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Wells Fargo Advantage Municipal Bond Inv (SXFIX) Fund Ranking and Research

Ranking, Research and Recommendation of Wells Fargo Advantage Municipal Bond Inv (SXFIX) Fund

    Last Trade: $10.28 on 7/29/2015, Change: -0.01 (-0.1%)

 

Graph of Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) ManagerFund Manager - Robert J. Miller

Fund Manager Information

Fund Manager Tenure: 7.2 years
Fund Family: Wells Fargo Advantage
Fund Category: Muni National Long
Fund Performance: May 30, 2015
Fundmojo Fund Grade: A (Score: 0.7)     (What does this score mean?)
Honorable Mentioning: Market Watch (2011),

 

Graph of Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) ProfileWells Fargo Advantage Municipal Bond Inv Fund (SXFIX) Profile

Fund Profile and Description

Wells Fargo Advantage Municipal Bond Inv Fund seeks income exempt from federal income taxes. Wells Fargo Advantage Municipal Bond Inv Fund normally invests at least 80% of net assets in municipal securities that pay interest exempt from regular federal income tax, but not necessarily the federal alternative minimum tax (AMT). It invests up to 20% of assets in securities that pay interest subject to federal AMT. Wells Fargo Advantage Municipal Bond Inv Fund invests up to 20% of total assets in below investment-grade municipal securities. It may use futures, options or swap agreements, as well as other derivatives, to manage risk or to enhance return. Wells Fargo Advantage Municipal Bond Inv Fund’s dollar-weighted average effective maturity is normally between 5 and 20 years.

 

Wells Fargo Advantage Municipal Bond Inv (SXFIX) Fund Strength What we like about Wells Fargo Advantage Municipal Bond Inv (SXFIX) Fund

Data for Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) as of May 30, 2015

  • Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) management has been with Wells Fargo Advantage Municipal Bond Inv Fund for 7.2 years
  • Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) has good mid-term performance (3-year return 4.08% vs 3.33% Muni National Long category median performance)
  • Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) has good Long-term performance (5-year return 5.57% vs 4.74% Muni National Long category median performance)
  • Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) ratio of up-years vs down years is greater than 2
  • Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) has a Morningstar rating of 4 and above
  • Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) is less volatile than its peers as it has a 3-year Standard Deviation of 3.85, lower than category average of 4.53
  • Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) has a lower expense ratio than its Muni National Long average: 0.79% vs 0.90%
  • Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) Weakness What we are cautious about Wells Fargo Advantage Municipal Bond Inv (SXFIX) Fund

Data for Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) as of May 30, 2015

  • Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) has a less-than-ideal short-term performance (1-year return 2.94% vs 3.44% Muni National Long category median performance)
  • Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) has an annual stock turnover rate of 37.00% that is higher than the Muni National Long average of 23.73%. This could mean Wells Fargo Advantage Municipal Bond Inv is more nimble, but also signal potential high tax impact and high trading fees
  • Asset base in Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) has been consistently decreasing in the last 2 months. It shows lacks of investor confidence and market support
See Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) performance details as of May 30, 2015

 

What do you think?

 

Compare Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX)Compare with other top Muni National Long category mutual funds

Aadditional top Muni National Long mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Wells Fargo Advantage Municipal Bond Inv-0.402.944.085.57
Nuveen All-American Municipal Bond I (FAARX)0.715.494.496.37Compare
T. Rowe Price Summit Municipal Inc (PRINX)0.154.153.895.23Compare
USAA Tax Exempt Long-Term (USTEX)0.313.453.865.48Compare

See top fund managers for Muni National Long Category Funds

 

Compare Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX)Compare with Muni National Long category ETFs

Some Muni National Long ETFs for your consideration

ETFYear to DateOne YearThree Year
PowerShares Insured National Muni Bond (PZA)-0.39%4.74%3.48%
Market Vectors CEF Municipal Income ETF (XMPT)0.67%4.63%2.78%
Market Vectors Long Municipal Index ETF (MLN)-1.42%3.59%3.03%
SPDR Nuveen Barclays Capital Muni Bond (TFI)-0.75%2.49%2.46%

 

Graph of Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) Net Asset TrackingWells Fargo Advantage Municipal Bond Inv (SXFIX) Fund Net Asset

Track net asset change of Wells Fargo Advantage Municipal Bond Inv fund (SXFIX)

DateNet Asset
05/2015$3.20B
04/2015$3.28B
03/2015$3.29B
More historic net asset information on Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX)

  

Graph of Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) Portfolio TrackingWells Fargo Advantage Municipal Bond Inv (SXFIX) Fund Portfolio Allocation

Track portfolio allocation change of Wells Fargo Advantage Municipal Bond Inv fund (SXFIX)

DateCashStockBondOther
04/20151.99%0%98.01%0%
03/20152.37%0%97.63%0%
02/20151.66%0%98.34%0%
Click here to see more historic asset allocation information on Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX)

 

graph of Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) Top 10 Position TrackingTop 10 Holdings in Wells Fargo Advantage Municipal Bond Inv (SXFIX) Fund

Discover what Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) manager is buying

Apr 29, 2015
Us 10yr Note(Cbt) Jun15 Xcbt 20150619 [5.32%]
Us Long Bond(Cbt) Jun15 Xcbt 20150619 [4.74%]
Metropolitan Transn Auth 5.25% [1.63%]
New York N Y City Mun Wtr Fin Wtr And 5% [1.34%]
New Jersey Econ Dev Auth 1.7% [1.33%]
New York St Urban Dev Corp Rev Income 5% [1.26%]
California St For Previous Iss Go Ref 5% [1.17%]
New York N Y City Mun Wtr Fin Rev Bds 5% [1.14%]
M-S-R Engy Auth 6.125% [1.06%]
Vermont St Stud Assist Student L [1.02%]

Mar 30, 2015
Us 10yr Note(Cbt) Jun15 Xcbt 20150619 [5.37%]
Us Long Bond(Cbt) Jun15 Xcbt 20150619 [4.9%]
Metropolitan Transn Auth 5.25% [1.67%]
Tobacco Settlement Fing Corp R Tob 0.06% [1.47%]
New York N Y City Mun Wtr Fin Wtr And 5% [1.35%]
New Jersey Econ Dev Auth 1.64% [1.34%]
New York St Urban Dev Corp Rev Income 5% [1.29%]
California St For Previous Iss Go Ref 5% [1.19%]
New York N Y City Mun Wtr Fin Rev Bds 5% [1.17%]
M-S-R Engy Auth 6.125% [1.08%]

Feb 27, 2015
Metropolitan Transn Auth 5.25% [1.62%]
Tobacco Settlement Fing Corp R Tob 0.22% [1.43%]
New Jersey Econ Dev Auth 1.62% [1.33%]
New York N Y City Mun Wtr Fin Wtr And 5% [1.32%]
New York St Urban Dev Corp Rev Income 5% [1.25%]
California St For Previous Iss Go Ref 5% [1.16%]
New York N Y City Mun Wtr Fin Rev Bds 5% [1.13%]
M-S-R Engy Auth 6.125% [1.08%]
Cook Cnty Ill Go Ref Bd 5% [1%]
Vermont St Stud Assist Student L [1%]
Click here for Stock Holding Change Map in Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX)

  

Latest News on Wells Fargo Advantage Municipal Bond Inv (SXFIX) Fund

See what is happening with Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX)

 

Wells Fargo Advantage Municipal Bond Inv Fund (SXFIX) Related ResourcesSee more information on Wells Fargo Advantage Municipal Bond Inv (SXFIX) Fund

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