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.
Past performance is no guarantee of future results.
Mutual funds are subject to risks and fluctuate in value.
Bond prices are sensitive to changes in interest rates, and a rise in interest rates can cause a decline in their prices.
Duration is a measure of a security's price sensitivity to changes in interest rates. Securities with longer durations are more sensitive to changes in interest rates than securities of shorter durations.
Ultrashort Funds are not "money market" funds. A money market mutual fund attempts to maintain a stable net asset value through compliance with relevant SEC rules. The Ultrashort Funds are not governed by those rules, and their shares will fluctuate in value.
Federated Securities Corp., Distributor