TBSXX — Federated Hermes Tax-Free Obligations Fund

Data updated: 2026-08-11

TBSXX — Federated Hermes Tax-Free Obligations Fund. Money Market · 0.46% expense ratio. Holdings, fees, performance and SEC filings.

TBSXX Fund Overview

TBSXX — Federated Hermes Tax-Free Obligations Fund is a US mutual fund managed by Federated Hermes Money Market Obligations Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

TBSXX Investment Objective and Strategy

Federated Hermes Tax-Free Obligations Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Federated Hermes Money Market Obligations Trust.

Investment objective

The Fund is a money market fund that seeks to maintain a stable net asset value (NAV) of $1.00 per Share. The Fund's investment objective is to provide dividend income exempt from federal regular income tax consistent with stability of principal.

Principal investment strategy

"The Fund invests primarily in a portfolio of high-quality, tax-exempt securities maturing in 397 days or less. The Fund will invest its assets so that distributions of annual interest income are exempt from federal regular income tax. The Fund's investment adviser (""Adviser"") also will invest the Fund's assets entirely in securities whose interest is not subject to (or not a specific preference item for purposes of) the federal alternative minimum tax for individuals (AMT), such that distributions of annual interest income also are exempt from the AMT. Tax-exempt securities are fixed-income securities that, in the opinion of bond counsel to the issuer or on the basis of another authority believed by the Fund's investment adviser to be reliable, pay interest that is not subject to federal regular income taxes.

The types of securities in which the Fund may principally invest include: (a) tax-exempt securities such as the following types, some of which may be subject to credit enhancement: variable rate demand instruments, municipal notes, general obligation bonds, special revenue bonds, private activity bonds and tax-exempt commercial paper; and (b) interests in securities of other investment companies. In response to unusual circumstances, such as adverse market, economic or other conditions (for example, to help avoid potential losses, or during periods when there is a shortage of appropriate tax-exempt securities), to maintain liquidity to meet shareholder redemptions, or to accommodate cash inflows, the Adviser may leave a portion of the Fund's assets uninvested, or may invest in securities subject to state and/or federal income tax.

In pursuing its investment objective and implementing its investment strategies, the Fund will comply with Rule 2a-7 under the Investment Company Act of 1940 (""Rule 2a-7""). The Board has adopted two fundamental investment policies relating to the tax-exempt nature of the Fund's income distribution. First, the Board adopted a fundamental investment policy that the Fund will invest its assets so that at least 80% of the Fund's annual interest income will be exempt from federal regular income tax. Under that policy, federal regular income tax does not include the AMT. Upon the adoption of Rule 35(d)(1) under the 1940 Act, because the Fund refers to tax-free investments in its name, the Board adopted a second policy, that the Fund also will invest its assets so that at least 80% of the income it distributes will be exempt from federal income tax.

Under this second policy, federal income tax includes both federal regular income tax and the AMT. These policies may not be changed without shareholder approval. Consistent with, and in addition to, its fundamental investment policies, the Adviser also will invest the Fund's assets entirely in securities whose interest is not subject to (or not a specific preference item for purposes of) the AMT, such that distributions of annual interest income also are exempt from the AMT."

TBSXX Costs and Fees

TBSXX costs about $46 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.46%
  • Gross expense ratio: 0.54%

TBSXX Debt Constituents

No individual debt constituents are reported in Federated Hermes Tax-Free Obligations Fund's latest SEC N-PORT filing.

TBSXX Prospectus and SEC Filings

Official Federated Hermes Tax-Free Obligations Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Money Market funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.