Waddell & Reed Adv Muni High-Inc B
6300 Lamar Ave P O Box 29217 Overland Park KS 66202
Map
Phone: 800-532-2749
| Category: | High Yield Muni | | Fund Family: | Waddell & Reed | | Net Assets: | 5.54M | | Year-to-Date Return: | -0.63% | | Yield: | 4.14% | | Morningstar Rating: |  | | Fund Inception Date: | 05-Oct-99 |
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Michael J. Walls
Lead Manager since
15-Aug-08 | | | Walls is vice president of WRIMCO and IICO, and has been an employee of WRIMCO since March 1999, joining the company as an investment analyst. |
| Min Initial Investment: | $500 | | Min Initial Investment, IRA: | $0 | | Min Initial Investment, AIP: | $50 | | Min Subsequent Investment: | $0 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $25 |
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| The investment seeks income exempt from federal taxation. The fund normally invests at least 80% of net assets in a diversified portfolio of tax-exempt municipal bonds. It invests primarily in bonds rated in the lower tier of investment grade (BBB by S&P and Baa by Moody's) or lower, including bonds rated below investment grade. The fund typically invests in municipal bonds with remaining maturities of 10 to 30 years. |
| Last Dividend
(27-Aug-08):
| 0.02 | | Last Cap Gain
(31-Dec-99):
| 0.00 | | Annual Holdings Turnover
| 33.00% | | Average for Category:
| 41.14% |
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| Expense | WBMHX | Category
Avg | | Total Expense Ratio: | 1.82%
| 1.15% | | Max 12b1 Fee: | 1.00%
| N/A | | Max Front End Sales Load: | 0.00%
| 4.25% | | Max Deferred Sales Load: | 5.00%
| 2.72% | | 3 Yr Expense Projection*: |
$882 | $616 | | 5 Yr Expense Projection*: |
$1,101 | $899 | | 10 Yr Expense Projection*: |
$1,947 | $1,711 |
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