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Trending ETFs

Name

As of 03/27/2024

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

$1.00

$72.1 M

5.14%

$0.05

0.42%

Vitals

YTD Return

1.3%

1 yr return

5.4%

3 Yr Avg Return

2.6%

5 Yr Avg Return

2.4%

Net Assets

$72.1 M

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.42%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$500,000

IRA

N/A


Fund Classification

Fund Type

Money Market Fund


Name

As of 03/27/2024

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

$1.00

$72.1 M

5.14%

$0.05

0.42%

PVOXX - Profile

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return 2.6%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.08%
DIVIDENDS
  • Dividend Yield 5.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Federated Hermes Institutional Prime Value Obligations Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Sep 01, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Management Team

Fund Description

The Fund invests all or substantially all of its net assets in the Institutional Shares of the Underlying Fund, an affiliated institutional money market fund with substantially similar investment objectives and strategies as the Fund. The Fund’s investment in the Underlying Fund is made in a fund of funds structure pursuant to Rule 12d1-1 of the Investment Company Act of 1940, as amended (“1940 Act”). The Fund invests in the Underlying Fund which primarily invests 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 sponsored by the federal government but that have no explicit financial support.In instances where the Fund is unable to invest all of its net assets in the Underlying Fund (for example, due to late-day purchases or trades) the Fund will invest its excess cash in overnight repurchase agreements or other eligible securities, in the discretion of the Fund’s investment adviser. 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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PVOXX - Performance

Return Ranking - Trailing

Period PVOXX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% 0.0% 1.8% 25.68%
1 Yr 5.4% 0.0% 1440.0% 9.59%
3 Yr 2.6%* 0.0% 2.6% 6.67%
5 Yr 2.4%* 0.0% 121.4% 3.25%
10 Yr 1.6%* 0.0% 1.6% 1.16%

* Annualized

Return Ranking - Calendar

Period PVOXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% 0.0% 0.1% 31.72%
2022 0.0% 0.0% 0.0% 35.10%
2021 0.0% 0.0% 0.0% 34.75%
2020 0.0% 0.0% 0.0% 36.64%
2019 0.0% 0.0% 0.0% 36.51%

Total Return Ranking - Trailing

Period PVOXX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% 0.0% 1.8% 25.68%
1 Yr 5.4% 0.0% 1440.0% 9.59%
3 Yr 2.6%* 0.0% 2.6% 6.67%
5 Yr 2.4%* 0.0% 121.4% 3.25%
10 Yr 1.6%* 0.0% 1.6% 1.16%

* Annualized

Total Return Ranking - Calendar

Period PVOXX Return Category Return Low Category Return High Rank in Category (%)
2023 5.1% 0.0% 5.8% 48.28%
2022 1.3% 0.0% 1.8% 57.62%
2021 0.1% 0.0% 0.1% 7.09%
2020 0.7% 0.0% 0.8% 9.16%
2019 4.4% 0.0% 4868.4% 2.38%

NAV & Total Return History


PVOXX - Holdings

Concentration Analysis

PVOXX Category Low Category High PVOXX % Rank
Net Assets 72.1 M 16.1 M 86.2 B 82.05%
Number of Holdings 3 1 345 95.51%
Net Assets in Top 10 8.79 B 5 M 21.7 B 8.33%
Weighting of Top 10 100.00% 14.2% 100.0% 3.21%

Top 10 Holdings

  1. Federated Hermes Instl Prime Obl IS 99.42%
  2. Hsbc Repo 1 Repo 0.57%
  3. Hsbc Repo 1 Repo 0.57%
  4. Hsbc Repo 1 Repo 0.57%
  5. Hsbc Repo 1 Repo 0.57%
  6. Hsbc Repo 1 Repo 0.57%
  7. Hsbc Repo 1 Repo 0.57%
  8. Hsbc Repo 1 Repo 0.57%
  9. Hsbc Repo 1 Repo 0.57%
  10. Hsbc Repo 1 Repo 0.57%

Asset Allocation

Weighting Return Low Return High PVOXX % Rank
Cash
100.00% 35.74% 100.00% 8.33%
Stocks
0.00% 0.00% 1.03% 35.90%
Preferred Stocks
0.00% 0.00% 1.01% 42.31%
Other
0.00% 0.00% 0.04% 35.90%
Convertible Bonds
0.00% 0.00% 13.25% 49.36%
Bonds
0.00% 0.00% 64.26% 92.95%

PVOXX - Expenses

Operational Fees

PVOXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.42% 0.11% 20.36% 49.02%
Management Fee 0.15% 0.00% 0.57% 35.26%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.03% 0.55% 51.06%

Sales Fees

PVOXX 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

PVOXX 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.

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

PVOXX - Distributions

Dividend Yield Analysis

PVOXX Category Low Category High PVOXX % Rank
Dividend Yield 5.14% 0.00% 5.29% 8.33%

Dividend Distribution Analysis

PVOXX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

PVOXX Category Low Category High PVOXX % Rank
Net Income Ratio 0.08% -1.14% 1.97% 7.48%

Capital Gain Distribution Analysis

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

Distributions History

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PVOXX - Fund Manager Analysis

Managers

Management Team


Start Date

Tenure

Tenure Rank

Sep 30, 2006

15.68

15.7%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 41.58 16.43 18.34