CALXX Fees and Costs — Federated Hermes California Municipal Cash Trust, Cash II Shares
Data updated: 2026-02-25
The net expense ratio is 0.68%: a 0.25% management fee, a 0.20% 12b-1 fee plus 0.38% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees.
CALXX Fees and Expenses
Annual operating expenses and sales charges of CALXX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.38% |
| Gross expense ratio | 0.83% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.68% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| 7-day yield | 2.79% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
CALXX Costs Over Time
On $10,000 invested in CALXX, assuming 5% a year before costs, total costs come to $428 over 5 years, cutting the return by 0.71% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.68%) | $71 | $224 | $389 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $235 | $428 |
| Value after costs | $10,429 | $11,342 | $12,335 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
CALXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $7.2B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
CALXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2.4B | 35.49% |
| Wells Fargo Securities, LLC | $1.0B | 14.56% |
| Goldman Sachs & Co. LLC | $811.0M | 11.79% |
| BofA Securities, Inc. | $577.1M | 8.39% |
| RBC Capital Markets, LLC | $576.5M | 8.38% |
| Morgan Stanley & Co. LLC | $463.1M | 6.73% |
| BNY Capital Markets, LLC | $340.0M | 4.94% |
| State Street Bank and Trust Company | $334.2M | 4.86% |
| U.S. Bancorp Investments, Inc. | $204.4M | 2.97% |
| Barclays Capital Inc. | $130.7M | 1.90% |
Federated Hermes California Municipal Cash Trust Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CAIXX | Wealth Shares | 0.28% | none |
| CCCXX | Capital Shares | 0.38% | none |
| CACXX | Service Shares | 0.53% | none |
| CALXX | Cash II Shares | 0.68% | none |
| CCSXX | Cash Series Shares | 1.03% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.