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Trending ETFs

Federated Hermes New York Municipal Cash Trust

mutual fund
FNTXX
Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Tax-Free Money Market
share class
S (FNTXX) Adv (NISXX) Other (FNCXX) Other (NYCXX)
FNTXX (Mutual Fund)

Federated Hermes New York Municipal Cash Trust

Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Tax-Free Money Market
share class
S (FNTXX) Adv (NISXX) Other (FNCXX) Other (NYCXX)
FNTXX (Mutual Fund)

Federated Hermes New York Municipal Cash Trust

Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Tax-Free Money Market
share class
S (FNTXX) Adv (NISXX) Other (FNCXX) Other (NYCXX)

Name

As of 12/10/2024

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 New York Municipal Cash Trust

FNTXX | Fund

$1.00

$304 M

2.71%

$0.03

1.09%

Vitals

YTD Return

3.0%

1 yr return

3.0%

3 Yr Avg Return

2.2%

5 Yr Avg Return

1.3%

Net Assets

$304 M

Holdings in Top 10

37.2%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.09%

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 12/10/2024

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 New York Municipal Cash Trust

FNTXX | Fund

$1.00

$304 M

2.71%

$0.03

1.09%

FNTXX - Profile

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Federated Hermes New York 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 New York 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 the personal income taxes imposed by New York State and New York municipalities. The Fund’s investment adviser (the “Adviser”) also normally (except as discussed in this Prospectus) will invest the Fund’s assets entirely in securities whose interest is not subject to (or not a specific preference item for purposes of) the federal alternative minimum tax for individuals (AMT), such that, normally, distributions of annual interest income also are exempt from the AMT. However, in certain circumstances (such as, for example, when there is a lack of supply of non-AMT securities or other tax-exempt securities or there are advantageous market conditions, or if there are changes in the tax laws relating to AMT), to pursue the Fund’s investment objective, the Adviser may leave a portion of the Fund’s assets uninvested or may invest the Fund’s assets in securities the interest from which may be subject to AMT, state and/or federal income tax. These acquisitions may occur in the ordinary course or in connection with Fund reorganization transactions (i.e., transactions in which the Fund acquires the portfolio securities of other mutual funds) or another event or circumstance. The Fund’s Adviser actively manages the Fund’s portfolio, seeking to limit the credit risk taken by the Fund and to select investments with appropriate risk-adjusted returns.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 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”).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 the personal income taxes imposed by New York State and New York municipalities or so that at least 80% of its net assets is invested in obligations, the interest income from which is exempt from federal regular income tax and the personal income taxes imposed by New York State and New York municipalities. Only for purposes of compliance with Rule 35d-1, the Fund will invest its assets so that at least 80% of the income that it distributes will be exempt from federal regular income tax and the personal income taxes imposed by the State of New York and New York municipalities. These policies 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 investment strategies apply:The Fund invests primarily in a portfolio of high-quality New York 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 the personal income taxes imposed by New York State and New York municipalities. 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 the Fund’s investment adviser (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 the personal income taxes imposed by New York State and New York municipalities or so that at least 80% of its net assets is invested in obligations, the interest income from which is exempt from federal regular income tax and the personal income taxes imposed by New York State and New York municipalities. Only for purposes of compliance with Rule 35d-1, the Fund will invest its assets so that at least 80% of the income that it distributes will be exempt from federal regular income tax and the personal income taxes imposed by the State of New York and New York municipalities. These policies 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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FNTXX - Performance

Return Ranking - Trailing

Period FNTXX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% 2.2% 5.2% 71.43%
1 Yr 3.0% 2.2% 5.2% 71.43%
3 Yr 2.2%* 1.5% 3.8% 70.00%
5 Yr 1.3%* 0.9% 2.3% 77.27%
10 Yr 1.0%* 0.7% 1.3% 52.50%

* Annualized

Return Ranking - Calendar

Period FNTXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% 0.0% 0.0% 10.53%
2022 0.0% 0.0% 0.0% 3.95%
2021 0.0% 0.0% 0.0% 4.41%
2020 0.0% 0.0% 0.0% 4.55%
2019 0.0% 0.0% 0.0% 4.29%

Total Return Ranking - Trailing

Period FNTXX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% 2.2% 5.2% 71.43%
1 Yr 3.0% 2.2% 5.2% 71.43%
3 Yr 2.2%* 1.5% 3.8% 70.00%
5 Yr 1.3%* 0.9% 2.3% 77.27%
10 Yr 1.0%* 0.7% 1.3% 52.50%

* Annualized

Total Return Ranking - Calendar

Period FNTXX Return Category Return Low Category Return High Rank in Category (%)
2023 2.9% 2.0% 5.4% 68.42%
2022 0.6% 0.2% 1.2% 81.58%
2021 0.0% 0.0% 0.3% 47.06%
2020 0.2% 0.0% 1.3% 83.33%
2019 2.0% 0.0% 2.7% 17.14%

NAV & Total Return History

FNTXX - Holdings

Concentration Analysis

FNTXX Category Low Category High FNTXX % Rank
Net Assets 304 M 3.67 M 19.7 B 56.58%
Number of Holdings 71 1 921 75.00%
Net Assets in Top 10 122 M 40.6 M 17.4 B 78.95%
Weighting of Top 10 37.23% 9.8% 100.0% 19.74%

Top 10 Holdings

  1. CLIPPER TAX-EXEMPT CTF TR 0.08% 5.40%
  2. TENDER OPT BD TR RCPTS / CTFS VAR STS 0.6% 5.07%
  3. TENDER OPT BD TR RCPTS / CTFS VAR STS 0.6% 5.07%
  4. NUVEEN NEW YORK AMT-FREE MUN INCOME FD 0.56% 4.41%
  5. WELLS FARGO STAGE TRS VAR STS 0.2% 4.39%
  6. TENDER OPT BD TR RCPTS / CTFS VAR STS 0.6% 4.05%
  7. NEW YORK ST HSG FIN AGY REV 0.52% 3.72%
  8. NEW YORK ST HSG FIN AGY REV 0.51% 3.57%
  9. WELLS FARGO STAGE TRS VAR STS 0.66% 3.23%
  10. CLIPPER TAX-EXEMPT CTF TR 0.08% 3.08%

Asset Allocation

Weighting Return Low Return High FNTXX % Rank
Bonds 		81.97% 0.00% 99.21% 51.32%
Cash 		18.03% 0.79% 100.00% 48.68%
Stocks 		0.00% 0.00% 0.00% 3.95%
Preferred Stocks 		0.00% 0.00% 0.00% 3.95%
Other 		0.00% 0.00% 0.00% 3.95%
Convertible Bonds 		0.00% 0.00% 0.00% 3.95%

Bond Sector Breakdown

Weighting Return Low Return High FNTXX % Rank
Municipal 		81.97% 0.00% 99.21% 51.32%
Cash & Equivalents 		18.03% 0.79% 100.00% 48.68%
Derivative 		0.00% 0.00% 0.00% 3.95%
Securitized 		0.00% 0.00% 0.00% 3.95%
Corporate 		0.00% 0.00% 0.00% 3.95%
Government 		0.00% 0.00% 13.45% 11.84%

Bond Geographic Breakdown

Weighting Return Low Return High FNTXX % Rank
US 		81.97% 0.00% 99.21% 51.32%
Non US 		0.00% 0.00% 0.00% 3.95%

FNTXX - Expenses

Operational Fees

FNTXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.15% 1.77% 9.21%
Management Fee 0.30% 0.08% 0.49% 88.16%
12b-1 Fee 0.25% 0.00% 0.75% 36.36%
Administrative Fee 0.10% 0.05% 0.50% 29.63%

Sales Fees

FNTXX 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

FNTXX 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.

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

FNTXX - Distributions

Dividend Yield Analysis

FNTXX Category Low Category High FNTXX % Rank
Dividend Yield 2.71% 2.26% 5.22% 71.05%

Dividend Distribution Analysis

FNTXX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

FNTXX Category Low Category High FNTXX % Rank
Net Income Ratio 0.01% 0.00% 0.12% 21.05%

Capital Gain Distribution Analysis

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

Distributions History

View More +

FNTXX - 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 14.18 15.26

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