Florida PRIME

The Local Government Surplus Funds Trust Fund (Florida PRIME) was created by an Act of the Florida Legislature in 1977 and currently serves over 800 participants across the state of Florida. Florida PRIME invests exclusively in short-term, high-quality fixed-income securities rated in the highest short-term rating category by one or more nationally recognized statistical rating organizations, or securities of comparable quality. Since February 13, 2008, Federated Investors, Inc. has managed the assets of Florida PRIME to the exact specifications of its investment policies. Since 1955, Federated has grown to become one of the nation’s largest investment managers with $377.3 billion in assets under management. Federated has honed its disciplined investment process over a half-century to deliver style-consistent investment products, including 137 domestic and international equity, fixed-income and money market funds, as well as a variety of separately managed accounts.