Government Obligations Tax-Managed Fund Summary Prospectus

Summary Prospectus

September 30, 2023

Share Class | Ticker Institutional | GOTXX

Federated Hermes Government Obligations

Tax-Managed Fund

A Portfolio of Federated Hermes Money Market Obligations Trust

Before you invest, you may want to review the Fund’s Prospectus, which

contains more information about the Fund and its risks. You can find the Fund’s

Prospectus and other information about the Fund, including the Statement of

Additional Information and most recent reports to shareholders, online at

FederatedHermes.com/us/FundInformation. You can also get this information at

no cost by calling 1-800-341-7400, by sending an email request via Contact Us

on FederatedHermes.com/us, or from a financial intermediary through which

Shares of the Fund may be bought or sold. The Fund’s Prospectus and

Statement of Additional Information, both dated September 30, 2023,

are incorporated by reference into this Summary Prospectus.

A money market mutual fund seeking to provide current income consistent with

stability of principal and liquidity by investing in a portfolio of U.S. Treasury

and government securities maturing in 397 days or less that pay interest exempt

from state personal income tax.

As with all mutual funds, the Securities and Exchange Commission (SEC) has

not approved or disapproved these securities or passed upon the adequacy of

this Prospectus. Any representation to the contrary is a criminal offense.

Not FDIC Insured ▪ May Lose Value ▪ No Bank Guarantee

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Fund Summary Information – Institutional Shares

Federated Hermes Government Obligations Tax-Managed Fund

(the “Fund”)

RISK/RETURN SUMMARY: INVESTMENT OBJECTIVE

The Fund is a money market fund that seeks to maintain a stable net asset

value (NAV) of $1.00 per Share. The Fund’s investment objective is to provide

current income consistent with stability of principal and liquidity.

RISK/RETURN SUMMARY: FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy, hold

and sell Institutional Shares (IS) of the Fund. You may pay other fees, such as

brokerage commissions and other fees to financial intermediaries, which

are not reflected in the tables and examples below.

Shareholder Fees (fees paid directly from your investment)

Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) None

Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or

redemption proceeds, as applicable) None

Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions)

(as a percentage of offering price) None

Redemption Fee (as a percentage of amount redeemed, if applicable) None

Exchange Fee None

Annual Fund Operating Expenses (expenses that you pay each year as

a percentage of the value of your investment)

Management Fee

0.15%

Distribution (12b-1) Fee None

Other Expenses

0.09%

Total Annual Fund Operating Expenses

0.24%

Fee Waivers and/or Expense Reimbursements

1,3

(0.04)%

Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements 0.20%

1 The Management Fee, Total Annual Fund Operating Expenses and Fee Waivers and/or Expense

Reimbursements have been restated to reflect current fees due to a reduction in the stated gross

Management Fee for the Fund effective October 1, 2023.

2 The Fund may incur and pay certain service fees (shareholder services/account administration fees)

on its IS class of up to a maximum amount of 0.25%. No such fees are currently incurred and paid by

the IS class of the Fund. The IS class of the Fund will not incur and pay such fees until such time as

approved by the Fund’s Board of Trustees (the “Trustees”).

3 The Adviser and certain of its affiliates on their own initiative have agreed to waive certain amounts

of their respective fees and/or reimburse expenses. Total annual fund operating expenses (excluding

acquired fund fees and expenses, interest expense, extraordinary expenses and proxy-related

expenses paid by the Fund, if any) paid by the Fund’s IS class (after the voluntary waivers and/or

reimbursements) will not exceed 0.20% (the “Fee Limit”) up to but not including the later of (the

“Termination Date”): (a) October 1, 2024; or (b) the date of the Fund’s next effective Prospectus.

While the Adviser and its affiliates currently do not anticipate terminating or increasing these

arrangements prior to the Termination Date, these arrangements may only be terminated or the Fee

Limit increased prior to the Termination Date with the agreement of the Trustees.

Example

This Example is intended to help you compare the cost of investing in the

Fund with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 for the time periods indicated

and then redeem or hold all of your Shares at the end of those periods. The

Example also assumes that your investment has a 5% return each year and that

operating expenses remain the same. The Example does not reflect sales

charges (loads) on reinvested dividends. If these sales charges (loads) were

included, your costs would be higher. Although your actual costs and returns

may be higher or lower, based on these assumptions your costs would be:

1 Year $ 25

3 Years $ 77

5 Years $135

10 Years $306

RISK/RETURN SUMMARY: INVESTMENTS, RISKS AND PERFORMANCE

What are the Fund’s Main Investment Strategies?

The Fund invests in a portfolio of U.S. Treasury and government securities

maturing in 397 days or less that pay interest exempt from state personal

income tax. The Fund may also hold cash, including cash earning interest at the

Fund’s custodian.

Certain of the government securities in which the Fund invests are not

backed by the full faith and credit of the U.S. government, such as those issued

by the Federal Home Loan Bank System and Tennessee Valley Authority.

These entities are, however, supported through federal subsidies, loans or other

benefits. The Fund may also invest in government securities that are supported

by the full faith and credit of the U.S. government. Finally, the Fund may invest

in government securities that are issued by entities whose activities are

sponsored by the federal government, but that have no explicit financial

support, including the Farm Credit System.

In pursuing its investment objective and implementing its investment

strategies, the Fund will comply with Rule 2a-7 under the Investment Company

Act of 1940 (“Rule 2a-7”).

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. 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.

Under normal conditions, the Fund will invest its assets so that at least 80%

of its net assets (plus any borrowings for investment purposes) are invested in

government securities and/or repurchase agreements that are collateralized by

government securities. The Fund will notify shareholders at least 60 days in

advance of any change in this investment policy.

What are the Main Risks of Investing in the Fund?

All mutual funds take investment risks. Therefore, even though the Fund is a

money market fund that seeks to maintain a stable NAV, it is possible to lose

money by investing in the Fund. The primary factors that may negatively

impact the Fund’s ability to maintain a stable NAV, delay the payment of

redemptions by the Fund, or reduce the Fund’s daily dividends include:

■

Interest Rate Risk. Prices of fixed-income securities generally fall when

interest rates rise. 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. Very low or negative interest rates magnify interest rate risk.

During periods when interest rates are low or there are negative interest rates,

the Fund’s yield (and total return) also is likely to be lower or the Fund may

be unable to maintain a positive return, or yield, or a stable NAV.

■

Issuer Credit Risk. It is possible that interest or principal on securities will

not be paid when due. Money market funds try to minimize this risk by

purchasing higher-quality securities.

■

Call Risk. The Fund’s performance may be adversely affected by the

possibility that an issuer of a security held by the Fund may redeem the

security prior to maturity at a price below its current market value.

■

Risk Associated with Investing Share Purchase Proceeds. On days during

which there are net purchases of Fund Shares, the Fund must invest the

proceeds at prevailing market yields or hold cash. If the Fund holds cash, or

if the yield of the securities purchased is less than that of the securities

already in the portfolio, the Fund’s yield will likely decrease. Conversely, net

purchases on days on which short-term yields rise will likely cause the

Fund’s yield to increase. In the event of significant changes in short-term

yields or significant net purchases, the Fund retains the discretion to close to

new investments. However, the Fund is not required to close, and no

assurance can be given that this will be done in any given circumstance.

■

Risk Associated with use of Amortized Cost. In the unlikely event that the

Fund’s Board of Trustees (“Board”) were to determine, pursuant to

Rule 2a-7, that the extent of the deviation between the Fund’s amortized cost

per Share and its market-based NAV per Share may result in material

dilution or other unfair results to shareholders, the Board will cause the Fund

to take such action as it deems appropriate to eliminate or reduce to the

extent practicable such dilution or unfair results.

■

Additional Factors Affecting Yield. There is no guarantee that the Fund

will provide a certain level of income or that any such income will exceed

the rate of inflation. Further, the Fund’s yield will vary. Periods of very low

or negative interest rates impact, in a negative way, the Fund’s ability to

maintain a positive return, or yield, or pay dividends to Fund shareholders.

■

Risk Related to the Economy. The value of the Fund’s portfolio may

decline in tandem with a drop in the overall value of the markets in which the

Fund invests and/or other markets. Economic, political and financial

conditions, industry or economic trends and developments or public health

risks, such as epidemics or pandemics, may, from time to time, and for

varying periods of time, cause the Fund to experience volatility, illiquidity,

shareholder redemptions or other potentially adverse effects.

■

Technology Risk. The Adviser uses various technologies in managing the

Fund, consistent with its investment objective(s) and strategy described in

this Prospectus. For example, proprietary and third-party data and systems

are utilized to support decision making for the Fund. Data imprecision,

software or other technology malfunctions, programming inaccuracies and

similar circumstances may impair the performance of these systems, which

may negatively affect Fund performance.

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 Corporation 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.

PERFORMANCE: BAR CHART AND TABLE

Risk/Return Bar Chart

The bar chart and performance table below reflect historical performance

data for the Fund and are intended to help you analyze the Fund’s investment

risks in light of its historical returns. The bar chart shows the variability of the

Fund’s IS class total returns on a calendar year-by-year basis. The Average

Annual Total Return table shows returns averaged over the stated periods. The

Fund’s performance will fluctuate, and past performance (before and after

taxes) is not necessarily an indication of future results. Updated performance

information for the Fund is available under the “Products” section at

FederatedHermes.com/us or by calling 1-800-341-7400.

Federated Hermes Government Obligations Tax-Managed Fund - IS Class

2013

0.01%

2014

0.01%

2015

0.01%

2016

0.23%

2017

0.71%

2018

1.67%

2019

2.04%

2020

0.37%

2021

0.01%

2022

1.43%

The Fund’s IS class total return for the six-month period from January 1, 2023 to June 30, 2023,

was 2.26%.

Within the periods shown in the bar chart, the Fund’s IS class highest quarterly return was 0.85%

(quarter ended December 31, 2022). Its lowest quarterly return was 0.00% (quarter ended

March 31, 2022).

Average Annual Total Return Table

The following table represents the Fund’s IS class Average Annual Total

Returns for the calendar period ended December 31, 2022.

Share Class 1 Year 5 Years 10 Years

IS: 1.43% 1.10% 0.65%

The Fund’s IS class 7-Day Net Yield as of December 31, 2022, was 4.01%. You may go to

FederatedHermes.com/us or call the Fund at 1-800-341-7400 for the current 7-Day Net Yield.

FUND MANAGEMENT

The Fund’s Investment Adviser is Federated Investment

Management Company.

PURCHASE AND SALE OF FUND SHARES

The minimum initial investment amount for the Fund’s IS class is generally

$500,000 and there is no minimum subsequent investment amount. Certain

types of accounts are eligible for lower minimum investments. The minimum

investment amount for Systematic Investment Programs is $50.

You may purchase, redeem or exchange Shares of the Fund on any day the

New York Stock Exchange (NYSE) is open. Shares may be purchased through

a financial intermediary or directly from the Fund, by wire or by check. Please

note that certain purchase restrictions may apply. Redeem or exchange Shares

through a financial intermediary or directly from the Fund by telephone at

1-800-341-7400 or by mail.

TAX INFORMATION

The Fund’s distributions are taxable as ordinary income or capital gains

except when your investment is through a 401(k) plan, an Individual Retirement

Account or other tax-advantaged investment plan.

PAYMENTS TO BROKER-DEALERS AND OTHER

FINANCIAL INTERMEDIARIES

If you purchase the Fund through a broker-dealer or other financial

intermediary (such as a bank), the Fund and/or its related companies may pay

the intermediary for the sale of Fund Shares and related services. These

payments may create a conflict of interest by influencing the broker-dealer or

other intermediary and your salesperson to recommend the Fund over another

investment. Ask your salesperson or visit your financial intermediary’s website

for more information.

Federated Hermes Government Obligations Tax-Managed Fun

Federated Hermes Funds

4000 Ericsson Drive

Warrendale, PA 15086-7561

or call 1-800-341-7400.

Federated Securities Corp., Distributor

Investment Company Act File No. 811-5950

CUSIP 60934N856

Q450595 (9/23)