TBIXX: Federated Hermes Tax-Free Obligations Fund - MutualFunds.com
Continue to site >
Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$1.00

-

0.00%

0.21%

Vitals

YTD Return

0.0%

1 yr return

0.0%

3 Yr Avg Return

0.8%

5 Yr Avg Return

0.8%

Net Assets

$2.7 B

Holdings in Top 10

26.3%

52 WEEK LOW AND HIGH

$1.00
$1.00
$1.00

Expenses

OPERATING FEES

Expense Ratio 0.21%

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

$500,000


Fund Classification

Fund Type

Money Market Fund

Investment Style

Money Market-Tax-Free


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$1.00

-

0.00%

0.21%

TBIXX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.06%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Tax-Free Obligations Fund
  • Fund Family Name
    Federated
  • Inception Date
    Dec 12, 1989
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Management Team

Fund Description

The fund invests primarily in a portfolio of high-quality, tax-exempt securities maturing in 397 days or less. It will invest its assets so that distributions of annual interest income are exempt from federal regular income tax. The Adviser also will invest its 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 also are exempt from the AMT.


TBIXX - Performance

Return Ranking - Trailing

Period TBIXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 66.06%
1 Yr 0.0% 0.0% 0.7% 20.73%
3 Yr 0.8%* 0.0% 1.1% 10.26%
5 Yr 0.8%* 0.0% 1.0% 5.37%
10 Yr 0.4%* 0.0% 0.5% 3.15%

* Annualized

Return Ranking - Calendar

Period TBIXX Return Category Return Low Category Return High Rank in Category (%)
2020 0.0% 0.0% 0.0% 70.55%
2019 0.0% 0.0% 0.0% 70.89%
2018 0.0% 0.0% 0.0% 64.86%
2017 0.0% 0.0% 0.0% 62.86%
2016 0.0% 0.0% 0.0% 61.97%

Total Return Ranking - Trailing

Period TBIXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 66.06%
1 Yr 0.0% -1.0% 0.7% 20.73%
3 Yr 0.8%* 0.0% 1.1% 10.26%
5 Yr 0.8%* 0.0% 1.0% 5.37%
10 Yr 0.4%* 0.0% 0.5% 3.15%

* Annualized

Total Return Ranking - Calendar

Period TBIXX Return Category Return Low Category Return High Rank in Category (%)
2020 0.0% 0.0% 0.0% 70.55%
2019 0.0% 0.0% 0.0% 70.89%
2018 0.0% 0.0% 0.0% 64.55%
2017 0.0% 0.0% 0.0% 62.50%
2016 0.0% 0.0% 0.0% 62.32%

NAV & Total Return History


TBIXX - Holdings

Concentration Analysis

TBIXX Category Low Category High TBIXX % Rank
Net Assets 2.7 B 29.4 M 19.6 B 22.35%
Number of Holdings 199 1 870 25.29%
Net Assets in Top 10 677 M 15 M 19.6 B 21.76%
Weighting of Top 10 26.31% 9.7% 100.0% 70.59%

Top 10 Holdings

  1. NUVEEN AMT-FREE MUN CR INCOME FD 0.09% 4.86%
  2. NUVEEN AMT-FREE MUN CR INCOME FD 0.09% 4.48%
  3. TEXAS ST 4% 4.02%
  4. NUVEEN INSD TAX-FREE ADVANTAGE MUN FD 0.09% 3.88%
  5. WELLS FARGO STAGE TRS VAR STS 0.17% 3.84%
  6. RIB FLOATER TR VARIOUS STS 0.17% 2.51%
  7. WELLS FARGO STAGE TRS VAR STS 0.18% 2.27%
  8. WELLS FARGO STAGE TRS VAR STS 0.2% 2.26%
  9. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 0.14% 1.95%
  10. PORT PORT ARTHUR TEX NAV DIST EXEMPT FACS REV 0.05% 1.94%

Asset Allocation

Weighting Return Low Return High TBIXX % Rank
Bonds
87.74% 0.00% 98.89% 32.35%
Cash
12.26% 1.11% 100.00% 61.18%
Stocks
0.00% 0.00% 0.00% 70.59%
Preferred Stocks
0.00% 0.00% 0.00% 70.59%
Other
0.00% 0.00% 12.12% 75.88%
Convertible Bonds
0.00% 0.00% 0.00% 70.59%

Bond Sector Breakdown

Weighting Return Low Return High TBIXX % Rank
Municipal
87.74% 0.00% 98.89% 39.41%
Cash & Equivalents
12.26% 1.11% 100.00% 62.35%
Derivative
0.00% 0.00% 0.00% 70.59%
Securitized
0.00% 0.00% 0.00% 70.59%
Corporate
0.00% 0.00% 0.00% 70.59%
Government
0.00% 0.00% 39.58% 74.12%

Bond Geographic Breakdown

Weighting Return Low Return High TBIXX % Rank
US
87.74% 0.00% 98.89% 32.35%
Non US
0.00% 0.00% 0.00% 70.59%

TBIXX - Expenses

Operational Fees

TBIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.21% 0.12% 1.18% 78.24%
Management Fee 0.20% 0.08% 0.50% 74.12%
12b-1 Fee N/A 0.00% 0.75% N/A
Administrative Fee 0.10% 0.03% 0.55% 70.59%

Sales Fees

TBIXX 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

TBIXX 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.

TBIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 16.00% N/A

TBIXX - Distributions

Dividend Yield Analysis

TBIXX Category Low Category High TBIXX % Rank
Dividend Yield 0.00% 0.00% 0.00% 70.59%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

TBIXX Category Low Category High TBIXX % Rank
Net Income Ratio 0.06% -0.01% 0.93% 76.33%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

TBIXX - Fund Manager Analysis

Managers

Management Team


Start Date

Tenure

Tenure Rank

Sep 30, 2006

14.93

14.9%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 27.14 13.87 27.14