United States
Securities and Exchange Commission
Washington, D.C. 20549
Form N-CSR
Certified Shareholder Report of Registered Management Investment Companies
811-5950
(Investment Company Act File Number)
Federated Hermes Money Market Obligations Trust
______________________________________________________________
(Exact Name of Registrant as Specified in Charter)
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
(Address of Principal Executive Offices)
(412) 288-1900
(Registrant's Telephone Number)
Peter J. Germain, Esquire
1001 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3779
(Name and Address of Agent for Service)
(Notices should be sent to the Agent for Service)
Date of Fiscal Year End: 07/31/21
Date of Reporting Period: Six months ended 01/31/21
Item 1. | Reports to Stockholders |
Ticker FRFXX |
Federated Hermes Capital Reserves Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Commercial Paper | 39.3% |
Bank Instruments | 23.7% |
Variable Rate Instruments | 15.0% |
Other Repurchase Agreements and Repurchase Agreements | 15.9% |
U.S. Treasury | 4.3% |
Asset-Backed Securities | 0.8% |
Municipals | 0.6% |
Investment Company | 0.6% |
Other Assets and Liabilities—Net2 | (0.2)% |
TOTAL | 100% |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 435.8% |
8-30 Days | 16.6% |
31-90 Days | 28.4% |
91-180 Days | 16.6% |
181 Days or more | 2.8% |
Other Assets and Liabilities—Net2 | (0.2)% |
TOTAL | 100% |
Principal Amount or Shares | Value | ||
1 | COMMERCIAL PAPER—39.3% | ||
Aerospace / Auto—3.2% | |||
$89,000,000 | American Honda Finance Corp., (Honda Motor Co., Ltd. Support Agreement), 0.310%—0.471%, 3/12/2021 - 3/22/2021 | $88,968,787 | |
10,000,000 | Toyota Credit De Puerto Rico Corp., (Toyota Motor Corp. Support Agreement), 0.250%, 4/26/2021 | 9,994,167 | |
50,000,000 | Toyota Motor Credit Corp., (Toyota Motor Corp. Support Agreement), 0.230%, 5/5/2021 | 49,970,291 | |
TOTAL | 148,933,245 | ||
Banking—20.6% | |||
60,000,000 | ABN AMRO Funding, 0.245%, 5/24/2021 | 59,954,267 | |
60,000,000 | Antalis S.A., (Societe Generale, Paris LIQ), 0.230%—0.300%, 3/2/2021 - 6/7/2021 | 59,976,013 | |
35,000,000 | Australia & New Zealand Banking Group, Melbourne, 0.250%, 6/25/2021 | 34,965,000 | |
60,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.200%—0.281%, 6/7/2021 - 9/7/2021 | 59,928,811 | |
54,000,000 | COL Commercial Paper FLEX Co., LLC, 0.210%—0.301%, 2/22/2021 - 7/20/2021 | 53,959,833 | |
80,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.250%—0.280%, 2/1/2021 - 3/23/2021 | 79,991,250 | |
40,000,000 | Great Bridge Capital Co., LLC, (Standard Chartered Bank COL), 0.220%, 2/18/2021 | 39,995,845 | |
50,000,000 | HSBC USA, Inc., 0.451%, 4/1/2021 | 49,963,125 | |
32,300,000 | LMA-Americas LLC, (Credit Agricole Corporate and Investment Bank LIQ), 0.190%—0.300%, 2/2/2021 - 4/7/2021 | 32,297,388 | |
50,000,000 | Matchpoint Finance PLC, (BNP Paribas SA LIQ), 0.240%—0.240%, 2/9/2021 | 49,997,333 | |
75,000,000 | Nationwide Building Society, 0.170%—0.255%, 2/2/2021 - 2/26/2021 | 74,997,190 | |
87,000,000 | Ridgefield Funding Company, LLC Series A, 0.230%—0.250%, 2/16/2021 - 2/17/2021 | 86,991,048 | |
30,000,000 | Royal Bank of Canada, New York Branch, 0.280%, 11/19/2021 | 29,932,100 | |
165,000,000 | Societe Generale, Paris, 0.210%—0.300%, 2/5/2021 - 7/20/2021 | 164,854,733 | |
20,000,000 | Sumitomo Mitsui Trust Bank Ltd., 0.250%, 4/8/2021 | 19,990,833 | |
50,000,000 | Versailles Commercial Paper LLC, (Natixis LIQ), 0.220%—0.250%, 3/1/2021 - 4/9/2021 | 49,988,503 | |
TOTAL | 947,783,272 | ||
Chemicals—3.3% | |||
150,000,000 | BASF SE, 0.160%—0.250%, 3/22/2021 - 3/31/2021 | 149,947,125 |
Principal Amount or Shares | Value | ||
1 | COMMERCIAL PAPER—continued | ||
Electric Power—2.6% | |||
$4,180,000 | Avangrid, Inc., 0.270%, 2/4/2021 | $4,179,906 | |
115,000,000 | Duke Energy Corp., 0.240%—0.260%, 2/1/2021 - 2/12/2021 | 114,994,058 | |
TOTAL | 119,173,964 | ||
Finance - Commercial—1.6% | |||
70,916,000 | Atlantic Asset Securitization LLC, 0.210%—0.240%, 2/2/2021 - 3/29/2021 | 70,906,318 | |
Finance - Retail—8.0% | |||
230,000,000 | Barton Capital S.A., 0.180%—0.280%, 2/18/2021 - 6/24/2021 | 229,933,701 | |
70,000,000 | Chariot Funding LLC, 0.190%—0.220%, 3/1/2021 - 5/21/2021 | 69,971,856 | |
15,000,000 | Old Line Funding, LLC, 0.290%, 7/6/2021 | 14,981,271 | |
30,000,000 | Sheffield Receivables Company LLC, 0.230%, 3/18/2021 | 29,991,375 | |
25,000,000 | Starbird Funding Corp., 0.220%, 4/5/2021 | 24,990,375 | |
TOTAL | 369,868,578 | ||
TOTAL COMMERCIAL PAPER | 1,806,612,502 | ||
CERTIFICATES OF DEPOSIT—23.7% | |||
80,000,000 | Bank of Montreal, 0.250%, 3/22/2021 | 80,000,000 | |
20,000,000 | Canadian Imperial Bank of Commerce, 0.270%, 1/4/2022 | 20,000,000 | |
225,000,000 | Landesbank Baden-Wurttemberg, 0.230%—0.250%, 2/16/2021 - 4/27/2021 | 225,000,000 | |
100,000,000 | Landesbank Hessen-Thuringen, 0.090%—0.100%, 2/1/2021 - 2/4/2021 | 100,000,000 | |
115,000,000 | Mizuho Bank Ltd., 0.230%, 2/16/2021 - 2/18/2021 | 115,000,000 | |
140,465,000 | MUFG Bank Ltd., 0.190%—0.250%, 2/26/2021 - 7/28/2021 | 140,513,333 | |
25,000,000 | Royal Bank of Canada, 0.300%, 12/1/2021 | 25,000,000 | |
205,000,000 | Sumitomo Mitsui Banking Corp., 0.240%—0.270%, 3/3/2021 - 5/5/2021 | 205,000,000 | |
115,000,000 | Sumitomo Mitsui Trust Bank Ltd., 0.080%—0.250%, 2/5/2021 - 4/14/2021 | 115,000,000 | |
65,000,000 | Toronto Dominion Bank, 0.450%—0.500%, 5/13/2021 - 6/16/2021 | 65,000,000 | |
TOTAL CERTIFICATES OF DEPOSIT | 1,090,513,333 | ||
2 | NOTES-VARIABLE—15.0% | ||
Banking—12.9% | |||
30,000,000 | Bank of Montreal, 0.280% (Secured Overnight Financing Rate +0.240%), 2/1/2021 | 30,000,000 | |
10,000,000 | Bank of Nova Scotia, Toronto, 0.260% (Secured Overnight Financing Rate +0.220%), 2/1/2021 | 9,999,101 | |
9,200,000 | Bragg 2019 Family Trust No. 1, Series 2019, (BOKF, N.A. LOC), 0.190%, 2/4/2021 | 9,200,000 |
Principal Amount or Shares | Value | ||
2 | NOTES-VARIABLE—continued | ||
Banking—continued | |||
$67,210,000 | Byron H. Rubin as Trustee of the Gerald J. Rubin Special Trust No. 1, UAD June 23, 2016, (Comerica Bank LOC), 0.190%, 2/4/2021 | $67,210,000 | |
35,080,000 | Carol Allen Family Liquidity Trust, (Comerica Bank LOC), 0.190%, 2/4/2021 | 35,080,000 | |
16,025,000 | Catholic Health Initiatives, Taxable Municipal Funding Trust (Series 2019-007) VRDNs, (Barclays Bank plc LOC), 0.420%, 2/4/2021 | 16,025,000 | |
2,445,000 | Colorado Health Facilities Authority, Series 2016B, (UMB Bank, N.A. LOC), 0.470%, 2/4/2021 | 2,445,000 | |
25,000,000 | Connecticut State, Golden Blue (Series 2017-016) Weekly VRDNs, (Barclays Bank plc LIQ)/(Barclays Bank plc LOC), 0.080%, 2/4/2021 | 25,000,000 | |
11,300,000 | Connecticut Water Co., Series 2004, (Citizens Bank, N.A., Providence LOC), 0.370%, 2/3/2021 | 11,300,000 | |
6,750,000 | CT 2019 Irrevocable Trust, (BOKF, N.A. LOC), 0.190%, 2/4/2021 | 6,750,000 | |
7,090,000 | EG Irrevocable Life Insurance Trust, (BOKF, N.A. LOC), 0.190%, 2/4/2021 | 7,090,000 | |
9,590,000 | Eric and Lizzie Bommer Insurance Trust, (BOKF, N.A. LOC), 0.190%, 2/4/2021 | 9,590,000 | |
2,525,000 | Gannett Fleming, Inc., Series 2001, (Manufacturers & Traders Trust Co., Buffalo, NY LOC), 0.390%, 2/5/2021 | 2,525,000 | |
5,355,000 | GM Enterprises of Oregon, Inc., Series 2017, (Bank of the West, San Francisco, CA LOC), 0.150%, 2/4/2021 | 5,355,000 | |
23,445,000 | J.R. Adventures Insurance Trust, (BOKF, N.A. LOC), 0.190%, 2/4/2021 | 23,445,000 | |
3,405,000 | Moran Enterprises, Inc., Series 2015, (BOKF, N.A. LOC), 0.190%, 2/4/2021 | 3,405,000 | |
27,400,000 | New Jersey EDA, Taxable Muni Funding Trust (Series 2019-014) VRDNs, (Barclays Bank plc LOC), 0.420%, 2/4/2021 | 27,400,000 | |
11,255,000 | NLS 2015 Irrevocable Trust, (BOKF, N.A. LOC), 0.190%, 2/4/2021 | 11,255,000 | |
9,280,000 | Opler 2013 Irrevocable Trust, (BOKF, N.A. LOC), 0.190%, 2/4/2021 | 9,280,000 | |
30,565,000 | RBS Insurance Trust, (BOKF, N.A. LOC), 0.190%, 2/4/2021 | 30,565,000 | |
50,000,000 | Royal Bank of Canada, New York Branch, 0.270% (Secured Overnight Financing Rate +0.230%), 2/1/2021 | 50,000,000 | |
9,470,000 | Sendra Family Irrevocable Trust, Series 2015, (BOKF, N.A. LOC), 0.190%, 2/4/2021 | 9,470,000 | |
13,875,000 | Steel Dust Recycling, LLC, Series 2016, (Comerica Bank LOC), 0.190%, 2/4/2021 | 13,875,000 | |
6,145,000 | Taxable Municipal Funding Trust 2020-001, Barclays Taxable Muni Funding Trust (Series 2020-001) VRDNs, (Barclays Bank plc LOC), 0.420%, 2/4/2021 | 6,145,000 |
Principal Amount or Shares | Value | ||
2 | NOTES-VARIABLE—continued | ||
Banking—continued | |||
$6,600,000 | Taxable Municipal Funding Trust 2020-008, (Series 2020-008) VRDNs, (Barclays Bank plc LOC), 0.420%, 2/4/2021 | $6,600,000 | |
33,170,000 | Taxable Municipal Funding Trust 2020-011, (Series 2020-011) VRDNs, (Barclays Bank plc LOC), 0.420%, 2/4/2021 | 33,170,000 | |
5,825,000 | The Jacob Rosenstein Irrevocable Life Insurance Trust, (Bank of America N.A. LOC), 0.190%, 2/3/2021 | 5,825,000 | |
8,820,000 | The Jay Deitz 2015 Irrevocable Life Insurance Trust, Series 2016, (BOKF, N.A. LOC), 0.190%, 2/4/2021 | 8,820,000 | |
9,825,000 | The KVR Insurance Trust, Series 2014, (BOKF, N.A. LOC), 0.190%, 2/4/2021 | 9,825,000 | |
7,145,000 | The Raymon Lee Ince Irrevocable Trust, (BOKF, N.A. LOC), 0.190%, 2/4/2021 | 7,145,000 | |
6,680,000 | The Rieber Life Insurance Trust, Series 2016, (BOKF, N.A. LOC), 0.190%, 2/4/2021 | 6,680,000 | |
35,000,000 | Toronto Dominion Bank, 0.400% (Effective Fed Funds +0.320%), 2/1/2021 | 35,000,000 | |
30,000,000 | Toronto Dominion Bank, 0.512% (3-month USLIBOR +0.300%), 4/27/2021 | 30,000,000 | |
7,305,000 | Tuttle Insurance Trust No. 2, Series 2015, (BOKF, N.A. LOC), 0.190%, 2/4/2021 | 7,305,000 | |
8,240,000 | Wingo Family Master Trust, (BOKF, N.A. LOC), 0.190%, 2/4/2021 | 8,240,000 | |
13,000,000 | Yavapai County, AZ IDA—Recovery Zone Facility (Drake Cement LLC), Taxable (Series 2015) Weekly VRDNs, (Bank of Nova Scotia, Toronto LOC), 0.250%, 2/4/2021 | 13,000,000 | |
TOTAL | 594,019,101 | ||
Electric Power—0.7% | |||
32,000,000 | West Jefferson, AL IDB PCRB (Alabama Power Co.), (Series 1998) Weekly VRDNs, 0.120%, 2/4/2021 | 32,000,000 | |
Government Agency—0.4% | |||
3,935,000 | Jerry P. Himmel Irrevocable Trust No. 1, (Federal Home Loan Bank of Dallas LOC), 0.150%, 2/4/2021 | 3,935,000 | |
7,660,000 | Millbrook, AL Redevelopment Authority, RAM Millbrook Hospitality LLC Project, Series 2017, (Federal Home Loan Bank of New York LOC), 0.150%, 2/4/2021 | 7,660,000 | |
6,060,000 | Roberts Insurance Trusts, LLC, (Federal Home Loan Bank of Des Moines LOC), 0.150%, 2/4/2021 | 6,060,000 | |
TOTAL | 17,655,000 | ||
Metals—1.0% | |||
45,000,000 | St. James Parish, LA (Nucor Steel Louisiana LLC), (Series 2010A-1) Weekly VRDNs, (Nucor Corp. GTD), 0.120%, 2/3/2021 | 45,000,000 | |
TOTAL NOTES-VARIABLE | 688,674,101 |
Principal Amount or Shares | Value | ||
REPURCHASE AGREEMENTS—8.8% | |||
$356,000,000 | Interest in $1,650,000,000 joint repurchase agreement, 0.04% dated 1/29/2021 under which Barclays Bank Plc will repurchase the securities provided as collateral for $1,650,005,500 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. treasury with various maturities to 5/15/2048 and the market value of those underlying securities was $1,683,005,618. | $356,000,000 | |
50,000,000 | Interest in $200,000,000 joint repurchase agreement, 0.06% dated 1/29/2021 under which BMO Harris Bank will repurchase the securities provided as collateral for $200,001,000 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. government agency with various maturities to 2/25/2036 and the market value of those underlying securities was $206,353,078. | 50,000,000 | |
TOTAL REPURCHASE AGREEMENTS | 406,000,000 | ||
OTHER REPURCHASE AGREEMENTS—7.1% | |||
10,000,000 | Repurchase agreement, 0.48% dated 12/10/2020 under which BNP Paribas SA will repurchase the securities provided as collateral for $10,008,000 on 2/8/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were asset-backed securities and corporate bonds with various maturities to 2/1/2055 and the market value of those underlying securities was $10,208,161. | 10,000,000 | |
35,000,000 | Interest in $50,000,000 joint repurchase agreement, 0.27% dated 1/29/2021 under which Citigroup Global Markets, Inc. will repurchase the securities provided as collateral for $50,001,125 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. treasury with various maturities to 11/15/2026 and the market value of those underlying securities was $51,001,231. | 35,000,000 | |
50,000,000 | Repurchase agreement, 0.593% dated 11/17/2020 under which Citigroup Global Markets, Inc. will repurchase the securities provided as collateral for $50,150,721 on 5/19/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were sovereign debt securities with various maturities to 10/12/2110 and the market value of those underlying securities was $51,224,902. | 50,000,000 | |
70,000,000 | Repurchase agreement, 0.643% dated 11/17/2020 under which Citigroup Global Markets, Inc. will repurchase the securities provided as collateral for $70,228,801 on 5/19/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were asset-backed securities and corporate bonds with various maturities to 1/31/2044 and the market value of those underlying securities was $71,438,325. | 70,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS—continued | |||
$50,000,000 | Repurchase agreement, 0.17% dated 1/29/2021 under which HSBC Securities (USA), Inc. will repurchase the securities provided as collateral for $50,000,708 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were corporate bonds with various maturities to 7/15/2097 and the market value of those underlying securities was $51,000,001. | $50,000,000 | |
10,000,000 | Interest in $30,000,000 joint repurchase agreement, 0.56% dated 9/4/2020 under which Mizuho Securities USA LLC will repurchase the securities provided as collateral for $30,096,600 on 3/30/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. government agency with various maturities to 5/7/2053 and the market value of those underlying securities was $30,628,560. | 10,000,000 | |
25,000,000 | Repurchase agreement, 0.43% dated 1/29/2021 under which Mizuho Securities USA LLC will repurchase the securities provided as collateral for $25,000,896 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. treasury with various maturities to 11/15/2028 and the market value of those underlying securities was $25,500,945. | 25,000,000 | |
25,000,000 | Repurchase agreement, 0.63% dated 1/7/2021 under which Wells Fargo Securities LLC will repurchase the securities provided as collateral for $25,038,500 on 4/5/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri- party agent, were Convertible bonds with various maturities to 1/15/2025 and the market value of those underlying securities was $25,511,610. | 25,000,000 | |
50,000,000 | Repurchase agreement, 0.17% dated 1/29/2021 under which Wells Fargo Securities LLC will repurchase the securities provided as collateral for $50,000,708 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. government agency with various maturities to 10/8/2030 and the market value of those underlying securities was $51,001,346. | 50,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS | 325,000,000 | ||
U.S. TREASURY—4.3% | |||
75,000,000 | United States Treasury Bill, 0.085%, 5/6/2021 | 74,983,354 | |
25,000,000 | United States Treasury Bill, 0.087%, 4/27/2021 | 24,994,835 | |
100,000,000 | United States Treasury Bill, 0.115%, 3/4/2021 | 99,989,990 | |
TOTAL U.S. TREASURY | 199,968,179 | ||
ASSET-BACKED SECURITIES—0.8% | |||
Finance - Automotive—0.3% | |||
6,748,933 | Enterprise Fleet Financing LLC 2020-2, Class A1, 0.239%, 10/20/2021 | 6,748,933 |
Principal Amount or Shares | Value | ||
ASSET-BACKED SECURITIES—continued | |||
Finance - Automotive—continued | |||
$5,371,722 | Westlake Automobile Receivables Trust 2020-3, Class A1, 0.206%, 10/15/2021 | $5,371,722 | |
TOTAL | 12,120,655 | ||
Finance - Equipment—0.5% | |||
5,484,585 | BCC Funding XVII LLC Equipment Contract Backed Notes, Series 2020-1, Class A1, 0.309%, 10/20/2021 | 5,484,585 | |
17,670,309 | Dell Equipment Finance Trust 2020-2, Class A1, 0.314%, 9/22/2021 | 17,670,309 | |
TOTAL | 23,154,894 | ||
TOTAL ASSET-BACKED SECURITIES | 35,275,549 | ||
NOTES-MUNICIPAL—0.6% | |||
30,000,000 | Commonwealth of Massachusetts, (Series B) RANs, 0.230%, 5/20/2021 | 30,000,000 | |
INVESTMENT COMPANY—0.6% | |||
26,997,500 | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 0.07%3 | 27,000,102 | |
TOTAL INVESTMENT IN SECURITIES—100.2% (AT AMORTIZED COST)4 | 4,609,043,766 | ||
OTHER ASSETS AND LIABILITIES—(0.2)%5 | (8,979,836) | ||
TOTAL NET ASSETS—100% | $4,600,063,930 |
Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares | |
Value as of 7/31/2020 | $27,000,100 |
Purchases at Cost | $5,003 |
Proceeds from Sales | $(5,003) |
Change in Unrealized Appreciation/Depreciation | $— |
Net Realized Gain/(Loss) | $2 |
Value as of 01/31/2021 | $27,000,102 |
Shares Held as of 01/31/2021 | 26,997,500 |
Dividend Income | $16,923 |
COL | —Collateralized |
EDA | —Economic Development Authority |
GTD | —Guaranteed |
IDA | —Industrial Development Authority |
IDB | —Industrial Development Bond |
LIBOR | —London Interbank Offered Rate |
LIQ | —Liquidity Agreement |
LOC | —Letter of Credit |
PCRBs | —Pollution Control Revenue Bonds |
RANs | —Revenue Anticipation Notes |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income from Investment Operations: | ||||||
Net investment income | 0.0001 | 0.007 | 0.016 | 0.007 | 0.001 | — |
Net realized gain | 0.0001 | 0.0001 | 0.0001 | 0.0001 | — | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.007 | 0.016 | 0.007 | 0.001 | 0.0001 |
Less Distributions: | ||||||
Distributions from net income | (0.000)1 | (0.007) | (0.016) | (0.007) | (0.001) | — |
Distributions from net realized gain | — | (0.000)1 | (0.000)1 | (0.000)1 | — | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.007) | (0.016) | (0.007) | (0.001) | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.00%3 | 0.68% | 1.58% | 0.75% | 0.10% | 0.00%3 |
Ratios to Average Net Assets: | ||||||
Net expenses4,5 | 0.28%6 | 0.94% | 1.02% | 1.02% | 0.92% | 0.52% |
Net investment income | 0.01%6 | 0.65% | 0.58% | 0.70% | 0.08% | 0.00% |
Expense waiver/ reimbursement7 | 0.88%6 | 0.28% | 0.19% | 0.19% | 0.30% | 0.72% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $4,600,064 | $4,312,748 | $4,030,191 | $4,220,884 | $6,951,890 | $11,562,657 |
Assets: | ||
Investment in securities, at value including $27,000,102 of investment in an affiliated holding* | $3,878,043,766 | |
Investments in other repurchase agreements and repurchase agreements | 731,000,000 | |
Investment in securities, at amortized cost and fair value | $4,609,043,766 | |
Income receivable | 1,664,186 | |
Receivable for shares sold | 9,869 | |
Income receivable from an affiliated holding | 1,642 | |
TOTAL ASSETS | 4,610,719,463 | |
Liabilities: | ||
Bank overdraft | 6,447,932 | |
Payable for investments purchased | 3,281,483 | |
Payable for transfer agent fees | 380,676 | |
Payable for other service fees (Notes 2 and 4) | 49,961 | |
Payable for administrative fee (Note 4) | 29,597 | |
Payable for investment adviser fee (Note 4) | 5,456 | |
Payable for Directors’/Trustees’ fees (Note 4) | 1,370 | |
Accrued expenses (Note 4) | 459,058 | |
TOTAL LIABILITIES | 10,655,533 | |
Net assets for 4,600,078,334 shares outstanding | $4,600,063,930 | |
Net Assets Consists of: | ||
Paid-in capital | $4,600,065,779 | |
Total distributable earnings (loss) | (1,849) | |
TOTAL NET ASSETS | $4,600,063,930 | |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | ||
$4,600,063,930 ÷ 4,600,078,334 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Investment Income: | |||
Interest | $6,545,390 | ||
Dividends received from an affiliated holding* | 16,923 | ||
TOTAL INCOME | 6,562,313 | ||
Expenses: | |||
Investment adviser fee (Note 4) | $4,465,530 | ||
Administrative fee (Note 4) | 1,741,233 | ||
Custodian fees | 76,573 | ||
Transfer agent fees | 2,241,494 | ||
Directors’/Trustees’ fees (Note 4) | 9,897 | ||
Auditing fees | 11,493 | ||
Legal fees | 4,870 | ||
Distribution services fee (Note 4) | 12,280,208 | ||
Other service fees (Note 2) | 4,595,638 | ||
Portfolio accounting fees | 86,216 | ||
Share registration costs | 366,567 | ||
Printing and postage | 160,549 | ||
Miscellaneous (Notes 4) | 20,188 | ||
TOTAL EXPENSES | 26,060,456 | ||
Waivers, Reimbursement and Reduction: | |||
Waiver/reimbursement of investment adviser fee (Note 4) | $(3,023,172) | ||
Waiver of other operating expenses (Note 2 and 4) | (16,698,091) | ||
Reduction of custodian fees (Note 5) | (179) | ||
TOTAL WAIVERS, REIMBURSEMENT AND REDUCTION | (19,721,442) | ||
Net expenses | 6,339,014 | ||
Net investment income | 223,299 | ||
Net realized gain on investments | 6,995 | ||
Change in net assets resulting from operations | $230,294 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended 7/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $223,299 | $27,076,477 |
Net realized gain | 6,995 | 12,213 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 230,294 | 27,088,690 |
Distributions to Shareholders | (223,299) | (27,113,973) |
Share Transactions: | ||
Proceeds from sale of shares | 967,774,778 | 1,976,943,371 |
Net asset value of shares issued to shareholders in payment of distributions declared | 219,681 | 26,473,971 |
Cost of shares redeemed | (680,685,203) | (1,720,835,686) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 287,309,256 | 282,581,656 |
Change in net assets | 287,316,251 | 282,556,373 |
Net Assets: | ||
Beginning of period | 4,312,747,679 | 4,030,191,306 |
End of period | $4,600,063,930 | $4,312,747,679 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | ||
Shares sold | 967,774,778 | 1,976,943,371 | |
Shares issued to shareholders in payment of distributions declared | 219,681 | 26,473,971 | |
Shares redeemed | (680,685,203) | (1,720,835,686) | |
NET CHANGE RESULTING FROM FUND SHARE TRANSACTIONS | 287,309,256 | 282,581,656 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2020 | Ending Account Value 1/31/2021 | Expenses Paid During Period | |
Actual | $1,000 | $1,000.00 | $11.41 |
Hypothetical (assuming a 5% return before expenses) | $1,000 | $1,023.79 | $21.43 |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
Share Class | Ticker | A | GRAXX | B | GRBXX | C | GRCXX |
F | GRGXX | P | GRFXX |
Federated Hermes Government Reserves Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Repurchase Agreements | 40.0% |
U.S. Treasury Securities | 35.6% |
U.S. Government Agency Securities | 23.3% |
Other Assets and Liabilities—Net2 | 1.1% |
TOTAL | 100% |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 459.5% |
8-30 Days | 10.7% |
31-90 Days | 10.8% |
91-180 Days | 14.3% |
181 Days or more | 3.6% |
Other Assets and Liabilities—Net2 | 1.1% |
TOTAL | 100% |
Principal Amount | Value | ||
GOVERNMENT AGENCIES—23.3% | |||
$28,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.085% (Secured Overnight Financing Rate +0.045%), 2/1/2021 | $27,995,558 |
50,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.095% (Secured Overnight Financing Rate +0.055%), 2/1/2021 | 49,995,276 |
15,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.100% (Secured Overnight Financing Rate +0.060%), 2/1/2021 | 15,000,000 |
20,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.105% (Secured Overnight Financing Rate +0.065%), 2/1/2021 | 20,000,000 |
65,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.115% (Secured Overnight Financing Rate +0.075%), 2/1/2021 | 65,000,000 |
15,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.140% (Secured Overnight Financing Rate +0.100%), 2/1/2021 | 15,000,000 |
21,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.160% (Secured Overnight Financing Rate +0.120%), 2/1/2021 | 21,000,000 |
20,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.185% (Secured Overnight Financing Rate +0.145%), 2/1/2021 | 20,000,000 |
14,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.195% (Effective Fed Funds +0.125%), 2/1/2021 | 13,999,934 |
37,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.220% (Secured Overnight Financing Rate +0.180%), 2/1/2021 | 37,000,000 |
34,700,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.250% (Secured Overnight Financing Rate +0.210%), 2/1/2021 | 34,700,000 |
55,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.340% (Secured Overnight Financing Rate +0.300%), 2/1/2021 | 55,000,000 |
55,000,000 | Federal Farm Credit System, 0.080% - 0.090%, 12/3/2021 - 12/21/2021 | 54,983,534 | |
194,250,000 | 2 | Federal Home Loan Bank System Discount Notes, 0.099% - 0.450%, 2/19/2021 - 5/19/2021 | 194,183,810 |
79,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.060% (Secured Overnight Financing Rate +0.020%), 2/1/2021 | 79,000,000 |
30,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.075% (Secured Overnight Financing Rate +0.035%), 2/1/2021 | 30,000,000 |
90,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.085% (Secured Overnight Financing Rate +0.045%), 2/1/2021 | 90,000,000 |
55,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.090% (Secured Overnight Financing Rate +0.050%), 2/1/2021 | 55,000,000 |
36,700,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.099% (1-month USLIBOR -0.030%), 2/16/2021 | 36,700,000 |
198,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.100% (Secured Overnight Financing Rate +0.060%), 2/1/2021 | 198,000,000 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES—continued | |||
$47,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.105% (Secured Overnight Financing Rate +0.065%), 2/1/2021 | $47,000,000 |
95,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.115% (Secured Overnight Financing Rate +0.075%), 2/1/2021 | 95,000,000 |
106,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.120% (Secured Overnight Financing Rate +0.080%), 2/1/2021 | 106,000,000 |
25,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.125% (Secured Overnight Financing Rate +0.085%), 2/1/2021 | 25,000,000 |
44,600,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.130% (Secured Overnight Financing Rate +0.090%), 2/1/2021 | 44,600,000 |
25,300,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.140% (Secured Overnight Financing Rate +0.100%), 2/1/2021 | 25,300,000 |
50,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.149% (1-month USLIBOR +0.020%), 2/19/2021 | 50,000,000 |
42,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.155% (Secured Overnight Financing Rate +0.115%), 2/1/2021 | 42,000,000 |
60,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.160% (Secured Overnight Financing Rate +0.120%), 2/1/2021 | 60,000,000 |
33,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.168% (1-month USLIBOR +0.040%), 2/17/2021 | 33,000,000 |
20,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.175% (Secured Overnight Financing Rate +0.135%), 2/1/2021 | 20,000,000 |
39,650,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.190% (Secured Overnight Financing Rate +0.150%), 2/1/2021 | 39,650,000 |
35,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.210% (Secured Overnight Financing Rate +0.170%), 2/1/2021 | 35,000,000 |
45,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.270% (Secured Overnight Financing Rate +0.230%), 2/1/2021 | 45,000,000 |
414,640,000 | Federal Home Loan Bank System, 0.090% - 0.150%, 3/3/2021 - 10/26/2021 | 414,632,534 | |
60,000,000 | 1 | Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.100% (Secured Overnight Financing Rate +0.060%), 2/1/2021 | 60,000,000 |
70,000,000 | 1 | Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.105% (Secured Overnight Financing Rate +0.065%), 2/1/2021 | 70,000,000 |
21,300,000 | 1 | Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.130% (Secured Overnight Financing Rate +0.090%), 2/1/2021 | 21,300,000 |
13,250,000 | 1 | Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.240% (Secured Overnight Financing Rate +0.200%), 2/1/2021 | 13,250,000 |
55,000,000 | 1 | Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.310% (Secured Overnight Financing Rate +0.270%), 2/1/2021 | 55,000,000 |
26,000,000 | 1 | Federal National Mortgage Association Floating Rate Notes, 0.210% (Secured Overnight Financing Rate +0.170%), 2/1/2021 | 26,000,000 |
25,000,000 | 1 | Federal National Mortgage Association Floating Rate Notes, 0.230% (Secured Overnight Financing Rate +0.190%), 2/1/2021 | 24,996,670 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES—continued | |||
$26,000,000 | 1 | Federal National Mortgage Association Floating Rate Notes, 0.240% (Secured Overnight Financing Rate +0.200%), 2/1/2021 | $26,000,000 |
20,800,000 | 1 | Federal National Mortgage Association Floating Rate Notes, 0.260% (Secured Overnight Financing Rate +0.220%), 2/1/2021 | 20,800,000 |
30,000,000 | 1 | Federal National Mortgage Association Floating Rate Notes, 0.270% (Secured Overnight Financing Rate +0.230%), 2/1/2021 | 30,000,000 |
53,000,000 | 1 | Federal National Mortgage Association Floating Rate Notes, 0.310% (Secured Overnight Financing Rate +0.270%), 2/1/2021 | 53,000,000 |
39,500,000 | 1 | Federal National Mortgage Association Floating Rate Notes, 0.330% (Secured Overnight Financing Rate +0.290%), 2/1/2021 | 39,500,000 |
36,000,000 | 1 | Federal National Mortgage Association Floating Rate Notes, 0.350% (Secured Overnight Financing Rate +0.310%), 2/1/2021 | 36,000,000 |
50,000,000 | 1 | Federal National Mortgage Association Floating Rate Notes, 0.360% (Secured Overnight Financing Rate +0.320%), 2/1/2021 | 50,000,000 |
28,000,000 | 1 | Federal National Mortgage Association Floating Rate Notes, 0.430% (Secured Overnight Financing Rate +0.390%), 2/1/2021 | 28,000,000 |
TOTAL GOVERNMENT AGENCIES | 2,748,587,316 | ||
U.S. TREASURY—35.6% | |||
70,000,000 | 2 | United States Treasury Bill, 0.085%, 5/11/2021 | 69,983,637 |
105,000,000 | 2 | United States Treasury Bill, 0.090%, 5/4/2021 | 104,975,850 |
60,000,000 | 2 | United States Treasury Bill, 0.090%, 5/13/2021 | 59,984,850 |
60,000,000 | 2 | United States Treasury Bill, 0.090%, 5/18/2021 | 59,984,100 |
75,000,000 | 2 | United States Treasury Bill, 0.090%, 6/15/2021 | 74,974,875 |
100,000,000 | 2 | United States Treasury Bill, 0.090%, 6/22/2021 | 99,964,750 |
110,000,000 | 2 | United States Treasury Bill, 0.090%, 6/24/2021 | 109,960,675 |
130,000,000 | 2 | United States Treasury Bill, 0.090%, 6/29/2021 | 129,951,900 |
75,000,000 | 2 | United States Treasury Bill, 0.090%, 7/8/2021 | 74,970,563 |
80,000,000 | 2 | United States Treasury Bill, 0.090%, 7/15/2021 | 79,967,200 |
100,000,000 | 2 | United States Treasury Bill, 0.095%, 6/1/2021 | 99,968,333 |
25,000,000 | 2 | United States Treasury Bill, 0.095%, 7/22/2021 | 24,988,719 |
85,000,000 | 2 | United States Treasury Bill, 0.100%, 2/11/2021 | 84,997,639 |
85,000,000 | 2 | United States Treasury Bill, 0.100%, 3/2/2021 | 84,993,153 |
175,000,000 | 2 | United States Treasury Bill, 0.100%, 7/1/2021 | 174,927,083 |
49,300,000 | 2 | United States Treasury Bill, 0.105%, 3/9/2021 | 49,294,824 |
50,000,000 | 2 | United States Treasury Bill, 0.105%, 4/13/2021 | 49,989,646 |
33,000,000 | 2 | United States Treasury Bill, 0.110%, 5/6/2021 | 32,990,522 |
65,000,000 | 2 | United States Treasury Bill, 0.110%, 12/2/2021 | 64,939,622 |
240,000,000 | 2 | United States Treasury Bill, 0.115%, 3/4/2021 | 239,976,233 |
43,000,000 | 2 | United States Treasury Bill, 0.115%, 3/30/2021 | 42,992,170 |
190,000,000 | 2 | United States Treasury Bill, 0.115%, 4/15/2021 | 189,955,693 |
85,000,000 | 2 | United States Treasury Bill, 0.115%, 4/22/2021 | 84,978,278 |
Principal Amount | Value | ||
U.S. TREASURY—continued | |||
$125,000,000 | 2 | United States Treasury Bill, 0.120%, 2/9/2021 | $124,996,667 |
96,000,000 | 2 | United States Treasury Bill, 0.120%, 2/16/2021 | 95,995,200 |
325,000,000 | 2 | United States Treasury Bill, 0.120%, 2/25/2021 | 324,974,000 |
35,000,000 | 2 | United States Treasury Bill, 0.120%, 3/18/2021 | 34,994,750 |
240,000,000 | 2 | United States Treasury Bills, 0.070% - 0.125%, 3/11/2021 | 239,973,136 |
134,400,000 | 2 | United States Treasury Bills, 0.090% - 0.100%, 5/20/2021 | 134,362,957 |
170,000,000 | 2 | United States Treasury Bills, 0.095% - 0.120%, 2/4/2021 | 169,998,477 |
120,000,000 | 2 | United States Treasury Bills, 0.100% - 0.110%, 2/23/2021 | 119,992,055 |
150,000,000 | 2 | United States Treasury Bills, 0.105% - 0.120%, 2/18/2021 | 149,992,208 |
75,500,000 | 1 | United States Treasury Floating Rate Notes, 0.135% (91-day T-Bill +0.055%), 2/2/2021 | 75,499,998 |
60,000,000 | 1 | United States Treasury Floating Rate Notes, 0.137% (91-day T-Bill +0.049%), 2/2/2021 | 60,000,000 |
50,000,000 | 1 | United States Treasury Floating Rate Notes, 0.219% (91-day T-Bill +0.139%), 2/2/2021 | 49,999,824 |
11,500,000 | 1 | United States Treasury Floating Rate Notes, 0.234% (91-day T-Bill +0.154%), 2/2/2021 | 11,500,000 |
28,000,000 | 1 | United States Treasury Floating Rate Notes, 0.380% (91-day T-Bill +0.300%), 2/2/2021 | 28,006,638 |
20,000,000 | United States Treasury Note, 2.000%, 12/31/2021 | 20,346,710 | |
50,800,000 | United States Treasury Note, 2.125%, 5/31/2021 | 51,134,336 | |
34,800,000 | United States Treasury Note, 2.250%, 2/15/2021 | 34,818,317 | |
47,000,000 | United States Treasury Note, 2.250%, 4/30/2021 | 47,240,825 | |
35,000,000 | United States Treasury Note, 2.375%, 3/15/2021 | 35,077,863 | |
37,000,000 | United States Treasury Note, 2.375%, 4/15/2021 | 37,149,059 | |
39,000,000 | United States Treasury Note, 2.625%, 5/15/2021 | 39,273,681 | |
12,000,000 | United States Treasury Note, 2.625%, 7/15/2021 | 12,137,042 | |
50,000,000 | United States Treasury Note, 2.875%, 11/15/2021 | 51,083,061 | |
31,800,000 | United States Treasury Notes, 1.125% - 2.500%, 2/28/2021 | 31,817,709 | |
60,000,000 | United States Treasury Notes, 1.250% - 1.500%, 10/31/2021 | 60,571,884 | |
74,500,000 | United States Treasury Notes, 1.500% - 2.000%, 8/31/2021 | 75,174,703 | |
TOTAL U.S. TREASURY | 4,205,821,415 | ||
REPURCHASE AGREEMENTS—40.0% | |||
300,000,000 | Repurchase agreement, 0.060% dated 1/29/2021 under which ABN Amro Bank N.V. will repurchase the securities provided as collateral for $300,001,500 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency Securities with various maturities to 8/16/2061 and the market value of those underlying securities was $308,123,407. | 300,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS—continued | |||
$1,104,000,000 | Interest in $1,650,000,000 joint repurchase agreement, 0.040% dated 1/29/2021 under which Barclays Bank PLC will repurchase the securities provided as collateral for $1,650,005,500 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 5/15/2048 and the market value of those underlying securities was $1,683,005,618. | $1,104,000,000 | |
45,000,000 | Repurchase agreement, 0.040% dated 1/29/2021 under which Barclays Capital, Inc. will repurchase the securities provided as collateral for $45,000,150 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 11/15/2047 and the market value of those underlying securities was $45,900,255. | 45,000,000 | |
150,000,000 | Interest in $200,000,000 joint repurchase agreement, 0.060% dated 1/29/2021 under which BMO Harris Bank, N.A. will repurchase the securities provided as collateral for $200,001,000 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency Securities with various maturities to 2/25/2036 and the market value of those underlying securities was $206,353,078. | 150,000,000 | |
42,276,000 | Interest in $46,000,000 joint repurchase agreement, 0.060% dated 1/29/2021 under which BNP Paribas SA will repurchase the securities provided as collateral for $46,000,230 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 2/1/2051 and the market value of those underlying securities was $46,920,235. | 42,276,000 | |
350,000,000 | Repurchase agreement, 0.100% dated 12/17/2020 under which BNP Paribas SA will repurchase the securities provided as collateral for $350,059,306 on 2/16/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 2/15/2043 and the market value of those underlying securities was $357,045,623. | 350,000,000 | |
281,800,000 | Interest in $400,000,000 joint repurchase agreement, 0.040% dated 1/29/2021 under which Bank of America Securities, Inc will repurchase the securities provided as collateral for $400,001,333 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 1/15/2025 and the market value of those underlying securities was $408,001,423. | 281,800,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS—continued | |||
$206,525,000 | Interest in $2,000,000,000 joint repurchase agreement, 0.060% dated 1/29/2021 under which Bank of America Securities, Inc will repurchase the securities provided as collateral for $2,000,010,000 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency Securities with various maturities to 12/20/2070 and the market value of those underlying securities was $2,047,899,667. | $206,525,000 | |
150,000,000 | Repurchase agreement, 0.100% dated 1/20/2021 under which Bank of America Securities, Inc will repurchase the securities provided as collateral for $150,013,750 on 2/22/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency with various maturities to 1/20/2051 and the market value of those underlying securities was $153,004,676. | 150,000,000 | |
500,000,000 | Repurchase agreement, 0.070% dated 3/4/2020 under which Citigroup Global Markets, Inc. will repurchase the securities provided as collateral for $500,334,444 on 2/11/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 9/20/2050 and the market value of those underlying securities was $510,003,874. | 500,000,000 | |
350,000,000 | Repurchase agreement, 0.110% dated 1/19/2020 under which Citigroup Global Markets, Inc. will repurchase the securities provided as collateral for $350,423,500 on 2/18/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 1/15/2047 and the market value of those underlying securities was $360,514,260. | 350,000,000 | |
500,000,000 | Repurchase agreement, 0.040% dated 1/29/2021 under which Fixed Income Clearing Corporation will repurchase the securities provided as collateral for $500,001,667 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency Securities with various maturities to 11/5/2027 and the market value of those underlying securities was $510,000,073. | 500,000,000 | |
25,000,000 | Repurchase agreement, 0.050% dated 1/29/2021 under which HSBC Securities (USA), Inc will repurchase the securities provided as collateral for $25,000,104 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 11/1/2050 and the market value of those underlying securities was $25,500,000. | 25,000,000 | |
200,000,000 | Repurchase agreement, 0.060% dated 1/29/2021 under which Natixis Financial Products LLC will repurchase the securities provided as collateral for $200,001,000 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency with various maturities to 5/15/2021 and the market value of those underlying securities was $204,894,580. | 200,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS—continued | |||
$25,000,000 | Repurchase agreement, 0.060% dated 1/29/2021 under which Wells Fargo Securities LLC will repurchase the securities provided as collateral for $25,000,125 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency Securities with various maturities to 4/30/2023 and the market value of those underlying securities was $25,500,202. | $25,000,000 | |
500,000,000 | Repurchase agreement, 0.060% dated 1/29/2021 under which Wells Fargo Securities LLC will repurchase the securities provided as collateral for $500,002,500 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency and U.S Treasury Securities with various maturities to 2/1/2051 and the market value of those underlying securities was $510,003,429 | 500,000,000 | |
TOTAL REPURCHASE AGREEMENTS | 4,729,601,000 | ||
TOTAL INVESTMENT IN SECURITIES—98.9% (AT AMORTIZED COST)3 | 11,684,009,731 | ||
OTHER ASSETS AND LIABILITIES - NET—1.1%4 | 124,107,814 | ||
TOTAL NET ASSETS—100% | $11,808,117,545 |
LIBOR | —London Interbank Offered Rate |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.006 | 0.015 | 0.006 | 0.0001 | — |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.006 | 0.015 | 0.006 | 0.0001 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.006) | (0.015) | (0.006) | (0.000)1 | — |
Distributions from net realized gain | (0.000)1 | — | — | (0.000)1 | (0.000)1 | — |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.006) | (0.015) | (0.006) | (0.000)1 | — |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.61% | 1.47% | 0.56% | 0.02% | 0.00%3 |
Ratios to Average Net Assets: | ||||||
Net expenses4,5 | 0.16%6 | 0.64% | 0.87% | 0.87% | 0.65% | 0.40% |
Net investment income | 0.01%6 | 0.54% | 1.48% | 0.54% | 0.02% | 0.00% |
Expense waiver/reimbursement7 | 0.85%6 | 0.41% | 0.14% | 0.15% | 0.37% | 0.62% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $159,416 | $150,878 | $103,120 | $73,428 | $87,623 | $89,786 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31 | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.004 | 0.011 | 0.002 | 0.0001 | — |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.004 | 0.011 | 0.002 | 0.0001 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.004) | (0.011) | (0.002) | — | — |
Distributions from net realized gain | (0.000)1 | — | — | (0.000)1 | (0.000)1 | — |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.004) | (0.011) | (0.002) | (0.000)1 | — |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.36% | 1.07% | 0.23% | 0.00%3 | 0.00%3 |
Ratios to Average Net Assets: | ||||||
Net expenses4,5 | 0.16%6 | 0.95% | 1.27% | 1.19% | 0.65% | 0.40% |
Net investment income | 0.01%6 | 0.40% | 1.07% | 0.20% | 0.00% | 0.00% |
Expense waiver/reimbursement7 | 1.22%6 | 0.43% | 0.11% | 0.17% | 0.74% | 0.99% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,054 | $1,139 | $1,682 | $2,024 | $3,252 | $5,892 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.004 | 0.011 | 0.002 | 0.0001 | — |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.004 | 0.011 | 0.002 | 0.0001 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.004) | (0.011) | (0.002) | — | — |
Distributions from net realized gain | (0.000)1 | — | — | (0.000)1 | (0.000)1 | — |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.004) | (0.011) | (0.002) | (0.000)1 | — |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.38% | 1.08% | 0.23% | 0.00%3 | 0.00%3 |
Ratios to Average Net Assets: | ||||||
Net expenses4,5 | 0.16%6 | 0.69% | 1.26% | 1.20% | 0.68% | 0.40% |
Net investment income | 0.01%6 | 0.22% | 1.09% | 0.19% | 0.00% | 0.00% |
Expense waiver/reimbursement7 | 1.17%6 | 0.65% | 0.08% | 0.16% | 0.69% | 0.97% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $7,784 | $8,299 | $4,505 | $6,007 | $9,963 | $10,783 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.006 | 0.015 | 0.006 | 0.0001 | — |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.006 | 0.015 | 0.006 | 0.0001 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.006) | (0.015) | (0.006) | (0.000)1 | — |
Distributions from net realized gain | (0.000)1 | — | — | (0.000)1 | (0.000)1 | — |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.006) | (0.015) | (0.006) | (0.000)1 | — |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.61% | 1.47% | 0.56% | 0.02% | 0.00%3 |
Ratios to Average Net Assets: | ||||||
Net expenses4,5 | 0.16%6 | 0.62% | 0.87% | 0.87% | 0.62% | 0.40% |
Net investment income | 0.01%6 | 0.53% | 1.49% | 0.54% | 0.02% | 0.00% |
Expense waiver/reimbursement7 | 0.84%6 | 0.42% | 0.16% | 0.16% | 0.42% | 0.63% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,870 | $1,743 | $1,556 | $1,071 | $1,524 | $3,066 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31 | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.005 | 0.013 | 0.004 | 0.0001 | — |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.005 | 0.013 | 0.004 | 0.0001 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.005) | (0.013) | (0.004) | (0.000)1 | — |
Distributions from net realized gain | (0.000)1 | — | — | (0.000)1 | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.005) | (0.013) | (0.004) | (0.000)1 | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.52% | 1.32% | 0.41% | 0.00%3 | 0.00%3 |
Ratios to Average Net Assets: | ||||||
Net expenses4,5 | 0.16%6 | 0.72% | 1.02% | 1.02% | 0.66% | 0.31% |
Net investment income | 0.01%6 | 0.47% | 1.31% | 0.40% | 0.00% | 0.00% |
Expense waiver/reimbursement7 | 1.04%6 | 0.48% | 0.18% | 0.18% | 0.54% | 0.89% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $11,637,993 | $10,706,195 | $8,069,420 | $8,626,983 | $10,580,501 | $12,639,013 |
Assets: | ||
Investment in securities | $6,954,408,731 | |
Investments in repurchase agreements | 4,729,601,000 | |
Investment in securities, at amortized cost and fair value | $11,684,009,731 | |
Cash | 122,892 | |
Receivable for investments sold | 226,300,000 | |
Income receivable | 4,082,959 | |
Receivable for shares sold | 760,296 | |
TOTAL ASSETS | 11,915,275,878 | |
Liabilities: | ||
Payable for investments purchased | 105,679,174 | |
Payable for shares redeemed | 541,182 | |
Payable for administrative fee (Note 4) | 75,709 | |
Payable for investment adviser fee (Note 4) | 3,292 | |
Payable for other service fees (Notes 2 and 4) | 472 | |
Accrued expenses (Note 4) | 858,504 | |
TOTAL LIABILITIES | 107,158,333 | |
Net assets for 11,808,114,247 shares outstanding | $11,808,117,545 | |
Net Assets Consists of: | ||
Paid-in capital | $11,808,113,118 | |
Total distributable earnings | 4,427 | |
TOTAL NET ASSETS | $11,808,117,545 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | ||
Class A Shares: | ||
Net asset value per share ($159,416,172 ÷ 159,416,108 shares outstanding), no par value, unlimited shares authorized | $1.00 | |
Offering price per share | $1.00 | |
Redemption proceeds per share | $1.00 | |
Class B Shares: | ||
Net asset value per share ($1,054,014 ÷ 1,054,014 shares outstanding), no par value, unlimited shares authorized | $1.00 | |
Offering price per share | $1.00 | |
Redemption proceeds per share (94.50/100 of $1.00)1 | $0.95 | |
Class C Shares: | ||
Net asset value per share ($7,784,273 ÷ 7,784,272 shares outstanding), no par value, unlimited shares authorized | $1.00 | |
Offering price per share | $1.00 | |
Redemption proceeds per share (99.00/100 of $1.00)1 | $0.99 | |
Class F Shares: | ||
Net asset value per share ($1,870,404 ÷ 1,870,403 shares outstanding), no par value, unlimited shares authorized | $1.00 | |
Offering price per share | $1.00 | |
Redemption proceeds per share (99.00/100 of $1.00)1 | $0.99 | |
Class P Shares: | ||
Net asset value per share ($11,637,992,682 ÷ 11,637,989,450 shares outstanding), no par value, unlimited shares authorized | $1.00 | |
Offering price per share | $1.00 | |
Redemption proceeds per share | $1.00 |
Investment Income: | |||
Interest | $9,771,782 | ||
Expenses: | |||
Investment adviser fee (Note 4) | $11,404,009 | ||
Administrative fee (Note 4) | 4,446,293 | ||
Custodian fees | 191,269 | ||
Transfer agent fees (Notes 2 and 4) | 5,701,980 | ||
Directors’/Trustees’ fees (Note 4) | 25,420 | ||
Auditing fees | 11,493 | ||
Legal fees | 5,353 | ||
Distribution services fee (Note 4) | 31,290,997 | ||
Other service fees (Notes 2 and 4) | 14,153,255 | ||
Portfolio accounting fees | 97,237 | ||
Share registration costs | 451,258 | ||
Printing and postage | 321,590 | ||
Miscellaneous (Note 4) | 20,625 | ||
TOTAL EXPENSES | 68,120,779 | ||
Waivers, Reimbursements and Reduction: | |||
Waiver of investment adviser fee (Note 4) | $(7,893,243) | ||
Waiver/reimbursement of other operating expenses (Notes 2 and 4) | (51,025,222) | ||
Reduction of custodian fees (Note 5) | (316) | ||
TOTAL WAIVERS, REIMBURSEMENTS AND REDUCTION | (58,918,781) | ||
Net expenses | 9,201,998 | ||
Net investment income | 569,784 | ||
Net realized gain on investments | 4,427 | ||
Change in net assets resulting from operations | $574,211 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended 7/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $569,784 | $45,625,238 |
Net realized gain | 4,427 | 24,216 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 574,211 | 45,649,454 |
Distributions to Shareholders: | ||
Class A Shares | (7,727) | (694,231) |
Class B Shares | (54) | (5,236) |
Class C Shares | (435) | (17,672) |
Class F Shares | (96) | (9,320) |
Class P Shares | (583,880) | (44,898,751) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (592,192) | (45,625,210) |
Share Transactions: | ||
Proceeds from sale of shares | 3,888,541,681 | 8,572,744,710 |
Net asset value of shares issued to shareholders in payment of distributions declared | 578,206 | 44,341,265 |
Cost of shares redeemed | (2,949,238,142) | (5,929,139,320) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 939,881,745 | 2,687,946,655 |
Change in net assets | 939,863,764 | 2,687,970,899 |
Net Assets: | ||
Beginning of period | 10,868,253,781 | 8,180,282,882 |
End of period | $11,808,117,545 | $10,868,253,781 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Class A Shares | $15,883 | $(4,887) | $(9,397) |
Class B Shares | 443 | (431) | — |
Class C Shares | 1,609 | (769) | (751) |
Class F Shares | 264 | (100) | (145) |
Class P Shares | 5,683,781 | (1,790,790) | (3,773,777) |
TOTAL | $5,701,980 | $(1,796,977) | $(3,784,070) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees waived by Unaffiliated Third Parties | |
Class A Shares | $ 194,201 | $(300) | $(193,901) |
Class B Shares | 1,307 | (1,307) | — |
Class C Shares | 10,175 | — | (10,175) |
Class F Shares | 2,187 | (8) | (2,179) |
Class P Shares | 13,945,385 | — | (13,945,385) |
TOTAL | $14,153,255 | $(1,615) | $(14,151,640) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Class A Shares: | Shares | Amount | Shares | Amount |
Shares sold | 55,634,363 | $55,634,363 | 151,172,174 | $151,172,174 |
Shares issued to shareholders in payment of distributions declared | 7,583 | 7,583 | 678,625 | 678,625 |
Shares redeemed | (47,103,210) | (47,103,210) | (104,093,265) | (104,093,265) |
NET CHANGE RESULTING FROM CLASS A SHARE TRANSACTIONS | 8,538,736 | $8,538,736 | 47,757,534 | $47,757,534 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Class B Shares: | Shares | Amount | Shares | Amount |
Shares sold | 293,212 | $293,212 | 938,157 | $938,157 |
Shares issued to shareholders in payment of distributions declared | 51 | 51 | 5,210 | 5,210 |
Shares redeemed | (378,603) | (378,603) | (1,486,180) | (1,486,180) |
NET CHANGE RESULTING FROM CLASS B SHARE TRANSACTIONS | (85,340) | $(85,340) | (542,813) | $(542,813) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Class C Shares: | Shares | Amount | Shares | Amount |
Shares sold | 3,903,364 | $3,903,364 | 20,152,713 | $20,152,713 |
Shares issued to shareholders in payment of distributions declared | 431 | 431 | 17,553 | 17,553 |
Shares redeemed | (4,418,922) | (4,418,922) | (16,375,485) | (16,375,485) |
NET CHANGE RESULTING FROM CLASS C SHARE TRANSACTIONS | (515,127) | $(515,127) | 3,794,781 | $3,794,781 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Class F Shares: | Shares | Amount | Shares | Amount |
Shares sold | 391,354 | $391,354 | 1,304,633 | $1,304,633 |
Shares issued to shareholders in payment of distributions declared | 68 | 68 | 5,873 | 5,873 |
Shares redeemed | (263,656) | (263,656) | (1,123,997) | (1,123,997) |
NET CHANGE RESULTING FROM CLASS F SHARE TRANSACTIONS | 127,766 | $127,766 | 186,509 | $186,509 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Class P Shares: | Shares | Amount | Shares | Amount |
Shares sold | 3,828,319,388 | $3,828,319,388 | 8,399,177,033 | $8,399,177,033 |
Shares issued to shareholders in payment of distributions declared | 570,073 | 570,073 | 43,634,004 | 43,634,004 |
Shares redeemed | (2,897,073,751) | (2,897,073,751) | (5,806,060,393) | (5,806,060,393) |
NET CHANGE RESULTING FROM CLASS P SHARE TRANSACTIONS | 931,815,710 | $931,815,710 | 2,636,750,644 | $2,636,750,644 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 939,881,745 | $939,881,745 | 2,687,946,655 | $2,687,946,655 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Share Class Name | Percentage of Average Daily Net Assets of Class |
Class A Shares | 0.45% |
Class B Shares | 0.75% |
Class C Shares | 0.75% |
Class F Shares | 0.45% |
Class P Shares | 0.55% |
Distribution Service Fees Incurred | Distribution Services Fees Waived | |
Class A Shares | $ 353,381 | $(353,305) |
Class B Shares | 3,920 | (3,919) |
Class C Shares | 31,590 | (31,590) |
Class F Shares | 4,356 | (4,356) |
Class P Shares | 30,897,750 | (30,897,750) |
TOTAL | $31,290,997 | $(31,290,920) |
Beginning Account Value 8/1/2020 | Ending Account Value 1/31/2021 | Expenses Paid During Period1 | |
Actual: | |||
Class A Shares | $1,000.00 | $1,000.10 | $20.81 |
Class B Shares | $1,000.00 | $1,000.10 | $30.81 |
Class C Shares | $1,000.00 | $1,000.10 | $40.81 |
Class F Shares | $1,000.00 | $1,000.10 | $50.81 |
Class P Shares | $1,000.00 | $1,000.10 | $60.81 |
Hypothetical (assuming a 5% return before expenses): | |||
Class A Shares | $1,000.00 | $1,024.40 | $20.82 |
Class B Shares | $1,000.00 | $1,024.40 | $30.82 |
Class C Shares | $1,000.00 | $1,024.40 | $40.82 |
Class F Shares | $1,000.00 | $1,024.40 | $50.82 |
Class P Shares | $1,000.00 | $1,024.40 | $60.82 |
Class A Shares | 0.16% |
Class B Shares | 0.16% |
Class C Shares | 0.16% |
Class F Shares | 0.16% |
Class P Shares | 0.16% |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 608919536
CUSIP 608919528
CUSIP 608919510
CUSIP 608919205
Share Class | Ticker | Select | GRTXX | Institutional | GOIXX | Service | GOSXX |
Administrative | GOEXX | Cash II | GFYXX | Cash Series | GFSXX | |
Capital | GOCXX | Trust | GORXX | Premier | GOFXX | |
Advisor | GOVXX |
Federated Hermes Government Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Investment Type | Percentage of Total Net Assets |
U.S. Treasury Securities | 39.8% |
U.S. Government Agency Securities | 25.1% |
Repurchase Agreements | 31.6% |
Other Assets and Liabilities—Net2 | 3.5% |
TOTAL | 100% |
1 | See the Fund’s prospectus and Statement of Additional Information for a description of the types of securities in which the Fund invests. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 52.8% |
8-30 Days | 13.9% |
31-90 Days | 11.7% |
91-180 Days | 14.3% |
181 Days or more | 3.8% |
Other Assets and Liabilities—Net2 | 3.5% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
GOVERNMENT AGENCIES— 25.1% | |||
$ 223,000,000 | 1 | Federal Farm Credit System Discount Notes, 0.140% - 0.440%, 2/24/2021 - 7/28/2021 | $222,900,992 |
377,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.085% (Secured Overnight Financing Rate +0.045%), 2/1/2021 | 376,961,974 |
17,600,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.095% (Secured Overnight Financing Rate +0.055%), 2/1/2021 | 17,598,337 |
405,700,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.100% (Secured Overnight Financing Rate +0.060%), 2/1/2021 | 405,700,000 |
145,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.105% (Secured Overnight Financing Rate +0.065%), 2/1/2021 | 145,000,000 |
100,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.110% (Secured Overnight Financing Rate +0.070%), 2/1/2021 | 100,000,000 |
508,200,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.115% (Secured Overnight Financing Rate +0.075%), 2/1/2021 | 508,200,000 |
97,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.120% (Secured Overnight Financing Rate +0.080%), 2/1/2021 | 97,000,000 |
100,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.140% (Secured Overnight Financing Rate +0.100%), 2/1/2021 | 100,000,000 |
128,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.195% (Effective Fed Funds +0.125%), 2/1/2021 | 127,999,395 |
395,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.220% (Secured Overnight Financing Rate +0.180%), 2/1/2021 | 395,000,000 |
714,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.340% (Secured Overnight Financing Rate +0.300%), 2/1/2021 | 714,000,000 |
502,700,000 | Federal Farm Credit System, 0.080% - 0.090%, 12/3/2021 - 12/21/2021 | 502,575,741 | |
2,094,000,000 | 1 | Federal Home Loan Bank System Discount Notes, 0.114% - 0.600%, 2/19/2021 - 4/1/2021 | 2,093,081,805 |
287,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.075% (Secured Overnight Financing Rate +0.035%), 2/1/2021 | 287,000,000 |
650,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.090% (Secured Overnight Financing Rate +0.050%), 2/1/2021 | 650,000,000 |
400,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.095% (Secured Overnight Financing Rate +0.055%), 2/1/2021 | 400,000,000 |
925,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.100% (1-month USLIBOR -0.030%), 2/16/2021 - 2/24/2021 | 925,000,000 |
742,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.100% (Secured Overnight Financing Rate +0.060%), 2/1/2021 | 742,000,000 |
540,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.105% (Secured Overnight Financing Rate +0.065%), 2/1/2021 | 540,000,000 |
925,750,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.115% (Secured Overnight Financing Rate +0.075%), 2/1/2021 | 925,750,000 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES— continued | |||
$1,168,500,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.120% (Secured Overnight Financing Rate +0.080%), 2/1/2021 | $1,168,500,000 |
472,200,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.125% (Secured Overnight Financing Rate +0.085%), 2/1/2021 | 472,210,017 |
575,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.130% (Secured Overnight Financing Rate +0.090%), 2/1/2021 | 575,000,000 |
185,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.140% (Secured Overnight Financing Rate +0.100%), 2/1/2021 | 185,000,000 |
349,500,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.149% (1-month USLIBOR +0.020%), 2/19/2021 | 349,500,000 |
447,750,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.155% (Secured Overnight Financing Rate +0.115%), 2/1/2021 | 447,750,000 |
679,400,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.160% (Secured Overnight Financing Rate +0.120%), 2/1/2021 | 679,400,000 |
405,800,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.168% (1-month USLIBOR +0.040%), 2/17/2021 | 405,800,000 |
200,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.175% (Secured Overnight Financing Rate +0.135%), 2/1/2021 | 200,000,000 |
476,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.190% (Secured Overnight Financing Rate +0.150%), 2/1/2021 | 476,000,000 |
344,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.210% (Secured Overnight Financing Rate +0.170%), 2/1/2021 | 344,006,120 |
652,500,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.270% (Secured Overnight Financing Rate +0.230%), 2/1/2021 | 652,500,000 |
2,386,120,000 | Federal Home Loan Bank System, 0.090% - 2.375%, 3/3/2021 - 10/26/2021 | 2,387,051,627 | |
565,000,000 | 2 | Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.100% (Secured Overnight Financing Rate +0.060%), 2/1/2021 | 565,000,000 |
627,000,000 | 2 | Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.105% (Secured Overnight Financing Rate +0.065%), 2/1/2021 | 627,000,000 |
304,000,000 | 2 | Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.130% (Secured Overnight Financing Rate +0.090%), 2/1/2021 | 304,000,000 |
144,000,000 | 2 | Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.190% (Secured Overnight Financing Rate +0.150%), 2/1/2021 | 143,952,506 |
156,000,000 | 2 | Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.240% (Secured Overnight Financing Rate +0.200%), 2/1/2021 | 156,000,000 |
853,500,000 | 2 | Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.310% (Secured Overnight Financing Rate +0.270%), 2/1/2021 | 853,500,000 |
27,747,000 | Federal Home Loan Mortgage Corp. Notes, 2.375%, 2/16/2021 | 27,772,161 | |
302,250,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.210% (Secured Overnight Financing Rate +0.170%), 2/1/2021 | 302,250,000 |
518,000,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.220% (Secured Overnight Financing Rate +0.180%), 2/1/2021 | 518,000,000 |
330,000,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.230% (Secured Overnight Financing Rate +0.190%), 2/1/2021 | 329,956,045 |
333,800,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.240% (Secured Overnight Financing Rate +0.200%), 2/1/2021 | 333,800,000 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES— continued | |||
$ 820,000,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.260% (Secured Overnight Financing Rate +0.220%), 2/1/2021 | $820,000,000 |
59,000,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.270% (Secured Overnight Financing Rate +0.230%), 2/1/2021 | 59,000,000 |
657,300,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.310% (Secured Overnight Financing Rate +0.270%), 2/1/2021 | 657,300,000 |
200,000,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.330% (Secured Overnight Financing Rate +0.290%), 2/1/2021 | 200,000,000 |
455,500,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.350% (Secured Overnight Financing Rate +0.310%), 2/1/2021 | 455,500,000 |
666,050,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.360% (Secured Overnight Financing Rate +0.320%), 2/1/2021 | 666,105,835 |
311,000,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.430% (Secured Overnight Financing Rate +0.390%), 2/1/2021 | 311,000,000 |
273,382,000 | 2 | Housing and Urban Development Floating Rate Notes, 0.437% (3-month USLIBOR +0.200%), 2/1/2021 | 273,382,000 |
TOTAL GOVERNMENT AGENCIES | 26,222,004,555 | ||
U.S. TREASURIES— 39.8% | |||
U.S. Treasury Bills—34.4% | |||
3,019,202,500 | 1 | United States Treasury Bills, 0.070% - 0.125%, 3/11/2021 | 3,018,849,593 |
550,000,000 | 1 | United States Treasury Bills, 0.085%, 5/11/2021 | 549,871,438 |
865,000,000 | 1 | United States Treasury Bills, 0.085% - 0.110%, 5/6/2021 | 864,776,032 |
950,000,000 | 1 | United States Treasury Bills, 0.090%, 5/4/2021 | 949,781,500 |
666,700,000 | 1 | United States Treasury Bills, 0.090%, 5/18/2021 | 666,523,324 |
822,100,000 | 1 | United States Treasury Bills, 0.090%, 5/25/2021 | 821,867,757 |
420,000,000 | 1 | United States Treasury Bills, 0.090%, 6/17/2021 | 419,857,200 |
1,072,000,000 | 1 | United States Treasury Bills, 0.090%, 6/22/2021 | 1,071,622,120 |
1,180,000,000 | 1 | United States Treasury Bills, 0.090%, 6/29/2021 | 1,179,563,400 |
894,200,000 | 1 | United States Treasury Bills, 0.090%, 7/8/2021 | 893,849,026 |
815,400,000 | 1 | United States Treasury Bills, 0.090%, 7/15/2021 | 815,065,686 |
579,500,000 | 1 | United States Treasury Bills, 0.090% - 0.092%, 6/24/2021 | 579,290,525 |
1,416,000,000 | 1 | United States Treasury Bills, 0.090% - 0.100%, 5/20/2021 | 1,415,608,049 |
521,000,000 | 1 | United States Treasury Bills, 0.095%, 2/4/2021 | 520,995,875 |
937,000,000 | 1 | United States Treasury Bills, 0.095%, 6/1/2021 | 936,703,283 |
317,000,000 | 1 | United States Treasury Bills, 0.095%, 7/22/2021 | 316,856,953 |
1,038,450,000 | 1 | United States Treasury Bills, 0.100%, 3/2/2021 | 1,038,366,347 |
1,051,450,000 | 1 | United States Treasury Bills, 0.100%, 7/1/2021 | 1,051,011,893 |
1,355,000,000 | 1 | United States Treasury Bills, 0.100% - 0.110%, 2/23/2021 | 1,354,910,471 |
1,020,370,000 | 1 | United States Treasury Bills, 0.100% - 0.120%, 2/11/2021 | 1,020,340,962 |
552,000,000 | 1 | United States Treasury Bills, 0.105%, 3/9/2021 | 551,942,040 |
170,000,000 | 1 | United States Treasury Bills, 0.105%, 4/1/2021 | 169,970,746 |
541,775,000 | 1 | United States Treasury Bills, 0.105%, 4/13/2021 | 541,662,807 |
271,400,000 | 1 | United States Treasury Bills, 0.110%, 5/13/2021 | 271,316,243 |
Principal Amount | Value | ||
U.S. TREASURIES— continued | |||
U.S. Treasury Bills—34.4% | |||
$ 710,000,000 | 1 | United States Treasury Bills, 0.110%, 12/2/2021 | $709,340,490 |
883,000,000 | 1 | United States Treasury Bills, 0.111% - 0.120%, 2/18/2021 | 882,951,026 |
3,048,000,000 | 1 | United States Treasury Bills, 0.115%, 3/4/2021 | 3,047,698,163 |
1,549,000,000 | 1 | United States Treasury Bills, 0.120%, 2/9/2021 | 1,548,958,693 |
3,900,000,000 | 1 | United States Treasury Bills, 0.120%, 2/25/2021 | 3,899,687,998 |
471,150,000 | 1 | United States Treasury Bills, 0.120%, 3/18/2021 | 471,079,327 |
1,220,000,000 | 1 | United States Treasury Bills, 0.120% - 0.125%, 2/16/2021 | 1,219,937,958 |
225,000,000 | 1 | United States Treasury Bills, 0.140%, 10/7/2021 | 224,782,999 |
1,111,000,000 | 2 | United States Treasury Floating Rate Notes, 0.135% (91-day T-Bill +0.055%), 2/2/2021 | 1,111,006,283 |
530,000,000 | 2 | United States Treasury Floating Rate Notes, 0.137% (91-day T-Bill +0.049%), 2/2/2021 | 530,000,000 |
703,500,000 | 2 | United States Treasury Floating Rate Notes, 0.219% (91-day T-Bill +0.139%), 2/2/2021 | 703,487,327 |
125,800,000 | 2 | United States Treasury Floating Rate Notes, 0.234% (91-day T-Bill +0.154%), 2/2/2021 | 125,800,000 |
374,000,000 | 2 | United States Treasury Floating Rate Notes, 0.380% (91-day T-Bill +0.300%), 2/2/2021 | 374,223,668 |
TOTAL | 35,869,557,202 | ||
U.S. Treasury Bonds—0.1% | |||
100,000,000 | United States Treasury Bonds, 8.125%, 5/15/2021 | 102,284,654 | |
U.S. Treasury Notes—5.3% | |||
414,250,000 | United States Treasury Notes, 1.125% - 2.500%, 2/28/2021 | 414,531,251 | |
590,000,000 | United States Treasury Notes, 1.250%, 10/31/2021 | 595,010,826 | |
311,731,000 | United States Treasury Notes, 1.250% - 2.250%, 3/31/2021 | 312,466,793 | |
706,250,000 | United States Treasury Notes, 1.375% - 2.250%, 4/30/2021 | 709,487,897 | |
118,000,000 | United States Treasury Notes, 1.500%, 8/31/2021 | 118,928,934 | |
100,000,000 | United States Treasury Notes, 1.500%, 11/30/2021 | 101,155,991 | |
184,000,000 | United States Treasury Notes, 2.000%, 12/31/2021 | 187,189,730 | |
300,000,000 | United States Treasury Notes, 2.125%, 5/31/2021 | 301,952,446 | |
150,000,000 | United States Treasury Notes, 2.125%, 8/15/2021 | 151,619,493 | |
402,500,000 | United States Treasury Notes, 2.250%, 2/15/2021 | 402,711,008 | |
208,500,000 | United States Treasury Notes, 2.375%, 3/15/2021 | 209,047,591 | |
767,200,000 | United States Treasury Notes, 2.375%, 4/15/2021 | 770,306,156 | |
156,000,000 | United States Treasury Notes, 2.625%, 7/15/2021 | 157,781,549 | |
516,000,000 | United States Treasury Notes, 2.625% - 3.125%, 5/15/2021 | 519,957,685 | |
575,000,000 | United States Treasury Notes, 2.875%, 11/15/2021 | 587,474,263 | |
TOTAL | 5,539,621,613 | ||
TOTAL U.S. TREASURIES | 41,511,463,469 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— 31.6% | |||
$ 615,000,000 | Interest in $675,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which ABN Amro Bank N.V., Netherlands will repurchase securities provided as collateral for $675,003,375 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 12/1/2050 and the market value of those underlying securities was $692,586,420. | $615,000,000 | |
1,000,000,000 | Repurchase agreement 0.05%, dated 1/29/2021 under which Australia & New Zealand Banking Group, Melbourne, will repurchase securities provided as collateral for $1,000,004,167 on 2/1/2021. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. were U.S. Treasury securities with various maturities to 8/15/2049 and the market value of those underlying securities was $1,024,746,978. | 1,000,000,000 | |
1,047,195,000 | Interest in $1,200,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Bank of America, N.A. will repurchase securities provided as collateral for $1,200,006,000 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities maturing on 7/20/2050 and the market value of those underlying securities was $1,224,006,121. | 1,047,195,000 | |
200,000,000 | Interest in $250,000,000 joint repurchase agreement 0.11%, dated 12/17/2020 under which Bank of Montreal will repurchase securities provided as collateral for $250,068,750 on 3/17/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/1/2051 and the market value of those underlying securities was $255,035,842. | 200,000,000 | |
75,000,000 | Interest in $100,000,000 joint repurchase agreement 0.11%, dated 1/6/2021 under which Bank of Montreal will repurchase securities provided as collateral for $100,027,500 on 4/6/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/1/2051 and the market value of those underlying securities was $102,008,926. | 75,000,000 | |
350,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which Barclays Bank PLC will repurchase securities provided as collateral for $350,001,167 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities maturing on 11/30/2024 and the market value of those underlying securities was $357,001,281. | 350,000,000 | |
700,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.10%, dated 1/4/2021 under which Barclays Bank PLC will repurchase securities provided as collateral for $1,000,083,333 on 2/4/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2045 and the market value of those underlying securities was $1,020,085,100. | 700,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 250,000,000 | Interest in $500,000,000 joint repurchase agreement 0.10%, dated 1/12/2021 under which Barclays Bank PLC will repurchase securities provided as collateral for $500,041,667 on 2/12/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 1/1/2051 and the market value of those underlying securities was $510,042,500. | $250,000,000 | |
650,000,000 | Interest in $1,250,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which BMO Capital Markets Corp. will repurchase securities provided as collateral for $1,250,006,250 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 1/20/2071 and the market value of those underlying securities was $1,282,188,966. | 650,000,000 | |
699,000,000 | Interest in $1,950,000,000 joint repurchase agreement 0.04%, dated 1/29/2021 under which BNP Paribas S.A. will repurchase securities provided as collateral for $1,950,006,500 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2049 and the market value of those underlying securities was $1,989,006,630. | 699,000,000 | |
100,000,000 | Repurchase agreement 0.05%, dated 1/29/2021 under which BNP Paribas S.A. will repurchase securities provided as collateral for $100,000,417 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2029 and the market value of those underlying securities was $102,000,445. | 100,000,000 | |
1,793,000,000 | Repurchase agreement 0.06%, dated 1/29/2021 under which BNP Paribas S.A. will repurchase securities provided as collateral for $1,793,008,965 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 9/30/2022 and the market value of those underlying securities was $1,828,869,145. | 1,793,000,000 | |
1,500,000,000 | Repurchase agreement 0.06%, dated 1/29/2021 under which BNP Paribas S.A. will repurchase securities provided as collateral for $1,500,007,500 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 2/20/2069 and the market value of those underlying securities was $1,530,007,654. | 1,500,000,000 | |
1,000,000,000 | Interest in $2,000,000,000 joint repurchase agreement 0.08%, dated 1/29/2021 under which BNP Paribas S.A. will repurchase securities provided as collateral for $2,000,142,222 on 3/2/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2049 and the market value of those underlying securities was $2,040,013,623. | 1,000,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 600,000,000 | Interest in $1,150,000,000 joint repurchase agreement 0.10%, dated 12/17/2020 under which BNP Paribas S.A. will repurchase securities provided as collateral for $1,150,194,861 on 2/16/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2048 and the market value of those underlying securities was $1,173,149,892. | $600,000,000 | |
350,000,000 | Repurchase agreement 0.06%, dated 1/29/2021 under which BofA Securities, Inc. will repurchase securities provided as collateral for $350,001,750 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 1/1/2051 and the market value of those underlying securities was $357,001,785. | 350,000,000 | |
300,000,000 | Interest in $500,000,000 joint repurchase agreement 0.10%, dated 1/22/2021 under which BofA Securities, Inc. will repurchase securities provided as collateral for $500,044,444 on 2/23/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/1/2051 and the market value of those underlying securities was $510,014,167. | 300,000,000 | |
500,000,000 | Repurchase agreement 0.10%, dated 1/25/2021 under which BofA Securities, Inc. will repurchase securities provided as collateral for $500,041,667 on 2/24/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/1/2051 and the market value of those underlying securities was $510,009,917. | 500,000,000 | |
970,000,000 | Interest in $2,000,000,000 joint repurchase agreement 0.10%, dated 1/8/2021 under which CIBC World Markets Corp. will repurchase securities provided as collateral for $2,000,172,222 on 2/8/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2050 and the market value of those underlying securities was $2,040,175,668. | 970,000,000 | |
1,000,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $1,000,003,333 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 8/20/2070 and the market value of those underlying securities was $1,020,077,764. | 1,000,000,000 | |
1,250,000,000 | Interest in $1,750,000,000 joint repurchase agreement 0.07%, dated 3/4/2020 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $1,750,023,819 on 2/11/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 3/20/2050 and the market value of those underlying securities was $1,785,013,473. | 1,250,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 650,000,000 | Interest in $1,150,000,000 joint repurchase agreement 0.11%, dated 1/19/2021 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $1,150,105,417 on 2/18/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 7/20/2050 and the market value of those underlying securities was $1,173,046,645. | $650,000,000 | |
300,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.04%, dated 1/29/2021 under which Credit Agricole Corporate and Investment Bank, will repurchase securities provided as collateral for $1,000,003,333 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2030 and the market value of those underlying securities was $1,020,003,460. | 300,000,000 | |
525,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.10%, dated 1/4/2021 under which Credit Agricole Corporate and Investment Bank, will repurchase securities provided as collateral for $1,000,086,111 on 2/4/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2029 and the market value of those underlying securities was $1,020,079,431. | 525,000,000 | |
500,000,000 | Repurchase agreement 0.06%, dated 1/29/2021 under which Fixed Income Clearing Corporation will repurchase securities provided as collateral for $500,002,500 on 2/1/2021. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co., were U.S. Treasury securities with various maturities to 4/15/2021 and the market value of those underlying securities was $509,994,064. | 500,000,000 | |
1,000,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $1,000,003,333 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 6/30/2027 and the market value of those underlying securities was $1,020,000,012. | 1,000,000,000 | |
3,200,000,545 | Repurchase agreement 0.06%, dated 1/29/2021 under which Fixed Income Clearing Corporation will repurchase securities provided as collateral for $3,200,016,545 on 2/1/2021. The securities provided as collateral at the end of the period held with JPMorgan Chase as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2040 and the market value of those underlying securities was $3,264,847,944. | 3,200,000,545 | |
100,000,000 | Repurchase agreement 0.05%, dated 1/29/2021 under which HSBC Securities (USA), Inc. will repurchase securities provided as collateral for $100,000,417 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 10/1/2050 and the market value of those underlying securities was $102,000,000. | 100,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 390,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which ING Financial Markets LLC will repurchase securities provided as collateral for $390,001,300 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/1/2051 and the market value of those underlying securities was $398,215,878. | $390,000,000 | |
650,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.04%, dated 1/29/2021 under which ING Financial Markets LLC will repurchase securities provided as collateral for $1,000,003,333 on 2/1/2021. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co., were U.S. Treasury securities with various maturities to 11/15/2048 and the market value of those underlying securities was $1,031,697,114. | 650,000,000 | |
100,000,000 | Repurchase agreement 0.06%, dated 1/29/2021 under which ING Financial Markets LLC will repurchase securities provided as collateral for $100,000,500 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 1/1/2051 and the market value of those underlying securities was $102,000,510. | 100,000,000 | |
1,000,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which J.P. Morgan Securities LLC will repurchase securities provided as collateral for $1,000,003,333 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 9/30/2025 and the market value of those underlying securities was $1,020,000,018. | 1,000,000,000 | |
450,002,300 | Repurchase agreement 0.04%, dated 1/29/2021 under which Metropolitan Life Insurance Co. will repurchase securities provided as collateral for $450,003,800 on 2/1/2021. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co., were U.S. Treasury securities with various maturities to 5/15/2040 and the market value of those underlying securities was $462,159,101. | 450,002,300 | |
122,358,000 | Interest in $315,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Mizuho Securities USA, Inc. will repurchase securities provided as collateral for $315,001,575 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/1/2051 and the market value of those underlying securities was $321,301,608. | 122,358,000 | |
500,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $500,001,667 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2049 and the market value of those underlying securities was $510,001,704. | 500,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$1,590,000,000 | Interest in $2,150,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $2,150,010,750 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 7/15/2061 and the market value of those underlying securities was $2,199,316,441. | $1,590,000,000 | |
900,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $900,003,000 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2049 and the market value of those underlying securities was $918,003,149. | 900,000,000 | |
500,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.08%, dated 1/29/2021 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $1,000,068,889 on 3/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2050 and the market value of those underlying securities was $1,020,006,868. | 500,000,000 | |
1,000,000,000 | Interest in $1,500,000,000 joint repurchase agreement 0.10%, dated 1/4/2021 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $1,500,379,167 on 4/5/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2050 and the market value of those underlying securities was $1,530,119,035. | 1,000,000,000 | |
1,250,000,000 | Interest in $2,500,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Nomura Securities International, Inc. will repurchase securities provided as collateral for $2,500,012,500 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 3/20/2069 and the market value of those underlying securities was $2,550,000,001. | 1,250,000,000 | |
132,000,000 | Interest in $300,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Pershing LLC will repurchase securities provided as collateral for $300,001,500 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 1/20/2070 and the market value of those underlying securities was $306,034,361. | 132,000,000 | |
325,914,242 | Repurchase agreement 0.08%, dated 1/29/2021 under which Prudential Insurance Co. of America will repurchase securities provided as collateral for $325,916,415 on 2/1/2021. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co., were U.S. Government Agency and U.S. Treasury securities with various maturities to 10/1/2048 and the market value of those underlying securities was $332,510,859. | 325,914,242 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 136,042,250 | Repurchase agreement 0.07%, dated 1/29/2021 under which Prudential Legacy Insurance Co. of NJ will repurchase securities provided as collateral for $136,043,044 on 2/1/2021. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co., were U.S. Treasury securities with various maturities to 5/15/2030 and the market value of those underlying securities was $138,932,926. | $136,042,250 | |
750,000,000 | Interest in $2,000,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Royal Bank of Canada, New York Branch will repurchase securities provided as collateral for $2,000,010,000 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 12/1/2050 and the market value of those underlying securities was $2,040,016,807. | 750,000,000 | |
300,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.04%, dated 1/29/2021 under which Standard Chartered Bank will repurchase securities provided as collateral for $1,000,003,333 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2050 and the market value of those underlying securities was $1,017,287,540. | 300,000,000 | |
750,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $750,002,500 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities maturing on 8/15/2024 and the market value of those underlying securities was $765,002,651. | 750,000,000 | |
842,134,000 | Interest in $2,000,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $2,000,010,000 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 11/20/2049 and the market value of those underlying securities was $2,040,010,200. | 842,134,000 | |
75,000,000 | Repurchase agreement 0.06%, dated 1/29/2021 under which Wells Fargo Securities LLC will repurchase securities provided as collateral for $75,000,375 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 2/1/2051 and the market value of those underlying securities was $76,501,064. | 75,000,000 | |
TOTAL REPURCHASE AGREEMENTS | 32,987,646,337 | ||
TOTAL INVESTMENT IN SECURITIES—96.5% (AT AMORTIZED COST)3 | 100,721,114,361 | ||
OTHER ASSETS AND LIABILITIES - NET—3.5%4 | 3,606,779,006 | ||
TOTAL NET ASSETS—100% | $104,327,893,367 |
1 | Discount rate at time of purchase. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. |
3 | Also represents cost for federal tax purposes. |
4 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
LIBOR | —London Interbank Offered Rate |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | Period Ended 7/31/20162 | ||||
2020 | 2019 | 2018 | 2017 | |||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0003 | 0.012 | 0.012 | 0.003 | 0.001 | 0.0003 |
Net realized gain (loss) | 0.0003 | (0.001) | (0.000)3 | 0.0003 | 0.0003 | 0.0003 |
Total From Investment Operations | 0.0003 | 0.011 | 0.012 | 0.003 | 0.001 | 0.0003 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)3 | (0.011) | (0.012) | (0.003) | (0.001) | (0.000)3 |
Distributions from net realized gain | — | (0.000)3 | — | (0.000)3 | (0.000)3 | — |
Total Distributions | (0.000)3 | (0.011) | (0.012) | (0.003) | (0.001) | (0.000)3 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return4 | 0.01% | 1.12% | 1.23% | 0.31% | 0.01% | 0.00%5 |
Ratios to Average Net Assets: | ||||||
Net expenses6 | 0.16%7 | 0.17% | 1.15% | 1.11% | 0.68% | 0.42%7 |
Net investment income | 0.02%7 | 0.74% | 1.21% | 0.24% | 0.01% | 0.01%7 |
Expense waiver/reimbursement8 | 0.14%7 | 0.14% | 0.13% | 0.17% | 0.58% | 0.85%7 |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $7,875,962 | $7,328,261 | $3,307 | $2,365 | $5,259 | $11 |
1 | Effective August 1, 2019, the Class R Shares were re-designated as Select Shares. |
2 | Reflects operations for the period from February 1, 2016 (date of initial investment) to July 31, 2016. |
3 | Represents less than $0.001. |
4 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
5 | Represents less than 0.01%. |
6 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
7 | Computed on an annualized basis. |
8 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.011 | 0.021 | 0.013 | 0.001 | 0.001 |
Net realized gain (loss) | 0.0001 | (0.000)1 | (0.000)1 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.011 | 0.021 | 0.013 | 0.001 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.011) | (0.021) | (0.013) | (0.001) | (0.001) |
Distributions from net realized gain | — | (0.000)1 | — | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.011) | (0.021) | (0.013) | (0.001) | (0.001) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 1.09% | 2.17% | 1.26% | 0.47% | 0.13% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.17%4 | 0.19% | 0.19% | 0.19% | 0.18% | 0.19% |
Net investment income | 0.01%4 | 0.97% | 2.15% | 1.24% | 0.47% | 0.13% |
Expense waiver/ reimbursement5 | 0.16%4 | 0.15% | 0.14% | 0.15% | 0.16% | 0.15% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $22,035,588 | $29,928,127 | $23,667,498 | $23,308,693 | $26,390,917 | $23,378,298 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.009 | 0.019 | 0.010 | 0.001 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.009 | 0.019 | 0.010 | 0.0011 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.009) | (0.019) | (0.010) | (0.001) | (0.000)1 |
Distributions from net realized gain | — | (0.000)1 | — | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.009) | (0.019) | (0.010) | (0.001) | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.91% | 1.94% | 1.03% | 0.23% | 0.01% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.17%4 | 0.38% | 0.42% | 0.41% | 0.42% | 0.30% |
Net investment income | 0.01%4 | 0.83% | 1.93% | 1.02% | 0.23% | 0.01% |
Expense waiver/ reimbursement5 | 0.37%4 | 0.17% | 0.13% | 0.13% | 0.15% | 0.27% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $12,196,517 | $12,300,069 | $10,249,258 | $7,828,028 | $8,078,425 | $7,620,524 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | Period Ended 7/31/20181 | ||
2020 | 2019 | |||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||
Net investment income | 0.005 | 0.009 | 0.019 | 0.009 |
Net realized gain (loss) | (0.005) | (0.000)2 | (0.000)2 | — |
Total From Investment Operations | 0.0002 | 0.009 | 0.019 | 0.009 |
Less Distributions: | ||||
Distributions from net investment income | (0.000)2 | (0.009) | (0.019) | (0.009) |
Distributions from net realized gain | — | (0.000)2 | — | — |
Total Distributions | (0.000)2 | (0.009) | (0.019) | (0.009) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return3 | 0.01% | 0.88% | 1.90% | 0.91% |
Ratios to Average Net Assets: | ||||
Net Expenses4 | 0.20%5 | 0.41% | 0.45% | 0.45%5 |
Net investment income | 0.01%5 | 0.89% | 1.97% | 1.23%5 |
Expense waiver/reimbursement6 | 0.38%5 | 0.18% | 0.13% | 0.15%5 |
Supplemental Data: | ||||
Net assets, end of period (000 omitted) | $271 | $253,981 | $176,438 | $12,413 |
1 | Reflects operations for the period from September 28, 2017 (date of initial investment) to July 31, 2018. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.006 | 0.015 | 0.006 | 0.0001 | 0.0001, 2 |
Net realized gain (loss) | 0.0001 | 0.0001 | (0.000)1 | (0.000)1 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.006 | 0.015 | 0.006 | 0.0001 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.006) | (0.015) | (0.006) | (0.000)1 | (0.000)1 |
Distributions from net realized gain | — | (0.000)1 | — | (0.000)1 | (0.000)1 | — |
Total Distributions | (0.000)1 | (0.006) | (0.015) | (0.006) | (0.000)1 | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return3 | 0.01% | 0.63% | 1.51% | 0.60% | 0.03% | 0.01% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.17%5 | 0.64% | 0.84% | 0.84% | 0.60% | 0.39% |
Net investment income | 0.01%5 | 0.61% | 1.51% | 0.60% | 0.03% | 0.01% |
Expense waiver/reimbursement6 | 0.77%5 | 0.34% | 0.13% | 0.13% | 0.38% | 0.58% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $692,335 | $599,710 | $534,565 | $494,899 | $474,014 | $610,317 |
1 | Represents less than $0.001. |
2 | Per share numbers have been calculated using the average shares method. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.005 | 0.013 | 0.004 | 0.0001 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | (0.000)1 | (0.000)1 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.005 | 0.013 | 0.004 | 0.0001 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.005) | (0.013) | (0.004) | (0.000)1 | (0.000)1 |
Distributions from net realized gain | — | (0.000)1 | — | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.005) | (0.013) | (0.004) | (0.000)1 | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.54% | 1.35% | 0.39% | 0.01% | 0.01% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.17%4 | 0.71% | 1.00% | 1.05% | 0.59% | 0.32% |
Net investment income | 0.01%4 | 0.48% | 1.35% | 0.31% | 0.01% | 0.01% |
Expense waiver/reimbursement5 | 1.00%4 | 0.47% | 0.18% | 0.18% | 0.64% | 0.92% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $297,531 | $349,935 | $259,284 | $96,724 | $203,670 | $350,278 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.010 | 0.020 | 0.011 | 0.001 | 0.001 |
Net realized gain (loss) | 0.0001 | (0.000)1 | (0.000)1 | (0.000)1 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.010 | 0.020 | 0.011 | 0.001 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.010) | (0.020) | (0.011) | (0.001) | (0.001) |
Distributions from net realized gain | — | (0.000)1 | — | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.010) | (0.020) | (0.011) | (0.001) | (0.001) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.99% | 2.05% | 1.14% | 0.36% | 0.06% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.17%4 | 0.30% | 0.30% | 0.30% | 0.29% | 0.25% |
Net investment income | 0.01%4 | 0.94% | 2.04% | 1.15% | 0.38% | 0.06% |
Expense waiver/reimbursement5 | 0.26%4 | 0.14% | 0.13% | 0.13% | 0.14% | 0.18% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $2,999,190 | $3,454,165 | $3,399,696 | $3,078,850 | $2,568,978 | $995,373 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.007 | 0.017 | 0.008 | 0.0001 | 0.0001 |
Net realized gain (loss) | 0.0001 | (0.000)1 | (0.000)1 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.007 | 0.017 | 0.008 | 0.0001 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.007) | (0.017) | (0.008) | (0.000)1 | (0.000)1 |
Distributions from net realized gain | — | (0.000)1 | — | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.007) | (0.017) | (0.008) | (0.000)1 | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.73% | 1.67% | 0.76% | 0.09% | 0.01% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.17%4 | 0.54% | 0.69% | 0.68% | 0.56% | 0.30% |
Net investment income | 0.01%4 | 0.66% | 1.71% | 0.74% | 0.09% | 0.01% |
Expense waiver/reimbursement5 | 0.66%4 | 0.29% | 0.13% | 0.13% | 0.25% | 0.54% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $3,658,132 | $3,303,066 | $2,472,153 | $597,348 | $1,255,471 | $1,080,216 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.011 | 0.022 | 0.013 | 0.001 | 0.002 |
Net realized gain (loss) | 0.0001 | 0.0001 | (0.000)1 | (0.000)1 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.011 | 0.022 | 0.013 | 0.001 | 0.002 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.011) | (0.022) | (0.013) | (0.001) | (0.002) |
Distributions from net realized gain | — | (0.000)1 | — | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.011) | (0.022) | (0.013) | (0.001) | (0.002) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.02% | 1.14% | 2.21% | 1.29% | 0.51% | 0.16% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.15%4 | 0.15% | 0.15% | 0.15% | 0.14% | 0.16% |
Net investment income | 0.03%4 | 0.96% | 2.20% | 1.28% | 0.52% | 0.20% |
Expense waiver/ reimbursement5 | 0.13%4 | 0.14% | 0.13% | 0.13% | 0.14% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $53,828,424 | $76,682,858 | $42,873,211 | $29,053,580 | $27,271,620 | $11,385,203 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended 7/31/2020 | Period Ended 7/31/20191 | |
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | |||
Net investment income | 0.0002 | 0.011 | 0.012 |
Net realized gain (loss) | — | 0.0002 | (0.000)2 |
Total From Investment Operations | 0.0002 | 0.011 | 0.012 |
Less Distributions: | |||
Distributions from net investment income | (0.000)2 | (0.011) | (0.012) |
Distributions from net realized gains | — | (0.000)2 | — |
Total Distributions | (0.000)2 | (0.011) | (0.012) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 |
Total Return3 | 0.02% | 1.14% | 1.24% |
Ratios to Average Net Assets: | |||
Net expenses4 | 0.15%5 | 0.15% | 0.15%5 |
Net investment income | 0.03%5 | 0.81% | 2.29%5 |
Expense waiver/reimbursement6 | 0.13%5 | 0.14% | 0.13%5 |
Supplemental Data: | |||
Net assets, end of period (000 omitted) | $743,943 | $1,089 | $356 |
1 | Reflects operations for the period from January 18, 2019 (date of initial investment) to July 31, 2019. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Assets: | |
Investment in repurchase agreements | $32,987,646,337 |
Investment in securities | 67,733,468,024 |
Investment in securities, at amortized cost | 100,721,114,361 |
Cash | 4,656,913,448 |
Income receivable | 48,868,473 |
Receivable for investments sold | 6,000,000 |
Receivable for shares sold | 40,653,390 |
Total Assets | 105,473,549,672 |
Liabilities: | |
Payable for investments purchased | 1,061,549,437 |
Payable for shares redeemed | 79,739,949 |
Income distribution payable | 534,986 |
Payable for investment adviser fee (Note 4) | 366,086 |
Payable for administrative fee (Note 4) | 669,949 |
Payable for other service fees (Notes 2 and 4) | 46,295 |
Accrued expenses (Note 4) | 2,749,603 |
Total Liabilities | 1,145,656,305 |
Net assets for 104,327,650,194 shares outstanding | $104,327,893,367 |
Net Assets Consist of: | |
Paid-in capital | $104,327,668,869 |
Total distributable earnings (loss) | 224,498 |
Total Net Assets | $104,327,893,367 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Select Shares: | |
$7,875,962,175 ÷ 7,875,943,823 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Institutional Shares: | |
$22,035,588,284 ÷ 22,035,536,915 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$12,196,516,690 ÷ 12,196,488,261 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Administrative Shares: | |
$271,328 ÷ 271,327 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$692,334,923 ÷ 692,333,310 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$297,531,188 ÷ 297,530,495 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Capital Shares: | |
$2,999,190,281 ÷ 2,999,183,249 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Trust Shares: | |
$3,658,131,551 ÷ 3,658,123,028 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Premier Shares: | |
$53,828,423,762 ÷ 53,828,298,342 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Advisor Shares: | |
$743,943,185 ÷ 743,941,444 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Investment Income: | |
Interest | $114,324,542 |
Expenses: | |
Investment adviser fee (Note 4) | 124,141,330 |
Administrative fee (Note 4) | 48,391,328 |
Custodian fees | 1,777,262 |
Transfer agent fees (Note 2) | 2,268,274 |
Directors’/Trustees’ fees (Note 4) | 305,931 |
Auditing fees | 14,263 |
Legal fees | 5,261 |
Portfolio accounting fees | 199,374 |
Distribution services fee (Note 4) | 6,513,556 |
Other service fees (Notes 2 and 4) | 30,443,983 |
Printing and postage | 345,748 |
Miscellaneous (Note 4) | 123,970 |
TOTAL EXPENSES | 214,530,280 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 4) | (82,288,572) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (33,633,779) |
TOTAL WAIVERS AND REIMBURSEMENTS | (115,922,351) |
Net expenses | 98,607,929 |
Net investment income | 15,716,613 |
Net realized gain on investments | 59,266 |
Change in net assets resulting from operations | $15,775,879 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended 7/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income (loss) | $15,716,613 | $1,084,213,997 |
Net realized gain (loss) | 59,266 | 1,437,883 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 15,775,879 | 1,085,651,880 |
Distributions to Shareholders: | ||
Select Shares | (816,613) | (37,993,083) |
Institutional Shares | (1,992,787) | (286,535,688) |
Service Shares | (684,258) | (107,207,632) |
Administrative Shares | (5,719) | (2,629,456) |
Cash II Shares | (35,940) | (3,376,746) |
Cash Series Shares | (18,083) | (1,444,914) |
Capital Shares | (179,715) | (32,682,492) |
Trust Shares | (186,876) | (19,803,749) |
Premier Shares | (12,361,346) | (586,013,108) |
Advisor Shares | (165,244) | (6,389,301) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (16,446,581) | (1,084,076,169) |
Share Transactions: | ||
Proceeds from sale of shares | 355,464,221,582 | 766,198,188,250 |
Proceeds from shares issued in connection with the tax- free transfer of assets from PNC Government Money Market Fund | — | 9,483,150,229 |
Net asset value of shares issued to shareholders in payment of distributions declared | 6,979,742 | 415,005,995 |
Cost of shares redeemed | (386,431,484,068) | (724,800,195,421) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (30,960,282,744) | 51,296,149,053 |
Change in net assets | (30,960,953,446) | 51,297,724,764 |
Net Assets: | ||
Beginning of period | 135,288,846,813 | 83,991,122,049 |
End of period | $104,327,893,367 | $135,288,846,813 |
Shares of the Fund Issued | Acquired Fund’s Net Assets Received | Net Assets of the Fund Immediately Prior to Combination | Net Assets of the Fund Immediately After Combination |
9,483,150,229 | $9,483,150,229 | $105,367,217,265 | $114,850,367,494 |
Net investment income | $1,147,838,495 |
Net realized and unrealized gain on investments | 1,511,016 |
Net increase in net assets resulting from operations | $1,149,349,511 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Select Shares | $26,157 | $— | $— |
Institutional Shares | 90,558 | — | (83) |
Service Shares | 874,564 | — | (284,149) |
Administrative Shares | 299 | — | — |
Cash II Shares | 189,283 | — | (118,593) |
Cash Series Shares | 67,359 | — | (36,353) |
Capital Shares | 11,316 | — | — |
Trust Shares | 763,571 | — | (425,949) |
Premier Shares | 241,860 | (468) | — |
Advisor Shares | 3,307 | — | — |
TOTAL | $2,268,274 | $(468) | $(865,127) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Select Shares | $703,165 | $(9,766) | $(293,434) |
Institutional Shares | 6,241,156 | (1,030,793) | (2,671,169) |
Service Shares | 15,558,629 | (1,270,885) | (13,486,153) |
Administrative Shares | 22,433 | — | (22,433) |
Cash II Shares | 823,047 | — | (823,047) |
Cash Series Shares | 409,700 | (133) | (409,567) |
Capital Shares | 2,428,285 | (178,492) | (1,873,023) |
Trust Shares | 4,257,568 | — | (4,257,568) |
TOTAL | $30,443,983 | $(2,490,069) | $(23,836,394) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Select Shares:1 | Shares | Amount | Shares | Amount |
Shares sold | 6,016,861,040 | $6,016,861,040 | 8,626,409,532 | $8,626,417,143 |
Proceeds from shares issued in connection with the tax-free transfer of assets from the Acquired Fund | — | — | 6,795,016,726 | 6,795,016,726 |
Shares issued to shareholders in payment of distributions declared | 24,563 | 24,563 | 2,565,980 | 2,565,980 |
Shares redeemed | (5,469,152,915) | (5,469,152,915) | (8,099,088,264) | (8,099,088,264) |
NET CHANGE RESULTING FROM SELECT SHARE TRANSACTIONS | 547,732,688 | $547,732,688 | 7,324,903,974 | $7,324,911,585 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 71,698,964,177 | $71,698,964,178 | 211,827,888,435 | $211,827,933,531 |
Shares issued to shareholders in payment of distributions declared | 704,096 | 704,096 | 100,763,565 | 100,763,565 |
Shares redeemed | (79,592,056,634) | (79,592,056,634) | (205,668,413,479) | (205,668,413,479) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (7,892,388,361) | $(7,892,388,360) | 6,260,238,521 | $6,260,283,617 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 16,813,324,309 | $16,813,324,309 | 36,354,238,413 | $36,354,238,413 |
Proceeds from shares issued in connection with the tax-free transfer of assets from the Acquired Fund | — | — | 2,688,133,493 | 2,688,133,493 |
Shares issued to shareholders in payment of distributions declared | 217,240 | 217,240 | 39,433,902 | 39,433,902 |
Shares redeemed | (16,917,039,435) | (16,917,039,435) | (37,031,159,296) | (37,031,201,151) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (103,497,886) | $(103,497,886) | 2,050,646,512 | $2,050,604,657 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Administrative Shares: | Shares | Amount | Shares | Amount |
Shares sold | 78,258,233 | $78,258,233 | 444,342,022 | $444,342,022 |
Shares issued to shareholders in payment of distributions declared | 122 | 122 | — | ��� |
Shares redeemed | (331,966,181) | (331,966,181) | (366,802,489) | (366,806,281) |
NET CHANGE RESULTING FROM ADMINISTRATIVE SHARE TRANSACTIONS | (253,707,826) | $(253,707,826) | 77,539,533 | $77,535,741 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 684,398,772 | $684,398,773 | 1,277,635,750 | $1,277,635,750 |
Shares issued to shareholders in payment of distributions declared | 35,737 | 35,737 | 3,320,412 | 3,320,412 |
Shares redeemed | (591,806,847) | (591,806,848) | (1,215,819,655) | (1,215,819,814) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | 92,627,662 | $92,627,662 | 65,136,507 | $65,136,348 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 937,504,878 | $937,504,878 | 2,071,520,153 | $2,071,521,083 |
Shares issued to shareholders in payment of distributions declared | 17,889 | 17,889 | 1,437,519 | 1,437,519 |
Shares redeemed | (989,925,157) | (989,925,157) | (1,982,310,542) | (1,982,310,542) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | (52,402,390) | $(52,402,390) | 90,647,130 | $90,648,060 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 5,285,292,716 | $5,285,292,716 | 12,562,484,759 | $12,562,484,759 |
Proceeds from shares issued in connection with the tax-free transfer of assets from the Acquired Fund | — | — | 10 | 10 |
Shares issued to shareholders in payment of distributions declared | 122,158 | 122,158 | 19,279,895 | 19,279,895 |
Shares redeemed | (5,740,373,259) | (5,740,373,259) | (12,527,346,143) | (12,527,354,552) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (454,958,385) | $(454,958,385) | 54,418,521 | $54,410,112 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Trust Shares: | Shares | Amount | Shares | Amount |
Shares sold | 3,910,308,750 | $3,910,308,749 | 5,695,640,892 | $5,695,640,892 |
Shares issued to shareholders in payment of distributions declared | 164,994 | 164,994 | 17,088,583 | 17,088,583 |
Shares redeemed | (3,555,394,160) | (3,555,394,160) | (4,881,858,835) | (4,881,869,051) |
NET CHANGE RESULTING FROM TRUST SHARE TRANSACTIONS | 355,079,584 | $355,079,583 | 830,870,640 | $830,860,424 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Premier Shares: | Shares | Amount | Shares | Amount |
Shares sold | 249,773,199,416 | $249,773,199,415 | 484,873,784,518 | $484,873,836,931 |
Shares issued to shareholders in payment of distributions declared | 5,528,070 | 5,528,071 | 224,762,856 | 224,762,856 |
Shares redeemed | (272,632,769,043) | (272,632,769,043) | (451,289,759,835) | (451,289,759,835) |
NET CHANGE RESULTING FROM PREMIER SHARE TRANSACTIONS | (22,854,041,557) | $(22,854,041,557) | 33,808,787,539 | $33,808,839,952 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Advisor Shares: | Shares | Amount | Shares | Amount |
Shares sold | 266,109,291 | $266,109,291 | 2,464,137,726 | $2,464,137,726 |
Shares issued to shareholders in payment of distributions declared | 164,872 | 164,872 | 6,353,283 | 6,353,283 |
Shares redeemed | (611,000,436) | (611,000,436) | (1,737,538,313) | (1,737,572,452) |
NET CHANGE RESULTING FROM ADVISOR SHARES TRANSACTIONS | (344,726,273) | $(344,726,273) | 732,952,696 | $732,918,557 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (30,960,282,744) | $(30,960,282,744) | 51,296,141,573 | $51,296,149,053 |
1 | Effective August 1, 2019, the Class R Shares were re-designated as Select Shares. |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Administrative Shares | 0.25% |
Cash II Shares | 0.35% |
Cash Series Shares | 0.60% |
Trust Shares | 0.25% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Administrative Shares | $112,443 | $(91,766) |
Cash II Shares | 1,153,988 | (1,153,988) |
Cash Series Shares | 983,570 | (976,704) |
Trust Shares | 4,263,555 | (4,219,263) |
TOTAL | $6,513,556 | $(6,441,721) |
Beginning Account Value 8/1/2020 | Ending Account Value 1/31/2021 | Expenses Paid During Period1 | |
Actual: | |||
Select Shares | $1,000 | $1,000.10 | $20.81 |
Institutional Shares | $1,000 | $1,000.10 | $30.86 |
Service Shares | $1,000 | $1,000.10 | $40.86 |
Administrative Shares | $1,000 | $1,000.10 | $51.01 |
Cash II Shares | $1,000 | $1,000.10 | $60.86 |
Cash Series Shares | $1,000 | $1,000.10 | $70.86 |
Capital Shares | $1,000 | $1,000.10 | $80.86 |
Trust Shares | $1,000 | $1,000.10 | $90.86 |
Premier Shares | $1,000 | $1,000.20 | $100.76 |
Advisor Shares | $1,000 | $1,000.20 | $110.76 |
Hypothetical (assuming a 5% return before expenses): | |||
Select Shares | $1,000 | $1,024.40 | $20.82 |
Institutional Shares | $1,000 | $1,024.35 | $30.87 |
Service Shares | $1,000 | $1,024.35 | $40.87 |
Administrative Shares | $1,000 | $1,024.20 | $51.02 |
Cash II Shares | $1,000 | $1,024.35 | $60.87 |
Cash Series Shares | $1,000 | $1,024.35 | $70.87 |
Capital Shares | $1,000 | $1,024.35 | $80.87 |
Trust Shares | $1,000 | $1,024.35 | $90.87 |
Premier Shares | $1,000 | $1,024.45 | $100.77 |
Advisor Shares | $1,000 | $1,024.45 | $110.77 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Select Shares | 0.16% |
Institutional Shares | 0.17% |
Service Shares | 0.17% |
Administrative Shares | 0.20% |
Cash II Shares | 0.17% |
Cash Series Shares | 0.17% |
Capital Shares | 0.17% |
Trust Shares | 0.17% |
Premier Shares | 0.15% |
Advisor Shares | 0.15% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Select Shares current Fee Limit of 0.17% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $0.86 and $0.87, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Service Shares current Fee Limit of 0.45% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.27 and $2.30, respectively. |
5 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Administrative Shares current Fee Limit of 0.45% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.27 and $2.30, respectively. |
6 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash II Shares current Fee Limit of 0.85% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $4.29 and $4.34, respectively. |
7 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash Series Shares current Fee Limit of 1.05% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $5.29 and $5.36, respectively. |
8 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Capital Shares current Fee Limit of 0.30% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.51 and $1.53, respectively. |
9 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Trust Shares current Fee Limit of 0.70% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $3.53 and $3.57, respectively. |
10 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Premier Shares current Fee Limit of 0.15% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $0.76 and $0.77, respectively. |
11 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Advisor Shares current Fee Limit of 0.15% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $0.76 and $0.77, respectively. |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N104
CUSIP 60934N807
CUSIP 608919395
CUSIP 608919676
CUSIP 608919684
CUSIP 608919809
CUSIP 60934N153
CUSIP 608919718
CUSIP 608919437
Share Class | Ticker | Automated | GOAXX | Institutional | GOTXX | Service | GTSXX |
Federated Hermes Government Obligations Tax-Managed Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
U.S. Treasury Securities | 64.7% |
U.S. Government Agency Securities | 39.3% |
Other Assets and Liabilities—Net2 | (4.0)% |
TOTAL | 100% |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 32.4% |
8-30 Days | 30.1% |
31-90 Days | 27.7% |
91-180 Days | 9.9% |
181 Days or more | 3.9% |
Other Assets and Liabilities—Net2 | (4.0)% |
TOTAL | 100% |
Principal Amount | Value | ||
U.S. TREASURY—64.7% | |||
$100,000,000 | United States Treasury Bill, 0.045%, 4/1/2021 | $99,992,625 | |
6,000,000 | United States Treasury Bill, 0.075%, 2/11/2021 | 5,999,875 | |
205,000,000 | United States Treasury Bill, 0.075%, 2/2/2021 | 204,999,573 | |
200,000,000 | United States Treasury Bill, 0.075%, 2/9/2021 | 199,996,667 | |
225,000,000 | United States Treasury Bill, 0.080%, 3/16/2021 | 224,978,501 | |
300,000,000 | United States Treasury Bill, 0.080%, 3/18/2021 | 299,970,000 | |
100,000,000 | United States Treasury Bill, 0.080%, 4/29/2021 | 99,980,667 | |
35,000,000 | United States Treasury Bill, 0.085%, 4/27/2021 | 34,992,976 | |
40,000,000 | United States Treasury Bill, 0.090%, 5/18/2021 | 39,989,400 | |
25,000,000 | United States Treasury Bill, 0.090%, 5/25/2021 | 24,992,937 | |
110,720,000 | United States Treasury Bill, 0.090%, 6/15/2021 | 110,682,909 | |
50,000,000 | United States Treasury Bill, 0.090%, 7/15/2021 | 49,979,500 | |
50,000,000 | United States Treasury Bill, 0.090%, 7/8/2021 | 49,980,375 | |
60,000,000 | United States Treasury Bill, 0.092%, 6/24/2021 | 59,978,073 | |
200,000,000 | United States Treasury Bill, 0.095%, 2/4/2021 | 199,998,417 | |
20,000,000 | United States Treasury Bill, 0.095%, 7/22/2021 | 19,990,975 | |
25,000,000 | United States Treasury Bill, 0.100%, 7/1/2021 | 24,989,583 | |
49,980,000 | United States Treasury Bill, 0.105%, 4/13/2021 | 49,969,650 | |
22,725,000 | United States Treasury Bill, 0.110%, 5/6/2021 | 22,718,473 | |
13,000,000 | United States Treasury Bill, 0.140%, 10/7/2021 | 12,987,462 | |
55,500,000 | United States Treasury Bills, 0.040% - 0.085%, 3/4/2021 | 55,496,921 | |
225,000,000 | United States Treasury Bills, 0.045% - 0.120%, 2/25/2021 | 224,985,750 | |
234,282,000 | United States Treasury Bills, 0.050% - 0.125%, 3/11/2021 | 234,263,133 | |
175,000,000 | United States Treasury Bills, 0.055% - 0.085%, 4/22/2021 | 174,970,278 | |
375,000,000 | United States Treasury Bills, 0.055% - 0.100%, 3/2/2021 | 374,980,444 | |
217,000,000 | United States Treasury Bills, 0.070% - 0.090%, 3/9/2021 | 216,982,915 | |
700,000,000 | United States Treasury Bills, 0.070% - 0.100%, 2/23/2021 | 699,966,391 | |
225,000,000 | United States Treasury Bills, 0.080% - 0.120%, 3/23/2021 | 224,973,612 | |
114,995,000 | United States Treasury Bills, 0.085% - 0.090%, 2/18/2021 | 114,990,124 | |
160,000,000 | United States Treasury Bills, 0.085% - 0.090%, 5/4/2021 | 159,963,328 | |
200,000,000 | United States Treasury Bills, 0.095% - 0.120%, 2/16/2021 | 199,991,562 | |
35,000,000 | 1 | United States Treasury Floating Rate Notes, 0.135% (91-day T-Bill +0.055%), 2/2/2021 | 34,999,546 |
25,000,000 | 1 | United States Treasury Floating Rate Notes, 0.137% (91-day T-Bill +0.049%), 2/2/2021 | 25,000,000 |
Principal Amount | Value | ||
U.S. TREASURY—continued | |||
$9,950,000 | 1 | United States Treasury Floating Rate Notes, 0.219% (91-day T-Bill +0.139%), 2/2/2021 | $9,948,870 |
10,000,000 | 1 | United States Treasury Floating Rate Notes, 0.380% (91-day T-Bill +0.300%), 2/2/2021 | 10,000,000 |
15,000,000 | United States Treasury Note, 1.250%, 10/31/2021 | 15,129,301 | |
25,000,000 | United States Treasury Note, 1.750%, 7/31/2021 | 25,200,421 | |
10,000,000 | United States Treasury Note, 2.000%, 12/31/2021 | 10,173,355 | |
6,000,000 | United States Treasury Note, 2.250%, 2/15/2021 | 6,001,992 | |
6,000,000 | United States Treasury Note, 2.250%, 3/31/2021 | 6,016,848 | |
15,000,000 | United States Treasury Note, 2.250%, 4/30/2021 | 15,076,860 | |
25,000,000 | United States Treasury Note, 2.375%, 4/15/2021 | 25,100,715 | |
18,737,000 | United States Treasury Note, 2.625%, 12/15/2021 | 19,143,109 | |
11,000,000 | United States Treasury Notes, 1.125% - 2.500%, 2/28/2021 | 11,004,586 | |
TOTAL U.S. TREASURY | 4,731,528,699 | ||
GOVERNMENT AGENCIES—39.3% | |||
306,000,000 | 2 | Federal Farm Credit System Discount Notes, 0.100% - 0.480%, 2/17/2021 - 10/26/2021 | 305,833,995 |
110,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.085% (Secured Overnight Financing Rate +0.045%), 2/1/2021 | 110,008,852 |
20,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.095% (Secured Overnight Financing Rate +0.055%), 2/1/2021 | 19,998,110 |
40,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.097% (1-month USLIBOR -0.025%), 3/1/2021 | 40,004,267 |
47,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.100% (Secured Overnight Financing Rate +0.060%), 2/1/2021 | 47,000,000 |
36,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.105% (Secured Overnight Financing Rate +0.065%), 2/1/2021 | 36,000,000 |
25,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.110% (Secured Overnight Financing Rate +0.070%), 2/1/2021 | 25,000,000 |
42,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.115% (Secured Overnight Financing Rate +0.075%), 2/1/2021 | 41,999,761 |
5,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.140% (Secured Overnight Financing Rate +0.100%), 2/1/2021 | 5,000,000 |
150,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.150% (Secured Overnight Financing Rate +0.110%), 2/1/2021 | 150,000,000 |
89,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.170% (Secured Overnight Financing Rate +0.130%), 2/1/2021 | 89,000,000 |
25,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.185% (Secured Overnight Financing Rate +0.145%), 2/1/2021 | 25,000,000 |
50,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.220% (Secured Overnight Financing Rate +0.180%), 2/1/2021 | 50,000,000 |
40,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.240% (Secured Overnight Financing Rate +0.200%), 2/1/2021 | 40,000,000 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES—continued | |||
$20,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.250% (Secured Overnight Financing Rate +0.210%), 2/1/2021 | $20,000,000 |
125,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.280% (Secured Overnight Financing Rate +0.240%), 2/1/2021 | 124,994,588 |
40,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.340% (Secured Overnight Financing Rate +0.300%), 2/1/2021 | 40,000,000 |
58,700,000 | Federal Farm Credit System, 0.090% - 0.250%, 7/27/2021 - 1/6/2022 | 58,691,386 | |
566,000,000 | 2 | Federal Home Loan Bank System Discount Notes, 0.010% - 0.400%, 2/2/2021 - 5/21/2021 | 565,952,946 |
200,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.040% (Secured Overnight Financing Rate +0.000%), 2/1/2021 | 200,000,000 |
50,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.045% (Secured Overnight Financing Rate +0.005%), 2/1/2021 | 50,000,000 |
100,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.050% (Secured Overnight Financing Rate +0.010%), 2/1/2021 | 100,002,605 |
40,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.075% (Secured Overnight Financing Rate +0.035%), 2/1/2021 | 40,000,000 |
25,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.080% (Secured Overnight Financing Rate +0.040%), 2/1/2021 | 25,000,000 |
25,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.085% (Secured Overnight Financing Rate +0.045%), 2/1/2021 | 25,000,000 |
55,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.090% (Secured Overnight Financing Rate +0.050%), 2/1/2021 | 55,000,000 |
38,500,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.095% (Secured Overnight Financing Rate +0.055%), 2/1/2021 | 38,495,082 |
55,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.100% (Secured Overnight Financing Rate +0.060%), 2/1/2021 | 55,000,000 |
17,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.105% (Secured Overnight Financing Rate +0.065%), 2/1/2021 | 17,000,000 |
10,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.115% (Secured Overnight Financing Rate +0.075%), 2/1/2021 | 10,000,000 |
40,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.120% (Secured Overnight Financing Rate +0.080%), 2/1/2021 | 40,000,000 |
20,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.125% (Secured Overnight Financing Rate +0.085%), 2/1/2021 | 19,997,547 |
15,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.140% (Secured Overnight Financing Rate +0.100%), 2/1/2021 | 15,000,000 |
30,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.149% (1-month USLIBOR +0.020%), 2/19/2021 | 30,000,000 |
15,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.155% (Secured Overnight Financing Rate +0.115%), 2/1/2021 | 15,000,000 |
50,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.160% (Secured Overnight Financing Rate +0.120%), 2/1/2021 | 50,000,000 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES—continued | |||
$10,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.175% (Secured Overnight Financing Rate +0.135%), 2/1/2021 | $10,000,000 |
10,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.190% (Secured Overnight Financing Rate +0.150%), 2/1/2021 | 10,000,000 |
20,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.210% (Secured Overnight Financing Rate +0.170%), 2/1/2021 | 20,000,000 |
40,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.270% (Secured Overnight Financing Rate +0.230%), 2/1/2021 | 40,000,000 |
212,000,000 | Federal Home Loan Bank System, 0.090% - 0.180%, 3/3/2021 - 10/6/2021 | 211,996,191 | |
TOTAL GOVERNMENT AGENCIES | 2,871,975,330 | ||
TOTAL INVESTMENT IN SECURITIES—104.0% (AT AMORTIZED COST)3 | 7,603,504,029 | ||
OTHER ASSETS AND LIABILITIES - NET—(4.0)%4 | (292,635,021) | ||
TOTAL NET ASSETS—100% | $7,310,869,008 |
LIBOR | —London Interbank Offered Rate |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.008 | 0.018 | 0.009 | 0.001 | 0.001 |
Net realized gain | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.008 | 0.018 | 0.009 | 0.001 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.008) | (0.018) | (0.009) | (0.001) | (0.001) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.008) | (0.018) | (0.009) | (0.001) | (0.001) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.83% | 1.81% | 0.93% | 0.14% | 0.01% |
Ratios to Average Net Assets: | ||||||
Net expenses3,4 | 0.15%5 | 0.47% | 0.52% | 0.51% | 0.50% | 0.37% |
Net investment income | 0.01%5 | 0.84% | 1.79% | 0.93% | 0.14% | 0.01% |
Expense waiver/reimbursement6 | 0.46%5 | 0.15% | 0.09% | 0.09% | 0.11% | 0.24% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $167,783 | $154,561 | $182,939 | $176,028 | $177,555 | $190,937 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.011 | 0.021 | 0.012 | 0.004 | 0.002 |
Net realized gain | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.011 | 0.021 | 0.012 | 0.004 | 0.002 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.011) | (0.021) | (0.012) | (0.004) | (0.002) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.011) | (0.021) | (0.012) | (0.004) | (0.002) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 1.10% | 2.13% | 1.23% | 0.44% | 0.13% |
Ratios to Average Net Assets: | ||||||
Net expenses3,4 | 0.15%5 | 0.20% | 0.20% | 0.20% | 0.20% | 0.19% |
Net investment income | 0.01%5 | 0.95% | 2.11% | 1.21% | 0.43% | 0.13% |
Expense waiver/reimbursement6 | 0.14%5 | 0.09% | 0.09% | 0.09% | 0.09% | 0.10% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $4,154,286 | $4,366,142 | $3,019,468 | $2,739,607 | $3,074,463 | $2,861,313 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.009 | 0.019 | 0.010 | 0.002 | 0.001 |
Net realized gain | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.009 | 0.019 | 0.010 | 0.002 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.009) | (0.019) | (0.010) | (0.002) | (0.001) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.009) | (0.019) | (0.010) | (0.002) | (0.001) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.89% | 1.88% | 0.98% | 0.19% | 0.01% |
Ratios to Average Net Assets: | ||||||
Net expenses3,4 | 0.15%5 | 0.41% | 0.45% | 0.45% | 0.45% | 0.30% |
Net investment income | 0.01%5 | 0.86% | 1.86% | 0.96% | 0.20% | 0.01% |
Expense waiver/reimbursement6 | 0.39%5 | 0.13% | 0.09% | 0.09% | 0.09% | 0.24% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $2,988,800 | $2,950,794 | $2,698,641 | $2,651,637 | $3,010,073 | $2,693,327 |
Assets: | ||
Investment in securities, at amortized cost and fair value | $7,603,504,029 | |
Cash | 2,461,092 | |
Receivable for investments sold | 80,000,000 | |
Income receivable | 1,352,415 | |
Receivable for shares sold | 23,042 | |
TOTAL ASSETS | 7,687,340,578 | |
Liabilities: | ||
Payable for investments purchased | $375,356,203 | |
Payable for shares redeemed | 722,006 | |
Income distribution payable | 46,429 | |
Payable for administrative fee (Note 4) | 46,883 | |
Payable for investment adviser fee (Note 4) | 7,076 | |
Payable for Directors’/Trustees’ fees (Note 4) | 730 | |
Accrued expenses (Note 4) | 292,243 | |
TOTAL LIABILITIES | 376,471,570 | |
Net assets for 7,310,847,286 shares outstanding | $7,310,869,008 | |
Net Assets Consists of: | ||
Paid-in capital | $7,310,856,663 | |
Total distributable earnings | 12,345 | |
TOTAL NET ASSETS | $7,310,869,008 | |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | ||
Automated Shares: | ||
$167,782,795 ÷ 167,782,510 shares outstanding, no par value, unlimited shares authorized | $1.00 | |
Institutional Shares: | ||
$4,154,286,084 ÷ 4,154,269,731 shares outstanding, no par value, unlimited shares authorized | $1.00 | |
Service Shares: | ||
$2,988,800,129 ÷ 2,988,795,045 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Investment Income: | |||
Interest | $6,144,327 | ||
Expenses: | |||
Investment adviser fee (Note 4) | $7,635,439 | ||
Administrative fee (Note 4) | 2,977,093 | ||
Custodian fees | 121,962 | ||
Transfer agent fees (Note 2) | 97,437 | ||
Directors’/Trustees’ fees (Note 4) | 17,508 | ||
Auditing fees | 11,473 | ||
Legal fees | 4,871 | ||
Other service fees (Notes 2 and 4) | 4,072,948 | ||
Portfolio accounting fees | 88,919 | ||
Share registration costs | 75,186 | ||
Printing and postage | 21,032 | ||
Miscellaneous (Note 4) | 43,724 | ||
TOTAL EXPENSES | 15,167,592 | ||
Waivers and Reimbursement: | |||
Waiver of investment adviser fee (Note 4) | $(5,370,497) | ||
Waivers/reimbursement of other operating expenses (Notes 2 and 4) | (4,092,143) | ||
TOTAL WAIVERS AND REIMBURSEMENT | (9,462,640) | ||
Net expenses | 5,704,952 | ||
Net investment income | 439,375 | ||
Net realized gain on investments | 34,141 | ||
Change in net assets resulting from operations | $473,516 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended 7/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $439,375 | $64,924,651 |
Net realized gain | 34,141 | 402,347 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 473,516 | 65,326,998 |
Distributions to Shareholders: | ||
Automated Shares | (13,411) | (1,274,075) |
Institutional Shares | (438,368) | (39,051,506) |
Service Shares | (272,537) | (24,794,362) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (724,316) | (65,119,943) |
Share Transactions: | ||
Proceeds from sale of shares | 10,315,319,615 | 23,251,616,621 |
Net asset value of shares issued to shareholders in payment of distributions declared | 193,904 | 15,619,988 |
Cost of shares redeemed | (10,475,890,338) | (21,696,995,746) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (160,376,819) | 1,570,240,863 |
Change in net assets | (160,627,619) | 1,570,447,918 |
Net Assets: | ||
Beginning of period | 7,471,496,627 | 5,901,048,709 |
End of period | $7,310,869,008 | $7,471,496,627 |
Transfer Agent Fees Incurred | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $60,798 | $(57,983) |
Institutional Shares | 21,464 | — |
Service Shares | 15,175 | — |
TOTAL | $97,437 | $(57,983) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $192,850 | $(1,891) | $(190,959) |
Service Shares | 3,880,098 | (93,608) | (3,747,702) |
TOTAL | $4,072,948 | $(95,499) | $(3,938,661) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Automated Shares: | Shares | Amount | Shares | Amount |
Shares sold | 118,125,838 | $118,125,838 | 267,957,829 | $267,957,829 |
Shares issued to shareholders in payment of distributions declared | 12,551 | 12,551 | 1,158,084 | 1,158,084 |
Shares redeemed | (104,911,256) | (104,911,256) | (297,498,230) | (297,498,230) |
NET CHANGE RESULTING FROM AUTOMATED SHARE TRANSACTIONS | 13,227,133 | $13,227,133 | (28,382,317) | $(28,382,317) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 5,714,948,879 | $5,714,948,879 | 15,927,428,623 | $15,927,428,623 |
Shares issued to shareholders in payment of distributions declared | 163,749 | 163,749 | 12,644,697 | 12,644,697 |
Shares redeemed | (5,926,820,650) | (5,926,820,650) | (14,593,525,847) | (14,593,525,847) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (211,708,022) | $(211,708,022) | 1,346,547,473 | $1,346,547,473 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 4,482,244,898 | $4,482,244,898 | 7,056,230,169 | $7,056,230,169 |
Shares issued to shareholders in payment of distributions declared | 17,604 | 17,604 | 1,817,207 | 1,817,207 |
Shares redeemed | (4,444,158,432) | (4,444,158,432) | (6,805,971,668) | (6,805,971,669) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | 38,104,070 | $38,104,070 | 252,075,708 | $252,075,707 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (160,376,819) | $(160,376,819) | 1,570,240,864 | $1,570,240,863 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2020 | Ending Account Value 1/31/2021 | Expenses Paid During Period1 | |
Actual: | |||
Automated Shares | $1,000 | $1,000.10 | $20.76 |
Institutional Shares | $1,000 | $1,000.10 | $30.76 |
Service Shares | $1,000 | $1,000.10 | $40.76 |
Hypothetical (assuming a 5% return before expenses): | |||
Automated Shares | $1,000 | $1,024.45 | $20.77 |
Institutional Shares | $1,000 | $1,024.45 | $30.77 |
Service Shares | $1,000 | $1,024.45 | $40.77 |
Automated Shares | 0.15% |
Institutional Shares | 0.15% |
Service Shares | 0.15% |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N856
CUSIP 60934N849
Share Class | Ticker | Institutional | GOTXX |
Federated Hermes Government Obligations Tax-Managed Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
U.S. Treasury Securities | 64.7% |
U.S. Government Agency Securities | 39.3% |
Other Assets and Liabilities—Net2 | (4.0)% |
TOTAL | 100% |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 32.4% |
8-30 Days | 30.1% |
31-90 Days | 27.7% |
91-180 Days | 9.9% |
181 Days or more | 3.9% |
Other Assets and Liabilities—Net2 | (4.0)% |
TOTAL | 100% |
Principal Amount | Value | ||
U.S. TREASURY—64.7% | |||
$100,000,000 | United States Treasury Bill, 0.045%, 4/1/2021 | $99,992,625 | |
6,000,000 | United States Treasury Bill, 0.075%, 2/11/2021 | 5,999,875 | |
205,000,000 | United States Treasury Bill, 0.075%, 2/2/2021 | 204,999,573 | |
200,000,000 | United States Treasury Bill, 0.075%, 2/9/2021 | 199,996,667 | |
225,000,000 | United States Treasury Bill, 0.080%, 3/16/2021 | 224,978,501 | |
300,000,000 | United States Treasury Bill, 0.080%, 3/18/2021 | 299,970,000 | |
100,000,000 | United States Treasury Bill, 0.080%, 4/29/2021 | 99,980,667 | |
35,000,000 | United States Treasury Bill, 0.085%, 4/27/2021 | 34,992,976 | |
40,000,000 | United States Treasury Bill, 0.090%, 5/18/2021 | 39,989,400 | |
25,000,000 | United States Treasury Bill, 0.090%, 5/25/2021 | 24,992,937 | |
110,720,000 | United States Treasury Bill, 0.090%, 6/15/2021 | 110,682,909 | |
50,000,000 | United States Treasury Bill, 0.090%, 7/15/2021 | 49,979,500 | |
50,000,000 | United States Treasury Bill, 0.090%, 7/8/2021 | 49,980,375 | |
60,000,000 | United States Treasury Bill, 0.092%, 6/24/2021 | 59,978,073 | |
200,000,000 | United States Treasury Bill, 0.095%, 2/4/2021 | 199,998,417 | |
20,000,000 | United States Treasury Bill, 0.095%, 7/22/2021 | 19,990,975 | |
25,000,000 | United States Treasury Bill, 0.100%, 7/1/2021 | 24,989,583 | |
49,980,000 | United States Treasury Bill, 0.105%, 4/13/2021 | 49,969,650 | |
22,725,000 | United States Treasury Bill, 0.110%, 5/6/2021 | 22,718,473 | |
13,000,000 | United States Treasury Bill, 0.140%, 10/7/2021 | 12,987,462 | |
55,500,000 | United States Treasury Bills, 0.040% - 0.085%, 3/4/2021 | 55,496,921 | |
225,000,000 | United States Treasury Bills, 0.045% - 0.120%, 2/25/2021 | 224,985,750 | |
234,282,000 | United States Treasury Bills, 0.050% - 0.125%, 3/11/2021 | 234,263,133 | |
175,000,000 | United States Treasury Bills, 0.055% - 0.085%, 4/22/2021 | 174,970,278 | |
375,000,000 | United States Treasury Bills, 0.055% - 0.100%, 3/2/2021 | 374,980,444 | |
217,000,000 | United States Treasury Bills, 0.070% - 0.090%, 3/9/2021 | 216,982,915 | |
700,000,000 | United States Treasury Bills, 0.070% - 0.100%, 2/23/2021 | 699,966,391 | |
225,000,000 | United States Treasury Bills, 0.080% - 0.120%, 3/23/2021 | 224,973,612 | |
114,995,000 | United States Treasury Bills, 0.085% - 0.090%, 2/18/2021 | 114,990,124 | |
160,000,000 | United States Treasury Bills, 0.085% - 0.090%, 5/4/2021 | 159,963,328 | |
200,000,000 | United States Treasury Bills, 0.095% - 0.120%, 2/16/2021 | 199,991,562 | |
35,000,000 | 1 | United States Treasury Floating Rate Notes, 0.135% (91-day T-Bill +0.055%), 2/2/2021 | 34,999,546 |
25,000,000 | 1 | United States Treasury Floating Rate Notes, 0.137% (91-day T-Bill +0.049%), 2/2/2021 | 25,000,000 |
Principal Amount | Value | ||
U.S. TREASURY—continued | |||
$9,950,000 | 1 | United States Treasury Floating Rate Notes, 0.219% (91-day T-Bill +0.139%), 2/2/2021 | $9,948,870 |
10,000,000 | 1 | United States Treasury Floating Rate Notes, 0.380% (91-day T-Bill +0.300%), 2/2/2021 | 10,000,000 |
15,000,000 | United States Treasury Note, 1.250%, 10/31/2021 | 15,129,301 | |
25,000,000 | United States Treasury Note, 1.750%, 7/31/2021 | 25,200,421 | |
10,000,000 | United States Treasury Note, 2.000%, 12/31/2021 | 10,173,355 | |
6,000,000 | United States Treasury Note, 2.250%, 2/15/2021 | 6,001,992 | |
6,000,000 | United States Treasury Note, 2.250%, 3/31/2021 | 6,016,848 | |
15,000,000 | United States Treasury Note, 2.250%, 4/30/2021 | 15,076,860 | |
25,000,000 | United States Treasury Note, 2.375%, 4/15/2021 | 25,100,715 | |
18,737,000 | United States Treasury Note, 2.625%, 12/15/2021 | 19,143,109 | |
11,000,000 | United States Treasury Notes, 1.125% - 2.500%, 2/28/2021 | 11,004,586 | |
TOTAL U.S. TREASURY | 4,731,528,699 | ||
GOVERNMENT AGENCIES—39.3% | |||
306,000,000 | 2 | Federal Farm Credit System Discount Notes, 0.100% - 0.480%, 2/17/2021 - 10/26/2021 | 305,833,995 |
110,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.085% (Secured Overnight Financing Rate +0.045%), 2/1/2021 | 110,008,852 |
20,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.095% (Secured Overnight Financing Rate +0.055%), 2/1/2021 | 19,998,110 |
40,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.097% (1-month USLIBOR -0.025%), 3/1/2021 | 40,004,267 |
47,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.100% (Secured Overnight Financing Rate +0.060%), 2/1/2021 | 47,000,000 |
36,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.105% (Secured Overnight Financing Rate +0.065%), 2/1/2021 | 36,000,000 |
25,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.110% (Secured Overnight Financing Rate +0.070%), 2/1/2021 | 25,000,000 |
42,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.115% (Secured Overnight Financing Rate +0.075%), 2/1/2021 | 41,999,761 |
5,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.140% (Secured Overnight Financing Rate +0.100%), 2/1/2021 | 5,000,000 |
150,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.150% (Secured Overnight Financing Rate +0.110%), 2/1/2021 | 150,000,000 |
89,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.170% (Secured Overnight Financing Rate +0.130%), 2/1/2021 | 89,000,000 |
25,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.185% (Secured Overnight Financing Rate +0.145%), 2/1/2021 | 25,000,000 |
50,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.220% (Secured Overnight Financing Rate +0.180%), 2/1/2021 | 50,000,000 |
40,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.240% (Secured Overnight Financing Rate +0.200%), 2/1/2021 | 40,000,000 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES—continued | |||
$20,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.250% (Secured Overnight Financing Rate +0.210%), 2/1/2021 | $20,000,000 |
125,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.280% (Secured Overnight Financing Rate +0.240%), 2/1/2021 | 124,994,588 |
40,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.340% (Secured Overnight Financing Rate +0.300%), 2/1/2021 | 40,000,000 |
58,700,000 | Federal Farm Credit System, 0.090% - 0.250%, 7/27/2021 - 1/6/2022 | 58,691,386 | |
566,000,000 | 2 | Federal Home Loan Bank System Discount Notes, 0.010% - 0.400%, 2/2/2021 - 5/21/2021 | 565,952,946 |
200,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.040% (Secured Overnight Financing Rate +0.000%), 2/1/2021 | 200,000,000 |
50,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.045% (Secured Overnight Financing Rate +0.005%), 2/1/2021 | 50,000,000 |
100,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.050% (Secured Overnight Financing Rate +0.010%), 2/1/2021 | 100,002,605 |
40,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.075% (Secured Overnight Financing Rate +0.035%), 2/1/2021 | 40,000,000 |
25,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.080% (Secured Overnight Financing Rate +0.040%), 2/1/2021 | 25,000,000 |
25,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.085% (Secured Overnight Financing Rate +0.045%), 2/1/2021 | 25,000,000 |
55,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.090% (Secured Overnight Financing Rate +0.050%), 2/1/2021 | 55,000,000 |
38,500,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.095% (Secured Overnight Financing Rate +0.055%), 2/1/2021 | 38,495,082 |
55,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.100% (Secured Overnight Financing Rate +0.060%), 2/1/2021 | 55,000,000 |
17,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.105% (Secured Overnight Financing Rate +0.065%), 2/1/2021 | 17,000,000 |
10,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.115% (Secured Overnight Financing Rate +0.075%), 2/1/2021 | 10,000,000 |
40,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.120% (Secured Overnight Financing Rate +0.080%), 2/1/2021 | 40,000,000 |
20,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.125% (Secured Overnight Financing Rate +0.085%), 2/1/2021 | 19,997,547 |
15,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.140% (Secured Overnight Financing Rate +0.100%), 2/1/2021 | 15,000,000 |
30,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.149% (1-month USLIBOR +0.020%), 2/19/2021 | 30,000,000 |
15,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.155% (Secured Overnight Financing Rate +0.115%), 2/1/2021 | 15,000,000 |
50,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.160% (Secured Overnight Financing Rate +0.120%), 2/1/2021 | 50,000,000 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES—continued | |||
$10,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.175% (Secured Overnight Financing Rate +0.135%), 2/1/2021 | $10,000,000 |
10,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.190% (Secured Overnight Financing Rate +0.150%), 2/1/2021 | 10,000,000 |
20,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.210% (Secured Overnight Financing Rate +0.170%), 2/1/2021 | 20,000,000 |
40,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.270% (Secured Overnight Financing Rate +0.230%), 2/1/2021 | 40,000,000 |
212,000,000 | Federal Home Loan Bank System, 0.090% - 0.180%, 3/3/2021 - 10/6/2021 | 211,996,191 | |
TOTAL GOVERNMENT AGENCIES | 2,871,975,330 | ||
TOTAL INVESTMENT IN SECURITIES—104.0% (AT AMORTIZED COST)3 | 7,603,504,029 | ||
OTHER ASSETS AND LIABILITIES - NET—(4.0)%4 | (292,635,021) | ||
TOTAL NET ASSETS—100% | $7,310,869,008 |
LIBOR | —London Interbank Offered Rate |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.011 | 0.021 | 0.012 | 0.004 | 0.002 |
Net realized gain | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.011 | 0.021 | 0.012 | 0.004 | 0.002 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.011) | (0.021) | (0.012) | (0.004) | (0.002) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.011) | (0.021) | (0.012) | (0.004) | (0.002) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 1.10% | 2.13% | 1.23% | 0.44% | 0.13% |
Ratios to Average Net Assets: | ||||||
Net expenses3,4 | 0.15%5 | 0.20% | 0.20% | 0.20% | 0.20% | 0.19% |
Net investment income | 0.01%5 | 0.95% | 2.11% | 1.21% | 0.43% | 0.13% |
Expense waiver/reimbursement6 | 0.14%5 | 0.09% | 0.09% | 0.09% | 0.09% | 0.10% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $4,154,286 | $4,366,142 | $3,019,468 | $2,739,607 | $3,074,463 | $2,861,313 |
Assets: | ||
Investment in securities, at amortized cost and fair value | $7,603,504,029 | |
Cash | 2,461,092 | |
Receivable for investments sold | 80,000,000 | |
Income receivable | 1,352,415 | |
Receivable for shares sold | 23,042 | |
TOTAL ASSETS | 7,687,340,578 | |
Liabilities: | ||
Payable for investments purchased | $375,356,203 | |
Payable for shares redeemed | 722,006 | |
Income distribution payable | 46,429 | |
Payable for administrative fee (Note 4) | 46,883 | |
Payable for investment adviser fee (Note 4) | 7,076 | |
Payable for Directors’/Trustees’ fees (Note 4) | 730 | |
Accrued expenses (Note 4) | 292,243 | |
TOTAL LIABILITIES | 376,471,570 | |
Net assets for 7,310,847,286 shares outstanding | $7,310,869,008 | |
Net Assets Consists of: | ||
Paid-in capital | $7,310,856,663 | |
Total distributable earnings | 12,345 | |
TOTAL NET ASSETS | $7,310,869,008 | |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | ||
Automated Shares: | ||
$167,782,795 ÷ 167,782,510 shares outstanding, no par value, unlimited shares authorized | $1.00 | |
Institutional Shares: | ||
$4,154,286,084 ÷ 4,154,269,731 shares outstanding, no par value, unlimited shares authorized | $1.00 | |
Service Shares: | ||
$2,988,800,129 ÷ 2,988,795,045 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Investment Income: | |||
Interest | $6,144,327 | ||
Expenses: | |||
Investment adviser fee (Note 4) | $7,635,439 | ||
Administrative fee (Note 4) | 2,977,093 | ||
Custodian fees | 121,962 | ||
Transfer agent fees (Note 2) | 97,437 | ||
Directors’/Trustees’ fees (Note 4) | 17,508 | ||
Auditing fees | 11,473 | ||
Legal fees | 4,871 | ||
Other service fees (Notes 2 and 4) | 4,072,948 | ||
Portfolio accounting fees | 88,919 | ||
Share registration costs | 75,186 | ||
Printing and postage | 21,032 | ||
Miscellaneous (Note 4) | 43,724 | ||
TOTAL EXPENSES | 15,167,592 | ||
Waivers and Reimbursement: | |||
Waiver of investment adviser fee (Note 4) | $(5,370,497) | ||
Waivers/reimbursement of other operating expenses (Notes 2 and 4) | (4,092,143) | ||
TOTAL WAIVERS AND REIMBURSEMENT | (9,462,640) | ||
Net expenses | 5,704,952 | ||
Net investment income | 439,375 | ||
Net realized gain on investments | 34,141 | ||
Change in net assets resulting from operations | $473,516 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended 7/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $439,375 | $64,924,651 |
Net realized gain | 34,141 | 402,347 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 473,516 | 65,326,998 |
Distributions to Shareholders: | ||
Automated Shares | (13,411) | (1,274,075) |
Institutional Shares | (438,368) | (39,051,506) |
Service Shares | (272,537) | (24,794,362) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (724,316) | (65,119,943) |
Share Transactions: | ||
Proceeds from sale of shares | 10,315,319,615 | 23,251,616,621 |
Net asset value of shares issued to shareholders in payment of distributions declared | 193,904 | 15,619,988 |
Cost of shares redeemed | (10,475,890,338) | (21,696,995,746) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (160,376,819) | 1,570,240,863 |
Change in net assets | (160,627,619) | 1,570,447,918 |
Net Assets: | ||
Beginning of period | 7,471,496,627 | 5,901,048,709 |
End of period | $7,310,869,008 | $7,471,496,627 |
Transfer Agent Fees Incurred | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $60,798 | $(57,983) |
Institutional Shares | 21,464 | — |
Service Shares | 15,175 | — |
TOTAL | $97,437 | $(57,983) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $192,850 | $(1,891) | $(190,959) |
Service Shares | 3,880,098 | (93,608) | (3,747,702) |
TOTAL | $4,072,948 | $(95,499) | $(3,938,661) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Automated Shares: | Shares | Amount | Shares | Amount |
Shares sold | 118,125,838 | $118,125,838 | 267,957,829 | $267,957,829 |
Shares issued to shareholders in payment of distributions declared | 12,551 | 12,551 | 1,158,084 | 1,158,084 |
Shares redeemed | (104,911,256) | (104,911,256) | (297,498,230) | (297,498,230) |
NET CHANGE RESULTING FROM AUTOMATED SHARE TRANSACTIONS | 13,227,133 | $13,227,133 | (28,382,317) | $(28,382,317) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 5,714,948,879 | $5,714,948,879 | 15,927,428,623 | $15,927,428,623 |
Shares issued to shareholders in payment of distributions declared | 163,749 | 163,749 | 12,644,697 | 12,644,697 |
Shares redeemed | (5,926,820,650) | (5,926,820,650) | (14,593,525,847) | (14,593,525,847) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (211,708,022) | $(211,708,022) | 1,346,547,473 | $1,346,547,473 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 4,482,244,898 | $4,482,244,898 | 7,056,230,169 | $7,056,230,169 |
Shares issued to shareholders in payment of distributions declared | 17,604 | 17,604 | 1,817,207 | 1,817,207 |
Shares redeemed | (4,444,158,432) | (4,444,158,432) | (6,805,971,668) | (6,805,971,669) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | 38,104,070 | $38,104,070 | 252,075,708 | $252,075,707 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (160,376,819) | $(160,376,819) | 1,570,240,864 | $1,570,240,863 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2020 | Ending Account Value 1/31/2021 | Expenses Paid During Period1 | |
Actual: | $1,000 | $ 1,000.10 | $ 20.76 |
Hypothetical (assuming a 5% return before expenses): | $1,000 | $ 1,024.45 | $20.77 |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
Share Class | Ticker | Institutional | MMPXX | Service | MMSXX | Capital | MMLXX |
Eagle | MMMXX |
Federated Hermes Institutional Money Market Management
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Commercial Paper | 64.2% |
Other Repurchase Agreements and Repurchase Agreements | 17.6% |
Certificate of Deposit | 6.8% |
Variable Instruments | 4.6% |
Time Deposit | 4.5% |
U.S. Treasury | 2.3% |
Other Assets and Liabilities—Net2 | (0.0)% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for a description of these investments. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 34.5% |
8-30 Days | 19.5% |
31-90 Days | 24.3% |
91-180 Days | 19.0% |
181 Days or more | 2.7% |
Other Assets and Liabilities—Net2 | (0.0)% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— 64.2% | ||
Aerospace/Auto— 0.9% | |||
$10,000,000 | Toyota Motor Credit Corp., (Toyota Motor Corp. SA), 0.230%, 5/5/2021 | $9,996,160 | |
Finance - Banking— 23.3% | |||
10,000,000 | ASB Finance Ltd., (GTD by ASB Bank Ltd.), 0.240%, 6/1/2021 | 9,995,490 | |
20,000,000 | Australia & New Zealand Banking Group, Melbourne, 0.240%, 7/22/2021 | 19,981,826 | |
1,200,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.210%, 4/19/2021 | 1,199,539 | |
45,000,000 | BPCE SA, 0.190% - 0.200%, 2/1/2021 - 4/5/2021 | 44,996,370 | |
50,000,000 | Nationwide Building Society, 0.160% - 0.255%, 2/2/2021 - 3/5/2021 | 49,995,982 | |
50,000,000 | NRW.Bank, 0.180% - 0.210%, 2/10/2021 - 4/7/2021 | 49,993,666 | |
10,000,000 | Royal Bank of Canada, New York Branch, 0.280%, 11/19/2021 | 9,988,975 | |
40,000,000 | Svenska Handelsbanken, Stockholm, 0.210% - 0.230%, 4/16/2021 - 5/18/2021 | 39,985,620 | |
30,000,000 | Toronto Dominion Bank, 0.220%, 2/19/2021 | 29,996,700 | |
TOTAL | 256,134,168 | ||
Finance - Commercial— 7.3% | |||
30,000,000 | CAFCO, LLC, 0.170% - 0.200%, 4/23/2021 - 7/6/2021 | 29,983,781 | |
10,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.200%, 7/12/2021 | 10,000,000 | |
20,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.200%, 7/16/2021 | 20,000,000 | |
20,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 7/6/2021 | 20,000,000 | |
TOTAL | 79,983,781 | ||
Finance - Retail— 13.2% | |||
35,000,000 | Chariot Funding LLC, 0.190% - 0.220%, 3/1/2021 - 5/21/2021 | 34,985,754 | |
30,000,000 | Fairway Finance Co. LLC, 0.210%, 2/18/2021 | 29,997,025 | |
20,000,000 | Old Line Funding, LLC, 0.190%, 2/25/2021 | 19,997,467 | |
10,000,000 | Old Line Funding, LLC, 0.290%, 7/6/2021 | 9,991,091 | |
50,000,000 | Sheffield Receivables Company LLC, 0.200% - 0.230%, 2/18/2021 - 3/31/2021 | 49,989,927 | |
TOTAL | 144,961,264 | ||
Finance - Securities— 6.2% | |||
15,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Royal Bank of Canada COL)/(Societe Generale, Paris COL), 0.220%, 2/1/2021 | 15,000,000 | |
5,000,000 | Collateralized Commercial Paper FLEX Co., LLC, 0.210% - 0.270%, 2/4/2021 - 5/19/2021 | 4,997,880 | |
2,500,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 0.260%, 2/22/2021 | 2,499,621 |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Finance - Securities— continued | |||
$45,000,000 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 0.100%, 2/2/2021 | $44,999,875 | |
TOTAL | 67,497,376 | ||
Sovereign— 13.3% | |||
40,000,000 | BNG Bank N.V., 0.140% - 0.200%, 3/4/2021 - 5/10/2021 | 39,986,890 | |
35,000,000 | Caisse des Depots et Consignations (CDC), 0.200% - 0.230%, 3/18/2021 - 5/10/2021 | 34,985,997 | |
20,000,000 | Erste Abwicklungsanstalt, 0.180%, 4/9/2021 | 19,994,828 | |
51,000,000 | FMS Wertmanagement AoR, 0.170% - 0.225%, 2/18/2021 - 4/22/2021 | 50,985,768 | |
TOTAL | 145,953,483 | ||
TOTAL COMMERCIAL PAPER (IDENTIFIED COST $704,482,063) | 704,526,232 | ||
CERTIFICATES OF DEPOSIT— 6.8% | |||
Finance - Banking— 6.8% | |||
5,000,000 | Bank of Montreal, 0.210%, 2/25/2021 | 5,000,000 | |
5,000,000 | Bank of Nova Scotia, Toronto, 0.290%, 12/10/2021 | 5,002,222 | |
20,000,000 | Canadian Imperial Bank of Commerce, 0.260% - 0.600%, 5/3/2021 - 1/4/2022 | 20,014,905 | |
30,000,000 | Sumitomo Mitsui Banking Corp., 0.150%, 3/15/2021 | 30,003,494 | |
15,000,000 | Toronto Dominion Bank, 0.220% - 0.240%, 3/1/2021 - 4/29/2021 | 15,002,999 | |
TOTAL CERTIFICATES OF DEPOSIT (IDENTIFIED COST $75,003,494) | 75,023,620 | ||
2 | NOTES - VARIABLE— 4.6% | ||
Finance - Banking— 4.6% | |||
10,000,000 | Bank of Montreal, 0.314% (3-month USLIBOR +0.100%), 2/12/2021 | 10,000,000 | |
5,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.270% (Effective Fed Funds +0.200%), 2/1/2021 | 5,000,000 | |
5,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.300% (Effective Fed Funds +0.220%), 2/1/2021 | 5,001,513 | |
15,000,000 | Canadian Imperial Bank of Commerce, 0.320% (Secured Overnight Financing Rate +0.280%), 2/1/2021 | 15,000,000 | |
10,000,000 | Royal Bank of Canada, New York Branch, 0.270% (Secured Overnight Financing Rate +0.230%), 2/1/2021 | 10,005,178 | |
5,000,000 | Toronto Dominion Bank, 0.513% (3-month USLIBOR +0.300%), 4/27/2021 | 5,003,732 | |
TOTAL NOTES - VARIABLE (IDENTIFIED COST $50,000,000) | 50,010,423 | ||
TIME DEPOSITS— 4.5% | |||
Finance - Banking— 4.5% | |||
50,000,000 | ABN Amro Bank NV, 0.100%, 2/4/2021 - 2/5/2021 (IDENTIFIED COST $50,000,000) | 50,000,000 |
Principal Amount | Value | ||
U.S. TREASURY— 2.3% | |||
U.S. Treasury Bills— 2.3% | |||
$25,000,000 | 1 | United States Treasury Bills, 0.117%, 3/4/2021 (IDENTIFIED COST $24,997,471) | $24,997,470 |
OTHER REPURCHASE AGREEMENTS— 14.1% | |||
Finance - Banking— 14.1% | |||
20,000,000 | BMO Capital Markets Corp., 0.17%, dated 1/29/2021, interest in a $175,000,000 collateralized loan agreement will repurchase securities provided as collateral for $175,002,479 on 2/1/2021, in which asset-backed securities corporate bonds and medium-term notes with a market value of $178,503,708 have been received as collateral and held with BNY Mellon as tri-party agent. | 20,000,000 | |
4,000,000 | BNP Paribas S.A. 0.20%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,001,667 on 2/1/2021, in which asset-backed securities, corporate bonds, medium-term notes and Sovereign with a market value of $102,001,701 have been received as collateral and held with BNY Mellon as tri-party agent. | 4,000,000 | |
1,600,000 | Citigroup Global Markets, Inc., 0.59%, dated 1/17/2020, interest in a $85,000,000 collateralized loan agreement will repurchase securities provided as collateral for $85,254,929 on 5/19/2021, in which Sovereign with a market value of $86,955,352 have been received as collateral and held with BNY Mellon as tri-party agent. | 1,600,000 | |
15,000,000 | Credit Agricole S.A., 0.19%, dated 1/25/2021, interest in a $600,000,000 collateralized loan agreement will repurchase securities provided as collateral for $600,019,000 on 2/1/2021, in which corporate bonds, medium-term notes, municipal bonds, sovereign debt and treasury bonds with a market value of $612,019,380 have been received as collateral and held with BNY Mellon as tri-party agent. | 15,000,000 | |
25,000,000 | Credit Agricole S.A., 0.20%, dated 1/28/2021, interest in a $125,000,000 collateralized loan agreement will repurchase securities provided as collateral for $125,004,167 on 2/4/2021, in which asset-backed securities, corporate bonds, medium-term notes and sovereign debt with a market value of $127,502,125 have been received as collateral and held with BNY Mellon as tri-party agent. | 25,000,000 | |
5,000,000 | ING Financial Markets LLC, 0.19%, dated 1/29/2021, interest in a $25,000,000 collateralized loan agreement will repurchase securities provided as collateral for $25,000,396 on 2/1/2021, in which corporate bonds and medium-term notes with a market value of $25,501,312 have been received as collateral and held with BNY Mellon as tri-party agent. | 5,000,000 | |
25,000,000 | J.P. Morgan Securities LLC, 0.07%, dated 1/12/2021, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,011,667 on 2/5/2021, in which corporate bonds and medium-term notes with a market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 25,000,000 | |
15,000,000 | J.P. Morgan Securities LLC, 0.27%, dated 1/26/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,010,500 on 2/2/2021, in which corporate bonds and medium-term notes with a market value of $204,000,001 have been received as collateral and held with BNY Mellon as tri-party agent. | 15,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$20,000,000 | Mizuho Securities USA, Inc., 0.43%, dated 1/29/2021, interest in a $75,000,000 collateralized loan agreement will repurchase securities provided as collateral for $75,002,688 on 2/1/2021, in which treasury notes with a market value of $76,502,776 have been received as collateral and held with BNY Mellon as tri-party agent. | $20,000,000 | |
24,000,000 | Societe Generale, Paris, 0.17%, dated 1/29/2021, interest in a $500,000,000 collateralized loan agreement will repurchase securities provided as collateral for $500,007,083 on 2/1/2021, in which asset-backed securities, corporate bonds, medium-term notes and sovereign with a market value of $510,031,382 have been received as collateral and held with BNY Mellon as tri-party agent. | 24,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS (IDENTIFIED COST $154,600,000) | 154,600,000 | ||
REPURCHASE AGREEMENT— 3.5% | |||
Finance - Banking— 3.5% | |||
38,131,000 | Interest in $2,000,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $2,000,010,000 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 11/20/2049 and the market value of those underlying securities was $2,040,010,200. (IDENTIFIED COST $38,131,000) | 38,131,000 | |
TOTAL INVESTMENT IN SECURITIES—100.0% (IDENTIFIED COST 1,097,214,028)3 | 1,097,288,745 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.0)%4 | (227,155) | ||
TOTAL NET ASSETS—100% | $1,097,061,590 |
1 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. |
3 | Also represents cost for federal tax purposes. |
4 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
GTD | —Guaranteed | |
LIBOR | —London Interbank Offered Rate | |
LIQ | —Liquidity Agreement |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.0000 | $0.9998 | $0.9997 | $1.0001 | $1.0000 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0005 | 0.0141 | 0.0238 | 0.0157 | 0.0067 | 0.003 |
Net realized and unrealized gain (loss) | (0.0002) | 0.0002 | 0.0001 | (0.0004) | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0003 | 0.0143 | 0.0239 | 0.0153 | 0.0068 | 0.003 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0005) | (0.0141) | (0.0238) | (0.0157) | (0.0067) | (0.003) |
Distributions from net realized gain | (0.0000)2 | (0.0000)2 | (0.0000)2 | (0.0000)2 | (0.0000)2 | (0.000)1 |
Total Distributions | (0.0005) | (0.0141) | (0.0238) | (0.0157) | (0.0067) | (0.003) |
Net Asset Value, End of Period | $0.9998 | $1.0000 | $0.9998 | $0.9997 | $1.0001 | $1.00 |
Total Return3 | 0.03% | 1.44% | 2.42% | 1.54% | 0.68% | 0.33% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.15%5 | 0.15% | 0.15% | 0.15% | 0.15% | 0.16% |
Net investment income | 0.11%5 | 1.20% | 2.39% | 1.47% | 0.43% | 0.36% |
Expense waiver/reimbursement6 | 0.17%5 | 0.21% | 1.02% | 0.81% | 0.18% | 0.14% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,090,986 | $1,353,697 | $66,410 | $34,986 | $59,661 | $7,243,840 |
1 | Represents less than $0.001. |
2 | Represents less than $0.0001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $0.9999 | $0.9997 | $0.9997 | $1.0001 | $1.0000 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.0115 | 0.0213 | 0.0133 | 0.0043 | 0.001 |
Net realized and unrealized gain (loss) | (0.0002) | 0.0003 | 0.00001 | (0.0005) | 0.00001 | 0.0002 |
Total From Investment Operations | (0.0001) | 0.0118 | 0.0213 | 0.0128 | 0.0043 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0001) | (0.0116) | (0.0213) | (0.0132) | (0.0042) | (0.001) |
Distributions from net realized gain | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.000)2 |
Total Distributions | (0.0001) | (0.0116) | (0.0213) | (0.0132) | (0.0042) | (0.001) |
Net Asset Value, End of Period | $0.9997 | $0.9999 | $0.9997 | $0.9997 | $1.0001 | $1.00 |
Total Return3 | (0.01)% | 1.18% | 2.15% | 1.28% | 0.43% | 0.11% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.25%5 | 0.40% | 0.40% | 0.40% | 0.40% | 0.37% |
Net investment income | 0.01%5 | 0.98% | 2.16% | 1.25% | 0.18% | 0.11% |
Expense waiver/reimbursement6 | 0.33%5 | 0.27% | 1.02% | 0.85% | 0.16% | 0.17% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,062 | $781 | $560 | $499 | $1,017 | $156,150 |
1 | Represents less than $0.0001. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.0000 | $0.9998 | $0.9997 | $1.0001 | $1.0000 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0003 | 0.0131 | 0.0228 | 0.0147 | 0.0058 | 0.002 |
Net realized and unrealized gain (loss) | (0.0003) | 0.0002 | 0.0001 | (0.0004) | (0.0000)1 | 0.0002 |
Total From Investment Operations | 0.00001 | 0.0133 | 0.0229 | 0.0143 | 0.0058 | 0.002 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0002) | (0.0131) | (0.0228) | (0.0147) | (0.0057) | (0.002) |
Distributions from net realized gain | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.000)2 |
Total Distributions | (0.0002) | (0.0131) | (0.0228) | (0.0147) | (0.0057) | (0.002) |
Net Asset Value, End of Period | $0.9998 | $1.0000 | $0.9998 | $0.9997 | $1.0001 | $1.00 |
Total Return3 | 0.00% | 1.33% | 2.32% | 1.44% | 0.58% | 0.23% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.23%5 | 0.25% | 0.25% | 0.25% | 0.25% | 0.26% |
Net investment income | 0.03%5 | 1.31% | 2.28% | 1.44% | 0.28% | 0.18% |
Expense waiver/reimbursement6 | 0.20%5 | 0.28% | 1.04% | 0.86% | 0.21% | 0.14% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $178 | $181 | $178 | $174 | $172 | $8,350 |
1 | Represents less than $0.0001. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.0000 | $0.9998 | $0.9997 | $1.0001 | $1.0000 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.0122 | 0.0218 | 0.0137 | 0.0044 | 0.001 |
Net realized and unrealized gain (loss) | (0.0002) | 0.0001 | 0.0001 | (0.0004) | 0.0001 | 0.0001 |
Total From Investment Operations | (0.0001) | 0.0123 | 0.0219 | 0.0133 | 0.0045 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0001) | (0.0121) | (0.0218) | (0.0137) | (0.0044) | (0.001) |
Distributions from net realized gain | (0.0000)2 | (0.0000)2 | (0.0000)2 | (0.0000)2 | (0.0000)2 | (0.000)1 |
Total Distributions | (0.0001) | (0.0121) | (0.0218) | (0.0137) | (0.0044) | (0.001) |
Net Asset Value, End of Period | $0.9998 | $1.0000 | $0.9998 | $0.9997 | $1.0001 | $1.00 |
Total Return3 | (0.01)% | 1.23% | 2.21% | 1.33% | 0.46% | 0.12% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.25%5 | 0.35% | 0.35% | 0.35% | 0.38% | 0.37% |
Net investment income | 0.01%5 | 1.21% | 2.18% | 1.32% | 0.43% | 0.11% |
Expense waiver/reimbursement6 | 0.33%5 | 0.29% | 1.04% | 0.85% | 0.34% | 0.17% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $4,835 | $4,918 | $5,216 | $6,275 | $7,418 | $12,520 |
1 | Represents less than $0.001. |
2 | Represents less than $0.0001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $192,731,000 |
Investment in securities | 904,557,745 |
Investment in securities, at value including (identified cost $1,097,214,028) | 1,097,288,745 |
Income receivable | 104,730 |
Total Assets | 1,097,393,475 |
Liabilities: | |
Payable to bank | 788 |
Income distribution payable | 49,891 |
Payable for investment adviser fee (Note 5) | 2,452 |
Payable for administrative fee (Note 5) | 7,042 |
Payable for custodian fees | 32,358 |
Payable for transfer agent fees | 42,259 |
Payable for portfolio accounting fees | 154,728 |
Payable for share registration costs | 37,481 |
Accrued expenses (Note 5) | 4,886 |
Total Liabilities | 331,885 |
Net assets for 1,097,273,868 shares outstanding | $1,097,061,590 |
Net Assets Consist of: | |
Paid-in capital | $1,096,986,387 |
Total distributable earnings (loss) | 75,203 |
Total Net Assets | $1,097,061,590 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share | |
Institutional Shares: | |
$1,090,986,313 ÷ 1,091,197,304 shares outstanding, no par value, unlimited shares authorized | $0.9998 |
Service Shares: | |
$1,062,451 ÷ 1,062,768 shares outstanding, no par value, unlimited shares authorized | $0.9997 |
Capital Shares: | |
$178,214 ÷ 178,250 shares outstanding, no par value, unlimited shares authorized | $0.9998 |
Eagle Shares: | |
$4,834,612 ÷ 4,835,546 shares outstanding, no par value, unlimited shares authorized | $0.9998 |
Investment Income: | |
Interest | $1,602,913 |
Expenses: | |
Investment adviser fee (Note 5) | 1,226,572 |
Administrative fee (Note 5) | 478,248 |
Custodian fees | 27,631 |
Transfer agent fees | 86,027 |
Directors’/Trustees’ fees (Note 5) | 3,063 |
Auditing fees | 10,417 |
Legal fees | 5,261 |
Portfolio accounting fees | 92,639 |
Other service fees (Notes 2 and 5) | 7,471 |
Share registration costs | 46,315 |
Printing and postage | 10,886 |
Miscellaneous (Note 5) | 31,288 |
TOTAL EXPENSES | 2,025,818 |
Waivers and Reimbursement: | |
Waiver of investment adviser fee (Note 5) | (1,068,369) |
Waivers/reimbursement of other operating expenses (Notes 2 and 5) | (4,641) |
TOTAL WAIVERS AND REIMBURSEMENT | (1,073,010) |
Net expenses | 952,808 |
Net investment income | 650,105 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized gain on investments | 629 |
Net change in unrealized appreciation of investments | (312,809) |
Net realized and unrealized gain (loss) on investments | (312,180) |
Change in net assets resulting from operations | $337,925 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended 7/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income (loss) | $650,105 | $12,016,460 |
Net realized gain (loss) | 629 | 6,355 |
Net change in unrealized appreciation/depreciation | (312,809) | 378,862 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 337,925 | 12,401,677 |
Distributions to Shareholders: | ||
Institutional Shares | (653,707) | (11,947,993) |
Service Shares | (56) | (7,006) |
Capital Shares | (27) | (2,342) |
Eagle Shares | (231) | (61,757) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (654,021) | (12,019,098) |
Share Transactions: | ||
Proceeds from sale of shares | 510,464,627 | 2,983,313,898 |
Net asset value of shares issued to shareholders in payment of distributions declared | 95,398 | 1,094,942 |
Cost of shares redeemed | (772,759,257) | (1,697,579,154) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (262,199,232) | 1,286,829,686 |
Change in net assets | (262,515,328) | 1,287,212,265 |
Net Assets: | ||
Beginning of period | 1,359,576,918 | 72,364,653 |
End of period | $1,097,061,590 | $1,359,576,918 |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $1,311 | $(296) | $(541) |
Capital Shares | 90 | — | (22) |
Eagle Shares | 6,070 | (194) | (3,588) |
TOTAL | $7,471 | $(490) | $(4,151) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 506,980,096 | $506,960,330 | 2,976,223,560 | $2,976,145,999 |
Shares issued to shareholders in payment of distributions declared | 95,150 | 95,138 | 1,032,305 | 1,032,261 |
Shares redeemed | (769,523,452) | (769,451,819) | (1,690,036,166) | (1,690,272,234) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (262,448,206) | $(262,396,351) | 1,287,219,699 | $1,286,906,026 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 3,365,955 | $3,365,062 | 6,641,289 | $6,639,763 |
Shares issued to shareholders in payment of distributions declared | 2 | 2 | 230 | 230 |
Shares redeemed | (3,084,450) | (3,083,589) | (6,420,362) | (6,418,747) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | 281,507 | $281,475 | 221,157 | $221,246 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | — | $— | — | $— |
Shares issued to shareholders in payment of distributions declared | 27 | 27 | 2,342 | 2,342 |
Shares redeemed | (2,451) | (2,451) | — | — |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (2,424) | $(2,424) | 2,342 | $2,342 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Eagle Shares: | Shares | Amount | Shares | Amount |
Shares sold | 139,255 | $139,235 | 528,231 | $528,136 |
Shares issued to shareholders in payment of distributions declared | 231 | 231 | 60,119 | 60,109 |
Shares redeemed | (221,433) | (221,398) | (888,245) | (888,173) |
NET CHANGE RESULTING FROM EAGLE SHARE TRANSACTIONS | (81,947) | $(81,932) | (299,895) | $(299,928) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (262,251,070) | $(262,199,232) | 1,287,143,303 | $1,286,829,686 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2020 | Ending Account Value 1/31/2021 | Expenses Paid During Period1 | |
Actual: | |||
Institutional Shares | $1,000 | $1,000.30 | $0.76 |
Service Shares | $1,000 | $999.90 | $21.26 |
Capital Shares | $1,000 | $1,000.00 | $1.16 |
Eagle Shares | $1,000 | $999.90 | $31.26 |
Hypothetical (assuming a 5% return before expenses): | |||
Institutional Shares | $1,000 | $1,024.45 | $0.77 |
Service Shares | $1,000 | $1,023.95 | $21.28 |
Capital Shares | $1,000 | $1,024.05 | $1.17 |
Eagle Shares | $1,000 | $1,023.95 | $31.28 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Institutional Shares | 0.15% |
Service Shares | 0.25% |
Capital Shares | 0.23% |
Eagle Shares | 0.25% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Service Shares current Fee Limit of 0.40% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.02 and $2.04, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Eagle Shares current Fee Limit of 0.40% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.02 and $2.04, respectively. |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 608919742
CUSIP 608919759
CUSIP 60934N211
Share Class | Ticker | Automated | PTAXX | R | PTRXX | Wealth | PCOXX |
Advisor | PCVXX | Service | PRCXX | Cash II | PCDXX | |
Cash Series | PTSXX | Capital | PCCXX | Trust | PTTXX |
Federated Hermes Prime Cash Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Commercial Paper | 50.5% |
Bank Instruments | 21.3% |
Other Repurchase Agreements and Repurchase Agreements | 16.2% |
Variable Rate Instruments | 3.2% |
U.S. Treasury Securities | 1.5% |
Municipal Bond | 0.2% |
Cash Equivalent2 | 6.0% |
Other Assets and Liabilities—Net3 | 1.1% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. With respect to this table, Commercial Paper includes commercial paper with interest rates that are fixed or that reset periodically. |
2 | Cash Equivalents include any investments in money market mutual funds. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 38.8% |
8-30 Days | 15.8% |
31-90 Days | 24.7% |
91-180 Days | 15.9% |
181 Days or more | 3.7% |
Other Assets and Liabilities—Net2 | 1.1% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount or Shares | Value | ||
1 | COMMERCIAL PAPER— 50.5% | ||
Finance - Banking— 21.0% | |||
$ 90,000,000 | Alpine Securitization LLC, (Credit Suisse AG LIQ), 0.210%, 7/7/2021 | $90,000,000 | |
100,000,000 | ASB Finance Ltd., (GTD by ASB Bank Ltd.), 0.190%, 2/25/2021 | 99,987,333 | |
335,500,000 | Australia & New Zealand Banking Group, Melbourne, 0.145% - 0.260%, 4/27/2021 - 7/22/2021 | 335,209,847 | |
75,000,000 | Bank of Montreal, 0.250%, 3/23/2021 | 74,973,958 | |
258,100,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.200% - 0.281%, 4/19/2021 - 9/7/2021 | 257,888,883 | |
470,000,000 | BPCE SA, 0.190% - 0.200%, 2/1/2021 - 4/5/2021 | 469,933,500 | |
135,000,000 | DNB Bank ASA, 0.190%, 7/12/2021 | 134,885,287 | |
32,500,000 | Malayan Banking Berhad, New York - CPLOC, (Wells Fargo Bank, N.A. LOC), 0.310%, 4/19/2021 | 32,478,451 | |
95,000,000 | National Australia Bank Ltd., Melbourne, 0.240%, 6/7/2021 | 94,920,200 | |
1,143,500,000 | Nationwide Building Society, 0.160% - 0.255%, 2/2/2021 - 3/10/2021 | 1,143,372,416 | |
924,500,000 | NRW.Bank, 0.155% - 0.225%, 2/8/2021 - 6/1/2021 | 924,211,564 | |
150,000,000 | 2 | Royal Bank of Canada, New York Branch, 0.240% (Secured Overnight Financing Rate +0.200%), 2/1/2021 | 150,000,000 |
110,000,000 | 2 | Royal Bank of Canada, New York Branch, 0.280% (Effective Fed Funds +0.210%), 2/1/2021 | 110,000,000 |
175,000,000 | Societe Generale, Paris, 0.210%, 2/5/2021 | 174,995,917 | |
575,000,000 | Svenska Handelsbanken, Stockholm, 0.200% - 0.230%, 4/8/2021 - 7/7/2021 | 574,670,396 | |
590,000,000 | Toronto Dominion Bank, 0.220% - 0.654%, 2/19/2021 - 4/30/2021 | 589,745,778 | |
TOTAL | 5,257,273,530 | ||
Finance - Commercial— 5.7% | |||
145,000,000 | Bennington Stark Capital Co., LLC, (Societe Generale, Paris LIQ), 0.170% - 0.200%, 3/5/2021 - 3/12/2021 | 144,973,743 | |
24,250,000 | CAFCO, LLC, 0.210%, 3/11/2021 | 24,244,625 | |
75,000,000 | CHARTA, LLC, 0.210% - 0.230%, 4/16/2021 - 5/4/2021 | 74,959,819 | |
50,000,000 | CRC Funding, LLC, 0.220%, 4/9/2021 | 49,979,528 | |
181,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.200%, 7/12/2021 | 181,000,000 | |
25,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.200%, 7/13/2021 | 25,000,000 | |
230,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.200%, 7/16/2021 | 230,000,000 | |
150,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/6/2021 | 150,000,000 |
Principal Amount or Shares | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Finance - Commercial— continued | |||
$ 80,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/13/2021 | $80,000,000 | |
45,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/19/2021 | 45,000,000 | |
80,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 7/6/2021 | 80,000,000 | |
50,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 4/26/2021 | 50,000,000 | |
100,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 4/28/2021 | 100,000,000 | |
50,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 5/3/2021 | 50,000,000 | |
150,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 5/3/2021 | 150,000,000 | |
TOTAL | 1,435,157,715 | ||
Finance - Retail— 8.9% | |||
483,000,000 | Chariot Funding LLC, 0.190% - 0.220%, 2/9/2021 - 5/20/2021 | 482,919,665 | |
120,000,000 | Fairway Finance Co. LLC, 0.200% - 0.210%, 3/2/2021 - 4/7/2021 | 119,969,002 | |
330,000,000 | Old Line Funding, LLC, 0.180% - 0.260%, 2/25/2021 - 7/6/2021 | 329,766,321 | |
20,000,000 | Old Line Funding, LLC, 0.240%, 3/15/2021 | 19,994,400 | |
50,000,000 | Old Line Funding, LLC, 0.250%, 6/14/2021 | 49,953,819 | |
10,000,000 | Old Line Funding, LLC, 0.290%, 7/6/2021 | 9,987,514 | |
971,000,000 | Sheffield Receivables Company LLC, 0.190% - 0.250%, 2/2/2021 - 4/23/2021 | 970,801,795 | |
184,000,000 | Thunder Bay Funding, LLC, 0.190% - 0.210%, 2/24/2021 - 4/22/2021 | 183,943,255 | |
65,000,000 | Thunder Bay Funding, LLC, 0.230%, 7/16/2021 | 64,931,479 | |
TOTAL | 2,232,267,250 | ||
Finance - Securities— 7.7% | |||
88,000,000 | 2 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Royal Bank of Canada COL)/(Societe Generale, Paris COL), 0.246% (1-month USLIBOR +0.120%), 5/12/2021 | 88,000,000 |
70,000,000 | 2 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Royal Bank of Canada COL)/(Societe Generale, Paris COL), 0.252% (1-month USLIBOR +0.120%), 5/7/2021 | 70,000,000 |
477,000,000 | Anglesea Funding LLC, 0.220% - 0.270%, 2/23/2021 - 6/11/2021 | 476,744,474 | |
100,000,000 | Chesham Finance LLC Series III, (Societe Generale, Paris COL), 0.110%, 2/3/2021 | 99,999,389 | |
474,000,000 | Collateralized Commercial Paper FLEX Co., LLC, 0.250% - 0.311%, 2/2/2021 - 7/20/2021 | 473,700,685 | |
515,000,000 | Collateralized Commercial Paper V Co. LLC, 0.210% - 0.270%, 2/3/2021 - 8/11/2021 | 514,796,357 |
Principal Amount or Shares | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Finance - Securities— continued | |||
$ 40,000,000 | 2 | Glencove Funding LLC, (JPMorgan Chase Bank, N.A. COL), 0.272% (3-month USLIBOR +0.050%), 7/21/2021 | $40,000,000 |
48,000,000 | Longship Funding LLC, (Nordea Bank Abp COL), 0.210%, 2/2/2021 | 47,999,720 | |
100,000,000 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 0.100%, 2/2/2021 | 99,999,722 | |
TOTAL | 1,911,240,347 | ||
Insurance— 0.1% | |||
20,000,000 | PRICOA Short Term Funding, LLC, 0.451%, 2/1/2021 | 20,000,000 | |
Sovereign— 7.1% | |||
200,000,000 | BNG Bank N.V., 0.180% - 0.200%, 3/4/2021 - 5/10/2021 | 199,919,478 | |
295,000,000 | Caisse des Depots et Consignations (CDC), 0.140% - 0.210%, 3/11/2021 - 4/28/2021 | 294,914,908 | |
185,000,000 | Erste Abwicklungsanstalt, 0.170% - 0.180%, 4/6/2021 - 4/12/2021 | 184,939,547 | |
1,026,000,000 | FMS Wertmanagement AoR, 0.160% - 0.225%, 2/2/2021 - 4/30/2021 | 1,025,728,288 | |
75,000,000 | Nederlandse Waterschapsbank NV, 0.190%, 7/7/2021 | 74,938,250 | |
TOTAL | 1,780,440,471 | ||
TOTAL COMMERCIAL PAPER | 12,636,379,313 | ||
CERTIFICATES OF DEPOSIT— 14.1% | |||
Finance - Banking— 14.1% | |||
550,000,000 | Bank of Montreal, 0.200% - 0.250%, 2/5/2021 - 3/22/2021 | 550,000,000 | |
100,000,000 | 2 | Bank of Montreal, 0.240% (Secured Overnight Financing Rate +0.200%), 2/1/2021 | 100,000,000 |
100,000,000 | 2 | Bank of Montreal, 0.280% (Secured Overnight Financing Rate +0.240%), 2/1/2021 | 100,000,000 |
200,000,000 | Bank of Nova Scotia, Toronto, 0.250%, 10/7/2021 | 200,000,000 | |
615,000,000 | Canadian Imperial Bank of Commerce, 0.260% - 0.600%, 5/3/2021 - 1/4/2022 | 615,000,000 | |
130,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.280% (Effective Fed Funds +0.210%), 2/1/2021 | 130,000,000 |
35,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.320% (Secured Overnight Financing Rate +0.280%), 2/1/2021 | 35,000,000 |
63,425,000 | DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 0.210%, 2/25/2021 | 63,425,000 | |
320,000,000 | Mizuho Bank Ltd., 0.150% - 0.180%, 4/8/2021 - 4/29/2021 | 320,000,000 | |
175,000,000 | MUFG Bank Ltd., 0.190%, 4/21/2021 - 4/22/2021 | 175,000,000 | |
200,000,000 | Nordea Bank Abp, 0.100%, 2/1/2021 | 200,000,000 | |
100,000,000 | 2 | Royal Bank of Canada, 0.290% (Secured Overnight Financing Rate +0.250%), 2/1/2021 | 100,000,000 |
207,500,000 | 2 | Royal Bank of Canada, 0.590% (Secured Overnight Financing Rate +0.550%), 2/1/2021 | 207,500,000 |
50,000,000 | Royal Bank of Canada, 0.970%, 5/24/2021 | 50,000,000 |
Principal Amount or Shares | Value | ||
CERTIFICATES OF DEPOSIT— continued | |||
Finance - Banking— continued | |||
$ 50,000,000 | Sumitomo Mitsui Banking Corp., 0.150%, 3/15/2021 | $50,005,824 | |
575,000,000 | Toronto Dominion Bank, 0.220% - 0.500%, 3/1/2021 - 10/4/2021 | 575,000,000 | |
50,000,000 | Toronto Dominion Bank, 0.270%, 10/8/2021 | 50,000,000 | |
TOTAL CERTIFICATES OF DEPOSIT | 3,520,930,824 | ||
TIME DEPOSITS— 7.2% | |||
Finance - Banking— 7.2% | |||
950,000,000 | ABN Amro Bank NV, 0.100% - 0.110%, 2/1/2021 - 2/5/2021 | 950,000,000 | |
200,000,000 | Australia & New Zealand Banking Group, Melbourne, 0.100%, 2/3/2021 | 200,000,000 | |
150,000,000 | Cooperatieve Rabobank UA, 0.070%, 2/1/2021 | 150,000,000 | |
150,000,000 | DNB Bank ASA, 0.050%, 2/1/2021 | 150,000,000 | |
200,000,000 | Mizuho Bank Ltd., 0.080%, 2/1/2021 | 200,000,000 | |
150,000,000 | Nordea Bank Abp, 0.060%, 2/1/2021 | 150,000,000 | |
TOTAL TIME DEPOSITS | 1,800,000,000 | ||
2 | NOTES - VARIABLE— 3.2% | ||
Finance - Banking— 2.3% | |||
100,000,000 | Bank of America N.A., 0.190%, 2/4/2021 | 100,000,000 | |
90,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.270% (Effective Fed Funds +0.200%), 2/1/2021 | 90,000,000 | |
100,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.270% (Effective Fed Funds +0.200%), 2/1/2021 | 100,000,000 | |
95,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.290% (Effective Fed Funds +0.220%), 2/1/2021 | 95,000,000 | |
6,725,000 | Fiore Capital LLC, (Wells Fargo Bank, N.A. LOC), 0.180%, 2/4/2021 | 6,725,000 | |
1,615,000 | Gadsden, AL Airport Authority, Series 2004, (Wells Fargo Bank, N.A. LOC), 0.160%, 2/4/2021 | 1,615,000 | |
16,820,000 | Michigan State Housing Development Authority, (Series C) Weekly VRDNs, (Bank of America N.A. LOC), 0.070%, 2/3/2021 | 16,820,000 | |
3,000,000 | Mike P. Sturdivant, Sr. Family Trust, Series 2016, (Wells Fargo Bank, N.A. LOC), 0.150%, 2/4/2021 | 3,000,000 | |
825,000 | Montgomery, AL IDB, (Wells Fargo Bank, N.A. LOC), 0.280%, 2/4/2021 | 825,000 | |
29,435,000 | Panel Rey S.A., Series 2016, (Citibank N.A., New York LOC), 0.150%, 2/4/2021 | 29,435,000 | |
12,746,100 | Partisan Property, Inc., Series 2014, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/3/2021 | 12,746,100 | |
35,000,000 | Royal Bank of Canada, New York Branch, 0.270% (Secured Overnight Financing Rate +0.230%), 2/1/2021 | 35,000,000 | |
2,685,000 | Spira Millenium LLC, Series 2001, (Bank of America N.A. LOC), 0.160%, 2/4/2021 | 2,685,000 | |
15,000,000 | SSAB AB (publ), Series 2015-A, (DNB Bank ASA LOC), 0.150%, 2/4/2021 | 15,000,000 |
Principal Amount or Shares | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 5,270,000 | St. Andrew United Methodist Church, Series 2004, (Wells Fargo Bank, N.A. LOC), 0.500%, 2/4/2021 | $5,270,000 | |
430,000 | Sun Valley, Inc., (Wells Fargo Bank, N.A. LOC), 0.170%, 2/5/2021 | 430,000 | |
34,465,000 | Texas State, Veterans Bonds, Series 2019 Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.040%, 2/3/2021 | 34,465,000 | |
18,290,000 | Triborough Bridge & Tunnel Authority, NY, (Taxable Series E) Weekly VRDNs, (Bank of America N.A. LOC), 0.100%, 2/4/2021 | 18,290,000 | |
TOTAL | 567,306,100 | ||
Government Agency— 0.9% | |||
4,915,000 | 1320 W Jefferson LLC, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 4,915,000 | |
4,925,000 | Andrew Long Irrevocable Family Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 4,925,000 | |
1,700,000 | Archer 1 LLC, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 1,700,000 | |
2,100,000 | BWF Forge TL Properties Owner LLC, (FHLB of Des Moines LOC)/(FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 2,100,000 | |
1,830,000 | CMR LLC, CMR LLC Project Series 2017, (FHLB of Indianapolis LOC), 0.240%, 2/4/2021 | 1,830,000 | |
6,615,000 | Dennis Wesley Company, Inc., The Dennis Wesley Company, Inc. Project, (FHLB of Indianapolis LOC), 0.150%, 2/4/2021 | 6,615,000 | |
8,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-A, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 8,000,000 | |
4,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-B, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 4,000,000 | |
6,740,000 | Mason Harrison Ratliff Enterprises, LLC, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 6,740,000 | |
25,622,500 | Naples SI, LLC, (FHLB of Indianapolis LOC), 0.160%, 2/4/2021 | 25,622,500 | |
11,400,000 | NWD 2017 Family Trust No. 1, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 11,400,000 | |
35,960,000 | Park Stanton Place LP, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 35,960,000 | |
6,960,000 | Phenix City, AL Downtown Redevelopment Authority, Series 2013-A, (FHLB of New York LOC), 0.150%, 2/4/2021 | 6,960,000 | |
21,000,000 | Pittsburg Fox Creek Associates L.P., Series 2011-A, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 21,000,000 | |
5,410,000 | Public Finance Authority, Series 2015-A Ram Eufaula Hospitality, LLC, (FHLB of New York LOC), 0.150%, 2/4/2021 | 5,410,000 | |
13,150,000 | Rohnert Park 668, L.P., (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 13,150,000 | |
7,600,000 | Sandy Jacobs Irrevocable Insurance Trust, Series 2019, (FHLB of Des Moines LOC), 0.150%, 2/4/2021 | 7,600,000 |
Principal Amount or Shares | Value | ||
2 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 11,260,000 | Shawn R. Trapuzzano Irrevocable Insurance Trust, (FHLB of Pittsburgh LOC), 0.150%, 2/4/2021 | $11,260,000 | |
7,680,000 | The J.G. Aguirre Master Trust, (FHLB of Atlanta LOC), 0.150%, 2/4/2021 | 7,680,000 | |
20,330,000 | The Murray D. Berry Trust, (FHLB of Des Moines LOC), 0.150%, 2/3/2021 | 20,330,000 | |
20,945,000 | The Ray L. Berry Trust, (FHLB of Des Moines LOC), 0.150%, 2/3/2021 | 20,945,000 | |
TOTAL | 228,142,500 | ||
TOTAL NOTES - VARIABLE | 795,448,600 | ||
1 | U.S. TREASURY— 1.5% | ||
U.S. Treasury Bills— 1.5% | |||
95,000,000 | United States Treasury Bills, 0.085%, 5/6/2021 | 94,978,915 | |
100,000,000 | United States Treasury Bills, 0.087%, 4/27/2021 | 99,979,340 | |
120,000,000 | United States Treasury Bills, 0.100%, 7/1/2021 | 119,950,000 | |
67,000,000 | United States Treasury Bills, 0.115%, 3/30/2021 | 66,987,801 | |
TOTAL U.S. TREASURY | 381,896,056 | ||
MUNICIPAL BONDS— 0.2% | |||
Municipal— 0.2% | |||
10,000,000 | Alabama State Public School & College Authority, (Series 2020B), 0.253%, 9/1/2021 | 10,000,000 | |
30,000,000 | Commonwealth of Massachusetts, (Series C) RANs, 0.250%, 6/17/2021 | 30,000,000 | |
21,500,000 | New York State Dormitory Authority State Personal Income Tax Revenue, (Series B), 5.000%, 3/31/2021 | 21,651,863 | |
TOTAL MUNICIPAL BONDS | 61,651,863 | ||
OTHER REPURCHASE AGREEMENTS— 13.6% | |||
Finance - Banking— 13.6% | |||
75,000,000 | BMO Capital Markets Corp., 0.20%, dated 1/29/2021, interest in a $175,000,000 collateralized loan agreement will repurchase securities provided as collateral for $175,002,917 on 2/1/2021, in which corporate bonds and medium-term notes with a market value of $178,503,862 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
100,000,000 | BMO Capital Markets Corp., 0.21%, dated 1/22/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,052,500 on 4/22/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $102,016,237 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 75,000,000 | BMO Capital Markets Corp., 0.28%, dated 12/8/2020, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,211,167 on 7/7/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $153,063,301 have been received as collateral and held with BNY Mellon as tri-party agent. | $75,000,000 | |
20,000,000 | BMO Capital Markets Corp., 0.30%, dated 1/29/2021, interest in a $20,000,000 collateralized loan agreement will repurchase securities provided as collateral for $20,000,500 on 2/1/2021, in which collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $20,405,215 have been received as collateral and held with BNY Mellon as tri-party agent. | 20,000,000 | |
25,000,000 | BNP Paribas S.A. 0.20%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,001,667 on 2/1/2021, in which asset-backed securities, corporate bonds, medium-term notes and Sovereign with a market value of $102,001,701 have been received as collateral and held with BNY Mellon as tri-party agent. | 25,000,000 | |
50,000,000 | BNP Paribas S.A. 0.27%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,002,250 on 2/1/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $102,002,295 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 | |
65,000,000 | BNP Paribas S.A. 0.31%, dated 1/29/2021, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,003,875 on 2/1/2021, in which asset-backed securities with a market value of $153,003,952 have been received as collateral and held with BNY Mellon as tri-party agent. | 65,000,000 | |
150,000,000 | BNP Paribas S.A. 0.48%, dated 12/10/2020, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,160,000 on 2/8/2021, in which asset-backed securities, corporate bonds and medium-term notes with a market value of $204,163,201 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
60,000,000 | Citigroup Global Markets, Inc., 0.59%, dated 11/17/2020, interest in a $85,000,000 collateralized loan agreement will repurchase securities provided as collateral for $85,254,929 on 5/19/2021, in which Sovereign with a market value of $86,955,352 have been received as collateral and held with BNY Mellon as tri-party agent. | 60,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 70,000,000 | Citigroup Global Markets, Inc., 0.64%, dated 11/17/2020, interest in a $165,000,000 collateralized loan agreement will repurchase securities provided as collateral for $165,536,800 on 5/19/2021, in which asset-backed securities, collateralized mortgage obligations and corporate bonds with a market value of $168,389,426 have been received as collateral and held with BNY Mellon as tri-party agent. | $70,000,000 | |
125,000,000 | Credit Agricole S.A., 0.18%, dated 1/28/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,006,000 on 2/4/2021, in which assets-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and Sovereign with a market value of $204,003,060 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
360,000,000 | Credit Agricole S.A., 0.19%, dated 1/25/2021, interest in a $600,000,000 collateralized loan agreement will repurchase securities provided as collateral for $600,022,167 on 2/1/2021, in which corporate bonds, medium-term notes, sovereign, municipal bonds and treasury notes with a market value of $612,019,380 have been received as collateral and held with BNY Mellon as tri-party agent. | 360,000,000 | |
115,000,000 | Credit Agricole S.A., 0.19%, dated 1/26/2021, interest in a $225,000,000 collateralized loan agreement will repurchase securities provided as collateral for $225,007,125 on 2/2/2021, in which assets-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and Sovereign with a market value of $229,506,694 have been received as collateral and held with BNY Mellon as tri-party agent. | 115,000,000 | |
115,000,000 | Credit Agricole S.A., 0.21%, dated 1/26/2021, interest in a $225,000,000 collateralized loan agreement will repurchase securities provided as collateral for $225,007,875 on 2/2/2021, in which assets-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $229,506,056 have been received as collateral and held with BNY Mellon as tri-party agent. | 115,000,000 | |
75,000,000 | Credit Agricole S.A., 0.27%, dated 1/26/2021, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,006,750 on 2/2/2021, in which assets-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $153,005,738 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
25,000,000 | HSBC Securities (USA), Inc., 0.17%, dated 1/29/2021, interest in a $25,000,000 collateralized loan agreement will repurchase securities provided as collateral for $25,000,354 on 2/1/2021, in which assets-backed securities with a market value of $25,500,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 25,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 150,000,000 | J.P. Morgan Securities LLC, 0.07%, dated 1/12/2021, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,011,667 on 2/5/2021, in which corporate bonds and medium-term notes with a market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | $150,000,000 | |
45,000,000 | J.P. Morgan Securities LLC, 0.27%, dated 1/26/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,010,500 on 2/2/2021, in which corporate bonds and medium-term notes with a market value of $204,000,001 have been received as collateral and held with BNY Mellon as tri-party agent. | 45,000,000 | |
20,000,000 | Mizuho Securities USA, Inc., 0.43%, dated 1/29/2021, interest in a $75,000,000 collateralized loan agreement will repurchase securities provided as collateral for $75,002,688 on 2/1/2021, in which treasury notes with a market value of $76,502,776 have been received as collateral and held with BNY Mellon as tri-party agent. | 20,000,000 | |
100,000,000 | Mizuho Securities USA, Inc., 0.56%, dated 9/4/2020, interest in a $120,000,000 collateralized loan agreement will repurchase securities provided as collateral for $120,112,000 on 3/30/2021 in which treasury notes with a market value of $122,405,712 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
250,000,000 | MUFG Securities Americas, Inc., 0.22%, dated 1/29/2021, interest in a $700,000,000 collateralized loan agreement will repurchase securities provided as collateral for $700,012,833 on 2/1/2021, in which American depositary receipts, common stocks, convertible bonds, exchange traded funds and unit investment trust with a market value of $714,013,090 have been received as collateral and held with BNY Mellon as tri-party agent. | 250,000,000 | |
150,000,000 | Pershing LLC, 0.33%, dated 10/30/2020, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,019,250 on 2/11/2021, in which asset-backed securities, collateralized mortgage obligations, common stocks, convertible bonds, corporate bonds, exchange traded funds, medium-term notes and municipal bonds with a market value of $306,008,160 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
300,000,000 | Societe Generale, Paris, 0.17%, dated 1/29/2021, interest in a $500,000,000 collateralized loan agreement will repurchase securities provided as collateral for $500,007,083 on 2/1/2021, in which asset-backed securities, corporate bonds, medium-term notes and sovereign with a market value of $510,031,382 have been received as collateral and held with BNY Mellon as tri-party agent. | 300,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 320,000,000 | Societe Generale, Paris, 0.27%, dated 1/29/2021, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,014,625 on 2/1/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign debt with a market value of $663,014,918 have been received as collateral and held with BNY Mellon as tri-party agent. | $320,000,000 | |
50,000,000 | Standard Chartered Bank, 0.14%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,001,167 on 2/1/2021, in which assets-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and Sovereign with a market value of $102,002,434 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 0.63%, dated 1/7/2021, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,231,000 on 4/5/2021 in which convertible bonds with a market value of $153,066,938 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 0.64%, dated 5/20/2020, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,240,000 on 5/3/2021, in which convertible bonds with a market value of $153,068,341 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
100,000,000 | Wells Fargo Securities LLC, 0.66%, dated 6/8/2020, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,165,000 on 4/27/2021, in which convertible bonds with a market value of $102,009,351 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
120,000,000 | Wells Fargo Securities LLC, 0.68%, dated 6/1/2020, interest in a $120,000,000 collateralized loan agreement will repurchase securities provided as collateral for $120,204,000 on 4/14/2021, in which convertible bonds with a market value of $122,441,616 have been received as collateral and held with BNY Mellon as tri-party agent. | 120,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS | 3,410,000,000 | ||
REPURCHASE AGREEMENTS— 2.6% | |||
Finance - Banking— 2.6% | |||
250,000,000 | Repurchase agreement 0.06%, dated 1/29/2021 under which Citibank, N.A. will repurchase securities provided as collateral for $250,001,250 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 4/1/2056 and the market value of those underlying securities was $255,001,275. | 250,000,000 |
Principal Amount or Shares | Value | ||
REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 250,000,000 | Interest in $2,150,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $2,150,010,750 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 7/15/2061 and the market value of those underlying securities was $2,199,316,441. | $250,000,000 | |
138,000,000 | Interest in $2,000,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $2,000,010,000 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 11/20/2049 and the market value of those underlying securities was $2,040,010,200. | 138,000,000 | |
TOTAL REPURCHASE AGREEMENTS | 638,000,000 | ||
INVESTMENT COMPANIES— 6.0% | |||
1,000,000,000 | Federated Hermes Institutional Money Market Management, Institutional Shares, 0.05%3 | 999,713,001 | |
500,267,549 | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 0.07%3 | 500,267,526 | |
TOTAL INVESTMENT COMPANIES | 1,499,980,527 | ||
TOTAL INVESTMENT IN SECURITIES—98.9% (AT AMORTIZED COST)4 | 24,744,287,183 | ||
OTHER ASSETS AND LIABILITIES - NET—1.1%5 | 278,723,219 | ||
TOTAL NET ASSETS—100% | $25,023,010,402 |
Federated Hermes Institutional Money Market Management, Institutional Shares | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares | Total of Affiliated Transactions | |
Value as of 7/31/2020 | $999,713,000 | $500,267,520 | $1,499,980,520 |
Purchases at Cost | $5,000 | $5,003 | $10,003 |
Proceeds from Sales | $(5,000) | $(5,003) | $(10,003) |
Change in Unrealized Appreciation/ Depreciation | N/A | N/A | N/A |
Net Realized Gain/(Loss) | $1 | $6 | $7 |
Value as of 1/31/2021 | $999,713,001 | $500,267,526 | $1,499,980,527 |
Shares Held as of 1/31/2021 | 1,000,000,000 | 500,267,549 | 1,500,267,549 |
Dividend Income | $517,969 | $314,769 | $832,738 |
1 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
3 | 7-day net yield. |
4 | Also represents cost for federal tax purposes. |
5 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
FHLB | —Federal Home Loan Bank | |
GTD | —Guaranteed | |
IDB | —Industrial Development Bond | |
LIBOR | —London Interbank Offered Rate | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
PLC | —Public Limited Company | |
RANs | —Revenue Anticipation Notes | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.010 | 0.020 | 0.012 | 0.005 | 0.001 |
Net realized gain (loss) | 0.0001 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.010 | 0.020 | 0.012 | 0.005 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.010) | (0.020) | (0.012) | (0.005) | (0.001) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.010) | (0.020) | (0.012) | (0.005) | (0.001) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 1.01% | 2.03% | 1.22% | 0.45% | 0.05% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.25%4 | 0.53% | 0.54% | 0.51% | 0.51% | 0.48% |
Net investment income | 0.01%4 | 1.01% | 2.06% | 1.21% | 0.37% | 0.07% |
Expense waiver/reimbursement5 | 0.38%4 | 0.11% | 0.10% | 0.13% | 0.13% | 0.14% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,377,951 | $1,603,414 | $1,678,950 | $376,107 | $346,013 | $1,100,224 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.006 | 0.014 | 0.006 | 0.0001 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.006 | 0.014 | 0.006 | 0.0001 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.006) | (0.014) | (0.006) | (0.000)1 | (0.000)1 |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | — |
Total Distributions | (0.000)1 | (0.006) | (0.014) | (0.006) | (0.000)1 | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.56% | 1.42% | 0.58% | 0.04% | 0.01% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.25%4 | 0.97% | 1.13% | 1.15% | 0.82% | 0.56% |
Net investment income | 0.01%4 | 0.54% | 1.42% | 0.56% | 0.02% | 0.01% |
Expense waiver/reimbursement5 | 1.05%4 | 0.32% | 0.16% | 0.18% | 0.51% | 0.73% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $40,856 | $48,615 | $44,257 | $42,390 | $51,059 | $231,222 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.013 | 0.023 | 0.015 | 0.008 | 0.003 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.013 | 0.023 | 0.015 | 0.008 | 0.003 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.013) | (0.023) | (0.015) | (0.008) | (0.003) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.013) | (0.023) | (0.015) | (0.008) | (0.003) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.03% | 1.33% | 2.36% | 1.53% | 0.75% | 0.27% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.20%4 | 0.20% | 0.20% | 0.20% | 0.20% | 0.21% |
Net investment income | 0.06%4 | 1.33% | 2.36% | 1.56% | 0.71% | 0.26% |
Expense waiver/ reimbursement5 | 0.10%4 | 0.10% | 0.10% | 0.13% | 0.13% | 0.10% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $15,657,528 | $18,814,127 | $16,862,096 | $5,770,600 | $2,868,583 | $6,447,093 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended 7/31/2020 | Period Ended 7/31/20191 | |
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | |||
Net investment income | 0.0002 | 0.013 | 0.013 |
Net realized gain (loss) | 0.0002 | 0.0002 | — |
Total From Investment Operations | 0.0002 | 0.013 | 0.013 |
Less Distributions: | |||
Distributions from net investment income | (0.000)2 | (0.013) | (0.013) |
Distributions from net realized gains | (0.000)2 | (0.000)2 | — |
Total Distributions | (0.000)2 | (0.013) | (0.013) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 |
Total Return3 | 0.03% | 1.33% | 1.31% |
Ratios to Average Net Assets: | |||
Net expenses4 | 0.20%5 | 0.20% | 0.20%5 |
Net investment income | 0.07%5 | 1.32% | 2.39%5 |
Expense waiver/reimbursement6 | 0.10%5 | 0.10% | 0.10%5 |
Supplemental Data: | |||
Net assets, end of period (000 omitted) | $300,295 | $376,278 | $276,284 |
1 | Reflects operations for the period from January 18, 2019 (date of initial investment) to July 31, 2019. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.011 | 0.021 | 0.013 | 0.005 | 0.001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.011 | 0.021 | 0.013 | 0.005 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.011) | (0.021) | (0.013) | (0.005) | (0.001) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.011) | (0.021) | (0.013) | (0.005) | (0.001) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 1.09% | 2.10% | 1.28% | 0.50% | 0.08% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.25%4 | 0.45% | 0.45% | 0.45% | 0.45% | 0.40% |
Net investment income | 0.01%4 | 1.06% | 2.09% | 1.31% | 0.47% | 0.08% |
Expense waiver/reimbursement5 | 0.29%4 | 0.10% | 0.10% | 0.13% | 0.13% | 0.16% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $2,229,782 | $3,016,273 | $2,757,262 | $1,799,914 | $1,215,338 | $2,044,619 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.007 | 0.016 | 0.008 | 0.002 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.007 | 0.016 | 0.008 | 0.002 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.007) | (0.016) | (0.008) | (0.002) | (0.000)1 |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.007) | (0.016) | (0.008) | (0.002) | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.72% | 1.65% | 0.83% | 0.16% | 0.01% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.25%4 | 0.81% | 0.90% | 0.90% | 0.79% | 0.54% |
Net investment income | 0.01%4 | 0.71% | 1.64% | 0.80% | 0.16% | 0.01% |
Expense waiver/reimbursement5 | 0.74%4 | 0.19% | 0.10% | 0.13% | 0.24% | 0.46% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,284,984 | $1,125,251 | $1,043,702 | $998,683 | $1,196,268 | $1,477,770 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.006 | 0.015 | 0.007 | 0.001 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.006 | 0.015 | 0.007 | 0.001 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.006) | (0.015) | (0.007) | (0.001) | (0.000)1 |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.006) | (0.015) | (0.007) | (0.001) | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.62% | 1.51% | 0.72% | 0.08% | 0.01% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.25%4 | 0.92% | 1.03% | 1.00% | 0.70% | 0.51% |
Net investment income | 0.01%4 | 0.63% | 1.49% | 0.72% | 0.02% | 0.01% |
Expense waiver/reimbursement5 | 0.99%4 | 0.34% | 0.21% | 0.23% | 0.57% | 0.74% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $37,058 | $33,265 | $32,789 | $29,911 | $28,365 | $472,110 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.012 | 0.022 | 0.013 | 0.007 | 0.002 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.012 | 0.022 | 0.014 | 0.007 | 0.002 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.012) | (0.022) | (0.014) | (0.007) | (0.002) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.012) | (0.022) | (0.014) | (0.007) | (0.002) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 1.23% | 2.26% | 1.43% | 0.65% | 0.17% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.25%4 | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% |
Net investment income | 0.01%4 | 1.20% | 2.25% | 1.46% | 0.45% | 0.17% |
Expense waiver/reimbursement5 | 0.15%4 | 0.10% | 0.10% | 0.13% | 0.12% | 0.10% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $413,649 | $548,708 | $670,114 | $398,852 | $203,594 | $1,570,124 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.009 | 0.018 | 0.010 | 0.003 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.009 | 0.018 | 0.010 | 0.003 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.009) | (0.018) | (0.010) | (0.003) | (0.000)1 |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.009) | (0.018) | (0.010) | (0.003) | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.87% | 1.85% | 1.02% | 0.29% | 0.01% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.25%4 | 0.66% | 0.70% | 0.70% | 0.63% | 0.55% |
Net investment income | 0.01%4 | 0.86% | 1.90% | 1.03% | 0.15% | 0.01% |
Expense waiver/reimbursement5 | 0.55%4 | 0.14% | 0.10% | 0.13% | 0.20% | 0.26% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $3,680,907 | $3,667,951 | $3,502,863 | $19,829 | $13,188 | $83,706 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $4,048,000,000 |
Investment in securities, including $1,499,980,527 of investment in affiliated holdings* | 20,696,287,183 |
Investment in securities, at amortized cost and fair value | 24,744,287,183 |
Cash | 300,686,445 |
Income receivable | 4,806,872 |
Income receivable from affiliated holdings | 79,133 |
Receivable for shares sold | 20,104,614 |
Total Assets | 25,069,964,247 |
Liabilities: | |
Payable for shares redeemed | 44,472,264 |
Income distribution payable | 33,012 |
Payable for investment adviser fee (Note 4) | 191,669 |
Payable for administrative fee (Note 4) | 160,779 |
Payable for distribution services fee (Note 4) | 66,679 |
Payable for other service fees (Notes 2 and 4) | 260,739 |
Accrued expenses (Note 4) | 1,768,703 |
Total Liabilities | 46,953,845 |
Net assets for 25,023,015,172 shares outstanding | $25,023,010,402 |
Net Assets Consist of: | |
Paid-in capital | $25,023,006,356 |
Total distributable earnings (loss) | 4,046 |
Total Net Assets | $25,023,010,402 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Automated Shares: | |
$1,377,951,374 ÷ 1,377,951,637 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Class R Shares: | |
$40,856,062 ÷ 40,856,070 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Wealth Shares: | |
$15,657,527,804 ÷ 15,657,530,789 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Advisor Shares: | |
$300,294,974 ÷ 300,295,031 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$2,229,782,093 ÷ 2,229,782,519 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$1,284,983,624 ÷ 1,284,983,868 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$37,058,377 ÷ 37,058,384 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Capital Shares: | |
$413,648,687 ÷ 413,648,766 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Trust Shares: | |
$3,680,907,407 ÷ 3,680,908,108 shares outstanding, no par value, unlimited shares authorized | $1.00 |
* | See information listed after the Fund’s Portfolio of Investments. |
Investment Income: | |
Interest | $35,135,514 |
Dividends received from affiliated holdings* | 832,738 |
TOTAL INCOME | 35,968,252 |
Expenses: | |
Investment adviser fee (Note 4) | 26,786,327 |
Administrative fee (Note 4) | 10,746,387 |
Custodian fees | 467,986 |
Transfer agent fees (Note 2) | 3,051,990 |
Directors’/Trustees’ fees (Note 4) | 67,246 |
Auditing fees | 11,473 |
Legal fees | 5,261 |
Portfolio accounting fees | 146,878 |
Distribution services fee (Note 4) | 6,968,407 |
Other service fees (Notes 2 and 4) | 11,759,238 |
Share registration costs | 348,540 |
Printing and postage | 276,578 |
Miscellaneous (Note 4) | 108,551 |
TOTAL EXPENSES | 60,744,862 |
Waivers and Reimbursements: | |
Waiver/reimbursement of investment adviser fee (Note 4) | (13,585,697) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (17,472,548) |
TOTAL WAIVERS AND REIMBURSEMENTS | (31,058,245) |
Net expenses | 29,686,617 |
Net investment income | 6,281,635 |
Net realized gain on investments (including net realized gain of $7 on sales of investments in affiliated holdings) | 8,836 |
Change in net assets resulting from operations | $6,290,471 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended 7/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income (loss) | $6,281,635 | $359,579,995 |
Net realized gain (loss) | 8,836 | 52,710 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 6,290,471 | 359,632,705 |
Distributions to Shareholders: | ||
Automated Shares | (77,741) | (16,843,929) |
Class R Shares | (2,146) | (248,645) |
Wealth Shares | (5,715,217) | (256,180,113) |
Advisor Shares | (115,891) | (4,429,409) |
Service Shares | (135,052) | (34,575,442) |
Cash II Shares | (62,271) | (7,711,336) |
Cash Series Shares | (1,881) | (217,406) |
Capital Shares | (32,618) | (7,930,540) |
Trust Shares | (189,785) | (31,478,943) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (6,332,602) | (359,615,763) |
Share Transactions: | ||
Proceeds from sale of shares | 9,812,952,413 | 41,712,534,158 |
Net asset value of shares issued to shareholders in payment of distributions declared | 5,894,448 | 335,636,444 |
Cost of shares redeemed | (14,029,675,619) | (39,682,621,667) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (4,210,828,758) | 2,365,548,935 |
Change in net assets | (4,210,870,889) | 2,365,565,877 |
Net Assets: | ||
Beginning of period | 29,233,881,291 | 26,868,315,414 |
End of period | $25,023,010,402 | $29,233,881,291 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $815,174 | $(716) | $(315,803) |
Class R Shares | 62,773 | (2,260) | (45,292) |
Wealth Shares | 1,073,917 | (80) | — |
Advisor Shares | 21,620 | — | — |
Service Shares | 160,495 | — | — |
Cash II Shares | 642,544 | — | (274,751) |
Cash Series Shares | 19,212 | — | (8,035) |
Capital Shares | 29,063 | — | — |
Trust Shares | 227,192 | (4) | — |
TOTAL | $3,051,990 | $(3,060) | $(643,881) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $2,025,727 | $(61,096) | $(1,926,165) |
Class R Shares | 53,642 | (276) | (53,366) |
Service Shares | 3,260,656 | (2,933) | (2,526,450) |
Cash II Shares | 1,516,334 | (13,404) | (1,502,930) |
Cash Series Shares | 45,788 | (223) | (45,565) |
Capital Shares | 236,505 | (8,119) | (104,195) |
Trust Shares | 4,620,586 | — | (4,620,586) |
TOTAL | $11,759,238 | $(86,051) | $(10,779,257) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Automated Shares: | Shares | Amount | Shares | Amount |
Shares sold | 725,652,203 | $725,652,203 | 1,758,276,041 | $1,758,276,041 |
Shares issued to shareholders in payment of distributions declared | 76,082 | 76,082 | 16,647,845 | 16,647,845 |
Shares redeemed | (951,189,095) | (951,189,095) | (1,850,460,085) | (1,850,460,085) |
NET CHANGE RESULTING FROM AUTOMATED SHARE TRANSACTIONS | (225,460,810) | $(225,460,810) | (75,536,199) | $(75,536,199) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Class R Shares: | Shares | Amount | Shares | Amount |
Shares sold | 16,500,827 | $16,500,827 | 27,445,309 | $27,445,309 |
Shares issued to shareholders in payment of distributions declared | 2,114 | 2,114 | 247,196 | 247,196 |
Shares redeemed | (24,262,186) | (24,262,186) | (23,333,858) | (23,333,858) |
NET CHANGE RESULTING FROM CLASS R SHARE TRANSACTIONS | (7,759,245) | $(7,759,245) | 4,358,647 | $4,358,647 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Wealth Shares: | Shares | Amount | Shares | Amount |
Shares sold | 5,569,901,087 | $5,569,901,087 | 28,640,379,005 | $28,640,379,005 |
Shares issued to shareholders in payment of distributions declared | 5,287,318 | 5,287,318 | 234,495,334 | 234,495,334 |
Shares redeemed | (8,731,760,196) | (8,731,760,196) | (26,922,855,195) | (26,922,855,195) |
NET CHANGE RESULTING FROM WEALTH SHARE TRANSACTIONS | (3,156,571,791) | $(3,156,571,791) | 1,952,019,144 | $1,952,019,144 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Advisor Shares: | Shares | Amount | Shares | Amount |
Shares sold | 125,257,333 | $125,257,333 | 884,263,886 | $884,263,886 |
Shares issued to shareholders in payment of distributions declared | 115,892 | 115,892 | 4,429,608 | 4,429,608 |
Shares redeemed | (201,355,678) | (201,355,678) | (788,700,279) | (788,700,279) |
NET CHANGE RESULTING FROM ADVISOR SHARE TRANSACTIONS | (75,982,453) | $(75,982,453) | 99,993,215 | $99,993,215 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 761,801,937 | $761,801,937 | 5,238,090,768 | $5,238,090,768 |
Shares issued to shareholders in payment of distributions declared | 129,089 | 129,089 | 33,107,271 | 33,107,271 |
Shares redeemed | (1,548,417,366) | (1,548,417,366) | (5,012,188,657) | (5,012,188,657) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (786,486,340) | $(786,486,340) | 259,009,382 | $259,009,382 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 933,772,033 | $933,772,033 | 1,804,367,389 | $1,804,367,389 |
Shares issued to shareholders in payment of distributions declared | 62,148 | 62,148 | 7,694,480 | 7,694,480 |
Shares redeemed | (774,099,392) | (774,099,392) | (1,730,513,658) | (1,730,513,658) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | 159,734,789 | $159,734,789 | 81,548,211 | $81,548,211 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 28,325,569 | $28,325,569 | 53,724,382 | $53,724,382 |
Shares issued to shareholders in payment of distributions declared | 1,859 | 1,859 | 213,355 | 213,355 |
Shares redeemed | (24,533,542) | (24,533,542) | (53,461,835) | (53,461,835) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | 3,793,886 | $3,793,886 | 475,902 | $475,902 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 159,511,546 | $159,511,546 | 719,368,195 | $719,368,195 |
Shares issued to shareholders in payment of distributions declared | 30,277 | 30,277 | 7,340,811 | 7,340,811 |
Shares redeemed | (294,599,933) | (294,599,933) | (848,115,152) | (848,115,152) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (135,058,110) | $(135,058,110) | (121,406,146) | $(121,406,146) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Trust Shares: | Shares | Amount | Shares | Amount |
Shares sold | 1,492,229,878 | $1,492,229,878 | 2,586,619,183 | $2,586,619,183 |
Shares issued to shareholders in payment of distributions declared | 189,669 | 189,669 | 31,460,544 | 31,460,544 |
Shares redeemed | (1,479,458,231) | (1,479,458,231) | (2,452,992,948) | (2,452,992,948) |
NET CHANGE RESULTING FROM TRUST SHARE TRANSACTIONS | 12,961,316 | $12,961,316 | 165,086,779 | $165,086,779 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (4,210,828,758) | $(4,210,828,758) | 2,365,548,935 | $2,365,548,935 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Class R Shares | 0.50% |
Cash II Shares | 0.35% |
Cash Series Shares | 0.60% |
Trust Shares | 0.25% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Class R Shares | $111,685 | $(111,683) |
Cash II Shares | 2,126,106 | (2,102,122) |
Cash Series Shares | 110,030 | (109,362) |
Trust Shares | 4,620,586 | (3,637,132) |
TOTAL | $6,968,407 | $(5,960,299) |
Beginning Account Value 8/1/2020 | Ending Account Value 1/31/2021 | Expenses Paid During Period1 | |
Actual: | |||
Automated Shares | $1,000 | $1,000.10 | $21.26 |
Class R Shares | $1,000 | $1,000.10 | $31.26 |
Wealth Shares | $1,000 | $1,000.30 | $1.01 |
Advisor Shares | $1,000 | $1,000.30 | $1.01 |
Service Shares | $1,000 | $1,000.10 | $41.26 |
Cash II Shares | $1,000 | $1,000.10 | $51.26 |
Cash Series Shares | $1,000 | $1,000.10 | $61.26 |
Capital Shares | $1,000 | $1,000.10 | $71.26 |
Trust Shares | $1,000 | $1,000.10 | $81.26 |
Hypothetical (assuming a 5% return before expenses): | |||
Automated Shares | $1,000 | $1,023.95 | $21.28 |
Class R Shares | $1,000 | $1,023.95 | $31.28 |
Wealth Shares | $1,000 | $1,024.20 | $1.02 |
Advisor Shares | $1,000 | $1,024.20 | $1.02 |
Service Shares | $1,000 | $1,023.95 | $41.28 |
Cash II Shares | $1,000 | $1,023.95 | $51.28 |
Cash Series Shares | $1,000 | $1,023.95 | $61.28 |
Capital Shares | $1,000 | $1,023.95 | $71.28 |
Trust Shares | $1,000 | $1,023.95 | $81.28 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Class R Shares | 0.25% |
Automated Shares | 0.25% |
Wealth Shares | 0.20% |
Advisor Shares | 0.20% |
Service Shares | 0.25% |
Cash II Shares | 0.25% |
Cash Series Shares | 0.25% |
Capital Shares | 0.25% |
Trust Shares | 0.25% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Automated Shares current Fee Limit of 0.55% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.77 and $2.80, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Class R Shares current Fee Limit of 1.15% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $5.80 and $5.85, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Service Shares current Fee Limit of 0.45% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.27 and $2.29, respectively. |
5 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash II Shares current Fee Limit of 0.90% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $4.54 and $4.58, respectively. |
6 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash Series Shares current Fee Limit of 1.05% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $5.29 and $5.35, respectively. |
7 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Capital Shares current Fee Limit of 0.30% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.51 and $1.53, respectively. |
8 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Trust Shares current Fee Limit of 0.70% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $3.53 and $3.57, respectively. |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 608919577
CUSIP 60934N625
CUSIP 608919429
CUSIP 60934N617
CUSIP 608919593
CUSIP 608919585
CUSIP 60934N591
CUSIP 608919619
Share Class | Ticker | Wealth | PCOXX |
Federated Hermes Prime Cash Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Commercial Paper | 50.5% |
Bank Instruments | 21.3% |
Other Repurchase Agreements and Repurchase Agreements | 16.2% |
Variable Rate Instruments | 3.2% |
U.S. Treasury Securities | 1.5% |
Municipal Bond | 0.2% |
Cash Equivalent2 | 6.0% |
Other Assets and Liabilities—Net3 | 1.1% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. With respect to this table, Commercial Paper includes commercial paper with interest rates that are fixed or that reset periodically. |
2 | Cash Equivalents include any investments in money market mutual funds. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 38.8% |
8-30 Days | 15.8% |
31-90 Days | 24.7% |
91-180 Days | 15.9% |
181 Days or more | 3.7% |
Other Assets and Liabilities—Net2 | 1.1% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount or Shares | Value | ||
1 | COMMERCIAL PAPER— 50.5% | ||
Finance - Banking— 21.0% | |||
$ 90,000,000 | Alpine Securitization LLC, (Credit Suisse AG LIQ), 0.210%, 7/7/2021 | $90,000,000 | |
100,000,000 | ASB Finance Ltd., (GTD by ASB Bank Ltd.), 0.190%, 2/25/2021 | 99,987,333 | |
335,500,000 | Australia & New Zealand Banking Group, Melbourne, 0.145% - 0.260%, 4/27/2021 - 7/22/2021 | 335,209,847 | |
75,000,000 | Bank of Montreal, 0.250%, 3/23/2021 | 74,973,958 | |
258,100,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.200% - 0.281%, 4/19/2021 - 9/7/2021 | 257,888,883 | |
470,000,000 | BPCE SA, 0.190% - 0.200%, 2/1/2021 - 4/5/2021 | 469,933,500 | |
135,000,000 | DNB Bank ASA, 0.190%, 7/12/2021 | 134,885,287 | |
32,500,000 | Malayan Banking Berhad, New York - CPLOC, (Wells Fargo Bank, N.A. LOC), 0.310%, 4/19/2021 | 32,478,451 | |
95,000,000 | National Australia Bank Ltd., Melbourne, 0.240%, 6/7/2021 | 94,920,200 | |
1,143,500,000 | Nationwide Building Society, 0.160% - 0.255%, 2/2/2021 - 3/10/2021 | 1,143,372,416 | |
924,500,000 | NRW.Bank, 0.155% - 0.225%, 2/8/2021 - 6/1/2021 | 924,211,564 | |
150,000,000 | 2 | Royal Bank of Canada, New York Branch, 0.240% (Secured Overnight Financing Rate +0.200%), 2/1/2021 | 150,000,000 |
110,000,000 | 2 | Royal Bank of Canada, New York Branch, 0.280% (Effective Fed Funds +0.210%), 2/1/2021 | 110,000,000 |
175,000,000 | Societe Generale, Paris, 0.210%, 2/5/2021 | 174,995,917 | |
575,000,000 | Svenska Handelsbanken, Stockholm, 0.200% - 0.230%, 4/8/2021 - 7/7/2021 | 574,670,396 | |
590,000,000 | Toronto Dominion Bank, 0.220% - 0.654%, 2/19/2021 - 4/30/2021 | 589,745,778 | |
TOTAL | 5,257,273,530 | ||
Finance - Commercial— 5.7% | |||
145,000,000 | Bennington Stark Capital Co., LLC, (Societe Generale, Paris LIQ), 0.170% - 0.200%, 3/5/2021 - 3/12/2021 | 144,973,743 | |
24,250,000 | CAFCO, LLC, 0.210%, 3/11/2021 | 24,244,625 | |
75,000,000 | CHARTA, LLC, 0.210% - 0.230%, 4/16/2021 - 5/4/2021 | 74,959,819 | |
50,000,000 | CRC Funding, LLC, 0.220%, 4/9/2021 | 49,979,528 | |
181,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.200%, 7/12/2021 | 181,000,000 | |
25,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.200%, 7/13/2021 | 25,000,000 | |
230,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.200%, 7/16/2021 | 230,000,000 | |
150,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/6/2021 | 150,000,000 |
Principal Amount or Shares | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Finance - Commercial— continued | |||
$ 80,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/13/2021 | $80,000,000 | |
45,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/19/2021 | 45,000,000 | |
80,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 7/6/2021 | 80,000,000 | |
50,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 4/26/2021 | 50,000,000 | |
100,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 4/28/2021 | 100,000,000 | |
50,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 5/3/2021 | 50,000,000 | |
150,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 5/3/2021 | 150,000,000 | |
TOTAL | 1,435,157,715 | ||
Finance - Retail— 8.9% | |||
483,000,000 | Chariot Funding LLC, 0.190% - 0.220%, 2/9/2021 - 5/20/2021 | 482,919,665 | |
120,000,000 | Fairway Finance Co. LLC, 0.200% - 0.210%, 3/2/2021 - 4/7/2021 | 119,969,002 | |
330,000,000 | Old Line Funding, LLC, 0.180% - 0.260%, 2/25/2021 - 7/6/2021 | 329,766,321 | |
20,000,000 | Old Line Funding, LLC, 0.240%, 3/15/2021 | 19,994,400 | |
50,000,000 | Old Line Funding, LLC, 0.250%, 6/14/2021 | 49,953,819 | |
10,000,000 | Old Line Funding, LLC, 0.290%, 7/6/2021 | 9,987,514 | |
971,000,000 | Sheffield Receivables Company LLC, 0.190% - 0.250%, 2/2/2021 - 4/23/2021 | 970,801,795 | |
184,000,000 | Thunder Bay Funding, LLC, 0.190% - 0.210%, 2/24/2021 - 4/22/2021 | 183,943,255 | |
65,000,000 | Thunder Bay Funding, LLC, 0.230%, 7/16/2021 | 64,931,479 | |
TOTAL | 2,232,267,250 | ||
Finance - Securities— 7.7% | |||
88,000,000 | 2 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Royal Bank of Canada COL)/(Societe Generale, Paris COL), 0.246% (1-month USLIBOR +0.120%), 5/12/2021 | 88,000,000 |
70,000,000 | 2 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Royal Bank of Canada COL)/(Societe Generale, Paris COL), 0.252% (1-month USLIBOR +0.120%), 5/7/2021 | 70,000,000 |
477,000,000 | Anglesea Funding LLC, 0.220% - 0.270%, 2/23/2021 - 6/11/2021 | 476,744,474 | |
100,000,000 | Chesham Finance LLC Series III, (Societe Generale, Paris COL), 0.110%, 2/3/2021 | 99,999,389 | |
474,000,000 | Collateralized Commercial Paper FLEX Co., LLC, 0.250% - 0.311%, 2/2/2021 - 7/20/2021 | 473,700,685 | |
515,000,000 | Collateralized Commercial Paper V Co. LLC, 0.210% - 0.270%, 2/3/2021 - 8/11/2021 | 514,796,357 |
Principal Amount or Shares | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Finance - Securities— continued | |||
$ 40,000,000 | 2 | Glencove Funding LLC, (JPMorgan Chase Bank, N.A. COL), 0.272% (3-month USLIBOR +0.050%), 7/21/2021 | $40,000,000 |
48,000,000 | Longship Funding LLC, (Nordea Bank Abp COL), 0.210%, 2/2/2021 | 47,999,720 | |
100,000,000 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 0.100%, 2/2/2021 | 99,999,722 | |
TOTAL | 1,911,240,347 | ||
Insurance— 0.1% | |||
20,000,000 | PRICOA Short Term Funding, LLC, 0.451%, 2/1/2021 | 20,000,000 | |
Sovereign— 7.1% | |||
200,000,000 | BNG Bank N.V., 0.180% - 0.200%, 3/4/2021 - 5/10/2021 | 199,919,478 | |
295,000,000 | Caisse des Depots et Consignations (CDC), 0.140% - 0.210%, 3/11/2021 - 4/28/2021 | 294,914,908 | |
185,000,000 | Erste Abwicklungsanstalt, 0.170% - 0.180%, 4/6/2021 - 4/12/2021 | 184,939,547 | |
1,026,000,000 | FMS Wertmanagement AoR, 0.160% - 0.225%, 2/2/2021 - 4/30/2021 | 1,025,728,288 | |
75,000,000 | Nederlandse Waterschapsbank NV, 0.190%, 7/7/2021 | 74,938,250 | |
TOTAL | 1,780,440,471 | ||
TOTAL COMMERCIAL PAPER | 12,636,379,313 | ||
CERTIFICATES OF DEPOSIT— 14.1% | |||
Finance - Banking— 14.1% | |||
550,000,000 | Bank of Montreal, 0.200% - 0.250%, 2/5/2021 - 3/22/2021 | 550,000,000 | |
100,000,000 | 2 | Bank of Montreal, 0.240% (Secured Overnight Financing Rate +0.200%), 2/1/2021 | 100,000,000 |
100,000,000 | 2 | Bank of Montreal, 0.280% (Secured Overnight Financing Rate +0.240%), 2/1/2021 | 100,000,000 |
200,000,000 | Bank of Nova Scotia, Toronto, 0.250%, 10/7/2021 | 200,000,000 | |
615,000,000 | Canadian Imperial Bank of Commerce, 0.260% - 0.600%, 5/3/2021 - 1/4/2022 | 615,000,000 | |
130,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.280% (Effective Fed Funds +0.210%), 2/1/2021 | 130,000,000 |
35,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.320% (Secured Overnight Financing Rate +0.280%), 2/1/2021 | 35,000,000 |
63,425,000 | DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 0.210%, 2/25/2021 | 63,425,000 | |
320,000,000 | Mizuho Bank Ltd., 0.150% - 0.180%, 4/8/2021 - 4/29/2021 | 320,000,000 | |
175,000,000 | MUFG Bank Ltd., 0.190%, 4/21/2021 - 4/22/2021 | 175,000,000 | |
200,000,000 | Nordea Bank Abp, 0.100%, 2/1/2021 | 200,000,000 | |
100,000,000 | 2 | Royal Bank of Canada, 0.290% (Secured Overnight Financing Rate +0.250%), 2/1/2021 | 100,000,000 |
207,500,000 | 2 | Royal Bank of Canada, 0.590% (Secured Overnight Financing Rate +0.550%), 2/1/2021 | 207,500,000 |
50,000,000 | Royal Bank of Canada, 0.970%, 5/24/2021 | 50,000,000 |
Principal Amount or Shares | Value | ||
CERTIFICATES OF DEPOSIT— continued | |||
Finance - Banking— continued | |||
$ 50,000,000 | Sumitomo Mitsui Banking Corp., 0.150%, 3/15/2021 | $50,005,824 | |
575,000,000 | Toronto Dominion Bank, 0.220% - 0.500%, 3/1/2021 - 10/4/2021 | 575,000,000 | |
50,000,000 | Toronto Dominion Bank, 0.270%, 10/8/2021 | 50,000,000 | |
TOTAL CERTIFICATES OF DEPOSIT | 3,520,930,824 | ||
TIME DEPOSITS— 7.2% | |||
Finance - Banking— 7.2% | |||
950,000,000 | ABN Amro Bank NV, 0.100% - 0.110%, 2/1/2021 - 2/5/2021 | 950,000,000 | |
200,000,000 | Australia & New Zealand Banking Group, Melbourne, 0.100%, 2/3/2021 | 200,000,000 | |
150,000,000 | Cooperatieve Rabobank UA, 0.070%, 2/1/2021 | 150,000,000 | |
150,000,000 | DNB Bank ASA, 0.050%, 2/1/2021 | 150,000,000 | |
200,000,000 | Mizuho Bank Ltd., 0.080%, 2/1/2021 | 200,000,000 | |
150,000,000 | Nordea Bank Abp, 0.060%, 2/1/2021 | 150,000,000 | |
TOTAL TIME DEPOSITS | 1,800,000,000 | ||
2 | NOTES - VARIABLE— 3.2% | ||
Finance - Banking— 2.3% | |||
100,000,000 | Bank of America N.A., 0.190%, 2/4/2021 | 100,000,000 | |
90,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.270% (Effective Fed Funds +0.200%), 2/1/2021 | 90,000,000 | |
100,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.270% (Effective Fed Funds +0.200%), 2/1/2021 | 100,000,000 | |
95,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.290% (Effective Fed Funds +0.220%), 2/1/2021 | 95,000,000 | |
6,725,000 | Fiore Capital LLC, (Wells Fargo Bank, N.A. LOC), 0.180%, 2/4/2021 | 6,725,000 | |
1,615,000 | Gadsden, AL Airport Authority, Series 2004, (Wells Fargo Bank, N.A. LOC), 0.160%, 2/4/2021 | 1,615,000 | |
16,820,000 | Michigan State Housing Development Authority, (Series C) Weekly VRDNs, (Bank of America N.A. LOC), 0.070%, 2/3/2021 | 16,820,000 | |
3,000,000 | Mike P. Sturdivant, Sr. Family Trust, Series 2016, (Wells Fargo Bank, N.A. LOC), 0.150%, 2/4/2021 | 3,000,000 | |
825,000 | Montgomery, AL IDB, (Wells Fargo Bank, N.A. LOC), 0.280%, 2/4/2021 | 825,000 | |
29,435,000 | Panel Rey S.A., Series 2016, (Citibank N.A., New York LOC), 0.150%, 2/4/2021 | 29,435,000 | |
12,746,100 | Partisan Property, Inc., Series 2014, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/3/2021 | 12,746,100 | |
35,000,000 | Royal Bank of Canada, New York Branch, 0.270% (Secured Overnight Financing Rate +0.230%), 2/1/2021 | 35,000,000 | |
2,685,000 | Spira Millenium LLC, Series 2001, (Bank of America N.A. LOC), 0.160%, 2/4/2021 | 2,685,000 | |
15,000,000 | SSAB AB (publ), Series 2015-A, (DNB Bank ASA LOC), 0.150%, 2/4/2021 | 15,000,000 |
Principal Amount or Shares | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 5,270,000 | St. Andrew United Methodist Church, Series 2004, (Wells Fargo Bank, N.A. LOC), 0.500%, 2/4/2021 | $5,270,000 | |
430,000 | Sun Valley, Inc., (Wells Fargo Bank, N.A. LOC), 0.170%, 2/5/2021 | 430,000 | |
34,465,000 | Texas State, Veterans Bonds, Series 2019 Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.040%, 2/3/2021 | 34,465,000 | |
18,290,000 | Triborough Bridge & Tunnel Authority, NY, (Taxable Series E) Weekly VRDNs, (Bank of America N.A. LOC), 0.100%, 2/4/2021 | 18,290,000 | |
TOTAL | 567,306,100 | ||
Government Agency— 0.9% | |||
4,915,000 | 1320 W Jefferson LLC, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 4,915,000 | |
4,925,000 | Andrew Long Irrevocable Family Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 4,925,000 | |
1,700,000 | Archer 1 LLC, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 1,700,000 | |
2,100,000 | BWF Forge TL Properties Owner LLC, (FHLB of Des Moines LOC)/(FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 2,100,000 | |
1,830,000 | CMR LLC, CMR LLC Project Series 2017, (FHLB of Indianapolis LOC), 0.240%, 2/4/2021 | 1,830,000 | |
6,615,000 | Dennis Wesley Company, Inc., The Dennis Wesley Company, Inc. Project, (FHLB of Indianapolis LOC), 0.150%, 2/4/2021 | 6,615,000 | |
8,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-A, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 8,000,000 | |
4,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-B, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 4,000,000 | |
6,740,000 | Mason Harrison Ratliff Enterprises, LLC, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 6,740,000 | |
25,622,500 | Naples SI, LLC, (FHLB of Indianapolis LOC), 0.160%, 2/4/2021 | 25,622,500 | |
11,400,000 | NWD 2017 Family Trust No. 1, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 11,400,000 | |
35,960,000 | Park Stanton Place LP, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 35,960,000 | |
6,960,000 | Phenix City, AL Downtown Redevelopment Authority, Series 2013-A, (FHLB of New York LOC), 0.150%, 2/4/2021 | 6,960,000 | |
21,000,000 | Pittsburg Fox Creek Associates L.P., Series 2011-A, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 21,000,000 | |
5,410,000 | Public Finance Authority, Series 2015-A Ram Eufaula Hospitality, LLC, (FHLB of New York LOC), 0.150%, 2/4/2021 | 5,410,000 | |
13,150,000 | Rohnert Park 668, L.P., (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 13,150,000 | |
7,600,000 | Sandy Jacobs Irrevocable Insurance Trust, Series 2019, (FHLB of Des Moines LOC), 0.150%, 2/4/2021 | 7,600,000 |
Principal Amount or Shares | Value | ||
2 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 11,260,000 | Shawn R. Trapuzzano Irrevocable Insurance Trust, (FHLB of Pittsburgh LOC), 0.150%, 2/4/2021 | $11,260,000 | |
7,680,000 | The J.G. Aguirre Master Trust, (FHLB of Atlanta LOC), 0.150%, 2/4/2021 | 7,680,000 | |
20,330,000 | The Murray D. Berry Trust, (FHLB of Des Moines LOC), 0.150%, 2/3/2021 | 20,330,000 | |
20,945,000 | The Ray L. Berry Trust, (FHLB of Des Moines LOC), 0.150%, 2/3/2021 | 20,945,000 | |
TOTAL | 228,142,500 | ||
TOTAL NOTES - VARIABLE | 795,448,600 | ||
1 | U.S. TREASURY— 1.5% | ||
U.S. Treasury Bills— 1.5% | |||
95,000,000 | United States Treasury Bills, 0.085%, 5/6/2021 | 94,978,915 | |
100,000,000 | United States Treasury Bills, 0.087%, 4/27/2021 | 99,979,340 | |
120,000,000 | United States Treasury Bills, 0.100%, 7/1/2021 | 119,950,000 | |
67,000,000 | United States Treasury Bills, 0.115%, 3/30/2021 | 66,987,801 | |
TOTAL U.S. TREASURY | 381,896,056 | ||
MUNICIPAL BONDS— 0.2% | |||
Municipal— 0.2% | |||
10,000,000 | Alabama State Public School & College Authority, (Series 2020B), 0.253%, 9/1/2021 | 10,000,000 | |
30,000,000 | Commonwealth of Massachusetts, (Series C) RANs, 0.250%, 6/17/2021 | 30,000,000 | |
21,500,000 | New York State Dormitory Authority State Personal Income Tax Revenue, (Series B), 5.000%, 3/31/2021 | 21,651,863 | |
TOTAL MUNICIPAL BONDS | 61,651,863 | ||
OTHER REPURCHASE AGREEMENTS— 13.6% | |||
Finance - Banking— 13.6% | |||
75,000,000 | BMO Capital Markets Corp., 0.20%, dated 1/29/2021, interest in a $175,000,000 collateralized loan agreement will repurchase securities provided as collateral for $175,002,917 on 2/1/2021, in which corporate bonds and medium-term notes with a market value of $178,503,862 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
100,000,000 | BMO Capital Markets Corp., 0.21%, dated 1/22/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,052,500 on 4/22/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $102,016,237 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 75,000,000 | BMO Capital Markets Corp., 0.28%, dated 12/8/2020, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,211,167 on 7/7/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $153,063,301 have been received as collateral and held with BNY Mellon as tri-party agent. | $75,000,000 | |
20,000,000 | BMO Capital Markets Corp., 0.30%, dated 1/29/2021, interest in a $20,000,000 collateralized loan agreement will repurchase securities provided as collateral for $20,000,500 on 2/1/2021, in which collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $20,405,215 have been received as collateral and held with BNY Mellon as tri-party agent. | 20,000,000 | |
25,000,000 | BNP Paribas S.A. 0.20%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,001,667 on 2/1/2021, in which asset-backed securities, corporate bonds, medium-term notes and Sovereign with a market value of $102,001,701 have been received as collateral and held with BNY Mellon as tri-party agent. | 25,000,000 | |
50,000,000 | BNP Paribas S.A. 0.27%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,002,250 on 2/1/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $102,002,295 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 | |
65,000,000 | BNP Paribas S.A. 0.31%, dated 1/29/2021, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,003,875 on 2/1/2021, in which asset-backed securities with a market value of $153,003,952 have been received as collateral and held with BNY Mellon as tri-party agent. | 65,000,000 | |
150,000,000 | BNP Paribas S.A. 0.48%, dated 12/10/2020, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,160,000 on 2/8/2021, in which asset-backed securities, corporate bonds and medium-term notes with a market value of $204,163,201 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
60,000,000 | Citigroup Global Markets, Inc., 0.59%, dated 11/17/2020, interest in a $85,000,000 collateralized loan agreement will repurchase securities provided as collateral for $85,254,929 on 5/19/2021, in which Sovereign with a market value of $86,955,352 have been received as collateral and held with BNY Mellon as tri-party agent. | 60,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 70,000,000 | Citigroup Global Markets, Inc., 0.64%, dated 11/17/2020, interest in a $165,000,000 collateralized loan agreement will repurchase securities provided as collateral for $165,536,800 on 5/19/2021, in which asset-backed securities, collateralized mortgage obligations and corporate bonds with a market value of $168,389,426 have been received as collateral and held with BNY Mellon as tri-party agent. | $70,000,000 | |
125,000,000 | Credit Agricole S.A., 0.18%, dated 1/28/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,006,000 on 2/4/2021, in which assets-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and Sovereign with a market value of $204,003,060 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
360,000,000 | Credit Agricole S.A., 0.19%, dated 1/25/2021, interest in a $600,000,000 collateralized loan agreement will repurchase securities provided as collateral for $600,022,167 on 2/1/2021, in which corporate bonds, medium-term notes, sovereign, municipal bonds and treasury notes with a market value of $612,019,380 have been received as collateral and held with BNY Mellon as tri-party agent. | 360,000,000 | |
115,000,000 | Credit Agricole S.A., 0.19%, dated 1/26/2021, interest in a $225,000,000 collateralized loan agreement will repurchase securities provided as collateral for $225,007,125 on 2/2/2021, in which assets-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and Sovereign with a market value of $229,506,694 have been received as collateral and held with BNY Mellon as tri-party agent. | 115,000,000 | |
115,000,000 | Credit Agricole S.A., 0.21%, dated 1/26/2021, interest in a $225,000,000 collateralized loan agreement will repurchase securities provided as collateral for $225,007,875 on 2/2/2021, in which assets-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $229,506,056 have been received as collateral and held with BNY Mellon as tri-party agent. | 115,000,000 | |
75,000,000 | Credit Agricole S.A., 0.27%, dated 1/26/2021, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,006,750 on 2/2/2021, in which assets-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $153,005,738 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
25,000,000 | HSBC Securities (USA), Inc., 0.17%, dated 1/29/2021, interest in a $25,000,000 collateralized loan agreement will repurchase securities provided as collateral for $25,000,354 on 2/1/2021, in which assets-backed securities with a market value of $25,500,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 25,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 150,000,000 | J.P. Morgan Securities LLC, 0.07%, dated 1/12/2021, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,011,667 on 2/5/2021, in which corporate bonds and medium-term notes with a market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | $150,000,000 | |
45,000,000 | J.P. Morgan Securities LLC, 0.27%, dated 1/26/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,010,500 on 2/2/2021, in which corporate bonds and medium-term notes with a market value of $204,000,001 have been received as collateral and held with BNY Mellon as tri-party agent. | 45,000,000 | |
20,000,000 | Mizuho Securities USA, Inc., 0.43%, dated 1/29/2021, interest in a $75,000,000 collateralized loan agreement will repurchase securities provided as collateral for $75,002,688 on 2/1/2021, in which treasury notes with a market value of $76,502,776 have been received as collateral and held with BNY Mellon as tri-party agent. | 20,000,000 | |
100,000,000 | Mizuho Securities USA, Inc., 0.56%, dated 9/4/2020, interest in a $120,000,000 collateralized loan agreement will repurchase securities provided as collateral for $120,112,000 on 3/30/2021 in which treasury notes with a market value of $122,405,712 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
250,000,000 | MUFG Securities Americas, Inc., 0.22%, dated 1/29/2021, interest in a $700,000,000 collateralized loan agreement will repurchase securities provided as collateral for $700,012,833 on 2/1/2021, in which American depositary receipts, common stocks, convertible bonds, exchange traded funds and unit investment trust with a market value of $714,013,090 have been received as collateral and held with BNY Mellon as tri-party agent. | 250,000,000 | |
150,000,000 | Pershing LLC, 0.33%, dated 10/30/2020, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,019,250 on 2/11/2021, in which asset-backed securities, collateralized mortgage obligations, common stocks, convertible bonds, corporate bonds, exchange traded funds, medium-term notes and municipal bonds with a market value of $306,008,160 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
300,000,000 | Societe Generale, Paris, 0.17%, dated 1/29/2021, interest in a $500,000,000 collateralized loan agreement will repurchase securities provided as collateral for $500,007,083 on 2/1/2021, in which asset-backed securities, corporate bonds, medium-term notes and sovereign with a market value of $510,031,382 have been received as collateral and held with BNY Mellon as tri-party agent. | 300,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 320,000,000 | Societe Generale, Paris, 0.27%, dated 1/29/2021, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,014,625 on 2/1/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign debt with a market value of $663,014,918 have been received as collateral and held with BNY Mellon as tri-party agent. | $320,000,000 | |
50,000,000 | Standard Chartered Bank, 0.14%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,001,167 on 2/1/2021, in which assets-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and Sovereign with a market value of $102,002,434 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 0.63%, dated 1/7/2021, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,231,000 on 4/5/2021 in which convertible bonds with a market value of $153,066,938 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 0.64%, dated 5/20/2020, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,240,000 on 5/3/2021, in which convertible bonds with a market value of $153,068,341 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
100,000,000 | Wells Fargo Securities LLC, 0.66%, dated 6/8/2020, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,165,000 on 4/27/2021, in which convertible bonds with a market value of $102,009,351 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
120,000,000 | Wells Fargo Securities LLC, 0.68%, dated 6/1/2020, interest in a $120,000,000 collateralized loan agreement will repurchase securities provided as collateral for $120,204,000 on 4/14/2021, in which convertible bonds with a market value of $122,441,616 have been received as collateral and held with BNY Mellon as tri-party agent. | 120,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS | 3,410,000,000 | ||
REPURCHASE AGREEMENTS— 2.6% | |||
Finance - Banking— 2.6% | |||
250,000,000 | Repurchase agreement 0.06%, dated 1/29/2021 under which Citibank, N.A. will repurchase securities provided as collateral for $250,001,250 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 4/1/2056 and the market value of those underlying securities was $255,001,275. | 250,000,000 |
Principal Amount or Shares | Value | ||
REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 250,000,000 | Interest in $2,150,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $2,150,010,750 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 7/15/2061 and the market value of those underlying securities was $2,199,316,441. | $250,000,000 | |
138,000,000 | Interest in $2,000,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $2,000,010,000 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 11/20/2049 and the market value of those underlying securities was $2,040,010,200. | 138,000,000 | |
TOTAL REPURCHASE AGREEMENTS | 638,000,000 | ||
INVESTMENT COMPANIES— 6.0% | |||
1,000,000,000 | Federated Hermes Institutional Money Market Management, Institutional Shares, 0.05%3 | 999,713,001 | |
500,267,549 | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 0.07%3 | 500,267,526 | |
TOTAL INVESTMENT COMPANIES | 1,499,980,527 | ||
TOTAL INVESTMENT IN SECURITIES—98.9% (AT AMORTIZED COST)4 | 24,744,287,183 | ||
OTHER ASSETS AND LIABILITIES - NET—1.1%5 | 278,723,219 | ||
TOTAL NET ASSETS—100% | $25,023,010,402 |
Federated Hermes Institutional Money Market Management, Institutional Shares | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares | Total of Affiliated Transactions | |
Value as of 7/31/2020 | $999,713,000 | $500,267,520 | $1,499,980,520 |
Purchases at Cost | $5,000 | $5,003 | $10,003 |
Proceeds from Sales | $(5,000) | $(5,003) | $(10,003) |
Change in Unrealized Appreciation/ Depreciation | N/A | N/A | N/A |
Net Realized Gain/(Loss) | $1 | $6 | $7 |
Value as of 1/31/2021 | $999,713,001 | $500,267,526 | $1,499,980,527 |
Shares Held as of 1/31/2021 | 1,000,000,000 | 500,267,549 | 1,500,267,549 |
Dividend Income | $517,969 | $314,769 | $832,738 |
1 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
3 | 7-day net yield. |
4 | Also represents cost for federal tax purposes. |
5 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
FHLB | —Federal Home Loan Bank | |
GTD | —Guaranteed | |
IDB | —Industrial Development Bond | |
LIBOR | —London Interbank Offered Rate | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
PLC | —Public Limited Company | |
RANs | —Revenue Anticipation Notes | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.013 | 0.023 | 0.015 | 0.008 | 0.003 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.013 | 0.023 | 0.015 | 0.008 | 0.003 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.013) | (0.023) | (0.015) | (0.008) | (0.003) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.013) | (0.023) | (0.015) | (0.008) | (0.003) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.03% | 1.33% | 2.36% | 1.53% | 0.75% | 0.27% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.20%4 | 0.20% | 0.20% | 0.20% | 0.20% | 0.21% |
Net investment income | 0.06%4 | 1.33% | 2.36% | 1.56% | 0.71% | 0.26% |
Expense waiver/ reimbursement5 | 0.10%4 | 0.10% | 0.10% | 0.13% | 0.13% | 0.10% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $15,657,528 | $18,814,127 | $16,862,096 | $5,770,600 | $2,868,583 | $6,447,093 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $4,048,000,000 |
Investment in securities, including $1,499,980,527 of investment in affiliated holdings* | 20,696,287,183 |
Investment in securities, at amortized cost and fair value | 24,744,287,183 |
Cash | 300,686,445 |
Income receivable | 4,806,872 |
Income receivable from affiliated holdings | 79,133 |
Receivable for shares sold | 20,104,614 |
Total Assets | 25,069,964,247 |
Liabilities: | |
Payable for shares redeemed | 44,472,264 |
Income distribution payable | 33,012 |
Payable for investment adviser fee (Note 4) | 191,669 |
Payable for administrative fee (Note 4) | 160,779 |
Payable for distribution services fee (Note 4) | 66,679 |
Payable for other service fees (Notes 2 and 4) | 260,739 |
Accrued expenses (Note 4) | 1,768,703 |
Total Liabilities | 46,953,845 |
Net assets for 25,023,015,172 shares outstanding | $25,023,010,402 |
Net Assets Consist of: | |
Paid-in capital | $25,023,006,356 |
Total distributable earnings (loss) | 4,046 |
Total Net Assets | $25,023,010,402 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Automated Shares: | |
$1,377,951,374 ÷ 1,377,951,637 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Class R Shares: | |
$40,856,062 ÷ 40,856,070 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Wealth Shares: | |
$15,657,527,804 ÷ 15,657,530,789 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Advisor Shares: | |
$300,294,974 ÷ 300,295,031 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$2,229,782,093 ÷ 2,229,782,519 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$1,284,983,624 ÷ 1,284,983,868 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$37,058,377 ÷ 37,058,384 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Capital Shares: | |
$413,648,687 ÷ 413,648,766 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Trust Shares: | |
$3,680,907,407 ÷ 3,680,908,108 shares outstanding, no par value, unlimited shares authorized | $1.00 |
* | See information listed after the Fund’s Portfolio of Investments. |
Investment Income: | |
Interest | $35,135,514 |
Dividends received from affiliated holdings* | 832,738 |
TOTAL INCOME | 35,968,252 |
Expenses: | |
Investment adviser fee (Note 4) | 26,786,327 |
Administrative fee (Note 4) | 10,746,387 |
Custodian fees | 467,986 |
Transfer agent fees (Note 2) | 3,051,990 |
Directors’/Trustees’ fees (Note 4) | 67,246 |
Auditing fees | 11,473 |
Legal fees | 5,261 |
Portfolio accounting fees | 146,878 |
Distribution services fee (Note 4) | 6,968,407 |
Other service fees (Notes 2 and 4) | 11,759,238 |
Share registration costs | 348,540 |
Printing and postage | 276,578 |
Miscellaneous (Note 4) | 108,551 |
TOTAL EXPENSES | 60,744,862 |
Waivers and Reimbursements: | |
Waiver/reimbursement of investment adviser fee (Note 4) | (13,585,697) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (17,472,548) |
TOTAL WAIVERS AND REIMBURSEMENTS | (31,058,245) |
Net expenses | 29,686,617 |
Net investment income | 6,281,635 |
Net realized gain on investments (including net realized gain of $7 on sales of investments in affiliated holdings) | 8,836 |
Change in net assets resulting from operations | $6,290,471 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended 7/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income (loss) | $6,281,635 | $359,579,995 |
Net realized gain (loss) | 8,836 | 52,710 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 6,290,471 | 359,632,705 |
Distributions to Shareholders: | ||
Automated Shares | (77,741) | (16,843,929) |
Class R Shares | (2,146) | (248,645) |
Wealth Shares | (5,715,217) | (256,180,113) |
Advisor Shares | (115,891) | (4,429,409) |
Service Shares | (135,052) | (34,575,442) |
Cash II Shares | (62,271) | (7,711,336) |
Cash Series Shares | (1,881) | (217,406) |
Capital Shares | (32,618) | (7,930,540) |
Trust Shares | (189,785) | (31,478,943) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (6,332,602) | (359,615,763) |
Share Transactions: | ||
Proceeds from sale of shares | 9,812,952,413 | 41,712,534,158 |
Net asset value of shares issued to shareholders in payment of distributions declared | 5,894,448 | 335,636,444 |
Cost of shares redeemed | (14,029,675,619) | (39,682,621,667) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (4,210,828,758) | 2,365,548,935 |
Change in net assets | (4,210,870,889) | 2,365,565,877 |
Net Assets: | ||
Beginning of period | 29,233,881,291 | 26,868,315,414 |
End of period | $25,023,010,402 | $29,233,881,291 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $815,174 | $(716) | $(315,803) |
Class R Shares | 62,773 | (2,260) | (45,292) |
Wealth Shares | 1,073,917 | (80) | — |
Advisor Shares | 21,620 | — | — |
Service Shares | 160,495 | — | — |
Cash II Shares | 642,544 | — | (274,751) |
Cash Series Shares | 19,212 | — | (8,035) |
Capital Shares | 29,063 | — | — |
Trust Shares | 227,192 | (4) | — |
TOTAL | $3,051,990 | $(3,060) | $(643,881) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $2,025,727 | $(61,096) | $(1,926,165) |
Class R Shares | 53,642 | (276) | (53,366) |
Service Shares | 3,260,656 | (2,933) | (2,526,450) |
Cash II Shares | 1,516,334 | (13,404) | (1,502,930) |
Cash Series Shares | 45,788 | (223) | (45,565) |
Capital Shares | 236,505 | (8,119) | (104,195) |
Trust Shares | 4,620,586 | — | (4,620,586) |
TOTAL | $11,759,238 | $(86,051) | $(10,779,257) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Automated Shares: | Shares | Amount | Shares | Amount |
Shares sold | 725,652,203 | $725,652,203 | 1,758,276,041 | $1,758,276,041 |
Shares issued to shareholders in payment of distributions declared | 76,082 | 76,082 | 16,647,845 | 16,647,845 |
Shares redeemed | (951,189,095) | (951,189,095) | (1,850,460,085) | (1,850,460,085) |
NET CHANGE RESULTING FROM AUTOMATED SHARE TRANSACTIONS | (225,460,810) | $(225,460,810) | (75,536,199) | $(75,536,199) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Class R Shares: | Shares | Amount | Shares | Amount |
Shares sold | 16,500,827 | $16,500,827 | 27,445,309 | $27,445,309 |
Shares issued to shareholders in payment of distributions declared | 2,114 | 2,114 | 247,196 | 247,196 |
Shares redeemed | (24,262,186) | (24,262,186) | (23,333,858) | (23,333,858) |
NET CHANGE RESULTING FROM CLASS R SHARE TRANSACTIONS | (7,759,245) | $(7,759,245) | 4,358,647 | $4,358,647 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Wealth Shares: | Shares | Amount | Shares | Amount |
Shares sold | 5,569,901,087 | $5,569,901,087 | 28,640,379,005 | $28,640,379,005 |
Shares issued to shareholders in payment of distributions declared | 5,287,318 | 5,287,318 | 234,495,334 | 234,495,334 |
Shares redeemed | (8,731,760,196) | (8,731,760,196) | (26,922,855,195) | (26,922,855,195) |
NET CHANGE RESULTING FROM WEALTH SHARE TRANSACTIONS | (3,156,571,791) | $(3,156,571,791) | 1,952,019,144 | $1,952,019,144 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Advisor Shares: | Shares | Amount | Shares | Amount |
Shares sold | 125,257,333 | $125,257,333 | 884,263,886 | $884,263,886 |
Shares issued to shareholders in payment of distributions declared | 115,892 | 115,892 | 4,429,608 | 4,429,608 |
Shares redeemed | (201,355,678) | (201,355,678) | (788,700,279) | (788,700,279) |
NET CHANGE RESULTING FROM ADVISOR SHARE TRANSACTIONS | (75,982,453) | $(75,982,453) | 99,993,215 | $99,993,215 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 761,801,937 | $761,801,937 | 5,238,090,768 | $5,238,090,768 |
Shares issued to shareholders in payment of distributions declared | 129,089 | 129,089 | 33,107,271 | 33,107,271 |
Shares redeemed | (1,548,417,366) | (1,548,417,366) | (5,012,188,657) | (5,012,188,657) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (786,486,340) | $(786,486,340) | 259,009,382 | $259,009,382 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 933,772,033 | $933,772,033 | 1,804,367,389 | $1,804,367,389 |
Shares issued to shareholders in payment of distributions declared | 62,148 | 62,148 | 7,694,480 | 7,694,480 |
Shares redeemed | (774,099,392) | (774,099,392) | (1,730,513,658) | (1,730,513,658) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | 159,734,789 | $159,734,789 | 81,548,211 | $81,548,211 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 28,325,569 | $28,325,569 | 53,724,382 | $53,724,382 |
Shares issued to shareholders in payment of distributions declared | 1,859 | 1,859 | 213,355 | 213,355 |
Shares redeemed | (24,533,542) | (24,533,542) | (53,461,835) | (53,461,835) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | 3,793,886 | $3,793,886 | 475,902 | $475,902 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 159,511,546 | $159,511,546 | 719,368,195 | $719,368,195 |
Shares issued to shareholders in payment of distributions declared | 30,277 | 30,277 | 7,340,811 | 7,340,811 |
Shares redeemed | (294,599,933) | (294,599,933) | (848,115,152) | (848,115,152) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (135,058,110) | $(135,058,110) | (121,406,146) | $(121,406,146) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Trust Shares: | Shares | Amount | Shares | Amount |
Shares sold | 1,492,229,878 | $1,492,229,878 | 2,586,619,183 | $2,586,619,183 |
Shares issued to shareholders in payment of distributions declared | 189,669 | 189,669 | 31,460,544 | 31,460,544 |
Shares redeemed | (1,479,458,231) | (1,479,458,231) | (2,452,992,948) | (2,452,992,948) |
NET CHANGE RESULTING FROM TRUST SHARE TRANSACTIONS | 12,961,316 | $12,961,316 | 165,086,779 | $165,086,779 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (4,210,828,758) | $(4,210,828,758) | 2,365,548,935 | $2,365,548,935 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Class R Shares | 0.50% |
Cash II Shares | 0.35% |
Cash Series Shares | 0.60% |
Trust Shares | 0.25% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Class R Shares | $111,685 | $(111,683) |
Cash II Shares | 2,126,106 | (2,102,122) |
Cash Series Shares | 110,030 | (109,362) |
Trust Shares | 4,620,586 | (3,637,132) |
TOTAL | $6,968,407 | $(5,960,299) |
Beginning Account Value 8/1/2020 | Ending Account Value 1/31/2021 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,000.30 | $1.01 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,024.20 | $1.02 |
1 | Expenses are equal to the Fund’s Wealth Shares annualized net expense ratio of 0.20%, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
Share Class | Ticker | Institutional | POIXX | Service | PRSXX | Capital | POPXX |
Federated Hermes Institutional Prime Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Commercial Paper | 46.1% |
Other Repurchase Agreements and Repurchase Agreements | 20.9% |
Bank Instruments | 19.8% |
Variable Instruments | 8.3% |
U.S. Treasuries | 5.1% |
Asset-Backed Securities | 0.1% |
Municipal Bond | 0.1% |
Other Assets and Liabilities—Net2 | (0.4)% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days2 | 41.9% |
8-30 Days | 13.9% |
31-90 Days | 25.6% |
91-180 Days | 14.8% |
181 Days or more | 4.2% |
Other Assets and Liabilities—Net3 | (0.4)% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Overnight securities comprised 35.1% of the Fund’s portfolio. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— 46.1% | ||
Aerospace/Auto— 2.2% | |||
$ 150,000,000 | Toyota Credit Canada, Inc., (Toyota Motor Corp. SA), 0.210% - 0.250%, 3/18/2021 - 5/20/2021 | $149,923,975 | |
50,000,000 | Toyota Credit De Puerto Rico Corp., (Toyota Motor Corp. SA), 0.240%, 5/5/2021 | 49,980,800 | |
315,000,000 | Toyota Motor Credit Corp., (Toyota Motor Corp. SA), 0.230% - 0.240%, 4/28/2021 - 5/5/2021 | 314,885,758 | |
TOTAL | 514,790,533 | ||
Finance - Banking— 16.3% | |||
100,000,000 | Alpine Securitization LLC, (Credit Suisse AG LIQ), 0.210%, 7/7/2021 | 100,000,000 | |
180,000,000 | ASB Finance Ltd., (GTD by ASB Bank Ltd.), 0.190% - 0.250%, 2/25/2021 - 7/7/2021 | 179,926,047 | |
161,200,000 | Australia & New Zealand Banking Group, Melbourne, 0.145% - 0.250%, 4/27/2021 - 7/22/2021 | 161,112,693 | |
75,000,000 | Bank of Montreal, 0.250%, 3/23/2021 | 74,973,959 | |
205,700,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.210% - 0.240%, 4/19/2021 - 6/1/2021 | 205,597,126 | |
100,000,000 | BofA Securities, Inc., 0.190%, 2/4/2021 | 100,000,000 | |
695,000,000 | BPCE SA, 0.190% - 0.200%, 2/1/2021 - 4/5/2021 | 694,904,410 | |
135,000,000 | DNB Bank ASA, 0.190%, 7/12/2021 | 134,904,675 | |
99,000,000 | Manhattan Asset Funding Company LLC, (Sumitomo Mitsui Banking Corp. LIQ), 0.170%, 3/5/2021 | 98,985,040 | |
50,000,000 | National Australia Bank Ltd., Melbourne, 0.240%, 6/7/2021 | 49,981,546 | |
605,000,000 | Nationwide Building Society, 0.145% - 0.190%, 2/8/2021 - 3/12/2021 | 604,942,406 | |
710,000,000 | NRW.Bank, 0.180% - 0.215%, 2/8/2021 - 4/8/2021 | 709,880,129 | |
155,000,000 | Societe Generale, Paris, 0.210%, 2/5/2021 | 154,996,384 | |
207,950,000 | Svenska Handelsbanken, Stockholm, 0.200% - 0.210%, 4/8/2021 - 7/7/2021 | 207,845,415 | |
350,000,000 | Toronto Dominion Bank, 0.220%, 2/19/2021 - 3/31/2021 | 349,943,834 | |
TOTAL | 3,827,993,664 | ||
Finance - Commercial— 4.4% | |||
295,000,000 | Bennington Stark Capital Co., LLC, (Societe Generale, Paris LIQ), 0.170% - 0.200%, 3/5/2021 - 3/12/2021 | 294,947,469 | |
38,000,000 | CAFCO, LLC, 0.170% - 0.200%, 4/23/2021 - 7/6/2021 | 37,975,520 | |
50,000,000 | CHARTA, LLC, 0.220%, 4/12/2021 | 49,983,169 | |
35,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/13/2021 | 35,000,000 | |
120,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/13/2021 | 120,007,616 |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Finance - Commercial— continued | |||
$ 150,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/6/2021 | $150,009,735 | |
80,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 7/6/2021 | 80,000,000 | |
100,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 4/28/2021 | 100,000,000 | |
25,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.200%, 7/13/2021 | 25,000,000 | |
40,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/19/2021 | 40,002,390 | |
50,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 4/26/2021 | 50,000,000 | |
50,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 5/3/2021 | 50,000,000 | |
TOTAL | 1,032,925,899 | ||
Finance - Retail— 5.5% | |||
553,000,000 | Chariot Funding LLC, 0.190% - 0.210%, 2/8/2021 - 7/7/2021 | 552,826,649 | |
70,000,000 | Fairway Finance Co. LLC, 0.240%, 6/1/2021 | 69,951,927 | |
295,000,000 | Old Line Funding, LLC, 0.190% - 0.250%, 2/9/2021 - 6/21/2021 | 294,920,743 | |
50,000,000 | Old Line Funding, LLC, 0.250%, 6/14/2021 | 49,963,167 | |
265,000,000 | Sheffield Receivables Company LLC, 0.200% - 0.230%, 2/16/2021 - 3/24/2021 | 264,953,506 | |
50,000,000 | Thunder Bay Funding, LLC, 0.210%, 4/22/2021 | 49,985,590 | |
10,000,000 | Thunder Bay Funding, LLC, 0.230%, 7/16/2021 | 9,989,920 | |
TOTAL | 1,292,591,502 | ||
Finance - Securities— 7.4% | |||
365,000,000 | Anglesea Funding LLC, 0.230% - 0.270%, 2/8/2021 - 7/1/2021 | 364,835,174 | |
115,000,000 | Chesham Finance LLC Series III, (Societe Generale, Paris COL), 0.110%, 2/3/2021 | 114,999,297 | |
249,150,000 | Collateralized Commercial Paper FLEX Co., LLC, 0.230% - 0.301%, 2/3/2021 - 7/20/2021 | 249,070,521 | |
655,000,000 | Collateralized Commercial Paper V Co. LLC, 0.210% - 0.260%, 2/3/2021 - 8/27/2021 | 654,627,196 | |
100,000,000 | Longship Funding LLC, 0.200% - 0.210%, 2/2/2021 - 2/24/2021 | 99,993,320 | |
245,000,000 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 0.100%, 2/2/2021 | 244,999,319 | |
TOTAL | 1,728,524,827 | ||
Insurance— 1.2% | |||
20,000,000 | PRICOA Short Term Funding, LLC, 0.451%, 2/5/2021 | 19,999,000 | |
260,000,000 | UnitedHealth Group, Inc., 0.180% - 0.220%, 2/10/2021 - 3/31/2021 | 259,957,967 | |
TOTAL | 279,956,967 | ||
Sovereign— 9.1% | |||
635,000,000 | BNG Bank N.V., 0.140% - 0.190%, 4/1/2021 - 5/10/2021 | 634,791,972 |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Sovereign— continued | |||
$ 548,873,000 | Caisse des Depots et Consignations (CDC), 0.145% - 0.210%, 3/10/2021 - 4/27/2021 | $548,728,300 | |
200,000,000 | Erste Abwicklungsanstalt, 0.180%, 4/6/2021 - 4/9/2021 | 199,949,572 | |
704,000,000 | FMS Wertmanagement AoR, 0.200% - 0.225%, 2/19/2021 - 4/22/2021 | 703,841,935 | |
50,000,000 | Nederlandse Waterschapsbank NV, 0.190%, 7/7/2021 | 49,969,084 | |
TOTAL | 2,137,280,863 | ||
TOTAL COMMERCIAL PAPER (IDENTIFIED COST $10,813,542,145) | 10,814,064,255 | ||
CERTIFICATES OF DEPOSIT— 10.5% | |||
Finance - Banking— 10.5% | |||
100,000,000 | Bank of America N.A., 0.190%, 2/4/2021 | 100,000,000 | |
530,000,000 | Bank of Montreal, 0.200% - 0.250%, 2/5/2021 - 3/22/2021 | 530,000,000 | |
100,000,000 | Bank of Montreal, 1.450%, 2/26/2021 | 100,104,492 | |
115,000,000 | Bank of Nova Scotia, Toronto, 0.250% - 0.290%, 10/7/2021 - 12/10/2021 | 115,031,612 | |
850,000,000 | Canadian Imperial Bank of Commerce, 0.260% - 0.600%, 5/4/2021 - 1/4/2022 | 850,626,380 | |
150,000,000 | Mizuho Bank Ltd., 0.150%, 4/29/2021 | 150,000,000 | |
75,000,000 | MUFG Bank Ltd., 0.190%, 4/22/2021 | 75,004,664 | |
540,000,000 | Toronto Dominion Bank, 0.220% - 0.600%, 3/1/2021 - 10/4/2021 | 540,358,077 | |
TOTAL CERTIFICATES OF DEPOSIT (IDENTIFIED COST $2,460,000,000) | 2,461,125,225 | ||
TIME DEPOSITS— 9.3% | |||
Finance - Banking— 9.3% | |||
1,175,000,000 | ABN Amro Bank NV, 0.100% - 0.110%, 2/1/2021 - 2/5/2021 | 1,175,000,000 | |
1,000,000,000 | Cooperatieve Rabobank UA, 0.070%, 2/1/2021 | 1,000,000,000 | |
TOTAL TIME DEPOSITS (IDENTIFIED COST $2,175,000,000) | 2,175,000,000 | ||
2 | NOTES - VARIABLE— 8.3% | ||
Finance - Banking— 6.3% | |||
123,000,000 | Bank of Montreal, 0.314% (3-month USLIBOR +0.100%), 2/12/2021 | 123,000,000 | |
65,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.270% (Effective Fed Funds +0.200%), 2/1/2021 | 65,000,000 | |
100,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.280% (Effective Fed Funds +0.200%), 2/1/2021 | 100,000,000 | |
28,500,000 | Calhoun County, TX Navigation District Environmental Facilities (Formosa Plastic Corp.), (Series 2006) Weekly VRDNs, (Bank of America N.A. LOC), 0.060%, 2/4/2021 | 28,500,000 | |
50,000,000 | Canadian Imperial Bank of Commerce, 0.280% (Effective Fed Funds +0.210%), 2/1/2021 | 50,000,000 | |
4,860,000 | Centra State Medical Arts Building LLC, (TD Bank, N.A. LOC), 0.180%, 2/4/2021 | 4,860,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 32,900,000 | Clark County, NV Airport System, Subordinate Lien Revenue Bonds (Series 2008 C-2) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 0.060%, 2/3/2021 | $32,900,000 | |
16,700,000 | Greene County Development Authority, Reynolds Lodge, LLC Series 2000B, (U.S. Bank, N.A. LOC), 0.110%, 2/3/2021 | 16,700,000 | |
3,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project 2013A, (Bank of America N.A. LOC), 0.150%, 2/4/2021 | 3,000,000 | |
7,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project, (Bank of America N.A. LOC), 0.150%, 2/4/2021 | 7,000,000 | |
7,595,000 | Gulf Gate Apartments LLC, Series 2003, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/4/2021 | 7,595,000 | |
13,920,000 | Hamilton Station Park and Ride, Series 2005, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/4/2021 | 13,920,000 | |
14,500,000 | JEA, FL Electric System, (Series Three 2008B-2: Senior Revenue Bonds) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.060%, 2/3/2021 | 14,500,000 | |
16,505,000 | Los Angeles County Fair Association, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/3/2021 | 16,505,000 | |
78,550,000 | Los Angeles, CA Community Redevelopment Agency (DWF V Hollywood & Vine, LP), Tender Option Bond Trust Floater Certificates (2020-MIZ9038) Weekly VRDNs, (GTD by FHLMC)/(Mizuho Bank Ltd. LIQ), 0.150%, 2/4/2021 | 78,550,000 | |
9,000,000 | Michael Dennis Sullivan Irrevocable Trust, (Wells Fargo Bank, N.A. LOC), 0.150%, 2/4/2021 | 9,000,000 | |
20,780,000 | Michigan State Housing Development Authority, (Series C) Weekly VRDNs, (Bank of America N.A. LOC), 0.070%, 2/3/2021 | 20,780,000 | |
9,780,000 | Mike P. Sturdivant, Sr. Family Trust, Series 2016, (Wells Fargo Bank, N.A. LOC), 0.150%, 2/4/2021 | 9,780,000 | |
34,000,000 | Nuveen Floating Rate Income Fund, (Series A), (Sumitomo Mitsui Banking Corp. LOC), 0.270%, 2/4/2021 | 34,000,000 | |
4,385,000 | Public Building Corp. Springfield, MO, Jordan Valley Ice Park, Series 2003, (U.S. Bank, N.A. LOC), 0.220%, 2/4/2021 | 4,385,000 | |
45,000,000 | Royal Bank of Canada, 0.290% (Secured Overnight Financing Rate +0.250%), 2/1/2021 | 45,000,000 | |
100,000,000 | Royal Bank of Canada, 0.590% (Secured Overnight Financing Rate +0.550%), 2/1/2021 | 100,000,000 | |
175,000,000 | Royal Bank of Canada, New York Branch, 0.240% (Secured Overnight Financing Rate +0.200%), 2/1/2021 | 175,050,442 | |
125,000,000 | Royal Bank of Canada, New York Branch, 0.240% (Secured Overnight Financing Rate +0.200%), 2/1/2021 | 125,037,767 | |
25,000,000 | Royal Bank of Canada, New York Branch, 0.280% (Effective Fed Funds +0.210%), 2/1/2021 | 25,006,381 | |
18,965,000 | Salem Green, LLP, Salem Green Apartments Project, Series 2010, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/4/2021 | 18,965,000 | |
15,000,000 | SSAB AB (publ), Series 2014-B, (Credit Agricole Corporate and Investment Bank LOC), 0.150%, 2/4/2021 | 15,000,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 20,000,000 | SSAB AB (publ), Series 2015-B, (Nordea Bank Abp LOC), 0.150%, 2/4/2021 | $20,000,000 | |
690,000 | St. Andrew United Methodist Church, Series 2004, (Wells Fargo Bank, N.A. LOC), 0.500%, 2/4/2021 | 690,000 | |
205,000,000 | Toronto Dominion Bank, 0.390% (Effective Fed Funds +0.320%), 2/1/2021 | 205,000,000 | |
25,000,000 | Toronto Dominion Bank, 0.513% (3-month USLIBOR +0.300%), 4/27/2021 | 25,018,658 | |
68,300,000 | Triborough Bridge & Tunnel Authority, NY, (Taxable Series E) Weekly VRDNs, (Bank of America N.A. LOC), 0.100%, 2/4/2021 | 68,300,000 | |
4,300,000 | Village Green Finance Co. LLC, (Series 1997), (Wells Fargo Bank, N.A. LOC), 0.120%, 2/3/2021 | 4,300,000 | |
6,485,000 | Yeshivas Novominsk, Series 2008, (TD Bank, N.A. LOC), 0.170%, 2/4/2021 | 6,485,000 | |
TOTAL | 1,473,828,248 | ||
Finance - Securities— 0.8% | |||
100,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Royal Bank of Canada COL)/(Societe Generale, Paris COL), 0.222% (1-month USLIBOR +0.100%), 7/30/2021 | 100,000,000 | |
42,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Royal Bank of Canada COL)/(Societe Generale, Paris COL), 0.253% (1-month USLIBOR +0.120%), 2/9/2021 | 42,000,000 | |
40,000,000 | Glencove Funding LLC, (JPMorgan Chase Bank, N.A. COL), 0.272% (3-month USLIBOR +0.050%), 4/22/2021 | 40,000,000 | |
TOTAL | 182,000,000 | ||
Government Agency— 1.2% | |||
2,285,000 | 1320 W Jefferson LLC, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 2,285,000 | |
10,450,000 | Archer 1 LLC, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 10,450,000 | |
9,015,000 | Austen Children’s Gift Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 9,015,000 | |
6,830,000 | Baker Life Insurance Trust, (FHLB of Des Moines LOC), 0.150%, 2/4/2021 | 6,830,000 | |
8,350,000 | BWF Forge TL Properties Owner LLC, (FHLB of Des Moines LOC)/(FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 8,350,000 | |
5,705,000 | Catania Family Trust, (FHLB of Dallas LOC), 0.150%, 2/3/2021 | 5,705,000 | |
5,445,000 | Design Center LLC, (FHLB of Pittsburgh LOC), 0.150%, 2/4/2021 | 5,445,000 | |
27,100,000 | Fiddyment Ranch Apartments LP, Series 2017-A Fiddyment Ranch Apartments, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 27,100,000 | |
27,100,000 | Fiddyment Ranch Apartments LP, Series 2017-B Fiddyment Ranch Apartments, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 27,100,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 5,640,000 | Herman & Kittle Capital, LLC, Canterbury House Apartments- Lebanon Project Series 2005, (FHLB of Cincinnati LOC), 0.150%, 2/4/2021 | $5,640,000 | |
32,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-A, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 32,000,000 | |
16,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-B, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 16,000,000 | |
4,270,000 | Jim Brooks Irrevocable Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 4,270,000 | |
11,570,000 | Joseph L. Goggins Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.150%, 2/4/2021 | 11,570,000 | |
3,655,000 | Karyn Brooks Descendants Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 3,655,000 | |
6,380,000 | MHF DKF Insurance Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 6,380,000 | |
17,030,000 | Mohr Green Associates L.P., 2012-A, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 17,030,000 | |
19,640,000 | OSL Santa Rosa Fountaingrove LLC, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 19,640,000 | |
805,000 | Park Stanton Place LP, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 805,000 | |
5,010,000 | R.J. Brooks Jr. Irrevocable Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 5,010,000 | |
6,980,000 | RK Trust, (FHLB of Dallas LOC), 0.150%, 2/3/2021 | 6,980,000 | |
6,255,000 | Sibley Family Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.150%, 2/4/2021 | 6,255,000 | |
6,610,000 | The CLC Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.150%, 2/3/2021 | 6,610,000 | |
5,120,000 | The Eugene Kim Irrevocable Life Insurance Trust, (FHLB of Dallas LOC), 0.150%, 2/3/2021 | 5,120,000 | |
22,830,000 | The Gregory P. Berry Trust, (FHLB of Des Moines LOC), 0.150%, 2/3/2021 | 22,830,000 | |
5,740,000 | The Leopold Family Insurance Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 5,740,000 | |
5,975,000 | The Thompson 2018 Family Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 5,975,000 | |
TOTAL | 283,790,000 | ||
TOTAL NOTES - VARIABLE (IDENTIFIED COST $1,939,505,000) | 1,939,618,248 | ||
U.S. TREASURY— 5.1% | |||
3 | U.S. Treasury Bills— 5.1% | ||
29,000,000 | United States Treasury Bills, 0.120%, 2/25/2021 | 28,997,680 | |
250,000,000 | United States Treasury Bills, 0.115%, 3/4/2021 | 249,974,974 | |
375,000,000 | United States Treasury Bills, 0.087%, 4/27/2021 | 374,951,303 |
Principal Amount | Value | ||
U.S. TREASURY— continued | |||
3 | U.S. Treasury Bills— continued | ||
$ 380,000,000 | United States Treasury Bills, 0.085%, 5/6/2021 | $379,930,247 | |
160,000,000 | United States Treasury Bills, 0.100%, 7/1/2021 | 159,946,667 | |
TOTAL U.S. TREASURY (IDENTIFIED COST $1,193,744,174) | 1,193,800,871 | ||
ASSET-BACKED SECURITIES— 0.1% | |||
Finance - Automotive— 0.1% | |||
14,622,689 | Enterprise Fleet Financing LLC 2020-2, Class A1, 0.239%, 10/20/2021 | 14,623,005 | |
11,996,845 | Westlake Automobile Receivables Trust 2020-3, Class A1, 0.206%, 10/15/2021 | 11,996,728 | |
11,511,291 | Wheels SPV 2, LLC 2020-1, Class A1, 0.244%, 9/20/2021 | 11,512,054 | |
TOTAL ASSET-BACKED SECURITIES (IDENTIFIED COST $38,130,825) | 38,131,787 | ||
MUNICIPAL BOND— 0.1% | |||
Municipal— 0.1% | |||
21,500,000 | New York State Dormitory Authority State Personal Income Tax Revenue, (Series B), 5.000%, 3/31/2021 (IDENTIFIED COST $21,651,864) | 21,675,861 | |
OTHER REPURCHASE AGREEMENTS— 16.2% | |||
Finance - Banking— 16.2% | |||
80,000,000 | BMO Capital Markets Corp., 0.20%, dated 1/29/2021, interest in a $175,000,000 collateralized loan agreement will repurchase securities provided as collateral for $175,002,917 on 2/1/2021, in which corporate bonds and medium-term notes with a market value of $178,503,862 have been received as collateral and held with BNY Mellon as tri-party agent. | 80,000,000 | |
75,000,000 | BMO Capital Markets Corp., 0.28%, dated 12/8/2020, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,211,167 on 7/7/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $153,063,301 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
125,000,000 | BMO Capital Markets Corp., 0.17%, dated 1/29/2021, interest in a $175,000,000 collateralized loan agreement will repurchase securities provided as collateral for $175,002,479 on 2/1/2021, in which asset-backed securities, corporate bonds and medium-term notes with a market value of $178,503,708 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
50,000,000 | BNP Paribas SA, 0.27%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,002,250 on 2/1/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $102,002,295 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 50,000,000 | BNP Paribas SA, 0.48%, dated 12/10/2020, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,160,000 on 2/8/2021, in which asset-backed securities, corporate bonds and medium-term notes with a market value of $204,163,201 have been received as collateral and held with BNY Mellon as tri-party agent. | $50,000,000 | |
61,000,000 | BNP Paribas SA, 0.31%, dated 1/29/2021, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,003,875 on 2/1/2021, in which asset-backed securities with a market value of $153,003,952 have been received as collateral and held with BNY Mellon as tri-party agent. | 61,000,000 | |
75,000,000 | BNP Paribas SA, 0.20%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,001,667 on 2/1/2021, in which asset-backed securities, corporate bonds, medium-term notes and sovereign debt with a market value of $102,001,701 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
100,000,000 | BofA Securities, Inc., 0.70%, dated 9/4/2020, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,175,000 on 5/5/2021, in which convertible bonds with a market value of $102,055,449 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
250,000,000 | BofA Securities, Inc., 0.70%, dated 9/9/2020, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,437,500 on 5/5/2021, in which American depositary receipts, convertible bonds, corporate bonds, exchange traded funds and medium-term notes with a market value of $255,139,375 have been received as collateral and held with BNY Mellon as tri-party agent. | 250,000,000 | |
250,000,000 | Citigroup Global Markets, Inc., 0.27%, dated 1/29/2021, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,005,625 on 2/1/2021, in which common stocks, convertible bonds and exchange traded funds with a market value of $255,005,738 have been received as collateral and held with BNY Mellon as tri-party agent. | 250,000,000 | |
33,400,000 | Citigroup Global Markets, Inc., 0.57%, dated 1/29/2021, interest in a $35,000,000 collateralized loan agreement will repurchase securities provided as collateral for $35,001,663 on 2/1/2021, in which certificate of deposit, corporate bonds and medium-term notes with a market value of $35,917,879 have been received as collateral and held with BNY Mellon as tri-party agent. | 33,400,000 | |
25,000,000 | Citigroup Global Markets, Inc., 0.59%, dated 11/17/2020, interest in a $85,000,000 collateralized loan agreement will repurchase securities provided as collateral for $85,254,929 on 5/19/2021, in which sovereign debt with a market value of $86,955,352 have been received as collateral and held with BNY Mellon as tri-party agent. | 25,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 95,000,000 | Citigroup Global Markets, Inc., 0.64%, dated 11/17/2020, interest in a $165,000,000 collateralized loan agreement will repurchase securities provided as collateral for $165,536,800 on 5/19/2021, in which asset-backed securities, collateralized mortgage obligations and corporate bonds with a market value of $168,389,426 have been received as collateral and held with BNY Mellon as tri-party agent. | $95,000,000 | |
75,000,000 | Credit Agricole S.A., 0.18%, dated 1/28/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,006,000 on 2/4/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes, sovereign debt, treasury bills and treasury notes with a market value of $204,003,060 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
225,000,000 | Credit Agricole S.A., 0.19%, dated 1/25/2021, interest in a $600,000,000 collateralized loan agreement will repurchase securities provided as collateral for $600,019,000 on 2/1/2021, in which corporate bonds, medium-term notes, municipal bonds, sovereign debt and treasury bonds with a market value of $612,019,380 have been received as collateral and held with BNY Mellon as tri-party agent. | 225,000,000 | |
110,000,000 | Credit Agricole S.A., 0.19%, dated 1/26/2021, interest in a $225,000,000 collateralized loan agreement will repurchase securities provided as collateral for $225,007,125 on 2/2/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign debt with a market value of $229,506,694 have been received as collateral and held with BNY Mellon as tri-party agent. | 110,000,000 | |
100,000,000 | Credit Agricole S.A., 0.20%, dated 1/28/2021, interest in a $125,000,000 collateralized loan agreement will repurchase securities provided as collateral for $125,004,167 on 2/4/2021, in which asset-backed securities, corporate bonds, medium-term notes and sovereign debt with a market value of $127,502,125 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
110,000,000 | Credit Agricole S.A., 0.21%, dated 1/26/2021, interest in a $225,000,000 collateralized loan agreement will repurchase securities provided as collateral for $225,007,875 on 2/2/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $229,506,056 have been received as collateral and held with BNY Mellon as tri-party agent. | 110,000,000 | |
75,000,000 | Credit Agricole S.A., 0.27%, dated 1/26/2021, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,006,750 on 2/2/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $153,005,738 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 130,000,000 | J.P. Morgan Securities LLC, 0.27%, dated 1/26/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,010,500 on 2/2/2021, in which corporate bonds and medium-term notes with a market value of $204,000,001 have been received as collateral and held with BNY Mellon as tri-party agent. | $130,000,000 | |
85,000,000 | J.P. Morgan Securities LLC, 0.07%, dated 1/12/2021, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,011,667 on 2/5/2021, in which corporate bonds and medium-term notes with a market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 85,000,000 | |
10,000,000 | Mizuho Securities USA, Inc., 0.43%, dated 1/29/2021, interest in a $75,000,000 collateralized loan agreement will repurchase securities provided as collateral for $75,002,688 on 2/1/2021, in which treasury notes with a market value of $76,502,776 have been received as collateral and held with BNY Mellon as tri-party agent. | 10,000,000 | |
100,000,000 | Mizuho Securities USA, Inc., 0.27%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,002,250 on 2/1/2021, in which common stocks with a market value of $102,002,297 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
450,000,000 | MUFG Securities Americas, Inc., 0.22%, dated 1/29/2021, interest in a $700,000,000 collateralized loan agreement will repurchase securities provided as collateral for $700,012,833 on 2/1/2021, in which American depositary receipts, common stocks, convertible bonds, exchange traded funds and unit investment trust with a market value of $714,013,090 have been received as collateral and held with BNY Mellon as tri-party agent. | 450,000,000 | |
150,000,000 | Pershing LLC., 0.33%, dated 10/30/2020, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,019,250 on 2/11/2021, in which asset-backed securities, collateralized mortgage obligations, common stocks, convertible bonds, corporate bonds, exchange traded funds, medium-term notes and municipal bonds with a market value of $306,008,160 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
200,000,000 | Societe Generale, Paris, 0.17%, dated 1/29/2021, interest in a $500,000,000 collateralized loan agreement will repurchase securities provided as collateral for $500,007,083 on 2/1/2021, in which asset-backed securities, corporate bonds, medium-term notes and sovereign debt with a market value of $510,031,382 have been received as collateral and held with BNY Mellon as tri-party agent. | 200,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 306,000,000 | Societe Generale, Paris, 0.27%, dated 1/29/2021, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,014,625 on 2/1/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign debt with a market value of $663,014,918 have been received as collateral and held with BNY Mellon as tri-party agent. | $306,000,000 | |
50,000,000 | Standard Chartered Bank, 0.14%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,001,167 on 2/1/2021, in which treasury bonds and treasury notes with a market value of $102,002,434 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 0.64%, dated 5/20/2020, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,240,000 on 5/3/2021, in which convertible bonds with a market value of $153,068,341 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
100,000,000 | Wells Fargo Securities LLC, 0.66%, dated 6/8/2020, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,165,000 on 4/27/2021, in which convertible bonds with a market value of $102,009,351 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
120,000,000 | Wells Fargo Securities LLC, 0.68%, dated 6/1/2020, interest in a $120,000,000 collateralized loan agreement will repurchase securities provided as collateral for $120,204,000 on 4/14/2021, in which convertible bonds with a market value of $122,441,616 have been received as collateral and held with BNY Mellon as tri-party agent. | 120,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS (IDENTIFIED COST $3,815,400,000) | 3,815,400,000 | ||
REPURCHASE AGREEMENTS— 4.7% | |||
Finance - Banking— 4.7% | |||
750,000,000 | Citigroup Global Markets, Inc., 0.06%, dated 1/29/2021, interest in a $750,000,000 collateralized loan agreement will repurchase securities provided as collateral for $750,003,750 on 2/1/2021, in which Sovereign with a market value of $765,003,827 have been received as collateral and held with BNY Mellon as tri-party agent. | 750,000,000 | |
200,000,000 | Interest in $2,150,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $2,150,010,750 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 7/15/2061 and the market value of those underlying securities was $2,199,316,441. | 200,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 149,741,000 | Interest in $2,000,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $2,000,010,000 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 11/20/2049 and the market value of those underlying securities was $2,040,010,200. | $149,741,000 | |
TOTAL REPURCHASE AGREEMENTS (IDENTIFIED COST $1,099,741,000) | 1,099,741,000 | ||
TOTAL INVESTMENT IN SECURITIES—100.4% (IDENTIFIED COST $23,556,715,008)4 | 23,558,557,247 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.4)%5 | (99,370,119) | ||
TOTAL NET ASSETS—100% | $23,459,187,128 |
1 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
3 | Discount rate at time of purchase. |
4 | Also represents cost for federal tax purposes. |
5 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
FHLB | —Federal Home Loan Bank | |
FHLMC | —Federal Home Loan Mortgage Corporation | |
GTD | —Guaranteed | |
LIBOR | —London Interbank Offered Rate | |
LIQ | —Liquidity Agreement | |
LLP | —Limited Liability Partnership | |
LOC | —Letter of Credit | |
MHF | —Maryland Housing Fund | |
PLC | —Public Limited Company | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.0007 | $1.0004 | $1.0003 | $1.0003 | $1.0000 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0006 | 0.0136 | 0.0239 | 0.0156 | 0.0063 | 0.003 |
Net realized and unrealized gain (loss) | (0.0002) | 0.0003 | 0.0001 | 0.00001 | 0.0011 | 0.001 |
Total From Investment Operations | 0.0004 | 0.0139 | 0.0240 | 0.0156 | 0.0074 | 0.004 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0006) | (0.0136) | (0.0239) | (0.0156) | (0.0063) | (0.003) |
Distributions from net realized gain | — | — | — | — | (0.0008) | (0.001) |
Total Distributions | (0.0006) | (0.0136) | (0.0239) | (0.0156) | (0.0071) | (0.004) |
Net Asset Value, End of Period | $1.0005 | $1.0007 | $1.0004 | $1.0003 | $1.0003 | $1.00 |
Total Return2 | 0.04% | 1.39% | 2.43% | 1.57% | 0.66% | 0.26% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.15%4 | 0.15% | 0.15% | 0.17% | 0.20% | 0.21% |
Net investment income | 0.11%4 | 1.37% | 2.41% | 1.62% | 0.40% | 0.26% |
Expense waiver/ reimbursement5 | 0.13%4 | 1.13% | 0.13% | 0.12% | 0.10% | 0.08% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $23,385,305 | $23,611,390 | $21,146,776 | $10,941,508 | $787,309 | $21,921,916 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.0007 | $1.0004 | $1.0002 | $1.0003 | $1.0000 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.0112 | 0.0218 | 0.0134 | 0.0040 | 0.001 |
Net realized and unrealized gain (loss) | (0.0002) | 0.0003 | 0.0002 | 0.00001 | 0.0012 | 0.001 |
Total From Investment Operations | (0.0001) | 0.0115 | 0.0220 | 0.0134 | 0.0052 | 0.002 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0001) | (0.0112) | (0.0218) | (0.0135) | (0.0040) | (0.001) |
Distributions from net realized gain | — | — | — | — | (0.0009) | (0.001) |
Total Distributions | (0.0001) | (0.0112) | (0.0218) | (0.0135) | (0.0049) | (0.002) |
Net Asset Value, End of Period | $1.0005 | $1.0007 | $1.0004 | $1.0002 | $1.0003 | $1.00 |
Total Return2 | (0.01)% | 1.15% | 2.22% | 1.35% | 0.43% | 0.07% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.26%4 | 0.40% | 0.37% | 0.39% | 0.45% | 0.39% |
Net investment income | 0.01%4 | 1.22% | 2.21% | 1.33% | 0.13% | 0.07% |
Expense waiver/reimbursement5 | 0.25%4 | 0.13% | 0.13% | 0.12% | 0.10% | 0.15% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $54,623 | $83,818 | $93,979 | $47,817 | $37,873 | $1,841,641 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.0008 | $1.0004 | $1.0002 | $1.0002 | $1.0000 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0003 | 0.0131 | 0.0234 | 0.0151 | 0.0058 | 0.002 |
Net realized and unrealized gain (loss) | (0.0002) | 0.0004 | 0.0002 | 0.00001 | 0.0010 | 0.001 |
Total From Investment Operations | 0.0001 | 0.0135 | 0.0236 | 0.0151 | 0.0068 | 0.003 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0003) | (0.0131) | (0.0234) | (0.0151) | (0.0058) | (0.002) |
Distributions from net realized gain | — | — | — | — | (0.0008) | (0.001) |
Total Distributions | (0.0003) | (0.0131) | (0.0234) | (0.0151) | (0.0066) | (0.003) |
Net Asset Value, End of Period | $1.0006 | $1.0008 | $1.0004 | $1.0002 | $1.0002 | $1.00 |
Total Return2 | 0.01% | 1.35% | 2.39% | 1.52% | 0.60% | 0.21% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.20%4 | 0.20% | 0.20% | 0.23% | 0.25% | 0.26% |
Net investment income | 0.06%4 | 1.19% | 2.31% | 1.52% | 0.34% | 0.22% |
Expense waiver/reimbursement5 | 0.13%4 | 0.13% | 0.13% | 0.12% | 0.10% | 0.08% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $19,259 | $23,527 | $14,374 | $25,206 | $14,549 | $526,605 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $4,915,141,000 |
Investment in securities | 18,643,416,247 |
Investment in securities, at value (identified cost $23,556,715,008) | 23,558,557,247 |
Income receivable | 6,330,819 |
Total Assets | 23,564,888,066 |
Liabilities: | |
Payable for investments purchased | 103,700,000 |
Bank overdraft | 45,993 |
Income distribution payable | 1,107,403 |
Payable to adviser (Note 5) | 135,674 |
Payable for administrative fee (Note 5) | 150,588 |
Accrued expenses (Note 5) | 561,280 |
Total Liabilities | 105,700,938 |
Net assets for 23,447,859,602 shares outstanding | $23,459,187,128 |
Net Assets Consist of: | |
Paid-in capital | $23,458,809,848 |
Total distributable earnings (loss) | 377,280 |
Total Net Assets | $23,459,187,128 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$23,385,305,298 ÷ 23,374,016,353 shares outstanding, no par value, unlimited shares authorized | $1.0005 |
Service Shares: | |
$54,623,014 ÷ 54,595,409 shares outstanding, no par value, unlimited shares authorized | $1.0005 |
Capital Shares: | |
$19,258,816 ÷ 19,247,840 shares outstanding, no par value, unlimited shares authorized | $1.0006 |
Investment Income: | |
Interest | $32,545,448 |
Expenses: | |
Investment adviser fee (Note 5) | 24,448,144 |
Administrative fee (Note 5) | 9,530,925 |
Custodian fees | 383,249 |
Transfer agent fees | 107,704 |
Directors’/Trustees’ fees (Note 5) | 53,666 |
Auditing fees | 12,025 |
Legal fees | 5,261 |
Portfolio accounting fees | 140,884 |
Other service fees (Notes 2 and 5) | 81,165 |
Share registration costs | 40,001 |
Printing and postage | 15,329 |
Miscellaneous (Note 5) | 62,161 |
TOTAL EXPENSES | 34,880,514 |
Waivers and Reimbursement: | |
Waiver of investment adviser fee (Note 5) | (15,864,262) |
Waivers/reimbursement of other operating expenses (Notes 2 and 5) | (39,248) |
TOTAL WAIVERS AND REIMBURSEMENT | (15,903,510) |
Net expenses | 18,977,004 |
Net investment income | 13,568,444 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized gain on investments | 105,662 |
Net change in unrealized appreciation of investments | (5,418,157) |
Net realized and unrealized gain (loss) on investments | (5,312,495) |
Change in net assets resulting from operations | $8,255,949 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended 7/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income (loss) | $13,568,444 | $321,390,201 |
Net realized gain (loss) | 105,662 | (1,568,343) |
Net change in unrealized appreciation/depreciation | (5,418,157) | 3,688,255 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 8,255,949 | 323,510,113 |
Distributions to Shareholders: | ||
Institutional Shares | (13,564,152) | (319,807,042) |
Service Shares | (3,223) | (1,400,428) |
Capital Shares | (7,745) | (233,170) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (13,575,120) | (321,440,640) |
Share Transactions: | ||
Proceeds from sale of shares | 24,632,061,916 | 63,468,243,391 |
Net asset value of shares issued to shareholders in payment of distributions declared | 2,433,211 | 53,575,799 |
Cost of shares redeemed | (24,888,723,992) | (61,060,281,709) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (254,228,865) | 2,461,537,481 |
Change in net assets | (259,548,036) | 2,463,606,954 |
Net Assets: | ||
Beginning of period | 23,718,735,164 | 21,255,128,210 |
End of period | $23,459,187,128 | $23,718,735,164 |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $74,572 | $(499) | $(38,749) |
Capital Shares | 6,593 | — | — |
TOTAL | $81,165 | $(499) | $(38,749) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 24,218,618,553 | $24,231,660,792 | 62,747,078,555 | $62,773,370,088 |
Shares issued to shareholders in payment of distributions declared | 2,421,413 | 2,422,716 | 52,072,038 | 52,091,304 |
Shares redeemed | (24,441,851,335) | (24,454,870,050) | (60,342,756,540) | (60,362,871,020) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (220,811,369) | $(220,786,542) | 2,456,394,053 | $2,462,590,372 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 148,242,252 | $148,320,706 | 275,734,832 | $275,819,555 |
Shares issued to shareholders in payment of distributions declared | 2,749 | 2,750 | 1,251,498 | 1,251,881 |
Shares redeemed | (177,412,833) | (177,502,462) | (287,168,204) | (287,257,442) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (29,167,832) | $(29,179,006) | (10,181,874) | $(10,186,006) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 251,926,755 | $252,080,418 | 418,856,851 | $419,053,748 |
Shares issued to shareholders in payment of distributions declared | 7,739 | 7,745 | 232,523 | 232,614 |
Shares redeemed | (256,195,002) | (256,351,480) | (409,949,325) | (410,153,247) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (4,260,508) | $(4,263,317) | 9,140,049 | $9,133,115 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (254,239,709) | $(254,228,865) | 2,455,352,228 | $2,461,537,481 |
Short-Term | Long-Term | Total |
$1,568,343 | $— | $1,568,343 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2020 | Ending Account Value 1/31/2021 | Expenses Paid During Period1 | |
Actual: | |||
Institutional Shares | $1,000 | $1,000.40 | $20.76 |
Service Shares | $1,000 | $999.90 | $31.31 |
Capital Shares | $1,000 | $1,000.10 | $41.01 |
Hypothetical (assuming a 5% return before expenses): | |||
Institutional Shares | $1,000 | $1,024.45 | $20.77 |
Service Shares | $1,000 | $1,023.89 | $31.33 |
Capital Shares | $1,000 | $1,024.20 | $41.02 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Institutional Shares | 0.15% |
Service Shares | 0.26% |
Capital Shares | 0.20% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Service Shares current Fee Limit of 0.45% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.27 and $2.30, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Capital Shares current Fee Limit of 0.25% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.26 and $1.28, respectively. |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N708
CUSIP 608919767
Share Class | Ticker | Institutional | POIXX |
Federated Hermes Institutional Prime Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Commercial Paper | 46.1% |
Other Repurchase Agreements and Repurchase Agreements | 20.9% |
Bank Instruments | 19.8% |
Variable Instruments | 8.3% |
U.S. Treasuries | 5.1% |
Asset-Backed Securities | 0.1% |
Municipal Bond | 0.1% |
Other Assets and Liabilities—Net2 | (0.4)% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days2 | 41.9% |
8-30 Days | 13.9% |
31-90 Days | 25.6% |
91-180 Days | 14.8% |
181 Days or more | 4.2% |
Other Assets and Liabilities—Net3 | (0.4)% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Overnight securities comprised 35.1% of the Fund’s portfolio. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— 46.1% | ||
Aerospace/Auto— 2.2% | |||
$ 150,000,000 | Toyota Credit Canada, Inc., (Toyota Motor Corp. SA), 0.210% - 0.250%, 3/18/2021 - 5/20/2021 | $149,923,975 | |
50,000,000 | Toyota Credit De Puerto Rico Corp., (Toyota Motor Corp. SA), 0.240%, 5/5/2021 | 49,980,800 | |
315,000,000 | Toyota Motor Credit Corp., (Toyota Motor Corp. SA), 0.230% - 0.240%, 4/28/2021 - 5/5/2021 | 314,885,758 | |
TOTAL | 514,790,533 | ||
Finance - Banking— 16.3% | |||
100,000,000 | Alpine Securitization LLC, (Credit Suisse AG LIQ), 0.210%, 7/7/2021 | 100,000,000 | |
180,000,000 | ASB Finance Ltd., (GTD by ASB Bank Ltd.), 0.190% - 0.250%, 2/25/2021 - 7/7/2021 | 179,926,047 | |
161,200,000 | Australia & New Zealand Banking Group, Melbourne, 0.145% - 0.250%, 4/27/2021 - 7/22/2021 | 161,112,693 | |
75,000,000 | Bank of Montreal, 0.250%, 3/23/2021 | 74,973,959 | |
205,700,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.210% - 0.240%, 4/19/2021 - 6/1/2021 | 205,597,126 | |
100,000,000 | BofA Securities, Inc., 0.190%, 2/4/2021 | 100,000,000 | |
695,000,000 | BPCE SA, 0.190% - 0.200%, 2/1/2021 - 4/5/2021 | 694,904,410 | |
135,000,000 | DNB Bank ASA, 0.190%, 7/12/2021 | 134,904,675 | |
99,000,000 | Manhattan Asset Funding Company LLC, (Sumitomo Mitsui Banking Corp. LIQ), 0.170%, 3/5/2021 | 98,985,040 | |
50,000,000 | National Australia Bank Ltd., Melbourne, 0.240%, 6/7/2021 | 49,981,546 | |
605,000,000 | Nationwide Building Society, 0.145% - 0.190%, 2/8/2021 - 3/12/2021 | 604,942,406 | |
710,000,000 | NRW.Bank, 0.180% - 0.215%, 2/8/2021 - 4/8/2021 | 709,880,129 | |
155,000,000 | Societe Generale, Paris, 0.210%, 2/5/2021 | 154,996,384 | |
207,950,000 | Svenska Handelsbanken, Stockholm, 0.200% - 0.210%, 4/8/2021 - 7/7/2021 | 207,845,415 | |
350,000,000 | Toronto Dominion Bank, 0.220%, 2/19/2021 - 3/31/2021 | 349,943,834 | |
TOTAL | 3,827,993,664 | ||
Finance - Commercial— 4.4% | |||
295,000,000 | Bennington Stark Capital Co., LLC, (Societe Generale, Paris LIQ), 0.170% - 0.200%, 3/5/2021 - 3/12/2021 | 294,947,469 | |
38,000,000 | CAFCO, LLC, 0.170% - 0.200%, 4/23/2021 - 7/6/2021 | 37,975,520 | |
50,000,000 | CHARTA, LLC, 0.220%, 4/12/2021 | 49,983,169 | |
35,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/13/2021 | 35,000,000 | |
120,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/13/2021 | 120,007,616 |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Finance - Commercial— continued | |||
$ 150,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/6/2021 | $150,009,735 | |
80,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 7/6/2021 | 80,000,000 | |
100,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 4/28/2021 | 100,000,000 | |
25,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.200%, 7/13/2021 | 25,000,000 | |
40,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/19/2021 | 40,002,390 | |
50,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 4/26/2021 | 50,000,000 | |
50,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 5/3/2021 | 50,000,000 | |
TOTAL | 1,032,925,899 | ||
Finance - Retail— 5.5% | |||
553,000,000 | Chariot Funding LLC, 0.190% - 0.210%, 2/8/2021 - 7/7/2021 | 552,826,649 | |
70,000,000 | Fairway Finance Co. LLC, 0.240%, 6/1/2021 | 69,951,927 | |
295,000,000 | Old Line Funding, LLC, 0.190% - 0.250%, 2/9/2021 - 6/21/2021 | 294,920,743 | |
50,000,000 | Old Line Funding, LLC, 0.250%, 6/14/2021 | 49,963,167 | |
265,000,000 | Sheffield Receivables Company LLC, 0.200% - 0.230%, 2/16/2021 - 3/24/2021 | 264,953,506 | |
50,000,000 | Thunder Bay Funding, LLC, 0.210%, 4/22/2021 | 49,985,590 | |
10,000,000 | Thunder Bay Funding, LLC, 0.230%, 7/16/2021 | 9,989,920 | |
TOTAL | 1,292,591,502 | ||
Finance - Securities— 7.4% | |||
365,000,000 | Anglesea Funding LLC, 0.230% - 0.270%, 2/8/2021 - 7/1/2021 | 364,835,174 | |
115,000,000 | Chesham Finance LLC Series III, (Societe Generale, Paris COL), 0.110%, 2/3/2021 | 114,999,297 | |
249,150,000 | Collateralized Commercial Paper FLEX Co., LLC, 0.230% - 0.301%, 2/3/2021 - 7/20/2021 | 249,070,521 | |
655,000,000 | Collateralized Commercial Paper V Co. LLC, 0.210% - 0.260%, 2/3/2021 - 8/27/2021 | 654,627,196 | |
100,000,000 | Longship Funding LLC, 0.200% - 0.210%, 2/2/2021 - 2/24/2021 | 99,993,320 | |
245,000,000 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 0.100%, 2/2/2021 | 244,999,319 | |
TOTAL | 1,728,524,827 | ||
Insurance— 1.2% | |||
20,000,000 | PRICOA Short Term Funding, LLC, 0.451%, 2/5/2021 | 19,999,000 | |
260,000,000 | UnitedHealth Group, Inc., 0.180% - 0.220%, 2/10/2021 - 3/31/2021 | 259,957,967 | |
TOTAL | 279,956,967 | ||
Sovereign— 9.1% | |||
635,000,000 | BNG Bank N.V., 0.140% - 0.190%, 4/1/2021 - 5/10/2021 | 634,791,972 |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Sovereign— continued | |||
$ 548,873,000 | Caisse des Depots et Consignations (CDC), 0.145% - 0.210%, 3/10/2021 - 4/27/2021 | $548,728,300 | |
200,000,000 | Erste Abwicklungsanstalt, 0.180%, 4/6/2021 - 4/9/2021 | 199,949,572 | |
704,000,000 | FMS Wertmanagement AoR, 0.200% - 0.225%, 2/19/2021 - 4/22/2021 | 703,841,935 | |
50,000,000 | Nederlandse Waterschapsbank NV, 0.190%, 7/7/2021 | 49,969,084 | |
TOTAL | 2,137,280,863 | ||
TOTAL COMMERCIAL PAPER (IDENTIFIED COST $10,813,542,145) | 10,814,064,255 | ||
CERTIFICATES OF DEPOSIT— 10.5% | |||
Finance - Banking— 10.5% | |||
100,000,000 | Bank of America N.A., 0.190%, 2/4/2021 | 100,000,000 | |
530,000,000 | Bank of Montreal, 0.200% - 0.250%, 2/5/2021 - 3/22/2021 | 530,000,000 | |
100,000,000 | Bank of Montreal, 1.450%, 2/26/2021 | 100,104,492 | |
115,000,000 | Bank of Nova Scotia, Toronto, 0.250% - 0.290%, 10/7/2021 - 12/10/2021 | 115,031,612 | |
850,000,000 | Canadian Imperial Bank of Commerce, 0.260% - 0.600%, 5/4/2021 - 1/4/2022 | 850,626,380 | |
150,000,000 | Mizuho Bank Ltd., 0.150%, 4/29/2021 | 150,000,000 | |
75,000,000 | MUFG Bank Ltd., 0.190%, 4/22/2021 | 75,004,664 | |
540,000,000 | Toronto Dominion Bank, 0.220% - 0.600%, 3/1/2021 - 10/4/2021 | 540,358,077 | |
TOTAL CERTIFICATES OF DEPOSIT (IDENTIFIED COST $2,460,000,000) | 2,461,125,225 | ||
TIME DEPOSITS— 9.3% | |||
Finance - Banking— 9.3% | |||
1,175,000,000 | ABN Amro Bank NV, 0.100% - 0.110%, 2/1/2021 - 2/5/2021 | 1,175,000,000 | |
1,000,000,000 | Cooperatieve Rabobank UA, 0.070%, 2/1/2021 | 1,000,000,000 | |
TOTAL TIME DEPOSITS (IDENTIFIED COST $2,175,000,000) | 2,175,000,000 | ||
2 | NOTES - VARIABLE— 8.3% | ||
Finance - Banking— 6.3% | |||
123,000,000 | Bank of Montreal, 0.314% (3-month USLIBOR +0.100%), 2/12/2021 | 123,000,000 | |
65,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.270% (Effective Fed Funds +0.200%), 2/1/2021 | 65,000,000 | |
100,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.280% (Effective Fed Funds +0.200%), 2/1/2021 | 100,000,000 | |
28,500,000 | Calhoun County, TX Navigation District Environmental Facilities (Formosa Plastic Corp.), (Series 2006) Weekly VRDNs, (Bank of America N.A. LOC), 0.060%, 2/4/2021 | 28,500,000 | |
50,000,000 | Canadian Imperial Bank of Commerce, 0.280% (Effective Fed Funds +0.210%), 2/1/2021 | 50,000,000 | |
4,860,000 | Centra State Medical Arts Building LLC, (TD Bank, N.A. LOC), 0.180%, 2/4/2021 | 4,860,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 32,900,000 | Clark County, NV Airport System, Subordinate Lien Revenue Bonds (Series 2008 C-2) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 0.060%, 2/3/2021 | $32,900,000 | |
16,700,000 | Greene County Development Authority, Reynolds Lodge, LLC Series 2000B, (U.S. Bank, N.A. LOC), 0.110%, 2/3/2021 | 16,700,000 | |
3,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project 2013A, (Bank of America N.A. LOC), 0.150%, 2/4/2021 | 3,000,000 | |
7,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project, (Bank of America N.A. LOC), 0.150%, 2/4/2021 | 7,000,000 | |
7,595,000 | Gulf Gate Apartments LLC, Series 2003, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/4/2021 | 7,595,000 | |
13,920,000 | Hamilton Station Park and Ride, Series 2005, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/4/2021 | 13,920,000 | |
14,500,000 | JEA, FL Electric System, (Series Three 2008B-2: Senior Revenue Bonds) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.060%, 2/3/2021 | 14,500,000 | |
16,505,000 | Los Angeles County Fair Association, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/3/2021 | 16,505,000 | |
78,550,000 | Los Angeles, CA Community Redevelopment Agency (DWF V Hollywood & Vine, LP), Tender Option Bond Trust Floater Certificates (2020-MIZ9038) Weekly VRDNs, (GTD by FHLMC)/(Mizuho Bank Ltd. LIQ), 0.150%, 2/4/2021 | 78,550,000 | |
9,000,000 | Michael Dennis Sullivan Irrevocable Trust, (Wells Fargo Bank, N.A. LOC), 0.150%, 2/4/2021 | 9,000,000 | |
20,780,000 | Michigan State Housing Development Authority, (Series C) Weekly VRDNs, (Bank of America N.A. LOC), 0.070%, 2/3/2021 | 20,780,000 | |
9,780,000 | Mike P. Sturdivant, Sr. Family Trust, Series 2016, (Wells Fargo Bank, N.A. LOC), 0.150%, 2/4/2021 | 9,780,000 | |
34,000,000 | Nuveen Floating Rate Income Fund, (Series A), (Sumitomo Mitsui Banking Corp. LOC), 0.270%, 2/4/2021 | 34,000,000 | |
4,385,000 | Public Building Corp. Springfield, MO, Jordan Valley Ice Park, Series 2003, (U.S. Bank, N.A. LOC), 0.220%, 2/4/2021 | 4,385,000 | |
45,000,000 | Royal Bank of Canada, 0.290% (Secured Overnight Financing Rate +0.250%), 2/1/2021 | 45,000,000 | |
100,000,000 | Royal Bank of Canada, 0.590% (Secured Overnight Financing Rate +0.550%), 2/1/2021 | 100,000,000 | |
175,000,000 | Royal Bank of Canada, New York Branch, 0.240% (Secured Overnight Financing Rate +0.200%), 2/1/2021 | 175,050,442 | |
125,000,000 | Royal Bank of Canada, New York Branch, 0.240% (Secured Overnight Financing Rate +0.200%), 2/1/2021 | 125,037,767 | |
25,000,000 | Royal Bank of Canada, New York Branch, 0.280% (Effective Fed Funds +0.210%), 2/1/2021 | 25,006,381 | |
18,965,000 | Salem Green, LLP, Salem Green Apartments Project, Series 2010, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/4/2021 | 18,965,000 | |
15,000,000 | SSAB AB (publ), Series 2014-B, (Credit Agricole Corporate and Investment Bank LOC), 0.150%, 2/4/2021 | 15,000,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 20,000,000 | SSAB AB (publ), Series 2015-B, (Nordea Bank Abp LOC), 0.150%, 2/4/2021 | $20,000,000 | |
690,000 | St. Andrew United Methodist Church, Series 2004, (Wells Fargo Bank, N.A. LOC), 0.500%, 2/4/2021 | 690,000 | |
205,000,000 | Toronto Dominion Bank, 0.390% (Effective Fed Funds +0.320%), 2/1/2021 | 205,000,000 | |
25,000,000 | Toronto Dominion Bank, 0.513% (3-month USLIBOR +0.300%), 4/27/2021 | 25,018,658 | |
68,300,000 | Triborough Bridge & Tunnel Authority, NY, (Taxable Series E) Weekly VRDNs, (Bank of America N.A. LOC), 0.100%, 2/4/2021 | 68,300,000 | |
4,300,000 | Village Green Finance Co. LLC, (Series 1997), (Wells Fargo Bank, N.A. LOC), 0.120%, 2/3/2021 | 4,300,000 | |
6,485,000 | Yeshivas Novominsk, Series 2008, (TD Bank, N.A. LOC), 0.170%, 2/4/2021 | 6,485,000 | |
TOTAL | 1,473,828,248 | ||
Finance - Securities— 0.8% | |||
100,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Royal Bank of Canada COL)/(Societe Generale, Paris COL), 0.222% (1-month USLIBOR +0.100%), 7/30/2021 | 100,000,000 | |
42,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Royal Bank of Canada COL)/(Societe Generale, Paris COL), 0.253% (1-month USLIBOR +0.120%), 2/9/2021 | 42,000,000 | |
40,000,000 | Glencove Funding LLC, (JPMorgan Chase Bank, N.A. COL), 0.272% (3-month USLIBOR +0.050%), 4/22/2021 | 40,000,000 | |
TOTAL | 182,000,000 | ||
Government Agency— 1.2% | |||
2,285,000 | 1320 W Jefferson LLC, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 2,285,000 | |
10,450,000 | Archer 1 LLC, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 10,450,000 | |
9,015,000 | Austen Children’s Gift Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 9,015,000 | |
6,830,000 | Baker Life Insurance Trust, (FHLB of Des Moines LOC), 0.150%, 2/4/2021 | 6,830,000 | |
8,350,000 | BWF Forge TL Properties Owner LLC, (FHLB of Des Moines LOC)/(FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 8,350,000 | |
5,705,000 | Catania Family Trust, (FHLB of Dallas LOC), 0.150%, 2/3/2021 | 5,705,000 | |
5,445,000 | Design Center LLC, (FHLB of Pittsburgh LOC), 0.150%, 2/4/2021 | 5,445,000 | |
27,100,000 | Fiddyment Ranch Apartments LP, Series 2017-A Fiddyment Ranch Apartments, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 27,100,000 | |
27,100,000 | Fiddyment Ranch Apartments LP, Series 2017-B Fiddyment Ranch Apartments, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 27,100,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ �� 5,640,000 | Herman & Kittle Capital, LLC, Canterbury House Apartments- Lebanon Project Series 2005, (FHLB of Cincinnati LOC), 0.150%, 2/4/2021 | $5,640,000 | |
32,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-A, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 32,000,000 | |
16,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-B, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 16,000,000 | |
4,270,000 | Jim Brooks Irrevocable Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 4,270,000 | |
11,570,000 | Joseph L. Goggins Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.150%, 2/4/2021 | 11,570,000 | |
3,655,000 | Karyn Brooks Descendants Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 3,655,000 | |
6,380,000 | MHF DKF Insurance Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 6,380,000 | |
17,030,000 | Mohr Green Associates L.P., 2012-A, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 17,030,000 | |
19,640,000 | OSL Santa Rosa Fountaingrove LLC, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 19,640,000 | |
805,000 | Park Stanton Place LP, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 805,000 | |
5,010,000 | R.J. Brooks Jr. Irrevocable Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 5,010,000 | |
6,980,000 | RK Trust, (FHLB of Dallas LOC), 0.150%, 2/3/2021 | 6,980,000 | |
6,255,000 | Sibley Family Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.150%, 2/4/2021 | 6,255,000 | |
6,610,000 | The CLC Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.150%, 2/3/2021 | 6,610,000 | |
5,120,000 | The Eugene Kim Irrevocable Life Insurance Trust, (FHLB of Dallas LOC), 0.150%, 2/3/2021 | 5,120,000 | |
22,830,000 | The Gregory P. Berry Trust, (FHLB of Des Moines LOC), 0.150%, 2/3/2021 | 22,830,000 | |
5,740,000 | The Leopold Family Insurance Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 5,740,000 | |
5,975,000 | The Thompson 2018 Family Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 5,975,000 | |
TOTAL | 283,790,000 | ||
TOTAL NOTES - VARIABLE (IDENTIFIED COST $1,939,505,000) | 1,939,618,248 | ||
U.S. TREASURY— 5.1% | |||
3 | U.S. Treasury Bills— 5.1% | ||
29,000,000 | United States Treasury Bills, 0.120%, 2/25/2021 | 28,997,680 | |
250,000,000 | United States Treasury Bills, 0.115%, 3/4/2021 | 249,974,974 | |
375,000,000 | United States Treasury Bills, 0.087%, 4/27/2021 | 374,951,303 |
Principal Amount | Value | ||
U.S. TREASURY— continued | |||
3 | U.S. Treasury Bills— continued | ||
$ 380,000,000 | United States Treasury Bills, 0.085%, 5/6/2021 | $379,930,247 | |
160,000,000 | United States Treasury Bills, 0.100%, 7/1/2021 | 159,946,667 | |
TOTAL U.S. TREASURY (IDENTIFIED COST $1,193,744,174) | 1,193,800,871 | ||
ASSET-BACKED SECURITIES— 0.1% | |||
Finance - Automotive— 0.1% | |||
14,622,689 | Enterprise Fleet Financing LLC 2020-2, Class A1, 0.239%, 10/20/2021 | 14,623,005 | |
11,996,845 | Westlake Automobile Receivables Trust 2020-3, Class A1, 0.206%, 10/15/2021 | 11,996,728 | |
11,511,291 | Wheels SPV 2, LLC 2020-1, Class A1, 0.244%, 9/20/2021 | 11,512,054 | |
TOTAL ASSET-BACKED SECURITIES (IDENTIFIED COST $38,130,825) | 38,131,787 | ||
MUNICIPAL BOND— 0.1% | |||
Municipal— 0.1% | |||
21,500,000 | New York State Dormitory Authority State Personal Income Tax Revenue, (Series B), 5.000%, 3/31/2021 (IDENTIFIED COST $21,651,864) | 21,675,861 | |
OTHER REPURCHASE AGREEMENTS— 16.2% | |||
Finance - Banking— 16.2% | |||
80,000,000 | BMO Capital Markets Corp., 0.20%, dated 1/29/2021, interest in a $175,000,000 collateralized loan agreement will repurchase securities provided as collateral for $175,002,917 on 2/1/2021, in which corporate bonds and medium-term notes with a market value of $178,503,862 have been received as collateral and held with BNY Mellon as tri-party agent. | 80,000,000 | |
75,000,000 | BMO Capital Markets Corp., 0.28%, dated 12/8/2020, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,211,167 on 7/7/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $153,063,301 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
125,000,000 | BMO Capital Markets Corp., 0.17%, dated 1/29/2021, interest in a $175,000,000 collateralized loan agreement will repurchase securities provided as collateral for $175,002,479 on 2/1/2021, in which asset-backed securities, corporate bonds and medium-term notes with a market value of $178,503,708 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
50,000,000 | BNP Paribas SA, 0.27%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,002,250 on 2/1/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $102,002,295 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 50,000,000 | BNP Paribas SA, 0.48%, dated 12/10/2020, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,160,000 on 2/8/2021, in which asset-backed securities, corporate bonds and medium-term notes with a market value of $204,163,201 have been received as collateral and held with BNY Mellon as tri-party agent. | $50,000,000 | |
61,000,000 | BNP Paribas SA, 0.31%, dated 1/29/2021, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,003,875 on 2/1/2021, in which asset-backed securities with a market value of $153,003,952 have been received as collateral and held with BNY Mellon as tri-party agent. | 61,000,000 | |
75,000,000 | BNP Paribas SA, 0.20%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,001,667 on 2/1/2021, in which asset-backed securities, corporate bonds, medium-term notes and sovereign debt with a market value of $102,001,701 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
100,000,000 | BofA Securities, Inc., 0.70%, dated 9/4/2020, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,175,000 on 5/5/2021, in which convertible bonds with a market value of $102,055,449 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
250,000,000 | BofA Securities, Inc., 0.70%, dated 9/9/2020, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,437,500 on 5/5/2021, in which American depositary receipts, convertible bonds, corporate bonds, exchange traded funds and medium-term notes with a market value of $255,139,375 have been received as collateral and held with BNY Mellon as tri-party agent. | 250,000,000 | |
250,000,000 | Citigroup Global Markets, Inc., 0.27%, dated 1/29/2021, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,005,625 on 2/1/2021, in which common stocks, convertible bonds and exchange traded funds with a market value of $255,005,738 have been received as collateral and held with BNY Mellon as tri-party agent. | 250,000,000 | |
33,400,000 | Citigroup Global Markets, Inc., 0.57%, dated 1/29/2021, interest in a $35,000,000 collateralized loan agreement will repurchase securities provided as collateral for $35,001,663 on 2/1/2021, in which certificate of deposit, corporate bonds and medium-term notes with a market value of $35,917,879 have been received as collateral and held with BNY Mellon as tri-party agent. | 33,400,000 | |
25,000,000 | Citigroup Global Markets, Inc., 0.59%, dated 11/17/2020, interest in a $85,000,000 collateralized loan agreement will repurchase securities provided as collateral for $85,254,929 on 5/19/2021, in which sovereign debt with a market value of $86,955,352 have been received as collateral and held with BNY Mellon as tri-party agent. | 25,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 95,000,000 | Citigroup Global Markets, Inc., 0.64%, dated 11/17/2020, interest in a $165,000,000 collateralized loan agreement will repurchase securities provided as collateral for $165,536,800 on 5/19/2021, in which asset-backed securities, collateralized mortgage obligations and corporate bonds with a market value of $168,389,426 have been received as collateral and held with BNY Mellon as tri-party agent. | $95,000,000 | |
75,000,000 | Credit Agricole S.A., 0.18%, dated 1/28/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,006,000 on 2/4/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes, sovereign debt, treasury bills and treasury notes with a market value of $204,003,060 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
225,000,000 | Credit Agricole S.A., 0.19%, dated 1/25/2021, interest in a $600,000,000 collateralized loan agreement will repurchase securities provided as collateral for $600,019,000 on 2/1/2021, in which corporate bonds, medium-term notes, municipal bonds, sovereign debt and treasury bonds with a market value of $612,019,380 have been received as collateral and held with BNY Mellon as tri-party agent. | 225,000,000 | |
110,000,000 | Credit Agricole S.A., 0.19%, dated 1/26/2021, interest in a $225,000,000 collateralized loan agreement will repurchase securities provided as collateral for $225,007,125 on 2/2/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign debt with a market value of $229,506,694 have been received as collateral and held with BNY Mellon as tri-party agent. | 110,000,000 | |
100,000,000 | Credit Agricole S.A., 0.20%, dated 1/28/2021, interest in a $125,000,000 collateralized loan agreement will repurchase securities provided as collateral for $125,004,167 on 2/4/2021, in which asset-backed securities, corporate bonds, medium-term notes and sovereign debt with a market value of $127,502,125 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
110,000,000 | Credit Agricole S.A., 0.21%, dated 1/26/2021, interest in a $225,000,000 collateralized loan agreement will repurchase securities provided as collateral for $225,007,875 on 2/2/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $229,506,056 have been received as collateral and held with BNY Mellon as tri-party agent. | 110,000,000 | |
75,000,000 | Credit Agricole S.A., 0.27%, dated 1/26/2021, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,006,750 on 2/2/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $153,005,738 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 130,000,000 | J.P. Morgan Securities LLC, 0.27%, dated 1/26/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,010,500 on 2/2/2021, in which corporate bonds and medium-term notes with a market value of $204,000,001 have been received as collateral and held with BNY Mellon as tri-party agent. | $130,000,000 | |
85,000,000 | J.P. Morgan Securities LLC, 0.07%, dated 1/12/2021, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,011,667 on 2/5/2021, in which corporate bonds and medium-term notes with a market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 85,000,000 | |
10,000,000 | Mizuho Securities USA, Inc., 0.43%, dated 1/29/2021, interest in a $75,000,000 collateralized loan agreement will repurchase securities provided as collateral for $75,002,688 on 2/1/2021, in which treasury notes with a market value of $76,502,776 have been received as collateral and held with BNY Mellon as tri-party agent. | 10,000,000 | |
100,000,000 | Mizuho Securities USA, Inc., 0.27%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,002,250 on 2/1/2021, in which common stocks with a market value of $102,002,297 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
450,000,000 | MUFG Securities Americas, Inc., 0.22%, dated 1/29/2021, interest in a $700,000,000 collateralized loan agreement will repurchase securities provided as collateral for $700,012,833 on 2/1/2021, in which American depositary receipts, common stocks, convertible bonds, exchange traded funds and unit investment trust with a market value of $714,013,090 have been received as collateral and held with BNY Mellon as tri-party agent. | 450,000,000 | |
150,000,000 | Pershing LLC., 0.33%, dated 10/30/2020, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,019,250 on 2/11/2021, in which asset-backed securities, collateralized mortgage obligations, common stocks, convertible bonds, corporate bonds, exchange traded funds, medium-term notes and municipal bonds with a market value of $306,008,160 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
200,000,000 | Societe Generale, Paris, 0.17%, dated 1/29/2021, interest in a $500,000,000 collateralized loan agreement will repurchase securities provided as collateral for $500,007,083 on 2/1/2021, in which asset-backed securities, corporate bonds, medium-term notes and sovereign debt with a market value of $510,031,382 have been received as collateral and held with BNY Mellon as tri-party agent. | 200,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 306,000,000 | Societe Generale, Paris, 0.27%, dated 1/29/2021, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,014,625 on 2/1/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign debt with a market value of $663,014,918 have been received as collateral and held with BNY Mellon as tri-party agent. | $306,000,000 | |
50,000,000 | Standard Chartered Bank, 0.14%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,001,167 on 2/1/2021, in which treasury bonds and treasury notes with a market value of $102,002,434 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 0.64%, dated 5/20/2020, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,240,000 on 5/3/2021, in which convertible bonds with a market value of $153,068,341 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
100,000,000 | Wells Fargo Securities LLC, 0.66%, dated 6/8/2020, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,165,000 on 4/27/2021, in which convertible bonds with a market value of $102,009,351 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
120,000,000 | Wells Fargo Securities LLC, 0.68%, dated 6/1/2020, interest in a $120,000,000 collateralized loan agreement will repurchase securities provided as collateral for $120,204,000 on 4/14/2021, in which convertible bonds with a market value of $122,441,616 have been received as collateral and held with BNY Mellon as tri-party agent. | 120,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS (IDENTIFIED COST $3,815,400,000) | 3,815,400,000 | ||
REPURCHASE AGREEMENTS— 4.7% | |||
Finance - Banking— 4.7% | |||
750,000,000 | Citigroup Global Markets, Inc., 0.06%, dated 1/29/2021, interest in a $750,000,000 collateralized loan agreement will repurchase securities provided as collateral for $750,003,750 on 2/1/2021, in which Sovereign with a market value of $765,003,827 have been received as collateral and held with BNY Mellon as tri-party agent. | 750,000,000 | |
200,000,000 | Interest in $2,150,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $2,150,010,750 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 7/15/2061 and the market value of those underlying securities was $2,199,316,441. | 200,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 149,741,000 | Interest in $2,000,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $2,000,010,000 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 11/20/2049 and the market value of those underlying securities was $2,040,010,200. | $149,741,000 | |
TOTAL REPURCHASE AGREEMENTS (IDENTIFIED COST $1,099,741,000) | 1,099,741,000 | ||
TOTAL INVESTMENT IN SECURITIES—100.4% (IDENTIFIED COST $23,556,715,008)4 | 23,558,557,247 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.4)%5 | (99,370,119) | ||
TOTAL NET ASSETS—100% | $23,459,187,128 |
1 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
3 | Discount rate at time of purchase. |
4 | Also represents cost for federal tax purposes. |
5 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
FHLB | —Federal Home Loan Bank | |
FHLMC | —Federal Home Loan Mortgage Corporation | |
GTD | —Guaranteed | |
LIBOR | —London Interbank Offered Rate | |
LIQ | —Liquidity Agreement | |
LLP | —Limited Liability Partnership | |
LOC | —Letter of Credit | |
MHF | —Maryland Housing Fund | |
PLC | —Public Limited Company | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.0007 | $1.0004 | $1.0003 | $1.0003 | $1.0000 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0006 | 0.0136 | 0.0239 | 0.0156 | 0.0063 | 0.003 |
Net realized and unrealized gain (loss) | (0.0002) | 0.0003 | 0.0001 | 0.00001 | 0.0011 | 0.001 |
Total From Investment Operations | 0.0004 | 0.0139 | 0.0240 | 0.0156 | 0.0074 | 0.004 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0006) | (0.0136) | (0.0239) | (0.0156) | (0.0063) | (0.003) |
Distributions from net realized gain | — | — | — | — | (0.0008) | (0.001) |
Total Distributions | (0.0006) | (0.0136) | (0.0239) | (0.0156) | (0.0071) | (0.004) |
Net Asset Value, End of Period | $1.0005 | $1.0007 | $1.0004 | $1.0003 | $1.0003 | $1.00 |
Total Return2 | 0.04% | 1.39% | 2.43% | 1.57% | 0.66% | 0.26% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.15%4 | 0.15% | 0.15% | 0.17% | 0.20% | 0.21% |
Net investment income | 0.11%4 | 1.37% | 2.41% | 1.62% | 0.40% | 0.26% |
Expense waiver/ reimbursement5 | 0.13%4 | 1.13% | 0.13% | 0.12% | 0.10% | 0.08% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $23,385,305 | $23,611,390 | $21,146,776 | $10,941,508 | $787,309 | $21,921,916 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $4,915,141,000 |
Investment in securities | 18,643,416,247 |
Investment in securities, at value (identified cost $23,556,715,008) | 23,558,557,247 |
Income receivable | 6,330,819 |
Total Assets | 23,564,888,066 |
Liabilities: | |
Payable for investments purchased | 103,700,000 |
Bank overdraft | 45,993 |
Income distribution payable | 1,107,403 |
Payable to adviser (Note 5) | 135,674 |
Payable for administrative fee (Note 5) | 150,588 |
Accrued expenses (Note 5) | 561,280 |
Total Liabilities | 105,700,938 |
Net assets for 23,447,859,602 shares outstanding | $23,459,187,128 |
Net Assets Consist of: | |
Paid-in capital | $23,458,809,848 |
Total distributable earnings (loss) | 377,280 |
Total Net Assets | $23,459,187,128 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$23,385,305,298 ÷ 23,374,016,353 shares outstanding, no par value, unlimited shares authorized | $1.0005 |
Service Shares: | |
$54,623,014 ÷ 54,595,409 shares outstanding, no par value, unlimited shares authorized | $1.0005 |
Capital Shares: | |
$19,258,816 ÷ 19,247,840 shares outstanding, no par value, unlimited shares authorized | $1.0006 |
Investment Income: | |
Interest | $32,545,448 |
Expenses: | |
Investment adviser fee (Note 5) | 24,448,144 |
Administrative fee (Note 5) | 9,530,925 |
Custodian fees | 383,249 |
Transfer agent fees | 107,704 |
Directors’/Trustees’ fees (Note 5) | 53,666 |
Auditing fees | 12,025 |
Legal fees | 5,261 |
Portfolio accounting fees | 140,884 |
Other service fees (Notes 2 and 5) | 81,165 |
Share registration costs | 40,001 |
Printing and postage | 15,329 |
Miscellaneous (Note 5) | 62,161 |
TOTAL EXPENSES | 34,880,514 |
Waivers and Reimbursement: | |
Waiver of investment adviser fee (Note 5) | (15,864,262) |
Waivers/reimbursement of other operating expenses (Notes 2 and 5) | (39,248) |
TOTAL WAIVERS AND REIMBURSEMENT | (15,903,510) |
Net expenses | 18,977,004 |
Net investment income | 13,568,444 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized gain on investments | 105,662 |
Net change in unrealized appreciation of investments | (5,418,157) |
Net realized and unrealized gain (loss) on investments | (5,312,495) |
Change in net assets resulting from operations | $8,255,949 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended 7/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income (loss) | $13,568,444 | $321,390,201 |
Net realized gain (loss) | 105,662 | (1,568,343) |
Net change in unrealized appreciation/depreciation | (5,418,157) | 3,688,255 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 8,255,949 | 323,510,113 |
Distributions to Shareholders: | ||
Institutional Shares | (13,564,152) | (319,807,042) |
Service Shares | (3,223) | (1,400,428) |
Capital Shares | (7,745) | (233,170) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (13,575,120) | (321,440,640) |
Share Transactions: | ||
Proceeds from sale of shares | 24,632,061,916 | 63,468,243,391 |
Net asset value of shares issued to shareholders in payment of distributions declared | 2,433,211 | 53,575,799 |
Cost of shares redeemed | (24,888,723,992) | (61,060,281,709) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (254,228,865) | 2,461,537,481 |
Change in net assets | (259,548,036) | 2,463,606,954 |
Net Assets: | ||
Beginning of period | 23,718,735,164 | 21,255,128,210 |
End of period | $23,459,187,128 | $23,718,735,164 |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $74,572 | $(499) | $(38,749) |
Capital Shares | 6,593 | — | — |
TOTAL | $81,165 | $(499) | $(38,749) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 24,218,618,553 | $24,231,660,792 | 62,747,078,555 | $62,773,370,088 |
Shares issued to shareholders in payment of distributions declared | 2,421,413 | 2,422,716 | 52,072,038 | 52,091,304 |
Shares redeemed | (24,441,851,335) | (24,454,870,050) | (60,342,756,540) | (60,362,871,020) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (220,811,369) | $(220,786,542) | 2,456,394,053 | $2,462,590,372 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 148,242,252 | $148,320,706 | 275,734,832 | $275,819,555 |
Shares issued to shareholders in payment of distributions declared | 2,749 | 2,750 | 1,251,498 | 1,251,881 |
Shares redeemed | (177,412,833) | (177,502,462) | (287,168,204) | (287,257,442) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (29,167,832) | $(29,179,006) | (10,181,874) | $(10,186,006) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 251,926,755 | $252,080,418 | 418,856,851 | $419,053,748 |
Shares issued to shareholders in payment of distributions declared | 7,739 | 7,745 | 232,523 | 232,614 |
Shares redeemed | (256,195,002) | (256,351,480) | (409,949,325) | (410,153,247) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (4,260,508) | $(4,263,317) | 9,140,049 | $9,133,115 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (254,239,709) | $(254,228,865) | 2,455,352,228 | $2,461,537,481 |
Short-Term | Long-Term | Total |
$1,568,343 | $— | $1,568,343 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2020 | Ending Account Value 1/31/2021 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,000.40 | $20.76 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,024.45 | $20.77 |
1 | Expenses are equal to the Fund’s Institutional Shares annualized net expense ratio of 0.15%, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
Share Class | Ticker | Institutional | PVOXX | Service | PVSXX | Capital | PVCXX |
Federated Hermes Institutional Prime Value Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets2 |
Commercial Paper | 46.0% |
Other Repurchase Agreements and Repurchase Agreements | 21.1% |
Bank Instruments | 19.7% |
Variable Rate Instruments | 8.3% |
U.S. Treasury | 5.1% |
Asset-Backed Securities | 0.1% |
Municipal Bonds | 0.1% |
Other Assets and Liabilities—Net3 | (0.4)% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. |
2 | As of the date specified above, the Fund owned shares of one or more affiliated investment companies. For purposes of this table, the affiliated investment company is not treated as a single portfolio security, but rather the Fund is treated as owning a pro rata portion of each security and each other asset and liability owned by the affiliated investment company. Accordingly, the percentages of total net assets shown in the table will differ from those presented on the Portfolio of Investments. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Shares or Principal Amount | Value | ||
INVESTMENT COMPANY— 99.7% | |||
17,153,858,191 | Federated Hermes Institutional Prime Obligations Fund, Institutional Shares, 0.07%1 (IDENTIFIED COST $17,163,644,548) | $17,162,435,120 | |
OTHER REPURCHASE AGREEMENTS— 0.3% | |||
Finance - Banking— 0.3% | |||
$ 50,000,000 | BMO Capital Markets Corp., 0.17%, dated 1/29/2021, interest in a $175,000,000 collateralized loan agreement will repurchase securities provided as collateral for $175,002,479 on 2/1/2021, in which asset-backed securities corporate bonds and medium-term notes with a market value of $178,503,708 have been received as collateral and held with BNY Mellon as tri-party agent. (IDENTIFIED COST $50,000,000) | 50,000,000 | |
TOTAL INVESTMENT IN SECURITIES—100.0% (IDENTIFIED COST 17,213,644,548)2 | 17,212,435,120 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.0)%3 | (4,053,194) | ||
TOTAL NET ASSETS—100% | $17,208,381,926 |
Federated Hermes Institutional Prime Obligations Fund, Institutional Shares | |
Value as of 7/31/2020 | $17,506,103,892 |
Purchases at Cost | $8,087,254,399 |
Proceeds from Sales | $(8,427,324,600) |
Change in Unrealized Appreciation/Depreciation | $(5,712,901) |
Net Realized Gain/(Loss) | $2,114,330 |
Value as of 1/31/2021 | $17,162,435,120 |
Shares Held as of 1/31/2021 | 17,153,858,191 |
Dividend Income | $9,903,444 |
1 | 7-day net yield. |
2 | Also represents cost of investments for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Valuation Inputs | ||||
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Total | |
Investment Companies | $17,162,435,120 | $— | $— | $17,162,435,120 |
Repurchase Agreement | — | 50,000,000 | — | 50,000,000 |
TOTAL SECURITIES | $17,162,435,120 | $50,000,000 | $— | $17,212,435,120 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.0006 | $1.0003 | $1.0002 | $1.0002 | $1.0000 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0006 | 0.0136 | 0.0239 | 0.0156 | 0.0075 | 0.003 |
Net realized and unrealized gain (loss) | (0.0003) | 0.0003 | 0.0001 | (0.0000)1 | 0.0002 | 0.0002 |
Total From Investment Operations | 0.0003 | 0.0139 | 0.0240 | 0.0156 | 0.0077 | 0.003 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0006) | (0.0136) | (0.0239) | (0.0156) | (0.0075) | (0.003) |
Distributions from net realized gain | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.000)2 |
Total Distributions | (0.0006) | (0.0136) | (0.0239) | (0.0156) | (0.0075) | (0.003) |
Net Asset Value, End of Period | $1.0003 | $1.0006 | $1.0003 | $1.0002 | $1.0002 | $1.00 |
Total Return3 | 0.03% | 1.39% | 2.43% | 1.57% | 0.78% | 0.31% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | —%5 | 0.00%6 | —% | 0.00%6 | 0.20% | 0.21% |
Net investment income | 0.11%5 | 1.36% | 2.41% | 1.59% | 0.77% | 0.31% |
Expense waiver/ reimbursement7 | 0.29%5 | 0.29% | 0.29% | 0.29% | 0.09% | 0.09% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $16,172,681 | $15,937,441 | $13,599,422 | $6,992,551 | $4,454,446 | $4,639,018 |
1 | Represents less than $0.0001. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | Represents less than 0.01%. |
7 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.0006 | $1.0003 | $1.0002 | $1.0002 | $1.0000 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.0111 | 0.0214 | 0.0131 | 0.0050 | 0.001 |
Net realized and unrealized gain (loss) | (0.0003) | 0.0003 | 0.0001 | (0.0000)1 | 0.0002 | 0.0002 |
Total From Investment Operations | (0.0002) | 0.0114 | 0.0215 | 0.0131 | 0.0052 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0001) | (0.0111) | (0.0214) | (0.0131) | (0.0050) | (0.001) |
Distributions from net realized gain | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.000)2 |
Total Distributions | (0.0001) | (0.0111) | (0.0214) | (0.0131) | (0.0050) | (0.001) |
Net Asset Value, End of Period | $1.0003 | $1.0006 | $1.0003 | $1.0002 | $1.0002 | $1.00 |
Total Return3 | (0.02)% | 1.14% | 2.18% | 1.31% | 0.53% | 0.10% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.11%5 | 0.25% | 0.25% | 0.25% | 0.45% | 0.41% |
Net investment income | 0.01%5 | 1.04% | 2.20% | 1.26% | 0.34% | 0.09% |
Expense waiver/reimbursement6 | 0.43%5 | 0.29% | 0.29% | 0.29% | 0.09% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,011,204 | $1,687,886 | $1,055,438 | $186,643 | $129,412 | $1,229,801 |
1 | Represents less than $0.0001. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.0006 | $1.0003 | $1.0002 | $1.0002 | $1.0000 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0002 | 0.0126 | 0.0230 | 0.0146 | 0.0064 | 0.002 |
Net realized and unrealized gain (loss) | (0.0003) | 0.0003 | (0.0000)1 | (0.0000)1 | 0.0003 | 0.0002 |
Total From Investment Operations | (0.0001) | 0.0129 | 0.0230 | 0.0146 | 0.0067 | 0.002 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0002) | (0.0126) | (0.0229) | (0.0146) | (0.0065) | (0.002) |
Distributions from net realized gain | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.000)2 |
Total Distributions | (0.0002) | (0.0126) | (0.0229) | (0.0146) | (0.0065) | (0.002) |
Net Asset Value, End of Period | $1.0003 | $1.0006 | $1.0003 | $1.0002 | $1.0002 | $1.00 |
Total Return3 | (0.01)% | 1.29% | 2.33% | 1.47% | 0.68% | 0.21% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.08%5 | 0.10% | 0.10% | 0.10% | 0.30% | 0.31% |
Net investment income | 0.03%5 | 1.24% | 2.31% | 1.40% | 0.34% | 0.21% |
Expense waiver/reimbursement6 | 0.31%5 | 0.29% | 0.29% | 0.29% | 0.10% | 0.09% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $24,496 | $19,074 | $16,566 | $12,185 | $20,587 | $627,753 |
1 | Represents less than $0.0001. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Assets: | |
Investment in securities, at value including $17,162,435,120 of investments in an affiliated holding* (identified cost $17,213,644,548) | $17,212,435,120 |
Cash | 935,072 |
Income receivable | 708 |
Income receivable from an affiliated holding* | 1,029,324 |
Receivable for shares sold | 16,186,638 |
Total Assets | 17,230,586,862 |
Liabilities: | |
Payable for shares redeemed | 20,943,014 |
Income distribution payable | 644,429 |
Payable to adviser (Note 5) | 42,013 |
Payable for administrative fee (Note 5) | 110,492 |
Payable for other service fees (Notes 2 and 5) | 57,029 |
Accrued expenses (Note 5) | 407,959 |
Total Liabilities | 22,204,936 |
Net assets for 17,202,612,463 shares outstanding | $17,208,381,926 |
Net Assets Consist of: | |
Paid-in capital | $17,208,956,083 |
Total distributable earnings (loss) | (574,157) |
Total Net Assets | $17,208,381,926 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$16,172,681,492 ÷ 16,167,254,260 shares outstanding, no par value, unlimited shares authorized | $1.0003 |
Service Shares: | |
$1,011,204,308 ÷ 1,010,869,971 shares outstanding, no par value, unlimited shares authorized | $1.0003 |
Capital Shares: | |
$24,496,126 ÷ 24,488,232 shares outstanding, no par value, unlimited shares authorized | $1.0003 |
* | See information listed after the Fund’s Portfolio of Investments. |
Investment Income: | |
Dividends received from an affiliated holding* | $9,903,444 |
Interest | 64,957 |
TOTAL INCOME | 9,968,401 |
Expenses: | |
Investment adviser fee (Note 5) | 17,917,679 |
Administrative fee (Note 5) | 6,984,890 |
Custodian fees | 249,257 |
Transfer agent fees | 90,509 |
Directors’/Trustees’ fees (Note 5) | 38,768 |
Auditing fees | 12,026 |
Legal fees | 5,261 |
Portfolio accounting fees | 110,552 |
Other service fees (Notes 2 and 5) | 1,654,714 |
Share registration costs | 168,563 |
Printing and postage | 38,422 |
Miscellaneous (Note 5) | 58,048 |
TOTAL EXPENSES | 27,328,689 |
Waivers and Reimbursements: | |
Waiver/reimbursement of investment adviser fee (Note 5) | (17,917,679) |
Waivers/reimbursements of other operating expenses (Notes 2 and 5) | (8,692,929) |
TOTAL WAIVERS AND REIMBURSEMENTS | (26,610,608) |
Net expenses | 718,081 |
Net investment income | 9,250,320 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized gain on investments in an affiliated holding* | 2,114,330 |
Net change in unrealized appreciation of investments in an affiliated holding* | (5,712,901) |
Net realized and unrealized gain (loss) on investments | (3,598,571) |
Change in net assets resulting from operations | $5,651,749 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended 7/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income (loss) | $9,250,320 | $218,126,639 |
Net realized gain (loss) | 2,114,330 | (127,117) |
Net change in unrealized appreciation/depreciation | (5,712,901) | 2,599,630 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 5,651,749 | 220,599,152 |
Distributions to Shareholders: | ||
Institutional Shares | (10,404,847) | (200,644,148) |
Service Shares | (151,793) | (17,315,051) |
Capital Shares | (4,953) | (265,606) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (10,561,593) | (218,224,805) |
Share Transactions: | ||
Proceeds from sale of shares | 27,744,562,277 | 60,672,429,597 |
Net asset value of shares issued to shareholders in payment of distributions declared | 3,308,903 | 80,647,515 |
Cost of shares redeemed | (28,178,980,478) | (57,782,476,083) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (431,109,298) | 2,970,601,029 |
Change in net assets | (436,019,142) | 2,972,975,376 |
Net Assets: | ||
Beginning of period | 17,644,401,068 | 14,671,425,692 |
End of period | $17,208,381,926 | $17,644,401,068 |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $1,642,779 | $(515) | $(933,871) |
Capital Shares | 11,935 | — | (2,257) |
TOTAL | $1,654,714 | $(515) | $(936,128) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 27,280,535,195 | $27,291,653,682 | 56,448,762,017 | $56,465,904,443 |
Shares issued to shareholders in payment of distributions declared | 3,152,687 | 3,153,950 | 63,133,165 | 63,148,887 |
Shares redeemed | (27,044,162,112) | (27,055,050,789) | (54,179,307,394) | (54,193,037,585) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | 239,525,770 | $239,756,843 | 2,332,587,788 | $2,336,015,745 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 439,971,717 | $440,165,315 | 4,188,939,910 | $4,189,946,990 |
Shares issued to shareholders in payment of distributions declared | 150,910 | 150,963 | 17,229,215 | 17,233,068 |
Shares redeemed | (1,116,123,464) | (1,116,610,701) | (3,574,412,272) | (3,575,099,581) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (676,000,837) | $(676,294,423) | 631,756,853 | $632,080,477 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 12,738,367 | $12,743,280 | 16,573,453 | $16,578,164 |
Shares issued to shareholders in payment of distributions declared | 3,989 | 3,990 | 265,498 | 265,560 |
Shares redeemed | (7,316,450) | (7,318,988) | (14,337,106) | (14,338,917) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | 5,425,906 | $5,428,282 | 2,501,845 | $2,504,807 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (431,049,161) | $(431,109,298) | 2,966,846,486 | $2,970,601,029 |
Short-Term | Long-Term | Total |
$— | $127,117 | $127,117 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2020 | Ending Account Value 1/31/2021 | Expenses Paid During Period1 | |
Actual: | |||
Institutional Shares | $1,000 | $1,000.30 | $2— |
Service Shares | $1,000 | $999.80 | $30.55 |
Capital Shares | $1,000 | $999.90 | $40.40 |
Hypothetical (assuming a 5% return before expenses): | |||
Institutional Shares | $1,000 | $1,025.21 | $2— |
Service Shares | $1,000 | $1,024.65 | $30.56 |
Capital Shares | $1,000 | $1,024.80 | $40.41 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Institutional Shares | 0.00% |
Service Shares | 0.11% |
Capital Shares | 0.08% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Service Shares current Fee Limit of 0.45% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.27 and $2.30, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Capital Shares current Fee Limit of 0.30% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.51 and $1.53, respectively. |
Security Type | Percentage of Total Net Assets |
Commercial Paper | 46.1% |
Other Repurchase Agreements and Repurchase Agreements | 20.9% |
Bank Instruments | 19.8% |
Variable Instruments | 8.3% |
U.S. Treasuries | 5.1% |
Asset-Backed Securities | 0.1% |
Municipal Bond | 0.1% |
Other Assets and Liabilities—Net2 | (0.4)% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days2 | 41.9% |
8-30 Days | 13.9% |
31-90 Days | 25.6% |
91-180 Days | 14.8% |
181 Days or more | 4.2% |
Other Assets and Liabilities—Net3 | (0.4)% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Overnight securities comprised 35.1% of the Fund’s portfolio. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— 46.1% | ||
Aerospace/Auto— 2.2% | |||
$ 150,000,000 | Toyota Credit Canada, Inc., (Toyota Motor Corp. SA), 0.210% - 0.250%, 3/18/2021 - 5/20/2021 | $149,923,975 | |
50,000,000 | Toyota Credit De Puerto Rico Corp., (Toyota Motor Corp. SA), 0.240%, 5/5/2021 | 49,980,800 | |
315,000,000 | Toyota Motor Credit Corp., (Toyota Motor Corp. SA), 0.230% - 0.240%, 4/28/2021 - 5/5/2021 | 314,885,758 | |
TOTAL | 514,790,533 | ||
Finance - Banking— 16.3% | |||
100,000,000 | Alpine Securitization LLC, (Credit Suisse AG LIQ), 0.210%, 7/7/2021 | 100,000,000 | |
180,000,000 | ASB Finance Ltd., (GTD by ASB Bank Ltd.), 0.190% - 0.250%, 2/25/2021 - 7/7/2021 | 179,926,047 | |
161,200,000 | Australia & New Zealand Banking Group, Melbourne, 0.145% - 0.250%, 4/27/2021 - 7/22/2021 | 161,112,693 | |
75,000,000 | Bank of Montreal, 0.250%, 3/23/2021 | 74,973,959 | |
205,700,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.210% - 0.240%, 4/19/2021 - 6/1/2021 | 205,597,126 | |
100,000,000 | BofA Securities, Inc., 0.190%, 2/4/2021 | 100,000,000 | |
695,000,000 | BPCE SA, 0.190% - 0.200%, 2/1/2021 - 4/5/2021 | 694,904,410 | |
135,000,000 | DNB Bank ASA, 0.190%, 7/12/2021 | 134,904,675 | |
99,000,000 | Manhattan Asset Funding Company LLC, (Sumitomo Mitsui Banking Corp. LIQ), 0.170%, 3/5/2021 | 98,985,040 | |
50,000,000 | National Australia Bank Ltd., Melbourne, 0.240%, 6/7/2021 | 49,981,546 | |
605,000,000 | Nationwide Building Society, 0.145% - 0.190%, 2/8/2021 - 3/12/2021 | 604,942,406 | |
710,000,000 | NRW.Bank, 0.180% - 0.215%, 2/8/2021 - 4/8/2021 | 709,880,129 | |
155,000,000 | Societe Generale, Paris, 0.210%, 2/5/2021 | 154,996,384 | |
207,950,000 | Svenska Handelsbanken, Stockholm, 0.200% - 0.210%, 4/8/2021 - 7/7/2021 | 207,845,415 | |
350,000,000 | Toronto Dominion Bank, 0.220%, 2/19/2021 - 3/31/2021 | 349,943,834 | |
TOTAL | 3,827,993,664 | ||
Finance - Commercial— 4.4% | |||
295,000,000 | Bennington Stark Capital Co., LLC, (Societe Generale, Paris LIQ), 0.170% - 0.200%, 3/5/2021 - 3/12/2021 | 294,947,469 | |
38,000,000 | CAFCO, LLC, 0.170% - 0.200%, 4/23/2021 - 7/6/2021 | 37,975,520 | |
50,000,000 | CHARTA, LLC, 0.220%, 4/12/2021 | 49,983,169 | |
35,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/13/2021 | 35,000,000 | |
120,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/13/2021 | 120,007,616 |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Finance - Commercial— continued | |||
$ 150,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/6/2021 | $150,009,735 | |
80,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 7/6/2021 | 80,000,000 | |
100,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 4/28/2021 | 100,000,000 | |
25,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.200%, 7/13/2021 | 25,000,000 | |
40,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/19/2021 | 40,002,390 | |
50,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 4/26/2021 | 50,000,000 | |
50,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 5/3/2021 | 50,000,000 | |
TOTAL | 1,032,925,899 | ||
Finance - Retail— 5.5% | |||
553,000,000 | Chariot Funding LLC, 0.190% - 0.210%, 2/8/2021 - 7/7/2021 | 552,826,649 | |
70,000,000 | Fairway Finance Co. LLC, 0.240%, 6/1/2021 | 69,951,927 | |
295,000,000 | Old Line Funding, LLC, 0.190% - 0.250%, 2/9/2021 - 6/21/2021 | 294,920,743 | |
50,000,000 | Old Line Funding, LLC, 0.250%, 6/14/2021 | 49,963,167 | |
265,000,000 | Sheffield Receivables Company LLC, 0.200% - 0.230%, 2/16/2021 - 3/24/2021 | 264,953,506 | |
50,000,000 | Thunder Bay Funding, LLC, 0.210%, 4/22/2021 | 49,985,590 | |
10,000,000 | Thunder Bay Funding, LLC, 0.230%, 7/16/2021 | 9,989,920 | |
TOTAL | 1,292,591,502 | ||
Finance - Securities— 7.4% | |||
365,000,000 | Anglesea Funding LLC, 0.230% - 0.270%, 2/8/2021 - 7/1/2021 | 364,835,174 | |
115,000,000 | Chesham Finance LLC Series III, (Societe Generale, Paris COL), 0.110%, 2/3/2021 | 114,999,297 | |
249,150,000 | Collateralized Commercial Paper FLEX Co., LLC, 0.230% - 0.301%, 2/3/2021 - 7/20/2021 | 249,070,521 | |
655,000,000 | Collateralized Commercial Paper V Co. LLC, 0.210% - 0.260%, 2/3/2021 - 8/27/2021 | 654,627,196 | |
100,000,000 | Longship Funding LLC, 0.200% - 0.210%, 2/2/2021 - 2/24/2021 | 99,993,320 | |
245,000,000 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 0.100%, 2/2/2021 | 244,999,319 | |
TOTAL | 1,728,524,827 | ||
Insurance— 1.2% | |||
20,000,000 | PRICOA Short Term Funding, LLC, 0.451%, 2/5/2021 | 19,999,000 | |
260,000,000 | UnitedHealth Group, Inc., 0.180% - 0.220%, 2/10/2021 - 3/31/2021 | 259,957,967 | |
TOTAL | 279,956,967 | ||
Sovereign— 9.1% | |||
635,000,000 | BNG Bank N.V., 0.140% - 0.190%, 4/1/2021 - 5/10/2021 | 634,791,972 |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Sovereign— continued | |||
$ 548,873,000 | Caisse des Depots et Consignations (CDC), 0.145% - 0.210%, 3/10/2021 - 4/27/2021 | $548,728,300 | |
200,000,000 | Erste Abwicklungsanstalt, 0.180%, 4/6/2021 - 4/9/2021 | 199,949,572 | |
704,000,000 | FMS Wertmanagement AoR, 0.200% - 0.225%, 2/19/2021 - 4/22/2021 | 703,841,935 | |
50,000,000 | Nederlandse Waterschapsbank NV, 0.190%, 7/7/2021 | 49,969,084 | |
TOTAL | 2,137,280,863 | ||
TOTAL COMMERCIAL PAPER (IDENTIFIED COST $10,813,542,145) | 10,814,064,255 | ||
CERTIFICATES OF DEPOSIT— 10.5% | |||
Finance - Banking— 10.5% | |||
100,000,000 | Bank of America N.A., 0.190%, 2/4/2021 | 100,000,000 | |
530,000,000 | Bank of Montreal, 0.200% - 0.250%, 2/5/2021 - 3/22/2021 | 530,000,000 | |
100,000,000 | Bank of Montreal, 1.450%, 2/26/2021 | 100,104,492 | |
115,000,000 | Bank of Nova Scotia, Toronto, 0.250% - 0.290%, 10/7/2021 - 12/10/2021 | 115,031,612 | |
850,000,000 | Canadian Imperial Bank of Commerce, 0.260% - 0.600%, 5/4/2021 - 1/4/2022 | 850,626,380 | |
150,000,000 | Mizuho Bank Ltd., 0.150%, 4/29/2021 | 150,000,000 | |
75,000,000 | MUFG Bank Ltd., 0.190%, 4/22/2021 | 75,004,664 | |
540,000,000 | Toronto Dominion Bank, 0.220% - 0.600%, 3/1/2021 - 10/4/2021 | 540,358,077 | |
TOTAL CERTIFICATES OF DEPOSIT (IDENTIFIED COST $2,460,000,000) | 2,461,125,225 | ||
TIME DEPOSITS— 9.3% | |||
Finance - Banking— 9.3% | |||
1,175,000,000 | ABN Amro Bank NV, 0.100% - 0.110%, 2/1/2021 - 2/5/2021 | 1,175,000,000 | |
1,000,000,000 | Cooperatieve Rabobank UA, 0.070%, 2/1/2021 | 1,000,000,000 | |
TOTAL TIME DEPOSITS (IDENTIFIED COST $2,175,000,000) | 2,175,000,000 | ||
2 | NOTES - VARIABLE— 8.3% | ||
Finance - Banking— 6.3% | |||
123,000,000 | Bank of Montreal, 0.314% (3-month USLIBOR +0.100%), 2/12/2021 | 123,000,000 | |
65,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.270% (Effective Fed Funds +0.200%), 2/1/2021 | 65,000,000 | |
100,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.280% (Effective Fed Funds +0.200%), 2/1/2021 | 100,000,000 | |
28,500,000 | Calhoun County, TX Navigation District Environmental Facilities (Formosa Plastic Corp.), (Series 2006) Weekly VRDNs, (Bank of America N.A. LOC), 0.060%, 2/4/2021 | 28,500,000 | |
50,000,000 | Canadian Imperial Bank of Commerce, 0.280% (Effective Fed Funds +0.210%), 2/1/2021 | 50,000,000 | |
4,860,000 | Centra State Medical Arts Building LLC, (TD Bank, N.A. LOC), 0.180%, 2/4/2021 | 4,860,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 32,900,000 | Clark County, NV Airport System, Subordinate Lien Revenue Bonds (Series 2008 C-2) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 0.060%, 2/3/2021 | $32,900,000 | |
16,700,000 | Greene County Development Authority, Reynolds Lodge, LLC Series 2000B, (U.S. Bank, N.A. LOC), 0.110%, 2/3/2021 | 16,700,000 | |
3,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project 2013A, (Bank of America N.A. LOC), 0.150%, 2/4/2021 | 3,000,000 | |
7,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project, (Bank of America N.A. LOC), 0.150%, 2/4/2021 | 7,000,000 | |
7,595,000 | Gulf Gate Apartments LLC, Series 2003, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/4/2021 | 7,595,000 | |
13,920,000 | Hamilton Station Park and Ride, Series 2005, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/4/2021 | 13,920,000 | |
14,500,000 | JEA, FL Electric System, (Series Three 2008B-2: Senior Revenue Bonds) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.060%, 2/3/2021 | 14,500,000 | |
16,505,000 | Los Angeles County Fair Association, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/3/2021 | 16,505,000 | |
78,550,000 | Los Angeles, CA Community Redevelopment Agency (DWF V Hollywood & Vine, LP), Tender Option Bond Trust Floater Certificates (2020-MIZ9038) Weekly VRDNs, (GTD by FHLMC)/(Mizuho Bank Ltd. LIQ), 0.150%, 2/4/2021 | 78,550,000 | |
9,000,000 | Michael Dennis Sullivan Irrevocable Trust, (Wells Fargo Bank, N.A. LOC), 0.150%, 2/4/2021 | 9,000,000 | |
20,780,000 | Michigan State Housing Development Authority, (Series C) Weekly VRDNs, (Bank of America N.A. LOC), 0.070%, 2/3/2021 | 20,780,000 | |
9,780,000 | Mike P. Sturdivant, Sr. Family Trust, Series 2016, (Wells Fargo Bank, N.A. LOC), 0.150%, 2/4/2021 | 9,780,000 | |
34,000,000 | Nuveen Floating Rate Income Fund, (Series A), (Sumitomo Mitsui Banking Corp. LOC), 0.270%, 2/4/2021 | 34,000,000 | |
4,385,000 | Public Building Corp. Springfield, MO, Jordan Valley Ice Park, Series 2003, (U.S. Bank, N.A. LOC), 0.220%, 2/4/2021 | 4,385,000 | |
45,000,000 | Royal Bank of Canada, 0.290% (Secured Overnight Financing Rate +0.250%), 2/1/2021 | 45,000,000 | |
100,000,000 | Royal Bank of Canada, 0.590% (Secured Overnight Financing Rate +0.550%), 2/1/2021 | 100,000,000 | |
175,000,000 | Royal Bank of Canada, New York Branch, 0.240% (Secured Overnight Financing Rate +0.200%), 2/1/2021 | 175,050,442 | |
125,000,000 | Royal Bank of Canada, New York Branch, 0.240% (Secured Overnight Financing Rate +0.200%), 2/1/2021 | 125,037,767 | |
25,000,000 | Royal Bank of Canada, New York Branch, 0.280% (Effective Fed Funds +0.210%), 2/1/2021 | 25,006,381 | |
18,965,000 | Salem Green, LLP, Salem Green Apartments Project, Series 2010, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/4/2021 | 18,965,000 | |
15,000,000 | SSAB AB (publ), Series 2014-B, (Credit Agricole Corporate and Investment Bank LOC), 0.150%, 2/4/2021 | 15,000,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 20,000,000 | SSAB AB (publ), Series 2015-B, (Nordea Bank Abp LOC), 0.150%, 2/4/2021 | $20,000,000 | |
690,000 | St. Andrew United Methodist Church, Series 2004, (Wells Fargo Bank, N.A. LOC), 0.500%, 2/4/2021 | 690,000 | |
205,000,000 | Toronto Dominion Bank, 0.390% (Effective Fed Funds +0.320%), 2/1/2021 | 205,000,000 | |
25,000,000 | Toronto Dominion Bank, 0.513% (3-month USLIBOR +0.300%), 4/27/2021 | 25,018,658 | |
68,300,000 | Triborough Bridge & Tunnel Authority, NY, (Taxable Series E) Weekly VRDNs, (Bank of America N.A. LOC), 0.100%, 2/4/2021 | 68,300,000 | |
4,300,000 | Village Green Finance Co. LLC, (Series 1997), (Wells Fargo Bank, N.A. LOC), 0.120%, 2/3/2021 | 4,300,000 | |
6,485,000 | Yeshivas Novominsk, Series 2008, (TD Bank, N.A. LOC), 0.170%, 2/4/2021 | 6,485,000 | |
TOTAL | 1,473,828,248 | ||
Finance - Securities— 0.8% | |||
100,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Royal Bank of Canada COL)/(Societe Generale, Paris COL), 0.222% (1-month USLIBOR +0.100%), 7/30/2021 | 100,000,000 | |
42,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Royal Bank of Canada COL)/(Societe Generale, Paris COL), 0.253% (1-month USLIBOR +0.120%), 2/9/2021 | 42,000,000 | |
40,000,000 | Glencove Funding LLC, (JPMorgan Chase Bank, N.A. COL), 0.272% (3-month USLIBOR +0.050%), 4/22/2021 | 40,000,000 | |
TOTAL | 182,000,000 | ||
Government Agency— 1.2% | |||
2,285,000 | 1320 W Jefferson LLC, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 2,285,000 �� | |
10,450,000 | Archer 1 LLC, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 10,450,000 | |
9,015,000 | Austen Children’s Gift Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 9,015,000 | |
6,830,000 | Baker Life Insurance Trust, (FHLB of Des Moines LOC), 0.150%, 2/4/2021 | 6,830,000 | |
8,350,000 | BWF Forge TL Properties Owner LLC, (FHLB of Des Moines LOC)/(FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 8,350,000 | |
5,705,000 | Catania Family Trust, (FHLB of Dallas LOC), 0.150%, 2/3/2021 | 5,705,000 | |
5,445,000 | Design Center LLC, (FHLB of Pittsburgh LOC), 0.150%, 2/4/2021 | 5,445,000 | |
27,100,000 | Fiddyment Ranch Apartments LP, Series 2017-A Fiddyment Ranch Apartments, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 27,100,000 | |
27,100,000 | Fiddyment Ranch Apartments LP, Series 2017-B Fiddyment Ranch Apartments, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 27,100,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 5,640,000 | Herman & Kittle Capital, LLC, Canterbury House Apartments- Lebanon Project Series 2005, (FHLB of Cincinnati LOC), 0.150%, 2/4/2021 | $5,640,000 | |
32,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-A, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 32,000,000 | |
16,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-B, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 16,000,000 | |
4,270,000 | Jim Brooks Irrevocable Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 4,270,000 | |
11,570,000 | Joseph L. Goggins Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.150%, 2/4/2021 | 11,570,000 | |
3,655,000 | Karyn Brooks Descendants Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 3,655,000 | |
6,380,000 | MHF DKF Insurance Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 6,380,000 | |
17,030,000 | Mohr Green Associates L.P., 2012-A, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 17,030,000 | |
19,640,000 | OSL Santa Rosa Fountaingrove LLC, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 19,640,000 | |
805,000 | Park Stanton Place LP, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 805,000 | |
5,010,000 | R.J. Brooks Jr. Irrevocable Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 5,010,000 | |
6,980,000 | RK Trust, (FHLB of Dallas LOC), 0.150%, 2/3/2021 | 6,980,000 | |
6,255,000 | Sibley Family Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.150%, 2/4/2021 | 6,255,000 | |
6,610,000 | The CLC Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.150%, 2/3/2021 | 6,610,000 | |
5,120,000 | The Eugene Kim Irrevocable Life Insurance Trust, (FHLB of Dallas LOC), 0.150%, 2/3/2021 | 5,120,000 | |
22,830,000 | The Gregory P. Berry Trust, (FHLB of Des Moines LOC), 0.150%, 2/3/2021 | 22,830,000 | |
5,740,000 | The Leopold Family Insurance Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 5,740,000 | |
5,975,000 | The Thompson 2018 Family Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 5,975,000 | |
TOTAL | 283,790,000 | ||
TOTAL NOTES - VARIABLE (IDENTIFIED COST $1,939,505,000) | 1,939,618,248 | ||
U.S. TREASURY— 5.1% | |||
3 | U.S. Treasury Bills— 5.1% | ||
29,000,000 | United States Treasury Bills, 0.120%, 2/25/2021 | 28,997,680 | |
250,000,000 | United States Treasury Bills, 0.115%, 3/4/2021 | 249,974,974 | |
375,000,000 | United States Treasury Bills, 0.087%, 4/27/2021 | 374,951,303 |
Principal Amount | Value | ||
U.S. TREASURY— continued | |||
3 | U.S. Treasury Bills— continued | ||
$ 380,000,000 | United States Treasury Bills, 0.085%, 5/6/2021 | $379,930,247 | |
160,000,000 | United States Treasury Bills, 0.100%, 7/1/2021 | 159,946,667 | |
TOTAL U.S. TREASURY (IDENTIFIED COST $1,193,744,174) | 1,193,800,871 | ||
ASSET-BACKED SECURITIES— 0.1% | |||
Finance - Automotive— 0.1% | |||
14,622,689 | Enterprise Fleet Financing LLC 2020-2, Class A1, 0.239%, 10/20/2021 | 14,623,005 | |
11,996,845 | Westlake Automobile Receivables Trust 2020-3, Class A1, 0.206%, 10/15/2021 | 11,996,728 | |
11,511,291 | Wheels SPV 2, LLC 2020-1, Class A1, 0.244%, 9/20/2021 | 11,512,054 | |
TOTAL ASSET-BACKED SECURITIES (IDENTIFIED COST $38,130,825) | 38,131,787 | ||
MUNICIPAL BOND— 0.1% | |||
Municipal— 0.1% | |||
21,500,000 | New York State Dormitory Authority State Personal Income Tax Revenue, (Series B), 5.000%, 3/31/2021 (IDENTIFIED COST $21,651,864) | 21,675,861 | |
OTHER REPURCHASE AGREEMENTS— 16.2% | |||
Finance - Banking— 16.2% | |||
80,000,000 | BMO Capital Markets Corp., 0.20%, dated 1/29/2021, interest in a $175,000,000 collateralized loan agreement will repurchase securities provided as collateral for $175,002,917 on 2/1/2021, in which corporate bonds and medium-term notes with a market value of $178,503,862 have been received as collateral and held with BNY Mellon as tri-party agent. | 80,000,000 | |
75,000,000 | BMO Capital Markets Corp., 0.28%, dated 12/8/2020, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,211,167 on 7/7/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $153,063,301 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
125,000,000 | BMO Capital Markets Corp., 0.17%, dated 1/29/2021, interest in a $175,000,000 collateralized loan agreement will repurchase securities provided as collateral for $175,002,479 on 2/1/2021, in which asset-backed securities, corporate bonds and medium-term notes with a market value of $178,503,708 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
50,000,000 | BNP Paribas SA, 0.27%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,002,250 on 2/1/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $102,002,295 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 50,000,000 | BNP Paribas SA, 0.48%, dated 12/10/2020, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,160,000 on 2/8/2021, in which asset-backed securities, corporate bonds and medium-term notes with a market value of $204,163,201 have been received as collateral and held with BNY Mellon as tri-party agent. | $50,000,000 | |
61,000,000 | BNP Paribas SA, 0.31%, dated 1/29/2021, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,003,875 on 2/1/2021, in which asset-backed securities with a market value of $153,003,952 have been received as collateral and held with BNY Mellon as tri-party agent. | 61,000,000 | |
75,000,000 | BNP Paribas SA, 0.20%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,001,667 on 2/1/2021, in which asset-backed securities, corporate bonds, medium-term notes and sovereign debt with a market value of $102,001,701 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
100,000,000 | BofA Securities, Inc., 0.70%, dated 9/4/2020, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,175,000 on 5/5/2021, in which convertible bonds with a market value of $102,055,449 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
250,000,000 | BofA Securities, Inc., 0.70%, dated 9/9/2020, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,437,500 on 5/5/2021, in which American depositary receipts, convertible bonds, corporate bonds, exchange traded funds and medium-term notes with a market value of $255,139,375 have been received as collateral and held with BNY Mellon as tri-party agent. | 250,000,000 | |
250,000,000 | Citigroup Global Markets, Inc., 0.27%, dated 1/29/2021, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,005,625 on 2/1/2021, in which common stocks, convertible bonds and exchange traded funds with a market value of $255,005,738 have been received as collateral and held with BNY Mellon as tri-party agent. | 250,000,000 | |
33,400,000 | Citigroup Global Markets, Inc., 0.57%, dated 1/29/2021, interest in a $35,000,000 collateralized loan agreement will repurchase securities provided as collateral for $35,001,663 on 2/1/2021, in which certificate of deposit, corporate bonds and medium-term notes with a market value of $35,917,879 have been received as collateral and held with BNY Mellon as tri-party agent. | 33,400,000 | |
25,000,000 | Citigroup Global Markets, Inc., 0.59%, dated 11/17/2020, interest in a $85,000,000 collateralized loan agreement will repurchase securities provided as collateral for $85,254,929 on 5/19/2021, in which sovereign debt with a market value of $86,955,352 have been received as collateral and held with BNY Mellon as tri-party agent. | 25,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 95,000,000 | Citigroup Global Markets, Inc., 0.64%, dated 11/17/2020, interest in a $165,000,000 collateralized loan agreement will repurchase securities provided as collateral for $165,536,800 on 5/19/2021, in which asset-backed securities, collateralized mortgage obligations and corporate bonds with a market value of $168,389,426 have been received as collateral and held with BNY Mellon as tri-party agent. | $95,000,000 | |
75,000,000 | Credit Agricole S.A., 0.18%, dated 1/28/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,006,000 on 2/4/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes, sovereign debt, treasury bills and treasury notes with a market value of $204,003,060 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
225,000,000 | Credit Agricole S.A., 0.19%, dated 1/25/2021, interest in a $600,000,000 collateralized loan agreement will repurchase securities provided as collateral for $600,019,000 on 2/1/2021, in which corporate bonds, medium-term notes, municipal bonds, sovereign debt and treasury bonds with a market value of $612,019,380 have been received as collateral and held with BNY Mellon as tri-party agent. | 225,000,000 | |
110,000,000 | Credit Agricole S.A., 0.19%, dated 1/26/2021, interest in a $225,000,000 collateralized loan agreement will repurchase securities provided as collateral for $225,007,125 on 2/2/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign debt with a market value of $229,506,694 have been received as collateral and held with BNY Mellon as tri-party agent. | 110,000,000 | |
100,000,000 | Credit Agricole S.A., 0.20%, dated 1/28/2021, interest in a $125,000,000 collateralized loan agreement will repurchase securities provided as collateral for $125,004,167 on 2/4/2021, in which asset-backed securities, corporate bonds, medium-term notes and sovereign debt with a market value of $127,502,125 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
110,000,000 | Credit Agricole S.A., 0.21%, dated 1/26/2021, interest in a $225,000,000 collateralized loan agreement will repurchase securities provided as collateral for $225,007,875 on 2/2/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $229,506,056 have been received as collateral and held with BNY Mellon as tri-party agent. | 110,000,000 | |
75,000,000 | Credit Agricole S.A., 0.27%, dated 1/26/2021, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,006,750 on 2/2/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $153,005,738 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 130,000,000 | J.P. Morgan Securities LLC, 0.27%, dated 1/26/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,010,500 on 2/2/2021, in which corporate bonds and medium-term notes with a market value of $204,000,001 have been received as collateral and held with BNY Mellon as tri-party agent. | $130,000,000 | |
85,000,000 | J.P. Morgan Securities LLC, 0.07%, dated 1/12/2021, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,011,667 on 2/5/2021, in which corporate bonds and medium-term notes with a market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 85,000,000 | |
10,000,000 | Mizuho Securities USA, Inc., 0.43%, dated 1/29/2021, interest in a $75,000,000 collateralized loan agreement will repurchase securities provided as collateral for $75,002,688 on 2/1/2021, in which treasury notes with a market value of $76,502,776 have been received as collateral and held with BNY Mellon as tri-party agent. | 10,000,000 | |
100,000,000 | Mizuho Securities USA, Inc., 0.27%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,002,250 on 2/1/2021, in which common stocks with a market value of $102,002,297 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
450,000,000 | MUFG Securities Americas, Inc., 0.22%, dated 1/29/2021, interest in a $700,000,000 collateralized loan agreement will repurchase securities provided as collateral for $700,012,833 on 2/1/2021, in which American depositary receipts, common stocks, convertible bonds, exchange traded funds and unit investment trust with a market value of $714,013,090 have been received as collateral and held with BNY Mellon as tri-party agent. | 450,000,000 | |
150,000,000 | Pershing LLC., 0.33%, dated 10/30/2020, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,019,250 on 2/11/2021, in which asset-backed securities, collateralized mortgage obligations, common stocks, convertible bonds, corporate bonds, exchange traded funds, medium-term notes and municipal bonds with a market value of $306,008,160 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
200,000,000 | Societe Generale, Paris, 0.17%, dated 1/29/2021, interest in a $500,000,000 collateralized loan agreement will repurchase securities provided as collateral for $500,007,083 on 2/1/2021, in which asset-backed securities, corporate bonds, medium-term notes and sovereign debt with a market value of $510,031,382 have been received as collateral and held with BNY Mellon as tri-party agent. | 200,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 306,000,000 | Societe Generale, Paris, 0.27%, dated 1/29/2021, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,014,625 on 2/1/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign debt with a market value of $663,014,918 have been received as collateral and held with BNY Mellon as tri-party agent. | $306,000,000 | |
50,000,000 | Standard Chartered Bank, 0.14%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,001,167 on 2/1/2021, in which treasury bonds and treasury notes with a market value of $102,002,434 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 0.64%, dated 5/20/2020, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,240,000 on 5/3/2021, in which convertible bonds with a market value of $153,068,341 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
100,000,000 | Wells Fargo Securities LLC, 0.66%, dated 6/8/2020, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,165,000 on 4/27/2021, in which convertible bonds with a market value of $102,009,351 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
120,000,000 | Wells Fargo Securities LLC, 0.68%, dated 6/1/2020, interest in a $120,000,000 collateralized loan agreement will repurchase securities provided as collateral for $120,204,000 on 4/14/2021, in which convertible bonds with a market value of $122,441,616 have been received as collateral and held with BNY Mellon as tri-party agent. | 120,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS (IDENTIFIED COST $3,815,400,000) | 3,815,400,000 | ||
REPURCHASE AGREEMENTS— 4.7% | |||
Finance - Banking— 4.7% | |||
750,000,000 | Citigroup Global Markets, Inc., 0.06%, dated 1/29/2021, interest in a $750,000,000 collateralized loan agreement will repurchase securities provided as collateral for $750,003,750 on 2/1/2021, in which Sovereign with a market value of $765,003,827 have been received as collateral and held with BNY Mellon as tri-party agent. | 750,000,000 | |
200,000,000 | Interest in $2,150,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $2,150,010,750 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 7/15/2061 and the market value of those underlying securities was $2,199,316,441. | 200,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 149,741,000 | Interest in $2,000,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $2,000,010,000 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 11/20/2049 and the market value of those underlying securities was $2,040,010,200. | $149,741,000 | |
TOTAL REPURCHASE AGREEMENTS (IDENTIFIED COST $1,099,741,000) | 1,099,741,000 | ||
TOTAL INVESTMENT IN SECURITIES—100.4% (IDENTIFIED COST $23,556,715,008)4 | 23,558,557,247 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.4)%5 | (99,370,119) | ||
TOTAL NET ASSETS—100% | $23,459,187,128 |
1 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
3 | Discount rate at time of purchase. |
4 | Also represents cost for federal tax purposes. |
5 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
FHLB | —Federal Home Loan Bank | |
FHLMC | —Federal Home Loan Mortgage Corporation | |
GTD | —Guaranteed | |
LIBOR | —London Interbank Offered Rate | |
LIQ | —Liquidity Agreement | |
LLP | —Limited Liability Partnership | |
LOC | —Letter of Credit | |
MHF | —Maryland Housing Fund | |
PLC | —Public Limited Company | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.0007 | $1.0004 | $1.0003 | $1.0003 | $1.0000 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0006 | 0.0136 | 0.0239 | 0.0156 | 0.0063 | 0.003 |
Net realized and unrealized gain (loss) | (0.0002) | 0.0003 | 0.0001 | 0.00001 | 0.0011 | 0.001 |
Total From Investment Operations | 0.0004 | 0.0139 | 0.0240 | 0.0156 | 0.0074 | 0.004 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0006) | (0.0136) | (0.0239) | (0.0156) | (0.0063) | (0.003) |
Distributions from net realized gain | — | — | — | — | (0.0008) | (0.001) |
Total Distributions | (0.0006) | (0.0136) | (0.0239) | (0.0156) | (0.0071) | (0.004) |
Net Asset Value, End of Period | $1.0005 | $1.0007 | $1.0004 | $1.0003 | $1.0003 | $1.00 |
Total Return2 | 0.04% | 1.39% | 2.43% | 1.57% | 0.66% | 0.26% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.15%4 | 0.15% | 0.15% | 0.17% | 0.20% | 0.21% |
Net investment income | 0.11%4 | 1.37% | 2.41% | 1.62% | 0.40% | 0.26% |
Expense waiver/ reimbursement5 | 0.13%4 | 1.13% | 0.13% | 0.12% | 0.10% | 0.08% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $23,385,305 | $23,611,390 | $21,146,776 | $10,941,508 | $787,309 | $21,921,916 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.0007 | $1.0004 | $1.0002 | $1.0003 | $1.0000 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.0112 | 0.0218 | 0.0134 | 0.0040 | 0.001 |
Net realized and unrealized gain (loss) | (0.0002) | 0.0003 | 0.0002 | 0.00001 | 0.0012 | 0.001 |
Total From Investment Operations | (0.0001) | 0.0115 | 0.0220 | 0.0134 | 0.0052 | 0.002 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0001) | (0.0112) | (0.0218) | (0.0135) | (0.0040) | (0.001) |
Distributions from net realized gain | — | — | — | — | (0.0009) | (0.001) |
Total Distributions | (0.0001) | (0.0112) | (0.0218) | (0.0135) | (0.0049) | (0.002) |
Net Asset Value, End of Period | $1.0005 | $1.0007 | $1.0004 | $1.0002 | $1.0003 | $1.00 |
Total Return2 | (0.01)% | 1.15% | 2.22% | 1.35% | 0.43% | 0.07% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.26%4 | 0.40% | 0.37% | 0.39% | 0.45% | 0.39% |
Net investment income | 0.01%4 | 1.22% | 2.21% | 1.33% | 0.13% | 0.07% |
Expense waiver/reimbursement5 | 0.25%4 | 0.13% | 0.13% | 0.12% | 0.10% | 0.15% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $54,623 | $83,818 | $93,979 | $47,817 | $37,873 | $1,841,641 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.0008 | $1.0004 | $1.0002 | $1.0002 | $1.0000 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0003 | 0.0131 | 0.0234 | 0.0151 | 0.0058 | 0.002 |
Net realized and unrealized gain (loss) | (0.0002) | 0.0004 | 0.0002 | 0.00001 | 0.0010 | 0.001 |
Total From Investment Operations | 0.0001 | 0.0135 | 0.0236 | 0.0151 | 0.0068 | 0.003 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0003) | (0.0131) | (0.0234) | (0.0151) | (0.0058) | (0.002) |
Distributions from net realized gain | — | — | — | — | (0.0008) | (0.001) |
Total Distributions | (0.0003) | (0.0131) | (0.0234) | (0.0151) | (0.0066) | (0.003) |
Net Asset Value, End of Period | $1.0006 | $1.0008 | $1.0004 | $1.0002 | $1.0002 | $1.00 |
Total Return2 | 0.01% | 1.35% | 2.39% | 1.52% | 0.60% | 0.21% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.20%4 | 0.20% | 0.20% | 0.23% | 0.25% | 0.26% |
Net investment income | 0.06%4 | 1.19% | 2.31% | 1.52% | 0.34% | 0.22% |
Expense waiver/reimbursement5 | 0.13%4 | 0.13% | 0.13% | 0.12% | 0.10% | 0.08% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $19,259 | $23,527 | $14,374 | $25,206 | $14,549 | $526,605 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $4,915,141,000 |
Investment in securities | 18,643,416,247 |
Investment in securities, at value (identified cost $23,556,715,008) | 23,558,557,247 |
Income receivable | 6,330,819 |
Total Assets | 23,564,888,066 |
Liabilities: | |
Payable for investments purchased | 103,700,000 |
Bank overdraft | 45,993 |
Income distribution payable | 1,107,403 |
Payable to adviser (Note 5) | 135,674 |
Payable for administrative fee (Note 5) | 150,588 |
Accrued expenses (Note 5) | 561,280 |
Total Liabilities | 105,700,938 |
Net assets for 23,447,859,602 shares outstanding | $23,459,187,128 |
Net Assets Consist of: | |
Paid-in capital | $23,458,809,848 |
Total distributable earnings (loss) | 377,280 |
Total Net Assets | $23,459,187,128 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$23,385,305,298 ÷ 23,374,016,353 shares outstanding, no par value, unlimited shares authorized | $1.0005 |
Service Shares: | |
$54,623,014 ÷ 54,595,409 shares outstanding, no par value, unlimited shares authorized | $1.0005 |
Capital Shares: | |
$19,258,816 ÷ 19,247,840 shares outstanding, no par value, unlimited shares authorized | $1.0006 |
Investment Income: | |
Interest | $32,545,448 |
Expenses: | |
Investment adviser fee (Note 5) | 24,448,144 |
Administrative fee (Note 5) | 9,530,925 |
Custodian fees | 383,249 |
Transfer agent fees | 107,704 |
Directors’/Trustees’ fees (Note 5) | 53,666 |
Auditing fees | 12,025 |
Legal fees | 5,261 |
Portfolio accounting fees | 140,884 |
Other service fees (Notes 2 and 5) | 81,165 |
Share registration costs | 40,001 |
Printing and postage | 15,329 |
Miscellaneous (Note 5) | 62,161 |
TOTAL EXPENSES | 34,880,514 |
Waivers and Reimbursement: | |
Waiver of investment adviser fee (Note 5) | (15,864,262) |
Waivers/reimbursement of other operating expenses (Notes 2 and 5) | (39,248) |
TOTAL WAIVERS AND REIMBURSEMENT | (15,903,510) |
Net expenses | 18,977,004 |
Net investment income | 13,568,444 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized gain on investments | 105,662 |
Net change in unrealized appreciation of investments | (5,418,157) |
Net realized and unrealized gain (loss) on investments | (5,312,495) |
Change in net assets resulting from operations | $8,255,949 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended 7/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income (loss) | $13,568,444 | $321,390,201 |
Net realized gain (loss) | 105,662 | (1,568,343) |
Net change in unrealized appreciation/depreciation | (5,418,157) | 3,688,255 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 8,255,949 | 323,510,113 |
Distributions to Shareholders: | ||
Institutional Shares | (13,564,152) | (319,807,042) |
Service Shares | (3,223) | (1,400,428) |
Capital Shares | (7,745) | (233,170) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (13,575,120) | (321,440,640) |
Share Transactions: | ||
Proceeds from sale of shares | 24,632,061,916 | 63,468,243,391 |
Net asset value of shares issued to shareholders in payment of distributions declared | 2,433,211 | 53,575,799 |
Cost of shares redeemed | (24,888,723,992) | (61,060,281,709) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (254,228,865) | 2,461,537,481 |
Change in net assets | (259,548,036) | 2,463,606,954 |
Net Assets: | ||
Beginning of period | 23,718,735,164 | 21,255,128,210 |
End of period | $23,459,187,128 | $23,718,735,164 |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $74,572 | $(499) | $(38,749) |
Capital Shares | 6,593 | — | — |
TOTAL | $81,165 | $(499) | $(38,749) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 24,218,618,553 | $24,231,660,792 | 62,747,078,555 | $62,773,370,088 |
Shares issued to shareholders in payment of distributions declared | 2,421,413 | 2,422,716 | 52,072,038 | 52,091,304 |
Shares redeemed | (24,441,851,335) | (24,454,870,050) | (60,342,756,540) | (60,362,871,020) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (220,811,369) | $(220,786,542) | 2,456,394,053 | $2,462,590,372 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 148,242,252 | $148,320,706 | 275,734,832 | $275,819,555 |
Shares issued to shareholders in payment of distributions declared | 2,749 | 2,750 | 1,251,498 | 1,251,881 |
Shares redeemed | (177,412,833) | (177,502,462) | (287,168,204) | (287,257,442) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (29,167,832) | $(29,179,006) | (10,181,874) | $(10,186,006) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 251,926,755 | $252,080,418 | 418,856,851 | $419,053,748 |
Shares issued to shareholders in payment of distributions declared | 7,739 | 7,745 | 232,523 | 232,614 |
Shares redeemed | (256,195,002) | (256,351,480) | (409,949,325) | (410,153,247) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (4,260,508) | $(4,263,317) | 9,140,049 | $9,133,115 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (254,239,709) | $(254,228,865) | 2,455,352,228 | $2,461,537,481 |
Short-Term | Long-Term | Total |
$1,568,343 | $— | $1,568,343 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2020 | Ending Account Value 1/31/2021 | Expenses Paid During Period1 | |
Actual: | |||
Institutional Shares | $1,000 | $1,000.40 | $20.76 |
Service Shares | $1,000 | $999.90 | $31.31 |
Capital Shares | $1,000 | $1,000.10 | $41.01 |
Hypothetical (assuming a 5% return before expenses): | |||
Institutional Shares | $1,000 | $1,024.45 | $20.77 |
Service Shares | $1,000 | $1,023.89 | $31.33 |
Capital Shares | $1,000 | $1,024.20 | $41.02 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Institutional Shares | 0.15% |
Service Shares | 0.26% |
Capital Shares | 0.20% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Service Shares current Fee Limit of 0.45% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.27 and $2.30, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Capital Shares current Fee Limit of 0.25% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.26 and $1.28, respectively. |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N575
CUSIP 60934N567
Share Class | Ticker | Institutional | PVOXX |
Federated Hermes Institutional Prime Value Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets2 |
Commercial Paper | 46.0% |
Other Repurchase Agreements and Repurchase Agreements | 21.1% |
Bank Instruments | 19.7% |
Variable Rate Instruments | 8.3% |
U.S. Treasury | 5.1% |
Asset-Backed Securities | 0.1% |
Municipal Bonds | 0.1% |
Other Assets and Liabilities—Net3 | (0.4)% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. |
2 | As of the date specified above, the Fund owned shares of one or more affiliated investment companies. For purposes of this table, the affiliated investment company is not treated as a single portfolio security, but rather the Fund is treated as owning a pro rata portion of each security and each other asset and liability owned by the affiliated investment company. Accordingly, the percentages of total net assets shown in the table will differ from those presented on the Portfolio of Investments. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Shares or Principal Amount | Value | ||
INVESTMENT COMPANY— 99.7% | |||
17,153,858,191 | Federated Hermes Institutional Prime Obligations Fund, Institutional Shares, 0.07%1 (IDENTIFIED COST $17,163,644,548) | $17,162,435,120 | |
OTHER REPURCHASE AGREEMENTS— 0.3% | |||
Finance - Banking— 0.3% | |||
$ 50,000,000 | BMO Capital Markets Corp., 0.17%, dated 1/29/2021, interest in a $175,000,000 collateralized loan agreement will repurchase securities provided as collateral for $175,002,479 on 2/1/2021, in which asset-backed securities corporate bonds and medium-term notes with a market value of $178,503,708 have been received as collateral and held with BNY Mellon as tri-party agent. (IDENTIFIED COST $50,000,000) | 50,000,000 | |
TOTAL INVESTMENT IN SECURITIES—100.0% (IDENTIFIED COST 17,213,644,548)2 | 17,212,435,120 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.0)%3 | (4,053,194) | ||
TOTAL NET ASSETS—100% | $17,208,381,926 |
Federated Hermes Institutional Prime Obligations Fund, Institutional Shares | |
Value as of 7/31/2020 | $17,506,103,892 |
Purchases at Cost | $8,087,254,399 |
Proceeds from Sales | $(8,427,324,600) |
Change in Unrealized Appreciation/Depreciation | $(5,712,901) |
Net Realized Gain/(Loss) | $2,114,330 |
Value as of 1/31/2021 | $17,162,435,120 |
Shares Held as of 1/31/2021 | 17,153,858,191 |
Dividend Income | $9,903,444 |
1 | 7-day net yield. |
2 | Also represents cost of investments for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Valuation Inputs | ||||
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Total | |
Investment Companies | $17,162,435,120 | $— | $— | $17,162,435,120 |
Repurchase Agreement | — | 50,000,000 | — | 50,000,000 |
TOTAL SECURITIES | $17,162,435,120 | $50,000,000 | $— | $17,212,435,120 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.0006 | $1.0003 | $1.0002 | $1.0002 | $1.0000 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0006 | 0.0136 | 0.0239 | 0.0156 | 0.0075 | 0.003 |
Net realized and unrealized gain (loss) | (0.0003) | 0.0003 | 0.0001 | (0.0000)1 | 0.0002 | 0.0002 |
Total From Investment Operations | 0.0003 | 0.0139 | 0.0240 | 0.0156 | 0.0077 | 0.003 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0006) | (0.0136) | (0.0239) | (0.0156) | (0.0075) | (0.003) |
Distributions from net realized gain | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.000)2 |
Total Distributions | (0.0006) | (0.0136) | (0.0239) | (0.0156) | (0.0075) | (0.003) |
Net Asset Value, End of Period | $1.0003 | $1.0006 | $1.0003 | $1.0002 | $1.0002 | $1.00 |
Total Return3 | 0.03% | 1.39% | 2.43% | 1.57% | 0.78% | 0.31% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | —%5 | 0.00%6 | —% | 0.00%6 | 0.20% | 0.21% |
Net investment income | 0.11%5 | 1.36% | 2.41% | 1.59% | 0.77% | 0.31% |
Expense waiver/ reimbursement7 | 0.29%5 | 0.29% | 0.29% | 0.29% | 0.09% | 0.09% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $16,172,681 | $15,937,441 | $13,599,422 | $6,992,551 | $4,454,446 | $4,639,018 |
1 | Represents less than $0.0001. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | Represents less than 0.01%. |
7 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Assets: | |
Investment in securities, at value including $17,162,435,120 of investments in an affiliated holding* (identified cost $17,213,644,548) | $17,212,435,120 |
Cash | 935,072 |
Income receivable | 708 |
Income receivable from an affiliated holding* | 1,029,324 |
Receivable for shares sold | 16,186,638 |
Total Assets | 17,230,586,862 |
Liabilities: | |
Payable for shares redeemed | 20,943,014 |
Income distribution payable | 644,429 |
Payable to adviser (Note 5) | 42,013 |
Payable for administrative fee (Note 5) | 110,492 |
Payable for other service fees (Notes 2 and 5) | 57,029 |
Accrued expenses (Note 5) | 407,959 |
Total Liabilities | 22,204,936 |
Net assets for 17,202,612,463 shares outstanding | $17,208,381,926 |
Net Assets Consist of: | |
Paid-in capital | $17,208,956,083 |
Total distributable earnings (loss) | (574,157) |
Total Net Assets | $17,208,381,926 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$16,172,681,492 ÷ 16,167,254,260 shares outstanding, no par value, unlimited shares authorized | $1.0003 |
Service Shares: | |
$1,011,204,308 ÷ 1,010,869,971 shares outstanding, no par value, unlimited shares authorized | $1.0003 |
Capital Shares: | |
$24,496,126 ÷ 24,488,232 shares outstanding, no par value, unlimited shares authorized | $1.0003 |
* | See information listed after the Fund’s Portfolio of Investments. |
Investment Income: | |
Dividends received from an affiliated holding* | $9,903,444 |
Interest | 64,957 |
TOTAL INCOME | 9,968,401 |
Expenses: | |
Investment adviser fee (Note 5) | 17,917,679 |
Administrative fee (Note 5) | 6,984,890 |
Custodian fees | 249,257 |
Transfer agent fees | 90,509 |
Directors’/Trustees’ fees (Note 5) | 38,768 |
Auditing fees | 12,026 |
Legal fees | 5,261 |
Portfolio accounting fees | 110,552 |
Other service fees (Notes 2 and 5) | 1,654,714 |
Share registration costs | 168,563 |
Printing and postage | 38,422 |
Miscellaneous (Note 5) | 58,048 |
TOTAL EXPENSES | 27,328,689 |
Waivers and Reimbursements: | |
Waiver/reimbursement of investment adviser fee (Note 5) | (17,917,679) |
Waivers/reimbursements of other operating expenses (Notes 2 and 5) | (8,692,929) |
TOTAL WAIVERS AND REIMBURSEMENTS | (26,610,608) |
Net expenses | 718,081 |
Net investment income | 9,250,320 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized gain on investments in an affiliated holding* | 2,114,330 |
Net change in unrealized appreciation of investments in an affiliated holding* | (5,712,901) |
Net realized and unrealized gain (loss) on investments | (3,598,571) |
Change in net assets resulting from operations | $5,651,749 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended 7/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income (loss) | $9,250,320 | $218,126,639 |
Net realized gain (loss) | 2,114,330 | (127,117) |
Net change in unrealized appreciation/depreciation | (5,712,901) | 2,599,630 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 5,651,749 | 220,599,152 |
Distributions to Shareholders: | ||
Institutional Shares | (10,404,847) | (200,644,148) |
Service Shares | (151,793) | (17,315,051) |
Capital Shares | (4,953) | (265,606) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (10,561,593) | (218,224,805) |
Share Transactions: | ||
Proceeds from sale of shares | 27,744,562,277 | 60,672,429,597 |
Net asset value of shares issued to shareholders in payment of distributions declared | 3,308,903 | 80,647,515 |
Cost of shares redeemed | (28,178,980,478) | (57,782,476,083) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (431,109,298) | 2,970,601,029 |
Change in net assets | (436,019,142) | 2,972,975,376 |
Net Assets: | ||
Beginning of period | 17,644,401,068 | 14,671,425,692 |
End of period | $17,208,381,926 | $17,644,401,068 |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $1,642,779 | $(515) | $(933,871) |
Capital Shares | 11,935 | — | (2,257) |
TOTAL | $1,654,714 | $(515) | $(936,128) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 27,280,535,195 | $27,291,653,682 | 56,448,762,017 | $56,465,904,443 |
Shares issued to shareholders in payment of distributions declared | 3,152,687 | 3,153,950 | 63,133,165 | 63,148,887 |
Shares redeemed | (27,044,162,112) | (27,055,050,789) | (54,179,307,394) | (54,193,037,585) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | 239,525,770 | $239,756,843 | 2,332,587,788 | $2,336,015,745 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 439,971,717 | $440,165,315 | 4,188,939,910 | $4,189,946,990 |
Shares issued to shareholders in payment of distributions declared | 150,910 | 150,963 | 17,229,215 | 17,233,068 |
Shares redeemed | (1,116,123,464) | (1,116,610,701) | (3,574,412,272) | (3,575,099,581) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (676,000,837) | $(676,294,423) | 631,756,853 | $632,080,477 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 12,738,367 | $12,743,280 | 16,573,453 | $16,578,164 |
Shares issued to shareholders in payment of distributions declared | 3,989 | 3,990 | 265,498 | 265,560 |
Shares redeemed | (7,316,450) | (7,318,988) | (14,337,106) | (14,338,917) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | 5,425,906 | $5,428,282 | 2,501,845 | $2,504,807 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (431,049,161) | $(431,109,298) | 2,966,846,486 | $2,970,601,029 |
Short-Term | Long-Term | Total |
$— | $127,117 | $127,117 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2020 | Ending Account Value 1/31/2021 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,000.30 | $2— |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,025.21 | $2— |
1 | Expenses are equal to the Fund’s Institutional Shares annualized net expense ratio of 0.00%, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
Security Type | Percentage of Total Net Assets |
Commercial Paper | 46.1% |
Other Repurchase Agreements and Repurchase Agreements | 20.9% |
Bank Instruments | 19.8% |
Variable Instruments | 8.3% |
U.S. Treasuries | 5.1% |
Asset-Backed Securities | 0.1% |
Municipal Bond | 0.1% |
Other Assets and Liabilities—Net2 | (0.4)% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days2 | 41.9% |
8-30 Days | 13.9% |
31-90 Days | 25.6% |
91-180 Days | 14.8% |
181 Days or more | 4.2% |
Other Assets and Liabilities—Net3 | (0.4)% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Overnight securities comprised 35.1% of the Fund’s portfolio. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— 46.1% | ||
Aerospace/Auto— 2.2% | |||
$ 150,000,000 | Toyota Credit Canada, Inc., (Toyota Motor Corp. SA), 0.210% - 0.250%, 3/18/2021 - 5/20/2021 | $149,923,975 | |
50,000,000 | Toyota Credit De Puerto Rico Corp., (Toyota Motor Corp. SA), 0.240%, 5/5/2021 | 49,980,800 | |
315,000,000 | Toyota Motor Credit Corp., (Toyota Motor Corp. SA), 0.230% - 0.240%, 4/28/2021 - 5/5/2021 | 314,885,758 | |
TOTAL | 514,790,533 | ||
Finance - Banking— 16.3% | |||
100,000,000 | Alpine Securitization LLC, (Credit Suisse AG LIQ), 0.210%, 7/7/2021 | 100,000,000 | |
180,000,000 | ASB Finance Ltd., (GTD by ASB Bank Ltd.), 0.190% - 0.250%, 2/25/2021 - 7/7/2021 | 179,926,047 | |
161,200,000 | Australia & New Zealand Banking Group, Melbourne, 0.145% - 0.250%, 4/27/2021 - 7/22/2021 | 161,112,693 | |
75,000,000 | Bank of Montreal, 0.250%, 3/23/2021 | 74,973,959 | |
205,700,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.210% - 0.240%, 4/19/2021 - 6/1/2021 | 205,597,126 | |
100,000,000 | BofA Securities, Inc., 0.190%, 2/4/2021 | 100,000,000 | |
695,000,000 | BPCE SA, 0.190% - 0.200%, 2/1/2021 - 4/5/2021 | 694,904,410 | |
135,000,000 | DNB Bank ASA, 0.190%, 7/12/2021 | 134,904,675 | |
99,000,000 | Manhattan Asset Funding Company LLC, (Sumitomo Mitsui Banking Corp. LIQ), 0.170%, 3/5/2021 | 98,985,040 | |
50,000,000 | National Australia Bank Ltd., Melbourne, 0.240%, 6/7/2021 | 49,981,546 | |
605,000,000 | Nationwide Building Society, 0.145% - 0.190%, 2/8/2021 - 3/12/2021 | 604,942,406 | |
710,000,000 | NRW.Bank, 0.180% - 0.215%, 2/8/2021 - 4/8/2021 | 709,880,129 | |
155,000,000 | Societe Generale, Paris, 0.210%, 2/5/2021 | 154,996,384 | |
207,950,000 | Svenska Handelsbanken, Stockholm, 0.200% - 0.210%, 4/8/2021 - 7/7/2021 | 207,845,415 | |
350,000,000 | Toronto Dominion Bank, 0.220%, 2/19/2021 - 3/31/2021 | 349,943,834 | |
TOTAL | 3,827,993,664 | ||
Finance - Commercial— 4.4% | |||
295,000,000 | Bennington Stark Capital Co., LLC, (Societe Generale, Paris LIQ), 0.170% - 0.200%, 3/5/2021 - 3/12/2021 | 294,947,469 | |
38,000,000 | CAFCO, LLC, 0.170% - 0.200%, 4/23/2021 - 7/6/2021 | 37,975,520 | |
50,000,000 | CHARTA, LLC, 0.220%, 4/12/2021 | 49,983,169 | |
35,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/13/2021 | 35,000,000 | |
120,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/13/2021 | 120,007,616 |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Finance - Commercial— continued | |||
$ 150,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/6/2021 | $150,009,735 | |
80,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 7/6/2021 | 80,000,000 | |
100,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 4/28/2021 | 100,000,000 | |
25,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.200%, 7/13/2021 | 25,000,000 | |
40,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 4/19/2021 | 40,002,390 | |
50,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 4/26/2021 | 50,000,000 | |
50,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.220%, 5/3/2021 | 50,000,000 | |
TOTAL | 1,032,925,899 | ||
Finance - Retail— 5.5% | |||
553,000,000 | Chariot Funding LLC, 0.190% - 0.210%, 2/8/2021 - 7/7/2021 | 552,826,649 | |
70,000,000 | Fairway Finance Co. LLC, 0.240%, 6/1/2021 | 69,951,927 | |
295,000,000 | Old Line Funding, LLC, 0.190% - 0.250%, 2/9/2021 - 6/21/2021 | 294,920,743 | |
50,000,000 | Old Line Funding, LLC, 0.250%, 6/14/2021 | 49,963,167 | |
265,000,000 | Sheffield Receivables Company LLC, 0.200% - 0.230%, 2/16/2021 - 3/24/2021 | 264,953,506 | |
50,000,000 | Thunder Bay Funding, LLC, 0.210%, 4/22/2021 | 49,985,590 | |
10,000,000 | Thunder Bay Funding, LLC, 0.230%, 7/16/2021 | 9,989,920 | |
TOTAL | 1,292,591,502 | ||
Finance - Securities— 7.4% | |||
365,000,000 | Anglesea Funding LLC, 0.230% - 0.270%, 2/8/2021 - 7/1/2021 | 364,835,174 | |
115,000,000 | Chesham Finance LLC Series III, (Societe Generale, Paris COL), 0.110%, 2/3/2021 | 114,999,297 | |
249,150,000 | Collateralized Commercial Paper FLEX Co., LLC, 0.230% - 0.301%, 2/3/2021 - 7/20/2021 | 249,070,521 | |
655,000,000 | Collateralized Commercial Paper V Co. LLC, 0.210% - 0.260%, 2/3/2021 - 8/27/2021 | 654,627,196 | |
100,000,000 | Longship Funding LLC, 0.200% - 0.210%, 2/2/2021 - 2/24/2021 | 99,993,320 | |
245,000,000 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 0.100%, 2/2/2021 | 244,999,319 | |
TOTAL | 1,728,524,827 | ||
Insurance— 1.2% | |||
20,000,000 | PRICOA Short Term Funding, LLC, 0.451%, 2/5/2021 | 19,999,000 | |
260,000,000 | UnitedHealth Group, Inc., 0.180% - 0.220%, 2/10/2021 - 3/31/2021 | 259,957,967 | |
TOTAL | 279,956,967 | ||
Sovereign— 9.1% | |||
635,000,000 | BNG Bank N.V., 0.140% - 0.190%, 4/1/2021 - 5/10/2021 | 634,791,972 |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Sovereign— continued | |||
$ 548,873,000 | Caisse des Depots et Consignations (CDC), 0.145% - 0.210%, 3/10/2021 - 4/27/2021 | $548,728,300 | |
200,000,000 | Erste Abwicklungsanstalt, 0.180%, 4/6/2021 - 4/9/2021 | 199,949,572 | |
704,000,000 | FMS Wertmanagement AoR, 0.200% - 0.225%, 2/19/2021 - 4/22/2021 | 703,841,935 | |
50,000,000 | Nederlandse Waterschapsbank NV, 0.190%, 7/7/2021 | 49,969,084 | |
TOTAL | 2,137,280,863 | ||
TOTAL COMMERCIAL PAPER (IDENTIFIED COST $10,813,542,145) | 10,814,064,255 | ||
CERTIFICATES OF DEPOSIT— 10.5% | |||
Finance - Banking— 10.5% | |||
100,000,000 | Bank of America N.A., 0.190%, 2/4/2021 | 100,000,000 | |
530,000,000 | Bank of Montreal, 0.200% - 0.250%, 2/5/2021 - 3/22/2021 | 530,000,000 | |
100,000,000 | Bank of Montreal, 1.450%, 2/26/2021 | 100,104,492 | |
115,000,000 | Bank of Nova Scotia, Toronto, 0.250% - 0.290%, 10/7/2021 - 12/10/2021 | 115,031,612 | |
850,000,000 | Canadian Imperial Bank of Commerce, 0.260% - 0.600%, 5/4/2021 - 1/4/2022 | 850,626,380 | |
150,000,000 | Mizuho Bank Ltd., 0.150%, 4/29/2021 | 150,000,000 | |
75,000,000 | MUFG Bank Ltd., 0.190%, 4/22/2021 | 75,004,664 | |
540,000,000 | Toronto Dominion Bank, 0.220% - 0.600%, 3/1/2021 - 10/4/2021 | 540,358,077 | |
TOTAL CERTIFICATES OF DEPOSIT (IDENTIFIED COST $2,460,000,000) | 2,461,125,225 | ||
TIME DEPOSITS— 9.3% | |||
Finance - Banking— 9.3% | |||
1,175,000,000 | ABN Amro Bank NV, 0.100% - 0.110%, 2/1/2021 - 2/5/2021 | 1,175,000,000 | |
1,000,000,000 | Cooperatieve Rabobank UA, 0.070%, 2/1/2021 | 1,000,000,000 | |
TOTAL TIME DEPOSITS (IDENTIFIED COST $2,175,000,000) | 2,175,000,000 | ||
2 | NOTES - VARIABLE— 8.3% | ||
Finance - Banking— 6.3% | |||
123,000,000 | Bank of Montreal, 0.314% (3-month USLIBOR +0.100%), 2/12/2021 | 123,000,000 | |
65,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.270% (Effective Fed Funds +0.200%), 2/1/2021 | 65,000,000 | |
100,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.280% (Effective Fed Funds +0.200%), 2/1/2021 | 100,000,000 | |
28,500,000 | Calhoun County, TX Navigation District Environmental Facilities (Formosa Plastic Corp.), (Series 2006) Weekly VRDNs, (Bank of America N.A. LOC), 0.060%, 2/4/2021 | 28,500,000 | |
50,000,000 | Canadian Imperial Bank of Commerce, 0.280% (Effective Fed Funds +0.210%), 2/1/2021 | 50,000,000 | |
4,860,000 | Centra State Medical Arts Building LLC, (TD Bank, N.A. LOC), 0.180%, 2/4/2021 | 4,860,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 32,900,000 | Clark County, NV Airport System, Subordinate Lien Revenue Bonds (Series 2008 C-2) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 0.060%, 2/3/2021 | $32,900,000 | |
16,700,000 | Greene County Development Authority, Reynolds Lodge, LLC Series 2000B, (U.S. Bank, N.A. LOC), 0.110%, 2/3/2021 | 16,700,000 | |
3,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project 2013A, (Bank of America N.A. LOC), 0.150%, 2/4/2021 | 3,000,000 | |
7,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project, (Bank of America N.A. LOC), 0.150%, 2/4/2021 | 7,000,000 | |
7,595,000 | Gulf Gate Apartments LLC, Series 2003, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/4/2021 | 7,595,000 | |
13,920,000 | Hamilton Station Park and Ride, Series 2005, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/4/2021 | 13,920,000 | |
14,500,000 | JEA, FL Electric System, (Series Three 2008B-2: Senior Revenue Bonds) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.060%, 2/3/2021 | 14,500,000 | |
16,505,000 | Los Angeles County Fair Association, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/3/2021 | 16,505,000 | |
78,550,000 | Los Angeles, CA Community Redevelopment Agency (DWF V Hollywood & Vine, LP), Tender Option Bond Trust Floater Certificates (2020-MIZ9038) Weekly VRDNs, (GTD by FHLMC)/(Mizuho Bank Ltd. LIQ), 0.150%, 2/4/2021 | 78,550,000 | |
9,000,000 | Michael Dennis Sullivan Irrevocable Trust, (Wells Fargo Bank, N.A. LOC), 0.150%, 2/4/2021 | 9,000,000 | |
20,780,000 | Michigan State Housing Development Authority, (Series C) Weekly VRDNs, (Bank of America N.A. LOC), 0.070%, 2/3/2021 | 20,780,000 | |
9,780,000 | Mike P. Sturdivant, Sr. Family Trust, Series 2016, (Wells Fargo Bank, N.A. LOC), 0.150%, 2/4/2021 | 9,780,000 | |
34,000,000 | Nuveen Floating Rate Income Fund, (Series A), (Sumitomo Mitsui Banking Corp. LOC), 0.270%, 2/4/2021 | 34,000,000 | |
4,385,000 | Public Building Corp. Springfield, MO, Jordan Valley Ice Park, Series 2003, (U.S. Bank, N.A. LOC), 0.220%, 2/4/2021 | 4,385,000 | |
45,000,000 | Royal Bank of Canada, 0.290% (Secured Overnight Financing Rate +0.250%), 2/1/2021 | 45,000,000 | |
100,000,000 | Royal Bank of Canada, 0.590% (Secured Overnight Financing Rate +0.550%), 2/1/2021 | 100,000,000 | |
175,000,000 | Royal Bank of Canada, New York Branch, 0.240% (Secured Overnight Financing Rate +0.200%), 2/1/2021 | 175,050,442 | |
125,000,000 | Royal Bank of Canada, New York Branch, 0.240% (Secured Overnight Financing Rate +0.200%), 2/1/2021 | 125,037,767 | |
25,000,000 | Royal Bank of Canada, New York Branch, 0.280% (Effective Fed Funds +0.210%), 2/1/2021 | 25,006,381 | |
18,965,000 | Salem Green, LLP, Salem Green Apartments Project, Series 2010, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/4/2021 | 18,965,000 | |
15,000,000 | SSAB AB (publ), Series 2014-B, (Credit Agricole Corporate and Investment Bank LOC), 0.150%, 2/4/2021 | 15,000,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 20,000,000 | SSAB AB (publ), Series 2015-B, (Nordea Bank Abp LOC), 0.150%, 2/4/2021 | $20,000,000 | |
690,000 | St. Andrew United Methodist Church, Series 2004, (Wells Fargo Bank, N.A. LOC), 0.500%, 2/4/2021 | 690,000 | |
205,000,000 | Toronto Dominion Bank, 0.390% (Effective Fed Funds +0.320%), 2/1/2021 | 205,000,000 | |
25,000,000 | Toronto Dominion Bank, 0.513% (3-month USLIBOR +0.300%), 4/27/2021 | 25,018,658 | |
68,300,000 | Triborough Bridge & Tunnel Authority, NY, (Taxable Series E) Weekly VRDNs, (Bank of America N.A. LOC), 0.100%, 2/4/2021 | 68,300,000 | |
4,300,000 | Village Green Finance Co. LLC, (Series 1997), (Wells Fargo Bank, N.A. LOC), 0.120%, 2/3/2021 | 4,300,000 | |
6,485,000 | Yeshivas Novominsk, Series 2008, (TD Bank, N.A. LOC), 0.170%, 2/4/2021 | 6,485,000 | |
TOTAL | 1,473,828,248 | ||
Finance - Securities— 0.8% | |||
100,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Royal Bank of Canada COL)/(Societe Generale, Paris COL), 0.222% (1-month USLIBOR +0.100%), 7/30/2021 | 100,000,000 | |
42,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Royal Bank of Canada COL)/(Societe Generale, Paris COL), 0.253% (1-month USLIBOR +0.120%), 2/9/2021 | 42,000,000 | |
40,000,000 | Glencove Funding LLC, (JPMorgan Chase Bank, N.A. COL), 0.272% (3-month USLIBOR +0.050%), 4/22/2021 | 40,000,000 | |
TOTAL | 182,000,000 | ||
Government Agency— 1.2% | |||
2,285,000 | 1320 W Jefferson LLC, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 2,285,000 | |
10,450,000 | Archer 1 LLC, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 10,450,000 | |
9,015,000 | Austen Children’s Gift Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 9,015,000 | |
6,830,000 | Baker Life Insurance Trust, (FHLB of Des Moines LOC), 0.150%, 2/4/2021 | 6,830,000 | |
8,350,000 | BWF Forge TL Properties Owner LLC, (FHLB of Des Moines LOC)/(FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 8,350,000 | |
5,705,000 | Catania Family Trust, (FHLB of Dallas LOC), 0.150%, 2/3/2021 | 5,705,000 | |
5,445,000 | Design Center LLC, (FHLB of Pittsburgh LOC), 0.150%, 2/4/2021 | 5,445,000 | |
27,100,000 | Fiddyment Ranch Apartments LP, Series 2017-A Fiddyment Ranch Apartments, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 27,100,000 | |
27,100,000 | Fiddyment Ranch Apartments LP, Series 2017-B Fiddyment Ranch Apartments, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 27,100,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 5,640,000 | Herman & Kittle Capital, LLC, Canterbury House Apartments- Lebanon Project Series 2005, (FHLB of Cincinnati LOC), 0.150%, 2/4/2021 | $5,640,000 | |
32,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-A, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 32,000,000 | |
16,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-B, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 16,000,000 | |
4,270,000 | Jim Brooks Irrevocable Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 4,270,000 | |
11,570,000 | Joseph L. Goggins Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.150%, 2/4/2021 | 11,570,000 | |
3,655,000 | Karyn Brooks Descendants Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 3,655,000 | |
6,380,000 | MHF DKF Insurance Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 6,380,000 | |
17,030,000 | Mohr Green Associates L.P., 2012-A, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 17,030,000 | |
19,640,000 | OSL Santa Rosa Fountaingrove LLC, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 19,640,000 | |
805,000 | Park Stanton Place LP, (FHLB of San Francisco LOC), 0.160%, 2/4/2021 | 805,000 | |
5,010,000 | R.J. Brooks Jr. Irrevocable Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 5,010,000 | |
6,980,000 | RK Trust, (FHLB of Dallas LOC), 0.150%, 2/3/2021 | 6,980,000 | |
6,255,000 | Sibley Family Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.150%, 2/4/2021 | 6,255,000 | |
6,610,000 | The CLC Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.150%, 2/3/2021 | 6,610,000 | |
5,120,000 | The Eugene Kim Irrevocable Life Insurance Trust, (FHLB of Dallas LOC), 0.150%, 2/3/2021 | 5,120,000 | |
22,830,000 | The Gregory P. Berry Trust, (FHLB of Des Moines LOC), 0.150%, 2/3/2021 | 22,830,000 | |
5,740,000 | The Leopold Family Insurance Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 5,740,000 | |
5,975,000 | The Thompson 2018 Family Trust, (FHLB of Dallas LOC), 0.150%, 2/4/2021 | 5,975,000 | |
TOTAL | 283,790,000 | ||
TOTAL NOTES - VARIABLE (IDENTIFIED COST $1,939,505,000) | 1,939,618,248 | ||
U.S. TREASURY— 5.1% | |||
3 | U.S. Treasury Bills— 5.1% | ||
29,000,000 | United States Treasury Bills, 0.120%, 2/25/2021 | 28,997,680 | |
250,000,000 | United States Treasury Bills, 0.115%, 3/4/2021 | 249,974,974 | |
375,000,000 | United States Treasury Bills, 0.087%, 4/27/2021 | 374,951,303 |
Principal Amount | Value | ||
U.S. TREASURY— continued | |||
3 | U.S. Treasury Bills— continued | ||
$ 380,000,000 | United States Treasury Bills, 0.085%, 5/6/2021 | $379,930,247 | |
160,000,000 | United States Treasury Bills, 0.100%, 7/1/2021 | 159,946,667 | |
TOTAL U.S. TREASURY (IDENTIFIED COST $1,193,744,174) | 1,193,800,871 | ||
ASSET-BACKED SECURITIES— 0.1% | |||
Finance - Automotive— 0.1% | |||
14,622,689 | Enterprise Fleet Financing LLC 2020-2, Class A1, 0.239%, 10/20/2021 | 14,623,005 | |
11,996,845 | Westlake Automobile Receivables Trust 2020-3, Class A1, 0.206%, 10/15/2021 | 11,996,728 | |
11,511,291 | Wheels SPV 2, LLC 2020-1, Class A1, 0.244%, 9/20/2021 | 11,512,054 | |
TOTAL ASSET-BACKED SECURITIES (IDENTIFIED COST $38,130,825) | 38,131,787 | ||
MUNICIPAL BOND— 0.1% | |||
Municipal— 0.1% | |||
21,500,000 | New York State Dormitory Authority State Personal Income Tax Revenue, (Series B), 5.000%, 3/31/2021 (IDENTIFIED COST $21,651,864) | 21,675,861 | |
OTHER REPURCHASE AGREEMENTS— 16.2% | |||
Finance - Banking— 16.2% | |||
80,000,000 | BMO Capital Markets Corp., 0.20%, dated 1/29/2021, interest in a $175,000,000 collateralized loan agreement will repurchase securities provided as collateral for $175,002,917 on 2/1/2021, in which corporate bonds and medium-term notes with a market value of $178,503,862 have been received as collateral and held with BNY Mellon as tri-party agent. | 80,000,000 | |
75,000,000 | BMO Capital Markets Corp., 0.28%, dated 12/8/2020, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,211,167 on 7/7/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $153,063,301 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
125,000,000 | BMO Capital Markets Corp., 0.17%, dated 1/29/2021, interest in a $175,000,000 collateralized loan agreement will repurchase securities provided as collateral for $175,002,479 on 2/1/2021, in which asset-backed securities, corporate bonds and medium-term notes with a market value of $178,503,708 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
50,000,000 | BNP Paribas SA, 0.27%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,002,250 on 2/1/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $102,002,295 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 50,000,000 | BNP Paribas SA, 0.48%, dated 12/10/2020, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,160,000 on 2/8/2021, in which asset-backed securities, corporate bonds and medium-term notes with a market value of $204,163,201 have been received as collateral and held with BNY Mellon as tri-party agent. | $50,000,000 | |
61,000,000 | BNP Paribas SA, 0.31%, dated 1/29/2021, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,003,875 on 2/1/2021, in which asset-backed securities with a market value of $153,003,952 have been received as collateral and held with BNY Mellon as tri-party agent. | 61,000,000 | |
75,000,000 | BNP Paribas SA, 0.20%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,001,667 on 2/1/2021, in which asset-backed securities, corporate bonds, medium-term notes and sovereign debt with a market value of $102,001,701 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
100,000,000 | BofA Securities, Inc., 0.70%, dated 9/4/2020, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,175,000 on 5/5/2021, in which convertible bonds with a market value of $102,055,449 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
250,000,000 | BofA Securities, Inc., 0.70%, dated 9/9/2020, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,437,500 on 5/5/2021, in which American depositary receipts, convertible bonds, corporate bonds, exchange traded funds and medium-term notes with a market value of $255,139,375 have been received as collateral and held with BNY Mellon as tri-party agent. | 250,000,000 | |
250,000,000 | Citigroup Global Markets, Inc., 0.27%, dated 1/29/2021, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,005,625 on 2/1/2021, in which common stocks, convertible bonds and exchange traded funds with a market value of $255,005,738 have been received as collateral and held with BNY Mellon as tri-party agent. | 250,000,000 | |
33,400,000 | Citigroup Global Markets, Inc., 0.57%, dated 1/29/2021, interest in a $35,000,000 collateralized loan agreement will repurchase securities provided as collateral for $35,001,663 on 2/1/2021, in which certificate of deposit, corporate bonds and medium-term notes with a market value of $35,917,879 have been received as collateral and held with BNY Mellon as tri-party agent. | 33,400,000 | |
25,000,000 | Citigroup Global Markets, Inc., 0.59%, dated 11/17/2020, interest in a $85,000,000 collateralized loan agreement will repurchase securities provided as collateral for $85,254,929 on 5/19/2021, in which sovereign debt with a market value of $86,955,352 have been received as collateral and held with BNY Mellon as tri-party agent. | 25,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 95,000,000 | Citigroup Global Markets, Inc., 0.64%, dated 11/17/2020, interest in a $165,000,000 collateralized loan agreement will repurchase securities provided as collateral for $165,536,800 on 5/19/2021, in which asset-backed securities, collateralized mortgage obligations and corporate bonds with a market value of $168,389,426 have been received as collateral and held with BNY Mellon as tri-party agent. | $95,000,000 | |
75,000,000 | Credit Agricole S.A., 0.18%, dated 1/28/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,006,000 on 2/4/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes, sovereign debt, treasury bills and treasury notes with a market value of $204,003,060 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
225,000,000 | Credit Agricole S.A., 0.19%, dated 1/25/2021, interest in a $600,000,000 collateralized loan agreement will repurchase securities provided as collateral for $600,019,000 on 2/1/2021, in which corporate bonds, medium-term notes, municipal bonds, sovereign debt and treasury bonds with a market value of $612,019,380 have been received as collateral and held with BNY Mellon as tri-party agent. | 225,000,000 | |
110,000,000 | Credit Agricole S.A., 0.19%, dated 1/26/2021, interest in a $225,000,000 collateralized loan agreement will repurchase securities provided as collateral for $225,007,125 on 2/2/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign debt with a market value of $229,506,694 have been received as collateral and held with BNY Mellon as tri-party agent. | 110,000,000 | |
100,000,000 | Credit Agricole S.A., 0.20%, dated 1/28/2021, interest in a $125,000,000 collateralized loan agreement will repurchase securities provided as collateral for $125,004,167 on 2/4/2021, in which asset-backed securities, corporate bonds, medium-term notes and sovereign debt with a market value of $127,502,125 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
110,000,000 | Credit Agricole S.A., 0.21%, dated 1/26/2021, interest in a $225,000,000 collateralized loan agreement will repurchase securities provided as collateral for $225,007,875 on 2/2/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $229,506,056 have been received as collateral and held with BNY Mellon as tri-party agent. | 110,000,000 | |
75,000,000 | Credit Agricole S.A., 0.27%, dated 1/26/2021, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,006,750 on 2/2/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $153,005,738 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 130,000,000 | J.P. Morgan Securities LLC, 0.27%, dated 1/26/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,010,500 on 2/2/2021, in which corporate bonds and medium-term notes with a market value of $204,000,001 have been received as collateral and held with BNY Mellon as tri-party agent. | $130,000,000 | |
85,000,000 | J.P. Morgan Securities LLC, 0.07%, dated 1/12/2021, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,011,667 on 2/5/2021, in which corporate bonds and medium-term notes with a market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 85,000,000 | |
10,000,000 | Mizuho Securities USA, Inc., 0.43%, dated 1/29/2021, interest in a $75,000,000 collateralized loan agreement will repurchase securities provided as collateral for $75,002,688 on 2/1/2021, in which treasury notes with a market value of $76,502,776 have been received as collateral and held with BNY Mellon as tri-party agent. | 10,000,000 | |
100,000,000 | Mizuho Securities USA, Inc., 0.27%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,002,250 on 2/1/2021, in which common stocks with a market value of $102,002,297 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
450,000,000 | MUFG Securities Americas, Inc., 0.22%, dated 1/29/2021, interest in a $700,000,000 collateralized loan agreement will repurchase securities provided as collateral for $700,012,833 on 2/1/2021, in which American depositary receipts, common stocks, convertible bonds, exchange traded funds and unit investment trust with a market value of $714,013,090 have been received as collateral and held with BNY Mellon as tri-party agent. | 450,000,000 | |
150,000,000 | Pershing LLC., 0.33%, dated 10/30/2020, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,019,250 on 2/11/2021, in which asset-backed securities, collateralized mortgage obligations, common stocks, convertible bonds, corporate bonds, exchange traded funds, medium-term notes and municipal bonds with a market value of $306,008,160 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
200,000,000 | Societe Generale, Paris, 0.17%, dated 1/29/2021, interest in a $500,000,000 collateralized loan agreement will repurchase securities provided as collateral for $500,007,083 on 2/1/2021, in which asset-backed securities, corporate bonds, medium-term notes and sovereign debt with a market value of $510,031,382 have been received as collateral and held with BNY Mellon as tri-party agent. | 200,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 306,000,000 | Societe Generale, Paris, 0.27%, dated 1/29/2021, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,014,625 on 2/1/2021, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign debt with a market value of $663,014,918 have been received as collateral and held with BNY Mellon as tri-party agent. | $306,000,000 | |
50,000,000 | Standard Chartered Bank, 0.14%, dated 1/29/2021, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,001,167 on 2/1/2021, in which treasury bonds and treasury notes with a market value of $102,002,434 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 0.64%, dated 5/20/2020, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,240,000 on 5/3/2021, in which convertible bonds with a market value of $153,068,341 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
100,000,000 | Wells Fargo Securities LLC, 0.66%, dated 6/8/2020, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,165,000 on 4/27/2021, in which convertible bonds with a market value of $102,009,351 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
120,000,000 | Wells Fargo Securities LLC, 0.68%, dated 6/1/2020, interest in a $120,000,000 collateralized loan agreement will repurchase securities provided as collateral for $120,204,000 on 4/14/2021, in which convertible bonds with a market value of $122,441,616 have been received as collateral and held with BNY Mellon as tri-party agent. | 120,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS (IDENTIFIED COST $3,815,400,000) | 3,815,400,000 | ||
REPURCHASE AGREEMENTS— 4.7% | |||
Finance - Banking— 4.7% | |||
750,000,000 | Citigroup Global Markets, Inc., 0.06%, dated 1/29/2021, interest in a $750,000,000 collateralized loan agreement will repurchase securities provided as collateral for $750,003,750 on 2/1/2021, in which Sovereign with a market value of $765,003,827 have been received as collateral and held with BNY Mellon as tri-party agent. | 750,000,000 | |
200,000,000 | Interest in $2,150,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $2,150,010,750 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 7/15/2061 and the market value of those underlying securities was $2,199,316,441. | 200,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 149,741,000 | Interest in $2,000,000,000 joint repurchase agreement 0.06%, dated 1/29/2021 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $2,000,010,000 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 11/20/2049 and the market value of those underlying securities was $2,040,010,200. | $149,741,000 | |
TOTAL REPURCHASE AGREEMENTS (IDENTIFIED COST $1,099,741,000) | 1,099,741,000 | ||
TOTAL INVESTMENT IN SECURITIES—100.4% (IDENTIFIED COST $23,556,715,008)4 | 23,558,557,247 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.4)%5 | (99,370,119) | ||
TOTAL NET ASSETS—100% | $23,459,187,128 |
1 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
3 | Discount rate at time of purchase. |
4 | Also represents cost for federal tax purposes. |
5 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
FHLB | —Federal Home Loan Bank | |
FHLMC | —Federal Home Loan Mortgage Corporation | |
GTD | —Guaranteed | |
LIBOR | —London Interbank Offered Rate | |
LIQ | —Liquidity Agreement | |
LLP | —Limited Liability Partnership | |
LOC | —Letter of Credit | |
MHF | —Maryland Housing Fund | |
PLC | —Public Limited Company | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.0007 | $1.0004 | $1.0003 | $1.0003 | $1.0000 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0006 | 0.0136 | 0.0239 | 0.0156 | 0.0063 | 0.003 |
Net realized and unrealized gain (loss) | (0.0002) | 0.0003 | 0.0001 | 0.00001 | 0.0011 | 0.001 |
Total From Investment Operations | 0.0004 | 0.0139 | 0.0240 | 0.0156 | 0.0074 | 0.004 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0006) | (0.0136) | (0.0239) | (0.0156) | (0.0063) | (0.003) |
Distributions from net realized gain | — | — | — | — | (0.0008) | (0.001) |
Total Distributions | (0.0006) | (0.0136) | (0.0239) | (0.0156) | (0.0071) | (0.004) |
Net Asset Value, End of Period | $1.0005 | $1.0007 | $1.0004 | $1.0003 | $1.0003 | $1.00 |
Total Return2 | 0.04% | 1.39% | 2.43% | 1.57% | 0.66% | 0.26% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.15%4 | 0.15% | 0.15% | 0.17% | 0.20% | 0.21% |
Net investment income | 0.11%4 | 1.37% | 2.41% | 1.62% | 0.40% | 0.26% |
Expense waiver/ reimbursement5 | 0.13%4 | 1.13% | 0.13% | 0.12% | 0.10% | 0.08% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $23,385,305 | $23,611,390 | $21,146,776 | $10,941,508 | $787,309 | $21,921,916 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $4,915,141,000 |
Investment in securities | 18,643,416,247 |
Investment in securities, at value (identified cost $23,556,715,008) | 23,558,557,247 |
Income receivable | 6,330,819 |
Total Assets | 23,564,888,066 |
Liabilities: | |
Payable for investments purchased | 103,700,000 |
Bank overdraft | 45,993 |
Income distribution payable | 1,107,403 |
Payable to adviser (Note 5) | 135,674 |
Payable for administrative fee (Note 5) | 150,588 |
Accrued expenses (Note 5) | 561,280 |
Total Liabilities | 105,700,938 |
Net assets for 23,447,859,602 shares outstanding | $23,459,187,128 |
Net Assets Consist of: | |
Paid-in capital | $23,458,809,848 |
Total distributable earnings (loss) | 377,280 |
Total Net Assets | $23,459,187,128 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$23,385,305,298 ÷ 23,374,016,353 shares outstanding, no par value, unlimited shares authorized | $1.0005 |
Service Shares: | |
$54,623,014 ÷ 54,595,409 shares outstanding, no par value, unlimited shares authorized | $1.0005 |
Capital Shares: | |
$19,258,816 ÷ 19,247,840 shares outstanding, no par value, unlimited shares authorized | $1.0006 |
Investment Income: | |
Interest | $32,545,448 |
Expenses: | |
Investment adviser fee (Note 5) | 24,448,144 |
Administrative fee (Note 5) | 9,530,925 |
Custodian fees | 383,249 |
Transfer agent fees | 107,704 |
Directors’/Trustees’ fees (Note 5) | 53,666 |
Auditing fees | 12,025 |
Legal fees | 5,261 |
Portfolio accounting fees | 140,884 |
Other service fees (Notes 2 and 5) | 81,165 |
Share registration costs | 40,001 |
Printing and postage | 15,329 |
Miscellaneous (Note 5) | 62,161 |
TOTAL EXPENSES | 34,880,514 |
Waivers and Reimbursement: | |
Waiver of investment adviser fee (Note 5) | (15,864,262) |
Waivers/reimbursement of other operating expenses (Notes 2 and 5) | (39,248) |
TOTAL WAIVERS AND REIMBURSEMENT | (15,903,510) |
Net expenses | 18,977,004 |
Net investment income | 13,568,444 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized gain on investments | 105,662 |
Net change in unrealized appreciation of investments | (5,418,157) |
Net realized and unrealized gain (loss) on investments | (5,312,495) |
Change in net assets resulting from operations | $8,255,949 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended 7/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income (loss) | $13,568,444 | $321,390,201 |
Net realized gain (loss) | 105,662 | (1,568,343) |
Net change in unrealized appreciation/depreciation | (5,418,157) | 3,688,255 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 8,255,949 | 323,510,113 |
Distributions to Shareholders: | ||
Institutional Shares | (13,564,152) | (319,807,042) |
Service Shares | (3,223) | (1,400,428) |
Capital Shares | (7,745) | (233,170) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (13,575,120) | (321,440,640) |
Share Transactions: | ||
Proceeds from sale of shares | 24,632,061,916 | 63,468,243,391 |
Net asset value of shares issued to shareholders in payment of distributions declared | 2,433,211 | 53,575,799 |
Cost of shares redeemed | (24,888,723,992) | (61,060,281,709) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (254,228,865) | 2,461,537,481 |
Change in net assets | (259,548,036) | 2,463,606,954 |
Net Assets: | ||
Beginning of period | 23,718,735,164 | 21,255,128,210 |
End of period | $23,459,187,128 | $23,718,735,164 |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $74,572 | $(499) | $(38,749) |
Capital Shares | 6,593 | — | — |
TOTAL | $81,165 | $(499) | $(38,749) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 24,218,618,553 | $24,231,660,792 | 62,747,078,555 | $62,773,370,088 |
Shares issued to shareholders in payment of distributions declared | 2,421,413 | 2,422,716 | 52,072,038 | 52,091,304 |
Shares redeemed | (24,441,851,335) | (24,454,870,050) | (60,342,756,540) | (60,362,871,020) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (220,811,369) | $(220,786,542) | 2,456,394,053 | $2,462,590,372 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 148,242,252 | $148,320,706 | 275,734,832 | $275,819,555 |
Shares issued to shareholders in payment of distributions declared | 2,749 | 2,750 | 1,251,498 | 1,251,881 |
Shares redeemed | (177,412,833) | (177,502,462) | (287,168,204) | (287,257,442) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (29,167,832) | $(29,179,006) | (10,181,874) | $(10,186,006) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 251,926,755 | $252,080,418 | 418,856,851 | $419,053,748 |
Shares issued to shareholders in payment of distributions declared | 7,739 | 7,745 | 232,523 | 232,614 |
Shares redeemed | (256,195,002) | (256,351,480) | (409,949,325) | (410,153,247) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (4,260,508) | $(4,263,317) | 9,140,049 | $9,133,115 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (254,239,709) | $(254,228,865) | 2,455,352,228 | $2,461,537,481 |
Short-Term | Long-Term | Total |
$1,568,343 | $— | $1,568,343 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2020 | Ending Account Value 1/31/2021 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,000.40 | $20.76 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,024.45 | $20.77 |
1 | Expenses are equal to the Fund’s Institutional Shares annualized net expense ratio of 0.15%, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
Share Class | Ticker | Automated | TOAXX | Institutional | TOIXX | Service | TOSXX |
Capital | TOCXX | Trust | TOTXX |
Federated Hermes Treasury Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
U.S. Treasury Securities | 57.3% |
Repurchase Agreements | 36.3% |
Other Assets and Liabilities—Net2 | 6.4% |
TOTAL | 100% |
1 | See the Fund’s prospectus and Statement of Additional Information for a description of the types of securities in which the Fund invests. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 54.1% |
8-30 Days | 8.8% |
31-90 Days | 12.9% |
91-180 Days | 13.4% |
181 Days or more | 4.4% |
Other Assets and Liabilities—Net2 | 6.4% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
U.S. TREASURIES— 57.3% | |||
U.S. Treasury Bills—32.8% | |||
$1,255,000,000 | 1 | United States Treasury Bills, 0.070% - 0.125%, 3/11/2021 | $1,254,856,603 |
501,800,000 | 1 | United States Treasury Bills, 0.075% - 0.090%, 5/18/2021 | 501,676,819 |
375,000,000 | 1 | United States Treasury Bills, 0.085%, 5/11/2021 | 374,912,344 |
914,000,000 | 1 | United States Treasury Bills, 0.085%, 7/29/2021 | 913,615,868 |
1,372,000,000 | 1 | United States Treasury Bills, 0.085% - 0.120%, 2/25/2021 | 1,371,901,253 |
220,000,000 | 1 | United States Treasury Bills, 0.087%, 4/27/2021 | 219,954,549 |
520,000,000 | 1 | United States Treasury Bills, 0.090%, 5/4/2021 | 519,880,400 |
355,000,000 | 1 | United States Treasury Bills, 0.090%, 6/15/2021 | 354,881,075 |
400,000,000 | 1 | United States Treasury Bills, 0.090%, 6/22/2021 | 399,859,000 |
575,000,000 | 1 | United States Treasury Bills, 0.090%, 6/29/2021 | 574,787,250 |
410,000,000 | 1 | United States Treasury Bills, 0.090%, 7/15/2021 | 409,831,900 |
675,000,000 | 1 | United States Treasury Bills, 0.090% - 0.100%, 5/20/2021 | 674,813,249 |
395,000,000 | 1 | United States Treasury Bills, 0.090% - 0.110%, 5/13/2021 | 394,893,529 |
400,000,000 | 1 | United States Treasury Bills, 0.095%, 6/1/2021 | 399,873,333 |
174,000,000 | 1 | United States Treasury Bills, 0.095%, 7/22/2021 | 173,921,482 |
1,875,000,000 | 1 | United States Treasury Bills, 0.095% - 0.108%, 2/4/2021 | 1,874,985,052 |
400,000,000 | 1 | United States Treasury Bills, 0.100%, 2/11/2021 | 399,988,889 |
500,000,000 | 1 | United States Treasury Bills, 0.100%, 3/2/2021 | 499,959,722 |
375,000,000 | 1 | United States Treasury Bills, 0.100%, 7/1/2021 | 374,843,749 |
713,000,000 | 1 | United States Treasury Bills, 0.100% - 0.110%, 2/23/2021 | 712,952,822 |
245,000,000 | 1 | United States Treasury Bills, 0.105%, 3/9/2021 | 244,974,275 |
75,000,000 | 1 | United States Treasury Bills, 0.105%, 4/1/2021 | 74,987,094 |
230,000,000 | 1 | United States Treasury Bills, 0.105%, 4/13/2021 | 229,952,370 |
170,000,000 | 1 | United States Treasury Bills, 0.110%, 5/6/2021 | 169,951,172 |
400,000,000 | 1 | United States Treasury Bills, 0.110%, 12/2/2021 | 399,628,445 |
1,325,000,000 | 1 | United States Treasury Bills, 0.115%, 3/4/2021 | 1,324,868,788 |
830,000,000 | 1 | United States Treasury Bills, 0.115% - 0.118%, 4/15/2021 | 829,805,257 |
675,000,000 | 1 | United States Treasury Bills, 0.120%, 2/9/2021 | 674,982,000 |
175,000,000 | 1 | United States Treasury Bills, 0.120%, 3/18/2021 | 174,973,750 |
79,000,000 | 1 | United States Treasury Bills, 0.135%, 11/4/2021 | 78,918,235 |
95,000,000 | 1 | United States Treasury Bills, 0.140%, 10/7/2021 | 94,908,377 |
232,000,000 | 1 | United States Treasury Bills, 0.260%, 3/25/2021 | 231,912,871 |
TOTAL | 16,932,251,522 | ||
U.S. Treasury Bonds—0.2% | |||
110,000,000 | United States Treasury Bonds, 8.000%, 11/15/2021 | 116,816,404 |
Principal Amount | Value | ||
U.S. TREASURIES— continued | |||
U.S. Treasury Notes—24.3% | |||
$2,528,000,000 | 2 | United States Treasury Floating Rate Notes, 0.135% (91-day T-Bill +0.055%), 2/2/2021 | $2,528,002,414 |
250,000,000 | 2 | United States Treasury Floating Rate Notes, 0.137% (91-day T-Bill +0.049%), 2/2/2021 | 250,000,000 |
1,333,200,000 | 2 | United States Treasury Floating Rate Notes, 0.194% (91-day T-Bill +0.114%), 2/2/2021 | 1,333,554,308 |
471,000,000 | 2 | United States Treasury Floating Rate Notes, 0.219% (91-day T-Bill +0.139%), 2/2/2021 | 470,991,000 |
1,315,000,000 | 2 | United States Treasury Floating Rate Notes, 0.234% (91-day T-Bill +0.154%), 2/2/2021 | 1,315,276,879 |
656,000,000 | 2 | United States Treasury Floating Rate Notes, 0.300% (91-day T-Bill +0.220%), 2/2/2021 | 655,957,227 |
1,016,175,000 | 2 | United States Treasury Floating Rate Notes, 0.380% (91-day T-Bill +0.300%), 2/2/2021 | 1,016,508,639 |
435,500,000 | United States Treasury Notes, 1.125% - 2.500%, 2/28/2021 | 435,730,424 | |
259,000,000 | United States Treasury Notes, 1.250%, 10/31/2021 | 261,200,811 | |
281,000,000 | United States Treasury Notes, 1.375% - 2.125%, 5/31/2021 | 282,536,259 | |
154,000,000 | United States Treasury Notes, 1.500%, 11/30/2021 | 155,780,226 | |
445,000,000 | United States Treasury Notes, 1.750%, 7/31/2021 | 448,567,491 | |
90,000,000 | United States Treasury Notes, 2.000%, 12/31/2021 | 91,560,194 | |
177,500,000 | United States Treasury Notes, 2.250%, 2/15/2021 | 177,590,756 | |
229,000,000 | United States Treasury Notes, 2.250%, 3/31/2021 | 229,643,082 | |
1,113,803,000 | United States Treasury Notes, 2.250%, 4/30/2021 | 1,119,525,427 | |
324,000,000 | United States Treasury Notes, 2.375%, 3/15/2021 | 324,798,199 | |
400,000,000 | United States Treasury Notes, 2.375%, 4/15/2021 | 401,573,732 | |
141,000,000 | United States Treasury Notes, 2.625%, 5/15/2021 | 141,989,462 | |
175,000,000 | United States Treasury Notes, 2.625%, 6/15/2021 | 176,631,738 | |
56,000,000 | United States Treasury Notes, 2.625%, 7/15/2021 | 56,639,530 | |
190,000,000 | United States Treasury Notes, 2.625%, 12/15/2021 | 194,117,556 | |
141,000,000 | United States Treasury Notes, 2.750%, 8/15/2021 | 143,009,848 | |
129,000,000 | United States Treasury Notes, 2.750%, 9/15/2021 | 131,092,190 | |
165,000,000 | United States Treasury Notes, 2.875%, 11/15/2021 | 168,553,872 | |
TOTAL | 12,510,831,264 | ||
TOTAL U.S. TREASURIES | 29,559,899,190 | ||
REPURCHASE AGREEMENTS— 36.3% | |||
240,000,000 | Repurchase agreement 0.07%, dated 1/4/2021 under which Bank of Montreal will repurchase securities provided as collateral for $100,000,194 on 1/5/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2049 and the market value of those underlying securities was $102,000,306. | 240,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 500,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which Bank of Nova Scotia will repurchase securities provided as collateral for $500,001,667 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2049 and the market value of those underlying securities was $510,001,730. | $500,000,000 | |
300,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.10%, dated 1/4/2021 under which Barclays Bank PLC will repurchase securities provided as collateral for $1,000,083,333 on 2/4/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2045 and the market value of those underlying securities was $1,020,085,100. | 300,000,000 | |
25,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which Barclays Capital, Inc. will repurchase securities provided as collateral for $25,000,083 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2046 and the market value of those underlying securities was $25,500,143. | 25,000,000 | |
5,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which Barclays Capital, Inc. will repurchase securities provided as collateral for $5,000,017 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with maturiting on 8/15/2046 and the market value of those underlying securities was $5,100,126. | 5,000,000 | |
100,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which BMO Capital Markets Corp. will repurchase securities provided as collateral for $100,000,333 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2046 and the market value of those underlying securities was $102,000,350. | 100,000,000 | |
450,000,000 | Interest in $500,000,000 joint repurchase agreement 0.10%, dated 12/7/2020 under which BMO Capital Markets Corp. will repurchase securities provided as collateral for $500,087,500 on 2/8/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2050 and the market value of those underlying securities was $510,079,466. | 450,000,000 | |
947,000,000 | Interest in $1,950,000,000 joint repurchase agreement 0.04%, dated 1/29/2021 under which BNP Paribas S.A. will repurchase securities provided as collateral for $1,950,006,500 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2049 and the market value of those underlying securities was $1,989,006,630. | 947,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 450,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which BNP Paribas S.A. will repurchase securities provided as collateral for $450,001,500 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2039 and the market value of those underlying securities was $459,001,537. | $450,000,000 | |
450,000,000 | Interest in $2,000,000,000 joint repurchase agreement 0.08%, dated 1/29/2021 under which BNP Paribas S.A. will repurchase securities provided as collateral for $2,000,142,222 on 3/2/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2049 and the market value of those underlying securities was $2,040,013,623. | 450,000,000 | |
300,000,000 | Interest in $1,150,000,000 joint repurchase agreement 0.10%, dated 12/17/2020 under which BNP Paribas S.A. will repurchase securities provided as collateral for $1,150,194,861 on 2/16/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2048 and the market value of those underlying securities was $1,173,149,892. | 300,000,000 | |
67,148,000 | Repurchase agreement 0.00%, dated 1/29/2021 under which BofA Securities, Inc. will repurchase securities provided as collateral for $67,148,000 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/31/2024 and the market value of those underlying securities was $68,490,968. | 67,148,000 | |
810,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which BofA Securities, Inc. will repurchase securities provided as collateral for $810,002,700 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2049 and the market value of those underlying securities was $826,202,830. | 810,000,000 | |
450,000,000 | Interest in $500,000,000 joint repurchase agreement 0.09%, dated 1/20/2021 under which BofA Securities, Inc. will repurchase securities provided as collateral for $500,040,000 on 2/22/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2047 and the market value of those underlying securities was $510,014,085. | 450,000,000 | |
100,000,000 | Repurchase agreement 0.10%, dated 1/8/2021 under which BofA Securities, Inc. will repurchase securities provided as collateral for $100,008,611 on 2/8/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury security maturing on 2/29/2024 and the market value of those underlying securities was $102,006,855. | 100,000,000 | |
500,000,000 | Interest in $2,000,000,000 joint repurchase agreement 0.10%, dated 1/8/2021 under which CIBC World Markets Corp. will repurchase securities provided as collateral for $2,000,172,222 on 2/8/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2050 and the market value of those underlying securities was $2,040,175,668. | 500,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 250,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which Citibank, N.A. will repurchase securities provided as collateral for $250,000,833 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2048 and the market value of those underlying securities was $255,001,952. | $250,000,000 | |
450,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $450,001,500 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2030 and the market value of those underlying securities was $459,001,572. | 450,000,000 | |
465,000,000 | Interest in $500,000,000 joint repurchase agreement 0.05%, dated 1/7/2020 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $500,004,861 on 2/11/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/31/2026 and the market value of those underlying securities was $510,030,464. | 465,000,000 | |
500,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.04%, dated 1/29/2021 under which Credit Agricole CIB New York will repurchase securities provided as collateral for $1,000,003,333 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2030 and the market value of those underlying securities was $1,020,003,460. | 500,000,000 | |
975,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.09%, dated 1/20/2021 under which Credit Agricole CIB New York will repurchase securities provided as collateral for $1,000,080,000 on 2/22/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2030 and the market value of those underlying securities was $1,020,028,138. | 975,000,000 | |
200,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.10%, dated 1/4/2021 under which Credit Agricole CIB New York will repurchase securities provided as collateral for $1,000,086,111 on 2/4/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2029 and the market value of those underlying securities was $1,020,079,431. | 200,000,000 | |
500,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which Credit Suisse Securities (USA) LLC will repurchase securities provided as collateral for $500,001,667 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2050 and the market value of those underlying securities was $510,001,752. | 500,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 500,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which DNB Bank ASA will repurchase securities provided as collateral for $500,001,667 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2030 and the market value of those underlying securities was $510,000,023. | $500,000,000 | |
500,000,000 | Repurchase agreement 0.06%, dated 1/29/2021 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $500,002,500 on 2/1/2021. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. were U.S. Treasury securities with various maturities to 10/15/2025 and the market value of those underlying securities was $509,820,163. | 500,000,000 | |
2,500,000,821 | Repurchase agreement 0.06%, dated 1/29/2021 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $2,500,013,321 on 2/1/2021. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. were U.S. Treasury securities with various maturities to 5/15/2029 and the market value of those underlying securities was $2,551,162,027. | 2,500,000,821 | |
130,000,000 | Repurchase agreement 0.03%, dated 1/29/2021 under which ING Financial Markets LLC will repurchase securities provided as collateral for $130,000,325 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2027 and the market value of those underlying securities was $132,600,355. | 130,000,000 | |
400,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which ING Financial Markets LLC will repurchase securities provided as collateral for $400,001,333 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2049 and the market value of those underlying securities was $408,001,388. | 400,000,000 | |
450,001,218 | Repurchase agreement 0.04%, dated 1/29/2021 under which Metropolitan Life Insurance Co. will repurchase securities provided as collateral for $450,002,718 on 2/1/2021. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. were U.S. Treasury securities with various maturities to 11/15/2048 and the market value of those underlying securities was $461,612,400. | 450,001,218 | |
750,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which National Australia Bank Ltd., Melbourne will repurchase securities provided as collateral for $750,002,500 on 2/1/2021. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. were U.S. Treasury securities with various maturities to 8/31/2025 and the market value of those underlying securities was $765,896,779. | 750,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 500,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.08%, dated 1/29/2021 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $1,000,068,889 on 3/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2050 and the market value of those underlying securities was $1,020,006,868. | $500,000,000 | |
290,000,000 | Interest in $1,500,000,000 joint repurchase agreement 0.10%, dated 1/4/2021 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $1,500,379,167 on 4/5/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2050 and the market value of those underlying securities was $1,530,119,035. | 290,000,000 | |
480,000,000 | Interest in $500,000,000 joint repurchase agreement 0.10%, dated 1/19/2021 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $500,125,000 on 4/19/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2050 and the market value of those underlying securities was $510,018,452. | 480,000,000 | |
500,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which Natwest Markets Securities, Inc. will repurchase securities provided as collateral for $500,001,667 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/30/2027 and the market value of those underlying securities was $510,000,073. | 500,000,000 | |
500,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which Nomura Securities International, Inc. will repurchase securities provided as collateral for $500,001,667 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 10/15/2025 and the market value of those underlying securities was $510,000,030. | 500,000,000 | |
740,740,500 | Repurchase agreement 0.07%, dated 1/29/2021 under which Prudential Insurance Co. of America will repurchase securities provided as collateral for $740,744,821 on 2/1/2021. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. were U.S. Treasury securities with various maturities to 11/15/2049 and the market value of those underlying securities was $758,708,367. | 740,740,500 | |
72,860,000 | Repurchase agreement 0.07%, dated 1/29/2021 under which Prudential Legacy Insurance Co. of NJ will repurchase securities provided as collateral for $72,860,425 on 2/1/2021. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. were U.S. Treasury securities with various maturities to 8/15/2045 and the market value of those underlying securities was $74,435,860. | 72,860,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 500,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which Societe Generale, New York will repurchase securities provided as collateral for $500,001,667 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2050 and the market value of those underlying securities was $510,001,704. | $500,000,000 | |
500,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.04%, dated 1/29/2021 under which Standard Chartered Bank will repurchase securities provided as collateral for $1,000,003,333 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2050 and the market value of those underlying securities was $1,017,287,540. | 500,000,000 | |
33,801,500 | Repurchase agreement 0.07%, dated 1/29/2021 under which United Of Omaha will repurchase securities provided as collateral for $33,801,697 on 2/1/2021. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2042 and the market value of those underlying securities was $34,556,191. | 33,801,500 | |
360,000,000 | Repurchase agreement 0.04%, dated 1/29/2021 under which Wells Fargo Securities LLC will repurchase securities provided as collateral for $360,001,200 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2044 and the market value of those underlying securities was $367,201,248. | 360,000,000 | |
TOTAL REPURCHASE AGREEMENTS | 18,741,552,039 | ||
TOTAL INVESTMENT IN SECURITIES—93.6% (AT AMORTIZED COST)3 | 48,301,451,229 | ||
OTHER ASSETS AND LIABILITIES - NET—6.4%4 | 3,302,607,190 | ||
TOTAL NET ASSETS—100% | $51,604,058,419 |
1 | Discount rate at time of purchase. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. |
3 | Also represents cost for federal tax purposes. |
4 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.008 | 0.019 | 0.010 | 0.002 | 0.0001 |
Net realized gain (loss) | — | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.008 | 0.019 | 0.010 | 0.002 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.008) | (0.019) | (0.010) | (0.002) | (0.000)1 |
Distributions from net realized gain | — | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.008) | (0.019) | (0.010) | (0.002) | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.84% | 1.88% | 1.03% | 0.17% | 0.01% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.16%4 | 0.43% | 0.48% | 0.42% | 0.46% | 0.28% |
Net investment income | 0.01%4 | 0.82% | 1.87% | 1.02% | 0.16% | 0.01% |
Expense waiver/reimbursement5 | 0.47%4 | 0.18% | 0.11% | 0.10% | 0.15% | 0.36% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $2,289,300 | $2,076,883 | $2,138,942 | $2,059,409 | $1,435,990 | $2,196,515 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.011 | 0.022 | 0.013 | 0.004 | 0.001 |
Net realized gain (loss) | — | (0.000)1 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.011 | 0.022 | 0.013 | 0.004 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.011) | (0.022) | (0.013) | (0.004) | (0.001) |
Distributions from net realized gain | — | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.011) | (0.022) | (0.013) | (0.004) | (0.001) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 1.09% | 2.18% | 1.25% | 0.44% | 0.11% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.15%4 | 0.19% | 0.18% | 0.19% | 0.20% | 0.18% |
Net investment income | 0.02%4 | 0.99% | 2.17% | 1.24% | 0.43% | 0.11% |
Expense waiver/ reimbursement5 | 0.13%4 | 0.10% | 0.11% | 0.10% | 0.08% | 0.11% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $41,893,297 | $49,615,082 | $33,350,766 | $25,992,845 | $24,203,284 | $23,141,953 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.009 | 0.019 | 0.010 | 0.002 | 0.0001 |
Net realized gain (loss) | — | (0.000)1 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.009 | 0.019 | 0.010 | 0.002 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.009) | (0.019) | (0.010) | (0.002) | (0.000)1 |
Distributions from net realized gain | — | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.009) | (0.019) | (0.010) | (0.002) | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.88% | 1.93% | 1.00% | 0.21% | 0.01% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.16%4 | 0.39% | 0.43% | 0.44% | 0.43% | 0.27% |
Net investment income | 0.01%4 | 0.84% | 1.92% | 0.96% | 0.22% | 0.01% |
Expense waiver/reimbursement5 | 0.37%4 | 0.15% | 0.11% | 0.10% | 0.10% | 0.27% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $4,979,154 | $5,512,396 | $4,672,058 | $3,584,885 | $5,208,323 | $3,864,431 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.010 | 0.021 | 0.012 | 0.003 | 0.0001 |
Net realized gain (loss) | — | (0.000)1 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.010 | 0.021 | 0.012 | 0.003 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.010) | (0.021) | (0.012) | (0.003) | (0.000)1 |
Distributions from net realized gain | — | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.010) | (0.021) | (0.012) | (0.003) | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.99% | 2.08% | 1.15% | 0.34% | 0.05% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.17%4 | 0.28% | 0.28% | 0.29% | 0.30% | 0.24% |
Net investment income | 0.01%4 | 0.90% | 2.07% | 1.12% | 0.35% | 0.05% |
Expense waiver/reimbursement5 | 0.22%4 | 0.11% | 0.11% | 0.10% | 0.08% | 0.15% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,774,736 | $2,119,651 | $1,250,599 | $1,114,276 | $1,857,588 | $802,172 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.007 | 0.017 | 0.008 | 0.001 | 0.0001 |
Net realized gain (loss) | — | (0.000)1 | 0.0001 | (0.000)1 | (0.000)1 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.007 | 0.017 | 0.008 | 0.001 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.007) | (0.017) | (0.008) | (0.001) | (0.000)1 |
Distributions from net realized gain | — | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.007) | (0.017) | (0.008) | (0.001) | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.72% | 1.67% | 0.75% | 0.08% | 0.01% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.17%4 | 0.54% | 0.68% | 0.69% | 0.57% | 0.27% |
Net investment income | 0.01%4 | 0.66% | 1.67% | 0.77% | 0.09% | 0.01% |
Expense waiver/reimbursement5 | 0.62%4 | 0.25% | 0.11% | 0.10% | 0.22% | 0.51% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $667,572 | $1,379,716 | $860,830 | $512,289 | $909,570 | $642,129 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Assets: | |
Investment in repurchase agreements | $18,741,552,039 |
Investment in securities | 29,559,899,190 |
Investment in securities, at amortized cost and fair value | 48,301,451,229 |
Cash | 3,943,960,848 |
Income receivable | 41,421,941 |
Receivable for investments sold | 40,000,000 |
Receivable for shares sold | 26,175,783 |
Total Assets | 52,353,009,801 |
Liabilities: | |
Payable for investments purchased | 720,430,859 |
Payable for shares redeemed | 27,043,695 |
Income distribution payable | 270,224 |
Payable for investment adviser fee (Note 4) | 107,058 |
Payable for administrative fee (Note 4) | 331,260 |
Payable for distribution services fee (Note 4) | 155 |
Accrued expenses (Note 4) | 768,131 |
Total Liabilities | 748,951,382 |
Net assets for 51,603,813,166 shares outstanding | $51,604,058,419 |
Net Assets Consist of: | |
Paid-in capital | $51,603,976,541 |
Total distributable earnings (loss) | 81,878 |
Total Net Assets | $51,604,058,419 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Automated Shares: | |
$2,289,299,842 ÷ 2,289,288,963 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Institutional Shares: | |
$41,893,296,615 ÷ 41,893,097,520 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$4,979,153,808 ÷ 4,979,130,149 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Capital Shares: | |
$1,774,735,952 ÷ 1,774,727,504 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Trust Shares: | |
$667,572,202 ÷ 667,569,030 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Investment Income: | |
Interest | $47,334,417 |
Expenses: | |
Investment adviser fee (Note 4) | 54,324,919 |
Administrative fee (Note 4) | 21,176,831 |
Custodian fees | 876,903 |
Transfer agent fees (Note 2) | 1,240,715 |
Directors’/Trustees’ fees (Note 4) | 126,171 |
Auditing fees | 12,025 |
Legal fees | 5,899 |
Portfolio accounting fees | 131,682 |
Distribution services fee (Note 4) | 1,500,061 |
Other service fees (Notes 2 and 4) | 12,235,960 |
Share registration costs | 223,390 |
Printing and postage | 108,773 |
Miscellaneous (Note 4) | 120,168 |
TOTAL EXPENSES | 92,083,497 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 4) | (35,555,213) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (14,280,451) |
TOTAL WAIVERS AND REIMBURSEMENTS | (49,835,664) |
Net expenses | 42,247,833 |
Net investment income | 5,086,584 |
Net realized gain on investments | 44,895 |
Change in net assets resulting from operations | $5,131,479 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended 7/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income (loss) | $5,086,584 | $455,800,250 |
Net realized gain (loss) | 44,895 | (305) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 5,131,479 | 455,799,945 |
Distributions to Shareholders: | ||
Automated Shares | (115,615) | (15,935,062) |
Institutional Shares | (4,616,258) | (371,823,448) |
Service Shares | (285,118) | (46,290,313) |
Capital Shares | (90,031) | (13,540,706) |
Trust Shares | (61,037) | (8,098,718) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (5,168,059) | (455,688,247) |
Share Transactions: | ||
Proceeds from sale of shares | 292,591,773,849 | 359,154,323,444 |
Proceeds from shares issued in connection with the tax- free transfer of assets from PNC Treasury Plus Money Market Fund | — | 310,115,826 |
Net asset value of shares issued to shareholders in payment of distributions declared | 1,979,707 | 178,774,648 |
Cost of shares redeemed | (301,693,386,321) | (341,212,791,234) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (9,099,632,765) | 18,430,422,684 |
Change in net assets | (9,099,669,345) | 18,430,534,382 |
Net Assets: | ||
Beginning of period | 60,703,727,764 | 42,273,193,382 |
End of period | $51,604,058,419 | $60,703,727,764 |
Shares of the Fund Issued | Acquired Fund’s Net Assets Received | Net Assets of the Fund Immediately Prior to Combination | Net Assets of the Fund Immediately After Combination |
310,115,826 | $310,115,826 | $45,100,232,014 | $45,410,347,840 |
Net investment income | $457,858,254 |
Net realized and unrealized gain on investments | 6,394 |
Net increase in net assets resulting from operations | $457,864,648 |
Transfer Agent Fees Incurred | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $1,094,916 | $(982,292) |
Institutional Shares | 121,704 | — |
Service Shares | 15,768 | — |
Capital Shares | 4,982 | — |
Trust Shares | 3,345 | — |
TOTAL | $1,240,715 | $(982,292) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $2,847,984 | $(11,352) | $(2,836,632) |
Service Shares | 7,008,327 | (130,908) | (6,608,181) |
Capital Shares | 881,676 | (5,224) | (774,252) |
Trust Shares | 1,497,973 | (1,200) | (1,496,773) |
TOTAL | $12,235,960 | $(148,684) | $(11,715,838) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Automated Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,155,536,859 | $2,155,536,859 | 3,366,610,734 | $3,366,611,347 |
Shares issued to shareholders in payment of distributions declared | 113,070 | 113,070 | 15,138,139 | 15,138,139 |
Shares redeemed | (1,943,234,641) | (1,943,234,641) | (3,443,808,266) | (3,443,808,266) |
NET CHANGE RESULTING FROM AUTOMATED SHARE TRANSACTIONS | 212,415,288 | $212,415,288 | (62,059,393) | $(62,058,780) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 278,666,256,232 | $278,666,256,232 | 325,052,165,209 | $325,052,176,566 |
Proceeds from shares issued in connection with the tax-free transfer of assets from the Acquired Fund | — | — | 309,932,776 | 309,932,776 |
Shares issued to shareholders in payment of distributions declared | 1,684,120 | 1,684,120 | 130,824,039 | 130,824,039 |
Shares redeemed | (286,389,694,618) | (286,389,694,618) | (309,228,703,473) | (309,228,703,473) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (7,721,754,266) | $(7,721,754,266) | 16,264,218,551 | $16,264,229,908 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 8,128,416,122 | $8,128,416,122 | 20,854,916,848 | $20,854,916,848 |
Proceeds from shares issued in connection with the tax-free transfer of assets from the Acquired Fund | — | — | 10 | 10 |
Shares issued to shareholders in payment of distributions declared | 100,934 | 100,934 | 19,803,819 | 19,803,819 |
Shares redeemed | (8,661,757,105) | (8,661,757,105) | (20,034,389,688) | (20,034,408,256) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (533,240,049) | $(533,240,049) | 840,330,989 | $840,312,421 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,465,452,252 | $2,465,452,252 | 6,315,658,552 | $6,315,663,515 |
Proceeds from shares issued in connection with the tax-free transfer of assets from the Acquired Fund | — | — | 183,040 | 183,040 |
Shares issued to shareholders in payment of distributions declared | 47,256 | 47,256 | 7,849,804 | 7,849,804 |
Shares redeemed | (2,810,412,788) | (2,810,412,788) | (5,454,644,344) | (5,454,644,344) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (344,913,280) | $(344,913,280) | 869,047,052 | $869,052,015 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Trust Shares: | Shares | Amount | Shares | Amount |
Shares sold | 1,176,112,384 | $1,176,112,384 | 3,564,951,260 | $3,564,955,168 |
Shares issued to shareholders in payment of distributions declared | 34,327 | 34,327 | 5,158,847 | 5,158,847 |
Shares redeemed | (1,888,287,169) | (1,888,287,169) | (3,051,226,895) | (3,051,226,895) |
NET CHANGE RESULTING FROM TRUST SHARE TRANSACTIONS | (712,140,458) | $(712,140,458) | 518,883,212 | $518,887,120 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (9,099,632,765) | $(9,099,632,765) | 18,430,420,411 | $18,430,422,684 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Trust Shares | $1,500,061 | $(1,433,637) |
Beginning Account Value 8/1/2020 | Ending Account Value 1/31/2021 | Expenses Paid During Period1 | |
Actual: | |||
Automated Shares | $1,000 | $1,000.10 | $20.81 |
Institutional Shares | $1,000 | $1,000.10 | $30.76 |
Service Shares | $1,000 | $1,000.10 | $40.81 |
Capital Shares | $1,000 | $1,000.10 | $50.86 |
Trust Shares | $1,000 | $1,000.10 | $60.86 |
Hypothetical (assuming a 5% return before expenses): | |||
Automated Shares | $1,000 | $1,024.40 | $20.82 |
Institutional Shares | $1,000 | $1,024.45 | $30.77 |
Service Shares | $1,000 | $1,024.40 | $40.82 |
Capital Shares | $1,000 | $1,024.35 | $50.87 |
Trust Shares | $1,000 | $1,024.35 | $60.87 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Automated Shares | 0.16% |
Institutional Shares | 0.15% |
Service Shares | 0.16% |
Capital Shares | 0.17% |
Trust Shares | 0.17% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Automated Shares current Fee Limit of 0.55% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.77 and $2.80, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Service Shares current Fee Limit of 0.45% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.27 and $2.29, respectively. |
5 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Capital Shares current Fee Limit of 0.30% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.51 and $1.53, respectively. |
6 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Trust Shares current Fee Limit of 0.70% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $3.53 and $3.57, respectively. |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N500
CUSIP 60934N872
CUSIP 60934N823
CUSIP 60934N120
Share Class | Ticker | Institutional | TTOXX | Cash II | TTIXX | Cash Series | TCSXX |
Federated Hermes Trust for U.S. Treasury Obligations
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
U.S. Treasury Securities | 58.2% |
Repurchase Agreements | 38.8% |
Other Assets and Liabilities—Net2 | 3.0% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for a description of the types of securities in which the Fund invests. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 54.3% |
8-30 Days | 8.3% |
31-90 Days | 14.3% |
91-180 Days | 16.4% |
181 Days or more | 3.7% |
Other Assets and Liabilities—Net2 | 3.0% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
U.S. TREASURIES— 58.2% | |||
$ 25,000,000 | 1 | United States Treasury Bills, 0.085%, 5/11/2021 | $24,994,156 |
40,200,000 | 1 | United States Treasury Bills, 0.085%, 7/29/2021 | 40,183,105 |
68,000,000 | 1 | United States Treasury Bills, 0.085% - 0.120%, 2/25/2021 | 67,995,213 |
16,000,000 | 1 | United States Treasury Bills, 0.087%, 4/27/2021 | 15,996,694 |
19,250,000 | 1 | United States Treasury Bills, 0.090%, 5/4/2021 | 19,245,573 |
20,000,000 | 1 | United States Treasury Bills, 0.090%, 5/18/2021 | 19,994,700 |
25,000,000 | 1 | United States Treasury Bills, 0.090%, 6/15/2021 | 24,991,625 |
20,000,000 | 1 | United States Treasury Bills, 0.090%, 6/22/2021 | 19,992,950 |
40,000,000 | 1 | United States Treasury Bills, 0.090%, 6/24/2021 | 39,985,700 |
38,000,000 | 1 | United States Treasury Bills, 0.090%, 6/29/2021 | 37,985,940 |
20,000,000 | 1 | United States Treasury Bills, 0.090%, 7/8/2021 | 19,992,150 |
27,000,000 | 1 | United States Treasury Bills, 0.090%, 7/15/2021 | 26,988,930 |
44,000,000 | 1 | United States Treasury Bills, 0.090% - 0.100%, 5/20/2021 | 43,987,850 |
27,000,000 | 1 | United States Treasury Bills, 0.090% - 0.110%, 5/13/2021 | 26,992,734 |
50,000,000 | 1 | United States Treasury Bills, 0.095%, 6/1/2021 | 49,984,167 |
10,900,000 | 1 | United States Treasury Bills, 0.095%, 7/22/2021 | 10,895,081 |
50,000,000 | 1 | United States Treasury Bills, 0.095% - 0.120%, 2/4/2021 | 49,999,552 |
25,000,000 | 1 | United States Treasury Bills, 0.100%, 2/11/2021 | 24,999,306 |
30,000,000 | 1 | United States Treasury Bills, 0.100%, 3/2/2021 | 29,997,583 |
50,000,000 | 1 | United States Treasury Bills, 0.100%, 7/1/2021 | 49,979,166 |
43,000,000 | 1 | United States Treasury Bills, 0.100% - 0.110%, 2/23/2021 | 42,997,152 |
71,000,000 | 1 | United States Treasury Bills, 0.100% - 0.125%, 3/11/2021 | 70,991,450 |
34,825,000 | 1 | United States Treasury Bills, 0.105%, 2/18/2021 | 34,823,273 |
15,000,000 | 1 | United States Treasury Bills, 0.105%, 3/9/2021 | 14,998,425 |
5,000,000 | 1 | United States Treasury Bills, 0.105%, 4/1/2021 | 4,999,140 |
15,000,000 | 1 | United States Treasury Bills, 0.105%, 4/13/2021 | 14,996,894 |
10,000,000 | 1 | United States Treasury Bills, 0.110%, 5/6/2021 | 9,997,128 |
26,000,000 | 1 | United States Treasury Bills, 0.110%, 12/2/2021 | 25,975,849 |
75,000,000 | 1 | United States Treasury Bills, 0.115%, 3/4/2021 | 74,992,573 |
15,000,000 | 1 | United States Treasury Bills, 0.115%, 3/30/2021 | 14,997,269 |
35,000,000 | 1 | United States Treasury Bills, 0.115%, 4/22/2021 | 34,991,056 |
70,000,000 | 1 | United States Treasury Bills, 0.115% - 0.118%, 4/15/2021 | 69,983,600 |
40,000,000 | 1 | United States Treasury Bills, 0.120%, 2/9/2021 | 39,998,933 |
11,000,000 | 1 | United States Treasury Bills, 0.120%, 3/18/2021 | 10,998,350 |
4,510,000 | 1 | United States Treasury Bills, 0.135%, 11/4/2021 | 4,505,332 |
6,000,000 | 1 | United States Treasury Bills, 0.140%, 10/7/2021 | 5,994,213 |
18,000,000 | 1 | United States Treasury Bills, 0.260%, 3/25/2021 | 17,993,240 |
Principal Amount | Value | ||
U.S. TREASURIES— continued | |||
$156,250,000 | 2 | United States Treasury Floating Rate Notes, 0.135% (91-day T-Bill +0.055%), 2/2/2021 | $156,250,301 |
17,000,000 | 2 | United States Treasury Floating Rate Notes, 0.137% (91-day T-Bill +0.049%), 2/2/2021 | 17,000,000 |
70,000,000 | 2 | United States Treasury Floating Rate Notes, 0.194% (91-day T-Bill +0.114%), 2/2/2021 | 70,012,375 |
28,000,000 | 2 | United States Treasury Floating Rate Notes, 0.219% (91-day T-Bill +0.139%), 2/2/2021 | 27,999,225 |
91,000,000 | 2 | United States Treasury Floating Rate Notes, 0.234% (91-day T-Bill +0.154%), 2/2/2021 | 91,005,980 |
44,000,000 | 2 | United States Treasury Floating Rate Notes, 0.300% (91-day T-Bill +0.220%), 2/2/2021 | 43,993,661 |
68,500,000 | 2 | United States Treasury Floating Rate Notes, 0.380% (91-day T-Bill +0.300%), 2/2/2021 | 68,521,841 |
29,000,000 | United States Treasury Notes, 1.125%, 2/28/2021 | 29,012,799 | |
13,750,000 | United States Treasury Notes, 1.250%, 10/31/2021 | 13,866,508 | |
11,000,000 | United States Treasury Notes, 1.500%, 11/30/2021 | 11,127,159 | |
30,000,000 | United States Treasury Notes, 1.750%, 7/31/2021 | 30,240,505 | |
23,762,000 | United States Treasury Notes, 2.125%, 5/31/2021 | 23,916,889 | |
7,000,000 | United States Treasury Notes, 2.250%, 2/15/2021 | 7,005,109 | |
19,000,000 | United States Treasury Notes, 2.250%, 3/31/2021 | 19,053,356 | |
58,000,000 | United States Treasury Notes, 2.250%, 4/30/2021 | 58,298,156 | |
24,000,000 | United States Treasury Notes, 2.375%, 3/15/2021 | 24,058,145 | |
34,000,000 | United States Treasury Notes, 2.375%, 4/15/2021 | 34,133,693 | |
9,000,000 | United States Treasury Notes, 2.625%, 5/15/2021 | 9,063,157 | |
20,000,000 | United States Treasury Notes, 2.625%, 6/15/2021 | 20,186,484 | |
4,000,000 | United States Treasury Notes, 2.625%, 7/15/2021 | 4,045,681 | |
10,000,000 | United States Treasury Notes, 2.625%, 12/15/2021 | 10,216,714 | |
9,000,000 | United States Treasury Notes, 2.750%, 8/15/2021 | 9,128,288 | |
8,000,000 | United States Treasury Notes, 2.750%, 9/15/2021 | 8,129,748 | |
35,000,000 | United States Treasury Notes, 2.875%, 11/15/2021 | 35,756,917 | |
TOTAL | 1,961,438,743 | ||
REPURCHASE AGREEMENTS— 38.8% | |||
10,000,000 | Interest in $100,000,000 joint repurchase agreement 0.07%, dated 1/4/2021 under which Bank of Montreal will repurchase securities provided as collateral for $100,000,194 on 1/5/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2049 and the market value of those underlying securities was $102,000,306. | 10,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 50,000,000 | Repurchase agreement 0.10%, dated 12/7/2020 under which BMO Capital Markets Corp. will repurchase securities provided as collateral for $500,087,500 on 2/8/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2050 and the market value of those underlying securities was $510,079,466. | $50,000,000 | |
100,000,000 | Interest in $1,950,000,000 joint repurchase agreement 0.04%, dated 1/29/2021 under which BNP Paribas S.A. will repurchase securities provided as collateral for $1,950,006,500 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2049 and the market value of those underlying securities was $1,989,006,630. | 100,000,000 | |
50,000,000 | Interest in $1,150,000,000 joint repurchase agreement 0.10%, dated 12/17/2020 under which BNP Paribas S.A. will repurchase securities provided as collateral for $1,150,194,861 on 2/16/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2048 and the market value of those underlying securities was $1,173,149,892. | 50,000,000 | |
50,000,000 | Interest in $2,000,000,000 joint repurchase agreement 0.08%, dated 1/29/2021 under which BNP Paribas S.A. will repurchase securities provided as collateral for $2,000,142,222 on 3/2/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2049 and the market value of those underlying securities was $2,040,013,623. | 50,000,000 | |
50,000,000 | Interest in $500,000,000 joint repurchase agreement 0.09%, dated 1/20/2021 under which Bofa Securities, Inc. will repurchase securities provided as collateral for $500,040,000 on 2/22/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2047 and the market value of those underlying securities was $510,014,085. | 50,000,000 | |
30,000,000 | Interest in $2,000,000,000 joint repurchase agreement 0.10%, dated 1/8/2021 under which CIBC World Markets Corp. will repurchase securities provided as collateral for $2,000,172,222 on 2/8/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2050 and the market value of those underlying securities was $2,040,175,668. | 30,000,000 | |
35,000,000 | Interest in $500,000,000 joint repurchase agreement 0.05%, dated 1/7/2020 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $500,000,000 on 2/4/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/31/2026 and the market value of those underlying securities was $510,030,464. | 35,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$100,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.04%, dated 1/29/2021 under which Credit Agricole CIB will repurchase securities provided as collateral for $1,000,003,333 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2030 and the market value of those underlying securities was $1,020,003,460. | $100,000,000 | |
25,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.10%, dated 1/4/2021 under which Credit Agricole CIB will repurchase securities provided as collateral for $1,000,086,111 on 2/4/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2029 and the market value of those underlying securities was $1,020,079,431. | 25,000,000 | |
25,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.09%, dated 1/20/2021 under which Credit Agricole CIB will repurchase securities provided as collateral for $1,000,080,000 on 2/22/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2030 and the market value of those underlying securities was $1,020,028,138. | 25,000,000 | |
300,000,040 | Repurchase agreement 0.06%, dated 1/29/2021 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $300,001,540 on 2/1/2021. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2049 and the market value of those underlying securities was $307,514,923. | 300,000,040 | |
350,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.04%, dated 1/29/2021 under which ING Financial Markets LLC will repurchase securities provided as collateral for $1,000,003,333 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2048 and the market value of those underlying securities was $1,031,697,114. | 350,000,000 | |
10,000,000 | Interest in $1,500,000,000 joint repurchase agreement 0.10%, dated 1/4/2021 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $1,500,379,167 on 4/5/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2050 and the market value of those underlying securities was $1,530,119,035. | 10,000,000 | |
20,000,000 | Interest in $500,000,000 joint repurchase agreement 0.10%, dated 1/19/2021 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $500,125,000 on 4/19/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2050 and the market value of those underlying securities was $510,018,452. | 20,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$100,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.04%, dated 1/29/2021 under which Standard Chartered Bank will repurchase securities provided as collateral for $1,000,003,333 on 2/1/2021. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2050 and the market value of those underlying securities was $1,017,287,540. | $100,000,000 | |
TOTAL REPURCHASE AGREEMENTS | 1,305,000,040 | ||
TOTAL INVESTMENT IN SECURITIES—97.0% (AT AMORTIZED COST)3 | 3,266,438,783 | ||
OTHER ASSETS AND LIABILITIES - NET—3.0%4 | 102,232,802 | ||
TOTAL NET ASSETS—100% | $3,368,671,585 |
1 | Discount rate(s) at time of purchase. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. |
3 | Also represents cost of investments for federal tax purposes. |
4 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.011 | 0.021 | 0.012 | 0.004 | 0.001 |
Net realized gain (loss) | 0.0001 | (0.000)1 | 0.0001 | 0.0001 | (0.000)1 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.011 | 0.021 | 0.012 | 0.004 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.011) | (0.021) | (0.012) | (0.004) | (0.001) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.011) | (0.021) | (0.012) | (0.004) | (0.001) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 1.07% | 2.16% | 1.25% | 0.44% | 0.11% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.17%4 | 0.20% | 0.20% | 0.20% | 0.20% | 0.18% |
Net investment income | 0.01%4 | 0.94% | 2.18% | 1.23% | 0.47% | 0.12% |
Expense waiver/reimbursement5 | 0.13%4 | 0.11% | 0.11% | 0.13% | 0.13% | 0.17% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,917,436 | $2,334,139 | $1,344,393 | $360,889 | $288,652 | $167,690 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.006 | 0.014 | 0.005 | 0.0001 | 0.003 |
Net realized gain (loss) | 0.0001 | (0.000)1 | 0.0001 | 0.0001 | 0.0001 | (0.003) |
Total From Investment Operations | 0.0001 | 0.006 | 0.014 | 0.005 | 0.0001 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.006) | (0.014) | (0.005) | (0.000)1 | (0.000)1 |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.006) | (0.014) | (0.005) | (0.000)1 | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.00%3 | 0.58% | 1.45% | 0.54% | 0.02% | 0.00%3 |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.18%5 | 0.67% | 0.90% | 0.90% | 0.62% | 0.38% |
Net investment income | 0.00%3, 5 | 0.53% | 1.44% | 0.53% | 0.02% | 0.00%3 |
Expense waiver/reimbursement6 | 0.80%5 | 0.34% | 0.11% | 0.13% | 0.41% | 0.65% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $814,002 | $750,118 | $591,844 | $635,165 | $751,234 | $617,216 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Represents less than 0.01%. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2021 | Year Ended July 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.005 | 0.013 | 0.004 | 0.0001 | 0.0001 |
Net realized gain (loss) | 0.0001 | (0.000)1 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.005 | 0.013 | 0.004 | 0.0001 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.005) | (0.013) | (0.004) | (0.000)1 | (0.000)1 |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.005) | (0.013) | (0.004) | (0.000)1 | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.00%3 | 0.50% | 1.31% | 0.40% | 0.00%3 | 0.00%3 |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.18%5 | 0.76% | 1.04% | 1.05% | 0.64% | 0.32% |
Net investment income | 0.00%3, 5 | 0.47% | 1.32% | 0.30% | 0.00%3 | 0.00%3 |
Expense waiver/reimbursement6 | 1.05%5 | 0.48% | 0.21% | 0.23% | 0.64% | 0.97% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $637,233 | $653,747 | $496,252 | $341,124 | $660,717 | $666,074 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Represents less than 0.01%. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Assets: | |
Investment in repurchase agreements | $1,305,000,040 |
Investment in securities | 1,961,438,743 |
Investment in securities, at amortized cost and fair value | 3,266,438,783 |
Cash | 616,553 |
Income receivable | 2,755,957 |
Receivable for investments sold | 124,500,000 |
Receivable for shares sold | 2,919,944 |
Total Assets | 3,397,231,237 |
Liabilities: | |
Payable for investments purchased | 24,841,754 |
Payable for shares redeemed | 3,254,794 |
Payable for investment adviser fee (Note 5) | 4,923 |
Payable for administrative fee (Note 5) | 21,626 |
Accrued expenses (Note 5) | 436,555 |
Total Liabilities | 28,559,652 |
Net assets for 3,368,667,926 shares outstanding | $3,368,671,585 |
Net Assets Consist of: | |
Paid-in capital | $3,368,667,956 |
Total distributable earnings (loss) | 3,629 |
Total Net Assets | $3,368,671,585 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$1,917,435,982 ÷ 1,917,433,899 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$814,002,276 ÷ 814,001,392 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$637,233,327 ÷ 637,232,635 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Investment Income: | |
Interest | $3,232,166 |
Expenses: | |
Investment adviser fee (Note 5) | 3,485,011 |
Administrative fee (Note 5) | 1,358,709 |
Custodian fees | 61,224 |
Transfer agent fees (Note 2) | 607,834 |
Directors’/Trustees’ fees (Note 5) | 8,415 |
Auditing fees | 10,788 |
Legal fees | 5,429 |
Portfolio accounting fees | 105,012 |
Distribution services fee (Note 5) | 3,298,178 |
Other service fees (Notes 2 and 5) | 1,782,659 |
Share registration costs | 104,683 |
Printing and postage | 44,210 |
Miscellaneous (Note 5) | 37,367 |
TOTAL EXPENSES | 10,909,519 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 5) | (2,217,032) |
Waivers/reimbursements of other operating expenses (Notes 2 and 5) | (5,587,493) |
TOTAL WAIVERS AND REIMBURSEMENTS | (7,804,525) |
Net expenses | 3,104,994 |
Net investment income | 127,172 |
Net realized gain on investments | 3,046 |
Change in net assets resulting from operations | $130,218 |
Six Months Ended (unaudited) 1/31/2021 | Year Ended 7/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income (loss) | $127,172 | $25,910,767 |
Net realized gain (loss) | 3,046 | (83) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 130,218 | 25,910,684 |
Distributions to Shareholders: | ||
Institutional Shares | (128,157) | (19,382,104) |
Cash II Shares | (678) | (3,570,879) |
Cash Series Shares | (544) | (2,961,708) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (129,379) | (25,914,691) |
Share Transactions: | ||
Proceeds from sale of shares | 2,759,021,223 | 8,228,831,024 |
Net asset value of shares issued to shareholders in payment of distributions declared | 66,790 | 17,986,513 |
Cost of shares redeemed | (3,128,420,829) | (6,941,299,302) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (369,332,816) | 1,305,518,235 |
Change in net assets | (369,331,977) | 1,305,514,228 |
Net Assets: | ||
Beginning of period | 3,738,003,562 | 2,432,489,334 |
End of period | $3,368,671,585 | $3,738,003,562 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Institutional Shares | $13,595 | $(19) | $— |
Cash II Shares | 336,230 | (161,856) | (126,781) |
Cash Series Shares | 258,009 | (218,000) | — |
TOTAL | $607,834 | $(379,875) | $(126,781) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Cash II Shares | $985,627 | $— | $(985,627) |
Cash Series Shares | 797,032 | (194) | (796,838) |
TOTAL | $1,782,659 | $(194) | $(1,782,465) |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 1,372,825,229 | $1,372,825,229 | 4,914,376,100 | $4,914,376,100 |
Shares issued to shareholders in payment of distributions declared | 65,594 | 65,594 | 11,558,717 | 11,558,717 |
Shares redeemed | (1,789,594,432) | (1,789,594,432) | (3,936,187,018) | (3,936,187,018) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (416,703,609) | $(416,703,609) | 989,747,799 | $989,747,799 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 476,327,790 | $476,327,790 | 928,282,811 | $928,282,811 |
Shares issued to shareholders in payment of distributions declared | 656 | 656 | 3,500,102 | 3,500,102 |
Shares redeemed | (412,444,164) | (412,444,164) | (773,508,199) | (773,508,199) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | 63,884,282 | $63,884,282 | 158,274,714 | $158,274,714 |
Six Months Ended 1/31/2021 | Year Ended 7/31/2020 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 909,868,204 | $909,868,204 | 2,386,172,113 | $2,386,172,113 |
Shares issued to shareholders in payment of distributions declared | 540 | 540 | 2,927,694 | 2,927,694 |
Shares redeemed | (926,382,233) | (926,382,233) | (2,231,604,085) | (2,231,604,085) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | (16,513,489) | $(16,513,489) | 157,495,722 | $157,495,722 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (369,332,816) | $(369,332,816) | 1,305,518,235 | $1,305,518,235 |
Short-Term | Long-Term | Total |
$— | $83 | $83 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Cash II Shares | 0.35% |
Cash Series Shares | 0.60% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Cash II Shares | $1,383,276 | $(1,383,276) |
Cash Series Shares | 1,914,902 | (1,914,902) |
TOTAL | $3,298,178 | $(3,298,178) |
Beginning Account Value 8/1/2020 | Ending Account Value 1/31/2021 | Expenses Paid During Period1 | |
Actual: | |||
Institutional Shares | $1,000 | $1,000.10 | $20.86 |
Cash II Shares | $1,000 | $1,000.00 | $30.91 |
Cash Series Shares | $1,000 | $1,000.00 | $40.91 |
Hypothetical (assuming a 5% return before expenses): | |||
Institutional Shares | $1,000 | $1,024.35 | $20.87 |
Cash II Shares | $1,000 | $1,024.30 | $30.92 |
Cash Series Shares | $1,000 | $1,024.30 | $40.92 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Institutional Shares | 0.17% |
Cash II Shares | 0.18% |
Cash Series Shares | 0.18% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash II Shares current Fee Limit of 0.90% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $4.54 and $4.58, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash Series Shares current Fee Limit of 1.05% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $5.29 and $5.35, respectively. |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 608919551
CUSIP 608919569
Item 2. | Code of Ethics |
Not Applicable
Item 3. | Audit Committee Financial Expert |
Not Applicable
Item 4. | Principal Accountant Fees and Services |
Not Applicable
Item 5. | Audit Committee of Listed Registrants |
Not Applicable
Item 6. | Schedule of Investments |
(a) The registrant’s Schedule of Investments is included as part of the Report to Stockholders filed under Item 1 of this form.
(b) Not Applicable; Fund had no divestments during the reporting period covered since the previous Form N-CSR filing.
Item 7. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies |
Not Applicable
Item 8. | Portfolio Managers of Closed-End Management Investment Companies |
Not Applicable
Item 9. | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers |
Not Applicable
Item 10. | Submission of Matters to a Vote of Security Holders |
No Changes to Report
Item 11. | Controls and Procedures |
(a) The registrant’s President and Treasurer have concluded that the
registrant’s disclosure controls and procedures (as defined in rule 30a-3(c) under the Act) are effective in design and operation and are sufficient to form the basis of the certifications required by Rule 30a-(2) under the Act, based on their evaluation of these disclosure controls and procedures within 90 days of the filing date of this report on Form N-CSR.
(b) There were no changes in the registrant’s internal control over financial reporting (as defined in rule 30a-3(d) under the Act) during the registrant’s most recent fiscal half-year (the registrant’s second fiscal half-year in the case of an annual report) that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 12. | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies |
Not Applicable
Item 13. | Exhibits |
(a)(1) Code of Ethics- Not Applicable to this Report.
(a)(2) Certifications of Principal Executive Officer and Principal Financial Officer.
(a)(3) Not Applicable.
(b) Certifications pursuant to 18 U.S.C. Section 1350.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Registrant Federated Hermes Money Market Obligations Trust
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date March 24, 2021
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By /S/ J. Christopher Donahue
J. Christopher Donahue
Principal Executive Officer
Date March 24, 2021
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date March 24, 2021