Fund Research for Federated Prudent Global Income (PSAFX)

  • Fund Overview

    Fund Inception Date: Feb 02, 2000
    Category: World Bond
    Overall Risk: Average
    Fund Family: Federated
    Return Since Inception: 6.80%
    YTD Return: 7.40%
    Yield (TTM): 3.64%
    Net Assets: 388.35 M
    Morningstar Rating:
    3 of 5
    The investment seeks current income and capital appreciation. The fund primarily invests in fixed-income securities, primarily with short term maturities, issued by governments and governmental agencies of developed countries, including the United States, as well as other countries with sound economic and financial systems. It primarily consider in selecting investments in debt securities is currency movements as it relates to stability of global purchasing power. In addition, the fund may also invest in securities whose performance is linked to the price of gold. It is nondiversified.

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    Details
    Average Eff Duration 0.29 Yrs
    Average Eff Maturity 0.31 Yrs
    Average Credit Quality AA
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/04/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 02/29/2000 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 7.40% 12.76% 7.10% 5.57% — 6.80%
    +/- Category -6.44% -7.73% 0.37% 0.69% — —
    +/- Barclays US Aggregate Bond TR USD — — — — 6.31% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 1.53% 7.87% 5.12% 4.57% — 6.29%
    Quarter (as of 09/30/2009) 1.61% 2.48% 5.77% 5.04% — 6.36%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/04/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/04/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 02/02/2000
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    US Government —
    Mortgage —
    Credit —
    Foreign —
    Cash —
    Bond Quality
    AAA 69.06%
    AA 21.17%
    A 0.00%
    BBB 0.00%
    BB 0.00%
    B 0.00%
    Below B 0.00%
    Not Rated 9.77%

    Asset Allocation

    Short Long Net Assets
    Cash — 92.62% 92.62%
    Stocks — 3.94% 3.94%
    Bonds — 1.02% 1.02%
    Other — 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 — 2.70% 2.70%
    Data as of 09/30/2009 Data as of 09/30/2009 View Fund Portfolio

    Top 10 Holdings

    Maturity Date Total Holdings Value of Holdings Net Assets
    + Federated US Treasury Cash Reserves I — 28.81 M 28.81 M 6.91%
    * Singapore, Government Of, 2.375%, 10/1/2009 10/01/2009 32.8 M 22.7 M 5.45%
    * United States Treas Bills 07/02/2009 22 M 22 M 5.28%
    * US TREASURY BILL 10/01/2009 22 M 21.99 M 5.28%
    * Canadian T-Bill 10/15/2009 23.4 M 20.1 M 4.82%
    * Sweden (Kingdom Of) 4% 12/01/2009 138.5 M 18.22 M 4.37%
    * Japan, Government Of, 1.90%, 9/21/2009 09/21/2009 1.74 B 18.19 M 4.37%
    * Hong Kong T-Bills, 10/7/2009 10/07/2009 136 M 17.55 M 4.21%
    * Norwegian T-Bill, 12/16/2009 12/16/2009 109.5 M 16.96 M 4.07%
    = Denmark (Kingdom Of) 6% 11/15/2009 88.31 M 16.91 M 4.06%
    + Increase - Decrease = No change * New since last portfolio
    Data as of 09/30/2009
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial 4.50%
    Deferred —
    Taken from prospectus dated 09/21/2009
    Expense Ratio (based on net assets) 1.26%
    Taken from annual report dated 09/30/2008

  • Fund Management

    Ihab Salib
    Start Date: 09/15/2008
    Salib joined Federated in April 1999 as a senior fixed income trader/assistant vice president and has served as a portfolio manager since January 2002. From January 1994 through March 1999, Salib was employed as a Senior Global Fixed Income Analyst with UBS Brinson, Inc.
    Doug Noland
    Start Date: 02/02/2000
    Noland joined Federated in December 2008. Prior, he was employed with David Tice & Associates, Inc. where he served as an assistant portfolio manager and strategist from January 1999. From 1990 through 1998, Mr. Noland worked as a trader, portfolio manager and analyst for short-biased hedge funds including G. W. Ringoen & Associates from January 1990 to September 1996, Fleckenstein Capital from September 1996 to March 1997 and East Shore Partners, Inc. from October 1997 to December 1998.