Federated Total Return Bond Fund (TLRAX)
Seeks to provide total return by investing primarily in U.S. dollar denominated, investment-grade, fixed-income securities.
Fund managers perform thorough economic analysis of the business cycle, valuation indicators and global attractiveness to position the portfolio for various rate environments.
Continuous assessment of risk versus return at each decision point seeks to add consistent value while managing performance volatility.
How does it perform in various rate environments?
The fund is managed to capture opportunities and manage risk through various rate environments. In response to economic forecasts, our experienced sector managers use an arsenal of interest-rate and sector-related decision tools to quickly and decisively position the fund's holdings across the fixed-income marketplace.
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 their original cost. Performance does not reflect the maximum 4.5% sales charge. Mutual fund performance changes over time and current performance may be lower or higher than what is stated.
Click on More Details and Learn More About the Fund above to view standard returns, performance current to the most recent month-end, and after-tax returns.
1 A short-term rate objective of the Federal Reserve Board.
Fluctuating market conditions affect different bond market sectors differently. The fund's risk management process combines top-down evaluation of macroeconomic events with intensive bottom-up monitoring of individual securities and sectors to make security and sector selections in sync with a changing investment climate.
"We believe that independent diversified sources of alpha are the best way to pursue risk-adjusted returns."
Don Ellenberger, senior portfolio manager