FMUSX : Federated Municipal Ultrashort Fund Institutional Shares

FMUSX is a Bond Market Municipal Bond with LOW fees.

FMUSX

Federated Municipal Ultrashort Fund Institutional Shares

FI Score

77 /100

Expense Ratio Rating

9 /10

Expense Rating

6 /10

Market Score

8 /10

Category Score

8 /10

Market Size

8 /10

77% FI Score
  • fmusx
  • Mutual Fund
  • Bond
  • Municipal Bond

Federated Municipal Ultrashort Fund Institutional Shares

Expenses: 0.36% (Better than 1% of similar funds)

This is an OK choice for a Municipal Bond Bond fund. See why ยป

Fund Summary

The investment seeks to provide current income exempt from federal regular income tax. The fund invests at least 65% of its assets in securities rated investment grade and may purchase securities rated below investment-grade up to 35% of its assets. Its adviser seeks to maintain a low degree of share price fluctuation by generally limiting the fund's dollar-weighted average portfolio duration to one year or less. It will normally invest so that at least 80% of its net assets are in tax-exempt securities or at least 80% of its annual interest income is exempt from federal regular income tax.

Largest Holdings

Amount Holding
2.80% FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 0.62%
2.26% CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 1.32%
2.26% PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV 1.35%
1.81% PITTSBURGH PA WTR & SWR AUTH WTR & SWR SYS REV 1.83%
1.35% NEW JERSEY ST TPK AUTH TPK REV 1.62%
1.34% SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 1.96%
1.29% BURKE CNTY GA DEV AUTH POLLUTN CTL REV 1.15%
1.26% CLARK CNTY NEV ARPT REV 5%
1.25% METROPOLITAN TRANSN AUTH N Y REV 1.66%
1.15% PHILADELPHIA PA AUTH FOR INDL DEV REVS 7.28%
1.13% PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV 1.97%
1.10% SOUTH CAROLINA TRANSN INFRASTRUCTURE BK REV 1.56%
1.09% NATIONAL FIN AUTH N H EXEMPT FACS REV 2%
1.04% BB&T MUN TR 5.51%
1.01% BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV 2.01%
0.99% MAIN STR NAT GAS INC GA GAS SUPPLY REV 1.86%
0.90% HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV 5.08%
0.90% UNIVERSITY N C CHAPEL HILL REV 1.46%
0.89% NEW JERSEY ST TPK AUTH TPK REV 1.91%
0.88% WILSONVILLE ALA INDL DEV BRD SOLID WASTE DISP REV 0.9%
0.86% ILLINOIS DEV FIN AUTH SOLID WASTE DISP REV 1.6%
0.79% TENNERGY CORP TENN GAS REV 5%
0.73% CHAUTAUQUA CNTY N Y CAP RESOURCE CORP EXEMPT FACS REV 1.3%
0.70% DENVER COLO CITY & CNTY ARPT REV 5%
0.69% EAGLE MTN & SAGINAW TEX INDPT SCH DIST 2%

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