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

4.98
Net Asset Value
0.00%
1 Day
+1.01%
Year-to-Date
Overall Morningstar Rating
High yield muni
Style or Category
4.25
Sales Expenses
0.90%
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+0.40% 3 years+7.47%
3 months+1.97% 5 years+6.06%
1 year+6.71% Since inception+6.49%
Data through --

Peer Comparisonvs. High yield muni

 UMUHXCategory
Performance 5-yr return+6.06%+7.33%
Expense ratio0.90%0.98%
Risk 5 year sharpe ratio1.651.44
Net assets$880.4M$1.8B
Average market cap--$18.8B
Average P/E--3.5
Portfolio turnover7%7%

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Fund Management and Purchase Info

Fund familyWaddell & Reed
Fund manager & tenureMichael Walls / 7 Years
Minimal initial investment$750.00
Minimum IRA investment--

Holdings

Fixed income97.51%
Cash2.49%
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
-- 3.15%
-- 2.07%
-- 1.52%
-- 1.39%
-- 1.37%
-- 1.20%
-- 1.14%
-- 1.11%
-- 1.11%
-- 1.10%

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