FITSX: Federated Government Income Trust Svc

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FITSX Federated Government Income Trust Svc


Profile

FITSX - Profile

Vitals

  • YTD Return 2.0%
  • 3 Yr Annualized Return 1.0%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $253 M
  • Holdings in Top 10 49.9%

52 WEEK LOW AND HIGH

$10.45
$9.98
$10.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.92%

SALES FEES

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

BROKERAGE FEES

  • Turnover 302.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.91%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Government Income Trust
  • Fund Family Name
    Federated
  • Inception Date
    Jun 02, 1992
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Todd Abraham

Fund Description

Under normal market conditions, the fund invests primarily in mortgage-backed securities (MBS) of investment-grade quality and seeks to provide returns consistent with investments in the market for U.S. home mortgages. It will invest in MBS that are issued or guaranteed by U.S. government agencies or U.S. government-sponsored enterprises (GSEs). The fund also may invest in U.S. government securities and certain derivative instruments.


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Categories

Performance

FITSX - Performance

Return Ranking - Trailing

Period FITSX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -2.7% 8.2% 75.12%
1 Yr 4.2% -2.1% 12.2% 69.27%
3 Yr 1.0%* -1.7% 3.8% 60.92%
5 Yr 0.0%* -2.0% 2.5% 57.96%
10 Yr -0.1%* -2.2% 3.5% 74.83%

* Annualized

Return Ranking - Calendar

Period FITSX Return Category Return Low Category Return High Rank in Category (%)
2019 3.4% -0.4% 4.9% 57.14%
2018 -1.9% -3.4% -0.7% 44.50%
2017 -0.5% -2.3% 0.9% 53.80%
2016 -0.9% -3.3% 1.4% 26.09%
2015 -1.3% -4.5% 0.2% 25.97%

Total Return Ranking - Trailing

Period FITSX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -2.7% 8.2% 75.12%
1 Yr 4.2% -2.1% 12.2% 68.78%
3 Yr 1.0%* -1.4% 4.8% 70.69%
5 Yr 0.0%* -2.0% 3.2% 72.61%
10 Yr -0.1%* -2.2% 3.8% 85.31%

* Annualized

Total Return Ranking - Calendar

Period FITSX Return Category Return Low Category Return High Rank in Category (%)
2019 3.4% -0.2% 4.9% 60.10%
2018 -1.9% -3.4% 3.0% 57.07%
2017 -0.5% -2.0% 2.8% 64.33%
2016 -0.9% -3.3% 1.5% 55.90%
2015 -1.3% -4.5% 2.0% 52.60%

NAV & Total Return History


Holdings

FITSX - Holdings

Concentration Analysis

FITSX Category Low Category High FITSX % Rank
Net Assets 253 M 1.3 M 24.9 B 83.90%
Number of Holdings 383 2 15659 52.68%
Net Assets in Top 10 157 M 0 6.43 B 59.51%
Weighting of Top 10 49.88% 0.0% 100.0% 17.80%

Top 10 Holdings

  1. Federal National Mortgage Association 3% 10.15%
  2. Federal National Mortgage Association 3.5% 9.15%
  3. FHLMC Pc Prepay Prm 30 2.19% 5.76%
  4. Federal National Mortgage Association 3% 5.26%
  5. Federal National Mortgage Association 4% 4.27%
  6. Federal Home Loan Mortgage Corporation 3.5% 3.84%
  7. Federal National Mortgage Association 3% 3.22%
  8. Federal National Mortgage Association 4% 2.91%
  9. Government National Mortgage Association 2.16% 2.78%
  10. Federal Home Loan Mortgage Corporation 3.5% 2.54%

Asset Allocation

Weighting Return Low Return High FITSX % Rank
Bonds
96.85% 0.00% 140.64% 42.93%
Cash
3.15% -40.55% 100.00% 57.56%
Stocks
0.00% -0.07% 12.90% 90.73%
Preferred Stocks
0.00% 0.00% 0.01% 93.66%
Other
0.00% -38.15% 15.35% 89.27%
Convertible Bonds
0.00% 0.00% 0.24% 93.66%

Bond Sector Breakdown

Weighting Return Low Return High FITSX % Rank
Securitized
96.94% 0.00% 118.57% 5.85%
Cash & Equivalents
3.06% -28.81% 100.00% 69.76%
Derivative
0.00% -0.01% 10.87% 94.63%
Corporate
0.00% 0.00% 4.61% 95.12%
Municipal
0.00% 0.00% 15.90% 93.66%
Government
0.00% 0.00% 100.00% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High FITSX % Rank
US
96.85% 0.00% 139.29% 42.93%
Non US
0.00% 0.00% 5.24% 93.66%

Expenses

FITSX - Expenses

Operational Fees

FITSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.92% 0.03% 3.79% 40.91%
Management Fee 0.40% 0.00% 0.85% 61.46%
12b-1 Fee 0.00% 0.00% 1.00% 14.04%
Administrative Fee 0.10% 0.01% 0.45% 67.01%

Sales Fees

FITSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FITSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

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.

FITSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 302.00% 0.00% 1482.00% 81.07%

Distributions

FITSX - Distributions

Dividend Yield Analysis

FITSX Category Low Category High FITSX % Rank
Dividend Yield 0.55% 0.00% 2.52% 20.98%

Dividend Distribution Analysis

FITSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FITSX Category Low Category High FITSX % Rank
Net Income Ratio 1.91% 0.34% 2.99% 69.27%

Capital Gain Distribution Analysis

FITSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FITSX - Fund Manager Analysis

Managers

Todd Abraham


Start Date

Tenure

Tenure Rank

Sep 01, 2000

19.59

19.6%

Todd A. Abraham is a Senior Portfolio Manager and Head of the Government/Mortgage-Backed Fixed Income Group. Mr. Abraham has been a Senior Portfolio Manager from 2007, Portfolio Manager from 1995 to 2006, a Senior Vice President since 2007 and a Vice President of Federated from 1997 to 2006. Mr. Abraham joined Federated in 1993 as an Investment Analyst and served as Assistant Vice President from 1995 to 1997. Mr. Abraham served as a Portfolio Analyst at Ryland Mortgage Co. from 1992 to 1993. Mr. Abraham has received the Chartered Financial Analyst designation and an M.B.A. in Finance from Loyola College.

Liam O'Connell


Start Date

Tenure

Tenure Rank

Mar 31, 2013

7.01

7.0%

Liam O'Connell joined Federated in September 2003 as an Investment Analyst of Federated from 2003 to 2005. He was named an Assistant Vice President of Federated in January 2005 and Vice President in January 2013. He has been the portfolio manager of Federated since April of 2017. From 2001 to 2003, Mr. O'Connell attended MIT's Sloan School of Management, receiving his M.B.A. Mr. O'Connell served as an engineer with the Naval Surface Warfare Center from 1998 to 2001. Mr. O'Connell also holds a B.S. in Naval Architecture and Marine Engineering from the Webb Institute of Naval Architecture, and an M.S. from the Johns Hopkins University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 29.47 8.13 5.18