Federated US Govt 2-5 YR K  FIGKX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Short Government Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   3.60 Yrs
   Avg Credit Quality
   AAA
As of 2009-09-30
Day Change
$ -0.01
  
NAV (2009-11-20)
$ 11.99
  
YTD Return % (2009-11-20)
0.83%
  
Total Assets ($ mil)
947
View Data Definitions
  Performance    
Growth of $10,000 Fund: Federated US Govt 2-5 YR K
(from 2003-04-07 to 2009-10-31) Category: Short Government
Index: BarCap US Agg Bond TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2003-04-07 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 0.83 3.53 6.29 4.31 --- 3.50
+/- Category -2.59 -2.65 1.32 0.51 --- ---
+/- BarCap US Agg Bond TR USD -6.08 -8.96 -0.16 -0.96 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 0.21 6.23 6.23 4.13 --- 3.52
Month-End (as of 2009-10-31) 0.34 5.94 6.14 4.06 --- 3.50
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 5.20 5.05 2.93 --- ---
On Distribution & Sale of Shares --- 3.86 4.61 2.80 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 150 funds), (5 yrs : out of 145 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
US Government 69.61
US Treasuries 49.38
TIPS 0.00
US Agency 20.23
Mortgage 0.00
Mortgage Pass-Thru 0.00
Mortgage CMO 0.00
Mortgage ARM 0.00
Credit 27.39
US Corporate 27.39
Asset-Backed 0.00
Convertible 0.00
Municipal 0.00
Corporate Inflation-Protected 0.00
Foreign 0.00
Foreign Corp 0.00
Foreign Govt 0.00
Cash 3.00
Bond Quality % of Bonds
AAA 100.0
AA 0.0
A 0.0
BBB 0.0
BB 0.0
B 0.0
Below B 0.0
Not Rated 0.0
 
Asset Allocation
% of Net Assets
Cash 3.0
Stocks 0.0
Bonds 97.0
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings Turnover % 57
Total Number of Bond Holdings 31 30 Day SEC Yield % 1.42
% of Assets in Top 10 Holdings 48.89 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
US Treasury Bond 8.875% 2017-08-15 35,000 49,040 5.37
US Treasury Note 4.125% 2012-08-31 45,000 48,553 5.32
Federal Natl Mtg Assn 3% 2014-09-16 46,000 46,750 5.12
United States Treas Nts 2.75% 2013-10-31 45,000 46,452 5.09
Federal Natl Mtg Assn 5.125% 2012-11-02 46,000 46,185 5.06
UNITED STATES TREAS NTS 2016-07-31 44,200 45,239 4.96
US Treasury Note 4.25% 2014-11-15 40,000 43,698 4.79
Citigroup Fdg Inc Gtd Tlgp 1.375% 2011-05-05 40,000 40,323 4.42
United States Treas Nts 1% 2011-09-30 40,000 40,038 4.39
US Treasury Note 4% 2012-11-15 37,000 39,907 4.37
Data through 2009-09-30
  Other Information
Fund Inception: 2003-04-07
Portfolio Manager  (Start Date)
Donald T. Ellenberger  (2005-06-01)
Donald T. Ellenberger, Senior Vice President, Senior Portfolio Manager, Co-Head of Government/Mortgage Backed Fixed Income Groups. Responsible for portfolio management and research in the government/mortgage-backed fixed income area. Previous association: Derivative Trader/Portfolio Manager, Mellon Bank. B.A., The Pennsylvania State University; M.B.A., Stanford University. Joined Federated 1996; Investment Experience: 20 Years.
Sales Charge %
(taken from prospectus dated 2009-07-31)
Front: None
Deferred: None
Expense Ratio % 1.24
based on net assets
(taken from annual report dated 2009-01-31)
Correspondence Information
5800 Corporate Drive

Pittsburgh,  PA  15237-7000
USA
Telephone:
800-341-7400
412-288-1900
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.