Federated Floating Rate Strategic Income Fund (IS) FFRSX

Share Classes Product Type Asset Class Category
Mutual Fund Fixed Income Bank Loan
As of 06-30-2016

Highlights

  • Pursues total return consistent with current income and low interest rate volatility.
  • Invests primarily in a strategic mix of floating rate fixed-income investments, which pay interest at rates that increase or decrease with changes in market rates.
  • Has broad flexibility to invest across a unique range of non-correlated floating rate sectors: U.S. non-investment grade (primarily floating-rate bank loans); U.S. investment grade (primarily adjustable rate mortgage-backed securities); and international (primarily floating-rate trade finance instruments).
  • Management team strategically positions the fund in the most attractive floating rate sectors (up to 75% in any sector) and adjusts the sector mix and duration based on relative valuations and economic and market conditions.
  • Provides an option to investors concerned with rising inflation, rising interest rates and longer-term credit risk.

Key Investment Team


Facts

Symbol   FFRSX
Fund Number(s)   693
Newspaper Listing   FdFlRStIncIS
CUSIP   31420C670
Benchmark   55% Credit Suisse Leveraged Loan Index/15% One-Month Libor/30% BofA Merrill Lynch 1-Year U.S. Treasury Note Index
Performance Inception Date   12-03-2010
Fiscal Year-End   3-31

Morningstar Ratings™

disclosures »
    Funds in Category
Overall 215
3 Year 215
5 Year 170
Based on risk adjusted total return. The overall rating is derived from a weighted average of the fund’s three-, five-, and ten-year average annual returns, as applicable.