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SMAIX Wells Fargo Ultra Shrt-Term Muni IncInst

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Fund SMAIX Wells Fargo Ultra Shrt-Term Muni IncInst VMLTX Vanguard Ltd-Term Tx-Ex SUB iShares Short-Term National Muni Bond  
100% 90% 89%
Annual Fees
(0.37% Exp. Ratio)
(0.20% Exp. Ratio)
(0.25% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.85% annual return
$15,485.80 $16,298.44 $16,055.24
Est. savings over 30 yrs +$812.64 +$569.44
As of 9/30/16
1 YR RETURN 0.63%
3 YR 0.54%
5 YR 0.65%
10 YR 2.04%
1 YR RETURN 1.76%
3 YR 1.67%
5 YR 1.51%
10 YR 2.59%
1 YR RETURN 0.73%
3 YR 0.79%
5 YR 0.79%
10 YR --
The investment seeks current income exempt from federal income tax, consistent with capital preservation. 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 1 year or less.
The investment seeks current income that is exempt from federal personal income taxes, with limited price volatility. The fund has no limitations on the maturity of individual securities, but is expected to maintain a dollar-weighted average maturity of 2 to 6 years. At least 75% of the securities held by the fund are municipal bonds in the top three credit-rating categories as determined by a nationally recognized statistical rating organization or, if unrated, determined to be of comparable quality by the advisor. The remaining 5% may be invested in securities with lower credit ratings or, if unrated, determined to be of comparable quality by the advisor.
The investment seeks to track the investment results of the S&P Short Term National AMT-Free Municipal Bond IndexTM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index measures the performance of the short-term investment-grade segment of the U.S. municipal bond market.

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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.


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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