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Trending ETFs

Federated Hermes Municipal Obligations Fund

mutual fund
MFSXX
Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Tax-Free Money Market
share class
Other (MFSXX) Adv (MOFXX) Investor (MOIXX) Other (MODXX) Other (MOTXX) S (MOSXX) Instl (MFCXX)
MFSXX (Mutual Fund)

Federated Hermes Municipal Obligations Fund

Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Tax-Free Money Market
share class
Other (MFSXX) Adv (MOFXX) Investor (MOIXX) Other (MODXX) Other (MOTXX) S (MOSXX) Instl (MFCXX)
MFSXX (Mutual Fund)

Federated Hermes Municipal Obligations Fund

Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Tax-Free Money Market
share class
Other (MFSXX) Adv (MOFXX) Investor (MOIXX) Other (MODXX) Other (MOTXX) S (MOSXX) Instl (MFCXX)

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 Municipal Obligations Fund

MFSXX | Fund

$1.00

$3.21 B

2.33%

$0.02

1.25%

Vitals

YTD Return

2.7%

1 yr return

2.7%

3 Yr Avg Return

1.9%

5 Yr Avg Return

1.2%

Net Assets

$3.21 B

Holdings in Top 10

29.4%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.25%

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

$250

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 Municipal Obligations Fund

MFSXX | Fund

$1.00

$3.21 B

2.33%

$0.02

1.25%

MFSXX - Profile

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return 1.9%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Federated Hermes Municipal Obligations Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Jun 02, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Management Team

Fund Description

The Fund invests primarily in a portfolio of high-quality, 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. 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 (“Rule 2a-7”). The Adviser may invest in securities subject to 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 the income that it distributes will be exempt from federal regular income tax. This policy may not be changed without shareholder approval.In addition, 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 also leave a portion of the Fund’s assets uninvested, or may invest in securities subject to federal income tax.
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MFSXX - Performance

Return Ranking - Trailing

Period MFSXX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% 2.2% 5.2% 90.00%
1 Yr 2.7% 2.2% 5.2% 90.00%
3 Yr 1.9%* 1.5% 3.8% 91.43%
5 Yr 1.2%* 0.9% 2.3% 93.94%
10 Yr N/A* 0.7% 1.3% N/A

* Annualized

Return Ranking - Calendar

Period MFSXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% 0.0% 0.0% 50.00%
2022 0.0% 0.0% 0.0% 44.74%
2021 0.0% 0.0% 0.0% 39.71%
2020 0.0% 0.0% 0.0% 40.91%
2019 0.0% 0.0% 0.0% 45.71%

Total Return Ranking - Trailing

Period MFSXX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% 2.2% 5.2% 90.00%
1 Yr 2.7% 2.2% 5.2% 90.00%
3 Yr 1.9%* 1.5% 3.8% 91.43%
5 Yr 1.2%* 0.9% 2.3% 93.94%
10 Yr N/A* 0.7% 1.3% N/A

* Annualized

Total Return Ranking - Calendar

Period MFSXX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% 2.0% 5.4% 86.84%
2022 0.4% 0.2% 1.2% 96.05%
2021 0.0% 0.0% 0.3% 57.35%
2020 0.2% 0.0% 1.3% 84.85%
2019 1.2% 0.0% 2.7% 50.00%

NAV & Total Return History

MFSXX - Holdings

Concentration Analysis

MFSXX Category Low Category High MFSXX % Rank
Net Assets 3.21 B 3.67 M 19.7 B 10.53%
Number of Holdings 228 1 921 10.53%
Net Assets in Top 10 785 M 40.6 M 17.4 B 15.79%
Weighting of Top 10 29.36% 9.8% 100.0% 48.68%

Top 10 Holdings

  1. J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 0.66% 6.68%
  2. J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 0.66% 3.83%
  3. J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 0.66% 3.34%
  4. TEXAS ST 4% 3.31%
  5. J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 0.66% 2.81%
  6. WELLS FARGO STAGE TRS VAR STS 0.17% 2.68%
  7. AGENCY ENHANCED AFFORDABLE HSG TR 1.16% 2.67%
  8. SAVANNAH GA ECONOMIC DEV AUTH REV 0.63% 2.55%
  9. PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 0.78% 2.39%
  10. NUVEEN QUALITY MUN INCOME FD 0.6% 2.32%

Asset Allocation

Weighting Return Low Return High MFSXX % Rank
Bonds 		91.05% 0.00% 99.21% 11.84%
Cash 		8.95% 0.79% 100.00% 81.58%
Stocks 		0.00% 0.00% 0.00% 44.74%
Preferred Stocks 		0.00% 0.00% 0.00% 44.74%
Other 		0.00% 0.00% 0.00% 44.74%
Convertible Bonds 		0.00% 0.00% 0.00% 44.74%

Bond Sector Breakdown

Weighting Return Low Return High MFSXX % Rank
Municipal 		91.05% 0.00% 99.21% 11.84%
Cash & Equivalents 		8.95% 0.79% 100.00% 81.58%
Derivative 		0.00% 0.00% 0.00% 44.74%
Securitized 		0.00% 0.00% 0.00% 44.74%
Corporate 		0.00% 0.00% 0.00% 44.74%
Government 		0.00% 0.00% 13.45% 50.00%

Bond Geographic Breakdown

Weighting Return Low Return High MFSXX % Rank
US 		91.05% 0.00% 99.21% 11.84%
Non US 		0.00% 0.00% 0.00% 44.74%

MFSXX - Expenses

Operational Fees

MFSXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.25% 0.15% 1.77% 5.26%
Management Fee 0.20% 0.08% 0.49% 68.42%
12b-1 Fee 0.60% 0.00% 0.75% 95.45%
Administrative Fee 0.10% 0.05% 0.50% 44.44%

Sales Fees

MFSXX 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

MFSXX 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.

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

MFSXX - Distributions

Dividend Yield Analysis

MFSXX Category Low Category High MFSXX % Rank
Dividend Yield 2.33% 2.26% 5.22% 85.53%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MFSXX Category Low Category High MFSXX % Rank
Net Income Ratio 0.01% 0.00% 0.12% 53.95%

Capital Gain Distribution Analysis

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

Distributions History

View More +

MFSXX - Fund Manager Analysis

Managers

Management Team

Start Date

Tenure

Tenure Rank

Sep 30, 2006

15.68

15.7%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.83 27.88 14.18 15.26

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