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Federated Investors launches three Federated Clover Value funds

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Pittsburgh-based Federated Investors has announced the launch of three Federated Clover Value mutual funds, the Federated Clover Value Fund, Federated Clover Mid Value Fund and Federate

Pittsburgh-based Federated Investors has announced the launch of three Federated Clover Value mutual funds, the Federated Clover Value Fund, Federated Clover Mid Value Fund and Federated Clover Small Value Fund.

The funds are advised by Federated Clover Investment Advisors.

Federated acquired the business of Rochester, N.Y.-based Clover Capital Management, in December 2008, and now operates that business under the Federated Clover name.

"Value investing has a role in every diversified portfolio, and the Federated Clover funds provide investors with three compelling new options," says John B. Fisher, president and chief executive of Federated’s advisory companies (pictured).

"For more than two decades, the Federated Clover team has focused on value investing – and value investing only. Federated Clover’s sector-specialist, team-driven process and bottom-up stock selection have provided competitive returns for the firm’s strategies over time."

Federated Clover Value Fund invests primarily in established businesses, has the Russell 1000 Value Index as its primary benchmark and inherits a six-year performance record from an existing Clover Common Fund.

The fund is managed by Matthew Kaufler and Paul Spindler, who bring 43 years of combined experience to the fund. Kaufler joined Clover in 1991, and Spindler joined Clover in 1988.

Federated Clover Mid Value Fund, which has the Russell Midcap Value Index as its benchmark, invests in companies that have passed the rigors of early development but which haven’t yet reached their full potential. The fund inherits a six-year performance record from an existing Clover Common Fund and is managed by Michael Jones and Albert Yu.

Jones founded Clover and continues to help guide development of Federated Clover’s investment strategy while also maintaining a significant role in client communications. Yu joined Clover in 2003.

Federated Clover Small Value Fund emphasizes smaller firms believed to have excellent prospects and has the Russell 2000 Value Index as its benchmark. The fund is managed by Lawrence Creatura and Stephen Gutch. Creatura joined Clover in 1994, and Gutch joined Clover in 2003.

Federated will market all three funds through broker/dealers, banks and other financial intermediaries. Federated Clover Value Fund is available in A, B, C, IS and K share classes. Federated Clover Mid Value Fund and Federated Clover Small Value Fund are available in A, C and IS share classes.

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