N-Q 1 form.htm FSIDMT 5774 FORM form.htm

United States
Securities and Exchange Commission
Washington, D.C.  20549

Form N-Q
Quarterly Schedule of Portfolio Holdings of Registered Management Investment Companies




811-3181

(Investment Company Act File Number)



Federated Short-Intermediate Duration Municipal Trust

(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)


John W. McGonigle, 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:  6/30/09


Date of Reporting Period:  Quarter ended 3/31/09







Item 1.                      Schedule of Investments
 


Federated Short-Intermediate Duration Municipal Trust
 
Portfolio of Investments
 
March 31, 2009 (unaudited)
 
 
Principal
Amount
       
Value
     
MUNICIPAL BONDS--93.4%
     
     
Alabama--3.5%
     
$
650,000
 
Health Care Authority for Baptist Health, AL, Revenue Bonds (Series 2006D), 5.00%, 11/15/2010
 
$
657,390
 
500,000
 
Health Care Authority for Baptist Health, AL, Revenue Bonds (Series 2006D), 5.00%, 11/15/2011
   
504,185
 
550,000
 
Health Care Authority for Baptist Health, AL, Revenue Bonds (Series 2006D), 5.00%, 11/15/2012
   
550,995
 
2,000,000
 
Mobile, AL IDB, PCRBs (Series 2007C), 5.00% TOBs (Alabama Power Co.), Mandatory Tender 3/19/2015
   
2,062,020
 
1,000,000
 
Mobile, AL IDB, PCR Refunding Bonds (Series 1994A), 4.65% (International Paper Co.), 12/1/2011
   
946,880
 
1,000,000
 
Montgomery, AL Medical Clinic Board, Health Care Facility Revenue Bonds (Series 2006), 4.50% (Jackson Hospital & Clinic, Inc.), 3/1/2012
   
959,250
 
1,000,000
 
Montgomery, AL Medical Clinic Board, Health Care Facility Revenue Bonds (Series 2006), 4.50% (Jackson Hospital & Clinic, Inc.), 3/1/2013
   
943,950
 
1,170,000
 
Montgomery, AL Medical Clinic Board, Health Care Facility Revenue Bonds (Series 2006), 4.50% (Jackson Hospital & Clinic, Inc.), 3/1/2014
   
1,078,822
     
TOTAL
   
7,703,492
     
Arkansas--0.5%
     
 
1,190,000
 
Jefferson County, AR, PCR Refunding Bonds (Series 2006), 4.60% (Entergy Arkansas, Inc.), 10/1/2017
   
1,152,563
     
California--2.5%
     
 
3,000,000
 
California Health Facilities Financing Authority, INS Revenue Bonds (Series 2006), 4.25% (California-Nevada Methodist Homes)/(GTD by California Mortgage Insurance), 7/1/2011
   
3,005,820
 
1,000,000
 
California Municipal Finance Authority, Solid Waste Disposal Revenue Bonds (Series 2009A), 4.90% TOBs (Waste Management, Inc.), Mandatory Tender 2/1/2010
   
997,510
 
1,500,000
 
Golden State Tobacco Securitization Corp., CA, Tobacco Settlement Asset-Backed Bonds (Series 2007A-1), 5.00%, 6/1/2012
   
1,440,105
     
TOTAL
   
5,443,435
     
Colorado--6.8%
     
 
2,375,000
 
Adonea, CO Metropolitan District No. 2, Revenue Bonds (Series 2005B), 4.375% (Compass Bank, Birmingham LOC)/(Original Issue Yield: 4.50%), 12/1/2015
   
2,299,427
 
120,000
 
Beacon Point, CO Metropolitan District, Revenue Bonds (Series 2005B), 4.375% (Compass Bank, Birmingham LOC)/(Original Issue Yield: 4.50%), 12/1/2015
   
121,902
 
1,770,000
 
Colorado Health Facilities Authority, Health Facilities Revenue Bonds (Series 2004A), 5.00% (Evangelical Lutheran Good Samaritan Society), 6/1/2010
   
1,786,532
 
1,000,000
 
Colorado Health Facilities Authority, Health Facilities Revenue Bonds (Series 2004B), 3.75% TOBs (Evangelical Lutheran Good Samaritan Society), Mandatory Tender 6/1/2009
   
1,001,430
 
500,000
 
Colorado Health Facilities Authority, Revenue Bonds (Series 2005), 5.00% (Covenant Retirement Communities, Inc.), 12/1/2010
   
489,385
 
1,300,000
 
Colorado Health Facilities Authority, Revenue Bonds (Series 2005), 5.00% (Covenant Retirement Communities, Inc.), 12/1/2011
   
1,238,913
 
2,135,000
 
Colorado Health Facilities Authority, Revenue Bonds (Series 2005), 5.00% (Covenant Retirement Communities, Inc.), 12/1/2012
   
1,978,633
 
2,700,000
 
Denver, CO Convention Center Hotel Authority, Senior Refunding Revenue Bonds, 5.00% (Syncora Guarantee, INC. INS), 12/1/2010
   
2,696,949
 
2,705,000
 
Denver, CO Convention Center Hotel Authority, Senior Refunding Revenue Bonds, 5.00% (Syncora Guarantee, INC. INS), 12/1/2011
   
2,656,148
 
485,000
 
High Plains, CO Metropolitan District, Revenue Bonds (Series 2005B), 4.375% (Compass Bank, Birmingham LOC)/(Original Issue Yield: 4.50%), 12/1/2015
   
492,687
     
TOTAL
   
14,762,006
     
Connecticut--1.3%
     
 
2,630,000
 
Connecticut State, Refunding UT GO Bonds (Series 2001E), 5.00%, 11/15/2011
   
2,887,556
     
Delaware--0.3%
     
 
635,000
 
Delaware Health Facilities Authority, Revenue Bonds (Series 2005A), 5.00% (Beebe Medical Center), 6/1/2010
   
633,774
     
District of Columbia--0.5%
     
 
1,000,000
 
District of Columbia, Ballpark Revenue Bonds (Series 2006B-1), 5.00% (FGIC and MBIA Insurance Corp. INS), 2/1/2012
   
984,920
     
Florida--4.9%
     
 
125,000
1
Florida State Department of Corrections, Custodial Receipts, 3.00%, 9/10/2009
   
125,126
 
1,000,000
 
Halifax Hospital Medical Center, FL, 5.00%, 6/1/2012
   
984,380
 
875,000
 
Highlands County, FL Health Facilities Authority, Refunding Revenue Bonds (Series 2005B), 5.00% (Adventist Health System/Sunbelt Obligated Group), 11/15/2010
   
899,063
 
125,000
 
Highlands County, FL Health Facilities Authority, Refunding Revenue Bonds (Series 2005B), 5.00% (Adventist Health System/Sunbelt Obligated Group)/(Escrowed In Treasuries COL), 11/15/2010
   
132,784
 
2,000,000
 
Miami-Dade County, FL Transit System, Sales Surtax Revenue Bonds (Series 2006), 5.00% (Syncora Guarantee, INC. INS), 7/1/2010
   
2,081,480
 
3,445,000
 
Miami-Dade County, FL Transit System, Sales Surtax Revenue Bonds (Series 2006), 5.00% (Syncora Guarantee, INC. INS), 7/1/2011
   
3,615,252
 
1,000,000
 
Orlando, FL, Senior Tourist Development Tax Revenue Bonds (Series 2008A), 5.00% (6th Cent Contract Payments)/(Assured Guaranty Corp. INS), 11/1/2013
   
1,090,750
 
1,000,000
 
Orlando, FL, Senior Tourist Development Tax Revenue Bonds (Series 2008A), 5.00% (6th Cent Contract Payments)/(Assured Guaranty Corp. INS), 11/1/2014
   
1,086,970
 
640,000
 
Volusia County, FL Education Facility Authority, Educational Facilities Refunding Revenue Bonds (Series 2005), 5.00% (Embry-Riddle Aeronautical University, Inc.)/(Radian Asset Assurance, Inc. INS), 10/15/2011
   
643,603
     
TOTAL
   
10,659,408
     
Georgia--7.6%
     
 
3,000,000
 
Burke County, GA Development Authority, PCRBs (Fifth Series 1994), 4.375% TOBs (Georgia Power Co.), Mandatory Tender 4/1/2010
   
3,033,840
 
2,100,000
 
Burke County, GA Development Authority, PCRBs (Series 2007E), 4.75% TOBs (Oglethorpe Power Corp.)/(MBIA Insurance Corp. INS), Mandatory Tender 4/1/2011
   
2,158,464
 
5,000,000
 
Clarke County, GA School District, GO Bonds (Series 2007), 5.00% (GTD by Georgia State), 9/1/2010
   
5,285,750
 
935,000
 
Coffee County, GA Hospital Authority, Refunding Revenue Bonds, 5.00% (Coffee Regional Medical Center, Inc.), 12/1/2010
   
914,963
 
2,000,000
 
Georgia State Road and Tollway Authority, Federal Highway GANs (Series 2009-A), 5.00%, 6/1/2012
   
2,190,460
 
2,000,000
 
Monroe County, GA Development Authority, PCRBs (First Series 1995), 4.50% TOBs (Georgia Power Co.), Mandatory Tender 4/1/2011
   
2,007,020
 
1,000,000
 
Municipal Electric Authority of Georgia, Project One Subordinated Bonds (Series 2008A), 5.00%, 1/1/2012
   
1,064,080
     
TOTAL
   
16,654,577
     
Illinois--4.2%
     
 
2,000,000
 
Chicago, IL Water Revenue, Second Lien Water Refunding Revenue Bonds (Series 2008), 5.00% (FSA INS), 11/1/2015
   
2,192,600
 
3,000,000
 
Illinois Development Finance Authority, Adjustable-Rate Gas Supply Refunding Revenue Bonds (Series 2003B), 3.75% TOBs (Peoples Gas Light & Coke Co.), Mandatory Tender 2/1/2012
   
2,929,800
 
250,000
 
Illinois Finance Authority, Refunding Revenue Bonds (Series 2006A), 5.00% (Lutheran Hillside Village), 2/1/2010
   
250,697
 
760,000
 
Illinois Finance Authority, Refunding Revenue Bonds (Series 2006A), 5.00% (Lutheran Hillside Village), 2/1/2011
   
757,659
 
800,000
 
Illinois Finance Authority, Refunding Revenue Bonds (Series 2006A), 5.00% (Lutheran Hillside Village), 2/1/2012
   
784,048
 
1,200,000
 
Quincy, IL, Refunding Revenue Bonds (Series 2007), 5.00% (Blessing Hospital), 11/15/2010
   
1,214,580
 
1,000,000
 
Quincy, IL, Refunding Revenue Bonds (Series 2007), 5.00% (Blessing Hospital), 11/15/2011
   
1,009,600
     
TOTAL
   
9,138,984
     
Indiana--2.4%
     
 
815,000
 
Indiana Health & Educational Facility Financing Authority, Revenue Bonds (Series 2005), 5.00% (Baptist Homes of Indiana), 11/15/2009
   
813,174
 
860,000
 
Indiana Health & Educational Facility Financing Authority, Revenue Bonds (Series 2005), 5.00% (Baptist Homes of Indiana), 11/15/2010
   
854,866
 
1,000,000
 
Indiana Health Facility Financing Authority, Hospital Refunding Revenue Bonds (Series 2006B), 5.00% (Clarian Health Obligated Group), 2/15/2010
   
1,009,680
 
1,000,000
 
Jasper County, IN, PCR Refunding Bonds (Series 1994B), 5.20% (Northern Indiana Public Service Company)/(MBIA Insurance Corp. INS), 6/1/2013
   
997,630
 
1,500,000
 
St. Joseph County, IN, Variable Rate Educational Facilities Revenue Bonds (Series 2005), 3.875% TOBs (University of Notre Dame), Mandatory Tender 3/1/2012
   
1,554,390
     
TOTAL
   
5,229,740
     
Iowa--1.4%
     
 
1,000,000
 
Iowa Finance Authority, Health Facilities Development Refunding Revenue Bonds (Series 2006A), 5.00% (Care Initiatives), 7/1/2009
   
997,850
 
1,000,000
 
Iowa Finance Authority, Health Facilities Development Refunding Revenue Bonds (Series 2006A), 5.25% (Care Initiatives), 7/1/2011
   
966,440
 
1,000,000
 
Iowa Finance Authority, PCR Refunding Bonds (Series 2005), 5.00% (Interstate Power and Light Co.)/(FGIC INS), 7/1/2014
   
1,013,280
     
TOTAL
   
2,977,570
     
Kansas--3.3%
     
 
350,000
 
Lawrence, KS, Hospital Revenue Bonds (Series 2006), 5.00% (Lawrence Memorial Hospital), 7/1/2012
   
355,001
 
2,105,000
 
Saline County, KS USD No. 305, Refunding & Improvement UT GO Bonds, 5.25% (FSA INS), 9/1/2010
   
2,234,879
 
1,190,000
 
Spring Hill, KS, UT GO Temporary Notes (Series 2005A), 4.25%, 11/1/2009
   
1,188,870
 
3,165,000
 
Wichita, KS Water & Sewer Utility, Refunding Revenue Bonds (Series 2005A), 5.00% (FGIC and MBIA Insurance Corp. INS), 10/1/2011
   
3,383,005
     
TOTAL
   
7,161,755
     
Louisiana--2.8%
     
 
2,000,000
 
Louisiana State Citizens Property Insurance Corp., Assessment Revenue Bonds (Series 2006B), 5.00% (AMBAC INS), 6/1/2009
   
2,002,880
 
4,000,000
 
Louisiana State Citizens Property Insurance Corp., Assessment Revenue Bonds (Series 2006B), 5.25% (AMBAC INS), 6/1/2010
   
4,033,480
     
TOTAL
   
6,036,360
     
Michigan--2.2%
     
 
500,000
 
Kent Hospital Finance Authority, MI, Revenue Bonds (Series 2005A), 5.00% (Metropolitan Hospital ), 7/1/2009
   
498,740
 
750,000
 
Michigan State Hospital Finance Authority, Hospital Revenue and Refunding Bonds (Series 2006A), 5.00% (Henry Ford Health System, MI), 11/15/2012
   
751,605
 
1,000,000
 
Michigan State Trunk Line, Revenue Bonds, 5.00% (FGIC and MBIA Insurance Corp. INS), 11/1/2010
   
1,058,920
 
1,000,000
 
Michigan State Trunk Line, Revenue Bonds, 5.25% (FGIC INS)/(MBIA Insurance Corp. LOC), 11/1/2013
   
1,126,030
 
1,285,000
 
Saginaw, MI Hospital Finance Authority, Hospital Refunding Revenue Bonds (Series 2004G), 4.75% (Covenant Medical Center, Inc.), 7/1/2009
   
1,288,945
     
TOTAL
   
4,724,240
     
Minnesota--0.5%
     
 
270,000
 
St. Paul, MN Housing & Redevelopment Authority, Health Care Facility Revenue Bonds (Series 2006), 5.00% (HealthPartners Obligated Group), 5/15/2010
   
272,500
 
300,000
 
St. Paul, MN Housing & Redevelopment Authority, Health Care Facility Revenue Bonds (Series 2006), 5.00% (HealthPartners Obligated Group), 5/15/2011
   
302,301
 
300,000
 
St. Paul, MN Housing & Redevelopment Authority, Health Care Facility Revenue Bonds (Series 2006), 5.00% (HealthPartners Obligated Group), 5/15/2012
   
300,009
 
225,000
 
St. Paul, MN Housing & Redevelopment Authority, Health Care Revenue Bonds (Series 2005), 5.00% (Gillette Children's Specialty Healthcare), 2/1/2012
   
216,934
     
TOTAL
   
1,091,744
     
Mississippi--1.4%
     
 
1,000,000
 
Mississippi Development Bank, Wilkinson County Correctional Facility Refunding Bonds (Series 2008D), 5.00% (Mississippi State Department of Corrections), 8/1/2012
   
1,063,700
 
1,000,000
 
Mississippi Development Bank, Wilkinson County Correctional Facility Refunding Bonds (Series 2008D), 5.00% (Mississippi State Department of Corrections), 8/1/2015
   
1,050,720
 
1,000,000
 
Mississippi Hospital Equipment & Facilities Authority, Revenue Bonds (Series 2007A), 5.00% (Mississippi Baptist Health Systems, Inc.), 8/15/2010
   
1,012,480
     
TOTAL
   
3,126,900
     
Missouri--2.4%
     
 
1,670,000
 
Missouri State Environmental Improvement & Energy Resources Authority, PCR Refunding Bonds (Series 2008), 4.375% TOBs (Associated Electric Cooperative, Inc.), Mandatory Tender 3/1/2011
   
1,717,328
 
1,125,000
 
Missouri State HEFA, Senior Living Facilities Revenue Bonds (Series 2007A), 5.00% (Lutheran Senior Services), 2/1/2011
   
1,114,650
 
1,185,000
 
Missouri State HEFA, Senior Living Facilities Revenue Bonds (Series 2007A), 5.00% (Lutheran Senior Services), 2/1/2012
   
1,160,008
 
1,240,000
 
Missouri State HEFA, Senior Living Facilities Revenue Bonds (Series 2007A), 5.00% (Lutheran Senior Services), 2/1/2013
   
1,203,755
     
TOTAL
   
5,195,741
     
Nebraska--1.0%
     
 
730,000
 
Lancaster County, NE Hospital Authority No. 1, 5.00% (BryanLGH Health System), 6/1/2012
   
752,083
 
700,000
 
Lancaster County, NE Hospital Authority No. 1, Hospital Refunding Revenue Bonds, 4.00% (BryanLGH Health System), 6/1/2010
   
708,134
 
725,000
 
Lancaster County, NE Hospital Authority No. 1, Hospital Revenue Bonds, 4.00% (BryanLGH Health System), 6/1/2011
   
730,300
     
TOTAL
   
2,190,517
     
Nevada--0.6%
     
 
1,000,000
 
Clark County, NV, IDRBs (Series 2003C), 5.45% TOBs (Southwest Gas Corp.), Mandatory Tender 3/1/2013
   
918,750
 
425,000
 
Henderson, NV, Health Facility Revenue Bonds (Series 2007B), 5.00% (Catholic Healthcare West), 7/1/2013
   
434,592
     
TOTAL
   
1,353,342
     
New Jersey--1.5%
     
 
500,000
 
Bayonne, NJ Redevelopment Agency, Tax-Exempt Project Notes (Series 2007A), 5.00%, 4/11/2009
   
500,320
 
705,000
 
New Jersey EDA, Refunding Revenue Bonds (Series A), 4.00% (Winchester Gardens at Ward Homestead)/(Original Issue Yield: 4.10%), 11/1/2009
   
697,887
 
2,000,000
 
New Jersey EDA, School Facilities Construction Refunding Revenue Bonds (Series 2008W), 5.00% (New Jersey State), 3/1/2014
   
2,158,940
     
TOTAL
   
3,357,147
     
New Mexico--1.7%
     
 
2,450,000
 
Farmington, NM, Refunding Revenue Bonds (Series 2002A), 4.00% TOBs (El Paso Electric Co.)/(FGIC INS), Mandatory Tender 8/1/2012
   
2,349,085
 
1,335,000
 
Sandoval County, NM, Incentive Payment Refunding Revenue Bonds (Series 2005), 4.00% (Intel Corp.), 6/1/2015
   
1,357,361
     
TOTAL
   
3,706,446
     
New York--2.3%
     
 
2,220,000
 
Dutchess County, NY IDA, Revenue Bonds, 4.00% (Marist College), 7/1/2009
   
2,227,459
 
2,655,000
 
New York City, NY, UT GO Bonds (Series 2005O), 5.00%, 6/1/2013
   
2,864,453
     
TOTAL
   
5,091,912
     
North Carolina--4.8%
     
 
1,000,000
 
North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, 5.00% (Assured Guaranty Corp. INS), 1/1/2013
   
1,056,560
 
525,000
 
North Carolina Medical Care Commission, Health Care Facilities First Mortgage Revenue Bonds (Series 2006A), 5.00% (The Pines at Davidson), 1/1/2010
   
529,935
 
315,000
 
North Carolina Medical Care Commission, Health Care Facilities First Mortgage Revenue Bonds (Series 2006A), 5.00% (The Pines at Davidson), 1/1/2011
   
319,347
 
725,000
 
North Carolina Medical Care Commission, Health Care Facilities First Mortgage Revenue Bonds (Series 2006A), 5.00% (The Pines at Davidson), 1/1/2012
   
733,483
 
3,000,000
 
North Carolina State, UT GO Bonds (Series 2003), 5.00%, 5/1/2012
   
3,337,950
 
2,000,000
 
North Carolina State, UT GO Bonds (Series 2006A), 5.00%, 6/1/2014
   
2,284,320
 
2,000,000
 
Wake County, NC, Public Improvement UT GO Bonds, 5.00%, 3/1/2015
   
2,294,340
     
TOTAL
   
10,555,935
     
Ohio--4.7%
     
 
2,000,000
 
Buckeye Tobacco Settlement Financing Authority, OH, Tobacco Settlement Asset-Backed Bonds (Series 2007A-2), 5.00%, 6/1/2014
   
1,837,800
 
1,170,000
 
Lucas County, OH, Adjustable Rate Demand Health Care Facilities Revenue Bonds (Series 2002), 3.75% TOBs (Franciscan Care Center), Optional Tender 3/1/2011
   
1,171,275
 
2,000,000
 
Ohio Air Quality Development Authority, PCR Refunding Bonds (Series 2009-A), 5.70% (FirstEnergy Generation Corp.), 2/1/2014
   
2,006,520
 
1,820,000
 
Ohio State Air Quality Development Authority, PCRBs (Series 2008B), 3.375% TOBs (FirstEnergy Nuclear Generation Corp.), Mandatory Tender 10/1/2009
   
1,825,970
 
3,000,000
 
Ohio State University, 5.00%, 12/1/2013
   
3,370,950
     
TOTAL
   
10,212,515
     
Oklahoma--4.2%
     
 
5,000,000
 
Grand River Dam Authority, OK, Refunding Revenue Bonds (Series 2002A), 5.00% (FSA  INS), 6/1/2012
   
5,495,600
 
960,000
 
Oklahoma Development Finance Authority, Hospital Refunding Revenue Bonds (Series 2004), 5.00% (Unity Health Center), 10/1/2009
   
966,883
 
2,500,000
 
Tulsa County, OK Industrial Authority, Educational Facilities Lease Revenue Bonds (Series 2006), 5.00% (Owasso Public Schools)/(Assured Guaranty Corp. INS), 9/1/2010
   
2,606,175
     
TOTAL
   
9,068,658
     
Pennsylvania--4.9%
     
 
460,000
 
Allegheny County, PA IDA, Lease Revenue Bonds (Series 2006), 4.50% (Residential Resources Inc. Project), 9/1/2011
   
449,599
 
865,000
 
Erie, PA Higher Education Building Authority, College Refunding Revenue Bonds (Series 2004A), 3.70% (Mercyhurst College)/(Original Issue Yield: 3.79%), 3/15/2010
   
857,777
 
220,000
 
Erie, PA Higher Education Building Authority, College Refunding Revenue Bonds (Series 2004B), 3.70% (Mercyhurst College)/(Original Issue Yield: 3.79%), 3/15/2010
   
218,163
 
4,445,000
1
Geisinger Authority, PA Health System, DRIVERs (Series 1834), 2.747% (Geisinger Health System), 2/1/2015
   
1,395,997
 
1,115,000
 
Lebanon County, PA Health Facilities Authority, Hospital Revenue Bonds, 4.00% (Good Samaritan Hospital), 11/15/2009
   
1,103,103
 
2,000,000
 
Pennsylvania EDFA, PCR Refunding Bonds (Series 2008), 4.85% TOBs (PPL Electric Utilities Corp.), Mandatory Tender 10/1/2010
   
2,027,900
 
820,000
 
Pennsylvania State Higher Education Facilities Authority, Revenue Bonds (Series 2004A), 5.00% (Philadelphia University), 6/1/2011
   
812,595
 
1,000,000
 
Pennsylvania State Higher Education Facilities Authority, Revenue Bonds (Series 2008B), 5.00% (University of Pennsylvania Health System), 8/15/2013
   
1,048,080
 
1,780,000
 
Pennsylvania State Turnpike Commission, Turnpike Subordinate Revenue Bonds (Series 2009A), 3.00% (Assured Guaranty Corp. INS), 6/1/2011
   
1,833,987
 
955,000
 
Philadelphia, PA Authority for Industrial Development, Adjustable Rate Revenue Bonds (Series 2003B), 4.75% TOBs (Cathedral Village), Optional Tender 4/1/2011
   
911,280
     
TOTAL
   
10,658,481
     
Rhode Island--0.7%
     
 
1,600,000
 
Rhode Island State Health and Educational Building Corp., Hospital Financing Refunding Revenue Bonds (Series 2006A), 5.00% (Lifespan Obligated Group), 5/15/2011
   
1,615,168
     
South Carolina--3.3%
     
 
2,000,000
 
Richland County, SC, Environmental Improvement Revenue & Refunding Bonds (Series 2007A), 4.60% (International Paper Co.), 9/1/2012
   
1,777,040
 
6,000,000
 
South Carolina Jobs-EDA, Hospital Revenue Bonds, 1.29%, Floating Rate Notes (Palmetto Health Alliance), Mandatory Tender 8/1/2013
   
5,520,000
     
TOTAL
   
7,297,040
     
South Dakota--0.4%
     
 
890,000
 
South Dakota State Health & Educational Authority, Revenue Bonds, 5.25% (Westhills Village Retirement Community), 9/1/2009
   
895,109
     
Texas--4.4%
     
 
1,000,000
 
Austin, TX, Hotel Occupancy, 5.625% (United States Treasury PRF 11/15/2009@100)/ (Original Issue Yield: 5.71%), 11/15/2019
   
1,030,640
 
2,000,000
 
Harris County, TX Cultural Education Facilities Finance Corp., Revenue Bonds (Series 2008B0, 5.25% (Methodist Hospital, Harris County, TX), 12/1/2014
   
2,113,060
 
1,000,000
 
Johnson County, TX, (GO UT), 5.00% (United States Treasury PRF 2/15/2010@100), 2/15/2016
   
1,039,020
 
1,000,000
 
North Texas Tollway Authority, (Series A), 5.10% (FGIC and MBIA Insurance Corp. INS)/ (Original Issue Yield: 5.20%), 1/1/2013
   
1,001,250
 
1,250,000
 
Texas Municipal Gas Acquisition & Supply Corp. II, Gas Supply Revenue Bonds (Series 2007A), 1.2815%, 9/15/2010
   
1,117,188
 
2,000,000
 
Texas State Transportation Commission, Mobility Fund Revenue Bonds (Series 2006), 5.00% (Texas State), 4/1/2012
   
2,203,660
 
1,000,000
 
Titus County, TX Fresh Water Supply District No. 1 , PCR Refunding Revenue Bonds (Series 2008), 4.50% (Southwestern Electric Power Co.), 7/1/2011
   
990,040
     
TOTAL
   
9,494,858
     
Utah--1.0%
     
 
1,000,000
 
Intermountain Power Agency, UT, Subordinated Power Supply Refunding Revenue Bonds (Series 2008A), 5.25%, 7/1/2013
   
1,084,320
 
1,000,000
 
Intermountain Power Agency, UT, Subordinated Power Supply Refunding Revenue Bonds (Series 2008A), 5.50%, 7/1/2014
   
1,074,810
     
TOTAL
   
2,159,130
     
Virginia--3.4%
     
 
2,000,000
 
Louisa, VA IDA, PCR Refunding Bonds (Series 2008C), 5.00% TOBs (Virginia Electric & Power Co.), Mandatory Tender 12/1/2011
   
2,035,060
 
1,000,000
 
Rappahannock, VA Regional Jail Authority, GANs, 4.25%, 12/1/2009
   
1,001,830
 
1,000,000
 
Virginia Peninsula Port Authority, Refunding Revenue Bonds (Series 2003), 5.00% TOBs (Dominion Terminal Associates)/(GTD by Dominion Resources, Inc.), Mandatory Tender 10/1/2011
   
1,004,780
 
3,000,000
 
Virginia State, Refunding UT GO Bonds (Series 2004B), 5.00%, 6/1/2012
   
3,346,980
     
TOTAL
   
7,388,650
     
Washington--3.6%
     
 
2,170,000
 
Chelan County, WA Public Utility District No. 1, Consolidated System Subordinate Revenue Notes (Series 2008A), 5.00%, 7/1/2013
   
2,382,313
 
2,500,000
 
Energy Northwest, WA, Project 1 Electric Refunding Revenue Bonds (Series 2006A), 5.00%, 7/1/2010
   
2,618,750
 
750,000
 
Washington State Higher Education Facilities Authority, Refunding Revenue Bonds (Series 2006), 5.00% (Pacific Lutheran University)/(Radian Asset Assurance, Inc. INS), 11/1/2009
   
756,308
 
890,000
 
Washington State Higher Education Facilities Authority, Refunding Revenue Bonds (Series 2006), 5.00% (Pacific Lutheran University)/(Radian Asset Assurance, Inc. INS), 11/1/2010
   
902,620
 
1,105,000
 
Washington State Higher Education Facilities Authority, Refunding Revenue Bonds (Series 2006), 5.00% (Pacific Lutheran University)/(Radian Asset Assurance, Inc. INS), 11/1/2012
   
1,100,657
     
TOTAL
   
7,760,648
     
West Virginia--0.4%
     
 
1,000,000
 
West Virginia EDA, PCR Refunding Bonds (Series 2008C), 4.85% TOBs (Appalachian Power Co.), Mandatory Tender 9/4/2013
   
961,080
     
Wisconsin--0.3%
     
 
350,000
 
Wisconsin State HEFA, Revenue Bonds, (Series 2006A), 5.00% (Marshfield Clinic, WI), 2/15/2012
   
342,216
 
425,000
 
Wisconsin State HEFA, Revenue Bonds, (Series 2006A), 5.00% (Marshfield Clinic, WI), 2/15/2013
   
407,507
     
TOTAL
   
749,723
     
Wyoming--1.7%
     
 
3,650,000
 
Albany County, WY, PCRBs (Series 1985), 4.00% TOBs (Union Pacific Railroad Co.)/(GTD by Union Pacific Corp.), Optional Tender 12/1/2009
   
3,664,052
     
TOTAL MUNICIPAL BONDS
(IDENTIFIED COST $206,717,535)
   
203,745,176
     
SHORT-TERM MUNICIPALS --6.8%2
     
     
California--1.7%
     
 
1,600,000
 
California Infrastructure & Economic Development Bank, (Series 2005) Daily VRDNs (Asian Art Museum Foundation of San Francisco)/(MBIA Insurance Corp. INS)/(JPMorgan Chase Bank, N.A. LIQ), 7.500%, 4/1/2009
   
1,600,000
 
2,100,000
 
California State, GO Tax Exempt Notes, 3.75% CP, Mandatory Tender 4/3/2009
   
2,100,000
     
TOTAL
   
3,700,000
     
Michigan--0.2%
     
 
500,000
 
Michigan State Hospital Finance Authority, (Series 1999 A) Weekly VRDNs (Covenant Retirement Communities, Inc.)/(Bank of America N.A. LOC), 0.480%, 4/2/2009
   
500,000
     
New York--0.7%
     
 
1,500,000
 
New York City, NY Municipal Water Finance Authority, (Series 2001 F-1) Daily VRDNs (Dexia Credit Local LIQ), 1.100%, 4/1/2009
   
1,500,000
     
North Carolina--0.4%
     
 
950,000
 
Guilford County, NC, (Series 2007B) Weekly VRDNs (Dexia Credit Local LIQ), 3.000%, 4/2/2009
   
950,000
     
Pennsylvania--1.9%
     
 
2,820,000
 
Philadelphia, PA Authority for Industrial Development Daily VRDNs (Newcourtland Elder Services)/(PNC Bank, N.A. LOC), 0.360%, 4/1/2009
   
2,820,000
 
1,200,000
 
Philadelphia, PA Authority for Industrial Development, (Series 2007A) Daily VRDNs (Fox Chase Cancer Center)/(Citizens Bank of Pennsylvania LOC), 3.250%, 4/1/2009
   
1,200,000
     
TOTAL
   
4,020,000
     
Texas--0.3%
     
 
600,000
 
Harris County, TX HFDC, (Series 2006C) Daily VRDNs (Methodist Hospital, Harris County, TX), 0.400%, 4/1/2009
   
600,000
     
Virginia--1.6%
     
 
800,000
 
Roanoke, VA IDA, (Series 2005-C-1) Daily VRDNs (Carilion Health System Obligated Group) /(FSA INS)/(Wachovia Bank N.A. LIQ), 0.500%, 4/1/2009
   
800,000
 
1,455,000
 
Roanoke, VA IDA, (Series 2005-C-2) Daily VRDNs (Carilion Health System Obligated Group) /(FSA INS)/(Wachovia Bank N.A. LIQ), 0.350%, 4/1/2009
   
1,455,000
 
1,300,000
 
Roanoke, VA IDA, (Series 2005A-2) Daily VRDNs (Carilion Health System Obligated Group) /(FSA INS)/(Wachovia Bank N.A. LIQ), 0.350%, 4/1/2009
   
1,300,000
     
TOTAL
   
3,555,000
     
TOTAL SHORT-TERM MUNICIPALS
(AT AMORTIZED COST)
 
$
14,825,000
     
TOTAL INVESTMENTS – 100.2%
(IDENTIFIED COST $221,542,535)3
   
218,570,176
     
OTHER ASSETS AND LIABILITIES – NET – (0.2)%4
   
(438,620)
     
TOTAL NET ASSETS – 100%
 
$
218,131,556

 
At March 31, 2009, the Fund holds no securities that are subject to the federal alternative minimum tax (AMT).
   
1
Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or being able to take advantage of an exemption from registration, under the Securities Act of 1933; or (b) is subject to a contractual restriction on public sales. At March 31, 2009, these restricted securities amounted to $1,521,123, which represented 0.7% of total net assets.
 
Additional information on restricted securities, excluding securities purchased under Rule 144A, if applicable, that have been deemed liquid by the Board of Trustees (the “Trustees”), held at March 31, 2009, is as follows:
 
 
                                                                                            Security
                       Acquisition Date
                       Acquisition Cost
                    Market Value
 
 
Florida State Department of Corrections, Custodial Receipts, 3.00%, 9/10/2009
2/27/2004
$125,000
$125,126
 
 
Geisinger Authority, PA Health System, DRIVERs (Series 1834), 2.747% (Geisinger Health System), 2/1/2015
5/1/2007 – 10/10/2008
$4,446,661
$1,395,997
 
2
Current rate and next reset date shown for Variable Rate Demand Notes.
3
At March 31, 2009, the cost of investments for federal tax purposes was $221,542,535. The net unrealized depreciation of investments for federal tax purposes was $2,972,359. This consists of net unrealized appreciation from investments for those securities having an excess of value over cost of $3,096,292 and net unrealized depreciation from investments for those securities having an excess of cost over value of $6,068,651.
4
Assets, other than investment in securities, less liabilities.

Note:           The categories of investments are shown as a percentage of total net assets at March 31, 2009.
 
Investment Valuation
 
In calculating its net asset value (NAV), the Fund generally values investments as follows:
 
·  
Fixed-income securities acquired with remaining maturities greater than 60 days are fair valued using price evaluations provided by a pricing service approved by the Trustees.
·  
Fixed-income securities acquired with remaining maturities of 60 days or less are valued at their cost (adjusted for the accretion of any discount or amortization of any premium).
·  
Shares of other mutual funds are valued based upon their reported NAVs.
·  
Derivative contracts listed on exchanges are valued at their reported settlement or closing price.
·  
Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Trustees.
 
If the Fund cannot obtain a price or price evaluation from a pricing service for an investment, the Fund may attempt to value the investment based upon the mean of bid and asked quotations or fair value the investment based on price evaluations, from one or more dealers. If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could purchase or sell an investment at the price used to calculate the Fund’s NAV.
 
 
Fair Valuation and Significant Events Procedures
 
The Trustees have authorized the use of pricing services to provide evaluations of the current fair value of certain investments for purposes of calculating the NAV. Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers, and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a “bid” evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and asked for the investment (a “mid” evaluation). The Fund normally uses bid evaluations for U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for other types of fixed-income securities and OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Trustees.
 
The Trustees also have adopted procedures requiring an investment to be priced at its fair value whenever the Adviser determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment’s value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:
 
·  
With respect to price evaluations of fixed-income securities determined before the close of regular trading on the NYSE, actions by the Federal Reserve Open Market Committee and other significant trends in U.S. fixed-income markets;
 
 
·  
Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded; and
 
·  
Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.
 
The Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Fund will determine the fair value of the investment using another method approved by the Trustees.
 
 
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels listed below:

·  
Level 1 – quoted prices in active markets for identical securities
·  
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
·  
Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used, as of March 31, 2009, in valuing the Fund’s assets carried at fair value:

 
Valuation Inputs
Investments in
Securities
Level 1 – Quoted Prices and Investments in Mutual Funds
$                 ---
Level 2 – Other Significant Observable Inputs
$ 218,570,176
Level 3 – Significant Unobservable Inputs
---
    Total
$ 218,570,176

The following acronyms are used throughout this portfolio:
 
AMBAC
--American Municipal Bond Assurance Corporation
COL
--Collateralized
CP
--Commercial Paper
DRIVERs
--Derivative Inverse Tax-Exempt Receipts
EDA
--Economic Development Authority
EDFA
-- Economic Development Financing Authority
FGIC
--Financial Guaranty Insurance Company
FSA
--Financial Security Assurance
GANs
--Grant Anticipation Notes
GO
--General Obligation
GTD
--Guaranteed
HEFA
--Health and Education Facilities Authority
HFDC
--Health Facility Development Corporation
IDA
--Industrial Development Authority
IDB
--Industrial Development Bond
IDRBs
--Industrial Development Revenue Bonds
INS
--Insured
LIQ
--Liquidity Agreement
LOC
--Letter of Credit
PCR
--Pollution Control Revenue
PCRBs
--Pollution Control Revenue Bonds
PRF
--Prerefunded
TOBs
--Tender Option Bonds
USD
--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 Short-Intermediate Duration Municipal Trust
   
By
/S/ Richard A. Novak
 
Richard A. Novak
 
Principal Financial Officer
Date
May 19, 2009
   
   
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/ John B. Fisher
 
John B. Fisher
 
Principal Executive Officer
Date
May 26, 2009
   
   
By
/S/ Richard A. Novak
 
Richard A. Novak
 
Principal Financial Officer
Date
May 19, 2009