Wells Fargo Advantage Ultra Short Term Municipal Income Fund

Scorecard
3 / 5 Stars
Lipper
3 3 5 4 3
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
TheStreet.com
C (Hold)

U.S. News evaluated 50 Muni National Short Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 0.65 percent over the past year, 0.84 percent over the past three years, 1.36 percent over the past five years, and 2.52 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 0.3%
1 Year 0.6%
3 Years (Annualized) 0.8%
5 Years (Annualized) 1.4%
10 Years (Annualized) 2.5%

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Summary

The investment seeks current income exempt from federal income tax, consistent with capital preservation. The fund normally 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 1 year or less.

Fees

Fees are Above Average compared to funds in the same category.
Wells Fargo Advantage Ultra Short Term Municipal Income Fund has an expense ratio of 0.37 percent.

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Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

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