Ivy Municipal High Income Fund

Scorecard
1 / 5 Stars
Lipper
1 1 2 3 1
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
TheStreet.com
D+ (Sell)

Fund Holdings

Asset Allocation

% Long % Net
Cash 0.36 0.36
Stocks 0.0 0.0
Bonds 99.64 99.64
Other 0.0 0.0
Foreign Bonds 0.0 0.0
Foreign Stocks 0.0 0.0
Convertible 0.0 0.0
Preferred 0.0 0.0

Updated 12.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 12.31.2013

% Net Assets
Massachusetts St Port Auth 2.5
La Paz Cnty Ariz Indl Dev Auth 7.8% 2.29
Pennsylvania St Tpk Commn Tpk Rev Bds 1.63
Delaware Cnty Pa Indl Dev Auth 6.125% 1.48
Kent Hosp Fin Auth 6.25% 1.47
Illinois Fin Auth 8% 1.44
Michigan Tob Settlement Fin Au To 6.875% 1.37
Texas Private Activity Bd Surf Sr Lie 7% 1.36
Texas Private Activity Bd Surf Sr 6.875% 1.3
Michigan Fin Auth 8.5% 1.3

Bond Ratings (%)

Updated 12.31.2013

Sector IYIAX
AAA 0.0
AA 1.48
A 8.44
BBB 28.81
BB 10.32
B 4.97
Below B 1.13
Other 44.85