John W. McGonigle, Esquire
Federated Investors, Inc.
There were no matters relating to a portfolio security considered at any shareholder meeting held during the period covered by this report and with respect to which the above-named funds were entitled to vote.
| Federated Managed Volatility Strategy Portfolio | | | | | | | | | | | | |
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| IssuerName | Country | Meeting Date | Meeting Type | Ticker | SecurityID | Symbol Type | ProposalText | Proponent | Mgmt Reco | Vote Cast | FundName | LogicalBallotStatus |
| Apple Inc | United States | 3/10/2015 | Annual | AAPL | 037833100 | CUSIP | Elect Timothy D. Cook | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Apple Inc | United States | 3/10/2015 | Annual | AAPL | 037833100 | CUSIP | Elect Albert A. Gore, Jr. | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Apple Inc | United States | 3/10/2015 | Annual | AAPL | 037833100 | CUSIP | Elect Robert A. Iger | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Apple Inc | United States | 3/10/2015 | Annual | AAPL | 037833100 | CUSIP | Elect Andrea Jung | Mgmt | For | Against | Federated Managed Volatility Strategy Portfolio | Voted |
| Apple Inc | United States | 3/10/2015 | Annual | AAPL | 037833100 | CUSIP | Elect Arthur D. Levinson | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Apple Inc | United States | 3/10/2015 | Annual | AAPL | 037833100 | CUSIP | Elect Ronald D. Sugar | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Apple Inc | United States | 3/10/2015 | Annual | AAPL | 037833100 | CUSIP | Elect Sue Wagner | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Apple Inc | United States | 3/10/2015 | Annual | AAPL | 037833100 | CUSIP | Ratification of Auditor | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Apple Inc | United States | 3/10/2015 | Annual | AAPL | 037833100 | CUSIP | Advisory Vote on Executive Compensation | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Apple Inc | United States | 3/10/2015 | Annual | AAPL | 037833100 | CUSIP | Amendment to the Employee Stock Purchase Plan | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Apple Inc | United States | 3/10/2015 | Annual | AAPL | 037833100 | CUSIP | Shareholder Proposal Regarding Renewable Energy and Climate Change Policy Risk | ShrHoldr | Against | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Apple Inc | United States | 3/10/2015 | Annual | AAPL | 037833100 | CUSIP | Shareholder Proposal Regarding Proxy Access | ShrHoldr | Against | Against | Federated Managed Volatility Strategy Portfolio | Voted |
| Brocade Communications Systems, Inc. | United States | 4/7/2015 | Annual | BRCD | 111621306 | CUSIP | Elect Judy Bruner | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Brocade Communications Systems, Inc. | United States | 4/7/2015 | Annual | BRCD | 111621306 | CUSIP | Elect Lloyd Carney | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Brocade Communications Systems, Inc. | United States | 4/7/2015 | Annual | BRCD | 111621306 | CUSIP | Elect Renato A. DiPentima | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Brocade Communications Systems, Inc. | United States | 4/7/2015 | Annual | BRCD | 111621306 | CUSIP | Elect Alan L. Earhart | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Brocade Communications Systems, Inc. | United States | 4/7/2015 | Annual | BRCD | 111621306 | CUSIP | Elect John W. Gerdelman | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Brocade Communications Systems, Inc. | United States | 4/7/2015 | Annual | BRCD | 111621306 | CUSIP | Elect David L. House | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Brocade Communications Systems, Inc. | United States | 4/7/2015 | Annual | BRCD | 111621306 | CUSIP | Elect L. William Krause | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Brocade Communications Systems, Inc. | United States | 4/7/2015 | Annual | BRCD | 111621306 | CUSIP | Elect David E. Roberson | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Brocade Communications Systems, Inc. | United States | 4/7/2015 | Annual | BRCD | 111621306 | CUSIP | Elect Sanjay Vaswani | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Brocade Communications Systems, Inc. | United States | 4/7/2015 | Annual | BRCD | 111621306 | CUSIP | Advisory Vote on Executive Compensation | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Brocade Communications Systems, Inc. | United States | 4/7/2015 | Annual | BRCD | 111621306 | CUSIP | Amendment to the 2009 Stock Plan | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Brocade Communications Systems, Inc. | United States | 4/7/2015 | Annual | BRCD | 111621306 | CUSIP | Amendment to the 2009 Director Plan | Mgmt | For | Against | Federated Managed Volatility Strategy Portfolio | Voted |
| Brocade Communications Systems, Inc. | United States | 4/7/2015 | Annual | BRCD | 111621306 | CUSIP | Ratification of Auditor | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Brocade Communications Systems, Inc. | United States | 4/7/2015 | Annual | BRCD | 111621306 | CUSIP | Shareholder Proposal Regarding Recoupment of Unearned Bonuses | ShrHoldr | Against | Against | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Elect Richard H. Anderson | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Elect Edward H. Bastian | Mgmt | For | Against | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Elect Francis S. Blake | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Elect Roy J. Bostock | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Elect John S. Brinzo | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Elect Daniel A. Carp | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Elect David G. DeWalt | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Elect Thomas E. Donilon | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Elect William H. Easter III | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Elect Mickey P. Foret | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Elect Shirley C. Franklin | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Elect David R. Goode | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Elect George N. Mattson | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Elect Douglas R Ralph | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Elect Sérgio Agapito Lires Rial | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Elect Kenneth B. Woodrow | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Advisory Vote on Executive Compensation | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Ratification of Auditor | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Delta Air Lines, Inc. | United States | 6/25/2015 | Annual | DALRQ | 247361702 | CUSIP | Shareholder Proposal Regarding Retention of Shares Until Retirement | ShrHoldr | Against | Against | Federated Managed Volatility Strategy Portfolio | Voted |
| Motorola Solutions Inc | United States | 5/18/2015 | Annual | MOT | 620076307 | CUSIP | Elect Gregory Q. Brown | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Motorola Solutions Inc | United States | 5/18/2015 | Annual | MOT | 620076307 | CUSIP | Elect Kenneth C. Dahlberg | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Motorola Solutions Inc | United States | 5/18/2015 | Annual | MOT | 620076307 | CUSIP | Elect Michael V. Hayden | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Motorola Solutions Inc | United States | 5/18/2015 | Annual | MOT | 620076307 | CUSIP | Elect Clayton M. Jones | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Motorola Solutions Inc | United States | 5/18/2015 | Annual | MOT | 620076307 | CUSIP | Elect Judy C. Lewent | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Motorola Solutions Inc | United States | 5/18/2015 | Annual | MOT | 620076307 | CUSIP | Elect Anne R. Pramaggiore | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Motorola Solutions Inc | United States | 5/18/2015 | Annual | MOT | 620076307 | CUSIP | Elect Samuel C. Scott III | Mgmt | For | Against | Federated Managed Volatility Strategy Portfolio | Voted |
| Motorola Solutions Inc | United States | 5/18/2015 | Annual | MOT | 620076307 | CUSIP | Elect Bradley E. Singer | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Motorola Solutions Inc | United States | 5/18/2015 | Annual | MOT | 620076307 | CUSIP | Advisory Vote on Executive Compensation | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Motorola Solutions Inc | United States | 5/18/2015 | Annual | MOT | 620076307 | CUSIP | Amendment to Omnibus Incentive Plan | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Motorola Solutions Inc | United States | 5/18/2015 | Annual | MOT | 620076307 | CUSIP | Employee Stock Option Plan | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Motorola Solutions Inc | United States | 5/18/2015 | Annual | MOT | 620076307 | CUSIP | Ratification of Auditor | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Motorola Solutions Inc | United States | 5/18/2015 | Annual | MOT | 620076307 | CUSIP | Shareholder Proposal Regarding Lobbying Report | ShrHoldr | Against | Against | Federated Managed Volatility Strategy Portfolio | Voted |
| Newmont Mining Corp. | United States | 4/22/2015 | Annual | NEM | 651639106 | CUSIP | Elect Bruce R. Brook | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Newmont Mining Corp. | United States | 4/22/2015 | Annual | NEM | 651639106 | CUSIP | Elect J. Kofi Bucknor | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Newmont Mining Corp. | United States | 4/22/2015 | Annual | NEM | 651639106 | CUSIP | Elect Vincent A. Calarco | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Newmont Mining Corp. | United States | 4/22/2015 | Annual | NEM | 651639106 | CUSIP | Elect Alberto Calderon | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Newmont Mining Corp. | United States | 4/22/2015 | Annual | NEM | 651639106 | CUSIP | Elect Joseph A. Carrabba | Mgmt | For | Against | Federated Managed Volatility Strategy Portfolio | Voted |
| Newmont Mining Corp. | United States | 4/22/2015 | Annual | NEM | 651639106 | CUSIP | Elect Noreen Doyle | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Newmont Mining Corp. | United States | 4/22/2015 | Annual | NEM | 651639106 | CUSIP | Elect Gary J. Goldberg | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Newmont Mining Corp. | United States | 4/22/2015 | Annual | NEM | 651639106 | CUSIP | Elect Veronica M. Hagen | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Newmont Mining Corp. | United States | 4/22/2015 | Annual | NEM | 651639106 | CUSIP | Elect Jane Nelson | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Newmont Mining Corp. | United States | 4/22/2015 | Annual | NEM | 651639106 | CUSIP | Ratification of Auditor | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Newmont Mining Corp. | United States | 4/22/2015 | Annual | NEM | 651639106 | CUSIP | Advisory Vote on Executive Compensation | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| United States Steel Corp. | United States | 4/28/2015 | Annual | X | 912909108 | CUSIP | Elect Patricia Diaz Dennis | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| United States Steel Corp. | United States | 4/28/2015 | Annual | X | 912909108 | CUSIP | Elect Mario Longhi | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| United States Steel Corp. | United States | 4/28/2015 | Annual | X | 912909108 | CUSIP | Elect Robert J. Stevens | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| United States Steel Corp. | United States | 4/28/2015 | Annual | X | 912909108 | CUSIP | Elect David S. Sutherland | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| United States Steel Corp. | United States | 4/28/2015 | Annual | X | 912909108 | CUSIP | Advisory Vote on Executive Compensation | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| United States Steel Corp. | United States | 4/28/2015 | Annual | X | 912909108 | CUSIP | Re-approval of Annual Incentive Compensation Plan | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| United States Steel Corp. | United States | 4/28/2015 | Annual | X | 912909108 | CUSIP | Ratification of Auditor | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Valero Energy Corp. | United States | 4/30/2015 | Annual | VLO | 91913Y100 | CUSIP | Elect Jerry D. Choate | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Valero Energy Corp. | United States | 4/30/2015 | Annual | VLO | 91913Y100 | CUSIP | Elect Joseph W Gorder | Mgmt | For | Against | Federated Managed Volatility Strategy Portfolio | Voted |
| Valero Energy Corp. | United States | 4/30/2015 | Annual | VLO | 91913Y100 | CUSIP | Elect Deborah P. Majoras | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Valero Energy Corp. | United States | 4/30/2015 | Annual | VLO | 91913Y100 | CUSIP | Elect Donald L. Nickles | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Valero Energy Corp. | United States | 4/30/2015 | Annual | VLO | 91913Y100 | CUSIP | Elect Philip J. Pfeiffer | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Valero Energy Corp. | United States | 4/30/2015 | Annual | VLO | 91913Y100 | CUSIP | Elect Robert A. Profusek | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Valero Energy Corp. | United States | 4/30/2015 | Annual | VLO | 91913Y100 | CUSIP | Elect Susan K. Purcell | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Valero Energy Corp. | United States | 4/30/2015 | Annual | VLO | 91913Y100 | CUSIP | Elect Stephen M. Waters | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Valero Energy Corp. | United States | 4/30/2015 | Annual | VLO | 91913Y100 | CUSIP | Elect Randall J. Weisenburger | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Valero Energy Corp. | United States | 4/30/2015 | Annual | VLO | 91913Y100 | CUSIP | Elect Rayford Wilkins Jr. | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Valero Energy Corp. | United States | 4/30/2015 | Annual | VLO | 91913Y100 | CUSIP | Ratification of Auditor | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Valero Energy Corp. | United States | 4/30/2015 | Annual | VLO | 91913Y100 | CUSIP | Advisory Vote on Executive Compensation | Mgmt | For | For | Federated Managed Volatility Strategy Portfolio | Voted |
| Valero Energy Corp. | United States | 4/30/2015 | Annual | VLO | 91913Y100 | CUSIP | Shareholder Proposal Regarding Greenhouse Gas Emissions Reporting and Reduction Targets | ShrHoldr | Against | Against | Federated Managed Volatility Strategy Portfolio | Voted |
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
