Clover Small Value Fund

ticker V S F I XMutual FundsSmall Cap

Overview

 
AT A GLANCE
Portfolio
Assets
April 30 2019
$398.2 M
YTD Return NAV
May 27 2019
9.93%
Equity
Gross
Expenses
1.14%
Net
Expenses
1.02%
STRATEGY

Seeks capital appreciation by investing primarily in common stocks and other equity securities of U.S. companies with small market capitalizations.

KEY FACTS
Key Facts - Part 1
Symbol ticker V S F I X
Benchmark Russell 2000® Value Index
Key Facts - Part 2
Fund Number(s)
659
CUSIP 3 1 4 1 7 2 2 6 3
Performance Incp. Date February 28 1996
Federated Clover Investment Advisors
Learn more about Federated Clover, our singular focus on value investing, the team and explore the full product line.
MORNINGSTAR CATEGORY & STYLE
Category
Small Value
Style
Small Value
INVESTMENT GOALS Retirement
Growth
MANAGERS
Stephen Gutch, CFA
Senior Vice President
Senior Portfolio Manager, Head of Clover Value Team

joined Federated
24 years of experience
Martin Jarzebowski, CFA
Vice President
Portfolio Manager
Senior Investment Analyst

joined Federated
12 years of experience

Performance

Characteristics

DISCLOSURES

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

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 Form N-Q represents the first or third fiscal quarter end portfolio holdings, whichever is most recent, and is filed with the SEC 60 days following the end of the month representing the fund's fiscal first or third quarter. Portfolio holdings for a fund's second and fourth quarters are available in the shareholder reports.

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

Standard Performance

 
DISCLOSURES

dagger disclosure The funds expense ratio is from the most recent prospectus. The expense ratio may reflect voluntary fee waivers and/or expense reimbursements determined by the funds Advisor and its affiliates. The voluntary waivers and/or reimbursements, if applicable, are in effect up to but not including the later of 12/01/2019 or the date of the funds next effective prospectus.

Total returns for periods of less than one year are cumulative.

Total return may have been lower in the absence of temporary expense waivers or reimbursements.

The fund commenced operations on March 16, 2009. On August 28, 2009, Touchstone Diversified Small Cap Value Fund, formerly a portfolio of Touchstone Funds Group Trust (the “Touchstone Small Fund”) was reorganized into the fund. As a result of the reorganization, Touchstone Small Fund became the accounting survivor. Accordingly, the fund’s A and C Shares performance information prior to August 28, 2009, is historical information of Touchstone Small Fund, and the fund’s IS Shares performance is historical information of the A Shares of Touchstone Small Fund. In relation to the IS Shares, the performance of the A Shares of the Touchstone Small Fund has not been adjusted to reflect the expenses of the IS Shares since the IS Shares have a lower expense ratio from the A Shares. The performance information shown has been adjusted to remove any voluntary waiver of fund expenses related to the A Shares that may have occurred during the period prior to the commencement of operations of the IS Shares. For the IS Shares, the performance information shown has also been adjusted to reflect the absence of sales charges applicable to the A Shares.

Value stocks may lag growth stocks in performance at times, particularly in late stages of a market advance.

Because the fund invests in smaller companies, it may be more volatile, and subject to greater short-term risk, than funds that invest in larger companies. Smaller companies may have limited resources, product lines and markets and their securities may trade less frequently and in more limited volumes than securities of larger companies.

After-tax returns are calculated using a standard set of assumptions. Actual after-tax returns depend on each investor’s personal tax situation, and are likely to differ from those shown. The stated returns assume the highest historical federal income and capital gains tax rates, but do not reflect the effect of any applicable state and local taxes. Return After Taxes on Distributions assumes a continued investment in the fund and shows the effect of taxes on fund distributions. Return After Taxes on Distribution and Sale of Fund Shares assumes all shares were redeemed at the end of each measurement period, and shows the effect of any taxable gain (or offsetting loss) on redemption, as well as the effects of taxes on fund distributions. After-tax returns are not relevant to investors holding shares through tax-deferred programs, such as IRA, 401(k) plans. The after-tax average annual total returns are based on the 37% tax bracket and include the 3.8% tax on net investment income.

Diversification does not assure a profit nor protect against loss.

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

Mutual funds are subject to risks and fluctuate in value.

The 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. Because this is a managed portfolio, the investment mix will change.

Current and future portfolio holdings are subject to risk.

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.

Federated Securities Corp., Distributor

Not FDIC Insured
May Lose Value
No Bank Guarantee

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