Investors should carefully consider the fund's investment objectives, risks, charges and expenses before investing. To obtain a summary prospectus or prospectus containing this and other information, contact us or view the prospectus provided on this website. Please carefully read the summary prospectus or prospectus before investing.
Past performance is no guarantee of future results.
Mutual funds are subject to risks and fluctuate in value.
Diversification does not assure a profit nor protect against loss.
Bond prices are sensitive to changes in interest rates, and a rise in interest rates can cause a decline in their prices.
There are no guarantees that dividend-paying stocks will continue to pay dividends.
Federated Securities Corp., Distributor
111699
Copyright © 2014 Federated Investors, Inc.

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