United States
Securities and Exchange Commission
Washington, D.C. 20549
Form N-Q
Quarterly Schedule of Portfolio Holdings of Registered Management Investment Companies
811-2677
(Investment Company Act File Number)
Federated Municipal Bond Fund, Inc.
___________________________________________
(Exact Name of Registrant as Specified in Charter)
Federated Investors Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
(Address of Principal Executive Offices)
(412) 288-1900
(Registrant's Telephone Number)
Peter J. Germain, Esquire
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3779
(Name and Address of Agent for Service)
(Notices should be sent to the Agent for Service)
Date of Fiscal Year End: 03/31/2019
Date of Reporting Period: Quarter ended 06/30/2018
Item 1. | Schedule of Investments |
Principal Amount or Shares | Value | ||
MUNICIPAL BONDS—97.4% | |||
Alabama—1.0% | |||
$2,000,000 | Birmingham, AL Waterworks Board, Subordinate Revenue Refunding Bonds (Series 2016-B), 4.00%, 1/1/2043 | $2,066,980 | |
1,250,000 | Selma, AL IDB (International Paper Co.), Gulf Opportunity Zone Bonds (Series 2010A), 5.80%, 5/1/2034 | 1,336,425 | |
TOTAL | 3,403,405 | ||
Arizona—2.8% | |||
3,000,000 | Arizona Board of Regents (Arizona State University), (Series 2016B), 5.00%, 7/1/2047 | 3,430,560 | |
3,000,000 | Arizona Board of Regents (Arizona State University), System Revenue & Refunding Bonds (Series 2015A Green Bonds), 5.00%, 7/1/2041 | 3,382,080 | |
1,000,000 | Arizona Board of Regents (Arizona State University), System Revenue Bonds (Series 2008C), 6.00% (United States Treasury PRF 7/1/2018@100)/(Original Issue Yield: 6.12%), 7/1/2028 | 1,000,000 | |
1,740,000 | Phoenix, AZ IDA (Great Heart Academies), Education Facility Revenue Bonds (Series 2014A), 5.00%, 7/1/2044 | 1,830,028 | |
TOTAL | 9,642,668 | ||
California—9.9% | |||
1,000,000 | Bay Area Toll Authority, CA, San Francisco Bay Area Toll Bridge Revenue Bonds (Series 2009F-1), 5.625% (United States Treasury PRF 4/1/2019@100), 4/1/2044 | 1,031,460 | |
1,500,000 | 1 | Bay Area Toll Authority, CA, San Francisco Bay Area Toll Bridge Revenue Bonds (SIFMA Index Rate Bonds Series 2001A) FRNs, 2.76% (SIFMA 7-day +1.250%), Mandatory Tender 4/1/2027 | 1,578,705 |
2,000,000 | California Health Facilities Financing Authority (Providence St. Joseph Health), Revenue Bonds (Series 2014B), 5.00%, 10/1/2044 | 2,229,760 | |
1,000,000 | California Health Facilities Financing Authority (Stanford Health Care), Revenue Bonds (Series 2015A), 5.00%, 8/15/2054 | 1,114,390 | |
2,000,000 | California State University (The Trustees of), Systemwide Revenue Bonds (Series 2011A), 5.00%, 11/1/2037 | 2,178,680 | |
2,000,000 | California State, Various Purpose GO Bonds, 6.00%, 11/1/2039 | 2,114,280 | |
2,000,000 | California State, Various Purpose UT GO Bonds, 5.75% (Original Issue Yield: 5.85%), 4/1/2029 | 2,062,640 | |
460,000 | California State, Various Purpose UT GO Bonds, 6.50%, 4/1/2033 | 476,882 | |
540,000 | California State, Various Purpose UT GO Bonds, 6.50% (United States Treasury PRF 4/1/2019@100), 4/1/2033 | 560,682 | |
1,330,000 | Golden State Tobacco Securitization Corp., CA, Tobacco Settlement Asset-Backed Bonds (Series 2018A-1), 5.25%, 6/1/2047 | 1,383,732 | |
2,000,000 | Los Angeles Department of Water & Power (Los Angeles, CA Department of Water & Power (Water Works/System)), Water System Revenue Bonds (Series 2013B), 5.00%, 7/1/2033 | 2,263,500 | |
1,000,000 | Los Angeles, CA Department of Airports (Los Angeles International Airport), Subordinate Revenue Bonds (Series 2018A), 5.00%, 5/15/2044 | 1,143,950 | |
1,000,000 | M-S-R Energy Authority, CA, Gas Revenue Bonds (Series 2009A), 7.00% (Citigroup, Inc. GTD), 11/1/2034 | 1,421,570 | |
1,000,000 | Metropolitan Water District of Southern California, Water Revenue Refunding Bonds (Series 2009C), 5.00%, 7/1/2031 | 1,034,010 | |
3,000,000 | Roseville, CA Natural Gas Financing Authority, Gas Revenue Bonds, 5.00% (Bank of America Corp. GTD), 2/15/2025 | 3,382,500 | |
1,500,000 | Sacramento County, CA Airport System, Airport System Senior Revenue Bonds (Series 2009B), 5.50% (Assured Guaranty Corp. INS)/(Original Issue Yield: 5.60%), 7/1/2018 | 1,500,000 | |
308,000 | San Bernardino County, CA Housing Authority (Glen Aire Park & Pacific Palms), Subordinated Revenue Bonds, 7.25%, 4/15/2042 | 208,636 | |
2,000,000 | San Diego, CA USDT, UT GO Bonds (Election 2012 Series-I), 5.00%, 7/1/2047 | 2,328,700 | |
2,000,000 | San Francisco, CA City & County Airport Commission, Second Series Revenue Bonds (Series 2014B), 5.00%, 5/1/2044 | 2,223,640 | |
2,000,000 | San Francisco, CA Public Utilities Commission (Water Enterprise), Water Revenue Bonds (Series 2017 Sub-Series D), 5.00%, 11/1/2034 | 2,371,560 | |
1,000,000 | University of California (The Regents of), General Revenue Bonds (Series 2009O), 5.75% (United States Treasury PRF 5/15/2019@100), 5/15/2034 | 1,037,940 | |
TOTAL | 33,647,217 | ||
Colorado—3.3% | |||
1,445,000 | Denver (City & County), CO (Denver, CO City & County Airport Authority), Revenue Bonds (Series 2012B), 5.00%, 11/15/2037 | 1,591,003 | |
1,000,000 | Denver, CO City & County Airport Authority (United Airlines, Inc.), Special Facilities Airport Revenue Refunding Bonds (Series 2017), 5.00%, 10/1/2032 | 1,075,220 | |
2,000,000 | Denver, CO Convention Center Hotel Authority, Senior Revenue Refunding Bonds (Series 2016), 5.00%, 12/1/2027 | 2,276,220 | |
3,250,000 | University of Colorado Hospital Authority, Revenue Bonds (Series 2012A), 5.00%, 11/15/2036 | 3,586,862 |
Principal Amount or Shares | Value | ||
MUNICIPAL BONDS—continued | |||
Colorado—continued | |||
$2,500,000 | University of Colorado, University Enterprise Revenue Bonds (Series 2011A), 5.25% (United States Treasury PRF 6/1/2021@100), 6/1/2036 | $$2,741,275 | |
TOTAL | 11,270,580 | ||
Connecticut—1.6% | |||
3,000,000 | Connecticut State HEFA (Trinity Healthcare Credit Group), Revenue Bonds (Series 2016CT), 5.00%, 12/1/2045 | 3,363,570 | |
2,000,000 | Connecticut State Transportation Infrastructure Authority, Special Tax Obligation Revenue Bonds (Series 2013A), 5.00%, 10/1/2026 | 2,209,040 | |
TOTAL | 5,572,610 | ||
Delaware—0.7% | |||
2,380,000 | Delaware EDA (Delmarva Power and Light Co.), Gas Facilities Refunding Bonds, 5.40%, 2/1/2031 | 2,525,323 | |
District of Columbia—2.7% | |||
2,500,000 | District of Columbia (KIPP DC), Refunding Revenue Bonds (Series 2017A), 5.00%, 7/1/2048 | 2,749,800 | |
1,800,000 | District of Columbia Revenue (Friendship Public Charter School, Inc.), Revenue Bonds (Series 2016A), 5.00%, 6/1/2041 | 1,951,452 | |
1,000,000 | District of Columbia Revenue (Georgetown University), University Refunding Revenue Bonds (Series 2017), 5.00%, 4/1/2036 | 1,139,580 | |
3,000,000 | District of Columbia Water & Sewer Authority, Public Utility Subordinate Lien Revenue Refunding Bonds (Series 2016A), 5.00%, 10/1/2039 | 3,420,660 | |
TOTAL | 9,261,492 | ||
Florida—11.0% | |||
2,000,000 | Atlantic Beach, FL Health Care Facilities (Fleet Landing Project, FL), Revenue & Refunding Bonds (Series 2013A), 5.00%, 11/15/2037 | 2,130,420 | |
1,500,000 | Broward County, FL Airport System, Airport System Revenue Bonds (Series 2012Q-1), 5.00%, 10/1/2037 | 1,644,360 | |
1,000,000 | Central Florida Expressway Authority, Senior Lien Revenue Refunding Bonds (Series 2017), 5.00%, 7/1/2038 | 1,149,840 | |
1,000,000 | Florida State Mid-Bay Authority, First Senior Lien Revenue Bonds (Series 2015A), 5.00%, 10/1/2035 | 1,104,630 | |
2,000,000 | Greater Orlando, FL Aviation Authority, Subordinate Airport Facilities Revenue Bonds (Series 2017A), 5.00%, 10/1/2036 | 2,267,200 | |
2,000,000 | Lee County, FL IDA (Cypress Cove at Healthpark), Healthcare Facilities Revenue Bonds (Series 2014), 5.50%, 10/1/2047 | 2,149,720 | |
3,500,000 | Miami Beach, FL Resort Tax, Revenue Bonds (Series 2015), 5.00%, 9/1/2040 | 3,902,570 | |
1,000,000 | Miami-Dade County, FL (Miami-Dade County, FL Seaport), Seaport Revenue Bonds (Series 2013A), 5.75%, 10/1/2030 | 1,140,820 | |
1,000,000 | Miami-Dade County, FL (Miami-Dade County, FL Seaport), Seaport Revenue Bonds (Series 2013A), 5.75%, 10/1/2032 | 1,138,200 | |
2,000,000 | Miami-Dade County, FL Aviation, Aviation Revenue Refunding Bonds (Series 2015A), 5.00%, 10/1/2038 | 2,194,420 | |
1,250,000 | Miami-Dade County, FL Expressway Authority, Toll System Revenue Bonds (Series 2010), 5.00% (Original Issue Yield: 5.10%), 7/1/2040 | 1,315,175 | |
2,000,000 | Miami-Dade County, FL Expressway Authority, Toll System Revenue Refunding Bonds (Series 2016A), 5.00%, 7/1/2032 | 2,288,560 | |
1,500,000 | Miami-Dade County, FL HFA (Nicklaus Children's Hospital), Hospital Revenue Refunding Bonds (Series 2017), 5.00%, 8/1/2042 | 1,674,885 | |
1,000,000 | Miami-Dade County, FL IDA (Doral Academy), IDRBs (Series 2017), 5.00%, 1/15/2048 | 1,059,080 | |
2,875,000 | Miami-Dade County, FL Transit System, Sales Surtax Revenue Bonds (Series 2012), 5.00%, 7/1/2042 | 3,118,110 | |
4,105,000 | Orlando & Orange County Expressway Authority, FL, Revenue Bonds (Series 2010A), 5.00% (United States Treasury PRF 7/1/2020@100), 7/1/2035 | 4,362,876 | |
895,000 | Orlando & Orange County Expressway Authority, FL, Revenue Bonds (Series 2010A), 5.00% (United States Treasury PRF 7/1/2020@100), 7/1/2035 | 951,224 | |
2,000,000 | St. Johns County, FL IDA (Presbyterian Retirement Communities), Revenue Bonds (Series 2010A), 5.875% (United States Treasury PRF 8/1/2020@100)/(Original Issue Yield: 5.98%), 8/1/2040 | 2,165,880 | |
1,500,000 | Tallahassee, FL Energy System, Revenue Refunding Bonds (Series 2017), 5.00%, 10/1/2036 | 1,703,370 | |
TOTAL | 37,461,340 | ||
Georgia—3.9% | |||
2,190,000 | Atlanta, GA Airport General Revenue, Airport General Revenue Bonds (Series 2010A), 5.00%, 1/1/2035 | 2,288,243 | |
4,000,000 | Atlanta, GA Water & Wastewater, Revenue Refunding Bonds (Series 2015), 5.00%, 11/1/2040 | 4,500,960 | |
3,000,000 | Georgia State, GO Bonds (Series 2017A-2), 5.00%, 2/1/2033 | 3,532,650 | |
3,000,000 | 1 | Main Street Natural Gas, Inc., GA, Gas Supply Revenue Bonds (Series 2018D) FRNs (Royal Bank of Canada GTD), 2.16%, (1-month USLIBOR x 0.67 +0.83%) 12/1/2023 | 2,993,820 |
TOTAL | 13,315,673 | ||
Illinois—5.3% | |||
1,245,000 | Chicago, IL Board of Education, UT GO Dedicated Revenue Refunding Bonds (Series 2017C), 5.00%, 12/1/2034 | 1,283,607 |
Principal Amount or Shares | Value | ||
MUNICIPAL BONDS—continued | |||
Illinois—continued | |||
$310,000 | Chicago, IL O'Hare International Airport, General Airport Senior Lien Revenue Refunding Bonds (Series 2016B), 5.00%, 1/1/2041 | $341,924 | |
1,875,000 | Chicago, IL O'Hare International Airport, General Airport Third Lien Revenue Bonds (Series 2011C), 6.50% (United States Treasury PRF 1/1/2021@100), 1/1/2041 | 2,085,619 | |
2,000,000 | Chicago, IL O'Hare International Airport, Passenger Facility Charge Revenue Refunding Bonds (Series 2012A), 5.00%, 1/1/2031 | 2,150,340 | |
1,500,000 | Chicago, IL Sales Tax, Revenue Bonds (Series 2011A), 5.25% (United States Treasury PRF 1/1/2022@100), 1/1/2038 | 1,667,505 | |
750,000 | Chicago, IL Water Revenue, Second Lien Water Revenue Bonds (Series 2014), 5.00%, 11/1/2044 | 802,770 | |
3,000,000 | Illinois Finance Authority (Northwestern Memorial Healthcare), Revenue Bonds (Series 2017A), 5.00%, 7/15/2042 | 3,419,490 | |
3,000,000 | Illinois State, GO Refunding Bonds (Series February 2010), 5.00%, 1/1/2024 | 3,066,270 | |
2,000,000 | Illinois State, UT GO Bonds (Series 2017D), 5.00%, 11/1/2026 | 2,128,700 | |
1,000,000 | Illinois State, UT GO Bonds (Series June 2013), 5.25% (Original Issue Yield: 5.28%), 7/1/2028 | 1,050,540 | |
TOTAL | 17,996,765 | ||
Indiana—2.2% | |||
1,155,000 | Indiana Municipal Power Agency, Power Supply System Refunding Revenue Bonds (Series 2012A), 5.00%, 1/1/2028 | 1,265,499 | |
470,000 | Indiana Municipal Power Agency, Power Supply System Refunding Revenue Bonds (Series 2012A), 5.00% (United States Treasury PRF 7/1/2022@100), 1/1/2028 | 525,023 | |
1,300,000 | Indiana Municipal Power Agency, Power Supply System Revenue Bonds (Series 2013A), 5.25% (United States Treasury PRF 7/1/2023@100), 1/1/2030 | 1,497,197 | |
4,000,000 | Indianapolis, IN Gas Utility Distribution System, Second Lien Revenue Refunding Bonds (Series 2008C), 5.25% (Assured Guaranty Corp. INS), 6/1/2019 | 4,130,000 | |
TOTAL | 7,417,719 | ||
Kansas—0.5% | |||
1,600,000 | Wyandotte County, KS Unified Government Utility System, Improvement & Refunding Revenue Bonds (Series 2014-A), 5.00%, 9/1/2022 | 1,779,856 | |
Louisiana—0.7% | |||
2,305,000 | Louisiana Local Government Environmental Facilities CDA (Westlake Chemical Corp.), Revenue Refunding Bonds (Series 2017), 3.50%, 11/1/2032 | 2,270,886 | |
Maryland—0.3% | |||
1,000,000 | Rockville, MD Mayor & City Council Economic Development Revenue (King Farm Presbyterian Retirement Community, Inc.), (Series 2017B), 5.00%, 11/1/2042 | 1,084,600 | |
Massachusetts—4.1% | |||
3,330,000 | Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds (Series 2010B), 5.00%, 1/1/2032 | 3,473,356 | |
3,000,000 | Massachusetts Port Authority, Revenue Bonds (Series 2015A), 5.00%, 7/1/2045 | 3,384,090 | |
1,000,000 | Massachusetts School Building Authority, Senior Dedicated Sales Tax Bonds (Series 2011B), 5.25%, 10/15/2035 | 1,093,410 | |
3,000,000 | Massachusetts School Building Authority, Subordinated Dedicated Sales Tax Revenue Bonds (Series 2018A), 5.25%, 2/15/2048 | 3,551,910 | |
2,000,000 | Massachusetts Water Resources Authority, General Revenue Refunding Bonds (Series 2017C), 5.00%, 8/1/2032 | 2,361,040 | |
TOTAL | 13,863,806 | ||
Michigan—2.1% | |||
1,000,000 | Michigan Finance Authority Local Government Loan Program (Great Lakes, MI Water Authority), Revenue Refunding Local Project Notes (Series 2015D-1), 5.00%, 7/1/2034 | 1,105,410 | |
1,000,000 | Michigan State Finance Authority Revenue (Great Lakes, MI Sewage Disposal System), Senior Lien Revenue Bonds (Series 2014 C-3), 5.00% (AGM Corp. INS), 7/1/2033 | 1,113,040 | |
1,500,000 | Michigan Tobacco Settlement Finance Authority, Tobacco Settlement Asset-Backed Bonds (Series 2007A), 6.00%, (Original Issue Yield: 6.25%) 6/1/2048 | 1,507,710 | |
1,000,000 | Royal Oak, MI Hospital Finance Authority (Beaumont Health Credit Group), Refunding Revenue Bonds (Series 2014D), 5.00%, 9/1/2039 | 1,095,200 | |
2,000,000 | Wayne County, MI Airport Authority, Revenue Bonds (Series 2012A), 5.00%, 12/1/2037 | 2,186,560 | |
TOTAL | 7,007,920 | ||
Minnesota—0.3% | |||
1,000,000 | University of Minnesota (The Regents of), GO Bonds (Series 2011A), 5.25% (United States Treasury PRF 12/1/2020@100), 12/1/2030 | 1,082,510 | |
Mississippi—0.3% | |||
940,000 | Warren County, MS Gulf Opportunity Zone (International Paper Co.), Gulf Opportunity Zone Bonds (Series 2011A), 5.375%, 12/1/2035 | 1,037,215 |
Principal Amount or Shares | Value | ||
MUNICIPAL BONDS—continued | |||
Nebraska—1.7% | |||
$2,000,000 | Central Plains Energy Project, NE, Gas Project Revenue Bonds (Project No. 3) (Series 2012), 5.00% (Goldman Sachs Group Inc. GTD)/(Original Issue Yield: 5.05%), 9/1/2042 | $2,188,080 | |
1,000,000 | Central Plains Energy Project, NE, Gas Project Revenue Bonds (Project No. 3) (Series 2017C), 5.00% (Goldman Sachs Group, Inc. GTD), 9/1/2042 | 1,201,020 | |
2,300,000 | Nebraska Public Power District, General Revenue Bonds (Series 2012A), 5.00%, 1/1/2027 | 2,512,221 | |
TOTAL | 5,901,321 | ||
Nevada—0.1% | |||
305,000 | 2 | Director of the State of Nevada Department of Business and Industry (Doral Academy of Nevada), Charter School Revenue Bonds (Series 2017A), 5.00%, 7/15/2047 | 310,417 |
New Jersey—4.4% | |||
2,880,000 | New Jersey EDA (New Jersey State), School Facilities Construction Bonds (Series 2015 WW), 5.25%, 6/15/2040 | 3,094,675 | |
665,000 | New Jersey EDA (Port Newark Container Terminal LLC), Special Facilities Revenue and Refunding Bonds (Series 2017), 5.00%, 10/1/2047 | 716,996 | |
1,250,000 | New Jersey Health Care Facilities Financing Authority (RWJ Barnabas Health Obligated Group), Revenue Bonds (Series 2014A), 5.00%, 7/1/2043 | 1,376,863 | |
3,000,000 | New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation System Bonds (Series 2011A), 5.50%, 6/15/2041 | 3,133,320 | |
1,000,000 | New Jersey Turnpike Authority, Turnpike Revenue Bonds (Series 2012A), 5.00% (United States Treasury PRF 1/1/2022@100), 1/1/2035 | 1,105,040 | |
2,000,000 | New Jersey Turnpike Authority, Turnpike Revenue Bonds (Series 2015E), 5.00%, 1/1/2034 | 2,236,940 | |
1,000,000 | New Jersey Turnpike Authority, Turnpike Revenue Bonds (Series 2017A), 5.00%, 1/1/2029 | 1,163,650 | |
2,000,000 | Rutgers, The State University of New Jersey, GO Refunding Bonds (Series 2013J), 5.00%, 5/1/2030 | 2,227,920 | |
TOTAL | 15,055,404 | ||
New Mexico—1.3% | |||
2,000,000 | Albuquerque Bernalillo County, NM Water Utility Authority, Joint Water & Sewer System Improvement Revenue Bonds (Series 2009A-1), 5.25% (United States Treasury PRF 7/1/2019@100)/(Original Issue Yield: 5.34%), 7/1/2034 | 2,073,140 | |
2,175,000 | New Mexico State Hospital Equipment Loan Council (Presbyterian Healthcare Services), Hospital System Revenue Bonds (Series 2017A), 5.00%, 8/1/2046 | 2,447,375 | |
TOTAL | 4,520,515 | ||
New York—9.4% | |||
1,020,000 | Brooklyn Arena Local Development Corporation, NY, PILOT Revenue Bonds (Series 2009), 6.375% (United States Treasury PRF 1/15/2020@100)/(Original Issue Yield: 6.476%), 7/15/2043 | 1,094,123 | |
1,500,000 | Brooklyn Arena Local Development Corporation, NY, PILOT Revenue Refunding Bonds (Series 2016A), 5.00%, 7/15/2042 | 1,643,865 | |
1,000,000 | Hudson Yards Infrastructure Corp. NY, Second Indenture Revenue Bonds (Series 2017A), 5.00%, 2/15/2045 | 1,137,810 | |
2,000,000 | Long Island Power Authority, NY, Electric System General Revenue Bonds (Series 2014A), 5.00%, 9/1/2044 | 2,216,280 | |
3,000,000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Revenue Bonds (Series 2015A), 5.00%, 11/15/2045 | 3,314,850 | |
500,000 | New York City Liberty Development Corp. (Goldman Sachs Group, Inc.), Revenue Bonds (Series 2005), 5.25%, 10/1/2035 | 620,660 | |
3,000,000 | New York City, NY TFA, Building Aid Revenue Bonds (Series 2015 S-2), 5.00%, 7/15/2041 | 3,371,820 | |
200,000 | 1 | New York City, NY, UT GO Bonds (Fiscal 1995 Series F Subseries F-4) FRNs, 2.21%, (SIFMA 7-day +0.70%), 2/15/2020 | 201,430 |
3,255,000 | New York City, NY, UT GO Bonds (Fiscal 2016 Series C), 5.00%, 8/1/2033 | 3,716,950 | |
300,000 | New York City, NY, UT GO Bonds (Fiscal 2016 Series E), 5.00%, 8/1/2032 | 346,473 | |
55,000 | New York City, NY, UT GO Bonds (Series 2008 E-1), 6.25%, (Original Issue Yield: 6.40%), 10/15/2028 | 55,764 | |
400,000 | New York City, NY, UT GO Bonds (Series 2012B), 5.00%, 8/1/2027 | 442,788 | |
2,470,000 | New York Liberty Development Corporation (7 World Trade Center LLC), Revenue Refunding Bonds (Series 2012 Class 2), 5.00%, 9/15/2043 | 2,666,859 | |
400,000 | New York Liberty Development Corporation (7 World Trade Center LLC), Revenue Refunding Bonds (Series 2012 Class 3), 5.00%, 3/15/2044 | 430,128 | |
2,000,000 | New York State Dormitory Authority (New York State Personal Income Tax Revenue Bond Fund), General Purpose Revenue Bonds (Series 2016A), 5.00%, 2/15/2043 | 2,270,780 | |
500,000 | New York State Local Government Assistance Corp., Senior Lien Revenue Refunding Bonds (Series 2008 A-5/6), 5.00%, 4/1/2020 | 512,820 | |
500,000 | New York State Local Government Assistance Corp., Subordinate Lien Revenue Refunding Bonds (Series 2010A), 5.00%, 4/1/2023 | 528,940 | |
3,000,000 | New York State Thruway Authority (New York State Thruway Authority—General Revenue), General Revenue Bonds (Series 2012I), 5.00%, 1/1/2028 | 3,272,580 |
Principal Amount or Shares | Value | ||
MUNICIPAL BONDS—continued | |||
New York—continued | |||
$500,000 | New York State Thruway Authority (New York State Thruway Authority—General Revenue), General Revenue Bonds (Series 2014J), 5.00%, 1/1/2027 | $567,095 | |
200,000 | New York State Thruway Authority (New York State Thruway Authority—General Revenue), General Revenue Junior Indebtedness Obligations (Series 2016A), 5.25%, 1/1/2056 | 226,132 | |
500,000 | New York State, UT GO Bonds (Series 2009A), 5.00%, (Original Issue Yield: 5.24%), 2/15/2039 | 510,290 | |
500,000 | New York State, UT GO Bonds (Series 2011A), 5.00%, 2/15/2020 | 527,755 | |
1,930,000 | Port Authority of New York and New Jersey, Revenue Bonds (194th Series), 5.00%, 10/15/2041 | 2,176,731 | |
90,000 | Triborough Bridge & Tunnel Authority, NY, General Revenue Bonds (Series 2009A-2), 5.00%, 11/15/2023 | 91,195 | |
TOTAL | 31,944,118 | ||
North Carolina—0.9% | |||
1,000,000 | Charlotte, NC Water & Sewer System, Water & Sewer Revenue Bonds (Series 2009), 5.25%, 7/1/2030 | 1,036,070 | |
1,000,000 | North Carolina Medical Care Commission (United Methodist Retirement Homes), Revenue Refunding Bonds (Series 2017A), 5.00%, 10/1/2042 | 1,097,780 | |
1,000,000 | North Carolina Medical Care Commission (United Methodist Retirement Homes), Revenue Refunding Bonds (Series 2017A), 5.00%, 10/1/2047 | 1,087,660 | |
TOTAL | 3,221,510 | ||
Ohio—3.0% | |||
2,000,000 | Buckeye Tobacco Settlement Financing Authority, OH, Tobacco Settlement Asset-Backed Bonds (Series 2007A-2), 5.875% (Original Issue Yield: 6.07%), 6/1/2047 | 2,008,540 | |
1,500,000 | Ohio Air Quality Development Authority (Pratt Paper, LLC), Exempt Facilities Revenue Bonds (Series 2017), 4.50%, 1/15/2048 | 1,554,120 | |
2,000,000 | Ohio State Higher Educational Facility Commission (Cleveland Clinic), Revenue Bonds (Series 2012), 5.00%, 1/1/2038 | 2,166,320 | |
3,000,000 | Ohio State Treasurer Private Activity (Portsmouth Gateway Group LLC), Revenue Bonds (Series 2015), 5.00%, 12/31/2039 | 3,306,270 | |
1,000,000 | Ohio State University, Special Purpose General Receipts Bonds (Series 2013A), 5.00%, 6/1/2038 | 1,108,010 | |
TOTAL | 10,143,260 | ||
Oklahoma—0.2% | |||
500,000 | Oklahoma State Turnpike Authority, Second Senior Revenue Bonds (Series 2017C), 5.00%, 1/1/2047 | 570,470 | |
Pennsylvania—7.5% | |||
2,570,000 | Allegheny County, PA Port Authority, Special Revenue Transportation Refunding Bonds (Series 2011), 5.75%, 3/1/2029 | 2,814,972 | |
1,000,000 | Allegheny County, PA Sanitation Authority, Sewer Revenue Bonds (Series 2015), 5.00%, 12/1/2040 | 1,113,010 | |
450,000 | Berks County, PA IDA (Highlands at Wyomissing), Healthcare Facilities Revenue Bonds (Series 2017A), 5.00%, 5/15/2032 | 496,004 | |
500,000 | Berks County, PA IDA (Highlands at Wyomissing), Healthcare Facilities Revenue Bonds (Series 2017A), 5.00%, 5/15/2042 | 542,825 | |
1,500,000 | Delaware River Joint Toll Bridge Commission, Revenue Bonds (Series 2017), 5.00%, 7/1/2042 | 1,703,310 | |
2,000,000 | Delaware River Port Authority, Revenue Bonds (Series 2013), 5.00%, 1/1/2030 | 2,230,180 | |
2,000,000 | Geisinger Authority, PA Health System (Geisinger Health System), Revenue Refunding Bonds (Series 2017A-1), 5.00%, 2/15/2045 | 2,241,960 | |
1,000,000 | Lancaster County, PA Hospital Authority (Brethren Village), Revenue Bonds (Series 2017), 5.125%, 7/1/2037 | 1,090,600 | |
1,000,000 | Lancaster County, PA Hospital Authority (Brethren Village), Revenue Bonds (Series 2017), 5.25%, 7/1/2041 | 1,092,860 | |
1,500,000 | Montgomery County, PA Higher Education & Health Authority Hospital (Philadelphia Presbytery Homes, Inc.), Revenue Refunding Bonds (Series 2017), 5.00%, 12/1/2037 | 1,655,025 | |
1,045,000 | Montgomery County, PA IDA (ACTS Retirement Life Communities, Inc), Retirement Communities Revenue Refunding Bonds (Series 2012), 5.00%, 11/15/2029 | 1,119,153 | |
2,970,000 | Pennsylvania EDFA (Pennsylvania Rapid Bridge Replacement), Tax-Exempt Private Activity Revenue Bonds (Series 2015), 5.00%, 12/31/2034 | 3,269,525 | |
4,000,000 | Pennsylvania State Higher Education Facilities Authority (Temple University), Revenue Bonds (First Series of 2012), 5.00%, 4/1/2042 | 4,307,640 | |
2,000,000 | Pennsylvania State Higher Education Facilities Authority (University of Pennsylvania Health System), 4.00%, 8/15/2042 | 2,067,940 | |
TOTAL | 25,745,004 | ||
South Carolina—1.5% | |||
2,000,000 | Greenville, SC Health System, Hospital Revenue Bonds (Series 2014B), 5.00%, 5/1/2034 | 2,205,580 | |
615,000 | Greenville, SC Health System, Hospital Revenue Bonds (Series 2014B), 5.00%, 5/1/2039 | 673,745 | |
2,000,000 | Lexington County, SC Health Services District, Inc., Revenue Refunding Bonds, 5.00%, 11/1/2026 | 2,163,960 | |
TOTAL | 5,043,285 |
Principal Amount or Shares | Value | ||
MUNICIPAL BONDS—continued | |||
Tennessee—0.4% | |||
$1,335,000 | Metropolitan Government of Nashville & Davidson County, TN Health & Educational Facilities Board (Vanderbilt University Medical Center), Revenue Bonds (Series 2016A), 5.00%, 7/1/2046 | $1,477,511 | |
Texas—8.8% | |||
2,795,000 | Bexar County, Health Facilities Development Corp. (Army Retirement Residence Foundation), Revenue Bonds (Series 2010), 6.20% (United States Treasury PRF 7/1/2020@100), 7/1/2045 | 3,030,283 | |
1,500,000 | Bexar County, TX, LT Refunding Bonds (Series 2017), 5.00%, 6/15/2031 | 1,736,040 | |
2,225,000 | Dallas, TX Area Rapid Transit, Senior Lien Sales Tax Revenue Refunding Bonds (Series 2016A), 5.00%, 12/1/2048 | 2,502,947 | |
3,000,000 | Dallas-Fort Worth, TX International Airport, Joint Revenue Refunding Bonds (Series 2012B), 5.00%, 11/1/2035 | 3,181,770 | |
2,000,000 | Harris County, TX Cultural Education Facilities Finance Corp. (Memorial Hermann Health System), Hospital Revenue Bonds (Series 2014A), 5.00%, 12/1/2029 | 2,244,060 | |
2,000,000 | Houston, TX Airport System, Senior Lien Revenue & Refunding Bonds (Series 2009A), 5.50% (Original Issue Yield: 5.67%), 7/1/2034 | 2,005,900 | |
3,000,000 | Houston, TX Combined Utility System, First Lien Revenue & Refunding Bonds (Series 2016B), 4.00%, 11/15/2037 | 3,127,800 | |
2,500,000 | North Texas Tollway Authority, System First Tier Revenue Refunding Bonds (Series 2011B), 5.00% (Original Issue Yield: 5.12%), 1/1/2038 | 2,650,225 | |
1,500,000 | San Antonio, TX Electric & Gas System, Revenue Refunding Bonds (New Series 2015), 5.00%, 2/1/2032 | 1,726,095 | |
2,000,000 | San Antonio, TX Electric & Gas System, Revenue Refunding Bonds (Series 2016), 4.00%, 2/1/2034 | 2,107,220 | |
2,030,000 | Texas Municipal Gas Acquisition & Supply Corp. I, Gas Supply Senior Lien Revenue Bonds (Series 2006A), 5.25% (Bank of America Corp. GTD), 12/15/2026 | 2,363,712 | |
3,000,000 | Trinity River Authority Texas Regional Wastewater System, Revenue Refunding Bonds (Series 2016), 5.00%, 8/1/2026 | 3,538,230 | |
TOTAL | 30,214,282 | ||
Virginia—0.9% | |||
1,200,000 | Chesapeake Bay Bridge & Tunnel District, VA, First Tier General Resolution Revenue Bonds (Series 2016), 5.00%, 7/1/2051 | 1,315,812 | |
1,500,000 | Hampton Roads, VA Sanitation District, Subordinate Wastewater Revenue Bonds (Series 2016A), 5.00%, 8/1/2043 | 1,719,540 | |
TOTAL | 3,035,352 | ||
Washington—2.6% | |||
2,570,000 | Energy Northwest, WA, Project 3 Electric Revenue Refunding Bonds (Series 2014-C), 5.00%, 7/1/2028 | 2,937,921 | |
1,000,000 | Port of Seattle, WA Revenue, Intermediate Lien Revenue Bonds (Series 2018A), 5.00%, 5/1/2043 | 1,121,900 | |
1,250,000 | Washington State Health Care Facilities Authority (Providence St. Joseph Health), Health Care Facilities Revenue Bonds (Series 2014C), 5.00%, 10/1/2044 | 1,369,713 | |
3,000,000 | Washington State, UT GO Bonds (Series 2015A-1), 5.00%, 8/1/2040 | 3,384,060 | |
TOTAL | 8,813,594 | ||
West Virginia—0.8% | |||
2,500,000 | West Virginia University Board of Governors (West Virginia University), Refunding and Improvement Revenue Bonds (Series 2013A), 5.00%, 10/1/2035 | 2,724,825 | |
Wisconsin—1.2% | |||
3,000,000 | Wisconsin State HEFA (ProHealth Care, Inc.), Revenue Bonds (Series 2009), 6.625% (United States Treasury PRF 2/15/2019@100)/(Original Issue Yield: 6.87%), 2/15/2039 | 3,093,210 | |
800,000 | Wisconsin State HEFA (ProHealth Care, Inc.), Revenue Refunding Bonds (Series 2015), 5.00%, 8/15/2039 | 871,968 | |
TOTAL | 3,965,178 | ||
TOTAL MUNICIPAL BONDS (IDENTIFIED COST $324,451,097) | 332,327,631 | ||
EXCHANGE-TRADED FUND—0.6% | |||
79,302 | VanEck Vectors CEF Municipal Income ETF (IDENTIFIED COST $2,001,567) | 2,005,547 | |
TOTAL EXCHANGE-TRADED FUND | 2,005,547 | ||
1 | SHORT-TERM MUNICIPALS—0.7% | ||
Alabama—0.4% | |||
$800,000 | West Jefferson, AL IDB Solid Waste Disposal (Alabama Power Co.), (Series 2008) Daily VRDNs, 1.61%, 7/2/2018 | 800,000 | |
700,000 | Wilsonville, AL IDB (Alabama Power Co.), (Series 2008) Daily VRDNs, 1.61%, 7/2/2018 | 700,000 | |
TOTAL | 1,500,000 | ||
Florida—0.2% | |||
700,000 | Broward County, FL (Florida Power & Light Co.), (Series 2015) Daily VRDNs, 1.72%, 7/2/2018 | 700,000 |
Principal Amount or Shares | Value | ||
1 | SHORT-TERM MUNICIPALS—continued | ||
Michigan—0.0% | |||
$100,000 | Michigan Strategic Fund, (Series 2007) Daily VRDNs (Air Products & Chemicals, Inc.), 1.61%, 7/2/2018 | $100,000 | |
Ohio—0.0% | |||
100,000 | Franklin County, OH Hospital Facility Authority (Nationwide Children's Hospital), (Series 2008B) Weekly VRDNs, 1.52%, 7/6/2018 | 100,000 | |
Pennsylvania—0.1% | |||
200,000 | Philadelphia, PA, (Series 2009B) Weekly VRDNs (Barclays Bank plc LOC), 1.50%, 7/6/2018 | 200,000 | |
TOTAL SHORT-TERM MUNICIPALS (IDENTIFIED COST $2,600,000) | 2,600,000 | ||
TOTAL INVESTMENT IN SECURITIES—98.7% (IDENTIFIED COST $329,052,663) | 336,933,178 | ||
OTHER ASSETS AND LIABILITIES - NET—1.3%3 | 4,369,634 | ||
TOTAL NET ASSETS—100% | $341,302,812 |
1 | Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
2 | Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or availing of an exemption from registration, under the Securities Act of 1933; or (b) is subject to a contractual restriction on public sales. At June 30, 2018, these restricted securities amounted to $310,417, which represented 0.1% of total net assets. |
Security | Acquisition Date | Cost | Market Value |
Director of the State of Nevada Department of Business and Industry (Doral Academy of Nevada), Charter School Revenue Bonds (Series 2017A), 5.00%, 7/15/2047 | 8/31/2017 | $311,785 | $310,417 |
3 | Assets, other than investments in securities, less liabilities. |
■ | Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by the Fund's Board of Directors (the “Directors”). |
■ | Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs. |
■ | Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and asked quotations. |
■ | Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Directors. |
■ | Equity securities listed on an exchange or traded through a regulated market system are valued at their last reported sale price or official closing price in their principal exchange or market. |
■ | For securities that are fair valued in accordance with procedures established by and under the general supervision of the Directors, certain factors may be considered such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions. |
Valuation Inputs | ||||
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Total | |
Municipal Bonds | $— | $332,327,631 | $— | $332,327,631 |
Exchange-Traded Fund | 2,005,547 | — | — | 2,005,547 |
Short-Term Municipals | — | 2,600,000 | — | 2,600,000 |
TOTAL SECURITIES | $2,005,547 | $334,927,631 | $— | $336,933,178 |
AGM | —Assured Guaranty Municipal Corp. |
CDA | —Community Development Authority |
EDA | —Economic Development Authority |
EDFA | —Economic Development Finance Authority |
ETF | —Exchange-Traded Fund |
FRNs | —Floating Rate Notes |
GO | —General Obligation |
GTD | —Guaranteed |
HEFA | —Health and Education Facilities Authority |
HFA | —Housing Finance Authority |
IDA | —Industrial Development Authority |
IDB | —Industrial Development Bond |
IDRBs | —Industrial Development Revenue Bonds |
INS | —Insured |
LIBOR | —London Interbank Offered Rate |
LOC | —Letter of Credit |
LT | —Limited Tax |
PILOT | —Payment in Lieu of Taxes |
PRF | —Pre-refunded |
SIFMA | —Securities Industry and Financial Markets Association |
TFA | —Transitional Finance Authority |
USDT | —Unified School District |
UT | —Unlimited Tax |
VRDNs | —Variable Rate Demand Notes |
Item 2. | Controls and Procedures |
(a) The registrant’s Principal Executive Officer and Principal Financial Officer have concluded that the registrant’s disclosure controls and procedures (as defined in rule 30a-3(c) under the Act) are effective in design and operation and are sufficient to form the basis of the certifications required by Rule 30a-(2) under the Act, based on their evaluation of these disclosure controls and procedures within 90 days of the filing date of this report on Form N-Q.
(b) There were no changes in the registrant’s internal control over financial reporting (as defined in rule 30a-3(d) under the Act) during the last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 3. | Exhibits |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Registrant Federated Municipal Bond Fund, Inc.
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date August 23, 2018
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By /S/ J. Christopher Donahue
J. Christopher Donahue
Principal Executive Officer
Date August 23, 2018
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date August 23, 2018
N-Q Item 3- Exhibits: Certifications
I, J. Christopher Donahue, certify that:
Date: August 23, 2018
/S/ J. Christopher Donahue
J. Christopher Donahue
President - Principal Executive Officer
N-Q Item 3- Exhibits: Certifications
I, Lori A. Hensler, certify that:
Date: August 23, 2018
/S/ Lori A. Hensler
Lori A. Hensler
Treasurer - Principal Financial Officer