Waddell & Reed Municipal Bond B
6300 Lamar Avenue P O Box 29217 Shawnee Mission KS 66202
Map
Phone: 888-923-3355
| Category: | Muni National Interm | | Fund Family: | Waddell & Reed | | Net Assets: | 2.56M | | Year-to-Date Return: | 11.27% | | Yield: | 3.09% | | Morningstar Rating: |  | | Fund Inception Date: | 05-Oct-99 |
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Bryan J. Bailey
Lead Manager since
14-Jun-00 | | | Bailey serves as senior vice president of WRIMCO and IICO, his employer since July 1993, and vice president another investment company for which IICO serves as investment manager. Bailey had served as assistant portfolio manager for investment companies managed by WRIMCO since January 1999. Bailey holds the Chartered Financial Analyst designation. |
| Min Initial Investment: | $500 | | Min Initial Investment, IRA: | NaN | | Min Initial Investment, AIP: | $50 | | Min Subsequent Investment: | $0 | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | $25 |
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| The investment seeks income exempt from federal taxation. The fund normally invests at least 80% of net assets in tax-exempt municipal bonds, mainly of investment grade and of any maturity. It primarily utilizes a cautious top-down management style that de-emphasizes aggressive interest rate strategies. The fund seeks to emphasize prudent diversification among sectors, states, security structures, position sizes and ratings categories, in an attempt to reduce overall portfolio risk and performance volatility as well as to emphasize capital preservation. |
| Last Dividend
(15-Oct-09):
| 0.02 | | Last Cap Gain
(16-Dec-99):
| 0.07 | | Annual Holdings Turnover
| 20.00% | | Average for Category:
| 38.20% |
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| Expense | WBMBX | Category
Avg | | Total Expense Ratio: | 1.86%
| 0.89% | | Max 12b1 Fee: | 1.00%
| N/A | | Max Front End Sales Load: | %
| 3.49% | | Max Deferred Sales Load: | 5.00%
| 2.35% | | 3 Yr Expense Projection*: |
$ 897 | $463 | | 5 Yr Expense Projection*: |
$ 1,127 | $696 | | 10 Yr Expense Projection*: |
$ 1,970 | $1,358 |
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