Project and Trade Finance Tender Fund

ticker X P T F X Closed-End Funds . Trade Finance .

Overview

 
AT A GLANCE
Portfolio
Assets
July 31 2019
$64.4 M
YTD Return NAV
August 19 2019
2.75%
Alternative
Gross
Expenses
1.07%
Net
Expenses
0.76%
STRATEGY

Seeks total return primarily from income by investing in trade finance, structured trade, export finance, import finance, supply chain financing and project finance assets of entities, including sovereign entities.

KEY FACTS
Key Facts - Part 1
Symbol ticker X P T F X
Benchmark ICE Libor 1-Month Average Index
Key Facts - Part 2
Fund Number(s)
8940
CUSIP 3 1 4 2 4 D 1 0 4
Performance Incp. Date February 1 2017
INVESTMENT GOALS Retirement
Income
MANAGERS
Ihab Salib
Senior Vice President
Senior Portfolio Manager
Head of International Fixed Income Group

joined Federated
27 years of experience
Christopher McGinley
Vice President
Head of Trade Finance Team
Portfolio Manager
Senior Investment Analyst

joined Federated
15 years of experience
Maarten Offeringa
Vice President
Portfolio Manager
Senior Investment Analyst

joined Federated
18 years of experience

Performance

Characteristics

Commentary

Documents

 
DISCLOSURES

1 disclosure If this product is new, it will not have completed its first financial reporting period. Please check back to view future shareholder reports. For the new share of an existing fund, you may wish to view recent shareholder reports of another share of that fund by visiting another share.

The “As of Date” for regulatory documents  is the date when the document is effective with the SEC and made available on Federated’s website.

2 disclosure Each fiscal quarter, the Fund will file with the SEC a complete schedule of its monthly portfolio holdings on “Form N-PORT.” The Fund’s holdings as of the end of the third month of every fiscal quarter, as reported on Form N-PORT, will be publicly available on the SEC’s website at www.sec.gov within 60 days of the end of the fiscal quarter upon filing.

double dagger disclosure PDF file consists of a President's Message or Market Overview (if applicable) and Annual/Semi-Annual Shareholder Report. NOTE: To be sure you have the most recent information, please access both the Annual Report and the Semi-Annual Report.

Distributions and Taxes

DISCLOSURES

The fund pursues its investment objective primarily by investing in trade finance, structured trade, export finance, import finance, supply chain financing and project finance assets of entities, including sovereign entities.  Trade finance related securities will be located primarily in, or have exposure to, global emerging markets. As such, the Fund is subject to all of the risks typical to investments generally made in emerging markets, in addition to risks specific to the trade finance asset class.  Investing in the fund involves special risks including risks associated with non-investment grade securities, interest rate risk, prepayment risk, call risk, credit risk, liquidity risk, risks of investing in derivative contracts and hybrid instruments.

The fund is a continuously-offered, non-diversified, closed-end management investment company. The fund will not list shares on any securities exchange, and it is not expected that any secondary market will develop for the shares. Shareholders will not be able to tender for repurchase their shares on a daily basis.  At the discretion of the fund’s board of trustees, and provided that it is in the best interests of the fund and shareholders to do so, the fund intends to provide a limited degree of liquidity to shareholders by conducting repurchase offers, generally quarterly.

The fund is subject to risks and fluctuates in value. 

The fund currently intends to accept purchases of shares as of the last business day of each calendar month, typically following 30 calendar days’ advance notice.

The fund is subject to fees and expenses, including management fees and other expenses, such as legal and accounting fees. Total returns reflect these fees.

Current and future portfolio holdings are subject to risk.

Portfolio composition is subject to change. Holdings percentages are based on net assets at the close of business on the date, above, and may not necessarily reflect adjustments that are routinely made when presenting net assets for formal financial statement purposes.

Product classifications noted at the top are Federated's internal classifications.

Investors should carefully consider the fund's investment objectives, risks, charges and expenses before investing. To obtain a prospectus containing this and other information, contact us or view the prospectus provided on this website. Please carefully read the prospectus before investing.

Consult your investment professional for further information.

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

Federated Investment Management Company is the advisor to the fund.

 

Federated Securities Corp., Distributor

Not FDIC Insured
May Lose Value
No Bank Guarantee

4180978158