Federated Hermes Tax-Free Obl Wealth (TBIXX)
1.00
0.00 (0.00%)
USD |
Mar 17 2023
Key Stats
| Expense Ratio | Total Assets Under Management | Dividend Yield | Turnover Ratio |
|---|---|---|---|
| 0.21% | 3.110B | 1.42% | -- |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized All Time Total Returns (Daily) | Max Drawdown (All) |
| 755.40M | 1.55% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The investment seeks to provide dividend income exempt from federal regular income tax consistent with stability of principal. 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. |
| General | |
| Security Type | Money Market Fund |
| Oldest Share Symbol | TBIXX |
| Equity Style | -- |
| Fixed Income Style | -- |
| Broad Asset Class | Money Market |
| Broad Category | Money Market |
| Category Name | Money Market-Tax-Free |
| Category Index | ICE BofA USD 3M Dep OR CM TR USD |
| Global Category Name | US Money Market |
| YCharts Categorization | Money Market |
| YCharts Benchmark | Bloomberg US Treasury Bills 1-3 Month (^BBUTB13MTR) |
| Prospectus Objective | Money Mkt - Federal Tax Exempt |
| Fund Owner Firm Name | Federated |
| Prospectus Benchmark Index | |
| N/A | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBUTB13MTR | 100.0% |
| Manager Tenure | |
| Management Team | 16.43 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
--
--
Category Low
--
Category High
1 Year
% Rank:
23
755.40M
-1.041B
Category Low
7.731B
Category High
3 Months
% Rank:
--
--
Category Low
--
Category High
3 Years
% Rank:
--
--
Category Low
--
Category High
6 Months
% Rank:
--
--
Category Low
--
Category High
5 Years
% Rank:
--
--
Category Low
--
Category High
YTD
% Rank:
--
--
Category Low
--
Category High
10 Years
% Rank:
--
--
Category Low
--
Category High
As of February 28, 2023
Risk
Performance Versus Category
As of March 17, 2023. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of March 17, 2023.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
NUVEEN AMT-FREE MUN CR INCOME FD 3.72%
|
3.45% | -- | -- |
|
ST LUCIE CNTY FLA POLLUTN CTL REV 3.55%
|
3.31% | -- | -- |
|
PITTSBURGH & ALLEGHENY CNTY PA SPORTS & EXHIB AUTH COMWLTH LEASE REV 3.68%
|
2.87% | -- | -- |
|
NUVEEN AMT-FREE MUN CR INCOME FD 3.72%
|
2.63% | -- | -- |
|
RIB FLOATER TR VARIOUS STS 3.86%
|
2.49% | -- | -- |
|
SHELBY CNTY TENN HEALTH EDL & HSG FACS BRD REV 3.6%
|
2.01% | -- | -- |
|
MIZUHO FLOATER / RESIDUAL TR VAR STS 3.96%
|
1.85% | -- | -- |
|
COLUMBIA ALA INDL DEV BRD POLLUTN CTL REV 3.98%
|
1.49% | -- | -- |
|
INDIANA ST FIN AUTH REV VRDO IAM COML PAPER 3/A2 SER 2008 D-2 2%
|
1.49% | -- | -- |
|
MIAMI-DADE CNTY FLA SCH DIST 4%
|
1.38% | -- | -- |
Basic Info
| Investment Strategy | |
| The investment seeks to provide dividend income exempt from federal regular income tax consistent with stability of principal. 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. |
| General | |
| Security Type | Money Market Fund |
| Oldest Share Symbol | TBIXX |
| Equity Style | -- |
| Fixed Income Style | -- |
| Broad Asset Class | Money Market |
| Broad Category | Money Market |
| Category Name | Money Market-Tax-Free |
| Category Index | ICE BofA USD 3M Dep OR CM TR USD |
| Global Category Name | US Money Market |
| YCharts Categorization | Money Market |
| YCharts Benchmark | Bloomberg US Treasury Bills 1-3 Month (^BBUTB13MTR) |
| Prospectus Objective | Money Mkt - Federal Tax Exempt |
| Fund Owner Firm Name | Federated |
| Prospectus Benchmark Index | |
| N/A | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBUTB13MTR | 100.0% |
| Manager Tenure | |
| Management Team | 16.43 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (3-17-23) | 1.42% |
| 30-Day SEC Yield (1-31-13) | Upgrade |
| 7-Day SEC Yield (3-16-23) | Upgrade |
| Number of Holdings | Upgrade |
| Bond | |
| Current Yield | -- |
| Yield to Maturity | -- |
| Effective Duration | -- |
| Average Coupon | -- |
| Average Credit Score | -- |
| Average Price | -- |
As of December 31, 2022
Fund Details
| Key Dates | |
| Inception Date | 12/12/1989 |
| Last Annual Report Date | 5/31/2022 |
| Last Prospectus Date | 7/31/2022 |
| Share Classes | |
| TBSXX | Other |
| TBVXX | Adv |
| Attributes | |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |