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Trending ETFs

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

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Vitals

YTD Return

N/A

1 yr return

-0.1%

3 Yr Avg Return

0.2%

5 Yr Avg Return

0.5%

Net Assets

$5.41 B

Holdings in Top 10

13.0%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.77%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 44.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

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SMUAX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return 0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.20%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Wells Fargo Advantage Ultra Short Term Municipal Income Fund
  • Fund Family Name
    Wells Fargo Advantage
  • Inception Date
    Nov 30, 1995
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Wendy Casetta

Fund Description


SMUAX - Performance

Return Ranking - Trailing

Period SMUAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 0.0% 5.8% N/A
1 Yr -0.1% -2.6% 5.6% N/A
3 Yr 0.2%* -3.2% 1.4% N/A
5 Yr 0.5%* -1.8% 2.3% N/A
10 Yr 2.0%* -8.7% 2.3% N/A

* Annualized

Return Ranking - Calendar

Period SMUAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -4.8% 0.8% N/A
2022 N/A -0.9% 5.6% N/A
2021 N/A -6.1% 7.3% N/A
2020 N/A -10.9% 2.6% N/A
2019 N/A -60.4% 12.0% N/A

Total Return Ranking - Trailing

Period SMUAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 0.0% 6.0% N/A
1 Yr -0.1% -2.5% 7.0% N/A
3 Yr 0.2%* -3.2% 3.2% N/A
5 Yr 0.5%* -1.8% 3.7% N/A
10 Yr 2.0%* -8.7% 4.8% N/A

* Annualized

Total Return Ranking - Calendar

Period SMUAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -4.8% 1.7% N/A
2022 N/A -0.9% 6.2% N/A
2021 N/A -6.1% 7.3% N/A
2020 N/A -9.6% 3.9% N/A
2019 N/A -60.4% 12.0% N/A

SMUAX - Holdings

Concentration Analysis

SMUAX Category Low Category High SMUAX % Rank
Net Assets 5.41 B 762 K 68.3 B N/A
Number of Holdings 731 3 8426 N/A
Net Assets in Top 10 566 M -4.59 M 2.02 B N/A
Weighting of Top 10 12.96% 2.5% 100.0% N/A

Top 10 Holdings

  1. Georgia St Go Ref Bd 1.95%
  2. California St For Previous Iss Go Bds 4% 1.64%
  3. Houston Tex Indpt Sch Dist 3% 1.56%
  4. Massachusetts St Go Bds 0.22% 1.38%
  5. Us 5yr Note (Cbt) Dec15 Xcbt 20151231 1.28%
  6. Chicago Ill Brd Ed Go Dedica 0.77% 1.24%
  7. New York N Y Ars 0.47% 1.00%
  8. Kentucky Pub Transn Infrastruc Rev Bd 5% 1.00%
  9. San Antonio Tex Elec & Gas Rev Var Rt Jr 0.97%
  10. California St Ctfs 0.94%

Asset Allocation

Weighting Return Low Return High SMUAX % Rank
Bonds
82.45% 17.56% 101.83% N/A
Cash
17.55% -1.83% 82.44% N/A
Stocks
0.00% 0.00% 0.39% N/A
Preferred Stocks
0.00% 0.00% 8.94% N/A
Other
0.00% -1.53% 30.00% N/A
Convertible Bonds
0.00% 0.00% 2.66% N/A

Bond Sector Breakdown

Weighting Return Low Return High SMUAX % Rank
Municipal
81.83% 0.00% 104.99% N/A
Cash & Equivalents
17.55% -2.41% 82.44% N/A
Corporate
1.66% 0.00% 39.71% N/A
Securitized
0.23% 0.00% 23.62% N/A
Derivative
0.00% 0.00% 0.08% N/A
Government
-1.28% -6.32% 93.35% N/A

Bond Geographic Breakdown

Weighting Return Low Return High SMUAX % Rank
US
82.45% 17.56% 101.37% N/A
Non US
0.00% 0.00% 23.82% N/A

SMUAX - Expenses

Operational Fees

SMUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.09% 4.80% N/A
Management Fee 0.32% 0.00% 0.65% N/A
12b-1 Fee 0.00% 0.00% 1.00% N/A
Administrative Fee 0.24% 0.01% 0.34% N/A

Sales Fees

SMUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 5.50% N/A

Trading Fees

SMUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 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.

SMUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 44.00% 0.00% 739.25% N/A

SMUAX - Distributions

Dividend Yield Analysis

SMUAX Category Low Category High SMUAX % Rank
Dividend Yield 0.00% 0.00% 2.53% N/A

Dividend Distribution Analysis

SMUAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

SMUAX Category Low Category High SMUAX % Rank
Net Income Ratio 0.20% 0.01% 4.95% N/A

Capital Gain Distribution Analysis

SMUAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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SMUAX - Fund Manager Analysis

Managers

Wendy Casetta


Start Date

Tenure

Tenure Rank

Dec 31, 2005

9.75

9.8%

Wendy Casetta is a senior portfolio manager for the Wells Capital Management Tax-Exempt Fixed Income team. She joined Wells Capital Management from Strong Capital Management where she held a similar position. Prior to joining Strong, Wendy was a fixed income trader and investment associate at Barnett Capital Advisors in Jacksonville, FL. She began her investment industry career in 1993 as a registered representative at the Nicholas Company in Milwaukee, WI. Wendy earned a bachelor’s degree in finance from the University of Wisconsin, Oshkosh, and a master’s degree in business administration from the University of North Florida, Jacksonville.

Lyle J. Fitterer


Start Date

Tenure

Tenure Rank

Jul 01, 2000

15.26

15.3%

Lyle Fitterer is head of the Tax-Exempt Fixed Income team at Wells Capital Management, where he manages portfolio teams focused on municipal fixed income strategies. In addition to this role, Lyle also served as head of the WellsCap Customized Fixed Income team, which manages taxable longer duration strategies, from mid-2005 to early 2009. Lyle joined the firm in 2005 from Strong Capital Management. At Strong, he was appointed director of Strong’s Municipal Fixed Income team in 2000. Prior to that, he served in a variety of other roles with the firm, including managing director of Strong’s Institutional Client Services team where he was responsible for overseeing institutional and intermediary sales. For six years prior to that, Lyle was a member of the Strong Taxable Fixed Income team, initially as an analyst and trader and then as a portfolio manager specializing in mortgage and asset-backed securities. Lyle began his investment career in 1989. He earned a bachelor’s degree in accounting from the University of North Dakota. He is a Certified Public Accountant and has earned the right to use the CFA designation. Lyle is a member of CFA Institute. His views have been cited in various publications including: The Wall Street Journal, Bloomberg, Barron's, and The Bond Buyer.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 39.77 7.57 4.32