Federated High Yield Trust (C) FHYCX

Share Classes Product Type Asset Class Category
Mutual Fund Fixed Income High Yield Bond
As of 03-31-2015


  • Pursues a high level of current income.
  • Invests primarily in high-yield, lower-rated corporate bonds, with limited equity exposure.
  • Offers the potential for attractive relative total returns in economic recoveries through ratings upgrades or improved performance of issuers.
  • Provides portfolio diversification; historically, high-yield bond performance has not been correlated to other types of bonds.
  • Features a 30-year track record; consistent management since inception.

Key Investment Team


Symbol   FHYCX
Fund Number(s)   120
Newspaper Listing   HiYldC
CUSIP   314197401
Benchmark   Barclays U.S. Corporate High Yield 2% Issuer Capped Index
Performance Inception Date   08-23-1984
Fiscal Year-End   2-28

Morningstar Ratings™

disclosures »
    Funds in Category
Overall 595
3 Year 595
5 Year 501
10 Year 350
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

disclosures »
Category High Yield Bond


The Fund’s A and C classes commenced operations on April 30, 2014. For the periods prior to the commencement of operations of the A and C classes, the A and C class performance information shown is for the SS class adjusted to reflect the expenses of the A and C class for each year for which the respective class expenses would have exceeded the actual expenses paid by the Fund's SS class. The performance information has also been adjusted to reflect any applicable differences between the sales loads and charges imposed on the purchase and redemption of Class A, C, and SS shares, as well as, the removal of any voluntary waivers/reimbursements of Fund expenses that may have occurred during the periods prior the commencement of operations of the A and C classes.

Mutual funds are subject to risks and fluctuate in value.

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-rated securities generally entail greater market, credit/default and liquidity risks and may be more volatile than investment-grade securities.

Index classifications are based upon, and individual portfolio securities are assigned to, the classification and sub-classification categories of the Barclays High Yield 2% Issuer Capped Index (BCHY2%ICI). Individual portfolio securities that are not included in the BCHY2%ICI are assigned to an index classification category at the discretion of the fund’s advisor.

Past performance is no guarantee of future results.

Investors should carefully consider the fund's investment objectives, risks, charges and expenses before investing. To obtain a summary prospectus or prospectus containing this and other information, contact us or view the prospectus provided on this website. Please carefully read the summary prospectus or prospectus before investing.

"Category" product classifications noted at the top are Federated's internal classifications.

For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary.

Federated Securities Corp., Distributor
Not FDIC Insured May Lose Value No Bank Guarantee
Copyright © 2015 Federated Investors, Inc.

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