Ochson joined Federated in 1982 as an analyst and has 18 years of experience. She is head of the municipal department responsible for both municipal bond funds and municipal money market funds. A chartered financial analyst, Ochson earned her B.S from Pennsylvania State University and her M.B.A from the University of Pittsburgh. Based on assets under management in open-end funds. Unlike a money market fund, this fund's share price will fluctuate and, upon redemption, may be worth more or less than the original cost.
Duration is a measure of a security's price sensitivity to changes in interest rates.
Securities with longer durations are more sensitive to changes in interest rates than securities of shorter durations.