FIIFX : Federated Intermediate Corporate Bond Fund Institutional Shares

Fund Summary

The investment seeks current income. The fund invests in a diversified portfolio of investment-grade, fixed-income securities consisting primarily of corporate debt securities, U.S. government mortgage-backed securities, and U.S. Treasury and agency securities. The fund's investment adviser seeks to enhance the fund's performance by allocating relatively more of its portfolio to the security type that the Adviser expects to offer the best balance between current income and risk. The foreign securities in which the fund invests will be predominately denominated in U.S. dollars. It may invest in derivative contracts to implement its investment strategies.