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Federated Absolute Return Fund Class A Shares (FMAAX)

9.76
Net Asset Value
-0.81%
1 Day
-4.03%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
5.5
Sales Expenses
1.61%
Expense Ratio
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-0.91% 3 years+2.53%
3 months-0.61% 5 years+0.23%
1 year-6.06% Since inception+3.03%
Data through --

Peer Comparisonvs. Market neutral

 FMAAXCategory
Performance 5-yr return+0.23%+0.97%
Expense ratio1.61%1.66%
Risk 5 year sharpe ratio0.220.21
Net assets$267.4M$473.7M
Average market cap$46.1B$28.1B
Average P/E17.217.2
Portfolio turnover94%94%

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Fund Management and Purchase Info

Fund familyFederated
Fund manager & tenureDana Meissner / 7 Years
Minimal initial investment$1,500.00
Minimum IRA investment$250.00

Holdings

U.S. stock66.91%
Cash20.56%
Fixed income7.82%
International stock4.71%
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
SPY SPDR® S&P 500 ETF7.59%
-- 4.73%
-- 4.16%
-- 3.28%
-- 2.98%
EWJ iShares MSCI Japan ETF2.86%
XLF Financial Select Sector SPDR® Fund2.07%
T AT&T1.96%
CSCO Cisco1.82%
AAPL Apple1.73%

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