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
Below Average
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.


1 month+0.59% 3 years+6.37%
3 months+2.29% 5 years+7.02%
1 year+11.79% Since inception+6.58%
Data through --

Peer Comparisonvs. High yield muni

Performance 5-yr return+7.02%+8.51%
Expense ratio0.91%1.02%
Risk 5 year sharpe ratio1.411.18
Net assets$804.6M$1.5B
Average market cap--$28.0B
Average P/E----
Portfolio turnover19%19%

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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--


Fixed income98.56%
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
-- Virginia Small Busn Fing A Rev Bds 5.5%1.52%
-- Louisiana Pub Facs Auth 10.5%1.49%
-- Texas Private Activity Bd Surf Sr 6.875%1.49%
-- Grand Parkway Transn Corp Tex Toll 5.5%1.43%
-- La Paz Cnty Ariz Indl Dev Auth 7.8%1.37%
-- Michigan Fin Auth 8.5%1.29%
-- Mohave Cnty Ariz Indl Dev Auth 8%1.20%
-- Royal Oak Mich Hosp Fin Auth 8.25%1.18%
-- Arizona Health Facs Auth 4.315%1.12%
-- Central Plains Engy Proj Neb Gas P 5.25%1.10%

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