Federated Managed Volatility Fund II (P)

Share Classes Product Type Asset Class Category
Variable Annuity Fund Multi-Asset Asset Allocation
As of 05-31-2018


  • Pursues high current income and moderate capital appreciation.
  • Seeks to manage portfolio volatility by using equity index futures, targeting an annualized fund volatility of approximately 10%.
  • Provides a highly diversified approach to income.
  • Invests in high yielding stocks of undervalued mid- to large-cap companies that are likely to maintain and increase their dividends.
  • Invests in diversified bond sectors that include U.S. government, investment-grade corporate and mortgage-backed, high-yield corporate, international developed and emerging market.
  • Balances income opportunities and risk across markets and sectors through active management.

Key Investment Team


Fund Number(s)   333
CUSIP   313916108
Benchmark   40% Russell 1000 Value Index/20% Bloomberg Barclays U.S. Corporate High Yield 2% Issuer Capped Index/20% Bloomberg Barclays Emerging Markets USD Aggregate Index/20% Bloomberg Barclays Mortgage Backed Securities Index
Performance Inception Date   02-10-1994
Fiscal Year-End   12-31

Morningstar Ratings™

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    Funds in Category
Overall 245
3 Year 245
5 Year 182
10 Year 77
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

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Category Insurance Tactical Allocation