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Wells Fargo Advantage Interm T/AmtF A (WFTAX) Fund Ranking and Research

Ranking, Research and Recommendation of Wells Fargo Advantage Interm T/AmtF A (WFTAX) Fund

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Graph of Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) ManagerFund Manager - Robert J. Miller

Fund Manager Information

Fund Manager Tenure: 12.3 years
Similar Funds: WFTFX 
Fund Family: Wells Fargo Funds
Fund Category: Muni National Interm
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.52)     (What does this score mean?)

 

Graph of Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) ProfileWells Fargo Advantage Interm T/AmtF A Fund (WFTAX) Profile

Fund Profile and Description

Wells Fargo Advantage Interm T/AmtF A Fund seeks current income exempt from federal income tax. Wells Fargo Advantage Interm T/AmtF A Fund invests at least 80% of net assets in municipal securities that pay interest exempt from federal income tax, including federal alternative minimum tax (AMT). It also invests up to 15% of total assets in below investment-grade municipal securities. Normally the fund does not invest in securities that pay interest subject to federal income tax or federal AMT. It may use futures, options or swap agreements, as well as other derivatives, to manage risk or to enhance return. Wells Fargo Advantage Interm T/AmtF A Fund’s dollar-weighted average effective maturity is between 3 and 10 years.

 

Wells Fargo Advantage Interm T/AmtF A (WFTAX) Fund Strength What we like about Wells Fargo Advantage Interm T/AmtF A (WFTAX) Fund

Data for Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) as of May 30, 2016

  • Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) management has been with Wells Fargo Advantage Interm T/AmtF A Fund for 12.3 years
  • Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) has good Long-term performance (5-year return 4.24% vs 4.14% Muni National Interm category median performance)
  • Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) ratio of up-years vs down years is greater than 2
  • Asset base in Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.78, lower than category average of 3.29
  • Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) has a lower expense ratio than its Muni National Interm average: 0.70% vs 0.80%

Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) Weakness What we are cautious about Wells Fargo Advantage Interm T/AmtF A (WFTAX) Fund

Data for Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) as of May 30, 2016

  • Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) has a less-than-ideal short-term performance (1-year return 4.47% vs 4.71% Muni National Interm category median performance)
  • Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) has a less-than-ideal mid-term performance (3-year return 3.02% vs 3.10% Muni National Interm category median performance)
  • Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) has a Morningstar rating of 3 and below
  • Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) is less safe compared to its Muni National Interm peers
  • Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) has an annual stock turnover rate of 38.00% that is higher than the Muni National Interm average of 22.40%. This could mean Wells Fargo Advantage Interm T/AmtF A is more nimble, but also signal potential high tax impact and high trading fees
  • Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) carries a 3% load
See Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) performance details as of May 30, 2016

 

What do you think?

 

Compare Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX)Compare with other top Muni National Interm category mutual funds

Aadditional top Muni National Interm mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Wells Fargo Advantage Interm T/AmtF A1.884.473.024.24
Eaton Vance TABS 5 to15 Yr Lad Muni Bd I (EILTX)3.408.176.377.87Compare
BlackRock Strategic Muni Opps Inv A1 (MDMTX)3.297.784.275.68Compare
USAA Tax Exempt Intermediate-Term (USATX)2.525.223.514.92Compare

See top fund managers for Muni National Interm Category Funds

 

Compare Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX)Compare with Muni National Interm category ETFs

Some Muni National Interm ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Intermediate Muni ETF (ITM)2.55%7.15%4.62%
iShares National AMT-Free Muni Bond (MUB)2.19%5.72%4.01%
PIMCO Intermediate Municipal Bd Actv ETF (MUNI)1.61%4.98%2.60%
Columbia Intermediate Municipal Bond ETF (GMMB)000

 

Graph of Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) Net Asset TrackingWells Fargo Advantage Interm T/AmtF A (WFTAX) Fund Net Asset

Track net asset change of Wells Fargo Advantage Interm T/AmtF A fund (WFTAX)

DateNet Asset
05/2016$2.62B
03/2016$2.53B
02/2016$2.52B
More historic net asset information on Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX)

  

Graph of Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) Portfolio TrackingWells Fargo Advantage Interm T/AmtF A (WFTAX) Fund Portfolio Allocation

Track portfolio allocation change of Wells Fargo Advantage Interm T/AmtF A fund (WFTAX)

DateCashStockBondOther
04/20165.5%0%94.5%0%
02/20166.31%0%93.69%0%
01/20164.71%0%95.29%0%
Click here to see more historic asset allocation information on Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX)

 

graph of Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) Top 10 Position TrackingTop 10 Holdings in Wells Fargo Advantage Interm T/AmtF A (WFTAX) Fund

Discover what Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX) manager is buying

Apr 29, 2016
Miami-Dade Cnty Fla Sch Brd Ct Ctfs [0.98%]
St James Parish La Rev Var Rate 0.7% [0.98%]
New York N Y City Transitional Var 0.52% [0.91%]
Illinois Fin Auth 0.4% [0.78%]
New Jersey St Transn Tr Fd Aut Ctfs [0.78%]
Bay Area Toll Auth 1.65% [0.77%]
Illinois St Sales Tax Rev Rev Bds 5% [0.76%]
Univ Calif Regts Med Ctr Poole Rev 5.25% [0.71%]
Maryland St Go Ref Bd 0.02% [0.7%]
Chicago Ill Go Bds 5% [0.67%]

Feb 28, 2016
St James Parish La Rev Var Rate 0.6% [1%]
Miami-Dade Cnty Fla Sch Brd Ct Ctfs [1%]
Bay Area Toll Auth 1.65% [0.79%]
New Jersey St Transn Tr Fd Aut Ctfs [0.79%]
Illinois St Sales Tax Rev Rev Bds 5% [0.77%]
Univ Calif Regts Med Ctr Poole Rev 5.25% [0.72%]
Maryland St Go Ref Bd 0.02% [0.71%]
Chicago Ill Go Bds 5% [0.69%]
New York N Y G O Bds 0.46% [0.66%]
New Jersey Econ Dev Auth 5% [0.66%]

Jan 30, 2016
St James Parish La Rev Var Rate 0.39% [1%]
Miami-Dade Cnty Fla Sch Brd Ct Ctfs [1%]
Bay Area Toll Auth 1.26% [0.8%]
New Jersey St Transn Tr Fd Aut Ctfs [0.8%]
Illinois St Sales Tax Rev Rev Bds 5% [0.77%]
Univ Calif Regts Med Ctr Poole Rev 5.25% [0.73%]
New York N Y G O Bds 0.21% [0.72%]
Maryland St Go Ref Bd 0.02% [0.71%]
Chicago Ill Go Bds 5% [0.69%]
New Jersey Econ Dev Auth 5% [0.66%]
Click here for Stock Holding Change Map in Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX)

  

Latest News on Wells Fargo Advantage Interm T/AmtF A (WFTAX) Fund

See what is happening with Wells Fargo Advantage Interm T/AmtF A Fund (WFTAX)

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