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FHYTX Federated High Yield Trust Service

  • Fund
  • FHYTX
  • Price as of: Jun 21, 2019
  • $6.66 - $0.00 - 0.00%
  • Category
  • High Yield Bonds

FHYTX - Profile

Vitals

  • YTD Return 8.1%
  • 3 Yr Annualized Return 1.4%
  • 5 Yr Annualized Return -1.0%
  • Net Assets $745 M
  • Holdings in Top 10 8.5%

52 WEEK LOW AND HIGH

$6.66
$6.12
$6.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.08%

SALES FEES

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

BROKERAGE FEES

  • Turnover 20.00%

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 8.1%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.04%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 Mark E. Durbiano

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 (%)
YTD 8.1% -7.9% 15.0% 10.04%
1 Yr -1.2% -15.4% 4.1% 84.38%
3 Yr 1.4%* -7.0% 5.6% 23.64%
5 Yr -1.0%* -8.3% 1.4% 20.43%
10 Yr 3.8%* -13.6% 4.7% 3.20%

* Annualized


Return Ranking - Calendar

Period FHYTX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.5% -23.1% -0.4% 96.34%
2017 2.5% -9.5% 28.5% 13.25%
2016 8.9% -14.4% 28.6% 16.53%
2015 -8.2% -34.3% 1.0% 43.31%
2014 -0.9% -23.1% 27.7% 7.95%

Total Return Ranking - Trailing

Period FHYTX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.1% -7.9% 15.0% 13.05%
1 Yr -1.2% -15.4% 5.6% 89.86%
3 Yr 5.0%* -7.0% 9.7% 15.48%
5 Yr 1.0%* -7.5% 5.7% 20.64%
10 Yr 4.8%* -13.6% 8.7% 18.51%

* Annualized


Total Return Ranking - Calendar

Period FHYTX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.5% -23.1% 1.3% 97.76%
2017 2.5% -4.9% 36.8% 31.88%
2016 20.7% -14.4% 39.0% 1.05%
2015 -8.2% -28.3% 4.3% 53.56%
2014 -0.9% -21.8% 27.7% 27.15%

NAV & Total Return History

FHYTX - Holdings

Concentration Analysis

FHYTX Category Low Category High FHYTX % Rank
Net Assets 745 M 664 K 24.4 B 44.58%
Number of Holdings 435 6 1626 25.90%
Net Assets in Top 10 64.9 M -197 K 3.73 B 47.59%
Weighting of Top 10 8.51% 5.4% 100.1% 73.90%

Top 10 Holdings

  1. Federated Bank Loan Core 1.03%

  2. Jaguar Holding Co II/Pharmaceutical Product Development LLC 6.38% 0.99%

  3. Park Aerospace Holdings Limited 5.5% 0.92%

  4. Hub International Limited 7% 0.90%

  5. First Data Corporation 5.75% 0.88%

  6. Crimson Merger Sub Inc / Ortho-Clinical Diagnostics SA 6.62% 0.84%

  7. BWAY Holding Company 7.25% 0.77%

  8. ALTICE FRANCE S.A 7.38% 0.75%

  9. Flex Acquisition Company, Inc. 6.88% 0.75%

  10. Tempo Acquisition LLC / Tempo Acquisition Fin Corp 6.75% 0.69%


Asset Allocation

Weighting Return Low Return High FHYTX % Rank
Bonds
90.19% -14.92% 100.00% 79.92%
Stocks
7.23% -0.44% 99.99% 2.61%
Cash
2.58% -4.10% 114.92% 71.49%
Preferred Stocks
0.00% 0.00% 11.13% 70.68%
Other
0.00% -5.90% 11.36% 68.47%
Convertible Bonds
0.00% 0.00% 11.40% 78.31%

Stock Sector Breakdown

Weighting Return Low Return High FHYTX % Rank
Consumer Cyclical
2.79% -0.14% 15.43% 2.00%
Technology
1.16% -0.17% 30.52% 2.50%
Basic Materials
0.82% 0.00% 1.54% 2.75%
Industrials
0.62% 0.00% 14.47% 5.00%
Energy
0.58% -0.06% 2.74% 9.25%
Healthcare
0.40% 0.00% 14.67% 6.50%
Utilities
0.24% -0.04% 2.00% 9.25%
Real Estate
0.24% -0.03% 2.98% 4.50%
Communication Services
0.21% -0.04% 2.00% 8.00%
Consumer Defense
0.18% -0.09% 4.73% 7.50%
Financial Services
0.00% -0.03% 16.74% 53.00%

Stock Geographic Breakdown

Weighting Return Low Return High FHYTX % Rank
US
6.59% -0.43% 50.32% 2.61%
Non US
0.64% -0.01% 49.67% 5.02%

Bond Sector Breakdown

Weighting Return Low Return High FHYTX % Rank
Corporate
89.62% 0.00% 100.28% 73.29%
Cash & Equivalents
2.58% -0.39% 114.92% 67.27%
Derivative
0.00% -14.92% 8.62% 45.58%
Securitized
0.00% 0.00% 61.00% 65.66%
Municipal
0.00% 0.00% 99.98% 49.00%
Government
0.00% -5.69% 66.73% 54.82%

Bond Geographic Breakdown

Weighting Return Low Return High FHYTX % Rank
US
79.61% -14.92% 99.77% 47.79%
Non US
10.58% 0.00% 59.88% 76.31%

FHYTX - Expenses

Operational Fees

FHYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.08% 0.00% 6.42% 46.18%
Management Fee 0.60% 0.00% 1.00% 59.04%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.45% 48.94%

Sales Fees

FHYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FHYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 28.95%

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 Return Low Category Return High Rank in Category (%)
Turnover 20.00% 5.00% 1334.00% 7.63%

FHYTX - Distributions

Dividend Yield Analysis

FHYTX Category Low Category High FHYTX % Rank
Dividend Yield 0.04% 0.00% 3.43% 51.41%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FHYTX Category Low Category High FHYTX % Rank
Net Income Ratio 5.04% -1.92% 7.22% 48.19%

Capital Gain Distribution Analysis

FHYTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

FHYTX - Managers

Mark E. Durbiano

Manager

Start Date

Tenure

Tenure Rank

Aug 23, 1984

34.79

34.8%

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.


Gene B. Neavin

Manager

Start Date

Tenure

Tenure Rank

Apr 30, 2011

8.09

8.1%

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.


Tenure Analysis

Category Low

0.02

Category High

34.79

Category Average

6.91

Category Mode

0.41