Mutual Fund Insights: Federated MI Intermediate Municipal A Fund (MMIFX)

In-depth Analysis of Federated MI Intermediate Municipal A Fund (MMIFX)

3 months 6 months 1 year 3 year 5 year

See Federated MI Intermediate Municipal A Fund (MMIFX) performance details as of January 31, 2010

  

Last Trade: $10.97 on 3/19/2010, Change: +0.01 (0.09%)

  

Fund Manager - Lee R. Cunningham II

Fund Manager Tenure: 11.9 years
Fundmojo Fund Grade: C (Score: 0.59)     (What does this score mean?)

Cunningham is vice president and portfolio manager with Federated Investors, his employer since 1995. Prior to joining the firm, he was a project engineer with Pennsylvania Light and Power Company from 1986 to 1994.  Get more insights on Lee R. Cunningham II

  

 What we like about Federated MI Intermediate Municipal A Fund (MMIFX)

Data for Federated MI Intermediate Municipal A Fund (MMIFX) as of January 31, 2010

• Federated MI Intermediate Municipal A Fund (MMIFX) management has been with Federated MI Intermediate Municipal A Fund for 11.9 years
• Federated MI Intermediate Municipal A Fund (MMIFX) has good mid-term performance (3-year return 3.89% vs 3.77% Muni Single State Interm category average)
• Federated MI Intermediate Municipal A Fund (MMIFX) has good Long-term performance (5-year return 3.31% vs 3.23% Muni Single State Interm category average)
• Federated MI Intermediate Municipal A Fund (MMIFX) ratio of up-years vs down years is greater than 2
• Federated MI Intermediate Municipal A Fund (MMIFX) has an annual stock turnover rate of 12.00% vs Muni Single State Interm average of 25.43%. It is good that Federated MI Intermediate Municipal A management does not trade extensively for its return.
• Federated MI Intermediate Municipal A Fund (MMIFX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.86, lower than category average of 5.57
• Federated MI Intermediate Municipal A Fund (MMIFX) has a lower management fee than its Muni Single State Interm average: 0.54% vs 0.92%

  

 What we are cautious about Federated MI Intermediate Municipal A Fund (MMIFX)

Data for Federated MI Intermediate Municipal A Fund (MMIFX) as of January 31, 2010

• Federated MI Intermediate Municipal A Fund (MMIFX) has a less-than-ideal short-term performance (1-year return 5.34% vs 7.50% Muni Single State Interm category average)
• Federated MI Intermediate Municipal A Fund (MMIFX) has a Morningstar rating of 3 and below
• Federated MI Intermediate Municipal A Fund (MMIFX) is less safe compared to its Muni Single State Interm peers
• Federated MI Intermediate Municipal A Fund (MMIFX) carries a 3% load

See Federated MI Intermediate Municipal A Fund (MMIFX) performance details as of January 31, 2010

  

  

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Federated MI Intermediate Municipal A Fund (MMIFX) Net Asset

Track net asset change of Federated MI Intermediate Municipal A fund (MMIFX)

Date	Net Asset
01/2010	$162.05M
11/2009	$163.36M
10/2009	$163.33M

More historic net asset information on Federated MI Intermediate Municipal A Fund (MMIFX)

  

Federated MI Intermediate Municipal A Fund (MMIFX) Portfolio Allocation

Track portfolio allocation change of Federated MI Intermediate Municipal A fund (MMIFX)

Date	Cash	Stock	Bond	Other
09/2009	6%	0%	94%	0%
06/2009	6.94%	0%	93.06%	0%
03/2009	2.73%	0%	97.27%	0%

Click here to see more historic asset allocation information on Federated MI Intermediate Municipal A Fund (MMIFX)

  

Most Recent Top 10 Holdings in Federated MI Intermediate Municipal A Fund (MMIFX)

Discover what Federated MI Intermediate Municipal A Fund (MMIFX) manager is buying

30-Sep-09 Eastern Mich Univ Revs Gen Rev B 5% [2.25%] Lakeview Mich Pub Sch Dist 5% [1.55%] Ypsilanti Mich Sch Dist 5% [1.53%] Ypsilanti Mich Sch Dist 5% [1.43%] Michigan Technological Univ Re Gen 5.25% [1.38%] Michigan St Comprehensive Tran Ref 5.25% [1.36%] Wayne St Univ Mich Univ Revs Rev Bds 5% [1.34%] Troy Mich City Sch Dist 5% [1.32%] Michigan St Go Bds 5% [1.32%] Detroit Mich Wtr Sply Sys Re Rev Bds 5% [1.28%]

30-Jun-09 Eastern Mich Univ Revs Gen Rev B 5% [2.2%] Lakeview Mich Pub Sch Dist 5% [1.54%] Ypsilanti Mich Sch Dist 5% [1.51%] Michigan Technological Univ Re Gen 5.25% [1.38%] Michigan St Comprehensive Tran Ref 5.25% [1.32%] Troy Mich City Sch Dist 5% [1.32%] Michigan St Go Bds 5% [1.31%] Wayne St Univ Mich Univ Revs Rev Bds 5% [1.3%] Mattawan Mich Cons Sch Dist 5.65% [1.3%] Jackson Mich Pub Schs G.O. Bds 5.6% [1.3%]

31-Mar-09 Saginaw Mich Hosp Fin Auth 6.5% [2.94%] LAKEVIEW MICH PUB SCH DIST MAC GO REFUND [1.56%] YPSILANTI MICH SCH DIST SCH BLDG [1.51%] Michigan Technological Univ Re Gen 5.25% [1.42%] WAYNE ST UNIV MICH UNIV REVS REV BDS [1.37%] TROY MICH CITY SCH DIST GO SCHOOL [1.34%] MICHIGAN ST GO BDS [1.34%] MATTAWAN MICH CONS SCH DIST G.O BDS [1.33%] JACKSON MICH PUB SCHS G.O. BDS [1.33%] Michigan St Hosp Fin Auth 6% [1.29%]

Click here for Stock Holding Change Map in Federated MI Intermediate Municipal A Fund (MMIFX)

  

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See more information on Federated MI Intermediate Municipal A Fund (MMIFX)

• Federated MI Intermediate Municipal A Fund Insights
• Federated MI Intermediate Municipal A Fund Performance Data
• Federated MI Intermediate Municipal A Fund News
• Federated MI Intermediate Municipal A Fund Score Explaination
• Federated MI Intermediate Municipal A Fund Manager Information
• Historic Federated MI Intermediate Municipal A Fund Asset Allocation Report
• Historic Federated MI Intermediate Municipal A Fund Top 10 Holding Tracking
• Historic Federated MI Intermediate Municipal A Fund Asset Under Management Tracking