Federated Municipal High Yield Advantage Fund (A) FMOAX

Share Classes Product Type Asset Class Category
Mutual Fund Fixed Income High Yield Municipal
As of 10-31-2014

Highlights

  • 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


Facts

Symbol   FMOAX
Fund Number(s)   167
Newspaper Listing   MunHyAdA
CUSIP   313923864
Benchmark   S&P Municipal Bond Index
Performance Inception Date   08-05-1996
Fiscal Year-End   8-31

Morningstar Category & Style

disclosures »
Category High Yield Muni
Style


 
 
 
 
 
 
 
 
 
 
 
Mutual funds are subject to risks and fluctuate in value.

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 © 2014 Federated Investors, Inc.

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