Federated Absolute Return Fund Class A Shares (FMAAX)

Net Asset Value
1 Day
Overall Morningstar Rating
Market neutral
Style or Category
Sales Expenses
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks to provide absolute (positive) returns with low correlation to the U.S. equity market. The fund pursues its investment objective by investing primarily in domestic (including American Depositary Receipts (ADRs)) and foreign securities (including emerging markets), both debt and equity, that the fund's Investment Adviser, Federated Equity Management Company of Pennsylvania ("Adviser"), and Sub-Adviser, Federated Investment Management Company ("Sub-Adviser"), deem to be misvalued or misperceived.


1 month-0.60% 3 years+1.28%
3 months+1.03% 5 years+0.50%
1 year+5.45% Since inception+3.53%
Data through --

Peer Comparisonvs. Market neutral

Performance 5-yr return+0.50%+1.25%
Expense ratio1.66%1.72%
Risk 5 year sharpe ratio0.240.21
Net assets$202.9M$582.5M
Average market cap$38.0B$34.6B
Average P/E18.418.2
Portfolio turnover117%117%

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Fund Management and Purchase Info

Fund familyFederated
Fund manager & tenureDana Meissner / 5 Years
Minimal initial investment$1,500.00
Minimum IRA investment$250.00


U.S. stock66.60%
International stock11.36%
Fixed income10.95%
Top 5 Sectors
Portfolio weighting
Healthcare 36.31%
Consumer service 14.22%
Energy 13.41%
Industrial materials 9.07%
Business service 8.94%
Top 10 Holdings
Portfolio weighting
-- S&P 500 Index Future Dec1442.16%
-- High Yield Bond Portfolio8.19%
-- Federated Project and Trade Fin Cor6.21%
-- 10 Year US Treasury Note Future Dec144.46%
AAPL Apple Inc2.74%
GE General Electric Co2.38%
MSFT Microsoft Corp2.32%
AGN Allergan Inc2.29%
C Citigroup Inc2.22%
XOM Exxon Mobil Corporation2.02%

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