3 / 5 Stars
4 4 3 2 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#8 in Muni California Long
U.S. News evaluated 34 Muni California Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 2.04 percent over the past year, 8.08 percent over the past three years, 7.02 percent over the past five years, and 4.60 percent over the past decade.
|Trailing Returns||Updated 03.31.2014|
|Year to date||4.2%|
|3 Years (Annualized)||8.1%|
|5 Years (Annualized)||7.0%|
|10 Years (Annualized)||4.6%|
The investment seeks current income exempt from federal income tax and California individual income tax. The fund invests at least 80% of its net assets in municipal securities whose interest is exempt from federal income tax, including federal alternative minimum tax (AMT), and California individual income tax. It invests up to 20% of the fund's net assets in securities whose interest is subject to federal income tax. The fund invests up to 10% of its total assets in below investment-grade municipal securities; and up to 10% of the fund's total assets in inverse floaters. It is non-diversified.
Fees are Above Average compared to funds in the same category.
Wells Fargo Advantage California Tax Free Fund has an expense ratio of 0.75 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.