POPXX Fees and Costs — Federated Hermes Institutional Prime Obligations Fund, Capital Shares
Data updated: 2026-10-09
The net expense ratio is 0.25%: a 0.20% management fee plus 0.34% other expenses, less a 0.29% fee waiver. There are no sales loads or redemption fees.
POPXX Fees and Expenses
Annual operating expenses and sales charges of POPXX. Prospectus, as of September 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 0.54% |
| Fee waiver | −0.29% |
| Net expense ratio | 0.25% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| 7-day yield | 4.22% |
POPXX Costs Over Time
On $10,000 invested in POPXX, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% 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 0.25%) | $26 | $83 | $144 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,490 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
POPXX 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): $1.60T
- Portfolio turnover (prospectus): —
POPXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TP ICAP Markets Limited | $298.2B | 22.07% |
| SMBC Nikko Securities America, Inc. | $278.7B | 20.63% |
| MUFG Securities Americas Inc. | $183.4B | 13.57% |
| Mizuho Securities USA LLC | $106.6B | 7.89% |
| Federal Reserve Bank of New York | $99.0B | 7.33% |
| BNP Paribas Securities Corp. | $98.1B | 7.26% |
| SG Americas Securities, LLC | $94.7B | 7.01% |
| J. M. Lummis & Company, Inc. | $91.2B | 6.75% |
| Tradition Securities and Futures | $56.4B | 4.17% |
| BofA Securities, Inc. | $44.8B | 3.32% |
Federated Hermes Institutional Prime 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 |
|---|---|---|---|
| POIXX | Institutional Shares | 0.20% | none |
| POPXX | Capital Shares | 0.25% | none |
| PRSXX | Service Shares | 0.45% | 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.