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Federated High Yield Service (FHYTX) Fund Ranking and Research

Ranking, Research and Recommendation of Federated High Yield Service (FHYTX) Fund

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Graph of Federated High Yield Service Fund (FHYTX) ManagerFund Manager - Gene B. Neavin

Fund Manager Information

Fund Manager Tenure: 8.9 years
Fund Family: Federated
Fund Category: High Yield Bond
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.75)     (What does this score mean?)
Mr. Neavin joined Federated in 2001 as an Investment Analyst. In 2005, Mr. Neavin became an Assistant Vice President and Senior Investment Analyst and in 2010 became a Vice President of a Federated advisory subsidiary. From 1995 to 1999, Mr. Neavin worked for MBNA America Bank and was appointed a Senior Credit Analyst in 1997. Mr. Neavin has received the Chartered Financial Analyst designation and an M.B.A. from Carnegie Mellon University.  Get more insights on Gene B. Neavin

 

Graph of Federated High Yield Service Fund (FHYTX) ProfileFederated High Yield Service Fund (FHYTX) Profile

Fund Profile and Description

Federated High Yield Service Fund seeks high current income. Federated High Yield Service Fund primarily invests in a diversified portfolio of high-yield, lower-rated domestic corporate bonds. It may also invest a portion of the Fund’s portfolio in loan instruments and foreign fixed-income securities. Federated High Yield Service Fund may also opportunistically invest in convertible securities, equity securities or pooled vehicles such as exchange traded funds (ETFs) or other investment companies in order to gain broad exposure to the equity market. It may invest in derivative contracts.

 

Federated High Yield Service (FHYTX) Fund Strength What we like about Federated High Yield Service (FHYTX) Fund

Data for Federated High Yield Service Fund (FHYTX) as of May 30, 2016

  • Federated High Yield Service Fund (FHYTX) management has been with Federated High Yield Service Fund for 8.9 years
  • Federated High Yield Service Fund (FHYTX) has good short-term performance (1-year return -1.29% vs -2.18% High Yield Bond category median performance)
  • Federated High Yield Service Fund (FHYTX) has good mid-term performance (3-year return 4.08% vs 2.05% High Yield Bond category median performance)
  • Federated High Yield Service Fund (FHYTX) has good Long-term performance (5-year return 6.48% vs 4.38% High Yield Bond category median performance)
  • Federated High Yield Service Fund (FHYTX) ratio of up-years vs down years is greater than 2
  • Federated High Yield Service Fund (FHYTX) has a Morningstar rating of 4 and above
  • Asset base in Federated High Yield Service Fund (FHYTX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Federated High Yield Service Fund (FHYTX) has an annual stock turnover rate of 37.00% vs High Yield Bond average of 63.72%. It is good that Federated High Yield Service management does not trade extensively for its return.
  • Federated High Yield Service Fund (FHYTX) has a lower expense ratio than its High Yield Bond average: 0.98% vs 1.07%
  • Federated High Yield Service Fund (FHYTX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Federated High Yield Service Fund (FHYTX) Weakness What we are cautious about Federated High Yield Service (FHYTX) Fund

Data for Federated High Yield Service Fund (FHYTX) as of May 30, 2016

  • Federated High Yield Service Fund (FHYTX) is more volatile than its peers as it has a 3-year Standard Deviation of 6.62 that is higher than category average of 5.76
See Federated High Yield Service Fund (FHYTX) performance details as of May 30, 2016

 

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Compare Federated High Yield Service Fund (FHYTX)Compare with other top High Yield Bond category mutual funds

Aadditional top High Yield Bond mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Federated High Yield Service6.74-1.294.086.48
Eaton Vance High Income Opportunities I (EIHIX)6.240.694.366.18Compare
BlackRock High Yield Bond BlackRock (BRHYX)5.75-2.183.175.58Compare
Buffalo High-Yield (BUFHX)2.740.753.465.03Compare

See top fund managers for High Yield Bond Category Funds

 

Compare Federated High Yield Service Fund (FHYTX)Compare with High Yield Bond category ETFs

Some High Yield Bond ETFs for your consideration

ETFYear to DateOne YearThree Year
PIMCO 0-5 Year High Yield Corp Bd ETF (HYS)000
SPDR Barclays High Yield Bond ETF (JNK)6.14%-4.91%1.23%
iShares iBoxx $ High Yield Corporate Bd (HYG)5.79%-2.67%2.13%

 

Graph of Federated High Yield Service Fund (FHYTX) Net Asset TrackingFederated High Yield Service (FHYTX) Fund Net Asset

Track net asset change of Federated High Yield Service fund (FHYTX)

DateNet Asset
05/2016$938.48M
03/2016$847.85M
02/2016$758.74M
More historic net asset information on Federated High Yield Service Fund (FHYTX)

  

Graph of Federated High Yield Service Fund (FHYTX) Portfolio TrackingFederated High Yield Service (FHYTX) Fund Portfolio Allocation

Track portfolio allocation change of Federated High Yield Service fund (FHYTX)

DateCashStockBondOther
03/20164.56%9.12%85.51%0.81%
12/20150.98%9.87%88.14%1.01%
09/20151.43%9.33%88.39%0.85%
Click here to see more historic asset allocation information on Federated High Yield Service Fund (FHYTX)

 

graph of Federated High Yield Service Fund (FHYTX) Top 10 Position TrackingTop 10 Holdings in Federated High Yield Service (FHYTX) Fund

Discover what Federated High Yield Service Fund (FHYTX) manager is buying

Mar 30, 2016
Federated Bank Loan Core [2.22%]
First Data Corp New 144A 5.75% [1.11%]
Jaguar Hldg Co Ii / Jaguar M 144A 6.375% [0.67%]
Cco Hldgs Llc / Cco Hldgs Cap 5.125% [0.64%]
Mph Merger Sub 144A 6.625% [0.63%]
Crimson Merger Sub / Ortho-C 144A 6.625% [0.59%]
Platform Specialty Prods 144A 6.5% [0.59%]
Reynolds Grp Issuer 8.25% [0.59%]
Us Foods 8.5% [0.58%]
Neptune Finco 144A 10.875% [0.57%]

Dec 30, 2015
Federated Bank Loan Core [1.61%]
First Data Corp New 144A 5.75% [1.2%]
Jaguar Hldg Co Ii / Jaguar M 144A 6.375% [0.69%]
Cco Hldgs Llc / Cco Hldgs Cap 5.125% [0.68%]
Mph Merger Sub 144A 6.625% [0.66%]
Us Foods 8.5% [0.63%]
Serta Simmons Hldgs 144A 8.125% [0.61%]
Hca 5% [0.59%]
Reynolds Grp Issuer 8.25% [0.57%]
1011778 B.C. Unlimited Liabili 144A 6% [0.57%]

Sep 29, 2015
Federated Bank Loan Core [2.93%]
First Data 144A 8.75% [0.98%]
Hca 5% [0.64%]
Infor Software Parent 144A 7.125% [0.64%]
Us Foods 8.5% [0.61%]
Anna Merger Sub 144A 7.75% [0.58%]
Jaguar Hldg Co Ii / Jaguar M 144A 6.375% [0.58%]
1011778 B.C. Unlimited Liabili 144A 6% [0.58%]
Crimson Merger Sub / Ortho-C 144A 6.625% [0.57%]
Serta Simmons Hldgs 144A 8.125% [0.55%]
Click here for Stock Holding Change Map in Federated High Yield Service Fund (FHYTX)

  

Latest News on Federated High Yield Service (FHYTX) Fund

See what is happening with Federated High Yield Service Fund (FHYTX)

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