
FEDERATED
PRIME CASH SERIES
Investor
Goal
The
fund seeks to provide investors with a high level of current
income, a high quality portfolio and liquidity. The fund
pursues its objective through corporate money market securities
including commercial paper, repurchase agreements, variable
rate instruments and bank instruments.
Fund
Features
- Through
investment in corporate securities, the fund offers investors
a potentially higher yield than a portfolio of government
money market securities.
- By
extending the investment mix to include securities rated
in two of the highest short-term rating categories, the
fund is able to pursue potentially higher yields.
- A
conservative range helps avoid excessive yield volatility
and unnecessary NAV risk.
Holdings
The
Fund invests primarily in a portfolio of short-term, high-quality
fixed income securities issued by banks, corporations and
the U.S. government.
Risks
All
mutual funds take investment risks. Therefore, even though
the Fund is a money market fund that seeks to maintain a
stable NAV, it is possible to lose money by investing in
the Fund. The Shares offered by this prospectus are not
deposits or obligations of any bank, are not endorsed or
guaranteed by any bank and are not insured or guaranteed
by the US government, the Federal Deposit Insurance Corporation,
the Federal Reserve Board or any other government agency.
General
The
Fund is a money market fund that seeks to maintain a stable
net asset value (NAV) of $1.00 per Share. The Fund?s investment
objective is current income consistent with stability of
principal and liquidity. While there is no assurance that
the Fund will achieve its investment objective, it endeavors
to do so by following the strategies and policies described
in this prospectus.
Expenses
Total
Actual Annual Fund Operating Expenses are 1.35%.
Taxes
The
Fund sends an annual statement of your account activity
to assist you in completing your federal, state and local
tax returns. Fund distributions of dividends and capital
gains are taxable to you whether paid in cash or reinvested
in the Fund. Dividends are taxable as ordinary income; capital
gains are taxable at different rates depending upon the
length of time the Fund holds its assets.
Fund
distributions are expected to be primarily dividends. Redemptions
are taxable sales. Please consult your tax adviser regarding
your federal, state and local tax liability.
Prospectus
Before
deciding to invest, you should carefully read the prospectus
which contains more complete information.
Click
here for the html version of the prospectus.
Click
here for the pdf version of the prospectus
.
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any investment advice or opinion regarding the nature, potential,
value, suitability or profitability of any particular security,
portfolio of securities, transaction or investment strategy,
and any investment decisions you make will be based solely
on your evaluation of your financial circumstances, investment
objectives, risk tolerance, and liquidity needs.
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