Highlights Pursues current income consistent with stability of principal and liquidity. Invests primarily in short-term U.S. Treasury and government securities. Uses repurchase agreements to provide a liquidity base for the portfolio and a potential yield advantage relative to other short-term securities.

Fund Management Susan R. Hill, CFA Deborah A. Cunningham, CFA   Fund Cutoff Purchases: 1:00 p.m. Redemptions: 12:00 p.m.

©2012 Federated Investors Inc.

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