Federated Muni and Stock Advantage A (FMUAX) a Zacks Rank #2 (Buy) was incepted in September 2003. FMUAX seeks income with tax-advantage and growth of capital. FMUAX maintains a diversified portfolio by investing in both equity securities and fixed income securities. FMUAX invest a minimum of half of its assets in securities that are expected to pay interest income exempted from taxes.
This fund, as of the last filing, allocates their fund in five major groups; Large Value, Foreign Bond, Intermediate Bond, Large Growth and Small Value. Further, as of the last filing, Altria Group (NYSE:MO), GlaxoSmithKline and Johnson & Johnson (NYSE:JNJ) were the top holdings for FMUAX.
Federated Muni and Stock Advantage A, managed by Federated, carries an expense ratio of 0.08%. Moreover, FMUAX requires a minimal initial investment of $1,500.
FMUAX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 4.02%, 3 year 3.77% and 5 year 6.36%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
FMUAX’s performance, as of the last filing, when compared to funds in its category was in the top 15% in 1 year, top 31% over the past 3 years, and in the 51% over the past 5 years.
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Zacks Investment Research