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Mutual Fund Insights: Federated US Govt 1-3 Yr Instl Fund (FSGVX)

In-depth Analysis of Federated US Govt 1-3 Yr Instl Fund (FSGVX)

Mutual fund chart: Federated US Govt 1-3 Yr Instl Fund (FSGVX)

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See Federated US Govt 1-3 Yr Instl Fund (FSGVX) performance details as of February 28, 2010

Last Trade: $10.86 on 3/19/2010, Change: -0.01 (-0.09%)

Fund Manager - Donald T. Ellenberger

Fund Manager Tenure: 4.8 years [Similar Funds: FSGIX FSGTX ]
Fundmojo Fund Grade: B (Score: 0.66) (What does this score mean?)

Donald T. Ellenberger is vice president and senior portfolio manager, co-head of Government/Mortgage Backed Fixed Income Groups with Federated Investors, his employer since 1996, responsible for portfolio management and research in the government/mortgage-backed fixed income area. Previously Donald T. Ellenberger was a portfolio manager and senior derivatives trader with Mellon Bank. Get more insights on Donald T. Ellenberger

What we like about Federated US Govt 1-3 Yr Instl Fund (FSGVX)

Data for Federated US Govt 1-3 Yr Instl Fund (FSGVX) as of February 28, 2010

Federated US Govt 1-3 Yr Instl Fund (FSGVX) management has been with Federated US Govt 1-3 Yr Instl Fund for 4.8 years
Federated US Govt 1-3 Yr Instl Fund (FSGVX) has good mid-term performance (3-year return 4.81% vs 4.65 % Short Government category average)
Federated US Govt 1-3 Yr Instl Fund (FSGVX) has good Long-term performance (5-year return 4.24% vs 4.02 % Short Government category average)
Federated US Govt 1-3 Yr Instl Fund (FSGVX) ratio of up-years vs down years is greater than 2
Federated US Govt 1-3 Yr Instl Fund (FSGVX) has an annual stock turnover rate of 163.00% vs Short Government average of 172.47%. It is good that Federated US Govt 1-3 Yr Instl management does not trade extensively for its return.
Federated US Govt 1-3 Yr Instl Fund (FSGVX) is less volatile than its peers as it has a 3-year Standard Deviation of 1.88, lower than category average of 2.31
Federated US Govt 1-3 Yr Instl Fund (FSGVX) has a lower management fee than its Short Government average: 0.40% vs 0.88%
Federated US Govt 1-3 Yr Instl Fund (FSGVX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

What we are cautious about Federated US Govt 1-3 Yr Instl Fund (FSGVX)

Data for Federated US Govt 1-3 Yr Instl Fund (FSGVX) as of February 28, 2010

Federated US Govt 1-3 Yr Instl Fund is a focused fund with 47.98% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
Federated US Govt 1-3 Yr Instl Fund (FSGVX) has a less-than-ideal short-term performance (1-year return 2.03% vs 4.37 % Short Government category average)
Federated US Govt 1-3 Yr Instl Fund (FSGVX) has a Morningstar rating of 3 and below
Federated US Govt 1-3 Yr Instl Fund (FSGVX) is less safe compared to its Short Government peers

See Federated US Govt 1-3 Yr Instl Fund (FSGVX) performance details as of February 28, 2010

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Federated US Govt 1-3 Yr Instl Fund (FSGVX) Net Asset

Track net asset change of Federated US Govt 1-3 Yr Instl fund (FSGVX)

Date	Net Asset
02/2010	$622.64M
01/2010	$348.59M
11/2009	$354.05M

More historic net asset information on Federated US Govt 1-3 Yr Instl Fund (FSGVX)

Federated US Govt 1-3 Yr Instl Fund (FSGVX) Portfolio Allocation

Track portfolio allocation change of Federated US Govt 1-3 Yr Instl fund (FSGVX)

Date	Cash	Stock	Bond	Other
09/2009	31.25%	0%	68.75%	0%
06/2009	28.83%	0%	71.17%	0%
03/2009	29.32%	0%	70.68%	0%

Click here to see more historic asset allocation information on Federated US Govt 1-3 Yr Instl Fund (FSGVX)

Most Recent Top 10 Holdings in Federated US Govt 1-3 Yr Instl Fund (FSGVX)

Discover what Federated US Govt 1-3 Yr Instl Fund (FSGVX) manager is buying

30-Sep-09

United States Treas Nts 1% [11.68%]
Federated Govt Obligs Instl [5.44%]
United States Treas Nts 1% [5.01%]
Gmac 2.2% [4.78%]
United States Treas Nts [4.76%]
Morgan Stanley, 2.250% [3.64%]
Citigroup Fdg Inc Gtd Tlgp 1.375% [3.6%]
Citibank N A Fdic Gtd Tlgp 1.5% [3.32%]
Federal Farm Cr Bks Global 2.125% [3.12%]
Genl Elec Cap Corp Fdic Tlgp 2% [2.95%]

30-Jun-09

Government Obligations Instl [7.56%]
US TREASURY NOTE [6.27%]
FHLBA 1.625% [5.57%]
US TREASURY NOTE [5.32%]
Gmac 2.2% [5%]
US Treasury Note [3.86%]
Morgan Stanley, 2.250%, [3.84%]
Citigroup Fdg Inc Gtd Tlgp 1.375% [3.81%]
Citibank N A Fdic Gtd Tlgp 1.5% [3.51%]
Federal Farm Cr Bks Global 2.125% [3.27%]

31-Mar-09

FNMA [8.18%]
US Treasury Note 2.375% [5.84%]
US Treasury Note [5.8%]
FHLBA 4.25% [4.22%]
US Treasury Note [4.15%]
Morgan Stanley 2.250% 3/13/2012 [4.11%]
FHLBA [3.4%]
FNMA [3.35%]
GENERAL ELEC CAP [3.15%]
US Treasury Note 3.625% [2.64%]

Click here for Stock Holding Change Map in Federated US Govt 1-3 Yr Instl Fund (FSGVX)

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Data is provided for informational purposes only, and is not intended for trading purposes. Although data are gathered from sources believed to be reliable, Fund Mojo and its content providers cannot guarantee completeness and accuracy. Performance data quoted represents past performance. Fund Mojo and its content providers accept no liability for reliance on this data.