Federated Prudent DollarBear Fund (IS) FPGIX

Share Classes Product Type Asset Class Category
Mutual Fund Alternative and Objective-Based World Bond

 
 
 
 
 
 
 
 
 
 
 

Current performance may be lower or higher than what is stated.

Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.


§ The fund’s expense ratio is from the most recent prospectus. The expense ratio may reflect voluntary fee waivers and/or expense reimbursements determined by the fund’s Adviser and its affiliates. The voluntary waivers and/or reimbursements, if applicable, are in effect up to but not including the later of 12/01/2014 or the date of the fund’s next effective prospectus.

Total returns for periods of less than one year are cumulative.

This fund is not a money market fund. The share performance of this fund fluctuates on a daily basis.

As a non-fundamental operating policy, under normal market conditions, the fund will invest 70% or more of its portfolio in non-U.S. dollar denominated investments and gold-related investments which may be denominated in U.S. dollars. The fund may invest, for temporary or defensive purposes, more than 30% of its assets in U.S. dollar denominated investments.

The Federated Prudent DollarBear Fund is the successor to the Prudent Global Income Fund, pursuant to a reorganization that took place on December 5, 2008. Prior to that date, the Federated Prudent DollarBear Fund had no investment operations. Accordingly, performance information shown for periods prior to December 5, 2008, is historical information for the predecessor Prudent Global Income Fund’s No Load Shares but has been adjusted to remove any voluntary waiver of expenses related to the No Load Shares that may have occurred prior to commencement of operations of the Institutional Shares. The performance information of the predecessor Prudent Global Income Fund has not been adjusted to reflect the expense ratio of the Institutional Shares since the Institutional Shares are estimated to have a lower expense ratio than the expense ratio of the predecessor Prudent Global Income Fund’s No Load Shares.

Bond prices are sensitive to changes in interest rates, and a rise in interest rates can cause a decline in their prices.

International investing involves special risks including currency risk, increased volatility, political risks, and differences in auditing and other financial standards.

Diversification does not assure a profit nor protect against loss.

The fund is a non-diversified investment company. As such, it will likely invest in fewer securities or securities issued by fewer foreign governments than diversified investment companies, and its performance may be more volatile. If the securities in which the Federated Prudent DollarBear Fund invests perform poorly, the Federated Prudent DollarBear Fund could incur greater losses than it would have had it invested in a greater number of securities.

Investments in gold and precious metals are subject to additional risks such as the possibility of substantial price fluctuations over a short period of time.

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.

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

After-tax returns are calculated using a standard set of assumptions. Actual after-tax returns depend on each investor’s personal tax situation, and are likely to differ from those shown. The stated returns assume the highest historical federal income and capital gains tax rates, but do not reflect the effect of any applicable state and local taxes. Return After Taxes on Distributions assumes a continued investment in the fund and shows the effect of taxes on fund distributions. Return After Taxes on Distribution and Sale of Fund Shares assumes all shares were redeemed at the end of each measurement period, and shows the effect of any taxable gain (or offsetting loss) on redemption, as well as the effects of taxes on fund distributions. After-tax returns are not relevant to investors holding shares through tax-deferred programs, such as IRA, 401(k) plans. The after-tax average annual total returns are based on the 39.6% tax bracket and include the 3.8% tax on net investment income.

Please note that daily fund prices, dividend factors and yield information (collectively, the “Pricing Information”) are posted to this web page at approximately 6:15 p.m. ET and are updated each day that the New York Stock Exchange is open for regular trading. Daily fund prices, dividend factors and yield information are subject to normal quality control, validation and verification after such posting and prior to 10:00 a.m. ET the next business day, remain subject to change.

Federated Securities Corp., Distributor
Not FDIC Insured May Lose Value No Bank Guarantee
Copyright © 2014 Federated Investors, Inc.

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