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Trending ETFs

Federated Hermes California Municipal Cash Trust

mutual fund
CACXX
Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Tax-Free Money Market
share class
Instl (CCCXX) S (CACXX) Other (CALXX) Other (CCSXX) Adv (CAIXX)
CACXX (Mutual Fund)

Federated Hermes California Municipal Cash Trust

Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Tax-Free Money Market
share class
Instl (CCCXX) S (CACXX) Other (CALXX) Other (CCSXX) Adv (CAIXX)
CACXX (Mutual Fund)

Federated Hermes California Municipal Cash Trust

Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Tax-Free Money Market
share class
Instl (CCCXX) S (CACXX) Other (CALXX) Other (CCSXX) Adv (CAIXX)

Name

As of 12/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes California Municipal Cash Trust

CACXX | Fund

$1.00

$349 M

2.81%

$0.03

0.70%

Vitals

YTD Return

3.0%

1 yr return

3.0%

3 Yr Avg Return

2.0%

5 Yr Avg Return

1.3%

Net Assets

$349 M

Holdings in Top 10

36.8%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$10,000

IRA

N/A

Fund Classification

Fund Type

Money Market Fund

Name

As of 12/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes California Municipal Cash Trust

CACXX | Fund

$1.00

$349 M

2.81%

$0.03

0.70%

CACXX - Profile

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 2.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Federated Hermes California Municipal Cash Trust
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Sep 01, 2010
  • Shares Outstanding
    N/A
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Management Team

Fund Description

Until May 5, 2024, the following investment strategies apply:The Fund invests primarily in a portfolio of high-quality California tax-exempt securities maturing in 397 days or less. The Fund will invest its assets so that, normally, distributions of annual interest income are exempt from federal regular income tax and California state income tax. Interest from the Fund’s investments may be subject to the federal alternative minimum tax for individuals (AMT). However, the Fund will normally invest its assets so that distributions are exempt from AMT.Tax-exempt securities are fixed-income securities that, in the opinion of bond counsel to the issuer or on the basis of another authority believed by Federated Investment Management Company (the “Adviser”) to be reliable, pay interest that is not subject to federal regular income taxes. The types of securities in which the Fund may principally invest include: (a) tax-exempt securities such as the following types, some of which may be subject to credit enhancement: variable rate demand instruments, municipal notes, general obligation bonds, special revenue bonds, private activity bonds and tax-exempt commercial paper; and (b) interests in securities of other investment companies.In pursuing its investment objective and implementing its investment strategies, the Fund will comply with Rule 2a-7 under the Investment Company Act of 1940, as amended (“Rule 2a-7”). In response to unusual circumstances, such as adverse market, economic or other conditions (for example, to help avoid potential losses, or during periods when there is a shortage of appropriate tax-exempt securities), to maintain liquidity to meet shareholder redemptions, or to accommodate cash inflows, the Adviser may leave a portion of the Fund’s assets uninvested, or may invest in securities subject to state and/or federal income tax. The Fund’s investment adviser may invest in securities subject to the AMT in an attempt to seek appropriate risk adjusted returns and provide diversification.Under normal circumstances, the Fund will invest its assets so that at least 80% of its annual interest income will be exempt from federal regular income tax and California state income tax or so that 80% of its net assets is invested in obligations, the interest income from which is exempt from federal regular income tax and California state income tax. This policy may not be changed without shareholder approval.The Fund will count securities subject to the AMT toward satisfaction of the 80% basket in accordance with Rule 35d-1 under the 1940 Act.Effective on May 6, 2024, the following revised investment strategies apply:The Fund invests primarily in a portfolio of high-quality California tax-exempt securities maturing in 397 days or less. The Fund will invest its assets so that, normally, distributions of annual interest income are exempt from federal regular income tax and California state income tax. Interest from the Fund’s investments may be subject to the federal alternative minimum tax for individuals (AMT).Tax-exempt securities are fixed-income securities that, in the opinion of bond counsel to the issuer or on the basis of another authority believed by Federated Investment Management Company (the “Adviser”) to be reliable, pay interest that is not subject to federal regular income taxes. The types of securities in which the Fund may principally invest include: (a) tax-exempt securities such as the following types, some of which may be subject to credit enhancement: variable rate demand instruments, municipal notes, general obligation bonds, special revenue bonds, private activity bonds and tax-exempt commercial paper; and (b) interests in securities of other investment companies.In pursuing its investment objective and implementing its investment strategies, the Fund will comply with Rule 2a-7 under the Investment Company Act of 1940, as amended (“1940 Act”). In response to unusual circumstances, such as adverse market, economic or other conditions (for example, to help avoid potential losses, or during periods when there is a shortage of appropriate tax-exempt securities), to maintain liquidity to meet shareholder redemptions, or to accommodate cash inflows, the Adviser may leave a portion of the Fund’s assets uninvested, or may invest in securities subject to state and/or federal income tax. The Adviser invests in securities subject to the AMT in an attempt to seek appropriate risk adjusted returns and provide diversification.Under normal circumstances, the Fund will invest its assets so that at least 80% of its annual interest income will be exempt from federal regular income tax and California state income tax or so that 80% of its net assets is invested in obligations, the interest income from which is exempt from federal regular income tax and California state income tax.This policy may not be changed without shareholder approval.The Fund will count securities subject to the AMT toward satisfaction of the 80% basket in accordance with Rule 35d-1 under the 1940 Act.
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CACXX - Performance

Return Ranking - Trailing

Period CACXX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% 2.2% 5.2% 72.60%
1 Yr 3.0% 2.2% 5.2% 72.60%
3 Yr 2.0%* 1.5% 3.8% 80.00%
5 Yr 1.3%* 0.9% 2.3% 82.61%
10 Yr 1.0%* 0.7% 1.3% 58.14%

* Annualized

Return Ranking - Calendar

Period CACXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% 0.0% 0.0% 8.11%
2022 0.0% 0.0% 0.0% 1.35%
2021 0.0% 0.0% 0.0% 1.52%
2020 0.0% 0.0% 0.0% 1.56%
2019 0.0% 0.0% 0.0% 1.47%

Total Return Ranking - Trailing

Period CACXX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% 2.2% 5.2% 72.60%
1 Yr 3.0% 2.2% 5.2% 72.60%
3 Yr 2.0%* 1.5% 3.8% 80.00%
5 Yr 1.3%* 0.9% 2.3% 82.61%
10 Yr 1.0%* 0.7% 1.3% 58.14%

* Annualized

Total Return Ranking - Calendar

Period CACXX Return Category Return Low Category Return High Rank in Category (%)
2023 2.5% 2.0% 5.4% 89.19%
2022 0.6% 0.2% 1.2% 83.78%
2021 0.0% 0.0% 0.3% 28.79%
2020 0.2% 0.0% 1.3% 87.50%
2019 1.9% 0.1% 2.7% 22.06%

NAV & Total Return History

CACXX - Holdings

Concentration Analysis

CACXX Category Low Category High CACXX % Rank
Net Assets 349 M 3.67 M 19.7 B 47.30%
Number of Holdings 114 1 921 60.81%
Net Assets in Top 10 266 M 40.6 M 17.4 B 45.95%
Weighting of Top 10 36.84% 9.8% 100.0% 21.62%

Top 10 Holdings

  1. RIB FLOATER TR VARIOUS STS 0.63% 7.23%
  2. CALIFORNIA STATEWIDE CMNTYS DEV AUTH MULTIFAMILY HSG REV 0.58% 4.91%
  3. MIZUHO FLOATER / RESIDUAL TR VAR STS 0.6% 4.81%
  4. CALIFORNIA EDL FACS AUTH REV 0.09% 3.46%
  5. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV VRDO IAM COML PAPER 3/A2 SER 2009 3.46%
  6. MIZUHO FLOATER / RESIDUAL TR VAR STS 0.76% 3.46%
  7. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV VRDO IAM COML PAPER 3/A2 SER 2009 3.30%
  8. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV VRDO IAM COML PAPER 3/A2 SER 2009 3.09%
  9. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV VRDO IAM COML PAPER 3/A2 SER 2009 3.07%
  10. CALIFORNIA STATEWIDE CMNTYS DEV AUTH MULTIFAMILY HSG REV 0.15% 2.94%

Asset Allocation

Weighting Return Low Return High CACXX % Rank
Bonds 		81.26% 0.00% 99.21% 56.76%
Cash 		18.74% 0.79% 100.00% 39.19%
Stocks 		0.00% 0.00% 0.00% 1.35%
Preferred Stocks 		0.00% 0.00% 0.00% 1.35%
Other 		0.00% 0.00% 0.00% 1.35%
Convertible Bonds 		0.00% 0.00% 0.00% 1.35%

Bond Sector Breakdown

Weighting Return Low Return High CACXX % Rank
Municipal 		81.26% 0.00% 99.21% 56.76%
Cash & Equivalents 		18.74% 0.79% 100.00% 39.19%
Derivative 		0.00% 0.00% 0.00% 1.35%
Securitized 		0.00% 0.00% 0.00% 1.35%
Corporate 		0.00% 0.00% 0.00% 1.35%
Government 		0.00% 0.00% 13.45% 9.46%

Bond Geographic Breakdown

Weighting Return Low Return High CACXX % Rank
US 		81.26% 0.00% 99.21% 56.76%
Non US 		0.00% 0.00% 0.00% 1.35%

CACXX - Expenses

Operational Fees

CACXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.15% 1.77% 21.62%
Management Fee 0.30% 0.08% 0.49% 86.49%
12b-1 Fee N/A 0.00% 0.75% N/A
Administrative Fee 0.10% 0.05% 0.50% 25.00%

Sales Fees

CACXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

CACXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CACXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 0.00% N/A

CACXX - Distributions

Dividend Yield Analysis

CACXX Category Low Category High CACXX % Rank
Dividend Yield 2.81% 2.26% 5.22% 74.32%

Dividend Distribution Analysis

CACXX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Monthly Monthly

Net Income Ratio Analysis

CACXX Category Low Category High CACXX % Rank
Net Income Ratio 0.01% 0.00% 0.12% 17.57%

Capital Gain Distribution Analysis

CACXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

CACXX - Fund Manager Analysis

Managers

Management Team

Start Date

Tenure

Tenure Rank

Feb 28, 2007

15.26

15.3%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.83 27.88 14.16 15.26

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