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-0.10% 3 years-0.56%
3 months+2.49% 5 years+2.39%
1 year+4.81% Since inception+2.91%
Data through --

Peer Comparisonvs. Market neutral

Performance 5-yr return+2.39%+1.13%
Expense ratio2.19%1.63%
Risk 5 year sharpe ratio0.490.29
Net assets$134.0M$418.7M
Average market cap$53.4B$38.0B
Average P/E18.819.9
Portfolio turnover118%118%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

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


U.S. stock59.38%
International stock40.90%
Fixed income18.59%
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
-- 35.42%
-- 25.68%
XLP Consumer Staples Select Sector SPDR® Fund21.08%
-- 17.30%
-- 17.25%
-- 16.37%
XLE Energy Select Sector SPDR® Fund15.30%
XLU Utilities Select Sector SPDR® Fund13.94%
JPM JPMorgan Chase8.49%
XLRE The Real Estate Select Sector SPDR Fund7.85%