Waddell & Reed Adv Municipal Bond A LW  UNMBX.LW
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni National Interm Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   8.10 Yrs
   Avg Credit Quality
   AA
As of 2009-06-30
Day Change
$ 0.01
  
NAV (2009-11-20)
$ 7.13
  
YTD Return % (2009-11-20)
12.53%
  
Total Assets ($ mil)
628
View Data Definitions
  Performance    
Growth of $10,000 Fund: Waddell & Reed Adv Municipal Bond A LW
(from 1999-01-01 to 2009-10-31) Category: Muni National Interm
Index: Barcap Municipal!
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 1976-11-05 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 12.53 11.97 4.76 4.12 4.79 6.02
+/- Category 2.60 0.89 1.34 0.98 0.21 ---
+/- Barcap Municipal! --- --- --- --- --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 13.94 14.31 5.40 4.38 4.74 6.09
Month-End (as of 2009-10-31) 12.13 13.31 4.69 3.87 4.79 6.02
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 13.31 4.69 3.87 4.77 ---
On Distribution & Sale of Shares --- 10.20 4.57 3.85 4.69 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 234 funds), (5 yrs : out of 209 funds), (10 yrs : out of 130 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is 2.00%.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
General Obligations 18.49
Advance Refunded 2.14
State Appropriated Tobacco ---
Non-state Appropriated Tobacco 1.91
Education 2.52
Health 10.33
Housing 7.69
Industrial 5.36
Transportation 12.52
Utilities 3.92
Water/Sewer 5.53
Misc. Revenue 29.59
Bond Quality % of Bonds
AAA 29.6
AA 31.6
A 25.1
BBB 11.5
BB 1.9
B 0.0
Below B 0.2
Not Rated 0.2
 
Asset Allocation
% of Net Assets
Cash 1.4
Stocks 0.0
Bonds 98.6
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-06-30 Data through 2009-06-30
 
Holding Status
Total Number of Stock Holdings Turnover % 20
Total Number of Bond Holdings 251 30 Day SEC Yield % 3.11
% of Assets in Top 10 Holdings 14.18 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
Philadelphia Pa Go Ref Bd 5.25% 2024-12-15 10,750 10,885 1.91
Washington St Pub Pwr Sply S Pub 7.125% 2016-07-01 8,200 10,108 1.77
TEXAS ST TPK AUTH CENT TEX TPK FIRST TIE 2026-08-15 24,500 9,945 1.75
Indiana St Office Bldg Commn C Capi 7.4% 2015-07-01 8,000 9,607 1.69
Georgia Mun Elec Auth 6.4% 2013-01-01 6,925 7,508 1.32
North Tex Twy Auth 2030-01-01 25,000 7,058 1.24
Lancaster Tex Indpt Sch Dist 5.75% 2030-02-15 6,000 6,937 1.22
California St Go Bds 5% 2022-02-01 7,000 6,588 1.16
New York N Y Go Bds 5.25% 2021-10-15 6,110 6,308 1.11
Coral Gables Fla Health Facs A Hop 5.25% 2024-08-15 5,000 5,741 1.01
Data through 2009-06-30
  Other Information
Fund Inception: 1976-11-05
Portfolio Manager  (Start Date)
Bryan J. Bailey  (2000-06-14)
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.
Sales Charge %
(taken from prospectus dated 2009-01-30)
Front: None
Deferred: None
Expense Ratio % 0.93
based on net assets
(taken from annual report dated 2008-09-30)
Correspondence Information
6300 Lamar Avenue
P O Box 29217
Shawnee Mission,  KS  66202
United States
Telephone:
888-923-3355
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.