WHYCX: Wells Fargo High Yield Municipal Bd C

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

WHYCX Wells Fargo High Yield Municipal Bd C


Profile

WHYCX - Profile

Vitals

  • YTD Return -8.8%
  • 3 Yr Annualized Return -0.8%
  • 5 Yr Annualized Return -0.5%
  • Net Assets $78.6 M
  • Holdings in Top 10 19.3%

52 WEEK LOW AND HIGH

$10.12
$9.73
$11.36

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.84%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 20.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification


Distributions

  • YTD Total Return -8.8%
  • 3 Yr Annualized Total Return -0.8%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.91%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Wells Fargo High Yield Municipal Bond Fund
  • Fund Family Name
    Wells Fargo Funds
  • Inception Date
    Jan 31, 2013
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Dennis Derby

Fund Description

The fund 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. At least 50% of the fund's total assets in municipal securities rated BBB and below or comparable unrated municipal securities.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Fund Company Quick Screens

WHYCX - Fund Company Quick Screens


Performance

WHYCX - Performance

Return Ranking - Trailing

Period WHYCX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.8% -14.2% 0.5% 76.17%
1 Yr -7.2% -13.9% 5.3% 74.87%
3 Yr -0.8%* -3.1% 1.8% 27.11%
5 Yr -0.5%* -2.3% 1.6% 35.61%
10 Yr N/A* -1.4% 1.7% N/A

* Annualized

Return Ranking - Calendar

Period WHYCX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -0.7% 9.1% 50.27%
2018 -0.3% -4.8% 9.2% 14.37%
2017 4.7% -9.7% 8.6% 26.45%
2016 -4.3% -6.1% -0.8% 91.89%
2015 0.7% -5.6% 2.9% 26.72%

Total Return Ranking - Trailing

Period WHYCX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.8% -14.2% 0.5% 76.17%
1 Yr -7.2% -13.9% 5.3% 74.87%
3 Yr -0.8%* -3.1% 1.8% 30.12%
5 Yr -0.5%* -2.3% 2.2% 39.39%
10 Yr N/A* -1.4% 4.2% N/A

* Annualized

Total Return Ranking - Calendar

Period WHYCX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -0.7% 9.1% 50.27%
2018 -0.3% -4.8% 9.2% 18.39%
2017 4.7% -9.7% 8.8% 29.68%
2016 -4.3% -6.1% 1.0% 91.89%
2015 0.7% -5.6% 5.3% 30.53%

NAV & Total Return History


Holdings

WHYCX - Holdings

Concentration Analysis

WHYCX Category Low Category High WHYCX % Rank
Net Assets 78.6 M 366 K 17.9 B 91.33%
Number of Holdings 131 6 3645 90.72%
Net Assets in Top 10 17.9 M -38.7 M 2.51 B 87.11%
Weighting of Top 10 19.29% 4.2% 98.8% 20.10%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High WHYCX % Rank
Bonds
98.83% 81.55% 148.07% 32.47%
Cash
1.16% -1.98% 17.48% 61.86%
Stocks
0.00% 0.00% 3.60% 27.32%
Preferred Stocks
0.00% -48.07% 0.00% 16.49%
Other
0.00% -0.68% 1.30% 33.51%
Convertible Bonds
0.00% 0.00% 0.00% 17.01%

Bond Sector Breakdown

Weighting Return Low Return High WHYCX % Rank
Municipal
98.84% 83.27% 100.00% 35.57%
Cash & Equivalents
1.16% 0.00% 16.36% 62.37%
Derivative
0.00% 0.00% 0.26% 25.26%
Securitized
0.00% 0.00% 0.00% 17.01%
Corporate
0.00% 0.00% 5.11% 45.36%
Government
0.00% -2.36% 1.20% 27.84%

Bond Geographic Breakdown

Weighting Return Low Return High WHYCX % Rank
US
98.54% 74.35% 141.91% 9.28%
Non US
0.29% 0.00% 14.58% 90.72%

Expenses

WHYCX - Expenses

Operational Fees

WHYCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.84% 0.21% 2.78% 6.25%
Management Fee 0.50% 0.00% 1.25% 42.13%
12b-1 Fee 0.75% 0.00% 1.00% 64.04%
Administrative Fee 0.16% 0.01% 0.35% 83.93%

Sales Fees

WHYCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load 1.00% 1.00% 5.50% 26.19%

Trading Fees

WHYCX 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.

WHYCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 5.10% 125.00% 38.34%

Distributions

WHYCX - Distributions

Dividend Yield Analysis

WHYCX Category Low Category High WHYCX % Rank
Dividend Yield 0.00% 0.00% 1.21% 49.24%

Dividend Distribution Analysis

WHYCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

WHYCX Category Low Category High WHYCX % Rank
Net Income Ratio 2.91% 1.99% 5.67% 91.15%

Capital Gain Distribution Analysis

WHYCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

WHYCX - Fund Manager Analysis

Managers

Dennis Derby


Start Date

Tenure

Tenure Rank

Jan 31, 2013

7.25

7.3%

Mr. Derby joined Wells Capital Management or one of its predecessor firms in 1995, where he currently serves as a Senior Research Analyst and Portfolio Manager with the Tax- Exempt Fixed-Income team.

Terry Goode


Start Date

Tenure

Tenure Rank

Jan 31, 2013

7.25

7.3%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.35 6.98 0.44