Select a Federated Fund All Funds Adjustable Rate Securities Fund American Leaders Fund, Inc. Balanced Allocation Fund Bond Fund California Municipal Income Fund Capital Appreciation Fund Capital Income Fund Capital Preservation Fund Equity Income Fund, Inc. Fund for U.S. Government Securities GNMA Trust Government Income Securities, Inc. Government Ultrashort Duration Fund High Income Bond Fund, Inc. High Yield Trust Income Trust Institutional High Yield Bond Fund InterContinental Fund Intermediate Corporate Bond Fund Intermediate Government Fund, Inc. Intermediate Government/Corporate Fund Intermediate Municipal Trust International Bond Fund International Equity Fund International High Income Fund International Small-Mid Company Fund International Strategic Value Fund International Value Fund Kaufmann Fund Kaufmann Large Cap Fund Kaufmann Small Cap Fund MDT All Cap Core Fund MDT Balanced Fund MDT Large Cap Growth Fund MDT Large Cap Value Fund MDT Mid Cap Growth Fund MDT Small Cap Core Fund MDT Small Cap Growth Fund MDT Small Cap Value Fund MDT Tax Aware/All Cap Core Fund Market Opportunity Fund Max-Cap Index Fund Michigan Intermediate Municipal Trust Mid Cap Growth Strategies Fund Mid-Cap Index Fund Mini-Cap Index Fund Mortgage Fund Muni and Stock Advantage Fund Municipal High Yield Advantage Fund Municipal Securities Fund, Inc. Municipal Ultrashort Fund New York Municipal Income Fund North Carolina Municipal Income Fund Ohio Municipal Income Fund Pennsylvania Municipal Income Fund Real Return Bond Fund Short-Intermediate Duration Municipal Trust Short-Term Income Fund Stock Trust Stock and Bond Fund, Inc. Stock and California Muni Fund Strategic Income Fund Strategic Value Fund Target ETF Fund 2015 Target ETF Fund 2025 Target ETF Fund 2035 Total Return Bond Fund Total Return Government Bond Fund U.S. Government Bond Fund U.S. Government Securities Fund: 1-3 Years U.S. Government Securities Fund: 2-5 Years Ultrashort Bond Fund

Equity and Fixed Income		Blend, Corporate, Government, Growth, High Yield, International, Multi-Sector, Stable Value, Strategic Allocation, Tax-Free Income, Value

Select a Federated Money Market Fund All Funds Alabama Municipal Cash Trust Arizona Municipal Cash Trust Automated Cash Management Trust Automated Government Cash Reserves Automated Government Money Trust California Municipal Cash Trust Capital Reserves Fund Connecticut Municipal Cash Trust Florida Municipal Cash Trust Georgia Municipal Cash Trust Government Cash Series Government Obligations Fund Government Obligations Tax-Managed Fund Government Reserves Fund Liberty U.S. Government Money Market Trust Maryland Municipal Cash Trust Massachusetts Municipal Cash Trust Master Trust Michigan Municipal Cash Trust Minnesota Municipal Cash Trust Money Market Management Municipal Cash Series Municipal Obligations Fund Municipal Trust New Jersey Municipal Cash Trust New York Municipal Cash Trust North Carolina Municipal Cash Trust Ohio Municipal Cash Trust Pennsylvania Municipal Cash Trust Prime Cash Obligations Fund Prime Cash Series Prime Management Obligations Fund Prime Obligations Fund Prime Value Obligations Fund Short-Term U.S. Government Trust Tax-Free Instruments Trust Tax-Free Obligations Fund Tax-Free Trust Treasury Cash Series Treasury Cash Series II Treasury Obligations Fund Trust for U.S. Treasury Obligations U.S. Treasury Cash Reserves Virginia Municipal Cash Trust

Money Market		Government, Municipal, Prime, Treasury

Select an Equity Fund All Funds American Leaders Fund II Capital Appreciation Fund II Capital Income Fund II Equity Income Fund II International Equity Fund II Kaufmann Fund II Market Opportunity Fund II Mid Cap Growth Strategies Fund II

Select a Fixed Income Fund All Funds Fund for U.S. Government Securities II High Income Bond Fund II Prime Money Fund II Quality Bond Fund II

Overview

Premier Intermediate Municipal Income Fund

Premier Municipal Income Fund