Domestic Fee Waiver Notice

February 24 2021

Due to current market conditions, Federated Hermes is reducing certain fees and/or payments on several money market funds in order to help the funds maintain a zero or positive net yield. For the month ending February 28, 2021, the Distribution (Rule 12b-1) Fees, Service Fee/Account Administration Fees, Recordkeeping Fees and/or Supplemental Payments (as applicable) on the money market funds listed below have has been temporarily reduced as set forth below in accordance with Schedule 1 of the applicable Selling/ Service Agreement or Recordkeeping Agreement.

California Municipal Cash Trust, CAP
California Municipal Cash Trust, CII
California Municipal Cash Trust, CS
California Municipal Cash Trust, SS
Capital Reserves Fund
Georgia Municipal Cash Trust
Government Obligations Fund, ADM
Government Obligations Fund, CAP
Government Obligations Fund, CII
Government Obligations Fund, CS
Government Obligations Fund, IS
Government Obligations Fund, SEL
Government Obligations Fund, SS
Government Obligations Fund, TR
Government Obligations Tax-Managed Fund, AS
Government Obligations Tax-Managed Fund, SS
Government Reserves Fund, A
Government Reserves Fund, C
Government Reserves Fund, F
Government Reserves Fund, P
Institutional Money Market Management, CAP
Institutional Money Market Management, EAG
Institutional Money Market Management, SS
Institutional Prime Obligations Fund, IS
Institutional Prime Obligations Fund, SS
Institutional Prime Value Obligations Fund, CAP
Institutional Prime Value Obligations Fund, SS
Institutional Tax-Free Cash Trust, IS
Massachusetts Municipal Cash Trust, CS
Massachusetts Municipal Cash Trust, SS
Municipal Obligations Fund, AS
Municipal Obligations Fund, CAP
Municipal Obligations Fund, CII
Municipal Obligations Fund, CS
Municipal Obligations Fund, IV
Municipal Obligations Fund, SS
New York Municipal Cash Trust, CII
New York Municipal Cash Trust, CS
New York Municipal Cash Trust, SS
Pennsylvania Municipal Cash Trust, CS
Pennsylvania Municipal Cash Trust, SS
Pennsylvania Municipal Cash Trust, WS
Prime Cash Obligations Fund, AS
Prime Cash Obligations Fund, CAP
Prime Cash Obligations Fund, CII
Prime Cash Obligations Fund, CS
Prime Cash Obligations Fund, R
Prime Cash Obligations Fund, SS
Prime Cash Obligations Fund, TR
Tax-Free Obligations Fund, SS
Treasury Obligations Fund, AS
Treasury Obligations Fund, CAP
Treasury Obligations Fund, SS
Treasury Obligations Fund, TR
Trust For U.S. Treasury Obligations, CII
Trust For U.S. Treasury Obligations, CS
U.S. Treasury Cash Reserves, SS
Virginia Municipal Cash Trust, CS
Virginia Municipal Cash Trust, SS

Federated Hermes is monitoring the markets on a daily basis and will provide updates to these fee reductions as conditions warrant. Although Federated Hermes believes that conditions in the markets will change, so that the fee reductions can be eliminated, it cannot predict the timing. Please contact your Federated Hermes representative for information regarding fees currently payable on these funds.

Information is for the month of February 2021 and is subject to change. 

Federated Securities Corp., Distributor
Federated Hermes, Inc.
1001 Liberty Avenue
Pittsburgh, PA 15222-3779
Contact us at or call 1-800-341-7400.