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SCTAX Wells Fargo California Tax-Free A

1 lower fee alternative found

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Fund SCTAX Wells Fargo California Tax-Free A BCHYX American Century CA Hi-Yld Muni Inv  
Similarity
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100% 92%
Annual Fees
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$76.56
(0.75% Exp. Ratio)
$51.04
(0.50% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.08% annual return
$14,813.10 $15,974.34
Est. savings over 30 yrs +$1,161.24
Return
As of 11/30/16
1 YR RETURN -0.60%
3 YR 4.36%
5 YR 4.71%
10 YR 4.21%
1 YR RETURN 0.60%
3 YR 5.81%
5 YR 5.37%
10 YR 4.35%
Description
The investment seeks current income exempt from federal income tax and California individual income tax. The fund invests at least 80% of its net assets in municipal securities whose interest is exempt from federal income tax, including federal alternative minimum tax (AMT), and California individual income tax. It invests up to 20% of the fund's net assets in securities whose interest is subject to federal income tax. The fund invests up to 10% of its total assets in below investment-grade municipal securities; and up to 10% of the fund's total assets in inverse floaters. It is non-diversified.
The investment seeks high current income that is exempt from federal and California income taxes. The fund invests at least 80% of the fund's net assets in municipal securities with income payments exempt from federal and California income taxes. It invests in California municipal and other debt securities with an emphasis on high-yield securities. A high-yield security is one that has been rated below investment-grade, or determined by the investment advisor to be of similar quality. The portfolio managers also may buy unrated securities if they determine such securities meet the investment objectives of the fund. The fund is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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