WFNXX: Wells Fargo National Tax-Free Money Market Fund - MutualFunds.com

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Wells Fargo National Tax-Free MMkt Prem

WFNXX - Snapshot

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 1.1%
  • 5 Yr Annualized Return 0.8%
  • Net Assets $1.02 B
  • Holdings in Top 10 21.7%

52 WEEK LOW AND HIGH

$1.00
$1.00
$1.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.27%

SALES FEES

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

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $10,000,000
  • IRA N/A

Fund Classification


Compare WFNXX to Popular Tax-Free Money Market Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$1.00

0.00%

$17.15 B

1.43%

$0.01

0.00%

0.15%

$1.00

0.00%

$14.99 B

-

$0.01

0.15%

$1.00

0.00%

$13.21 B

1.19%

$0.01

0.00%

0.48%

$1.00

0.00%

$9.62 B

0.94%

$0.01

0.00%

0.64%

$1.00

0.00%

$5.95 B

1.39%

$0.01

0.00%

0.21%

WFNXX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.28%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Wells Fargo National Tax-Free Money Market Fund
  • Fund Family Name
    Wells Fargo Funds
  • Inception Date
    Jan 07, 1988
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Management Team

Fund Description

The fund normally invests exclusively in high-quality, short-term, U.S. dollar-denominated money market instruments. It invests at least 80% of its net assets in municipal obligations that pay interest exempt from federal income tax and federal alternative minimum tax ("AMT"). The fund may invest up to 20% of its net assets in high quality, short-term money market instruments that pay interest subject to federal income tax and/or federal AMT. It will only purchase securities that the adviser has determined present minimal credit risk.


WFNXX - Performance

Return Ranking - Trailing

Period WFNXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 71.78%
1 Yr 0.7% 0.0% 0.9% 8.87%
3 Yr 1.1%* 0.0% 1.5% 5.91%
5 Yr 0.8%* 0.0% 0.9% 3.61%
10 Yr 0.4%* 0.0% 0.5% 5.03%

* Annualized

Return Ranking - Calendar

Period WFNXX Return Category Return Low Category Return High Rank in Category (%)
2019 0.0% 0.0% 0.0% 71.28%
2018 0.0% 0.0% 0.0% 71.01%
2017 0.0% 0.0% 0.0% 68.99%
2016 N/A 0.0% 0.0% 61.99%
2015 N/A 0.0% 0.0% 61.50%

Total Return Ranking - Trailing

Period WFNXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 71.78%
1 Yr 0.7% -0.9% 0.9% 8.87%
3 Yr 1.1%* 0.0% 1.5% 5.91%
5 Yr 0.8%* 0.0% 0.9% 3.61%
10 Yr 0.4%* 0.0% 0.5% 5.03%

* Annualized

Total Return Ranking - Calendar

Period WFNXX Return Category Return Low Category Return High Rank in Category (%)
2019 0.0% 0.0% 0.0% 71.28%
2018 0.0% 0.0% 0.0% 71.11%
2017 0.0% 0.0% 0.0% 69.05%
2016 N/A 0.0% 0.0% 62.24%
2015 N/A 0.0% 0.0% 61.71%

NAV & Total Return History


WFNXX - Holdings

Concentration Analysis

WFNXX Category Low Category High WFNXX % Rank
Net Assets 1.02 B 25.7 M 17.1 B 44.44%
Number of Holdings 165 1 991 32.37%
Net Assets in Top 10 223 M 16.9 M 15 B 46.38%
Weighting of Top 10 21.71% 9.7% 100.0% 82.61%

Top 10 Holdings

  1. IOWA FIN AUTH MIDWESTERN DISASTER AREA ECONOMIC DEV REV 0.3% 3.24%
  2. Dallas Tex Iam Coml Paper Nts Coml Pape 0.15% 2.34%
  3. Bank of America Corporation 0.07% 2.26%
  4. DALLAS TEX IAM COML PAPER NTS 3/A2 SER A 0.25% 2.26%
  5. BROWARD CNTY FLA HALF-CENT SALES TAX REV 5.25% 2.14%
  6. METROPOLITAN TRANSN AUTH N Y REV 0.19% 2.14%
  7. NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 0.2% 2.08%
  8. MICHIGAN FIN AUTH REV 4% 2.01%
  9. LOUISIANA ST 5% 2.00%
  10. OHIO ST SPL OBLIG 0.19% 1.96%

Asset Allocation

Weighting Return Low Return High WFNXX % Rank
Bonds
90.33% 0.00% 100.00% 28.50%
Cash
9.67% 0.00% 100.00% 69.57%
Stocks
0.00% 0.00% 0.00% 71.98%
Preferred Stocks
0.00% 0.00% 0.00% 71.98%
Other
0.00% 0.00% 15.48% 76.81%
Convertible Bonds
0.00% 0.00% 0.00% 71.98%

Bond Sector Breakdown

Weighting Return Low Return High WFNXX % Rank
Municipal
90.33% 0.00% 100.00% 31.40%
Cash & Equivalents
9.67% 0.00% 100.00% 69.57%
Derivative
0.00% 0.00% 0.00% 71.98%
Securitized
0.00% 0.00% 0.00% 71.98%
Corporate
0.00% 0.00% 0.00% 71.98%
Government
0.00% 0.00% 32.00% 74.88%

Bond Geographic Breakdown

Weighting Return Low Return High WFNXX % Rank
US
90.33% 0.00% 100.00% 28.50%
Non US
0.00% 0.00% 1.49% 71.98%

WFNXX - Expenses

Operational Fees

WFNXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.27% 0.15% 1.67% 86.70%
Management Fee 0.15% 0.08% 0.50% 29.95%
12b-1 Fee 0.00% 0.00% 0.75% 9.52%
Administrative Fee N/A 0.03% 0.50% 45.79%

Sales Fees

WFNXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

WFNXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

WFNXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 16.00% N/A

WFNXX - Distributions

Dividend Yield Analysis

WFNXX Category Low Category High WFNXX % Rank
Dividend Yield 0.00% 0.00% 0.56% 72.46%

Dividend Distribution Analysis

WFNXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Daily Monthly

Net Income Ratio Analysis

WFNXX Category Low Category High WFNXX % Rank
Net Income Ratio 1.28% 0.01% 2.15% 25.62%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

WFNXX - Fund Manager Analysis

Managers

Management Team


Start Date

Tenure

Tenure Rank

Jul 01, 2007

13.26

13.3%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.58 32.45 13.43 13.6