Federated Absolute Return Fund Class A Shares (FMAAX)

9.67
Net Asset Value
+0.31%
1 Day
+0.52%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
5.5
Sales Expenses
1.52%
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.

Performance

1 month-0.62% 3 years+0.03%
3 months+0.31% 5 years-0.70%
1 year+6.66% Since inception+3.40%
Data through --

Peer Comparisonvs. Market neutral

 FMAAXCategory
Performance 5-yr return-0.70%+2.00%
Expense ratio1.52%1.79%
Risk 5 year sharpe ratio-0.070.44
Net assets$223.3M$704.3M
Average market cap$48.8B$18.4B
Average P/E16.716.2
Portfolio turnover198%198%

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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

Holdings

U.S. stock53.86%
Cash29.01%
International stock24.71%
Fixed income12.18%
Other0.02%
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 Future Mar1462.69%
-- Us 10yr Note (Cbt)mar1420.95%
-- High Yield Bond Portfolio13.18%
-- Topix Indx Futr Mar145.26%
-- Emerging Markets Fixed Income Core Fund4.25%
GOOGL Google, Inc. Class A3.82%
AGN Allergan, Inc.3.40%
CVX Chevron Corp3.19%
GILD Gilead Sciences Inc3.07%
CVS CVS Caremark Corp3.05%

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