FDBBX : Federated Bond Fund Class B Shares

Fund Summary

The investment seeks to provide as high a level of current income as is consistent with the preservation of capital. The fund invests primarily in a diversified portfolio of investment-grade corporate debt securities. It may invest up to 35% of its assets in fixed-income securities rated below investment grade. The Adviser may lengthen or shorten duration from time to time based on its interest rate outlook, but the fund has no set duration parameters. It may invest in derivative contracts or hybrid contracts. The fund may also invest in government securities that are supported by the full faith and credit of the U.S. government.