Fund Description

The fund was incepted in July 1997 and is managed by Federated Global Investment Management Corp. The fund's investment objective is to provide long-term growth of capital. Any income received is incidental. The fund pursues its investment objective by investing primarily in equity securities of companies based in foreign countries. The fund's portfolio is managed using a core blend of growth and value style stock selection. The fund's process for selecting investments combines different analytical and valuation techniques according to investment style. In the growth style, the fund seeks to purchase stocks of companies that it expects will rapidly increase earnings or cash flows in the future. In the value style, the fund seeks to purchase undervalued stocks that may significantly increase in price as the market recognizes the company's true value. The fund offers dividends and capital gains annually.