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FMUSX Federated Municipal Ultrashort Instl

  • Fund
  • FMUSX
  • Price as of: Jul 19, 2019
  • $10.02 - $0.00 - 0.00%
  • Category
  • National Munis

FMUSX - Profile

Vitals

  • YTD Return 0.4%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $2.58 B
  • Holdings in Top 10 19.2%

52 WEEK LOW AND HIGH

$10.02
$9.98
$10.02

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.48%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 87.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Short

Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.39%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Federated Municipal Ultra Short Fund
  • Fund Family Name Federated
  • Inception Date Oct 24, 2000
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Jeff A. Kozemchak

Fund Description

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. It will normally invest so that at least 80% of its net assets are in tax-exempt securities or at least 80% of its annual interest income is exempt from federal regular income tax.

FMUSX - Performance

Return Ranking - Trailing

Period FMUSX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% 0.0% 5.7% 97.81%
1 Yr 0.2% -2.9% 5.5% 95.63%
3 Yr 0.1%* -3.2% 1.3% 14.14%
5 Yr 0.0%* -1.8% 2.2% 64.32%
10 Yr 0.0%* -8.7% 2.3% 90.27%

* Annualized


Return Ranking - Calendar

Period FMUSX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.1% -4.8% 0.8% 11.58%
2017 0.1% -0.9% 5.6% 91.72%
2016 -0.1% -6.1% 7.3% 1.23%
2015 -0.5% -10.9% 2.6% 69.88%
2014 0.1% -60.4% 12.0% 89.43%

Total Return Ranking - Trailing

Period FMUSX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% 0.0% 6.0% 97.81%
1 Yr 0.2% -2.8% 6.9% 95.83%
3 Yr 0.1%* -3.2% 3.2% 21.31%
5 Yr 0.0%* -1.8% 3.7% 72.41%
10 Yr 0.0%* -8.7% 4.8% 92.10%

* Annualized


Total Return Ranking - Calendar

Period FMUSX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.1% -4.8% 1.7% 17.56%
2017 0.1% -0.9% 6.2% 93.33%
2016 -0.1% -6.1% 7.3% 5.12%
2015 -0.5% -9.6% 3.9% 74.80%
2014 0.1% -60.4% 12.0% 91.97%

NAV & Total Return History

FMUSX - Holdings

Concentration Analysis

FMUSX Category Low Category High FMUSX % Rank
Net Assets 2.58 B 762 K 68.3 B 28.83%
Number of Holdings 245 3 8426 63.15%
Net Assets in Top 10 501 M -4.59 M 2.02 B 10.36%
Weighting of Top 10 19.23% 2.5% 100.0% 21.31%

Top 10 Holdings

  1. WHITING IND ENVIRONMENTAL FACS REV 2.25% 2.69%

  2. PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 1.83% 2.66%

  3. NUVEEN CALIF AMT FREE MUNICIPAL INCOME FD 1.8% 2.41%

  4. CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 2.4% 1.93%

  5. PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV 2.4% 1.92%

  6. PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 1.75% 1.67%

  7. PITTSBURGH PA WTR & SWR AUTH WTR & SWR SYS REV 2.39% 1.54%

  8. LANCASTER PORT AUTH OHIO GAS REV 2.39% 1.54%

  9. RIB FLOATER TR VARIOUS STS 2% 1.46%

  10. PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 1.64% 1.42%


Asset Allocation

Weighting Return Low Return High FMUSX % Rank
Bonds
97.88% 17.56% 101.83% 59.36%
Cash
2.12% -1.83% 82.44% 41.83%
Stocks
0.00% 0.00% 0.39% 39.24%
Preferred Stocks
0.00% 0.00% 8.94% 38.65%
Other
0.00% -2.64% 30.00% 40.04%
Convertible Bonds
0.00% 0.00% 2.66% 38.84%

Bond Sector Breakdown

Weighting Return Low Return High FMUSX % Rank
Municipal
96.54% 0.00% 104.99% 65.74%
Cash & Equivalents
3.46% -8.39% 82.44% 31.47%
Derivative
0.00% 0.00% 0.08% 39.64%
Securitized
0.00% 0.00% 23.62% 40.04%
Corporate
0.00% 0.00% 39.71% 49.40%
Government
0.00% -6.32% 93.35% 39.44%

Bond Geographic Breakdown

Weighting Return Low Return High FMUSX % Rank
US
97.88% 17.56% 101.37% 47.21%
Non US
0.00% 0.00% 23.82% 78.29%

FMUSX - Expenses

Operational Fees

FMUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.48% 0.09% 4.80% 85.69%
Management Fee 0.30% 0.00% 0.65% 17.10%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.34% 52.10%

Sales Fees

FMUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 5.50% N/A

Trading Fees

FMUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FMUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 87.00% 0.00% 739.25% 92.05%

FMUSX - Distributions

Dividend Yield Analysis

FMUSX Category Low Category High FMUSX % Rank
Dividend Yield 1.21% 0.00% 2.53% 14.51%

Dividend Distribution Analysis

FMUSX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History