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Top 5 Federated Funds
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ShareFounded in 1955, Federated Investors is one of the largest investment managers in the U.S. With more than $350 billion worth of assets under management, the company has used a disciplined approach to deliver superior value to investors. Federated offers a wide range of products, including domestic and international equity, fixed-income and money market funds. These products are distributed through more than 5,200 financial intermediaries and institutions.
Below we will share with you 5 top rated Federated funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all Federated funds, then click here.
Federated International Small-Mid Company A (ISCAX) seeks capital appreciation. At least 80% of its assets are invested in small and mid-cap foreign companies. The fund focuses on acquiring equity securities and invests in companies from both mature and emerging economies. The fund has a five year annualized return of 3.83%.
The Federated fund has a minimum initial investment of $1,500 and an expense ratio of 1.80% compared to a category average of 1.62%.
Federated High-Income Bond A (FHIIX) invests heavily in a wide range of high yield corporate bonds with relatively lower ratings. It may also utilize synthetic instruments such as derivatives to manages risk and fulfill its investment objectives. The fund returned 27.09% over the last one year period and has a three year annualized return of 4.57%.
Mark E. Durbiano is the fund manager and has managed this Federated fund since 1987.
Federated Municipal High Yield Advantage A (FMOAX) seeks current income. It invests primarily in tax-exempt securities. These are generally of two types, long-term and medium-quality or non-investment-grade. The fund may also invest in tax-exempt securities with maturity periods of less than 10 years. It may enter into derivative contracts and invest in securities which help it accrue short-term capital gains. The fund returned 17.97% over the last one year period.
The fund has a minimum initial investment of $1,500 and an expense ratio of 0.79% compared to a category average of 1.12%.
Federated Bond A (FDBAX) invests the majority of its assets in fixed income investment grade securities including corporate debt and U.S. government securities. Up to 35% of the securities purchased may be rated below investment grade. The fund returned 20.18% over the last one year period and has a ten year annualized return of 6.98%.
Joseph M. Balestrino is the fund manager and has managed this Federated fund since 1993.
Federated International Leaders A (FGFAX) seeks capital appreciation over the long term. It invests in foreign companies and concentrates on purchasing foreign stocks from developed markets. It may also purchase equity in companies from developed markets, including the United States. The fund returned 16.58% over the last one year period
As of March 2010, this fund held 51 issues, with 3.68% of its total assets invested in HSBC Holdings PLC
To view the Zacks Rank and past performance of all Federated funds, then click here.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds/mutualfund/
Read the full analyst report on ISCAX
Read the full analyst report on FHIIX
Read the full analyst report on FMOAX
Read the full analyst report on FDBAX
Read the full analyst report on FGFAX
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| Market Summary | Feb 09, 2012 06:31 am ET |