Municipal Money Market Fund – WMUXX

 


 

7-Day Current Yield 05-24-13 0.01%
7-Day Current Pre-Waiver Yield -0.60%
7-Day Effective Yield 0.01%
YTD Return 0.00%
Inception Date 11-02-1988
Net Fund Assets 04-30-2013 $851,156,019.19

PERFORMANCE

AVERAGE ANNUAL TOTAL RETURNS % as of 03-31-2013

  1-year 3-year 5-year 10-year Inception
NAV 0.03 0.02 0.29 1.04 2.46

Lipper Tax-Exempt Money Market Funds Average

  1-year 3-year 5-year 10-year Inception
  0.01 0.02 0.29 1.07 --

Important disclosure

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.
Net asset value (NAV) is the value of one share of the fund excluding any sales charges. Returns for periods of less than one year are not annualized.
The adviser has committed to certain fee waivers and/or expense reimbursements. These reductions may be discontinued at any time. If fees had not been waived, the 7-Day current yield would have been -0.60%, and the total return would have been lower.
Source: Lipper, Inc. The Lipper Tax-Exempt Money Market Funds Average is an average of funds that invest in high quality municipal obligations with dollar weighted average maturities of less than 90 days. These funds intend to keep a constant net asset value. The total return of the Lipper Average does not include the effect of sales charges. You cannot invest directly in a Lipper Average.

The inception date of Class A shares was 1-5-95. Historical performance shown for Class A prior to its inception is based on the performance of the Service Class, the original class offered, and have not been adjusted to reflect the higher expenses applicable to Classes A. If these returns had been adjusted, returns would be lower. Historical performance shown for Class A prior to 7-12-10 is based on the performance of the fund’s predecessor, the Evergreen Municipal Money Market Fund.

HOLDINGS

TOP HOLDINGS % of net assets as of 04-30-2013

FHLMC, 0.26%, 2013-05-02 2.68%
Traill County ND IDR American Crystal Project, 0.26%, 2013-05-02 2.42%
RBC Mun Prods Incorporated Tr Var Sts Rbcgen Adjustable Var, 0.26%, 2013-05-02 2.41%
Clipper Tax-Exempt Certified Trust Series 2007-26, 0.27%, 2013-05-02 2.12%
FHLMC MFHR Series M019, 0.26%, 2013-05-02 2.05%
Ohio St Air Quality Dev Auth Ohsdev Adjustable Var, 0.27%, 2013-05-02 1.76%
Clipper Tax-Exempt Certified Trust Series 2007-32, 0.22%, 2013-05-02 1.70%
Chicago Ill Midway Arpt Rev Chiapt Adjustable Var, 0.25%, 2013-05-02 1.69%
Atkinson & Coffee County GA Development Authority Solid Waste Langboard Incorporated Project Series 2008, 0.26%, 2013-05-02 1.50%
Pennsylvania Turnpike Commission ROCS-RR II-R-12259, 0.19%, 2013-05-01 1.37%
Portfolio holdings are subject to change and may have changed since the date specified.

FUND STORY

PORTFOLIO MANAGERS


David D. Sylvester

David D. Sylvester
Years of investment
experience: 38
 

James Randazzo

James Randazzo
Years of investment
experience: 20

The Fund

The Municipal Money Market Fund seeks current income exempt from regular federal income tax, while preserving capital and liquidity.

Strategies

  • Focuses primarily on preserving capital and maintaining a high level of liquidity by emphasizing fundamental credit research and risk management to 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 or financing authorities.
  • Purchases only First Tier securities across a range of eligible money market instruments that may have fixed, floating, or variable rates of interest, such as variable-rate demand notes.
  • Manages the fund in a tax-sensitive manner likely to generate an attractive tax-equivalent yield compared with taxable money market funds by primarily investing in municipal obligations that pay interest exempt from regular federal income tax, but not necessarily the federal alternative minimum tax (AMT); non-AMT-sensitive investors may potentially achieve higher, nontaxable income.

Risks

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 Fund seeks 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.

A portion of the Fund's income may be subject to federal, state and/or local income taxes or the alternative minimum tax (AMT).

Figures quoted represent past performance, which is no guarantee of future results. Investment returns 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 and assumes the reinvestment of dividends and capital gains. Current month-end performance is available at the funds' website, wellsfargo.com/advantagefunds.

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