3 / 5 Stars
4 4 3 2 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#6 in Muni Single State Long
U.S. News evaluated 75 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.
The fund has returned -1.46 percent over the past year, 3.44 percent over the past three years, 5.95 percent over the past five years, and 3.42 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-1.7%|
|3 Years (Annualized)||3.4%|
|5 Years (Annualized)||5.9%|
|10 Years (Annualized)||3.4%|
The investment seeks current income exempt from federal income tax and North Carolina individual income tax. The fund normally invests at least 80% of its net assets in municipal securities that pay interest exempt from federal income tax, including federal alternative minimum tax (AMT), and North Carolina individual income tax. It invests up to 20% of its net assets in securities that pay interest subject to federal income tax, including 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 between 3 and 20 years. The fund is non-diversified.
Fees are Below Average compared to funds in the same category.
Wells Fargo Advantage North Carolina Tax-Free Fund has an expense ratio of 0.85 percent.
Risk is Low compared to funds in the same category according to Morningstar.