Federated Website Terms and Conditions

This website is intended solely for the use of persons accessing the website in the Republic of Ireland (“Ireland”) and the United Kingdom (“UK”).  It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.

About us

This website, http://fiml.federatedinvestors.com (the "Site"), is operated by Federated Investors on behalf of Federated International Management Limited ("we", "us" and/or "FIML").  FIML is a subsidiary of Federated Investors, Inc.  Information about Federated Investors, Inc. and its subsidiaries (the “Federated Group” or “Federated”) is available at http://www.federatedinvestors.com.

FIML is a private limited liability company incorporated and registered in the Republic of Ireland (registered numbed 166961) whose registered office is located at c/o BNY Mellon Fund Services (Ireland) Designated Activity Company, One Dockland Central, Guild Street, International Financial Services Centre, Dublin 1, D01 E4X0, Ireland.

Your use of the Site and your agreement with us

By accessing or using the Site, you acknowledge and agree to the terms and conditions, disclaimers, and our policies and procedures as set forth below and as described in our Privacy Notice and Cookie Policy (the "Terms").  Please ensure that you ("you", "your" and/or "User") read these Terms carefully.  If you are dissatisfied with any portion of the Site, or with any of these Terms, your sole and exclusive remedy is the discontinuation of your use of this Site. 

Cookies are used to remember your acceptance to the Terms.  Cookies used for this purpose will automatically expire after 52 weeks, and you will be asked to read and re-confirm your agreement to the Terms.  For more information, please see our Cookie Policy.

Changes to the Terms

We reserve the right, in our sole discretion, to change, modify, add or remove portions of these Terms at any time without notice to users of the Site.  You must check these Terms periodically for changes.  By using the Site, you are agreeing to accept those changes, whether or not you have reviewed them.  Any changes, modifications, or additions to, or deletions from these Terms shall be effective upon posting on the Site. 

About the Site

The Site provides information regarding FIML and the Federated Group, and the investment products and services we offer.  Those products include investment companies and other investment funds advised by entities within the Federated Group (“Federated Funds”), including Federated Unit Trust and Federated International Funds plc (collectively, the “Funds”). The Funds are classified as a UCITS within the meaning of the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011.

The information on the Site is issued by FIML.  The content of the Site includes information provided by and/or relating to the Federated Group.

Who may access the Site

The Site is intended solely for the use of clients and prospective clients of FIML, intermediaries including professional advisers, investment or commercial banks, insurance companies, platform service providers, distributors or other financial intermediaries who use the information on the Site to meet the needs of their clients who invest or wish to invest with Federated UK, and stakeholders in Federated. 

Your access to the Site

Access to the Site is permitted on a temporary basis, and we reserve the right to withdraw or amend the service we provide on the site without notice.

You are responsible for making all arrangements necessary for you to have access to the Site.  You are also responsible for ensuring that all persons who access the Site through your Internet connection are aware of these Terms, and that they comply with them.  From time to time, access to some parts of the Site, or the entire site, may be restricted to registered users and further terms and conditions shall apply to such registered users, which the User will be asked to accept within the relevant pages.  You must treat all passwords as confidential and must not disclose them to any third party.  We have the right to disable any user identification code or password at any time if in our opinion you have failed to comply with any of the provisions of these Terms.

We cannot guarantee the continuous, uninterrupted or error-free operability of the Site.  There may be times when all of, or certain features, parts or content of, the Site, become unavailable (whether on a scheduled or unscheduled basis) or are modified, suspended or withdrawn by us, in our sole discretion, without notice to you.  You agree that Federated will not be liable to you or to any third party for any unavailability, modification, suspension or withdrawal of the Site, or any features, parts or content of the Site.

Non-solicitation and non-reliance on information on Site

The information on the Site is for information purposes only and does not constitute an offer or a solicitation, or a recommendation by Federated of any security, product, or service.  No investment advice, tax advice, or legal advice is provided through the Site, and you agree that the Site will not be used by you for these purposes.  No representation is given that shares, units, products, or services identified on or accessible through, the Site are suitable for any particular investor.  You acknowledge that your use of the Site and any requests for information are unsolicited.

Any investment in a Federated Fund should only be made having fully read the application form, prospectus, the relevant key investor information document and latest annual or semi-annual report.  It is your responsibility to review such documentation.  In particular, only persons meeting certain specified criteria may be able to directly purchase shares in the Funds, and an investment in a Fund may not be suitable for all investors. 

Compliance with local law and regulation

The information on the Site is approved for publication by FIML and is intended for global distribution by FIML in jurisdictions where we are not prohibited by any law from making the information available to you. 

You should satisfy yourself before accessing the site that FIML would be allowed to make this information available to you under the law applicable to you.  If any material on this Site, or your use of this Site, is contrary to the laws of the jurisdiction in which you are located, then this Site is not intended for your use and we ask that you do not use this Site.  You must ensure that your use of the Site and the information on the Site is in accordance with any applicable law and regulation.  You are responsible for compliance with the laws of the jurisdiction in which you are located.

'As is' basis and accuracy of information

This Site is provided on an 'as is' and 'as available' basis.  Federated make no warranty or representation and gives no undertaking that the Site can be accessed at all times.  Federated does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of the information on the Site.  Federated does not warrant represent or undertake that the Site or any of the information will be uninterrupted or error free or that any defects will be corrected.

Federated believes that the information contained and opinions expressed in the Site are accurate at the date of publication.  In particular, the market analyses and evaluations provided on this Site are made as of the date stated therein and are subject to change based on market conditions and other factors.  These market analyses and evaluations may be changed at any time without notification and are only published for illustration purposes. Market analyses and evaluations should not be construed as a recommendation of any kind.  Market commentary is intended to provide macro-economic information, and is made openly available through the Federated websites. Neither Federated nor the Federated Funds assume any liability for losses that are based on reliance on this information.

The share prices and valuation information contained on the Site should not be relied upon for dealing purposes. 

No responsibility is accepted by or on behalf of Federated nor the Federated Funds for any errors, omissions, or inaccurate information on the Site.

We reserve the right, at our sole discretion, to change, modify, add or remove the content of the Site.

DISCLAIMERS, EXCLUSIONS FROM LIABILITY AND INDEMNIFICATION

COMMENTARY AND OTHER MATERIALS POSTED ON THE SITE ARE NOT INTENDED TO AMOUNT TO ADVICE ON WHICH RELIANCE SHOULD BE PLACED. FEDERATED MAKES NO WARRANTY OR REPRESENTATION THAT THE INFORMATION IS ACCURATE, COMPLETE OR TIMELY. THE INFORMATION ON THE SITE IS SUBJECT TO CHANGE AND THEREFORE FEDERATED CANNOT ACCEPT RESPONSIBILITY FOR ANY LOSS DAMAGE OR EXPENSE INCURRED UPON USING THE INFORMATION PROVIDED. FEDERATED THEREFORE DISCLAIMS ALL LIABILITY AND RESPONSIBILITY ARISING FROM ANY RELIANCE PLACED ON SUCH MATERIALS BY ANY VISITOR TO OUR SITE, OR BY ANYONE WHO MAY BE INFORMED OF ANY OF ITS CONTENTS.

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, FEDERATED DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED. NEITHER FEDERATED, NOR ANY OF OUR RESPECTIVE LICENSORS, LICENSEES, SERVICE PROVIDERS OR SUPPLIERS WARRANT THAT THE SITE OR ANY FUNCTION CONTAINED IN THE SITE WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT THE SITE OR THE SERVERS THAT MAKE THE SITE AVAILABLE ARE FREE FROM VIRUSES OR OTHER HARMFUL COMPONENTS. FEDERATED DOES NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE USE OR THE RESULTS OF THE USE OF THE MATERIALS INCORPORATED IN THE SITE OR ANY THIRD-PARTY SITE ACCESSED THROUGH THE SITE IN TERMS OF THEIR CORRECTNESS, ACCURACY, TIMELINESS, RELIABILITY, OR OTHERWISE AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR LOSS OF DATA THAT RESULTS FROM THE DOWNLOAD OF ANY SUCH PRODUCT, OFFERING, CONTENT OR MATERIAL.

YOU EXPRESSLY UNDERSTAND AND AGREE THAT (TO THE FULLEST EXTENT PERMITTED BY LAW) FEDERATED SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY OR PUNITIVE DAMAGES, OR ANY OTHER DAMAGES WHATSOEVER, INCLUDING BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS OR CONTRACTS, INCOME OR REVENUE, GOODWILL, ANTICIPATED SAVINGS, DATA OR OTHER INTANGIBLE LOSSES (“LOSSES”) (EVEN IF FEDERATED HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), ARISING OUT OF, OR RESULTING FROM: (A) THE USE OR THE INABILITY TO USE THE SITE; (B) THE USE OF ANY CONTENT OR OTHER INFORMATION OR MATERIAL ON THE SITE OR ANY WEBSITE OR WEBSITES LINKED TO THE SITE; (C) UNAUTHORISED ACCESS TO OR ALTERATION OF YOUR TRANSMISSIONS OR DATA; (D) STATEMENTS OR CONDUCT OF ANY THIRD PARTY ON THE SITE; OR (E) ANY OTHER MATTER RELATING TO THE SITE. FEDERATED SHALL NOT BE RESPONSIBLE FOR ANY BREACH OF THESE TERMS OR ANY LOSSES ARISING FROM THE USE OF THE SITE CAUSED BY CIRCUMSTANCES BEYOND ITS REASONABLE CONTROL. THIS DOES NOT AFFECT OUR LIABILITY FOR DEATH OR PERSONAL INJURY ARISING FROM OUR NEGLIGENCE, NOR OUR LIABILITY FOR FRAUDULENT MISREPRESENTATION, NOR ANY OTHER LIABILITY WHICH CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.

YOU WILL INDEMNIFY FEDERATED, THE FEDERATED FUNDS (INCLUDING THEIR AFFILIATED OR ASSOCIATED COMPANIES), AND THEIR OFFICERS, DIRECTORS, EMPLOYEES AND AGENTS IN RESPECT OF ANY THIRD-PARTY CLAIM FOR ANY INJURY, LOSS, DAMAGE OR EXPENSE OCCASIONED BY OR ARISING DIRECTLY OR INDIRECTLY FROM YOUR OPERATION OR USE OF THE SITE OR YOUR SUPPLY OF INFORMATION TO A THIRD PARTY PROVIDED IN BREACH OF ANY OF YOUR OBLIGATIONS UNDER THESE TERMS.

NOTE FOR INVESTORS IN HONG KONG, PURSUANT TO THE “ADVERTISING GUIDELINES APPLICABLE TO COLLECTIVE INVESTMENT SCHEMES AUTHORISED UNDER THE PRODUCT CODES” ISSUED BY THE HONG KONG SECURITIES AND FUTURES COMMISSION (“SFC”), ANY DISCLAIMERS PERTAINING TO FEDERATED’S LIABILITIES IN RESPECT OF THE ACCURACY OF THE CONTENTS OF ITS ADVERTISEMENTS DO NOT APPLY TO HONG KONG INVESTORS WHO INVEST IN ANY FUND AUTHORISED BY THE SFC FOR SALE TO THE PUBLIC IN HONG KONG.

Transmission of information

If you transmit any communication through the Site to Federated or a Federated Fund directly or through any third-party internet or other service provider, you shall be responsible and liable for any omissions or failures that may be made while transmitting or receiving communications using the Site.  The Site is not designed for the transmission of time sensitive instructions or questions.  Accordingly, if you use the Site to transmit time sensitive instructions or questions, you will be liable for any loss that may arise, and any such information is transmitted at your own risk.

IP addresses

We may collect information about your computer, including where available your IP address, operating system and browser type, for system administration.  This is statistical data about our users' browsing actions and patterns, and does not identify any individual.  For information regarding the basis on which we collect, use and process the personal data of or relating to users of our website, please see our our Privacy Notice.

Investment risk factors

In relation to the investment products and financial services offered by Federated, investors should remember that investment involves risk, including but not limited to the following:

  • Past performance is not a guide to or guarantee of future returns.  Please note that the value of investment and the income from them can fall as well as rise and you may not get back the amount originally invested. Income receivable may vary from the amount of income projected at the time of making the investment.
  • Exchange rate fluctuations may affect the value of an investment and any income derived from it.
  • If you exercise any right to redeem, or cancel or terminate your investment, you may not get back the amount initially invested if the share price or value of investments has fallen since you invested.
  • There can be no guarantee that the tax position or proposed tax position prevailing at the time of an investment will not change.
  • Dividends and capital gains on interests issued in the Funds may be subject to withholding taxes imposed by the countries in which each particular sub-fund of a Fund invests.

This list of risk factors is not exhaustive. You should refer to the appropriate prospectus and/or other disclosure documents for information on risk factors relevant to our products and services.

U.S. Persons

The Funds are not registered as investment companies in the United States under the U.S. Investment Company Act of 1940, as amended, and shares in their sub-funds are not registered under the U.S. Securities Act of 1933, as amended ("Securities Act").  Subject to the below, interests in the Funds are not available for purchase by "U.S. Persons" as that term is defined under Regulation S of the Securities Act. 

The information provided on the Site is not intended for distribution to, or use by, any person or entity in the United States, or in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or which would subject the Funds, FIML, the Federated Group or any of their products or services to any registration, licensing or other authorisation requirement within such jurisdiction or country. 

[However, it is contemplated that applications for Shares of Federated International Funds plc may be accepted at our discretion from a limited number of qualified institutional buyers or accredited investors (as those terms are used in U.S. federal securities laws) in the United States, or in other jurisdictions where such sale would not violate local regulations, provided that the sale of units/shares to such investors is exempt from any registration requirements and that, in all events, there will be no adverse tax consequences to unitholders/shareholders of the Funds as a result of such sale.]

Information for investors of Hong Kong

The following sub-funds of Federated International Funds plc are authorised by the Securities & Futures Commission of Hong Kong (“SFC”) for sale to the public in Hong Kong:

  • Federated High Income Advantage Fund
  • Federated Short-Term U.S. Prime Fund
  • Federated Short-Term U.S. Government Securities Fund
  • Federated Short-Term U.S. Treasury Securities Fund

SFC authorisation is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits or its performances. It does not mean that the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors. This Site and materials contained in this Site have not been reviewed by the SFC.

Acceptable Use of the Site

It is impossible to provide an exhaustive list of exactly what constitutes acceptable and unacceptable use of this Site.  In general, Federated will not tolerate any use of the Site which damages or is likely to damage our reputation, the availability or integrity of the Site or which causes us or threatens to cause us to incur any legal, tax, regulatory or other liability.  We therefore request you to treat our Site with respect, and not to use the Site for any illegal purpose, or in such a way as to infringe or breach other's rights or to cause or threaten to cause us damage.  We also ask you to comply with any relevant notices, policies and terms imposed by third parties whose website, products or services you access through the Site.  We reserve the right to suspend the use of the Site generally or block your access to any part of the Site and/or to suspend or terminate your rights to use the Site or any part of it if we suspect misuse.  We shall report any misuse of the Site to the relevant enforcement or other authorities and to our legal advisers.  We further reserve the right to disclose any evidence we have which relates directly or indirectly to misuse of this Site.

Your obligations

You agree not to use the Site or cause or permit the Site to be used:

  • in any way that breaches any applicable local, national or international law or regulation;
  • in any way that is unlawful or fraudulent, or has any unlawful or fraudulent purpose or effect;
  • for the purpose of harming or attempting to harm any third party in any way;
  • to send, knowingly receive, upload, download, use or re-use any material which (i) is inaccurate, discriminatory, defamatory, obscene, threatening, deceptive, abusive, profane or offensive (or is likely to be perceived as such) (ii) promotes violence or any other illegal or immoral activity (iii) is in breach of anyone else’s intellectual property or (iv) which is otherwise in breach of any of these Terms;
  • to jeopardise or prejudice the operation, quality or integrity of the Site, or the operation, quality or integrity of any telecommunications network;
  • to harvest or otherwise collect information about others, including e-mail addresses, without their consent;
  • for any commercial purpose including any direct marketing, surveys, contests or pyramid schemes, nor to use the Site to participate in or cause others to participate in sending chain letters, junk e-mail, spam, duplicative or unsolicited messages, advertising or promotional material;
  • to distribute, download, upload or transmit any material which contains viruses, trojan horses, worms, or any other harmful or detrimental programmes;
  • to attack the Site via a denial-of-service attack; or
  • contrary to the terms and conditions of any Internet Service Provider you may use.

You agree not to publish or transmit any of the information on the Site to any third party without our prior written consent.

Advertising

Part of the Site may contain advertising and sponsorship.  Advertisers and sponsors are responsible for ensuring that material submitted for inclusion on the Site complies with international and national law.  Federated will not be responsible for any error or inaccuracy in advertising materials.

Intellectual Property

Subject to these Terms, we grant you a non-exclusive, non-transferable, limited right to access and use the Site and the materials displayed thereon.  However, no right, title or interest in any such materials will be granted or transferred to you as a result of any permitted use of such materials.

Unless otherwise indicated, Federated owns the copyrights, trademarks, trade names and all other intellectual property rights subsisting anywhere in the world to the content on the Site and, other than as set out above, grants no licenses to this content by virtue of your use of the Site. All materials incorporated in or accessible through the Site, including, without limitation, text, photographs, images, graphics, illustrations, logos, button icons, audio clips, video clips, podcasts, software and other content, and the compilation, collection, arrangement and assembly thereof (including the look and feel of the Site), are protected by copyright laws, and are owned, controlled or licensed by Federated or by the original creators of such materials or their permitted licensors.  All such rights are reserved. Such materials may be used only for viewing the Site in the ordinary course.  Any other use of such materials, including any copying, reproduction, duplication, modification, sale, distribution, extraction, re-utilisation, transmission, republication, downloading, displaying, posting, performance, or other exploitation thereof, by any means or medium, is prohibited, unless it is for the purpose of accessing the Site and producing print-outs for your own use.

Federated expressly prohibits linking by other websites to any part of the Site other than the home page ("deep-linking") or where Federated has otherwise expressly given written permission. Any links to the homepage of the Site from another website must be presented in such a manner that the viewing of the Site is not impaired by framing or similar techniques that may impact the visitor's perception of the Site by suggesting that it is part of another website.

You may not delete or alter in any way any copyright, trademark, intellectual property or other legal notices from any part of the Site or any information printed or downloaded from it.

Federated does not recommend or endorse, represent the accuracy of, and accept no responsibility for, the content of any website not operated by Federated which you may visit by following a link from the Site.  Any such links are provided for your convenience only and you are solely responsible for evaluating the content and accuracy of materials on such third party websites.  If you choose to access linked third party websites, you do so at your own risk and in accordance with the prevailing terms and conditions of such third party websites.

Termination

Federated reserves the right to cease operating the Site or to terminate your access and use of any part of the Site at any time without notice and for any reason.

Law and jurisdiction

These Terms and any dispute or claim arising out of or in connection with them (including non-contractual disputes or claims) shall be governing by and construed in accordance with the laws of the Republic of Ireland.  You agree that the courts of Ireland shall have exclusive jurisdiction to settle any dispute or claim that arises out of or in connection with the Terms (including non-contractual disputes or claims).

Additional terms

These Terms constitute the entire agreement between Federated and you with respect to your access to and use of the Site.

If any provision of these Terms shall be unlawful, void, or for any reason unenforceable, then that provision shall be deemed severable from these Terms and shall not affect the validity and enforceability of any remaining provisions.

Our failure to exercise or delay in exercising a right or remedy provided by these Terms or by law does not constitute a waiver of those or any other rights or remedies.

Contact us

If for any reason you wish to contact us, We can be reached at:

Federated International Management Limited,
c/o BNY Mellon Fund Services (Ireland) Designated Activity Company,
One Dockland Central,
Guild Street,
International Financial Services Centre,
Dublin 1,
D01 E4X0
Republic of Ireland

Calls and communications with us will be recorded and monitored.  A copy of conversations and communications relating to products in which a client invests or services we provide to a client will be retained and may be made available to the client upon request for a period of five years.