Federated International Small-Mid Company A (ISCAX) seeks capital appreciation. At least 80% of its assets are invested in small and mid-cap foreign companies. The fund focuses on acquiring equity securities and invests in companies from both mature and emerging economies. The fund has a five year annualized return of 3.83%.
The Federated fund has a minimum initial investment of $1,500 and an expense ratio of 1.80% compared to a category average of 1.62%.
Federated High-Income Bond A (FHIIX) invests heavily in a wide range of high yield corporate bonds with relatively lower ratings. It may also utilize synthetic instruments such as derivatives to manages risk and fulfill its investment objectives. The fund returned 27.09% over the last one year period and has a three year annualized return of 4.57%.
Mark E. Durbiano is the fund manager and has managed this Federated fund since 1987.
Federated Municipal High Yield Advantage A (FMOAX) seeks current income. It invests primarily in tax-exempt securities. These are generally of two types, long-term and medium-quality or non-investment-grade. 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 returned 17.97% over the last one year period.
The fund has a minimum initial investment of $1,500 and an expense ratio of 0.79% compared to a category average of 1.12%.
Federated Bond A (FDBAX) invests the majority of its assets in fixed income investment grade securities including corporate debt and U.S. government securities. Up to 35% of the securities purchased may be rated below investment grade. The fund returned 20.18% over the last one year period and has a ten year annualized return of 6.98%.
Joseph M. Balestrino is the fund manager and has managed this Federated fund since 1993.
Federated International Leaders A (FGFAX) seeks capital appreciation over the long term. It 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 returned 16.58% over the last one year period
As of March 2010, this fund held 51 issues, with 3.68% of its total assets invested in HSBC Holdings PLC
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