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Mutual Funds Weekly Roundup: August 2
Brian Mathews
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The fund invests at least 80% of its net assets in municipal securities whose interest is exempt from federal income tax, including federal alternative minimum tax (AMT), and California individual income tax. It invests up to 20% of the fund's net assets in securities whose interest is subject to federal income tax. The fund invests up to 10% of its total assets in below investment-grade municipal securities, and invests up to 10% of the fund's total assets in inverse floaters. It is non-diversified.
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| Period | SCTCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.2% | -3.1% | 303.2% | 54.40% |
| 1 Yr | 0.4% | -3.1% | 300.1% | 54.69% |
| 3 Yr | 0.2%* | -0.9% | 58.8% | 72.07% |
| 5 Yr | 0.3%* | -0.9% | 31.6% | 66.23% |
| 10 Yr | 0.9%* | -0.3% | 15.0% | 31.25% |
* Annualized
| Period | SCTCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 3.7% | 2.4% | 8.8% | 63.49% |
| 2018 | -2.7% | -6.2% | 2.8% | 53.04% |
| 2017 | 1.9% | -0.2% | 6.8% | 64.24% |
| 2016 | -3.1% | -7.9% | -1.7% | 50.00% |
| 2015 | 0.2% | -1.9% | 1.8% | 44.44% |
| Period | SCTCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.2% | -3.1% | 303.2% | 54.40% |
| 1 Yr | 0.4% | -3.1% | 300.1% | 54.69% |
| 3 Yr | 0.2%* | -0.9% | 59.1% | 72.07% |
| 5 Yr | 0.3%* | -0.9% | 31.9% | 68.83% |
| 10 Yr | 0.9%* | -0.3% | 15.5% | 36.72% |
* Annualized
| Period | SCTCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 3.7% | 2.4% | 8.8% | 64.02% |
| 2018 | -2.7% | -6.2% | 2.8% | 58.01% |
| 2017 | 1.9% | -0.2% | 6.9% | 73.33% |
| 2016 | -3.1% | -7.9% | 0.8% | 52.56% |
| 2015 | 0.2% | -1.9% | 3.7% | 49.02% |
| SCTCX | Category Low | Category High | SCTCX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.21 B | 2.99 M | 17.2 B | 32.64% |
| Number of Holdings | 347 | 20 | 4740 | 40.93% |
| Net Assets in Top 10 | 177 M | -115 M | 3.01 B | 27.46% |
| Weighting of Top 10 | 15.00% | 3.5% | 68.6% | 64.77% |
| Weighting | Return Low | Return High | SCTCX % Rank | |
|---|---|---|---|---|
| Bonds | 99.76% | 88.08% | 139.13% | 29.53% |
| Cash | 0.24% | -39.12% | 11.92% | 67.88% |
| Stocks | 0.00% | 0.00% | 0.10% | 87.56% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 87.56% |
| Other | 0.00% | 0.00% | 3.39% | 87.56% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 87.56% |
| Weighting | Return Low | Return High | SCTCX % Rank | |
|---|---|---|---|---|
| Municipal | 99.76% | 49.29% | 101.06% | 29.53% |
| Cash & Equivalents | 0.24% | -0.27% | 13.85% | 72.54% |
| Derivative | 0.00% | 0.00% | 0.00% | 87.56% |
| Securitized | 0.00% | 0.00% | 0.00% | 87.56% |
| Corporate | 0.00% | 0.00% | 2.58% | 89.12% |
| Government | 0.00% | -0.79% | 49.18% | 89.12% |
| Weighting | Return Low | Return High | SCTCX % Rank | |
|---|---|---|---|---|
| US | 99.14% | 85.92% | 134.71% | 28.50% |
| Non US | 0.62% | 0.00% | 9.10% | 70.98% |
| SCTCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.56% | 0.09% | 3.74% | 16.67% |
| Management Fee | 0.39% | 0.00% | 0.65% | 27.98% |
| 12b-1 Fee | 0.75% | 0.00% | 1.00% | 72.12% |
| Administrative Fee | 0.16% | 0.01% | 0.33% | 78.43% |
| SCTCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 4.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.00% | 82.05% |
| SCTCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
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.
| SCTCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 23.00% | 2.00% | 235.00% | 52.08% |
| SCTCX | Category Low | Category High | SCTCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 0.64% | 87.56% |
| SCTCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
| SCTCX | Category Low | Category High | SCTCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.18% | 0.73% | 5.75% | 79.69% |
| SCTCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
| Date | Amount |
|---|---|
| Mar 29, 2019 | $0.025 |
| Feb 28, 2019 | $0.027 |
| Jan 31, 2019 | $0.025 |
| Dec 31, 2018 | $0.025 |
| Nov 30, 2018 | $0.027 |
| Oct 31, 2018 | $0.024 |
| Aug 31, 2018 | $0.026 |
| Jul 31, 2018 | $0.024 |
| Jun 29, 2018 | $0.026 |
| May 31, 2018 | $0.025 |
| Apr 30, 2018 | $0.025 |
| Mar 29, 2018 | $0.026 |
| Feb 28, 2018 | $0.027 |
| Jan 31, 2018 | $0.025 |
| Dec 29, 2017 | $0.024 |
| Nov 30, 2017 | $0.024 |
| Oct 31, 2017 | $0.022 |
| Sep 29, 2017 | $0.024 |
| Aug 31, 2017 | $0.022 |
| Jul 31, 2017 | $0.021 |
| Jun 30, 2017 | $0.025 |
| May 31, 2017 | $0.023 |
| Apr 28, 2017 | $0.021 |
| Mar 31, 2017 | $0.024 |
| Feb 28, 2017 | $0.025 |
| Jan 31, 2017 | $0.024 |
| Dec 30, 2016 | $0.023 |
| Nov 30, 2016 | $0.023 |
| Oct 31, 2016 | $0.021 |
| Sep 30, 2016 | $0.023 |
| Aug 31, 2016 | $0.021 |
| Jul 29, 2016 | $0.022 |
| Jun 30, 2016 | $0.022 |
| May 31, 2016 | $0.022 |
| Apr 29, 2016 | $0.024 |
| Mar 31, 2016 | $0.022 |
| Feb 29, 2016 | $0.022 |
| Jan 29, 2016 | $0.022 |
| Dec 31, 2015 | $0.022 |
| Nov 30, 2015 | $0.023 |
| Oct 30, 2015 | $0.024 |
| Sep 30, 2015 | $0.024 |
| Aug 31, 2015 | $0.021 |
| Jul 31, 2015 | $0.024 |
| Jun 30, 2015 | $0.023 |
| May 29, 2015 | $0.023 |
| Apr 30, 2015 | $0.023 |
| Mar 31, 2015 | $0.022 |
| Feb 27, 2015 | $0.025 |
| Jan 30, 2015 | $0.025 |
| Dec 31, 2014 | $0.025 |
| Nov 28, 2014 | $0.023 |
| Oct 31, 2014 | $0.026 |
| Sep 30, 2014 | $0.025 |
| Aug 29, 2014 | $0.027 |
| Jul 31, 2014 | $0.026 |
| Jun 30, 2014 | $0.026 |
| May 30, 2014 | $0.028 |
| Apr 30, 2014 | $0.029 |
| Mar 31, 2014 | $0.027 |
| Feb 28, 2014 | $0.029 |
| Jan 31, 2014 | $0.029 |
| Dec 31, 2013 | $0.029 |
| Nov 29, 2013 | $0.031 |
| Oct 31, 2013 | $0.030 |
| Sep 30, 2013 | $0.027 |
| Aug 30, 2013 | $0.030 |
| Jul 31, 2013 | $0.027 |
| Jun 28, 2013 | $0.024 |
| May 31, 2013 | $0.025 |
| Apr 30, 2013 | $0.026 |
| Mar 28, 2013 | $0.025 |
| Feb 28, 2013 | $0.026 |
| Jan 31, 2013 | $0.025 |
| Dec 31, 2012 | $0.026 |
| Nov 30, 2012 | $0.029 |
| Oct 31, 2012 | $0.028 |
| Sep 28, 2012 | $0.029 |
| Aug 31, 2012 | $0.028 |
| Jul 31, 2012 | $0.029 |
| Jun 29, 2012 | $0.029 |
| May 31, 2012 | $0.030 |
| Apr 30, 2012 | $0.030 |
| Mar 30, 2012 | $0.030 |
| Feb 29, 2012 | $0.030 |
| Jan 31, 2012 | $0.031 |
| Dec 30, 2011 | $0.032 |
| Nov 30, 2011 | $0.033 |
| Oct 31, 2011 | $0.033 |
| Sep 30, 2011 | $0.036 |
| Aug 31, 2011 | $0.033 |
| Jul 29, 2011 | $0.033 |
| Jun 30, 2011 | $0.034 |
| May 31, 2011 | $0.033 |
| Apr 29, 2011 | $0.034 |
| Mar 31, 2011 | $0.031 |
| Feb 28, 2011 | $0.035 |
| Jan 31, 2011 | $0.033 |
| Dec 31, 2010 | $0.033 |
| Nov 30, 2010 | $0.032 |
| Oct 29, 2010 | $0.032 |
| Sep 30, 2010 | $0.031 |
| Aug 31, 2010 | $0.030 |
| Jul 30, 2010 | $0.032 |
| Jun 30, 2010 | $0.032 |
| May 28, 2010 | $0.032 |
| Apr 30, 2010 | $0.031 |
| Mar 31, 2010 | $0.031 |
| Feb 26, 2010 | $0.032 |
| Jan 29, 2010 | $0.031 |
| Dec 31, 2009 | $0.030 |
| Nov 30, 2009 | $0.032 |
| Oct 30, 2009 | $0.032 |
| Sep 30, 2009 | $0.034 |
| Aug 31, 2009 | $0.035 |
| Jul 31, 2009 | $0.036 |
| Jun 30, 2009 | $0.034 |
| May 29, 2009 | $0.035 |
| Apr 30, 2009 | $0.035 |
| Mar 31, 2009 | $0.036 |
| Feb 27, 2009 | $0.033 |
| Jan 30, 2009 | $0.037 |
| Dec 31, 2008 | $0.038 |
| Nov 28, 2008 | $0.036 |
| Oct 31, 2008 | $0.038 |
| Sep 30, 2008 | $0.034 |
| Aug 29, 2008 | $0.034 |
| Jul 31, 2008 | $0.035 |
| Jun 30, 2008 | $0.033 |
| May 30, 2008 | $0.034 |
| Apr 30, 2008 | $0.034 |
| Mar 31, 2008 | $0.036 |
| Feb 29, 2008 | $0.032 |
| Jan 31, 2008 | $0.035 |
| Dec 31, 2007 | $0.035 |
| Nov 30, 2007 | $0.034 |
| Oct 31, 2007 | $0.035 |
| Sep 28, 2007 | $0.034 |
| Aug 31, 2007 | $0.035 |
| Jul 31, 2007 | $0.035 |
| Jun 29, 2007 | $0.033 |
| May 31, 2007 | $0.034 |
| Apr 30, 2007 | $0.034 |
| Mar 30, 2007 | $0.035 |
| Feb 28, 2007 | $0.031 |
| Jan 31, 2007 | $0.035 |
| Dec 29, 2006 | $0.035 |
| Oct 31, 2006 | $0.035 |
| Sep 29, 2006 | $0.034 |
| Aug 31, 2006 | $0.035 |
| Jul 31, 2006 | $0.035 |
| Jun 30, 2006 | $0.034 |
| May 31, 2006 | $0.035 |
| Apr 28, 2006 | $0.034 |
| Mar 31, 2006 | $0.035 |
| Feb 28, 2006 | $0.031 |
| Jan 31, 2006 | $0.034 |
| Dec 30, 2005 | $0.035 |
| Nov 30, 2005 | $0.033 |
| Oct 31, 2005 | $0.034 |
| Sep 30, 2005 | $0.033 |
| Aug 31, 2005 | $0.035 |
| Jul 29, 2005 | $0.034 |
| Jun 30, 2005 | $0.033 |
| May 31, 2005 | $0.034 |
| Apr 29, 2005 | $0.033 |
| Mar 31, 2005 | $0.034 |
| Feb 28, 2005 | $0.031 |
| Jan 31, 2005 | $0.034 |
| Dec 31, 2004 | $0.034 |
| Nov 30, 2004 | $0.033 |
| Oct 29, 2004 | $0.034 |
| Sep 30, 2004 | $0.034 |
| Aug 31, 2004 | $0.035 |
| Jul 30, 2004 | $0.035 |
| Jun 30, 2004 | $0.035 |
| May 28, 2004 | $0.036 |
| Apr 30, 2004 | $0.034 |
| Mar 31, 2004 | $0.035 |
| Feb 27, 2004 | $0.032 |
| Jan 30, 2004 | $0.035 |
| Dec 31, 2003 | $0.035 |
| Nov 28, 2003 | $0.036 |
| Oct 31, 2003 | $0.036 |
| Sep 30, 2003 | $0.034 |
| Aug 29, 2003 | $0.034 |
| Jul 31, 2003 | $0.034 |
| Jun 30, 2003 | $0.033 |
| May 30, 2003 | $0.035 |
| Apr 30, 2003 | $0.034 |
| Mar 31, 2003 | $0.035 |
| Feb 28, 2003 | $0.032 |
| Jan 31, 2003 | $0.036 |
| Dec 31, 2002 | $0.040 |
| Nov 29, 2002 | $0.039 |
| Oct 31, 2002 | $0.040 |
| Sep 30, 2002 | $0.039 |
| Aug 30, 2002 | $0.040 |
| Jul 31, 2002 | $0.040 |
| Jun 28, 2002 | $0.038 |
| May 31, 2002 | $0.039 |
| Apr 30, 2002 | $0.038 |
| Mar 28, 2002 | $0.039 |
| Feb 28, 2002 | $0.035 |
| Jan 31, 2002 | $0.040 |
| Dec 31, 2001 | $0.039 |
| Nov 30, 2001 | $0.037 |
| Oct 31, 2001 | $0.038 |
| Sep 28, 2001 | $0.037 |
| Aug 31, 2001 | $0.038 |
| Jul 31, 2001 | $0.039 |
| Jun 29, 2001 | $0.037 |
| May 31, 2001 | $0.039 |
| Apr 30, 2001 | $0.039 |
| Mar 30, 2001 | $0.040 |
| Feb 28, 2001 | $0.036 |
| Jan 31, 2001 | $0.040 |
| Dec 29, 2000 | $0.040 |
| Nov 30, 2000 | $0.038 |
| Oct 31, 2000 | $0.040 |
| Sep 29, 2000 | $0.038 |
| Aug 31, 2000 | $0.039 |
| Jul 31, 2000 | $0.039 |
| Jun 30, 2000 | $0.038 |
| May 31, 2000 | $0.040 |
| Apr 28, 2000 | $0.038 |
| Mar 31, 2000 | $0.039 |
| Feb 29, 2000 | $0.037 |
| Jan 31, 2000 | $0.039 |
| Dec 31, 1999 | $0.038 |
| Nov 30, 1999 | $0.037 |
Start Date
Tenure
Tenure Rank
Nov 01, 2009
10.84
10.8%
Adrian Van Poppel is a senior portfolio manager for the Wells Fargo Asset Management (WFAM) Municipal Fixed Income team, where he manages the California and Colorado tax-exempt funds, as well as separate accounts in Arizona and California. He joined Wells WFAM in 1997, and was responsible for trading cash positions of repurchase agreements and sweep for all mutual funds. He began his investment industry career in 1996. He earned a bachelor’s degree in business administration and economics as well as a master’s degree in financial analysis and investment management from Saint Mary’s College in Moraga, California. He is a member of the California Society of Municipal Analysts and the Municipal Bond Club of San Francisco.
Start Date
Tenure
Tenure Rank
Jul 06, 2011
9.16
9.2%
Terry Goode is a senior portfolio manager for the Wells Fargo Asset Management (WFAM) Municipal Fixed Income team, where he manages California, Arizona, Colorado, and Oregon funds and separate accounts. Previously, Terry served as the leader of the WFAM Tax-Exempt Research team, where he managed a group of professionals who provide credit research for the Municipal Fixed Income team. He also specialized in directly covering a number of municipal sectors. Prior to joining WFAM in 2002, he performed similar research duties and provided bond ratings as a director at Standard & Poor’s Credit Market Services, focusing on health care, education and nonprofit sectors. He began his investment industry career in 1995 when he held a similar position with Wells Fargo Bank’s health care division, analyzing the credit quality for a variety of nonprofit and corporate health care organizations. He earned a bachelor’s degree in economics from the University of California, Los Angeles, and a master’s degree in business administration with an emphasis in finance and investment strategy from the Haas School of Business at the University of California, Berkeley. Terry is a member of the California Society of Municipal Analysts, the National Federation of Municipal Analysts and the Healthcare Financial Management Association. His industry comments can often be found in The Bond Buyer.
Start Date
Tenure
Tenure Rank
Mar 28, 2019
1.43
1.4%
Mr. Pae joined Wells Capital Management Incorporated in 2012, where he currently serves as a Portfolio Manager.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.17 | 31.69 | 9.4 | 7.51 |
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