Federated Short-Intermediate Duration Municipal Trust (IS) FSHIX

Share Classes Product Type Asset Class Category
Mutual Fund Fixed Income Muni National Short
As of 07-31-2014

Highlights

  • Pursues dividend income exempt from federal regular income tax and the alternative minimum tax.
  • Invests primarily in short-intermediate tax-exempt municipal bonds and maintains a dollar-weighted average portfolio duration of less than five years.

Key Investment Team


Facts

Symbol   FSHIX
Fund Number(s)   24
Newspaper Listing   ShtMunI
CUSIP   313907107
Benchmark   S&P Municipal Bond Short Intermediate Index
Performance Inception Date   08-20-1981
Fiscal Year-End   6-30

Morningstar Ratings™

disclosures »
    Funds in Category
Overall 163
3 Year 163
5 Year 129
10 Year 103
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 Muni National Short
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.

As of October 31, 2007, the fund gained the ability to invest at least a majority of its assets in securities rated investment-grade (or unrated securities of comparable quality), and may purchase securities rated below investment-grade (or unrated securities of comparable quality), which are also known as junk bonds, up to 49% of its assets. The fund does not have a specific minimum quality rating.
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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