Federated Municipal High Yield A: (MF: FMOAX)
NAV
$9.07
NAV Day Change
-0.01 (-0.11%)
May 21 06:05 PM ET
General Information As Of 04/30/13
| %Yield | 4.15 |
| %SEC Yield | 3.05 |
| %YTD Return (as of 04/30/13) | 1.88 |
| Objective* | Fixed Income - Muni Natl |
| Peer* | MB LT |
Portfolio Statistics
| %Unrealized Gain YTD | 4.62 |
| Net Assets (Mil $) 04/30/2013 | 263.22 |
| %Turnover 04/30/2013 | 10.00 |
Fees
| %Max Sales Load | 4.50 |
| %Min Sales Load | .00 |
| %Max Deferred Load | NA |
Expenses
| %Max 12b-1 Fee | 0.05 |
| %Max Management Fee | 0.60 |
| Redemption Fee | NA |
| Expense Ratio | 0.89 |
Allocation
| Large Growth | NA |
| Large Value | NA |
| Small Growth | NA |
| Small Value | NA |
| Foreign Stock | NA |
| Emerging Market | NA |
| Precious Metal | NA |
| Intermediate Bond | NA |
| Foreign Bond | NA |
| High Yield Bond | NA |
Portfolio Information
Composition
| As of 02/28/2013 | %of Net Assets |
| Stock | 0.00 |
| Cash | 0.00 |
| Bonds | 98.53 |
| Preferred | 0.00 |
| Convertibles | 0.00 |
| Foreign Stock | 0.00 |
| Foreign Bonds | 0.00 |
| Hedge | 0.00 |
| Other | 1.47 |
Sector / Country Weightings
| As of 04/30/2013 | % of Portfolio |
|---|---|
| NA | NA |
Portfolio Holdings
| Top Holdings (As of 02/28/2013) | % of Portfolio | Value (Mil$) |
|---|---|---|
| WI STATE GEN FUND APPROPR | 1.14 | 6.42 |
| NY CITY NY IDA SPECIAL FA | 1.11 | 6.25 |
| OKLAHOMA STATE TURNPIKE A | 1.07 | 6.00 |
| NY CITY NY MUNI WTR FIN A | 1.03 | 5.77 |
| GOLDEN STATE TOBACCO SECU | 0.90 | 5.07 |
| ATLANTA GA WTR & WSTWTR R | 0.86 | 4.83 |
| RI STATE HLTH AND EDUCL B | 0.86 | 4.82 |
| FL STATE MUNI PWR AGENCY | 0.85 | 4.80 |
| PA EDFA EXEMPT FAC REV BO | 0.85 | 4.78 |
| MI TOBACCO SETLMNT FIN AU | 0.82 | 4.59 |
Contact Information
| Family | Federated |
| Addrerss | 1001 Liberty Ave. Pittsburgh, PA 15222 |
| Phone | 800 341-7400 |
Zacks Premium Research
Zacks Mutual Fund Rank: 1 - Strong Buy 
| #1 |
Fund Description
The fund was incepted in April 1987 and is managed by Federated Investment Management Company. The fund's investment objective is to provide a high level of current income, which is generally exempt from the federal regular income tax. The fund pursues its objective by investing in a portfolio of tax exempt securities so that at least 80% of the income that it distributes will be exempt from federal regular income tax. Interest income from the fund's investments may be subject to the federal alternative minimum tax for individuals and corporations (AMT). The fund invests primarily in long-term, medium-quality and non-investment grade tax exempt securities. The fund offers dividends monthly and capital gains annually.
Stock Holding % of Net Assets
| As Of | 02/28/2013 |
| Total Issues | NA |
| Avg. P/E | NA |
| Avg. P/Book | NA |
| Avg. EPS Growth | NA |
| Avg. Market Value (Mil $) | NA |
Risk
| 3 Year | 5 Year | 10 Year | |
|---|---|---|---|
| Beta | 1.12 | 1.34 | 1.08 |
| Alpha | 1.36 | -1.26 | 0.25 |
| R Squared | 0.84 | 0.52 | 0.58 |
| Std. Dev. | 4.62 | 8.87 | 7.31 |
| Sharpe | 1.80 | 0.72 | 3.00 |
Shareholder Information
| Manager | Lee R. Cunningham II |
| Since | 04/09 |
| Manager Rating | NA |
| Inception Date | 08/05/1996 |
| Shareholders | 1628 |
| Dividends Paid | M |
| Minimum Initial Investment | $1,500 |
| Minimum Subsequent Investment | $100 |
| IRA Minimum | $0 |
| IRA Available | Y | Check Writing | N | Phone Invest | Y |
| Phone Exchange | Y | Phone Redeem | Y | Auto Invest | Y |
| Wire Redeem | N | Wire Fee | N | Wire Transfer | N |
Zacks Commentary for FMOAX
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May 14, 2013
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Mar 28, 2013
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Jan 15, 2013
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Dec 04, 2012
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