Mutual funds are subject to risks and fluctuate in value.
The fund’s Institutional Share class is a new class of shares which commenced operations on January 29, 2010. For the period prior to the commencement of operations for the Institutional Shares, the performance information shown is for the fund’s Service Shares. The performance of the Service Shares has not been adjusted to reflect the expenses of the Institutional Shares since the Institutional Shares is estimated to have a lower expense ratio than the expense ratio of the Service Shares. The performance of the Institutional Shares has been adjusted to remove any voluntary waiver of the fund’s expenses related to the Service Shares that may have occurred during the period prior to the commencement of operations of the Institutional Share class.
The quantitative models and analysis used by the fund may perform differently than expected and negatively affect fund performance.
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