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

5.01
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
0.91%
Expense Ratio
Low
Morningstar Risk Rating™
Investment Objective The investment seeks a high level of income that is not subject to Federal income tax. The fund seeks to achieve its objective by investing, during normal circumstances, at least 80% of its net assets in a diversified portfolio of tax-exempt 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+1.40% 3 years+5.81%
3 months+2.34% 5 years+6.80%
1 year+11.87% Since inception+6.59%
Data through --

Peer Comparisonvs. High yield muni

 UMUHXCategory
Performance 5-yr return+6.80%+6.63%
Expense ratio0.91%1.02%
Risk 5 year sharpe ratio1.561.22
Net assets$838.5M$1.6B
Average market cap--$38.5B
Average P/E--60.0
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 income94.68%
Cash5.32%
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
-- Louisiana Pub Facs Auth 10.5%1.51%
-- Virginia Small Busn Fing A Rev Bds 5.5%1.49%
-- Texas Private Activity Bd Surf Sr 6.875%1.45%
-- Grand Parkway Transn Corp Tex Toll 5.5%1.40%
-- La Paz Cnty Ariz Indl Dev Auth 7.8%1.34%
-- Michigan Fin Auth 8.5%1.25%
-- Mohave Cnty Ariz Indl Dev Auth 8%1.16%
-- Arizona Health Facs Auth 4.315%1.11%
-- Central Plains Engy Proj Neb Gas P 5.25%1.10%
-- Puerto Rico Elec Pwr Auth 7%0.97%

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