Kyle Stewart, CFA, Senior Portfolio Manager, has been the Fund’s portfolio manager since August of 2022. Mr. Stewart is a Senior Portfolio Manager responsible for day to day management of the Fund focusing on asset allocation, interest rate strategy and security selection. He has been with the Adviser or an affiliate since 1993; has worked in investment management since 1996; has managed investment portfolios since 2011. Education : B.S., Edinboro University of Pennsylvania; M.B.A., Robert Morris University.

Ms. Ferentino joined Federated in November 1995 as a financial analyst and has worked in investment management since 2000. Ms. Ferentino has received the Chartered Financial Analyst designation. She received her B.S. from the University of Dayton and M.B.A. from the University of Pittsburgh.