The investment seeks to provide current income exempt from federal regular income tax and the regular personal income tax imposed by the state of Minnesota consistent with stability of principal. The fund invests primarily in a portfolio of short-term, high-quality Minnesota tax-exempt securities. It invests its assets so that, normally, distributions of annual interest income are exempt from federal regular income tax and Minnesota regular personal income tax. The fund normally invests its assets so that at least 80% of the income that it distributes is exempt from federal regular income tax and Minnesota regular personal income tax.
Fund filings (PDF) »

Asset manager:
Management Team (Started: Feb 28, 2007)

Advisor Company:
Federated Investment Management Company
Fund family reports on Morningstar »

	1 year	3 years	5 years	10 years
Alpha*	-	-	-	-
Beta*	-	-	-	-
Mean annual return	0.00	0.00	0.03	0.11
R-squared*	-	-	-	-
Standard deviation	0.00	0.00	0.23	0.38
Sharpe ratio	-13.57	-6.00	0.80	-1.59
* Against standard index

Risk measurement details »

Security	Net Assets
Rochester, Mn Health Care Facility Authority, (Series 2000b), .17% Cp (Mayo	5.70%
Deutsche Bk Spears/Lifers Tr V Ctfs	5.33%
East Grand Forks Minn Solid Wa Var Ref R	5.28%
Minnesota St Hsg Fin Agy Residenti	4.96%
Minneapolis Minn Hsg Dev Rev Hsg Dev R	4.75%
Rochester Minn Health Care Fac Var Rate	4.17%
Minnesota St Higher Ed Facs Au Rev Bds	3.69%
Avon Minn Indl Dev Rev Var-Vespe	3.55%
Melrose Minn Rev Var Rev B	3.41%
Hennepin Cnty Minn Hsg & Redev Adj Rate	3.32%

Holdings Performance »