EX-99.MCP SS 8 mcpss.htm

exhibit (n)(5) under form n-1a

exhibit 99 under item 601/reg. s-k

 

 

 

 

Service Shares Exhibit

To

Multiple Class Plan
(revised 10/1/16)

 

1.       Separate Arrangement And Expense Allocation

 

With respect to Funds other than portfolios of Federated Insurance Series, for purposes of Rule 18f-3 under the Act, the basic distribution and shareholder servicing arrangement of the Service Shares will consist of

 

(i) with respect to money market funds, sales and shareholder servicing by financial intermediaries; and
   
(ii) with respect to fluctuating NAV funds, sales and shareholder servicing by financial intermediaries to the following categories of investors (“Eligible Investors”);

 

·                       An investor participating in a wrap program or other fee-based program sponsored by a financial intermediary;
·                       An investor participating in a no-load network or platform sponsored by a financial intermediary where Federated has entered into an agreement with the intermediary;
·                       A trustee/director, employee or former employee of the Fund, the Adviser, the Distributor and their affiliates; an immediate family member of these individuals, or a trust, pension or profit-sharing plan for these individuals;
·                       An employer-sponsored retirement plan;
·                       A trust institution investing on behalf of its trust customers;
·                       A Federated Fund;
·                       An investor, other than a natural person, purchasing Shares directly from the Fund;
·                       An investor (including a natural person) who owned Shares as of December 31, 2008;
·                       Without regard to the initial investment minimum, an investor who acquired Service Shares pursuant to the terms of an agreement and plan of reorganization which permits the investor to acquire such Shares; and
·                                                           Without regard to the initial investment minimum, in connection with an acquisition of an investment management or advisory business, or related investment services, products or assets, by Federated or its investment advisory subsidiaries, an investor (including a natural person) who (1) becomes a client of an investment advisory subsidiary of Federated or (2) is a shareholder or interest holder of a pooled investment vehicle or product that becomes advised or subadvised by a Federated investment advisory subsidiary as a result of such an acquisition other than as a result of a fund reorganization transaction pursuant to an agreement and plan of reorganization.

 

The principal underwriter and financial intermediaries may receive payments for distribution and/or administrative services under a Rule 12b-1 Plan and financial intermediaries may also receive shareholder service fees for services provided.

 

 
 

With respect to portfolios of Federated Insurance Series, Service Shares are available exclusively as an investment vehicle for separate accounts of participating life insurance companies offering variable life insurance policies and variable annuity contracts. For purposes of Rule 18f-3 under the Act, the basic distribution and shareholder servicing arrangement of Service Shares will consist of institutional sales to insurance companies for Service Share inclusion in those variable life insurance and annuity product separate accounts. The insurance company distributor, underwriter or other affiliated entity may provide shareholder services and receive a shareholder service fee for their services and when indicated on the Schedule to this Exhibit, may also receive payments for distribution and/or administrative services under a 12b-1 Plan.

In connection with these basic arrangements, Service Shares will bear the following fees and expenses:

Fees and Expenses Maximum Amount Allocated Service Shares
Sales Load None
Contingent Deferred Sales Charge ("CDSC") None
Shareholder Service Fee Up to 25 basis points (0.25%) of the average daily net asset value
12b-1 Fee As set forth in the attached Schedule
Other Expenses Itemized expenses incurred by the Fund with respect to holders of Service Shares as described in Section 3 of the Plan

 

2.       Conversion and Exchange Privileges

For purposes of Rule 18f-3, Service Shares have the following conversion rights and exchange privileges at the election of the shareholder:

Conversion Rights: None
Exchange Privileges:

For Funds other than portfolios of Federated Insurance Series, Service Shares may be exchanged for exchanged into any Federated fund or share class that does not have a stated sales charge or contingent deferred sales charge, except Shares of Federated Institutional Prime 60 Day Fund, Federated Institutional Money Market Management, Federated Institutional Prime Obligations Fund, Federated Institutional Tax-Free Cash Trust, Federated Institutional Prime Value Obligations Fund, Class A Shares of Federated Government Reserves Fund and Class R Shares of any Fund, provided that the shareholder meets any shareholder eligibility and minimum initial investment requirements for the Shares to be purchased, (if applicable), both accounts have identical registrations, and the shareholder receives a prospectus for the fund in which the shareholder wishes to exchange. Service Shares may also be exchanged for shares of Investment Companies that are not subject to this Plan, as provided in the "Proprietary Fund Schedule" attached hereto.

With respect to portfolios of Federated Insurance Series: None

 

In any exchange, the shareholder shall receive shares having the same aggregate net asset value as the shares surrendered, unless Class A Shares or Class F Shares which are subject to a CDSC are being exchanged, in which case the CDSC fee will be imposed as if the Class A Shares or Class F Shares had been redeemed. Exchanges to any other Class shall be treated in the same manner as a redemption and purchase.

 
 

 

Schedule of Funds
Offering Service Shares

 

The Funds set forth on this Schedule each offer Service Shares on the terms set forth in the Service Shares Exhibit to the Multiple Class Plan, in each case as indicated below. The 12b-1 fees indicated are the maximum amounts authorized based on the average daily net asset value. Actual amounts accrued may be less.

Multiple Class Company
Series		 12b-1 Fee
   
Federated Adjustable Rate Securities Fund 0.05%
   
Federated GNMA Trust 0.05%
   
Federated High Yield Trust None
   
Federated Government Income Trust 0.05%
   
Federated Income Securities Trust:  
Federated Intermediate Corporate Bond Fund 0.25%
Federated Short-Term Income Fund 0.15%
   
Federated Index Trust  
Federated Max-Cap Index Fund 0.30%
Federated Mid-Cap Index Fund None
   
Federated Institutional Trust:  
Federated Government Ultrashort Duration Fund 0.05%
Federated Short-Intermediate Total Return Bond Fund 0.05%
   
Federated Insurance Series:  
Federated Managed Tail Risk Fund II 0.25%
Federated High Income Bond Fund II 0.25%
Federated Kaufmann Fund II 0.25%
Federated Quality Bond Fund II 0.25%
Federated Government Money Fund II None
   
Federated MDT Stock Trust None
   
Federated Short-Intermediate Duration Municipal Trust 0.25%
   
Federated Total Return Government Bond Fund 0.25%
   
Federated Total Return Series, Inc.:  
Federated Mortgage Fund 0.25%
Federated Total Return Bond Fund 0.25%
Federated Ultrashort Bond Fund 0.25%
   
Federated U.S. Government Securities Fund:  1-3 Years 0.25%
   

 

Multiple Class Company
Series		 12b-1 Fee
   
Federated U.S. Government Securities Fund:  2-5 Years 0.05%
   
Money Market Obligations Trust:  
Federated California Municipal Cash Trust None
Federated Connecticut Municipal Cash Trust None
Federated Government Obligations Fund None
Federated Government Obligations Tax-Managed Fund None
Federated Massachusetts Municipal Cash Trust None
Federated Institutional Money Market Management None
Federated Michigan Municipal Cash Trust None
Federated Municipal Obligations Fund None
Federated New Jersey Municipal Cash Trust 0.10%
Federated New York Municipal Cash Trust 0.25%
Federated Ohio Municipal Cash Trust None
Federated Pennsylvania Municipal Cash Trust None
Federated Prime Cash Obligations Fund None
Federated Institutional Prime Obligations Fund None
Federated Institutional Prime Value Obligations Fund None
Federated Tax-Free Obligations Fund None
Federated Treasury Obligations Fund None
Federated U.S. Treasury Cash Reserves 0.25%
Federated Virginia Municipal Cash Trust None
Tax-Free Money Market Fund None

 

 

 
 

Proprietary fund schedule -
service shares

 

Shares issued by investment companies that are not party to this Plan but that are listed on this Proprietary Fund Schedule ("Non-Plan Investment Companies") may be exchanged for Service Shares of the Funds indicated opposite their names. Such Service Shares may also be exchanged back into shares of the original Non-Plan Investment Company. In addition, indicated Service Shares purchased from a dealer party to a Dealer Agreement to sell the indicated Non-Plan Investment Company Shares may be exchanged for Shares of such Non-Plan Investment Company. In any exchange, the shareholder shall receive shares having the same aggregate net asset value as the shares surrendered. Exchanges into any class of shares of a Non-Plan Investment Company not shown on this schedule shall be treated in the same manner as a redemption and purchase.

Multiple Class Series/Company Non-Plan Investment Companies
   

Money Market Obligations Trust -

Federated Automated Cash Management Trust

 WesMark Funds