Federated Hermes Government Obligations Tax-Managed Fund
Fund
GOAXX
Price as of:
$1.00
- $0.00
- 0.00%
Primary Theme
fund company
Name
As of 05/03/2024Price
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
$1.00
$115 M
4.75%
$0.05
0.57%
Vitals
YTD Return
2.0%
1 yr return
4.9%
3 Yr Avg Return
2.5%
5 Yr Avg Return
1.7%
Net Assets
$115 M
Holdings in Top 10
51.7%
52 WEEK LOW AND HIGH
$1.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.57%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$25,000
IRA
$250
Fund Classification
Fund Type
Money Market Fund
Name
As of 05/03/2024Price
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
$1.00
$115 M
4.75%
$0.05
0.57%
GOAXX - Profile
Distributions
- YTD Total Return 2.0%
- 3 Yr Annualized Total Return 2.5%
- 5 Yr Annualized Total Return 1.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.02%
- Dividend Yield 4.7%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFederated Hermes Government Obligations Tax-Managed Fund
-
Fund Family NameFederated Hermes Funds
-
Inception DateJul 20, 2015
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerManagement Team
Fund Description
The Fund invests in a portfolio of U.S. Treasury and government securities maturing in 397 days or less that pay interest exempt from state personal income tax. The Fund may also hold cash, including cash earning interest at the Fund’s custodian.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 Bank System and Tennessee Valley Authority. 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. Finally, the Fund may invest in government securities that are issued by entities whose activities are sponsored by the federal government, but that have no explicit financial support, including the Farm Credit System.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”).The Fund will operate as a “government money market fund,” as such term is defined in or interpreted under Rule 2a-7 under the Investment Company Act of 1940, as amended (the “1940 Act”). “Government money market funds” are required to invest at least 99.5% of their total assets in: (i) cash; (ii) securities issued or guaranteed by the United States or certain U.S. government agencies or instrumentalities; and/or (iii) repurchase agreements that are collateralized fully. Pursuant to rules adopted by the Securities and Exchange Commission(SEC) in July 2023, government money market funds are not required to adopt a liquidityfeeframework.Under normal conditions, the Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in government securities and/or repurchase agreements that are collateralized by government securities. The Fund will notify shareholders at least 60 days in advance of any change in this investment policy.
Read More
GOAXX - Performance
Return Ranking - Trailing
Period | GOAXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.0% | 0.0% | 2.3% | 29.25% |
1 Yr | 4.9% | 0.5% | 5.8% | 35.00% |
3 Yr | 2.5%* | 0.7% | 2.9% | 57.63% |
5 Yr | 1.7%* | 0.7% | 110.2% | 57.01% |
10 Yr | N/A* | 0.3% | 32.1% | N/A |
* Annualized
Return Ranking - Calendar
Period | GOAXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | -0.1% | 5.0% | 76.75% |
2022 | 0.0% | 0.0% | 1.2% | 79.34% |
2021 | 0.0% | 0.0% | 0.0% | 78.71% |
2020 | 0.0% | 0.0% | 0.4% | 79.71% |
2019 | 0.0% | 0.0% | 2.0% | 80.98% |
Total Return Ranking - Trailing
Period | GOAXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.0% | 0.0% | 2.3% | 29.25% |
1 Yr | 4.9% | 0.5% | 5.8% | 35.00% |
3 Yr | 2.5%* | 0.7% | 2.9% | 57.63% |
5 Yr | 1.7%* | 0.7% | 110.2% | 57.01% |
10 Yr | N/A* | 0.3% | 32.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | GOAXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.5% | 0.8% | 5.9% | 86.00% |
2022 | 0.9% | 0.0% | 1.8% | 89.29% |
2021 | 0.0% | 0.0% | 1.9% | 33.96% |
2020 | 0.3% | 0.0% | 3.0% | 62.94% |
2019 | 3.2% | 0.0% | 3797.9% | 6.75% |
NAV & Total Return History
GOAXX - Holdings
Concentration Analysis
GOAXX | Category Low | Category High | GOAXX % Rank | |
---|---|---|---|---|
Net Assets | 115 M | 818 K | 211 B | 78.00% |
Number of Holdings | 92 | 1 | 346 | 28.57% |
Net Assets in Top 10 | 3.7 B | 147 K | 163 B | 59.65% |
Weighting of Top 10 | 51.71% | 22.7% | 100.0% | 75.52% |
Top 10 Holdings
- United States Treasury Bills 0% 9.64%
- United States Treasury Bills 0% 9.35%
- United States Treasury Bills 0% 8.58%
- United States Treasury Bills 0% 8.34%
- Federal Home Loan Banks 0.04% 8.13%
- United States Treasury Bills 0% 7.12%
- United States Treasury Bills 0% 7.04%
- Federal Home Loan Banks 0.27% 6.98%
- United States Treasury Bills 0% 6.28%
- United States Treasury Bills 0% 6.26%
Asset Allocation
Weighting | Return Low | Return High | GOAXX % Rank | |
---|---|---|---|---|
Cash | 78.98% | 25.56% | 100.00% | 30.75% |
Bonds | 21.02% | 0.00% | 74.44% | 66.50% |
Stocks | 0.00% | 0.00% | 0.00% | 79.75% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 79.75% |
Other | 0.00% | -1.67% | 0.04% | 79.00% |
Convertible Bonds | 0.00% | 0.00% | 21.22% | 82.25% |
Bond Sector Breakdown
Weighting | Return Low | Return High | GOAXX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 78.98% | 0.00% | 100.00% | 28.50% |
Government | 21.02% | 0.00% | 44.01% | 64.75% |
Derivative | 0.00% | 0.00% | 0.00% | 79.75% |
Securitized | 0.00% | 0.00% | 1.75% | 80.25% |
Corporate | 0.00% | 0.00% | 100.00% | 86.25% |
Municipal | 0.00% | 0.00% | 22.71% | 81.25% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | GOAXX % Rank | |
---|---|---|---|---|
US | 21.02% | 0.00% | 72.86% | 66.25% |
Non US | 0.00% | 0.00% | 3.41% | 80.75% |
GOAXX - Expenses
Operational Fees
GOAXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.57% | 0.07% | 4.53% | 25.25% |
Management Fee | 0.15% | 0.03% | 0.50% | 50.50% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.01% | 0.55% | 59.55% |
Sales Fees
GOAXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 5.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
GOAXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 5.00% | 5.00% | 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.
GOAXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 485.00% | N/A |
GOAXX - Distributions
Dividend Yield Analysis
GOAXX | Category Low | Category High | GOAXX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.75% | 0.00% | 5.70% | 71.25% |
Dividend Distribution Analysis
GOAXX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
GOAXX | Category Low | Category High | GOAXX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.02% | -1.09% | 1.67% | 26.67% |
Capital Gain Distribution Analysis
GOAXX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 30, 2024 | $0.004 | DailyAccrualFund |
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 | $0.003 | DailyAccrualFund |
Mar 31, 2023 | $0.004 | DailyAccrualFund |
Feb 28, 2023 | $0.003 | DailyAccrualFund |
Jan 31, 2023 | $0.003 | 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 | $0.001 | DailyAccrualFund |
Jul 29, 2022 | $0.001 | DailyAccrualFund |
Jun 30, 2022 | $0.000 | DailyAccrualFund |
May 31, 2022 | $0.000 | DailyAccrualFund |
Apr 29, 2022 | $0.000 | DailyAccrualFund |
Mar 31, 2020 | $0.001 | DailyAccrualFund |
Feb 28, 2020 | $0.001 | DailyAccrualFund |
Jan 31, 2020 | $0.001 | DailyAccrualFund |
Oct 31, 2019 | $0.001 | DailyAccrualFund |
Jul 31, 2019 | $0.002 | DailyAccrualFund |
May 31, 2019 | $0.002 | DailyAccrualFund |
Apr 30, 2019 | $0.017 | 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 | $0.001 | DailyAccrualFund |
Oct 31, 2018 | $0.001 | DailyAccrualFund |
Aug 31, 2018 | $0.001 | DailyAccrualFund |
Jul 31, 2018 | $0.001 | 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 | $0.000 | DailyAccrualFund |
Jun 30, 2017 | $0.000 | DailyAccrualFund |
May 31, 2017 | $0.000 | DailyAccrualFund |
Apr 28, 2017 | $0.000 | DailyAccrualFund |
Mar 31, 2017 | $0.000 | DailyAccrualFund |
Feb 28, 2017 | $0.000 | DailyAccrualFund |
Jan 31, 2017 | $0.000 | DailyAccrualFund |