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

Net Asset Value
1 Day
Overall Morningstar Rating
High yield muni
Style or Category
Sales Expenses
Expense Ratio
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.


1 month+0.07% 3 years+3.29%
3 months+0.62% 5 years+3.48%
1 year-0.69% Since inception+6.26%
Data through --

Peer Comparisonvs. High yield muni

Performance 5-yr return+3.48%+4.48%
Expense ratio0.88%0.94%
Risk 5 year sharpe ratio0.880.79
Net assets$767.9M$1.8B
Average market cap--$24.6B
Average P/E--12.4
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--


Fixed income98.98%
U.S. stock0.00%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 5.38%
-- 2.22%
-- 1.67%
-- 1.57%
-- 1.51%
-- 1.38%
-- 1.38%
-- 1.32%
-- 1.30%
-- 1.21%