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

4.92
Net Asset Value
0.00%
1 Day
-0.20%
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+0.99% 3 years+3.74%
3 months+1.31% 5 years+6.53%
1 year+3.64% Since inception+6.45%
Data through --

Peer Comparisonvs. High yield muni

 UMUHXCategory
Performance 5-yr return+6.53%+7.45%
Expense ratio0.90%0.99%
Risk 5 year sharpe ratio1.751.50
Net assets$865.3M$1.6B
Average market cap--$24.7B
Average P/E--3.7
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$750.00

Holdings

Fixed income97.98%
Cash2.02%
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
-- 1.80%
-- 1.42%
-- 1.41%
-- 1.33%
-- 1.30%
-- 1.15%
-- 1.06%
-- 1.05%
-- 1.03%
-- 1.03%

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