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Mutual Fund Insights: Federated Instl High Yield Bond Instl Fund (FIHBX)

In-depth Analysis of Federated Instl High Yield Bond Instl Fund (FIHBX)

Mutual fund chart: Federated Instl High Yield Bond Instl Fund (FIHBX)

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See Federated Instl High Yield Bond Instl Fund (FIHBX) performance details as of February 28, 2010

  

    Last Trade: $9.67 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Mark E. Durbiano

Fund Manager Tenure: 7.4 years
Fundmojo Fund Grade: A (Score: 0.77)     (What does this score mean?)
Mark E. Durbiano is vice president of Federated Institutional Trust. Mark E. Durbiano joined Federated in 1982 and has been a senior portfolio manager and a senior vice president of the adviser, Federated Investment Management Company, since 1996. Mark E. Durbiano holds the Chartered Financial Analyst designation.  Get more insights on Mark E. Durbiano

  

What we like about Federated Instl High Yield Bond Instl Fund (FIHBX) What we like about Federated Instl High Yield Bond Instl Fund (FIHBX)

Data for Federated Instl High Yield Bond Instl Fund (FIHBX) as of February 28, 2010

  • Federated Instl High Yield Bond Instl Fund (FIHBX) management has been with Federated Instl High Yield Bond Instl Fund for 7.4 years
  • Federated Instl High Yield Bond Instl Fund (FIHBX) has good mid-term performance (3-year return 5.41% vs 2.71 % High Yield Bond category average)
  • Federated Instl High Yield Bond Instl Fund (FIHBX) has good Long-term performance (5-year return 6.42% vs 4.33 % High Yield Bond category average)
  • Federated Instl High Yield Bond Instl Fund (FIHBX) ratio of up-years vs down years is greater than 2
  • Federated Instl High Yield Bond Instl Fund (FIHBX) has a Morningstar rating of 4 and above
  • Federated Instl High Yield Bond Instl Fund (FIHBX) has an annual stock turnover rate of 14.00% vs High Yield Bond average of 97.73%. It is good that Federated Instl High Yield Bond Instl management does not trade extensively for its return.
  • Federated Instl High Yield Bond Instl Fund (FIHBX) is less volatile than its peers as it has a 3-year Standard Deviation of 14.98, lower than category average of 15.37
  • Federated Instl High Yield Bond Instl Fund (FIHBX) has a lower management fee than its High Yield Bond average: 0.49% vs 1.21%
  • Federated Instl High Yield Bond Instl Fund (FIHBX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

What we are cautious about Federated Instl High Yield Bond Instl Fund (FIHBX) What we are cautious about Federated Instl High Yield Bond Instl Fund (FIHBX)

Data for Federated Instl High Yield Bond Instl Fund (FIHBX) as of February 28, 2010

  • Federated Instl High Yield Bond Instl Fund is a focused fund with 45.78% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
  • Federated Instl High Yield Bond Instl Fund (FIHBX) has a less-than-ideal short-term performance (1-year return 43.81% vs 45.45 % High Yield Bond category average)
See Federated Instl High Yield Bond Instl Fund (FIHBX) performance details as of February 28, 2010

  

  

Interested in other top mutual funds in similar High Yield Bond category?

Below are some additional High Yield Bond mutual funds generated out of our database

  

Federated Instl High Yield Bond Instl Fund (FIHBX) Net Asset

Track net asset change of Federated Instl High Yield Bond Instl fund (FIHBX)

DateNet Asset
02/2010$390.88M
01/2010$374.19M
11/2009$309.69M
More historic net asset information on Federated Instl High Yield Bond Instl Fund (FIHBX)

  

Federated Instl High Yield Bond Instl Fund (FIHBX) Portfolio Allocation

Track portfolio allocation change of Federated Instl High Yield Bond Instl fund (FIHBX)

DateCashStockBondOther
09/20092.05%0.01%96.9%1.04%
06/20092.46%0.01%96.26%1.27%
03/20094.64%0.01%94.44%0.91%
Click here to see more historic asset allocation information on Federated Instl High Yield Bond Instl Fund (FIHBX)

  

Most Recent Top 10 Holdings in Federated Instl High Yield Bond Instl Fund (FIHBX)

Discover what Federated Instl High Yield Bond Instl Fund (FIHBX) manager is buying

30-Sep-09
High Yield Bond Portfolio [40.23%]
Gmac 144A 6.875% [0.92%]
Intelsat 11.25% [0.76%]
HCA INC [0.72%]
Federated Prime Value Obligations Instl [0.7%]
Intelsat Inter Hldg 9.5% [0.68%]
JOSTENS IH CORP [0.62%]
Sprint Cap 6.9% [0.58%]
Biomet 11.625% [0.52%]
Chesapeake Engy 6.875% [0.51%]

30-Jun-09
High Yield Bond Portfolio [41.48%]
Prime Value Obligations Instl [1.29%]
Gmac 144A 6.875% [1.08%]
Intelsat Inter Hldg 9.5% [0.77%]
Intelsat 11.25% [0.73%]
JOSTENS IH CORP [0.64%]
HCA INC [0.62%]
Owens-Brockway Glass Container 8.25% [0.59%]
Biomet 11.625% [0.56%]
Ford Motor Credit 9.875% [0.54%]

31-Mar-09
High Yield Bond Portfolio [48.59%]
Gmac 6.875% [0.87%]
Intelsat 11.25% [0.78%]
Hca 9.625% [0.73%]
Biomet 11.625% [0.62%]
Aramark 8.5% [0.61%]
Visant Hldg 8.75% [0.58%]
Directv Hldgs 8.375% [0.57%]
Rogers Wireless 8% [0.57%]
Hca 9.25% [0.56%]
Click here for Stock Holding Change Map in Federated Instl High Yield Bond Instl Fund (FIHBX)

  

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Latest News on Federated Instl High Yield Bond Instl (FIHBX)

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