SMAIX : Wells Fargo Ultra Short-Term Municipal Income Fund - Class Inst

SMAIX is a Bond Market Municipal Bond with LOW fees.

SMAIX

Wells Fargo Ultra Short-Term Municipal Income Fund - Class Inst

FI Score

76 /100

Expense Ratio Rating

9 /10

Expense Rating

6 /10

Market Score

7 /10

Category Score

8 /10

Market Size

7 /10

76% FI Score
  • smaix
  • Mutual Fund
  • Bond
  • Municipal Bond

Wells Fargo Ultra Short-Term Municipal Income Fund - Class Inst

Expenses: 0.37% (Better than 1% of similar funds)

This is an OK choice for a Municipal Bond Bond fund. See why ยป

Fund Summary

The investment seeks current income exempt from federal income tax, consistent with capital preservation. The fund normally invests at least 80% of the fund's net assets in municipal securities whose interest is exempt from federal income tax, but not necessarily federal alternative minimum tax (AMT). It invests up to 20% of the fund's total assets in securities whose interest is subject to federal AMT. While the fund may purchase securities of any maturity, under normal circumstances, the advisor expects the fund's dollar-weighted average effective maturity to be 1 year or less.

Largest Holdings

Amount Holding
2.15% REGIONAL TRANSN AUTH ILL EXTENDIBLE RESET SECS 4.65%
1.49% Nuveen NY AMT - Free Quality Muni Inc
1.48% TENDER OPT BD TR RCPTS / CTFS VAR STS 0.36%
1.47% METROPOLITAN TRANSN AUTH N Y REV 1.31%
1.36% NEW JERSEY ST HSG & MTG FIN AGY MULTIFAMILY CONDUIT REV 1.45%
1.31% CALIFORNIA ST 0.47%
1.25% SCOTTSDALE ARIZ INDL DEV AUTH HOSP REV 0.01%
1.24% NEW JERSEY ST TPK AUTH TPK REV 1.15%
1.20% HOUSTON TEX INDPT SCH DIST 2.2%
1.17% BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 4%
1.05% METROPOLITAN TRANSN AUTH N Y REV 0.66%
1.04% SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH HOSP REV 1.75%
1.02% CALIFORNIA HEALTH FACS FING AUTH REV 0.04%
1.02% CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 1.5%
1.00% ALAMITO PUB FACS CORP TEX MULTIFAMILY HSG REV 2.25%
1.00% HOUSTON TEX INDPT SCH DIST 1.45%
0.96% PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV 1.12%
0.92% CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 1.43%
0.92% AUSTIN AFFORDABLE PFC INC TEX MULTIFAMILY HSG REV 1.46%
0.92% HARRIS CNTY TEX 1.45%
0.86% PHOENIX ARIZ INDL DEV AUTH SOLID WASTE DISP REV 1.1%
0.81% CLAYTON CNTY GA HSG AUTH MULTIFAMILY HSG REV 2.3%
0.80% SHERMAN TEX INDPT SCH DIST 3%
0.79% NEW YORK TRANSN DEV CORP SPL FAC REV 5%
0.72% PITTSBURGH PA WTR & SWR AUTH WTR & SWR SYS REV 1.39%

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