Mutual Fund Summary Prospectus (497k)
April 08 2014 - 3:24PM
Edgar (US Regulatory)
Federated Managed
Risk Fund
A Portfolio of Federated Equity
Funds
CLASS A SHARES (TICKER FDRAX)
INSTITUTIONAL SHARES (TICKER FDRIX)
SUPPLEMENT TO SUMMARY
PROSPECTUS DATED december 16, 2013
Under the heading
entitled “
Fund Management
,” please delete the information regarding Christopher J. Smith and replace it with the following:
“Chengjun (Chris)
Wu, Portfolio Manager, has been the Fund's portfolio manager since April 2014.”
April 8, 2014
Federated Managed Risk Fund
Federated Investors Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
Contact us at
FederatedInvestors.com
or call 1-800-341-7400.
Federated Securities Corp.,
Distributor
Q452104 (4/14)