Federated Strategic Value Dividend A Fund (SVAAX) a Zacks Rank #1 (Strong Buy) was incepted in April 1997 and is managed by SAFECO Asset Management Company. SVAAX seeks long-term growth of capital and income by investing in stocks selected for their attractive relative values. SVAAX invests primarily in common stocks issued by U.S. companies. Under normal circumstances, the fund invests at least 80% of its assets in such stocks.
This Mid Value product, as of the last filing, allocates their fund in three major groups; Intermediate Bond, Large Growth and Foreign Stock. Further, as of the last filing, GlaxoSmithKline Plc Adr, Vodafone Group (LON:VOD) Plc and AT&T Inc (NYSE:T) were the top holdings for SVAAX.
The Federated Strategic Value Dividend A fund, managed by Federated, carries an expense ratio of 1.05%. Moreover, SVAAX requires a minimal initial investment of $1,500.
SVAAX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 11.98% and 5 year 12.99%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
SVAAX’s performance, as of the last filing, when compared to funds in its category was in the top 1% in 1 year, top 8% over the past 3 years, and in the 11% over the past 5 years.
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Zacks Investment Research