FEDERATED PRIME CASH OBLIGATIONS FUND Portfolio as of October 31, 2019 Current Net Assets -- $ 29,942,031,661

Weighted Average Maturity: 39 Days Weighted Average Life: 85 Days Credit Rating: AAAm STANDARD & POOR'S Aaa-mf MOODY'S AAAmmf FITCH Federated offers daily portfolio holdings information for this fund. To request more information or sign up for this service, please contact us at 1-800-245-4270.

(2) Effective (3) Final Principal Amount (1) Security Description CUSIP Base Value/Cost Maturity Maturity Category of Investment ASSET-BACKED SECURITIES - 0.3% $ 65,000,000 (4) HPEFS Equipment Trust 2019-1, Class A1, 2.150% 40438DAA7 $ 65,000,000 10/9/2020 10/9/2020 Other Asset Backed Securities $ 36,699,442 Santander Drive Auto Receivables Trust 2019-3, Class A1, 2.208% 80286HAA7 $ 36,699,442 8/17/2020 8/17/2020 Other Asset Backed Securities TOTAL ASSET-BACKED SECURITIES $ 101,699,442 CERTIFICATE OF DEPOSIT - 12.1% $ 50,000,000 Bank of Montreal, 2.690% 06370RVU0 $ 50,000,000 3/9/2020 3/9/2020 Certificate of Deposit $ 140,000,000 Bank of Montreal, 2.700% 06370RWH8 $ 140,000,000 3/19/2020 3/19/2020 Certificate of Deposit $ 50,000,000 Bank of New York Mellon, N.A., 2.400% 06405VCS6 $ 49,997,293 12/11/2019 12/11/2019 Certificate of Deposit $ 70,000,000 DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 2.070% $ 69,533,979 2/26/2020 2/26/2020 Certificate of Deposit $ 125,000,000 DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 2.070% $ 124,153,546 2/28/2020 2/28/2020 Certificate of Deposit $ 198,000,000 DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 2.080% $ 196,754,837 2/19/2020 2/19/2020 Certificate of Deposit $ 100,000,000 DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 2.080% $ 99,365,413 2/20/2020 2/20/2020 Certificate of Deposit $ 150,000,000 DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 2.080% $ 148,919,363 3/6/2020 3/6/2020 Certificate of Deposit $ 100,000,000 DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 2.090% $ 99,235,934 3/13/2020 3/13/2020 Certificate of Deposit $ 75,000,000 DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 2.095% $ 74,322,059 4/6/2020 4/6/2020 Certificate of Deposit $ 175,000,000 DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 2.100% $ 173,899,235 2/18/2020 2/18/2020 Certificate of Deposit $ 50,000,000 DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 2.150% $ 49,565,762 3/27/2020 3/27/2020 Certificate of Deposit $ 160,000,000 DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 2.200% $ 158,655,839 3/19/2020 3/19/2020 Certificate of Deposit $ 50,000,000 DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 2.250% $ 49,718,858 1/31/2020 1/31/2020 Certificate of Deposit $ 50,000,000 DZ Bank AG Deutsche Zentral-Genossenschaftsbank, 2.350% $ 50,000,000 11/1/2019 11/1/2019 Certificate of Deposit $ 90,000,000 MUFG Bank Ltd., 2.020% 55379WZ74 $ 90,000,000 2/27/2020 2/27/2020 Certificate of Deposit $ 100,000,000 MUFG Bank Ltd., 2.080% 55379W3D6 $ 100,000,000 3/2/2020 3/2/2020 Certificate of Deposit $ 100,000,000 MUFG Bank Ltd., 2.090% $ 99,408,348 2/12/2020 2/12/2020 Certificate of Deposit $ 185,000,000 Mizuho Bank Ltd., 2.000% $ 183,734,345 3/4/2020 3/4/2020 Certificate of Deposit $ 50,000,000 Mizuho Bank Ltd., 2.010% 196678735 $ 50,000,000 1/23/2020 1/23/2020 Certificate of Deposit $ 150,000,000 Mizuho Bank Ltd., 2.025% $ 150,000,000 1/30/2020 1/30/2020 Certificate of Deposit $ 75,000,000 Mizuho Bank Ltd., 2.080% 196678735 $ 75,000,000 1/9/2020 1/9/2020 Certificate of Deposit $ 55,000,000 Mizuho Bank Ltd., 2.210% $ 54,695,181 1/31/2020 1/31/2020 Certificate of Deposit $ 100,000,000 Mizuho Bank Ltd., 2.320% $ 100,000,000 11/1/2019 11/1/2019 Certificate of Deposit $ 50,000,000 Mizuho Bank Ltd., 2.320% $ 50,000,000 11/26/2019 11/26/2019 Certificate of Deposit $ 145,000,000 Sumitomo Mitsui Banking Corp., 1.930% 86565BZ87 $ 145,000,000 4/29/2020 4/29/2020 Certificate of Deposit $ 100,000,000 Sumitomo Mitsui Banking Corp., 1.950% 86565BX30 $ 100,000,000 4/21/2020 4/21/2020 Certificate of Deposit $ 200,000,000 Sumitomo Mitsui Banking Corp., 2.010% 86565BU41 $ 200,000,000 2/11/2020 2/11/2020 Certificate of Deposit $ 50,000,000 Sumitomo Mitsui Banking Corp., 2.240% $ 49,710,884 2/3/2020 2/3/2020 Certificate of Deposit

PCOF - 1 (2) Effective (3) Final Principal Amount (1) Security Description CUSIP Base Value/Cost Maturity Maturity Category of Investment $ 100,000,000 Sumitomo Mitsui Banking Corp., 2.245% $ 99,408,125 2/5/2020 2/5/2020 Certificate of Deposit $ 100,000,000 Sumitomo Mitsui Banking Corp., 2.250% $ 99,450,074 1/29/2020 1/29/2020 Certificate of Deposit $ 100,000,000 Sumitomo Mitsui Trust Bank Ltd., 2.000% 86564FY64 $ 100,000,000 2/11/2020 2/11/2020 Certificate of Deposit $ 50,000,000 Sumitomo Mitsui Trust Bank Ltd., 2.150% $ 50,000,000 2/13/2020 2/13/2020 Certificate of Deposit $ 50,000,000 Sumitomo Mitsui Trust Bank Ltd., 2.185% $ 49,725,953 1/31/2020 1/31/2020 Certificate of Deposit $ 125,000,000 Sumitomo Mitsui Trust Bank Ltd., 2.280% 86564FH55 $ 125,000,000 11/15/2019 11/15/2019 Certificate of Deposit $ 75,000,000 Toronto Dominion Bank, 2.070% $ 75,000,000 2/28/2020 2/28/2020 Certificate of Deposit $ 40,000,000 Toronto Dominion Bank, 2.100% 89114M4Y0 $ 40,000,000 2/6/2020 2/6/2020 Certificate of Deposit TOTAL CERTIFICATE OF DEPOSIT $ 3,620,255,027 COLLATERALIZED LOAN AGREEMENTS - 11.4% $ 160,000,000 BMO Capital Markets Corp., 1.900% 930NYX006 $ 160,000,000 11/1/2019 11/1/2019 Other Repurchase Agreement $ 25,000,000 BMO Capital Markets Corp., 1.950% 930NYX006 $ 25,000,000 11/1/2019 11/1/2019 Other Repurchase Agreement $ 50,000,000 Citigroup Global Markets, Inc., 2.302% 99CBF2906 $ 50,000,000 11/1/2019 2/4/2020 Other Repurchase Agreement $ 100,000,000 Citigroup Global Markets, Inc., 2.302% 99CBF2906 $ 100,000,000 11/1/2019 3/30/2020 Other Repurchase Agreement $ 50,000,000 Citigroup Global Markets, Inc., 2.352% 99CBF2906 $ 50,000,000 11/1/2019 2/4/2020 Other Repurchase Agreement $ 375,000,000 Credit Agricole S.A., 1.980% $ 375,000,000 11/1/2019 11/1/2019 Other Repurchase Agreement $ 250,000,000 Credit Agricole S.A., 1.980% $ 250,000,000 11/4/2019 11/4/2019 Other Repurchase Agreement $ 1,000,000 Credit Agricole S.A., 2.000% $ 1,000,000 11/1/2019 11/1/2019 Other Repurchase Agreement $ 250,000,000 Credit Agricole S.A., 2.000% $ 250,000,000 11/1/2019 11/7/2019 Other Repurchase Agreement $ 25,000,000 HSBC Securities (USA), Inc., 1.900% 643996002 $ 25,000,000 11/1/2019 11/1/2019 Other Repurchase Agreement $ 125,000,000 J.P. Morgan Securities LLC, 2.000% 466999000 $ 125,000,000 11/1/2019 11/12/2019 Other Repurchase Agreement $ 50,000,000 J.P. Morgan Securities LLC, 2.495% 466999000 $ 50,000,000 1/29/2020 3/18/2020 Other Repurchase Agreement $ 200,000,000 MUFG Securities Americas Inc., 1.920% 933DPF004 $ 200,000,000 11/1/2019 11/1/2019 Other Repurchase Agreement $ 45,000,000 MUFG Securities Americas Inc., 2.000% 933DPF004 $ 45,000,000 11/1/2019 11/1/2019 Other Repurchase Agreement $ 50,000,000 Mizuho Securities USA LLC, 1.900% 930LFD005 $ 50,000,000 11/7/2019 11/12/2019 Other Repurchase Agreement $ 240,000,000 Mizuho Securities USA LLC, 2.220% 930LFD005 $ 240,000,000 11/1/2019 11/1/2019 Other Repurchase Agreement $ 94,000,000 Mizuho Securities USA LLC, 2.390% 930LFD005 $ 94,000,000 12/9/2019 12/9/2019 Other Repurchase Agreement $ 150,000,000 Pershing LLC,(GTD by Bank of New York Mellon Corp.), 2.000% 963FRD005 $ 150,000,000 11/1/2019 11/7/2019 Other Repurchase Agreement $ 300,000,000 Societe Generale, Paris, 1.910% 963FVT005 $ 300,000,000 11/1/2019 11/1/2019 Other Repurchase Agreement $ 220,000,000 Societe Generale, Paris, 1.980% 963FVT005 $ 220,000,000 11/1/2019 11/1/2019 Other Repurchase Agreement $ 145,000,000 Securities LLC, 1.750% 930NXW009 $ 145,000,000 11/7/2019 11/7/2019 Other Repurchase Agreement $ 50,000,000 Wells Fargo Securities LLC, 1.950% 930NXW009 $ 50,000,000 11/5/2019 11/5/2019 Other Repurchase Agreement $ 150,000,000 Wells Fargo Securities LLC, 2.340% 930NXW009 $ 150,000,000 11/24/2019 1/22/2020 Other Repurchase Agreement $ 85,000,000 Wells Fargo Securities LLC, 2.350% 930NXW009 $ 85,000,000 1/16/2020 1/16/2020 Other Repurchase Agreement $ 100,000,000 Wells Fargo Securities LLC, 2.450% 930NXW009 $ 100,000,000 1/16/2020 4/13/2020 Other Repurchase Agreement $ 120,000,000 Wells Fargo Securities LLC, 2.590% 930NXW009 $ 120,000,000 1/24/2020 2/21/2020 Other Repurchase Agreement TOTAL COLLATERALIZED LOAN AGREEMENTS $ 3,410,000,000 COMMERCIAL PAPER - 20.9% (6) $ 70,771,000 (4) Albion Capital LLC,(MUFG Bank Ltd. LIQ), 1.980% 01329WAN1 $ 70,451,823 1/22/2020 1/22/2020 Asset Backed Commercial Paper $ 91,998,000 (4) Albion Capital LLC,(MUFG Bank Ltd. LIQ), 2.200% 01329XYL7 $ 91,891,180 11/20/2019 11/20/2019 Asset Backed Commercial Paper $ 50,000,000 (4) Alpine Securitization LLC,(Credit Suisse AG LIQ), 1.940% 02088WC57 $ 49,663,194 3/5/2020 3/5/2020 Asset Backed Commercial Paper $ 50,000,000 (4) Alpine Securitization LLC,(Credit Suisse AG LIQ), 2.020% 02088WBJ8 $ 49,694,194 2/18/2020 2/18/2020 Asset Backed Commercial Paper $ 50,000,000 (4) Anglesea Funding LLC,(Citigroup Global Markets, Inc. COL)/(ING Bank N.V. COL)/(J.P. Morgan Securities 0347M2BK1 $ 49,691,389 2/19/2020 2/19/2020 Asset Backed Commercial Paper LLC COL)/(Societe Generale, Paris COL), 2.020% $ 50,000,000 (4) Anglesea Funding LLC,(Citigroup Global Markets, Inc. COL)/(ING Bank N.V. COL)/(J.P. Morgan Securities 0347M2B70 $ 49,716,889 2/7/2020 2/7/2020 Asset Backed Commercial Paper LLC COL)/(Societe Generale, Paris COL), 2.080%

PCOF - 2 (2) Effective (3) Final Principal Amount (1) Security Description CUSIP Base Value/Cost Maturity Maturity Category of Investment $ 60,000,000 (4) Anglesea Funding LLC,(Citigroup Global Markets, Inc. COL)/(ING Bank N.V. COL)/(J.P. Morgan Securities 0347M3Y16 $ 60,000,000 11/1/2019 11/1/2019 Asset Backed Commercial Paper LLC COL)/(Societe Generale, Paris COL), 2.250% $ 120,000,000 (4) Antalis S.A.,(Societe Generale, Paris LIQ), 1.950% 03664BY59 $ 119,974,000 11/5/2019 11/5/2019 Asset Backed Commercial Paper $ 10,000,000 (4) Barton Capital S.A., 1.770% 06945MY59 $ 9,998,033 11/5/2019 11/5/2019 Asset Backed Commercial Paper $ 85,000,000 (4) Barton Capital S.A., 2.050% 06945MYD2 $ 84,941,917 11/13/2019 11/13/2019 Asset Backed Commercial Paper $ 35,000,000 (4) Bedford Row Funding Corp.,(GTD by Royal Bank of ), 1.850% 07644AKK9 $ 34,365,090 10/19/2020 10/19/2020 Asset Backed Commercial Paper $ 40,000,000 (4) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 1.900% 07644AK60 $ 39,282,222 10/6/2020 10/6/2020 Asset Backed Commercial Paper $ 100,000,000 (4) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 1.900% 07644AK94 $ 98,189,722 10/9/2020 10/9/2020 Asset Backed Commercial Paper $ 60,000,000 (4) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 1.930% 07644AJ21 $ 59,015,700 9/2/2020 9/2/2020 Asset Backed Commercial Paper $ 30,000,000 (4) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 1.930% 07644AJ39 $ 29,506,242 9/3/2020 9/3/2020 Asset Backed Commercial Paper $ 25,000,000 (4) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 1.980% 07644ACB8 $ 24,819,875 3/11/2020 3/11/2020 Asset Backed Commercial Paper $ 50,000,000 (4) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 2.000% 07644ABL7 $ 49,691,667 2/20/2020 2/20/2020 Asset Backed Commercial Paper $ 20,000,000 (4) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 2.050% 07644AB78 $ 19,888,389 2/7/2020 2/7/2020 Asset Backed Commercial Paper $ 10,000,000 (4) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 2.580% 07644AD68 $ 9,887,483 4/6/2020 4/6/2020 Asset Backed Commercial Paper $ 40,000,000 (4) CHARTA, LLC, 2.540% 16115WY68 $ 39,985,889 11/6/2019 11/6/2019 Asset Backed Commercial Paper $ 28,000,000 (4) CRC Funding, LLC, 2.020% 12619TBD5 $ 27,836,604 2/13/2020 2/13/2020 Asset Backed Commercial Paper $ 50,000,000 (4) Caisse des Depots et Consignations (CDC), 2.010% 12800ACC6 $ 49,631,500 3/12/2020 3/12/2020 Non-Financial Company Commercial Paper $ 60,000,000 (4) Chariot Funding LLC, 2.250% 15963UYC4 $ 59,958,750 11/12/2019 11/12/2019 Asset Backed Commercial Paper $ 100,000,000 (4) Chariot Funding LLC, 2.250% 15963UYF7 $ 99,912,500 11/15/2019 11/15/2019 Asset Backed Commercial Paper $ 200,000,000 (4) Chariot Funding LLC, 2.620% 15963UZ58 $ 199,505,111 12/5/2019 12/5/2019 Asset Backed Commercial Paper $ 50,000,000 (4) Chariot Funding LLC, 2.650% 15963TC98 $ 49,525,208 3/9/2020 3/9/2020 Asset Backed Commercial Paper $ 48,600,000 (4) Chariot Funding LLC, 2.800% 15963TAT6 $ 48,271,140 1/27/2020 1/27/2020 Asset Backed Commercial Paper $ 150,000,000 (4) Chesham Finance LLC Series III,(Societe Generale, Paris COL), 1.750% 16537JY67 $ 149,963,542 11/6/2019 11/6/2019 Asset Backed Commercial Paper $ 15,000,000 Collateralized Commercial Paper Co. LLC,(J.P. Morgan Securities LLC COL), 2.000% 19422FCC8 $ 14,890,000 3/12/2020 3/12/2020 Asset Backed Commercial Paper $ 25,000,000 Collateralized Commercial Paper Co. LLC,(J.P. Morgan Securities LLC COL), 2.580% 19422GY57 $ 24,992,833 11/5/2019 11/5/2019 Asset Backed Commercial Paper $ 78,000,000 Collateralized Commercial Paper Co. LLC,(J.P. Morgan Securities LLC COL), 2.580% 19422GYR9 $ 77,865,840 11/25/2019 11/25/2019 Asset Backed Commercial Paper $ 59,400,000 (4) Collateralized Commercial Paper FLEX Co., LLC,(J.P. Morgan Securities LLC COL), 2.070% 19423JBA4 $ 59,055,035 2/10/2020 2/10/2020 Asset Backed Commercial Paper $ 25,000,000 (4) Collateralized Commercial Paper II Co. LLC,(J.P. Morgan Securities LLC COL), 3.130% 19422DYR6 $ 24,947,833 11/25/2019 11/25/2019 Asset Backed Commercial Paper $ 100,000,000 (4) Crown Point Capital Co., LLC,(Credit Suisse AG LIQ), 1.980% 2284K0B79 $ 99,461,000 2/7/2020 2/7/2020 Asset Backed Commercial Paper $ 125,000,000 (4) Crown Point Capital Co., LLC,(Credit Suisse AG LIQ), 2.000% 22845AND8 $ 125,000,000 2/26/2020 2/26/2020 Asset Backed Commercial Paper $ 40,000,000 (4) Crown Point Capital Co., LLC,(Credit Suisse AG LIQ), 2.000% 2284K0B79 $ 39,782,222 2/7/2020 2/7/2020 Asset Backed Commercial Paper $ 100,000,000 (4) Crown Point Capital Co., LLC,(Credit Suisse AG LIQ), 2.000% 2284K0BL8 $ 99,383,333 2/20/2020 2/20/2020 Asset Backed Commercial Paper $ 60,000,000 (4) Crown Point Capital Co., LLC,(Credit Suisse AG LIQ), 2.050% 22845AMR8 $ 60,000,000 2/5/2020 2/5/2020 Asset Backed Commercial Paper $ 150,000,000 (4) Crown Point Capital Co., LLC,(Credit Suisse AG LIQ), 2.080% 22845AMX5 $ 150,000,000 2/18/2020 2/18/2020 Asset Backed Commercial Paper $ 75,000,000 (4) Crown Point Capital Co., LLC,(Credit Suisse AG LIQ), 2.080% 22845AMY3 $ 75,000,000 2/19/2020 2/19/2020 Asset Backed Commercial Paper $ 100,000,000 (4) Crown Point Capital Co., LLC,(Credit Suisse AG LIQ), 2.270% 2284K1Y15 $ 100,000,000 11/1/2019 11/1/2019 Asset Backed Commercial Paper $ 125,000,000 European Investment Bank, 1.870% 29878REU8 $ 123,642,951 5/28/2020 5/28/2020 Non-Financial Company Commercial Paper $ 100,000,000 European Investment Bank, 1.890% 29878RES3 $ 98,913,250 5/26/2020 5/26/2020 Non-Financial Company Commercial Paper $ 100,000,000 European Investment Bank, 1.930% 29878RF11 $ 98,858,083 6/1/2020 6/1/2020 Non-Financial Company Commercial Paper $ 95,000,000 (4) Gotham Funding Corp.,(MUFG Bank Ltd. LIQ), 2.150% 38346MZ56 $ 94,807,097 12/5/2019 12/5/2019 Asset Backed Commercial Paper $ 28,000,000 (4) Great Bridge Capital Co., LLC,( Bank COL), 2.000% 39021VZJ6 $ 27,926,889 12/18/2019 12/18/2019 Asset Backed Commercial Paper $ 40,000,000 (4) Great Bridge Capital Co., LLC,(Standard Chartered Bank COL), 2.080% 39021VZG2 $ 39,896,000 12/16/2019 12/16/2019 Asset Backed Commercial Paper $ 20,000,000 (4) Great Bridge Capital Co., LLC,(Standard Chartered Bank COL), 2.220% 39021VYM0 $ 19,975,333 11/21/2019 11/21/2019 Asset Backed Commercial Paper $ 100,000,000 (4) J.P. Morgan Securities LLC, 2.370% 46640QZ38 $ 99,789,333 12/3/2019 12/3/2019 Financial Company Commercial Paper $ 75,000,000 (4) Kells Funding, LLC,(FMS Wertmanagement AoR LIQ), 1.980% 48803TLX0 $ 74,451,375 3/13/2020 3/16/2020 Asset Backed Commercial Paper $ 100,000,000 (4) Kells Funding, LLC,(FMS Wertmanagement AoR LIQ), 2.000% 48803NCL9 $ 99,344,444 2/27/2020 3/1/2020 Asset Backed Commercial Paper

PCOF - 3 (2) Effective (3) Final Principal Amount (1) Security Description CUSIP Base Value/Cost Maturity Maturity Category of Investment $ 87,000,000 (4) Kells Funding, LLC,(FMS Wertmanagement AoR LIQ), 2.000% 48803NCM7 $ 86,429,667 2/27/2020 3/1/2020 Asset Backed Commercial Paper $ 70,000,000 (4) Kells Funding, LLC,(FMS Wertmanagement AoR LIQ), 2.010% 48802TP58 $ 69,491,917 3/10/2020 3/13/2020 Asset Backed Commercial Paper $ 100,000,000 (4) Kells Funding, LLC,(FMS Wertmanagement AoR LIQ), 2.010% 48803NCQ8 $ 99,313,250 3/3/2020 3/6/2020 Asset Backed Commercial Paper $ 60,000,000 (4) Kells Funding, LLC,(FMS Wertmanagement AoR LIQ), 2.020% 48803MPQ6 $ 59,484,900 4/2/2020 4/5/2020 Asset Backed Commercial Paper $ 200,000,000 (4) Kells Funding, LLC,(FMS Wertmanagement AoR LIQ), 2.030% 48803NCF2 $ 198,838,389 2/12/2020 2/15/2020 Asset Backed Commercial Paper $ 90,000,000 (4) Kells Funding, LLC,(FMS Wertmanagement AoR LIQ), 2.070% 48803NCX3 $ 89,275,500 3/20/2020 3/23/2020 Asset Backed Commercial Paper $ 50,000,000 (4) LMA-Americas LLC,(Credit Agricole Corporate and Investment Bank LIQ), 2.000% 53944RYC6 $ 49,969,444 11/12/2019 11/12/2019 Asset Backed Commercial Paper $ 84,400,000 (4) LMA-Americas LLC,(Credit Agricole Corporate and Investment Bank LIQ), 2.230% 53944RYT9 $ 84,264,069 11/27/2019 11/27/2019 Asset Backed Commercial Paper $ 100,000,000 MUFG Bank Ltd., 2.040% 62479LBA2 $ 99,427,667 2/10/2020 2/10/2020 Financial Company Commercial Paper $ 100,000,000 (4) Manhattan Asset Funding Company LLC,(Sumitomo Mitsui Banking Corp. LIQ), 2.000% 56274LBC7 $ 99,427,778 2/12/2020 2/12/2020 Asset Backed Commercial Paper $ 130,000,000 (4) Manhattan Asset Funding Company LLC,(Sumitomo Mitsui Banking Corp. LIQ), 2.020% 56274LB45 $ 129,307,028 2/4/2020 2/4/2020 Asset Backed Commercial Paper $ 30,000,000 (4) Manhattan Asset Funding Company LLC,(Sumitomo Mitsui Banking Corp. LIQ), 2.120% 56274LAP9 $ 29,853,367 1/23/2020 1/23/2020 Asset Backed Commercial Paper $ 12,000,000 Matchpoint Finance PLC,(BNP Paribas SA LIQ), 2.100% $ 11,942,210 1/23/2020 1/23/2020 Asset Backed Commercial Paper $ 8,500,000 Matchpoint Finance PLC,(BNP Paribas SA LIQ), 2.140% $ 8,461,808 1/16/2020 1/16/2020 Asset Backed Commercial Paper $ 25,000,000 (4) NRW.Bank, 2.000% 62939LC31 $ 24,829,167 3/3/2020 3/3/2020 Financial Company Commercial Paper $ 50,000,000 (4) Old Line Funding, LLC, 2.000% 67984XFU5 $ 49,572,222 4/3/2020 4/3/2020 Asset Backed Commercial Paper $ 34,500,000 (4) Old Line Funding, LLC, 2.040% 67983TBD7 $ 34,296,680 2/13/2020 2/13/2020 Asset Backed Commercial Paper $ 25,745,000 (4) Old Line Funding, LLC, 2.450% 67983UYR8 $ 25,702,950 11/25/2019 11/25/2019 Asset Backed Commercial Paper $ 49,250,000 (4) Old Line Funding, LLC, 2.470% 67983UZ48 $ 49,138,490 12/4/2019 12/4/2019 Asset Backed Commercial Paper $ 50,000,000 (4) Old Line Funding, LLC, 2.740% 67983UY49 $ 49,988,583 11/4/2019 11/4/2019 Asset Backed Commercial Paper $ 61,168,000 (4) Ridgefield Funding Company, LLC Series A,(BNP Paribas SA COL), 1.900% 76582JCD4 $ 60,738,635 3/13/2020 3/13/2020 Asset Backed Commercial Paper $ 50,000,000 (4) Ridgefield Funding Company, LLC Series A,(BNP Paribas SA COL), 2.020% 76582JBA1 $ 49,716,639 2/10/2020 2/10/2020 Asset Backed Commercial Paper $ 50,000,000 (4) Ridgefield Funding Company, LLC Series A,(BNP Paribas SA COL), 2.130% 76582JB78 $ 49,710,083 2/7/2020 2/7/2020 Asset Backed Commercial Paper $ 14,000,000 (4) Sheffield Receivables Company LLC, 1.920% 82124LCA8 $ 13,902,933 3/10/2020 3/10/2020 Asset Backed Commercial Paper $ 50,000,000 (4) Sheffield Receivables Company LLC, 1.960% 82124LBM3 $ 49,695,111 2/21/2020 2/21/2020 Asset Backed Commercial Paper $ 42,000,000 (4) Sheffield Receivables Company LLC, 2.020% 82124LBK7 $ 41,740,767 2/19/2020 2/19/2020 Asset Backed Commercial Paper $ 35,000,000 (4) Sheffield Receivables Company LLC, 2.090% 82124LA77 $ 34,863,860 1/7/2020 1/7/2020 Asset Backed Commercial Paper $ 75,000,000 (4) Sheffield Receivables Company LLC, 2.100% 82124LAE2 $ 74,676,250 1/14/2020 1/14/2020 Asset Backed Commercial Paper $ 50,000,000 (4) Sheffield Receivables Company LLC, 2.130% 82124MZ29 $ 49,908,292 12/2/2019 12/2/2019 Asset Backed Commercial Paper $ 150,000,000 (4) Sheffield Receivables Company LLC, 2.130% 82124MZ60 $ 149,689,375 12/6/2019 12/6/2019 Asset Backed Commercial Paper $ 50,000,000 (4) Sheffield Receivables Company LLC, 2.130% 82124MZD5 $ 49,875,750 12/13/2019 12/13/2019 Asset Backed Commercial Paper $ 50,000,000 (4) Sheffield Receivables Company LLC, 2.230% 82124MYJ3 $ 49,947,347 11/18/2019 11/18/2019 Asset Backed Commercial Paper $ 113,000,000 (4) Sheffield Receivables Company LLC, 2.270% 82124MY46 $ 112,978,624 11/4/2019 11/4/2019 Asset Backed Commercial Paper $ 54,500,000 (4) Sheffield Receivables Company LLC, 2.270% 82124MY87 $ 54,475,944 11/8/2019 11/8/2019 Asset Backed Commercial Paper $ 85,000,000 (4) Starbird Funding Corp., 2.250% 85520MY49 $ 84,984,063 11/4/2019 11/4/2019 Asset Backed Commercial Paper $ 75,000,000 (4) Starbird Funding Corp., 2.580% 85520MY49 $ 74,983,875 11/4/2019 11/4/2019 Asset Backed Commercial Paper $ 100,000,000 Sumitomo Mitsui Banking Corp., 2.030% $ 99,489,881 1/31/2020 1/31/2020 Financial Company Commercial Paper $ 75,000,000 (4) Thunder Bay Funding, LLC, 2.050% 88602TBR3 $ 74,504,583 2/25/2020 2/25/2020 Asset Backed Commercial Paper $ 50,000,000 (4) Thunder Bay Funding, LLC, 2.050% 88602TCP6 $ 49,592,847 3/23/2020 3/23/2020 Asset Backed Commercial Paper $ 40,000,000 (4) Thunder Bay Funding, LLC, 2.365% 88602UZ60 $ 39,908,028 12/6/2019 12/6/2019 Asset Backed Commercial Paper $ 56,400,000 (4) Thunder Bay Funding, LLC, 2.470% 88602UYL8 $ 56,326,476 11/20/2019 11/20/2019 Asset Backed Commercial Paper $ 70,000,000 (4) Thunder Bay Funding, LLC, 2.470% 88602UZ45 $ 69,841,508 12/4/2019 12/4/2019 Asset Backed Commercial Paper $ 75,000,000 (4) Westpac Banking Corp. Ltd., Sydney, 3.010% 9612C1Y19 $ 75,000,000 11/1/2019 11/1/2019 Financial Company Commercial Paper TOTAL COMMERCIAL PAPER $ 6,268,808,064 CORPORATE NOTES - 0.1% $ 16,550,000 Commonwealth Bank of Australia, 2.300% 20271RAK6 $ 16,528,654 3/12/2020 3/12/2020 Other Instrument

PCOF - 4 (2) Effective (3) Final Principal Amount (1) Security Description CUSIP Base Value/Cost Maturity Maturity Category of Investment TOTAL CORPORATE NOTES $ 16,528,654 NOTES - VARIABLE - 33.5% $ 150,000,000 (4)(6) Alpine Securitization LLC,(Credit Suisse AG LIQ), 2.041% 02089XEX1 $ 150,000,000 11/18/2019 2/14/2020 Asset Backed Commercial Paper $ 125,000,000 (4)(6) Alpine Securitization LLC,(Credit Suisse AG LIQ), 2.078% 02089XFN2 $ 125,000,000 11/26/2019 3/26/2020 Asset Backed Commercial Paper $ 4,925,000 (6) Andrew Long Irrevocable Family Trust,(Federal Home Loan Bank of Dallas LOC), 1.860% 03444WAA5 $ 4,925,000 11/7/2019 12/1/2048 Variable Rate Demand Note $ 100,000,000 (4)(6) Anglesea Funding LLC,(Citigroup Global Markets, Inc. COL)/(ING Bank N.V. COL)/(J.P. Morgan Securities 0347M5PU7 $ 100,000,000 11/25/2019 3/20/2020 Asset Backed Commercial Paper LLC COL)/(Societe Generale, Paris COL), 2.073% $ 50,000,000 (4)(6) Anglesea Funding LLC,(Citigroup Global Markets, Inc. COL)/(ING Bank N.V. COL)/(J.P. Morgan Securities 0347M5PX1 $ 50,000,000 12/2/2019 3/27/2020 Asset Backed Commercial Paper LLC COL)/(Societe Generale, Paris COL), 2.080% $ 70,000,000 (4)(6) Anglesea Funding LLC,(Citigroup Global Markets, Inc. COL)/(ING Bank N.V. COL)/(J.P. Morgan Securities 0347M5PS2 $ 70,000,000 11/20/2019 3/18/2020 Asset Backed Commercial Paper LLC COL)/(Societe Generale, Paris COL), 2.096% $ 50,000,000 (6) Bank of Montreal, 1.984% 06370RZJ1 $ 50,000,000 11/27/2019 4/27/2020 Certificate of Deposit $ 50,000,000 (6) Bank of Montreal, 2.084% 06370RB73 $ 50,003,168 11/14/2019 5/14/2020 Certificate of Deposit $ 200,000,000 (6) Bank of Montreal, 2.146% 06370R3L1 $ 200,000,000 11/21/2019 9/21/2020 Certificate of Deposit $ 149,500,000 (6) Bank of Montreal, 2.150% 06370RVR7 $ 149,500,000 11/6/2019 3/6/2020 Certificate of Deposit $ 49,000,000 (6) Bank of Montreal, 2.160% 06370RZY8 $ 49,000,000 11/7/2019 5/7/2020 Certificate of Deposit $ 100,000,000 (6) Bank of Montreal, 2.190% 06370R2N8 $ 100,000,000 11/1/2019 9/8/2020 Certificate of Deposit $ 200,000,000 (6) Bank of Montreal, 2.212% 06370RZL6 $ 200,000,000 11/1/2019 5/1/2020 Certificate of Deposit $ 80,000,000 (6) Bank of Montreal, 2.230% 06370RX20 $ 80,000,000 11/6/2019 8/6/2020 Certificate of Deposit $ 100,000,000 (6) Bank of Montreal, 2.327% 06370RRA9 $ 100,000,000 11/12/2019 12/11/2019 Certificate of Deposit $ 35,000,000 (6) Bank of Nova Scotia, Toronto, 1.964% 06417G7B8 $ 35,000,000 11/28/2019 5/28/2020 Certificate of Deposit $ 70,000,000 (6) Bank of Nova Scotia, Toronto, 2.048% 06417G6Y9 $ 70,000,000 11/18/2019 5/18/2020 Certificate of Deposit $ 50,000,000 (4)(6) Bank of Nova Scotia, Toronto, 2.048% 06417LLK1 $ 50,000,000 11/18/2019 5/18/2020 Financial Company Commercial Paper $ 165,000,000 (6) Bank of Nova Scotia, Toronto, 2.076% 06417MEG6 $ 165,000,000 1/30/2020 10/30/2020 Certificate of Deposit $ 125,000,000 (6) Bank of Nova Scotia, Toronto, 2.090% 06417G7J1 $ 125,000,000 11/1/2019 6/22/2020 Certificate of Deposit $ 125,000,000 (4)(6) Bank of Nova Scotia, Toronto, 2.090% 06417LMA2 $ 125,000,000 11/1/2019 6/19/2020 Financial Company Commercial Paper $ 10,000,000 (6) Bank of Nova Scotia, Toronto, 2.090% 06417MDX0 $ 10,000,000 1/23/2020 10/23/2020 Certificate of Deposit $ 50,000,000 (6) Bank of Nova Scotia, Toronto, 2.110% 06417MAC9 $ 50,000,000 11/1/2019 7/10/2020 Certificate of Deposit $ 125,000,000 (6) Bank of Nova Scotia, Toronto, 2.116% 06417MDR3 $ 125,000,000 1/21/2020 10/21/2020 Certificate of Deposit $ 100,000,000 (4)(6) Bank of Nova Scotia, Toronto, 2.180% 06417LMU8 $ 100,000,000 11/1/2019 9/2/2020 Financial Company Commercial Paper $ 100,000,000 (6) Bank of Nova Scotia, Toronto, 2.180% 06417MBG9 $ 100,000,000 11/1/2019 9/3/2020 Certificate of Deposit $ 150,000,000 (6) Bank of Nova Scotia, Toronto, 2.220% 06417MBW4 $ 150,000,000 11/1/2019 9/14/2020 Certificate of Deposit $ 150,000,000 (6) Bank of Nova Scotia, Toronto, 2.220% 06417MBZ7 $ 150,000,000 11/1/2019 9/16/2020 Certificate of Deposit $ 103,500,000 (6) Bank of Nova Scotia, Toronto, 2.279% 06417MCK9 $ 103,500,000 12/23/2019 9/23/2020 Certificate of Deposit $ 30,000,000 (4)(6) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 2.013% 07644CFX3 $ 30,000,000 11/25/2019 6/25/2020 Asset Backed Commercial Paper $ 40,000,000 (4)(6) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 2.086% 07644CGC8 $ 40,000,000 11/20/2019 7/20/2020 Asset Backed Commercial Paper $ 40,000,000 (4)(6) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 2.094% 07644CFW5 $ 40,000,000 11/15/2019 6/15/2020 Asset Backed Commercial Paper $ 15,000,000 (4)(6) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 2.096% 07644DJQ2 $ 15,000,000 11/20/2019 8/20/2020 Asset Backed Commercial Paper $ 10,000,000 (4)(6) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 2.107% 07644DHX9 $ 10,000,000 11/12/2019 5/11/2020 Asset Backed Commercial Paper $ 65,000,000 (4)(6) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 2.127% 07646KEA4 $ 65,000,000 11/12/2019 2/10/2020 Asset Backed Commercial Paper $ 50,000,000 (4)(6) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 2.216% 07646KEN6 $ 50,000,000 11/4/2019 7/2/2020 Asset Backed Commercial Paper $ 35,000,000 (4)(6) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 2.242% 07644CGA2 $ 34,997,604 11/1/2019 7/1/2020 Asset Backed Commercial Paper $ 10,000,000 (4)(6) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 2.265% 07644CGF1 $ 10,000,000 12/17/2019 9/17/2020 Asset Backed Commercial Paper $ 30,000,000 (4)(6) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 2.289% 07645RCH7 $ 30,000,000 12/26/2019 9/25/2020 Asset Backed Commercial Paper $ 38,000,000 (4)(6) Bedford Row Funding Corp.,(GTD by Royal Bank of Canada), 2.320% 07644DHF8 $ 38,000,000 12/27/2019 12/27/2019 Asset Backed Commercial Paper $ 2,030,000 (6) CMR LLC, (CMR LLC Project Series 2017),(Federal Home Loan Bank of Indianapolis LOC), 1.920% 18977RAA9 $ 2,030,000 11/7/2019 1/15/2038 Variable Rate Demand Note $ 75,000,000 (6) Canadian Imperial Bank of Commerce, 2.080% 13606BZ66 $ 75,000,000 11/1/2019 6/8/2020 Certificate of Deposit

PCOF - 5 (2) Effective (3) Final Principal Amount (1) Security Description CUSIP Base Value/Cost Maturity Maturity Category of Investment $ 85,000,000 (4)(6) Canadian Imperial Bank of Commerce, 2.097% 13608CHJ4 $ 85,000,000 11/12/2019 5/11/2020 Financial Company Commercial Paper $ 105,000,000 (6) Canadian Imperial Bank of Commerce, 2.100% 13606BV78 $ 105,000,000 11/1/2019 4/15/2020 Certificate of Deposit $ 100,000,000 (6) Canadian Imperial Bank of Commerce, 2.170% 13606B4P8 $ 100,000,000 11/1/2019 8/6/2020 Certificate of Deposit $ 20,000,000 (4)(6) Canadian Imperial Bank of Commerce, 2.170% 13608CHS4 $ 20,000,000 11/1/2019 8/27/2020 Financial Company Commercial Paper $ 100,000,000 (6) Canadian Imperial Bank of Commerce, 2.170% $ 100,000,000 11/7/2019 3/9/2020 Certificate of Deposit $ 100,000,000 (6) Canadian Imperial Bank of Commerce, 2.196% 13606BT55 $ 100,000,000 11/4/2019 4/2/2020 Certificate of Deposit $ 100,000,000 (6) Canadian Imperial Bank of Commerce, 2.220% 13606B5V4 $ 100,000,000 11/1/2019 9/11/2020 Certificate of Deposit $ 100,000,000 (6) Canadian Imperial Bank of Commerce, 2.226% 13606BL87 $ 100,000,000 11/19/2019 12/19/2019 Certificate of Deposit $ 125,000,000 (6) Canadian Imperial Bank of Commerce, 2.328% 13606BN36 $ 125,000,000 11/8/2019 1/8/2020 Certificate of Deposit $ 252,000,000 (6) Canadian Imperial Bank of Commerce, 2.411% 13606BM94 $ 252,000,000 11/4/2019 1/3/2020 Certificate of Deposit $ 18,050,000 (6) Canyon Oaks LLC, (Series 2017-A Canyon Oaks Apartments),(Federal Home Loan Bank of San Francisco 13887JAA7 $ 18,050,000 11/7/2019 5/1/2057 Variable Rate Demand Note LOC), 1.880% $ 6,965,000 (6) Capital Markets Access Co. LC, (West Broad Holdings, LLC Series 2007),(Wells Fargo Bank, N.A. LOC), 14030PAU3 $ 6,965,000 11/7/2019 3/1/2032 Variable Rate Demand Note 1.860% $ 64,500,000 (4)(6) Chariot Funding LLC, 2.032% 15963RBA0 $ 64,500,000 11/25/2019 1/24/2020 Asset Backed Commercial Paper $ 100,000,000 (4)(6) Chariot Funding LLC, 2.222% 15963RBM4 $ 100,000,000 11/1/2019 4/1/2020 Asset Backed Commercial Paper $ 3,100,000 (6) Charlotte Christian School, (Series 1999),(Wells Fargo Bank, N.A. LOC), 1.880% 160770AA1 $ 3,100,000 11/7/2019 6/1/2024 Variable Rate Demand Note $ 50,000,000 (4)(6) Collateralized Commercial Paper FLEX Co., LLC,(J.P. Morgan Securities LLC COL), 1.943% 19423MAS9 $ 50,000,000 11/25/2019 12/23/2019 Asset Backed Commercial Paper $ 25,000,000 (4)(6) Collateralized Commercial Paper FLEX Co., LLC,(J.P. Morgan Securities LLC COL), 1.970% 19423MAU4 $ 25,000,000 11/20/2019 12/20/2019 Asset Backed Commercial Paper $ 50,000,000 (4)(6) Collateralized Commercial Paper FLEX Co., LLC,(J.P. Morgan Securities LLC COL), 2.108% 19423MAW0 $ 50,000,000 11/6/2019 1/6/2020 Asset Backed Commercial Paper $ 7,210,000 (6) Dennis Wesley Company, Inc., (The Dennis Wesley Company, Inc. Project),(Federal Home Loan Bank of 951006AB1 $ 7,210,000 11/7/2019 2/15/2035 Variable Rate Demand Note Indianapolis LOC), 1.860% $ 6,880,000 (6) Dynetics, Inc., (Series 2010-A),(Branch Banking & Trust Co. LOC), 1.860% 26817TAB0 $ 6,880,000 11/7/2019 12/1/2035 Variable Rate Demand Note $ 1,000,000,000 (6) Federated Institutional Money Market Management, 1.920% 608919775 $ 999,713,000 11/1/2019 Investment Company $ 197,500 (6) Federated Institutional Prime Value Obligations Fund, 2.080% 60934N583 $ 197,520 11/1/2019 Investment Company $ 7,000,000 (6) Fiore Capital LLC,(Wells Fargo Bank, N.A. LOC), 1.850% 31809DAB5 $ 7,000,000 11/7/2019 8/1/2045 Variable Rate Demand Note $ 2,115,000 (6) Gadsden, AL Airport Authority, (Series 2004),(Wells Fargo Bank, N.A. LOC), 1.900% 362469AA6 $ 2,115,000 11/7/2019 8/1/2024 Variable Rate Demand Note $ 40,000,000 (4)(6) Glencove Funding LLC,(JPMorgan , N.A. COL), 2.053% 37829ABP2 $ 40,000,000 11/25/2019 4/20/2020 Asset Backed Commercial Paper $ 24,500,000 (4)(6) Glencove Funding LLC,(JPMorgan Chase Bank, N.A. COL), 2.053% 37829ABS6 $ 24,500,000 11/25/2019 4/22/2020 Asset Backed Commercial Paper $ 4,265,000 (6) Guiding Light Church, (Series 2005),(Wells Fargo Bank, N.A. LOC), 1.880% 40171TAA3 $ 4,265,000 11/7/2019 3/1/2025 Variable Rate Demand Note $ 4,000,000 (6) HW Hellman Building, L.P., (HW Hellman Building Apartments Project Series 2015-B),(Federal Home Loan 404407AB4 $ 4,000,000 11/7/2019 12/1/2055 Variable Rate Demand Note Bank of San Francisco LOC), 1.960% $ 5,000,000 (6) HW Hellman Building, L.P., (HW Hellman Building Apartments Project Series 2015-A),(Federal Home Loan 404407AA6 $ 5,000,000 11/7/2019 12/1/2055 Variable Rate Demand Note Bank of San Francisco LOC), 1.960% $ 60,000,000 (6) J.P. Morgan Securities LLC, 2.024% 46640EJK5 $ 60,000,000 11/14/2019 11/14/2019 Financial Company Commercial Paper $ 6,740,000 (6) Mason Harrison Ratliff Enterprises, LLC,(Federal Home Loan Bank of Dallas LOC), 1.860% 57520MAA0 $ 6,740,000 11/7/2019 7/1/2048 Variable Rate Demand Note $ 3,000,000 (6) Mike P. Sturdivant, Sr. Family Trust, (Series 2016),(Wells Fargo Bank, N.A. LOC), 1.860% 59863RAA0 $ 3,000,000 11/7/2019 11/1/2036 Variable Rate Demand Note $ 1,045,000 (6) Montgomery, AL IDB,(Wells Fargo Bank, N.A. LOC), 1.870% 613052QB8 $ 1,045,000 11/7/2019 3/1/2023 Variable Rate Demand Note $ 11,400,000 (6) NWD 2017 Family Trust No. 1,(Federal Home Loan Bank of Dallas LOC), 1.860% 62954EAA3 $ 11,400,000 11/7/2019 1/1/2049 Variable Rate Demand Note $ 100,000,000 (4)(6) Ltd., Melbourne, 2.003% 63254GLH6 $ 100,000,000 11/25/2019 6/25/2020 Financial Company Commercial Paper $ 100,000,000 (6) National Australia Bank Ltd., Melbourne, 2.204% $ 100,000,000 12/30/2019 3/31/2020 Certificate of Deposit $ 68,000,000 (4)(6) Old Line Funding, LLC, 1.936% 67984YGE8 $ 68,000,000 12/2/2019 1/31/2020 Asset Backed Commercial Paper $ 70,000,000 (4)(6) Old Line Funding, LLC, 1.954% 67985BDC4 $ 70,000,000 11/26/2019 2/26/2020 Asset Backed Commercial Paper $ 45,000,000 (4)(6) Old Line Funding, LLC, 1.984% 67984YGB4 $ 45,000,000 11/26/2019 3/26/2020 Asset Backed Commercial Paper $ 70,000,000 (4)(6) Old Line Funding, LLC, 2.023% 67984RHL6 $ 70,000,000 11/25/2019 3/25/2020 Asset Backed Commercial Paper $ 100,000,000 (4)(6) Old Line Funding, LLC, 2.070% 67984YGL2 $ 100,000,000 11/1/2019 2/7/2020 Asset Backed Commercial Paper $ 50,000,000 (4)(6) Old Line Funding, LLC, 2.140% 67984VDY3 $ 50,000,000 11/1/2019 4/14/2020 Asset Backed Commercial Paper

PCOF - 6 (2) Effective (3) Final Principal Amount (1) Security Description CUSIP Base Value/Cost Maturity Maturity Category of Investment $ 29,435,000 (6) Panel Rey S.A., (Series 2016),( N.A., New York LOC), 1.860% 69838QAA3 $ 29,435,000 11/7/2019 3/1/2046 Variable Rate Demand Note $ 35,960,000 (6) Park Stanton Place LP,(Federal Home Loan Bank of San Francisco LOC), 1.880% 70086PAA2 $ 35,960,000 11/7/2019 12/1/2058 Variable Rate Demand Note $ 7,103,000 (6) Partisan Property, Inc., (Series 2014),(Wells Fargo Bank, N.A. LOC), 1.830% 70213NAA3 $ 7,103,000 11/7/2019 9/1/2044 Variable Rate Demand Note $ 25,000,000 (4)(6) Pepper I-Prime 2018-2 Trust, Class A1U2,(GTD by National Australia Bank Ltd., Melbourne), 2.394% 71420LAA4 $ 25,000,000 11/13/2019 10/13/2020 Other Asset Backed Securities $ 40,000,000 (6) Pepper I-Prime 2019-1 Trust, Class A1U1,(GTD by National Australia Bank Ltd., Melbourne), 2.271% 713362AA9 $ 40,000,000 11/14/2019 4/14/2020 Other Asset Backed Securities $ 7,380,000 (6) Phenix City, AL Downtown Redevelopment Authority, (Series 2013-A),(Federal Home Loan Bank of New 717337AA7 $ 7,380,000 11/7/2019 2/1/2033 Variable Rate Demand Note York LOC), 1.860% $ 21,000,000 (6) Pittsburg Fox Creek Associates L.P., (Series 2011-A),(Federal Home Loan Bank of San Francisco LOC), 724624AA9 $ 21,000,000 11/7/2019 10/1/2051 Variable Rate Demand Note 1.880% $ 5,705,000 (6) Public Finance Authority, (Series 2015-A Ram Eufaula Hospitality, LLC),(Federal Home Loan Bank of New 74442PBM6 $ 5,705,000 11/7/2019 11/1/2037 Variable Rate Demand Note York LOC), 1.870% $ 40,000,000 (4)(6) Royal Bank of Canada, 2.040% 78014XBU0 $ 40,000,000 11/1/2019 12/18/2019 Financial Company Commercial Paper $ 50,000,000 (4)(6) Royal Bank of Canada, 2.080% 78014XCL9 $ 50,000,000 11/1/2019 6/8/2020 Financial Company Commercial Paper $ 25,000,000 (6) Royal Bank of Canada, 2.090% 78012UPH2 $ 25,000,000 11/1/2019 5/7/2020 Certificate of Deposit $ 50,000,000 (6) Royal Bank of Canada, 2.100% 78012UPW9 $ 50,000,000 11/1/2019 6/12/2020 Certificate of Deposit $ 50,000,000 (4)(6) Royal Bank of Canada, 2.100% 78014XCA3 $ 50,000,000 11/1/2019 4/9/2020 Financial Company Commercial Paper $ 60,000,000 (4)(6) Royal Bank of Canada, 2.130% 78014XDD6 $ 60,000,000 11/1/2019 7/10/2020 Financial Company Commercial Paper $ 45,000,000 (6) Royal Bank of Canada, 2.140% 78012UQZ1 $ 45,000,000 11/1/2019 9/21/2020 Certificate of Deposit $ 50,000,000 (4)(6) Royal Bank of Canada, 2.146% 78014XAQ0 $ 50,000,000 11/29/2019 11/29/2019 Financial Company Commercial Paper $ 60,000,000 (4)(6) Royal Bank of Canada, 2.150% 78014XBS5 $ 60,000,000 11/5/2019 3/5/2020 Financial Company Commercial Paper $ 25,000,000 (4)(6) Royal Bank of Canada, 2.170% 78014XDL8 $ 25,000,000 11/1/2019 7/23/2020 Financial Company Commercial Paper $ 10,000,000 (4)(6) Royal Bank of Canada, 2.180% 78014XDR5 $ 10,000,000 11/1/2019 7/31/2020 Financial Company Commercial Paper $ 59,000,000 (4)(6) Royal Bank of Canada, 2.237% 78014XAV9 $ 59,000,000 1/8/2020 1/8/2020 Financial Company Commercial Paper $ 80,000,000 (4)(6) Royal Bank of Canada, 2.294% 78014XAJ6 $ 80,000,000 11/13/2019 12/13/2019 Financial Company Commercial Paper $ 134,500,000 (6) Royal Bank of Canada, 2.299% 78012ULH6 $ 134,500,000 1/3/2020 1/3/2020 Certificate of Deposit $ 20,000,000 (4)(6) Royal Bank of Canada, 2.358% 78014XAL1 $ 20,000,000 11/15/2019 11/15/2019 Financial Company Commercial Paper $ 15,000,000 (6) SSAB AB (publ), (Series 2015-A),(DNB Bank ASA LOC), 1.860% 78469GAC8 $ 15,000,000 11/7/2019 6/1/2035 Variable Rate Demand Note $ 11,260,000 (6) Shawn R. Trapuzzano Irrevocable Insurance Trust,(Federal Home Loan Bank of Pittsburgh LOC), 1.860% 820495AA7 $ 11,260,000 11/7/2019 12/1/2048 Variable Rate Demand Note

$ 4,385,000 (6) Spira Millenium LLC, (Series 2001),( N.A. LOC), 1.860% 848558AA0 $ 4,385,000 11/7/2019 10/1/2022 Variable Rate Demand Note $ 5,710,000 (6) St. Andrew United Methodist Church, (Series 2004),(Wells Fargo Bank, N.A. LOC), 2.000% 793789AA6 $ 5,710,000 11/7/2019 7/1/2029 Variable Rate Demand Note $ 125,000,000 (6) Sumitomo Mitsui Banking Corp., 1.984% 86565BH46 $ 125,000,000 11/27/2019 1/27/2020 Certificate of Deposit $ 85,000,000 (6) Sumitomo Mitsui Banking Corp., 1.998% 86565BA35 $ 85,000,000 11/18/2019 11/18/2019 Certificate of Deposit $ 50,000,000 (6) Sumitomo Mitsui Banking Corp., 2.070% 86565BF89 $ 50,000,000 11/11/2019 1/9/2020 Certificate of Deposit $ 75,000,000 (6) Sumitomo Mitsui Banking Corp., 2.097% 86565BE72 $ 75,000,000 11/4/2019 11/4/2019 Certificate of Deposit $ 100,000,000 (6) Sumitomo Mitsui Banking Corp., 2.100% 86565BE80 $ 100,000,000 11/5/2019 11/5/2019 Certificate of Deposit $ 100,000,000 (6) Sumitomo Mitsui Trust Bank Ltd., 2.100% 86564FE41 $ 100,000,000 11/5/2019 11/5/2019 Certificate of Deposit $ 1,215,000 (6) Sun Valley, Inc.,(Wells Fargo Bank, N.A. LOC), 1.930% 86701AAA6 $ 1,215,000 11/7/2019 12/1/2021 Variable Rate Demand Note $ 7,680,000 (6) The J.G. Aguirre Master Trust,(Federal Home Loan Bank of Atlanta LOC), 1.860% 46653AAA8 $ 7,680,000 11/7/2019 2/1/2049 Variable Rate Demand Note $ 30,000,000 (4)(6) Thunder Bay Funding, LLC, 2.023% 88603ADR1 $ 30,000,000 11/25/2019 3/25/2020 Asset Backed Commercial Paper $ 67,500,000 (4)(6) Thunder Bay Funding, LLC, 2.160% 88603KCB5 $ 67,500,000 11/1/2019 6/2/2020 Asset Backed Commercial Paper $ 100,000,000 (6) Toronto Dominion Bank, 2.022% 89114MU47 $ 100,000,000 11/25/2019 6/24/2020 Certificate of Deposit $ 100,000,000 (6) Toronto Dominion Bank, 2.046% 89114MS73 $ 100,000,000 11/19/2019 6/19/2020 Certificate of Deposit $ 75,000,000 (6) Toronto Dominion Bank, 2.062% 89114M3D7 $ 75,000,000 11/25/2019 7/24/2020 Certificate of Deposit $ 150,000,000 (6) Toronto Dominion Bank, 2.090% 89114MT23 $ 150,000,000 11/1/2019 6/22/2020 Certificate of Deposit $ 90,000,000 (6) Toronto Dominion Bank, 2.090% 89114MU88 $ 90,000,000 11/1/2019 6/30/2020 Certificate of Deposit $ 59,000,000 (4)(6) Toronto Dominion Bank, 2.090% 89120DNH8 $ 59,000,000 11/1/2019 6/18/2020 Financial Company Commercial Paper

PCOF - 7 (2) Effective (3) Final Principal Amount (1) Security Description CUSIP Base Value/Cost Maturity Maturity Category of Investment $ 125,000,000 (6) Toronto Dominion Bank, 2.100% 89114MY92 $ 125,000,000 11/1/2019 7/7/2020 Certificate of Deposit $ 20,000,000 (6) Toronto Dominion Bank, 2.140% 89114M2U0 $ 20,000,000 11/1/2019 7/20/2020 Certificate of Deposit $ 110,000,000 (4)(6) Toronto Dominion Bank, 2.174% 89120DLN7 $ 110,000,000 11/27/2019 11/27/2019 Financial Company Commercial Paper $ 200,000,000 (4)(6) Toronto Dominion Bank, 2.233% 89120D2D0 $ 200,000,000 1/6/2020 10/5/2020 Financial Company Commercial Paper $ 60,000,000 (4)(6) Toronto Dominion Bank, 2.264% 89120DLG2 $ 60,000,000 11/13/2019 11/13/2019 Financial Company Commercial Paper $ 75,000,000 (6) Toronto Dominion Bank, 2.294% 89114N5S0 $ 75,000,000 12/30/2019 9/30/2020 Certificate of Deposit $ 50,000,000 (6) Toronto Dominion Bank, 2.359% 89114QPZ5 $ 50,017,920 11/7/2019 8/7/2020 Other Instrument $ 60,000,000 (4)(6) Toronto Dominion Bank, 2.449% 89120DKV0 $ 60,000,000 11/4/2019 11/4/2019 Financial Company Commercial Paper $ 70,000,000 (6) Toyota Motor Credit Corp.,(Toyota Motor Corp. Support Agreement), 1.972% 89233A2B4 $ 70,000,000 11/25/2019 2/18/2020 Financial Company Commercial Paper $ 100,000,000 (6) Westpac Banking Corp. Ltd., Sydney, 2.080% 96130ACT3 $ 100,000,000 11/1/2019 6/12/2020 Certificate of Deposit $ 75,000,000 (6) Westpac Banking Corp. Ltd., Sydney, 2.090% 96130ACK2 $ 75,000,000 11/1/2019 3/13/2020 Certificate of Deposit $ 100,000,000 (6) Westpac Banking Corp. Ltd., Sydney, 2.100% 96130ACA4 $ 100,000,000 11/1/2019 2/27/2020 Certificate of Deposit $ 20,000,000 (4)(6) Westpac Banking Corp. Ltd., Sydney, 2.120% 9612C4E23 $ 20,000,000 11/1/2019 2/10/2020 Financial Company Commercial Paper $ 100,000,000 (6) Westpac Banking Corp. Ltd., Sydney, 2.171% $ 99,995,890 1/15/2020 1/15/2020 Other Instrument $ 125,000,000 (4)(6) Westpac Banking Corp. Ltd., Sydney, 2.234% 9612C4B34 $ 125,000,000 11/15/2019 11/15/2019 Financial Company Commercial Paper $ 44,500,000 (4)(6) Westpac Banking Corp. Ltd., Sydney, 2.265% 9612C4C82 $ 44,500,000 1/2/2020 1/2/2020 Financial Company Commercial Paper $ 50,000,000 (4)(6) Westpac Banking Corp. Ltd., Sydney, 2.433% 9612C4A43 $ 50,000,000 11/1/2019 11/1/2019 Financial Company Commercial Paper TOTAL NOTES - VARIABLE $ 10,033,983,102 REPURCHASE AGREEMENTS - 19.0% $ 250,000,000 Citibank N.A., New York, 1.750% dated 10/31/2019 963FRP008 $ 250,000,000 11/1/2019 11/1/2019 Government Agency Repurchase Agreement $ 625,000,000 MUFG Securities Americas Inc., 1.750% dated 10/31/2019 933DPF004 $ 625,000,000 11/1/2019 11/1/2019 Government Agency Repurchase Agreement $ 500,000,000 RBC Capital Markets, LLC, 1.750% dated 10/31/2019 930LFP008 $ 500,000,000 11/1/2019 11/1/2019 Government Agency Repurchase Agreement $ 1,000,000,000 Sumitomo Mitsui Banking Corp., 1.730% dated 10/31/2019 933FRW000 $ 1,000,000,000 11/1/2019 11/1/2019 Treasury Repurchase Agreement $ 1,371,000,000 Sumitomo Mitsui Banking Corp., 1.750% dated 10/31/2019 933FRW000 $ 1,371,000,000 11/1/2019 11/1/2019 Government Agency Repurchase Agreement $ 1,930,000,000 Wells Fargo Securities LLC, 1.750% dated 10/31/2019 930NXW009 $ 1,930,000,000 11/1/2019 11/1/2019 Government Agency Repurchase Agreement TOTAL REPURCHASE AGREEMENTS $ 5,676,000,000 TIME DEPOSIT - 3.8% $ 450,000,000 Australia & New Zealand Banking Group, Melbourne, 1.880% $ 450,000,000 11/1/2019 11/1/2019 Non-Negotiable Time Deposit $ 150,000,000 Cooperatieve UA, 1.550% 74999W008 $ 150,000,000 11/1/2019 11/1/2019 Non-Negotiable Time Deposit $ 150,000,000 Credit Industriel et Commercial, 1.500% $ 150,000,000 11/1/2019 11/1/2019 Non-Negotiable Time Deposit $ 100,000,000 DNB Bank ASA, 1.510% 99DNB2013 $ 100,000,000 11/1/2019 11/1/2019 Non-Negotiable Time Deposit $ 150,000,000 Bank Abp, 1.510% $ 150,000,000 11/1/2019 11/1/2019 Non-Negotiable Time Deposit $ 150,000,000 Northern Trust Co., Chicago, IL, 1.500% 384903001 $ 150,000,000 11/1/2019 11/1/2019 Non-Negotiable Time Deposit TOTAL TIME DEPOSIT $ 1,150,000,000 TOTAL INVESTMENTS $ 30,277,274,290

(1) Includes the name of issuer and coupon or yield of the security. (2) Maturity date as determined under Rule 2a-7(d) for purposes of calculating the portfolio's Weighted Average Maturity (3) The date on which the fund has an unconditional right to payment of the full principal amount of and any remaining interest on the security. (4) Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or being able to take advantage of an exemption from registration, under the Securities Act of 1933; or (b) is subject to a contractual restriction on public sales. At October 31,2019, these restricted securities amounted to $ 9,125,321,144, which represented 30.5% of total net assets. (5) Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues. (6) Floating rate notes with current rate shown.

PCOF - 8 (2) Effective (3) Final Principal Amount (1) Security Description CUSIP Base Value/Cost Maturity Maturity Category of Investment

The categories of investments are shown as a percentage of net assets ($29,942,031,661) at the close of business on October 31,2019, and may not necessarily reflect adjustments that are routinely made when presenting net assets for formal financial statement purposes.

Where appropriate, the following acronyms may be used throughout this portfolio: CP --Commercial Paper EDA --Economic Development Authority EDC --Economic Development Commission EDFA --Economic Development Financing Authority FHLB --Federal Home Loan Bank FHLMC --Federal Home Loan Mortgage Corporation FNMA --Federal National Mortgage Association GNMA --Government National Mortgage Association GTD --Guaranteed HFA --Housing Finance Authority HFDC --Health Facility Development Corporation IDA --Industrial Development Authority IDB --Industrial Development Bond IDRB --Industrial Development Revenue Bond LLC --Limited Liability Corporation LOC --Letter of Credit LP --Limited Partnership MFH --Multi-Family Housing

You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

Portfolio holdings are shown as of the date indicated and are unaudited. Since market conditions fluctuate suddenly and frequently, the portfolio holdings may change and this list is not indicative of future portfolio composition. These portfolio holdings are not intended to be and do not constitute recommendations that others buy, sell, or hold any of the securities listed.

For more complete information on the fund, visit FederatedInvestors.com for a prospectus or a summary prospectus, if available. You should consider the fund’s investment objectives, risks, charges and expenses carefully before you invest. Information about these and other important subjects is in the fund’s prospectus or summary prospectus, which you should read carefully before investing.

PCOF - 9 (2) Effective (3) Final Principal Amount (1) Security Description CUSIP Base Value/Cost Maturity Maturity Category of Investment A money market fund rated AAAm by Standard & Poor's is granted after evaluating a number of factors, including credit quality, market price exposure, and management. Money market funds rated Aaa by Moody's are judged to be of an investment quality similar to Aaa-rated fixed income obligations, that is, they are judged to be of the best quality. Fitch's money market fund ratings are an assessment of a money market fund's capacity to preserve principal and provide liquidity through limiting credit, market and liquidity risk.Ratings are subject to change and do not remove market risk.

NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE

Federated Securities Corp., Distributor (32230) 10/31/2019

Federated is a registered mark of Federated Investors, Inc. 2019 © Federated Investors, Inc.

PCOF - 10