United States
Securities and Exchange Commission
Washington, D.C. 20549
Form N-CSR
Certified Shareholder Report of Registered Management Investment Companies
811-5950
(Investment Company Act File Number)
Federated Hermes Money Market Obligations Trust
______________________________________________________________
(Exact Name of Registrant as Specified in Charter)
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
(Address of Principal Executive Offices)
(412) 288-1900
(Registrant's Telephone Number)
Peter J. Germain, Esquire
1001 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3779
(Name and Address of Agent for Service)
(Notices should be sent to the Agent for Service)
Date of Fiscal Year End: 10/31/22
Date of Reporting Period: Six months ended 04/30/22
Item 1. | Reports to Stockholders |
Share Class | Ticker | Wealth | CAIXX | Service | CACXX | Cash II | CALXX |
Cash Series | CCSXX | Capital | CCCXX |
Federated Hermes California Municipal Cash Trust
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Variable Rate Demand Instruments | 69.3% |
Commercial Paper | 27.9% |
Municipal Notes | 2.7% |
Other Assets and Liabilities—Net2 | 0.1% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for a description of these investments. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 55.1% |
8-30 Days | 4.2% |
31-90 Days | 27.3% |
91-180 Days | 10.7% |
181 Days or more | 2.6% |
Other Assets and Liabilities—Net2 | 0.1% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— 99.9% | ||
California— 99.9% | |||
$ 2,440,000 | Alameda County, CA IDA (Santini Foods, Inc.), (Series 2010A) Weekly VRDNs, (Comerica Bank LOC), 0.530%, 5/5/2022 | $ 2,440,000 | |
165,000 | Alameda County, CA IDA Recovery Zone Facility (Dale Hardware, Inc.), (Series 2010) Weekly VRDNs, (Comerica Bank LOC), 0.530%, 5/5/2022 | 165,000 | |
9,960,000 | Alvord, CA USD, Tender Option Bond Trust Certificates (2016-XG0089) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.520%, 5/5/2022 | 9,960,000 | |
3,365,000 | Banning, CA USD, Tender Option Bond Trust Certificates (Series 2017-XF2440) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.520%, 5/5/2022 | 3,365,000 | |
4,000,000 | Beaumont, CA Public Improvement Authority, Tender Option Bond Trust Certificates (Series 2018-ZF2715) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.520%, 5/5/2022 | 4,000,000 | |
3,320,000 | Calexico, CA USD, Tender Option Bond Trust Certificates (2017-XG0118) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.520%, 5/5/2022 | 3,320,000 | |
17,500,000 | California Educational Facilities Authority (Stanford University), (Series S-1), CP, 1.470%, Mandatory Tender 12/6/2022 | 17,500,000 | |
1,200,000 | California Educational Facilities Authority (Stanford University), (Series S-4), CP, 1.470%, Mandatory Tender 12/6/2022 | 1,200,000 | |
645,000 | California Enterprise Development Authority (Humane Society Silicon Valley), (Series 2008) Weekly VRDNs, (FHLB of San Francisco LOC), 0.460%, 5/5/2022 | 645,000 | |
52,245,000 | California Health Facilities Financing Authority (Dignity Health (Catholic Healthcare West)), Golden Blue (Series 2017-004) VRENs, (Barclays Bank PLC LIQ)/(Barclays Bank PLC LOC), 0.560%, 5/5/2022 | 52,245,000 | |
15,000,000 | California Health Facilities Financing Authority (Kaiser Permanente), (Series 2006D), CP, 0.930%, Mandatory Tender 9/8/2022 | 15,000,000 | |
13,000,000 | California Health Facilities Financing Authority (Kaiser Permanente), (Series 2006E), CP, 0.170%, Mandatory Tender 6/8/2022 | 13,000,000 | |
4,705,000 | California Health Facilities Financing Authority (Kaiser Permanente), (Series 2006E), CP, 0.520%, Mandatory Tender 6/15/2022 | 4,705,000 | |
5,000,000 | California Health Facilities Financing Authority (Kaiser Permanente), RBC Muni Products (Series G-44) TOBs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.590%, Optional Tender 5/2/2022 | 5,000,000 | |
1,932,000 | California Health Facilities Financing Authority (Stanford Health Care), (2008 Series B-2) TOBs, 0.470%, Mandatory Tender 5/11/2022 | 1,932,000 | |
11,890,000 | California Health Facilities Financing Authority (Sutter Health), Tender Option Bond Trust Receipts (Series 2018-XF0622) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.490%, 5/5/2022 | 11,890,000 | |
4,260,000 | California HFA Multi-Family (Hope on Broadway LP), Tender Option Bond Trust Receipts (2021-XF2928) Weekly VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.640%, 5/5/2022 | 4,260,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 8,575,000 | California Infrastructure & Economic Development Bank (St. Margaret of Scotland Episcopal School), (Series 2008) Monthly VRDNs, (FHLB of San Francisco LOC), 0.750%, 5/1/2022 | $ 8,575,000 | |
17,585,000 | California Municipal Finance Authority (CHF-Davis II LLC), Tender Option Bond Trust Receipts (Series 2021-XL0173) Weekly VRDNs, (Build America Mutual Assurance INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.530%, 5/5/2022 | 17,585,000 | |
18,830,000 | California Municipal Finance Authority (Montague Parkway Associates LP), Tender Option Bond Trust Floater Certificates (2020-MIZ9041) Weekly VRDNs, (GTD by FHLMC)/(Mizuho Bank Ltd. LIQ), 0.530%, 5/5/2022 | 18,830,000 | |
1,740,000 | California PCFA (Big Bear Disposal, Inc.), (Series 2010) Weekly VRDNs, (MUFG Union Bank, N.A. LOC), 0.530%, 5/4/2022 | 1,740,000 | |
7,520,000 | California State Department of Water Resources, (Series 1), CP, 0.600%, Mandatory Tender 5/17/2022 | 7,520,000 | |
2,500,000 | California State University Institute, (Series A), CP, (State Street Bank and Trust Co. LOC)/(Wells Fargo Bank, N.A. LOC), 0.550%, Mandatory Tender 6/2/2022 | 2,500,000 | |
5,000,000 | California State, (Series 2011A-2), CP, (Royal Bank of Canada LOC), 0.500%, Mandatory Tender 5/11/2022 | 5,000,000 | |
1,360,000 | California State, Tender Option Bond Trust Receipts (Series 2020-XF0935) Weekly VRDNs, (Bank of America N.A. LIQ), 0.470%, 5/5/2022 | 1,360,000 | |
2,980,000 | California Statewide Communities Development Authority (Essex Monarch La Brea Apartments LP), Tender Option Bond Trust Floater Certificates (Series 2019-MIZ9012) VRENs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.690%, 5/5/2022 | 2,980,000 | |
20,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2004E), CP, 0.850%, Mandatory Tender 8/11/2022 | 20,000,000 | |
9,435,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2004K), CP, 0.800%, Mandatory Tender 7/14/2022 | 9,435,000 | |
5,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2008B), CP, 0.400%, Mandatory Tender 5/5/2022 | 5,000,000 | |
25,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2009B-1), CP, 0.830%, Mandatory Tender 8/4/2022 | 25,000,000 | |
12,500,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2009B-4), CP, 0.140%, Mandatory Tender 5/3/2022 | 12,500,000 | |
10,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2009D), CP, 0.170%, Mandatory Tender 6/9/2022 | 10,000,000 | |
5,600,000 | California Statewide Communities Development Authority MFH (Beaumont CA Leased Housing Associates I, LP), (2010 Series B: Mountain View Apartments) Weekly VRDNs, (FHLMC LOC), 0.520%, 5/5/2022 | 5,600,000 | |
31,000,000 | California Statewide Communities Development Authority MFH (Uptown Newport Building Owner, LP), (2017 Series AA: One Uptown Newport Apartments) Weekly VRDNs, (Comerica Bank LOC), 0.490%, 5/5/2022 | 31,000,000 | |
3,040,000 | Central, CA USD, Tender Option Bond Trust Receipts (Series 2019-XF0758) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.480%, 5/5/2022 | 3,040,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 3,600,000 | Central, CA Union High School District, Tender Option Bond Trust Receipts (Series 2019-XF0759) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.480%, 5/5/2022 | $ 3,600,000 | |
2,000,000 | Chino Valley, CA USD, Tender Option Bond Trust Receipts (Series 2020-XF0922) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 2,000,000 | |
8,590,000 | College of the Sequoias, CA CCD (Tulare Area Improvement District No. 3), Tender Option Bond Trust Certificates (Series 2021-XF2937) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.490%, 5/5/2022 | 8,590,000 | |
8,000,000 | Compton, CA USD, Tender Option Bond Trust Receipts (2019-XM0764) Weekly VRDNs, (Build America Mutual Assurance INS)/(Royal Bank of Canada LIQ), 0.490%, 5/5/2022 | 8,000,000 | |
4,655,000 | Davis Joint USD, CA, Tender Option Bond Trust Certificates (Series 2019-XM0730) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Barclays Bank PLC LIQ), 0.520%, 5/5/2022 | 4,655,000 | |
3,730,000 | Downey, CA USD, Tender Option Bond Trust Receipts (Series 2021-XF1224) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.470%, 5/5/2022 | 3,730,000 | |
2,105,000 | Elk Grove, CA USD, Tender Option Bond Trust Receipts (Series 2017-XG0127) Weekly VRDNs, (Bank of America N.A. LIQ), 0.480%, 5/5/2022 | 2,105,000 | |
2,000,000 | Escondido, CA, RBC Muni Products (Series G-77) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.470%, 5/5/2022 | 2,000,000 | |
13,710,000 | Folsom Cordova, CA USD (School Facilities Improvement District No. 3), Tender Option Bond Trust Certificates (Series 2019-XM0744) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.490%, 5/5/2022 | 13,710,000 | |
8,875,000 | Foothill/Eastern Transportation Corridor Agency, CA, Tender Option Bond Trust Certificates (2019-XL011) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Barclays Bank PLC LIQ), 0.520%, 5/5/2022 | 8,875,000 | |
2,000,000 | Grossmont-Cuyamaca, CA CCD, Tender Option Bond Trust Receipts (Series 2018-XG0188) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.470%, 5/5/2022 | 2,000,000 | |
460,000 | Hollister, CA Redevelopment Agency (San Benito County Community Services Development Corp.), (Series 2004) Weekly VRDNs, (MUFG Union Bank, N.A. LOC), 0.480%, 5/5/2022 | 460,000 | |
6,387,000 | Irvine, CA Assessment District No. 93-14 Daily VRDNs, (Sumitomo Mitsui Banking Corp. LOC), 0.290%, 5/2/2022 | 6,387,000 | |
1,875,000 | Long Beach, CA Harbor Department (Port of Long Beach), Tender Option Bond Trust Receipts (Series 2020-XM0865) Weekly VRDNs, (Bank of America N.A. LIQ), 0.470%, 5/5/2022 | 1,875,000 | |
3,000,000 | Los Angeles County, CA Capital Asset Leasing Corporation, (Series C), CP, (Wells Fargo Bank, N.A. LOC), 0.800%, Mandatory Tender 6/15/2022 | 3,000,000 | |
2,250,000 | Los Angeles County, CA Facilities, Inc. (Los Angeles County, CA), Tender Option Bond Trust Receipts (2019-XM0750) Weekly VRDNs, (Bank of America N.A. LIQ), 0.480%, 5/5/2022 | 2,250,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$34,770,000 | Los Angeles County, CA Housing Authority MFH (The Solemint Heights Partnership), Tender Option Bond Trust Floater Certificates (Series 2020-MIZ9039) Weekly VRDNs, (GTD by FHLMC)/(Mizuho Bank Ltd. LIQ), 0.530%, 5/5/2022 | $ 34,770,000 | |
5,000,000 | Los Angeles County, CA TRANs, 4.000%, 6/30/2022 | 5,029,856 | |
6,025,000 | Los Angeles County, CA, Tender Option Bond Trust Receipts (Series 2015-ZF0183) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 6,025,000 | |
3,000,000 | Los Angeles, CA Department of Water & Power (Water Works/System), Tender Option Bond Trust Receipts (Series 2017-XG0121) Weekly VRDNs, (Bank of America N.A. LIQ), 0.470%, 5/5/2022 | 3,000,000 | |
740,000 | Los Angeles, CA MFH Revenue Bonds (Hope on Broadway LP), Tender Option Bond Trust Receipts (Series 2021-XF2929) Weekly VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.640%, 5/5/2022 | 740,000 | |
5,000,000 | Los Angeles, CA TRANs, 4.000%, 6/23/2022 | 5,028,126 | |
2,885,000 | Los Angeles, CA USD, Tender Option Bond Trust Receipts (Series 2018-XM0703) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 2,885,000 | |
4,985,000 | Lucia Mar, CA USD, Tender Option Bond Trust Receipts (Series 2018-XG0181) Weekly VRDNs, (Bank of America N.A. LIQ), 0.480%, 5/5/2022 | 4,985,000 | |
3,000,000 | Mountain House, CA Financing Authority (Mountain House, CA Community Services District), Tender Option Bond Trust Receipts (Series 2020-ZF2921) Weekly VRDNs, (Build America Mutual Assurance INS)/(Morgan Stanley Bank, N.A. LIQ), 0.520%, 5/5/2022 | 3,000,000 | |
1,000,000 | Municipal Improvement Corporation of Los Angeles, CA, (Series A-2), CP, (Bank of America N.A. LOC), 0.680%, Mandatory Tender 5/10/2022 | 1,000,000 | |
10,250,000 | Municipal Improvement Corporation of Los Angeles, CA, (Series A-3), CP, (U.S. Bank, N.A. LOC), 0.750%, Mandatory Tender 5/24/2022 | 10,250,000 | |
4,845,000 | New Haven, CA USD, Tender Option Bond Trust Receipts (Series 2020-XF0893) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.470%, 5/5/2022 | 4,845,000 | |
7,435,000 | Norwalk-La Mirada, CA USD, Tender Option Bond Trust Certificates (Series 2021-XL0171) Weekly VRDNs, (Wells Fargo Bank, N.A. LIQ), 0.470%, 5/5/2022 | 7,435,000 | |
2,490,000 | Norwalk-La Mirada, CA USD, Tender Option Bond Trust Receipts (Series 2020-XM0810) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.470%, 5/5/2022 | 2,490,000 | |
12,700,000 | Nuveen California AMT-Free Quality Municipal Income Fund, (Series 3) Weekly VRDPs, (Toronto Dominion Bank LIQ), 0.480%, 5/5/2022 | 12,700,000 | |
2,505,000 | Oxnard, CA School District, (Series 2018 G-8) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.470%, 5/5/2022 | 2,505,000 | |
1,190,000 | Pittsburg, CA USD, Tender Option Bond Trust Receipts (Series 2017-XF0578) Weekly VRDNs, (TD Bank, N.A. LIQ), 0.490%, 5/5/2022 | 1,190,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 550,000 | Pomona, CA USD, Tender Option Bond Trust Certificates (2021-XG0337) Weekly VRDNs, (Build America Mutual Assurance INS)/(Wells Fargo Bank, N.A. LIQ), 0.480%, 5/5/2022 | $ 550,000 | |
17,000,000 | River Islands, CA Public Financing Authority, Tender Option Bond Trust Floater Certificates (2019-MIZ9003) VRENs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.690%, 5/5/2022 | 17,000,000 | |
12,570,000 | Riverside County, CA Public Financing Authority (Riverside County, CA), Tender Option Bond Trust Receipt (2017-ZF0538) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.540%, 5/5/2022 | 12,570,000 | |
3,000,000 | Sacramento, CA Area Flood Control Agency Consolidated Capital Assessment District No. 2, RBC Muni Products (Series G-118) TOBs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.590%, Optional Tender 10/3/2022 | 3,000,000 | |
6,000,000 | Sacramento, CA Municipal Utility District, Tender Option Bond Trust Receipts (Series 2020-ZF0943) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.470%, 5/5/2022 | 6,000,000 | |
2,125,000 | San Bernardino, CA CCD, Tender Option Bond Trust Receipts (Series 2019-XF0786) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 2,125,000 | |
10,000,000 | San Diego County, CA Water Authority, CP Notes (Series 10), CP, 0.580%, Mandatory Tender 6/1/2022 | 10,000,000 | |
3,000,000 | San Diego, CA USD, RBC Muni Products (Series 2018-G51) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.470%, 5/5/2022 | 3,000,000 | |
1,185,000 | San Diego, CA USD, Tender Option Bond Trust Certificates (Series 2021-XL0175) Weekly VRDNs, (Wells Fargo Bank, N.A. LIQ), 0.470%, 5/5/2022 | 1,185,000 | |
5,027,000 | San Diego, CA Water Utility Fund, (Series A), CP, (Bank of America N.A. LOC), 0.180%, Mandatory Tender 5/16/2022 | 5,027,000 | |
8,318,000 | San Diego, CA Water Utility Fund, (Series A), CP, (Bank of America N.A. LOC), 0.680%, Mandatory Tender 7/6/2022 | 8,318,000 | |
2,000,000 | San Diego, CA Water Utility Fund, (Series A), CP, (Bank of America N.A. LOC), 0.710%, Mandatory Tender 6/9/2022 | 2,000,000 | |
25,000,000 | San Francisco, CA City and County (Transbay Block 8 Tower Apartments Obligated Group), Mizuho 3a-7 (2021-MIZ9063) VRENs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.690%, 5/5/2022 | 25,000,000 | |
3,330,000 | San Francisco, CA Public Utilities Commission (Water Enterprise), Tender Option Bond Trust Receipts (Series 2018-XF0607) Weekly VRDNs, (TD Bank, N.A. LIQ), 0.470%, 5/5/2022 | 3,330,000 | |
2,230,000 | San Mateo County, CA CCD, Tender Option Bond Trust Certificates (Series 2018-XM0712) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.470%, 5/5/2022 | 2,230,000 | |
479,000 | Santa Barbara, CA USD, Tender Option Bond Trust Receipts (Series 2019-XF0791) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 479,000 | |
15,000,000 | Santa Clara Valley, CA Water District, (Series A), CP, (MUFG Bank Ltd. LOC), 1.050%, Mandatory Tender 8/2/2022 | 15,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 3,000,000 | Sonoma County, CA Junior College District, (Series 2018 G-6) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.470%, 5/5/2022 | $ 3,000,000 | |
4,000,000 | South Coast, CA Water District, Tender Option Bond Trust Certificates (Series 2020-XL0151) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.470%, 5/5/2022 | 4,000,000 | |
2,410,000 | Southwestern CCD, CA, Tender Option Bond Trust Receipts (Series 2015-ZF0250) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 2,410,000 | |
4,750,000 | Sweetwater, CA Union High School District, RBC Muni Products, Inc. Trust (Series G-95) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.470%, 5/5/2022 | 4,750,000 | |
8,490,000 | Twin Rivers, CA USD, Tender Option Bond Trust Certificates (Series 2017-XF2442) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.520%, 5/5/2022 | 8,490,000 | |
3,650,000 | University of California (The Regents of), (2013 Series AL-4) Daily VRDNs, 0.260%, 5/2/2022 | 3,650,000 | |
2,675,000 | University of California (The Regents of), Tender Option Bond Trust Receipts (2016-XF0524) Weekly VRDNs, (TD Bank, N.A. LIQ), 0.470%, 5/5/2022 | 2,675,000 | |
1,500,000 | University of California (The Regents of), Tender Option Bond Trust Receipts (Series 2018-ZM0660) Weekly VRDNs, (Bank of America N.A. LIQ), 0.470%, 5/5/2022 | 1,500,000 | |
2,220,000 | University of California (The Regents of), Tender Option Bond Trust Receipts (Series 2020-XF0921) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.470%, 5/5/2022 | 2,220,000 | |
19,480,000 | Victor Valley, CA CCD, Tender Option Bond Trust Receipts (Series 2020-XM0864) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.490%, 5/5/2022 | 19,480,000 | |
45,000 | Victorville, CA Joint Powers Financing Authority (Victorville, CA), (Series 2007A: Cogeneration Facility) Weekly VRDNs, (BNP Paribas SA LOC), 0.470%, 5/5/2022 | 45,000 | |
13,585,000 | Western Placer, CA USD, Tender Option Bond Trust Receipts (Series 2017-XG0152) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Barclays Bank PLC LIQ), 0.520%, 5/5/2022 | 13,585,000 | |
19,875,000 | Whittier, CA Health Facility Revenue Bonds (Presbyterian Intercommunity Hospital Obligated Group), Golden Blue 3a-7 (Series 2018-030) VRENs, (Barclays Bank PLC LIQ)/(Barclays Bank PLC LOC), 0.560%, 5/5/2022 | 19,875,000 | |
5,357,000 | Yosemite, CA CCD, Tender Option Bond Trust Receipts (Series 2019-XF0772) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 5,357,000 | |
TOTAL INVESTMENT IN SECURITIES—99.9% (AT AMORTIZED COST)2 | 727,257,982 | ||
OTHER ASSETS AND LIABILITIES - NET—0.1%3 | 808,432 | ||
TOTAL NET ASSETS—100% | $728,066,414 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Also represents cost for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
CCD | —Community College District | |
CP | —Commercial Paper | |
FHLB | —Federal Home Loan Bank | |
FHLMC | —Federal Home Loan Mortgage Corporation | |
GTD | —Guaranteed | |
HFA | —Housing Finance Authority | |
IDA | —Industrial Development Authority | |
INS | —Insured | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
MFH | —Multi-Family Housing | |
PCFA | —Pollution Control Finance Authority | |
TOBs | —Tender Option Bonds | |
TRANs | —Tax and Revenue Anticipation Notes | |
USD | —United States Dollar | |
VRDNs | —Variable Rate Demand Notes | |
VRDPs | —Variable Rate Demand Preferreds | |
VRENs | —Variable Rate Extendible Notes |
Six Months Ended (unaudited) 4/30/2022 | Year Ended October 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 | 0.011 | 0.006 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | (0.000)1 | (0.000)1 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.0001 | 0.005 | 0.013 | 0.011 | 0.006 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.005) | (0.013) | (0.011) | (0.006) |
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) | (0.011) | (0.006) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.05% | 0.02% | 0.53% | 1.28% | 1.10% | 0.56% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.18%4 | 0.13% | 0.27% | 0.28% | 0.28% | 0.28% |
Net investment income | 0.07%4 | 0.01% | 0.54% | 1.25% | 1.10% | 0.58% |
Expense waiver/reimbursement5 | 0.25%4 | 0.29% | 0.15% | 0.14% | 0.19% | 0.29% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $323,530 | $333,923 | $584,821 | $678,115 | $372,325 | $156,974 |
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) 4/30/2022 | Year Ended October 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 | 0.010 | 0.008 | 0.003 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.004 | 0.010 | 0.008 | 0.003 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.004) | (0.010) | (0.008) | (0.003) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.004) | (0.010) | (0.008) | (0.003) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.02% | 0.02% | 0.38% | 1.03% | 0.85% | 0.31% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.24%4 | 0.13% | 0.41% | 0.53% | 0.53% | 0.53% |
Net investment income | 0.02%4 | 0.01% | 0.37% | 1.02% | 0.82% | 0.30% |
Expense waiver/reimbursement5 | 0.50%4 | 0.62% | 0.34% | 0.21% | 0.27% | 0.38% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $98,056 | $106,973 | $149,764 | $146,624 | $140,179 | $150,916 |
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) 4/30/2022 | Year Ended October 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 | 0.003 | 0.009 | 0.007 | 0.002 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | (0.000)1 | (0.000)1 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.003 | 0.009 | 0.007 | 0.002 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.003) | (0.009) | (0.007) | (0.002) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.003) | (0.009) | (0.007) | (0.002) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.02% | 0.02% | 0.30% | 0.88% | 0.70% | 0.16% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.25%4 | 0.13% | 0.47% | 0.68% | 0.68% | 0.68% |
Net investment income | 0.01%4 | 0.01% | 0.28% | 0.87% | 0.68% | 0.16% |
Expense waiver/reimbursement5 | 0.72%4 | 0.84% | 0.50% | 0.28% | 0.34% | 0.42% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $229,133 | $235,112 | $262,597 | $207,071 | $15,140 | $8,242 |
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) 4/30/2022 | Year Ended October 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 | 0.001 | 0.006 | 0.003 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | (0.001) | 0.0001 | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.001 | 0.005 | 0.003 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.001) | (0.005) | (0.003) | (0.000)1 |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.000)1 | (0.000)1 | (0.001) | (0.005) | (0.003) | (0.000)1 |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.02% | 0.02% | 0.15% | 0.53% | 0.35% | 0.01% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.25%4 | 0.13% | 0.59% | 1.03% | 1.03% | 0.83% |
Net investment income | 0.01%4 | 0.01% | 0.16% | 0.56% | 0.32% | 0.01% |
Expense waiver/reimbursement5 | 1.11%4 | 1.24% | 0.76% | 0.34% | 0.40% | 0.70% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $27,271 | $27,742 | $33,558 | $21,190 | $38,713 | $51,752 |
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) 4/30/2022 | Year Ended October 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 | 0.012 | 0.010 | 0.005 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | (0.000)1 | (0.000)1 | (0.000)1 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.005 | 0.012 | 0.010 | 0.005 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.005) | (0.012) | (0.010) | (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 | (0.005) | (0.012) | (0.010) | (0.005) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.04% | 0.02% | 0.46% | 1.18% | 1.00% | 0.46% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.20%4 | 0.13% | 0.32% | 0.38% | 0.38% | 0.38% |
Net investment income | 0.05%4 | 0.01% | 0.44% | 1.18% | 0.99% | 0.49% |
Expense waiver/reimbursement5 | 0.39%4 | 0.49% | 0.28% | 0.24% | 0.29% | 0.36% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $50,075 | $57,216 | $126,413 | $113,238 | $130,769 | $89,382 |
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. |
April 30, 2022 (unaudited)
Assets: | |
Investment in securities, at amortized cost and fair value | $727,257,982 |
Cash | 130,177 |
Income receivable | 935,911 |
Receivable for shares sold | 5,078 |
Total Assets | 728,329,148 |
Liabilities: | |
Payable for shares redeemed | 33,216 |
Income distribution payable | 5,558 |
Payable for investment adviser fee (Note 4) | 6,113 |
Payable for administrative fee (Note 4) | 3,123 |
Payable for transfer agent fees (Note 2) | 36,221 |
Payable for legal fees | 16,089 |
Payable for custodian fees | 9,925 |
Payable for portfolio accounting fees | 45,571 |
Payable for distribution services fee (Note 4) | 35,965 |
Payable for other service fees (Notes 2 and 4) | 66,837 |
Accrued expenses (Note 4) | 4,116 |
Total Liabilities | 262,734 |
Net assets for 728,065,418 shares outstanding | $728,066,414 |
Net Assets Consist of: | |
Paid-in capital | $728,065,383 |
Total distributable earnings (loss) | 1,031 |
Total Net Assets | $728,066,414 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Wealth Shares: | |
$323,530,479 ÷ 323,525,687 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$98,056,044 ÷ 98,057,221 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$229,133,447 ÷ 229,134,461 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$27,271,173 ÷ 27,271,323 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Capital Shares: | |
$50,075,271 ÷ 50,076,726 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Six Months Ended April 30, 2022 (unaudited)
Investment Income: | |
Interest | $960,766 |
Expenses: | |
Investment adviser fee (Note 4) | 1,112,235 |
Administrative fee (Note 4) | 291,073 |
Custodian fees | 11,606 |
Transfer agent fees (Note 2) | 190,152 |
Directors’/Trustees’ fees (Note 4) | 2,116 |
Auditing fees | 10,413 |
Legal fees | 1,568 |
Portfolio accounting fees | 88,856 |
Distribution services fee (Note 4) | 322,363 |
Other service fees (Notes 2 and 4) | 492,500 |
Share registration costs | 46,048 |
Printing and postage | 14,558 |
Miscellaneous (Note 4) | 6,228 |
TOTAL EXPENSES | 2,589,716 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 4) | (881,509) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (899,684) |
TOTAL WAIVERS AND REIMBURSEMENTS | (1,781,193) |
Net expenses | 808,523 |
Net investment income | 152,243 |
Net realized loss on investments | (20,674) |
Change in net assets resulting from operations | $131,569 |
Six Months Ended (unaudited) 4/30/2022 | Year Ended 10/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $152,243 | $94,557 |
Net realized gain (loss) | (20,674) | 113,902 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 131,569 | 208,459 |
Distributions to Shareholders: | ||
Wealth Shares | (165,923) | (111,257) |
Service Shares | (23,547) | (29,754) |
Cash II Shares | (46,518) | (56,378) |
Cash Series Shares | (5,757) | (6,659) |
Capital Shares | (23,423) | (24,301) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (265,168) | (228,349) |
Share Transactions: | ||
Proceeds from sale of shares | 400,563,943 | 1,030,866,846 |
Net asset value of shares issued to shareholders in payment of distributions declared | 217,886 | 175,246 |
Cost of shares redeemed | (433,547,260) | (1,427,210,020) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (32,765,431) | (396,167,928) |
Change in net assets | (32,899,030) | (396,187,818) |
Net Assets: | ||
Beginning of period | 760,965,444 | 1,157,153,262 |
End of period | $728,066,414 | $760,965,444 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Wealth Shares | $5,768 | $(2,027) | $— |
Service Shares | 35,591 | (18,870) | (15,455) |
Cash II Shares | 116,334 | (58,938) | (54,546) |
Cash Series Shares | 12,121 | (5,294) | (6,485) |
Capital Shares | 20,338 | (15,829) | (3,794) |
TOTAL | $190,152 | $(100,958) | $(80,280) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $131,497 | $(486) | $(99,793) |
Cash II Shares | 295,763 | (47) | (263,252) |
Cash Series Shares | 35,501 | — | (35,501) |
Capital Shares | 29,739 | (87) | (22,653) |
TOTAL | $492,500 | $(620) | $(421,199) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Wealth Shares: | Shares | Amount | Shares | Amount |
Shares sold | 164,978,863 | $164,978,863 | 292,821,927 | $292,821,927 |
Shares issued to shareholders in payment of distributions declared | 123,512 | 123,512 | 63,937 | 63,937 |
Shares redeemed | (175,440,369) | (175,440,369) | (543,765,669) | (543,765,669) |
NET CHANGE RESULTING FROM WEALTH SHARE TRANSACTIONS | (10,337,994) | $(10,337,994) | (250,879,805) | $(250,879,805) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 110,090,388 | $110,090,388 | 162,153,743 | $162,153,743 |
Shares issued to shareholders in payment of distributions declared | 18,745 | 18,745 | 24,371 | 24,371 |
Shares redeemed | (119,006,251) | (119,006,251) | (204,967,112) | (204,967,112) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (8,897,118) | $(8,897,118) | (42,788,998) | $(42,788,998) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 77,903,970 | $77,903,970 | 368,018,766 | $368,018,766 |
Shares issued to shareholders in payment of distributions declared | 46,518 | 46,518 | 56,376 | 56,376 |
Shares redeemed | (83,886,127) | (83,886,127) | (395,567,211) | (395,567,211) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | (5,935,639) | $(5,935,639) | (27,492,069) | $(27,492,069) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 17,060,693 | $17,060,693 | 77,147,133 | $77,147,133 |
Shares issued to shareholders in payment of distributions declared | 5,746 | 5,746 | 6,449 | 6,449 |
Shares redeemed | (17,532,276) | (17,532,276) | (82,969,632) | (82,969,632) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | (465,837) | $(465,837) | (5,816,050) | $(5,816,050) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 30,530,029 | $30,530,029 | 130,725,277 | $130,725,277 |
Shares issued to shareholders in payment of distributions declared | 23,365 | 23,365 | 24,113 | 24,113 |
Shares redeemed | (37,682,237) | (37,682,237) | (199,940,396) | (199,940,396) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (7,128,843) | $(7,128,843) | (69,191,006) | $(69,191,006) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (32,765,431) | $(32,765,431) | (396,167,928) | $(396,167,928) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Cash II Shares | 0.20% |
Cash Series Shares | 0.60% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Cash II Shares | $237,122 | $(190,767) |
Cash Series Shares | 85,241 | (75,883) |
TOTAL | $322,363 | $(266,650) |
Beginning Account Value 11/1/2021 | Ending Account Value 4/30/2022 | Expenses Paid During Period1 | |
Actual: | |||
Wealth Shares | $1,000 | $1,000.50 | $0.892 |
Service Shares | $1,000 | $1,000.20 | $1.193 |
Cash II Shares | $1,000 | $1,000.20 | $1.244 |
Cash Series Shares | $1,000 | $1,000.20 | $1.245 |
Capital Shares | $1,000 | $1,000.40 | $0.996 |
Hypothetical (assuming a 5% return before expenses): | |||
Wealth Shares | $1,000 | $1,023.90 | $0.902 |
Service Shares | $1,000 | $1,023.60 | $1.203 |
Cash II Shares | $1,000 | $1,023.55 | $1.254 |
Cash Series Shares | $1,000 | $1,023.55 | $1.255 |
Capital Shares | $1,000 | $1,023.80 | $1.006 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Wealth Shares | 0.18% |
Service Shares | 0.24% |
Cash II Shares | 0.25% |
Cash Series Shares | 0.25% |
Capital Shares | 0.20% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Wealth Shares current Fee Limit of 0.28% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.39 and $1.41, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Service Shares current Fee Limit of 0.53% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.63 and $2.66, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash II Shares current Fee Limit of 0.68% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $3.37 and $3.41, respectively. |
5 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash Series Shares current Fee Limit of 1.03% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $5.11 and $5.17, respectively. |
6 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Capital Shares current Fee Limit of 0.38% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.88 and $1.91, respectively. |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N351
CUSIP 60934N179
CUSIP 608919403
CUSIP 608919502
Share Class | Ticker | Wealth | CAIXX |
Federated Hermes California Municipal Cash Trust
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Variable Rate Demand Instruments | 69.3% |
Commercial Paper | 27.9% |
Municipal Notes | 2.7% |
Other Assets and Liabilities—Net2 | 0.1% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for a description of these investments. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 55.1% |
8-30 Days | 4.2% |
31-90 Days | 27.3% |
91-180 Days | 10.7% |
181 Days or more | 2.6% |
Other Assets and Liabilities—Net2 | 0.1% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— 99.9% | ||
California— 99.9% | |||
$ 2,440,000 | Alameda County, CA IDA (Santini Foods, Inc.), (Series 2010A) Weekly VRDNs, (Comerica Bank LOC), 0.530%, 5/5/2022 | $ 2,440,000 | |
165,000 | Alameda County, CA IDA Recovery Zone Facility (Dale Hardware, Inc.), (Series 2010) Weekly VRDNs, (Comerica Bank LOC), 0.530%, 5/5/2022 | 165,000 | |
9,960,000 | Alvord, CA USD, Tender Option Bond Trust Certificates (2016-XG0089) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.520%, 5/5/2022 | 9,960,000 | |
3,365,000 | Banning, CA USD, Tender Option Bond Trust Certificates (Series 2017-XF2440) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.520%, 5/5/2022 | 3,365,000 | |
4,000,000 | Beaumont, CA Public Improvement Authority, Tender Option Bond Trust Certificates (Series 2018-ZF2715) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.520%, 5/5/2022 | 4,000,000 | |
3,320,000 | Calexico, CA USD, Tender Option Bond Trust Certificates (2017-XG0118) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.520%, 5/5/2022 | 3,320,000 | |
17,500,000 | California Educational Facilities Authority (Stanford University), (Series S-1), CP, 1.470%, Mandatory Tender 12/6/2022 | 17,500,000 | |
1,200,000 | California Educational Facilities Authority (Stanford University), (Series S-4), CP, 1.470%, Mandatory Tender 12/6/2022 | 1,200,000 | |
645,000 | California Enterprise Development Authority (Humane Society Silicon Valley), (Series 2008) Weekly VRDNs, (FHLB of San Francisco LOC), 0.460%, 5/5/2022 | 645,000 | |
52,245,000 | California Health Facilities Financing Authority (Dignity Health (Catholic Healthcare West)), Golden Blue (Series 2017-004) VRENs, (Barclays Bank PLC LIQ)/(Barclays Bank PLC LOC), 0.560%, 5/5/2022 | 52,245,000 | |
15,000,000 | California Health Facilities Financing Authority (Kaiser Permanente), (Series 2006D), CP, 0.930%, Mandatory Tender 9/8/2022 | 15,000,000 | |
13,000,000 | California Health Facilities Financing Authority (Kaiser Permanente), (Series 2006E), CP, 0.170%, Mandatory Tender 6/8/2022 | 13,000,000 | |
4,705,000 | California Health Facilities Financing Authority (Kaiser Permanente), (Series 2006E), CP, 0.520%, Mandatory Tender 6/15/2022 | 4,705,000 | |
5,000,000 | California Health Facilities Financing Authority (Kaiser Permanente), RBC Muni Products (Series G-44) TOBs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.590%, Optional Tender 5/2/2022 | 5,000,000 | |
1,932,000 | California Health Facilities Financing Authority (Stanford Health Care), (2008 Series B-2) TOBs, 0.470%, Mandatory Tender 5/11/2022 | 1,932,000 | |
11,890,000 | California Health Facilities Financing Authority (Sutter Health), Tender Option Bond Trust Receipts (Series 2018-XF0622) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.490%, 5/5/2022 | 11,890,000 | |
4,260,000 | California HFA Multi-Family (Hope on Broadway LP), Tender Option Bond Trust Receipts (2021-XF2928) Weekly VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.640%, 5/5/2022 | 4,260,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 8,575,000 | California Infrastructure & Economic Development Bank (St. Margaret of Scotland Episcopal School), (Series 2008) Monthly VRDNs, (FHLB of San Francisco LOC), 0.750%, 5/1/2022 | $ 8,575,000 | |
17,585,000 | California Municipal Finance Authority (CHF-Davis II LLC), Tender Option Bond Trust Receipts (Series 2021-XL0173) Weekly VRDNs, (Build America Mutual Assurance INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.530%, 5/5/2022 | 17,585,000 | |
18,830,000 | California Municipal Finance Authority (Montague Parkway Associates LP), Tender Option Bond Trust Floater Certificates (2020-MIZ9041) Weekly VRDNs, (GTD by FHLMC)/(Mizuho Bank Ltd. LIQ), 0.530%, 5/5/2022 | 18,830,000 | |
1,740,000 | California PCFA (Big Bear Disposal, Inc.), (Series 2010) Weekly VRDNs, (MUFG Union Bank, N.A. LOC), 0.530%, 5/4/2022 | 1,740,000 | |
7,520,000 | California State Department of Water Resources, (Series 1), CP, 0.600%, Mandatory Tender 5/17/2022 | 7,520,000 | |
2,500,000 | California State University Institute, (Series A), CP, (State Street Bank and Trust Co. LOC)/(Wells Fargo Bank, N.A. LOC), 0.550%, Mandatory Tender 6/2/2022 | 2,500,000 | |
5,000,000 | California State, (Series 2011A-2), CP, (Royal Bank of Canada LOC), 0.500%, Mandatory Tender 5/11/2022 | 5,000,000 | |
1,360,000 | California State, Tender Option Bond Trust Receipts (Series 2020-XF0935) Weekly VRDNs, (Bank of America N.A. LIQ), 0.470%, 5/5/2022 | 1,360,000 | |
2,980,000 | California Statewide Communities Development Authority (Essex Monarch La Brea Apartments LP), Tender Option Bond Trust Floater Certificates (Series 2019-MIZ9012) VRENs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.690%, 5/5/2022 | 2,980,000 | |
20,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2004E), CP, 0.850%, Mandatory Tender 8/11/2022 | 20,000,000 | |
9,435,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2004K), CP, 0.800%, Mandatory Tender 7/14/2022 | 9,435,000 | |
5,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2008B), CP, 0.400%, Mandatory Tender 5/5/2022 | 5,000,000 | |
25,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2009B-1), CP, 0.830%, Mandatory Tender 8/4/2022 | 25,000,000 | |
12,500,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2009B-4), CP, 0.140%, Mandatory Tender 5/3/2022 | 12,500,000 | |
10,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2009D), CP, 0.170%, Mandatory Tender 6/9/2022 | 10,000,000 | |
5,600,000 | California Statewide Communities Development Authority MFH (Beaumont CA Leased Housing Associates I, LP), (2010 Series B: Mountain View Apartments) Weekly VRDNs, (FHLMC LOC), 0.520%, 5/5/2022 | 5,600,000 | |
31,000,000 | California Statewide Communities Development Authority MFH (Uptown Newport Building Owner, LP), (2017 Series AA: One Uptown Newport Apartments) Weekly VRDNs, (Comerica Bank LOC), 0.490%, 5/5/2022 | 31,000,000 | |
3,040,000 | Central, CA USD, Tender Option Bond Trust Receipts (Series 2019-XF0758) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.480%, 5/5/2022 | 3,040,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 3,600,000 | Central, CA Union High School District, Tender Option Bond Trust Receipts (Series 2019-XF0759) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.480%, 5/5/2022 | $ 3,600,000 | |
2,000,000 | Chino Valley, CA USD, Tender Option Bond Trust Receipts (Series 2020-XF0922) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 2,000,000 | |
8,590,000 | College of the Sequoias, CA CCD (Tulare Area Improvement District No. 3), Tender Option Bond Trust Certificates (Series 2021-XF2937) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.490%, 5/5/2022 | 8,590,000 | |
8,000,000 | Compton, CA USD, Tender Option Bond Trust Receipts (2019-XM0764) Weekly VRDNs, (Build America Mutual Assurance INS)/(Royal Bank of Canada LIQ), 0.490%, 5/5/2022 | 8,000,000 | |
4,655,000 | Davis Joint USD, CA, Tender Option Bond Trust Certificates (Series 2019-XM0730) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Barclays Bank PLC LIQ), 0.520%, 5/5/2022 | 4,655,000 | |
3,730,000 | Downey, CA USD, Tender Option Bond Trust Receipts (Series 2021-XF1224) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.470%, 5/5/2022 | 3,730,000 | |
2,105,000 | Elk Grove, CA USD, Tender Option Bond Trust Receipts (Series 2017-XG0127) Weekly VRDNs, (Bank of America N.A. LIQ), 0.480%, 5/5/2022 | 2,105,000 | |
2,000,000 | Escondido, CA, RBC Muni Products (Series G-77) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.470%, 5/5/2022 | 2,000,000 | |
13,710,000 | Folsom Cordova, CA USD (School Facilities Improvement District No. 3), Tender Option Bond Trust Certificates (Series 2019-XM0744) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.490%, 5/5/2022 | 13,710,000 | |
8,875,000 | Foothill/Eastern Transportation Corridor Agency, CA, Tender Option Bond Trust Certificates (2019-XL011) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Barclays Bank PLC LIQ), 0.520%, 5/5/2022 | 8,875,000 | |
2,000,000 | Grossmont-Cuyamaca, CA CCD, Tender Option Bond Trust Receipts (Series 2018-XG0188) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.470%, 5/5/2022 | 2,000,000 | |
460,000 | Hollister, CA Redevelopment Agency (San Benito County Community Services Development Corp.), (Series 2004) Weekly VRDNs, (MUFG Union Bank, N.A. LOC), 0.480%, 5/5/2022 | 460,000 | |
6,387,000 | Irvine, CA Assessment District No. 93-14 Daily VRDNs, (Sumitomo Mitsui Banking Corp. LOC), 0.290%, 5/2/2022 | 6,387,000 | |
1,875,000 | Long Beach, CA Harbor Department (Port of Long Beach), Tender Option Bond Trust Receipts (Series 2020-XM0865) Weekly VRDNs, (Bank of America N.A. LIQ), 0.470%, 5/5/2022 | 1,875,000 | |
3,000,000 | Los Angeles County, CA Capital Asset Leasing Corporation, (Series C), CP, (Wells Fargo Bank, N.A. LOC), 0.800%, Mandatory Tender 6/15/2022 | 3,000,000 | |
2,250,000 | Los Angeles County, CA Facilities, Inc. (Los Angeles County, CA), Tender Option Bond Trust Receipts (2019-XM0750) Weekly VRDNs, (Bank of America N.A. LIQ), 0.480%, 5/5/2022 | 2,250,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$34,770,000 | Los Angeles County, CA Housing Authority MFH (The Solemint Heights Partnership), Tender Option Bond Trust Floater Certificates (Series 2020-MIZ9039) Weekly VRDNs, (GTD by FHLMC)/(Mizuho Bank Ltd. LIQ), 0.530%, 5/5/2022 | $ 34,770,000 | |
5,000,000 | Los Angeles County, CA TRANs, 4.000%, 6/30/2022 | 5,029,856 | |
6,025,000 | Los Angeles County, CA, Tender Option Bond Trust Receipts (Series 2015-ZF0183) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 6,025,000 | |
3,000,000 | Los Angeles, CA Department of Water & Power (Water Works/System), Tender Option Bond Trust Receipts (Series 2017-XG0121) Weekly VRDNs, (Bank of America N.A. LIQ), 0.470%, 5/5/2022 | 3,000,000 | |
740,000 | Los Angeles, CA MFH Revenue Bonds (Hope on Broadway LP), Tender Option Bond Trust Receipts (Series 2021-XF2929) Weekly VRDNs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.640%, 5/5/2022 | 740,000 | |
5,000,000 | Los Angeles, CA TRANs, 4.000%, 6/23/2022 | 5,028,126 | |
2,885,000 | Los Angeles, CA USD, Tender Option Bond Trust Receipts (Series 2018-XM0703) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 2,885,000 | |
4,985,000 | Lucia Mar, CA USD, Tender Option Bond Trust Receipts (Series 2018-XG0181) Weekly VRDNs, (Bank of America N.A. LIQ), 0.480%, 5/5/2022 | 4,985,000 | |
3,000,000 | Mountain House, CA Financing Authority (Mountain House, CA Community Services District), Tender Option Bond Trust Receipts (Series 2020-ZF2921) Weekly VRDNs, (Build America Mutual Assurance INS)/(Morgan Stanley Bank, N.A. LIQ), 0.520%, 5/5/2022 | 3,000,000 | |
1,000,000 | Municipal Improvement Corporation of Los Angeles, CA, (Series A-2), CP, (Bank of America N.A. LOC), 0.680%, Mandatory Tender 5/10/2022 | 1,000,000 | |
10,250,000 | Municipal Improvement Corporation of Los Angeles, CA, (Series A-3), CP, (U.S. Bank, N.A. LOC), 0.750%, Mandatory Tender 5/24/2022 | 10,250,000 | |
4,845,000 | New Haven, CA USD, Tender Option Bond Trust Receipts (Series 2020-XF0893) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.470%, 5/5/2022 | 4,845,000 | |
7,435,000 | Norwalk-La Mirada, CA USD, Tender Option Bond Trust Certificates (Series 2021-XL0171) Weekly VRDNs, (Wells Fargo Bank, N.A. LIQ), 0.470%, 5/5/2022 | 7,435,000 | |
2,490,000 | Norwalk-La Mirada, CA USD, Tender Option Bond Trust Receipts (Series 2020-XM0810) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.470%, 5/5/2022 | 2,490,000 | |
12,700,000 | Nuveen California AMT-Free Quality Municipal Income Fund, (Series 3) Weekly VRDPs, (Toronto Dominion Bank LIQ), 0.480%, 5/5/2022 | 12,700,000 | |
2,505,000 | Oxnard, CA School District, (Series 2018 G-8) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.470%, 5/5/2022 | 2,505,000 | |
1,190,000 | Pittsburg, CA USD, Tender Option Bond Trust Receipts (Series 2017-XF0578) Weekly VRDNs, (TD Bank, N.A. LIQ), 0.490%, 5/5/2022 | 1,190,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 550,000 | Pomona, CA USD, Tender Option Bond Trust Certificates (2021-XG0337) Weekly VRDNs, (Build America Mutual Assurance INS)/(Wells Fargo Bank, N.A. LIQ), 0.480%, 5/5/2022 | $ 550,000 | |
17,000,000 | River Islands, CA Public Financing Authority, Tender Option Bond Trust Floater Certificates (2019-MIZ9003) VRENs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.690%, 5/5/2022 | 17,000,000 | |
12,570,000 | Riverside County, CA Public Financing Authority (Riverside County, CA), Tender Option Bond Trust Receipt (2017-ZF0538) Weekly VRDNs, (Royal Bank of Canada LIQ), 0.540%, 5/5/2022 | 12,570,000 | |
3,000,000 | Sacramento, CA Area Flood Control Agency Consolidated Capital Assessment District No. 2, RBC Muni Products (Series G-118) TOBs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.590%, Optional Tender 10/3/2022 | 3,000,000 | |
6,000,000 | Sacramento, CA Municipal Utility District, Tender Option Bond Trust Receipts (Series 2020-ZF0943) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.470%, 5/5/2022 | 6,000,000 | |
2,125,000 | San Bernardino, CA CCD, Tender Option Bond Trust Receipts (Series 2019-XF0786) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 2,125,000 | |
10,000,000 | San Diego County, CA Water Authority, CP Notes (Series 10), CP, 0.580%, Mandatory Tender 6/1/2022 | 10,000,000 | |
3,000,000 | San Diego, CA USD, RBC Muni Products (Series 2018-G51) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.470%, 5/5/2022 | 3,000,000 | |
1,185,000 | San Diego, CA USD, Tender Option Bond Trust Certificates (Series 2021-XL0175) Weekly VRDNs, (Wells Fargo Bank, N.A. LIQ), 0.470%, 5/5/2022 | 1,185,000 | |
5,027,000 | San Diego, CA Water Utility Fund, (Series A), CP, (Bank of America N.A. LOC), 0.180%, Mandatory Tender 5/16/2022 | 5,027,000 | |
8,318,000 | San Diego, CA Water Utility Fund, (Series A), CP, (Bank of America N.A. LOC), 0.680%, Mandatory Tender 7/6/2022 | 8,318,000 | |
2,000,000 | San Diego, CA Water Utility Fund, (Series A), CP, (Bank of America N.A. LOC), 0.710%, Mandatory Tender 6/9/2022 | 2,000,000 | |
25,000,000 | San Francisco, CA City and County (Transbay Block 8 Tower Apartments Obligated Group), Mizuho 3a-7 (2021-MIZ9063) VRENs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.690%, 5/5/2022 | 25,000,000 | |
3,330,000 | San Francisco, CA Public Utilities Commission (Water Enterprise), Tender Option Bond Trust Receipts (Series 2018-XF0607) Weekly VRDNs, (TD Bank, N.A. LIQ), 0.470%, 5/5/2022 | 3,330,000 | |
2,230,000 | San Mateo County, CA CCD, Tender Option Bond Trust Certificates (Series 2018-XM0712) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.470%, 5/5/2022 | 2,230,000 | |
479,000 | Santa Barbara, CA USD, Tender Option Bond Trust Receipts (Series 2019-XF0791) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 479,000 | |
15,000,000 | Santa Clara Valley, CA Water District, (Series A), CP, (MUFG Bank Ltd. LOC), 1.050%, Mandatory Tender 8/2/2022 | 15,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 3,000,000 | Sonoma County, CA Junior College District, (Series 2018 G-6) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.470%, 5/5/2022 | $ 3,000,000 | |
4,000,000 | South Coast, CA Water District, Tender Option Bond Trust Certificates (Series 2020-XL0151) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.470%, 5/5/2022 | 4,000,000 | |
2,410,000 | Southwestern CCD, CA, Tender Option Bond Trust Receipts (Series 2015-ZF0250) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 2,410,000 | |
4,750,000 | Sweetwater, CA Union High School District, RBC Muni Products, Inc. Trust (Series G-95) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.470%, 5/5/2022 | 4,750,000 | |
8,490,000 | Twin Rivers, CA USD, Tender Option Bond Trust Certificates (Series 2017-XF2442) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.520%, 5/5/2022 | 8,490,000 | |
3,650,000 | University of California (The Regents of), (2013 Series AL-4) Daily VRDNs, 0.260%, 5/2/2022 | 3,650,000 | |
2,675,000 | University of California (The Regents of), Tender Option Bond Trust Receipts (2016-XF0524) Weekly VRDNs, (TD Bank, N.A. LIQ), 0.470%, 5/5/2022 | 2,675,000 | |
1,500,000 | University of California (The Regents of), Tender Option Bond Trust Receipts (Series 2018-ZM0660) Weekly VRDNs, (Bank of America N.A. LIQ), 0.470%, 5/5/2022 | 1,500,000 | |
2,220,000 | University of California (The Regents of), Tender Option Bond Trust Receipts (Series 2020-XF0921) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.470%, 5/5/2022 | 2,220,000 | |
19,480,000 | Victor Valley, CA CCD, Tender Option Bond Trust Receipts (Series 2020-XM0864) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.490%, 5/5/2022 | 19,480,000 | |
45,000 | Victorville, CA Joint Powers Financing Authority (Victorville, CA), (Series 2007A: Cogeneration Facility) Weekly VRDNs, (BNP Paribas SA LOC), 0.470%, 5/5/2022 | 45,000 | |
13,585,000 | Western Placer, CA USD, Tender Option Bond Trust Receipts (Series 2017-XG0152) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Barclays Bank PLC LIQ), 0.520%, 5/5/2022 | 13,585,000 | |
19,875,000 | Whittier, CA Health Facility Revenue Bonds (Presbyterian Intercommunity Hospital Obligated Group), Golden Blue 3a-7 (Series 2018-030) VRENs, (Barclays Bank PLC LIQ)/(Barclays Bank PLC LOC), 0.560%, 5/5/2022 | 19,875,000 | |
5,357,000 | Yosemite, CA CCD, Tender Option Bond Trust Receipts (Series 2019-XF0772) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 5,357,000 | |
TOTAL INVESTMENT IN SECURITIES—99.9% (AT AMORTIZED COST)2 | 727,257,982 | ||
OTHER ASSETS AND LIABILITIES - NET—0.1%3 | 808,432 | ||
TOTAL NET ASSETS—100% | $728,066,414 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Also represents cost for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
CCD | —Community College District | |
CP | —Commercial Paper | |
FHLB | —Federal Home Loan Bank | |
FHLMC | —Federal Home Loan Mortgage Corporation | |
GTD | —Guaranteed | |
HFA | —Housing Finance Authority | |
IDA | —Industrial Development Authority | |
INS | —Insured | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
MFH | —Multi-Family Housing | |
PCFA | —Pollution Control Finance Authority | |
TOBs | —Tender Option Bonds | |
TRANs | —Tax and Revenue Anticipation Notes | |
USD | —United States Dollar | |
VRDNs | —Variable Rate Demand Notes | |
VRDPs | —Variable Rate Demand Preferreds | |
VRENs | —Variable Rate Extendible Notes |
Six Months Ended (unaudited) 4/30/2022 | Year Ended October 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 | 0.011 | 0.006 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | (0.000)1 | (0.000)1 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.0001 | 0.005 | 0.013 | 0.011 | 0.006 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.005) | (0.013) | (0.011) | (0.006) |
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) | (0.011) | (0.006) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.05% | 0.02% | 0.53% | 1.28% | 1.10% | 0.56% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.18%4 | 0.13% | 0.27% | 0.28% | 0.28% | 0.28% |
Net investment income | 0.07%4 | 0.01% | 0.54% | 1.25% | 1.10% | 0.58% |
Expense waiver/reimbursement5 | 0.25%4 | 0.29% | 0.15% | 0.14% | 0.19% | 0.29% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $323,530 | $333,923 | $584,821 | $678,115 | $372,325 | $156,974 |
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. |
April 30, 2022 (unaudited)
Assets: | |
Investment in securities, at amortized cost and fair value | $727,257,982 |
Cash | 130,177 |
Income receivable | 935,911 |
Receivable for shares sold | 5,078 |
Total Assets | 728,329,148 |
Liabilities: | |
Payable for shares redeemed | 33,216 |
Income distribution payable | 5,558 |
Payable for investment adviser fee (Note 4) | 6,113 |
Payable for administrative fee (Note 4) | 3,123 |
Payable for transfer agent fees (Note 2) | 36,221 |
Payable for legal fees | 16,089 |
Payable for custodian fees | 9,925 |
Payable for portfolio accounting fees | 45,571 |
Payable for distribution services fee (Note 4) | 35,965 |
Payable for other service fees (Notes 2 and 4) | 66,837 |
Accrued expenses (Note 4) | 4,116 |
Total Liabilities | 262,734 |
Net assets for 728,065,418 shares outstanding | $728,066,414 |
Net Assets Consist of: | |
Paid-in capital | $728,065,383 |
Total distributable earnings (loss) | 1,031 |
Total Net Assets | $728,066,414 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Wealth Shares: | |
$323,530,479 ÷ 323,525,687 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$98,056,044 ÷ 98,057,221 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$229,133,447 ÷ 229,134,461 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$27,271,173 ÷ 27,271,323 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Capital Shares: | |
$50,075,271 ÷ 50,076,726 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Six Months Ended April 30, 2022 (unaudited)
Investment Income: | |
Interest | $960,766 |
Expenses: | |
Investment adviser fee (Note 4) | 1,112,235 |
Administrative fee (Note 4) | 291,073 |
Custodian fees | 11,606 |
Transfer agent fees (Note 2) | 190,152 |
Directors’/Trustees’ fees (Note 4) | 2,116 |
Auditing fees | 10,413 |
Legal fees | 1,568 |
Portfolio accounting fees | 88,856 |
Distribution services fee (Note 4) | 322,363 |
Other service fees (Notes 2 and 4) | 492,500 |
Share registration costs | 46,048 |
Printing and postage | 14,558 |
Miscellaneous (Note 4) | 6,228 |
TOTAL EXPENSES | 2,589,716 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 4) | (881,509) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (899,684) |
TOTAL WAIVERS AND REIMBURSEMENTS | (1,781,193) |
Net expenses | 808,523 |
Net investment income | 152,243 |
Net realized loss on investments | (20,674) |
Change in net assets resulting from operations | $131,569 |
Six Months Ended (unaudited) 4/30/2022 | Year Ended 10/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $152,243 | $94,557 |
Net realized gain (loss) | (20,674) | 113,902 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 131,569 | 208,459 |
Distributions to Shareholders: | ||
Wealth Shares | (165,923) | (111,257) |
Service Shares | (23,547) | (29,754) |
Cash II Shares | (46,518) | (56,378) |
Cash Series Shares | (5,757) | (6,659) |
Capital Shares | (23,423) | (24,301) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (265,168) | (228,349) |
Share Transactions: | ||
Proceeds from sale of shares | 400,563,943 | 1,030,866,846 |
Net asset value of shares issued to shareholders in payment of distributions declared | 217,886 | 175,246 |
Cost of shares redeemed | (433,547,260) | (1,427,210,020) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (32,765,431) | (396,167,928) |
Change in net assets | (32,899,030) | (396,187,818) |
Net Assets: | ||
Beginning of period | 760,965,444 | 1,157,153,262 |
End of period | $728,066,414 | $760,965,444 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Wealth Shares | $5,768 | $(2,027) | $— |
Service Shares | 35,591 | (18,870) | (15,455) |
Cash II Shares | 116,334 | (58,938) | (54,546) |
Cash Series Shares | 12,121 | (5,294) | (6,485) |
Capital Shares | 20,338 | (15,829) | (3,794) |
TOTAL | $190,152 | $(100,958) | $(80,280) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $131,497 | $(486) | $(99,793) |
Cash II Shares | 295,763 | (47) | (263,252) |
Cash Series Shares | 35,501 | — | (35,501) |
Capital Shares | 29,739 | (87) | (22,653) |
TOTAL | $492,500 | $(620) | $(421,199) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Wealth Shares: | Shares | Amount | Shares | Amount |
Shares sold | 164,978,863 | $164,978,863 | 292,821,927 | $292,821,927 |
Shares issued to shareholders in payment of distributions declared | 123,512 | 123,512 | 63,937 | 63,937 |
Shares redeemed | (175,440,369) | (175,440,369) | (543,765,669) | (543,765,669) |
NET CHANGE RESULTING FROM WEALTH SHARE TRANSACTIONS | (10,337,994) | $(10,337,994) | (250,879,805) | $(250,879,805) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 110,090,388 | $110,090,388 | 162,153,743 | $162,153,743 |
Shares issued to shareholders in payment of distributions declared | 18,745 | 18,745 | 24,371 | 24,371 |
Shares redeemed | (119,006,251) | (119,006,251) | (204,967,112) | (204,967,112) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (8,897,118) | $(8,897,118) | (42,788,998) | $(42,788,998) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 77,903,970 | $77,903,970 | 368,018,766 | $368,018,766 |
Shares issued to shareholders in payment of distributions declared | 46,518 | 46,518 | 56,376 | 56,376 |
Shares redeemed | (83,886,127) | (83,886,127) | (395,567,211) | (395,567,211) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | (5,935,639) | $(5,935,639) | (27,492,069) | $(27,492,069) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 17,060,693 | $17,060,693 | 77,147,133 | $77,147,133 |
Shares issued to shareholders in payment of distributions declared | 5,746 | 5,746 | 6,449 | 6,449 |
Shares redeemed | (17,532,276) | (17,532,276) | (82,969,632) | (82,969,632) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | (465,837) | $(465,837) | (5,816,050) | $(5,816,050) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 30,530,029 | $30,530,029 | 130,725,277 | $130,725,277 |
Shares issued to shareholders in payment of distributions declared | 23,365 | 23,365 | 24,113 | 24,113 |
Shares redeemed | (37,682,237) | (37,682,237) | (199,940,396) | (199,940,396) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (7,128,843) | $(7,128,843) | (69,191,006) | $(69,191,006) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (32,765,431) | $(32,765,431) | (396,167,928) | $(396,167,928) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Cash II Shares | 0.20% |
Cash Series Shares | 0.60% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Cash II Shares | $237,122 | $(190,767) |
Cash Series Shares | 85,241 | (75,883) |
TOTAL | $322,363 | $(266,650) |
Beginning Account Value 11/1/2021 | Ending Account Value 4/30/2022 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,000.50 | $0.892 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,023.90 | $0.902 |
1 | Expenses are equal to the Fund’s Wealth Shares annualized net expense ratio of 0.18%, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half-year period). |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Wealth Shares current Fee Limit of 0.28% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.39 and $1.41, respectively. |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
Share Class | Ticker | Institutional | FFTXX | Premier | FTFXX |
Federated Hermes Institutional Tax-Free Cash Trust
A Portfolio of Federated Hermes Money Market Obligations Trust
The Share Price will fluctuate. It is possible to lose money by investing in the Fund.
Security Type | Percentage of Total Net Assets |
Variable Rate Demand Instruments | 98.5% |
Commercial Paper | 1.2% |
Other Assets and Liabilities—Net2 | 0.3% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for a description of these investments. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 99.7% |
8-30 Days | 0.0% |
31-90 Days | 0.0% |
91-180 Days | 0.0% |
181 Days or more | 0.0% |
Other Assets and Liabilities—Net2 | 0.3% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— 99.7% | ||
Alabama— 4.0% | |||
$ 4,700,000 | Alabama HFA MFH (Double Lake Ventures LLC), (2000 Series A:Turtle Lake) Weekly VRDNs, (FNMA LOC), 0.520%, 5/5/2022 | $ 4,700,000 | |
28,000,000 | Mobile County, AL IDA Gulf Opportunity Zone (SSAB Alabama, Inc.), (Series 2011) Weekly VRDNs, (Nordea Bank Abp LOC), 0.500%, 5/5/2022 | 28,000,000 | |
4,880,000 | Mobile, AL IDB (HighProv, LLC), (Series 2006) Weekly VRDNs, (FHLB of Dallas LOC), 0.510%, 5/5/2022 | 4,880,000 | |
12,285,000 | Tuscaloosa County, AL Port Authority (Tuscaloosa Riverfront Development, LLC), (Series 2007: Gulf Opportunity Zone Bonds) Weekly VRDNs, (FHLB of Atlanta LOC), 0.490%, 5/5/2022 | 12,285,000 | |
TOTAL | 49,865,000 | ||
Alaska— 0.7% | |||
9,080,000 | Valdez, AK Marine Terminal (Exxon Pipeline Co.), (Series 1993 A) Daily VRDNs, (GTD by Exxon Mobil Corp.), 0.330%, 5/2/2022 | 9,080,000 | |
Arizona— 1.9% | |||
4,000,000 | Maricopa County, AZ, IDA Solid Waste Disposal (DC Paloma 2 LLC), (Series 2009) Weekly VRDNs, (CoBank, ACB LOC), 0.490%, 5/5/2022 | 4,000,000 | |
20,000,000 | Yavapai County, AZ IDA - Recovery Zone Facility (Skanon Investments, Inc.), (Series 2010: Drake Cement Project) Weekly VRDNs, (Bank of Nova Scotia, Toronto LOC), 0.480%, 5/5/2022 | 20,000,000 | |
TOTAL | 24,000,000 | ||
California— 3.9% | |||
4,120,000 | California Infrastructure & Economic Development Bank (Los Angeles Society for the Prevention of Cruelty to Animals), (Series 2002A) Weekly VRDNs, (Bank of New York Mellon, N.A. LOC), 0.460%, 5/5/2022 | 4,120,000 | |
15,520,000 | California Statewide Communities Development Authority MFH (Uptown Newport Building Owner, LP), (2017 Series BB: One Uptown Newport Apartments) Weekly VRDNs, (FHLB of Des Moines LOC), 0.480%, 5/5/2022 | 15,520,000 | |
5,130,000 | Hillsborough, CA Water and Sewer Systems, (Series 2006A) Weekly VRDNs, (Bank of the West, San Francisco, CA LIQ), 0.350%, 5/5/2022 | 5,130,000 | |
3,450,000 | San Diego County, CA (Museum of Contemporary Art San Diego), (Series 2004) Weekly VRDNs, (Northern Trust Co., Chicago, IL LOC), 0.460%, 5/5/2022 | 3,450,000 | |
20,305,000 | Victorville, CA Joint Powers Financing Authority (Victorville, CA), (Series 2007A: Cogeneration Facility) Weekly VRDNs, (BNP Paribas SA LOC), 0.470%, 5/5/2022 | 20,305,000 | |
TOTAL | 48,525,000 | ||
Connecticut— 1.5% | |||
8,075,000 | Connecticut Health and Educational Facilities Authority (Yale-New Haven Hospital), (Series 2013O) Weekly VRDNs, 0.460%, 5/4/2022 | 8,075,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Connecticut— continued | |||
$10,930,000 | Connecticut State Health & Educational Facilities (Yale-New Haven Hospital), (Series 2008C) Weekly VRDNs, 0.460%, 5/4/2022 | $ 10,930,000 | |
TOTAL | 19,005,000 | ||
Florida— 11.5% | |||
3,310,000 | Coconut Creek, FL (Junior Achievement of South Florida, Inc.), (Series 2007) Weekly VRDNs, (TD Bank, N.A. LOC), 0.500%, 5/5/2022 | 3,310,000 | |
16,100,000 | Escambia County, FL Solid Waste Disposal (Gulf Power Co.) Daily VRDNs, 0.360%, 5/2/2022 | 16,100,000 | |
11,200,000 | Escambia County, FL Solid Waste Disposal (Gulf Power Co.), (First Series 2009) Daily VRDNs, 0.390%, 5/2/2022 | 11,200,000 | |
10,000,000 | Florida HFA (Woodlands Apartments), (Series 1985-SS) Weekly VRDNs, (Northern Trust Co., Chicago, IL LOC), 0.510%, 5/4/2022 | 10,000,000 | |
23,970,000 | Gainesville, FL Utilities Systems, (2012 Series B) Daily VRDNs, (Barclays Bank PLC LIQ), 0.320%, 5/2/2022 | 23,970,000 | |
4,400,000 | Hillsborough County, FL IDA (Baycare Health System), (Series 2020B) Daily VRDNs, (TD Bank, N.A. LOC), 0.320%, 5/2/2022 | 4,400,000 | |
14,770,000 | Jacksonville, FL EDC (JEA, FL Electric System), (Series 2000-A), CP, (U.S. Bank, N.A. LIQ), 0.500%, Mandatory Tender 5/4/2022 | 14,770,000 | |
22,190,000 | Jacksonville, FL PCR (Florida Power & Light Co.), (Series 1995) Daily VRDNs, 0.390%, 5/2/2022 | 22,190,000 | |
25,000,000 | JEA, FL Electric System, (Series Three 2008C-1: Senior Revenue Bonds) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.430%, 5/5/2022 | 25,000,000 | |
3,595,000 | JEA, FL Water & Sewer System, (2008 Series A-2: Subordinate Revenue Bonds) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.450%, 5/5/2022 | 3,595,000 | |
4,050,000 | JEA, FL Water & Sewer System, (2008 Series B: Senior Revenue Bonds) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.430%, 5/4/2022 | 4,050,000 | |
2,300,000 | Martin County, FL PCRB (Florida Power & Light Co.), (Series 2000) Daily VRDNs, 0.400%, 5/2/2022 | 2,300,000 | |
2,200,000 | West Palm Beach, FL, Utility System Variable Rate Revenue Bonds (Series 2008C) Weekly VRDNs, (Assured Guaranty Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.480%, 5/4/2022 | 2,200,000 | |
TOTAL | 143,085,000 | ||
Georgia— 0.3% | |||
3,000,000 | Monroe County, GA Development Authority Pollution Control (Gulf Power Co.), (1st Series Remarketing 2019) Daily VRDNs, 0.390%, 5/2/2022 | 3,000,000 | |
Illinois— 1.3% | |||
3,500,000 | Illinois Development Finance Authority (North Shore Senior Center), (Series 1999) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LOC), 0.490%, 5/4/2022 | 3,500,000 | |
8,000,000 | Illinois Finance Authority (University of Chicago Medical Center), (Series 2010A) Daily VRDNs, (Bank of America N.A. LOC), 0.320%, 5/2/2022 | 8,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Illinois— continued | |||
$ 4,495,000 | Southwestern Illinois Development Authority (Molinero, Inc.), (Series 2010) Weekly VRDNs, (BMO Harris Bank, N.A. LOC), 0.450%, 5/5/2022 | $ 4,495,000 | |
TOTAL | 15,995,000 | ||
Indiana— 1.0% | |||
4,990,000 | Indiana Municipal Power Agency, (Series 2019 B) Daily VRDNs, (U.S. Bank, N.A. LOC), 0.360%, 5/2/2022 | 4,990,000 | |
7,865,000 | Valparaiso, IN EDRB (Pines Village Retirement Community, Inc.), (Series 2008) Weekly VRDNs, (Wells Fargo Bank, N.A. LOC), 0.550%, 5/5/2022 | 7,865,000 | |
TOTAL | 12,855,000 | ||
Iowa— 5.8% | |||
11,810,000 | Iowa Finance Authority - Health Facilities (UnityPoint Health), (Series 2013B-1) Daily VRDNs, (TD Bank, N.A. LOC), 0.320%, 5/2/2022 | 11,810,000 | |
1,900,000 | Iowa Finance Authority - Health Facilities (UnityPoint Health), (Series 2013B-2) Daily VRDNs, (TD Bank, N.A. LOC), 0.320%, 5/2/2022 | 1,900,000 | |
3,600,000 | Iowa Finance Authority (Cargill, Inc.), Midwestern Disaster Area EDRBs (Series 2009A) Weekly VRDNs, 0.490%, 5/5/2022 | 3,600,000 | |
12,500,000 | Iowa Finance Authority (Cargill, Inc.), Midwestern Disaster Area EDRBs (Series 2011A) Weekly VRDNs, 0.490%, 5/5/2022 | 12,500,000 | |
41,500,000 | Iowa Finance Authority (HF Chlor-Alkali, LLC), (Series 2012) Weekly VRDNs, (GTD by Cargill, Inc.), 0.490%, 5/5/2022 | 41,500,000 | |
TOTAL | 71,310,000 | ||
Kentucky— 1.6% | |||
19,635,000 | Boyle County, KY (Centre College, KY), (Series 2008A) Weekly VRDNs, (PNC Bank, N.A. LOC), 0.440%, 5/5/2022 | 19,635,000 | |
Louisiana— 9.6% | |||
43,000,000 | Baton Rouge, LA Industrial Development Board (Exxon Mobil Corp.), (Series 2010A) Daily VRDNs, (GTD by Exxon Mobil Corp.), 0.320%, 5/2/2022 | 43,000,000 | |
1,150,000 | Hammond Area Economic & Industrial Development District, LA (AGEM Management Services LLC) Weekly VRDNs, (FHLB of Dallas LOC), 0.550%, 5/5/2022 | 1,150,000 | |
12,000,000 | Louisiana Local Government Environmental Facilities CDA (Isidore Newman School), (Series 2002) Weekly VRDNs, (FHLB of Dallas LOC), 0.530%, 5/4/2022 | 12,000,000 | |
3,040,000 | Louisiana Local Government Environmental Facilities CDA (The Academy of the Sacred Heart of New Orleans), (Series 2004) Weekly VRDNs, (FHLB of Dallas LOC), 0.530%, 5/4/2022 | 3,040,000 | |
3,350,000 | Louisiana Local Government Environmental Facilities CDA (The Christ Episcopal Church in Covington), (Series 2004) Weekly VRDNs, (FHLB of Dallas LOC), 0.530%, 5/4/2022 | 3,350,000 | |
400,000 | Louisiana Public Facilities Authority (Air Products & Chemicals, Inc.), (Series 2007) Daily VRDNs, 0.300%, 5/2/2022 | 400,000 | |
27,000,000 | Louisiana Public Facilities Authority (Air Products & Chemicals, Inc.), (Series 2008A) Daily VRDNs, 0.310%, 5/2/2022 | 27,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Louisiana— continued | |||
$25,000,000 | Louisiana Public Facilities Authority (Air Products & Chemicals, Inc.), (Series 2008C) Daily VRDNs, 0.300%, 5/2/2022 | $ 25,000,000 | |
4,310,000 | St. Tammany Parish Development District, LA (Main Street Holdings of St. Tammany, LLC), (Series 2006A) Weekly VRDNs, (FHLB of Dallas LOC), 0.510%, 5/5/2022 | 4,310,000 | |
TOTAL | 119,250,000 | ||
Michigan— 3.2% | |||
16,200,000 | Michigan Strategic Fund (Kroger Co.), (Series 2010) Weekly VRDNs, (Bank of Nova Scotia, Toronto LOC), 0.480%, 5/5/2022 | 16,200,000 | |
12,060,000 | St. Joseph, MI Hospital Finance Authority (Lakeland Hospitals at Niles & St. Joseph Obligated Group), (Series 2002) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.450%, 5/5/2022 | 12,060,000 | |
11,535,000 | St. Joseph, MI Hospital Finance Authority (Lakeland Hospitals at Niles & St. Joseph Obligated Group), (Series 2006) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.450%, 5/5/2022 | 11,535,000 | |
TOTAL | 39,795,000 | ||
Minnesota— 0.6% | |||
7,500,000 | Moorhead, MN (American Crystal Sugar Co.), Series 2020 Weekly VRDNs, (CoBank, ACB LOC), 0.500%, 5/5/2022 | 7,500,000 | |
Mississippi— 3.0% | |||
37,400,000 | Perry County, MS (Leaf River Cellulose LLC), (Series 2021) Weekly VRDNs, (GTD by Georgia-Pacific LLC), 0.490%, 5/5/2022 | 37,400,000 | |
Missouri— 2.5% | |||
30,395,000 | Kansas City, MO, H. Roe Bartle Convention Center (Series 2008E) Weekly VRDNs, (Sumitomo Mitsui Banking Corp. LOC), 0.470%, 5/4/2022 | 30,395,000 | |
Multi-State— 11.3% | |||
24,000,000 | Nuveen AMT-Free Municipal Credit Income Fund, (Series 4) Weekly VRDPs, (Societe Generale, Paris LIQ), 0.500%, 5/5/2022 | 24,000,000 | |
35,600,000 | Nuveen AMT-Free Municipal Credit Income Fund, (Series 5) Weekly VRDPs, (Societe Generale, Paris LIQ), 0.490%, 5/5/2022 | 35,600,000 | |
4,600,000 | Nuveen Enhanced AMT-Free Municipal Credit Opportunities Fund, (Series 2) Weekly VRDPs, (JPMorgan Chase Bank, N.A. LIQ), 0.500%, 5/5/2022 | 4,600,000 | |
9,000,000 | Nuveen Enhanced AMT-Free Quality Municipal Income Fund, (Series 3) Weekly VRDPs, (TD Bank, N.A. LIQ), 0.490%, 5/5/2022 | 9,000,000 | |
47,100,000 | Nuveen Enhanced AMT-Free Quality Municipal Income Fund, (Series 4) Weekly VRDPs, (Barclays Bank PLC LIQ), 0.490%, 5/5/2022 | 47,100,000 | |
20,000,000 | Nuveen Enhanced AMT-Free Quality Municipal Income Fund, VRDP (Series 5-1000) Weekly VRDPs, (Sumitomo Mitsui Banking Corp. LIQ)/(Sumitomo Mitsui Banking Corp. LOC), 0.490%, 5/5/2022 | 20,000,000 | |
TOTAL | 140,300,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Nebraska— 0.1% | |||
$ 1,400,000 | Washington County, NE (Cargill, Inc.), (Series 2010) Weekly VRDNs, 0.490%, 5/5/2022 | $ 1,400,000 | |
New York— 16.8% | |||
8,900,000 | Battery Park, NY City Authority, (Subseries 2019 D-2) Weekly VRDNs, (TD Bank, N.A. LIQ), 0.440%, 5/5/2022 | 8,900,000 | |
8,000,000 | New York City, NY Municipal Water Finance Authority Daily VRDNs, (State Street Bank and Trust Co. LIQ), 0.340%, 5/2/2022 | 8,000,000 | |
3,265,000 | New York City, NY Municipal Water Finance Authority, (2014 Series AA-1) Daily VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.330%, 5/2/2022 | 3,265,000 | |
12,450,000 | New York City, NY Municipal Water Finance Authority, (2014 Series AA-2) Daily VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.330%, 5/2/2022 | 12,450,000 | |
13,850,000 | New York City, NY Municipal Water Finance Authority, (Fiscal 2014 AA-3 Bonds) Daily VRDNs, (TD Bank, N.A. LIQ), 0.320%, 5/2/2022 | 13,850,000 | |
5,200,000 | New York City, NY Municipal Water Finance Authority, (Fiscal 2014 AA-4 Bonds) Daily VRDNs, (State Street Bank and Trust Co. LIQ), 0.330%, 5/2/2022 | 5,200,000 | |
5,850,000 | New York City, NY Municipal Water Finance Authority, (Fiscal 2014 AA-6 Bonds) Daily VRDNs, (Mizuho Bank Ltd. LIQ), 0.330%, 5/2/2022 | 5,850,000 | |
5,325,000 | New York City, NY Transitional Finance Authority, (Fiscal 2015 Subseries E-3) Daily VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.330%, 5/2/2022 | 5,325,000 | |
3,520,000 | New York City, NY Transitional Finance Authority, (Subseries E-4) Daily VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.330%, 5/2/2022 | 3,520,000 | |
11,000,000 | New York City, NY Transitional Finance Authority, Fiscal 2016 Subseries A-4) Daily VRDNs, (Bank of America N.A. LIQ), 0.330%, 5/2/2022 | 11,000,000 | |
1,950,000 | New York City, NY Transitional Finance Authority, Future Tax Secured Subordinate Bonds (Series 2013C-4) Daily VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.330%, 5/2/2022 | 1,950,000 | |
8,900,000 | New York City, NY, (Fiscal 2006 Series I-4) Daily VRDNs, (TD Bank, N.A. LOC), 0.320%, 5/2/2022 | 8,900,000 | |
7,750,000 | New York City, NY, (Fiscal 2018 Series E Subseries E-5) Daily VRDNs, (TD Bank, N.A. LOC), 0.320%, 5/2/2022 | 7,750,000 | |
22,025,000 | New York City, NY, (Subseries A-2) Daily VRDNs, (Mizuho Bank Ltd. LOC), 0.330%, 5/2/2022 | 22,025,000 | |
10,645,000 | New York City, NY, (Subseries D-4) Daily VRDNs, (TD Bank, N.A. LOC), 0.320%, 5/2/2022 | 10,645,000 | |
4,000,000 | New York City, NY, 2015 Series F (Subseries F-5) Daily VRDNs, (Barclays Bank PLC LIQ), 0.350%, 5/2/2022 | 4,000,000 | |
1,750,000 | New York State HFA (10 Barclay Street Housing LLC), (Series A) Weekly VRDNs, (FNMA LOC), 0.400%, 5/4/2022 | 1,750,000 | |
40,000,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 1) Weekly VRDPs, (Societe Generale, Paris LIQ), 0.490%, 5/5/2022 | 40,000,000 | |
10,000,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 2) Weekly VRDPs, (Royal Bank of Canada LIQ), 0.490%, 5/5/2022 | 10,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$ 8,700,000 | Triborough Bridge & Tunnel Authority, NY, (Series B-2A) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 0.600%, 5/4/2022 | $ 8,700,000 | |
16,000,000 | Triborough Bridge & Tunnel Authority, NY, (Series B-2B) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 0.650%, 5/5/2022 | 16,000,000 | |
TOTAL | 209,080,000 | ||
North Carolina— 2.4% | |||
26,175,000 | Person County, NC Industrial Facilities & PCFA (Certainteed Gypsum, Inc.), (Series 2010) Weekly VRDNs, (Credit Industriel et Commercial LOC), 0.500%, 5/5/2022 | 26,175,000 | |
3,550,000 | University of North Carolina at Chapel Hill (University of North Carolina Hospitals), (Series 2001A) Daily VRDNs, (TD Bank, N.A. LIQ), 0.320%, 5/2/2022 | 3,550,000 | |
TOTAL | 29,725,000 | ||
Ohio— 2.2% | |||
4,070,000 | Akron, Bath & Copley, OH Joint Township Hospital District (Summa Health System), (Series 2017C) Weekly VRDNs, (BMO Harris Bank, N.A. LOC), 0.440%, 5/5/2022 | 4,070,000 | |
11,800,000 | Ohio State Higher Educational Facility Commission (Cleveland Clinic), (Series 2013B-2) Daily VRDNs, (Bank of New York Mellon, N.A. LIQ), 0.340%, 5/2/2022 | 11,800,000 | |
11,000,000 | Ohio State Higher Educational Facility Commission (Cleveland Clinic), (Series 2019D-1) Weekly VRDNs, 0.410%, 5/5/2022 | 11,000,000 | |
TOTAL | 26,870,000 | ||
Pennsylvania— 6.8% | |||
5,000,000 | Butler County, PA IDA (Concordia Lutheran Obligated Group), (Series A of 2008) Weekly VRDNs, (Truist Bank LOC), 0.530%, 5/5/2022 | 5,000,000 | |
17,525,000 | Pennsylvania EDFA (PPL Energy Supply LLC), (Series C) Weekly VRDNs, (MUFG Bank Ltd. LOC), 0.750%, 5/4/2022 | 17,525,000 | |
18,225,000 | Pennsylvania State Turnpike Commission, (Series of 2020) Weekly VRDNs, (TD Bank, N.A. LOC), 0.440%, 5/5/2022 | 18,225,000 | |
39,000,000 | Pittsburgh & Allegheny County, PA Sports & Exhibition Authority, (Series A of 2007) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(PNC Bank, N.A. LIQ), 0.470%, 5/5/2022 | 39,000,000 | |
4,640,000 | Southcentral PA, General Authority (Wellspan Health Obligated Group), (Series 2019E) Daily VRDNs, (U.S. Bank, N.A. LIQ), 0.370%, 5/2/2022 | 4,640,000 | |
TOTAL | 84,390,000 | ||
Tennessee— 0.3% | |||
3,635,000 | Blount County, TN Public Building Authority (Bradley County, TN), (Series E-6-A) Weekly VRDNs, (Truist Bank LOC), 0.580%, 5/4/2022 | 3,635,000 | |
Texas— 2.5% | |||
6,000,000 | Tarrant County, TX Cultural Education Facilities Finance Corp. (Baylor Scott & White Health Care System), (Series 2011C) Daily VRDNs, (TD Bank, N.A. LOC), 0.320%, 5/2/2022 | 6,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Texas— continued | |||
$25,500,000 | Tarrant County, TX Cultural Education Facilities Finance Corp. (Methodist Hospitals of Dallas), (Series 2008B) Daily VRDNs, (TD Bank, N.A. LOC), 0.330%, 5/2/2022 | $ 25,500,000 | |
TOTAL | 31,500,000 | ||
Utah— 1.4% | |||
14,740,000 | Emery County, UT (Pacificorp), PCRB (Series 1994) Weekly VRDNs, 0.480%, 5/4/2022 | 14,740,000 | |
2,000,000 | St. George, UT IDRB (Apogee Enterprises, Inc.), (Series 2010) Weekly VRDNs, (Wells Fargo Bank, N.A. LOC), 0.490%, 5/5/2022 | 2,000,000 | |
TOTAL | 16,740,000 | ||
Virginia— 0.3% | |||
4,080,000 | Lynchburg, VA Economic Development Authority (Centra Health Obligated Group), (Series 2017C) Weekly VRDNs, (Truist Bank LOC), 0.580%, 5/5/2022 | 4,080,000 | |
West Virginia— 2.4% | |||
9,630,000 | Marshall County, WV (Honeywell International, Inc.), (Series 1994) Weekly VRDNs, 0.450%, 5/4/2022 | 9,630,000 | |
20,100,000 | West Virginia State Hospital Finance Authority (Cabell Huntington Hospital), (Series 2008A) Weekly VRDNs, (Truist Bank LOC), 0.580%, 5/5/2022 | 20,100,000 | |
TOTAL | 29,730,000 | ||
Wyoming— 0.8% | |||
9,800,000 | Sublette County, WY (Exxon Capital Ventures, Inc.), (Series 2014) Daily VRDNs, (GTD by Exxon Mobil Corp.), 0.320%, 5/2/2022 | 9,800,000 | |
TOTAL INVESTMENT IN SECURITIES—99.7% (AT AMORTIZED COST)2 | 1,237,945,000 | ||
OTHER ASSETS AND LIABILITIES - NET—0.3%3 | 4,236,360 | ||
TOTAL NET ASSETS—100% | $1,242,181,360 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Also represents cost for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
CDA | —Community Development Authority | |
CP | —Commercial Paper | |
EDC | —Economic Development Commission | |
EDFA | —Economic Development Finance Authority | |
EDRB | —Economic Development Revenue Bond | |
EDRBs | —Economic Development Revenue Bonds | |
FHLB | —Federal Home Loan Bank | |
FNMA | —Federal National Mortgage Association | |
GTD | —Guaranteed | |
HFA | —Housing Finance Authority | |
IDA | —Industrial Development Authority | |
IDB | —Industrial Development Bond | |
IDRB | —Industrial Development Revenue Bond | |
INS | —Insured | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
MFH | —Multi-Family Housing | |
PCFA | —Pollution Control Finance Authority | |
PCR | —Pollution Control Revenue | |
PCRB | —Pollution Control Revenue Bond | |
UT | —Unlimited Tax | |
VRDNs | —Variable Rate Demand Notes | |
VRDP | —Variable Rate Demand Preferred | |
VRDPs | —Variable Rate Demand Preferreds |
Six Months Ended (unaudited) 4/30/2022 | Year Ended October 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0004 | 0.0001 | 0.0060 | 0.0137 | 0.0114 | 0.0059 |
Net realized gain (loss) | 0.00001 | — | — | — | — | — |
Total From Investment Operations | 0.0004 | 0.0001 | 0.0060 | 0.0137 | 0.0114 | 0.0059 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0004) | (0.0001) | (0.0060) | (0.0137) | (0.0114) | (0.0059) |
Net Asset Value, End of Period | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 |
Total Return2 | 0.04% | 0.01% | 0.60% | 1.38% | 1.15% | 0.59% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.14%4 | 0.08% | 0.19% | 0.20% | 0.20% | 0.20% |
Net investment income | 0.09%4 | 0.01% | 0.64% | 1.36% | 1.17% | 0.59% |
Expense waiver/reimbursement5 | 0.23%4 | 0.29% | 0.18% | 0.16% | 0.18% | 0.20% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $824,319 | $549,366 | $735,236 | $855,998 | $594,047 | $301,268 |
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) 4/30/2022 | Year Ended October 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0005 | 0.0001 | 0.0063 | 0.0142 | 0.0119 | 0.0064 |
Net realized gain (loss) | 0.00001 | — | — | — | — | — |
Total From Investment Operations | 0.0005 | 0.0001 | 0.0063 | 0.0142 | 0.0119 | 0.0064 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0005) | (0.0001) | (0.0063) | (0.0142) | (0.0119) | (0.0064) |
Net Asset Value, End of Period | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 |
Total Return2 | 0.05% | 0.01% | 0.64% | 1.43% | 1.20% | 0.64% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.12%4 | 0.08% | 0.15% | 0.15% | 0.15% | 0.15% |
Net investment income | 0.10%4 | 0.01% | 0.72% | 1.42% | 1.21% | 0.65% |
Expense waiver/reimbursement5 | 0.21%4 | 0.24% | 0.17% | 0.16% | 0.18% | 0.20% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $417,863 | $301,266 | $398,163 | $515,446 | $420,808 | $254,460 |
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. |
April 30, 2022 (unaudited)
Assets: | |
Investment in securities, at amortized cost and fair value | $1,237,945,000 |
Cash | 4,992,406 |
Income receivable | 444,250 |
Receivable for shares sold | 1,165,517 |
Total Assets | 1,244,547,173 |
Liabilities: | |
Payable for shares redeemed | 2,089,023 |
Income distribution payable | 147,974 |
Payable to adviser (Note 5) | 2,958 |
Payable for administrative fee (Note 5) | 5,333 |
Payable for other service fees (Note 2) | 40,378 |
Accrued expenses (Note 5) | 80,147 |
Total Liabilities | 2,365,813 |
Net assets for 1,242,172,435 shares outstanding | $1,242,181,360 |
Net Assets Consist of: | |
Paid-in capital | $1,242,172,435 |
Total distributable earnings (loss) | 8,925 |
Total Net Assets | $1,242,181,360 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$824,318,808 ÷ 824,319,114 shares outstanding, no par value, unlimited shares authorized | $1.0000 |
Premier Shares: | |
$417,862,552 ÷ 417,853,321 shares outstanding, no par value, unlimited shares authorized | $1.0000 |
Six Months Ended April 30, 2022 (unaudited)
Investment Income: | |
Interest | $974,027 |
Expenses: | |
Investment adviser fee (Note 5) | 876,343 |
Administrative fee (Note 5) | 343,349 |
Custodian fees | 15,400 |
Transfer agent fees | 27,533 |
Directors’/Trustees’ fees (Note 5) | 2,314 |
Auditing fees | 9,620 |
Legal fees | 4,233 |
Portfolio accounting fees | 83,108 |
Other service fees (Note 2) | 137,802 |
Share registration costs | 28,258 |
Printing and postage | 10,642 |
Miscellaneous (Note 5) | 20,105 |
TOTAL EXPENSES | 1,558,707 |
Waivers and Reimbursement: | |
Waiver of investment adviser fee (Note 5) | (811,608) |
Waivers/reimbursement of other operating expenses (Notes 2 and 5) | (165,538) |
TOTAL WAIVERS AND REIMBURSEMENT | (977,146) |
Net expenses | 581,561 |
Net investment income | 392,466 |
Net realized loss on investments | (167) |
Change in net assets resulting from operations | $392,299 |
Six Months Ended (unaudited) 4/30/2022 | Year Ended 10/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $392,466 | $101,103 |
Net realized gain (loss) | (167) | — |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 392,299 | 101,103 |
Distributions to Shareholders: | ||
Institutional Shares | (236,558) | (63,749) |
Premier Shares | (155,373) | (37,230) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (391,931) | (100,979) |
Share Transactions: | ||
Proceeds from sale of shares | 2,059,887,024 | 2,850,722,643 |
Net asset value of shares issued to shareholders in payment of distributions declared | 155,844 | 44,183 |
Cost of shares redeemed | (1,668,493,369) | (3,133,534,477) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 391,549,499 | (282,767,651) |
Change in net assets | 391,549,867 | (282,767,527) |
Net Assets: | ||
Beginning of period | 850,631,493 | 1,133,399,020 |
End of period | $1,242,181,360 | $850,631,493 |
Other Service Fees Incurred | Other Service Fees Waived by Unaffiliated Third Parties | |
Institutional Shares | $137,802 | $(75,670) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 714,525,690 | $714,525,690 | 436,603,893 | $436,603,893 |
Shares issued to shareholders in payment of distributions declared | 88,843 | 88,843 | 26,899 | 26,899 |
Shares redeemed | (439,661,669) | (439,661,669) | (622,501,075) | (622,501,075) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | 274,952,864 | $274,952,864 | (185,870,283) | $(185,870,283) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Premier Shares: | Shares | Amount | Shares | Amount |
Shares sold | 1,345,361,334 | $1,345,361,334 | 2,414,118,750 | $2,414,118,750 |
Shares issued to shareholders in payment of distributions declared | 67,001 | 67,001 | 17,284 | 17,284 |
Shares redeemed | (1,228,831,700) | (1,228,831,700) | (2,511,033,402) | (2,511,033,402) |
NET CHANGE RESULTING FROM PREMIER SHARE TRANSACTIONS | 116,596,635 | $116,596,635 | (96,897,368) | $(96,897,368) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 391,549,499 | $391,549,499 | (282,767,651) | $(282,767,651) |
Short-Term | Long-Term | Total |
$36 | $— | $36 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 11/1/2021 | Ending Account Value 4/30/2022 | Expenses Paid During Period1 | |
Actual: | |||
Institutional Shares | $1,000 | $1,000.40 | $0.692 |
Premier Shares | $1,000 | $1,000.50 | $0.603 |
Hypothetical (assuming a 5% return before expenses): | |||
Institutional Shares | $1,000 | $1,024.10 | $0.702 |
Premier Shares | $1,000 | $1,024.20 | $0.603 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Institutional Shares | 0.14% |
Premier Shares | 0.12% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $0.99 and $1.00, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Premier Shares current Fee Limit of 0.15% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $0.74 and $0.75, respectively. |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N666
Share Class | Ticker | Institutional | FFTXX |
Federated Hermes Institutional Tax-Free Cash Trust
A Portfolio of Federated Hermes Money Market Obligations Trust
The Share Price will fluctuate. It is possible to lose money by investing in the Fund.
Security Type | Percentage of Total Net Assets |
Variable Rate Demand Instruments | 98.5% |
Commercial Paper | 1.2% |
Other Assets and Liabilities—Net2 | 0.3% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for a description of these investments. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 99.7% |
8-30 Days | 0.0% |
31-90 Days | 0.0% |
91-180 Days | 0.0% |
181 Days or more | 0.0% |
Other Assets and Liabilities—Net2 | 0.3% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— 99.7% | ||
Alabama— 4.0% | |||
$ 4,700,000 | Alabama HFA MFH (Double Lake Ventures LLC), (2000 Series A:Turtle Lake) Weekly VRDNs, (FNMA LOC), 0.520%, 5/5/2022 | $ 4,700,000 | |
28,000,000 | Mobile County, AL IDA Gulf Opportunity Zone (SSAB Alabama, Inc.), (Series 2011) Weekly VRDNs, (Nordea Bank Abp LOC), 0.500%, 5/5/2022 | 28,000,000 | |
4,880,000 | Mobile, AL IDB (HighProv, LLC), (Series 2006) Weekly VRDNs, (FHLB of Dallas LOC), 0.510%, 5/5/2022 | 4,880,000 | |
12,285,000 | Tuscaloosa County, AL Port Authority (Tuscaloosa Riverfront Development, LLC), (Series 2007: Gulf Opportunity Zone Bonds) Weekly VRDNs, (FHLB of Atlanta LOC), 0.490%, 5/5/2022 | 12,285,000 | |
TOTAL | 49,865,000 | ||
Alaska— 0.7% | |||
9,080,000 | Valdez, AK Marine Terminal (Exxon Pipeline Co.), (Series 1993 A) Daily VRDNs, (GTD by Exxon Mobil Corp.), 0.330%, 5/2/2022 | 9,080,000 | |
Arizona— 1.9% | |||
4,000,000 | Maricopa County, AZ, IDA Solid Waste Disposal (DC Paloma 2 LLC), (Series 2009) Weekly VRDNs, (CoBank, ACB LOC), 0.490%, 5/5/2022 | 4,000,000 | |
20,000,000 | Yavapai County, AZ IDA - Recovery Zone Facility (Skanon Investments, Inc.), (Series 2010: Drake Cement Project) Weekly VRDNs, (Bank of Nova Scotia, Toronto LOC), 0.480%, 5/5/2022 | 20,000,000 | |
TOTAL | 24,000,000 | ||
California— 3.9% | |||
4,120,000 | California Infrastructure & Economic Development Bank (Los Angeles Society for the Prevention of Cruelty to Animals), (Series 2002A) Weekly VRDNs, (Bank of New York Mellon, N.A. LOC), 0.460%, 5/5/2022 | 4,120,000 | |
15,520,000 | California Statewide Communities Development Authority MFH (Uptown Newport Building Owner, LP), (2017 Series BB: One Uptown Newport Apartments) Weekly VRDNs, (FHLB of Des Moines LOC), 0.480%, 5/5/2022 | 15,520,000 | |
5,130,000 | Hillsborough, CA Water and Sewer Systems, (Series 2006A) Weekly VRDNs, (Bank of the West, San Francisco, CA LIQ), 0.350%, 5/5/2022 | 5,130,000 | |
3,450,000 | San Diego County, CA (Museum of Contemporary Art San Diego), (Series 2004) Weekly VRDNs, (Northern Trust Co., Chicago, IL LOC), 0.460%, 5/5/2022 | 3,450,000 | |
20,305,000 | Victorville, CA Joint Powers Financing Authority (Victorville, CA), (Series 2007A: Cogeneration Facility) Weekly VRDNs, (BNP Paribas SA LOC), 0.470%, 5/5/2022 | 20,305,000 | |
TOTAL | 48,525,000 | ||
Connecticut— 1.5% | |||
8,075,000 | Connecticut Health and Educational Facilities Authority (Yale-New Haven Hospital), (Series 2013O) Weekly VRDNs, 0.460%, 5/4/2022 | 8,075,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Connecticut— continued | |||
$10,930,000 | Connecticut State Health & Educational Facilities (Yale-New Haven Hospital), (Series 2008C) Weekly VRDNs, 0.460%, 5/4/2022 | $ 10,930,000 | |
TOTAL | 19,005,000 | ||
Florida— 11.5% | |||
3,310,000 | Coconut Creek, FL (Junior Achievement of South Florida, Inc.), (Series 2007) Weekly VRDNs, (TD Bank, N.A. LOC), 0.500%, 5/5/2022 | 3,310,000 | |
16,100,000 | Escambia County, FL Solid Waste Disposal (Gulf Power Co.) Daily VRDNs, 0.360%, 5/2/2022 | 16,100,000 | |
11,200,000 | Escambia County, FL Solid Waste Disposal (Gulf Power Co.), (First Series 2009) Daily VRDNs, 0.390%, 5/2/2022 | 11,200,000 | |
10,000,000 | Florida HFA (Woodlands Apartments), (Series 1985-SS) Weekly VRDNs, (Northern Trust Co., Chicago, IL LOC), 0.510%, 5/4/2022 | 10,000,000 | |
23,970,000 | Gainesville, FL Utilities Systems, (2012 Series B) Daily VRDNs, (Barclays Bank PLC LIQ), 0.320%, 5/2/2022 | 23,970,000 | |
4,400,000 | Hillsborough County, FL IDA (Baycare Health System), (Series 2020B) Daily VRDNs, (TD Bank, N.A. LOC), 0.320%, 5/2/2022 | 4,400,000 | |
14,770,000 | Jacksonville, FL EDC (JEA, FL Electric System), (Series 2000-A), CP, (U.S. Bank, N.A. LIQ), 0.500%, Mandatory Tender 5/4/2022 | 14,770,000 | |
22,190,000 | Jacksonville, FL PCR (Florida Power & Light Co.), (Series 1995) Daily VRDNs, 0.390%, 5/2/2022 | 22,190,000 | |
25,000,000 | JEA, FL Electric System, (Series Three 2008C-1: Senior Revenue Bonds) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.430%, 5/5/2022 | 25,000,000 | |
3,595,000 | JEA, FL Water & Sewer System, (2008 Series A-2: Subordinate Revenue Bonds) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.450%, 5/5/2022 | 3,595,000 | |
4,050,000 | JEA, FL Water & Sewer System, (2008 Series B: Senior Revenue Bonds) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.430%, 5/4/2022 | 4,050,000 | |
2,300,000 | Martin County, FL PCRB (Florida Power & Light Co.), (Series 2000) Daily VRDNs, 0.400%, 5/2/2022 | 2,300,000 | |
2,200,000 | West Palm Beach, FL, Utility System Variable Rate Revenue Bonds (Series 2008C) Weekly VRDNs, (Assured Guaranty Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.480%, 5/4/2022 | 2,200,000 | |
TOTAL | 143,085,000 | ||
Georgia— 0.3% | |||
3,000,000 | Monroe County, GA Development Authority Pollution Control (Gulf Power Co.), (1st Series Remarketing 2019) Daily VRDNs, 0.390%, 5/2/2022 | 3,000,000 | |
Illinois— 1.3% | |||
3,500,000 | Illinois Development Finance Authority (North Shore Senior Center), (Series 1999) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LOC), 0.490%, 5/4/2022 | 3,500,000 | |
8,000,000 | Illinois Finance Authority (University of Chicago Medical Center), (Series 2010A) Daily VRDNs, (Bank of America N.A. LOC), 0.320%, 5/2/2022 | 8,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Illinois— continued | |||
$ 4,495,000 | Southwestern Illinois Development Authority (Molinero, Inc.), (Series 2010) Weekly VRDNs, (BMO Harris Bank, N.A. LOC), 0.450%, 5/5/2022 | $ 4,495,000 | |
TOTAL | 15,995,000 | ||
Indiana— 1.0% | |||
4,990,000 | Indiana Municipal Power Agency, (Series 2019 B) Daily VRDNs, (U.S. Bank, N.A. LOC), 0.360%, 5/2/2022 | 4,990,000 | |
7,865,000 | Valparaiso, IN EDRB (Pines Village Retirement Community, Inc.), (Series 2008) Weekly VRDNs, (Wells Fargo Bank, N.A. LOC), 0.550%, 5/5/2022 | 7,865,000 | |
TOTAL | 12,855,000 | ||
Iowa— 5.8% | |||
11,810,000 | Iowa Finance Authority - Health Facilities (UnityPoint Health), (Series 2013B-1) Daily VRDNs, (TD Bank, N.A. LOC), 0.320%, 5/2/2022 | 11,810,000 | |
1,900,000 | Iowa Finance Authority - Health Facilities (UnityPoint Health), (Series 2013B-2) Daily VRDNs, (TD Bank, N.A. LOC), 0.320%, 5/2/2022 | 1,900,000 | |
3,600,000 | Iowa Finance Authority (Cargill, Inc.), Midwestern Disaster Area EDRBs (Series 2009A) Weekly VRDNs, 0.490%, 5/5/2022 | 3,600,000 | |
12,500,000 | Iowa Finance Authority (Cargill, Inc.), Midwestern Disaster Area EDRBs (Series 2011A) Weekly VRDNs, 0.490%, 5/5/2022 | 12,500,000 | |
41,500,000 | Iowa Finance Authority (HF Chlor-Alkali, LLC), (Series 2012) Weekly VRDNs, (GTD by Cargill, Inc.), 0.490%, 5/5/2022 | 41,500,000 | |
TOTAL | 71,310,000 | ||
Kentucky— 1.6% | |||
19,635,000 | Boyle County, KY (Centre College, KY), (Series 2008A) Weekly VRDNs, (PNC Bank, N.A. LOC), 0.440%, 5/5/2022 | 19,635,000 | |
Louisiana— 9.6% | |||
43,000,000 | Baton Rouge, LA Industrial Development Board (Exxon Mobil Corp.), (Series 2010A) Daily VRDNs, (GTD by Exxon Mobil Corp.), 0.320%, 5/2/2022 | 43,000,000 | |
1,150,000 | Hammond Area Economic & Industrial Development District, LA (AGEM Management Services LLC) Weekly VRDNs, (FHLB of Dallas LOC), 0.550%, 5/5/2022 | 1,150,000 | |
12,000,000 | Louisiana Local Government Environmental Facilities CDA (Isidore Newman School), (Series 2002) Weekly VRDNs, (FHLB of Dallas LOC), 0.530%, 5/4/2022 | 12,000,000 | |
3,040,000 | Louisiana Local Government Environmental Facilities CDA (The Academy of the Sacred Heart of New Orleans), (Series 2004) Weekly VRDNs, (FHLB of Dallas LOC), 0.530%, 5/4/2022 | 3,040,000 | |
3,350,000 | Louisiana Local Government Environmental Facilities CDA (The Christ Episcopal Church in Covington), (Series 2004) Weekly VRDNs, (FHLB of Dallas LOC), 0.530%, 5/4/2022 | 3,350,000 | |
400,000 | Louisiana Public Facilities Authority (Air Products & Chemicals, Inc.), (Series 2007) Daily VRDNs, 0.300%, 5/2/2022 | 400,000 | |
27,000,000 | Louisiana Public Facilities Authority (Air Products & Chemicals, Inc.), (Series 2008A) Daily VRDNs, 0.310%, 5/2/2022 | 27,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Louisiana— continued | |||
$25,000,000 | Louisiana Public Facilities Authority (Air Products & Chemicals, Inc.), (Series 2008C) Daily VRDNs, 0.300%, 5/2/2022 | $ 25,000,000 | |
4,310,000 | St. Tammany Parish Development District, LA (Main Street Holdings of St. Tammany, LLC), (Series 2006A) Weekly VRDNs, (FHLB of Dallas LOC), 0.510%, 5/5/2022 | 4,310,000 | |
TOTAL | 119,250,000 | ||
Michigan— 3.2% | |||
16,200,000 | Michigan Strategic Fund (Kroger Co.), (Series 2010) Weekly VRDNs, (Bank of Nova Scotia, Toronto LOC), 0.480%, 5/5/2022 | 16,200,000 | |
12,060,000 | St. Joseph, MI Hospital Finance Authority (Lakeland Hospitals at Niles & St. Joseph Obligated Group), (Series 2002) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.450%, 5/5/2022 | 12,060,000 | |
11,535,000 | St. Joseph, MI Hospital Finance Authority (Lakeland Hospitals at Niles & St. Joseph Obligated Group), (Series 2006) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.450%, 5/5/2022 | 11,535,000 | |
TOTAL | 39,795,000 | ||
Minnesota— 0.6% | |||
7,500,000 | Moorhead, MN (American Crystal Sugar Co.), Series 2020 Weekly VRDNs, (CoBank, ACB LOC), 0.500%, 5/5/2022 | 7,500,000 | |
Mississippi— 3.0% | |||
37,400,000 | Perry County, MS (Leaf River Cellulose LLC), (Series 2021) Weekly VRDNs, (GTD by Georgia-Pacific LLC), 0.490%, 5/5/2022 | 37,400,000 | |
Missouri— 2.5% | |||
30,395,000 | Kansas City, MO, H. Roe Bartle Convention Center (Series 2008E) Weekly VRDNs, (Sumitomo Mitsui Banking Corp. LOC), 0.470%, 5/4/2022 | 30,395,000 | |
Multi-State— 11.3% | |||
24,000,000 | Nuveen AMT-Free Municipal Credit Income Fund, (Series 4) Weekly VRDPs, (Societe Generale, Paris LIQ), 0.500%, 5/5/2022 | 24,000,000 | |
35,600,000 | Nuveen AMT-Free Municipal Credit Income Fund, (Series 5) Weekly VRDPs, (Societe Generale, Paris LIQ), 0.490%, 5/5/2022 | 35,600,000 | |
4,600,000 | Nuveen Enhanced AMT-Free Municipal Credit Opportunities Fund, (Series 2) Weekly VRDPs, (JPMorgan Chase Bank, N.A. LIQ), 0.500%, 5/5/2022 | 4,600,000 | |
9,000,000 | Nuveen Enhanced AMT-Free Quality Municipal Income Fund, (Series 3) Weekly VRDPs, (TD Bank, N.A. LIQ), 0.490%, 5/5/2022 | 9,000,000 | |
47,100,000 | Nuveen Enhanced AMT-Free Quality Municipal Income Fund, (Series 4) Weekly VRDPs, (Barclays Bank PLC LIQ), 0.490%, 5/5/2022 | 47,100,000 | |
20,000,000 | Nuveen Enhanced AMT-Free Quality Municipal Income Fund, VRDP (Series 5-1000) Weekly VRDPs, (Sumitomo Mitsui Banking Corp. LIQ)/(Sumitomo Mitsui Banking Corp. LOC), 0.490%, 5/5/2022 | 20,000,000 | |
TOTAL | 140,300,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Nebraska— 0.1% | |||
$ 1,400,000 | Washington County, NE (Cargill, Inc.), (Series 2010) Weekly VRDNs, 0.490%, 5/5/2022 | $ 1,400,000 | |
New York— 16.8% | |||
8,900,000 | Battery Park, NY City Authority, (Subseries 2019 D-2) Weekly VRDNs, (TD Bank, N.A. LIQ), 0.440%, 5/5/2022 | 8,900,000 | |
8,000,000 | New York City, NY Municipal Water Finance Authority Daily VRDNs, (State Street Bank and Trust Co. LIQ), 0.340%, 5/2/2022 | 8,000,000 | |
3,265,000 | New York City, NY Municipal Water Finance Authority, (2014 Series AA-1) Daily VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.330%, 5/2/2022 | 3,265,000 | |
12,450,000 | New York City, NY Municipal Water Finance Authority, (2014 Series AA-2) Daily VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.330%, 5/2/2022 | 12,450,000 | |
13,850,000 | New York City, NY Municipal Water Finance Authority, (Fiscal 2014 AA-3 Bonds) Daily VRDNs, (TD Bank, N.A. LIQ), 0.320%, 5/2/2022 | 13,850,000 | |
5,200,000 | New York City, NY Municipal Water Finance Authority, (Fiscal 2014 AA-4 Bonds) Daily VRDNs, (State Street Bank and Trust Co. LIQ), 0.330%, 5/2/2022 | 5,200,000 | |
5,850,000 | New York City, NY Municipal Water Finance Authority, (Fiscal 2014 AA-6 Bonds) Daily VRDNs, (Mizuho Bank Ltd. LIQ), 0.330%, 5/2/2022 | 5,850,000 | |
5,325,000 | New York City, NY Transitional Finance Authority, (Fiscal 2015 Subseries E-3) Daily VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.330%, 5/2/2022 | 5,325,000 | |
3,520,000 | New York City, NY Transitional Finance Authority, (Subseries E-4) Daily VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.330%, 5/2/2022 | 3,520,000 | |
11,000,000 | New York City, NY Transitional Finance Authority, Fiscal 2016 Subseries A-4) Daily VRDNs, (Bank of America N.A. LIQ), 0.330%, 5/2/2022 | 11,000,000 | |
1,950,000 | New York City, NY Transitional Finance Authority, Future Tax Secured Subordinate Bonds (Series 2013C-4) Daily VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.330%, 5/2/2022 | 1,950,000 | |
8,900,000 | New York City, NY, (Fiscal 2006 Series I-4) Daily VRDNs, (TD Bank, N.A. LOC), 0.320%, 5/2/2022 | 8,900,000 | |
7,750,000 | New York City, NY, (Fiscal 2018 Series E Subseries E-5) Daily VRDNs, (TD Bank, N.A. LOC), 0.320%, 5/2/2022 | 7,750,000 | |
22,025,000 | New York City, NY, (Subseries A-2) Daily VRDNs, (Mizuho Bank Ltd. LOC), 0.330%, 5/2/2022 | 22,025,000 | |
10,645,000 | New York City, NY, (Subseries D-4) Daily VRDNs, (TD Bank, N.A. LOC), 0.320%, 5/2/2022 | 10,645,000 | |
4,000,000 | New York City, NY, 2015 Series F (Subseries F-5) Daily VRDNs, (Barclays Bank PLC LIQ), 0.350%, 5/2/2022 | 4,000,000 | |
1,750,000 | New York State HFA (10 Barclay Street Housing LLC), (Series A) Weekly VRDNs, (FNMA LOC), 0.400%, 5/4/2022 | 1,750,000 | |
40,000,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 1) Weekly VRDPs, (Societe Generale, Paris LIQ), 0.490%, 5/5/2022 | 40,000,000 | |
10,000,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 2) Weekly VRDPs, (Royal Bank of Canada LIQ), 0.490%, 5/5/2022 | 10,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$ 8,700,000 | Triborough Bridge & Tunnel Authority, NY, (Series B-2A) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 0.600%, 5/4/2022 | $ 8,700,000 | |
16,000,000 | Triborough Bridge & Tunnel Authority, NY, (Series B-2B) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 0.650%, 5/5/2022 | 16,000,000 | |
TOTAL | 209,080,000 | ||
North Carolina— 2.4% | |||
26,175,000 | Person County, NC Industrial Facilities & PCFA (Certainteed Gypsum, Inc.), (Series 2010) Weekly VRDNs, (Credit Industriel et Commercial LOC), 0.500%, 5/5/2022 | 26,175,000 | |
3,550,000 | University of North Carolina at Chapel Hill (University of North Carolina Hospitals), (Series 2001A) Daily VRDNs, (TD Bank, N.A. LIQ), 0.320%, 5/2/2022 | 3,550,000 | |
TOTAL | 29,725,000 | ||
Ohio— 2.2% | |||
4,070,000 | Akron, Bath & Copley, OH Joint Township Hospital District (Summa Health System), (Series 2017C) Weekly VRDNs, (BMO Harris Bank, N.A. LOC), 0.440%, 5/5/2022 | 4,070,000 | |
11,800,000 | Ohio State Higher Educational Facility Commission (Cleveland Clinic), (Series 2013B-2) Daily VRDNs, (Bank of New York Mellon, N.A. LIQ), 0.340%, 5/2/2022 | 11,800,000 | |
11,000,000 | Ohio State Higher Educational Facility Commission (Cleveland Clinic), (Series 2019D-1) Weekly VRDNs, 0.410%, 5/5/2022 | 11,000,000 | |
TOTAL | 26,870,000 | ||
Pennsylvania— 6.8% | |||
5,000,000 | Butler County, PA IDA (Concordia Lutheran Obligated Group), (Series A of 2008) Weekly VRDNs, (Truist Bank LOC), 0.530%, 5/5/2022 | 5,000,000 | |
17,525,000 | Pennsylvania EDFA (PPL Energy Supply LLC), (Series C) Weekly VRDNs, (MUFG Bank Ltd. LOC), 0.750%, 5/4/2022 | 17,525,000 | |
18,225,000 | Pennsylvania State Turnpike Commission, (Series of 2020) Weekly VRDNs, (TD Bank, N.A. LOC), 0.440%, 5/5/2022 | 18,225,000 | |
39,000,000 | Pittsburgh & Allegheny County, PA Sports & Exhibition Authority, (Series A of 2007) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(PNC Bank, N.A. LIQ), 0.470%, 5/5/2022 | 39,000,000 | |
4,640,000 | Southcentral PA, General Authority (Wellspan Health Obligated Group), (Series 2019E) Daily VRDNs, (U.S. Bank, N.A. LIQ), 0.370%, 5/2/2022 | 4,640,000 | |
TOTAL | 84,390,000 | ||
Tennessee— 0.3% | |||
3,635,000 | Blount County, TN Public Building Authority (Bradley County, TN), (Series E-6-A) Weekly VRDNs, (Truist Bank LOC), 0.580%, 5/4/2022 | 3,635,000 | |
Texas— 2.5% | |||
6,000,000 | Tarrant County, TX Cultural Education Facilities Finance Corp. (Baylor Scott & White Health Care System), (Series 2011C) Daily VRDNs, (TD Bank, N.A. LOC), 0.320%, 5/2/2022 | 6,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Texas— continued | |||
$25,500,000 | Tarrant County, TX Cultural Education Facilities Finance Corp. (Methodist Hospitals of Dallas), (Series 2008B) Daily VRDNs, (TD Bank, N.A. LOC), 0.330%, 5/2/2022 | $ 25,500,000 | |
TOTAL | 31,500,000 | ||
Utah— 1.4% | |||
14,740,000 | Emery County, UT (Pacificorp), PCRB (Series 1994) Weekly VRDNs, 0.480%, 5/4/2022 | 14,740,000 | |
2,000,000 | St. George, UT IDRB (Apogee Enterprises, Inc.), (Series 2010) Weekly VRDNs, (Wells Fargo Bank, N.A. LOC), 0.490%, 5/5/2022 | 2,000,000 | |
TOTAL | 16,740,000 | ||
Virginia— 0.3% | |||
4,080,000 | Lynchburg, VA Economic Development Authority (Centra Health Obligated Group), (Series 2017C) Weekly VRDNs, (Truist Bank LOC), 0.580%, 5/5/2022 | 4,080,000 | |
West Virginia— 2.4% | |||
9,630,000 | Marshall County, WV (Honeywell International, Inc.), (Series 1994) Weekly VRDNs, 0.450%, 5/4/2022 | 9,630,000 | |
20,100,000 | West Virginia State Hospital Finance Authority (Cabell Huntington Hospital), (Series 2008A) Weekly VRDNs, (Truist Bank LOC), 0.580%, 5/5/2022 | 20,100,000 | |
TOTAL | 29,730,000 | ||
Wyoming— 0.8% | |||
9,800,000 | Sublette County, WY (Exxon Capital Ventures, Inc.), (Series 2014) Daily VRDNs, (GTD by Exxon Mobil Corp.), 0.320%, 5/2/2022 | 9,800,000 | |
TOTAL INVESTMENT IN SECURITIES—99.7% (AT AMORTIZED COST)2 | 1,237,945,000 | ||
OTHER ASSETS AND LIABILITIES - NET—0.3%3 | 4,236,360 | ||
TOTAL NET ASSETS—100% | $1,242,181,360 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Also represents cost for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
CDA | —Community Development Authority | |
CP | —Commercial Paper | |
EDC | —Economic Development Commission | |
EDFA | —Economic Development Finance Authority | |
EDRB | —Economic Development Revenue Bond | |
EDRBs | —Economic Development Revenue Bonds | |
FHLB | —Federal Home Loan Bank | |
FNMA | —Federal National Mortgage Association | |
GTD | —Guaranteed | |
HFA | —Housing Finance Authority | |
IDA | —Industrial Development Authority | |
IDB | —Industrial Development Bond | |
IDRB | —Industrial Development Revenue Bond | |
INS | —Insured | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
MFH | —Multi-Family Housing | |
PCFA | —Pollution Control Finance Authority | |
PCR | —Pollution Control Revenue | |
PCRB | —Pollution Control Revenue Bond | |
UT | —Unlimited Tax | |
VRDNs | —Variable Rate Demand Notes | |
VRDP | —Variable Rate Demand Preferred | |
VRDPs | —Variable Rate Demand Preferreds |
Six Months Ended (unaudited) 4/30/2022 | Year Ended October 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0004 | 0.0001 | 0.0060 | 0.0137 | 0.0114 | 0.0059 |
Net realized gain (loss) | 0.00001 | — | — | — | — | — |
Total From Investment Operations | 0.0004 | 0.0001 | 0.0060 | 0.0137 | 0.0114 | 0.0059 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0004) | (0.0001) | (0.0060) | (0.0137) | (0.0114) | (0.0059) |
Net Asset Value, End of Period | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 |
Total Return2 | 0.04% | 0.01% | 0.60% | 1.38% | 1.15% | 0.59% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.14%4 | 0.08% | 0.19% | 0.20% | 0.20% | 0.20% |
Net investment income | 0.09%4 | 0.01% | 0.64% | 1.36% | 1.17% | 0.59% |
Expense waiver/reimbursement5 | 0.23%4 | 0.29% | 0.18% | 0.16% | 0.18% | 0.20% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $824,319 | $549,366 | $735,236 | $855,998 | $594,047 | $301,268 |
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. |
April 30, 2022 (unaudited)
Assets: | |
Investment in securities, at amortized cost and fair value | $1,237,945,000 |
Cash | 4,992,406 |
Income receivable | 444,250 |
Receivable for shares sold | 1,165,517 |
Total Assets | 1,244,547,173 |
Liabilities: | |
Payable for shares redeemed | 2,089,023 |
Income distribution payable | 147,974 |
Payable to adviser (Note 5) | 2,958 |
Payable for administrative fee (Note 5) | 5,333 |
Payable for other service fees (Note 2) | 40,378 |
Accrued expenses (Note 5) | 80,147 |
Total Liabilities | 2,365,813 |
Net assets for 1,242,172,435 shares outstanding | $1,242,181,360 |
Net Assets Consist of: | |
Paid-in capital | $1,242,172,435 |
Total distributable earnings (loss) | 8,925 |
Total Net Assets | $1,242,181,360 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$824,318,808 ÷ 824,319,114 shares outstanding, no par value, unlimited shares authorized | $1.0000 |
Premier Shares: | |
$417,862,552 ÷ 417,853,321 shares outstanding, no par value, unlimited shares authorized | $1.0000 |
Six Months Ended April 30, 2022 (unaudited)
Investment Income: | |
Interest | $974,027 |
Expenses: | |
Investment adviser fee (Note 5) | 876,343 |
Administrative fee (Note 5) | 343,349 |
Custodian fees | 15,400 |
Transfer agent fees | 27,533 |
Directors’/Trustees’ fees (Note 5) | 2,314 |
Auditing fees | 9,620 |
Legal fees | 4,233 |
Portfolio accounting fees | 83,108 |
Other service fees (Note 2) | 137,802 |
Share registration costs | 28,258 |
Printing and postage | 10,642 |
Miscellaneous (Note 5) | 20,105 |
TOTAL EXPENSES | 1,558,707 |
Waivers and Reimbursement: | |
Waiver of investment adviser fee (Note 5) | (811,608) |
Waivers/reimbursement of other operating expenses (Notes 2 and 5) | (165,538) |
TOTAL WAIVERS AND REIMBURSEMENT | (977,146) |
Net expenses | 581,561 |
Net investment income | 392,466 |
Net realized loss on investments | (167) |
Change in net assets resulting from operations | $392,299 |
Six Months Ended (unaudited) 4/30/2022 | Year Ended 10/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $392,466 | $101,103 |
Net realized gain (loss) | (167) | — |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 392,299 | 101,103 |
Distributions to Shareholders: | ||
Institutional Shares | (236,558) | (63,749) |
Premier Shares | (155,373) | (37,230) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (391,931) | (100,979) |
Share Transactions: | ||
Proceeds from sale of shares | 2,059,887,024 | 2,850,722,643 |
Net asset value of shares issued to shareholders in payment of distributions declared | 155,844 | 44,183 |
Cost of shares redeemed | (1,668,493,369) | (3,133,534,477) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 391,549,499 | (282,767,651) |
Change in net assets | 391,549,867 | (282,767,527) |
Net Assets: | ||
Beginning of period | 850,631,493 | 1,133,399,020 |
End of period | $1,242,181,360 | $850,631,493 |
Other Service Fees Incurred | Other Service Fees Waived by Unaffiliated Third Parties | |
Institutional Shares | $137,802 | $(75,670) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 714,525,690 | $714,525,690 | 436,603,893 | $436,603,893 |
Shares issued to shareholders in payment of distributions declared | 88,843 | 88,843 | 26,899 | 26,899 |
Shares redeemed | (439,661,669) | (439,661,669) | (622,501,075) | (622,501,075) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | 274,952,864 | $274,952,864 | (185,870,283) | $(185,870,283) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Premier Shares: | Shares | Amount | Shares | Amount |
Shares sold | 1,345,361,334 | $1,345,361,334 | 2,414,118,750 | $2,414,118,750 |
Shares issued to shareholders in payment of distributions declared | 67,001 | 67,001 | 17,284 | 17,284 |
Shares redeemed | (1,228,831,700) | (1,228,831,700) | (2,511,033,402) | (2,511,033,402) |
NET CHANGE RESULTING FROM PREMIER SHARE TRANSACTIONS | 116,596,635 | $116,596,635 | (96,897,368) | $(96,897,368) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 391,549,499 | $391,549,499 | (282,767,651) | $(282,767,651) |
Short-Term | Long-Term | Total |
$36 | $— | $36 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 11/1/2021 | Ending Account Value 4/30/2022 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,000.40 | $0.692 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,024.10 | $0.702 |
1 | Expenses are equal to the Fund’s Institutional Shares annualized net expense ratio of 0.14%, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half-year period). |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $0.99 and $1.00, respectively. |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
Share Class | Ticker | Wealth | NISXX | Service | FNTXX | Cash II | NYCXX |
Cash Series | FNCXX |
Federated Hermes New York Municipal Cash Trust
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Variable Rate Demand Instruments | 74.3% |
Municipal Notes | 24.8% |
Other Assets and Liabilities—Net2 | 0.9% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for a description of these investments. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 71.5% |
8-30 Days | 0.5% |
31-90 Days | 21.3% |
91-180 Days | 2.6% |
181 Days or more | 3.2% |
Other Assets and Liabilities—Net2 | 0.9% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— 99.1% | ||
New York— 99.1% | |||
$ 595,000 | Albany, NY IDA (Albany Local Development Corp.), (Series 2002: Corning Preserve/Hudson Riverfront) Weekly VRDNs, (KeyBank, N.A. LOC), 0.550%, 5/5/2022 | $ 595,000 | |
3,800,000 | Albany, NY IDA (Renaissance Corporation of Albany), (Series 2004) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo LOC), 0.510%, 5/5/2022 | 3,800,000 | |
4,000,000 | Alfred Almond, NY CSD BANs, 1.000%, 6/14/2022 | 3,999,486 | |
5,700,000 | Arkport, NY CSD BANs, 1.000%, 6/23/2022 | 5,699,106 | |
1,200,000 | Battery Park, NY City Authority, (Series 2019D) Weekly VRDNs, (TD Bank, N.A. LIQ), 0.430%, 5/5/2022 | 1,200,000 | |
3,975,000 | Battery Park, NY City Authority, RBC Muni Products (Series 2019-E-137) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.470%, 5/5/2022 | 3,975,000 | |
2,948,540 | Chemung County, NY BANs, 1.000%, 10/14/2022 | 2,957,753 | |
2,263,050 | Cold Spring, NY BANs, 1.500%, 5/6/2022 | 2,263,408 | |
2,000,000 | Cooperstown, NY CSD BANs, 1.000%, 6/30/2022 | 2,002,626 | |
1,140,000 | East Hampton, NY Union Free School District TANs, 1.500%, 6/24/2022 | 1,141,859 | |
3,140,000 | Ellicottville, NY CSD, (Series A) BANs, 1.500%, 6/23/2022 | 3,145,727 | |
6,315,000 | Elmira, NY City School District BANs, 1.500%, 6/24/2022 | 6,318,100 | |
3,000,000 | Elwood, NY Union Free School District TANs, 1.250%, 6/24/2022 | 3,003,867 | |
3,325,000 | Erie County, NY IDA (Our Lady of Victory Renaissance Corporation), (Series 2007A) Weekly VRDNs, (HSBC Bank USA, N.A. LOC), 0.470%, 5/5/2022 | 3,325,000 | |
2,000,000 | Garrison, NY UFSD BANs, 1.000%, 6/30/2022 | 2,002,456 | |
2,880,000 | Hastings, NY BANs, 1.000%, 6/30/2022 | 2,883,494 | |
6,750,000 | Hudson Yards Infrastructure Corp. NY, Tender Option Bond Trust Certificates (Series 2020-XF2859) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.520%, 5/5/2022 | 6,750,000 | |
5,030,000 | Hudson Yards Infrastructure Corp. NY, Tender Option Bond Trust Receipts (Series 2019-ZM0737) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.520%, 5/5/2022 | 5,030,000 | |
3,756,813 | Hyde Park, NY CSD BANs, 1.250%, 6/17/2022 | 3,759,567 | |
1,553,350 | Lima, NY BANs, 1.750%, 5/27/2022 | 1,554,927 | |
4,000,000 | Marlboro, NY CSD BANs, 1.250%, 6/29/2022 | 4,001,899 | |
5,000,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Tender Option Bond Trust Receipts (Series 2018-XM0697) Weekly VRDNs, (Bank of America N.A. LIQ)/(Bank of America N.A. LOC), 0.490%, 5/5/2022 | 5,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$16,685,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Tender Option Bond Trust Receipts (Series 2020-XF0917) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.530%, 5/5/2022 | $ 16,685,000 | |
16,670,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Tender Option Bond Trust Receipts (Series 2020-XM0826) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.530%, 5/5/2022 | 16,670,000 | |
13,330,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Tender Option Bond Trust Receipts (Series 2020-XM0835) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.530%, 5/5/2022 | 13,330,000 | |
2,685,000 | Monroe County, NY IDA (Continuing Developmental Services, Inc.), (Series 2007) Weekly VRDNs, (Citizens Bank, N.A., Providence LOC), 0.550%, 5/5/2022 | 2,685,000 | |
3,725,000 | Nassau County, NY, RBC Muni Products (Series 2018 G-5) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.470%, 5/5/2022 | 3,725,000 | |
8,000,000 | Nassau County, NY, Tender Option Bond Trust Certificates (Series 2019-XF2815) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Barclays Bank PLC LIQ), 0.520%, 5/5/2022 | 8,000,000 | |
8,700,000 | Nassau County, NY, Tender Option Bond Trust Certificates (Series 2019-XF2816) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Toronto Dominion Bank LIQ), 0.520%, 5/5/2022 | 8,700,000 | |
3,915,000 | New York City Housing Development Corp., Tender Option Bond Trust Certificates (Series 2019-ZF2787) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.470%, 5/5/2022 | 3,915,000 | |
1,150,000 | New York City, NY Municipal Water Finance Authority, Tender Option Bond Trust Receipts (Series 2021-XF2940) Weekly VRDNs, (UBS AG LIQ), 0.470%, 5/5/2022 | 1,150,000 | |
2,820,000 | New York City, NY Transitional Finance Authority, Future Tax Secured Subordinate Bonds (Series 2013C-5) Weekly VRDNs, (Sumitomo Mitsui Banking Corp. LIQ), 0.440%, 5/5/2022 | 2,820,000 | |
2,000,000 | New York City, NY, (Subseries A-2) Daily VRDNs, (Mizuho Bank Ltd. LOC), 0.330%, 5/2/2022 | 2,000,000 | |
500,000 | New York City, NY, (Subseries A-7) Daily VRDNs, (Bank of the West, San Francisco, CA LOC), 0.360%, 5/2/2022 | 500,000 | |
2,000,000 | New York City, NY, Fiscal 2018 (Subseries B-4) Daily VRDNs, (Barclays Bank PLC LIQ), 0.350%, 5/2/2022 | 2,000,000 | |
10,620,000 | New York City, NY, Stage Trust 3a-7 (Series 2020-003) VRENs, (Wells Fargo Bank, N.A. LIQ), 0.590%, 5/5/2022 | 10,620,000 | |
1,830,000 | New York Liberty Development Corporation (4 World Trade Center LLC), (Series-XG0350) Weekly VRDNs, (Bank of America N.A. LIQ)/(Bank of America N.A. LOC), 0.470%, 5/5/2022 | 1,830,000 | |
3,750,000 | New York State Dormitory Authority (New York State Personal Income Tax Revenue Bond Fund), Tender Option Bond Trust Receipts (Series 2020-XF0951) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 3,750,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$ 4,600,000 | New York State Dormitory Authority (New York State Personal Income Tax Revenue Bond Fund), Tender Option Bond Trust Receipts (Series 2018-XG0218) Weekly VRDNs, (Bank of America N.A. LIQ), 0.470%, 5/5/2022 | $ 4,600,000 | |
3,000,000 | New York State Energy Research & Development Authority (Consolidated Edison Co.), (Series 2005A-3) Weekly VRDNs, (Mizuho Bank Ltd. LOC), 0.450%, 5/4/2022 | 3,000,000 | |
3,750,000 | New York State HFA (10 Barclay Street Housing LLC), (Series A) Weekly VRDNs, (FNMA LOC), 0.400%, 5/4/2022 | 3,750,000 | |
12,625,000 | New York State HFA (100 Maiden Lane), (2004 Series A) Weekly VRDNs, (FNMA LOC), 0.400%, 5/4/2022 | 12,625,000 | |
2,500,000 | New York State HFA (160 Madison Avenue, LLC), (Series 2014A) Daily VRDNs, (Landesbank Hessen-Thuringen LOC), 0.320%, 5/2/2022 | 2,500,000 | |
1,500,000 | New York State HFA (160 Madison Avenue), (2013 Series A) Daily VRDNs, (Landesbank Hessen-Thuringen LOC), 0.320%, 5/2/2022 | 1,500,000 | |
1,350,000 | New York State HFA (326 Riverdale Owners LLC), (Series 2008A: 330 Riverdale Avenue Apartments) Weekly VRDNs, (Bank of America N.A. LOC), 0.400%, 5/4/2022 | 1,350,000 | |
11,735,000 | New York State HFA (600 West 42nd Street), (2009 Series A) Weekly VRDNs, (FNMA LOC), 0.450%, 5/4/2022 | 11,735,000 | |
2,950,000 | New York State HFA, Tender Option Bond Trust Certificates (Series 2019-ZF2800) Weekly VRDNs, (Barclays Bank PLC LIQ), 0.480%, 5/5/2022 | 2,950,000 | |
2,025,000 | New York State Power Authority, Tender Option Bond Trust Receipts (Series 2020-XF0945) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 2,025,000 | |
2,250,000 | New York State Power Authority, Tender Option Bond Trust Receipts (Series 2020-XF0946) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 2,250,000 | |
3,000,000 | New York State Power Authority, Tender Option Bond Trust Receipts (Series 2020-XF0947) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.470%, 5/5/2022 | 3,000,000 | |
5,000,000 | New York State Power Authority, Tender Option Bond Trust Receipts (Series 2020-ZF0949) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.470%, 5/5/2022 | 5,000,000 | |
7,500,000 | New York State Urban Development Corp. (New York State Personal Income Tax Revenue Bond Fund), Tender Option Bond Trust Receipts (Series 2018-XM0636) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 7,500,000 | |
14,500,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 1) Weekly VRDPs, (Societe Generale, Paris LIQ), 0.490%, 5/5/2022 | 14,500,000 | |
10,000,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 5) Weekly VRDPs, (TD Bank, N.A. LIQ), 0.480%, 5/5/2022 | 10,000,000 | |
3,910,000 | Onondaga County, NY IDA (Syracuse Research Corp.), (Series 2007) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo LOC), 0.510%, 5/5/2022 | 3,910,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$ 1,235,000 | Port Authority of New York and New Jersey, Tender Option Bond Trust Certificates (2015-ZM0099) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.520%, 5/5/2022 | $ 1,235,000 | |
2,000,000 | Prattsburgh, NY CSD BANs, 1.000%, 6/24/2022 | 2,002,273 | |
800,000 | Rensselaer County, NY IDA (WMHT Educational Telecommunications), Civic Facility Revenue Bonds (Series 2003A) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo LOC), 0.510%, 5/5/2022 | 800,000 | |
3,522,778 | Rome, NY BANs, 1.000%, 6/15/2022 | 3,525,687 | |
6,435,000 | Romulus, NY CSD BANs, 1.000%, 6/24/2022 | 6,442,216 | |
2,000,000 | Sewanhaka, NY Central High School District TANs, 1.500%, 6/20/2022 | 2,003,132 | |
2,100,000 | Triborough Bridge & Tunnel Authority, NY, (Series B-2A) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 0.600%, 5/4/2022 | 2,100,000 | |
5,000,000 | Trust for Cultural Resources of the City of New York (American Museum of Natural History), (Series 2014 B2) TOBs, 0.480% (SIFMA 7-day +0.040%), Mandatory Tender 8/29/2022 | 5,000,000 | |
7,250,000 | Trust for Cultural Resources of the City of New York (American Museum of Natural History), (Series B1) TOBs, 0.590%, Mandatory Tender 12/29/2022 | 7,250,000 | |
4,030,000 | Utica, NY Industrial Development Agency Civic Facility (Munson-Williams- Proctor Arts Institute), (Series 2006) Weekly VRDNs, (Citizens Bank, N.A., Providence LOC), 0.500%, 5/5/2022 | 4,030,000 | |
3,265,000 | Watertown, NY Enlarged City School District BANs, 1.000%, 6/28/2022 | 3,268,881 | |
2,500,000 | Watervliet, NY City School District BANs, 3.250%, 4/26/2023 | 2,526,531 | |
TOTAL INVESTMENT IN SECURITIES—99.1% (AT AMORTIZED COST)2 | 305,167,995 | ||
OTHER ASSETS AND LIABILITIES - NET—0.9%3 | 2,915,662 | ||
TOTAL NET ASSETS—100% | $308,083,657 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Also represents cost for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
BANs | —Bond Anticipation Notes | |
CSD | —Central School District | |
FNMA | —Federal National Mortgage Association | |
HFA | —Housing Finance Authority | |
IDA | —Industrial Development Authority | |
INS | —Insured | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
SIFMA | —Securities Industry and Financial Markets Association | |
TANs | —Tax Anticipation Notes | |
TOBs | —Tender Option Bonds | |
UFSD | —Union Free School District | |
VRDNs | —Variable Rate Demand Notes | |
VRDPs | —Variable Rate Demand Preferreds | |
VRENs | —Variable Rate Extendible Notes |
Six Months Ended (unaudited) 4/30/2022 | Year Ended October 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 | 0.013 | 0.011 | 0.006 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | — | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.0001 | 0.006 | 0.013 | 0.011 | 0.0061 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.006) | (0.013) | (0.011) | (0.006) |
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) | (0.013) | (0.011) | (0.006) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.03% | 0.01% | 0.58% | 1.33% | 1.08% | 0.56% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.19%4 | 0.21% | 0.32% | 0.32% | 0.32% | 0.32% |
Net investment income | 0.05%4 | 0.01% | 0.64% | 1.31% | 1.10% | 0.58% |
Expense waiver/reimbursement5 | 0.43%4 | 0.34% | 0.19% | 0.17% | 0.25% | 0.34% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $106,874 | $111,555 | $179,225 | $326,684 | $211,511 | $111,061 |
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) 4/30/2022 | Year Ended October 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 | 0.009 | 0.003 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | — | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.004 | 0.011 | 0.009 | 0.0031 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.004) | (0.011) | (0.009) | (0.003) |
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) | (0.009) | (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% | 0.43% | 1.11% | 0.86% | 0.34% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.24%4 | 0.20% | 0.46% | 0.54% | 0.54% | 0.54% |
Net investment income | 0.01%4 | 0.01% | 0.42% | 1.09% | 0.82% | 0.35% |
Expense waiver/reimbursement5 | 0.89%4 | 0.84% | 0.55% | 0.45% | 0.55% | 0.62% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $164,783 | $182,028 | $221,000 | $219,665 | $28,662 | $64,510 |
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) 4/30/2022 | Year Ended October 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 | 0.003 | 0.009 | 0.006 | 0.001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | — | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.003 | 0.009 | 0.006 | 0.0011 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.003) | (0.009) | (0.006) | (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 | (0.003) | (0.009) | (0.006) | (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% | 0.32% | 0.87% | 0.63% | 0.13% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.24%4 | 0.20% | 0.61% | 0.77% | 0.77% | 0.76% |
Net investment income | 0.01%4 | 0.01% | 0.37% | 0.87% | 0.62% | 0.13% |
Expense waiver/reimbursement5 | 0.89%4 | 0.85% | 0.40% | 0.22% | 0.32% | 0.41% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $5,382 | $8,058 | $7,515 | $9,952 | $9,535 | $10,982 |
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) 4/30/2022 | Year Ended October 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 | 0.002 | 0.006 | 0.004 | 0.0001 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | — | 0.0001 |
Total From Investment Operations | 0.0001 | 0.0001 | 0.002 | 0.006 | 0.004 | 0.0001 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.002) | (0.006) | (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 | (0.002) | (0.006) | (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% | 0.01% | 0.21% | 0.62% | 0.38% | 0.01% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.24%4 | 0.19% | 0.71% | 1.02% | 1.02% | 0.86% |
Net investment income | 0.01%4 | 0.01% | 0.21% | 0.63% | 0.33% | 0.01% |
Expense waiver/reimbursement5 | 1.24%4 | 1.20% | 0.65% | 0.32% | 0.42% | 0.65% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $31,045 | $28,468 | $26,151 | $25,450 | $35,414 | $141,388 |
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. |
April 30, 2022 (unaudited)
Assets: | |
Investment in securities, at amortized cost and fair value | $305,167,995 |
Cash | 2,476,132 |
Income receivable | 725,702 |
Receivable for shares sold | 6,248 |
Total Assets | 308,376,077 |
Liabilities: | |
Payable for shares redeemed | 16,704 |
Income distribution payable | 3,535 |
Payable for investment adviser fee (Note 4) | 3,320 |
Payable for administrative fee (Note 4) | 1,322 |
Payable for transfer agent fees | 164,349 |
Payable for legal fees | 8,471 |
Payable for portfolio accounting fees | 34,076 |
Payable for distribution services fee (Note 4) | 11,338 |
Payable for other service fees (Notes 2 and 4) | 39,503 |
Accrued expenses (Note 4) | 9,802 |
Total Liabilities | 292,420 |
Net assets for 308,034,818 shares outstanding | $308,083,657 |
Net Assets Consist of: | |
Paid-in capital | $308,034,818 |
Total distributable earnings (loss) | 48,839 |
Total Net Assets | $308,083,657 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Wealth Shares: | |
$106,874,220 ÷ 106,857,862 outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$164,783,154 ÷ 164,756,662 outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$5,381,561 ÷ 5,380,453 outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$31,044,722 ÷ 31,039,841 outstanding, no par value, unlimited shares authorized | $1.00 |
Six Months Ended April 30, 2022 (unaudited)
Investment Income: | |
Interest | $401,787 |
Expenses: | |
Investment adviser fee (Note 4) | 488,931 |
Administrative fee (Note 4) | 128,169 |
Custodian fees | 5,621 |
Transfer agent fees (Note 2) | 260,251 |
Directors’/Trustees’ fees (Note 4) | 1,045 |
Auditing fees | 10,414 |
Legal fees | 1,683 |
Portfolio accounting fees | 65,659 |
Distribution services fee (Note 4) | 320,170 |
Other service fees (Notes 2 and 4) | 263,565 |
Share registration costs | 38,084 |
Printing and postage | 10,479 |
Miscellaneous (Note 4) | 4,673 |
TOTAL EXPENSES | 1,598,744 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 4) | (456,665) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (781,105) |
TOTAL WAIVERS AND REIMBURSEMENTS | (1,237,770) |
Net expenses | 360,974 |
Net investment income | 40,813 |
Net realized gain on investments | 40,276 |
Change in net assets resulting from operations | $81,089 |
Six Months Ended (unaudited) 4/30/2022 | Year Ended 10/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $40,813 | $33,037 |
Net realized gain (loss) | 40,276 | 20,869 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 81,089 | 53,906 |
Distributions to Shareholders: | ||
Wealth Shares | (37,687) | (13,867) |
Service Shares | (19,723) | (19,522) |
Cash II Shares | (607) | (817) |
Cash Series Shares | (3,660) | (3,182) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (61,677) | (37,388) |
Share Transactions: | ||
Proceeds from sale of shares | 139,880,737 | 376,418,847 |
Net asset value of shares issued to shareholders in payment of distributions declared | 52,857 | 34,492 |
Cost of shares redeemed | (161,978,714) | (480,252,520) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (22,045,120) | (103,799,181) |
Change in net assets | (22,025,708) | (103,782,663) |
Net Assets: | ||
Beginning of period | 330,109,365 | 433,892,028 |
End of period | $308,083,657 | $330,109,365 |
Transfer Agent Fees Incurred | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Wealth Shares | $91,366 | $(41,438) |
Service Shares | 138,951 | (63,621) |
Cash II Shares | 4,255 | (1,959) |
Cash Series Shares | 25,679 | (11,672) |
TOTAL | $260,251 | $(118,690) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $216,640 | $(17,218) | $(170,686) |
Cash II Shares | 6,605 | (56) | (6,544) |
Cash Series Shares | 40,320 | — | (40,320) |
TOTAL | $263,565 | $(17,274) | $(217,550) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Wealth Shares: | Shares | Amount | Shares | Amount |
Shares sold | 47,468,537 | $47,468,537 | 152,940,657 | $152,940,657 |
Shares issued to shareholders in payment of distributions declared | 28,952 | 28,952 | 11,089 | 11,089 |
Shares redeemed | (52,184,347) | (52,184,347) | (220,626,853) | (220,626,853) |
NET CHANGE RESULTING FROM WEALTH SHARE TRANSACTIONS | (4,686,858) | $(4,686,858) | (67,675,107) | $(67,675,107) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 59,529,746 | $59,529,746 | 162,103,430 | $162,103,430 |
Shares issued to shareholders in payment of distributions declared | 19,675 | 19,675 | 19,426 | 19,426 |
Shares redeemed | (76,804,947) | (76,804,947) | (201,104,108) | (201,104,108) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (17,255,526) | $(17,255,526) | (38,981,252) | $(38,981,252) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 880,285 | $880,285 | 11,750,445 | $11,750,445 |
Shares issued to shareholders in payment of distributions declared | 607 | 607 | 816 | 816 |
Shares redeemed | (3,558,048) | (3,558,048) | (11,208,912) | (11,208,912) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | (2,677,156) | $(2,677,156) | 542,349 | $542,349 |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 32,002,169 | $32,002,169 | 49,624,315 | $49,624,315 |
Shares issued to shareholders in payment of distributions declared | 3,623 | 3,623 | 3,161 | 3,161 |
Shares redeemed | (29,431,372) | (29,431,372) | (47,312,647) | (47,312,647) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | 2,574,420 | $2,574,420 | 2,314,829 | $2,314,829 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (22,045,120) | $(22,045,120) | (103,799,181) | $(103,799,181) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Service Shares | 0.25% |
Cash II Shares | 0.25% |
Cash Series Shares | 0.60% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Service Shares | $216,797 | $(208,354) |
Cash II Shares | 6,606 | (5,449) |
Cash Series Shares | 96,767 | (89,846) |
TOTAL | $320,170 | $(303,649) |
Beginning Account Value 11/1/2021 | Ending Account Value 4/30/2022 | Expenses Paid During Period1 | |
Actual: | |||
Wealth Shares | $1,000 | $1,000.30 | $0.942 |
Service Shares | $1,000 | $1,000.10 | $1.193 |
Cash II Shares | $1,000 | $1,000.10 | $1.194 |
Cash Series Shares | $1,000 | $1,000.10 | $1.195 |
Hypothetical (assuming a 5% return before expenses): | |||
Wealth Shares | $1,000 | $1,023.85 | $0.952 |
Service Shares | $1,000 | $1,023.60 | $1.203 |
Cash II Shares | $1,000 | $1,023.60 | $1.204 |
Cash Series Shares | $1,000 | $1,023.60 | $1.205 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Wealth Shares | 0.19% |
Service Shares | 0.24% |
Cash II Shares | 0.24% |
Cash Series Shares | 0.24% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Wealth Shares current Fee Limit of 0.32% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.59 and $1.61, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Service Shares current Fee Limit of 0.54% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.68 and $2.71, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash II Shares current Fee Limit of 0.77% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $3.82 and $3.86, respectively. |
5 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Cash Series Shares current Fee Limit of 1.02% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $5.06 and $5.11, respectively. |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N294
CUSIP 60934N310
CUSIP 608919866
Share Class | Ticker | Wealth | NISXX |
Federated Hermes New York Municipal Cash Trust
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Variable Rate Demand Instruments | 74.3% |
Municipal Notes | 24.8% |
Other Assets and Liabilities—Net2 | 0.9% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for a description of these investments. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 71.5% |
8-30 Days | 0.5% |
31-90 Days | 21.3% |
91-180 Days | 2.6% |
181 Days or more | 3.2% |
Other Assets and Liabilities—Net2 | 0.9% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— 99.1% | ||
New York— 99.1% | |||
$ 595,000 | Albany, NY IDA (Albany Local Development Corp.), (Series 2002: Corning Preserve/Hudson Riverfront) Weekly VRDNs, (KeyBank, N.A. LOC), 0.550%, 5/5/2022 | $ 595,000 | |
3,800,000 | Albany, NY IDA (Renaissance Corporation of Albany), (Series 2004) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo LOC), 0.510%, 5/5/2022 | 3,800,000 | |
4,000,000 | Alfred Almond, NY CSD BANs, 1.000%, 6/14/2022 | 3,999,486 | |
5,700,000 | Arkport, NY CSD BANs, 1.000%, 6/23/2022 | 5,699,106 | |
1,200,000 | Battery Park, NY City Authority, (Series 2019D) Weekly VRDNs, (TD Bank, N.A. LIQ), 0.430%, 5/5/2022 | 1,200,000 | |
3,975,000 | Battery Park, NY City Authority, RBC Muni Products (Series 2019-E-137) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.470%, 5/5/2022 | 3,975,000 | |
2,948,540 | Chemung County, NY BANs, 1.000%, 10/14/2022 | 2,957,753 | |
2,263,050 | Cold Spring, NY BANs, 1.500%, 5/6/2022 | 2,263,408 | |
2,000,000 | Cooperstown, NY CSD BANs, 1.000%, 6/30/2022 | 2,002,626 | |
1,140,000 | East Hampton, NY Union Free School District TANs, 1.500%, 6/24/2022 | 1,141,859 | |
3,140,000 | Ellicottville, NY CSD, (Series A) BANs, 1.500%, 6/23/2022 | 3,145,727 | |
6,315,000 | Elmira, NY City School District BANs, 1.500%, 6/24/2022 | 6,318,100 | |
3,000,000 | Elwood, NY Union Free School District TANs, 1.250%, 6/24/2022 | 3,003,867 | |
3,325,000 | Erie County, NY IDA (Our Lady of Victory Renaissance Corporation), (Series 2007A) Weekly VRDNs, (HSBC Bank USA, N.A. LOC), 0.470%, 5/5/2022 | 3,325,000 | |
2,000,000 | Garrison, NY UFSD BANs, 1.000%, 6/30/2022 | 2,002,456 | |
2,880,000 | Hastings, NY BANs, 1.000%, 6/30/2022 | 2,883,494 | |
6,750,000 | Hudson Yards Infrastructure Corp. NY, Tender Option Bond Trust Certificates (Series 2020-XF2859) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 0.520%, 5/5/2022 | 6,750,000 | |
5,030,000 | Hudson Yards Infrastructure Corp. NY, Tender Option Bond Trust Receipts (Series 2019-ZM0737) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.520%, 5/5/2022 | 5,030,000 | |
3,756,813 | Hyde Park, NY CSD BANs, 1.250%, 6/17/2022 | 3,759,567 | |
1,553,350 | Lima, NY BANs, 1.750%, 5/27/2022 | 1,554,927 | |
4,000,000 | Marlboro, NY CSD BANs, 1.250%, 6/29/2022 | 4,001,899 | |
5,000,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Tender Option Bond Trust Receipts (Series 2018-XM0697) Weekly VRDNs, (Bank of America N.A. LIQ)/(Bank of America N.A. LOC), 0.490%, 5/5/2022 | 5,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$16,685,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Tender Option Bond Trust Receipts (Series 2020-XF0917) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.530%, 5/5/2022 | $ 16,685,000 | |
16,670,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Tender Option Bond Trust Receipts (Series 2020-XM0826) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.530%, 5/5/2022 | 16,670,000 | |
13,330,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Tender Option Bond Trust Receipts (Series 2020-XM0835) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 0.530%, 5/5/2022 | 13,330,000 | |
2,685,000 | Monroe County, NY IDA (Continuing Developmental Services, Inc.), (Series 2007) Weekly VRDNs, (Citizens Bank, N.A., Providence LOC), 0.550%, 5/5/2022 | 2,685,000 | |
3,725,000 | Nassau County, NY, RBC Muni Products (Series 2018 G-5) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 0.470%, 5/5/2022 | 3,725,000 | |
8,000,000 | Nassau County, NY, Tender Option Bond Trust Certificates (Series 2019-XF2815) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Barclays Bank PLC LIQ), 0.520%, 5/5/2022 | 8,000,000 | |
8,700,000 | Nassau County, NY, Tender Option Bond Trust Certificates (Series 2019-XF2816) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Toronto Dominion Bank LIQ), 0.520%, 5/5/2022 | 8,700,000 | |
3,915,000 | New York City Housing Development Corp., Tender Option Bond Trust Certificates (Series 2019-ZF2787) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.470%, 5/5/2022 | 3,915,000 | |
1,150,000 | New York City, NY Municipal Water Finance Authority, Tender Option Bond Trust Receipts (Series 2021-XF2940) Weekly VRDNs, (UBS AG LIQ), 0.470%, 5/5/2022 | 1,150,000 | |
2,820,000 | New York City, NY Transitional Finance Authority, Future Tax Secured Subordinate Bonds (Series 2013C-5) Weekly VRDNs, (Sumitomo Mitsui Banking Corp. LIQ), 0.440%, 5/5/2022 | 2,820,000 | |
2,000,000 | New York City, NY, (Subseries A-2) Daily VRDNs, (Mizuho Bank Ltd. LOC), 0.330%, 5/2/2022 | 2,000,000 | |
500,000 | New York City, NY, (Subseries A-7) Daily VRDNs, (Bank of the West, San Francisco, CA LOC), 0.360%, 5/2/2022 | 500,000 | |
2,000,000 | New York City, NY, Fiscal 2018 (Subseries B-4) Daily VRDNs, (Barclays Bank PLC LIQ), 0.350%, 5/2/2022 | 2,000,000 | |
10,620,000 | New York City, NY, Stage Trust 3a-7 (Series 2020-003) VRENs, (Wells Fargo Bank, N.A. LIQ), 0.590%, 5/5/2022 | 10,620,000 | |
1,830,000 | New York Liberty Development Corporation (4 World Trade Center LLC), (Series-XG0350) Weekly VRDNs, (Bank of America N.A. LIQ)/(Bank of America N.A. LOC), 0.470%, 5/5/2022 | 1,830,000 | |
3,750,000 | New York State Dormitory Authority (New York State Personal Income Tax Revenue Bond Fund), Tender Option Bond Trust Receipts (Series 2020-XF0951) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 3,750,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$ 4,600,000 | New York State Dormitory Authority (New York State Personal Income Tax Revenue Bond Fund), Tender Option Bond Trust Receipts (Series 2018-XG0218) Weekly VRDNs, (Bank of America N.A. LIQ), 0.470%, 5/5/2022 | $ 4,600,000 | |
3,000,000 | New York State Energy Research & Development Authority (Consolidated Edison Co.), (Series 2005A-3) Weekly VRDNs, (Mizuho Bank Ltd. LOC), 0.450%, 5/4/2022 | 3,000,000 | |
3,750,000 | New York State HFA (10 Barclay Street Housing LLC), (Series A) Weekly VRDNs, (FNMA LOC), 0.400%, 5/4/2022 | 3,750,000 | |
12,625,000 | New York State HFA (100 Maiden Lane), (2004 Series A) Weekly VRDNs, (FNMA LOC), 0.400%, 5/4/2022 | 12,625,000 | |
2,500,000 | New York State HFA (160 Madison Avenue, LLC), (Series 2014A) Daily VRDNs, (Landesbank Hessen-Thuringen LOC), 0.320%, 5/2/2022 | 2,500,000 | |
1,500,000 | New York State HFA (160 Madison Avenue), (2013 Series A) Daily VRDNs, (Landesbank Hessen-Thuringen LOC), 0.320%, 5/2/2022 | 1,500,000 | |
1,350,000 | New York State HFA (326 Riverdale Owners LLC), (Series 2008A: 330 Riverdale Avenue Apartments) Weekly VRDNs, (Bank of America N.A. LOC), 0.400%, 5/4/2022 | 1,350,000 | |
11,735,000 | New York State HFA (600 West 42nd Street), (2009 Series A) Weekly VRDNs, (FNMA LOC), 0.450%, 5/4/2022 | 11,735,000 | |
2,950,000 | New York State HFA, Tender Option Bond Trust Certificates (Series 2019-ZF2800) Weekly VRDNs, (Barclays Bank PLC LIQ), 0.480%, 5/5/2022 | 2,950,000 | |
2,025,000 | New York State Power Authority, Tender Option Bond Trust Receipts (Series 2020-XF0945) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 2,025,000 | |
2,250,000 | New York State Power Authority, Tender Option Bond Trust Receipts (Series 2020-XF0946) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 2,250,000 | |
3,000,000 | New York State Power Authority, Tender Option Bond Trust Receipts (Series 2020-XF0947) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.470%, 5/5/2022 | 3,000,000 | |
5,000,000 | New York State Power Authority, Tender Option Bond Trust Receipts (Series 2020-ZF0949) Weekly VRDNs, (Toronto Dominion Bank LIQ), 0.470%, 5/5/2022 | 5,000,000 | |
7,500,000 | New York State Urban Development Corp. (New York State Personal Income Tax Revenue Bond Fund), Tender Option Bond Trust Receipts (Series 2018-XM0636) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.470%, 5/5/2022 | 7,500,000 | |
14,500,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 1) Weekly VRDPs, (Societe Generale, Paris LIQ), 0.490%, 5/5/2022 | 14,500,000 | |
10,000,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 5) Weekly VRDPs, (TD Bank, N.A. LIQ), 0.480%, 5/5/2022 | 10,000,000 | |
3,910,000 | Onondaga County, NY IDA (Syracuse Research Corp.), (Series 2007) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo LOC), 0.510%, 5/5/2022 | 3,910,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$ 1,235,000 | Port Authority of New York and New Jersey, Tender Option Bond Trust Certificates (2015-ZM0099) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 0.520%, 5/5/2022 | $ 1,235,000 | |
2,000,000 | Prattsburgh, NY CSD BANs, 1.000%, 6/24/2022 | 2,002,273 | |
800,000 | Rensselaer County, NY IDA (WMHT Educational Telecommunications), Civic Facility Revenue Bonds (Series 2003A) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo LOC), 0.510%, 5/5/2022 | 800,000 | |
3,522,778 | Rome, NY BANs, 1.000%, 6/15/2022 | 3,525,687 | |
6,435,000 | Romulus, NY CSD BANs, 1.000%, 6/24/2022 | 6,442,216 | |
2,000,000 | Sewanhaka, NY Central High School District TANs, 1.500%, 6/20/2022 | 2,003,132 | |
2,100,000 | Triborough Bridge & Tunnel Authority, NY, (Series B-2A) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 0.600%, 5/4/2022 | 2,100,000 | |
5,000,000 | Trust for Cultural Resources of the City of New York (American Museum of Natural History), (Series 2014 B2) TOBs, 0.480% (SIFMA 7-day +0.040%), Mandatory Tender 8/29/2022 | 5,000,000 | |
7,250,000 | Trust for Cultural Resources of the City of New York (American Museum of Natural History), (Series B1) TOBs, 0.590%, Mandatory Tender 12/29/2022 | 7,250,000 | |
4,030,000 | Utica, NY Industrial Development Agency Civic Facility (Munson-Williams- Proctor Arts Institute), (Series 2006) Weekly VRDNs, (Citizens Bank, N.A., Providence LOC), 0.500%, 5/5/2022 | 4,030,000 | |
3,265,000 | Watertown, NY Enlarged City School District BANs, 1.000%, 6/28/2022 | 3,268,881 | |
2,500,000 | Watervliet, NY City School District BANs, 3.250%, 4/26/2023 | 2,526,531 | |
TOTAL INVESTMENT IN SECURITIES—99.1% (AT AMORTIZED COST)2 | 305,167,995 | ||
OTHER ASSETS AND LIABILITIES - NET—0.9%3 | 2,915,662 | ||
TOTAL NET ASSETS—100% | $308,083,657 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Also represents cost for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
BANs | —Bond Anticipation Notes | |
CSD | —Central School District | |
FNMA | —Federal National Mortgage Association | |
HFA | —Housing Finance Authority | |
IDA | —Industrial Development Authority | |
INS | —Insured | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
SIFMA | —Securities Industry and Financial Markets Association | |
TANs | —Tax Anticipation Notes | |
TOBs | —Tender Option Bonds | |
UFSD | —Union Free School District | |
VRDNs | —Variable Rate Demand Notes | |
VRDPs | —Variable Rate Demand Preferreds | |
VRENs | —Variable Rate Extendible Notes |
Six Months Ended (unaudited) 4/30/2022 | Year Ended October 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 | 0.013 | 0.011 | 0.006 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | — | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.0001 | 0.0001 | 0.006 | 0.013 | 0.011 | 0.0061 |
Less Distributions: | ||||||
Distributions from net investment income | (0.000)1 | (0.000)1 | (0.006) | (0.013) | (0.011) | (0.006) |
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) | (0.013) | (0.011) | (0.006) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.03% | 0.01% | 0.58% | 1.33% | 1.08% | 0.56% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.19%4 | 0.21% | 0.32% | 0.32% | 0.32% | 0.32% |
Net investment income | 0.05%4 | 0.01% | 0.64% | 1.31% | 1.10% | 0.58% |
Expense waiver/reimbursement5 | 0.43%4 | 0.34% | 0.19% | 0.17% | 0.25% | 0.34% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $106,874 | $111,555 | $179,225 | $326,684 | $211,511 | $111,061 |
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. |
April 30, 2022 (unaudited)
Assets: | |
Investment in securities, at amortized cost and fair value | $305,167,995 |
Cash | 2,476,132 |
Income receivable | 725,702 |
Receivable for shares sold | 6,248 |
Total Assets | 308,376,077 |
Liabilities: | |
Payable for shares redeemed | 16,704 |
Income distribution payable | 3,535 |
Payable for investment adviser fee (Note 4) | 3,320 |
Payable for administrative fee (Note 4) | 1,322 |
Payable for transfer agent fees | 164,349 |
Payable for legal fees | 8,471 |
Payable for portfolio accounting fees | 34,076 |
Payable for distribution services fee (Note 4) | 11,338 |
Payable for other service fees (Notes 2 and 4) | 39,503 |
Accrued expenses (Note 4) | 9,802 |
Total Liabilities | 292,420 |
Net assets for 308,034,818 shares outstanding | $308,083,657 |
Net Assets Consist of: | |
Paid-in capital | $308,034,818 |
Total distributable earnings (loss) | 48,839 |
Total Net Assets | $308,083,657 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Wealth Shares: | |
$106,874,220 ÷ 106,857,862 outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$164,783,154 ÷ 164,756,662 outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$5,381,561 ÷ 5,380,453 outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$31,044,722 ÷ 31,039,841 outstanding, no par value, unlimited shares authorized | $1.00 |
Six Months Ended April 30, 2022 (unaudited)
Investment Income: | |
Interest | $401,787 |
Expenses: | |
Investment adviser fee (Note 4) | 488,931 |
Administrative fee (Note 4) | 128,169 |
Custodian fees | 5,621 |
Transfer agent fees (Note 2) | 260,251 |
Directors’/Trustees’ fees (Note 4) | 1,045 |
Auditing fees | 10,414 |
Legal fees | 1,683 |
Portfolio accounting fees | 65,659 |
Distribution services fee (Note 4) | 320,170 |
Other service fees (Notes 2 and 4) | 263,565 |
Share registration costs | 38,084 |
Printing and postage | 10,479 |
Miscellaneous (Note 4) | 4,673 |
TOTAL EXPENSES | 1,598,744 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 4) | (456,665) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (781,105) |
TOTAL WAIVERS AND REIMBURSEMENTS | (1,237,770) |
Net expenses | 360,974 |
Net investment income | 40,813 |
Net realized gain on investments | 40,276 |
Change in net assets resulting from operations | $81,089 |
Six Months Ended (unaudited) 4/30/2022 | Year Ended 10/31/2021 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $40,813 | $33,037 |
Net realized gain (loss) | 40,276 | 20,869 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 81,089 | 53,906 |
Distributions to Shareholders: | ||
Wealth Shares | (37,687) | (13,867) |
Service Shares | (19,723) | (19,522) |
Cash II Shares | (607) | (817) |
Cash Series Shares | (3,660) | (3,182) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (61,677) | (37,388) |
Share Transactions: | ||
Proceeds from sale of shares | 139,880,737 | 376,418,847 |
Net asset value of shares issued to shareholders in payment of distributions declared | 52,857 | 34,492 |
Cost of shares redeemed | (161,978,714) | (480,252,520) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (22,045,120) | (103,799,181) |
Change in net assets | (22,025,708) | (103,782,663) |
Net Assets: | ||
Beginning of period | 330,109,365 | 433,892,028 |
End of period | $308,083,657 | $330,109,365 |
Transfer Agent Fees Incurred | Transfer Agent Fees Waived by Unaffiliated Third Parties | |
Wealth Shares | $91,366 | $(41,438) |
Service Shares | 138,951 | (63,621) |
Cash II Shares | 4,255 | (1,959) |
Cash Series Shares | 25,679 | (11,672) |
TOTAL | $260,251 | $(118,690) |
Other Service Fees Incurred | Other Service Fees Reimbursed | Other Service Fees Waived by Unaffiliated Third Parties | |
Service Shares | $216,640 | $(17,218) | $(170,686) |
Cash II Shares | 6,605 | (56) | (6,544) |
Cash Series Shares | 40,320 | — | (40,320) |
TOTAL | $263,565 | $(17,274) | $(217,550) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Wealth Shares: | Shares | Amount | Shares | Amount |
Shares sold | 47,468,537 | $47,468,537 | 152,940,657 | $152,940,657 |
Shares issued to shareholders in payment of distributions declared | 28,952 | 28,952 | 11,089 | 11,089 |
Shares redeemed | (52,184,347) | (52,184,347) | (220,626,853) | (220,626,853) |
NET CHANGE RESULTING FROM WEALTH SHARE TRANSACTIONS | (4,686,858) | $(4,686,858) | (67,675,107) | $(67,675,107) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 59,529,746 | $59,529,746 | 162,103,430 | $162,103,430 |
Shares issued to shareholders in payment of distributions declared | 19,675 | 19,675 | 19,426 | 19,426 |
Shares redeemed | (76,804,947) | (76,804,947) | (201,104,108) | (201,104,108) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (17,255,526) | $(17,255,526) | (38,981,252) | $(38,981,252) |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 880,285 | $880,285 | 11,750,445 | $11,750,445 |
Shares issued to shareholders in payment of distributions declared | 607 | 607 | 816 | 816 |
Shares redeemed | (3,558,048) | (3,558,048) | (11,208,912) | (11,208,912) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | (2,677,156) | $(2,677,156) | 542,349 | $542,349 |
Six Months Ended 4/30/2022 | Year Ended 10/31/2021 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 32,002,169 | $32,002,169 | 49,624,315 | $49,624,315 |
Shares issued to shareholders in payment of distributions declared | 3,623 | 3,623 | 3,161 | 3,161 |
Shares redeemed | (29,431,372) | (29,431,372) | (47,312,647) | (47,312,647) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | 2,574,420 | $2,574,420 | 2,314,829 | $2,314,829 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (22,045,120) | $(22,045,120) | (103,799,181) | $(103,799,181) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Service Shares | 0.25% |
Cash II Shares | 0.25% |
Cash Series Shares | 0.60% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Service Shares | $216,797 | $(208,354) |
Cash II Shares | 6,606 | (5,449) |
Cash Series Shares | 96,767 | (89,846) |
TOTAL | $320,170 | $(303,649) |
Beginning Account Value 11/1/2021 | Ending Account Value 4/30/2022 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,000.30 | $0.942 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,023.85 | $0.952 |
1 | Expenses are equal to the Fund’s annualized net expense ratios of 0.19%, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half-year period). |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Wealth Shares current Fee Limit of 0.32% (as reflected in the Notes to Financial Statements, Note 4 under Expense Limitation), multiplied by the average account value over the period, multiplied by 181/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.59 and $1.61, respectively. |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
Item 2. | Code of Ethics |
Not Applicable
Item 3. | Audit Committee Financial Expert |
Not Applicable
Item 4. | Principal Accountant Fees and Services |
Not Applicable
Item 5. | Audit Committee of Listed Registrants |
Not Applicable
Item 6. | Schedule of Investments |
(a) The registrant’s Schedule of Investments is included as part of the Report to Stockholders filed under Item 1 of this form.
(b) Not Applicable; Fund had no divestments during the reporting period covered since the previous Form N-CSR filing.
Item 7. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies |
Not Applicable
Item 8. | Portfolio Managers of Closed-End Management Investment Companies |
Not Applicable
Item 9. | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers |
Not Applicable
Item 10. | Submission of Matters to a Vote of Security Holders |
No Changes to Report
Item 11. | Controls and Procedures |
(a) The registrant’s President and Treasurer have concluded that the
registrant’s disclosure controls and procedures (as defined in rule 30a-3(c) under the Act) are effective in design and operation and are sufficient to form the basis of the certifications required by Rule 30a-(2) under the Act, based on their evaluation of these disclosure controls and procedures within 90 days of the filing date of this report on Form N-CSR.
(b) There were no changes in the registrant’s internal control over financial reporting (as defined in rule 30a-3(d) under the Act) during the 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 June 22, 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 June 22, 2022
By /S/ Lori A. Hensler
Lori A. Hensler, Principal Financial Officer
Date June 22, 2022