Federated High Income Bond Fund II (P)

Share Classes Product Type Asset Class Category
Variable Annuity Fund Fixed Income High Yield Bond
As of 07-31-2014

Highlights

  • 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


Facts

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

Morningstar Ratings™

disclosures »
    Funds in Category
Overall 567
3 Year 567
5 Year 495
10 Year 344
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 High Yield Bond
Style


 
 
 
 
 
 
 
 
 
 
 

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.

Fund shares are available exclusively as a funding vehicle for life insurance companies writing variable life insurance policies and variable annuity contracts.  If you are an individual investor, contact your financial advisor or insurance company for more information on these products.

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.

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