ENCYX: Wells Fargo North Carolina Tax-Free Inst

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ENCYX Wells Fargo North Carolina Tax-Free Inst


Profile

ENCYX - Profile

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return 1.7%
  • 5 Yr Annualized Return 3.0%
  • Net Assets $43.7 M
  • Holdings in Top 10 43.7%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 5.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA $1,000,000

Fund Classification

  • Primary Caregory N/A
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Single State Long

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.14%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Wells Fargo North Carolina Tax-Free Fund
  • Fund Family Name
    Wells Fargo Funds
  • Inception Date
    Feb 28, 1994
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

The fund normally 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 North Carolina individual income tax. It invests up to 20% of the fund's net assets in securities whose interest is subject to federal income tax, including federal AMT. The fund is non-diversified.


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Categories

ENCYX - Mutual Fund Categories


Performance

ENCYX - Performance

Return Ranking - Trailing

Period ENCYX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -2.8% 8.1% N/A
1 Yr 3.2% -4.5% 7.5% N/A
3 Yr 1.7%* -2.2% 2.6% N/A
5 Yr 3.0%* -1.1% 2.3% N/A
10 Yr 4.3%* -1.1% 3.6% N/A

* Annualized

Return Ranking - Calendar

Period ENCYX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -7.2% 11.0% N/A
2018 N/A -10.1% 6.8% N/A
2017 N/A -4.9% 0.0% N/A
2016 N/A -5.6% 1.8% N/A
2015 N/A -34.8% 15.6% N/A

Total Return Ranking - Trailing

Period ENCYX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -2.8% 8.1% N/A
1 Yr 3.2% -4.5% 7.5% N/A
3 Yr 1.7%* -2.2% 2.6% N/A
5 Yr 3.0%* -1.1% 4.3% N/A
10 Yr 4.3%* -1.1% 5.6% N/A

* Annualized

Total Return Ranking - Calendar

Period ENCYX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -7.2% 11.0% N/A
2018 N/A -10.1% 6.9% N/A
2017 N/A -4.9% 1.0% N/A
2016 N/A -5.6% 4.0% N/A
2015 N/A -34.8% 16.3% N/A

NAV & Total Return History


Holdings

ENCYX - Holdings

Concentration Analysis

ENCYX Category Low Category High ENCYX % Rank
Net Assets 43.7 M 6.42 M 20.6 B N/A
Number of Holdings 40 31 4231 N/A
Net Assets in Top 10 20.9 M 261 K 2.92 B N/A
Weighting of Top 10 43.65% 2.5% 57.1% N/A

Top 10 Holdings

  1. NORTH CAROLINA MUN PWR AGY NO 1 CATAWBA ELEC REV 5% 5.85%
  2. CHARLOTTE N C ARPT REV 5.5% 5.50%
  3. UNIVERSITY N C GREENSBORO REV 5% 4.74%
  4. NEW HANOVER CNTY N C HOSP REV 5% 4.49%
  5. NORTH CAROLINA MED CARE COMMN HOSP REV 5.25% 4.36%
  6. NORTH CAROLINA ST PORTS AUTH PORT FACS REV 5% 4.31%
  7. UNIVERSITY N C GREENSBORO REV 5% 3.82%
  8. CHARLOTTE N C ARPT REV 5% 3.69%
  9. NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV 5% 3.54%
  10. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% 3.37%

Asset Allocation

Weighting Return Low Return High ENCYX % Rank
Bonds
94.92% -0.60% 102.82% N/A
Cash
5.09% -2.82% 92.17% N/A
Stocks
0.00% 0.00% 0.24% N/A
Preferred Stocks
0.00% 0.00% 0.00% N/A
Other
0.00% -2.39% 8.43% N/A
Convertible Bonds
0.00% 0.00% 0.00% N/A

Bond Sector Breakdown

Weighting Return Low Return High ENCYX % Rank
Municipal
94.91% 0.00% 103.29% N/A
Cash & Equivalents
5.09% -2.82% 92.17% N/A
Derivative
0.00% -0.20% 0.00% N/A
Securitized
0.00% 0.00% 0.00% N/A
Corporate
0.00% 0.00% 4.72% N/A
Government
0.00% -12.23% 5.93% N/A

Bond Geographic Breakdown

Weighting Return Low Return High ENCYX % Rank
US
91.44% -0.60% 102.38% N/A
Non US
3.48% 0.00% 22.38% N/A

Expenses

ENCYX - Expenses

Operational Fees

ENCYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.09% 2.11% N/A
Management Fee 0.40% 0.08% 1.30% N/A
12b-1 Fee 0.00% 0.00% 1.00% N/A
Administrative Fee 0.08% 0.00% 0.33% N/A

Sales Fees

ENCYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

ENCYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ENCYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 5.00% 3.00% 293.00% N/A

Distributions

ENCYX - Distributions

Dividend Yield Analysis

ENCYX Category Low Category High ENCYX % Rank
Dividend Yield 0.02% 0.00% 3.02% N/A

Dividend Distribution Analysis

ENCYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

ENCYX Category Low Category High ENCYX % Rank
Net Income Ratio 3.14% -0.21% 4.62% N/A

Capital Gain Distribution Analysis

ENCYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

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Fund Manager Analysis

ENCYX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 39.77 9.01 1.5