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Correspondence 0001623632-23-000705 from Federated Hermes Money Market Obligations Trust (CIK 0000856517)

Federated Hermes Money Market Obligations Trust (CIK 0000856517)
Date: June 2, 2023 · CIK: 0000856517 · Accession: 0001623632-23-000705

AI Filing Summary & Sentiment

File numbers found in text: 811-05950

Date
June 2, 2023
Author
any changes in response to this comment.
Form
CORRESP
Company
Federated Hermes Money Market Obligations Trust (CIK 0000856517)

Letter

Division of Investment Management Service Shares (each a “Fund” and collectively, the “Funds”) 1933 Act File No. 033-31602 1940 Act File No. 811-05950

Dear Mr. Cowan:

The Registrant is filing this correspondence to respond to comments that the Staff of the Securities and Exchange Commission (“Staff”) provided regarding the Registrant’s filings as detailed below:

TOF and USTCR Filed on February 24, 2023

Post-Effective Amendment No. 248 under the Securities Act of 1933, as amended

Amendment No. 250 under the Investment Company Act of 1940, as amended

Staff Comments received April 18, 2023

TTO Filed on March 21, 2023

Post-Effective Amendment No 249 under the Securities Act of 1933, as amended

Amendment No. 251 under the Investment Company Act of 1940, as amended

Staff Comments received on April 20, 2023

Unless noted otherwise, comments and responses apply to all Funds.

COMMENT 1. General Comments

1. The Registrant is responsible for the accuracy and adequacy of its disclosure notwithstanding review by the Staff.

2. The Registrant must file its responses on EDGAR no later than 5 business days before the effective date of the Registration Statement. It is requested that the Registrant provide a courtesy notification to the Staff upon EDGAR acceptance of the correspondence.

3. Please make sure the response includes the marked disclosure changes that the Registrant intends to make by either including specific pages of the Registration Statement with the correspondence or by clearly indicating the revised disclosure in the correspondence.

4. Please note that where a comment is made in one section such comment should be addressed in all other sections where it applies in the Registration Statement.

RESPONSE:

The Registrant will respond as requested.

COMMENT 2. Please remember to update the series and class identifiers for the new share classes on EDGAR to reflect the ticker symbols once they are available. See Rule 313 of Regulation S-T.

RESPONSE:

The Registrant will respond as requested.

COMMENT 3. Prospectus - Risk/Return Summary: Fees and Expenses

We note Footnote 1 to each Fund’s fee tables regarding estimated expenses. As these Funds are not new funds (as defined by Form N-1A Item 3 Instruction 6), expenses for each new class should be based on actual Fund expenses. Please explain in correspondence the reason for including this footnote (e.g., there is an expense component that is unique to the new class).

RESPONSE:

The Registrant confirms that “Other Expenses” for the new classes of each Fund are estimated, based, in part, on the current fiscal year expense estimates for each Fund. These estimates are further adjusted for any additional estimated expenses in connection with the operation of the new share classes, which are primarily based on the Registrant’s projections regarding changes in asset levels related to the new share classes.

Therefore, since the “Other Expenses” listed in the fee tables are based on estimated amounts, the Registrant respectfully believes that the inclusion of the footnote as written is accurate, appropriate and in accordance with Form N-1A requirements.

COMMENT 4. Prospectus - Risk/Return Summary: Fees and Expenses

This applies to the Select Shares, Advisor Shares and Premier Shares of TOF and USTCR.

In Footnote 2 of the above-referenced fee tables of each Fund, this Footnote should not be included for classes that are not charging these fees currently.

RESPONSE:

The Registrant confirms that the shareholder services/account administration fee (SSF/AAF) for each Fund’s Select Shares, Advisor Shares and Premier Shares are partially or entirely “dormant” (the “Dormant Fee”). While the Dormant Fee has been approved by each Fund’s Board of Trustees (the “Board”), this Dormant Fee will not be incurred or charged above the noted percentage unless and until they are approved to be activated by the Board, including a majority of the Independent Trustees, and followed by appropriate notification to shareholders, including (as necessary) a supplement to the prospectus fee tables.

Respectfully, the Registrant believes that the
presentation of the Dormant Fee in the respective footnotes is consistent with Instruction 3(d)(i) to Item 3 of Form N-1A and is material
information for each Fund’s investors. The Funds do not, and cannot, include the Dormant Fee in the fee table itself.
However, in fairness to investors, the Registrant
believes that it is important to identify in a footnote that: (1) the Dormant Fee has been approved by the Board, (2) provides the maximum
allowable fee amount, as applicable and (3) discloses that a portion of or the entirety of the Dormant Fee is not currently being charged
and will not be incurred or charged until approved to be activated by the Board. Therefore, the Registrant respectfully declines to make
any changes in response to this comment.

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CORRESP
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FEDERATED HERMES MONEY MARKET OBLIGATIONS TRUST

4000 Ericsson Drive

Warrendale, Pennsylvania 15086-7561

June 2, 2023

Mark Cowan

U.S. Securities and Exchange Commission

Division of Investment Management

100 F Street, N.E.

Washington, DC 20549-4720

    RE:

    FEDERATED HERMES MONEY MARKET OBLIGATIONS TRUST (the “Registrant”)

    Federated Hermes Treasury Obligations Fund (“TOF”)

    Select Shares

    Advisor Shares

    Administrative Shares

    Cash Management Shares

    Premier Shares

    Federated Hermes U.S. Treasury Cash Reserves (“USTCR”)

    Select Shares

    Advisor Shares

    Administrative Shares

    Premier Shares

    Federated Hermes Trust for U.S. Treasury Obligations (“TTO”)

    Service Shares

    (each a “Fund” and collectively, the “Funds”)

    1933 Act File No. 033-31602

    1940 Act File No. 811-05950

Dear Mr. Cowan:

The Registrant is filing this correspondence to respond to comments
that the Staff of the Securities and Exchange Commission (“Staff”) provided regarding the Registrant’s filings as detailed
below:

TOF and USTCR Filed on February 24, 2023

Post-Effective Amendment No. 248 under the Securities Act of 1933, as amended

Amendment No. 250 under the Investment Company Act of 1940, as amended

Staff Comments received April 18, 2023

TTO Filed on March 21, 2023

Post-Effective Amendment No 249 under the Securities Act of 1933, as amended

Amendment No. 251 under the Investment Company Act of 1940, as amended

Staff Comments received on April 20, 2023

Unless noted otherwise, comments and responses apply to all Funds.

COMMENT 1. General Comments

 1. The Registrant is responsible for the accuracy and adequacy of its disclosure
notwithstanding review by the Staff.

 2. The Registrant must file its responses on EDGAR no later than 5 business
days before the effective date of the Registration Statement. It is requested that the Registrant provide a courtesy notification to the
Staff upon EDGAR acceptance of the correspondence.

 3. Please make sure the response includes the marked disclosure changes that
the Registrant intends to make by either including specific pages of the Registration Statement with the correspondence or by clearly
indicating the revised disclosure in the correspondence.

 4. Please note that where a comment is made in one section such comment should
be addressed in all other sections where it applies in the Registration Statement.

RESPONSE:

The Registrant will respond as requested.

COMMENT 2. Please remember to update the series and class identifiers
for the new share classes on EDGAR to reflect the ticker symbols once they are available. See Rule 313 of Regulation S-T.

RESPONSE:

The Registrant will respond as requested.

COMMENT 3. Prospectus - Risk/Return Summary:
Fees and Expenses

We note Footnote 1 to each Fund’s fee tables regarding estimated
expenses. As these Funds are not new funds (as defined by Form N-1A Item 3 Instruction 6), expenses for each new class should be based
on actual Fund expenses. Please explain in correspondence the reason for including this footnote (e.g., there is an expense component
that is unique to the new class).

RESPONSE:

The Registrant confirms that “Other Expenses”
for the new classes of each Fund are estimated, based, in part, on the current fiscal year expense estimates for each Fund. These estimates
are further adjusted for any additional estimated expenses in connection with the operation of the new share classes, which are primarily
based on the Registrant’s projections regarding changes in asset levels related to the new share classes.

Therefore, since the “Other Expenses”
listed in the fee tables are based on estimated amounts, the Registrant respectfully believes that the inclusion of the footnote as written
is accurate, appropriate and in accordance with Form N-1A requirements.

COMMENT 4. Prospectus - Risk/Return Summary:
Fees and Expenses

This applies to the Select Shares, Advisor
Shares and Premier Shares of TOF and USTCR.

In Footnote 2 of the above-referenced fee tables of each Fund, this Footnote
should not be included for classes that are not charging these fees currently.

RESPONSE:

The Registrant confirms that the shareholder
services/account administration fee (SSF/AAF) for each Fund’s Select Shares, Advisor Shares and Premier Shares are partially or
entirely “dormant” (the “Dormant Fee”). While the Dormant Fee has been approved by each Fund’s Board of
Trustees (the “Board”), this Dormant Fee will not be incurred or charged above the noted percentage unless and until they
are approved to be activated by the Board, including a majority of the Independent Trustees, and followed by appropriate notification
to shareholders, including (as necessary) a supplement to the prospectus fee tables.

Respectfully, the Registrant believes that the
presentation of the Dormant Fee in the respective footnotes is consistent with Instruction 3(d)(i) to Item 3 of Form N-1A and is material
information for each Fund’s investors. The Funds do not, and cannot, include the Dormant Fee in the fee table itself.

However, in fairness to investors, the Registrant
believes that it is important to identify in a footnote that: (1) the Dormant Fee has been approved by the Board, (2) provides the maximum
allowable fee amount, as applicable and (3) discloses that a portion of or the entirety of the Dormant Fee is not currently being charged
and will not be incurred or charged until approved to be activated by the Board. Therefore, the Registrant respectfully declines to make
any changes in response to this comment.

COMMENT 5. Prospectus - Risk/Return Summary:
Fees and Expenses

In Footnote 2 or Footnote 3, as applicable, to each Fund’s fee tables,
please delete the references to “voluntary waivers and/or reimbursements” and "on their own initiative" to avoid
investor confusion. These references are not permitted or required by Item 3.

RESPONSE:

The Funds’ investment adviser (the “Adviser”)
and certain of its affiliates have, voluntarily and on their own initiative, committed to waive certain amounts of their respective fees
and/or reimburse expenses and entered into these agreements with the Funds’ Board unless or until the Funds’ Board approves
terminating or increasing the waivers, thus creating an agreed rate that must be maintained for a year unless a change is approved by
the Board. Each Fund’s Fee Limit, as defined in Footnote 2 or Footnote 3, as applicable, is the threshold for total fund operating
expenses under each Fund’s fee waiver and/or expense reimbursement arrangements. Please note that, from time to time, there may
be additional voluntary waivers, over and above the one-year committed waiver, but that those are not permitted to be reflected in the
fee table per Form N-1A. Therefore, the Registrant respectfully declines to make changes to the disclosure regarding voluntary waivers
and reimbursements.

COMMENT 6. Prospectus - Risk/Return Summary:
Fees and Expenses Example

Please confirm that the example calculations
are based on gross expenses. Otherwise, confirm that the waiver is reflected only for the period of time in effect.

RESPONSE:

The Registrant confirms that the calculations
reflected in each Fund’s Examples are based upon gross expenses and do not include any fee waivers or expense reimbursements for
any period.

COMMENT 7. Prospectus – Summary- What
are the Fund Main Investment Strategies?

This comment applies to USTCR.

We note the following language in the summary
investment strategy:

“The Fund may temporarily depart from
its principal investment strategies for defensive purposes.”

This sentence should not be in the summary investment
strategy since it is not a principal strategy of the Fund. It should only be disclosed in the full Item 9 investment strategy since such
disclosure is called for there.

RESPONSE:

The Registrant will delete the above noted sentence
in the summary investment strategy.

COMMENT 8. Prospectus – Summary- What
are the Fund Main Investment Strategies?

With respect to the following strategy disclosure,
please revise to read as follows (addition shown bold and underlined):

The Fund will operate as a “government
money market fund,” as such term is defined in or interpreted under Rule 2a-7 under the Investment Company Act of 1940, as amended
(the “1940 Act”). “Government money market funds” are required to invest at least 99.5% of their total assets
in: (i) cash; (ii) securities issued or guaranteed by the United States or certain U.S. government agencies or instrumentalities; and/or
(iii) repurchase agreements that are collateralized fully by cash or government securities.

RESPONSE:

The Registrant respectfully submits that
the existing disclosure conforms to Rule 2a-7(a)(16) and it is modified by the introductory statement that each Fund is a “government
money market fund” as such term is defined or interpreted by Rule 2a-7 which includes the definition of “collateralized fully”
under Rule 2a-7(a)(5) to mean collateralized by cash or government securities.  Accordingly, the Registrant believes that the existing
disclosure is accurate and respectfully declines to revise the disclosure.

COMMENT 9. Prospectus – Summary- What
are the Fund Main Investment Strategies?

With respect to the following disclosure, please
revise to read as follows (deletions stricken and additions underlined and bold):

“The Fund will invest its assets
so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in Treasury investments
securities. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy that would
enable the Fund to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in
Treasury investments securities.”

RESPONSE:

The Registrant respectfully notes that each
Fund’s Board has previously approved that Fund’s non-fundamental Names Rule limitation and that the Registrant believes the
use of “investments” is appropriate. Accordingly, the Registrant respectfully declines to revise the disclosure.

COMMENT 10. Prospectus - Risk/Return Summary:
What are the Main Risks of Investing in the Fund?

We note that “Interest Rate Risk”
is disclosed. Please consider referencing the current low interest rate environment and its impact to the Fund either in response to Item
4 or Item 9 of Form N-1A.

RESPONSE:

In response to the Staff’s comment,
the Registrant has expanded the statutory Interest Rate Risk factor in Item 9 to reflect recent and potential changes in more detail.
Accordingly, the Registrant will make the following revision (addition is bold and underlined):

“Interest Rate Risk

“Prices of fixed-income securities
rise and fall in response to changes in interest rates. Generally, when interest rates rise, prices of fixed-income securities fall. However,
market factors, such as the demand for particular fixed-income securities, may cause the price of certain fixed-income securities to fall
while the prices of other securities rise or remain unchanged.

Recent and potential future changes in monetary
policy made by central banks and/or their governments are likely to affect the level of interest rates.  It is difficult to
predict the pace at which central banks or monetary authorities may increase interest rates or the timing, frequency, or magnitude of
such increases. Any such changes could be sudden and could expose the fixed-income market to heightened volatility and could cause the
value of a Fund's investments to decline, potentially suddenly and significantly.  Money market funds try to minimize this
risk by purchasing short-term securities. Negative or very low interest rates magnify the risks associated with changes in interest rates.
In general, changing interest rates, including rates that fall below zero, have unpredictable effects on markets and expose debt and related
markets to heightened volatility and may detract from Fund performance to the extent a Fund is exposed to such interest rates and/or volatility.
During periods when interest rates are low or there are negative interest rates, a Fund’s yield (and total return) also is likely
to be low or otherwise adversely affected or the Fund may be unable to maintain a positive return, or yield, or minimize the volatility
of the Fund’s NAV per share or maintain a stable NAV.”

COMMENT 11. Prospectus - Risk/Return Summary:
Performance Bar Chart and Table

This applies to the Select Shares, Advisor
Shares and Premier Shares of TOF and USTCR.

We note the disclosure in the introductory paragraph of the Risk/Return
Bar Chart which reads:

“It is anticipated that the
expense ratio of the [new share class name] class will be lower than the expense ratio of the IS class; accordingly, the actual
performance of the [new share class name] class is anticipated to be higher than the performance of the IS class.”

We
do not permit a performance presentation adjusted for the lower fees of a new class, we would not permit a statement to the same effect
in the narrative disclosure.

Given that the expenses could be different, please
consider deleting this sentence.

RESPONSE:

The Registrant will delete the noted sentence.

COMMENT 12. What are the Fund’s Investment
Strategies?

Within the first paragraph of each Funds’
statutory strategy please disclose, if applicable, that the investment objective may be changed without shareholder approval. See Form
N-1A Item 9(a).

RESPONSE:

Pursuant to Item 9(a) of Form N-1A, registrants
must disclose if a Fund’s investment objective is not fundamental such that it may be changed without shareholder approval. The
Registrant confirms that the investment objective of each Fund is fundamental and cannot be changed without shareholder approval.
Therefore, the Registrant believes that no additional disclosure is required under Form N-1A and respectfully declines to make any changes.

COMMENT 13. Prospectus – Advisory Fees

We note the following disclosure in the first
paragraph:

“The Adviser and its affiliates have also agreed to certain
"Fee Limits" as described in the footnote to the "Risk/Return Summary: Fees and Expenses" table found in the "Fund
Summary" section of the Prospectus.”

Please consider restating the fee limits of each
class in this section.

RESPONSE:

The Registrant notes that Item 10(a)(1) of Form
N-1A does not require restatement of each Funds’ classes’ fee limits in the noted section of the Prospectus. Accordingly,
the Registrant respectfully declines to make any changes in response to this comment.

Statement of Additional Information

COMMENT 14. Statement of Additional Information:
How is the Fund Organized?

The Staff notes the following statement in each
Fund’s Statement of Additional Information (SAI):

TOF: “This SAI relates
to Advisor Shares, Administrative Shares, Cash Management Shares, Select Shares and Premier Shares.”

USTCR: “This SAI relates
to Advisor Shares, Administrative Shares, Select Shares and Premier Shares.”

TTO: “This SAI relates
to Service Shares.”

Please confirm whether or not the SAIs are combined
with all share classes of each Fund.

RESPONSE:

Each Fund will have two Statements of Additional
Information, one for the existing share classes and one for the new share classes. Similarly, each Fund will have two Prospectuses, one
for the existing share classes and one for the new share classes.

COMMENT 15. Statement of Additional Information:
Investment Objective (and Policies) and Investment Limitations

The Staff notes the following policy under USTCR’s
“Issuing Senior Securities and Borrowing Money” and TOF’s “Borrowing Money and Issuing Senior Securities”:

“The Fund may borrow money,
directly or indirectly, and issue senior securities to the maximum extent permitted under the Investment Company Act of 1940 (“1940
Act”).”

The Staff further notes t