Institutional Prime Value Obligations Fund

ticker P V S X X Mutual Funds . Prime . Institutional .

Overview

 
AT A GLANCE
Portfolio
Assets
February 29 2024
$16.0 B
YTD Return NAV
March 27 2024
1.19%
Liquidity
STRATEGY

Seeks current income consistent with stability of principal and liquidity by investing in another money market fund that invests primarily in a portfolio of high-quality, dollar-denominated, fixed-income securities that: (1) are issued by banks, corporations and the U.S. government; and (2) mature in 397 days or less.

KEY FACTS
Key Facts - Part 1
Symbol ticker P V S X X
Strike Times 03:00 p.m. ET T+0, T+1
Fund Cutoff Purchases: 03:00 p.m.
Redemptions: 03:00 p.m.
Key Facts - Part 2
Fund Number(s)
856
CUSIP 6 0 9 3 4 N 5 7 5
Performance Incp. Date September 1 1993
Credit Rating AAAm S&P Global Ratings
AAAmmf Fitch
INVESTMENT GOALS Retirement
Income
Cash Management
Portfolio Stability
KEY INVESTMENT TEAM
Paige Wilhelm
Senior Vice President
Senior Portfolio Manager
Head of Prime Liquidity Group

joined Federated Hermes
32 years of experience
Mark Weiss, CFA
Vice President
Senior Portfolio Manager

joined Federated Hermes
25 years of experience

Performance

Characteristics

DISCLOSURES

For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary.

Commentary

Documents

 
DISCLOSURES

1 disclosure If this product is new, it will not have completed its first financial reporting period. Please check back to view future shareholder reports. For the new share of an existing fund, you may wish to view recent shareholder reports of another share of that fund by visiting another share.

The “As of Date” for regulatory documents  is the date when the document is effective with the SEC and made available on Federated Hermes' website.

double dagger disclosure PDF file consists of a President's Message or Market Overview (if applicable) and Annual/Semi-Annual Shareholder Report. NOTE: To be sure you have the most recent information, please access both the Annual Report and the Semi-Annual Report.

Distributions and Taxes

Standard Performance

 
DISCLOSURES

The value of some asset-backed securities may be particularly sensitive to changes in prevailing interest rates, and although the securities are generally supported by some form of government or private guarantee and/or insurance, there is no assurance that private guarantors or insurers will meet their obligations.

You could lose money by investing in the Fund.  Because the share price of the Fund will fluctuate, when you sell your shares, they may be worth more or less than what you originally paid for them.  The Fund may impose a fee upon sale of your shares.  An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Company or any other government agency.  The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress.

Although not contractually obligated to do so, the adviser and/or certain fund service providers waived all or a portion of their fees or reimbursed the fund for certain operating expenses. These voluntary waivers and reimbursements may be modified or terminated at any time; accordingly, the fund's expenses may vary (i.e., increase or decrease) during the fund's fiscal year. These waivers increase income to the fund and result in a higher return to investors.

Total return represents the change in value of an investment after reinvesting all income and capital gains.

Yield quotations more closely reflect the current earnings of the fund than the total return quotation.

Total returns for periods of less than one year are cumulative.

Institutional money markets funds will value their individual portfolio securities with remaining maturities of 60 days or less using its amortized cost price when such price is approximately the same (as determined by policies adopted by each institutional money market fund’s board) as its fair market price (shadow price). If a security’s shadow price is not approximately the same as its amortized cost price, the institutional money market fund will generally use the shadow price to value that security. As an institutional money market fund’s transactional net asset value (NAV) may have certain securities valued at amortized cost and other securities with remaining maturities greater than 60 days valued at their shadow price, it may differ from its shadow NAV for which all securities are valued based on shadow prices.

The fund invests substantially all of its assets in Federated Hermes Institutional Prime Obligations Fund, an affiliated institutional money market fund. Visit Federated Hermes Institutional Prime Obligations Fund for portfolio detail.

Visit Federated Hermes Institutional Prime Obligations Fund for additional information including its prospectus, statement of additional information, annual and semi-annual reports, and other filings as well as portfolio level detail.

Current and future holdings and that of the Federated Hermes Institutional Prime Obligations Fund in which it invests are subject to risk.

Ratings are based on an evaluation of several factors, including credit quality, diversification and maturity of assets in the portfolio, as well as management strength and operational capabilities. Ratings are subject to change and do not remove market risk.

Benchmark: iMoneyNet MFR Taxable Inst. Current Avg

A money market fund rated AAAm by Standard & Poor’s is granted after evaluating a number of factors, including credit quality, market price, exposure and management. Fitch’s money market fund ratings are an assessment of a money market fund's capacity to preserve principal and provide liquidity through limiting credit, market and liquidity risk. For more information on credit ratings, visit standardandpoors.com and fitchratings.com.

Product classifications noted at the top are Federated Hermes' internal classifications.

Portfolio Holdings for Federated Hermes Institutional Prime Obligations Fund are available by clicking here.

Rule 2a-7 requires that money market funds maintain at least a 10% daily liquidity assets and at least 30% weekly liquidity assets. Both requirements are 'point of purchase' requirements. Thus, it is possible that money market funds may, at any given time, have liquidity percentages reflecting less than the 10% and 30% thresholds. In such circumstances, the portfolio manager will be required to purchase securities to meet the requisite liquidity thresholds prior to purchasing longer-dated securities. Additionally, the SEC requirements for what may be defined as 'daily' and 'weekly' differs from the standard maturities used in calculating the 'Effective Maturity Schedule.' Therefore, the percentages in the 2a-7 Liquidity table will generally not equal the amounts shown in the 'Effective Maturity Schedule.'

The fund is a managed portfolio and its holdings are subject to change. Holdings percentages are based on net assets at the close of business on the date above, and may not necessarily reflect adjustments that are routinely made when presenting net assets for formal financial statement purposes.

Current and future portfolio holdings are subject to risk.

Investors should carefully consider the fund's investment objectives, risks, charges and expenses before investing. To obtain a summary prospectus or prospectus containing this and other information, contact us or view the prospectus provided on this website. Please carefully read the summary prospectus or prospectus before investing.

Federated Securities Corp., Distributor

Not FDIC Insured
May Lose Value
No Bank Guarantee

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