Federated Municipal High Yield Adv Instl

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.

Key stats

Management firm  Federated
Domicile  United States
Fund Administrator  Federated Administrative Services Inc
Global Branding Name  Federated
12 month yield  4.87%
Fund currency  USD
Launch Date  2013-06-11
ISIN  US3139238154
SEDOL  BBNBKX9
Manager 1 Name  Lee Cunningham II
Manager 2 Name  RJ Gallo
Fund Strategy  High Yield Muni
Benchmark  S&P Municipal Yield TR USD
Fund Structure  Open Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-08-31
Return - 1 Month  1.67%
Return - 2 Months  1.96 %
Return - 3 Months  2.12%
Return - 6 Months  6.59 %
Return - 9 months  11.69 %
Return - 12 Months  14.71%
Annualized return 24 months  0.00 %
Annualized return 36 months  0.00 %
Annualized return 48 months  0.00 %
Annualized return 60 months  0.00 %
Return 120 months  0.00 %
Annualized return since Inception  5.16%
Return YTD  11.74%

Ratings

Morning Star Rating Date   2014-08-31
Morning Star Rating - 36 Months  fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating
Morning Star Rating - 60 Months  fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating
Morning Star Rating - 120 Months  fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating
Morning Star Rating - Overall  fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating

Charges

Initial  0.00 %
Minimum Investment  $1,000,000
Maximum Managment Charge  0.60 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  Federated Investors Funds
Contact Address 2  4000 Ericsson Drive
Contact Address 3  Warrendale, PA 15086-7561
Contact city  Warrendale
Contact country  United States
Fund Admin Group  Federated
Custodian  The Bank of New York Mellon
Phone  1-800-341-7400

Price

Last Price Date  2014-09-19
Pre-tax nav  8.82
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $0.01
Price change (percentage)  0.11 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

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Ratings Disclaimer

© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
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