Federated High Yield Trust Earns Lipper Award for Category-Leading Performance
- Top fund out of 121 portfolios and 414 funds for consistent five-year risk-adjusted performance
- Differentiated strategy combines high-yield bonds and opportunistic equity investments
PITTSBURGH, April 1, 2015 /PRNewswire/ -- Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, today announced that the Federated High Yield Trust (FHYTX) received a Lipper Fund Award for its category-leading performance. The Service Shares of the fund earned the award based on Lipper's calculation of consistent five-year risk-adjusted performance ending Dec. 31, 2014.
Federated High Yield Trust earned the Lipper Fund Award in the High Yield Funds classification and ranked best out of 121 portfolios and 414 funds for the five-year period. Federated High Yield Trust seeks to provide a high level of current income and capital appreciation by investing primarily in high-yield, lower-rated corporate bonds. The fund seeks to enhance returns by augmenting its portfolio of high-yield bonds with an opportunistic allocation of up to 20 percent in public stocks of high-yield companies. When market conditions warrant, the equity allocation has the potential to generate higher returns, particularly in low-rate, low-yield environments. Portfolio managers Mark Durbiano and Gene Neavin bring a combined 45 years of experience to the fund.
"We appreciate Lipper's recognition of the fund's excellent five-year performance record and our talented investment professionals," said John B. Fisher, president and chief executive officer, Federated Advisory Companies. "We also call attention to the fund's top-decile performance on a one-, three- and 10-year basis in this same peer universe."
Lipper is a leading global provider of mutual fund research and analysis.
Federated Investors, Inc. is one of the largest investment managers in the United States, managing $362.9 billion in assets as of Dec. 31, 2014. With 131 funds and a variety of separately managed account options, Federated provides comprehensive investment management to more than 7,700 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. For more information, visit FederatedInvestors.com.
The currency for the calculation corresponds to the currency of the country for which the awards are calculated and relies on monthly data. Classification averages are calculated with all eligible share classes for each eligible classification. The calculation periods extend over 36, 60, and 120 months. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or ten years. For a detailed explanation please review the Lipper Leaders methodology document on www.lipperweb.com.
Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Users acknowledge that they have not relied upon any warranty, condition, guarantee, or representation made by Lipper. Any use of the data for analyzing, managing, or trading financial instruments is at the user's own risk. This is not an offer to buy or sell securities.
Fund performance and rankings are based on total returns as of Dec. 31, 2014 in Lipper's High Yield Funds classification. Federated High Yield Trust ranked 21 out of 620 funds for one-year performance, 3 out of 488 for three-year performance, 1 out of 418 for five-year performance, and 8 out of 284 for 10-year performance. Rankings do not consider the effect of sales charges.
Past performance is no guarantee of future results.
Bond prices are sensitive to changes in interest rates, and a rise in interest rates can cause a decline in their prices.
High-yield, lower-rate securities generally entail greater market, credit/default and liquidity risk and may be more volatile than investment-grade securities.
For more complete information, visit FederatedInvestors.com or contact your investment professional for summary prospectuses or prospectuses. You should consider the fund's investment objectives, risks, charges and expenses carefully before you invest. Information about these and other important subjects is in the fund's summary prospectus or prospectus, which you should read carefully before investing.
Federated Securities Corp., Distributor
SOURCE Federated Investors, Inc.
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