Federated Hermes Ohio Municipal Income Fund
Name
As of 07/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.8%
1 yr return
3.5%
3 Yr Avg Return
-1.1%
5 Yr Avg Return
N/A
Net Assets
$85.9 M
Holdings in Top 10
25.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.80%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 5.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 07/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
OMIIX - Profile
Distributions
- YTD Total Return 0.8%
- 3 Yr Annualized Total Return -1.1%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.32%
- Dividend Yield 3.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFederated Hermes Ohio Municipal Income Fund
-
Fund Family NameFederated Hermes Funds
-
Inception DateMay 06, 2020
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRichard Gallo
Fund Description
OMIIX - Performance
Return Ranking - Trailing
Period | OMIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.8% | -3.2% | 18.1% | 70.39% |
1 Yr | 3.5% | -3.1% | 29.1% | 57.87% |
3 Yr | -1.1%* | -11.5% | 3.2% | 51.14% |
5 Yr | N/A* | -6.6% | 1102.5% | 59.97% |
10 Yr | N/A* | -0.7% | 248.5% | 52.76% |
* Annualized
Return Ranking - Calendar
Period | OMIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.9% | -1.4% | 41.0% | 42.50% |
2022 | -10.8% | -39.7% | 0.3% | 41.37% |
2021 | -0.7% | -5.6% | 6.9% | 59.63% |
2020 | N/A | -2.6% | 310.0% | N/A |
2019 | N/A | 0.0% | 26.0% | N/A |
Total Return Ranking - Trailing
Period | OMIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.8% | -3.2% | 18.1% | 70.39% |
1 Yr | 3.5% | -3.1% | 29.1% | 57.87% |
3 Yr | -1.1%* | -11.5% | 3.2% | 51.14% |
5 Yr | N/A* | -6.6% | 1102.5% | 50.21% |
10 Yr | N/A* | -0.7% | 248.5% | 49.60% |
* Annualized
Total Return Ranking - Calendar
Period | OMIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.4% | -1.3% | 41.0% | 55.93% |
2022 | -8.7% | -39.7% | 1.1% | 42.43% |
2021 | 1.4% | -4.8% | 23761504.0% | 54.01% |
2020 | N/A | -1.5% | 17057.9% | N/A |
2019 | N/A | 0.2% | 3514.6% | N/A |
NAV & Total Return History
OMIIX - Holdings
Concentration Analysis
OMIIX | Category Low | Category High | OMIIX % Rank | |
---|---|---|---|---|
Net Assets | 85.9 M | 3.22 M | 71.9 B | 88.63% |
Number of Holdings | 99 | 2 | 13203 | 86.87% |
Net Assets in Top 10 | 20 M | -317 M | 3.56 B | 84.65% |
Weighting of Top 10 | 25.46% | 1.4% | 100.2% | 17.39% |
Top 10 Holdings
- County of Franklin OH Sales Tax Revenue 3.97%
- County of Hamilton OH 2.86%
- State of Ohio 2.64%
- COLUMBUS CITY SCHOOL DISTRICT 2.57%
- FRANKLIN COUNTY CONVENTION FACILITIES AUTHORITY 2.56%
- State of Ohio 2.52%
- Ohio State University/The 2.42%
- State of Ohio 2.06%
- OLENTANGY LOCAL SCHOOL DISTRICT 1.95%
- STATE OF OHIO 1.92%
Asset Allocation
Weighting | Return Low | Return High | OMIIX % Rank | |
---|---|---|---|---|
Bonds | 100.34% | 0.00% | 150.86% | 44.45% |
Stocks | 0.00% | 0.00% | 100.23% | 77.61% |
Preferred Stocks | 0.00% | 0.00% | 0.56% | 75.44% |
Other | 0.00% | -3.18% | 33.35% | 73.74% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 75.34% |
Cash | 0.00% | -50.86% | 46.80% | 54.02% |
Bond Sector Breakdown
Weighting | Return Low | Return High | OMIIX % Rank | |
---|---|---|---|---|
Municipal | 100.00% | 44.39% | 100.00% | 6.82% |
Derivative | 0.00% | -3.18% | 19.67% | 72.76% |
Cash & Equivalents | 0.00% | 0.00% | 46.24% | 88.24% |
Securitized | 0.00% | 0.00% | 5.93% | 76.00% |
Corporate | 0.00% | 0.00% | 9.41% | 79.02% |
Government | 0.00% | 0.00% | 52.02% | 77.38% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | OMIIX % Rank | |
---|---|---|---|---|
US | 100.34% | 0.00% | 142.23% | 42.39% |
Non US | 0.00% | 0.00% | 23.89% | 77.73% |
OMIIX - Expenses
Operational Fees
OMIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.80% | 0.01% | 20.65% | 43.73% |
Management Fee | 0.40% | 0.00% | 1.20% | 42.89% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.01% | 0.44% | 42.77% |
Sales Fees
OMIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
OMIIX 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.
OMIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 5.00% | 0.00% | 283.00% | 6.54% |
OMIIX - Distributions
Dividend Yield Analysis
OMIIX | Category Low | Category High | OMIIX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.96% | 0.00% | 14.51% | 48.30% |
Dividend Distribution Analysis
OMIIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
OMIIX | Category Low | Category High | OMIIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.32% | -0.53% | 5.33% | 29.54% |
Capital Gain Distribution Analysis
OMIIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 17, 2024 | $0.026 | OrdinaryDividend |
Mar 18, 2024 | $0.025 | OrdinaryDividend |
Feb 20, 2024 | $0.024 | OrdinaryDividend |
Jan 17, 2024 | $0.025 | OrdinaryDividend |
Dec 18, 2023 | $0.025 | OrdinaryDividend |
Nov 17, 2023 | $0.024 | OrdinaryDividend |
Oct 17, 2023 | $0.024 | OrdinaryDividend |
Sep 18, 2023 | $0.024 | OrdinaryDividend |
Aug 17, 2023 | $0.025 | OrdinaryDividend |
Jun 20, 2023 | $0.025 | OrdinaryDividend |
Apr 17, 2023 | $0.024 | OrdinaryDividend |
Mar 17, 2023 | $0.024 | OrdinaryDividend |
Feb 17, 2023 | $0.024 | OrdinaryDividend |
Jan 17, 2023 | $0.025 | OrdinaryDividend |
Dec 19, 2022 | $0.023 | OrdinaryDividend |
Nov 25, 2022 | $0.022 | OrdinaryDividend |
Oct 24, 2022 | $0.022 | OrdinaryDividend |
Sep 26, 2022 | $0.022 | OrdinaryDividend |
Aug 24, 2022 | $0.023 | OrdinaryDividend |
Jul 25, 2022 | $0.022 | OrdinaryDividend |
Jun 24, 2022 | $0.021 | OrdinaryDividend |
May 24, 2022 | $0.022 | OrdinaryDividend |
Apr 25, 2022 | $0.022 | OrdinaryDividend |
Mar 24, 2022 | $0.021 | OrdinaryDividend |
Feb 24, 2022 | $0.021 | OrdinaryDividend |
Dec 17, 2021 | $0.021 | OrdinaryDividend |
Nov 24, 2021 | $0.022 | OrdinaryDividend |
Oct 25, 2021 | $0.022 | OrdinaryDividend |
Aug 24, 2021 | $0.022 | OrdinaryDividend |
Jul 26, 2021 | $0.022 | OrdinaryDividend |
Jun 24, 2021 | $0.021 | OrdinaryDividend |
May 24, 2021 | $0.022 | OrdinaryDividend |
Apr 26, 2021 | $0.022 | OrdinaryDividend |
Mar 24, 2021 | $0.022 | OrdinaryDividend |
Feb 24, 2021 | $0.022 | OrdinaryDividend |
Jan 25, 2021 | $0.023 | OrdinaryDividend |
Dec 17, 2020 | $0.023 | OrdinaryDividend |
Nov 24, 2020 | $0.022 | OrdinaryDividend |
Oct 26, 2020 | $0.021 | OrdinaryDividend |
Sep 24, 2020 | $0.023 | OrdinaryDividend |
Aug 24, 2020 | $0.023 | OrdinaryDividend |
Jul 24, 2020 | $0.023 | OrdinaryDividend |
May 26, 2020 | $0.022 | OrdinaryDividend |
OMIIX - 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 |