United States
Securities and Exchange Commission
Washington, D.C. 20549
Form N-CSR
Certified Shareholder Report of Registered Management Investment Companies
811-5950
(Investment Company Act File Number)
Federated Hermes Money Market Obligations Trust
______________________________________________________________
(Exact Name of Registrant as Specified in Charter)
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
(Address of Principal Executive Offices)
(412) 288-1900
(Registrant's Telephone Number)
Peter J. Germain, Esquire
1001 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3779
(Name and Address of Agent for Service)
(Notices should be sent to the Agent for Service)
Date of Fiscal Year End: 10/31/23
Date of Reporting Period: Six months ended 04/30/23
Item 1. | Reports to Stockholders |
Share Class | Ticker | Wealth | CAIXX | Service | CACXX | Cash II | CALXX |
Cash Series | CCSXX | Capital | CCCXX |
Federated Hermes California Municipal Cash Trust
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Variable Rate Demand Instruments | 63.1% |
Commercial Paper | 33.0% |
Municipal Notes | 4.3% |
Other Assets and Liabilities—Net2 | (0.4)% |
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 | 46.0% |
8-30 Days | 4.6% |
31-90 Days | 48.8% |
91-180 Days | 1.0% |
181 Days or more | 0.0% |
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 | ||
1 | SHORT-TERM MUNICIPALS— 100.4% | ||
California— 100.4% | |||
$ 9,555,000 | Alameda Corridor Transportation Authority, CA, Tender Option Bond Trust Receipts (Series 2022-XF1364) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 4.010%, 5/4/2023 | $ 9,555,000 | |
3,365,000 | Banning, CA Unified School District, Tender Option Bond Trust Certificates (Series 2017-XF2440) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 3.980%, 5/4/2023 | 3,365,000 | |
3,320,000 | Calexico, CA Unified School District, Tender Option Bond Trust Certificates (2017-XG0118) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 3.980%, 5/4/2023 | 3,320,000 | |
14,000,000 | California Educational Facilities Authority (Stanford University), (Series S-1), CP, 2.500%, Mandatory Tender 5/5/2023 | 14,000,000 | |
17,200,000 | California Educational Facilities Authority (Stanford University), (Series S-4), CP, 2.800%, Mandatory Tender 6/20/2023 | 17,200,000 | |
9,450,000 | California Enterprise Development Authority (Humane Society Silicon Valley), (Series 2008) Weekly VRDNs, (Federal Home Loan Bank of San Francisco LOC), 4.910%, 5/4/2023 | 9,450,000 | |
16,000,000 | California Health Facilities Financing Authority (Cedars-Sinai Medical Center), Tender Option Bond Trust Receipts (Series 2022-MS0007) TOBs, (Morgan Stanley Bank, N.A. LIQ), 3.760%, Optional Tender 6/29/2023 | 16,000,000 | |
49,315,000 | California Health Facilities Financing Authority (Dignity Health (Catholic Healthcare West)), Golden Blue (Series 2017-004) VRENs, (Barclays Bank PLC LIQ)/(Barclays Bank PLC LOC), 4.010%, 5/4/2023 | 49,315,000 | |
15,000,000 | California Health Facilities Financing Authority (Kaiser Permanente), (Series 2006D), CP, 3.000%, Mandatory Tender 5/4/2023 | 15,000,000 | |
5,000,000 | California Health Facilities Financing Authority (Kaiser Permanente), RBC Muni Products (Series G-44) TOBs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 4.010%, Mandatory Tender 5/1/2023 | 5,000,000 | |
4,590,000 | California Health Facilities Financing Authority (Providence St. Joseph Health), Tender Option Bond Trust Receipts (Series 2018-XM0696) Weekly VRDNs, (Bank of America N.A. LIQ), 3.960%, 5/4/2023 | 4,590,000 | |
5,100,000 | California Health Facilities Financing Authority (Sutter Health), Tender Option Bond Trust Receipts (Series 2018-XF0622) Weekly VRDNs, (Toronto Dominion Bank LIQ), 3.910%, 5/4/2023 | 5,100,000 | |
9,656,000 | California HFA (Hope on Broadway LP), Tender Option Bond Trust Receipts (Series 2022-XF3018) Weekly VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.210%, 5/4/2023 | 9,656,000 | |
2,400,000 | California HFA (Residency at Empire I LP), Tender Option Bond Trust Receipts (Series 2022-XF3077) Weekly VRDNs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.160%, 5/4/2023 | 2,400,000 | |
3,000,000 | California HFA, Tender Option Bond Trust Floater Certificates (Series 2022-XF3059) Weekly VRDNs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.210%, 5/4/2023 | 3,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 4,450,000 | California Infrastructure & Economic Development Bank (Los Angeles Society for the Prevention of Cruelty to Animals), (Series 2002A) Weekly VRDNs, (Bank of New York Mellon, N.A. LOC), 3.800%, 5/4/2023 | $ 4,450,000 | |
8,170,000 | California Infrastructure & Economic Development Bank (St. Margaret of Scotland Episcopal School), (Series 2008) Monthly VRDNs, (Federal Home Loan Bank of San Francisco LOC), 4.250%, 5/1/2023 | 8,170,000 | |
4,480,000 | California Municipal Finance Authority (Brawley Pacific Associates III), Tender Option Bond Trust Receipts (Series 2022-XF3027) Weekly VRDNs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.210%, 5/4/2023 | 4,480,000 | |
5,475,000 | California Municipal Finance Authority (Montague Parkway Associates LP), Tender Option Bond Trust Floater Certificates (2020-MIZ9041) Daily VRDNs, (Federal Home Loan Mortgage Corp. GTD)/(Mizuho Bank Ltd. LIQ), 3.900%, 5/1/2023 | 5,475,000 | |
3,655,000 | California State Municipal Finance Authority (CHF-Davis II LLC), Tender Option Bond Trust Certificates (Series 2023-XG0465) Weekly VRDNs, (Build America Mutual Assurance INS)/(Wells Fargo Bank, N.A. LIQ), 3.970%, 5/4/2023 | 3,655,000 | |
4,663,000 | California State University Institute, (Series A), CP, (State Street Bank and Trust Co. LOC)/(Wells Fargo Bank, N.A. LOC), 2.800%, Mandatory Tender 6/5/2023 | 4,663,000 | |
14,423,000 | California State University Institute, (Series A), CP, (State Street Bank and Trust Co. LOC)/(Wells Fargo Bank, N.A. LOC), 2.800%, Mandatory Tender 6/5/2023 | 14,423,000 | |
15,000,000 | California State, (Series A-3), CP, (UBS AG LOC), 2.900%, Mandatory Tender 6/5/2023 | 15,000,000 | |
1,705,000 | California State, Tender Option Bond Trust Receipts (Series 2022-XF1415) Weekly VRDNs, (Toronto Dominion Bank LIQ), 3.890%, 5/4/2023 | 1,705,000 | |
7,500,000 | California Statewide Communities Development Authority (Enloe Medical Center Obligated Group), Tender Option Bond Trust Certificates (Series 2022-XL0363) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 4.010%, 5/4/2023 | 7,500,000 | |
10,015,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2004E), CP, 3.200%, Mandatory Tender 6/6/2023 | 10,015,000 | |
34,150,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2004K), CP, 3.000%, Mandatory Tender 5/18/2023 | 34,150,000 | |
5,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2008B), CP, 3.000%, Mandatory Tender 7/6/2023 | 5,000,000 | |
22,730,000 | California Statewide Communities Development Authority (Kensington Apartments LP), Tender Option Bond Trust Floater Certificates (Series 2022-MIZ9113) VRENs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.160%, 5/4/2023 | 22,730,000 | |
5,600,000 | California Statewide Communities Development Authority Multi-Family Housing (Beaumont CA Leased Housing Associates I, LP), (2010 Series B: Mountain View Apartments) Weekly VRDNs, (Federal Home Loan Mortgage Corp. LOC), 3.940%, 5/4/2023 | 5,600,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$27,520,000 | California Statewide Communities Development Authority Multi-Family Housing (Uptown Newport Building Owner, LP), (2017 Series BB: One Uptown Newport Apartments) Weekly VRDNs, (Federal Home Loan Bank of Des Moines LOC), 3.990%, 5/4/2023 | $ 27,520,000 | |
15,550,000 | California Statewide Communities Development Authority Multi-Family Housing (Uptown Newport Building Owner, LP), (2021 Series A: One Uptown Newport Apartments) Weekly VRDNs, (Landesbank Hessen-Thuringen LOC), 4.010%, 5/4/2023 | 15,550,000 | |
2,500,000 | Clovis, CA Unified School District, Tender Option Bond Trust Receipts (Series 2022-ZL0367) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 3.890%, 5/4/2023 | 2,500,000 | |
10,000,000 | East Bay Municipal Utility District, CA Water System, (Series A-1), CP, (Sumitomo Mitsui Banking Corp. LIQ), 2.800%, Mandatory Tender 6/2/2023 | 10,000,000 | |
4,000,000 | East Bay Municipal Utility District, CA Water System, (Series A-2), CP, (Bank of America N.A. LIQ), 2.750%, Mandatory Tender 5/9/2023 | 4,000,000 | |
14,500,000 | Federal Home Loan Mortgage Corp., PUTTERs 3a-7 (Series 3005) Daily VRDNs, (Federal Home Loan Mortgage Corp. GTD)/(JPMorgan Chase Bank, N.A. LIQ), 3.750%, 5/1/2023 | 14,500,000 | |
1,485,000 | Hayward, CA Unified School District, Tender Option Bond Trust Receipts (Series 2022-XF1438) Weekly VRDNs, (Bank of America N.A. LIQ)/(Bank of America N.A. LOC), 3.890%, 5/4/2023 | 1,485,000 | |
4,370,000 | Long Beach, CA Unified School District, (Series 2023-XG0478) Weekly VRDNs, (Build America Mutual Assurance INS)/(Wells Fargo Bank, N.A. LIQ), 3.920%, 5/4/2023 | 4,370,000 | |
3,000,000 | Los Angeles County, CA Housing Authority Multi Family Housing (The Solemint Heights Partnership), Tender Option Bond Trust Floater Certificates (Series 2020-MIZ9039) Daily VRDNs, (Federal Home Loan Mortgage Corp. GTD)/(Mizuho Bank Ltd. LIQ), 3.900%, 5/1/2023 | 3,000,000 | |
4,985,000 | Lucia Mar, CA Unified School District, Tender Option Bond Trust Receipts (Series 2018-XG0181) Weekly VRDNs, (Bank of America N.A. LIQ), 3.900%, 5/4/2023 | 4,985,000 | |
5,000,000 | Municipal Improvement Corporation of Los Angeles, CA, (Series A-3), CP, (U.S. Bank, N.A. LOC), 3.500%, Mandatory Tender 6/23/2023 | 5,000,000 | |
4,000,000 | Municipal Improvement Corporation of Los Angeles, CA, (Series A-3), CP, (U.S. Bank, N.A. LOC), 3.500%, Mandatory Tender 6/23/2023 | 4,000,000 | |
12,700,000 | Nuveen California AMT-Free Quality Municipal Income Fund, (Series 3) MuniFund Preferred Shares Weekly VRDPs, (Toronto Dominion Bank LIQ), 3.900%, 5/4/2023 | 12,700,000 | |
11,200,000 | Pajaro Valley, CA Unified School District, Tender Option Bond Trust Receipts (Series 2022-XG0378 Weekly VRDNs, (Bank of America N.A. LIQ), 3.940%, 5/4/2023 | 11,200,000 | |
9,024,000 | Pimco California Municipal Income Fund III, Tender Option Bond Trust Receipts (Series UA-7002) Weekly VRDNs, (UBS AG LIQ), 4.060%, 5/5/2023 | 9,024,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$19,975,000 | Pimco California Municipal Income Fund III, Tender Option Bond Trust Receipts (Series UA-7003) Weekly VRDNs, (UBS AG LIQ), 3.010%, 5/3/2023 | $ 19,975,000 | |
11,500,000 | Pimco California Municipal Income Fund, Tender Option Bond Trust Receipts (Series UA-7005) Weekly VRDNs, (UBS AG LIQ), 3.010%, 5/2/2023 | 11,500,000 | |
5,690,000 | Pomona, CA Unified School District, Tender Option Bond Trust Certificates (Series 2017-XF2446) Weekly VRDNs, (Build America Mutual Assurance INS)/(Citibank N.A., New York LIQ), 3.930%, 5/4/2023 | 5,690,000 | |
25,000,000 | River Islands, CA Public Financing Authority (River Islands, CA Public Financing Authority-Community Facilities District No. 2015-1), Tender Option Bond Trust Floater Certificates (Series 2022-MIZ9110) VRENs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.110%, 5/4/2023 | 25,000,000 | |
5,000,000 | Riverside County, CA, Teeter Plan Obligation Notes (2022 Series A) BANs, 3.700%, 10/19/2023 | 5,009,065 | |
1,580,000 | Sacramento, CA Area Flood Control Agency Consolidated Capital Assessment District No. 2, RBC Muni Products (Series G-118) TOBs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 3.850%, Optional Tender 10/2/2023 | 1,580,000 | |
10,000,000 | Sacramento, CA Municipal Utility District, (Subseries M-1), CP, (Bank of America N.A. LOC), 2.800%, Mandatory Tender 5/15/2023 | 10,000,000 | |
9,000,000 | San Diego County, CA Water Authority, CP Notes (Series 10), CP, 2.800%, Mandatory Tender 6/2/2023 | 9,000,000 | |
11,404,000 | San Diego, CA Water Utility Fund, (Series A), CP, (Bank of America N.A. LOC), 3.300%, Mandatory Tender 6/29/2023 | 11,404,000 | |
8,000,000 | San Diego, CA Water Utility Fund, (Series A), CP, (Bank of America N.A. LOC), 3.300%, Mandatory Tender 6/29/2023 | 8,000,000 | |
25,000,000 | San Francisco, CA City and County (Transbay Block 8 Tower Apartments Obligated Group), Mizuho 3a-7 (2021-MIZ9063) VRENs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.160%, 5/4/2023 | 25,000,000 | |
500,000 | Santa Ana, CA United School District, Tender Option Bond Certificates (Series 2022-XL0387) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 3.920%, 5/4/2023 | 500,000 | |
8,000,000 | Sonoma County, CA (Cotati-Rohnert Park Unified School District), Tender Option Bond Trust Certificates (2017-XF2466) Weekly VRDNs, (Build America Mutual Assurance INS)/(Citibank N.A., New York LIQ), 3.960%, 5/4/2023 | 8,000,000 | |
7,000,000 | Sweetwater, CA Union High School District, Tender Option Bond Trust (Series 2022-XF1394) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 3.980%, 5/4/2023 | 7,000,000 | |
4,000,000 | Sweetwater, CA Union High School District, Tender Option Bond Trust Receipts (2018-XF0704) Weekly VRDNs, (Toronto Dominion Bank LIQ), 4.060%, 5/4/2023 | 4,000,000 | |
8,490,000 | Twin Rivers, CA Unified School District, Tender Option Bond Trust Certificates (Series 2017-XF2442) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 3.960%, 5/4/2023 | 8,490,000 | |
10,000,000 | University of California (The Regents of), (Series A), CP, 3.000%, Mandatory Tender 5/3/2023 | 10,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 5,000,000 | University of California (The Regents of), (Series A), CP, 3.000%, Mandatory Tender 5/3/2023 | $ 5,000,000 | |
3,000,000 | University of California (The Regents of), (Series A), CP, 3.000%, Mandatory Tender 5/3/2023 | 3,000,000 | |
4,945,000 | University of California (The Regents of), (Series A), CP, 3.000%, Mandatory Tender 5/3/2023 | 4,945,000 | |
2,000,000 | University of California (The Regents of), Tender Option Bond Trust Receipts (Series 2022-ZL0348) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 3.890%, 5/4/2023 | 2,000,000 | |
1,900,000 | Washington Township, CA Health Care District, Tender Option Bond Trust Receipts (Series 2022-XL0384) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 3.890%, 5/4/2023 | 1,900,000 | |
18,775,000 | Whittier, CA Health Facility Revenue Bonds (Presbyterian Intercommunity Hospital Obligated Group), Golden Blue 3a-7 (Series 2018-030) VRENs, (Barclays Bank PLC LIQ)/(Barclays Bank PLC LOC), 4.010%, 5/4/2023 | 18,775,000 | |
TOTAL INVESTMENT IN SECURITIES—100.4% (AT AMORTIZED COST)2 | 649,569,065 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.4)%3 | (2,708,788) | ||
TOTAL NET ASSETS—100% | $646,860,277 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Also represents cost for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
BANs | —Bond Anticipation Notes | |
CP | —Commercial Paper | |
GTD | —Guaranteed | |
HFA | —Housing Finance Authority | |
INS | —Insured | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
PUTTERs | —Puttable Tax-Exempt Receipts | |
TOBs | —Tender Option Bonds | |
VRDNs | —Variable Rate Demand Notes | |
VRDPs | —Variable Rate Demand Preferreds | |
VRENs | —Variable Rate Extendible Notes |
Six Months Ended (unaudited) 4/30/2023 | Year Ended October 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 | 0.006 | 0.0001 | 0.005 | 0.013 | 0.011 |
Net realized gain (loss) | (0.000)1 | (0.000)1 | 0.0001 | 0.0001 | (0.000)1 | (0.000)1 |
TOTAL FROM INVESTMENT OPERATIONS | 0.013 | 0.006 | 0.0001 | 0.005 | 0.013 | 0.011 |
Less Distributions: | ||||||
Distributions from net investment income | (0.013) | (0.006) | (0.000)1 | (0.005) | (0.013) | (0.011) |
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) | (0.006) | (0.000)1 | (0.005) | (0.013) | (0.011) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.27% | 0.62% | 0.02% | 0.53% | 1.28% | 1.10% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.28%4 | 0.24% | 0.13% | 0.27% | 0.28% | 0.28% |
Net investment income | 2.53%4 | 0.67% | 0.01% | 0.54% | 1.25% | 1.10% |
Expense waiver/reimbursement5 | 0.18%4 | 0.19% | 0.29% | 0.15% | 0.14% | 0.19% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $523,672 | $507,675 | $333,923 | $584,821 | $678,115 | $372,325 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 4/30/2023 | Year Ended October 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 | 0.005 | 0.0001 | 0.004 | 0.010 | 0.008 |
Net realized gain (loss) | (0.000)1 | (0.001) | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
Total From Investment Operations | 0.011 | 0.004 | 0.0001 | 0.004 | 0.010 | 0.008 |
Less Distributions: | ||||||
Distributions from net investment income | (0.011) | (0.004) | (0.000)1 | (0.004) | (0.010) | (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 | (0.011) | (0.004) | (0.000)1 | (0.004) | (0.010) | (0.008) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.14% | 0.46% | 0.02% | 0.38% | 1.03% | 0.85% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.53%4 | 0.39% | 0.13% | 0.41% | 0.53% | 0.53% |
Net investment income | 2.25%4 | 0.43% | 0.01% | 0.37% | 1.02% | 0.82% |
Expense waiver/reimbursement5 | 0.18%4 | 0.36% | 0.62% | 0.34% | 0.21% | 0.27% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $58,541 | $108,627 | $106,973 | $149,764 | $146,624 | $140,179 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 4/30/2023 | Year Ended October 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 | 0.004 | 0.0001 | 0.003 | 0.009 | 0.007 |
Net realized gain (loss) | (0.000)1 | (0.000)1 | 0.0001 | 0.0001 | (0.000)1 | (0.000)1 |
Total From Investment Operations | 0.011 | 0.004 | 0.0001 | 0.003 | 0.009 | 0.007 |
Less Distributions: | ||||||
Distributions from net investment income | (0.011) | (0.004) | (0.000)1 | (0.003) | (0.009) | (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 | (0.011) | (0.004) | (0.000)1 | (0.003) | (0.009) | (0.007) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.07% | 0.38% | 0.02% | 0.30% | 0.88% | 0.70% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.68%4 | 0.37% | 0.13% | 0.47% | 0.68% | 0.68% |
Net investment income | 2.12%4 | 0.07% | 0.01% | 0.28% | 0.87% | 0.68% |
Expense waiver/reimbursement5 | 0.23%4 | 0.61% | 0.84% | 0.50% | 0.28% | 0.34% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $6,034 | $5,411 | $235,112 | $262,597 | $207,071 | $15,140 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 4/30/2023 | Year Ended October 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 | 0.009 | 0.002 | 0.0001 | 0.001 | 0.006 | 0.003 |
Net realized gain (loss) | (0.000)1 | (0.000)1 | 0.0001 | 0.0001 | (0.001) | 0.0001 |
Total From Investment Operations | 0.009 | 0.002 | 0.0001 | 0.001 | 0.005 | 0.003 |
Less Distributions: | ||||||
Distributions from net investment income | (0.009) | (0.002) | (0.000)1 | (0.001) | (0.005) | (0.003) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 |
Total Distributions | (0.009) | (0.002) | (0.000)1 | (0.001) | (0.005) | (0.003) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.89% | 0.25% | 0.02% | 0.15% | 0.53% | 0.35% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 1.03%4 | 0.61% | 0.13% | 0.59% | 1.03% | 1.03% |
Net investment income | 1.76%4 | 0.25% | 0.01% | 0.16% | 0.56% | 0.32% |
Expense waiver/reimbursement5 | 0.28%4 | 0.77% | 1.24% | 0.76% | 0.34% | 0.40% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $21,597 | $32,205 | $27,742 | $33,558 | $21,190 | $38,713 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 4/30/2023 | Year Ended October 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 | 0.005 | 0.0001 | 0.005 | 0.012 | 0.010 |
Net realized gain (loss) | (0.000)1 | (0.000)1 | 0.0001 | 0.0001 | (0.000)1 | (0.000)1 |
Total From Investment Operations | 0.012 | 0.005 | 0.0001 | 0.005 | 0.012 | 0.010 |
Less Distributions: | ||||||
Distributions from net investment income | (0.012) | (0.005) | (0.000)1 | (0.005) | (0.012) | (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 | (0.012) | (0.005) | (0.000)1 | (0.005) | (0.012) | (0.010) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.22% | 0.55% | 0.02% | 0.46% | 1.18% | 1.00% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.38%4 | 0.28% | 0.13% | 0.32% | 0.38% | 0.38% |
Net investment income | 2.42%4 | 0.45% | 0.01% | 0.44% | 1.18% | 0.99% |
Expense waiver/reimbursement5 | 0.18%4 | 0.34% | 0.49% | 0.28% | 0.24% | 0.29% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $37,017 | $42,201 | $57,216 | $126,413 | $113,238 | $130,769 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
April 30, 2023 (unaudited)
Assets: | |
Investment in securities, at amortized cost and fair value | $649,569,065 |
Cash | 72,585 |
Income receivable | 3,562,989 |
Receivable for shares sold | 82,761 |
Total Assets | 653,287,400 |
Liabilities: | |
Payable for investments purchased | 5,645,245 |
Payable for shares redeemed | 475,909 |
Income distribution payable | 199,516 |
Payable for investment adviser fee (Note 5) | 6,559 |
Payable for administrative fee (Note 5) | 4,141 |
Payable for distribution services fee (Note 5) | 9,963 |
Payable for other service fees (Notes 2 and 5) | 20,508 |
Accrued expenses (Note 5) | 65,282 |
Total Liabilities | 6,427,123 |
Net assets for 646,845,841 shares outstanding | $646,860,277 |
Net Assets Consist of: | |
Paid-in capital | $646,845,806 |
Total distributable earnings (loss) | 14,471 |
Total Net Assets | $646,860,277 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Wealth Shares: | |
$523,671,678 ÷ 523,659,994 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$58,540,871 ÷ 58,539,562 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$6,034,343 ÷ 6,034,208 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$21,596,507 ÷ 21,596,025 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Capital Shares: | |
$37,016,878 ÷ 37,016,052 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Six Months Ended April 30, 2023 (unaudited)
Investment Income: | |
Interest | $9,313,715 |
Expenses: | |
Investment adviser fee (Note 5) | 993,891 |
Administrative fee (Note 5) | 259,662 |
Custodian fees | 11,863 |
Transfer agent fees | 88,139 |
Directors’/Trustees’ fees (Note 5) | 2,021 |
Auditing fees | 11,672 |
Legal fees | 3,622 |
Portfolio accounting fees | 79,745 |
Distribution services fee (Note 5) | 82,440 |
Other service fees (Notes 2 and 5) | 161,918 |
Share registration costs | 73,311 |
Printing and postage | 14,165 |
Miscellaneous (Note 5) | 5,885 |
TOTAL EXPENSES | 1,788,334 |
Waivers: | |
Waiver of investment adviser fee (Note 5) | (600,111) |
Waiver of other operating expenses (Note 5) | (14,138) |
TOTAL WAIVERS | (614,249) |
Net expenses | 1,174,085 |
Net investment income | 8,139,630 |
Net realized loss on investments | (937) |
Change in net assets resulting from operations | $8,138,693 |
Six Months Ended (unaudited) 4/30/2023 | Year Ended 10/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $8,139,630 | $3,253,921 |
Net realized gain (loss) | (937) | (14,825) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 8,138,693 | 3,239,096 |
Distributions to Shareholders: | ||
Wealth Shares | (6,424,721) | (2,424,688) |
Service Shares | (948,498) | (464,523) |
Cash II Shares | (50,702) | (149,201) |
Cash Series Shares | (227,972) | (75,736) |
Capital Shares | (486,829) | (245,078) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (8,138,722) | (3,359,226) |
Share Transactions: | ||
Proceeds from sale of shares | 931,178,831 | 1,187,515,108 |
Net asset value of shares issued to shareholders in payment of distributions declared | 6,819,686 | 2,838,498 |
Cost of shares redeemed | (987,257,477) | (1,255,079,654) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (49,258,960) | (64,726,048) |
Change in net assets | (49,258,989) | (64,846,178) |
Net Assets: | ||
Beginning of period | 696,119,266 | 760,965,444 |
End of period | $646,860,277 | $696,119,266 |
Transfer Agent Fees Incurred | |
Wealth Shares | $67,211 |
Service Shares | 11,478 |
Cash II Shares | 639 |
Cash Series Shares | 3,476 |
Capital Shares | 5,335 |
TOTAL | $88,139 |
Other Service Fees Incurred | |
Service Shares | $104,467 |
Cash II Shares | 5,970 |
Cash Series Shares | 31,418 |
Capital Shares | 20,063 |
TOTAL | $161,918 |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Wealth Shares: | Shares | Amount | Shares | Amount |
Shares sold | 674,657,151 | $674,657,151 | 716,140,259 | $716,140,259 |
Shares issued to shareholders in payment of distributions declared | 5,345,538 | 5,345,538 | 2,011,741 | 2,011,741 |
Shares redeemed | (664,007,419) | (664,007,419) | (544,350,957) | (544,350,957) |
NET CHANGE RESULTING FROM WEALTH SHARE TRANSACTIONS | 15,995,270 | $15,995,270 | 173,801,043 | $173,801,043 |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 208,942,071 | $208,942,071 | 267,221,234 | $267,221,234 |
Shares issued to shareholders in payment of distributions declared | 722,400 | 722,400 | 380,581 | 380,581 |
Shares redeemed | (259,749,532) | (259,749,532) | (265,931,531) | (265,931,531) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (50,085,061) | $(50,085,061) | 1,670,284 | $1,670,284 |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 4,197,412 | $4,197,412 | 112,711,783 | $112,711,783 |
Shares issued to shareholders in payment of distributions declared | 50,665 | 50,665 | 128,478 | 128,478 |
Shares redeemed | (3,624,916) | (3,624,916) | (342,499,314) | (342,499,314) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | 623,161 | $623,161 | (229,659,053) | $(229,659,053) |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 11,500,713 | $11,500,713 | 41,161,950 | $41,161,950 |
Shares issued to shareholders in payment of distributions declared | 224,951 | 224,951 | 75,099 | 75,099 |
Shares redeemed | (22,334,402) | (22,334,402) | (36,769,446) | (36,769,446) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | (10,608,738) | $(10,608,738) | 4,467,603 | $4,467,603 |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 31,881,484 | $31,881,484 | 50,279,882 | $50,279,882 |
Shares issued to shareholders in payment of distributions declared | 476,132 | 476,132 | 242,599 | 242,599 |
Shares redeemed | (37,541,208) | (37,541,208) | (65,528,406) | (65,528,406) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (5,183,592) | $(5,183,592) | (15,005,925) | $(15,005,925) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (49,258,960) | $(49,258,960) | (64,726,048) | $(64,726,048) |
Short-Term | Long-Term | Total |
$14,825 | $— | $14,825 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Cash II Shares | 0.20% |
Cash Series Shares | 0.60% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Cash II Shares | $4,776 | $(1,194) |
Cash Series Shares | 77,664 | (12,944) |
TOTAL | $82,440 | $(14,138) |
Beginning Account Value 11/1/2022 | Ending Account Value 4/30/2023 | Expenses Paid During Period1 | |
Actual: | |||
Wealth Shares | $1,000 | $1,012.70 | $1.40 |
Service Shares | $1,000 | $1,011.40 | $2.64 |
Cash II Shares | $1,000 | $1,010.70 | $3.39 |
Cash Series Shares | $1,000 | $1,008.90 | $5.13 |
Capital Shares | $1,000 | $1,012.20 | $1.90 |
Hypothetical (assuming a 5% return before expenses): | |||
Wealth Shares | $1,000 | $1,023.41 | $1.40 |
Service Shares | $1,000 | $1,022.17 | $2.66 |
Cash II Shares | $1,000 | $1,021.42 | $3.41 |
Cash Series Shares | $1,000 | $1,019.69 | $5.16 |
Capital Shares | $1,000 | $1,022.91 | $1.91 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Wealth Shares | 0.28% |
Service Shares | 0.53% |
Cash II Shares | 0.68% |
Cash Series Shares | 1.03% |
Capital Shares | 0.38% |
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 60934N351
CUSIP 60934N179
CUSIP 608919403
CUSIP 608919502
Share Class | Ticker | Wealth | CAIXX |
Federated Hermes California Municipal Cash Trust
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Variable Rate Demand Instruments | 63.1% |
Commercial Paper | 33.0% |
Municipal Notes | 4.3% |
Other Assets and Liabilities—Net2 | (0.4)% |
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 | 46.0% |
8-30 Days | 4.6% |
31-90 Days | 48.8% |
91-180 Days | 1.0% |
181 Days or more | 0.0% |
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 | ||
1 | SHORT-TERM MUNICIPALS— 100.4% | ||
California— 100.4% | |||
$ 9,555,000 | Alameda Corridor Transportation Authority, CA, Tender Option Bond Trust Receipts (Series 2022-XF1364) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 4.010%, 5/4/2023 | $ 9,555,000 | |
3,365,000 | Banning, CA Unified School District, Tender Option Bond Trust Certificates (Series 2017-XF2440) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 3.980%, 5/4/2023 | 3,365,000 | |
3,320,000 | Calexico, CA Unified School District, Tender Option Bond Trust Certificates (2017-XG0118) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 3.980%, 5/4/2023 | 3,320,000 | |
14,000,000 | California Educational Facilities Authority (Stanford University), (Series S-1), CP, 2.500%, Mandatory Tender 5/5/2023 | 14,000,000 | |
17,200,000 | California Educational Facilities Authority (Stanford University), (Series S-4), CP, 2.800%, Mandatory Tender 6/20/2023 | 17,200,000 | |
9,450,000 | California Enterprise Development Authority (Humane Society Silicon Valley), (Series 2008) Weekly VRDNs, (Federal Home Loan Bank of San Francisco LOC), 4.910%, 5/4/2023 | 9,450,000 | |
16,000,000 | California Health Facilities Financing Authority (Cedars-Sinai Medical Center), Tender Option Bond Trust Receipts (Series 2022-MS0007) TOBs, (Morgan Stanley Bank, N.A. LIQ), 3.760%, Optional Tender 6/29/2023 | 16,000,000 | |
49,315,000 | California Health Facilities Financing Authority (Dignity Health (Catholic Healthcare West)), Golden Blue (Series 2017-004) VRENs, (Barclays Bank PLC LIQ)/(Barclays Bank PLC LOC), 4.010%, 5/4/2023 | 49,315,000 | |
15,000,000 | California Health Facilities Financing Authority (Kaiser Permanente), (Series 2006D), CP, 3.000%, Mandatory Tender 5/4/2023 | 15,000,000 | |
5,000,000 | California Health Facilities Financing Authority (Kaiser Permanente), RBC Muni Products (Series G-44) TOBs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 4.010%, Mandatory Tender 5/1/2023 | 5,000,000 | |
4,590,000 | California Health Facilities Financing Authority (Providence St. Joseph Health), Tender Option Bond Trust Receipts (Series 2018-XM0696) Weekly VRDNs, (Bank of America N.A. LIQ), 3.960%, 5/4/2023 | 4,590,000 | |
5,100,000 | California Health Facilities Financing Authority (Sutter Health), Tender Option Bond Trust Receipts (Series 2018-XF0622) Weekly VRDNs, (Toronto Dominion Bank LIQ), 3.910%, 5/4/2023 | 5,100,000 | |
9,656,000 | California HFA (Hope on Broadway LP), Tender Option Bond Trust Receipts (Series 2022-XF3018) Weekly VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.210%, 5/4/2023 | 9,656,000 | |
2,400,000 | California HFA (Residency at Empire I LP), Tender Option Bond Trust Receipts (Series 2022-XF3077) Weekly VRDNs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.160%, 5/4/2023 | 2,400,000 | |
3,000,000 | California HFA, Tender Option Bond Trust Floater Certificates (Series 2022-XF3059) Weekly VRDNs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.210%, 5/4/2023 | 3,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 4,450,000 | California Infrastructure & Economic Development Bank (Los Angeles Society for the Prevention of Cruelty to Animals), (Series 2002A) Weekly VRDNs, (Bank of New York Mellon, N.A. LOC), 3.800%, 5/4/2023 | $ 4,450,000 | |
8,170,000 | California Infrastructure & Economic Development Bank (St. Margaret of Scotland Episcopal School), (Series 2008) Monthly VRDNs, (Federal Home Loan Bank of San Francisco LOC), 4.250%, 5/1/2023 | 8,170,000 | |
4,480,000 | California Municipal Finance Authority (Brawley Pacific Associates III), Tender Option Bond Trust Receipts (Series 2022-XF3027) Weekly VRDNs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.210%, 5/4/2023 | 4,480,000 | |
5,475,000 | California Municipal Finance Authority (Montague Parkway Associates LP), Tender Option Bond Trust Floater Certificates (2020-MIZ9041) Daily VRDNs, (Federal Home Loan Mortgage Corp. GTD)/(Mizuho Bank Ltd. LIQ), 3.900%, 5/1/2023 | 5,475,000 | |
3,655,000 | California State Municipal Finance Authority (CHF-Davis II LLC), Tender Option Bond Trust Certificates (Series 2023-XG0465) Weekly VRDNs, (Build America Mutual Assurance INS)/(Wells Fargo Bank, N.A. LIQ), 3.970%, 5/4/2023 | 3,655,000 | |
4,663,000 | California State University Institute, (Series A), CP, (State Street Bank and Trust Co. LOC)/(Wells Fargo Bank, N.A. LOC), 2.800%, Mandatory Tender 6/5/2023 | 4,663,000 | |
14,423,000 | California State University Institute, (Series A), CP, (State Street Bank and Trust Co. LOC)/(Wells Fargo Bank, N.A. LOC), 2.800%, Mandatory Tender 6/5/2023 | 14,423,000 | |
15,000,000 | California State, (Series A-3), CP, (UBS AG LOC), 2.900%, Mandatory Tender 6/5/2023 | 15,000,000 | |
1,705,000 | California State, Tender Option Bond Trust Receipts (Series 2022-XF1415) Weekly VRDNs, (Toronto Dominion Bank LIQ), 3.890%, 5/4/2023 | 1,705,000 | |
7,500,000 | California Statewide Communities Development Authority (Enloe Medical Center Obligated Group), Tender Option Bond Trust Certificates (Series 2022-XL0363) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 4.010%, 5/4/2023 | 7,500,000 | |
10,015,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2004E), CP, 3.200%, Mandatory Tender 6/6/2023 | 10,015,000 | |
34,150,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2004K), CP, 3.000%, Mandatory Tender 5/18/2023 | 34,150,000 | |
5,000,000 | California Statewide Communities Development Authority (Kaiser Permanente), (Series 2008B), CP, 3.000%, Mandatory Tender 7/6/2023 | 5,000,000 | |
22,730,000 | California Statewide Communities Development Authority (Kensington Apartments LP), Tender Option Bond Trust Floater Certificates (Series 2022-MIZ9113) VRENs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.160%, 5/4/2023 | 22,730,000 | |
5,600,000 | California Statewide Communities Development Authority Multi-Family Housing (Beaumont CA Leased Housing Associates I, LP), (2010 Series B: Mountain View Apartments) Weekly VRDNs, (Federal Home Loan Mortgage Corp. LOC), 3.940%, 5/4/2023 | 5,600,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$27,520,000 | California Statewide Communities Development Authority Multi-Family Housing (Uptown Newport Building Owner, LP), (2017 Series BB: One Uptown Newport Apartments) Weekly VRDNs, (Federal Home Loan Bank of Des Moines LOC), 3.990%, 5/4/2023 | $ 27,520,000 | |
15,550,000 | California Statewide Communities Development Authority Multi-Family Housing (Uptown Newport Building Owner, LP), (2021 Series A: One Uptown Newport Apartments) Weekly VRDNs, (Landesbank Hessen-Thuringen LOC), 4.010%, 5/4/2023 | 15,550,000 | |
2,500,000 | Clovis, CA Unified School District, Tender Option Bond Trust Receipts (Series 2022-ZL0367) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 3.890%, 5/4/2023 | 2,500,000 | |
10,000,000 | East Bay Municipal Utility District, CA Water System, (Series A-1), CP, (Sumitomo Mitsui Banking Corp. LIQ), 2.800%, Mandatory Tender 6/2/2023 | 10,000,000 | |
4,000,000 | East Bay Municipal Utility District, CA Water System, (Series A-2), CP, (Bank of America N.A. LIQ), 2.750%, Mandatory Tender 5/9/2023 | 4,000,000 | |
14,500,000 | Federal Home Loan Mortgage Corp., PUTTERs 3a-7 (Series 3005) Daily VRDNs, (Federal Home Loan Mortgage Corp. GTD)/(JPMorgan Chase Bank, N.A. LIQ), 3.750%, 5/1/2023 | 14,500,000 | |
1,485,000 | Hayward, CA Unified School District, Tender Option Bond Trust Receipts (Series 2022-XF1438) Weekly VRDNs, (Bank of America N.A. LIQ)/(Bank of America N.A. LOC), 3.890%, 5/4/2023 | 1,485,000 | |
4,370,000 | Long Beach, CA Unified School District, (Series 2023-XG0478) Weekly VRDNs, (Build America Mutual Assurance INS)/(Wells Fargo Bank, N.A. LIQ), 3.920%, 5/4/2023 | 4,370,000 | |
3,000,000 | Los Angeles County, CA Housing Authority Multi Family Housing (The Solemint Heights Partnership), Tender Option Bond Trust Floater Certificates (Series 2020-MIZ9039) Daily VRDNs, (Federal Home Loan Mortgage Corp. GTD)/(Mizuho Bank Ltd. LIQ), 3.900%, 5/1/2023 | 3,000,000 | |
4,985,000 | Lucia Mar, CA Unified School District, Tender Option Bond Trust Receipts (Series 2018-XG0181) Weekly VRDNs, (Bank of America N.A. LIQ), 3.900%, 5/4/2023 | 4,985,000 | |
5,000,000 | Municipal Improvement Corporation of Los Angeles, CA, (Series A-3), CP, (U.S. Bank, N.A. LOC), 3.500%, Mandatory Tender 6/23/2023 | 5,000,000 | |
4,000,000 | Municipal Improvement Corporation of Los Angeles, CA, (Series A-3), CP, (U.S. Bank, N.A. LOC), 3.500%, Mandatory Tender 6/23/2023 | 4,000,000 | |
12,700,000 | Nuveen California AMT-Free Quality Municipal Income Fund, (Series 3) MuniFund Preferred Shares Weekly VRDPs, (Toronto Dominion Bank LIQ), 3.900%, 5/4/2023 | 12,700,000 | |
11,200,000 | Pajaro Valley, CA Unified School District, Tender Option Bond Trust Receipts (Series 2022-XG0378 Weekly VRDNs, (Bank of America N.A. LIQ), 3.940%, 5/4/2023 | 11,200,000 | |
9,024,000 | Pimco California Municipal Income Fund III, Tender Option Bond Trust Receipts (Series UA-7002) Weekly VRDNs, (UBS AG LIQ), 4.060%, 5/5/2023 | 9,024,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$19,975,000 | Pimco California Municipal Income Fund III, Tender Option Bond Trust Receipts (Series UA-7003) Weekly VRDNs, (UBS AG LIQ), 3.010%, 5/3/2023 | $ 19,975,000 | |
11,500,000 | Pimco California Municipal Income Fund, Tender Option Bond Trust Receipts (Series UA-7005) Weekly VRDNs, (UBS AG LIQ), 3.010%, 5/2/2023 | 11,500,000 | |
5,690,000 | Pomona, CA Unified School District, Tender Option Bond Trust Certificates (Series 2017-XF2446) Weekly VRDNs, (Build America Mutual Assurance INS)/(Citibank N.A., New York LIQ), 3.930%, 5/4/2023 | 5,690,000 | |
25,000,000 | River Islands, CA Public Financing Authority (River Islands, CA Public Financing Authority-Community Facilities District No. 2015-1), Tender Option Bond Trust Floater Certificates (Series 2022-MIZ9110) VRENs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.110%, 5/4/2023 | 25,000,000 | |
5,000,000 | Riverside County, CA, Teeter Plan Obligation Notes (2022 Series A) BANs, 3.700%, 10/19/2023 | 5,009,065 | |
1,580,000 | Sacramento, CA Area Flood Control Agency Consolidated Capital Assessment District No. 2, RBC Muni Products (Series G-118) TOBs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 3.850%, Optional Tender 10/2/2023 | 1,580,000 | |
10,000,000 | Sacramento, CA Municipal Utility District, (Subseries M-1), CP, (Bank of America N.A. LOC), 2.800%, Mandatory Tender 5/15/2023 | 10,000,000 | |
9,000,000 | San Diego County, CA Water Authority, CP Notes (Series 10), CP, 2.800%, Mandatory Tender 6/2/2023 | 9,000,000 | |
11,404,000 | San Diego, CA Water Utility Fund, (Series A), CP, (Bank of America N.A. LOC), 3.300%, Mandatory Tender 6/29/2023 | 11,404,000 | |
8,000,000 | San Diego, CA Water Utility Fund, (Series A), CP, (Bank of America N.A. LOC), 3.300%, Mandatory Tender 6/29/2023 | 8,000,000 | |
25,000,000 | San Francisco, CA City and County (Transbay Block 8 Tower Apartments Obligated Group), Mizuho 3a-7 (2021-MIZ9063) VRENs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.160%, 5/4/2023 | 25,000,000 | |
500,000 | Santa Ana, CA United School District, Tender Option Bond Certificates (Series 2022-XL0387) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 3.920%, 5/4/2023 | 500,000 | |
8,000,000 | Sonoma County, CA (Cotati-Rohnert Park Unified School District), Tender Option Bond Trust Certificates (2017-XF2466) Weekly VRDNs, (Build America Mutual Assurance INS)/(Citibank N.A., New York LIQ), 3.960%, 5/4/2023 | 8,000,000 | |
7,000,000 | Sweetwater, CA Union High School District, Tender Option Bond Trust (Series 2022-XF1394) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 3.980%, 5/4/2023 | 7,000,000 | |
4,000,000 | Sweetwater, CA Union High School District, Tender Option Bond Trust Receipts (2018-XF0704) Weekly VRDNs, (Toronto Dominion Bank LIQ), 4.060%, 5/4/2023 | 4,000,000 | |
8,490,000 | Twin Rivers, CA Unified School District, Tender Option Bond Trust Certificates (Series 2017-XF2442) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 3.960%, 5/4/2023 | 8,490,000 | |
10,000,000 | University of California (The Regents of), (Series A), CP, 3.000%, Mandatory Tender 5/3/2023 | 10,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
California— continued | |||
$ 5,000,000 | University of California (The Regents of), (Series A), CP, 3.000%, Mandatory Tender 5/3/2023 | $ 5,000,000 | |
3,000,000 | University of California (The Regents of), (Series A), CP, 3.000%, Mandatory Tender 5/3/2023 | 3,000,000 | |
4,945,000 | University of California (The Regents of), (Series A), CP, 3.000%, Mandatory Tender 5/3/2023 | 4,945,000 | |
2,000,000 | University of California (The Regents of), Tender Option Bond Trust Receipts (Series 2022-ZL0348) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 3.890%, 5/4/2023 | 2,000,000 | |
1,900,000 | Washington Township, CA Health Care District, Tender Option Bond Trust Receipts (Series 2022-XL0384) Weekly VRDNs, (Royal Bank of Canada LIQ)/(Royal Bank of Canada LOC), 3.890%, 5/4/2023 | 1,900,000 | |
18,775,000 | Whittier, CA Health Facility Revenue Bonds (Presbyterian Intercommunity Hospital Obligated Group), Golden Blue 3a-7 (Series 2018-030) VRENs, (Barclays Bank PLC LIQ)/(Barclays Bank PLC LOC), 4.010%, 5/4/2023 | 18,775,000 | |
TOTAL INVESTMENT IN SECURITIES—100.4% (AT AMORTIZED COST)2 | 649,569,065 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.4)%3 | (2,708,788) | ||
TOTAL NET ASSETS—100% | $646,860,277 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Also represents cost for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
BANs | —Bond Anticipation Notes | |
CP | —Commercial Paper | |
GTD | —Guaranteed | |
HFA | —Housing Finance Authority | |
INS | —Insured | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
PUTTERs | —Puttable Tax-Exempt Receipts | |
TOBs | —Tender Option Bonds | |
VRDNs | —Variable Rate Demand Notes | |
VRDPs | —Variable Rate Demand Preferreds | |
VRENs | —Variable Rate Extendible Notes |
Six Months Ended (unaudited) 4/30/2023 | Year Ended October 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 | 0.006 | 0.0001 | 0.005 | 0.013 | 0.011 |
Net realized gain (loss) | (0.000)1 | (0.000)1 | 0.0001 | 0.0001 | (0.000)1 | (0.000)1 |
TOTAL FROM INVESTMENT OPERATIONS | 0.013 | 0.006 | 0.0001 | 0.005 | 0.013 | 0.011 |
Less Distributions: | ||||||
Distributions from net investment income | (0.013) | (0.006) | (0.000)1 | (0.005) | (0.013) | (0.011) |
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) | (0.006) | (0.000)1 | (0.005) | (0.013) | (0.011) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.27% | 0.62% | 0.02% | 0.53% | 1.28% | 1.10% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.28%4 | 0.24% | 0.13% | 0.27% | 0.28% | 0.28% |
Net investment income | 2.53%4 | 0.67% | 0.01% | 0.54% | 1.25% | 1.10% |
Expense waiver/reimbursement5 | 0.18%4 | 0.19% | 0.29% | 0.15% | 0.14% | 0.19% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $523,672 | $507,675 | $333,923 | $584,821 | $678,115 | $372,325 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
April 30, 2023 (unaudited)
Assets: | |
Investment in securities, at amortized cost and fair value | $649,569,065 |
Cash | 72,585 |
Income receivable | 3,562,989 |
Receivable for shares sold | 82,761 |
Total Assets | 653,287,400 |
Liabilities: | |
Payable for investments purchased | 5,645,245 |
Payable for shares redeemed | 475,909 |
Income distribution payable | 199,516 |
Payable for investment adviser fee (Note 5) | 6,559 |
Payable for administrative fee (Note 5) | 4,141 |
Payable for distribution services fee (Note 5) | 9,963 |
Payable for other service fees (Notes 2 and 5) | 20,508 |
Accrued expenses (Note 5) | 65,282 |
Total Liabilities | 6,427,123 |
Net assets for 646,845,841 shares outstanding | $646,860,277 |
Net Assets Consist of: | |
Paid-in capital | $646,845,806 |
Total distributable earnings (loss) | 14,471 |
Total Net Assets | $646,860,277 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Wealth Shares: | |
$523,671,678 ÷ 523,659,994 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$58,540,871 ÷ 58,539,562 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$6,034,343 ÷ 6,034,208 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$21,596,507 ÷ 21,596,025 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Capital Shares: | |
$37,016,878 ÷ 37,016,052 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Six Months Ended April 30, 2023 (unaudited)
Investment Income: | |
Interest | $9,313,715 |
Expenses: | |
Investment adviser fee (Note 5) | 993,891 |
Administrative fee (Note 5) | 259,662 |
Custodian fees | 11,863 |
Transfer agent fees | 88,139 |
Directors’/Trustees’ fees (Note 5) | 2,021 |
Auditing fees | 11,672 |
Legal fees | 3,622 |
Portfolio accounting fees | 79,745 |
Distribution services fee (Note 5) | 82,440 |
Other service fees (Notes 2 and 5) | 161,918 |
Share registration costs | 73,311 |
Printing and postage | 14,165 |
Miscellaneous (Note 5) | 5,885 |
TOTAL EXPENSES | 1,788,334 |
Waivers: | |
Waiver of investment adviser fee (Note 5) | (600,111) |
Waiver of other operating expenses (Note 5) | (14,138) |
TOTAL WAIVERS | (614,249) |
Net expenses | 1,174,085 |
Net investment income | 8,139,630 |
Net realized loss on investments | (937) |
Change in net assets resulting from operations | $8,138,693 |
Six Months Ended (unaudited) 4/30/2023 | Year Ended 10/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $8,139,630 | $3,253,921 |
Net realized gain (loss) | (937) | (14,825) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 8,138,693 | 3,239,096 |
Distributions to Shareholders: | ||
Wealth Shares | (6,424,721) | (2,424,688) |
Service Shares | (948,498) | (464,523) |
Cash II Shares | (50,702) | (149,201) |
Cash Series Shares | (227,972) | (75,736) |
Capital Shares | (486,829) | (245,078) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (8,138,722) | (3,359,226) |
Share Transactions: | ||
Proceeds from sale of shares | 931,178,831 | 1,187,515,108 |
Net asset value of shares issued to shareholders in payment of distributions declared | 6,819,686 | 2,838,498 |
Cost of shares redeemed | (987,257,477) | (1,255,079,654) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (49,258,960) | (64,726,048) |
Change in net assets | (49,258,989) | (64,846,178) |
Net Assets: | ||
Beginning of period | 696,119,266 | 760,965,444 |
End of period | $646,860,277 | $696,119,266 |
Transfer Agent Fees Incurred | |
Wealth Shares | $67,211 |
Service Shares | 11,478 |
Cash II Shares | 639 |
Cash Series Shares | 3,476 |
Capital Shares | 5,335 |
TOTAL | $88,139 |
Other Service Fees Incurred | |
Service Shares | $104,467 |
Cash II Shares | 5,970 |
Cash Series Shares | 31,418 |
Capital Shares | 20,063 |
TOTAL | $161,918 |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Wealth Shares: | Shares | Amount | Shares | Amount |
Shares sold | 674,657,151 | $674,657,151 | 716,140,259 | $716,140,259 |
Shares issued to shareholders in payment of distributions declared | 5,345,538 | 5,345,538 | 2,011,741 | 2,011,741 |
Shares redeemed | (664,007,419) | (664,007,419) | (544,350,957) | (544,350,957) |
NET CHANGE RESULTING FROM WEALTH SHARE TRANSACTIONS | 15,995,270 | $15,995,270 | 173,801,043 | $173,801,043 |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 208,942,071 | $208,942,071 | 267,221,234 | $267,221,234 |
Shares issued to shareholders in payment of distributions declared | 722,400 | 722,400 | 380,581 | 380,581 |
Shares redeemed | (259,749,532) | (259,749,532) | (265,931,531) | (265,931,531) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (50,085,061) | $(50,085,061) | 1,670,284 | $1,670,284 |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 4,197,412 | $4,197,412 | 112,711,783 | $112,711,783 |
Shares issued to shareholders in payment of distributions declared | 50,665 | 50,665 | 128,478 | 128,478 |
Shares redeemed | (3,624,916) | (3,624,916) | (342,499,314) | (342,499,314) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | 623,161 | $623,161 | (229,659,053) | $(229,659,053) |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 11,500,713 | $11,500,713 | 41,161,950 | $41,161,950 |
Shares issued to shareholders in payment of distributions declared | 224,951 | 224,951 | 75,099 | 75,099 |
Shares redeemed | (22,334,402) | (22,334,402) | (36,769,446) | (36,769,446) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | (10,608,738) | $(10,608,738) | 4,467,603 | $4,467,603 |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Capital Shares: | Shares | Amount | Shares | Amount |
Shares sold | 31,881,484 | $31,881,484 | 50,279,882 | $50,279,882 |
Shares issued to shareholders in payment of distributions declared | 476,132 | 476,132 | 242,599 | 242,599 |
Shares redeemed | (37,541,208) | (37,541,208) | (65,528,406) | (65,528,406) |
NET CHANGE RESULTING FROM CAPITAL SHARE TRANSACTIONS | (5,183,592) | $(5,183,592) | (15,005,925) | $(15,005,925) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (49,258,960) | $(49,258,960) | (64,726,048) | $(64,726,048) |
Short-Term | Long-Term | Total |
$14,825 | $— | $14,825 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Cash II Shares | 0.20% |
Cash Series Shares | 0.60% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Cash II Shares | $4,776 | $(1,194) |
Cash Series Shares | 77,664 | (12,944) |
TOTAL | $82,440 | $(14,138) |
Beginning Account Value 11/1/2022 | Ending Account Value 4/30/2023 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,012.70 | $1.40 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,023.41 | $1.40 |
1 | Expenses are equal to the Fund’s Wealth Shares annualized net expense ratio of 0.28%, multiplied by the average account value over the period, multiplied by 181/365 (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 | FFTXX | Premier | FTFXX |
Federated Hermes Institutional Tax-Free Cash Trust
A Portfolio of Federated Hermes Money Market Obligations Trust
The Share Price will fluctuate. It is possible to lose money by investing in the Fund.
Security Type | Percentage of Total Net Assets |
Variable Rate Demand Instruments | 96.0% |
Commercial Paper | 4.1% |
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 | 100.1% |
8-30 Days | 0.0% |
31-90 Days | 0.0% |
91-180 Days | 0.0% |
181 Days or more | 0.0% |
Other Assets and Liabilities—Net2 | (0.1)% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— 100.1% | ||
Alabama— 2.7% | |||
$ 4,300,000 | Alabama HFA Multi-Family Housing (Double Lake Ventures LLC), (2000 Series A:Turtle Lake) Weekly VRDNs, (FNMA LOC), 3.940%, 5/4/2023 | $ 4,300,000 | |
28,000,000 | Mobile County, AL IDA Gulf Opportunity Zone (SSAB Alabama, Inc.), (Series 2011) Weekly VRDNs, (Nordea Bank Abp LOC), 3.940%, 5/4/2023 | 28,000,000 | |
4,505,000 | Mobile, AL IDB (HighProv, LLC), (Series 2006) Weekly VRDNs, (FHLB of Dallas LOC), 4.080%, 5/4/2023 | 4,505,000 | |
11,200,000 | Tuscaloosa County, AL Port Authority (Tuscaloosa Riverfront Development, LLC), (Series 2007: Gulf Opportunity Zone Bonds) Weekly VRDNs, (FHLB of Atlanta LOC), 3.910%, 5/4/2023 | 11,200,000 | |
TOTAL | 48,005,000 | ||
Alaska— 0.0% | |||
110,000 | Alaska State Housing Finance Corp., (Series 2001A) Weekly VRDNs, 3.800%, 5/4/2023 | 110,000 | |
Arizona— 3.2% | |||
33,600,000 | Arizona State IDA (Phoenix Children’s Hospital), (Series 2019B) Daily VRDNs, (Bank of America N.A. LOC), 3.730%, 5/1/2023 | 33,600,000 | |
4,000,000 | Maricopa County, AZ, IDA Solid Waste Disposal (DC Paloma 2 LLC), (Series 2009) Weekly VRDNs, (CoBank, ACB LOC), 3.910%, 5/4/2023 | 4,000,000 | |
20,000,000 | Yavapai County, AZ IDA - Recovery Zone Facility (Skanon Investments, Inc.), (Series 2010: Drake Cement Project) Weekly VRDNs, (Bank of Nova Scotia, Toronto LOC), 3.950%, 5/4/2023 | 20,000,000 | |
TOTAL | 57,600,000 | ||
Colorado— 0.2% | |||
3,000,000 | Colorado Health Facilities Authority (National Jewish Medical and Research Center), (Series 2005) Weekly VRDNs, (UMB Bank, N.A. LOC), 4.500%, 5/4/2023 | 3,000,000 | |
Florida— 12.0% | |||
2,810,000 | Coconut Creek, FL (Junior Achievement of South Florida, Inc.), (Series 2007) Weekly VRDNs, (TD Bank, N.A. LOC), 4.010%, 5/4/2023 | 2,810,000 | |
11,600,000 | Escambia County, FL Solid Waste Disposal (Florida Power & Light Co.), (First Series 2009) Daily VRDNs, 3.900%, 5/1/2023 | 11,600,000 | |
10,125,000 | Hillsborough County, FL IDA (Baycare Health System), (Series 2020B) Daily VRDNs, (TD Bank, N.A. LOC), 3.800%, 5/1/2023 | 10,125,000 | |
12,030,000 | Jacksonville, FL EDC (JEA, FL Electric System), (Series 2000-A), CP, (U.S. Bank, N.A. LIQ), 3.890%, Mandatory Tender 5/4/2023 | 12,030,000 | |
29,550,000 | JEA, FL Electric System, (Series 2008 D) Daily VRDNs, (U.S. Bank, N.A. LIQ), 3.750%, 5/1/2023 | 29,550,000 | |
3,900,000 | JEA, FL Electric System, (Series Three 2008B-2: Senior Revenue Bonds) Weekly VRDNs, (Royal Bank of Canada LIQ), 3.850%, 5/3/2023 | 3,900,000 | |
20,425,000 | JEA, FL Electric System, (Series Three 2008C-2: Senior Revenue Bonds) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 3.770%, 5/4/2023 | 20,425,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Florida— continued | |||
$ 12,845,000 | JEA, FL Water & Sewer System, (2008 Series A-2: Subordinate Revenue Bonds) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 3.900%, 5/4/2023 | $ 12,845,000 | |
8,000,000 | Manatee County, FL (Florida Power & Light Co.), Pollution Control Revenue Refunding Bonds (Series 1994) Daily VRDNs, 3.950%, 5/1/2023 | 8,000,000 | |
1,750,000 | Martin County, FL (Florida Power & Light Co.), (Series 2022) Weekly VRDNs, 3.950%, 5/4/2023 | 1,750,000 | |
5,115,000 | Orange County, FL HFA (Post Fountains at Lee Vista), (Series 1997E) Weekly VRDNs, (FNMA LOC), 3.740%, 5/3/2023 | 5,115,000 | |
1,000,000 | Putnam County, FL Development Authority (Florida Power & Light Co.), (PCR: Series 1994) Daily VRDNs, 3.950%, 5/1/2023 | 1,000,000 | |
58,275,000 | St. Lucie County, FL PCRB (Florida Power & Light Co.), (Series 2000) Daily VRDNs, 4.000%, 5/1/2023 | 58,275,000 | |
35,965,000 | West Palm Beach, FL, Utility System Variable Rate Revenue Bonds (Series 2008C) Weekly VRDNs, (Assured Guaranty Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 4.010%, 5/3/2023 | 35,965,000 | |
TOTAL | 213,390,000 | ||
Georgia— 0.3% | |||
1,700,000 | Monroe County, GA Development Authority (Florida Power & Light Co.), Pollution Control Revenue Bonds (First Series 2002) Daily VRDNs, 3.850%, 5/1/2023 | 1,700,000 | |
3,000,000 | Monroe County, GA Development Authority (Florida Power & Light Co.), Pollution Control Revenue Bonds (First Series 2010) Daily VRDNs, 4.000%, 5/1/2023 | 3,000,000 | |
TOTAL | 4,700,000 | ||
Illinois— 1.8% | |||
19,000,000 | Illinois Finance Authority (Northwestern Memorial Healthcare), (Series B) Daily VRDNs, (Royal Bank of Canada LIQ), 3.780%, 5/1/2023 | 19,000,000 | |
850,000 | Illinois Finance Authority (UChicago Medicine), (Series 2010A) Daily VRDNs, (Bank of America N.A. LOC), 3.770%, 5/1/2023 | 850,000 | |
9,000,000 | Jackson-Union Counties, IL Regional Port District Facilities (Enron Transportation Services), (Series 1994) Weekly VRDNs, (Wells Fargo Bank, N.A. LOC), 3.840%, 5/3/2023 | 9,000,000 | |
3,995,000 | Southwestern Illinois Development Authority (Molinero, Inc.), (Series 2010) Weekly VRDNs, (BMO Harris Bank, N.A. LOC), 3.860%, 5/4/2023 | 3,995,000 | |
TOTAL | 32,845,000 | ||
Indiana— 4.0% | |||
32,000,000 | Indiana State Finance Authority (Ascension Health Alliance Senior Credit Group), (Series 2008E-4) Weekly VRDNs, 3.900%, 5/3/2023 | 32,000,000 | |
25,840,000 | Indiana State Finance Authority Environmental (Duke Energy Indiana, Inc.), (Series 2009A-4) Daily VRDNs, (Sumitomo Mitsui Banking Corp. LOC), 3.850%, 5/1/2023 | 25,840,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Indiana— continued | |||
$ 5,000,000 | Indiana State Finance Authority Health System (Sisters of St. Francis Health Services, Inc.), (Series 2008I) Daily VRDNs, (Barclays Bank plc LOC), 3.770%, 5/1/2023 | $ 5,000,000 | |
7,545,000 | Valparaiso, IN EDRB (Pines Village Retirement Community, Inc.), (Series 2008) Weekly VRDNs, (Wells Fargo Bank, N.A. LOC), 4.290%, 5/4/2023 | 7,545,000 | |
TOTAL | 70,385,000 | ||
Iowa— 3.7% | |||
1,280,000 | Iowa Finance Authority - Health Facilities (UnityPoint Health), (Series 2013B-2) Daily VRDNs, (TD Bank, N.A. LOC), 3.800%, 5/1/2023 | 1,280,000 | |
6,200,000 | Iowa Finance Authority (Cargill, Inc.), (Series 2009B) Weekly VRDNs, 3.910%, 5/4/2023 | 6,200,000 | |
3,600,000 | Iowa Finance Authority (Cargill, Inc.), Midwestern Disaster Area EDRBs (Series 2009A) Weekly VRDNs, 3.890%, 5/4/2023 | 3,600,000 | |
12,500,000 | Iowa Finance Authority (Cargill, Inc.), Midwestern Disaster Area EDRBs (Series 2011A) Weekly VRDNs, 3.890%, 5/4/2023 | 12,500,000 | |
41,500,000 | Iowa Finance Authority (HF Chlor-Alkali, LLC), (Series 2012) Weekly VRDNs, (Cargill, Inc. GTD), 3.910%, 5/4/2023 | 41,500,000 | |
TOTAL | 65,080,000 | ||
Louisiana— 5.1% | |||
1,070,000 | Hammond Area Economic & Industrial Development District, LA (AGEM Management Services LLC) Weekly VRDNs, (FHLB of Dallas LOC), 4.120%, 5/4/2023 | 1,070,000 | |
12,000,000 | Louisiana Local Government Environmental Facilities CDA (Isidore Newman School), (Series 2002) Weekly VRDNs, (FHLB of Dallas LOC), 2.960%, 5/3/2023 | 12,000,000 | |
3,040,000 | Louisiana Local Government Environmental Facilities CDA (The Academy of the Sacred Heart of New Orleans), (Series 2004) Weekly VRDNs, (FHLB of Dallas LOC), 2.960%, 5/3/2023 | 3,040,000 | |
3,350,000 | Louisiana Local Government Environmental Facilities CDA (The Christ Episcopal Church in Covington), (Series 2004) Weekly VRDNs, (FHLB of Dallas LOC), 2.960%, 5/3/2023 | 3,350,000 | |
22,000,000 | Louisiana State Gas & Fuels Second Lien, (Series 2023 A-2) Daily VRDNs, (TD Bank, N.A. LOC), 3.800%, 5/1/2023 | 22,000,000 | |
3,775,000 | St. James Parish, LA (Nucor Steel Louisiana LLC), (Series 2010A-1) Weekly VRDNs, (Nucor Corp. GTD), 4.350%, 5/3/2023 | 3,775,000 | |
40,700,000 | St. James Parish, LA (Nucor Steel Louisiana LLC), (Series 2010B-1) Weekly VRDNs, (GTD by Nucor Corp.), 4.250%, 5/3/2023 | 40,700,000 | |
4,185,000 | St. Tammany Parish Development District, LA (Main Street Holdings of St.Tammany, LLC), (Series 2006A) Weekly VRDNs, (FHLB of Dallas LOC), 4.080%, 5/4/2023 | 4,185,000 | |
TOTAL | 90,120,000 | ||
Michigan— 4.4% | |||
300,000 | Green Lake Township, MI (Interlochen Center) Daily VRDNs, (BMO Harris Bank, N.A. LOC), 3.800%, 5/1/2023 | 300,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Michigan— continued | |||
$ 16,200,000 | Michigan Strategic Fund (Kroger Co.), (Series 2010) Weekly VRDNs, (Bank of Nova Scotia, Toronto LOC), 3.900%, 5/4/2023 | $ 16,200,000 | |
11,080,000 | St. Joseph, MI Hospital Finance Authority (Lakeland Hospitals at Niles & St. Joseph Obligated Group), (Series 2002) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 3.850%, 5/4/2023 | 11,080,000 | |
16,800,000 | St. Joseph, MI Hospital Finance Authority (Lakeland Hospitals at Niles & St. Joseph Obligated Group), (Series 2003) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 3.850%, 5/4/2023 | 16,800,000 | |
33,200,000 | St. Joseph, MI Hospital Finance Authority (Lakeland Hospitals at Niles & St. Joseph Obligated Group), (Series 2006) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 3.850%, 5/4/2023 | 33,200,000 | |
TOTAL | 77,580,000 | ||
Minnesota— 4.4% | |||
3,765,000 | Inver Grove Heights, MN (PHM/Inver Grove, Inc.), (Series 2005) Weekly VRDNs, (FNMA LOC), 3.830%, 5/4/2023 | 3,765,000 | |
10,005,000 | Minneapolis, MN (One Ten Grant Project), Variable Rate Housing Revenue Bonds Weekly VRDNs, (FNMA LOC), 3.900%, 5/4/2023 | 10,005,000 | |
7,500,000 | Moorhead, MN (American Crystal Sugar Co.), Series 2020 Weekly VRDNs, (CoBank, ACB LOC), 3.940%, 5/4/2023 | 7,500,000 | |
57,105,000 | Rochester, MN Health Care Facility Authority (Mayo Clinic), (Series A) Weekly VRDNs, 3.950%, 5/3/2023 | 57,105,000 | |
TOTAL | 78,375,000 | ||
Mississippi— 2.1% | |||
37,400,000 | Perry County, MS (Leaf River Cellulose LLC), (Series 2021) Weekly VRDNs, (Georgia-Pacific LLC GTD), 4.050%, 5/4/2023 | 37,400,000 | |
Multi-State— 6.5% | |||
24,000,000 | Nuveen AMT-Free Municipal Credit Income Fund, (Series 4) MuniFund Preferred Shares Weekly VRDPs, (Societe Generale, Paris LIQ), 3.920%, 5/4/2023 | 24,000,000 | |
35,600,000 | Nuveen AMT-Free Municipal Credit Income Fund, (Series 5) MuniFund Preferred Shares Weekly VRDPs, (Societe Generale, Paris LIQ), 3.910%, 5/4/2023 | 35,600,000 | |
4,600,000 | Nuveen Enhanced AMT-Free Municipal Credit Opportunities Fund, (Series 2) MuniFund Preferred Shares Weekly VRDPs, (JPMorgan Chase Bank, N.A. LIQ), 3.920%, 5/4/2023 | 4,600,000 | |
9,000,000 | Nuveen Enhanced AMT-Free Quality Municipal Income Fund, (Series 3) Weekly VRDPs, (TD Bank, N.A. LIQ), 3.910%, 5/4/2023 | 9,000,000 | |
22,100,000 | Nuveen Enhanced AMT-Free Quality Municipal Income Fund, (Series 4) MuniFund Preferred Shares Weekly VRDPs, (Barclays Bank PLC LIQ), 3.910%, 5/4/2023 | 22,100,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Multi-State— continued | |||
$ 20,000,000 | Nuveen Enhanced AMT-Free Quality Municipal Income Fund, VRDP (Series 5-1000) Weekly VRDPs, (Sumitomo Mitsui Banking Corp. LIQ)/(Sumitomo Mitsui Banking Corp. LOC), 3.900%, 5/4/2023 | $ 20,000,000 | |
TOTAL | 115,300,000 | ||
Nebraska— 0.1% | |||
1,400,000 | Washington County, NE (Cargill, Inc.), (Series 2010) Weekly VRDNs, 3.910%, 5/4/2023 | 1,400,000 | |
New York— 15.7% | |||
6,135,000 | Metropolitan Transportation Authority, NY (MTA Dedicated Tax Fund), (Subseries 2008A-1) Daily VRDNs, (TD Bank, N.A. LOC), 3.750%, 5/1/2023 | 6,135,000 | |
8,800,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), (Subseries 2012A-2) Weekly VRDNs, (Bank of Montreal LOC), 3.950%, 5/4/2023 | 8,800,000 | |
3,000,000 | New York City Housing Development Corp. (2 Gold LLC), (Series 2006A: 2 Gold Street) Weekly VRDNs, (FNMA LOC), 3.890%, 5/3/2023 | 3,000,000 | |
8,970,000 | New York City, NY Municipal Water Finance Authority, (Series 2010CC) Daily VRDNs, (State Street Bank and Trust Co. LIQ), 3.750%, 5/1/2023 | 8,970,000 | |
27,525,000 | New York City, NY Municipal Water Finance Authority, (Series 2013AA-2) Weekly VRDNs, (Barclays Bank plc LIQ), 3.850%, 5/4/2023 | 27,525,000 | |
2,100,000 | New York City, NY Municipal Water Finance Authority, (Subseries CC) Daily VRDNs, (Barclays Bank plc LIQ), 3.770%, 5/1/2023 | 2,100,000 | |
1,500,000 | New York City, NY Municipal Water Finance Authority, Second General Resolution (Fiscal 2008 Series BB-2) Daily VRDNs, (Bank of America N.A. LIQ), 3.720%, 5/1/2023 | 1,500,000 | |
8,625,000 | New York City, NY Municipal Water Finance Authority, Second General Resolution (Fiscal 2011 Series DD-1) Daily VRDNs, (TD Bank, N.A. LIQ), 3.750%, 5/1/2023 | 8,625,000 | |
9,700,000 | New York City, NY Transitional Finance Authority, (Series 2014B-3) Daily VRDNs, (Barclays Bank plc LIQ), 3.770%, 5/1/2023 | 9,700,000 | |
3,965,000 | New York City, NY Transitional Finance Authority, (Series 2015A-3) Daily VRDNs, (Mizuho Bank Ltd. LIQ), 3.730%, 5/1/2023 | 3,965,000 | |
3,000,000 | New York City, NY Transitional Finance Authority, Fiscal 2016 Subseries A-4) Daily VRDNs, (Bank of America N.A. LIQ), 3.720%, 5/1/2023 | 3,000,000 | |
7,805,000 | New York City, NY Transitional Finance Authority, Future Tax Secured Subordinate Bonds (Series 2013C-5) Weekly VRDNs, (Sumitomo Mitsui Banking Corp. LIQ), 4.000%, 5/4/2023 | 7,805,000 | |
6,570,000 | New York City, NY, (Series 2019 D-4) Daily VRDNs, (Barclays Bank plc LIQ), 3.770%, 5/1/2023 | 6,570,000 | |
29,510,000 | New York City, NY, (Subseries A-2) Daily VRDNs, (Mizuho Bank Ltd. LOC), 3.750%, 5/1/2023 | 29,510,000 | |
345,000 | New York City, NY, Fiscal 2013 (Subseries A-3) Daily VRDNs, (Mizuho Bank Ltd. LOC), 3.750%, 5/1/2023 | 345,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$ 12,500,000 | New York State HFA (17th and 10th Associates, LLC), (Series 2009A: Related-Taconic West 17th Street) Weekly VRDNs, (FNMA LOC), 3.800%, 5/3/2023 | $ 12,500,000 | |
10,600,000 | New York State HFA (600 West 42nd Street), (2009 Series A) Weekly VRDNs, (FNMA LOC), 3.890%, 5/3/2023 | 10,600,000 | |
40,000,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 1) Weekly VRDPs, (Societe Generale, Paris LIQ), 3.900%, 5/4/2023 | 40,000,000 | |
8,200,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 2) Weekly VRDPs, (Royal Bank of Canada LIQ), 3.900%, 5/4/2023 | 8,200,000 | |
40,000,000 | Triborough Bridge & Tunnel Authority, NY, (Series B-2A) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 4.050%, 5/3/2023 | 40,000,000 | |
40,000,000 | Triborough Bridge & Tunnel Authority, NY, (Series B-2B) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 4.100%, 5/4/2023 | 40,000,000 | |
TOTAL | 278,850,000 | ||
North Carolina— 4.7% | |||
17,655,000 | Charlotte-Mecklenburg Hospital Authority, NC (Atrium Health (previously Carolinas HealthCare) System), (Series 2007E) Daily VRDNs, (TD Bank, N.A. LOC), 3.800%, 5/1/2023 | 17,655,000 | |
27,475,000 | Person County, NC Industrial Facilities & Pollution Control Financing Authority (Certainteed Gypsum, Inc.), (Series 2010) Weekly VRDNs, (Credit Industriel et Commercial LOC), 4.000%, 5/4/2023 | 27,475,000 | |
14,720,000 | University of North Carolina at Chapel Hill (University of North Carolina Hospitals), (Series 2001A) Daily VRDNs, (TD Bank, N.A. LIQ), 3.800%, 5/1/2023 | 14,720,000 | |
23,910,000 | University of North Carolina at Chapel Hill (University of North Carolina Hospitals), (Series 2001B) Daily VRDNs, (TD Bank, N.A. LIQ), 3.800%, 5/1/2023 | 23,910,000 | |
TOTAL | 83,760,000 | ||
Ohio— 0.5% | |||
4,000,000 | Ohio State (Capital Facilities Lease-Appropriation - Adult Correction Building Fund), (Series 2016C) Weekly VRDNs, (Ohio State LIQ), 3.450%, 5/3/2023 | 4,000,000 | |
5,700,000 | Ohio State University, (Series 2014 B-1) Weekly VRDNs, 3.650%, 5/4/2023 | 5,700,000 | |
TOTAL | 9,700,000 | ||
Oregon— 0.1% | |||
2,100,000 | Oregon State Facilities Authority (PeaceHealth), (2018 Series B) Daily VRDNs, (TD Bank, N.A. LOC), 3.800%, 5/1/2023 | 2,100,000 | |
Pennsylvania— 4.8% | |||
4,525,000 | Butler County, PA IDA (Concordia Lutheran Obligated Group), (Series A of 2008) Weekly VRDNs, (Truist Bank LOC), 3.980%, 5/4/2023 | 4,525,000 | |
81,500,000 | Pittsburgh & Allegheny County, PA Sports & Exhibition Authority, (Series A of 2007) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(PNC Bank, N.A. LIQ), 3.840%, 5/4/2023 | 81,500,000 | |
TOTAL | 86,025,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
South Carolina— 0.2% | |||
$ 2,695,000 | South Carolina Jobs-EDA (Brashier Charter, LLC), (Series 2008) Weekly VRDNs, (Truist Bank LOC), 3.950%, 5/3/2023 | $ 2,695,000 | |
Tennessee— 3.6% | |||
3,100,000 | Blount County, TN Public Building Authority (Bradley County, TN), (Series E-6-A) Weekly VRDNs, (Truist Bank LOC), 3.980%, 5/3/2023 | 3,100,000 | |
4,765,000 | Blount County, TN Public Building Authority (Monroe County, TN), (Series E-7-A) Weekly VRDNs, (Truist Bank LOC), 3.980%, 5/3/2023 | 4,765,000 | |
15,000,000 | Johnson City, TN Health & Education Facilities Board (Ballad Health), (Series 2022B) Weekly VRDNs, (Truist Bank LOC), 3.930%, 5/4/2023 | 15,000,000 | |
11,000,000 | Shelby County, TN Health Education & Housing Facilities Board (Methodist Le Bonheur Healthcare), (Series 2008A) Daily VRDNs, (Assured Guaranty Municipal Corp. INS)/(U.S. Bank, N.A. LIQ), 3.750%, 5/1/2023 | 11,000,000 | |
29,900,000 | Shelby County, TN Health Education & Housing Facilities Board (Methodist Le Bonheur Healthcare), (Series 2008B) Daily VRDNs, (Assured Guaranty Municipal Corp. INS)/(U.S. Bank, N.A. LIQ), 3.750%, 5/1/2023 | 29,900,000 | |
TOTAL | 63,765,000 | ||
Texas— 14.6% | |||
60,000,000 | Harris County, TX Cultural Education Facilities Finance Corp. (Methodist Hospital, Harris County, TX), (Subseries 2009C-1), CP, 3.850%, Mandatory Tender 5/1/2023 | 60,000,000 | |
20,000,000 | Harris County, TX Cultural Education Facilities Finance Corp. (Texas Children’s Hospital), (Series 2015-3) Weekly VRDNs, (TD Bank, N.A. LOC), 3.950%, 5/3/2023 | 20,000,000 | |
17,200,000 | Harris County, TX Education Facilities Finance Corp. (Methodist Hospital, Harris County, TX), (Series 2020B) Daily VRDNs, 3.800%, 5/1/2023 | 17,200,000 | |
7,710,000 | Harris County, TX HFDC (Methodist Hospital, Harris County, TX), (Subseries 2008A-2) Daily VRDNs, 3.800%, 5/1/2023 | 7,710,000 | |
101,500,000 | Houston, TX Combined Utility System, (Series 2018 C) Weekly VRDNs, (Barclays Bank plc LOC), 3.890%, 5/4/2023 | 101,500,000 | |
6,320,000 | Pasadena, TX Independent School District, (Series 2005-B) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 3.850%, 5/4/2023 | 6,320,000 | |
3,200,000 | Tarrant County, TX Cultural Education Facilities Finance Corp. (Baylor Scott & White Health Care System), (Series 2011C) Daily VRDNs, (TD Bank, N.A. LOC), 3.800%, 5/1/2023 | 3,200,000 | |
8,565,000 | Tarrant County, TX Cultural Education Facilities Finance Corp. (Methodist Hospitals of Dallas), (Series 2008A) Daily VRDNs, (TD Bank, N.A. LOC), 3.800%, 5/1/2023 | 8,565,000 | |
10,000,000 | Tarrant County, TX Cultural Education Facilities Finance Corp. (Methodist Hospitals of Dallas), (Series 2008B) Daily VRDNs, (TD Bank, N.A. LOC), 3.810%, 5/1/2023 | 10,000,000 | |
25,000,000 | Texas State, (Series 2023) Weekly VRDNs, (State Street Bank and Trust Co. LIQ), 3.950%, 5/4/2023 | 25,000,000 | |
TOTAL | 259,495,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Utah— 0.1% | |||
$ 2,000,000 | St. George, UT IDRB (Apogee Enterprises, Inc.), (Series 2010) Weekly VRDNs, (Wells Fargo Bank, N.A. LOC), 3.910%, 5/4/2023 | $ 2,000,000 | |
Virginia— 3.2% | |||
34,975,000 | Albemarle County, VA EDA (Sentara Health Systems Obligation Group), (Series 2018B) Daily VRDNs, (TD Bank, N.A. LIQ), 3.800%, 5/1/2023 | 34,975,000 | |
15,825,000 | Loudoun County, VA IDA (Howard Hughes Medical Institute), (Series 2003F) Weekly VRDNs, 3.920%, 5/3/2023 | 15,825,000 | |
4,080,000 | Lynchburg, VA EDA (Centra Health Obligated Group), (Series 2017C) Weekly VRDNs, (Truist Bank LOC), 3.980%, 5/4/2023 | 4,080,000 | |
1,755,000 | Norfolk, VA, (Series 2007) Weekly VRDNs, (Bank of America N.A. LIQ), 3.820%, 5/3/2023 | 1,755,000 | |
TOTAL | 56,635,000 | ||
West Virginia— 1.1% | |||
18,770,000 | West Virginia State Hospital Finance Authority (Cabell Huntington Hospital), (Series 2008A) Weekly VRDNs, (Truist Bank LOC), 3.980%, 5/4/2023 | 18,770,000 | |
Wisconsin— 1.0% | |||
17,000,000 | Wisconsin State, (Series A) Weekly VRDNs, 3.950%, 5/4/2023 | 17,000,000 | |
TOTAL INVESTMENT IN SECURITIES—100.1% (AT AMORTIZED COST)2 | 1,776,085,000 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.1)%3 | (1,043,048) | ||
TOTAL NET ASSETS—100% | $1,775,041,952 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Also represents cost for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
CDA | —Community Development Authority | |
CP | —Commercial Paper | |
EDA | —Economic Development Authority | |
EDC | —Economic Development Commission | |
EDRB | —Economic Development Revenue Bond | |
EDRBs | —Economic Development Revenue Bonds | |
FHLB | —Federal Home Loan Bank | |
FNMA | —Federal National Mortgage Association | |
GTD | —Guaranteed | |
HFA | —Housing Finance Authority | |
HFDC | —Health Facility Development Corporation | |
IDA | —Industrial Development Authority | |
IDB | —Industrial Development Bond | |
IDRB | —Industrial Development Revenue Bond | |
INS | —Insured | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
PCRB | —Pollution Control Revenue Bond | |
UT | —Unlimited Tax | |
VRDNs | —Variable Rate Demand Notes | |
VRDP | —Variable Rate Demand Preferred | |
VRDPs | —Variable Rate Demand Preferreds |
Six Months Ended (unaudited) 4/30/2023 | Year Ended October 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0127 | 0.0062 | 0.0001 | 0.0060 | 0.0137 | 0.0114 |
Net realized gain (loss) | — | (0.0000)1 | — | — | — | — |
Total From Investment Operations | 0.0127 | 0.0062 | 0.0001 | 0.0060 | 0.0137 | 0.0114 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0127) | (0.0062) | (0.0001) | (0.0060) | (0.0137) | (0.0114) |
Net Asset Value, End of Period | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 |
Total Return2 | 1.28% | 0.62% | 0.01% | 0.60% | 1.38% | 1.15% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.20%4 | 0.18% | 0.08% | 0.19% | 0.20% | 0.20% |
Net investment income | 2.54%4 | 0.75% | 0.01% | 0.64% | 1.36% | 1.17% |
Expense waiver/reimbursement5 | 0.15%4 | 0.18% | 0.29% | 0.18% | 0.16% | 0.18% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,281,390 | $1,114,556 | $549,366 | $735,236 | $855,998 | $594,047 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 4/30/2023 | Year Ended October 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0129 | 0.0065 | 0.0001 | 0.0063 | 0.0142 | 0.0119 |
Net realized gain (loss) | — | (0.0000)1 | — | — | — | — |
Total From Investment Operations | 0.0129 | 0.0065 | 0.0001 | 0.0063 | 0.0142 | 0.0119 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0129) | (0.0065) | (0.0001) | (0.0063) | (0.0142) | (0.0119) |
Net Asset Value, End of Period | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 |
Total Return2 | 1.30% | 0.65% | 0.01% | 0.64% | 1.43% | 1.20% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.15%4 | 0.14% | 0.08% | 0.15% | 0.15% | 0.15% |
Net investment income | 2.56%4 | 0.83% | 0.01% | 0.72% | 1.42% | 1.21% |
Expense waiver/reimbursement5 | 0.15%4 | 0.17% | 0.24% | 0.17% | 0.16% | 0.18% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $493,652 | $784,152 | $301,266 | $398,163 | $515,446 | $420,808 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
April 30, 2023 (unaudited)
Assets: | |
Investment in securities, at amortized cost and fair value | $1,776,085,000 |
Cash | 467,116 |
Income receivable | 3,986,992 |
Receivable for shares sold | 5,877,582 |
Total Assets | 1,786,416,690 |
Liabilities: | |
Payable for investments purchased | 3,000,000 |
Payable for shares redeemed | 5,240,544 |
Income distribution payable | 3,015,968 |
Payable for investment adviser fee (Note 5) | 6,956 |
Payable for administrative fee (Note 5) | 11,368 |
Payable for other service fees (Note 2 ) | 56,726 |
Accrued expenses (Note 5) | 43,176 |
Total Liabilities | 11,374,738 |
Net assets for 1,775,022,028 shares outstanding | $1,775,041,952 |
Net Assets Consist of: | |
Paid-in capital | $1,775,022,028 |
Total distributable earnings (loss) | 19,924 |
Total Net Assets | $1,775,041,952 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$1,281,389,932 ÷ 1,281,390,534 shares outstanding, no par value, unlimited shares authorized | $1.0000 |
Premier Shares: | |
$493,652,020 ÷ 493,631,494 shares outstanding, no par value, unlimited shares authorized | $1.0000 |
Six Months Ended April 30, 2023 (unaudited)
Investment Income: | |
Interest | $23,595,987 |
Expenses: | |
Investment adviser fee (Note 5) | 1,725,683 |
Administrative fee (Note 5) | 675,319 |
Custodian fees | 31,100 |
Transfer agent fees | 8,233 |
Directors’/Trustees’ fees (Note 5) | 4,873 |
Auditing fees | 10,774 |
Legal fees | 5,331 |
Portfolio accounting fees | 102,857 |
Other service fees (Note 2 ) | 276,239 |
Share registration costs | 60,239 |
Printing and postage | 10,961 |
Miscellaneous (Note 5) | 15,844 |
TOTAL EXPENSES | 2,927,453 |
Waiver of investment adviser fee (Note 5) | (1,314,673) |
Net expenses | 1,612,780 |
Net investment income | 21,983,207 |
Change in net assets resulting from operations | $21,983,207 |
Six Months Ended (unaudited) 4/30/2023 | Year Ended 10/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $21,983,207 | $9,369,776 |
Net realized gain (loss) | — | (168) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 21,983,207 | 9,369,608 |
Distributions to Shareholders: | ||
Institutional Shares | (14,657,921) | (5,516,761) |
Premier Shares | (7,320,949) | (3,845,817) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (21,978,870) | (9,362,578) |
Share Transactions: | ||
Proceeds from sale of shares | 4,674,977,151 | 5,508,991,853 |
Net asset value of shares issued to shareholders in payment of distributions declared | 7,104,986 | 3,873,497 |
Cost of shares redeemed | (4,805,752,522) | (4,464,795,873) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (123,670,385) | 1,048,069,477 |
Change in net assets | (123,666,048) | 1,048,076,507 |
Net Assets: | ||
Beginning of period | 1,898,708,000 | 850,631,493 |
End of period | $1,775,041,952 | $1,898,708,000 |
Other Service Fees Incurred | |
Institutional Shares | $276,239 |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,668,754,031 | $2,668,754,031 | 1,659,599,487 | $1,659,599,487 |
Shares issued to shareholders in payment of distributions declared | 3,759,184 | 3,759,184 | 1,674,721 | 1,674,721 |
Shares redeemed | (2,505,687,738) | (2,505,687,738) | (1,096,075,401) | (1,096,075,401) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | 166,825,477 | $166,825,477 | 565,198,807 | $565,198,807 |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Premier Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,006,223,120 | $2,006,223,120 | 3,849,392,366 | $3,849,392,366 |
Shares issued to shareholders in payment of distributions declared | 3,345,802 | 3,345,802 | 2,198,776 | 2,198,776 |
Shares redeemed | (2,300,064,784) | (2,300,064,784) | (3,368,720,472) | (3,368,720,472) |
NET CHANGE RESULTING FROM PREMIER SHARE TRANSACTIONS | (290,495,862) | $(290,495,862) | 482,870,670 | $482,870,670 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (123,670,385) | $(123,670,385) | 1,048,069,477 | $1,048,069,477 |
Short-Term | Long-Term | Total |
$204 | $— | $204 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 11/1/2022 | Ending Account Value 4/30/2023 | Expenses Paid During Period1 | |
Actual: | |||
Institutional Shares | $1,000 | $1,012.80 | $1.00 |
Premier Shares | $1,000 | $1,013.00 | $0.75 |
Hypothetical (assuming a 5% return before expenses): | |||
Institutional Shares | $1,000 | $1,023.80 | $1.00 |
Premier Shares | $1,000 | $1,024.05 | $0.75 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Institutional Shares | 0.20% |
Premier 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 60934N666
Share Class | Ticker | Institutional | FFTXX |
Federated Hermes Institutional Tax-Free Cash Trust
A Portfolio of Federated Hermes Money Market Obligations Trust
The Share Price will fluctuate. It is possible to lose money by investing in the Fund.
Security Type | Percentage of Total Net Assets |
Variable Rate Demand Instruments | 96.0% |
Commercial Paper | 4.1% |
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 | 100.1% |
8-30 Days | 0.0% |
31-90 Days | 0.0% |
91-180 Days | 0.0% |
181 Days or more | 0.0% |
Other Assets and Liabilities—Net2 | (0.1)% |
Total | 100% |
1 | Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, which regulates money market mutual funds. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— 100.1% | ||
Alabama— 2.7% | |||
$ 4,300,000 | Alabama HFA Multi-Family Housing (Double Lake Ventures LLC), (2000 Series A:Turtle Lake) Weekly VRDNs, (FNMA LOC), 3.940%, 5/4/2023 | $ 4,300,000 | |
28,000,000 | Mobile County, AL IDA Gulf Opportunity Zone (SSAB Alabama, Inc.), (Series 2011) Weekly VRDNs, (Nordea Bank Abp LOC), 3.940%, 5/4/2023 | 28,000,000 | |
4,505,000 | Mobile, AL IDB (HighProv, LLC), (Series 2006) Weekly VRDNs, (FHLB of Dallas LOC), 4.080%, 5/4/2023 | 4,505,000 | |
11,200,000 | Tuscaloosa County, AL Port Authority (Tuscaloosa Riverfront Development, LLC), (Series 2007: Gulf Opportunity Zone Bonds) Weekly VRDNs, (FHLB of Atlanta LOC), 3.910%, 5/4/2023 | 11,200,000 | |
TOTAL | 48,005,000 | ||
Alaska— 0.0% | |||
110,000 | Alaska State Housing Finance Corp., (Series 2001A) Weekly VRDNs, 3.800%, 5/4/2023 | 110,000 | |
Arizona— 3.2% | |||
33,600,000 | Arizona State IDA (Phoenix Children’s Hospital), (Series 2019B) Daily VRDNs, (Bank of America N.A. LOC), 3.730%, 5/1/2023 | 33,600,000 | |
4,000,000 | Maricopa County, AZ, IDA Solid Waste Disposal (DC Paloma 2 LLC), (Series 2009) Weekly VRDNs, (CoBank, ACB LOC), 3.910%, 5/4/2023 | 4,000,000 | |
20,000,000 | Yavapai County, AZ IDA - Recovery Zone Facility (Skanon Investments, Inc.), (Series 2010: Drake Cement Project) Weekly VRDNs, (Bank of Nova Scotia, Toronto LOC), 3.950%, 5/4/2023 | 20,000,000 | |
TOTAL | 57,600,000 | ||
Colorado— 0.2% | |||
3,000,000 | Colorado Health Facilities Authority (National Jewish Medical and Research Center), (Series 2005) Weekly VRDNs, (UMB Bank, N.A. LOC), 4.500%, 5/4/2023 | 3,000,000 | |
Florida— 12.0% | |||
2,810,000 | Coconut Creek, FL (Junior Achievement of South Florida, Inc.), (Series 2007) Weekly VRDNs, (TD Bank, N.A. LOC), 4.010%, 5/4/2023 | 2,810,000 | |
11,600,000 | Escambia County, FL Solid Waste Disposal (Florida Power & Light Co.), (First Series 2009) Daily VRDNs, 3.900%, 5/1/2023 | 11,600,000 | |
10,125,000 | Hillsborough County, FL IDA (Baycare Health System), (Series 2020B) Daily VRDNs, (TD Bank, N.A. LOC), 3.800%, 5/1/2023 | 10,125,000 | |
12,030,000 | Jacksonville, FL EDC (JEA, FL Electric System), (Series 2000-A), CP, (U.S. Bank, N.A. LIQ), 3.890%, Mandatory Tender 5/4/2023 | 12,030,000 | |
29,550,000 | JEA, FL Electric System, (Series 2008 D) Daily VRDNs, (U.S. Bank, N.A. LIQ), 3.750%, 5/1/2023 | 29,550,000 | |
3,900,000 | JEA, FL Electric System, (Series Three 2008B-2: Senior Revenue Bonds) Weekly VRDNs, (Royal Bank of Canada LIQ), 3.850%, 5/3/2023 | 3,900,000 | |
20,425,000 | JEA, FL Electric System, (Series Three 2008C-2: Senior Revenue Bonds) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 3.770%, 5/4/2023 | 20,425,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Florida— continued | |||
$ 12,845,000 | JEA, FL Water & Sewer System, (2008 Series A-2: Subordinate Revenue Bonds) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 3.900%, 5/4/2023 | $ 12,845,000 | |
8,000,000 | Manatee County, FL (Florida Power & Light Co.), Pollution Control Revenue Refunding Bonds (Series 1994) Daily VRDNs, 3.950%, 5/1/2023 | 8,000,000 | |
1,750,000 | Martin County, FL (Florida Power & Light Co.), (Series 2022) Weekly VRDNs, 3.950%, 5/4/2023 | 1,750,000 | |
5,115,000 | Orange County, FL HFA (Post Fountains at Lee Vista), (Series 1997E) Weekly VRDNs, (FNMA LOC), 3.740%, 5/3/2023 | 5,115,000 | |
1,000,000 | Putnam County, FL Development Authority (Florida Power & Light Co.), (PCR: Series 1994) Daily VRDNs, 3.950%, 5/1/2023 | 1,000,000 | |
58,275,000 | St. Lucie County, FL PCRB (Florida Power & Light Co.), (Series 2000) Daily VRDNs, 4.000%, 5/1/2023 | 58,275,000 | |
35,965,000 | West Palm Beach, FL, Utility System Variable Rate Revenue Bonds (Series 2008C) Weekly VRDNs, (Assured Guaranty Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 4.010%, 5/3/2023 | 35,965,000 | |
TOTAL | 213,390,000 | ||
Georgia— 0.3% | |||
1,700,000 | Monroe County, GA Development Authority (Florida Power & Light Co.), Pollution Control Revenue Bonds (First Series 2002) Daily VRDNs, 3.850%, 5/1/2023 | 1,700,000 | |
3,000,000 | Monroe County, GA Development Authority (Florida Power & Light Co.), Pollution Control Revenue Bonds (First Series 2010) Daily VRDNs, 4.000%, 5/1/2023 | 3,000,000 | |
TOTAL | 4,700,000 | ||
Illinois— 1.8% | |||
19,000,000 | Illinois Finance Authority (Northwestern Memorial Healthcare), (Series B) Daily VRDNs, (Royal Bank of Canada LIQ), 3.780%, 5/1/2023 | 19,000,000 | |
850,000 | Illinois Finance Authority (UChicago Medicine), (Series 2010A) Daily VRDNs, (Bank of America N.A. LOC), 3.770%, 5/1/2023 | 850,000 | |
9,000,000 | Jackson-Union Counties, IL Regional Port District Facilities (Enron Transportation Services), (Series 1994) Weekly VRDNs, (Wells Fargo Bank, N.A. LOC), 3.840%, 5/3/2023 | 9,000,000 | |
3,995,000 | Southwestern Illinois Development Authority (Molinero, Inc.), (Series 2010) Weekly VRDNs, (BMO Harris Bank, N.A. LOC), 3.860%, 5/4/2023 | 3,995,000 | |
TOTAL | 32,845,000 | ||
Indiana— 4.0% | |||
32,000,000 | Indiana State Finance Authority (Ascension Health Alliance Senior Credit Group), (Series 2008E-4) Weekly VRDNs, 3.900%, 5/3/2023 | 32,000,000 | |
25,840,000 | Indiana State Finance Authority Environmental (Duke Energy Indiana, Inc.), (Series 2009A-4) Daily VRDNs, (Sumitomo Mitsui Banking Corp. LOC), 3.850%, 5/1/2023 | 25,840,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Indiana— continued | |||
$ 5,000,000 | Indiana State Finance Authority Health System (Sisters of St. Francis Health Services, Inc.), (Series 2008I) Daily VRDNs, (Barclays Bank plc LOC), 3.770%, 5/1/2023 | $ 5,000,000 | |
7,545,000 | Valparaiso, IN EDRB (Pines Village Retirement Community, Inc.), (Series 2008) Weekly VRDNs, (Wells Fargo Bank, N.A. LOC), 4.290%, 5/4/2023 | 7,545,000 | |
TOTAL | 70,385,000 | ||
Iowa— 3.7% | |||
1,280,000 | Iowa Finance Authority - Health Facilities (UnityPoint Health), (Series 2013B-2) Daily VRDNs, (TD Bank, N.A. LOC), 3.800%, 5/1/2023 | 1,280,000 | |
6,200,000 | Iowa Finance Authority (Cargill, Inc.), (Series 2009B) Weekly VRDNs, 3.910%, 5/4/2023 | 6,200,000 | |
3,600,000 | Iowa Finance Authority (Cargill, Inc.), Midwestern Disaster Area EDRBs (Series 2009A) Weekly VRDNs, 3.890%, 5/4/2023 | 3,600,000 | |
12,500,000 | Iowa Finance Authority (Cargill, Inc.), Midwestern Disaster Area EDRBs (Series 2011A) Weekly VRDNs, 3.890%, 5/4/2023 | 12,500,000 | |
41,500,000 | Iowa Finance Authority (HF Chlor-Alkali, LLC), (Series 2012) Weekly VRDNs, (Cargill, Inc. GTD), 3.910%, 5/4/2023 | 41,500,000 | |
TOTAL | 65,080,000 | ||
Louisiana— 5.1% | |||
1,070,000 | Hammond Area Economic & Industrial Development District, LA (AGEM Management Services LLC) Weekly VRDNs, (FHLB of Dallas LOC), 4.120%, 5/4/2023 | 1,070,000 | |
12,000,000 | Louisiana Local Government Environmental Facilities CDA (Isidore Newman School), (Series 2002) Weekly VRDNs, (FHLB of Dallas LOC), 2.960%, 5/3/2023 | 12,000,000 | |
3,040,000 | Louisiana Local Government Environmental Facilities CDA (The Academy of the Sacred Heart of New Orleans), (Series 2004) Weekly VRDNs, (FHLB of Dallas LOC), 2.960%, 5/3/2023 | 3,040,000 | |
3,350,000 | Louisiana Local Government Environmental Facilities CDA (The Christ Episcopal Church in Covington), (Series 2004) Weekly VRDNs, (FHLB of Dallas LOC), 2.960%, 5/3/2023 | 3,350,000 | |
22,000,000 | Louisiana State Gas & Fuels Second Lien, (Series 2023 A-2) Daily VRDNs, (TD Bank, N.A. LOC), 3.800%, 5/1/2023 | 22,000,000 | |
3,775,000 | St. James Parish, LA (Nucor Steel Louisiana LLC), (Series 2010A-1) Weekly VRDNs, (Nucor Corp. GTD), 4.350%, 5/3/2023 | 3,775,000 | |
40,700,000 | St. James Parish, LA (Nucor Steel Louisiana LLC), (Series 2010B-1) Weekly VRDNs, (GTD by Nucor Corp.), 4.250%, 5/3/2023 | 40,700,000 | |
4,185,000 | St. Tammany Parish Development District, LA (Main Street Holdings of St.Tammany, LLC), (Series 2006A) Weekly VRDNs, (FHLB of Dallas LOC), 4.080%, 5/4/2023 | 4,185,000 | |
TOTAL | 90,120,000 | ||
Michigan— 4.4% | |||
300,000 | Green Lake Township, MI (Interlochen Center) Daily VRDNs, (BMO Harris Bank, N.A. LOC), 3.800%, 5/1/2023 | 300,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Michigan— continued | |||
$ 16,200,000 | Michigan Strategic Fund (Kroger Co.), (Series 2010) Weekly VRDNs, (Bank of Nova Scotia, Toronto LOC), 3.900%, 5/4/2023 | $ 16,200,000 | |
11,080,000 | St. Joseph, MI Hospital Finance Authority (Lakeland Hospitals at Niles & St. Joseph Obligated Group), (Series 2002) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 3.850%, 5/4/2023 | 11,080,000 | |
16,800,000 | St. Joseph, MI Hospital Finance Authority (Lakeland Hospitals at Niles & St. Joseph Obligated Group), (Series 2003) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 3.850%, 5/4/2023 | 16,800,000 | |
33,200,000 | St. Joseph, MI Hospital Finance Authority (Lakeland Hospitals at Niles & St. Joseph Obligated Group), (Series 2006) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 3.850%, 5/4/2023 | 33,200,000 | |
TOTAL | 77,580,000 | ||
Minnesota— 4.4% | |||
3,765,000 | Inver Grove Heights, MN (PHM/Inver Grove, Inc.), (Series 2005) Weekly VRDNs, (FNMA LOC), 3.830%, 5/4/2023 | 3,765,000 | |
10,005,000 | Minneapolis, MN (One Ten Grant Project), Variable Rate Housing Revenue Bonds Weekly VRDNs, (FNMA LOC), 3.900%, 5/4/2023 | 10,005,000 | |
7,500,000 | Moorhead, MN (American Crystal Sugar Co.), Series 2020 Weekly VRDNs, (CoBank, ACB LOC), 3.940%, 5/4/2023 | 7,500,000 | |
57,105,000 | Rochester, MN Health Care Facility Authority (Mayo Clinic), (Series A) Weekly VRDNs, 3.950%, 5/3/2023 | 57,105,000 | |
TOTAL | 78,375,000 | ||
Mississippi— 2.1% | |||
37,400,000 | Perry County, MS (Leaf River Cellulose LLC), (Series 2021) Weekly VRDNs, (Georgia-Pacific LLC GTD), 4.050%, 5/4/2023 | 37,400,000 | |
Multi-State— 6.5% | |||
24,000,000 | Nuveen AMT-Free Municipal Credit Income Fund, (Series 4) MuniFund Preferred Shares Weekly VRDPs, (Societe Generale, Paris LIQ), 3.920%, 5/4/2023 | 24,000,000 | |
35,600,000 | Nuveen AMT-Free Municipal Credit Income Fund, (Series 5) MuniFund Preferred Shares Weekly VRDPs, (Societe Generale, Paris LIQ), 3.910%, 5/4/2023 | 35,600,000 | |
4,600,000 | Nuveen Enhanced AMT-Free Municipal Credit Opportunities Fund, (Series 2) MuniFund Preferred Shares Weekly VRDPs, (JPMorgan Chase Bank, N.A. LIQ), 3.920%, 5/4/2023 | 4,600,000 | |
9,000,000 | Nuveen Enhanced AMT-Free Quality Municipal Income Fund, (Series 3) Weekly VRDPs, (TD Bank, N.A. LIQ), 3.910%, 5/4/2023 | 9,000,000 | |
22,100,000 | Nuveen Enhanced AMT-Free Quality Municipal Income Fund, (Series 4) MuniFund Preferred Shares Weekly VRDPs, (Barclays Bank PLC LIQ), 3.910%, 5/4/2023 | 22,100,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Multi-State— continued | |||
$ 20,000,000 | Nuveen Enhanced AMT-Free Quality Municipal Income Fund, VRDP (Series 5-1000) Weekly VRDPs, (Sumitomo Mitsui Banking Corp. LIQ)/(Sumitomo Mitsui Banking Corp. LOC), 3.900%, 5/4/2023 | $ 20,000,000 | |
TOTAL | 115,300,000 | ||
Nebraska— 0.1% | |||
1,400,000 | Washington County, NE (Cargill, Inc.), (Series 2010) Weekly VRDNs, 3.910%, 5/4/2023 | 1,400,000 | |
New York— 15.7% | |||
6,135,000 | Metropolitan Transportation Authority, NY (MTA Dedicated Tax Fund), (Subseries 2008A-1) Daily VRDNs, (TD Bank, N.A. LOC), 3.750%, 5/1/2023 | 6,135,000 | |
8,800,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), (Subseries 2012A-2) Weekly VRDNs, (Bank of Montreal LOC), 3.950%, 5/4/2023 | 8,800,000 | |
3,000,000 | New York City Housing Development Corp. (2 Gold LLC), (Series 2006A: 2 Gold Street) Weekly VRDNs, (FNMA LOC), 3.890%, 5/3/2023 | 3,000,000 | |
8,970,000 | New York City, NY Municipal Water Finance Authority, (Series 2010CC) Daily VRDNs, (State Street Bank and Trust Co. LIQ), 3.750%, 5/1/2023 | 8,970,000 | |
27,525,000 | New York City, NY Municipal Water Finance Authority, (Series 2013AA-2) Weekly VRDNs, (Barclays Bank plc LIQ), 3.850%, 5/4/2023 | 27,525,000 | |
2,100,000 | New York City, NY Municipal Water Finance Authority, (Subseries CC) Daily VRDNs, (Barclays Bank plc LIQ), 3.770%, 5/1/2023 | 2,100,000 | |
1,500,000 | New York City, NY Municipal Water Finance Authority, Second General Resolution (Fiscal 2008 Series BB-2) Daily VRDNs, (Bank of America N.A. LIQ), 3.720%, 5/1/2023 | 1,500,000 | |
8,625,000 | New York City, NY Municipal Water Finance Authority, Second General Resolution (Fiscal 2011 Series DD-1) Daily VRDNs, (TD Bank, N.A. LIQ), 3.750%, 5/1/2023 | 8,625,000 | |
9,700,000 | New York City, NY Transitional Finance Authority, (Series 2014B-3) Daily VRDNs, (Barclays Bank plc LIQ), 3.770%, 5/1/2023 | 9,700,000 | |
3,965,000 | New York City, NY Transitional Finance Authority, (Series 2015A-3) Daily VRDNs, (Mizuho Bank Ltd. LIQ), 3.730%, 5/1/2023 | 3,965,000 | |
3,000,000 | New York City, NY Transitional Finance Authority, Fiscal 2016 Subseries A-4) Daily VRDNs, (Bank of America N.A. LIQ), 3.720%, 5/1/2023 | 3,000,000 | |
7,805,000 | New York City, NY Transitional Finance Authority, Future Tax Secured Subordinate Bonds (Series 2013C-5) Weekly VRDNs, (Sumitomo Mitsui Banking Corp. LIQ), 4.000%, 5/4/2023 | 7,805,000 | |
6,570,000 | New York City, NY, (Series 2019 D-4) Daily VRDNs, (Barclays Bank plc LIQ), 3.770%, 5/1/2023 | 6,570,000 | |
29,510,000 | New York City, NY, (Subseries A-2) Daily VRDNs, (Mizuho Bank Ltd. LOC), 3.750%, 5/1/2023 | 29,510,000 | |
345,000 | New York City, NY, Fiscal 2013 (Subseries A-3) Daily VRDNs, (Mizuho Bank Ltd. LOC), 3.750%, 5/1/2023 | 345,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$ 12,500,000 | New York State HFA (17th and 10th Associates, LLC), (Series 2009A: Related-Taconic West 17th Street) Weekly VRDNs, (FNMA LOC), 3.800%, 5/3/2023 | $ 12,500,000 | |
10,600,000 | New York State HFA (600 West 42nd Street), (2009 Series A) Weekly VRDNs, (FNMA LOC), 3.890%, 5/3/2023 | 10,600,000 | |
40,000,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 1) Weekly VRDPs, (Societe Generale, Paris LIQ), 3.900%, 5/4/2023 | 40,000,000 | |
8,200,000 | Nuveen New York AMT-Free Quality Municipal Income Fund, (Series 2) Weekly VRDPs, (Royal Bank of Canada LIQ), 3.900%, 5/4/2023 | 8,200,000 | |
40,000,000 | Triborough Bridge & Tunnel Authority, NY, (Series B-2A) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 4.050%, 5/3/2023 | 40,000,000 | |
40,000,000 | Triborough Bridge & Tunnel Authority, NY, (Series B-2B) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 4.100%, 5/4/2023 | 40,000,000 | |
TOTAL | 278,850,000 | ||
North Carolina— 4.7% | |||
17,655,000 | Charlotte-Mecklenburg Hospital Authority, NC (Atrium Health (previously Carolinas HealthCare) System), (Series 2007E) Daily VRDNs, (TD Bank, N.A. LOC), 3.800%, 5/1/2023 | 17,655,000 | |
27,475,000 | Person County, NC Industrial Facilities & Pollution Control Financing Authority (Certainteed Gypsum, Inc.), (Series 2010) Weekly VRDNs, (Credit Industriel et Commercial LOC), 4.000%, 5/4/2023 | 27,475,000 | |
14,720,000 | University of North Carolina at Chapel Hill (University of North Carolina Hospitals), (Series 2001A) Daily VRDNs, (TD Bank, N.A. LIQ), 3.800%, 5/1/2023 | 14,720,000 | |
23,910,000 | University of North Carolina at Chapel Hill (University of North Carolina Hospitals), (Series 2001B) Daily VRDNs, (TD Bank, N.A. LIQ), 3.800%, 5/1/2023 | 23,910,000 | |
TOTAL | 83,760,000 | ||
Ohio— 0.5% | |||
4,000,000 | Ohio State (Capital Facilities Lease-Appropriation - Adult Correction Building Fund), (Series 2016C) Weekly VRDNs, (Ohio State LIQ), 3.450%, 5/3/2023 | 4,000,000 | |
5,700,000 | Ohio State University, (Series 2014 B-1) Weekly VRDNs, 3.650%, 5/4/2023 | 5,700,000 | |
TOTAL | 9,700,000 | ||
Oregon— 0.1% | |||
2,100,000 | Oregon State Facilities Authority (PeaceHealth), (2018 Series B) Daily VRDNs, (TD Bank, N.A. LOC), 3.800%, 5/1/2023 | 2,100,000 | |
Pennsylvania— 4.8% | |||
4,525,000 | Butler County, PA IDA (Concordia Lutheran Obligated Group), (Series A of 2008) Weekly VRDNs, (Truist Bank LOC), 3.980%, 5/4/2023 | 4,525,000 | |
81,500,000 | Pittsburgh & Allegheny County, PA Sports & Exhibition Authority, (Series A of 2007) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(PNC Bank, N.A. LIQ), 3.840%, 5/4/2023 | 81,500,000 | |
TOTAL | 86,025,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
South Carolina— 0.2% | |||
$ 2,695,000 | South Carolina Jobs-EDA (Brashier Charter, LLC), (Series 2008) Weekly VRDNs, (Truist Bank LOC), 3.950%, 5/3/2023 | $ 2,695,000 | |
Tennessee— 3.6% | |||
3,100,000 | Blount County, TN Public Building Authority (Bradley County, TN), (Series E-6-A) Weekly VRDNs, (Truist Bank LOC), 3.980%, 5/3/2023 | 3,100,000 | |
4,765,000 | Blount County, TN Public Building Authority (Monroe County, TN), (Series E-7-A) Weekly VRDNs, (Truist Bank LOC), 3.980%, 5/3/2023 | 4,765,000 | |
15,000,000 | Johnson City, TN Health & Education Facilities Board (Ballad Health), (Series 2022B) Weekly VRDNs, (Truist Bank LOC), 3.930%, 5/4/2023 | 15,000,000 | |
11,000,000 | Shelby County, TN Health Education & Housing Facilities Board (Methodist Le Bonheur Healthcare), (Series 2008A) Daily VRDNs, (Assured Guaranty Municipal Corp. INS)/(U.S. Bank, N.A. LIQ), 3.750%, 5/1/2023 | 11,000,000 | |
29,900,000 | Shelby County, TN Health Education & Housing Facilities Board (Methodist Le Bonheur Healthcare), (Series 2008B) Daily VRDNs, (Assured Guaranty Municipal Corp. INS)/(U.S. Bank, N.A. LIQ), 3.750%, 5/1/2023 | 29,900,000 | |
TOTAL | 63,765,000 | ||
Texas— 14.6% | |||
60,000,000 | Harris County, TX Cultural Education Facilities Finance Corp. (Methodist Hospital, Harris County, TX), (Subseries 2009C-1), CP, 3.850%, Mandatory Tender 5/1/2023 | 60,000,000 | |
20,000,000 | Harris County, TX Cultural Education Facilities Finance Corp. (Texas Children’s Hospital), (Series 2015-3) Weekly VRDNs, (TD Bank, N.A. LOC), 3.950%, 5/3/2023 | 20,000,000 | |
17,200,000 | Harris County, TX Education Facilities Finance Corp. (Methodist Hospital, Harris County, TX), (Series 2020B) Daily VRDNs, 3.800%, 5/1/2023 | 17,200,000 | |
7,710,000 | Harris County, TX HFDC (Methodist Hospital, Harris County, TX), (Subseries 2008A-2) Daily VRDNs, 3.800%, 5/1/2023 | 7,710,000 | |
101,500,000 | Houston, TX Combined Utility System, (Series 2018 C) Weekly VRDNs, (Barclays Bank plc LOC), 3.890%, 5/4/2023 | 101,500,000 | |
6,320,000 | Pasadena, TX Independent School District, (Series 2005-B) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 3.850%, 5/4/2023 | 6,320,000 | |
3,200,000 | Tarrant County, TX Cultural Education Facilities Finance Corp. (Baylor Scott & White Health Care System), (Series 2011C) Daily VRDNs, (TD Bank, N.A. LOC), 3.800%, 5/1/2023 | 3,200,000 | |
8,565,000 | Tarrant County, TX Cultural Education Facilities Finance Corp. (Methodist Hospitals of Dallas), (Series 2008A) Daily VRDNs, (TD Bank, N.A. LOC), 3.800%, 5/1/2023 | 8,565,000 | |
10,000,000 | Tarrant County, TX Cultural Education Facilities Finance Corp. (Methodist Hospitals of Dallas), (Series 2008B) Daily VRDNs, (TD Bank, N.A. LOC), 3.810%, 5/1/2023 | 10,000,000 | |
25,000,000 | Texas State, (Series 2023) Weekly VRDNs, (State Street Bank and Trust Co. LIQ), 3.950%, 5/4/2023 | 25,000,000 | |
TOTAL | 259,495,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
Utah— 0.1% | |||
$ 2,000,000 | St. George, UT IDRB (Apogee Enterprises, Inc.), (Series 2010) Weekly VRDNs, (Wells Fargo Bank, N.A. LOC), 3.910%, 5/4/2023 | $ 2,000,000 | |
Virginia— 3.2% | |||
34,975,000 | Albemarle County, VA EDA (Sentara Health Systems Obligation Group), (Series 2018B) Daily VRDNs, (TD Bank, N.A. LIQ), 3.800%, 5/1/2023 | 34,975,000 | |
15,825,000 | Loudoun County, VA IDA (Howard Hughes Medical Institute), (Series 2003F) Weekly VRDNs, 3.920%, 5/3/2023 | 15,825,000 | |
4,080,000 | Lynchburg, VA EDA (Centra Health Obligated Group), (Series 2017C) Weekly VRDNs, (Truist Bank LOC), 3.980%, 5/4/2023 | 4,080,000 | |
1,755,000 | Norfolk, VA, (Series 2007) Weekly VRDNs, (Bank of America N.A. LIQ), 3.820%, 5/3/2023 | 1,755,000 | |
TOTAL | 56,635,000 | ||
West Virginia— 1.1% | |||
18,770,000 | West Virginia State Hospital Finance Authority (Cabell Huntington Hospital), (Series 2008A) Weekly VRDNs, (Truist Bank LOC), 3.980%, 5/4/2023 | 18,770,000 | |
Wisconsin— 1.0% | |||
17,000,000 | Wisconsin State, (Series A) Weekly VRDNs, 3.950%, 5/4/2023 | 17,000,000 | |
TOTAL INVESTMENT IN SECURITIES—100.1% (AT AMORTIZED COST)2 | 1,776,085,000 | ||
OTHER ASSETS AND LIABILITIES - NET—(0.1)%3 | (1,043,048) | ||
TOTAL NET ASSETS—100% | $1,775,041,952 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Also represents cost for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
CDA | —Community Development Authority | |
CP | —Commercial Paper | |
EDA | —Economic Development Authority | |
EDC | —Economic Development Commission | |
EDRB | —Economic Development Revenue Bond | |
EDRBs | —Economic Development Revenue Bonds | |
FHLB | —Federal Home Loan Bank | |
FNMA | —Federal National Mortgage Association | |
GTD | —Guaranteed | |
HFA | —Housing Finance Authority | |
HFDC | —Health Facility Development Corporation | |
IDA | —Industrial Development Authority | |
IDB | —Industrial Development Bond | |
IDRB | —Industrial Development Revenue Bond | |
INS | —Insured | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
PCRB | —Pollution Control Revenue Bond | |
UT | —Unlimited Tax | |
VRDNs | —Variable Rate Demand Notes | |
VRDP | —Variable Rate Demand Preferred | |
VRDPs | —Variable Rate Demand Preferreds |
Six Months Ended (unaudited) 4/30/2023 | Year Ended October 31, | |||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.0127 | 0.0062 | 0.0001 | 0.0060 | 0.0137 | 0.0114 |
Net realized gain (loss) | — | (0.0000)1 | — | — | — | — |
Total From Investment Operations | 0.0127 | 0.0062 | 0.0001 | 0.0060 | 0.0137 | 0.0114 |
Less Distributions: | ||||||
Distributions from net investment income | (0.0127) | (0.0062) | (0.0001) | (0.0060) | (0.0137) | (0.0114) |
Net Asset Value, End of Period | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 | $1.0000 |
Total Return2 | 1.28% | 0.62% | 0.01% | 0.60% | 1.38% | 1.15% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.20%4 | 0.18% | 0.08% | 0.19% | 0.20% | 0.20% |
Net investment income | 2.54%4 | 0.75% | 0.01% | 0.64% | 1.36% | 1.17% |
Expense waiver/reimbursement5 | 0.15%4 | 0.18% | 0.29% | 0.18% | 0.16% | 0.18% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $1,281,390 | $1,114,556 | $549,366 | $735,236 | $855,998 | $594,047 |
1 | Represents less than $0.0001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
April 30, 2023 (unaudited)
Assets: | |
Investment in securities, at amortized cost and fair value | $1,776,085,000 |
Cash | 467,116 |
Income receivable | 3,986,992 |
Receivable for shares sold | 5,877,582 |
Total Assets | 1,786,416,690 |
Liabilities: | |
Payable for investments purchased | 3,000,000 |
Payable for shares redeemed | 5,240,544 |
Income distribution payable | 3,015,968 |
Payable for investment adviser fee (Note 5) | 6,956 |
Payable for administrative fee (Note 5) | 11,368 |
Payable for other service fees (Note 2 ) | 56,726 |
Accrued expenses (Note 5) | 43,176 |
Total Liabilities | 11,374,738 |
Net assets for 1,775,022,028 shares outstanding | $1,775,041,952 |
Net Assets Consist of: | |
Paid-in capital | $1,775,022,028 |
Total distributable earnings (loss) | 19,924 |
Total Net Assets | $1,775,041,952 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Institutional Shares: | |
$1,281,389,932 ÷ 1,281,390,534 shares outstanding, no par value, unlimited shares authorized | $1.0000 |
Premier Shares: | |
$493,652,020 ÷ 493,631,494 shares outstanding, no par value, unlimited shares authorized | $1.0000 |
Six Months Ended April 30, 2023 (unaudited)
Investment Income: | |
Interest | $23,595,987 |
Expenses: | |
Investment adviser fee (Note 5) | 1,725,683 |
Administrative fee (Note 5) | 675,319 |
Custodian fees | 31,100 |
Transfer agent fees | 8,233 |
Directors’/Trustees’ fees (Note 5) | 4,873 |
Auditing fees | 10,774 |
Legal fees | 5,331 |
Portfolio accounting fees | 102,857 |
Other service fees (Note 2 ) | 276,239 |
Share registration costs | 60,239 |
Printing and postage | 10,961 |
Miscellaneous (Note 5) | 15,844 |
TOTAL EXPENSES | 2,927,453 |
Waiver of investment adviser fee (Note 5) | (1,314,673) |
Net expenses | 1,612,780 |
Net investment income | 21,983,207 |
Change in net assets resulting from operations | $21,983,207 |
Six Months Ended (unaudited) 4/30/2023 | Year Ended 10/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $21,983,207 | $9,369,776 |
Net realized gain (loss) | — | (168) |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 21,983,207 | 9,369,608 |
Distributions to Shareholders: | ||
Institutional Shares | (14,657,921) | (5,516,761) |
Premier Shares | (7,320,949) | (3,845,817) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (21,978,870) | (9,362,578) |
Share Transactions: | ||
Proceeds from sale of shares | 4,674,977,151 | 5,508,991,853 |
Net asset value of shares issued to shareholders in payment of distributions declared | 7,104,986 | 3,873,497 |
Cost of shares redeemed | (4,805,752,522) | (4,464,795,873) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (123,670,385) | 1,048,069,477 |
Change in net assets | (123,666,048) | 1,048,076,507 |
Net Assets: | ||
Beginning of period | 1,898,708,000 | 850,631,493 |
End of period | $1,775,041,952 | $1,898,708,000 |
Other Service Fees Incurred | |
Institutional Shares | $276,239 |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,668,754,031 | $2,668,754,031 | 1,659,599,487 | $1,659,599,487 |
Shares issued to shareholders in payment of distributions declared | 3,759,184 | 3,759,184 | 1,674,721 | 1,674,721 |
Shares redeemed | (2,505,687,738) | (2,505,687,738) | (1,096,075,401) | (1,096,075,401) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | 166,825,477 | $166,825,477 | 565,198,807 | $565,198,807 |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Premier Shares: | Shares | Amount | Shares | Amount |
Shares sold | 2,006,223,120 | $2,006,223,120 | 3,849,392,366 | $3,849,392,366 |
Shares issued to shareholders in payment of distributions declared | 3,345,802 | 3,345,802 | 2,198,776 | 2,198,776 |
Shares redeemed | (2,300,064,784) | (2,300,064,784) | (3,368,720,472) | (3,368,720,472) |
NET CHANGE RESULTING FROM PREMIER SHARE TRANSACTIONS | (290,495,862) | $(290,495,862) | 482,870,670 | $482,870,670 |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (123,670,385) | $(123,670,385) | 1,048,069,477 | $1,048,069,477 |
Short-Term | Long-Term | Total |
$204 | $— | $204 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Beginning Account Value 11/1/2022 | Ending Account Value 4/30/2023 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,012.80 | $1.00 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,023.80 | $1.00 |
1 | Expenses are equal to the Fund’s Institutional Shares annualized net expense ratio of 0.20%, multiplied by the average account value over the period, multiplied by 181/365 (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 | Wealth | NISXX | Service | FNTXX | Cash II | NYCXX |
Cash Series | FNCXX |
Federated Hermes New York Municipal Cash Trust
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Variable Rate Demand Instruments | 81.5% |
Municipal Notes | 16.7% |
Commercial Paper | 0.6% |
Other Assets and Liabilities—Net2 | 1.2% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for a description of these investments. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 61.7% |
8-30 Days | 0.3% |
31-90 Days | 23.0% |
91-180 Days | 6.6% |
181 Days or more | 7.2% |
Other Assets and Liabilities—Net2 | 1.2% |
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 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— 98.8% | ||
New York— 98.8% | |||
$ 115,000 | Albany, NY IDA (Albany Local Development Corp.), (Series 2002: Corning Preserve/Hudson Riverfront) Weekly VRDNs, (KeyBank, N.A. LOC), 3.970%, 5/4/2023 | $ 115,000 | |
600,000 | Albany, NY IDA (Renaissance Corporation of Albany), (Series 2004) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo LOC), 4.090%, 5/4/2023 | 600,000 | |
1,160,000 | Chautauqua County, NY IDA (Jamestown Community College), (Series 2007A) Weekly VRDNs, (Citizens Bank, N.A., Providence LOC), 3.950%, 5/4/2023 | 1,160,000 | |
3,100,000 | Dryden Township, NY BANs, 4.750%, 1/25/2024 | 3,124,238 | |
2,000,000 | Erie County, NY IDA (Ellicott Park Townhomes Community Partners LP), Mizuho 3a-7 (Series 2023-MIZ9134) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.210%, 5/4/2023 | 2,000,000 | |
11,150,000 | Erie County, NY IDA (OAHS Tonawanda TC LLC), Mizuho 3a-7 (Series 2023-MIZ9125) VRENs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.160%, 5/4/2023 | 11,150,000 | |
3,050,000 | Erie County, NY IDA (Our Lady of Victory Renaissance Corporation), (Series 2007A) Weekly VRDNs, (HSBC Bank USA, N.A. LOC), 3.890%, 5/4/2023 | 3,050,000 | |
1,665,000 | Hudson Yards Infrastructure Corp. NY, Tender Option Bond Trust Receipts (Series 2022-ZL0352) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 3.890%, 5/4/2023 | 1,665,000 | |
2,315,000 | Island Park Village, NY, (Series A) BANs, 4.950%, 3/1/2024 | 2,330,742 | |
800,000 | Lowville, NY, (Series A) BANs, 3.250%, 8/24/2023 | 800,470 | |
1,800,000 | Massena, NY CSD BANs, 4.000%, 6/29/2023 | 1,802,823 | |
5,000,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), (Subseries 2012A-2) Weekly VRDNs, (Bank of Montreal LOC), 3.950%, 5/4/2023 | 5,000,000 | |
10,000,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Tender Option Bond Trust Receipts (Series 2022-XM1004) Weekly VRDNs, (Assured Guaranty Municipal Corp. LOC)/(JPMorgan Chase Bank, N.A. LOC), 3.980%, 5/4/2023 | 10,000,000 | |
2,190,000 | Monroe County, NY IDA (Continuing Developmental Services, Inc.), (Series 2007) Weekly VRDNs, (Citizens Bank, N.A., Providence LOC), 3.950%, 5/4/2023 | 2,190,000 | |
285,000 | New York City Capital Resource Corp. (Cobble Hill Health Center, Inc.), Loan Enhanced Assistance Program (Series 2008B-3) Weekly VRDNs, (Bank of America N.A. LOC), 3.990%, 5/4/2023 | 285,000 | |
2,400,000 | New York City Housing Development Corp., Sustainable Development (Series I-3) Weekly VRDNs, (TD Bank, N.A. LIQ), 4.000%, 5/4/2023 | 2,400,000 | |
650,000 | New York City, NY Health and Hospitals Corp., Health System Bonds (Series 2008B) Weekly VRDNs, (TD Bank, N.A. LOC), 3.880%, 5/3/2023 | 650,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$ 1,360,000 | New York City, NY Municipal Water Finance Authority, Second General Resolution (Fiscal 2011 Series DD-3A) Daily VRDNs, (U.S. Bank, N.A. LIQ), 3.700%, 5/1/2023 | $ 1,360,000 | |
500,000 | New York City, NY Transitional Finance Authority, Future Tax Secured Subordinate Bonds (Series 2013C-5) Weekly VRDNs, (Sumitomo Mitsui Banking Corp. LIQ), 4.000%, 5/4/2023 | 500,000 | |
4,000,000 | New York City, NY Transitional Finance Authority, Tender Option Bond Trust Receipts (Series 2022-XF1420) Weekly VRDNs, (Bank of America N.A. LIQ), 3.890%, 5/4/2023 | 4,000,000 | |
10,620,000 | New York City, NY, Stage Trust 3a-7 (Series 2020-003) VRENs, (Wells Fargo Bank, N.A. LIQ), 4.010%, 5/4/2023 | 10,620,000 | |
2,500,000 | New York Liberty Development Corporation, Tender Option Bond Certificates (Series 2022-XX1273) Weekly VRDNs, (Barclays Bank plc LIQ)/(Build America Mutual Assurance INS), 3.980%, 5/4/2023 | 2,500,000 | |
10,000,000 | New York State Dormitory Authority (Northwell Healthcare, Inc.), Tender Option Bond Trust Certificates (Series 2022-XF2994) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Wells Fargo Bank, N.A. LIQ), 4.010%, 5/4/2023 | 10,000,000 | |
2,625,000 | New York State Dormitory Authority (Northwell Healthcare, Inc.), Tender Option Bond Trust Certificates (Series 2022-XL0272) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 3.980%, 5/4/2023 | 2,625,000 | |
2,700,000 | New York State Energy Research & Development Authority (Consolidated Edison Co.), (Series 2005A-2) Weekly VRDNs, (Mizuho Bank Ltd. LOC), 3.700%, 5/3/2023 | 2,700,000 | |
8,550,000 | New York State HFA (17th and 10th Associates, LLC), (Series 2009A: Related-Taconic West 17th Street) Weekly VRDNs, (Federal National Mortgage Association LOC), 3.800%, 5/3/2023 | 8,550,000 | |
1,870,000 | New York State HFA (29 Flatbush Associates, LLC), (Series 2010A: 29 Flatbush Avenue) Weekly VRDNs, (Landesbank Hessen-Thuringen LOC), 3.940%, 5/3/2023 | 1,870,000 | |
1,350,000 | New York State HFA (326 Riverdale Owners LLC), (Series 2008A: 330 Riverdale Avenue Apartments) Weekly VRDNs, (Bank of America N.A. LOC), 3.650%, 5/3/2023 | 1,350,000 | |
6,170,000 | New York State HFA (330 West 39th Street), (2010 Series A) Weekly VRDNs, (Landesbank Hessen-Thuringen LOC), 4.020%, 5/3/2023 | 6,170,000 | |
7,400,000 | New York State HFA (42nd and 10th Street Associates LLC), (Series 2022-003) VRENs, (Barclays Bank plc LIQ)/(Barclays Bank plc LOC), 4.110%, 5/4/2023 | 7,400,000 | |
1,135,000 | New York State HFA (600 West 42nd Street), (2009 Series A) Weekly VRDNs, (Federal National Mortgage Association LOC), 3.890%, 5/3/2023 | 1,135,000 | |
1,000,000 | New York State Power Authority, (Series 2), CP, (JPMorgan Chase Bank, N.A. LIQ)/(State Street Bank and Trust Co. LIQ)/(TD Bank, N.A. LIQ)/(Wells Fargo Bank, N.A. LIQ), 3.250%, Mandatory Tender 6/7/2023 | 1,000,000 | |
5,000,000 | New York State Thruway Authority - Personal Income Tax Revenue, Tender Option Bond Certificates (Series 2022-XM1076) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 3.890%, 5/4/2023 | 5,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$ 4,795,000 | New York State Thruway Authority - Personal Income Tax Revenue, Tender Option Bond Trust Receipts (Series 2023-XF1450) Weekly VRDNs, (Toronto Dominion Bank LIQ), 3.890%, 5/4/2023 | $ 4,795,000 | |
3,625,000 | Onondaga County, NY IDA (Syracuse Research Corp.), (Series 2007) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo LOC), 4.090%, 5/4/2023 | 3,625,000 | |
2,030,784 | Owego-Apalachin, NY CSD BANs, 4.000%, 6/28/2023 | 2,033,914 | |
1,995,580 | Philadelphia Village, NY BANs, 4.000%, 8/24/2023 | 2,001,866 | |
6,900,000 | PIMCO New York Municipal Income Fund III, Tender Option Bond Trust Receipts (Series UA-7007) Weekly VRDNs, (UBS AG LIQ), 3.010%, 5/2/2023 | 6,900,000 | |
875,000 | Prattsburgh, NY CSD BANs, 5.500%, 6/23/2023 | 877,839 | |
410,000 | Rensselaer County, NY IDA (WMHT Educational Telecommunications), Civic Facility Revenue Bonds (Series 2003A) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo LOC), 4.090%, 5/4/2023 | 410,000 | |
5,000,000 | Triborough Bridge & Tunnel Authority, NY, (Series B-2B) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 4.100%, 5/4/2023 | 5,000,000 | |
4,590,000 | Trust for Cultural Resources of the City of New York (American Museum of Natural History), (Series 2014 B2) TOBs, 3.910% (SIFMA 7-day +0.050%), Mandatory Tender 10/23/2023 | 4,590,000 | |
3,575,000 | Utica, NY Industrial Development Agency Civic Facility (Munson-Williams- Proctor Arts Institute), (Series 2006) Weekly VRDNs, (Citizens Bank, N.A., Providence LOC), 3.950%, 5/4/2023 | 3,575,000 | |
2,000,000 | Vestal Fire District, NY BANs, 4.000%, 8/11/2023 | 2,004,874 | |
1,081,455 | Waterville, NY CSD BANs, 4.000%, 8/11/2023 | 1,084,477 | |
3,500,000 | Williamson, NY BANs, 5.500%, 12/20/2023 | 3,531,123 | |
2,500,000 | Windsor Town, NY BANs, 4.500%, 1/26/2024 | 2,516,052 | |
TOTAL INVESTMENT IN SECURITIES—98.8% (AT AMORTIZED COST)2 | 158,048,418 | ||
OTHER ASSETS AND LIABILITIES - NET—1.2%3 | 1,963,522 | ||
TOTAL NET ASSETS—100% | $160,011,940 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Also represents cost for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
BANs | —Bond Anticipation Notes | |
CP | —Commercial Paper | |
CSD | —Central School District | |
GTD | —Guaranteed | |
HFA | —Housing Finance Authority | |
IDA | —Industrial Development Authority | |
INS | —Insured | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
SIFMA | —Securities Industry and Financial Markets Association | |
TOBs | —Tender Option Bonds | |
VRDNs | —Variable Rate Demand Notes | |
VRENs | —Variable Rate Extendible Notes |
Six Months Ended (unaudited) 4/30/2023 | Year Ended October 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 | 0.006 | 0.0001 | 0.006 | 0.013 | 0.011 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | — |
TOTAL FROM INVESTMENT OPERATIONS | 0.013 | 0.006 | 0.0001 | 0.006 | 0.013 | 0.011 |
Less Distributions: | ||||||
Distributions from net investment income | (0.013) | (0.006) | (0.000)1 | (0.006) | (0.013) | (0.011) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | — | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.013) | (0.006) | (0.000)1 | (0.006) | (0.013) | (0.011) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.30% | 0.59% | 0.01% | 0.58% | 1.33% | 1.08% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.32%4 | 0.26% | 0.21% | 0.32% | 0.32% | 0.32% |
Net investment income | 2.53%4 | 0.58% | 0.01% | 0.64% | 1.31% | 1.10% |
Expense waiver/reimbursement5 | 0.27%4 | 0.30% | 0.34% | 0.19% | 0.17% | 0.25% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $112,448 | $115,589 | $111,555 | $179,225 | $326,684 | $211,511 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 4/30/2023 | Year Ended October 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 | 0.005 | 0.0001 | 0.004 | 0.011 | 0.009 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | — |
Total From Investment Operations | 0.012 | 0.005 | 0.0001 | 0.004 | 0.011 | 0.009 |
Less Distributions: | ||||||
Distributions from net investment income | (0.012) | (0.005) | (0.000)1 | (0.004) | (0.011) | (0.009) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | — | (0.000)1 |
Total Distributions | (0.012) | (0.005) | (0.000)1 | (0.004) | (0.011) | (0.009) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.19% | 0.46% | 0.01% | 0.43% | 1.11% | 0.86% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.54%4 | 0.33% | 0.20% | 0.46% | 0.54% | 0.54% |
Net investment income | 2.37%4 | 0.11% | 0.01% | 0.42% | 1.09% | 0.82% |
Expense waiver/reimbursement5 | 0.55%4 | 0.78% | 0.84% | 0.55% | 0.45% | 0.55% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $18,404 | $13,677 | $182,028 | $221,000 | $219,665 | $28,662 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 4/30/2023 | Year Ended October 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 | 0.003 | 0.0001 | 0.003 | 0.009 | 0.006 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | — |
Total From Investment Operations | 0.010 | 0.003 | 0.0001 | 0.003 | 0.009 | 0.006 |
Less Distributions: | ||||||
Distributions from net investment income | (0.010) | (0.003) | (0.000)1 | (0.003) | (0.009) | (0.006) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | — | (0.000)1 |
Total Distributions | (0.010) | (0.003) | (0.000)1 | (0.003) | (0.009) | (0.006) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.07% | 0.35% | 0.01% | 0.32% | 0.87% | 0.63% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.77%4 | 0.53% | 0.20% | 0.61% | 0.77% | 0.77% |
Net investment income | 2.09%4 | 0.40% | 0.01% | 0.37% | 0.87% | 0.62% |
Expense waiver/reimbursement5 | 0.32%4 | 0.52% | 0.85% | 0.40% | 0.22% | 0.32% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $8,339 | $6,850 | $8,058 | $7,515 | $9,952 | $9,535 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
Six Months Ended (unaudited) 4/30/2023 | Year Ended October 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 | 0.009 | 0.003 | 0.0001 | 0.002 | 0.006 | 0.004 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | — |
Total From Investment Operations | 0.009 | 0.003 | 0.0001 | 0.002 | 0.006 | 0.004 |
Less Distributions: | ||||||
Distributions from net investment income | (0.009) | (0.003) | (0.000)1 | (0.002) | (0.006) | (0.004) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | — | (0.000)1 |
Total Distributions | (0.009) | (0.003) | (0.000)1 | (0.002) | (0.006) | (0.004) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 0.95% | 0.27% | 0.01% | 0.21% | 0.62% | 0.38% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 1.02%4 | 0.54% | 0.19% | 0.71% | 1.02% | 1.02% |
Net investment income | 1.84%4 | 0.22% | 0.01% | 0.21% | 0.63% | 0.33% |
Expense waiver/reimbursement5 | 0.42%4 | 0.88% | 1.20% | 0.65% | 0.32% | 0.42% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $20,822 | $25,174 | $28,468 | $26,151 | $25,450 | $35,414 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
April 30, 2023 (unaudited)
Assets: | |
Investment in securities, at amortized cost and fair value | $158,048,418 |
Cash | 43,012 |
Income receivable | 1,125,758 |
Receivable for investments sold | 255,552 |
Receivable for shares sold | 1,150,050 |
Total Assets | 160,622,790 |
Liabilities: | |
Payable for investments purchased | 500,110 |
Payable for shares redeemed | 11,514 |
Income distribution payable | 2,511 |
Capital gain distribution payable | 6,441 |
Payable for investment adviser fee (Note 4) | 2,742 |
Payable for administrative fee (Note 4) | 1,016 |
Payable for transfer agent fees (Note 2) | 53,508 |
Payable for distribution services fee (Note 4) | 9,457 |
Payable for other service fees (Notes 2 and 4) | 9,611 |
Accrued expenses (Note 4) | 13,940 |
Total Liabilities | 610,850 |
Net assets for 160,001,654 shares outstanding | $160,011,940 |
Net Assets Consist of: | |
Paid-in capital | $160,001,654 |
Total distributable earnings (loss) | 10,286 |
Total Net Assets | $160,011,940 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Wealth Shares: | |
$112,447,941 ÷ 112,440,726 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$18,403,834 ÷ 18,402,652 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$8,338,564 ÷ 8,338,024 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$20,821,601 ÷ 20,820,252 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Six Months Ended April 30, 2023 (unaudited)
Investment Income: | |
Interest | $2,655,320 |
Expenses: | |
Investment adviser fee (Note 4) | 278,799 |
Administrative fee (Note 4) | 72,973 |
Custodian fees | 4,358 |
Transfer agent fees | 55,736 |
Directors’/Trustees’ fees (Note 4) | 755 |
Auditing fees | 11,672 |
Legal fees | 5,544 |
Portfolio accounting fees | 45,416 |
Distribution services fee (Note 4) | 111,838 |
Other service fees (Notes 2 and 4) | 65,494 |
Share registration costs | 62,889 |
Printing and postage | 10,213 |
Miscellaneous (Note 4) | 4,498 |
TOTAL EXPENSES | 730,185 |
Waivers and Reimbursement: | |
Waiver of investment adviser fee (Note 4) | (251,537) |
Waivers/reimbursement of other operating expenses (Notes 2 and 4) | (50,287) |
TOTAL WAIVERS AND REIMBURSEMENT | (301,824) |
Net expenses | 428,361 |
Net investment income | 2,226,959 |
Net realized gain on investments | 5,555 |
Change in net assets resulting from operations | $2,232,514 |
Six Months Ended (unaudited) 4/30/2023 | Year Ended 10/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $2,226,959 | $889,078 |
Net realized gain (loss) | 5,555 | 33,811 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 2,232,514 | 922,889 |
Distributions to Shareholders: | ||
Wealth Shares | (1,695,214) | (671,458) |
Service Shares | (252,068) | (149,033) |
Cash II Shares | (71,366) | (24,010) |
Cash Series Shares | (243,196) | (68,199) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (2,261,844) | (912,700) |
Share Transactions: | ||
Proceeds from sale of shares | 272,420,651 | 289,933,496 |
Net asset value of shares issued to shareholders in payment of distributions declared | 2,115,473 | 782,836 |
Cost of shares redeemed | (275,785,487) | (459,545,253) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (1,249,363) | (168,828,921) |
Change in net assets | (1,278,693) | (168,818,732) |
Net Assets: | ||
Beginning of period | 161,290,633 | 330,109,365 |
End of period | $160,011,940 | $161,290,633 |
Transfer Agent Fees Incurred | |
Wealth Shares | $39,589 |
Service Shares | 6,284 |
Cash II Shares | 2,039 |
Cash Series Shares | 7,824 |
TOTAL | $55,736 |
Other Service Fees Incurred | Other Service Fees Reimbursed | |
Service Shares | $26,149 | $(7,313) |
Cash II Shares | 8,397 | — |
Cash Series Shares | 30,948 | — |
TOTAL | $65,494 | $(7,313) |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Wealth Shares: | Shares | Amount | Shares | Amount |
Shares sold | 205,072,573 | $205,072,573 | 141,136,538 | $141,136,538 |
Shares issued to shareholders in payment of distributions declared | 1,562,261 | 1,562,261 | 561,292 | 561,292 |
Shares redeemed | (209,754,329) | (209,754,329) | (137,682,329) | (137,682,329) |
NET CHANGE RESULTING FROM WEALTH SHARE TRANSACTIONS | (3,119,495) | $(3,119,495) | 4,015,501 | $4,015,501 |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 42,774,352 | $42,774,352 | 95,246,938 | $95,246,938 |
Shares issued to shareholders in payment of distributions declared | 243,195 | 243,195 | 129,827 | 129,827 |
Shares redeemed | (38,288,889) | (38,288,889) | (263,714,959) | (263,714,959) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | 4,728,658 | $4,728,658 | (168,338,194) | $(168,338,194) |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 6,297,270 | $6,297,270 | 4,598,255 | $4,598,255 |
Shares issued to shareholders in payment of distributions declared | 70,692 | 70,692 | 24,002 | 24,002 |
Shares redeemed | (4,878,709) | (4,878,709) | (5,831,095) | (5,831,095) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | 1,489,253 | $1,489,253 | (1,208,838) | $(1,208,838) |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 18,276,456 | $18,276,456 | 48,951,765 | $48,951,765 |
Shares issued to shareholders in payment of distributions declared | 239,325 | 239,325 | 67,715 | 67,715 |
Shares redeemed | (22,863,560) | (22,863,560) | (52,316,870) | (52,316,870) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | (4,347,779) | $(4,347,779) | (3,297,390) | $(3,297,390) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (1,249,363) | $(1,249,363) | (168,828,921) | $(168,828,921) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Service Shares | 0.25% |
Cash II Shares | 0.25% |
Cash Series Shares | 0.60% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Service Shares | $26,161 | $(21,975) |
Cash II Shares | 8,397 | (1,679) |
Cash Series Shares | 77,280 | (19,320) |
TOTAL | $111,838 | $(42,974) |
Beginning Account Value 11/1/2022 | Ending Account Value 4/30/2023 | Expenses Paid During Period1 | |
Actual: | |||
Wealth Shares | $1,000 | $1,013.00 | $1.60 |
Service Shares | $1,000 | $1,011.90 | $2.69 |
Cash II Shares | $1,000 | $1,010.70 | $3.84 |
Cash Series Shares | $1,000 | $1,009.50 | $5.08 |
Hypothetical (assuming a 5% return before expenses): | |||
Wealth Shares | $1,000 | $1,023.21 | $1.61 |
Service Shares | $1,000 | $1,022.12 | $2.71 |
Cash II Shares | $1,000 | $1,020.98 | $3.86 |
Cash Series Shares | $1,000 | $1,019.74 | $5.11 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Wealth Shares | 0.32% |
Service Shares | 0.54% |
Cash II Shares | 0.77% |
Cash Series 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 60934N294
CUSIP 60934N310
CUSIP 608919866
Share Class | Ticker | Wealth | NISXX |
Federated Hermes New York Municipal Cash Trust
A Portfolio of Federated Hermes Money Market Obligations Trust
Security Type | Percentage of Total Net Assets |
Variable Rate Demand Instruments | 81.5% |
Municipal Notes | 16.7% |
Commercial Paper | 0.6% |
Other Assets and Liabilities—Net2 | 1.2% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for a description of these investments. |
2 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
1-7 Days | 61.7% |
8-30 Days | 0.3% |
31-90 Days | 23.0% |
91-180 Days | 6.6% |
181 Days or more | 7.2% |
Other Assets and Liabilities—Net2 | 1.2% |
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 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— 98.8% | ||
New York— 98.8% | |||
$ 115,000 | Albany, NY IDA (Albany Local Development Corp.), (Series 2002: Corning Preserve/Hudson Riverfront) Weekly VRDNs, (KeyBank, N.A. LOC), 3.970%, 5/4/2023 | $ 115,000 | |
600,000 | Albany, NY IDA (Renaissance Corporation of Albany), (Series 2004) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo LOC), 4.090%, 5/4/2023 | 600,000 | |
1,160,000 | Chautauqua County, NY IDA (Jamestown Community College), (Series 2007A) Weekly VRDNs, (Citizens Bank, N.A., Providence LOC), 3.950%, 5/4/2023 | 1,160,000 | |
3,100,000 | Dryden Township, NY BANs, 4.750%, 1/25/2024 | 3,124,238 | |
2,000,000 | Erie County, NY IDA (Ellicott Park Townhomes Community Partners LP), Mizuho 3a-7 (Series 2023-MIZ9134) VRDNs, (Mizuho Bank Ltd. LIQ)/(Mizuho Bank Ltd. LOC), 4.210%, 5/4/2023 | 2,000,000 | |
11,150,000 | Erie County, NY IDA (OAHS Tonawanda TC LLC), Mizuho 3a-7 (Series 2023-MIZ9125) VRENs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 4.160%, 5/4/2023 | 11,150,000 | |
3,050,000 | Erie County, NY IDA (Our Lady of Victory Renaissance Corporation), (Series 2007A) Weekly VRDNs, (HSBC Bank USA, N.A. LOC), 3.890%, 5/4/2023 | 3,050,000 | |
1,665,000 | Hudson Yards Infrastructure Corp. NY, Tender Option Bond Trust Receipts (Series 2022-ZL0352) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 3.890%, 5/4/2023 | 1,665,000 | |
2,315,000 | Island Park Village, NY, (Series A) BANs, 4.950%, 3/1/2024 | 2,330,742 | |
800,000 | Lowville, NY, (Series A) BANs, 3.250%, 8/24/2023 | 800,470 | |
1,800,000 | Massena, NY CSD BANs, 4.000%, 6/29/2023 | 1,802,823 | |
5,000,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), (Subseries 2012A-2) Weekly VRDNs, (Bank of Montreal LOC), 3.950%, 5/4/2023 | 5,000,000 | |
10,000,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Tender Option Bond Trust Receipts (Series 2022-XM1004) Weekly VRDNs, (Assured Guaranty Municipal Corp. LOC)/(JPMorgan Chase Bank, N.A. LOC), 3.980%, 5/4/2023 | 10,000,000 | |
2,190,000 | Monroe County, NY IDA (Continuing Developmental Services, Inc.), (Series 2007) Weekly VRDNs, (Citizens Bank, N.A., Providence LOC), 3.950%, 5/4/2023 | 2,190,000 | |
285,000 | New York City Capital Resource Corp. (Cobble Hill Health Center, Inc.), Loan Enhanced Assistance Program (Series 2008B-3) Weekly VRDNs, (Bank of America N.A. LOC), 3.990%, 5/4/2023 | 285,000 | |
2,400,000 | New York City Housing Development Corp., Sustainable Development (Series I-3) Weekly VRDNs, (TD Bank, N.A. LIQ), 4.000%, 5/4/2023 | 2,400,000 | |
650,000 | New York City, NY Health and Hospitals Corp., Health System Bonds (Series 2008B) Weekly VRDNs, (TD Bank, N.A. LOC), 3.880%, 5/3/2023 | 650,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$ 1,360,000 | New York City, NY Municipal Water Finance Authority, Second General Resolution (Fiscal 2011 Series DD-3A) Daily VRDNs, (U.S. Bank, N.A. LIQ), 3.700%, 5/1/2023 | $ 1,360,000 | |
500,000 | New York City, NY Transitional Finance Authority, Future Tax Secured Subordinate Bonds (Series 2013C-5) Weekly VRDNs, (Sumitomo Mitsui Banking Corp. LIQ), 4.000%, 5/4/2023 | 500,000 | |
4,000,000 | New York City, NY Transitional Finance Authority, Tender Option Bond Trust Receipts (Series 2022-XF1420) Weekly VRDNs, (Bank of America N.A. LIQ), 3.890%, 5/4/2023 | 4,000,000 | |
10,620,000 | New York City, NY, Stage Trust 3a-7 (Series 2020-003) VRENs, (Wells Fargo Bank, N.A. LIQ), 4.010%, 5/4/2023 | 10,620,000 | |
2,500,000 | New York Liberty Development Corporation, Tender Option Bond Certificates (Series 2022-XX1273) Weekly VRDNs, (Barclays Bank plc LIQ)/(Build America Mutual Assurance INS), 3.980%, 5/4/2023 | 2,500,000 | |
10,000,000 | New York State Dormitory Authority (Northwell Healthcare, Inc.), Tender Option Bond Trust Certificates (Series 2022-XF2994) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Wells Fargo Bank, N.A. LIQ), 4.010%, 5/4/2023 | 10,000,000 | |
2,625,000 | New York State Dormitory Authority (Northwell Healthcare, Inc.), Tender Option Bond Trust Certificates (Series 2022-XL0272) Weekly VRDNs, (Assured Guaranty Municipal Corp. INS)/(Morgan Stanley Bank, N.A. LIQ), 3.980%, 5/4/2023 | 2,625,000 | |
2,700,000 | New York State Energy Research & Development Authority (Consolidated Edison Co.), (Series 2005A-2) Weekly VRDNs, (Mizuho Bank Ltd. LOC), 3.700%, 5/3/2023 | 2,700,000 | |
8,550,000 | New York State HFA (17th and 10th Associates, LLC), (Series 2009A: Related-Taconic West 17th Street) Weekly VRDNs, (Federal National Mortgage Association LOC), 3.800%, 5/3/2023 | 8,550,000 | |
1,870,000 | New York State HFA (29 Flatbush Associates, LLC), (Series 2010A: 29 Flatbush Avenue) Weekly VRDNs, (Landesbank Hessen-Thuringen LOC), 3.940%, 5/3/2023 | 1,870,000 | |
1,350,000 | New York State HFA (326 Riverdale Owners LLC), (Series 2008A: 330 Riverdale Avenue Apartments) Weekly VRDNs, (Bank of America N.A. LOC), 3.650%, 5/3/2023 | 1,350,000 | |
6,170,000 | New York State HFA (330 West 39th Street), (2010 Series A) Weekly VRDNs, (Landesbank Hessen-Thuringen LOC), 4.020%, 5/3/2023 | 6,170,000 | |
7,400,000 | New York State HFA (42nd and 10th Street Associates LLC), (Series 2022-003) VRENs, (Barclays Bank plc LIQ)/(Barclays Bank plc LOC), 4.110%, 5/4/2023 | 7,400,000 | |
1,135,000 | New York State HFA (600 West 42nd Street), (2009 Series A) Weekly VRDNs, (Federal National Mortgage Association LOC), 3.890%, 5/3/2023 | 1,135,000 | |
1,000,000 | New York State Power Authority, (Series 2), CP, (JPMorgan Chase Bank, N.A. LIQ)/(State Street Bank and Trust Co. LIQ)/(TD Bank, N.A. LIQ)/(Wells Fargo Bank, N.A. LIQ), 3.250%, Mandatory Tender 6/7/2023 | 1,000,000 | |
5,000,000 | New York State Thruway Authority - Personal Income Tax Revenue, Tender Option Bond Certificates (Series 2022-XM1076) Weekly VRDNs, (Morgan Stanley Bank, N.A. LIQ), 3.890%, 5/4/2023 | 5,000,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS— continued | ||
New York— continued | |||
$ 4,795,000 | New York State Thruway Authority - Personal Income Tax Revenue, Tender Option Bond Trust Receipts (Series 2023-XF1450) Weekly VRDNs, (Toronto Dominion Bank LIQ), 3.890%, 5/4/2023 | $ 4,795,000 | |
3,625,000 | Onondaga County, NY IDA (Syracuse Research Corp.), (Series 2007) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo LOC), 4.090%, 5/4/2023 | 3,625,000 | |
2,030,784 | Owego-Apalachin, NY CSD BANs, 4.000%, 6/28/2023 | 2,033,914 | |
1,995,580 | Philadelphia Village, NY BANs, 4.000%, 8/24/2023 | 2,001,866 | |
6,900,000 | PIMCO New York Municipal Income Fund III, Tender Option Bond Trust Receipts (Series UA-7007) Weekly VRDNs, (UBS AG LIQ), 3.010%, 5/2/2023 | 6,900,000 | |
875,000 | Prattsburgh, NY CSD BANs, 5.500%, 6/23/2023 | 877,839 | |
410,000 | Rensselaer County, NY IDA (WMHT Educational Telecommunications), Civic Facility Revenue Bonds (Series 2003A) Weekly VRDNs, (Manufacturers & Traders Trust Co., Buffalo LOC), 4.090%, 5/4/2023 | 410,000 | |
5,000,000 | Triborough Bridge & Tunnel Authority, NY, (Series B-2B) Weekly VRDNs, (State Street Bank and Trust Co. LOC), 4.100%, 5/4/2023 | 5,000,000 | |
4,590,000 | Trust for Cultural Resources of the City of New York (American Museum of Natural History), (Series 2014 B2) TOBs, 3.910% (SIFMA 7-day +0.050%), Mandatory Tender 10/23/2023 | 4,590,000 | |
3,575,000 | Utica, NY Industrial Development Agency Civic Facility (Munson-Williams- Proctor Arts Institute), (Series 2006) Weekly VRDNs, (Citizens Bank, N.A., Providence LOC), 3.950%, 5/4/2023 | 3,575,000 | |
2,000,000 | Vestal Fire District, NY BANs, 4.000%, 8/11/2023 | ��2,004,874 | |
1,081,455 | Waterville, NY CSD BANs, 4.000%, 8/11/2023 | 1,084,477 | |
3,500,000 | Williamson, NY BANs, 5.500%, 12/20/2023 | 3,531,123 | |
2,500,000 | Windsor Town, NY BANs, 4.500%, 1/26/2024 | 2,516,052 | |
TOTAL INVESTMENT IN SECURITIES—98.8% (AT AMORTIZED COST)2 | 158,048,418 | ||
OTHER ASSETS AND LIABILITIES - NET—1.2%3 | 1,963,522 | ||
TOTAL NET ASSETS—100% | $160,011,940 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Also represents cost for federal tax purposes. |
3 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following acronym(s) are used throughout this portfolio: | ||
BANs | —Bond Anticipation Notes | |
CP | —Commercial Paper | |
CSD | —Central School District | |
GTD | —Guaranteed | |
HFA | —Housing Finance Authority | |
IDA | —Industrial Development Authority | |
INS | —Insured | |
LIQ | —Liquidity Agreement | |
LOC | —Letter of Credit | |
SIFMA | —Securities Industry and Financial Markets Association | |
TOBs | —Tender Option Bonds | |
VRDNs | —Variable Rate Demand Notes | |
VRENs | —Variable Rate Extendible Notes |
Six Months Ended (unaudited) 4/30/2023 | Year Ended October 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 | 0.006 | 0.0001 | 0.006 | 0.013 | 0.011 |
Net realized gain (loss) | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | — |
TOTAL FROM INVESTMENT OPERATIONS | 0.013 | 0.006 | 0.0001 | 0.006 | 0.013 | 0.011 |
Less Distributions: | ||||||
Distributions from net investment income | (0.013) | (0.006) | (0.000)1 | (0.006) | (0.013) | (0.011) |
Distributions from net realized gain | (0.000)1 | (0.000)1 | (0.000)1 | (0.000)1 | — | (0.000)1 |
TOTAL DISTRIBUTIONS | (0.013) | (0.006) | (0.000)1 | (0.006) | (0.013) | (0.011) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Total Return2 | 1.30% | 0.59% | 0.01% | 0.58% | 1.33% | 1.08% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.32%4 | 0.26% | 0.21% | 0.32% | 0.32% | 0.32% |
Net investment income | 2.53%4 | 0.58% | 0.01% | 0.64% | 1.31% | 1.10% |
Expense waiver/reimbursement5 | 0.27%4 | 0.30% | 0.34% | 0.19% | 0.17% | 0.25% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $112,448 | $115,589 | $111,555 | $179,225 | $326,684 | $211,511 |
1 | Represents less than $0.001. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
April 30, 2023 (unaudited)
Assets: | |
Investment in securities, at amortized cost and fair value | $158,048,418 |
Cash | 43,012 |
Income receivable | 1,125,758 |
Receivable for investments sold | 255,552 |
Receivable for shares sold | 1,150,050 |
Total Assets | 160,622,790 |
Liabilities: | |
Payable for investments purchased | 500,110 |
Payable for shares redeemed | 11,514 |
Income distribution payable | 2,511 |
Capital gain distribution payable | 6,441 |
Payable for investment adviser fee (Note 4) | 2,742 |
Payable for administrative fee (Note 4) | 1,016 |
Payable for transfer agent fees (Note 2) | 53,508 |
Payable for distribution services fee (Note 4) | 9,457 |
Payable for other service fees (Notes 2 and 4) | 9,611 |
Accrued expenses (Note 4) | 13,940 |
Total Liabilities | 610,850 |
Net assets for 160,001,654 shares outstanding | $160,011,940 |
Net Assets Consist of: | |
Paid-in capital | $160,001,654 |
Total distributable earnings (loss) | 10,286 |
Total Net Assets | $160,011,940 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Wealth Shares: | |
$112,447,941 ÷ 112,440,726 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Service Shares: | |
$18,403,834 ÷ 18,402,652 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash II Shares: | |
$8,338,564 ÷ 8,338,024 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Cash Series Shares: | |
$20,821,601 ÷ 20,820,252 shares outstanding, no par value, unlimited shares authorized | $1.00 |
Six Months Ended April 30, 2023 (unaudited)
Investment Income: | |
Interest | $2,655,320 |
Expenses: | |
Investment adviser fee (Note 4) | 278,799 |
Administrative fee (Note 4) | 72,973 |
Custodian fees | 4,358 |
Transfer agent fees | 55,736 |
Directors’/Trustees’ fees (Note 4) | 755 |
Auditing fees | 11,672 |
Legal fees | 5,544 |
Portfolio accounting fees | 45,416 |
Distribution services fee (Note 4) | 111,838 |
Other service fees (Notes 2 and 4) | 65,494 |
Share registration costs | 62,889 |
Printing and postage | 10,213 |
Miscellaneous (Note 4) | 4,498 |
TOTAL EXPENSES | 730,185 |
Waivers and Reimbursement: | |
Waiver of investment adviser fee (Note 4) | (251,537) |
Waivers/reimbursement of other operating expenses (Notes 2 and 4) | (50,287) |
TOTAL WAIVERS AND REIMBURSEMENT | (301,824) |
Net expenses | 428,361 |
Net investment income | 2,226,959 |
Net realized gain on investments | 5,555 |
Change in net assets resulting from operations | $2,232,514 |
Six Months Ended (unaudited) 4/30/2023 | Year Ended 10/31/2022 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $2,226,959 | $889,078 |
Net realized gain (loss) | 5,555 | 33,811 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 2,232,514 | 922,889 |
Distributions to Shareholders: | ||
Wealth Shares | (1,695,214) | (671,458) |
Service Shares | (252,068) | (149,033) |
Cash II Shares | (71,366) | (24,010) |
Cash Series Shares | (243,196) | (68,199) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (2,261,844) | (912,700) |
Share Transactions: | ||
Proceeds from sale of shares | 272,420,651 | 289,933,496 |
Net asset value of shares issued to shareholders in payment of distributions declared | 2,115,473 | 782,836 |
Cost of shares redeemed | (275,785,487) | (459,545,253) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (1,249,363) | (168,828,921) |
Change in net assets | (1,278,693) | (168,818,732) |
Net Assets: | ||
Beginning of period | 161,290,633 | 330,109,365 |
End of period | $160,011,940 | $161,290,633 |
Transfer Agent Fees Incurred | |
Wealth Shares | $39,589 |
Service Shares | 6,284 |
Cash II Shares | 2,039 |
Cash Series Shares | 7,824 |
TOTAL | $55,736 |
Other Service Fees Incurred | Other Service Fees Reimbursed | |
Service Shares | $26,149 | $(7,313) |
Cash II Shares | 8,397 | — |
Cash Series Shares | 30,948 | — |
TOTAL | $65,494 | $(7,313) |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Wealth Shares: | Shares | Amount | Shares | Amount |
Shares sold | 205,072,573 | $205,072,573 | 141,136,538 | $141,136,538 |
Shares issued to shareholders in payment of distributions declared | 1,562,261 | 1,562,261 | 561,292 | 561,292 |
Shares redeemed | (209,754,329) | (209,754,329) | (137,682,329) | (137,682,329) |
NET CHANGE RESULTING FROM WEALTH SHARE TRANSACTIONS | (3,119,495) | $(3,119,495) | 4,015,501 | $4,015,501 |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 42,774,352 | $42,774,352 | 95,246,938 | $95,246,938 |
Shares issued to shareholders in payment of distributions declared | 243,195 | 243,195 | 129,827 | 129,827 |
Shares redeemed | (38,288,889) | (38,288,889) | (263,714,959) | (263,714,959) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | 4,728,658 | $4,728,658 | (168,338,194) | $(168,338,194) |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Cash II Shares: | Shares | Amount | Shares | Amount |
Shares sold | 6,297,270 | $6,297,270 | 4,598,255 | $4,598,255 |
Shares issued to shareholders in payment of distributions declared | 70,692 | 70,692 | 24,002 | 24,002 |
Shares redeemed | (4,878,709) | (4,878,709) | (5,831,095) | (5,831,095) |
NET CHANGE RESULTING FROM CASH II SHARE TRANSACTIONS | 1,489,253 | $1,489,253 | (1,208,838) | $(1,208,838) |
Six Months Ended 4/30/2023 | Year Ended 10/31/2022 | |||
Cash Series Shares: | Shares | Amount | Shares | Amount |
Shares sold | 18,276,456 | $18,276,456 | 48,951,765 | $48,951,765 |
Shares issued to shareholders in payment of distributions declared | 239,325 | 239,325 | 67,715 | 67,715 |
Shares redeemed | (22,863,560) | (22,863,560) | (52,316,870) | (52,316,870) |
NET CHANGE RESULTING FROM CASH SERIES SHARE TRANSACTIONS | (4,347,779) | $(4,347,779) | (3,297,390) | $(3,297,390) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (1,249,363) | $(1,249,363) | (168,828,921) | $(168,828,921) |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Service Shares | 0.25% |
Cash II Shares | 0.25% |
Cash Series Shares | 0.60% |
Distribution Services Fees Incurred | Distribution Services Fees Waived | |
Service Shares | $26,161 | $(21,975) |
Cash II Shares | 8,397 | (1,679) |
Cash Series Shares | 77,280 | (19,320) |
TOTAL | $111,838 | $(42,974) |
Beginning Account Value 11/1/2022 | Ending Account Value 4/30/2023 | Expenses Paid During Period1 | |
Actual | $1,000.00 | $1,013.00 | $1.60 |
Hypothetical (assuming a 5% return before expenses) | $1,000.00 | $1,023.21 | $1.61 |
1 | Expenses are equal to the Fund annualized net expense ratio of 0.32%, multiplied by the average account value over the period, multiplied by 181/365 (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.
Item 2. | Code of Ethics |
Not Applicable
Item 3. | Audit Committee Financial Expert |
Not Applicable
Item 4. | Principal Accountant Fees and Services |
Not Applicable
Item 5. | Audit Committee of Listed Registrants |
Not Applicable
Item 6. | Schedule of Investments |
(a) The registrant’s Schedule of Investments is included as part of the Report to Stockholders filed under Item 1 of this form.
(b) Not Applicable; Fund had no divestments during the reporting period covered since the previous Form N-CSR filing.
Item 7. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies |
Not Applicable
Item 8. | Portfolio Managers of Closed-End Management Investment Companies |
Not Applicable
Item 9. | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers |
Not Applicable
Item 10. | Submission of Matters to a Vote of Security Holders |
No Changes to Report
Item 11. | Controls and Procedures |
(a) The registrant’s President and Treasurer have concluded that the registrant’s disclosure controls and procedures (as defined in rule 30a-3(c) under the Act) are effective in design and operation and are sufficient to form the basis of the certifications required by Rule 30a-(2) under the Act, based on their evaluation of these disclosure controls and procedures within 90 days of the filing date of this report on Form N-CSR.
(b) There were no changes in the registrant’s internal control over financial reporting (as defined in rule 30a-3(d) under the Act) during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 12. | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies |
Not Applicable
Item 13. | Exhibits |
(a)(1) Code of Ethics- Not Applicable to this Report.
(a)(2) Certifications of Principal Executive Officer and Principal Financial Officer.
(a)(3) Not Applicable.
(b) Certifications pursuant to 18 U.S.C. Section 1350.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Registrant Federated Hermes Money Market Obligations Trust
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date June 22, 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 June 22, 2023
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date June 22, 2023