Mutual funds are subject to risks and fluctuate in value.
The fund commenced operations on March 16, 2009. On August 28, 2009, the Touchstone Diversified Small Cap Value Fund, formerly a portfolio of Touchstone Funds Group Trust (the “Touchstone Small Fund”) was reorganized into the fund. As a result of the reorganization, the Touchstone Small Fund became the accounting survivor. Accordingly, the fund's A and C Shares performance information prior to August 28, 2009, is historical information of Touchstone Small Fund, and the fund's IS Shares performance is historical information of the A Shares of Touchstone Small Fund. In relation to the IS Shares, the performance of the A Shares of the Touchstone Small Fund has not been adjusted to reflect the expenses of the IS Shares since the IS Shares have a lower expense ratio from the A Shares. The performance information shown has been adjusted to remove any voluntary waiver of fund expenses related to the A Shares that may have occurred during the period prior to the commencement of operations of the IS Shares. For the IS Shares, the performance information shown has also been adjusted to reflect the absence of sales charges applicable to the A Shares.
Diversification does not assure a profit nor protect against loss.
Value stocks may lag growth stocks in performance at times, particularly in late stages of a market advance.
Because the fund invests in smaller companies, it may be more volatile, and subject to greater short-term risk, than funds that invest in larger companies. Smaller companies may have limited resources, product lines and markets and their securities may trade less frequently and in more limited volumes than securities of larger companies.
Past performance is no guarantee of future results.
"Category" product classifications noted at the top are Federated's internal classifications.
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.
Federated Securities Corp., Distributor
| Not FDIC Insured | May Lose Value | No Bank Guarantee | |
