Mutual Fund Insights: Federated PA Municipal Income B Fund (FPABX)

In-depth Analysis of Federated PA Municipal Income B Fund (FPABX)

3 months 6 months 1 year 3 year 5 year

See Federated PA Municipal Income B Fund (FPABX) performance details as of February 28, 2010

  

Last Trade: $10.65 on 3/19/2010, Change: +0.01 (0.09%)

  

Fund Manager - J. Scott Albrecht

Fund Manager Tenure: 15.1 years
Fundmojo Fund Grade: E (Score: 0.38)     (What does this score mean?)

J. Scott Albrecht is a vice president with Federated Investors, his employer since 1989. J. Scott Albrecht became a senior vice president of the fund’s adviser in January 2005 and served as a vice president of the fund’s adviser from 1994 through 2004. J. Scott Albrecht has been a senior portfolio manager since 1997 and was a Portfolio Manager from 1994 to 1996. J. Scott Albrecht holds the Chartered Financial Analyst designation.  Get more insights on J. Scott Albrecht

  

 What we like about Federated PA Municipal Income B Fund (FPABX)

Data for Federated PA Municipal Income B Fund (FPABX) as of February 28, 2010

• Federated PA Municipal Income B Fund (FPABX) management has been with Federated PA Municipal Income B Fund for 15.1 years
• Federated PA Municipal Income B Fund (FPABX) ratio of up-years vs down years is greater than 2
• Federated PA Municipal Income B Fund (FPABX) has an annual stock turnover rate of 13.00% vs Muni Pennsylvania average of 19.70%. It is good that Federated PA Municipal Income B management does not trade extensively for its return.
• Federated PA Municipal Income B Fund (FPABX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.55, lower than category average of 6.98

  

 What we are cautious about Federated PA Municipal Income B Fund (FPABX)

Data for Federated PA Municipal Income B Fund (FPABX) as of February 28, 2010

• Federated PA Municipal Income B Fund (FPABX) has a less-than-ideal short-term performance (1-year return 10.84% vs 12.02 % Muni Pennsylvania category average)
• Federated PA Municipal Income B Fund (FPABX) has a less-than-ideal mid-term performance (3-year return 0.35% vs 2.82 % Muni Pennsylvania category average)
• Federated PA Municipal Income B Fund (FPABX) has a less-than-ideal Long-term performance (5-year return 1.60% vs 3.31 % Muni Pennsylvania category average)
• Federated PA Municipal Income B Fund (FPABX) has a Morningstar rating of 3 and below
• Federated PA Municipal Income B Fund (FPABX) is less safe compared to its Muni Pennsylvania peers
• Federated PA Municipal Income B Fund (FPABX) does not have a good risk adjusted return as its 3-year Alpha of -4.12 is worse than category average of -1.77, and its 3-year Sharpe ratio is -0.19
• Federated PA Municipal Income B Fund (FPABX) has a higher management fee of 1.52% than its Muni Pennsylvania average of 1.08%
• Federated PA Municipal Income B Fund (FPABX) carries a 5.5% load

See Federated PA Municipal Income B Fund (FPABX) performance details as of February 28, 2010

  

  

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Federated PA Municipal Income B Fund (FPABX) Net Asset

Track net asset change of Federated PA Municipal Income B fund (FPABX)

Date	Net Asset
02/2010	$300.04M
01/2010	$18.65M
11/2009	$19.99M

More historic net asset information on Federated PA Municipal Income B Fund (FPABX)

  

Federated PA Municipal Income B Fund (FPABX) Portfolio Allocation

Track portfolio allocation change of Federated PA Municipal Income B fund (FPABX)

Date	Cash	Stock	Bond	Other
09/2009	0.8%	0%	99.2%	0%
06/2009	0.48%	0%	99.52%	0%
03/2009	0.76%	0%	99.24%	0%

Click here to see more historic asset allocation information on Federated PA Municipal Income B Fund (FPABX)

  

Most Recent Top 10 Holdings in Federated PA Municipal Income B Fund (FPABX)

Discover what Federated PA Municipal Income B Fund (FPABX) manager is buying

30-Sep-09 Delaware Valley Pa Regl Fin Au Loc 5.6% [3.8%] Scranton Pa Swr Auth 5% [2.53%] Pennsylvania St Go Bds 5% [2.28%] Coatesville Pa Area Sch Dist 5% [2.19%] Pennsylvania St Tpk Commn Tpk Tpk Rev 5% [2.03%] Pennsylvania St Go Bds 5% [1.92%] Philadelphia Pa Gas Wks Rev Rev Bds 5% [1.53%] Allegheny Cnty Pa Arpt Auth 6.125% [1.41%] Allegheny Cnty Pa Hosp Dev Aut Rev Bd 5% [1.28%] Philadelphia Pa Go Bds 7.125% [1.18%]

30-Jun-09 Delaware Valley Pa Regl Fin Au Loc 5.6% [3.75%] Scranton Pa Swr Auth 5% [2.47%] Pennsylvania St Go Bds 5% [2.25%] Coatesville Pa Area Sch Dist 5% [2.15%] Pennsylvania St Tpk Commn Tpk Tpk Rev 5% [1.98%] Allegheny Cnty Pa Arpt Auth 6.125% [1.46%] Erie Cnty Pa Hosp Auth 5.9% [1.41%] Philadelphia Pa Gas Wks Rev Rev Bds 5% [1.38%] Allegheny Cnty Pa Hosp Dev Aut Rev Bd 5% [1.21%] Philadelphia Pa Go Bds 7.125% [1.12%]

31-Mar-09 Delaware Valley Pa Regl Fin Au Loc 5.6% [3.79%] Scranton Pa Swr Auth 5% [2.46%] Pennsylvania St Go Bds 5% [2.26%] Coatesville Pa Area Sch Dist 5% [2.15%] Pennsylvania St Tpk Commn Tpk Tpk Rev 5% [1.97%] Allegheny Cnty Pa Arpt Auth 6.125% [1.47%] Philadelphia Pa Hosps & Higher Rev Bds [1.44%] Erie Cnty Pa Hosp Auth 5.9% [1.43%] Philadelphia Pa Gas Wks Rev Rev Bds 5% [1.4%] Allegheny Cnty Pa Hosp Dev Aut Rev Bd 5% [1.24%]

Click here for Stock Holding Change Map in Federated PA Municipal Income B Fund (FPABX)

  

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See more information on Federated PA Municipal Income B Fund (FPABX)

• Federated PA Municipal Income B Fund Insights
• Federated PA Municipal Income B Fund Performance Data
• Federated PA Municipal Income B Fund News
• Federated PA Municipal Income B Fund Score Explaination
• Federated PA Municipal Income B Fund Manager Information
• Historic Federated PA Municipal Income B Fund Asset Allocation Report
• Historic Federated PA Municipal Income B Fund Top 10 Holding Tracking
• Historic Federated PA Municipal Income B Fund Asset Under Management Tracking