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(s)
Mark E. Durbiano
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 %

1 Year rank in sector

33/53

Sector

FO Fixed Int - USD High Yield

Yield
-
Fund size

£ 37.5 m

FE Risk score

88

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    85.8%
  • International
    10.7%
  • Money Market
    3.5%
  • B
    47.3%
  • CCC
    25.9%
  • BB
    22.5%
  • Money Market
    3.5%
  • Non-Rated
    0.5%
  • US Fixed Interest
    85.8%
  • Global Fixed Interest
    10.7%
  • Cash & Cash Equivalents
    3.5%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-1.01 %0.67 %6 %8.3 %0 %
Sector-0.52 %1.07 %6.46 %11.38 %25.16 %
Rank within sector56 / 5949 / 5833 / 5325 / 39 /
Quartile th4 th4 th3 rd3 rd th

Calendar performance

YTD-20172016201520142013
Fund3.58 %11.8 %-4.78 %-1.78 %1.3 %
Sector3.94 %12.74 %-3.11 %0.67 %6.23 %
Rank within sector37 / 5626 / 4934 / 4335 / 3531 / 33
Quartile th3 rd3 rd4 th4 th4 th

Risk statistics

Alpha-1.06
Beta1.05
Sharpe-0
Volatility5.11
Tracking error1.31
Information ratio-0.68
R-Squared0.94

Price movement

52 week high9.98
52 week low9.62
Current bid price0
Current offer price0
Current mid price9.73

Holdings by region

  • 85.8% USA
  • 10.7% International
  • 3.5% Money Market

Holdings by sector

  • 47.3% B
  • 25.9% CCC
  • 22.5% BB
  • 3.5% Money Market
  • 0.5% Non-Rated
  • 0.2% CC
  • 0.1% BBB

Holdings by asset type

  • 85.8% US Fixed Interest
  • 10.7% Global Fixed Interest
  • 3.5% Cash & Cash Equivalents

Individual holdings

  • 2% HCA HEALTHCARE INC
  • 1.8% SPRINT CORP
  • 1.6% VALEANT PHARMACEUTICALS INTERNATIONAL
  • 1.4% CHARTER COMMUNICATIONS INC
  • 1.2% ARDAGH GROUP S A
  • 1.2% CABLEVISION SYSTEMS CORP
  • 1.2% FIRST DATA CORP
  • 1.2% TENET HEALTHCARE CORP
  • 1.1% ALLY FINANCIAL INC
  • 1.1% INFOR US. INC.