Money Market Obligations Trust - Federated Prime Cash Obligations Fund
PCOXX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 4000 Ericsson Drive Warrendale PA 15086-7561
- IPO Date
- Jun 1, 2023
- CIK
- 0000856517
- Website
- federatedhermes.com
- Similar Companies
- Business
- Money Market Obligations Trust - Federated Prime Cash Obligations Fund (PCOXX) is a prime money market mutual fund that seeks current income consistent with stability of principal and liquidity by investing primarily in a portfolio of high-quality, short-term, dollar-denominated fixed-income securities issued by banks, corporations, and the U.S. government with maturities of 397 days or less; these include repurchase agreements, commercial paper, certificates of deposit, corporate notes, and other eligible money market instruments that meet applicable SEC Rule 2a-7 requirements for maturity, liquidity, credit quality, and diversification. The Fund offers Wealth Shares (ticker: PCOXX) with a minimum initial investment of $500,000, targeting institutional investors such as corporations, financial intermediaries, and high-net-worth individuals seeking low-risk cash management solutions. Operated within the Money Market Obligations Trust, now known as Federated Hermes Money Market Obligations Trust following a name change effective June 26, 2020, the Fund maintains a stable $1.00 net asset value (NAV) and complies with retail money market fund regulations implemented in 2016, including provisions for discretionary liquidity fees up to 2% on redemptions during periods of market stress. The Fund, with inception on February 8, 1993, and managed by a team at Federated Hermes, Inc., headquartered at 4000 Ericsson Drive, Warrendale, Pennsylvania, had total assets of approximately $103.1 billion as of December 2025, with top holdings dominated by repurchase agreements from institutions like BNP Paribas, The Bank of New York Mellon, J.P. Morgan, and Sumitomo Mitsui Banking Corporation. Recent portfolio adjustments reflect ongoing adaptation to elevated interest rate environments, with a trailing twelve-month yield of 4.27% and annualized returns including 4.48% over one year and 4.90% over three years, supported by the adviser's voluntary fee waivers to enhance investor returns amid stable market conditions. Geographically focused on U.S. dollar-denominated securities with global bank issuers, the Fund operates nationwide through broker-dealers and platforms like Wells Fargo and Stifel, maintaining high credit ratings such as AAAm from S&P Global Ratings due to its conservative management and liquidity profile.