-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KxJX1dZtCX6HSTGu99eUP8k0EfAdO8GZhhm+kGyc30y45h+kTPaHIhjnYi7FjC+x gtv9zPZiJB9G16rWQr6GVA== 0001193125-10-155601.txt : 20100708 0001193125-10-155601.hdr.sgml : 20100708 20100708133535 ACCESSION NUMBER: 0001193125-10-155601 CONFORMED SUBMISSION TYPE: N-Q/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20091130 FILED AS OF DATE: 20100708 DATE AS OF CHANGE: 20100708 EFFECTIVENESS DATE: 20100708 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Federated Intermediate Government Fund, Inc. CENTRAL INDEX KEY: 0000875267 IRS NUMBER: 251659310 STATE OF INCORPORATION: MD FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: N-Q/A SEC ACT: 1940 Act SEC FILE NUMBER: 811-06307 FILM NUMBER: 10943775 BUSINESS ADDRESS: STREET 1: 4000 ERICSSON DRIVE CITY: WARRENDALE STATE: PA ZIP: 15086-7561 BUSINESS PHONE: 8003417400 MAIL ADDRESS: STREET 1: 4000 ERICSSON DRIVE CITY: WARRENDALE STATE: PA ZIP: 15086-7561 FORMER COMPANY: FORMER CONFORMED NAME: FEDERATED INTERMEDIATE GOVERNMENT FUND, INC. DATE OF NAME CHANGE: 20050215 FORMER COMPANY: FORMER CONFORMED NAME: FEDERATED LTD DURATION GOVERNMENT FUND INC DATE OF NAME CHANGE: 20040722 FORMER COMPANY: FORMER CONFORMED NAME: FEDERATED LIMITED DURATION GOVERNMENT FUND INC DATE OF NAME CHANGE: 20000911 0000875267 S000009062 Federated Intermediate Government Fund, Inc. C000024614 Institutional Shares FLDIX C000024615 Institutional Service Shares FLDSX N-Q/A 1 dnqa.htm AMENDMENT TO FORM N-Q Amendment to Form N-Q

 

 

United States

Securities and Exchange Commission

Washington, D.C. 20549

 

 

Amended

Form N-Q

 

Quarterly Schedule of Portfolio Holdings of Registered

Management Investment Companies

 

811-6307

(Investment Company Act File Number)

 

 

Federated Intermediate Government Fund, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Federated Investors Funds

4000 Ericsson Drive

Warrendale, PA 15086-7561

(Address of Principal Executive Offices)

 

(412) 288-1900

(Registrant’s Telephone Number)

 

John W. McGonigle, Esquire

Federated Investors Tower

1001 Liberty Avenue

Pittsburgh, Pennsylvania 15222-3779

(Name and Address of Agent for Service)

(Notices should be sent to the Agent for Service)

 

Date of Fiscal Year End: 2/28/10

 

Date of Reporting Period: Quarter ended 11/30/09

 

 

 


Item 1. Schedule of Investments


Federated Intermediate Government Fund, Inc.

Portfolio of Investments

November 30, 2009 (unaudited)

Principal
Amount
or Shares
Value
Government Agencies – 30.9%
Federal Farm Credit System – 10.1%
$3,000,000 2.250%, 1/12/2012 3,006,136
Federal Home Loan Bank System – 12.5%
3,500,000 3.625%, 5/29/2013 3,737,264
Federal Home Loan Mortgage Corporation – 8.3%
2,250,000 1 4.500%, 7/15/2013 2,474,552
TOTAL GOVERNMENT AGENCIES
(IDENTIFIED COST $8,893,954)
9,217,952
Mortgage-Backed Security – 0.0%
Federal Home Loan Mortgage Corp. – 0.0%
9,555 6.500%, 12/1/2015
(IDENTIFIED COST $9,519)
10,285
Collateralized Mortgage Obligations – 41.6%
Federal Home Loan Mortgage Corp. – 6.3%
242,341 REMIC 2534 FI, 1.139%, 2/15/2032 244,088
1,640,153 REMIC 2458 FB, 1.239%, 1/15/2032 1,653,868
TOTAL 1,897,956
Federal National Mortgage Association – 35.3%
2,125,189 REMIC 2007-30 QF, 0.526%, 4/25/2037 2,066,660
2,934,828 REMIC 2006-58 FP, 0.536%, 7/25/2036 2,891,702
2,841,206 REMIC 370 F21, 0.536%, 5/25/2036 2,805,053
2,832,155 REMIC 2006-85 PF, 0.616%, 9/25/2036 2,774,850
TOTAL 10,538,265
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(IDENTIFIED COST $12,609,168)
12,436,221
U.S. Treasury – 9.7%
U.S. Treasury Notes – 9.7%
2,000,000 4.500%, 9/30/2011 2,143,525
750,000 3.125%, 5/15/2019 746,955
TOTAL U.S. TREASURY
(IDENTIFIED COST $2,855,910)
2,890,480
FDIC Guaranteed Debt – 16.3%
3,000,000 Citigroup, Inc., 2.250%, 12/10/2012 3,076,220
1,750,000 Citigroup Funding, Inc., 2.000%, 3/30/2012 1,789,529
TOTAL FDIC GUARANTEED DEBT
(IDENTIFIED COST $4,777,628)
4,865,749
Mutual Fund – 1.2%
348,259 2,3 Government Obligations Fund, Institutional Shares, 0.06%
(AT NET ASSET VALUE)
348,259
TOTAL INVESTMENTS — 99.7%
(IDENTIFIED COST $29,494,438)4
29,768,946
OTHER ASSETS AND LIABILITIES - NET — 0.3%5 89,944
TOTAL NET ASSETS — 100% $29,858,890

At November 30, 2009, the Fund had the following outstanding futures contracts:
Description Number of
Contracts
Notional Value Expiration Date Unrealized
Appreciation/
(Depreciation)
6U.S. Treasury Notes 2-Year Long Futures 5 $1,089,453 March 2010 $2,802
6U.S. Treasury Notes 5-Year Long Futures 20 $2,345,313 March 2010 $20,894
6U.S. Treasury Notes 10-Year Long Futures 30 $3,598,125 March 2010 $50,326
6U.S. Treasury Bonds 30-Year Short Futures 5 $613,594 March 2010 $(12,589)
NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS $61,433

Net Unrealized Appreciation on Futures Contracts is included in “Other Assets and Liabilities — Net.”

1 Pledged as collateral to ensure the Fund is able to satisfy the obligations of its outstanding long and short futures contracts.
2 Affiliated company.
3 7-Day net yield.
4 At November 30, 2009, the cost of investments for federal tax purposes was $29,494,438. The net unrealized appreciation of investments for federal tax purposes excluding any unrealized appreciation/depreciation resulting from futures contracts was $274,508. This consists of net unrealized appreciation from investments for those securities having an excess of value over cost of $457,372 and net unrealized depreciation from investments for those securities having an excess of cost over value of $182,864.
5 Assets, other than investments in securities, less liabilities.
6 Non-income producing security.

Note: The categories of investments are shown as a percentage of total net assets at November 30, 2009.

Investment Valuation

In calculating its net asset valu0 (NAV), the Fund generally values investments as follows:

  • Fixed-income securities acquired with remaining maturities greater than 60 days are fair valued using price evaluations provided by a pricing service approved by the Board of Directors (the “Directors”).
  • Fixed-income securities acquired with remaining maturities of 60 days or less are valued at their cost (adjusted for the accretion of any discount or amortization of any premium).
  • Shares of other mutual funds are valued based upon their reported NAVs.
  • Derivative contracts listed on exchanges are valued at their reported settlement or closing price.
  • Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Directors.

If the Fund cannot obtain a price or price evaluation from a pricing service for an investment, the Fund may attempt to value the investment based upon the mean of bid and asked quotations or fair value the investment based on price evaluations, from one or more dealers. If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could purchase or sell an investment at the price used to calculate the Fund's NAV.

Fair Valuation and Significant Events Procedures

The Directors have authorized the use of pricing services to provide evaluations of the current fair value of certain investments for purposes of calculating the NAV. Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers, and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a “bid” evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and asked for the investment (a “mid” evaluation). The Fund normally uses bid evaluations for U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for other types of fixed-income securities and OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Directors.

The Directors also have adopted procedures requiring an investment to be priced at its fair value whenever the Adviser determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

  • With respect to price evaluations of fixed-income securities determined before the close of regular trading on the NYSE, actions by the Federal Reserve Open Market Committee and other significant trends in U.S. fixed-income markets;
  • Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded; and
  • Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.
1

The Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Fund will determine the fair value of the investment using another method approved by the Directors.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1 — quoted prices in active markets for identical securities

Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 — significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used, as of November 30, 2009, in valuing the Fund's assets carried at fair value:

Valuation Inputs
Level 1 - 
Quoted
Prices and
Investments in
Mutual Funds
Level 2 - 
Other
Significant
Observable
Inputs
Level 3 - 
Significant
Unobservable
Inputs
Total
Debt Securities:
Government Agencies $ —  $9,217,952 $ —  $9,217,952
Mortgage-Backed Security  —  10,285  —  10,285
Collateralized Mortgage Obligations  —  12,436,221  —  12,436,221
U.S. Treasury  —  2,890,480  —  2,890,480
FDIC Guaranteed Debt  —  4,865,749  —  4,865,749
Mutual Fund 348,259  —   —  348,259
TOTAL SECURITIES $348,259 $29,420,687 $ —  $29,768,946
OTHER FINANCIAL INSTRUMENTS* $61,433 $ —  $ —  $61,433
* Other financial instruments include futures contracts.

The following acronym is used throughout this portfolio:

REMIC — Real Estate Mortgage Investment Conduit

2


Item 3. Exhibits

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Registrant   Federated Intermediate Government Fund, Inc.
By   /S/    RICHARD A. NOVAK        
  Richard A. Novak
  Principal Financial Officer
Date   June 22, 2010

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By   /S/    J. CHRISTOPHER DONAHUE        
  J. Christopher Donahue
  Principal Executive Officer
Date   June 22, 2010

 

By   /S/    RICHARD A. NOVAK        
  Richard A. Novak
  Principal Financial Officer
Date   June 22, 2010
EX-99.CERT 2 dex99cert.htm CERTIFICATION Certification

N-Q Item 3- Exhibits: Certifications

I, J. Christopher Donahue, certify that:

 

  1. I have reviewed this report on Form N-Q of Federated Intermediate Government Fund, Inc. (“registrant”);

 

  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

  3. Based on my knowledge, the schedules of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

  4. The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

  a. designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  b. designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  c. evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

 

  d. disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and


  5. The registrant’s other certifying officers and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  a. all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

  b. any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 22, 2010

 

/S/ J. Christopher Donahue
J. Christopher Donahue
President - Principal Executive Officer


N-Q Item 3- Exhibits: Certifications

I, Richard A. Novak, certify that:

 

  1. I have reviewed this report on Form N-Q of Federated Intermediate Government Fund, Inc. (“registrant”);

 

  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

  3. Based on my knowledge, the schedules of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

  4. The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

  a. designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  b. designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  c. evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

 

  d. disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and


  5. The registrant’s other certifying officers and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  a. all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

  b. any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 22, 2010

 

/S/ Richard A. Novak
Richard A. Novak
Treasurer - Principal Financial Officer
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