Mutual Fund Insights: Federated Ultrashort Bond Instl Svc Fund (FULBX)

In-depth Analysis of Federated Ultrashort Bond Instl Svc Fund (FULBX)

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See Federated Ultrashort Bond Instl Svc Fund (FULBX) performance details as of February 28, 2010

  

Last Trade: $9.15 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Randall S. Bauer

Fund Manager Tenure: 11.4 years   [Similar Funds: FULAX  FULIX ]
Fundmojo Fund Grade: B (Score: 0.66)     (What does this score mean?)

Randall S. Bauer, CFA, Vice President, Senior Portfolio Manager. Responsible for portfolio management and research in the investment-grade fixed income areas. Previous association: Assistant Vice President, Credit Policy Division and International Banking, PNC Bank Corp. B.A., University of Pennsylvania; M.B.A., The Pennsylvania State University. Professional affiliation: Member, CFA Society of Pittsburgh. Joined Federated 1989; Investment Experience: 24 Years.  Get more insights on Randall S. Bauer

  

 What we like about Federated Ultrashort Bond Instl Svc Fund (FULBX)

Data for Federated Ultrashort Bond Instl Svc Fund (FULBX) as of February 28, 2010

• Federated Ultrashort Bond Instl Svc Fund (FULBX) management has been with Federated Ultrashort Bond Instl Svc Fund for 11.4 years
• Federated Ultrashort Bond Instl Svc Fund (FULBX) has good short-term performance (1-year return 8.56% vs 6.46 % Ultrashort Bond category average)
• Federated Ultrashort Bond Instl Svc Fund (FULBX) has good mid-term performance (3-year return 2.40% vs 1.62 % Ultrashort Bond category average)
• Federated Ultrashort Bond Instl Svc Fund (FULBX) has good Long-term performance (5-year return 2.90% vs 2.37 % Ultrashort Bond category average)
• Federated Ultrashort Bond Instl Svc Fund (FULBX) ratio of up-years vs down years is greater than 2
• Federated Ultrashort Bond Instl Svc Fund (FULBX) has an annual stock turnover rate of 41.00% vs Ultrashort Bond average of 101.58%. It is good that Federated Ultrashort Bond Instl Svc management does not trade extensively for its return.
• Federated Ultrashort Bond Instl Svc Fund (FULBX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.33, lower than category average of 2.92

  

 What we are cautious about Federated Ultrashort Bond Instl Svc Fund (FULBX)

Data for Federated Ultrashort Bond Instl Svc Fund (FULBX) as of February 28, 2010

• Federated Ultrashort Bond Instl Svc Fund is a focused fund with 33.61% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Federated Ultrashort Bond Instl Svc Fund (FULBX) has a Morningstar rating of 3 and below
• Federated Ultrashort Bond Instl Svc Fund (FULBX) is less safe compared to its Ultrashort Bond peers
• Federated Ultrashort Bond Instl Svc Fund (FULBX) has a higher management fee of 0.80% than its Ultrashort Bond average of 0.74%
• Even though Federated Ultrashort Bond Instl Svc Fund carries no load, it does have a 0.25% of 12b1 promotion, distributions, marketing expenses

See Federated Ultrashort Bond Instl Svc Fund (FULBX) performance details as of February 28, 2010

  

  

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Federated Ultrashort Bond Instl Svc Fund (FULBX) Net Asset

Track net asset change of Federated Ultrashort Bond Instl Svc fund (FULBX)

Date	Net Asset
02/2010	$1.02B
01/2010	$411.17M
11/2009	$417.46M

More historic net asset information on Federated Ultrashort Bond Instl Svc Fund (FULBX)

  

Federated Ultrashort Bond Instl Svc Fund (FULBX) Portfolio Allocation

Track portfolio allocation change of Federated Ultrashort Bond Instl Svc fund (FULBX)

Date	Cash	Stock	Bond	Other
09/2009	28.96%	0%	69.19%	1.85%
06/2009	26.96%	0%	72.37%	0.67%
03/2009	23.68%	0%	76.26%	0.06%

Click here to see more historic asset allocation information on Federated Ultrashort Bond Instl Svc Fund (FULBX)

  

Most Recent Top 10 Holdings in Federated Ultrashort Bond Instl Svc Fund (FULBX)

Discover what Federated Ultrashort Bond Instl Svc Fund (FULBX) manager is buying

30-Sep-09 Federated Prime Value Obligations Instl [20.92%] High Yield Bond Portfolio [2.81%] Federated Mortgage Core Portfolio [2.8%] Ba Credit Card Tr 2007-1b FRN [1.17%] Wells Fargo Heq 2006-1 FRN [1.17%] Ba Credit Card Tr 2007-5b FRN [1.09%] Emerging Markets Fixed Income Core Fund [0.94%] Americredit Auto Rec 2007-A-X FRN [0.93%] Bmw Veh Lease Tr Talf 2009-1 2.91% [0.92%] FEDERATED CORE TR III [0.9%]

30-Jun-09 Prime Value Obligations Instl [19.65%] Federated Mortgage Core Portfolio [3.6%] FHLMC [2.81%] High Yield Bond Portfolio [2.73%] Bmw Veh Lease Tr Talf 2009-1 2.91% [1.19%] Hyundai Auto Recv Tr 2006-B 5.15% [1.14%] FNMA CMO [1.11%] FNMA FRN [1.11%] Mbna Master Cc Tr Ii 2002-8a FRN [1.1%] Amer Express Credit 2006-B FRN [1.08%]

31-Mar-09 Federated Mortgage Core Portfolio [5.68%] FHLMC [5.43%] High Yield Bond Portfolio [2.1%] FNMA FRN [1.66%] Hyundai Auto Recv Tr 2006-B 5.15% [1.64%] FNMA 2.875% [1.63%] Natl City Cc Mt 2005-1 FRN [1.5%] FNMA FRN [1.29%] Reed Elsevier Cap FRN [1.23%] Citibank Ccmt 2004-A7 FRN [1.23%]

Click here for Stock Holding Change Map in Federated Ultrashort Bond Instl Svc Fund (FULBX)

  

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See more information on Federated Ultrashort Bond Instl Svc Fund (FULBX)

• Federated Ultrashort Bond Instl Svc Fund Insights
• Federated Ultrashort Bond Instl Svc Fund Performance Data
• Federated Ultrashort Bond Instl Svc Fund News
• Federated Ultrashort Bond Instl Svc Fund Score Explaination
• Federated Ultrashort Bond Instl Svc Fund Manager Information
• Historic Federated Ultrashort Bond Instl Svc Fund Asset Allocation Report
• Historic Federated Ultrashort Bond Instl Svc Fund Top 10 Holding Tracking
• Historic Federated Ultrashort Bond Instl Svc Fund Asset Under Management Tracking