Prime Cash Obligations Fund

ticker P C O X X Mutual Funds . Prime . Retail .

Overview

 
AT A GLANCE
Portfolio
Assets
September 30 2024
$82.3 B
YTD Return NAV
October 13 2024
4.25%
Liquidity
STRATEGY

Seeks current income consistent with stability of principal and liquidity by investing primarily in a portfolio of high-quality, dollar-denominated, fixed-income securities that: (1) are issued by banks, corporations and the U.S. government; and (2) mature in 397 days or less.

KEY FACTS
Key Facts - Part 1
Symbol ticker P C O X X
Fund Cutoff Purchases: 05:00 p.m.
Redemptions: 05:00 p.m.
Key Facts - Part 2
Fund Number(s)
851
CUSIP 6 0 9 3 4 N 6 2 5
Performance Incp. Date February 8 1993
Credit Rating AAAm S&P Global Ratings
Aaa-mf Moody's
AAAmmf Fitch
Liquidity Webcast
For Financial Professionals: Register to attend or listen to a replay of our quarterly Liquidity Webcast

INVESTMENT GOALS Retirement
Income
Cash Management
Portfolio Stability
KEY INVESTMENT TEAM
Deborah A. Cunningham, CFA
Executive Vice President
Chief Investment Officer Global Liquidity Markets
Senior Portfolio Manager

joined Federated Hermes
38 years of experience
Paige Wilhelm
Senior Vice President
Senior Portfolio Manager
Head of Prime Liquidity Group

joined Federated Hermes
33 years of experience

Performance

Characteristics

DISCLOSURES

For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary. In addition, by accessing documents containing CUSIP information, you agree to the Terms of Use for CUSIP Information contained in the Financial Glossary.

Commentary

Documents

 
DISCLOSURES

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

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.

Distributions and Taxes

Standard Performance

 
DISCLOSURES

The value of some asset-backed securities may be particularly sensitive to changes in prevailing interest rates, and although the securities are generally supported by some form of government or private guarantee and/or insurance, there is no assurance that private guarantors or insurers will meet their obligations.

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 Corporation 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.

The Fund may impose discretionary liquidity fees on redemptions, subject to a determination by the Fund’s Board, or its delegate that such a liquidity fee is in the Fund’s best interests. Such determination will be based on current market conditions and the Fund’s particular circumstances, and it is expected that such fee would be imposed, if at all, during periods of extraordinary market stress. If the Board, including, a majority of the independent Trustees, or its delegate, determines that imposing a liquidity fee is in the Fund’s best interests, the Fund may impose discretionary liquidity fees not to exceed 2% of the value of the shares redeemed. The liquidity fee would be applied to all redemptions and would remain in effect until the Fund’s Board, or its delegate, determines that the fee is no longer in the Fund’s best interests.

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.

Benchmark: iMoneyNet MFR – Prime Retail

Ratings are based on an evaluation of several factors, including credit quality, diversification and maturity of assets in the portfolio, as well as management strength and operational capabilities. Ratings are subject to change and do not remove market risk.

A money market fund rated AAAm by S&P Global Ratings is granted after evaluating a number of factors, including credit quality, market price, exposure and management. Money market funds rated Aaa-mf by Moody's are judged to be of an investment quality similar to Aaa-rated fixed income obligations, that is, they are judged to be of the best quality. Fitch’s money market fund ratings are an assessment of a money market fund’s capacity to preserve principal and provide liquidity through limiting credit, market and liquidity risk. For more information on credit ratings, visit spglobal.com , moodys.com and fitchratings.com.

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

Prior to April 2, 2024, Rule 2a-7 required that money market funds maintain at least 10% daily liquidity assets and at least 30% weekly liquidity assets. Effective April 2, 2024, the daily and weekly liquid assets thresholds increased to 25% and 50%, respectively. Both requirements are “point of purchase” requirements. Thus, it is possible that money market funds may, at any given time, have liquidity percentages reflecting less than the daily and weekly liquidity asset thresholds. In such circumstances, the portfolio manager will be required to purchase securities to meet the requisite liquidity thresholds prior to purchasing longer-dated securities. Additionally, the SEC requirements for what may be defined as “daily” and “weekly” differs from the standard maturities used in calculating the “Effective Maturity Schedule.” Therefore, the percentages in the 2a-7 Liquidity table will generally not equal the amounts shown in the “Effective Maturity Schedule.”

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.

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.

Federated Securities Corp., Distributor

Not FDIC Insured
May Lose Value
No Bank Guarantee

2247616456