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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-0.44% 3 years+4.55%
3 months+1.17% 5 years+4.03%
1 year+1.18% Since inception+6.30%
Data through --

Peer Comparisonvs. High yield muni

Performance 5-yr return+4.03%+5.15%
Expense ratio0.88%0.97%
Risk 5 year sharpe ratio1.060.89
Net assets$810.5M$1.7B
Average market cap--$23.4B
Average P/E--9.6
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 income99.08%
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
-- 1.91%
-- 1.45%
-- 1.36%
-- 1.36%
-- 1.25%
-- 1.24%
-- 1.24%
-- 1.08%
-- 1.06%
-- 1.06%