Federated Absolute Return Fund (IS) FMIIX

As of 08-31-2015


  • Pursues absolute (positive) returns with low correlation to the U.S. equity market.
  • Invests in a wide range of U.S. and foreign asset classes, may sell securities short and may position for market advances or declines by taking net long or short exposure.
  • Potentially provides strong portfolio diversification because its performance has not been historically correlated to that of stocks, bonds or cash.

Key Investment Team


Symbol   FMIIX
Fund Number(s)   340
Newspaper Listing   FedAbRetIS
CUSIP   314172453
Benchmark   BofA Merrill Lynch 3-Month Treasury Bill Index
Performance Inception Date   12-04-2000
Fiscal Year-End   10-31

Morningstar Ratings™

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    Funds in Category
Overall 100
3 Year 100
5 Year 72
Based on risk adjusted total return. The overall rating is derived from a weighted average of the fund’s three-, five-, and ten-year average annual returns, as applicable.

Morningstar Category & Style

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Category Market Neutral

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