NYCXX Fees and Costs — Federated Hermes New York Municipal Cash Trust, Cash II Shares
Data updated: 2026-02-25
The net expense ratio is 0.77%: a 0.25% management fee, a 0.25% 12b-1 fee plus 0.43% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees.
NYCXX Fees and Expenses
Annual operating expenses and sales charges of NYCXX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.43% |
| Gross expense ratio | 0.93% |
| Fee waiver | −0.16% |
| Net expense ratio | 0.77% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| 7-day yield | 2.93% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
NYCXX Costs Over Time
On $10,000 invested in NYCXX, assuming 5% a year before costs, total costs come to $484 over 5 years, cutting the return by 0.81% 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 0.77%) | $81 | $253 | $440 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $81 | $265 | $484 |
| Value after costs | $10,419 | $11,311 | $12,279 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
NYCXX 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): $1.3B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
NYCXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $373.5M | 30.88% |
| BNY Capital Markets, LLC | $208.0M | 17.20% |
| Barclays Capital Inc. | $127.6M | 10.55% |
| State Street Bank and Trust Company | $95.3M | 7.88% |
| BofA Securities, Inc. | $78.4M | 6.48% |
| Goldman Sachs & Co. LLC | $76.9M | 6.36% |
| Jefferies LLC | $67.7M | 5.60% |
| Morgan Stanley & Co. LLC | $67.1M | 5.55% |
| Piper Sandler & Co. | $65.1M | 5.39% |
| U.S. Bancorp Investments, Inc. | $49.8M | 4.12% |
Federated Hermes New York 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 |
|---|---|---|---|
| NISXX | Wealth Shares | 0.32% | none |
| FNTXX | Service Shares | 0.54% | none |
| NYCXX | Cash II Shares | 0.77% | none |
| FNCXX | 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.