JOINT
INSUREDS AGREEMENT
Cash
Trust Series, Inc.; Cash Trust Series II; Edward Jones Money Market Fund;
Federated American Leaders Fund, Inc.; Federated Adjustable Rate Securities
Fund; Federated Core Trust; Federated Core Trust II, L.P.: Federated Equity
Funds; Federated Equity Income Fund, Inc.; Federated Fixed Income Securities,
Inc.; Federated GNMA Trust; Federated Government Income Securities, Inc.;
Federated High Income Bond Fund, Inc.; Federated High Yield Trust; Federated
Income Securities Trust; Federated Income Trust; Federated Index Trust;
Federated Institutional Trust; Federated Insurance Series; Federated
Intermediate Government Fund, Inc.; Federated International Series, Inc.;
Federated Investment Series Funds, Inc.; Federated Managed Allocation
Portfolios; Federated Managed Pool Series; Federated MDT Series; Federated
Municipal Securities Fund, Inc.; Federated Municipal Securities Income Trust;
Federated Premier Intermediate Municipal Income Fund; Federated Premier
Municipal Income Fund; Federated Short-Intermediate Duration Municipal Trust;
Federated Stock and Bond Fund, Inc.; Federated Stock Trust; Federated Total
Return Series, Inc.; Federated Total Return Government Bond Fund; Federated U.S.
Government Bond Fund; Federated U.S. Government Securities Fund: 1-3 Years;
Federated U.S. Government Securities Fund: 2-5 Years; Federated World Investment
Series, Inc.; Intermediate Municipal Trust; Money Market Obligations Trust;
(hereinafter referred to as the “Parties”) do hereby enter into this Agreement
to be effective December 3, 2007, and agree as follows:
W I T N E
S E TH :
WHEREAS, the Parties have procured a
joint insured fidelity bond program from Federal Insurance Company, Great
American Insurance Company, National Union Fire Insurance Company of Pittsburgh,
PA and St. Paul Mercury Insurance Company, which the parties have approved in
form and amount (hereinafter referred to as “the Bond”);
WHEREAS, the Parties have determined
that separate fidelity bond insurance should be arranged for Capital
Preservation Fund, Federated International Funds, PLC, Federated Strategic
Investment Series Fund, L.P. and Federated Unit Trust, these entities have been
removed from this Agreement;
WHEREAS, the Parties procured the Bond
for the purpose of protecting their respective assets against events of loss,
theft or misappropriation by their respective officers and employees;
and
WHEREAS, the Parties hereto desire to
enter into an agreement so as to be in compliance with 17 CFR
270.17g-1(f).
NOW THEREFORE, the Parties hereto,
intending to be legally bound hereby, agree as follows:
1. In
the event recovery is received under the Bond as a result of a loss sustained by
any registered management investment company that is named in the Bond and one
or more of the other Parties to the Bond, the registered investment company
shall receive an equitable and proportionate share of the recovery, at least
equal to the amount which it would have received had it provided and maintained
a single insured bond with the minimum coverage as provided, by 17 CFR
270.17g-1(d)(1).
2. Registered
management investment companies, collective investment funds, and investment
companies exempt from registration under the Investment Company Act of 1940, or
series thereof, which become effective in the future, and future established
series of registered management investment companies, collective investment
funds, or investment companies exempt from registration under the Investment
Company Act of 1940, which are currently Parties, are hereafter referred to as
"Future Funds". Such Future Funds which are advised and/or
distributed and/or administered by companies which are subsidiaries or
affiliates of Federated Investors, Inc. may undertake action to become parties
to the Bond by executing a counterpart signature page to this
Agreement.
3. This
Agreement may be amended or modified by a written agreement executed by the
Parties.
4. This
Agreement shall be construed and the provisions thereof interpreted in
accordance with the laws of Pennsylvania.
5. This
Agreement constitutes the entire agreement among the parties hereto and
supersedes any prior agreement with respect to the subject hereof, whether oral
or written, among any or all of the parties.
IN WITNESS WHEREOF, the Parties hereto
have caused this Agreement to be executed in their names and on their behalf
under their seals by and through their duly authorized officers, as of the day
and year first above written.
Cash Trust Series, Inc.
Cash Trust Series II
Edward Jones Money Market
Fund
Federated American Leaders Fund,
Inc.
Federated Adjustable Rate Securities
Fund
Federated Core Trust
Federated Core Trust II,
L.P.
Federated Equity Funds
Federated Equity Income Fund,
Inc.
Federated Fixed Income Securities,
Inc.
Federated GNMA Trust
Federated Government Income
Securities, Inc.
Federated High Income Bond Fund,
Inc.
Federated High Yield
Trust
Federated Income Securities
Trust
Federated Income Trust
Federated Index Trust
Federated Institutional
Trust
Federated Insurance
Series
Federated Intermediate Government
Fund, Inc.
Federated International Series,
Inc.
Federated Investment Series Funds,
Inc.
Federated Managed Allocation
Portfolios
Federated Managed Pool
Series
Federated MDT Series
Federated Municipal Securities Fund,
Inc.
Federated Municipal Securities Income
Trust
Federated Premier Intermediate
Municipal Income Fund
Federated Premier Municipal Income
Fund
Federated Short-Intermediate Duration
Municipal Trust
Federated Stock and Bond Fund,
Inc.
Federated Stock Trust
Federated Total Return Series,
Inc.
Federated Total Return Government Bond
Fund
Federated U.S. Government Bond
Fund
Federated U.S. Government Securities
Fund: 1-3 Years
Federated U.S. Government Securities
Fund: 2-5 Years
Federated World Investment Series,
Inc.
Intermediate Municipal
Trust
Money Market Obligations
Trust
/s/ John W.
McGonigle
John W. McGonigle,
Secretary
Federated
Joint Insured’s Agreement
Amendment
#1
Dated
September 30,
2008
The
entities designated below require that the Joint Insured’s Agreement filed with
the Securities and Exchange Commission on December 3, 2007 be amended as
follows:
Entity
Name Effective
Date
CHANGE
Federated Stock & Bond Fund, Inc.
to 9/5/2008
Federated Stock & Bond
Fund
/s/ John W.
McGonigle
John W.
McGonigle, Secretary