MMIFX : Federated Michigan Intermediate Municipal Trust Class A Shares

MMIFX is a Bond Market Municipal Bond with HIGH fees.

MMIFX

Federated Michigan Intermediate Municipal Trust Class A Shares

FI Score

33 /100

Expense Ratio Rating

5 /10

Expense Rating

2 /10

Market Score

1 /10

Category Score

8 /10

Market Size

1 /10

33% FI Score
  • mmifx
  • Mutual Fund
  • Bond
  • Municipal Bond

Federated Michigan Intermediate Municipal Trust Class A Shares

Expenses: 0.77% (Better than 0% of similar funds)

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

Fund Summary

The investment seeks current income exempt from federal regular income tax and personal income taxes imposed by the state of Michigan and Michigan municipalities. The fund pursues its objective by investing in a portfolio of tax-exempt securities so that, normally, distributions of annual interest income are exempt from federal regular income tax and the personal income taxes imposed by the state of Michigan and Michigan municipalities. Its dollar-weighted average portfolio maturity is between three and ten years, and its average-weighted duration is between three and seven years. The fund is non-diversified.

Largest Holdings

Amount Holding
3.50% LANSING MICH BRD WTR & LT UTIL SYS REV 5%
3.41% GREAT LAKES WTR AUTH MICH SEW DISP SYS REV 5%
3.37% MICHIGAN ST STRATEGIC FD LTD OBLIG REV 5%
3.11% MICHIGAN FIN AUTH REV 5%
3.06% UNIVERSITY MICH UNIV REVS 4%
3.06% DEARBORN MICH SCH DIST 5%
2.98% MICHIGAN ST HOSP FIN AUTH REV 4%
2.87% WAYNE CNTY MICH ARPT AUTH REV 5%
2.69% LANSING MICH BRD WTR & LT UTIL SYS REV 5%
2.59% ORCHARD VIEW MICH SCHS 4%
2.36% SAGINAW MICH WTR SUPPLY SYS REV 4.75%
2.33% BISHOP INTL ARPT AUTH MICH 4.5%
2.25% MASON MICH PUB SCHS DIST 4%
2.16% MICHIGAN FIN AUTH REV 5%
2.15% KENT HOSP FIN AUTH MICH REV 5%
2.14% CALHOUN CNTY MICH REV 4%
2.13% MICHIGAN ST UNIV REVS 5%
2.09% HOLLAND MICH ELEC REV 4%
2.00% ANN ARBOR MICH 4%
1.73% SOUTHFIELD MICH LIBR BLDG AUTH 5%
1.71% KENTWOOD MICH PUB SCHS 5%
1.71% SALINE MICH AREA SCHS 5%
1.70% MICHIGAN FIN AUTH REV 5%
1.69% ROSEVILLE MICH CMNTY SCHS 5%
1.68% MICHIGAN FIN AUTH REV 5%

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