4 / 5 Stars
5 5 4 2 3
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
U.S. News evaluated 83 Muni National Interm 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 5.11 percent over the past year, 6.22 percent over the past three years, 5.80 percent over the past five years, and 5.02 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.3%|
|3 Years (Annualized)||6.2%|
|5 Years (Annualized)||5.8%|
|10 Years (Annualized)||5.0%|
The investment seeks current income exempt from federal income tax. The fund invests at least 80% of its net assets in municipal securities that pay interest exempt from federal income tax, including federal alternative minimum tax (AMT). It invests up to 15% of the fund's total assets in below investment-grade municipal securities; and up to 10% of its total assets in inverse floaters. While the fund may purchase securities of any maturity, under normal circumstances, it expects the fund's dollar-weighted average effective maturity to be between 3 and 10 years.
Fees are Low compared to funds in the same category.
Wells Fargo Advantage Intermediate Tax/AMT-Free Fund has an expense ratio of 0.60 percent.
Risk is Average compared to funds in the same category according to Morningstar.