Financial professionals nationwide invest in Federated's equity, fixed-income and money market mutual fund products on behalf of individual investors and institutions. Most recent data available from Strategic Insight is as of May 31, 2000. Such factors include those discussed in the company's annual and quarterly reports as filed with the Securities and Exchange Commission. As a result, no assurance can be given as to future results, levels of activity, performance or achievements, and neither the company nor any other person assumes responsibility for the accuracy and completeness of such statements. Investors should read the prospectus carefully before investing.
Past performance is no guarantee of future results.
Morningstar proprietary ratings reflect historical risk-adjusted performance. They are subject to change every month. The top 10 percent of funds in a rating universe receive 5 stars, the next 22.5 percent receive 4 stars, the next 35 percent receive 3 stars, the next 22.5 percent receive 2 stars and the bottom 10 percent receive 1 star. Morningstar does not guarantee the accuracy of this information. Past performance cannot guarantee future results.