2 / 5 Stars
4 3 4 2 5
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#18 in High Yield Muni
U.S. News evaluated 38 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 8.39 percent over the past year, 8.65 percent over the past three years, 8.08 percent over the past five years, and 6.37 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||2.5%|
|3 Years (Annualized)||8.7%|
|5 Years (Annualized)||8.1%|
|10 Years (Annualized)||6.4%|
The investment seeks to provide a high level of current income that is not subject to federal income tax. The fund invests, during normal circumstances, at least 80% of its net assets in a diversified portfolio of tax-exempt municipal bonds. Municipal bonds are obligations the interest on which is not includable in gross income for federal income tax purposes, although a portion of such interest may be a tax preference item for purposes of the Federal alternative minimum tax (AMT) (Tax Preference Item). It typically invests in medium- and lower-quality bonds that include bonds rated BBB+ or lower.
Fees are Above Average compared to funds in the same category.
Ivy Municipal High Income Fund has an expense ratio of 0.87 percent.
Risk is Low compared to funds in the same category according to Morningstar.