Federated High Income Bond Fund II (P)

Share Classes Product Type Asset Class Category
Variable Annuity Fund Fixed Income High Yield
As of 01-31-2018


  • 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.

Key Investment Team


Fund Number(s)   336
CUSIP   313916306
Benchmark   Bloomberg Barclays U.S. Corporate High Yield 2% Issuer Capped Index
Performance Inception Date   03-01-1994
Fiscal Year-End   12-31

Morningstar Ratings™

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    Funds in Category
Overall 605
3 Year 605
5 Year 500
10 Year 325
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 High Yield Bond