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

Investor Class

CUSIP 949917801

Share Price 10-07-15 9.63

Daily Change 0.00

YTD Return -0.11%

30-Day SEC Yield as of 10-06-15 0.19%

Morningstar Category Muni National Short

Inception Date 11-30-1995

Fund Number 3230

Net Fund Assets as of 09-30-2015 $5,405,289,095.86

Overall Morningstar Rating™ (out of 187 funds)
as of 08-31-2015
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Morningstar RatingMorningstar Rating

Fund Notes

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MORNINGSTAR RATINGS™ as of 08-31-2015

Category = Muni National Short

3-year Morningstar Rating™ (out of 187 funds)   Morningstar RatingMorningstar Rating

5-year Morningstar Rating™ (out of 172 funds)   Morningstar Rating

10-year Morningstar Rating™ (out of 120 funds)   Morningstar RatingMorningstar Rating

Overall Morningstar Rating™ (out of 187 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 08-31-2015
Morningstar Style Box
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Lipper Short Municipal Debt Funds

1-year   86 out of 101

3-year   68 out of 84

5-year   66 out of 79

10-year   27 out of 50

Past performance is no guarantee of future results.


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

Ultra Short-Term Municipal Income Fund       -0.07%   0.16%   0.54%   1.97%   2.64%

Barclays 1-Year Municipal Bond Index       0.69%   0.72%   0.89%   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.


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%. After this time, the cap may be increased or terminated only with the approval of the Board of Trustees. Without this cap, the fund's returns would have been lower.


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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