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Wells Fargo Advantage Municipal Bond Adm (WMFDX) Fund Ranking and Research

Ranking, Research and Recommendation of Wells Fargo Advantage Municipal Bond Adm (WMFDX) Fund

    Last Trade: $10.12 on 3/22/2017, Change: +0.02 (0.2%)

 

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

Fund Manager Information

Fund Manager Tenure: 8.9 years
Similar Funds: WMFAX  WMFBX  WMFCX 
Fund Family: Wells Fargo Funds
Fund Category: Muni National Long
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.74)     (What does this score mean?)
Honorable Mentioning: Lipper Awards (2011),

 

Graph of Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) ProfileWells Fargo Advantage Municipal Bond Adm Fund (WMFDX) Profile

Fund Profile and Description

Wells Fargo Advantage Municipal Bond Adm Fund seeks income exempt from federal income taxes. Wells Fargo Advantage Municipal Bond Adm 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 Adm 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 Adm Fund’s dollar-weighted average effective maturity is normally between 5 and 20 years.

 

Wells Fargo Advantage Municipal Bond Adm (WMFDX) Fund Strength What we like about Wells Fargo Advantage Municipal Bond Adm (WMFDX) Fund

Data for Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) as of May 30, 2016

  • Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) management has been with Wells Fargo Advantage Municipal Bond Adm Fund for 8.9 years
  • Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) has good short-term performance (1-year return 6.50% vs 5.73% Muni National Long category median performance)
  • Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) has good mid-term performance (3-year return 4.68% vs 3.84% Muni National Long category median performance)
  • Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) has good Long-term performance (5-year return 6.29% vs 5.50% Muni National Long category median performance)
  • Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) ratio of up-years vs down years is greater than 2
  • Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) has a Morningstar rating of 4 and above
  • Asset base in Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) is less volatile than its peers as it has a 3-year Standard Deviation of 3.62, lower than category average of 4.16
  • Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) has a lower expense ratio than its Muni National Long average: 0.60% vs 0.86%
  • Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) Weakness What we are cautious about Wells Fargo Advantage Municipal Bond Adm (WMFDX) Fund

Data for Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) as of May 30, 2016

  • Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) has an annual stock turnover rate of 27.00% that is higher than the Muni National Long average of 21.44%. This could mean Wells Fargo Advantage Municipal Bond Adm is more nimble, but also signal potential high tax impact and high trading fees
See Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) performance details as of May 30, 2016

 

What do you think?

 

Compare Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX)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 Adm2.756.504.686.29
Columbia AMT-Free Tax-Exempt Bond A (INTAX)3.116.984.916.56Compare
Nuveen All-American Municipal Bond I (FAARX)3.607.045.187.16Compare
T. Rowe Price Summit Municipal Inc (PRINX)3.126.564.576.13Compare

See top fund managers for Muni National Long Category Funds

 

Compare Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX)Compare with Muni National Long category ETFs

Some Muni National Long ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Long Municipal ETF (MLN)000
SPDR Nuveen Barclays Municipal Bond ETF (TFI)000
Market Vectors CEF Municipal Income ETF (XMPT)000

 

Graph of Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) Net Asset TrackingWells Fargo Advantage Municipal Bond Adm (WMFDX) Fund Net Asset

Track net asset change of Wells Fargo Advantage Municipal Bond Adm fund (WMFDX)

DateNet Asset
05/2016$2.90B
03/2016$2.82B
02/2016$2.77B
More historic net asset information on Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX)

  

Graph of Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) Portfolio TrackingWells Fargo Advantage Municipal Bond Adm (WMFDX) Fund Portfolio Allocation

Track portfolio allocation change of Wells Fargo Advantage Municipal Bond Adm fund (WMFDX)

DateCashStockBondOther
04/20162.86%0%97.14%0%
02/20163.18%0%96.81%0%
01/20161.57%0%98.42%0%
Click here to see more historic asset allocation information on Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX)

 

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

Discover what Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX) manager is buying

Apr 29, 2016
Us Long Bond(Cbt) Jun16 Xcbt 20160621 [4.96%]
New York N Y City Mun Wtr Fin Wtr And 5% [1.41%]
New York N Y City Mun Wtr Fin Rev Bds 5% [1.3%]
Wyandotte Cnty Kans City Kans Sales Tax [1.19%]
Tender Opt Bd Tr Rcpts / Ctfs Ctfs [1.15%]
Cook Cnty Ill Go Ref Bd 5% [1.08%]
Bay Area Toll Auth 1.65% [1.02%]
Texas Mun Gas Acquisition & Su Rev Bds [0.97%]
Vermont St Stud Assist Student L [0.93%]
Northern Calif Gas Auth 1.138% [0.92%]

Feb 28, 2016
Us Long Bond(Cbt) Jun16 Xcbt 20160621 [4.19%]
New York N Y City Mun Wtr Fin Wtr And 5% [1.46%]
New Jersey Econ Dev Auth 2% [1.33%]
New York N Y City Mun Wtr Fin Rev Bds 5% [1.31%]
iShares iBoxx $ High Yield Corporate Bd [1.21%]
Puttable Fltg Opt Tax Exempt R Ctfs [1.18%]
Wyandotte Cnty Kans City Kans Sales Tax [1.15%]
Cook Cnty Ill Go Ref Bd 5% [1.1%]
Bay Area Toll Auth 1.65% [1.04%]
Texas Mun Gas Acquisition & Su Rev Bds [0.99%]

Jan 30, 2016
Us Long Bond(Cbt) Mar16 Xcbt 20160321 [2.41%]
New York N Y City Mun Wtr Fin Wtr And 5% [1.45%]
New Jersey Econ Dev Auth 1.61% [1.33%]
New York N Y City Mun Wtr Fin Rev Bds 5% [1.3%]
iShares iBoxx $ High Yield Corporate Bd [1.18%]
Puttable Fltg Opt Tax Exempt R Ctfs [1.17%]
Wyandotte Cnty Kans City Kans Sales Tax [1.15%]
Cook Cnty Ill Go Ref Bd 5% [1.09%]
Bay Area Toll Auth 1.26% [1.05%]
Texas Mun Gas Acquisition & Su Rev Bds [0.97%]
Click here for Stock Holding Change Map in Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX)

  

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See what is happening with Wells Fargo Advantage Municipal Bond Adm Fund (WMFDX)

 

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