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Trending ETFs

Federated Hermes Tax-Free Obligations Fund

mutual fund
TBVXX
Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Tax-Free Money Market
share class
Adv (TBIXX) Adv (TBVXX) S (TBSXX)
TBVXX (Mutual Fund)

Federated Hermes Tax-Free Obligations Fund

Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Tax-Free Money Market
share class
Adv (TBIXX) Adv (TBVXX) S (TBSXX)
TBVXX (Mutual Fund)

Federated Hermes Tax-Free Obligations Fund

Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Tax-Free Money Market
share class
Adv (TBIXX) Adv (TBVXX) S (TBSXX)

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 Tax-Free Obligations Fund

TBVXX | Fund

$1.00

$2.57 B

2.97%

$0.03

0.29%

Vitals

YTD Return

3.4%

1 yr return

3.4%

3 Yr Avg Return

2.4%

5 Yr Avg Return

1.5%

Net Assets

$2.57 B

Holdings in Top 10

25.5%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.29%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$250,000

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 Tax-Free Obligations Fund

TBVXX | Fund

$1.00

$2.57 B

2.97%

$0.03

0.29%

TBVXX - Profile

Distributions

  • YTD Total Return 3.4%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.07%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Federated Hermes Tax-Free Obligations Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Jan 18, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • 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 distributions of annual interest income are exempt from federal regular income tax. The Fund’s investment adviser (the “Adviser”) also 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 distributions of annual interest income also are exempt from the 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 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 Board has adopted two fundamental investment policies relating to the tax-exempt nature of the Fund’s income distribution. First, the Board adopted a fundamental investment policy that the Fund will invest its assets so that at least 80% of the Fund’s annual interest income will be exempt from federal regular income tax. Under that policy, federal regular income tax does not include the AMT. Upon the adoption of Rule 35(d)(1) under the 1940 Act, because the Fund refers to tax-free investments in its name, the Board adopted a second policy, that the Fund also will invest its assets so that at least 80% of the income it distributes will be exempt from federal income tax. Under this second policy, federal income tax includes both federal regular income tax and the AMT. These policies may not be changed without shareholder approval.Consistent with, and in addition to, its fundamental investment policies, the Adviser also 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 AMT, such that distributions of annual interest income also are exempt from the AMT.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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TBVXX - Performance

Return Ranking - Trailing

Period TBVXX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% 2.2% 5.2% 17.81%
1 Yr 3.4% 2.2% 5.2% 17.81%
3 Yr 2.4%* 1.5% 3.8% 16.92%
5 Yr 1.5%* 0.9% 2.3% 27.54%
10 Yr N/A* 0.7% 1.3% N/A

* Annualized

Return Ranking - Calendar

Period TBVXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% 0.0% 0.0% 94.59%
2022 0.0% 0.0% 0.0% 94.59%
2021 0.0% 0.0% 0.0% 93.94%
2020 0.0% 0.0% 0.0% 93.75%
2019 N/A 0.0% 0.0% N/A

Total Return Ranking - Trailing

Period TBVXX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% 2.2% 5.2% 17.81%
1 Yr 3.4% 2.2% 5.2% 17.81%
3 Yr 2.4%* 1.5% 3.8% 16.92%
5 Yr 1.5%* 0.9% 2.3% 27.54%
10 Yr N/A* 0.7% 1.3% N/A

* Annualized

Total Return Ranking - Calendar

Period TBVXX Return Category Return Low Category Return High Rank in Category (%)
2023 3.2% 2.0% 5.4% 41.89%
2022 0.8% 0.2% 1.2% 62.16%
2021 0.0% 0.0% 0.3% 34.85%
2020 0.3% 0.0% 1.3% 62.50%
2019 N/A 0.1% 2.7% N/A

NAV & Total Return History

TBVXX - Holdings

Concentration Analysis

TBVXX Category Low Category High TBVXX % Rank
Net Assets 2.57 B 3.67 M 19.7 B 28.38%
Number of Holdings 218 1 921 22.97%
Net Assets in Top 10 606 M 40.6 M 17.4 B 29.73%
Weighting of Top 10 25.48% 9.8% 100.0% 64.86%

Top 10 Holdings

  1. NUVEEN AMT-FREE MUN CR INCOME FD 0.57% 4.88%
  2. NUVEEN INSD TAX-FREE ADVANTAGE MUN FD 0.56% 4.21%
  3. TEXAS ST 4% 4.02%
  4. WELLS FARGO STAGE TRS VAR STS 0.17% 3.84%
  5. NUVEEN AMT-FREE MUN CR INCOME FD 0.57% 3.72%
  6. RIB FLOATER TR VARIOUS STS 0.17% 2.51%
  7. WELLS FARGO STAGE TRS VAR STS 0.2% 2.26%
  8. WELLS FARGO STAGE TRS VAR STS 0.2% 2.25%
  9. NUVEEN NEW YORK AMT-FREE MUN INCOME FD 0.56% 2.10%
  10. EAST BATON ROUGE PARISH LA INC INDL DEV BRD REV 0.09% 2.02%

Asset Allocation

Weighting Return Low Return High TBVXX % Rank
Bonds 		86.17% 0.00% 99.21% 37.84%
Cash 		13.83% 0.79% 100.00% 66.22%
Stocks 		0.00% 0.00% 0.00% 93.24%
Preferred Stocks 		0.00% 0.00% 0.00% 93.24%
Other 		0.00% 0.00% 0.00% 93.24%
Convertible Bonds 		0.00% 0.00% 0.00% 93.24%

Bond Sector Breakdown

Weighting Return Low Return High TBVXX % Rank
Municipal 		86.17% 0.00% 99.21% 37.84%
Cash & Equivalents 		13.83% 0.79% 100.00% 66.22%
Derivative 		0.00% 0.00% 0.00% 93.24%
Securitized 		0.00% 0.00% 0.00% 93.24%
Corporate 		0.00% 0.00% 0.00% 93.24%
Government 		0.00% 0.00% 13.45% 93.24%

Bond Geographic Breakdown

Weighting Return Low Return High TBVXX % Rank
US 		86.17% 0.00% 99.21% 37.84%
Non US 		0.00% 0.00% 0.00% 93.24%

TBVXX - Expenses

Operational Fees

TBVXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.29% 0.15% 1.77% 79.73%
Management Fee 0.20% 0.08% 0.49% 79.73%
12b-1 Fee N/A 0.00% 0.75% N/A
Administrative Fee 0.10% 0.05% 0.50% 67.31%

Sales Fees

TBVXX 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

TBVXX 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.

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

TBVXX - Distributions

Dividend Yield Analysis

TBVXX Category Low Category High TBVXX % Rank
Dividend Yield 2.97% 2.26% 5.22% 14.86%

Dividend Distribution Analysis

TBVXX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Monthly Monthly

Net Income Ratio Analysis

TBVXX Category Low Category High TBVXX % Rank
Net Income Ratio 0.07% 0.00% 0.12% 4.05%

Capital Gain Distribution Analysis

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

Distributions History

View More +

TBVXX - 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 14.16 15.26

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