Address And Details

1001 Liberty Ave. , Pittsburgh, PA 15222
Fund Manager J. Andrew Kirschler
Manager Tenure 8 Years 3 Months

Strategy And Objective

The Fund's investment objective is current income. The Fund is intended to provide returns consistent with investments in short-to-intermediate term obligations of the U.S. government and its agencies and instrumentalities. The Fund's overall strategy is generally to invest in a portfolio consisting of U.S. Treasury securities and U.S. government agency securities with maturities of not less than two years and not more than five years. The Fund may also use derivative contracts and/or hybrid instruments to implement elements of its strategies, particularly to manage duration and hedge against potential losses. The Fund buys and sells portfolio securities based primarily on the market outlook and analysis of how securities may perform under different market conditions. Federated Investment Management Company, the Fund's investment adviser (the Adviser), evaluates the Fund's investment strategy by comparing the performance and composition of the Fund's portfolio to the performance and composition of ICE BofAML 3-5 Year US Treasury Index, an index composed of U.S. Treasury notes and bonds with maturities greater than or equal to three years and less than five years. There can be no assurance that the Fund's use of derivative contracts or hybrid instruments will work as intended. Derivative investments made by the Fund are included within the Fund's 80% policy (as described below) and are calculated at market value.U.S. government securities also may be offered on a delayed delivery basis. The Fund will enter into delayed delivery transactions, including when-issued transactions, in order to participate in these offerings or trade these securities. The Fund may also seek to increase its income by lending its portfolio securities.Certain of the government securities in which the Fund invests are not backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation (Freddie Mac), the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits. The Fund may also invest in government securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association (Ginnie Mae). Finally, the Fund may invest in certain government securities that have no explicit financial support, but which are regarded as having implied support because the federal government sponsors their activities.The Fund may also purchase U.S. Treasury Inflation-Protected Securities. The value of inflation-protected securities is subject to the effects of changes in market interest rates caused by factors other than inflation (real interest rates). If interest rates rise due to reasons other than inflation, the Fund's investment in these securities may not be protected to the extent that the increase is not reflected in the security's inflation measure. Generally, when real interest rates rise, the value of inflation-protected securities will fall and the Fund's value may decline as a result of this exposure to these securities. The greatest risk occurs when interest rates rise and inflation declines.

Net Asset Value

as of 5:35 PM ET 10/21/2021

Performance

  • 1 Week
  • -0.54%
  • 1 Month
  • -1.17%
  • 3 Months
  • -1.43%
  • 1 Yr Return
  • -2.99%
  • 5 Yr Return
  • -0.27%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 97.88%
Other 2.12%
Stocks 0.00%
Cash 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 17.50 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.42 -0.60 -0.97
Beta 0.44 0.50 0.51
R Squared 0.43 0.56 0.62
Std Deviation 2.33 2.17 1.94
Sharpe Ratio 1.01 0.15 n/a

Purchase Information

as of 5:34 PM ET 10/18/2021
Minimum Initial $1000000
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 09/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 09/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • -1.62%
  • -1.62%
-1.62% -1.62%
3 Year
  • +3.38%
  • +3.38%
+3.38% +3.38%
10 Year
  • +0.86%
  • +0.86%
+0.86% +0.86%
Life Of Fund
  • +3.75%
  • +3.75%
+3.75% +3.75%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

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