Mutual funds are subject to risks and fluctuate in value.
The Fund's IS class commenced operations on June 11, 2013. For the periods prior to the commencement of operations of the IS class, the IS class performance information shown is the F class performance adjusted to reflect the expenses of the Fund's IS class for each year for which the Fund's IS class expenses would have exceeded the actual expenses paid by the Fund's F class.
Bond prices are sensitive to changes in interest rates, and a rise in interest rates can cause a decline in their prices.
High-yield, lower-rated securities generally entail greater market, credit/default and liquidity risks and may be more volatile than investment-grade securities.
Interest income from the fund's investments may be subject to the federal Alternative Minimum Tax (AMT) for individuals and corporations, and state and local taxes.
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 |