3 / 5 Stars
4 4 5 3 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 47 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 -0.05 percent over the past year, 1.30 percent over the past three years, 2.96 percent over the past five years, and 2.26 percent over the past decade.
|Trailing Returns||Updated 11.30.2013|
|Year to date||0.1%|
|3 Years (Annualized)||1.3%|
|5 Years (Annualized)||3.0%|
|10 Years (Annualized)||2.3%|
The investment seeks current income exempt from federal income tax consistent with capital preservation. The fund invests at least 80% of the fund's net assets in municipal securities whose interest is exempt from federal income tax, but not necessarily federal alternative minimum tax (AMT). It invests up to 20% of the fund's total assets in securities whose interest is subject to federal AMT. While the fund may purchase securities of any maturity, under normal circumstances, it expects the fund's dollar-weighted average effective maturity to be 3 years or less.
Fees are High compared to funds in the same category.
Wells Fargo Advantage Short-Term Municipal Bond Fund has an expense ratio of 1.35 percent.
Risk is Average compared to funds in the same category according to Morningstar.