Fund Description

The fund was incepted in June 1991 and is managed by Federated Global Investment Management Corp. The fund's investment objective is to obtain a total return on its assets. The fund pursues its investment objective by investing primarily in non-dollar denominated, investment grade fixed income securities of foreign governments and their agencies or foreign corporations. The fund endeavors to maintain a dollar-weighted average rating of its portfolio securities of A. The fund invests primarily in developed market countries. The fund offers dividends and capital gains annually.