Federated Municipal Ultrashort Fund (IS) FMUSX

Share Classes Product Type Asset Class Category
Mutual Fund Fixed Income Muni National Short
As of 10-31-2014

Highlights

  • Pursues current income exempt from federal regular income tax.
  • Maintains a portfolio dollar-weighted average effective duration of one year or less.
  • Provides the potential for a slightly higher return than a money market fund at a slightly higher level of risk.

Key Investment Team


Facts

Symbol   FMUSX
Fund Number(s)   253
Newspaper Listing   FedMunUlA
CUSIP   31417P858
Benchmark   50% Barclays 1-Year Municipal Bond Index/50% iMoneyNet Tax-Free National Retail Index
Performance Inception Date   10-24-2000
Fiscal Year-End   9-30

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.

The fund is not a “money market” fund. A money market mutual fund attempts to maintain a stable net asset value through compliance with relevant SEC rules. The fund is not governed by those rules, and its shares will fluctuate in value.

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.

Connect with us: LinkedIn YouTube iTunes