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FHYTX Federated High Yield Service

  • Fund
  • FHYTX
  • Price as of: Dec 05, 2016
  • $6.63
  • + $0.02
  • + 0.30%
  • Category
  • High Yield Bonds

FHYTX - Profile

Vitals

  • YTD Return 7.6%
  • 3 Yr Annualized Return 4.6%
  • 5 Yr Annualized Return 8.4%
  • Net Assets $1.02 B
  • Holdings in Top 10 8.9%

52 WEEK LOW AND HIGH

$6.63
$5.75
$6.74

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.10%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 37.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Investment Themes

CATEGORY

High Yield Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return 7.6%
  • 3 Yr Annualized Total Return 4.6%
  • 5 Yr Annualized Total Return 8.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.89%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Federated High Yield Trust
  • Fund Family Name Federated
  • Inception Date Aug 23, 1984
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Gene B. Neavin

Fund Description

The fund pursues its investment objective by investing primarily in a diversified portfolio of noninvestment-grade, fixed income securities of domestic and foreign corporations (also known as "junk bonds") including loan instruments. The fund's investment adviser ("Adviser") selects securities that it believes have attractive risk-return characteristics. The Adviser's securities selection process includes an analysis of the issuer's financial condition, business and product strength, competitive position and management expertise.

FHYTX - Performance

Return Ranking - Trailing

Period FHYTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.6% -30.0% 28.3% 15.91% 2
1 Yr 7.1% -30.5% 20.2% 41.98% 3
3 Yr 4.6% * -12.4% 7.2% 9.52% 1
5 Yr 8.4% * -12.6% 9.3% 1.16% 1
10 Yr 7.9% * -12.0% 12.4% 2.25% 1

* Annualized


Return Ranking - Calendar

Period FHYTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -8.2% -34.3% 1.0% 26.95% 3
2014 -0.9% -21.7% 10.4% 5.20% 1
2013 6.4% -16.9% 31.6% 1.71% 1
2012 11.0% -18.5% 17.6% 3.46% 1
2011 -3.2% -18.8% 6.8% 26.37% 2

Total Return Ranking - Trailing

Period FHYTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.6% -30.0% 36.7% 32.03% 2
1 Yr 7.1% -30.5% 20.2% 30.86% 2
3 Yr 4.6% * -12.4% 7.2% 8.18% 1
5 Yr 8.4% * -12.6% 9.3% 0.96% 1
10 Yr 7.9% * -12.0% 12.4% 2.02% 1

* Annualized


Total Return Ranking - Calendar

Period FHYTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -8.2% -30.4% 4.6% 44.80% 3
2014 -0.9% -18.4% 10.4% 32.93% 2
2013 6.4% -16.9% 55.9% 26.24% 2
2012 11.0% -18.5% 33.1% 31.39% 2
2011 -3.2% -18.8% 11.9% 45.84% 3

NAV & Total Return History

FHYTX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

FHYTX Category Low Category High FHYTX % Rank Quintile
Net Assets 1.02 B 2.52 M 20.6 B 9.66% 2
Number of Holdings 564 1 1424 4.14% 1
Net Assets in Top 10 90.9 M -32.2 M 3.63 B 11.66% 3
Weighting of Top 10 8.9% 0.0% 100.0% 23.47% 4

Top 10 Holdings

  1. Federated Bank Loan Core 2.70%
  2. First Data Corp New 144A 5.75% 1.04%
  3. Crimson Merger Sub / Ortho-C 144A 6.625% 0.74%
  4. Jaguar Hldg Co Ii / Jaguar M 144A 6.375% 0.74%
  5. Reynolds Grp Issuer 8.25% 0.65%
  6. Platform Specialty Prods 144A 6.5% 0.64%
  7. Argos Merger Sub 144A 7.125% 0.63%
  8. Infor Software Parent 144A 7.125% 0.62%
  9. Chs / Cmnty Health Sys 6.875% 0.56%
  10. Ally Finl 5.75% 0.58%

Asset Allocation

Weighting Category Low Category High FHYTX % Rank Quintile
Bonds
89.48% -9.44% 107.80% 20.55% 4
Stocks
8.23% 0.00% 99.11% 1.69% 1
Cash
1.68% -11.47% 109.44% 24.85% 5
Other
0.61% -11.89% 38.60% 15.18% 3
Convertible Bonds
0.00% 0.00% 18.92% 13.19% 5
Preferred Stocks
0.00% 0.00% 18.78% 13.96% 5

Stock Sector Breakdown

Weighting Category Low Category High FHYTX % Rank Quintile
Consumer Cyclical
3.77% 0.00% 16.04% 1.02% 1
Technology
1.16% 0.00% 25.59% 1.83% 1
Healthcare
0.80% 0.00% 21.24% 2.65% 1
Industrials
0.64% 0.00% 15.79% 2.44% 1
Energy
0.51% 0.00% 12.30% 3.05% 1
Basic Materials
0.49% 0.00% 1.80% 1.83% 1
Consumer Defense
0.44% -0.12% 5.43% 1.83% 1
Utilities
0.24% -0.07% 6.44% 3.26% 1
Financial Services
0.19% 0.00% 16.12% 7.74% 2
Real Estate
0.00% 0.00% 8.20% 4.89% 4
Communication Services
0.00% -0.06% 9.11% 6.72% 5

Stock Geographic Breakdown

Weighting Category Low Category High FHYTX % Rank Quintile
US
7.86% 0.00% 83.03% 1.99% 1
Non US
0.37% -0.01% 52.07% 3.07% 1

Bond Sector Breakdown

Weighting Category Low Category High FHYTX % Rank Quintile
Corporate
89.02% 0.00% 101.98% 16.26% 3
Cash & Equivalents
1.68% -7.60% 100.00% 24.23% 4
Government
0.44% -9.04% 51.73% 15.64% 3
Securitized
0.00% 0.00% 68.94% 16.26% 5
Municipal
0.00% 0.00% 100.00% 3.83% 4
Derivative
0.00% -19.62% 9.44% 3.83% 4

Bond Geographic Breakdown

Weighting Category Low Category High FHYTX % Rank Quintile
US
77.62% -9.44% 100.00% 11.35% 2
Non US
11.86% 0.00% 46.20% 23.47% 4

FHYTX - Expenses

Operational Fees

FHYTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.10% 0.00% 3.69% 18.28% 3
Management Fee 0.60% 0.12% 1.00% 3.37% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.15% 0.00% 0.45% 3.23% 4

Sales Fees

FHYTX Fees (% of AUM) Category Low Category High FHYTX Rank Quintile
Front Load N/A 2.00% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

FHYTX Fees (% of AUM) Category Low Category High FHYTX Rank Quintile
Max Redemption Fee 2.00% 1.00% 2.00% 0.61% 5

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FHYTX Fees (% of AUM) Category Low Category High FHYTX Rank Quintile
Turnover 37.00% 7.20% 2247.00% 13.82% 2

FHYTX - Distributions

Dividend Yield Analysis

FHYTX Category Low Category High FHYTX % Rank Quintile
Dividend Yield 0.3% 0.00% 6.16% 40.72% 4

Dividend Distribution Analysis

FHYTX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FHYTX Category Low Category High FHYTX % Rank Quintile
Net Income Ratio 4.89% -2.75% 9.92% 27.96% 4

Capital Gain Distribution Analysis

FHYTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

FHYTX - Managers

Gene B. Neavin

Manager

Start Date

Apr 30, 2011

Tenure

5.51

Tenure Rank

9.0%

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.


Mark E. Durbiano

Manager

Start Date

Aug 23, 1984

Tenure

32.21

Tenure Rank

0.1%

Mr. Durbiano joined Federated in 1982 and has been a Senior Portfolio Manager and a Senior Vice President of Federated Investment Management Company since 1996. From 1988 through 1995, Mr. Durbiano was a Portfolio Manager and a Vice President of Federated. Mr. Durbiano has received the Chartered Financial Analyst designation and an M.B.A. in Finance from the University of Pittsburgh.


Tenure Analysis

Category Low

0.0

Category High

56.5

Category Average

6.41

Category Mode

4.8