†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 01/01/2020 or the date of the funds next effective prospectus.
The fund is the successor to the Federated MDT Large Cap Value Fund (a Massachusetts business trust with the same name as the fund) (“predecessor fund”), pursuant to a reorganization involving the fund, the predecessor fund and the Federated Clover Value Fund completed after the close of business on December 8, 2017. The predecessor fund is both the tax and accounting survivor of the reorganization. Prior to the date of the reorganization, the fund had no investment operations. Accordingly, the performance information, including information on fees and expenses and financial information provided above for periods prior to December 8, 2017 is historical information for the predecessor fund.
The predecessor fund's A Shares commenced operations on May 1, 2014. For the periods prior to the commencement of operations of the A Shares, the performance information shown above is for the predecessor fund's Service Shares. The performance of the Service Shares has not been adjusted to reflect the expenses applicable to the A Shares since the A Shares have the same net expense ratio as the Service Shares. The performance of the Service Shares have been adjusted to remove any voluntary waiver of fund expenses related to the Service Shares that may have occurred during the period prior to the commencement of operations of the A Shares.
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.
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.
Mutual funds are subject to risks and fluctuate in value.
The quantitative models and analysis used by the fund may perform differently than expected and negatively affect fund performance.
Product classifications noted at the top are Federated's internal classifications.
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.
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.
Current and future portfolio holdings are subject to risk.