Ivy Municipal High Income A
(IYIAX)
US Markets Close In39 min
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5.26
+0.00
+0.01%
:

Previous Close

5.26

Net Assets

352.77M

Yield

4.64%

Front load

4.25

Expenses

0.86%

Category

High-Yield Muni

Morningstar Risk

Below Average

Morningstar Rating ★★★
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Performance
Returns %
Key statistics
  • Composition
  • Performance
  • Top Holdings
  • Top Rated Funds
  • Fund vs. Category
Quarterly Returns
  • Annual

  • IYIAX

  • Category

    • 2013

    • -6.18%

    • -

    • 2012

    • 11.53%

    • -

    • 2011

    • 10.60%

    • -

    • 2010

    • 6.69%

    • -

    • 2013

    • 2012

    • 2011

      • Q1

      • 1.44%

      • 4.09%

      • -0.43%

      • Q2

      • -4.19%

      • 2.80%

      • 4.47%

      • Q3

      • -3.08%

      • 2.69%

      • 4.18%

      • Q4

      • -0.41%

      • 1.49%

      • 2.05%

      Composition
      Bond Investment Style
      The two dimensions of the Fund Style box measure the average size of companies that have been in the FUND, from the top to bottom, and the average valuation characteristics of the FUND's past stock holdings, from left to right.
      • Name

      • % Portfolio Weight

      • Shares Held

      • Change

        • Massachusetts St Port Auth

        • 2.46

        • 35,000,000

        • 0

        • La Paz Cnty Ariz Indl Dev Auth 7.8%

        • 2.20

        • 25,000,000

        • 0

        • Pennsylvania St Tpk Commn Tpk Rev Bds

        • 1.63

        • 19,000,000

        • 0

        • Kent Hosp Fin Auth 6.25%

        • 1.35

        • 15,500,000

        • 0

        • Texas Private Activity Bd Surf Sr Lie 7%

        • 1.34

        • 13,430,000

        • 0

        • Michigan Tob Settlement Fin Au To 6.875%

        • 1.32

        • 16,500,000

        • 0

        • Texas Private Activity Bd Surf Sr 6.875%

        • 1.28

        • 12,975,000

        • 0

        • Illinois Fin Auth 8%

        • 1.25

        • 15,000,000

        • 0

        • Tobacco Securitization Auth 5%

        • 1.19

        • 17,395,000

        • 0

        • Kentucky Econ Dev Fin Auth 6.375%

        • 1.13

        • 12,000,000

        • 0

        • Name

        • Rating

        • YTD Return %

          • MainStay High Yield Municipal Bond A LW

          • ★★★★★
          • 15.20

          • MainStay High Yield Municipal Bond I

          • ★★★★★
          • 15.53

          • AllianceBern High Income Municipal Adv

          • ★★★★★
          • 15.85

          • Oppenheimer Rochester® High Yld Muni Y

          • ★★★★★
          • 13.87

          • Oppenheimer Rochester® AMT-Free Munis Y

          • ★★★★★
          • 13.82

          • Invesco High Yield Muni Y

          • ★★★★★
          • 15.07

          • Delaware National Hi-Yld Muni Bd Instl

          • ★★★★★
          • 14.06

          • Delaware National Hi-Yld Muni Bd A LW

          • ★★★★★
          • 13.82

          • Eaton Vance High-Yield Municipal Inc I

          • ★★★★★
          • 16.86

          • Prudential Municipal Hi-Inc Z

          • ★★★★★
          • 13.36

          • Name

          • IYIAX

          • Category

            • Expense Ratio

            • 0.86%

            • 1.00%

            • Net Assets

            • 352.77M

            • 376.41M

            • Dividend Yield

            • -

            • 0.00

            • Price/Book

            • -

            • -

            • Price/Sales

            • -

            • -

            • Price/Cash Flow

            • -

            • -

            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, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in a diversified portfolio of tax-exempt municipal bonds. Municipal bonds are obligations issued by or on behalf of states, territories and possessions of the United States, the interest on which is excludable from gross income for Federal income tax purposes, although a significant portion of such interest may be a tax preference item for purposes of the Federal alternative minimum tax.

            Purchase Information

            Initial Purchase 750
            Initial Purchase: IRA NA
            Initial Purchase: AIP 150
            Front load 4.25
            Back Load 4.25

            Inception

            5/18/2009