Founded in 1955, Federated Investors is one of the largest investment managers in the U.S. With more than $363 billion worth of assets under management, the company has used a disciplined approach to deliver superior value to investors. Federated offers a wide range of products, including domestic and international equity, fixed-income and money market funds. These products are distributed through more than 5,200 financial intermediaries and institutions.
Below we will share with you 5 top rated Federated mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all Federated funds, investors can click here to see the complete list of funds.
Federated Kaufmann A (KAUAX) invests primarily in tax-exempt securities. The fund may also invest in tax-exempt securities with maturity periods of less than 10 years. It may enter into derivative contracts and invest in securities which help it accrue short-term capital gains. The fund has a three year annualized return of 10.8%.
The Federated mutual fund has a minimum initial investment of $1,500 and an expense ratio of 1.95% compared to a category average of 1.37%.
Federated US Government Bond (FEDBX) seeks total return. The fund focuses on acquiring U.S. government securities as well as treasury securities and related derivatives. It measures the efficacy of its investment strategy by comparing both the performance and composition of its portfolio to an index which comprises of U.S. Treasury securities. The fund has a three year annualized return of 10.53%.
The Fund Manager is Donald T. Ellenberger and he has managed this Federated mutual fund since 2005.
Federated Municipal High Yield Advantage A (FMOAX) invests a large share of its assets in long term securities exempt from tax, as well as in medium or non-investment grade quality tax exempt securities. It is non-diversified and utilizes derivatives to manage risk or enhance returns. The fund has a three year annualized return of 11.94%.
As of March 2012, this Federated mutual fund held 329 issues, with 1.33% of its total assets invested in Wisconsin St Gen Fd Annual App Gen 5.75%.
Federated High-Income Bond A (FHIIX) seeks high current income. The fund purchases a wide variety of junk bonds issued by both domestic and foreign companies. It also purchases emerging market bonds and invests in derivatives. The fund has a three year annualized return of 15.52%.
The Federated mutual fund has a minimum initial investment of $1,500 and an expense ratio of 1.12% compared to a category average of 1.15%.
Federated Market Opportunity A (FMAAX) seeks absolute returns with low correlation to the domestic equity market. The fund invests heavily in domestic and foreign securities which are attractively priced relative to their underlying value. It may also invest in derivatives, ETFs and hybrid instruments. The fund has a three year annualized return of -3.69%.
Dana Meissner is the fund manager and has managed this Federated mutual fund since 2009.
To view the Zacks Rank and past performance of all Federated mutual funds, investors can click here to see the complete list of funds.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.
View All Zacks #1 Ranked Mutual Funds
More From Zacks.com
- Investment & Company Information
- mutual funds
- Federated Investors
- money market funds