3 / 5 Stars
2 1 3 1 4
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
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.
The fund has returned -2.16 percent over the past year, 5.75 percent over the past three years, 7.88 percent over the past five years, and 4.04 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.5%|
|3 Years (Annualized)||5.8%|
|5 Years (Annualized)||7.9%|
|10 Years (Annualized)||4.0%|
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.
Fees are High compared to funds in the same category.
Waddell & Reed Advisor Municipal High-Income Fund has an expense ratio of 1.70 percent.
Risk is Low compared to funds in the same category according to Morningstar.