UTIXX Fees and Costs — Federated Hermes U.S. Treasury Cash Reserves, Institutional Shares
Data updated: 2026-07-09
The net expense ratio is 0.20%: a 0.15% management fee plus 0.14% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees.
UTIXX Fees and Expenses
Annual operating expenses and sales charges of UTIXX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.29% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.20% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| 7-day yield | 3.35% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
UTIXX Costs Over Time
On $10,000 invested in UTIXX, assuming 5% a year before costs, total costs come to $127 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $69 | $127 |
| Value after costs | $10,479 | $11,507 | $12,636 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
UTIXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $389.0B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
UTIXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $79.9B | 21.27% |
| Jefferies LLC | $71.0B | 18.91% |
| Nomura Securities International, Inc. | $69.8B | 18.60% |
| Barclays Capital Inc. | $34.5B | 9.18% |
| Academy Securities, Inc. | $33.2B | 8.85% |
| BofA Securities, Inc. | $27.2B | 7.25% |
| ASL Capital Markets Inc. | $22.3B | 5.95% |
| Mizuho Securities USA LLC | $16.1B | 4.29% |
| Daiwa Capital Markets America Inc. | $15.2B | 4.06% |
| BMO Capital Markets Corp. | $6.1B | 1.64% |
Federated Hermes U.S. Treasury Cash Reserves Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| UTPXX | Premier Shares | 0.15% | none |
| UTVXX | Advisor Shares | 0.15% | none |
| UTEXX | Select Shares | 0.18% | none |
| UTIXX | Institutional Shares | 0.20% | none |
| TISXX | Service Shares | 0.45% | none |
| UTDXX | Administrative Shares | 0.45% | none |
| UTRXX | Cash Reserve Shares | — | — |
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.