Federated Prudent DollarBear Fund (IS) FPGIX

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


  • Pursues current income and capital appreciation.
  • Managed to provide a hedge against a declining U.S. dollar through investments that seek to perform in the inverse direction.
  • Focuses primarily on short-term foreign government bonds of developed countries; may also invest in securities - such as stocks of precious metal mining companies - linked to the price of gold.
  • Seeks to limit interest rate risk by maintaining a relatively short average portfolio maturity -- generally less than 18 months.

Key Investment Team


Symbol   FPGIX
Fund Number(s)   427
Newspaper Listing   FPruGIIS
CUSIP   31420C688
Benchmark   U.S. Dollar Index
Performance Inception Date   02-02-2000
Fiscal Year-End   9-30

Morningstar Category & Style

disclosures »
Category Multicurrency

Mutual funds are subject to risks and fluctuate in value.

The Federated Prudent DollarBear Fund is the successor to the Prudent Global Income Fund, pursuant to a reorganization that took place on December 5, 2008. Prior to that date, the Federated Prudent DollarBear Fund had no investment operations. Accordingly, performance information shown for periods prior to December 5, 2008, is historical information for the predecessor Prudent Global Income Fund’s No Load Shares but has been adjusted to remove any voluntary waiver of expenses related to the No Load Shares that may have occurred prior to commencement of operations of the Institutional Shares. The performance information of the predecessor Prudent Global Income Fund has not been adjusted to reflect the expense ratio of the Institutional Shares since the Institutional Shares are estimated to have a lower expense ratio than the expense ratio of the predecessor Prudent Global Income Fund’s No Load Shares.

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.

Diversification does not assure a profit nor protect against loss.

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.

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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