Wells Fargo Advantage MN Tax-Free A (NMTFX) Fund Ranking and Research

Ranking, Research and Recommendation of Wells Fargo Advantage MN Tax-Free A (NMTFX) Fund

Last Trade: $ on , Change: (0%)

 

Fund Manager - Wendy R. Casetta

Fund Manager Information

Fund Manager Tenure: 10.7 years
Fund Family: Wells Fargo Funds
Fund Category: Muni Minnesota
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.56)     (What does this score mean?)
Casetta joined Wells Capital Management in January 2005 with the acquisition of Strong Capital Management, Inc where she worked as a senor research analyst. Previously she was a fixed income trader and investment associate at Barnett Capital Advisors from August of 1994 to May of 1998. In 1993 Casetta served in Nicholas Company.  Get more insights on Wendy R. Casetta

 

Wells Fargo Advantage MN Tax-Free A Fund (NMTFX) Profile

Fund Profile and Description

Wells Fargo Advantage MN Tax-Free A Fund seeks current income exempt from federal income tax and Minnesota individual income tax. Wells Fargo Advantage MN Tax-Free A Fund normally invests at least 80% of net assets in municipal securities that pay interest exempt from regular federal income tax, including federal alternative minimum tax (AMT), and Minnesota individual income tax. It invests up to 20% of net assets in securities that pay interest subject to federal income tax, including federal AMT and also invests up to 10% of total assets in below investment-grade municipal securities. Normally the fund's dollar-weighted average effective maturity is between 5 and 20 years. It is non-diversified.

 

 What we like about Wells Fargo Advantage MN Tax-Free A (NMTFX) Fund

Data for Wells Fargo Advantage MN Tax-Free A Fund (NMTFX) as of May 30, 2016

• Wells Fargo Advantage MN Tax-Free A Fund (NMTFX) management has been with Wells Fargo Advantage MN Tax-Free A Fund for 10.7 years
• Wells Fargo Advantage MN Tax-Free A Fund (NMTFX) ratio of up-years vs down years is greater than 2
• Asset base in Wells Fargo Advantage MN Tax-Free A Fund (NMTFX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
• Wells Fargo Advantage MN Tax-Free A Fund (NMTFX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.54, lower than category average of 3.37
• Wells Fargo Advantage MN Tax-Free A Fund (NMTFX) has a lower expense ratio than its Muni Minnesota average: 0.85% vs 0.96%

 What we are cautious about Wells Fargo Advantage MN Tax-Free A (NMTFX) Fund

Data for Wells Fargo Advantage MN Tax-Free A Fund (NMTFX) as of May 30, 2016

• Wells Fargo Advantage MN Tax-Free A Fund (NMTFX) has a less-than-ideal short-term performance (1-year return 4.31% vs 4.55% Muni Minnesota category median performance)
• Wells Fargo Advantage MN Tax-Free A Fund (NMTFX) has a less-than-ideal mid-term performance (3-year return 3.22% vs 3.37% Muni Minnesota category median performance)
• Wells Fargo Advantage MN Tax-Free A Fund (NMTFX) has a less-than-ideal Long-term performance (5-year return 4.27% vs 4.37% Muni Minnesota category median performance)
• Wells Fargo Advantage MN Tax-Free A Fund (NMTFX) has a Morningstar rating of 3 and below
• Wells Fargo Advantage MN Tax-Free A Fund (NMTFX) is less safe compared to its Muni Minnesota peers
• Wells Fargo Advantage MN Tax-Free A Fund (NMTFX) has an annual stock turnover rate of 20.00% that is higher than the Muni Minnesota average of 8.07%. This could mean Wells Fargo Advantage MN Tax-Free A is more nimble, but also signal potential high tax impact and high trading fees
• Wells Fargo Advantage MN Tax-Free A Fund (NMTFX) carries a 4.5% load

See Wells Fargo Advantage MN Tax-Free A Fund (NMTFX) performance details as of May 30, 2016

 

What do you think?

 

Compare with other top Muni Minnesota category mutual funds

Aadditional top Muni Minnesota mutual funds for your consideration

Fund	Year to Date	1 Year	3 year	5 year
Wells Fargo Advantage MN Tax-Free A	2.04	4.31	3.22	4.27
Columbia Minnesota Tax-Exempt A (IMNTX)	2.47	5.73	4.15	5.39	Compare
Delaware MN High-Yield Muni Bd A (DVMHX)	2.26	4.97	3.67	5.22	Compare
Columbia Minnesota Tax-Exempt Z (CMNZX)	2.76	5.99	4.41	5.65	Compare

See top fund managers for Muni Minnesota Category Funds

 

Wells Fargo Advantage MN Tax-Free A (NMTFX) Fund Net Asset

Track net asset change of Wells Fargo Advantage MN Tax-Free A fund (NMTFX)

Date	Net Asset
05/2016	$177.24M
03/2016	$171.85M
02/2016	$170.97M

More historic net asset information on Wells Fargo Advantage MN Tax-Free A Fund (NMTFX)

  

Wells Fargo Advantage MN Tax-Free A (NMTFX) Fund Portfolio Allocation

Track portfolio allocation change of Wells Fargo Advantage MN Tax-Free A fund (NMTFX)

Date	Cash	Stock	Bond	Other
04/2016	5.03%	0%	94.97%	0%
02/2016	7.71%	0%	92.29%	0%
01/2016	5.57%	0%	94.43%	0%

Click here to see more historic asset allocation information on Wells Fargo Advantage MN Tax-Free A Fund (NMTFX)

 

Top 10 Holdings in Wells Fargo Advantage MN Tax-Free A (NMTFX) Fund

Discover what Wells Fargo Advantage MN Tax-Free A Fund (NMTFX) manager is buying

Apr 29, 2016 Univ Minn Spl Purp Rev Spec Purp 5% [2.83%] Southern Minn Mun Pwr Agy Pwr Cap Appre [2.69%] Minnesota Agric & Econ Dev Rev Bds 5% [2.37%] Univ Minn Go Bds 5% [1.73%] Minnesota St Mun Pwr Agy Elec Elec 5% [1.49%] St Paul Minn Hsg & Redev Auth 5% [1.47%] Washington Cnty Minn Go Cap Im 5% [1.47%] Minnesota St For Previous Issu Go Sta 5% [1.41%] St Paul Minn Port Auth 5% [1.37%] St Cloud Minn Health Care Rev Rev Bds 5% [1.36%]

Feb 28, 2016 Univ Minn Spl Purp Rev Spec Purp 5% [2.95%] Southern Minn Mun Pwr Agy Pwr Cap Appre [2.78%] Minnesota Agric & Econ Dev Rev Bds 5% [2.45%] Minnesota St Mun Pwr Agy Elec Elec 5% [1.55%] Washington Cnty Minn Go Cap Im 5% [1.53%] Minnesota St For Previous Issu Go Sta 5% [1.48%] St Paul Minn Port Auth 5% [1.41%] Minnesota St Gen Fd Rev St Gen 5% [1.38%] St Paul Minn Hsg & Redev Auth 5% [1.37%]

Jan 30, 2016 Univ Minn Spl Purp Rev Spec Purp 5% [3%] Southern Minn Mun Pwr Agy Pwr Cap Appre [2.81%] Minnesota Agric & Econ Dev Rev Bds 5% [2.49%] Elk River Minn Indpt Sch Dist 5% [1.99%] Minnesota St Mun Pwr Agy Elec Elec 5% [1.57%] Washington Cnty Minn Go Cap Im 5% [1.55%] St Paul Minn Hsg & Redev Auth 5% [1.54%] Minnesota St For Previous Issu Go Sta 5% [1.5%] St Paul Minn Port Auth 5% [1.44%] Minnesota St Gen Fd Rev St Gen 5% [1.4%]

Click here for Stock Holding Change Map in Wells Fargo Advantage MN Tax-Free A Fund (NMTFX)

  

Latest News on Wells Fargo Advantage MN Tax-Free A (NMTFX) Fund

See what is happening with Wells Fargo Advantage MN Tax-Free A Fund (NMTFX)

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