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Federated Mid-Cap Index Fund

PORTFOLIO AS OF MARCH 29, 2019 CURRENT NET ASSETS - $593,452,840 Principal Amount or Shares Value COMMON STOCKS - 95.9%1 Communication Services - 2.5% 14,222 2 AMC Networks, Inc. $807,241 1,623 Cable One, Inc. 1,592,780 23,507 2 Cars.com, Inc. 535,960 37,540 Cinemark Holdings, Inc. 1,501,225 51,364 2 Live Nation Entertainment, Inc. 3,263,668 8,570 Meredith Corp. 473,578 39,868 New York Times Co., Class A 1,309,664 77,124 Tegna, Inc. 1,087,448 30,933 Telephone and Data System, Inc. 950,571 16,605 Wiley (John) & Sons, Inc., Class A 734,273 17,961 World Wrestling Entertainment, Inc. 1,558,655 26,636 2 Yelp, Inc. 918,942 TOTAL 14,734,005 Consumer Discretionary - 11.5% 21,728 Aaron's, Inc. 1,142,893 33,566 Adient PLC 435,015 18,981 2 Adtalem Global Education, Inc. 879,200 57,672 American Eagle Outfitters, Inc. 1,278,588 10,932 2 AutoNation, Inc. 390,491 50,411 Bed Bath & Beyond, Inc. 856,483 29,097 Corp. 796,094 6,331 Brinker International, Inc. 280,970 29,570 Brunswick Corp. 1,488,258 204,681 2 Caesars Entertainment Corp. 1,778,678 16,046 Carter's, Inc. 1,617,276 15,358 Cheesecake Factory, Inc. 751,313 11,971 Churchill Downs, Inc. 1,080,502 8,184 Cracker Barrel Old Country Store, Inc. 1,322,616 51,764 Dana, Inc. 918,293 11,866 2 Deckers Outdoor Corp. 1,744,183 14,493 Delphi Technologies PLC 279,135 23,397 Dick's Sporting Goods, Inc. 861,244 7,051 Dillards, Inc., Class A 507,813 13,690 Domino's Pizza, Inc. 3,533,389 27,235 Dunkin' Brands Group, Inc. 2,045,349 20,838 2 Eldorado Resorts, Inc. 972,926 21,319 2 Five Below, Inc. 2,648,886 90,679 Gentex Corp. 1,875,242 81,960 Goodyear Tire & Rubber Co. 1,487,574 1,436 Graham Holdings Co. 981,047 11,176 2 Helen of Troy Ltd. 1,295,969 9,383 International Speedway Corp., Class A 409,380 5,081 Jack in the Box, Inc. 411,866 31,098 KB HOME 751,639 10,318 Marriott Vacations Worldwide Corp. 964,733 35,167 2 Michaels Cos, Inc. 401,607

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Principal Amount or Shares Value 9,985 2 Murphy USA, Inc. 854,916 1,174 2 NVR, Inc. 3,248,458 16,784 2 Ollie's Bargain Outlet Holding, Inc. 1,432,179 1,502 Papa Johns International, Inc. 79,531 49,025 2 , Inc. 985,403 20,099 Polaris Industries, Inc., Class A 1,696,959 13,004 Pool Corp. 2,145,270 43,959 2 Sally Beauty Holdings, Inc. 809,285 21,280 2 Scientific Games Corp. 434,538 68,660 Service Corp. International 2,756,699 27,991 Signet Jewelers Ltd. 760,236 25,340 Six Flags Entertainment Corp. 1,250,529 46,907 2 Skechers USA, Inc., Class A 1,576,544 12,608 2 Sothebys Holdings, Inc., Class A 475,952 25,996 2 TRI Pointe Group, Inc. 328,589 14,572 2 Tempur Sealy International, Inc. 840,367 27,404 Texas Roadhouse, Inc. 1,704,255 65,060 The Wendy's Co. 1,163,923 18,631 Thor Industries, Inc. 1,162,015 47,071 , Inc. 1,703,970 5,955 Tupperware Brands Corp. 152,329 27,521 2 , Inc. 815,722 10,346 2 Visteon Corp. 696,803 27,278 2 Weight Watchers International, Inc. 549,652 26,177 Williams-Sonoma, Inc. 1,472,980 33,409 Wyndham Destinations, Inc. 1,352,730 33,223 Wyndham Hotels & Resorts, Inc. 1,660,818 TOTAL 68,299,304 Consumer Staples - 2.7% 11,971 Casey's General Stores, Inc. 1,541,506 19,669 2 Edgewell Personal Care Co. 863,272 22,798 Energizer Holdings, Inc. 1,024,314 65,048 Flowers Foods, Inc. 1,386,823 17,510 2 Hain Celestial Group, Inc. 404,831 23,218 Ingredion, Inc. 2,198,513 6,248 Lancaster Colony Corp. 978,999 19,736 Nu Skin Enterprises, Inc., Class A 944,565 21,998 2 Post Holdings, Inc. 2,406,581 4,389 Sanderson Farms, Inc. 578,646 43,925 2 Sprouts Farmers Market, Inc. 946,145 2,769 2 The Boston Beer Co., Inc., Class A 816,107 8,022 Tootsie Roll Industries, Inc. 298,739 23,738 2 TreeHouse Foods, Inc. 1,532,288 TOTAL 15,921,329 Energy - 3.7% 24,852 2 Apergy Corp. 1,020,423 70,068 2 CNX Resources Corp. 754,633 39,042 2 Callon Petroleum Corp. 294,767 364,313 2 Chesapeake Energy Corp. 1,129,370 15,857 Core Laboratories NV 1,093,023 88,526 EQT Corp. 1,836,029 146,761 Ensco PLC 576,771 66,139 Equitrans Midstream Corp. 1,440,508 19,837 2 Matador Resources Co. 383,449 68,457 2 McDermott International, Inc. 509,320 53,290 Murphy Oil Corp. 1,561,397 43,233 2 Oasis Petroleum, Inc. 261,127 29,889 2 Oceaneering International, Inc. 471,350 49,435 PBF Energy, Inc. 1,539,406

MDCF-2

Principal Amount or Shares Value 74,663 Patterson-UTI Energy, Inc. 1,046,775 116,267 2 QEP Resources, Inc. 905,720 70,087 Range Resources Corp. 787,778 41,872 2 Rowan Companies PLC 451,799 38,296 SM Energy Co. 669,797 185,609 2 Southwestern Energy Co. 870,506 203,082 Transocean Ltd. 1,768,844 156,829 2 WPX Energy, Inc. 2,056,028 20,877 World Fuel Services Corp. 603,137 TOTAL 22,031,957 Financials - 15.4% 4,813 2 Alleghany Corp. 2,947,481 24,515 American Financial Group, Inc. 2,358,588 58,185 Associated Banc-Corp. 1,242,250 21,249 BancorpSouth Bank 599,647 13,284 Bank of Hawaii Corp. 1,047,709 42,814 Bank OZK 1,240,750 32,012 Berkley, W. R. Corp. 2,712,057 76,792 Brown & Brown 2,266,132 57,936 CNO Financial Group, Inc. 937,404 27,285 Cathay Bancorp, Inc. 925,234 25,527 Chemical Financial Corp. 1,050,691 32,545 , Inc. 1,889,563 21,001 Cullen Frost Bankers, Inc. 2,038,567 54,538 East West Bancorp, Inc. 2,616,188 40,435 Eaton Vance Corp. 1,629,935 14,524 Evercore, Inc., Class A 1,321,684 114,838 FNB Corp. (PA) 1,217,283 12,660 FactSet Research Systems 3,143,098 34,044 Federated Investors, Inc. 997,830 43,447 First American Financial Corp. 2,237,520 23,012 First Financial Bankshares, Inc. 1,329,633 88,873 First Horizon National Corp. 1,242,444 57,300 Fulton Financial Corp. 887,004 162,881 2 Genworth Financial, Inc., Class A 623,834 16,474 2 Green Dot Corp. 999,148 30,397 Corp. 1,228,039 16,195 Hanover Insurance Group, Inc. 1,848,983 55,638 Home Bancshares, Inc. 977,560 20,246 Group, Inc., Class A 1,050,362 17,071 International Bancshares Corp. 649,210 58,277 Janus Henderson Group PLC 1,455,759 17,109 Kemper Corp. 1,302,679 30,992 Legg Mason, Inc. 848,251 1,679 2 LendingTree, Inc. 590,269 11,558 Marketaxess Holdings, Inc. 2,844,193 8,080 Mercury General Corp. 404,566 97,719 Corp. 1,130,609 163,212 New York Community Bancorp, Inc. 1,888,363 93,815 Old Republic International Corp. 1,962,610 48,123 PacWest Bancorp 1,809,906 25,690 Pinnacle Financial Partners, Inc. 1,405,243 13,982 Primerica, Inc. 1,707,901 21,728 Prosperity Bancshares, Inc. 1,500,536 21,697 Reinsurance Group of America 3,080,540 12,378 RenaissanceRe Holdings Ltd. 1,776,243 44,886 SEI Investments Co. 2,345,293 153,533 SLM Corp. 1,521,512 18,957 2,427,823

MDCF-3

Principal Amount or Shares Value 75,022 Sterling Bancorp 1,397,660 25,405 Stifel Financial Corp. 1,340,368 61,290 Synovus Financial Corp. 2,105,924 68,498 TCF Financial Corp. 1,417,224 18,006 2 Texas Capital Bancshares, Inc. 982,948 13,893 Trustmark Corp. 467,222 14,321 UMB Financial Corp. 917,117 90,711 Umpqua Holdings Corp. 1,496,731 33,116 United Bankshares, Inc. 1,200,124 85,027 Valley National Bancorp 814,559 29,395 , Inc. 849,222 30,282 Webster Financial Corp. Waterbury 1,534,389 23,073 Corp. 1,553,505 TOTAL 91,335,117 Health Care - 9.3% 20,736 2 Acadia Healthcare Co., Inc. 607,772 63,532 2 Allscripts Healthcare Solutions, Inc. 606,095 12,153 2 Amedisys, Inc. 1,497,979 9,480 2 Avanos Medical, Inc. 404,606 7,011 2 Bio-Rad Laboratories, Inc., Class A 2,143,123 12,517 Bio-Techne Corp. 2,485,250 8,081 Cantel Medical Corp. 540,538 48,680 2 Catalent, Inc. 1,975,921 15,954 2 Charles River Laboratories International, Inc. 2,317,319 6,275 Chemed Corp. 2,008,439 32,744 2 Covetrus, Inc. 1,042,896 33,693 Encompass Health Corp. 1,967,671 103,284 2 Exelixis, Inc. 2,458,159 26,820 2 , Inc. 1,325,176 16,646 2 Haemonetics Corp. 1,456,192 17,715 2 HealthEquity, Inc. 1,310,556 22,068 Hill-Rom Holdings, Inc. 2,336,119 5,476 2 ICU Medical, Inc. 1,310,571 6,654 2 Inogen, Inc. 634,592 23,557 2 Integra Lifesciences Corp. 1,312,596 7,413 2 Ligand Pharmaceuticals, Inc., Class B 931,888 16,428 2 Livanova PLC 1,597,623 31,671 2 MEDNAX, Inc. 860,501 41,203 2 Mallinckrodt PLC 895,753 18,715 2 Masimo Corp. 2,587,910 20,365 2 Medidata Solutions, Inc. 1,491,533 20,779 2 Molina Healthcare, Inc. 2,949,787 16,486 2 NuVasive, Inc. 936,240 22,731 2 PRA Health Sciences, Inc. 2,507,002 15,361 Patterson Cos., Inc. 335,638 7,468 2 Prestige Consumer Healthcare, Inc. 223,368 28,229 STERIS PLC 3,614,159 20,415 2 Syneos Health, Inc. 1,056,680 37,596 2 Tenet Healthcare Corp. 1,084,269 12,407 2 United Therapeutics Corp. 1,456,210 24,626 West Pharmaceutical Services, Inc. 2,713,785 TOTAL 54,983,916 Industrials - 14.7% 54,810 2 AECOM 1,626,213 20,939 AGCO Corp. 1,456,307 18,734 2 ASGN, Inc. 1,189,422 13,961 Acuity Brands, Inc. 1,675,460 23,218 2 Avis Budget Group, Inc. 809,380 20,496 Brinks Co. (The) 1,545,603

MDCF-4

Principal Amount or Shares Value 21,720 Carlisle Cos., Inc. 2,663,306 16,421 2 Clean Harbors, Inc. 1,174,594 34,244 2 Colfax Corp. 1,016,362 17,916 Crane Co. 1,516,052 15,006 Curtiss Wright Corp. 1,700,780 16,144 Deluxe Corp. 705,816 42,212 Donaldson Co., Inc. 2,113,133 11,818 2 Dycom Industries, Inc. 542,919 19,777 Emcor Group, Inc. 1,445,303 14,344 EnerSys, Inc. 934,655 8,652 GATX Corp. 660,753 18,423 2 Genesee & Wyoming, Inc., Class A 1,605,380 54,880 Graco, Inc. 2,717,658 9,696 Granite Construction, Inc. 418,382 22,268 HNI Corp. 808,106 15,928 Healthcare Services Group, Inc. 525,465 18,985 Hubbell, Inc. 2,239,850 25,319 IDEX Corp. 3,841,905 34,609 ITT Corp. 2,007,322 12,179 Insperity, Inc. 1,506,055 107,354 2 Jet Blue Airways Corp. 1,756,311 32,839 KBR, Inc. 626,897 29,454 Kennametal, Inc. 1,082,435 18,688 2 Kirby Corp. 1,403,656 34,097 Knight-Swift Transportation Holdings, Inc. 1,114,290 13,095 Landstar System, Inc. 1,432,462 13,312 Lennox International, Inc. 3,519,693 20,775 Lincoln Electric Holdings 1,742,399 11,332 MSA Safety, Inc. 1,171,729 16,003 MSC Industrial Direct Co. 1,323,608 21,154 Manpower, Inc. 1,749,224 14,884 2 Mastec, Inc. 715,920 20,176 Miller Herman, Inc. 709,792 17,065 Nordson Corp. 2,261,454 32,747 2 Now, Inc. 457,148 54,292 nVent Electric PLC 1,464,798 23,936 Old Dominion Freight Lines, Inc. 3,456,119 24,195 OshKosh Truck Corp. 1,817,770 72,131 Pitney Bowes, Inc. 495,540 17,983 Regal Beloit Corp. 1,472,268 44,562 2 Resideo Technologies, Inc. 859,601 13,401 Ryder System, Inc. 830,728 23,157 2 Stericycle, Inc. 1,260,204 13,527 2 Teledyne Technologies, Inc. 3,206,034 12,382 Terex Corp. 397,834 24,436 Timken Co. 1,065,898 35,155 Toro Co. 2,420,070 19,959 2 Trex Co., Inc. 1,227,878 32,735 Trinity Industries, Inc. 711,332 7,866 Valmont Industries, Inc. 1,023,367 8,883 Watsco, Inc. 1,272,134 16,261 Werner Enterprises, Inc. 555,313 21,925 Woodward, Inc. 2,080,463 38,164 2 XPO Logistics, Inc. 2,050,933 TOTAL 87,181,483 Information Technology - 15.5% 37,688 2 ACI Worldwide, Inc. 1,238,805 64,455 2 Arris International PLC 2,037,423 28,542 2 Arrow Electronics, Inc. 2,199,446

MDCF-5

Principal Amount or Shares Value 35,472 Avnet, Inc. 1,538,421 8,459 Belden, Inc. 454,248 12,812 Blackbaud, Inc. 1,021,501 8,127 2 CACI International, Inc., Class A 1,479,276 43,286 CDK Global, Inc. 2,546,082 47,339 2 Ciena Corp. 1,767,638 20,318 2 Cirrus Logic, Inc. 854,778 57,704 Cognex Corp. 2,934,825 6,157 2 Coherent, Inc. 872,570 17,429 2 Commvault Systems, Inc. 1,128,353 28,696 2 CoreLogic, Inc. 1,069,213 40,299 2 Cree, Inc. 2,305,909 126,845 Cypress Semiconductor Corp. 1,892,527 10,944 2 Fair Isaac & Co., Inc. 2,972,719 20,409 2 First Solar, Inc. 1,078,412 49,636 2 Integrated Device Technology, Inc. 2,431,668 11,813 InterDigital, Inc. 779,422 15,044 j2 Global, Inc. 1,302,810 45,683 Jabil, Inc. 1,214,711 49,292 Leidos Holdings, Inc. 3,159,124 8,222 Littelfuse, Inc. 1,500,351 18,497 2 LiveRamp Holdings, Inc. 1,009,381 17,941 LogMeIn, Inc. 1,437,074 26,633 2 Lumentum Holdings, Inc. 1,505,830 14,862 MKS Instruments, Inc. 1,382,909 21,024 2 Manhattan Associates, Inc. 1,158,633 20,839 Maximus, Inc. 1,479,152 12,980 Monolithic Power Systems 1,758,660 41,817 2 NCR Corp. 1,141,186 36,866 National Instruments Corp. 1,635,376 22,885 2 NetScout Systems, Inc. 642,382 35,592 2 PTC, Inc. 3,280,871 33,867 Perspecta, Inc. 684,791 16,978 Plantronics, Inc. 782,856 96,041 Sabre Corp. 2,054,317 13,367 Science Applications International Corp. 1,028,591 14,728 2 Silicon Laboratories, Inc. 1,190,906 11,624 2 Synaptics, Inc. 462,054 11,061 Synnex Corp. 1,055,109 15,437 2 Tech Data Corp. 1,580,903 38,602 2 Teradata Corp. 1,684,977 60,331 Teradyne, Inc. 2,403,587 84,103 2 Trimble, Inc. 3,397,761 14,393 2 Tyler Technologies, Inc. 2,941,929 11,598 2 Ultimate Software Group, Inc. 3,828,848 14,064 Universal Display Corp. 2,149,682 35,860 Versum Materials, Inc. 1,804,117 15,566 2 ViaSat, Inc. 1,206,365 41,984 , Inc. 775,444 14,304 2 WEX, Inc. 2,746,225 19,603 2 Zebra Technologies Corp., Class A 4,107,417 TOTAL 92,097,565 Materials - 6.6% 43,040 2 Allegheny Technologies, Inc. 1,100,533 20,792 Aptargroup, Inc. 2,212,061 20,518 Holdings, Inc. 1,603,071 36,303 Bemis Co., Inc. 2,014,090 21,509 Cabot Corp. 895,420 17,330 Carpenter Technology Corp. 794,581

MDCF-6

Principal Amount or Shares Value 58,121 Co./The 2,159,776 21,947 Commercial Metals Corp. 374,855 5,998 Compass Minerals International, Inc. 326,111 27,010 Domtar, Corp. 1,341,047 11,610 Eagle Materials, Inc. 978,723 10,280 Greif, Inc., Class A 424,050 13,571 2 Ingevity Corp. 1,433,233 34,330 Louisiana-Pacific Corp. 836,965 12,925 Minerals Technologies, Inc. 759,861 2,828 Newmarket Corp. 1,226,108 58,349 Olin Corp. 1,350,196 54,985 2 Owens-, Inc. 1,043,615 28,238 Polyone Corp. 827,656 43,656 RPM International, Inc. 2,533,794 23,400 Reliance Steel & Aluminum Co. 2,112,084 25,363 Royal Gold, Inc. 2,306,258 13,659 Scotts Miracle-Gro Co. 1,073,324 10,053 Sensient Technologies Corp. 681,493 36,055 Silgan Holdings, Inc. 1,068,310 38,673 Sonoco Products Co. 2,379,550 79,469 Steel Dynamics, Inc. 2,802,872 44,423 Steel Corp. 865,804 66,974 Valvoline, Inc. 1,243,037 14,867 Worthington Industries, Inc. 554,836 TOTAL 39,323,314 Real Estate - 9.6% 10,825 2 Alexander and Baldwin, Inc. 275,388 45,271 American Campus Communities, Inc. 2,153,994 104,504 Brixmor Property Group, Inc. 1,919,738 35,570 Camden Property Trust 3,610,355 43,204 CoreCivic, Inc. 840,318 12,339 Coresite Realty Corp. 1,320,520 39,492 Corporate Office Properties Trust 1,078,132 171,174 Cousins Properties, Inc. 1,653,541 36,994 Cyrusone, Inc. 1,939,965 53,468 Douglas Emmett, Inc. 2,161,177 29,152 EPR PPTYS 2,241,789 41,311 First Industrial Realty Trust 1,460,757 43,861 Geo Group, Inc. 842,131 40,717 Healthcare Realty Trust, Inc. 1,307,423 41,294 Highwoods Properties, Inc. 1,931,733 66,515 Hospitality Properties Trust 1,750,010 36,041 JBG Smith Properties 1,490,295 15,806 Jones Lang LaSalle, Inc. 2,436,969 33,492 Kilroy Realty Corp. 2,544,052 28,160 Lamar Advertising Co. 2,231,962 49,015 2,373,306 15,232 Life Storage, Inc. 1,481,617 27,967 Mack-Cali Realty Corp. 620,867 113,902 Medical PPTYS Trust, Inc. 2,108,326 60,119 National Properties, Inc. 3,329,991 67,721 Omega Healthcare Investors 2,583,556 35,427 Pebblebrook Hotel Trust 1,100,363 15,356 PotlatchDeltic Corp. 580,303 45,837 Rayonier, Inc. 1,444,782 43,269 Realogy Hldgs. Corp. 493,267 63,563 Sabra Health Care REIT, Inc. 1,237,572 57,700 Senior Housing Properties Trust 679,706 34,587 Tanger Factory Outlet Centers, Inc. 725,635

MDCF-7

Principal Amount or Shares Value 15,259 , Inc. 806,896 66,758 Uniti Group, Inc. 747,022 41,795 Urban Edge Properties 794,105 30,446 Weingarten Realty Investors 894,199 TOTAL 57,191,762 Utilities - 4.4% 17,448 Allete, Inc. 1,434,749 52,430 Aqua America, Inc. 1,910,549 17,536 Black Hills Corp. 1,298,892 38,356 Hawaiian Electric Industries, Inc. 1,563,774 16,517 Idacorp, Inc. 1,644,102 68,713 MDU Resources Group, Inc. 1,774,857 28,410 National Fuel Gas Co. 1,731,874 24,408 New Jersey Resources Corp. 1,215,274 16,269 Northwestern Corp. 1,145,500 74,358 OGE Energy Corp. 3,206,317 17,191 ONE Gas, Inc. 1,530,515 25,798 PNM Resources, Inc. 1,221,277 17,318 Southwest Gas Holdings, Inc. 1,424,579 17,169 Spire, Inc. 1,412,837 64,133 UGI Corp. 3,554,251 TOTAL 26,069,347 TOTAL COMMON STOCKS 569,169,099 INVESTMENT COMPANY - 4.0% 23,942,221 Federated Institutional Prime Value Obligations Fund, Institutional Shares, 2.53%3 23,947,010 TOTAL INVESTMENT IN SECURITIES $593,116,109

At March 29, 2019, the Fund had the following outstanding futures contracts: Value and Number of Unrealized Description Contracts Notional Value Expiration Date Appreciation 2S&P MidCap 400 E-Mini Index Long Futures 141 $26,804,100 June 2019 $189,780

1 The Fund purchases index futures contracts to efficiently manage cash flows resulting from shareholder purchases and redemptions, dividend and capital gain payments to shareholders and corporate actions while maintaining exposure to the S&P MidCap 400 Index and minimizing trading costs. The underlying face amount, at value, of open index futures contracts is $26,804,100 at March 29, 2019, which represents 4.5% of total net assets. Taking into consideration these open index futures contracts, the Fund's effective total exposure to the S&P MidCap 400 Index is 100.4%. 2 Non-income-producing security. 3 7-day net yield.

Note: The categories of investments are shown as a percentage of net assets $593,452,840 at the close of business on March 29, 2019, and may not necessarily reflect adjustments that are routinely made when presenting net assets for formal financial statement purposes. The following acronym is used throughout this portfolio: REIT --Real Estate Investment Trust

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.

MDCF-8

For more complete information on the fund, visit www.FederatedInvestors.com for a prospectus or a summary prospectus. 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.

NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE Federated Securities Corp., Distributor (32209) 3/29/2019

MDCF-9