IMPORTANT
INFORMATION REGARDING THE FEDERATED FUNDS
SUPPLEMENT TO CURRENT
PROSPECTUSES
Effective after the close
of business on October 7, 2016, shareholders of the Federated Funds will no longer be permitted to exchange into or from the Shares of the following funds:
Federated Institutional Prime 60 Day Fund
Federated Institutional Money Market Management
Federated Institutional Prime Obligations Fund
Federated Institutional Tax-Free Cash Trust
Federated Institutional Prime Value Obligations Fund
The exchange privilege
may be modified or terminated at any time.
The Federated Funds include all of
the following registrants (unless otherwise noted, this includes any of their portfolios and share classes):
FEDERATED ADJUSTABLE RATE
SECURITIES FUND
FEDERATED EQUITY FUNDS
FEDERATED EQUITY INCOME FUND,
INC.
FEDERATED FIXED INCOME
SECURITIES, INC.
FEDERATED GLOBAL ALLOCATION
FUND
FEDERATED GOVERNMENT INCOME
SECURITIES FUND, INC.
FEDERATED GOVERNMENT INCOME
TRUST
FEDERATED HIGH INCOME BOND
FUND, INC.
FEDERATED HIGH YIELD TRUST
FEDERATED INCOME SECURITIES
TRUST
FEDERATED INDEX TRUST
FEDERATED INSTITUTIONAL
TRUST
FEDERATED INSURANCE SERIES
FEDERATED INTERNATIONAL SERIES,
INC.
FEDERATED INVESTMENT SERIES
FUNDS, INC.
FEDERATED MDT SERIES
FEDERATED MDT STOCK TRUST
FEDERATED MUNICIPAL SECURITIES
FUND, INC.
FEDERATED MUNICIPAL SECURITIES
INCOME TRUST
FEDERATED SHORT-INTERMEDIATE
DURATION MUNICIPAL TRUST
FEDERATED TOTAL RETURN
GOVERNMENT BOND FUND
FEDERATED TOTAL RETURN SERIES,
INC.
FEDERATED U.S. GOVERNMENT
SECURITIES FUND: 1-3 YEARS
federated u.s. government
securities fund: 2-5 years
federated world investment
series, inc.
intermediate municipal trust
Money market obligations
trust
Federated U.S.
Treasury Cash Reserves (All Shares)
October 6, 2016
Federated Investors Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
Contact us at FederatedInvestors.com
or call 1-800-341-7400.
Federated Securities Corp.,
Distributor
Q453367 (10/16)
Federated is a registered trademark
of Federated Investors, Inc.
2016 ©Federated Investors, Inc.