Federated Hermes Institutional Money Market Management
Fund
MMMXX
Price as of:
$1.00
- $0.00
- 0.00%
Primary Theme
fund company
Name
As of 04/22/2024Price
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
Vitals
YTD Return
1.7%
1 yr return
5.2%
3 Yr Avg Return
2.6%
5 Yr Avg Return
2.3%
Net Assets
$1.8 B
Holdings in Top 10
33.4%
52 WEEK LOW AND HIGH
$1.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.53%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,500
IRA
$250
Fund Classification
Fund Type
Money Market Fund
Name
As of 04/22/2024Price
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
MMMXX - Profile
Distributions
- YTD Total Return 1.7%
- 3 Yr Annualized Total Return 2.6%
- 5 Yr Annualized Total Return 2.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.01%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFederated Hermes Institutional Money Market Management
-
Fund Family NameFederated Hermes Funds
-
Inception DateJul 21, 2014
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerManagement Team
Fund Description
The Fund invests primarily in a portfolio of high-quality, dollar-denominated, fixed-income securities which: (1) are issued by banks and corporations in the U.S. and other countries and the U.S. government; and (2) mature in 397 days or less.Certain of the government securities in which the Fund invests are not backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation (“Freddie Mac”), the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits. The Fund may also invest in government securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association (“Ginnie Mae”). Finally, the Fund may invest in certain government securities that are issued by entities whose activities are supported by the federal government, but that have no explicit financial support.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”).
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MMMXX - Performance
Return Ranking - Trailing
Period | MMMXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.7% | 0.0% | 2.2% | 48.65% |
1 Yr | 5.2% | 0.0% | 1445.6% | 40.97% |
3 Yr | 2.6%* | 0.0% | 2.8% | 42.75% |
5 Yr | 2.3%* | 0.0% | 121.5% | 7.20% |
10 Yr | 1.5%* | 0.0% | 1.6% | 10.84% |
* Annualized
Return Ranking - Calendar
Period | MMMXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | 0.0% | 0.1% | 49.31% |
2022 | 0.0% | 0.0% | 0.0% | 38.00% |
2021 | 0.0% | 0.0% | 0.0% | 37.14% |
2020 | 0.0% | 0.0% | 0.0% | 38.93% |
2019 | 0.0% | 0.0% | 0.0% | 38.89% |
Total Return Ranking - Trailing
Period | MMMXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.7% | 0.0% | 2.2% | 48.65% |
1 Yr | 5.2% | 0.0% | 1445.6% | 40.97% |
3 Yr | 2.6%* | 0.0% | 2.8% | 42.75% |
5 Yr | 2.3%* | 0.0% | 121.5% | 7.20% |
10 Yr | 1.5%* | 0.0% | 1.6% | 10.84% |
* Annualized
Total Return Ranking - Calendar
Period | MMMXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.9% | 0.0% | 5.8% | 70.14% |
2022 | 1.2% | 0.0% | 1.8% | 80.67% |
2021 | 0.0% | 0.0% | 0.1% | 58.57% |
2020 | 0.6% | 0.0% | 0.8% | 29.77% |
2019 | 4.0% | 0.0% | 4868.4% | 7.94% |
NAV & Total Return History
MMMXX - Holdings
Concentration Analysis
MMMXX | Category Low | Category High | MMMXX % Rank | |
---|---|---|---|---|
Net Assets | 1.8 B | 16.1 M | 86.2 B | 14.84% |
Number of Holdings | 113 | 1 | 345 | 55.48% |
Net Assets in Top 10 | 357 M | 22.7 M | 21.7 B | 82.58% |
Weighting of Top 10 | 33.37% | 14.2% | 100.0% | 52.26% |
Top 10 Holdings
- Mitsubishi 7 Repo 14.34%
- Mitsubishi 7 Repo 14.34%
- Mitsubishi 7 Repo 14.34%
- Mitsubishi 7 Repo 14.34%
- Mitsubishi 7 Repo 14.34%
- Mitsubishi 7 Repo 14.34%
- Mitsubishi 7 Repo 14.34%
- Mitsubishi 7 Repo 14.34%
- Mitsubishi 7 Repo 14.34%
- Mitsubishi 7 Repo 14.34%
Asset Allocation
Weighting | Return Low | Return High | MMMXX % Rank | |
---|---|---|---|---|
Cash | 94.48% | 35.74% | 100.00% | 38.06% |
Bonds | 5.52% | 0.00% | 64.26% | 52.90% |
Stocks | 0.00% | 0.00% | 1.03% | 38.71% |
Preferred Stocks | 0.00% | 0.00% | 1.01% | 43.87% |
Other | 0.00% | 0.00% | 0.04% | 38.71% |
Convertible Bonds | 0.00% | 0.00% | 13.25% | 52.26% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MMMXX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 94.48% | 35.74% | 100.00% | 37.42% |
Corporate | 3.18% | 0.00% | 14.24% | 25.16% |
Municipal | 2.34% | 0.00% | 49.89% | 50.32% |
Derivative | 0.00% | 0.00% | 0.36% | 38.71% |
Securitized | 0.00% | 0.00% | 0.98% | 40.65% |
Government | 0.00% | 0.00% | 30.63% | 77.42% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MMMXX % Rank | |
---|---|---|---|---|
US | 5.52% | 0.00% | 64.26% | 52.90% |
Non US | 0.00% | 0.00% | 2.90% | 55.48% |
MMMXX - Expenses
Operational Fees
MMMXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.53% | 0.11% | 20.36% | 32.24% |
Management Fee | 0.15% | 0.00% | 0.57% | 34.84% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.03% | 0.55% | 50.54% |
Sales Fees
MMMXX 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% | 5.00% | N/A |
Trading Fees
MMMXX 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.
MMMXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 212.00% | N/A |
MMMXX - Distributions
Dividend Yield Analysis
MMMXX | Category Low | Category High | MMMXX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 5.34% | 48.39% |
Dividend Distribution Analysis
MMMXX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
MMMXX | Category Low | Category High | MMMXX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.01% | -1.14% | 1.97% | 54.79% |
Capital Gain Distribution Analysis
MMMXX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 31, 2024 | $0.004 | DailyAccrualFund |
Feb 29, 2024 | $0.004 | DailyAccrualFund |
Jan 31, 2024 | $0.004 | DailyAccrualFund |
Dec 31, 2023 | $0.004 | DailyAccrualFund |
Nov 30, 2023 | $0.004 | DailyAccrualFund |
Oct 31, 2023 | $0.004 | DailyAccrualFund |
Sep 30, 2023 | $0.004 | DailyAccrualFund |
Aug 31, 2023 | $0.004 | DailyAccrualFund |
Jul 31, 2023 | $0.004 | DailyAccrualFund |
Jun 30, 2023 | $0.004 | DailyAccrualFund |
May 31, 2023 | $0.004 | DailyAccrualFund |
Apr 30, 2023 | $0.004 | DailyAccrualFund |
Mar 31, 2023 | $0.004 | DailyAccrualFund |
Feb 28, 2023 | $0.003 | DailyAccrualFund |
Jan 31, 2023 | $0.004 | DailyAccrualFund |
Dec 31, 2022 | $0.003 | DailyAccrualFund |
Nov 30, 2022 | $0.003 | DailyAccrualFund |
Oct 31, 2022 | $0.002 | DailyAccrualFund |
Sep 30, 2022 | $0.002 | DailyAccrualFund |
Aug 31, 2022 | $0.002 | DailyAccrualFund |
Jul 29, 2022 | $0.001 | DailyAccrualFund |
Jun 30, 2022 | $0.001 | DailyAccrualFund |
May 31, 2022 | $0.000 | DailyAccrualFund |
Apr 29, 2022 | $0.000 | DailyAccrualFund |
Mar 31, 2022 | $0.000 | DailyAccrualFund |
Feb 28, 2022 | $0.000 | DailyAccrualFund |
Jan 31, 2022 | $0.000 | DailyAccrualFund |
Dec 31, 2021 | $0.000 | DailyAccrualFund |
Oct 31, 2021 | $0.000 | DailyAccrualFund |
Sep 30, 2021 | $0.000 | DailyAccrualFund |
Jul 31, 2021 | $0.000 | DailyAccrualFund |
Jun 30, 2021 | $0.000 | DailyAccrualFund |
May 31, 2021 | $0.000 | DailyAccrualFund |
Apr 30, 2021 | $0.000 | DailyAccrualFund |
Mar 31, 2021 | $0.000 | DailyAccrualFund |
Feb 28, 2021 | $0.000 | DailyAccrualFund |
Jan 31, 2021 | $0.000 | DailyAccrualFund |
Dec 31, 2020 | $0.000 | DailyAccrualFund |
Nov 30, 2020 | $0.000 | DailyAccrualFund |
Oct 30, 2020 | $0.000 | DailyAccrualFund |
Sep 30, 2020 | $0.000 | DailyAccrualFund |
Jul 31, 2020 | $0.000 | DailyAccrualFund |
Jun 30, 2020 | $0.000 | DailyAccrualFund |
May 29, 2020 | $0.000 | DailyAccrualFund |
Apr 30, 2020 | $0.001 | DailyAccrualFund |
Mar 31, 2020 | $0.001 | DailyAccrualFund |
Feb 28, 2020 | $0.001 | DailyAccrualFund |
Jan 31, 2020 | $0.001 | DailyAccrualFund |
Dec 31, 2019 | $0.001 | DailyAccrualFund |
Nov 29, 2019 | $0.001 | DailyAccrualFund |
Oct 31, 2019 | $0.001 | DailyAccrualFund |
Sep 30, 2019 | $0.002 | DailyAccrualFund |
Aug 30, 2019 | $0.002 | DailyAccrualFund |
Jul 31, 2019 | $0.002 | DailyAccrualFund |
Jun 28, 2019 | $0.002 | OrdinaryDividend |
May 31, 2019 | $0.002 | DailyAccrualFund |
Apr 30, 2019 | $0.021 | DailyAccrualFund |
Mar 29, 2019 | $0.002 | DailyAccrualFund |
Feb 28, 2019 | $0.002 | DailyAccrualFund |
Jan 31, 2019 | $0.002 | DailyAccrualFund |
Dec 31, 2018 | $0.002 | DailyAccrualFund |
Nov 30, 2018 | $0.002 | DailyAccrualFund |
Oct 31, 2018 | $0.002 | DailyAccrualFund |
Aug 31, 2018 | $0.002 | DailyAccrualFund |
Jul 31, 2018 | $0.002 | DailyAccrualFund |
Jun 29, 2018 | $0.001 | DailyAccrualFund |
May 31, 2018 | $0.001 | DailyAccrualFund |
Apr 30, 2018 | $0.001 | DailyAccrualFund |
Mar 29, 2018 | $0.001 | DailyAccrualFund |
Feb 28, 2018 | $0.001 | DailyAccrualFund |
Jan 31, 2018 | $0.001 | DailyAccrualFund |
Dec 29, 2017 | $0.001 | DailyAccrualFund |
Nov 30, 2017 | $0.001 | DailyAccrualFund |
Oct 31, 2017 | $0.001 | DailyAccrualFund |
Sep 29, 2017 | $0.001 | DailyAccrualFund |
Aug 31, 2017 | $0.001 | DailyAccrualFund |
Jul 31, 2017 | $0.001 | DailyAccrualFund |
Jun 30, 2017 | $0.001 | DailyAccrualFund |
May 31, 2017 | $0.001 | DailyAccrualFund |
Apr 28, 2017 | $0.001 | DailyAccrualFund |
Mar 31, 2017 | $0.001 | DailyAccrualFund |
Feb 28, 2017 | $0.000 | DailyAccrualFund |
Jan 31, 2017 | $0.000 | DailyAccrualFund |
Dec 30, 2016 | $0.000 | DailyAccrualFund |
Oct 31, 2016 | $0.000 | DailyAccrualFund |
Sep 30, 2016 | $0.000 | DailyAccrualFund |
Aug 31, 2016 | $0.000 | DailyAccrualFund |
Jul 29, 2016 | $0.000 | DailyAccrualFund |
Jun 30, 2016 | $0.000 | DailyAccrualFund |
May 31, 2016 | $0.000 | DailyAccrualFund |
Apr 29, 2016 | $0.000 | DailyAccrualFund |
Mar 31, 2016 | $0.000 | DailyAccrualFund |
Feb 29, 2016 | $0.000 | DailyAccrualFund |
Jan 29, 2016 | $0.000 | DailyAccrualFund |
Aug 31, 2010 | $0.000 | DailyAccrualFund |
Jul 30, 2010 | $0.000 | DailyAccrualFund |
Apr 30, 2010 | $0.000 | DailyAccrualFund |
Nov 30, 2009 | $0.000 | DailyAccrualFund |
Oct 30, 2009 | $0.000 | DailyAccrualFund |
Sep 30, 2009 | $0.000 | DailyAccrualFund |
Aug 31, 2009 | $0.000 | DailyAccrualFund |
Jul 31, 2009 | $0.000 | DailyAccrualFund |
Jun 30, 2009 | $0.001 | DailyAccrualFund |
May 29, 2009 | $0.001 | DailyAccrualFund |
Apr 30, 2009 | $0.001 | DailyAccrualFund |
Mar 31, 2009 | $0.001 | DailyAccrualFund |
Feb 27, 2009 | $0.001 | DailyAccrualFund |
Jan 30, 2009 | $0.002 | DailyAccrualFund |
Dec 31, 2008 | $0.002 | DailyAccrualFund |
Nov 28, 2008 | $0.002 | DailyAccrualFund |
Oct 31, 2008 | $0.002 | DailyAccrualFund |
Sep 30, 2008 | $0.002 | DailyAccrualFund |
Aug 29, 2008 | $0.002 | DailyAccrualFund |
Jul 31, 2008 | $0.002 | DailyAccrualFund |
Jun 30, 2008 | $0.002 | DailyAccrualFund |
May 30, 2008 | $0.002 | DailyAccrualFund |
Apr 30, 2008 | $0.002 | DailyAccrualFund |
Mar 31, 2008 | $0.003 | DailyAccrualFund |
Feb 29, 2008 | $0.003 | DailyAccrualFund |
Jan 31, 2008 | $0.004 | DailyAccrualFund |
Dec 31, 2007 | $0.004 | DailyAccrualFund |
Nov 30, 2007 | $0.004 | DailyAccrualFund |
Oct 31, 2007 | $0.004 | DailyAccrualFund |
Sep 28, 2007 | $0.004 | DailyAccrualFund |
Aug 31, 2007 | $0.004 | DailyAccrualFund |
Jul 31, 2007 | $0.004 | DailyAccrualFund |
Jun 29, 2007 | $0.003 | DailyAccrualFund |
May 31, 2007 | $0.004 | DailyAccrualFund |
Apr 30, 2007 | $0.003 | DailyAccrualFund |
Mar 30, 2007 | $0.004 | DailyAccrualFund |
Feb 28, 2007 | $0.003 | DailyAccrualFund |
Jan 31, 2007 | $0.004 | DailyAccrualFund |
Dec 29, 2006 | $0.004 | DailyAccrualFund |
Nov 30, 2006 | $0.003 | DailyAccrualFund |
Oct 31, 2006 | $0.004 | DailyAccrualFund |
Sep 29, 2006 | $0.003 | DailyAccrualFund |
Aug 31, 2006 | $0.004 | DailyAccrualFund |
Jul 31, 2006 | $0.004 | DailyAccrualFund |
Jun 30, 2006 | $0.003 | DailyAccrualFund |
May 31, 2006 | $0.003 | DailyAccrualFund |
Apr 28, 2006 | $0.003 | DailyAccrualFund |
Mar 31, 2006 | $0.003 | DailyAccrualFund |
Feb 28, 2006 | $0.003 | DailyAccrualFund |
Jan 31, 2006 | $0.003 | DailyAccrualFund |
Nov 30, 2005 | $0.002 | DailyAccrualFund |
Oct 31, 2005 | $0.002 | DailyAccrualFund |
Sep 30, 2005 | $0.002 | DailyAccrualFund |
Aug 31, 2005 | $0.002 | DailyAccrualFund |
Jul 29, 2005 | $0.002 | DailyAccrualFund |
Jun 30, 2005 | $0.002 | DailyAccrualFund |
May 31, 2005 | $0.002 | DailyAccrualFund |
Apr 29, 2005 | $0.001 | DailyAccrualFund |
Mar 31, 2005 | $0.001 | DailyAccrualFund |
Feb 28, 2005 | $0.001 | DailyAccrualFund |
Jan 31, 2005 | $0.001 | DailyAccrualFund |
Dec 31, 2004 | $0.001 | DailyAccrualFund |
Nov 30, 2004 | $0.001 | DailyAccrualFund |
Oct 29, 2004 | $0.001 | DailyAccrualFund |
Sep 30, 2004 | $0.000 | DailyAccrualFund |
Aug 31, 2004 | $0.000 | DailyAccrualFund |
Jul 30, 2004 | $0.000 | DailyAccrualFund |
Jun 30, 2003 | $0.000 | DailyAccrualFund |
May 30, 2003 | $0.000 | DailyAccrualFund |
Apr 30, 2003 | $0.000 | DailyAccrualFund |
Mar 31, 2003 | $0.000 | DailyAccrualFund |
Feb 28, 2003 | $0.000 | DailyAccrualFund |
Jan 31, 2003 | $0.000 | DailyAccrualFund |
Dec 31, 2002 | $0.000 | DailyAccrualFund |
Nov 29, 2002 | $0.001 | DailyAccrualFund |
Oct 31, 2002 | $0.001 | DailyAccrualFund |
Sep 30, 2002 | $0.001 | DailyAccrualFund |
Aug 30, 2002 | $0.001 | DailyAccrualFund |
Jul 31, 2002 | $0.001 | DailyAccrualFund |
Jun 28, 2002 | $0.001 | DailyAccrualFund |
May 31, 2002 | $0.001 | DailyAccrualFund |
Apr 30, 2002 | $0.001 | DailyAccrualFund |
Mar 28, 2002 | $0.001 | DailyAccrualFund |
Feb 28, 2002 | $0.001 | DailyAccrualFund |
Jan 31, 2002 | $0.001 | DailyAccrualFund |
Dec 31, 2001 | $0.001 | DailyAccrualFund |
Nov 30, 2001 | $0.001 | DailyAccrualFund |
Oct 31, 2001 | $0.002 | DailyAccrualFund |
Sep 28, 2001 | $0.002 | DailyAccrualFund |
Aug 31, 2001 | $0.002 | DailyAccrualFund |
Jul 31, 2001 | $0.003 | DailyAccrualFund |
Jun 29, 2001 | $0.003 | DailyAccrualFund |
May 31, 2001 | $0.003 | DailyAccrualFund |
Apr 30, 2001 | $0.003 | DailyAccrualFund |
Mar 30, 2001 | $0.004 | DailyAccrualFund |
Feb 28, 2001 | $0.004 | DailyAccrualFund |
Jan 31, 2001 | $0.005 | DailyAccrualFund |
Dec 29, 2000 | $0.005 | DailyAccrualFund |
Nov 30, 2000 | $0.005 | DailyAccrualFund |
Oct 31, 2000 | $0.005 | DailyAccrualFund |
Sep 29, 2000 | $0.005 | DailyAccrualFund |
Aug 31, 2000 | $0.005 | DailyAccrualFund |
Jul 31, 2000 | $0.005 | DailyAccrualFund |
Jun 30, 2000 | $0.005 | OrdinaryDividend |
May 31, 2000 | $0.005 | OrdinaryDividend |
Apr 28, 2000 | $0.004 | OrdinaryDividend |
Mar 31, 2000 | $0.003 | OrdinaryDividend |
Jan 31, 2000 | $0.004 | DailyAccrualFund |