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

5.09 %

1 Year rank in sector

34/49

Sector

FO Fixed Int - USD High Yield

Yield
-
Fund size

£ 39.1 m

FE Risk score

80

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    85.5%
  • International
    9.7%
  • Money Market
    4.8%
  • B
    48.1%
  • CCC
    23.4%
  • BB
    22.9%
  • Money Market
    4.8%
  • BBB
    0.5%
  • US Fixed Interest
    85.5%
  • Global Fixed Interest
    9.7%
  • Cash & Cash Equivalents
    4.8%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.2 %2.33 %5.09 %6.55 %0 %
Sector0.03 %1.77 %6.19 %9.36 %26.76 %
Rank within sector51 / 5733 / 5734 / 4925 / 39 /
Quartile th4 th3 rd3 rd3 rd th

Calendar performance

YTD-20172016201520142013
Fund3.72 %11.8 %-4.78 %-1.78 %1.3 %
Sector3.32 %12.74 %-3.11 %0.67 %6.23 %
Rank within sector33 / 5527 / 4832 / 4236 / 3732 / 34
Quartile th3 rd3 rd4 th4 th4 th

Risk statistics

Alpha-0.58
Beta1.06
Sharpe-0
Volatility5.48
Tracking error1.36
Information ratio-0.29
R-Squared0.94

Price movement

52 week high9.98
52 week low9.56
Current bid price0
Current offer price0
Current mid price9.86

Holdings by region

  • 85.5% USA
  • 9.7% International
  • 4.8% Money Market

Holdings by sector

  • 48.1% B
  • 23.4% CCC
  • 22.9% BB
  • 4.8% Money Market
  • 0.5% BBB
  • 0.2% CC
  • 0.1% Non-Rated

Holdings by asset type

  • 85.5% US Fixed Interest
  • 9.7% Global Fixed Interest
  • 4.8% Cash & Cash Equivalents

Individual holdings

  • 2.1% HCA INC
  • 1.8% SPRINT CORP
  • 1.4% ALLY FINANCIAL INC
  • 1.4% VALEANT PHARMACEUTICALS INTERNL
  • 1.3% FIRST DATA CORP
  • 1.2% TENET HEALTHCARE CORP
  • 1.1% CABLEVISION SYSTEMS CORP
  • 1.1% INFOR US. INC.
  • 1.1% T-MOBILE USA. INC.
  • 1% CHARTER COMMUNICATIONS INC