Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

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
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-2.68% 3 years+2.95%
3 months-2.49% 5 years+1.25%
1 year+2.03% Since inception+3.45%
Data through --

Peer Comparisonvs. Market neutral

Performance 5-yr return+1.25%+1.49%
Expense ratio1.66%1.72%
Risk 5 year sharpe ratio0.300.16
Net assets$262.7M$481.7M
Average market cap$27.5B$34.6B
Average P/E20.818.3
Portfolio turnover117%117%

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 / 6 Years
Minimal initial investment$1,500.00
Minimum IRA investment$250.00


U.S. stock81.83%
Fixed income8.18%
International stock0.00%
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
-- 24.87%
-- 5.13%
-- 3.78%
AAPL Apple3.34%
-- 3.23%
BIIB Biogen2.44%
EEM iShares MSCI Emerging Markets ETF2.40%
EWJ iShares MSCI Japan ETF2.33%
EWA iShares MSCI Australia ETF2.29%
EWW iShares MSCI Mexico Capped ETF2.07%

Partner Offers