IMPORTANT INFORMATION REGARDING THE FEDERATED FUNDS

SUPPLEMENT TO CURRENT PROSPECTUSES AND/OR STATEMENTS OF ADDITIONAL INFORMATION

Effective October 31, 2018, please delete the post office and street addresses listed for The Federated Funds and/or State Street Bank and Trust Company and replace with the following:

P.O. Box 219318
Kansas City, MO 64121-9318 430 W 7th Street
Suite 219318
Kansas City, MO 64105-1407

The Federated Funds include all of the following registrants (including any of their portfolios and/or share classes):

FEDERATED ADVISER SERIES Federated MDT Large Cap Value Fund FEDERATED EQUITY FUNDS Federated Absolute Return Fund Federated Clover Small Value Fund Federated Global Strategic Value Dividend Fund Federated International Strategic Value Dividend Fund Federated Kaufmann Fund Federated Kaufmann Large Cap Fund Federated Kaufmann Small Cap Fund Federated MDT Mid Cap Growth Fund Federated Prudent Bear Fund Federated Strategic Value Dividend Fund FEDERATED EQUITY INCOME FUND, INC. FEDERATED FIXED INCOME SECURITIES, INC. Federated Strategic Income Fund Federated Municipal Ultrashort Fund FEDERATED GLOBAL ALLOCATION FUND FEDERATED GOVERNMENT INCOME SECURITIES, INC. FEDERATED GOVERNMENT INCOME TRUST FEDERATED HIGH INCOME BOND FUND, INC. FEDERATED HIGH YIELD TRUST Federated High Yield Trust Federated Equity Advantage Fund FEDERATED INCOME SECURITIES TRUST Federated Capital Income Fund Federated Floating Rate Strategic Income Fund Federated Fund For U.S. Government Securities Federated Intermediate Corporate Bond Fund Federated Muni And Stock Advantage Fund Federated Real Return Bond Fund Federated Short-Term Income Fund FEDERATED INDEX TRUST Federated Max-Cap Index Fund Federated Mid-Cap Index Fund FEDERATED INSTITUTIONAL TRUST Federated Government Ultrashort Duration Fund Federated Institutional High Yield Bond Fund

FEDERATED INSURANCE SERIES Federated Fund For U.S. Government Securities II Federated High Income Bond Fund II Federated Kaufmann Fund II Federated Managed Volatility Fund II Federated Government Money Fund II Federated Quality Bond Fund II FEDERATED INTERNATIONAL SERIES, INC. Federated Global Total Return Bond Fund FEDERATED INVESTMENT SERIES FUNDS, INC. Federated Bond Fund FEDERATED MANAGED POOL SERIES Federated Corporate Bond Strategy Portfolio Federated High Yield Strategy Portfolio Federated International Bond Strategy Portfolio Federated International Dividend Strategy Portfolio Federated Mortgage Strategy Portfolio FEDERATED MDT SERIES Federated MDT All Cap Core Fund Federated MDT Balanced Fund Federated MDT Large Cap Growth Fund Federated MDT Small Cap Core Fund Federated MDT Small Cap Growth Fund FEDERATED MUNICIPAL BOND FUND, INC. FEDERATED PROJECT AND TRADE FINANCE TENDER FUND FEDERATED SHORT-INTERMEDIATE DURATION MUNICIPAL TRUST FEDERATED TOTAL RETURN GOVERNMENT BOND FUND FEDERATED TOTAL RETURN SERIES, INC. Federated Mortgage Fund Federated Total Return Bond Fund Federated Ultrashort Bond Fund FEDERATED U.S. GOVERNMENT SECURITIES FUND: 1-3 YEARS FEDERATED U.S. GOVERNMENT SECURITIES FUND: 2-5 YEARS FEDERATED WORLD INVESTMENT SERIES, INC. Federated Emerging Market Debt Fund Federated International Leaders Fund Federated International Small-Mid Company Fund INTERMEDIATE MUNICIPAL TRUST Federated Intermediate Municipal Trust

The Federated Funds include all of the following registrants (including any of their portfolios and/or share classes):

MONEY MARKET OBLIGATIONS TRUST Federated California Municipal Cash Trust Federated Capital Reserves Fund Federated Georgia Municipal Cash Trust Federated Government Reserves Fund Federated Government Obligations Fund Federated Government Obligations Tax-Managed Fund Federated Institutional Money Market Management Federated Institutional Prime Obligations Fund Federated Institutional Prime Value Obligations Fund Federated Institutional Tax-Free Cash Trust Federated Massachusetts Municipal Cash Trust Federated Municipal Obligations Fund Federated New York Municipal Cash Trust Federated Pennsylvania Municipal Cash Trust Federated Prime Cash Obligations Fund Federated Tax-Free Obligations Fund Federated Treasury Obligations Fund Federated Trust For U.S. Treasury Obligations Federated U.S. Treasury Cash Reserves Federated Virginia Municipal Cash Trust

FEDERATED CORE TRUST Federated Bank Load Core Fund Emerging Markets Core Fund Federated Mortgage Core Portfolio High Yield Bond Portfolio FEDERATED CORE TRUST III Federated Project And Trade Finance Core Fund

October 26, 2018

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

Q454493 (10/18)

Federated is a registered trademark of Federated Investors, Inc.
2018 ©Federated Investors, Inc.