FRFXX Fees and Costs — Federated Hermes Capital Reserves Fund
Data updated: 2026-10-09
The net expense ratio is 1.02%: a 0.15% management fee, a 0.55% 12b-1 fee plus 0.47% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees.
FRFXX Fees and Expenses
Annual operating expenses and sales charges of FRFXX. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.55% |
| Other expenses | 0.47% |
| Gross expense ratio | 1.17% |
| Fee waiver | −0.15% |
| Net expense ratio | 1.02% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| 7-day yield | 3.65% |
FRFXX Costs Over Time
On $10,000 invested in FRFXX, assuming 5% a year before costs, total costs come to $638 over 5 years, cutting the return by 1.07% 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 1.02%) | $107 | $334 | $579 |
| Lost growth on money paid in costs | $0 | $17 | $58 |
| Total costs | $107 | $351 | $638 |
| Value after costs | $10,393 | $11,226 | $12,125 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
FRFXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $234.8B
- Portfolio turnover (prospectus): —
FRFXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $40.1B | 18.72% |
| BNP Paribas Securities Corp. | $39.1B | 18.23% |
| Citigroup Global Markets Inc. | $34.1B | 15.89% |
| BofA Securities, Inc. | $25.9B | 12.07% |
| Mizuho Securities USA LLC | $20.1B | 9.39% |
| Natixis Securities Americas LLC | $15.4B | 7.17% |
| HSBC Securities (USA) Inc. | $15.1B | 7.05% |
| Wells Fargo Securities, LLC | $9.3B | 4.34% |
| BMO Capital Markets Corp. | $8.6B | 4.00% |
| Barclays Capital Inc | $6.7B | 3.13% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.