Municipal Money Market Fund – Institutional Class
All information on this page is as of| Fund Number | 3164 |
| Ticker | WFMXX |
| CUSIP | 949921555 |
| 7-Day Current Yield as of 11-06-09 | 0.21% |
| 7-Day Effective Yield | 0.21% |
| YTD Return | 0.48% |
| Investment Minimum | $10,000,000 |
| Inception Date | 10-23-1986 |
| Net Fund Assets as of 09-30-2009 | $471,258,779.50 |
Average Annual Total Return – as of 09-30-2009
| 1-year | 3-year | 5-year | 10-year | Since Inception | |
| Municipal Money Market Fund | 0.99% | 2.19% | 2.19% | 2.17% | 3.29% |
| Lipper Tax-Exempt Money Market Funds Average | 0.51% | 1.88% | 1.95% | 1.83% | -- |
Month-End Performance – as of 9-30-09 | |||||
| 1-year | 3-year | 5-year | 10-year | Since Inception | |
| Municipal Money Market Fund | 0.99% | 2.19% | 2.19% | 2.17% | 3.29% |
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 -0.07%. These reductions may be discontinued.
Calendar Year Returns
Institutional Class shares incepted on March 31, 2008. Performance shown for the Institutional Class reflects the performance of the Investor 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 | -- |
| NAIC Approval | No |
Portfolio Statistics – as of 09-30-2009
| Number of Securities | 142 |
| Weighted Average Effective Maturity | 12.00 Day(s) |
| Expense Ratio – effective since 07-01-09 | 0.20% |
Portfolio Composition as of 09-30-2009
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 MANAGER
 |
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. |
OBJECTIVE
| The Municipal Money Market Fund Seeks current income exempt from regular federal income tax, while preserving capital and liquidity.PRINCIPAL STRATEGIES
| We actively manage a portfolio of high-quality, short-term municipal obligations that are issued by or on behalf of states, territories and possessions of the U.S. or their political subdivisions and financing authorities. These investments may have fixed, floating, or variable rates of interest. We will only purchase First Tier securities. We may invest 25% or more of the Fund's total assets in industrial development bonds and in participation interests in these securities.We invest principally in municipal obligations that pay interest exempt from regular federal income tax, but not necessarily federal AMT. The Fund attempts to invest exclusively in these securities however, it is possible that the Fund may invest up to 20% of its net assets in high-quality, short-term money market instruments that pay interest subject to federal income tax.
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.
The Fund may temporarily deviate from its principal investment strategies by investing its assets in high-quality, short-term money market instruments that pay interest subject to federal income tax. Circumstances in which the Fund may invest in these securities include, but are not limited to, periods of low or no availability of eligible municipal obligations or in order to manage liquidity. If the Fund invests in securities, it may distribute taxable income.
A portion of the Fund's income may be subject to federal, state and/or local income taxes or the alternative minimum tax (AMT). Any capital gains distributions may be taxable.
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®.
© 2009 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.
