PITTSBURGH, April 1, 2015 /PRNewswire/ -- Federated
Investors, Inc. (NYSE: FII), one of the nation's largest investment
managers, today announced that the Federated High Yield Trust
(FHYTX) received a Lipper Fund Award for its category-leading
performance. The Service Shares of the fund earned the award
based on Lipper's calculation of consistent five-year risk-adjusted
performance ending Dec. 31, 2014.
Federated High Yield Trust earned the Lipper Fund Award in the
High Yield Funds classification and ranked best out of 121
portfolios and 414 funds for the five-year period. Federated
High Yield Trust seeks to provide a high level of current income
and capital appreciation by investing primarily in high-yield,
lower-rated corporate bonds. The fund seeks to enhance
returns by augmenting its portfolio of high-yield bonds with an
opportunistic allocation of up to 20 percent in public stocks of
high-yield companies. When market conditions warrant, the equity
allocation has the potential to generate higher returns,
particularly in low-rate, low-yield environments. Portfolio
managers Mark Durbiano and
Gene Neavin bring a combined 45
years of experience to the fund.
"We appreciate Lipper's recognition of the fund's excellent
five-year performance record and our talented investment
professionals," said John B. Fisher,
president and chief executive officer, Federated Advisory
Companies. "We also call attention to the fund's top-decile
performance on a one-, three- and 10-year basis in this same peer
universe."
Lipper is a leading global provider of mutual fund research and
analysis.
Federated Investors, Inc. is one of the largest investment
managers in the United States,
managing $362.9 billion in assets as
of Dec. 31, 2014. With 131 funds and a variety of
separately managed account options, Federated provides
comprehensive investment management to more than 7,700 institutions
and intermediaries including corporations, government entities,
insurance companies, foundations and endowments, banks and
broker/dealers. For more information, visit
FederatedInvestors.com.
The currency for the calculation corresponds to the currency of
the country for which the awards are calculated and relies on
monthly data. Classification averages are calculated with all
eligible share classes for each eligible classification. The
calculation periods extend over 36, 60, and 120 months. The highest
Lipper Leader for Consistent Return (Effective Return) value within
each eligible classification determines the fund classification
winner over three, five, or ten years. For a detailed explanation
please review the Lipper Leaders methodology document on
www.lipperweb.com.
Although Lipper makes reasonable efforts to ensure the accuracy
and reliability of the data contained herein, the accuracy is not
guaranteed by Lipper. Users acknowledge that they have not relied
upon any warranty, condition, guarantee, or representation made by
Lipper. Any use of the data for analyzing, managing, or trading
financial instruments is at the user's own risk. This is not an
offer to buy or sell securities.
Fund performance and rankings are based on total returns as of
Dec. 31, 2014 in Lipper's High Yield
Funds classification. Federated High Yield Trust ranked 21 out of
620 funds for one-year performance, 3 out of 488 for three-year
performance, 1 out of 418 for five-year performance, and 8 out of
284 for 10-year performance. Rankings do not consider the effect of
sales charges.
Past performance is no guarantee of future results.
Bond prices are sensitive to changes in interest rates, and a
rise in interest rates can cause a decline in their prices.
High-yield, lower-rate securities generally entail greater
market, credit/default and liquidity risk and may be more volatile
than investment-grade securities.
For more complete information, visit FederatedInvestors.com
or contact your investment professional for summary prospectuses or
prospectuses. You should consider the fund's investment objectives,
risks, charges and expenses carefully before you invest.
Information about these and other important subjects is in the
fund's summary prospectus or prospectus, which you should read
carefully before investing.
Federated Securities Corp., Distributor
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SOURCE Federated Investors, Inc.