IMPORTANT
INFORMATION REGARDING THE FEDERATED FUNDS
SUPPLEMENT TO SUMMARY
PROSPECTUSES, PROSPECTUSES AND STATEMENTS OF ADDITIONAL INFORMATION
Effective June 18, 2018,
Class B Shares of the following funds may be exchanged for Class B Shares of any other Federated fund.
The Federated funds include the
Class B Shares of the following registrants and portfolios:
FEDERATED EQUITY fUNDS
Federated
Absolute Return Fund
Federated Kaufmann Fund
Federated Kaufmann Small Cap Fund
Federated Kaufmann Fund
Federated Kaufmann Small Cap Fund
FEDERATED EQUITY INCOME FUND,
INC.
FEDERATED FIXED INCOME
SECURITIES, INC.
Federated
Strategic Income Fund
FEDERATED GLOBAL ALLOCATION
FUND
FEDERATED HIGH INCOME BOND
FUND, INC.
FEDERATED INCOME SECURITIES
TRUST
Federated Capital
Income Fund
Federated Fund for U.S. Government Securities
Federated Muni and Stock Advantage Fund
Federated Fund for U.S. Government Securities
Federated Muni and Stock Advantage Fund
FEDERATED INVESTMENT SERIES
FUNDS, INC.
Federated Bond
Fund
FEDERATED MDT EQUITY TRUST
Federated MDT
Large Cap Value Fund
FEDERATED MDT SERIES
Federated MDT
Large Cap Growth Fund
FEDERATED MUNICIPAL BOND FUND,
INC.
FEDERATED MUNICIPAL SECURITIES
INCOME TRUST
Federated
Municipal High Yield Advantage Fund
FEDERATED TOTAL RETURN SERIES,
Inc.
Federated Total
Return Bond Fund
federated WORLD INVESTMENT
SERIES, INC.
Federated
International Leaders Fund
May 17, 2018
Federated Investors Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
4000 Ericsson Drive
Warrendale, PA 15086-7561
Contact us at FederatedInvestors.com
or call 1-800-341-7400.
or call 1-800-341-7400.
Federated Securities Corp.,
Distributor
Q454339 (5/18]
Federated is a registered trademark
of Federated Investors, Inc.
2018 ©Federated Investors, Inc.
2018 ©Federated Investors, Inc.