United States
Securities and Exchange Commission
Washington, D.C. 20549
Form N-CSR
Certified Shareholder Report of Registered Management Investment Companies
811-5950
(Investment Company Act File Number)
Federated Hermes Money Market Obligations Trust
______________________________________________________________
(Exact Name of Registrant as Specified in Charter)
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
(Address of Principal Executive Offices)
(412) 288-1900
(Registrant's Telephone Number)
Peter J. Germain, Esquire
1001 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3779
(Name and Address of Agent for Service)
(Notices should be sent to the Agent for Service)
Date of Fiscal Year End: 07/31/22
Date of Reporting Period: Six months ended 01/31/22
Item 1. | Reports to Stockholders |
![](https://capedge.com/proxy/N-CSRS/0001623632-22-000438/imgb092c2801.gif)
Ticker FRFXX |
Federated Hermes Capital Reserves Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
![](https://capedge.com/proxy/N-CSRS/0001623632-22-000438/donahuechrissigsmall.jpg)
Security Type | Percentage of Total Net Assets |
Commercial Paper | 44.1% |
Bank Instruments | 21.7% |
Other Repurchase Agreements and Repurchase Agreements | 17.0% |
Variable Rate Instruments | 16.4% |
U.S. Treasury | 0.2% |
Investment Company | 0.6% |
Other Assets and Liabilities—Net2 | 0.0%3 |
TOTAL | 100% |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 38.6%5 |
8-30 Days | 23.4% |
31-90 Days | 27.7% |
91-180 Days | 7.5% |
181 Days or more | 2.8% |
Other Assets and Liabilities—Net2 | 0.0%3 |
TOTAL | 100% |
Principal Amount or Shares | Value | ||
1 | COMMERCIAL PAPER—44.1% | ||
Aerospace/Auto—1.9% | |||
$87,000,000 | American Honda Finance Corp., (Honda Motor Co., Ltd. Support Agreement), 0.290%—0.390%, 3/10/2022 - 4/13/2022 | $86,969,382 | |
Banking—7.7% | |||
104,000,000 | Collateralized Commercial Paper V Co. LLC, 0.160%, 2/14/2022 - 4/1/2022 | 103,983,662 | |
50,000,000 | Landesbank Hessen-Thuringen, 0.270%, 3/14/2022 | 49,984,625 | |
150,000,000 | Ridgefield Funding Company, LLC Series A, 0.150%—0.160%, 2/7/2022 - 3/9/2022 | 149,983,784 | |
25,000,000 | Royal Bank of Canada, 0.210%, 7/13/2022 | 24,976,375 | |
15,000,000 | Toronto Dominion Bank, 0.240%, 5/3/2022 | 14,990,900 | |
TOTAL | 343,919,346 | ||
Chemicals—8.3% | |||
225,000,000 | BASF SE, 0.140%—0.240%, 2/10/2022 - 3/25/2022 | 224,929,792 | |
35,000,000 | DuPont de Nemours, Inc., 0.310%, 2/11/2022 | 34,996,986 | |
110,000,000 | PPG Industries, Inc., 0.250%, 2/8/2022 - 2/15/2022 | 109,993,021 | |
TOTAL | 369,919,799 | ||
Electric Power—6.6% | |||
40,000,000 | Avangrid, Inc., 0.120%—0.140%, 2/1/2022 | 40,000,000 | |
155,000,000 | Duke Energy Corp., 0.100%, 2/1/2022 | 155,000,000 | |
100,000,000 | EverSource Energy, 0.140%—0.180%, 2/2/2022 - 2/16/2022 | 99,996,055 | |
TOTAL | 294,996,055 | ||
Finance - Banking—1.3% | |||
59,000,000 | Landesbank Baden-Wurttemberg, 0.070%, 2/1/2022 | 59,000,000 | |
Finance - Commercial—1.1% | |||
50,000,000 | Atlantic Asset Securitization LLC, 0.260%, 4/4/2022 | 49,977,611 | |
Finance - Retail—5.6% | |||
175,000,000 | Barton Capital S.A., 0.160%—0.622%, 2/17/2022 - 7/20/2022 | 174,748,597 | |
75,000,000 | Sheffield Receivables Company LLC, 0.270%, 4/20/2022 | 74,956,125 | |
TOTAL | 249,704,722 | ||
Food & Beverage—0.9% | |||
40,000,000 | Mondelez International, Inc., 0.130%, 2/1/2022 | 40,000,000 | |
Insurance—3.4% | |||
150,000,000 | PRICOA Short Term Funding, LLC, 0.160%—0.310%, 3/16/2022 - 6/6/2022 | 149,925,514 |
Principal Amount or Shares | Value | ||
1 | COMMERCIAL PAPER—continued | ||
Mining—2.4% | |||
$105,000,000 | Nutrien Ltd., 0.230%—0.250%, 2/4/2022 - 2/25/2022 | $104,990,667 | |
Telecommunications—4.9% | |||
190,000,000 | Bell Canada, 0.220%—0.240%, 2/15/2022 - 2/23/2022 | 189,974,356 | |
29,650,000 | Verizon Communications, Inc., 0.230%, 3/9/2022 | 29,643,180 | |
TOTAL | 219,617,536 | ||
TOTAL COMMERCIAL PAPER | 1,969,020,632 | ||
CERTIFICATES OF DEPOSIT—21.7% | |||
Banking—21.7% | |||
35,000,000 | Bank of Montreal, 0.240%, 5/5/2022 | 35,000,000 | |
110,000,000 | Canadian Imperial Bank of Commerce, 0.240%—0.350%, 5/4/2022 - 11/2/2022 | 110,000,000 | |
150,000,000 | Landesbank Baden-Wurttemberg, 0.130%—0.140%, 2/4/2022 - 2/16/2022 | 150,000,000 | |
80,000,000 | Landesbank Hessen-Thuringen, 0.160%—0.250%, 2/9/2022 - 3/14/2022 | 80,000,000 | |
75,000,000 | Mizuho Bank Ltd., 0.200%—0.220%, 3/2/2022 - 3/15/2022 | 75,000,000 | |
100,000,000 | MUFG Bank Ltd., 0.180%—0.270%, 2/18/2022 - 5/31/2022 | 100,000,000 | |
150,000,000 | Sumitomo Mitsui Banking Corp., 0.180%—0.230%, 2/14/2022 - 4/25/2022 | 150,000,000 | |
130,000,000 | Sumitomo Mitsui Trust Bank Ltd., 0.150%—0.220%, 2/8/2022 - 3/11/2022 | 130,000,000 | |
100,000,000 | Toronto Dominion Bank, 0.240%, 4/1/2022 | 100,000,000 | |
40,000,000 | Westpac Banking Corp. Ltd., Sydney, 0.270%, 10/13/2022 | 40,000,000 | |
TOTAL CERTIFICATES OF DEPOSIT | 970,000,000 | ||
2 | NOTES-VARIABLE—16.4% | ||
Banking—12.0% | |||
50,000,000 | Bank of Montreal, 0.220% (Secured Overnight Financing Rate +0.170%), 2/1/2022 | 50,000,000 | |
9,200,000 | Bragg 2019 Family Trust No. 1, Series 2019, (BOKF, N.A. LOC), 0.170%, 2/3/2022 | 9,200,000 | |
67,210,000 | Byron H. Rubin as Trustee of the Gerald J. Rubin Special Trust No. 1, UAD June 23, 2016, (Comerica Bank LOC), 0.150%, 2/3/2022 | 67,210,000 | |
35,080,000 | Carol Allen Family Liquidity Trust, (Comerica Bank LOC), 0.267%, 2/3/2022 | 35,080,000 | |
13,225,000 | Catholic Health Initiatives, Taxable Municipal Funding Trust (Series 2019-007) VRDNs, (Barclays Bank plc LOC), 0.290%, 2/3/2022 | 13,225,000 | |
2,095,000 | Colorado Health Facilities Authority, Series 2016B, (UMB Bank, N.A. LOC), 0.430%, 2/3/2022 | 2,095,000 |
Principal Amount or Shares | Value | ||
2 | NOTES-VARIABLE—continued | ||
Banking—continued | |||
$23,600,000 | Connecticut State, Golden Blue (Series 2017-016) Weekly VRDNs, (Barclays Bank plc LIQ)/(Barclays Bank plc LOC), 0.180%, 2/3/2022 | $23,600,000 | |
11,300,000 | Connecticut Water Co., Series 2004, (Citizens Bank, N.A., Providence LOC), 0.350%, 2/2/2022 | 11,300,000 | |
6,750,000 | CT 2019 Irrevocable Trust, (BOKF, N.A. LOC), 0.170%, 2/3/2022 | 6,750,000 | |
7,090,000 | EG Irrevocable Life Insurance Trust, (BOKF, N.A. LOC), 0.170%, 2/3/2022 | 7,090,000 | |
9,590,000 | Eric and Lizzie Bommer Insurance Trust, (BOKF, N.A. LOC), 0.170%, 2/3/2022 | 9,590,000 | |
2,090,000 | Gannett Fleming, Inc., Series 2001, (Manufacturers & Traders Trust Co., Buffalo LOC), 0.460%, 2/4/2022 | 2,090,000 | |
5,040,000 | GM Enterprises of Oregon, Inc., Series 2017, (Bank of the West, San Francisco, CA LOC), 0.299%, 2/3/2022 | 5,040,000 | |
23,445,000 | J.R. Adventures Insurance Trust, (BOKF, N.A. LOC), 0.299%, 2/3/2022 | 23,445,000 | |
15,000,000 | New York State Energy Research & Development Authority (National Grid Generation LLC), (1997 Series A) Weekly VRDNs, (NatWest Markets plc LOC), 0.110%, 2/2/2022 | 15,000,000 | |
11,255,000 | NLS 2015 Irrevocable Trust, (BOKF, N.A. LOC), 0.170%, 2/3/2022 | 11,255,000 | |
9,280,000 | Opler 2013 Irrevocable Trust, (BOKF, N.A. LOC), 0.170%, 2/3/2022 | 9,280,000 | |
30,565,000 | RBS Insurance Trust, (BOKF, N.A. LOC), 0.120%, 2/3/2022 | 30,565,000 | |
11,240,000 | Richard F. Wilks Spousal Gifting Trust, (BOKF, N.A. LOC), 0.170%, 2/3/2022 | 11,240,000 | |
25,000,000 | Royal Bank of Canada, 0.300% (Secured Overnight Financing Rate +0.250%), 2/1/2022 | 25,000,000 | |
13,875,000 | Steel Dust Recycling, LLC, Series 2016, (Comerica Bank LOC), 0.150%, 2/3/2022 | 13,875,000 | |
2,800,000 | Taxable Muni Funding Trust 2021-007, (Series 2021-007) VRDNs, (Barclays Bank plc LOC), 0.290%, 2/3/2022 | 2,800,000 | |
50,000,000 | Taxable Muni Funding Trust 2021-010, (Series 2021-010) VRDNs, (Barclays Bank plc LOC), 0.290%, 2/3/2022 | 50,000,000 | |
6,145,000 | Taxable Municipal Funding Trust 2020-001, Barclays Taxable Muni Funding Trust (Series 2020-001) VRDNs, (Barclays Bank plc LOC), 0.290%, 2/3/2022 | 6,145,000 | |
24,820,000 | Taxable Municipal Funding Trust 2020-011, (Series 2020-011) VRDNs, (Barclays Bank plc LOC), 0.290%, 2/3/2022 | 24,820,000 | |
2,300,000 | Taxable Municipal Funding Trust 2021-002, Barclays Taxable Muni Funding Trust (Series 2021-002) VRDNs, (Barclays Bank plc LOC), 0.290%, 2/3/2022 | 2,300,000 |
Principal Amount or Shares | Value | ||
2 | NOTES-VARIABLE—continued | ||
Banking—continued | |||
$6,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9060TX, (Series 2021-MIZ9060TX) VRDNs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 0.340%, 2/1/2022 | $6,000,000 | |
5,940,000 | Taxable Tender Option Bond Trust 2021-MIZ9083TX, (Series 2021-MIZ9083TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 5,940,000 | |
20,000,000 | Taxable Tender Option Bond Trust2021-MIZ9070TX, (Series 2021-MIZ9070TX) VRDNs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 0.490%, 2/1/2022 | 20,000,000 | |
9,825,000 | The KVR Insurance Trust, Series 2014, (BOKF, N.A. LOC), 0.170%, 2/3/2022 | 9,825,000 | |
7,145,000 | The Raymon Lee Ince Irrevocable Trust, (BOKF, N.A. LOC), 0.170%, 2/3/2022 | 7,145,000 | |
7,305,000 | Tuttle Insurance Trust No. 2, Series 2015, (BOKF, N.A. LOC), 0.170%, 2/3/2022 | 7,305,000 | |
13,000,000 | Yavapai County, AZ IDA—Recovery Zone Facility (Drake Cement LLC), Taxable (Series 2015) Weekly VRDNs, (Bank of Nova Scotia, Toronto LOC), 0.150%, 2/3/2022 | 13,000,000 | |
TOTAL | 537,210,000 | ||
Electric Power—0.7% | |||
32,000,000 | West Jefferson, AL IDB PCRBs (Alabama Power Co.), (Series 1998) Weekly VRDNs, 0.140%, 2/3/2022 | 32,000,000 | |
Forest Products—0.9% | |||
14,200,000 | East Baton Rouge Parish, LA IDB (Georgia-Pacific LLC), Sold Waste Disposal Revenue Bonds (Series 2004) Weekly VRDNs, 0.100%, 2/2/2022 | 14,200,000 | |
25,000,000 | Liberty County, FL (Georgia-Pacific LLC), (Series 2004) Weekly VRDNs, 0.100%, 2/3/2022 | 25,000,000 | |
TOTAL | 39,200,000 | ||
Government Agency—0.4% | |||
3,935,000 | Jerry P. Himmel Irrevocable Trust No. 1, (Federal Home Loan Bank of Dallas LOC), 0.120%, 2/3/2022 | 3,935,000 | |
7,365,000 | Millbrook, AL Redevelopment Authority, RAM Millbrook Hospitality LLC Project, Series 2017, (Federal Home Loan Bank of New York LOC), 0.150%, 2/3/2022 | 7,365,000 | |
6,060,000 | Roberts Insurance Trusts, LLC, (Federal Home Loan Bank of Des Moines LOC), 0.120%, 2/3/2022 | 6,060,000 | |
TOTAL | 17,360,000 | ||
Metals—1.0% | |||
45,000,000 | St. James Parish, LA (Nucor Steel Louisiana LLC), (Series 2010A-1) Weekly VRDNs, (Nucor Corp. GTD), 0.110%, 2/2/2022 | 45,000,000 |
Principal Amount or Shares | Value | ||
2 | NOTES-VARIABLE—continued | ||
Miscellaneous—0.5% | |||
$20,000,000 | Iowa Finance Authority (Cargill, Inc.), (Series 2021) Weekly VRDNs, 0.130%, 2/3/2022 | $20,000,000 | |
Municipal—0.9% | |||
38,500,000 | Metropolitan Transportation Authority, NY (Fully Appropriated COVID Operating Grants-Federally Taxable), (Series A) GANs, 0.777%, 11/15/2022 | 38,500,000 | |
TOTAL NOTES-VARIABLE | 729,270,000 | ||
OTHER REPURCHASE AGREEMENTS—9.5% | |||
165,000,000 | Repurchase agreement, 0.12% dated 1/31/2022 under which BofA Securities, Inc will repurchase the securities provided as collateral for $165,000,550 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were corporate bonds and medium-term notes with various maturities to 4/22/2032 and the market value of those underlying securities was $168,300,000. | 165,000,000 | |
10,000,000 | Repurchase agreement, 0.40% dated 9/7/2021 under which Citigroup Global Markets, Inc will repurchase the securities provided as collateral for $10,020,111 on 3/7/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were sovereign debt securities with various maturities to 4/29/2053 and the market value of those underlying securities was $10,359,820. | 10,000,000 | |
50,000,000 | Repurchase agreement, 0.45% dated 9/7/2021 under which Citigroup Global Markets, Inc will repurchase the securities provided as collateral for $50,113,125 on 3/7/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were asset-backed securities, collateralized mortgage-backed obligations and sovereign debt securities with various maturities to 7/26/2066 and the market value of those underlying securities was $51,018,489. | 50,000,000 | |
100,000,000 | Repurchase agreement, 0.17% dated 1/31/2022 under which HSBC Securities (USA), Inc will repurchase the securities provided as collateral for $100,000,472 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were corporate bonds, medium-term notes and sovereign debt securities with various maturities to 6/15/2052 and the market value of those underlying securities was $102,000,359. | 100,000,000 | |
50,000,000 | Repurchase agreement, 0.73% dated 1/27/2022 under which Wells Fargo Securities LLC will repurchase the securities provided as collateral for $50,090,236 on 4/26/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were convertible bonds with various maturities to 12/31/2099 and the market value of those underlying securities was $51,006,016. | 50,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS—continued | |||
$25,000,000 | Repurchase agreement, 0.73% dated 4/27/2021 under which Wells Fargo Securities LLC will repurchase the securities provided as collateral for $25,185,035 on 4/27/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were convertible bonds with various maturities to 5/17/2042 and the market value of those underlying securities was $25,502,884. | $25,000,000 | |
25,000,000 | Repurchase agreement, 0.57% dated 1/28/2022 under which Wells Fargo Securities LLC will repurchase the securities provided as collateral for $25,011,083 on 2/25/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were convertible bonds with various maturities to 1/1/2999 and the market value of those underlying securities was $25,501,906. | 25,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS | 425,000,000 | ||
REPURCHASE AGREEMENTS—7.5% | |||
50,000,000 | Interest in $200,000,000 joint repurchase agreement, 0.055% dated 1/31/2022 under which BMO Harris Bank will repurchase the securities provided as collateral for $200,000,306 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. government agency with various maturities to 2/25/2036 and the market value of those underlying securities was $205,659,961. | 50,000,000 | |
20,000,000 | Interest in $40,000,000 joint repurchase agreement, 0.42% dated 9/1/2021 under which Mizuho Securities USA LLC will repurchase the securities provided as collateral for $40,072,333 on 2/3/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were asset-backed securities with various maturities to 10/21/2047 and the market value of those underlying securities was $40,828,561. | 20,000,000 | |
262,000,000 | Interest in $600,000,000 joint repurchase agreement, 0.055% dated 1/31/2022 under which Natixis Financial Products LLC will repurchase the securities provided as collateral for $600,000,917 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury with various maturities to 11/15/2051 and the market value of those underlying securities was $612,000,961. | 262,000,000 | |
TOTAL REPURCHASE AGREEMENTS | 332,000,000 | ||
U.S. TREASURY—0.2% | |||
10,000,000 | United States Treasury Floating Rate Notes, 0.224% (91-day T-Bill +0.034%), 2/1/2022 | 10,001,006 |
Principal Amount or Shares | Value | ||
INVESTMENT COMPANY—0.6% | |||
$26,997,300 | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 0.06%3 | $27,000,102 | |
TOTAL INVESTMENT IN SECURITIES—100.0% (AT AMORTIZED COST)4 | 4,462,291,740 | ||
OTHER ASSETS AND LIABILITIES—0.0%5 | 1,110,328 | ||
TOTAL NET ASSETS—100% | $4,463,402,068 |
Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares | |
Value as of 7/31/2021 | $27,000,102 |
Purchases at Cost | $— |
Proceeds from Sales | $— |
Change in Unrealized Appreciation/Depreciation | $N/A |
Net Realized Gain/(Loss) | $N/A |
Value as of 01/31/2022 | $27,000,102 |
Shares Held as of 01/31/2022 | 26,997,300 |
Dividend Income | $4,371 |
Valuation Inputs | ||||
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Total | |
Debt Securities: | ||||
Commercial Paper | $— | $1,969,020,632 | $— | $1,969,020,632 |
Certificates of Deposit | — | 970,000,000 | — | 970,000,000 |
Notes-Variable | — | 729,270,000 | — | 729,270,000 |
Repurchase Agreements | — | 332,000,000 | — | 332,000,000 |
Other Repurchase Agreements | — | 425,000,000 | — | 425,000,000 |
U.S. Treasury | — | 10,001,006 | — | 10,001,006 |
Investment Company | 27,000,102 | — | — | 27,000,102 |
TOTAL SECURITIES | $27,000,102 | $4,435,291,638 | $— | $4,462,291,740 |
GANs | —Grant Anticipation Notes |
GTD | —Guaranteed |
IDA | —Industrial Development Authority |
IDB | —Industrial Development Bond |
LIQ | —Liquidity Agreement |
LOC | —Letter of Credit |
PCRBs | —Pollution Control Revenue Bonds |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income from Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.007 | 0.016 | 0.007 | 0.001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | — |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.0001 | 0.007 | 0.016 | 0.007 | 0.001 |
Less Distributions: | ||||||
Distributions from net income | (0.000)1 | (0.000)1 | (0.007) | (0.016) | (0.007) | (0.001) |
Distributions from net realized gain | — | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | — |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.000)1 | (0.007) | (0.016) | (0.007) | (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 | 0.01% | 0.68% | 1.58% | 0.75% | 0.10% |
Ratios to Average Net Assets: | ||||||
Net expenses4,5 | 0.16%6 | 0.23% | 0.94% | 1.02% | 1.02% | 0.92% |
Net investment income | 0.01%6 | 0.01% | 0.65% | 1.58% | 0.70% | 0.08% |
Expense waiver/reimbursement7 | 1.04%6 | 0.97% | 0.28% | 0.19% | 0.19% | 0.30% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $4,463,402 | $4,295,924 | $4,312,748 | $4,030,191 | $4,220,884 | $6,951,890 |
Assets: | ||
Investment in securities, at value including $27,000,102 of investment in an affiliated holding* | $3,705,291,740 | |
Investments in other repurchase agreements and repurchase agreements | 757,000,000 | |
Investment in securities, at amortized cost and fair value | $4,462,291,740 | |
Income receivable | 850,956 | |
Cash | 459,764 | |
Receivable for shares sold | 47,996 | |
Prepaid expenses | 37,991 | |
Income receivable from affiliated holding | 1,230 | |
TOTAL ASSETS | 4,463,689,677 | |
Liabilities: | ||
Payable for shares redeemed | 49,066 | |
Payable for share registration costs | 87,495 | |
Payable for other service fees (Notes 2 and 5) | 49,961 | |
Payable for portfolio accounting fees | 43,703 | |
Payable for custodian fees | 34,043 | |
Payable for investment adviser fee (Note 5) | 12,407 | |
Payable for administrative fee (Note 5) | 9,724 | |
Payable for Directors’/Trustees’ fees (Note 5) | 1,210 | |
TOTAL LIABILITIES | 287,609 | |
Net assets for 4,463,402,361 shares outstanding | $4,463,402,068 | |
Net Assets Consists of: | ||
Paid-in capital | $4,463,389,804 | |
Total distributable earnings (loss) | 12,264 | |
TOTAL NET ASSETS | $4,463,402,068 | |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | ||
$4,463,402,068 ÷ 4,463,402,361 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Investment Income: | |||
Interest | $3,730,529 | ||
Dividends received from an affiliated holding* | 4,371 | ||
TOTAL INCOME | 3,734,900 | ||
Expenses: | |||
Investment adviser fee (Note 5) | $4,289,094 | ||
Administrative fee (Note 5) | 1,677,242 | ||
Custodian fees | 75,788 | ||
Transfer agent fees (Note 2) | 2,152,403 | ||
Directors’/Trustees’ fees (Note 5) | 11,494 | ||
Auditing fees | 11,292 | ||
Legal fees | 4,591 | ||
Distribution services fee (Note 5) | 11,795,008 | ||
Other service fees (Notes 2 and 5) | 5,361,367 | ||
Portfolio accounting fees | 88,417 | ||
Share registration costs | 281,243 | ||
Printing and postage | 146,932 | ||
Miscellaneous (Note 5) | 18,171 | ||
TOTAL EXPENSES | 25,913,042 | ||
Waivers and Reimbursements: | |||
Waivers/reimbursements of investment adviser fee (Note 5) | $(3,089,018) | ||
Waivers/reimbursements of other operating expenses (Notes 2 and 5) | (19,300,482) | ||
TOTAL WAIVERS AND REIMBURSEMENTS | (22,389,500) | ||
Net expenses | 3,523,542 | ||
Net investment income | 211,358 | ||
Net realized gain on investments | 13,198 | ||
Change in net assets resulting from operations | $224,556 |
Six Months Ended (unaudited) 1/31/2022 | Year Ended 7/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $211,358 | $449,256 |
Net realized gain | 13,198 | 7,910 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 224,556 | 457,166 |
Distributions to Shareholders: | (214,459) | (446,155) |
Share Transactions: | ||
Proceeds from sale of shares | 974,984,617 | 1,667,943,463 |
Net asset value of shares issued to shareholders in payment of distributions declared | 210,559 | 436,441 |
Cost of shares redeemed | (807,727,432) | (1,685,214,367) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 167,467,744 | (16,834,463) |
Change in net assets | 167,477,841 | (16,823,452) |
Net Assets: | ||
Beginning of period | 4,295,924,227 | 4,312,747,679 |
End of period | $4,463,402,068 | $4,295,924,227 |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |
Shares sold | 974,984,617 | 1,667,943,463 |
Shares issued to shareholders in payment of distributions declared | 210,559 | 436,441 |
Shares redeemed | (807,727,432) | (1,685,214,367) |
NET CHANGE RESULTING FROM FUND SHARE TRANSACTIONS | 167,467,744 | (16,834,463) |
Short-Term | Long-Term | Total |
$934 | $— | $934 |
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 7/1/2021 | Ending Account Value 1/31/2022 | Expenses Paid During Period1 | |
Actual | $1,000 | $1,000.00 | $0.812 |
Hypothetical (assuming a 5% return before expenses) | $1,000 | $1,024.40 | $0.822 |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
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Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
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Share Class | Ticker | A | GRAXX | B | GRBXX | C | GRCXX |
F | GRGXX | P | GRFXX |
Federated Hermes Government Reserves Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
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Security Type | Percentage of Total Net Assets |
Repurchase Agreements | 64.0% |
U.S. Treasury Securities | 23.3% |
U.S. Government Agency Securities | 12.9% |
Other Assets and Liabilities—Net2 | (0.2)% |
TOTAL | 100% |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 82.1%4 |
8-30 Days | 1.6% |
31-90 Days | 1.4% |
91-180 Days | 6.9% |
181 Days or more | 8.2% |
Other Assets and Liabilities—Net2 | (0.2)% |
TOTAL | 100% |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS—64.0% | |||
$182,500,000 | Interest in $250,000,000 joint repurchase agreement, 0.055% dated 1/31/2022 under which ABN Amro Bank N.V. will repurchase the securities provided as collateral for $250,000,382 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency and U.S. Treasury Securities with various maturities to 12/16/2062 and the market value of those underlying securities was $255,604,632. | $182,500,000 | |
50,000,000 | Repurchase agreement, 0.120% dated 1/18/2022 under which Bank Of Montreal will repurchase the securities provided as collateral for $50,012,167 on 4/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 5/15/2051 and the market value of those underlying securities was $51,012,454. | 50,000,000 | |
25,000,000 | Repurchase agreement, 0.050% dated 1/31/2022 under which Barclays Capital, Inc. will repurchase the securities provided as collateral for $25,000,035 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 5/15/2027 and the market value of those underlying securities was $25,500,108. | 25,000,000 | |
150,000,000 | Interest in $200,000,000 joint repurchase agreement, 0.055% dated 1/31/2022 under which BMO Harris Bank, N.A. will repurchase the securities provided as collateral for $200,000,306 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency Securities with various maturities to 2/25/2036 and the market value of those underlying securities was $205,659,961. | 150,000,000 | |
117,000,000 | Repurchase agreement, 0.050% dated 1/31/2022 under which BNP Paribas SA will repurchase the securities provided as collateral for $117,000,163 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 1/15/2024 and the market value of those underlying securities was $119,340,240. | 117,000,000 | |
115,829,000 | Interest in $1,750,000,000 joint repurchase agreement, 0.050% dated 1/31/2022 under which Bank Of America Securities, Inc. will repurchase the securities provided as collateral for $1,750,002,431 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency Securities with various maturities to 9/20/2071 and the market value of those underlying securities was $1,796,669,227. | 115,829,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS—continued | |||
$150,000,000 | Repurchase agreement, 0.050% dated 1/31/2022 under which Bank Of America Securities, Inc. will repurchase the securities provided as collateral for $150,000,208 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 11/15/2024 and the market value of those underlying securities was $153,000,311. | $150,000,000 | |
550,000,000 | Repurchase agreement, 0.050% dated 1/31/2022 under which Bank Of America Securities, Inc. will repurchase the securities provided as collateral for $550,000,764 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 8/15/2050 and the market value of those underlying securities was $561,000,795. | 550,000,000 | |
500,000,000 | Repurchase agreement, 0.070% dated 3/4/2020 under which Citigroup Global Markets, Inc. will repurchase the securities provided as collateral for $500,687,361 on 2/9/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency and U.S. Treasury Securities with various maturities to 5/20/2050 and the market value of those underlying securities was $512,866,455. | 500,000,000 | |
250,000,000 | Repurchase agreement, 0.060% dated 1/26/2022 under which Citigroup Global Markets, Inc. will repurchase the securities provided as collateral for $250,013,750 on 2/28/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 1/15/2030 and the market value of those underlying securities was $255,002,620. | 250,000,000 | |
4,750,000,000 | Repurchase agreement, 0.050% dated 1/31/2022 under which Federal Reserve Bank of New York will repurchase the securities provided as collateral for $4,750,006,597 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 5/15/2044 and the market value of those underlying securities was $4,750,006,597. | 4,750,000,000 | |
500,000,000 | Repurchase agreement, 0.055% dated 1/31/2022 under which Fixed Income Clearing Corporation will repurchase the securities provided as collateral for $500,000,764 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 3/31/2026 and the market value of those underlying securities was $510,000,007. | 500,000,000 | |
50,000,000 | Repurchase agreement, 0.055% dated 1/31/2022 under which HSBC Securities (USA), Inc. will repurchase the securities provided as collateral for $50,000,076 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency Securities with various maturities to 8/1/2051 and the market value of those underlying securities was $51,000,001. | 50,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS—continued | |||
$191,000,000 | Interest in $600,000,000 joint repurchase agreement, 0.055% dated 1/31/2022 under which Natixis Financial Products LLC will repurchase the securities provided as collateral for $600,000,917 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 11/15/2051 and the market value of those underlying securities was $612,000,961. | $191,000,000 | |
200,000,000 | Repurchase agreement, 0.055% dated 1/31/2022 under which Natixis Financial Products LLC will repurchase the securities provided as collateral for $200,000,306 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency and U.S. Treasury Securities with various maturities to 5/16/2063 and the market value of those underlying securities was $204,286,389. | 200,000,000 | |
TOTAL REPURCHASE AGREEMENTS | 7,781,329,000 | ||
U.S. TREASURY—23.3% | |||
75,000,000 | 1 | United States Treasury Bill, 0.055%, 2/3/2022 | 74,999,771 |
60,000,000 | 1 | United States Treasury Bill, 0.055%, 2/22/2022 | 59,998,075 |
130,000,000 | 1 | United States Treasury Bill, 0.055%, 3/1/2022 | 129,994,439 |
75,000,000 | 1 | United States Treasury Bill, 0.060%, 4/21/2022 | 74,990,125 |
45,000,000 | 1 | United States Treasury Bill, 0.060%, 4/28/2022 | 44,993,550 |
28,000,000 | 1 | United States Treasury Bill, 0.065%, 5/5/2022 | 27,995,298 |
175,000,000 | 1 | United States Treasury Bill, 0.065%, 5/12/2022 | 174,968,402 |
50,000,000 | 1 | United States Treasury Bill, 0.070%, 3/29/2022 | 49,994,555 |
50,000,000 | 1 | United States Treasury Bill, 0.074%, 9/8/2022 | 49,977,188 |
200,000,000 | 1 | United States Treasury Bill, 0.080%, 8/11/2022 | 199,915,111 |
135,000,000 | 1 | United States Treasury Bill, 0.160%, 6/23/2022 | 134,914,800 |
75,500,000 | 1 | United States Treasury Bill, 0.160%, 11/3/2022 | 75,407,722 |
155,000,000 | 1 | United States Treasury Bill, 0.210%, 6/30/2022 | 154,865,279 |
85,000,000 | 1 | United States Treasury Bill, 0.220%, 7/7/2022 | 84,918,967 |
28,000,000 | 1 | United States Treasury Bill, 0.240%, 12/1/2022 | 27,943,440 |
25,000,000 | 1 | United States Treasury Bill, 0.280%, 5/31/2022 | 24,976,861 |
50,000,000 | 1 | United States Treasury Bill, 0.630%, 1/26/2023 | 49,685,875 |
115,000,000 | 1 | United States Treasury Bills, 0.073%—0.075%, 7/14/2022 | 114,961,367 |
167,000,000 | 2 | United States Treasury Floating Rate Notes, 0.219% (91-day T-Bill +0.029%), 2/1/2022 | 167,004,099 |
117,760,000 | 2 | United States Treasury Floating Rate Notes, 0.224% (91-day T-Bill +0.034%), 2/1/2022 | 117,762,779 |
81,000,000 | 2 | United States Treasury Floating Rate Notes, 0.225% (91-day T-Bill +0.035%), 2/1/2022 | 80,997,083 |
65,000,000 | 2 | United States Treasury Floating Rate Notes, 0.175% (91-day T-Bill -0.015%), 2/1/2022 | 65,000,000 |
Principal Amount | Value | ||
U.S. TREASURY—continued | |||
$165,150,000 | 2 | United States Treasury Floating Rate Notes, 0.239% (91-day T-Bill +0.049%), 2/1/2022 | $165,159,257 |
75,500,000 | 2 | United States Treasury Floating Rate Notes, 0.245% (91-day T-Bill +0.055%), 2/1/2022 | 75,499,999 |
28,000,000 | 1 | United States Treasury Note, 0.125%, 9/30/2022 | 27,989,433 |
85,000,000 | 1 | United States Treasury Note, 0.125%, 11/30/2022 | 84,981,002 |
30,000,000 | United States Treasury Note, 1.500%, 9/15/2022 | 30,262,288 | |
13,600,000 | United States Treasury Note, 1.625%, 8/15/2022 | 13,710,870 | |
15,000,000 | United States Treasury Note, 1.625%, 11/15/2022 | 15,178,228 | |
15,750,000 | United States Treasury Note, 1.750%, 5/15/2022 | 15,824,623 | |
28,000,000 | United States Treasury Note, 2.125%, 12/31/2022 | 28,457,441 | |
57,000,000 | United States Treasury Notes, 0.125%—1.875%, 5/31/2022 | 57,123,990 | |
170,000,000 | United States Treasury Notes, 0.125%—2.000%, 10/31/2022 | 170,795,184 | |
165,000,000 | United States Treasury Notes, 1.625%—1.875%, 8/31/2022 | 166,602,745 | |
TOTAL U.S. TREASURY | 2,837,849,846 | ||
GOVERNMENT AGENCIES—12.9% | |||
33,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.070% (Secured Overnight Financing Rate +0.020%), 2/1/2022 | 33,000,000 |
23,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.075% (Secured Overnight Financing Rate +0.025%), 2/1/2022 | 22,998,904 |
66,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.075% (Secured Overnight Financing Rate +0.025%), 2/1/2022 | 65,998,692 |
8,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.080% (Secured Overnight Financing Rate +0.030%), 2/1/2022 | 8,000,000 |
10,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.085% (Secured Overnight Financing Rate +0.035%), 2/1/2022 | 9,999,269 |
36,800,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.090% (Secured Overnight Financing Rate +0.040%), 2/1/2022 | 36,800,000 |
28,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.095% (Secured Overnight Financing Rate +0.045%), 2/1/2022 | 27,998,403 |
51,875,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.100% (Secured Overnight Financing Rate +0.050%), 2/1/2022 | 51,875,000 |
63,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.105% (Secured Overnight Financing Rate +0.055%), 2/1/2022 | 62,997,804 |
42,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.110% (Secured Overnight Financing Rate +0.060%), 2/1/2022 | 42,000,000 |
20,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.115% (Secured Overnight Financing Rate +0.065%), 2/1/2022 | 20,000,000 |
25,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.125% (Secured Overnight Financing Rate +0.075%), 2/1/2022 | 25,000,000 |
20,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 0.195% (Secured Overnight Financing Rate +0.145%), 2/1/2022 | 20,000,000 |
34,000,000 | Federal Farm Credit System Notes, 0.100%, 10/19/2022 | 33,997,822 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES—continued | |||
$27,850,000 | Federal Farm Credit System Notes, 0.160%—0.260%, 6/22/2022 - 12/5/2022 | $27,853,799 | |
25,000,000 | Federal Home Loan Bank System Discount Notes, 0.170%, 6/24/2022 | 24,983,118 | |
35,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.085% (Secured Overnight Financing Rate +0.035%), 2/1/2022 | 35,000,000 |
48,100,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.090% (Secured Overnight Financing Rate +0.040%), 2/1/2022 | 48,100,000 |
90,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.095% (Secured Overnight Financing Rate +0.045%), 2/1/2022 | 90,000,000 |
62,500,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.105% (Secured Overnight Financing Rate +0.055%), 2/1/2022 | 62,500,000 |
198,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.110% (Secured Overnight Financing Rate +0.060%), 2/1/2022 | 198,000,000 |
27,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.115% (Secured Overnight Financing Rate +0.065%), 2/1/2022 | 27,000,000 |
63,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.130% (Secured Overnight Financing Rate +0.080%), 2/1/2022 | 63,000,000 |
25,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.135% (Secured Overnight Financing Rate +0.085%), 2/1/2022 | 25,000,000 |
44,600,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.140% (Secured Overnight Financing Rate +0.090%), 2/1/2022 | 44,600,000 |
17,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.165% (Secured Overnight Financing Rate +0.115%), 2/1/2022 | 17,000,000 |
60,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 0.170% (Secured Overnight Financing Rate +0.120%), 2/1/2022 | 60,000,000 |
23,000,000 | Federal Home Loan Bank System Notes, 0.055%, 5/23/2022 | 22,999,937 | |
70,000,000 | 2 | Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.115% (Secured Overnight Financing Rate +0.065%), 2/1/2022 | 70,000,000 |
21,300,000 | 2 | Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.140% (Secured Overnight Financing Rate +0.090%), 2/1/2022 | 21,300,000 |
13,250,000 | 2 | Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.250% (Secured Overnight Financing Rate +0.200%), 2/1/2022 | 13,250,000 |
26,000,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.220% (Secured Overnight Financing Rate +0.170%), 2/1/2022 | 26,000,000 |
25,000,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.240% (Secured Overnight Financing Rate +0.190%), 2/1/2022 | 24,999,202 |
26,000,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.250% (Secured Overnight Financing Rate +0.200%), 2/1/2022 | 26,000,000 |
20,800,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.270% (Secured Overnight Financing Rate +0.220%), 2/1/2022 | 20,800,000 |
30,000,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.280% (Secured Overnight Financing Rate +0.230%), 2/1/2022 | 30,000,000 |
53,000,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.320% (Secured Overnight Financing Rate +0.270%), 2/1/2022 | 53,000,000 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES—continued | |||
$50,000,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.370% (Secured Overnight Financing Rate +0.320%), 2/1/2022 | $50,000,000 |
28,000,000 | 2 | Federal National Mortgage Association Floating Rate Notes, 0.440% (Secured Overnight Financing Rate +0.390%), 2/1/2022 | 28,000,000 |
TOTAL GOVERNMENT AGENCIES | 1,570,051,950 | ||
TOTAL INVESTMENT IN SECURITIES—100.2% (AT AMORTIZED COST)3 | 12,189,230,796 | ||
OTHER ASSETS AND LIABILITIES—NET—(0.2)%4 | (22,544,179) | ||
TOTAL NET ASSETS—100% | $12,166,686,617 |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.006 | 0.015 | 0.006 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | (0.000)1 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.0001 | 0.006 | 0.015 | 0.006 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.006) | (0.015) | (0.006) | (0.000)1 |
Distributions from net realized gain | (0.000)1 | (0.000)1 | — | — | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.000)1 | (0.006) | (0.015) | (0.006) | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.00%3 | 0.01% | 0.61% | 1.47% | 0.56% | 0.02% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.07%5 | 0.11%6 | 0.64%6 | 0.87%6 | 0.87%6 | 0.65%6 |
Net investment income | 0.00%3,5 | 0.01% | 0.54% | 1.48% | 0.54% | 0.02% |
Expense waiver/reimbursement7 | 0.96%5 | 0.92% | 0.41% | 0.14% | 0.15% | 0.37% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $132,323 | $133,442 | $150,878 | $103,120 | $73,428 | $87,623 |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.004 | 0.011 | 0.002 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | (0.000)1 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.0001 | 0.004 | 0.011 | 0.002 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.004) | (0.011) | (0.002) | — |
Distributions from net realized gain | (0.000)1 | (0.000)1 | — | — | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.000)1 | (0.004) | (0.011) | (0.002) | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.00%3 | 0.01% | 0.36% | 1.07% | 0.23% | 0.00%3 |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.07%5 | 0.11%6 | 0.95%6 | 1.27%6 | 1.19%6 | 0.65%6 |
Net investment income | 0.00%3,5 | 0.01% | 0.40% | 1.07% | 0.20% | 0.00% |
Expense waiver/reimbursement7 | 1.30%5 | 1.26% | 0.43% | 0.11% | 0.17% | 0.74% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $598 | $843 | $1,139 | $1,682 | $2,024 | $3,252 |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.004 | 0.011 | 0.002 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | (0.000)1 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.0001 | 0.004 | 0.011 | 0.002 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.004) | (0.011) | (0.002) | — |
Distributions from net realized gain | (0.000)1 | (0.000)1 | — | — | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.000)1 | (0.004) | (0.011) | (0.002) | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.00%3 | 0.01% | 0.38% | 1.08% | 0.23% | 0.00%3 |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.07%5 | 0.10%6 | 0.69%6 | 1.26%6 | 1.20%6 | 0.68%6 |
Net investment income | 0.00%3,5 | 0.01% | 0.22% | 1.09% | 0.19% | 0.00% |
Expense waiver/reimbursement7 | 1.25%5 | 1.23% | 0.65% | 0.08% | 0.16% | 0.69% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $6,401 | $5,677 | $8,299 | $4,505 | $6,007 | $9,963 |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.006 | 0.015 | 0.006 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | (0.000)1 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.0001 | 0.006 | 0.015 | 0.006 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.006) | (0.015) | (0.006) | (0.000)1 |
Distributions from net realized gain | (0.000)1 | (0.000)1 | — | — | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.000)1 | (0.006) | (0.015) | (0.006) | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.00%3 | 0.01% | 0.61% | 1.47% | 0.56% | 0.02% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.07%5 | 0.11%6 | 0.62%6 | 0.87%6 | 0.87%6 | 0.62%6 |
Net investment income | 0.00%3,5 | 0.01% | 0.53% | 1.49% | 0.54% | 0.02% |
Expense waiver/reimbursement7 | 0.88%5 | 0.89% | 0.42% | 0.16% | 0.16% | 0.42% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,412 | $1,609 | $1,743 | $1,556 | $1,071 | $1,524 |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.005 | 0.013 | 0.004 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | (0.000)1 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.0001 | 0.005 | 0.013 | 0.004 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.005) | (0.013) | (0.004) | (0.000)1 |
Distributions from net realized gain | (0.000)1 | (0.000)1 | — | — | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.000)1 | (0.005) | (0.013) | (0.004) | (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 | 0.01% | 0.52% | 1.32% | 0.41% | 0.00%3 |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.07%5 | 0.11%6 | 0.72%6 | 1.02%6 | 1.02%6 | 0.66%6 |
Net investment income | 0.00%3,5 | 0.01% | 0.47% | 1.31% | 0.40% | 0.00% |
Expense waiver/ reimbursement7 | 1.12%5 | 1.09% | 0.48% | 0.18% | 0.18% | 0.54% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $12,025,953 | $11,417,910 | $10,706,195 | $8,069,420 | $8,626,983 | $10,580,501 |
January 31, 2022 (unaudited)
Assets: | ||
Investment in securities | $4,407,901,796 | |
Investments in repurchase agreements | 7,781,329,000 | |
Investment in securities, at amortized cost and fair value | $12,189,230,796 | |
Cash | 568,715 | |
Income receivable | 2,465,325 | |
Receivable for shares sold | 134,967 | |
TOTAL ASSETS | 12,192,399,803 | |
Liabilities: | ||
Payable for investments purchased | 24,976,861 | |
Payable for shares redeemed | 298,294 | |
Payable for investment adviser fee (Note 4) | 89,530 | |
Payable for administrative fee (Note 4) | 26,507 | |
Payable for other service fees (Notes 2 and 4) | 297 | |
Accrued expenses (Note 4) | 321,697 | |
TOTAL LIABILITIES | 25,713,186 | |
Net assets for 12,166,689,505 shares outstanding | $12,166,686,617 | |
Net Assets Consists of: | ||
Paid-in capital | $12,166,688,369 | |
Total distributable earnings (loss) | (1,752) | |
TOTAL NET ASSETS | $12,166,686,617 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | ||
Class A Shares: | ||
$132,323,024 ÷ 132,323,263 shares outstanding, no par value, unlimited shares authorized | $1.00 | |
Offering price per share | $1.00 | |
Redemption proceeds per share | $1.00 | |
Class B Shares: | ||
$597,770 ÷ 597,771 shares outstanding, no par value, unlimited shares authorized | $1.00 | |
Offering price per share | $1.00 | |
Redemption proceeds per share (94.50/100 of $1.00)1 | $0.95 | |
Class C Shares: | ||
$6,400,856 ÷ 6,400,857 shares outstanding, no par value, unlimited shares authorized | $1.00 | |
Offering price per share | $1.00 | |
Redemption proceeds per share (99.00/100 of $1.00)1 | $0.99 | |
Class F Shares: | ||
$1,411,544 ÷ 1,411,545 shares outstanding, no par value, unlimited shares authorized | $1.00 | |
Offering price per share | $1.00 | |
Redemption proceeds per share (99.00/100 of $1.00)1 | $0.99 | |
Class P Shares: | ||
$12,025,953,423 ÷ 12,025,956,069 shares outstanding, no par value, unlimited shares authorized | $1.00 | |
Offering price per share | $1.00 | |
Redemption proceeds per share | $1.00 |
Six Months Ended January 31, 2022 (unaudited)
Investment Income: | |||
Interest | $4,308,365 | ||
Expenses: | |||
Investment adviser fee (Note 4) | $11,496,578 | ||
Administrative fee (Note 4) | 4,494,976 | ||
Custodian fees | 167,085 | ||
Transfer agent fees (Notes 2 and 4) | 5,765,788 | ||
Directors’/Trustees’ fees (Note 4) | 29,557 | ||
Auditing fees | 11,292 | ||
Legal fees | 4,591 | ||
Distribution services fee (Note 4) | 31,555,216 | ||
Other service fees (Notes 2 and 4) | 14,282,043 | ||
Portfolio accounting fees | 97,491 | ||
Share registration costs | 373,842 | ||
Printing and postage | 340,983 | ||
Miscellaneous (Notes 2 and 4) | 23,202 | ||
TOTAL EXPENSES | 68,642,644 | ||
Waivers and Reimbursements: | |||
Waiver of investment adviser fee (Note 4) | $(11,496,578) | ||
Waiver/reimbursements of other operating expenses (Notes 2 and 4) | (52,999,034) | ||
TOTAL WAIVERS AND REIMBURSEMENTS | (64,495,612) | ||
Net expenses | 4,147,032 | ||
Net investment income | 161,333 | ||
Net realized loss on investments | (1,748) | ||
Change in net assets resulting from operations | $159,585 |
Six Months Ended (unaudited) 1/31/2022 | Year Ended 7/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $161,333 | $1,370,207 |
Net realized gain (loss) | (1,748) | 14,886 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 159,585 | 1,385,093 |
Distributions to Shareholders: | ||
Class A Shares | (5,635) | (13,570) |
Class B Shares | (34) | (92) |
Class C Shares | (249) | (895) |
Class F Shares | (68) | (168) |
Class P Shares | (480,227) | (1,067,900) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (486,213) | (1,082,625) |
Share Transactions: | ||
Proceeds from sale of shares | 4,980,993,657 | 8,148,572,146 |
Net asset value of shares issued to shareholders in payment of distributions declared | 456,910 | 1,049,111 |
Cost of shares redeemed | (4,373,917,924) | (7,458,696,904) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 607,532,643 | 690,924,353 |
Change in net assets | 607,206,015 | 691,226,821 |
Net Assets: | ||
Beginning of period | 11,559,480,602 | 10,868,253,781 |
End of period | $12,166,686,617 | $11,559,480,602 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Class A Shares | $24,243 | $(5,010) | $(18,078) |
Class B Shares | 247 | (242) | — |
Class C Shares | 915 | — | (866) |
Class F Shares | 161 | (62) | (85) |
Class P Shares | 5,740,222 | — | (5,642,042) |
TOTAL | $5,765,788 | $(5,314) | $(5,661,071) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees waived by Unaffiliated Third Parties | |
Class A Shares | $162,396 | $(27,546) | $(134,850) |
Class B Shares | 846 | (846) | — |
Class C Shares | 6,981 | (1,223) | (5,758) |
Class F Shares | 1,433 | (302) | (1,131) |
Class P Shares | 14,110,387 | (2,562,722) | (11,547,665) |
TOTAL | $14,282,043 | $(2,592,639) | $(11,689,404) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Class A Shares: | Shares | Amount | Shares | Amount |
Shares sold | 25,658,588 | $25,658,588 | 81,657,832 | $81,657,832 |
Shares issued to shareholders in payment of distributions declared | 5,029 | 5,029 | 13,091 | 13,091 |
Shares redeemed | (26,778,813) | (26,778,813) | (99,109,836) | (99,109,836) |
NET CHANGE RESULTING FROM CLASS A SHARE TRANSACTIONS | (1,115,196) | $(1,115,196) | (17,438,913) | $(17,438,913) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Class B Shares: | Shares | Amount | Shares | Amount |
Shares sold | — | $— | 324,777 | $324,777 |
Shares issued to shareholders in payment of distributions declared | 27 | 27 | 87 | 87 |
Shares redeemed | (244,735) | (244,735) | (621,739) | (621,739) |
NET CHANGE RESULTING FROM CLASS B SHARE TRANSACTIONS | (244,708) | $(244,708) | (296,875) | $(296,875) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Class C Shares: | Shares | Amount | Shares | Amount |
Shares sold | 3,120,943 | $3,120,943 | 15,818,992 | $15,818,992 |
Shares issued to shareholders in payment of distributions declared | 235 | 235 | 889 | 889 |
Shares redeemed | (2,396,894) | (2,396,894) | (18,442,707) | (18,442,707) |
NET CHANGE RESULTING FROM CLASS C SHARE TRANSACTIONS | 724,284 | $724,284 | (2,622,826) | $(2,622,826) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Class F Shares: | Shares | Amount | Shares | Amount |
Shares sold | — | $— | 601,358 | $601,358 |
Shares issued to shareholders in payment of distributions declared | 40 | 40 | 119 | 119 |
Shares redeemed | (197,481) | (197,481) | (735,128) | (735,128) |
NET CHANGE RESULTING FROM CLASS F SHARE TRANSACTIONS | (197,441) | $(197,441) | (133,651) | $(133,651) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Class P Shares: | Shares | Amount | Shares | Amount |
Shares sold | 4,952,214,126 | $4,952,214,126 | 8,050,169,194 | $8,050,169,187 |
Shares issued to shareholders in payment of distributions declared | 451,579 | 451,579 | 1,034,925 | 1,034,925 |
Shares redeemed | (4,344,300,001) | (4,344,300,001) | (7,339,787,494) | (7,339,787,494) |
NET CHANGE RESULTING FROM CLASS P SHARE TRANSACTIONS | 608,365,704 | $608,365,704 | 711,416,625 | $711,416,618 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 607,532,643 | $607,532,643 | 690,924,360 | $690,924,353 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Share Class Name | Percentage of Average Daily Net Assets of Class |
Class A Shares | 0.45% |
Class B Shares | 0.75% |
Class C Shares | 0.75% |
Class F Shares | 0.45% |
Class P Shares | 0.55% |
Distribution Service Fees Incurred | Distribution Services Fees Reimbursed | Distribution Services Fees Waived | |
Class A Shares | $296,791 | (263,814) | $(32,977) |
Class B Shares | 2,539 | (2,539) | — |
Class C Shares | 21,263 | (21,263) | — |
Class F Shares | 3,457 | (3,073) | (384) |
Class P Shares | 31,231,166 | (25,552,772) | (5,678,394) |
TOTAL | $31,555,216 | $(25,843,461) | $(5,711,755) |
Beginning Account Value 8/1/2021 | Ending Account Value 1/31/2022 | Expenses Paid During Period1 | |
Actual: | |||
Class A Shares | $1,000.00 | $1,000.00 | $0.352 |
Class B Shares | $1,000.00 | $1,000.00 | $0.353 |
Class C Shares | $1,000.00 | $1,000.00 | $0.354 |
Class F Shares | $1,000.00 | $1,000.00 | $0.355 |
Class P Shares | $1,000.00 | $1,000.00 | $0.356 |
Hypothetical (assuming a 5% return before expenses): | |||
Class A Shares | $1,000.00 | $1,024.85 | $0.362 |
Class B Shares | $1,000.00 | $1,024.85 | $0.363 |
Class C Shares | $1,000.00 | $1,024.85 | $0.364 |
Class F Shares | $1,000.00 | $1,024.85 | $0.365 |
Class P Shares | $1,000.00 | $1,024.85 | $0.366 |
Class A Shares | 0.07% |
Class B Shares | 0.07% |
Class C Shares | 0.07% |
Class F Shares | 0.07% |
Class P Shares | 0.07% |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
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Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 608919536
CUSIP 608919528
CUSIP 608919510
CUSIP 608919205
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Share Class | Ticker | Select | GRTXX | Institutional | GOIXX | |
Service | GOSXX | Administrative | GOEXX | ||
Cash II | GFYXX | Cash Series | GFSXX | ||
Capital | GOCXX | Trust | GORXX | ||
Premier | GOFXX | Advisor | GOVXX | ||
Federated Hermes Government Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
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Security Type | Percentage of Total Net Assets |
Repurchase Agreements | 62.0% |
U.S. Treasury Securities | 24.2% |
U.S. Government Agency Securities | 13.1% |
Other Assets and Liabilities—Net2 | 0.7% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for a description of the principal types of securities in which the Fund invests. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 78.7% |
8-30 Days | 2.5% |
31-90 Days | 3.3% |
91-180 Days | 7.3% |
181 Days or more | 7.5% |
Other Assets and Liabilities—Net2 | 0.7% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
GOVERNMENT AGENCIES— 13.1% | |||
$ 160,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.060% (Secured Overnight Financing Rate +0.010%), 2/1/2022 | $ 159,997,428 |
20,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.068% (Secured Overnight Financing Rate +0.017%), 2/1/2022 | 19,990,464 |
595,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.070% (Secured Overnight Financing Rate +0.020%), 2/1/2022 | 594,986,181 |
1,509,550,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.075% (Secured Overnight Financing Rate +0.025%), 2/1/2022 | 1,509,535,156 |
285,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.075% (Secured Overnight Financing Rate +0.025%), 2/1/2022 | 284,986,399 |
627,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.080% (Secured Overnight Financing Rate +0.030%), 2/1/2022 | 626,854,955 |
350,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.083% (Secured Overnight Financing Rate +0.032%), 2/1/2022 | 349,989,931 |
1,766,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.085% (Secured Overnight Financing Rate +0.035%), 2/1/2022 | 1,765,979,419 |
481,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.090% (Secured Overnight Financing Rate +0.040%), 2/1/2022 | 481,000,000 |
377,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.095% (Secured Overnight Financing Rate +0.045%), 2/1/2022 | 376,985,976 |
592,900,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.100% (Secured Overnight Financing Rate +0.050%), 2/1/2022 | 592,900,000 |
479,600,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.105% (Secured Overnight Financing Rate +0.055%), 2/1/2022 | 479,599,227 |
735,700,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.110% (Secured Overnight Financing Rate +0.060%), 2/1/2022 | 735,700,000 |
65,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.115% (Secured Overnight Financing Rate +0.065%), 2/1/2022 | 65,000,000 |
100,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.120% (Secured Overnight Financing Rate +0.070%), 2/1/2022 | 100,000,000 |
395,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.230% (Secured Overnight Financing Rate +0.180%), 2/1/2022 | 395,000,000 |
389,000,000 | Federal Farm Credit System Notes, 0.100%, 10/19/2022 | 388,975,081 | |
309,000,000 | Federal Farm Credit System, 0.160%, 10/13/2022 - 12/5/2022 | 308,942,815 | |
323,000,000 | 2 | Federal Home Loan Bank System Discount Notes, 0.170%, 6/24/2022 | 322,781,885 |
360,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.060% (Secured Overnight Financing Rate +0.010%), 2/1/2022 | 360,000,000 |
95,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.080% (Secured Overnight Financing Rate +0.030%), 2/1/2022 | 95,000,000 |
742,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.110% (Secured Overnight Financing Rate +0.060%), 2/1/2022 | 742,000,000 |
280,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.115% (Secured Overnight Financing Rate +0.065%), 2/1/2022 | 280,000,000 |
650,500,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.130% (Secured Overnight Financing Rate +0.080%), 2/1/2022 | 650,500,000 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES— continued | |||
$ 333,700,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.135% (Secured Overnight Financing Rate +0.085%), 2/1/2022 | $ 333,700,000 |
575,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.140% (Secured Overnight Financing Rate +0.090%), 2/1/2022 | 575,000,000 |
197,750,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.165% (Secured Overnight Financing Rate +0.115%), 2/1/2022 | 197,750,000 |
679,400,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.170% (Secured Overnight Financing Rate +0.120%), 2/1/2022 | 679,400,000 |
2,297,440,000 | Federal Home Loan Bank System, 2.000%, 2/22/2022 - 9/9/2022 | 2,297,862,729 | |
627,000,000 | 1 | Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.115% (Secured Overnight Financing Rate +0.065%), 2/1/2022 | 627,000,000 |
304,000,000 | 1 | Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.140% (Secured Overnight Financing Rate +0.090%), 2/1/2022 | 304,000,000 |
144,000,000 | 1 | Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 143,996,282 |
518,000,000 | 1 | Federal National Mortgage Association Floating Rate Notes, 0.230% (Secured Overnight Financing Rate +0.180%), 2/1/2022 | 518,000,000 |
333,800,000 | 1 | Federal National Mortgage Association Floating Rate Notes, 0.250% (Secured Overnight Financing Rate +0.200%), 2/1/2022 | 333,800,000 |
260,545,000 | 1 | Housing and Urban Development Floating Rate Notes, 0.435% (91-day T-Bill +0.350%), 2/1/2022 | 260,545,000 |
TOTAL GOVERNMENT AGENCIES | 17,957,758,928 | ||
U.S. TREASURIES— 24.2% | |||
U.S. Treasury Bills—12.1% | |||
57,600,000 | 2 | United States Treasury Bills, 0.050%, 3/17/2022 | 57,596,480 |
724,000,000 | 2 | United States Treasury Bills, 0.055%, 2/22/2022 | 723,976,793 |
1,518,400,000 | 2 | United States Treasury Bills, 0.055%, 3/1/2022 | 1,518,335,045 |
222,600,000 | 2 | United States Treasury Bills, 0.055%, 3/3/2022 | 222,589,797 |
880,000,000 | 2 | United States Treasury Bills, 0.060%, 4/21/2022 | 879,884,135 |
535,000,000 | 2 | United States Treasury Bills, 0.060%, 4/28/2022 | 534,923,318 |
315,000,000 | 2 | United States Treasury Bills, 0.065%, 5/5/2022 | 314,947,106 |
2,083,000,000 | 2 | United States Treasury Bills, 0.065%, 5/12/2022 | 2,082,623,898 |
330,000,000 | 2 | United States Treasury Bills, 0.070%, 3/24/2022 | 329,967,276 |
495,000,000 | 2 | United States Treasury Bills, 0.070%, 3/29/2022 | 494,946,100 |
942,000,000 | 2 | United States Treasury Bills, 0.075%, 7/14/2022 | 941,680,114 |
530,700,000 | 2 | United States Treasury Bills, 0.075%, 9/8/2022 | 530,457,869 |
1,500,000,000 | 2 | United States Treasury Bills, 0.080%, 8/11/2022 | 1,499,363,333 |
1,596,000,000 | 2 | United States Treasury Bills, 0.160%, 6/23/2022 | 1,594,992,745 |
811,000,000 | 2 | United States Treasury Bills, 0.160%, 11/3/2022 | 810,008,776 |
1,981,000,000 | 2 | United States Treasury Bills, 0.210%, 6/30/2022 | 1,979,278,175 |
1,096,000,000 | 2 | United States Treasury Bills, 0.220%, 7/7/2022 | 1,094,955,149 |
242,900,000 | 2 | United States Treasury Bills, 0.240%, 12/1/2022 | 242,409,341 |
250,000,000 | 2 | United States Treasury Bills, 0.280%, 5/31/2022 | 249,768,611 |
512,000,000 | 2 | United States Treasury Bills, 0.630%, 1/26/2023 | 508,783,360 |
TOTAL | 16,611,487,421 |
Principal Amount | Value | ||
U.S. TREASURIES— continued | |||
U.S. Treasury Notes—12.1% | |||
$ 1,415,500,000 | 1 | United States Treasury Floating Rate Notes, 0.219% (91-day T-Bill +0.029%), 2/1/2022 | $ 1,415,544,124 |
2,149,000,000 | 1 | United States Treasury Floating Rate Notes, 0.224% (91-day T-Bill +0.034%), 2/1/2022 | 2,149,077,243 |
976,200,000 | 1 | United States Treasury Floating Rate Notes, 0.225% (91-day T-Bill +0.035%), 2/1/2022 | 976,164,219 |
720,440,000 | 1 | United States Treasury Floating Rate Notes, 0.225% (91-day T-Bill -0.015%), 2/1/2022 | 720,440,000 |
1,635,920,000 | 1 | United States Treasury Floating Rate Notes, 0.239% (91-day T-Bill +0.049%), 2/1/2022 | 1,636,021,993 |
1,111,000,000 | 1 | United States Treasury Floating Rate Notes, 0.245% (91-day T-Bill +0.055%), 2/1/2022 | 1,111,002,075 |
260,000,000 | 1 | United States Treasury Floating Rate Notes, 0.304% (91-day T-Bill +0.114%), 2/1/2022 | 260,059,716 |
390,000,000 | United States Treasury Notes, 0.125%, 4/30/2022 | 390,040,911 | |
154,000,000 | United States Treasury Notes, 1.375%, 10/15/2022 | 155,382,690 | |
144,000,000 | United States Treasury Notes, 1.625%, 8/15/2022 | 145,173,919 | |
658,700,000 | United States Treasury Notes, 1.625%, 11/15/2022 | 666,510,117 | |
112,000,000 | United States Treasury Notes, 1.750%, 2/28/2022 | 112,137,402 | |
553,000,000 | United States Treasury Notes, 1.750%, 5/15/2022 | 555,624,395 | |
383,000,000 | United States Treasury Notes, 1.750%, 6/30/2022 | 384,378,613 | |
867,850,000 | United States Treasury Notes, 1.750%, 9/30/2022 | 871,316,626 | |
600,000,000 | United States Treasury Notes, 1.875%, 3/31/2022 | 601,626,041 | |
251,000,000 | United States Treasury Notes, 1.875%, 5/31/2022 | 252,475,636 | |
350,000,000 | United States Treasury Notes, 1.875%, 7/31/2022 | 353,107,648 | |
542,250,000 | United States Treasury Notes, 1.875%, 8/31/2022 | 547,505,011 | |
1,697,600,000 | United States Treasury Notes, 2.000%, 10/31/2022 | 1,701,216,362 | |
1,090,350,000 | United States Treasury Notes, 2.000%, 11/30/2022 | 1,098,912,750 | |
441,800,000 | United States Treasury Notes, 2.125%, 12/31/2022 | 448,562,270 | |
TOTAL | 16,552,279,761 | ||
TOTAL U.S. TREASURIES | 33,163,767,182 | ||
REPURCHASE AGREEMENTS— 62.0% | |||
993,000,000 | Interest in $1,125,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which ABN Amro Bank N.V., Netherlands will repurchase securities provided as collateral for $1,125,001,719 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 9/16/2063 and the market value of those underlying securities was $1,151,612,956. | 993,000,000 | |
500,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which Australia & New Zealand Banking Group, Melbourne, will repurchase securities provided as collateral for $500,000,764 on 2/1/2022. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2049 and the market value of those underlying securities was $510,810,032. | 500,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 1,669,851,000 | Interest in $1,980,000,000 joint repurchase agreement 0.05%, dated 1/31/2022 under which Bank of America, N.A. will repurchase securities provided as collateral for $1,980,002,750 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 4/20/2050 and the market value of those underlying securities was $2,019,602,805. | $ 1,669,851,000 | |
200,000,000 | Interest in $250,000,000 joint repurchase agreement 0.06%, dated 12/6/2021 under which Bank of Montreal will repurchase securities provided as collateral for $250,026,250 on 2/7/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 12/20/2071 and the market value of those underlying securities was $256,793,341. | 200,000,000 | |
100,000,000 | Repurchase agreement 0.06%, dated 1/10/2022 under which Bank of Montreal will repurchase securities provided as collateral for $100,005,333 on 2/11/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 11/15/2063 and the market value of those underlying securities was $102,003,740. | 100,000,000 | |
400,000,000 | Interest in $500,000,000 joint repurchase agreement 0.06%, dated 1/19/2022 under which Bank of Montreal will repurchase securities provided as collateral for $500,029,167 on 2/23/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 7/20/2069 and the market value of those underlying securities was $512,012,300. | 400,000,000 | |
100,000,000 | Repurchase agreement 0.06%, dated 1/24/2022 under which Bank of Montreal will repurchase securities provided as collateral for $100,008,667 on 3/17/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 1/20/2052 and the market value of those underlying securities was $102,417,325. | 100,000,000 | |
250,000,000 | Repurchase agreement 0.06%, dated 1/25/2022 under which Bank of Montreal will repurchase securities provided as collateral for $250,020,833 on 3/17/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 7/20/2069 and the market value of those underlying securities was $256,641,253. | 250,000,000 | |
600,000,000 | Interest in $950,000,000 joint repurchase agreement 0.12%, dated 1/18/2022 under which Bank of Montreal will repurchase securities provided as collateral for $950,231,167 on 4/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2051 and the market value of those underlying securities was $969,045,224. | 600,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 1,400,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which BMO Capital Markets Corp. will repurchase securities provided as collateral for $1,400,002,139 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 1/20/2072 and the market value of those underlying securities was $1,441,962,865. | $ 1,400,000,000 | |
400,000,000 | Interest in $500,000,000 joint repurchase agreement 0.06%, dated 1/11/2022 under which BMO Capital Markets Corp. will repurchase securities provided as collateral for $500,051,667 on 3/14/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 10/20/2071 and the market value of those underlying securities was $514,016,428. | 400,000,000 | |
400,000,000 | Interest in $500,000,000 joint repurchase agreement 0.06%, dated 1/21/2022 under which CIBC World Markets Corp. will repurchase securities provided as collateral for $500,043,333 on 3/17/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 11/20/2064 and the market value of those underlying securities was $510,080,387. | 400,000,000 | |
575,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $575,000,878 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2031 and the market value of those underlying securities was $586,749,337. | 575,000,000 | |
700,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $700,001,069 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 1/15/2030 and the market value of those underlying securities was $714,001,127. | 700,000,000 | |
800,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $800,001,333 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 12/20/2071 and the market value of those underlying securities was $816,034,452. | 800,000,000 | |
730,000,000 | Interest in $1,250,000,000 joint repurchase agreement 0.06%, dated 1/26/2022 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $1,250,068,750 on 2/28/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 1/31/2027 and the market value of those underlying securities was $1,275,093,265. | 730,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 1,250,000,000 | Interest in $1,750,000,000 joint repurchase agreement 0.07%, dated 3/4/2020 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $1,750,023,819 on 2/9/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 7/20/2065 and the market value of those underlying securities was $1,788,772,685. | $ 1,250,000,000 | |
54,250,000,000 | Repurchase agreement 0.05%, dated 1/31/2022 under which Federal Reserve Bank of New York will repurchase securities provided as collateral for $54,250,075,347 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2044 and the market value of those underlying securities was $54,250,075,356. | 54,250,000,000 | |
500,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $500,000,764 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2047 and the market value of those underlying securities was $510,000,036. | 500,000,000 | |
1,825,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $1,825,003,042 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 5/1/2058 and the market value of those underlying securities was $1,885,400,051. | 1,825,000,000 | |
980,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $980,001,633 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 4/15/2063 and the market value of those underlying securities was $999,600,005. | 980,000,000 | |
1,000,000,000 | Repurchase agreement 0.05%, dated 1/31/2022 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $1,000,001,389 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 1/31/2024 and the market value of those underlying securities was $1,020,486,061. | 1,000,000,000 | |
1,500,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $1,500,002,292 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2041 and the market value of those underlying securities was $1,530,000,082. | 1,500,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 2,000,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $2,000,003,056 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/1/2052 and the market value of those underlying securities was $2,060,000,000. | $ 2,000,000,000 | |
75,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which HSBC Securities (USA), Inc. will repurchase securities provided as collateral for $75,000,125 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 1/20/2051 and the market value of those underlying securities was $76,500,000. | 75,000,000 | |
500,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which ING Financial Markets LLC will repurchase securities provided as collateral for $500,000,764 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2046 and the market value of those underlying securities was $512,238,171. | 500,000,000 | |
450,001,562 | Repurchase agreement 0.06%, dated 1/31/2022 under which Metropolitan Life Insurance Co. will repurchase securities provided as collateral for $450,002,312 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2047 and the market value of those underlying securities was $459,567,968. | 450,001,562 | |
504,238,000 | Interest in $650,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Mizuho Securities USA, Inc. will repurchase securities provided as collateral for $650,001,083 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/1/2052 and the market value of those underlying securities was $663,001,106. | 504,238,000 | |
1,093,241,000 | Interest in $1,650,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $1,650,002,521 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 10/16/2063 and the market value of those underlying securities was $1,690,202,215. | 1,093,241,000 | |
1,729,000,000 | Interest in $2,275,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $2,275,003,476 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2051 and the market value of those underlying securities was $2,320,503,552. | 1,729,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 700,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.06%, dated 11/15/2021 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $1,000,153,333 on 2/15/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2051 and the market value of those underlying securities was $1,020,132,615. | $ 700,000,000 | |
800,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.06%, dated 10/19/2021 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $1,000,200,000 on 2/17/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/16/2063 and the market value of those underlying securities was $1,021,608,710. | 800,000,000 | |
208,985,568 | Repurchase agreement 0.07%, dated 1/31/2022 under which Prudential Insurance Co. of America will repurchase securities provided as collateral for $208,985,974 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 10/1/2048 and the market value of those underlying securities was $213,342,617. | 208,985,568 | |
87,618,750 | Repurchase agreement 0.06%, dated 1/31/2022 under which Prudential Legacy Insurance Co. of NJ will repurchase securities provided as collateral for $87,618,896 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2031 and the market value of those underlying securities was $89,380,200. | 87,618,750 | |
1,500,000,000 | Interest in $2,000,000,000 joint repurchase agreement 0.06%, dated 1/24/2022 under which Royal Bank of Canada, New York Branch will repurchase securities provided as collateral for $2,000,173,333 on 3/17/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/1/2052 and the market value of those underlying securities was $2,042,195,604. | 1,500,000,000 | |
2,350,000,000 | Interest in $3,000,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $3,000,004,583 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2050 and the market value of those underlying securities was $3,060,004,676. | 2,350,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 1,732,000,000 | Interest in $3,000,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $3,000,004,583 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 10/1/2051 and the market value of those underlying securities was $3,060,315,432. | $ 1,732,000,000 | |
TOTAL REPURCHASE AGREEMENTS | 84,852,935,880 | ||
TOTAL INVESTMENT IN SECURITIES—99.3% (AT AMORTIZED COST)3 | 135,974,461,990 | ||
OTHER ASSETS AND LIABILITIES - NET—0.7%4 | 952,941,454 | ||
TOTAL NET ASSETS—100% | $136,927,403,444 |
1 | Floating/variable note with current rate and current maturity or next reset date shown. |
2 | Discount rate(s) at time of purchase. |
3 | Also represents cost of investments for federal tax purposes. |
4 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0002 | 0.0002 | 0.012 | 0.012 | 0.003 | 0.001 |
Net realized gain (loss) | 0.0002 | 0.0002 | (0.001) | (0.000)2 | 0.0002 | 0.0002 |
Total From Investment Operations | 0.0002 | 0.0002 | 0.011 | 0.012 | 0.003 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)2 | (0.000)2 | (0.011) | (0.012) | (0.003) | (0.001) |
Distributions from net realized gain | (0.000)2 | — | (0.000)2 | — | (0.000)2 | (0.000)2 |
Total Distributions | (0.000)2 | (0.000)2 | (0.011) | (0.012) | (0.003) | (0.001) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return3 | 0.01% | 0.02% | 1.12% | 1.23% | 0.31% | 0.01% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.05%5 | 0.11% | 0.17% | 1.15% | 1.11% | 0.68% |
Net investment income | 0.02%5 | 0.02% | 0.74% | 1.21% | 0.24% | 0.01% |
Expense waiver/reimbursement6 | 0.25%5 | 0.20% | 0.14% | 0.13% | 0.17% | 0.58% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $8,439,214 | $8,073,883 | $7,328,261 | $3,307 | $2,365 | $5,259 |
1 | Effective August 1, 2019, the Class R Shares were re-designated as Select Shares. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.011 | 0.021 | 0.013 | 0.001 |
Net realized gain (loss) | 0.0001 | — | (0.000)1 | (0.000)1 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.011 | 0.021 | 0.013 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.011) | (0.021) | (0.013) | (0.001) |
Distributions from net realized gain | (0.000)1 | — | (0.000)1 | — | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.011) | (0.021) | (0.013) | (0.001) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.02% | 1.09% | 2.17% | 1.26% | 0.47% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.05%4 | 0.10% | 0.19% | 0.19% | 0.19% | 0.18% |
Net investment income | 0.02%4 | 0.02% | 0.97% | 2.15% | 1.24% | 0.47% |
Expense waiver/ reimbursement5 | 0.28%4 | 0.23% | 0.15% | 0.14% | 0.15% | 0.16% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $33,064,187 | $31,176,397 | $29,928,127 | $23,667,498 | $23,308,693 | $26,390,917 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.009 | 0.019 | 0.010 | 0.001 |
Net realized gain (loss) | 0.0001 | — | 0.0001 | (0.000)1 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.009 | 0.019 | 0.010 | 0.0011 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.009) | (0.019) | (0.010) | (0.001) |
Distributions from net realized gain | (0.000)1 | — | (0.000)1 | — | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.009) | (0.019) | (0.010) | (0.001) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.02% | 0.91% | 1.94% | 1.03% | 0.23% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.05%4 | 0.11% | 0.38% | 0.42% | 0.41% | 0.42% |
Net investment income | 0.02%4 | 0.01% | 0.83% | 1.93% | 1.02% | 0.23% |
Expense waiver/ reimbursement5 | 0.50%4 | 0.43% | 0.17% | 0.13% | 0.13% | 0.15% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $11,811,599 | $13,157,890 | $12,300,069 | $10,249,258 | $7,828,028 | $8,078,425 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | Period Ended 7/31/20181 | |||
2021 | 2020 | 2019 | |||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | |||||
Net investment income | 0.019 | 0.024 | 0.009 | 0.019 | 0.009 |
Net realized gain (loss) | (0.019) | (0.024) | (0.000)2 | (0.000)2 | — |
Total From Investment Operations | 0.000 | 0.000 | 0.009 | 0.019 | 0.009 |
Less Distributions: | |||||
Distributions from net investment income | (0.000)2 | (0.000)2 | (0.009) | (0.019) | (0.009) |
Distributions from net realized gain | (0.000)2 | — | (0.000)2 | — | — |
Total Distributions | (0.000)2 | (0.000)2 | (0.009) | (0.019) | (0.009) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return3 | 0.01% | 0.02% | 0.88% | 1.90% | 0.91% |
Ratios to Average Net Assets: | |||||
Net Expenses4 | 0.05%5 | 0.19% | 0.41% | 0.45% | 0.45%5 |
Net investment income | 0.02%5 | 0.01% | 0.89% | 1.97% | 1.23%5 |
Expense waiver/reimbursement6 | 0.52%5 | 0.39% | 0.18% | 0.13% | 0.15%5 |
Supplemental Data: | |||||
Net assets, end of period (000 omitted) | $123 | $219 | $253,981 | $176,438 | $12,413 |
1 | Reflects operations for the period from September 28, 2017 (date of initial investment) to July 31, 2018. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.006 | 0.015 | 0.006 | 0.0001 |
Net realized gain (loss) | 0.0001 | — | 0.0001 | (0.000)1 | (0.000)1 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.006 | 0.015 | 0.006 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.006) | (0.015) | (0.006) | (0.000)1 |
Distributions from net realized gain | (0.000)1 | — | (0.000)1 | — | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.006) | (0.015) | (0.006) | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.02% | 0.63% | 1.51% | 0.60% | 0.03% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.05%4 | 0.11% | 0.64% | 0.84% | 0.84% | 0.60% |
Net investment income | 0.02%4 | 0.01% | 0.61% | 1.51% | 0.60% | 0.03% |
Expense waiver/reimbursement5 | 0.92%4 | 0.86% | 0.34% | 0.13% | 0.13% | 0.38% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $622,467 | $625,477 | $599,710 | $534,565 | $494,899 | $474,014 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.005 | 0.013 | 0.004 | 0.0001 |
Net realized gain (loss) | 0.0001 | — | 0.0001 | (0.000)1 | (0.000)1 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.005 | 0.013 | 0.004 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.005) | (0.013) | (0.004) | (0.000)1 |
Distributions from net realized gain | (0.000)1 | — | (0.000)1 | — | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.005) | (0.013) | (0.004) | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.02% | 0.54% | 1.35% | 0.39% | 0.01% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.05%4 | 0.11% | 0.71% | 1.00% | 1.05% | 0.59% |
Net investment income | 0.02%4 | 0.01% | 0.48% | 1.35% | 0.31% | 0.01% |
Expense waiver/reimbursement5 | 1.16%4 | 1.07% | 0.47% | 0.18% | 0.18% | 0.64% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $331,694 | $526,713 | $349,935 | $259,284 | $96,724 | $203,670 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.010 | 0.020 | 0.011 | 0.001 |
Net realized gain (loss) | 0.0001 | — | (0.000)1 | (0.000)1 | (0.000)1 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.010 | 0.020 | 0.011 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.010) | (0.020) | (0.011) | (0.001) |
Distributions from net realized gain | (0.000)1 | — | (0.000)1 | — | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.010) | (0.020) | (0.011) | (0.001) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.02% | 0.99% | 2.05% | 1.14% | 0.36% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.05%4 | 0.12% | 0.30% | 0.30% | 0.30% | 0.29% |
Net investment income | 0.02%4 | 0.01% | 0.94% | 2.04% | 1.15% | 0.38% |
Expense waiver/reimbursement5 | 0.39%4 | 0.32% | 0.14% | 0.13% | 0.13% | 0.14% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $3,877,432 | $3,044,642 | $3,454,165 | $3,399,696 | $3,078,850 | $2,568,978 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.007 | 0.017 | 0.008 | 0.0001 |
Net realized gain (loss) | 0.0001 | — | (0.000)1 | (0.000)1 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.007 | 0.017 | 0.008 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.007) | (0.017) | (0.008) | (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 | (0.000)1 | (0.007) | (0.017) | (0.008) | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.02% | 0.73% | 1.67% | 0.76% | 0.09% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.05%4 | 0.12% | 0.54% | 0.69% | 0.68% | 0.56% |
Net investment income | 0.02%4 | 0.01% | 0.66% | 1.71% | 0.74% | 0.09% |
Expense waiver/reimbursement5 | 0.78%4 | 0.71% | 0.29% | 0.13% | 0.13% | 0.25% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $2,811,124 | $2,658,370 | $3,303,066 | $2,472,153 | $597,348 | $1,255,471 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.011 | 0.022 | 0.013 | 0.001 |
Net realized gain (loss) | 0.0001 | — | 0.0001 | (0.000)1 | (0.000)1 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.011 | 0.022 | 0.013 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.011) | (0.022) | (0.013) | (0.001) |
Distributions from net realized gain | (0.000)1 | — | (0.000)1 | — | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.011) | (0.022) | (0.013) | (0.001) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.03% | 1.14% | 2.21% | 1.29% | 0.51% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.05%4 | 0.10% | 0.15% | 0.15% | 0.15% | 0.14% |
Net investment income | 0.02%4 | 0.02% | 0.96% | 2.20% | 1.28% | 0.52% |
Expense waiver/ reimbursement5 | 0.24%4 | 0.18% | 0.14% | 0.13% | 0.13% | 0.14% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $75,439,900 | $69,590,226 | $76,682,858 | $42,873,211 | $29,053,580 | $27,271,620 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | Period Ended 7/31/20191 | ||
2021 | 2020 | |||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||
Net investment income | 0.0002 | 0.0002 | 0.011 | 0.012 |
Net realized gain (loss) | 0.0002 | — | 0.0002 | (0.000)2 |
Total From Investment Operations | 0.0002 | 0.0002 | 0.011 | 0.012 |
Less Distributions: | ||||
Distributions from net investment income | (0.000)2 | (0.000)2 | (0.011) | (0.012) |
Distributions from net realized gains | (0.000)2 | — | (0.000)2 | — |
Total Distributions | (0.000)2 | (0.000)2 | (0.011) | (0.012) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return3 | 0.01% | 0.03% | 1.14% | 1.24% |
Ratios to Average Net Assets: | ||||
Net expenses4 | 0.05%5 | 0.11% | 0.15% | 0.15%5 |
Net investment income | 0.02%5 | 0.03% | 0.81% | 2.29%5 |
Expense waiver/reimbursement6 | 0.24%5 | 0.17% | 0.14% | 0.13%5 |
Supplemental Data: | ||||
Net assets, end of period (000 omitted) | $529,662 | $571,121 | $1,089 | $356 |
1 | Reflects operations for the period from January 18, 2019 (commencement of operations) to July 31, 2019. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
January 31, 2022 (unaudited)
Assets: | |
Investment in repurchase agreements | $84,852,935,880 |
Investment in securities | 51,121,526,110 |
Investment in securities, at amortized cost | 135,974,461,990 |
Cash | 1,185,881,648 |
Income receivable | 26,980,058 |
Receivable for shares sold | 84,648,750 |
Total Assets | 137,271,972,446 |
Liabilities: | |
Payable for investments purchased | 249,768,611 |
Payable for shares redeemed | 89,925,046 |
Income distribution payable | 1,719,806 |
Payable to adviser (Note 4) | 1,082,550 |
Payable for administrative fee (Note 4) | 293,375 |
Accrued expenses (Note 4) | 1,779,614 |
Total Liabilities | 344,569,002 |
Net assets for 136,927,294,121 shares outstanding | $136,927,403,444 |
Net Assets Consist of: | |
Paid-in capital | $136,927,471,731 |
Total distributable earnings (loss) | (68,287) |
Total Net Assets | $136,927,403,444 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Select Shares: | |
$8,439,214,030 ÷ 8,439,207,293 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Institutional Shares: | |
$33,064,187,275 ÷ 33,064,160,878 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$11,811,598,800 ÷ 11,811,589,353 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Administrative Shares: | |
$123,372 ÷ 123,372 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$622,466,650 ÷ 622,466,153 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$331,694,400 ÷ 331,694,135 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Capital Shares: | |
$3,877,432,364 ÷ 3,877,429,265 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Trust Shares: | |
$2,811,123,905 ÷ 2,811,121,659 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Premier Shares: | |
$75,439,900,150 ÷ 75,439,839,936 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Advisor Shares: | |
$529,662,498 ÷ 529,662,077 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Six Months Ended January 31, 2022 (unaudited)
Investment Income: | |
Interest | $45,999,937 |
Expenses: | |
Investment adviser fee (Note 4) | 132,742,065 |
Administrative fee (Note 4) | 51,892,688 |
Custodian fees | 1,862,220 |
Transfer agent fees (Note 2) | 2,294,840 |
Directors’/Trustees’ fees (Note 4) | 351,168 |
Auditing fees | 10,841 |
Legal fees | 4,760 |
Portfolio accounting fees | 172,663 |
Distribution services fee (Note 4) | 5,776,946 |
Other service fees (Notes 2 and 4) | 31,490,765 |
Share registration costs | 176,007 |
Printing and postage | 388,314 |
Miscellaneous (Note 4) | 296,994 |
TOTAL EXPENSES | 227,460,271 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 4) | (132,742,065) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (62,485,054) |
TOTAL WAIVERS AND REIMBURSEMENTS | (195,227,119) |
Net expenses | 32,233,152 |
Net investment income | 13,766,785 |
Net realized loss on investments | (60,245) |
Change in net assets resulting from operations | $13,706,540 |
Six Months Ended (unaudited) 1/31/2022 | Year Ended 7/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income (loss) | $13,766,785 | $24,909,877 |
Net realized gain (loss) | (60,245) | 9,077,458 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 13,706,540 | 33,987,335 |
Distributions to Shareholders: | ||
Select Shares | (1,147,994) | (1,828,331) |
Institutional Shares | (4,143,160) | (5,856,051) |
Service Shares | (1,538,087) | (2,296,400) |
Administrative Shares | (29) | (6,621) |
Cash II Shares | (78,107) | (115,528) |
Cash Series Shares | (52,996) | (68,462) |
Capital Shares | (451,498) | (570,369) |
Trust Shares | (341,848) | (554,628) |
Premier Shares | (8,796,890) | (20,496,173) |
Advisor Shares | (69,130) | (245,060) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (16,619,739) | (32,037,623) |
Share Transactions: | ||
Proceeds from sale of shares | 424,608,300,307 | 746,976,858,957 |
Net asset value of shares issued to shareholders in payment of distributions declared | 6,854,002 | 12,956,511 |
Cost of shares redeemed | (417,109,776,708) | (752,855,672,951) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 7,505,377,601 | (5,865,857,483) |
Change in net assets | 7,502,464,402 | (5,863,907,771) |
Net Assets: | ||
Beginning of period | 129,424,939,042 | 135,288,846,813 |
End of period | $136,927,403,444 | $129,424,939,042 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Select Shares | $28,630 | $— | $— |
Institutional Shares | 103,375 | — | (213) |
Service Shares | 913,191 | — | (874,688) |
Administrative Shares | 1 | — | — |
Cash II Shares | 265,560 | — | (263,611) |
Cash Series Shares | 164,084 | (1,669) | (161,079) |
Capital Shares | 11,227 | — | — |
Trust Shares | 587,766 | — | (579,238) |
Premier Shares | 219,275 | (405) | — |
Advisor Shares | 1,731 | — | — |
TOTAL | $2,294,840 | $(2,074) | $(1,878,829) |
Other Service Fees Incurred | Other Service Fees Waived by Unaffiliated Third Parties | |
Select Shares | $799,089 | $(799,089) |
Institutional Shares | 7,905,307 | (7,905,307) |
Service Shares | 15,358,784 | (15,358,784) |
Administrative Shares | 40 | (40) |
Cash II Shares | 780,072 | (780,072) |
Cash Series Shares | 529,354 | (529,354) |
Capital Shares | 2,704,414 | (2,704,414) |
Trust Shares | 3,413,705 | (3,413,705) |
TOTAL | $31,490,765 | $(31,490,765) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Select Shares: | Shares | Amount | Shares | Amount |
Shares sold | 7,578,993,344 | $7,578,993,344 | 11,534,377,670 | $11,534,389,592 |
Shares issued to shareholders in payment of distributions declared | 83,546 | 83,546 | 57,230 | 57,230 |
Shares redeemed | (7,213,564,244) | (7,213,564,244) | (10,788,951,388) | (10,788,951,388) |
NET CHANGE RESULTING FROM SELECT SHARE TRANSACTIONS | 365,512,646 | $365,512,646 | 745,483,512 | $745,495,434 |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 121,531,946,921 | $121,531,946,921 | 180,086,920,529 | $180,086,956,684 |
Shares issued to shareholders in payment of distributions declared | 1,485,622 | 1,485,622 | 2,026,188 | 2,026,188 |
Shares redeemed | (119,644,940,848) | (119,644,940,848) | (178,841,202,810) | (178,841,202,810) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | 1,888,491,695 | $1,888,491,695 | 1,247,743,907 | $1,247,780,062 |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 15,443,598,762 | $15,443,598,762 | 33,550,470,325 | $33,550,489,325 |
Shares issued to shareholders in payment of distributions declared | 657,214 | 657,214 | 754,237 | 754,237 |
Shares redeemed | (16,790,249,535) | (16,790,249,535) | (32,693,627,797) | (32,693,627,797) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (1,345,993,559) | $(1,345,993,559) | 857,596,765 | $857,615,765 |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Administrative Shares: | Shares | Amount | Shares | Amount |
Shares sold | 483,492 | $483,492 | 154,066,827 | $154,066,827 |
Shares issued to shareholders in payment of distributions declared | 19 | 19 | 1,024 | 1,024 |
Shares redeemed | (579,003) | (579,003) | (407,828,140) | (407,828,140) |
NET CHANGE RESULTING FROM ADMINISTRATIVE SHARE TRANSACTIONS | (95,492) | $(95,492) | (253,760,289) | $(253,760,289) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 207,286,926 | $207,286,926 | 1,108,325,759 | $1,108,326,840 |
Shares issued to shareholders in payment of distributions declared | 76,806 | 76,806 | 113,869 | 113,869 |
Shares redeemed | (210,359,747) | (210,359,747) | (1,082,683,108) | (1,082,683,108) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | (2,996,015) | $(2,996,015) | 25,756,520 | $25,757,601 |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 649,443,068 | $649,443,068 | 1,974,548,300 | $1,974,548,756 |
Shares issued to shareholders in payment of distributions declared | 52,754 | 52,754 | 68,051 | 68,051 |
Shares redeemed | (844,502,857) | (844,502,857) | (1,797,848,066) | (1,797,848,066) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | (195,007,035) | $(195,007,035) | 176,768,285 | $176,768,741 |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 6,079,327,972 | $6,079,327,972 | 10,680,533,074 | $10,680,537,870 |
Shares issued to shareholders in payment of distributions declared | 319,460 | 319,460 | 395,798 | 395,798 |
Shares redeemed | (5,246,788,870) | (5,246,788,870) | (11,090,499,803) | (11,090,499,803) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | 832,858,562 | $832,858,562 | (409,570,931) | $(409,566,135) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Trust Shares: | Shares | Amount | Shares | Amount |
Shares sold | 1,490,460,269 | $1,490,460,269 | 5,919,821,773 | $5,919,827,230 |
Shares issued to shareholders in payment of distributions declared | 288,168 | 288,168 | 481,041 | 481,041 |
Shares redeemed | (1,337,934,768) | (1,337,934,768) | (6,565,038,268) | (6,565,038,268) |
NET CHANGE RESULTING FROM TRUST SHARE TRANSACTIONS | 152,813,669 | $152,813,669 | (644,735,454) | $(644,729,997) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Premier Shares: | Shares | Amount | Shares | Amount |
Shares sold | 271,399,377,972 | $271,399,377,972 | 501,565,158,244 | $501,565,237,176 |
Shares issued to shareholders in payment of distributions declared | 3,821,663 | 3,821,663 | 8,814,730 | 8,814,730 |
Shares redeemed | (265,551,961,401) | (265,551,961,401) | (508,667,711,171) | (508,667,711,171) |
NET CHANGE RESULTING FROM PREMIER SHARE TRANSACTIONS | 5,851,238,234 | $5,851,238,234 | (7,093,738,197) | $(7,093,659,265) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Advisor Shares: | Shares | Amount | Shares | Amount |
Shares sold | 227,381,581 | $227,381,581 | 402,477,521 | $402,478,657 |
Shares issued to shareholders in payment of distributions declared | 68,750 | 68,750 | 244,343 | 244,343 |
Shares redeemed | (268,895,435) | (268,895,435) | (920,282,400) | (920,282,400) |
NET CHANGE RESULTING FROM ADVISOR SHARES TRANSACTIONS | (41,445,104) | $(41,445,104) | (517,560,536) | $(517,559,400) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 7,505,377,601 | $7,505,377,601 | (5,866,016,418) | $(5,865,857,483) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Administrative Shares | 0.25% |
Cash II Shares | 0.35% |
Cash Series Shares | 0.60% |
Trust Shares | 0.25% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Administrative Shares | $278 | $(278) |
Cash II Shares | 1,092,244 | (1,092,244) |
Cash Series Shares | 1,270,450 | (1,270,450) |
Trust Shares | 3,413,974 | (3,413,974) |
TOTAL | $5,776,946 | $(5,776,946) |
Beginning Account Value 8/1/2021 | Ending Account Value 1/31/2022 | Expenses Paid During Period1 | |
Actual: | |||
Select Shares | $1,000 | $1,000.10 | $0.252 |
Institutional Shares | $1,000 | $1,000.10 | $0.253 |
Service Shares | $1,000 | $1,000.10 | $0.254 |
Administrative Shares | $1,000 | $1,000.10 | $0.255 |
Cash II Shares | $1,000 | $1,000.10 | $0.256 |
Cash Series Shares | $1,000 | $1,000.10 | $0.257 |
Capital Shares | $1,000 | $1,000.10 | $0.258 |
Trust Shares | $1,000 | $1,000.10 | $0.259 |
Premier Shares | $1,000 | $1,000.10 | $0.2510 |
Advisor Shares | $1,000 | $1,000.10 | $0.2511 |
Hypothetical (assuming a 5% return before expenses): | |||
Select Shares | $1,000 | $1,024.95 | $0.262 |
Institutional Shares | $1,000 | $1,024.95 | $0.263 |
Service Shares | $1,000 | $1,024.95 | $0.264 |
Administrative Shares | $1,000 | $1,024.95 | $0.265 |
Cash II Shares | $1,000 | $1,024.95 | $0.266 |
Cash Series Shares | $1,000 | $1,024.95 | $0.267 |
Capital Shares | $1,000 | $1,024.95 | $0.268 |
Trust Shares | $1,000 | $1,024.95 | $0.269 |
Premier Shares | $1,000 | $1,024.95 | $0.2610 |
Advisor Shares | $1,000 | $1,024.95 | $0.2611 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Select Shares | 0.05% |
Institutional Shares | 0.05% |
Service Shares | 0.05% |
Administrative Shares | 0.05% |
Cash II Shares | 0.05% |
Cash Series Shares | 0.05% |
Capital Shares | 0.05% |
Trust Shares | 0.05% |
Premier Shares | 0.05% |
Advisor Shares | 0.05% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Select Shares current Fee Limit of 0.17% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $0.86 and $0.87, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Service Shares current Fee Limit of 0.45% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.27 and $2.29, respectively. |
5 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Administrative Shares current Fee Limit of 0.45% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.27 and $2.29, respectively. |
6 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash II Shares current Fee Limit of 0.85% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $4.29 and $4.33, respectively. |
7 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash Series Shares current Fee Limit of 1.05% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $5.29 and $5.35, respectively. |
8 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Capital Shares current Fee Limit of 0.30% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.51 and $1.53, respectively. |
9 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Trust Shares current Fee Limit of 0.70% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $3.53 and $3.57, respectively. |
10 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Premier Shares current Fee Limit of 0.15% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $0.76 and $0.77, respectively. |
11 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Advisor Shares current Fee Limit of 0.15% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $0.76 and $0.77, respectively. |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
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Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N104
CUSIP 60934N807
CUSIP 608919395
CUSIP 608919676
CUSIP 608919684
CUSIP 608919809
CUSIP 60934N153
CUSIP 608919718
CUSIP 608919437
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Share Class | Ticker | Automated | GOAXX | Institutional | GOTXX | Service | GTSXX |
Federated Hermes Government Obligations Tax-Managed Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
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Security Type | Percentage of Total Net Assets |
U.S. Treasury Securities | 81.2% |
U.S. Government Agency Securities | 24.8% |
Other Assets and Liabilities—Net2 | (6.0)% |
TOTAL | 100% |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 24.5% |
8-30 Days | 38.8% |
31-90 Days | 35.6% |
91-180 Days | 5.3% |
181 Days or more | 1.8% |
Other Assets and Liabilities—Net2 | (6.0)% |
TOTAL | 100% |
Principal Amount | Value | ||
U.S. TREASURY—81.2% | |||
$128,000,000 | United States Treasury Bill, 0.035%, 3/1/2022 | $127,996,516 | |
800,000,000 | United States Treasury Bill, 0.040%, 2/22/2022 | 799,981,333 | |
33,000,000 | United States Treasury Bill, 0.045%, 3/15/2022 | 32,998,268 | |
350,000,000 | United States Treasury Bill, 0.050%, 2/8/2022 | 349,996,597 | |
225,000,000 | United States Treasury Bill, 0.050%, 3/3/2022 | 224,990,625 | |
150,000,000 | United States Treasury Bill, 0.055%, 3/8/2022 | 149,991,979 | |
250,000,000 | United States Treasury Bill, 0.075%, 3/24/2022 | 249,973,438 | |
25,000,000 | United States Treasury Bill, 0.075%, 7/14/2022 | 24,991,510 | |
44,000,000 | United States Treasury Bill, 0.080%, 8/11/2022 | 43,981,324 | |
125,000,000 | United States Treasury Bill, 0.120%, 4/14/2022 | 124,970,000 | |
300,000,000 | United States Treasury Bill, 0.140%, 3/29/2022 | 299,934,667 | |
25,000,000 | United States Treasury Bill, 0.160%, 6/23/2022 | 24,984,222 | |
100,000,000 | United States Treasury Bill, 0.170%, 4/21/2022 | 99,962,695 | |
150,000,000 | United States Treasury Bill, 0.190%, 4/28/2022 | 149,931,916 | |
75,000,000 | United States Treasury Bill, 0.210%, 6/30/2022 | 74,934,812 | |
45,980,000 | United States Treasury Bill, 0.220%, 7/7/2022 | 45,936,166 | |
75,000,000 | United States Treasury Bill, 0.240%, 5/5/2022 | 74,954,500 | |
284,000,000 | United States Treasury Bills, 0.030%—0.040%, 2/15/2022 | 283,995,909 | |
448,519,000 | United States Treasury Bills, 0.030%—0.045%, 2/10/2022 | 448,514,296 | |
225,000,000 | United States Treasury Bills, 0.038%—0.070%, 3/10/2022 | 224,987,795 | |
328,000,000 | United States Treasury Bills, 0.040%—0.055%, 2/1/2022 | 328,000,000 | |
450,000,000 | United States Treasury Bills, 0.041%—0.085%, 3/31/2022 | 449,941,919 | |
450,000,000 | United States Treasury Bills, 0.045%—0.050%, 2/17/2022 | 449,990,889 | |
35,000,000 | 1 | United States Treasury Floating Rate Notes, 0.219% (91-day T-Bill +0.029%), 2/1/2022 | 34,999,471 |
120,000,000 | 1 | United States Treasury Floating Rate Notes, 0.224% (91-day T-Bill +0.034%), 2/1/2022 | 120,004,024 |
35,000,000 | 1 | United States Treasury Floating Rate Notes, 0.225% (91-day T-Bill -0.015%), 2/1/2022 | 35,000,000 |
25,000,000 | 1 | United States Treasury Floating Rate Notes, 0.239% (91-day T-Bill +0.049%), 2/1/2022 | 25,000,000 |
35,000,000 | 1 | United States Treasury Floating Rate Notes, 0.245% (91-day T-Bill +0.055%), 2/1/2022 | 34,999,850 |
Principal Amount | Value | ||
U.S. TREASURY—continued | |||
$25,000,000 | United States Treasury Note, 0.125%, 11/30/2022 | $24,994,412 | |
200,000,000 | United States Treasury Note, 0.375%, 3/31/2022 | 200,097,717 | |
10,000,000 | United States Treasury Note, 1.625%, 11/15/2022 | 10,118,832 | |
12,000,000 | United States Treasury Note, 1.750%, 5/15/2022 | 12,056,856 | |
12,000,000 | United States Treasury Note, 1.875%, 5/31/2022 | 12,070,548 | |
35,000,000 | United States Treasury Note, 2.375%, 3/15/2022 | 35,092,683 | |
35,000,000 | United States Treasury Notes, 0.125%—1.875%, 4/30/2022 | 35,110,626 | |
TOTAL U.S. TREASURY | 5,665,486,395 | ||
GOVERNMENT AGENCIES—24.8% | |||
171,000,000 | 2 | Federal Farm Credit System Discount Notes, 0.050%—0.110%, 2/8/2022 - 9/22/2022 | 170,943,909 |
71,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.075% (Secured Overnight Financing Rate +0.025%), 2/1/2022 | 71,000,000 |
25,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.080% (Secured Overnight Financing Rate +0.030%), 2/1/2022 | 25,000,000 |
70,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.085% (Secured Overnight Financing Rate +0.035%), 2/1/2022 | 70,000,000 |
34,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.090% (Secured Overnight Financing Rate +0.040%), 2/1/2022 | 34,000,000 |
35,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.095% (Secured Overnight Financing Rate +0.045%), 2/1/2022 | 34,998,538 |
33,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.105% (Secured Overnight Financing Rate +0.055%), 2/1/2022 | 32,999,122 |
39,198,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.110% (Secured Overnight Financing Rate +0.060%), 2/1/2022 | 39,198,536 |
16,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.115% (Secured Overnight Financing Rate +0.065%), 2/1/2022 | 16,000,000 |
25,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.120% (Secured Overnight Financing Rate +0.070%), 2/1/2022 | 25,000,000 |
15,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.125% (Secured Overnight Financing Rate +0.075%), 2/1/2022 | 15,000,000 |
89,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.180% (Secured Overnight Financing Rate +0.130%), 2/1/2022 | 89,000,000 |
2,230,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.185% (Secured Overnight Financing Rate +0.135%), 2/1/2022 | 2,232,789 |
25,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.195% (Secured Overnight Financing Rate +0.145%), 2/1/2022 | 25,000,000 |
50,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.230% (Secured Overnight Financing Rate +0.180%), 2/1/2022 | 50,000,000 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES—continued | |||
$40,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.250% (Secured Overnight Financing Rate +0.200%), 2/1/2022 | $40,000,000 |
8,200,000 | Federal Farm Credit System, 0.375%—2.200%, 2/28/2022 - 4/8/2022 | 8,209,585 | |
528,000,000 | 2 | Federal Home Loan Bank System Discount Notes, 0.031%—0.179%, 2/2/2022 - 6/24/2022 | 527,945,734 |
85,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.060% (Secured Overnight Financing Rate +0.010%), 2/1/2022 | 85,000,000 |
5,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.080% (Secured Overnight Financing Rate +0.030%), 2/1/2022 | 5,000,000 |
14,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.085% (Secured Overnight Financing Rate +0.035%), 2/1/2022 | 14,000,000 |
25,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.095% (Secured Overnight Financing Rate +0.045%), 2/1/2022 | 25,000,000 |
35,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.105% (Secured Overnight Financing Rate +0.055%), 2/1/2022 | 35,000,000 |
55,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.110% (Secured Overnight Financing Rate +0.060%), 2/1/2022 | 55,000,000 |
17,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.115% (Secured Overnight Financing Rate +0.065%), 2/1/2022 | 17,000,000 |
25,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.130% (Secured Overnight Financing Rate +0.080%), 2/1/2022 | 25,000,000 |
15,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.135% (Secured Overnight Financing Rate +0.085%), 2/1/2022 | 15,000,000 |
50,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.170% (Secured Overnight Financing Rate +0.120%), 2/1/2022 | 50,000,000 |
125,555,000 | Federal Home Loan Bank System, 0.050%—2.250%, 2/15/2022 - 3/11/2022 | 125,613,384 | |
TOTAL GOVERNMENT AGENCIES | 1,728,141,597 | ||
TOTAL INVESTMENT IN SECURITIES—106.0% (AT AMORTIZED COST)3 | 7,393,627,992 | ||
OTHER ASSETS AND LIABILITIES - NET—(6.0)%4 | (421,184,669) | ||
TOTAL NET ASSETS—100% | $6,972,443,323 |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.008 | 0.018 | 0.009 | 0.001 |
Net realized gain | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.0001 | 0.008 | 0.018 | 0.009 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.008) | (0.018) | (0.009) | (0.001) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.000)1 | (0.008) | (0.018) | (0.009) | (0.001) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.01% | 0.83% | 1.81% | 0.93% | 0.14% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.06%4 | 0.10% | 0.47%5 | 0.52%5 | 0.51%5 | 0.50%5 |
Net investment income | 0.00%4,6 | 0.02% | 0.84% | 1.79% | 0.93% | 0.14% |
Expense waiver/reimbursement7 | 0.55%4 | 0.52% | 0.15% | 0.09% | 0.09% | 0.11% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $151,754 | $141,092 | $154,561 | $182,939 | $176,028 | $177,555 |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.011 | 0.021 | 0.012 | 0.004 |
Net realized gain | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.0001 | 0.011 | 0.021 | 0.012 | 0.004 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.011) | (0.021) | (0.012) | (0.004) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.000)1 | (0.011) | (0.021) | (0.012) | (0.004) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.01% | 1.10% | 2.13% | 1.23% | 0.44% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.06%4 | 0.10% | 0.20%5 | 0.20%5 | 0.20%5 | 0.20%5 |
Net investment income | 0.00%4,6 | 0.02% | 0.95% | 2.11% | 1.21% | 0.43% |
Expense waiver/reimbursement7 | 0.23%4 | 0.19% | 0.09% | 0.09% | 0.09% | 0.09% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $3,681,896 | $3,805,176 | $4,366,142 | $3,019,468 | $2,739,607 | $3,074,463 |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.009 | 0.019 | 0.010 | 0.002 |
Net realized gain | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.0001 | 0.009 | 0.019 | 0.010 | 0.002 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.009) | (0.019) | (0.010) | (0.002) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.000)1 | (0.009) | (0.019) | (0.010) | (0.002) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.01% | 0.89% | 1.88% | 0.98% | 0.19% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.06%4 | 0.10% | 0.41%5 | 0.45%5 | 0.45%5 | 0.45%5 |
Net investment income | 0.00%4,6 | 0.02% | 0.86% | 1.86% | 0.96% | 0.20% |
Expense waiver/reimbursement7 | 0.48%4 | 0.43% | 0.13% | 0.09% | 0.09% | 0.09% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $3,138,793 | $2,825,555 | $2,950,794 | $2,698,641 | $2,651,637 | $3,010,073 |
January 31, 2022 (unaudited)
Assets: | ||
Investment in securities, at amortized cost and fair value | $7,393,627,992 | |
Cash | 2,647,038 | |
Income receivable | 1,285,776 | |
Receivable for shares sold | 114,949 | |
TOTAL ASSETS | 7,397,675,755 | |
Liabilities: | ||
Payable for investments purchased | $424,887,805 | |
Payable for shares redeemed | 98,272 | |
Income distribution payable | 26,090 | |
Payable to adviser (Note 4) | 83,578 | |
Payable for administrative fee (Note 4) | 15,171 | |
Accrued expenses (Note 4) | 121,516 | |
TOTAL LIABILITIES | 425,232,432 | |
Net assets for 6,972,427,284 shares outstanding | $6,972,443,323 | |
Net Assets Consists of: | ||
Paid-in capital | $6,972,436,659 | |
Total distributable earnings (loss) | 6,664 | |
TOTAL NET ASSETS | $6,972,443,323 | |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | ||
Automated Shares: | ||
$151,754,253 ÷ 151,754,107 shares outstanding, no par value, unlimited shares authorized | $1.00 | |
Institutional Shares: | ||
$3,681,895,987 ÷ 3,681,883,125 shares outstanding, no par value, unlimited shares authorized | $1.00 | |
Service Shares: | ||
$3,138,793,083 ÷ 3,138,790,052 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Six Months Ended January 31, 2022 (unaudited)
Investment Income: | |||
Interest | $2,147,716 | ||
Expenses: | |||
Investment adviser fee (Note 4) | $7,080,388 | ||
Administrative fee (Note 4) | 2,768,540 | ||
Custodian fees | 105,049 | ||
Transfer agent fees (Note 2) | 86,186 | ||
Directors’/Trustees’ fees (Note 4) | 19,133 | ||
Auditing fees | 12,079 | ||
Legal fees | 4,591 | ||
Other service fees (Notes 2 and 4) | 3,862,294 | ||
Portfolio accounting fees | 91,442 | ||
Share registration costs | 34,004 | ||
Printing and postage | 18,734 | ||
Miscellaneous (Note 4) | 51,860 | ||
TOTAL EXPENSES | 14,134,300 | ||
Waivers and Reimbursement: | |||
Waiver of investment adviser fee (Note 4) | $(7,080,388) | ||
Waivers/reimbursement of other operating expenses (Notes 2 and 4) | (5,009,422) | ||
TOTAL WAIVERS AND REIMBURSEMENT | (12,089,810) | ||
Net expenses | 2,044,490 | ||
Net investment income | 103,226 | ||
Net realized gain on investments | 11,494 | ||
Change in net assets resulting from operations | $114,720 |
Six Months Ended (unaudited) 1/31/2022 | Year Ended 7/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $103,226 | $1,199,172 |
Net realized gain | 11,494 | 51,584 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 114,720 | 1,250,756 |
Distributions to Shareholders: | ||
Automated Shares | (12,631) | (19,918) |
Institutional Shares | (331,301) | (618,743) |
Service Shares | (246,138) | (393,226) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (590,070) | (1,031,887) |
Share Transactions: | ||
Proceeds from sale of shares | 8,312,856,309 | 18,391,229,782 |
Net asset value of shares issued to shareholders in payment of distributions declared | 141,660 | 277,007 |
Cost of shares redeemed | (8,111,902,598) | (19,091,398,983) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 201,095,371 | (699,892,194) |
Change in net assets | 200,620,021 | (699,673,325) |
Net Assets: | ||
Beginning of period | 6,771,823,302 | 7,471,496,627 |
End of period | $6,972,443,323 | $6,771,823,302 |
Transfer Agent Fees Incurred | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $52,653 | $(51,949) |
Institutional Shares | 19,230 | — |
Service Shares | 14,303 | — |
TOTAL | $86,186 | $(51,949) |
Other Service Fees Incurred | Other Service Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $181,729 | $(181,729) |
Service Shares | 3,680,565 | (3,680,565) |
TOTAL | $3,862,294 | $(3,862,294) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Automated Shares | Shares | Amount | Shares | Amount |
Shares sold | 114,622,716 | $114,622,716 | 235,508,877 | $235,508,876 |
Shares issued to shareholders in payment of distributions declared | 10,848 | 10,848 | 18,691 | 18,691 |
Shares redeemed | (103,960,928) | (103,960,928) | (249,001,474) | (249,001,474) |
NET CHANGE RESULTING FROM AUTOMATED SHARE TRANSACTIONS | 10,672,636 | $10,672,636 | (13,473,906) | $(13,473,907) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 5,675,206,963 | $5,675,206,963 | 11,095,755,149 | $11,095,755,148 |
Shares issued to shareholders in payment of distributions declared | 117,128 | 117,128 | 233,374 | 233,374 |
Shares redeemed | (5,798,337,476) | (5,798,337,476) | (11,657,069,766) | (11,657,069,766) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (123,013,385) | $(123,013,385) | (561,081,243) | $(561,081,244) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,523,026,630 | $2,523,026,630 | 7,059,965,758 | $7,059,965,758 |
Shares issued to shareholders in payment of distributions declared | 13,684 | 13,684 | 24,942 | 24,942 |
Shares redeemed | (2,209,604,194) | (2,209,604,194) | (7,185,327,743) | (7,185,327,743) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | 313,436,120 | $313,436,120 | (125,337,043) | $(125,337,043) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 201,095,371 | $201,095,371 | (699,892,192) | $(699,892,194) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2021 | Ending Account Value 1/31/2022 | Expenses Paid During Period1 | |
Actual: | |||
Automated Shares | $1,000 | $1,000.10 | $0.302 |
Institutional Shares | $1,000 | $1,000.10 | $0.303 |
Service Shares | $1,000 | $1,000.10 | $0.304 |
Hypothetical (assuming a 5% return before expenses): | |||
Automated Shares | $1,000 | $1,024.90 | $0.312 |
Institutional Shares | $1,000 | $1,024.90 | $0.313 |
Service Shares | $1,000 | $1,024.90 | $0.314 |
Automated Shares | 0.06% |
Institutional Shares | 0.06% |
Service Shares | 0.06% |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
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![](https://capedge.com/proxy/N-CSRS/0001623632-22-000438/fhilogok11p.jpg)
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N856
CUSIP 60934N849
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Share Class | Ticker | Institutional | GOTXX |
Federated Hermes Government Obligations Tax-Managed Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
![](https://capedge.com/proxy/N-CSRS/0001623632-22-000438/donahuechrissigsmall.jpg)
Security Type | Percentage of Total Net Assets |
U.S. Treasury Securities | 81.2% |
U.S. Government Agency Securities | 24.8% |
Other Assets and Liabilities—Net2 | (6.0)% |
TOTAL | 100% |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 24.5% |
8-30 Days | 38.8% |
31-90 Days | 35.6% |
91-180 Days | 5.3% |
181 Days or more | 1.8% |
Other Assets and Liabilities—Net2 | (6.0)% |
TOTAL | 100% |
Principal Amount | Value | ||
U.S. TREASURY—81.2% | |||
$128,000,000 | United States Treasury Bill, 0.035%, 3/1/2022 | $127,996,516 | |
800,000,000 | United States Treasury Bill, 0.040%, 2/22/2022 | 799,981,333 | |
33,000,000 | United States Treasury Bill, 0.045%, 3/15/2022 | 32,998,268 | |
350,000,000 | United States Treasury Bill, 0.050%, 2/8/2022 | 349,996,597 | |
225,000,000 | United States Treasury Bill, 0.050%, 3/3/2022 | 224,990,625 | |
150,000,000 | United States Treasury Bill, 0.055%, 3/8/2022 | 149,991,979 | |
250,000,000 | United States Treasury Bill, 0.075%, 3/24/2022 | 249,973,438 | |
25,000,000 | United States Treasury Bill, 0.075%, 7/14/2022 | 24,991,510 | |
44,000,000 | United States Treasury Bill, 0.080%, 8/11/2022 | 43,981,324 | |
125,000,000 | United States Treasury Bill, 0.120%, 4/14/2022 | 124,970,000 | |
300,000,000 | United States Treasury Bill, 0.140%, 3/29/2022 | 299,934,667 | |
25,000,000 | United States Treasury Bill, 0.160%, 6/23/2022 | 24,984,222 | |
100,000,000 | United States Treasury Bill, 0.170%, 4/21/2022 | 99,962,695 | |
150,000,000 | United States Treasury Bill, 0.190%, 4/28/2022 | 149,931,916 | |
75,000,000 | United States Treasury Bill, 0.210%, 6/30/2022 | 74,934,812 | |
45,980,000 | United States Treasury Bill, 0.220%, 7/7/2022 | 45,936,166 | |
75,000,000 | United States Treasury Bill, 0.240%, 5/5/2022 | 74,954,500 | |
284,000,000 | United States Treasury Bills, 0.030%—0.040%, 2/15/2022 | 283,995,909 | |
448,519,000 | United States Treasury Bills, 0.030%—0.045%, 2/10/2022 | 448,514,296 | |
225,000,000 | United States Treasury Bills, 0.038%—0.070%, 3/10/2022 | 224,987,795 | |
328,000,000 | United States Treasury Bills, 0.040%—0.055%, 2/1/2022 | 328,000,000 | |
450,000,000 | United States Treasury Bills, 0.041%—0.085%, 3/31/2022 | 449,941,919 | |
450,000,000 | United States Treasury Bills, 0.045%—0.050%, 2/17/2022 | 449,990,889 | |
35,000,000 | 1 | United States Treasury Floating Rate Notes, 0.219% (91-day T-Bill +0.029%), 2/1/2022 | 34,999,471 |
120,000,000 | 1 | United States Treasury Floating Rate Notes, 0.224% (91-day T-Bill +0.034%), 2/1/2022 | 120,004,024 |
35,000,000 | 1 | United States Treasury Floating Rate Notes, 0.225% (91-day T-Bill -0.015%), 2/1/2022 | 35,000,000 |
25,000,000 | 1 | United States Treasury Floating Rate Notes, 0.239% (91-day T-Bill +0.049%), 2/1/2022 | 25,000,000 |
35,000,000 | 1 | United States Treasury Floating Rate Notes, 0.245% (91-day T-Bill +0.055%), 2/1/2022 | 34,999,850 |
Principal Amount | Value | ||
U.S. TREASURY—continued | |||
$25,000,000 | United States Treasury Note, 0.125%, 11/30/2022 | $24,994,412 | |
200,000,000 | United States Treasury Note, 0.375%, 3/31/2022 | 200,097,717 | |
10,000,000 | United States Treasury Note, 1.625%, 11/15/2022 | 10,118,832 | |
12,000,000 | United States Treasury Note, 1.750%, 5/15/2022 | 12,056,856 | |
12,000,000 | United States Treasury Note, 1.875%, 5/31/2022 | 12,070,548 | |
35,000,000 | United States Treasury Note, 2.375%, 3/15/2022 | 35,092,683 | |
35,000,000 | United States Treasury Notes, 0.125%—1.875%, 4/30/2022 | 35,110,626 | |
TOTAL U.S. TREASURY | 5,665,486,395 | ||
GOVERNMENT AGENCIES—24.8% | |||
171,000,000 | 2 | Federal Farm Credit System Discount Notes, 0.050%—0.110%, 2/8/2022 - 9/22/2022 | 170,943,909 |
71,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.075% (Secured Overnight Financing Rate +0.025%), 2/1/2022 | 71,000,000 |
25,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.080% (Secured Overnight Financing Rate +0.030%), 2/1/2022 | 25,000,000 |
70,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.085% (Secured Overnight Financing Rate +0.035%), 2/1/2022 | 70,000,000 |
34,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.090% (Secured Overnight Financing Rate +0.040%), 2/1/2022 | 34,000,000 |
35,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.095% (Secured Overnight Financing Rate +0.045%), 2/1/2022 | 34,998,538 |
33,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.105% (Secured Overnight Financing Rate +0.055%), 2/1/2022 | 32,999,122 |
39,198,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.110% (Secured Overnight Financing Rate +0.060%), 2/1/2022 | 39,198,536 |
16,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.115% (Secured Overnight Financing Rate +0.065%), 2/1/2022 | 16,000,000 |
25,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.120% (Secured Overnight Financing Rate +0.070%), 2/1/2022 | 25,000,000 |
15,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.125% (Secured Overnight Financing Rate +0.075%), 2/1/2022 | 15,000,000 |
89,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.180% (Secured Overnight Financing Rate +0.130%), 2/1/2022 | 89,000,000 |
2,230,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.185% (Secured Overnight Financing Rate +0.135%), 2/1/2022 | 2,232,789 |
25,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.195% (Secured Overnight Financing Rate +0.145%), 2/1/2022 | 25,000,000 |
50,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.230% (Secured Overnight Financing Rate +0.180%), 2/1/2022 | 50,000,000 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES—continued | |||
$40,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 0.250% (Secured Overnight Financing Rate +0.200%), 2/1/2022 | $40,000,000 |
8,200,000 | Federal Farm Credit System, 0.375%—2.200%, 2/28/2022 - 4/8/2022 | 8,209,585 | |
528,000,000 | 2 | Federal Home Loan Bank System Discount Notes, 0.031%—0.179%, 2/2/2022 - 6/24/2022 | 527,945,734 |
85,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.060% (Secured Overnight Financing Rate +0.010%), 2/1/2022 | 85,000,000 |
5,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.080% (Secured Overnight Financing Rate +0.030%), 2/1/2022 | 5,000,000 |
14,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.085% (Secured Overnight Financing Rate +0.035%), 2/1/2022 | 14,000,000 |
25,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.095% (Secured Overnight Financing Rate +0.045%), 2/1/2022 | 25,000,000 |
35,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.105% (Secured Overnight Financing Rate +0.055%), 2/1/2022 | 35,000,000 |
55,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.110% (Secured Overnight Financing Rate +0.060%), 2/1/2022 | 55,000,000 |
17,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.115% (Secured Overnight Financing Rate +0.065%), 2/1/2022 | 17,000,000 |
25,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.130% (Secured Overnight Financing Rate +0.080%), 2/1/2022 | 25,000,000 |
15,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.135% (Secured Overnight Financing Rate +0.085%), 2/1/2022 | 15,000,000 |
50,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 0.170% (Secured Overnight Financing Rate +0.120%), 2/1/2022 | 50,000,000 |
125,555,000 | Federal Home Loan Bank System, 0.050%—2.250%, 2/15/2022 - 3/11/2022 | 125,613,384 | |
TOTAL GOVERNMENT AGENCIES | 1,728,141,597 | ||
TOTAL INVESTMENT IN SECURITIES—106.0% (AT AMORTIZED COST)3 | 7,393,627,992 | ||
OTHER ASSETS AND LIABILITIES - NET—(6.0)%4 | (421,184,669) | ||
TOTAL NET ASSETS—100% | $6,972,443,323 |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.011 | 0.021 | 0.012 | 0.004 |
Net realized gain | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.0001 | 0.011 | 0.021 | 0.012 | 0.004 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.011) | (0.021) | (0.012) | (0.004) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.000)1 | (0.011) | (0.021) | (0.012) | (0.004) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.01% | 1.10% | 2.13% | 1.23% | 0.44% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.06%4 | 0.10% | 0.20%5 | 0.20%5 | 0.20%5 | 0.20%5 |
Net investment income | 0.00%4,6 | 0.02% | 0.95% | 2.11% | 1.21% | 0.43% |
Expense waiver/reimbursement7 | 0.23%4 | 0.19% | 0.09% | 0.09% | 0.09% | 0.09% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $3,681,896 | $3,805,176 | $4,366,142 | $3,019,468 | $2,739,607 | $3,074,463 |
Assets: | ||
Investment in securities, at amortized cost and fair value | $7,393,627,992 | |
Cash | 2,647,038 | |
Income receivable | 1,285,776 | |
Receivable for shares sold | 114,949 | |
TOTAL ASSETS | 7,397,675,755 | |
Liabilities: | ||
Payable for investments purchased | $424,887,805 | |
Payable for shares redeemed | 98,272 | |
Income distribution payable | 26,090 | |
Payable to adviser (Note 4) | 83,578 | |
Payable for administrative fee (Note 4) | 15,171 | |
Accrued expenses (Note 4) | 121,516 | |
TOTAL LIABILITIES | 425,232,432 | |
Net assets for 6,972,427,284 shares outstanding | $6,972,443,323 | |
Net Assets Consists of: | ||
Paid-in capital | $6,972,436,659 | |
Total distributable earnings (loss) | 6,664 | |
TOTAL NET ASSETS | $6,972,443,323 | |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | ||
Automated Shares: | ||
$151,754,253 ÷ 151,754,107 shares outstanding, no par value, unlimited shares authorized | $1.00 | |
Institutional Shares: | ||
$3,681,895,987 ÷ 3,681,883,125 shares outstanding, no par value, unlimited shares authorized | $1.00 | |
Service Shares: | ||
$3,138,793,083 ÷ 3,138,790,052 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Investment Income: | |||
Interest | $2,147,716 | ||
Expenses: | |||
Investment adviser fee (Note 4) | $7,080,388 | ||
Administrative fee (Note 4) | 2,768,540 | ||
Custodian fees | 105,049 | ||
Transfer agent fees (Note 2) | 86,186 | ||
Directors’/Trustees’ fees (Note 4) | 19,133 | ||
Auditing fees | 12,079 | ||
Legal fees | 4,591 | ||
Other service fees (Notes 2 and 4) | 3,862,294 | ||
Portfolio accounting fees | 91,442 | ||
Share registration costs | 34,004 | ||
Printing and postage | 18,734 | ||
Miscellaneous (Note 4) | 51,860 | ||
TOTAL EXPENSES | 14,134,300 | ||
Waivers and Reimbursement: | |||
Waiver of investment adviser fee (Note 4) | $(7,080,388) | ||
Waivers/reimbursement of other operating expenses (Notes 2 and 4) | (5,009,422) | ||
TOTAL WAIVERS AND REIMBURSEMENT | (12,089,810) | ||
Net expenses | 2,044,490 | ||
Net investment income | 103,226 | ||
Net realized gain on investments | 11,494 | ||
Change in net assets resulting from operations | $114,720 |
Six Months Ended (unaudited) 1/31/2022 | Year Ended 7/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $103,226 | $1,199,172 |
Net realized gain | 11,494 | 51,584 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 114,720 | 1,250,756 |
Distributions to Shareholders: | ||
Automated Shares | (12,631) | (19,918) |
Institutional Shares | (331,301) | (618,743) |
Service Shares | (246,138) | (393,226) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (590,070) | (1,031,887) |
Share Transactions: | ||
Proceeds from sale of shares | 8,312,856,309 | 18,391,229,782 |
Net asset value of shares issued to shareholders in payment of distributions declared | 141,660 | 277,007 |
Cost of shares redeemed | (8,111,902,598) | (19,091,398,983) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 201,095,371 | (699,892,194) |
Change in net assets | 200,620,021 | (699,673,325) |
Net Assets: | ||
Beginning of period | 6,771,823,302 | 7,471,496,627 |
End of period | $6,972,443,323 | $6,771,823,302 |
Transfer Agent Fees Incurred | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $52,653 | $(51,949) |
Institutional Shares | 19,230 | — |
Service Shares | 14,303 | — |
TOTAL | $86,186 | $(51,949) |
Other Service Fees Incurred | Other Service Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $181,729 | $(181,729) |
Service Shares | 3,680,565 | (3,680,565) |
TOTAL | $3,862,294 | $(3,862,294) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Automated Shares | Shares | Amount | Shares | Amount |
Shares sold | 114,622,716 | $114,622,716 | 235,508,877 | $235,508,876 |
Shares issued to shareholders in payment of distributions declared | 10,848 | 10,848 | 18,691 | 18,691 |
Shares redeemed | (103,960,928) | (103,960,928) | (249,001,474) | (249,001,474) |
NET CHANGE RESULTING FROM AUTOMATED SHARE TRANSACTIONS | 10,672,636 | $10,672,636 | (13,473,906) | $(13,473,907) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 5,675,206,963 | $5,675,206,963 | 11,095,755,149 | $11,095,755,148 |
Shares issued to shareholders in payment of distributions declared | 117,128 | 117,128 | 233,374 | 233,374 |
Shares redeemed | (5,798,337,476) | (5,798,337,476) | (11,657,069,766) | (11,657,069,766) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (123,013,385) | $(123,013,385) | (561,081,243) | $(561,081,244) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,523,026,630 | $2,523,026,630 | 7,059,965,758 | $7,059,965,758 |
Shares issued to shareholders in payment of distributions declared | 13,684 | 13,684 | 24,942 | 24,942 |
Shares redeemed | (2,209,604,194) | (2,209,604,194) | (7,185,327,743) | (7,185,327,743) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | 313,436,120 | $313,436,120 | (125,337,043) | $(125,337,043) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 201,095,371 | $201,095,371 | (699,892,192) | $(699,892,194) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2021 | Ending Account Value 1/31/2022 | Expenses Paid During Period1 | |
Actual: | $1,000 | $1,000.10 | $0.302 |
Hypothetical (assuming a 5% return before expenses): | $1,000 | $1,024.90 | $0.312 |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
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Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
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Share Class | Ticker | Institutional | MMPXX | Service | MMSXX | Capital | MMLXX |
Eagle | MMMXX |
Federated Hermes Institutional Money Market Management
A Portfolio of Federated Hermes Money Market Obligations Trust
![](https://capedge.com/proxy/N-CSRS/0001623632-22-000438/donahuechrissigsmall.jpg)
The Share Price will fluctuate. It is possible to lose money by investing in the Fund.
Security Type | Percentage of Total Net Assets |
Commercial Paper | 54.1% |
Certificates of Deposit | 17.2% |
Time Deposit | 4.8% |
Variable Instruments | 2.0% |
Municipal Bond | 0.2% |
Other Repurchase Agreements and Repurchase Agreement | 21.7% |
Other Assets and Liabilities—Net2,3 | (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. |
3 | Represents less than 0.1%. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 42.2%2 |
8-30 Days | 18.7% |
31-90 Days | 30.2% |
91-180 Days | 5.5% |
181 Days or more | 3.4% |
Other Assets and Liabilities—Net3,4 | (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 | Overnight securities comprised 18.4% of the Fund’s portfolio. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
4 | Represents less than 0.1%. |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— 54.1% | ||
Finance - Banking— 31.1% | |||
$ 5,000,000 | Bank of Montreal, 0.300% (Secured Overnight Financing Rate +0.250%), 2/1/2022 | $ 5,000,798 | |
17,500,000 | Bank of Nova Scotia, Toronto, 0.200% - 0.300%, 5/5/2022 - 9/1/2022 | 17,466,769 | |
20,000,000 | BPCE SA, 0.145%, 3/10/2022 | ��� 19,997,019 | |
5,000,000 | Canadian Imperial Bank of Commerce, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 5,000,996 | |
1,000,000 | Canadian Imperial Bank of Commerce, 0.503%, 12/1/2022 | 992,527 | |
10,000,000 | Commonwealth Bank of Australia, 0.160%, 4/7/2022 | 9,997,360 | |
10,000,000 | Credit Industriel et Commercial, 0.130%, 2/28/2022 | 9,999,025 | |
50,000,000 | DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 0.065%, 2/1/2022 | 50,000,000 | |
12,500,000 | Gotham Funding Corp., (MUFG Bank Ltd. LIQ), 0.150% - 0.160%, 2/10/2022 - 3/1/2022 | 12,498,925 | |
10,000,000 | Great Bear Funding LLC, (Bank of Nova Scotia, Toronto COL), 0.110%, 2/11/2022 | 9,999,694 | |
26,500,000 | Matchpoint Finance PLC, (BNP Paribas SA LIQ), 0.200% - 0.270%, 2/24/2022 - 4/1/2022 | 26,493,115 | |
51,000,000 | Nationwide Building Society, 0.100% - 0.110%, 2/14/2022 - 2/25/2022 | 50,997,136 | |
5,000,000 | Royal Bank of Canada, 0.210% - 0.251%, 7/12/2022 - 10/14/2022 | 4,992,715 | |
5,000,000 | Royal Bank of Canada, New York Branch, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 4,998,245 | |
21,000,000 | Royal Bank of Canada, New York Branch, 0.210% - 0.402%, 3/18/2022 - 11/15/2022 | 20,942,261 | |
32,500,000 | Sumitomo Mitsui Banking Corp., 0.200% - 0.205%, 3/2/2022 - 3/3/2022 | 32,494,521 | |
40,500,000 | Toronto Dominion Bank, 0.210% - 0.251%, 4/20/2022 - 6/23/2022 | 40,472,817 | |
TOTAL | 322,343,923 | ||
Finance - Commercial— 3.5% | |||
2,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Societe Generale, Paris COL), 0.220%, 7/8/2022 | 2,000,000 | |
26,500,000 | Anglesea Funding LLC, 0.170% - 0.250%, 2/3/2022 - 3/18/2022 | 26,496,390 | |
7,500,000 | Atlantic Asset Securitization LLC, 0.120% - 0.120%, 2/16/2022 - 2/25/2022 | 7,499,475 | |
TOTAL | 35,995,865 | ||
Finance - Retail— 4.7% | |||
4,000,000 | CAFCO, LLC, 0.451%, 6/10/2022 | 3,995,190 | |
10,000,000 | Chariot Funding LLC, 0.120%, 2/10/2022 | 9,999,700 | |
3,000,000 | Old Line Funding, LLC, 0.280% (Secured Overnight Financing Rate +0.240%), 6/27/2022 | 3,000,906 | |
7,000,000 | Old Line Funding, LLC, 0.280%, 6/27/2022 | 7,002,114 |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Finance - Retail— continued | |||
$14,500,000 | Sheffield Receivables Company LLC, 0.160% - 0.240%, 2/7/2022 - 3/18/2022 | $ 14,497,256 | |
5,000,000 | Starbird Funding Corp., 0.260%, 4/1/2022 | 4,997,869 | |
5,000,000 | Thunder Bay Funding, LLC, 0.290%, 4/27/2022 | 4,996,787 | |
TOTAL | 48,489,822 | ||
Finance - Securities— 5.9% | |||
15,000,000 | Bennington Stark Capital Co., LLC, (Societe Generale, Paris LIQ), 0.150% - 0.200%, 2/1/2022 - 3/4/2022 | 14,999,354 | |
10,000,000 | Chesham Finance LLC Series VII, (Citibank N.A., New York COL), 0.180%, 2/11/2022 | 9,999,500 | |
21,000,000 | Collateralized Commercial Paper V Co. LLC, 0.170% - 0.320%, 3/2/2022 - 5/18/2022 | 20,993,520 | |
10,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 5/23/2022 | 10,000,000 | |
5,000,000 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 0.150%, 3/8/2022 | 4,999,271 | |
TOTAL | 60,991,645 | ||
Insurance— 4.3% | |||
45,014,000 | MetLife Short Term Funding LLC, 0.110% - 0.140%, 3/11/2022 - 3/15/2022 | 45,006,923 | |
Sovereign— 4.6% | |||
20,000,000 | Export Development Canada, (Canada, Government of SUB), 0.090%, 3/7/2022 | 19,998,300 | |
27,500,000 | Nederlandse Waterschapsbank NV, 0.110% - 0.115%, 2/11/2022 - 3/4/2022 | 27,498,989 | |
TOTAL | 47,497,289 | ||
TOTAL COMMERCIAL PAPER (IDENTIFIED COST $560,378,094) | 560,325,467 | ||
CERTIFICATES OF DEPOSIT— 17.2% | |||
Finance - Banking— 17.2% | |||
2,000,000 | 2 | Bank of Montreal, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 1,999,271 |
29,000,000 | Bank of Montreal, 0.210% - 0.240%, 3/3/2022 - 7/26/2022 | 28,995,171 | |
10,000,000 | 2 | Bank of Nova Scotia, Toronto, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 9,996,108 |
7,500,000 | 2 | Bank of Nova Scotia, Toronto, 0.250% (Secured Overnight Financing Rate +0.200%), 2/1/2022 | 7,502,520 |
23,500,000 | Canadian Imperial Bank of Commerce, 0.240% - 0.350%, 4/6/2022 - 11/10/2022 | 23,428,330 | |
15,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.250% (Secured Overnight Financing Rate +0.200%), 2/1/2022 | 15,005,948 |
20,000,000 | Mizuho Bank Ltd., 0.250%, 3/22/2022 - 3/23/2022 | 20,000,000 | |
10,000,000 | MUFG Bank Ltd., 0.170% - 0.180%, 2/18/2022 - 3/21/2022 | 10,000,000 | |
5,000,000 | Royal Bank of Canada, 0.210%, 3/9/2022 | 5,000,000 |
Principal Amount | Value | ||
CERTIFICATES OF DEPOSIT— continued | |||
Finance - Banking— continued | |||
$17,000,000 | Sumitomo Mitsui Banking Corp., 0.200% - 0.250%, 2/28/2022 - 3/28/2022 | $ 17,000,000 | |
36,000,000 | Sumitomo Mitsui Trust Bank Ltd., 0.150% - 0.220%, 2/2/2022 - 3/14/2022 | 36,000,000 | |
3,000,000 | Toronto Dominion Bank, 0.220% - 0.320%, 10/14/2022 - 11/23/2022 | 2,988,137 | |
TOTAL CERTIFICATES OF DEPOSIT (IDENTIFIED COST $178,000,000) | 177,915,485 | ||
TIME DEPOSIT— 4.8% | |||
Finance - Banking— 4.8% | |||
50,000,000 | ABN Amro Bank NV, 0.080%, 2/7/2022 (IDENTIFIED COST $50,000,000) | 50,000,000 | |
2 | NOTE - VARIABLE— 2.0% | ||
Finance - Banking— 2.0% | |||
21,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9080TX, (Series 2021-MIZ9080TX) Weekly VRDNs, (Mizuho Bank Ltd. LOC), 0.180%, 2/3/2022 (IDENTIFIED COST $21,000,000) | 21,000,000 | |
MUNICIPAL BOND— 0.2% | |||
Municipal— 0.2% | |||
2,500,000 | Metropolitan Transportation Authority, NY (Fully Appropriated COVID Operating Grants-Federally Taxable), (Series A) GANs, 0.777%, 11/15/2022 (IDENTIFIED COST $2,500,000) | 2,500,180 | |
OTHER REPURCHASE AGREEMENTS— 18.1% | |||
Finance - Banking— 18.1% | |||
15,000,000 | BMO Capital Markets Corp., 0.20%, dated 1/31/2022, interest in a $90,000,000 collateralized loan agreement will repurchase securities provided as collateral for $90,000,500 on 2/1/2022, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign debt with a market value of $91,801,067 have been received as collateral and held with BNY Mellon as tri-party agent. | 15,000,000 | |
35,000,000 | Bofa Securities, Inc., 0.12%, dated 1/31/2022, interest in a $35,000,000 collateralized loan agreement will repurchase securities provided as collateral $35,000,117 on 2/1/2022, in which corporate bonds, medium-term notes and municipal bonds with a market value of $35,700,269 have been received as collateral and held with BNY Mellon as tri-party agent. | 35,000,000 | |
50,000,000 | Credit Agricole S.A., 0.13%, 12/20/2021, interest in a $535,000,000 collateralized loan agreement will repurchase securities provided as collateral for $535,013,524 on 2/9/2022, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, commercial paper, treasury notes, treasury bills, medium-term notes and sovereign debt with a market value of $545,746,058 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$20,000,000 | HSBC Securities (USA), Inc., 0.27%, dated 1/31/2022, interest in a $80,000,000 collateralized loan agreement will repurchase securities provided as collateral for $80,000,600 on 2/1/2022, in which asset-backed securities, corporate bonds, medium-term notes and sovereign debt with a market value of $81,600,001 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 20,000,000 | |
28,500,000 | J.P. Morgan Securities LLC, 0.32%, dated 1/12/2022, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,073,333 on 2/14/2022, in which corporate bonds with a market value of $255,000,000 have been received as collateral and held with JPMorgan Chase as tri-party agent. | 28,500,000 | |
15,000,000 | Pershing LLC, 0.32%, dated 12/22/2021, interest in a $400,000,000 collateralized loan agreement will repurchase securities provided as collateral for $400,024,889 on 2/9/2022, in which asset-backed securities, common stocks, corporate bonds, commercial paper, exchange-traded funds, medium-term notes and municipal bonds with a market value of $408,004,304 have been received as collateral and held with BNY Mellon as tri-party agent. | 15,000,000 | |
24,000,000 | Societe Generale, Paris, 0.22%, dated 1/31/2022, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,003,972 on 2/1/2022, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign debt with a market value of $663,016,207 have been received as collateral and held with BNY Mellon as tri-party agent. | 24,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS (IDENTIFIED COST $187,500,000) | 187,500,000 | ||
REPURCHASE AGREEMENT— 3.6% | |||
Finance - Banking— 3.6% | |||
36,692,000 | Interest in $1,650,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $1,650,002,521 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 10/16/2063 and the market value of those underlying securities was $1,690,202,215. (IDENTIFIED COST $36,692,000) | 36,692,000 | |
TOTAL INVESTMENT IN SECURITIES—100.0% (IDENTIFIED COST $1,036,070,094)3 | 1,035,933,132 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.0)%4 | (30,410) | ||
TOTAL NET ASSETS—100% | $1,035,902,722 |
1 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. |
3 | Also represents cost for federal tax purposes. |
4 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
GANs | —Grant Anticipation Notes | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $0.9998 | $1.0000 | $0.9998 | $0.9997 | $1.0001 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0006 | 0.0141 | 0.0238 | 0.0157 | 0.0067 |
Net realized and unrealized gain (loss) | (0.0002) | (0.0002) | 0.0002 | 0.0001 | (0.0004) | 0.0001 |
Total From Investment Operations | (0.0001) | 0.0004 | 0.0143 | 0.0239 | 0.0153 | 0.0068 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0001) | (0.0006) | (0.0141) | (0.0238) | (0.0157) | (0.0067) |
Distributions from net realized gain | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 |
Total Distributions | (0.0001) | (0.0006) | (0.0141) | (0.0238) | (0.0157) | (0.0067) |
Net Asset Value, End of Period | $0.9996 | $0.9998 | $1.0000 | $0.9998 | $0.9997 | $1.0001 |
Total Return2 | (0.01)% | 0.04% | 1.44% | 2.42% | 1.54% | 0.68% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.14%4 | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% |
Net investment income | 0.02%4 | 0.07% | 1.20% | 2.39% | 1.47% | 0.43% |
Expense waiver/reimbursement5 | 0.20%4 | 0.17% | 0.21% | 1.02% | 0.81% | 0.18% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,030,179 | $1,033,664 | $1,353,697 | $66,410 | $34,986 | $59,661 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $0.9998 | $0.9999 | $0.9997 | $0.9997 | $1.0001 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income | 0.0002 | 0.0001 | 0.0115 | 0.0213 | 0.0133 | 0.0043 |
Net realized and unrealized gain (loss) | (0.0004) | (0.0001) | 0.0003 | 0.00001 | (0.0005) | 0.00001 |
Total From Investment Operations | (0.0002) | 0.00001 | 0.0118 | 0.0213 | 0.0128 | 0.0043 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0001) | (0.0001) | (0.0116) | (0.0213) | (0.0132) | (0.0042) |
Distributions from net realized gain | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 |
Total Distributions | (0.0001) | (0.0001) | (0.0116) | (0.0213) | (0.0132) | (0.0042) |
Net Asset Value, End of Period | $0.9995 | $0.9998 | $0.9999 | $0.9997 | $0.9997 | $1.0001 |
Total Return2 | (0.02)% | 0.00%3 | 1.18% | 2.15% | 1.28% | 0.43% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.14%5 | 0.20% | 0.40% | 0.40% | 0.40% | 0.40% |
Net investment income | 0.01%5 | 0.01% | 0.98% | 2.16% | 1.25% | 0.18% |
Expense waiver/reimbursement6 | 0.44%5 | 0.38% | 0.27% | 1.02% | 0.85% | 0.16% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $549 | $1,138 | $781 | $560 | $499 | $1,017 |
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. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $0.9998 | $1.0000 | $0.9998 | $0.9997 | $1.0001 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0002 | 0.0131 | 0.0228 | 0.0147 | 0.0058 |
Net realized and unrealized gain (loss) | (0.0002) | (0.0002) | 0.0002 | 0.0001 | (0.0004) | (0.0000)1 |
Total From Investment Operations | (0.0001) | 0.00001 | 0.0133 | 0.0229 | 0.0143 | 0.0058 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0001) | (0.0002) | (0.0131) | (0.0228) | (0.0147) | (0.0057) |
Distributions from net realized gain | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 |
Total Distributions | (0.0001) | (0.0002) | (0.0131) | (0.0228) | (0.0147) | (0.0057) |
Net Asset Value, End of Period | $0.9996 | $0.9998 | $1.0000 | $0.9998 | $0.9997 | $1.0001 |
Total Return2 | (0.01)% | 0.00%3 | 1.33% | 2.32% | 1.44% | 0.58% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.14%5 | 0.20% | 0.25% | 0.25% | 0.25% | 0.25% |
Net investment income | 0.01%5 | 0.02% | 1.31% | 2.28% | 1.44% | 0.28% |
Expense waiver/reimbursement6 | 0.29%5 | 0.23% | 0.28% | 1.04% | 0.86% | 0.21% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $178 | $178 | $181 | $178 | $174 | $172 |
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. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $0.9998 | $1.0000 | $0.9998 | $0.9997 | $1.0001 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.0122 | 0.0218 | 0.0137 | 0.0044 |
Net realized and unrealized gain (loss) | (0.0002) | (0.0002) | 0.0001 | 0.0001 | (0.0004) | 0.0001 |
Total From Investment Operations | (0.0001) | (0.0001) | 0.0123 | 0.0219 | 0.0133 | 0.0045 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0001) | (0.0001) | (0.0121) | (0.0218) | (0.0137) | (0.0044) |
Distributions from net realized gain | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 |
Total Distributions | (0.0001) | (0.0001) | (0.0121) | (0.0218) | (0.0137) | (0.0044) |
Net Asset Value, End of Period | $0.9996 | $0.9998 | $1.0000 | $0.9998 | $0.9997 | $1.0001 |
Total Return2 | (0.01)% | (0.01)% | 1.23% | 2.21% | 1.33% | 0.46% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.14%4 | 0.20% | 0.35% | 0.35% | 0.35% | 0.38% |
Net investment income | 0.01%4 | 0.01% | 1.21% | 2.18% | 1.32% | 0.43% |
Expense waiver/reimbursement5 | 0.44%4 | 0.37% | 0.29% | 1.04% | 0.85% | 0.34% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $4,996 | $4,781 | $4,918 | $5,216 | $6,275 | $7,418 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
January 31, 2022 (unaudited)
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $224,192,000 |
Investment in securities | 811,741,132 |
Investment in securities, at value (identified cost $1,036,070,094) | 1,035,933,132 |
Income receivable | 158,784 |
Prepaid expenses | 12,325 |
Total Assets | 1,036,104,241 |
Liabilities: | |
Payable to bank | 22,011 |
Income distribution payable | 24,347 |
Payable for investment adviser fee (Note 5) | 503 |
Payable for administrative fee (Note 5) | 2,219 |
Payable for custodian fees | 20,668 |
Payable for transfer agent fees | 27,996 |
Payable for auditing fees | 10,233 |
Payable for portfolio accounting fees | 71,892 |
Payable for share registration costs | 13,720 |
Accrued expenses (Note 5) | 7,930 |
Total Liabilities | 201,519 |
Net assets for 1,036,312,129 shares outstanding | $1,035,902,722 |
Net Assets Consist of: | |
Paid-in capital | $1,036,037,871 |
Total distributable earnings (loss) | (135,149) |
Total Net Assets | $1,035,902,722 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share | |
Institutional Shares: | |
$1,030,179,057 ÷ 1,030,586,240 shares outstanding, no par value, unlimited shares authorized | $0.9996 |
Service Shares: | |
$549,128 ÷ 549,394 shares outstanding, no par value, unlimited shares authorized | $0.9995 |
Capital Shares: | |
$178,196 ÷ 178,268 shares outstanding, no par value, unlimited shares authorized | $0.9996 |
Eagle Shares: | |
$4,996,341 ÷ 4,998,227 shares outstanding, no par value, unlimited shares authorized | $0.9996 |
Six Months Ended January 31, 2022 (unaudited)
Investment Income: | |
Interest | $816,933 |
Expenses: | |
Investment adviser fee (Note 5) | 1,055,140 |
Administrative fee (Note 5) | 412,831 |
Custodian fees | 25,156 |
Transfer agent fees | 84,950 |
Directors’/Trustees’ fees (Note 5) | 3,026 |
Auditing fees | 10,233 |
Legal fees | 4,537 |
Portfolio accounting fees | 106,890 |
Other service fees (Notes 2 and 5) | 7,233 |
Share registration costs | 38,090 |
Printing and postage | 9,942 |
Miscellaneous (Note 5) | 28,443 |
TOTAL EXPENSES | 1,786,471 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 5) | (1,015,795) |
Waiver/reimbursements of other operating expenses (Notes 2 and 5) | (33,151) |
TOTAL WAIVERS AND REIMBURSEMENTS | (1,048,946) |
Net expenses | 737,525 |
Net investment income | 79,408 |
Net change in unrealized appreciation of investments | (223,345) |
Change in net assets resulting from operations | $(143,937) |
Six Months Ended (unaudited) 1/31/2022 | Year Ended 7/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $79,408 | $758,730 |
Net realized gain (loss) | — | 630 |
Net change in unrealized appreciation/depreciation | (223,345) | (301,143) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | (143,937) | 458,217 |
Distributions to Shareholders: | ||
Institutional Shares | (79,346) | (760,505) |
Service Shares | (52) | (129) |
Capital Shares | (9) | (36) |
Eagle Shares | (212) | (439) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (79,619) | (761,109) |
Share Transactions: | ||
Proceeds from sale of shares | 49,138,872 | 549,730,962 |
Net asset value of shares issued to shareholders in payment of distributions declared | 1,108 | 99,962 |
Cost of shares redeemed | (52,774,695) | (869,343,957) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (3,634,715) | (319,513,033) |
Change in net assets | (3,858,271) | (319,815,925) |
Net Assets: | ||
Beginning of period | 1,039,760,993 | 1,359,576,918 |
End of period | $1,035,902,722 | $1,039,760,993 |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $1,227 | $(22) | $(1,185) |
Capital Shares | 90 | — | (85) |
Eagle Shares | 5,916 | (28) | (5,765) |
TOTAL | $7,233 | $(50) | $(7,035) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 45,194,499 | $45,185,339 | 540,618,930 | $540,592,436 |
Shares issued to shareholders in payment of distributions declared | 886 | 885 | 99,498 | 99,485 |
Shares redeemed | (48,459,703) | (48,448,932) | (860,513,380) | (860,423,549) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (3,264,318) | $(3,262,708) | (319,794,952) | $(319,731,628) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 3,448,299 | $3,447,159 | 8,490,909 | $8,488,527 |
Shares issued to shareholders in payment of distributions declared | 2 | 2 | 4 | 4 |
Shares redeemed | (4,037,091) | (4,035,751) | (8,133,990) | (8,131,632) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (588,790) | $(588,590) | 356,923 | $356,899 |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | — | $— | — | $— |
Shares issued to shareholders in payment of distributions declared | 9 | 9 | 36 | 36 |
Shares redeemed | — | — | (2,451) | (2,451) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | 9 | $9 | (2,415) | $(2,415) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Eagle Shares: | Shares | Amount | Shares | Amount |
Shares sold | 506,519 | $506,374 | 650,122 | $649,999 |
Shares issued to shareholders in payment of distributions declared | 212 | 212 | 437 | 437 |
Shares redeemed | (290,082) | (290,012) | (786,474) | (786,325) |
NET CHANGE RESULTING FROM EAGLE SHARE TRANSACTIONS | 216,649 | $216,574 | (135,915) | $(135,889) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (3,636,450) | $(3,634,715) | (319,576,359) | $(319,513,033) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2021 | Ending Account Value 1/31/2022 | Expenses Paid During Period1 | |
Actual: | |||
Institutional Shares | $1,000 | $999.90 | $0.71 |
Service Shares | $1,000 | $999.80 | $0.712 |
Capital Shares | $1,000 | $999.90 | $0.713 |
Eagle Shares | $1,000 | $999.90 | $0.714 |
Hypothetical (assuming a 5% return before expenses): | |||
Institutional Shares | $1,000 | $1,024.50 | $0.71 |
Service Shares | $1,000 | $1,024.50 | $0.712 |
Capital Shares | $1,000 | $1,024.50 | $0.713 |
Eagle Shares | $1,000 | $1,024.50 | $0.714 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Institutional Shares | 0.14% |
Service Shares | 0.14% |
Capital Shares | 0.14% |
Eagle Shares | 0.14% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Service Shares current Fee Limit of 0.40% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.02 and $2.04, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Capital Shares current Fee Limit of 0.25% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.26 and $1.28, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Eagle Shares current Fee Limit of 0.40% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.02 and $2.04, respectively. |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
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Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 608919742
CUSIP 608919759
CUSIP 60934N211
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Share Class | Ticker | Automated | PTAXX | R | PTRXX | Wealth | PCOXX |
Advisor | PCVXX | Service | PRCXX | Cash II | PCDXX | |
Cash Series | PTSXX | Capital | PCCXX | Trust | PTTXX |
Federated Hermes Prime Cash Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
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Security Type | Percentage of Total Net Assets |
Commercial Paper | 36.3% |
Bank Instruments | 31.2% |
Other Repurchase Agreements and Repurchase Agreements | 18.1% |
Variable Rate Instruments | 3.0% |
Municipal Bond | 0.6% |
U.S. Treasury Securities | 0.3% |
Cash Equivalent2 | 8.5% |
Other Assets and Liabilities—Net3 | 2.0% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. With respect to this table, Commercial Paper includes commercial paper with interest rates that are fixed or that reset periodically. |
2 | Cash Equivalents include any investments in money market mutual funds. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days2 | 51.1% |
8-30 Days | 15.4% |
31-90 Days | 20.0% |
91-180 Days | 6.1% |
181 Days or more | 5.4% |
Other Assets and Liabilities—Net3 | 2.0% |
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 | Overnight securities comprised 16.52% of the Fund’s portfolio. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount or Shares | Value | ||
1 | COMMERCIAL PAPER— 36.3% | ||
Aerospace/Auto— 0.3% | |||
$ 50,000,000 | Toyota Credit De Puerto Rico Corp., (Toyota Motor Corp. SA), 0.150%, 2/7/2022 | $ 49,998,750 | |
Finance - Banking— 17.7% | |||
186,000,000 | Bank of Nova Scotia, Toronto, 0.200% - 0.300%, 6/3/2022 - 9/16/2022 | 185,787,325 | |
195,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.200% - 0.371%, 4/12/2022 - 7/5/2022 | 194,796,167 | |
55,000,000 | BPCE SA, 0.145%, 3/10/2022 | 54,991,803 | |
125,000,000 | Canadian Imperial Bank of Commerce, 0.502%, 12/1/2022 | 124,473,958 | |
100,000,000 | Canadian Imperial Holdings, Inc., 0.351%, 11/8/2022 | 99,727,778 | |
45,000,000 | Credit Industriel et Commercial, 0.130%, 2/28/2022 | 44,995,612 | |
30,000,000 | DNB Bank ASA, 0.100%, 2/8/2022 | 29,999,417 | |
54,000,000 | DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 0.065%, 2/1/2022 | 54,000,000 | |
124,500,000 | Gotham Funding Corp., (MUFG Bank Ltd. LIQ), 0.150% - 0.160%, 2/10/2022 - 3/1/2022 | 124,491,992 | |
257,500,000 | Matchpoint Finance PLC, (BNP Paribas SA LIQ), 0.110% - 0.270%, 2/4/2022 - 4/4/2022 | 257,417,706 | |
881,565,000 | Nationwide Building Society, 0.100% - 0.110%, 2/14/2022 - 2/25/2022 | 881,520,149 | |
125,000,000 | Royal Bank of Canada, 0.210% - 0.241%, 4/14/2022 - 6/21/2022 | 124,914,750 | |
65,000,000 | Royal Bank of Canada, 0.251%, 10/14/2022 | 64,884,896 | |
247,000,000 | Royal Bank of Canada, New York Branch, 0.220% - 0.402%, 3/18/2022 - 11/15/2022 | 246,476,238 | |
196,500,000 | Sumitomo Mitsui Banking Corp., 0.190% - 0.260%, 2/23/2022 - 3/15/2022 | 196,467,675 | |
369,000,000 | Toronto Dominion Bank, 0.200% - 0.251%, 4/20/2022 - 7/7/2022 | 368,754,038 | |
50,000,000 | Westpac Banking Corp. Ltd., Sydney, 0.231%, 3/11/2022 | 49,987,861 | |
TOTAL | 3,103,687,365 | ||
Finance - Commercial— 2.2% | |||
107,000,000 | Atlantic Asset Securitization LLC, 0.120% - 0.160%, 2/25/2022 - 3/9/2022 | 106,989,440 | |
105,000,000 | Bennington Stark Capital Co., LLC, (Societe Generale, Paris LIQ), 0.150% - 0.200%, 2/1/2022 - 3/4/2022 | 104,987,083 | |
20,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.150%, 3/8/2022 | 20,000,000 | |
20,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.160%, 4/6/2022 | 20,000,000 |
Principal Amount or Shares | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Finance - Commercial— continued | |||
$ 135,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 5/23/2022 | $ 135,000,000 | |
TOTAL | 386,976,523 | ||
Finance - Retail— 4.6% | |||
26,000,000 | CAFCO, LLC, 0.451%, 6/10/2022 | 25,958,075 | |
70,000,000 | Chariot Funding LLC, 0.120%, 2/10/2022 | 69,997,900 | |
50,000,000 | Old Line Funding, LLC, 0.160%, 2/3/2022 | 49,999,555 | |
50,000,000 | Old Line Funding, LLC, 0.160%, 4/7/2022 | 49,985,556 | |
58,000,000 | Old Line Funding, LLC, 0.210%, 7/29/2022 | 58,000,000 | |
20,000,000 | Old Line Funding, LLC, 0.210%, 8/2/2022 | 20,000,000 | |
50,000,000 | Old Line Funding, LLC, 0.280%, 6/27/2022 | 50,000,000 | |
267,500,000 | Sheffield Receivables Company LLC, 0.160% - 0.250%, 2/7/2022 - 3/18/2022 | 267,442,686 | |
27,500,000 | Starbird Funding Corp., 0.260%, 4/1/2022 | 27,488,282 | |
75,000,000 | Thunder Bay Funding, LLC, 0.150%, 3/1/2022 - 3/28/2022 | 74,985,625 | |
15,000,000 | Thunder Bay Funding, LLC, 0.210%, 7/29/2022 | 15,000,000 | |
50,000,000 | Thunder Bay Funding, LLC, 0.280%, 6/27/2022 | 50,000,000 | |
20,000,000 | Thunder Bay Funding, LLC, 0.290%, 4/27/2022 | 19,986,306 | |
25,000,000 | Thunder Bay Funding, LLC, 0.290%, 4/27/2022 | 24,982,882 | |
TOTAL | 803,826,867 | ||
Finance - Securities— 8.8% | |||
50,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Societe Generale, Paris COL), 0.200%, 5/18/2022 | 50,000,000 | |
90,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Societe Generale, Paris COL), 0.220%, 7/8/2022 | 90,000,000 | |
30,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Societe Generale, Paris COL), 0.280%, 6/14/2022 | 30,000,000 | |
361,000,000 | Anglesea Funding LLC, 0.160% - 0.250%, 2/1/2022 - 3/18/2022 | 360,957,871 | |
40,000,000 | Chesham Finance LLC Series VII, (Citibank N.A., New York COL), 0.180%, 2/11/2022 | 39,998,000 | |
225,000,000 | Collateralized Commercial Paper FLEX Co., LLC, 0.160% - 0.170%, 2/2/2022 - 5/12/2022 | 224,945,206 | |
507,000,000 | Collateralized Commercial Paper V Co. LLC, 0.160% - 0.361%, 2/2/2022 - 7/8/2022 | 506,786,867 | |
25,000,000 | Great Bear Funding LLC, (Bank of Nova Scotia, Toronto COL), 0.110%, 2/11/2022 | 24,999,236 | |
230,000,000 | Ridgefield Funding Company, LLC Series A, 0.150% - 0.270%, 2/4/2022 - 4/4/2022 | 229,929,250 | |
TOTAL | 1,557,616,430 |
Principal Amount or Shares | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Insurance— 1.0% | |||
$ 180,267,000 | MetLife Short Term Funding LLC, 0.110% - 0.140%, 3/11/2022 - 3/16/2022 | $ 180,239,234 | |
Sovereign— 1.7% | |||
41,439,000 | Erste Abwicklungsanstalt, 0.110%, 2/17/2022 | 41,436,974 | |
65,000,000 | Export Development Canada, 0.090% - 0.130%, 3/7/2022 - 3/15/2022 | 64,991,809 | |
195,000,000 | Nederlandse Waterschapsbank NV, 0.110% - 0.115%, 2/11/2022 - 3/4/2022 | 194,984,113 | |
TOTAL | 301,412,896 | ||
TOTAL COMMERCIAL PAPER | 6,383,758,065 | ||
CERTIFICATES OF DEPOSIT— 20.1% | |||
Finance - Banking— 20.1% | |||
100,000,000 | 2 | Bank of Montreal, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 100,000,000 |
400,000,000 | Bank of Montreal, 0.210% - 0.240%, 3/3/2022 - 7/26/2022 | 400,000,000 | |
45,000,000 | 2 | Bank of Montreal, 0.300% (Secured Overnight Financing Rate +0.250%), 2/1/2022 | 45,000,000 |
50,000,000 | 2 | Bank of Montreal, 0.350% (Secured Overnight Financing Rate +0.300%), 2/1/2022 | 50,000,000 |
150,000,000 | 2 | Bank of Nova Scotia, Toronto, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 150,000,000 |
76,000,000 | Bank of Nova Scotia, Toronto, 0.220%, 5/17/2022 | 76,000,000 | |
205,000,000 | 2 | Bank of Nova Scotia, Toronto, 0.250% (Secured Overnight Financing Rate +0.200%), 2/1/2022 | 205,000,000 |
20,000,000 | 2 | Bank of Nova Scotia, Toronto, 0.300% (Secured Overnight Financing Rate +0.250%), 2/1/2022 | 20,000,000 |
50,000,000 | 2 | Bank of Nova Scotia, Toronto, 0.300% (Secured Overnight Financing Rate +0.250%), 2/1/2022 | 50,000,000 |
75,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 75,000,000 |
100,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.250% (Secured Overnight Financing Rate +0.200%), 2/1/2022 | 100,000,000 |
150,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.250% (Secured Overnight Financing Rate +0.200%), 2/1/2022 | 150,000,000 |
25,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.260% (Secured Overnight Financing Rate +0.210%), 2/1/2022 | 25,000,000 |
131,500,000 | Canadian Imperial Bank of Commerce, 0.350%, 11/7/2022 - 11/10/2022 | 131,500,000 | |
200,000,000 | Mizuho Bank Ltd., 0.250%, 3/22/2022 - 3/23/2022 | 200,000,000 | |
350,000,000 | MUFG Bank Ltd., 0.170% - 0.180%, 2/14/2022 - 3/21/2022 | 350,000,000 | |
50,000,000 | Royal Bank of Canada, 0.210%, 3/9/2022 | 50,000,000 | |
100,000,000 | 2 | Royal Bank of Canada, New York Branch, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 100,000,000 |
Principal Amount or Shares | Value | ||
CERTIFICATES OF DEPOSIT— continued | |||
Finance - Banking— continued | |||
$ 75,000,000 | 2 | Royal Bank of Canada, New York Branch, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | $ 75,000,000 |
210,000,000 | Sumitomo Mitsui Banking Corp., 0.200% - 0.250%, 2/28/2022 - 3/28/2022 | 210,000,000 | |
629,500,000 | Sumitomo Mitsui Trust Bank Ltd., 0.150% - 0.220%, 2/2/2022 - 3/14/2022 | 629,500,000 | |
329,000,000 | Toronto Dominion Bank, 0.220% - 0.320%, 4/1/2022 - 11/23/2022 | 329,000,000 | |
TOTAL CERTIFICATES OF DEPOSIT | 3,521,000,000 | ||
TIME DEPOSITS— 11.1% | |||
Finance - Banking— 11.1% | |||
875,000,000 | ABN Amro Bank NV, 0.080%, 2/1/2022 - 2/7/2022 | 875,000,000 | |
400,000,000 | Australia & New Zealand Banking Group, Melbourne, 0.080%, 2/2/2022 | 400,000,000 | |
150,000,000 | Cooperatieve Rabobank UA, 0.060%, 2/1/2022 | 150,000,000 | |
150,000,000 | DNB Bank ASA, 0.050%, 2/1/2022 | 150,000,000 | |
380,000,000 | Mizuho Bank Ltd., 0.070%, 2/1/2022 | 380,000,000 | |
TOTAL TIME DEPOSITS | 1,955,000,000 | ||
2 | NOTES - VARIABLE— 3.0% | ||
Finance - Banking— 1.1% | |||
6,725,000 | Fiore Capital LLC, (Wells Fargo Bank, N.A. LOC), 0.150%, 2/3/2022 | 6,725,000 | |
1,075,000 | Gadsden, AL Airport Authority, Series 2004, (Wells Fargo Bank, N.A. LOC), 0.160%, 2/3/2022 | 1,075,000 | |
595,000 | Montgomery, AL IDB, (Wells Fargo Bank, N.A. LOC), 0.280%, 2/3/2022 | 595,000 | |
19,670,000 | Osprey Properties Limited Partnership, LLP & Nighthawk Properties, LLC, Series 2008, (Wells Fargo Bank, N.A. LOC), 0.100%, 2/3/2022 | 19,670,000 | |
29,435,000 | Panel Rey S.A., Series 2016, (Citibank N.A., New York LOC), 0.120%, 2/3/2022 | 29,435,000 | |
1,195,000 | Spira Millennium LLC, Series 2001, (Bank of America N.A. LOC), 0.150%, 2/3/2022 | 1,195,000 | |
40,242,481 | Taxable Tender Option Bond Trust 2021-MIZ9060TX, (Series 2021-MIZ9060TX) VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.340%, 2/1/2022 | 40,242,481 | |
30,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9070TX, (Series 2021-MIZ9070TX) VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.490%, 2/1/2022 | 30,000,000 | |
25,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9071TX, (Series 2021-MIZ9071TX) VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.490%, 2/1/2022 | 25,000,000 | |
21,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9080TX, (Series 2021-MIZ9080TX) Weekly VRDNs, (Mizuho Bank Ltd. LOC), 0.180%, 2/3/2022 | 21,000,000 |
Principal Amount or Shares | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 5,935,000 | Taxable Tender Option Bond Trust 2021-MIZ9083TX, (Series 2021-MIZ9083TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | $ 5,935,000 | |
18,290,000 | Triborough Bridge & Tunnel Authority, NY, (Taxable Series E) Weekly VRDNs, (Bank of America N.A. LOC), 0.100%, 2/3/2022 | 18,290,000 | |
TOTAL | 199,162,481 | ||
Government Agency— 1.9% | |||
5,915,000 | 1320 W Jefferson LLC, (FHLB of San Francisco LOC), 0.120%, 2/2/2022 | 5,915,000 | |
4,925,000 | Andrew Long Irrevocable Family Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 4,925,000 | |
1,700,000 | Archer 1 LLC, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 1,700,000 | |
2,100,000 | BWF Forge TL Properties Owner LLC, (FHLB of Des Moines LOC)/(FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 2,100,000 | |
1,695,000 | CMR LLC, CMR LLC Project Series 2017, (FHLB of Indianapolis LOC), 0.200%, 2/3/2022 | 1,695,000 | |
6,020,000 | Dennis Wesley Company, Inc., The Dennis Wesley Company, Inc. Project, (FHLB of Indianapolis LOC), 0.120%, 2/3/2022 | 6,020,000 | |
6,130,000 | Frank Dale Insurance Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 6,130,000 | |
8,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-A, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 8,000,000 | |
4,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-B, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 4,000,000 | |
6,740,000 | Mason Harrison Ratliff Enterprises, LLC, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 6,740,000 | |
30,200,000 | Mike P. Sturdivant, Sr. Family Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 30,200,000 | |
25,622,500 | Naples SI, LLC, (FHLB of Indianapolis LOC), 0.120%, 2/3/2022 | 25,622,500 | |
35,960,000 | Park Stanton Place LP, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 35,960,000 | |
6,650,000 | Phenix City, AL Downtown Redevelopment Authority, Series 2013-A, (FHLB of New York LOC), 0.120%, 2/3/2022 | 6,650,000 | |
21,000,000 | Pittsburg Fox Creek Associates L.P., Series 2011-A, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 21,000,000 | |
5,225,000 | Public Finance Authority, Series 2015-A Ram Eufaula Hospitality, LLC, (FHLB of New York LOC), 0.150%, 2/3/2022 | 5,225,000 | |
6,000,000 | Riverview Project, Series 2021, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 6,000,000 | |
13,650,000 | Rohnert Park 668, L.P., (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 13,650,000 | |
7,600,000 | Sandy Jacobs Irrevocable Insurance Trust, Series 2019, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 7,600,000 |
Principal Amount or Shares | Value | ||
2 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 22,065,000 | Sendra Family Irrevocable Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | $ 22,065,000 | |
11,260,000 | Shawn R. Trapuzzano Irrevocable Insurance Trust, (FHLB of Pittsburgh LOC), 0.120%, 2/3/2022 | 11,260,000 | |
4,860,000 | Spingola Insurance Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 4,860,000 | |
2,560,000 | The J.G. Aguirre Master Trust, (FHLB of Atlanta LOC), 0.120%, 2/3/2022 | 2,560,000 | |
23,765,000 | The Jacob Rosenstein Irrevocable Life Insurance Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 23,765,000 | |
4,150,000 | The Mary Jane Beauregard Irrevocable Insurance Trust of 2017, (FHLB of Dallas LOC), 0.120%, 2/2/2022 | 4,150,000 | |
4,710,000 | The Mulberry Family Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | ��� 4,710,000 | |
20,330,000 | The Murray D. Berry Trust, (FHLB of Des Moines LOC), 0.120%, 2/2/2022 | 20,330,000 | |
20,945,000 | The Ray L. Berry Trust, (FHLB of Des Moines LOC), 0.120%, 2/2/2022 | 20,945,000 | |
16,400,000 | Wingo Family Master Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 16,400,000 | |
TOTAL | 330,177,500 | ||
TOTAL NOTES - VARIABLE | 529,339,981 | ||
MUNICIPAL BOND— 0.6% | |||
Municipal— 0.6% | |||
95,700,000 | Metropolitan Transportation Authority, NY (Fully Appropriated COVID Operating Grants-Federally Taxable), (Series A) GANs, 0.777%, 11/15/2022 | 95,700,000 | |
U.S. TREASURY— 0.3% | |||
U.S. Treasury Notes— 0.3% | |||
50,000,000 | 2 | United States Treasury Floating Rate Notes, 0.224% (91-day T-Bill +0.034%), 2/1/2022 | 50,005,030 |
OTHER REPURCHASE AGREEMENTS— 17.0% | |||
Finance - Banking— 17.0% | |||
75,000,000 | BMO Capital Markets Corp., 0.20%, dated 1/31/2022, interest in a $90,000,000 collateralized loan agreement will repurchase securities provided as collateral for $90,000,500 on 2/1/2022, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $91,801,067 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
20,000,000 | BMO Capital Markets Corp., 0.30%, dated 1/31/2022, interest in a $20,000,000 collateralized loan agreement will repurchase securities provided as collateral for $20,000,167 on 2/1/2022, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $20,400,680 have been received as collateral and held with BNY Mellon as tri-party agent. | 20,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 100,000,000 | BMO Capital Markets Corp., 0.25%, dated 2/8/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,255,411 on 7/12/2022, in which asset-backed securities, corporate bonds, medium-term notes and Sovereign with a market value of $204,258,377 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 100,000,000 | |
47,000,000 | BNP Paribas S.A. 0.15%, dated 1/31/2022, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,000,625 on 2/1/2022, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and Sovereign with a market value of $153,048,760 have been received as collateral and held with BNY Mellon as tri-party agent. | 47,000,000 | |
25,000,000 | Citigroup Global Markets, Inc., 0.40%, dated 9/7/2021, interest in a $25,000,000 collateralized loan agreement will repurchase securities provided as collateral for $25,050,278 on 3/7/2022, in which Sovereign with a market value of $25,508,670 have been received as collateral and held with BNY Mellon as tri-party agent. | 25,000,000 | |
50,000,000 | Citigroup Global Markets, Inc., 0.45%, dated 9/7/2021, interest in a $50,000,000 collateralized loan agreement will repurchase securities provided as collateral for $50,113,125 on 3/7/2022, in which asset-backed securities, collateralized mortgage obligations and Sovereign with a market value of $51,018,488 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 | |
75,000,000 | Credit Agricole S.A., 0.12%, dated 1/27/2022, interest in a $75,000,000 collateralized loan agreement will repurchase securities provided as collateral for $75,001,750 on 2/3/2022, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes, Sovereign and treasury bills with a market value of $76,501,367 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
135,000,000 | Credit Agricole S.A., 0.22%, dated 1/12/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,012,833 on 2/9/2022, in which asset-backed securities, collateralized mortgage obligations, commercial paper, corporate bonds, medium-term notes and Sovereign with a market value of $306,001,870 have been received as collateral and held with BNY Mellon as tri-party agent. | 135,000,000 | |
320,000,000 | Credit Agricole S.A., 0.13%, dated 12/20/2021, interest in a $535,000,000 collateralized loan agreement will repurchase securities provided as collateral for $535,013,524 on 2/9/2022, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and Sovereign with a market value of $545,746,058 have been received as collateral and held with BNY Mellon as tri-party agent. | 320,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 125,000,000 | Credit Suisse Securities (USA) LLC, 0.20%, dated 1/25/2022, interest in a $125,000,000 collateralized loan agreement will repurchase securities provided as collateral for $125,004,861 on 2/1/2022, in which asset-backed securities and collateralized mortgage obligations with a market value of $127,504,959 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 125,000,000 | |
30,000,000 | HSBC Securities (USA), Inc., 0.17%, dated 1/31/2022, interest in a $30,000,000 collateralized loan agreement will repurchase securities provided as collateral for $30,000,142 on 2/1/2022, in which corporate bonds and Sovereign with a market value of $30,600,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 30,000,000 | |
25,000,000 | HSBC Securities (USA), Inc., 0.17%, dated 1/31/2022, interest in a $25,000,000 collateralized loan agreement will repurchase securities provided as collateral for $25,000,118 on 2/1/2022, in which asset-backed securities, corporate bonds, medium-term notes and Sovereign with a market value of $25,500,085 have been received as collateral and held with BNY Mellon as tri-party agent. | 25,000,000 | |
160,000,000 | J.P. Morgan Securities LLC, 0.32%, dated 1/12/2022, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,073,333 on 2/14/2022, in which corporate bonds with a market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 160,000,000 | |
75,000,000 | Mizuho Securities USA, Inc., 0.27%, dated 1/31/2022, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,001,125 on 2/1/2022, in which common stocks with a market value of $153,004,640 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
100,000,000 | Mizuho Securities USA, Inc., 0.42%, dated 9/1/2021, interest in a $110,000,000 collateralized loan agreement will repurchase securities provided as collateral for $110,039,783 on 2/3/2022, in which asset-backed securities with a market value of $112,237,962 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
225,000,000 | Mitsubishi UFG Securities Americas, Inc., 0.22%, dated 1/31/2022, interest in a $550,000,000 collateralized loan agreement will repurchase securities provided as collateral for $550,003,361 on 2/1/2022, in which American depositary receipts, common stocks, convertible bonds, exchange traded funds and unit investment trust with a market value of $561,013,715 have been received as collateral and held with BNY Mellon as tri-party agent. | 225,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 200,000,000 | Pershing LLC, 0.32%, dated 12/22/2021, interest in a $400,000,000 collateralized loan agreement will repurchase securities provided as collateral for $400,024,889 on 2/9/2022, in which asset-backed securities, commercial paper, common stocks, corporate bonds, exchange-traded funds, medium-term notes and municipal bonds with a market value of $408,004,304 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 200,000,000 | |
320,000,000 | Societe Generale, Paris, 0.22%, dated 1/31/2022, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,003,972 on 2/1/2022, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign securities with a market value of $663,016,207 have been received as collateral and held with BNY Mellon as tri-party agent. | 320,000,000 | |
225,000,000 | Societe Generale, Paris, 0.13%, dated 1/31/2022, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,001,264 on 2/1/2022, in which asset-backed securities, corporate bonds, medium-term notes and sovereign securities with a market value of $357,005,217 have been received as collateral and held with BNY Mellon as tri-party agent. | 225,000,000 | |
50,000,000 | Standard Chartered Bank, 0.16%, dated 1/31/2022, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,000,444 on 2/1/2022, in which U.S. Treasury bonds with a market value of $102,000,551 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 | |
120,000,000 | Wells Fargo Securities LLC, 0.73%, dated 1/27/2022, interest in a $120,000,000 collateralized loan agreement will repurchase securities provided as collateral for $120,216,567 on 4/26/2022 in which convertible bonds with a market value of $122,412,749 have been received as collateral and held with BNY Mellon as tri-party agent. | 120,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 0.66%, dated 5/20/2020, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,074,250 on 2/3/2022 in which Exchange traded funds and Common stocks with a market value of $178,518,500 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 0.57%, dated 1/28/2022, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,066,500 on 2/25/2022 in which American depositary receipts, exchange traded funds and unit investment trust with a market value of $153,009,728 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 175,000,000 | Wells Fargo Securities LLC, 0.73%, dated 4/27/2021, interest in a $175,000,000 collateralized loan agreement will repurchase securities provided as collateral for $175,319,375 on 4/27/2022 in which American depositary receipts, exchange traded funds and unit investment trust with a market value of $178,518,500 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 175,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS | 2,977,000,000 | ||
REPURCHASE AGREEMENT— 1.1% | |||
Finance - Banking— 1.1% | |||
200,000,000 | Interest in $3,000,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $3,000,004,583 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 10/1/2051 and the market value of those underlying securities was $3,060,315,432. | 200,000,000 | |
INVESTMENT COMPANIES— 8.5% | |||
1,000,000,000 | Federated Hermes Institutional Money Market Management, Institutional Shares, 0.03%3 | 999,713,001 | |
500,267,549 | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 0.06%3 | 500,267,526 | |
TOTAL INVESTMENT COMPANIES | 1,499,980,527 | ||
TOTAL INVESTMENT IN SECURITIES—98.0% (AT AMORTIZED COST)4 | 17,211,783,603 | ||
OTHER ASSETS AND LIABILITIES - NET—2.0%5 | 355,781,525 | ||
TOTAL NET ASSETS—100% | $17,567,565,128 |
Federated Hermes Institutional Money Market Management, Institutional Shares | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares | Total of Affiliated Transactions | |
Value as of 7/31/2021 | $999,713,001 | $500,267,526 | $1,499,980,527 |
Purchases at Cost | $— | $— | $— |
Proceeds from Sales | $— | $— | $— |
Change in Unrealized Appreciation/ Depreciation | N/A | $— | N/A |
Net Realized Gain/(Loss) | N/A | $— | N/A |
Value as of 1/31/2022 | $999,713,001 | $500,267,526 | $1,499,980,527 |
Shares Held as of 1/31/2022 | 1,000,000,000 | 500,267,549 | 1,500,267,549 |
Dividend Income | $77,711 | $79,800 | $157,511 |
1 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
3 | 7-day net yield. |
4 | Also represents cost of investments for federal tax purposes. |
5 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following is a summary of the inputs used, as of January 31, 2022, in valuing the Fund’s assets carried at fair value:
Valuation Inputs | ||||
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Total | |
Debt Securities: | ||||
Commercial Paper | $— | $6,383,758,065 | $— | $6,383,758,065 |
Certificates of Deposit | — | 3,521,000,000 | — | 3,521,000,000 |
Time Deposits | — | 1,955,000,000 | — | 1,955,000,000 |
Notes - Variable | — | 529,339,981 | — | 529,339,981 |
Municipal Bond | — | 95,700,000 | — | 95,700,000 |
U.S. Treasury | — | 50,005,030 | — | 50,005,030 |
Other Repurchase Agreements | — | 2,977,000,000 | — | 2,977,000,000 |
Repurchase Agreements | — | 200,000,000 | — | 200,000,000 |
Investment Company | 1,499,980,527 | — | — | 1,499,980,527 |
TOTAL SECURITIES | $1,499,980,527 | $15,711,803,076 | $— | $17,211,783,603 |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
FHLB | —Federal Home Loan Bank | |
GANs | —Grant Anticipation Notes | |
GTD | —Guaranteed | |
IDB | —Industrial Development Bond | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.010 | 0.020 | 0.012 | 0.005 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.010 | 0.020 | 0.012 | 0.005 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.010) | (0.020) | (0.012) | (0.005) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.010) | (0.020) | (0.012) | (0.005) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.01% | 1.01% | 2.03% | 1.22% | 0.45% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.18%4 | 0.23% | 0.53% | 0.54% | 0.51% | 0.51% |
Net investment income | 0.00%4, 5 | 0.01% | 1.01% | 2.06% | 1.21% | 0.37% |
Expense waiver/reimbursement6 | 0.47%4 | 0.41% | 0.11% | 0.10% | 0.13% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,676,958 | $1,034,830 | $1,603,414 | $1,678,950 | $376,107 | $346,013 |
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 | Represents less than 0.01%. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.006 | 0.014 | 0.006 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.006 | 0.014 | 0.006 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.006) | (0.014) | (0.006) | (0.000)1 |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.006) | (0.014) | (0.006) | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.01% | 0.56% | 1.42% | 0.58% | 0.04% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.17%4 | 0.23% | 0.97% | 1.13% | 1.15% | 0.82% |
Net investment income | 0.00%4, 5 | 0.01% | 0.54% | 1.42% | 0.56% | 0.02% |
Expense waiver/reimbursement6 | 1.08%4 | 1.09% | 0.32% | 0.16% | 0.18% | 0.51% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $40,331 | $38,762 | $48,615 | $44,257 | $42,390 | $51,059 |
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 | Represents less than 0.01%. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.013 | 0.023 | 0.015 | 0.008 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.0001 | 0.013 | 0.023 | 0.015 | 0.008 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.013) | (0.023) | (0.015) | (0.008) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.000)1 | (0.013) | (0.023) | (0.015) | (0.008) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.04% | 1.33% | 2.36% | 1.53% | 0.75% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.17%4 | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% |
Net investment income | 0.00%4, 5 | 0.04% | 1.33% | 2.36% | 1.56% | 0.71% |
Expense waiver/ reimbursement6 | 0.14%4 | 0.10% | 0.10% | 0.10% | 0.13% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $9,932,818 | $11,788,470 | $18,814,127 | $16,862,096 | $5,770,600 | $2,868,583 |
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 | Represents less than 0.01%. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | Period Ended 7/31/20191 | ||
2021 | 2020 | |||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||
Net investment income | 0.0002 | 0.0002 | 0.013 | 0.013 |
Net realized gain (loss) | 0.0002 | 0.0002 | 0.0002 | — |
Total From Investment Operations | 0.0002 | 0.0002 | 0.013 | 0.013 |
Less Distributions: | ||||
Distributions from net investment income | (0.000)2 | (0.000)2 | (0.013) | (0.013) |
Distributions from net realized gains | (0.000)2 | (0.000)2 | (0.000)2 | — |
Total Distributions | (0.000)2 | (0.000)2 | (0.013) | (0.013) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return3 | 0.01% | 0.04% | 1.33% | 1.31% |
Ratios to Average Net Assets: | ||||
Net expenses4 | 0.17%5 | 0.20% | 0.20% | 0.20%5 |
Net investment income | 0.00%5, 6 | 0.04% | 1.32% | 2.39%5 |
Expense waiver/reimbursement7 | 0.14%5 | 0.10% | 0.10% | 0.10%5 |
Supplemental Data: | ||||
Net assets, end of period (000 omitted) | $163,421 | $187,921 | $376,278 | $276,284 |
1 | Reflects operations for the period from January 18, 2019 (date of initial investment) to July 31, 2019. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | Represents less than 0.01%. |
7 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.011 | 0.021 | 0.013 | 0.005 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | (0.000)1 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.011 | 0.021 | 0.013 | 0.005 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.011) | (0.021) | (0.013) | (0.005) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.011) | (0.021) | (0.013) | (0.005) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.01% | 1.09% | 2.10% | 1.28% | 0.50% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.17%4 | 0.23% | 0.45% | 0.45% | 0.45% | 0.45% |
Net investment income | 0.00%4, 5 | 0.01% | 1.06% | 2.09% | 1.31% | 0.47% |
Expense waiver/ reimbursement6 | 0.39%4 | 0.32% | 0.10% | 0.10% | 0.13% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,434,425 | $1,711,361 | $3,016,273 | $2,757,262 | $1,799,914 | $1,215,338 |
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 | Represents less than 0.01%. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.007 | 0.016 | 0.008 | 0.002 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.007 | 0.016 | 0.008 | 0.002 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.007) | (0.016) | (0.008) | (0.002) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.007) | (0.016) | (0.008) | (0.002) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.01% | 0.72% | 1.65% | 0.83% | 0.16% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.17%4 | 0.22% | 0.81% | 0.90% | 0.90% | 0.79% |
Net investment income | 0.00%4, 5 | 0.01% | 0.71% | 1.64% | 0.80% | 0.16% |
Expense waiver/reimbursement6 | 0.84%4 | 0.78% | 0.19% | 0.10% | 0.13% | 0.24% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,287,790 | $1,275,933 | $1,125,251 | $1,043,702 | $998,683 | $1,196,268 |
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 | Represents less than 0.01%. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.006 | 0.015 | 0.007 | 0.001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.006 | 0.015 | 0.007 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.006) | (0.015) | (0.007) | (0.001) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.006) | (0.015) | (0.007) | (0.001) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.01% | 0.62% | 1.51% | 0.72% | 0.08% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.17%4 | 0.22% | 0.92% | 1.03% | 1.00% | 0.70% |
Net investment income | 0.00%4, 5 | 0.01% | 0.63% | 1.49% | 0.72% | 0.02% |
Expense waiver/reimbursement6 | 1.09%4 | 1.03% | 0.34% | 0.21% | 0.23% | 0.57% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $37,512 | $42,076 | $33,265 | $32,789 | $29,911 | $28,365 |
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 | Represents less than 0.01%. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.012 | 0.022 | 0.013 | 0.007 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.012 | 0.022 | 0.014 | 0.007 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.012) | (0.022) | (0.014) | (0.007) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.012) | (0.022) | (0.014) | (0.007) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.01% | 1.23% | 2.26% | 1.43% | 0.65% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.17%4 | 0.23% | 0.30% | 0.30% | 0.30% | 0.30% |
Net investment income | 0.00%4, 5 | 0.01% | 1.20% | 2.25% | 1.46% | 0.45% |
Expense waiver/reimbursement6 | 0.24%4 | 0.18% | 0.10% | 0.10% | 0.13% | 0.12% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $321,183 | $329,279 | $548,708 | $670,114 | $398,852 | $203,594 |
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 | Represents less than 0.01%. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.009 | 0.018 | 0.010 | 0.003 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.009 | 0.018 | 0.010 | 0.003 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.009) | (0.018) | (0.010) | (0.003) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.009) | (0.018) | (0.010) | (0.003) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.01% | 0.87% | 1.85% | 1.02% | 0.29% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.17%4 | 0.23% | 0.66% | 0.70% | 0.70% | 0.63% |
Net investment income | 0.00%4, 5 | 0.01% | 0.86% | 1.90% | 1.03% | 0.15% |
Expense waiver/reimbursement6 | 0.64%4 | 0.57% | 0.14% | 0.10% | 0.13% | 0.20% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $2,673,127 | $2,670,993 | $3,667,951 | $3,502,863 | $19,829 | $13,188 |
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 | Represents less than 0.01%. |
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. |
January 31, 2022 (unaudited)
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $3,177,000,000 |
Investment in securities, including $1,499,980,527 of investment in affiliated holdings* | 14,034,783,603 |
Investment in securities, at amortized cost and fair value | 17,211,783,603 |
Cash | 361,421,679 |
Income receivable | 2,793,362 |
Income receivable from affiliated holdings | 47,141 |
Receivable for shares sold | 8,915,163 |
Total Assets | 17,584,960,948 |
Liabilities: | |
Payable for shares redeemed | 15,826,587 |
Income distribution payable | 10,294 |
Payable for investment adviser fee (Note 4) | 36,775 |
Payable for administrative fee (Note 4) | 37,652 |
Payable for custodian fees | 260,674 |
Payable for transfer agent fees (Note 2) | 443,391 |
Payable for other service fees (Notes 2 and 4) | 181,569 |
Accrued expenses (Note 4) | 598,878 |
Total Liabilities | 17,395,820 |
Net assets for 17,567,492,109 shares outstanding | $17,567,565,128 |
Net Assets Consist of: | |
Paid-in capital | $17,567,483,293 |
Total distributable earnings (loss) | 81,835 |
Total Net Assets | $17,567,565,128 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Automated Shares: | |
$1,676,957,615 ÷ 1,676,950,655 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Class R Shares: | |
$40,331,183 ÷ 40,331,016 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Wealth Shares: | |
$9,932,817,655 ÷ 9,932,776,331 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Advisor Shares: | |
$163,420,632 ÷ 163,419,951 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$1,434,425,309 ÷ 1,434,419,355 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$1,287,790,391 ÷ 1,287,785,043 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$37,512,413 ÷ 37,512,258 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Capital Shares: | |
$321,182,816 ÷ 321,181,482 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Trust Shares: | |
$2,673,127,114 ÷ 2,673,116,018 shares outstanding, no par value, unlimited shares authorized | $1.00 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended January 31, 2022 (unaudited)
Investment Income: | |
Interest | $15,388,584 |
Dividends received from affiliated holdings* | 157,511 |
TOTAL INCOME | 15,546,095 |
Expenses: | |
Investment adviser fee (Note 4) | 18,310,659 |
Administrative fee (Note 4) | 7,158,798 |
Custodian fees | 313,899 |
Transfer agent fees (Note 2) | 3,159,280 |
Directors’/Trustees’ fees (Note 4) | 52,172 |
Auditing fees | 11,878 |
Legal fees | 4,757 |
Portfolio accounting fees | 140,830 |
Distribution services fee (Note 4) | 5,844,074 |
Other service fees (Notes 2 and 4) | 8,904,765 |
Share registration costs | 146,082 |
Printing and postage | 220,748 |
Miscellaneous (Note 4) | 107,686 |
TOTAL EXPENSES | 44,375,628 |
Waivers and Reimbursements: | |
Waiver/reimbursement of investment adviser fee (Note 4) | (13,757,068) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (16,000,520) |
TOTAL WAIVERS AND REIMBURSEMENTS | (29,757,588) |
Net expenses | 14,618,040 |
Net investment income | 928,055 |
Net realized gain on investments | 70,262 |
Change in net assets resulting from operations | $998,317 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended 7/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $928,055 | $7,423,269 |
Net realized gain (loss) | 70,262 | 11,556 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 998,317 | 7,434,825 |
Distributions to Shareholders: | ||
Automated Shares | (69,529) | (137,765) |
Class R Shares | (1,840) | (3,974) |
Wealth Shares | (549,319) | (6,432,149) |
Advisor Shares | (9,168) | (127,699) |
Service Shares | (80,770) | (233,300) |
Cash II Shares | (66,450) | (125,177) |
Cash Series Shares | (2,089) | (3,927) |
Capital Shares | (16,221) | (50,973) |
Trust Shares | (138,013) | (349,121) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (933,399) | (7,464,085) |
Share Transactions: | ||
Proceeds from sale of shares | 5,777,191,373 | 15,284,485,959 |
Net asset value of shares issued to shareholders in payment of distributions declared | 870,356 | 6,952,724 |
Cost of shares redeemed | (7,290,185,607) | (25,445,666,626) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (1,512,123,878) | (10,154,227,943) |
Change in net assets | (1,512,058,960) | (10,154,257,203) |
Net Assets: | ||
Beginning of period | 19,079,624,088 | 29,233,881,291 |
End of period | $17,567,565,128 | $19,079,624,088 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $699,938 | $— | $(556,931) |
Class R Shares | 45,237 | — | (41,245) |
Wealth Shares | 1,126,506 | (53) | — |
Advisor Shares | 18,556 | — | — |
Service Shares | 163,451 | — | (25) |
Cash II Shares | 767,722 | (11,978) | (620,730) |
Cash Series Shares | 24,949 | (1,377) | (19,339) |
Capital Shares | 32,864 | — | — |
Trust Shares | 280,057 | (3) | — |
TOTAL | $3,159,280 | $(13,411) | $(1,238,270) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $1,713,902 | $— | $(1,713,902) |
Class R Shares | 46,295 | — | (46,295) |
Service Shares | 1,957,784 | — | (1,957,784) |
Cash II Shares | 1,618,778 | — | (1,618,778) |
Cash Series Shares | 50,805 | — | (50,805) |
Capital Shares | 157,705 | (134) | (157,571) |
Trust Shares | 3,359,496 | — | (3,359,496) |
TOTAL | $8,904,765 | $(134) | $(8,904,631) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Automated Shares: | Shares | Amount | Shares | Amount |
Shares sold | 1,076,332,927 | $1,076,332,927 | 1,092,892,574 | $1,092,892,574 |
Shares issued to shareholders in payment of distributions declared | 69,298 | 69,298 | 135,800 | 135,800 |
Shares redeemed | (434,280,789) | (434,280,789) | (1,661,611,602) | (1,661,611,602) |
NET CHANGE RESULTING FROM AUTOMATED SHARE TRANSACTIONS | 642,121,436 | $642,121,436 | (568,583,228) | $(568,583,228) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Class R Shares: | Shares | Amount | Shares | Amount |
Shares sold | 9,328,446 | $9,328,446 | 25,037,245 | $25,037,245 |
Shares issued to shareholders in payment of distributions declared | 1,829 | 1,829 | 3,927 | 3,927 |
Shares redeemed | (7,760,948) | (7,760,948) | (34,894,798) | (34,894,798) |
NET CHANGE RESULTING FROM CLASS R SHARE TRANSACTIONS | 1,569,327 | $1,569,327 | (9,853,626) | $(9,853,626) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Wealth Shares: | Shares | Amount | Shares | Amount |
Shares sold | 3,054,742,509 | $3,054,742,509 | 8,603,643,868 | $8,603,643,868 |
Shares issued to shareholders in payment of distributions declared | 495,622 | 495,622 | 5,940,168 | 5,940,168 |
Shares redeemed | (4,910,926,463) | (4,910,926,463) | (15,635,221,953) | (15,635,221,953) |
NET CHANGE RESULTING FROM WEALTH SHARE TRANSACTIONS | (1,855,688,332) | $(1,855,688,332) | (7,025,637,917) | $(7,025,637,917) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Advisor Shares: | Shares | Amount | Shares | Amount |
Shares sold | 46,791,875 | $46,791,875 | 170,408,084 | $170,408,084 |
Shares issued to shareholders in payment of distributions declared | 9,168 | 9,168 | 127,699 | 127,699 |
Shares redeemed | (71,302,197) | (71,302,197) | (358,892,162) | (358,892,162) |
NET CHANGE RESULTING FROM ADVISOR SHARE TRANSACTIONS | (24,501,154) | $(24,501,154) | (188,356,379) | $(188,356,379) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 543,676,495 | $543,676,495 | 1,287,654,602 | $1,287,654,602 |
Shares issued to shareholders in payment of distributions declared | 74,170 | 74,170 | 220,581 | 220,581 |
Shares redeemed | (820,691,190) | (820,691,190) | (2,592,784,162) | (2,592,784,162) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (276,940,525) | $(276,940,525) | (1,304,908,979) | $(1,304,908,979) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 355,073,064 | $355,073,064 | 1,494,273,060 | $1,494,273,060 |
Shares issued to shareholders in payment of distributions declared | 65,704 | 65,704 | 124,526 | 124,526 |
Shares redeemed | (343,286,146) | (343,286,146) | (1,343,714,244) | (1,343,714,244) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | 11,852,622 | $11,852,622 | 150,683,342 | $150,683,342 |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 18,989,601 | $18,989,601 | 60,002,729 | $60,002,729 |
Shares issued to shareholders in payment of distributions declared | 2,066 | 2,066 | 3,891 | 3,891 |
Shares redeemed | (23,555,822) | (23,555,822) | (51,194,705) | (51,194,705) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | (4,564,155) | $(4,564,155) | 8,811,915 | $8,811,915 |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 110,393,851 | $110,393,851 | 286,065,142 | $286,065,142 |
Shares issued to shareholders in payment of distributions declared | 14,496 | 14,496 | 47,159 | 47,159 |
Shares redeemed | (118,505,289) | (118,505,289) | (505,540,753) | (505,540,753) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (8,096,942) | $(8,096,942) | (219,428,452) | $(219,428,452) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Trust Shares: | Shares | Amount | Shares | Amount |
Shares sold | 561,862,605 | $561,862,605 | 2,264,508,655 | $2,264,508,655 |
Shares issued to shareholders in payment of distributions declared | 138,003 | 138,003 | 348,973 | 348,973 |
Shares redeemed | (559,876,763) | (559,876,763) | (3,261,812,247) | (3,261,812,247) |
NET CHANGE RESULTING FROM TRUST SHARE TRANSACTIONS | 2,123,845 | $2,123,845 | (996,954,619) | $(996,954,619) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (1,512,123,878) | $(1,512,123,878) | (10,154,227,943) | $(10,154,227,943) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Class R Shares | 0.50% |
Cash II Shares | 0.35% |
Cash Series Shares | 0.60% |
Trust Shares | 0.25% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Class R Shares | $95,775 | $(95,775) |
Cash II Shares | 2,266,871 | (2,266,871) |
Cash Series Shares | 121,931 | (121,931) |
Trust Shares | 3,359,497 | (3,359,497) |
TOTAL | $5,844,074 | $(5,844,074) |
Beginning Account Value 8/1/2021 | Ending Account Value 1/31/2022 | Expenses Paid During Period1 | |
Actual: | |||
Automated Shares | $1,000 | $1,000.10 | $0.912 |
Class R Shares | $1,000 | $1,000.10 | $0.863 |
Wealth Shares | $1,000 | $1,000.10 | $0.864 |
Advisor Shares | $1,000 | $1,000.10 | $0.865 |
Service Shares | $1,000 | $1,000.10 | $0.866 |
Cash II Shares | $1,000 | $1,000.10 | $0.867 |
Cash Series Shares | $1,000 | $1,000.10 | $0.868 |
Capital Shares | $1,000 | $1,000.10 | $0.869 |
Trust Shares | $1,000 | $1,000.10 | $0.8610 |
Hypothetical (assuming a 5% return before expenses): | |||
Automated Shares | $1,000 | $1,024.30 | $0.922 |
Class R Shares | $1,000 | $1,024.35 | $0.873 |
Wealth Shares | $1,000 | $1,024.35 | $0.874 |
Advisor Shares | $1,000 | $1,024.35 | $0.875 |
Service Shares | $1,000 | $1,024.35 | $0.876 |
Cash II Shares | $1,000 | $1,024.35 | $0.877 |
Cash Series Shares | $1,000 | $1,024.35 | $0.878 |
Capital Shares | $1,000 | $1,024.35 | $0.879 |
Trust Shares | $1,000 | $1,024.35 | $0.8710 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Automated Shares | 0.18% |
Class R Shares | 0.17% |
Wealth Shares | 0.17% |
Advisor Shares | 0.17% |
Service Shares | 0.17% |
Cash II Shares | 0.17% |
Cash Series Shares | 0.17% |
Capital Shares | 0.17% |
Trust Shares | 0.17% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Automated Shares current Fee Limit of 0.55% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.77 and $2.81, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Class R Shares current Fee Limit of 1.15% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $5.80 and $5.87, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Wealth Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
5 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Advisor Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
6 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Service Shares current Fee Limit of 0.45% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.27 and $2.29, respectively. |
7 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash II Shares current Fee Limit of 0.90% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $4.54 and $4.58, respectively. |
8 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash Series Shares current Fee Limit of 1.05% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $5.29 and $5.35, respectively. |
9 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Capital Shares current Fee Limit of 0.30% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.51 and $1.53, respectively. |
10 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Trust Shares current Fee Limit of 0.70% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $3.53 and $3.57, respectively. |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
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Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 608919577
CUSIP 60934N625
CUSIP 608919429
CUSIP 60934N617
CUSIP 608919593
CUSIP 608919585
CUSIP 60934N591
CUSIP 608919619
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Share Class | Ticker | Wealth | PCOXX |
Federated Hermes Prime Cash Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
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Security Type | Percentage of Total Net Assets |
Commercial Paper | 36.3% |
Bank Instruments | 31.2% |
Other Repurchase Agreements and Repurchase Agreements | 18.1% |
Variable Rate Instruments | 3.0% |
Municipal Bond | 0.6% |
U.S. Treasury Securities | 0.3% |
Cash Equivalent2 | 8.5% |
Other Assets and Liabilities—Net3 | 2.0% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. With respect to this table, Commercial Paper includes commercial paper with interest rates that are fixed or that reset periodically. |
2 | Cash Equivalents include any investments in money market mutual funds. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days2 | 51.1% |
8-30 Days | 15.4% |
31-90 Days | 20.0% |
91-180 Days | 6.1% |
181 Days or more | 5.4% |
Other Assets and Liabilities—Net3 | 2.0% |
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 | Overnight securities comprised 16.52% of the Fund’s portfolio. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount or Shares | Value | ||
1 | COMMERCIAL PAPER— 36.3% | ||
Aerospace/Auto— 0.3% | |||
$ 50,000,000 | Toyota Credit De Puerto Rico Corp., (Toyota Motor Corp. SA), 0.150%, 2/7/2022 | $ 49,998,750 | |
Finance - Banking— 17.7% | |||
186,000,000 | Bank of Nova Scotia, Toronto, 0.200% - 0.300%, 6/3/2022 - 9/16/2022 | 185,787,325 | |
195,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.200% - 0.371%, 4/12/2022 - 7/5/2022 | 194,796,167 | |
55,000,000 | BPCE SA, 0.145%, 3/10/2022 | 54,991,803 | |
125,000,000 | Canadian Imperial Bank of Commerce, 0.502%, 12/1/2022 | 124,473,958 | |
100,000,000 | Canadian Imperial Holdings, Inc., 0.351%, 11/8/2022 | 99,727,778 | |
45,000,000 | Credit Industriel et Commercial, 0.130%, 2/28/2022 | 44,995,612 | |
30,000,000 | DNB Bank ASA, 0.100%, 2/8/2022 | 29,999,417 | |
54,000,000 | DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 0.065%, 2/1/2022 | 54,000,000 | |
124,500,000 | Gotham Funding Corp., (MUFG Bank Ltd. LIQ), 0.150% - 0.160%, 2/10/2022 - 3/1/2022 | 124,491,992 | |
257,500,000 | Matchpoint Finance PLC, (BNP Paribas SA LIQ), 0.110% - 0.270%, 2/4/2022 - 4/4/2022 | 257,417,706 | |
881,565,000 | Nationwide Building Society, 0.100% - 0.110%, 2/14/2022 - 2/25/2022 | 881,520,149 | |
125,000,000 | Royal Bank of Canada, 0.210% - 0.241%, 4/14/2022 - 6/21/2022 | 124,914,750 | |
65,000,000 | Royal Bank of Canada, 0.251%, 10/14/2022 | 64,884,896 | |
247,000,000 | Royal Bank of Canada, New York Branch, 0.220% - 0.402%, 3/18/2022 - 11/15/2022 | 246,476,238 | |
196,500,000 | Sumitomo Mitsui Banking Corp., 0.190% - 0.260%, 2/23/2022 - 3/15/2022 | 196,467,675 | |
369,000,000 | Toronto Dominion Bank, 0.200% - 0.251%, 4/20/2022 - 7/7/2022 | 368,754,038 | |
50,000,000 | Westpac Banking Corp. Ltd., Sydney, 0.231%, 3/11/2022 | 49,987,861 | |
TOTAL | 3,103,687,365 | ||
Finance - Commercial— 2.2% | |||
107,000,000 | Atlantic Asset Securitization LLC, 0.120% - 0.160%, 2/25/2022 - 3/9/2022 | 106,989,440 | |
105,000,000 | Bennington Stark Capital Co., LLC, (Societe Generale, Paris LIQ), 0.150% - 0.200%, 2/1/2022 - 3/4/2022 | 104,987,083 | |
20,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.150%, 3/8/2022 | 20,000,000 | |
20,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.160%, 4/6/2022 | 20,000,000 |
Principal Amount or Shares | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Finance - Commercial— continued | |||
$ 135,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 5/23/2022 | $ 135,000,000 | |
TOTAL | 386,976,523 | ||
Finance - Retail— 4.6% | |||
26,000,000 | CAFCO, LLC, 0.451%, 6/10/2022 | 25,958,075 | |
70,000,000 | Chariot Funding LLC, 0.120%, 2/10/2022 | 69,997,900 | |
50,000,000 | Old Line Funding, LLC, 0.160%, 2/3/2022 | 49,999,555 | |
50,000,000 | Old Line Funding, LLC, 0.160%, 4/7/2022 | 49,985,556 | |
58,000,000 | Old Line Funding, LLC, 0.210%, 7/29/2022 | 58,000,000 | |
20,000,000 | Old Line Funding, LLC, 0.210%, 8/2/2022 | 20,000,000 | |
50,000,000 | Old Line Funding, LLC, 0.280%, 6/27/2022 | 50,000,000 | |
267,500,000 | Sheffield Receivables Company LLC, 0.160% - 0.250%, 2/7/2022 - 3/18/2022 | 267,442,686 | |
27,500,000 | Starbird Funding Corp., 0.260%, 4/1/2022 | 27,488,282 | |
75,000,000 | Thunder Bay Funding, LLC, 0.150%, 3/1/2022 - 3/28/2022 | 74,985,625 | |
15,000,000 | Thunder Bay Funding, LLC, 0.210%, 7/29/2022 | 15,000,000 | |
50,000,000 | Thunder Bay Funding, LLC, 0.280%, 6/27/2022 | 50,000,000 | |
20,000,000 | Thunder Bay Funding, LLC, 0.290%, 4/27/2022 | 19,986,306 | |
25,000,000 | Thunder Bay Funding, LLC, 0.290%, 4/27/2022 | 24,982,882 | |
TOTAL | 803,826,867 | ||
Finance - Securities— 8.8% | |||
50,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Societe Generale, Paris COL), 0.200%, 5/18/2022 | 50,000,000 | |
90,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Societe Generale, Paris COL), 0.220%, 7/8/2022 | 90,000,000 | |
30,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Societe Generale, Paris COL), 0.280%, 6/14/2022 | 30,000,000 | |
361,000,000 | Anglesea Funding LLC, 0.160% - 0.250%, 2/1/2022 - 3/18/2022 | 360,957,871 | |
40,000,000 | Chesham Finance LLC Series VII, (Citibank N.A., New York COL), 0.180%, 2/11/2022 | 39,998,000 | |
225,000,000 | Collateralized Commercial Paper FLEX Co., LLC, 0.160% - 0.170%, 2/2/2022 - 5/12/2022 | 224,945,206 | |
507,000,000 | Collateralized Commercial Paper V Co. LLC, 0.160% - 0.361%, 2/2/2022 - 7/8/2022 | 506,786,867 | |
25,000,000 | Great Bear Funding LLC, (Bank of Nova Scotia, Toronto COL), 0.110%, 2/11/2022 | 24,999,236 | |
230,000,000 | Ridgefield Funding Company, LLC Series A, 0.150% - 0.270%, 2/4/2022 - 4/4/2022 | 229,929,250 | |
TOTAL | 1,557,616,430 |
Principal Amount or Shares | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Insurance— 1.0% | |||
$ 180,267,000 | MetLife Short Term Funding LLC, 0.110% - 0.140%, 3/11/2022 - 3/16/2022 | $ 180,239,234 | |
Sovereign— 1.7% | |||
41,439,000 | Erste Abwicklungsanstalt, 0.110%, 2/17/2022 | 41,436,974 | |
65,000,000 | Export Development Canada, 0.090% - 0.130%, 3/7/2022 - 3/15/2022 | 64,991,809 | |
195,000,000 | Nederlandse Waterschapsbank NV, 0.110% - 0.115%, 2/11/2022 - 3/4/2022 | 194,984,113 | |
TOTAL | 301,412,896 | ||
TOTAL COMMERCIAL PAPER | 6,383,758,065 | ||
CERTIFICATES OF DEPOSIT— 20.1% | |||
Finance - Banking— 20.1% | |||
100,000,000 | 2 | Bank of Montreal, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 100,000,000 |
400,000,000 | Bank of Montreal, 0.210% - 0.240%, 3/3/2022 - 7/26/2022 | 400,000,000 | |
45,000,000 | 2 | Bank of Montreal, 0.300% (Secured Overnight Financing Rate +0.250%), 2/1/2022 | 45,000,000 |
50,000,000 | 2 | Bank of Montreal, 0.350% (Secured Overnight Financing Rate +0.300%), 2/1/2022 | 50,000,000 |
150,000,000 | 2 | Bank of Nova Scotia, Toronto, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 150,000,000 |
76,000,000 | Bank of Nova Scotia, Toronto, 0.220%, 5/17/2022 | 76,000,000 | |
205,000,000 | 2 | Bank of Nova Scotia, Toronto, 0.250% (Secured Overnight Financing Rate +0.200%), 2/1/2022 | 205,000,000 |
20,000,000 | 2 | Bank of Nova Scotia, Toronto, 0.300% (Secured Overnight Financing Rate +0.250%), 2/1/2022 | 20,000,000 |
50,000,000 | 2 | Bank of Nova Scotia, Toronto, 0.300% (Secured Overnight Financing Rate +0.250%), 2/1/2022 | 50,000,000 |
75,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 75,000,000 |
100,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.250% (Secured Overnight Financing Rate +0.200%), 2/1/2022 | 100,000,000 |
150,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.250% (Secured Overnight Financing Rate +0.200%), 2/1/2022 | 150,000,000 |
25,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.260% (Secured Overnight Financing Rate +0.210%), 2/1/2022 | 25,000,000 |
131,500,000 | Canadian Imperial Bank of Commerce, 0.350%, 11/7/2022 - 11/10/2022 | 131,500,000 | |
200,000,000 | Mizuho Bank Ltd., 0.250%, 3/22/2022 - 3/23/2022 | 200,000,000 | |
350,000,000 | MUFG Bank Ltd., 0.170% - 0.180%, 2/14/2022 - 3/21/2022 | 350,000,000 | |
50,000,000 | Royal Bank of Canada, 0.210%, 3/9/2022 | 50,000,000 | |
100,000,000 | 2 | Royal Bank of Canada, New York Branch, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 100,000,000 |
Principal Amount or Shares | Value | ||
CERTIFICATES OF DEPOSIT— continued | |||
Finance - Banking— continued | |||
$ 75,000,000 | 2 | Royal Bank of Canada, New York Branch, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | $ 75,000,000 |
210,000,000 | Sumitomo Mitsui Banking Corp., 0.200% - 0.250%, 2/28/2022 - 3/28/2022 | 210,000,000 | |
629,500,000 | Sumitomo Mitsui Trust Bank Ltd., 0.150% - 0.220%, 2/2/2022 - 3/14/2022 | 629,500,000 | |
329,000,000 | Toronto Dominion Bank, 0.220% - 0.320%, 4/1/2022 - 11/23/2022 | 329,000,000 | |
TOTAL CERTIFICATES OF DEPOSIT | 3,521,000,000 | ||
TIME DEPOSITS— 11.1% | |||
Finance - Banking— 11.1% | |||
875,000,000 | ABN Amro Bank NV, 0.080%, 2/1/2022 - 2/7/2022 | 875,000,000 | |
400,000,000 | Australia & New Zealand Banking Group, Melbourne, 0.080%, 2/2/2022 | 400,000,000 | |
150,000,000 | Cooperatieve Rabobank UA, 0.060%, 2/1/2022 | 150,000,000 | |
150,000,000 | DNB Bank ASA, 0.050%, 2/1/2022 | 150,000,000 | |
380,000,000 | Mizuho Bank Ltd., 0.070%, 2/1/2022 | 380,000,000 | |
TOTAL TIME DEPOSITS | 1,955,000,000 | ||
2 | NOTES - VARIABLE— 3.0% | ||
Finance - Banking— 1.1% | |||
6,725,000 | Fiore Capital LLC, (Wells Fargo Bank, N.A. LOC), 0.150%, 2/3/2022 | 6,725,000 | |
1,075,000 | Gadsden, AL Airport Authority, Series 2004, (Wells Fargo Bank, N.A. LOC), 0.160%, 2/3/2022 | 1,075,000 | |
595,000 | Montgomery, AL IDB, (Wells Fargo Bank, N.A. LOC), 0.280%, 2/3/2022 | 595,000 | |
19,670,000 | Osprey Properties Limited Partnership, LLP & Nighthawk Properties, LLC, Series 2008, (Wells Fargo Bank, N.A. LOC), 0.100%, 2/3/2022 | 19,670,000 | |
29,435,000 | Panel Rey S.A., Series 2016, (Citibank N.A., New York LOC), 0.120%, 2/3/2022 | 29,435,000 | |
1,195,000 | Spira Millennium LLC, Series 2001, (Bank of America N.A. LOC), 0.150%, 2/3/2022 | 1,195,000 | |
40,242,481 | Taxable Tender Option Bond Trust 2021-MIZ9060TX, (Series 2021-MIZ9060TX) VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.340%, 2/1/2022 | 40,242,481 | |
30,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9070TX, (Series 2021-MIZ9070TX) VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.490%, 2/1/2022 | 30,000,000 | |
25,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9071TX, (Series 2021-MIZ9071TX) VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.490%, 2/1/2022 | 25,000,000 | |
21,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9080TX, (Series 2021-MIZ9080TX) Weekly VRDNs, (Mizuho Bank Ltd. LOC), 0.180%, 2/3/2022 | 21,000,000 |
Principal Amount or Shares | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 5,935,000 | Taxable Tender Option Bond Trust 2021-MIZ9083TX, (Series 2021-MIZ9083TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | $ 5,935,000 | |
18,290,000 | Triborough Bridge & Tunnel Authority, NY, (Taxable Series E) Weekly VRDNs, (Bank of America N.A. LOC), 0.100%, 2/3/2022 | 18,290,000 | |
TOTAL | 199,162,481 | ||
Government Agency— 1.9% | |||
5,915,000 | 1320 W Jefferson LLC, (FHLB of San Francisco LOC), 0.120%, 2/2/2022 | 5,915,000 | |
4,925,000 | Andrew Long Irrevocable Family Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 4,925,000 | |
1,700,000 | Archer 1 LLC, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 1,700,000 | |
2,100,000 | BWF Forge TL Properties Owner LLC, (FHLB of Des Moines LOC)/(FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 2,100,000 | |
1,695,000 | CMR LLC, CMR LLC Project Series 2017, (FHLB of Indianapolis LOC), 0.200%, 2/3/2022 | 1,695,000 | |
6,020,000 | Dennis Wesley Company, Inc., The Dennis Wesley Company, Inc. Project, (FHLB of Indianapolis LOC), 0.120%, 2/3/2022 | 6,020,000 | |
6,130,000 | Frank Dale Insurance Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 6,130,000 | |
8,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-A, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 8,000,000 | |
4,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-B, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 4,000,000 | |
6,740,000 | Mason Harrison Ratliff Enterprises, LLC, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 6,740,000 | |
30,200,000 | Mike P. Sturdivant, Sr. Family Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 30,200,000 | |
25,622,500 | Naples SI, LLC, (FHLB of Indianapolis LOC), 0.120%, 2/3/2022 | 25,622,500 | |
35,960,000 | Park Stanton Place LP, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 35,960,000 | |
6,650,000 | Phenix City, AL Downtown Redevelopment Authority, Series 2013-A, (FHLB of New York LOC), 0.120%, 2/3/2022 | 6,650,000 | |
21,000,000 | Pittsburg Fox Creek Associates L.P., Series 2011-A, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 21,000,000 | |
5,225,000 | Public Finance Authority, Series 2015-A Ram Eufaula Hospitality, LLC, (FHLB of New York LOC), 0.150%, 2/3/2022 | 5,225,000 | |
6,000,000 | Riverview Project, Series 2021, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 6,000,000 | |
13,650,000 | Rohnert Park 668, L.P., (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 13,650,000 | |
7,600,000 | Sandy Jacobs Irrevocable Insurance Trust, Series 2019, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 7,600,000 |
Principal Amount or Shares | Value | ||
2 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 22,065,000 | Sendra Family Irrevocable Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | $ 22,065,000 | |
11,260,000 | Shawn R. Trapuzzano Irrevocable Insurance Trust, (FHLB of Pittsburgh LOC), 0.120%, 2/3/2022 | 11,260,000 | |
4,860,000 | Spingola Insurance Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 4,860,000 | |
2,560,000 | The J.G. Aguirre Master Trust, (FHLB of Atlanta LOC), 0.120%, 2/3/2022 | 2,560,000 | |
23,765,000 | The Jacob Rosenstein Irrevocable Life Insurance Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 23,765,000 | |
4,150,000 | The Mary Jane Beauregard Irrevocable Insurance Trust of 2017, (FHLB of Dallas LOC), 0.120%, 2/2/2022 | 4,150,000 | |
4,710,000 | The Mulberry Family Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 4,710,000 | |
20,330,000 | The Murray D. Berry Trust, (FHLB of Des Moines LOC), 0.120%, 2/2/2022 | 20,330,000 | |
20,945,000 | The Ray L. Berry Trust, (FHLB of Des Moines LOC), 0.120%, 2/2/2022 | 20,945,000 | |
16,400,000 | Wingo Family Master Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 16,400,000 | |
TOTAL | 330,177,500 | ||
TOTAL NOTES - VARIABLE | 529,339,981 | ||
MUNICIPAL BOND— 0.6% | |||
Municipal— 0.6% | |||
95,700,000 | Metropolitan Transportation Authority, NY (Fully Appropriated COVID Operating Grants-Federally Taxable), (Series A) GANs, 0.777%, 11/15/2022 | 95,700,000 | |
U.S. TREASURY— 0.3% | |||
U.S. Treasury Notes— 0.3% | |||
50,000,000 | 2 | United States Treasury Floating Rate Notes, 0.224% (91-day T-Bill +0.034%), 2/1/2022 | 50,005,030 |
OTHER REPURCHASE AGREEMENTS— 17.0% | |||
Finance - Banking— 17.0% | |||
75,000,000 | BMO Capital Markets Corp., 0.20%, dated 1/31/2022, interest in a $90,000,000 collateralized loan agreement will repurchase securities provided as collateral for $90,000,500 on 2/1/2022, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $91,801,067 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
20,000,000 | BMO Capital Markets Corp., 0.30%, dated 1/31/2022, interest in a $20,000,000 collateralized loan agreement will repurchase securities provided as collateral for $20,000,167 on 2/1/2022, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and medium-term notes with a market value of $20,400,680 have been received as collateral and held with BNY Mellon as tri-party agent. | 20,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 100,000,000 | BMO Capital Markets Corp., 0.25%, dated 2/8/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,255,411 on 7/12/2022, in which asset-backed securities, corporate bonds, medium-term notes and Sovereign with a market value of $204,258,377 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 100,000,000 | |
47,000,000 | BNP Paribas S.A. 0.15%, dated 1/31/2022, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,000,625 on 2/1/2022, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and Sovereign with a market value of $153,048,760 have been received as collateral and held with BNY Mellon as tri-party agent. | 47,000,000 | |
25,000,000 | Citigroup Global Markets, Inc., 0.40%, dated 9/7/2021, interest in a $25,000,000 collateralized loan agreement will repurchase securities provided as collateral for $25,050,278 on 3/7/2022, in which Sovereign with a market value of $25,508,670 have been received as collateral and held with BNY Mellon as tri-party agent. | 25,000,000 | |
50,000,000 | Citigroup Global Markets, Inc., 0.45%, dated 9/7/2021, interest in a $50,000,000 collateralized loan agreement will repurchase securities provided as collateral for $50,113,125 on 3/7/2022, in which asset-backed securities, collateralized mortgage obligations and Sovereign with a market value of $51,018,488 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 | |
75,000,000 | Credit Agricole S.A., 0.12%, dated 1/27/2022, interest in a $75,000,000 collateralized loan agreement will repurchase securities provided as collateral for $75,001,750 on 2/3/2022, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes, Sovereign and treasury bills with a market value of $76,501,367 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
135,000,000 | Credit Agricole S.A., 0.22%, dated 1/12/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,012,833 on 2/9/2022, in which asset-backed securities, collateralized mortgage obligations, commercial paper, corporate bonds, medium-term notes and Sovereign with a market value of $306,001,870 have been received as collateral and held with BNY Mellon as tri-party agent. | 135,000,000 | |
320,000,000 | Credit Agricole S.A., 0.13%, dated 12/20/2021, interest in a $535,000,000 collateralized loan agreement will repurchase securities provided as collateral for $535,013,524 on 2/9/2022, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and Sovereign with a market value of $545,746,058 have been received as collateral and held with BNY Mellon as tri-party agent. | 320,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 125,000,000 | Credit Suisse Securities (USA) LLC, 0.20%, dated 1/25/2022, interest in a $125,000,000 collateralized loan agreement will repurchase securities provided as collateral for $125,004,861 on 2/1/2022, in which asset-backed securities and collateralized mortgage obligations with a market value of $127,504,959 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 125,000,000 | |
30,000,000 | HSBC Securities (USA), Inc., 0.17%, dated 1/31/2022, interest in a $30,000,000 collateralized loan agreement will repurchase securities provided as collateral for $30,000,142 on 2/1/2022, in which corporate bonds and Sovereign with a market value of $30,600,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 30,000,000 | |
25,000,000 | HSBC Securities (USA), Inc., 0.17%, dated 1/31/2022, interest in a $25,000,000 collateralized loan agreement will repurchase securities provided as collateral for $25,000,118 on 2/1/2022, in which asset-backed securities, corporate bonds, medium-term notes and Sovereign with a market value of $25,500,085 have been received as collateral and held with BNY Mellon as tri-party agent. | 25,000,000 | |
160,000,000 | J.P. Morgan Securities LLC, 0.32%, dated 1/12/2022, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,073,333 on 2/14/2022, in which corporate bonds with a market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 160,000,000 | |
75,000,000 | Mizuho Securities USA, Inc., 0.27%, dated 1/31/2022, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,001,125 on 2/1/2022, in which common stocks with a market value of $153,004,640 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
100,000,000 | Mizuho Securities USA, Inc., 0.42%, dated 9/1/2021, interest in a $110,000,000 collateralized loan agreement will repurchase securities provided as collateral for $110,039,783 on 2/3/2022, in which asset-backed securities with a market value of $112,237,962 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
225,000,000 | Mitsubishi UFG Securities Americas, Inc., 0.22%, dated 1/31/2022, interest in a $550,000,000 collateralized loan agreement will repurchase securities provided as collateral for $550,003,361 on 2/1/2022, in which American depositary receipts, common stocks, convertible bonds, exchange traded funds and unit investment trust with a market value of $561,013,715 have been received as collateral and held with BNY Mellon as tri-party agent. | 225,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 200,000,000 | Pershing LLC, 0.32%, dated 12/22/2021, interest in a $400,000,000 collateralized loan agreement will repurchase securities provided as collateral for $400,024,889 on 2/9/2022, in which asset-backed securities, commercial paper, common stocks, corporate bonds, exchange-traded funds, medium-term notes and municipal bonds with a market value of $408,004,304 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 200,000,000 | |
320,000,000 | Societe Generale, Paris, 0.22%, dated 1/31/2022, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,003,972 on 2/1/2022, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign securities with a market value of $663,016,207 have been received as collateral and held with BNY Mellon as tri-party agent. | 320,000,000 | |
225,000,000 | Societe Generale, Paris, 0.13%, dated 1/31/2022, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,001,264 on 2/1/2022, in which asset-backed securities, corporate bonds, medium-term notes and sovereign securities with a market value of $357,005,217 have been received as collateral and held with BNY Mellon as tri-party agent. | 225,000,000 | |
50,000,000 | Standard Chartered Bank, 0.16%, dated 1/31/2022, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,000,444 on 2/1/2022, in which U.S. Treasury bonds with a market value of $102,000,551 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 | |
120,000,000 | Wells Fargo Securities LLC, 0.73%, dated 1/27/2022, interest in a $120,000,000 collateralized loan agreement will repurchase securities provided as collateral for $120,216,567 on 4/26/2022 in which convertible bonds with a market value of $122,412,749 have been received as collateral and held with BNY Mellon as tri-party agent. | 120,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 0.66%, dated 5/20/2020, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,074,250 on 2/3/2022 in which Exchange traded funds and Common stocks with a market value of $178,518,500 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 0.57%, dated 1/28/2022, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,066,500 on 2/25/2022 in which American depositary receipts, exchange traded funds and unit investment trust with a market value of $153,009,728 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 175,000,000 | Wells Fargo Securities LLC, 0.73%, dated 4/27/2021, interest in a $175,000,000 collateralized loan agreement will repurchase securities provided as collateral for $175,319,375 on 4/27/2022 in which American depositary receipts, exchange traded funds and unit investment trust with a market value of $178,518,500 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 175,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS | 2,977,000,000 | ||
REPURCHASE AGREEMENT— 1.1% | |||
Finance - Banking— 1.1% | |||
200,000,000 | Interest in $3,000,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $3,000,004,583 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 10/1/2051 and the market value of those underlying securities was $3,060,315,432. | 200,000,000 | |
INVESTMENT COMPANIES— 8.5% | |||
1,000,000,000 | Federated Hermes Institutional Money Market Management, Institutional Shares, 0.03%3 | 999,713,001 | |
500,267,549 | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 0.06%3 | 500,267,526 | |
TOTAL INVESTMENT COMPANIES | 1,499,980,527 | ||
TOTAL INVESTMENT IN SECURITIES—98.0% (AT AMORTIZED COST)4 | 17,211,783,603 | ||
OTHER ASSETS AND LIABILITIES - NET—2.0%5 | 355,781,525 | ||
TOTAL NET ASSETS—100% | $17,567,565,128 |
Federated Hermes Institutional Money Market Management, Institutional Shares | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares | Total of Affiliated Transactions | |
Value as of 7/31/2021 | $999,713,001 | $500,267,526 | $1,499,980,527 |
Purchases at Cost | $— | $— | $— |
Proceeds from Sales | $— | $— | $— |
Change in Unrealized Appreciation/ Depreciation | N/A | $— | N/A |
Net Realized Gain/(Loss) | N/A | $— | N/A |
Value as of 1/31/2022 | $999,713,001 | $500,267,526 | $1,499,980,527 |
Shares Held as of 1/31/2022 | 1,000,000,000 | 500,267,549 | 1,500,267,549 |
Dividend Income | $77,711 | $79,800 | $157,511 |
1 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
3 | 7-day net yield. |
4 | Also represents cost of investments for federal tax purposes. |
5 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following is a summary of the inputs used, as of January 31, 2022, in valuing the Fund’s assets carried at fair value:
Valuation Inputs | ||||
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Total | |
Debt Securities: | ||||
Commercial Paper | $— | $6,383,758,065 | $— | $6,383,758,065 |
Certificates of Deposit | — | 3,521,000,000 | — | 3,521,000,000 |
Time Deposits | — | 1,955,000,000 | — | 1,955,000,000 |
Notes - Variable | — | 529,339,981 | — | 529,339,981 |
Municipal Bond | — | 95,700,000 | — | 95,700,000 |
U.S. Treasury | — | 50,005,030 | — | 50,005,030 |
Other Repurchase Agreements | — | 2,977,000,000 | — | 2,977,000,000 |
Repurchase Agreements | — | 200,000,000 | — | 200,000,000 |
Investment Company | 1,499,980,527 | — | — | 1,499,980,527 |
TOTAL SECURITIES | $1,499,980,527 | $15,711,803,076 | $— | $17,211,783,603 |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
FHLB | —Federal Home Loan Bank | |
GANs | —Grant Anticipation Notes | |
GTD | —Guaranteed | |
IDB | —Industrial Development Bond | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.013 | 0.023 | 0.015 | 0.008 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.0001 | 0.013 | 0.023 | 0.015 | 0.008 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.013) | (0.023) | (0.015) | (0.008) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.000)1 | (0.000)1 | (0.013) | (0.023) | (0.015) | (0.008) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.01% | 0.04% | 1.33% | 2.36% | 1.53% | 0.75% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.17%4 | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% |
Net investment income | 0.00%4, 5 | 0.04% | 1.33% | 2.36% | 1.56% | 0.71% |
Expense waiver/ reimbursement6 | 0.14%4 | 0.10% | 0.10% | 0.10% | 0.13% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $9,932,818 | $11,788,470 | $18,814,127 | $16,862,096 | $5,770,600 | $2,868,583 |
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 | Represents less than 0.01%. |
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. |
January 31, 2022 (unaudited)
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $3,177,000,000 |
Investment in securities, including $1,499,980,527 of investment in affiliated holdings* | 14,034,783,603 |
Investment in securities, at amortized cost and fair value | 17,211,783,603 |
Cash | 361,421,679 |
Income receivable | 2,793,362 |
Income receivable from affiliated holdings | 47,141 |
Receivable for shares sold | 8,915,163 |
Total Assets | 17,584,960,948 |
Liabilities: | |
Payable for shares redeemed | 15,826,587 |
Income distribution payable | 10,294 |
Payable for investment adviser fee (Note 4) | 36,775 |
Payable for administrative fee (Note 4) | 37,652 |
Payable for custodian fees | 260,674 |
Payable for transfer agent fees (Note 2) | 443,391 |
Payable for other service fees (Notes 2 and 4) | 181,569 |
Accrued expenses (Note 4) | 598,878 |
Total Liabilities | 17,395,820 |
Net assets for 17,567,492,109 shares outstanding | $17,567,565,128 |
Net Assets Consist of: | |
Paid-in capital | $17,567,483,293 |
Total distributable earnings (loss) | 81,835 |
Total Net Assets | $17,567,565,128 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Automated Shares: | |
$1,676,957,615 ÷ 1,676,950,655 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Class R Shares: | |
$40,331,183 ÷ 40,331,016 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Wealth Shares: | |
$9,932,817,655 ÷ 9,932,776,331 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Advisor Shares: | |
$163,420,632 ÷ 163,419,951 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$1,434,425,309 ÷ 1,434,419,355 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$1,287,790,391 ÷ 1,287,785,043 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$37,512,413 ÷ 37,512,258 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Capital Shares: | |
$321,182,816 ÷ 321,181,482 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Trust Shares: | |
$2,673,127,114 ÷ 2,673,116,018 shares outstanding, no par value, unlimited shares authorized | $1.00 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended January 31, 2022 (unaudited)
Investment Income: | |
Interest | $15,388,584 |
Dividends received from affiliated holdings* | 157,511 |
TOTAL INCOME | 15,546,095 |
Expenses: | |
Investment adviser fee (Note 4) | 18,310,659 |
Administrative fee (Note 4) | 7,158,798 |
Custodian fees | 313,899 |
Transfer agent fees (Note 2) | 3,159,280 |
Directors’/Trustees’ fees (Note 4) | 52,172 |
Auditing fees | 11,878 |
Legal fees | 4,757 |
Portfolio accounting fees | 140,830 |
Distribution services fee (Note 4) | 5,844,074 |
Other service fees (Notes 2 and 4) | 8,904,765 |
Share registration costs | 146,082 |
Printing and postage | 220,748 |
Miscellaneous (Note 4) | 107,686 |
TOTAL EXPENSES | 44,375,628 |
Waivers and Reimbursements: | |
Waiver/reimbursement of investment adviser fee (Note 4) | (13,757,068) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (16,000,520) |
TOTAL WAIVERS AND REIMBURSEMENTS | (29,757,588) |
Net expenses | 14,618,040 |
Net investment income | 928,055 |
Net realized gain on investments | 70,262 |
Change in net assets resulting from operations | $998,317 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended 7/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $928,055 | $7,423,269 |
Net realized gain (loss) | 70,262 | 11,556 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 998,317 | 7,434,825 |
Distributions to Shareholders: | ||
Automated Shares | (69,529) | (137,765) |
Class R Shares | (1,840) | (3,974) |
Wealth Shares | (549,319) | (6,432,149) |
Advisor Shares | (9,168) | (127,699) |
Service Shares | (80,770) | (233,300) |
Cash II Shares | (66,450) | (125,177) |
Cash Series Shares | (2,089) | (3,927) |
Capital Shares | (16,221) | (50,973) |
Trust Shares | (138,013) | (349,121) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (933,399) | (7,464,085) |
Share Transactions: | ||
Proceeds from sale of shares | 5,777,191,373 | 15,284,485,959 |
Net asset value of shares issued to shareholders in payment of distributions declared | 870,356 | 6,952,724 |
Cost of shares redeemed | (7,290,185,607) | (25,445,666,626) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (1,512,123,878) | (10,154,227,943) |
Change in net assets | (1,512,058,960) | (10,154,257,203) |
Net Assets: | ||
Beginning of period | 19,079,624,088 | 29,233,881,291 |
End of period | $17,567,565,128 | $19,079,624,088 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $699,938 | $— | $(556,931) |
Class R Shares | 45,237 | — | (41,245) |
Wealth Shares | 1,126,506 | (53) | — |
Advisor Shares | 18,556 | — | — |
Service Shares | 163,451 | — | (25) |
Cash II Shares | 767,722 | (11,978) | (620,730) |
Cash Series Shares | 24,949 | (1,377) | (19,339) |
Capital Shares | 32,864 | — | — |
Trust Shares | 280,057 | (3) | — |
TOTAL | $3,159,280 | $(13,411) | $(1,238,270) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $1,713,902 | $— | $(1,713,902) |
Class R Shares | 46,295 | — | (46,295) |
Service Shares | 1,957,784 | — | (1,957,784) |
Cash II Shares | 1,618,778 | — | (1,618,778) |
Cash Series Shares | 50,805 | — | (50,805) |
Capital Shares | 157,705 | (134) | (157,571) |
Trust Shares | 3,359,496 | — | (3,359,496) |
TOTAL | $8,904,765 | $(134) | $(8,904,631) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Automated Shares: | Shares | Amount | Shares | Amount |
Shares sold | 1,076,332,927 | $1,076,332,927 | 1,092,892,574 | $1,092,892,574 |
Shares issued to shareholders in payment of distributions declared | 69,298 | 69,298 | 135,800 | 135,800 |
Shares redeemed | (434,280,789) | (434,280,789) | (1,661,611,602) | (1,661,611,602) |
NET CHANGE RESULTING FROM AUTOMATED SHARE TRANSACTIONS | 642,121,436 | $642,121,436 | (568,583,228) | $(568,583,228) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Class R Shares: | Shares | Amount | Shares | Amount |
Shares sold | 9,328,446 | $9,328,446 | 25,037,245 | $25,037,245 |
Shares issued to shareholders in payment of distributions declared | 1,829 | 1,829 | 3,927 | 3,927 |
Shares redeemed | (7,760,948) | (7,760,948) | (34,894,798) | (34,894,798) |
NET CHANGE RESULTING FROM CLASS R SHARE TRANSACTIONS | 1,569,327 | $1,569,327 | (9,853,626) | $(9,853,626) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Wealth Shares: | Shares | Amount | Shares | Amount |
Shares sold | 3,054,742,509 | $3,054,742,509 | 8,603,643,868 | $8,603,643,868 |
Shares issued to shareholders in payment of distributions declared | 495,622 | 495,622 | 5,940,168 | 5,940,168 |
Shares redeemed | (4,910,926,463) | (4,910,926,463) | (15,635,221,953) | (15,635,221,953) |
NET CHANGE RESULTING FROM WEALTH SHARE TRANSACTIONS | (1,855,688,332) | $(1,855,688,332) | (7,025,637,917) | $(7,025,637,917) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Advisor Shares: | Shares | Amount | Shares | Amount |
Shares sold | 46,791,875 | $46,791,875 | 170,408,084 | $170,408,084 |
Shares issued to shareholders in payment of distributions declared | 9,168 | 9,168 | 127,699 | 127,699 |
Shares redeemed | (71,302,197) | (71,302,197) | (358,892,162) | (358,892,162) |
NET CHANGE RESULTING FROM ADVISOR SHARE TRANSACTIONS | (24,501,154) | $(24,501,154) | (188,356,379) | $(188,356,379) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 543,676,495 | $543,676,495 | 1,287,654,602 | $1,287,654,602 |
Shares issued to shareholders in payment of distributions declared | 74,170 | 74,170 | 220,581 | 220,581 |
Shares redeemed | (820,691,190) | (820,691,190) | (2,592,784,162) | (2,592,784,162) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (276,940,525) | $(276,940,525) | (1,304,908,979) | $(1,304,908,979) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 355,073,064 | $355,073,064 | 1,494,273,060 | $1,494,273,060 |
Shares issued to shareholders in payment of distributions declared | 65,704 | 65,704 | 124,526 | 124,526 |
Shares redeemed | (343,286,146) | (343,286,146) | (1,343,714,244) | (1,343,714,244) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | 11,852,622 | $11,852,622 | 150,683,342 | $150,683,342 |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 18,989,601 | $18,989,601 | 60,002,729 | $60,002,729 |
Shares issued to shareholders in payment of distributions declared | 2,066 | 2,066 | 3,891 | 3,891 |
Shares redeemed | (23,555,822) | (23,555,822) | (51,194,705) | (51,194,705) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | (4,564,155) | $(4,564,155) | 8,811,915 | $8,811,915 |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 110,393,851 | $110,393,851 | 286,065,142 | $286,065,142 |
Shares issued to shareholders in payment of distributions declared | 14,496 | 14,496 | 47,159 | 47,159 |
Shares redeemed | (118,505,289) | (118,505,289) | (505,540,753) | (505,540,753) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (8,096,942) | $(8,096,942) | (219,428,452) | $(219,428,452) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Trust Shares: | Shares | Amount | Shares | Amount |
Shares sold | 561,862,605 | $561,862,605 | 2,264,508,655 | $2,264,508,655 |
Shares issued to shareholders in payment of distributions declared | 138,003 | 138,003 | 348,973 | 348,973 |
Shares redeemed | (559,876,763) | (559,876,763) | (3,261,812,247) | (3,261,812,247) |
NET CHANGE RESULTING FROM TRUST SHARE TRANSACTIONS | 2,123,845 | $2,123,845 | (996,954,619) | $(996,954,619) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (1,512,123,878) | $(1,512,123,878) | (10,154,227,943) | $(10,154,227,943) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Class R Shares | 0.50% |
Cash II Shares | 0.35% |
Cash Series Shares | 0.60% |
Trust Shares | 0.25% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Class R Shares | $95,775 | $(95,775) |
Cash II Shares | 2,266,871 | (2,266,871) |
Cash Series Shares | 121,931 | (121,931) |
Trust Shares | 3,359,497 | (3,359,497) |
TOTAL | $5,844,074 | $(5,844,074) |
Beginning Account Value 8/1/2021 | Ending Account Value 1/31/2022 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,000.10 | $0.862 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,024.35 | $0.872 |
1 | Expenses are equal to the Fund’s annualized net expense ratios of 0.17%, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Wealth Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
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Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
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Share Class | Ticker | Institutional | POIXX | Service | PRSXX | Capital | POPXX |
Federated Hermes Institutional Prime Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
![](https://capedge.com/proxy/N-CSRS/0001623632-22-000438/donahuechrissigsmall.jpg)
The Share Price will fluctuate. It is possible to lose money by investing in the Fund.
Security Type | Percentage of Total Net Assets |
Commercial Paper | 39.0% |
Other Repurchase Agreements and Repurchase Agreements | 27.5% |
Bank Instruments | 24.6% |
Variable Rate Instruments | 8.2% |
Municipal Bond | 0.5% |
U.S. Treasury Securities | 0.4% |
Other Assets and Liabilities—Net2 | (0.2)% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days2 | 51.1% |
8-30 Days | 13.1% |
31-90 Days | 22.7% |
91-180 Days | 7.6% |
181 Days or more | 5.7% |
Other Assets and Liabilities—Net3 | (0.2)% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Overnight securities comprised 26.9% of the Fund’s portfolio. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— 39.0% | ||
Finance - Banking— 21.2% | |||
$225,000,000 | Bank of Nova Scotia, Toronto, 0.200% - 0.300%, 6/3/2022 - 9/29/2022 | $ 224,133,576 | |
115,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.200% - 0.371%, 4/27/2022 - 7/5/2022 | 114,869,992 | |
75,000,000 | BPCE SA, 0.145%, 3/10/2022 | 74,988,823 | |
64,000,000 | Canadian Imperial Bank of Commerce, 0.503%, 12/1/2022 | 63,521,707 | |
50,000,000 | Canadian Imperial Holdings, Inc., 0.351%, 11/8/2022 | 49,671,776 | |
80,000,000 | Commonwealth Bank of Australia, 0.160%, 4/7/2022 | 79,978,880 | |
20,000,000 | DNB Bank ASA, 0.100%, 2/8/2022 | 19,999,611 | |
50,000,000 | DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 0.065%, 2/1/2022 | 50,000,000 | |
85,000,000 | Gotham Funding Corp., (MUFG Bank Ltd. LIQ), 0.160%, 2/10/2022 | 84,996,600 | |
191,000,000 | Matchpoint Finance PLC, (BNP Paribas SA LIQ), 0.200% - 0.270%, 2/24/2022 - 4/4/2022 | 190,943,051 | |
607,000,000 | Nationwide Building Society, 0.100% - 0.105%, 2/14/2022 - 2/22/2022 | 606,971,753 | |
70,000,000 | Royal Bank of Canada, 0.210% - 0.241%, 4/14/2022 - 7/7/2022 | 69,908,184 | |
120,000,000 | Royal Bank of Canada, 0.251% - 0.341%, 10/14/2022 - 11/1/2022 | 119,313,684 | |
80,000,000 | Royal Bank of Canada, New York Branch, 0.371% - 0.402%, 11/9/2022 - 11/15/2022 | 79,486,541 | |
80,250,000 | Sumitomo Mitsui Banking Corp., 0.200% - 0.205%, 3/2/2022 - 3/3/2022 | 80,236,777 | |
440,000,000 | Toronto Dominion Bank, 0.200% - 0.251%, 4/20/2022 - 7/7/2022 | 439,661,156 | |
130,000,000 | Westpac Banking Corp. Ltd., Sydney, 0.231% - 0.241%, 3/11/2022 - 3/24/2022 | 129,958,717 | |
TOTAL | 2,478,640,828 | ||
Finance - Commercial— 5.3% | |||
147,500,000 | Atlantic Asset Securitization LLC, 0.120% - 0.160%, 2/16/2022 - 3/10/2022 | 147,483,403 | |
95,787,000 | Bennington Stark Capital Co., LLC, (Societe Generale, Paris LIQ), 0.150%, 3/4/2022 | 95,774,627 | |
80,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.150%, 3/8/2022 | 80,000,000 | |
20,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.160%, 4/6/2022 | 20,000,000 | |
140,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 5/23/2022 | 140,000,000 | |
139,724,000 | Ridgefield Funding Company, LLC Series A, 0.150% - 0.270%, 2/4/2022 - 4/4/2022 | 139,681,604 | |
TOTAL | 622,939,634 |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Finance - Retail— 3.6% | |||
$ 20,000,000 | CAFCO, LLC, 0.451%, 6/10/2022 | $ 19,975,950 | |
75,000,000 | Chariot Funding LLC, 0.120%, 2/10/2022 | 74,997,750 | |
25,000,000 | Fairway Finance Co. LLC, 0.150%, 3/2/2022 | 24,996,979 | |
25,000,000 | Old Line Funding, LLC, 0.160%, 2/3/2022 | 24,999,778 | |
50,000,000 | Old Line Funding, LLC, 0.160%, 4/7/2022 | 49,979,284 | |
13,000,000 | Old Line Funding, LLC, 0.280%, 6/27/2022 | 13,003,926 | |
122,000,000 | Sheffield Receivables Co., LLC, 0.160% - 0.240%, 2/7/2022 - 3/18/2022 | 121,976,208 | |
17,500,000 | Starbird Funding Corp., 0.260%, 4/1/2022 | 17,492,543 | |
50,000,000 | Thunder Bay Funding, LLC, 0.160%, 3/14/2022 | 49,990,889 | |
25,000,000 | Thunder Bay Funding, LLC, 0.290%, 4/27/2022 | 24,983,935 | |
TOTAL | 422,397,242 | ||
Finance - Securities— 6.8% | |||
40,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Societe Generale, Paris COL), 0.200%, 5/18/2022 | 40,000,000 | |
8,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Societe Generale, Paris COL), 0.220%, 7/8/2022 | 8,000,000 | |
250,000,000 | Anglesea Funding LLC, 0.160% - 0.200%, 2/1/2022 - 3/18/2022 | 249,985,097 | |
45,000,000 | Collateralized Commercial Paper FLEX Co., LLC, 0.160% - 0.160%, 2/2/2022 - 3/1/2022 | 44,997,400 | |
415,000,000 | Collateralized Commercial Paper V Co. LLC, 0.170% - 0.361%, 3/2/2022 - 7/8/2022 | 414,661,665 | |
33,000,000 | Great Bear Funding LLC, (Bank of Nova Scotia, Toronto COL), 0.110%, 2/11/2022 | 32,998,992 | |
TOTAL | 790,643,154 | ||
Insurance— 0.9% | |||
110,000,000 | MetLife Short Term Funding LLC, 0.140% - 0.140%, 3/15/2022 - 3/16/2022 | 109,981,800 | |
Sovereign— 1.2% | |||
41,500,000 | Erste Abwicklungsanstalt, 0.110%, 2/17/2022 | 41,497,971 | |
20,000,000 | Export Development Canada, (Canada, Government of SUB), 0.090%, 3/7/2022 | 19,998,300 | |
75,000,000 | Nederlandse Waterschapsbank NV, 0.110% - 0.115%, 2/11/2022 - 3/4/2022 | 74,994,284 | |
TOTAL | 136,490,555 | ||
TOTAL COMMERCIAL PAPER (IDENTIFIED COST $4,562,896,287) | 4,561,093,213 | ||
CERTIFICATES OF DEPOSIT— 14.1% | |||
Finance - Banking— 14.1% | |||
104,000,000 | 2 | Bank of Montreal, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 103,962,065 |
Principal Amount | Value | ||
CERTIFICATES OF DEPOSIT— continued | |||
Finance - Banking— continued | |||
$400,000,000 | Bank of Montreal, 0.210% - 0.240%, 3/3/2022 - 7/26/2022 | $ 399,879,268 | |
100,000,000 | 2 | Bank of Nova Scotia, Toronto, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 99,961,084 |
50,000,000 | 2 | Bank of Nova Scotia, Toronto, 0.300% (Secured Overnight Financing Rate +0.250%), 2/1/2022 | 49,992,506 |
50,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.250% (Secured Overnight Financing Rate +0.200%), 2/1/2022 | 50,020,159 |
25,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.260% (Secured Overnight Financing Rate +0.210%), 2/1/2022 | 24,995,573 |
80,000,000 | Mizuho Bank Ltd., 0.250%, 3/22/2022 - 3/23/2022 | 80,000,000 | |
181,000,000 | MUFG Bank Ltd., 0.170% - 0.180%, 2/18/2022 - 3/21/2022 | 181,000,000 | |
50,000,000 | Royal Bank of Canada, 0.210%, 3/9/2022 | 50,000,000 | |
236,000,000 | Sumitomo Mitsui Banking Corp., 0.200% - 0.250%, 2/28/2022 - 3/28/2022 | 236,000,000 | |
194,000,000 | Sumitomo Mitsui Trust Bank Ltd., 0.150% - 0.220%, 2/2/2022 - 3/14/2022 | 194,000,000 | |
175,000,000 | Toronto Dominion Bank, 0.220% - 0.320%, 4/1/2022 - 11/23/2022 | 174,614,175 | |
TOTAL CERTIFICATES OF DEPOSIT (IDENTIFIED COST $1,645,000,000) | 1,644,424,830 | ||
TIME DEPOSITS— 10.5% | |||
Finance - Banking— 10.5% | |||
580,000,000 | ABN Amro Bank NV, 0.080%, 2/1/2022 - 2/3/2022 | 580,000,000 | |
500,000,000 | Australia & New Zealand Banking Group, Melbourne, 0.070%, 2/1/2022 | 500,000,000 | |
145,000,000 | Mizuho Bank Ltd., 0.070%, 2/1/2022 | 145,000,000 | |
TOTAL TIME DEPOSITS (IDENTIFIED COST $1,225,000,000) | 1,225,000,000 | ||
2 | NOTES - VARIABLE— 8.2% | ||
Finance - Banking— 5.5% | |||
28,500,000 | Calhoun County, TX Navigation District Environmental Facilities (Formosa Plastic Corp.), (Series 2006) Weekly VRDNs, (Bank of America N.A. LOC), 0.080%, 2/3/2022 | 28,500,000 | |
4,025,000 | Centra State Medical Arts Building LLC, (TD Bank, N.A. LOC), 0.120%, 2/2/2022 | 4,025,000 | |
31,000,000 | Clark County, NV Airport System, Subordinate Lien Revenue Bonds (Series 2008 C-2) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 0.090%, 2/2/2022 | 31,000,000 | |
16,700,000 | Greene County Development Authority, Reynolds Lodge, LLC Series 2000B, (U.S. Bank, N.A. LOC), 0.080%, 2/2/2022 | 16,700,000 | |
3,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project 2013A, (Bank of America N.A. LOC), 0.120%, 2/3/2022 | 3,000,000 | |
7,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project, (Bank of America N.A. LOC), 0.120%, 2/3/2022 | 7,000,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 7,595,000 | Gulf Gate Apartments LLC, Series 2003, (Wells Fargo Bank, N.A. LOC), 0.100%, 2/3/2022 | $ 7,595,000 | |
12,865,000 | Hamilton Station Park and Ride, Series 2005, (Wells Fargo Bank, N.A. LOC), 0.100%, 2/3/2022 | 12,865,000 | |
14,500,000 | JEA, FL Electric System, (Series Three 2008B-2: Senior Revenue Bonds) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.070%, 2/2/2022 | 14,500,000 | |
15,365,000 | Los Angeles County Fair Association, (Wells Fargo Bank, N.A. LOC), 0.100%, 2/2/2022 | 15,365,000 | |
9,000,000 | Michael Dennis Sullivan Irrevocable Trust, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/3/2022 | 9,000,000 | |
34,000,000 | Nuveen Floating Rate Income Fund, (Series A), (Sumitomo Mitsui Banking Corp. LOC), 0.210%, 2/3/2022 | 34,000,000 | |
3,775,000 | Public Building Corp. Springfield, MO, Jordan Valley Ice Park, Series 2003, (U.S. Bank, N.A. LOC), 0.170%, 2/3/2022 | 3,775,000 | |
152,500,000 | Royal Bank of Canada, New York Branch, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 152,446,468 | |
18,965,000 | Salem Green, LLP, Salem Green Apartments Project, Series 2010, (Wells Fargo Bank, N.A. LOC), 0.100%, 2/3/2022 | 18,965,000 | |
20,000,000 | SSAB AB (publ), Series 2015-B, (Nordea Bank Abp LOC), 0.120%, 2/3/2022 | 20,000,000 | |
68,236,712 | Taxable Tender Option Bond Trust 2021-MIZ9060TX, (Series 2021-MIZ9060TX) VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.340%, 2/1/2022 | 68,236,712 | |
30,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9070TX, (Series 2021-MIZ9070TX) VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.490%, 2/1/2022 | 30,000,000 | |
25,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9071TX, (Series 2021-MIZ9071TX) VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.490%, 2/1/2022 | 25,000,000 | |
12,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9074TX, (Series 2021-MIZ-9074TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 12,000,000 | |
10,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9075TX, (Series MIZ-9075TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 10,000,000 | |
4,680,000 | Taxable Tender Option Bond Trust 2021-MIZ9077TX, (Series 2021-MIZ9077TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 4,680,000 | |
3,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9078TX, (Series 2021-MIZ9078TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 3,000,000 | |
21,100,000 | Taxable Tender Option Bond Trust 2021-MIZ9081TX, (Series 2021-MIZ9081TX) Weekly VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.180%, 2/3/2022 | 21,100,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 13,200,000 | Taxable Tender Option Bond Trust 2021-MIZ9082TX, (Series 2021-MIZ9082TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | $ 13,200,000 | |
5,935,000 | Taxable Tender Option Bond Trust 2021-MIZ9083TX, (Series 2021-MIZ9083TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 5,935,000 | |
68,300,000 | Triborough Bridge & Tunnel Authority, NY, (Taxable Series E) Weekly VRDNs, (Bank of America N.A. LOC), 0.100%, 2/3/2022 | 68,300,000 | |
3,600,000 | Village Green Finance Co. LLC, (Series 1997), (Wells Fargo Bank, N.A. LOC), 0.100%, 2/2/2022 | 3,600,000 | |
6,085,000 | Yeshivas Novominsk, Series 2008, (TD Bank, N.A. LOC), 0.190%, 2/3/2022 | 6,085,000 | |
TOTAL | 649,873,180 | ||
Government Agency— 2.7% | |||
5,285,000 | 1320 W Jefferson LLC, (FHLB of San Francisco LOC), 0.120%, 2/2/2022 | 5,285,000 | |
42,450,000 | Archer 1 LLC, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 42,450,000 | |
9,015,000 | Austen Children’s Gift Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 9,015,000 | |
6,830,000 | Baker Life Insurance Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 6,830,000 | |
29,850,000 | BWF Forge TL Properties Owner LLC, (FHLB of Des Moines LOC)/(FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 29,850,000 | |
5,705,000 | Catania Family Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 5,705,000 | |
5,485,000 | Herman & Kittle Capital, LLC, Canterbury House Apartments- Lebanon Project Series 2005, (FHLB of Cincinnati LOC), 0.120%, 2/3/2022 | 5,485,000 | |
32,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-A, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 32,000,000 | |
16,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-B, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 16,000,000 | |
4,270,000 | Jim Brooks Irrevocable Trust, (FHLB of Dallas LOC), 0.110%, 2/3/2022 | 4,270,000 | |
11,570,000 | Joseph L. Goggins Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 11,570,000 | |
3,655,000 | Karyn Brooks Descendants Trust, (FHLB of Dallas LOC), 0.110%, 2/3/2022 | 3,655,000 | |
6,380,000 | MHF DKF Insurance Trust, (FHLB of Dallas LOC), 0.120%, 2/2/2022 | 6,380,000 | |
17,030,000 | Mohr Green Associates L.P., 2012-A, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 17,030,000 | |
22,610,000 | NWD 2017 Family Trust No. 1, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 22,610,000 | |
19,640,000 | OSL Santa Rosa Fountaingrove LLC, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 19,640,000 | |
9,080,000 | Park Stanton Place LP, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 9,080,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 5,010,000 | R.J. Brooks Jr. Irrevocable Trust, (FHLB of Dallas LOC), 0.110%, 2/3/2022 | $ 5,010,000 | |
6,980,000 | RK Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 6,980,000 | |
6,255,000 | Sibley Family Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 6,255,000 | |
6,610,000 | The CLC Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 6,610,000 | |
5,120,000 | The Eugene Kim Irrevocable Life Insurance Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 5,120,000 | |
22,830,000 | The Gregory P. Berry Trust, (FHLB of Des Moines LOC), 0.120%, 2/2/2022 | 22,830,000 | |
5,740,000 | The Leopold Family Insurance Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 5,740,000 | |
5,975,000 | The Thompson 2018 Family Trust, (FHLB of Dallas LOC), 0.110%, 2/3/2022 | 5,975,000 | |
TOTAL | 311,375,000 | ||
TOTAL NOTES - VARIABLE (IDENTIFIED COST $961,301,713) | 961,248,180 | ||
MUNICIPAL BOND— 0.5% | |||
Municipal— 0.5% | |||
55,500,000 | Metropolitan Transportation Authority, NY (Fully Appropriated COVID Operating Grants-Federally Taxable), (Series A) GANs, 0.777%, 11/15/2022 (IDENTIFIED COST $55,500,000) | 55,504,007 | |
U.S. TREASURY— 0.4% | |||
U.S. Treasury Notes— 0.4% | |||
50,000,000 | 2 | United States Treasury Floating Rate Notes, 0.224% (91-day T-Bill +0.034%), 2/1/2022 (IDENTIFIED COST $50,005,030) | 50,048,738 |
OTHER REPURCHASE AGREEMENTS— 22.3% | |||
Finance - Banking— 22.3% | |||
100,000,000 | BMO Capital Markets Corp., 0.25%, dated 2/8/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,255,411 on 7/12/2022, in which asset-backed securities, corporate bonds, medium-term notes and Sovereign with a market value of $204,258,377 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
100,130,000 | BNP Paribas SA, 0.15%, dated 1/31/2022, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,000,625 on 2/1/2022, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term notes and Sovereign with a market value of $153,048,760 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,130,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$100,000,000 | BofA Securities, Inc. 0.69%, dated 9/4/2020, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,172,500 on 5/3/2022, in which American depositary receipts, convertible bonds, exchange-traded funds and Sovereign with a market value of $102,056,696 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 100,000,000 | |
250,000,000 | BofA Securities, Inc. 0.69%, dated 9/9/2020, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,431,250 on 5/3/2022, in which American depositary receipts, convertible bonds, exchange-traded funds and Sovereign with a market value of $255,141,738 have been received as collateral and held with BNY Mellon as tri-party agent. | 250,000,000 | |
95,000,000 | BofA Securities, Inc. 0.10%, dated 1/31/2022, interest in a $95,000,000 collateralized loan agreement will repurchase securities provided as collateral for $95,000,264 on 2/1/2022, in which commercial paper with a market value of $96,900,270 have been received as collateral and held with BNY Mellon as tri-party agent. | 95,000,000 | |
165,000,000 | Credit Agricole S.A., 0.13%, dated 12/20/2021, interest in a $535,000,000 collateralized loan agreement will repurchase securities provided as collateral for $535,013,524 on 2/9/2022, in which asset-backed securities, treasury bills, corporate bonds, collateralized mortgage obligations, commercial paper, medium-term notes, treasury notes, and sovereign debt with a market value of $545,746,058 have been received as collateral and held with BNY Mellon as tri-party agent. | 165,000,000 | |
165,000,000 | Credit Agricole S.A., 0.22%, dated 1/12/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,012,833 on 2/9/2022, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, commercial paper, medium-term notes, and sovereign debt with a market value of $306,001,870 have been received as collateral and held with BNY Mellon as tri-party agent. | 165,000,000 | |
105,000,000 | HSBC Securities (USA), Inc., 0.17%, dated 1/31/2022, interest in a $155,000,000 collateralized loan agreement will repurchase securities provided as collateral for $155,000,732 on 2/1/2022, in which corporate bonds, medium-term notes and Sovereign debt with a market value of $158,100,224 have been received as collateral and held with BNY Mellon as tri-party agent. | 105,000,000 | |
60,000,000 | HSBC Securities (USA), Inc., 0.27%, dated 1/31/2022, interest in a $80,000,000 collateralized loan agreement will repurchase securities provided as collateral for $80,000,600 on 2/1/2022, in which asset-backed securities, corporate bonds, medium-term notes and Sovereign debt with a market value of $81,600,001 have been received as collateral and held with BNY Mellon as tri-party agent. | 60,000,000 | |
49,140,000 | ING Financial Markets LLC, 0.14%, dated 1/31/2022, interest in a $50,000,000 collateralized loan agreement will repurchase securities provided as collateral for $50,000,194 on 2/1/2022, in which corporate bonds and medium-term notes with a market value of $51,000,376 have been received as collateral and held with BNY Mellon as tri-party agent. | 49,140,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 61,500,000 | J.P. Morgan Securities LLC, 0.32%, dated 1/12/2022, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,073,333 on 2/14/2022, in which corporate bonds with market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 61,500,000 | |
75,000,000 | Mizuho Securities USA, Inc., 0.27%, dated 1/31/2022, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,001,125 on 2/1/2022, in which common stocks with a market value of $153,004,640 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
100,000,000 | Mizuho Securities USA, Inc., 0.17%, dated 1/31/2022, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,000,472 on 2/1/2022, in which municipal bonds and asset-backed securities with a market value of $102,000,482 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
303,095,000 | MUFG Securities Americas, Inc., 0.22%, dated 1/31/2022, interest in a $550,000,000 collateralized loan agreement will repurchase securities provided as collateral for $550,003,361 on 2/1/2022, in which American depositary receipts, common stocks, convertible bonds, exchange-traded funds and unit investment trust with a market value of $561,013,715 have been received as collateral and held with BNY Mellon as tri-party agent. | 303,095,000 | |
185,000,000 | Pershing LLC., 0.32%, dated 12/22/2021, interest in a $400,000,000 collateralized loan agreement will repurchase securities provided as collateral for $400,024,889 on 2/9/2022, in which asset-backed securities, corporate bonds, common stocks, commercial paper, exchange-traded funds, medium-term notes and municipal bonds with a market value of $408,004,304 have been received as collateral and held with BNY Mellon as tri-party agent. | 185,000,000 | |
303,130,000 | Societe Generale, Paris 0.22%, dated 1/31/2022, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,003,972 on 2/1/2022, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term notes and sovereign debt with a market value of $663,016,207 have been received as collateral and held with BNY Mellon as tri-party agent. | 303,130,000 | |
125,000,000 | Societe Generale, Paris, 0.13%, dated 1/31/2022, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,001,264 on 2/1/2022, in which asset-backed securities, treasury bonds, corporate bonds, collateralized mortgage obligations, medium-term notes and sovereign debt with a market value of $357,005,217 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
47,130,000 | Standard Chartered Bank, 0.16%, dated 1/31/2022, interest in a $100,000,444 collateralized loan agreement will repurchase securities provided as collateral for $100,000,444 on 2/1/2022, in which treasury bonds with a market value of $102,000,551 have been received as collateral and held with BNY Mellon as tri-party agent. | 47,130,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 70,000,000 | Wells Fargo Securities LLC, 0.73%, dated 1/27/2022, interest in a $70,000,000 collateralized loan agreement will repurchase securities provided as collateral for $70,126,331 on 4/26/2022, with a market value of $71,407,348 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 70,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 0.66%, dated 5/20/2020, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,074,250 on 2/3/2022, in which exchange-traded funds with a market value of $153,070,172 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS (IDENTIFIED COST $2,609,125,000) | 2,609,125,000 | ||
REPURCHASE AGREEMENTS— 5.2% | |||
Finance - Banking— 5.2% | |||
500,000,000 | Interest in $1,650,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $1,650,002,521 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 10/16/2063 and the market value of those underlying securities was $1,690,202,215. | 500,000,000 | |
103,000,000 | Interest in $3,000,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $3,000,004,583 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 10/1/2051 and the market value of those underlying securities was $3,060,315,432. | 103,000,000 | |
TOTAL REPURCHASE AGREEMENTS (IDENTIFIED COST $603,000,000) | 603,000,000 | ||
TOTAL INVESTMENT IN SECURITIES—100.2% (IDENTIFIED COST $11,711,828,030)3 | 11,709,443,968 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.2)%4 | (20,500,137) | ||
TOTAL NET ASSETS—100% | $11,688,943,831 |
1 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
3 | Also represents cost of investments for federal tax purposes. |
4 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
FHLB | —Federal Home Loan Bank | |
GANs | —Grant Anticipation Notes | |
GTD | —Guaranteed | |
LIQ | —Liquidity Agreement | |
LLP | —Limited Liability Partnership | |
LOC | —Letter of Credit | |
MHF | —Maryland Housing Fund | |
PLC | —Public Limited Company | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.0005 | $1.0007 | $1.0004 | $1.0003 | $1.0003 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0002 | 0.0008 | 0.0136 | 0.0239 | 0.0156 | 0.0063 |
Net realized and unrealized gain (loss) | (0.0003) | (0.0002) | 0.0003 | 0.0001 | 0.00001 | 0.0011 |
Total From Investment Operations | (0.0001) | 0.0006 | 0.0139 | 0.0240 | 0.0156 | 0.0074 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0002) | (0.0008) | (0.0136) | (0.0239) | (0.0156) | (0.0063) |
Distributions from net realized gain | — | — | — | — | — | (0.0008) |
Total Distributions | (0.0002) | (0.0008) | (0.0136) | (0.0239) | (0.0156) | (0.0071) |
Net Asset Value, End of Period | $1.0002 | $1.0005 | $1.0007 | $1.0004 | $1.0003 | $1.0003 |
Total Return2 | (0.01)% | 0.05% | 1.39% | 2.43% | 1.57% | 0.66% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.15%4 | 0.15% | 0.15% | 0.15% | 0.17% | 0.20% |
Net investment income | 0.03%4 | 0.08% | 1.37% | 2.41% | 1.62% | 0.40% |
Expense waiver/ reimbursement5 | 0.13%4 | 0.13% | 0.13% | 0.13% | 0.12% | 0.10% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $11,659,457 | $15,298,656 | $23,611,390 | $21,146,776 | $10,941,508 | $787,309 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.0005 | $1.0007 | $1.0004 | $1.0002 | $1.0003 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.0001 | 0.0112 | 0.0218 | 0.0134 | 0.0040 |
Net realized and unrealized gain (loss) | (0.0003) | (0.0002) | 0.0003 | 0.0002 | 0.00001 | 0.0012 |
Total From Investment Operations | (0.0002) | (0.0001) | 0.0115 | 0.0220 | 0.0134 | 0.0052 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0001) | (0.0001) | (0.0112) | (0.0218) | (0.0135) | (0.0040) |
Distributions from net realized gain | — | — | — | — | — | (0.0009) |
Total Distributions | (0.0001) | (0.0001) | (0.0112) | (0.0218) | (0.0135) | (0.0049) |
Net Asset Value, End of Period | $1.0002 | $1.0005 | $1.0007 | $1.0004 | $1.0002 | $1.0003 |
Total Return2 | (0.02)% | (0.01)% | 1.15% | 2.22% | 1.35% | 0.43% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.18%4 | 0.24% | 0.40% | 0.37% | 0.39% | 0.45% |
Net investment income | 0.01%4 | 0.01% | 1.22% | 2.21% | 1.33% | 0.13% |
Expense waiver/reimbursement5 | 0.31%4 | 0.28% | 0.13% | 0.13% | 0.12% | 0.10% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $29,487 | $32,413 | $83,818 | $93,979 | $47,817 | $37,873 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/20221 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.0005 | $1.0008 | $1.0004 | $1.0002 | $1.0002 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0002 | 0.0006 | 0.0131 | 0.0234 | 0.0151 | 0.0058 |
Net realized and unrealized gain (loss) | (0.0001) | (0.0005) | 0.0004 | 0.0002 | 0.00002 | 0.0010 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.0135 | 0.0236 | 0.0151 | 0.0068 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0001) | (0.0004) | (0.0131) | (0.0234) | (0.0151) | (0.0058) |
Distributions from net realized gain | — | — | — | — | — | (0.0008) |
Total Distributions | (0.0001) | (0.0004) | (0.0131) | (0.0234) | (0.0151) | (0.0066) |
Net Asset Value, End of Period | $1.0005 | $1.0005 | $1.0008 | $1.0004 | $1.0002 | $1.0002 |
Total Return3 | 0.01% | 0.01% | 1.35% | 2.39% | 1.52% | 0.60% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.16%5 | 0.20% | 0.20% | 0.20% | 0.23% | 0.25% |
Net investment income | 0.01%5 | 0.05% | 1.19% | 2.31% | 1.52% | 0.34% |
Expense waiver/reimbursement6 | 0.17%5 | 0.13% | 0.13% | 0.13% | 0.12% | 0.10% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $07 | $4,501 | $23,527 | $14,374 | $25,206 | $14,549 |
1 | Certain ratios included in Ratios to Average Net Assets and per share amounts may be inflated or deflated as compared to the fee structure for each respective share class as a result of daily systematic allocations being rounded to the nearest penny for fund level income, expense and realized gain/loss amounts. Such differences are immaterial. |
2 | Represents less than $0.0001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
7 | Represents less than $1,000. |
January 31, 2022 (unaudited)
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $3,212,125,000 |
Investment in securities | 8,497,318,968 |
Investment in securities, at value (identified cost $11,711,828,030) | 11,709,443,968 |
Income receivable | 1,929,991 |
Receivable for shares sold | 300 |
Total Assets | 11,711,374,259 |
Liabilities: | |
Payable for investments purchased | 9,000,000 |
Bank overdraft | 12,587,083 |
Income distribution payable | 435,463 |
Payable to adviser (Note 5) | 21,492 |
Payable for administrative fee (Note 5) | 25,043 |
Accrued expenses (Note 5) | 361,347 |
Total Liabilities | 22,430,428 |
Net assets for 11,686,723,926 shares outstanding | $11,688,943,831 |
Net Assets Consist of: | |
Paid-in capital | $11,692,732,645 |
Total distributable earnings (loss) | (3,788,814) |
Total Net Assets | $11,688,943,831 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$11,659,457,037 ÷ 11,657,242,876 shares outstanding, no par value, unlimited shares authorized | $1.0002 |
Service Shares: | |
$29,486,694 ÷ 29,480,950 shares outstanding, no par value, unlimited shares authorized | $1.0002 |
Capital Shares: | |
$100 ÷ 100 shares outstanding, no par value, unlimited shares authorized | $1.0005* |
* | Actual net asset value per share presented differs from calculated net asset value per share due to rounding. |
Six Months Ended January 31, 2022 (unaudited)
Investment Income: | |
Interest | $12,381,845 |
Expenses: | |
Investment adviser fee (Note 5) | 13,371,382 |
Administrative fee (Note 5) | 5,227,961 |
Custodian fees | 243,560 |
Transfer agent fees | 90,097 |
Directors’/Trustees’ fees (Note 5) | 40,549 |
Auditing fees | 12,449 |
Legal fees | 4,537 |
Portfolio accounting fees | 135,632 |
Other service fees (Notes 2 and 5) | 25,572 |
Share registration costs | 32,208 |
Printing and postage | 10,057 |
Miscellaneous (Note 5) | 61,625 |
TOTAL EXPENSES | 19,255,629 |
Waivers and Reimbursement: | |
Waiver of investment adviser fee (Note 5) | (8,873,921) |
Waivers/reimbursement of other operating expenses (Notes 2 and 5) | (22,758) |
TOTAL WAIVERS AND REIMBURSEMENT | (8,896,679) |
Net expenses | 10,358,950 |
Net investment income | 2,022,895 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized gain on investments | 2,055 |
Net change in unrealized appreciation of investments | (3,513,001) |
Net realized and unrealized gain (loss) on investments | (3,510,946) |
Change in net assets resulting from operations | $(1,488,051) |
Six Months Ended (unaudited) 1/31/2022 | Year Ended 7/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $2,022,895 | $17,271,664 |
Net realized gain (loss) | 2,055 | 113,108 |
Net change in unrealized appreciation/depreciation | (3,513,001) | (6,131,457) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | (1,488,051) | 11,253,315 |
Distributions to Shareholders: | ||
Institutional Shares | (1,990,591) | (17,245,644) |
Service Shares | (1,237) | (4,862) |
Capital Shares | (48) | (8,147) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (1,991,876) | (17,258,653) |
Share Transactions: | ||
Proceeds from sale of shares | 7,207,211,309 | 36,831,815,005 |
Net asset value of shares issued to shareholders in payment of distributions declared | 290,001 | 3,142,765 |
Cost of shares redeemed | (10,850,647,601) | (45,212,117,547) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (3,643,146,291) | (8,377,159,777) |
Change in net assets | (3,646,626,218) | (8,383,165,115) |
Net Assets: | ||
Beginning of period | 15,335,570,049 | 23,718,735,164 |
End of period | $11,688,943,831 | $15,335,570,049 |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $25,332 | $(2,332) | $(20,227) |
Capital Shares | 240 | (112) | (87) |
TOTAL | $25,572 | $(2,444) | $(20,314) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 6,980,641,235 | $6,983,016,757 | 36,196,687,324 | $36,215,427,054 |
Shares issued to shareholders in payment of distributions declared | 289,028 | 289,112 | 3,128,894 | 3,130,517 |
Shares redeemed | (10,615,300,226) | (10,619,030,786) | (44,503,031,101) | (44,525,308,528) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (3,634,369,963) | $(3,635,724,917) | (8,303,214,883) | $(8,306,750,957) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 224,115,890 | $224,194,552 | 320,686,975 | $320,849,653 |
Shares issued to shareholders in payment of distributions declared | 850 | 851 | 4,099 | 4,101 |
Shares redeemed | (227,033,209) | (227,116,248) | (372,056,896) | (372,241,775) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (2,916,469) | $(2,920,845) | (51,365,822) | $(51,388,021) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | — | $— | 295,358,986 | $295,538,298 |
Shares issued to shareholders in payment of distributions declared | 38 | 38 | 8,141 | 8,147 |
Shares redeemed | (4,498,390) | (4,500,567) | (314,377,023) | (314,567,244) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (4,498,352) | $(4,500,529) | (19,009,896) | $(19,020,799) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (3,641,784,784) | $(3,643,146,291) | (8,373,590,601) | $(8,377,159,777) |
Short-Term | Long-Term | Total |
$1,455,235 | $— | $1,455,235 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2021 | Ending Account Value 1/31/2022 | Expenses Paid During Period1 | |
Actual: | |||
Institutional Shares | $1,000 | $999.90 | $0.762 |
Service Shares | $1,000 | $999.80 | $0.913 |
Capital Shares | $1,000 | $1,000.10 | $0.814 |
Hypothetical (assuming a 5% return before expenses): | |||
Institutional Shares | $1,000 | $1,024.45 | $0.772 |
Service Shares | $1,000 | $1,024.30 | $0.923 |
Capital Shares | $1,000 | $1,024.40 | $0.824 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Institutional Shares | 0.15% |
Service Shares | 0.18% |
Capital Shares | 0.16% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Service Shares current Fee Limit of 0.45% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.27 and $2.30, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Capital Shares current Fee Limit of 0.25% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.26 and $1.28, respectively. |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
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Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N708
CUSIP 608919767
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Share Class | Ticker | Institutional | POIXX |
Federated Hermes Institutional Prime Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
![](https://capedge.com/proxy/N-CSRS/0001623632-22-000438/donahuechrissigsmall.jpg)
The Share Price will fluctuate. It is possible to lose money by investing in the Fund.
Security Type | Percentage of Total Net Assets |
Commercial Paper | 39.0% |
Other Repurchase Agreements and Repurchase Agreements | 27.5% |
Bank Instruments | 24.6% |
Variable Rate Instruments | 8.2% |
Municipal Bond | 0.5% |
U.S. Treasury Securities | 0.4% |
Other Assets and Liabilities—Net2 | (0.2)% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days2 | 51.1% |
8-30 Days | 13.1% |
31-90 Days | 22.7% |
91-180 Days | 7.6% |
181 Days or more | 5.7% |
Other Assets and Liabilities—Net3 | (0.2)% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Overnight securities comprised 26.9% of the Fund’s portfolio. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— 39.0% | ||
Finance - Banking— 21.2% | |||
$225,000,000 | Bank of Nova Scotia, Toronto, 0.200% - 0.300%, 6/3/2022 - 9/29/2022 | $ 224,133,576 | |
115,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.200% - 0.371%, 4/27/2022 - 7/5/2022 | 114,869,992 | |
75,000,000 | BPCE SA, 0.145%, 3/10/2022 | 74,988,823 | |
64,000,000 | Canadian Imperial Bank of Commerce, 0.503%, 12/1/2022 | 63,521,707 | |
50,000,000 | Canadian Imperial Holdings, Inc., 0.351%, 11/8/2022 | 49,671,776 | |
80,000,000 | Commonwealth Bank of Australia, 0.160%, 4/7/2022 | 79,978,880 | |
20,000,000 | DNB Bank ASA, 0.100%, 2/8/2022 | 19,999,611 | |
50,000,000 | DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 0.065%, 2/1/2022 | 50,000,000 | |
85,000,000 | Gotham Funding Corp., (MUFG Bank Ltd. LIQ), 0.160%, 2/10/2022 | 84,996,600 | |
191,000,000 | Matchpoint Finance PLC, (BNP Paribas SA LIQ), 0.200% - 0.270%, 2/24/2022 - 4/4/2022 | 190,943,051 | |
607,000,000 | Nationwide Building Society, 0.100% - 0.105%, 2/14/2022 - 2/22/2022 | 606,971,753 | |
70,000,000 | Royal Bank of Canada, 0.210% - 0.241%, 4/14/2022 - 7/7/2022 | 69,908,184 | |
120,000,000 | Royal Bank of Canada, 0.251% - 0.341%, 10/14/2022 - 11/1/2022 | 119,313,684 | |
80,000,000 | Royal Bank of Canada, New York Branch, 0.371% - 0.402%, 11/9/2022 - 11/15/2022 | 79,486,541 | |
80,250,000 | Sumitomo Mitsui Banking Corp., 0.200% - 0.205%, 3/2/2022 - 3/3/2022 | 80,236,777 | |
440,000,000 | Toronto Dominion Bank, 0.200% - 0.251%, 4/20/2022 - 7/7/2022 | 439,661,156 | |
130,000,000 | Westpac Banking Corp. Ltd., Sydney, 0.231% - 0.241%, 3/11/2022 - 3/24/2022 | 129,958,717 | |
TOTAL | 2,478,640,828 | ||
Finance - Commercial— 5.3% | |||
147,500,000 | Atlantic Asset Securitization LLC, 0.120% - 0.160%, 2/16/2022 - 3/10/2022 | 147,483,403 | |
95,787,000 | Bennington Stark Capital Co., LLC, (Societe Generale, Paris LIQ), 0.150%, 3/4/2022 | 95,774,627 | |
80,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.150%, 3/8/2022 | 80,000,000 | |
20,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.160%, 4/6/2022 | 20,000,000 | |
140,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 5/23/2022 | 140,000,000 | |
139,724,000 | Ridgefield Funding Company, LLC Series A, 0.150% - 0.270%, 2/4/2022 - 4/4/2022 | 139,681,604 | |
TOTAL | 622,939,634 |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Finance - Retail— 3.6% | |||
$ 20,000,000 | CAFCO, LLC, 0.451%, 6/10/2022 | $ 19,975,950 | |
75,000,000 | Chariot Funding LLC, 0.120%, 2/10/2022 | 74,997,750 | |
25,000,000 | Fairway Finance Co. LLC, 0.150%, 3/2/2022 | 24,996,979 | |
25,000,000 | Old Line Funding, LLC, 0.160%, 2/3/2022 | 24,999,778 | |
50,000,000 | Old Line Funding, LLC, 0.160%, 4/7/2022 | 49,979,284 | |
13,000,000 | Old Line Funding, LLC, 0.280%, 6/27/2022 | 13,003,926 | |
122,000,000 | Sheffield Receivables Co., LLC, 0.160% - 0.240%, 2/7/2022 - 3/18/2022 | 121,976,208 | |
17,500,000 | Starbird Funding Corp., 0.260%, 4/1/2022 | 17,492,543 | |
50,000,000 | Thunder Bay Funding, LLC, 0.160%, 3/14/2022 | 49,990,889 | |
25,000,000 | Thunder Bay Funding, LLC, 0.290%, 4/27/2022 | 24,983,935 | |
TOTAL | 422,397,242 | ||
Finance - Securities— 6.8% | |||
40,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Societe Generale, Paris COL), 0.200%, 5/18/2022 | 40,000,000 | |
8,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Societe Generale, Paris COL), 0.220%, 7/8/2022 | 8,000,000 | |
250,000,000 | Anglesea Funding LLC, 0.160% - 0.200%, 2/1/2022 - 3/18/2022 | 249,985,097 | |
45,000,000 | Collateralized Commercial Paper FLEX Co., LLC, 0.160% - 0.160%, 2/2/2022 - 3/1/2022 | 44,997,400 | |
415,000,000 | Collateralized Commercial Paper V Co. LLC, 0.170% - 0.361%, 3/2/2022 - 7/8/2022 | 414,661,665 | |
33,000,000 | Great Bear Funding LLC, (Bank of Nova Scotia, Toronto COL), 0.110%, 2/11/2022 | 32,998,992 | |
TOTAL | 790,643,154 | ||
Insurance— 0.9% | |||
110,000,000 | MetLife Short Term Funding LLC, 0.140% - 0.140%, 3/15/2022 - 3/16/2022 | 109,981,800 | |
Sovereign— 1.2% | |||
41,500,000 | Erste Abwicklungsanstalt, 0.110%, 2/17/2022 | 41,497,971 | |
20,000,000 | Export Development Canada, (Canada, Government of SUB), 0.090%, 3/7/2022 | 19,998,300 | |
75,000,000 | Nederlandse Waterschapsbank NV, 0.110% - 0.115%, 2/11/2022 - 3/4/2022 | 74,994,284 | |
TOTAL | 136,490,555 | ||
TOTAL COMMERCIAL PAPER (IDENTIFIED COST $4,562,896,287) | 4,561,093,213 | ||
CERTIFICATES OF DEPOSIT— 14.1% | |||
Finance - Banking— 14.1% | |||
104,000,000 | 2 | Bank of Montreal, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 103,962,065 |
Principal Amount | Value | ||
CERTIFICATES OF DEPOSIT— continued | |||
Finance - Banking— continued | |||
$400,000,000 | Bank of Montreal, 0.210% - 0.240%, 3/3/2022 - 7/26/2022 | $ 399,879,268 | |
100,000,000 | 2 | Bank of Nova Scotia, Toronto, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 99,961,084 |
50,000,000 | 2 | Bank of Nova Scotia, Toronto, 0.300% (Secured Overnight Financing Rate +0.250%), 2/1/2022 | 49,992,506 |
50,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.250% (Secured Overnight Financing Rate +0.200%), 2/1/2022 | 50,020,159 |
25,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.260% (Secured Overnight Financing Rate +0.210%), 2/1/2022 | 24,995,573 |
80,000,000 | Mizuho Bank Ltd., 0.250%, 3/22/2022 - 3/23/2022 | 80,000,000 | |
181,000,000 | MUFG Bank Ltd., 0.170% - 0.180%, 2/18/2022 - 3/21/2022 | 181,000,000 | |
50,000,000 | Royal Bank of Canada, 0.210%, 3/9/2022 | 50,000,000 | |
236,000,000 | Sumitomo Mitsui Banking Corp., 0.200% - 0.250%, 2/28/2022 - 3/28/2022 | 236,000,000 | |
194,000,000 | Sumitomo Mitsui Trust Bank Ltd., 0.150% - 0.220%, 2/2/2022 - 3/14/2022 | 194,000,000 | |
175,000,000 | Toronto Dominion Bank, 0.220% - 0.320%, 4/1/2022 - 11/23/2022 | 174,614,175 | |
TOTAL CERTIFICATES OF DEPOSIT (IDENTIFIED COST $1,645,000,000) | 1,644,424,830 | ||
TIME DEPOSITS— 10.5% | |||
Finance - Banking— 10.5% | |||
580,000,000 | ABN Amro Bank NV, 0.080%, 2/1/2022 - 2/3/2022 | 580,000,000 | |
500,000,000 | Australia & New Zealand Banking Group, Melbourne, 0.070%, 2/1/2022 | 500,000,000 | |
145,000,000 | Mizuho Bank Ltd., 0.070%, 2/1/2022 | 145,000,000 | |
TOTAL TIME DEPOSITS (IDENTIFIED COST $1,225,000,000) | 1,225,000,000 | ||
2 | NOTES - VARIABLE— 8.2% | ||
Finance - Banking— 5.5% | |||
28,500,000 | Calhoun County, TX Navigation District Environmental Facilities (Formosa Plastic Corp.), (Series 2006) Weekly VRDNs, (Bank of America N.A. LOC), 0.080%, 2/3/2022 | 28,500,000 | |
4,025,000 | Centra State Medical Arts Building LLC, (TD Bank, N.A. LOC), 0.120%, 2/2/2022 | 4,025,000 | |
31,000,000 | Clark County, NV Airport System, Subordinate Lien Revenue Bonds (Series 2008 C-2) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 0.090%, 2/2/2022 | 31,000,000 | |
16,700,000 | Greene County Development Authority, Reynolds Lodge, LLC Series 2000B, (U.S. Bank, N.A. LOC), 0.080%, 2/2/2022 | 16,700,000 | |
3,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project 2013A, (Bank of America N.A. LOC), 0.120%, 2/3/2022 | 3,000,000 | |
7,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project, (Bank of America N.A. LOC), 0.120%, 2/3/2022 | 7,000,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 7,595,000 | Gulf Gate Apartments LLC, Series 2003, (Wells Fargo Bank, N.A. LOC), 0.100%, 2/3/2022 | $ 7,595,000 | |
12,865,000 | Hamilton Station Park and Ride, Series 2005, (Wells Fargo Bank, N.A. LOC), 0.100%, 2/3/2022 | 12,865,000 | |
14,500,000 | JEA, FL Electric System, (Series Three 2008B-2: Senior Revenue Bonds) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.070%, 2/2/2022 | 14,500,000 | |
15,365,000 | Los Angeles County Fair Association, (Wells Fargo Bank, N.A. LOC), 0.100%, 2/2/2022 | 15,365,000 | |
9,000,000 | Michael Dennis Sullivan Irrevocable Trust, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/3/2022 | 9,000,000 | |
34,000,000 | Nuveen Floating Rate Income Fund, (Series A), (Sumitomo Mitsui Banking Corp. LOC), 0.210%, 2/3/2022 | 34,000,000 | |
3,775,000 | Public Building Corp. Springfield, MO, Jordan Valley Ice Park, Series 2003, (U.S. Bank, N.A. LOC), 0.170%, 2/3/2022 | 3,775,000 | |
152,500,000 | Royal Bank of Canada, New York Branch, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 152,446,468 | |
18,965,000 | Salem Green, LLP, Salem Green Apartments Project, Series 2010, (Wells Fargo Bank, N.A. LOC), 0.100%, 2/3/2022 | 18,965,000 | |
20,000,000 | SSAB AB (publ), Series 2015-B, (Nordea Bank Abp LOC), 0.120%, 2/3/2022 | 20,000,000 | |
68,236,712 | Taxable Tender Option Bond Trust 2021-MIZ9060TX, (Series 2021-MIZ9060TX) VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.340%, 2/1/2022 | 68,236,712 | |
30,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9070TX, (Series 2021-MIZ9070TX) VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.490%, 2/1/2022 | 30,000,000 | |
25,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9071TX, (Series 2021-MIZ9071TX) VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.490%, 2/1/2022 | 25,000,000 | |
12,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9074TX, (Series 2021-MIZ-9074TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 12,000,000 | |
10,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9075TX, (Series MIZ-9075TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 10,000,000 | |
4,680,000 | Taxable Tender Option Bond Trust 2021-MIZ9077TX, (Series 2021-MIZ9077TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 4,680,000 | |
3,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9078TX, (Series 2021-MIZ9078TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 3,000,000 | |
21,100,000 | Taxable Tender Option Bond Trust 2021-MIZ9081TX, (Series 2021-MIZ9081TX) Weekly VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.180%, 2/3/2022 | 21,100,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 13,200,000 | Taxable Tender Option Bond Trust 2021-MIZ9082TX, (Series 2021-MIZ9082TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | $ 13,200,000 | |
5,935,000 | Taxable Tender Option Bond Trust 2021-MIZ9083TX, (Series 2021-MIZ9083TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 5,935,000 | |
68,300,000 | Triborough Bridge & Tunnel Authority, NY, (Taxable Series E) Weekly VRDNs, (Bank of America N.A. LOC), 0.100%, 2/3/2022 | 68,300,000 | |
3,600,000 | Village Green Finance Co. LLC, (Series 1997), (Wells Fargo Bank, N.A. LOC), 0.100%, 2/2/2022 | 3,600,000 | |
6,085,000 | Yeshivas Novominsk, Series 2008, (TD Bank, N.A. LOC), 0.190%, 2/3/2022 | 6,085,000 | |
TOTAL | 649,873,180 | ||
Government Agency— 2.7% | |||
5,285,000 | 1320 W Jefferson LLC, (FHLB of San Francisco LOC), 0.120%, 2/2/2022 | 5,285,000 | |
42,450,000 | Archer 1 LLC, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 42,450,000 | |
9,015,000 | Austen Children’s Gift Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 9,015,000 | |
6,830,000 | Baker Life Insurance Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 6,830,000 | |
29,850,000 | BWF Forge TL Properties Owner LLC, (FHLB of Des Moines LOC)/(FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 29,850,000 | |
5,705,000 | Catania Family Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 5,705,000 | |
5,485,000 | Herman & Kittle Capital, LLC, Canterbury House Apartments- Lebanon Project Series 2005, (FHLB of Cincinnati LOC), 0.120%, 2/3/2022 | 5,485,000 | |
32,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-A, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 32,000,000 | |
16,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-B, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 16,000,000 | |
4,270,000 | Jim Brooks Irrevocable Trust, (FHLB of Dallas LOC), 0.110%, 2/3/2022 | 4,270,000 | |
11,570,000 | Joseph L. Goggins Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 11,570,000 | |
3,655,000 | Karyn Brooks Descendants Trust, (FHLB of Dallas LOC), 0.110%, 2/3/2022 | 3,655,000 | |
6,380,000 | MHF DKF Insurance Trust, (FHLB of Dallas LOC), 0.120%, 2/2/2022 | 6,380,000 | |
17,030,000 | Mohr Green Associates L.P., 2012-A, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 17,030,000 | |
22,610,000 | NWD 2017 Family Trust No. 1, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 22,610,000 | |
19,640,000 | OSL Santa Rosa Fountaingrove LLC, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 19,640,000 | |
9,080,000 | Park Stanton Place LP, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 9,080,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 5,010,000 | R.J. Brooks Jr. Irrevocable Trust, (FHLB of Dallas LOC), 0.110%, 2/3/2022 | $ 5,010,000 | |
6,980,000 | RK Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 6,980,000 | |
6,255,000 | Sibley Family Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 6,255,000 | |
6,610,000 | The CLC Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 6,610,000 | |
5,120,000 | The Eugene Kim Irrevocable Life Insurance Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 5,120,000 | |
22,830,000 | The Gregory P. Berry Trust, (FHLB of Des Moines LOC), 0.120%, 2/2/2022 | 22,830,000 | |
5,740,000 | The Leopold Family Insurance Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 5,740,000 | |
5,975,000 | The Thompson 2018 Family Trust, (FHLB of Dallas LOC), 0.110%, 2/3/2022 | 5,975,000 | |
TOTAL | 311,375,000 | ||
TOTAL NOTES - VARIABLE (IDENTIFIED COST $961,301,713) | 961,248,180 | ||
MUNICIPAL BOND— 0.5% | |||
Municipal— 0.5% | |||
55,500,000 | Metropolitan Transportation Authority, NY (Fully Appropriated COVID Operating Grants-Federally Taxable), (Series A) GANs, 0.777%, 11/15/2022 (IDENTIFIED COST $55,500,000) | 55,504,007 | |
U.S. TREASURY— 0.4% | |||
U.S. Treasury Notes— 0.4% | |||
50,000,000 | 2 | United States Treasury Floating Rate Notes, 0.224% (91-day T-Bill +0.034%), 2/1/2022 (IDENTIFIED COST $50,005,030) | 50,048,738 |
OTHER REPURCHASE AGREEMENTS— 22.3% | |||
Finance - Banking— 22.3% | |||
100,000,000 | BMO Capital Markets Corp., 0.25%, dated 2/8/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,255,411 on 7/12/2022, in which asset-backed securities, corporate bonds, medium-term notes and Sovereign with a market value of $204,258,377 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
100,130,000 | BNP Paribas SA, 0.15%, dated 1/31/2022, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,000,625 on 2/1/2022, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term notes and Sovereign with a market value of $153,048,760 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,130,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$100,000,000 | BofA Securities, Inc. 0.69%, dated 9/4/2020, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,172,500 on 5/3/2022, in which American depositary receipts, convertible bonds, exchange-traded funds and Sovereign with a market value of $102,056,696 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 100,000,000 | |
250,000,000 | BofA Securities, Inc. 0.69%, dated 9/9/2020, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,431,250 on 5/3/2022, in which American depositary receipts, convertible bonds, exchange-traded funds and Sovereign with a market value of $255,141,738 have been received as collateral and held with BNY Mellon as tri-party agent. | 250,000,000 | |
95,000,000 | BofA Securities, Inc. 0.10%, dated 1/31/2022, interest in a $95,000,000 collateralized loan agreement will repurchase securities provided as collateral for $95,000,264 on 2/1/2022, in which commercial paper with a market value of $96,900,270 have been received as collateral and held with BNY Mellon as tri-party agent. | 95,000,000 | |
165,000,000 | Credit Agricole S.A., 0.13%, dated 12/20/2021, interest in a $535,000,000 collateralized loan agreement will repurchase securities provided as collateral for $535,013,524 on 2/9/2022, in which asset-backed securities, treasury bills, corporate bonds, collateralized mortgage obligations, commercial paper, medium-term notes, treasury notes, and sovereign debt with a market value of $545,746,058 have been received as collateral and held with BNY Mellon as tri-party agent. | 165,000,000 | |
165,000,000 | Credit Agricole S.A., 0.22%, dated 1/12/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,012,833 on 2/9/2022, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, commercial paper, medium-term notes, and sovereign debt with a market value of $306,001,870 have been received as collateral and held with BNY Mellon as tri-party agent. | 165,000,000 | |
105,000,000 | HSBC Securities (USA), Inc., 0.17%, dated 1/31/2022, interest in a $155,000,000 collateralized loan agreement will repurchase securities provided as collateral for $155,000,732 on 2/1/2022, in which corporate bonds, medium-term notes and Sovereign debt with a market value of $158,100,224 have been received as collateral and held with BNY Mellon as tri-party agent. | 105,000,000 | |
60,000,000 | HSBC Securities (USA), Inc., 0.27%, dated 1/31/2022, interest in a $80,000,000 collateralized loan agreement will repurchase securities provided as collateral for $80,000,600 on 2/1/2022, in which asset-backed securities, corporate bonds, medium-term notes and Sovereign debt with a market value of $81,600,001 have been received as collateral and held with BNY Mellon as tri-party agent. | 60,000,000 | |
49,140,000 | ING Financial Markets LLC, 0.14%, dated 1/31/2022, interest in a $50,000,000 collateralized loan agreement will repurchase securities provided as collateral for $50,000,194 on 2/1/2022, in which corporate bonds and medium-term notes with a market value of $51,000,376 have been received as collateral and held with BNY Mellon as tri-party agent. | 49,140,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 61,500,000 | J.P. Morgan Securities LLC, 0.32%, dated 1/12/2022, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,073,333 on 2/14/2022, in which corporate bonds with market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 61,500,000 | |
75,000,000 | Mizuho Securities USA, Inc., 0.27%, dated 1/31/2022, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,001,125 on 2/1/2022, in which common stocks with a market value of $153,004,640 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
100,000,000 | Mizuho Securities USA, Inc., 0.17%, dated 1/31/2022, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,000,472 on 2/1/2022, in which municipal bonds and asset-backed securities with a market value of $102,000,482 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
303,095,000 | MUFG Securities Americas, Inc., 0.22%, dated 1/31/2022, interest in a $550,000,000 collateralized loan agreement will repurchase securities provided as collateral for $550,003,361 on 2/1/2022, in which American depositary receipts, common stocks, convertible bonds, exchange-traded funds and unit investment trust with a market value of $561,013,715 have been received as collateral and held with BNY Mellon as tri-party agent. | 303,095,000 | |
185,000,000 | Pershing LLC., 0.32%, dated 12/22/2021, interest in a $400,000,000 collateralized loan agreement will repurchase securities provided as collateral for $400,024,889 on 2/9/2022, in which asset-backed securities, corporate bonds, common stocks, commercial paper, exchange-traded funds, medium-term notes and municipal bonds with a market value of $408,004,304 have been received as collateral and held with BNY Mellon as tri-party agent. | 185,000,000 | |
303,130,000 | Societe Generale, Paris 0.22%, dated 1/31/2022, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,003,972 on 2/1/2022, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term notes and sovereign debt with a market value of $663,016,207 have been received as collateral and held with BNY Mellon as tri-party agent. | 303,130,000 | |
125,000,000 | Societe Generale, Paris, 0.13%, dated 1/31/2022, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,001,264 on 2/1/2022, in which asset-backed securities, treasury bonds, corporate bonds, collateralized mortgage obligations, medium-term notes and sovereign debt with a market value of $357,005,217 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
47,130,000 | Standard Chartered Bank, 0.16%, dated 1/31/2022, interest in a $100,000,444 collateralized loan agreement will repurchase securities provided as collateral for $100,000,444 on 2/1/2022, in which treasury bonds with a market value of $102,000,551 have been received as collateral and held with BNY Mellon as tri-party agent. | 47,130,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 70,000,000 | Wells Fargo Securities LLC, 0.73%, dated 1/27/2022, interest in a $70,000,000 collateralized loan agreement will repurchase securities provided as collateral for $70,126,331 on 4/26/2022, with a market value of $71,407,348 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 70,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 0.66%, dated 5/20/2020, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,074,250 on 2/3/2022, in which exchange-traded funds with a market value of $153,070,172 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS (IDENTIFIED COST $2,609,125,000) | 2,609,125,000 | ||
REPURCHASE AGREEMENTS— 5.2% | |||
Finance - Banking— 5.2% | |||
500,000,000 | Interest in $1,650,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $1,650,002,521 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 10/16/2063 and the market value of those underlying securities was $1,690,202,215. | 500,000,000 | |
103,000,000 | Interest in $3,000,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $3,000,004,583 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 10/1/2051 and the market value of those underlying securities was $3,060,315,432. | 103,000,000 | |
TOTAL REPURCHASE AGREEMENTS (IDENTIFIED COST $603,000,000) | 603,000,000 | ||
TOTAL INVESTMENT IN SECURITIES—100.2% (IDENTIFIED COST $11,711,828,030)3 | 11,709,443,968 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.2)%4 | (20,500,137) | ||
TOTAL NET ASSETS—100% | $11,688,943,831 |
1 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
3 | Also represents cost of investments for federal tax purposes. |
4 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
FHLB | —Federal Home Loan Bank | |
GANs | —Grant Anticipation Notes | |
GTD | —Guaranteed | |
LIQ | —Liquidity Agreement | |
LLP | —Limited Liability Partnership | |
LOC | —Letter of Credit | |
MHF | —Maryland Housing Fund | |
PLC | —Public Limited Company | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.0005 | $1.0007 | $1.0004 | $1.0003 | $1.0003 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0002 | 0.0008 | 0.0136 | 0.0239 | 0.0156 | 0.0063 |
Net realized and unrealized gain (loss) | (0.0003) | (0.0002) | 0.0003 | 0.0001 | 0.00001 | 0.0011 |
Total From Investment Operations | (0.0001) | 0.0006 | 0.0139 | 0.0240 | 0.0156 | 0.0074 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0002) | (0.0008) | (0.0136) | (0.0239) | (0.0156) | (0.0063) |
Distributions from net realized gain | — | — | — | — | — | (0.0008) |
Total Distributions | (0.0002) | (0.0008) | (0.0136) | (0.0239) | (0.0156) | (0.0071) |
Net Asset Value, End of Period | $1.0002 | $1.0005 | $1.0007 | $1.0004 | $1.0003 | $1.0003 |
Total Return2 | (0.01)% | 0.05% | 1.39% | 2.43% | 1.57% | 0.66% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.15%4 | 0.15% | 0.15% | 0.15% | 0.17% | 0.20% |
Net investment income | 0.03%4 | 0.08% | 1.37% | 2.41% | 1.62% | 0.40% |
Expense waiver/ reimbursement5 | 0.13%4 | 0.13% | 0.13% | 0.13% | 0.12% | 0.10% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $11,659,457 | $15,298,656 | $23,611,390 | $21,146,776 | $10,941,508 | $787,309 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
January 31, 2022 (unaudited)
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $3,212,125,000 |
Investment in securities | 8,497,318,968 |
Investment in securities, at value (identified cost $11,711,828,030) | 11,709,443,968 |
Income receivable | 1,929,991 |
Receivable for shares sold | 300 |
Total Assets | 11,711,374,259 |
Liabilities: | |
Payable for investments purchased | 9,000,000 |
Bank overdraft | 12,587,083 |
Income distribution payable | 435,463 |
Payable to adviser (Note 5) | 21,492 |
Payable for administrative fee (Note 5) | 25,043 |
Accrued expenses (Note 5) | 361,347 |
Total Liabilities | 22,430,428 |
Net assets for 11,686,723,926 shares outstanding | $11,688,943,831 |
Net Assets Consist of: | |
Paid-in capital | $11,692,732,645 |
Total distributable earnings (loss) | (3,788,814) |
Total Net Assets | $11,688,943,831 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$11,659,457,037 ÷ 11,657,242,876 shares outstanding, no par value, unlimited shares authorized | $1.0002 |
Service Shares: | |
$29,486,694 ÷ 29,480,950 shares outstanding, no par value, unlimited shares authorized | $1.0002 |
Capital Shares: | |
$100 ÷ 100 shares outstanding, no par value, unlimited shares authorized | $1.0005* |
* | Actual net asset value per share presented differs from calculated net asset value per share due to rounding. |
Six Months Ended January 31, 2022 (unaudited)
Investment Income: | |
Interest | $12,381,845 |
Expenses: | |
Investment adviser fee (Note 5) | 13,371,382 |
Administrative fee (Note 5) | 5,227,961 |
Custodian fees | 243,560 |
Transfer agent fees | 90,097 |
Directors’/Trustees’ fees (Note 5) | 40,549 |
Auditing fees | 12,449 |
Legal fees | 4,537 |
Portfolio accounting fees | 135,632 |
Other service fees (Notes 2 and 5) | 25,572 |
Share registration costs | 32,208 |
Printing and postage | 10,057 |
Miscellaneous (Note 5) | 61,625 |
TOTAL EXPENSES | 19,255,629 |
Waivers and Reimbursement: | |
Waiver of investment adviser fee (Note 5) | (8,873,921) |
Waivers/reimbursement of other operating expenses (Notes 2 and 5) | (22,758) |
TOTAL WAIVERS AND REIMBURSEMENT | (8,896,679) |
Net expenses | 10,358,950 |
Net investment income | 2,022,895 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized gain on investments | 2,055 |
Net change in unrealized appreciation of investments | (3,513,001) |
Net realized and unrealized gain (loss) on investments | (3,510,946) |
Change in net assets resulting from operations | $(1,488,051) |
Six Months Ended (unaudited) 1/31/2022 | Year Ended 7/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $2,022,895 | $17,271,664 |
Net realized gain (loss) | 2,055 | 113,108 |
Net change in unrealized appreciation/depreciation | (3,513,001) | (6,131,457) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | (1,488,051) | 11,253,315 |
Distributions to Shareholders: | ||
Institutional Shares | (1,990,591) | (17,245,644) |
Service Shares | (1,237) | (4,862) |
Capital Shares | (48) | (8,147) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (1,991,876) | (17,258,653) |
Share Transactions: | ||
Proceeds from sale of shares | 7,207,211,309 | 36,831,815,005 |
Net asset value of shares issued to shareholders in payment of distributions declared | 290,001 | 3,142,765 |
Cost of shares redeemed | (10,850,647,601) | (45,212,117,547) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (3,643,146,291) | (8,377,159,777) |
Change in net assets | (3,646,626,218) | (8,383,165,115) |
Net Assets: | ||
Beginning of period | 15,335,570,049 | 23,718,735,164 |
End of period | $11,688,943,831 | $15,335,570,049 |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $25,332 | $(2,332) | $(20,227) |
Capital Shares | 240 | (112) | (87) |
TOTAL | $25,572 | $(2,444) | $(20,314) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 6,980,641,235 | $6,983,016,757 | 36,196,687,324 | $36,215,427,054 |
Shares issued to shareholders in payment of distributions declared | 289,028 | 289,112 | 3,128,894 | 3,130,517 |
Shares redeemed | (10,615,300,226) | (10,619,030,786) | (44,503,031,101) | (44,525,308,528) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (3,634,369,963) | $(3,635,724,917) | (8,303,214,883) | $(8,306,750,957) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 224,115,890 | $224,194,552 | 320,686,975 | $320,849,653 |
Shares issued to shareholders in payment of distributions declared | 850 | 851 | 4,099 | 4,101 |
Shares redeemed | (227,033,209) | (227,116,248) | (372,056,896) | (372,241,775) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (2,916,469) | $(2,920,845) | (51,365,822) | $(51,388,021) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | — | $— | 295,358,986 | $295,538,298 |
Shares issued to shareholders in payment of distributions declared | 38 | 38 | 8,141 | 8,147 |
Shares redeemed | (4,498,390) | (4,500,567) | (314,377,023) | (314,567,244) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (4,498,352) | $(4,500,529) | (19,009,896) | $(19,020,799) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (3,641,784,784) | $(3,643,146,291) | (8,373,590,601) | $(8,377,159,777) |
Short-Term | Long-Term | Total |
$1,455,235 | $— | $1,455,235 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2021 | Ending Account Value 1/31/2022 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $999.90 | $0.762 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,024.45 | $0.772 |
1 | Expenses are equal to the Fund’s Institutional Shares annualized net expense ratio of 0.15%, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
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Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
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Share Class | Ticker | Institutional | PVOXX | Service | PVSXX | Capital | PVCXX |
Federated Hermes Institutional Prime Value Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
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The Share Price will fluctuate. It is possible to lose money by investing in the Fund.
Security Type | Percentage of Total Net Assets2 |
Commercial Paper | 38.8% |
Other Repurchase Agreements and Repurchase Agreements | 27.9% |
Bank Instruments | 24.4% |
Variable Rate Instruments | 8.1% |
Municipal Bonds | 0.5% |
U.S. Treasury and Agency Securities | 0.4% |
Other Assets and Liabilities—Net3 | (0.1)% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. |
2 | As of the date specified above, the Fund owned shares of one or more affiliated investment companies. For purposes of this table, the affiliated investment company (other than an affiliated money market mutual fund) is not treated as a single portfolio security, but rather the Fund is treated as owning a pro rata portion of each security and each other asset and liability owned by the affiliated investment company. Accordingly, the percentages of total net assets shown in the table will differ from those presented on the Portfolio of Investments. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Shares or Principal Amount | Value | ||
INVESTMENT COMPANY— 99.3% | |||
8,591,738,875 | Federated Hermes Institutional Prime Obligations Fund, Institutional Shares, 0.06%1 (IDENTIFIED COST $8,598,061,344) | $8,593,457,222 | |
OTHER REPURCHASE AGREEMENTS— 0.6% | |||
Finance - Banking— 0.6% | |||
$ 50,000,000 | BMO Capital Markets Corp., 0.17%, dated 1/31/2022, interest in a $155,000,000 collateralized loan agreement will repurchase securities provided as collateral for $155,000,732 on 2/1/2022, in which asset-backed securities corporate bonds, medium-term notes and Sovereign with a market value of $158,100,224 have been received as collateral and held with BNY Mellon as tri-party agent. (IDENTIFIED COST $50,000,000) | 50,000,000 | |
TOTAL INVESTMENT IN SECURITIES—99.9% (IDENTIFIED COST $8,648,061,344)2 | 8,643,457,222 | ||
OTHER ASSETS AND LIABILITIES - NET—0.1%3 | 4,928,215 | ||
TOTAL NET ASSETS—100% | $8,648,385,437 |
Federated Hermes Institutional Prime Obligations Fund, Institutional Shares | |
Value as of 7/31/2021 | $12,792,147,546 |
Purchases at Cost | $4,045,422,301 |
Proceeds from Sales | $(8,240,904,799) |
Change in Unrealized Appreciation/Depreciation | $(2,577,522) |
Net Realized Gain/(Loss) | $(630,304) |
Value as of 1/31/2022 | $8,593,457,222 |
Shares Held as of 1/31/2022 | 8,591,738,875 |
Dividend Income | $1,583,386 |
1 | 7-day net yield. |
2 | Also represents cost of investments for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following is a summary of the inputs used, as of January 31, 2022, in valuing the Fund’s assets carried at fair value:
Valuation Inputs | ||||
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Total | |
Investment Company | $8,593,457,222 | $— | $— | $8,593,457,222 |
Repurchase Agreement | — | 50,000,000 | — | 50,000,000 |
TOTAL SECURITIES | $8,593,457,222 | $50,000,000 | $— | $8,643,457,222 |
(For a Share Outstanding Throughout Each Period)
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.0004 | $1.0006 | $1.0003 | $1.0002 | $1.0002 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0002 | 0.0008 | 0.0136 | 0.0239 | 0.0156 | 0.0075 |
Net realized and unrealized gain (loss) | (0.0004) | (0.0002) | 0.0003 | 0.0001 | (0.0000)1 | 0.0002 |
Total From Investment Operations | (0.0002) | 0.0006 | 0.0139 | 0.0240 | 0.0156 | 0.0077 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0002) | (0.0008) | (0.0136) | (0.0239) | (0.0156) | (0.0075) |
Distributions from net realized gain | (0.0001) | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 |
Total Distributions | (0.0003) | (0.0008) | (0.0136) | (0.0239) | (0.0156) | (0.0075) |
Net Asset Value, End of Period | $0.9999 | $1.0004 | $1.0006 | $1.0003 | $1.0002 | $1.0002 |
Total Return2 | (0.02)% | 0.06% | 1.39% | 2.43% | 1.57% | 0.78% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.00%4, 5 | —% | 0.00%5 | —% | 0.00%5 | 0.20% |
Net investment income | 0.03%4 | 0.08% | 1.36% | 2.41% | 1.59% | 0.77% |
Expense waiver/ reimbursement6 | 0.29%4 | 0.29% | 0.29% | 0.29% | 0.29% | 0.09% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $8,150,150 | $12,120,572 | $15,937,441 | $13,599,422 | $6,992,551 | $4,454,446 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | Represents less than 0.01%. |
6 | This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
(For a Share Outstanding Throughout Each Period)
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.0003 | $1.0006 | $1.0003 | $1.0002 | $1.0002 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.0002 | 0.0111 | 0.0214 | 0.0131 | 0.0050 |
Net realized and unrealized gain (loss) | (0.0003) | (0.0003) | 0.0003 | 0.0001 | (0.0000)1 | 0.0002 |
Total From Investment Operations | (0.0002) | (0.0001) | 0.0114 | 0.0215 | 0.0131 | 0.0052 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0001) | (0.0002) | (0.0111) | (0.0214) | (0.0131) | (0.0050) |
Distributions from net realized gain | (0.0001) | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 |
Total Distributions | (0.0002) | (0.0002) | (0.0111) | (0.0214) | (0.0131) | (0.0050) |
Net Asset Value, End of Period | $0.9999 | $1.0003 | $1.0006 | $1.0003 | $1.0002 | $1.0002 |
Total Return2 | (0.02)% | (0.01)% | 1.14% | 2.18% | 1.31% | 0.53% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.02%4 | 0.08% | 0.25% | 0.25% | 0.25% | 0.45% |
Net investment income | 0.01%4 | 0.01% | 1.04% | 2.20% | 1.26% | 0.34% |
Expense waiver/reimbursement5 | 0.52%4 | 0.46% | 0.29% | 0.29% | 0.29% | 0.09% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $476,203 | $701,955 | $1,687,886 | $1,055,438 | $186,643 | $129,412 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
(For a Share Outstanding Throughout Each Period)
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.0003 | $1.0006 | $1.0003 | $1.0002 | $1.0002 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.0003 | 0.0126 | 0.0230 | 0.0146 | 0.0064 |
Net realized and unrealized gain (loss) | (0.0003) | (0.0003) | 0.0003 | (0.0000)1 | (0.0000)1 | 0.0003 |
Total From Investment Operations | (0.0002) | — | 0.0129 | 0.0230 | 0.0146 | 0.0067 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0001) | (0.0003) | (0.0126) | (0.0229) | (0.0146) | (0.0065) |
Distributions from net realized gain | (0.0001) | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 |
Total Distributions | (0.0002) | (0.0003) | (0.0126) | (0.0229) | (0.0146) | (0.0065) |
Net Asset Value, End of Period | $0.9999 | $1.0003 | $1.0006 | $1.0003 | $1.0002 | $1.0002 |
Total Return2 | (0.02)% | 0.00%3 | 1.29% | 2.33% | 1.47% | 0.68% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.02%5 | 0.06% | 0.10% | 0.10% | 0.10% | 0.30% |
Net investment income | 0.01%5 | 0.02% | 1.24% | 2.31% | 1.40% | 0.34% |
Expense waiver/reimbursement6 | 0.37%5 | 0.33% | 0.29% | 0.29% | 0.29% | 0.10% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $22,032 | $20,922 | $19,074 | $16,566 | $12,185 | $20,587 |
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 (loss) ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
January 31, 2022 (unaudited)
Assets: | |
Investment in securities, at value including $8,593,457,222 of investment in affiliated holdings* (identified cost $8,648,061,344) | $8,643,457,222 |
Cash | 438,939 |
Income receivable | 399,332 |
Receivable for shares sold | 10,367,598 |
Total Assets | 8,654,663,091 |
Liabilities: | |
Payable for shares redeemed | 5,700,242 |
Income distribution payable | 263,883 |
Payable for investment adviser fee (Note 5) | 43,661 |
Payable for administrative fee (Note 5) | 18,519 |
Payable for Directors’/Trustees’ fees (Note 5) | 217 |
Payable for other service fees (Notes 2 and 5) | 7,457 |
Accrued expenses (Note 5) | 243,675 |
Total Liabilities | 6,277,654 |
Net assets for 8,649,084,471 shares outstanding | $8,648,385,437 |
Net Assets Consist of: | |
Paid-in capital | $8,653,788,405 |
Total distributable earnings (loss) | (5,402,968) |
Total Net Assets | $8,648,385,437 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$8,150,149,851 ÷ 8,150,808,606 shares outstanding, no par value, unlimited shares authorized | $0.9999 |
Service Shares: | |
$476,203,439 ÷ 476,241,350 shares outstanding, no par value, unlimited shares authorized | $0.9999 |
Capital Shares: | |
$22,032,147 ÷ 22,034,515 shares outstanding, no par value, unlimited shares authorized | $0.9999 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended January 31, 2022 (unaudited)
Investment Income: | |
Dividends received from affiliated holdings* | $1,583,386 |
Interest | 52,286 |
TOTAL INCOME | 1,635,672 |
Expenses: | |
Investment adviser fee (Note 5) | 10,876,873 |
Administrative fee (Note 5) | 4,251,840 |
Custodian fees | 154,429 |
Transfer agent fees | 75,400 |
Directors’/Trustees’ fees (Note 5) | 32,735 |
Auditing fees | 12,448 |
Legal fees | 4,760 |
Portfolio accounting fees | 110,550 |
Other service fees (Notes 2 and 5) | 741,275 |
Share registration costs | 51,299 |
Printing and postage | 19,689 |
Miscellaneous (Note 5) | 60,646 |
TOTAL EXPENSES | 16,391,944 |
Waivers and Reimbursements: | |
Waiver/reimbursement of investment adviser fee (Note 5) | (10,876,873) |
Waivers/reimbursements of other operating expenses (Notes 2 and 5) | (5,453,826) |
TOTAL WAIVERS AND REIMBURSEMENTS | (16,330,699) |
Net expenses | 61,245 |
Net investment income | 1,574,427 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized loss on investments in an affiliated holding* | (630,304) |
Net change in unrealized depreciation of investments in an affiliated holding* | (2,577,522) |
Net realized and unrealized gain (loss) on investments | (3,207,826) |
Change in net assets resulting from operations | $(1,633,399) |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended 7/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $1,574,427 | $11,908,591 |
Net realized gain (loss) | (630,304) | 2,616,301 |
Net change in unrealized appreciation/depreciation | (2,577,522) | (6,530,073) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | (1,633,399) | 7,994,819 |
Distributions to Shareholders: | ||
Institutional Shares | (2,774,903) | (13,019,895) |
Service Shares | (101,520) | (193,751) |
Capital Shares | (3,955) | (6,051) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (2,880,378) | (13,219,697) |
Share Transactions: | ||
Proceeds from sale of shares | 17,542,128,173 | 49,680,032,925 |
Net asset value of shares issued to shareholders in payment of distributions declared | 922,389 | 4,229,653 |
Cost of shares redeemed | (21,733,600,579) | (54,479,989,537) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (4,190,550,017) | (4,795,726,959) |
Change in net assets | (4,195,063,794) | (4,800,951,837) |
Net Assets: | ||
Beginning of period | 12,843,449,231 | 17,644,401,068 |
End of period | $8,648,385,437 | $12,843,449,231 |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $730,674 | $(1,774) | $(669,977) |
Capital Shares | 10,601 | (55) | (8,223) |
TOTAL | $741,275 | $(1,829) | $(678,200) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 17,493,180,692 | $17,496,218,193 | 48,981,048,371 | $48,998,521,164 |
Shares issued to shareholders in payment of distributions declared | 817,897 | 817,941 | 4,030,582 | 4,032,084 |
Shares redeemed | (21,459,448,551) | (21,463,200,799) | (52,796,548,875) | (52,814,602,302) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (3,965,449,962) | $(3,966,164,665) | (3,811,469,922) | $(3,812,049,054) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 43,307,781 | $43,314,097 | 664,745,362 | $664,998,659 |
Shares issued to shareholders in payment of distributions declared | 100,516 | 100,521 | 192,418 | 192,481 |
Shares redeemed | (268,880,979) | (268,919,814) | (1,650,094,556) | (1,650,722,974) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (225,472,682) | $(225,505,196) | (985,156,776) | $(985,531,834) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,595,517 | $2,595,883 | 16,507,178 | $16,513,102 |
Shares issued to shareholders in payment of distributions declared | 3,927 | 3,927 | 5,086 | 5,088 |
Shares redeemed | (1,479,678) | (1,479,966) | (14,659,841) | (14,664,261) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | 1,119,766 | $1,119,844 | 1,852,423 | $1,853,929 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (4,189,802,878) | $(4,190,550,017) | (4,794,774,275) | $(4,795,726,959) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2021 | Ending Account Value 1/31/2022 | Expenses Paid During Period1 | |
Actual: | |||
Institutional Shares | $1,000 | $999.80 | $—2 |
Service Shares | $1,000 | $999.80 | $0.103 |
Capital Shares | $1,000 | $999.80 | $0.104 |
Hypothetical (assuming a 5% return before expenses): | |||
Institutional Shares | $1,000 | $1,025.21 | $—2 |
Service Shares | $1,000 | $1,025.10 | $0.103 |
Capital Shares | $1,000 | $1,025.10 | $0.104 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Institutional Shares | 0.00% |
Service Shares | 0.02% |
Capital Shares | 0.02% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Service Shares current Fee Limit of 0.45% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.27 and $2.30, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Capital Shares current Fee Limit of 0.30% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.51 and $1.53, respectively. |
Security Type | Percentage of Total Net Assets |
Commercial Paper | 39.0% |
Other Repurchase Agreements and Repurchase Agreements | 27.5% |
Bank Instruments | 24.6% |
Variable Rate Instruments | 8.2% |
Municipal Bond | 0.5% |
U.S. Treasury Securities | 0.4% |
Other Assets and Liabilities—Net2 | (0.2)% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days2 | 51.1% |
8-30 Days | 13.1% |
31-90 Days | 22.7% |
91-180 Days | 7.6% |
181 Days or more | 5.7% |
Other Assets and Liabilities—Net3 | (0.2)% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Overnight securities comprised 26.9% of the Fund’s portfolio. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— 39.0% | ||
Finance - Banking— 21.2% | |||
$225,000,000 | Bank of Nova Scotia, Toronto, 0.200% - 0.300%, 6/3/2022 - 9/29/2022 | $ 224,133,576 | |
115,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.200% - 0.371%, 4/27/2022 - 7/5/2022 | 114,869,992 | |
75,000,000 | BPCE SA, 0.145%, 3/10/2022 | 74,988,823 | |
64,000,000 | Canadian Imperial Bank of Commerce, 0.503%, 12/1/2022 | 63,521,707 | |
50,000,000 | Canadian Imperial Holdings, Inc., 0.351%, 11/8/2022 | 49,671,776 | |
80,000,000 | Commonwealth Bank of Australia, 0.160%, 4/7/2022 | 79,978,880 | |
20,000,000 | DNB Bank ASA, 0.100%, 2/8/2022 | 19,999,611 | |
50,000,000 | DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 0.065%, 2/1/2022 | 50,000,000 | |
85,000,000 | Gotham Funding Corp., (MUFG Bank Ltd. LIQ), 0.160%, 2/10/2022 | 84,996,600 | |
191,000,000 | Matchpoint Finance PLC, (BNP Paribas SA LIQ), 0.200% - 0.270%, 2/24/2022 - 4/4/2022 | 190,943,051 | |
607,000,000 | Nationwide Building Society, 0.100% - 0.105%, 2/14/2022 - 2/22/2022 | 606,971,753 | |
70,000,000 | Royal Bank of Canada, 0.210% - 0.241%, 4/14/2022 - 7/7/2022 | 69,908,184 | |
120,000,000 | Royal Bank of Canada, 0.251% - 0.341%, 10/14/2022 - 11/1/2022 | 119,313,684 | |
80,000,000 | Royal Bank of Canada, New York Branch, 0.371% - 0.402%, 11/9/2022 - 11/15/2022 | 79,486,541 | |
80,250,000 | Sumitomo Mitsui Banking Corp., 0.200% - 0.205%, 3/2/2022 - 3/3/2022 | 80,236,777 | |
440,000,000 | Toronto Dominion Bank, 0.200% - 0.251%, 4/20/2022 - 7/7/2022 | 439,661,156 | |
130,000,000 | Westpac Banking Corp. Ltd., Sydney, 0.231% - 0.241%, 3/11/2022 - 3/24/2022 | 129,958,717 | |
TOTAL | 2,478,640,828 | ||
Finance - Commercial— 5.3% | |||
147,500,000 | Atlantic Asset Securitization LLC, 0.120% - 0.160%, 2/16/2022 - 3/10/2022 | 147,483,403 | |
95,787,000 | Bennington Stark Capital Co., LLC, (Societe Generale, Paris LIQ), 0.150%, 3/4/2022 | 95,774,627 | |
80,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.150%, 3/8/2022 | 80,000,000 | |
20,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.160%, 4/6/2022 | 20,000,000 | |
140,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 5/23/2022 | 140,000,000 | |
139,724,000 | Ridgefield Funding Company, LLC Series A, 0.150% - 0.270%, 2/4/2022 - 4/4/2022 | 139,681,604 | |
TOTAL | 622,939,634 |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Finance - Retail— 3.6% | |||
$ 20,000,000 | CAFCO, LLC, 0.451%, 6/10/2022 | $ 19,975,950 | |
75,000,000 | Chariot Funding LLC, 0.120%, 2/10/2022 | 74,997,750 | |
25,000,000 | Fairway Finance Co. LLC, 0.150%, 3/2/2022 | 24,996,979 | |
25,000,000 | Old Line Funding, LLC, 0.160%, 2/3/2022 | 24,999,778 | |
50,000,000 | Old Line Funding, LLC, 0.160%, 4/7/2022 | 49,979,284 | |
13,000,000 | Old Line Funding, LLC, 0.280%, 6/27/2022 | 13,003,926 | |
122,000,000 | Sheffield Receivables Co., LLC, 0.160% - 0.240%, 2/7/2022 - 3/18/2022 | 121,976,208 | |
17,500,000 | Starbird Funding Corp., 0.260%, 4/1/2022 | 17,492,543 | |
50,000,000 | Thunder Bay Funding, LLC, 0.160%, 3/14/2022 | 49,990,889 | |
25,000,000 | Thunder Bay Funding, LLC, 0.290%, 4/27/2022 | 24,983,935 | |
TOTAL | 422,397,242 | ||
Finance - Securities— 6.8% | |||
40,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Societe Generale, Paris COL), 0.200%, 5/18/2022 | 40,000,000 | |
8,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Societe Generale, Paris COL), 0.220%, 7/8/2022 | 8,000,000 | |
250,000,000 | Anglesea Funding LLC, 0.160% - 0.200%, 2/1/2022 - 3/18/2022 | 249,985,097 | |
45,000,000 | Collateralized Commercial Paper FLEX Co., LLC, 0.160% - 0.160%, 2/2/2022 - 3/1/2022 | 44,997,400 | |
415,000,000 | Collateralized Commercial Paper V Co. LLC, 0.170% - 0.361%, 3/2/2022 - 7/8/2022 | 414,661,665 | |
33,000,000 | Great Bear Funding LLC, (Bank of Nova Scotia, Toronto COL), 0.110%, 2/11/2022 | 32,998,992 | |
TOTAL | 790,643,154 | ||
Insurance— 0.9% | |||
110,000,000 | MetLife Short Term Funding LLC, 0.140% - 0.140%, 3/15/2022 - 3/16/2022 | 109,981,800 | |
Sovereign— 1.2% | |||
41,500,000 | Erste Abwicklungsanstalt, 0.110%, 2/17/2022 | 41,497,971 | |
20,000,000 | Export Development Canada, (Canada, Government of SUB), 0.090%, 3/7/2022 | 19,998,300 | |
75,000,000 | Nederlandse Waterschapsbank NV, 0.110% - 0.115%, 2/11/2022 - 3/4/2022 | 74,994,284 | |
TOTAL | 136,490,555 | ||
TOTAL COMMERCIAL PAPER (IDENTIFIED COST $4,562,896,287) | 4,561,093,213 | ||
CERTIFICATES OF DEPOSIT— 14.1% | |||
Finance - Banking— 14.1% | |||
104,000,000 | 2 | Bank of Montreal, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 103,962,065 |
Principal Amount | Value | ||
CERTIFICATES OF DEPOSIT— continued | |||
Finance - Banking— continued | |||
$400,000,000 | Bank of Montreal, 0.210% - 0.240%, 3/3/2022 - 7/26/2022 | $ 399,879,268 | |
100,000,000 | 2 | Bank of Nova Scotia, Toronto, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 99,961,084 |
50,000,000 | 2 | Bank of Nova Scotia, Toronto, 0.300% (Secured Overnight Financing Rate +0.250%), 2/1/2022 | 49,992,506 |
50,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.250% (Secured Overnight Financing Rate +0.200%), 2/1/2022 | 50,020,159 |
25,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.260% (Secured Overnight Financing Rate +0.210%), 2/1/2022 | 24,995,573 |
80,000,000 | Mizuho Bank Ltd., 0.250%, 3/22/2022 - 3/23/2022 | 80,000,000 | |
181,000,000 | MUFG Bank Ltd., 0.170% - 0.180%, 2/18/2022 - 3/21/2022 | 181,000,000 | |
50,000,000 | Royal Bank of Canada, 0.210%, 3/9/2022 | 50,000,000 | |
236,000,000 | Sumitomo Mitsui Banking Corp., 0.200% - 0.250%, 2/28/2022 - 3/28/2022 | 236,000,000 | |
194,000,000 | Sumitomo Mitsui Trust Bank Ltd., 0.150% - 0.220%, 2/2/2022 - 3/14/2022 | 194,000,000 | |
175,000,000 | Toronto Dominion Bank, 0.220% - 0.320%, 4/1/2022 - 11/23/2022 | 174,614,175 | |
TOTAL CERTIFICATES OF DEPOSIT (IDENTIFIED COST $1,645,000,000) | 1,644,424,830 | ||
TIME DEPOSITS— 10.5% | |||
Finance - Banking— 10.5% | |||
580,000,000 | ABN Amro Bank NV, 0.080%, 2/1/2022 - 2/3/2022 | 580,000,000 | |
500,000,000 | Australia & New Zealand Banking Group, Melbourne, 0.070%, 2/1/2022 | 500,000,000 | |
145,000,000 | Mizuho Bank Ltd., 0.070%, 2/1/2022 | 145,000,000 | |
TOTAL TIME DEPOSITS (IDENTIFIED COST $1,225,000,000) | 1,225,000,000 | ||
2 | NOTES - VARIABLE— 8.2% | ||
Finance - Banking— 5.5% | |||
28,500,000 | Calhoun County, TX Navigation District Environmental Facilities (Formosa Plastic Corp.), (Series 2006) Weekly VRDNs, (Bank of America N.A. LOC), 0.080%, 2/3/2022 | 28,500,000 | |
4,025,000 | Centra State Medical Arts Building LLC, (TD Bank, N.A. LOC), 0.120%, 2/2/2022 | 4,025,000 | |
31,000,000 | Clark County, NV Airport System, Subordinate Lien Revenue Bonds (Series 2008 C-2) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 0.090%, 2/2/2022 | 31,000,000 | |
16,700,000 | Greene County Development Authority, Reynolds Lodge, LLC Series 2000B, (U.S. Bank, N.A. LOC), 0.080%, 2/2/2022 | 16,700,000 | |
3,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project 2013A, (Bank of America N.A. LOC), 0.120%, 2/3/2022 | 3,000,000 | |
7,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project, (Bank of America N.A. LOC), 0.120%, 2/3/2022 | 7,000,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 7,595,000 | Gulf Gate Apartments LLC, Series 2003, (Wells Fargo Bank, N.A. LOC), 0.100%, 2/3/2022 | $ 7,595,000 | |
12,865,000 | Hamilton Station Park and Ride, Series 2005, (Wells Fargo Bank, N.A. LOC), 0.100%, 2/3/2022 | 12,865,000 | |
14,500,000 | JEA, FL Electric System, (Series Three 2008B-2: Senior Revenue Bonds) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.070%, 2/2/2022 | 14,500,000 | |
15,365,000 | Los Angeles County Fair Association, (Wells Fargo Bank, N.A. LOC), 0.100%, 2/2/2022 | 15,365,000 | |
9,000,000 | Michael Dennis Sullivan Irrevocable Trust, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/3/2022 | 9,000,000 | |
34,000,000 | Nuveen Floating Rate Income Fund, (Series A), (Sumitomo Mitsui Banking Corp. LOC), 0.210%, 2/3/2022 | 34,000,000 | |
3,775,000 | Public Building Corp. Springfield, MO, Jordan Valley Ice Park, Series 2003, (U.S. Bank, N.A. LOC), 0.170%, 2/3/2022 | 3,775,000 | |
152,500,000 | Royal Bank of Canada, New York Branch, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 152,446,468 | |
18,965,000 | Salem Green, LLP, Salem Green Apartments Project, Series 2010, (Wells Fargo Bank, N.A. LOC), 0.100%, 2/3/2022 | 18,965,000 | |
20,000,000 | SSAB AB (publ), Series 2015-B, (Nordea Bank Abp LOC), 0.120%, 2/3/2022 | 20,000,000 | |
68,236,712 | Taxable Tender Option Bond Trust 2021-MIZ9060TX, (Series 2021-MIZ9060TX) VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.340%, 2/1/2022 | 68,236,712 | |
30,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9070TX, (Series 2021-MIZ9070TX) VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.490%, 2/1/2022 | 30,000,000 | |
25,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9071TX, (Series 2021-MIZ9071TX) VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.490%, 2/1/2022 | 25,000,000 | |
12,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9074TX, (Series 2021-MIZ-9074TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 12,000,000 | |
10,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9075TX, (Series MIZ-9075TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 10,000,000 | |
4,680,000 | Taxable Tender Option Bond Trust 2021-MIZ9077TX, (Series 2021-MIZ9077TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 4,680,000 | |
3,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9078TX, (Series 2021-MIZ9078TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 3,000,000 | |
21,100,000 | Taxable Tender Option Bond Trust 2021-MIZ9081TX, (Series 2021-MIZ9081TX) Weekly VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.180%, 2/3/2022 | 21,100,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 13,200,000 | Taxable Tender Option Bond Trust 2021-MIZ9082TX, (Series 2021-MIZ9082TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | $ 13,200,000 | |
5,935,000 | Taxable Tender Option Bond Trust 2021-MIZ9083TX, (Series 2021-MIZ9083TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 5,935,000 | |
68,300,000 | Triborough Bridge & Tunnel Authority, NY, (Taxable Series E) Weekly VRDNs, (Bank of America N.A. LOC), 0.100%, 2/3/2022 | 68,300,000 | |
3,600,000 | Village Green Finance Co. LLC, (Series 1997), (Wells Fargo Bank, N.A. LOC), 0.100%, 2/2/2022 | 3,600,000 | |
6,085,000 | Yeshivas Novominsk, Series 2008, (TD Bank, N.A. LOC), 0.190%, 2/3/2022 | 6,085,000 | |
TOTAL | 649,873,180 | ||
Government Agency— 2.7% | |||
5,285,000 | 1320 W Jefferson LLC, (FHLB of San Francisco LOC), 0.120%, 2/2/2022 | 5,285,000 | |
42,450,000 | Archer 1 LLC, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 42,450,000 | |
9,015,000 | Austen Children’s Gift Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 9,015,000 | |
6,830,000 | Baker Life Insurance Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 6,830,000 | |
29,850,000 | BWF Forge TL Properties Owner LLC, (FHLB of Des Moines LOC)/(FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 29,850,000 | |
5,705,000 | Catania Family Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 5,705,000 | |
5,485,000 | Herman & Kittle Capital, LLC, Canterbury House Apartments- Lebanon Project Series 2005, (FHLB of Cincinnati LOC), 0.120%, 2/3/2022 | 5,485,000 | |
32,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-A, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 32,000,000 | |
16,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-B, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 16,000,000 | |
4,270,000 | Jim Brooks Irrevocable Trust, (FHLB of Dallas LOC), 0.110%, 2/3/2022 | 4,270,000 | |
11,570,000 | Joseph L. Goggins Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 11,570,000 | |
3,655,000 | Karyn Brooks Descendants Trust, (FHLB of Dallas LOC), 0.110%, 2/3/2022 | 3,655,000 | |
6,380,000 | MHF DKF Insurance Trust, (FHLB of Dallas LOC), 0.120%, 2/2/2022 | 6,380,000 | |
17,030,000 | Mohr Green Associates L.P., 2012-A, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 17,030,000 | |
22,610,000 | NWD 2017 Family Trust No. 1, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 22,610,000 | |
19,640,000 | OSL Santa Rosa Fountaingrove LLC, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 19,640,000 | |
9,080,000 | Park Stanton Place LP, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 9,080,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 5,010,000 | R.J. Brooks Jr. Irrevocable Trust, (FHLB of Dallas LOC), 0.110%, 2/3/2022 | $ 5,010,000 | |
6,980,000 | RK Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 6,980,000 | |
6,255,000 | Sibley Family Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 6,255,000 | |
6,610,000 | The CLC Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 6,610,000 | |
5,120,000 | The Eugene Kim Irrevocable Life Insurance Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 5,120,000 | |
22,830,000 | The Gregory P. Berry Trust, (FHLB of Des Moines LOC), 0.120%, 2/2/2022 | 22,830,000 | |
5,740,000 | The Leopold Family Insurance Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 5,740,000 | |
5,975,000 | The Thompson 2018 Family Trust, (FHLB of Dallas LOC), 0.110%, 2/3/2022 | 5,975,000 | |
TOTAL | 311,375,000 | ||
TOTAL NOTES - VARIABLE (IDENTIFIED COST $961,301,713) | 961,248,180 | ||
MUNICIPAL BOND— 0.5% | |||
Municipal— 0.5% | |||
55,500,000 | Metropolitan Transportation Authority, NY (Fully Appropriated COVID Operating Grants-Federally Taxable), (Series A) GANs, 0.777%, 11/15/2022 (IDENTIFIED COST $55,500,000) | 55,504,007 | |
U.S. TREASURY— 0.4% | |||
U.S. Treasury Notes— 0.4% | |||
50,000,000 | 2 | United States Treasury Floating Rate Notes, 0.224% (91-day T-Bill +0.034%), 2/1/2022 (IDENTIFIED COST $50,005,030) | 50,048,738 |
OTHER REPURCHASE AGREEMENTS— 22.3% | |||
Finance - Banking— 22.3% | |||
100,000,000 | BMO Capital Markets Corp., 0.25%, dated 2/8/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,255,411 on 7/12/2022, in which asset-backed securities, corporate bonds, medium-term notes and Sovereign with a market value of $204,258,377 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
100,130,000 | BNP Paribas SA, 0.15%, dated 1/31/2022, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,000,625 on 2/1/2022, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term notes and Sovereign with a market value of $153,048,760 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,130,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$100,000,000 | BofA Securities, Inc. 0.69%, dated 9/4/2020, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,172,500 on 5/3/2022, in which American depositary receipts, convertible bonds, exchange-traded funds and Sovereign with a market value of $102,056,696 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 100,000,000 | |
250,000,000 | BofA Securities, Inc. 0.69%, dated 9/9/2020, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,431,250 on 5/3/2022, in which American depositary receipts, convertible bonds, exchange-traded funds and Sovereign with a market value of $255,141,738 have been received as collateral and held with BNY Mellon as tri-party agent. | 250,000,000 | |
95,000,000 | BofA Securities, Inc. 0.10%, dated 1/31/2022, interest in a $95,000,000 collateralized loan agreement will repurchase securities provided as collateral for $95,000,264 on 2/1/2022, in which commercial paper with a market value of $96,900,270 have been received as collateral and held with BNY Mellon as tri-party agent. | 95,000,000 | |
165,000,000 | Credit Agricole S.A., 0.13%, dated 12/20/2021, interest in a $535,000,000 collateralized loan agreement will repurchase securities provided as collateral for $535,013,524 on 2/9/2022, in which asset-backed securities, treasury bills, corporate bonds, collateralized mortgage obligations, commercial paper, medium-term notes, treasury notes, and sovereign debt with a market value of $545,746,058 have been received as collateral and held with BNY Mellon as tri-party agent. | 165,000,000 | |
165,000,000 | Credit Agricole S.A., 0.22%, dated 1/12/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,012,833 on 2/9/2022, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, commercial paper, medium-term notes, and sovereign debt with a market value of $306,001,870 have been received as collateral and held with BNY Mellon as tri-party agent. | 165,000,000 | |
105,000,000 | HSBC Securities (USA), Inc., 0.17%, dated 1/31/2022, interest in a $155,000,000 collateralized loan agreement will repurchase securities provided as collateral for $155,000,732 on 2/1/2022, in which corporate bonds, medium-term notes and Sovereign debt with a market value of $158,100,224 have been received as collateral and held with BNY Mellon as tri-party agent. | 105,000,000 | |
60,000,000 | HSBC Securities (USA), Inc., 0.27%, dated 1/31/2022, interest in a $80,000,000 collateralized loan agreement will repurchase securities provided as collateral for $80,000,600 on 2/1/2022, in which asset-backed securities, corporate bonds, medium-term notes and Sovereign debt with a market value of $81,600,001 have been received as collateral and held with BNY Mellon as tri-party agent. | 60,000,000 | |
49,140,000 | ING Financial Markets LLC, 0.14%, dated 1/31/2022, interest in a $50,000,000 collateralized loan agreement will repurchase securities provided as collateral for $50,000,194 on 2/1/2022, in which corporate bonds and medium-term notes with a market value of $51,000,376 have been received as collateral and held with BNY Mellon as tri-party agent. | 49,140,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 61,500,000 | J.P. Morgan Securities LLC, 0.32%, dated 1/12/2022, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,073,333 on 2/14/2022, in which corporate bonds with market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 61,500,000 | |
75,000,000 | Mizuho Securities USA, Inc., 0.27%, dated 1/31/2022, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,001,125 on 2/1/2022, in which common stocks with a market value of $153,004,640 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
100,000,000 | Mizuho Securities USA, Inc., 0.17%, dated 1/31/2022, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,000,472 on 2/1/2022, in which municipal bonds and asset-backed securities with a market value of $102,000,482 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
303,095,000 | MUFG Securities Americas, Inc., 0.22%, dated 1/31/2022, interest in a $550,000,000 collateralized loan agreement will repurchase securities provided as collateral for $550,003,361 on 2/1/2022, in which American depositary receipts, common stocks, convertible bonds, exchange-traded funds and unit investment trust with a market value of $561,013,715 have been received as collateral and held with BNY Mellon as tri-party agent. | 303,095,000 | |
185,000,000 | Pershing LLC., 0.32%, dated 12/22/2021, interest in a $400,000,000 collateralized loan agreement will repurchase securities provided as collateral for $400,024,889 on 2/9/2022, in which asset-backed securities, corporate bonds, common stocks, commercial paper, exchange-traded funds, medium-term notes and municipal bonds with a market value of $408,004,304 have been received as collateral and held with BNY Mellon as tri-party agent. | 185,000,000 | |
303,130,000 | Societe Generale, Paris 0.22%, dated 1/31/2022, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,003,972 on 2/1/2022, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term notes and sovereign debt with a market value of $663,016,207 have been received as collateral and held with BNY Mellon as tri-party agent. | 303,130,000 | |
125,000,000 | Societe Generale, Paris, 0.13%, dated 1/31/2022, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,001,264 on 2/1/2022, in which asset-backed securities, treasury bonds, corporate bonds, collateralized mortgage obligations, medium-term notes and sovereign debt with a market value of $357,005,217 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
47,130,000 | Standard Chartered Bank, 0.16%, dated 1/31/2022, interest in a $100,000,444 collateralized loan agreement will repurchase securities provided as collateral for $100,000,444 on 2/1/2022, in which treasury bonds with a market value of $102,000,551 have been received as collateral and held with BNY Mellon as tri-party agent. | 47,130,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 70,000,000 | Wells Fargo Securities LLC, 0.73%, dated 1/27/2022, interest in a $70,000,000 collateralized loan agreement will repurchase securities provided as collateral for $70,126,331 on 4/26/2022, with a market value of $71,407,348 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 70,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 0.66%, dated 5/20/2020, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,074,250 on 2/3/2022, in which exchange-traded funds with a market value of $153,070,172 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS (IDENTIFIED COST $2,609,125,000) | 2,609,125,000 | ||
REPURCHASE AGREEMENTS— 5.2% | |||
Finance - Banking— 5.2% | |||
500,000,000 | Interest in $1,650,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $1,650,002,521 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 10/16/2063 and the market value of those underlying securities was $1,690,202,215. | 500,000,000 | |
103,000,000 | Interest in $3,000,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $3,000,004,583 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 10/1/2051 and the market value of those underlying securities was $3,060,315,432. | 103,000,000 | |
TOTAL REPURCHASE AGREEMENTS (IDENTIFIED COST $603,000,000) | 603,000,000 | ||
TOTAL INVESTMENT IN SECURITIES—100.2% (IDENTIFIED COST $11,711,828,030)3 | 11,709,443,968 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.2)%4 | (20,500,137) | ||
TOTAL NET ASSETS—100% | $11,688,943,831 |
1 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
3 | Also represents cost of investments for federal tax purposes. |
4 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
FHLB | —Federal Home Loan Bank | |
GANs | —Grant Anticipation Notes | |
GTD | —Guaranteed | |
LIQ | —Liquidity Agreement | |
LLP | —Limited Liability Partnership | |
LOC | —Letter of Credit | |
MHF | —Maryland Housing Fund | |
PLC | —Public Limited Company | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.0005 | $1.0007 | $1.0004 | $1.0003 | $1.0003 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0002 | 0.0008 | 0.0136 | 0.0239 | 0.0156 | 0.0063 |
Net realized and unrealized gain (loss) | (0.0003) | (0.0002) | 0.0003 | 0.0001 | 0.00001 | 0.0011 |
Total From Investment Operations | (0.0001) | 0.0006 | 0.0139 | 0.0240 | 0.0156 | 0.0074 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0002) | (0.0008) | (0.0136) | (0.0239) | (0.0156) | (0.0063) |
Distributions from net realized gain | — | — | — | — | — | (0.0008) |
Total Distributions | (0.0002) | (0.0008) | (0.0136) | (0.0239) | (0.0156) | (0.0071) |
Net Asset Value, End of Period | $1.0002 | $1.0005 | $1.0007 | $1.0004 | $1.0003 | $1.0003 |
Total Return2 | (0.01)% | 0.05% | 1.39% | 2.43% | 1.57% | 0.66% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.15%4 | 0.15% | 0.15% | 0.15% | 0.17% | 0.20% |
Net investment income | 0.03%4 | 0.08% | 1.37% | 2.41% | 1.62% | 0.40% |
Expense waiver/ reimbursement5 | 0.13%4 | 0.13% | 0.13% | 0.13% | 0.12% | 0.10% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $11,659,457 | $15,298,656 | $23,611,390 | $21,146,776 | $10,941,508 | $787,309 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
January 31, 2022 (unaudited)
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $3,212,125,000 |
Investment in securities | 8,497,318,968 |
Investment in securities, at value (identified cost $11,711,828,030) | 11,709,443,968 |
Income receivable | 1,929,991 |
Receivable for shares sold | 300 |
Total Assets | 11,711,374,259 |
Liabilities: | |
Payable for investments purchased | 9,000,000 |
Bank overdraft | 12,587,083 |
Income distribution payable | 435,463 |
Payable to adviser (Note 5) | 21,492 |
Payable for administrative fee (Note 5) | 25,043 |
Accrued expenses (Note 5) | 361,347 |
Total Liabilities | 22,430,428 |
Net assets for 11,686,723,926 shares outstanding | $11,688,943,831 |
Net Assets Consist of: | |
Paid-in capital | $11,692,732,645 |
Total distributable earnings (loss) | (3,788,814) |
Total Net Assets | $11,688,943,831 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$11,659,457,037 ÷ 11,657,242,876 shares outstanding, no par value, unlimited shares authorized | $1.0002 |
Service Shares: | |
$29,486,694 ÷ 29,480,950 shares outstanding, no par value, unlimited shares authorized | $1.0002 |
Capital Shares: | |
$100 ÷ 100 shares outstanding, no par value, unlimited shares authorized | $1.0005* |
* | Actual net asset value per share presented differs from calculated net asset value per share due to rounding. |
Six Months Ended January 31, 2022 (unaudited)
Investment Income: | |
Interest | $12,381,845 |
Expenses: | |
Investment adviser fee (Note 5) | 13,371,382 |
Administrative fee (Note 5) | 5,227,961 |
Custodian fees | 243,560 |
Transfer agent fees | 90,097 |
Directors’/Trustees’ fees (Note 5) | 40,549 |
Auditing fees | 12,449 |
Legal fees | 4,537 |
Portfolio accounting fees | 135,632 |
Other service fees (Notes 2 and 5) | 25,572 |
Share registration costs | 32,208 |
Printing and postage | 10,057 |
Miscellaneous (Note 5) | 61,625 |
TOTAL EXPENSES | 19,255,629 |
Waivers and Reimbursement: | |
Waiver of investment adviser fee (Note 5) | (8,873,921) |
Waivers/reimbursement of other operating expenses (Notes 2 and 5) | (22,758) |
TOTAL WAIVERS AND REIMBURSEMENT | (8,896,679) |
Net expenses | 10,358,950 |
Net investment income | 2,022,895 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized gain on investments | 2,055 |
Net change in unrealized appreciation of investments | (3,513,001) |
Net realized and unrealized gain (loss) on investments | (3,510,946) |
Change in net assets resulting from operations | $(1,488,051) |
Six Months Ended (unaudited) 1/31/2022 | Year Ended 7/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $2,022,895 | $17,271,664 |
Net realized gain (loss) | 2,055 | 113,108 |
Net change in unrealized appreciation/depreciation | (3,513,001) | (6,131,457) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | (1,488,051) | 11,253,315 |
Distributions to Shareholders: | ||
Institutional Shares | (1,990,591) | (17,245,644) |
Service Shares | (1,237) | (4,862) |
Capital Shares | (48) | (8,147) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (1,991,876) | (17,258,653) |
Share Transactions: | ||
Proceeds from sale of shares | 7,207,211,309 | 36,831,815,005 |
Net asset value of shares issued to shareholders in payment of distributions declared | 290,001 | 3,142,765 |
Cost of shares redeemed | (10,850,647,601) | (45,212,117,547) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (3,643,146,291) | (8,377,159,777) |
Change in net assets | (3,646,626,218) | (8,383,165,115) |
Net Assets: | ||
Beginning of period | 15,335,570,049 | 23,718,735,164 |
End of period | $11,688,943,831 | $15,335,570,049 |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $25,332 | $(2,332) | $(20,227) |
Capital Shares | 240 | (112) | (87) |
TOTAL | $25,572 | $(2,444) | $(20,314) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 6,980,641,235 | $6,983,016,757 | 36,196,687,324 | $36,215,427,054 |
Shares issued to shareholders in payment of distributions declared | 289,028 | 289,112 | 3,128,894 | 3,130,517 |
Shares redeemed | (10,615,300,226) | (10,619,030,786) | (44,503,031,101) | (44,525,308,528) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (3,634,369,963) | $(3,635,724,917) | (8,303,214,883) | $(8,306,750,957) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 224,115,890 | $224,194,552 | 320,686,975 | $320,849,653 |
Shares issued to shareholders in payment of distributions declared | 850 | 851 | 4,099 | 4,101 |
Shares redeemed | (227,033,209) | (227,116,248) | (372,056,896) | (372,241,775) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (2,916,469) | $(2,920,845) | (51,365,822) | $(51,388,021) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | — | $— | 295,358,986 | $295,538,298 |
Shares issued to shareholders in payment of distributions declared | 38 | 38 | 8,141 | 8,147 |
Shares redeemed | (4,498,390) | (4,500,567) | (314,377,023) | (314,567,244) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (4,498,352) | $(4,500,529) | (19,009,896) | $(19,020,799) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (3,641,784,784) | $(3,643,146,291) | (8,373,590,601) | $(8,377,159,777) |
Short-Term | Long-Term | Total |
$1,455,235 | $— | $1,455,235 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2021 | Ending Account Value 1/31/2022 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $999.90 | $0.762 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,024.45 | $0.772 |
1 | Expenses are equal to the Fund’s Institutional Shares annualized net expense ratio of 0.15%, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
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Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N575
CUSIP 60934N567
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Share Class | Ticker | Institutional | PVOXX |
Federated Hermes Institutional Prime Value Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
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The Share Price will fluctuate. It is possible to lose money by investing in the Fund.
Security Type | Percentage of Total Net Assets2 |
Commercial Paper | 38.8% |
Other Repurchase Agreements and Repurchase Agreements | 27.9% |
Bank Instruments | 24.4% |
Variable Rate Instruments | 8.1% |
Municipal Bonds | 0.5% |
U.S. Treasury and Agency Securities | 0.4% |
Other Assets and Liabilities—Net3 | (0.1)% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. |
2 | As of the date specified above, the Fund owned shares of one or more affiliated investment companies. For purposes of this table, the affiliated investment company (other than an affiliated money market mutual fund) is not treated as a single portfolio security, but rather the Fund is treated as owning a pro rata portion of each security and each other asset and liability owned by the affiliated investment company. Accordingly, the percentages of total net assets shown in the table will differ from those presented on the Portfolio of Investments. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Shares or Principal Amount | Value | ||
INVESTMENT COMPANY— 99.3% | |||
8,591,738,875 | Federated Hermes Institutional Prime Obligations Fund, Institutional Shares, 0.06%1 (IDENTIFIED COST $8,598,061,344) | $8,593,457,222 | |
OTHER REPURCHASE AGREEMENTS— 0.6% | |||
Finance - Banking— 0.6% | |||
$ 50,000,000 | BMO Capital Markets Corp., 0.17%, dated 1/31/2022, interest in a $155,000,000 collateralized loan agreement will repurchase securities provided as collateral for $155,000,732 on 2/1/2022, in which asset-backed securities corporate bonds, medium-term notes and Sovereign with a market value of $158,100,224 have been received as collateral and held with BNY Mellon as tri-party agent. (IDENTIFIED COST $50,000,000) | 50,000,000 | |
TOTAL INVESTMENT IN SECURITIES—99.9% (IDENTIFIED COST $8,648,061,344)2 | 8,643,457,222 | ||
OTHER ASSETS AND LIABILITIES - NET—0.1%3 | 4,928,215 | ||
TOTAL NET ASSETS—100% | $8,648,385,437 |
Federated Hermes Institutional Prime Obligations Fund, Institutional Shares | |
Value as of 7/31/2021 | $12,792,147,546 |
Purchases at Cost | $4,045,422,301 |
Proceeds from Sales | $(8,240,904,799) |
Change in Unrealized Appreciation/Depreciation | $(2,577,522) |
Net Realized Gain/(Loss) | $(630,304) |
Value as of 1/31/2022 | $8,593,457,222 |
Shares Held as of 1/31/2022 | 8,591,738,875 |
Dividend Income | $1,583,386 |
1 | 7-day net yield. |
2 | Also represents cost of investments for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following is a summary of the inputs used, as of January 31, 2022, in valuing the Fund’s assets carried at fair value:
Valuation Inputs | ||||
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Total | |
Investment Company | $8,593,457,222 | $— | $— | $8,593,457,222 |
Repurchase Agreement | — | 50,000,000 | — | 50,000,000 |
TOTAL SECURITIES | $8,593,457,222 | $50,000,000 | $— | $8,643,457,222 |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.0004 | $1.0006 | $1.0003 | $1.0002 | $1.0002 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0002 | 0.0008 | 0.0136 | 0.0239 | 0.0156 | 0.0075 |
Net realized and unrealized gain (loss) | (0.0004) | (0.0002) | 0.0003 | 0.0001 | (0.0000)1 | 0.0002 |
Total From Investment Operations | (0.0002) | 0.0006 | 0.0139 | 0.0240 | 0.0156 | 0.0077 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0002) | (0.0008) | (0.0136) | (0.0239) | (0.0156) | (0.0075) |
Distributions from net realized gain | (0.0001) | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 |
Total Distributions | (0.0003) | (0.0008) | (0.0136) | (0.0239) | (0.0156) | (0.0075) |
Net Asset Value, End of Period | $0.9999 | $1.0004 | $1.0006 | $1.0003 | $1.0002 | $1.0002 |
Total Return2 | (0.02)% | 0.06% | 1.39% | 2.43% | 1.57% | 0.78% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.00%4, 5 | —% | 0.00%5 | —% | 0.00%5 | 0.20% |
Net investment income | 0.03%4 | 0.08% | 1.36% | 2.41% | 1.59% | 0.77% |
Expense waiver/ reimbursement6 | 0.29%4 | 0.29% | 0.29% | 0.29% | 0.29% | 0.09% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $8,150,150 | $12,120,572 | $15,937,441 | $13,599,422 | $6,992,551 | $4,454,446 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | Represents less than 0.01%. |
6 | This expense decrease is reflected in both the net expense and the net investment income (loss) ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
January 31, 2022 (unaudited)
Assets: | |
Investment in securities, at value including $8,593,457,222 of investment in affiliated holdings* (identified cost $8,648,061,344) | $8,643,457,222 |
Cash | 438,939 |
Income receivable | 399,332 |
Receivable for shares sold | 10,367,598 |
Total Assets | 8,654,663,091 |
Liabilities: | |
Payable for shares redeemed | 5,700,242 |
Income distribution payable | 263,883 |
Payable for investment adviser fee (Note 5) | 43,661 |
Payable for administrative fee (Note 5) | 18,519 |
Payable for Directors’/Trustees’ fees (Note 5) | 217 |
Payable for other service fees (Notes 2 and 5) | 7,457 |
Accrued expenses (Note 5) | 243,675 |
Total Liabilities | 6,277,654 |
Net assets for 8,649,084,471 shares outstanding | $8,648,385,437 |
Net Assets Consist of: | |
Paid-in capital | $8,653,788,405 |
Total distributable earnings (loss) | (5,402,968) |
Total Net Assets | $8,648,385,437 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$8,150,149,851 ÷ 8,150,808,606 shares outstanding, no par value, unlimited shares authorized | $0.9999 |
Service Shares: | |
$476,203,439 ÷ 476,241,350 shares outstanding, no par value, unlimited shares authorized | $0.9999 |
Capital Shares: | |
$22,032,147 ÷ 22,034,515 shares outstanding, no par value, unlimited shares authorized | $0.9999 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended January 31, 2022 (unaudited)
Investment Income: | |
Dividends received from affiliated holdings* | $1,583,386 |
Interest | 52,286 |
TOTAL INCOME | 1,635,672 |
Expenses: | |
Investment adviser fee (Note 5) | 10,876,873 |
Administrative fee (Note 5) | 4,251,840 |
Custodian fees | 154,429 |
Transfer agent fees | 75,400 |
Directors’/Trustees’ fees (Note 5) | 32,735 |
Auditing fees | 12,448 |
Legal fees | 4,760 |
Portfolio accounting fees | 110,550 |
Other service fees (Notes 2 and 5) | 741,275 |
Share registration costs | 51,299 |
Printing and postage | 19,689 |
Miscellaneous (Note 5) | 60,646 |
TOTAL EXPENSES | 16,391,944 |
Waivers and Reimbursements: | |
Waiver/reimbursement of investment adviser fee (Note 5) | (10,876,873) |
Waivers/reimbursements of other operating expenses (Notes 2 and 5) | (5,453,826) |
TOTAL WAIVERS AND REIMBURSEMENTS | (16,330,699) |
Net expenses | 61,245 |
Net investment income | 1,574,427 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized loss on investments in an affiliated holding* | (630,304) |
Net change in unrealized depreciation of investments in an affiliated holding* | (2,577,522) |
Net realized and unrealized gain (loss) on investments | (3,207,826) |
Change in net assets resulting from operations | $(1,633,399) |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended 7/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $1,574,427 | $11,908,591 |
Net realized gain (loss) | (630,304) | 2,616,301 |
Net change in unrealized appreciation/depreciation | (2,577,522) | (6,530,073) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | (1,633,399) | 7,994,819 |
Distributions to Shareholders: | ||
Institutional Shares | (2,774,903) | (13,019,895) |
Service Shares | (101,520) | (193,751) |
Capital Shares | (3,955) | (6,051) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (2,880,378) | (13,219,697) |
Share Transactions: | ||
Proceeds from sale of shares | 17,542,128,173 | 49,680,032,925 |
Net asset value of shares issued to shareholders in payment of distributions declared | 922,389 | 4,229,653 |
Cost of shares redeemed | (21,733,600,579) | (54,479,989,537) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (4,190,550,017) | (4,795,726,959) |
Change in net assets | (4,195,063,794) | (4,800,951,837) |
Net Assets: | ||
Beginning of period | 12,843,449,231 | 17,644,401,068 |
End of period | $8,648,385,437 | $12,843,449,231 |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $730,674 | $(1,774) | $(669,977) |
Capital Shares | 10,601 | (55) | (8,223) |
TOTAL | $741,275 | $(1,829) | $(678,200) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 17,493,180,692 | $17,496,218,193 | 48,981,048,371 | $48,998,521,164 |
Shares issued to shareholders in payment of distributions declared | 817,897 | 817,941 | 4,030,582 | 4,032,084 |
Shares redeemed | (21,459,448,551) | (21,463,200,799) | (52,796,548,875) | (52,814,602,302) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (3,965,449,962) | $(3,966,164,665) | (3,811,469,922) | $(3,812,049,054) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 43,307,781 | $43,314,097 | 664,745,362 | $664,998,659 |
Shares issued to shareholders in payment of distributions declared | 100,516 | 100,521 | 192,418 | 192,481 |
Shares redeemed | (268,880,979) | (268,919,814) | (1,650,094,556) | (1,650,722,974) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (225,472,682) | $(225,505,196) | (985,156,776) | $(985,531,834) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,595,517 | $2,595,883 | 16,507,178 | $16,513,102 |
Shares issued to shareholders in payment of distributions declared | 3,927 | 3,927 | 5,086 | 5,088 |
Shares redeemed | (1,479,678) | (1,479,966) | (14,659,841) | (14,664,261) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | 1,119,766 | $1,119,844 | 1,852,423 | $1,853,929 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (4,189,802,878) | $(4,190,550,017) | (4,794,774,275) | $(4,795,726,959) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2021 | Ending Account Value 1/31/2022 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $999.80 | $—2 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,025.21 | $—2 |
1 | Expenses are equal to the Fund’s Institutional Shares annualized net expense ratio of 0.00%, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
Security Type | Percentage of Total Net Assets |
Commercial Paper | 39.0% |
Other Repurchase Agreements and Repurchase Agreements | 27.5% |
Bank Instruments | 24.6% |
Variable Rate Instruments | 8.2% |
Municipal Bond | 0.5% |
U.S. Treasury Securities | 0.4% |
Other Assets and Liabilities—Net2 | (0.2)% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days2 | 51.1% |
8-30 Days | 13.1% |
31-90 Days | 22.7% |
91-180 Days | 7.6% |
181 Days or more | 5.7% |
Other Assets and Liabilities—Net3 | (0.2)% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Overnight securities comprised 26.9% of the Fund’s portfolio. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— 39.0% | ||
Finance - Banking— 21.2% | |||
$225,000,000 | Bank of Nova Scotia, Toronto, 0.200% - 0.300%, 6/3/2022 - 9/29/2022 | $ 224,133,576 | |
115,000,000 | Bedford Row Funding Corp., (GTD by Royal Bank of Canada), 0.200% - 0.371%, 4/27/2022 - 7/5/2022 | 114,869,992 | |
75,000,000 | BPCE SA, 0.145%, 3/10/2022 | 74,988,823 | |
64,000,000 | Canadian Imperial Bank of Commerce, 0.503%, 12/1/2022 | 63,521,707 | |
50,000,000 | Canadian Imperial Holdings, Inc., 0.351%, 11/8/2022 | 49,671,776 | |
80,000,000 | Commonwealth Bank of Australia, 0.160%, 4/7/2022 | 79,978,880 | |
20,000,000 | DNB Bank ASA, 0.100%, 2/8/2022 | 19,999,611 | |
50,000,000 | DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 0.065%, 2/1/2022 | 50,000,000 | |
85,000,000 | Gotham Funding Corp., (MUFG Bank Ltd. LIQ), 0.160%, 2/10/2022 | 84,996,600 | |
191,000,000 | Matchpoint Finance PLC, (BNP Paribas SA LIQ), 0.200% - 0.270%, 2/24/2022 - 4/4/2022 | 190,943,051 | |
607,000,000 | Nationwide Building Society, 0.100% - 0.105%, 2/14/2022 - 2/22/2022 | 606,971,753 | |
70,000,000 | Royal Bank of Canada, 0.210% - 0.241%, 4/14/2022 - 7/7/2022 | 69,908,184 | |
120,000,000 | Royal Bank of Canada, 0.251% - 0.341%, 10/14/2022 - 11/1/2022 | 119,313,684 | |
80,000,000 | Royal Bank of Canada, New York Branch, 0.371% - 0.402%, 11/9/2022 - 11/15/2022 | 79,486,541 | |
80,250,000 | Sumitomo Mitsui Banking Corp., 0.200% - 0.205%, 3/2/2022 - 3/3/2022 | 80,236,777 | |
440,000,000 | Toronto Dominion Bank, 0.200% - 0.251%, 4/20/2022 - 7/7/2022 | 439,661,156 | |
130,000,000 | Westpac Banking Corp. Ltd., Sydney, 0.231% - 0.241%, 3/11/2022 - 3/24/2022 | 129,958,717 | |
TOTAL | 2,478,640,828 | ||
Finance - Commercial— 5.3% | |||
147,500,000 | Atlantic Asset Securitization LLC, 0.120% - 0.160%, 2/16/2022 - 3/10/2022 | 147,483,403 | |
95,787,000 | Bennington Stark Capital Co., LLC, (Societe Generale, Paris LIQ), 0.150%, 3/4/2022 | 95,774,627 | |
80,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.150%, 3/8/2022 | 80,000,000 | |
20,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.160%, 4/6/2022 | 20,000,000 | |
140,000,000 | Crown Point Capital Co., LLC, (Credit Suisse AG LIQ), 0.210%, 5/23/2022 | 140,000,000 | |
139,724,000 | Ridgefield Funding Company, LLC Series A, 0.150% - 0.270%, 2/4/2022 - 4/4/2022 | 139,681,604 | |
TOTAL | 622,939,634 |
Principal Amount | Value | ||
1 | COMMERCIAL PAPER— continued | ||
Finance - Retail— 3.6% | |||
$ 20,000,000 | CAFCO, LLC, 0.451%, 6/10/2022 | $ 19,975,950 | |
75,000,000 | Chariot Funding LLC, 0.120%, 2/10/2022 | 74,997,750 | |
25,000,000 | Fairway Finance Co. LLC, 0.150%, 3/2/2022 | 24,996,979 | |
25,000,000 | Old Line Funding, LLC, 0.160%, 2/3/2022 | 24,999,778 | |
50,000,000 | Old Line Funding, LLC, 0.160%, 4/7/2022 | 49,979,284 | |
13,000,000 | Old Line Funding, LLC, 0.280%, 6/27/2022 | 13,003,926 | |
122,000,000 | Sheffield Receivables Co., LLC, 0.160% - 0.240%, 2/7/2022 - 3/18/2022 | 121,976,208 | |
17,500,000 | Starbird Funding Corp., 0.260%, 4/1/2022 | 17,492,543 | |
50,000,000 | Thunder Bay Funding, LLC, 0.160%, 3/14/2022 | 49,990,889 | |
25,000,000 | Thunder Bay Funding, LLC, 0.290%, 4/27/2022 | 24,983,935 | |
TOTAL | 422,397,242 | ||
Finance - Securities— 6.8% | |||
40,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Societe Generale, Paris COL), 0.200%, 5/18/2022 | 40,000,000 | |
8,000,000 | Anglesea Funding LLC, (Bank of Nova Scotia, Toronto COL)/(Citigroup Global Markets, Inc. COL)/(HSBC Bank PLC COL)/(Societe Generale, Paris COL), 0.220%, 7/8/2022 | 8,000,000 | |
250,000,000 | Anglesea Funding LLC, 0.160% - 0.200%, 2/1/2022 - 3/18/2022 | 249,985,097 | |
45,000,000 | Collateralized Commercial Paper FLEX Co., LLC, 0.160% - 0.160%, 2/2/2022 - 3/1/2022 | 44,997,400 | |
415,000,000 | Collateralized Commercial Paper V Co. LLC, 0.170% - 0.361%, 3/2/2022 - 7/8/2022 | 414,661,665 | |
33,000,000 | Great Bear Funding LLC, (Bank of Nova Scotia, Toronto COL), 0.110%, 2/11/2022 | 32,998,992 | |
TOTAL | 790,643,154 | ||
Insurance— 0.9% | |||
110,000,000 | MetLife Short Term Funding LLC, 0.140% - 0.140%, 3/15/2022 - 3/16/2022 | 109,981,800 | |
Sovereign— 1.2% | |||
41,500,000 | Erste Abwicklungsanstalt, 0.110%, 2/17/2022 | 41,497,971 | |
20,000,000 | Export Development Canada, (Canada, Government of SUB), 0.090%, 3/7/2022 | 19,998,300 | |
75,000,000 | Nederlandse Waterschapsbank NV, 0.110% - 0.115%, 2/11/2022 - 3/4/2022 | 74,994,284 | |
TOTAL | 136,490,555 | ||
TOTAL COMMERCIAL PAPER (IDENTIFIED COST $4,562,896,287) | 4,561,093,213 | ||
CERTIFICATES OF DEPOSIT— 14.1% | |||
Finance - Banking— 14.1% | |||
104,000,000 | 2 | Bank of Montreal, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 103,962,065 |
Principal Amount | Value | ||
CERTIFICATES OF DEPOSIT— continued | |||
Finance - Banking— continued | |||
$400,000,000 | Bank of Montreal, 0.210% - 0.240%, 3/3/2022 - 7/26/2022 | $ 399,879,268 | |
100,000,000 | 2 | Bank of Nova Scotia, Toronto, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 99,961,084 |
50,000,000 | 2 | Bank of Nova Scotia, Toronto, 0.300% (Secured Overnight Financing Rate +0.250%), 2/1/2022 | 49,992,506 |
50,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.250% (Secured Overnight Financing Rate +0.200%), 2/1/2022 | 50,020,159 |
25,000,000 | 2 | Canadian Imperial Bank of Commerce, 0.260% (Secured Overnight Financing Rate +0.210%), 2/1/2022 | 24,995,573 |
80,000,000 | Mizuho Bank Ltd., 0.250%, 3/22/2022 - 3/23/2022 | 80,000,000 | |
181,000,000 | MUFG Bank Ltd., 0.170% - 0.180%, 2/18/2022 - 3/21/2022 | 181,000,000 | |
50,000,000 | Royal Bank of Canada, 0.210%, 3/9/2022 | 50,000,000 | |
236,000,000 | Sumitomo Mitsui Banking Corp., 0.200% - 0.250%, 2/28/2022 - 3/28/2022 | 236,000,000 | |
194,000,000 | Sumitomo Mitsui Trust Bank Ltd., 0.150% - 0.220%, 2/2/2022 - 3/14/2022 | 194,000,000 | |
175,000,000 | Toronto Dominion Bank, 0.220% - 0.320%, 4/1/2022 - 11/23/2022 | 174,614,175 | |
TOTAL CERTIFICATES OF DEPOSIT (IDENTIFIED COST $1,645,000,000) | 1,644,424,830 | ||
TIME DEPOSITS— 10.5% | |||
Finance - Banking— 10.5% | |||
580,000,000 | ABN Amro Bank NV, 0.080%, 2/1/2022 - 2/3/2022 | 580,000,000 | |
500,000,000 | Australia & New Zealand Banking Group, Melbourne, 0.070%, 2/1/2022 | 500,000,000 | |
145,000,000 | Mizuho Bank Ltd., 0.070%, 2/1/2022 | 145,000,000 | |
TOTAL TIME DEPOSITS (IDENTIFIED COST $1,225,000,000) | 1,225,000,000 | ||
2 | NOTES - VARIABLE— 8.2% | ||
Finance - Banking— 5.5% | |||
28,500,000 | Calhoun County, TX Navigation District Environmental Facilities (Formosa Plastic Corp.), (Series 2006) Weekly VRDNs, (Bank of America N.A. LOC), 0.080%, 2/3/2022 | 28,500,000 | |
4,025,000 | Centra State Medical Arts Building LLC, (TD Bank, N.A. LOC), 0.120%, 2/2/2022 | 4,025,000 | |
31,000,000 | Clark County, NV Airport System, Subordinate Lien Revenue Bonds (Series 2008 C-2) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 0.090%, 2/2/2022 | 31,000,000 | |
16,700,000 | Greene County Development Authority, Reynolds Lodge, LLC Series 2000B, (U.S. Bank, N.A. LOC), 0.080%, 2/2/2022 | 16,700,000 | |
3,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project 2013A, (Bank of America N.A. LOC), 0.120%, 2/3/2022 | 3,000,000 | |
7,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project, (Bank of America N.A. LOC), 0.120%, 2/3/2022 | 7,000,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 7,595,000 | Gulf Gate Apartments LLC, Series 2003, (Wells Fargo Bank, N.A. LOC), 0.100%, 2/3/2022 | $ 7,595,000 | |
12,865,000 | Hamilton Station Park and Ride, Series 2005, (Wells Fargo Bank, N.A. LOC), 0.100%, 2/3/2022 | 12,865,000 | |
14,500,000 | JEA, FL Electric System, (Series Three 2008B-2: Senior Revenue Bonds) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.070%, 2/2/2022 | 14,500,000 | |
15,365,000 | Los Angeles County Fair Association, (Wells Fargo Bank, N.A. LOC), 0.100%, 2/2/2022 | 15,365,000 | |
9,000,000 | Michael Dennis Sullivan Irrevocable Trust, (Wells Fargo Bank, N.A. LOC), 0.120%, 2/3/2022 | 9,000,000 | |
34,000,000 | Nuveen Floating Rate Income Fund, (Series A), (Sumitomo Mitsui Banking Corp. LOC), 0.210%, 2/3/2022 | 34,000,000 | |
3,775,000 | Public Building Corp. Springfield, MO, Jordan Valley Ice Park, Series 2003, (U.S. Bank, N.A. LOC), 0.170%, 2/3/2022 | 3,775,000 | |
152,500,000 | Royal Bank of Canada, New York Branch, 0.200% (Secured Overnight Financing Rate +0.150%), 2/1/2022 | 152,446,468 | |
18,965,000 | Salem Green, LLP, Salem Green Apartments Project, Series 2010, (Wells Fargo Bank, N.A. LOC), 0.100%, 2/3/2022 | 18,965,000 | |
20,000,000 | SSAB AB (publ), Series 2015-B, (Nordea Bank Abp LOC), 0.120%, 2/3/2022 | 20,000,000 | |
68,236,712 | Taxable Tender Option Bond Trust 2021-MIZ9060TX, (Series 2021-MIZ9060TX) VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.340%, 2/1/2022 | 68,236,712 | |
30,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9070TX, (Series 2021-MIZ9070TX) VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.490%, 2/1/2022 | 30,000,000 | |
25,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9071TX, (Series 2021-MIZ9071TX) VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.490%, 2/1/2022 | 25,000,000 | |
12,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9074TX, (Series 2021-MIZ-9074TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 12,000,000 | |
10,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9075TX, (Series MIZ-9075TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 10,000,000 | |
4,680,000 | Taxable Tender Option Bond Trust 2021-MIZ9077TX, (Series 2021-MIZ9077TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 4,680,000 | |
3,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9078TX, (Series 2021-MIZ9078TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 3,000,000 | |
21,100,000 | Taxable Tender Option Bond Trust 2021-MIZ9081TX, (Series 2021-MIZ9081TX) Weekly VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.180%, 2/3/2022 | 21,100,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 13,200,000 | Taxable Tender Option Bond Trust 2021-MIZ9082TX, (Series 2021-MIZ9082TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | $ 13,200,000 | |
5,935,000 | Taxable Tender Option Bond Trust 2021-MIZ9083TX, (Series 2021-MIZ9083TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 0.340%, 2/1/2022 | 5,935,000 | |
68,300,000 | Triborough Bridge & Tunnel Authority, NY, (Taxable Series E) Weekly VRDNs, (Bank of America N.A. LOC), 0.100%, 2/3/2022 | 68,300,000 | |
3,600,000 | Village Green Finance Co. LLC, (Series 1997), (Wells Fargo Bank, N.A. LOC), 0.100%, 2/2/2022 | 3,600,000 | |
6,085,000 | Yeshivas Novominsk, Series 2008, (TD Bank, N.A. LOC), 0.190%, 2/3/2022 | 6,085,000 | |
TOTAL | 649,873,180 | ||
Government Agency— 2.7% | |||
5,285,000 | 1320 W Jefferson LLC, (FHLB of San Francisco LOC), 0.120%, 2/2/2022 | 5,285,000 | |
42,450,000 | Archer 1 LLC, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 42,450,000 | |
9,015,000 | Austen Children’s Gift Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 9,015,000 | |
6,830,000 | Baker Life Insurance Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 6,830,000 | |
29,850,000 | BWF Forge TL Properties Owner LLC, (FHLB of Des Moines LOC)/(FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 29,850,000 | |
5,705,000 | Catania Family Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 5,705,000 | |
5,485,000 | Herman & Kittle Capital, LLC, Canterbury House Apartments- Lebanon Project Series 2005, (FHLB of Cincinnati LOC), 0.120%, 2/3/2022 | 5,485,000 | |
32,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-A, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 32,000,000 | |
16,000,000 | HW Hellman Building, L.P., HW Hellman Building Apartments Project Series 2015-B, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 16,000,000 | |
4,270,000 | Jim Brooks Irrevocable Trust, (FHLB of Dallas LOC), 0.110%, 2/3/2022 | 4,270,000 | |
11,570,000 | Joseph L. Goggins Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 11,570,000 | |
3,655,000 | Karyn Brooks Descendants Trust, (FHLB of Dallas LOC), 0.110%, 2/3/2022 | 3,655,000 | |
6,380,000 | MHF DKF Insurance Trust, (FHLB of Dallas LOC), 0.120%, 2/2/2022 | 6,380,000 | |
17,030,000 | Mohr Green Associates L.P., 2012-A, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 17,030,000 | |
22,610,000 | NWD 2017 Family Trust No. 1, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 22,610,000 | |
19,640,000 | OSL Santa Rosa Fountaingrove LLC, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 19,640,000 | |
9,080,000 | Park Stanton Place LP, (FHLB of San Francisco LOC), 0.120%, 2/3/2022 | 9,080,000 |
Principal Amount | Value | ||
2 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 5,010,000 | R.J. Brooks Jr. Irrevocable Trust, (FHLB of Dallas LOC), 0.110%, 2/3/2022 | $ 5,010,000 | |
6,980,000 | RK Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 6,980,000 | |
6,255,000 | Sibley Family Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 6,255,000 | |
6,610,000 | The CLC Irrevocable Insurance Trust, (FHLB of Des Moines LOC), 0.120%, 2/3/2022 | 6,610,000 | |
5,120,000 | The Eugene Kim Irrevocable Life Insurance Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 5,120,000 | |
22,830,000 | The Gregory P. Berry Trust, (FHLB of Des Moines LOC), 0.120%, 2/2/2022 | 22,830,000 | |
5,740,000 | The Leopold Family Insurance Trust, (FHLB of Dallas LOC), 0.120%, 2/3/2022 | 5,740,000 | |
5,975,000 | The Thompson 2018 Family Trust, (FHLB of Dallas LOC), 0.110%, 2/3/2022 | 5,975,000 | |
TOTAL | 311,375,000 | ||
TOTAL NOTES - VARIABLE (IDENTIFIED COST $961,301,713) | 961,248,180 | ||
MUNICIPAL BOND— 0.5% | |||
Municipal— 0.5% | |||
55,500,000 | Metropolitan Transportation Authority, NY (Fully Appropriated COVID Operating Grants-Federally Taxable), (Series A) GANs, 0.777%, 11/15/2022 (IDENTIFIED COST $55,500,000) | 55,504,007 | |
U.S. TREASURY— 0.4% | |||
U.S. Treasury Notes— 0.4% | |||
50,000,000 | 2 | United States Treasury Floating Rate Notes, 0.224% (91-day T-Bill +0.034%), 2/1/2022 (IDENTIFIED COST $50,005,030) | 50,048,738 |
OTHER REPURCHASE AGREEMENTS— 22.3% | |||
Finance - Banking— 22.3% | |||
100,000,000 | BMO Capital Markets Corp., 0.25%, dated 2/8/2021, interest in a $200,000,000 collateralized loan agreement will repurchase securities provided as collateral for $200,255,411 on 7/12/2022, in which asset-backed securities, corporate bonds, medium-term notes and Sovereign with a market value of $204,258,377 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
100,130,000 | BNP Paribas SA, 0.15%, dated 1/31/2022, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,000,625 on 2/1/2022, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term notes and Sovereign with a market value of $153,048,760 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,130,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$100,000,000 | BofA Securities, Inc. 0.69%, dated 9/4/2020, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,172,500 on 5/3/2022, in which American depositary receipts, convertible bonds, exchange-traded funds and Sovereign with a market value of $102,056,696 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 100,000,000 | |
250,000,000 | BofA Securities, Inc. 0.69%, dated 9/9/2020, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,431,250 on 5/3/2022, in which American depositary receipts, convertible bonds, exchange-traded funds and Sovereign with a market value of $255,141,738 have been received as collateral and held with BNY Mellon as tri-party agent. | 250,000,000 | |
95,000,000 | BofA Securities, Inc. 0.10%, dated 1/31/2022, interest in a $95,000,000 collateralized loan agreement will repurchase securities provided as collateral for $95,000,264 on 2/1/2022, in which commercial paper with a market value of $96,900,270 have been received as collateral and held with BNY Mellon as tri-party agent. | 95,000,000 | |
165,000,000 | Credit Agricole S.A., 0.13%, dated 12/20/2021, interest in a $535,000,000 collateralized loan agreement will repurchase securities provided as collateral for $535,013,524 on 2/9/2022, in which asset-backed securities, treasury bills, corporate bonds, collateralized mortgage obligations, commercial paper, medium-term notes, treasury notes, and sovereign debt with a market value of $545,746,058 have been received as collateral and held with BNY Mellon as tri-party agent. | 165,000,000 | |
165,000,000 | Credit Agricole S.A., 0.22%, dated 1/12/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,012,833 on 2/9/2022, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, commercial paper, medium-term notes, and sovereign debt with a market value of $306,001,870 have been received as collateral and held with BNY Mellon as tri-party agent. | 165,000,000 | |
105,000,000 | HSBC Securities (USA), Inc., 0.17%, dated 1/31/2022, interest in a $155,000,000 collateralized loan agreement will repurchase securities provided as collateral for $155,000,732 on 2/1/2022, in which corporate bonds, medium-term notes and Sovereign debt with a market value of $158,100,224 have been received as collateral and held with BNY Mellon as tri-party agent. | 105,000,000 | |
60,000,000 | HSBC Securities (USA), Inc., 0.27%, dated 1/31/2022, interest in a $80,000,000 collateralized loan agreement will repurchase securities provided as collateral for $80,000,600 on 2/1/2022, in which asset-backed securities, corporate bonds, medium-term notes and Sovereign debt with a market value of $81,600,001 have been received as collateral and held with BNY Mellon as tri-party agent. | 60,000,000 | |
49,140,000 | ING Financial Markets LLC, 0.14%, dated 1/31/2022, interest in a $50,000,000 collateralized loan agreement will repurchase securities provided as collateral for $50,000,194 on 2/1/2022, in which corporate bonds and medium-term notes with a market value of $51,000,376 have been received as collateral and held with BNY Mellon as tri-party agent. | 49,140,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 61,500,000 | J.P. Morgan Securities LLC, 0.32%, dated 1/12/2022, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $250,073,333 on 2/14/2022, in which corporate bonds with market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 61,500,000 | |
75,000,000 | Mizuho Securities USA, Inc., 0.27%, dated 1/31/2022, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,001,125 on 2/1/2022, in which common stocks with a market value of $153,004,640 have been received as collateral and held with BNY Mellon as tri-party agent. | 75,000,000 | |
100,000,000 | Mizuho Securities USA, Inc., 0.17%, dated 1/31/2022, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,000,472 on 2/1/2022, in which municipal bonds and asset-backed securities with a market value of $102,000,482 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
303,095,000 | MUFG Securities Americas, Inc., 0.22%, dated 1/31/2022, interest in a $550,000,000 collateralized loan agreement will repurchase securities provided as collateral for $550,003,361 on 2/1/2022, in which American depositary receipts, common stocks, convertible bonds, exchange-traded funds and unit investment trust with a market value of $561,013,715 have been received as collateral and held with BNY Mellon as tri-party agent. | 303,095,000 | |
185,000,000 | Pershing LLC., 0.32%, dated 12/22/2021, interest in a $400,000,000 collateralized loan agreement will repurchase securities provided as collateral for $400,024,889 on 2/9/2022, in which asset-backed securities, corporate bonds, common stocks, commercial paper, exchange-traded funds, medium-term notes and municipal bonds with a market value of $408,004,304 have been received as collateral and held with BNY Mellon as tri-party agent. | 185,000,000 | |
303,130,000 | Societe Generale, Paris 0.22%, dated 1/31/2022, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,003,972 on 2/1/2022, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term notes and sovereign debt with a market value of $663,016,207 have been received as collateral and held with BNY Mellon as tri-party agent. | 303,130,000 | |
125,000,000 | Societe Generale, Paris, 0.13%, dated 1/31/2022, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,001,264 on 2/1/2022, in which asset-backed securities, treasury bonds, corporate bonds, collateralized mortgage obligations, medium-term notes and sovereign debt with a market value of $357,005,217 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
47,130,000 | Standard Chartered Bank, 0.16%, dated 1/31/2022, interest in a $100,000,444 collateralized loan agreement will repurchase securities provided as collateral for $100,000,444 on 2/1/2022, in which treasury bonds with a market value of $102,000,551 have been received as collateral and held with BNY Mellon as tri-party agent. | 47,130,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 70,000,000 | Wells Fargo Securities LLC, 0.73%, dated 1/27/2022, interest in a $70,000,000 collateralized loan agreement will repurchase securities provided as collateral for $70,126,331 on 4/26/2022, with a market value of $71,407,348 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 70,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 0.66%, dated 5/20/2020, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,074,250 on 2/3/2022, in which exchange-traded funds with a market value of $153,070,172 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS (IDENTIFIED COST $2,609,125,000) | 2,609,125,000 | ||
REPURCHASE AGREEMENTS— 5.2% | |||
Finance - Banking— 5.2% | |||
500,000,000 | Interest in $1,650,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $1,650,002,521 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 10/16/2063 and the market value of those underlying securities was $1,690,202,215. | 500,000,000 | |
103,000,000 | Interest in $3,000,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $3,000,004,583 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 10/1/2051 and the market value of those underlying securities was $3,060,315,432. | 103,000,000 | |
TOTAL REPURCHASE AGREEMENTS (IDENTIFIED COST $603,000,000) | 603,000,000 | ||
TOTAL INVESTMENT IN SECURITIES—100.2% (IDENTIFIED COST $11,711,828,030)3 | 11,709,443,968 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.2)%4 | (20,500,137) | ||
TOTAL NET ASSETS—100% | $11,688,943,831 |
1 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
3 | Also represents cost of investments for federal tax purposes. |
4 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
FHLB | —Federal Home Loan Bank | |
GANs | —Grant Anticipation Notes | |
GTD | —Guaranteed | |
LIQ | —Liquidity Agreement | |
LLP | —Limited Liability Partnership | |
LOC | —Letter of Credit | |
MHF | —Maryland Housing Fund | |
PLC | —Public Limited Company | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.0005 | $1.0007 | $1.0004 | $1.0003 | $1.0003 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0002 | 0.0008 | 0.0136 | 0.0239 | 0.0156 | 0.0063 |
Net realized and unrealized gain (loss) | (0.0003) | (0.0002) | 0.0003 | 0.0001 | 0.00001 | 0.0011 |
Total From Investment Operations | (0.0001) | 0.0006 | 0.0139 | 0.0240 | 0.0156 | 0.0074 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0002) | (0.0008) | (0.0136) | (0.0239) | (0.0156) | (0.0063) |
Distributions from net realized gain | — | — | — | — | — | (0.0008) |
Total Distributions | (0.0002) | (0.0008) | (0.0136) | (0.0239) | (0.0156) | (0.0071) |
Net Asset Value, End of Period | $1.0002 | $1.0005 | $1.0007 | $1.0004 | $1.0003 | $1.0003 |
Total Return2 | (0.01)% | 0.05% | 1.39% | 2.43% | 1.57% | 0.66% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.15%4 | 0.15% | 0.15% | 0.15% | 0.17% | 0.20% |
Net investment income | 0.03%4 | 0.08% | 1.37% | 2.41% | 1.62% | 0.40% |
Expense waiver/ reimbursement5 | 0.13%4 | 0.13% | 0.13% | 0.13% | 0.12% | 0.10% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $11,659,457 | $15,298,656 | $23,611,390 | $21,146,776 | $10,941,508 | $787,309 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
January 31, 2022 (unaudited)
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $3,212,125,000 |
Investment in securities | 8,497,318,968 |
Investment in securities, at value (identified cost $11,711,828,030) | 11,709,443,968 |
Income receivable | 1,929,991 |
Receivable for shares sold | 300 |
Total Assets | 11,711,374,259 |
Liabilities: | |
Payable for investments purchased | 9,000,000 |
Bank overdraft | 12,587,083 |
Income distribution payable | 435,463 |
Payable to adviser (Note 5) | 21,492 |
Payable for administrative fee (Note 5) | 25,043 |
Accrued expenses (Note 5) | 361,347 |
Total Liabilities | 22,430,428 |
Net assets for 11,686,723,926 shares outstanding | $11,688,943,831 |
Net Assets Consist of: | |
Paid-in capital | $11,692,732,645 |
Total distributable earnings (loss) | (3,788,814) |
Total Net Assets | $11,688,943,831 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$11,659,457,037 ÷ 11,657,242,876 shares outstanding, no par value, unlimited shares authorized | $1.0002 |
Service Shares: | |
$29,486,694 ÷ 29,480,950 shares outstanding, no par value, unlimited shares authorized | $1.0002 |
Capital Shares: | |
$100 ÷ 100 shares outstanding, no par value, unlimited shares authorized | $1.0005* |
* | Actual net asset value per share presented differs from calculated net asset value per share due to rounding. |
Six Months Ended January 31, 2022 (unaudited)
Investment Income: | |
Interest | $12,381,845 |
Expenses: | |
Investment adviser fee (Note 5) | 13,371,382 |
Administrative fee (Note 5) | 5,227,961 |
Custodian fees | 243,560 |
Transfer agent fees | 90,097 |
Directors’/Trustees’ fees (Note 5) | 40,549 |
Auditing fees | 12,449 |
Legal fees | 4,537 |
Portfolio accounting fees | 135,632 |
Other service fees (Notes 2 and 5) | 25,572 |
Share registration costs | 32,208 |
Printing and postage | 10,057 |
Miscellaneous (Note 5) | 61,625 |
TOTAL EXPENSES | 19,255,629 |
Waivers and Reimbursement: | |
Waiver of investment adviser fee (Note 5) | (8,873,921) |
Waivers/reimbursement of other operating expenses (Notes 2 and 5) | (22,758) |
TOTAL WAIVERS AND REIMBURSEMENT | (8,896,679) |
Net expenses | 10,358,950 |
Net investment income | 2,022,895 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized gain on investments | 2,055 |
Net change in unrealized appreciation of investments | (3,513,001) |
Net realized and unrealized gain (loss) on investments | (3,510,946) |
Change in net assets resulting from operations | $(1,488,051) |
Six Months Ended (unaudited) 1/31/2022 | Year Ended 7/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $2,022,895 | $17,271,664 |
Net realized gain (loss) | 2,055 | 113,108 |
Net change in unrealized appreciation/depreciation | (3,513,001) | (6,131,457) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | (1,488,051) | 11,253,315 |
Distributions to Shareholders: | ||
Institutional Shares | (1,990,591) | (17,245,644) |
Service Shares | (1,237) | (4,862) |
Capital Shares | (48) | (8,147) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (1,991,876) | (17,258,653) |
Share Transactions: | ||
Proceeds from sale of shares | 7,207,211,309 | 36,831,815,005 |
Net asset value of shares issued to shareholders in payment of distributions declared | 290,001 | 3,142,765 |
Cost of shares redeemed | (10,850,647,601) | (45,212,117,547) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (3,643,146,291) | (8,377,159,777) |
Change in net assets | (3,646,626,218) | (8,383,165,115) |
Net Assets: | ||
Beginning of period | 15,335,570,049 | 23,718,735,164 |
End of period | $11,688,943,831 | $15,335,570,049 |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $25,332 | $(2,332) | $(20,227) |
Capital Shares | 240 | (112) | (87) |
TOTAL | $25,572 | $(2,444) | $(20,314) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 6,980,641,235 | $6,983,016,757 | 36,196,687,324 | $36,215,427,054 |
Shares issued to shareholders in payment of distributions declared | 289,028 | 289,112 | 3,128,894 | 3,130,517 |
Shares redeemed | (10,615,300,226) | (10,619,030,786) | (44,503,031,101) | (44,525,308,528) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (3,634,369,963) | $(3,635,724,917) | (8,303,214,883) | $(8,306,750,957) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 224,115,890 | $224,194,552 | 320,686,975 | $320,849,653 |
Shares issued to shareholders in payment of distributions declared | 850 | 851 | 4,099 | 4,101 |
Shares redeemed | (227,033,209) | (227,116,248) | (372,056,896) | (372,241,775) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (2,916,469) | $(2,920,845) | (51,365,822) | $(51,388,021) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | — | $— | 295,358,986 | $295,538,298 |
Shares issued to shareholders in payment of distributions declared | 38 | 38 | 8,141 | 8,147 |
Shares redeemed | (4,498,390) | (4,500,567) | (314,377,023) | (314,567,244) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (4,498,352) | $(4,500,529) | (19,009,896) | $(19,020,799) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (3,641,784,784) | $(3,643,146,291) | (8,373,590,601) | $(8,377,159,777) |
Short-Term | Long-Term | Total |
$1,455,235 | $— | $1,455,235 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2021 | Ending Account Value 1/31/2022 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $999.90 | $0.762 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,024.45 | $0.772 |
1 | Expenses are equal to the Fund’s Institutional Shares annualized net expense ratio of 0.15%, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
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Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
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Share Class | Ticker | Automated | TOAXX | Institutional | TOIXX | Service | TOSXX |
Capital | TOCXX | Trust | TOTXX |
Federated Hermes Treasury Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
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Security Type | Percentage of Total Net Assets |
Repurchase Agreements | 61.2% |
U.S. Treasury Securities | 37.5% |
Other Assets and Liabilities—Net2 | 1.3% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for a description of the types of securities in which the Fund invests. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 77.6% |
8-30 Days | 1.9% |
31-90 Days | 1.8% |
91-180 Days | 7.6% |
181 Days or more | 9.8% |
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 | ||
U.S. TREASURIES— 37.5% | |||
$ 30,000,000 | 1 | United States Treasury Bills, 0.055%, 2/3/2022 | $ 29,999,908 |
290,000,000 | 1 | United States Treasury Bills, 0.055%, 2/22/2022 | 289,990,697 |
600,000,000 | 1 | United States Treasury Bills, 0.055%, 3/1/2022 | 599,974,333 |
340,000,000 | 1 | United States Treasury Bills, 0.060%, 4/21/2022 | 339,955,234 |
210,000,000 | 1 | United States Treasury Bills, 0.060%, 4/28/2022 | 209,969,900 |
120,000,000 | 1 | United States Treasury Bills, 0.065%, 5/5/2022 | 119,979,850 |
800,000,000 | 1 | United States Treasury Bills, 0.065%, 5/12/2022 | 799,855,554 |
230,000,000 | 1 | United States Treasury Bills, 0.070%, 3/29/2022 | 229,974,955 |
375,000,000 | 1 | United States Treasury Bills, 0.075%, 7/14/2022 | 374,872,657 |
565,000,000 | 1 | United States Treasury Bills, 0.080%, 8/11/2022 | 564,760,188 |
95,000,000 | 1 | United States Treasury Bills, 0.123%, 10/6/2022 | 94,920,154 |
540,000,000 | 1 | United States Treasury Bills, 0.160%, 6/23/2022 | 539,659,199 |
378,000,000 | 1 | United States Treasury Bills, 0.160% - 0.163%, 11/3/2022 | 377,535,288 |
650,000,000 | 1 | United States Treasury Bills, 0.210%, 6/30/2022 | 649,435,040 |
400,000,000 | 1 | United States Treasury Bills, 0.220%, 7/7/2022 | 399,618,667 |
94,000,000 | 1 | United States Treasury Bills, 0.240%, 12/1/2022 | 93,810,120 |
190,000,000 | 1 | United States Treasury Bills, 0.630%, 1/26/2023 | 188,806,325 |
1,216,000,000 | 2 | United States Treasury Floating Rate Notes, 0.219% (91-day T-Bill +0.029%), 2/1/2022 | 1,216,049,519 |
1,268,000,000 | 2 | United States Treasury Floating Rate Notes, 0.224% (91-day T-Bill +0.034%), 2/1/2022 | 1,268,054,813 |
280,000,000 | 2 | United States Treasury Floating Rate Notes, 0.225% (91-day T-Bill -0.015%), 2/1/2022 | 279,980,802 |
563,000,000 | 2 | United States Treasury Floating Rate Notes, 0.225% (91-day T-Bill +0.035%), 2/1/2022 | 562,984,986 |
636,000,000 | 2 | United States Treasury Floating Rate Notes, 0.239% (91-day T-Bill +0.049%), 2/1/2022 | 636,033,889 |
2,550,000,000 | 2 | United States Treasury Floating Rate Notes, 0.245% (91-day T-Bill +0.055%), 2/1/2022 | 2,550,006,738 |
1,333,200,000 | 2 | United States Treasury Floating Rate Notes, 0.304% (91-day T-Bill +0.114%), 2/1/2022 | 1,333,268,828 |
247,000,000 | United States Treasury Notes, 0.125% - 2.125%, 12/31/2022 | 249,277,156 | |
325,000,000 | United States Treasury Notes, 0.125%, 6/30/2022 | 325,065,529 | |
265,000,000 | United States Treasury Notes, 0.125% - 2.000%, 11/30/2022 | 267,424,788 | |
542,000,000 | United States Treasury Notes, 0.125% - 1.875%, 8/31/2022 | 545,205,738 | |
590,000,000 | United States Treasury Notes, 0.125%, 10/31/2022 | 590,116,508 | |
494,000,000 | United States Treasury Notes, 0.125% - 1.875%, 9/30/2022 | 496,918,794 | |
267,000,000 | United States Treasury Notes, 1.375%, 10/15/2022 | 269,417,450 | |
360,000,000 | United States Treasury Notes, 1.500%, 9/15/2022 | 363,155,813 |
Principal Amount | Value | ||
U.S. TREASURIES— continued | |||
$ 306,000,000 | United States Treasury Notes, 1.625%, 11/15/2022 | $ 309,618,565 | |
54,000,000 | United States Treasury Notes, 1.750%, 4/30/2022 | 54,217,470 | |
185,000,000 | United States Treasury Notes, 1.750%, 5/15/2022 | 185,877,030 | |
100,000,000 | United States Treasury Notes, 1.750%, 6/15/2022 | 100,616,186 | |
100,000,000 | United States Treasury Notes, 1.875%, 5/31/2022 | 100,587,903 | |
227,000,000 | United States Treasury Notes, 1.875%, 7/31/2022 | 228,990,629 | |
TOTAL | 17,835,987,203 | ||
REPURCHASE AGREEMENTS— 61.2% | |||
240,000,000 | Interest in $250,000,000 joint repurchase agreement 0.10%, dated 1/19/2022 under which Bank of Montreal will repurchase securities provided as collateral for $250,043,750 on 3/23/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2051 and the market value of those underlying securities was $255,009,237. | 240,000,000 | |
190,000,000 | Interest in $950,000,000 joint repurchase agreement 0.12%, dated 1/18/2022 under which Bank of Montreal will repurchase securities provided as collateral for $950,231,167 on 4/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2051 and the market value of those underlying securities was $969,045,224. | 190,000,000 | |
250,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which Bank of Nova Scotia will repurchase securities provided as collateral for $250,000,382 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2049 and the market value of those underlying securities was $255,000,393. | 250,000,000 | |
5,000,000 | Repurchase agreement 0.05%, dated 1/31/2022 under which Barclays Capital, Inc. will repurchase securities provided as collateral for $5,000,007 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2047 and the market value of those underlying securities was $5,100,058. | 5,000,000 | |
25,000,000 | Repurchase agreement 0.05%, dated 1/31/2022 under which Barclays Capital, Inc. will repurchase securities provided as collateral for $25,000,035 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2047 and the market value of those underlying securities was $25,500,056. | 25,000,000 | |
600,000,000 | Repurchase agreement 0.05%, dated 1/31/2022 under which BNP Paribas S.A. will repurchase securities provided as collateral for $600,000,833 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 7/15/2031 and the market value of those underlying securities was $612,000,868. | 600,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 490,000,000 | Repurchase agreement 0.05%, dated 1/31/2022 under which BNP Paribas S.A. will repurchase securities provided as collateral for $490,000,681 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2048 and the market value of those underlying securities was $499,800,768. | $ 490,000,000 | |
390,000,000 | Repurchase agreement 0.05%, dated 1/31/2022 under which BofA Securities, Inc. will repurchase securities provided as collateral for $390,000,542 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2051 and the market value of those underlying securities was $397,800,629. | 390,000,000 | |
335,000,000 | Repurchase agreement 0.05%, dated 1/31/2022 under which BofA Securities, Inc. will repurchase securities provided as collateral for $335,000,465 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 7/15/2027 and the market value of those underlying securities was $341,700,548. | 335,000,000 | |
250,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which Citibank, N.A. will repurchase securities provided as collateral for $250,000,382 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2051 and the market value of those underlying securities was $255,000,429. | 250,000,000 | |
300,000,000 | Interest in $1,250,000,000 joint repurchase agreement 0.06%, dated 1/26/2022 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $1,250,068,750 on 2/28/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 1/31/2027 and the market value of those underlying securities was $1,275,093,265. | 300,000,000 | |
465,000,000 | Interest in $500,000,000 joint repurchase agreement 0.07%, dated 1/7/2020 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $500,006,319 on 2/9/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 12/31/2027 and the market value of those underlying securities was $510,088,077. | 465,000,000 | |
200,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which Credit Suisse Securities (USA) LLC will repurchase securities provided as collateral for $200,000,306 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2028 and the market value of those underlying securities was $204,000,321. | 200,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 100,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which DNB Bank ASA will repurchase securities provided as collateral for $100,000,167 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 7/15/2026 and the market value of those underlying securities was $102,000,050. | $ 100,000,000 | |
19,000,000,000 | Repurchase agreement 0.05%, dated 1/31/2022 under which Federal Reserve Bank of New York will repurchase securities provided as collateral for $19,000,026,389 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2044 and the market value of those underlying securities was $19,000,026,449. | 19,000,000,000 | |
1,000,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $1,000,001,528 on 2/1/2022. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2030 and the market value of those underlying securities was $1,020,000,073. | 1,000,000,000 | |
760,000,000 | Interest in $800,000,000 joint repurchase agreement 0.06%, dated 1/27/2022 under which J.P. Morgan Securities LLC will repurchase securities provided as collateral for $800,008,000 on 2/3/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2026 and the market value of those underlying securities was $816,000,002. | 760,000,000 | |
450,002,412 | Repurchase agreement 0.06%, dated 1/31/2022 under which Metropolitan Life Insurance Co. will repurchase securities provided as collateral for $450,003,162 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2042 and the market value of those underlying securities was $459,443,499. | 450,002,412 | |
500,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which National Australia Bank Ltd., Melbourne will repurchase securities provided as collateral for $500,000,764 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 1/31/2028 and the market value of those underlying securities was $510,080,280. | 500,000,000 | |
100,000,000 | Interest in $2,275,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $2,275,003,476 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2051 and the market value of those underlying securities was $2,320,503,552. | 100,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 300,000,000 | Interest in $1,000,000,000 joint repurchase agreement 0.06%, dated 11/15/2021 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $1,000,153,333 on 2/15/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2051 and the market value of those underlying securities was $1,020,132,615. | $ 300,000,000 | |
200,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which NatWest Markets Securities, Inc. will repurchase securities provided as collateral for $200,000,306 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 6/30/2028 and the market value of those underlying securities was $204,000,058. | 200,000,000 | |
583,616,875 | Repurchase agreement 0.06%, dated 1/31/2022 under which Prudential Insurance Co. of America will repurchase securities provided as collateral for $583,617,848 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2051 and the market value of those underlying securities was $595,329,389. | 583,616,875 | |
82,961,250 | Repurchase agreement 0.06%, dated 1/31/2022 under which Prudential Legacy Insurance Co. will repurchase securities provided as collateral for $82,961,388 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2045 and the market value of those underlying securities was $84,632,871. | 82,961,250 | |
1,750,000,000 | Repurchase agreement 0.06%, dated 1/31/2022 under which Standard Chartered Bank will repurchase securities provided as collateral for $1,750,002,674 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2051 and the market value of those underlying securities was $1,785,002,736. | 1,750,000,000 | |
500,000,000 | Interest in $3,000,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $3,000,004,583 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2050 and the market value of those underlying securities was $3,060,004,676. | 500,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 19,087,500 | Repurchase agreement 0.06%, dated 1/31/2022 under which United of Omaha Life Insurance Co. will repurchase securities provided as collateral for $19,087,532 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2024 and the market value of those underlying securities was $19,501,750. | $ 19,087,500 | |
TOTAL REPURCHASE AGREEMENTS | 29,085,668,037 | ||
TOTAL INVESTMENT IN SECURITIES—98.7% (AT AMORTIZED COST)3 | 46,921,655,240 | ||
OTHER ASSETS AND LIABILITIES - NET—1.3%4 | 639,043,370 | ||
TOTAL NET ASSETS—100% | $47,560,698,610 |
1 | Discount rate at time of purchase. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. |
3 | Also represents cost for federal tax purposes. |
4 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.0001 | 0.008 | 0.019 | 0.010 | 0.002 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.008 | 0.019 | 0.010 | 0.002 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.008) | (0.019) | (0.010) | (0.002) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.008) | (0.019) | (0.010) | (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 | 0.01% | 0.84% | 1.88% | 1.03% | 0.17% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.07%5 | 0.11% | 0.43% | 0.48% | 0.42% | 0.46% |
Net investment income | 0.01%5 | 0.01% | 0.82% | 1.87% | 1.02% | 0.16% |
Expense waiver/reimbursement6 | 0.56%5 | 0.52% | 0.18% | 0.11% | 0.10% | 0.15% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $2,615,058 | $2,390,301 | $2,076,883 | $2,138,942 | $2,059,409 | $1,435,990 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Represents less than 0.01%. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.0001 | 0.011 | 0.022 | 0.013 | 0.004 |
Net realized gain (loss) | 0.0001 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.011 | 0.022 | 0.013 | 0.004 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.011) | (0.022) | (0.013) | (0.004) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.011) | (0.022) | (0.013) | (0.004) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.00%3 | 0.01% | 1.09% | 2.18% | 1.25% | 0.44% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.07%5 | 0.11% | 0.19% | 0.18% | 0.19% | 0.20% |
Net investment income | 0.01%5 | 0.01% | 0.99% | 2.17% | 1.24% | 0.43% |
Expense waiver/ reimbursement6 | 0.22%5 | 0.17% | 0.10% | 0.11% | 0.10% | 0.08% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $36,641,430 | $40,668,867 | $49,615,082 | $33,350,766 | $25,992,845 | $24,203,284 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Represents less than 0.01%. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.0001 | 0.009 | 0.019 | 0.010 | 0.002 |
Net realized gain (loss) | 0.0001 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.009 | 0.019 | 0.010 | 0.002 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.009) | (0.019) | (0.010) | (0.002) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.009) | (0.019) | (0.010) | (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 | 0.01% | 0.88% | 1.93% | 1.00% | 0.21% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.07%5 | 0.12% | 0.39% | 0.43% | 0.44% | 0.43% |
Net investment income | 0.01%5 | 0.01% | 0.84% | 1.92% | 0.96% | 0.22% |
Expense waiver/reimbursement6 | 0.46%5 | 0.41% | 0.15% | 0.11% | 0.10% | 0.10% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $5,254,307 | $5,363,707 | $5,512,396 | $4,672,058 | $3,584,885 | $5,208,323 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Represents less than 0.01%. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.0001 | 0.010 | 0.021 | 0.012 | 0.003 |
Net realized gain (loss) | 0.0001 | 0.0001 | (0.000)1 | 0.0001 | (0.000)1 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.010 | 0.021 | 0.012 | 0.003 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.010) | (0.021) | (0.012) | (0.003) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.010) | (0.021) | (0.012) | (0.003) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.00%3 | 0.01% | 0.99% | 2.08% | 1.15% | 0.34% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.07%5 | 0.11% | 0.28% | 0.28% | 0.29% | 0.30% |
Net investment income | 0.01%5 | 0.01% | 0.90% | 2.07% | 1.12% | 0.35% |
Expense waiver/reimbursement6 | 0.31%5 | 0.27% | 0.11% | 0.11% | 0.10% | 0.08% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $2,167,042 | $1,859,069 | $2,119,651 | $1,250,599 | $1,114,276 | $1,857,588 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Represents less than 0.01%. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0001 | 0.0001 | 0.007 | 0.017 | 0.008 | 0.001 |
Net realized gain (loss) | 0.0001 | 0.0001 | (0.000)1 | 0.0001 | (0.000)1 | (0.000)1 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.007 | 0.017 | 0.008 | 0.001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.007) | (0.017) | (0.008) | (0.001) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.007) | (0.017) | (0.008) | (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 | 0.01% | 0.72% | 1.67% | 0.75% | 0.08% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.07%5 | 0.13% | 0.54% | 0.68% | 0.69% | 0.57% |
Net investment income | 0.01%5 | 0.01% | 0.66% | 1.67% | 0.77% | 0.09% |
Expense waiver/reimbursement6 | 0.71%5 | 0.65% | 0.25% | 0.11% | 0.10% | 0.22% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $882,861 | $754,675 | $1,379,716 | $860,830 | $512,289 | $909,570 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Represents less than 0.01%. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
January 31, 2022 (unaudited)
Assets: | |
Investment in repurchase agreements | $29,085,668,037 |
Investment in securities | 17,835,987,203 |
Investment in securities, at amortized cost and fair value | 46,921,655,240 |
Cash | 620,137,924 |
Income receivable | 11,247,107 |
Receivable for shares sold | 25,160,007 |
Total Assets | 47,578,200,278 |
Liabilities: | |
Payable for shares redeemed | 16,786,574 |
Income distribution payable | 143,492 |
Payable for investment adviser fee (Note 4) | 13,478 |
Payable for administrative fee (Note 4) | 101,879 |
Payable for distribution services fee (Note 4) | 155 |
Accrued expenses (Note 4) | 456,090 |
Total Liabilities | 17,501,668 |
Net assets for 47,560,518,397 shares outstanding | $47,560,698,610 |
Net Assets Consist of: | |
Paid-in capital | $47,560,711,400 |
Total distributable earnings (loss) | (12,790) |
Total Net Assets | $47,560,698,610 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Automated Shares: | |
$2,615,058,310 ÷ 2,615,048,398 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Institutional Shares: | |
$36,641,429,689 ÷ 36,641,290,828 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$5,254,307,329 ÷ 5,254,287,418 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Capital Shares: | |
$2,167,042,433 ÷ 2,167,034,249 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Trust Shares: | |
$882,860,849 ÷ 882,857,504 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Six Months Ended January 31, 2022 (unaudited)
Investment Income: | |
Interest | $18,714,484 |
Expenses: | |
Investment adviser fee (Note 4) | 50,359,830 |
Administrative fee (Note 4) | 19,687,138 |
Custodian fees | 709,218 |
Transfer agent fees (Note 2) | 1,389,546 |
Directors’/Trustees’ fees (Note 4) | 136,340 |
Auditing fees | 12,449 |
Legal fees | 4,780 |
Portfolio accounting fees | 124,769 |
Distribution services fee (Note 4) | 1,036,516 |
Other service fees (Notes 2 and 4) | 11,723,023 |
Share registration costs | 90,368 |
Printing and postage | 79,037 |
Miscellaneous (Note 4) | 137,770 |
TOTAL EXPENSES | 85,490,784 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 4) | (50,130,329) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (18,035,062) |
TOTAL WAIVERS AND REIMBURSEMENTS | (68,165,391) |
Net expenses | 17,325,393 |
Net investment income | 1,389,091 |
Net realized loss on investments | (8,701) |
Change in net assets resulting from operations | $1,380,390 |
Six Months Ended (unaudited) 1/31/2022 | Year Ended 7/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $1,389,091 | $7,054,702 |
Net realized gain (loss) | (8,701) | 73,708 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 1,380,390 | 7,128,410 |
Distributions to Shareholders: | ||
Automated Shares | (76,877) | (209,741) |
Institutional Shares | (1,178,865) | (6,197,196) |
Service Shares | (154,986) | (484,814) |
Capital Shares | (58,653) | (166,570) |
Trust Shares | (24,562) | (87,784) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (1,493,943) | (7,146,105) |
Share Transactions: | ||
Proceeds from sale of shares | 119,534,864,445 | 502,424,154,556 |
Net asset value of shares issued to shareholders in payment of distributions declared | 569,912 | 2,662,531 |
Cost of shares redeemed | (123,011,240,786) | (512,093,908,564) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (3,475,806,429) | (9,667,091,477) |
Change in net assets | (3,475,919,982) | (9,667,109,172) |
Net Assets: | ||
Beginning of period | 51,036,618,592 | 60,703,727,764 |
End of period | $47,560,698,610 | $51,036,618,592 |
Transfer Agent Fees Incurred | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $1,253,287 | $(1,245,893) |
Institutional Shares | 113,480 | — |
Service Shares | 14,771 | — |
Capital Shares | 5,641 | — |
Trust Shares | 2,367 | — |
TOTAL | $1,389,546 | $(1,245,893) |
Other Service Fees Incurred | Other Service Fees Waived by Unaffiliated Third Parties | |
Automated Shares | $3,239,039 | $(3,239,039) |
Service Shares | 6,480,031 | (6,480,031) |
Capital Shares | 967,437 | (967,437) |
Trust Shares | 1,036,516 | (1,036,516) |
TOTAL | $11,723,023 | $(11,723,023) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Automated Shares: | Shares | Amount | Shares | Amount |
Shares sold | 1,483,652,708 | $1,483,652,708 | 3,534,186,315 | $3,534,187,820 |
Shares issued to shareholders in payment of distributions declared | 75,190 | 75,190 | 205,073 | 205,073 |
Shares redeemed | (1,258,966,978) | (1,258,966,978) | (3,220,977,585) | (3,220,977,585) |
NET CHANGE RESULTING FROM AUTOMATED SHARE TRANSACTIONS | 224,760,920 | $224,760,920 | 313,413,803 | $313,415,308 |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 103,961,070,304 | $103,961,070,304 | 475,862,853,089 | $475,862,876,318 |
Shares issued to shareholders in payment of distributions declared | 416,184 | 416,184 | 2,162,558 | 2,162,558 |
Shares redeemed | (107,988,828,163) | (107,988,828,163) | (484,811,234,930) | (484,811,234,930) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (4,027,341,675) | $(4,027,341,675) | (8,946,219,283) | $(8,946,196,054) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 10,634,868,253 | $10,634,868,253 | 16,207,570,121 | $16,207,573,365 |
Shares issued to shareholders in payment of distributions declared | 41,465 | 41,465 | 165,128 | 165,128 |
Shares redeemed | (10,744,298,348) | (10,744,298,348) | (16,356,429,399) | (16,356,429,399) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (109,388,630) | $(109,388,630) | (148,694,150) | $(148,690,906) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,612,624,120 | $2,612,624,120 | 4,834,374,253 | $4,834,375,459 |
Shares issued to shareholders in payment of distributions declared | 33,239 | 33,239 | 90,600 | 90,600 |
Shares redeemed | (2,304,680,968) | (2,304,680,968) | (5,095,047,779) | (5,095,047,779) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | 307,976,391 | $307,976,391 | (260,582,926) | $(260,581,720) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Trust Shares: | Shares | Amount | Shares | Amount |
Shares sold | 842,649,060 | $842,649,060 | 1,985,141,150 | $1,985,141,594 |
Shares issued to shareholders in payment of distributions declared | 3,834 | 3,834 | 39,172 | 39,172 |
Shares redeemed | (714,466,329) | (714,466,329) | (2,610,218,871) | (2,610,218,871) |
NET CHANGE RESULTING FROM TRUST SHARE TRANSACTIONS | 128,186,565 | $128,186,565 | (625,038,549) | $(625,038,105) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (3,475,806,429) | $(3,475,806,429) | (9,667,121,105) | $(9,667,091,477) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Trust Shares | $1,036,516 | $(1,036,516) |
Beginning Account Value 8/1/2021 | Ending Account Value 1/31/2022 | Expenses Paid During Period1 | |
Actual: | |||
Automated Shares | $1,000 | $1,000.00 | $0.352 |
Institutional Shares | $1,000 | $1,000.00 | $0.353 |
Service Shares | $1,000 | $1,000.00 | $0.354 |
Capital Shares | $1,000 | $1,000.00 | $0.355 |
Trust Shares | $1,000 | $1,000.00 | $0.356 |
Hypothetical (assuming a 5% return before expenses): | |||
Automated Shares | $1,000 | $1,024.85 | $0.362 |
Institutional Shares | $1,000 | $1,024.85 | $0.363 |
Service Shares | $1,000 | $1,024.85 | $0.364 |
Capital Shares | $1,000 | $1,024.85 | $0.365 |
Trust Shares | $1,000 | $1,024.85 | $0.366 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Automated Shares | 0.07% |
Institutional Shares | 0.07% |
Service Shares | 0.07% |
Capital Shares | 0.07% |
Trust Shares | 0.07% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Automated Shares current Fee Limit of 0.55% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.77 and $2.81, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Service Shares current Fee Limit of 0.45% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.27 and $2.30, respectively. |
5 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Capital Shares current Fee Limit of 0.30% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.51 and $1.53, respectively. |
6 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Trust Shares current Fee Limit of 0.70% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $3.53 and $3.57, respectively. |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
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Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N500
CUSIP 60934N872
CUSIP 60934N823
CUSIP 60934N120
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Share Class | Ticker | Institutional | TTOXX | Cash II | TTIXX | Cash Series | TCSXX |
Federated Hermes Trust for U.S. Treasury Obligations
A Portfolio of Federated Hermes Money Market Obligations Trust
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Security Type | Percentage of Total Net Assets |
U.S. Treasury Securities | 37.6% |
Repurchase Agreements | 62.4% |
Other Assets and Liabilities—Net2,3 | (0.0)% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for a description of the types of securities in which the Fund invests. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
3 | Represents less than 0.1%. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 79.2% |
8-30 Days | 1.9% |
31-90 Days | 2.6% |
91-180 Days | 6.6% |
181 Days or more | 9.7% |
Other Assets and Liabilities—Net2,3 | (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. |
3 | Represents less than 0.1%. |
Principal Amount | Value | ||
U.S. TREASURIES— 37.6% | |||
$ 3,800,000 | 1 | United States Treasury Bills, 0.055%, 2/3/2022 | $ 3,799,988 |
16,000,000 | 1 | United States Treasury Bills, 0.055%, 2/22/2022 | 15,999,487 |
35,000,000 | 1 | United States Treasury Bills, 0.055%, 3/1/2022 | 34,998,503 |
19,600,000 | 1 | United States Treasury Bills, 0.060%, 4/21/2022 | 19,597,419 |
12,000,000 | 1 | United States Treasury Bills, 0.060%, 4/28/2022 | 11,998,280 |
2,000,000 | 1 | United States Treasury Bills, 0.065%, 5/5/2022 | 1,999,664 |
50,000,000 | 1 | United States Treasury Bills, 0.065%, 5/12/2022 | 49,990,972 |
20,000,000 | 1 | United States Treasury Bills, 0.070%, 3/29/2022 | 19,997,822 |
25,000,000 | 1 | United States Treasury Bills, 0.075%, 7/14/2022 | 24,991,510 |
35,000,000 | 1 | United States Treasury Bills, 0.080%, 8/11/2022 | 34,985,144 |
5,000,000 | 1 | United States Treasury Bills, 0.123%, 10/6/2022 | 4,995,798 |
28,000,000 | 1 | United States Treasury Bills, 0.160%, 6/23/2022 | 27,982,329 |
22,000,000 | 1 | United States Treasury Bills, 0.163%, 11/3/2022 | 21,972,958 |
38,000,000 | 1 | United States Treasury Bills, 0.210%, 6/30/2022 | 37,966,972 |
20,000,000 | 1 | United States Treasury Bills, 0.220%, 7/7/2022 | 19,980,933 |
4,000,000 | 1 | United States Treasury Bills, 0.240%, 12/1/2022 | 3,991,920 |
10,000,000 | 1 | United States Treasury Bills, 0.630%, 1/26/2023 | 9,937,175 |
61,000,000 | 2 | United States Treasury Floating Rate Notes, 0.219% (91-day T-Bill +0.029%), 2/1/2022 | 61,002,299 |
69,500,000 | 2 | United States Treasury Floating Rate Notes, 0.224% (91-day T-Bill +0.034%), 2/1/2022 | 69,502,942 |
16,000,000 | 2 | United States Treasury Floating Rate Notes, 0.225% (91-day T-Bill -0.015%), 2/1/2022 | 15,998,990 |
33,000,000 | 2 | United States Treasury Floating Rate Notes, 0.225% (91-day T-Bill +0.035%), 2/1/2022 | 32,999,098 |
52,000,000 | 2 | United States Treasury Floating Rate Notes, 0.239% (91-day T-Bill +0.049%), 2/1/2022 | 52,002,930 |
156,250,000 | 2 | United States Treasury Floating Rate Notes, 0.245% (91-day T-Bill +0.055%), 2/1/2022 | 156,250,051 |
70,000,000 | 2 | United States Treasury Floating Rate Notes, 0.304% (91-day T-Bill +0.114%), 2/1/2022 | 70,002,404 |
30,750,000 | United States Treasury Notes, 0.125%, 10/31/2022 | 30,756,100 | |
14,354,000 | United States Treasury Notes, 1.375%, 10/15/2022 | 14,483,955 | |
23,000,000 | United States Treasury Notes, 1.500%, 9/15/2022 | 23,201,621 | |
14,000,000 | United States Treasury Notes, 1.625%, 11/15/2022 | 14,165,970 | |
13,000,000 | United States Treasury Notes, 1.750%, 5/15/2022 | 13,061,634 | |
6,000,000 | United States Treasury Notes, 1.875%, 5/31/2022 | 6,035,274 | |
13,000,000 | United States Treasury Notes, 1.875%, 7/31/2022 | 13,114,001 | |
31,000,000 | United States Treasury Notes, 1.875%, 8/31/2022 | 31,180,209 | |
31,000,000 | United States Treasury Notes, 1.875%, 9/30/2022 | 31,177,986 | |
15,000,000 | United States Treasury Notes, 2.000%, 11/30/2022 | 15,229,016 | |
15,000,000 | United States Treasury Notes, 2.125%, 12/31/2022 | 15,152,525 |
Principal Amount | Value | ||
U.S. TREASURIES— continued | |||
$ 20,000,000 | United States Treasury Notes, 2.375%, 3/15/2022 | $ 20,052,962 | |
TOTAL | 1,030,556,841 | ||
REPURCHASE AGREEMENTS— 62.4% | |||
10,000,000 | Interest in $250,000,000 joint repurchase agreement 0.10%, dated 1/19/2022 under which Bank of Montreal will repurchase securities provided as collateral for $250,043,750 on 3/23/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2051 and the market value of those underlying securities was $255,009,237. | 10,000,000 | |
10,000,000 | Interest in $950,000,000 joint repurchase agreement 0.12%, dated 1/18/2022 under which Bank of Montreal will repurchase securities provided as collateral for $950,231,167 on 4/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2051 and the market value of those underlying securities was $969,045,224. | 10,000,000 | |
20,000,000 | Interest in $1,250,000,000 joint repurchase agreement 0.06%, dated 1/26/2022 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $1,250,068,750 on 2/28/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 1/31/2027 and the market value of those underlying securities was $1,275,093,265. | 20,000,000 | |
35,000,000 | Interest in $500,000,000 joint repurchase agreement 0.07%, dated 1/7/2020 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $500,006,319 on 2/9/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 12/31/2027 and the market value of those underlying securities was $510,088,077. | 35,000,000 | |
750,000,000 | Interest in $750,000,000 joint repurchase agreement 0.05%, dated 1/31/2022 under which Federal Reserve Bank of New York will repurchase securities provided as collateral for $750,001,042 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2044 and the market value of those underlying securities was $750,001,054. | 750,000,000 | |
250,000,000 | Interest in $250,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $250,000,382 on 2/1/2022. The securities provided as collateral at the end of the period held with State Street Bank & Co. as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2051 and the market value of those underlying securities was $255,000,033. | 250,000,000 | |
40,000,000 | Interest in $800,000,000 joint repurchase agreement 0.06%, dated 1/27/2022 under which J.P. Morgan Securities LLC will repurchase securities provided as collateral for $800,008,000 on 2/3/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2026 and the market value of those underlying securities was $816,000,002. | 40,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$446,000,000 | Interest in $2,275,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $2,275,003,476 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2051 and the market value of those underlying securities was $2,320,503,552. | $ 446,000,000 | |
150,000,000 | Interest in $3,000,000,000 joint repurchase agreement 0.06%, dated 1/31/2022 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $3,000,004,583 on 2/1/2022. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2050 and the market value of those underlying securities was $3,060,004,676. | 150,000,000 | |
TOTAL REPURCHASE AGREEMENTS | 1,711,000,000 | ||
TOTAL INVESTMENT IN SECURITIES—100.0% (AT AMORTIZED COST)3 | 2,741,556,841 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.0)%4 | (876,806) | ||
TOTAL NET ASSETS—100% | $2,740,680,035 |
1 | Discount rate(s) at time of purchase. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. |
3 | Also represents cost of investments for federal tax purposes. |
4 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.011 | 0.021 | 0.012 | 0.004 |
Net realized gain (loss) | 0.0001 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 | (0.000)1 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.011 | 0.021 | 0.012 | 0.004 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.011) | (0.021) | (0.012) | (0.004) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.011) | (0.021) | (0.012) | (0.004) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.00%3 | 0.01% | 1.07% | 2.16% | 1.25% | 0.44% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.08%5 | 0.13% | 0.20% | 0.20% | 0.20% | 0.20% |
Net investment income | 0.00%3, 5 | 0.01% | 0.94% | 2.18% | 1.23% | 0.47% |
Expense waiver/reimbursement6 | 0.22%5 | 0.17% | 0.11% | 0.11% | 0.13% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,214,117 | $1,464,865 | $2,334,139 | $1,344,393 | $360,889 | $288,652 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Represents less than 0.01%. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.006 | 0.014 | 0.005 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.006 | 0.014 | 0.005 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.006) | (0.014) | (0.005) | (0.000)1 |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.006) | (0.014) | (0.005) | (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 | 0.00%3 | 0.58% | 1.45% | 0.54% | 0.02% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.08%5 | 0.13% | 0.67% | 0.90% | 0.90% | 0.62% |
Net investment income | 0.00%3, 5 | 0.00%3 | 0.53% | 1.44% | 0.53% | 0.02% |
Expense waiver/reimbursement6 | 0.93%5 | 0.87% | 0.34% | 0.11% | 0.13% | 0.41% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $717,028 | $735,469 | $750,118 | $591,844 | $635,165 | $751,234 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Represents less than 0.01%. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2022 | Year Ended July 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income | 0.0001 | 0.0001 | 0.005 | 0.013 | 0.004 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.005 | 0.013 | 0.004 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.005) | (0.013) | (0.004) | (0.000)1 |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.005) | (0.013) | (0.004) | (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 | 0.00%3 | 0.50% | 1.31% | 0.40% | 0.00%3 |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.08%5 | 0.13% | 0.76% | 1.04% | 1.05% | 0.64% |
Net investment income | 0.00%3, 5 | 0.00%3 | 0.47% | 1.32% | 0.30% | 0.00%3 |
Expense waiver/reimbursement6 | 1.16%5 | 1.10% | 0.48% | 0.21% | 0.23% | 0.64% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $809,535 | $767,050 | $653,747 | $496,252 | $341,124 | $660,717 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Represents less than 0.01%. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
January 31, 2022 (unaudited)
Assets: | |
Investment in repurchase agreements | $1,711,000,000 |
Investment in securities | 1,030,556,841 |
Investment in securities, at amortized cost and fair value | 2,741,556,841 |
Cash | 119,462 |
Income receivable | 828,286 |
Receivable for shares sold | 154,341 |
Total Assets | 2,742,658,930 |
Liabilities: | |
Payable for shares redeemed | 1,759,640 |
Payable for investment adviser fee (Note 4) | 44,540 |
Payable for administrative fee (Note 4) | 5,875 |
Payable for portfolio accounting fees | 71,428 |
Accrued expenses (Note 4) | 97,412 |
Total Liabilities | 1,978,895 |
Net assets for 2,740,680,871 shares outstanding | $2,740,680,035 |
Net Assets Consist of: | |
Paid-in capital | $2,740,680,901 |
Total distributable earnings (loss) | (866) |
Total Net Assets | $2,740,680,035 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$1,214,116,972 ÷ 1,214,117,343 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$717,028,109 ÷ 717,028,327 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$809,534,954 ÷ 809,535,201 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Six Months Ended January 31, 2022 (unaudited)
Investment Income: | |
Interest | $1,111,793 |
Expenses: | |
Investment adviser fee (Note 4) | 2,912,435 |
Administrative fee (Note 4) | 1,138,949 |
Custodian fees | 44,724 |
Transfer agent fees (Note 2) | 765,877 |
Directors’/Trustees’ fees (Note 4) | 8,378 |
Auditing fees | 10,233 |
Legal fees | 5,629 |
Portfolio accounting fees | 101,855 |
Distribution services fee (Note 4) | 3,720,430 |
Other service fees (Notes 2 and 4) | 1,932,116 |
Share registration costs | 67,796 |
Printing and postage | 32,746 |
Miscellaneous (Note 4) | 41,500 |
TOTAL EXPENSES | 10,782,668 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 4) | (2,908,226) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (6,762,679) |
TOTAL WAIVERS AND REIMBURSEMENTS | (9,670,905) |
Net expenses | 1,111,763 |
Net investment income | 30 |
Net realized loss on investments | (372) |
Change in net assets resulting from operations | $(342) |
Six Months Ended (unaudited) 1/31/2022 | Year Ended 7/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $30 | $127,278 |
Net realized gain (loss) | (372) | 3,411 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | (342) | 130,689 |
Distributions to Shareholders: | ||
Institutional Shares | (2,176) | (128,157) |
Cash II Shares | (1,151) | (678) |
Cash Series Shares | (1,297) | (544) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (4,624) | (129,379) |
Share Transactions: | ||
Proceeds from sale of shares | 2,224,487,768 | 5,025,976,951 |
Net asset value of shares issued to shareholders in payment of distributions declared | 3,303 | 66,790 |
Cost of shares redeemed | (2,451,189,798) | (5,796,664,885) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (226,698,727) | (770,621,144) |
Change in net assets | (226,703,693) | (770,619,834) |
Net Assets: | ||
Beginning of period | 2,967,383,728 | 3,738,003,562 |
End of period | $2,740,680,035 | $2,967,383,728 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Institutional Shares | $8,685 | $(14) | $— |
Cash II Shares | 387,099 | — | (382,451) |
Cash Series Shares | 370,093 | — | (365,007) |
TOTAL | $765,877 | $(14) | $(747,458) |
Other Service Fees Incurred | Other Service Fees Waived by Unaffiliated Third Parties | |
Cash II Shares | $917,686 | $(917,686) |
Cash Series Shares | 1,014,430 | (1,014,430) |
TOTAL | $1,932,116 | $(1,932,116) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 946,462,867 | $946,462,867 | 2,318,100,584 | $2,318,100,584 |
Shares issued to shareholders in payment of distributions declared | 904 | 904 | 65,594 | 65,594 |
Shares redeemed | (1,197,209,230) | (1,197,209,230) | (3,187,440,884) | (3,187,440,884) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (250,745,459) | $(250,745,459) | (869,274,706) | $(869,274,706) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 173,290,034 | $173,290,034 | 839,112,903 | $839,112,903 |
Shares issued to shareholders in payment of distributions declared | 1,125 | 1,125 | 656 | 656 |
Shares redeemed | (191,730,656) | (191,730,656) | (853,762,845) | (853,762,845) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | (18,439,497) | $(18,439,497) | (14,649,286) | $(14,649,286) |
Six Months Ended 1/31/2022 | Year Ended 7/31/2021 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 1,104,734,867 | $1,104,734,867 | 1,868,763,464 | $1,868,763,464 |
Shares issued to shareholders in payment of distributions declared | 1,274 | 1,274 | 540 | 540 |
Shares redeemed | (1,062,249,912) | (1,062,249,912) | (1,755,461,156) | (1,755,461,156) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | 42,486,229 | $42,486,229 | 113,302,848 | $113,302,848 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (226,698,727) | $(226,698,727) | (770,621,144) | $(770,621,144) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Cash II Shares | 0.35% |
Cash Series Shares | 0.60% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Cash II Shares | $1,285,209 | $(1,285,209) |
Cash Series Shares | 2,435,221 | (2,435,221) |
TOTAL | $3,720,430 | $(3,720,430) |
Beginning Account Value 8/1/2021 | Ending Account Value 1/31/2022 | Expenses Paid During Period1 | |
Actual: | |||
Institutional Shares | $1,000 | $1,000.00 | $0.402 |
Cash II Shares | $1,000 | $1,000.00 | $0.403 |
Cash Series Shares | $1,000 | $1,000.00 | $0.404 |
Hypothetical (assuming a 5% return before expenses): | |||
Institutional Shares | $1,000 | $1,024.80 | $0.412 |
Cash II Shares | $1,000 | $1,024.80 | $0.413 |
Cash Series Shares | $1,000 | $1,024.80 | $0.414 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Institutional Shares | 0.08% |
Cash II Shares | 0.08% |
Cash Series Shares | 0.08% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.01 and $1.02, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash II Shares current Fee Limit of 0.90% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $4.54 and $4.58, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash Series Shares current Fee Limit of 1.05% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $5.29 and $5.35, respectively. |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
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Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 608919551
CUSIP 608919569
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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 period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 12. | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies |
Not Applicable
Item 13. | Exhibits |
(a)(1) Code of Ethics- Not Applicable to this Report.
(a)(2) Certifications of Principal Executive Officer and Principal Financial Officer.
(a)(3) Not Applicable.
(b) Certifications pursuant to 18 U.S.C. Section 1350.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Registrant Federated Hermes Money Market Obligations Trust
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date March 24, 2022
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By /S/ J. Christopher Donahue
J. Christopher Donahue
Principal Executive Officer
Date March 24, 2022
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date March 24, 2022