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

4.92
Net Asset Value
0.00%
1 Day
-0.81%
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-0.63% 3 years+4.54%
3 months-0.16% 5 years+5.87%
1 year+5.95% Since inception+6.55%
Data through --

Peer Comparisonvs. High yield muni

 UMUHXCategory
Performance 5-yr return+5.87%+6.48%
Expense ratio0.93%1.02%
Risk 5 year sharpe ratio1.421.11
Net assets$866.8M$1.6B
Average market cap--$33.5B
Average P/E--10.6
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 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%

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