Federated Municipal High Yield Advantage Fund

Scorecard
4 / 5 Stars
Lipper
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Zacks Investment Research
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Standard & Poor's
2 / 5 Stars
TheStreet.com
B+ (Buy)

U.S. News evaluated 42 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned -0.68 percent over the past year, 8.26 percent over the past three years, 9.67 percent over the past five years, and 4.06 percent over the past decade.

Trailing Returns Updated 03.31.2014
Year to date 5.7%
1 Year -0.7%
3 Years (Annualized) 8.3%
5 Years (Annualized) 9.7%
10 Years (Annualized) 4.1%

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Summary

The investment seeks to provide a high level of current income which is generally exempt from the federal regular income tax. The fund pursues its objective by investing its assets so that, normally (except as discussed herein), distributions of annual interest income are exempt from federal regular income tax (except when investing for "defensive" purposes). It invests at least a majority of the fund's assets in a portfolio of: (1) long-term, tax-exempt securities; and (2) medium-quality or noninvestment-grade, tax-exempt securities. The fund is non-diversified.

Fees

Fees are Above Average compared to funds in the same category.
Federated Municipal High Yield Advantage Fund has an expense ratio of 0.64 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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