Wells Fargo Advantage Ultra Short-Term Municipal Income Fund – SMUAX

Investor Class


CUSIP 949917801


Share Price 09-03-15 9.63


Daily Change 0.00


YTD Return -0.15%


30-Day SEC Yield as of 09-02-15 0.19%


Morningstar Category Muni National Short


Inception Date 11-30-1995


Fund Number 3230


Net Fund Assets as of 07-31-2015 $5,661,110,879.06


Overall Morningstar Rating™ (out of 180 funds)
as of 07-31-2015
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Morningstar RatingMorningstar Rating


Fund Notes



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MORNINGSTAR RATINGS™ as of 07-31-2015


Category = Muni National Short


3-year Morningstar Rating™ (out of 180 funds)   Morningstar RatingMorningstar Rating


5-year Morningstar Rating™ (out of 163 funds)   Morningstar Rating


10-year Morningstar Rating™ (out of 110 funds)   Morningstar RatingMorningstar Rating


Overall Morningstar Rating™ (out of 180 funds)   Morningstar RatingMorningstar Rating


The Overall Morningstar Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and ten-year (if applicable) ratings, based on risk-adjusted returns. Click here for more information.

Morningstar® Style Box™as of 07-31-2015
Morningstar Style Box
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LIPPER INC. TOTAL RETURN RANKINGS – as of 07-31-2015
Lipper Short Municipal Debt Funds


1-year   88 out of 101


3-year   70 out of 84


5-year   64 out of 77


10-year   26 out of 50


Past performance is no guarantee of future results.

AVERAGE ANNUAL TOTAL RETURNS – as of 06-30-2015


    1-year 3-year 5-year 10-year Since Inception


Ultra Short-Term Municipal Income Fund       -0.20%   0.13%   0.60%   2.05%   2.67%


Barclays 1-Year Municipal Bond Index       0.34%   0.65%   0.86%   2.15%   --


Figures quoted represent past performance, which is no guarantee of future results. Investment return, principal value, and yields of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Click here for current month-end performance.
Investor Class shares are sold without a front-end sales charge or contingent deferred sales charge.

EXPENSES


Net Expense Ratio – effective since 07-01-15   0.70%


Gross Expense Ratio   0.78%


The advisor has committed, through 10-31-15, to waive fees and/or reimburse expenses to the extent necessary to cap the fund's total annual fund operating expenses after fee waiver, excluding certain expenses, at 0.70%. Without this cap, the fund's returns would have been lower.

CALENDAR YEAR RETURNS


2014     0.47%
2013     0.08%
2012     0.70%
2011     1.47%
2010     1.16%
2009     5.53%
2008     2.75%
2007     3.99%
2006     3.34%
2005     2.12%

View the 30-day unsubsidized SEC yields.

  • Not FDIC Insured
  • No Bank Guarantee
  • May Lose Value

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