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Mutual Fund Insights: Waddell & Reed Muni Hi-Inc C Fund (WCMHX)

In-depth Analysis of Waddell & Reed Muni Hi-Inc C Fund (WCMHX)

Mutual fund chart: Waddell & Reed Muni Hi-Inc C Fund (WCMHX)

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See Waddell & Reed Muni Hi-Inc C Fund (WCMHX) performance details as of February 28, 2010

Last Trade: $4.69 on 3/19/2010, Change: 0.00 (0%)

Fund Manager - Michael J. Walls

Fund Manager Tenure: 1.6 years
Fundmojo Fund Grade: N/A (Score: *manager is new*) (What does this score mean?)

Michael J. Walls is vice president of WRIMCO and IICO, and has been an employee of WRIMCO since March 1999, joining the company as an investment analyst. Get more insights on Michael J. Walls

What we like about Waddell & Reed Muni Hi-Inc C Fund (WCMHX)

Data for Waddell & Reed Muni Hi-Inc C Fund (WCMHX) as of February 28, 2010

Waddell & Reed Muni Hi-Inc C Fund (WCMHX) has good mid-term performance (3-year return 1.35% vs -1.52 % High Yield Muni category average)
Waddell & Reed Muni Hi-Inc C Fund (WCMHX) has good Long-term performance (5-year return 3.03% vs 1.62 % High Yield Muni category average)
Waddell & Reed Muni Hi-Inc C Fund (WCMHX) has a Morningstar rating of 4 and above
Waddell & Reed Muni Hi-Inc C Fund (WCMHX) has an annual stock turnover rate of 34.00% vs High Yield Muni average of 36.45%. It is good that Waddell & Reed Muni Hi-Inc C management does not trade extensively for its return.
Waddell & Reed Muni Hi-Inc C Fund (WCMHX) is less volatile than its peers as it has a 3-year Standard Deviation of 9.58, lower than category average of 12.25

What we are cautious about Waddell & Reed Muni Hi-Inc C Fund (WCMHX)

Data for Waddell & Reed Muni Hi-Inc C Fund (WCMHX) as of February 28, 2010

Waddell & Reed Muni Hi-Inc C Fund (WCMHX) management has been with Waddell & Reed Muni Hi-Inc C Fund for only 1.6 years, it is hard to judge manager's ability based on this fund's operation record
Waddell & Reed Muni Hi-Inc C Fund (WCMHX) has a less-than-ideal short-term performance (1-year return 21.87% vs 24.37 % High Yield Muni category average)
Waddell & Reed Muni Hi-Inc C Fund (WCMHX) ratio of up-years vs down years can be improved
Waddell & Reed Muni Hi-Inc C Fund (WCMHX) has a higher management fee of 1.87% than its High Yield Muni average of 1.13%
Waddell & Reed Muni Hi-Inc C Fund (WCMHX) carries a 1% load

See Waddell & Reed Muni Hi-Inc C Fund (WCMHX) performance details as of February 28, 2010

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Waddell & Reed Muni Hi-Inc C Fund (WCMHX) Net Asset

Track net asset change of Waddell & Reed Muni Hi-Inc C fund (WCMHX)

Date	Net Asset
02/2010	$16.11M
01/2010	$16.11M
11/2009	$15.25M

More historic net asset information on Waddell & Reed Muni Hi-Inc C Fund (WCMHX)

Waddell & Reed Muni Hi-Inc C Fund (WCMHX) Portfolio Allocation

Track portfolio allocation change of Waddell & Reed Muni Hi-Inc C fund (WCMHX)

Date	Cash	Stock	Bond	Other
09/2009	0.86%	0%	99.14%	0%
06/2009	0.72%	0%	99.28%	0%
03/2009	0.95%	0%	99.05%	0%

Click here to see more historic asset allocation information on Waddell & Reed Muni Hi-Inc C Fund (WCMHX)

Most Recent Top 10 Holdings in Waddell & Reed Muni Hi-Inc C Fund (WCMHX)

Discover what Waddell & Reed Muni Hi-Inc C Fund (WCMHX) manager is buying

30-Sep-09

MOHAVE CNTY ARIZ INDL DEV AUTH REV BDS [2.33%]
Las Vegas Nev Redev Agy Tax In Rev Bd 8% [1.44%]
La Vernia Higher Ed Fin Corp E Rev Bd 9% [1.3%]
Royal Oak Mich Hosp Fin Auth 8.25% [1.27%]
Smyth Cnty Va Indl Dev Auth 8% [1.2%]
Illinois Fin Auth 7% [1.19%]
Southwestern Ill Dev Auth 7% [1.15%]
Deschutes Cnty Ore Hosp Facs A Hos 8.25% [1.14%]
Lakeside 370 Levee Dist 7% [1.07%]
Puerto Rico Sales Tax Fing Cor Re 6.375% [1.02%]

30-Jun-09

Mohave Cnty Ariz Indl Dev Auth 8% [1.78%]
Las Vegas Nev Redev Agy Tax In Rev Bd 8% [1.48%]
Royal Oak Mich Hosp Fin Auth 8.25% [1.39%]
LA VERNIA HIGHER ED FIN CORP E REV BDS [1.33%]
Smyth Cnty Va Indl Dev Auth 8% [1.32%]
Deschutes Cnty Ore Hosp Facs A Hos 8.25% [1.26%]
Illinois Fin Auth 7% [1.23%]
Southwestern Ill Dev Auth 7% [1.22%]
New Hampshire St Busn Fin Ref Rev 7.125% [1.12%]
California Rural Hm Mtg Fin Single 5.3% [1.12%]

31-Mar-09

Mohave Cnty Ariz Indl Dev Auth 8% [1.88%]
Las Vegas Nev Redev Agy Tax In Rev Bd 8% [1.55%]
Royal Oak Mich Hosp Fin Auth [1.46%]
Denver Colo City & Cnty Arpt R Rev 5.25% [1.46%]
LA VERNIA HIGHER ED FIN CORP E REV BDS [1.43%]
Smyth Cnty Va Indl Dev Auth 8% [1.33%]
DESCHUTES CNTY ORE HOSP FACS A HOSP REV [1.32%]
Southwestern Ill Dev Auth 7% [1.26%]
California Rural Hm Mtg Fin Single 5.3% [1.22%]
Memphis-Shelby Cnty Tenn Arpt Arpt 6% [1.2%]

Click here for Stock Holding Change Map in Waddell & Reed Muni Hi-Inc C Fund (WCMHX)

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Data is provided for informational purposes only, and is not intended for trading purposes. Although data are gathered from sources believed to be reliable, Fund Mojo and its content providers cannot guarantee completeness and accuracy. Performance data quoted represents past performance. Fund Mojo and its content providers accept no liability for reliance on this data.