Investment Test Drive

WMBIX Wells Fargo Municipal Bond Inst

1 lower fee alternative found

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Fund WMBIX Wells Fargo Municipal Bond Inst RVNU Deutsche X-trackers Muni Infras Revn Bd  
Similarity
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100% 89%
Annual Fees
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$46.96
(0.46% Exp. Ratio)
$30.63
(0.30% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.08% annual return
$16,170.02 $16,968.22
Est. savings over 30 yrs +$798.20
Return
As of 10/31/16
1 YR RETURN 5.25%
3 YR 6.09%
5 YR 5.83%
10 YR 5.30%
1 YR RETURN 7.50%
3 YR 7.85%
5 YR --
10 YR --
Description
The investment seeks income exempt from federal income tax. The fund normally invests at least 80% of the fund's net assets in municipal securities whose interest is exempt from federal income tax, but not necessarily federal alternative minimum tax (AMT). It invests up to 20% of the fund's total assets in securities whose interest is subject to federal AMT. While the fund may purchase securities of any maturity, under normal circumstances, the advisor expects the fund's dollar-weighted average effective maturity to be between 3 and 20 years.
The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive Municipal Infrastructure Revenue Bond Index (the "underlying index"). The fund will invest at least 80% of its total assets (but typically far more) in instruments that comprise the underlying index. The underlying index is comprised of tax-exempt municipal securities issued by states, cities, counties, districts, their respective agencies, and other tax-exempt issuers. 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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