United States
Securities and Exchange Commission
Washington, D.C. 20549
Form N-CSR
Certified Shareholder Report of Registered Management Investment Companies
811-5950
(Investment Company Act File Number)
Federated Hermes Money Market Obligations Trust
______________________________________________________________
(Exact Name of Registrant as Specified in Charter)
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
(Address of Principal Executive Offices)
(412) 288-1900
(Registrant's Telephone Number)
Peter J. Germain, Esquire
1001 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3779
(Name and Address of Agent for Service)
(Notices should be sent to the Agent for Service)
Date of Fiscal Year End: 07/31/23
Date of Reporting Period: Six months ended 01/31/23
Item 1. | Reports to Stockholders |
Ticker FRFXX |
Federated Hermes Capital Reserves Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Variable Rate Instruments | 49.5% |
Commercial Paper | 31.1% |
Bank Instruments | 7.7% |
Other Repurchase Agreements and Repurchase Agreements | 10.5% |
U.S. Treasury | 0.2% |
Cash Equivalent2 | 0.7% |
Other Assets and Liabilities—Net3 | 0.3% |
TOTAL | 100% |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 80.0%5 |
8-30 Days | 5.2% |
31-90 Days | 7.7% |
91-180 Days | 2.8% |
181 Days or more | 4.0% |
Other Assets and Liabilities—Net3 | 0.3% |
TOTAL | 100% |
Principal Amount or Shares | Value | ||
1 | COMMERCIAL PAPER—31.1% | ||
Aerospace / Auto—5.3% | |||
$125,000,000 | American Honda Finance Corp., (Honda Motor Co., Ltd. Support Agreement), 4.992%—5.017%, 3/7/2023 - 4/18/2023 | $123,982,294 | |
101,000,000 | Mercedes-Benz Finance NA LLC, (Guaranteed by Mercedes-Benz Group AG), 4.828%—4.831%, 2/1/2023 - 2/2/2023 | 100,988,000 | |
TOTAL | 224,970,294 | ||
Banking—3.5% | |||
13,000,000 | Canadian Imperial Bank of Commerce, 2.069%, 3/20/2023 | 12,965,580 | |
100,000,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 5.160%, 8/28/2023 | 100,000,000 | |
15,000,000 | National Australia Bank Ltd., Melbourne, 3.865%, 6/15/2023 | 14,792,300 | |
10,000,000 | Royal Bank of Canada, 5.522%, 10/31/2023 | 9,604,845 | |
12,000,000 | Toronto Dominion Bank, 2.051%, 3/17/2023 | 11,970,520 | |
TOTAL | 149,333,245 | ||
Chemicals—6.2% | |||
100,000,000 | BASF SE, 4.549%—4.560%, 2/2/2023 | 99,987,403 | |
160,000,000 | PPG Industries, Inc., 4.531%—4.769%, 2/1/2023 - 2/2/2023 | 159,989,972 | |
TOTAL | 259,977,375 | ||
Electric Power—9.1% | |||
200,000,000 | Duke Energy Corp., 4.500%, 2/1/2023 | 200,000,000 | |
30,000,000 | EverSource Energy, 4.646%, 2/6/2023 | 29,980,708 | |
155,000,000 | NextEra Energy Capital Holdings, Inc., 4.667%—4.671%, 2/3/2023 - 2/17/2023 | 154,850,167 | |
TOTAL | 384,830,875 | ||
Finance - Retail—1.2% | |||
50,000,000 | Old Line Funding, LLC, 4.960%, 8/2/2023 | 48,746,222 | |
Food & Beverage—1.3% | |||
53,000,000 | Mondelez International, Inc., 4.501%—4.637%, 2/1/2023 | 53,000,000 | |
Health Care—1.1% | |||
45,000,000 | McKesson Corp., 4.530%, 2/1/2023 | 45,000,000 | |
Mining—1.1% | |||
45,000,000 | Nutrien Ltd., 4.763%—4.870%, 2/6/2023 - 3/6/2023 | 44,894,774 | |
Telecommunications—1.8% | |||
75,000,000 | Bell Canada, 4.718%—4.747%, 2/2/2023 - 2/15/2023 | 74,911,583 |
Principal Amount or Shares | Value | ||
1 | COMMERCIAL PAPER—continued | ||
Waste Management—0.5% | |||
$20,000,000 | Waste Management, Inc., (Waste Management Holdings, Inc. GTD), 4.941%, 2/8/2023 | $19,980,944 | |
TOTAL COMMERCIAL PAPER | 1,305,645,312 | ||
2 | NOTES-VARIABLE—49.5% | ||
Banking—32.4% | |||
75,000,000 | Bank of Montreal, 4.860% (SOFR+0.560%), 2/1/2023 | 75,000,000 | |
25,000,000 | Bank of Montreal, 5.050% (SOFR+0.750%), 2/1/2023 | 25,000,000 | |
50,000,000 | Bank of Nova Scotia, Toronto, 4.830% (SOFR+0.530%), 2/1/2023 | 50,000,000 | |
50,000,000 | Bank of Nova Scotia, Toronto, 4.970% (SOFR+0.670%), 2/1/2023 | 50,000,000 | |
50,000,000 | Bank of Nova Scotia, Toronto, 5.050% (SOFR+0.750%), 2/1/2023 | 50,000,000 | |
9,200,000 | Bragg 2019 Family Trust No. 1, Series 2019, (BOKF, N.A. LOC), 4.470%, 2/2/2023 | 9,200,000 | |
51,210,000 | Byron H. Rubin as Trustee of the Gerald J. Rubin Special Trust No. 1, UAD June 23, 2016, (Comerica Bank LOC), 4.480%, 2/2/2023 | 51,210,000 | |
75,000,000 | Canadian Imperial Bank of Commerce, 4.860% (SOFR+0.560%), 2/1/2023 | 75,000,000 | |
50,000,000 | Canadian Imperial Bank of Commerce, 4.860% (SOFR+0.560%), 2/1/2023 | 50,000,000 | |
35,080,000 | Carol Allen Family Liquidity Trust, (Comerica Bank LOC), 4.430%, 2/2/2023 | 35,080,000 | |
25,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.800% (SOFR+0.500%), 2/1/2023 | 25,000,000 | |
15,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.820% (SOFR+0.520%), 2/1/2023 | 15,000,000 | |
1,735,000 | Colorado Health Facilities Authority, Series 2016B, (UMB Bank, N.A. LOC), 4.710%, 2/2/2023 | 1,735,000 | |
11,300,000 | Connecticut Water Co., Series 2004, (Citizens Bank, N.A., Providence LOC), 4.760%, 2/1/2023 | 11,300,000 | |
6,750,000 | CT 2019 Irrevocable Trust, (BOKF, N.A. LOC), 4.470%, 2/2/2023 | 6,750,000 | |
17,625,000 | EG Irrevocable Life Insurance Trust, (BOKF, N.A. LOC), 4.470%, 2/2/2023 | 17,625,000 | |
9,590,000 | Eric and Lizzie Bommer Insurance Trust, (BOKF, N.A. LOC), 4.470%, 2/2/2023 | 9,590,000 | |
1,620,000 | Gannett Fleming, Inc., Series 2001, (Manufacturers & Traders Trust Co., Buffalo LOC), 4.470%, 2/3/2023 | 1,620,000 | |
4,725,000 | GM Enterprises of Oregon, Inc., Series 2017, (Bank of the West, San Francisco, CA LOC), 4.400%, 2/2/2023 | 4,725,000 | |
23,445,000 | J.R. Adventures Insurance Trust, (BOKF, N.A. LOC), 4.470%, 2/2/2023 | 23,445,000 | |
8,120,000 | MBW Legacy Investments, LLC, (BOKF, N.A. LOC), 4.470%, 2/2/2023 | 8,120,000 |
Principal Amount or Shares | Value | ||
2 | NOTES-VARIABLE—continued | ||
Banking—continued | |||
$25,000,000 | MUFG Bank Ltd., 4.910% (SOFR+0.610%), 2/1/2023 | $25,000,000 | |
50,000,000 | MUFG Bank Ltd., 4.910% (SOFR+0.610%), 2/1/2023 | 50,000,000 | |
11,255,000 | NLS 2015 Irrevocable Trust, (BOKF, N.A. LOC), 4.470%, 2/2/2023 | 11,255,000 | |
25,000,000 | Nordea Bank Abp, 4.800% (SOFR+0.500%), 2/1/2023 | 25,000,000 | |
15,000,000 | Nuveen Credit Strategies Income Fund, Taxable Preferred Shares (Series A), (Societe Generale, Paris LOC), 4.620%, 2/1/2023 | 15,000,000 | |
17,500,000 | Nuveen Preferred Income Opportunities Fund, Taxable Preferred Shares (Series A), (Sumitomo Mitsui Trust Bank Ltd. LOC), 4.620%, 2/2/2023 | 17,500,000 | |
50,000,000 | Nuveen Preferred Securities Income Fund, Variable Rate Demand Note (Series A), (Barclays Bank plc LIQ), 4.620%, 2/2/2023 | 50,000,000 | |
9,280,000 | Opler 2013 Irrevocable Trust, (BOKF, N.A. LOC), 4.470%, 2/2/2023 | 9,280,000 | |
30,565,000 | RBS Insurance Trust, (BOKF, N.A. LOC), 4.470%, 2/2/2023 | 30,565,000 | |
11,240,000 | Richard F. Wilks Spousal Gifting Trust, (BOKF, N.A. LOC), 4.470%, 2/2/2023 | 11,240,000 | |
27,640,000 | Rockcrest, LLC, (BOKF, N.A. LOC), 4.470%, 2/2/2023 | 27,640,000 | |
90,000,000 | Royal Bank of Canada, 4.860% (SOFR+0.560%), 2/1/2023 | 90,000,000 | |
25,000,000 | Royal Bank of Canada, New York Branch, 4.880% (SOFR+0.580%), 2/1/2023 | 25,000,000 | |
13,875,000 | Steel Dust Recycling, LLC, Series 2016, (Comerica Bank LOC), 4.480%, 2/2/2023 | 13,875,000 | |
25,000,000 | Sumitomo Mitsui Trust Bank Ltd., 4.740% (SOFR+0.440%), 2/1/ 2023 | 25,000,000 | |
13,225,000 | Taxable Muni Funding Trust 2019-007, Taxable Municipal Funding Trust (Series 2019-007) VRDNs, (Barclays Bank plc LOC), 4.700%, 2/2/2023 | 13,225,000 | |
66,630,000 | Taxable Muni Funding Trust 2020-011, (Series 2020-011) VRDNs, (Barclays Bank plc LOC), 4.700%, 2/2/2023 | 66,630,000 | |
2,300,000 | Taxable Muni Funding Trust 2021-002, Barclays Taxable Muni Funding Trust (Series 2021-002) VRDNs, (Barclays Bank plc LOC), 4.700%, 2/2/2023 | 2,300,000 | |
2,800,000 | Taxable Muni Funding Trust 2021-007, (Series 2021-007) VRDNs, (Barclays Bank plc LOC), 4.700%, 2/2/2023 | 2,800,000 | |
21,000,000 | Taxable Muni Funding Trust 2021-008, Barclays Taxable Trust (Series 2021-008) VRDNs, (Barclays Bank plc LOC), 4.700%, 2/2/2023 | 21,000,000 | |
14,500,000 | Taxable Muni Funding Trust 2021-010, (Series 2021-010) VRDNs, (Barclays Bank plc LOC), 4.700%, 2/2/2023 | 14,500,000 | |
4,749,888 | Taxable Tender Option Bond Trust 2021-MIZ9060TX, (Series 2021-MIZ9060TX) VRDNs, (Mizuho Bank Ltd. GTD)/ (Mizuho Bank Ltd. LIQ), 4.590%, 2/1/2023 | 4,749,888 |
Principal Amount or Shares | Value | ||
2 | NOTES-VARIABLE—continued | ||
Banking—continued | |||
$6,500,000 | Taxable Tender Option Bond Trust 2021-MIZ9064TX, (Series 2021-MIZ9064TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.850%, 2/2/2023 | $6,500,000 | |
5,150,000 | Taxable Tender Option Bond Trust 2022-MIZ9084TX, (Series 2022-MIZ9084TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.850%, 2/2/2023 | 5,150,000 | |
3,800,000 | Taxable Tender Option Bond Trust 2022-MIZ9094TX, (Series 2022-MIZ9094TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.850%, 2/2/2023 | 3,800,000 | |
9,825,000 | The KVR Insurance Trust, Series 2014, (BOKF, N.A. LOC), 4.470%, 2/2/2023 | 9,825,000 | |
7,145,000 | The Raymon Lee Ince Irrevocable Trust, (BOKF, N.A. LOC), 4.470%, 2/2/2023 | 7,145,000 | |
25,000,000 | Toronto Dominion Bank, 4.550% (SOFR+0.250%), 2/1/2023 | 25,000,000 | |
90,000,000 | Toronto Dominion Bank, 4.820% (SOFR+0.520%), 2/1/2023 | 90,000,000 | |
7,305,000 | Tuttle Insurance Trust No. 2, Series 2015, (BOKF, N.A. LOC), 4.470%, 2/2/2023 | 7,305,000 | |
50,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.830% (SOFR+0.530%), 2/1/2023 | 50,000,000 | |
13,000,000 | Yavapai County, AZ IDA—Recovery Zone Facility (Drake Cement LLC), Taxble (Series 2015) Weekly VRDNs, (Bank of Nova Scotia, Toronto LOC), 4.400%, 2/2/2023 | 13,000,000 | |
TOTAL | 1,364,684,888 | ||
Finance - Commercial—1.9% | |||
50,000,000 | Atlantic Asset Securitization LLC, 4.690% (SOFR+0.390%), 2/1/ 2023 | 50,000,000 | |
30,000,000 | Atlantic Asset Securitization LLC, 4.820% (SOFR+0.520%), 2/1/2023 | 30,000,000 | |
TOTAL | 80,000,000 | ||
Finance - Retail—14.8% | |||
50,000,000 | Barton Capital S.A., 4.770% (SOFR+0.470%), 2/1/2023 | 50,000,000 | |
50,000,000 | Barton Capital S.A., 4.800% (SOFR+0.500%), 2/1/2023 | 50,000,000 | |
50,000,000 | Barton Capital S.A., 4.900% (SOFR+0.600%), 2/1/2023 | 50,000,000 | |
25,000,000 | Chariot Funding LLC, 4.620% (SOFR+0.320%), 2/1/2023 | 25,000,000 | |
50,000,000 | Chariot Funding LLC, 4.800% (SOFR+0.500%), 2/1/2023 | 50,000,000 | |
90,000,000 | Fairway Finance Co. LLC, 4.700% (SOFR+0.400%), 2/1/2023 | 90,000,000 | |
50,000,000 | Sheffield Receivables Company LLC, 4.700% (SOFR+0.400%), 2/1/2023 | 50,000,000 | |
25,000,000 | Sheffield Receivables Company LLC, 4.750% (SOFR+0.450%), 2/1/2023 | 25,000,000 | |
40,000,000 | Starbird Funding Corp., 4.660% (SOFR+0.360%), 2/1/2023 | 40,000,000 |
Principal Amount or Shares | Value | ||
2 | NOTES-VARIABLE—continued | ||
Finance - Retail—continued | |||
$40,000,000 | Starbird Funding Corp., 4.680% (SOFR+0.380%), 2/1/2023 | $40,000,000 | |
75,000,000 | Starbird Funding Corp., 4.840% (SOFR+0.540%), 2/1/2023 | 75,000,000 | |
30,000,000 | Starbird Funding Corp., 4.870% (SOFR+0.570%), 2/1/2023 | 30,000,000 | |
50,000,000 | Thunder Bay Funding, LLC, 4.670% (SOFR +0.370%), 2/1/2023 | 50,000,000 | |
TOTAL | 625,000,000 | ||
Government Agency—0.4% | |||
3,935,000 | Jerry P. Himmel Irrevocable Trust No. 1, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 3,935,000 | |
7,060,000 | Millbrook, AL Redevelopment Authority, RAM Millbrook Hospitality LLC Project, Series 2017, (Federal Home Loan Bank of New York LOC), 4.300%, 2/2/2023 | 7,060,000 | |
6,060,000 | Roberts Insurance Trusts, LLC, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 6,060,000 | |
TOTAL | 17,055,000 | ||
TOTAL NOTES-VARIABLE | 2,086,739,888 | ||
CERTIFICATES OF DEPOSIT—7.7% | |||
Banking—7.7% | |||
210,000,000 | Landesbank Baden-Wurttemberg, 4.370%—4.600%, 2/2/2023 - 2/3/2023 | 210,000,000 | |
40,000,000 | Toronto Dominion Bank, 3.750%—5.000%, 6/15/2023 - 9/26/2023 | 40,000,000 | |
75,000,000 | Westpac Banking Corp. Ltd., Sydney, 3.000%, 6/9/2023 | 75,000,000 | |
TOTAL CERTIFICATES OF DEPOSIT | 325,000,000 | ||
OTHER REPURCHASE AGREEMENTS—7.5% | |||
46,000,000 | Interest in $50,000,000 joint repurchase agreement, 4.40% dated 1/31/2023 under which BNP Paribas SA will repurchase the securities provided as collateral for $50,006,111 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were sovereign debt securities, corporate bonds and collateralized mortgage-backed obligations with various maturities to 10/25/2052 and the market value of those underlying securities was $51,006,233. | 46,000,000 | |
50,000,000 | Interest in $100,000,000 joint repurchase agreement, 5.11% dated 12/6/2022 under which BofA Securities, Inc. will repurchase the securities provided as collateral for $101,334,278 on 3/10/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were certificates of deposit and medium-term notes with various maturities to 7/1/2036 and the market value of those underlying securities was $102,013,826. | 50,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS—continued | |||
$50,000,000 | Interest in $110,000,000 joint repurchase agreement, 4.66% dated 12/13/2022 under which BofA Securities, Inc. will repurchase the securities provided as collateral for $110,840,094 on 2/10/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were corporate bonds and medium-term notes with various maturities to 1/1/2999 and the market value of those underlying securities was $112,213,899. | $50,000,000 | |
60,000,000 | Repurchase agreement, 4.42% dated 1/31/2023 under which HSBC Securities (USA), Inc. will repurchase the securities provided as collateral for $60,007,367 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were corporate bonds, medium-term notes and sovereign debt securities with various maturities to 7/15/2052 and the market value of those underlying securities was $61,200,089. | 60,000,000 | |
10,000,000 | Interest in $50,000,000 joint repurchase agreement, 4.91% dated 1/9/2023 under which Mizuho Securities USA LLC will repurchase the securities provided as collateral for $50,402,347 on 3/9/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were asset-backed securities with various maturities to 3/25/2050 and the market value of those underlying securities was $51,410,394. | 10,000,000 | |
25,000,000 | Repurchase agreement, 5.20% dated 4/27/2021 under which Wells Fargo Securities LLC will repurchase the securities provided as collateral for $27,636,111 on 4/27/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were commercial papers with various maturities to 6/30/2023 and the market value of those underlying securities was $25,518,417. | 25,000,000 | |
25,000,000 | Repurchase agreement, 5.17% dated 2/3/2022 under which Wells Fargo Securities LLC will repurchase the securities provided as collateral for $26,547,410 on 4/10/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri- party agent, were commercial papers with various maturities to 10/23/2023 and the market value of those underlying securities was $25,584,229. | 25,000,000 | |
25,000,000 | Repurchase agreement, 5.08% dated 12/21/2022 under which Wells Fargo Securities LLC will repurchase the securities provided as collateral for $25,317,500 on 3/21/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were commercial papers with various maturities to 7/21/2023 and the market value of those underlying securities was $25,651,131. | 25,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS—continued | |||
$25,000,000 | Repurchase agreement, 5.22% dated 1/9/2023 under which Wells Fargo Securities LLC will repurchase the securities provided as collateral for $25,416,875 on 5/4/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri- party agent, were commercial papers with various maturities to 7/21/2023 and the market value of those underlying securities was $25,584,228. | $25,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS | 316,000,000 | ||
REPURCHASE AGREEMENTS—3.0% | |||
50,000,000 | Interest in $200,000,000 joint repurchase agreement, 4.30% dated 1/31/2023 under which BMO Harris Bank will repurchase the securities provided as collateral for $200,023,889 on 2/1/ 2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. government agency with various maturities to 5/1/2032 and the market value of those underlying securities was $205,596,445. | 50,000,000 | |
43,000,000 | Interest in $450,000,000 joint repurchase agreement, 4.27% dated 1/31/2023 under which BNP Paribas SA will repurchase the securities provided as collateral for $450,053,375 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 2/15/2051 and the market value of those underlying securities was $459,054,446. | 43,000,000 | |
35,000,000 | Interest in $600,000,000 joint repurchase agreement, 4.27% dated 1/31/2023 under which Natixis Financial Products LLC will repurchase the securities provided as collateral for $600,071,167 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury with various maturities to 11/15/2052 and the market value of those underlying securities was $612,072,674. | 35,000,000 | |
TOTAL REPURCHASE AGREEMENTS | 128,000,000 | ||
U.S. TREASURY—0.2% | |||
10,000,000 | United States Treasury Floating Rate Notes, 4.682% (91-day T-Bill +0.034%), 2/7/2023 | 10,000,195 | |
INVESTMENT COMPANY—0.7% | |||
26,997,300 | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 4.41%3 | 27,000,103 | |
TOTAL INVESTMENT IN SECURITIES—99.7% (AT AMORTIZED COST)4 | 4,198,385,498 | ||
OTHER ASSETS AND LIABILITIES—0.3%5 | 10,606,103 | ||
TOTAL NET ASSETS—100% | $4,208,991,601 |
Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares | |
Value as of 7/31/2022 | $27,000,103 |
Purchases at Cost | $—- |
Proceeds from Sales | $—- |
Change in Unrealized Appreciation/Depreciation | $—- |
Net Realized Gain/(Loss) | $—- |
Value as of 01/31/2023 | $27,000,103 |
Shares Held as of 01/31/2023 | 26,997,300 |
Dividend Income | $456,019 |
Valuation Inputs | ||||
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Total | |
Debt Securities: | ||||
Commercial Paper | $— | $1,305,645,312 | $— | $1,305,645,312 |
Certificates of Deposit | — | 325,000,000 | — | 325,000,000 |
Notes-Variable | — | 2,086,739,888 | — | 2,086,739,888 |
Other Repurchase Agreements | — | 316,000,000 | — | 316,000,000 |
Repurchase Agreements | — | 128,000,000 | — | 128,000,000 |
U.S. Treasury | — | 10,000,195 | — | 10,000,195 |
Investment Company | 27,000,103 | — | — | 27,000,103 |
TOTAL SECURITIES | $27,000,103 | $4,171,385,395 | $— | $4,198,385,498 |
COL | —Collateralized |
GTD | —Guaranteed |
IDA | —Industrial Development Authority |
LIQ | —Liquidity Agreement |
LOC | —Letter of Credit |
SOFR | —Secured Overnight Financing Rate |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31 | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.013 | 0.001 | 0.0001 | 0.007 | 0.016 | 0.007 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.013 | 0.001 | 0.0001 | 0.007 | 0.016 | 0.007 |
Less Distributions: | ||||||
Distributions from net income | (0.013) | (0.001) | (0.000)1 | (0.007) | (0.016) | (0.007) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.013) | (0.001) | (0.000)1 | (0.007) | (0.016) | (0.007) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.34% | 0.11% | 0.01% | 0.68% | 1.58% | 0.75% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 1.02%4 | 0.45% | 0.23%5 | 0.94%5 | 1.02%5 | 1.02%5 |
Net investment income | 2.65%4 | 0.11% | 0.01% | 0.65% | 1.58% | 0.70% |
Expense waiver/ reimbursement6 | 0.18%4 | 0.76% | 0.97% | 0.28% | 0.19% | 0.19% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $4,208,992 | $4,375,913 | $4,295,924 | $4,312,748 | $4,030,191 | $4,220,884 |
Assets: | ||
Investment in securities, at value including $27,000,103 of investment in an affiliated holding* | $3,754,385,498 | |
Investments in other repurchase agreements and repurchase agreements | 444,000,000 | |
Investment in securities, at amortized cost and fair value | $4,198,385,498 | |
Cash | 847,749 | |
Income receivable | 13,011,087 | |
Income receivable from an affiliated holding | 101,502 | |
TOTAL ASSETS | 4,212,345,836 | |
Liabilities: | ||
Income distribution payable | 289 | |
Payable for distribution services fee (Note 4) | 1,712,328 | |
Payable for other service fees (Notes 2 and 4) | 1,038,679 | |
Payable for transfer agent fee | 369,255 | |
Payable for portfolio accounting fee | 139,441 | |
Payable for investment adviser fee (Note 4) | 13,191 | |
Payable for administrative fee (Note 4) | 8,423 | |
Payable for Directors’/Trustees’ fees (Note 4) | 5,221 | |
Accrued expenses (Note 4) | 67,408 | |
TOTAL LIABILITIES | 3,354,235 | |
Net assets for 4,209,002,292 shares outstanding | $4,208,991,601 | |
Net Assets Consists of: | ||
Paid-in capital | $4,208,989,735 | |
Total distributable earnings (loss) | 1,866 | |
TOTAL NET ASSETS | $4,208,991,601 | |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | ||
$4,208,991,601 ÷ 4,209,002,292 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Investment Income: | |||
Interest | $79,548,954 | ||
Dividends received from an affiliated holding* | 456,019 | ||
TOTAL INCOME | 80,004,973 | ||
Expenses: | |||
Investment adviser fee (Note 4) | $4,359,724 | ||
Administrative fee (Note 4) | 1,707,411 | ||
Custodian fees | 75,054 | ||
Transfer agent fees | 2,188,198 | ||
Directors’/Trustees’ fees (Note 4) | 12,625 | ||
Auditing fees | 12,214 | ||
Legal fees | 5,155 | ||
Distribution services fee (Note 4) | 11,989,243 | ||
Other service fees (Notes 2 and 4) | 5,407,418 | ||
Portfolio accounting fees | 90,622 | ||
Share registration costs | 285,605 | ||
Printing and postage | 154,745 | ||
Miscellaneous (Note 4) | 18,143 | ||
TOTAL EXPENSES | 26,306,157 | ||
Waivers and Reimbursements: | |||
Waivers/reimbursements of investment adviser fee (Note 4) | $(1,852,291) | ||
Waivers of other operating expenses (Note 2 and 4) | (2,179,862) | ||
TOTAL WAIVERS AND REIMBURSEMENTS | (4,032,153) | ||
Net expenses | 22,274,004 | ||
Net investment income | 57,730,969 | ||
Net realized gain on investments | 2,415 | ||
Change in net assets resulting from operations | $57,733,384 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended 7/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $57,730,969 | $4,995,954 |
Net realized gain | 2,415 | 16,180 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 57,733,384 | 5,012,134 |
Distribution to shareholders | (57,773,059) | (4,972,760) |
Share Transactions: | ||
Proceeds from sale of shares | 1,092,817,550 | 1,758,477,348 |
Net asset value of shares issued to shareholders in payment of distributions declared | 55,714,227 | 4,899,871 |
Cost of shares redeemed | (1,315,413,637) | (1,683,427,684) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (166,881,860) | 79,949,535 |
Change in net assets | (166,921,535) | 79,988,909 |
Net Assets: | ||
Beginning of period | 4,375,913,136 | 4,295,924,227 |
End of period | $4,208,991,601 | $4,375,913,136 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |
Shares sold | 1,092,817,550 | 1,758,477,348 |
Shares issued to shareholders in payment of distributions declared | 55,714,227 | 4,899,871 |
Shares redeemed | (1,315,413,637) | (1,683,427,684) |
NET CHANGE RESULTING FROM FUND SHARE TRANSACTIONS | (166,881,860) | 79,949,535 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2022 | Ending Account Value 1/31/2023 | Expenses Paid During Period1 | |
Actual | $1,000 | $1,013.40 | $5.18 |
Hypothetical (assuming a 5% return before expenses) | $1,000 | $1,020.06 | $5.19 |
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 | A | GRAXX | B | GRBXX | C | GRCXX |
F | GRGXX | P | GRFXX |
Federated Hermes Government Reserves Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Repurchase Agreements | 66.0% |
U.S. Treasury Securities | 11.9% |
U.S. Government Agency Securities | 22.0% |
Other Assets and Liabilities—Net2 | 0.1% |
TOTAL | 100% |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 90.3%4 |
8-30 Days | 3.1% |
31-90 Days | 0.2% |
91-180 Days | 2.7% |
181 Days or more | 3.6% |
Other Assets and Liabilities—Net2 | 0.1% |
TOTAL | 100% |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS—66.0% | |||
$250,000,000 | Repurchase agreement, 4.310% dated 1/31/2023 under which ABN Amro Bank N.V. will repurchase the securities provided as collateral for $250,029,931 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency and U.S. Treasury Securities with various maturities to 11/1/2052 and the market value of those underlying securities was $255,045,985. | $250,000,000 | |
150,000,000 | Repurchase agreement, 4.250% dated 1/31/2023 under which Barclays Capital, Inc. will repurchase the securities provided as collateral for $150,017,708 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency and U.S. Treasury Securities with various maturities to 5/15/2048 and the market value of those underlying securities was $153,018,122. | 150,000,000 | |
50,000,000 | Repurchase agreement, 4.250% dated 1/31/2023 under which Barclays Capital, Inc. will repurchase the securities provided as collateral for $50,005,903 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 10/31/2028 and the market value of those underlying securities was $51,006,059. | 50,000,000 | |
150,000,000 | Interest in $200,000,000 joint repurchase agreement, 4.300% dated 1/31/2023 under which BMO Harris Bank, N.A. will repurchase the securities provided as collateral for $200,023,889 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency Securities with various maturities to 5/1/2032 and the market value of those underlying securities was $205,596,445. | 150,000,000 | |
286,024,000 | Interest in $450,000,000 joint repurchase agreement, 4.270% dated 1/31/2023 under which BNP Paribas SA will repurchase the securities provided as collateral for $450,053,375 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency and U.S. Treasury Securities with various maturities to 2/15/2051 and the market value of those underlying securities was $459,054,446. | 286,024,000 | |
129,000,000 | Repurchase agreement, 4.270% dated 1/31/2023 under which BNP Paribas SA will repurchase the securities provided as collateral for $129,015,301 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency and U.S. Treasury Securities with various maturities to 11/15/2052 and the market value of those underlying securities was $131,595,656. | 129,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS—continued | |||
$150,000,000 | Repurchase agreement, 4.270% dated 1/31/2023 under which Bank Of America Securities, Inc. will repurchase the securities provided as collateral for $150,017,792 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 6/30/2026 and the market value of those underlying securities was $153,018,238. | $150,000,000 | |
493,917,000 | Interest in $1,850,000,000 joint repurchase agreement, 4.300% dated 1/31/2023 under which Bank Of America Securities, Inc. will repurchase the securities provided as collateral for $1,850,220,972 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency Securities with various maturities to 9/20/2072 and the market value of those underlying securities was $1,905,727,602. | 493,917,000 | |
100,000,000 | Repurchase agreement, 4.300% dated 1/31/2023 under which Citigroup Global Markets, Inc. will repurchase the securities provided as collateral for $100,011,944 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 8/15/2032 and the market value of those underlying securities was $102,012,209. | 100,000,000 | |
500,000,000 | Repurchase agreement, 4.300% dated 1/31/2023 under which Citigroup Global Markets, Inc. will repurchase the securities provided as collateral for $500,059,722 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 8/15/2032 and the market value of those underlying securities was $510,060,965. | 500,000,000 | |
250,000,000 | Repurchase agreement, 4.320% dated 1/17/2023 under which Citigroup Global Markets, Inc. will repurchase the securities provided as collateral for $250,480,000 on 2/2/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency and U.S. Treasury Securities with various maturities to 12/25/2049 and the market value of those underlying securities was $256,445,033. | 250,000,000 | |
3,000,000,000 | Repurchase agreement, 4.300% dated 1/31/2023 under which Federal Reserve Bank of New York will repurchase the securities provided as collateral for $3,000,358,333 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Treasury Securities with various maturities to 8/15/2040 and the market value of those underlying securities was $3,000,358,430. | 3,000,000,000 | |
50,000,000 | Repurchase agreement, 4.305% dated 1/31/2023 under which HSBC Securities (USA), Inc. will repurchase the securities provided as collateral for $50,005,979 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency Securities with various maturities to 2/1/2053 and the market value of those underlying securities was $51,000,000. | 50,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS—continued | |||
$273,000,000 | Interest in $600,000,000 joint repurchase agreement, 4.270% dated 1/31/2023 under which Natixis Financial Products LLC will repurchase the securities provided as collateral for $600,071,167 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon, tri-party agent, were U.S. Government Agency and U.S. Treasury Securities with various maturities to 11/15/2052 and the market value of those underlying securities was $612,072,674. | $273,000,000 | |
TOTAL REPURCHASE AGREEMENTS | 5,831,941,000 | ||
U.S. TREASURY—11.9% | |||
145,000,000 | 1 | United States Treasury Bill, 3.020%, 2/16/2023 | 144,817,542 |
47,000,000 | 1 | United States Treasury Bill, 3.020%, 6/15/2023 | 46,471,668 |
70,000,000 | 1 | United States Treasury Bill, 4.490%, 2/23/2023 | 69,807,928 |
141,000,000 | 2 | United States Treasury Floating Rate Notes, 4.573% (91-day T-Bill -0.075%), 2/7/2023 | 140,933,563 |
107,000,000 | 2 | United States Treasury Floating Rate Notes, 4.633% (91-day T-Bill -0.015%), 2/7/2023 | 107,051,468 |
179,000,000 | 2 | United States Treasury Floating Rate Notes, 4.677% (91-day T-Bill +0.029%), 2/7/2023 | 179,013,833 |
117,760,000 | 2 | United States Treasury Floating Rate Notes, 4.682% (91-day T-Bill +0.034%), 2/7/2023 | 117,760,540 |
100,000,000 | 2 | United States Treasury Floating Rate Notes, 4.685% (91-day T-Bill +0.037%), 2/7/2023 | 99,919,820 |
45,000,000 | 2 | United States Treasury Floating Rate Notes, 4.788% (91-day T-Bill +0.140%), 2/7/2023 | 44,938,213 |
50,000,000 | 2 | United States Treasury Floating Rate Notes, 4.848% (91-day T-Bill +0.200%), 2/7/2023 | 50,000,000 |
15,000,000 | United States Treasury Note, 0.125%, 2/28/2023 | 14,983,007 | |
16,000,000 | United States Treasury Note, 0.125%, 5/31/2023 | 15,895,756 | |
22,000,000 | United States Treasury Note, 2.500%, 3/31/2023 | 22,029,851 | |
TOTAL U.S. TREASURY | 1,053,623,189 | ||
GOVERNMENT AGENCIES—22.0% | |||
33,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.320% (SOFR +0.020%), 2/1/2023 | 33,000,000 |
116,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.325% (SOFR +0.025%), 2/1/2023 | 115,999,628 |
60,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.327% (SOFR +0.027%), 2/1/2023 | 59,994,906 |
8,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.330% (SOFR +0.030%), 2/1/2023 | 8,000,000 |
10,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.335% (SOFR +0.035%), 2/1/2023 | 9,999,776 |
68,800,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.340% (SOFR +0.040%), 2/1/2023 | 68,800,000 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES—continued | |||
$54,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.345% (SOFR +0.045%), 2/1/2023 | $54,000,000 |
151,775,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.350% (SOFR +0.050%), 2/1/2023 | 151,775,411 |
13,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.355% (SOFR +0.055%), 2/1/2023 | 13,000,000 |
52,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.360% (SOFR +0.060%), 2/1/2023 | 51,998,949 |
20,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.365% (SOFR +0.065%), 2/1/2023 | 19,999,297 |
12,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.375% (SOFR +0.075%), 2/1/2023 | 11,999,323 |
35,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.380% (SOFR +0.080%), 2/1/2023 | 34,998,354 |
50,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.385% (SOFR +0.085%), 2/1/2023 | 49,999,363 |
22,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.390% (SOFR +0.090%), 2/1/2023 | 22,000,000 |
10,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.395% (SOFR +0.095%), 2/1/2023 | 10,000,000 |
40,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.400% (SOFR +0.100%), 2/1/2023 | 40,000,000 |
16,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.405% (SOFR +0.105%), 2/1/2023 | 16,000,000 |
20,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.410% (SOFR +0.110%), 2/1/2023 | 20,000,000 |
20,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.420% (SOFR +0.120%), 2/1/2023 | 20,000,000 |
50,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.430% (SOFR +0.130%), 2/1/2023 | 49,999,301 |
12,000,000 | 2 | Federal Farm Credit System Floating Rate Notes, 4.470% (SOFR +0.170%), 2/1/2023 | 12,000,000 |
35,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 4.335% (SOFR +0.035%), 2/1/2023 | 35,000,000 |
78,100,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 4.340% (SOFR +0.040%), 2/1/2023 | 78,100,000 |
25,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 4.345% (SOFR +0.045%), 2/1/2023 | 25,000,000 |
25,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 4.350% (SOFR +0.050%), 2/1/2023 | 25,000,000 |
127,500,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 4.355% (SOFR +0.055%), 2/1/2023 | 127,500,000 |
135,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 4.360% (SOFR +0.060%), 2/1/2023 | 135,000,000 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES—continued | |||
$86,900,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 4.370% (SOFR +0.070%), 2/1/2023 | $86,900,000 |
25,000,000 | 2 | Federal Home Loan Bank System Floating Rate Notes, 4.400% (SOFR +0.100%), 2/1/2023 | 25,000,000 |
521,000,000 | Federal Home Loan Bank System, 2.080% - 5.000%, 2/13/2023 - 2/21/2024 | 520,981,138 | |
15,000,000 | Federal National Mortgage Association Notes, 0.250%, 7/10/2023 | 14,749,979 | |
TOTAL GOVERNMENT AGENCIES | 1,946,795,425 | ||
TOTAL INVESTMENT IN SECURITIES—99.9% (AT AMORTIZED COST)3 | 8,832,359,614 | ||
OTHER ASSETS AND LIABILITIES - NET—0.1%4 | 6,215,917 | ||
TOTAL NET ASSETS—100% | $8,838,575,531 |
SOFR | —Secured Overnight Financing Rate |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.011 | 0.0001 | 0.0001 | 0.006 | 0.015 | 0.006 |
Net realized gain (loss) | 0.001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | (0.000)1 |
TOTAL FROM INVESTMENT OPERATIONS | 0.012 | 0.0001 | 0.0001 | 0.006 | 0.015 | 0.006 |
Less Distributions: | ||||||
Distributions from net investment income | (0.012) | (0.000)1 | (0.000)1 | (0.006) | (0.015) | (0.006) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | — | — | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.012) | (0.000)1 | (0.000)1 | (0.006) | (0.015) | (0.006) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.20% | 0.09% | 0.01% | 0.61% | 1.47% | 0.56% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.87%4 | 0.29% | 0.11%5 | 0.64%5 | 0.87%5 | 0.87%5 |
Net investment income | 2.43%4 | 0.08% | 0.01% | 0.54% | 1.48% | 0.54% |
Expense waiver/reimbursement6 | 0.14%4 | 0.73% | 0.92% | 0.41% | 0.14% | 0.15% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $154,362 | $132,620 | $133,442 | $150,878 | $103,120 | $73,428 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.010 | 0.0001 | 0.0001 | 0.004 | 0.011 | 0.002 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | (0.000)1 |
TOTAL FROM INVESTMENT OPERATIONS | 0.010 | 0.0001 | 0.0001 | 0.004 | 0.011 | 0.002 |
Less Distributions: | ||||||
Distributions from net investment income | (0.010) | (0.000)1 | (0.000)1 | (0.004) | (0.011) | (0.002) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | — | — | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.010) | (0.000)1 | (0.000)1 | (0.004) | (0.011) | (0.002) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.00% | 0.04% | 0.01% | 0.36% | 1.07% | 0.23% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 1.27%4 | 0.29% | 0.11%5 | 0.95%5 | 1.27%5 | 1.19%5 |
Net investment income | 1.89%4 | 0.03% | 0.01% | 0.40% | 1.07% | 0.20% |
Expense waiver/reimbursement6 | 0.08%4 | 1.06% | 1.26% | 0.43% | 0.11% | 0.17% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $350 | $480 | $843 | $1,139 | $1,682 | $2,024 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.010 | 0.0001 | 0.0001 | 0.004 | 0.011 | 0.002 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | (0.000)1 |
TOTAL FROM INVESTMENT OPERATIONS | 0.010 | 0.0001 | 0.0001 | 0.004 | 0.011 | 0.002 |
Less Distributions: | ||||||
Distributions from net investment income | (0.010) | (0.000)1 | (0.000)1 | (0.004) | (0.011) | (0.002) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | — | — | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.010) | (0.000)1 | (0.000)1 | (0.004) | (0.011) | (0.002) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.00% | 0.04% | 0.01% | 0.38% | 1.08% | 0.23% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 1.26%4 | 0.38% | 0.10%5 | 0.69%5 | 1.26%5 | 1.20%5 |
Net investment income | 1.98%4 | 0.04% | 0.01% | 0.22% | 1.09% | 0.19% |
Expense waiver/reimbursement6 | 0.08%4 | 0.94% | 1.23% | 0.65% | 0.08% | 0.16% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $4,633 | $5,543 | $5,677 | $8,299 | $4,505 | $6,007 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.012 | 0.0001 | 0.0001 | 0.006 | 0.015 | 0.006 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | (0.000)1 |
TOTAL FROM INVESTMENT OPERATIONS | 0.012 | 0.0001 | 0.0001 | 0.006 | 0.015 | 0.006 |
Less Distributions: | ||||||
Distributions from net investment income | (0.012) | (0.000)1 | (0.000)1 | (0.006) | (0.015) | (0.006) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | — | — | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.012) | (0.000)1 | (0.000)1 | (0.006) | (0.015) | (0.006) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.20% | 0.09% | 0.01% | 0.61% | 1.47% | 0.56% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.87%4 | 0.30% | 0.11%5 | 0.62%5 | 0.87%5 | 0.87%5 |
Net investment income | 2.40%4 | 0.09% | 0.01% | 0.53% | 1.49% | 0.54% |
Expense waiver/reimbursement6 | 0.17%4 | 0.66% | 0.89% | 0.42% | 0.16% | 0.16% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,808 | $1,692 | $1,609 | $1,743 | $1,556 | $1,071 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.011 | 0.0001 | 0.0001 | 0.005 | 0.013 | 0.004 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | (0.000)1 |
TOTAL FROM INVESTMENT OPERATIONS | 0.011 | 0.0001 | 0.0001 | 0.005 | 0.013 | 0.004 |
Less Distributions: | ||||||
Distributions from net investment income | (0.011) | (0.000)1 | (0.000)1 | (0.005) | (0.013) | (0.004) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | — | — | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.011) | (0.000)1 | (0.000)1 | (0.005) | (0.013) | (0.004) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.13% | 0.07% | 0.01% | 0.52% | 1.32% | 0.41% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 1.02%4 | 0.30% | 0.11%5 | 0.72%5 | 1.02%5 | 1.02%5 |
Net investment income | 2.20%4 | 0.06% | 0.01% | 0.47% | 1.31% | 0.40% |
Expense waiver/reimbursement6 | 0.18%4 | 0.89% | 1.09% | 0.48% | 0.18% | 0.18% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $8,677,422 | $10,881,572 | $11,417,910 | $10,706,195 | $8,069,420 | $8,626,983 |
January 31, 2023 (unaudited)
Assets: | ||
Investment in securities | $3,000,418,614 | |
Investments in repurchase agreements | 5,831,941,000 | |
Investment in securities, at amortized cost and fair value | $8,832,359,614 | |
Cash | 314,024 | |
Income receivable | 12,954,861 | |
Receivable for shares sold | 89,270 | |
TOTAL ASSETS | 8,845,717,769 | |
Liabilities: | ||
Payable for shares redeemed | 469,256 | |
Income distribution payable | 10,856 | |
Payable for distribution services fee (Note 4) | 3,671,763 | |
Payable for other service fees (Notes 2 and 4) | 2,080,271 | |
Payable for transfer agent fee (Note 2) | 806,567 | |
Payable for investment adviser fee (Note 4) | 29,704 | |
Payable for administrative fee (Note 4) | 18,313 | |
Payable for Directors’/Trustees’ fees (Note 4) | 9,466 | |
Accrued expenses (Note 4) | 46,042 | |
TOTAL LIABILITIES | 7,142,238 | |
Net assets for 8,838,410,494 shares outstanding | $8,838,575,531 | |
Net Assets Consists of: | ||
Paid-in capital | $8,838,409,360 | |
Total distributable earnings (loss) | 166,171 | |
TOTAL NET ASSETS | $8,838,575,531 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | ||
Class A Shares: | ||
Net asset value per share ($154,362,141 ÷ 154,359,782 shares outstanding), no par value, unlimited shares authorized | $1.00 | |
Offering price per share | $1.00 | |
Redemption proceeds per share | $1.00 | |
Class B Shares: | ||
Net asset value per share ($350,015 ÷ 350,008 shares outstanding), no par value, unlimited shares authorized | $1.00 | |
Offering price per share | $1.00 | |
Redemption proceeds per share (94.50/100 of $1.00)1 | $0.95 | |
Class C Shares: | ||
Net asset value per share ($4,633,106 ÷ 4,633,024 shares outstanding), no par value, unlimited shares authorized | $1.00 | |
Offering price per share | $1.00 | |
Redemption proceeds per share (99.00/100 of $1.00)1 | $0.99 | |
Class F Shares: | ||
Net asset value per share ($1,807,853 ÷ 1,807,819 shares outstanding), no par value, unlimited shares authorized | $1.00 | |
Offering price per share | $1.00 | |
Redemption proceeds per share (99.00/100 of $1.00)1 | $0.99 | |
Class P Shares: | ||
Net asset value per share ($8,677,422,416 ÷ 8,677,259,861 shares outstanding), no par value, unlimited shares authorized | $1.00 | |
Offering price per share | $1.00 | |
Redemption proceeds per share | $1.00 |
Six Months Ended January 31, 2023 (unaudited)
Investment Income: | |||
Interest | $163,532,246 | ||
Expenses: | |||
Investment adviser fee (Note 4) | $10,151,632 | ||
Administrative fee (Note 4) | 3,974,996 | ||
Custodian fees | 147,151 | ||
Transfer agent fees (Note 2) | 5,085,520 | ||
Directors’/Trustees’ fees (Note 4) | 32,583 | ||
Auditing fees | 12,213 | ||
Legal fees | 5,155 | ||
Distribution services fee (Note 4) | 27,850,574 | ||
Other service fees (Notes 2 and 4) | 12,613,998 | ||
Portfolio accounting fees | 99,411 | ||
Share registration costs | 316,504 | ||
Printing and postage | 349,353 | ||
Miscellaneous (Note 4) | 24,115 | ||
TOTAL EXPENSES | 60,663,205 | ||
Waivers and Reimbursements: | |||
Waiver of investment adviser fee (Note 4) | $(3,813,140) | ||
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (5,050,900) | ||
TOTAL WAIVERS AND REIMBURSEMENTS | (8,864,040) | ||
Net expenses | 51,799,165 | ||
Net investment income | 111,733,081 | ||
Net realized gain on investments | 111,352 | ||
Change in net assets resulting from operations | $111,844,433 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended 7/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $111,733,081 | $7,315,380 |
Net realized gain | 111,352 | 1,517 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 111,844,433 | 7,316,897 |
Distributions to Shareholders: | ||
Class A Shares | (1,731,905) | (116,462) |
Class B Shares | (3,917) | (198) |
Class C Shares | (51,714) | (2,468) |
Class F Shares | (23,645) | (1,463) |
Class P Shares | (109,869,568) | (7,518,693) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (111,680,749) | (7,639,284) |
Share Transactions: | ||
Proceeds from sale of shares | 3,257,118,793 | 9,137,625,168 |
Net asset value of shares issued to shareholders in payment of distributions declared | 107,238,224 | 7,474,688 |
Cost of shares redeemed | (5,547,851,971) | (9,682,351,270) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (2,183,494,954) | (537,251,414) |
Change in net assets | (2,183,331,270) | (537,573,801) |
Net Assets: | ||
Beginning of period | 11,021,906,801 | 11,559,480,602 |
End of period | $8,838,575,531 | $11,021,906,801 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | |
Class A Shares | $15,838 | $(13,472) |
Class B Shares | 121 | (13) |
Class C Shares | 1,060 | — |
Class F Shares | 492 | (450) |
Class P Shares | 5,068,009 | — |
TOTAL | $5,085,520 | $(13,935) |
Other Service Fees Incurred | |
Class A Shares | $176,957 |
Class B Shares | 518 |
Class C Shares | 6,450 |
Class F Shares | 2,429 |
Class P Shares | 12,427,644 |
TOTAL | $12,613,998 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Class A Shares: | Shares | Amount | Shares | Amount |
Shares sold | 84,990,265 | $84,990,265 | 73,725,006 | $73,725,006 |
Shares issued to shareholders in payment of distributions declared | 1,690,974 | 1,690,974 | 113,787 | 113,787 |
Shares redeemed | (64,941,335) | (64,941,335) | (74,657,374) | (74,657,374) |
NET CHANGE RESULTING FROM CLASS A SHARE TRANSACTIONS | 21,739,904 | $21,739,904 | (818,581) | $(818,581) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Class B Shares: | Shares | Amount | Shares | Amount |
Shares sold | 48,902 | $48,902 | 26,434 | $26,434 |
Shares issued to shareholders in payment of distributions declared | 3,342 | 3,342 | 170 | 170 |
Shares redeemed | (182,655) | (182,655) | (388,664) | (388,664) |
NET CHANGE RESULTING FROM CLASS B SHARE TRANSACTIONS | (130,411) | $(130,411) | (362,060) | $(362,060) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Class C Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,961,593 | $2,961,593 | 8,302,537 | $8,302,537 |
Shares issued to shareholders in payment of distributions declared | 51,536 | 51,536 | 2,453 | 2,453 |
Shares redeemed | (3,922,699) | (3,922,699) | (8,438,969) | (8,438,969) |
NET CHANGE RESULTING FROM CLASS C SHARE TRANSACTIONS | (909,570) | $(909,570) | (133,979) | $(133,979) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Class F Shares: | Shares | Amount | Shares | Amount |
Shares sold | 827,840 | $827,840 | 639,953 | $639,953 |
Shares issued to shareholders in payment of distributions declared | 17,224 | 17,224 | 997 | 997 |
Shares redeemed | (728,901) | (728,901) | (558,280) | (558,280) |
NET CHANGE RESULTING FROM CLASS F SHARE TRANSACTIONS | 116,163 | $116,163 | 82,670 | $82,670 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Class P Shares: | Shares | Amount | Shares | Amount |
Shares sold | 3,168,290,193 | $3,168,290,193 | 9,054,931,238 | $9,054,931,238 |
Shares issued to shareholders in payment of distributions declared | 105,475,148 | 105,475,148 | 7,357,281 | 7,357,281 |
Shares redeemed | (5,478,076,381) | (5,478,076,381) | (9,598,307,983) | (9,598,307,983) |
NET CHANGE RESULTING FROM CLASS P SHARE TRANSACTIONS | (2,204,311,040) | $(2,204,311,040) | (536,019,464) | $(536,019,464) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (2,183,494,954) | $(2,183,494,954) | (537,251,414) | $(537,251,414) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Share Class Name | Percentage of Average Daily Net Assets of Class |
Class A Shares | 0.45% |
Class B Shares | 0.75% |
Class C Shares | 0.75% |
Class F Shares | 0.45% |
Class P Shares | 0.55% |
Distribution Service Fees Incurred | Distribution Services Fees Waived | |
Class A Shares | $319,844 | $(35,539) |
Class B Shares | 1,555 | — |
Class C Shares | 19,610 | — |
Class F Shares | 4,422 | (491) |
Class P Shares | 27,505,143 | (5,000,935) |
TOTAL | $27,850,574 | $(5,036,965) |
Beginning Account Value 8/1/2022 | Ending Account Value 1/31/2023 | Expenses Paid During Period1 | |
Actual: | |||
Class A Shares | $1,000.00 | $1,012.00 | $4.41 |
Class B Shares | $1,000.00 | $1,010.00 | $6.43 |
Class C Shares | $1,000.00 | $1,010.00 | $6.38 |
Class F Shares | $1,000.00 | $1,012.00 | $4.41 |
Class P Shares | $1,000.00 | $1,011.30 | $5.17 |
Hypothetical (assuming a 5% return before expenses): | |||
Class A Shares | $1,000.00 | $1,020.82 | $4.43 |
Class B Shares | $1,000.00 | $1,018.80 | $6.46 |
Class C Shares | $1,000.00 | $1,018.85 | $6.41 |
Class F Shares | $1,000.00 | $1,020.82 | $4.43 |
Class P Shares | $1,000.00 | $1,020.06 | $5.19 |
Class A Shares | 0.87% |
Class B Shares | 1.27% |
Class C Shares | 1.26% |
Class F Shares | 0.87% |
Class P Shares | 1.02% |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 608919536
CUSIP 608919528
CUSIP 608919510
CUSIP 608919205
Share Class | Ticker | Select | GRTXX | Institutional | GOIXX | |
Service | GOSXX | Administrative | GOEXX | ||
Cash II | GFYXX | Cash Series | GFSXX | ||
Capital | GOCXX | Trust | GORXX | ||
Premier | GOFXX | Advisor | GOVXX | ||
SDG | GPHXX |
Federated Hermes Government Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Repurchase Agreements | 66.9% |
U.S. Government Agency Securities | 21.8% |
U.S. Treasury Securities | 7.5% |
Other Assets and Liabilities—Net2 | 3.8% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for a description of these security types. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 89.8% |
8-30 Days | 1.2% |
31-90 Days | 0.4% |
91-180 Days | 1.7% |
181 Days or more | 3.1% |
Other Assets and Liabilities—Net2 | 3.8% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
GOVERNMENT AGENCIES— 21.8% | |||
$ 20,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.317% (SOFR +0.017%), 2/1/2023 | $ 19,997,068 |
1,509,550,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.325% (SOFR +0.025%), 2/1/2023 | 1,509,545,780 |
178,600,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.327% (SOFR +0.027%), 2/1/2023 | 178,584,838 |
627,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.330% (SOFR +0.030%), 2/1/2023 | 626,951,563 |
350,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.332% (SOFR +0.032%), 2/1/2023 | 349,999,096 |
1,982,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.335% (SOFR +0.035%), 2/1/2023 | 1,981,986,404 |
599,850,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.340% (SOFR +0.040%), 2/1/2023 | 599,850,000 |
557,650,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.345% (SOFR +0.045%), 2/1/2023 | 557,650,000 |
662,650,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.350% (SOFR +0.050%), 2/1/2023 | 662,650,000 |
612,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.355% (SOFR +0.055%), 2/1/2023 | 612,000,000 |
919,675,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.360% (SOFR +0.060%), 2/1/2023 | 919,675,543 |
265,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.365% (SOFR +0.065%), 2/1/2023 | 264,990,681 |
143,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.375% (SOFR +0.075%), 2/1/2023 | 142,991,928 |
580,400,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.380% (SOFR +0.080%), 2/1/2023 | 580,373,915 |
626,600,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.385% (SOFR +0.085%), 2/1/2023 | 626,591,410 |
592,750,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.390% (SOFR +0.090%), 2/1/2023 | 592,750,000 |
229,750,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.395% (SOFR +0.095%), 2/1/2023 | 229,750,000 |
722,750,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.400% (SOFR +0.100%), 2/1/2023 | 722,750,000 |
233,700,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.405% (SOFR +0.105%), 2/1/2023 | 233,700,000 |
714,800,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.410% (SOFR +0.110%), 2/1/2023 | 714,800,000 |
344,750,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.420% (SOFR +0.120%), 2/1/2023 | 344,750,000 |
1,049,400,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.430% (SOFR +0.130%), 2/1/2023 | 1,049,388,116 |
168,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.470% (SOFR +0.170%), 2/1/2023 | 168,000,000 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES— continued | |||
$ 250,000,000 | Federal Farm Credit System Notes, 3.000%, 7/11/2023 | $ 249,972,140 | |
500,000,000 | Federal Home Loan Bank System Discount Notes, 1.800%, 2/2/2023 | 499,975,000 | |
25,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.315% (SOFR +0.015%), 2/1/2023 | 24,999,976 |
95,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.330% (SOFR +0.030%), 2/1/2023 | 95,000,000 |
469,750,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.340% (SOFR +0.040%), 2/1/2023 | 469,750,000 |
329,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.345% (SOFR +0.045%), 2/1/2023 | 329,000,000 |
834,500,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.350% (SOFR +0.050%), 2/1/2023 | 834,500,000 |
1,134,250,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.355% (SOFR +0.055%), 2/1/2023 | 1,134,250,000 |
2,733,625,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.360% (SOFR +0.060%), 2/1/2023 | 2,733,625,000 |
450,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.365% (SOFR +0.065%), 2/1/2023 | 450,000,000 |
1,471,250,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.370% (SOFR +0.070%), 2/1/2023 | 1,471,250,000 |
399,750,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.400% (SOFR +0.100%), 2/1/2023 | 399,750,000 |
50,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.410% (SOFR +0.110%), 2/1/2023 | 50,019,951 |
6,907,175,000 | Federal Home Loan Bank System, 2.080% - 5.000%, 2/13/2023 - 2/21/2024 | 6,906,978,501 | |
164,900,000 | Federal National Mortgage Association Notes, 0.250%, 7/10/2023 | 162,151,435 | |
285,770,000 | 1 | Housing and Urban Development Floating Rate Notes, 4.285% (91-day T-Bill +0.350%), 2/1/2023 | 285,770,000 |
TOTAL GOVERNMENT AGENCIES | 29,786,718,345 | ||
U.S. TREASURIES— 7.5% | |||
U.S. Treasury Bills—0.8% | |||
1,051,320,000 | 2 | United States Treasury Bills, 4.490%, 2/23/2023 | 1,048,435,295 |
U.S. Treasury Notes—6.7% | |||
671,000,000 | 1 | United States Treasury Floating Rate Notes, 4.573% (91-day T-Bill -0.075%), 2/7/2023 | 670,999,961 |
1,359,290,000 | 1 | United States Treasury Floating Rate Notes, 4.633% (91-day T-Bill -0.015%), 2/7/2023 | 1,360,004,656 |
1,555,500,000 | 1 | United States Treasury Floating Rate Notes, 4.677% (91-day T-Bill +0.029%), 2/7/2023 | 1,555,660,169 |
1,899,000,000 | 1 | United States Treasury Floating Rate Notes, 4.682% (91-day T-Bill +0.034%), 2/7/2023 | 1,899,015,616 |
1,411,000,000 | 1 | United States Treasury Floating Rate Notes, 4.685% (91-day T-Bill +0.037%), 2/7/2023 | 1,409,868,827 |
1,054,000,000 | 1 | United States Treasury Floating Rate Notes, 4.788% (91-day T-Bill +0.140%), 2/7/2023 | 1,053,093,796 |
Principal Amount | Value | ||
U.S. TREASURIES— continued | |||
U.S. Treasury Notes—6.7% | |||
$ 665,000,000 | 1 | United States Treasury Floating Rate Notes, 4.848% (91-day T-Bill +0.200%), 2/7/2023 | $ 665,000,000 |
159,000,000 | United States Treasury Notes, 0.125%, 2/28/2023 | 158,819,873 | |
175,000,000 | United States Treasury Notes, 0.125%, 5/31/2023 | 173,859,837 | |
188,439,000 | United States Treasury Notes, 2.500%, 3/31/2023 | 188,694,686 | |
TOTAL | 9,135,017,421 | ||
TOTAL U.S. TREASURIES | 10,183,452,716 | ||
REPURCHASE AGREEMENTS— 66.9% | |||
678,430,000 | Interest in $775,000,000 joint repurchase agreement 4.31%, dated 1/31/2023 under which ABN Amro Bank N.V., Netherlands will repurchase securities provided as collateral for $775,092,785 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 1/20/2053 and the market value of those underlying securities was $791,788,060. | 678,430,000 | |
425,000,000 | Interest in $500,000,000 joint repurchase agreement 4.31%, dated 1/31/2023 under which HSBC Securities (USA), Inc. will repurchase securities provided as collateral for $500,059,861 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 10/1/2052 and the market value of those underlying securities was $510,000,001. | 425,000,000 | |
1,027,569,000 | Interest in $1,050,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Mizuho Securities USA, Inc. will repurchase securities provided as collateral for $1,050,125,417 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 6/1/2057 and the market value of those underlying securities was $1,071,127,926. | 1,027,569,000 | |
1,632,000,000 | Interest in $1,900,000,000 joint repurchase agreement 4.31%, dated 1/31/2023 under which Wells Fargo Securities LLC will repurchase securities provided as collateral for $1,900,227,472 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 10/16/2063 and the market value of those underlying securities was $1,939,914,899. | 1,632,000,000 | |
600,000,000 | Interest in $1,650,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $1,650,197,083 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/1/2053 and the market value of those underlying securities was $1,683,201,025. | 600,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 1,794,328,000 | Interest in $3,000,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $3,000,358,333 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2048 and the market value of those underlying securities was $3,060,365,506. | $ 1,794,328,000 | |
400,000,000 | Interest in $800,000,000 joint repurchase agreement 4.27%, dated 1/31/2023 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $800,094,889 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2052 and the market value of those underlying securities was $816,096,809. | 400,000,000 | |
800,000,000 | Interest in $1,800,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $1,800,215,000 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2052 and the market value of those underlying securities was $1,836,219,336. | 800,000,000 | |
950,000,000 | Interest in $1,050,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Bank of Montreal will repurchase securities provided as collateral for $1,050,125,417 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 1/20/2053 and the market value of those underlying securities was $1,071,166,894. | 950,000,000 | |
400,000,000 | Interest in $500,000,000 joint repurchase agreement 4.31%, dated 1/3/2023 under which BNP Paribas S.A. will repurchase securities provided as collateral for $501,795,833 on 2/2/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities and a U.S. Treasury security with various maturities to 2/1/2053 and the market value of those underlying securities was $512,475,481. | 400,000,000 | |
250,000,000 | Interest in $400,000,000 joint repurchase agreement 4.28%, dated 1/10/2023 under which BofA Securities, Inc. will repurchase securities provided as collateral for $401,093,778 on 2/2/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 7/20/2052 and the market value of those underlying securities was $409,705,664. | 250,000,000 | |
2,313,000,000 | Interest in $4,400,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $4,401,051,174 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities and a U.S. Treasury security with various maturities to 9/16/2058 and the market value of those underlying securities was $4,492,536,174. | 2,313,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 1,559,604,000 | Interest in $1,623,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Bank of America, N.A. will repurchase a security provided as collateral for $1,623,193,858 on 2/1/2023. The security provided as collateral at the end of the period held with BNY Mellon as tri-party agent, was a U.S. Treasury security maturing on 1/31/2027 and the market value of that underlying security was $1,655,657,786. | $ 1,559,604,000 | |
425,000,000 | Interest in $1,000,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which TD Securities (USA), LLC will repurchase securities provided as collateral for $1,000,119,444 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 1/20/2053 and the market value of those underlying securities was $1,030,123,029. | 425,000,000 | |
125,000,000 | Interest in $250,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which ING Financial Markets LLC will repurchase securities provided as collateral for $250,029,861 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2045 and the market value of those underlying securities was $261,643,867. | 125,000,000 | |
1,000,000,000 | Interest in $1,250,000,000 joint repurchase agreement 4.32%, dated 1/17/2023 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $1,252,400,000 on 2/2/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities and a U.S. Treasury security with various maturities to 1/20/2053 and the market value of those underlying securities was $1,278,970,376. | 1,000,000,000 | |
1,500,000,000 | Interest in $2,000,000,000 joint repurchase agreement 4.36%, dated 10/3/2022 under which Royal Bank of Canada, New York Branch will repurchase securities provided as collateral for $2,029,308,889 on 2/2/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 7/1/2060 and the market value of those underlying securities was $2,066,958,901. | 1,500,000,000 | |
3,000,000,000 | Interest in $3,500,000,000 joint repurchase agreement 4.61%, dated 1/17/2023 under which Royal Bank of Canada, New York Branch will repurchase securities provided as collateral for $3,559,609,861 on 5/30/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 3/1/2062 and the market value of those underlying securities was $3,627,859,201. | 3,000,000,000 | |
995,000,000 | Interest in $1,500,000,000 joint repurchase agreement 4.50%, dated 1/31/2023 under which Societe Generale, New York will repurchase securities provided as collateral for $1,501,312,500 on 2/7/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 1/1/2060 and the market value of those underlying securities was $1,530,584,606. | 995,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 600,000,000 | Repurchase agreement 4.30%, dated 1/31/2023 under which Australia & New Zealand Banking Group, will repurchase securities provided as collateral for $600,071,667 on 2/1/2023. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. as custodian, were U.S. Treasury securities with various maturities to 5/15/2049 and the market value of those underlying securities was $612,138,501. | $ 600,000,000 | |
400,000,000 | Repurchase agreement 4.30%, dated 1/31/2023 under which BMO Capital Markets Corp. will repurchase securities provided as collateral for $400,047,778 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 8/16/2064 and the market value of those underlying securities was $411,571,021. | 400,000,000 | |
100,000,000 | Repurchase agreement 4.30%, dated 1/31/2023 under which ING Financial Markets LLC will repurchase securities provided as collateral for $100,011,944 on 2/1/2023. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. as custodian, were U.S. Government Agency and U.S. Treasury securities with various maturities to 8/20/2052 and the market value of those underlying securities was $102,012,203. | 100,000,000 | |
456,000,000 | Repurchase agreement 4.27%, dated 1/3/2023 under which BNP Paribas S.A. will repurchase securities provided as collateral for $457,568,513 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 7/31/2027 and the market value of those underlying securities was $465,175,198. | 456,000,000 | |
255,000,000 | Repurchase agreement 4.25%, dated 1/31/2023 under which Barclays Capital, Inc. will repurchase securities provided as collateral for $255,030,104 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2052 and the market value of those underlying securities was $260,130,741. | 255,000,000 | |
1,000,000,000 | Repurchase agreement 4.30%, dated 1/31/2023 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $1,000,119,444 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2051 and the market value of those underlying securities was $1,020,000,043. | 1,000,000,000 | |
2,500,000,000 | Repurchase agreement 4.30%, dated 1/31/2023 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $2,500,298,611 on 2/1/2023. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. as custodian, were U.S. Government Agency and U.S. Treasury securities with various maturities to 9/1/2057 and the market value of those underlying securities was $2,550,304,584. | 2,500,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 700,000,000 | Repurchase agreement 4.30%, dated 12/15/2022 under which Bank of Montreal will repurchase securities provided as collateral for $704,096,944 on 2/2/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/1/2053 and the market value of those underlying securities was $718,797,107. | $ 700,000,000 | |
418,746,325 | Repurchase agreement 4.32%, dated 1/31/2023 under which Prudential Insurance Co. of America will repurchase securities provided as collateral for $418,796,575 on 2/1/2023. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. as custodian, were U.S. Government Agency securities with various maturities to 12/1/2046 and the market value of those underlying securities was $427,252,649. | 418,746,325 | |
77,775,000 | Repurchase agreement 4.31%, dated 1/31/2023 under which Prudential Legacy Insurance Co. of NJ will repurchase securities provided as collateral for $77,784,311 on 2/1/2023. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. as custodian, were U.S. Treasury securities with various maturities to 8/15/2031 and the market value of those underlying securities was $79,352,814. | 77,775,000 | |
2,000,000,000 | Repurchase agreement 4.60%, dated 11/21/2022 under which Royal Bank of Canada, New York Branch will repurchase securities provided as collateral for $2,026,577,778 on 3/6/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 1/1/2058 and the market value of those underlying securities was $2,064,972,856. | 2,000,000,000 | |
190,000,000 | Repurchase agreement 4.31%, dated 1/31/2023 under which Credit Agricole Corporate and Investment Bank will repurchase securities provided as collateral for $190,022,747 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, was a U.S. Government Agency security and U.S. Treasury securities with various maturities to 8/25/2050 and the market value of those underlying securities was $194,572,733. | 190,000,000 | |
345,000,000 | Repurchase agreement 4.27%, dated 1/31/2023 under which BofA Securities, Inc. will repurchase securities provided as collateral for $345,040,921 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 7/15/2032 and the market value of those underlying securities was $351,941,778. | 345,000,000 | |
1,000,000,000 | Repurchase agreement 4.31%, dated 1/31/2023 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $1,000,119,722 on 2/1/2023. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. as custodian, were U.S. Government Agency securities with various maturities to 11/15/2050 and the market value of those underlying securities was $1,024,763,148. | 1,000,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 325,000,000 | Repurchase agreement 4.30%, dated 1/31/2023 under which BofA Securities, Inc. will repurchase securities provided as collateral for $325,038,819 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 9/20/2052 and the market value of those underlying securities was $331,539,596. | $ 325,000,000 | |
48,750,000,000 | Repurchase agreement 4.30%, dated 1/31/2023 under which Federal Reserve Bank of New York will repurchase securities provided as collateral for $48,755,822,917 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2041 and the market value of those underlying securities was $48,755,822,938. | 48,750,000,000 | |
3,175,000,000 | Repurchase agreement 4.31%, dated 1/31/2023 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $3,175,380,119 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 9/1/2037 and the market value of those underlying securities was $3,298,336,928. | 3,175,000,000 | |
500,000,000 | Repurchase agreement 4.30%, dated 1/31/2023 under which Standard Chartered Bank Repo will repurchase securities provided as collateral for $500,059,722 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 1/1/2053 and the market value of those underlying securities was $510,060,917. | 500,000,000 | |
250,000,000 | Repurchase agreement 4.27%, dated 1/31/2023 under which Fixed Income Clearing Corp. will repurchase a security provided as collateral for $250,029,653 on 2/1/2023. The security provided as collateral at the end of the period held with BNY Mellon as tri-party agent, was a U.S. Treasury security maturing on 5/15/2052 and the market value of that underlying security was $255,030,257. | 250,000,000 | |
450,000,500 | Repurchase agreement 4.30%, dated 1/31/2023 under which Metropolitan Life Insurance Co. will repurchase securities provided as collateral for $450,054,250 on 2/1/2023. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. as custodian, were U.S. Treasury securities with various maturities to 8/15/2029 and the market value of those underlying securities was $459,294,600. | 450,000,500 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 8,000,000,000 | Repurchase agreement 4.31%, dated 1/31/2023 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $8,000,957,778 on 2/1/2023. The securities provided as collateral at the end of the period held with J.P. Morgan as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2049 and the market value of those underlying securities was $8,160,000,001. | $ 8,000,000,000 | |
TOTAL REPURCHASE AGREEMENTS | 91,367,452,825 | ||
TOTAL INVESTMENT IN SECURITIES—96.2% (AT AMORTIZED COST)3 | 131,337,623,886 | ||
OTHER ASSETS AND LIABILITIES - NET—3.8%4 | 5,250,890,655 | ||
TOTAL NET ASSETS—100% | $136,588,514,541 |
1 | Floating/variable note with current rate and current maturity or next reset date shown. |
2 | Discount rate(s) at time of purchase. |
3 | Also represents cost of investments for federal tax purposes. |
4 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
SOFR | —Secured Overnight Financing Rate |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.0122 | 0.003 | 0.0003 | 0.012 | 0.012 | 0.003 |
Net realized gain (loss) | 0.004 | (0.000)3 | 0.0003 | (0.001) | (0.000)3 | 0.0003 |
Total From Investment Operations | 0.016 | 0.003 | 0.0003 | 0.011 | 0.012 | 0.003 |
Less Distributions: | ||||||
Distributions from net investment income | (0.016) | (0.003) | (0.000)3 | (0.011) | (0.012) | (0.003) |
Distributions from net realized gain | — | — | — | (0.000)3 | — | (0.000)3 |
Total Distributions | (0.016) | (0.003) | (0.000)3 | (0.011) | (0.012) | (0.003) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return4 | 1.61% | 0.31% | 0.02% | 1.12% | 1.23% | 0.31% |
Ratios to Average Net Assets: | ||||||
Net expenses5 | 0.17%6 | 0.09% | 0.11% | 0.17% | 1.15% | 1.11% |
Net investment income | 2.43%6 | 0.25% | 0.02% | 0.74% | 1.21% | 0.24% |
Expense waiver/reimbursement7 | 0.13%6 | 0.22% | 0.20% | 0.14% | 0.13% | 0.17% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $124,675 | $5,921,339 | $8,073,883 | $7,328,261 | $3,307 | $2,365 |
1 | Effective August 1, 2019, the Class R Shares were re-designated as Select Shares. |
2 | Per share number has been calculated using the average shares method. |
3 | Represents less than $0.001. |
4 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
5 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
6 | Computed on an annualized basis. |
7 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.0161 | 0.003 | 0.0002 | 0.011 | 0.021 | 0.013 |
Net realized gain (loss) | 0.0002 | (0.000)2 | — | (0.000)2 | (0.000)2 | 0.0002 |
Total From Investment Operations | 0.016 | 0.003 | 0.0002 | 0.011 | 0.021 | 0.013 |
Less Distributions: | ||||||
Distributions from net investment income | (0.016) | (0.003) | (0.000)2 | (0.011) | (0.021) | (0.013) |
Distributions from net realized gain | — | — | — | (0.000)2 | — | (0.000)2 |
Total Distributions | (0.016) | (0.003) | (0.000)2 | (0.011) | (0.021) | (0.013) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return3 | 1.59% | 0.30% | 0.02% | 1.09% | 2.17% | 1.26% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.20%5 | 0.10% | 0.10% | 0.19% | 0.19% | 0.19% |
Net investment income | 3.13%5 | 0.28% | 0.02% | 0.97% | 2.15% | 1.24% |
Expense waiver/ reimbursement6 | 0.13%5 | 0.23% | 0.23% | 0.15% | 0.14% | 0.15% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $29,977,355 | $31,227,810 | $31,176,397 | $29,928,127 | $23,667,498 | $23,308,693 |
1 | Per share number has been calculated using the average shares method. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.0151 | 0.002 | 0.0002 | 0.009 | 0.019 | 0.010 |
Net realized gain (loss) | 0.0002 | (0.000)2 | — | 0.0002 | (0.000)2 | 0.0002 |
Total From Investment Operations | 0.015 | 0.002 | 0.0002 | 0.009 | 0.019 | 0.010 |
Less Distributions: | ||||||
Distributions from net investment income | (0.015) | (0.002) | (0.000)2 | (0.009) | (0.019) | (0.010) |
Distributions from net realized gain | — | — | — | (0.000)2 | — | (0.000)2 |
Total Distributions | (0.015) | (0.002) | (0.000)2 | (0.009) | (0.019) | (0.010) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return3 | 1.48% | 0.22% | 0.02% | 0.91% | 1.94% | 1.03% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.42%5 | 0.17% | 0.11% | 0.38% | 0.42% | 0.41% |
Net investment income | 2.93%5 | 0.19% | 0.01% | 0.83% | 1.93% | 1.02% |
Expense waiver/ reimbursement6 | 0.13%5 | 0.38% | 0.43% | 0.17% | 0.13% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $10,283,838 | $10,082,923 | $13,157,890 | $12,300,069 | $10,249,258 | $7,828,028 |
1 | Per share number has been calculated using the average shares method. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | Period Ended 7/31/20181 | ||||
2022 | 2021 | 2020 | 2019 | |||
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 | 0.0182 | 0.046 | 0.024 | 0.009 | 0.019 | 0.009 |
Net realized gain (loss) | (0.003) | (0.044) | (0.024) | (0.000)3 | (0.000)3 | — |
Total From Investment Operations | 0.015 | 0.002 | 0.0003 | 0.009 | 0.019 | 0.009 |
Less Distributions: | ||||||
Distributions from net investment income | (0.015) | (0.002) | (0.000)3 | (0.009) | (0.019) | (0.009) |
Distributions from net realized gain | — | — | — | (0.000)3 | — | — |
Total Distributions | (0.015) | (0.002) | (0.000)3 | (0.009) | (0.019) | (0.009) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return4 | 1.46% | 0.22% | 0.02% | 0.88% | 1.90% | 0.91% |
Ratios to Average Net Assets: | ||||||
Net expenses5 | 0.45%6 | 0.14% | 0.19% | 0.41% | 0.45% | 0.45%6 |
Net investment income | 3.61%6 | 0.14% | 0.01% | 0.89% | 1.97% | 1.23%6 |
Expense waiver/reimbursement7 | 0.13%6 | 0.43% | 0.39% | 0.18% | 0.13% | 0.15%6 |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $3,281 | $78 | $219 | $253,981 | $176,438 | $12,413 |
1 | Reflects operations for the period from September 28, 2017 (commencement of operations) to July 31, 2018. |
2 | Per share number has been calculated using the average shares method. |
3 | Represents less than $0.001. |
4 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
5 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
6 | Computed on an annualized basis. |
7 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.0131 | 0.001 | 0.0002 | 0.006 | 0.015 | 0.006 |
Net realized gain (loss) | 0.0002 | (0.000)2 | — | 0.0002 | (0.000)2 | (0.000)2 |
Total From Investment Operations | 0.013 | 0.001 | 0.0002 | 0.006 | 0.015 | 0.006 |
Less Distributions: | ||||||
Distributions from net investment income | (0.013) | (0.001) | (0.000)2 | (0.006) | (0.015) | (0.006) |
Distributions from net realized gain | — | — | — | (0.000)2 | — | (0.000)2 |
Total Distributions | (0.013) | (0.001) | (0.000)2 | (0.006) | (0.015) | (0.006) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return3 | 1.27% | 0.12% | 0.02% | 0.63% | 1.51% | 0.60% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.84%5 | 0.27% | 0.11% | 0.64% | 0.84% | 0.84% |
Net investment income | 2.50%5 | 0.11% | 0.01% | 0.61% | 1.51% | 0.60% |
Expense waiver/reimbursement6 | 0.13%5 | 0.70% | 0.86% | 0.34% | 0.13% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $594,241 | $567,676 | $625,477 | $599,710 | $534,565 | $494,899 |
1 | Per share number has been calculated using the average shares method. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.0121 | 0.001 | 0.0002 | 0.005 | 0.013 | 0.004 |
Net realized gain (loss) | 0.0002 | (0.000)2 | — | 0.0002 | (0.000)2 | (0.000)2 |
Total From Investment Operations | 0.012 | 0.001 | 0.0002 | 0.005 | 0.013 | 0.004 |
Less Distributions: | ||||||
Distributions from net investment income | (0.012) | (0.001) | (0.000)2 | (0.005) | (0.013) | (0.004) |
Distributions from net realized gain | — | — | — | (0.000)2 | — | (0.000)2 |
Total Distributions | (0.012) | (0.001) | (0.000)2 | (0.005) | (0.013) | (0.004) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return3 | 1.19% | 0.10% | 0.02% | 0.54% | 1.35% | 0.39% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.99%5 | 0.26% | 0.11% | 0.71% | 1.00% | 1.05% |
Net investment income | 2.44%5 | 0.08% | 0.01% | 0.48% | 1.35% | 0.31% |
Expense waiver/reimbursement6 | 0.18%5 | 0.93% | 1.07% | 0.47% | 0.18% | 0.18% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $607,995 | $307,895 | $526,713 | $349,935 | $259,284 | $96,724 |
1 | Per share number has been calculated using the average shares method. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.0151 | 0.003 | 0.0002 | 0.010 | 0.020 | 0.011 |
Net realized gain (loss) | 0.0002 | (0.000)2 | — | (0.000)2 | (0.000)2 | (0.000)2 |
Total From Investment Operations | 0.015 | 0.003 | 0.0002 | 0.010 | 0.020 | 0.011 |
Less Distributions: | ||||||
Distributions from net investment income | (0.015) | (0.003) | (0.000)2 | (0.010) | (0.020) | (0.011) |
Distributions from net realized gain | — | — | — | (0.000)2 | — | (0.000)2 |
Total Distributions | (0.015) | (0.003) | (0.000)2 | (0.010) | (0.020) | (0.011) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return3 | 1.54% | 0.26% | 0.02% | 0.99% | 2.05% | 1.14% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.30%5 | 0.14% | 0.12% | 0.30% | 0.30% | 0.30% |
Net investment income | 3.05%5 | 0.24% | 0.01% | 0.94% | 2.04% | 1.15% |
Expense waiver/reimbursement6 | 0.13%5 | 0.30% | 0.32% | 0.14% | 0.13% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $3,469,267 | $3,094,786 | $3,044,642 | $3,454,165 | $3,399,696 | $3,078,850 |
1 | Per share number has been calculated using the average shares method. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.0141 | 0.002 | 0.0002 | 0.007 | 0.017 | 0.008 |
Net realized gain (loss) | (0.001) | (0.000)2 | — | (0.000)2 | (0.000)2 | 0.0002 |
Total From Investment Operations | 0.013 | 0.002 | 0.0002 | 0.007 | 0.017 | 0.008 |
Less Distributions: | ||||||
Distributions from net investment income | (0.013) | (0.002) | (0.000)2 | (0.007) | (0.017) | (0.008) |
Distributions from net realized gain | — | — | — | (0.000)2 | — | (0.000)2 |
Total Distributions | (0.013) | (0.002) | (0.000)2 | (0.007) | (0.017) | (0.008) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return3 | 1.35% | 0.16% | 0.02% | 0.73% | 1.67% | 0.76% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.67%5 | 0.24% | 0.12% | 0.54% | 0.69% | 0.68% |
Net investment income | 2.72%5 | 0.13% | 0.01% | 0.66% | 1.71% | 0.74% |
Expense waiver/reimbursement6 | 0.13%5 | 0.59% | 0.71% | 0.29% | 0.13% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,464,203 | $1,276,028 | $2,658,370 | $3,303,066 | $2,472,153 | $597,348 |
1 | Per share number has been calculated using the average shares method. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.0161 | 0.003 | 0.0002 | 0.011 | 0.022 | 0.013 |
Net realized gain (loss) | 0.0002 | (0.000)2 | — | 0.0002 | (0.000)2 | (0.000)2 |
Total From Investment Operations | 0.016 | 0.003 | 0.0002 | 0.011 | 0.022 | 0.013 |
Less Distributions: | ||||||
Distributions from net investment income | (0.016) | (0.003) | (0.000)2 | (0.011) | (0.022) | (0.013) |
Distributions from net realized gain | — | — | — | (0.000)2 | — | (0.000)2 |
Total Distributions | (0.016) | (0.003) | (0.000)2 | (0.011) | (0.022) | (0.013) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return3 | 1.62% | 0.31% | 0.03% | 1.14% | 2.21% | 1.29% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.15%5 | 0.09% | 0.10% | 0.15% | 0.15% | 0.15% |
Net investment income | 3.19%5 | 0.33% | 0.02% | 0.96% | 2.20% | 1.28% |
Expense waiver/ reimbursement6 | 0.13%5 | 0.20% | 0.18% | 0.14% | 0.13% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $82,035,120 | $83,546,204 | $69,590,226 | $76,682,858 | $42,873,211 | $29,053,580 |
1 | Per share number has been calculated using the average shares method. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | Period Ended 7/31/20191 | |||
2022 | 2021 | 2020 | |||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | |||||
Net investment income | 0.0172 | 0.003 | 0.0003 | 0.011 | 0.012 |
Net realized gain (loss) | (0.001) | (0.000)3 | — | 0.0003 | (0.000)3 |
Total From Investment Operations | 0.016 | 0.003 | 0.0003 | 0.011 | 0.012 |
Less Distributions: | |||||
Distributions from net investment income | (0.016) | (0.003) | (0.000)3 | (0.011) | (0.012) |
Distributions from net realized gains | — | — | — | (0.000)3 | — |
Total Distributions | (0.016) | (0.003) | (0.000)3 | (0.011) | (0.012) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return4 | 1.62% | 0.31% | 0.03% | 1.14% | 1.24% |
Ratios to Average Net Assets: | |||||
Net expenses5 | 0.15%6 | 0.10% | 0.11% | 0.15% | 0.15%6 |
Net investment income | 3.38%6 | 0.54% | 0.03% | 0.81% | 2.29%6 |
Expense waiver/reimbursement7 | 0.13%6 | 0.18% | 0.17% | 0.14% | 0.13%6 |
Supplemental Data: | |||||
Net assets, end of period (000 omitted) | $5,887,238 | $1,942,655 | $571,121 | $1,089 | $356 |
1 | Reflects operations for the period from January 18, 2019 (commencement of operations) to July 31, 2019. |
2 | Per share number has been calculated using the average shares method. |
3 | Represents less than $0.001. |
4 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
5 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
6 | Computed on an annualized basis. |
7 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Period Ended 7/31/20221 | |
Net Asset Value, Beginning of Period | $1.00 | $1.00 |
Income From Investment Operations: | ||
Net investment income | 0.0162 | 0.003 |
Net realized gain (loss) | 0.0003 | (0.000)3 |
Total From Investment Operations | 0.016 | 0.003 |
Less Distributions: | ||
Distributions from net investment income | (0.016) | (0.003) |
Net Asset Value, End of Period | $1.00 | $1.00 |
Total Return4 | 1.62% | 0.29% |
Ratios to Average Net Assets: | ||
Net expenses5 | 0.15%6 | 0.14%6 |
Net investment income | 3.23%6 | 0.92%6 |
Expense waiver/reimbursement7 | 0.13%6 | 0.15%6 |
Supplemental Data: | ||
Net assets, end of period (000 omitted) | $2,141,302 | $496,384 |
1 | Reflects operations for the period from March 30, 2022 (commencement of operations) to July 31, 2022. |
2 | Per share number has been calculated using the average shares method. |
3 | Represents less than $0.001. |
4 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
5 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
6 | Computed on an annualized basis. |
7 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
January 31, 2023 (unaudited)
Assets: | |
Investment in repurchase agreements | $91,367,452,825 |
Investment in securities | 39,970,171,061 |
Investment in securities, at amortized cost | 131,337,623,886 |
Cash | 5,161,786,023 |
Income receivable | 239,029,057 |
Receivable for shares sold | 258,727,961 |
Total Assets | 136,997,166,927 |
Liabilities: | |
Payable for shares redeemed | 127,761,941 |
Income distribution payable | 272,301,914 |
Payable for investment adviser fee (Note 4) | 263,457 |
Payable for administrative fee (Note 4) | 292,307 |
Payable for Directors’/Trustees’ fees (Note 4) | 172,734 |
Payable for distribution services fee (Note 4) | 767,258 |
Payable for other service fees (Notes 2 and 4) | 5,131,394 |
Accrued expenses (Note 4) | 1,961,381 |
Total Liabilities | 408,652,386 |
Net assets for 136,637,053,684 shares outstanding | $136,588,514,541 |
Net Assets Consist of: | |
Paid-in capital | $136,637,231,294 |
Total distributable earnings (loss) | (48,716,753) |
Total Net Assets | $136,588,514,541 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Select Shares: | |
$124,674,920 ÷ 124,719,201 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Institutional Shares: | |
$29,977,355,294 ÷ 29,987,981,721 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$10,283,837,999 ÷ 10,287,497,875 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Administrative Shares: | |
$3,281,026 ÷ 3,282,193 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$594,240,978 ÷ 594,452,045 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$607,994,574 ÷ 608,210,559 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Capital Shares: | |
$3,469,266,917 ÷ 3,470,500,360 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Trust Shares: | |
$1,464,202,864 ÷ 1,464,723,398 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Premier Shares: | |
$82,035,119,994 ÷ 82,064,301,800 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Advisor Shares: | |
$5,887,237,742 ÷ 5,889,320,542 shares outstanding, no par value, unlimited shares authorized | $1.00 |
SDG Shares: | |
$2,141,302,233 ÷ 2,142,063,990 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Six Months Ended January 31, 2023 (unaudited)
Investment Income: | |
Interest | $2,326,484,176 |
Expenses: | |
Investment adviser fee (Note 4) | 139,653,304 |
Administrative fee (Note 4) | 54,674,861 |
Custodian fees | 1,937,023 |
Transfer agent fees (Note 2) | 1,702,245 |
Directors’/Trustees’ fees (Note 4) | 405,898 |
Auditing fees | 13,290 |
Legal fees | 5,240 |
Portfolio accounting fees | 164,324 |
Distribution services fee (Note 4) | 4,178,961 |
Other service fees (Notes 2 and 4) | 26,055,864 |
Share registration costs | 280,503 |
Printing and postage | 505,944 |
Miscellaneous (Note 4) | 273,479 |
TOTAL EXPENSES | 229,850,936 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 4) | (90,183,360) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (125,972) |
TOTAL WAIVERS AND REIMBURSEMENTS | (90,309,332) |
Net expenses | 139,541,604 |
Net investment income | 2,186,942,572 |
Net realized gain on investments | 1,455,886 |
Change in net assets resulting from operations | $2,188,398,458 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended 7/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income (loss) | $2,186,942,572 | $379,295,869 |
Net realized gain (loss) | 1,455,886 | (50,482,982) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 2,188,398,458 | 328,812,887 |
Distributions to Shareholders: | ||
Select Shares | (31,509,629) | (19,758,181) |
Institutional Shares | (471,180,747) | (88,014,519) |
Service Shares | (150,615,902) | (22,610,113) |
Administrative Shares | (19,386) | (254) |
Cash II Shares | (7,132,489) | (689,048) |
Cash Series Shares | (6,124,672) | (314,780) |
Capital Shares | (56,233,900) | (8,282,207) |
Trust Shares | (18,182,301) | (3,682,995) |
Premier Shares | (1,361,102,273) | (232,988,258) |
Advisor Shares | (70,319,064) | (4,070,279) |
SDG Shares1 | (14,215,909) | (1,726,104) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (2,186,636,272) | (382,136,738) |
Share Transactions: | ||
Proceeds from sale of shares | 501,423,518,105 | 858,728,766,875 |
Net asset value of shares issued to shareholders in payment of distributions declared | 951,188,100 | 160,712,048 |
Cost of shares redeemed | (504,251,732,251) | (849,797,315,713) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (1,877,026,046) | 9,092,163,210 |
Change in net assets | (1,875,263,860) | 9,038,839,359 |
Net Assets: | ||
Beginning of period | 138,463,778,401 | 129,424,939,042 |
End of period | $136,588,514,541 | $138,463,778,401 |
1 | The Fund’s SDG Shares commenced operations on March 30, 2022. |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | |
Select Shares | $7,335 | $— |
Institutional Shares | 93,319 | — |
Service Shares | 824,216 | — |
Administrative Shares | 3 | — |
Cash II Shares | 255,287 | — |
Cash Series Shares | 96,014 | — |
Capital Shares | 11,458 | — |
Trust Shares | 134,237 | — |
Premier Shares | 264,529 | (550) |
Advisor Shares | 13,138 | (4) |
SDG Shares | 2,709 | — |
TOTAL | $1,702,245 | $(554) |
Other Service Fees Incurred | |
Select Shares | $179,838 |
Institutional Shares | 7,269,508 |
Service Shares | 12,857,441 |
Administrative Shares | 270 |
Cash II Shares | 705,985 |
Cash Series Shares | 627,092 |
Capital Shares | 2,741,109 |
Trust Shares | 1,674,621 |
TOTAL | $26,055,864 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Select Shares: | Shares | Amount | Shares | Amount |
Shares sold | 1,832,733,677 | $1,832,733,677 | 13,629,752,471 | $13,629,752,471 |
Shares issued to shareholders in payment of distributions declared | 1,610,133 | 1,610,133 | 441,651 | 441,651 |
Shares redeemed | (7,633,115,486) | (7,633,115,486) | (15,780,397,892) | (15,780,397,892) |
NET CHANGE RESULTING FROM SELECT SHARE TRANSACTIONS | (5,798,771,676) | $(5,798,771,676) | (2,150,203,770) | $(2,150,203,770) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 113,345,798,236 | $113,345,798,236 | 224,829,179,654 | $224,829,179,654 |
Shares issued to shareholders in payment of distributions declared | 163,921,501 | 163,921,501 | 31,988,578 | 31,988,578 |
Shares redeemed | (114,760,881,768) | (114,760,881,768) | (224,797,693,663) | (224,797,693,663) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (1,251,162,031) | $(1,251,162,031) | 63,474,569 | $63,474,569 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 14,297,013,568 | $14,297,013,568 | 27,391,276,505 | $27,391,276,505 |
Shares issued to shareholders in payment of distributions declared | 66,122,191 | 66,122,191 | 9,246,109 | 9,246,109 |
Shares redeemed | (14,162,223,986) | (14,162,223,986) | (30,471,519,424) | (30,471,519,424) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | 200,911,773 | $200,911,773 | (3,070,996,810) | $(3,070,996,810) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Administrative Shares: | Shares | Amount | Shares | Amount |
Shares sold | 4,244,151 | $4,244,151 | 860,627 | $860,627 |
Shares issued to shareholders in payment of distributions declared | 12,026 | 12,026 | 169 | 169 |
Shares redeemed | (1,052,189) | (1,052,189) | (1,001,455) | (1,001,455) |
NET CHANGE RESULTING FROM ADMINISTRATIVE SHARE TRANSACTIONS | 3,203,988 | $3,203,988 | (140,659) | $(140,659) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 249,249,765 | $249,249,765 | 384,359,199 | $384,359,199 |
Shares issued to shareholders in payment of distributions declared | 7,000,295 | 7,000,295 | 677,732 | 677,732 |
Shares redeemed | (229,680,636) | (229,680,636) | (442,616,478) | (442,616,478) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | 26,569,424 | $26,569,424 | (57,579,547) | $(57,579,547) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 1,915,781,647 | $1,915,781,647 | 1,250,402,484 | $1,250,402,484 |
Shares issued to shareholders in payment of distributions declared | 6,076,227 | 6,076,227 | 314,098 | 314,098 |
Shares redeemed | (1,621,654,162) | (1,621,654,162) | (1,469,410,905) | (1,469,410,905) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | 300,203,712 | $300,203,712 | (218,694,323) | $(218,694,323) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 14,594,166,263 | $14,594,166,263 | 11,576,723,757 | $11,576,723,757 |
Shares issued to shareholders in payment of distributions declared | 40,887,355 | 40,887,355 | 5,965,112 | 5,965,112 |
Shares redeemed | (14,260,475,901) | (14,260,475,901) | (11,531,336,929) | (11,531,336,929) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | 374,577,717 | $374,577,717 | 51,351,940 | $51,351,940 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Trust Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,818,112,763 | $2,818,112,763 | 4,116,626,629 | $4,116,626,629 |
Shares issued to shareholders in payment of distributions declared | 10,684,848 | 10,684,848 | 2,947,861 | 2,947,861 |
Shares redeemed | (2,640,565,359) | (2,640,565,359) | (5,501,391,334) | (5,501,391,334) |
NET CHANGE RESULTING FROM TRUST SHARE TRANSACTIONS | 188,232,252 | $188,232,252 | (1,381,816,844) | $(1,381,816,844) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Premier Shares: | Shares | Amount | Shares | Amount |
Shares sold | 322,525,017,341 | $322,525,017,341 | 566,602,630,504 | $566,602,630,504 |
Shares issued to shareholders in payment of distributions declared | 583,542,310 | 583,542,310 | 103,686,462 | 103,686,462 |
Shares redeemed | (324,620,807,767) | (324,620,807,767) | (552,718,368,752) | (552,718,368,752) |
NET CHANGE RESULTING FROM PREMIER SHARE TRANSACTIONS | (1,512,248,116) | $(1,512,248,116) | 13,987,948,214 | $13,987,948,214 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Advisor Shares: | Shares | Amount | Shares | Amount |
Shares sold | 8,284,251,391 | $8,284,251,391 | 2,274,388,161 | $2,274,388,161 |
Shares issued to shareholders in payment of distributions declared | 62,898,927 | 62,898,927 | 3,940,957 | 3,940,957 |
Shares redeemed | (4,401,193,195) | (4,401,193,195) | (906,072,880) | (906,072,880) |
NET CHANGE RESULTING FROM ADVISOR SHARES TRANSACTIONS | 3,945,957,123 | $3,945,957,123 | 1,372,256,238 | $1,372,256,238 |
Six Months Ended 1/31/2023 | Period Ended 7/31/20221 | |||
SDG Shares: | Shares | Amount | Shares | Amount |
Shares sold | 21,557,149,303 | $21,557,149,303 | 6,672,566,884 | $6,672,566,884 |
Shares issued to shareholders in payment of distributions declared | 8,432,287 | 8,432,287 | 1,503,319 | 1,503,319 |
Shares redeemed | (19,920,081,802) | (19,920,081,802) | (6,177,506,001) | (6,177,506,001) |
NET CHANGE RESULTING FROM SDG SHARE TRANSACTIONS | 1,645,499,788 | $1,645,499,788 | 496,564,202 | $496,564,202 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (1,877,026,046) | $(1,877,026,046) | 9,092,163,210 | $9,092,163,210 |
1 | Reflects operations for the period from March 30, 2022 (commencement of operations) to July 31, 2022. |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Administrative Shares | 0.25% |
Cash II Shares | 0.35% |
Cash Series Shares | 0.60% |
Trust Shares | 0.25% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Administrative Shares | $1,352 | $— |
Cash II Shares | 997,966 | — |
Cash Series Shares | 1,505,022 | (125,418) |
Trust Shares | 1,674,621 | — |
TOTAL | $4,178,961 | $(125,418) |
In addition, the Fund’s ADM Shares currently has a 12b-1 Fee that permits the Fund’s ADM Shares to incur and pay 0.25% of the average net assets of the ADM Shares. The Rule 12b-1 Fee for the Fund’s ADM Shares is being reduced from 0.25% to 0.10% of average net assets. However, the Fund’s ADM Shares will only incur and pay 0.05% of the reduced 12b-1 Fee. The remaining 0.05% of the reduced fee will not be incurred or paid until such time as approved by the Trustees.
Beginning Account Value 8/1/2022 | Ending Account Value 1/31/2023 | Expenses Paid During Period1 | |
Actual: | |||
Select Shares | $1,000 | $1,016.10 | $0.86 |
Institutional Shares | $1,000 | $1,015.90 | $1.02 |
Service Shares | $1,000 | $1,014.80 | $2.13 |
Administrative Shares | $1,000 | $1,014.60 | $2.29 |
Cash II Shares | $1,000 | $1,012.70 | $4.26 |
Cash Series Shares | $1,000 | $1,011.90 | $5.02 |
Capital Shares | $1,000 | $1,015.40 | $1.52 |
Trust Shares | $1,000 | $1,013.50 | $3.40 |
Premier Shares | $1,000 | $1,016.20 | $0.76 |
Advisor Shares | $1,000 | $1,016.20 | $0.76 |
SDG Shares | $1,000 | $1,016.20 | $0.76 |
Hypothetical (assuming a 5% return before expenses): | |||
Select Shares | $1,000 | $1,024.35 | $0.87 |
Institutional Shares | $1,000 | $1,024.20 | $1.02 |
Service Shares | $1,000 | $1,023.09 | $2.14 |
Administrative Shares | $1,000 | $1,022.94 | $2.29 |
Cash II Shares | $1,000 | $1,020.97 | $4.28 |
Cash Series Shares | $1,000 | $1,020.21 | $5.04 |
Capital Shares | $1,000 | $1,023.69 | $1.53 |
Trust Shares | $1,000 | $1,021.83 | $3.41 |
Premier Shares | $1,000 | $1,024.45 | $0.77 |
Advisor Shares | $1,000 | $1,024.45 | $0.77 |
SDG Shares | $1,000 | $1,024.45 | $0.77 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Select Shares | 0.17% |
Institutional Shares | 0.20% |
Service Shares | 0.42% |
Administrative Shares | 0.45% |
Cash II Shares | 0.84% |
Cash Series Shares | 0.99% |
Capital Shares | 0.30% |
Trust Shares | 0.67% |
Premier Shares | 0.15% |
Advisor Shares | 0.15% |
SDG Shares | 0.15% |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N104
CUSIP 60934N807
CUSIP 608919395
CUSIP 608919676
CUSIP 608919684
CUSIP 608919809
CUSIP 60934N153
CUSIP 608919718
CUSIP 608919437
CUSIP 31423R104
Share Class | Ticker | Automated | GOAXX | Institutional | GOTXX | Service | GTSXX |
Federated Hermes Government Obligations Tax-Managed Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
U.S. Treasury Securities | 48.9% |
U.S. Government Agency Securities | 53.4% |
Other Assets and Liabilities—Net2 | (2.3)% |
TOTAL | 100% |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 46.1% |
8-30 Days | 22.9% |
31-90 Days | 27.2% |
91-180 Days | 3.9% |
181 Days or more | 2.2% |
Other Assets and Liabilities—Net2 | (2.3)% |
TOTAL | 100% |
Principal Amount | Value | ||
U.S. TREASURY—48.9% | |||
$29,000,000 | United States Treasury Bill, 3.020%, 6/15/2023 | $28,674,008 | |
50,000,000 | United States Treasury Bill, 3.955%, 10/5/2023 | 48,648,708 | |
26,000,000 | United States Treasury Bill, 4.200%, 2/7/2023 | 25,981,800 | |
75,000,000 | United States Treasury Bill, 4.270%, 3/16/2023 | 74,617,479 | |
50,000,000 | United States Treasury Bill, 4.285%, 3/2/2023 | 49,827,410 | |
200,000,000 | United States Treasury Bill, 4.400%, 3/28/2023 | 198,655,556 | |
100,000,000 | United States Treasury Bill, 4.410%, 4/6/2023 | 99,216,000 | |
200,000,000 | United States Treasury Bill, 4.425%, 4/25/2023 | 197,959,583 | |
100,000,000 | United States Treasury Bill, 4.430%, 3/7/2023 | 99,581,611 | |
25,000,000 | United States Treasury Bill, 4.430%, 4/4/2023 | 24,809,264 | |
100,000,000 | United States Treasury Bill, 4.560%, 4/13/2023 | 99,100,666 | |
100,000,000 | United States Treasury Bill, 4.570%, 5/9/2023 | 98,768,639 | |
81,650,000 | United States Treasury Bill, 4.575%, 4/27/2023 | 80,768,010 | |
185,000,000 | United States Treasury Bills, 3.020% - 4.220%, 2/16/2023 | 184,717,208 | |
169,000,000 | United States Treasury Bills, 3.890% - 4.370%, 2/14/2023 | 168,741,108 | |
200,000,000 | United States Treasury Bills, 4.140% - 4.480%, 2/21/2023 | 199,521,111 | |
150,000,000 | United States Treasury Bills, 4.180% - 4.500%, 2/28/2023 | 149,517,750 | |
354,000,000 | United States Treasury Bills, 4.300% - 4.465%, 3/14/2023 | 352,214,689 | |
350,000,000 | United States Treasury Bills, 4.320% - 4.520%, 3/21/2023 | 347,944,000 | |
201,000,000 | United States Treasury Bills, 4.420% - 4.490%, 2/23/2023 | 200,450,660 | |
240,000,000 | United States Treasury Bills, 4.440% - 4.525%, 3/9/2023 | 238,920,910 | |
35,000,000 | 1 | United States Treasury Floating Rate Notes, 4.573% (91-day T-Bill -0.075%), 2/7/2023 | 34,999,998 |
42,000,000 | 1 | United States Treasury Floating Rate Notes, 4.633% (91-day T-Bill -0.015%), 2/7/2023 | 42,008,787 |
10,000,000 | 1 | United States Treasury Floating Rate Notes, 4.677% (91-day T-Bill +0.029%), 2/7/2023 | 10,010,400 |
120,000,000 | 1 | United States Treasury Floating Rate Notes, 4.682% (91-day T-Bill +0.034%), 2/7/2023 | 120,000,782 |
100,000,000 | 1 | United States Treasury Floating Rate Notes, 4.685% (91-day T-Bill +0.037%), 2/7/2023 | 99,982,364 |
25,750,000 | 1 | United States Treasury Floating Rate Notes, 4.788% (91-day T-Bill +0.140%), 2/7/2023 | 25,714,644 |
25,700,000 | 1 | United States Treasury Floating Rate Notes, 4.848% (91-day T-Bill +0.200%), 2/7/2023 | 25,700,000 |
10,000,000 | United States Treasury Note, 2.500%, 3/31/2023 | 10,013,569 | |
TOTAL U.S. TREASURY | 3,337,066,714 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES—53.4% | |||
$174,560,000 | 2 | Federal Farm Credit System Discount Notes, 2.110% - 4.700%, 2/15/2023 - 11/6/2023 | $172,123,556 |
75,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.310% (SOFR +0.010%), 2/1/2023 | 75,000,000 |
71,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.325% (SOFR +0.025%), 2/1/2023 | 71,000,000 |
11,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.327% (SOFR +0.027%), 2/1/2023 | 10,999,066 |
25,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.330% (SOFR +0.030%), 2/1/2023 | 25,000,000 |
70,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.335% (SOFR +0.035%), 2/1/2023 | 70,000,000 |
69,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.340% (SOFR +0.040%), 2/1/2023 | 69,001,613 |
35,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.345% (SOFR +0.045%), 2/1/2023 | 34,999,722 |
13,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.355% (SOFR +0.055%), 2/1/2023 | 13,000,000 |
20,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.360% (SOFR +0.060%), 2/1/2023 | 20,000,000 |
5,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.365% (SOFR +0.065%), 2/1/2023 | 4,999,824 |
9,500,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.375% (SOFR +0.075%), 2/1/2023 | 9,499,464 |
15,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.400% (SOFR +0.100%), 2/1/2023 | 15,000,000 |
5,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.420% (SOFR +0.120%), 2/1/2023 | 5,002,664 |
20,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.430% (SOFR +0.130%), 2/1/2023 | 20,000,000 |
2,230,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.435% (SOFR +0.135%), 2/1/2023 | 2,231,206 |
10,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.470% (SOFR +0.170%), 2/1/2023 | 10,000,000 |
15,000,000 | Federal Farm Credit System Notes, 4.125%, 10/17/2023 | 14,994,832 | |
448,451,000 | 2 | Federal Home Loan Bank System Discount Notes, 4.200% - 4.370%, 2/1/2023 - 2/24/2023 | 447,746,927 |
50,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.310% (SOFR +0.010%), 2/1/2023 | 50,000,000 |
700,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.320% (SOFR +0.020%), 2/1/2023 | 700,000,000 |
100,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.325% (SOFR +0.025%), 2/1/2023 | 100,000,000 |
405,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.330% (SOFR +0.030%), 2/1/2023 | 405,000,000 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES—continued | |||
$14,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.335% (SOFR +0.035%), 2/1/2023 | $14,000,000 |
450,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.340% (SOFR +0.040%), 2/1/2023 - 2/3/2023 | 450,000,000 |
15,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.345% (SOFR +0.045%), 2/1/2023 | 15,000,000 |
270,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.350% (SOFR +0.050%), 2/1/2023 | 270,000,000 |
85,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.355% (SOFR +0.055%), 2/1/2023 | 85,000,000 |
125,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.360% (SOFR +0.060%), 2/1/2023 | 125,000,000 |
50,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.365% (SOFR +0.065%), 2/1/2023 | 50,000,000 |
146,750,000 | Federal Home Loan Bank System, 2.000% - 5.000%, 2/13/2023 - 2/20/2024 | 146,741,907 | |
150,000,000 | 2 | Tennessee Valley Authority Discount Notes, 4.400%, 2/15/2023 | 149,743,333 |
TOTAL GOVERNMENT AGENCIES | 3,651,084,114 | ||
TOTAL INVESTMENT IN SECURITIES—102.3% (AT AMORTIZED COST)3 | 6,988,150,828 | ||
OTHER ASSETS AND LIABILITIES - NET—(2.3)%4 | (155,093,574) | ||
TOTAL NET ASSETS—100% | $6,833,057,254 |
SOFR | —Secured Overnight Financing Rate |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.014 | 0.001 | 0.0001 | 0.008 | 0.018 | 0.009 |
Net realized gain (loss) | (0.000)1 | (0.000)1 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.014 | 0.001 | 0.0001 | 0.008 | 0.018 | 0.009 |
Less Distributions: | ||||||
Distributions from net investment income | (0.014) | (0.001) | (0.000)1 | (0.008) | (0.018) | (0.009) |
Distributions from net realized gain | — | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.014) | (0.001) | (0.000)1 | (0.008) | (0.018) | (0.009) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.39% | 0.14% | 0.01% | 0.83% | 1.81% | 0.93% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.53%4 | 0.23% | 0.10% | 0.47%5 | 0.52%5 | 0.51%5 |
Net investment income | 2.77%4 | 0.15% | 0.02% | 0.84% | 1.79% | 0.93% |
Expense waiver/reimbursement6 | 0.09%4 | 0.39% | 0.52% | 0.15% | 0.09% | 0.09% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $201,443 | $192,603 | $141,092 | $154,561 | $182,939 | $176,028 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.015 | 0.002 | 0.0001 | 0.011 | 0.021 | 0.012 |
Net realized gain (loss) | (0.000)1 | (0.000)1 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.015 | 0.002 | 0.0001 | 0.011 | 0.021 | 0.012 |
Less Distributions: | ||||||
Distributions from net investment income | (0.015) | (0.002) | (0.000)1 | (0.011) | (0.021) | (0.012) |
Distributions from net realized gain | — | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.015) | (0.002) | (0.000)1 | (0.011) | (0.021) | (0.012) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.55% | 0.23% | 0.01% | 1.10% | 2.13% | 1.23% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.20%4 | 0.12% | 0.10% | 0.20%5 | 0.20%5 | 0.20%5 |
Net investment income | 3.07%4 | 0.21% | 0.02% | 0.95% | 2.11% | 1.21% |
Expense waiver/reimbursement6 | 0.09%4 | 0.17% | 0.19% | 0.09% | 0.09% | 0.09% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $4,006,751 | $3,507,901 | $3,805,176 | $4,366,142 | $3,019,468 | $2,739,607 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.014 | 0.002 | 0.0001 | 0.009 | 0.019 | 0.010 |
Net realized gain (loss) | (0.000)1 | (0.000)1 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.014 | 0.002 | 0.0001 | 0.009 | 0.019 | 0.010 |
Less Distributions: | ||||||
Distributions from net investment income | (0.014) | (0.002) | (0.000)1 | (0.009) | (0.019) | (0.010) |
Distributions from net realized gain | — | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.014) | (0.002) | (0.000)1 | (0.009) | (0.019) | (0.010) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.42% | 0.16% | 0.01% | 0.89% | 1.88% | 0.98% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.45%4 | 0.19% | 0.10% | 0.41%5 | 0.45%5 | 0.45%5 |
Net investment income | 2.76%4 | 0.15% | 0.02% | 0.86% | 1.86% | 0.96% |
Expense waiver/reimbursement6 | 0.09%4 | 0.34% | 0.43% | 0.13% | 0.09% | 0.09% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $2,624,863 | $2,883,277 | $2,825,555 | $2,950,794 | $2,698,641 | $2,651,637 |
January 31, 2023 (unaudited)
Assets: | ||
Investment in securities, at amortized cost and fair value | $6,988,150,828 | |
Cash | 2,194,325 | |
Income receivable | 12,510,919 | |
Receivable for shares sold | 959,185 | |
TOTAL ASSETS | 7,003,815,257 | |
Liabilities: | ||
Payable for investments purchased | $150,000,000 | |
Income distribution payable | 18,363,690 | |
Payable for shares redeemed | 1,493,674 | |
Payable for other service fees (Notes 2 and 4) | 605,190 | |
Payable for investment adviser fee (Note 4) | 22,463 | |
Payable for administrative fee (Note 4) | 14,063 | |
Payable for Directors’/Trustees’ fees (Note 4) | 6,873 | |
Accrued expenses (Note 4) | 252,050 | |
TOTAL LIABILITIES | 170,758,003 | |
Net assets for 6,833,524,704 shares outstanding | $6,833,057,254 | |
Net Assets Consists of: | ||
Paid-in capital | $6,833,534,079 | |
Total distributable earnings (loss) | (476,825) | |
TOTAL NET ASSETS | $6,833,057,254 | |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | ||
Automated Shares: | ||
$201,443,494 ÷ 201,456,628 shares outstanding, no par value, unlimited shares authorized | $1.00 | |
Institutional Shares: | ||
$4,006,750,975 ÷ 4,007,028,661 shares outstanding, no par value, unlimited shares authorized | $1.00 | |
Service Shares: | ||
$2,624,862,785 ÷ 2,625,039,415 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Six Months Ended January 31, 2023 (unaudited)
Investment Income: | |||
Interest | $106,575,223 | ||
Expenses: | |||
Investment adviser fee (Note 4) | $6,562,833 | ||
Administrative fee (Note 4) | 2,569,974 | ||
Custodian fees | 103,945 | ||
Transfer agent fees (Note 2) | 96,504 | ||
Directors’/Trustees’ fees (Note 4) | 19,713 | ||
Auditing fees | 12,683 | ||
Legal fees | 5,347 | ||
Other service fees (Notes 2 and 4) | 3,510,623 | ||
Portfolio accounting fees | 91,851 | ||
Share registration costs | 54,857 | ||
Printing and postage | 21,367 | ||
Miscellaneous (Note 4) | 48,932 | ||
TOTAL EXPENSES | 13,098,629 | ||
Waiver of investment adviser fee (Note 4) | (2,796,904) | ||
Net expenses | 10,301,725 | ||
Net investment income | 96,273,498 | ||
Net realized loss on investments | (407,146) | ||
Change in net assets resulting from operations | $95,866,352 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended 7/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $96,273,498 | $12,437,059 |
Net realized loss | (407,146) | (64,848) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 95,866,352 | 12,372,211 |
Distributions to Shareholders: | ||
Automated Shares | (2,542,806) | (247,878) |
Institutional Shares | (57,469,870) | (8,114,259) |
Service Shares | (36,260,822) | (4,561,767) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (96,273,498) | (12,923,904) |
Share Transactions: | ||
Proceeds from sale of shares | 10,592,541,087 | 15,309,584,999 |
Net asset value of shares issued to shareholders in payment of distributions declared | 20,234,438 | 2,588,694 |
Cost of shares redeemed | (10,363,092,856) | (15,499,663,571) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 249,682,669 | (187,489,878) |
Change in net assets | 249,275,523 | (188,041,571) |
Net Assets: | ||
Beginning of period | 6,583,781,731 | 6,771,823,302 |
End of period | $6,833,057,254 | $6,583,781,731 |
Transfer Agent Fees Incurred | |
Automated Shares | $68,302 |
Institutional Shares | 16,617 |
Service Shares | 11,585 |
TOTAL | $96,504 |
Other Service Fees Incurred | |
Automated Shares | $229,258 |
Service Shares | 3,281,365 |
TOTAL | $3,510,623 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Automated Shares: | Shares | Amount | Shares | Amount |
Shares sold | 150,682,081 | $150,682,081 | 265,079,347 | $265,079,347 |
Shares issued to shareholders in payment of distributions declared | 2,421,365 | 2,421,365 | 236,937 | 236,937 |
Shares redeemed | (144,251,755) | (144,251,755) | (213,792,818) | (213,792,818) |
NET CHANGE RESULTING FROM AUTOMATED SHARE TRANSACTIONS | 8,851,691 | $8,851,691 | 51,523,466 | $51,523,466 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 7,697,047,959 | $7,697,047,959 | 10,486,533,291 | $10,486,533,291 |
Shares issued to shareholders in payment of distributions declared | 15,524,573 | 15,524,573 | 2,115,195 | 2,115,195 |
Shares redeemed | (7,213,476,708) | (7,213,476,708) | (10,785,612,159) | (10,785,612,159) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | 499,095,824 | $499,095,824 | (296,963,673) | $(296,963,673) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,744,811,047 | $2,744,811,047 | 4,557,972,361 | $4,557,972,361 |
Shares issued to shareholders in payment of distributions declared | 2,288,500 | 2,288,500 | 236,562 | 236,562 |
Shares redeemed | (3,005,364,393) | (3,005,364,393) | (4,500,258,594) | (4,500,258,594) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (258,264,846) | $(258,264,846) | 57,950,329 | $57,950,329 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 249,682,669 | $249,682,669 | (187,489,878) | $(187,489,878) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2022 | Ending Account Value 1/31/2023 | Expenses Paid During Period1 | |
Actual: | |||
Automated Shares | $1,000 | $1,013.90 | $2.69 |
Institutional Shares | $1,000 | $1,015.50 | $1.02 |
Service Shares | $1,000 | $1,014.20 | $2.28 |
Hypothetical (assuming a 5% return before expenses): | |||
Automated Shares | $1,000 | $1,022.53 | $2.70 |
Institutional Shares | $1,000 | $1,024.20 | $1.02 |
Service Shares | $1,000 | $1,022.94 | $2.29 |
Automated Shares | 0.53% |
Institutional Shares | 0.20% |
Service Shares | 0.45% |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N856
CUSIP 60934N849
Share Class | Ticker | Institutional | GOTXX |
Federated Hermes Government Obligations Tax-Managed Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
U.S. Treasury Securities | 48.9% |
U.S. Government Agency Securities | 53.4% |
Other Assets and Liabilities—Net2 | (2.3)% |
TOTAL | 100% |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 46.1% |
8-30 Days | 22.9% |
31-90 Days | 27.2% |
91-180 Days | 3.9% |
181 Days or more | 2.2% |
Other Assets and Liabilities—Net2 | (2.3)% |
TOTAL | 100% |
Principal Amount | Value | ||
U.S. TREASURY—48.9% | |||
$29,000,000 | United States Treasury Bill, 3.020%, 6/15/2023 | $28,674,008 | |
50,000,000 | United States Treasury Bill, 3.955%, 10/5/2023 | 48,648,708 | |
26,000,000 | United States Treasury Bill, 4.200%, 2/7/2023 | 25,981,800 | |
75,000,000 | United States Treasury Bill, 4.270%, 3/16/2023 | 74,617,479 | |
50,000,000 | United States Treasury Bill, 4.285%, 3/2/2023 | 49,827,410 | |
200,000,000 | United States Treasury Bill, 4.400%, 3/28/2023 | 198,655,556 | |
100,000,000 | United States Treasury Bill, 4.410%, 4/6/2023 | 99,216,000 | |
200,000,000 | United States Treasury Bill, 4.425%, 4/25/2023 | 197,959,583 | |
100,000,000 | United States Treasury Bill, 4.430%, 3/7/2023 | 99,581,611 | |
25,000,000 | United States Treasury Bill, 4.430%, 4/4/2023 | 24,809,264 | |
100,000,000 | United States Treasury Bill, 4.560%, 4/13/2023 | 99,100,666 | |
100,000,000 | United States Treasury Bill, 4.570%, 5/9/2023 | 98,768,639 | |
81,650,000 | United States Treasury Bill, 4.575%, 4/27/2023 | 80,768,010 | |
185,000,000 | United States Treasury Bills, 3.020% - 4.220%, 2/16/2023 | 184,717,208 | |
169,000,000 | United States Treasury Bills, 3.890% - 4.370%, 2/14/2023 | 168,741,108 | |
200,000,000 | United States Treasury Bills, 4.140% - 4.480%, 2/21/2023 | 199,521,111 | |
150,000,000 | United States Treasury Bills, 4.180% - 4.500%, 2/28/2023 | 149,517,750 | |
354,000,000 | United States Treasury Bills, 4.300% - 4.465%, 3/14/2023 | 352,214,689 | |
350,000,000 | United States Treasury Bills, 4.320% - 4.520%, 3/21/2023 | 347,944,000 | |
201,000,000 | United States Treasury Bills, 4.420% - 4.490%, 2/23/2023 | 200,450,660 | |
240,000,000 | United States Treasury Bills, 4.440% - 4.525%, 3/9/2023 | 238,920,910 | |
35,000,000 | 1 | United States Treasury Floating Rate Notes, 4.573% (91-day T-Bill -0.075%), 2/7/2023 | 34,999,998 |
42,000,000 | 1 | United States Treasury Floating Rate Notes, 4.633% (91-day T-Bill -0.015%), 2/7/2023 | 42,008,787 |
10,000,000 | 1 | United States Treasury Floating Rate Notes, 4.677% (91-day T-Bill +0.029%), 2/7/2023 | 10,010,400 |
120,000,000 | 1 | United States Treasury Floating Rate Notes, 4.682% (91-day T-Bill +0.034%), 2/7/2023 | 120,000,782 |
100,000,000 | 1 | United States Treasury Floating Rate Notes, 4.685% (91-day T-Bill +0.037%), 2/7/2023 | 99,982,364 |
25,750,000 | 1 | United States Treasury Floating Rate Notes, 4.788% (91-day T-Bill +0.140%), 2/7/2023 | 25,714,644 |
25,700,000 | 1 | United States Treasury Floating Rate Notes, 4.848% (91-day T-Bill +0.200%), 2/7/2023 | 25,700,000 |
10,000,000 | United States Treasury Note, 2.500%, 3/31/2023 | 10,013,569 | |
TOTAL U.S. TREASURY | 3,337,066,714 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES—53.4% | |||
$174,560,000 | 2 | Federal Farm Credit System Discount Notes, 2.110% - 4.700%, 2/15/2023 - 11/6/2023 | $172,123,556 |
75,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.310% (SOFR +0.010%), 2/1/2023 | 75,000,000 |
71,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.325% (SOFR +0.025%), 2/1/2023 | 71,000,000 |
11,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.327% (SOFR +0.027%), 2/1/2023 | 10,999,066 |
25,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.330% (SOFR +0.030%), 2/1/2023 | 25,000,000 |
70,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.335% (SOFR +0.035%), 2/1/2023 | 70,000,000 |
69,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.340% (SOFR +0.040%), 2/1/2023 | 69,001,613 |
35,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.345% (SOFR +0.045%), 2/1/2023 | 34,999,722 |
13,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.355% (SOFR +0.055%), 2/1/2023 | 13,000,000 |
20,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.360% (SOFR +0.060%), 2/1/2023 | 20,000,000 |
5,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.365% (SOFR +0.065%), 2/1/2023 | 4,999,824 |
9,500,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.375% (SOFR +0.075%), 2/1/2023 | 9,499,464 |
15,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.400% (SOFR +0.100%), 2/1/2023 | 15,000,000 |
5,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.420% (SOFR +0.120%), 2/1/2023 | 5,002,664 |
20,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.430% (SOFR +0.130%), 2/1/2023 | 20,000,000 |
2,230,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.435% (SOFR +0.135%), 2/1/2023 | 2,231,206 |
10,000,000 | 1 | Federal Farm Credit System Floating Rate Notes, 4.470% (SOFR +0.170%), 2/1/2023 | 10,000,000 |
15,000,000 | Federal Farm Credit System Notes, 4.125%, 10/17/2023 | 14,994,832 | |
448,451,000 | 2 | Federal Home Loan Bank System Discount Notes, 4.200% - 4.370%, 2/1/2023 - 2/24/2023 | 447,746,927 |
50,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.310% (SOFR +0.010%), 2/1/2023 | 50,000,000 |
700,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.320% (SOFR +0.020%), 2/1/2023 | 700,000,000 |
100,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.325% (SOFR +0.025%), 2/1/2023 | 100,000,000 |
405,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.330% (SOFR +0.030%), 2/1/2023 | 405,000,000 |
Principal Amount | Value | ||
GOVERNMENT AGENCIES—continued | |||
$14,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.335% (SOFR +0.035%), 2/1/2023 | $14,000,000 |
450,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.340% (SOFR +0.040%), 2/1/2023 - 2/3/2023 | 450,000,000 |
15,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.345% (SOFR +0.045%), 2/1/2023 | 15,000,000 |
270,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.350% (SOFR +0.050%), 2/1/2023 | 270,000,000 |
85,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.355% (SOFR +0.055%), 2/1/2023 | 85,000,000 |
125,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.360% (SOFR +0.060%), 2/1/2023 | 125,000,000 |
50,000,000 | 1 | Federal Home Loan Bank System Floating Rate Notes, 4.365% (SOFR +0.065%), 2/1/2023 | 50,000,000 |
146,750,000 | Federal Home Loan Bank System, 2.000% - 5.000%, 2/13/2023 - 2/20/2024 | 146,741,907 | |
150,000,000 | 2 | Tennessee Valley Authority Discount Notes, 4.400%, 2/15/2023 | 149,743,333 |
TOTAL GOVERNMENT AGENCIES | 3,651,084,114 | ||
TOTAL INVESTMENT IN SECURITIES—102.3% (AT AMORTIZED COST)3 | 6,988,150,828 | ||
OTHER ASSETS AND LIABILITIES - NET—(2.3)%4 | (155,093,574) | ||
TOTAL NET ASSETS—100% | $6,833,057,254 |
SOFR | —Secured Overnight Financing Rate |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.015 | 0.002 | 0.0001 | 0.011 | 0.021 | 0.012 |
Net realized gain (loss) | (0.000)1 | (0.000)1 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.015 | 0.002 | 0.0001 | 0.011 | 0.021 | 0.012 |
Less Distributions: | ||||||
Distributions from net investment income | (0.015) | (0.002) | (0.000)1 | (0.011) | (0.021) | (0.012) |
Distributions from net realized gain | — | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.015) | (0.002) | (0.000)1 | (0.011) | (0.021) | (0.012) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.55% | 0.23% | 0.01% | 1.10% | 2.13% | 1.23% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.20%4 | 0.12% | 0.10% | 0.20%5 | 0.20%5 | 0.20%5 |
Net investment income | 3.07%4 | 0.21% | 0.02% | 0.95% | 2.11% | 1.21% |
Expense waiver/reimbursement6 | 0.09%4 | 0.17% | 0.19% | 0.09% | 0.09% | 0.09% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $4,006,751 | $3,507,901 | $3,805,176 | $4,366,142 | $3,019,468 | $2,739,607 |
January 31, 2023 (unaudited)
Assets: | ||
Investment in securities, at amortized cost and fair value | $6,988,150,828 | |
Cash | 2,194,325 | |
Income receivable | 12,510,919 | |
Receivable for shares sold | 959,185 | |
TOTAL ASSETS | 7,003,815,257 | |
Liabilities: | ||
Payable for investments purchased | $150,000,000 | |
Income distribution payable | 18,363,690 | |
Payable for shares redeemed | 1,493,674 | |
Payable for other service fees (Notes 2 and 4) | 605,190 | |
Payable for investment adviser fee (Note 4) | 22,463 | |
Payable for administrative fee (Note 4) | 14,063 | |
Payable for Directors’/Trustees’ fees (Note 4) | 6,873 | |
Accrued expenses (Note 4) | 252,050 | |
TOTAL LIABILITIES | 170,758,003 | |
Net assets for 6,833,524,704 shares outstanding | $6,833,057,254 | |
Net Assets Consists of: | ||
Paid-in capital | $6,833,534,079 | |
Total distributable earnings (loss) | (476,825) | |
TOTAL NET ASSETS | $6,833,057,254 | |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | ||
Automated Shares: | ||
$201,443,494 ÷ 201,456,628 shares outstanding, no par value, unlimited shares authorized | $1.00 | |
Institutional Shares: | ||
$4,006,750,975 ÷ 4,007,028,661 shares outstanding, no par value, unlimited shares authorized | $1.00 | |
Service Shares: | ||
$2,624,862,785 ÷ 2,625,039,415 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Six Months Ended January 31, 2023 (unaudited)
Investment Income: | |||
Interest | $106,575,223 | ||
Expenses: | |||
Investment adviser fee (Note 4) | $6,562,833 | ||
Administrative fee (Note 4) | 2,569,974 | ||
Custodian fees | 103,945 | ||
Transfer agent fees (Note 2) | 96,504 | ||
Directors’/Trustees’ fees (Note 4) | 19,713 | ||
Auditing fees | 12,683 | ||
Legal fees | 5,347 | ||
Other service fees (Notes 2 and 4) | 3,510,623 | ||
Portfolio accounting fees | 91,851 | ||
Share registration costs | 54,857 | ||
Printing and postage | 21,367 | ||
Miscellaneous (Note 4) | 48,932 | ||
TOTAL EXPENSES | 13,098,629 | ||
Waiver of investment adviser fee (Note 4) | (2,796,904) | ||
Net expenses | 10,301,725 | ||
Net investment income | 96,273,498 | ||
Net realized loss on investments | (407,146) | ||
Change in net assets resulting from operations | $95,866,352 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended 7/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $96,273,498 | $12,437,059 |
Net realized loss | (407,146) | (64,848) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 95,866,352 | 12,372,211 |
Distributions to Shareholders: | ||
Automated Shares | (2,542,806) | (247,878) |
Institutional Shares | (57,469,870) | (8,114,259) |
Service Shares | (36,260,822) | (4,561,767) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (96,273,498) | (12,923,904) |
Share Transactions: | ||
Proceeds from sale of shares | 10,592,541,087 | 15,309,584,999 |
Net asset value of shares issued to shareholders in payment of distributions declared | 20,234,438 | 2,588,694 |
Cost of shares redeemed | (10,363,092,856) | (15,499,663,571) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 249,682,669 | (187,489,878) |
Change in net assets | 249,275,523 | (188,041,571) |
Net Assets: | ||
Beginning of period | 6,583,781,731 | 6,771,823,302 |
End of period | $6,833,057,254 | $6,583,781,731 |
Transfer Agent Fees Incurred | |
Automated Shares | $68,302 |
Institutional Shares | 16,617 |
Service Shares | 11,585 |
TOTAL | $96,504 |
Other Service Fees Incurred | |
Automated Shares | $229,258 |
Service Shares | 3,281,365 |
TOTAL | $3,510,623 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Automated Shares: | Shares | Amount | Shares | Amount |
Shares sold | 150,682,081 | $150,682,081 | 265,079,347 | $265,079,347 |
Shares issued to shareholders in payment of distributions declared | 2,421,365 | 2,421,365 | 236,937 | 236,937 |
Shares redeemed | (144,251,755) | (144,251,755) | (213,792,818) | (213,792,818) |
NET CHANGE RESULTING FROM AUTOMATED SHARE TRANSACTIONS | 8,851,691 | $8,851,691 | 51,523,466 | $51,523,466 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 7,697,047,959 | $7,697,047,959 | 10,486,533,291 | $10,486,533,291 |
Shares issued to shareholders in payment of distributions declared | 15,524,573 | 15,524,573 | 2,115,195 | 2,115,195 |
Shares redeemed | (7,213,476,708) | (7,213,476,708) | (10,785,612,159) | (10,785,612,159) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | 499,095,824 | $499,095,824 | (296,963,673) | $(296,963,673) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,744,811,047 | $2,744,811,047 | 4,557,972,361 | $4,557,972,361 |
Shares issued to shareholders in payment of distributions declared | 2,288,500 | 2,288,500 | 236,562 | 236,562 |
Shares redeemed | (3,005,364,393) | (3,005,364,393) | (4,500,258,594) | (4,500,258,594) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (258,264,846) | $(258,264,846) | 57,950,329 | $57,950,329 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 249,682,669 | $249,682,669 | (187,489,878) | $(187,489,878) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2022 | Ending Account Value 1/31/2023 | Expenses Paid During Period1 | |
Actual: | $1,000 | $1,015.50 | $1.02 |
Hypothetical (assuming a 5% return before expenses): | $1,000 | $1,024.20 | $1.02 |
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 | MMPXX | Service | MMSXX | Capital | MMLXX |
Eagle | MMMXX |
Federated Hermes Institutional Money Market Management
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 Instruments | 41.2% |
Bank Instruments | 10.7% |
Commercial Paper | 11.3% |
Other Repurchase Agreements and Repurchase Agreements | 36.9% |
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 | 86.1%2 |
8-30 Days | 1.8% |
31-90 Days | 4.8% |
91-180 Days | 5.2% |
181 Days or more | 2.2% |
Other Assets and Liabilities—Net3 | (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 | Overnight securities comprised 29.5% of the Fund’s portfolio. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— 41.2% | ||
Finance - Banking— 33.6% | |||
$ 5,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.650% (SOFR +0.350%), 2/1/2023 | $ 5,000,000 | |
5,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.650% (SOFR +0.350%), 2/1/2023 | 4,999,999 | |
5,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.680% (SOFR +0.380%), 2/1/2023 | 5,001,765 | |
1,500,000 | Bank of Montreal, 4.600% (SOFR +0.300%), 2/1/2023 | 1,500,000 | |
5,000,000 | Bank of Montreal, 4.860% (SOFR +0.560%), 2/1/2023 | 5,005,868 | |
5,000,000 | Bank of Montreal, 4.950% (SOFR +0.650%), 2/1/2023 | 5,000,000 | |
10,000,000 | Bank of Montreal, 5.000% (SOFR +0.700%), 2/1/2023 | 10,000,000 | |
7,500,000 | Bank of Nova Scotia, Toronto, 4.800% (SOFR +0.500%), 2/1/2023 | 7,506,431 | |
1,500,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 1,501,895 | |
1,500,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 1,501,878 | |
10,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 10,016,219 | |
5,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 5,007,133 | |
4,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 4,005,804 | |
3,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 3,005,188 | |
7,500,000 | Bank of Nova Scotia, Toronto, 4.960% (SOFR +0.660%), 2/1/2023 | 7,512,695 | |
4,000,000 | Bank of Nova Scotia, Toronto, 4.970% (SOFR +0.670%), 2/1/2023 | 4,007,126 | |
5,000,000 | Bedford Row Funding Corp., (Royal Bank of Canada GTD), 4.630% (SOFR +0.330%), 2/1/2023 | 5,001,403 | |
2,500,000 | Bedford Row Funding Corp., (Royal Bank of Canada GTD), 4.820% (SOFR +0.520%), 2/1/2023 | 2,500,000 | |
15,000,000 | Canadian Imperial Bank of Commerce, 4.800% (SOFR +0.500%), 2/1/2023 | 15,014,798 | |
5,000,000 | Canadian Imperial Bank of Commerce, 4.850% (SOFR +0.550%), 2/1/2023 | 5,007,029 | |
20,000,000 | Citibank N.A., New York, 4.720% (SOFR +0.420%), 2/1/2023 | 20,008,167 | |
10,000,000 | Citibank N.A., New York, 4.720% (SOFR +0.420%), 2/1/2023 | 10,004,071 | |
10,000,000 | Citibank N.A., New York, 4.770% (SOFR +0.470%), 2/1/2023 | 10,008,683 | |
4,500,000 | City Furniture, Inc., (Wells Fargo Bank, N.A. LOC), 4.530%, 2/2/2023 | 4,500,000 | |
5,000,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 4.730% (SOFR +0.430%), 2/1/2023 | 5,003,089 | |
7,500,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 4.750% (SOFR +0.450%), 2/1/2023 | 7,500,000 | |
5,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.670% (SOFR +0.370%), 2/1/2023 | 5,000,000 | |
5,000,000 | Commonwealth Bank of Australia, 4.730% (SOFR +0.430%), 2/1/2023 | 5,000,000 | |
5,000,000 | Commonwealth Bank of Australia, 4.800% (SOFR +0.500%), 2/1/2023 | 5,000,000 |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 5,000,000 | Commonwealth Bank of Australia, 4.840% (SOFR +0.540%), 2/1/2023 | $ 5,000,000 | |
1,500,000 | Mizuho Bank Ltd., 4.860% (SOFR +0.560%), 2/1/2023 | 1,500,000 | |
2,500,000 | MUFG Bank Ltd., 4.700% (SOFR +0.400%), 2/1/2023 | 2,500,865 | |
7,500,000 | MUFG Bank Ltd., 4.790% (SOFR +0.490%), 2/1/2023 | 7,500,074 | |
2,500,000 | MUFG Bank Ltd., 4.850% (SOFR +0.550%), 2/1/2023 | 2,500,000 | |
10,000,000 | National Australia Bank Ltd., Melbourne, 4.700% (SOFR +0.400%), 2/1/2023 | 10,000,000 | |
5,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 5,004,112 | |
10,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 10,000,000 | |
5,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 5,004,526 | |
2,500,000 | National Australia Bank Ltd., Melbourne, 4.840% (SOFR +0.540%), 2/1/2023 | 2,502,572 | |
2,500,000 | National Australia Bank Ltd., Melbourne, 4.860% (SOFR +0.560%), 2/1/2023 | 2,503,895 | |
5,000,000 | Nordea Bank Abp, 4.540% (SOFR +0.240%), 2/1/2023 | 5,001,161 | |
2,500,000 | Nordea Bank Abp, 4.550% (SOFR +0.250%), 2/1/2023 | 2,500,160 | |
10,000,000 | Nordea Bank Abp, 4.740% (SOFR +0.440%), 2/1/2023 | 10,008,666 | |
10,000,000 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 4.700% (SOFR +0.400%), 2/1/2023 | 10,000,000 | |
5,000,000 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 4.750% (SOFR +0.450%), 2/1/2023 | 5,000,000 | |
10,000,000 | Royal Bank of Canada, 4.850% (SOFR +0.550%), 2/1/2023 | 10,008,966 | |
10,000,000 | Royal Bank of Canada, 5.050% (SOFR +0.750%), 2/1/2023 | 10,021,392 | |
2,500,000 | Royal Bank of Canada, New York Branch, 4.870% (SOFR +0.570%), 2/1/2023 | 2,504,239 | |
5,000,000 | Royal Bank of Canada, New York Branch, 4.880% (SOFR +0.580%), 2/1/2023 | 5,008,038 | |
10,000,000 | Sumitomo Mitsui Trust Bank Ltd., 4.740% (SOFR +0.440%), 2/1/2023 | 10,000,000 | |
15,000,000 | Svenska Handelsbanken, Stockholm, 4.650% (SOFR +0.350%), 2/1/2023 | 15,000,000 | |
6,500,000 | Taxable Tender Option Bond Trust 2021-MIZ9064TX, (Series 2021-MIZ9064TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.850%, 2/2/2023 | 6,500,000 | |
14,223,753 | Taxable Tender Option Bond Trust 2022-MIZ9015TX, (Series 2022-9015TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.590%, 2/1/2023 | 14,223,753 | |
5,150,000 | Taxable Tender Option Bond Trust 2022-MIZ9084TX, (Series 2022-MIZ-9084TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.850%, 2/2/2023 | 5,150,000 | |
3,800,000 | Taxable Tender Option Bond Trust 2022-MIZ9094TX, (Series 2022-MIZ9094TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.850%, 2/2/2023 | 3,800,000 |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 2,000,000 | Toronto Dominion Bank, 4.700% (SOFR +0.400%), 2/1/2023 | $ 2,000,000 | |
2,500,000 | Toronto Dominion Bank, 4.880% (SOFR +0.580%), 2/1/2023 | 2,505,272 | |
2,500,000 | Toronto Dominion Bank, 4.880% (SOFR +0.580%), 2/1/2023 | 2,503,779 | |
2,500,000 | Westpac Banking Corp. Ltd., Sydney, 4.700% (SOFR +0.400%), 2/1/2023 | 2,501,418 | |
12,500,000 | Westpac Banking Corp. Ltd., Sydney, 4.800% (SOFR +0.500%), 2/1/2023 | 12,500,000 | |
5,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.840% (SOFR +0.540%), 2/1/2023 | 5,006,306 | |
2,500,000 | Westpac Banking Corp. Ltd., Sydney, 4.840% (SOFR +0.540%), 2/1/2023 | 2,503,383 | |
TOTAL | 378,381,818 | ||
Finance - Retail— 4.2% | |||
4,000,000 | Chariot Funding LLC, 4.660% (SOFR +0.360%), 2/1/2023 | 4,000,000 | |
10,000,000 | Chariot Funding LLC, 4.850% (SOFR +0.550%), 2/1/2023 | 10,000,000 | |
5,000,000 | Fairway Finance Co. LLC, 4.700% (SOFR +0.400%), 2/1/2023 | 5,000,000 | |
7,500,000 | Old Line Funding, LLC, 4.700% (SOFR +0.400%), 2/1/2023 | 7,500,000 | |
8,000,000 | Old Line Funding, LLC, 4.750% (SOFR +0.450%), 2/1/2023 | 8,000,000 | |
2,500,000 | Old Line Funding, LLC, 4.760% (SOFR +0.460%), 2/1/2023 | 2,500,000 | |
7,500,000 | Old Line Funding, LLC, 4.800% (SOFR +0.500%), 2/1/2023 | 7,500,000 | |
2,500,000 | Old Line Funding, LLC, 4.820% (SOFR +0.520%), 2/1/2023 | 2,500,000 | |
TOTAL | 47,000,000 | ||
Government Agency— 3.4% | |||
8,000,000 | Archer 1 LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 8,000,000 | |
30,000,000 | HW Hellman Building, L.P., (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 30,000,000 | |
TOTAL | 38,000,000 | ||
TOTAL NOTES - VARIABLE (IDENTIFIED COST $463,173,821) | 463,381,818 | ||
2 | COMMERCIAL PAPER— 11.3% | ||
Finance - Banking— 8.5% | |||
5,000,000 | Albion Capital LLC, (MUFG Bank Ltd. LIQ), 4.535%, 2/16/2023 | 4,990,583 | |
48,500,000 | Anglesea Funding LLC, 4.385% - 5.034%, 2/1/2023 - 7/19/2023 | 48,405,055 | |
5,000,000 | Bank of Montreal, 2.800%, 5/9/2023 | 4,974,034 | |
2,000,000 | Canadian Imperial Bank of Commerce, 2.069%, 3/20/2023 | 1,988,005 | |
4,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 5.055%, 7/24/2023 | 3,904,609 | |
5,000,000 | Gotham Funding Corp., (MUFG Bank Ltd. LIQ), 4.823%, 5/5/2023 | 4,938,365 | |
1,500,000 | National Australia Bank Ltd., Melbourne, 3.843%, 6/15/2023 | 1,472,663 | |
5,000,000 | Royal Bank of Canada, 4.049%, 8/23/2023 | 4,861,393 | |
15,000,000 | Toronto Dominion Bank, 2.051% - 2.903%, 3/17/2023 - 5/31/2023 | 14,796,066 |
Principal Amount | Value | ||
2 | COMMERCIAL PAPER— continued | ||
Finance - Banking— continued | |||
$ 5,000,000 | Victory Receivables Corp., (MUFG Bank Ltd. LIQ), 4.809%, 4/17/2023 | $ 4,950,136 | |
TOTAL | 95,280,909 | ||
Finance - Retail— 0.6% | |||
2,500,000 | Fairway Finance Co. LLC, 5.043%, 7/24/2023 | 2,439,656 | |
5,000,000 | Thunder Bay Funding, LLC, 5.091%, 8/2/2023 | 4,874,622 | |
TOTAL | 7,314,278 | ||
Oil & Oil Finance— 0.9% | |||
10,000,000 | TotalEnergies Capital Canada Ltd., 4.351%, 2/3/2023 | 9,997,589 | |
Sovereign— 1.3% | |||
10,000,000 | BNG Bank N.V., 4.340%, 2/1/2023 | 10,000,000 | |
5,000,000 | Export Development Canada, (Canada, Government of SUB), 5.203%, 11/9/2023 | 4,804,861 | |
TOTAL | 14,804,861 | ||
TOTAL COMMERCIAL PAPER (IDENTIFIED COST $127,553,689) | 127,397,637 | ||
CERTIFICATES OF DEPOSIT— 5.8% | |||
Finance - Banking— 5.8% | |||
7,500,000 | Bank of Montreal, 2.850% - 5.470%, 5/24/2023 - 1/8/2024 | 7,496,926 | |
19,500,000 | Mizuho Bank Ltd., 4.360% - 4.810%, 2/1/2023 - 5/4/2023 | 19,500,302 | |
17,500,000 | Sumitomo Mitsui Trust Bank Ltd., 4.770% - 4.830%, 4/13/2023 - 5/16/2023 | 17,502,184 | |
16,000,000 | Toronto Dominion Bank, 2.800% - 4.070%, 5/5/2023 - 7/18/2023 | 15,915,478 | |
5,000,000 | Toronto Dominion Bank, 5.250%, 1/25/2024 | 5,000,435 | |
TOTAL CERTIFICATES OF DEPOSIT (IDENTIFIED COST $65,499,945) | 65,415,325 | ||
TIME DEPOSIT— 4.9% | |||
Finance - Banking— 4.9% | |||
55,000,000 | ABN Amro Bank NV, 4.330%, 2/2/2023 (IDENTIFIED COST $55,000,000) | 55,000,000 | |
OTHER REPURCHASE AGREEMENTS— 17.3% | |||
Finance - Banking— 17.3% | |||
10,000,000 | BMO Capital Markets Corp., 4.42%, dated 1/31/2023, interest in a $325,000,000 collateralized loan agreement will repurchase securities provided as collateral for $325,039,903 on 2/1/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and U.S. Government Agency securities with a market value of $331,540,701 have been received as collateral and held with BNY Mellon as tri-party agent. | 10,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 15,000,000 | BNP Paribas S.A., 4.40%, dated 1/31/2023, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,042,778 on 2/1/2023, in which asset-backed securities, corporate bonds, medium-term notes, U.S. Government Agency securities and sovereign debt with a market value of $358,110,649 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 15,000,000 | |
15,000,000 | BofA Securities, Inc., 4.39%, dated 1/31/2023, interest in a $75,000,000 collateralized loan agreement will repurchase securities provided as collateral for $75,009,146 on 2/03/2023, in which corporate bonds with a market value of $76,509,399 have been received as collateral and held with BNY Mellon as tri-party agent. | 15,000,000 | |
15,000,000 | BofA Securities, Inc., 4.39%, dated 1/31/2023, interest in a $75,000,000 collateralized loan agreement will repurchase securities provided as collateral for $75,009,146 on 2/03/2023, in which corporate bonds with a market value of $76,509,399 have been received as collateral and held with BNY Mellon as tri-party agent. | 15,000,000 | |
25,000,000 | BofA Securities, Inc., 5.11%, dated 12/6/2022, interest in a $225,000,000 collateralized loan agreement will repurchase securities provided as collateral for $226,117,813 on 3/10/2023, in which asset-backed securities and collateralized mortgage obligations with a market value of $229,530,919 have been received as collateral and held with BNY Mellon as tri-party agent. | 25,000,000 | |
45,000,000 | Credit Agricole S.A., 4.72%, dated 6/24/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,275,333 on 2/10/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and sovereign debt with a market value of $306,126,468 have been received as collateral and held with BNY Mellon as tri-party agent. | 45,000,000 | |
5,000,000 | HSBC Securities (USA), Inc., 4.52%, dated 1/31/2023, interest in a $5,000,000 collateralized loan agreement will repurchase securities provided as collateral for $5,000,628 on 2/1/2023, in which corporate bonds and medium-term notes with a market value of $5,100,443 have been received as collateral and held with BNY Mellon as tri-party agent. | 5,000,000 | |
25,000,000 | J.P. Morgan Securities LLC, 4.82%, dated 1/23/2023, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $251,004,167 on 2/01/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign securities with a market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 25,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 15,000,000 | Pershing LLC, 4.82%, dated 7/14/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,281,167 on 2/10/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, commercial paper, common stocks, convertible bonds, certificates of deposit, exchange traded funds, medium-term notes, municipal bonds, mutual funds and sovereign debt with a market value of $306,038,845 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 15,000,000 | |
24,000,000 | Societe Generale, Paris, 4.47%, dated 1/31/2023, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,080,708 on 2/1/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign debt with a market value of $663,082,322 have been received as collateral and held with BNY Mellon as tri-party agent. | 24,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS (IDENTIFIED COST $194,000,000) | 194,000,000 | ||
REPURCHASE AGREEMENTS— 19.6% | |||
Finance - Banking— 19.6% | |||
50,000,000 | Interest in $1,650,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $1,650,197,083 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/1/2053 and the market value of those underlying securities was $1,683,201,025. | 50,000,000 | |
170,824,000 | Interest in $2,000,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Sumitomo Mitsui Banking Corp. will repurchase securities provided as collateral for $2,000,238,889 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 10/20/2052 and the market value of those underlying securities was $2,040,243,667. | 170,824,000 | |
TOTAL REPURCHASE AGREEMENTS (IDENTIFIED COST $220,824,000) | 220,824,000 | ||
TOTAL INVESTMENT IN SECURITIES—100.1% (IDENTIFIED COST $1,126,051,455)3 | 1,126,018,780 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.1)%4 | (1,341,858) | ||
TOTAL NET ASSETS—100% | $1,124,676,922 |
1 | Floating/variable note with current rate and current maturity or next reset date shown. |
2 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
3 | Also represents cost of investments for federal tax purposes. |
4 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
GTD | —Guaranteed | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
SOFR | —Secured Overnight Financing Rate | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $0.9992 | $0.9998 | $1.0000 | $0.9998 | $0.9997 | $1.0001 |
Income From Investment Operations: | ||||||
Net investment income | 0.0170 | 0.0036 | 0.0006 | 0.0141 | 0.0238 | 0.0157 |
Net realized and unrealized gain (loss) | 0.0005 | (0.0006) | (0.0002) | 0.0002 | 0.0001 | (0.0004) |
Total From Investment Operations | 0.0175 | 0.0030 | 0.0004 | 0.0143 | 0.0239 | 0.0153 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0170) | (0.0036) | (0.0006) | (0.0141) | (0.0238) | (0.0157) |
Distributions from net realized gain | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 |
Total Distributions | (0.0170) | (0.0036) | (0.0006) | (0.0141) | (0.0238) | (0.0157) |
Net Asset Value, End of Period | $0.9997 | $0.9992 | $0.9998 | $1.0000 | $0.9998 | $0.9997 |
Total Return2 | 1.76% | 0.30% | 0.04% | 1.44% | 2.42% | 1.54% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.15%4 | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% |
Net investment income | 3.38%4 | 0.37% | 0.07% | 1.20% | 2.39% | 1.47% |
Expense waiver/reimbursement5 | 0.17%4 | 0.18% | 0.17% | 0.21% | 1.02% | 0.81% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,120,063 | $1,085,231 | $1,033,664 | $1,353,697 | $66,410 | $34,986 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $0.9991 | $0.9998 | $0.9999 | $0.9997 | $0.9997 | $1.0001 |
Income From Investment Operations: | ||||||
Net investment income | 0.0208 | 0.0027 | 0.0001 | 0.0115 | 0.0213 | 0.0133 |
Net realized and unrealized gain (loss) | (0.0045) | (0.0008) | (0.0001) | 0.0003 | 0.00001 | (0.0005) |
Total From Investment Operations | 0.0163 | 0.0019 | 0.00001 | 0.0118 | 0.0213 | 0.0128 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0157) | (0.0026) | (0.0001) | (0.0116) | (0.0213) | (0.0132) |
Distributions from net realized gain | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 |
Total Distributions | (0.0157) | (0.0026) | (0.0001) | (0.0116) | (0.0213) | (0.0132) |
Net Asset Value, End of Period | $0.9997 | $0.9991 | $0.9998 | $0.9999 | $0.9997 | $0.9997 |
Total Return2 | 1.65% | 0.19% | 0.00%3 | 1.18% | 2.15% | 1.28% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.40%5 | 0.22% | 0.20% | 0.40% | 0.40% | 0.40% |
Net investment income | 2.70%5 | 0.17% | 0.01% | 0.98% | 2.16% | 1.25% |
Expense waiver/reimbursement6 | 0.17%5 | 0.36% | 0.38% | 0.27% | 1.02% | 0.85% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $20 | $420 | $1,138 | $781 | $560 | $499 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Represents less than 0.01%. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $0.9992 | $0.9998 | $1.0000 | $0.9998 | $0.9997 | $1.0001 |
Income From Investment Operations: | ||||||
Net investment income | 0.0165 | 0.0031 | 0.0002 | 0.0131 | 0.0228 | 0.0147 |
Net realized and unrealized gain (loss) | 0.0005 | (0.0006) | (0.0002) | 0.0002 | 0.0001 | (0.0004) |
Total From Investment Operations | 0.0170 | 0.0025 | 0.00001 | 0.0133 | 0.0229 | 0.0143 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0165) | (0.0031) | (0.0002) | (0.0131) | (0.0228) | (0.0147) |
Distributions from net realized gain | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 |
Total Distributions | (0.0165) | (0.0031) | (0.0002) | (0.0131) | (0.0228) | (0.0147) |
Net Asset Value, End of Period | $0.9997 | $0.9992 | $0.9998 | $1.0000 | $0.9998 | $0.9997 |
Total Return2 | 1.71% | 0.26% | 0.00%3 | 1.33% | 2.32% | 1.44% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.25%5 | 0.19% | 0.20% | 0.25% | 0.25% | 0.25% |
Net investment income | 3.28%5 | 0.31% | 0.02% | 1.31% | 2.28% | 1.44% |
Expense waiver/reimbursement6 | 0.17%5 | 0.24% | 0.23% | 0.28% | 1.04% | 0.86% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $182 | $179 | $178 | $181 | $178 | $174 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Represents less than 0.01%. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $0.9992 | $0.9998 | $1.0000 | $0.9998 | $0.9997 | $1.0001 |
Income From Investment Operations: | ||||||
Net investment income | 0.0157 | 0.0026 | 0.0001 | 0.0122 | 0.0218 | 0.0137 |
Net realized and unrealized gain (loss) | 0.0005 | (0.0006) | (0.0002) | 0.0001 | 0.0001 | (0.0004) |
Total From Investment Operations | 0.0162 | 0.0020 | (0.0001) | 0.0123 | 0.0219 | 0.0133 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0157) | (0.0026) | (0.0001) | (0.0121) | (0.0218) | (0.0137) |
Distributions from net realized gain | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 |
Total Distributions | (0.0157) | (0.0026) | (0.0001) | (0.0121) | (0.0218) | (0.0137) |
Net Asset Value, End of Period | $0.9997 | $0.9992 | $0.9998 | $1.0000 | $0.9998 | $0.9997 |
Total Return2 | 1.64% | 0.20% | (0.01)% | 1.23% | 2.21% | 1.33% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.40%4 | 0.24% | 0.20% | 0.35% | 0.35% | 0.35% |
Net investment income | 3.12%4 | 0.24% | 0.01% | 1.21% | 2.18% | 1.32% |
Expense waiver/reimbursement5 | 0.17%4 | 0.33% | 0.37% | 0.29% | 1.04% | 0.85% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $4,412 | $4,550 | $4,781 | $4,918 | $5,216 | $6,275 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
January 31, 2023 (unaudited)
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $414,824,000 |
Investment in securities | 711,194,780 |
Investment in securities, at value (identified cost $1,126,051,455) | 1,126,018,780 |
Income receivable | 2,568,820 |
Total Assets | 1,128,587,600 |
Liabilities: | |
Payable to bank | 3,469 |
Income distribution payable | 3,846,399 |
Payable for investment adviser fee (Note 5) | 1,036 |
Payable for administrative fee (Note 5) | 2,412 |
Payable for Directors’/Trustees’ fees (Note 5) | 1,285 |
Accrued expenses (Note 5) | 56,077 |
Total Liabilities | 3,910,678 |
Net assets for 1,125,031,374 shares outstanding | $1,124,676,922 |
Net Assets Consist of: | |
Paid-in capital | $1,124,709,961 |
Total distributable earnings (loss) | (33,039) |
Total Net Assets | $1,124,676,922 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share | |
Institutional Shares: | |
$1,120,063,085 ÷ 1,120,416,199 shares outstanding, no par value, unlimited shares authorized | $0.9997 |
Service Shares: | |
$20,095 ÷ 20,101 shares outstanding, no par value, unlimited shares authorized | $0.9997 |
Capital Shares: | |
$181,735 ÷ 181,794 shares outstanding, no par value, unlimited shares authorized | $0.9997 |
Eagle Shares: | |
$4,412,007 ÷ 4,413,280 shares outstanding, no par value, unlimited shares authorized | $0.9997 |
Six Months Ended January 31, 2023 (unaudited)
Investment Income: | |
Interest | $19,525,093 |
Expenses: | |
Investment adviser fee (Note 5) | 1,104,322 |
Administrative fee (Note 5) | 432,726 |
Custodian fees | 26,379 |
Transfer agent fees | 11,972 |
Directors’/Trustees’ fees (Note 5) | 3,543 |
Auditing fees | 11,073 |
Legal fees | 5,143 |
Portfolio accounting fees | 98,720 |
Other service fees (Notes 2 and 5) | 5,738 |
Share registration costs | 47,239 |
Printing and postage | 10,952 |
Miscellaneous (Note 5) | 26,985 |
TOTAL EXPENSES | 1,784,792 |
Waiver of investment adviser fee (Note 5) | (923,757) |
Net expenses | 861,035 |
Net investment income | 18,664,058 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized gain on investments | 804 |
Net change in unrealized depreciation of investments | 555,015 |
Net realized and unrealized gain (loss) on investments | 555,819 |
Change in net assets resulting from operations | $19,219,877 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended 7/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $18,664,058 | $3,952,061 |
Net realized gain (loss) | 804 | 2,780 |
Net change in unrealized appreciation/depreciation | 555,015 | (674,073) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 19,219,877 | 3,280,768 |
Distributions to Shareholders: | ||
Institutional Shares | (18,597,429) | (3,938,343) |
Service Shares | (3,962) | (1,396) |
Capital Shares | (2,973) | (562) |
Eagle Shares | (66,164) | (11,262) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (18,670,528) | (3,951,563) |
Share Transactions: | ||
Proceeds from sale of shares | 218,539,443 | 272,244,134 |
Net asset value of shares issued to shareholders in payment of distributions declared | 905,112 | 148,948 |
Cost of shares redeemed | (185,696,925) | (221,103,337) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 33,747,630 | 51,289,745 |
Change in net assets | 34,296,979 | 50,618,950 |
Net Assets: | ||
Beginning of period | 1,090,379,943 | 1,039,760,993 |
End of period | $1,124,676,922 | $1,090,379,943 |
Other Service Fees Incurred | |
Service Shares | $368 |
Capital Shares | 90 |
Eagle Shares | 5,280 |
TOTAL | $5,738 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 214,936,069 | $214,798,696 | 263,484,507 | $263,336,933 |
Shares issued to shareholders in payment of distributions declared | 837,616 | 837,123 | 137,289 | 137,190 |
Shares redeemed | (181,471,480) | (181,350,868) | (211,358,360) | (211,239,946) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | 34,302,205 | $34,284,951 | 52,263,436 | $52,234,177 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 3,021,334 | $3,019,046 | 8,119,057 | $8,114,658 |
Shares issued to shareholders in payment of distributions declared | 311 | 311 | 52 | 52 |
Shares redeemed | (3,422,089) | (3,419,482) | (8,836,748) | (8,831,908) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (400,444) | $(400,125) | (717,639) | $(717,198) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | — | $— | — | $— |
Shares issued to shareholders in payment of distributions declared | 2,973 | 2,970 | 562 | 562 |
Shares redeemed | — | — | — | — |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | 2,973 | $2,970 | 562 | $562 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Eagle Shares: | Shares | Amount | Shares | Amount |
Shares sold | 722,095 | $721,701 | 792,916 | $792,543 |
Shares issued to shareholders in payment of distributions declared | 64,746 | 64,708 | 11,152 | 11,144 |
Shares redeemed | (927,181) | (926,575) | (1,032,026) | (1,031,483) |
NET CHANGE RESULTING FROM EAGLE SHARE TRANSACTIONS | (140,340) | $(140,166) | (227,958) | $(227,796) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 33,764,394 | $33,747,630 | 51,318,401 | $51,289,745 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2022 | Ending Account Value 1/31/2023 | Expenses Paid During Period1 | |
Actual: | |||
Institutional Shares | $1,000 | $1,017.60 | $0.76 |
Service Shares | $1,000 | $1,016.50 | $2.03 |
Capital Shares | $1,000 | $1,017.10 | $1.27 |
Eagle Shares | $1,000 | $1,016.40 | $2.03 |
Hypothetical (assuming a 5% return before expenses): | |||
Institutional Shares | $1,000 | $1,024.45 | $0.77 |
Service Shares | $1,000 | $1,023.19 | $2.04 |
Capital Shares | $1,000 | $1,023.95 | $1.28 |
Eagle Shares | $1,000 | $1,023.19 | $2.04 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Institutional Shares | 0.15% |
Service Shares | 0.40% |
Capital Shares | 0.25% |
Eagle Shares | 0.40% |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 608919742
CUSIP 608919759
CUSIP 60934N211
Share Class | Ticker | Automated | PTAXX | R | PTRXX | Wealth | PCOXX |
Advisor | PCVXX | Service | PRCXX | Cash II | PCDXX | |
Cash Series | PTSXX | Capital | PCCXX | Trust | PTTXX |
Federated Hermes Prime Cash Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Variable Rate Instruments | 28.4% |
Other Repurchase Agreements and Repurchase Agreements | 26.1% |
Bank Instruments | 22.6% |
Commercial Paper | 12.7% |
U.S. Treasury Securities | 4.1% |
Cash Equivalent2 | 3.9% |
Other Assets and Liabilities—Net3 | 2.2% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. With respect to this table, Commercial Paper includes commercial paper with interest rates that are fixed or that reset periodically. |
2 | Cash Equivalents include any investments in money market mutual funds. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days2 | 81.3% |
8-30 Days | 7.0% |
31-90 Days | 3.2% |
91-180 Days | 4.5% |
181 Days or more | 1.8% |
Other Assets and Liabilities—Net3 | 2.2% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Overnight securities comprised 31.4% of the Fund’s portfolio. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount or Shares | Value | ||
1 | NOTES - VARIABLE— 28.4% | ||
Aerospace/Auto— 0.2% | |||
$ 75,000,000 | Toyota Motor Credit Corp., (Toyota Motor Corp. Support Agreement), 4.670% (SOFR +0.370%), 2/1/2023 | $ 75,000,000 | |
Finance - Banking— 24.6% | |||
50,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.650% (SOFR +0.350%), 2/1/2023 | 50,000,000 | |
150,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.650% (SOFR +0.350%), 2/1/2023 | 149,999,970 | |
65,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.680% (SOFR +0.380%), 2/1/2023 | 65,000,000 | |
73,500,000 | Bank of Montreal, 4.600% (SOFR +0.300%), 2/1/2023 | 73,500,000 | |
250,000,000 | Bank of Montreal, 4.900% (SOFR +0.600%), 2/1/2023 | 250,000,000 | |
85,000,000 | Bank of Montreal, 4.950% (SOFR +0.650%), 2/1/2023 | 85,000,000 | |
195,000,000 | Bank of Montreal, 5.000% (SOFR +0.700%), 2/1/2023 | 195,000,000 | |
20,000,000 | Bank of Nova Scotia, Toronto, 4.550% (SOFR +0.250%), 2/1/2023 | 20,000,000 | |
50,000,000 | Bank of Nova Scotia, Toronto, 4.740% (SOFR +0.440%), 2/1/2023 | 50,000,000 | |
206,000,000 | Bank of Nova Scotia, Toronto, 4.800% (SOFR +0.500%), 2/1/2023 | 206,000,000 | |
92,000,000 | Bank of Nova Scotia, Toronto, 4.820% (SOFR +0.520%), 2/1/2023 | 92,050,036 | |
20,000,000 | Bank of Nova Scotia, Toronto, 4.830% (SOFR +0.530%), 2/1/2023 | 20,000,000 | |
40,000,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 40,000,000 | |
65,000,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 65,000,000 | |
55,000,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 55,000,000 | |
150,000,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 150,000,000 | |
55,000,000 | Bank of Nova Scotia, Toronto, 4.870% (SOFR +0.570%), 2/1/2023 | 54,999,896 | |
46,500,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 46,499,928 | |
70,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 70,000,000 | |
86,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 86,000,000 | |
150,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 150,000,000 | |
135,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 135,000,000 | |
142,500,000 | Bank of Nova Scotia, Toronto, 4.960% (SOFR +0.660%), 2/1/2023 | 142,500,000 | |
73,300,000 | Bank of Nova Scotia, Toronto, 4.970% (SOFR +0.670%), 2/1/2023 | 73,300,000 | |
70,000,000 | Bedford Row Funding Corp., (Royal Bank of Canada GTD), 4.630% (SOFR +0.330%), 2/1/2023 | 70,000,000 | |
72,500,000 | Bedford Row Funding Corp., (Royal Bank of Canada GTD), 4.820% (SOFR +0.520%), 2/1/2023 | 72,500,000 | |
50,000,000 | Bedford Row Funding Corp., (Royal Bank of Canada GTD), 4.900% (SOFR +0.600%), 2/1/2023 | 50,000,000 | |
249,000,000 | Bedford Row Funding Corp., (Royal Bank of Canada GTD), 4.910% (SOFR +0.610%), 2/1/2023 | 249,000,000 |
Principal Amount or Shares | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 18,750,000 | Canadian Imperial Bank of Commerce, 4.800% (SOFR +0.500%), 2/1/2023 | $ 18,750,000 | |
250,000,000 | Canadian Imperial Bank of Commerce, 4.800% (SOFR +0.500%), 2/1/2023 | 250,000,000 | |
80,000,000 | Canadian Imperial Bank of Commerce, 4.850% (SOFR +0.550%), 2/1/2023 | 80,000,000 | |
130,000,000 | Citibank N.A., New York, 4.720% (SOFR +0.420%), 2/1/2023 | 130,000,000 | |
300,000,000 | Citibank N.A., New York, 4.720% (SOFR +0.420%), 2/1/2023 | 300,000,000 | |
390,000,000 | Citibank N.A., New York, 4.770% (SOFR +0.470%), 2/1/2023 | 390,000,000 | |
191,000,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 4.710% (SOFR +0.410%), 2/1/2023 | 191,000,000 | |
80,000,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 4.730% (SOFR +0.430%), 2/1/2023 | 80,000,000 | |
60,000,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 4.750% (SOFR +0.450%), 2/1/2023 | 60,000,000 | |
40,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.670% (SOFR +0.370%), 2/1/2023 | 40,000,000 | |
60,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.800% (SOFR +0.500%), 2/1/2023 | 60,000,000 | |
65,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.810% (SOFR +0.510%), 2/1/2023 | 65,000,000 | |
45,000,000 | Commonwealth Bank of Australia, 4.800% (SOFR +0.500%), 2/1/2023 | 45,000,000 | |
39,000,000 | Commonwealth Bank of Australia, 4.840% (SOFR +0.540%), 2/1/2023 | 39,000,000 | |
745,000 | Fiore Capital LLC, (Wells Fargo Bank, N.A. LOC), 4.450%, 2/2/2023 | 745,000 | |
490,000 | Gadsden, AL Airport Authority, Series 2004, (Wells Fargo Bank, N.A. LOC), 4.510%, 2/2/2023 | 490,000 | |
145,000,000 | Mizuho Bank Ltd., 4.860% (SOFR +0.560%), 2/1/2023 | 145,000,000 | |
100,000,000 | Mizuho Bank Ltd., 4.880% (SOFR +0.580%), 2/1/2023 | 100,000,000 | |
355,000 | Montgomery, AL IDB, (Wells Fargo Bank, N.A. LOC), 4.430%, 2/2/2023 | 355,000 | |
165,000,000 | MUFG Bank Ltd., 4.700% (SOFR +0.400%), 2/1/2023 | 165,000,000 | |
225,000,000 | MUFG Bank Ltd., 4.850% (SOFR +0.550%), 2/1/2023 | 225,000,000 | |
138,500,000 | National Australia Bank Ltd., Melbourne, 4.700% (SOFR +0.400%), 2/1/2023 | 138,500,000 | |
100,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 100,000,000 | |
100,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 100,000,000 | |
160,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 160,000,000 | |
150,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 150,000,000 |
Principal Amount or Shares | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 125,000,000 | National Australia Bank Ltd., Melbourne, 4.840% (SOFR +0.540%), 2/1/2023 | $ 125,000,000 | |
300,000,000 | National Australia Bank Ltd., Melbourne, 4.860% (SOFR +0.560%), 2/1/2023 | 300,000,000 | |
245,000,000 | Nordea Bank Abp, 4.540% (SOFR +0.240%), 2/1/2023 | 245,000,000 | |
110,000,000 | Nordea Bank Abp, 4.550% (SOFR +0.250%), 2/1/2023 | 110,000,000 | |
300,000,000 | Nordea Bank Abp, 4.740% (SOFR +0.440%), 2/1/2023 | 300,000,000 | |
55,000,000 | Nordea Bank Abp, 4.800% (SOFR +0.500%), 2/1/2023 | 55,000,000 | |
19,670,000 | Osprey Properties Limited Partnership, LLLP & Nighthawk Properties, LLC, Series 2008, (Wells Fargo Bank, N.A. LOC), 4.510%, 2/2/2023 | 19,670,000 | |
29,435,000 | Panel Rey S.A., Series 2016, (Citibank N.A., New York LOC), 4.400%, 2/2/2023 | 29,435,000 | |
150,000,000 | 2 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 4.700% (SOFR +0.400%), 2/1/2023 | 150,000,000 |
60,000,000 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 4.750% (SOFR +0.450%), 2/1/2023 | 60,000,000 | |
90,000,000 | Royal Bank of Canada, 4.850% (SOFR +0.550%), 2/1/2023 | 90,000,000 | |
200,000,000 | Royal Bank of Canada, 5.050% (SOFR +0.750%), 2/1/2023 | 200,000,000 | |
112,500,000 | Royal Bank of Canada, New York Branch, 4.870% (SOFR +0.570%), 2/1/2023 | 112,500,000 | |
165,000,000 | Sumitomo Mitsui Trust Bank Ltd., 4.740% (SOFR +0.440%), 2/1/2023 | 165,000,000 | |
250,000,000 | Svenska Handelsbanken, Stockholm, 4.650% (SOFR +0.350%), 2/1/2023 | 250,000,000 | |
100,000,000 | Svenska Handelsbanken, Stockholm, 4.860% (SOFR +0.560%), 2/1/2023 | 100,000,000 | |
121,508,630 | Taxable Tender Option Bond Trust 2021-MIZ9060TX, (Series 2021-MIZ9060TX) VRDNs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.590%, 2/1/2023 | 121,508,630 | |
118,000,000 | Toronto Dominion Bank, 4.700% (SOFR +0.400%), 2/1/2023 | 118,000,000 | |
130,000,000 | Toronto Dominion Bank, 4.880% (SOFR +0.580%), 2/1/2023 | 130,000,000 | |
170,000,000 | Toronto Dominion Bank, 4.880% (SOFR +0.580%), 2/1/2023 | 170,000,000 | |
200,000,000 | Toronto Dominion Bank, 4.980% (SOFR +0.680%), 2/1/2023 | 200,100,162 | |
14,000,000 | Triborough Bridge & Tunnel Authority, NY, (Series E Taxable) Weekly VRDNs, (UBS AG LOC), 4.350%, 2/2/2023 | 14,000,000 | |
65,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.700% (SOFR +0.400%), 2/1/2023 | 65,000,000 | |
20,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.800% (SOFR +0.500%), 2/1/2023 | 20,000,000 | |
250,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.800% (SOFR +0.500%), 2/1/2023 | 250,000,000 | |
200,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.840% (SOFR +0.540%), 2/1/2023 | 200,000,000 |
Principal Amount or Shares | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 25,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.840% (SOFR +0.540%), 2/1/2023 | $ 24,999,998 | |
TOTAL | 9,425,403,620 | ||
Finance - Retail— 2.7% | |||
85,000,000 | Chariot Funding LLC, 4.660% (SOFR +0.360%), 2/1/2023 | 85,000,000 | |
55,000,000 | Chariot Funding LLC, 4.850% (SOFR +0.550%), 2/1/2023 | 55,000,000 | |
100,000,000 | Chariot Funding LLC, 4.880% (SOFR +0.580%), 2/1/2023 | 100,000,000 | |
100,000,000 | Chariot Funding LLC, 4.930% (SOFR +0.630%), 2/1/2023 | 100,000,000 | |
50,000,000 | Fairway Finance Co. LLC, 4.700% (SOFR +0.400%), 2/1/2023 | 50,000,000 | |
50,000,000 | Fairway Finance Co. LLC, 4.750% (SOFR +0.450%), 2/1/2023 | 50,000,000 | |
50,000,000 | Fairway Finance Co. LLC, 4.900% (SOFR +0.600%), 2/1/2023 | 50,000,000 | |
40,000,000 | Old Line Funding, LLC, 4.750% (SOFR +0.450%), 2/1/2023 | 40,000,000 | |
50,000,000 | Old Line Funding, LLC, 4.760% (SOFR +0.460%), 2/1/2023 | 50,000,000 | |
100,000,000 | Old Line Funding, LLC, 4.770% (SOFR +0.470%), 2/1/2023 | 100,000,000 | |
50,000,000 | Old Line Funding, LLC, 4.800% (SOFR +0.500%), 2/1/2023 | 50,000,000 | |
57,500,000 | Old Line Funding, LLC, 4.820% (SOFR +0.520%), 2/1/2023 | 57,500,000 | |
15,000,000 | Old Line Funding, LLC, 4.840% (SOFR +0.540%), 2/1/2023 | 15,000,000 | |
25,000,000 | Thunder Bay Funding, LLC, 4.730% (SOFR +0.430%), 2/1/2023 | 25,000,000 | |
100,000,000 | Thunder Bay Funding, LLC, 4.770% (SOFR +0.470%), 2/1/2023 | 100,000,000 | |
100,000,000 | Thunder Bay Funding, LLC, 4.870% (SOFR +0.570%), 2/1/2023 | 100,000,000 | |
TOTAL | 1,027,500,000 | ||
Government Agency— 0.9% | |||
5,915,000 | 1320 W Jefferson LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/1/2023 | 5,915,000 | |
4,925,000 | Andrew Long Irrevocable Family Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 4,925,000 | |
2,700,000 | Archer 1 LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 2,700,000 | |
2,100,000 | BWF Forge TL Properties Owner LLC, (Federal Home Loan Bank of Des Moines LOC)/(Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 2,100,000 | |
1,555,000 | CMR LLC, CMR LLC Project Series 2017, (Federal Home Loan Bank of Indianapolis LOC), 4.520%, 2/2/2023 | 1,555,000 | |
5,420,000 | Dennis Wesley Company, Inc., The Dennis Wesley Company, Inc. Project, (Federal Home Loan Bank of Indianapolis LOC), 4.400%, 2/2/2023 | 5,420,000 | |
6,130,000 | Frank Dale Insurance Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 6,130,000 | |
11,100,000 | Ivy Row at South, LLC, (Federal Home Loan Bank of Atlanta LOC), 4.400%, 2/2/2023 | 11,100,000 | |
13,645,000 | Ivy Row at Southern Miss, LLC, (Federal Home Loan Bank of Atlanta LOC), 4.400%, 2/2/2023 | 13,645,000 |
Principal Amount or Shares | Value | ||
1 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 6,740,000 | Mason Harrison Ratliff Enterprises, LLC, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | $ 6,740,000 | |
30,200,000 | Mike P. Sturdivant, Sr. Family Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 30,200,000 | |
25,622,500 | Naples SI, LLC, (Federal Home Loan Bank of Indianapolis LOC), 4.400%, 2/2/2023 | 25,622,500 | |
35,960,000 | Park Stanton Place LP, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 35,960,000 | |
6,215,000 | Phenix City, AL Downtown Redevelopment Authority, Series 2013-A, (Federal Home Loan Bank of New York LOC), 4.400%, 2/2/2023 | 6,215,000 | |
21,000,000 | Pittsburg Fox Creek Associates L.P., Series 2011-A, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 21,000,000 | |
7,645,000 | Plaza Fitzsimons Owner, LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/1/2023 | 7,645,000 | |
5,025,000 | Public Finance Authority, Series 2015-A Ram Eufaula Hospitality, LLC, (Federal Home Loan Bank of New York LOC), 4.300%, 2/2/2023 | 5,025,000 | |
6,000,000 | Riverview Project, Series 2021, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 6,000,000 | |
19,900,000 | Rohnert Park 668, L.P., (Federal Home Loan Bank of San Francisco LOC), 4.813%, 2/2/2023 | 19,900,000 | |
7,600,000 | Sandy Jacobs Irrevocable Insurance Trust, Series 2019, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 7,600,000 | |
22,065,000 | Sendra Family Irrevocable Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 22,065,000 | |
11,260,000 | Shawn R. Trapuzzano Irrevocable Insurance Trust, (Federal Home Loan Bank of Pittsburgh LOC), 4.400%, 2/2/2023 | 11,260,000 | |
4,860,000 | Spingola Insurance Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 4,860,000 | |
2,560,000 | The J.G. Aguirre Master Trust, (Federal Home Loan Bank of Atlanta LOC), 4.400%, 2/2/2023 | 2,560,000 | |
23,765,000 | The Jacob Rosenstein Irrevocable Life Insurance Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 23,765,000 | |
4,150,000 | The Mary Jane Beauregard Irrevocable Insurance Trust of 2017, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/1/2023 | 4,150,000 | |
4,710,000 | The Mulberry Family Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 4,710,000 | |
20,330,000 | The Murray D. Berry Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/1/2023 | 20,330,000 | |
20,945,000 | The Ray L. Berry Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/1/2023 | 20,945,000 |
Principal Amount or Shares | Value | ||
1 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 16,400,000 | Wingo Family Master Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | $ 16,400,000 | |
TOTAL | 356,442,500 | ||
TOTAL NOTES - VARIABLE | 10,884,346,120 | ||
TIME DEPOSITS— 12.7% | |||
Finance - Banking— 12.7% | |||
1,880,000,000 | ABN Amro Bank NV, 4.330% - 4.510%, 2/1/2023 - 2/7/2023 | 1,880,000,000 | |
1,375,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.320% - 4.360%, 2/1/2023 - 2/3/2023 | 1,375,000,000 | |
200,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.320%, 2/1/2023 | 200,000,000 | |
150,000,000 | Cooperatieve Rabobank UA, 4.290%, 2/1/2023 | 150,000,000 | |
200,000,000 | Mizuho Bank Ltd., 4.320%, 2/1/2023 | 200,000,000 | |
750,000,000 | NRW.Bank, 4.450%, 2/6/2023 | 750,000,000 | |
300,000,000 | Toronto Dominion Bank, 4.460%, 2/6/2023 | 300,000,000 | |
TOTAL TIME DEPOSITS | 4,855,000,000 | ||
3 | COMMERCIAL PAPER— 12.7% | ||
Finance - Banking— 7.1% | |||
141,026,000 | Albion Capital LLC, (MUFG Bank Ltd. LIQ), 4.536% - 4.588%, 2/13/2023 - 2/16/2023 | 140,803,296 | |
1,116,500,000 | Anglesea Funding LLC, 4.383% - 5.034%, 2/1/2023 - 7/19/2023 | 1,113,862,468 | |
125,000,000 | Bank of Montreal, 5.015%, 10/11/2023 | 125,000,000 | |
140,000,000 | Bennington Stark Capital Co., LLC, (Societe Generale, Paris LIQ), 4.427%, 2/7/2023 | 139,897,100 | |
21,000,000 | BPCE SA, 4.376%, 2/3/2023 | 20,994,925 | |
150,000,000 | Chesham Finance LLC Series III, (Societe Generale, Paris COL), 4.598%, 3/3/2023 | 149,427,500 | |
175,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 5.055%, 7/24/2023 | 170,854,007 | |
300,000,000 | DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 5.034%, 7/25/2023 | 292,880,500 | |
175,000,000 | Gotham Funding Corp., (MUFG Bank Ltd. LIQ), 4.823%, 5/5/2023 | 172,848,083 | |
109,000,000 | Great Bear Funding LLC, 4.354% - 4.375%, 2/1/2023 - 2/3/2023 | 108,976,075 | |
65,000,000 | National Australia Bank Ltd., Melbourne, 3.865%, 6/15/2023 | 64,099,967 | |
83,000,000 | Royal Bank of Canada, 4.049%, 8/23/2023 | 81,179,372 | |
140,000,000 | Victory Receivables Corp., (MUFG Bank Ltd. LIQ), 4.809%, 4/17/2023 | 138,614,583 | |
TOTAL | 2,719,437,876 | ||
Finance - Commercial— 0.1% | |||
30,000,000 | Atlantic Asset Securitization LLC, 4.310%, 2/1/2023 | 29,924,167 |
Principal Amount or Shares | Value | ||
3 | COMMERCIAL PAPER— continued | ||
Finance - Retail— 0.5% | |||
$ 40,000,000 | Fairway Finance Co. LLC, 5.043%, 7/24/2023 | $ 39,054,267 | |
145,000,000 | Thunder Bay Funding, LLC, 5.091%, 8/2/2023 | 141,364,044 | |
TOTAL | 180,418,311 | ||
Oil & Oil Finance— 0.3% | |||
125,000,000 | TotalEnergies Capital Canada Ltd., 4.351%, 2/3/2023 | 124,969,861 | |
Sovereign— 4.7% | |||
875,000,000 | BNG Bank N.V., 4.314% - 4.553%, 2/1/2023 - 2/27/2023 | �� 873,572,035 | |
70,000,000 | Export Development Canada, (Canada, Government of SUB), 5.203%, 11/9/2023 | 67,268,056 | |
850,000,000 | Nederlandse Waterschapsbank NV, 4.360%, 2/3/2023 | 849,794,819 | |
TOTAL | 1,790,634,910 | ||
TOTAL COMMERCIAL PAPER | 4,845,385,125 | ||
CERTIFICATES OF DEPOSIT— 9.9% | |||
Finance - Banking— 9.9% | |||
105,000,000 | Bank of Montreal, 5.470%, 1/8/2024 | 105,000,000 | |
1,175,000,000 | Credit Agricole Corporate and Investment Bank, 4.310% - 4.490%, 2/1/2023 - 2/7/2023 | 1,175,000,000 | |
1,041,000,000 | Mizuho Bank Ltd., 4.360% - 4.810%, 2/1/2023 - 5/4/2023 | 1,041,000,000 | |
1,089,750,000 | Sumitomo Mitsui Trust Bank Ltd., 4.770% - 4.830%, 4/13/2023 - 5/17/2023 | 1,089,749,062 | |
191,500,000 | Toronto Dominion Bank, 3.010% - 4.070%, 6/7/2023 - 7/18/2023 | 191,500,000 | |
175,000,000 | Toronto Dominion Bank, 5.250%, 1/25/2024 | 175,000,000 | |
TOTAL CERTIFICATES OF DEPOSIT | 3,777,249,062 | ||
U.S. TREASURY— 4.1% | |||
U.S. Treasury Bills— 4.0% | |||
1,520,000,000 | 4 | United States Treasury Bill, 4.490%, 2/23/2023 | 1,515,829,289 |
U.S. Treasury Notes— 0.1% | |||
50,000,000 | 1 | United States Treasury Floating Rate Notes, 4.682% (91-day T-Bill +0.034%), 2/7/2023 | 50,000,977 |
TOTAL U.S. TREASURY | 1,565,830,266 | ||
OTHER REPURCHASE AGREEMENTS— 8.8% | |||
Finance - Banking— 8.8% | |||
20,000,000 | BMO Capital Markets Corp., 4.47%, dated 1/31/2023, interest in a $20,000,000 collateralized loan agreement will repurchase securities provided as collateral for $20,002,483 on 2/1/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and sovereign with a market value of $20,402,533 have been received as collateral and held with BNY Mellon as tri-party agent. | 20,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 315,000,000 | BMO Capital Markets Corp., 4.42%, dated 1/31/2023, interest in a $325,000,000 collateralized loan agreement will repurchase securities provided as collateral for $325,039,903 on 2/1/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign with a market value of $331,540,701 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 315,000,000 | |
25,000,000 | BNP Paribas S.A., 4.40%, dated 1/31/2023, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,042,778 on 2/1/2023, in which asset-backed securities, corporate bonds, medium-term notes, U.S. Government Agency securities and sovereign with a market value of $358,110,649 have been received as collateral and held with BNY Mellon as tri-party agent. | 25,000,000 | |
100,000,000 | BNP Paribas S.A., 4.47%, dated 1/31/2023, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,012,417 on 2/1/2023, in which asset-backed securities and corporate bond with a market value of $102,012,845 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
130,000,000 | Credit Agricole S.A., 4.72%, dated 6/24/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,275,333 on 2/10/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and sovereign with a market value of $306,126,468 have been received as collateral and held with BNY Mellon as tri-party agent. | 130,000,000 | |
520,000,000 | Credit Agricole S.A., 4.62%, dated 6/24/2022, interest in a $800,000,000 collateralized loan agreement will repurchase securities provided as collateral for $800,718,667 on 2/10/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign with a market value of $816,155,252 have been received as collateral and held with BNY Mellon as tri-party agent. | 520,000,000 | |
200,000,000 | HSBC Securities (USA), Inc., 4.42%, dated 1/31/2023, interest in a $295,000,000 collateralized loan agreement will repurchase securities provided as collateral for $295,036,219 on 2/1/2023, in which collateralized mortgage obligation, corporate bonds and sovereign securities with a market value of $300,900,941 have been received as collateral and held with BNY Mellon as tri-party agent. | 200,000,000 | |
160,000,000 | J.P. Morgan Securities LLC, 4.82%, dated 1/23/2023, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $251,004,167 on 2/1/2023, in which asset-backed securities, collateralized mortgage obligation, corporate bonds, medium-term notes and sovereign securities with a market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 160,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 50,000,000 | Mizuho Securities USA, Inc., 4.42%, dated 1/31/2023, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,012,278 on 2/1/2023, in which asset-backed securities and corporate bonds with a market value of $102,012,524 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 50,000,000 | |
65,000,000 | Mizuho Securities USA, Inc., 4.42%, dated 1/31/2023, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,012,278 on 2/1/2023, in which common stocks with a market value of $102,012,524 have been received as collateral and held with BNY Mellon as tri-party agent. | 65,000,000 | |
95,000,000 | Mizuho Securities USA, Inc., 4.42%, dated 1/31/2023, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,012,278 on 2/1/2023, in which asset-backed securities and corporate bonds with a market value of $102,012,524 have been received as collateral and held with BNY Mellon as tri-party agent. | 95,000,000 | |
200,000,000 | Mitsubishi UFG Securities Americas, Inc., 4.47%, dated 1/31/2023, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,037,250 on 2/1/2023, in which American depositary receipts, common stocks, corporate bonds, exchange traded funds and unit investment trust and municipal bonds with a market value of $306,038,896 have been received as collateral and held with BNY Mellon as tri-party agent. | 200,000,000 | |
150,000,000 | Pershing LLC, 4.82%, dated 7/14/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,281,167 on 2/10/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, commercial paper, common stocks, convertible bond, certificate of deposit, exchange traded funds, medium-term notes municipal bonds, mutual funds and sovereign with a market value of $306,038,845 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
225,000,000 | Societe Generale, Paris, 4.38%, dated 1/31/2023, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,042,583 on 2/1/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign with a market value of $357,246,293 have been received as collateral and held with BNY Mellon as tri-party agent. | 225,000,000 | |
320,000,000 | Societe Generale, Paris, 4.47%, dated 1/31/2023, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,080,708 on 2/1/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and treasury note with a market value of $663,082,322 have been received as collateral and held with BNY Mellon as tri-party agent. | 320,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 100,000,000 | Standard Chartered Bank, 4.44%, dated 1/30/2023, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,037,000 on 2/2/2023, in which treasury bond and treasury notes with a market value of $102,025,201 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 100,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 5.17%, dated 2/3/2022, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $151,960,292 on 2/1/2023, in which commercial paper and certificate of deposit with a market value of $153,505,368 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 5.08%, dated 12/21/2022, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $151,905,000 on 3/21/2023, in which certificate of deposit with a market value of $153,906,781 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
175,000,000 | Wells Fargo Securities LLC, 5.20%, dated 4/27/2021, interest in a $175,000,000 collateralized loan agreement will repurchase securities provided as collateral for $177,275,000 on 3/21/2023, in which commercial paper with a market value of $178,628,918 have been received as collateral and held with BNY Mellon as tri-party agent. | 175,000,000 | |
220,000,000 | Wells Fargo Securities LLC, 5.22%, dated 1/9/2023, interest in a $220,000,000 collateralized loan agreement will repurchase securities provided as collateral for $222,871,000 on 5/4/2023, in which convertible bonds and certificate of deposit with a market value of $225,141,206 have been received as collateral and held with BNY Mellon as tri-party agent. | 220,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS | 3,370,000,000 | ||
REPURCHASE AGREEMENTS— 17.3% | |||
Finance - Banking— 17.3% | |||
5,500,000,000 | Repurchase agreement 4.30%, dated 1/31/2023 under which Federal Reserve Bank of New York will repurchase securities provided as collateral for $5,500,656,944 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2040 and the market value of those underlying securities was $5,500,656,994. | 5,500,000,000 | |
51,316,000 | Interest in $2,000,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Sumitomo Mitsui Banking Corp. will repurchase securities provided as collateral for $2,000,238,889 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 10/20/2052 and the market value of those underlying securities was $2,040,243,667. | 51,316,000 |
Principal Amount or Shares | Value | ||
REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 500,000,000 | Interest in $1,650,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $1,650,197,083 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/1/2053 and the market value of those underlying securities was $1,683,201,025. | $ 500,000,000 | |
500,000,000 | Interest in $1,800,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $1,800,215,000 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2052 and the market value of those underlying securities was $1,836,219,336. | 500,000,000 | |
50,000,000 | Interest in $150,000,000 joint repurchase agreement 4.38%, dated 1/31/2023 under which Standard Chartered Bank will repurchase securities provided as collateral for $150,018,250 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 1/1/2053 and the market value of those underlying securities was $153,018,623. | 50,000,000 | |
TOTAL REPURCHASE AGREEMENTS | 6,601,316,000 | ||
INVESTMENT COMPANIES— 3.9% | |||
1,000,016,505 | Federated Hermes Institutional Money Market Management, Institutional Shares, 4.42%5 | 999,713,001 | |
500,317,389 | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 4.41%5 | 500,320,089 | |
TOTAL INVESTMENT COMPANIES | 1,500,033,090 | ||
TOTAL INVESTMENT IN SECURITIES—97.8% (AT AMORTIZED COST)6 | 37,399,159,663 | ||
OTHER ASSETS AND LIABILITIES - NET—2.2%7 | 845,725,673 | ||
TOTAL NET ASSETS—100% | $38,244,885,336 |
Federated Hermes Institutional Money Market Management, Institutional Shares | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares | Total of Affiliated Transactions | |
Value as of 7/31/2022 | $999,713,001 | $500,320,089 | $1,500,033,090 |
Purchases at Cost | $— | $— | $— |
Proceeds from Sales | $— | $— | $— |
Change in Unrealized Appreciation/ Depreciation | $— | $— | $— |
Net Realized Gain/(Loss) | $— | $— | $— |
Value as of 1/31/2023 | $999,713,001 | $500,320,089 | $1,500,033,090 |
Shares Held as of 1/31/2023 | 1,000,016,505 | 500,317,389 | 1,500,333,894 |
Dividend Income | $17,028,169 | $8,455,463 | $25,483,632 |
1 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or availing of an exemption from registration, under the Securities Act of 1933; or (b) is subject to a contractual restriction on public sales. At January 31, 2023, these restricted securities amounted to $150,000,000, which represented 0.4% of total net assets. |
3 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
4 | Discount rate at time of purchase. |
5 | 7-day net yield. |
6 | Also represents cost of investments for federal tax purposes. |
7 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following is a summary of the inputs used, as of January 31, 2023, in valuing the Fund’s assets carried at fair value:
Valuation Inputs | ||||
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Total | |
Debt Securities: | ||||
Notes - Variable | $— | $10,884,346,120 | $— | $10,884,346,120 |
Time Deposits | — | 4,855,000,000 | — | 4,855,000,000 |
Commercial Paper | — | 4,845,385,125 | — | 4,845,385,125 |
Certificates of Deposit | — | 3,777,249,062 | — | 3,777,249,062 |
U.S. Treasury | — | 1,565,830,266 | — | 1,565,830,266 |
Other Repurchase Agreements | — | 3,370,000,000 | — | 3,370,000,000 |
Repurchase Agreements | — | 6,601,316,000 | — | 6,601,316,000 |
Investment Company | 1,500,033,090 | — | — | 1,500,033,090 |
TOTAL SECURITIES | $1,500,033,090 | $35,899,126,573 | $— | $37,399,159,663 |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
GTD | —Guaranteed | |
IDB | —Industrial Development Bond | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
SOFR | —Secured Overnight Financing Rate | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.015 | 0.002 | 0.0001 | 0.010 | 0.020 | 0.012 |
Net realized gain (loss) | (0.000)1 | 0.0001 | 0.0001 | 0.0001 | (0.000)1 | 0.0001 |
Total From Investment Operations | 0.015 | 0.002 | 0.0001 | 0.010 | 0.020 | 0.012 |
Less Distributions: | ||||||
Distributions from net investment income | (0.015) | (0.002) | (0.000)1 | (0.010) | (0.020) | (0.012) |
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 | (0.015) | (0.002) | (0.000)1 | (0.010) | (0.020) | (0.012) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.52% | 0.20% | 0.01% | 1.01% | 2.03% | 1.22% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.53%4 | 0.32% | 0.23% | 0.53% | 0.54% | 0.51% |
Net investment income | 3.04%4 | 0.18% | 0.01% | 1.01% | 2.06% | 1.21% |
Expense waiver/reimbursement5 | 0.09%4 | 0.33% | 0.41% | 0.11% | 0.10% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $885,930 | $711,893 | $1,034,830 | $1,603,414 | $1,678,950 | $376,107 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.012 | 0.001 | 0.0001 | 0.006 | 0.014 | 0.006 |
Net realized gain (loss) | (0.000)1 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.012 | 0.001 | 0.0001 | 0.006 | 0.014 | 0.006 |
Less Distributions: | ||||||
Distributions from net investment income | (0.012) | (0.001) | (0.000)1 | (0.006) | (0.014) | (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 | (0.012) | (0.001) | (0.000)1 | (0.006) | (0.014) | (0.006) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.22% | 0.08% | 0.01% | 0.56% | 1.42% | 0.58% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 1.12%4 | 0.45% | 0.23% | 0.97% | 1.13% | 1.15% |
Net investment income | 2.44%4 | 0.09% | 0.01% | 0.54% | 1.42% | 0.56% |
Expense waiver/reimbursement5 | 0.14%4 | 0.82% | 1.09% | 0.32% | 0.16% | 0.18% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $45,854 | $41,244 | $38,762 | $48,615 | $44,257 | $42,390 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.017 | 0.003 | 0.0001 | 0.013 | 0.023 | 0.015 |
Net realized gain (loss) | (0.000)1 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.017 | 0.003 | 0.0001 | 0.013 | 0.023 | 0.015 |
Less Distributions: | ||||||
Distributions from net investment income | (0.017) | (0.003) | (0.000)1 | (0.013) | (0.023) | (0.015) |
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 | (0.017) | (0.003) | (0.000)1 | (0.013) | (0.023) | (0.015) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.69% | 0.33% | 0.04% | 1.33% | 2.36% | 1.53% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.20%4 | 0.19% | 0.20% | 0.20% | 0.20% | 0.20% |
Net investment income | 3.50%4 | 0.36% | 0.04% | 1.33% | 2.36% | 1.56% |
Expense waiver/ reimbursement5 | 0.09%4 | 0.12% | 0.10% | 0.10% | 0.10% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $30,878,494 | $13,928,308 | $11,788,470 | $18,814,127 | $16,862,096 | $5,770,600 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | Period Ended 7/31/20191 | |||
2022 | 2021 | 2020 | |||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | |||||
Net investment income | 0.017 | 0.003 | 0.0002 | 0.013 | 0.013 |
Net realized gain (loss) | (0.000)2 | 0.0002 | 0.0002 | 0.0002 | — |
Total From Investment Operations | 0.017 | 0.003 | 0.0002 | 0.013 | 0.013 |
Less Distributions: | |||||
Distributions from net investment income | (0.017) | (0.003) | (0.000)2 | (0.013) | (0.013) |
Distributions from net realized gains | (0.000)2 | (0.000)2 | (0.000)2 | (0.000)2 | — |
Total Distributions | (0.017) | (0.003) | (0.000)2 | (0.013) | (0.013) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return3 | 1.69% | 0.33% | 0.04% | 1.33% | 1.31% |
Ratios to Average Net Assets: | |||||
Net expenses4 | 0.20%5 | 0.19% | 0.20% | 0.20% | 0.20%5 |
Net investment income | 3.55%5 | 0.75% | 0.04% | 1.32% | 2.39%5 |
Expense waiver/reimbursement6 | 0.09%5 | 0.10% | 0.10% | 0.10% | 0.10%5 |
Supplemental Data: | |||||
Net assets, end of period (000 omitted) | $2,765,164 | $1,026,476 | $187,921 | $376,278 | $276,284 |
1 | Reflects operations for the period from January 18, 2019 (commencement of operations) to July 31, 2019. |
2 | Represents less than $0.001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.016 | 0.002 | 0.0001 | 0.011 | 0.021 | 0.013 |
Net realized gain (loss) | (0.000)1 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | (0.000)1 |
Total From Investment Operations | 0.016 | 0.002 | 0.0001 | 0.011 | 0.021 | 0.013 |
Less Distributions: | ||||||
Distributions from net investment income | (0.016) | (0.002) | (0.000)1 | (0.011) | (0.021) | (0.013) |
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 | (0.016) | (0.002) | (0.000)1 | (0.011) | (0.021) | (0.013) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.56% | 0.24% | 0.01% | 1.09% | 2.10% | 1.28% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.45%4 | 0.28% | 0.23% | 0.45% | 0.45% | 0.45% |
Net investment income | 3.12%4 | 0.23% | 0.01% | 1.06% | 2.09% | 1.31% |
Expense waiver/reimbursement5 | 0.09%4 | 0.28% | 0.32% | 0.10% | 0.10% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,981,952 | $1,479,712 | $1,711,361 | $3,016,273 | $2,757,262 | $1,799,914 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.013 | 0.001 | 0.0001 | 0.007 | 0.016 | 0.008 |
Net realized gain (loss) | (0.000)1 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.013 | 0.001 | 0.0001 | 0.007 | 0.016 | 0.008 |
Less Distributions: | ||||||
Distributions from net investment income | (0.013) | (0.001) | (0.000)1 | (0.007) | (0.016) | (0.008) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.013) | (0.001) | (0.000)1 | (0.007) | (0.016) | (0.008) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.33% | 0.12% | 0.01% | 0.72% | 1.65% | 0.83% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.90%4 | 0.40% | 0.22% | 0.81% | 0.90% | 0.90% |
Net investment income | 2.56%4 | 0.12% | 0.01% | 0.71% | 1.64% | 0.80% |
Expense waiver/reimbursement5 | 0.09%4 | 0.60% | 0.78% | 0.19% | 0.10% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,080,874 | $1,301,550 | $1,275,933 | $1,125,251 | $1,043,702 | $998,683 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.013 | 0.001 | 0.0001 | 0.006 | 0.015 | 0.007 |
Net realized gain (loss) | (0.000)1 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.013 | 0.001 | 0.0001 | 0.006 | 0.015 | 0.007 |
Less Distributions: | ||||||
Distributions from net investment income | (0.013) | (0.001) | (0.000)1 | (0.006) | (0.015) | (0.007) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.013) | (0.001) | (0.000)1 | (0.006) | (0.015) | (0.007) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.26% | 0.09% | 0.01% | 0.62% | 1.51% | 0.72% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 1.04%4 | 0.42% | 0.22% | 0.92% | 1.03% | 1.00% |
Net investment income | 2.56%4 | 0.10% | 0.01% | 0.63% | 1.49% | 0.72% |
Expense waiver/reimbursement5 | 0.19%4 | 0.84% | 1.03% | 0.34% | 0.21% | 0.23% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $53,637 | $42,283 | $42,076 | $33,265 | $32,789 | $29,911 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.016 | 0.003 | 0.0001 | 0.012 | 0.022 | 0.013 |
Net realized gain (loss) | (0.000)1 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.001 |
Total From Investment Operations | 0.016 | 0.003 | 0.0001 | 0.012 | 0.022 | 0.014 |
Less Distributions: | ||||||
Distributions from net investment income | (0.016) | (0.003) | (0.000)1 | (0.012) | (0.022) | (0.014) |
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 | (0.016) | (0.003) | (0.000)1 | (0.012) | (0.022) | (0.014) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.64% | 0.29% | 0.01% | 1.23% | 2.26% | 1.43% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.30%4 | 0.23% | 0.23% | 0.30% | 0.30% | 0.30% |
Net investment income | 3.35%4 | 0.27% | 0.01% | 1.20% | 2.25% | 1.46% |
Expense waiver/reimbursement5 | 0.09%4 | 0.18% | 0.18% | 0.10% | 0.10% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $517,390 | $310,975 | $329,279 | $548,708 | $670,114 | $398,852 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.014 | 0.002 | 0.0001 | 0.009 | 0.018 | 0.010 |
Net realized gain (loss) | (0.000)1 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.014 | 0.002 | 0.0001 | 0.009 | 0.018 | 0.010 |
Less Distributions: | ||||||
Distributions from net investment income | (0.014) | (0.002) | (0.000)1 | (0.009) | (0.018) | (0.010) |
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 | (0.014) | (0.002) | (0.000)1 | (0.009) | (0.018) | (0.010) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.44% | 0.17% | 0.01% | 0.87% | 1.85% | 1.02% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.70%4 | 0.33% | 0.23% | 0.66% | 0.70% | 0.70% |
Net investment income | 3.03%4 | 0.12% | 0.01% | 0.86% | 1.90% | 1.03% |
Expense waiver/reimbursement5 | 0.09%4 | 0.47% | 0.57% | 0.14% | 0.10% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $35,589 | $18,172 | $2,670,993 | $3,667,951 | $3,502,863 | $19,829 |
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. |
January 31, 2023 (unaudited)
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $9,971,316,000 |
Investment in securities, including $1,500,033,090 of investment in affiliated holdings* | 27,427,843,663 |
Investment in securities, at amortized cost and fair value | 37,399,159,663 |
Cash | 600,073,230 |
Income receivable | 59,097,261 |
Income receivable from affiliated holdings | 5,594,106 |
Receivable for shares sold | 300,276,889 |
Total Assets | 38,364,201,149 |
Liabilities: | |
Payable for investments purchased | 2,840,000 |
Payable for shares redeemed | 108,720,558 |
Income distribution payable | 5,741,963 |
Capital gain distribution payable | 104,307 |
Payable for investment adviser fee (Note 4) | 115,191 |
Payable for administrative fee (Note 4) | 81,365 |
Payable for Directors’/Trustees’ fees (Note 4) | 28,544 |
Payable for distribution services fee (Note 4) | 367,937 |
Payable for other service fees (Notes 2 and 4) | 1,059,825 |
Accrued expenses (Note 4) | 256,123 |
Total Liabilities | 119,315,813 |
Net assets for 38,248,497,213 shares outstanding | $38,244,885,336 |
Net Assets Consist of: | |
Paid-in capital | $38,248,488,397 |
Total distributable earnings (loss) | (3,603,061) |
Total Net Assets | $38,244,885,336 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Automated Shares: | |
$885,929,982 ÷ 886,013,983 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Class R Shares: | |
$45,854,448 ÷ 45,858,735 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Wealth Shares: | |
$30,878,494,485 ÷ 30,881,408,960 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Advisor Shares: | |
$2,765,164,205 ÷ 2,765,426,649 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$1,981,952,337 ÷ 1,982,139,071 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$1,080,873,663 ÷ 1,080,976,273 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$53,636,935 ÷ 53,642,028 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Capital Shares: | |
$517,390,217 ÷ 517,439,186 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Trust Shares: | |
$35,589,064 ÷ 35,592,328 shares outstanding, no par value, unlimited shares authorized | $1.00 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended January 31, 2023 (unaudited)
Investment Income: | |
Interest | $478,730,766 |
Dividends received from affiliated holdings* | 25,483,632 |
TOTAL INCOME | 504,214,398 |
Expenses: | |
Investment adviser fee (Note 4) | 26,654,575 |
Administrative fee (Note 4) | 10,741,586 |
Custodian fees | 359,059 |
Transfer agent fees (Note 2) | 1,334,309 |
Directors’/Trustees’ fees (Note 4) | 63,911 |
Auditing fees | 12,683 |
Legal fees | 5,144 |
Portfolio accounting fees | 139,050 |
Distribution services fee (Note 4) | 2,330,556 |
Other service fees (Notes 2 and 4) | 4,824,811 |
Share registration costs | 329,014 |
Printing and postage | 236,838 |
Miscellaneous (Note 4) | 89,491 |
TOTAL EXPENSES | 47,121,027 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 4) | (12,143,889) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (41,925) |
TOTAL WAIVERS AND REIMBURSEMENTS | (12,185,814) |
Net expenses | 34,935,213 |
Net investment income | 469,279,185 |
Net realized loss on investments | (3,561,475) |
Change in net assets resulting from operations | $465,717,710 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended 7/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $469,279,185 | $53,190,187 |
Net realized gain (loss) | (3,561,475) | 143,440 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 465,717,710 | 53,333,627 |
Distributions to Shareholders: | ||
Automated Shares | (11,651,780) | (2,585,791) |
Class R Shares | (530,659) | (33,725) |
Wealth Shares | (376,615,300) | (39,560,633) |
Advisor Shares | (32,032,463) | (2,214,414) |
Service Shares | (25,672,563) | (3,354,482) |
Cash II Shares | (15,080,850) | (1,568,320) |
Cash Series Shares | (560,232) | (37,265) |
Capital Shares | (6,981,096) | (832,858) |
Trust Shares | (360,441) | (2,998,443) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (469,485,384) | (53,185,931) |
Share Transactions: | ||
Proceeds from sale of shares | 36,523,006,323 | 19,988,592,929 |
Net asset value of shares issued to shareholders in payment of distributions declared | 442,464,290 | 49,057,880 |
Cost of shares redeemed | (17,577,429,068) | (20,256,811,128) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 19,388,041,545 | (219,160,319) |
Change in net assets | 19,384,273,871 | (219,012,623) |
Net Assets: | ||
Beginning of period | 18,860,611,465 | 19,079,624,088 |
End of period | $38,244,885,336 | $18,860,611,465 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | |
Automated Shares | $308,859 | $— |
Class R Shares | 48,394 | — |
Wealth Shares | 289,954 | (52) |
Advisor Shares | 23,848 | — |
Service Shares | 23,406 | — |
Cash II Shares | 615,096 | (9,176) |
Cash Series Shares | 18,694 | — |
Capital Shares | 5,737 | — |
Trust Shares | 321 | (2) |
TOTAL | $1,334,309 | $(9,230) |
Other Service Fees Incurred | |
Automated Shares | $956,804 |
Class R Shares | 53,148 |
Service Shares | 2,053,503 |
Cash II Shares | 1,469,214 |
Cash Series Shares | 54,573 |
Capital Shares | 208,332 |
Trust Shares | 29,237 |
TOTAL | $4,824,811 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Automated Shares: | Shares | Amount | Shares | Amount |
Shares sold | 368,897,906 | $368,897,906 | 1,528,635,804 | $1,528,635,804 |
Shares issued to shareholders in payment of distributions declared | 11,601,254 | 11,601,254 | 2,577,947 | 2,577,947 |
Shares redeemed | (206,371,865) | (206,371,865) | (1,854,156,282) | (1,854,156,282) |
NET CHANGE RESULTING FROM AUTOMATED SHARE TRANSACTIONS | 174,127,295 | $174,127,295 | (322,942,531) | $(322,942,531) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Class R Shares: | Shares | Amount | Shares | Amount |
Shares sold | 21,873,275 | $21,873,275 | 17,000,468 | $17,000,468 |
Shares issued to shareholders in payment of distributions declared | 528,757 | 528,757 | 33,614 | 33,614 |
Shares redeemed | (17,787,420) | (17,787,420) | (14,551,648) | (14,551,648) |
NET CHANGE RESULTING FROM CLASS R SHARE TRANSACTIONS | 4,614,612 | $4,614,612 | 2,482,434 | $2,482,434 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Wealth Shares: | Shares | Amount | Shares | Amount |
Shares sold | 30,131,092,170 | $30,131,092,170 | 13,906,013,345 | $13,906,013,345 |
Shares issued to shareholders in payment of distributions declared | 352,932,520 | 352,932,520 | 35,833,910 | 35,833,910 |
Shares redeemed | (13,530,808,538) | (13,530,808,538) | (11,802,119,110) | (11,802,119,110) |
NET CHANGE RESULTING FROM WEALTH SHARE TRANSACTIONS | 16,953,216,152 | $16,953,216,152 | 2,139,728,145 | $2,139,728,145 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Advisor Shares: | Shares | Amount | Shares | Amount |
Shares sold | 3,145,423,474 | $3,145,423,474 | 1,349,386,951 | $1,349,386,951 |
Shares issued to shareholders in payment of distributions declared | 32,032,448 | 32,032,448 | 2,214,267 | 2,214,267 |
Shares redeemed | (1,438,496,627) | (1,438,496,627) | (513,054,969) | (513,054,969) |
NET CHANGE RESULTING FROM ADVISOR SHARE TRANSACTIONS | 1,738,959,295 | $1,738,959,295 | 838,546,249 | $838,546,249 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,028,389,598 | $2,028,389,598 | 1,344,417,523 | $1,344,417,523 |
Shares issued to shareholders in payment of distributions declared | 23,530,687 | 23,530,687 | 3,061,138 | 3,061,138 |
Shares redeemed | (1,549,480,723) | (1,549,480,723) | (1,579,139,032) | (1,579,139,032) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | 502,439,562 | $502,439,562 | (231,660,371) | $(231,660,371) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 229,351,550 | $229,351,550 | 610,894,665 | $610,894,665 |
Shares issued to shareholders in payment of distributions declared | 14,586,652 | 14,586,652 | 1,557,950 | 1,557,950 |
Shares redeemed | (464,500,880) | (464,500,880) | (586,846,085) | (586,846,085) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | (220,562,678) | $(220,562,678) | 25,606,530 | $25,606,530 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 63,939,105 | $63,939,105 | 61,276,990 | $61,276,990 |
Shares issued to shareholders in payment of distributions declared | 552,321 | 552,321 | 36,978 | 36,978 |
Shares redeemed | (53,131,650) | (53,131,650) | (61,108,129) | (61,108,129) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | 11,359,776 | $11,359,776 | 205,839 | $205,839 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 482,215,854 | $482,215,854 | 299,364,846 | $299,364,846 |
Shares issued to shareholders in payment of distributions declared | 6,342,550 | 6,342,550 | 743,705 | 743,705 |
Shares redeemed | (282,091,246) | (282,091,246) | (318,414,947) | (318,414,947) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | 206,467,158 | $206,467,158 | (18,306,396) | $(18,306,396) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Trust Shares: | Shares | Amount | Shares | Amount |
Shares sold | 51,823,391 | $51,823,391 | 871,602,337 | $871,602,337 |
Shares issued to shareholders in payment of distributions declared | 357,101 | 357,101 | 2,998,371 | 2,998,371 |
Shares redeemed | (34,760,119) | (34,760,119) | (3,527,420,926) | (3,527,420,926) |
NET CHANGE RESULTING FROM TRUST SHARE TRANSACTIONS | 17,420,373 | $17,420,373 | (2,652,820,218) | $(2,652,820,218) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 19,388,041,545 | $19,388,041,545 | (219,160,319) | $(219,160,319) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Class R Shares | 0.50% |
Cash II Shares | 0.35% |
Cash Series Shares | 0.60% |
Trust Shares | 0.25% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Class R Shares | $108,653 | $(10,866) |
Cash II Shares | 2,061,138 | — |
Cash Series Shares | 130,975 | (21,829) |
Trust Shares | 29,790 | — |
TOTAL | $2,330,556 | $(32,695) |
Beginning Account Value 8/1/2022 | Ending Account Value 1/31/2023 | Expenses Paid During Period1 | |
Actual: | |||
Automated Shares | $1,000 | $1,015.20 | $2.69 |
Class R Shares | $1,000 | $1,012.20 | $5.68 |
Wealth Shares | $1,000 | $1,016.90 | $1.02 |
Advisor Shares | $1,000 | $1,016.90 | $1.02 |
Service Shares | $1,000 | $1,015.60 | $2.29 |
Cash II Shares | $1,000 | $1,013.30 | $4.57 |
Cash Series Shares | $1,000 | $1,012.60 | $5.28 |
Capital Shares | $1,000 | $1,016.40 | $1.52 |
Trust Shares | $1,000 | $1,014.40 | $3.55 |
Hypothetical (assuming a 5% return before expenses): | |||
Automated Shares | $1,000 | $1,022.53 | $2.70 |
Class R Shares | $1,000 | $1,019.56 | $5.70 |
Wealth Shares | $1,000 | $1,024.20 | $1.02 |
Advisor Shares | $1,000 | $1,024.20 | $1.02 |
Service Shares | $1,000 | $1,022.94 | $2.29 |
Cash II Shares | $1,000 | $1,020.67 | $4.58 |
Cash Series Shares | $1,000 | $1,019.96 | $5.30 |
Capital Shares | $1,000 | $1,023.69 | $1.53 |
Trust Shares | $1,000 | $1,021.68 | $3.57 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Automated Shares | 0.53% |
Class R Shares | 1.12% |
Wealth Shares | 0.20% |
Advisor Shares | 0.20% |
Service Shares | 0.45% |
Cash II Shares | 0.90% |
Cash Series Shares | 1.04% |
Capital Shares | 0.30% |
Trust Shares | 0.70% |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 608919577
CUSIP 60934N625
CUSIP 608919429
CUSIP 60934N617
CUSIP 608919593
CUSIP 608919585
CUSIP 60934N591
CUSIP 608919619
Share Class | Ticker | Wealth | PCOXX |
Federated Hermes Prime Cash Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Variable Rate Instruments | 28.4% |
Other Repurchase Agreements and Repurchase Agreements | 26.1% |
Bank Instruments | 22.6% |
Commercial Paper | 12.7% |
U.S. Treasury Securities | 4.1% |
Cash Equivalent2 | 3.9% |
Other Assets and Liabilities—Net3 | 2.2% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. With respect to this table, Commercial Paper includes commercial paper with interest rates that are fixed or that reset periodically. |
2 | Cash Equivalents include any investments in money market mutual funds. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days2 | 81.3% |
8-30 Days | 7.0% |
31-90 Days | 3.2% |
91-180 Days | 4.5% |
181 Days or more | 1.8% |
Other Assets and Liabilities—Net3 | 2.2% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Overnight securities comprised 31.4% of the Fund’s portfolio. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount or Shares | Value | ||
1 | NOTES - VARIABLE— 28.4% | ||
Aerospace/Auto— 0.2% | |||
$ 75,000,000 | Toyota Motor Credit Corp., (Toyota Motor Corp. Support Agreement), 4.670% (SOFR +0.370%), 2/1/2023 | $ 75,000,000 | |
Finance - Banking— 24.6% | |||
50,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.650% (SOFR +0.350%), 2/1/2023 | 50,000,000 | |
150,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.650% (SOFR +0.350%), 2/1/2023 | 149,999,970 | |
65,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.680% (SOFR +0.380%), 2/1/2023 | 65,000,000 | |
73,500,000 | Bank of Montreal, 4.600% (SOFR +0.300%), 2/1/2023 | 73,500,000 | |
250,000,000 | Bank of Montreal, 4.900% (SOFR +0.600%), 2/1/2023 | 250,000,000 | |
85,000,000 | Bank of Montreal, 4.950% (SOFR +0.650%), 2/1/2023 | 85,000,000 | |
195,000,000 | Bank of Montreal, 5.000% (SOFR +0.700%), 2/1/2023 | 195,000,000 | |
20,000,000 | Bank of Nova Scotia, Toronto, 4.550% (SOFR +0.250%), 2/1/2023 | 20,000,000 | |
50,000,000 | Bank of Nova Scotia, Toronto, 4.740% (SOFR +0.440%), 2/1/2023 | 50,000,000 | |
206,000,000 | Bank of Nova Scotia, Toronto, 4.800% (SOFR +0.500%), 2/1/2023 | 206,000,000 | |
92,000,000 | Bank of Nova Scotia, Toronto, 4.820% (SOFR +0.520%), 2/1/2023 | 92,050,036 | |
20,000,000 | Bank of Nova Scotia, Toronto, 4.830% (SOFR +0.530%), 2/1/2023 | 20,000,000 | |
40,000,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 40,000,000 | |
65,000,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 65,000,000 | |
55,000,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 55,000,000 | |
150,000,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 150,000,000 | |
55,000,000 | Bank of Nova Scotia, Toronto, 4.870% (SOFR +0.570%), 2/1/2023 | 54,999,896 | |
46,500,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 46,499,928 | |
70,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 70,000,000 | |
86,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 86,000,000 | |
150,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 150,000,000 | |
135,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 135,000,000 | |
142,500,000 | Bank of Nova Scotia, Toronto, 4.960% (SOFR +0.660%), 2/1/2023 | 142,500,000 | |
73,300,000 | Bank of Nova Scotia, Toronto, 4.970% (SOFR +0.670%), 2/1/2023 | 73,300,000 | |
70,000,000 | Bedford Row Funding Corp., (Royal Bank of Canada GTD), 4.630% (SOFR +0.330%), 2/1/2023 | 70,000,000 | |
72,500,000 | Bedford Row Funding Corp., (Royal Bank of Canada GTD), 4.820% (SOFR +0.520%), 2/1/2023 | 72,500,000 | |
50,000,000 | Bedford Row Funding Corp., (Royal Bank of Canada GTD), 4.900% (SOFR +0.600%), 2/1/2023 | 50,000,000 | |
249,000,000 | Bedford Row Funding Corp., (Royal Bank of Canada GTD), 4.910% (SOFR +0.610%), 2/1/2023 | 249,000,000 |
Principal Amount or Shares | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 18,750,000 | Canadian Imperial Bank of Commerce, 4.800% (SOFR +0.500%), 2/1/2023 | $ 18,750,000 | |
250,000,000 | Canadian Imperial Bank of Commerce, 4.800% (SOFR +0.500%), 2/1/2023 | 250,000,000 | |
80,000,000 | Canadian Imperial Bank of Commerce, 4.850% (SOFR +0.550%), 2/1/2023 | 80,000,000 | |
130,000,000 | Citibank N.A., New York, 4.720% (SOFR +0.420%), 2/1/2023 | 130,000,000 | |
300,000,000 | Citibank N.A., New York, 4.720% (SOFR +0.420%), 2/1/2023 | 300,000,000 | |
390,000,000 | Citibank N.A., New York, 4.770% (SOFR +0.470%), 2/1/2023 | 390,000,000 | |
191,000,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 4.710% (SOFR +0.410%), 2/1/2023 | 191,000,000 | |
80,000,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 4.730% (SOFR +0.430%), 2/1/2023 | 80,000,000 | |
60,000,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 4.750% (SOFR +0.450%), 2/1/2023 | 60,000,000 | |
40,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.670% (SOFR +0.370%), 2/1/2023 | 40,000,000 | |
60,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.800% (SOFR +0.500%), 2/1/2023 | 60,000,000 | |
65,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.810% (SOFR +0.510%), 2/1/2023 | 65,000,000 | |
45,000,000 | Commonwealth Bank of Australia, 4.800% (SOFR +0.500%), 2/1/2023 | 45,000,000 | |
39,000,000 | Commonwealth Bank of Australia, 4.840% (SOFR +0.540%), 2/1/2023 | 39,000,000 | |
745,000 | Fiore Capital LLC, (Wells Fargo Bank, N.A. LOC), 4.450%, 2/2/2023 | 745,000 | |
490,000 | Gadsden, AL Airport Authority, Series 2004, (Wells Fargo Bank, N.A. LOC), 4.510%, 2/2/2023 | 490,000 | |
145,000,000 | Mizuho Bank Ltd., 4.860% (SOFR +0.560%), 2/1/2023 | 145,000,000 | |
100,000,000 | Mizuho Bank Ltd., 4.880% (SOFR +0.580%), 2/1/2023 | 100,000,000 | |
355,000 | Montgomery, AL IDB, (Wells Fargo Bank, N.A. LOC), 4.430%, 2/2/2023 | 355,000 | |
165,000,000 | MUFG Bank Ltd., 4.700% (SOFR +0.400%), 2/1/2023 | 165,000,000 | |
225,000,000 | MUFG Bank Ltd., 4.850% (SOFR +0.550%), 2/1/2023 | 225,000,000 | |
138,500,000 | National Australia Bank Ltd., Melbourne, 4.700% (SOFR +0.400%), 2/1/2023 | 138,500,000 | |
100,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 100,000,000 | |
100,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 100,000,000 | |
160,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 160,000,000 | |
150,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 150,000,000 |
Principal Amount or Shares | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 125,000,000 | National Australia Bank Ltd., Melbourne, 4.840% (SOFR +0.540%), 2/1/2023 | $ 125,000,000 | |
300,000,000 | National Australia Bank Ltd., Melbourne, 4.860% (SOFR +0.560%), 2/1/2023 | 300,000,000 | |
245,000,000 | Nordea Bank Abp, 4.540% (SOFR +0.240%), 2/1/2023 | 245,000,000 | |
110,000,000 | Nordea Bank Abp, 4.550% (SOFR +0.250%), 2/1/2023 | 110,000,000 | |
300,000,000 | Nordea Bank Abp, 4.740% (SOFR +0.440%), 2/1/2023 | 300,000,000 | |
55,000,000 | Nordea Bank Abp, 4.800% (SOFR +0.500%), 2/1/2023 | 55,000,000 | |
19,670,000 | Osprey Properties Limited Partnership, LLLP & Nighthawk Properties, LLC, Series 2008, (Wells Fargo Bank, N.A. LOC), 4.510%, 2/2/2023 | 19,670,000 | |
29,435,000 | Panel Rey S.A., Series 2016, (Citibank N.A., New York LOC), 4.400%, 2/2/2023 | 29,435,000 | |
150,000,000 | 2 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 4.700% (SOFR +0.400%), 2/1/2023 | 150,000,000 |
60,000,000 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 4.750% (SOFR +0.450%), 2/1/2023 | 60,000,000 | |
90,000,000 | Royal Bank of Canada, 4.850% (SOFR +0.550%), 2/1/2023 | 90,000,000 | |
200,000,000 | Royal Bank of Canada, 5.050% (SOFR +0.750%), 2/1/2023 | 200,000,000 | |
112,500,000 | Royal Bank of Canada, New York Branch, 4.870% (SOFR +0.570%), 2/1/2023 | 112,500,000 | |
165,000,000 | Sumitomo Mitsui Trust Bank Ltd., 4.740% (SOFR +0.440%), 2/1/2023 | 165,000,000 | |
250,000,000 | Svenska Handelsbanken, Stockholm, 4.650% (SOFR +0.350%), 2/1/2023 | 250,000,000 | |
100,000,000 | Svenska Handelsbanken, Stockholm, 4.860% (SOFR +0.560%), 2/1/2023 | 100,000,000 | |
121,508,630 | Taxable Tender Option Bond Trust 2021-MIZ9060TX, (Series 2021-MIZ9060TX) VRDNs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.590%, 2/1/2023 | 121,508,630 | |
118,000,000 | Toronto Dominion Bank, 4.700% (SOFR +0.400%), 2/1/2023 | 118,000,000 | |
130,000,000 | Toronto Dominion Bank, 4.880% (SOFR +0.580%), 2/1/2023 | 130,000,000 | |
170,000,000 | Toronto Dominion Bank, 4.880% (SOFR +0.580%), 2/1/2023 | 170,000,000 | |
200,000,000 | Toronto Dominion Bank, 4.980% (SOFR +0.680%), 2/1/2023 | 200,100,162 | |
14,000,000 | Triborough Bridge & Tunnel Authority, NY, (Series E Taxable) Weekly VRDNs, (UBS AG LOC), 4.350%, 2/2/2023 | 14,000,000 | |
65,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.700% (SOFR +0.400%), 2/1/2023 | 65,000,000 | |
20,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.800% (SOFR +0.500%), 2/1/2023 | 20,000,000 | |
250,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.800% (SOFR +0.500%), 2/1/2023 | 250,000,000 | |
200,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.840% (SOFR +0.540%), 2/1/2023 | 200,000,000 |
Principal Amount or Shares | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 25,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.840% (SOFR +0.540%), 2/1/2023 | $ 24,999,998 | |
TOTAL | 9,425,403,620 | ||
Finance - Retail— 2.7% | |||
85,000,000 | Chariot Funding LLC, 4.660% (SOFR +0.360%), 2/1/2023 | 85,000,000 | |
55,000,000 | Chariot Funding LLC, 4.850% (SOFR +0.550%), 2/1/2023 | 55,000,000 | |
100,000,000 | Chariot Funding LLC, 4.880% (SOFR +0.580%), 2/1/2023 | 100,000,000 | |
100,000,000 | Chariot Funding LLC, 4.930% (SOFR +0.630%), 2/1/2023 | 100,000,000 | |
50,000,000 | Fairway Finance Co. LLC, 4.700% (SOFR +0.400%), 2/1/2023 | 50,000,000 | |
50,000,000 | Fairway Finance Co. LLC, 4.750% (SOFR +0.450%), 2/1/2023 | 50,000,000 | |
50,000,000 | Fairway Finance Co. LLC, 4.900% (SOFR +0.600%), 2/1/2023 | 50,000,000 | |
40,000,000 | Old Line Funding, LLC, 4.750% (SOFR +0.450%), 2/1/2023 | 40,000,000 | |
50,000,000 | Old Line Funding, LLC, 4.760% (SOFR +0.460%), 2/1/2023 | 50,000,000 | |
100,000,000 | Old Line Funding, LLC, 4.770% (SOFR +0.470%), 2/1/2023 | 100,000,000 | |
50,000,000 | Old Line Funding, LLC, 4.800% (SOFR +0.500%), 2/1/2023 | 50,000,000 | |
57,500,000 | Old Line Funding, LLC, 4.820% (SOFR +0.520%), 2/1/2023 | 57,500,000 | |
15,000,000 | Old Line Funding, LLC, 4.840% (SOFR +0.540%), 2/1/2023 | 15,000,000 | |
25,000,000 | Thunder Bay Funding, LLC, 4.730% (SOFR +0.430%), 2/1/2023 | 25,000,000 | |
100,000,000 | Thunder Bay Funding, LLC, 4.770% (SOFR +0.470%), 2/1/2023 | 100,000,000 | |
100,000,000 | Thunder Bay Funding, LLC, 4.870% (SOFR +0.570%), 2/1/2023 | 100,000,000 | |
TOTAL | 1,027,500,000 | ||
Government Agency— 0.9% | |||
5,915,000 | 1320 W Jefferson LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/1/2023 | 5,915,000 | |
4,925,000 | Andrew Long Irrevocable Family Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 4,925,000 | |
2,700,000 | Archer 1 LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 2,700,000 | |
2,100,000 | BWF Forge TL Properties Owner LLC, (Federal Home Loan Bank of Des Moines LOC)/(Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 2,100,000 | |
1,555,000 | CMR LLC, CMR LLC Project Series 2017, (Federal Home Loan Bank of Indianapolis LOC), 4.520%, 2/2/2023 | 1,555,000 | |
5,420,000 | Dennis Wesley Company, Inc., The Dennis Wesley Company, Inc. Project, (Federal Home Loan Bank of Indianapolis LOC), 4.400%, 2/2/2023 | 5,420,000 | |
6,130,000 | Frank Dale Insurance Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 6,130,000 | |
11,100,000 | Ivy Row at South, LLC, (Federal Home Loan Bank of Atlanta LOC), 4.400%, 2/2/2023 | 11,100,000 | |
13,645,000 | Ivy Row at Southern Miss, LLC, (Federal Home Loan Bank of Atlanta LOC), 4.400%, 2/2/2023 | 13,645,000 |
Principal Amount or Shares | Value | ||
1 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 6,740,000 | Mason Harrison Ratliff Enterprises, LLC, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | $ 6,740,000 | |
30,200,000 | Mike P. Sturdivant, Sr. Family Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 30,200,000 | |
25,622,500 | Naples SI, LLC, (Federal Home Loan Bank of Indianapolis LOC), 4.400%, 2/2/2023 | 25,622,500 | |
35,960,000 | Park Stanton Place LP, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 35,960,000 | |
6,215,000 | Phenix City, AL Downtown Redevelopment Authority, Series 2013-A, (Federal Home Loan Bank of New York LOC), 4.400%, 2/2/2023 | 6,215,000 | |
21,000,000 | Pittsburg Fox Creek Associates L.P., Series 2011-A, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 21,000,000 | |
7,645,000 | Plaza Fitzsimons Owner, LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/1/2023 | 7,645,000 | |
5,025,000 | Public Finance Authority, Series 2015-A Ram Eufaula Hospitality, LLC, (Federal Home Loan Bank of New York LOC), 4.300%, 2/2/2023 | 5,025,000 | |
6,000,000 | Riverview Project, Series 2021, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 6,000,000 | |
19,900,000 | Rohnert Park 668, L.P., (Federal Home Loan Bank of San Francisco LOC), 4.813%, 2/2/2023 | 19,900,000 | |
7,600,000 | Sandy Jacobs Irrevocable Insurance Trust, Series 2019, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 7,600,000 | |
22,065,000 | Sendra Family Irrevocable Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 22,065,000 | |
11,260,000 | Shawn R. Trapuzzano Irrevocable Insurance Trust, (Federal Home Loan Bank of Pittsburgh LOC), 4.400%, 2/2/2023 | 11,260,000 | |
4,860,000 | Spingola Insurance Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 4,860,000 | |
2,560,000 | The J.G. Aguirre Master Trust, (Federal Home Loan Bank of Atlanta LOC), 4.400%, 2/2/2023 | 2,560,000 | |
23,765,000 | The Jacob Rosenstein Irrevocable Life Insurance Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 23,765,000 | |
4,150,000 | The Mary Jane Beauregard Irrevocable Insurance Trust of 2017, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/1/2023 | 4,150,000 | |
4,710,000 | The Mulberry Family Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 4,710,000 | |
20,330,000 | The Murray D. Berry Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/1/2023 | 20,330,000 | |
20,945,000 | The Ray L. Berry Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/1/2023 | 20,945,000 |
Principal Amount or Shares | Value | ||
1 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 16,400,000 | Wingo Family Master Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | $ 16,400,000 | |
TOTAL | 356,442,500 | ||
TOTAL NOTES - VARIABLE | 10,884,346,120 | ||
TIME DEPOSITS— 12.7% | |||
Finance - Banking— 12.7% | |||
1,880,000,000 | ABN Amro Bank NV, 4.330% - 4.510%, 2/1/2023 - 2/7/2023 | 1,880,000,000 | |
1,375,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.320% - 4.360%, 2/1/2023 - 2/3/2023 | 1,375,000,000 | |
200,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.320%, 2/1/2023 | 200,000,000 | |
150,000,000 | Cooperatieve Rabobank UA, 4.290%, 2/1/2023 | 150,000,000 | |
200,000,000 | Mizuho Bank Ltd., 4.320%, 2/1/2023 | 200,000,000 | |
750,000,000 | NRW.Bank, 4.450%, 2/6/2023 | 750,000,000 | |
300,000,000 | Toronto Dominion Bank, 4.460%, 2/6/2023 | 300,000,000 | |
TOTAL TIME DEPOSITS | 4,855,000,000 | ||
3 | COMMERCIAL PAPER— 12.7% | ||
Finance - Banking— 7.1% | |||
141,026,000 | Albion Capital LLC, (MUFG Bank Ltd. LIQ), 4.536% - 4.588%, 2/13/2023 - 2/16/2023 | 140,803,296 | |
1,116,500,000 | Anglesea Funding LLC, 4.383% - 5.034%, 2/1/2023 - 7/19/2023 | 1,113,862,468 | |
125,000,000 | Bank of Montreal, 5.015%, 10/11/2023 | 125,000,000 | |
140,000,000 | Bennington Stark Capital Co., LLC, (Societe Generale, Paris LIQ), 4.427%, 2/7/2023 | 139,897,100 | |
21,000,000 | BPCE SA, 4.376%, 2/3/2023 | 20,994,925 | |
150,000,000 | Chesham Finance LLC Series III, (Societe Generale, Paris COL), 4.598%, 3/3/2023 | 149,427,500 | |
175,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 5.055%, 7/24/2023 | 170,854,007 | |
300,000,000 | DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 5.034%, 7/25/2023 | 292,880,500 | |
175,000,000 | Gotham Funding Corp., (MUFG Bank Ltd. LIQ), 4.823%, 5/5/2023 | 172,848,083 | |
109,000,000 | Great Bear Funding LLC, 4.354% - 4.375%, 2/1/2023 - 2/3/2023 | 108,976,075 | |
65,000,000 | National Australia Bank Ltd., Melbourne, 3.865%, 6/15/2023 | 64,099,967 | |
83,000,000 | Royal Bank of Canada, 4.049%, 8/23/2023 | 81,179,372 | |
140,000,000 | Victory Receivables Corp., (MUFG Bank Ltd. LIQ), 4.809%, 4/17/2023 | 138,614,583 | |
TOTAL | 2,719,437,876 | ||
Finance - Commercial— 0.1% | |||
30,000,000 | Atlantic Asset Securitization LLC, 4.310%, 2/1/2023 | 29,924,167 |
Principal Amount or Shares | Value | ||
3 | COMMERCIAL PAPER— continued | ||
Finance - Retail— 0.5% | |||
$ 40,000,000 | Fairway Finance Co. LLC, 5.043%, 7/24/2023 | $ 39,054,267 | |
145,000,000 | Thunder Bay Funding, LLC, 5.091%, 8/2/2023 | 141,364,044 | |
TOTAL | 180,418,311 | ||
Oil & Oil Finance— 0.3% | |||
125,000,000 | TotalEnergies Capital Canada Ltd., 4.351%, 2/3/2023 | 124,969,861 | |
Sovereign— 4.7% | |||
875,000,000 | BNG Bank N.V., 4.314% - 4.553%, 2/1/2023 - 2/27/2023 | 873,572,035 | |
70,000,000 | Export Development Canada, (Canada, Government of SUB), 5.203%, 11/9/2023 | 67,268,056 | |
850,000,000 | Nederlandse Waterschapsbank NV, 4.360%, 2/3/2023 | 849,794,819 | |
TOTAL | 1,790,634,910 | ||
TOTAL COMMERCIAL PAPER | 4,845,385,125 | ||
CERTIFICATES OF DEPOSIT— 9.9% | |||
Finance - Banking— 9.9% | |||
105,000,000 | Bank of Montreal, 5.470%, 1/8/2024 | 105,000,000 | |
1,175,000,000 | Credit Agricole Corporate and Investment Bank, 4.310% - 4.490%, 2/1/2023 - 2/7/2023 | 1,175,000,000 | |
1,041,000,000 | Mizuho Bank Ltd., 4.360% - 4.810%, 2/1/2023 - 5/4/2023 | 1,041,000,000 | |
1,089,750,000 | Sumitomo Mitsui Trust Bank Ltd., 4.770% - 4.830%, 4/13/2023 - 5/17/2023 | 1,089,749,062 | |
191,500,000 | Toronto Dominion Bank, 3.010% - 4.070%, 6/7/2023 - 7/18/2023 | 191,500,000 | |
175,000,000 | Toronto Dominion Bank, 5.250%, 1/25/2024 | 175,000,000 | |
TOTAL CERTIFICATES OF DEPOSIT | 3,777,249,062 | ||
U.S. TREASURY— 4.1% | |||
U.S. Treasury Bills— 4.0% | |||
1,520,000,000 | 4 | United States Treasury Bill, 4.490%, 2/23/2023 | 1,515,829,289 |
U.S. Treasury Notes— 0.1% | |||
50,000,000 | 1 | United States Treasury Floating Rate Notes, 4.682% (91-day T-Bill +0.034%), 2/7/2023 | 50,000,977 |
TOTAL U.S. TREASURY | 1,565,830,266 | ||
OTHER REPURCHASE AGREEMENTS— 8.8% | |||
Finance - Banking— 8.8% | |||
20,000,000 | BMO Capital Markets Corp., 4.47%, dated 1/31/2023, interest in a $20,000,000 collateralized loan agreement will repurchase securities provided as collateral for $20,002,483 on 2/1/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and sovereign with a market value of $20,402,533 have been received as collateral and held with BNY Mellon as tri-party agent. | 20,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 315,000,000 | BMO Capital Markets Corp., 4.42%, dated 1/31/2023, interest in a $325,000,000 collateralized loan agreement will repurchase securities provided as collateral for $325,039,903 on 2/1/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign with a market value of $331,540,701 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 315,000,000 | |
25,000,000 | BNP Paribas S.A., 4.40%, dated 1/31/2023, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,042,778 on 2/1/2023, in which asset-backed securities, corporate bonds, medium-term notes, U.S. Government Agency securities and sovereign with a market value of $358,110,649 have been received as collateral and held with BNY Mellon as tri-party agent. | 25,000,000 | |
100,000,000 | BNP Paribas S.A., 4.47%, dated 1/31/2023, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,012,417 on 2/1/2023, in which asset-backed securities and corporate bond with a market value of $102,012,845 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
130,000,000 | Credit Agricole S.A., 4.72%, dated 6/24/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,275,333 on 2/10/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds and sovereign with a market value of $306,126,468 have been received as collateral and held with BNY Mellon as tri-party agent. | 130,000,000 | |
520,000,000 | Credit Agricole S.A., 4.62%, dated 6/24/2022, interest in a $800,000,000 collateralized loan agreement will repurchase securities provided as collateral for $800,718,667 on 2/10/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign with a market value of $816,155,252 have been received as collateral and held with BNY Mellon as tri-party agent. | 520,000,000 | |
200,000,000 | HSBC Securities (USA), Inc., 4.42%, dated 1/31/2023, interest in a $295,000,000 collateralized loan agreement will repurchase securities provided as collateral for $295,036,219 on 2/1/2023, in which collateralized mortgage obligation, corporate bonds and sovereign securities with a market value of $300,900,941 have been received as collateral and held with BNY Mellon as tri-party agent. | 200,000,000 | |
160,000,000 | J.P. Morgan Securities LLC, 4.82%, dated 1/23/2023, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $251,004,167 on 2/1/2023, in which asset-backed securities, collateralized mortgage obligation, corporate bonds, medium-term notes and sovereign securities with a market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 160,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 50,000,000 | Mizuho Securities USA, Inc., 4.42%, dated 1/31/2023, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,012,278 on 2/1/2023, in which asset-backed securities and corporate bonds with a market value of $102,012,524 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 50,000,000 | |
65,000,000 | Mizuho Securities USA, Inc., 4.42%, dated 1/31/2023, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,012,278 on 2/1/2023, in which common stocks with a market value of $102,012,524 have been received as collateral and held with BNY Mellon as tri-party agent. | 65,000,000 | |
95,000,000 | Mizuho Securities USA, Inc., 4.42%, dated 1/31/2023, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,012,278 on 2/1/2023, in which asset-backed securities and corporate bonds with a market value of $102,012,524 have been received as collateral and held with BNY Mellon as tri-party agent. | 95,000,000 | |
200,000,000 | Mitsubishi UFG Securities Americas, Inc., 4.47%, dated 1/31/2023, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,037,250 on 2/1/2023, in which American depositary receipts, common stocks, corporate bonds, exchange traded funds and unit investment trust and municipal bonds with a market value of $306,038,896 have been received as collateral and held with BNY Mellon as tri-party agent. | 200,000,000 | |
150,000,000 | Pershing LLC, 4.82%, dated 7/14/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,281,167 on 2/10/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, commercial paper, common stocks, convertible bond, certificate of deposit, exchange traded funds, medium-term notes municipal bonds, mutual funds and sovereign with a market value of $306,038,845 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
225,000,000 | Societe Generale, Paris, 4.38%, dated 1/31/2023, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,042,583 on 2/1/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and sovereign with a market value of $357,246,293 have been received as collateral and held with BNY Mellon as tri-party agent. | 225,000,000 | |
320,000,000 | Societe Generale, Paris, 4.47%, dated 1/31/2023, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,080,708 on 2/1/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, medium-term notes and treasury note with a market value of $663,082,322 have been received as collateral and held with BNY Mellon as tri-party agent. | 320,000,000 |
Principal Amount or Shares | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 100,000,000 | Standard Chartered Bank, 4.44%, dated 1/30/2023, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,037,000 on 2/2/2023, in which treasury bond and treasury notes with a market value of $102,025,201 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 100,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 5.17%, dated 2/3/2022, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $151,960,292 on 2/1/2023, in which commercial paper and certificate of deposit with a market value of $153,505,368 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
150,000,000 | Wells Fargo Securities LLC, 5.08%, dated 12/21/2022, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $151,905,000 on 3/21/2023, in which certificate of deposit with a market value of $153,906,781 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
175,000,000 | Wells Fargo Securities LLC, 5.20%, dated 4/27/2021, interest in a $175,000,000 collateralized loan agreement will repurchase securities provided as collateral for $177,275,000 on 3/21/2023, in which commercial paper with a market value of $178,628,918 have been received as collateral and held with BNY Mellon as tri-party agent. | 175,000,000 | |
220,000,000 | Wells Fargo Securities LLC, 5.22%, dated 1/9/2023, interest in a $220,000,000 collateralized loan agreement will repurchase securities provided as collateral for $222,871,000 on 5/4/2023, in which convertible bonds and certificate of deposit with a market value of $225,141,206 have been received as collateral and held with BNY Mellon as tri-party agent. | 220,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS | 3,370,000,000 | ||
REPURCHASE AGREEMENTS— 17.3% | |||
Finance - Banking— 17.3% | |||
5,500,000,000 | Repurchase agreement 4.30%, dated 1/31/2023 under which Federal Reserve Bank of New York will repurchase securities provided as collateral for $5,500,656,944 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2040 and the market value of those underlying securities was $5,500,656,994. | 5,500,000,000 | |
51,316,000 | Interest in $2,000,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Sumitomo Mitsui Banking Corp. will repurchase securities provided as collateral for $2,000,238,889 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 10/20/2052 and the market value of those underlying securities was $2,040,243,667. | 51,316,000 |
Principal Amount or Shares | Value | ||
REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 500,000,000 | Interest in $1,650,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $1,650,197,083 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/1/2053 and the market value of those underlying securities was $1,683,201,025. | $ 500,000,000 | |
500,000,000 | Interest in $1,800,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $1,800,215,000 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2052 and the market value of those underlying securities was $1,836,219,336. | 500,000,000 | |
50,000,000 | Interest in $150,000,000 joint repurchase agreement 4.38%, dated 1/31/2023 under which Standard Chartered Bank will repurchase securities provided as collateral for $150,018,250 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency and U.S. Treasury securities with various maturities to 1/1/2053 and the market value of those underlying securities was $153,018,623. | 50,000,000 | |
TOTAL REPURCHASE AGREEMENTS | 6,601,316,000 | ||
INVESTMENT COMPANIES— 3.9% | |||
1,000,016,505 | Federated Hermes Institutional Money Market Management, Institutional Shares, 4.42%5 | 999,713,001 | |
500,317,389 | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 4.41%5 | 500,320,089 | |
TOTAL INVESTMENT COMPANIES | 1,500,033,090 | ||
TOTAL INVESTMENT IN SECURITIES—97.8% (AT AMORTIZED COST)6 | 37,399,159,663 | ||
OTHER ASSETS AND LIABILITIES - NET—2.2%7 | 845,725,673 | ||
TOTAL NET ASSETS—100% | $38,244,885,336 |
Federated Hermes Institutional Money Market Management, Institutional Shares | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares | Total of Affiliated Transactions | |
Value as of 7/31/2022 | $999,713,001 | $500,320,089 | $1,500,033,090 |
Purchases at Cost | $— | $— | $— |
Proceeds from Sales | $— | $— | $— |
Change in Unrealized Appreciation/ Depreciation | $— | $— | $— |
Net Realized Gain/(Loss) | $— | $— | $— |
Value as of 1/31/2023 | $999,713,001 | $500,320,089 | $1,500,033,090 |
Shares Held as of 1/31/2023 | 1,000,016,505 | 500,317,389 | 1,500,333,894 |
Dividend Income | $17,028,169 | $8,455,463 | $25,483,632 |
1 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or availing of an exemption from registration, under the Securities Act of 1933; or (b) is subject to a contractual restriction on public sales. At January 31, 2023, these restricted securities amounted to $150,000,000, which represented 0.4% of total net assets. |
3 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
4 | Discount rate at time of purchase. |
5 | 7-day net yield. |
6 | Also represents cost of investments for federal tax purposes. |
7 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following is a summary of the inputs used, as of January 31, 2023, in valuing the Fund’s assets carried at fair value:
Valuation Inputs | ||||
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Total | |
Debt Securities: | ||||
Notes - Variable | $— | $10,884,346,120 | $— | $10,884,346,120 |
Time Deposits | — | 4,855,000,000 | — | 4,855,000,000 |
Commercial Paper | — | 4,845,385,125 | — | 4,845,385,125 |
Certificates of Deposit | — | 3,777,249,062 | — | 3,777,249,062 |
U.S. Treasury | — | 1,565,830,266 | — | 1,565,830,266 |
Other Repurchase Agreements | — | 3,370,000,000 | — | 3,370,000,000 |
Repurchase Agreements | — | 6,601,316,000 | — | 6,601,316,000 |
Investment Company | 1,500,033,090 | — | — | 1,500,033,090 |
TOTAL SECURITIES | $1,500,033,090 | $35,899,126,573 | $— | $37,399,159,663 |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
GTD | —Guaranteed | |
IDB | —Industrial Development Bond | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
SOFR | —Secured Overnight Financing Rate | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.017 | 0.003 | 0.0001 | 0.013 | 0.023 | 0.015 |
Net realized gain (loss) | (0.000)1 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
TOTAL FROM INVESTMENT OPERATIONS | 0.017 | 0.003 | 0.0001 | 0.013 | 0.023 | 0.015 |
Less Distributions: | ||||||
Distributions from net investment income | (0.017) | (0.003) | (0.000)1 | (0.013) | (0.023) | (0.015) |
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 | (0.017) | (0.003) | (0.000)1 | (0.013) | (0.023) | (0.015) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.69% | 0.33% | 0.04% | 1.33% | 2.36% | 1.53% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.20%4 | 0.19% | 0.20% | 0.20% | 0.20% | 0.20% |
Net investment income | 3.50%4 | 0.36% | 0.04% | 1.33% | 2.36% | 1.56% |
Expense waiver/ reimbursement5 | 0.09%4 | 0.12% | 0.10% | 0.10% | 0.10% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $30,878,494 | $13,928,308 | $11,788,470 | $18,814,127 | $16,862,096 | $5,770,600 |
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. |
January 31, 2023 (unaudited)
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $9,971,316,000 |
Investment in securities, including $1,500,033,090 of investment in affiliated holdings* | 27,427,843,663 |
Investment in securities, at amortized cost and fair value | 37,399,159,663 |
Cash | 600,073,230 |
Income receivable | 59,097,261 |
Income receivable from affiliated holdings | 5,594,106 |
Receivable for shares sold | 300,276,889 |
Total Assets | 38,364,201,149 |
Liabilities: | |
Payable for investments purchased | 2,840,000 |
Payable for shares redeemed | 108,720,558 |
Income distribution payable | 5,741,963 |
Capital gain distribution payable | 104,307 |
Payable for investment adviser fee (Note 4) | 115,191 |
Payable for administrative fee (Note 4) | 81,365 |
Payable for Directors’/Trustees’ fees (Note 4) | 28,544 |
Payable for distribution services fee (Note 4) | 367,937 |
Payable for other service fees (Notes 2 and 4) | 1,059,825 |
Accrued expenses (Note 4) | 256,123 |
Total Liabilities | 119,315,813 |
Net assets for 38,248,497,213 shares outstanding | $38,244,885,336 |
Net Assets Consist of: | |
Paid-in capital | $38,248,488,397 |
Total distributable earnings (loss) | (3,603,061) |
Total Net Assets | $38,244,885,336 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Automated Shares: | |
$885,929,982 ÷ 886,013,983 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Class R Shares: | |
$45,854,448 ÷ 45,858,735 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Wealth Shares: | |
$30,878,494,485 ÷ 30,881,408,960 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Advisor Shares: | |
$2,765,164,205 ÷ 2,765,426,649 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$1,981,952,337 ÷ 1,982,139,071 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$1,080,873,663 ÷ 1,080,976,273 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$53,636,935 ÷ 53,642,028 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Capital Shares: | |
$517,390,217 ÷ 517,439,186 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Trust Shares: | |
$35,589,064 ÷ 35,592,328 shares outstanding, no par value, unlimited shares authorized | $1.00 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended January 31, 2023 (unaudited)
Investment Income: | |
Interest | $478,730,766 |
Dividends received from affiliated holdings* | 25,483,632 |
TOTAL INCOME | 504,214,398 |
Expenses: | |
Investment adviser fee (Note 4) | 26,654,575 |
Administrative fee (Note 4) | 10,741,586 |
Custodian fees | 359,059 |
Transfer agent fees (Note 2) | 1,334,309 |
Directors’/Trustees’ fees (Note 4) | 63,911 |
Auditing fees | 12,683 |
Legal fees | 5,144 |
Portfolio accounting fees | 139,050 |
Distribution services fee (Note 4) | 2,330,556 |
Other service fees (Notes 2 and 4) | 4,824,811 |
Share registration costs | 329,014 |
Printing and postage | 236,838 |
Miscellaneous (Note 4) | 89,491 |
TOTAL EXPENSES | 47,121,027 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 4) | (12,143,889) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (41,925) |
TOTAL WAIVERS AND REIMBURSEMENTS | (12,185,814) |
Net expenses | 34,935,213 |
Net investment income | 469,279,185 |
Net realized loss on investments | (3,561,475) |
Change in net assets resulting from operations | $465,717,710 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended 7/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $469,279,185 | $53,190,187 |
Net realized gain (loss) | (3,561,475) | 143,440 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 465,717,710 | 53,333,627 |
Distributions to Shareholders: | ||
Automated Shares | (11,651,780) | (2,585,791) |
Class R Shares | (530,659) | (33,725) |
Wealth Shares | (376,615,300) | (39,560,633) |
Advisor Shares | (32,032,463) | (2,214,414) |
Service Shares | (25,672,563) | (3,354,482) |
Cash II Shares | (15,080,850) | (1,568,320) |
Cash Series Shares | (560,232) | (37,265) |
Capital Shares | (6,981,096) | (832,858) |
Trust Shares | (360,441) | (2,998,443) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (469,485,384) | (53,185,931) |
Share Transactions: | ||
Proceeds from sale of shares | 36,523,006,323 | 19,988,592,929 |
Net asset value of shares issued to shareholders in payment of distributions declared | 442,464,290 | 49,057,880 |
Cost of shares redeemed | (17,577,429,068) | (20,256,811,128) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 19,388,041,545 | (219,160,319) |
Change in net assets | 19,384,273,871 | (219,012,623) |
Net Assets: | ||
Beginning of period | 18,860,611,465 | 19,079,624,088 |
End of period | $38,244,885,336 | $18,860,611,465 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | |
Automated Shares | $308,859 | $— |
Class R Shares | 48,394 | — |
Wealth Shares | 289,954 | (52) |
Advisor Shares | 23,848 | — |
Service Shares | 23,406 | — |
Cash II Shares | 615,096 | (9,176) |
Cash Series Shares | 18,694 | — |
Capital Shares | 5,737 | — |
Trust Shares | 321 | (2) |
TOTAL | $1,334,309 | $(9,230) |
Other Service Fees Incurred | |
Automated Shares | $956,804 |
Class R Shares | 53,148 |
Service Shares | 2,053,503 |
Cash II Shares | 1,469,214 |
Cash Series Shares | 54,573 |
Capital Shares | 208,332 |
Trust Shares | 29,237 |
TOTAL | $4,824,811 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Automated Shares: | Shares | Amount | Shares | Amount |
Shares sold | 368,897,906 | $368,897,906 | 1,528,635,804 | $1,528,635,804 |
Shares issued to shareholders in payment of distributions declared | 11,601,254 | 11,601,254 | 2,577,947 | 2,577,947 |
Shares redeemed | (206,371,865) | (206,371,865) | (1,854,156,282) | (1,854,156,282) |
NET CHANGE RESULTING FROM AUTOMATED SHARE TRANSACTIONS | 174,127,295 | $174,127,295 | (322,942,531) | $(322,942,531) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Class R Shares: | Shares | Amount | Shares | Amount |
Shares sold | 21,873,275 | $21,873,275 | 17,000,468 | $17,000,468 |
Shares issued to shareholders in payment of distributions declared | 528,757 | 528,757 | 33,614 | 33,614 |
Shares redeemed | (17,787,420) | (17,787,420) | (14,551,648) | (14,551,648) |
NET CHANGE RESULTING FROM CLASS R SHARE TRANSACTIONS | 4,614,612 | $4,614,612 | 2,482,434 | $2,482,434 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Wealth Shares: | Shares | Amount | Shares | Amount |
Shares sold | 30,131,092,170 | $30,131,092,170 | 13,906,013,345 | $13,906,013,345 |
Shares issued to shareholders in payment of distributions declared | 352,932,520 | 352,932,520 | 35,833,910 | 35,833,910 |
Shares redeemed | (13,530,808,538) | (13,530,808,538) | (11,802,119,110) | (11,802,119,110) |
NET CHANGE RESULTING FROM WEALTH SHARE TRANSACTIONS | 16,953,216,152 | $16,953,216,152 | 2,139,728,145 | $2,139,728,145 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Advisor Shares: | Shares | Amount | Shares | Amount |
Shares sold | 3,145,423,474 | $3,145,423,474 | 1,349,386,951 | $1,349,386,951 |
Shares issued to shareholders in payment of distributions declared | 32,032,448 | 32,032,448 | 2,214,267 | 2,214,267 |
Shares redeemed | (1,438,496,627) | (1,438,496,627) | (513,054,969) | (513,054,969) |
NET CHANGE RESULTING FROM ADVISOR SHARE TRANSACTIONS | 1,738,959,295 | $1,738,959,295 | 838,546,249 | $838,546,249 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,028,389,598 | $2,028,389,598 | 1,344,417,523 | $1,344,417,523 |
Shares issued to shareholders in payment of distributions declared | 23,530,687 | 23,530,687 | 3,061,138 | 3,061,138 |
Shares redeemed | (1,549,480,723) | (1,549,480,723) | (1,579,139,032) | (1,579,139,032) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | 502,439,562 | $502,439,562 | (231,660,371) | $(231,660,371) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 229,351,550 | $229,351,550 | 610,894,665 | $610,894,665 |
Shares issued to shareholders in payment of distributions declared | 14,586,652 | 14,586,652 | 1,557,950 | 1,557,950 |
Shares redeemed | (464,500,880) | (464,500,880) | (586,846,085) | (586,846,085) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | (220,562,678) | $(220,562,678) | 25,606,530 | $25,606,530 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 63,939,105 | $63,939,105 | 61,276,990 | $61,276,990 |
Shares issued to shareholders in payment of distributions declared | 552,321 | 552,321 | 36,978 | 36,978 |
Shares redeemed | (53,131,650) | (53,131,650) | (61,108,129) | (61,108,129) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | 11,359,776 | $11,359,776 | 205,839 | $205,839 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 482,215,854 | $482,215,854 | 299,364,846 | $299,364,846 |
Shares issued to shareholders in payment of distributions declared | 6,342,550 | 6,342,550 | 743,705 | 743,705 |
Shares redeemed | (282,091,246) | (282,091,246) | (318,414,947) | (318,414,947) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | 206,467,158 | $206,467,158 | (18,306,396) | $(18,306,396) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Trust Shares: | Shares | Amount | Shares | Amount |
Shares sold | 51,823,391 | $51,823,391 | 871,602,337 | $871,602,337 |
Shares issued to shareholders in payment of distributions declared | 357,101 | 357,101 | 2,998,371 | 2,998,371 |
Shares redeemed | (34,760,119) | (34,760,119) | (3,527,420,926) | (3,527,420,926) |
NET CHANGE RESULTING FROM TRUST SHARE TRANSACTIONS | 17,420,373 | $17,420,373 | (2,652,820,218) | $(2,652,820,218) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 19,388,041,545 | $19,388,041,545 | (219,160,319) | $(219,160,319) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Class R Shares | 0.50% |
Cash II Shares | 0.35% |
Cash Series Shares | 0.60% |
Trust Shares | 0.25% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Class R Shares | $108,653 | $(10,866) |
Cash II Shares | 2,061,138 | — |
Cash Series Shares | 130,975 | (21,829) |
Trust Shares | 29,790 | — |
TOTAL | $2,330,556 | $(32,695) |
Beginning Account Value 8/1/2022 | Ending Account Value 1/31/2023 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,016.90 | $1.02 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,024.20 | $1.02 |
1 | Expenses are equal to the Fund’s Wealth Shares annualized net expense ratio of 0.20%, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). |
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 | POIXX | Service | PRSXX | Capital | POPXX |
Federated Hermes Institutional Prime Obligations Fund
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 |
Other Repurchase Agreements and Repurchase Agreements | 36.1% |
Variable Rate Instruments | 34.1% |
Bank Instruments | 15.5% |
Commercial Paper | 9.4% |
U.S. Treasury Securities | 5.0% |
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 security types. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days2 | 82.8% |
8-30 Days | 6.1% |
31-90 Days | 2.9% |
91-180 Days | 6.7% |
181 Days or more | 1.6% |
Other Assets and Liabilities—Net3 | (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 | Overnight securities comprised 34.0% of the Fund’s portfolio. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— 34.1% | ||
Aerospace/Auto— 0.1% | |||
$ 20,000,000 | Toyota Motor Credit Corp., (Toyota Motor Corp. Support Agreement), 4.670% (SOFR +0.370%), 2/1/2023 | $ 20,000,000 | |
Finance - Banking— 29.9% | |||
47,500,000 | Australia & New Zealand Banking Group, Melbourne, 4.650% (SOFR +0.350%), 2/1/2023 | 47,500,000 | |
23,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.650% (SOFR +0.350%), 2/1/2023 | 22,999,995 | |
27,500,000 | Australia & New Zealand Banking Group, Melbourne, 4.680% (SOFR +0.380%), 2/1/2023 | 27,509,708 | |
30,000,000 | Bank of Montreal, 4.860% (SOFR +0.560%), 2/1/2023 | 30,035,207 | |
60,000,000 | Bank of Montreal, 4.950% (SOFR +0.650%), 2/1/2023 | 59,688,403 | |
110,000,000 | Bank of Montreal, 5.000% (SOFR +0.700%), 2/1/2023 | 110,000,000 | |
60,000,000 | Bank of Montreal, 5.000% (SOFR +0.700%), 2/1/2023 | 60,158,696 | |
50,000,000 | Bank of Nova Scotia, Toronto, 4.740% (SOFR +0.440%), 2/1/2023 | 50,021,235 | |
25,000,000 | Bank of Nova Scotia, Toronto, 4.800% (SOFR +0.500%), 2/1/2023 | 25,021,438 | |
100,000,000 | Bank of Nova Scotia, Toronto, 4.800% (SOFR +0.500%), 2/1/2023 | 100,162,188 | |
20,000,000 | Bank of Nova Scotia, Toronto, 4.830% (SOFR +0.530%), 2/1/2023 | 20,000,000 | |
35,000,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 35,042,896 | |
43,500,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 43,554,955 | |
20,000,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 20,025,946 | |
23,500,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 23,529,425 | |
22,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 22,031,384 | |
10,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 10,014,511 | |
50,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 50,086,470 | |
100,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 100,000,000 | |
125,000,000 | Bank of Nova Scotia, Toronto, 4.970% (SOFR +0.670%), 2/1/2023 | 125,222,681 | |
24,000,000 | Bedford Row Funding Corp., (Royal Bank of Canada GTD), 4.630% (SOFR +0.330%), 2/1/2023 | 24,006,734 | |
50,000,000 | Bedford Row Funding Corp., (Royal Bank of Canada GTD), 4.820% (SOFR +0.520%), 2/1/2023 | 50,000,000 | |
54,000,000 | Canadian Imperial Bank of Commerce, 4.800% (SOFR +0.500%), 2/1/2023 | 54,053,273 | |
120,000,000 | Canadian Imperial Bank of Commerce, 4.800% (SOFR +0.500%), 2/1/2023 | 120,114,742 | |
120,000,000 | Canadian Imperial Bank of Commerce, 4.850% (SOFR +0.550%), 2/1/2023 | 120,168,700 | |
50,000,000 | Canadian Imperial Holdings, Inc., 4.820% (SOFR +0.520%), 2/1/2023 | 50,057,288 | |
95,000,000 | Citibank N.A., New York, 4.720% (SOFR +0.420%), 2/1/2023 | 95,038,795 |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 186,000,000 | Citibank N.A., New York, 4.720% (SOFR +0.420%), 2/1/2023 | $ 186,075,711 | |
100,000,000 | Citibank N.A., New York, 4.770% (SOFR +0.470%), 2/1/2023 | 100,086,828 | |
9,900,000 | City Furniture, Inc., (Wells Fargo Bank, N.A. LOC), 4.530%, 2/2/2023 | 9,900,000 | |
15,000,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 4.730% (SOFR +0.430%), 2/1/2023 | 15,009,267 | |
47,500,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 4.750% (SOFR +0.450%), 2/1/2023 | 47,500,000 | |
20,500,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.670% (SOFR +0.370%), 2/1/2023 | 20,500,000 | |
50,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.800% (SOFR +0.500%), 2/1/2023 | 50,000,000 | |
50,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.810% (SOFR +0.510%), 2/1/2023 | 50,000,000 | |
45,000,000 | Commonwealth Bank of Australia, 4.730% (SOFR +0.430%), 2/1/2023 | 45,000,000 | |
50,000,000 | Commonwealth Bank of Australia, 4.800% (SOFR +0.500%), 2/1/2023 | 50,000,000 | |
25,000,000 | Commonwealth Bank of Australia, 4.840% (SOFR +0.540%), 2/1/2023 | 25,000,000 | |
16,700,000 | Greene County Development Authority, Reynolds Lodge, LLC Series 2000B, (U.S. Bank, N.A. LOC), 4.450%, 2/1/2023 | 16,700,000 | |
3,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project 2013A, (Bank of America N.A. LOC), 4.400%, 2/2/2023 | 3,000,000 | |
7,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project, (Bank of America N.A. LOC), 4.400%, 2/2/2023 | 7,000,000 | |
7,595,000 | Gulf Gate Apartments LLC, Series 2003, (Wells Fargo Bank, N.A. LOC), 4.510%, 2/2/2023 | 7,595,000 | |
11,755,000 | Hamilton Station Park and Ride, Series 2005, (Wells Fargo Bank, N.A. LOC), 4.510%, 2/2/2023 | 11,755,000 | |
9,000,000 | Michael Dennis Sullivan Irrevocable Trust, (Wells Fargo Bank, N.A. LOC), 4.400%, 2/2/2023 | 9,000,000 | |
100,000,000 | Mizuho Bank Ltd., 4.860% (SOFR +0.560%), 2/1/2023 | 100,000,000 | |
32,500,000 | MUFG Bank Ltd., 4.700% (SOFR +0.400%), 2/1/2023 | 32,511,243 | |
55,950,000 | MUFG Bank Ltd., 4.790% (SOFR +0.490%), 2/1/2023 | 55,950,552 | |
71,500,000 | MUFG Bank Ltd., 4.850% (SOFR +0.550%), 2/1/2023 | 71,500,000 | |
50,000,000 | National Australia Bank Ltd., Melbourne, 4.700% (SOFR +0.400%), 2/1/2023 | 50,000,000 | |
37,500,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 37,500,000 | |
45,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 45,040,732 | |
84,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 84,069,077 | |
22,500,000 | National Australia Bank Ltd., Melbourne, 4.840% (SOFR +0.540%), 2/1/2023 | 22,523,148 |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 96,500,000 | National Australia Bank Ltd., Melbourne, 4.860% (SOFR +0.560%), 2/1/2023 | $ 96,650,344 | |
50,000,000 | Nordea Bank Abp, 4.540% (SOFR +0.240%), 2/1/2023 | 50,011,608 | |
12,500,000 | Nordea Bank Abp, 4.550% (SOFR +0.250%), 2/1/2023 | 12,500,799 | |
36,000,000 | Nordea Bank Abp, 4.740% (SOFR +0.440%), 2/1/2023 | 36,031,199 | |
40,000,000 | Nordea Bank Abp, 4.800% (SOFR +0.500%), 2/1/2023 | 40,000,000 | |
34,000,000 | Nuveen Floating Rate Income Fund, (Series A), (Sumitomo Mitsui Banking Corp. LOC), 4.620%, 2/2/2023 | 34,000,000 | |
3,115,000 | Public Building Corp., Springfield, MO, Jordan Valley Ice Park, Series 2003, (U.S. Bank, N.A. LOC), 4.450%, 2/2/2023 | 3,115,000 | |
50,000,000 | 2 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 4.700% (SOFR +0.400%), 2/1/2023 | 50,000,000 |
35,000,000 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 4.750% (SOFR +0.450%), 2/1/2023 | 35,000,000 | |
150,000,000 | Royal Bank of Canada, 4.850% (SOFR +0.550%), 2/1/2023 | 150,134,487 | |
62,500,000 | Royal Bank of Canada, 5.050% (SOFR +0.750%), 2/1/2023 | 62,633,697 | |
35,000,000 | Royal Bank of Canada, New York Branch, 4.870% (SOFR +0.570%), 2/1/2023 | 35,059,341 | |
95,000,000 | Royal Bank of Canada, New York Branch, 4.880% (SOFR +0.580%), 2/1/2023 | 95,152,727 | |
18,965,000 | Salem Green, LLP, Salem Green Apartments Project, Series 2010, (Wells Fargo Bank, N.A. LOC), 4.510%, 2/2/2023 | 18,965,000 | |
300,000,000 | Sumitomo Mitsui Trust Bank Ltd., 4.740% (SOFR +0.440%), 2/1/2023 | 300,000,000 | |
130,500,000 | Svenska Handelsbanken, Stockholm, 4.650% (SOFR +0.350%), 2/1/2023 | 130,500,000 | |
125,000,000 | Svenska Handelsbanken, Stockholm, 4.860% (SOFR +0.560%), 2/1/2023 | 125,000,000 | |
80,295,470 | Taxable Tender Option Bond Trust 2021-MIZ9060TX, (Series 2021-MIZ9060TX) VRDNs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.590%, 2/1/2023 | 80,295,470 | |
10,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9075TX, (Series MIZ-9075TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.590%, 2/1/2023 | 10,000,000 | |
3,534,874 | Taxable Tender Option Bond Trust 2021-MIZ9077TX, (Series 2021-MIZ9077TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.590%, 2/1/2023 | 3,534,874 | |
2,207,606 | Taxable Tender Option Bond Trust 2021-MIZ9078TX, (Series 2021-MIZ9078TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.590%, 2/1/2023 | 2,207,606 | |
17,500,000 | Toronto Dominion Bank, 4.880% (SOFR +0.580%), 2/1/2023 | 17,536,905 | |
27,500,000 | Toronto Dominion Bank, 4.880% (SOFR +0.580%), 2/1/2023 | 27,541,573 | |
60,000,000 | Triborough Bridge & Tunnel Authority, NY, (Series E Taxable) Weekly VRDNs, (UBS AG LOC), 4.350%, 2/2/2023 | 60,000,000 |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 7,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.700% (SOFR +0.400%), 2/1/2023 | $ 7,003,972 | |
99,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.750% (SOFR +0.450%), 2/1/2023 | 99,000,000 | |
150,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.750% (SOFR +0.450%), 2/1/2023 | 150,000,000 | |
40,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.800% (SOFR +0.500%), 2/1/2023 | 40,000,000 | |
136,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.800% (SOFR +0.500%), 2/1/2023 | 136,000,000 | |
45,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.840% (SOFR +0.540%), 2/1/2023 | 45,056,750 | |
22,500,000 | Westpac Banking Corp. Ltd., Sydney, 4.840% (SOFR +0.540%), 2/1/2023 | 22,530,451 | |
5,870,000 | Yeshivas Novominsk, Series 2008, (TD Bank, N.A. LOC), 4.570%, 2/2/2023 | 5,870,000 | |
TOTAL | 4,630,593,031 | ||
Finance - Retail— 2.4% | |||
10,000,000 | Chariot Funding LLC, 4.660% (SOFR +0.360%), 2/1/2023 | 10,000,000 | |
45,000,000 | Chariot Funding LLC, 4.850% (SOFR +0.550%), 2/1/2023 | 45,000,000 | |
45,000,000 | Fairway Finance Co. LLC, 4.700% (SOFR +0.400%), 2/1/2023 | 45,000,000 | |
61,750,000 | Old Line Funding, LLC, 4.700% (SOFR +0.400%), 2/1/2023 | 61,750,000 | |
47,500,000 | Old Line Funding, LLC, 4.760% (SOFR +0.460%), 2/1/2023 | 47,500,000 | |
42,500,000 | Old Line Funding, LLC, 4.800% (SOFR +0.500%), 2/1/2023 | 42,500,000 | |
40,000,000 | Old Line Funding, LLC, 4.820% (SOFR +0.520%), 2/1/2023 | 40,000,000 | |
45,000,000 | Old Line Funding, LLC, 4.870% (SOFR +0.570%), 2/1/2023 | 45,032,735 | |
25,000,000 | Thunder Bay Funding, LLC, 4.730% (SOFR +0.430%), 2/1/2023 | 25,000,000 | |
TOTAL | 361,782,735 | ||
Government Agency— 1.7% | |||
12,785,000 | 1320 W Jefferson LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/1/2023 | 12,785,000 | |
51,450,000 | Archer 1 LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 51,450,000 | |
9,015,000 | Austen Children’s Gift Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 9,015,000 | |
6,830,000 | Baker Life Insurance Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 6,830,000 | |
34,850,000 | BWF Forge TL Properties Owner LLC, (Federal Home Loan Bank of Des Moines LOC)/(Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 34,850,000 | |
5,705,000 | Catania Family Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 5,705,000 | |
4,270,000 | Jim Brooks Irrevocable Trust, (Federal Home Loan Bank of Dallas LOC), 4.390%, 2/2/2023 | 4,270,000 |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 11,570,000 | Joseph L. Goggins Irrevocable Insurance Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | $ 11,570,000 | |
3,655,000 | Karyn Brooks Descendants Trust, (Federal Home Loan Bank of Dallas LOC), 4.390%, 2/2/2023 | 3,655,000 | |
6,380,000 | MHF DKF Insurance Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/1/2023 | 6,380,000 | |
17,030,000 | Mohr Green Associates L.P., 2012-A, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 17,030,000 | |
22,610,000 | NWD 2017 Family Trust No. 1, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 22,610,000 | |
9,080,000 | Park Stanton Place LP, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 9,080,000 | |
2,205,000 | Plaza Fitzsimons Owner, LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/1/2023 | 2,205,000 | |
5,010,000 | R.J. Brooks Jr. Irrevocable Trust, (Federal Home Loan Bank of Dallas LOC), 4.390%, 2/2/2023 | 5,010,000 | |
6,980,000 | RK Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 6,980,000 | |
3,500,000 | Rohnert Park 668, L.P., (Federal Home Loan Bank of San Francisco LOC), 4.813%, 2/2/2023 | 3,500,000 | |
6,255,000 | Sibley Family Irrevocable Insurance Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 6,255,000 | |
6,610,000 | The CLC Irrevocable Insurance Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 6,610,000 | |
5,120,000 | The Eugene Kim Irrevocable Life Insurance Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 5,120,000 | |
22,830,000 | The Gregory P. Berry Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/1/2023 | 22,830,000 | |
5,740,000 | The Leopold Family Insurance Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 5,740,000 | |
5,975,000 | The Thompson 2018 Family Trust, (Federal Home Loan Bank of Dallas LOC), 4.390%, 2/2/2023 | 5,975,000 | |
TOTAL | 265,455,000 | ||
TOTAL NOTES - VARIABLE (IDENTIFIED COST $5,275,593,417) | 5,277,830,766 | ||
3 | COMMERCIAL PAPER— 9.4% | ||
Finance - Banking— 5.9% | |||
10,000,000 | Albion Capital LLC, (MUFG Bank Ltd. LIQ), 4.535%, 2/16/2023 | 9,981,167 | |
195,000,000 | Anglesea Funding LLC, 4.383% - 5.034%, 2/1/2023 - 7/19/2023 | 193,954,172 | |
60,000,000 | Bank of Montreal, 2.800%, 5/9/2023 | 60,000,000 | |
40,000,000 | Canadian Imperial Bank of Commerce, 2.069%, 3/20/2023 | 39,760,107 | |
50,000,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 5.055%, 7/24/2023 | 48,807,616 | |
21,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 5.055%, 7/24/2023 | 20,499,199 |
Principal Amount | Value | ||
3 | COMMERCIAL PAPER— continued | ||
Finance - Banking— continued | |||
$ 200,000,000 | DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 5.034%, 7/25/2023 | $ 195,239,028 | |
70,000,000 | Gotham Funding Corp., (MUFG Bank Ltd. LIQ), 4.823%, 5/5/2023 | 69,137,106 | |
22,000,000 | National Australia Bank Ltd., Melbourne, 3.843%, 6/15/2023 | 21,599,050 | |
89,500,000 | Royal Bank of Canada, 2.229% - 4.050%, 3/29/2023 - 8/23/2023 | 87,528,070 | |
122,000,000 | Toronto Dominion Bank, 2.903%, 5/31/2023 | 120,098,426 | |
55,000,000 | Victory Receivables Corp., (MUFG Bank Ltd. LIQ), 4.809%, 4/17/2023 | 54,451,491 | |
TOTAL | 921,055,432 | ||
Finance - Retail— 0.4% | |||
7,500,000 | Fairway Finance Co. LLC, 5.043%, 7/24/2023 | 7,318,967 | |
50,000,000 | Thunder Bay Funding, LLC, 5.091%, 8/2/2023 | 48,746,222 | |
TOTAL | 56,065,189 | ||
Insurance— 1.9% | |||
300,000,000 | UnitedHealth Group, Inc., 4.323%, 2/1/2023 | 300,000,000 | |
Oil & Oil Finance— 0.3% | |||
42,400,000 | TotalEnergies Capital Canada Ltd., 4.351%, 2/3/2023 | 42,389,777 | |
Sovereign— 0.9% | |||
115,000,000 | BNG Bank N.V., 4.341% - 4.553%, 2/1/2023 - 2/27/2023 | 114,754,354 | |
30,000,000 | Export Development Canada, (Canada, Government of SUB), 5.203%, 11/9/2023 | 28,829,167 | |
TOTAL | 143,583,521 | ||
TOTAL COMMERCIAL PAPER (IDENTIFIED COST $1,464,607,005) | 1,463,093,919 | ||
CERTIFICATES OF DEPOSIT— 9.1% | |||
Finance - Banking— 9.1% | |||
66,500,000 | Bank of Montreal, 2.850% - 5.470%, 5/24/2023 - 1/8/2024 | 66,435,127 | |
325,000,000 | Credit Agricole Corporate and Investment Bank, 4.310% - 4.490%, 2/1/2023 - 2/7/2023 | 325,000,000 | |
335,500,000 | Mizuho Bank Ltd., 4.360% - 4.810%, 2/1/2023 - 5/4/2023 | 335,504,067 | |
406,500,000 | Sumitomo Mitsui Trust Bank Ltd., 4.770% - 4.830%, 4/13/2023 - 5/16/2023 | 406,541,672 | |
205,000,000 | Toronto Dominion Bank, 2.800% - 4.070%, 5/5/2023 - 7/18/2023 | 203,882,621 | |
70,000,000 | Toronto Dominion Bank, 5.250%, 1/25/2024 | 70,006,090 | |
TOTAL CERTIFICATES OF DEPOSIT (IDENTIFIED COST $1,408,499,723) | 1,407,369,577 | ||
TIME DEPOSITS— 6.4% | |||
Finance - Banking— 6.4% | |||
770,000,000 | ABN Amro Bank NV, 4.330% - 4.510%, 2/1/2023 - 2/7/2023 | 770,000,000 | |
125,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.360%, 2/3/2023 | 125,000,000 |
Principal Amount | Value | ||
TIME DEPOSITS— continued | |||
Finance - Banking— continued | |||
$ 100,000,000 | Mizuho Bank Ltd., 4.320%, 2/1/2023 | $ 100,000,000 | |
TOTAL TIME DEPOSITS (IDENTIFIED COST $995,000,000) | 995,000,000 | ||
U.S. TREASURY— 5.0% | |||
U.S. Treasury Bills— 4.7% | |||
730,000,000 | United States Treasury Bill, 4.490%, 2/23/2023 | 727,996,960 | |
U.S. Treasury Notes— 0.3% | |||
50,000,000 | 1 | United States Treasury Floating Rate Notes, 4.682% (91-day T-Bill +0.034%), 2/7/2023 | 50,026,920 |
TOTAL U.S. TREASURY (IDENTIFIED COST $777,997,938) | 778,023,880 | ||
OTHER REPURCHASE AGREEMENTS— 16.8% | |||
Finance - Banking— 16.8% | |||
288,625,000 | BNP Paribas S.A., 4.40%, dated 1/31/2023, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,042,778 on 02/01/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term note and sovereign debt with a market value of $358,110,649 have been received as collateral and held with BNY Mellon as tri-party agent. | 288,625,000 | |
60,000,000 | BofA Securities, Inc., 4.39%, dated 1/31/2023, interest in a $75,000,000 collateralized loan agreement will repurchase securities provided as collateral for $75,009,146 on 02/03/2023, in which corporate bonds with a market value of $76,509,399 have been received as collateral and held with BNY Mellon as tri-party agent. | 60,000,000 | |
100,000,000 | BofA Securities, Inc., 5.19%, dated 9/4/2020, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $101,297,500 on 5/4/2023, in which American depositary receipts, convertible bonds, exchange-traded funds and sovereign debt with a market value of $102,405,932 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
150,000,000 | BofA Securities, Inc., 4.66%, dated 12/13/2022, interest in a $165,000,000 collateralized loan agreement will repurchase securities provided as collateral for $165,149,508 on 2/10/2023, in which corporate bonds and medium-term note with a market value of $168,321,047 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
200,000,000 | BofA Securities, Inc., 5.11%, dated 12/6/2022, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $226,117,813 on 2/10/2023, in which asset-backed securities and collateralized mortgage obligations with a market value of $229,530,919 have been received as collateral and held with BNY Mellon as tri-party agent. | 200,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 250,000,000 | BofA Securities, Inc., 5.19%, dated 9/9/2020, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $253,243,750 on 5/4/2023, in which American depositary receipt, asset-backed securities, corporate bond, convertible bonds and medium-term with a market value of $256,014,831 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 250,000,000 | |
125,000,000 | Credit Agricole S.A., 4.72%, dated 6/24/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,275,333 on 2/10/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations and sovereign debt with a market value of $306,126,468 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
280,000,000 | Credit Agricole S.A., 4.62%, dated 6/24/2022, interest in a $800,000,000 collateralized loan agreement will repurchase securities provided as collateral for $800,718,667 on 2/10/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term note and sovereign debt with a market value of $816,155,252 have been received as collateral and held with BNY Mellon as tri-party agent. | 280,000,000 | |
45,000,000 | HSBC Securities (USA), Inc., 4.42%, dated 1/31/2023, interest in a $245,000,000 collateralized loan agreement will repurchase securities provided as collateral for $245,030,081 on 2/01/2023, in which corporate bonds, medium-term notes and Sovereign debt with a market value of $249,900,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 45,000,000 | |
44,625,000 | ING Financial Markets LLC, 4.39%, dated 1/31/2023, interest in a $50,000,000 collateralized loan agreement will repurchase securities provided as collateral for $50,006,097 on 2/1/2023, in which corporate bonds, medium-term note and sovereign debt with a market value of $51,006,594 have been received as collateral and held with BNY Mellon as tri-party agent. | 44,625,000 | |
65,000,000 | J.P. Morgan Securities LLC, 4.82%, dated 1/23/2023, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $251,004,167 on 02/22/2023, in which asset-backed securities, collateralized mortgage obligation, corporate bonds, medium-term notes and Sovereign debt with a market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 65,000,000 | |
50,000,000 | Mizuho Securities USA, Inc., 4.42%, dated 1/31/2023, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,012,278 on 2/01/2023, in which asset-backed securities and corporate bonds with a market value of $102,012,524 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 85,000,000 | Mizuho Securities USA, Inc., 4.47%, dated 1/31/2023, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,018,625 on 2/01/2023, in which common stocks with a market value of $153,019,001 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 85,000,000 | |
78,625,000 | Mitsubishi UFG Securities Americas, Inc., 4.47%, dated 1/31/2023, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,037,250 on 2/1/2023, in which American depositary receipts, common stocks, corporate bonds, exchange-traded funds, unit investment trust and municipal bonds with a market value of $306,038,896 have been received as collateral and held with BNY Mellon as tri-party agent. | 78,625,000 | |
135,000,000 | Pershing LLC, 4.82%, dated 7/14/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,281,167 on 2/10/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, commercial paper, common stocks, convertible bond, certificate deposit, exchange-traded funds, medium-term notes, municipal bonds, mutual funds and sovereign debt of with a market value of $306,038,845 have been received as collateral and held with BNY Mellon as tri-party agent. | 135,000,000 | |
125,000,000 | Societe Generale, Paris, 4.38%, dated 1/31/2023, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,042,583 on 2/1/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term note and sovereign debt with a market value of $357,246,293 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
300,625,000 | Societe Generale, Paris, 4.47%, dated 1/31/2023, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,080,708 on 2/1/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations and medium-term with a market value of $663,082,322 have been received as collateral and held with BNY Mellon as tri-party agent. | 300,625,000 | |
86,150,000 | Standard Chartered Bank, 4.38%, dated 1/31/2023, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,018,250 on 2/1/2023, in which treasury bonds and treasury notes with a market value of $153,018,623 have been received as collateral and held with BNY Mellon as tri-party agent. | 86,150,000 | |
125,000,000 | Wells Fargo Securities LLC, 5.17%, dated 2/3/2022, interest in a $125,000,000 collateralized loan agreement will repurchase securities provided as collateral for $126,633,576 on 04/10/2023, in which certificate of deposit with a market value of $127,921,140 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS (IDENTIFIED COST $2,593,650,000) | 2,593,650,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— 19.3% | |||
Finance - Banking— 19.3% | |||
$2,000,000,000 | Interest in $2,000,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Federal Reserve Bank of New York will repurchase securities provided as collateral for $2,000,238,889 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2040 and the market value of those underlying securities was $2,000,238,961. | $ 2,000,000,000 | |
484,000,000 | Interest in $2,000,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $2,000,238,889 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 10/20/2052 and the market value of those underlying securities was $2,040,243,667. | 484,000,000 | |
500,000,000 | Interest in $1,650,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $1,650,197,083 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/1/2053 and the market value of those underlying securities was $1,683,201,025. | 500,000,000 | |
TOTAL REPURCHASE AGREEMENTS (IDENTIFIED COST $2,984,000,000) | 2,984,000,000 | ||
TOTAL INVESTMENT IN SECURITIES—100.1% (IDENTIFIED COST $15,499,348,083)4 | 15,498,968,142 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.1)%5 | (16,530,121) | ||
TOTAL NET ASSETS—100% | $15,482,438,021 |
1 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or availing of an exemption from registration, under the Securities Act of 1933; or (b) is subject to a contractual restriction on public sales. At January 31, 2023, these restricted securities amounted to $50,000,000, which represented 0.3% of total net assets. |
3 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
4 | Also represents cost of investments for federal tax purposes. |
5 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
GTD | —Guaranteed | |
LIQ | —Liquidity Agreement | |
LLP | —Limited Liability Partnership | |
LOC | —Letter of Credit | |
MHF | —Maryland Housing Fund | |
SOFR | —Secured Overnight Financing Rate | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $0.9998 | $1.0005 | $1.0007 | $1.0004 | $1.0003 | $1.0003 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.01681 | 0.00371 | 0.0008 | 0.0136 | 0.0239 | 0.0156 |
Net realized and unrealized gain (loss) | 0.0005 | (0.0008) | (0.0002) | 0.0003 | 0.0001 | 0.00002 |
Total From Investment Operations | 0.0173 | 0.0029 | 0.0006 | 0.0139 | 0.0240 | 0.0156 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0168) | (0.0036) | (0.0008) | (0.0136) | (0.0239) | (0.0156) |
Net Asset Value, End of Period | $1.0003 | $0.9998 | $1.0005 | $1.0007 | $1.0004 | $1.0003 |
Total Return3 | 1.75% | 0.29% | 0.05% | 1.39% | 2.43% | 1.57% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.18%5 | 0.16% | 0.15% | 0.15% | 0.15% | 0.17% |
Net investment income | 3.34%5 | 0.38% | 0.08% | 1.37% | 2.41% | 1.62% |
Expense waiver/ reimbursement6 | 0.10%5 | 0.12% | 0.13% | 0.13% | 0.13% | 0.12% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $15,470,601 | $14,232,133 | $15,298,656 | $23,611,390 | $21,146,776 | $10,941,508 |
1 | Per share numbers have been calculated using the average shares method. |
2 | Represents less than $0.0001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $0.9997 | $1.0005 | $1.0007 | $1.0004 | $1.0002 | $1.0003 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.01561 | 0.00191 | 0.0001 | 0.0112 | 0.0218 | 0.0134 |
Net realized and unrealized gain (loss) | 0.0006 | (0.0002) | (0.0002) | 0.0003 | 0.0002 | 0.00002 |
Total From Investment Operations | 0.0162 | 0.0017 | (0.0001) | 0.0115 | 0.0220 | 0.0134 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0156) | (0.0025) | (0.0001) | (0.0112) | (0.0218) | (0.0135) |
Net Asset Value, End of Period | $1.0003 | $0.9997 | $1.0005 | $1.0007 | $1.0004 | $1.0002 |
Total Return3 | 1.63% | 0.17% | (0.01)% | 1.15% | 2.22% | 1.35% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.43%5 | 0.26% | 0.24% | 0.40% | 0.37% | 0.39% |
Net investment income | 3.10%5 | 0.18% | 0.01% | 1.22% | 2.21% | 1.33% |
Expense waiver/reimbursement6 | 0.10%5 | 0.25% | 0.28% | 0.13% | 0.13% | 0.12% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $11,837 | $12,713 | $32,413 | $83,818 | $93,979 | $47,817 |
1 | Per share numbers have been calculated using the average shares method. |
2 | Represents less than $0.0001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
20221 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $1.0012 | $1.0005 | $1.0008 | $1.0004 | $1.0002 | $1.0002 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.01662 | 0.00012 | 0.0006 | 0.0131 | 0.0234 | 0.0151 |
Net realized and unrealized gain (loss) | (0.0013) | 0.0038 | (0.0005) | 0.0004 | 0.0002 | 0.00003 |
Total From Investment Operations | 0.0153 | 0.0039 | 0.0001 | 0.0135 | 0.0236 | 0.0151 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0166) | (0.0032) | (0.0004) | (0.0131) | (0.0234) | (0.0151) |
Net Asset Value, End of Period | $0.9999 | $1.0012 | $1.0005 | $1.0008 | $1.0004 | $1.0002 |
Total Return4 | 1.65% | 0.39% | 0.01% | 1.35% | 2.39% | 1.52% |
Ratios to Average Net Assets: | ||||||
Net expenses5 | 0.22%6 | 0.16% | 0.20% | 0.20% | 0.20% | 0.23% |
Net investment income | 3.25%6 | 0.01% | 0.05% | 1.19% | 2.31% | 1.52% |
Expense waiver/reimbursement7 | 0.10%6 | 0.17% | 0.13% | 0.13% | 0.13% | 0.12% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $08 | $08 | $4,501 | $23,527 | $14,374 | $25,206 |
1 | Certain ratios included in Ratios to Average Net Assets and per share amounts may be inflated or deflated as compared to the fee structure for each respective share class as a result of daily systematic allocations being rounded to the nearest penny for fund level income, expense and realized gain/loss amounts. Such differences are immaterial. |
2 | Per share numbers have been calculated using the average shares method. |
3 | Represents less than $0.0001. |
4 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
5 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
6 | Computed on an annualized basis. |
7 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
8 | Represents less than $1,000. |
January 31, 2023 (unaudited)
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $5,577,650,000 |
Investment in securities | 9,921,318,142 |
Investment in securities, at value (identified cost $15,499,348,083) | 15,498,968,142 |
Cash | 491,777 |
Income receivable | 29,017,806 |
Total Assets | 15,528,477,725 |
Liabilities: | |
Income distribution payable | 45,750,094 |
Payable for investment adviser fee (Note 5) | 42,247 |
Payable for administrative fee (Note 5) | 33,189 |
Payable for Directors’/Trustees’ fees (Note 5) | 16,053 |
Accrued expenses (Note 5) | 198,121 |
Total Liabilities | 46,039,704 |
Net assets for 15,478,355,007 shares outstanding | $15,482,438,021 |
Net Assets Consist of: | |
Paid-in capital | $15,484,239,807 |
Total distributable earnings (loss) | (1,801,786) |
Total Net Assets | $15,482,438,021 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$15,470,601,344 ÷ 15,466,521,335 shares outstanding, no par value, unlimited shares authorized | $1.0003 |
Service Shares: | |
$11,836,577 ÷ 11,833,572 shares outstanding, no par value, unlimited shares authorized | $1.0003 |
Capital Shares: | |
$100 ÷ 100 shares outstanding, no par value, unlimited shares authorized | $0.9999* |
* | Actual net asset value per share presented differs from calculated net asset value per share due to rounding. |
Six Months Ended January 31, 2023 (unaudited)
Investment Income: | |
Interest | $265,938,005 |
Expenses: | |
Investment adviser fee (Note 5) | 15,074,432 |
Administrative fee (Note 5) | 5,902,297 |
Custodian fees | 219,943 |
Transfer agent fees | 34,347 |
Directors’/Trustees’ fees (Note 5) | 42,783 |
Auditing fees | 13,290 |
Legal fees | 5,143 |
Portfolio accounting fees | 114,608 |
Other service fees (Notes 2 and 5) | 15,220 |
Share registration costs | 44,589 |
Printing and postage | 11,580 |
Miscellaneous (Note 5) | 48,902 |
TOTAL EXPENSES | 21,527,134 |
Waiver of investment adviser fee (Note 5) | (7,575,602) |
Net expenses | 13,951,532 |
Net investment income | 251,986,473 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized gain on investments | 15,265 |
Net change in unrealized depreciation of investments | 7,527,225 |
Net realized and unrealized gain (loss) on investments | 7,542,490 |
Change in net assets resulting from operations | $259,528,963 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended 7/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $251,986,473 | $50,302,148 |
Net realized gain (loss) | 15,265 | 54,512 |
Net change in unrealized appreciation/depreciation | 7,527,225 | (9,036,105) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 259,528,963 | 41,320,555 |
Distributions to Shareholders: | ||
Institutional Shares | (251,889,437) | (50,220,717) |
Service Shares | (190,848) | (41,365) |
Capital Shares | (2) | (48) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (252,080,287) | (50,262,130) |
Share Transactions: | ||
Proceeds from sale of shares | 14,824,866,983 | 24,614,918,258 |
Net asset value of shares issued to shareholders in payment of distributions declared | 46,759,820 | 8,299,365 |
Cost of shares redeemed | (13,641,483,543) | (25,705,000,012) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 1,230,143,260 | (1,081,782,389) |
Change in net assets | 1,237,591,936 | (1,090,723,964) |
Net Assets: | ||
Beginning of period | 14,244,846,085 | 15,335,570,049 |
End of period | $15,482,438,021 | $14,244,846,085 |
Other Service Fees Incurred | |
Service Shares | $15,220 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 14,716,384,823 | $14,715,204,781 | 24,232,087,166 | $24,233,003,776 |
Shares issued to shareholders in payment of distributions declared | 46,657,815 | 46,659,133 | 8,283,360 | 8,282,176 |
Shares redeemed | (13,531,863,278) | (13,530,838,430) | (25,296,641,390) | (25,298,888,431) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | 1,231,179,360 | $1,231,025,484 | (1,056,270,864) | $(1,057,602,479) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 109,666,754 | $109,662,202 | 381,843,923 | $381,914,482 |
Shares issued to shareholders in payment of distributions declared | 100,690 | 100,687 | 17,154 | 17,151 |
Shares redeemed | (110,650,802) | (110,645,113) | (401,541,566) | (401,611,014) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (883,358) | $(882,224) | (19,680,489) | $(19,679,381) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | — | $— | — | $— |
Shares issued to shareholders in payment of distributions declared | — | — | 38 | 38 |
Shares redeemed | — | — | (4,498,390) | (4,500,567) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | — | $— | (4,498,352) | $(4,500,529) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 1,230,296,002 | $1,230,143,260 | (1,080,449,705) | $(1,081,782,389) |
Short-Term | Long-Term | Total |
$1,400,723 | $— | $1,400,723 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2022 | Ending Account Value 1/31/2023 | Expenses Paid During Period1 | |
Actual: | |||
Institutional Shares | $1,000 | $1,017.50 | $0.92 |
Service Shares | $1,000 | $1,016.30 | $2.19 |
Capital Shares | $1,000 | $1,016.50 | $1.12 |
Hypothetical (assuming a 5% return before expenses): | |||
Institutional Shares | $1,000 | $1,024.30 | $0.92 |
Service Shares | $1,000 | $1,023.04 | $2.19 |
Capital Shares | $1,000 | $1,024.10 | $1.12 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Institutional Shares | 0.18% |
Service Shares | 0.43% |
Capital Shares | 0.22% |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N708
CUSIP 608919767
Share Class | Ticker | Institutional | POIXX |
Federated Hermes Institutional Prime Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
The Share Price will fluctuate. It is possible to lose money by investing in the Fund.
Security Type | Percentage of Total Net Assets |
Other Repurchase Agreements and Repurchase Agreements | 36.1% |
Variable Rate Instruments | 34.1% |
Bank Instruments | 15.5% |
Commercial Paper | 9.4% |
U.S. Treasury Securities | 5.0% |
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 security types. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days2 | 82.8% |
8-30 Days | 6.1% |
31-90 Days | 2.9% |
91-180 Days | 6.7% |
181 Days or more | 1.6% |
Other Assets and Liabilities—Net3 | (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 | Overnight securities comprised 34.0% of the Fund’s portfolio. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— 34.1% | ||
Aerospace/Auto— 0.1% | |||
$ 20,000,000 | Toyota Motor Credit Corp., (Toyota Motor Corp. Support Agreement), 4.670% (SOFR +0.370%), 2/1/2023 | $ 20,000,000 | |
Finance - Banking— 29.9% | |||
47,500,000 | Australia & New Zealand Banking Group, Melbourne, 4.650% (SOFR +0.350%), 2/1/2023 | 47,500,000 | |
23,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.650% (SOFR +0.350%), 2/1/2023 | 22,999,995 | |
27,500,000 | Australia & New Zealand Banking Group, Melbourne, 4.680% (SOFR +0.380%), 2/1/2023 | 27,509,708 | |
30,000,000 | Bank of Montreal, 4.860% (SOFR +0.560%), 2/1/2023 | 30,035,207 | |
60,000,000 | Bank of Montreal, 4.950% (SOFR +0.650%), 2/1/2023 | 59,688,403 | |
110,000,000 | Bank of Montreal, 5.000% (SOFR +0.700%), 2/1/2023 | 110,000,000 | |
60,000,000 | Bank of Montreal, 5.000% (SOFR +0.700%), 2/1/2023 | 60,158,696 | |
50,000,000 | Bank of Nova Scotia, Toronto, 4.740% (SOFR +0.440%), 2/1/2023 | 50,021,235 | |
25,000,000 | Bank of Nova Scotia, Toronto, 4.800% (SOFR +0.500%), 2/1/2023 | 25,021,438 | |
100,000,000 | Bank of Nova Scotia, Toronto, 4.800% (SOFR +0.500%), 2/1/2023 | 100,162,188 | |
20,000,000 | Bank of Nova Scotia, Toronto, 4.830% (SOFR +0.530%), 2/1/2023 | 20,000,000 | |
35,000,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 35,042,896 | |
43,500,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 43,554,955 | |
20,000,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 20,025,946 | |
23,500,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 23,529,425 | |
22,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 22,031,384 | |
10,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 10,014,511 | |
50,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 50,086,470 | |
100,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 100,000,000 | |
125,000,000 | Bank of Nova Scotia, Toronto, 4.970% (SOFR +0.670%), 2/1/2023 | 125,222,681 | |
24,000,000 | Bedford Row Funding Corp., (Royal Bank of Canada GTD), 4.630% (SOFR +0.330%), 2/1/2023 | 24,006,734 | |
50,000,000 | Bedford Row Funding Corp., (Royal Bank of Canada GTD), 4.820% (SOFR +0.520%), 2/1/2023 | 50,000,000 | |
54,000,000 | Canadian Imperial Bank of Commerce, 4.800% (SOFR +0.500%), 2/1/2023 | 54,053,273 | |
120,000,000 | Canadian Imperial Bank of Commerce, 4.800% (SOFR +0.500%), 2/1/2023 | 120,114,742 | |
120,000,000 | Canadian Imperial Bank of Commerce, 4.850% (SOFR +0.550%), 2/1/2023 | 120,168,700 | |
50,000,000 | Canadian Imperial Holdings, Inc., 4.820% (SOFR +0.520%), 2/1/2023 | 50,057,288 | |
95,000,000 | Citibank N.A., New York, 4.720% (SOFR +0.420%), 2/1/2023 | 95,038,795 |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 186,000,000 | Citibank N.A., New York, 4.720% (SOFR +0.420%), 2/1/2023 | $ 186,075,711 | |
100,000,000 | Citibank N.A., New York, 4.770% (SOFR +0.470%), 2/1/2023 | 100,086,828 | |
9,900,000 | City Furniture, Inc., (Wells Fargo Bank, N.A. LOC), 4.530%, 2/2/2023 | 9,900,000 | |
15,000,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 4.730% (SOFR +0.430%), 2/1/2023 | 15,009,267 | |
47,500,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 4.750% (SOFR +0.450%), 2/1/2023 | 47,500,000 | |
20,500,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.670% (SOFR +0.370%), 2/1/2023 | 20,500,000 | |
50,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.800% (SOFR +0.500%), 2/1/2023 | 50,000,000 | |
50,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.810% (SOFR +0.510%), 2/1/2023 | 50,000,000 | |
45,000,000 | Commonwealth Bank of Australia, 4.730% (SOFR +0.430%), 2/1/2023 | 45,000,000 | |
50,000,000 | Commonwealth Bank of Australia, 4.800% (SOFR +0.500%), 2/1/2023 | 50,000,000 | |
25,000,000 | Commonwealth Bank of Australia, 4.840% (SOFR +0.540%), 2/1/2023 | 25,000,000 | |
16,700,000 | Greene County Development Authority, Reynolds Lodge, LLC Series 2000B, (U.S. Bank, N.A. LOC), 4.450%, 2/1/2023 | 16,700,000 | |
3,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project 2013A, (Bank of America N.A. LOC), 4.400%, 2/2/2023 | 3,000,000 | |
7,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project, (Bank of America N.A. LOC), 4.400%, 2/2/2023 | 7,000,000 | |
7,595,000 | Gulf Gate Apartments LLC, Series 2003, (Wells Fargo Bank, N.A. LOC), 4.510%, 2/2/2023 | 7,595,000 | |
11,755,000 | Hamilton Station Park and Ride, Series 2005, (Wells Fargo Bank, N.A. LOC), 4.510%, 2/2/2023 | 11,755,000 | |
9,000,000 | Michael Dennis Sullivan Irrevocable Trust, (Wells Fargo Bank, N.A. LOC), 4.400%, 2/2/2023 | 9,000,000 | |
100,000,000 | Mizuho Bank Ltd., 4.860% (SOFR +0.560%), 2/1/2023 | 100,000,000 | |
32,500,000 | MUFG Bank Ltd., 4.700% (SOFR +0.400%), 2/1/2023 | 32,511,243 | |
55,950,000 | MUFG Bank Ltd., 4.790% (SOFR +0.490%), 2/1/2023 | 55,950,552 | |
71,500,000 | MUFG Bank Ltd., 4.850% (SOFR +0.550%), 2/1/2023 | 71,500,000 | |
50,000,000 | National Australia Bank Ltd., Melbourne, 4.700% (SOFR +0.400%), 2/1/2023 | 50,000,000 | |
37,500,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 37,500,000 | |
45,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 45,040,732 | |
84,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 84,069,077 | |
22,500,000 | National Australia Bank Ltd., Melbourne, 4.840% (SOFR +0.540%), 2/1/2023 | 22,523,148 |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 96,500,000 | National Australia Bank Ltd., Melbourne, 4.860% (SOFR +0.560%), 2/1/2023 | $ 96,650,344 | |
50,000,000 | Nordea Bank Abp, 4.540% (SOFR +0.240%), 2/1/2023 | 50,011,608 | |
12,500,000 | Nordea Bank Abp, 4.550% (SOFR +0.250%), 2/1/2023 | 12,500,799 | |
36,000,000 | Nordea Bank Abp, 4.740% (SOFR +0.440%), 2/1/2023 | 36,031,199 | |
40,000,000 | Nordea Bank Abp, 4.800% (SOFR +0.500%), 2/1/2023 | 40,000,000 | |
34,000,000 | Nuveen Floating Rate Income Fund, (Series A), (Sumitomo Mitsui Banking Corp. LOC), 4.620%, 2/2/2023 | 34,000,000 | |
3,115,000 | Public Building Corp., Springfield, MO, Jordan Valley Ice Park, Series 2003, (U.S. Bank, N.A. LOC), 4.450%, 2/2/2023 | 3,115,000 | |
50,000,000 | 2 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 4.700% (SOFR +0.400%), 2/1/2023 | 50,000,000 |
35,000,000 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 4.750% (SOFR +0.450%), 2/1/2023 | 35,000,000 | |
150,000,000 | Royal Bank of Canada, 4.850% (SOFR +0.550%), 2/1/2023 | 150,134,487 | |
62,500,000 | Royal Bank of Canada, 5.050% (SOFR +0.750%), 2/1/2023 | 62,633,697 | |
35,000,000 | Royal Bank of Canada, New York Branch, 4.870% (SOFR +0.570%), 2/1/2023 | 35,059,341 | |
95,000,000 | Royal Bank of Canada, New York Branch, 4.880% (SOFR +0.580%), 2/1/2023 | 95,152,727 | |
18,965,000 | Salem Green, LLP, Salem Green Apartments Project, Series 2010, (Wells Fargo Bank, N.A. LOC), 4.510%, 2/2/2023 | 18,965,000 | |
300,000,000 | Sumitomo Mitsui Trust Bank Ltd., 4.740% (SOFR +0.440%), 2/1/2023 | 300,000,000 | |
130,500,000 | Svenska Handelsbanken, Stockholm, 4.650% (SOFR +0.350%), 2/1/2023 | 130,500,000 | |
125,000,000 | Svenska Handelsbanken, Stockholm, 4.860% (SOFR +0.560%), 2/1/2023 | 125,000,000 | |
80,295,470 | Taxable Tender Option Bond Trust 2021-MIZ9060TX, (Series 2021-MIZ9060TX) VRDNs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.590%, 2/1/2023 | 80,295,470 | |
10,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9075TX, (Series MIZ-9075TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.590%, 2/1/2023 | 10,000,000 | |
3,534,874 | Taxable Tender Option Bond Trust 2021-MIZ9077TX, (Series 2021-MIZ9077TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.590%, 2/1/2023 | 3,534,874 | |
2,207,606 | Taxable Tender Option Bond Trust 2021-MIZ9078TX, (Series 2021-MIZ9078TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.590%, 2/1/2023 | 2,207,606 | |
17,500,000 | Toronto Dominion Bank, 4.880% (SOFR +0.580%), 2/1/2023 | 17,536,905 | |
27,500,000 | Toronto Dominion Bank, 4.880% (SOFR +0.580%), 2/1/2023 | 27,541,573 | |
60,000,000 | Triborough Bridge & Tunnel Authority, NY, (Series E Taxable) Weekly VRDNs, (UBS AG LOC), 4.350%, 2/2/2023 | 60,000,000 |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 7,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.700% (SOFR +0.400%), 2/1/2023 | $ 7,003,972 | |
99,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.750% (SOFR +0.450%), 2/1/2023 | 99,000,000 | |
150,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.750% (SOFR +0.450%), 2/1/2023 | 150,000,000 | |
40,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.800% (SOFR +0.500%), 2/1/2023 | 40,000,000 | |
136,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.800% (SOFR +0.500%), 2/1/2023 | 136,000,000 | |
45,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.840% (SOFR +0.540%), 2/1/2023 | 45,056,750 | |
22,500,000 | Westpac Banking Corp. Ltd., Sydney, 4.840% (SOFR +0.540%), 2/1/2023 | 22,530,451 | |
5,870,000 | Yeshivas Novominsk, Series 2008, (TD Bank, N.A. LOC), 4.570%, 2/2/2023 | 5,870,000 | |
TOTAL | 4,630,593,031 | ||
Finance - Retail— 2.4% | |||
10,000,000 | Chariot Funding LLC, 4.660% (SOFR +0.360%), 2/1/2023 | 10,000,000 | |
45,000,000 | Chariot Funding LLC, 4.850% (SOFR +0.550%), 2/1/2023 | 45,000,000 | |
45,000,000 | Fairway Finance Co. LLC, 4.700% (SOFR +0.400%), 2/1/2023 | 45,000,000 | |
61,750,000 | Old Line Funding, LLC, 4.700% (SOFR +0.400%), 2/1/2023 | 61,750,000 | |
47,500,000 | Old Line Funding, LLC, 4.760% (SOFR +0.460%), 2/1/2023 | 47,500,000 | |
42,500,000 | Old Line Funding, LLC, 4.800% (SOFR +0.500%), 2/1/2023 | 42,500,000 | |
40,000,000 | Old Line Funding, LLC, 4.820% (SOFR +0.520%), 2/1/2023 | 40,000,000 | |
45,000,000 | Old Line Funding, LLC, 4.870% (SOFR +0.570%), 2/1/2023 | 45,032,735 | |
25,000,000 | Thunder Bay Funding, LLC, 4.730% (SOFR +0.430%), 2/1/2023 | 25,000,000 | |
TOTAL | 361,782,735 | ||
Government Agency— 1.7% | |||
12,785,000 | 1320 W Jefferson LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/1/2023 | 12,785,000 | |
51,450,000 | Archer 1 LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 51,450,000 | |
9,015,000 | Austen Children’s Gift Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 9,015,000 | |
6,830,000 | Baker Life Insurance Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 6,830,000 | |
34,850,000 | BWF Forge TL Properties Owner LLC, (Federal Home Loan Bank of Des Moines LOC)/(Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 34,850,000 | |
5,705,000 | Catania Family Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 5,705,000 | |
4,270,000 | Jim Brooks Irrevocable Trust, (Federal Home Loan Bank of Dallas LOC), 4.390%, 2/2/2023 | 4,270,000 |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 11,570,000 | Joseph L. Goggins Irrevocable Insurance Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | $ 11,570,000 | |
3,655,000 | Karyn Brooks Descendants Trust, (Federal Home Loan Bank of Dallas LOC), 4.390%, 2/2/2023 | 3,655,000 | |
6,380,000 | MHF DKF Insurance Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/1/2023 | 6,380,000 | |
17,030,000 | Mohr Green Associates L.P., 2012-A, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 17,030,000 | |
22,610,000 | NWD 2017 Family Trust No. 1, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 22,610,000 | |
9,080,000 | Park Stanton Place LP, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 9,080,000 | |
2,205,000 | Plaza Fitzsimons Owner, LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/1/2023 | 2,205,000 | |
5,010,000 | R.J. Brooks Jr. Irrevocable Trust, (Federal Home Loan Bank of Dallas LOC), 4.390%, 2/2/2023 | 5,010,000 | |
6,980,000 | RK Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 6,980,000 | |
3,500,000 | Rohnert Park 668, L.P., (Federal Home Loan Bank of San Francisco LOC), 4.813%, 2/2/2023 | 3,500,000 | |
6,255,000 | Sibley Family Irrevocable Insurance Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 6,255,000 | |
6,610,000 | The CLC Irrevocable Insurance Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 6,610,000 | |
5,120,000 | The Eugene Kim Irrevocable Life Insurance Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 5,120,000 | |
22,830,000 | The Gregory P. Berry Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/1/2023 | 22,830,000 | |
5,740,000 | The Leopold Family Insurance Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 5,740,000 | |
5,975,000 | The Thompson 2018 Family Trust, (Federal Home Loan Bank of Dallas LOC), 4.390%, 2/2/2023 | 5,975,000 | |
TOTAL | 265,455,000 | ||
TOTAL NOTES - VARIABLE (IDENTIFIED COST $5,275,593,417) | 5,277,830,766 | ||
3 | COMMERCIAL PAPER— 9.4% | ||
Finance - Banking— 5.9% | |||
10,000,000 | Albion Capital LLC, (MUFG Bank Ltd. LIQ), 4.535%, 2/16/2023 | 9,981,167 | |
195,000,000 | Anglesea Funding LLC, 4.383% - 5.034%, 2/1/2023 - 7/19/2023 | 193,954,172 | |
60,000,000 | Bank of Montreal, 2.800%, 5/9/2023 | 60,000,000 | |
40,000,000 | Canadian Imperial Bank of Commerce, 2.069%, 3/20/2023 | 39,760,107 | |
50,000,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 5.055%, 7/24/2023 | 48,807,616 | |
21,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 5.055%, 7/24/2023 | 20,499,199 |
Principal Amount | Value | ||
3 | COMMERCIAL PAPER— continued | ||
Finance - Banking— continued | |||
$ 200,000,000 | DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 5.034%, 7/25/2023 | $ 195,239,028 | |
70,000,000 | Gotham Funding Corp., (MUFG Bank Ltd. LIQ), 4.823%, 5/5/2023 | 69,137,106 | |
22,000,000 | National Australia Bank Ltd., Melbourne, 3.843%, 6/15/2023 | 21,599,050 | |
89,500,000 | Royal Bank of Canada, 2.229% - 4.050%, 3/29/2023 - 8/23/2023 | 87,528,070 | |
122,000,000 | Toronto Dominion Bank, 2.903%, 5/31/2023 | 120,098,426 | |
55,000,000 | Victory Receivables Corp., (MUFG Bank Ltd. LIQ), 4.809%, 4/17/2023 | 54,451,491 | |
TOTAL | 921,055,432 | ||
Finance - Retail— 0.4% | |||
7,500,000 | Fairway Finance Co. LLC, 5.043%, 7/24/2023 | 7,318,967 | |
50,000,000 | Thunder Bay Funding, LLC, 5.091%, 8/2/2023 | 48,746,222 | |
TOTAL | 56,065,189 | ||
Insurance— 1.9% | |||
300,000,000 | UnitedHealth Group, Inc., 4.323%, 2/1/2023 | 300,000,000 | |
Oil & Oil Finance— 0.3% | |||
42,400,000 | TotalEnergies Capital Canada Ltd., 4.351%, 2/3/2023 | 42,389,777 | |
Sovereign— 0.9% | |||
115,000,000 | BNG Bank N.V., 4.341% - 4.553%, 2/1/2023 - 2/27/2023 | 114,754,354 | |
30,000,000 | Export Development Canada, (Canada, Government of SUB), 5.203%, 11/9/2023 | 28,829,167 | |
TOTAL | 143,583,521 | ||
TOTAL COMMERCIAL PAPER (IDENTIFIED COST $1,464,607,005) | 1,463,093,919 | ||
CERTIFICATES OF DEPOSIT— 9.1% | |||
Finance - Banking— 9.1% | |||
66,500,000 | Bank of Montreal, 2.850% - 5.470%, 5/24/2023 - 1/8/2024 | 66,435,127 | |
325,000,000 | Credit Agricole Corporate and Investment Bank, 4.310% - 4.490%, 2/1/2023 - 2/7/2023 | 325,000,000 | |
335,500,000 | Mizuho Bank Ltd., 4.360% - 4.810%, 2/1/2023 - 5/4/2023 | 335,504,067 | |
406,500,000 | Sumitomo Mitsui Trust Bank Ltd., 4.770% - 4.830%, 4/13/2023 - 5/16/2023 | 406,541,672 | |
205,000,000 | Toronto Dominion Bank, 2.800% - 4.070%, 5/5/2023 - 7/18/2023 | 203,882,621 | |
70,000,000 | Toronto Dominion Bank, 5.250%, 1/25/2024 | 70,006,090 | |
TOTAL CERTIFICATES OF DEPOSIT (IDENTIFIED COST $1,408,499,723) | 1,407,369,577 | ||
TIME DEPOSITS— 6.4% | |||
Finance - Banking— 6.4% | |||
770,000,000 | ABN Amro Bank NV, 4.330% - 4.510%, 2/1/2023 - 2/7/2023 | 770,000,000 | |
125,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.360%, 2/3/2023 | 125,000,000 |
Principal Amount | Value | ||
TIME DEPOSITS— continued | |||
Finance - Banking— continued | |||
$ 100,000,000 | Mizuho Bank Ltd., 4.320%, 2/1/2023 | $ 100,000,000 | |
TOTAL TIME DEPOSITS (IDENTIFIED COST $995,000,000) | 995,000,000 | ||
U.S. TREASURY— 5.0% | |||
U.S. Treasury Bills— 4.7% | |||
730,000,000 | United States Treasury Bill, 4.490%, 2/23/2023 | 727,996,960 | |
U.S. Treasury Notes— 0.3% | |||
50,000,000 | 1 | United States Treasury Floating Rate Notes, 4.682% (91-day T-Bill +0.034%), 2/7/2023 | 50,026,920 |
TOTAL U.S. TREASURY (IDENTIFIED COST $777,997,938) | 778,023,880 | ||
OTHER REPURCHASE AGREEMENTS— 16.8% | |||
Finance - Banking— 16.8% | |||
288,625,000 | BNP Paribas S.A., 4.40%, dated 1/31/2023, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,042,778 on 02/01/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term note and sovereign debt with a market value of $358,110,649 have been received as collateral and held with BNY Mellon as tri-party agent. | 288,625,000 | |
60,000,000 | BofA Securities, Inc., 4.39%, dated 1/31/2023, interest in a $75,000,000 collateralized loan agreement will repurchase securities provided as collateral for $75,009,146 on 02/03/2023, in which corporate bonds with a market value of $76,509,399 have been received as collateral and held with BNY Mellon as tri-party agent. | 60,000,000 | |
100,000,000 | BofA Securities, Inc., 5.19%, dated 9/4/2020, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $101,297,500 on 5/4/2023, in which American depositary receipts, convertible bonds, exchange-traded funds and sovereign debt with a market value of $102,405,932 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
150,000,000 | BofA Securities, Inc., 4.66%, dated 12/13/2022, interest in a $165,000,000 collateralized loan agreement will repurchase securities provided as collateral for $165,149,508 on 2/10/2023, in which corporate bonds and medium-term note with a market value of $168,321,047 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
200,000,000 | BofA Securities, Inc., 5.11%, dated 12/6/2022, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $226,117,813 on 2/10/2023, in which asset-backed securities and collateralized mortgage obligations with a market value of $229,530,919 have been received as collateral and held with BNY Mellon as tri-party agent. | 200,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 250,000,000 | BofA Securities, Inc., 5.19%, dated 9/9/2020, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $253,243,750 on 5/4/2023, in which American depositary receipt, asset-backed securities, corporate bond, convertible bonds and medium-term with a market value of $256,014,831 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 250,000,000 | |
125,000,000 | Credit Agricole S.A., 4.72%, dated 6/24/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,275,333 on 2/10/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations and sovereign debt with a market value of $306,126,468 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
280,000,000 | Credit Agricole S.A., 4.62%, dated 6/24/2022, interest in a $800,000,000 collateralized loan agreement will repurchase securities provided as collateral for $800,718,667 on 2/10/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term note and sovereign debt with a market value of $816,155,252 have been received as collateral and held with BNY Mellon as tri-party agent. | 280,000,000 | |
45,000,000 | HSBC Securities (USA), Inc., 4.42%, dated 1/31/2023, interest in a $245,000,000 collateralized loan agreement will repurchase securities provided as collateral for $245,030,081 on 2/01/2023, in which corporate bonds, medium-term notes and Sovereign debt with a market value of $249,900,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 45,000,000 | |
44,625,000 | ING Financial Markets LLC, 4.39%, dated 1/31/2023, interest in a $50,000,000 collateralized loan agreement will repurchase securities provided as collateral for $50,006,097 on 2/1/2023, in which corporate bonds, medium-term note and sovereign debt with a market value of $51,006,594 have been received as collateral and held with BNY Mellon as tri-party agent. | 44,625,000 | |
65,000,000 | J.P. Morgan Securities LLC, 4.82%, dated 1/23/2023, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $251,004,167 on 02/22/2023, in which asset-backed securities, collateralized mortgage obligation, corporate bonds, medium-term notes and Sovereign debt with a market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 65,000,000 | |
50,000,000 | Mizuho Securities USA, Inc., 4.42%, dated 1/31/2023, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,012,278 on 2/01/2023, in which asset-backed securities and corporate bonds with a market value of $102,012,524 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 85,000,000 | Mizuho Securities USA, Inc., 4.47%, dated 1/31/2023, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,018,625 on 2/01/2023, in which common stocks with a market value of $153,019,001 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 85,000,000 | |
78,625,000 | Mitsubishi UFG Securities Americas, Inc., 4.47%, dated 1/31/2023, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,037,250 on 2/1/2023, in which American depositary receipts, common stocks, corporate bonds, exchange-traded funds, unit investment trust and municipal bonds with a market value of $306,038,896 have been received as collateral and held with BNY Mellon as tri-party agent. | 78,625,000 | |
135,000,000 | Pershing LLC, 4.82%, dated 7/14/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,281,167 on 2/10/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, commercial paper, common stocks, convertible bond, certificate deposit, exchange-traded funds, medium-term notes, municipal bonds, mutual funds and sovereign debt of with a market value of $306,038,845 have been received as collateral and held with BNY Mellon as tri-party agent. | 135,000,000 | |
125,000,000 | Societe Generale, Paris, 4.38%, dated 1/31/2023, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,042,583 on 2/1/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term note and sovereign debt with a market value of $357,246,293 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
300,625,000 | Societe Generale, Paris, 4.47%, dated 1/31/2023, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,080,708 on 2/1/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations and medium-term with a market value of $663,082,322 have been received as collateral and held with BNY Mellon as tri-party agent. | 300,625,000 | |
86,150,000 | Standard Chartered Bank, 4.38%, dated 1/31/2023, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,018,250 on 2/1/2023, in which treasury bonds and treasury notes with a market value of $153,018,623 have been received as collateral and held with BNY Mellon as tri-party agent. | 86,150,000 | |
125,000,000 | Wells Fargo Securities LLC, 5.17%, dated 2/3/2022, interest in a $125,000,000 collateralized loan agreement will repurchase securities provided as collateral for $126,633,576 on 04/10/2023, in which certificate of deposit with a market value of $127,921,140 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS (IDENTIFIED COST $2,593,650,000) | 2,593,650,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— 19.3% | |||
Finance - Banking— 19.3% | |||
$2,000,000,000 | Interest in $2,000,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Federal Reserve Bank of New York will repurchase securities provided as collateral for $2,000,238,889 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2040 and the market value of those underlying securities was $2,000,238,961. | $ 2,000,000,000 | |
484,000,000 | Interest in $2,000,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $2,000,238,889 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 10/20/2052 and the market value of those underlying securities was $2,040,243,667. | 484,000,000 | |
500,000,000 | Interest in $1,650,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $1,650,197,083 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/1/2053 and the market value of those underlying securities was $1,683,201,025. | 500,000,000 | |
TOTAL REPURCHASE AGREEMENTS (IDENTIFIED COST $2,984,000,000) | 2,984,000,000 | ||
TOTAL INVESTMENT IN SECURITIES—100.1% (IDENTIFIED COST $15,499,348,083)4 | 15,498,968,142 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.1)%5 | (16,530,121) | ||
TOTAL NET ASSETS—100% | $15,482,438,021 |
1 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or availing of an exemption from registration, under the Securities Act of 1933; or (b) is subject to a contractual restriction on public sales. At January 31, 2023, these restricted securities amounted to $50,000,000, which represented 0.3% of total net assets. |
3 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
4 | Also represents cost of investments for federal tax purposes. |
5 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
GTD | —Guaranteed | |
LIQ | —Liquidity Agreement | |
LLP | —Limited Liability Partnership | |
LOC | —Letter of Credit | |
MHF | —Maryland Housing Fund | |
SOFR | —Secured Overnight Financing Rate | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $0.9998 | $1.0005 | $1.0007 | $1.0004 | $1.0003 | $1.0003 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.01681 | 0.00371 | 0.0008 | 0.0136 | 0.0239 | 0.0156 |
Net realized and unrealized gain (loss) | 0.0005 | (0.0008) | (0.0002) | 0.0003 | 0.0001 | 0.00002 |
Total From Investment Operations | 0.0173 | 0.0029 | 0.0006 | 0.0139 | 0.0240 | 0.0156 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0168) | (0.0036) | (0.0008) | (0.0136) | (0.0239) | (0.0156) |
Net Asset Value, End of Period | $1.0003 | $0.9998 | $1.0005 | $1.0007 | $1.0004 | $1.0003 |
Total Return3 | 1.75% | 0.29% | 0.05% | 1.39% | 2.43% | 1.57% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.18%5 | 0.16% | 0.15% | 0.15% | 0.15% | 0.17% |
Net investment income | 3.34%5 | 0.38% | 0.08% | 1.37% | 2.41% | 1.62% |
Expense waiver/ reimbursement6 | 0.10%5 | 0.12% | 0.13% | 0.13% | 0.13% | 0.12% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $15,470,601 | $14,232,133 | $15,298,656 | $23,611,390 | $21,146,776 | $10,941,508 |
1 | Per share numbers have been calculated using the average shares method. |
2 | Represents less than $0.0001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
January 31, 2023 (unaudited)
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $5,577,650,000 |
Investment in securities | 9,921,318,142 |
Investment in securities, at value (identified cost $15,499,348,083) | 15,498,968,142 |
Cash | 491,777 |
Income receivable | 29,017,806 |
Total Assets | 15,528,477,725 |
Liabilities: | |
Income distribution payable | 45,750,094 |
Payable for investment adviser fee (Note 5) | 42,247 |
Payable for administrative fee (Note 5) | 33,189 |
Payable for Directors’/Trustees’ fees (Note 5) | 16,053 |
Accrued expenses (Note 5) | 198,121 |
Total Liabilities | 46,039,704 |
Net assets for 15,478,355,007 shares outstanding | $15,482,438,021 |
Net Assets Consist of: | |
Paid-in capital | $15,484,239,807 |
Total distributable earnings (loss) | (1,801,786) |
Total Net Assets | $15,482,438,021 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$15,470,601,344 ÷ 15,466,521,335 shares outstanding, no par value, unlimited shares authorized | $1.0003 |
Service Shares: | |
$11,836,577 ÷ 11,833,572 shares outstanding, no par value, unlimited shares authorized | $1.0003 |
Capital Shares: | |
$100 ÷ 100 shares outstanding, no par value, unlimited shares authorized | $0.9999* |
* | Actual net asset value per share presented differs from calculated net asset value per share due to rounding. |
Six Months Ended January 31, 2023 (unaudited)
Investment Income: | |
Interest | $265,938,005 |
Expenses: | |
Investment adviser fee (Note 5) | 15,074,432 |
Administrative fee (Note 5) | 5,902,297 |
Custodian fees | 219,943 |
Transfer agent fees | 34,347 |
Directors’/Trustees’ fees (Note 5) | 42,783 |
Auditing fees | 13,290 |
Legal fees | 5,143 |
Portfolio accounting fees | 114,608 |
Other service fees (Notes 2 and 5) | 15,220 |
Share registration costs | 44,589 |
Printing and postage | 11,580 |
Miscellaneous (Note 5) | 48,902 |
TOTAL EXPENSES | 21,527,134 |
Waiver of investment adviser fee (Note 5) | (7,575,602) |
Net expenses | 13,951,532 |
Net investment income | 251,986,473 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized gain on investments | 15,265 |
Net change in unrealized depreciation of investments | 7,527,225 |
Net realized and unrealized gain (loss) on investments | 7,542,490 |
Change in net assets resulting from operations | $259,528,963 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended 7/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $251,986,473 | $50,302,148 |
Net realized gain (loss) | 15,265 | 54,512 |
Net change in unrealized appreciation/depreciation | 7,527,225 | (9,036,105) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 259,528,963 | 41,320,555 |
Distributions to Shareholders: | ||
Institutional Shares | (251,889,437) | (50,220,717) |
Service Shares | (190,848) | (41,365) |
Capital Shares | (2) | (48) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (252,080,287) | (50,262,130) |
Share Transactions: | ||
Proceeds from sale of shares | 14,824,866,983 | 24,614,918,258 |
Net asset value of shares issued to shareholders in payment of distributions declared | 46,759,820 | 8,299,365 |
Cost of shares redeemed | (13,641,483,543) | (25,705,000,012) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 1,230,143,260 | (1,081,782,389) |
Change in net assets | 1,237,591,936 | (1,090,723,964) |
Net Assets: | ||
Beginning of period | 14,244,846,085 | 15,335,570,049 |
End of period | $15,482,438,021 | $14,244,846,085 |
Other Service Fees Incurred | |
Service Shares | $15,220 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 14,716,384,823 | $14,715,204,781 | 24,232,087,166 | $24,233,003,776 |
Shares issued to shareholders in payment of distributions declared | 46,657,815 | 46,659,133 | 8,283,360 | 8,282,176 |
Shares redeemed | (13,531,863,278) | (13,530,838,430) | (25,296,641,390) | (25,298,888,431) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | 1,231,179,360 | $1,231,025,484 | (1,056,270,864) | $(1,057,602,479) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 109,666,754 | $109,662,202 | 381,843,923 | $381,914,482 |
Shares issued to shareholders in payment of distributions declared | 100,690 | 100,687 | 17,154 | 17,151 |
Shares redeemed | (110,650,802) | (110,645,113) | (401,541,566) | (401,611,014) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (883,358) | $(882,224) | (19,680,489) | $(19,679,381) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | — | $— | — | $— |
Shares issued to shareholders in payment of distributions declared | — | — | 38 | 38 |
Shares redeemed | — | — | (4,498,390) | (4,500,567) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | — | $— | (4,498,352) | $(4,500,529) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 1,230,296,002 | $1,230,143,260 | (1,080,449,705) | $(1,081,782,389) |
Short-Term | Long-Term | Total |
$1,400,723 | $— | $1,400,723 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2022 | Ending Account Value 1/31/2023 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,017.50 | $0.92 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,024.30 | $0.92 |
1 | Expenses are equal to the Fund’s annualized net expense ratio of 0.18%, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). |
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 | PVOXX | Service | PVSXX | Capital | PVCXX |
Federated Hermes Institutional Prime Value Obligations Fund
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 Assets2 |
Other Repurchase Agreements and Repurchase Agreements | 36.1% |
Variable Rate Instruments | 33.8% |
Bank Instruments | 15.4% |
Commercial Paper | 9.4% |
U.S. Treasury Securities | 4.9% |
Other Assets and Liabilities—Net3 | 0.4% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. |
2 | As of the date specified above, the Fund owned shares of one or more affiliated investment companies. For purposes of this table, the affiliated investment company (other than an affiliated money market mutual fund) is not treated as a single portfolio security, but rather the Fund is treated as owning a pro rata portion of each security and each other asset and liability owned by the affiliated investment company. Accordingly, the percentages of total net assets shown in the table will differ from those presented on the Portfolio of Investments. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Shares or Principal Amount | Value | ||
INVESTMENT COMPANY— 99.1% | |||
11,432,196,886 | Federated Hermes Institutional Prime Obligations Fund, Institutional Shares, 4.41%1 (IDENTIFIED COST $11,438,782,213) | $11,435,626,545 | |
OTHER REPURCHASE AGREEMENTS— 0.4% | |||
Finance - Banking— 0.4% | |||
$ 50,000,000 | Interest in $245,000,000 joint repurchase agreement 4.42%, dated 1/31/2023 under which HSBC Securities (USA), Inc. will repurchase securities provided as collateral for $245,030,081 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 3/15/2053 and the market value of those underlying securities was $249,900,000. (IDENTIFIED COST $50,000,000) | 50,000,000 | |
TOTAL INVESTMENT IN SECURITIES—99.5% (IDENTIFIED COST $11,488,782,213)2 | 11,485,626,545 | ||
OTHER ASSETS AND LIABILITIES - NET—0.5%3 | 53,891,513 | ||
TOTAL NET ASSETS—100% | $11,539,518,058 |
Federated Hermes Institutional Prime Obligations Fund, Institutional Shares | |
Value as of 7/31/2022 | $10,294,155,651 |
Purchases at Cost | $6,664,373,200 |
Proceeds from Sales | $(5,528,515,900) |
Change in Unrealized Appreciation/Depreciation | $4,982,829 |
Net Realized Gain/(Loss) | $630,765 |
Value as of 1/31/2023 | $11,435,626,545 |
Shares Held as of 1/31/2023 | 11,432,196,886 |
Dividend Income | $179,922,664 |
1 | 7-day net yield. |
2 | Also represents cost of investments for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following is a summary of the inputs used, as of January 31, 2023, in valuing the Fund’s assets carried at fair value:
Valuation Inputs | ||||
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Total | |
Investment Company | $11,435,626,545 | $— | $— | $11,435,626,545 |
Repurchase Agreement | — | 50,000,000 | — | 50,000,000 |
TOTAL SECURITIES | $11,435,626,545 | $50,000,000 | $— | $11,485,626,545 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $0.9995 | $1.0004 | $1.0006 | $1.0003 | $1.0002 | $1.0002 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0168 | 0.0036 | 0.0008 | 0.0136 | 0.0239 | 0.0156 |
Net realized and unrealized gain (loss) | 0.0005 | (0.0008) | (0.0002) | 0.0003 | 0.0001 | (0.0000)1 |
Total From Investment Operations | 0.0173 | 0.0028 | 0.0006 | 0.0139 | 0.0240 | 0.0156 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0168) | (0.0036) | (0.0008) | (0.0136) | (0.0239) | (0.0156) |
Distributions from net realized gain | — | (0.0001) | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 |
Total Distributions | (0.0168) | (0.0037) | (0.0008) | (0.0136) | (0.0239) | (0.0156) |
Net Asset Value, End of Period | $1.0000 | $0.9995 | $1.0004 | $1.0006 | $1.0003 | $1.0002 |
Total Return2 | 1.75% | 0.28% | 0.06% | 1.39% | 2.43% | 1.57% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | —%4 | —% | —% | 0.00%5 | —% | 0.00%5 |
Net investment income | 3.35%4 | 0.35% | 0.08% | 1.36% | 2.41% | 1.59% |
Expense waiver/ reimbursement6 | 0.29%4 | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $11,113,752 | $9,946,892 | $12,120,572 | $15,937,441 | $13,599,422 | $6,992,551 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | Represents less than 0.01%. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $0.9995 | $1.0003 | $1.0006 | $1.0003 | $1.0002 | $1.0002 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0156 | 0.0025 | 0.0002 | 0.0111 | 0.0214 | 0.0131 |
Net realized and unrealized gain (loss) | 0.0005 | (0.0007) | (0.0003) | 0.0003 | 0.0001 | (0.0000)1 |
Total From Investment Operations | 0.0161 | 0.0018 | (0.0001) | 0.0114 | 0.0215 | 0.0131 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0156) | (0.0025) | (0.0002) | (0.0111) | (0.0214) | (0.0131) |
Distributions from net realized gain | — | (0.0001) | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 |
Total Distributions | (0.0156) | (0.0026) | (0.0002) | (0.0111) | (0.0214) | (0.0131) |
Net Asset Value, End of Period | $1.0000 | $0.9995 | $1.0003 | $1.0006 | $1.0003 | $1.0002 |
Total Return2 | 1.62% | 0.18% | (0.01)% | 1.14% | 2.18% | 1.31% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.25%4 | 0.09% | 0.08% | 0.25% | 0.25% | 0.25% |
Net investment income | 3.10%4 | 0.19% | 0.01% | 1.04% | 2.20% | 1.26% |
Expense waiver/reimbursement5 | 0.29%4 | 0.45% | 0.46% | 0.29% | 0.29% | 0.29% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $416,830 | $372,511 | $701,955 | $1,687,886 | $1,055,438 | $186,643 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $0.9994 | $1.0003 | $1.0006 | $1.0003 | $1.0002 | $1.0002 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0163 | 0.0028 | 0.0003 | 0.0126 | 0.0230 | 0.0146 |
Net realized and unrealized gain (loss) | 0.0005 | (0.0006) | (0.0003) | 0.0003 | (0.0000)1 | (0.0000)1 |
Total From Investment Operations | 0.0168 | 0.0022 | — | 0.0129 | 0.0230 | 0.0146 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0163) | (0.0030) | (0.0003) | (0.0126) | (0.0229) | (0.0146) |
Distributions from net realized gain | — | (0.0001) | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 |
Total Distributions | (0.0163) | (0.0031) | (0.0003) | (0.0126) | (0.0229) | (0.0146) |
Net Asset Value, End of Period | $0.9999 | $0.9994 | $1.0003 | $1.0006 | $1.0003 | $1.0002 |
Total Return2 | 1.69% | 0.23% | 0.00%3 | 1.29% | 2.33% | 1.47% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.10%5 | 0.05% | 0.06% | 0.10% | 0.10% | 0.10% |
Net investment income | 3.26%5 | 0.19% | 0.02% | 1.24% | 2.31% | 1.40% |
Expense waiver/reimbursement6 | 0.29%5 | 0.34% | 0.33% | 0.29% | 0.29% | 0.29% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $8,937 | $8,942 | $20,922 | $19,074 | $16,566 | $12,185 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Represents less than 0.01%. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
January 31, 2023 (unaudited)
Assets: | |
Investment in securities, at value including $11,435,626,545 of investments in affiliated holdings* (identified cost $11,488,782,213, including $11,438,782,213 of identified cost in affiliated holdings) | $11,485,626,545 |
Cash | 716,413 |
Income receivable | 6,138 |
Income receivable from affiliated holdings | 41,855,662 |
Receivable for shares sold | 51,910,115 |
Total Assets | 11,580,114,873 |
Liabilities: | |
Payable for shares redeemed | 13,032,559 |
Income distribution payable | 27,373,837 |
Payable for investment adviser fee (Note 5) | 35,494 |
Payable for administrative fee (Note 5) | 24,640 |
Payable for Directors’/Trustees’ fees (Note 5) | 12,025 |
Payable for other service fees (Notes 2 and 5) | 61,438 |
Accrued expenses (Note 5) | 56,822 |
Total Liabilities | 40,596,815 |
Net assets for 11,539,757,038 shares outstanding | $11,539,518,058 |
Net Assets Consist of: | |
Paid-in capital | $11,543,492,183 |
Total distributable earnings (loss) | (3,974,125) |
Total Net Assets | $11,539,518,058 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$11,113,751,626 ÷ 11,113,980,185 shares outstanding, no par value, unlimited shares authorized | $1.0000 |
Service Shares: | |
$416,829,592 ÷ 416,839,396 shares outstanding, no par value, unlimited shares authorized | $1.0000 |
Capital Shares: | |
$8,936,840 ÷ 8,937,457 shares outstanding, no par value, unlimited shares authorized | $0.9999 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended January 31, 2023 (unaudited)
Investment Income: | |
Dividends received from affiliated holdings* | $179,922,664 |
Interest | 860,159 |
TOTAL INCOME | 180,782,823 |
Expenses: | |
Investment adviser fee (Note 5) | 10,791,683 |
Administrative fee (Note 5) | 4,224,953 |
Custodian fees | 149,993 |
Transfer agent fees | 44,793 |
Directors’/Trustees’ fees (Note 5) | 29,535 |
Auditing fees | 13,290 |
Legal fees | 5,145 |
Portfolio accounting fees | 110,551 |
Other service fees (Notes 2 and 5) | 483,270 |
Share registration costs | 84,531 |
Printing and postage | 19,988 |
Miscellaneous (Note 5) | 123,527 |
TOTAL EXPENSES | 16,081,259 |
Waiver and Reimbursements: | |
Waiver/reimbursement of investment adviser fee (Note 5) | (10,791,683) |
Reimbursement of other operating expenses (Notes 2 and 5) | (4,735,381) |
TOTAL WAIVER AND REIMBURSEMENTS | (15,527,064) |
Net expenses | 554,195 |
Net investment income | 180,228,628 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized gain on investments in an affiliated holding* | 630,765 |
Net change in unrealized depreciation of investments in an affiliated holding* | 4,982,829 |
Net realized and unrealized gain (loss) on investments | 5,613,594 |
Change in net assets resulting from operations | $185,842,222 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended 7/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $180,228,628 | $34,665,085 |
Net realized gain (loss) | 630,765 | (1,328,799) |
Net change in unrealized appreciation/depreciation | 4,982,829 | (6,111,897) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 185,842,222 | 27,224,389 |
Distributions to Shareholders: | ||
Institutional Shares | (174,150,364) | (34,900,178) |
Service Shares | (5,945,970) | (972,903) |
Capital Shares | (146,290) | (35,840) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (180,242,624) | (35,908,921) |
Share Transactions: | ||
Proceeds from sale of shares | 21,309,160,653 | 38,690,164,420 |
Net asset value of shares issued to shareholders in payment of distributions declared | 55,319,705 | 10,482,549 |
Cost of shares redeemed | (20,158,907,114) | (41,207,066,452) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 1,205,573,244 | (2,506,419,483) |
Change in net assets | 1,211,172,842 | (2,515,104,015) |
Net Assets: | ||
Beginning of period | 10,328,345,216 | 12,843,449,231 |
End of period | $11,539,518,058 | $10,328,345,216 |
Other Service Fees Incurred | |
Service Shares | $478,783 |
Capital Shares | 4,487 |
TOTAL | $483,270 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 21,053,175,539 | $21,045,388,899 | 38,562,278,787 | $38,557,456,148 |
Shares issued to shareholders in payment of distributions declared | 49,342,829 | 49,330,136 | 9,493,387 | 9,489,444 |
Shares redeemed | (19,940,589,021) | (19,933,269,013) | (40,735,979,904) | (40,732,381,207) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | 1,161,929,347 | $1,161,450,022 | (2,164,207,730) | $(2,165,435,615) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 261,781,882 | $261,697,514 | 127,450,141 | $127,416,583 |
Shares issued to shareholders in payment of distributions declared | 5,845,092 | 5,843,498 | 957,705 | 957,294 |
Shares redeemed | (223,491,086) | (223,408,022) | (457,418,370) | (457,394,097) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | 44,135,888 | $44,132,990 | (329,010,524) | $(329,020,220) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,075,565 | $2,074,240 | 5,292,088 | $5,291,689 |
Shares issued to shareholders in payment of distributions declared | 146,126 | 146,071 | 35,826 | 35,811 |
Shares redeemed | (2,231,042) | (2,230,079) | (17,295,855) | (17,291,148) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (9,351) | $(9,768) | (11,967,941) | $(11,963,648) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 1,206,055,884 | $1,205,573,244 | (2,505,186,195) | $(2,506,419,483) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2022 | Ending Account Value 1/31/2023 | Expenses Paid During Period1 | |
Actual: | |||
Institutional Shares | $1,000 | $1,017.50 | $—2 |
Service Shares | $1,000 | $1,016.20 | $1.273 |
Capital Shares | $1,000 | $1,016.90 | $0.514 |
Hypothetical (assuming a 5% return before expenses): | |||
Institutional Shares | $1,000 | $1,025.21 | $—2 |
Service Shares | $1,000 | $1,023.95 | $1.283 |
Capital Shares | $1,000 | $1,024.70 | $0.514 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Institutional Shares | 0.00% |
Service Shares | 0.25% |
Capital Shares | 0.10% |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.02 and $1.02, respectively. |
3 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Service Shares current Fee Limit of 0.45% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $2.29 and $2.29, respectively. |
4 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Capital Shares current Fee Limit of 0.30% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.53 and $1.53, respectively. |
Security Type | Percentage of Total Net Assets |
Other Repurchase Agreements and Repurchase Agreements | 36.1% |
Variable Rate Instruments | 34.1% |
Bank Instruments | 15.5% |
Commercial Paper | 9.4% |
U.S. Treasury Securities | 5.0% |
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 security types. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days2 | 82.8% |
8-30 Days | 6.1% |
31-90 Days | 2.9% |
91-180 Days | 6.7% |
181 Days or more | 1.6% |
Other Assets and Liabilities—Net3 | (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 | Overnight securities comprised 34.0% of the Fund’s portfolio. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— 34.1% | ||
Aerospace/Auto— 0.1% | |||
$ 20,000,000 | Toyota Motor Credit Corp., (Toyota Motor Corp. Support Agreement), 4.670% (SOFR +0.370%), 2/1/2023 | $ 20,000,000 | |
Finance - Banking— 29.9% | |||
47,500,000 | Australia & New Zealand Banking Group, Melbourne, 4.650% (SOFR +0.350%), 2/1/2023 | 47,500,000 | |
23,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.650% (SOFR +0.350%), 2/1/2023 | 22,999,995 | |
27,500,000 | Australia & New Zealand Banking Group, Melbourne, 4.680% (SOFR +0.380%), 2/1/2023 | 27,509,708 | |
30,000,000 | Bank of Montreal, 4.860% (SOFR +0.560%), 2/1/2023 | 30,035,207 | |
60,000,000 | Bank of Montreal, 4.950% (SOFR +0.650%), 2/1/2023 | 59,688,403 | |
110,000,000 | Bank of Montreal, 5.000% (SOFR +0.700%), 2/1/2023 | 110,000,000 | |
60,000,000 | Bank of Montreal, 5.000% (SOFR +0.700%), 2/1/2023 | 60,158,696 | |
50,000,000 | Bank of Nova Scotia, Toronto, 4.740% (SOFR +0.440%), 2/1/2023 | 50,021,235 | |
25,000,000 | Bank of Nova Scotia, Toronto, 4.800% (SOFR +0.500%), 2/1/2023 | 25,021,438 | |
100,000,000 | Bank of Nova Scotia, Toronto, 4.800% (SOFR +0.500%), 2/1/2023 | 100,162,188 | |
20,000,000 | Bank of Nova Scotia, Toronto, 4.830% (SOFR +0.530%), 2/1/2023 | 20,000,000 | |
35,000,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 35,042,896 | |
43,500,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 43,554,955 | |
20,000,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 20,025,946 | |
23,500,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 23,529,425 | |
22,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 22,031,384 | |
10,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 10,014,511 | |
50,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 50,086,470 | |
100,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 100,000,000 | |
125,000,000 | Bank of Nova Scotia, Toronto, 4.970% (SOFR +0.670%), 2/1/2023 | 125,222,681 | |
24,000,000 | Bedford Row Funding Corp., (Royal Bank of Canada GTD), 4.630% (SOFR +0.330%), 2/1/2023 | 24,006,734 | |
50,000,000 | Bedford Row Funding Corp., (Royal Bank of Canada GTD), 4.820% (SOFR +0.520%), 2/1/2023 | 50,000,000 | |
54,000,000 | Canadian Imperial Bank of Commerce, 4.800% (SOFR +0.500%), 2/1/2023 | 54,053,273 | |
120,000,000 | Canadian Imperial Bank of Commerce, 4.800% (SOFR +0.500%), 2/1/2023 | 120,114,742 | |
120,000,000 | Canadian Imperial Bank of Commerce, 4.850% (SOFR +0.550%), 2/1/2023 | 120,168,700 | |
50,000,000 | Canadian Imperial Holdings, Inc., 4.820% (SOFR +0.520%), 2/1/2023 | 50,057,288 | |
95,000,000 | Citibank N.A., New York, 4.720% (SOFR +0.420%), 2/1/2023 | 95,038,795 |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 186,000,000 | Citibank N.A., New York, 4.720% (SOFR +0.420%), 2/1/2023 | $ 186,075,711 | |
100,000,000 | Citibank N.A., New York, 4.770% (SOFR +0.470%), 2/1/2023 | 100,086,828 | |
9,900,000 | City Furniture, Inc., (Wells Fargo Bank, N.A. LOC), 4.530%, 2/2/2023 | 9,900,000 | |
15,000,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 4.730% (SOFR +0.430%), 2/1/2023 | 15,009,267 | |
47,500,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 4.750% (SOFR +0.450%), 2/1/2023 | 47,500,000 | |
20,500,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.670% (SOFR +0.370%), 2/1/2023 | 20,500,000 | |
50,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.800% (SOFR +0.500%), 2/1/2023 | 50,000,000 | |
50,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.810% (SOFR +0.510%), 2/1/2023 | 50,000,000 | |
45,000,000 | Commonwealth Bank of Australia, 4.730% (SOFR +0.430%), 2/1/2023 | 45,000,000 | |
50,000,000 | Commonwealth Bank of Australia, 4.800% (SOFR +0.500%), 2/1/2023 | 50,000,000 | |
25,000,000 | Commonwealth Bank of Australia, 4.840% (SOFR +0.540%), 2/1/2023 | 25,000,000 | |
16,700,000 | Greene County Development Authority, Reynolds Lodge, LLC Series 2000B, (U.S. Bank, N.A. LOC), 4.450%, 2/1/2023 | 16,700,000 | |
3,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project 2013A, (Bank of America N.A. LOC), 4.400%, 2/2/2023 | 3,000,000 | |
7,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project, (Bank of America N.A. LOC), 4.400%, 2/2/2023 | 7,000,000 | |
7,595,000 | Gulf Gate Apartments LLC, Series 2003, (Wells Fargo Bank, N.A. LOC), 4.510%, 2/2/2023 | 7,595,000 | |
11,755,000 | Hamilton Station Park and Ride, Series 2005, (Wells Fargo Bank, N.A. LOC), 4.510%, 2/2/2023 | 11,755,000 | |
9,000,000 | Michael Dennis Sullivan Irrevocable Trust, (Wells Fargo Bank, N.A. LOC), 4.400%, 2/2/2023 | 9,000,000 | |
100,000,000 | Mizuho Bank Ltd., 4.860% (SOFR +0.560%), 2/1/2023 | 100,000,000 | |
32,500,000 | MUFG Bank Ltd., 4.700% (SOFR +0.400%), 2/1/2023 | 32,511,243 | |
55,950,000 | MUFG Bank Ltd., 4.790% (SOFR +0.490%), 2/1/2023 | 55,950,552 | |
71,500,000 | MUFG Bank Ltd., 4.850% (SOFR +0.550%), 2/1/2023 | 71,500,000 | |
50,000,000 | National Australia Bank Ltd., Melbourne, 4.700% (SOFR +0.400%), 2/1/2023 | 50,000,000 | |
37,500,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 37,500,000 | |
45,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 45,040,732 | |
84,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 84,069,077 | |
22,500,000 | National Australia Bank Ltd., Melbourne, 4.840% (SOFR +0.540%), 2/1/2023 | 22,523,148 |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 96,500,000 | National Australia Bank Ltd., Melbourne, 4.860% (SOFR +0.560%), 2/1/2023 | $ 96,650,344 | |
50,000,000 | Nordea Bank Abp, 4.540% (SOFR +0.240%), 2/1/2023 | 50,011,608 | |
12,500,000 | Nordea Bank Abp, 4.550% (SOFR +0.250%), 2/1/2023 | 12,500,799 | |
36,000,000 | Nordea Bank Abp, 4.740% (SOFR +0.440%), 2/1/2023 | 36,031,199 | |
40,000,000 | Nordea Bank Abp, 4.800% (SOFR +0.500%), 2/1/2023 | 40,000,000 | |
34,000,000 | Nuveen Floating Rate Income Fund, (Series A), (Sumitomo Mitsui Banking Corp. LOC), 4.620%, 2/2/2023 | 34,000,000 | |
3,115,000 | Public Building Corp., Springfield, MO, Jordan Valley Ice Park, Series 2003, (U.S. Bank, N.A. LOC), 4.450%, 2/2/2023 | 3,115,000 | |
50,000,000 | 2 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 4.700% (SOFR +0.400%), 2/1/2023 | 50,000,000 |
35,000,000 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 4.750% (SOFR +0.450%), 2/1/2023 | 35,000,000 | |
150,000,000 | Royal Bank of Canada, 4.850% (SOFR +0.550%), 2/1/2023 | 150,134,487 | |
62,500,000 | Royal Bank of Canada, 5.050% (SOFR +0.750%), 2/1/2023 | 62,633,697 | |
35,000,000 | Royal Bank of Canada, New York Branch, 4.870% (SOFR +0.570%), 2/1/2023 | 35,059,341 | |
95,000,000 | Royal Bank of Canada, New York Branch, 4.880% (SOFR +0.580%), 2/1/2023 | 95,152,727 | |
18,965,000 | Salem Green, LLP, Salem Green Apartments Project, Series 2010, (Wells Fargo Bank, N.A. LOC), 4.510%, 2/2/2023 | 18,965,000 | |
300,000,000 | Sumitomo Mitsui Trust Bank Ltd., 4.740% (SOFR +0.440%), 2/1/2023 | 300,000,000 | |
130,500,000 | Svenska Handelsbanken, Stockholm, 4.650% (SOFR +0.350%), 2/1/2023 | 130,500,000 | |
125,000,000 | Svenska Handelsbanken, Stockholm, 4.860% (SOFR +0.560%), 2/1/2023 | 125,000,000 | |
80,295,470 | Taxable Tender Option Bond Trust 2021-MIZ9060TX, (Series 2021-MIZ9060TX) VRDNs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.590%, 2/1/2023 | 80,295,470 | |
10,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9075TX, (Series MIZ-9075TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.590%, 2/1/2023 | 10,000,000 | |
3,534,874 | Taxable Tender Option Bond Trust 2021-MIZ9077TX, (Series 2021-MIZ9077TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.590%, 2/1/2023 | 3,534,874 | |
2,207,606 | Taxable Tender Option Bond Trust 2021-MIZ9078TX, (Series 2021-MIZ9078TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.590%, 2/1/2023 | 2,207,606 | |
17,500,000 | Toronto Dominion Bank, 4.880% (SOFR +0.580%), 2/1/2023 | 17,536,905 | |
27,500,000 | Toronto Dominion Bank, 4.880% (SOFR +0.580%), 2/1/2023 | 27,541,573 | |
60,000,000 | Triborough Bridge & Tunnel Authority, NY, (Series E Taxable) Weekly VRDNs, (UBS AG LOC), 4.350%, 2/2/2023 | 60,000,000 |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 7,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.700% (SOFR +0.400%), 2/1/2023 | $ 7,003,972 | |
99,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.750% (SOFR +0.450%), 2/1/2023 | 99,000,000 | |
150,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.750% (SOFR +0.450%), 2/1/2023 | 150,000,000 | |
40,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.800% (SOFR +0.500%), 2/1/2023 | 40,000,000 | |
136,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.800% (SOFR +0.500%), 2/1/2023 | 136,000,000 | |
45,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.840% (SOFR +0.540%), 2/1/2023 | 45,056,750 | |
22,500,000 | Westpac Banking Corp. Ltd., Sydney, 4.840% (SOFR +0.540%), 2/1/2023 | 22,530,451 | |
5,870,000 | Yeshivas Novominsk, Series 2008, (TD Bank, N.A. LOC), 4.570%, 2/2/2023 | 5,870,000 | |
TOTAL | 4,630,593,031 | ||
Finance - Retail— 2.4% | |||
10,000,000 | Chariot Funding LLC, 4.660% (SOFR +0.360%), 2/1/2023 | 10,000,000 | |
45,000,000 | Chariot Funding LLC, 4.850% (SOFR +0.550%), 2/1/2023 | 45,000,000 | |
45,000,000 | Fairway Finance Co. LLC, 4.700% (SOFR +0.400%), 2/1/2023 | 45,000,000 | |
61,750,000 | Old Line Funding, LLC, 4.700% (SOFR +0.400%), 2/1/2023 | 61,750,000 | |
47,500,000 | Old Line Funding, LLC, 4.760% (SOFR +0.460%), 2/1/2023 | 47,500,000 | |
42,500,000 | Old Line Funding, LLC, 4.800% (SOFR +0.500%), 2/1/2023 | 42,500,000 | |
40,000,000 | Old Line Funding, LLC, 4.820% (SOFR +0.520%), 2/1/2023 | 40,000,000 | |
45,000,000 | Old Line Funding, LLC, 4.870% (SOFR +0.570%), 2/1/2023 | 45,032,735 | |
25,000,000 | Thunder Bay Funding, LLC, 4.730% (SOFR +0.430%), 2/1/2023 | 25,000,000 | |
TOTAL | 361,782,735 | ||
Government Agency— 1.7% | |||
12,785,000 | 1320 W Jefferson LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/1/2023 | 12,785,000 | |
51,450,000 | Archer 1 LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 51,450,000 | |
9,015,000 | Austen Children’s Gift Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 9,015,000 | |
6,830,000 | Baker Life Insurance Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 6,830,000 | |
34,850,000 | BWF Forge TL Properties Owner LLC, (Federal Home Loan Bank of Des Moines LOC)/(Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 34,850,000 | |
5,705,000 | Catania Family Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 5,705,000 | |
4,270,000 | Jim Brooks Irrevocable Trust, (Federal Home Loan Bank of Dallas LOC), 4.390%, 2/2/2023 | 4,270,000 |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 11,570,000 | Joseph L. Goggins Irrevocable Insurance Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | $ 11,570,000 | |
3,655,000 | Karyn Brooks Descendants Trust, (Federal Home Loan Bank of Dallas LOC), 4.390%, 2/2/2023 | 3,655,000 | |
6,380,000 | MHF DKF Insurance Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/1/2023 | 6,380,000 | |
17,030,000 | Mohr Green Associates L.P., 2012-A, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 17,030,000 | |
22,610,000 | NWD 2017 Family Trust No. 1, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 22,610,000 | |
9,080,000 | Park Stanton Place LP, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 9,080,000 | |
2,205,000 | Plaza Fitzsimons Owner, LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/1/2023 | 2,205,000 | |
5,010,000 | R.J. Brooks Jr. Irrevocable Trust, (Federal Home Loan Bank of Dallas LOC), 4.390%, 2/2/2023 | 5,010,000 | |
6,980,000 | RK Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 6,980,000 | |
3,500,000 | Rohnert Park 668, L.P., (Federal Home Loan Bank of San Francisco LOC), 4.813%, 2/2/2023 | 3,500,000 | |
6,255,000 | Sibley Family Irrevocable Insurance Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 6,255,000 | |
6,610,000 | The CLC Irrevocable Insurance Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 6,610,000 | |
5,120,000 | The Eugene Kim Irrevocable Life Insurance Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 5,120,000 | |
22,830,000 | The Gregory P. Berry Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/1/2023 | 22,830,000 | |
5,740,000 | The Leopold Family Insurance Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 5,740,000 | |
5,975,000 | The Thompson 2018 Family Trust, (Federal Home Loan Bank of Dallas LOC), 4.390%, 2/2/2023 | 5,975,000 | |
TOTAL | 265,455,000 | ||
TOTAL NOTES - VARIABLE (IDENTIFIED COST $5,275,593,417) | 5,277,830,766 | ||
3 | COMMERCIAL PAPER— 9.4% | ||
Finance - Banking— 5.9% | |||
10,000,000 | Albion Capital LLC, (MUFG Bank Ltd. LIQ), 4.535%, 2/16/2023 | 9,981,167 | |
195,000,000 | Anglesea Funding LLC, 4.383% - 5.034%, 2/1/2023 - 7/19/2023 | 193,954,172 | |
60,000,000 | Bank of Montreal, 2.800%, 5/9/2023 | 60,000,000 | |
40,000,000 | Canadian Imperial Bank of Commerce, 2.069%, 3/20/2023 | 39,760,107 | |
50,000,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 5.055%, 7/24/2023 | 48,807,616 | |
21,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 5.055%, 7/24/2023 | 20,499,199 |
Principal Amount | Value | ||
3 | COMMERCIAL PAPER— continued | ||
Finance - Banking— continued | |||
$ 200,000,000 | DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 5.034%, 7/25/2023 | $ 195,239,028 | |
70,000,000 | Gotham Funding Corp., (MUFG Bank Ltd. LIQ), 4.823%, 5/5/2023 | 69,137,106 | |
22,000,000 | National Australia Bank Ltd., Melbourne, 3.843%, 6/15/2023 | 21,599,050 | |
89,500,000 | Royal Bank of Canada, 2.229% - 4.050%, 3/29/2023 - 8/23/2023 | 87,528,070 | |
122,000,000 | Toronto Dominion Bank, 2.903%, 5/31/2023 | 120,098,426 | |
55,000,000 | Victory Receivables Corp., (MUFG Bank Ltd. LIQ), 4.809%, 4/17/2023 | 54,451,491 | |
TOTAL | 921,055,432 | ||
Finance - Retail— 0.4% | |||
7,500,000 | Fairway Finance Co. LLC, 5.043%, 7/24/2023 | 7,318,967 | |
50,000,000 | Thunder Bay Funding, LLC, 5.091%, 8/2/2023 | 48,746,222 | |
TOTAL | 56,065,189 | ||
Insurance— 1.9% | |||
300,000,000 | UnitedHealth Group, Inc., 4.323%, 2/1/2023 | 300,000,000 | |
Oil & Oil Finance— 0.3% | |||
42,400,000 | TotalEnergies Capital Canada Ltd., 4.351%, 2/3/2023 | 42,389,777 | |
Sovereign— 0.9% | |||
115,000,000 | BNG Bank N.V., 4.341% - 4.553%, 2/1/2023 - 2/27/2023 | 114,754,354 | |
30,000,000 | Export Development Canada, (Canada, Government of SUB), 5.203%, 11/9/2023 | 28,829,167 | |
TOTAL | 143,583,521 | ||
TOTAL COMMERCIAL PAPER (IDENTIFIED COST $1,464,607,005) | 1,463,093,919 | ||
CERTIFICATES OF DEPOSIT— 9.1% | |||
Finance - Banking— 9.1% | |||
66,500,000 | Bank of Montreal, 2.850% - 5.470%, 5/24/2023 - 1/8/2024 | 66,435,127 | |
325,000,000 | Credit Agricole Corporate and Investment Bank, 4.310% - 4.490%, 2/1/2023 - 2/7/2023 | 325,000,000 | |
335,500,000 | Mizuho Bank Ltd., 4.360% - 4.810%, 2/1/2023 - 5/4/2023 | 335,504,067 | |
406,500,000 | Sumitomo Mitsui Trust Bank Ltd., 4.770% - 4.830%, 4/13/2023 - 5/16/2023 | 406,541,672 | |
205,000,000 | Toronto Dominion Bank, 2.800% - 4.070%, 5/5/2023 - 7/18/2023 | 203,882,621 | |
70,000,000 | Toronto Dominion Bank, 5.250%, 1/25/2024 | 70,006,090 | |
TOTAL CERTIFICATES OF DEPOSIT (IDENTIFIED COST $1,408,499,723) | 1,407,369,577 | ||
TIME DEPOSITS— 6.4% | |||
Finance - Banking— 6.4% | |||
770,000,000 | ABN Amro Bank NV, 4.330% - 4.510%, 2/1/2023 - 2/7/2023 | 770,000,000 | |
125,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.360%, 2/3/2023 | 125,000,000 |
Principal Amount | Value | ||
TIME DEPOSITS— continued | |||
Finance - Banking— continued | |||
$ 100,000,000 | Mizuho Bank Ltd., 4.320%, 2/1/2023 | $ 100,000,000 | |
TOTAL TIME DEPOSITS (IDENTIFIED COST $995,000,000) | 995,000,000 | ||
U.S. TREASURY— 5.0% | |||
U.S. Treasury Bills— 4.7% | |||
730,000,000 | United States Treasury Bill, 4.490%, 2/23/2023 | 727,996,960 | |
U.S. Treasury Notes— 0.3% | |||
50,000,000 | 1 | United States Treasury Floating Rate Notes, 4.682% (91-day T-Bill +0.034%), 2/7/2023 | 50,026,920 |
TOTAL U.S. TREASURY (IDENTIFIED COST $777,997,938) | 778,023,880 | ||
OTHER REPURCHASE AGREEMENTS— 16.8% | |||
Finance - Banking— 16.8% | |||
288,625,000 | BNP Paribas S.A., 4.40%, dated 1/31/2023, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,042,778 on 02/01/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term note and sovereign debt with a market value of $358,110,649 have been received as collateral and held with BNY Mellon as tri-party agent. | 288,625,000 | |
60,000,000 | BofA Securities, Inc., 4.39%, dated 1/31/2023, interest in a $75,000,000 collateralized loan agreement will repurchase securities provided as collateral for $75,009,146 on 02/03/2023, in which corporate bonds with a market value of $76,509,399 have been received as collateral and held with BNY Mellon as tri-party agent. | 60,000,000 | |
100,000,000 | BofA Securities, Inc., 5.19%, dated 9/4/2020, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $101,297,500 on 5/4/2023, in which American depositary receipts, convertible bonds, exchange-traded funds and sovereign debt with a market value of $102,405,932 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
150,000,000 | BofA Securities, Inc., 4.66%, dated 12/13/2022, interest in a $165,000,000 collateralized loan agreement will repurchase securities provided as collateral for $165,149,508 on 2/10/2023, in which corporate bonds and medium-term note with a market value of $168,321,047 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
200,000,000 | BofA Securities, Inc., 5.11%, dated 12/6/2022, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $226,117,813 on 2/10/2023, in which asset-backed securities and collateralized mortgage obligations with a market value of $229,530,919 have been received as collateral and held with BNY Mellon as tri-party agent. | 200,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 250,000,000 | BofA Securities, Inc., 5.19%, dated 9/9/2020, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $253,243,750 on 5/4/2023, in which American depositary receipt, asset-backed securities, corporate bond, convertible bonds and medium-term with a market value of $256,014,831 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 250,000,000 | |
125,000,000 | Credit Agricole S.A., 4.72%, dated 6/24/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,275,333 on 2/10/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations and sovereign debt with a market value of $306,126,468 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
280,000,000 | Credit Agricole S.A., 4.62%, dated 6/24/2022, interest in a $800,000,000 collateralized loan agreement will repurchase securities provided as collateral for $800,718,667 on 2/10/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term note and sovereign debt with a market value of $816,155,252 have been received as collateral and held with BNY Mellon as tri-party agent. | 280,000,000 | |
45,000,000 | HSBC Securities (USA), Inc., 4.42%, dated 1/31/2023, interest in a $245,000,000 collateralized loan agreement will repurchase securities provided as collateral for $245,030,081 on 2/01/2023, in which corporate bonds, medium-term notes and Sovereign debt with a market value of $249,900,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 45,000,000 | |
44,625,000 | ING Financial Markets LLC, 4.39%, dated 1/31/2023, interest in a $50,000,000 collateralized loan agreement will repurchase securities provided as collateral for $50,006,097 on 2/1/2023, in which corporate bonds, medium-term note and sovereign debt with a market value of $51,006,594 have been received as collateral and held with BNY Mellon as tri-party agent. | 44,625,000 | |
65,000,000 | J.P. Morgan Securities LLC, 4.82%, dated 1/23/2023, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $251,004,167 on 02/22/2023, in which asset-backed securities, collateralized mortgage obligation, corporate bonds, medium-term notes and Sovereign debt with a market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 65,000,000 | |
50,000,000 | Mizuho Securities USA, Inc., 4.42%, dated 1/31/2023, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,012,278 on 2/01/2023, in which asset-backed securities and corporate bonds with a market value of $102,012,524 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 85,000,000 | Mizuho Securities USA, Inc., 4.47%, dated 1/31/2023, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,018,625 on 2/01/2023, in which common stocks with a market value of $153,019,001 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 85,000,000 | |
78,625,000 | Mitsubishi UFG Securities Americas, Inc., 4.47%, dated 1/31/2023, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,037,250 on 2/1/2023, in which American depositary receipts, common stocks, corporate bonds, exchange-traded funds, unit investment trust and municipal bonds with a market value of $306,038,896 have been received as collateral and held with BNY Mellon as tri-party agent. | 78,625,000 | |
135,000,000 | Pershing LLC, 4.82%, dated 7/14/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,281,167 on 2/10/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, commercial paper, common stocks, convertible bond, certificate deposit, exchange-traded funds, medium-term notes, municipal bonds, mutual funds and sovereign debt of with a market value of $306,038,845 have been received as collateral and held with BNY Mellon as tri-party agent. | 135,000,000 | |
125,000,000 | Societe Generale, Paris, 4.38%, dated 1/31/2023, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,042,583 on 2/1/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term note and sovereign debt with a market value of $357,246,293 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
300,625,000 | Societe Generale, Paris, 4.47%, dated 1/31/2023, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,080,708 on 2/1/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations and medium-term with a market value of $663,082,322 have been received as collateral and held with BNY Mellon as tri-party agent. | 300,625,000 | |
86,150,000 | Standard Chartered Bank, 4.38%, dated 1/31/2023, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,018,250 on 2/1/2023, in which treasury bonds and treasury notes with a market value of $153,018,623 have been received as collateral and held with BNY Mellon as tri-party agent. | 86,150,000 | |
125,000,000 | Wells Fargo Securities LLC, 5.17%, dated 2/3/2022, interest in a $125,000,000 collateralized loan agreement will repurchase securities provided as collateral for $126,633,576 on 04/10/2023, in which certificate of deposit with a market value of $127,921,140 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS (IDENTIFIED COST $2,593,650,000) | 2,593,650,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— 19.3% | |||
Finance - Banking— 19.3% | |||
$2,000,000,000 | Interest in $2,000,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Federal Reserve Bank of New York will repurchase securities provided as collateral for $2,000,238,889 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2040 and the market value of those underlying securities was $2,000,238,961. | $ 2,000,000,000 | |
484,000,000 | Interest in $2,000,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $2,000,238,889 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 10/20/2052 and the market value of those underlying securities was $2,040,243,667. | 484,000,000 | |
500,000,000 | Interest in $1,650,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $1,650,197,083 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/1/2053 and the market value of those underlying securities was $1,683,201,025. | 500,000,000 | |
TOTAL REPURCHASE AGREEMENTS (IDENTIFIED COST $2,984,000,000) | 2,984,000,000 | ||
TOTAL INVESTMENT IN SECURITIES—100.1% (IDENTIFIED COST $15,499,348,083)4 | 15,498,968,142 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.1)%5 | (16,530,121) | ||
TOTAL NET ASSETS—100% | $15,482,438,021 |
1 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or availing of an exemption from registration, under the Securities Act of 1933; or (b) is subject to a contractual restriction on public sales. At January 31, 2023, these restricted securities amounted to $50,000,000, which represented 0.3% of total net assets. |
3 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
4 | Also represents cost of investments for federal tax purposes. |
5 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
GTD | —Guaranteed | |
LIQ | —Liquidity Agreement | |
LLP | —Limited Liability Partnership | |
LOC | —Letter of Credit | |
MHF | —Maryland Housing Fund | |
SOFR | —Secured Overnight Financing Rate | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $0.9998 | $1.0005 | $1.0007 | $1.0004 | $1.0003 | $1.0003 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.01681 | 0.00371 | 0.0008 | 0.0136 | 0.0239 | 0.0156 |
Net realized and unrealized gain (loss) | 0.0005 | (0.0008) | (0.0002) | 0.0003 | 0.0001 | 0.00002 |
Total From Investment Operations | 0.0173 | 0.0029 | 0.0006 | 0.0139 | 0.0240 | 0.0156 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0168) | (0.0036) | (0.0008) | (0.0136) | (0.0239) | (0.0156) |
Net Asset Value, End of Period | $1.0003 | $0.9998 | $1.0005 | $1.0007 | $1.0004 | $1.0003 |
Total Return3 | 1.75% | 0.29% | 0.05% | 1.39% | 2.43% | 1.57% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.18%5 | 0.16% | 0.15% | 0.15% | 0.15% | 0.17% |
Net investment income | 3.34%5 | 0.38% | 0.08% | 1.37% | 2.41% | 1.62% |
Expense waiver/ reimbursement6 | 0.10%5 | 0.12% | 0.13% | 0.13% | 0.13% | 0.12% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $15,470,601 | $14,232,133 | $15,298,656 | $23,611,390 | $21,146,776 | $10,941,508 |
1 | Per share numbers have been calculated using the average shares method. |
2 | Represents less than $0.0001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
January 31, 2023 (unaudited)
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $5,577,650,000 |
Investment in securities | 9,921,318,142 |
Investment in securities, at value (identified cost $15,499,348,083) | 15,498,968,142 |
Cash | 491,777 |
Income receivable | 29,017,806 |
Total Assets | 15,528,477,725 |
Liabilities: | |
Income distribution payable | 45,750,094 |
Payable for investment adviser fee (Note 5) | 42,247 |
Payable for administrative fee (Note 5) | 33,189 |
Payable for Directors’/Trustees’ fees (Note 5) | 16,053 |
Accrued expenses (Note 5) | 198,121 |
Total Liabilities | 46,039,704 |
Net assets for 15,478,355,007 shares outstanding | $15,482,438,021 |
Net Assets Consist of: | |
Paid-in capital | $15,484,239,807 |
Total distributable earnings (loss) | (1,801,786) |
Total Net Assets | $15,482,438,021 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$15,470,601,344 ÷ 15,466,521,335 shares outstanding, no par value, unlimited shares authorized | $1.0003 |
Service Shares: | |
$11,836,577 ÷ 11,833,572 shares outstanding, no par value, unlimited shares authorized | $1.0003 |
Capital Shares: | |
$100 ÷ 100 shares outstanding, no par value, unlimited shares authorized | $0.9999* |
* | Actual net asset value per share presented differs from calculated net asset value per share due to rounding. |
Six Months Ended January 31, 2023 (unaudited)
Investment Income: | |
Interest | $265,938,005 |
Expenses: | |
Investment adviser fee (Note 5) | 15,074,432 |
Administrative fee (Note 5) | 5,902,297 |
Custodian fees | 219,943 |
Transfer agent fees | 34,347 |
Directors’/Trustees’ fees (Note 5) | 42,783 |
Auditing fees | 13,290 |
Legal fees | 5,143 |
Portfolio accounting fees | 114,608 |
Other service fees (Notes 2 and 5) | 15,220 |
Share registration costs | 44,589 |
Printing and postage | 11,580 |
Miscellaneous (Note 5) | 48,902 |
TOTAL EXPENSES | 21,527,134 |
Waiver of investment adviser fee (Note 5) | (7,575,602) |
Net expenses | 13,951,532 |
Net investment income | 251,986,473 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized gain on investments | 15,265 |
Net change in unrealized depreciation of investments | 7,527,225 |
Net realized and unrealized gain (loss) on investments | 7,542,490 |
Change in net assets resulting from operations | $259,528,963 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended 7/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $251,986,473 | $50,302,148 |
Net realized gain (loss) | 15,265 | 54,512 |
Net change in unrealized appreciation/depreciation | 7,527,225 | (9,036,105) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 259,528,963 | 41,320,555 |
Distributions to Shareholders: | ||
Institutional Shares | (251,889,437) | (50,220,717) |
Service Shares | (190,848) | (41,365) |
Capital Shares | (2) | (48) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (252,080,287) | (50,262,130) |
Share Transactions: | ||
Proceeds from sale of shares | 14,824,866,983 | 24,614,918,258 |
Net asset value of shares issued to shareholders in payment of distributions declared | 46,759,820 | 8,299,365 |
Cost of shares redeemed | (13,641,483,543) | (25,705,000,012) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 1,230,143,260 | (1,081,782,389) |
Change in net assets | 1,237,591,936 | (1,090,723,964) |
Net Assets: | ||
Beginning of period | 14,244,846,085 | 15,335,570,049 |
End of period | $15,482,438,021 | $14,244,846,085 |
Other Service Fees Incurred | |
Service Shares | $15,220 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 14,716,384,823 | $14,715,204,781 | 24,232,087,166 | $24,233,003,776 |
Shares issued to shareholders in payment of distributions declared | 46,657,815 | 46,659,133 | 8,283,360 | 8,282,176 |
Shares redeemed | (13,531,863,278) | (13,530,838,430) | (25,296,641,390) | (25,298,888,431) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | 1,231,179,360 | $1,231,025,484 | (1,056,270,864) | $(1,057,602,479) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 109,666,754 | $109,662,202 | 381,843,923 | $381,914,482 |
Shares issued to shareholders in payment of distributions declared | 100,690 | 100,687 | 17,154 | 17,151 |
Shares redeemed | (110,650,802) | (110,645,113) | (401,541,566) | (401,611,014) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (883,358) | $(882,224) | (19,680,489) | $(19,679,381) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | — | $— | — | $— |
Shares issued to shareholders in payment of distributions declared | — | — | 38 | 38 |
Shares redeemed | — | — | (4,498,390) | (4,500,567) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | — | $— | (4,498,352) | $(4,500,529) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 1,230,296,002 | $1,230,143,260 | (1,080,449,705) | $(1,081,782,389) |
Short-Term | Long-Term | Total |
$1,400,723 | $— | $1,400,723 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2022 | Ending Account Value 1/31/2023 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,017.50 | $0.92 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,024.30 | $0.92 |
1 | Expenses are equal to the Fund’s annualized net expense ratio of 0.18%, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N575
CUSIP 60934N567
Share Class | Ticker | Institutional | PVOXX |
Federated Hermes Institutional Prime Value Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
The Share Price will fluctuate. It is possible to lose money by investing in the Fund.
Security Type | Percentage of Total Net Assets2 |
Other Repurchase Agreements and Repurchase Agreements | 36.1% |
Variable Rate Instruments | 33.8% |
Bank Instruments | 15.4% |
Commercial Paper | 9.4% |
U.S. Treasury Securities | 4.9% |
Other Assets and Liabilities—Net3 | 0.4% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for more complete information regarding these security types. |
2 | As of the date specified above, the Fund owned shares of one or more affiliated investment companies. For purposes of this table, the affiliated investment company (other than an affiliated money market mutual fund) is not treated as a single portfolio security, but rather the Fund is treated as owning a pro rata portion of each security and each other asset and liability owned by the affiliated investment company. Accordingly, the percentages of total net assets shown in the table will differ from those presented on the Portfolio of Investments. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Shares or Principal Amount | Value | ||
INVESTMENT COMPANY— 99.1% | |||
11,432,196,886 | Federated Hermes Institutional Prime Obligations Fund, Institutional Shares, 4.41%1 (IDENTIFIED COST $11,438,782,213) | $11,435,626,545 | |
OTHER REPURCHASE AGREEMENTS— 0.4% | |||
Finance - Banking— 0.4% | |||
$ 50,000,000 | Interest in $245,000,000 joint repurchase agreement 4.42%, dated 1/31/2023 under which HSBC Securities (USA), Inc. will repurchase securities provided as collateral for $245,030,081 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 3/15/2053 and the market value of those underlying securities was $249,900,000. (IDENTIFIED COST $50,000,000) | 50,000,000 | |
TOTAL INVESTMENT IN SECURITIES—99.5% (IDENTIFIED COST $11,488,782,213)2 | 11,485,626,545 | ||
OTHER ASSETS AND LIABILITIES - NET—0.5%3 | 53,891,513 | ||
TOTAL NET ASSETS—100% | $11,539,518,058 |
Federated Hermes Institutional Prime Obligations Fund, Institutional Shares | |
Value as of 7/31/2022 | $10,294,155,651 |
Purchases at Cost | $6,664,373,200 |
Proceeds from Sales | $(5,528,515,900) |
Change in Unrealized Appreciation/Depreciation | $4,982,829 |
Net Realized Gain/(Loss) | $630,765 |
Value as of 1/31/2023 | $11,435,626,545 |
Shares Held as of 1/31/2023 | 11,432,196,886 |
Dividend Income | $179,922,664 |
1 | 7-day net yield. |
2 | Also represents cost of investments for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following is a summary of the inputs used, as of January 31, 2023, in valuing the Fund’s assets carried at fair value:
Valuation Inputs | ||||
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Total | |
Investment Company | $11,435,626,545 | $— | $— | $11,435,626,545 |
Repurchase Agreement | — | 50,000,000 | — | 50,000,000 |
TOTAL SECURITIES | $11,435,626,545 | $50,000,000 | $— | $11,485,626,545 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $0.9995 | $1.0004 | $1.0006 | $1.0003 | $1.0002 | $1.0002 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0168 | 0.0036 | 0.0008 | 0.0136 | 0.0239 | 0.0156 |
Net realized and unrealized gain (loss) | 0.0005 | (0.0008) | (0.0002) | 0.0003 | 0.0001 | (0.0000)1 |
Total From Investment Operations | 0.0173 | 0.0028 | 0.0006 | 0.0139 | 0.0240 | 0.0156 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0168) | (0.0036) | (0.0008) | (0.0136) | (0.0239) | (0.0156) |
Distributions from net realized gain | — | (0.0001) | (0.0000)1 | (0.0000)1 | (0.0000)1 | (0.0000)1 |
Total Distributions | (0.0168) | (0.0037) | (0.0008) | (0.0136) | (0.0239) | (0.0156) |
Net Asset Value, End of Period | $1.0000 | $0.9995 | $1.0004 | $1.0006 | $1.0003 | $1.0002 |
Total Return2 | 1.75% | 0.28% | 0.06% | 1.39% | 2.43% | 1.57% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | —%4 | —% | —% | 0.00%5 | —% | 0.00%5 |
Net investment income | 3.35%4 | 0.35% | 0.08% | 1.36% | 2.41% | 1.59% |
Expense waiver/ reimbursement6 | 0.29%4 | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $11,113,752 | $9,946,892 | $12,120,572 | $15,937,441 | $13,599,422 | $6,992,551 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | Represents less than 0.01%. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
January 31, 2023 (unaudited)
Assets: | |
Investment in securities, at value including $11,435,626,545 of investments in affiliated holdings* (identified cost $11,488,782,213, including $11,438,782,213 of identified cost in affiliated holdings) | $11,485,626,545 |
Cash | 716,413 |
Income receivable | 6,138 |
Income receivable from affiliated holdings | 41,855,662 |
Receivable for shares sold | 51,910,115 |
Total Assets | 11,580,114,873 |
Liabilities: | |
Payable for shares redeemed | 13,032,559 |
Income distribution payable | 27,373,837 |
Payable for investment adviser fee (Note 5) | 35,494 |
Payable for administrative fee (Note 5) | 24,640 |
Payable for Directors’/Trustees’ fees (Note 5) | 12,025 |
Payable for other service fees (Notes 2 and 5) | 61,438 |
Accrued expenses (Note 5) | 56,822 |
Total Liabilities | 40,596,815 |
Net assets for 11,539,757,038 shares outstanding | $11,539,518,058 |
Net Assets Consist of: | |
Paid-in capital | $11,543,492,183 |
Total distributable earnings (loss) | (3,974,125) |
Total Net Assets | $11,539,518,058 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$11,113,751,626 ÷ 11,113,980,185 shares outstanding, no par value, unlimited shares authorized | $1.0000 |
Service Shares: | |
$416,829,592 ÷ 416,839,396 shares outstanding, no par value, unlimited shares authorized | $1.0000 |
Capital Shares: | |
$8,936,840 ÷ 8,937,457 shares outstanding, no par value, unlimited shares authorized | $0.9999 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended January 31, 2023 (unaudited)
Investment Income: | |
Dividends received from affiliated holdings* | $179,922,664 |
Interest | 860,159 |
TOTAL INCOME | 180,782,823 |
Expenses: | |
Investment adviser fee (Note 5) | 10,791,683 |
Administrative fee (Note 5) | 4,224,953 |
Custodian fees | 149,993 |
Transfer agent fees | 44,793 |
Directors’/Trustees’ fees (Note 5) | 29,535 |
Auditing fees | 13,290 |
Legal fees | 5,145 |
Portfolio accounting fees | 110,551 |
Other service fees (Notes 2 and 5) | 483,270 |
Share registration costs | 84,531 |
Printing and postage | 19,988 |
Miscellaneous (Note 5) | 123,527 |
TOTAL EXPENSES | 16,081,259 |
Waiver and Reimbursements: | |
Waiver/reimbursement of investment adviser fee (Note 5) | (10,791,683) |
Reimbursement of other operating expenses (Notes 2 and 5) | (4,735,381) |
TOTAL WAIVER AND REIMBURSEMENTS | (15,527,064) |
Net expenses | 554,195 |
Net investment income | 180,228,628 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized gain on investments in an affiliated holding* | 630,765 |
Net change in unrealized depreciation of investments in an affiliated holding* | 4,982,829 |
Net realized and unrealized gain (loss) on investments | 5,613,594 |
Change in net assets resulting from operations | $185,842,222 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended 7/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $180,228,628 | $34,665,085 |
Net realized gain (loss) | 630,765 | (1,328,799) |
Net change in unrealized appreciation/depreciation | 4,982,829 | (6,111,897) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 185,842,222 | 27,224,389 |
Distributions to Shareholders: | ||
Institutional Shares | (174,150,364) | (34,900,178) |
Service Shares | (5,945,970) | (972,903) |
Capital Shares | (146,290) | (35,840) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (180,242,624) | (35,908,921) |
Share Transactions: | ||
Proceeds from sale of shares | 21,309,160,653 | 38,690,164,420 |
Net asset value of shares issued to shareholders in payment of distributions declared | 55,319,705 | 10,482,549 |
Cost of shares redeemed | (20,158,907,114) | (41,207,066,452) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 1,205,573,244 | (2,506,419,483) |
Change in net assets | 1,211,172,842 | (2,515,104,015) |
Net Assets: | ||
Beginning of period | 10,328,345,216 | 12,843,449,231 |
End of period | $11,539,518,058 | $10,328,345,216 |
Other Service Fees Incurred | |
Service Shares | $478,783 |
Capital Shares | 4,487 |
TOTAL | $483,270 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 21,053,175,539 | $21,045,388,899 | 38,562,278,787 | $38,557,456,148 |
Shares issued to shareholders in payment of distributions declared | 49,342,829 | 49,330,136 | 9,493,387 | 9,489,444 |
Shares redeemed | (19,940,589,021) | (19,933,269,013) | (40,735,979,904) | (40,732,381,207) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | 1,161,929,347 | $1,161,450,022 | (2,164,207,730) | $(2,165,435,615) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 261,781,882 | $261,697,514 | 127,450,141 | $127,416,583 |
Shares issued to shareholders in payment of distributions declared | 5,845,092 | 5,843,498 | 957,705 | 957,294 |
Shares redeemed | (223,491,086) | (223,408,022) | (457,418,370) | (457,394,097) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | 44,135,888 | $44,132,990 | (329,010,524) | $(329,020,220) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,075,565 | $2,074,240 | 5,292,088 | $5,291,689 |
Shares issued to shareholders in payment of distributions declared | 146,126 | 146,071 | 35,826 | 35,811 |
Shares redeemed | (2,231,042) | (2,230,079) | (17,295,855) | (17,291,148) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (9,351) | $(9,768) | (11,967,941) | $(11,963,648) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 1,206,055,884 | $1,205,573,244 | (2,505,186,195) | $(2,506,419,483) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2022 | Ending Account Value 1/31/2023 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,017.50 | $—2 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,025.21 | $—2 |
1 | Expenses are equal to the Fund’s annualized net expense ratio of 0.00%, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). |
2 | Actual and Hypothetical expenses paid during the period utilizing the Fund’s Institutional Shares current Fee Limit of 0.20% (as reflected in the Notes to Financial Statements, Note 5 under Expense Limitation), multiplied by the average account value over the period, multiplied by 184/365 (to reflect expenses paid as if they had been in effect throughout the most recent one-half-year period) would be $1.02 and $1.02, respectively. |
Security Type | Percentage of Total Net Assets |
Other Repurchase Agreements and Repurchase Agreements | 36.1% |
Variable Rate Instruments | 34.1% |
Bank Instruments | 15.5% |
Commercial Paper | 9.4% |
U.S. Treasury Securities | 5.0% |
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 security types. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days2 | 82.8% |
8-30 Days | 6.1% |
31-90 Days | 2.9% |
91-180 Days | 6.7% |
181 Days or more | 1.6% |
Other Assets and Liabilities—Net3 | (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 | Overnight securities comprised 34.0% of the Fund’s portfolio. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— 34.1% | ||
Aerospace/Auto— 0.1% | |||
$ 20,000,000 | Toyota Motor Credit Corp., (Toyota Motor Corp. Support Agreement), 4.670% (SOFR +0.370%), 2/1/2023 | $ 20,000,000 | |
Finance - Banking— 29.9% | |||
47,500,000 | Australia & New Zealand Banking Group, Melbourne, 4.650% (SOFR +0.350%), 2/1/2023 | 47,500,000 | |
23,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.650% (SOFR +0.350%), 2/1/2023 | 22,999,995 | |
27,500,000 | Australia & New Zealand Banking Group, Melbourne, 4.680% (SOFR +0.380%), 2/1/2023 | 27,509,708 | |
30,000,000 | Bank of Montreal, 4.860% (SOFR +0.560%), 2/1/2023 | 30,035,207 | |
60,000,000 | Bank of Montreal, 4.950% (SOFR +0.650%), 2/1/2023 | 59,688,403 | |
110,000,000 | Bank of Montreal, 5.000% (SOFR +0.700%), 2/1/2023 | 110,000,000 | |
60,000,000 | Bank of Montreal, 5.000% (SOFR +0.700%), 2/1/2023 | 60,158,696 | |
50,000,000 | Bank of Nova Scotia, Toronto, 4.740% (SOFR +0.440%), 2/1/2023 | 50,021,235 | |
25,000,000 | Bank of Nova Scotia, Toronto, 4.800% (SOFR +0.500%), 2/1/2023 | 25,021,438 | |
100,000,000 | Bank of Nova Scotia, Toronto, 4.800% (SOFR +0.500%), 2/1/2023 | 100,162,188 | |
20,000,000 | Bank of Nova Scotia, Toronto, 4.830% (SOFR +0.530%), 2/1/2023 | 20,000,000 | |
35,000,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 35,042,896 | |
43,500,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 43,554,955 | |
20,000,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 20,025,946 | |
23,500,000 | Bank of Nova Scotia, Toronto, 4.850% (SOFR +0.550%), 2/1/2023 | 23,529,425 | |
22,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 22,031,384 | |
10,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 10,014,511 | |
50,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 50,086,470 | |
100,000,000 | Bank of Nova Scotia, Toronto, 4.900% (SOFR +0.600%), 2/1/2023 | 100,000,000 | |
125,000,000 | Bank of Nova Scotia, Toronto, 4.970% (SOFR +0.670%), 2/1/2023 | 125,222,681 | |
24,000,000 | Bedford Row Funding Corp., (Royal Bank of Canada GTD), 4.630% (SOFR +0.330%), 2/1/2023 | 24,006,734 | |
50,000,000 | Bedford Row Funding Corp., (Royal Bank of Canada GTD), 4.820% (SOFR +0.520%), 2/1/2023 | 50,000,000 | |
54,000,000 | Canadian Imperial Bank of Commerce, 4.800% (SOFR +0.500%), 2/1/2023 | 54,053,273 | |
120,000,000 | Canadian Imperial Bank of Commerce, 4.800% (SOFR +0.500%), 2/1/2023 | 120,114,742 | |
120,000,000 | Canadian Imperial Bank of Commerce, 4.850% (SOFR +0.550%), 2/1/2023 | 120,168,700 | |
50,000,000 | Canadian Imperial Holdings, Inc., 4.820% (SOFR +0.520%), 2/1/2023 | 50,057,288 | |
95,000,000 | Citibank N.A., New York, 4.720% (SOFR +0.420%), 2/1/2023 | 95,038,795 |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 186,000,000 | Citibank N.A., New York, 4.720% (SOFR +0.420%), 2/1/2023 | $ 186,075,711 | |
100,000,000 | Citibank N.A., New York, 4.770% (SOFR +0.470%), 2/1/2023 | 100,086,828 | |
9,900,000 | City Furniture, Inc., (Wells Fargo Bank, N.A. LOC), 4.530%, 2/2/2023 | 9,900,000 | |
15,000,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 4.730% (SOFR +0.430%), 2/1/2023 | 15,009,267 | |
47,500,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 4.750% (SOFR +0.450%), 2/1/2023 | 47,500,000 | |
20,500,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.670% (SOFR +0.370%), 2/1/2023 | 20,500,000 | |
50,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.800% (SOFR +0.500%), 2/1/2023 | 50,000,000 | |
50,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 4.810% (SOFR +0.510%), 2/1/2023 | 50,000,000 | |
45,000,000 | Commonwealth Bank of Australia, 4.730% (SOFR +0.430%), 2/1/2023 | 45,000,000 | |
50,000,000 | Commonwealth Bank of Australia, 4.800% (SOFR +0.500%), 2/1/2023 | 50,000,000 | |
25,000,000 | Commonwealth Bank of Australia, 4.840% (SOFR +0.540%), 2/1/2023 | 25,000,000 | |
16,700,000 | Greene County Development Authority, Reynolds Lodge, LLC Series 2000B, (U.S. Bank, N.A. LOC), 4.450%, 2/1/2023 | 16,700,000 | |
3,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project 2013A, (Bank of America N.A. LOC), 4.400%, 2/2/2023 | 3,000,000 | |
7,000,000 | Griffin-Spalding County, GA Development Authority, Norcom, Inc. Project, (Bank of America N.A. LOC), 4.400%, 2/2/2023 | 7,000,000 | |
7,595,000 | Gulf Gate Apartments LLC, Series 2003, (Wells Fargo Bank, N.A. LOC), 4.510%, 2/2/2023 | 7,595,000 | |
11,755,000 | Hamilton Station Park and Ride, Series 2005, (Wells Fargo Bank, N.A. LOC), 4.510%, 2/2/2023 | 11,755,000 | |
9,000,000 | Michael Dennis Sullivan Irrevocable Trust, (Wells Fargo Bank, N.A. LOC), 4.400%, 2/2/2023 | 9,000,000 | |
100,000,000 | Mizuho Bank Ltd., 4.860% (SOFR +0.560%), 2/1/2023 | 100,000,000 | |
32,500,000 | MUFG Bank Ltd., 4.700% (SOFR +0.400%), 2/1/2023 | 32,511,243 | |
55,950,000 | MUFG Bank Ltd., 4.790% (SOFR +0.490%), 2/1/2023 | 55,950,552 | |
71,500,000 | MUFG Bank Ltd., 4.850% (SOFR +0.550%), 2/1/2023 | 71,500,000 | |
50,000,000 | National Australia Bank Ltd., Melbourne, 4.700% (SOFR +0.400%), 2/1/2023 | 50,000,000 | |
37,500,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 37,500,000 | |
45,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 45,040,732 | |
84,000,000 | National Australia Bank Ltd., Melbourne, 4.750% (SOFR +0.450%), 2/1/2023 | 84,069,077 | |
22,500,000 | National Australia Bank Ltd., Melbourne, 4.840% (SOFR +0.540%), 2/1/2023 | 22,523,148 |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 96,500,000 | National Australia Bank Ltd., Melbourne, 4.860% (SOFR +0.560%), 2/1/2023 | $ 96,650,344 | |
50,000,000 | Nordea Bank Abp, 4.540% (SOFR +0.240%), 2/1/2023 | 50,011,608 | |
12,500,000 | Nordea Bank Abp, 4.550% (SOFR +0.250%), 2/1/2023 | 12,500,799 | |
36,000,000 | Nordea Bank Abp, 4.740% (SOFR +0.440%), 2/1/2023 | 36,031,199 | |
40,000,000 | Nordea Bank Abp, 4.800% (SOFR +0.500%), 2/1/2023 | 40,000,000 | |
34,000,000 | Nuveen Floating Rate Income Fund, (Series A), (Sumitomo Mitsui Banking Corp. LOC), 4.620%, 2/2/2023 | 34,000,000 | |
3,115,000 | Public Building Corp., Springfield, MO, Jordan Valley Ice Park, Series 2003, (U.S. Bank, N.A. LOC), 4.450%, 2/2/2023 | 3,115,000 | |
50,000,000 | 2 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 4.700% (SOFR +0.400%), 2/1/2023 | 50,000,000 |
35,000,000 | Ridgefield Funding Company, LLC Series A, (BNP Paribas SA COL), 4.750% (SOFR +0.450%), 2/1/2023 | 35,000,000 | |
150,000,000 | Royal Bank of Canada, 4.850% (SOFR +0.550%), 2/1/2023 | 150,134,487 | |
62,500,000 | Royal Bank of Canada, 5.050% (SOFR +0.750%), 2/1/2023 | 62,633,697 | |
35,000,000 | Royal Bank of Canada, New York Branch, 4.870% (SOFR +0.570%), 2/1/2023 | 35,059,341 | |
95,000,000 | Royal Bank of Canada, New York Branch, 4.880% (SOFR +0.580%), 2/1/2023 | 95,152,727 | |
18,965,000 | Salem Green, LLP, Salem Green Apartments Project, Series 2010, (Wells Fargo Bank, N.A. LOC), 4.510%, 2/2/2023 | 18,965,000 | |
300,000,000 | Sumitomo Mitsui Trust Bank Ltd., 4.740% (SOFR +0.440%), 2/1/2023 | 300,000,000 | |
130,500,000 | Svenska Handelsbanken, Stockholm, 4.650% (SOFR +0.350%), 2/1/2023 | 130,500,000 | |
125,000,000 | Svenska Handelsbanken, Stockholm, 4.860% (SOFR +0.560%), 2/1/2023 | 125,000,000 | |
80,295,470 | Taxable Tender Option Bond Trust 2021-MIZ9060TX, (Series 2021-MIZ9060TX) VRDNs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.590%, 2/1/2023 | 80,295,470 | |
10,000,000 | Taxable Tender Option Bond Trust 2021-MIZ9075TX, (Series MIZ-9075TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.590%, 2/1/2023 | 10,000,000 | |
3,534,874 | Taxable Tender Option Bond Trust 2021-MIZ9077TX, (Series 2021-MIZ9077TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.590%, 2/1/2023 | 3,534,874 | |
2,207,606 | Taxable Tender Option Bond Trust 2021-MIZ9078TX, (Series 2021-MIZ9078TX) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.590%, 2/1/2023 | 2,207,606 | |
17,500,000 | Toronto Dominion Bank, 4.880% (SOFR +0.580%), 2/1/2023 | 17,536,905 | |
27,500,000 | Toronto Dominion Bank, 4.880% (SOFR +0.580%), 2/1/2023 | 27,541,573 | |
60,000,000 | Triborough Bridge & Tunnel Authority, NY, (Series E Taxable) Weekly VRDNs, (UBS AG LOC), 4.350%, 2/2/2023 | 60,000,000 |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— continued | ||
Finance - Banking— continued | |||
$ 7,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.700% (SOFR +0.400%), 2/1/2023 | $ 7,003,972 | |
99,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.750% (SOFR +0.450%), 2/1/2023 | 99,000,000 | |
150,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.750% (SOFR +0.450%), 2/1/2023 | 150,000,000 | |
40,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.800% (SOFR +0.500%), 2/1/2023 | 40,000,000 | |
136,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.800% (SOFR +0.500%), 2/1/2023 | 136,000,000 | |
45,000,000 | Westpac Banking Corp. Ltd., Sydney, 4.840% (SOFR +0.540%), 2/1/2023 | 45,056,750 | |
22,500,000 | Westpac Banking Corp. Ltd., Sydney, 4.840% (SOFR +0.540%), 2/1/2023 | 22,530,451 | |
5,870,000 | Yeshivas Novominsk, Series 2008, (TD Bank, N.A. LOC), 4.570%, 2/2/2023 | 5,870,000 | |
TOTAL | 4,630,593,031 | ||
Finance - Retail— 2.4% | |||
10,000,000 | Chariot Funding LLC, 4.660% (SOFR +0.360%), 2/1/2023 | 10,000,000 | |
45,000,000 | Chariot Funding LLC, 4.850% (SOFR +0.550%), 2/1/2023 | 45,000,000 | |
45,000,000 | Fairway Finance Co. LLC, 4.700% (SOFR +0.400%), 2/1/2023 | 45,000,000 | |
61,750,000 | Old Line Funding, LLC, 4.700% (SOFR +0.400%), 2/1/2023 | 61,750,000 | |
47,500,000 | Old Line Funding, LLC, 4.760% (SOFR +0.460%), 2/1/2023 | 47,500,000 | |
42,500,000 | Old Line Funding, LLC, 4.800% (SOFR +0.500%), 2/1/2023 | 42,500,000 | |
40,000,000 | Old Line Funding, LLC, 4.820% (SOFR +0.520%), 2/1/2023 | 40,000,000 | |
45,000,000 | Old Line Funding, LLC, 4.870% (SOFR +0.570%), 2/1/2023 | 45,032,735 | |
25,000,000 | Thunder Bay Funding, LLC, 4.730% (SOFR +0.430%), 2/1/2023 | 25,000,000 | |
TOTAL | 361,782,735 | ||
Government Agency— 1.7% | |||
�� 12,785,000 | 1320 W Jefferson LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/1/2023 | 12,785,000 | |
51,450,000 | Archer 1 LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 51,450,000 | |
9,015,000 | Austen Children’s Gift Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 9,015,000 | |
6,830,000 | Baker Life Insurance Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 6,830,000 | |
34,850,000 | BWF Forge TL Properties Owner LLC, (Federal Home Loan Bank of Des Moines LOC)/(Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 34,850,000 | |
5,705,000 | Catania Family Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 5,705,000 | |
4,270,000 | Jim Brooks Irrevocable Trust, (Federal Home Loan Bank of Dallas LOC), 4.390%, 2/2/2023 | 4,270,000 |
Principal Amount | Value | ||
1 | NOTES - VARIABLE— continued | ||
Government Agency— continued | |||
$ 11,570,000 | Joseph L. Goggins Irrevocable Insurance Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | $ 11,570,000 | |
3,655,000 | Karyn Brooks Descendants Trust, (Federal Home Loan Bank of Dallas LOC), 4.390%, 2/2/2023 | 3,655,000 | |
6,380,000 | MHF DKF Insurance Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/1/2023 | 6,380,000 | |
17,030,000 | Mohr Green Associates L.P., 2012-A, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 17,030,000 | |
22,610,000 | NWD 2017 Family Trust No. 1, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 22,610,000 | |
9,080,000 | Park Stanton Place LP, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/2/2023 | 9,080,000 | |
2,205,000 | Plaza Fitzsimons Owner, LLC, (Federal Home Loan Bank of San Francisco LOC), 4.400%, 2/1/2023 | 2,205,000 | |
5,010,000 | R.J. Brooks Jr. Irrevocable Trust, (Federal Home Loan Bank of Dallas LOC), 4.390%, 2/2/2023 | 5,010,000 | |
6,980,000 | RK Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 6,980,000 | |
3,500,000 | Rohnert Park 668, L.P., (Federal Home Loan Bank of San Francisco LOC), 4.813%, 2/2/2023 | 3,500,000 | |
6,255,000 | Sibley Family Irrevocable Insurance Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 6,255,000 | |
6,610,000 | The CLC Irrevocable Insurance Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/2/2023 | 6,610,000 | |
5,120,000 | The Eugene Kim Irrevocable Life Insurance Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 5,120,000 | |
22,830,000 | The Gregory P. Berry Trust, (Federal Home Loan Bank of Des Moines LOC), 4.400%, 2/1/2023 | 22,830,000 | |
5,740,000 | The Leopold Family Insurance Trust, (Federal Home Loan Bank of Dallas LOC), 4.400%, 2/2/2023 | 5,740,000 | |
5,975,000 | The Thompson 2018 Family Trust, (Federal Home Loan Bank of Dallas LOC), 4.390%, 2/2/2023 | 5,975,000 | |
TOTAL | 265,455,000 | ||
TOTAL NOTES - VARIABLE (IDENTIFIED COST $5,275,593,417) | 5,277,830,766 | ||
3 | COMMERCIAL PAPER— 9.4% | ||
Finance - Banking— 5.9% | |||
10,000,000 | Albion Capital LLC, (MUFG Bank Ltd. LIQ), 4.535%, 2/16/2023 | 9,981,167 | |
195,000,000 | Anglesea Funding LLC, 4.383% - 5.034%, 2/1/2023 - 7/19/2023 | 193,954,172 | |
60,000,000 | Bank of Montreal, 2.800%, 5/9/2023 | 60,000,000 | |
40,000,000 | Canadian Imperial Bank of Commerce, 2.069%, 3/20/2023 | 39,760,107 | |
50,000,000 | Collateralized Commercial Paper FLEX Co., LLC, (J.P. Morgan Securities LLC COL), 5.055%, 7/24/2023 | 48,807,616 | |
21,000,000 | Collateralized Commercial Paper V Co. LLC, (J.P. Morgan Securities LLC COL), 5.055%, 7/24/2023 | 20,499,199 |
Principal Amount | Value | ||
3 | COMMERCIAL PAPER— continued | ||
Finance - Banking— continued | |||
$ 200,000,000 | DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 5.034%, 7/25/2023 | $ 195,239,028 | |
70,000,000 | Gotham Funding Corp., (MUFG Bank Ltd. LIQ), 4.823%, 5/5/2023 | 69,137,106 | |
22,000,000 | National Australia Bank Ltd., Melbourne, 3.843%, 6/15/2023 | 21,599,050 | |
89,500,000 | Royal Bank of Canada, 2.229% - 4.050%, 3/29/2023 - 8/23/2023 | 87,528,070 | |
122,000,000 | Toronto Dominion Bank, 2.903%, 5/31/2023 | 120,098,426 | |
55,000,000 | Victory Receivables Corp., (MUFG Bank Ltd. LIQ), 4.809%, 4/17/2023 | 54,451,491 | |
TOTAL | 921,055,432 | ||
Finance - Retail— 0.4% | |||
7,500,000 | Fairway Finance Co. LLC, 5.043%, 7/24/2023 | 7,318,967 | |
50,000,000 | Thunder Bay Funding, LLC, 5.091%, 8/2/2023 | 48,746,222 | |
TOTAL | 56,065,189 | ||
Insurance— 1.9% | |||
300,000,000 | UnitedHealth Group, Inc., 4.323%, 2/1/2023 | 300,000,000 | |
Oil & Oil Finance— 0.3% | |||
42,400,000 | TotalEnergies Capital Canada Ltd., 4.351%, 2/3/2023 | 42,389,777 | |
Sovereign— 0.9% | |||
115,000,000 | BNG Bank N.V., 4.341% - 4.553%, 2/1/2023 - 2/27/2023 | 114,754,354 | |
30,000,000 | Export Development Canada, (Canada, Government of SUB), 5.203%, 11/9/2023 | 28,829,167 | |
TOTAL | 143,583,521 | ||
TOTAL COMMERCIAL PAPER (IDENTIFIED COST $1,464,607,005) | 1,463,093,919 | ||
CERTIFICATES OF DEPOSIT— 9.1% | |||
Finance - Banking— 9.1% | |||
66,500,000 | Bank of Montreal, 2.850% - 5.470%, 5/24/2023 - 1/8/2024 | 66,435,127 | |
325,000,000 | Credit Agricole Corporate and Investment Bank, 4.310% - 4.490%, 2/1/2023 - 2/7/2023 | 325,000,000 | |
335,500,000 | Mizuho Bank Ltd., 4.360% - 4.810%, 2/1/2023 - 5/4/2023 | 335,504,067 | |
406,500,000 | Sumitomo Mitsui Trust Bank Ltd., 4.770% - 4.830%, 4/13/2023 - 5/16/2023 | 406,541,672 | |
205,000,000 | Toronto Dominion Bank, 2.800% - 4.070%, 5/5/2023 - 7/18/2023 | 203,882,621 | |
70,000,000 | Toronto Dominion Bank, 5.250%, 1/25/2024 | 70,006,090 | |
TOTAL CERTIFICATES OF DEPOSIT (IDENTIFIED COST $1,408,499,723) | 1,407,369,577 | ||
TIME DEPOSITS— 6.4% | |||
Finance - Banking— 6.4% | |||
770,000,000 | ABN Amro Bank NV, 4.330% - 4.510%, 2/1/2023 - 2/7/2023 | 770,000,000 | |
125,000,000 | Australia & New Zealand Banking Group, Melbourne, 4.360%, 2/3/2023 | 125,000,000 |
Principal Amount | Value | ||
TIME DEPOSITS— continued | |||
Finance - Banking— continued | |||
$ 100,000,000 | Mizuho Bank Ltd., 4.320%, 2/1/2023 | $ 100,000,000 | |
TOTAL TIME DEPOSITS (IDENTIFIED COST $995,000,000) | 995,000,000 | ||
U.S. TREASURY— 5.0% | |||
U.S. Treasury Bills— 4.7% | |||
730,000,000 | United States Treasury Bill, 4.490%, 2/23/2023 | 727,996,960 | |
U.S. Treasury Notes— 0.3% | |||
50,000,000 | 1 | United States Treasury Floating Rate Notes, 4.682% (91-day T-Bill +0.034%), 2/7/2023 | 50,026,920 |
TOTAL U.S. TREASURY (IDENTIFIED COST $777,997,938) | 778,023,880 | ||
OTHER REPURCHASE AGREEMENTS— 16.8% | |||
Finance - Banking— 16.8% | |||
288,625,000 | BNP Paribas S.A., 4.40%, dated 1/31/2023, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,042,778 on 02/01/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term note and sovereign debt with a market value of $358,110,649 have been received as collateral and held with BNY Mellon as tri-party agent. | 288,625,000 | |
60,000,000 | BofA Securities, Inc., 4.39%, dated 1/31/2023, interest in a $75,000,000 collateralized loan agreement will repurchase securities provided as collateral for $75,009,146 on 02/03/2023, in which corporate bonds with a market value of $76,509,399 have been received as collateral and held with BNY Mellon as tri-party agent. | 60,000,000 | |
100,000,000 | BofA Securities, Inc., 5.19%, dated 9/4/2020, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $101,297,500 on 5/4/2023, in which American depositary receipts, convertible bonds, exchange-traded funds and sovereign debt with a market value of $102,405,932 have been received as collateral and held with BNY Mellon as tri-party agent. | 100,000,000 | |
150,000,000 | BofA Securities, Inc., 4.66%, dated 12/13/2022, interest in a $165,000,000 collateralized loan agreement will repurchase securities provided as collateral for $165,149,508 on 2/10/2023, in which corporate bonds and medium-term note with a market value of $168,321,047 have been received as collateral and held with BNY Mellon as tri-party agent. | 150,000,000 | |
200,000,000 | BofA Securities, Inc., 5.11%, dated 12/6/2022, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $226,117,813 on 2/10/2023, in which asset-backed securities and collateralized mortgage obligations with a market value of $229,530,919 have been received as collateral and held with BNY Mellon as tri-party agent. | 200,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 250,000,000 | BofA Securities, Inc., 5.19%, dated 9/9/2020, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $253,243,750 on 5/4/2023, in which American depositary receipt, asset-backed securities, corporate bond, convertible bonds and medium-term with a market value of $256,014,831 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 250,000,000 | |
125,000,000 | Credit Agricole S.A., 4.72%, dated 6/24/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,275,333 on 2/10/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations and sovereign debt with a market value of $306,126,468 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
280,000,000 | Credit Agricole S.A., 4.62%, dated 6/24/2022, interest in a $800,000,000 collateralized loan agreement will repurchase securities provided as collateral for $800,718,667 on 2/10/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term note and sovereign debt with a market value of $816,155,252 have been received as collateral and held with BNY Mellon as tri-party agent. | 280,000,000 | |
45,000,000 | HSBC Securities (USA), Inc., 4.42%, dated 1/31/2023, interest in a $245,000,000 collateralized loan agreement will repurchase securities provided as collateral for $245,030,081 on 2/01/2023, in which corporate bonds, medium-term notes and Sovereign debt with a market value of $249,900,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 45,000,000 | |
44,625,000 | ING Financial Markets LLC, 4.39%, dated 1/31/2023, interest in a $50,000,000 collateralized loan agreement will repurchase securities provided as collateral for $50,006,097 on 2/1/2023, in which corporate bonds, medium-term note and sovereign debt with a market value of $51,006,594 have been received as collateral and held with BNY Mellon as tri-party agent. | 44,625,000 | |
65,000,000 | J.P. Morgan Securities LLC, 4.82%, dated 1/23/2023, interest in a $250,000,000 collateralized loan agreement will repurchase securities provided as collateral for $251,004,167 on 02/22/2023, in which asset-backed securities, collateralized mortgage obligation, corporate bonds, medium-term notes and Sovereign debt with a market value of $255,000,000 have been received as collateral and held with BNY Mellon as tri-party agent. | 65,000,000 | |
50,000,000 | Mizuho Securities USA, Inc., 4.42%, dated 1/31/2023, interest in a $100,000,000 collateralized loan agreement will repurchase securities provided as collateral for $100,012,278 on 2/01/2023, in which asset-backed securities and corporate bonds with a market value of $102,012,524 have been received as collateral and held with BNY Mellon as tri-party agent. | 50,000,000 |
Principal Amount | Value | ||
OTHER REPURCHASE AGREEMENTS— continued | |||
Finance - Banking— continued | |||
$ 85,000,000 | Mizuho Securities USA, Inc., 4.47%, dated 1/31/2023, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,018,625 on 2/01/2023, in which common stocks with a market value of $153,019,001 have been received as collateral and held with BNY Mellon as tri-party agent. | $ 85,000,000 | |
78,625,000 | Mitsubishi UFG Securities Americas, Inc., 4.47%, dated 1/31/2023, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,037,250 on 2/1/2023, in which American depositary receipts, common stocks, corporate bonds, exchange-traded funds, unit investment trust and municipal bonds with a market value of $306,038,896 have been received as collateral and held with BNY Mellon as tri-party agent. | 78,625,000 | |
135,000,000 | Pershing LLC, 4.82%, dated 7/14/2022, interest in a $300,000,000 collateralized loan agreement will repurchase securities provided as collateral for $300,281,167 on 2/10/2023, in which asset-backed securities, collateralized mortgage obligations, corporate bonds, commercial paper, common stocks, convertible bond, certificate deposit, exchange-traded funds, medium-term notes, municipal bonds, mutual funds and sovereign debt of with a market value of $306,038,845 have been received as collateral and held with BNY Mellon as tri-party agent. | 135,000,000 | |
125,000,000 | Societe Generale, Paris, 4.38%, dated 1/31/2023, interest in a $350,000,000 collateralized loan agreement will repurchase securities provided as collateral for $350,042,583 on 2/1/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations, medium-term note and sovereign debt with a market value of $357,246,293 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
300,625,000 | Societe Generale, Paris, 4.47%, dated 1/31/2023, interest in a $650,000,000 collateralized loan agreement will repurchase securities provided as collateral for $650,080,708 on 2/1/2023, in which asset-backed securities, corporate bonds, collateralized mortgage obligations and medium-term with a market value of $663,082,322 have been received as collateral and held with BNY Mellon as tri-party agent. | 300,625,000 | |
86,150,000 | Standard Chartered Bank, 4.38%, dated 1/31/2023, interest in a $150,000,000 collateralized loan agreement will repurchase securities provided as collateral for $150,018,250 on 2/1/2023, in which treasury bonds and treasury notes with a market value of $153,018,623 have been received as collateral and held with BNY Mellon as tri-party agent. | 86,150,000 | |
125,000,000 | Wells Fargo Securities LLC, 5.17%, dated 2/3/2022, interest in a $125,000,000 collateralized loan agreement will repurchase securities provided as collateral for $126,633,576 on 04/10/2023, in which certificate of deposit with a market value of $127,921,140 have been received as collateral and held with BNY Mellon as tri-party agent. | 125,000,000 | |
TOTAL OTHER REPURCHASE AGREEMENTS (IDENTIFIED COST $2,593,650,000) | 2,593,650,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— 19.3% | |||
Finance - Banking— 19.3% | |||
$2,000,000,000 | Interest in $2,000,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Federal Reserve Bank of New York will repurchase securities provided as collateral for $2,000,238,889 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2040 and the market value of those underlying securities was $2,000,238,961. | $ 2,000,000,000 | |
484,000,000 | Interest in $2,000,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $2,000,238,889 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 10/20/2052 and the market value of those underlying securities was $2,040,243,667. | 484,000,000 | |
500,000,000 | Interest in $1,650,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Mitsubishi UFJ Securities (USA), Inc. will repurchase securities provided as collateral for $1,650,197,083 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to 2/1/2053 and the market value of those underlying securities was $1,683,201,025. | 500,000,000 | |
TOTAL REPURCHASE AGREEMENTS (IDENTIFIED COST $2,984,000,000) | 2,984,000,000 | ||
TOTAL INVESTMENT IN SECURITIES—100.1% (IDENTIFIED COST $15,499,348,083)4 | 15,498,968,142 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.1)%5 | (16,530,121) | ||
TOTAL NET ASSETS—100% | $15,482,438,021 |
1 | Floating/variable note with current rate and current maturity or next reset date shown. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or availing of an exemption from registration, under the Securities Act of 1933; or (b) is subject to a contractual restriction on public sales. At January 31, 2023, these restricted securities amounted to $50,000,000, which represented 0.3% of total net assets. |
3 | Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. |
4 | Also represents cost of investments for federal tax purposes. |
5 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
COL | —Collateralized | |
GTD | —Guaranteed | |
LIQ | —Liquidity Agreement | |
LLP | —Limited Liability Partnership | |
LOC | —Letter of Credit | |
MHF | —Maryland Housing Fund | |
SOFR | —Secured Overnight Financing Rate | |
VRDNs | —Variable Rate Demand Notes |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $0.9998 | $1.0005 | $1.0007 | $1.0004 | $1.0003 | $1.0003 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.01681 | 0.00371 | 0.0008 | 0.0136 | 0.0239 | 0.0156 |
Net realized and unrealized gain (loss) | 0.0005 | (0.0008) | (0.0002) | 0.0003 | 0.0001 | 0.00002 |
Total From Investment Operations | 0.0173 | 0.0029 | 0.0006 | 0.0139 | 0.0240 | 0.0156 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0168) | (0.0036) | (0.0008) | (0.0136) | (0.0239) | (0.0156) |
Net Asset Value, End of Period | $1.0003 | $0.9998 | $1.0005 | $1.0007 | $1.0004 | $1.0003 |
Total Return3 | 1.75% | 0.29% | 0.05% | 1.39% | 2.43% | 1.57% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.18%5 | 0.16% | 0.15% | 0.15% | 0.15% | 0.17% |
Net investment income | 3.34%5 | 0.38% | 0.08% | 1.37% | 2.41% | 1.62% |
Expense waiver/ reimbursement6 | 0.10%5 | 0.12% | 0.13% | 0.13% | 0.13% | 0.12% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $15,470,601 | $14,232,133 | $15,298,656 | $23,611,390 | $21,146,776 | $10,941,508 |
1 | Per share numbers have been calculated using the average shares method. |
2 | Represents less than $0.0001. |
3 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
January 31, 2023 (unaudited)
Assets: | |
Investment in repurchase agreements and other repurchase agreements | $5,577,650,000 |
Investment in securities | 9,921,318,142 |
Investment in securities, at value (identified cost $15,499,348,083) | 15,498,968,142 |
Cash | 491,777 |
Income receivable | 29,017,806 |
Total Assets | 15,528,477,725 |
Liabilities: | |
Income distribution payable | 45,750,094 |
Payable for investment adviser fee (Note 5) | 42,247 |
Payable for administrative fee (Note 5) | 33,189 |
Payable for Directors’/Trustees’ fees (Note 5) | 16,053 |
Accrued expenses (Note 5) | 198,121 |
Total Liabilities | 46,039,704 |
Net assets for 15,478,355,007 shares outstanding | $15,482,438,021 |
Net Assets Consist of: | |
Paid-in capital | $15,484,239,807 |
Total distributable earnings (loss) | (1,801,786) |
Total Net Assets | $15,482,438,021 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$15,470,601,344 ÷ 15,466,521,335 shares outstanding, no par value, unlimited shares authorized | $1.0003 |
Service Shares: | |
$11,836,577 ÷ 11,833,572 shares outstanding, no par value, unlimited shares authorized | $1.0003 |
Capital Shares: | |
$100 ÷ 100 shares outstanding, no par value, unlimited shares authorized | $0.9999* |
* | Actual net asset value per share presented differs from calculated net asset value per share due to rounding. |
Six Months Ended January 31, 2023 (unaudited)
Investment Income: | |
Interest | $265,938,005 |
Expenses: | |
Investment adviser fee (Note 5) | 15,074,432 |
Administrative fee (Note 5) | 5,902,297 |
Custodian fees | 219,943 |
Transfer agent fees | 34,347 |
Directors’/Trustees’ fees (Note 5) | 42,783 |
Auditing fees | 13,290 |
Legal fees | 5,143 |
Portfolio accounting fees | 114,608 |
Other service fees (Notes 2 and 5) | 15,220 |
Share registration costs | 44,589 |
Printing and postage | 11,580 |
Miscellaneous (Note 5) | 48,902 |
TOTAL EXPENSES | 21,527,134 |
Waiver of investment adviser fee (Note 5) | (7,575,602) |
Net expenses | 13,951,532 |
Net investment income | 251,986,473 |
Realized and Unrealized Gain (Loss) on Investments: | |
Net realized gain on investments | 15,265 |
Net change in unrealized depreciation of investments | 7,527,225 |
Net realized and unrealized gain (loss) on investments | 7,542,490 |
Change in net assets resulting from operations | $259,528,963 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended 7/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $251,986,473 | $50,302,148 |
Net realized gain (loss) | 15,265 | 54,512 |
Net change in unrealized appreciation/depreciation | 7,527,225 | (9,036,105) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 259,528,963 | 41,320,555 |
Distributions to Shareholders: | ||
Institutional Shares | (251,889,437) | (50,220,717) |
Service Shares | (190,848) | (41,365) |
Capital Shares | (2) | (48) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (252,080,287) | (50,262,130) |
Share Transactions: | ||
Proceeds from sale of shares | 14,824,866,983 | 24,614,918,258 |
Net asset value of shares issued to shareholders in payment of distributions declared | 46,759,820 | 8,299,365 |
Cost of shares redeemed | (13,641,483,543) | (25,705,000,012) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 1,230,143,260 | (1,081,782,389) |
Change in net assets | 1,237,591,936 | (1,090,723,964) |
Net Assets: | ||
Beginning of period | 14,244,846,085 | 15,335,570,049 |
End of period | $15,482,438,021 | $14,244,846,085 |
Other Service Fees Incurred | |
Service Shares | $15,220 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 14,716,384,823 | $14,715,204,781 | 24,232,087,166 | $24,233,003,776 |
Shares issued to shareholders in payment of distributions declared | 46,657,815 | 46,659,133 | 8,283,360 | 8,282,176 |
Shares redeemed | (13,531,863,278) | (13,530,838,430) | (25,296,641,390) | (25,298,888,431) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | 1,231,179,360 | $1,231,025,484 | (1,056,270,864) | $(1,057,602,479) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 109,666,754 | $109,662,202 | 381,843,923 | $381,914,482 |
Shares issued to shareholders in payment of distributions declared | 100,690 | 100,687 | 17,154 | 17,151 |
Shares redeemed | (110,650,802) | (110,645,113) | (401,541,566) | (401,611,014) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (883,358) | $(882,224) | (19,680,489) | $(19,679,381) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | — | $— | — | $— |
Shares issued to shareholders in payment of distributions declared | — | — | 38 | 38 |
Shares redeemed | — | — | (4,498,390) | (4,500,567) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | — | $— | (4,498,352) | $(4,500,529) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 1,230,296,002 | $1,230,143,260 | (1,080,449,705) | $(1,081,782,389) |
Short-Term | Long-Term | Total |
$1,400,723 | $— | $1,400,723 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 8/1/2022 | Ending Account Value 1/31/2023 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,017.50 | $0.92 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,024.30 | $0.92 |
1 | Expenses are equal to the Fund’s annualized net expense ratio of 0.18%, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). |
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 | Automated | TOAXX | Institutional | TOIXX | Service | TOSXX |
Capital | TOCXX | Trust | TOTXX |
Federated Hermes Treasury Obligations Fund
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Repurchase Agreements | 84.5% |
U.S. Treasury Securities | 12.2% |
Other Assets and Liabilities—Net2 | 3.3% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for a description of the types of securities in which the Fund invests. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 92.4% |
8-30 Days | 0.9% |
31-90 Days | 2.0% |
91-180 Days | 0.2% |
181 Days or more | 1.2% |
Other Assets and Liabilities—Net2 | 3.3% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
U.S. TREASURIES— 12.2% | |||
U.S. Treasury Bills—3.5% | |||
$ 460,000,000 | 1 | United States Treasury Bill, 4.490%, 2/23/2023 | $ 458,737,811 |
473,000,000 | 1 | United States Treasury Bill, 4.505%, 11/2/2023 | 456,781,748 |
1,065,000,000 | 1 | United States Treasury Bill, 4.525%, 3/9/2023 | 1,060,180,875 |
TOTAL | 1,975,700,434 | ||
U.S. Treasury Notes—8.7% | |||
250,000,000 | 2 | United States Treasury Floating Rate Notes, 4.573% (91-day T-Bill -0.075%), 2/7/2023 | 249,999,986 |
679,600,000 | 2 | United States Treasury Floating Rate Notes, 4.633% (91-day T-Bill -0.015%), 2/7/2023 | 679,845,435 |
1,216,000,000 | 2 | United States Treasury Floating Rate Notes, 4.677% (91-day T-Bill +0.029%), 2/7/2023 | 1,216,016,355 |
1,323,000,000 | 2 | United States Treasury Floating Rate Notes, 4.685% (91-day T-Bill +0.037%), 2/7/2023 | 1,322,443,479 |
685,000,000 | 2 | United States Treasury Floating Rate Notes, 4.788% (91-day T-Bill +0.140%), 2/7/2023 | 684,450,785 |
290,000,000 | 2 | United States Treasury Floating Rate Notes, 4.848% (91-day T-Bill +0.200%), 2/7/2023 | 290,000,000 |
65,000,000 | United States Treasury Note, 0.125%, 2/28/2023 | 64,926,363 | |
66,000,000 | United States Treasury Note, 0.125%, 5/31/2023 | 65,569,996 | |
50,000,000 | United States Treasury Note, 0.125%, 6/30/2023 | 49,556,631 | |
237,000,000 | United States Treasury Note, 0.375%, 10/31/2023 | 230,364,212 | |
82,535,000 | United States Treasury Note, 1.500%, 3/31/2023 | 82,517,453 | |
TOTAL | 4,935,690,695 | ||
TOTAL U.S. TREASURIES | 6,911,391,129 | ||
REPURCHASE AGREEMENTS— 84.5% | |||
188,913,500 | Interest in $188,913,500 joint repurchase agreement 4.31%, dated 1/31/2023 under which Prudential Insurance Co. of America will repurchase securities provided as collateral for $188,936,117 on 2/1/2023. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. as custodian were U.S. Treasury securities with various maturities to 8/15/2045 and the market value of those underlying securities was $192,725,442. | 188,913,500 | |
200,727,500 | Interest in $200,727,500 joint repurchase agreement 4.31%, dated 1/31/2023 under which Prudential Legacy Insurance Co. of NJ will repurchase securities provided as collateral for $200,751,532 on 2/1/2023. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. as custodian were U.S. Treasury securities with various maturities to 8/15/2045 and the market value of those underlying securities was $204,883,006. | 200,727,500 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 125,000,000 | Interest in $250,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which ING Financial Markets LLC will repurchase securities provided as collateral for $250,029,861 on 2/1/2023. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. as custodian were U.S. Treasury securities with various maturities to 2/15/2045 and the market value of those underlying securities was $261,643,867. | $ 125,000,000 | |
500,000,000 | Interest in $500,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which National Australia Bank Ltd., Melbourne will repurchase securities provided as collateral for $500,059,722 on 2/1/2023. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. as custodian were U.S. Treasury securities with various maturities to 4/30/2026 and the market value of those underlying securities was $511,030,171. | 500,000,000 | |
350,000,000 | Interest in $500,000,000 joint repurchase agreement 4.48%, dated 1/31/2023 under which Standard Chartered Bank will repurchase securities provided as collateral for $500,435,556 on 2/7/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2052 and the market value of those underlying securities was $510,063,519. | 350,000,000 | |
250,000,000 | Interest in $750,000,000 joint repurchase agreement 4.27%, dated 1/31/2023 under which Standard Chartered Bank will repurchase securities provided as collateral for $750,088,958 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2052 and the market value of those underlying securities was $765,090,746. | 250,000,000 | |
400,000,000 | Interest in $800,000,000 joint repurchase agreement 4.27%, dated 1/31/2023 under which Natixis Financial Products LLC will repurchase securities provided as collateral for $800,094,889 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/15/2052 and the market value of those underlying securities was $816,096,809. | 400,000,000 | |
750,000,000 | Interest in $800,000,000 joint repurchase agreement 4.31%, dated 1/4/2023 under which CIBC World Markets Corp. will repurchase securities provided as collateral for $802,777,556 on 2/2/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2050 and the market value of those underlying securities was $818,833,113. | 750,000,000 | |
500,000,000 | Interest in $1,000,000,000 joint repurchase agreement 4.31%, dated 1/31/2023 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $1,000,119,722 on 2/1/2023. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. as custodian were U.S. Treasury securities with various maturities to 11/15/2050 and the market value of those underlying securities was $1,024,763,148. | 500,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 312,000,000 | Interest in $3,000,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Sumitomo Mitsui Banking Corp will repurchase securities provided as collateral for $3,000,358,333 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2048 and the market value of those underlying securities was $3,060,365,506. | $ 312,000,000 | |
3,000,000,000 | Interest in $3,000,000,000 joint repurchase agreement 4.31%, dated 1/31/2023 under which Fixed Income Clearing Corp. will repurchase securities provided as collateral for $3,000,359,167 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2041 and the market value of those underlying securities was $3,060,000,000. | 3,000,000,000 | |
63,684,000 | Repurchase agreement 4.22%, dated 1/31/2023 under which BofA Securities, Inc. will repurchase a security provided as collateral for $63,691,465 on 2/1/2023. The security provided as collateral at the end of the period held with BNY Mellon as tri-party agent, was a U.S. Treasury security maturing on 11/15/2031 and the market value of that underlying security was $64,965,301. | 63,684,000 | |
450,000,000 | Repurchase agreement 4.25%, dated 1/31/2023 under which Barclays Capital, Inc. will repurchase securities provided as collateral for $450,053,125 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 1/31/2027 and the market value of those underlying securities was $459,054,226. | 450,000,000 | |
300,000,000 | Repurchase agreement 4.27%, dated 1/31/2023 under which BNP Paribas S.A. will repurchase securities provided as collateral for $300,035,583 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2051 and the market value of those underlying securities was $306,036,297. | 300,000,000 | |
200,000,000 | Repurchase agreement 4.27%, dated 1/31/2023 under which Natwest Markets Securities, Inc. will repurchase securities provided as collateral for $200,023,722 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 5/31/2029 and the market value of those underlying securities was $204,000,051. | 200,000,000 | |
250,000,000 | Repurchase agreement 4.30%, dated 1/31/2023 under which Citibank, N.A. will repurchase securities provided as collateral for $250,029,861 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 1/31/2027 and the market value of those underlying securities was $255,030,479. | 250,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$ 2,150,000,000 | Interest in a agreement 4.30%, dated 1/31/2023 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $4,150,495,694 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2032 and the market value of those underlying securities was $4,233,505,688. | $ 2,150,000,000 | |
200,000,000 | Repurchase agreement 4.30%, dated 1/31/2023 under which Credit Agricole Corporate and Investment Bank will repurchase a security provided as collateral for $200,023,889 on 2/1/2023. The security provided as collateral at the end of the period held with BNY Mellon as tri-party agent, was a U.S. Treasury security maturing on 8/15/2031 and the market value of that underlying security was $204,024,414. | 200,000,000 | |
37,500,000,000 | Repurchase agreement 4.30%, dated 1/31/2023 under which Federal Reserve Bank of New York will repurchase securities provided as collateral for $37,504,479,167 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2041 and the market value of those underlying securities was $37,504,479,189. | 37,500,000,000 | |
450,001,906 | Repurchase agreement 4.30%, dated 1/31/2023 under which Metropolitan Life Insurance Co. will repurchase securities provided as collateral for $450,055,656 on 2/1/2023. The securities provided as collateral at the end of the period held with State Street Bank & Trust Co. as custodian were U.S. Treasury securities with various maturities to 12/31/2027 and the market value of those underlying securities was $459,193,769. | 450,001,906 | |
TOTAL REPURCHASE AGREEMENTS | 48,140,326,906 | ||
TOTAL INVESTMENT IN SECURITIES—96.7% (AT AMORTIZED COST)3 | 55,051,718,035 | ||
OTHER ASSETS AND LIABILITIES - NET—3.3%4 | 1,899,685,978 | ||
TOTAL NET ASSETS—100% | $56,951,404,013 |
1 | Discount rate at time of purchase. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. |
3 | Also represents cost of investments for federal tax purposes. |
4 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.014 | 0.002 | 0.0001 | 0.008 | 0.019 | 0.010 |
Net realized gain (loss) | 0.0001 | (0.000)1 | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.014 | 0.002 | 0.0001 | 0.008 | 0.019 | 0.010 |
Less Distributions: | ||||||
Distributions from net investment income | (0.014) | (0.002) | (0.000)1 | (0.008) | (0.019) | (0.010) |
Distributions from net realized gain | — | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.014) | (0.002) | (0.000)1 | (0.008) | (0.019) | (0.010) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.44% | 0.18% | 0.01% | 0.84% | 1.88% | 1.03% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.55%4 | 0.21% | 0.11% | 0.43% | 0.48% | 0.42% |
Net investment income | 2.78%4 | 0.13% | 0.01% | 0.82% | 1.87% | 1.02% |
Expense waiver/reimbursement5 | 0.08%4 | 0.42% | 0.52% | 0.18% | 0.11% | 0.10% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,299,301 | $1,615,683 | $2,390,301 | $2,076,883 | $2,138,942 | $2,059,409 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.016 | 0.003 | 0.0001 | 0.011 | 0.022 | 0.013 |
Net realized gain (loss) | 0.0001 | (0.000)1 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.016 | 0.003 | 0.0001 | 0.011 | 0.022 | 0.013 |
Less Distributions: | ||||||
Distributions from net investment income | (0.016) | (0.003) | (0.000)1 | (0.011) | (0.022) | (0.013) |
Distributions from net realized gain | — | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.016) | (0.003) | (0.000)1 | (0.011) | (0.022) | (0.013) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.61% | 0.29% | 0.01% | 1.09% | 2.18% | 1.25% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.20%4 | 0.12% | 0.11% | 0.19% | 0.18% | 0.19% |
Net investment income | 3.23%4 | 0.29% | 0.01% | 0.99% | 2.17% | 1.24% |
Expense waiver/ reimbursement5 | 0.08%4 | 0.16% | 0.17% | 0.10% | 0.11% | 0.10% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $46,183,195 | $40,500,072 | $40,668,867 | $49,615,082 | $33,350,766 | $25,992,845 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.015 | 0.002 | 0.0001 | 0.009 | 0.019 | 0.010 |
Net realized gain (loss) | 0.0001 | (0.000)1 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.015 | 0.002 | 0.0001 | 0.009 | 0.019 | 0.010 |
Less Distributions: | ||||||
Distributions from net investment income | (0.015) | (0.002) | (0.000)1 | (0.009) | (0.019) | (0.010) |
Distributions from net realized gain | — | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.015) | (0.002) | (0.000)1 | (0.009) | (0.019) | (0.010) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.48% | 0.20% | 0.01% | 0.88% | 1.93% | 1.00% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.45%4 | 0.20% | 0.12% | 0.39% | 0.43% | 0.44% |
Net investment income | 2.96%4 | 0.19% | 0.01% | 0.84% | 1.92% | 0.96% |
Expense waiver/reimbursement5 | 0.08%4 | 0.33% | 0.41% | 0.15% | 0.11% | 0.10% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $5,346,448 | $4,833,929 | $5,363,707 | $5,512,396 | $4,672,058 | $3,584,885 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.016 | 0.002 | 0.0001 | 0.010 | 0.021 | 0.012 |
Net realized gain (loss) | 0.0001 | (0.000)1 | 0.0001 | (0.000)1 | 0.0001 | (0.000)1 |
Total From Investment Operations | 0.016 | 0.002 | 0.0001 | 0.010 | 0.021 | 0.012 |
Less Distributions: | ||||||
Distributions from net investment income | (0.016) | (0.002) | (0.000)1 | (0.010) | (0.021) | (0.012) |
Distributions from net realized gain | — | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.016) | (0.002) | (0.000)1 | (0.010) | (0.021) | (0.012) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.56% | 0.25% | 0.01% | 0.99% | 2.08% | 1.15% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.30%4 | 0.16% | 0.11% | 0.28% | 0.28% | 0.29% |
Net investment income | 3.16%4 | 0.25% | 0.01% | 0.90% | 2.07% | 1.12% |
Expense waiver/reimbursement5 | 0.08%4 | 0.22% | 0.27% | 0.11% | 0.11% | 0.10% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $3,338,082 | $2,100,176 | $1,859,069 | $2,119,651 | $1,250,599 | $1,114,276 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.013 | 0.001 | 0.0001 | 0.007 | 0.017 | 0.008 |
Net realized gain (loss) | 0.0001 | (0.000)1 | 0.0001 | (0.000)1 | 0.0001 | (0.000)1 |
Total From Investment Operations | 0.013 | 0.001 | 0.0001 | 0.007 | 0.017 | 0.008 |
Less Distributions: | ||||||
Distributions from net investment income | (0.013) | (0.001) | (0.000)1 | (0.007) | (0.017) | (0.008) |
Distributions from net realized gain | — | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.013) | (0.001) | (0.000)1 | (0.007) | (0.017) | (0.008) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.36% | 0.14% | 0.01% | 0.72% | 1.67% | 0.75% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.70%4 | 0.27% | 0.13% | 0.54% | 0.68% | 0.69% |
Net investment income | 2.67%4 | 0.14% | 0.01% | 0.66% | 1.67% | 0.77% |
Expense waiver/reimbursement5 | 0.08%4 | 0.51% | 0.65% | 0.25% | 0.11% | 0.10% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $784,377 | $796,860 | $754,675 | $1,379,716 | $860,830 | $512,289 |
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. |
January 31, 2023 (unaudited)
Assets: | |
Investment in repurchase agreements | $48,140,326,906 |
Investment in securities | 6,911,391,129 |
Investment in securities, at amortized cost and fair value | 55,051,718,035 |
Cash | 1,958,075,774 |
Income receivable | 9,456,930 |
Receivable for shares sold | 120,036,196 |
Total Assets | 57,139,286,935 |
Liabilities: | |
Payable for shares redeemed | 64,224,696 |
Income distribution payable | 120,892,867 |
Payable for investment adviser fee (Note 4) | 188,331 |
Payable for administrative fee (Note 4) | 121,888 |
Payable for Directors’/Trustees’ fees (Note 4) | 68,533 |
Payable for distribution services fee (Note 4) | 162,783 |
Payable for other service fees (Notes 2 and 4) | 1,657,425 |
Accrued expenses (Note 4) | 566,399 |
Total Liabilities | 187,882,922 |
Net assets for 56,972,034,104 shares outstanding | $56,951,404,013 |
Net Assets Consist of: | |
Paid-in capital | $56,972,227,107 |
Total distributable earnings (loss) | (20,823,094) |
Total Net Assets | $56,951,404,013 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Automated Shares: | |
$1,299,301,491 ÷ 1,299,771,354 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Institutional Shares: | |
$46,183,195,344 ÷ 46,199,930,576 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$5,346,448,033 ÷ 5,348,386,070 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Capital Shares: | |
$3,338,081,739 ÷ 3,339,284,016 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Trust Shares: | |
$784,377,406 ÷ 784,662,088 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Six Months Ended January 31, 2023 (unaudited)
Investment Income: | |
Interest | $911,719,098 |
Expenses: | |
Investment adviser fee (Note 4) | 53,203,426 |
Administrative fee (Note 4) | 20,829,406 |
Custodian fees | 742,413 |
Transfer agent fees (Note 2) | 801,866 |
Directors’/Trustees’ fees (Note 4) | 151,318 |
Auditing fees | 13,290 |
Legal fees | 5,750 |
Portfolio accounting fees | 118,883 |
Distribution services fee (Note 4) | 962,445 |
Other service fees (Notes 2 and 4) | 10,381,921 |
Share registration costs | 135,658 |
Printing and postage | 89,230 |
Miscellaneous (Note 4) | 127,827 |
TOTAL EXPENSES | 87,563,433 |
Waiver of investment adviser fee (Note 4) | (21,040,366) |
Net expenses | 66,523,067 |
Net investment income | 845,196,031 |
Net realized gain on investments | 2,193,422 |
Change in net assets resulting from operations | $847,389,453 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended 7/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $845,196,031 | $131,731,993 |
Net realized gain (loss) | 2,193,422 | (23,055,939) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 847,389,453 | 108,676,054 |
Distributions to Shareholders: | ||
Automated Shares | (19,954,374) | (3,178,441) |
Institutional Shares | (697,190,395) | (112,874,570) |
Service Shares | (74,815,441) | (9,732,842) |
Capital Shares | (42,894,139) | (4,902,590) |
Trust Shares | (10,287,930) | (1,158,642) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (845,142,279) | (131,847,085) |
Share Transactions: | ||
Proceeds from sale of shares | 174,147,946,180 | 262,727,989,725 |
Net asset value of shares issued to shareholders in payment of distributions declared | 309,575,384 | 43,327,917 |
Cost of shares redeemed | (167,355,085,334) | (263,938,044,594) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 7,102,436,230 | (1,166,726,952) |
Change in net assets | 7,104,683,404 | (1,189,897,983) |
Net Assets: | ||
Beginning of period | 49,846,720,609 | 51,036,618,592 |
End of period | $56,951,404,013 | $49,846,720,609 |
Transfer Agent Fees Incurred | |
Automated Shares | $675,311 |
Institutional Shares | 105,637 |
Service Shares | 12,386 |
Capital Shares | 6,647 |
Trust Shares | 1,885 |
TOTAL | $801,866 |
Other Service Fees Incurred | |
Automated Shares | $1,795,217 |
Service Shares | 6,311,338 |
Capital Shares | 1,312,921 |
Trust Shares | 962,445 |
TOTAL | $10,381,921 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Automated Shares: | Shares | Amount | Shares | Amount |
Shares sold | 763,435,260 | $763,435,260 | 2,894,701,881 | $2,894,701,881 |
Shares issued to shareholders in payment of distributions declared | 19,049,375 | 19,049,375 | 3,061,270 | 3,061,270 |
Shares redeemed | (1,099,137,324) | (1,099,137,324) | (3,671,626,586) | (3,671,626,586) |
NET CHANGE RESULTING FROM AUTOMATED SHARE TRANSACTIONS | (316,652,689) | $(316,652,689) | (773,863,435) | $(773,863,435) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 160,414,836,207 | $160,414,836,207 | 234,597,319,011 | $234,597,319,011 |
Shares issued to shareholders in payment of distributions declared | 237,290,812 | 237,290,812 | 34,235,903 | 34,235,903 |
Shares redeemed | (154,970,847,151) | (154,970,847,151) | (234,781,536,709) | (234,781,536,709) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | 5,681,279,868 | $5,681,279,868 | (149,981,795) | $(149,981,795) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 7,800,692,950 | $7,800,692,950 | 19,049,431,252 | $19,049,431,252 |
Shares issued to shareholders in payment of distributions declared | 21,288,830 | 21,288,830 | 2,979,735 | 2,979,735 |
Shares redeemed | (7,309,744,003) | (7,309,744,003) | (19,579,938,742) | (19,579,938,742) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | 512,237,777 | $512,237,777 | (527,527,755) | $(527,527,755) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 4,294,122,640 | $4,294,122,640 | 4,606,290,921 | $4,606,290,921 |
Shares issued to shareholders in payment of distributions declared | 30,554,964 | 30,554,964 | 2,883,959 | 2,883,959 |
Shares redeemed | (3,086,542,296) | (3,086,542,296) | (4,367,084,030) | (4,367,084,030) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | 1,238,135,308 | $1,238,135,308 | 242,090,850 | $242,090,850 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Trust Shares: | Shares | Amount | Shares | Amount |
Shares sold | 874,859,123 | $874,859,123 | 1,580,246,660 | $1,580,246,660 |
Shares issued to shareholders in payment of distributions declared | 1,391,403 | 1,391,403 | 167,050 | 167,050 |
Shares redeemed | (888,814,560) | (888,814,560) | (1,537,858,527) | (1,537,858,527) |
NET CHANGE RESULTING FROM TRUST SHARE TRANSACTIONS | (12,564,034) | $(12,564,034) | 42,555,183 | $42,555,183 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 7,102,436,230 | $7,102,436,230 | (1,166,726,952) | $(1,166,726,952) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Distribution Services Fees Incurred | |
Trust Shares | $962,445 |
Beginning Account Value 8/1/2022 | Ending Account Value 1/31/2023 | Expenses Paid During Period1 | |
Actual: | |||
Automated Shares | $1,000 | $1,014.40 | $2.79 |
Institutional Shares | $1,000 | $1,016.10 | $1.02 |
Service Shares | $1,000 | $1,014.80 | $2.29 |
Capital Shares | $1,000 | $1,015.60 | $1.52 |
Trust Shares | $1,000 | $1,013.60 | $3.55 |
Hypothetical (assuming a 5% return before expenses): | |||
Automated Shares | $1,000 | $1,022.43 | $2.80 |
Institutional Shares | $1,000 | $1,024.20 | $1.02 |
Service Shares | $1,000 | $1,022.94 | $2.29 |
Capital Shares | $1,000 | $1,023.69 | $1.53 |
Trust Shares | $1,000 | $1,021.68 | $3.57 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Automated Shares | 0.55% |
Institutional Shares | 0.20% |
Service Shares | 0.45% |
Capital Shares | 0.30% |
Trust Shares | 0.70% |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N500
CUSIP 60934N872
CUSIP 60934N823
CUSIP 60934N120
Share Class | Ticker | Institutional | TTOXX | Cash II | TTIXX | Cash Series | TCSXX |
Federated Hermes Trust for U.S. Treasury Obligations
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Repurchase Agreements | 88.9% |
U.S. Treasury Securities | 10.7% |
Other Assets and Liabilities—Net2 | 0.4% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for a description of the types of securities in which the Fund invests. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 95.1% |
8-30 Days | 1.3% |
31-90 Days | 1.9% |
91-180 Days | 0.3% |
181 Days or more | 1.0% |
Other Assets and Liabilities—Net2 | 0.4% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
U.S. TREASURIES— 10.7% | |||
$ 30,000,000 | 1 | United States Treasury Bills, 3.020%, 2/16/2023 | $ 29,962,250 |
10,000,000 | 1 | United States Treasury Bills, 3.020%, 6/15/2023 | 9,887,589 |
35,000,000 | 1 | United States Treasury Bills, 4.490%, 2/23/2023 | 34,903,964 |
27,000,000 | 1 | United States Treasury Bills, 4.505%, 11/2/2023 | 26,074,222 |
90,000,000 | 1 | United States Treasury Bills, 4.525%, 3/9/2023 | 89,592,750 |
30,180,000 | 2 | United States Treasury Floating Rate Notes, 4.574% (91-day T-Bill -0.075%), 2/7/2023 | 30,164,392 |
37,500,000 | 2 | United States Treasury Floating Rate Notes, 4.634% (91-day T-Bill -0.015%), 2/7/2023 | 37,513,046 |
61,000,000 | 2 | United States Treasury Floating Rate Notes, 4.678% (91-day T-Bill +0.029%), 2/7/2023 | 61,000,759 |
69,500,000 | 2 | United States Treasury Floating Rate Notes, 4.683% (91-day T-Bill +0.034%), 2/7/2023 | 69,500,572 |
55,250,000 | 2 | United States Treasury Floating Rate Notes, 4.686% (91-day T-Bill +0.037%), 2/7/2023 | 55,230,387 |
39,000,000 | 2 | United States Treasury Floating Rate Notes, 4.789% (91-day T-Bill +0.140%), 2/7/2023 | 38,967,047 |
24,000,000 | 2 | United States Treasury Floating Rate Notes, 4.849% (91-day T-Bill +0.200%), 2/7/2023 | 24,000,000 |
4,000,000 | United States Treasury Notes, 0.125%, 2/28/2023 | 3,995,468 | |
3,900,000 | United States Treasury Notes, 0.125%, 5/31/2023 | 3,874,591 | |
10,000,000 | United States Treasury Notes, 0.125%, 7/31/2023 | 9,821,582 | |
13,000,000 | United States Treasury Notes, 0.375%, 10/31/2023 | 12,636,012 | |
5,000,000 | United States Treasury Notes, 1.500%, 3/31/2023 | 4,998,937 | |
TOTAL | 542,123,568 | ||
REPURCHASE AGREEMENTS— 88.9% | |||
1,203,000,000 | Interest in $3,000,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Sumitomo Mitsui Banking Corp. will repurchase securities provided as collateral for $3,000,358,333 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2048 and the market value of those underlying securities was $3,060,365,506. | 1,203,000,000 | |
87,000,000 | Interest in $4,000,000,000 joint repurchase agreement 4.30%, dated 1/31/2023 under which Citigroup Global Markets, Inc. will repurchase securities provided as collateral for $4,000,477,778 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 8/15/2047 and the market value of those underlying securities was $4,080,487,378. | 87,000,000 | |
50,000,000 | Interest in $800,000,000 joint repurchase agreement 4.31%, dated 1/4/2023 under which CIBC World Markets Corp. will repurchase securities provided as collateral for $802,777,556 on 2/2/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2050 and the market value of those underlying securities was $818,833,113. | 50,000,000 |
Principal Amount | Value | ||
REPURCHASE AGREEMENTS— continued | |||
$2,500,000,000 | Repurchase agreement 4.30%, dated 1/31/2023 under which Federal Reserve Bank of New York will repurchase securities provided as collateral for $2,500,298,611 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2041 and the market value of those underlying securities was $2,500,298,636. | $2,500,000,000 | |
500,000,000 | Interest in $750,000,000 joint repurchase agreement 4.27%, dated 1/31/2023 under which Standard Chartered Bank will repurchase securities provided as collateral for $750,088,958 on 2/1/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 11/15/2052 and the market value of those underlying securities was $765,090,746. | 500,000,000 | |
150,000,000 | Interest in $500,000,000 joint repurchase agreement 4.48%, dated 1/31/2023 under which Standard Chartered Bank will repurchase securities provided as collateral for $500,435,556 on 2/7/2023. The securities provided as collateral at the end of the period held with BNY Mellon as tri-party agent, were U.S. Treasury securities with various maturities to 2/15/2052 and the market value of those underlying securities was $510,063,519. | 150,000,000 | |
TOTAL REPURCHASE AGREEMENTS | 4,490,000,000 | ||
TOTAL INVESTMENT IN SECURITIES—99.6% (AT AMORTIZED COST)3 | 5,032,123,568 | ||
OTHER ASSETS AND LIABILITIES - NET—0.4%4 | 22,700,833 | ||
TOTAL NET ASSETS—100% | $5,054,824,401 |
1 | Discount rate(s) at time of purchase. |
2 | Floating/variable note with current rate and current maturity or next reset date shown. |
3 | Also represents cost of investments for federal tax purposes. |
4 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.016 | 0.003 | 0.0001 | 0.011 | 0.021 | 0.012 |
Net realized gain (loss) | 0.0001 | (0.000)1 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.016 | 0.003 | 0.0001 | 0.011 | 0.021 | 0.012 |
Less Distributions: | ||||||
Distributions from net investment income | (0.016) | (0.003) | (0.000)1 | (0.011) | (0.021) | (0.012) |
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 | (0.016) | (0.003) | (0.000)1 | (0.011) | (0.021) | (0.012) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.57% | 0.26% | 0.01% | 1.07% | 2.16% | 1.25% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.20%4 | 0.12% | 0.13% | 0.20% | 0.20% | 0.20% |
Net investment income | 3.28%4 | 0.22% | 0.01% | 0.94% | 2.18% | 1.23% |
Expense waiver/reimbursement5 | 0.10%4 | 0.18% | 0.17% | 0.11% | 0.11% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $2,428,886 | $1,134,075 | $1,464,865 | $2,334,139 | $1,344,393 | $360,889 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.012 | 0.001 | 0.0001 | 0.006 | 0.014 | 0.005 |
Net realized gain (loss) | 0.0001 | (0.000)1 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.012 | 0.001 | 0.0001 | 0.006 | 0.014 | 0.005 |
Less Distributions: | ||||||
Distributions from net investment income | (0.012) | (0.001) | (0.000)1 | (0.006) | (0.014) | (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 | (0.012) | (0.001) | (0.000)1 | (0.006) | (0.014) | (0.005) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.22% | 0.08% | 0.00%3 | 0.58% | 1.45% | 0.54% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 0.87%5 | 0.30% | 0.13% | 0.67% | 0.90% | 0.90% |
Net investment income | 2.69%5 | 0.08% | 0.00%3 | 0.53% | 1.44% | 0.53% |
Expense waiver/reimbursement6 | 0.10%5 | 0.70% | 0.87% | 0.34% | 0.11% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,701,090 | $691,193 | $735,469 | $750,118 | $591,844 | $635,165 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Represents less than 0.01%. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 1/31/2023 | Year Ended July 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
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 | 0.011 | 0.001 | 0.0001 | 0.005 | 0.013 | 0.004 |
Net realized gain (loss) | 0.0001 | (0.000)1 | 0.0001 | (0.000)1 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.011 | 0.001 | 0.0001 | 0.005 | 0.013 | 0.004 |
Less Distributions: | ||||||
Distributions from net investment income | (0.011) | (0.001) | (0.000)1 | (0.005) | (0.013) | (0.004) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.011) | (0.001) | (0.000)1 | (0.005) | (0.013) | (0.004) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.14% | 0.06% | 0.00%3 | 0.50% | 1.31% | 0.40% |
Ratios to Average Net Assets: | ||||||
Net expenses4 | 1.04%5 | 0.33% | 0.13% | 0.76% | 1.04% | 1.05% |
Net investment income | 2.24%5 | 0.06% | 0.00%3 | 0.47% | 1.32% | 0.30% |
Expense waiver/reimbursement6 | 0.20%5 | 0.92% | 1.10% | 0.48% | 0.21% | 0.23% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $924,848 | $719,191 | $767,050 | $653,747 | $496,252 | $341,124 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Represents less than 0.01%. |
4 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
5 | Computed on an annualized basis. |
6 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
January 31, 2023 (unaudited)
Assets: | |
Investment in repurchase agreements | $4,490,000,000 |
Investment in securities | 542,123,568 |
Investment in securities, at amortized cost and fair value | 5,032,123,568 |
Cash | 825,596 |
Income receivable | 780,418 |
Receivable for shares sold | 30,504,390 |
Prepaid expenses | 206,580 |
Total Assets | 5,064,440,552 |
Liabilities: | |
Payable for shares redeemed | 6,291,725 |
Income distribution payable | 1,758,110 |
Payable for investment adviser fee (Note 4) | 14,942 |
Payable for administrative fee (Note 4) | 10,764 |
Payable for Directors’/Trustees’ fees (Note 4) | 3,329 |
Payable for distribution services fee (Note 4) | 855,670 |
Payable for other service fees (Notes 2 and 4) | 516,620 |
Accrued expenses (Note 4) | 164,991 |
Total Liabilities | 9,616,151 |
Net assets for 5,054,785,345 shares outstanding | $5,054,824,401 |
Net Assets Consist of: | |
Paid-in capital | $5,054,785,375 |
Total distributable earnings (loss) | 39,026 |
Total Net Assets | $5,054,824,401 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$2,428,886,169 ÷ 2,428,867,497 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$1,701,089,904 ÷ 1,701,076,699 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$924,848,328 ÷ 924,841,149 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Six Months Ended January 31, 2023 (unaudited)
Investment Income: | |
Interest | $57,346,517 |
Expenses: | |
Investment adviser fee (Note 4) | 3,319,425 |
Administrative fee (Note 4) | 1,299,753 |
Custodian fees | 49,302 |
Transfer agent fees (Note 2) | 741,722 |
Directors’/Trustees’ fees (Note 4) | 8,096 |
Auditing fees | 10,234 |
Legal fees | 5,345 |
Portfolio accounting fees | 102,867 |
Distribution services fee (Note 4) | 4,166,204 |
Other service fees (Notes 2 and 4) | 2,216,771 |
Share registration costs | 113,792 |
Printing and postage | 42,178 |
Miscellaneous (Note 4) | 40,343 |
TOTAL EXPENSES | 12,116,032 |
Waivers and Reimbursements: | |
Waiver of investment adviser fee (Note 4) | (1,601,718) |
Waivers/reimbursements of other operating expenses (Notes 2 and 4) | (431,485) |
TOTAL WAIVERS AND REIMBURSEMENTS | (2,033,203) |
Net expenses | 10,082,829 |
Net investment income | 47,263,688 |
Net realized gain on investments | 31,093 |
Change in net assets resulting from operations | $47,294,781 |
Six Months Ended (unaudited) 1/31/2023 | Year Ended 7/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $47,263,688 | $3,701,109 |
Net realized gain (loss) | 31,093 | (41,775) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 47,294,781 | 3,659,334 |
Distributions to Shareholders: | ||
Institutional Shares | (25,060,269) | (2,692,020) |
Cash II Shares | (12,847,979) | (549,322) |
Cash Series Shares | (9,306,068) | (463,531) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (47,214,316) | (3,704,873) |
Share Transactions: | ||
Proceeds from sale of shares | 5,879,944,896 | 4,421,748,130 |
Net asset value of shares issued to shareholders in payment of distributions declared | 39,506,411 | 2,286,934 |
Cost of shares redeemed | (3,409,166,426) | (4,846,914,198) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 2,510,284,881 | (422,879,134) |
Change in net assets | 2,510,365,346 | (422,924,673) |
Net Assets: | ||
Beginning of period | 2,544,459,055 | 2,967,383,728 |
End of period | $5,054,824,401 | $2,544,459,055 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | |
Institutional Shares | $5,145 | $(15) |
Cash II Shares | 356,432 | (5,534) |
Cash Series Shares | 380,145 | (10,840) |
TOTAL | $741,722 | $(16,389) |
Other Service Fees Incurred | |
Cash II Shares | $1,179,031 |
Cash Series Shares | 1,037,740 |
TOTAL | $2,216,771 |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,808,415,226 | $2,808,415,226 | 2,009,686,596 | $2,009,686,596 |
Shares issued to shareholders in payment of distributions declared | 17,654,923 | 17,654,923 | 1,286,508 | 1,286,508 |
Shares redeemed | (1,531,296,109) | (1,531,296,109) | (2,341,742,449) | (2,341,742,449) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | 1,294,774,040 | $1,294,774,040 | (330,769,345) | $(330,769,345) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 1,600,444,607 | $1,600,444,607 | 312,738,480 | $312,738,480 |
Shares issued to shareholders in payment of distributions declared | 12,663,540 | 12,663,540 | 541,911 | 541,911 |
Shares redeemed | (603,235,793) | (603,235,793) | (357,543,870) | (357,543,870) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | 1,009,872,354 | $1,009,872,354 | (44,263,479) | $(44,263,479) |
Six Months Ended 1/31/2023 | Year Ended 7/31/2022 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 1,471,085,063 | $1,471,085,063 | 2,099,323,054 | $2,099,323,054 |
Shares issued to shareholders in payment of distributions declared | 9,187,948 | 9,187,948 | 458,515 | 458,515 |
Shares redeemed | (1,274,634,524) | (1,274,634,524) | (2,147,627,879) | (2,147,627,879) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | 205,638,487 | $205,638,487 | (47,846,310) | $(47,846,310) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 2,510,284,881 | $2,510,284,881 | (422,879,134) | $(422,879,134) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Cash II Shares | 0.35% |
Cash Series Shares | 0.60% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Cash II Shares | $1,675,628 | $— |
Cash Series Shares | 2,490,576 | (415,096) |
TOTAL | $4,166,204 | $(415,096) |
Beginning Account Value 8/1/2022 | Ending Account Value 1/31/2023 | Expenses Paid During Period1 | |
Actual: | |||
Institutional Shares | $1,000 | $1,015.70 | $1.02 |
Cash II Shares | $1,000 | $1,012.20 | $4.41 |
Cash Series Shares | $1,000 | $1,011.40 | $5.27 |
Hypothetical (assuming a 5% return before expenses): | |||
Institutional Shares | $1,000 | $1,024.20 | $1.02 |
Cash II Shares | $1,000 | $1,020.82 | $4.43 |
Cash Series Shares | $1,000 | $1,019.96 | $5.30 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Institutional Shares | 0.20% |
Cash II Shares | 0.87% |
Cash Series Shares | 1.04% |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 608919551
CUSIP 608919569
Item 2. | Code of Ethics |
Not Applicable
Item 3. | Audit Committee Financial Expert |
Not Applicable
Item 4. | Principal Accountant Fees and Services |
Not Applicable
Item 5. | Audit Committee of Listed Registrants |
Not Applicable
Item 6. | Schedule of Investments |
(a) The registrant’s Schedule of Investments is included as part of the Report to Stockholders filed under Item 1 of this form.
(b) Not Applicable; Fund had no divestments during the reporting period covered since the previous Form N-CSR filing.
Item 7. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies |
Not Applicable
Item 8. | Portfolio Managers of Closed-End Management Investment Companies |
Not Applicable
Item 9. | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers |
Not Applicable
Item 10. | Submission of Matters to a Vote of Security Holders |
No Changes to Report
Item 11. | Controls and Procedures |
(a) The registrant’s President and Treasurer have concluded that the
registrant’s disclosure controls and procedures (as defined in rule 30a-3(c) under the Act) are effective in design and operation and are sufficient to form the basis of the certifications required by Rule 30a-(2) under the Act, based on their evaluation of these disclosure controls and procedures within 90 days of the filing date of this report on Form N-CSR.
(b) There were no changes in the registrant’s internal control over financial reporting (as defined in rule 30a-3(d) under the Act) during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 12. | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies |
Not Applicable
Item 13. | Exhibits |
(a)(1) Code of Ethics- Not Applicable to this Report.
(a)(2) Certifications of Principal Executive Officer and Principal Financial Officer.
(a)(3) Not Applicable.
(b) Certifications pursuant to 18 U.S.C. Section 1350.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Registrant Federated Hermes Money Market Obligations Trust
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date March 27, 2023
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By /S/ J. Christopher Donahue
J. Christopher Donahue
Principal Executive Officer
Date March 27, 2023
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date March 27, 2023