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

4.78
Net Asset Value
0.00%
1 Day
+3.46%
Year-to-Date
Overall Morningstar Rating
High yield muni
Style or Category
4.25
Sales Expenses
0.91%
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.

Performance

1 month+1.12% 3 years+7.07%
3 months+3.22% 5 years+8.74%
1 year-0.80% Since inception+6.47%
Data through --

Peer Comparisonvs. High yield muni

 UMUHXCategory
Performance 5-yr return+8.74%+9.58%
Expense ratio0.91%1.03%
Risk 5 year sharpe ratio1.481.30
Net assets$751.1M$1.4B
Average market cap--$17.3B
Average P/E----
Portfolio turnover19%19%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyWaddell & Reed
Fund manager & tenureMichael Walls / 5 Years
Minimal initial investment$750.00
Minimum IRA investment--

Holdings

Fixed income98.15%
Cash1.85%
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%1.66%
-- Virginia Small Busn Fing A Rev Bds 5.5%1.47%
-- Texas Private Activity Bd Surf Sr 6.875%1.45%
-- Michigan Fin Auth 8.5%1.45%
-- Puerto Rico Elec Pwr Auth 7%1.42%
-- La Paz Cnty Ariz Indl Dev Auth 7.8%1.36%
-- Grand Parkway Transn Corp Tex Toll 5.5%1.33%
-- Mohave Cnty Ariz Indl Dev Auth 8%1.27%
-- Royal Oak Mich Hosp Fin Auth 8.25%1.15%
-- Cook Cnty Ill Rev Rev Bds 6.5%1.14%

To view my watchlist

Not a member yet?

Sign up now for a free account
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.