Federated Strategic Income Fund (IS) STISX

Share Classes Product Type Asset Class Category
Mutual Fund Fixed Income Multisector Bond
As of 07-31-2014

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


Facts

Symbol   STISX
Fund Number(s)   653
Newspaper Listing   StrIncIS
CUSIP   31417P841
Benchmark   35% Barclays Mortgage-Backed Securities Index/40% Barclays U.S. Corporate 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

Related Information


 
 
 
 
 
 
 
 
 
 
 
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.

The fund’s Institutional Shares commenced operations on January 28, 2008. For the period prior to the commencement of operations of the Institutional Shares, the performance information shown is for the fund’s Class A Shares, adjusted to reflect the absence of sales charges and adjusted to remove any voluntary waiver of fund expenses related to the Class A Shares that may have occurred prior to commencement of operations of the Institutional Shares. The performance of the Class A Shares has not been adjusted to reflect the expenses of the Institutional Shares since the Institutional Shares are estimated to have a lower expense ratio than the expense ratio of the Class A Shares. See the prospectus for other fees and expenses that apply to a continued investment in the fund.

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. 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.

High-yield, lower-rated securities generally entail greater market, credit/default and liquidity risks 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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