Federated Global Allocation Fund
(formerly, Federated Asset Allocation Fund)
Class A Shares (ticker FSTBX)
Class B Shares (ticker FSBBX)
Class C Shares (ticker FSBCX)
Class R Shares (ticker FSBKX)
Institutional Shares (ticker SBFIX)

SUPPLEMENT TO SUMMARY PROSPECTUS DATED jANUARY 31, 2013
Under the heading entitled “ Fund Management ,” please delete the information regarding Joseph M. Balestrino.
March 25, 2013
Federated Global Allocation 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
Q451580 (3/13)
Federated Global Allocation Fund
(formerly, Federated Asset Allocation Fund)
CLASS A SHARES (TICKER FSTBX)
CLASS B SHARES (TICKER FSBBX)
CLASS C SHARES (TICKER FSBCX)
CLASS R SHARES (TICKER FSBKX)
INSTITUTIONAL SHARES (TICKER SBFIX)

SUPPLEMENT TO PROSPECTUS DATED January 31, 2013
1. Under the heading entitled “ Fund Management ,” please delete the information regarding Joseph M. Balestrino.
2. Under the heading entitled “ Portfolio Management Information ,” please delete the biography of Joseph M. Balestrino.
March 25, 2013
Federated Global Allocation 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
Q451579 (3/13)
Federated Global Allocation Fund
(formerly, Federated Asset Allocation Fund)
Class A Shares (ticker FSTBX)
Class B Shares (ticker FSBBX)
Class C Shares (ticker FSBCX)
Class R Shares (ticker FSBKX)
Institutional Shares (ticker SBFIX)

SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION DATED jANUARY 31, 2013
Under the heading entitled “ Portfolio Manager Information ,” please delete the information related to Joseph M. Balestrino.
March 25, 2013
Federated Global Allocation 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
Q451581 (3/13)
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