Federated Prudent Bear Fund (A) BEARX

Share Classes Product Type Asset Class Category
Mutual Fund Alternative and Objective-Based Bear Market
As of 03-31-2015


  • Pursues capital appreciation.
  • Seeks to help investors benefit from a declining U.S. stock market through the convenience of an actively managed bear fund.
  • Employs strategic short selling supported by an intensive security-by-security research process.
  • Long positions include stocks of companies primarily in hard-asset categories such as materials, infrastructure, real estate, precious metals and other commodities.
  • Historically negative correlation with major U.S. and international asset classes.
  • Seeks to limit losses in bull markets through defined risk-management strategies.

Key Investment Team


Symbol   BEARX
Fund Number(s)   409
Newspaper Listing   FPruBearA
CUSIP   314172354
Benchmark   S&P 500 Index
Performance Inception Date   12-28-1995
Fiscal Year-End   9-30

Morningstar Category & Style

disclosures »
Category Bear Market

Mutual funds are subject to risks and fluctuate in value.

The Federated Prudent Bear Fund is the successor to the Prudent Bear Fund, pursuant to a reorganization that took place on December 5, 2008. Prior to that date, the Federated Prudent Bear Fund had no investment operations. Accordingly, performance information shown for periods prior to December 5, 2008, is historical information for the former No Load Shares but has been adjusted to reflect the maximum sales charges and expenses applicable to the fund’s Class A and C Shares.

Diversification does not assure a profit nor protect against loss.
Federated Prudent Bear Fund regularly makes short sales of securities, which involves unlimited risk including the possibility that losses may exceed the original amount invested. The fund may also use options and future contracts, which have risks associated with unlimited losses of the underlying holdings due to unanticipated market movements and failure to correctly predict the direction of securities prices, interest rates and currency exchange rates. However, a mutual fund investor’s risk is limited to one’s amount of investment in a mutual fund. The fund may also hold restricted securities purchased through private placements. Such securities may be difficult to sell without experiencing delays or additional costs. Please see the prospectus for further details. Considering the increased risks, the fund may not be suitable for all investors.

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.

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 © 2015 Federated Investors, Inc.

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