High Yield Municipal Bond Fund – WHYMX

Class A

CUSIP 94988A106

Share Price 05-03-16 10.74

Daily Change 0.01

YTD Return 2.83%

30-Day SEC Yield as of 05-02-16 2.40%

Morningstar Category High Yield Muni

Inception Date 01-31-2013

Fund Number 3364

Net Fund Assets as of 03-31-2016 $127,476,594.32

Overall Morningstar Rating™ (out of 167 funds)
as of 03-31-2016
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Morningstar RatingMorningstar RatingMorningstar Rating

Fund Notes

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MORNINGSTAR RATINGS™ as of 03-31-2016

Category = High Yield Muni

3-year Morningstar Rating™ (out of 167 funds)   Morningstar RatingMorningstar RatingMorningstar Rating

5-year Morningstar Rating™   N/A

10-year Morningstar Rating™   N/A

Overall Morningstar Rating™ (out of 167 funds)   Morningstar RatingMorningstar RatingMorningstar Rating

The Overall Morningstar Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and ten-year (if applicable) ratings, based on risk-adjusted returns. Click here for more information.

Morningstar® Style Box™as of 03-31-2016
Morningstar Style Box
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Lipper High Yield Municipal Debt Funds

1-year   52 out of 144

3-year   4 out of 124

5-year   N/A

10-year   N/A

Past performance is no guarantee of future results.


    1-year 3-year 5-year 10-year Since Inception

High Yield Municipal Bond Fund   NAV   5.33%   6.34%   --   --   6.17%

POP   0.55%   4.72%   --   --   4.64%

Barclays Municipal Bond Index       3.98%   3.63%   --   --   --

Figures quoted represent past performance, which is no guarantee of future results. Investment return, principal value, and yields of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance shown without sales charges would be lower if sales charges were reflected. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Click here for current month-end performance.
Public offering price (POP) is the price of one share of a fund including any sales charges. Net asset value (NAV) is the value of one share of the fund excluding any sales charges. Had sales charges been included, performance would be lower.
For Class A shares, the maximum front-end sales charge is 4.50%. Performance including sales charge assumes the sales charge for the corresponding time period.


Net Expense Ratio – effective since 11-01-15   0.86%

Gross Expense Ratio   1.08%

The advisor has committed, through 10-31-16, to waive fees and/or reimburse expenses to the extent necessary to cap the fund's total annual fund operating expenses after fee waiver, excluding certain expenses, at 0.85%. After this time, the cap may be increased or terminated only with the approval of the Board of Trustees. Without this cap, the fund's returns would have been lower.

View the 30-day unsubsidized SEC yields.

  • Not FDIC Insured
  • No Bank Guarantee
  • May Lose Value