Fund Evaluator:

Segall Bryant & Hamill Mun Opps Ret Overview

Segall Bryant & Hamill Mun Opps Ret (WTTAX) is an actively managed Municipal Bond Muni National Interm fund. Segall Bryant & Hamill launched the fund in 2016.

The investment seeks income exempt from Federal income taxes. Under normal circumstances, the fund will invest at least eighty percent (80%) of the value of its net assets, plus any borrowings for investment purposes, in municipal bonds. It focuses primarily on investment-grade quality municipal bonds that are rated in one of the four highest investment-grade categories at the time of purchase by one or more nationally recognized rating agencies such as Moody's or Standard & Poor's. The fund may invest up to thirty percent (30%) of its total assets at the time of purchase in municipal bonds rated below investment grade (commonly referred to as "junk" bonds).

About Segall Bryant & Hamill Mun Opps Ret (WTTAX)

There are 2 members of the management team with an average tenure of 4.94 years: Nicholas Foley (2016), Alex Oyler (2026). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg Municipal TR USD index with a weighting of 100% and Bloomberg Municipal Inter 1-15 Yr TR USD index with a weighting of 100%. Segall Bryant & Hamill Mun Opps Ret has 175 securities in its portfolio. The top 10 holdings constitute 27.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Segall Bryant & Hamill Mun Opps Ret is part of the Fixed Income global asset class and is within the Municipal Bond fund group. Segall Bryant & Hamill Mun Opps Ret has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.1% (95.1% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Segall Bryant & Hamill Mun Opps Ret has 4.9% of the portfolio in cash.

Assets Under Management

The fund has $10 million in total assets, which is below the $1 billion average for the Muni National Interm category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

WTTAX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Segall Bryant & Hamill Mun Opps Ret expense ratio is above average compared to funds in the Muni National Interm category. Segall Bryant & Hamill Mun Opps Ret has an expense ratio of 0.65%, which is 4% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Segall Bryant & Hamill Mun Opps Ret has a portfolio turnover rate of 77%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 39% for the Muni National Interm category.

Recently, in the month of July 2026, Segall Bryant & Hamill Mun Opps Ret returned -1.2%, which earned it a grade of A, as the Muni National Interm category had an average return of -1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Segall Bryant & Hamill Mun Opps Ret has a trailing yield of 3.63%, which is above the 3.27% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Segall Bryant & Hamill Mun Opps Ret Grades

Year to date, the fund has returned 1.2%, 0.8 percentage points better than the category, which translates into a grade of A. The fund has returned 4.8% over the past year (grade of B), 4.3% over the past three years (grade of A) and 0.5% per year over the past five years (grade of D).

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about Segall Bryant & Hamill Mun Opps Ret, including its riskiness, submit your email to unlock the rest of the article.