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Federated Hermes Pennsylvania Municipal Inc Fd (PA...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Federated Hermes Pennsylvania Municipal Inc Fd (PAMFX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

The investment seeks to provide current income exempt from federal regular income tax (federal regular income tax does not include the federal alternative minimum tax (AMT)) and the personal income taxes imposed by the state of Pennsylvania and Pennsylvania municipalities. The fund pursues its objective by investing in a portfolio of tax-exempt securities so that, normally, distributions of annual interest income are exempt from federal regular income tax and the Commonwealth of Pennsylvania personal income tax. It is non-diversified.

Fund Info

ISIN

US3139237081

CUSIP

313923708

Issuer

Federated

Inception Date

Oct 10, 1990

Category

Municipal Bonds

Min. Investment

$1,500

Asset Class

Bond

Expense Ratio

PAMFX has an expense ratio of 0.76%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Federated Hermes Pennsylvania Municipal Inc Fd

Performance

Performance Chart

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S&P 500

Returns By Period

Federated Hermes Pennsylvania Municipal Inc Fd (PAMFX) returned -1.98% year-to-date (YTD) and 0.87% over the past 12 months. Over the past 10 years, PAMFX returned 1.67% annually, underperforming the S&P 500 benchmark at 10.84%.

PAMFX

YTD

-1.98%

1M

-0.03%

6M

-2.90%

1Y

0.87%

3Y*

1.05%

5Y*

0.18%

10Y*

1.67%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

Monthly Returns

The table below presents the monthly returns of PAMFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.16%0.96%-1.72%-1.04%-0.34%-1.98%
2024-0.06%0.14%0.04%-1.05%0.04%1.37%0.65%0.66%1.14%-1.33%1.45%-1.13%1.89%
20232.66%-2.26%1.85%-0.07%-0.58%0.94%0.23%-1.07%-2.81%-1.74%6.14%2.36%5.43%
2022-2.17%-0.46%-2.69%-2.67%0.60%-1.76%2.41%-2.14%-3.50%-0.93%4.21%-0.09%-9.06%
20210.71%-1.43%0.73%0.91%0.45%0.27%0.53%-0.26%-0.71%-0.08%0.72%0.08%1.92%
20201.66%1.37%-2.98%-1.99%2.83%0.75%1.38%-0.34%0.10%-0.27%1.28%0.45%4.17%
20190.62%0.43%1.46%0.33%1.34%0.32%0.68%1.76%-0.68%0.03%0.02%0.07%6.54%
2018-0.85%-0.40%0.34%-0.40%0.91%0.07%0.16%0.06%-0.59%-0.60%0.83%1.04%0.55%
20170.25%0.53%0.26%0.53%1.46%-0.21%0.53%0.61%-0.21%0.16%-0.21%0.89%4.66%
20160.99%-0.02%0.62%0.89%0.52%1.86%-0.20%0.24%-0.65%-0.92%-3.29%1.10%1.05%
20151.72%-1.08%0.34%-0.56%-0.01%-0.38%0.63%0.26%0.53%0.26%0.17%0.81%2.71%
20142.13%1.15%0.21%1.14%1.13%-0.17%0.20%1.11%0.37%0.64%0.17%0.54%8.94%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of PAMFX is 14, meaning it’s performing worse than 86% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of PAMFX is 1414
Overall Rank
The Sharpe Ratio Rank of PAMFX is 1717
Sharpe Ratio Rank
The Sortino Ratio Rank of PAMFX is 1111
Sortino Ratio Rank
The Omega Ratio Rank of PAMFX is 1212
Omega Ratio Rank
The Calmar Ratio Rank of PAMFX is 1414
Calmar Ratio Rank
The Martin Ratio Rank of PAMFX is 1515
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Federated Hermes Pennsylvania Municipal Inc Fd (PAMFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Federated Hermes Pennsylvania Municipal Inc Fd Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 0.18
  • 5-Year: 0.05
  • 10-Year: 0.47
  • All Time: 1.22

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Federated Hermes Pennsylvania Municipal Inc Fd compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Federated Hermes Pennsylvania Municipal Inc Fd provided a 3.23% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 2 consecutive years.

2.40%2.60%2.80%3.00%3.20%3.40%$0.00$0.10$0.20$0.30$0.4020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.31$0.30$0.28$0.25$0.27$0.27$0.37$0.34$0.33$0.33$0.34$0.37

Dividend yield

3.23%3.00%2.74%2.51%2.47%2.44%3.40%3.16%2.99%3.05%3.14%3.39%

Monthly Dividends

The table displays the monthly dividend distributions for Federated Hermes Pennsylvania Municipal Inc Fd. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.03$0.03$0.03$0.03$0.13
2024$0.02$0.02$0.02$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.30
2023$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.28
2022$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.25
2021$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.05$0.27
2020$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.27
2019$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.02$0.02$0.02$0.02$0.10$0.37
2018$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.34
2017$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.33
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.33
2015$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.34
2014$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.37

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Federated Hermes Pennsylvania Municipal Inc Fd. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Federated Hermes Pennsylvania Municipal Inc Fd was 15.50%, occurring on Dec 15, 2008. Recovery took 188 trading sessions.

The current Federated Hermes Pennsylvania Municipal Inc Fd drawdown is 4.58%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-15.5%Jan 24, 2008226Dec 15, 2008188Sep 15, 2009414
-13.32%Jul 26, 2021317Oct 25, 2022———
-12.52%Feb 1, 1994210Nov 21, 1994103Apr 13, 1995313
-10.05%Mar 10, 20209Mar 20, 2020174Nov 25, 2020183
-7.5%May 3, 201387Sep 5, 2013169May 8, 2014256
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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