FSTIX : Federated Short-Term Income Fund Service Shares

Fund Summary

The investment seeks current income. In pursuing its principal investment strategies, the fund invests in a diversified portfolio of fixed-income securities consisting of U.S. government and privately issued mortgage-backed and asset-backed securities, corporate debt securities and U.S. Treasury and agency securities. At least 65% of the fund's securities must be rated A or higher by a nationally recognized statistical rating organization. Its 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.