Institutional Prime Obligations Fund

POIXXMutual FundsPrimeInstitutional

Overview

AT A GLANCE
AS OF
Portfolio
Assets
$13.0 B
YTD Return
2.01%
Liquidity
United States dollar
STRATEGY

Seeks current income consistent with stability of principal by investing primarily in a portfolio of high-quality, dollar denominated fixed-income securities that: (1) are issued by banks, corporations and the U.S. government; and (2) mature in 397 days or less.

KEY FACTS
Key Facts - Part 1
Symbol POIXX
Strike Times ET
ET
ET T+0
Fund Cutoff Purchases: ET
Redemptions: ET
Key Facts - Part 2
Fund Number(s)
10
CUSIP 60934N203
Performance Incp. Date
Credit Rating AAAm Standard & Poor's
AAAmmf Fitch
INVESTMENT GOALS Retirement
Income
Cash Management
Portfolio Stability
MANAGERS
Deborah Cunningham, CFA
Deborah Cunningham, CFA
Executive Vice President
Chief Investment Officer Global Money Markets
Senior Portfolio Manager

joined Federated
32 years of experience
Paige Wilhelm
Paige Wilhelm
Senior Vice President
Senior Portfolio Manager
Head of Prime Money Market Group

joined Federated
27 years of experience

Performance

Characteristics

Select a Date
 
DISCLOSURES

For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary.

Commentary

Documents

DISCLOSURES

1 If this product is new, it will not have completed its first financial reporting period. Please check back to view future shareholder reports. For the new share of an existing fund, you may wish to view recent shareholder reports of another share of that fund by visiting another share.

The “As of Date” for regulatory documents  is the date when the document is effective with the SEC and made available on Federated’s website.

2 Form N-Q represents the first or third fiscal quarter end portfolio holdings, whichever is most recent, and is filed with the SEC 60 days following the end of the month representing the fund's fiscal first or third quarter. Portfolio holdings for a fund's second and fourth quarters are available in the shareholder reports.

PDF file consists of a President's Message or Market Overview (if applicable) and Annual/Semi-Annual Shareholder Report. NOTE: To be sure you have the most recent information, please access both the Annual Report and the Semi-Annual Report.

Distributions and Taxes

DISCLOSURES

For the period from October 1, 2015 through September 29, 2016, and on October 13, 2016, a portion of the dividend factor included excess capital distributions. The excess capital amount is disclosed through monthly 19(a) notices which began in early November 2015 and will conclude in October 2016. Any excess capital amount is not reflected in the yield or average annual total return of the fund, however is considered taxable dividend income.

The value of some asset-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 guarantee and/or insurance, there is no assurance that private guarantors or insurers will meet their obligations.

You could lose money by investing in the fund. Because the share price of the fund will fluctuate, when you sell your shares, they may be worth more or less than what you originally paid for them. The fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund's liquidity falls below required minimums because of market conditions or other factors. 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.

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.

Institutional money markets funds will value their individual portfolio securities with remaining maturities of 60 days or less using its amortized cost price when such price is approximately the same (as determined by policies adopted by each institutional money market fund’s board) as its fair market price (shadow price). If a security’s shadow price is not approximately the same as its amortized cost price, the institutional money market fund will generally use the shadow price to value that security. As an institutional money market fund’s transactional net asset value (NAV) may have certain securities valued at amortized cost and other securities with remaining maturities greater than 60 days valued at their shadow price, it may differ from its shadow NAV for which all securities are valued based on shadow prices.

Benchmark: iMoneyNet MFR Taxable Inst. Current Avg

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. Fitch’s money market fund ratings are an assessment of a money market fund’s capacity to preserve principal and provide liquidity through limiting credit, market and liquidity risk. For more information on credit ratings, visit standardandpoors.com and fitchratings.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.'

A Short term obligation rated A-1 is rated in the highest category by Standard & Poor's. The obligor's capacity to meet its financial commitment on the obligation is strong. Within this category, certain obligations are designated with a plus sign (+). This indicates that the obligor's capacity to meet its financial commitment on these obligations is extremely strong.

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

2187263827