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

4.75
Net Asset Value
-0.21%
1 Day
+0.21%
Year-to-Date
Overall Morningstar Rating
High yield muni
Style or Category
4.25
Sales Expenses
0.88%
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, and lease payments and/or appropriated funds.

Performance

1 month+0.15% 3 years+3.84%
3 months+1.36% 5 years+3.80%
1 year-0.40% Since inception+6.29%
Data through --

Peer Comparisonvs. High yield muni

 UMUHXCategory
Performance 5-yr return+3.80%+4.70%
Expense ratio0.88%0.95%
Risk 5 year sharpe ratio0.980.87
Net assets$785.6M$1.8B
Average market cap--$24.0B
Average P/E--11.7
Portfolio turnover4%4%

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Fund Management and Purchase Info

Fund familyWaddell & Reed
Fund manager & tenureMichael Walls / 8 Years
Minimal initial investment$750.00
Minimum IRA investment--

Holdings

Fixed income99.07%
Cash0.93%
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
-- 2.02%
-- 1.52%
-- 1.42%
-- 1.41%
-- 1.29%
-- 1.28%
-- 1.22%
-- 1.18%
-- 1.12%
-- 1.12%