Federated Ultrashort Bond Fund (IS) FULIX

Share Classes Product Type Asset Class Category
Mutual Fund Fixed Income Ultrashort Bond
As of 07-31-2014

Highlights

  • Pursues total return consistent with current income.
  • Invests in asset- and mortgage-backed, corporate, Treasury and government agency securities.
  • Maintains a portfolio dollar-weighted average effective duration of one year or less.
  • Allocates portfolio to the sectors that offer the best risk/return balance.

Key Investment Team


Facts

Symbol   FULIX
Fund Number(s)   108
Newspaper Listing   UltraShortI
CUSIP   31428Q747
Benchmark   9 Month Libor
Performance Inception Date   02-22-2000
Fiscal Year-End   9-30

Morningstar Ratings™

disclosures »
    Funds in Category
Overall 97
3 Year 97
5 Year 80
10 Year 66
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.

Morningstar Category & Style

disclosures »
Category Ultrashort Bond
Style


 
 
 
 
 
 
 
 
 
 
 
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.

See the prospectus for other fees and expenses that apply to a continued investment in the fund.
The fund is not a “money market” fund. A money market mutual fund attempts to maintain a stable net asset value through compliance with relevant SEC rules. The fund is not governed by those rules, and its shares will fluctuate in value.
The value of some mortgage-backed securities may be particularly sensitive to changes in prevailing interest rates, and although the securities are generally supported by some form of government or private insurance, there is no assurance that private guarantors or insurers will meet their obligations.
Prior to 10/27/98, the fund was named Federated Limited Duration Government Fund with an investment concentration in government securities. The fund was reconfigured to maintain an ultrashort duration (one year or less) with a revised investment policy of purchasing both higher and lower quality fixed income securities.
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 © 2014 Federated Investors, Inc.

Connect with us: Twitter Facebook Linked In YouTube iTunes