Federated Prudent DollarBear Fund (A) PSAFX

Share Classes Product Type Asset Class Category
Mutual Fund Alternative and Objective-Based World Bond

The opportunity to help investors benefit from a declining dollar and rising gold prices
Whether they invest in cash, stocks or bonds, most U.S. investors hold portfolios that are primarily denominated in U.S. dollars. But in a global economy—and especially when the dollar is declining—this approach may limit or even damage performance. This fund offers investors a way to broaden their investment horizons through its strategic exposure to foreign bonds as well as gold and precious metals stocks. Seeking income and capital appreciation, the fund is designed to help investors benefit from a falling dollar and rising gold prices and can serve as a key portfolio diversification tool.

Conservatively managed approach
A significant portion of the fund’s assets are invested in foreign government securities. It does not invest in corporate/agency debt, junk bonds, derivatives or emerging market debt. Given the unprecedented U.S. financial crisis, and the political response to it, a position in high-quality foreign securities may offer investors an additional way to help manage risk. And, by keeping maturities relatively short, the fund may reduce the risk presented by rising interest rates.

Management team experienced in economic analysis and currency transactions
Bear market investing—and understanding macroeconomic trends and currency movement—requires careful monitoring and skill. The fund's co-portfolio managers average more than 20 years of experience in this complex area.


Bear Case Website


 
 
 
 
 
 
 
 
 
 
 
This fund is not a money market fund. The share performance of this fund fluctuates on a daily basis.
Bond prices are sensitive to changes in interest rates, and a rise in interest rates can cause a decline in their prices.
International investing involves special risks including currency risk, increased volatility, political risks, and differences in auditing and other financial standards.
Investments in gold and precious metals are subject to additional risks such as the possibility of substantial price fluctuations over a short period of time.
The fund is a non-diversified investment company. As such, it will likely invest in fewer securities or securities issued by fewer foreign governments than diversified investment companies, and its performance may be more volatile. If the securities in which the Federated Prudent DollarBear Fund invests perform poorly, the Federated Prudent DollarBear Fund could incur greater losses than it would have had it invested in a greater number of securities.
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.
Federated Securities Corp., Distributor
63012
Copyright © 2014 Federated Investors, Inc.

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