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

4.97
Net Asset Value
0.00%
1 Day
+0.20%
Year-to-Date
Overall Morningstar Rating
High yield muni
Style or Category
4.25
Sales Expenses
0.91%
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+0.12% 3 years+5.42%
3 months+1.47% 5 years+6.40%
1 year+9.87% Since inception+6.59%
Data through --

Peer Comparisonvs. High yield muni

 UMUHXCategory
Performance 5-yr return+6.40%+6.63%
Expense ratio0.91%1.02%
Risk 5 year sharpe ratio1.491.17
Net assets$868.0M$1.6B
Average market cap--$33.4B
Average P/E--12.3
Portfolio turnover8%8%

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Fund Management and Purchase Info

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

Holdings

Fixed income89.61%
Cash10.39%
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
-- 1.88%
-- 1.46%
-- 1.45%
-- 1.39%
-- 1.34%
-- 1.15%
-- 1.09%
-- 1.08%
-- 1.07%
-- 0.91%

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