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Ivy Municipal High Income I (WYMHX) Fund Ranking and Research

Ranking, Research and Recommendation of Ivy Municipal High Income I (WYMHX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of Ivy Municipal High Income I Fund (WYMHX) ManagerFund Manager - Michael J. Walls

Fund Manager Information

Fund Manager Tenure: 8.5 years
Fund Family: Ivy Funds
Fund Category: High Yield Muni
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.56)     (What does this score mean?)
Honorable Mentioning: Lipper Awards (2011),
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

 

Graph of Ivy Municipal High Income I Fund (WYMHX) ProfileIvy Municipal High Income I Fund (WYMHX) Profile

Fund Profile and Description

Ivy Municipal High Income I Fund seeks to provide a high level of income that is not subject to Federal income tax. Ivy Municipal High Income I Fund normally invests at least 80% of net assets in a diversified portfolio of tax-exempt municipal bonds. It invests 65% of assets in bonds rated in the lower tier of investment-grade (BBB by S&P and Baa by Moody's) or lower, including bonds rated below investment-grade. Ivy Municipal High Income I Fund typically invests in municipal bonds with remaining maturities of 10 to 30 years. It also invests in higher-quality municipal bonds at times when yield spreads are narrow and the higher yields do not justify the increased risk.

 

Ivy Municipal High Income I (WYMHX) Fund Strength What we like about Ivy Municipal High Income I (WYMHX) Fund

Data for Ivy Municipal High Income I Fund (WYMHX) as of May 30, 2016

  • Ivy Municipal High Income I Fund (WYMHX) management has been with Ivy Municipal High Income I Fund for 8.5 years
  • Ivy Municipal High Income I Fund (WYMHX) ratio of up-years vs down years is greater than 2
  • Ivy Municipal High Income I Fund (WYMHX) has a Morningstar rating of 4 and above
  • Ivy Municipal High Income I Fund (WYMHX) has an annual stock turnover rate of 9.00% vs High Yield Muni average of 21.59%. It is good that Ivy Municipal High Income I management does not trade extensively for its return.
  • Ivy Municipal High Income I Fund (WYMHX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.59, lower than category average of 5.19
  • Ivy Municipal High Income I Fund (WYMHX) has a lower expense ratio than its High Yield Muni average: 0.68% vs 0.94%
  • Ivy Municipal High Income I Fund (WYMHX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Ivy Municipal High Income I Fund (WYMHX) Weakness What we are cautious about Ivy Municipal High Income I (WYMHX) Fund

Data for Ivy Municipal High Income I Fund (WYMHX) as of May 30, 2016

  • Ivy Municipal High Income I Fund (WYMHX) has a less-than-ideal short-term performance (1-year return 5.22% vs 7.20% High Yield Muni category median performance)
  • Ivy Municipal High Income I Fund (WYMHX) has a less-than-ideal mid-term performance (3-year return 3.98% vs 4.69% High Yield Muni category median performance)
  • Ivy Municipal High Income I Fund (WYMHX) has a less-than-ideal Long-term performance (5-year return 6.61% vs 7.24% High Yield Muni category median performance)
  • Ivy Municipal High Income I Fund (WYMHX) is less safe compared to its High Yield Muni peers
  • Asset base in Ivy Municipal High Income I Fund (WYMHX) has been consistently decreasing in the last 2 months. It shows lacks of investor confidence and market support
See Ivy Municipal High Income I Fund (WYMHX) performance details as of May 30, 2016

 

What do you think?

 

Compare Ivy Municipal High Income I Fund (WYMHX)Compare with other top High Yield Muni category mutual funds

Aadditional top High Yield Muni mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Ivy Municipal High Income I2.555.223.986.61
American High-Income Municipal Bond A (AMHIX)3.957.345.437.81Compare
Columbia High Yield Muni Z (SRHMX)2.966.485.407.65Compare
Federated Municipal High Yield Adv F (FHTFX)3.767.205.267.52Compare

See top fund managers for High Yield Muni Category Funds

 

Compare Ivy Municipal High Income I Fund (WYMHX)Compare with High Yield Muni category ETFs

Some High Yield Muni ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors High-Yield Municipal ETF (HYD)4.66%8.12%4.07%
SPDR Nuveen S&P High Yield Muni Bd ETF (HYMB)4.17%7.38%4.98%

 

Graph of Ivy Municipal High Income I Fund (WYMHX) Net Asset TrackingIvy Municipal High Income I (WYMHX) Fund Net Asset

Track net asset change of Ivy Municipal High Income I fund (WYMHX)

DateNet Asset
05/2016$1.36B
03/2016$1.36B
02/2016$1.36B
More historic net asset information on Ivy Municipal High Income I Fund (WYMHX)

  

Graph of Ivy Municipal High Income I Fund (WYMHX) Portfolio TrackingIvy Municipal High Income I (WYMHX) Fund Portfolio Allocation

Track portfolio allocation change of Ivy Municipal High Income I fund (WYMHX)

DateCashStockBondOther
03/20160%0.09%94.41%5.5%
12/20151.13%0.09%94.73%4.05%
09/20151.61%0.1%95.74%2.56%
Click here to see more historic asset allocation information on Ivy Municipal High Income I Fund (WYMHX)

 

graph of Ivy Municipal High Income I Fund (WYMHX) Top 10 Position TrackingTop 10 Holdings in Ivy Municipal High Income I (WYMHX) Fund

Discover what Ivy Municipal High Income I Fund (WYMHX) manager is buying

Mar 30, 2016
New York Liberty Dev Corp Libe Rev Bd 5% [2%]
Massachusetts St Port Auth 1.034% [1.96%]
Pennsylvania St Tpk Commn Tpk Rev Bds [1.6%]
Tobacco Securitization Auth 5% [1.28%]
Illinois Fin Auth 8% [1.28%]
Michigan Tob Settlement Fin Au To 6.875% [1.27%]
Texas Private Activity Bd Surf Sr Lie 7% [1.21%]
Kent Hosp Fin Auth 6.25% [1.16%]
Texas Private Activity Bd Surf Sr 6.875% [1.14%]
Delaware Cnty Pa Indl Dev Auth 6.125% [1.1%]

Dec 30, 2015
New York Liberty Dev Corp Libe Rev Bd 5% [1.95%]
Massachusetts St Port Auth 0.672% [1.94%]
Pennsylvania St Tpk Commn Tpk Rev Bds [1.65%]
Illinois Fin Auth 8% [1.29%]
Michigan Tob Settlement Fin Au To 6.875% [1.27%]
Texas Private Activity Bd Surf Sr Lie 7% [1.23%]
Tobacco Securitization Auth 5% [1.23%]
Mississippi Busn Fin Corp Var Rate 0.01% [1.2%]
Kent Hosp Fin Auth 6.25% [1.17%]
Texas Private Activity Bd Surf Sr 6.875% [1.15%]

Sep 29, 2015
30 Year US Treasury Bond Future Dec15 [2.07%]
Massachusetts St Port Auth 0.379% [2.05%]
New York Liberty Dev Corp Libe Rev Bd 5% [2.04%]
Pennsylvania St Tpk Commn Tpk Rev Bds [1.69%]
Illinois Fin Auth 8% [1.39%]
Michigan Tob Settlement Fin Au To 6.875% [1.33%]
Texas Private Activity Bd Surf Sr Lie 7% [1.29%]
Mississippi Busn Fin Corp Var Rate 0.01% [1.29%]
Kent Hosp Fin Auth 6.25% [1.25%]
Tobacco Securitization Auth 5% [1.24%]
Click here for Stock Holding Change Map in Ivy Municipal High Income I Fund (WYMHX)

  

Latest News on Ivy Municipal High Income I (WYMHX) Fund

See what is happening with Ivy Municipal High Income I Fund (WYMHX)

 

Ivy Municipal High Income I Fund (WYMHX) Related ResourcesSee more information on Ivy Municipal High Income I (WYMHX) Fund

Popular pages on Ivy Municipal High Income I (WYMHX) Fund

  

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