Government Obligations Tax-Managed Fund

Government Obligations Tax-Managed Fund SSMutual FundsGovernment/Treasury

Overview

AT A GLANCE
Portfolio
Assets
$6.2 Billion
YTD Return NAV
0.45%
Liquidity
United States dollar icon.
STRATEGY

Seeks current income consistent with stability of principal and liquidity by investing in a portfolio of U.S. Treasury and government securities maturing in 397 days or less that pay interest exempt from state personal income tax.

KEY FACTS
Key Facts - Part 1
Symbol Government Obligations Tax-Managed Fund SS
Fund Cutoff Purchases: ET
Redemptions: ET
Key Facts - Part 2
Fund Number(s)
637
CUSIP 60934N849
Performance Incp. Date
Credit Rating AAAm Standard & Poor's Aaa-mf Moody's
INVESTMENT GOALS Income
Cash Management
Tax Aware
Portfolio Stability
MANAGERS
Susan Hill, CFA
Senior Vice President
Senior Portfolio Manager, Head of Government Liquidity Group

joined Federated
28 years of experience
Deborah Cunningham, CFA
Executive Vice President
Chief Investment Officer Global Liquidity Markets
Senior Portfolio Manager

joined Federated
32 years of experience

Performance

Characteristics

Commentary

Documents

Distributions and Taxes

DISCLOSURES

You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. 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.

Fund shares are not guaranteed by the U.S. government.

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.

Yield quotations more closely reflect the current earnings of the fund than the total return quotation.

Total returns for periods of less than one year are cumulative.

Income is subject to federal income tax.

Consult your tax advisor regarding the status of your account under state and local tax laws.

Benchmark: iMoneyNet MFR 100% Treasury

Ratings are based on an evaluation of several factors, including credit quality, diversification and maturity of assets in the portfolio, as well as management strength and operational capabilities. Ratings are subject to change and do not remove market risk.

A money market fund rated AAAm by Standard & Poor's is granted after evaluating a number of factors, including credit quality, market price, exposure and management. Money market funds rated Aaa by Moody's are judged to be of an investment quality similar to Aaa-rated fixed income obligations, that is, they are judged to be of the best quality. For more information on credit ratings, visit standardandpoors.com and moodys.com.

Rule 2a-7 requires that money market funds maintain a 10% daily liquidity bucket and a 30% weekly liquidity bucket. Both requirements are 'point of purchase' requirements. Thus, it is permissible and probable that money market funds may, at any given time, have liquidity percentages reflecting less than the 10% and 30% thresholds. In such circumstances, the portfolio manager will be required to purchase securities to fill the requisite liquidity bucket prior to purchasing longer-dated securities. Additionally, the SEC requirements for what may be defined as 'daily' and 'weekly' differs from the standard maturities used in calculating the 'Effective Maturity Schedule.' Therefore, the percentages in the 2a-7 Liquidity table will generally not equal the amounts shown in the 'Effective Maturity Schedule.'

The fund is a managed portfolio and its holdings are subject to change. Holdings percentages are based on net assets at the close of business on the date above, and may not necessarily reflect adjustments that are routinely made when presenting net assets for formal financial statement purposes.

Current and future portfolio holdings are subject to risk.

Product classifications noted at the top are Federated's internal classifications.

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.

Federated Securities Corp., Distributor

Not FDIC Insured
May Lose Value
No Bank Guarantee

1168392727