3 / 5 Stars
2 2 5 2 2
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 19 Muni Single State 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 1.26 percent over the past year, 2.72 percent over the past three years, 2.81 percent over the past five years, and 2.21 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||1.5%|
|3 Years (Annualized)||2.7%|
|5 Years (Annualized)||2.8%|
|10 Years (Annualized)||2.2%|
The investment seeks current income exempt from federal income tax and California individual 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, including federal alternative minimum tax, and California individual income tax. It invests up to 20% of the fund's net assets in securities whose interest is subject to federal income tax. The fund invests up to 10% of the fund's total assets in below investment-grade municipal securities; and up to 10% of the fund's total assets in inverse floaters. It is non-diversified.
Fees are High compared to funds in the same category.
Wells Fargo Advantage California Limited-Term Tax Free Fund has an expense ratio of 1.55 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.