STIAX: Federated Strategic Income A

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STIAX Federated Strategic Income A

  • Fund
  • STIAX
  • Price as of: Jan 16, 2020
  • $9.21
    - $0.00 - 0.00%

Profile

STIAX - Profile

Vitals

  • YTD Return 0.5%
  • 3 Yr Annualized Return 0.9%
  • 5 Yr Annualized Return 0.5%
  • Net Assets $742 M
  • Holdings in Top 10 95.7%

52 WEEK LOW AND HIGH

$9.21
$8.66
$9.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.06%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 48.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,500
  • IRA $250

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.18%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Strategic Income Fund Class A Shares
  • Fund Family Name
    Federated
  • Inception Date
    May 04, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Donald Ellenberger

Fund Description

The fund allocates the portfolio of investments among the following three categories of the fixed-income market: domestic investment-grade (including, but not limited to, U.S. government, asset-backed, mortgage-backed, corporate and municipal), domestic noninvestment-grade (including, but not limited to, corporate debt issues, MBS and municipal securities) and foreign investments. In addition, when the Adviser considers the risk/return prospects of equity securities to be attractive, it may also opportunistically invest up to 20% of its assets in equity securities.


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Categories

Performance

STIAX - Performance

Return Ranking - Trailing

Period STIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -2.4% 4.5% 53.32%
1 Yr 6.2% -36.6% 178.1% 39.49%
3 Yr 0.9%* -34.6% 40.6% 45.00%
5 Yr 0.5%* -34.3% 21.5% 38.19%
10 Yr 0.4%* -3.6% 7.2% 46.97%

* Annualized

Return Ranking - Calendar

Period STIAX Return Category Return Low Category Return High Rank in Category (%)
2019 8.9% -35.1% 177.6% 7.20%
2018 -7.2% -48.0% 0.8% 70.50%
2017 1.9% -14.8% 11.2% 59.93%
2016 5.8% -11.2% 19.1% 13.43%
2015 -6.6% -51.1% 4.0% 64.90%

Total Return Ranking - Trailing

Period STIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -2.4% 4.5% 53.32%
1 Yr 6.2% -36.6% 178.1% 38.92%
3 Yr 0.9%* -34.6% 40.6% 68.33%
5 Yr 0.5%* -34.3% 22.2% 55.51%
10 Yr 0.4%* -3.6% 7.2% 65.91%

* Annualized

Total Return Ranking - Calendar

Period STIAX Return Category Return Low Category Return High Rank in Category (%)
2019 8.9% -35.1% 177.6% 7.20%
2018 -7.2% -48.0% 4.8% 79.19%
2017 1.9% -14.8% 14.0% 73.06%
2016 5.8% -11.2% 22.5% 32.16%
2015 -6.6% -51.1% 4.0% 75.10%

NAV & Total Return History


Holdings

STIAX - Holdings

Concentration Analysis

STIAX Category Low Category High STIAX % Rank
Net Assets 742 M 100 K 134 B 42.38%
Number of Holdings 235 6 7570 69.72%
Net Assets in Top 10 613 M -42.1 B 5.96 B 13.33%
Weighting of Top 10 95.67% 4.5% 410.5% 6.11%

Top 10 Holdings

  1. High Yield Bond Portfolio 33.24%
  2. Federated Emerging Markets Core 21.72%
  3. Federated Mortgage Core Portfolio 16.73%
  4. Us 2yr Note (Cbt) Dec19 Xcbt 20191231 10.87%
  5. United States Treasury Notes 1.62% 2.76%
  6. United States Treasury Notes 1.5% 2.76%
  7. United States Treasury Notes 0.5% 2.14%
  8. US 10 Year Ultra Future Dec19 2.07%
  9. U.S. Treasury Bond Dec19 1.80%
  10. US 10 Year Note (CBT) Dec19 1.59%

Asset Allocation

Weighting Return Low Return High STIAX % Rank
Bonds
95.17% 31.46% 157.00% 22.65%
Cash
2.92% -76.54% 46.21% 75.56%
Stocks
1.79% -1.06% 22.96% 20.44%
Convertible Bonds
0.12% 0.00% 11.31% 75.28%
Preferred Stocks
0.00% 0.00% 54.19% 86.39%
Other
0.00% -32.79% 26.24% 74.44%

Stock Sector Breakdown

Weighting Return Low Return High STIAX % Rank
Consumer Cyclical
40.02% 0.00% 100.00% 9.16%
Technology
13.06% 0.00% 48.41% 13.36%
Basic Materials
10.05% 0.00% 100.00% 5.34%
Industrials
9.31% 0.00% 100.00% 22.14%
Utilities
9.18% 0.00% 100.00% 22.14%
Energy
8.88% 0.00% 100.00% 21.76%
Communication Services
3.97% 0.00% 100.00% 20.61%
Real Estate
3.40% 0.00% 100.00% 16.41%
Healthcare
2.13% 0.00% 80.24% 31.30%
Financial Services
0.00% 0.00% 100.00% 80.15%
Consumer Defense
0.00% 0.00% 23.83% 69.47%

Stock Geographic Breakdown

Weighting Return Low Return High STIAX % Rank
US
1.69% -1.09% 22.23% 20.56%
Non US
0.10% 0.00% 4.62% 18.33%

Bond Sector Breakdown

Weighting Return Low Return High STIAX % Rank
Corporate
49.28% 0.00% 96.88% 40.83%
Government
29.24% 0.00% 99.36% 21.67%
Securitized
18.42% 0.00% 98.45% 50.56%
Cash & Equivalents
3.05% 0.28% 47.61% 86.39%
Derivative
0.01% -1.18% 44.06% 48.06%
Municipal
0.00% 0.00% 36.36% 80.00%

Bond Geographic Breakdown

Weighting Return Low Return High STIAX % Rank
US
72.47% 13.75% 140.38% 42.78%
Non US
22.70% -8.93% 74.05% 41.94%

Expenses

STIAX - Expenses

Operational Fees

STIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.06% 0.00% 76.93% 58.96%
Management Fee 0.55% 0.00% 2.25% 39.31%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.50% 53.33%

Sales Fees

STIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 1.00% 5.75% 29.17%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

STIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

STIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 48.00% 2.00% 899.00% 31.10%

Distributions

STIAX - Distributions

Dividend Yield Analysis

STIAX Category Low Category High STIAX % Rank
Dividend Yield 0.87% 0.00% 6.32% 52.77%

Dividend Distribution Analysis

STIAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

STIAX Category Low Category High STIAX % Rank
Net Income Ratio 4.18% 0.87% 10.10% 35.26%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

STIAX - Fund Manager Analysis

Managers

Donald Ellenberger


Start Date

Tenure

Tenure Rank

Apr 22, 2016

3.69

3.7%

Donald T. Ellenberger is a Senior Portfolio Manager, Head of Multi-Sector Strategies Group and Chairman of the Yield Curve Strategy Committee. He is focusing on asset allocation, interest rate strategy and security selection. He has been with Federated since 1996; has worked in investment management since 1987. Education: B.A., The Pennsylvania State University; M.B.A., Stanford University.

Nathan Kehm


Start Date

Tenure

Tenure Rank

Jan 31, 2018

1.92

1.9%

Nathan H. Kehm, CFA, Vice President, Portfolio Manager. He is responsible for portfolio management and research in the fixed income area concentrating on domestic high yield securities and structured products. Previous association: Assistant Vice President, Corporate Banking, Mellon Bank. B.S., John Carroll University; M.B.A. University of Pittsburgh. Professional affiliation: Member, CFA Society of Pittsburgh. Joined Federated 1997.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.65 5.5 5.0