4 / 5 Stars
5 5 5 4 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#2 in Muni National Short
U.S. News evaluated 46 Muni National Short 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 0.80 percent over the past year, 1.96 percent over the past three years, 3.70 percent over the past five years, and 3.17 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||0.7%|
|3 Years (Annualized)||2.0%|
|5 Years (Annualized)||3.7%|
|10 Years (Annualized)||3.2%|
The investment seeks current income exempt from federal income tax consistent with capital preservation. The fund invests at least 80% of its net assets in municipal securities that pay interest exempt from federal income tax, but not necessarily federal alternative minimum tax (AMT). It invests up to 20% of its total assets in securities that pay interest subject to federal AMT. The fund invests up to 15% of its total assets in below investment-grade municipal securities; and up to 10% of its total assets in inverse floaters.
Fees are Above Average compared to funds in the same category.
Wells Fargo Advantage Short-Term Municipal Bond Fund has an expense ratio of 0.60 percent.
Risk is Average compared to funds in the same category according to Morningstar.