Federated VA Muni Cash Svc
The investment seeks to provide current income exempt from federal regular income tax and the income tax imposed by the Commonwealth of Virginia consistent with stability of principal.
The fund invests primarily in a portfolio of high-quality Virginia tax-exempt securities maturing in 397 days or less. It will invest its assets so that, normally, distributions of annual interest income are exempt from federal regular income tax and Virginia dividend and interest income tax. The fund's investment adviser may invest in securities subject to the AMT in an attempt to seek appropriate risk adjusted returns and provide diversification.