OMIFX Fees and Costs — Federated Hermes Ohio Municipal Income Fund, Class F
Data updated: 2026-07-27
The net expense ratio is 0.92%: a 0.40% management fee, a 0.40% 12b-1 fee plus 0.77% other expenses, less a 0.65% fee waiver. This share class carries a maximum front-end sales load of 1.00% and a deferred sales charge of up to 1.00%. Portfolio turnover was 30%.
OMIFX Fees and Expenses
Annual operating expenses and sales charges of OMIFX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.40% |
| Other expenses | 0.77% |
| Gross expense ratio | 1.57% |
| Fee waiver | −0.65% |
| Net expense ratio | 0.92% |
| Sales charges | |
|---|---|
| Max front load | 1.00% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
OMIFX Costs Over Time
On $10,000 invested in OMIFX, assuming 5% a year before costs, total costs come to $698 over 5 years, cutting the return by 1.17% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $203 | $100 | $100 |
| Fund expenses (net expense ratio 0.92%) | $96 | $299 | $518 |
| Lost growth on money paid in costs | $5 | $31 | $80 |
| Total costs | $304 | $429 | $698 |
| Value after costs | $10,196 | $11,147 | $12,065 |
| Impact on return, per year | 3.04% | 1.31% | 1.17% |
OMIFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $70.7M
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
OMIFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ICE Bonds Securities Corporation | $9.9M | 20.07% |
| J.P. Morgan Securities LLC | $9.4M | 19.08% |
| Morgan Stanley & Co. LLC | $6.1M | 12.47% |
| Hilltop Securities Inc. | $5.1M | 10.43% |
| Stifel, Nicolaus & Company, Incorporated | $4.1M | 8.29% |
| RBC Capital Markets, LLC | $3.7M | 7.47% |
| UBS Securities LLC | $2.9M | 5.95% |
| Wells Fargo Securities, LLC | $2.8M | 5.75% |
| BofA Securities, Inc. | $2.6M | 5.33% |
| TRADEWEB LLC | $2.5M | 5.17% |
Federated Hermes Ohio Municipal Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| OMIIX | Institutional Shares | 0.52% | none |
| OMIAX | Class A | 0.77% | 4.50% |
| OMIFX | Class F | 0.92% | 1.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.