Mutual funds are subject to risks and fluctuate in value.
The fund’s Class A Shares commenced operations on November 18, 2008. For the period prior to the commencement of operations of the Class A Shares, the performance information shown is for the fund’s Class F Shares, adjusted to reflect the maximum sales charge applicable to the fund’s Class A shares, and to remove any voluntary waiver of fund expenses related to the Class F Shares that may have occurred prior to commencement of operations of the Class A Shares. The performance of the Class F Shares has not been adjusted to reflect the anticipated expenses of the Class A Shares because the expense ratio of Class A Shares is expected to be lower than the expense ratio of Class F Shares.
Bond prices are sensitive to changes in interest rates, and a rise in interest rates can cause a decline in their prices.
Interest income from the fund’s investments may be subject to the federal alternative minimum tax for individuals and corporations (AMT).
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.
Federated Securities Corp., Distributor
|Not FDIC Insured
||May Lose Value
||No Bank Guarantee