Trust for U.S. Treasury Obligations (2024)

Effective at the start of business on July 3, 2023, the Service Shares of the Federated Hermes Trust for U.S. Treasury Obligations Fund commenced operations.

Although not contractually obligated to do so, the adviser and/or certain fund service providers waived all or a portion of their fees or reimbursed the fund for certain operating expenses. These voluntary waivers and reimbursem*nts may be modified or terminated at any time; accordingly, the fund's expenses may vary (i.e., increase or decrease) during the fund's fiscal year. These waivers increase income to the fund and result in a higher return to investors.

You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Company or any other government agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress.Pursuant to rules adopted by the Securities and Exchange Commission (SEC) in July 2023, government money market funds are not required to adopt a liquidity fee framework.

Total return represents the change in value of an investment after reinvesting all income and capital gains.

Yield quotations more closely reflect the current earnings of the fund than the total return quotation.

Total returns for periods of less than one year are cumulative.

Fund shares are not guaranteed by the U.S. government.

Ratings are based on an evaluation of several factors, including credit quality, diversification and maturity of assets in the portfolio, as well as management strength and operational capabilities. Ratings are subject to change and do not remove market risk.

Benchmark: iMoneyNet MFR Treasury & Repo Institutional

A money market fund rated AAAm by Standard& Poor's is granted after evaluating a number of factors, including credit quality, market price, exposure and management. Money market funds rated Aaa by Moody's are judgedto be of an investment quality similar to Aaa-rated fixed income obligations, that is, they are judged to be of the best quality. For more information on credit ratings, visit standardandpoors.com and moodys.com.

NAIC List: This fund is on the National Association of Insurance Commissioner's list as a NAIC U.S. Government Money Market Fund listing. This designation denotes that the fund meets certain quality and pricing guidelines such as: a rating of AAAm or Aaa-mf by a Nationally Recognized Statistical Rating Organization (NRSRO), maintain a constant NAV $1.00 at all times, allow a maximum 7 day redemption of proceeds, invest 100% in US government securities. This is subject to an annual review.

Product classifications noted at the top are Federated Hermes' internal classifications.

Prior to April 2, 2024, Rule 2a-7 required that money market funds maintain at least10% daily liquidityassets and at least 30% weekly liquidity assets. Effective April 2, 2024, the daily and weekly liquid assets thresholds increased to 25% and 50%, respectively. Both requirements are “point of purchase” requirements. Thus, it is possible that money market funds may, at any given time, have liquidity percentages reflecting less than the daily and weekly liquidity asset thresholds. In such circ*mstances, the portfolio manager will be required to purchase securities tomeet the requisite liquiditythresholds prior to purchasing longer-dated securities. Additionally, the SEC requirements for what may be defined as “daily” and “weekly” differs from the standard maturities used in calculating the “Effective Maturity Schedule.” Therefore, the percentages in the 2a-7 Liquidity table will generally not equal the amounts shown in the “Effective Maturity Schedule.”

The fund is a managed portfolio and its holdings are subject to change. Holdings percentages are based on net assets at the close of business on the date above, and may not necessarily reflect adjustments that are routinely made when presenting net assets for formal financial statement purposes.

Current and future portfolio holdings are subject to risk.

Investors should carefully consider the fund's investment objectives, risks, charges and expenses before investing. To obtain a summary prospectus or prospectus containing this and other information, contact us or view the prospectus provided on this website. Please carefully read the summary prospectus or prospectus before investing.

Federated Securities Corp., Distributor

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