Wells Fargo Advantage North Carolina Tax-Free Fund

Scorecard
2 / 5 Stars
Lipper
2 2 3 2 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
TheStreet.com
B+ (Buy)

U.S. News evaluated 80 Muni Single State Long 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 -0.90 percent over the past year, 4.77 percent over the past three years, 4.62 percent over the past five years, and 2.54 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 2.8%
1 Year -0.9%
3 Years (Annualized) 4.8%
5 Years (Annualized) 4.6%
10 Years (Annualized) 2.5%

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Summary

The investment seeks current income exempt from federal income tax and North Carolina individual income tax. The fund normally invests at least 80% of the fund's net assets in municipal securities whose interest is exempt from federal income tax, including federal alternative minimum tax, and North Carolina individual income tax. It invests up to 20% of the fund's net assets in securities whose interest is subject to federal income tax, including federal AMT. The fund is non-diversified.

Fees

Fees are High compared to funds in the same category.
Wells Fargo Advantage North Carolina Tax-Free Fund has an expense ratio of 1.60 percent.

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Risk

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

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