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WUSDX Wells Fargo Ultra Short-Term Income Adm

  • Fund
  • WUSDX
  • Price as of: Aug 08, 2016
  • $8.46
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

WUSDX - Profile

Vitals

  • YTD Return 0.6%
  • 3 Yr Annualized Return 0.8%
  • 5 Yr Annualized Return 0.9%
  • Net Assets $1.51 B
  • Holdings in Top 10 43.7%

52 WEEK LOW AND HIGH

$8.46
$8.38
$8.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.71%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 70.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Ultrashort Bond

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.81%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Wells Fargo Ultra Short-Term Income Fund
  • Fund Family Name Wells Fargo Funds
  • Inception Date Apr 08, 2005
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Christopher Y. Kauffman

WUSDX - Performance

Return Ranking - Trailing

Period WUSDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.6% -29.9% 209.8% 55.60% 4
1 Yr 1.4% -15.9% 20.3% 71.25% 4
3 Yr 0.8% * -6.4% 10.4% 83.77% 5
5 Yr 0.9% * -3.4% 9.0% 86.79% 5
10 Yr 1.6% * -1.1% 10.2% 93.99% 5

* Annualized


Return Ranking - Calendar

Period WUSDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.6% -51.0% 6.6% 8.60% 1
2014 N/A -0.4% 2.9% N/A N/A
2013 N/A -4.9% -0.8% N/A N/A
2012 N/A 0.8% 13.9% N/A N/A
2011 N/A -1.7% 3.8% N/A N/A

Total Return Ranking - Trailing

Period WUSDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.7% -8.1% 209.8% 54.56% 4
1 Yr 1.4% -19.0% 20.3% 58.70% 3
3 Yr 0.8% * -7.1% 10.4% 79.80% 5
5 Yr 0.9% * -4.3% 9.0% 84.63% 5
10 Yr 1.6% * -1.1% 10.2% 93.91% 5

* Annualized


Total Return Ranking - Calendar

Period WUSDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.7% -51.0% 6.6% 10.48% 1
2014 N/A -0.3% 4.5% N/A N/A
2013 N/A -4.6% 0.6% N/A N/A
2012 N/A 1.4% 15.7% N/A N/A
2011 N/A -0.9% 5.5% N/A N/A

NAV & Total Return History

WUSDX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

WUSDX Category Low Category High WUSDX % Rank Quintile
Net Assets 1.51 B 319 K 169 B 9.46% 2
Number of Holdings 424 1 17404 12.41% 3
Net Assets in Top 10 -267 M -36 B 21.5 B 31.79% 5
Weighting of Top 10 43.7% 0.0% 1826.2% 8.24% 2

Top 10 Holdings

  1. Us 2yr Note (Cbt) Sep16 Xcbt 20160930 33.95%
  2. Bellsouth 144A 4.973% 1.35%
  3. Jp Morgan Chase Cmbs 2014-Inn CMO 1.35%
  4. Bmw Veh Lease Tr 2015-2 1.07% 1.06%
  5. Merc-Benz Auto Recv Tr 2015-1 0.82% 1.03%
  6. Porsche Innov Lse Tr 2014-1 1.26% 1.00%
  7. Nissan Auto Lease Tr 2015-B 1.18% 1.00%
  8. Gm Finl Auto Lease Tr 2015-1 2.773% 0.99%
  9. Mmaf Equip Fin Llc 2016-A 1.39% 0.99%
  10. Citibank Ccit 2013-A6 1.32% 0.98%

Asset Allocation

Weighting Category Low Category High WUSDX % Rank Quintile
Bonds
62.48% -175.98% 181.87% 25.69% 5
Cash
37.52% -82.73% 275.92% 2.75% 1
Other
0.00% -15.97% 117.15% 13.22% 4
Convertible Bonds
0.00% 0.00% 18.40% 5.29% 2
Preferred Stocks
0.00% -0.07% 17.65% 7.78% 3
Stocks
0.00% -5.60% 98.06% 5.39% 2

Bond Sector Breakdown

Weighting Category Low Category High WUSDX % Rank Quintile
Securitized
47.63% 0.00% 275.57% 4.73% 1
Corporate
46.28% 0.00% 502.59% 7.78% 2
Cash & Equivalents
37.52% -63.55% 811.66% 2.85% 1
Municipal
2.20% 0.00% 106.20% 5.85% 1
Derivative
0.00% -895.14% 18.41% 2.14% 1
Government
-33.63% -990.83% 129.84% 29.04% 5

Bond Geographic Breakdown

Weighting Category Low Category High WUSDX % Rank Quintile
US
49.95% -513.97% 163.91% 25.03% 5
Non US
12.53% -5.42% 399.20% 12.41% 3

WUSDX - Expenses

Operational Fees

WUSDX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.71% 0.00% 42.51% 11.15% 2
Management Fee 0.34% 0.00% 2.15% 3.36% 2
12b-1 Fee 0.00% 0.00% 1.00% 3.02% 1
Administrative Fee 0.10% 0.00% 0.63% 2.35% 3

Sales Fees

WUSDX Fees (% of AUM) Category Low Category High WUSDX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

WUSDX Fees (% of AUM) Category Low Category High WUSDX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

WUSDX Fees (% of AUM) Category Low Category High WUSDX Rank Quintile
Turnover 70.00% 0.00% 1944.00% 11.20% 3

WUSDX - Distributions

Dividend Yield Analysis

WUSDX Category Low Category High WUSDX % Rank Quintile
Dividend Yield 0.1% 0.00% 1.30% 28.84% 5

Dividend Distribution Analysis

WUSDX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

WUSDX Category Low Category High WUSDX % Rank Quintile
Net Income Ratio 0.81% -1.76% 17.13% 19.39% 5

Capital Gain Distribution Analysis

WUSDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

WUSDX - Managers

Christopher Y. Kauffman

Manager

Start Date

Oct 01, 2010

Tenure

5.84

Tenure Rank

4.8%

Christopher Kauffman is a senior portfolio manager for the Wells Capital Management Customized Fixed Income team. He joined WellsCap from Tattersall Advisory Group (TAG), where he served in a similar role since 2003. He began his investment industry career in 1997 as an investment officer for NISA Investment Advisors, where he was responsible for MBS analysis, risk assessment, and trading. He earned a bachelor’s degree in finance and economics and a master’s degree in business administration with an emphasis in finance from Washington University in St. Louis. He has earned the right to use the CFA designation and is a member of the St. Louis Society of Financial Analysts and the CFA Institute.


Jay N. Mueller

Manager

Start Date

Apr 21, 2004

Tenure

12.28

Tenure Rank

2.0%

Jay Mueller is a senior portfolio manager for the Wells Capital Management Customized Fixed Income team. Jay joined Wells Capital Management in 2005 from Strong Capital Management where he held the role of director of fixed income. Jay had joined Strong Capital Management in 1991 as the portfolio manager of the Strong Money Market and Strong Heritage Money Funds. Prior to Strong, he was a portfolio manager and security analyst at R. Meeder & Associates. Jay began his investment industry career in 1982 at Harris Bancorp as an investment analyst. Throughout his career, he has managed equity derivatives, bond portfolios, money market funds, international cash portfolios, municipal portfolios and index funds. He served as Strong’s economist from early 2000 until 2005, making him an articulate spokesman on the economy and interest rates. He also authored a quarterly newsletter, the Quarterly View, on current topics affecting the economy while at Strong. Jay earned a bachelor's degree in economics from the University of Chicago. He has earned the right to use the CFA designation.


Thomas M. Price

Manager

Start Date

Mar 31, 2002

Tenure

14.35

Tenure Rank

1.5%

Thomas Price is senior portfolio manager and head of Short Term High Yield for the Wells Capital Management U.S. High Yield team. Thomas joined Wells Capital Management from Strong Capital Management, having joined Strong in 1996 as a research analyst and later becoming a portfolio manager in 1998. Prior to Strong, he was a high-yield bond analyst with Northwestern Mutual Life Insurance Company. Thomas began his investment industry career in 1989 with Houlihan, Lokey, Howard & Zukin. He earned a bachelor’s degree in finance from the University of Michigan and a master’s of management degree in finance from the Kellogg Graduate School of Management at Northwestern University. Thomas has earned the right to use the CFA designation.


Noah M. Wise

Manager

Start Date

Jan 01, 2013

Tenure

3.58

Tenure Rank

6.3%

Noah Wise is a portfolio manager for the Wells Capital Management Customized Fixed Income team. Noah joined Wells Capital Management in 2008 as a research analyst and later became a portfolio manager in 2013. Prior to joining WellsCap, Noah worked as a lead market maker for Interactive Brokers. He began his investment industry career as an intern for Capital Financial Services in 2001. Noah earned a bachelor’s degree in finance and a master’s degree in business administration with an emphasis in securities analysis from the University of Wisconsin, Madison. He has earned the right to use the CFA designation.


Tenure Analysis

Category Low

0.0

Category High

27.6

Category Average

5.91

Category Mode

1.6