Federated High Income Bond Fund, Inc. (B) FHBBX

Share Classes Product Type Asset Class Category
Mutual Fund Fixed Income High Yield Bond
As of 03-31-2015


  • Pursues a high level of current income.
  • Invests in high-yield, lower-rated corporate bonds.
  • Offers the potential for attractive relative total returns in economic recoveries through ratings upgrades or improved performance of issuing companies.
  • Provides portfolio diversification; historically, high-yield bond performance has not been correlated to other types of bonds.
  • Features a track record of more than 35 years; consistent management since 1987.

Key Investment Team


Symbol   FHBBX
Fund Number(s)   630
Newspaper Listing   HiIncBdB
CUSIP   314195207
Benchmark   Barclays U.S. Corporate High Yield 2% Issuer Capped Index
Performance Inception Date   09-28-1994
Fiscal Year-End   3-31

Morningstar Category & Style

disclosures »
Category High Yield Bond

Mutual funds are subject to risks and fluctuate in value.

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.

Index classifications are based upon, and individual portfolio securities are assigned to, the classification and sub-classification categories of the Barclays High Yield 2% Issuer Capped Index (BCHY2%ICI). Individual portfolio securities that are not included in the BCHY2%ICI are assigned to an index classification category at the discretion of the fund’s advisor.

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.

For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary.

Federated Securities Corp., Distributor
Not FDIC Insured May Lose Value No Bank Guarantee
Copyright © 2015 Federated Investors, Inc.

Connect with us: LinkedIn YouTube iTunes