N-Q 1 form.htm 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:  6/30/10


Date of Reporting Period:  Quarter ended 9/30/09







Item 1.                      Schedule of Investments

Federated Short-Intermediate Duration Municipal Trust

Portfolio of Investments

September 30, 2009 (unaudited)

Principal AmountValue
MUNICIPAL BONDS – 84.8%
Alabama – 2.9%
$650,000Health Care Authority for Baptist Health, AL, Revenue Bonds (Series 2006D), 5.00%, 11/15/2010662,194
500,000Health Care Authority for Baptist Health, AL, Revenue Bonds (Series 2006D), 5.00%, 11/15/2011514,075
550,000Health Care Authority for Baptist Health, AL, Revenue Bonds (Series 2006D), 5.00%, 11/15/2012568,315
2,000,000Mobile, AL IDB, PCRBs (Series 2007C), 5.00% TOBs (Alabama Power Co.) Mandatory Tender 3/19/20152,175,840
1,000,000Mobile, AL IDB, PCR Refunding Bonds (Series 1994A), 4.65% (International Paper Co.), 12/1/20111,010,380
1,000,000Montgomery, AL Medical Clinic Board, Health Care Facility Revenue Bonds (Series 2006), 4.50% (Jackson Hospital & Clinic, Inc.), 3/1/20121,004,450
1,000,000Montgomery, AL Medical Clinic Board, Health Care Facility Revenue Bonds (Series 2006), 4.50% (Jackson Hospital & Clinic, Inc.), 3/1/2013999,560
1,170,000Montgomery, AL Medical Clinic Board, Health Care Facility Revenue Bonds (Series 2006), 4.50% (Jackson Hospital & Clinic, Inc.), 3/1/20141,158,604
TOTAL8,093,418
Arkansas – 0.4%
1,190,000Jefferson County, AR, PCR Refunding Bonds (Series 2006), 4.60% (Entergy Arkansas, Inc.), 10/1/20171,206,862
California – 2.8%
500,000California Health Facilities Financing Authority, 5.00% (Adventist Health System/West), 3/1/2014527,450
1,445,000California Health Facilities Financing Authority, INS Revenue Bonds (Series 2006), 4.25% (California-Nevada Methodist Homes)/(GTD by California Mortgage Insurance), 7/1/20111,446,734
1,500,000California Health Facilities Financing Authority, Revenue Bonds (Series 2009B), 4.50% (St. Joseph Health System), 7/1/20131,594,590
1,500,000California Health Facilities Financing Authority, Revenue Bonds (Series 2009B), 5.00% (St. Joseph Health System), 7/1/20141,634,670
1,000,0001California Municipal Finance Authority, Solid Waste Disposal Revenue Bonds (Series 2009A), 4.90% TOBs (Waste Management, Inc.), Mandatory Tender 2/1/20101,004,790
1,500,000Golden State Tobacco Securitization Corp., CA, Tobacco Settlement Asset-Backed Bonds (Series 2007A-1), 5.00%, 6/1/20121,563,795
TOTAL7,772,029
Colorado – 5.0%
2,375,000Adonea, CO Metropolitan District No. 2, Revenue Bonds (Series 2005B), 4.375% (Compass Bank, Birmingham LOC)/(Original Issue Yield: 4.50%), 12/1/20152,304,866
115,000Beacon Point, CO Metropolitan District, Revenue Bonds (Series 2005B), 4.375% (Compass Bank, Birmingham LOC)/(Original Issue Yield: 4.50%), 12/1/2015112,490
1,770,000Colorado Health Facilities Authority, Health Facilities Revenue Bonds (Series 2004A), 5.00% (Evangelical Lutheran Good Samaritan Society), 6/1/20101,788,850
500,000Colorado Health Facilities Authority, Revenue Bonds (Series 2005), 5.00% (Covenant Retirement Communities, Inc.), 12/1/2010506,555
1,300,000Colorado Health Facilities Authority, Revenue Bonds (Series 2005), 5.00% (Covenant Retirement Communities, Inc.), 12/1/20111,323,361
2,135,000Colorado Health Facilities Authority, Revenue Bonds (Series 2005), 5.00% (Covenant Retirement Communities, Inc.), 12/1/20122,180,497
2,700,000Denver, CO Convention Center Hotel Authority, Senior Refunding Revenue Bonds, 5.00% (Syncora Guarantee, Inc. INS), 12/1/20102,747,439
2,705,000Denver, CO Convention Center Hotel Authority, Senior Refunding Revenue Bonds, 5.00% (Syncora Guarantee, Inc. INS), 12/1/20112,772,409
TOTAL13,736,467
Connecticut – 1.0%
2,630,000Connecticut State, Refunding UT GO Bonds (Series 2001E), 5.00%, 11/15/20112,864,307
Delaware – 0.2%
635,000Delaware Health Facilities Authority, Revenue Bonds (Series 2005A), 5.00% (Beebe Medical Center), 6/1/2010641,807
District of Columbia – 1.2%
$2,000,000District of Columbia Revenue Bonds, University Refunding Revenue Bonds (Series 2009A), 5.00% (Georgetown University), 4/1/20152,201,520
1,000,000District of Columbia, Ballpark Revenue Bonds (Series 2006B-1), 5.00% (FGIC and National Public Finance Guarantee Corporation INS), 2/1/20121,035,600
TOTAL3,237,120
Florida – 4.6%
2,000,000Citizens Property Insurance Corp. FL, Senior Secured Bonds (Series 2009A-2), 4.50%, 6/1/20102,026,800
1,000,000Halifax Hospital Medical Center, FL, 5.00%, 6/1/20121,043,840
875,000Highlands County, FL Health Facilities Authority, Refunding Revenue Bonds (Series 2005B), 5.00% (Adventist Health System/Sunbelt Obligated Group), 11/15/2010902,213
125,000Highlands County, FL Health Facilities Authority, Refunding Revenue Bonds (Series 2005B), 5.00% (Adventist Health System/Sunbelt Obligated Group)/(Escrowed In Treasuries COL), 11/15/2010131,151
2,000,000Miami-Dade County, FL Transit System, Sales Surtax Revenue Bonds (Series 2006), 5.00% (Syncora Guarantee, Inc. INS), 7/1/20102,059,320
3,445,000Miami-Dade County, FL Transit System, Sales Surtax Revenue Bonds (Series 2006), 5.00% (Syncora Guarantee, Inc. INS), 7/1/20113,630,892
1,000,000Orlando, FL, Senior Tourist Development Tax Revenue Bonds (Series 2008A), 5.00% (6th Cent Contract Payments)/(Assured Guaranty Corp. INS), 11/1/20131,111,520
1,000,000Orlando, FL, Senior Tourist Development Tax Revenue Bonds (Series 2008A), 5.00% (6th Cent Contract Payments)/(Assured Guaranty Corp. INS), 11/1/20141,121,270
640,000Volusia County, FL Education Facility Authority, Educational Facilities Refunding Revenue Bonds (Series 2005), 5.00% (Embry-Riddle Aeronautical University, Inc.)/(Radian Asset Assurance, Inc. INS), 10/15/2011660,410
TOTAL12,687,416
Georgia – 8.1%
3,000,000Atlanta, GA Water & Wastewater, Revenue Bonds (Series 1999A), 5.50% (FGIC and National Public Finance Guarantee Corporation INS), 11/1/20123,275,730
3,000,000Burke County, GA Development Authority, PCRBs (Fifth Series 1994), 4.375% TOBs (Georgia Power Co.), Mandatory Tender 4/1/20103,043,050
2,100,000Burke County, GA Development Authority, PCRBs (Series 2007E), 4.75% TOBs (Oglethorpe Power Corp.)/(National Public Finance Guarantee Corporation INS), Mandatory Tender 4/1/20112,183,643
5,000,000Clarke County, GA School District, GO Bonds (Series 2007), 5.00% (GTD by Georgia State), 9/1/20105,207,000
935,000Coffee County, GA Hospital Authority, Refunding Revenue Bonds, 5.00% (Coffee Regional Medical Center, Inc.), 12/1/2010949,623
2,000,000Georgia State Road and Tollway Authority, Federal Highway Grant Anticipation Revenue Bonds (Series 2009-A), 5.00%, 6/1/20122,198,600
2,000,000Monroe County, GA Development Authority, PCRBs (First Series 1995), 4.50% TOBs (Georgia Power Co.), Mandatory Tender 4/1/20112,072,300
1,000,000Municipal Electric Authority of Georgia, Project One Subordinated Bonds (Series 2008A), 5.00%, 1/1/20121,072,610
2,000,000Public Gas Partners, Inc., GA, Gas Project Revenue Bonds (Gas Supply Pool No. 1 Series 2009A), 5.00%, 10/1/20152,218,240
TOTAL22,220,796
Illinois – 3.4%
2,000,000Chicago, IL Water Revenue, Second Lien Water Refunding Revenue Bonds (Series 2008), 5.00% (FSA INS), 11/1/20152,295,220
3,000,000Illinois Development Finance Authority, Adjustable-Rate Gas Supply Refunding Revenue Bonds (Series 2003B), 3.75% TOBs (Peoples Gas Light & Coke Co.) Mandatory Tender 2/1/20123,008,670
250,000Illinois Finance Authority, Revenue Refunding Bonds (Series 2006A), 5.00% (Lutheran Hillside Village), 2/1/2010251,265
760,000Illinois Finance Authority, Revenue Refunding Bonds (Series 2006A), 5.00% (Lutheran Hillside Village), 2/1/2011772,418
800,000Illinois Finance Authority, Revenue Refunding Bonds (Series 2006A), 5.00% (Lutheran Hillside Village), 2/1/2012818,704
1,200,000Quincy, IL, Revenue Refunding Bonds (Series 2007), 5.00% (Blessing Hospital), 11/15/20101,223,988
1,000,000Quincy, IL, Revenue Refunding Bonds (Series 2007), 5.00% (Blessing Hospital), 11/15/20111,030,420
TOTAL9,400,685
Indiana – 2.4%
815,000Indiana Health & Educational Facility Financing Authority, Revenue Bonds (Series 2005), 5.00% (Baptist Homes of Indiana), 11/15/2009816,540
860,000Indiana Health & Educational Facility Financing Authority, Revenue Bonds (Series 2005), 5.00% (Baptist Homes of Indiana), 11/15/2010873,184
1,000,000Indiana Health Facility Financing Authority, Hospital Revenue Refunding Bonds (Series 2006B), 5.00% (Clarian Health Obligated Group), 2/15/20101,009,190
1,270,000Indiana State Finance Authority, Environmental Facilities Refunding Revenue Bonds (Series 2009B), 4.90% (Indianapolis, IN Power & Light Co.), 1/1/20161,339,799
1
$1,000,000Jasper County, IN, PCR Refunding Bonds (Series 1994B), 5.20% (Northern Indiana Public Service Company)/(National Public Finance Guarantee Corporation INS), 6/1/20131,062,090
1,500,000St. Joseph County, IN, Variable Rate Educational Facilities Revenue Bonds (Series 2005), 3.875% TOBs (University of Notre Dame), Mandatory Tender 3/1/20121,566,225
TOTAL6,667,028
Iowa – 0.7%
1,000,000Iowa Finance Authority, Health Facilities Development Revenue Refunding Bonds (Series 2006A), 5.25% (Care Initiatives), 7/1/2011992,990
1,000,000Iowa Finance Authority, PCR Refunding Bonds (Series 2005), 5.00% (Interstate Power and Light Co.)/(FGIC INS), 7/1/20141,072,800
TOTAL2,065,790
Kansas – 2.2%
350,000Lawrence, KS, Hospital Revenue Bonds (Series 2006), 5.00% (Lawrence Memorial Hospital), 7/1/2012367,118
2,105,000Saline County, KS USD No. 305, Refunding & Improvement UT GO Bonds, 5.25% (FSA INS), 9/1/20102,197,431
3,165,000Wichita, KS Water & Sewer Utility, Refunding Revenue Bonds (Series 2005A), 5.00% (FGIC and National Public Finance Guarantee Corporation INS), 10/1/20113,402,312
TOTAL5,966,861
Louisiana – 1.5%
4,000,000Louisiana State Citizens Property Insurance Corp., Assessment Revenue Bonds (Series 2006B), 5.25% (AMBAC INS), 6/1/20104,067,920
Massachusetts – 3.3%
1,500,000Berkshire, MA Regional Transportation Authority, 2.75% RANs (GTD by Commonwealth of Massachusetts), 9/10/20101,513,395
1,000,000Massachusetts HEFA, Revenue Bonds (Series 2008 T-2), 4.10% TOBs (Northeastern University), Mandatory Tender 4/19/20121,019,470
6,000,000Massachusetts State HFA, Construction Loan Notes (Series 2009D), 5.00%, 9/1/20126,478,800
TOTAL9,011,665
Michigan – 2.4%
750,000Michigan State Hospital Finance Authority, Hospital Revenue and Refunding Bonds (Series 2006A), 5.00% (Henry Ford Health System, MI), 11/15/2012782,618
1,000,000Michigan State Trunk Line, Revenue Bonds, 5.00% (FGIC and National Public Finance Guarantee Corporation INS), 11/1/20101,044,160
1,000,000Michigan State Trunk Line, Revenue Bonds, 5.25% (FGIC INS)/(National Public Finance Guarantee Corporation LOC), 11/1/20131,134,460
500,000Western Townships MI, Utilities Authority, Sewage Disposal System Refunding LT GO Bonds (Series 2009), 3.00%, 1/1/2011509,600
2,000,000Western Townships MI, Utilities Authority, Sewage Disposal System Refunding LT GO Bonds (Series 2009), 3.00%, 1/1/20122,053,280
1,000,000Western Townships MI, Utilities Authority, Sewage Disposal System Refunding LT GO Bonds (Series 2009), 4.00%, 1/1/20131,059,810
TOTAL6,583,928
Minnesota – 3.5%
5,740,000Chaska, MN ISD No.112, UT GO Bonds, 4.00% (GTD by Minnesota State), 2/1/20156,354,984
2,000,000Nobles County, MN, UT GO Temporary Water System Bonds (Series 2009C), 3.00% (GTD by Minnesota State), 8/1/20122,099,960
270,000St. Paul, MN Housing & Redevelopment Authority, Health Care Facility Revenue Bonds (Series 2006), 5.00% (HealthPartners Obligated Group), 5/15/2010273,199
300,000St. Paul, MN Housing & Redevelopment Authority, Health Care Facility Revenue Bonds (Series 2006), 5.00% (HealthPartners Obligated Group), 5/15/2011307,065
300,000St. Paul, MN Housing & Redevelopment Authority, Health Care Facility Revenue Bonds (Series 2006), 5.00% (HealthPartners Obligated Group), 5/15/2012309,090
225,000St. Paul, MN Housing & Redevelopment Authority, Health Care Revenue Bonds (Series 2005), 5.00% (Gillette Children's Specialty Healthcare), 2/1/2012230,564
TOTAL9,574,862
Mississippi – 1.2%
1,000,000Mississippi Development Bank, Wilkinson County Correctional Facility Refunding Bonds (Series 2008D), 5.00% (Mississippi State Department of Corrections), 8/1/20121,073,260
1,000,000Mississippi Development Bank, Wilkinson County Correctional Facility Refunding Bonds (Series 2008D), 5.00% (Mississippi State Department of Corrections), 8/1/20151,095,090
2
$1,000,000Mississippi Hospital Equipment & Facilities Authority, Revenue Bonds (Series 2007A), 5.00% (Mississippi Baptist Health Systems, Inc.), 8/15/20101,017,080
TOTAL3,185,430
Missouri – 1.9%
1,670,000Missouri State Environmental Improvement & Energy Resources Authority, PCR Refunding Bonds (Series 2008), 4.375% TOBs (Associated Electric Cooperative, Inc.), Mandatory Tender 3/1/20111,724,075
1,125,000Missouri State HEFA, Senior Living Facilities Revenue Bonds (Series 2007A), 5.00% (Lutheran Senior Services), 2/1/20111,140,840
1,185,000Missouri State HEFA, Senior Living Facilities Revenue Bonds (Series 2007A), 5.00% (Lutheran Senior Services), 2/1/20121,207,669
1,240,000Missouri State HEFA, Senior Living Facilities Revenue Bonds (Series 2007A), 5.00% (Lutheran Senior Services), 2/1/20131,263,969
TOTAL5,336,553
Nebraska – 0.8%
730,000Lancaster County, NE Hospital Authority No. 1, 5.00% (BryanLGH Health System), 6/1/2012769,851
700,000Lancaster County, NE Hospital Authority No. 1, Hospital Refunding Revenue Bonds, 4.00% (BryanLGH Health System), 6/1/2010709,107
725,000Lancaster County, NE Hospital Authority No. 1, Hospital Revenue Bonds, 4.00% (BryanLGH Health System), 6/1/2011741,610
TOTAL2,220,568
Nevada – 0.5%
1,000,000Clark County, NV, IDRBs (Series 2003C), 5.45% TOBs (Southwest Gas Corp.), Mandatory Tender 3/1/20131,032,640
425,000Henderson, NV, Health Facility Revenue Bonds (Series 2007B), 5.00% (Catholic Healthcare West), 7/1/2013453,071
TOTAL1,485,711
New Jersey – 1.1%
705,000New Jersey EDA, Revenue Refunding Bonds (Series A), 4.00% (Winchester Gardens at Ward Homestead)/(Original Issue Yield: 4.10%), 11/1/2009705,395
2,000,000New Jersey EDA, School Facilities Construction Refunding Revenue Bonds (Series 2008W), 5.00% (New Jersey State), 3/1/20142,232,700
TOTAL2,938,095
New Mexico – 1.4%
2,450,000Farmington, NM, Refunding Revenue Bonds (Series 2002A), 4.00% TOBs (El Paso Electric Co.)/(FGIC INS), Mandatory Tender 8/1/20122,451,421
1,335,000Sandoval County, NM, Incentive Payment Refunding Revenue Bonds (Series 2005), 4.00% (Intel Corp.), 6/1/20151,414,446
TOTAL3,865,867
New York – 1.9%
2,165,000Nassau County, NY, Refunding UT GO Bonds (Series 2009E), 4.00%, 6/1/20132,329,995
2,655,000New York City, NY, UT GO Bonds (Series 2005O), 5.00%, 6/1/20132,958,413
TOTAL5,288,408
North Carolina – 3.9%
1,000,000North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, 5.00% (Assured Guaranty Corp. INS), 1/1/20131,096,970
525,000North Carolina Medical Care Commission, Health Care Facilities First Mortgage Revenue Bonds (Series 2006A), 5.00% (The Pines at Davidson), 1/1/2010528,013
315,000North Carolina Medical Care Commission, Health Care Facilities First Mortgage Revenue Bonds (Series 2006A), 5.00% (The Pines at Davidson), 1/1/2011322,362
725,000North Carolina Medical Care Commission, Health Care Facilities First Mortgage Revenue Bonds (Series 2006A), 5.00% (The Pines at Davidson), 1/1/2012749,599
3,000,000North Carolina State, UT GO Bonds (Series 2003), 5.00%, 5/1/20123,314,520
2,000,000North Carolina State, UT GO Bonds (Series 2006A), 5.00%, 6/1/20142,313,520
2,000,000Wake County, NC, Public Improvement UT GO Bonds, 5.00%, 3/1/20152,338,040
TOTAL10,663,024
Ohio – 4.6%
2,000,000Buckeye Tobacco Settlement Financing Authority, OH, Tobacco Settlement Asset-Backed Bonds (Series 2007A-2), 5.00%, 6/1/20142,087,780
1,170,000Lucas County, OH, Adjustable Rate Demand Health Care Facilities Revenue Bonds (Series 2002), 3.75% TOBs (Franciscan Care Center), Optional Tender 3/1/20111,171,919
2,000,000Ohio Air Quality Development Authority, PCR Refunding Bonds (Series 2009-A), 5.70% (FirstEnergy Generation Corp.), 2/1/20142,168,540
3
$2,000,000Ohio State Air Quality Development Authority, Air Quality Revenue Refunding Bonds (Series 2009A), 3.875% TOBs (Columbus Southern Power Company), Mandatory Tender 6/1/20142,041,760
1,820,000Ohio State Air Quality Development Authority, PCRBs (Series 2008B), 3.375% TOBs (FirstEnergy Nuclear Generation Corp.), Mandatory Tender 10/1/20091,823,385
3,000,000Ohio State University, 5.00%, 12/1/20133,410,400
TOTAL12,703,784
Oklahoma – 3.3%
5,000,000Grand River Dam Authority, OK, Refunding Revenue Bonds (Series 2002A), 5.00% (FSA INS), 6/1/20125,481,250
960,000Oklahoma Development Finance Authority, Hospital Revenue Refunding Bonds (Series 2004), 5.00% (Unity Health Center), 10/1/2009960,067
2,500,000Tulsa County, OK Industrial Authority, Educational Facilities Lease Revenue Bonds (Series 2006), 5.00% (Owasso Public Schools)/(Assured Guaranty Corp. INS), 9/1/20102,582,650
TOTAL9,023,967
Pennsylvania – 3.4%
315,000Allegheny County, PA IDA, Lease Revenue Bonds (Series 2006), 4.50% (Residential Resources Inc. Project), 9/1/2011320,320
865,000Erie, PA Higher Education Building Authority, College Revenue Refunding Bonds (Series 2004A), 3.70% (Mercyhurst College)/(Original Issue Yield: 3.79%), 3/15/2010868,270
220,000Erie, PA Higher Education Building Authority, College Revenue Refunding Bonds (Series 2004B), 3.70% (Mercyhurst College)/(Original Issue Yield: 3.79%), 3/15/2010220,832
1,115,000Lebanon County, PA Health Facilities Authority, Hospital Revenue Bonds, 4.00% (Good Samaritan Hospital), 11/15/20091,114,777
2,000,000Pennsylvania EDFA, PCR Refunding Bonds (Series 2008), 4.85% TOBs (PPL Electric Utilities Corp.), Mandatory Tender 10/1/20102,036,280
820,000Pennsylvania State Higher Education Facilities Authority, Revenue Bonds (Series 2004A), 5.00% (Philadelphia University), 6/1/2011847,158
1,000,000Pennsylvania State Higher Education Facilities Authority, Revenue Bonds (Series 2008B), 5.00% (University of Pennsylvania Health System), 8/15/20131,094,660
1,780,000Pennsylvania State Turnpike Commission, Turnpike Subordinate Revenue Bonds (Series 2009A), 3.00% (Assured Guaranty Corp. INS), 6/1/20111,838,170
955,000Philadelphia, PA Authority for Industrial Development, Adjustable Rate Revenue Bonds (Series 2003B), 4.75% TOBs (Cathedral Village), Optional Tender 4/1/2011938,622
TOTAL9,279,089
Rhode Island – 0.6%
1,600,000Rhode Island State Health and Educational Building Corp., Hospital Financing Revenue Refunding Bonds (Series 2006A), 5.00% (Lifespan Obligated Group), 5/15/20111,639,968
South Carolina – 2.8%
2,000,000Richland County, SC, Environmental Improvement Revenue & Refunding Bonds (Series 2007A), 4.60% (International Paper Co.), 9/1/20122,018,960
5,960,000South Carolina Jobs-EDA, Hospital Revenue Bonds, Floating Rate Notes, 1.15% (Palmetto Health Alliance), 8/1/2013 Mandatory Tender5,608,360
TOTAL7,627,320
Texas – 3.3%
1,000,000Austin, TX, Hotel Occupancy, 5.625% (United States Treasury PRF 11/15/2009@100)/(Original Issue Yield: 5.71%), 11/15/20191,006,580
2,000,000Harris County, TX Cultural Education Facilities Finance Corp., Revenue Bonds (Series 2008B0, 5.25% (Methodist Hospital, Harris County, TX), 12/1/20142,252,680
1,000,000Houston, TX Airport System, Senior Lien Revenue & Refunding Bonds (Series 2009A), 5.00%, 7/1/20151,124,020
1,000,000Johnson County, TX, UT GO, 5.00% (United States Treasury PRF 2/15/2010@100), (Original Issue Yield: 4.85%), 2/15/20161,017,520
635,000Texas Municipal Gas Acquisition & Supply Corp. II, Gas Supply Revenue Bonds (Series 2007A), 0.60%, 9/15/2010625,475
2,000,000Texas State Transportation Commission, Mobility Fund Revenue Bonds (Series 2006), 5.00% (Texas State), 4/1/20122,196,980
1,000,000Titus County, TX Fresh Water Supply District No. 1, PCR Revenue Refunding Bonds (Series 2008), 4.50% (Southwestern Electric Power Co.), 7/1/20111,025,730
TOTAL9,248,985
4
Utah – 0.8%
$1,000,000Intermountain Power Agency, UT, Subordinated Power Supply Revenue Refunding Bonds (Series 2008A), 5.25%, 7/1/20131,121,720
1,000,000Intermountain Power Agency, UT, Subordinated Power Supply Revenue Refunding Bonds (Series 2008A), 5.50%, 7/1/20141,117,250
TOTAL2,238,970
Virginia – 2.9%
2,000,000Louisa, VA IDA, PCR Refunding Bonds (Series 2008C), 5.00% TOBs (Virginia Electric & Power Co.), Mandatory Tender 12/1/20112,101,880
1,000,000Virginia Peninsula Port Authority, Revenue Refunding Bonds (Series 2003), 5.00% TOBs (Dominion Terminal Associates)/(GTD by Dominion Resources, Inc.), Mandatory Tender 10/1/20111,021,770
3,000,000Virginia State, Refunding UT GO Bonds (Series 2004B), 5.00%, 6/1/20123,325,350
1,430,000York County, VA EDA, PCR Refunding Bonds (Series 2009A), 4.05% TOBs (Virginia Electric & Power Co.), Mandatory Tender 5/1/20141,495,952
TOTAL7,944,952
Washington – 2.8%
2,170,000Chelan County, WA Public Utility District No. 1, Consolidated System Subordinate Revenue Notes (Series 2008A), 5.00%, 7/1/20132,418,747
2,500,000Energy Northwest, WA, Project 1 Electric Revenue Refunding Bonds (Series 2006A), 5.00%, 7/1/20102,585,950
750,000Washington State Higher Education Facilities Authority, Revenue Refunding Bonds (Series 2006), 5.00% (Pacific Lutheran University)/(Radian Asset Assurance, Inc. INS), 11/1/2009751,568
890,000Washington State Higher Education Facilities Authority, Revenue Refunding Bonds (Series 2006), 5.00% (Pacific Lutheran University)/(Radian Asset Assurance, Inc. INS), 11/1/2010912,517
1,105,000Washington State Higher Education Facilities Authority, Revenue Refunding Bonds (Series 2006), 5.00% (Pacific Lutheran University)/(Radian Asset Assurance, Inc. INS), 11/1/20121,166,305
TOTAL7,835,087
West Virginia – 0.4%
1,000,000West Virginia EDA, PCR Refunding Bonds (Series 2008C), 4.85% TOBs (Appalachian Power Co.), Mandatory Tender 9/4/20131,042,850
Wisconsin – 0.3%
350,000Wisconsin State HEFA, Revenue Bonds, (Series 2006A), 5.00% (Marshfield Clinic), 2/15/2012361,487
425,000Wisconsin State HEFA, Revenue Bonds, (Series 2006A), 5.00% (Marshfield Clinic), 2/15/2013441,647
TOTAL803,134
Wyoming – 1.3%
3,650,000Albany County, WY, PCRBs (Series 1985), 4.00% TOBs (Union Pacific Railroad Co.)/(GTD by Union Pacific Corp.), Optional Tender 12/1/20093,657,775
TOTAL MUNICIPAL BONDS
(IDENTIFIED COST $228,461,597)		233,828,498
Short-term MUNICIPALS  – 17.7%;2
California – 1.8%
5,000,000California State, GO Tax Exempt Notes, 0.70% CP (Bayerische Landesbank, CALPERS (California Public Employees Retirement System), CALSTRS (California State Teachers' Retirement System), Calyon, Paris, Dexia Credit Local, Landesbank Hessen-Thueringen, Royal Bank of Canada, Montreal and Wells Fargo Bank, N.A. LOCs), Mandatory Tender 10/9/20095,000,000
Florida – 5.2%
8,440,000Lakeland, FL Energy Systems, (Series 2008 B) Daily VRDNs (SunTrust Bank LOC), 0.410%, 10/1/20098,440,000
4,760,000Orange County, FL IDA, (Series 2004) Weekly VRDNs (UCF Hospitality School Student Housing Foundation)/(SunTrust Bank LOC), 0.850%, 10/7/20094,760,000
1,190,000Polk County, FL IDA, (Series 2006) Daily VRDNs (Winter Haven Hospital, Inc.)/ SunTrust Bank LOC), 0.410%, 10/1/20091,190,000
TOTAL14,390,000
Maryland – 0.6%
1,500,000Maryland State Economic Development Corp., (Series 2008B) Daily VRDNs (United States Pharmacopeial Convention, Inc.)/(Bank of America N.A. LOC), 0.300%, 10/1/20091,500,000
Michigan – 0.7%
2,000,000Michigan State Hospital Finance Authority, (Series 2007) Weekly VRDNs (Henry Ford Health System, MI)/(JPMorgan Chase Bank, N.A. LOC), 0.250%, 10/7/20092,000,000
5
Mississippi – 3.6%
$5,000,000Mississippi Business Finance Corp., (Series 2008) Weekly VRDNs (200 Renaissance, LLC)/(Regions Bank, Alabama LOC), 1.600%, 10/1/20095,000,000
4,780,000Mississippi Development Bank, (Series 2008) Weekly VRDNs (Mississippi Convention Center)/(Regions Bank, Alabama LOC), 1.600%, 10/1/20094,780,000
TOTAL9,780,000
New York – 1.0%
2,050,000New York City, NY Transitional Finance Authority, New York City Recovery Bonds (2003 Subseries 1-D) Daily VRDNs (GTD by Landesbank Hessen-Thueringen LIQ), 0.280%, 10/1/20092,050,000
700,000New York City, NY, (Fiscal 2008 Subseries L-5) Daily VRDNs (Dexia Credit Local LIQ), 0.310%, 10/1/2009700,000
TOTAL2,750,000
Ohio – 1.1%
3,100,000Franklin County, OH Hospital Facility Authority, (Series 2008E) Weekly VRDNs (Nationwide Children's Hospital)/(JPMorgan Chase Bank, N.A. LIQ), 0.350%, 10/1/20093,100,000
Pennsylvania – 1.0%
1,855,000Philadelphia, PA Authority for Industrial Development, (Series 2007A) Daily VRDNs (Fox Chase Cancer Center)/(Citizens Bank of Pennsylvania LOC), 0.450%, 10/1/20091,855,000
700,000Philadelphia, PA Hospitals & Higher Education Facilities Authority, (Series 2002-B) Daily VRDNs (Children's Hospital of Philadelphia)/(JPMorgan Chase Bank, N.A. LIQ), 0.270%, 10/1/2009700,000
TOTAL2,555,000
Rhode Island – 0.9%
2,530,000Rhode Island State Health and Educational Building Corp., (Series 2002) Weekly VRDNs (Paul Cuffee School)/(RBS Citizens Bank N.A. LOC), 1.750%, 10/7/20092,530,000
West Virginia – 1.8%
5,000,000Cabell County, WV, (Series 2007A) Weekly VRDNs (MSH-Marshall LLC)/(Regions Bank, Alabama LOC), 1.600%, 10/1/20095,000,000
TOTAL SHORT-TERM MUNICIPALS
(AT AMORTIZED COST)		48,605,000
TOTAL INVESTMENTS — 102.5%
(IDENTIFIED COST $277,066,597)3		$282,433,498
OTHER ASSETS AND LIABILITIES - NET — (2.5)%4(6,789,371)
TOTAL NET ASSETS — 100%$275,644,127
  • On September 30, 2009, the fund held no securities that were subject to the federal alternative minimum tax (AMT).
  • 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 September 30, 2009, is as follows:
SecurityAcquisition DateAcquisition CostMarket Value
California Municipal Finance Authority, Solid Waste Disposal Revenue Bonds (Series 2009A), 4.90% TOBs (Waste Management, Inc.), Mandatory Tender 2/1/20103/4/2009$1,000,000$1,004,790
2Current rate and next reset date shown for Variable Rate Demand Notes.
3At September 30, 2009, the cost of investments for federal tax purposes was $277,055,591. The net unrealized appreciation of investments for federal tax purposes was $5,377,907. This consists of net unrealized appreciation from investments for those securities having an excess of value over cost of $5,787,258 and net unrealized depreciation from investments for those securities having an excess of cost over value of $409,351.
4Assets, other than investments in securities, less liabilities.
  • Note: The categories of investments are shown as a percentage of total net assets at September 30, 2009.
6
  • 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.
7
    • The following is a summary of the inputs used, as of September 30, 2009, in valuing the Fund's assets carried at fair value:
    Valuation Inputs
    Level 1 - 
    Quoted
    Prices and
    Investments in
    Mutual Funds    		Level 2 - 
    Other
    Significant
    Observable
    Inputs    		Level 3 - 
    Significant
    Unobservable
    Inputs    		Total
    Debt Securities:
    Municipal Bonds$ — $233,828,498$ — $233,828,498
    Short-Term Municipals  —  48,605,000  —  48,605,000
    TOTAL SECURITIES$ — $282,433,498$ — $282,433,498
    • The following acronyms are used throughout this portfolio:
    AMBAC — American Municipal Bond Assurance Corporation
    COL — Collateralized
    CP — Commercial Paper
    EDA — Economic Development Authority
    EDFA — Economic Development Finance Authority
    FGIC — Financial Guaranty Insurance Company
    FSA — Financial Security Assurance
    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
    LIQ — Liquidity Agreement
    LOC(s) — Letter(s) of Credit
    PCR — Pollution Control Revenue
    PCRBs — Pollution Control Revenue Bonds
    PRF — Pre-refunded
    RANs — Revenue Anticipation Notes
    TOBs — Tender Option Bonds
    USD — Unified School District
    UT — Unlimited Tax
    VRDNs — Variable Rate Demand Notes

    8


    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
    November 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/ J. Christopher Donahue
     
    J. Christopher Donahue
     
    Principal Executive Officer
    Date
    November 19, 2009
       
       
    By
    /S/ Richard A. Novak
     
    Richard A. Novak
     
    Principal Financial Officer
    Date
    November 19, 2009