Cash Investment Money Market Fund – Institutional Class
All information on this page is as of 09-03-10 unless otherwise noted| Fund Number | 451 |
| Ticker | WFIXX |
| CUSIP | 94975H437 |
| 7-Day Current Yield as of 09-03-10 | 0.20% |
| 7-Day Effective Yield | 0.20% |
| YTD Return | 0.10% |
| Investment Minimum | $10,000,000 |
| Inception Date | 10-14-1987 |
| Net Fund Assets as of 07-31-2010 | $16,649,550,822.61 |
Average Annual Total Return – as of 06-30-2010
| 1-year | 3-year | 5-year | 10-year | Since Inception | |
| Cash Investment Money Market Fund | 0.19% | 1.99% | 3.07% | 2.82% | 4.43% |
| Lipper Institutional Money Market Funds Average | 0.10% | 1.77% | 2.84% | 2.60% | -- |
Month-End Performance – as of 7-31-10 | |||||
| 1-year | 3-year | 5-year | 10-year | Since Inception | |
| Cash Investment Money Market Fund | 0.18% | 1.85% | 3.02% | 2.76% | 4.42% |
Figures quoted represent past performance, which is no guarantee of future results. Investment returns and yields will fluctuate. The Fund's yield figures more closely reflect the current earnings of the Fund than the total return figures. Current performance may be lower or higher than the performance data quoted.
Money market funds are sold without a front-end sales charge or contingent deferred sales charge. Other fees and expenses apply to an investment in the Fund and are described in the Fund's current prospectus.
The adviser has committed to certain fee waivers and/or expense reimbursements. Without these reductions, the Fund's seven-day current yield would have been 0.17%. These reductions may be discontinued.
Calendar Year Returns
Institutional Class shares incepted on November 8, 1999. Performance shown prior to the inception of the Institutional Class reflects the performance of the Service Class shares, and includes expenses that are not applicable to and are higher than those of the Institutional Class shares.
• View historical daily yields
Ratings
| S&P | -- |
| Moody's | -- |
Portfolio Statistics – as of 07-31-2010
| Number of Securities | 562 |
| Weighted Average Effective Maturity | 25.00 Day(s) |
| Expense Ratio – effective since 07-01-10 | 0.20% |
Portfolio Composition as of 07-31-2010
Percent total may not add to 100% due to rounding. Portfolio composition is subject to change and may have changed since the date specified.
ADVISER
| Wells Fargo Funds Management, LLCSUB-ADVISER
| Wells Capital Management Incorporated ("Wells Capital Management")PORTFOLIO MANAGERS
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David D. Sylvester Mr. Sylvester is an Executive Vice President with Wells Capital Management, sub-advisor to Wells Fargo Advantage Funds. For two decades, he has maintained a steadfast discipline of rigorous credit analysis and attentive capital preservation that has earned both him and our money market funds a distinguished reputation for risk controlled cash management. Mr. Sylvester began his career as a fixed income manager at the National Bank of Detroit in 1974. He joined Norwest Corporation as a fixed income portfolio manager and trader in 1979, later becoming manager of the fixed income institutional group. Norwest subsequently merged with Wells Capital Management. Since 1987, Mr. Sylvester has specialized in short-term investments and the management of money market funds. |
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Laurie White Ms. White has been with Wells Fargo & Company and its predecessors in an investment management capacity since 1990. Ms. White joined Wells Capital Management in 1998 as a Managing Director and simultaneously was a Director for Reserve Asset Management at Norwest Investment Management (since 1997) until Wells Capital Management and Norwest Investment Management combined investment management services under the Wells Capital Management name in 1999. Ms. White currently co-manages certain of the Wells Fargo indexed mutual funds, private accounts, and collective trust funds. Ms. White earned her B.A. degree in Political Science from Carleton College and her M.B.A. degree from the University of Minnesota. |
OBJECTIVE
| The Cash Investment Money Market Fund seeks current income, while preserving capital and liquidity.PRINCIPAL STRATEGIES
| We actively manage a portfolio of high-quality, short-term, U.S. dollar-denominated money market instruments. We will only purchase First Tier securities. These include, but are not limited to, bank obligations such as time deposits and certificates of deposit, government securities, asset-backed securities, commercial paper, corporate bonds and repurchase agreements. These investments may have fixed, floating, or variable rates of interest and may be obligations of U.S. or foreign issuers.Our security selection is based on several factors, including credit quality, yield and maturity, while taking into account the Fund's overall level of liquidity and average maturity.
An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Wells Fargo Advantage Money Market Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund.
This Web site is accompanied by current prospectuses for Wells Fargo Advantage Funds®.
© 2010 Wells Fargo Funds Management, LLC. All rights
reserved. Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, provides investment advisory and administrative services for Wells Fargo Advantage Funds. Other affiliates of Wells Fargo & Company provide subadvisory and other services for the Funds. The Funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate of Wells Fargo & Company.
