Waddell & Reed Advisor Municipal High-Income Fund Class A (UMUHX)

4.87
Net Asset Value
0.00%
1 Day
-1.81%
Year-to-Date
Overall Morningstar Rating
High yield muni
Style or Category
4.25
Sales Expenses
0.93%
Expense Ratio
Low
Morningstar Risk Rating™
Investment Objective The investment seeks a high level of current income that is not subject to Federal income tax. The fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in a diversified portfolio of municipal bonds. It invests substantially in municipal bonds with remaining maturities of 10 to 30 years. The fund primarily invests in revenue bonds: revenue bonds are payable only from specific sources, such as the revenue from a particular project, a special tax, lease payments and/or appropriated funds.

Performance

1 month-0.87% 3 years+4.15%
3 months-1.18% 5 years+5.62%
1 year+5.20% Since inception+6.53%
Data through --

Peer Comparisonvs. High yield muni

 UMUHXCategory
Performance 5-yr return+5.62%+6.48%
Expense ratio0.93%1.02%
Risk 5 year sharpe ratio1.371.08
Net assets$860.8M$1.6B
Average market cap--$29.4B
Average P/E--9.3
Portfolio turnover8%8%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyWaddell & Reed
Fund manager & tenureMichael Walls / 6 Years
Minimal initial investment$750.00
Minimum IRA investment--

Holdings

Fixed income87.61%
Cash12.39%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 1.83%
-- 1.40%
-- 1.40%
-- 1.35%
-- 1.30%
-- 1.14%
-- 1.09%
-- 1.04%
-- 1.03%
-- 0.91%

To view my watchlist

Not a member yet?

Sign up now for a free account