Tax-Free Obligations Fund

ticker T B S X X Mutual Funds . Municipal/Tax Free . Retail .

Overview

 
AT A GLANCE
Portfolio
Assets
February 29 2024
$4.4 B
YTD Return NAV
March 18 2024
0.63%
Liquidity
STRATEGY

Seeks dividend income exempt from federal regular income tax consistent with stability of principal by investing primarily in a portfolio of high quality, tax-exempt securities maturing in 397 days or less.

KEY FACTS
Key Facts - Part 1
Symbol ticker T B S X X
Benchmark iMoneyNet Money Fund Average - Tax Free National Retail
Fund Cutoff Purchases: 03:00 p.m.
Redemptions: 12:00 p.m.
Key Facts - Part 2
Fund Number(s)
397
CUSIP 6 0 9 3 4 N 8 8 0
Performance Incp. Date July 5 1994
Credit Rating AAAmmf Fitch
Aaa-mf Moody's
INVESTMENT GOALS Income
Cash Management
Tax Aware
Portfolio Stability
KEY INVESTMENT TEAM
Mary Jo Ochson, CFA
Senior Vice President
Chief Investment Officer
Head of the Tax-Free Liquidity Investment Area and Short-Term Municipal Bonds
Senior Portfolio Manager

joined Federated Hermes
41 years of experience
Kyle Stewart, CFA
Vice President
Senior Portfolio Manager
Senior Investment Analyst

joined Federated Hermes
27 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

You could lose money by investing in the Fund.  Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so.  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.

Income may be subject to state and local taxes.

The fund’s investment advisor (the "Advisor") 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

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.

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. Money market funds rated Aaa-mf by Moody's are judged to be of an investment quality similar to Aaa-rated fixed income obligations, that is, they are judged to be of the best quality. For more information on credit ratings, visit moodys.com and fitchratings.com.

iMoneyNet Money Fund Average – Tax Free National Retail

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

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

2715405215