Institutional Tax-Free Cash Trust

ticker F T F X X Mutual Funds . Municipal/Tax Free . Institutional .

Overview

 
AT A GLANCE
Portfolio
Assets
September 30 2019
$1.2 B
YTD Return NAV
October 20 2019
1.14%
Liquidity
STRATEGY

Seeks dividend income exempt from federal regular income taxes while seeking relative stability of principal by investing in a portfolio of high-quality, tax-exempt securities maturing in five business days or less.

KEY FACTS
Key Facts - Part 1
Symbol ticker F T F X X
Strike Times 01:00 p.m. ET T+0, T+1
Fund Cutoff Purchases: 01:00 p.m. ET
Redemptions: 01:00 p.m. ET
Key Facts - Part 2
Fund Number(s)
73
CUSIP 6 0 9 3 4 N 6 6 6
Performance Incp. Date March 12 1979
Credit Rating AAAm Standard & Poor's
AAAmmf Fitch
INVESTMENT GOALS Income
Cash Management
Tax Aware
Portfolio Stability
MANAGERS
Michael Sirianni Jr.
Senior Vice President
Senior Portfolio Manager

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

joined Federated
23 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’s 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. 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 the sale of your shares or may temporarily suspend your ability to sell shares if the fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

The investment adviser is waiving all or a portion of its management fee, or reimbursing certain operating expenses to the fund, pursuant to its investment advisory agreement with the fund. Shareholders must approve any change to this waiver. Although not contractually obligated to do so, certain fund service providers waived all or a portion of their fees. 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.

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.

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

Benchmark: iMoneyNet MFR Tax-Free Inst. Avg

The fund’s investment advisor normally will invest assets entirely in securities whose interest is not subject to (or not a specific preference item for purposes of) the AMT, such that, normally, distributions of annual interest income also are exempt from the AMT. However, in certain circumstances to pursue the fund’s investment objective, the Advisor may invest the fund’s assets in securities that may be subject to the AMT. In such circumstances, interest from the fund’s investments may be subject to the AMT. Consult your tax professional for more information.

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.

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's 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

1960888728