California Municipal Cash Trust

ticker C A I X X Mutual Funds . Municipal/Tax Free . Retail .


May 31 2024
$1.3 B
YTD Return NAV
June 23 2024

Seeks current income exempt from federal regular income tax and the personal income taxes imposed by the state of California consistent with stability of principal by investing in a portfolio of high-quality California tax-exempt securities maturing in 397 days or less.

Key Facts - Part 1
Symbol ticker C A I X X
Fund Cutoff (T+0) Purchases: 01:00 p.m.
Redemptions: 12:00 p.m.
Fund Cutoff (T+1) Purchases: 04:00 p.m.
Redemptions: 04:00 p.m.
Key Facts - Part 2
Fund Number(s)
CUSIP 6 0 9 3 4 N 3 6 9
Performance Incp. Date March 4 1996
Cash Management
Tax Aware
Portfolio Stability
Michael Sirianni Jr.
Senior Vice President
Senior Portfolio Manager

joined Federated Hermes
37 years of experience
Kyle Stewart, CFA
Vice President
Senior Portfolio Manager
Senior Investment Analyst

joined Federated Hermes
28 years of experience




For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary.




1 disclosure If this product is new, it will not have completed its first financial reporting period. Please check back to view future shareholder reports. For the new share of an existing fund, you may wish to view recent shareholder reports of another share of that fund by visiting another share.

The “As of Date” for regulatory documents  is the date when the document is effective with the SEC and made available on Federated Hermes' website.

double dagger disclosure PDF file consists of a President's Message or Market Overview (if applicable) and Annual/Semi-Annual Shareholder Report. NOTE: To be sure you have the most recent information, please access both the Annual Report and the Semi-Annual Report.

Distributions and Taxes

Standard Performance


You could lose money by investing in the Fund.  Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so.  The Fund may impose a fee upon sale of your shares.  An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Company or any other government agency.  The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress.

Although not contractually obligated to do so, the adviser and/or certain fund service providers waived all or a portion of their fees or reimbursed the fund for certain operating expenses. These voluntary waivers and reimbursements may be modified or terminated at any time; accordingly, the fund's expenses may vary (i.e., increase or decrease) during the fund's fiscal year. These waivers increase income to the fund and result in a higher return to investors.

Total return represents the change in value of an investment after reinvesting all income and capital gains.

Yield quotations more closely reflect the current earnings of the fund than the total return quotation.

Total returns for periods of less than one year are cumulative.

IMoneyNet MFR California Money Funds

Income may be subject to the federal alternative minimum tax (AMT) for individuals.

Product classifications noted at the top are Federated Hermes' internal classifications.

The fund is a managed portfolio and its holdings are subject to change. Holdings percentages are based on net assets at the close of business on the date above, and may not necessarily reflect adjustments that are routinely made when presenting net assets for formal financial statement purposes.

Although the fund will normally invest its assets so that distributions of annual interest income are exempt from federal regular income tax and federal alternative minimum tax (“AMT”), under certain circumstances, the Fund may invest its assets in securities the interest from which may be subject to AMT, state and/or federal income tax. Consult your tax professional for more information.

Current and future portfolio holdings are subject to risk.

Investors should carefully consider the fund's investment objectives, risks, charges and expenses before investing. To obtain a summary prospectus or prospectus containing this and other information, contact us or view the prospectus provided on this website. Please carefully read the summary prospectus or prospectus before investing.

Mutual funds are subject to risks and fluctuate in value.

Federated Securities Corp., Distributor

Not FDIC Insured
May Lose Value
No Bank Guarantee