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FHYTX Federated High Yield Trust Service

  • Fund
  • FHYTX
  • Price as of: Nov 17, 2017
  • $6.83
  • - $0.00
  • - 0.00%
  • Category
  • High Yield Bonds

FHYTX - Profile

Vitals

  • YTD Return 1.8%
  • 3 Yr Annualized Return 5.2%
  • 5 Yr Annualized Return 7.1%
  • Net Assets $1.05 B
  • Holdings in Top 10 8.0%

52 WEEK LOW AND HIGH

$6.83
$6.60
$6.96

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.12%

SALES FEES

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

BROKERAGE FEES

  • Turnover 35.00%

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 1.8%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return 7.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.92%
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 the advisor 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 1.8% -69.7% 10775.8% 23.17% 2
1 Yr 9.1% -30.5% 27.9% 20.99% 2
3 Yr 5.2% * -14.3% 10.2% 13.61% 1
5 Yr 7.1% * -10.5% 13.4% 4.14% 1
10 Yr 8.0% * -12.4% 12.4% 3.08% 1

* Annualized


Return Ranking - Calendar

Period FHYTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 8.9% -14.1% 332.1% 12.28% 1
2015 -8.2% -34.3% 1.0% 27.00% 3
2014 -0.9% -21.7% 10.4% 5.55% 1
2013 6.4% -16.9% 31.6% 2.11% 1
2012 11.0% -18.5% 17.6% 3.47% 1

Total Return Ranking - Trailing

Period FHYTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.8% -69.7% 10775.8% 23.21% 2
1 Yr 9.1% -30.5% 27.9% 15.43% 1
3 Yr 5.2% * -14.3% 10.2% 10.86% 1
5 Yr 7.1% * -10.5% 13.4% 3.42% 1
10 Yr 8.0% * -12.4% 12.4% 2.64% 1

* Annualized


Total Return Ranking - Calendar

Period FHYTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 8.9% -14.1% 332.1% 30.40% 2
2015 -8.2% -30.4% 4.6% 45.34% 3
2014 -0.9% -18.4% 10.4% 33.97% 2
2013 6.4% -16.9% 55.9% 25.72% 2
2012 11.0% -18.5% 33.1% 31.24% 2

NAV & Total Return History

FHYTX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

FHYTX Category Low Category High FHYTX % Rank Quintile
Net Assets 1.05 B 768 K 24.7 B 11.96% 2
Number of Holdings 521 1 1467 5.83% 1
Net Assets in Top 10 83.6 M -32.2 M 2.72 B 15.34% 3
Weighting of Top 10 8.0% 0.0% 100.0% 30.52% 4

Top 10 Holdings

  1. Federated Bank Loan Core 1.49%
  2. First Data Corp New 144A 5.75% 1.03%
  3. Jaguar Hldg Co Ii / Jaguar M 144A 6.375% 0.83%
  4. Crimson Merger Sub / Ortho-C 144A 6.625% 0.82%
  5. Mph Acquisition Hldgs 144A 7.125% 0.71%
  6. Platform Specialty Prods 144A 6.5% 0.69%
  7. Bway Hldg Company 144A 7.25% 0.63%
  8. Hockey Mergersub 144A 7.875% 0.61%
  9. Quicken Lns 144A 5.75% 0.58%
  10. Ally Finl 5.75% 0.59%

Asset Allocation

Weighting Category Low Category High FHYTX % Rank Quintile
Bonds
89.16% -16.96% 107.80% 24.85% 4
Stocks
7.90% 0.00% 97.94% 2.15% 1
Cash
2.92% -11.47% 116.96% 21.47% 3
Other
0.03% -6.16% 38.60% 23.31% 4
Preferred Stocks
0.00% 0.00% 21.64% 19.48% 5
Convertible Bonds
0.00% 0.00% 18.92% 16.10% 5

Stock Sector Breakdown

Weighting Category Low Category High FHYTX % Rank Quintile
Consumer Cyclical
3.54% 0.00% 14.00% 1.16% 1
Technology
1.26% -0.22% 27.64% 1.94% 1
Industrials
0.86% -0.07% 12.57% 2.33% 1
Basic Materials
0.73% 0.00% 4.07% 1.94% 1
Energy
0.38% -0.14% 9.63% 7.17% 2
Healthcare
0.37% 0.00% 17.03% 3.29% 1
Utilities
0.27% -0.07% 3.16% 3.68% 1
Financial Services
0.24% -0.08% 19.16% 6.40% 1
Consumer Defense
0.24% -0.10% 6.19% 2.71% 1
Real Estate
0.00% 0.00% 11.28% 5.43% 4
Communication Services
0.00% -0.09% 4.06% 5.62% 4

Stock Geographic Breakdown

Weighting Category Low Category High FHYTX % Rank Quintile
US
7.46% 0.00% 79.34% 1.99% 1
Non US
0.44% -0.02% 53.41% 3.07% 1

Bond Sector Breakdown

Weighting Category Low Category High FHYTX % Rank Quintile
Corporate
89.12% 0.00% 101.98% 21.93% 3
Cash & Equivalents
2.91% -7.60% 100.00% 21.32% 3
Municipal
0.05% 0.00% 100.00% 4.45% 1
Derivative
0.00% -19.62% 16.96% 4.60% 4
Securitized
0.00% 0.00% 58.52% 16.87% 5
Government
0.00% -6.62% 69.31% 16.10% 5

Bond Geographic Breakdown

Weighting Category Low Category High FHYTX % Rank Quintile
US
81.23% -16.96% 100.00% 9.05% 2
Non US
7.93% -0.37% 50.48% 32.52% 5

FHYTX - Expenses

Operational Fees

FHYTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.12% 0.00% 5.24% 17.82% 3
Management Fee 0.60% 0.00% 1.00% 3.68% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.10% 0.00% 0.45% 4.58% 3

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% 0.59% 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 35.00% 3.52% 1851.00% 16.44% 1

FHYTX - Distributions

Dividend Yield Analysis

FHYTX Category Low Category High FHYTX % Rank Quintile
Dividend Yield 0.3% 0.00% 6.16% 41.04% 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 4.92% -2.63% 12.36% 26.27% 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

6.51

Tenure Rank

10.7%

Mr. Neavin joined Federated in 2001 as an Investment Analyst and has been a Portfolio Manager since 2011. . 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

33.21

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

57.4

Category Average

6.78

Category Mode

2.8