Federated Institutional High Yield Bond Fund

Class Inst (FIHBX)
5 / 5 Stars
5 5 2 5 1
Zacks Investment Research
4 (Sell)
Standard & Poor's
5 / 5 Stars
C+ (Hold)

#15 in High Yield Bond

U.S. News evaluated 179 High Yield Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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The fund has returned 11.11 percent over the past year, 9.52 percent over the past three years, 13.25 percent over the past five years, and 8.86 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 5.1%
1 Year 11.1%
3 Years (Annualized) 9.5%
5 Years (Annualized) 13.3%
10 Years (Annualized) 8.9%

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The investment seeks high current income. The fund pursues its investment objective by investing primarily in a diversified portfolio of high yield corporate bonds (also known as "junk bonds"), including debt securities issued by U.S. or foreign businesses (including emerging market debt securities). The Adviser does not limit the fund's investments to securities of a particular maturity range. It may invest in derivative contracts (for example, futures contracts, option contracts and swap contracts) to implement its investment strategies as more fully described in the fund's Prospectus.


Fees are Average compared to funds in the same category.
Federated Institutional High Yield Bond Fund has an expense ratio of 0.49 percent.

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Risk is Average compared to funds in the same category according to Morningstar.

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