TOPXX Fees and Costs — Federated Hermes Treasury Obligations Fund, Premier Shares
Data updated: 2026-10-09
The net expense ratio is 0.15%: a 0.15% management fee plus 0.08% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees.
TOPXX Fees and Expenses
Annual operating expenses and sales charges of TOPXX. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.23% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.15% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| 7-day yield | 4.36% |
TOPXX Costs Over Time
On $10,000 invested in TOPXX, 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% |
TOPXX 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): $5.03T
- Portfolio turnover (prospectus): —
TOPXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $1.27T | 19.49% |
| J.P. Morgan Securities LLC | $1.21T | 18.58% |
| Federal Reserve Bank of New York | $928.5B | 14.21% |
| BNP Paribas Securities Corp. | $784.8B | 12.01% |
| ING Financial Markets LLC | $649.8B | 9.94% |
| BNY Capital Markets, LLC | $482.3B | 7.38% |
| State Street Bank and Trust Company | $474.0B | 7.25% |
| BofA Securities, Inc. | $278.4B | 4.26% |
| Barclays Capital Inc. | $230.4B | 3.53% |
| Credit Agricole Securities (USA) Inc. | $219.1B | 3.35% |
Federated Hermes Treasury 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 |
|---|---|---|---|
| TOPXX | Premier Shares | 0.15% | none |
| TOVXX | Advisor Shares | 0.15% | none |
| TOLXX | Select Shares | 0.18% | none |
| TOIXX | Institutional Shares | 0.20% | none |
| TOCXX | Capital Shares | 0.30% | none |
| TODXX | Administrative Shares | 0.45% | none |
| TOSXX | Service Shares | 0.45% | none |
| TOAXX | Automated Shares | 0.50% | none |
| TOMXX | Cash Management Shares | 0.70% | none |
| TOTXX | Trust Shares | 0.70% | 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.