Fund Description

The fund was incepted in February 1983 and is managed by Federated Investment Management Company. The fund's investment objective is to provide current income. The fund invests in a diversified, short-to-intermediate term portfolio of direct obligations of the U.S. government, its agencies and instrumentalities. The fund maintains a weighted average portfolio duration that is within 20% of the weighted average portfolio duration of the Merrill Lynch 3-5 Year Treasury Index. This index is a market capitalization weighted index including all U.S. Treasury notes and bonds with maturities greater than or equal to three years and less than five years. The fund offers dividends monthly and capital gains annually.