Address And Details

1001 Liberty Ave. , Pittsburgh, PA 15222
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The Fund's investment objective is to provide total return.The Fund pursues its investment objective by investing primarily in U.S. dollar denominated, investment-grade, fixed- income securities. In addition, the Fund may invest in high-yield, non-U.S. dollar denominated, and emerging market fixed- income securities when Federated Investment Management Company (the Adviser) considers the risk-return prospects of those sectors to be attractive. The Fund may invest up to 25% of its total assets in non investment-grade debt securities (otherwise known as junk bonds ). The amount of any unhedged non-U.S. dollar denominated fixed-income securities and foreign currencies in the Fund's portfolio will normally not exceed 10% of the Fund's total assets. The maximum amount that the Fund may invest in non-U.S. dollar denominated fixed-income securities and foreign currencies is 20% of the Fund's total assets. Investment-grade, fixed-income securities are rated in one of the four highest categories(BBB- or higher) by a nationally recognized statistical rating organization (NRSRO). Non investment-grade, fixed-income securities are rated in one of the six lowest categories (BB or lower) by a NRSRO, or in either case if unrated, of comparable quality as determined by the Adviser. The Adviser seeks to enhance the Fund's performance by allocating relatively more of its portfolio to the sector that the Adviser expects to offer a better balance between total return and risk and thus offer a greater potential for return. The Fund may invest in derivative contracts or hybrid instruments (such as, for example, futures contracts, option contracts and swap contracts) to implement its investment strategies. The Fund may also use derivative contracts or hybrid instruments to increase or decrease the portfolio's exposure to the investments(s) underlying the derivative or hybrid in an attempt to benefit from changes in the value of the underlying investment(s). There can be no assurance that the Fund's uses of derivatives contracts or hybrid instruments will work as intended. Derivative investments made by the Fund are included within the Fund's 80% policy (as described below) and are calculated at market value. 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. Duration measures the price sensitivity of a fixed-income security to changes in interest rates.Certain of the government securities in which the Fund invests are not backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation (Freddie Mac), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits. The Fund may also invest in government securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association (Ginnie Mae). Finally, the Fund may invest in a few government securities that are issued by entities whose activities are sponsored by the federal government but that have no explicit financial support.

Net Asset Value

as of 6:58 PM ET 09/20/2021

Performance

  • 1 Week
  • -0.09%
  • 1 Month
  • +0.26%
  • 3 Months
  • +0.44%
  • 1 Yr Return
  • -1.97%
  • 5 Yr Return
  • +3.25%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 57.85%
Other 42.14%
Cash 0.02%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 8.18 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 1.46 1.18 0.62
Beta 0.89 0.89 0.89
R Squared 0.68 0.75 0.76
Std Deviation 3.72 3.31 3.02
Sharpe Ratio 1.46 0.91 n/a

Purchase Information

as of 5:43 PM ET 09/17/2021
Minimum Initial $1000000
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 05/31/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 05/31/2021
1 Year
  • +2.81%
  • +4.11%
+2.81% +4.11%
3 Year
  • +6.64%
  • +6.24%
+6.64% +6.24%
10 Year
  • +4.05%
  • +4.00%
+4.05% +4.00%
Life Of Fund
  • +5.59%
  • +5.58%
+5.59% +5.58%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

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