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. | 132 | |||
and/or | ||||
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 | ||||
Amendment No. | 125 | |||
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 ___ day of September 2013. |
FEDERATED INCOME SECURITIES TRUST |
BY: /s/ Gail C. Jones Gail C. Jones, 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/ Gail C. Jones Gail C. Jones, Assistant Secretary |
Attorney In Fact For the Persons Listed Below | September __, 2013 |
John F. Donahue * | Trustee | |
J. Christopher Donahue * | President and Trustee (Principal Executive Officer) | |
Lori A. Hensler* | Treasurer (Principal Financial Officer) | |
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 Floating Rate Strategic Income Fund Portfolio of Federated Income Securities Trust Post-Effective Amendment No. 132 |
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. 131 on September 6, 2013. 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.
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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 |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Registrant Name | dei_EntityRegistrantName | Federated Income Securities Trust |
Prospectus Date | rr_ProspectusDate | Sep. 06, 2013 |
Document Creation Date | dei_DocumentCreationDate | Sep. 06, 2013 |
*EDG6"_%QVIB,8M^_'.6E6E6DD)_?B`2M
E(LK4-=XO"+LI(N,AY5T7*@*FWV7JE9W/7CERO.LK)),D_%I
M*LC:$P+/Y,4N?UQG['"I%IL7^UN@A\W/_)ETM6@=EH7`$WG)E&@H`)NSY[6?
M.W7:NS,)-GTO;DL(=>G,)]B$KE:EH09L>C_+OFLG%?",7/Q)"%5ISRG@Z;F4
MFC2T@$WANHNU(?#<7%W\[(:1_'I1"#P[5U>;Q@7.XRHK5&-M"#Q-5P7Z/#LA
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MY"7D(4K+ZXP^&9ZPKZ$0;'[O*G21DNI-Y&)R.*%>F:IT=9=];WIEV$3?U:>1
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M/5>_EA+R'2C@V;L$A=2[EY5#X#F\1"H(R@`"3^,ET*+SM@8\?Y=`@4Z*F1!X
M^BZ9!HT#-^!)O"0:-,_S@:?R$FAP%5?T.+_(W]`$-O4+-!%'(X3`LWPU(MZO
MR`-)%U7INSP!/+.75`\!60#/ZB53I1WZ&`+/Z273HJ$`;,X6*$#?MC[]/HL?
MHH2NV[O:P";PZ[LX+Y_DU@V;O#OH138-F[O;"G0L&7C>KC;V!FS8%+V`K;+:
M9>:NO^UT5#BC_ZR_^%-L,0#HT3W+'`5LINE
M.6IT0(71`P5QB`IKI]3(]IN"*@TS:CJ^]-!5XLR68Y0LT-F:_G@(TN^3!8_4N=6#>
MJK2+IBULT'%+TJJY8M?>V@7>30?/BRJ$+DA,H*3-]@_WRV73],@?-_ODO]G^
MFW
AV5RB3
M0O3K(V4WH"-"=1:*XL:&$TZ(?H!K6?H>*``M4J8)AMN$[L[%WZZ68S-6FD)(
M&`FR(?PB&90GY=9K90G=Z^3.SM:U0C_4>I%Z7VN(ZZ(SMC(7FTX-8*(&P,8K
M)E(S/#'E8VNO;!7_](..C".C6E+4$;R&S.A'IAV75*.N&.UJ^5MT_X"S_'_6
M!!RGRV?^N"2T'*L9!7@8V8B`_*H0;4OM#U<*CJG58YJ:81L&DK-5]E\3X]G;
M\QZ*"<,?1]A$%':+!!,+T0E3AP9Y8V`'"0&>H-/;GF3(O=0?.-18LZ"T02K3
MI3"3ZN(KRSU-#=63=BU=)-_49B,BP[$:DH/#Z$>`XY=E+LU$Y%ZIU6.6%2W3
M$"&
Label | Element | Value | ||||||
---|---|---|---|---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |||||||
Registrant Name | dei_EntityRegistrantName | Federated Income Securities Trust | ||||||
Prospectus Date | rr_ProspectusDate | Sep. 06, 2013 | ||||||
Federated Floating Rate Strategic Income Fund
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Federated Floating Rate Strategic Income 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 total return consistent with current income and low interest rate volatility. | ||||||
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 the Fund's Class C Shares (C). You may qualify for certain sales charge discounts if you or your family invest, or agree to invest in the future, at least $50,000 in certain classes 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 21. | ||||||
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 | October 1, 2014 | ||||||
Fee Waiver Or Reimbursement Over Assets, Later Of Termination Or Next Effective Prospectus. | fist_FeeWaiverOrReimbursementOverAssetsLaterOfTerminationOrNextEffectiveProspectus | up to but not including the later of (the "Termination Date"): (a) October 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 17% of the average value of its portfolio. | ||||||
Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 17.00% | ||||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for certain sales charge discounts if you or your family invest, or agree to invest in the future, at least $50,000 in certain classes of Federated funds. | ||||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | $ 50,000 | ||||||
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 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 pursues its investment objective by allocating its portfolio of investments among the following three categories of the fixed-income market: domestic investment-grade; domestic noninvestment-grade, and foreign (in both emerging and developed markets). The Adviser will determine whether a security is investment-grade based upon the credit ratings given by one or more nationally recognized statistical rating organizations (NRSROs). If a security has not received a rating, the Fund must rely entirely upon the Adviser's credit assessment that the security is comparable to investment-grade. While the Fund's portfolio usually includes investments from all three categories, the Fund limits the amount that it may invest in a single category to 75% of its assets. From time to time, the Fund may receive equity securities in connection with the restructuring of defaulted corporate bonds, in general, and high-yield bonds, in particular. Under normal market conditions the Fund will endeavor to maintain an average effective portfolio duration within a range of negative two (-2) to positive three (+3) years, in order to manage Share price volatility due to interest rate risk. The Fund does not limit the effective duration with respect to its investment in any individual holding. Duration measures the price sensitivity of a fixed-income to changes in interest rates. Duration may be based on maturity date, call date or interest rate reset date. The Fund expects that it will primarily hold fixed-income investments that pay interest at rates that increase or decrease in response to changes in market interest rates (so-called "floating-rate investments"). The Fund may also invest in fixed-income investments that pay interest at a fixed rate (so-called "fixed-rate investments") that the Fund's investment adviser ("Adviser") believes have low interest rate sensitivity. The Fund will invest in adjustable-rate mortgages and floating-rate collateralized mortgage obligations in the domestic investment-grade category, loans made to noninvestment-grade borrowers (i.e., leveraged loans) in the noninvestment-grade category, and loan instruments (including trade finance) and debt securities in the foreign category. Within each category, the Fund may also invest in fixed- and floating-rate debt securities (including callable securities), as well as bank loans, that the Adviser believes will have relatively low sensitivity to changes in interest rates. The selection of individual portfolio securities involves an approach that is specific to each category of fixed-income investment and that relates, in part, to the risks inherent in the underlying sectors represented in each category. The investment process is designed to capture the depth of experience and focus of the Adviser's fixed-income sector teams–mortgage-backed, investment-grade corporate, high-yield corporate and international (both emerging and developed markets). Certain of the government securities in which the Fund invests are not backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation ("Freddie Mac"), the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits. The Fund may also invest in government securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association ("Ginnie Mae"). Finally, the Fund may invest in a few government securities that have no explicit financial support, but which are regarded as having implied support because the federal government sponsors their activities. The Fund may also invest in derivative contracts or hybrid instruments (such as, for example, futures contracts, option contracts and swap contracts) to implement its investment strategies as more fully described herein. The Fund may also invest its assets in securities of other investment companies, including the securities of affiliated money market funds, as an efficient means of implementing its investment strategies and/or managing its uninvested cash. The Fund may also invest in loan instruments, including trade finance loan instruments, and mortgage-backed, high-yield, inflation-protected and emerging markets debt securities primarily by investing in other investment companies (which are not available for general investment by the public) that own those securities and are advised by an affiliate of the Adviser. The Fund's investment in trade finance loan instruments through another investment company may expose the Fund to risks of loss after redemption. The Fund may also invest in such securities directly. These other investment companies are managed independently of the Fund and incur additional fees and/or expenses which would, therefore, be borne indirectly by the Fund in connection with any such investment. However, the Adviser believes that the benefits and efficiencies of this approach should outweigh the potential additional fees and/or expenses. Because the Fund refers to floating-rate fixed-income investments in its name, it will notify shareholders at least 60 days in advance of any change in its investment policies that would enable the Fund to normally invest less than 80% of its assets (plus any borrowings for investment purposes) in floating-rate fixed-income investments. For purposes of this limitation, a floating-rate investment includes any fixed-income investment that requires periodic changes in its interest rate based upon changes in a recognized index interest rate or another method of determining prevailing interest rates, including loan instruments subject to a floor and money market funds. The Fund may count the value of certain derivatives with floating-rate fixed-income characteristics towards its policy to invest in floating-rate fixed-income investments. |
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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. The Fund's C class will commence operations on or about September 6, 2013. The Fund offers two other classes of shares: Class A Shares and Institutional Shares (IS). For the period prior to the commencement of operations of the Fund's C class, the C class performance information shown below is the Fund's IS class performance adjusted to reflect the expenses of the Fund's C class for each year for which the expenses of the Fund's C class would have exceeded the actual expenses paid by the Fund's IS class. The performance shown in the table below also has been adjusted to reflect differences between the sales loads and charges imposed on the purchase and redemption of the Fund's IS class and C class. The bar chart and performance table below 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 C class total returns on a calendar year-by-year basis. The Average Annual Total Return Table shows returns 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 and performance table below 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 C class total returns on a calendar year-by-year basis. | ||||||
Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess | The Fund's C class will commence operations on or about September 6, 2013. | ||||||
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 Floating Rate Strategic Income Fund - C 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 sale 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 Fund's C class total return for the six-month period from January 1, 2013 to June 30, 2013, was 0.77%. Within the period shown in the bar chart, the Fund's C class highest quarterly return was 2.09% (quarter ended December 31, 2011). Its lowest quarterly return was (2.56)% (quarter ended September 30, 2011). |
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Performance Table Heading | rr_PerformanceTableHeading | Average Annual Total Return Table | ||||||
Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | 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. | ||||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | After-tax returns are not relevant to investors holding shares through 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 C class to illustrate the effect of federal taxes on Fund returns. | ||||||
Performance Table Narrative | rr_PerformanceTableNarrativeTextBlock | The Fund's C class will commence operations on or about September 6, 2013. For the period prior to the commencement of operations of the C class, the performance shown below is for the Fund's IS class, adjusted as described above. In addition to Return Before Taxes, Return After Taxes is shown for the Fund's C class to illustrate the effect of federal taxes on Fund returns. 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 a 401(k) plan, an Individual Retirement Account or other tax-advantaged investment plan. (For the Period Ended December 31, 2012) |
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Federated Floating Rate Strategic Income 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 | 0.60% | ||||||
Distribution (12b-1) Fee | rr_DistributionAndService12b1FeesOverAssets | 0.75% | ||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.51% | ||||||
Acquired Fund Fees and Expenses | rr_AcquiredFundFeesAndExpensesOverAssets | 0.11% | ||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.97% | ||||||
Fee Waivers and/or Expense Reimbursements | rr_FeeWaiverOrReimbursementOverAssets | 0.22% | [1] | |||||
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements | rr_NetExpensesOverAssets | 1.75% | ||||||
1 Year | rr_ExpenseExampleYear01 | 300 | ||||||
3 Years | rr_ExpenseExampleYear03 | 618 | ||||||
5 Years | rr_ExpenseExampleYear05 | 1,062 | ||||||
10 Years | rr_ExpenseExampleYear10 | 2,296 | ||||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 200 | ||||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 618 | ||||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 1,062 | ||||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | $ 2,296 | ||||||
2011 | rr_AnnualReturn2011 | (0.91%) | ||||||
2012 | rr_AnnualReturn2012 | 4.84% | ||||||
Year to Date Return, Label | rr_YearToDateReturnLabel | The Fund's C class total return for the six-month period | ||||||
Bar Chart, Year to Date Return, Date | rr_BarChartYearToDateReturnDate | Jun. 30, 2013 | ||||||
Bar Chart, Year to Date Return | rr_BarChartYearToDateReturn | 0.77% | ||||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | highest quarterly return | ||||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Dec. 31, 2011 | ||||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 2.09% | ||||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | lowest quarterly return | ||||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Sep. 30, 2011 | ||||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (2.56%) | ||||||
1 Year | rr_AverageAnnualReturnYear01 | 3.84% | ||||||
Start of Performance | rr_AverageAnnualReturnSinceInception | 1.89% | ||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Dec. 03, 2010 | ||||||
Federated Floating Rate Strategic Income Fund | Return After Taxes on Distributions | C
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Risk/Return: | rr_RiskReturnAbstract | |||||||
1 Year | rr_AverageAnnualReturnYear01 | 2.31% | ||||||
Start of Performance | rr_AverageAnnualReturnSinceInception | 0.40% | ||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Dec. 03, 2010 | ||||||
Federated Floating Rate Strategic Income Fund | Return After Taxes on Distributions and Sale of Fund Shares | C
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Risk/Return: | rr_RiskReturnAbstract | |||||||
1 Year | rr_AverageAnnualReturnYear01 | 2.48% | ||||||
Start of Performance | rr_AverageAnnualReturnSinceInception | 0.75% | ||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Dec. 03, 2010 | ||||||
Federated Floating Rate Strategic Income Fund | Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index (reflects no deduction for fees, expenses or taxes)
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Risk/Return: | rr_RiskReturnAbstract | |||||||
1 Year | rr_AverageAnnualReturnYear01 | 0.11% | [2] | |||||
Start of Performance | rr_AverageAnnualReturnSinceInception | 0.11% | [2] | |||||
Federated Floating Rate Strategic Income Fund | Blended Index (reflects no deduction for fees, expenses or taxes)
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Risk/Return: | rr_RiskReturnAbstract | |||||||
1 Year | rr_AverageAnnualReturnYear01 | 5.30% | [3] | |||||
Start of Performance | rr_AverageAnnualReturnSinceInception | 3.46% | [3] | |||||
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