Ivy Municipal High Income Fund

Scorecard
1 / 5 Stars
Lipper
1 1 2 2 1
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
2 / 5 Stars
TheStreet.com
C- (Hold)

U.S. News evaluated 41 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned -4.67 percent over the past year, 5.60 percent over the past three years, 8.56 percent over the past five years, and 4.41 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 3.8%
1 Year -4.7%
3 Years (Annualized) 5.6%
5 Years (Annualized) 8.6%
10 Years (Annualized) 4.4%

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Summary

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 excludable from gross income for Federal income tax purposes, although a significant portion of such interest may be a tax preference item for purposes of the Federal alternative minimum tax. It typically invests in medium- and lower-quality bonds that include bonds rated BBB+ or lower.

Fees

Fees are High compared to funds in the same category.
Ivy Municipal High Income Fund has an expense ratio of 1.62 percent.

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Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

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