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UNMBX Waddell & Reed Municipal Bond A

  • Fund
  • UNMBX
  • Price as of: Dec 05, 2016
  • $7.41
  • + $0.01
  • + 0.14%
  • Category
  • National Munis

UNMBX - Profile

Vitals

  • YTD Return -2.5%
  • 3 Yr Annualized Return 4.4%
  • 5 Yr Annualized Return 4.0%
  • Net Assets $890 M
  • Holdings in Top 10 13.9%

52 WEEK LOW AND HIGH

$7.41
$7.40
$7.76

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.90%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 9.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$750

IRA

$750

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.80%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Waddell & Reed Advisor Municipal Bond Fund
  • Fund Family Name Waddell & Reed
  • Inception Date Nov 05, 1976
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Bryan J. Bailey

Fund Description

The fund invests at least 80% of its net assets in municipal bonds. It mainly invests in municipal bonds of investment grade and of any maturity. Municipal bonds are obligations issued by or on behalf of states, territories and possessions of the U.S. (including the District of Columbia, Puerto Rico, the U.S. Virgin Islands and Guam), the interest on which is excludable from gross income for Federal income tax purposes, although a portion of such interest may be a tax preference item for purposes of the Federal AMT.

UNMBX - Performance

Return Ranking - Trailing

Period UNMBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.5% -6.5% 99.4% 21.63% 2
1 Yr 3.9% -5.8% 10.7% 30.96% 2
3 Yr 4.4% * -4.5% 7.7% 34.32% 2
5 Yr 4.0% * -0.6% 7.0% 34.82% 2
10 Yr 4.5% * -0.4% 5.5% 11.97% 1

* Annualized


Return Ranking - Calendar

Period UNMBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.1% -10.9% 2.6% 21.62% 2
2014 5.3% -2.2% 12.0% 25.83% 2
2013 -6.3% -11.9% 0.1% 44.68% 4
2012 4.0% -7.1% 10.2% 24.29% 2
2011 5.2% -1.8% 15.2% 38.54% 3

Total Return Ranking - Trailing

Period UNMBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.4% -6.1% 99.4% 7.97% 1
1 Yr -0.5% -8.9% 10.0% 80.06% 5
3 Yr 2.9% * -5.4% 7.7% 56.15% 3
5 Yr 3.1% * -0.6% 7.0% 53.45% 3
10 Yr 4.1% * -0.4% 5.5% 23.50% 2

* Annualized


Total Return Ranking - Calendar

Period UNMBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 2.8% -9.7% 5.1% 2.87% 1
2014 9.3% -0.9% 17.0% 4.36% 1
2013 -3.6% -11.9% 2.1% 28.52% 2
2012 8.9% -0.6% 17.8% 2.63% 1
2011 12.0% -1.1% 16.2% 2.57% 1

NAV & Total Return History

UNMBX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

UNMBX Category Low Category High UNMBX % Rank Quintile
Net Assets 890 M 491 K 53 B 16.91% 3
Number of Holdings 299 1 6199 17.42% 3
Net Assets in Top 10 84.5 M -179 M 1.27 B 20.48% 3
Weighting of Top 10 13.9% 0.0% 100.0% 16.45% 3

Top 10 Holdings

  1. Texas St Tpk Auth 2.17%
  2. U.S. Treasury Bond Dec16 2.07%
  3. North Tex Twy Auth 1.89%
  4. Philadelphia Pa Go Ref Bd 5.25% 1.35%
  5. Util Debt Securitization Au Restructu 5% 1.20%
  6. New York N Y City Mun Wtr Fin Second 5% 1.19%
  7. California St Go Bds 5% 1.10%
  8. Metropolitan Wash D C Arpts Au Rev 6.5% 1.02%
  9. Bay Area Toll Auth 1.73% 0.99%
  10. Birmingham Ala Wtrwks Brd Wtr Rev 0.05% 0.89%

Asset Allocation

Weighting Category Low Category High UNMBX % Rank Quintile
Bonds
86.45% 0.00% 202.21% 28.02% 5
Cash
11.57% -110.85% 100.00% 3.71% 1
Other
1.98% -2.77% 27.54% 0.97% 1
Convertible Bonds
0.00% 0.00% 2.79% 0.81% 1
Preferred Stocks
0.00% 0.00% 11.46% 1.45% 1
Stocks
0.00% 0.00% 1.40% 1.13% 1

Bond Sector Breakdown

Weighting Category Low Category High UNMBX % Rank Quintile
Municipal
88.44% 0.00% 140.62% 26.13% 5
Cash & Equivalents
10.25% -110.85% 100.00% 4.68% 1
Corporate
0.08% 0.00% 34.61% 4.03% 1
Derivative
0.00% -0.43% 4.79% 0.48% 1
Securitized
0.00% 0.00% 41.81% 2.74% 1
Government
-2.07% -42.63% 117.34% 8.71% 5

Bond Geographic Breakdown

Weighting Category Low Category High UNMBX % Rank Quintile
US
86.45% 0.00% 202.21% 28.23% 5
Non US
0.00% 0.00% 20.62% 0.81% 1

UNMBX - Expenses

Operational Fees

UNMBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.90% 0.10% 4.60% 15.62% 3
Management Fee 0.51% 0.00% 1.00% 1.29% 5
12b-1 Fee 0.25% 0.00% 1.00% 4.67% 2
Administrative Fee 0.00% 0.00% 0.35% 8.70% 1

Sales Fees

UNMBX Fees (% of AUM) Category Low Category High UNMBX Rank Quintile
Front Load 4.25% 0.50% 5.75% 2.60% 4
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

UNMBX Fees (% of AUM) Category Low Category High UNMBX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

UNMBX Fees (% of AUM) Category Low Category High UNMBX Rank Quintile
Turnover 9.00% 0.00% 783.51% 16.26% 1

UNMBX - Distributions

Dividend Yield Analysis

UNMBX Category Low Category High UNMBX % Rank Quintile
Dividend Yield 0.2% 0.00% 2.86% 32.14% 3

Dividend Distribution Analysis

UNMBX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

UNMBX Category Low Category High UNMBX % Rank Quintile
Net Income Ratio 2.80% -0.60% 5.26% 17.71% 2

Capital Gain Distribution Analysis

UNMBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

UNMBX - Managers

Bryan J. Bailey

Manager

Start Date

Jun 14, 2000

Tenure

16.39

Tenure Rank

2.8%

Mr. Bailey was also the portfolio manager of this Fund from June 2000 to March 2007. He is Senior Vice President of IICO and WRIMCO, Vice President of the Trust, and Vice President of another investment company for which WRIMCO serves as investment manager. Mr. Bailey has served as portfolio manager for investment companies managed by WRIMCO since June 2000, and has been an employee of such since July 1993. Mr. Bailey earned a BS degree in Business from Indiana University, and an MBA in Financial Management/Statistics from the University of Chicago Graduate School of Business. He is a Chartered Financial Analyst.


Tenure Analysis

Category Low

0.0

Category High

37.1

Category Average

7.32

Category Mode

4.8