1933 Act File No. | 33-3164 |
1940 Act File No. | 811-4577 |
Form N-1A
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 | ||||
Pre-Effective Amendment No. | ||||
Post-Effective Amendment No. | 120 | |||
and/or | ||||
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 | ||||
Amendment No. | 113 | |||
FEDERATED INCOME SECURITIES TRUST
(Exact Name of Registrant as Specified in Charter)
Federated Investors Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
(Address of Principal Executive Offices)
(412) 288-1900
(Registrant’s Telephone Number, including Area Code)
John W. McGonigle, Esquire
Federated Investors Tower
Pittsburgh, Pennsylvania 15222-3779
(Name and Address of Agent for Service)
It is proposed that this filing will become effective (check appropriate box): | |||
X | immediately upon filing pursuant to paragraph (b) | ||
on | pursuant to paragraph (b) | ||
60 days after filing pursuant to paragraph (a)(1) | |||
on | pursuant to paragraph (a)(1) | ||
75 days after filing pursuant to paragraph (a)(2) | |||
on | pursuant to paragraph (a)(2) of Rule 485 | ||
If appropriate, check the following box: | |||
This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
SIGNATURES Pursuant to the requirements of the Securities Act of 1933, and the Investment Company Act of 1940, the Registrant, Federated Income Securities Trust, certifies that it meets all of the requirements for effectiveness of this Amendment to its Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Pittsburgh and Commonwealth of Pennsylvania, on the 4th day of January 2013. |
FEDERATED INCOME SECURITIES TRUST |
BY: /s/ George F. Magera George F. Magera, Assistant Secretary |
Pursuant to the requirements of the Securities Act of 1933, this Amendment to its Registration Statement has been signed below by the following person in the capacity and on the date indicated: |
NAME | TITLE | DATE |
BY: /s/ George F. Magera George F. Magera, Assistant Secretary |
Attorney In Fact For the Persons Listed Below | January 4, 2013 |
John F. Donahue * | Trustee | |
J. Christopher Donahue * | President and Trustee (Principal Executive Officer) | |
Richard A. Novak* | Treasurer (Principal Financial Officer) | |
John F. Cunningham* | Trustee | |
Maureen Lally-Green* | Trustee | |
Peter E. Madden* | Trustee | |
Charles F. Mansfield, Jr.* | Trustee | |
Thomas O’Neill* | Trustee | |
John S. Walsh* | Trustee | |
*By Power of Attorney |
Federated Muni and Stock Advantage Fund A portfolio of Federated Income Securities Trust Post-Effective Amendment No. 120 |
This Post-Effective Amendment is filed for the sole purpose of submitting the XBRL Interactive Data File exhibits for the Risk/Return Summary of the above-named Fund filed as part of Post-Effective Amendment No. 119 on December 28, 2012. The exhibits filed herewith do not constitute the complete publicly filed disclosure for the Fund, and should be used in conjunction with the complete prospectus for the Fund. |
Exhibit List for Interactive Data File Submissions.
|
EX-101.INS | INSTANCE |
EX-101.SCH | SCHEMA |
EX-101.CAL | CALCULATION LINKBASE |
EX-101.DEF | DEFINITION LINKBASE |
EX-101.LAB | LABEL LINKBASE |
EX-101.PRE | PRESENTATION LINKBASE |
Label | Element | Value | ||||||||
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Risk/Return: | rr_RiskReturnAbstract | |||||||||
Registrant Name | dei_EntityRegistrantName | FEDERATED INCOME SECURITIES TRUST | ||||||||
Prospectus Date | rr_ProspectusDate | Dec. 31, 2012 | ||||||||
Federated Muni and Stock Advantage Fund
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Risk/Return: | rr_RiskReturnAbstract | |||||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Federated Muni and Stock Advantage Fund (the "Fund") | ||||||||
Objective [Heading] | rr_ObjectiveHeading | RISK/RETURN SUMMARY: INVESTMENT OBJECTIVE | ||||||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Fund's investment objective is to provide tax-advantaged income | ||||||||
Objective, Secondary [Text Block] | rr_ObjectiveSecondaryTextBlock | with a secondary objective of capital appreciation. The Fund is not entirely a "tax-exempt" or "municipal" fund, and, in addition to the Fund's income being subject to state and local personal income tax, a portion of the income derived from the Fund's portfolio (or dividend distributions) will be subject to federal income tax. | ||||||||
Expense [Heading] | rr_ExpenseHeading | RISK/RETURN SUMMARY: FEES AND EXPENSES | ||||||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold Class A Shares (A), Class B Shares (B), Class C Shares (C), Class F Shares (F) or Institutional Shares (IS) of the Fund. You may qualify for certain sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the A class or $1,000,000 in the F class of Federated funds. More information about these and other discounts is available from your financial professional and in the "What Do Shares Cost?" section of the Prospectus on page 20. | ||||||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) | ||||||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||||||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | January 1, 2014 | ||||||||
Fee Waiver Or Reimbursement Over Assets Later Of Termination Date Or Next Effective Prospectus | fist4_FeeWaiverOrReimbursementOverAssetsLaterOfTerminationDateOrNextEffectiveProspectus | up to but not including the later of (the "Termination Date"): (a) January 1, 2014; or (b) the date of the Fund's next effective Prospectus. | ||||||||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover | ||||||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 24% of the average value of its portfolio. | ||||||||
Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 24.00% | ||||||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for certain sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the A class or $1,000,000 in the F class of Federated funds. | ||||||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example | ||||||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 for the time periods indicated and then redeem all of your Shares at the end of those periods. Expenses assuming no redemption are also shown. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses are as shown in the table above and remain the same. Although your actual costs and returns may be higher or lower, based on these assumptions your costs would be: |
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Strategy [Heading] | rr_StrategyHeading | RISK/RETURN SUMMARY: INVESTMENTS, RISKS and PERFORMANCE What are the Fund's Main Investment Strategies? |
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Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Fund invests in a diversified portfolio that is allocated between tax-exempt securities and equity securities. In seeking to provide investors with a high level of tax advantaged income, the Fund will invest at least 50% of its total assets in tax-exempt securities; under current federal tax law, this strategy will enable interest earned on tax-exempt securities to retain its tax-exempt nature when paid to the Fund's shareholders as dividends. The Fund normally will invest most of its remaining assets in domestic and foreign equity securities that the Fund's investment adviser or subadviser (as applicable, "Adviser") believes will be income producing and pay high dividend yields, with those dividends intended to be eligible for any reduced federal income tax rate that may be available with respect to qualified dividends. Shareholders should note that federal income tax laws with respect to qualified dividends may change, and any applicable reduced income tax rate may change or be eliminated for some or all individual taxpayers. The Fund intends that the income it receives from the portion of its portfolio invested in tax-exempt securities will be exempt from federal income tax when distributed to shareholders. The Fund will invest primarily in securities whose interest is not subject to (or not a specific preference item for purposes of) the federal alternative minimum income tax for individuals or corporations (AMT). While the Fund may invest in securities of any maturity, at least a majority of the Fund's tax-exempt portfolio will be invested in intermediate (i.e., securities with stated maturities of more than three years but less than 10 years) and/or long-term (i.e., securities with stated maturities of 10 or more years) tax-exempt securities. The allocation between intermediate and long-term securities generally will be driven by the portfolio manager's assessment of income opportunities, as well as the portfolio manager's expectations of likely price performance for different maturities along the yield curve. The Fund may invest in tax-exempt securities rated as low as "B" by a nationally recognized statistical rating organization (NRSRO), or unrated securities of comparable quality. Tax-exempt securities rated below "BBB" by an NRSRO, such as Standard and Poor's, are considered noninvestment-grade securities, which are also known as junk bonds. In addition to the other risks described in this Prospectus that are applicable to tax-exempt securities, noninvestment-grade securities are subject to the risks of investing in noninvestment-grade securities as described in the Fund's Prospectus. Regarding the equity securities portion of the Fund's portfolio, the Fund will invest primarily in income producing, high dividend paying domestic and foreign common stocks and other securities, the dividends from which are intended to be eligible for any reduced federal income tax rate that may be available with respect to qualified dividends. The Fund will focus on value in seeking to select primarily equity securities of mid- to large-capitalization companies that pay dividends, are characterized by sound management and have the ability to finance expected growth. The Fund's Adviser's focus on dividend paying securities strives to create an equity portfolio whose income levels are higher than the general markets. The securities in which the Fund may principally invest include tax-exempt securities, which may include, for example, general obligation bonds, special revenue bonds, private activity bonds, tax increment financing bonds, municipal leases, zero-coupon securities, inverse floaters, municipal mortgage-backed securities and planned amortization classes (or PACs). Certain of the tax-exempt securities in which the Fund invests may be subject to credit enhancement. The equity securities in which the Fund may principally invest include, for example, common stocks, preferred stocks, foreign securities, American Depositary Receipts (ADRs) and domestically traded securities of foreign issuers. The Fund also may invest principally in convertible securities and securities of other investment companies. The Fund also may principally invest in derivative contracts (such as, for example, futures contracts, option contracts and swap contracts) and hybrid instruments to implement elements of its investment strategies as more fully described in the Fund's Prospectus. The Fund has fundamental investment policies under which the Fund will attempt: (a) to invest its assets so that the income derived from municipal securities (or tax-exempt securities) that it distributes will be exempt from federal income tax (including the AMT), except when investing for "defensive" purposes; and (b) to invest so that dividends received for equity securities will qualify for federal income taxation at the 15% rate (which was the reduced federal income tax rate on qualified dividends from 2003 through 2012; shareholders should note that federal income tax laws with respect to qualified dividends may change, and any applicable reduced income tax rate may change or be eliminated for some or all individual taxpayers. At least 80% of the Fund's assets will be invested in municipal bonds and equity securities at all times. |
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Risk [Heading] | rr_RiskHeading | What are the Main Risks of Investing in the Fund? | ||||||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | All mutual funds take investment risks. Therefore, it is possible to lose money by investing in the Fund. The primary factors that may reduce the Fund's returns include:
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Risk Lose Money [Text] | rr_RiskLoseMoney | All mutual funds take investment risks. Therefore, it is possible to lose money by investing in the Fund. | ||||||||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | The Shares offered by this Prospectus are not deposits or obligations of any bank, are not endorsed or guaranteed by any bank and are not insured or guaranteed by the U.S. government, the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency. | ||||||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance: Bar Chart and Table Risk/Return Bar Chart |
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Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The bar chart and performance table below reflect historical performance data for the Fund and are intended to help you analyze the Fund's investment risks in light of its historical returns. The bar chart shows the variability of the Fund's A class total returns on a calendar year-by-year basis. The Average Annual Total Return Table shows returns for each class averaged over the stated periods, and includes comparative performance information. The Fund's performance will fluctuate, and past performance (before and after taxes) is not necessarily an indication of future results. Updated performance information for the Fund is available under the "Products" section at FederatedInvestors.com or by calling 1-800-341-7400. | ||||||||
Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The bar chart shows the variability of the Fund's A class total returns on a calendar year-by-year basis. | ||||||||
Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | 1-800-341-7400 | ||||||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | FederatedInvestors.com | ||||||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | The Fund's performance will fluctuate, and past performance (before and after taxes) is not necessarily an indication of future results. | ||||||||
Bar Chart [Heading] | rr_BarChartHeading | Federated Muni and Stock Advantage Fund - A Class | ||||||||
Bar Chart Does Not Reflect Sales Loads [Text] | rr_BarChartDoesNotReflectSalesLoads | The total returns shown in the bar chart do not reflect the payment of any sales charges or recurring shareholder account fees. If these charges or fees had been included, the returns shown would have been lower. | ||||||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | The total returns shown in the bar chart do not reflect the payment of any sales charges or recurring shareholder account fees. If these charges or fees had been included, the returns shown would have been lower. The Fund's A class total return for the nine-month period from January 1, 2012 to September 30, 2012, was 8.97%. Within the periods shown in the bar chart, the Fund's A class highest quarterly return was 10.04% (quarter ended September 30, 2009). Its lowest quarterly return was (8.60)% (quarter ended December 31, 2008). The A class total returns, rather than the B class, C class, F class or IS class total returns, are shown in the bar chart above and table below because this is a combined prospectus for each class, the A class was shown in the combined prospectus for the A class, B class, C class and F class until December 31, 2010 and the A class, B class and C class commenced operations on September 26, 2003, the F class on May 31, 2007, and the IS class on December 29, 2010. |
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Performance Table Heading | rr_PerformanceTableHeading | Average Annual Total Return Table | ||||||||
Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | The stated returns assume the highest historical federal income and capital gains tax rates. These after-tax returns do not reflect the effect of any applicable state and local taxes. | ||||||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | After-tax returns are not relevant to investors holding Shares through tax-deferred programs, such as a 401(k) plan, an Individual Retirement Account or other tax-advantaged investment plan. | ||||||||
Performance Table One Class of after Tax Shown [Text] | rr_PerformanceTableOneClassOfAfterTaxShown | In addition to Return Before Taxes, Return After Taxes is shown for the Fund's A class to illustrate the effect of federal taxes on Fund returns. | ||||||||
Performance Table Narrative | rr_PerformanceTableNarrativeTextBlock | In addition to Return Before Taxes, Return After Taxes is shown for the Fund's A class to illustrate the effect of federal taxes on Fund returns. After-tax returns are shown only for A class, and after-tax returns for B class, C class, F class and IS class will differ from those shown for A class. Actual after-tax returns depend on each investor's personal tax situation, and are likely to differ from those shown. After-tax returns are calculated using a standard set of assumptions. The stated returns assume the highest historical federal income and capital gains tax rates. These after-tax returns do not reflect the effect of any applicable state and local taxes. After-tax returns are not relevant to investors holding Shares through tax-deferred programs, such as a 401(k) plan, an Individual Retirement Account or other tax-advantaged investment plan. (For the Period Ended December 31, 2011) |
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Federated Muni and Stock Advantage Fund | A
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Risk/Return: | rr_RiskReturnAbstract | |||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 5.50% | ||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable) | rr_MaximumDeferredSalesChargeOverOther | none | ||||||||
Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price) | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||||||
Redemption Fee (as a percentage of amount redeemed, if applicable) | rr_RedemptionFeeOverRedemption | none | ||||||||
Exchange Fee | rr_ExchangeFeeOverRedemption | none | ||||||||
Management Fee | rr_ManagementFeesOverAssets | 1.00% | ||||||||
Distribution (12b-1) Fee | rr_DistributionAndService12b1FeesOverAssets | 0.05% | ||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.47% | ||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.52% | ||||||||
Fee Waivers and/or Expense Reimbursements | rr_FeeWaiverOrReimbursementOverAssets | 0.52% | [1] | |||||||
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements | rr_NetExpensesOverAssets | 1.00% | ||||||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | 50,000 | ||||||||
1 Year | rr_ExpenseExampleYear01 | 696 | ||||||||
3 Years | rr_ExpenseExampleYear03 | 1,004 | ||||||||
5 Years | rr_ExpenseExampleYear05 | 1,333 | ||||||||
10 Years | rr_ExpenseExampleYear10 | 2,263 | ||||||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 696 | ||||||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 1,004 | ||||||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 1,333 | ||||||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | 2,263 | ||||||||
2004 | rr_AnnualReturn2004 | 9.12% | ||||||||
2005 | rr_AnnualReturn2005 | 5.41% | ||||||||
2006 | rr_AnnualReturn2006 | 12.24% | ||||||||
2007 | rr_AnnualReturn2007 | 0.90% | ||||||||
2008 | rr_AnnualReturn2008 | (16.49%) | ||||||||
2009 | rr_AnnualReturn2009 | 14.58% | ||||||||
2010 | rr_AnnualReturn2010 | 4.61% | ||||||||
2011 | rr_AnnualReturn2011 | 11.67% | ||||||||
Year to Date Return, Label | rr_YearToDateReturnLabel | The Fund's A class total return for the nine-month period from January 1, 2012 to September 30, 2012 | ||||||||
Bar Chart, Year to Date Return, Date | rr_BarChartYearToDateReturnDate | Sep. 30, 2012 | ||||||||
Bar Chart, Year to Date Return | rr_BarChartYearToDateReturn | 8.97% | ||||||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | highest quarterly return | ||||||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Sep. 30, 2009 | ||||||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 10.04% | ||||||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | lowest quarterly return | ||||||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Dec. 31, 2008 | ||||||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (8.60%) | ||||||||
1 Year | rr_AverageAnnualReturnYear01 | 5.52% | ||||||||
5 Years | rr_AverageAnnualReturnYear05 | 1.29% | ||||||||
Start of Performance | rr_AverageAnnualReturnSinceInception | 4.70% | [2] | |||||||
Federated Muni and Stock Advantage Fund | B
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Risk/Return: | rr_RiskReturnAbstract | |||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable) | rr_MaximumDeferredSalesChargeOverOther | 5.50% | ||||||||
Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price) | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||||||
Redemption Fee (as a percentage of amount redeemed, if applicable) | rr_RedemptionFeeOverRedemption | none | ||||||||
Exchange Fee | rr_ExchangeFeeOverRedemption | none | ||||||||
Management Fee | rr_ManagementFeesOverAssets | 1.00% | ||||||||
Distribution (12b-1) Fee | rr_DistributionAndService12b1FeesOverAssets | 0.75% | ||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.47% | ||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.22% | ||||||||
Fee Waivers and/or Expense Reimbursements | rr_FeeWaiverOrReimbursementOverAssets | 0.47% | [1] | |||||||
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements | rr_NetExpensesOverAssets | 1.75% | ||||||||
1 Year | rr_ExpenseExampleYear01 | 775 | ||||||||
3 Years | rr_ExpenseExampleYear03 | 1,094 | ||||||||
5 Years | rr_ExpenseExampleYear05 | 1,390 | ||||||||
10 Years | rr_ExpenseExampleYear10 | 2,378 | ||||||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 225 | ||||||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 694 | ||||||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 1,190 | ||||||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | 2,378 | ||||||||
1 Year | rr_AverageAnnualReturnYear01 | 5.44% | ||||||||
5 Years | rr_AverageAnnualReturnYear05 | 1.34% | ||||||||
Start of Performance | rr_AverageAnnualReturnSinceInception | 4.59% | [2] | |||||||
Federated Muni and Stock Advantage Fund | C
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Risk/Return: | rr_RiskReturnAbstract | |||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable) | rr_MaximumDeferredSalesChargeOverOther | 1.00% | ||||||||
Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price) | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||||||
Redemption Fee (as a percentage of amount redeemed, if applicable) | rr_RedemptionFeeOverRedemption | none | ||||||||
Exchange Fee | rr_ExchangeFeeOverRedemption | none | ||||||||
Management Fee | rr_ManagementFeesOverAssets | 1.00% | ||||||||
Distribution (12b-1) Fee | rr_DistributionAndService12b1FeesOverAssets | 0.75% | ||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.47% | ||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.22% | ||||||||
Fee Waivers and/or Expense Reimbursements | rr_FeeWaiverOrReimbursementOverAssets | 0.47% | [1] | |||||||
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements | rr_NetExpensesOverAssets | 1.75% | ||||||||
1 Year | rr_ExpenseExampleYear01 | 325 | ||||||||
3 Years | rr_ExpenseExampleYear03 | 694 | ||||||||
5 Years | rr_ExpenseExampleYear05 | 1,190 | ||||||||
10 Years | rr_ExpenseExampleYear10 | 2,554 | ||||||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 225 | ||||||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 694 | ||||||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 1,190 | ||||||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | 2,554 | ||||||||
1 Year | rr_AverageAnnualReturnYear01 | 9.94% | ||||||||
5 Years | rr_AverageAnnualReturnYear05 | 1.69% | ||||||||
Start of Performance | rr_AverageAnnualReturnSinceInception | 4.59% | [2] | |||||||
Federated Muni and Stock Advantage Fund | F
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Risk/Return: | rr_RiskReturnAbstract | |||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 1.00% | ||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable) | rr_MaximumDeferredSalesChargeOverOther | 1.00% | ||||||||
Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price) | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||||||
Redemption Fee (as a percentage of amount redeemed, if applicable) | rr_RedemptionFeeOverRedemption | none | ||||||||
Exchange Fee | rr_ExchangeFeeOverRedemption | none | ||||||||
Management Fee | rr_ManagementFeesOverAssets | 1.00% | ||||||||
Distribution (12b-1) Fee | rr_DistributionAndService12b1FeesOverAssets | none | ||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.47% | ||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.47% | ||||||||
Fee Waivers and/or Expense Reimbursements | rr_FeeWaiverOrReimbursementOverAssets | 0.47% | [1] | |||||||
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements | rr_NetExpensesOverAssets | 1.00% | ||||||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | 1,000,000 | ||||||||
1 Year | rr_ExpenseExampleYear01 | 348 | ||||||||
3 Years | rr_ExpenseExampleYear03 | 660 | ||||||||
5 Years | rr_ExpenseExampleYear05 | 895 | ||||||||
10 Years | rr_ExpenseExampleYear10 | 1,840 | ||||||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 248 | ||||||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 560 | ||||||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 895 | ||||||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | 1,840 | ||||||||
1 Year | rr_AverageAnnualReturnYear01 | 9.60% | ||||||||
5 Years | rr_AverageAnnualReturnYear05 | |||||||||
Start of Performance | rr_AverageAnnualReturnSinceInception | 1.84% | [2] | |||||||
Federated Muni and Stock Advantage Fund | IS
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Risk/Return: | rr_RiskReturnAbstract | |||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable) | rr_MaximumDeferredSalesChargeOverOther | none | ||||||||
Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price) | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||||||
Redemption Fee (as a percentage of amount redeemed, if applicable) | rr_RedemptionFeeOverRedemption | none | ||||||||
Exchange Fee | rr_ExchangeFeeOverRedemption | none | ||||||||
Management Fee | rr_ManagementFeesOverAssets | 1.00% | ||||||||
Distribution (12b-1) Fee | rr_DistributionAndService12b1FeesOverAssets | none | ||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.22% | ||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.22% | ||||||||
Fee Waivers and/or Expense Reimbursements | rr_FeeWaiverOrReimbursementOverAssets | 0.47% | [1] | |||||||
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements | rr_NetExpensesOverAssets | 0.75% | ||||||||
1 Year | rr_ExpenseExampleYear01 | 124 | ||||||||
3 Years | rr_ExpenseExampleYear03 | 387 | ||||||||
5 Years | rr_ExpenseExampleYear05 | 670 | ||||||||
10 Years | rr_ExpenseExampleYear10 | 1,477 | ||||||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 124 | ||||||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 387 | ||||||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 670 | ||||||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | 1,477 | ||||||||
1 Year | rr_AverageAnnualReturnYear01 | 11.94% | ||||||||
5 Years | rr_AverageAnnualReturnYear05 | 2.32% | ||||||||
Start of Performance | rr_AverageAnnualReturnSinceInception | 4.98% | [2] | |||||||
Federated Muni and Stock Advantage Fund | Return After Taxes on Distributions | A
|
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Risk/Return: | rr_RiskReturnAbstract | |||||||||
1 Year | rr_AverageAnnualReturnYear01 | 4.07% | ||||||||
5 Years | rr_AverageAnnualReturnYear05 | 0.79% | ||||||||
Start of Performance | rr_AverageAnnualReturnSinceInception | 4.29% | [2] | |||||||
Federated Muni and Stock Advantage Fund | Return After Taxes on Distributions and Sale of Fund Shares | A
|
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Risk/Return: | rr_RiskReturnAbstract | |||||||||
1 Year | rr_AverageAnnualReturnYear01 | 3.53% | ||||||||
5 Years | rr_AverageAnnualReturnYear05 | 1.16% | ||||||||
Start of Performance | rr_AverageAnnualReturnSinceInception | 4.22% | [2] | |||||||
Federated Muni and Stock Advantage Fund | S&P Municipal Bond Index (reflects no deduction for fees, expenses or taxes)
|
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Risk/Return: | rr_RiskReturnAbstract | |||||||||
1 Year | rr_AverageAnnualReturnYear01 | 10.64% | [3] | |||||||
5 Years | rr_AverageAnnualReturnYear05 | 4.86% | [3] | |||||||
Start of Performance | rr_AverageAnnualReturnSinceInception | 5.36% | [2],[3] | |||||||
Federated Muni and Stock Advantage Fund | Dow Jones U.S. Select Dividend Index (reflects no deduction for fees, expenses or taxes)
|
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Risk/Return: | rr_RiskReturnAbstract | |||||||||
1 Year | rr_AverageAnnualReturnYear01 | 12.42% | [4] | |||||||
5 Years | rr_AverageAnnualReturnYear05 | (0.66%) | [4] | |||||||
Start of Performance | rr_AverageAnnualReturnSinceInception | 5.90% | [2],[4] | |||||||
|