PIUCX : Federated International Equity Fund Class C

Fund Summary

The investment seeks to provide long-term capital appreciation. The fund primarily invests in a portfolio of equity securities that is tied economically to a number of countries throughout the world, typically three or more. Under normal circumstances, it invests at least 80% of its net assets plus any borrowings for investment purposes in equity securities. The fund's investments in equity securities may include, for example, common stocks, American Depositary Receipts or other U.S. listings of foreign common stocks, other mutual funds, and exchange-traded funds ("ETFs").