Investment Test Drive

UMUHX Waddell & Reed Muni Hi-Inc A

2 lower fee alternatives found

FeeX scanned the market for similar funds with lower fees and better past returns
Show results with
Fund UMUHX Waddell & Reed Muni Hi-Inc A HYMB SPDR® Nuveen S&P High Yield Muni Bd ETF PRFHX T. Rowe Price Tax-Free High Yield  
100% 91% 98%
Annual Fees
(0.90% Exp. Ratio)
(0.45% Exp. Ratio)
(0.69% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.09% annual return
$14,169.72 $16,232.65 $15,098.75
Est. savings over 30 yrs +$2,062.93 +$929.03
As of 12/31/16
1 YR RETURN 0.50%
3 YR 5.55%
5 YR 4.64%
10 YR 4.36%
1 YR RETURN 2.18%
3 YR 7.26%
5 YR 6.03%
10 YR --
1 YR RETURN 1.38%
3 YR 6.58%
5 YR 5.61%
10 YR 4.44%
The investment seeks 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 in a diversified portfolio of municipal bonds. It invests substantially in municipal bonds with remaining maturities of 10 to 30 years. The fund primarily invests in revenue bonds: revenue bonds are payable only from specific sources, such as the revenue from a particular project, a special tax, and lease payments and/or appropriated funds.
The investment seeks to provide investment results that correspond generally to the price and yield performance of the S&P Municipal Yield Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in securities that the Sub-Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index tracks the U.S. high yield municipal bond market and to provide income that is exempt from federal income taxes. The fund is non-diversified.
The investment seeks a high level of income exempt from federal income taxes. Normally, at least 80% of the fund's income will be exempt from federal income taxes. However, up to 20% of the fund's income could be derived from securities subject to the alternative minimum tax. It generally seeks higher yielding municipal bonds, including those that are rated noninvestment grade (BB and lower, or an equivalent rating) by a major credit rating agency or by T. Rowe Price, known as "junk" bonds.

Join FeeX to view all alternatives, get more data and filtering options, and be able to automatically scan all your investments for lower fee replacements.

It's free!

The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.


FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.


Your Feedback has been sent successfully!