Quality Bond Fund II

Variable Annuity FundsIntermediate Bond

Overview

 
AT A GLANCE
Portfolio
Assets
April 30 2019
$184.0 M
YTD Return NAV
May 27 2019
4.51%
Fixed Income
Gross
Expenses
0.80%
Net
Expenses
0.74%
Documents
STRATEGY

Seeks current income by investing in a diversified portfolio of investment-grade, fixed-income securities.

KEY FACTS
Key Facts - Part 1
Benchmark Bloomberg Barclays U.S. Intermediate Credit Index
Key Facts - Part 2
Fund Number(s)
921
CUSIP 3 1 3 9 1 6 8 8 4
Performance Incp. Date April 28 1999
MORNINGSTAR CATEGORY & STYLE
Category
Insurance Corporate Bond
Style
Medium Limited
INVESTMENT GOALS Retirement
Income
MANAGERS
Bryan Dingle, CFA
Vice President
Senior Investment Analyst/ Portfolio Manager

joined Federated
25 years of experience
Brian Ruffner
Vice President
Senior Investment Analyst/ Portfolio Manager

joined Federated
22 years of experience

Characteristics

DISCLOSURES

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

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.

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

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 05/01/2019 or the date of the funds next effective prospectus.

Bond prices are sensitive to changes in interest rates, and a rise in interest rates can cause a decline in their prices.

The value of some mortgage-backed securities may be particularly sensitive to changes in prevailing interest rates, and although the securities are generally supported by some form of government or private insurance, there is no assurance that private guarantors or insurers will meet their obligations.

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.

The fund is a managed portfolio and its holdings are subject to change.

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.

The ratings agencies that provided the quality breakdown ratings are Standard and Poor's, Moody's and Fitch. When ratings vary, the highest rating is used. Credit ratings of A or better are considered to be high credit quality; credit ratings of BBB are good credit quality, and the lowest category of investment grade; credit ratings BB and below are lower-rated securities ("junk bonds"); and credit ratings of CCC or below have high default risk. The credit quality breakdown does not give effect to the impact of any credit derivative investments made by the fund.

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.

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

Federated Securities Corp., Distributor

Not FDIC Insured
May Lose Value
No Bank Guarantee

4053564568