Sector Allocation - WBMHX
as of 04/30/2013
| Basic Materials | -- | |
|---|---|---|
| Consumer Cyclical | -- | |
| Financial Services | -- | |
| Real Estate | -- | |
| Consumer Defensive | -- | |
| Healthcare | -- | |
| Utilities | -- | |
| Communication Services | -- | |
| Energy | -- | |
| Industrials | -- | |
| Technology | -- |
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WBMHX:NASDAQ
Waddell & Reed Advisor Municipal High-Income Fund Class B – WBMHX Fund Overview
| Last Price | Today's Change | 52-Week Range | Trading Volume |
|---|---|---|---|
| 5.06 | 0.00 (0.00%) | 4.95 - 5.12 | 0.0 |
Market data as of 6:06PM 05/23/13. Quotes are delayed by at least 15 min.
Overview - WBMHX
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 typically invests in medium- and lower-quality bonds that include bonds rated BBB+ or lower. The fund invests substantially in municipal bonds with remaining maturities of 10 to 30 years. It 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.
Growth of $10,000 (10 Years)
| Total Return | 4.40% |
|---|---|
| Yield (Trailing 12 Mo.) | 3.50% |
| Expense Ratio | 1.87% |
| Front Load | None |
| Deferred Load | 5.00% |
| Minimum Investment | $500.00 |
| Management Tenure | 5 Years |
| Fund Inception | 10/05/1999 |
Trailing Total Returns - WBMHX
as of 04/30/2013
| Timeframe | WBMHX | S&P 500 | High Yield Muni |
|---|---|---|---|
| 1 Month | 0.66% | 1.93% | 1.12% |
| 3 Month | 1.00% | 7.18% | 1.21% |
| Year-to-Date | 1.48% | 12.74% | 2.24% |
| 1 Year | 6.31% | 16.89% | 9.40% |
| 3 Year | 6.73% | 12.80% | 8.38% |
| 5 Year | 5.93% | 5.21% | 5.68% |
| 10 Year | 4.89% | 7.88% | 4.94% |
| Since Inception | 4.40% | 10.38% | -- |
Asset Allocation - WBMHX
as of 04/30/2013
| By Percent | Short | 0% | Long | Net | |
|---|---|---|---|---|---|
| Stock | -- | 0.00 | 0.00 | ||
| Bond | -- | 97.68 | 97.68 | ||
| Other | -- | 1.01 | 1.01 | ||
| Foreign Stock | -- | 0.00 | 0.00 | ||
| Foreign Bond | -- | 0.00 | 0.00 | ||
| Total | -- | 98.69 | 98.69 | ||
| Cash | -- | 1.31 | 1.31 | ||
| Total Net Assets | $891.76M |
|---|---|
| Total Stock Holdings | 0 |
| Total Bond Holdings | 284 |
Bond Credit Quality - WBMHX
as of 04/30/2013
| AAA | 0.00% | |
|---|---|---|
| AA | 3.60% | |
| A | 15.16% | |
| BBB | 25.47% |
| BB | 5.79% | |
|---|---|---|
| B | 2.66% | |
| Below B | 1.11% | |
| Not Rated | 46.21% |
Top Ten Holdings - WBMHX
as of 04/30/2013
| Company | YTD Return | % of Assets |
|---|---|---|
| Michigan St Strategic Fd Ltd O Var Rev B | -- | 1.84% |
| Michigan Fin Auth 8.5% | -- | 1.28% |
| Mohave Cnty Ariz Indl Dev Auth 8% | -- | 1.17% |
| Central Plains Engy Proj Neb Gas P 5.25% | -- | 1.15% |
| New Jersey Econ Dev Auth | -- | 1.15% |
| Arizona Health Facs Auth 4.315% | -- | 1.10% |
| Royal Oak Mich Hosp Fin Auth 8.25% | -- | 1.02% |
| Cook Cnty Ill Rev Rev Bds 6.5% | -- | 1.00% |
| Tarrant Cnty Tex Cultural Ed F Rev 8.25% | -- | 0.91% |
| Mississippi Busn Fin Corp Rev Bds | -- | 0.87% |
Valuation & Growth - WBMHX
as of 04/30/2013
| Valuation | WBMHX | Category Range |
|---|---|---|
| Price/Earnings | -- | |
| Price/Book | -- | |
| Price/Sales | -- | |
| Price/Cash Flow | -- | |
| Dividend Yield | ||
| LT Earnings | ||
| Historical Earnings | ||
| Sales Growth | ||
| Cash-Flow Growth | ||
| Book-Value Growth |
Key: Lo Hi
Morningstar Summary - WBMHX, 3 Year
| Rate Sensitivity | |||
|---|---|---|---|
| High | |||
| Mid | |||
| Low | |||
 |  |  |
| Rating | vs Category | |
|---|---|---|
| Overall |  | |
| Risk | Low | |
| Return | Low |
Key: Lo Hi
Tax Analysis - WBMHX, 3 Year Avg
| Pretax Return | 6.73% |
|---|---|
| Tax-adjusted Return | 5.86% |
| Tax Cost Ratio | -0.02% |
| Potential Cap Gains | 3.54% |
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