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Current performance may be lower or higher than what is stated.
Performance quoted represents past performance, which is no guarantee of future results. Investment return will vary. An investor's shares, when redeemed, may be worth more or less than the original cost.
Effective October 1, 2015, the dividend factor will contain some amount of excess capital distribution. This amount will be estimated and disclosed through a monthly 19(a) notice beginning in early November 2015. Any amount that is considered excess capital is not reflected in the yield or average annual total return of the fund. However, the excess capital amount will be considered taxable dividend income.
Effective 3/31/16, the fund's name was changed to Federated Institutional Prime Obligations Fund.
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.
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 reimbursements 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.
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-mf by Moody's are judged to be of an investment quality similar to Aaa-rated fixed income obligations, that is, they are judged to be of the best quality. Fitch’s money market fund ratings are an assessment of the safety of invested principal and the ability to maintain a stable value of the fund’s shares. For more information on credit ratings, visit standardandpoors.com, moodys.com and fitchratings.com.
Total return represents the change in value of an investment after reinvesting all income and capital gains.
Total returns for periods of less than one year are cumulative.
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.