Federated Hermes Capital Reserves Fund

FRFXX

PrimeRetail
7-day Yield
#536
3.32%
as of 9/30/2025
Net assets
$2.7B
Expense ratio
1.02%
WAM
44
WAL
60
Minimum
$500
Holding details
24% Agency Repos
9% Variable Rate Demand Notes
4% Tender Option Bonds
15% CDs
11% Financial CP
12% Asset-Backed CP
9% Non-Financial CP
3% Other Instruments
0% Asset-Backed Securities
as of 9/30/2025

Performance

Portfolio Securities

SecurityYield%
Barclays Bank plc, REPO, 4.210%, 10/1/20254.27%13.08%
BNP Paribas SA, REPO, 4.210%, 10/1/20254.27%5.47%
Citigroup Global Markets, Inc., REPO, 4.210%, 10/1/20254.27%5.47%
Royal Bank of Canada, Three World Financial Center Branch, 4.460%, 10/8/20254.46%3.65%
Truist Bank, 4.460%, 11/10/20254.46%2.01%
Bank of Montreal, 4.410%, 6/9/20264.41%1.83%
Toronto Dominion Bank, 4.480%, 10/8/20254.48%1.46%
Toronto Dominion Bank, 4.400%, 7/17/20264.05%1.46%
Bank of Nova Scotia, 4.410%, 2/20/20264.25%1.10%
Canadian Imperial Bank of Commerce, 4.470%, 7/13/20264.47%1.10%
Bank of Nova Scotia, 4.440%, 10/10/20254.44%0.91%
Bank of Nova Scotia, 4.620%, 11/25/20254.62%0.73%
Bank of Montreal, 4.570%, 6/8/20264.53%0.73%
Thunder Bay Funding, LLC, 4.410%, 12/19/20254.41%3.65%
Old Line Funding, LLC, 4.020%, 10/2/20254.20%2.19%
Podium Funding Trust, 4.305%, 10/15/20254.22%1.82%
Collateralized Commercial Paper V Co. LLC, 4.430%, 3/10/20264.41%0.91%
Starbird Funding Corp., 4.180%, 2/12/20264.15%0.90%
Old Line Funding, LLC, 3.840%, 9/21/20263.98%0.88%
Old Line Funding, LLC, 3.840%, 7/16/20264.00%0.67%
Thunder Bay Funding, LLC, 4.150%, 2/11/20264.13%0.54%
American Honda Finance Corp., 4.510%, 11/19/20254.41%2.36%
National Bank of Canada, 4.305%, 2/5/20264.31%2.34%
National Bank of Canada, 4.305%, 1/20/20264.31%1.44%
American Honda Finance Corp., 4.340%, 12/8/20254.41%1.09%
BofA Securities, Inc., 4.160%, 2/18/20264.16%0.72%
Bank of Nova Scotia, 4.090%, 3/2/20264.14%0.72%
Westpac Banking Corp. Ltd., 3.985%, 8/6/20264.00%0.71%
Westpac Banking Corp. Ltd., 3.820%, 9/22/20263.96%0.53%
ING (U.S.) Funding LLC, 3.950%, 4/1/20264.05%0.36%
American Honda Finance Corp., 4.660%, 10/7/20254.33%0.18%
American Honda Finance Corp., 4.550%, 11/7/20254.40%0.18%
BP Capital Markets PLC, 4.160%, 10/7/20254.23%4.41%
Duke Energy Corp., 4.210%, 10/1/20254.02%2.34%
NextEra Energy Capital Holdings, Inc., 4.550%, 10/23/20254.38%1.67%
Caisse d'Amortissement de la Dette Sociale (CADES), 4.005%, 3/10/20264.09%0.90%
Nuveen Preferred Securities Income Fund, Nuveen Preferred Income Opportunities Fund, Variable Rate Demand Note (Series A), 4.250%, 7/1/20324.25%1.82%
Nuveen Preferred Income Opportunities Fund, Taxable Preferred Shares (Series A), 4.220%, 8/1/20374.30%1.37%
Opler 2013 Irrevocable Trust, Series 2024, 4.350%, 2/1/20444.41%1.08%
Rockcrest, LLC, 4.350%, 9/1/20424.35%1.01%
EG Irrevocable Life Insurance Trust, 4.350%, 4/1/20424.35%0.64%
Mason Harrison Ratliff Enterprises, LLC, 4.350%, 9/1/20434.35%0.63%
Nuveen Credit Strategies Income Fund, Taxable Preferred Shares (Series A), 4.250%, 7/1/20324.33%0.55%
Bragg 2019 Family Trust No. 1, 4.350%, 3/1/20444.35%0.55%
Texas State, Veterans Bonds (Taxable Series 2023A), 4.380%, 12/1/20544.38%0.52%
Yavapai County, AZ IDA - Recovery Zone Facility (Drake Cement LLC) , Taxble (Series 2015), 4.150%, 9/1/20354.15%0.47%
Connecticut Water Co., Series 2004, 4.345%, 1/4/20294.34%0.41%
Roberts Insurance Trusts, LLC, 4.200%, 5/1/20484.20%0.22%
Acme Manufacturing Company, Inc., Colorado Health Facilities Authority, Series 2016B, 4.720%, 5/1/20414.72%0.03%
Taxable Muni Funding Trust 2024-010, (Series 2034-010), 4.450%, 6/30/20284.45%1.09%
Taxable Muni Funding Trust 2020-011, (Series 2020-011), 4.450%, 9/1/20304.45%0.84%
Taxable Muni Funding Trust 2021-008, Barclays Taxable Trust (Series 2021-008), 4.450%, 9/1/20314.45%0.50%
Taxable Muni Funding Trust 2019-007, Taxable Municipal Funding Trust (Series 2019-007), 4.450%, 5/1/20294.45%0.46%
Taxable Muni Funding Trust 2021-010, (Series 2021-010), 4.450%, 12/15/20254.45%0.34%
Taxable Tender Option Bond Trust 2021-MIZ9064TX, (Series 2021-MIZ9064TX), 4.560%, 11/1/20564.56%0.24%
Taxable Tender Option Bond Trust 2022-MIZ9084TX, (Series 2022-MIZ9084TX), 4.560%, 2/1/20274.56%0.19%
Taxable Tender Option Bond Trust 2022-MIZ9094TX, (Series 2022-MIZ9094TX), 4.560%, 12/1/20594.56%0.10%
Taxable Muni Funding Trust 2021-002, Barclays Taxable Muni Funding Trust (Series 2021-002), 4.450%, 5/15/20564.45%0.07%
Bank of America N.A., 4.170%, 8/4/20264.17%1.46%
Bank of America N.A., 4.390%, 7/6/20264.39%0.91%
Toyota Motor Credit Corp., 4.490%, 8/18/20264.47%0.80%
Westlake Automobile Receivables Trust 2025-2, Class A1, 4.642%, 7/15/20264.60%0.32%
Enterprise Fleet Financing LLC 2025-3, Class A1, 4.551%, 7/20/20264.55%0.06%
ARI Fleet Lease Trust 2025-A, Class A1, 4.511%, 2/17/20264.51%0.03%
Great America Leasing Receivables 2025-1, Class A1, 4.462%, 3/16/20264.46%0.02%
HSBC Securities (USA), Inc., 4.190%, 10/1/20254.25%4.93%
BNP Paribas SA, 4.170%, 10/1/20254.23%3.69%
Citigroup Global Markets, Inc., 4.530%, 11/3/20254.59%0.91%
Wells Fargo Securities LLC, 4.680%, 12/24/20254.75%0.91%
BofA Securities, Inc., 4.710%, 12/29/20254.78%0.91%
Wells Fargo Securities LLC, 4.680%, 12/29/20254.75%0.91%
Citigroup Global Markets, Inc., 4.490%, 11/3/20254.55%0.36%
Mizuho Securities USA LLC, 4.490%, 11/3/20254.55%0.36%