2 / 5 Stars
1 1 5 3 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
U.S. News evaluated 82 Multisector Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 3.61 percent over the past year, and 3.88 percent over the past three years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.5%|
|3 Years (Annualized)||3.9%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to provide total return consistent with current income and low interest rate volatility. The fund pursues its investment objective by allocating its portfolio of investments among the following three categories of the fixed-income market: domestic investment-grade; domestic noninvestment-grade, and foreign (in both emerging and developed markets). It may also invest its assets in securities of other investment companies, including the securities of affiliated money market funds, as an efficient means of implementing its investment strategies and/or managing its uninvested cash.
Fees are Below Average compared to funds in the same category.
Federated Floating Rate Strategic Income Fund has an expense ratio of 1.00 percent.
Risk is Low compared to funds in the same category according to Morningstar.