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Federated Strategic Income Fund (A) STIAX

Share Classes Product Type Asset Class Category
Mutual Fund Fixed Income Multisector Bond
Overview Benefits Portfolio
Characteristics Performance Hypothetical Commentary Literature
and Prospectuses Distributions
and Tax Info
As of 01-31-2014

Highlights

  • Pursues a high level of current income.
  • Invests in a strategic mix of bond sectors: U.S. high-yield, U.S. high-quality (government and corporate) and international (emerging and developed).
  • Limits allocation of any one sector to 60%.
  • Focuses on sectors management believes will benefit from anticipated changes in economic and market conditions.
  • Serves as a core yield-driven, multisector bond holding.

Key Investment Team

Mark E. Durbiano, CFA
Todd A. Abraham, CFA
Ihab L. Salib
Christopher P. McGinley
B. Anthony Delserone Jr., CFA

Facts

Symbol   STIAX
Fund Number(s)   381
Newspaper Listing   StrIncA
CUSIP   31417P502
Benchmark   35% Barclays Mortgage-Backed Securities Index, 40% Barclays U.S. High Yield 2% Issuer Capped Index, 25% Barclays Emerging Market Bond Index
Performance Inception Date   05-04-1994
Fiscal Year-End   11-30

Morningstar Category & Style

disclosures »
Category Multisector Bond
Style


 
 
 
 
 
 
 
 
 
 
 
Mutual funds are subject to risks and fluctuate in value.

Effective January 1, 2014, the fund’s benchmark was changed from 25% Barclays Mortgage-Backed Securities Index, 40% Barclays U.S. Corporate High Yield 2% Issuer Capped Index, 25% Barclays Emerging Market Bond Index, 10% J.P. Morgan Non-Dollar Index to 35% Barclays Mortgage-Backed Securities Index, 40% Barclays U.S. Corporate High Yield 2% Issuer Capped Index, 25% Barclays Emerging Market Bond Index.

International investing involves special risks including currency risk, increased volatility, political risks, and differences in auditing and other financial standards. Prices of emerging-markets securities can be significantly more volatile than the prices of securities in developed countries, and currency risk and political risks are accentuated in emerging markets.

Bond prices are sensitive to changes in interest rates, and a rise in interest rates can cause a decline in their prices.

High-yield, lower-rate securities generally entail greater market, credit/default and liquidity risk and may be more volatile than investment-grade securities.

The fund’s benchmark is a custom index comprised of four separate indexes which track various security types. The weightings assigned to each component index of the benchmark are fixed, but do not necessarily reflect the fund’s allocation to the type of fixed-income securities represented by the component indexes, which will vary.
Past performance is no guarantee of future results.

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.

"Category" product classifications noted at the top are Federated's internal classifications.

For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary.

Federated Securities Corp., Distributor
Not FDIC Insured May Lose Value No Bank Guarantee
Copyright © 2014 Federated Investors, Inc.

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