The organization normally associated with a mutual fund responsible for the sale or repurchase of fund shares either through the broker/dealer community or directly to the public. The distributor of all Federated funds is Federated Securities Corp., Pittsburgh, PA.

The organization arranging for the sale of fund shares either directly to the public or through intermediaries, such as financial advisers.

An individual or a corporation serving as principal underwriter of a mutual fund's shares, buying shares directly from the fund, and reselling them to other investors.

The legal entity that distributes the shares of a mutual fund.

An organization associated with a mutual fund company that is responsible for the sale of Fund shares to the public through broker/dealers.