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Ivy Municipal High Income A

IYIAX
5.07
+0.01
+0.21%
12/6/2016
5 Years
  • Previous Close

    5.06

  • Net Assets

    315.43M

  • Yield

    4.32%

  • Front load

    4.25

  • Expenses

    0.85%

  • Category

    High-Yield Muni

  • Morningstar Risk

    Low

  • Morningstar Rating ★★★
Profile

Name of Issuer

Ivy Funds

Fund Style

Open

Fund Manager

Michael Walls

Investment Style

-

The investment seeks to provide a high level of current income that is not subject to federal income tax. The fund seeks to achieve its objective by investing at least 80% of its net assets in a diversified portfolio of municipal bonds. It typically invests in medium- and lower-quality bonds. The fund may invest up to 100% of its total assets in non-investment grade bonds. It may invest significantly in PABs in general, in revenue bonds payable from revenues derived from similar projects, such as those in the health care, life care, education, transportation and special tax sectors, and in municipal bonds of issuers located in the same geographic area.

Purchase Information

Initial Purchase 750
Initial Purchase: IRA NA
Initial Purchase: AIP 150

Inception

5/18/2009

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