Investors should carefully consider the portfolio's investment objectives, risks, charges and expenses before investing. Information about these and other important subjects is in the Investment Circular, which you should read carefully before investing.
An investment in the Pool is not insured or guaranteed by any government or government agency. Although the manager of the Pool seeks to preserve principal, it is possible to lose money by depositing money in the Pool.
1-Day net yield: Calculated by taking the pool's net investment income divided by shares outstanding to determine the daily interest factor. The daily interest factor is multiplied by 365 and then by 100 to derive a percentage. This yield may include short-term capital gains.
7-day net yield: Calculated by taking an average of the past 7 days' net yields less any short-term capital gains.
30-day net yield: Calculated by taking an average of the past 30 days' net yields.
Ratings are based on an evaluation of several factors, including credit quality, diversification and maturity of assets in the portfolio, as well as management strength and operational capabilities. Ratings are subject to change and do not remove market risk.
Weighted Average Maturity (WAM) is the mean average of the periods of time remaining until the securities held in the pool's portfolio (a) are scheduled to be repaid, (b) would be repaid upon a demand by the pool or (c) are scheduled to have their interest rate readjusted to reflect current market rates.
Weighted Average Life is calculated in the same manner as the Weighted Average Maturity (WAM), but is based solely on the periods of time remaining until the securities held in the pool's portfolio (a) are scheduled to be repaid or (b) would be repaid upon a demand by the pool without reference to when interest rates of securities within the portfolio are scheduled to be readjusted.
Portfolio composition is subject to change.
Federated Investment Counseling