0001623632-18-000864.txt : 20180710 0001623632-18-000864.hdr.sgml : 20180710 20180710144209 ACCESSION NUMBER: 0001623632-18-000864 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 15 FILED AS OF DATE: 20180710 DATE AS OF CHANGE: 20180710 EFFECTIVENESS DATE: 20180710 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FEDERATED WORLD INVESTMENT SERIES INC CENTRAL INDEX KEY: 0000918199 IRS NUMBER: 251726922 STATE OF INCORPORATION: MD FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-52149 FILM NUMBER: 18946777 BUSINESS ADDRESS: STREET 1: 4000 ERICSSON DRIVE CITY: WARRENDALE STATE: PA ZIP: 15086-7561 BUSINESS PHONE: 18003417400 MAIL ADDRESS: STREET 1: 4000 ERICSSON DRIVE CITY: WARRENDALE STATE: PA ZIP: 15086-7561 FORMER COMPANY: FORMER CONFORMED NAME: WORLD INVESTMENT SERIES INC DATE OF NAME CHANGE: 19940127 0000918199 S000009124 Federated International Leaders Fund C000024823 Class A Shares FGFAX C000024824 Class B Shares FGFBX C000024825 Class C Shares FGFCX C000090240 Institutional Shares FGFLX C000129977 Class R6 Shares FGRSX C000130407 Class R Shares FGFRX C000188304 Class T Shares FGFTX 497 1 form.htm

 

 

Federated International Leaders Fund (“Fund”)

Class A Shares

Class B Shares

Class C Shares

Class R Shares

Institutional Shares

Class R6 Shares

Class T Shares (“Classes”)

Portfolio of Federated World Investment Series, Inc.

 

This Rule 497(e) filing is submitted for the sole purpose of submitting the XBRL Interactive Data File exhibits for the revised Risk/Return Summary of the above-named Fund and Classes.  This Interactive Data File relates to, and incorporates by reference, the supplement to the Prospectus for the Fund and Classes filed pursuant to Rule 497(e) on June 28, 2018, Accession No. 0001623632-18-000830. The exhibits filed herewith do not constitute the complete publicly filed disclosure for the Fund and its Classes, and should be used in conjunction with the complete prospectuses for the Fund and its Classes, as revised.

 

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

 

EX-101.INS 2 fwisi-20180628.xml XBRL INSTANCE FILE 0000918199 2018-01-31 2018-01-31 0000918199 fwisi:ClassBCRISAndRsixSharesMember fwisi:S000009124Member 2018-01-31 2018-01-31 0000918199 fwisi:ClassTSharesMember fwisi:S000009124Member 2018-01-31 2018-01-31 2018-01-31 497 2017-11-30 FEDERATED WORLD INVESTMENT SERIES INC 0000918199 false 2018-06-28 2018-06-28 <div>Federated International Leaders Fund</div> <p>A Portfolio of Federated World Investment Series, Inc.</p> <p>CLASS A SHARES (TICKER FGFAX)<br/>CLASS B SHARES (TICKER FGFBX)<br/>CLASS C SHARES (TICKER FGFCX)<br/>CLASS R SHARES (TICKER FGFRX)<br/>INSTITUTIONAL SHARES (TICKER FGFLX)<br/>CLASS R6 SHARES (TICKER FGRSX)</p> <p>SUPPLEMENT TO PROSPECTUS DATED JANUARY 31, 2018 </p> <p>The Board of Directors of Federated International Leaders Fund (the "Fund") has approved a reduction in the Fund's management fee from 0.90% to 0.85% of the Fund's average daily net assets effective June 28, 2018:</p> <p>1. Under the section entitled "<b>RISK/RETURN SUMMARY: FEES AND EXPENSES</b>," please replace the "<b>Fee Table</b>" and "<b>Example</b>" in their entirety with the following:</p> <p>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 R Shares (R), Institutional Shares (IS) and Class R6 Shares (R6) of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in certain classes (e.g., A class) of Federated funds. More information about these and other discounts is available from your financial professional, in the "What Do Shares Cost?" section of the Prospectus on page 15 and in "Appendix B" to this Prospectus. If you purchase the Fund's IS and R6 shares through a broker acting as an agent on behalf of its customers, you may be required to pay a commission to such broker; such commissions, if any, are not reflected in the Example below.</p> <table> <tr> <td valign="top" align="left"> <b>Shareholder Fees (fees paid directly from your investment)</b> </td> <td valign="top" align="left">A</td> <td valign="top" align="left">B</td> <td valign="top" align="left">C</td> <td valign="top" align="left">R</td> <td valign="top" align="left">IS</td> <td valign="top" align="left">R6</td> </tr> <tr> <td valign="top" align="left">Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)</td> <td valign="top" align="left">5.50%</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left">Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable)</td> <td valign="top" align="left">0.00%</td> <td valign="top" align="left">5.50%</td> <td valign="top" align="left">1.00%</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left">Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price)</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left">Redemption Fee (as a percentage of amount redeemed, if applicable)</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left">Exchange Fee</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left"> <b>Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</b> <sup> <br/> </sup></td> <td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td></tr> <tr> <td valign="top" align="left">Management Fee<sup>1</sup></td> <td valign="top" align="left">0.85%</td> <td valign="top" align="left">0.85%</td> <td valign="top" align="left">0.85%</td> <td valign="top" align="left">0.85%</td> <td valign="top" align="left">0.85%</td> <td valign="top" align="left">0.85%</td> </tr> <tr> <td valign="top" align="left">Distribution (12b-1) Fee</td> <td valign="top" align="left">0.00%<sup>2</sup></td> <td valign="top" align="left">0.75%</td> <td valign="top" align="left">0.75%</td> <td valign="top" align="left">0.50%</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left">Other Expenses</td> <td valign="top" align="left">0.52%</td> <td valign="top" align="left">0.56%</td> <td valign="top" align="left">0.55%</td> <td valign="top" align="left">0.40%</td> <td valign="top" align="left">0.23%</td> <td valign="top" align="left">0.16%</td> </tr> <tr> <td valign="top" align="left">Acquired Fund Fees and Expenses</td> <td valign="top" align="left">0.02%</td> <td valign="top" align="left">0.02%</td> <td valign="top" align="left">0.02%</td> <td valign="top" align="left">0.02%</td> <td valign="top" align="left">0.02%</td> <td valign="top" align="left">0.02%</td> </tr> <tr> <td valign="top" align="left">Total Annual Fund Operating Expenses<sup>1</sup></td> <td valign="top" align="left">1.39%</td> <td valign="top" align="left">2.18%</td> <td valign="top" align="left">2.17%</td> <td valign="top" align="left">1.77%</td> <td valign="top" align="left">1.10%</td> <td valign="top" align="left">1.03%</td> </tr> <tr> <td valign="top" align="left">Fee Waivers and/or Expense Reimbursements<sup>1,3</sup></td> <td valign="top" align="left">(0.15)%</td> <td valign="top" align="left">(0.19)%</td> <td valign="top" align="left">(0.18)%</td> <td valign="top" align="left">(0.35)%</td> <td valign="top" align="left">(0.12)%</td> <td valign="top" align="left">(0.10)%</td> </tr> <tr> <td valign="top" align="left">Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements</td> <td valign="top" align="left">1.24%</td> <td valign="top" align="left">1.99%</td> <td valign="top" align="left">1.99%</td> <td valign="top" align="left">1.42%</td> <td valign="top" align="left">0.98%</td> <td valign="top" align="left">0.93%</td> </tr> </table> <p>1The Management Fee, Total Annual Fund Operating Expenses and Fee Waivers and/or Expense Reimbursements have been restated to reflect current fees due to a reduction in the stated, gross Management Fee for the Fund.</p> <p>2The Fund has adopted a Distribution (12b-1) Plan for its Class A shares pursuant to which the A class of the Fund may incur or charge a Distribution (12b-1) fee of up to a maximum amount of 0.05%. No such fee is currently incurred or charged by the A class of the Fund. The A class of the Fund will not incur or charge such a Distribution (12b-1) fee until such time as approved by the Fund's Board of Directors.</p> <p>3The Adviser and certain of its affiliates on their own initiative have agreed to waive certain amounts of their respective fees and/or reimburse expenses. Effective February 1, 2018, total annual fund operating expenses (excluding Acquired Fund Fees and Expenses, interest expense, tax reclaim recovery expenses, proxy-related expenses and extraordinary expenses, if any) paid by the Fund's A, B, C, R, IS and R6 classes (after the voluntary waivers and/or reimbursements) will not exceed 1.22%, 1.97%, 1.97%, 1.41%, 0.96% and 0.91% (the "Fee Limit"), respectively, up to but not including the later of (the "Termination Date"): (a) February 1, 2019; or (b) the date of the Fund's next effective Prospectus. While the Adviser and its affiliates currently do not anticipate terminating or increasing these arrangements prior to the Termination Date, these arrangements may only be terminated or the Fee Limit increased prior to the Termination Date with the agreement of the Fund's Board of Directors.</p> <p></p> <h3>Example</h3> <p>This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.</p> <p>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:</p> <table> <tr> <td valign="top" align="left"> <b>Share Class</b></td> <td valign="top" align="left">1 Year</td> <td valign="top" align="left">3 Years</td> <td valign="top" align="left">5 Years</td> <td valign="top" align="left">10 Years</td> </tr> <tr> <td valign="top" align="left"> <b>A:</b> </td> <td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td></tr> <tr> <td valign="top" align="left">Expenses assuming redemption</td> <td valign="top" align="left">$684</td> <td valign="top" align="left">$966</td> <td valign="top" align="left">$1,269</td> <td valign="top" align="left">$2,127</td> </tr> <tr> <td valign="top" align="left">Expenses assuming no redemption</td> <td valign="top" align="left">$684</td> <td valign="top" align="left">$966</td> <td valign="top" align="left">$1,269</td> <td valign="top" align="left">$2,127</td> </tr> <tr> <td valign="top" align="left"> <b>B:</b> </td> <td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td></tr> <tr> <td valign="top" align="left">Expenses assuming redemption</td> <td valign="top" align="left">$771</td> <td valign="top" align="left"> $1,082</td> <td valign="top" align="left">$1,370</td> <td valign="top" align="left">$2,313</td> </tr> <tr> <td valign="top" align="left">Expenses assuming no redemption</td> <td valign="top" align="left">$221</td> <td valign="top" align="left">$682</td> <td valign="top" align="left">$1,170</td> <td valign="top" align="left">$2,313</td> </tr> <tr> <td valign="top" align="left"> <b>C:</b> </td> <td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td></tr> <tr> <td valign="top" align="left">Expenses assuming redemption</td> <td valign="top" align="left">$320</td> <td valign="top" align="left">$679</td> <td valign="top" align="left">$1,164</td> <td valign="top" align="left">$2.503</td> </tr> <tr> <td valign="top" align="left">Expenses assuming no redemption</td> <td valign="top" align="left">$220</td> <td valign="top" align="left">$679</td> <td valign="top" align="left">$1,164</td> <td valign="top" align="left">$2.503</td> </tr> <tr> <td valign="top" align="left"> <b>R:</b> </td> <td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td></tr> <tr> <td valign="top" align="left">Expenses assuming redemption</td> <td valign="top" align="left">$180</td> <td valign="top" align="left">$557</td> <td valign="top" align="left">$959</td> <td valign="top" align="left">$2,084</td> </tr> <tr> <td valign="top" align="left">Expenses assuming no redemption</td> <td valign="top" align="left">$180</td> <td valign="top" align="left">$557</td> <td valign="top" align="left">$959</td> <td valign="top" align="left">$2,084</td> </tr> <tr> <td valign="top" align="left"> <b>IS:</b> </td> <td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td></tr> <tr> <td valign="top" align="left">Expenses assuming redemption</td> <td valign="top" align="left">$112</td> <td valign="top" align="left">$350</td> <td valign="top" align="left">$606</td> <td valign="top" align="left">$1,340</td> </tr> <tr> <td valign="top" align="left">Expenses assuming no redemption</td> <td valign="top" align="left">$112</td> <td valign="top" align="left">$350</td> <td valign="top" align="left">$606</td> <td valign="top" align="left">$1,340</td> </tr> <tr> <td valign="top" align="left"> <b>R6:</b> </td> <td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td></tr> <tr> <td valign="top" align="left">Expenses assuming redemption</td> <td valign="top" align="left">$105</td> <td valign="top" align="left">$328</td> <td valign="top" align="left">$569</td> <td valign="top" align="left">$1,259</td> </tr> <tr> <td valign="top" align="left">Expenses assuming no redemption</td> <td valign="top" align="left">$105</td> <td valign="top" align="left">$328</td> <td valign="top" align="left">$569</td> <td valign="top" align="left">$1,259</td> </tr> </table><br/> <p>Federated International Leaders Fund</p> <p>A Portfolio of Federated World Investment Series, Inc.</p> <p>CLASS T SHARES (TICKER FGFTX)</p> <p>SUPPLEMENT TO PROSPECTUS DATED JANUARY 31, 2018 </p> <p>The Board of Directors of Federated International Leaders Fund (the "Fund") has approved a reduction in the Fund's management fee from 0.90% to 0.85% of the Fund's average daily net assets effective June 28, 2018:</p> <p>1. Under the section entitled "<b>RISK/RETURN SUMMARY: FEES AND EXPENSES</b>," please replace the "<b>Fee Table</b>" and "<b>Example</b>" in their entirety with the following:</p> <p>This table describes the fees and expenses that you may pay if you buy and hold Class T Shares (T) of the Fund.</p> <table> <tr> <td valign="top" align="left"> <b>Shareholder Fees (fees paid directly from your investment)</b> </td> <td valign="top" align="left">T</td> </tr> <tr> <td valign="top" align="left">Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)</td> <td valign="top" align="left">2.50%</td> </tr> <tr> <td valign="top" align="left">Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable)</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left">Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price)</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left">Redemption Fee (as a percentage of amount redeemed, if applicable)</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left">Exchange Fee</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left"> <b>Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</b> <sup> <br/> </sup></td> <td valign="top" align="left"> </td></tr> <tr> <td valign="top" align="left">Management Fee<sup>1</sup></td> <td valign="top" align="left">0.85%</td> </tr> <tr> <td valign="top" align="left">Distribution (12b-1) Fee</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left">Other Expenses<sup>2</sup></td> <td valign="top" align="left">0.52%</td> </tr> <tr> <td valign="top" align="left">Acquired Fund Fees and Expenses</td> <td valign="top" align="left">0.02%</td> </tr> <tr> <td valign="top" align="left">Total Annual Fund Operating Expenses<sup>1</sup></td> <td valign="top" align="left">1.39%</td> </tr> <tr> <td valign="top" align="left">Fee Waivers and/or Expense Reimbursements<sup>1,3</sup></td> <td valign="top" align="left">(0.15)%</td> </tr> <tr> <td valign="top" align="left">Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements</td> <td valign="top" align="left">1.24%</td> </tr> </table> <p>1The Management Fee, Total Annual Fund Operating Expenses and Fee Waivers and/or Expense Reimbursements have been restated to reflect current fees due to a reduction in the stated, gross Management Fee for the Fund.</p> <p>2Because the Class T Shares have not yet commenced operations, "Other Expenses" are based on estimated amounts for the current fiscal year.</p> <p>3The Adviser and certain of its affiliates on their own initiative have agreed to waive certain amounts of their respective fees and/or reimburse expenses. Effective February 1, 2018, total annual fund operating expenses (excluding Acquired Fund Fees and Expenses, tax reclaim recovery expenses, proxy-related expenses, interest expense and extraordinary expenses, if any) paid by the Fund's T class (after the voluntary waivers and/or reimbursements) will not exceed 1.22% (the "Fee Limit"), up to but not including the later of (the "Termination Date"): (a) February 1, 2019; or (b) the date of the Fund's next effective Prospectus. While the Adviser and its affiliates currently do not anticipate terminating or increasing these arrangements prior to the Termination Date, these arrangements may only be terminated or the Fee Limit increased prior to the Termination Date with the agreement of the Fund's Board of Directors.</p> <h3>Example</h3> <p>This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.</p> <p>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. 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:</p> <table> <tr> <td valign="top" align="left">1 Year</td> <td valign="top" align="left">$388</td> </tr> <tr> <td valign="top" align="left">3 Years</td> <td valign="top" align="left">$679</td> </tr> <tr> <td valign="top" align="left">5 Years</td> <td valign="top" align="left">$991</td> </tr> <tr> <td valign="top" align="left">10 Years</td> <td valign="top" align="left">$1,877</td> </tr> </table> <div>Federated International Leaders Fund</div> <p>A Portfolio of Federated World Investment Series, Inc.</p> <p>CLASS A SHARES (TICKER FGFAX)<br/>CLASS B SHARES (TICKER FGFBX)<br/>CLASS C SHARES (TICKER FGFCX)<br/>CLASS R SHARES (TICKER FGFRX)<br/>INSTITUTIONAL SHARES (TICKER FGFLX)<br/>CLASS R6 SHARES (TICKER FGRSX)</p> <p>SUPPLEMENT TO PROSPECTUS DATED JANUARY 31, 2018 </p> <p>The Board of Directors of Federated International Leaders Fund (the "Fund") has approved a reduction in the Fund's management fee from 0.90% to 0.85% of the Fund's average daily net assets effective June 28, 2018:</p> <p>1. Under the section entitled "<b>RISK/RETURN SUMMARY: FEES AND EXPENSES</b>," please replace the "<b>Fee Table</b>" and "<b>Example</b>" in their entirety with the following:</p> <p>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 R Shares (R), Institutional Shares (IS) and Class R6 Shares (R6) of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in certain classes (e.g., A class) of Federated funds. More information about these and other discounts is available from your financial professional, in the "What Do Shares Cost?" section of the Prospectus on page 15 and in "Appendix B" to this Prospectus. If you purchase the Fund's IS and R6 shares through a broker acting as an agent on behalf of its customers, you may be required to pay a commission to such broker; such commissions, if any, are not reflected in the Example below.</p> <table> <tr> <td valign="top" align="left"> <b>Shareholder Fees (fees paid directly from your investment)</b> </td> <td valign="top" align="left">A</td> <td valign="top" align="left">B</td> <td valign="top" align="left">C</td> <td valign="top" align="left">R</td> <td valign="top" align="left">IS</td> <td valign="top" align="left">R6</td> </tr> <tr> <td valign="top" align="left">Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)</td> <td valign="top" align="left">5.50%</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left">Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable)</td> <td valign="top" align="left">0.00%</td> <td valign="top" align="left">5.50%</td> <td valign="top" align="left">1.00%</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left">Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price)</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left">Redemption Fee (as a percentage of amount redeemed, if applicable)</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left">Exchange Fee</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left"> <b>Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</b> <sup> <br/> </sup></td> <td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td></tr> <tr> <td valign="top" align="left">Management Fee<sup>1</sup></td> <td valign="top" align="left">0.85%</td> <td valign="top" align="left">0.85%</td> <td valign="top" align="left">0.85%</td> <td valign="top" align="left">0.85%</td> <td valign="top" align="left">0.85%</td> <td valign="top" align="left">0.85%</td> </tr> <tr> <td valign="top" align="left">Distribution (12b-1) Fee</td> <td valign="top" align="left">0.00%<sup>2</sup></td> <td valign="top" align="left">0.75%</td> <td valign="top" align="left">0.75%</td> <td valign="top" align="left">0.50%</td> <td valign="top" align="left">None</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left">Other Expenses</td> <td valign="top" align="left">0.52%</td> <td valign="top" align="left">0.56%</td> <td valign="top" align="left">0.55%</td> <td valign="top" align="left">0.40%</td> <td valign="top" align="left">0.23%</td> <td valign="top" align="left">0.16%</td> </tr> <tr> <td valign="top" align="left">Acquired Fund Fees and Expenses</td> <td valign="top" align="left">0.02%</td> <td valign="top" align="left">0.02%</td> <td valign="top" align="left">0.02%</td> <td valign="top" align="left">0.02%</td> <td valign="top" align="left">0.02%</td> <td valign="top" align="left">0.02%</td> </tr> <tr> <td valign="top" align="left">Total Annual Fund Operating Expenses<sup>1</sup></td> <td valign="top" align="left">1.39%</td> <td valign="top" align="left">2.18%</td> <td valign="top" align="left">2.17%</td> <td valign="top" align="left">1.77%</td> <td valign="top" align="left">1.10%</td> <td valign="top" align="left">1.03%</td> </tr> <tr> <td valign="top" align="left">Fee Waivers and/or Expense Reimbursements<sup>1,3</sup></td> <td valign="top" align="left">(0.15)%</td> <td valign="top" align="left">(0.19)%</td> <td valign="top" align="left">(0.18)%</td> <td valign="top" align="left">(0.35)%</td> <td valign="top" align="left">(0.12)%</td> <td valign="top" align="left">(0.10)%</td> </tr> <tr> <td valign="top" align="left">Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements</td> <td valign="top" align="left">1.24%</td> <td valign="top" align="left">1.99%</td> <td valign="top" align="left">1.99%</td> <td valign="top" align="left">1.42%</td> <td valign="top" align="left">0.98%</td> <td valign="top" align="left">0.93%</td> </tr> </table> <p>1The Management Fee, Total Annual Fund Operating Expenses and Fee Waivers and/or Expense Reimbursements have been restated to reflect current fees due to a reduction in the stated, gross Management Fee for the Fund.</p> <p>2The Fund has adopted a Distribution (12b-1) Plan for its Class A shares pursuant to which the A class of the Fund may incur or charge a Distribution (12b-1) fee of up to a maximum amount of 0.05%. No such fee is currently incurred or charged by the A class of the Fund. The A class of the Fund will not incur or charge such a Distribution (12b-1) fee until such time as approved by the Fund's Board of Directors.</p> <p>3The Adviser and certain of its affiliates on their own initiative have agreed to waive certain amounts of their respective fees and/or reimburse expenses. Effective February 1, 2018, total annual fund operating expenses (excluding Acquired Fund Fees and Expenses, interest expense, tax reclaim recovery expenses, proxy-related expenses and extraordinary expenses, if any) paid by the Fund's A, B, C, R, IS and R6 classes (after the voluntary waivers and/or reimbursements) will not exceed 1.22%, 1.97%, 1.97%, 1.41%, 0.96% and 0.91% (the "Fee Limit"), respectively, up to but not including the later of (the "Termination Date"): (a) February 1, 2019; or (b) the date of the Fund's next effective Prospectus. While the Adviser and its affiliates currently do not anticipate terminating or increasing these arrangements prior to the Termination Date, these arrangements may only be terminated or the Fee Limit increased prior to the Termination Date with the agreement of the Fund's Board of Directors.</p> <p></p> <h3>Example</h3> <p>This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.</p> <p>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:</p> <table> <tr> <td valign="top" align="left"> <b>Share Class</b></td> <td valign="top" align="left">1 Year</td> <td valign="top" align="left">3 Years</td> <td valign="top" align="left">5 Years</td> <td valign="top" align="left">10 Years</td> </tr> <tr> <td valign="top" align="left"> <b>A:</b> </td> <td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td></tr> <tr> <td valign="top" align="left">Expenses assuming redemption</td> <td valign="top" align="left">$684</td> <td valign="top" align="left">$966</td> <td valign="top" align="left">$1,269</td> <td valign="top" align="left">$2,127</td> </tr> <tr> <td valign="top" align="left">Expenses assuming no redemption</td> <td valign="top" align="left">$684</td> <td valign="top" align="left">$966</td> <td valign="top" align="left">$1,269</td> <td valign="top" align="left">$2,127</td> </tr> <tr> <td valign="top" align="left"> <b>B:</b> </td> <td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td></tr> <tr> <td valign="top" align="left">Expenses assuming redemption</td> <td valign="top" align="left">$771</td> <td valign="top" align="left"> $1,082</td> <td valign="top" align="left">$1,370</td> <td valign="top" align="left">$2,313</td> </tr> <tr> <td valign="top" align="left">Expenses assuming no redemption</td> <td valign="top" align="left">$221</td> <td valign="top" align="left">$682</td> <td valign="top" align="left">$1,170</td> <td valign="top" align="left">$2,313</td> </tr> <tr> <td valign="top" align="left"> <b>C:</b> </td> <td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td></tr> <tr> <td valign="top" align="left">Expenses assuming redemption</td> <td valign="top" align="left">$320</td> <td valign="top" align="left">$679</td> <td valign="top" align="left">$1,164</td> <td valign="top" align="left">$2.503</td> </tr> <tr> <td valign="top" align="left">Expenses assuming no redemption</td> <td valign="top" align="left">$220</td> <td valign="top" align="left">$679</td> <td valign="top" align="left">$1,164</td> <td valign="top" align="left">$2.503</td> </tr> <tr> <td valign="top" align="left"> <b>R:</b> </td> <td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td></tr> <tr> <td valign="top" align="left">Expenses assuming redemption</td> <td valign="top" align="left">$180</td> <td valign="top" align="left">$557</td> <td valign="top" align="left">$959</td> <td valign="top" align="left">$2,084</td> </tr> <tr> <td valign="top" align="left">Expenses assuming no redemption</td> <td valign="top" align="left">$180</td> <td valign="top" align="left">$557</td> <td valign="top" align="left">$959</td> <td valign="top" align="left">$2,084</td> </tr> <tr> <td valign="top" align="left"> <b>IS:</b> </td> <td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td></tr> <tr> <td valign="top" align="left">Expenses assuming redemption</td> <td valign="top" align="left">$112</td> <td valign="top" align="left">$350</td> <td valign="top" align="left">$606</td> <td valign="top" align="left">$1,340</td> </tr> <tr> <td valign="top" align="left">Expenses assuming no redemption</td> <td valign="top" align="left">$112</td> <td valign="top" align="left">$350</td> <td valign="top" align="left">$606</td> <td valign="top" align="left">$1,340</td> </tr> <tr> <td valign="top" align="left"> <b>R6:</b> </td> <td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td><td valign="top" align="left"> </td></tr> <tr> <td valign="top" align="left">Expenses assuming redemption</td> <td valign="top" align="left">$105</td> <td valign="top" align="left">$328</td> <td valign="top" align="left">$569</td> <td valign="top" align="left">$1,259</td> </tr> <tr> <td valign="top" align="left">Expenses assuming no redemption</td> <td valign="top" align="left">$105</td> <td valign="top" align="left">$328</td> <td valign="top" align="left">$569</td> <td valign="top" align="left">$1,259</td> </tr> </table> <p>Federated International Leaders Fund</p> <p>A Portfolio of Federated World Investment Series, Inc.</p> <p>CLASS T SHARES (TICKER FGFTX)</p> <p>SUPPLEMENT TO PROSPECTUS DATED JANUARY 31, 2018 </p> <p>The Board of Directors of Federated International Leaders Fund (the "Fund") has approved a reduction in the Fund's management fee from 0.90% to 0.85% of the Fund's average daily net assets effective June 28, 2018:</p> <p>1. Under the section entitled "<b>RISK/RETURN SUMMARY: FEES AND EXPENSES</b>," please replace the "<b>Fee Table</b>" and "<b>Example</b>" in their entirety with the following:</p> <p>This table describes the fees and expenses that you may pay if you buy and hold Class T Shares (T) of the Fund.</p> <table> <tr> <td valign="top" align="left"> <b>Shareholder Fees (fees paid directly from your investment)</b> </td> <td valign="top" align="left">T</td> </tr> <tr> <td valign="top" align="left">Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)</td> <td valign="top" align="left">2.50%</td> </tr> <tr> <td valign="top" align="left">Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable)</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left">Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price)</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left">Redemption Fee (as a percentage of amount redeemed, if applicable)</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left">Exchange Fee</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left"> <b>Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</b> <sup> <br/> </sup></td> <td valign="top" align="left"> </td></tr> <tr> <td valign="top" align="left">Management Fee<sup>1</sup></td> <td valign="top" align="left">0.85%</td> </tr> <tr> <td valign="top" align="left">Distribution (12b-1) Fee</td> <td valign="top" align="left">None</td> </tr> <tr> <td valign="top" align="left">Other Expenses<sup>2</sup></td> <td valign="top" align="left">0.52%</td> </tr> <tr> <td valign="top" align="left">Acquired Fund Fees and Expenses</td> <td valign="top" align="left">0.02%</td> </tr> <tr> <td valign="top" align="left">Total Annual Fund Operating Expenses<sup>1</sup></td> <td valign="top" align="left">1.39%</td> </tr> <tr> <td valign="top" align="left">Fee Waivers and/or Expense Reimbursements<sup>1,3</sup></td> <td valign="top" align="left">(0.15)%</td> </tr> <tr> <td valign="top" align="left">Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements</td> <td valign="top" align="left">1.24%</td> </tr> </table> <p>1The Management Fee, Total Annual Fund Operating Expenses and Fee Waivers and/or Expense Reimbursements have been restated to reflect current fees due to a reduction in the stated, gross Management Fee for the Fund.</p> <p>2Because the Class T Shares have not yet commenced operations, "Other Expenses" are based on estimated amounts for the current fiscal year.</p> <p>3The Adviser and certain of its affiliates on their own initiative have agreed to waive certain amounts of their respective fees and/or reimburse expenses. Effective February 1, 2018, total annual fund operating expenses (excluding Acquired Fund Fees and Expenses, tax reclaim recovery expenses, proxy-related expenses, interest expense and extraordinary expenses, if any) paid by the Fund's T class (after the voluntary waivers and/or reimbursements) will not exceed 1.22% (the "Fee Limit"), up to but not including the later of (the "Termination Date"): (a) February 1, 2019; or (b) the date of the Fund's next effective Prospectus. While the Adviser and its affiliates currently do not anticipate terminating or increasing these arrangements prior to the Termination Date, these arrangements may only be terminated or the Fee Limit increased prior to the Termination Date with the agreement of the Fund's Board of Directors.</p> <h3>Example</h3> <p>This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.</p> <p>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. 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:</p> <table> <tr> <td valign="top" align="left">1 Year</td> <td valign="top" align="left">$388</td> </tr> <tr> <td valign="top" align="left">3 Years</td> <td valign="top" align="left">$679</td> </tr> <tr> <td valign="top" align="left">5 Years</td> <td valign="top" align="left">$991</td> </tr> <tr> <td valign="top" align="left">10 Years</td> <td valign="top" align="left">$1,877</td> </tr> </table> EX-101.SCH 3 fwisi-20180628.xsd XBRL SCHEMA FILE 000000 - Document - Document and Entity Information {Elements} link:presentationLink link:calculationLink link:definitionLink 000011 - Document - Risk/Return Supplement {Unlabeled} - Federated International Leaders Fund link:presentationLink link:calculationLink link:definitionLink 000019 - Disclosure - Risk/Return Detail Data {Elements} - Federated International Leaders Fund link:presentationLink link:calculationLink link:definitionLink EX-101.DEF 4 fwisi-20180628_def.xml XBRL DEFINITION FILE EX-101.LAB 5 fwisi-20180628_lab.xml XBRL LABEL FILE EX-101.PRE 6 fwisi-20180628_pre.xml XBRL PRESENTATION FILE XML 8 R1.htm IDEA: XBRL DOCUMENT v3.10.0.1
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Jan. 31, 2018
Federated International Leaders Fund

A Portfolio of Federated World Investment Series, Inc.

CLASS A SHARES (TICKER FGFAX)
CLASS B SHARES (TICKER FGFBX)
CLASS C SHARES (TICKER FGFCX)
CLASS R SHARES (TICKER FGFRX)
INSTITUTIONAL SHARES (TICKER FGFLX)
CLASS R6 SHARES (TICKER FGRSX)

SUPPLEMENT TO PROSPECTUS DATED JANUARY 31, 2018

The Board of Directors of Federated International Leaders Fund (the "Fund") has approved a reduction in the Fund's management fee from 0.90% to 0.85% of the Fund's average daily net assets effective June 28, 2018:

1. Under the section entitled "RISK/RETURN SUMMARY: FEES AND EXPENSES," please replace the "Fee Table" and "Example" in their entirety with the following:

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 R Shares (R), Institutional Shares (IS) and Class R6 Shares (R6) of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in certain classes (e.g., A class) of Federated funds. More information about these and other discounts is available from your financial professional, in the "What Do Shares Cost?" section of the Prospectus on page 15 and in "Appendix B" to this Prospectus. If you purchase the Fund's IS and R6 shares through a broker acting as an agent on behalf of its customers, you may be required to pay a commission to such broker; such commissions, if any, are not reflected in the Example below.

Shareholder Fees (fees paid directly from your investment) A B C R IS R6
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% None None None None None
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable) 0.00% 5.50% 1.00% None None None
Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price) None None None None None None
Redemption Fee (as a percentage of amount redeemed, if applicable) None None None None None None
Exchange Fee None None None None None None
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fee1 0.85% 0.85% 0.85% 0.85% 0.85% 0.85%
Distribution (12b-1) Fee 0.00%2 0.75% 0.75% 0.50% None None
Other Expenses 0.52% 0.56% 0.55% 0.40% 0.23% 0.16%
Acquired Fund Fees and Expenses 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
Total Annual Fund Operating Expenses1 1.39% 2.18% 2.17% 1.77% 1.10% 1.03%
Fee Waivers and/or Expense Reimbursements1,3 (0.15)% (0.19)% (0.18)% (0.35)% (0.12)% (0.10)%
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements 1.24% 1.99% 1.99% 1.42% 0.98% 0.93%

1The Management Fee, Total Annual Fund Operating Expenses and Fee Waivers and/or Expense Reimbursements have been restated to reflect current fees due to a reduction in the stated, gross Management Fee for the Fund.

2The Fund has adopted a Distribution (12b-1) Plan for its Class A shares pursuant to which the A class of the Fund may incur or charge a Distribution (12b-1) fee of up to a maximum amount of 0.05%. No such fee is currently incurred or charged by the A class of the Fund. The A class of the Fund will not incur or charge such a Distribution (12b-1) fee until such time as approved by the Fund's Board of Directors.

3The Adviser and certain of its affiliates on their own initiative have agreed to waive certain amounts of their respective fees and/or reimburse expenses. Effective February 1, 2018, total annual fund operating expenses (excluding Acquired Fund Fees and Expenses, interest expense, tax reclaim recovery expenses, proxy-related expenses and extraordinary expenses, if any) paid by the Fund's A, B, C, R, IS and R6 classes (after the voluntary waivers and/or reimbursements) will not exceed 1.22%, 1.97%, 1.97%, 1.41%, 0.96% and 0.91% (the "Fee Limit"), respectively, up to but not including the later of (the "Termination Date"): (a) February 1, 2019; or (b) the date of the Fund's next effective Prospectus. While the Adviser and its affiliates currently do not anticipate terminating or increasing these arrangements prior to the Termination Date, these arrangements may only be terminated or the Fee Limit increased prior to the Termination Date with the agreement of the Fund's Board of Directors.

Example

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:

Share Class 1 Year 3 Years 5 Years 10 Years
A:
Expenses assuming redemption $684 $966 $1,269 $2,127
Expenses assuming no redemption $684 $966 $1,269 $2,127
B:
Expenses assuming redemption $771 $1,082 $1,370 $2,313
Expenses assuming no redemption $221 $682 $1,170 $2,313
C:
Expenses assuming redemption $320 $679 $1,164 $2.503
Expenses assuming no redemption $220 $679 $1,164 $2.503
R:
Expenses assuming redemption $180 $557 $959 $2,084
Expenses assuming no redemption $180 $557 $959 $2,084
IS:
Expenses assuming redemption $112 $350 $606 $1,340
Expenses assuming no redemption $112 $350 $606 $1,340
R6:
Expenses assuming redemption $105 $328 $569 $1,259
Expenses assuming no redemption $105 $328 $569 $1,259

Federated International Leaders Fund

A Portfolio of Federated World Investment Series, Inc.

CLASS T SHARES (TICKER FGFTX)

SUPPLEMENT TO PROSPECTUS DATED JANUARY 31, 2018

The Board of Directors of Federated International Leaders Fund (the "Fund") has approved a reduction in the Fund's management fee from 0.90% to 0.85% of the Fund's average daily net assets effective June 28, 2018:

1. Under the section entitled "RISK/RETURN SUMMARY: FEES AND EXPENSES," please replace the "Fee Table" and "Example" in their entirety with the following:

This table describes the fees and expenses that you may pay if you buy and hold Class T Shares (T) of the Fund.

Shareholder Fees (fees paid directly from your investment) T
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 2.50%
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable) None
Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price) None
Redemption Fee (as a percentage of amount redeemed, if applicable) None
Exchange Fee None
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fee1 0.85%
Distribution (12b-1) Fee None
Other Expenses2 0.52%
Acquired Fund Fees and Expenses 0.02%
Total Annual Fund Operating Expenses1 1.39%
Fee Waivers and/or Expense Reimbursements1,3 (0.15)%
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements 1.24%

1The Management Fee, Total Annual Fund Operating Expenses and Fee Waivers and/or Expense Reimbursements have been restated to reflect current fees due to a reduction in the stated, gross Management Fee for the Fund.

2Because the Class T Shares have not yet commenced operations, "Other Expenses" are based on estimated amounts for the current fiscal year.

3The Adviser and certain of its affiliates on their own initiative have agreed to waive certain amounts of their respective fees and/or reimburse expenses. Effective February 1, 2018, total annual fund operating expenses (excluding Acquired Fund Fees and Expenses, tax reclaim recovery expenses, proxy-related expenses, interest expense and extraordinary expenses, if any) paid by the Fund's T class (after the voluntary waivers and/or reimbursements) will not exceed 1.22% (the "Fee Limit"), up to but not including the later of (the "Termination Date"): (a) February 1, 2019; or (b) the date of the Fund's next effective Prospectus. While the Adviser and its affiliates currently do not anticipate terminating or increasing these arrangements prior to the Termination Date, these arrangements may only be terminated or the Fee Limit increased prior to the Termination Date with the agreement of the Fund's Board of Directors.

Example

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. 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:

1 Year $388
3 Years $679
5 Years $991
10 Years $1,877
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Prospectus Date rr_ProspectusDate Jan. 31, 2018
Supplement [Text Block] fwisi_SupplementTextBlock
Federated International Leaders Fund

A Portfolio of Federated World Investment Series, Inc.

CLASS A SHARES (TICKER FGFAX)
CLASS B SHARES (TICKER FGFBX)
CLASS C SHARES (TICKER FGFCX)
CLASS R SHARES (TICKER FGFRX)
INSTITUTIONAL SHARES (TICKER FGFLX)
CLASS R6 SHARES (TICKER FGRSX)

SUPPLEMENT TO PROSPECTUS DATED JANUARY 31, 2018

The Board of Directors of Federated International Leaders Fund (the "Fund") has approved a reduction in the Fund's management fee from 0.90% to 0.85% of the Fund's average daily net assets effective June 28, 2018:

1. Under the section entitled "RISK/RETURN SUMMARY: FEES AND EXPENSES," please replace the "Fee Table" and "Example" in their entirety with the following:

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 R Shares (R), Institutional Shares (IS) and Class R6 Shares (R6) of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in certain classes (e.g., A class) of Federated funds. More information about these and other discounts is available from your financial professional, in the "What Do Shares Cost?" section of the Prospectus on page 15 and in "Appendix B" to this Prospectus. If you purchase the Fund's IS and R6 shares through a broker acting as an agent on behalf of its customers, you may be required to pay a commission to such broker; such commissions, if any, are not reflected in the Example below.

Shareholder Fees (fees paid directly from your investment) A B C R IS R6
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% None None None None None
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable) 0.00% 5.50% 1.00% None None None
Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price) None None None None None None
Redemption Fee (as a percentage of amount redeemed, if applicable) None None None None None None
Exchange Fee None None None None None None
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fee1 0.85% 0.85% 0.85% 0.85% 0.85% 0.85%
Distribution (12b-1) Fee 0.00%2 0.75% 0.75% 0.50% None None
Other Expenses 0.52% 0.56% 0.55% 0.40% 0.23% 0.16%
Acquired Fund Fees and Expenses 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
Total Annual Fund Operating Expenses1 1.39% 2.18% 2.17% 1.77% 1.10% 1.03%
Fee Waivers and/or Expense Reimbursements1,3 (0.15)% (0.19)% (0.18)% (0.35)% (0.12)% (0.10)%
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements 1.24% 1.99% 1.99% 1.42% 0.98% 0.93%

1The Management Fee, Total Annual Fund Operating Expenses and Fee Waivers and/or Expense Reimbursements have been restated to reflect current fees due to a reduction in the stated, gross Management Fee for the Fund.

2The Fund has adopted a Distribution (12b-1) Plan for its Class A shares pursuant to which the A class of the Fund may incur or charge a Distribution (12b-1) fee of up to a maximum amount of 0.05%. No such fee is currently incurred or charged by the A class of the Fund. The A class of the Fund will not incur or charge such a Distribution (12b-1) fee until such time as approved by the Fund's Board of Directors.

3The Adviser and certain of its affiliates on their own initiative have agreed to waive certain amounts of their respective fees and/or reimburse expenses. Effective February 1, 2018, total annual fund operating expenses (excluding Acquired Fund Fees and Expenses, interest expense, tax reclaim recovery expenses, proxy-related expenses and extraordinary expenses, if any) paid by the Fund's A, B, C, R, IS and R6 classes (after the voluntary waivers and/or reimbursements) will not exceed 1.22%, 1.97%, 1.97%, 1.41%, 0.96% and 0.91% (the "Fee Limit"), respectively, up to but not including the later of (the "Termination Date"): (a) February 1, 2019; or (b) the date of the Fund's next effective Prospectus. While the Adviser and its affiliates currently do not anticipate terminating or increasing these arrangements prior to the Termination Date, these arrangements may only be terminated or the Fee Limit increased prior to the Termination Date with the agreement of the Fund's Board of Directors.

Example

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:

Share Class 1 Year 3 Years 5 Years 10 Years
A:
Expenses assuming redemption $684 $966 $1,269 $2,127
Expenses assuming no redemption $684 $966 $1,269 $2,127
B:
Expenses assuming redemption $771 $1,082 $1,370 $2,313
Expenses assuming no redemption $221 $682 $1,170 $2,313
C:
Expenses assuming redemption $320 $679 $1,164 $2.503
Expenses assuming no redemption $220 $679 $1,164 $2.503
R:
Expenses assuming redemption $180 $557 $959 $2,084
Expenses assuming no redemption $180 $557 $959 $2,084
IS:
Expenses assuming redemption $112 $350 $606 $1,340
Expenses assuming no redemption $112 $350 $606 $1,340
R6:
Expenses assuming redemption $105 $328 $569 $1,259
Expenses assuming no redemption $105 $328 $569 $1,259

Federated International Leaders Fund

A Portfolio of Federated World Investment Series, Inc.

CLASS T SHARES (TICKER FGFTX)

SUPPLEMENT TO PROSPECTUS DATED JANUARY 31, 2018

The Board of Directors of Federated International Leaders Fund (the "Fund") has approved a reduction in the Fund's management fee from 0.90% to 0.85% of the Fund's average daily net assets effective June 28, 2018:

1. Under the section entitled "RISK/RETURN SUMMARY: FEES AND EXPENSES," please replace the "Fee Table" and "Example" in their entirety with the following:

This table describes the fees and expenses that you may pay if you buy and hold Class T Shares (T) of the Fund.

Shareholder Fees (fees paid directly from your investment) T
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 2.50%
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable) None
Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price) None
Redemption Fee (as a percentage of amount redeemed, if applicable) None
Exchange Fee None
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fee1 0.85%
Distribution (12b-1) Fee None
Other Expenses2 0.52%
Acquired Fund Fees and Expenses 0.02%
Total Annual Fund Operating Expenses1 1.39%
Fee Waivers and/or Expense Reimbursements1,3 (0.15)%
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements 1.24%

1The Management Fee, Total Annual Fund Operating Expenses and Fee Waivers and/or Expense Reimbursements have been restated to reflect current fees due to a reduction in the stated, gross Management Fee for the Fund.

2Because the Class T Shares have not yet commenced operations, "Other Expenses" are based on estimated amounts for the current fiscal year.

3The Adviser and certain of its affiliates on their own initiative have agreed to waive certain amounts of their respective fees and/or reimburse expenses. Effective February 1, 2018, total annual fund operating expenses (excluding Acquired Fund Fees and Expenses, tax reclaim recovery expenses, proxy-related expenses, interest expense and extraordinary expenses, if any) paid by the Fund's T class (after the voluntary waivers and/or reimbursements) will not exceed 1.22% (the "Fee Limit"), up to but not including the later of (the "Termination Date"): (a) February 1, 2019; or (b) the date of the Fund's next effective Prospectus. While the Adviser and its affiliates currently do not anticipate terminating or increasing these arrangements prior to the Termination Date, these arrangements may only be terminated or the Fee Limit increased prior to the Termination Date with the agreement of the Fund's Board of Directors.

Example

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. 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:

1 Year $388
3 Years $679
5 Years $991
10 Years $1,877
Class A B C R IS and R6 Shares | Federated International Leaders Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] fwisi_SupplementTextBlock
Federated International Leaders Fund

A Portfolio of Federated World Investment Series, Inc.

CLASS A SHARES (TICKER FGFAX)
CLASS B SHARES (TICKER FGFBX)
CLASS C SHARES (TICKER FGFCX)
CLASS R SHARES (TICKER FGFRX)
INSTITUTIONAL SHARES (TICKER FGFLX)
CLASS R6 SHARES (TICKER FGRSX)

SUPPLEMENT TO PROSPECTUS DATED JANUARY 31, 2018

The Board of Directors of Federated International Leaders Fund (the "Fund") has approved a reduction in the Fund's management fee from 0.90% to 0.85% of the Fund's average daily net assets effective June 28, 2018:

1. Under the section entitled "RISK/RETURN SUMMARY: FEES AND EXPENSES," please replace the "Fee Table" and "Example" in their entirety with the following:

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 R Shares (R), Institutional Shares (IS) and Class R6 Shares (R6) of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in certain classes (e.g., A class) of Federated funds. More information about these and other discounts is available from your financial professional, in the "What Do Shares Cost?" section of the Prospectus on page 15 and in "Appendix B" to this Prospectus. If you purchase the Fund's IS and R6 shares through a broker acting as an agent on behalf of its customers, you may be required to pay a commission to such broker; such commissions, if any, are not reflected in the Example below.

Shareholder Fees (fees paid directly from your investment) A B C R IS R6
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% None None None None None
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable) 0.00% 5.50% 1.00% None None None
Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price) None None None None None None
Redemption Fee (as a percentage of amount redeemed, if applicable) None None None None None None
Exchange Fee None None None None None None
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fee1 0.85% 0.85% 0.85% 0.85% 0.85% 0.85%
Distribution (12b-1) Fee 0.00%2 0.75% 0.75% 0.50% None None
Other Expenses 0.52% 0.56% 0.55% 0.40% 0.23% 0.16%
Acquired Fund Fees and Expenses 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
Total Annual Fund Operating Expenses1 1.39% 2.18% 2.17% 1.77% 1.10% 1.03%
Fee Waivers and/or Expense Reimbursements1,3 (0.15)% (0.19)% (0.18)% (0.35)% (0.12)% (0.10)%
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements 1.24% 1.99% 1.99% 1.42% 0.98% 0.93%

1The Management Fee, Total Annual Fund Operating Expenses and Fee Waivers and/or Expense Reimbursements have been restated to reflect current fees due to a reduction in the stated, gross Management Fee for the Fund.

2The Fund has adopted a Distribution (12b-1) Plan for its Class A shares pursuant to which the A class of the Fund may incur or charge a Distribution (12b-1) fee of up to a maximum amount of 0.05%. No such fee is currently incurred or charged by the A class of the Fund. The A class of the Fund will not incur or charge such a Distribution (12b-1) fee until such time as approved by the Fund's Board of Directors.

3The Adviser and certain of its affiliates on their own initiative have agreed to waive certain amounts of their respective fees and/or reimburse expenses. Effective February 1, 2018, total annual fund operating expenses (excluding Acquired Fund Fees and Expenses, interest expense, tax reclaim recovery expenses, proxy-related expenses and extraordinary expenses, if any) paid by the Fund's A, B, C, R, IS and R6 classes (after the voluntary waivers and/or reimbursements) will not exceed 1.22%, 1.97%, 1.97%, 1.41%, 0.96% and 0.91% (the "Fee Limit"), respectively, up to but not including the later of (the "Termination Date"): (a) February 1, 2019; or (b) the date of the Fund's next effective Prospectus. While the Adviser and its affiliates currently do not anticipate terminating or increasing these arrangements prior to the Termination Date, these arrangements may only be terminated or the Fee Limit increased prior to the Termination Date with the agreement of the Fund's Board of Directors.

Example

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:

Share Class 1 Year 3 Years 5 Years 10 Years
A:
Expenses assuming redemption $684 $966 $1,269 $2,127
Expenses assuming no redemption $684 $966 $1,269 $2,127
B:
Expenses assuming redemption $771 $1,082 $1,370 $2,313
Expenses assuming no redemption $221 $682 $1,170 $2,313
C:
Expenses assuming redemption $320 $679 $1,164 $2.503
Expenses assuming no redemption $220 $679 $1,164 $2.503
R:
Expenses assuming redemption $180 $557 $959 $2,084
Expenses assuming no redemption $180 $557 $959 $2,084
IS:
Expenses assuming redemption $112 $350 $606 $1,340
Expenses assuming no redemption $112 $350 $606 $1,340
R6:
Expenses assuming redemption $105 $328 $569 $1,259
Expenses assuming no redemption $105 $328 $569 $1,259
Class T Shares | Federated International Leaders Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] fwisi_SupplementTextBlock

Federated International Leaders Fund

A Portfolio of Federated World Investment Series, Inc.

CLASS T SHARES (TICKER FGFTX)

SUPPLEMENT TO PROSPECTUS DATED JANUARY 31, 2018

The Board of Directors of Federated International Leaders Fund (the "Fund") has approved a reduction in the Fund's management fee from 0.90% to 0.85% of the Fund's average daily net assets effective June 28, 2018:

1. Under the section entitled "RISK/RETURN SUMMARY: FEES AND EXPENSES," please replace the "Fee Table" and "Example" in their entirety with the following:

This table describes the fees and expenses that you may pay if you buy and hold Class T Shares (T) of the Fund.

Shareholder Fees (fees paid directly from your investment) T
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 2.50%
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable) None
Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price) None
Redemption Fee (as a percentage of amount redeemed, if applicable) None
Exchange Fee None
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fee1 0.85%
Distribution (12b-1) Fee None
Other Expenses2 0.52%
Acquired Fund Fees and Expenses 0.02%
Total Annual Fund Operating Expenses1 1.39%
Fee Waivers and/or Expense Reimbursements1,3 (0.15)%
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements 1.24%

1The Management Fee, Total Annual Fund Operating Expenses and Fee Waivers and/or Expense Reimbursements have been restated to reflect current fees due to a reduction in the stated, gross Management Fee for the Fund.

2Because the Class T Shares have not yet commenced operations, "Other Expenses" are based on estimated amounts for the current fiscal year.

3The Adviser and certain of its affiliates on their own initiative have agreed to waive certain amounts of their respective fees and/or reimburse expenses. Effective February 1, 2018, total annual fund operating expenses (excluding Acquired Fund Fees and Expenses, tax reclaim recovery expenses, proxy-related expenses, interest expense and extraordinary expenses, if any) paid by the Fund's T class (after the voluntary waivers and/or reimbursements) will not exceed 1.22% (the "Fee Limit"), up to but not including the later of (the "Termination Date"): (a) February 1, 2019; or (b) the date of the Fund's next effective Prospectus. While the Adviser and its affiliates currently do not anticipate terminating or increasing these arrangements prior to the Termination Date, these arrangements may only be terminated or the Fee Limit increased prior to the Termination Date with the agreement of the Fund's Board of Directors.

Example

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. 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:

1 Year $388
3 Years $679
5 Years $991
10 Years $1,877
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Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName FEDERATED WORLD INVESTMENT SERIES INC
Prospectus Date rr_ProspectusDate Jan. 31, 2018
Document Creation Date dei_DocumentCreationDate Jun. 28, 2018
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