Fund for U.S. Government Securities II

Variable Annuity Funds . Intermediate Bond .

Overview

 
AT A GLANCE
Portfolio
Assets
May 31 2019
$119.8 M
YTD Return NAV
June 24 2019
4.24%
Fixed Income
Gross
Expenses
0.86%
Net
Expenses
0.78%
Documents
STRATEGY

Seeks current income by investing primarily in a diversified portfolio of U.S. government and government agency securities and mortgage-backed securities.

KEY FACTS
Key Facts - Part 1
Benchmark 67% Bloomberg Barclays U.S. Mortgage Backed Securities Index/33% Bloomberg Barclays U.S. Government Bond Index
Key Facts - Part 2
Fund Number(s)
334
CUSIP 3 1 3 9 1 6 2 0 7
Performance Incp. Date March 28 1994
MORNINGSTAR CATEGORY & STYLE
Category
Insurance Intermediate Government
Style
High Moderate
INVESTMENT GOALS Retirement
Income
MANAGERS
Todd Abraham, CFA
Senior Vice President
Senior Portfolio Manager, Head of Government/ Mortgage Backed Fixed Income Group

joined Federated
30 years of experience
Liam O'Connell, CFA
Vice President
Portfolio Manager
Senior Investment Analyst

joined Federated
16 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 05/01/2020 or the date of the funds next effective prospectus.

Current and future portfolio holdings are subject to risk.

Expenses shown do not reflect any additional fees or expenses that may be imposed by separate accounts of insurance companies or in connection with any variable annuity or variable life insurance contract. If these had been included, an investor's costs would be higher.

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 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.

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

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.

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

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