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Trending ETFs

Federated Hermes Government Obligations Tax-Managed Fund

mutual fund
GTSXX
Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Taxable Money Market
share class
Instl (GOTXX) S (GTSXX) Other (GOAXX)
GTSXX (Mutual Fund)

Federated Hermes Government Obligations Tax-Managed Fund

Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Taxable Money Market
share class
Instl (GOTXX) S (GTSXX) Other (GOAXX)
GTSXX (Mutual Fund)

Federated Hermes Government Obligations Tax-Managed Fund

Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Taxable Money Market
share class
Instl (GOTXX) S (GTSXX) Other (GOAXX)

Name

As of 12/13/2024

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

Federated Hermes Government Obligations Tax-Managed Fund

GTSXX | Fund

$1.00

$115 M

4.25%

$0.04

0.50%

Vitals

YTD Return

4.9%

1 yr return

4.9%

3 Yr Avg Return

3.5%

5 Yr Avg Return

2.1%

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 0.50%

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 12/13/2024

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

Federated Hermes Government Obligations Tax-Managed Fund

GTSXX | Fund

$1.00

$115 M

4.25%

$0.04

0.50%

GTSXX - Profile

Distributions

  • YTD Total Return 4.9%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.02%
DIVIDENDS
  • Dividend Yield 4.3%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Federated Hermes Government Obligations Tax-Managed Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Sep 01, 2010
  • Shares Outstanding
    N/A
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Management 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. Governmentmoney market funds are not required to adopt a liquidity fee framework.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.
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GTSXX - Performance

Return Ranking - Trailing

Period GTSXX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% 0.5% 10.4% 56.44%
1 Yr 4.9% 0.5% 10.4% 59.90%
3 Yr 3.5%* 0.7% 5.4% 61.80%
5 Yr 2.1%* 0.5% 3.3% 58.40%
10 Yr 1.6%* 0.4% 32.5% 23.00%

* Annualized

Return Ranking - Calendar

Period GTSXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% -0.1% 5.0% 59.39%
2022 0.0% 0.0% 1.2% 60.78%
2021 0.0% 0.0% 0.0% 60.99%
2020 0.0% 0.0% 0.4% 62.05%
2019 0.0% 0.0% 2.0% 62.26%

Total Return Ranking - Trailing

Period GTSXX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% 0.5% 10.4% 56.44%
1 Yr 4.9% 0.5% 10.4% 59.90%
3 Yr 3.5%* 0.7% 5.4% 61.80%
5 Yr 2.1%* 0.5% 3.3% 58.40%
10 Yr 1.6%* 0.4% 32.5% 23.00%

* Annualized

Total Return Ranking - Calendar

Period GTSXX Return Category Return Low Category Return High Rank in Category (%)
2023 4.6% 0.8% 5.9% 83.25%
2022 0.9% 0.0% 1.7% 85.71%
2021 0.0% 0.0% 1.9% 34.62%
2020 0.4% 0.0% 3.0% 52.71%
2019 3.4% 0.0% 3797.9% 6.29%

NAV & Total Return History

GTSXX - Holdings

Concentration Analysis

GTSXX Category Low Category High GTSXX % Rank
Net Assets 115 M 818 K 211 B 76.73%
Number of Holdings 92 1 346 28.29%
Net Assets in Top 10 3.7 B 147 K 163 B 59.06%
Weighting of Top 10 51.71% 22.7% 100.0% 77.04%

Top 10 Holdings

  1. United States Treasury Bills 0% 9.64%
  2. United States Treasury Bills 0% 9.35%
  3. United States Treasury Bills 0% 8.58%
  4. United States Treasury Bills 0% 8.34%
  5. Federal Home Loan Banks 0.04% 8.13%
  6. United States Treasury Bills 0% 7.12%
  7. United States Treasury Bills 0% 7.04%
  8. Federal Home Loan Banks 0.27% 6.98%
  9. United States Treasury Bills 0% 6.28%
  10. United States Treasury Bills 0% 6.26%

Asset Allocation

Weighting Return Low Return High GTSXX % Rank
Cash 		78.98% 25.56% 100.00% 32.92%
Bonds 		21.02% 0.00% 74.44% 64.85%
Stocks 		0.00% 0.00% 0.00% 60.89%
Preferred Stocks 		0.00% 0.00% 0.00% 60.89%
Other 		0.00% -1.67% 0.04% 60.89%
Convertible Bonds 		0.00% 0.00% 21.22% 64.85%

Bond Sector Breakdown

Weighting Return Low Return High GTSXX % Rank
Cash & Equivalents 		78.98% 0.00% 100.00% 30.69%
Government 		21.02% 0.00% 44.01% 63.86%
Derivative 		0.00% 0.00% 0.00% 60.89%
Securitized 		0.00% 0.00% 1.75% 61.63%
Corporate 		0.00% 0.00% 100.00% 68.81%
Municipal 		0.00% 0.00% 22.71% 63.61%

Bond Geographic Breakdown

Weighting Return Low Return High GTSXX % Rank
US 		21.02% 0.00% 72.86% 64.60%
Non US 		0.00% 0.00% 3.41% 62.13%

GTSXX - Expenses

Operational Fees

GTSXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.07% 2.23% 32.67%
Management Fee 0.15% 0.03% 0.50% 44.55%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.55% 56.94%

Sales Fees

GTSXX 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% 4.00% N/A

Trading Fees

GTSXX 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.

GTSXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 485.00% N/A

GTSXX - Distributions

Dividend Yield Analysis

GTSXX Category Low Category High GTSXX % Rank
Dividend Yield 4.25% 0.00% 5.42% 61.39%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

GTSXX Category Low Category High GTSXX % Rank
Net Income Ratio 0.02% -1.09% 1.67% 24.05%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GTSXX - Fund Manager Analysis

Managers

Management Team

Start Date

Tenure

Tenure Rank

Sep 30, 2004

17.68

17.7%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 46.68 15.23 19.01

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