Federated Short-Term Income Fund Institutional Service Shares
Information as of 10/31/2009
Benchmark Merrill Lynch 0-3 Year Composite Index Assets (Portfolio) $446,772,602 Assets (Share Class) $43,652,681 Symbol FSISX Fund Number(s) 161 CUSIP 31420C308 Performance Inception Date 01/24/1992 Fiscal Year-End 4/30 Current Prospectus Date 06/30/2009 Fund Description The fund seeks to offer investors current income. To pursue its objective, the fund invests in asset-backed and mortgage-backed securities, corporate debt securities, and Treasury and agency securities.		Key Investment Team Members Randall S. Bauer, CFA Morningstar Category Short-Term Bond Morningstar Style Investment Objective Current income Investment Concentration Asset-backed & mortgage-backed securities; corporate debt securities and Treasury securities
Performance data quoted represents past performance which is no guarantee of future results.
Bond prices are sensitive to changes in interest rates and a rise in interest rates can cause a decline in their prices. The value of some mortgage-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 insurance, there is no assurance that private guarantors or insurers will meet their obligations. Investors should carefully consider the fund’s investment objectives, risks, charges and expenses before investing. To obtain a prospectus containing this and other information, contact us or view the prospectus provided on this website. Please carefully read the prospectus before investing. For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary. Federated Securities Corp., Distributor
Not FDIC Insured May Lose Value No Bank Guarantee

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