Founded in 1955, Federated Investors is one of the largest investment managers in the U.S. With more than $364 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 International Small-Mid Company A (ISCAX) seeks capital appreciation over the long term. The fund invests heavily in foreign small and mid cap firms. These companies must have a market capitalization identical to stocks which are part of the fund’s benchmark, the S&P Developed ex-U.S. Small Cap Growth Index. The fund has a three year annualized return of 7.37%.
The Fund Manager is Leonardo A. Vila and he has managed this Federated mutual fund since 1999.
Federated MDT Small Cap Core A (QASCX) focuses on investing in common stocks of small domestic companies. These firms must be identical to those which are included in the Russell 2000 Index. It may also purchase foreign equity securities. The fund has a three year annualized return of 15.26%.
The Federated mutual fund has a minimum initial investment of $1,500 and an expense ratio of 1.71% compared to a category average of 1.32%.
Federated International Leaders A (FGFAX) seeks capital appreciation over the long term. The fund invests in foreign companies and concentrates on purchasing foreign stocks from developed markets. It may also purchase equity in companies from developed markets, including the United States. The fund has a three year annualized return of 6.73%.
As of September 2012, this Federated mutual fund held 51 issues, with 3.52% of its total assets invested in Credit Suisse Group
Federated Emerging Market Debt A (IHIAX) invests the majority of its assets in debt securities issued from emerging markets. The fund may invest in securities denominated in dollars or foreign currencies, without regard to their maturity periods. The fund has a three year annualized return of 13.22%.
The Fund Manager is Roberto Sanchez-Dahl and he has managed this Federated mutual fund since 2000.
Federated Municipal High Yield Advantage A (FMOAX) seeks high current income. The fund 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 9.98%.
The Federated mutual fund has a minimum initial investment of $1,500 and an expense ratio of 0.89% compared to a category average of 1.02%.
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.
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