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Waddell & Reed High-Income A (UNHIX)

6.36 Down 0.08(1.24%) Jun 24

Profile as of May 30, 2016Get Profile for:
Waddell & Reed High-Income A
Waddell & Reed Advisors Funds6300 Lamar AvenueOverland Park KS 66202
Map
Phone: 888-923-3355
Fund Overview 
Category:High Yield Bond
Fund Family:Waddell & Reed
Net Assets:1.99B
Year-to-Date Return:6.91%
Yield:7.45%
Morningstar Rating:3 stars
Fund Inception Date:Jul 9, 1979
Morningstar Style Box 
High Yield Bond
[View Category Definition]
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About the Morningstar Style Box
Management Information 
Chad A. Gunther
Lead Manager since Jul 9, 2014
Mr. Gunther is Vice President of IICO and WRIMCO and portfolio manager for other investment companies for which IICO or WRIMCO serves as investment manager. He has been an employee of WRIMCO since January 2003, initially serving as an investment analyst. He has served as assistant portfolio manager for funds managed by IICO and WRIMCO since 2008. Mr. Gunther earned a BS in business administration with an emphasis in economics from the University of Kansas, and an MBA with an emphasis in finance from Washington University/St. Louis Olin Graduate School of Business.
Investment Information 
Min Initial Investment:750
Min Initial Investment, IRA:N/A
Min Initial Investment, AIP:150
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:50
UNHIX can be purchased from 23 brokerages.

Fund Summary 
The investment seeks to provide total return through a combination of high current income and capital appreciation. The fund primarily invests in a diversified portfolio of high-yield, high-risk, fixed-income securities. It may invest up to 100% of its total assets in non-investment grade debt securities, commonly called junk bonds, which include debt securities rated BB+ or lower by S&P or comparably rated by another NRSRO or, if unrated, determined by WRIMCO to be of comparable quality.

Fund Operations 
Last Dividend (May 26, 2016) : 0.04
Last Cap Gain : 0.00
Annual Holdings Turnover (Jun 22, 2016) : 43.00%
Average for Category:63.72%
Fees & Expenses 
ExpenseUNHIXCategory Avg
Annual Report Expense Ratio (net):1.00%1.07%
Prospectus Net Expense Ratio:1.01%N/A
Prospectus Gross Expense Ratio:1.01%N/A
Max 12b1 Fee:0.25%N/A
Max Front End Sales Load:5.75%4.15%
Max Deferred Sales Load: N/A1.92%
3 Yr Expense Projection*:878485
5 Yr Expense Projection*:1,101772
10 Yr Expense Projection*:1,7401,594
* Per $10,000 invested