Municipal Money Market Fund – WMUXX

 


 

7-Day Current Yield 09-04-15 0.01%
7-Day Current Pre-Waiver Yield -0.78%
7-Day Effective Yield 0.01%
YTD Return 0.01%
Inception Date 11-02-1988
Net Fund Assets 07-31-2015 $325,430,338.65

PERFORMANCE

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

  1-year 3-year 5-year 10-year Inception
NAV 0.03 0.03 0.03 0.88 2.25

Lipper Tax-Exempt Money Market Funds Average

  1-year 3-year 5-year 10-year Inception
  0.02 0.02 0.02 0.89 --

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 -0.78%, 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.

HOLDINGS

TOP HOLDINGS % of net assets as of 07-31-2015

Louisiana HFA Arbor Place Apartments Project Series 2008, 0.08%, 2015-08-06 2.33%
Michigan Hda Rb 2.28%
Mesa AZ Utility System PUTTER 2.27%
Clipper Tax-Exempt Certified Trust Series 2007-26 2.26%
FHLMC 2.24%
WESTERN ASSET MGMT 1 FLOATING VAR, 0.11%, 2015-08-06 2.12%
Clipper Tax Exempt CTF AMT Trust, 0.07%, 2015-08-06 1.82%
Port Arthur, TX Navigation Dist. Indl D Portrn Adjustable VAR 1.82%
West Palm Beach FL Utilities Systems Series 2008C, 0.10%, 2015-08-05 1.82%
Chicago IL Midway Arpt Rev Chiapt Adjustable Var, 0.05%, 2015-08-06 1.76%
Portfolio holdings are subject to change and may have changed since the date specified.

FUND STORY

PORTFOLIO MANAGERS


Jeffrey L. Weaver, CFA

Jeffrey L. Weaver, CFA
Years of investment
experience: 24

 

James Randazzo

James Randazzo
Years of investment
experience: 22


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.

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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