WMBAX : Ivy Municipal Bond Fund Class A

WMBAX is a Bond Market Municipal Bond with HIGH fees.

WMBAX

Ivy Municipal Bond Fund Class A

FI Score

44 /100

Expense Ratio Rating

4 /10

Expense Rating

2 /10

Market Score

5 /10

Category Score

8 /10

Market Size

5 /10

44% FI Score
  • wmbax
  • Mutual Fund
  • Bond
  • Municipal Bond

Ivy Municipal Bond Fund Class A

Expenses: 0.84% (Better than 0% of similar funds)

This is a bad choice for a Municipal Bond Bond fund. See why ยป

Fund Summary

The investment seeks to provide the level of current income consistent with preservation of capital and 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 municipal bonds. It mainly invests in municipal bonds of investment grade and of any maturity. 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 portion of such interest may be an item of tax preference for purposes of the federal alternative minimum tax.

Largest Holdings

Amount Holding
3.39% iShares National Muni Bond ETF
2.84% NORTH TEX TWY AUTH REV 0%
2.74% TEXAS ST TPK AUTH CENT TEX TPK SYS REV 0%
1.53% NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5%
1.50% UTILITY DEBT SECURITIZATION AUTH N Y 5%
1.46% CALIFORNIA ST 5%
1.35% BAY AREA TOLL AUTH CALIF TOLL BRDG REV 5.81%
1.32% TEXAS WATER DEV BRD 5%
1.28% METROPOLITAN ATLANTA RAPID TRAN AUTH GA SALES TAX REV 5%
1.20% MARICOPA CNTY ARIZ INDL DEV AUTH REV 4%
1.14% METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 0%
1.14% BROOKHAVEN GA DEV AUTH REV 4%
1.06% UNIVERSITY KANS HOSP AUTH HEALTH FACS REV 0.7%
1.02% BIRMINGHAM ALA WTRWKS BRD WTR REV 5%
1.01% NEW YORK ST DORM AUTH REVS 0.18%
0.97% ALAMO TEX CMNTY COLLEGE DIST 5%
0.96% BALTIMORE MD PROJ REV 4%
0.96% LOS ANGELES CALIF WASTEWATER SYS REV 5%
0.94% NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 0%
0.90% NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%
0.90% NEW YORK CONVENTION CTR DEV CORP N Y REV 5%
0.87% MISSOURI JT MUN ELEC UTIL COMMN PWR PROJ REV 5%
0.85% NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%
0.81% LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 6%
0.80% MIAMI-DADE CNTY FLA WTR & SWR REV 5.25%

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