Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Institutional Prime Obligations Fund
mutual fund
FPZXX
Payout Change
Pending
Price as of:
$1.0004
+0.0
+0.0%
primary theme
Prime Money Market
share class
FPZXX (Mutual Fund)
Institutional Prime Obligations Fund
Payout Change
Pending
Price as of:
$1.0004
+0.0
+0.0%
primary theme
Prime Money Market
share class
FPZXX (Mutual Fund)
Institutional Prime Obligations Fund
Payout Change
Pending
Price as of:
$1.0004
+0.0
+0.0%
primary theme
Prime Money Market
share class
Name
As of 12/20/2024Price
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
Vitals
YTD Return
5.3%
1 yr return
5.3%
3 Yr Avg Return
3.9%
5 Yr Avg Return
2.4%
Net Assets
$157 M
Holdings in Top 10
31.3%
52 WEEK LOW AND HIGH
$1.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.24%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Money Market Fund
Name
As of 12/20/2024Price
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
FPZXX - Profile
Distributions
- YTD Total Return 5.3%
- 3 Yr Annualized Total Return 3.9%
- 5 Yr Annualized Total Return 2.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.05%
- Dividend Yield 4.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInstitutional Prime Obligations Fund
-
Fund Family NameFirst American
-
Inception DateAug 01, 2003
-
Shares Outstanding707377363
-
Share ClassZ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerManagement Team
Fund Description
Institutional Prime Obligations Fund invests in high-quality short-term debt obligations, including:
| ● | commercial paper; |
| ● | U.S. dollar-denominated obligations of domestic and foreign banks with total assets of at least $500 million (including fixed and variable rate certificates of deposit, time deposits, and bankers’ acceptances); |
| ● | non-convertible corporate debt securities; |
| ● | securities issued by the U.S. government or one of its agencies or instrumentalities; |
| ● | municipal securities, including variable rate demand notes, commercial paper, and municipal notes and other short-term municipal obligations; |
| ● | loan participation interests; and |
| ● | repurchase agreements. |
The fund concentrates its investments in the banking industry. Therefore, under normal market conditions, the fund will invest more than 25% of its total assets in obligations issued by companies in the banking industry. The fund may, however, invest 25% or less of its total assets in this industry as a temporary defensive measure.
The adviser will only purchase (and hold) securities that it determines present minimal credit risk. If a security is no longer determined to present minimal credit risk, the adviser will make every attempt to sell the security, unless it has determined that it would not be in the best interest of the fund to dispose of the security at that time and, where necessary, has obtained the approval of the fund’s board of trustees to continue to hold the security.
FPZXX - Performance
Return Ranking - Trailing
| Period | FPZXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | -91.2% | 5.4% | 15.63% |
| 1 Yr | 5.3% | -91.2% | 5.4% | 18.75% |
| 3 Yr | 3.9%* | 0.0% | 10.3% | 20.65% |
| 5 Yr | 2.4%* | 0.0% | 6.1% | 16.87% |
| 10 Yr | 1.7%* | 0.0% | 2.0% | 24.44% |
* Annualized
Return Ranking - Calendar
| Period | FPZXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.0% | 0.0% | 0.1% | 33.70% |
| 2022 | 0.0% | 0.0% | 0.0% | 24.18% |
| 2021 | 0.0% | 0.0% | 0.0% | 24.14% |
| 2020 | 0.0% | 0.0% | 0.0% | 26.25% |
| 2019 | 0.0% | 0.0% | 0.0% | 26.92% |
Total Return Ranking - Trailing
| Period | FPZXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | -91.2% | 5.4% | 15.63% |
| 1 Yr | 5.3% | -91.2% | 5.4% | 18.75% |
| 3 Yr | 3.9%* | 0.0% | 10.3% | 20.65% |
| 5 Yr | 2.4%* | 0.0% | 6.1% | 16.87% |
| 10 Yr | 1.7%* | 0.0% | 2.0% | 24.44% |
* Annualized
Total Return Ranking - Calendar
| Period | FPZXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.5% | 0.0% | 5.7% | 19.57% |
| 2022 | 1.6% | 0.0% | 1.8% | 17.58% |
| 2021 | 0.1% | 0.0% | 0.1% | 8.05% |
| 2020 | 0.7% | 0.0% | 0.8% | 21.25% |
| 2019 | 2.5% | 0.0% | 4868.4% | 19.23% |
NAV & Total Return History
FPZXX - Holdings
Concentration Analysis
| FPZXX | Category Low | Category High | FPZXX % Rank | |
|---|---|---|---|---|
| Net Assets | 157 M | 16.1 M | 14.9 B | 67.71% |
| Number of Holdings | 120 | 1 | 345 | 51.04% |
| Net Assets in Top 10 | 405 M | 22.7 M | 21.7 B | 78.13% |
| Weighting of Top 10 | 31.33% | 14.2% | 100.0% | 38.54% |
Top 10 Holdings
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
Asset Allocation
| Weighting | Return Low | Return High | FPZXX % Rank | |
|---|---|---|---|---|
| Cash | 94.12% | 35.74% | 100.00% | 45.83% |
| Bonds | 5.88% | 0.00% | 64.26% | 43.75% |
| Stocks | 0.00% | 0.00% | 1.03% | 26.04% |
| Preferred Stocks | 0.00% | 0.00% | 1.01% | 32.29% |
| Other | 0.00% | 0.00% | 0.04% | 26.04% |
| Convertible Bonds | 0.00% | 0.00% | 13.25% | 45.83% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FPZXX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 94.12% | 35.74% | 100.00% | 44.79% |
| Municipal | 5.10% | 0.00% | 49.89% | 30.21% |
| Corporate | 0.39% | 0.00% | 14.24% | 64.58% |
| Government | 0.39% | 0.00% | 30.63% | 48.96% |
| Derivative | 0.00% | 0.00% | 0.36% | 26.04% |
| Securitized | 0.00% | 0.00% | 0.98% | 28.13% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FPZXX % Rank | |
|---|---|---|---|---|
| US | 5.88% | 0.00% | 64.26% | 37.50% |
| Non US | 0.00% | 0.00% | 2.90% | 46.88% |
FPZXX - Expenses
Operational Fees
| FPZXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.24% | 0.12% | 4.99% | 73.96% |
| Management Fee | 0.10% | 0.05% | 0.57% | 19.79% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.13% | 0.05% | 0.55% | 75.00% |
Sales Fees
| FPZXX 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
| FPZXX 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.
| FPZXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 212.00% | N/A |
FPZXX - Distributions
Dividend Yield Analysis
| FPZXX | Category Low | Category High | FPZXX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.55% | 0.00% | 5.40% | 28.13% |
Dividend Distribution Analysis
| FPZXX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| FPZXX | Category Low | Category High | FPZXX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.05% | -1.14% | 1.97% | 16.30% |
Capital Gain Distribution Analysis
| FPZXX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 30, 2024 | $0.004 | OrdinaryDividend |
| Oct 31, 2024 | $0.004 | OrdinaryDividend |
| Sep 30, 2024 | $0.004 | OrdinaryDividend |
| Aug 30, 2024 | $0.004 | OrdinaryDividend |
| Jul 31, 2024 | $0.004 | OrdinaryDividend |
| Apr 30, 2024 | $0.004 | OrdinaryDividend |
| Mar 28, 2024 | $0.004 | OrdinaryDividend |
| Feb 29, 2024 | $0.004 | OrdinaryDividend |
| Jan 31, 2024 | $0.004 | OrdinaryDividend |
| Dec 29, 2023 | $0.005 | OrdinaryDividend |
| Dec 20, 2023 | $0.000 | CapitalGainShortTerm |
| Nov 30, 2023 | $0.004 | OrdinaryDividend |
| Oct 31, 2023 | $0.005 | OrdinaryDividend |
| Sep 30, 2023 | $0.004 | OrdinaryDividend |
| Aug 31, 2023 | $0.004 | OrdinaryDividend |
| Jul 31, 2023 | $0.004 | OrdinaryDividend |
| Jun 30, 2023 | $0.004 | OrdinaryDividend |
| May 31, 2023 | $0.004 | OrdinaryDividend |
| Apr 28, 2023 | $0.004 | OrdinaryDividend |
| Mar 31, 2023 | $0.004 | OrdinaryDividend |
| Feb 28, 2023 | $0.004 | OrdinaryDividend |
| Jan 31, 2023 | $0.004 | OrdinaryDividend |
| Dec 30, 2022 | $0.004 | OrdinaryDividend |
| Nov 30, 2022 | $0.003 | OrdinaryDividend |
| Oct 31, 2022 | $0.003 | OrdinaryDividend |
| Sep 30, 2022 | $0.002 | OrdinaryDividend |
| Aug 31, 2022 | $0.002 | OrdinaryDividend |
| Jul 29, 2022 | $0.001 | OrdinaryDividend |
| Jun 30, 2022 | $0.001 | OrdinaryDividend |
| May 31, 2022 | $0.001 | OrdinaryDividend |
| Apr 29, 2022 | $0.000 | OrdinaryDividend |
| Mar 31, 2022 | $0.000 | OrdinaryDividend |
| Feb 28, 2022 | $0.000 | OrdinaryDividend |
| Jan 31, 2022 | $0.000 | OrdinaryDividend |
| Dec 30, 2021 | $0.000 | OrdinaryDividend |
| Nov 29, 2021 | $0.000 | OrdinaryDividend |
| Oct 28, 2021 | $0.000 | OrdinaryDividend |
| Sep 29, 2021 | $0.000 | OrdinaryDividend |
| Aug 30, 2021 | $0.000 | OrdinaryDividend |
| Jul 29, 2021 | $0.000 | OrdinaryDividend |
| Jun 29, 2021 | $0.000 | OrdinaryDividend |
| May 27, 2021 | $0.000 | OrdinaryDividend |
| Apr 29, 2021 | $0.000 | OrdinaryDividend |
| Mar 30, 2021 | $0.000 | OrdinaryDividend |
| Feb 25, 2021 | $0.000 | OrdinaryDividend |
| Jan 28, 2021 | $0.000 | OrdinaryDividend |
| Dec 31, 2020 | $0.000 | OrdinaryDividend |
| Nov 30, 2020 | $0.000 | OrdinaryDividend |
| Oct 30, 2020 | $0.000 | OrdinaryDividend |
| Sep 30, 2020 | $0.000 | OrdinaryDividend |
| Aug 31, 2020 | $0.000 | OrdinaryDividend |
| Jul 31, 2020 | $0.000 | OrdinaryDividend |
| Jun 30, 2020 | $0.000 | OrdinaryDividend |
| May 29, 2020 | $0.000 | OrdinaryDividend |
| Apr 30, 2020 | $0.000 | OrdinaryDividend |
| Mar 31, 2020 | $0.001 | OrdinaryDividend |
| Feb 28, 2020 | $0.001 | OrdinaryDividend |
| Jan 31, 2020 | $0.001 | OrdinaryDividend |
| Dec 31, 2019 | $0.001 | OrdinaryDividend |
| Nov 29, 2019 | $0.001 | OrdinaryDividend |
| Oct 31, 2019 | $0.002 | OrdinaryDividend |
| Sep 30, 2019 | $0.002 | OrdinaryDividend |
| Aug 30, 2019 | $0.002 | OrdinaryDividend |
| Jul 31, 2019 | $0.002 | OrdinaryDividend |
| Jun 28, 2019 | $0.002 | OrdinaryDividend |
| Dec 27, 2016 | $0.000 | CapitalGainShortTerm |
