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Name

As of 04/15/2024

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 Institutional Tax-Free Cash Trust

FTFXX | Fund

$1.00

$19.7 B

0.00%

0.30%

Vitals

YTD Return

1.1%

1 yr return

3.3%

3 Yr Avg Return

1.7%

5 Yr Avg Return

1.5%

Net Assets

$19.7 B

Holdings in Top 10

36.8%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.30%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A

Fund Classification

Fund Type

Money Market Fund

Name

As of 04/15/2024

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 Institutional Tax-Free Cash Trust

FTFXX | Fund

$1.00

$19.7 B

0.00%

0.30%

FTFXX - Profile

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Institutional Tax-Free Cash Trust
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Dec 23, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Premier
  • 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 five business 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 (“Adviser”) also normally 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 are also exempt from the AMT. However, in certain circumstances (such as, for example, when there is a lack of supply of non-AMT or other tax-exempt securities or there are advantageous market conditions, or if there are changes in the tax laws relating to AMT), to pursue the Fund’s investment objective, the Adviser may leave a portion of the Fund’s assets uninvested, or may invest the Fund’s assets in securities the interest from which may be subject to AMT, state and/or federal income tax. These acquisitions may occur in the ordinary course or in connection with Fund reorganization transactions (i.e., transactions in which the Fund acquires the portfolio securities of other mutual funds) or another event or circumstance. The Adviser actively manages the Fund’s portfolio, seeking to limit the credit risk taken by the Fund and to select investments with appropriate risk-adjusted returns.Although the Fund is a money market fund, the net asset value (NAV) of the Fund’s shares will “float,” fluctuating with changes in the values of the Fund’s portfolio securities. Although the Fund is a floating net asset value money market fund and its share price will fluctuate, by investing in high quality securities with maturities of five business days or less, typically maintaining a weighted average portfolio maturity of approximately seven days or less and using amortized cost to value such securities when available, the Fund seeks to minimize the volatility of its NAV.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 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”).Under normal circumstances, the Fund will invest its assets so that at least 80% of the Fund’s net assets (plus the amount of any borrowings for investment purposes) are invested in securities the income of which will be exempt from federal regular income tax. This policy may not be changed without shareholder approval.
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FTFXX - Performance

Return Ranking - Trailing

Period FTFXX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% 0.5% 1.8% 20.93%
1 Yr 3.3% 2.1% 5.3% 20.24%
3 Yr 1.7%* 1.0% 2.6% 20.51%
5 Yr 1.5%* 0.6% 1.9% 11.25%
10 Yr 1.0%* 0.4% 1.1% 5.56%

* Annualized

Return Ranking - Calendar

Period FTFXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% 0.0% 0.0% 11.63%
2022 0.0% 0.0% 0.0% 6.98%
2021 0.0% 0.0% 0.0% 7.69%
2020 0.0% 0.0% 0.0% 8.11%
2019 0.0% 0.0% 0.0% 7.69%

Total Return Ranking - Trailing

Period FTFXX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% 0.5% 1.8% 20.93%
1 Yr 3.3% 2.1% 5.3% 20.24%
3 Yr 1.7%* 1.0% 2.6% 20.51%
5 Yr 1.5%* 0.6% 1.9% 11.25%
10 Yr 1.0%* 0.4% 1.1% 5.56%

* Annualized

Total Return Ranking - Calendar

Period FTFXX Return Category Return Low Category Return High Rank in Category (%)
2023 3.2% 2.0% 5.4% 46.51%
2022 0.8% 0.2% 1.2% 55.81%
2021 0.0% 0.0% 0.3% 74.36%
2020 0.3% 0.0% 1.3% 60.81%
2019 2.6% 0.0% 2.7% 2.56%

NAV & Total Return History

FTFXX - Holdings

Concentration Analysis

FTFXX Category Low Category High FTFXX % Rank
Net Assets 19.7 B 3.67 M 19.7 B 1.16%
Number of Holdings 78 1 921 68.60%
Net Assets in Top 10 343 M 40.6 M 17.4 B 32.56%
Weighting of Top 10 36.80% 9.8% 100.0% 31.40%

Top 10 Holdings

  1. EMERY CNTY UTAH POLLUTN CTL REV 0.14% 5.50%
  2. PERRY CNTY MISS POLLUTION CTL REV 0.12% 5.09%
  3. NUVEEN INSD TAX-FREE ADVANTAGE MUN FD 0.56% 5.05%
  4. ST LUCIE CNTY FLA POLLUTN CTL REV 0.12% 4.91%
  5. IOWA FIN AUTH MIDWESTERN DISASTER AREA REV 0.56% 4.45%
  6. VICTORVILLE CALIF JT PWRS FING AUTH LEASE REV 0.13% 4.41%
  7. ESCAMBIA CNTY FLA SOLID WASTE DISP SYS REV 0.07% 4.34%
  8. GAINESVILLE FLA UTILS SYS REV 0.52% 4.33%
  9. NUVEEN NEW YORK AMT-FREE MUN INCOME FD 0.56% 4.29%
  10. PERRY CNTY MISS POLLUTION CTL REV 0.56% 4.01%

Asset Allocation

Weighting Return Low Return High FTFXX % Rank
Bonds 		98.41% 0.00% 99.21% 2.33%
Cash 		1.59% 0.79% 100.00% 97.67%
Stocks 		0.00% 0.00% 0.00% 6.98%
Preferred Stocks 		0.00% 0.00% 0.00% 6.98%
Other 		0.00% 0.00% 0.00% 6.98%
Convertible Bonds 		0.00% 0.00% 0.00% 6.98%

Bond Sector Breakdown

Weighting Return Low Return High FTFXX % Rank
Municipal 		98.41% 0.00% 99.21% 2.33%
Cash & Equivalents 		1.59% 0.79% 100.00% 97.67%
Derivative 		0.00% 0.00% 0.00% 6.98%
Securitized 		0.00% 0.00% 0.00% 6.98%
Corporate 		0.00% 0.00% 0.00% 6.98%
Government 		0.00% 0.00% 13.45% 13.95%

Bond Geographic Breakdown

Weighting Return Low Return High FTFXX % Rank
US 		98.41% 0.00% 99.21% 2.33%
Non US 		0.00% 0.00% 0.00% 6.98%

FTFXX - Expenses

Operational Fees

FTFXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.15% 1.77% 72.09%
Management Fee 0.20% 0.08% 0.49% 61.63%
12b-1 Fee N/A 0.00% 0.75% N/A
Administrative Fee 0.10% 0.05% 0.55% 25.86%

Sales Fees

FTFXX 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

FTFXX 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.

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

FTFXX - Distributions

Dividend Yield Analysis

FTFXX Category Low Category High FTFXX % Rank
Dividend Yield 0.00% 2.19% 5.18% 22.09%

Dividend Distribution Analysis

FTFXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FTFXX Category Low Category High FTFXX % Rank
Net Income Ratio 0.01% 0.00% 0.12% 23.26%

Capital Gain Distribution Analysis

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

Distributions History

View More +

FTFXX - Fund Manager Analysis

Managers

Management Team

Start Date

Tenure

Tenure Rank

Feb 28, 2007

15.26

15.3%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.83 27.88 14.3 15.26

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