Madelyn Reilly - Federated Premier Independent Trustee

FMN Fund  USD 10.96  0.02  0.18%   
Madelyn Reilly is Fund Manager at Federated Premier Municipal
Age 64
Tenure 5 years
Phone412-288-1900
Webhttps://www.federatedinvestors.com/FII/closedendfunds/details/overview.do?basketid=10461

Federated Premier Management Performance (%)

The company has Return on Asset of 1.8 % which means that on every $100 spent on assets, it made $1.8 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (13.35) %, meaning that it generated no profit with money invested by stockholders. Federated Premier's management efficiency ratios could be used to measure how well Federated Premier manages its routine affairs as well as how well it operates its assets and liabilities.
Federated Premier Municipal has 113.6 M in debt with debt to equity (D/E) ratio of 0.75, which is OK given its current industry classification. Federated Premier has a current ratio of 3.99, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Federated Premier until it has trouble settling it off, either with new capital or with free cash flow. So, Federated Premier's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Federated Premier sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Federated to invest in growth at high rates of return. When we think about Federated Premier's use of debt, we should always consider it together with cash and equity.

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Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc. Federated Premier Municipal Income Fund was formed on December 20, 2002 and is domiciled in United States. Federated Premier operates under Asset Management classification in the United States and is traded on New York Stock Exchange. The fund is not classified under any group at the present time.

Management Performance

Federated Premier Leadership Team

Elected by the shareholders, the Federated Premier's board of directors comprises two types of representatives: Federated Premier inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Federated. The board's role is to monitor Federated Premier's management team and ensure that shareholders' interests are well served. Federated Premier's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Federated Premier's outside directors are responsible for providing unbiased perspectives on the board's policies.
John Fisher, Trustee
Lori Hensler, Treasurer
Thomas ONeill, Independent Trustee
Stephen Meter, Senior Vice President Chief Compliance Officer
John Walsh, Independent Chairman of the Board of Trustees
Charles Mansfield, Independent Trustee
P Richey, Independent Trustee
Maureen LallyGreen, Independent Trustee
Madelyn Reilly, Independent Trustee
Peter Germain, Executive Vice President, Secretary, Chief Legal Officer
G Hough, Independent Trustee
John Collins, Independent Trustee
Robert Ostrowski, Senior Vice President Chief Investment Officer
J Donahue, President Trustee

Federated Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Federated Premier a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Federated Premier

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Federated Premier position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Federated Premier will appreciate offsetting losses from the drop in the long position's value.

Moving against Federated Fund

  0.53ABQYX Ab Intermediate BondPairCorr
The ability to find closely correlated positions to Federated Premier could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Federated Premier when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Federated Premier - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Federated Premier Municipal to buy it.
The correlation of Federated Premier is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Federated Premier moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Federated Premier moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Federated Premier can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Federated Fund

Federated Premier financial ratios help investors to determine whether Federated Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Federated with respect to the benefits of owning Federated Premier security.
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