Sector Allocation - WMBAX
as of 05/31/2013
| Basic Materials | -- | |
|---|---|---|
| Consumer Cyclical | -- | |
| Financial Services | -- | |
| Real Estate | -- | |
| Consumer Defensive | -- | |
| Healthcare | -- | |
| Utilities | -- | |
| Communication Services | -- | |
| Energy | -- | |
| Industrials | -- | |
| Technology | -- |
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WMBAX:NASDAQ
Ivy Municipal Bond Fund Class A – WMBAX Fund Overview
| Last Price | Today's Change | 52-Week Range | Trading Volume |
|---|---|---|---|
| 11.96 | -0.02 (-0.17%) | 11.96 - 12.40 | 0.0 |
Market data as of 6:06PM 06/19/13. Quotes are delayed by at least 15 min.
Overview - WMBAX
The investment seeks to provide the level of current income consistent with preservation of capital and that is not subject to Federal income tax. The fund invests during normal circumstances, at least 80% of its net assets in tax-exempt municipal bonds, mainly of investment grade and of any maturity. 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). Investment grade debt securities include debt securities rated BBB- or higher.
Growth of $10,000 (10 Years)
| Total Return | 5.09% |
|---|---|
| Yield (Trailing 12 Mo.) | 2.68% |
| Expense Ratio | 1.06% |
| Front Load | 4.25% |
| Deferred Load | None |
| Minimum Investment | $500.00 |
| Management Tenure | 5 Years |
| Fund Inception | 09/15/2000 |
Trailing Total Returns - WMBAX
as of 05/31/2013
| Timeframe | WMBAX | S&P 500 | Muni National Long |
|---|---|---|---|
| 1 Month | -0.91% | 2.34% | -1.33% |
| 3 Month | -0.33% | 8.22% | -0.78% |
| Year-to-Date | 0.48% | 15.37% | 0.14% |
| 1 Year | 3.22% | 27.28% | 3.80% |
| 3 Year | 5.69% | 16.87% | 5.88% |
| 5 Year | 5.89% | 5.43% | 5.29% |
| 10 Year | 4.29% | 7.58% | 4.14% |
| Since Inception | 5.09% | 10.42% | -- |
Asset Allocation - WMBAX
as of 05/31/2013
| By Percent | Short | 0% | Long | Net | |
|---|---|---|---|---|---|
| Stock | -- | 0.00 | 0.00 | ||
| Bond | -- | 97.72 | 97.72 | ||
| Other | -- | 0.00 | 0.00 | ||
| Foreign Stock | -- | 0.00 | 0.00 | ||
| Foreign Bond | -- | 0.00 | 0.00 | ||
| Total | -- | 97.72 | 97.72 | ||
| Cash | -- | 2.28 | 2.28 | ||
| Total Net Assets | $173.59M |
|---|---|
| Total Stock Holdings | 0 |
| Total Bond Holdings | 240 |
Bond Credit Quality - WMBAX
as of 05/31/2013
| AAA | 2.04% | |
|---|---|---|
| AA | 29.37% | |
| A | 36.60% | |
| BBB | 22.90% |
| BB | 1.50% | |
|---|---|---|
| B | 0.00% | |
| Below B | 0.02% | |
| Not Rated | 7.57% |
Top Ten Holdings - WMBAX
as of 05/31/2013
| Company | YTD Return | % of Assets |
|---|---|---|
| Mississippi Busn Fin Corp Var Rate | -- | 4.90% |
| Irvine Calif Uni Sch Dist | -- | 2.89% |
| Fremont Calif Ctfs Partn Var Cops 0.24% | -- | 2.33% |
| Texas Transn Commn Cent Tex Tp Fir 1.25% | -- | 1.49% |
| California Health Facs Fing Au Rev Bds | -- | 1.48% |
| California St Go Bds 5% | -- | 1.34% |
| New Jersey Econ Dev Auth | -- | 1.18% |
| Bartow Cnty Ga Dev Auth | -- | 1.18% |
| California St Var Purp 5.25% | -- | 1.05% |
| New Orleans La Go Ref Bd 5% | -- | 1.02% |
Valuation & Growth - WMBAX
as of 05/31/2013
| Valuation | WMBAX | 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 - WMBAX, 3 Year
| Rate Sensitivity | |||
|---|---|---|---|
| High | |||
| Mid | |||
| Low | |||
 |  |  |
| Rating | vs Category | |
|---|---|---|
| Overall |  | |
| Risk | Low | |
| Return | Below Avg |
Key: Lo Hi
Tax Analysis - WMBAX, 3 Year Avg
| Pretax Return | 5.69% |
|---|---|
| Tax-adjusted Return | 4.28% |
| Tax Cost Ratio | -0.11% |
| Potential Cap Gains | 6.53% |
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