Federated Muni and Stock Advantage C Fund (FMUCX) seeks to offer tax-advantaged income and growth of capital. FMUCX generally invests in a diversified portfolio, by allocating its assets in tax-exempt securities and equity securities. FMUCX also invests more than 50% of its assets in tax-free securities in order to provide strong tax advantaged income to the investors.
This Allocation Balanced product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 2.5% and 5 year 5%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
The Federated Muni and Stock Advantage C fund, as of the last filing, allocates their fund in top three major groups; Large Value, High Yield Bond and Foreign Bond. Further, as of the last filing, JPMorgan Chase & Co, Texas Instruments Inc and Merck & Co Inc were the top holdings for FMUCX.
This Zacks Rank #5 (Strong Sell) was incepted in August 2003 and is managed by Federated. FMUCX carries an expense ratio of 1.75% and requires a minimal initial investment of $1,500.
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