Federated Institutional Prime 60 Day Fund (PRM) FMTXX

Share Classes Product Type Asset Class Category
Mutual Fund Money Market Prime ; Institutional
As of 08-31-2016

Highlights

  • Pursues current income consistent with stability of principal.
  • Invests in short-term, high-quality, fixed-income securities issued by banks, corporations and the U.S. government, rated in the highest short-term category or of comparable quality that mature in 60 days or less.
  • Focuses on first-tier securities rated in the highest category or comparable quality.
  • Offers the potential for higher yield than a money market fund portfolio limited to Treasury or government fixed-income securities.
  • Seeks to avoid excessive yield volatility and unnecessary NAV risk through conservative maturity range.

Key Investment Team

Facts

Symbol   FMTXX
Fund Number(s)   18
Newspaper Listing   FedMstr
CUSIP   60934N740
Performance Inception Date   12-17-1977
Fund Cutoff   Purchases: 3:00 p.m.
Redemptions: 3:00 p.m.
Credit Rating   AAAm Standard & Poor's

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