FTFXX Fees and Costs — Federated Hermes Institutional Tax-Free Cash Trust, Premier Shares
Data updated: 2026-02-25
The net expense ratio is 0.15%: a 0.20% management fee plus 0.10% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees.
FTFXX Fees and Expenses
Annual operating expenses and sales charges of FTFXX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.30% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.15% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| 7-day yield | 2.98% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FTFXX Costs Over Time
On $10,000 invested in FTFXX, assuming 5% a year before costs, total costs come to $95 over 5 years, cutting the return by 0.16% 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 0.15%) | $16 | $50 | $87 |
| Lost growth on money paid in costs | $0 | $2 | $9 |
| Total costs | $16 | $52 | $95 |
| Value after costs | $10,484 | $11,524 | $12,667 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
FTFXX 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): $26.8B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
FTFXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $15.7B | 62.28% |
| Wells Fargo Securities, LLC | $1.8B | 7.11% |
| BNY Capital Markets, LLC | $1.6B | 6.27% |
| BofA Securities, Inc. | $1.5B | 6.13% |
| Barclays Capital Inc. | $1.4B | 5.64% |
| Goldman Sachs & Co. LLC | $1.0B | 4.14% |
| U.S. Bancorp Investments, Inc. | $929.4M | 3.69% |
| State Street Bank and Trust Company | $514.6M | 2.05% |
| Truist Securities, Inc. | $373.5M | 1.48% |
| TD Securities (USA) LLC | $301.5M | 1.20% |
Federated Hermes Institutional Tax-Free 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 |
|---|---|---|---|
| FTFXX | Premier Shares | 0.15% | none |
| FFTXX | Institutional Shares | 0.20% | 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.