Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
1.75% 1.673B 1.44% 68.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
9.611M 14.20% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks to provide tax-advantaged income with a secondary objective of capital appreciation. The fund invests in a diversified portfolio that is allocated between tax-exempt securities and equity securities. In seeking to provide investors with a high level of tax advantaged income, it will invest at least 50% of its total assets in tax-exempt securities; under current federal tax law, this strategy will enable interest earned on tax-exempt securities to retain its tax-exempt nature when paid to the fund's shareholders as dividends.
General
Security Type Mutual Fund
Oldest Share Symbol FMUAX
Equity Style Large Cap/Blend
Fixed Income Style Medium Quality/Moderate Sensitivity
Broad Asset Class Allocation
Broad Category Allocation
Category Name Allocation--30% to 50% Equity
Category Index Morningstar Mod Con Tgt Risk TR USD
Prospectus Objective Income
Fund Owner Firm Name Federated
Prospectus Benchmark Index
S&P Municipal Bond TR 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Richard Gallo 18.03 yrs
Linda Bakhshian 11.84 yrs
Ann Ferentino 7.76 yrs
Michael Jura 0.75 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 33
9.611M
-5.916B Category Low
1.137B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of September 30, 2021

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
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--
--
--
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% Rank in Cat (NAV)
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As of October 15, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2014
2015
2016
2017
2018
2019
2020
YTD
6.12%
-1.71%
5.44%
10.27%
-5.96%
12.44%
7.58%
8.04%
13.69%
1.38%
11.96%
21.83%
-4.38%
31.49%
18.40%
20.40%
1.58%
-6.87%
7.07%
9.19%
-7.95%
14.86%
8.39%
7.98%
3.09%
-1.55%
4.54%
9.92%
-3.82%
16.15%
11.36%
6.47%
4.78%
-1.93%
4.04%
8.74%
-3.67%
11.62%
8.25%
1.23%
7.43%
-0.47%
3.85%
8.87%
-5.53%
10.99%
9.22%
4.24%
As of October 15, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-15-21) 1.44%
30-Day SEC Yield (9-30-21) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 24.55
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
Bond
Current Yield 4.33%
Yield to Maturity --
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of June 30, 2021

Fund Details

Key Dates
Inception Date 9/26/2003
Last Annual Report Date 10/31/2020
Last Prospectus Date 12/31/2020
Share Classes
FMUAX A
FMUCX C
FMUFX Other
FMUIX Inst
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No

Asset Allocation

As of June 30, 2021.
Type % Net % Long % Short
Cash 0.00% Upgrade Upgrade
Stock 44.50% Upgrade Upgrade
Bond 55.50% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Bank of America Corp 1.51% 46.37 2.88%
Microsoft Corp 1.36% 304.21 0.48%
Apple Inc 1.22% 144.84 0.75%
DELAWARE CNTY PA INDL DEV AUTH ARPT FACS REV 0.04%
1.19% -- --
Alphabet Inc Class A 1.06% 2827.36 0.15%
Chevron Corp 1.01% 109.61 0.74%
Goldman Sachs Group Inc 1.01% 406.07 3.80%
Capital One Financial Corp 0.99% 168.38 1.43%
UnitedHealth Group Inc 0.94% 428.07 1.83%
Johnson & Johnson 0.94% 161.30 0.74%

Fees & Availability

Fees
Actual 12B-1 Fee Upgrade
Actual Management Fee Upgrade
Administration Fee Upgrade
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load Upgrade
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors No
Open to Existing Investors No
Minimum Initial Investment Upgrade
Minimum Subsequent Investment Upgrade

Basic Info

Investment Strategy
The investment seeks to provide tax-advantaged income with a secondary objective of capital appreciation. The fund invests in a diversified portfolio that is allocated between tax-exempt securities and equity securities. In seeking to provide investors with a high level of tax advantaged income, it will invest at least 50% of its total assets in tax-exempt securities; under current federal tax law, this strategy will enable interest earned on tax-exempt securities to retain its tax-exempt nature when paid to the fund's shareholders as dividends.
General
Security Type Mutual Fund
Oldest Share Symbol FMUAX
Equity Style Large Cap/Blend
Fixed Income Style Medium Quality/Moderate Sensitivity
Broad Asset Class Allocation
Broad Category Allocation
Category Name Allocation--30% to 50% Equity
Category Index Morningstar Mod Con Tgt Risk TR USD
Prospectus Objective Income
Fund Owner Firm Name Federated
Prospectus Benchmark Index
S&P Municipal Bond TR 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Richard Gallo 18.03 yrs
Linda Bakhshian 11.84 yrs
Ann Ferentino 7.76 yrs
Michael Jura 0.75 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-15-21) 1.44%
30-Day SEC Yield (9-30-21) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 24.55
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
Bond
Current Yield 4.33%
Yield to Maturity --
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of June 30, 2021

Fund Details

Key Dates
Inception Date 9/26/2003
Last Annual Report Date 10/31/2020
Last Prospectus Date 12/31/2020
Share Classes
FMUAX A
FMUCX C
FMUFX Other
FMUIX Inst
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No