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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$9.25

$3.15 B

1.64%

$0.15

0.46%

Vitals

YTD Return

-0.6%

1 yr return

2.2%

3 Yr Avg Return

3.6%

5 Yr Avg Return

2.7%

Net Assets

$3.15 B

Holdings in Top 10

8.7%

52 WEEK LOW AND HIGH

$9.3
$9.22
$9.36

Expenses

OPERATING FEES

Expense Ratio 0.46%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 11.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Muni National Short


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$9.25

$3.15 B

1.64%

$0.15

0.46%

STRIX - Profile

Distributions

  • YTD Total Return -0.6%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.80%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Wells Fargo Strategic Municipal Bond Fund
  • Fund Family Name
    Wells Fargo Funds
  • Inception Date
    Nov 30, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Miller

Fund Description

The fund normally invests at least 80% of the fund's net assets in municipal securities whose interest is exempt from regular federal income tax, but not necessarily the federal alternative minimum tax (AMT). It invests up to 35% of the fund's total assets in below investment-grade municipal securities. The fund invests principally in municipal securities of states, territories and possessions of the United States whose interest is exempt from regular federal income tax, but not necessarily federal AMT.


STRIX - Performance

Return Ranking - Trailing

Period STRIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -88.5% 99.9% 32.27%
1 Yr 2.2% -20.5% 20.4% 61.85%
3 Yr 3.6%* -6.2% 10.4% 70.56%
5 Yr 2.7%* -3.5% 6.8% 43.23%
10 Yr 2.9%* -0.2% 8.7% 67.93%

* Annualized

Return Ranking - Calendar

Period STRIX Return Category Return Low Category Return High Rank in Category (%)
2020 1.4% -91.1% 310.0% 51.35%
2019 2.5% -79.8% 15.4% 72.28%
2018 0.2% -72.6% 97.2% 1.77%
2017 1.1% -100.0% 7.6% 57.24%
2016 -1.6% -35.9% 96.8% 8.66%

Total Return Ranking - Trailing

Period STRIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -88.5% 100.0% 32.31%
1 Yr 2.2% -24.2% 24.2% 38.59%
3 Yr 3.6%* -7.0% 11.7% 56.76%
5 Yr 2.7%* -4.0% 6.8% 33.38%
10 Yr 2.9%* -0.6% 8.7% 64.92%

* Annualized

Total Return Ranking - Calendar

Period STRIX Return Category Return Low Category Return High Rank in Category (%)
2020 1.4% -91.1% 310.0% 51.30%
2019 2.5% -79.8% 15.4% 72.28%
2018 0.2% -72.6% 11.0% 4.73%
2017 1.1% -100.0% 7.6% 60.03%
2016 -1.6% -35.9% 3.0% 11.53%

NAV & Total Return History


STRIX - Holdings

Concentration Analysis

STRIX Category Low Category High STRIX % Rank
Net Assets 3.15 B 878 K 87.9 B 13.96%
Number of Holdings 1010 1 12437 7.66%
Net Assets in Top 10 275 M -308 M 3.88 B 10.98%
Weighting of Top 10 8.70% 2.3% 100.0% 90.86%

Top 10 Holdings

  1. TEXAS ST 5% 1.48%
  2. ST JAMES PARISH LA REV 0.18% 1.17%
  3. MIZUHO FLOATER / RESIDUAL TR VAR STS 0.27% 1.17%
  4. TENDER OPT BD TR RCPTS / CTFS VAR STS 0.06% 0.95%
  5. MASSACHUSETTS ST DEV FIN AGY REV 5% 0.86%
  6. MAINE ST HSG AUTH MTG PUR 0.05% 0.86%
  7. PORT AUTH N Y & N J 5% 0.85%
  8. SHELBY CNTY TENN HEALTH EDL & HSG FACS BRD REV 0.13% 0.75%
  9. TENDER OPT BD TR RCPTS / CTFS VAR STS 0.26% 0.73%
  10. PUBLIC FIN AUTH WIS SOLID WASTE DISP REV 0.3% 0.72%

Asset Allocation

Weighting Return Low Return High STRIX % Rank
Bonds
97.34% 46.14% 145.79% 73.75%
Cash
2.65% -45.79% 53.86% 26.01%
Stocks
0.00% -1.11% 3.02% 85.26%
Preferred Stocks
0.00% -3.40% 1.04% 84.60%
Other
0.00% -9.70% 30.00% 84.84%
Convertible Bonds
0.00% -0.02% 0.75% 86.03%

Bond Sector Breakdown

Weighting Return Low Return High STRIX % Rank
Municipal
97.15% 46.14% 100.00% 72.63%
Cash & Equivalents
2.64% 0.00% 53.86% 27.28%
Corporate
0.22% 0.00% 11.97% 6.31%
Derivative
0.00% 0.00% 1.12% 86.07%
Securitized
0.00% 0.00% 8.03% 86.24%
Government
0.00% 0.00% 50.79% 87.75%

Bond Geographic Breakdown

Weighting Return Low Return High STRIX % Rank
US
96.91% 0.00% 141.11% 55.80%
Non US
0.43% 0.00% 100.00% 52.11%

STRIX - Expenses

Operational Fees

STRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.46% 0.04% 4.23% 62.47%
Management Fee 0.36% 0.00% 1.60% 31.31%
12b-1 Fee 0.00% 0.00% 1.00% 15.22%
Administrative Fee 0.08% 0.01% 0.47% 26.30%

Sales Fees

STRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

STRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

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.

STRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 0.00% 314.00% 22.71%

STRIX - Distributions

Dividend Yield Analysis

STRIX Category Low Category High STRIX % Rank
Dividend Yield 1.64% 0.00% 35.27% 86.61%

Dividend Distribution Analysis

STRIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

STRIX Category Low Category High STRIX % Rank
Net Income Ratio 1.80% -0.53% 24.00% 68.89%

Capital Gain Distribution Analysis

STRIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Monthly

Dividend Payout History

View More +

STRIX - Fund Manager Analysis

Managers

Robert Miller


Start Date

Tenure

Tenure Rank

Oct 01, 2010

11.01

11.0%

Robert Miller is a senior portfolio manager for the Wells Fargo Asset Management (WFAM) Municipal Fixed Income team, where he manages both mutual funds and separate accounts. Prior to joining WFAM in 2008, Robert worked for American Century Investments for 10 years where he was part of team managing the firm’s municipal bond portfolios. Robert had direct responsibility for the firm’s national intermediate- and long-term investment grade strategies. In addition, he managed several other state-specific funds for the firm. Robert also served as a member of its analytical team. Earlier, Robert spent eight years in New York as a municipal bond analyst with Moody’s Investors Service where he served as an analyst in the States and High Profile Ratings Group as well as the Airport Credit Group, the Southeast Regional Ratings Group, and the Mid-Atlantic Regional Ratings Group. He also founded a small venture capital firm and served as a consultant with Black and Veatch and KPMG Peat Marwick, where he specialized in conducting financial feasibility studies in support of large infrastructure projects. Robert earned a bachelor’s degree in business administration with a concentration in finance from San Jose State University and a master’s degree in business administration from the Leonard N. Stern School of Business at New York University.

Terry Goode


Start Date

Tenure

Tenure Rank

Mar 28, 2019

2.51

2.5%

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.

Nicholos Venditti


Start Date

Tenure

Tenure Rank

Sep 01, 2020

1.08

1.1%

Nicholos Venditti is a senior portfolio manager for the Wells Fargo Asset Management (WFAM) Municipal Fixed Income team. Before joining WFAM, he spent 10 years at Thornburg Investment Management, most recently as a portfolio manager and head of the municipal bond group. Earlier positions include serving as a portfolio manager on seven mutual funds and separately managed accounts with total assets of approximately $10 billion. Prior to Thornburg, Nicholos held a variety of roles focused on municipal credit analysis at Financial Security Assurance/Assured Guaranty where he began his investment industry career in 2007. Nick earned a bachelor’s degree in theoretical economics from Trinity University and a master’s degree in applied economics from University of North Carolina – Greensboro, where he also served as an adjunct professor. He received a master’s degree in finance from Syracuse University and has earned the right to use the Chartered Financial Analyst® (CFA) designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 36.52 7.21 0.91