3 / 5 Stars
3 3 5 2 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
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 0.10 percent over the past year, 2.43 percent over the past three years, 3.15 percent over the past five years, and 2.44 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-0.1%|
|3 Years (Annualized)||2.4%|
|5 Years (Annualized)||3.2%|
|10 Years (Annualized)||2.4%|
The investment seeks current income exempt from regular federal income tax. The fund normally invests at least 80% of its net assets in municipal securities that pay interest exempt from regular federal income tax, but not necessarily federal alternative minimum tax (AMT). It invests up to 35% of the fund's total assets in below investment-grade municipal securities; and up to 10% of its total assets in inverse floaters. The fund invests principally in municipal securities of states, territories and possessions of the United States that pay interest exempt from regular federal income tax, but not necessarily federal AMT.
Fees are High compared to funds in the same category.
Wells Fargo Advantage Strategic Municipal Bond Fund has an expense ratio of 1.57 percent.
Risk is Average compared to funds in the same category according to Morningstar.