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Mutual Fund Insights: Federated Adjustable Rate Secs InSvc Fund (FASSX)

In-depth Analysis of Federated Adjustable Rate Secs InSvc Fund (FASSX)

Mutual fund chart: Federated Adjustable Rate Secs InSvc Fund (FASSX)

3 months
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See Federated Adjustable Rate Secs InSvc Fund (FASSX) performance details as of February 28, 2010

  

    Last Trade: $9.76 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Todd A. Abraham

Fund Manager Tenure: 14.6 years
Fundmojo Fund Grade: A (Score: 0.73)     (What does this score mean?)
Todd A. Abraham has been a portfolio manager since 1995 and a vice president of Federated Investment Management Company since 1997. Todd A. Abraham joined Federated in 1993 as an investment analyst and served as assistant vice president from 1995 to 1997. Abraham served as a portfolio analyst at Ryland Mortgage Co. from 1992 to 1993. Todd A. Abraham holds the Chartered Financial Analyst designation.  Get more insights on Todd A. Abraham

  

What we like about Federated Adjustable Rate Secs InSvc Fund (FASSX) What we like about Federated Adjustable Rate Secs InSvc Fund (FASSX)

Data for Federated Adjustable Rate Secs InSvc Fund (FASSX) as of February 28, 2010

  • Federated Adjustable Rate Secs InSvc Fund (FASSX) management has been with Federated Adjustable Rate Secs InSvc Fund for 14.6 years
  • Federated Adjustable Rate Secs InSvc Fund (FASSX) has good mid-term performance (3-year return 4.15% vs 1.62 % Ultrashort Bond category average)
  • Federated Adjustable Rate Secs InSvc Fund (FASSX) has good Long-term performance (5-year return 3.89% vs 2.37 % Ultrashort Bond category average)
  • Federated Adjustable Rate Secs InSvc Fund (FASSX) ratio of up-years vs down years is greater than 2
  • Federated Adjustable Rate Secs InSvc Fund (FASSX) has a Morningstar rating of 4 and above
  • Federated Adjustable Rate Secs InSvc Fund (FASSX) has an annual stock turnover rate of 36.00% vs Ultrashort Bond average of 101.58%. It is good that Federated Adjustable Rate Secs InSvc management does not trade extensively for its return.
  • Federated Adjustable Rate Secs InSvc Fund (FASSX) is less volatile than its peers as it has a 3-year Standard Deviation of 1.56, lower than category average of 2.92

  

What we are cautious about Federated Adjustable Rate Secs InSvc Fund (FASSX) What we are cautious about Federated Adjustable Rate Secs InSvc Fund (FASSX)

Data for Federated Adjustable Rate Secs InSvc Fund (FASSX) as of February 28, 2010

  • Federated Adjustable Rate Secs InSvc Fund (FASSX) has a less-than-ideal short-term performance (1-year return 3.51% vs 6.46 % Ultrashort Bond category average)
  • Federated Adjustable Rate Secs InSvc Fund (FASSX) is less safe compared to its Ultrashort Bond peers
  • Federated Adjustable Rate Secs InSvc Fund (FASSX) has a higher management fee of 0.88% than its Ultrashort Bond average of 0.74%
  • Even though Federated Adjustable Rate Secs InSvc Fund carries no load, it does have a 0.05% of 12b1 promotion, distributions, marketing expenses
See Federated Adjustable Rate Secs InSvc Fund (FASSX) performance details as of February 28, 2010

  

  

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Federated Adjustable Rate Secs InSvc Fund (FASSX) Net Asset

Track net asset change of Federated Adjustable Rate Secs InSvc fund (FASSX)

DateNet Asset
02/2010$813.60M
01/2010$131.31M
11/2009$116.23M
More historic net asset information on Federated Adjustable Rate Secs InSvc Fund (FASSX)

  

Federated Adjustable Rate Secs InSvc Fund (FASSX) Portfolio Allocation

Track portfolio allocation change of Federated Adjustable Rate Secs InSvc fund (FASSX)

DateCashStockBondOther
09/20095.1%0%94.9%0%
06/20097.01%0%92.99%0%
03/20099.28%0%90.72%0%
Click here to see more historic asset allocation information on Federated Adjustable Rate Secs InSvc Fund (FASSX)

  

Most Recent Top 10 Holdings in Federated Adjustable Rate Secs InSvc Fund (FASSX)

Discover what Federated Adjustable Rate Secs InSvc Fund (FASSX) manager is buying

30-Sep-09
Federated Govt Obligs Instl [5.1%]
Fannie Mae, Class Fh, 1.096% [4.2%]
FNMA FRN [3.33%]
FNMA FRN [2.79%]
FNMA CMO [2.67%]
FNMA FRN [2.67%]
FNMA CMO [2.45%]
FHLMC 4.5% [2.09%]
FNMA [2.02%]
Federal National Mortgage Association Arm, 2.100%, [1.99%]

30-Jun-09
Government Obligations Instl [7.01%]
FNMA CMO [3.95%]
FNMA FRN [3.81%]
FNMA [2.91%]
Fnma 2.540% [2.82%]
FHLMC FRN [2.51%]
FHLMC 5.5% [2.39%]
FNMA CMO [2.39%]
FHLMC [2.37%]
Fnma 5% [2.09%]

31-Mar-09
FNMA CMO [5.01%]
FHLMC FRN [4.15%]
FNMA [3.38%]
FNMA FRN [3.2%]
FNMA FRN [3.12%]
FNMA FRN [3.12%]
FHLMC FRN [2.84%]
FHLMC FRN [2.72%]
FHLMC FRN [2.71%]
FHLMC FRN [2.65%]
Click here for Stock Holding Change Map in Federated Adjustable Rate Secs InSvc Fund (FASSX)

  

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