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Federated MI Intermediate Municipal A (MMIFX)

11.39 Up 0.02(0.18%) Aug 28
Prev Close:11.37
YTD Return*:4.47%
Net Assets*:121.36M
Yield*:2.92%

* As of 31-Jul-14

Quotes delayed, except where indicated otherwise. Currency in USD.

Headlines

  • No Headlines available for MMIFX at this time.

Top Holdings

Symbol% AssetsYTD Return %
Michigan Higher Ed Facs Auth3.06N/A
Michigan St Trunk Line Ref Bds 5%2.47N/A
Michigan St Grant Ant 5.25%2.30N/A
Kalamazoo Mich Hosp Fin Auth 5%2.00N/A
Holland Mich Sch Dist 5%1.92N/A

Fund Basics

Morningstar Overall Rating:
Total Assets:121.36M
Category:Muni Single State Interm
Annual Report Expense Ratio (net):0.63%

Performance & Risk

YTD Return:4.47%
5y Avg Return:4.46%
Rank in Category (ytd):41
% Rank in Category (ytd):18.3%
Beta (3y):0.85
Morningstar Risk Rating:3

Fund Summary

The investment seeks current income exempt from federal regular income tax and the personal income taxes imposed by the state of Michigan and Michigan municipalities. The fund pursues its objective by investing at least a majority of its assets in a portfolio of tax-exempt securities so that, normally, distributions of annual interest income are exempt from federal regular income tax and the personal income taxes imposed by the state of Michigan and Michigan municipalities. Its dollar-weighted average portfolio maturity is between three and ten years, and its average-weighted duration is between three and seven years. The fund is non-diversified. View More
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