For the period from May 27, 2016 through May 30, 2016, each day’s dividend factor includes an additional $0.000029204 per share which represents an excess capital distribution from the fund. This amount will be disclosed to shareholders through a 19(a) Notice following the distribution. Any amount that is considered an excess capital distribution will not be reflected in the yield or average annual total return of the fund. However, the excess capital amount distributed will be considered taxable dividend income to shareholders.
The value of some asset-backed securities may be particularly sensitive to changes in prevailing interest rates, and although the securities are generally supported by some form of government or private guarantee and/or insurance, there is no assurance that private guarantors or insurers will meet their obligations.
An investment in money market funds is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these funds.
The fund is a managed portfolio and its holdings are subject to change.
Current and future portfolio holdings are subject to risk.
"Category" product classifications noted at the top are Federated's internal classifications.
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.