Mutual funds are subject to risks and fluctuate in value.
The fund's Class R Shares is a new class of shares which commenced operations on December 1, 2010. For the period prior to the commencement of operations for the Class R Shares, the performance information shown is for the fund's Class A Shares adjusted to reflect the expenses of the Class R Shares.
The fund commenced operations on March 16, 2009, when the fund received a transfer of assets from a common fund that was organized as a Delaware limited liability company and only available to accredited investors. 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 performance information prior to August 28, 2009, is historical information of the Touchstone Small Fund.
Diversification does not assure a profit nor protect against loss.
Value stocks tend to have higher dividends and thus have a higher income-related component in their total return than growth stocks. Value stocks also 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.