- Business
- Federated Hermes Government Obligations Fund (GOIXX), a portfolio of Federated Hermes Money Market Obligations Trust, operates as a government money market fund that seeks current income consistent with stability of principal by investing primarily in U.S. Treasury and government securities maturing in 397 days or less, repurchase agreements fully collateralized by such securities, and cash. The fund offers multiple share classes, including Institutional (GOIXX), Select (GRTXX), Cash II (GFYXX), Premier (GOFXX), Cash Series (GFSXX), Advisor (GOVXX), Service (GOSXX), Capital (GOCXX), SDG (GPHXX), Administrative (GOEXX), and Trust (GORXX), each tailored to different investor types such as institutions, advisors, and service providers with varying minimum investments and expense ratios. It complies with Rule 2a-7 under the Investment Company Act of 1940, maintaining at least 99.5% of assets in cash, U.S. government securities or fully collateralized repurchase agreements, and at least 80% of net assets in government securities or related repurchase agreements; investments qualify as permissible for federally chartered credit unions and include securities from entities like the Federal Home Loan Mortgage Corporation, Federal National Mortgage Association, Federal Home Loan Bank System, and Government National Mortgage Association.
The fund targets institutional and retail investors, including corporations, financial intermediaries, retirement plans, and credit unions, seeking liquidity, principal preservation, and short-term yields in the taxable money market sector. Federated Hermes Money Market Obligations Trust, established under Massachusetts law on October 3, 1988, with the GOIXX Institutional share class launched on March 30, 1990, is managed by Federated Investment Management Company, a subsidiary of Federated Hermes, Inc., headquartered at 4000 Ericsson Drive, Warrendale, Pennsylvania 15086-7561.
Recent developments include the trust's name change from Money Market Obligations Trust to Federated Hermes Money Market Obligations Trust effective June 26, 2020, aligning with the parent company's rebranding. On July 1, 2025, the Board of Trustees approved activation of an additional 0.01% service fee for certain share classes and updates to financial intermediary payment structures. The fund maintains top credit ratings (AAAm from S&P, Aaa-mf from Moody's, AAAmmf from Fitch) and voluntary fee waivers by the adviser through at least October 1, 2026, capping Institutional share expenses at 0.20%, amid ongoing portfolio management adaptations to U.S. Treasury programs enhancing bill market liquidity.