MODXX Fees and Costs — Federated Hermes Municipal Obligations Fund, Cash II Shares
Data updated: 2026-08-11
The net expense ratio is 0.91%: a 0.20% management fee, a 0.35% 12b-1 fee plus 0.44% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees.
MODXX Fees and Expenses
Annual operating expenses and sales charges of MODXX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.35% |
| Other expenses | 0.44% |
| Gross expense ratio | 0.99% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.91% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| 7-day yield | 3.16% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MODXX Costs Over Time
On $10,000 invested in MODXX, assuming 5% a year before costs, total costs come to $570 over 5 years, cutting the return by 0.96% 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 0.91%) | $96 | $298 | $518 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $96 | $313 | $570 |
| Value after costs | $10,404 | $11,263 | $12,193 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
MODXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $23.5B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
MODXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $6.4B | 31.76% |
| Wells Fargo Securities, LLC | $3.7B | 18.26% |
| Barclays Capital Inc. | $2.4B | 11.97% |
| BofA Securities, Inc. | $2.0B | 10.23% |
| Goldman Sachs & Co. LLC | $1.3B | 6.61% |
| TD Financial Products LLC | $1.3B | 6.61% |
| Morgan Stanley & Co. LLC | $1.1B | 5.31% |
| U.S. Bancorp Investments, Inc. | $655.2M | 3.27% |
| Piper Sandler & Co. | $608.5M | 3.04% |
| BNY Mellon Capital Markets, LLC | $586.5M | 2.93% |
Federated Hermes Municipal Obligations Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MOFXX | Wealth Shares | 0.21% | none |
| MFCXX | Capital Shares | 0.31% | none |
| MOSXX | Service Shares | 0.46% | none |
| MOTXX | Automated Shares | 0.50% | none |
| MOIXX | Investment Shares | 0.78% | none |
| MODXX | Cash II Shares | 0.91% | none |
| MFSXX | Cash Series Shares | 1.02% | 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.