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: 10/31/21
Date of Reporting Period: Six months ended 04/30/21
Item 1. Reports to Stockholders
Share Class | Ticker | Wealth | CAIXX | Service | CACXX | Cash II | CALXX |
Cash Series | CCSXX | Capital | CCCXX |
Federated Hermes California Municipal Cash Trust
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Variable Rate Demand Instruments | 64.6% |
Commercial Paper | 25.0% |
Municipal Notes | 10.3% |
Other Assets and Liabilities—Net2 | 0.1% |
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 | 55.9% |
8-30 Days | 3.2% |
31-90 Days | 28.4% |
91-180 Days | 10.5% |
181 Days or more | 1.9% |
Other Assets and Liabilities—Net2 | 0.1% |
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 | Value | ||
1 | SHORT-TERM MUNICIPALS— 99.9% | ||
California— 99.9% | |||
$ 1,360,000 | ABAG Finance Authority for Non-Profit Corporations, CA (Ecology Action of Santa Cruz), (Series 2010) Weekly VRDNs, (Comerica Bank LOC), 0.090%, 5/6/2021 | $1,360,000 | |
2,620,000 | Alameda County, CA IDA (Santini Foods, Inc.), (Series 2010A) Weekly VRDNs, (Comerica Bank LOC), 0.110%, 5/6/2021 | 2,620,000 | |
335,000 | Alameda County, CA IDA Recovery Zone Facility (Dale Hardware, Inc.), (Series 2010) Weekly VRDNs, (Comerica Bank LOC), 0.110%, 5/6/2021 | 335,000 | |
9,960,000 | Alvord, CA USD, Tender Option Bond Trust Certificates (2016-XG0089) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Credit Suisse AG LIQ), 0.140%, 5/6/2021 | 9,960,000 | |
3,200,000 | Antelope Valley, CA CCD, Tender Option Bond Trust Receipts (Series 2020-XF0894) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.080%, 5/6/2021 | 3,200,000 | |
4,400,000 | California Enterprise Development Authority (Humane Society Silicon Valley), (Series 2008) Weekly VRDNs, (FHLB of San Francisco LOC), 0.090%, 5/6/2021 | 4,400,000 | |
3,365,000 | Banning, CA USD, Tender Option Bond Trust Certificates (Series 2017-XF2440) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.110%, 5/6/2021 | 3,365,000 | |
9,000,000 | Bay Area Toll Authority, CA, Tender Option Bond Trust Receipts (Series 2017-ZM0542) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 9,000,000 | |
4,000,000 | Beaumont, CA Public Improvement Authority, Tender Option Bond Trust Certificates (Series 2018-ZF2715) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.110%, 5/6/2021 | 4,000,000 | |
3,320,000 | Calexico, CA USD, Tender Option Bond Trust Certificates (2017-XG0118) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.110%, 5/6/2021 | 3,320,000 | |
5,000,000 | California Community College Financing Authority, (Series B) TRANs, 2.000%, 1/31/2022 | 5,069,762 | |
4,920,000 | California Education Notes Program (San Mateo, CA Union High School District), (Series A) TRANs, 4.000%, 6/30/2021 | 4,950,712 | |
1,200,000 | California Educational Facilities Authority (Stanford University), (Series S-4), CP, 0.250%, Mandatory Tender 7/20/2021 | 1,200,000 | |
16,200,000 | California Enterprise Development Authority (Regional Properties, Inc.), (Series 2010: Recovery Zone Facility) Weekly VRDNs, (FHLB of San Francisco LOC), 0.100%, 5/6/2021 | 16,200,000 | |
52,245,000 | California Health Facilities Financing Authority (Dignity Health (Catholic Healthcare West)), Golden Blue (Series 2017-004) VRENs, (Barclays Bank PLC LIQ)/(Barclays Bank PLC LOC), 0.180%, 5/6/2021 | 52,245,000 | |
21,000,000 | California Health Facilities Financing Authority (Kaiser Permanente), (Series 2006D), CP, 0.180%, Mandatory Tender 8/5/2021 | 21,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 5,000,000 | California Health Facilities Financing Authority (Kaiser Permanente), RBC Muni Products (Series G-44) TOBs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.210%, Optional Tender 5/3/2021 | $5,000,000 | |
4,180,000 | California Health Facilities Financing Authority (Lucile Salter Packard Children’s Hospital at Stanford), Tender Option Bond Trust Receipts (2016-XF0451) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 4,180,000 | |
2,295,000 | California Health Facilities Financing Authority (Providence St. Joseph Health), Tender Option Bond Trust Receipts (Series 2018-XM0696) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 2,295,000 | |
5,000,000 | California Health Facilities Financing Authority (Stanford Health Care), (2008 Series B-2 Subseries 2), CP, 0.240%, Mandatory Tender 5/5/2021 | 5,000,000 | |
1,500,000 | California Health Facilities Financing Authority (Stanford Health Care), (2008 Series B-2) TOBs, 0.120%, Mandatory Tender 6/15/2021 | 1,500,000 | |
11,890,000 | California Health Facilities Financing Authority (Sutter Health), Tender Option Bond Trust Receipts (Series 2018-XF0622) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.200%, 5/6/2021 | 11,890,000 | |
3,380,000 | California HFA Multi-Family (Hope on Broadway LP), Tender Option Bond Trust Receipts (2021-XF2928) Weekly VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.260%, 5/6/2021 | 3,380,000 | |
3,970,000 | California Infrastructure & Economic Development Bank (Los Angeles Society for the Prevention of Cruelty to Animals), (Series 2002A) Weekly VRDNs, (Bank of New York Mellon, N.A. LOC), 0.090%, 5/6/2021 | 3,970,000 | |
8,970,000 | California Infrastructure & Economic Development Bank (St. Margaret of Scotland Episcopal School), (Series 2008) Monthly VRDNs, (FHLB of San Francisco LOC), 0.250%, 5/1/2021 | 8,970,000 | |
2,150,000 | California PCFA (Big Bear Disposal, Inc.), (Series 2010) Weekly VRDNs, (MUFG Union Bank, N.A. LOC), 0.130%, 5/5/2021 | 2,150,000 | |
18,830,000 | California State Municipal Finance Authority (Montague Parkway Associates LP), Tender Option Bond Trust Floater Certificates (2020-MIZ9041) Weekly VRDNs, (GTD by FHLMC)/(Mizuho Bank Ltd. LIQ), 0.120%, 5/6/2021 | 18,830,000 | |
2,235,000 | California State University (The Trustees of), Tender Option Bond Trust Receipts (Series 2018-ZF0673) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 2,235,000 | |
2,000,000 | California State, RBC Muni Products, Inc. Trust Floater Certificates (Series G-1) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.070%, 5/6/2021 | 2,000,000 | |
4,000,000 | California State, RBC Muni Products, Inc. Trust Floater Certificates (Series G-2) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.070%, 5/6/2021 | 4,000,000 | |
2,220,000 | California State, Tender Option Bond Trust Receipts (Series 2020-XF0924) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.080%, 5/6/2021 | 2,220,000 | |
2,000,000 | California State, Tender Option Bond Trust Receipts (Series 2020-XF0933) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.080%, 5/6/2021 | 2,000,000 | |
1,360,000 | California State, Tender Option Bond Trust Receipts (Series 2020-XF0935) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 1,360,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 2,000,000 | California State, Tender Option Bond Trust Receipts (Series 2020-XF0953) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.080%, 5/6/2021 | $2,000,000 | |
2,225,000 | California State, Tender Option Bond Trust Receipts (Series 2020-XM0848) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 2,225,000 | |
3,185,000 | California State, Tender Option Bond Trust Receipts (Series 2020-XM0849) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 3,185,000 | |
3,220,000 | California State, Tender Option Bond Trust Receipts (Series 2020-ZF0932) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 3,220,000 | |
20,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2004E), CP, 0.150%, Mandatory Tender 9/2/2021 | 20,000,000 | |
3,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2008B), CP, 0.160%, Mandatory Tender 8/12/2021 | 3,000,000 | |
5,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2008B), CP, 0.160%, Mandatory Tender 8/4/2021 | 5,000,000 | |
16,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2008B), CP, 0.220%, Mandatory Tender 6/8/2021 | 16,000,000 | |
25,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2009B-1), CP, 0.160%, Mandatory Tender 9/8/2021 | 25,000,000 | |
12,500,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2009B-4), CP, 0.170%, Mandatory Tender 10/7/2021 | 12,500,000 | |
15,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2009D), CP, 0.220%, Mandatory Tender 6/8/2021 | 15,000,000 | |
6,150,000 | California Statewide Communities Development Authority (Pacific Collegiate Foundation), (Series 2016) Weekly VRDNs, (Comerica Bank LOC), 0.090%, 5/6/2021 | 6,150,000 | |
5,600,000 | California Statewide Communities Development Authority MFH (Beaumont CA Leased Housing Associates I, LP), (2010 Series B: Mountain View Apartments) Weekly VRDNs, (FHLMC LOC), 0.120%, 5/6/2021 | 5,600,000 | |
37,500,000 | California Statewide Communities Development Authority MFH (Uptown Newport Building Owner, LP), (2017 Series AA: Uptown Newport Apartments) Weekly VRDNs, (Comerica Bank LOC), 0.140%, 5/6/2021 | 37,500,000 | |
5,200,000 | California Statewide Communities Development Authority MFH (Uptown Newport Building Owner, LP), (2017 Series BB: Uptown Newport Apartments) Weekly VRDNs, (FHLB of Des Moines LOC)/(FHLB of San Francisco LOC), 0.110%, 5/6/2021 | 5,200,000 | |
7,500,000 | Central Basin Municipal Water District, CA, Tender Option Bond Trust Certificates (2016-XG0038) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.140%, 5/6/2021 | 7,500,000 | |
3,600,000 | Central, CA Union High School District, Tender Option Bond Trust Receipts (Series 2019-XF0759) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.100%, 5/6/2021 | 3,600,000 | |
3,040,000 | Central, CA USD, Tender Option Bond Trust Receipts (Series 2019-XF0758) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.100%, 5/6/2021 | 3,040,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 2,000,000 | Chino Valley, CA USD, Tender Option Bond Trust Receipts (Series 2020-XF0922) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.080%, 5/6/2021 | $2,000,000 | |
7,900,000 | Coast CCD, CA, (Series 2018 G-7) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.070%, 5/6/2021 | 7,900,000 | |
8,000,000 | Compton, CA USD, Tender Option Bond Trust Receipts (2019-XM0764) Weekly VRDNs, (Build America Mutual Assurance INS)/(Royal Bank of Canada LIQ), 0.110%, 5/6/2021 | 8,000,000 | |
4,655,000 | Davis Joint USD, CA, Tender Option Bond Trust Certificates (Series 2019-XM0730) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Barclays Bank PLC LIQ), 0.110%, 5/6/2021 | 4,655,000 | |
2,105,000 | Elk Grove, CA USD, Tender Option Bond Trust Receipts (Series 2017-XG0127) Weekly VRDNs, (Bank of America N.A. LIQ), 0.090%, 5/6/2021 | 2,105,000 | |
2,000,000 | Escondido, CA, RBC Muni Products (Series G-77) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.070%, 5/6/2021 | 2,000,000 | |
13,710,000 | Folsom Cordova, CA USD (School Facilities Improvement District No. 3), Tender Option Bond Trust Certificates (Series 2019-XM0744) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.100%, 5/6/2021 | 13,710,000 | |
8,875,000 | Foothill/Eastern Transportation Corridor Agency, CA, Tender Option Bond Trust Certificates (2019-XL011) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Barclays Bank PLC LIQ), 0.110%, 5/6/2021 | 8,875,000 | |
2,000,000 | Grossmont-Cuyamaca, CA CCD, Tender Option Bond Trust Receipts (Series 2018-XG0188) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.090%, 5/6/2021 | 2,000,000 | |
825,000 | Hollister, CA Redevelopment Agency (San Benito County Community Services Development Corp.), (Series 2004) Weekly VRDNs, (MUFG Union Bank, N.A. LOC), 0.110%, 5/6/2021 | 825,000 | |
1,875,000 | Long Beach, CA Harbor Department (Port of Long Beach), Revenue Notes (Series 2020C), 4.000%, 7/15/2021 | 1,889,592 | |
1,875,000 | Long Beach, CA Harbor Department (Port of Long Beach), Tender Option Bond Trust Receipts (Series 2020-XM0865) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 1,875,000 | |
5,000,000 | Los Altos, CA School District TRANs, 3.000%, 7/15/2021 | 5,028,775 | |
5,950,000 | Los Angeles County, CA Capital Asset Leasing Corporation, (Series C), CP, (Wells Fargo Bank, N.A. LOC), 0.120%, Mandatory Tender 6/2/2021 | 5,950,000 | |
2,250,000 | Los Angeles County, CA Facilities, Inc. (Los Angeles County, CA), Tender Option Bond Trust Receipts (2019-XM0750) Weekly VRDNs, (Bank of America N.A. LIQ), 0.120%, 5/6/2021 | 2,250,000 | |
34,770,000 | Los Angeles County, CA Housing Authority MFH (The Solemint Heights Partnership), Tender Option Bond Trust Floater Certificates (Series 2020-MIZ9039) Weekly VRDNs, (GTD by FHLMC)/(Mizuho Bank Ltd. LIQ), 0.120%, 5/6/2021 | 34,770,000 | |
5,000,000 | Los Angeles County, CA Metropolitan Transportation Authority, (Second Subordinate Sales Tax Revenue, Series A-TE-Barclays) (Proposition A), CP, (Barclays Bank PLC LOC), 0.110%, Mandatory Tender 6/1/2021 | 5,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 5,000,000 | Los Angeles County, CA Metropolitan Transportation Authority, (Series R-TE- State Street), CP, (State Street Bank and Trust Co. LOC), 0.110%, Mandatory Tender 5/5/2021 | $5,000,000 | |
7,000,000 | Los Angeles County, CA Schools Financing Program, (Series C-3) TRANs, 2.000%, 12/30/2021 | 7,085,442 | |
5,790,000 | Los Angeles County, CA Schools Financing Program, 2020-21 Pooled TRAN Participation Certificates (Series B-3) TRANs, 2.000%, 12/30/2021 | 5,862,664 | |
8,230,000 | Los Angeles County, CA, (Series A) TRANs, 4.000%, 6/30/2021 | 8,280,507 | |
6,025,000 | Los Angeles County, CA, Tender Option Bond Trust Receipts (Series 2015-ZF0183) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.090%, 5/6/2021 | 6,025,000 | |
3,000,000 | Los Angeles, CA Department of Water & Power (Water Works/System), Tender Option Bond Trust Receipts (Series 2017-XG0121) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 3,000,000 | |
740,000 | Los Angeles, CA MFH Revenue Bonds (Hope on Broadway LP), Tender Option Bond Trust Receipts (Series 2021-XF2929) Weekly VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.260%, 5/6/2021 | 740,000 | |
2,885,000 | Los Angeles, CA USD, Tender Option Bond Trust Receipts (Series 2018-XM0703) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.080%, 5/6/2021 | 2,885,000 | |
4,985,000 | Lucia Mar, CA USD, Tender Option Bond Trust Receipts (Series 2018-XG0181) Weekly VRDNs, (Bank of America N.A. LIQ), 0.090%, 5/6/2021 | 4,985,000 | |
6,670,000 | Manteca, CA USD, Tender Option Bond Trust Certificates (2015-ZM0093) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.100%, 5/6/2021 | 6,670,000 | |
3,000,000 | Mountain House, CA Financing Authority (Mountain House, CA Community Services District), Tender Option Bond Trust Receipts (Series 2020-ZF2921) Weekly VRDNs, (Build America Mutual Assurance INS)/(Morgan Stanley Bank, N.A. LIQ), 0.140%, 5/6/2021 | 3,000,000 | |
3,000,000 | Municipal Improvement Corporation of Los Angeles, CA, (Series A-2), CP, (Bank of America N.A. LOC), 0.250%, Mandatory Tender 5/27/2021 | 3,000,000 | |
7,000,000 | Municipal Improvement Corporation of Los Angeles, CA, (Series A-3), CP, (U.S. Bank, N.A. LOC), 0.130%, Mandatory Tender 7/20/2021 | 7,000,000 | |
4,845,000 | New Haven, CA USD, Tender Option Bond Trust Receipts (Series 2020-XF0893) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.090%, 5/6/2021 | 4,845,000 | |
2,490,000 | Norwalk-La Mirada, CA USD, Tender Option Bond Trust Receipts (Series 2020-XM0810) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.090%, 5/6/2021 | 2,490,000 | |
27,700,000 | Nuveen California AMT-Free Quality Municipal Income Fund, (Series 3) Weekly VRDPs, (Toronto Dominion Bank LIQ), 0.100%, 5/6/2021 | 27,700,000 | |
2,000,000 | Nuveen California AMT-Free Quality Municipal Income Fund, (Series 4) Weekly VRDPs, (Citibank N.A., New York LIQ), 0.090%, 5/6/2021 | 2,000,000 | |
24,500,000 | Nuveen California AMT-Free Quality Municipal Income Fund, (Series 6) Weekly VRDPs, (Sumitomo Mitsui Banking Corp. LIQ), 0.090%, 5/6/2021 | 24,500,000 | |
3,000,000 | Oakland, CA, Tender Option Bond Receipts (Series 2020-XF0898) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.080%, 5/6/2021 | 3,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 2,505,000 | Oxnard, CA School District, (Series 2018 G-8) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.070%, 5/6/2021 | $2,505,000 | |
1,190,000 | Pittsburg, CA USD, Tender Option Bond Trust Receipts (Series 2017-XF0578) Weekly VRDNs, (TD Bank, N.A. LIQ), 0.110%, 5/6/2021 | 1,190,000 | |
11,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2008C), CP, 0.110%, Mandatory Tender 5/6/2021 | 11,000,000 | |
10,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2009B-2), CP, 0.180%, Mandatory Tender 7/13/2021 | 10,000,000 | |
700,000 | River Islands, CA Public Financing Authority, Tender Option Bond Trust Floater Certificates (2019-MIZ9003) Weekly VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.260%, 5/6/2021 | 700,000 | |
10,500,000 | Riverside County, CA Public Financing Authority (Riverside County, CA), Tender Option Bond Trust Receipt (2017-ZF0538) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.160%, 5/6/2021 | 10,500,000 | |
5,000,000 | Riverside County, CA TRANs, 4.000%, 6/30/2021 | 5,030,486 | |
12,000,000 | Riverside County, CA, Teeter Plan Obligation Notes (2020 Series A) BANs, 0.500%, 10/21/2021 | 12,013,025 | |
1,425,000 | Sacramento County, CA HDA (Shiloh Arms Partners LP), Mizuho 3a-7 (Series 2021 MIZ9058) VRENs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.360%, 5/6/2021 | 1,425,000 | |
2,000,000 | Sacramento, CA Area Flood Control Agency Consolidated Capital Assessment District No. 2, RBC Muni Products (Series G-118) TOBs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.210%, Optional Tender 10/1/2021 | 2,000,000 | |
6,000,000 | Sacramento, CA Municipal Utility District, Tender Option Bond Trust Receipts (Series 2020-ZF0943) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.080%, 5/6/2021 | 6,000,000 | |
2,077,000 | San Bernardino, CA CCD, Tender Option Bond Trust Receipts (Series 2019-XF0786) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.110%, 5/6/2021 | 2,077,000 | |
20,000,000 | San Diego County, CA Water Authority, Commercial Paper Notes (Series 10), CP, 0.130%, Mandatory Tender 6/23/2021 | 20,000,000 | |
10,000,000 | San Diego County, CA Water Authority, Commercial Paper Notes (Series 10), CP, 0.140%, Mandatory Tender 7/6/2021 | 10,000,000 | |
750,000 | San Diego, CA Housing Authority (220 W Broadway Development Partners, L.P.), (Series 2020 F: Courthouse Commons) Weekly VRDNs, (Mizuho Bank Ltd. LOC), 0.070%, 5/5/2021 | 750,000 | |
4,800,000 | San Diego, CA USD, (Series A) TRANs, 5.000%, 6/30/2021 | 4,837,934 | |
3,000,000 | San Diego, CA USD, RBC Muni Products (Series 2018-G51) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.070%, 5/6/2021 | 3,000,000 | |
5,724,000 | San Diego, CA Water Utility Fund, (Series B), CP, (Bank of America N.A. LOC), 0.130%, Mandatory Tender 6/23/2021 | 5,724,000 | |
27,083,000 | San Francisco, CA Public Utilities Commission (Wastewater Enterprise), (Series A-2), CP, (Bank of America N.A. LOC), 0.140%, Mandatory Tender 5/12/2021 | 27,083,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 3,330,000 | San Francisco, CA Public Utilities Commission (Water Enterprise), Tender Option Bond Trust Receipts (Series 2018-XF0607) Weekly VRDNs, (TD Bank, N.A. LIQ), 0.080%, 5/6/2021 | $3,330,000 | |
2,230,000 | San Mateo County, CA CCD, Tender Option Bond Trust Certificates (Series 2018-XM0712) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.090%, 5/6/2021 | 2,230,000 | |
923,000 | Santa Barbara, CA USD, Tender Option Bond Trust Receipts (Series 2019-XF0791) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.110%, 5/6/2021 | 923,000 | |
5,000,000 | Santa Clara Valley, CA Water District, (Series A), CP, (MUFG Bank Ltd. LOC), 0.110%, Mandatory Tender 6/1/2021 | 5,000,000 | |
3,000,000 | Sonoma County, CA Junior College District, (Series 2018 G-6) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.070%, 5/6/2021 | 3,000,000 | |
4,000,000 | South Coast, CA Water District, Tender Option Bond Trust Certificates (Series 2020-XL0151) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.090%, 5/6/2021 | 4,000,000 | |
2,410,000 | Southwestern CCD, CA, Tender Option Bond Trust Receipts (Series 2015-ZF0250) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.090%, 5/6/2021 | 2,410,000 | |
4,750,000 | Sweetwater, CA Union High School District, RBC Muni Products, Inc. Trust (Series G-95) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.070%, 5/6/2021 | 4,750,000 | |
13,700,000 | California Statewide Communities Development Authority (Kaiser Permanente), Tender Option Bond Trust Receipts (Series 2015-ZF0199) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.080%, 5/6/2021 | 13,700,000 | |
8,490,000 | Twin Rivers, CA USD, Tender Option Bond Trust Certificates (Series 2017-XF2442) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.110%, 5/6/2021 | 8,490,000 | |
10,000,000 | University of California (The Regents of), Tender Option Bond Trust Certificates (Series 2018-ZF2670) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.090%, 5/6/2021 | 10,000,000 | |
2,675,000 | University of California (The Regents of), Tender Option Bond Trust Receipts (2016-XF0524) Weekly VRDNs, (TD Bank, N.A. LIQ), 0.090%, 5/6/2021 | 2,675,000 | |
10,935,000 | University of California (The Regents of), Tender Option Bond Trust Receipts (Series 2015-ZF0194) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.080%, 5/6/2021 | 10,935,000 | |
1,500,000 | University of California (The Regents of), Tender Option Bond Trust Receipts (Series 2018-ZM0660) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 1,500,000 | |
2,220,000 | University of California (The Regents of), Tender Option Bond Trust Receipts (Series 2020-XF0921) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.090%, 5/6/2021 | 2,220,000 | |
2,000,000 | Hayward, CA USD, Tender Option Bond Trust Receipts (2017-XF0545) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Bank of America N.A. LIQ), 0.090%, 5/6/2021 | 2,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 6,800,000 | Victor Valley, CA CCD, Tender Option Bond Trust Receipts (Series 2020-XM0864) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.080%, 5/6/2021 | $6,800,000 | |
8,675,000 | Visalia, CA USD, Floater Certificates (Series 2018-ZM0657) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.110%, 5/6/2021 | 8,675,000 | |
20,880,000 | Whittier, CA Health Facility Revenue Bonds (Presbyterian Intercommunity Hospital Obligated Group), Golden Blue 3a-7 (Series 2018-030) VRENs, (Barclays Bank PLC LIQ)/(Barclays Bank PLC LOC), 0.180%, 5/6/2021 | 20,880,000 | |
9,500,000 | Metropolitan Water District of Southern California, (Series 2017 C) SIFMA Index Mode TOBs, 0.310%, Mandatory Tender 6/21/2021 | 9,500,936 | |
3,350,000 | Yosemite, CA CCD, RBC Muni Products (Series 2018-G50) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.070%, 5/6/2021 | 3,350,000 | |
5,087,000 | Yosemite, CA CCD, Tender Option Bond Trust Receipts (Series 2019-XF0772) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.080%, 5/6/2021 | 5,087,000 | |
20,000,000 | Metropolitan Water District of Southern California, (Series 2017 D) SIFMA Index Mode TOBs, 0.310%, Mandatory Tender 6/21/2021 | 20,000,000 | |
2,400,000 | Pomona, CA USD, Tender Option Bond Trust Certificates (Series 2017-XF2446) Weekly VRDNs, (Build America Mutual Assurance INS)/(Citibank N.A., New York LIQ), 0.090%, 5/6/2021 | 2,400,000 | |
25,000,000 | San Francisco, CA City and County (Transbay Block 8 Tower Apartments Obligated Group), Mizuho 3a-7 (2021-MIZ9063) VRENs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.310%, 5/6/2021 | 25,000,000 | |
1,585,000 | Western Placer, CA USD, Tender Option Bond Trust Receipts (Series 2017-XG0152) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Barclays Bank PLC LIQ), 0.110%, 5/6/2021 | 1,585,000 | |
TOTAL INVESTMENT IN SECURITIES—99.9% (AT AMORTIZED COST)2 | 952,103,835 | ||
OTHER ASSETS AND LIABILITIES - NET—0.1%3 | 1,162,060 | ||
TOTAL NET ASSETS—100% | $953,265,895 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. 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. |
2 | Also represents cost for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
BANs | —Bond Anticipation Notes | |
CCD | —Community College District | |
CP | —Commercial Paper | |
FHLB | —Federal Home Loan Bank | |
FHLMC | —Federal Home Loan Mortgage Corporation | |
GTD | —Guaranteed | |
HDA | —Hospital Development Authority | |
HFA | —Housing Finance Authority | |
IDA | —Industrial Development Authority | |
INS | —Insured | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
MFH | —Multi-Family Housing | |
PCFA | —Pollution Control Finance Authority | |
SIFMA | —Securities Industry and Financial Markets Association | |
TOBs | —Tender Option Bonds | |
TRANs | —Tax and Revenue Anticipation Notes | |
USD | —Unified School District | |
VRDNs | —Variable Rate Demand Notes | |
VRDPs | —Variable Rate Demand Preferreds | |
VRENs | —Variable Rate Extendible Notes |
Six Months Ended (unaudited) 4/30/2021 | Year Ended October 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 | 0.011 | 0.006 | 0.002 |
Net realized gain (loss) | 0.0001 | 0.0001 | (0.000)1 | (0.000)1 | 0.0001 | 0.003 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.005 | 0.013 | 0.011 | 0.006 | 0.005 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.005) | (0.013) | (0.011) | (0.006) | (0.002) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.003) |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.005) | (0.013) | (0.011) | (0.006) | (0.005) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.02% | 0.53% | 1.28% | 1.10% | 0.56% | 0.49% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.15%4 | 0.27% | 0.28% | 0.28% | 0.28% | 0.18%5 |
Net investment income | 0.01%4 | 0.54% | 1.25% | 1.10% | 0.58% | 0.12% |
Expense waiver/reimbursement6 | 0.28%4 | 0.15% | 0.14% | 0.19% | 0.29% | 0.39% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $448,300 | $584,821 | $678,115 | $372,325 | $156,974 | $54,046 |
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 | The net expense ratio is calculated without reduction for expense offset arrangements. The net expense ratio for the year ended October 31, 2016 was 0.18% after taking into account this expense reduction. |
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) 4/30/2021 | Year Ended October 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 | 0.010 | 0.008 | 0.003 | 0.001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.003 |
Total From Investment Operations | 0.0001 | 0.004 | 0.010 | 0.008 | 0.003 | 0.004 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.004) | (0.010) | (0.008) | (0.003) | (0.001) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.003) |
Total Distributions | (0.000)1 | (0.004) | (0.010) | (0.008) | (0.003) | (0.004) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.02% | 0.38% | 1.03% | 0.85% | 0.31% | 0.37% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.15%4 | 0.41% | 0.53% | 0.53% | 0.53% | 0.31%5 |
Net investment income | 0.01%4 | 0.37% | 1.02% | 0.82% | 0.30% | 0.05% |
Expense waiver/reimbursement6 | 0.59%4 | 0.34% | 0.21% | 0.27% | 0.38% | 0.55% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $118,347 | $149,764 | $146,624 | $140,179 | $150,916 | $163,198 |
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 | The net expense ratio is calculated without reduction for expense offset arrangements. The net expense ratio for the year ended October 31, 2016 was 0.31% after taking into account this expense reduction. |
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) 4/30/2021 | Year Ended October 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 | 0.003 | 0.009 | 0.007 | 0.002 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | (0.000)1 | (0.000)1 | 0.0001 | 0.003 |
Total From Investment Operations | 0.0001 | 0.003 | 0.009 | 0.007 | 0.002 | 0.003 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.003) | (0.009) | (0.007) | (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 | (0.003) |
Total Distributions | (0.000)1 | (0.003) | (0.009) | (0.007) | (0.002) | (0.003) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.02% | 0.30% | 0.88% | 0.70% | 0.16% | 0.34% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.15%4 | 0.47% | 0.68% | 0.68% | 0.68% | 0.20%5 |
Net investment income | 0.01%4 | 0.28% | 0.87% | 0.68% | 0.16% | 0.01% |
Expense waiver/reimbursement6 | 0.80%4 | 0.50% | 0.28% | 0.34% | 0.42% | 0.90% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $246,620 | $262,597 | $207,071 | $15,140 | $8,242 | $6,170 |
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 | The net expense ratio is calculated without reduction for expense offset arrangements. The net expense ratio for the year ended October 31, 2016 was 0.20% after taking into account this expense reduction. |
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) 4/30/2021 | Year Ended October 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 | 0.001 | 0.006 | 0.003 | 0.0001 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | (0.001) | 0.0001 | 0.0001 | 0.003 |
Total From Investment Operations | 0.0001 | 0.001 | 0.005 | 0.003 | 0.0001 | 0.003 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.001) | (0.005) | (0.003) | (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 | (0.003) |
Total Distributions | (0.000)1 | (0.001) | (0.005) | (0.003) | (0.000)1 | (0.003) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.02% | 0.15% | 0.53% | 0.35% | 0.01% | 0.32% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.15%4 | 0.59% | 1.03% | 1.03% | 0.83% | 0.33%5 |
Net investment income | 0.01%4 | 0.16% | 0.56% | 0.32% | 0.01% | 0.01% |
Expense waiver/reimbursement6 | 1.20%4 | 0.76% | 0.34% | 0.40% | 0.70% | 1.18% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $28,322 | $33,558 | $21,190 | $38,713 | $51,752 | $55,103 |
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 | The net expense ratio is calculated without reduction for expense offset arrangements. The net expense ratio for the year ended October 31, 2016 was 0.33% after taking into account this expense reduction. |
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) 4/30/2021 | Year Ended October 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 | 0.012 | 0.010 | 0.005 | 0.001 |
Net realized gain (loss) | 0.0001 | 0.0001 | (0.000)1 | (0.000)1 | (0.000)1 | 0.003 |
Total From Investment Operations | 0.0001 | 0.005 | 0.012 | 0.010 | 0.005 | 0.004 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.005) | (0.012) | (0.010) | (0.005) | (0.001) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.003) |
Total Distributions | (0.000)1 | (0.005) | (0.012) | (0.010) | (0.005) | (0.004) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.02% | 0.46% | 1.18% | 1.00% | 0.46% | 0.43% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.15%4 | 0.32% | 0.38% | 0.38% | 0.38% | 0.24%5 |
Net investment income | 0.01%4 | 0.44% | 1.18% | 0.99% | 0.49% | 0.07% |
Expense waiver/reimbursement6 | 0.46%4 | 0.28% | 0.24% | 0.29% | 0.36% | 0.52% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $111,677 | $126,413 | $113,238 | $130,769 | $89,382 | $29,806 |
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 | The net expense ratio is calculated without reduction for expense offset arrangements. The net expense ratio for the year ended October 31, 2016 was 0.24% after taking into account this expense reduction. |
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 amortized cost and fair value | $952,103,835 |
Cash | 197,204 |
Income receivable | 1,216,565 |
Receivable for shares sold | 7,234 |
Total Assets | 953,524,838 |
Liabilities: | |
Payable for shares redeemed | 165,017 |
Income distribution payable | 425 |
Payable for investment adviser fee (Note 4) | 5,162 |
Payable for administrative fee (Note 4) | 2,045 |
Payable for portfolio accounting fees | 65,566 |
Payable for share registration costs | 20,045 |
Accrued expenses (Note 4) | 683 |
Total Liabilities | 258,943 |
Net assets for 953,141,755 shares outstanding | $953,265,895 |
Net Assets Consist of: | |
Paid-in capital | $953,141,720 |
Total distributable earnings (loss) | 124,175 |
Total Net Assets | $953,265,895 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Wealth Shares: | |
$448,299,565 ÷ 448,241,192 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$118,347,336 ÷ 118,331,928 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$246,619,863 ÷ 246,587,752 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$28,322,344 ÷ 28,318,646 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Capital Shares: | |
$111,676,787 ÷ 111,662,237 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Investment Income: | |
Interest | $852,406 |
Expenses: | |
Investment adviser fee (Note 4) | 1,616,252 |
Administrative fee (Note 4) | 421,283 |
Custodian fees | 17,634 |
Transfer agent fees (Note 2) | 229,461 |
Directors’/Trustees’ fees (Note 4) | 3,030 |
Auditing fees | 10,414 |
Legal fees | 16,820 |
Portfolio accounting fees | 97,062 |
Distribution services fee (Note 4) | 361,365 |
Other service fees (Notes 2 and 4) | 607,696 |
Share registration costs | 62,200 |
Printing and postage | 15,674 |
Miscellaneous (Note 4) | 6,350 |
TOTAL EXPENSES | 3,465,241 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 4) | (1,473,070) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (1,193,235) |
TOTAL WAIVERS AND REIMBURSEMENTS | (2,666,305) |
Net expenses | 798,936 |
Net investment income | 53,470 |
Net realized gain on investments | 103,468 |
Change in net assets resulting from operations | $156,938 |
Six Months Ended (unaudited) 4/30/2021 | Year Ended 10/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $53,470 | $5,612,216 |
Net realized gain (loss) | 103,468 | 133,432 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 156,938 | 5,745,648 |
Distributions to Shareholders: | ||
Wealth Shares | (92,695) | (3,903,676) |
Service Shares | (23,997) | (553,743) |
Cash II Shares | (44,532) | (728,760) |
Cash Series Shares | (5,157) | (50,511) |
Capital Shares | (20,902) | (507,383) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (187,283) | (5,744,073) |
Share Transactions: | ||
Proceeds from sale of shares | 536,276,777 | 1,894,350,274 |
Net asset value of shares issued to shareholders in payment of distributions declared | 136,709 | 5,344,740 |
Cost of shares redeemed | (740,270,508) | (1,908,780,546) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (203,857,022) | (9,085,532) |
Change in net assets | (203,887,367) | (9,083,957) |
Net Assets: | ||
Beginning of period | 1,157,153,262 | 1,166,237,219 |
End of period | $953,265,895 | $1,157,153,262 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Wealth Shares | $10,941 | $(6,041) | $— |
Service Shares | 45,581 | — | (44,273) |
Cash II Shares | 105,419 | — | (102,860) |
Cash Series Shares | 11,761 | — | (11,471) |
Capital Shares | 55,759 | — | (54,596) |
TOTAL | $229,461 | $(6,041) | $(213,200) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $171,813 | $— | $(171,813) |
Cash II Shares | 336,456 | — | (336,456) |
Cash Series Shares | 38,148 | (28) | (38,120) |
Capital Shares | 61,279 | (118) | (61,161) |
TOTAL | $607,696 | $(146) | $(607,550) |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Wealth Shares: | Shares | Amount | Shares | Amount |
Shares sold | 169,869,117 | $169,869,117 | 1,017,560,763 | $1,017,560,763 |
Shares issued to shareholders in payment of distributions declared | 46,609 | 46,609 | 3,613,285 | 3,613,285 |
Shares redeemed | (306,418,020) | (306,418,020) | (1,114,456,355) | (1,114,456,355) |
NET CHANGE RESULTING FROM WEALTH SHARE TRANSACTIONS | (136,502,294) | $(136,502,294) | (93,282,307) | $(93,282,307) |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 89,162,437 | $89,162,437 | 271,796,390 | $271,796,390 |
Shares issued to shareholders in payment of distributions declared | 19,704 | 19,704 | 460,247 | 460,247 |
Shares redeemed | (120,593,550) | (120,593,550) | (269,118,074) | (269,118,074) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (31,411,409) | $(31,411,409) | 3,138,563 | $3,138,563 |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 144,990,507 | $144,990,507 | 319,438,665 | $319,438,665 |
Shares issued to shareholders in payment of distributions declared | 44,531 | 44,531 | 728,408 | 728,408 |
Shares redeemed | (161,009,455) | (161,009,455) | (264,648,897) | (264,648,897) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | (15,974,417) | $(15,974,417) | 55,518,176 | $55,518,176 |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 39,707,551 | $39,707,551 | 110,727,202 | $110,727,202 |
Shares issued to shareholders in payment of distributions declared | 4,976 | 4,976 | 50,250 | 50,250 |
Shares redeemed | (44,947,091) | (44,947,091) | (98,411,147) | (98,411,147) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | (5,234,564) | $(5,234,564) | 12,366,305 | $12,366,305 |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 92,547,165 | $92,547,165 | 174,827,254 | $174,827,254 |
Shares issued to shareholders in payment of distributions declared | 20,889 | 20,889 | 492,550 | 492,550 |
Shares redeemed | (107,302,392) | (107,302,392) | (162,146,073) | (162,146,073) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (14,734,338) | $(14,734,338) | 13,173,731 | $13,173,731 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (203,857,022) | $(203,857,022) | (9,085,532) | $(9,085,532) |
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 | 0.20% |
Cash Series Shares | 0.60% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Cash II Shares | $269,760 | $(269,760) |
Cash Series Shares | 91,605 | (91,605) |
TOTAL | $361,365 | $(361,365) |
Beginning Account Value 11/1/2020 | Ending Account Value 4/30/2021 | Expenses Paid During Period1 | |
Actual: | |||
Wealth Shares | $21,000 | $1,000.20 | $20.74 |
Service Shares | $1,000 | $1,000.20 | $2, 30.74 |
Cash II Shares | $1,000 | $1,000.20 | $2, 40.74 |
Cash Series Shares | $1,000 | $1,000.20 | $2, 50.74 |
Capital Shares | $1,000 | $1,000.20 | $2, 60.74 |
Hypothetical (assuming a 5% return before expenses): | |||
Wealth Shares | $21,000 | $1,024.05 | $20.75 |
Service Shares | $1,000 | $1,024.05 | $30.75 |
Cash II Shares | $1,000 | $1,024.05 | $40.75 |
Cash Series Shares | $1,000 | $1,024.05 | $50.75 |
Capital Shares | $1,000 | $1,024.05 | $60.75 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Wealth Shares | 0.15% |
Service Shares | 0.15% |
Cash II Shares | 0.15% |
Cash Series Shares | 0.15% |
Capital Shares | 0.15% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Wealth Shares current Fee Limit of 0.28% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.39 and $1.41, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Service Shares current Fee Limit of 0.53% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.63 and $2.66, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash II Shares current Fee Limit of 0.68% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $3.37 and $3.41, respectively. |
5 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash Series Shares current Fee Limit of 1.03% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $5.11 and $5.17, respectively. |
6 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Capital Shares current Fee Limit of 0.38% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.88 and $1.91, respectively. |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N351
CUSIP 60934N179
CUSIP 608919403
CUSIP 608919502
Share Class | Ticker | Wealth | CAIXX |
Federated Hermes California Municipal Cash Trust
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Variable Rate Demand Instruments | 64.6% |
Commercial Paper | 25.0% |
Municipal Notes | 10.3% |
Other Assets and Liabilities—Net2 | 0.1% |
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 | 55.9% |
8-30 Days | 3.2% |
31-90 Days | 28.4% |
91-180 Days | 10.5% |
181 Days or more | 1.9% |
Other Assets and Liabilities—Net2 | 0.1% |
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 | Value | ||
1 | SHORT-TERM MUNICIPALS— 99.9% | ||
California— 99.9% | |||
$ 1,360,000 | ABAG Finance Authority for Non-Profit Corporations, CA (Ecology Action of Santa Cruz), (Series 2010) Weekly VRDNs, (Comerica Bank LOC), 0.090%, 5/6/2021 | $1,360,000 | |
2,620,000 | Alameda County, CA IDA (Santini Foods, Inc.), (Series 2010A) Weekly VRDNs, (Comerica Bank LOC), 0.110%, 5/6/2021 | 2,620,000 | |
335,000 | Alameda County, CA IDA Recovery Zone Facility (Dale Hardware, Inc.), (Series 2010) Weekly VRDNs, (Comerica Bank LOC), 0.110%, 5/6/2021 | 335,000 | |
9,960,000 | Alvord, CA USD, Tender Option Bond Trust Certificates (2016-XG0089) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Credit Suisse AG LIQ), 0.140%, 5/6/2021 | 9,960,000 | |
3,200,000 | Antelope Valley, CA CCD, Tender Option Bond Trust Receipts (Series 2020-XF0894) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.080%, 5/6/2021 | 3,200,000 | |
4,400,000 | California Enterprise Development Authority (Humane Society Silicon Valley), (Series 2008) Weekly VRDNs, (FHLB of San Francisco LOC), 0.090%, 5/6/2021 | 4,400,000 | |
3,365,000 | Banning, CA USD, Tender Option Bond Trust Certificates (Series 2017-XF2440) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.110%, 5/6/2021 | 3,365,000 | |
9,000,000 | Bay Area Toll Authority, CA, Tender Option Bond Trust Receipts (Series 2017-ZM0542) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 9,000,000 | |
4,000,000 | Beaumont, CA Public Improvement Authority, Tender Option Bond Trust Certificates (Series 2018-ZF2715) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.110%, 5/6/2021 | 4,000,000 | |
3,320,000 | Calexico, CA USD, Tender Option Bond Trust Certificates (2017-XG0118) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.110%, 5/6/2021 | 3,320,000 | |
5,000,000 | California Community College Financing Authority, (Series B) TRANs, 2.000%, 1/31/2022 | 5,069,762 | |
4,920,000 | California Education Notes Program (San Mateo, CA Union High School District), (Series A) TRANs, 4.000%, 6/30/2021 | 4,950,712 | |
1,200,000 | California Educational Facilities Authority (Stanford University), (Series S-4), CP, 0.250%, Mandatory Tender 7/20/2021 | 1,200,000 | |
16,200,000 | California Enterprise Development Authority (Regional Properties, Inc.), (Series 2010: Recovery Zone Facility) Weekly VRDNs, (FHLB of San Francisco LOC), 0.100%, 5/6/2021 | 16,200,000 | |
52,245,000 | California Health Facilities Financing Authority (Dignity Health (Catholic Healthcare West)), Golden Blue (Series 2017-004) VRENs, (Barclays Bank PLC LIQ)/(Barclays Bank PLC LOC), 0.180%, 5/6/2021 | 52,245,000 | |
21,000,000 | California Health Facilities Financing Authority (Kaiser Permanente), (Series 2006D), CP, 0.180%, Mandatory Tender 8/5/2021 | 21,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 5,000,000 | California Health Facilities Financing Authority (Kaiser Permanente), RBC Muni Products (Series G-44) TOBs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.210%, Optional Tender 5/3/2021 | $5,000,000 | |
4,180,000 | California Health Facilities Financing Authority (Lucile Salter Packard Children’s Hospital at Stanford), Tender Option Bond Trust Receipts (2016-XF0451) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 4,180,000 | |
2,295,000 | California Health Facilities Financing Authority (Providence St. Joseph Health), Tender Option Bond Trust Receipts (Series 2018-XM0696) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 2,295,000 | |
5,000,000 | California Health Facilities Financing Authority (Stanford Health Care), (2008 Series B-2 Subseries 2), CP, 0.240%, Mandatory Tender 5/5/2021 | 5,000,000 | |
1,500,000 | California Health Facilities Financing Authority (Stanford Health Care), (2008 Series B-2) TOBs, 0.120%, Mandatory Tender 6/15/2021 | 1,500,000 | |
11,890,000 | California Health Facilities Financing Authority (Sutter Health), Tender Option Bond Trust Receipts (Series 2018-XF0622) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.200%, 5/6/2021 | 11,890,000 | |
3,380,000 | California HFA Multi-Family (Hope on Broadway LP), Tender Option Bond Trust Receipts (2021-XF2928) Weekly VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.260%, 5/6/2021 | 3,380,000 | |
3,970,000 | California Infrastructure & Economic Development Bank (Los Angeles Society for the Prevention of Cruelty to Animals), (Series 2002A) Weekly VRDNs, (Bank of New York Mellon, N.A. LOC), 0.090%, 5/6/2021 | 3,970,000 | |
8,970,000 | California Infrastructure & Economic Development Bank (St. Margaret of Scotland Episcopal School), (Series 2008) Monthly VRDNs, (FHLB of San Francisco LOC), 0.250%, 5/1/2021 | 8,970,000 | |
2,150,000 | California PCFA (Big Bear Disposal, Inc.), (Series 2010) Weekly VRDNs, (MUFG Union Bank, N.A. LOC), 0.130%, 5/5/2021 | 2,150,000 | |
18,830,000 | California State Municipal Finance Authority (Montague Parkway Associates LP), Tender Option Bond Trust Floater Certificates (2020-MIZ9041) Weekly VRDNs, (GTD by FHLMC)/(Mizuho Bank Ltd. LIQ), 0.120%, 5/6/2021 | 18,830,000 | |
2,235,000 | California State University (The Trustees of), Tender Option Bond Trust Receipts (Series 2018-ZF0673) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 2,235,000 | |
2,000,000 | California State, RBC Muni Products, Inc. Trust Floater Certificates (Series G-1) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.070%, 5/6/2021 | 2,000,000 | |
4,000,000 | California State, RBC Muni Products, Inc. Trust Floater Certificates (Series G-2) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.070%, 5/6/2021 | 4,000,000 | |
2,220,000 | California State, Tender Option Bond Trust Receipts (Series 2020-XF0924) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.080%, 5/6/2021 | 2,220,000 | |
2,000,000 | California State, Tender Option Bond Trust Receipts (Series 2020-XF0933) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.080%, 5/6/2021 | 2,000,000 | |
1,360,000 | California State, Tender Option Bond Trust Receipts (Series 2020-XF0935) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 1,360,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 2,000,000 | California State, Tender Option Bond Trust Receipts (Series 2020-XF0953) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.080%, 5/6/2021 | $2,000,000 | |
2,225,000 | California State, Tender Option Bond Trust Receipts (Series 2020-XM0848) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 2,225,000 | |
3,185,000 | California State, Tender Option Bond Trust Receipts (Series 2020-XM0849) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 3,185,000 | |
3,220,000 | California State, Tender Option Bond Trust Receipts (Series 2020-ZF0932) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 3,220,000 | |
20,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2004E), CP, 0.150%, Mandatory Tender 9/2/2021 | 20,000,000 | |
3,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2008B), CP, 0.160%, Mandatory Tender 8/12/2021 | 3,000,000 | |
5,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2008B), CP, 0.160%, Mandatory Tender 8/4/2021 | 5,000,000 | |
16,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2008B), CP, 0.220%, Mandatory Tender 6/8/2021 | 16,000,000 | |
25,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2009B-1), CP, 0.160%, Mandatory Tender 9/8/2021 | 25,000,000 | |
12,500,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2009B-4), CP, 0.170%, Mandatory Tender 10/7/2021 | 12,500,000 | |
15,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2009D), CP, 0.220%, Mandatory Tender 6/8/2021 | 15,000,000 | |
6,150,000 | California Statewide Communities Development Authority (Pacific Collegiate Foundation), (Series 2016) Weekly VRDNs, (Comerica Bank LOC), 0.090%, 5/6/2021 | 6,150,000 | |
5,600,000 | California Statewide Communities Development Authority MFH (Beaumont CA Leased Housing Associates I, LP), (2010 Series B: Mountain View Apartments) Weekly VRDNs, (FHLMC LOC), 0.120%, 5/6/2021 | 5,600,000 | |
37,500,000 | California Statewide Communities Development Authority MFH (Uptown Newport Building Owner, LP), (2017 Series AA: Uptown Newport Apartments) Weekly VRDNs, (Comerica Bank LOC), 0.140%, 5/6/2021 | 37,500,000 | |
5,200,000 | California Statewide Communities Development Authority MFH (Uptown Newport Building Owner, LP), (2017 Series BB: Uptown Newport Apartments) Weekly VRDNs, (FHLB of Des Moines LOC)/(FHLB of San Francisco LOC), 0.110%, 5/6/2021 | 5,200,000 | |
7,500,000 | Central Basin Municipal Water District, CA, Tender Option Bond Trust Certificates (2016-XG0038) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.140%, 5/6/2021 | 7,500,000 | |
3,600,000 | Central, CA Union High School District, Tender Option Bond Trust Receipts (Series 2019-XF0759) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.100%, 5/6/2021 | 3,600,000 | |
3,040,000 | Central, CA USD, Tender Option Bond Trust Receipts (Series 2019-XF0758) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.100%, 5/6/2021 | 3,040,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 2,000,000 | Chino Valley, CA USD, Tender Option Bond Trust Receipts (Series 2020-XF0922) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.080%, 5/6/2021 | $2,000,000 | |
7,900,000 | Coast CCD, CA, (Series 2018 G-7) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.070%, 5/6/2021 | 7,900,000 | |
8,000,000 | Compton, CA USD, Tender Option Bond Trust Receipts (2019-XM0764) Weekly VRDNs, (Build America Mutual Assurance INS)/(Royal Bank of Canada LIQ), 0.110%, 5/6/2021 | 8,000,000 | |
4,655,000 | Davis Joint USD, CA, Tender Option Bond Trust Certificates (Series 2019-XM0730) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Barclays Bank PLC LIQ), 0.110%, 5/6/2021 | 4,655,000 | |
2,105,000 | Elk Grove, CA USD, Tender Option Bond Trust Receipts (Series 2017-XG0127) Weekly VRDNs, (Bank of America N.A. LIQ), 0.090%, 5/6/2021 | 2,105,000 | |
2,000,000 | Escondido, CA, RBC Muni Products (Series G-77) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.070%, 5/6/2021 | 2,000,000 | |
13,710,000 | Folsom Cordova, CA USD (School Facilities Improvement District No. 3), Tender Option Bond Trust Certificates (Series 2019-XM0744) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.100%, 5/6/2021 | 13,710,000 | |
8,875,000 | Foothill/Eastern Transportation Corridor Agency, CA, Tender Option Bond Trust Certificates (2019-XL011) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Barclays Bank PLC LIQ), 0.110%, 5/6/2021 | 8,875,000 | |
2,000,000 | Grossmont-Cuyamaca, CA CCD, Tender Option Bond Trust Receipts (Series 2018-XG0188) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.090%, 5/6/2021 | 2,000,000 | |
825,000 | Hollister, CA Redevelopment Agency (San Benito County Community Services Development Corp.), (Series 2004) Weekly VRDNs, (MUFG Union Bank, N.A. LOC), 0.110%, 5/6/2021 | 825,000 | |
1,875,000 | Long Beach, CA Harbor Department (Port of Long Beach), Revenue Notes (Series 2020C), 4.000%, 7/15/2021 | 1,889,592 | |
1,875,000 | Long Beach, CA Harbor Department (Port of Long Beach), Tender Option Bond Trust Receipts (Series 2020-XM0865) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 1,875,000 | |
5,000,000 | Los Altos, CA School District TRANs, 3.000%, 7/15/2021 | 5,028,775 | |
5,950,000 | Los Angeles County, CA Capital Asset Leasing Corporation, (Series C), CP, (Wells Fargo Bank, N.A. LOC), 0.120%, Mandatory Tender 6/2/2021 | 5,950,000 | |
2,250,000 | Los Angeles County, CA Facilities, Inc. (Los Angeles County, CA), Tender Option Bond Trust Receipts (2019-XM0750) Weekly VRDNs, (Bank of America N.A. LIQ), 0.120%, 5/6/2021 | 2,250,000 | |
34,770,000 | Los Angeles County, CA Housing Authority MFH (The Solemint Heights Partnership), Tender Option Bond Trust Floater Certificates (Series 2020-MIZ9039) Weekly VRDNs, (GTD by FHLMC)/(Mizuho Bank Ltd. LIQ), 0.120%, 5/6/2021 | 34,770,000 | |
5,000,000 | Los Angeles County, CA Metropolitan Transportation Authority, (Second Subordinate Sales Tax Revenue, Series A-TE-Barclays) (Proposition A), CP, (Barclays Bank PLC LOC), 0.110%, Mandatory Tender 6/1/2021 | 5,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 5,000,000 | Los Angeles County, CA Metropolitan Transportation Authority, (Series R-TE- State Street), CP, (State Street Bank and Trust Co. LOC), 0.110%, Mandatory Tender 5/5/2021 | $5,000,000 | |
7,000,000 | Los Angeles County, CA Schools Financing Program, (Series C-3) TRANs, 2.000%, 12/30/2021 | 7,085,442 | |
5,790,000 | Los Angeles County, CA Schools Financing Program, 2020-21 Pooled TRAN Participation Certificates (Series B-3) TRANs, 2.000%, 12/30/2021 | 5,862,664 | |
8,230,000 | Los Angeles County, CA, (Series A) TRANs, 4.000%, 6/30/2021 | 8,280,507 | |
6,025,000 | Los Angeles County, CA, Tender Option Bond Trust Receipts (Series 2015-ZF0183) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.090%, 5/6/2021 | 6,025,000 | |
3,000,000 | Los Angeles, CA Department of Water & Power (Water Works/System), Tender Option Bond Trust Receipts (Series 2017-XG0121) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 3,000,000 | |
740,000 | Los Angeles, CA MFH Revenue Bonds (Hope on Broadway LP), Tender Option Bond Trust Receipts (Series 2021-XF2929) Weekly VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.260%, 5/6/2021 | 740,000 | |
2,885,000 | Los Angeles, CA USD, Tender Option Bond Trust Receipts (Series 2018-XM0703) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.080%, 5/6/2021 | 2,885,000 | |
4,985,000 | Lucia Mar, CA USD, Tender Option Bond Trust Receipts (Series 2018-XG0181) Weekly VRDNs, (Bank of America N.A. LIQ), 0.090%, 5/6/2021 | 4,985,000 | |
6,670,000 | Manteca, CA USD, Tender Option Bond Trust Certificates (2015-ZM0093) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.100%, 5/6/2021 | 6,670,000 | |
3,000,000 | Mountain House, CA Financing Authority (Mountain House, CA Community Services District), Tender Option Bond Trust Receipts (Series 2020-ZF2921) Weekly VRDNs, (Build America Mutual Assurance INS)/(Morgan Stanley Bank, N.A. LIQ), 0.140%, 5/6/2021 | 3,000,000 | |
3,000,000 | Municipal Improvement Corporation of Los Angeles, CA, (Series A-2), CP, (Bank of America N.A. LOC), 0.250%, Mandatory Tender 5/27/2021 | 3,000,000 | |
7,000,000 | Municipal Improvement Corporation of Los Angeles, CA, (Series A-3), CP, (U.S. Bank, N.A. LOC), 0.130%, Mandatory Tender 7/20/2021 | 7,000,000 | |
4,845,000 | New Haven, CA USD, Tender Option Bond Trust Receipts (Series 2020-XF0893) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.090%, 5/6/2021 | 4,845,000 | |
2,490,000 | Norwalk-La Mirada, CA USD, Tender Option Bond Trust Receipts (Series 2020-XM0810) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.090%, 5/6/2021 | 2,490,000 | |
27,700,000 | Nuveen California AMT-Free Quality Municipal Income Fund, (Series 3) Weekly VRDPs, (Toronto Dominion Bank LIQ), 0.100%, 5/6/2021 | 27,700,000 | |
2,000,000 | Nuveen California AMT-Free Quality Municipal Income Fund, (Series 4) Weekly VRDPs, (Citibank N.A., New York LIQ), 0.090%, 5/6/2021 | 2,000,000 | |
24,500,000 | Nuveen California AMT-Free Quality Municipal Income Fund, (Series 6) Weekly VRDPs, (Sumitomo Mitsui Banking Corp. LIQ), 0.090%, 5/6/2021 | 24,500,000 | |
3,000,000 | Oakland, CA, Tender Option Bond Receipts (Series 2020-XF0898) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.080%, 5/6/2021 | 3,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 2,505,000 | Oxnard, CA School District, (Series 2018 G-8) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.070%, 5/6/2021 | $2,505,000 | |
1,190,000 | Pittsburg, CA USD, Tender Option Bond Trust Receipts (Series 2017-XF0578) Weekly VRDNs, (TD Bank, N.A. LIQ), 0.110%, 5/6/2021 | 1,190,000 | |
11,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2008C), CP, 0.110%, Mandatory Tender 5/6/2021 | 11,000,000 | |
10,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2009B-2), CP, 0.180%, Mandatory Tender 7/13/2021 | 10,000,000 | |
700,000 | River Islands, CA Public Financing Authority, Tender Option Bond Trust Floater Certificates (2019-MIZ9003) Weekly VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.260%, 5/6/2021 | 700,000 | |
10,500,000 | Riverside County, CA Public Financing Authority (Riverside County, CA), Tender Option Bond Trust Receipt (2017-ZF0538) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.160%, 5/6/2021 | 10,500,000 | |
5,000,000 | Riverside County, CA TRANs, 4.000%, 6/30/2021 | 5,030,486 | |
12,000,000 | Riverside County, CA, Teeter Plan Obligation Notes (2020 Series A) BANs, 0.500%, 10/21/2021 | 12,013,025 | |
1,425,000 | Sacramento County, CA HDA (Shiloh Arms Partners LP), Mizuho 3a-7 (Series 2021 MIZ9058) VRENs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.360%, 5/6/2021 | 1,425,000 | |
2,000,000 | Sacramento, CA Area Flood Control Agency Consolidated Capital Assessment District No. 2, RBC Muni Products (Series G-118) TOBs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.210%, Optional Tender 10/1/2021 | 2,000,000 | |
6,000,000 | Sacramento, CA Municipal Utility District, Tender Option Bond Trust Receipts (Series 2020-ZF0943) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.080%, 5/6/2021 | 6,000,000 | |
2,077,000 | San Bernardino, CA CCD, Tender Option Bond Trust Receipts (Series 2019-XF0786) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.110%, 5/6/2021 | 2,077,000 | |
20,000,000 | San Diego County, CA Water Authority, Commercial Paper Notes (Series 10), CP, 0.130%, Mandatory Tender 6/23/2021 | 20,000,000 | |
10,000,000 | San Diego County, CA Water Authority, Commercial Paper Notes (Series 10), CP, 0.140%, Mandatory Tender 7/6/2021 | 10,000,000 | |
750,000 | San Diego, CA Housing Authority (220 W Broadway Development Partners, L.P.), (Series 2020 F: Courthouse Commons) Weekly VRDNs, (Mizuho Bank Ltd. LOC), 0.070%, 5/5/2021 | 750,000 | |
4,800,000 | San Diego, CA USD, (Series A) TRANs, 5.000%, 6/30/2021 | 4,837,934 | |
3,000,000 | San Diego, CA USD, RBC Muni Products (Series 2018-G51) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.070%, 5/6/2021 | 3,000,000 | |
5,724,000 | San Diego, CA Water Utility Fund, (Series B), CP, (Bank of America N.A. LOC), 0.130%, Mandatory Tender 6/23/2021 | 5,724,000 | |
27,083,000 | San Francisco, CA Public Utilities Commission (Wastewater Enterprise), (Series A-2), CP, (Bank of America N.A. LOC), 0.140%, Mandatory Tender 5/12/2021 | 27,083,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 3,330,000 | San Francisco, CA Public Utilities Commission (Water Enterprise), Tender Option Bond Trust Receipts (Series 2018-XF0607) Weekly VRDNs, (TD Bank, N.A. LIQ), 0.080%, 5/6/2021 | $3,330,000 | |
2,230,000 | San Mateo County, CA CCD, Tender Option Bond Trust Certificates (Series 2018-XM0712) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.090%, 5/6/2021 | 2,230,000 | |
923,000 | Santa Barbara, CA USD, Tender Option Bond Trust Receipts (Series 2019-XF0791) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.110%, 5/6/2021 | 923,000 | |
5,000,000 | Santa Clara Valley, CA Water District, (Series A), CP, (MUFG Bank Ltd. LOC), 0.110%, Mandatory Tender 6/1/2021 | 5,000,000 | |
3,000,000 | Sonoma County, CA Junior College District, (Series 2018 G-6) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.070%, 5/6/2021 | 3,000,000 | |
4,000,000 | South Coast, CA Water District, Tender Option Bond Trust Certificates (Series 2020-XL0151) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.090%, 5/6/2021 | 4,000,000 | |
2,410,000 | Southwestern CCD, CA, Tender Option Bond Trust Receipts (Series 2015-ZF0250) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.090%, 5/6/2021 | 2,410,000 | |
4,750,000 | Sweetwater, CA Union High School District, RBC Muni Products, Inc. Trust (Series G-95) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.070%, 5/6/2021 | 4,750,000 | |
13,700,000 | California Statewide Communities Development Authority (Kaiser Permanente), Tender Option Bond Trust Receipts (Series 2015-ZF0199) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.080%, 5/6/2021 | 13,700,000 | |
8,490,000 | Twin Rivers, CA USD, Tender Option Bond Trust Certificates (Series 2017-XF2442) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.110%, 5/6/2021 | 8,490,000 | |
10,000,000 | University of California (The Regents of), Tender Option Bond Trust Certificates (Series 2018-ZF2670) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.090%, 5/6/2021 | 10,000,000 | |
2,675,000 | University of California (The Regents of), Tender Option Bond Trust Receipts (2016-XF0524) Weekly VRDNs, (TD Bank, N.A. LIQ), 0.090%, 5/6/2021 | 2,675,000 | |
10,935,000 | University of California (The Regents of), Tender Option Bond Trust Receipts (Series 2015-ZF0194) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.080%, 5/6/2021 | 10,935,000 | |
1,500,000 | University of California (The Regents of), Tender Option Bond Trust Receipts (Series 2018-ZM0660) Weekly VRDNs, (Bank of America N.A. LIQ), 0.080%, 5/6/2021 | 1,500,000 | |
2,220,000 | University of California (The Regents of), Tender Option Bond Trust Receipts (Series 2020-XF0921) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.090%, 5/6/2021 | 2,220,000 | |
2,000,000 | Hayward, CA USD, Tender Option Bond Trust Receipts (2017-XF0545) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Bank of America N.A. LIQ), 0.090%, 5/6/2021 | 2,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 6,800,000 | Victor Valley, CA CCD, Tender Option Bond Trust Receipts (Series 2020-XM0864) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.080%, 5/6/2021 | $6,800,000 | |
8,675,000 | Visalia, CA USD, Floater Certificates (Series 2018-ZM0657) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.110%, 5/6/2021 | 8,675,000 | |
20,880,000 | Whittier, CA Health Facility Revenue Bonds (Presbyterian Intercommunity Hospital Obligated Group), Golden Blue 3a-7 (Series 2018-030) VRENs, (Barclays Bank PLC LIQ)/(Barclays Bank PLC LOC), 0.180%, 5/6/2021 | 20,880,000 | |
9,500,000 | Metropolitan Water District of Southern California, (Series 2017 C) SIFMA Index Mode TOBs, 0.310%, Mandatory Tender 6/21/2021 | 9,500,936 | |
3,350,000 | Yosemite, CA CCD, RBC Muni Products (Series 2018-G50) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.070%, 5/6/2021 | 3,350,000 | |
5,087,000 | Yosemite, CA CCD, Tender Option Bond Trust Receipts (Series 2019-XF0772) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.080%, 5/6/2021 | 5,087,000 | |
20,000,000 | Metropolitan Water District of Southern California, (Series 2017 D) SIFMA Index Mode TOBs, 0.310%, Mandatory Tender 6/21/2021 | 20,000,000 | |
2,400,000 | Pomona, CA USD, Tender Option Bond Trust Certificates (Series 2017-XF2446) Weekly VRDNs, (Build America Mutual Assurance INS)/(Citibank N.A., New York LIQ), 0.090%, 5/6/2021 | 2,400,000 | |
25,000,000 | San Francisco, CA City and County (Transbay Block 8 Tower Apartments Obligated Group), Mizuho 3a-7 (2021-MIZ9063) VRENs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.310%, 5/6/2021 | 25,000,000 | |
1,585,000 | Western Placer, CA USD, Tender Option Bond Trust Receipts (Series 2017-XG0152) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Barclays Bank PLC LIQ), 0.110%, 5/6/2021 | 1,585,000 | |
TOTAL INVESTMENT IN SECURITIES—99.9% (AT AMORTIZED COST)2 | 952,103,835 | ||
OTHER ASSETS AND LIABILITIES - NET—0.1%3 | 1,162,060 | ||
TOTAL NET ASSETS—100% | $953,265,895 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. 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. |
2 | Also represents cost for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
BANs | —Bond Anticipation Notes | |
CCD | —Community College District | |
CP | —Commercial Paper | |
FHLB | —Federal Home Loan Bank | |
FHLMC | —Federal Home Loan Mortgage Corporation | |
GTD | —Guaranteed | |
HDA | —Hospital Development Authority | |
HFA | —Housing Finance Authority | |
IDA | —Industrial Development Authority | |
INS | —Insured | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
MFH | —Multi-Family Housing | |
PCFA | —Pollution Control Finance Authority | |
SIFMA | —Securities Industry and Financial Markets Association | |
TOBs | —Tender Option Bonds | |
TRANs | —Tax and Revenue Anticipation Notes | |
USD | —Unified School District | |
VRDNs | —Variable Rate Demand Notes | |
VRDPs | —Variable Rate Demand Preferreds | |
VRENs | —Variable Rate Extendible Notes |
Six Months Ended (unaudited) 4/30/2021 | Year Ended October 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 | 0.011 | 0.006 | 0.002 |
Net realized gain (loss) | 0.0001 | 0.0001 | (0.000)1 | (0.000)1 | 0.0001 | 0.003 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.005 | 0.013 | 0.011 | 0.006 | 0.005 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.005) | (0.013) | (0.011) | (0.006) | (0.002) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.003) |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.005) | (0.013) | (0.011) | (0.006) | (0.005) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.02% | 0.53% | 1.28% | 1.10% | 0.56% | 0.49% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.15%4 | 0.27% | 0.28% | 0.28% | 0.28% | 0.18%5 |
Net investment income | 0.01%4 | 0.54% | 1.25% | 1.10% | 0.58% | 0.12% |
Expense waiver/reimbursement6 | 0.28%4 | 0.15% | 0.14% | 0.19% | 0.29% | 0.39% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $448,300 | $584,821 | $678,115 | $372,325 | $156,974 | $54,046 |
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 | The net expense ratio is calculated without reduction for expense offset arrangements. The net expense ratio for the year ended October 31, 2016 was 0.18% after taking into account this expense reduction. |
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 amortized cost and fair value | $952,103,835 |
Cash | 197,204 |
Income receivable | 1,216,565 |
Receivable for shares sold | 7,234 |
Total Assets | 953,524,838 |
Liabilities: | |
Payable for shares redeemed | 165,017 |
Income distribution payable | 425 |
Payable for investment adviser fee (Note 4) | 5,162 |
Payable for administrative fee (Note 4) | 2,045 |
Payable for portfolio accounting fees | 65,566 |
Payable for share registration costs | 20,045 |
Accrued expenses (Note 4) | 683 |
Total Liabilities | 258,943 |
Net assets for 953,141,755 shares outstanding | $953,265,895 |
Net Assets Consist of: | |
Paid-in capital | $953,141,720 |
Total distributable earnings (loss) | 124,175 |
Total Net Assets | $953,265,895 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Wealth Shares: | |
$448,299,565 ÷ 448,241,192 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$118,347,336 ÷ 118,331,928 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$246,619,863 ÷ 246,587,752 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$28,322,344 ÷ 28,318,646 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Capital Shares: | |
$111,676,787 ÷ 111,662,237 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Investment Income: | |
Interest | $852,406 |
Expenses: | |
Investment adviser fee (Note 4) | 1,616,252 |
Administrative fee (Note 4) | 421,283 |
Custodian fees | 17,634 |
Transfer agent fees (Note 2) | 229,461 |
Directors’/Trustees’ fees (Note 4) | 3,030 |
Auditing fees | 10,414 |
Legal fees | 16,820 |
Portfolio accounting fees | 97,062 |
Distribution services fee (Note 4) | 361,365 |
Other service fees (Notes 2 and 4) | 607,696 |
Share registration costs | 62,200 |
Printing and postage | 15,674 |
Miscellaneous (Note 4) | 6,350 |
TOTAL EXPENSES | 3,465,241 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 4) | (1,473,070) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (1,193,235) |
TOTAL WAIVERS AND REIMBURSEMENTS | (2,666,305) |
Net expenses | 798,936 |
Net investment income | 53,470 |
Net realized gain on investments | 103,468 |
Change in net assets resulting from operations | $156,938 |
Six Months Ended (unaudited) 4/30/2021 | Year Ended 10/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $53,470 | $5,612,216 |
Net realized gain (loss) | 103,468 | 133,432 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 156,938 | 5,745,648 |
Distributions to Shareholders: | ||
Wealth Shares | (92,695) | (3,903,676) |
Service Shares | (23,997) | (553,743) |
Cash II Shares | (44,532) | (728,760) |
Cash Series Shares | (5,157) | (50,511) |
Capital Shares | (20,902) | (507,383) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (187,283) | (5,744,073) |
Share Transactions: | ||
Proceeds from sale of shares | 536,276,777 | 1,894,350,274 |
Net asset value of shares issued to shareholders in payment of distributions declared | 136,709 | 5,344,740 |
Cost of shares redeemed | (740,270,508) | (1,908,780,546) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (203,857,022) | (9,085,532) |
Change in net assets | (203,887,367) | (9,083,957) |
Net Assets: | ||
Beginning of period | 1,157,153,262 | 1,166,237,219 |
End of period | $953,265,895 | $1,157,153,262 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Wealth Shares | $10,941 | $(6,041) | $— |
Service Shares | 45,581 | — | (44,273) |
Cash II Shares | 105,419 | — | (102,860) |
Cash Series Shares | 11,761 | — | (11,471) |
Capital Shares | 55,759 | — | (54,596) |
TOTAL | $229,461 | $(6,041) | $(213,200) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $171,813 | $— | $(171,813) |
Cash II Shares | 336,456 | — | (336,456) |
Cash Series Shares | 38,148 | (28) | (38,120) |
Capital Shares | 61,279 | (118) | (61,161) |
TOTAL | $607,696 | $(146) | $(607,550) |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Wealth Shares: | Shares | Amount | Shares | Amount |
Shares sold | 169,869,117 | $169,869,117 | 1,017,560,763 | $1,017,560,763 |
Shares issued to shareholders in payment of distributions declared | 46,609 | 46,609 | 3,613,285 | 3,613,285 |
Shares redeemed | (306,418,020) | (306,418,020) | (1,114,456,355) | (1,114,456,355) |
NET CHANGE RESULTING FROM WEALTH SHARE TRANSACTIONS | (136,502,294) | $(136,502,294) | (93,282,307) | $(93,282,307) |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 89,162,437 | $89,162,437 | 271,796,390 | $271,796,390 |
Shares issued to shareholders in payment of distributions declared | 19,704 | 19,704 | 460,247 | 460,247 |
Shares redeemed | (120,593,550) | (120,593,550) | (269,118,074) | (269,118,074) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (31,411,409) | $(31,411,409) | 3,138,563 | $3,138,563 |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 144,990,507 | $144,990,507 | 319,438,665 | $319,438,665 |
Shares issued to shareholders in payment of distributions declared | 44,531 | 44,531 | 728,408 | 728,408 |
Shares redeemed | (161,009,455) | (161,009,455) | (264,648,897) | (264,648,897) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | (15,974,417) | $(15,974,417) | 55,518,176 | $55,518,176 |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 39,707,551 | $39,707,551 | 110,727,202 | $110,727,202 |
Shares issued to shareholders in payment of distributions declared | 4,976 | 4,976 | 50,250 | 50,250 |
Shares redeemed | (44,947,091) | (44,947,091) | (98,411,147) | (98,411,147) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | (5,234,564) | $(5,234,564) | 12,366,305 | $12,366,305 |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 92,547,165 | $92,547,165 | 174,827,254 | $174,827,254 |
Shares issued to shareholders in payment of distributions declared | 20,889 | 20,889 | 492,550 | 492,550 |
Shares redeemed | (107,302,392) | (107,302,392) | (162,146,073) | (162,146,073) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (14,734,338) | $(14,734,338) | 13,173,731 | $13,173,731 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (203,857,022) | $(203,857,022) | (9,085,532) | $(9,085,532) |
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 | 0.20% |
Cash Series Shares | 0.60% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Cash II Shares | $269,760 | $(269,760) |
Cash Series Shares | 91,605 | (91,605) |
TOTAL | $361,365 | $(361,365) |
Beginning Account Value 11/1/2020 | Ending Account Value 4/30/2021 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,000.20 | $20.74 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,024.05 | $20.75 |
1 | Expenses are equal to the Fund annualized net expense ratio of 0.15%, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half-year period). |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Wealth Shares current Fee Limit of 0.28% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.39 and $1.41, respectively. |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
Share Class | Ticker | Institutional | FFTXX | Premier | FTFXX |
Federated Hermes Institutional Tax-Free Cash Trust
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Variable Rate Demand Instruments | 98.1% |
Commercial Paper | 1.9% |
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 | 100.0% |
8-30 Days | 0.0% |
31-90 Days | 0.0% |
91-180 Days | 0.0% |
181 Days or more | 0.0% |
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 | SHORT-TERM MUNICIPALS— 100.0% | ||
Alabama— 9.4% | |||
$ 980,000 | Alabama HFA MFH (Double Lake Ventures LLC), (2000 Series A:Turtle Lake) Weekly VRDNs, (FNMA LOC), 0.080%, 5/6/2021 | $980,000 | |
8,000,000 | Columbia, AL IDB PCRB (Alabama Power Co.), (Series 2014-A) Daily VRDNs, 0.060%, 5/3/2021 | 8,000,000 | |
30,450,000 | Columbia, AL IDB PCRB (Alabama Power Co.), (Series C) Daily VRDNs, 0.060%, 5/3/2021 | 30,450,000 | |
28,000,000 | Mobile County, AL IDA Gulf Opportunity Zone (SSAB Alabama, Inc.), (Series 2011) Weekly VRDNs, (Nordea Bank Abp LOC), 0.100%, 5/6/2021 | 28,000,000 | |
1,500,000 | Mobile, AL IDB (Alabama Power Co.), (First Series 2009: Barry Plant) Daily VRDNs, 0.060%, 5/3/2021 | 1,500,000 | |
5,700,000 | Mobile, AL IDB (Alabama Power Co.), (Second Series 2009) Daily VRDNs, 0.060%, 5/3/2021 | 5,700,000 | |
150,000 | Mobile, AL IDB (Alabama Power Co.), PCRBs (Series 2007B) Weekly VRDNs, 0.160%, 5/5/2021 | 150,000 | |
5,100,000 | Mobile, AL IDB (HighProv, LLC), (Series 2006) Weekly VRDNs, (FHLB of Dallas LOC), 0.100%, 5/6/2021 | 5,100,000 | |
9,125,000 | Tuscaloosa County, AL Port Authority (Tuscaloosa Riverfront Development, LLC), (Series 2007: Gulf Opportunity Zone Bonds) Weekly VRDNs, (FHLB of Atlanta LOC), 0.110%, 5/6/2021 | 9,125,000 | |
TOTAL | 89,005,000 | ||
Arizona— 2.5% | |||
4,000,000 | Maricopa County, AZ, IDA Solid Waste Disposal (DC Paloma 2 LLC), (Series 2009) Weekly VRDNs, (CoBank, ACB LOC), 0.100%, 5/6/2021 | 4,000,000 | |
20,000,000 | Yavapai County, AZ IDA - Recovery Zone Facility (Skanon Investments, Inc.), (Series 2010: Drake Cement Project) Weekly VRDNs, (Bank of Nova Scotia, Toronto LOC), 0.100%, 5/6/2021 | 20,000,000 | |
TOTAL | 24,000,000 | ||
California— 9.1% | |||
225,000 | California Enterprise Development Authority (Humane Society Silicon Valley), (Series 2008) Weekly VRDNs, (FHLB of San Francisco LOC), 0.090%, 5/6/2021 | 225,000 | |
5,125,000 | California Enterprise Development Authority (Alvarado Street Bakery), (Series 2007) Weekly VRDNs, (U.S. Bank, N.A. LOC), 0.110%, 5/6/2021 | 5,125,000 | |
6,300,000 | California Enterprise Development Authority (Regional Properties, Inc.), (Series 2010: Recovery Zone Facility) Weekly VRDNs, (FHLB of San Francisco LOC), 0.100%, 5/6/2021 | 6,300,000 | |
34,525,000 | California Statewide Communities Development Authority MFH (Uptown Newport Building Owner, LP), (2017 Series BB: Uptown Newport Apartments) Weekly VRDNs, (FHLB of Des Moines LOC)/(FHLB of San Francisco LOC), 0.110%, 5/6/2021 | 34,525,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 3,450,000 | San Diego County, CA (Museum of Contemporary Art San Diego), (Series 2004) Weekly VRDNs, (Northern Trust Co., Chicago, IL LOC), 0.110%, 5/6/2021 | $3,450,000 | |
36,780,000 | Victorville, CA Joint Powers Financing Authority (Victorville, CA), (Series 2007A: Cogeneration Facility) Weekly VRDNs, (BNP Paribas SA LOC), 0.100%, 5/6/2021 | 36,780,000 | |
TOTAL | 86,405,000 | ||
Connecticut— 1.0% | |||
5,830,000 | Connecticut State Health & Educational Facilities (CIL Community Resources, Inc.), (Series A) Weekly VRDNs, (HSBC Bank USA, N.A. LOC), 0.090%, 5/6/2021 | 5,830,000 | |
3,765,000 | Shelton, CT Housing Authority (Crosby Commons), (Series 1998) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo, NY LOC), 0.110%, 5/6/2021 | 3,765,000 | |
TOTAL | 9,595,000 | ||
Florida— 15.2% | |||
3,310,000 | Coconut Creek, FL (Junior Achievement of South Florida, Inc.), (Series 2007) Weekly VRDNs, (TD Bank, N.A. LOC), 0.130%, 5/6/2021 | 3,310,000 | |
12,250,000 | Escambia County, FL Solid Waste Disposal (Gulf Power Co.) Daily VRDNs, 0.060%, 5/3/2021 | 12,250,000 | |
12,900,000 | Escambia County, FL Solid Waste Disposal (Gulf Power Co.), (First Series 2009) Daily VRDNs, 0.070%, 5/3/2021 | 12,900,000 | |
20,000,000 | Florida HFA (Woodlands Apartments), (Series 1985-SS) Weekly VRDNs, (Northern Trust Co., Chicago, IL LOC), 0.100%, 5/5/2021 | 20,000,000 | |
12,000,000 | Hillsborough County, FL IDA (Baycare Health System), (Series 2020B) Daily VRDNs, (TD Bank, N.A. LOC), 0.040%, 5/3/2021 | 12,000,000 | |
17,740,000 | Jacksonville, FL EDC (JEA, FL Electric System), (Series 2000-A), CP, (U.S. Bank, N.A. LIQ), 0.120%, Mandatory Tender 5/5/2021 | 17,740,000 | |
18,000,000 | JEA, FL Electric System, (Series Three 2008B-2: Senior Revenue Bonds) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.100%, 5/5/2021 | 18,000,000 | |
47,350,000 | St. Lucie County, FL PCRB (Florida Power & Light Co.), (Series 2000) Daily VRDNs, 0.060%, 5/3/2021 | 47,350,000 | |
TOTAL | 143,550,000 | ||
Georgia— 2.3% | |||
21,700,000 | Monroe County, GA Development Authority Pollution Control (Gulf Power Co.), (First Series of 2002) Daily VRDNs, 0.070%, 5/3/2021 | 21,700,000 | |
Illinois— 1.3% | |||
1,500,000 | Illinois Finance Authority (Clearbrook Corp.), (Series 2008) Weekly VRDNs, (BMO Harris Bank, N.A. LOC), 0.070%, 5/6/2021 | 1,500,000 | |
11,200,000 | Jackson-Union Counties, IL Regional Port District Facilities (Enron Transportation Services), (Series 1994) Weekly VRDNs, (Wells Fargo Bank, N.A. LOC), 0.110%, 5/5/2021 | 11,200,000 | |
TOTAL | 12,700,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Indiana— 0.9% | |||
$ 8,170,000 | Valparaiso, IN EDRB (Pines Village Retirement Community, Inc.), (Series 2008) Weekly VRDNs, (Wells Fargo Bank, N.A. LOC), 0.160%, 5/6/2021 | $8,170,000 | |
Iowa— 8.3% | |||
15,100,000 | Iowa Finance Authority (Cargill, Inc.), Midwestern Disaster Area EDRBs (Series 2009A) Weekly VRDNs, 0.090%, 5/6/2021 | 15,100,000 | |
27,200,000 | Iowa Finance Authority (Cargill, Inc.), Midwestern Disaster Area EDRBs (Series 2011A) Weekly VRDNs, 0.090%, 5/6/2021 | 27,200,000 | |
36,500,000 | Iowa Finance Authority (HF Chlor-Alkali, LLC), (Series 2012) Weekly VRDNs, (GTD by Cargill, Inc.), 0.100%, 5/6/2021 | 36,500,000 | |
TOTAL | 78,800,000 | ||
Louisiana— 4.5% | |||
1,225,000 | Hammond Area Economic & Industrial Development District, LA (AGEM Management Services LLC) Weekly VRDNs, (FHLB of Dallas LOC), 0.120%, 5/6/2021 | 1,225,000 | |
12,000,000 | Louisiana Local Government Environmental Facilities CDA (Isidore Newman School), (Series 2002) Weekly VRDNs, (FHLB of Dallas LOC), 0.160%, 5/5/2021 | 12,000,000 | |
3,040,000 | Louisiana Local Government Environmental Facilities CDA (The Academy of the Sacred Heart of New Orleans), (Series 2004) Weekly VRDNs, (FHLB of Dallas LOC), 0.160%, 5/5/2021 | 3,040,000 | |
3,350,000 | Louisiana Local Government Environmental Facilities CDA (The Christ Episcopal Church in Covington), (Series 2004) Weekly VRDNs, (FHLB of Dallas LOC), 0.160%, 5/5/2021 | 3,350,000 | |
2,500,000 | Louisiana Public Facilities Authority (Air Products & Chemicals, Inc.), (Series 2008B) Weekly VRDNs, 0.080%, 5/5/2021 | 2,500,000 | |
16,300,000 | Louisiana Public Facilities Authority (Air Products & Chemicals, Inc.), (Series 2010) Weekly VRDNs, 0.080%, 5/5/2021 | 16,300,000 | |
4,430,000 | St. Tammany Parish Development District, LA (Main Street Holdings of St. Tammany, LLC), (Series 2006A) Weekly VRDNs, (FHLB of Dallas LOC), 0.100%, 5/6/2021 | 4,430,000 | |
TOTAL | 42,845,000 | ||
Maryland— 0.1% | |||
510,000 | Maryland State Economic Development Corp. (Maryland Academy of Sciences), (Series 2003: Maryland Science Center) Weekly VRDNs, (Bank of America N.A. LOC), 0.140%, 5/6/2021 | 510,000 | |
Michigan— 4.3% | |||
16,200,000 | Michigan Strategic Fund (Kroger Co.), (Series 2010) Weekly VRDNs, (MUFG Bank Ltd. LOC), 0.100%, 5/6/2021 | 16,200,000 | |
11,755,000 | St. Joseph, MI Hospital Finance Authority (Lakeland Hospitals at Niles & St. Joseph Obligated Group), (Series 2002) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.090%, 5/6/2021 | 11,755,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Michigan— continued | |||
$13,000,000 | St. Joseph, MI Hospital Finance Authority (Lakeland Hospitals at Niles & St. Joseph Obligated Group), (Series 2006) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.090%, 5/6/2021 | $13,000,000 | |
TOTAL | 40,955,000 | ||
Minnesota— 0.8% | |||
7,500,000 | Moorhead, MN (American Crystal Sugar Co.), Series 2020 Weekly VRDNs, (CoBank, ACB LOC), 0.100%, 5/6/2021 | 7,500,000 | |
Mississippi— 4.7% | |||
44,650,000 | Perry County, MS (Georgia-Pacific LLC), (Series 2002) Weekly VRDNs, 0.160%, 5/6/2021 | 44,650,000 | |
Multi-State— 15.5% | |||
24,000,000 | Nuveen AMT-Free Municipal Credit Income Fund, (Series 4) Weekly VRDPs, (Societe Generale, Paris LIQ), 0.120%, 5/6/2021 | 24,000,000 | |
41,000,000 | Nuveen AMT-Free Municipal Credit Income Fund, (Series 5) Weekly VRDPs, (Societe Generale, Paris LIQ), 0.110%, 5/6/2021 | 41,000,000 | |
6,000,000 | Nuveen Enhanced AMT-Free Municipal Credit Opportunities Fund, (Series 2) Weekly VRDPs, (JPMorgan Chase Bank, N.A. LIQ), 0.120%, 5/6/2021 | 6,000,000 | |
9,000,000 | Nuveen Enhanced AMT-Free Quality Municipal Income Fund, (Series 3) Weekly VRDPs, (TD Bank, N.A. LIQ), 0.120%, 5/6/2021 | 9,000,000 | |
47,100,000 | Nuveen Enhanced AMT-Free Quality Municipal Income Fund, (Series 4) Weekly VRDPs, (Barclays Bank PLC LIQ), 0.120%, 5/6/2021 | 47,100,000 | |
20,000,000 | Nuveen Enhanced AMT-Free Quality Municipal Income Fund, VRDP(Series 5-1000) Weekly VRDPs, (Sumitomo Mitsui Banking Corp. LIQ)/(Sumitomo Mitsui Banking Corp. LOC), 0.110%, 5/6/2021 | 20,000,000 | |
TOTAL | 147,100,000 | ||
Nebraska— 0.2% | |||
1,400,000 | Washington County, NE (Cargill, Inc.), (Series 2010) Weekly VRDNs, 0.100%, 5/6/2021 | 1,400,000 | |
New York— 7.5% | |||
1,000,000 | New York City, NY Municipal Water Finance Authority, (Fiscal 2014 AA-3 Bonds) Daily VRDNs, (TD Bank, N.A. LIQ), 0.040%, 5/3/2021 | 1,000,000 | |
13,500,000 | New York City, NY, (Fiscal 2006 Series I-4) Daily VRDNs, (TD Bank, N.A. LOC), 0.040%, 5/3/2021 | 13,500,000 | |
40,000,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 1) Weekly VRDPs, (Societe Generale, Paris LIQ), 0.110%, 5/6/2021 | 40,000,000 | |
10,000,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 2) Weekly VRDPs, (Royal Bank of Canada LIQ), 0.110%, 5/6/2021 | 10,000,000 | |
6,200,000 | Triborough Bridge & Tunnel Authority, NY, (Series B-2B) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 0.085%, 5/6/2021 | 6,200,000 | |
TOTAL | 70,700,000 | ||
Oregon— 0.9% | |||
8,000,000 | Oregon State Facilities Authority (PeaceHealth), (2018 Series B) Daily VRDNs, (TD Bank, N.A. LOC), 0.040%, 5/3/2021 | 8,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Pennsylvania— 2.6% | |||
$17,525,000 | Pennsylvania EDFA (PPL Energy Supply LLC), (Series C) Weekly VRDNs, (MUFG Bank Ltd. LOC), 0.100%, 5/5/2021 | $17,525,000 | |
7,000,000 | Southcentral PA, General Authority (Wellspan Health Obligated Group), (Series 2019C) Weekly VRDNs, (Bank of America N.A. LIQ), 0.100%, 5/6/2021 | 7,000,000 | |
TOTAL | 24,525,000 | ||
Tennessee— 0.4% | |||
4,130,000 | Blount County, TN Public Building Authority (Bradley County, TN), (Series E-6-A) Weekly VRDNs, (Truist Bank LOC), 0.130%, 5/5/2021 | 4,130,000 | |
Texas— 2.2% | |||
21,145,000 | Tarrant County, TX Cultural Education Facilities Finance Corp. (Baylor Scott & White Health Care System), (Series 2011C) Daily VRDNs, (TD Bank, N.A. LOC), 0.040%, 5/3/2021 | 21,145,000 | |
Utah— 3.4% | |||
30,500,000 | Emery County, UT (Pacificorp), PCRB (Series 1994) Weekly VRDNs, 0.120%, 5/5/2021 | 30,500,000 | |
2,000,000 | St. George, UT IDRB (Apogee Enterprises, Inc.), (Series 2010) Weekly VRDNs, (Wells Fargo Bank, N.A. LOC), 0.100%, 5/6/2021 | 2,000,000 | |
TOTAL | 32,500,000 | ||
Virginia— 0.6% | |||
5,475,000 | Lynchburg, VA Economic Development Authority (Centra Health Obligated Group), (Series 2017C) Weekly VRDNs, (Truist Bank LOC), 0.130%, 5/6/2021 | 5,475,000 | |
West Virginia— 2.3% | |||
21,400,000 | West Virginia State Hospital Finance Authority (Cabell Huntington Hospital), (Series 2008A) Weekly VRDNs, (Truist Bank LOC), 0.130%, 5/6/2021 | 21,400,000 | |
TOTAL INVESTMENT IN SECURITIES—100.0% (AT AMORTIZED COST)2 | 946,760,000 | ||
OTHER ASSETS AND LIABILITIES - NET—0.0%3 | 210,284 | ||
TOTAL NET ASSETS—100% | $946,970,284 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. 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. |
2 | Also represents cost for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
CDA | —Community Development Authority | |
CP | —Commercial Paper | |
EDC | —Economic Development Commission | |
EDFA | —Economic Development Finance Authority | |
EDRB | —Economic Development Revenue Bond | |
EDRBs | —Economic Development Revenue Bonds | |
FHLB | —Federal Home Loan Bank | |
FNMA | —Federal National Mortgage Association | |
GTD | —Guaranteed | |
HFA | —Housing Finance Authority | |
IDA | —Industrial Development Authority | |
IDB | —Industrial Development Bond | |
IDRB | —Industrial Development Revenue Bond | |
INS | —Insured | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
MFH | —Multi-Family Housing | |
PCRB | —Pollution Control Revenue Bond | |
PCRBs | —Pollution Control Revenue Bonds | |
UT | —Unlimited Tax | |
VRDNs | —Variable Rate Demand Notes | |
VRDPs | —Variable Rate Demand Preferreds |
Six Months Ended (unaudited) 4/30/2021 | Year Ended October 31, | Period Ended 10/31/20161 | ||||
2020 | 2019 | 2018 | 2017 | |||
Net Asset Value, Beginning of Period | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.0060 | 0.0137 | 0.0114 | 0.0059 | 0.0020 |
Total From Investment Operations | 0.0001 | 0.0060 | 0.0137 | 0.0114 | 0.0059 | 0.0020 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0001) | (0.0060) | (0.0137) | (0.0114) | (0.0059) | (0.0020) |
Net Asset Value, End of Period | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 |
Total Return2 | 0.00%3 | 0.60% | 1.38% | 1.15% | 0.59% | 0.20% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.10%5 | 0.19% | 0.20% | 0.20% | 0.20% | 0.20%5 |
Net investment income | 0.01%5 | 0.64% | 1.36% | 1.17% | 0.59% | 0.54%5 |
Expense waiver/reimbursement6 | 0.28%5 | 0.18% | 0.16% | 0.18% | 0.20% | 0.22%5 |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $626,664 | $735,236 | $855,998 | $594,047 | $301,268 | $231,159 |
1 | Reflects operations for the period from February 26, 2016 (date of initial public investment) to October 31, 2016. |
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) 4/30/2021 | Year Ended October 31, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.0063 | 0.0142 | 0.0119 | 0.0064 | 0.0020 |
Net realized gain (loss) | — | — | — | — | — | (0.0000)1 |
Total From Investment Operations | 0.0001 | 0.0063 | 0.0142 | 0.0119 | 0.0064 | 0.0020 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0001) | (0.0063) | (0.0142) | (0.0119) | (0.0064) | (0.0020) |
Distributions from net realized gain | — | — | — | — | — | (0.0000)1 |
Total Distributions | (0.0001) | (0.0063) | (0.0142) | (0.0119) | (0.0064) | (0.0020) |
Net Asset Value, End of Period | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 |
Total Return2 | 0.00%3 | 0.64% | 1.43% | 1.20% | 0.64% | 0.25% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.09%5 | 0.15% | 0.15% | 0.15% | 0.15% | 0.14% |
Net investment income | 0.01%5 | 0.72% | 1.42% | 1.21% | 0.65% | 0.26% |
Expense waiver/reimbursement6 | 0.23%5 | 0.17% | 0.16% | 0.18% | 0.20% | 0.36% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $320,307 | $398,163 | $515,446 | $420,808 | $254,460 | $155,223 |
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 | 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 securities, at amortized cost and fair value | $946,760,000 |
Cash | 757,979 |
Income receivable | 80,528 |
Receivable for shares sold | 1,373 |
Total Assets | 947,599,880 |
Liabilities: | |
Payable for shares redeemed | 495,135 |
Income distribution payable | 4,514 |
Payable to adviser (Note 5) | 2,482 |
Payable for administrative fee (Note 5) | 2,033 |
Payable for auditing fees | 6,578 |
Payable for custodian fees | 8,970 |
Payable for transfer agent fees | 9,332 |
Payable for portfolio accounting fees | 61,149 |
Payable for other service fees (Notes 2 and 5) | 9,537 |
Accrued expenses (Note 5) | 29,866 |
Total Liabilities | 629,596 |
Net assets for 946,961,770 shares outstanding | $946,970,284 |
Net Assets Consist of: | |
Paid-in capital | $946,961,770 |
Total distributable earnings (loss) | 8,514 |
Total Net Assets | $946,970,284 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$626,663,733 ÷ 626,664,219 shares outstanding, no par value, unlimited shares authorized | $1.0000 |
Premier Shares: | |
$320,306,551 ÷ 320,297,551 shares outstanding, no par value, unlimited shares authorized | $1.0000 |
Investment Income: | |
Interest | $563,405 |
Expenses: | |
Investment adviser fee (Note 5) | 1,067,384 |
Administrative fee (Note 5) | 417,293 |
Custodian fees | 16,144 |
Transfer agent fees | 27,537 |
Directors’/Trustees’ fees (Note 5) | 2,837 |
Auditing fees | 9,620 |
Legal fees | 5,520 |
Portfolio accounting fees | 85,972 |
Other service fees (Notes 2 and 5) | 170,703 |
Share registration costs | 52,083 |
Printing and postage | 11,537 |
Miscellaneous (Note 5) | 21,998 |
TOTAL EXPENSES | 1,888,628 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 5) | (1,067,384) |
Waivers/reimbursements of other operating expenses (Notes 2 and 5) | (311,207) |
TOTAL WAIVERS AND REIMBURSEMENTS | (1,378,591) |
Net expenses | 510,037 |
Net investment income | 53,368 |
Change in net assets resulting from operations | $53,368 |
Six Months Ended (unaudited) 4/30/2021 | Year Ended 10/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income (loss) | $53,368 | $8,889,292 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 53,368 | 8,889,292 |
Distributions to Shareholders: | ||
Institutional Shares | (34,139) | (4,991,509) |
Premier Shares | (19,148) | (3,892,000) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (53,287) | (8,883,509) |
Share Transactions: | ||
Proceeds from sale of shares | 1,442,346,162 | 4,946,146,680 |
Net asset value of shares issued to shareholders in payment of distributions declared | 23,184 | 3,833,826 |
Cost of shares redeemed | (1,628,798,163) | (5,188,031,333) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (186,428,817) | (238,050,827) |
Change in net assets | (186,428,736) | (238,045,044) |
Net Assets: | ||
Beginning of period | 1,133,399,020 | 1,371,444,064 |
End of period | $946,970,284 | $1,133,399,020 |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Institutional Shares | $170,703 | $(26,300) | $(144,403) |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 307,230,169 | $307,230,169 | 1,542,541,049 | $1,542,541,049 |
Shares issued to shareholders in payment of distributions declared | 14,216 | 14,216 | 1,427,123 | 1,427,123 |
Shares redeemed | (415,816,699) | (415,816,699) | (1,664,731,646) | (1,664,731,646) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (108,572,314) | $(108,572,314) | (120,763,474) | $(120,763,474) |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Premier Shares: | Shares | Amount | Shares | Amount |
Shares sold | 1,135,115,993 | $1,135,115,993 | 3,403,605,631 | $3,403,605,631 |
Shares issued to shareholders in payment of distributions declared | 8,968 | 8,968 | 2,406,703 | 2,406,703 |
Shares redeemed | (1,212,981,464) | (1,212,981,464) | (3,523,299,687) | (3,523,299,687) |
NET CHANGE RESULTING FROM PREMIER SHARE TRANSACTIONS | (77,856,503) | $(77,856,503) | (117,287,353) | $(117,287,353) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (186,428,817) | $(186,428,817) | (238,050,827) | $(238,050,827) |
Short-Term | Long-Term | Total |
$36 | $— | $36 |
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 11/1/2020 | Ending Account Value 4/30/2021 | Expenses Paid During Period1 | |
Actual: | |||
Institutional Shares | $1,000 | $1,000.00 | $20.50 |
Premier Shares | $1,000 | $1,000.00 | $30.45 |
Hypothetical (assuming a 5% return before expenses): | |||
Institutional Shares | $1,000 | $1,024.30 | $20.50 |
Premier Shares | $1,000 | $1,024.35 | $30.45 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Institutional Shares | 0.10% |
Premier Shares | 0.09% |
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 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $0.99 and $1.00, respectively. |
3 | 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 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $0.74 and $0.75, respectively. |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N666
Share Class | Ticker | Institutional | FFTXX |
Federated Hermes Institutional Tax-Free Cash Trust
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Variable Rate Demand Instruments | 98.1% |
Commercial Paper | 1.9% |
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 | 100.0% |
8-30 Days | 0.0% |
31-90 Days | 0.0% |
91-180 Days | 0.0% |
181 Days or more | 0.0% |
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 | SHORT-TERM MUNICIPALS— 100.0% | ||
Alabama— 9.4% | |||
$ 980,000 | Alabama HFA MFH (Double Lake Ventures LLC), (2000 Series A:Turtle Lake) Weekly VRDNs, (FNMA LOC), 0.080%, 5/6/2021 | $980,000 | |
8,000,000 | Columbia, AL IDB PCRB (Alabama Power Co.), (Series 2014-A) Daily VRDNs, 0.060%, 5/3/2021 | 8,000,000 | |
30,450,000 | Columbia, AL IDB PCRB (Alabama Power Co.), (Series C) Daily VRDNs, 0.060%, 5/3/2021 | 30,450,000 | |
28,000,000 | Mobile County, AL IDA Gulf Opportunity Zone (SSAB Alabama, Inc.), (Series 2011) Weekly VRDNs, (Nordea Bank Abp LOC), 0.100%, 5/6/2021 | 28,000,000 | |
1,500,000 | Mobile, AL IDB (Alabama Power Co.), (First Series 2009: Barry Plant) Daily VRDNs, 0.060%, 5/3/2021 | 1,500,000 | |
5,700,000 | Mobile, AL IDB (Alabama Power Co.), (Second Series 2009) Daily VRDNs, 0.060%, 5/3/2021 | 5,700,000 | |
150,000 | Mobile, AL IDB (Alabama Power Co.), PCRBs (Series 2007B) Weekly VRDNs, 0.160%, 5/5/2021 | 150,000 | |
5,100,000 | Mobile, AL IDB (HighProv, LLC), (Series 2006) Weekly VRDNs, (FHLB of Dallas LOC), 0.100%, 5/6/2021 | 5,100,000 | |
9,125,000 | Tuscaloosa County, AL Port Authority (Tuscaloosa Riverfront Development, LLC), (Series 2007: Gulf Opportunity Zone Bonds) Weekly VRDNs, (FHLB of Atlanta LOC), 0.110%, 5/6/2021 | 9,125,000 | |
TOTAL | 89,005,000 | ||
Arizona— 2.5% | |||
4,000,000 | Maricopa County, AZ, IDA Solid Waste Disposal (DC Paloma 2 LLC), (Series 2009) Weekly VRDNs, (CoBank, ACB LOC), 0.100%, 5/6/2021 | 4,000,000 | |
20,000,000 | Yavapai County, AZ IDA - Recovery Zone Facility (Skanon Investments, Inc.), (Series 2010: Drake Cement Project) Weekly VRDNs, (Bank of Nova Scotia, Toronto LOC), 0.100%, 5/6/2021 | 20,000,000 | |
TOTAL | 24,000,000 | ||
California— 9.1% | |||
225,000 | California Enterprise Development Authority (Humane Society Silicon Valley), (Series 2008) Weekly VRDNs, (FHLB of San Francisco LOC), 0.090%, 5/6/2021 | 225,000 | |
5,125,000 | California Enterprise Development Authority (Alvarado Street Bakery), (Series 2007) Weekly VRDNs, (U.S. Bank, N.A. LOC), 0.110%, 5/6/2021 | 5,125,000 | |
6,300,000 | California Enterprise Development Authority (Regional Properties, Inc.), (Series 2010: Recovery Zone Facility) Weekly VRDNs, (FHLB of San Francisco LOC), 0.100%, 5/6/2021 | 6,300,000 | |
34,525,000 | California Statewide Communities Development Authority MFH (Uptown Newport Building Owner, LP), (2017 Series BB: Uptown Newport Apartments) Weekly VRDNs, (FHLB of Des Moines LOC)/(FHLB of San Francisco LOC), 0.110%, 5/6/2021 | 34,525,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 3,450,000 | San Diego County, CA (Museum of Contemporary Art San Diego), (Series 2004) Weekly VRDNs, (Northern Trust Co., Chicago, IL LOC), 0.110%, 5/6/2021 | $3,450,000 | |
36,780,000 | Victorville, CA Joint Powers Financing Authority (Victorville, CA), (Series 2007A: Cogeneration Facility) Weekly VRDNs, (BNP Paribas SA LOC), 0.100%, 5/6/2021 | 36,780,000 | |
TOTAL | 86,405,000 | ||
Connecticut— 1.0% | |||
5,830,000 | Connecticut State Health & Educational Facilities (CIL Community Resources, Inc.), (Series A) Weekly VRDNs, (HSBC Bank USA, N.A. LOC), 0.090%, 5/6/2021 | 5,830,000 | |
3,765,000 | Shelton, CT Housing Authority (Crosby Commons), (Series 1998) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo, NY LOC), 0.110%, 5/6/2021 | 3,765,000 | |
TOTAL | 9,595,000 | ||
Florida— 15.2% | |||
3,310,000 | Coconut Creek, FL (Junior Achievement of South Florida, Inc.), (Series 2007) Weekly VRDNs, (TD Bank, N.A. LOC), 0.130%, 5/6/2021 | 3,310,000 | |
12,250,000 | Escambia County, FL Solid Waste Disposal (Gulf Power Co.) Daily VRDNs, 0.060%, 5/3/2021 | 12,250,000 | |
12,900,000 | Escambia County, FL Solid Waste Disposal (Gulf Power Co.), (First Series 2009) Daily VRDNs, 0.070%, 5/3/2021 | 12,900,000 | |
20,000,000 | Florida HFA (Woodlands Apartments), (Series 1985-SS) Weekly VRDNs, (Northern Trust Co., Chicago, IL LOC), 0.100%, 5/5/2021 | 20,000,000 | |
12,000,000 | Hillsborough County, FL IDA (Baycare Health System), (Series 2020B) Daily VRDNs, (TD Bank, N.A. LOC), 0.040%, 5/3/2021 | 12,000,000 | |
17,740,000 | Jacksonville, FL EDC (JEA, FL Electric System), (Series 2000-A), CP, (U.S. Bank, N.A. LIQ), 0.120%, Mandatory Tender 5/5/2021 | 17,740,000 | |
18,000,000 | JEA, FL Electric System, (Series Three 2008B-2: Senior Revenue Bonds) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.100%, 5/5/2021 | 18,000,000 | |
47,350,000 | St. Lucie County, FL PCRB (Florida Power & Light Co.), (Series 2000) Daily VRDNs, 0.060%, 5/3/2021 | 47,350,000 | |
TOTAL | 143,550,000 | ||
Georgia— 2.3% | |||
21,700,000 | Monroe County, GA Development Authority Pollution Control (Gulf Power Co.), (First Series of 2002) Daily VRDNs, 0.070%, 5/3/2021 | 21,700,000 | |
Illinois— 1.3% | |||
1,500,000 | Illinois Finance Authority (Clearbrook Corp.), (Series 2008) Weekly VRDNs, (BMO Harris Bank, N.A. LOC), 0.070%, 5/6/2021 | 1,500,000 | |
11,200,000 | Jackson-Union Counties, IL Regional Port District Facilities (Enron Transportation Services), (Series 1994) Weekly VRDNs, (Wells Fargo Bank, N.A. LOC), 0.110%, 5/5/2021 | 11,200,000 | |
TOTAL | 12,700,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Indiana— 0.9% | |||
$ 8,170,000 | Valparaiso, IN EDRB (Pines Village Retirement Community, Inc.), (Series 2008) Weekly VRDNs, (Wells Fargo Bank, N.A. LOC), 0.160%, 5/6/2021 | $8,170,000 | |
Iowa— 8.3% | |||
15,100,000 | Iowa Finance Authority (Cargill, Inc.), Midwestern Disaster Area EDRBs (Series 2009A) Weekly VRDNs, 0.090%, 5/6/2021 | 15,100,000 | |
27,200,000 | Iowa Finance Authority (Cargill, Inc.), Midwestern Disaster Area EDRBs (Series 2011A) Weekly VRDNs, 0.090%, 5/6/2021 | 27,200,000 | |
36,500,000 | Iowa Finance Authority (HF Chlor-Alkali, LLC), (Series 2012) Weekly VRDNs, (GTD by Cargill, Inc.), 0.100%, 5/6/2021 | 36,500,000 | |
TOTAL | 78,800,000 | ||
Louisiana— 4.5% | |||
1,225,000 | Hammond Area Economic & Industrial Development District, LA (AGEM Management Services LLC) Weekly VRDNs, (FHLB of Dallas LOC), 0.120%, 5/6/2021 | 1,225,000 | |
12,000,000 | Louisiana Local Government Environmental Facilities CDA (Isidore Newman School), (Series 2002) Weekly VRDNs, (FHLB of Dallas LOC), 0.160%, 5/5/2021 | 12,000,000 | |
3,040,000 | Louisiana Local Government Environmental Facilities CDA (The Academy of the Sacred Heart of New Orleans), (Series 2004) Weekly VRDNs, (FHLB of Dallas LOC), 0.160%, 5/5/2021 | 3,040,000 | |
3,350,000 | Louisiana Local Government Environmental Facilities CDA (The Christ Episcopal Church in Covington), (Series 2004) Weekly VRDNs, (FHLB of Dallas LOC), 0.160%, 5/5/2021 | 3,350,000 | |
2,500,000 | Louisiana Public Facilities Authority (Air Products & Chemicals, Inc.), (Series 2008B) Weekly VRDNs, 0.080%, 5/5/2021 | 2,500,000 | |
16,300,000 | Louisiana Public Facilities Authority (Air Products & Chemicals, Inc.), (Series 2010) Weekly VRDNs, 0.080%, 5/5/2021 | 16,300,000 | |
4,430,000 | St. Tammany Parish Development District, LA (Main Street Holdings of St. Tammany, LLC), (Series 2006A) Weekly VRDNs, (FHLB of Dallas LOC), 0.100%, 5/6/2021 | 4,430,000 | |
TOTAL | 42,845,000 | ||
Maryland— 0.1% | |||
510,000 | Maryland State Economic Development Corp. (Maryland Academy of Sciences), (Series 2003: Maryland Science Center) Weekly VRDNs, (Bank of America N.A. LOC), 0.140%, 5/6/2021 | 510,000 | |
Michigan— 4.3% | |||
16,200,000 | Michigan Strategic Fund (Kroger Co.), (Series 2010) Weekly VRDNs, (MUFG Bank Ltd. LOC), 0.100%, 5/6/2021 | 16,200,000 | |
11,755,000 | St. Joseph, MI Hospital Finance Authority (Lakeland Hospitals at Niles & St. Joseph Obligated Group), (Series 2002) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.090%, 5/6/2021 | 11,755,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Michigan— continued | |||
$13,000,000 | St. Joseph, MI Hospital Finance Authority (Lakeland Hospitals at Niles & St. Joseph Obligated Group), (Series 2006) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.090%, 5/6/2021 | $13,000,000 | |
TOTAL | 40,955,000 | ||
Minnesota— 0.8% | |||
7,500,000 | Moorhead, MN (American Crystal Sugar Co.), Series 2020 Weekly VRDNs, (CoBank, ACB LOC), 0.100%, 5/6/2021 | 7,500,000 | |
Mississippi— 4.7% | |||
44,650,000 | Perry County, MS (Georgia-Pacific LLC), (Series 2002) Weekly VRDNs, 0.160%, 5/6/2021 | 44,650,000 | |
Multi-State— 15.5% | |||
24,000,000 | Nuveen AMT-Free Municipal Credit Income Fund, (Series 4) Weekly VRDPs, (Societe Generale, Paris LIQ), 0.120%, 5/6/2021 | 24,000,000 | |
41,000,000 | Nuveen AMT-Free Municipal Credit Income Fund, (Series 5) Weekly VRDPs, (Societe Generale, Paris LIQ), 0.110%, 5/6/2021 | 41,000,000 | |
6,000,000 | Nuveen Enhanced AMT-Free Municipal Credit Opportunities Fund, (Series 2) Weekly VRDPs, (JPMorgan Chase Bank, N.A. LIQ), 0.120%, 5/6/2021 | 6,000,000 | |
9,000,000 | Nuveen Enhanced AMT-Free Quality Municipal Income Fund, (Series 3) Weekly VRDPs, (TD Bank, N.A. LIQ), 0.120%, 5/6/2021 | 9,000,000 | |
47,100,000 | Nuveen Enhanced AMT-Free Quality Municipal Income Fund, (Series 4) Weekly VRDPs, (Barclays Bank PLC LIQ), 0.120%, 5/6/2021 | 47,100,000 | |
20,000,000 | Nuveen Enhanced AMT-Free Quality Municipal Income Fund, VRDP(Series 5-1000) Weekly VRDPs, (Sumitomo Mitsui Banking Corp. LIQ)/(Sumitomo Mitsui Banking Corp. LOC), 0.110%, 5/6/2021 | 20,000,000 | |
TOTAL | 147,100,000 | ||
Nebraska— 0.2% | |||
1,400,000 | Washington County, NE (Cargill, Inc.), (Series 2010) Weekly VRDNs, 0.100%, 5/6/2021 | 1,400,000 | |
New York— 7.5% | |||
1,000,000 | New York City, NY Municipal Water Finance Authority, (Fiscal 2014 AA-3 Bonds) Daily VRDNs, (TD Bank, N.A. LIQ), 0.040%, 5/3/2021 | 1,000,000 | |
13,500,000 | New York City, NY, (Fiscal 2006 Series I-4) Daily VRDNs, (TD Bank, N.A. LOC), 0.040%, 5/3/2021 | 13,500,000 | |
40,000,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 1) Weekly VRDPs, (Societe Generale, Paris LIQ), 0.110%, 5/6/2021 | 40,000,000 | |
10,000,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 2) Weekly VRDPs, (Royal Bank of Canada LIQ), 0.110%, 5/6/2021 | 10,000,000 | |
6,200,000 | Triborough Bridge & Tunnel Authority, NY, (Series B-2B) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 0.085%, 5/6/2021 | 6,200,000 | |
TOTAL | 70,700,000 | ||
Oregon— 0.9% | |||
8,000,000 | Oregon State Facilities Authority (PeaceHealth), (2018 Series B) Daily VRDNs, (TD Bank, N.A. LOC), 0.040%, 5/3/2021 | 8,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Pennsylvania— 2.6% | |||
$17,525,000 | Pennsylvania EDFA (PPL Energy Supply LLC), (Series C) Weekly VRDNs, (MUFG Bank Ltd. LOC), 0.100%, 5/5/2021 | $17,525,000 | |
7,000,000 | Southcentral PA, General Authority (Wellspan Health Obligated Group), (Series 2019C) Weekly VRDNs, (Bank of America N.A. LIQ), 0.100%, 5/6/2021 | 7,000,000 | |
TOTAL | 24,525,000 | ||
Tennessee— 0.4% | |||
4,130,000 | Blount County, TN Public Building Authority (Bradley County, TN), (Series E-6-A) Weekly VRDNs, (Truist Bank LOC), 0.130%, 5/5/2021 | 4,130,000 | |
Texas— 2.2% | |||
21,145,000 | Tarrant County, TX Cultural Education Facilities Finance Corp. (Baylor Scott & White Health Care System), (Series 2011C) Daily VRDNs, (TD Bank, N.A. LOC), 0.040%, 5/3/2021 | 21,145,000 | |
Utah— 3.4% | |||
30,500,000 | Emery County, UT (Pacificorp), PCRB (Series 1994) Weekly VRDNs, 0.120%, 5/5/2021 | 30,500,000 | |
2,000,000 | St. George, UT IDRB (Apogee Enterprises, Inc.), (Series 2010) Weekly VRDNs, (Wells Fargo Bank, N.A. LOC), 0.100%, 5/6/2021 | 2,000,000 | |
TOTAL | 32,500,000 | ||
Virginia— 0.6% | |||
5,475,000 | Lynchburg, VA Economic Development Authority (Centra Health Obligated Group), (Series 2017C) Weekly VRDNs, (Truist Bank LOC), 0.130%, 5/6/2021 | 5,475,000 | |
West Virginia— 2.3% | |||
21,400,000 | West Virginia State Hospital Finance Authority (Cabell Huntington Hospital), (Series 2008A) Weekly VRDNs, (Truist Bank LOC), 0.130%, 5/6/2021 | 21,400,000 | |
TOTAL INVESTMENT IN SECURITIES—100.0% (AT AMORTIZED COST)2 | 946,760,000 | ||
OTHER ASSETS AND LIABILITIES - NET—0.0%3 | 210,284 | ||
TOTAL NET ASSETS—100% | $946,970,284 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. 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. |
2 | Also represents cost for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
CDA | —Community Development Authority | |
CP | —Commercial Paper | |
EDC | —Economic Development Commission | |
EDFA | —Economic Development Finance Authority | |
EDRB | —Economic Development Revenue Bond | |
EDRBs | —Economic Development Revenue Bonds | |
FHLB | —Federal Home Loan Bank | |
FNMA | —Federal National Mortgage Association | |
GTD | —Guaranteed | |
HFA | —Housing Finance Authority | |
IDA | —Industrial Development Authority | |
IDB | —Industrial Development Bond | |
IDRB | —Industrial Development Revenue Bond | |
INS | —Insured | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
MFH | —Multi-Family Housing | |
PCRB | —Pollution Control Revenue Bond | |
PCRBs | —Pollution Control Revenue Bonds | |
UT | —Unlimited Tax | |
VRDNs | —Variable Rate Demand Notes | |
VRDPs | —Variable Rate Demand Preferreds |
Six Months Ended (unaudited) 4/30/2021 | Year Ended October 31, | Period Ended 10/31/20161 | ||||
2020 | 2019 | 2018 | 2017 | |||
Net Asset Value, Beginning of Period | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.0060 | 0.0137 | 0.0114 | 0.0059 | 0.0020 |
Total From Investment Operations | 0.0001 | 0.0060 | 0.0137 | 0.0114 | 0.0059 | 0.0020 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0001) | (0.0060) | (0.0137) | (0.0114) | (0.0059) | (0.0020) |
Net Asset Value, End of Period | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 |
Total Return2 | 0.00%3 | 0.60% | 1.38% | 1.15% | 0.59% | 0.20% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.10%5 | 0.19% | 0.20% | 0.20% | 0.20% | 0.20%5 |
Net investment income | 0.01%5 | 0.64% | 1.36% | 1.17% | 0.59% | 0.54%5 |
Expense waiver/reimbursement6 | 0.28%5 | 0.18% | 0.16% | 0.18% | 0.20% | 0.22%5 |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $626,664 | $735,236 | $855,998 | $594,047 | $301,268 | $231,159 |
1 | Reflects operations for the period from February 26, 2016 (date of initial public investment) to October 31, 2016. |
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 securities, at amortized cost and fair value | $946,760,000 |
Cash | 757,979 |
Income receivable | 80,528 |
Receivable for shares sold | 1,373 |
Total Assets | 947,599,880 |
Liabilities: | |
Payable for shares redeemed | 495,135 |
Income distribution payable | 4,514 |
Payable to adviser (Note 5) | 2,482 |
Payable for administrative fee (Note 5) | 2,033 |
Payable for auditing fees | 6,578 |
Payable for custodian fees | 8,970 |
Payable for transfer agent fees | 9,332 |
Payable for portfolio accounting fees | 61,149 |
Payable for other service fees (Notes 2 and 5) | 9,537 |
Accrued expenses (Note 5) | 29,866 |
Total Liabilities | 629,596 |
Net assets for 946,961,770 shares outstanding | $946,970,284 |
Net Assets Consist of: | |
Paid-in capital | $946,961,770 |
Total distributable earnings (loss) | 8,514 |
Total Net Assets | $946,970,284 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$626,663,733 ÷ 626,664,219 shares outstanding, no par value, unlimited shares authorized | $1.0000 |
Premier Shares: | |
$320,306,551 ÷ 320,297,551 shares outstanding, no par value, unlimited shares authorized | $1.0000 |
Investment Income: | |
Interest | $563,405 |
Expenses: | |
Investment adviser fee (Note 5) | 1,067,384 |
Administrative fee (Note 5) | 417,293 |
Custodian fees | 16,144 |
Transfer agent fees | 27,537 |
Directors’/Trustees’ fees (Note 5) | 2,837 |
Auditing fees | 9,620 |
Legal fees | 5,520 |
Portfolio accounting fees | 85,972 |
Other service fees (Notes 2 and 5) | 170,703 |
Share registration costs | 52,083 |
Printing and postage | 11,537 |
Miscellaneous (Note 5) | 21,998 |
TOTAL EXPENSES | 1,888,628 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 5) | (1,067,384) |
Waivers/reimbursements of other operating expenses (Notes 2 and 5) | (311,207) |
TOTAL WAIVERS AND REIMBURSEMENTS | (1,378,591) |
Net expenses | 510,037 |
Net investment income | 53,368 |
Change in net assets resulting from operations | $53,368 |
Six Months Ended (unaudited) 4/30/2021 | Year Ended 10/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income (loss) | $53,368 | $8,889,292 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 53,368 | 8,889,292 |
Distributions to Shareholders: | ||
Institutional Shares | (34,139) | (4,991,509) |
Premier Shares | (19,148) | (3,892,000) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (53,287) | (8,883,509) |
Share Transactions: | ||
Proceeds from sale of shares | 1,442,346,162 | 4,946,146,680 |
Net asset value of shares issued to shareholders in payment of distributions declared | 23,184 | 3,833,826 |
Cost of shares redeemed | (1,628,798,163) | (5,188,031,333) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (186,428,817) | (238,050,827) |
Change in net assets | (186,428,736) | (238,045,044) |
Net Assets: | ||
Beginning of period | 1,133,399,020 | 1,371,444,064 |
End of period | $946,970,284 | $1,133,399,020 |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Institutional Shares | $170,703 | $(26,300) | $(144,403) |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 307,230,169 | $307,230,169 | 1,542,541,049 | $1,542,541,049 |
Shares issued to shareholders in payment of distributions declared | 14,216 | 14,216 | 1,427,123 | 1,427,123 |
Shares redeemed | (415,816,699) | (415,816,699) | (1,664,731,646) | (1,664,731,646) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (108,572,314) | $(108,572,314) | (120,763,474) | $(120,763,474) |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Premier Shares: | Shares | Amount | Shares | Amount |
Shares sold | 1,135,115,993 | $1,135,115,993 | 3,403,605,631 | $3,403,605,631 |
Shares issued to shareholders in payment of distributions declared | 8,968 | 8,968 | 2,406,703 | 2,406,703 |
Shares redeemed | (1,212,981,464) | (1,212,981,464) | (3,523,299,687) | (3,523,299,687) |
NET CHANGE RESULTING FROM PREMIER SHARE TRANSACTIONS | (77,856,503) | $(77,856,503) | (117,287,353) | $(117,287,353) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (186,428,817) | $(186,428,817) | (238,050,827) | $(238,050,827) |
Short-Term | Long-Term | Total |
$36 | $— | $36 |
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 11/1/2020 | Ending Account Value 4/30/2021 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,000.00 | $20.50 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,024.30 | $20.50 |
1 | Expenses are equal to the Fund annualized net expense ratio of 0.10%, multiplied by the average account value over the period, multiplied by 181/365 (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 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $0.99 and $1.00, respectively. |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
Share Class | Ticker | Wealth | NISXX | Service | FNTXX | Cash II | NYCXX |
Cash Series | FNCXX |
Federated Hermes New York Municipal Cash Trust
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Variable Rate Demand Instruments | 70.3% |
Municipal Notes | 31.0% |
Other Assets and Liabilities—Net2 | (1.3)% |
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 | 61.1% |
8-30 Days | 0.5% |
31-90 Days | 29.4% |
91-180 Days | 3.4% |
181 Days or more | 6.9% |
Other Assets and Liabilities—Net2 | (1.3)% |
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 | SHORT-TERM MUNICIPALS— 101.3% | ||
New York— 101.3% | |||
$ 710,000 | Albany, NY IDA (Albany Local Development Corp.), (Series 2002: Corning Preserve/Hudson Riverfront) Weekly VRDNs, (KeyBank, N.A. LOC), 0.200%, 5/6/2021 | $710,000 | |
4,000,000 | Albany, NY IDA (Renaissance Corporation of Albany), (Series 2004) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo, NY LOC), 0.110%, 5/6/2021 | 4,000,000 | |
2,734,237 | Arlington, NY CSD BANs, 1.000%, 11/5/2021 | 2,741,236 | |
9,915,000 | Battery Park, NY City Authority, RBC Muni Products (Series 2019-E-137) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.090%, 5/6/2021 | 9,915,000 | |
2,263,050 | Cold Spring, NY BANs, 1.500%, 5/6/2022 | 2,289,211 | |
3,000,000 | Delaware Academy at Delhi, NY CSD BANs, 2.000%, 7/29/2021 | 3,009,737 | |
1,545,000 | East Aurora Village, NY BANs, 1.000%, 6/17/2021 | 1,545,000 | |
1,563,806 | East Meadow, NY Union Free School District, (Series D) BANs, 1.500%, 6/18/2021 | 1,564,721 | |
4,075,000 | East Rochester, NY Union Free School District BANs, 2.000%, 6/25/2021 | 4,081,079 | |
1,245,000 | Erie County, NY IDA (Our Lady of Victory Renaissance Corporation), (Series 2007A) Weekly VRDNs, (HSBC Bank USA, N.A. LOC), 0.090%, 5/6/2021 | 1,245,000 | |
10,000,000 | Gates Chili, NY CSD BANs, 0.750%, 6/29/2021 | 10,008,103 | |
5,000,000 | Granville, NY CSD, (Series A) BANs, 1.250%, 6/18/2021 | 5,002,933 | |
1,600,000 | Great Neck Plaza, NY BANs, 1.500%, 4/20/2022 | 1,618,870 | |
1,330,420 | Guilderland, NY CSD BANs, 1.250%, 7/9/2021 | 1,331,793 | |
2,500,000 | Hoosick Falls, NY CSD BANs, 1.000%, 9/10/2021 | 2,505,217 | |
6,750,000 | Hudson Yards Infrastructure Corp. NY, Tender Option Bond Trust Certificates (Series 2020-XF2859) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.160%, 5/6/2021 | 6,750,000 | |
5,030,000 | Hudson Yards Infrastructure Corp. NY, Tender Option Bond Trust Receipts (Series 2019-ZM0737) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.130%, 5/6/2021 | 5,030,000 | |
3,000,000 | Keene, NY CSD BANs, 1.250%, 11/19/2021 | 3,015,240 | |
5,000,000 | Lewiston-Porter, NY CSD BANs, 1.250%, 6/16/2021 | 5,003,753 | |
6,200,000 | Lyndonville, NY CSD BANs, 1.250%, 6/10/2021 | 6,204,047 | |
6,000,000 | Mechanicville, NY City School District BANs, 1.000%, 6/18/2021 | 6,000,000 | |
18,445,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Clipper Tax-Exempt Certificates Trust (Series 2009-71) Weekly VRDNs, (State Street Bank and Trust Co. LIQ)/(State Street Bank and Trust Co. LOC), 0.110%, 5/6/2021 | 18,445,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$ 5,000,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Tender Option Bond Trust Receipts (Series 2018-XM0697) Weekly VRDNs, (Bank of America N.A. LIQ)/(Bank of America N.A. LOC), 0.120%, 5/6/2021 | $5,000,000 | |
16,685,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Tender Option Bond Trust Receipts (Series 2020-XF0917) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.160%, 5/6/2021 | 16,685,000 | |
16,670,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Tender Option Bond Trust Receipts (Series 2020-XM0826) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.160%, 5/6/2021 | 16,670,000 | |
13,330,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Tender Option Bond Trust Receipts (Series 2020-XM0835) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.160%, 5/6/2021 | 13,330,000 | |
3,075,000 | Monroe County, NY IDA (Continuing Developmental Services, Inc.), (Series 2007) Weekly VRDNs, (Citizens Bank, N.A., Providence LOC), 0.200%, 5/6/2021 | 3,075,000 | |
3,725,000 | Nassau County, NY, RBC Muni Products (Series 2018 G-5) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.090%, 5/6/2021 | 3,725,000 | |
8,960,000 | Nassau County, NY, Tender Option Bond Trust Certificates (Series 2019-XF2815) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Barclays Bank PLC LIQ), 0.120%, 5/6/2021 | 8,960,000 | |
8,700,000 | Nassau County, NY, Tender Option Bond Trust Certificates (Series 2019-XF2816) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.110%, 5/6/2021 | 8,700,000 | |
4,000,000 | New York City Housing Development Corp., Tender Option Bond Trust Certificates (Series 2019-ZF2787) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.090%, 5/6/2021 | 4,000,000 | |
2,430,000 | New York City, NY Municipal Water Finance Authority, (Series 2014AA-8) Daily VRDNs, (Mizuho Bank Ltd. LIQ), 0.040%, 5/3/2021 | 2,430,000 | |
3,700,000 | New York City, NY Municipal Water Finance Authority, Second General Resolution (Fiscal 2011 Series DD-1) Daily VRDNs, (TD Bank, N.A. LIQ), 0.040%, 5/3/2021 | 3,700,000 | |
15,000,000 | New York City, NY Transitional Finance Authority, Stage Trust 3a-7 (Series 2020-002) VRENs, (Wells Fargo Bank, N.A. LIQ), 0.210%, 5/6/2021 | 15,000,000 | |
10,620,000 | New York City, NY, Stage Trust 3a-7 (Series 2020-003) VRENs, (Wells Fargo Bank, N.A. LIQ), 0.260%, 5/6/2021 | 10,620,000 | |
7,000,000 | New York State Dormitory Authority (New York City, NY), RBC Muni Products Inc Trust (Series E-146) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.090%, 5/6/2021 | 7,000,000 | |
3,750,000 | New York State Dormitory Authority (New York State Personal Income Tax Revenue Bond Fund), Tender Option Bond Trust Receipts (Series 2020-XF0951) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.090%, 5/6/2021 | 3,750,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$10,000,000 | New York State Dormitory Authority (St. John’s University), Clipper Tax-Exempt Certificates Trust (2009-45) TOBs, (State Street Bank and Trust Co. LIQ)/(State Street Bank and Trust Co. LOC), 0.230%, Optional Tender 6/24/2021 | $10,000,000 | |
5,600,000 | New York State Dormitory Authority State Personal Income Tax Revenue, Tender Option Bond Trust Receipts (Series 2018-XG0218) Weekly VRDNs, (Bank of America N.A. LIQ), 0.090%, 5/6/2021 | 5,600,000 | |
2,535,000 | New York State HFA (600 West 42nd Street), (2009 Series A) Weekly VRDNs, (FNMA LOC), 0.050%, 5/5/2021 | 2,535,000 | |
2,950,000 | New York State HFA, Tender Option Bond Trust Certificates (Series 2019-ZF2800) Weekly VRDNs, (Barclays Bank PLC LIQ), 0.100%, 5/6/2021 | 2,950,000 | |
2,250,000 | New York State Power Authority, Tender Option Bond Trust Receipts (Series 2020-XF0945) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.090%, 5/6/2021 | 2,250,000 | |
2,250,000 | New York State Power Authority, Tender Option Bond Trust Receipts (Series 2020-XF0946) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.090%, 5/6/2021 | 2,250,000 | |
3,000,000 | New York State Power Authority, Tender Option Bond Trust Receipts (Series 2020-XF0947) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.090%, 5/6/2021 | 3,000,000 | |
5,000,000 | New York State Power Authority, Tender Option Bond Trust Receipts (Series 2020-ZF0949) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.090%, 5/6/2021 | 5,000,000 | |
5,500,000 | New York State Urban Development Corp. (New York State Personal Income Tax Revenue Bond Fund), Clipper Tax-Exempt Certificates Trust (Series 2009-35) Weekly VRDNs, (State Street Bank and Trust Co. LIQ)/(State Street Bank and Trust Co. LOC), 0.080%, 5/6/2021 | 5,500,000 | |
7,500,000 | New York State Urban Development Corp. (New York State Personal Income Tax Revenue Bond Fund), Tender Option Bond Trust Receipts (Series 2018-XM0636) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.090%, 5/6/2021 | 7,500,000 | |
4,010,560 | Niskayuna, NY BANs, 1.500%, 2/25/2022 | 4,053,314 | |
14,500,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 1) Weekly VRDPs, (Societe Generale, Paris LIQ), 0.110%, 5/6/2021 | 14,500,000 | |
10,000,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 5) Weekly VRDPs, (TD Bank, N.A. LIQ), 0.110%, 5/6/2021 | 10,000,000 | |
4,230,000 | Onondaga County, NY IDA (Syracuse Research Corp.), (Series 2007) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo, NY LOC), 0.110%, 5/6/2021 | 4,230,000 | |
7,485,000 | Ontario County, NY Industrial Development Agency (Friends of the Finger Lakes Performing Arts Center, Inc.), (Series 2005A) Monthly VRDNs, (Citizens Bank, N.A., Providence LOC), 0.450%, 5/3/2021 | 7,485,000 | |
1,500,000 | Orange County, NY IDA (Tuxedo Park School), (Series 2002) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo, NY LOC), 0.110%, 5/6/2021 | 1,500,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$ 1,100,000 | Port Authority of New York and New Jersey, Tender Option Bond Trust Certificates (2015-ZM0099) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.140%, 5/6/2021 | $1,100,000 | |
1,175,000 | Rensselaer County, NY IDA (WMHT Educational Telecommunications), Civic Facility Revenue Bonds (Series 2003A) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo, NY LOC), 0.110%, 5/6/2021 | 1,175,000 | |
8,000,000 | Salina, NY BANs, 1.250%, 6/11/2021 | 8,005,805 | |
4,000,000 | Schoharie County, NY BANs, 1.500%, 6/18/2021 | 4,004,966 | |
2,484,400 | Sidney, NY CSD BANs, 1.250%, 8/6/2021 | 2,488,665 | |
2,229,095 | South Jefferson, NY CSD BANs, 0.750%, 2/11/2022 | 2,237,269 | |
2,500,000 | Sweet Home, NY CSD BANs, 1.250%, 7/8/2021 | 2,502,914 | |
2,100,000 | Triborough Bridge & Tunnel Authority, NY, (Series B-2A) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 0.100%, 5/5/2021 | 2,100,000 | |
4,000,000 | Trumansburg, NY CSD BANs, 1.000%, 6/16/2021 | 4,003,393 | |
4,000,000 | Trust for Cultural Resources of the City of New York (American Museum of National History), (Series 2014 B-1) TOBs, 0.160%, Mandatory Tender 11/5/2021 | 4,000,000 | |
5,000,000 | Union Endicott, NY CSD BANs, 1.500%, 7/30/2021 | 5,012,975 | |
4,470,000 | Utica, NY Industrial Development Agency Civic Facility (Munson-Williams- Proctor Arts Institute), (Series 2006) Weekly VRDNs, (Citizens Bank, N.A., Providence LOC), 0.120%, 5/6/2021 | 4,470,000 | |
1,972,500 | Watertown, NY (City of) BANs, 1.750%, 5/19/2021 | 1,972,989 | |
4,710,000 | Watertown, NY (Town of) BANs, 1.500%, 4/14/2022 | 4,761,424 | |
2,000,000 | Waterville, NY CSD BANs, 1.500%, 8/13/2021 | 2,006,571 | |
TOTAL INVESTMENT IN SECURITIES—101.3% (AT AMORTIZED COST)2 | 362,856,225 | ||
OTHER ASSETS AND LIABILITIES - NET—(1.3)%3 | (4,624,390) | ||
TOTAL NET ASSETS—100% | $358,231,835 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. 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. |
2 | Also represents cost for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
BANs | —Bond Anticipation Notes | |
CSD | —Central School District | |
FNMA | —Federal National Mortgage Association | |
HFA | —Housing Finance Authority | |
IDA | —Industrial Development Authority | |
INS | —Insured | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
TOBs | —Tender Option Bonds | |
VRDNs | —Variable Rate Demand Notes | |
VRDPs | —Variable Rate Demand Preferreds | |
VRENs | —Variable Rate Extendible Notes |
Six Months Ended (unaudited) 4/30/2021 | Year Ended October 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 | 0.013 | 0.011 | 0.006 | 0.002 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | — | 0.0001 | — |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.006 | 0.013 | 0.011 | 0.006 | 0.002 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.006) | (0.013) | (0.011) | (0.006) | (0.002) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | — | (0.000)1 | — | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.006) | (0.013) | (0.011) | (0.006) | (0.002) |
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% | 1.33% | 1.08% | 0.56% | 0.16% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.25%5 | 0.32% | 0.32% | 0.32% | 0.32% | 0.22%6 |
Net investment income | 0.01%5 | 0.64% | 1.31% | 1.10% | 0.58% | 0.10% |
Expense waiver/reimbursement7 | 0.29%5 | 0.19% | 0.17% | 0.25% | 0.34% | 0.40% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $129,756 | $179,225 | $326,684 | $211,511 | $111,061 | $70,496 |
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 | The net expense ratio is calculated without reduction for expense offset arrangements. The net expense ratio for the year ended October 31, 2016, was 0.22% after taking into account these expense reductions. |
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) 4/30/2021 | Year Ended October 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 | 0.009 | 0.003 | 0.001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | — | 0.0001 | — |
Total From Investment Operations | 0.0001 | 0.004 | 0.011 | 0.009 | 0.003 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.004) | (0.011) | (0.009) | (0.003) | (0.001) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | — | (0.000)1 | — | (0.000)1 |
Total Distributions | (0.000)1 | (0.004) | (0.011) | (0.009) | (0.003) | (0.001) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.00%3 | 0.43% | 1.11% | 0.86% | 0.34% | 0.06% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.25%5 | 0.46% | 0.54% | 0.54% | 0.54% | 0.30%6 |
Net investment income | 0.01%5 | 0.42% | 1.09% | 0.82% | 0.35% | 0.02% |
Expense waiver/reimbursement7 | 0.79%5 | 0.55% | 0.45% | 0.55% | 0.62% | 0.79% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $188,748 | $221,000 | $219,665 | $28,662 | $64,510 | $35,692 |
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 | The net expense ratio is calculated without reduction for expense offset arrangements. The net expense ratio for the year ended October 31, 2016, was 0.30% after taking into account these expense reductions. |
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) 4/30/2021 | Year Ended October 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 | 0.003 | 0.009 | 0.006 | 0.001 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | — | 0.0001 | — |
Total From Investment Operations | 0.0001 | 0.003 | 0.009 | 0.006 | 0.001 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.003) | (0.009) | (0.006) | (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 | (0.003) | (0.009) | (0.006) | (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 | 0.32% | 0.87% | 0.63% | 0.13% | 0.02% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.25%5 | 0.61% | 0.77% | 0.77% | 0.76% | 0.29%6 |
Net investment income | 0.01%5 | 0.37% | 0.87% | 0.62% | 0.13% | 0.01% |
Expense waiver/reimbursement7 | 0.79%5 | 0.40% | 0.22% | 0.32% | 0.41% | 0.81% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $8,145 | $7,515 | $9,952 | $9,535 | $10,982 | $8,457 |
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 | The net expense ratio is calculated without reduction for expense offset arrangements. The net expense ratio for the year ended October 31, 2016, was 0.29% after taking into account these expense reductions. |
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) 4/30/2021 | Year Ended October 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 | 0.002 | 0.006 | 0.004 | 0.0001 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | — | 0.0001 | — |
Total From Investment Operations | 0.0001 | 0.002 | 0.006 | 0.004 | 0.0001 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.002) | (0.006) | (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 | (0.002) | (0.006) | (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 | 0.21% | 0.62% | 0.38% | 0.01% | 0.02% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.25%5 | 0.71% | 1.02% | 1.02% | 0.86% | 0.36%6 |
Net investment income | 0.01%5 | 0.21% | 0.63% | 0.33% | 0.01% | 0.01% |
Expense waiver/reimbursement7 | 1.14%5 | 0.65% | 0.32% | 0.42% | 0.65% | 1.11% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $31,582 | $26,151 | $25,450 | $35,414 | $141,388 | $172,288 |
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 | The net expense ratio is calculated without reduction for expense offset arrangements. The net expense ratio for the year ended October 31, 2016, was 0.36% after taking into account these expense reductions. |
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 amortized cost and fair value | $362,856,225 |
Cash | 135,233 |
Income receivable | 811,914 |
Receivable for shares sold | 53,301 |
Total Assets | 363,856,673 |
Liabilities: | |
Payable for investments purchased | 5,304,451 |
Payable for shares redeemed | 202,150 |
Income distribution payable | 210 |
Payable for investment adviser fee (Note 4) | 14,282 |
Payable for administrative fee (Note 4) | 769 |
Accrued expenses (Note 4) | 102,976 |
Total Liabilities | 5,624,838 |
Net assets for 358,208,731 shares outstanding | $358,231,835 |
Net Assets Consist of: | |
Paid-in capital | $358,208,731 |
Total distributable earnings (loss) | 23,104 |
Total Net Assets | $358,231,835 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Wealth Shares: | |
$129,755,891 ÷ 129,747,526 outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$188,748,469 ÷ 188,736,291 outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$8,145,198 ÷ 8,144,673 outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$31,582,277 ÷ 31,580,241 outstanding, no par value, unlimited shares authorized | $1.00 |
Investment Income: | |
Interest | $521,241 |
Expenses: | |
Investment adviser fee (Note 4) | 597,488 |
Administrative fee (Note 4) | 155,940 |
Custodian fees | 7,819 |
Transfer agent fees (Note 2) | 161,037 |
Directors’/Trustees’ fees (Note 4) | 1,276 |
Auditing fees | 10,414 |
Legal fees | 8,760 |
Portfolio accounting fees | 70,083 |
Distribution services fee (Note 4) | 358,125 |
Other service fees (Notes 2 and 4) | 304,980 |
Share registration costs | 56,953 |
Printing and postage | 13,709 |
Miscellaneous (Note 4) | 4,651 |
TOTAL EXPENSES | 1,751,235 |
Waivers and Reimbursement: | |
Waiver of investment adviser fee (Note 4) | (560,738) |
Waivers/reimbursement of other operating expenses (Notes 2 and 4) | (684,816) |
TOTAL WAIVERS AND REIMBURSEMENT | (1,245,554) |
Net expenses | 505,681 |
Net investment income | 15,560 |
Net realized gain on investments | 14,552 |
Change in net assets resulting from operations | $30,112 |
Six Months Ended (unaudited) 4/30/2021 | Year Ended 10/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $15,560 | $2,801,570 |
Net realized gain (loss) | 14,552 | 11 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 30,112 | 2,801,581 |
Distributions to Shareholders: | ||
Wealth Shares | (7,688) | (1,748,534) |
Service Shares | (10,332) | (989,900) |
Cash II Shares | (403) | (39,609) |
Cash Series Shares | (1,494) | (56,641) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (19,917) | (2,834,684) |
Share Transactions: | ||
Proceeds from sale of shares | 218,285,558 | 728,478,378 |
Net asset value of shares issued to shareholders in payment of distributions declared | 18,288 | 2,631,762 |
Cost of shares redeemed | (293,974,234) | (878,935,813) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (75,670,388) | (147,825,673) |
Change in net assets | (75,660,193) | (147,858,776) |
Net Assets: | ||
Beginning of period | 433,892,028 | 581,750,804 |
End of period | $358,231,835 | $433,892,028 |
Transfer Agent Fees Incurred | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Wealth Shares | $61,945 | $(465) |
Service Shares | 83,679 | (723) |
Cash II Shares | 3,272 | (29) |
Cash Series Shares | 12,141 | (106) |
TOTAL | $161,037 | $(1,323) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $257,563 | $(1,593) | $(255,970) |
Cash II Shares | 10,061 | — | (10,061) |
Cash Series Shares | 37,356 | (1) | (37,355) |
TOTAL | $304,980 | $(1,594) | $(303,386) |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Wealth Shares: | Shares | Amount | Shares | Amount |
Shares sold | 85,548,472 | $85,548,472 | 312,197,082 | $312,197,082 |
Shares issued to shareholders in payment of distributions declared | 6,146 | 6,146 | 1,568,473 | 1,568,473 |
Shares redeemed | (135,026,919) | (135,026,919) | (461,203,973) | (461,203,973) |
NET CHANGE RESULTING FROM WEALTH SHARE TRANSACTIONS | (49,472,301) | $(49,472,301) | (147,438,418) | $(147,438,418) |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 96,514,924 | $96,514,924 | 337,808,998 | $337,808,998 |
Shares issued to shareholders in payment of distributions declared | 10,256 | 10,256 | 968,768 | 968,768 |
Shares redeemed | (128,782,329) | (128,782,329) | (337,431,788) | (337,431,788) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (32,257,149) | $(32,257,149) | 1,345,978 | $1,345,978 |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 6,315,969 | $6,315,969 | 12,357,244 | $12,357,244 |
Shares issued to shareholders in payment of distributions declared | 402 | 402 | 39,403 | 39,403 |
Shares redeemed | (5,686,958) | (5,686,958) | (14,832,345) | (14,832,345) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | 629,413 | $629,413 | (2,435,698) | $(2,435,698) |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 29,906,193 | $29,906,193 | 66,115,054 | $66,115,054 |
Shares issued to shareholders in payment of distributions declared | 1,484 | 1,484 | 55,118 | 55,118 |
Shares redeemed | (24,478,028) | (24,478,028) | (65,467,707) | (65,467,707) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | 5,429,649 | $5,429,649 | 702,465 | $702,465 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (75,670,388) | $(75,670,388) | (147,825,673) | $(147,825,673) |
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 | |
Service Shares | 0.25% |
Cash II Shares | 0.25% |
Cash Series Shares | 0.60% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Service Shares | $258,283 | $(258,283) |
Cash II Shares | 10,079 | (10,079) |
Cash Series Shares | 89,763 | (89,763) |
TOTAL | $358,125 | $(358,125) |
Beginning Account Value 11/1/2020 | Ending Account Value 4/30/2021 | Expenses Paid During Period1 | |
Actual: | |||
Wealth Shares | $21,000 | $1,000.01 | $21.24 |
Service Shares | $21,000 | $1,000.01 | $31.24 |
Cash II Shares | $21,000 | $1,000.01 | $41.24 |
Cash Series Shares | $21,000 | $1,000.01 | $51.24 |
Hypothetical (assuming a 5% return before expenses): | |||
Wealth Shares | $21,000 | $1,023.55 | $21.25 |
Service Shares | $21,000 | $1,023.55 | $31.25 |
Cash II Shares | $21,000 | $1,023.55 | $41.25 |
Cash Series Shares | $21,000 | $1,023.55 | $51.25 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Wealth Shares | 0.25% |
Service Shares | 0.25% |
Cash II Shares | 0.25% |
Cash Series Shares | 0.25% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Wealth Shares current Fee Limit of 0.32% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.59 and $1.61, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Service Shares current Fee Limit of 0.54% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.68 and $2.71, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash II Shares current Fee Limit of 0.77% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $3.82 and $3.86, respectively. |
5 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash Series Shares current Fee Limit of 1.02% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $5.06 and $5.12, respectively. |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N294
CUSIP 60934N310
CUSIP 608919866
Share Class | Ticker | Wealth | NISXX |
Federated Hermes New York Municipal Cash Trust
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Variable Rate Demand Instruments | 70.3% |
Municipal Notes | 31.0% |
Other Assets and Liabilities—Net2 | (1.3)% |
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 | 61.1% |
8-30 Days | 0.5% |
31-90 Days | 29.4% |
91-180 Days | 3.4% |
181 Days or more | 6.9% |
Other Assets and Liabilities—Net2 | (1.3)% |
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 | SHORT-TERM MUNICIPALS— 101.3% | ||
New York— 101.3% | |||
$ 710,000 | Albany, NY IDA (Albany Local Development Corp.), (Series 2002: Corning Preserve/Hudson Riverfront) Weekly VRDNs, (KeyBank, N.A. LOC), 0.200%, 5/6/2021 | $710,000 | |
4,000,000 | Albany, NY IDA (Renaissance Corporation of Albany), (Series 2004) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo, NY LOC), 0.110%, 5/6/2021 | 4,000,000 | |
2,734,237 | Arlington, NY CSD BANs, 1.000%, 11/5/2021 | 2,741,236 | |
9,915,000 | Battery Park, NY City Authority, RBC Muni Products (Series 2019-E-137) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.090%, 5/6/2021 | 9,915,000 | |
2,263,050 | Cold Spring, NY BANs, 1.500%, 5/6/2022 | 2,289,211 | |
3,000,000 | Delaware Academy at Delhi, NY CSD BANs, 2.000%, 7/29/2021 | 3,009,737 | |
1,545,000 | East Aurora Village, NY BANs, 1.000%, 6/17/2021 | 1,545,000 | |
1,563,806 | East Meadow, NY Union Free School District, (Series D) BANs, 1.500%, 6/18/2021 | 1,564,721 | |
4,075,000 | East Rochester, NY Union Free School District BANs, 2.000%, 6/25/2021 | 4,081,079 | |
1,245,000 | Erie County, NY IDA (Our Lady of Victory Renaissance Corporation), (Series 2007A) Weekly VRDNs, (HSBC Bank USA, N.A. LOC), 0.090%, 5/6/2021 | 1,245,000 | |
10,000,000 | Gates Chili, NY CSD BANs, 0.750%, 6/29/2021 | 10,008,103 | |
5,000,000 | Granville, NY CSD, (Series A) BANs, 1.250%, 6/18/2021 | 5,002,933 | |
1,600,000 | Great Neck Plaza, NY BANs, 1.500%, 4/20/2022 | 1,618,870 | |
1,330,420 | Guilderland, NY CSD BANs, 1.250%, 7/9/2021 | 1,331,793 | |
2,500,000 | Hoosick Falls, NY CSD BANs, 1.000%, 9/10/2021 | 2,505,217 | |
6,750,000 | Hudson Yards Infrastructure Corp. NY, Tender Option Bond Trust Certificates (Series 2020-XF2859) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.160%, 5/6/2021 | 6,750,000 | |
5,030,000 | Hudson Yards Infrastructure Corp. NY, Tender Option Bond Trust Receipts (Series 2019-ZM0737) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.130%, 5/6/2021 | 5,030,000 | |
3,000,000 | Keene, NY CSD BANs, 1.250%, 11/19/2021 | 3,015,240 | |
5,000,000 | Lewiston-Porter, NY CSD BANs, 1.250%, 6/16/2021 | 5,003,753 | |
6,200,000 | Lyndonville, NY CSD BANs, 1.250%, 6/10/2021 | 6,204,047 | |
6,000,000 | Mechanicville, NY City School District BANs, 1.000%, 6/18/2021 | 6,000,000 | |
18,445,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Clipper Tax-Exempt Certificates Trust (Series 2009-71) Weekly VRDNs, (State Street Bank and Trust Co. LIQ)/(State Street Bank and Trust Co. LOC), 0.110%, 5/6/2021 | 18,445,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$ 5,000,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Tender Option Bond Trust Receipts (Series 2018-XM0697) Weekly VRDNs, (Bank of America N.A. LIQ)/(Bank of America N.A. LOC), 0.120%, 5/6/2021 | $5,000,000 | |
16,685,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Tender Option Bond Trust Receipts (Series 2020-XF0917) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.160%, 5/6/2021 | 16,685,000 | |
16,670,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Tender Option Bond Trust Receipts (Series 2020-XM0826) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.160%, 5/6/2021 | 16,670,000 | |
13,330,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Tender Option Bond Trust Receipts (Series 2020-XM0835) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.160%, 5/6/2021 | 13,330,000 | |
3,075,000 | Monroe County, NY IDA (Continuing Developmental Services, Inc.), (Series 2007) Weekly VRDNs, (Citizens Bank, N.A., Providence LOC), 0.200%, 5/6/2021 | 3,075,000 | |
3,725,000 | Nassau County, NY, RBC Muni Products (Series 2018 G-5) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.090%, 5/6/2021 | 3,725,000 | |
8,960,000 | Nassau County, NY, Tender Option Bond Trust Certificates (Series 2019-XF2815) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Barclays Bank PLC LIQ), 0.120%, 5/6/2021 | 8,960,000 | |
8,700,000 | Nassau County, NY, Tender Option Bond Trust Certificates (Series 2019-XF2816) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.110%, 5/6/2021 | 8,700,000 | |
4,000,000 | New York City Housing Development Corp., Tender Option Bond Trust Certificates (Series 2019-ZF2787) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.090%, 5/6/2021 | 4,000,000 | |
2,430,000 | New York City, NY Municipal Water Finance Authority, (Series 2014AA-8) Daily VRDNs, (Mizuho Bank Ltd. LIQ), 0.040%, 5/3/2021 | 2,430,000 | |
3,700,000 | New York City, NY Municipal Water Finance Authority, Second General Resolution (Fiscal 2011 Series DD-1) Daily VRDNs, (TD Bank, N.A. LIQ), 0.040%, 5/3/2021 | 3,700,000 | |
15,000,000 | New York City, NY Transitional Finance Authority, Stage Trust 3a-7 (Series 2020-002) VRENs, (Wells Fargo Bank, N.A. LIQ), 0.210%, 5/6/2021 | 15,000,000 | |
10,620,000 | New York City, NY, Stage Trust 3a-7 (Series 2020-003) VRENs, (Wells Fargo Bank, N.A. LIQ), 0.260%, 5/6/2021 | 10,620,000 | |
7,000,000 | New York State Dormitory Authority (New York City, NY), RBC Muni Products Inc Trust (Series E-146) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.090%, 5/6/2021 | 7,000,000 | |
3,750,000 | New York State Dormitory Authority (New York State Personal Income Tax Revenue Bond Fund), Tender Option Bond Trust Receipts (Series 2020-XF0951) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.090%, 5/6/2021 | 3,750,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$10,000,000 | New York State Dormitory Authority (St. John’s University), Clipper Tax-Exempt Certificates Trust (2009-45) TOBs, (State Street Bank and Trust Co. LIQ)/(State Street Bank and Trust Co. LOC), 0.230%, Optional Tender 6/24/2021 | $10,000,000 | |
5,600,000 | New York State Dormitory Authority State Personal Income Tax Revenue, Tender Option Bond Trust Receipts (Series 2018-XG0218) Weekly VRDNs, (Bank of America N.A. LIQ), 0.090%, 5/6/2021 | 5,600,000 | |
2,535,000 | New York State HFA (600 West 42nd Street), (2009 Series A) Weekly VRDNs, (FNMA LOC), 0.050%, 5/5/2021 | 2,535,000 | |
2,950,000 | New York State HFA, Tender Option Bond Trust Certificates (Series 2019-ZF2800) Weekly VRDNs, (Barclays Bank PLC LIQ), 0.100%, 5/6/2021 | 2,950,000 | |
2,250,000 | New York State Power Authority, Tender Option Bond Trust Receipts (Series 2020-XF0945) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.090%, 5/6/2021 | 2,250,000 | |
2,250,000 | New York State Power Authority, Tender Option Bond Trust Receipts (Series 2020-XF0946) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.090%, 5/6/2021 | 2,250,000 | |
3,000,000 | New York State Power Authority, Tender Option Bond Trust Receipts (Series 2020-XF0947) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.090%, 5/6/2021 | 3,000,000 | |
5,000,000 | New York State Power Authority, Tender Option Bond Trust Receipts (Series 2020-ZF0949) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.090%, 5/6/2021 | 5,000,000 | |
5,500,000 | New York State Urban Development Corp. (New York State Personal Income Tax Revenue Bond Fund), Clipper Tax-Exempt Certificates Trust (Series 2009-35) Weekly VRDNs, (State Street Bank and Trust Co. LIQ)/(State Street Bank and Trust Co. LOC), 0.080%, 5/6/2021 | 5,500,000 | |
7,500,000 | New York State Urban Development Corp. (New York State Personal Income Tax Revenue Bond Fund), Tender Option Bond Trust Receipts (Series 2018-XM0636) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.090%, 5/6/2021 | 7,500,000 | |
4,010,560 | Niskayuna, NY BANs, 1.500%, 2/25/2022 | 4,053,314 | |
14,500,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 1) Weekly VRDPs, (Societe Generale, Paris LIQ), 0.110%, 5/6/2021 | 14,500,000 | |
10,000,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 5) Weekly VRDPs, (TD Bank, N.A. LIQ), 0.110%, 5/6/2021 | 10,000,000 | |
4,230,000 | Onondaga County, NY IDA (Syracuse Research Corp.), (Series 2007) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo, NY LOC), 0.110%, 5/6/2021 | 4,230,000 | |
7,485,000 | Ontario County, NY Industrial Development Agency (Friends of the Finger Lakes Performing Arts Center, Inc.), (Series 2005A) Monthly VRDNs, (Citizens Bank, N.A., Providence LOC), 0.450%, 5/3/2021 | 7,485,000 | |
1,500,000 | Orange County, NY IDA (Tuxedo Park School), (Series 2002) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo, NY LOC), 0.110%, 5/6/2021 | 1,500,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$ 1,100,000 | Port Authority of New York and New Jersey, Tender Option Bond Trust Certificates (2015-ZM0099) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.140%, 5/6/2021 | $1,100,000 | |
1,175,000 | Rensselaer County, NY IDA (WMHT Educational Telecommunications), Civic Facility Revenue Bonds (Series 2003A) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo, NY LOC), 0.110%, 5/6/2021 | 1,175,000 | |
8,000,000 | Salina, NY BANs, 1.250%, 6/11/2021 | 8,005,805 | |
4,000,000 | Schoharie County, NY BANs, 1.500%, 6/18/2021 | 4,004,966 | |
2,484,400 | Sidney, NY CSD BANs, 1.250%, 8/6/2021 | 2,488,665 | |
2,229,095 | South Jefferson, NY CSD BANs, 0.750%, 2/11/2022 | 2,237,269 | |
2,500,000 | Sweet Home, NY CSD BANs, 1.250%, 7/8/2021 | 2,502,914 | |
2,100,000 | Triborough Bridge & Tunnel Authority, NY, (Series B-2A) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 0.100%, 5/5/2021 | 2,100,000 | |
4,000,000 | Trumansburg, NY CSD BANs, 1.000%, 6/16/2021 | 4,003,393 | |
4,000,000 | Trust for Cultural Resources of the City of New York (American Museum of National History), (Series 2014 B-1) TOBs, 0.160%, Mandatory Tender 11/5/2021 | 4,000,000 | |
5,000,000 | Union Endicott, NY CSD BANs, 1.500%, 7/30/2021 | 5,012,975 | |
4,470,000 | Utica, NY Industrial Development Agency Civic Facility (Munson-Williams- Proctor Arts Institute), (Series 2006) Weekly VRDNs, (Citizens Bank, N.A., Providence LOC), 0.120%, 5/6/2021 | 4,470,000 | |
1,972,500 | Watertown, NY (City of) BANs, 1.750%, 5/19/2021 | 1,972,989 | |
4,710,000 | Watertown, NY (Town of) BANs, 1.500%, 4/14/2022 | 4,761,424 | |
2,000,000 | Waterville, NY CSD BANs, 1.500%, 8/13/2021 | 2,006,571 | |
TOTAL INVESTMENT IN SECURITIES—101.3% (AT AMORTIZED COST)2 | 362,856,225 | ||
OTHER ASSETS AND LIABILITIES - NET—(1.3)%3 | (4,624,390) | ||
TOTAL NET ASSETS—100% | $358,231,835 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. 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. |
2 | Also represents cost for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
BANs | —Bond Anticipation Notes | |
CSD | —Central School District | |
FNMA | —Federal National Mortgage Association | |
HFA | —Housing Finance Authority | |
IDA | —Industrial Development Authority | |
INS | —Insured | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
TOBs | —Tender Option Bonds | |
VRDNs | —Variable Rate Demand Notes | |
VRDPs | —Variable Rate Demand Preferreds | |
VRENs | —Variable Rate Extendible Notes |
Six Months Ended (unaudited) 4/30/2021 | Year Ended October 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 | 0.013 | 0.011 | 0.006 | 0.002 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | — | 0.0001 | — |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.006 | 0.013 | 0.011 | 0.006 | 0.002 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.006) | (0.013) | (0.011) | (0.006) | (0.002) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | — | (0.000)1 | — | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.006) | (0.013) | (0.011) | (0.006) | (0.002) |
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% | 1.33% | 1.08% | 0.56% | 0.16% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.25%5 | 0.32% | 0.32% | 0.32% | 0.32% | 0.22%6 |
Net investment income | 0.01%5 | 0.64% | 1.31% | 1.10% | 0.58% | 0.10% |
Expense waiver/reimbursement7 | 0.29%5 | 0.19% | 0.17% | 0.25% | 0.34% | 0.40% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $129,756 | $179,225 | $326,684 | $211,511 | $111,061 | $70,496 |
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 | The net expense ratio is calculated without reduction for expense offset arrangements. The net expense ratio for the year ended October 31, 2016, was 0.22% after taking into account these expense reductions. |
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 amortized cost and fair value | $362,856,225 |
Cash | 135,233 |
Income receivable | 811,914 |
Receivable for shares sold | 53,301 |
Total Assets | 363,856,673 |
Liabilities: | |
Payable for investments purchased | 5,304,451 |
Payable for shares redeemed | 202,150 |
Income distribution payable | 210 |
Payable for investment adviser fee (Note 4) | 14,282 |
Payable for administrative fee (Note 4) | 769 |
Accrued expenses (Note 4) | 102,976 |
Total Liabilities | 5,624,838 |
Net assets for 358,208,731 shares outstanding | $358,231,835 |
Net Assets Consist of: | |
Paid-in capital | $358,208,731 |
Total distributable earnings (loss) | 23,104 |
Total Net Assets | $358,231,835 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Wealth Shares: | |
$129,755,891 ÷ 129,747,526 outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$188,748,469 ÷ 188,736,291 outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$8,145,198 ÷ 8,144,673 outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$31,582,277 ÷ 31,580,241 outstanding, no par value, unlimited shares authorized | $1.00 |
Investment Income: | |
Interest | $521,241 |
Expenses: | |
Investment adviser fee (Note 4) | 597,488 |
Administrative fee (Note 4) | 155,940 |
Custodian fees | 7,819 |
Transfer agent fees (Note 2) | 161,037 |
Directors’/Trustees’ fees (Note 4) | 1,276 |
Auditing fees | 10,414 |
Legal fees | 8,760 |
Portfolio accounting fees | 70,083 |
Distribution services fee (Note 4) | 358,125 |
Other service fees (Notes 2 and 4) | 304,980 |
Share registration costs | 56,953 |
Printing and postage | 13,709 |
Miscellaneous (Note 4) | 4,651 |
TOTAL EXPENSES | 1,751,235 |
Waivers and Reimbursement: | |
Waiver of investment adviser fee (Note 4) | (560,738) |
Waivers/reimbursement of other operating expenses (Notes 2 and 4) | (684,816) |
TOTAL WAIVERS AND REIMBURSEMENT | (1,245,554) |
Net expenses | 505,681 |
Net investment income | 15,560 |
Net realized gain on investments | 14,552 |
Change in net assets resulting from operations | $30,112 |
Six Months Ended (unaudited) 4/30/2021 | Year Ended 10/31/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $15,560 | $2,801,570 |
Net realized gain (loss) | 14,552 | 11 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 30,112 | 2,801,581 |
Distributions to Shareholders: | ||
Wealth Shares | (7,688) | (1,748,534) |
Service Shares | (10,332) | (989,900) |
Cash II Shares | (403) | (39,609) |
Cash Series Shares | (1,494) | (56,641) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (19,917) | (2,834,684) |
Share Transactions: | ||
Proceeds from sale of shares | 218,285,558 | 728,478,378 |
Net asset value of shares issued to shareholders in payment of distributions declared | 18,288 | 2,631,762 |
Cost of shares redeemed | (293,974,234) | (878,935,813) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (75,670,388) | (147,825,673) |
Change in net assets | (75,660,193) | (147,858,776) |
Net Assets: | ||
Beginning of period | 433,892,028 | 581,750,804 |
End of period | $358,231,835 | $433,892,028 |
Transfer Agent Fees Incurred | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Wealth Shares | $61,945 | $(465) |
Service Shares | 83,679 | (723) |
Cash II Shares | 3,272 | (29) |
Cash Series Shares | 12,141 | (106) |
TOTAL | $161,037 | $(1,323) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $257,563 | $(1,593) | $(255,970) |
Cash II Shares | 10,061 | — | (10,061) |
Cash Series Shares | 37,356 | (1) | (37,355) |
TOTAL | $304,980 | $(1,594) | $(303,386) |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Wealth Shares: | Shares | Amount | Shares | Amount |
Shares sold | 85,548,472 | $85,548,472 | 312,197,082 | $312,197,082 |
Shares issued to shareholders in payment of distributions declared | 6,146 | 6,146 | 1,568,473 | 1,568,473 |
Shares redeemed | (135,026,919) | (135,026,919) | (461,203,973) | (461,203,973) |
NET CHANGE RESULTING FROM WEALTH SHARE TRANSACTIONS | (49,472,301) | $(49,472,301) | (147,438,418) | $(147,438,418) |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 96,514,924 | $96,514,924 | 337,808,998 | $337,808,998 |
Shares issued to shareholders in payment of distributions declared | 10,256 | 10,256 | 968,768 | 968,768 |
Shares redeemed | (128,782,329) | (128,782,329) | (337,431,788) | (337,431,788) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (32,257,149) | $(32,257,149) | 1,345,978 | $1,345,978 |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 6,315,969 | $6,315,969 | 12,357,244 | $12,357,244 |
Shares issued to shareholders in payment of distributions declared | 402 | 402 | 39,403 | 39,403 |
Shares redeemed | (5,686,958) | (5,686,958) | (14,832,345) | (14,832,345) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | 629,413 | $629,413 | (2,435,698) | $(2,435,698) |
Six Months Ended 4/30/2021 | Year Ended 10/31/2020 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 29,906,193 | $29,906,193 | 66,115,054 | $66,115,054 |
Shares issued to shareholders in payment of distributions declared | 1,484 | 1,484 | 55,118 | 55,118 |
Shares redeemed | (24,478,028) | (24,478,028) | (65,467,707) | (65,467,707) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | 5,429,649 | $5,429,649 | 702,465 | $702,465 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (75,670,388) | $(75,670,388) | (147,825,673) | $(147,825,673) |
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 | |
Service Shares | 0.25% |
Cash II Shares | 0.25% |
Cash Series Shares | 0.60% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Service Shares | $258,283 | $(258,283) |
Cash II Shares | 10,079 | (10,079) |
Cash Series Shares | 89,763 | (89,763) |
TOTAL | $358,125 | $(358,125) |
Beginning Account Value 11/1/2020 | Ending Account Value 4/30/2021 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,000.01 | $21.24 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,023.55 | $21.25 |
1 | Expenses are equal to the Fund’s Wealth Shares annualized net expense ratio of 0.25%, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half-year period). |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Wealth Shares current Fee Limit of 0.32% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.59 and $1.61, respectively. |
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
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 June 22, 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 June 22, 2021
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date June 22, 2021