Federated Municipal High Yield Advantage Fund (IS) FMYIX

Share Classes Product Type Asset Class Category
Mutual Fund Fixed Income High Yield Municipal
As of 03-31-2015


  • Pursues a high level of income exempt from federal regular income tax.
  • Invests at least a majority of its assets in a portfolio of: (1) long-term, tax-exempt securities; and (2) medium-quality or non-investment-grade, tax exempt securities.
  • Offers the opportunity for higher yields than are generally available from high-quality municipal bonds.

Key Investment Team


Symbol   FMYIX
Fund Number(s)   380
Newspaper Listing   MunHyAdIS
CUSIP   313923815
Benchmark   S&P Municipal Bond Index
Performance Inception Date   04-10-1987
Fiscal Year-End   8-31

Morningstar Ratings™

disclosures »
    Funds in Category
Overall 155
3 Year 155
5 Year 149
10 Year 95
Based on risk adjusted total return. The overall rating is derived from a weighted average of the fund’s three-, five-, and ten-year average annual returns, as applicable.

Morningstar Category & Style

disclosures »
Category High Yield Muni

Mutual funds are subject to risks and fluctuate in value.

The Fund's IS class commenced operations on June 11, 2013. For the periods prior to the commencement of operations of the IS class, the IS class performance information shown is the F class performance adjusted to reflect the expenses of the Fund's IS class for each year for which the Fund's IS class expenses would have exceeded the actual expenses paid by the Fund's F class.

Bond prices are sensitive to changes in interest rates, and a rise in interest rates can cause a decline in their prices.

High-yield, lower-rated securities generally entail greater market, credit/default and liquidity risks and may be more volatile than investment-grade securities.

Interest income from the fund's investments may be subject to the federal Alternative Minimum Tax (AMT) for individuals and corporations, and state and local taxes.

Past performance is no guarantee of future results.

Investors should carefully consider the fund's investment objectives, risks, charges and expenses before investing. To obtain a summary prospectus or prospectus containing this and other information, contact us or view the prospectus provided on this website. Please carefully read the summary prospectus or prospectus before investing.

"Category" product classifications noted at the top are Federated's internal classifications.

For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary.

Federated Securities Corp., Distributor
Not FDIC Insured May Lose Value No Bank Guarantee
Copyright © 2015 Federated Investors, Inc.

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