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Federated Funds Bd Fd Cl B Shs: (MF: FDBBX)

(NASDAQ Mutual Funds) As of May 3, 2019 08:15 PM ET

$9.15 USD

-0.03 (-0.33%)

Zacks MF Rank

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1 Strong Buy
2 Buy
3 Hold
4 Sell
5 Strong Sell

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Fund Description

The fund was incepted in May 1987 and is managed by Federated Investment Management company. The fund's objective is to provide as high a level of current income as is consistent with the preservation of capital. The fund invests primarily in a diversified portfolio of investment grade fixed income securities. The fund may invest up to 35% of its assets in fixed income securities rated below investment grade. The fund offers dividends monthly and capital gains annually