POIXX: Federated Hermes Institutional Prime Obligations Fund - MutualFunds.com
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Federated Hermes Instl Prime Obl IS

POIXX - Snapshot

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 1.6%
  • 5 Yr Annualized Return 1.3%
  • Net Assets $22.2 B
  • Holdings in Top 10 23.6%

52 WEEK LOW AND HIGH

$1.00
$1.00
$1.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.28%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $500,000
  • IRA N/A

Fund Classification


Compare POIXX to Popular Prime Money Market Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$1.00

0.00%

$88.93 B

-

$0.00

0.42%

$1.00

0.00%

$74.64 B

-

-

0.00%

0.45%

$1.00

0.00%

$52.74 B

0.25%

$0.00

0.21%

$1.00

0.00%

$42.34 B

0.13%

$0.00

0.42%

$1.00

0.00%

$24.00 B

0.28%

$0.00

0.00%

0.30%

POIXX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.37%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Institutional Prime Obligations Fund
  • Fund Family Name
    Federated
  • Inception Date
    Mar 26, 1990
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Management Team

Fund Description

The fund invests primarily in a portfolio of high-quality, dollar-denominated fixed-income securities which: (1) are issued by banks, corporations and the U.S. government; and (2) mature in 397 days or less. It may also invest in government securities that are supported by the full faith and credit of the U.S. government. The fund may invest in certain government securities that are issued by entities whose activities are sponsored by the federal government, but that have no explicit financial support.


POIXX - Performance

Return Ranking - Trailing

Period POIXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 65.05%
1 Yr 0.3% 0.0% 0.6% 9.48%
3 Yr 1.6%* 0.0% 1.6% 6.00%
5 Yr 1.3%* 0.0% 1.3% 13.33%
10 Yr 0.7%* 0.0% 0.7% 12.42%

* Annualized

Return Ranking - Calendar

Period POIXX Return Category Return Low Category Return High Rank in Category (%)
2020 0.0% 0.0% 0.0% 64.32%
2019 0.0% 0.0% 0.0% 62.81%
2018 0.0% 0.0% 0.0% 60.92%
2017 0.0% 0.0% 0.0% 61.05%
2016 0.0% 0.0% 0.0% 64.58%

Total Return Ranking - Trailing

Period POIXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 65.05%
1 Yr 0.3% -5.3% 0.6% 9.48%
3 Yr 1.6%* -0.7% 1.6% 6.00%
5 Yr 1.3%* -0.2% 1.3% 13.33%
10 Yr 0.7%* -0.1% 0.7% 12.42%

* Annualized

Total Return Ranking - Calendar

Period POIXX Return Category Return Low Category Return High Rank in Category (%)
2020 0.0% 0.0% 0.0% 66.33%
2019 0.0% 0.0% 0.0% 64.82%
2018 0.0% 0.0% 0.0% 63.37%
2017 0.0% 0.0% 0.0% 61.76%
2016 0.0% 0.0% 0.0% 68.13%

NAV & Total Return History


POIXX - Holdings

Concentration Analysis

POIXX Category Low Category High POIXX % Rank
Net Assets 22.2 B 12.7 M 88.9 B 12.56%
Number of Holdings 260 1 387 9.77%
Net Assets in Top 10 5.29 B 5 M 20.2 B 11.16%
Weighting of Top 10 23.59% 15.4% 100.0% 78.14%

Top 10 Holdings

  1. United States Treasury Bills 0.01% 6.43%
  2. Mitsubishi 6 Repo 5.13%
  3. Mitsubishi 6 Repo 5.13%
  4. Mitsubishi 6 Repo 5.13%
  5. Mitsubishi 6 Repo 5.13%
  6. Mitsubishi 6 Repo 5.13%
  7. Mitsubishi 6 Repo 5.13%
  8. Mitsubishi 6 Repo 5.13%
  9. Mitsubishi 6 Repo 5.13%
  10. Mitsubishi 6 Repo 5.13%

Asset Allocation

Weighting Return Low Return High POIXX % Rank
Cash
95.86% 51.89% 100.00% 41.40%
Bonds
3.99% 0.00% 48.11% 54.88%
Preferred Stocks
0.15% 0.00% 0.56% 6.05%
Stocks
0.00% 0.00% 0.00% 60.93%
Other
0.00% 0.00% 0.00% 60.93%
Convertible Bonds
0.00% 0.00% 17.85% 71.16%

Bond Sector Breakdown

Weighting Return Low Return High POIXX % Rank
Cash & Equivalents
91.43% 51.89% 100.00% 49.30%
Corporate
6.37% 0.00% 34.28% 25.12%
Municipal
1.25% 0.00% 45.77% 43.72%
Government
0.71% 0.00% 39.63% 38.14%
Securitized
0.23% 0.00% 2.75% 1.86%
Derivative
0.00% 0.00% 0.00% 60.93%

Bond Geographic Breakdown

Weighting Return Low Return High POIXX % Rank
US
3.59% 0.00% 48.11% 52.09%
Non US
0.40% 0.00% 4.51% 35.35%

POIXX - Expenses

Operational Fees

POIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.28% 0.11% 3.88% 74.65%
Management Fee 0.20% 0.04% 0.57% 66.98%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.03% 0.50% 65.52%

Sales Fees

POIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 5.50% 5.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

POIXX 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.

POIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 212.00% N/A

POIXX - Distributions

Dividend Yield Analysis

POIXX Category Low Category High POIXX % Rank
Dividend Yield 0.00% 0.00% 0.31% 65.12%

Dividend Distribution Analysis

POIXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

POIXX Category Low Category High POIXX % Rank
Net Income Ratio 1.37% -0.08% 2.39% 41.78%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

POIXX - Fund Manager Analysis

Managers

Management Team


Start Date

Tenure

Tenure Rank

Sep 30, 2009

11.42

11.4%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.53 40.33 15.85 17.08