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.
For the period from October 1, 2015 through September 29, 2016, and on October 13, 2016, a portion of the dividend factor included excess capital distributions. The excess capital amount is disclosed through monthly 19(a) notices which began in early November 2015 and will conclude in October 2016. Any excess capital amount is not reflected in the yield or average annual total return of the fund, however is considered taxable dividend income.
Effective 3/31/16, the fund's name was changed to Federated Institutional Prime Obligations Fund.
You could lose money by investing in the fund. Because the share price of the fund will fluctuate, when you sell your shares, they may be worth more or less than what you originally paid for them. The fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.
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.
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.
Institutional money markets funds will value their individual portfolio securities with remaining maturities of 60 days or less using its amortized cost price when such price is approximately the same (as determined by policies adopted by each institutional money market fund’s board) as its fair market price (shadow price). If a security’s shadow price is not approximately the same as its amortized cost price, the institutional money market fund will generally use the shadow price to value that security. As an institutional money market fund’s transactional net asset value (NAV) may have certain securities valued at amortized cost and other securities with remaining maturities greater than 60 days valued at their shadow price, it may differ from its shadow NAV for which all securities are valued based on shadow prices.
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.