National Tax-Exempt Money Market Fund

(redirected from National Tax-Free Money Market Fund)

National Tax-Exempt Money Market Fund

A mutual fund that invests predominantly or exclusively in municipal bonds with maturities of less than one year. Tax-exempt money market funds are intended to provide a return at little risk (compared to other investments) that is nonetheless better than the risk-free rate of return. Because it invests in municipal bonds, dividends from the fund are tax-free at the federal level (though they may be subject to state tax unless all bonds in the fund are issued in the state where the holder resides).
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Wells Fargo Advantage National Tax-Free Money Market Fund at 'AAAmmf'.
As of July 2, 2012, Wells Fargo Advantage Municipal Cash Management Money Market Fund and Wells Fargo Advantage National Tax-Free Money Market Fund had approximately $2.
As of July 2, 2012, Wells Fargo Advantage Municipal Cash Management Money Market Fund had WAM of 15 days and WAL of 15 days, while Wells Fargo Advantage National Tax-Free Money Market Fund had WAM of 11 days and WAL of 11 days.
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