3 / 5 Stars
3 3 3 3 2
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 84 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 -1.76 percent over the past year, 3.04 percent over the past three years, 5.33 percent over the past five years, and 3.60 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-2.0%|
|3 Years (Annualized)||3.0%|
|5 Years (Annualized)||5.3%|
|10 Years (Annualized)||3.6%|
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 1.45 percent.
Risk is Average compared to funds in the same category according to Morningstar.