Federated Absolute Return Fund Class A Shares (FMAAX)

9.62
Net Asset Value
+0.10%
1 Day
-2.63%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
5.5
Sales Expenses
2.19%
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 a majority of its assets 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 mispriced or misperceived.

Performance

1 month-0.93% 3 years-2.70%
3 months-5.04% 5 years+1.16%
1 year+1.63% Since inception+2.55%
Data through --

Peer Comparisonvs. Market neutral

 FMAAXCategory
Performance 5-yr return+1.16%+0.87%
Expense ratio2.19%1.64%
Risk 5 year sharpe ratio0.130.19
Net assets$122.1M$441.3M
Average market cap$46.9B$23.4B
Average P/E16.718.4
Portfolio turnover118%118%

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Fund Management and Purchase Info

Fund familyFederated
Fund manager & tenureDana Meissner / 9 Years
Minimal initial investment$1,500.00
Minimum IRA investment$250.00

Holdings

International stock152.27%
U.S. stock133.91%
Cash77.48%
Fixed income63.49%
Other0.00%
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
-- 137.69%
-- 95.89%
-- 93.46%
-- 92.76%
XLP Consumer Staples Select Sector SPDR® Fund73.88%
XLU Utilities Select Sector SPDR® Fund56.75%
XLRE The Real Estate Select Sector SPDR Fund56.72%
XRT SPDR® S&P Retail ETF55.97%
FB Facebook40.38%
DAL Delta Air Lines38.47%