Waddell & Reed Bond A (UNBDX - MF report) a Zacks Rank #2 (Buy) was incepted in March 1964 and is managed by Waddell & Reed Investment Management Company (WRIMCO). UNBDX seeks a reasonable return with emphasis on the preservation of principal. UNBDX seeks to achieve its goal by investing primarily in domestic, and to a lesser extent foreign, debt securities usually of investment grade, including bonds rated BBB and higher by Standard & Poor's and Baa and higher by Moody's Corporation. UNBDX has no limitations regarding the maturity duration or dollar weighted average of its holdings. UNBDX may invest in debt securities with varying maturities and can invest in securities of companies of any size.
Waddell & Reed Bond A, managed by Waddell & Reed, carries an expense ratio of 0.97%. Moreover, UNBDX requires a minimal initial investment of $750.
UNBDX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 6.47%, 3 year 3.70% and 5 year 2.93%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .
UNBDX’s performance, as of the last filing, when compared to funds in its category was in the top 23% in 1 year, top 35% over the past 3 years, and in the 48% over the past 5 years.
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