Fact sheet: Federated High Income Adv

Fund information

Fund name
Federated High Income Advantage A Dis EUR
Fund company manager
Federated International Funds
Fund type
SIB
Fund manager
Nathan H. Kehm
since 12/06/1995
Fund objective
The investment objective of Federated High Income Advantage Fund is to provide high current income. The fund pursues its objective by investing, under normal circumstances, primarily in a portfolio of debt securities. These debt securities are expected to be lower-rated corporate debt obligations (rated below “investment grade”), and some may involve equity features.
Benchmark
Bloomberg Barclays US Corporate High Yield 2% Issuer Capped Index
Investment style
High Yield
Investment method
Fixed Interest

Quick stats

1 Year return

6.63 %

1 Year rank in sector

34/50

Sector

FO Fixed Int - USD High Yield

Yield
-
Fund size

£ 38.3 m

FE Risk score

79

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    88.1%
  • International
    9.6%
  • Money Market
    2.3%
  • B
    47.1%
  • BB
    24.4%
  • CCC
    24.4%
  • Money Market
    2.3%
  • CC
    0.9%
  • US Fixed Interest
    88.1%
  • Global Fixed Interest
    9.6%
  • Cash & Cash Equivalents
    2.3%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.7 %3.71 %6.73 %7.19 %0 %
Sector0.14 %2.79 %7.55 %9.52 %28.41 %
Rank within sector22 / 5827 / 5634 / 5023 / 40 /
Quartile th2 nd2 nd3 rd3 rd th

Calendar performance

YTD-20172016201520142013
Fund4.24 %11.8 %-4.78 %-1.78 %1.3 %
Sector3.56 %12.74 %-3.11 %0.67 %6.23 %
Rank within sector32 / 5628 / 4932 / 4337 / 3833 / 35
Quartile th3 rd3 rd3 rd4 th4 th

Risk statistics

Alpha-0.99
Beta1.08
Sharpe-0
Volatility5.62
Tracking error1.46
Information ratio-0.55
R-Squared0.94

Price movement

52 week high9.98
52 week low9.56
Current bid price0
Current offer price0
Current mid price9.95

Holdings by region

  • 88.1% USA
  • 9.6% International
  • 2.3% Money Market

Holdings by sector

  • 47.1% B
  • 24.4% BB
  • 24.4% CCC
  • 2.3% Money Market
  • 0.9% CC
  • 0.5% BBB
  • 0.4% Non-Rated

Holdings by asset type

  • 88.1% US Fixed Interest
  • 9.6% Global Fixed Interest
  • 2.3% Cash & Cash Equivalents

Individual holdings

  • 2.2% HCA HOLDINGS INC
  • 2% SPRINT CORP
  • 1.4% ALLY FINANCIAL INC
  • 1.4% BWAY HOLDING CO
  • 1.4% FIRST DATA CORP
  • 1.4% T-MOBILE USA. INC.
  • 1.3% VALEANT PHARMACEUTICALS INTERNL
  • 1.2% TENET HEALTHCARE CORP
  • 1.1% CABLEVISION SYSTEMS CORP
  • 1.1% INFOR US. INC.