaryDividend |
May 25, 2022 | $0.020 | OrdinaryDividend |
Apr 26, 2022 | $0.019 | OrdinaryDividend |
Mar 25, 2022 | $0.019 | OrdinaryDividend |
Feb 25, 2022 | $0.019 | OrdinaryDividend |
Dec 20, 2021 | $0.019 | OrdinaryDividend |
Nov 26, 2021 | $0.019 | OrdinaryDividend |
Oct 26, 2021 | $0.019 | OrdinaryDividend |
Sep 27, 2021 | $0.019 | OrdinaryDividend |
Aug 25, 2021 | $0.019 | OrdinaryDividend |
Jul 27, 2021 | $0.019 | OrdinaryDividend |
Jun 25, 2021 | $0.019 | OrdinaryDividend |
May 25, 2021 | $0.019 | OrdinaryDividend |
Apr 27, 2021 | $0.020 | OrdinaryDividend |
Mar 25, 2021 | $0.020 | OrdinaryDividend |
Feb 25, 2021 | $0.020 | OrdinaryDividend |
Jan 26, 2021 | $0.021 | OrdinaryDividend |
Dec 18, 2020 | $0.020 | OrdinaryDividend |
Nov 25, 2020 | $0.020 | OrdinaryDividend |
Oct 27, 2020 | $0.020 | OrdinaryDividend |
Sep 25, 2020 | $0.021 | OrdinaryDividend |
Aug 25, 2020 | $0.021 | OrdinaryDividend |
Jul 27, 2020 | $0.020 | OrdinaryDividend |
Jun 25, 2020 | $0.020 | OrdinaryDividend |
May 27, 2020 | $0.021 | OrdinaryDividend |
Apr 27, 2020 | $0.021 | OrdinaryDividend |
Mar 25, 2020 | $0.022 | OrdinaryDividend |
Feb 25, 2020 | $0.021 | OrdinaryDividend |
Jan 27, 2020 | $0.022 | OrdinaryDividend |
Nov 26, 2019 | $0.022 | OrdinaryDividend |
Oct 25, 2019 | $0.023 | OrdinaryDividend |
Sep 25, 2019 | $0.023 | OrdinaryDividend |
Aug 27, 2019 | $0.023 | OrdinaryDividend |
Jul 25, 2019 | $0.023 | OrdinaryDividend |
Jun 25, 2019 | $0.024 | OrdinaryDividend |
May 28, 2019 | $0.025 | OrdinaryDividend |
Apr 25, 2019 | $0.025 | OrdinaryDividend |
Mar 26, 2019 | $0.025 | OrdinaryDividend |
Feb 26, 2019 | $0.025 | OrdinaryDividend |
Jan 25, 2019 | $0.025 | OrdinaryDividend |
Dec 18, 2018 | $0.025 | OrdinaryDividend |
Nov 27, 2018 | $0.027 | OrdinaryDividend |
Oct 25, 2018 | $0.025 | OrdinaryDividend |
Sep 25, 2018 | $0.025 | OrdinaryDividend |
Aug 27, 2018 | $0.025 | OrdinaryDividend |
Jul 25, 2018 | $0.025 | OrdinaryDividend |
Jun 26, 2018 | $0.025 | OrdinaryDividend |
May 25, 2018 | $0.026 | OrdinaryDividend |
Apr 25, 2018 | $0.026 | OrdinaryDividend |
Mar 27, 2018 | $0.025 | OrdinaryDividend |
Feb 27, 2018 | $0.025 | OrdinaryDividend |
Jan 25, 2018 | $0.025 | OrdinaryDividend |
Dec 19, 2017 | $0.026 | OrdinaryDividend |
Nov 27, 2017 | $0.026 | OrdinaryDividend |
Oct 25, 2017 | $0.027 | OrdinaryDividend |
Sep 26, 2017 | $0.027 | OrdinaryDividend |
Aug 25, 2017 | $0.027 | OrdinaryDividend |
Jul 25, 2017 | $0.027 | OrdinaryDividend |
Jun 27, 2017 | $0.027 | OrdinaryDividend |
May 25, 2017 | $0.027 | OrdinaryDividend |
Apr 25, 2017 | $0.027 | OrdinaryDividend |
Mar 27, 2017 | $0.027 | OrdinaryDividend |
Feb 27, 2017 | $0.026 | OrdinaryDividend |
Jan 25, 2017 | $0.027 | OrdinaryDividend |
Dec 20, 2016 | $0.027 | OrdinaryDividend |
Nov 28, 2016 | $0.026 | OrdinaryDividend |
Oct 25, 2016 | $0.027 | OrdinaryDividend |
Sep 27, 2016 | $0.026 | OrdinaryDividend |
Aug 25, 2016 | $0.027 | OrdinaryDividend |
Jul 26, 2016 | $0.027 | OrdinaryDividend |
Jun 27, 2016 | $0.027 | OrdinaryDividend |
May 25, 2016 | $0.027 | OrdinaryDividend |
Apr 26, 2016 | $0.028 | OrdinaryDividend |
Mar 28, 2016 | $0.028 | OrdinaryDividend |
Feb 25, 2016 | $0.027 | OrdinaryDividend |
Jan 26, 2016 | $0.028 | OrdinaryDividend |
Dec 18, 2015 | $0.028 | OrdinaryDividend |
Nov 25, 2015 | $0.028 | OrdinaryDividend |
Oct 27, 2015 | $0.029 | OrdinaryDividend |
Sep 25, 2015 | $0.028 | OrdinaryDividend |
Aug 25, 2015 | $0.028 | OrdinaryDividend |
Jul 27, 2015 | $0.029 | OrdinaryDividend |
Jun 25, 2015 | $0.029 | OrdinaryDividend |
May 27, 2015 | $0.029 | OrdinaryDividend |
Apr 27, 2015 | $0.029 | OrdinaryDividend |
Mar 25, 2015 | $0.029 | OrdinaryDividend |
Feb 25, 2015 | $0.030 | OrdinaryDividend |
Jan 27, 2015 | $0.028 | OrdinaryDividend |
Dec 18, 2014 | $0.028 | OrdinaryDividend |
Nov 25, 2014 | $0.029 | OrdinaryDividend |
Oct 27, 2014 | $0.029 | OrdinaryDividend |
Sep 25, 2014 | $0.029 | OrdinaryDividend |
Aug 26, 2014 | $0.029 | OrdinaryDividend |
Jul 25, 2014 | $0.029 | OrdinaryDividend |
Jun 25, 2014 | $0.043 | OrdinaryDividend |
May 15, 2014 | $0.019 | OrdinaryDividend |
Apr 25, 2014 | $0.031 | OrdinaryDividend |
Mar 25, 2014 | $0.031 | OrdinaryDividend |
Feb 25, 2014 | $0.031 | OrdinaryDividend |
Jan 27, 2014 | $0.032 | OrdinaryDividend |
Dec 19, 2013 | $0.031 | OrdinaryDividend |
Nov 26, 2013 | $0.031 | OrdinaryDividend |
Oct 25, 2013 | $0.031 | OrdinaryDividend |
Sep 25, 2013 | $0.031 | OrdinaryDividend |
Aug 27, 2013 | $0.031 | OrdinaryDividend |
Jul 25, 2013 | $0.032 | OrdinaryDividend |
Jun 25, 2013 | $0.031 | OrdinaryDividend |
May 28, 2013 | $0.032 | OrdinaryDividend |
Apr 25, 2013 | $0.031 | OrdinaryDividend |
Mar 26, 2013 | $0.032 | OrdinaryDividend |
Feb 26, 2013 | $0.028 | OrdinaryDividend |
Jan 25, 2013 | $0.028 | OrdinaryDividend |
Dec 20, 2012 | $0.025 | OrdinaryDividend |
Nov 27, 2012 | $0.026 | OrdinaryDividend |
Oct 25, 2012 | $0.028 | OrdinaryDividend |
Sep 25, 2012 | $0.033 | OrdinaryDividend |
Sep 04, 2012 | $0.033 | OrdinaryDividend |
Jul 25, 2012 | $0.034 | OrdinaryDividend |
Jun 26, 2012 | $0.033 | OrdinaryDividend |
May 25, 2012 | $0.033 | OrdinaryDividend |
Apr 25, 2012 | $0.032 | OrdinaryDividend |
Mar 27, 2012 | $0.033 | OrdinaryDividend |
Feb 27, 2012 | $0.033 | OrdinaryDividend |
Jan 25, 2012 | $0.034 | OrdinaryDividend |
Dec 22, 2011 | $0.033 | OrdinaryDividend |
Nov 28, 2011 | $0.034 | OrdinaryDividend |
Oct 25, 2011 | $0.033 | OrdinaryDividend |
Sep 27, 2011 | $0.035 | OrdinaryDividend |
Sep 01, 2011 | $0.034 | OrdinaryDividend |
Jul 26, 2011 | $0.035 | OrdinaryDividend |
Jun 27, 2011 | $0.036 | OrdinaryDividend |
May 25, 2011 | $0.037 | OrdinaryDividend |
Apr 26, 2011 | $0.035 | OrdinaryDividend |
Mar 25, 2011 | $0.034 | OrdinaryDividend |
Feb 25, 2011 | $0.037 | OrdinaryDividend |
Jan 25, 2011 | $0.037 | OrdinaryDividend |
Dec 28, 2010 | $0.035 | OrdinaryDividend |
Nov 26, 2010 | $0.034 | OrdinaryDividend |
Oct 26, 2010 | $0.034 | OrdinaryDividend |
Sep 27, 2010 | $0.034 | OrdinaryDividend |
Sep 01, 2010 | $0.034 | OrdinaryDividend |
Jul 27, 2010 | $0.035 | OrdinaryDividend |
Jun 25, 2010 | $0.035 | OrdinaryDividend |
May 25, 2010 | $0.035 | OrdinaryDividend |
Apr 27, 2010 | $0.035 | OrdinaryDividend |
Mar 25, 2010 | $0.034 | OrdinaryDividend |
Feb 25, 2010 | $0.030 | OrdinaryDividend |
Jan 26, 2010 | $0.035 | OrdinaryDividend |
Dec 28, 2009 | $0.035 | OrdinaryDividend |
Nov 25, 2009 | $0.035 | OrdinaryDividend |
Oct 27, 2009 | $0.035 | OrdinaryDividend |
Sep 25, 2009 | $0.034 | OrdinaryDividend |
Sep 01, 2009 | $0.036 | OrdinaryDividend |
Jul 27, 2009 | $0.036 | OrdinaryDividend |
Jun 25, 2009 | $0.034 | OrdinaryDividend |
May 27, 2009 | $0.036 | OrdinaryDividend |
May 01, 2009 | $0.035 | OrdinaryDividend |
Apr 01, 2009 | $0.035 | OrdinaryDividend |
Mar 02, 2009 | $0.032 | OrdinaryDividend |
Feb 02, 2009 | $0.036 | OrdinaryDividend |
Dec 31, 2008 | $0.036 | OrdinaryDividend |
Nov 20, 2008 | $0.038 | OrdinaryDividend |
OMIAX - Fund Manager Analysis
Managers
Richard Gallo
Start Date
Tenure
Tenure Rank
Oct 31, 2017
4.58
4.6%
R.J. Gallo, Senior Portfolio Manager and Head of the Municipal Bond Investment Group, has been the Fund's Portfolio Manager since April of 2010. Mr. Gallo joined Federated in 2000 as an Investment Analyst. He became a Senior Vice President of the Fund's Adviser in 2011. From 2005 to 2010 Mr. Gallo served as Vice President and from January 2002 through 2004 and as an Assistant Vice President of the Fund's Adviser. He has been a Portfolio Manager since December 2002. From 1996 to 2000, Mr. Gallo was a Financial Analyst and Trader at the Federal Reserve Bank of New York. Mr. Gallo has received the Chartered Financial Analyst designation and a Master's in Public Affairs with a concentration in Economics and Public Policy from Princeton University.
Ann Ferentino
Start Date
Tenure
Tenure Rank
Apr 04, 2022
0.16
0.2%
Ms. Ferentino joined Federated in November 1995 as a financial analyst and has worked in investment management since 2000. Ms. Ferentino has received the Chartered Financial Analyst designation. She received her B.S. from the University of Dayton and M.B.A. from the University of Pittsburgh.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.37 | 1.58 |