Corporate Overview

DISCLOSURES

Separately managed accounts are made available through Federated Global Investment Management Corp., Federated Investment Counseling, Federated MDTA LLC, Hermes Investment Management Limited and Hermes European Equities Limited, each a registered investment advisor.

Federated Securities Corp. is distributor of the Federated Funds.

For complete financial results please see Federated’s Fourth Quarter Earnings Press Release dated Jan. 30, 2020 and SEC Filings on Form 8-K, 10-Q and 10-K for further information. Links to each document are available on the About section of FederatedInvestors.com.

Investments are subject to risks and fluctuate in value.

019557 (1/20)

2692956455