FEUGX : Federated Adjustable Rate Securities Fund Service Shares

Fund Summary

The investment seeks to provide current income consistent with minimal volatility of principal. The fund invests at least 65% of the value of its total assets in a professionally managed portfolio of U.S. government securities consisting primarily of adjustable and floating rate mortgage securities which are issued or guaranteed by the U.S. government, its agencies or instrumentalities. It may also invest up to 20% of its assets in fixed-rate, mortgage-backed securities and other fixed-rate securities.