Wells Fargo Strategic Municipal Bd Adm
- VMPYX
- Price as of: Jan 15, 2021
-
$9.32
N/A N/A
- Primary Theme
- Municipal Bond
- Fund Company
- Wells Fargo
- Share Class
VMPYX - Snapshot
Vitals
- YTD Return 0.1%
- 3 Yr Annualized Return 3.4%
- 5 Yr Annualized Return 2.8%
- Net Assets $2.86 B
- Holdings in Top 10 9.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.73%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 26.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000,000
- IRA N/A
Fund Classification
-
Primary Theme
Municipal Bond
- Fund Type Open End Mutual Fund
- Investment Style Muni National Short
VMPYX - Profile
Distributions
- YTD Total Return 0.1%
- 3 Yr Annualized Total Return 3.4%
- 5 Yr Annualized Total Return 2.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.92%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWells Fargo Strategic Municipal Bond Fund
-
Fund Family NameWells Fargo Funds
-
Inception DateOct 06, 1997
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRobert Miller
Fund Description
The fund normally invests at least 80% of the fund's net assets in municipal securities whose interest is exempt from regular federal income tax, but not necessarily the federal alternative minimum tax (AMT). It invests up to 35% of the fund's total assets in below investment-grade municipal securities. The fund invests principally in municipal securities of states, territories and possessions of the United States whose interest is exempt from regular federal income tax, but not necessarily federal AMT.
VMPYX - Performance
Return Ranking - Trailing
Period | VMPYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.1% | -0.9% | 1.1% | 20.26% |
1 Yr | 3.2% | -1.0% | 10.1% | 79.78% |
3 Yr | 3.4%* | -0.4% | 9.8% | 69.43% |
5 Yr | 2.8%* | -0.3% | 7.8% | 67.88% |
10 Yr | 3.0%* | -0.1% | 10.2% | 81.15% |
* Annualized
Return Ranking - Calendar
Period | VMPYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 1.4% | -2.8% | 310.0% | 61.36% |
2019 | 2.6% | -0.3% | 15.4% | 84.24% |
2018 | 0.1% | -10.3% | 97.2% | 2.80% |
2017 | 1.2% | -100.0% | 7.6% | 57.81% |
2016 | -1.6% | -7.9% | 96.8% | 10.91% |
Total Return Ranking - Trailing
Period | VMPYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.1% | -0.9% | 1.1% | 20.26% |
1 Yr | 3.2% | -5.0% | 10.1% | 52.71% |
3 Yr | 3.4%* | -2.4% | 9.8% | 54.44% |
5 Yr | 2.8%* | -1.4% | 7.8% | 56.76% |
10 Yr | 3.0%* | -0.1% | 10.2% | 78.83% |
* Annualized
Total Return Ranking - Calendar
Period | VMPYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 1.4% | -2.8% | 310.0% | 61.36% |
2019 | 2.6% | -0.3% | 15.4% | 84.30% |
2018 | 0.1% | -10.3% | 11.0% | 6.75% |
2017 | 1.2% | -100.0% | 7.6% | 61.62% |
2016 | -1.6% | -7.9% | 3.0% | 14.88% |
NAV & Total Return History
VMPYX - Holdings
Concentration Analysis
VMPYX | Category Low | Category High | VMPYX % Rank | |
---|---|---|---|---|
Net Assets | 2.86 B | 582 K | 81.8 B | 13.08% |
Number of Holdings | 807 | 3 | 10805 | 12.44% |
Net Assets in Top 10 | 273 M | -199 M | 4.13 B | 13.85% |
Weighting of Top 10 | 9.42% | 2.4% | 100.0% | 85.75% |
Top 10 Holdings
- TEXAS ST 5% 1.66%
- ST JAMES PARISH LA REV 0.18% 1.17%
- MIZUHO FLOATER / RESIDUAL TR VAR STS 0.33% 0.98%
- MASSACHUSETTS ST DEV FIN AGY REV 5% 0.97%
- PORT AUTH N Y & N J 5% 0.93%
- DALLAS FORT WORTH TEX INTL ARPT REV 5% 0.79%
- CHESAPEAKE BAY BRDG & TUNL DIST VA REV 5% 0.77%
- SHELBY CNTY TENN HEALTH EDL & HSG FACS BRD REV 0.13% 0.75%
- TENDER OPT BD TR RCPTS / CTFS VAR STS 0.26% 0.73%
- PHOENIX ARIZ INDL DEV AUTH HEALTH CARE FACS REV 0.12% 0.72%
Asset Allocation
Weighting | Return Low | Return High | VMPYX % Rank | |
---|---|---|---|---|
Bonds | 97.63% | 15.80% | 147.66% | 66.55% |
Cash | 2.37% | -47.66% | 84.20% | 31.88% |
Stocks | 0.00% | 0.00% | 1.92% | 40.17% |
Preferred Stocks | 0.00% | -0.96% | 1.04% | 37.08% |
Other | 0.00% | -13.14% | 12.83% | 38.67% |
Convertible Bonds | 0.00% | 0.00% | 1.50% | 37.54% |
Bond Sector Breakdown
Weighting | Return Low | Return High | VMPYX % Rank | |
---|---|---|---|---|
Municipal | 97.41% | 15.02% | 100.00% | 67.50% |
Cash & Equivalents | 2.37% | 0.00% | 84.20% | 32.05% |
Corporate | 0.22% | 0.00% | 15.75% | 5.88% |
Derivative | 0.00% | 0.00% | 0.85% | 37.37% |
Securitized | 0.00% | 0.00% | 6.51% | 38.72% |
Government | 0.00% | 0.00% | 84.56% | 41.15% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | VMPYX % Rank | |
---|---|---|---|---|
US | 97.56% | 15.80% | 141.34% | 43.81% |
Non US | 0.07% | 0.00% | 28.07% | 72.30% |
VMPYX - Expenses
Operational Fees
VMPYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.73% | 0.01% | 16.95% | 54.70% |
Management Fee | 0.37% | 0.00% | 1.10% | 30.41% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 6.53% |
Administrative Fee | 0.10% | 0.01% | 0.47% | 34.01% |
Sales Fees
VMPYX 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 | 0.25% | 5.50% | N/A |
Trading Fees
VMPYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
VMPYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 26.00% | 0.00% | 299.40% | 63.37% |
VMPYX - Distributions
Dividend Yield Analysis
VMPYX | Category Low | Category High | VMPYX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 2.99% | 40.96% |
Dividend Distribution Analysis
VMPYX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
VMPYX | Category Low | Category High | VMPYX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.92% | -1.65% | 6.48% | 72.79% |
Capital Gain Distribution Analysis
VMPYX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Mar 29, 2019 | $0.016 |
Feb 28, 2019 | $0.017 |
Jan 31, 2019 | $0.016 |
Dec 31, 2018 | $0.016 |
Nov 30, 2018 | $0.018 |
Oct 31, 2018 | $0.016 |
Aug 31, 2018 | $0.017 |
Jul 31, 2018 | $0.014 |
Jun 29, 2018 | $0.015 |
May 31, 2018 | $0.015 |
Apr 30, 2018 | $0.015 |
Mar 29, 2018 | $0.015 |
Feb 28, 2018 | $0.014 |
Jan 31, 2018 | $0.014 |
Dec 29, 2017 | $0.013 |
Nov 30, 2017 | $0.012 |
Oct 31, 2017 | $0.012 |
Sep 29, 2017 | $0.013 |
Aug 31, 2017 | $0.013 |
Jul 31, 2017 | $0.012 |
Jun 30, 2017 | $0.014 |
May 31, 2017 | $0.014 |
Apr 28, 2017 | $0.013 |
Mar 31, 2017 | $0.015 |
Feb 28, 2017 | $0.014 |
Jan 31, 2017 | $0.013 |
Dec 30, 2016 | $0.012 |
Nov 30, 2016 | $0.010 |
Oct 31, 2016 | $0.010 |
Sep 30, 2016 | $0.011 |
Aug 31, 2016 | $0.010 |
Jul 29, 2016 | $0.010 |
Jun 30, 2016 | $0.011 |
May 31, 2016 | $0.011 |
Apr 29, 2016 | $0.010 |
Mar 31, 2016 | $0.020 |
Feb 29, 2016 | $0.013 |
Jan 29, 2016 | $0.012 |
Dec 31, 2015 | $0.012 |
Nov 30, 2015 | $0.012 |
Oct 30, 2015 | $0.013 |
Sep 30, 2015 | $0.014 |
Aug 31, 2015 | $0.011 |
Jul 31, 2015 | $0.012 |
Jun 30, 2015 | $0.011 |
May 29, 2015 | $0.011 |
Apr 30, 2015 | $0.010 |
Mar 31, 2015 | $0.009 |
Feb 27, 2015 | $0.010 |
Jan 30, 2015 | $0.008 |
Dec 31, 2014 | $0.008 |
Nov 28, 2014 | $0.008 |
Oct 31, 2014 | $0.009 |
Sep 30, 2014 | $0.009 |
Aug 29, 2014 | $0.011 |
Jul 31, 2014 | $0.011 |
Jun 30, 2014 | $0.011 |
May 30, 2014 | $0.013 |
Apr 30, 2014 | $0.014 |
Mar 31, 2014 | $0.014 |
Feb 28, 2014 | $0.017 |
Jan 31, 2014 | $0.018 |
Dec 31, 2013 | $0.018 |
Nov 29, 2013 | $0.018 |
Oct 31, 2013 | $0.017 |
Sep 30, 2013 | $0.015 |
Aug 30, 2013 | $0.016 |
Jul 31, 2013 | $0.013 |
Jun 28, 2013 | $0.010 |
May 31, 2013 | $0.010 |
Apr 30, 2013 | $0.011 |
Mar 28, 2013 | $0.011 |
Feb 28, 2013 | $0.012 |
Jan 31, 2013 | $0.012 |
Dec 31, 2012 | $0.012 |
Nov 30, 2012 | $0.013 |
Oct 31, 2012 | $0.014 |
Sep 28, 2012 | $0.014 |
Aug 31, 2012 | $0.014 |
Jul 31, 2012 | $0.015 |
Jun 29, 2012 | $0.014 |
May 31, 2012 | $0.015 |
Apr 30, 2012 | $0.015 |
Mar 30, 2012 | $0.015 |
Feb 29, 2012 | $0.016 |
Jan 31, 2012 | $0.018 |
Dec 30, 2011 | $0.021 |
Nov 30, 2011 | $0.020 |
Oct 31, 2011 | $0.021 |
Sep 30, 2011 | $0.023 |
Aug 31, 2011 | $0.022 |
Jul 29, 2011 | $0.024 |
Jun 30, 2011 | $0.024 |
May 31, 2011 | $0.024 |
Apr 29, 2011 | $0.025 |
Mar 31, 2011 | $0.026 |
Feb 28, 2011 | $0.026 |
Jan 31, 2011 | $0.025 |
Dec 31, 2010 | $0.024 |
Nov 30, 2010 | $0.023 |
Oct 29, 2010 | $0.022 |
Sep 30, 2010 | $0.022 |
Aug 31, 2010 | $0.019 |
Jul 30, 2010 | $0.021 |
VMPYX - Fund Manager Analysis
Managers
Robert Miller
Start Date
Tenure
Tenure Rank
Oct 01, 2010
10.26
10.3%
Robert Miller is a senior portfolio manager for the Wells Fargo Asset Management (WFAM) Municipal Fixed Income team, where he manages both mutual funds and separate accounts. Prior to joining WFAM in 2008, Robert worked for American Century Investments for 10 years where he was part of team managing the firm’s municipal bond portfolios. Robert had direct responsibility for the firm’s national intermediate- and long-term investment grade strategies. In addition, he managed several other state-specific funds for the firm. Robert also served as a member of its analytical team. Earlier, Robert spent eight years in New York as a municipal bond analyst with Moody’s Investors Service where he served as an analyst in the States and High Profile Ratings Group as well as the Airport Credit Group, the Southeast Regional Ratings Group, and the Mid-Atlantic Regional Ratings Group. He also founded a small venture capital firm and served as a consultant with Black and Veatch and KPMG Peat Marwick, where he specialized in conducting financial feasibility studies in support of large infrastructure projects. Robert earned a bachelor’s degree in business administration with a concentration in finance from San Jose State University and a master’s degree in business administration from the Leonard N. Stern School of Business at New York University.
Terry Goode
Start Date
Tenure
Tenure Rank
Mar 28, 2019
1.76
1.8%
Terry Goode is a senior portfolio manager for the Wells Fargo Asset Management (WFAM) Municipal Fixed Income team, where he manages California, Arizona, Colorado, and Oregon funds and separate accounts. Previously, Terry served as the leader of the WFAM Tax-Exempt Research team, where he managed a group of professionals who provide credit research for the Municipal Fixed Income team. He also specialized in directly covering a number of municipal sectors. Prior to joining WFAM in 2002, he performed similar research duties and provided bond ratings as a director at Standard & Poor’s Credit Market Services, focusing on health care, education and nonprofit sectors. He began his investment industry career in 1995 when he held a similar position with Wells Fargo Bank’s health care division, analyzing the credit quality for a variety of nonprofit and corporate health care organizations. He earned a bachelor’s degree in economics from the University of California, Los Angeles, and a master’s degree in business administration with an emphasis in finance and investment strategy from the Haas School of Business at the University of California, Berkeley. Terry is a member of the California Society of Municipal Analysts, the National Federation of Municipal Analysts and the Healthcare Financial Management Association. His industry comments can often be found in The Bond Buyer.
Nicholos Venditti
Start Date
Tenure
Tenure Rank
Sep 01, 2020
0.33
0.3%
Nicholos Venditti is a senior portfolio manager for the Wells Fargo Asset Management (WFAM) Municipal Fixed Income team. Before joining WFAM, he spent 10 years at Thornburg Investment Management, most recently as a portfolio manager and head of the municipal bond group. Earlier positions include serving as a portfolio manager on seven mutual funds and separately managed accounts with total assets of approximately $10 billion. Prior to Thornburg, Nicholos held a variety of roles focused on municipal credit analysis at Financial Security Assurance/Assured Guaranty where he began his investment industry career in 2007. Nick earned a bachelor’s degree in theoretical economics from Trinity University and a master’s degree in applied economics from University of North Carolina – Greensboro, where he also served as an adjunct professor. He received a master’s degree in finance from Syracuse University and has earned the right to use the Chartered Financial Analyst® (CFA) designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.06 | 35.78 | 6.93 | 0.16 |