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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 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.


1 month+1.98% 3 years-0.56%
3 months+3.48% 5 years+1.39%
1 year+3.59% Since inception+2.75%
Data through --

Peer Comparisonvs. Market neutral

Performance 5-yr return+1.39%+0.91%
Expense ratio1.66%1.63%
Risk 5 year sharpe ratio0.240.35
Net assets$138.6M$413.3M
Average market cap$47.7B$31.8B
Average P/E17.721.6
Portfolio turnover132%132%

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Fund Management and Purchase Info

Fund familyFederated
Fund manager & tenureDana Meissner / 8 Years
Minimal initial investment$1,500.00
Minimum IRA investment$250.00


U.S. stock80.46%
International stock44.24%
Fixed income12.93%
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
-- 62.17%
-- 30.56%
XLP Consumer Staples Select Sector SPDR® Fund18.67%
-- 16.57%
-- 15.86%
-- 15.77%
XLU Utilities Select Sector SPDR® Fund13.11%
-- 8.87%
-- 7.36%
-- 7.33%