Federated Municipal Ultra Short Fund

Class Inst (FMUSX)
3 / 5 Stars
2 2 5 4 4
Zacks Investment Research
4 (Sell)
Standard & Poor's
4 / 5 Stars
C+ (Hold)

U.S. News evaluated 48 Muni National Short 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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The fund has returned 0.64 percent over the past year, 1.12 percent over the past three years, 1.33 percent over the past five years, and 2.05 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 0.3%
1 Year 0.6%
3 Years (Annualized) 1.1%
5 Years (Annualized) 1.3%
10 Years (Annualized) 2.0%

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The investment seeks to provide current income exempt from federal regular income tax. The fund invests at least 65% of its assets in securities rated investment grade and may purchase securities rated below investment-grade up to 35% of its assets. Its adviser seeks to maintain a low degree of Share price fluctuation by generally limiting the fund's dollar-weighted average portfolio duration to one year or less. The fund invests in short-term securities with maturities greater than one year; medium-quality securities; and/or noninvestment-grade securities. It also may principally invest in derivative contracts and hybrid instruments.


Fees are Above Average compared to funds in the same category.
Federated Municipal Ultra Short Fund has an expense ratio of 0.35 percent.

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

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