Wells Fargo Strategic Municipal Bd B
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
-0.2%
3 Yr Avg Return
0.9%
5 Yr Avg Return
1.4%
Net Assets
$1.91 B
Holdings in Top 10
11.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.56%
SALES FEES
Front Load N/A
Deferred Load 5.00%
TRADING FEES
Turnover 53.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
VMPIX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return -0.1%
- 5 Yr Annualized Total Return 1.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.79%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWells Fargo Strategic Municipal Bond Fund
-
Fund Family NameWells Fargo Funds
-
Inception DateMar 21, 1985
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRobert J. Miller
VMPIX - Performance
Return Ranking - Trailing
Period | VMPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 0.0% | 5.8% | N/A |
1 Yr | -0.2% | -2.6% | 5.6% | N/A |
3 Yr | 0.9%* | -3.2% | 1.4% | N/A |
5 Yr | 1.4%* | -1.8% | 2.3% | N/A |
10 Yr | 2.1%* | -8.7% | 2.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | VMPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -4.8% | 0.8% | N/A |
2022 | N/A | -0.9% | 5.6% | N/A |
2021 | N/A | -6.1% | 7.3% | N/A |
2020 | N/A | -10.9% | 2.6% | N/A |
2019 | N/A | -60.4% | 12.0% | N/A |
Total Return Ranking - Trailing
Period | VMPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 0.0% | 6.0% | N/A |
1 Yr | -5.1% | -2.5% | 7.0% | N/A |
3 Yr | -0.1%* | -3.2% | 3.2% | N/A |
5 Yr | 1.0%* | -1.8% | 3.7% | N/A |
10 Yr | 2.1%* | -8.7% | 4.8% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | VMPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -4.8% | 1.7% | N/A |
2022 | N/A | -0.9% | 6.2% | N/A |
2021 | N/A | -6.1% | 7.3% | N/A |
2020 | N/A | -9.6% | 3.9% | N/A |
2019 | N/A | -60.4% | 12.0% | N/A |
VMPIX - Holdings
Concentration Analysis
VMPIX | Category Low | Category High | VMPIX % Rank | |
---|---|---|---|---|
Net Assets | 1.91 B | 762 K | 68.3 B | N/A |
Number of Holdings | 559 | 3 | 8426 | N/A |
Net Assets in Top 10 | 168 M | -4.59 M | 2.02 B | N/A |
Weighting of Top 10 | 11.45% | 2.5% | 100.0% | N/A |
Top 10 Holdings
- Pennsylvania St Go Ref Bd 5% 1.89%
- Golden St Tob Securitization C Ctfs 1.34%
- Us Long Bond(Cbt) Jun17 Xcbt 20170621 1.21%
- Black Belt Engy Gas Dist 4% 1.12%
- New Jersey St Transn Tr Fd Aut Ctfs 1.06%
- Louisa Va Indl Dev Auth 2.15% 1.03%
- New York N Y City Transitional Fut 1.08% 1.00%
- Medical Ctr Hosp Auth 4.875% 0.96%
- Northern Calif Gas Auth 1.488% 0.92%
- New Mexico Mun Engy Acquisit Ref Bds 0.91%
Asset Allocation
Weighting | Return Low | Return High | VMPIX % Rank | |
---|---|---|---|---|
Bonds | 95.43% | 17.56% | 101.83% | N/A |
Cash | 4.00% | -1.83% | 82.44% | N/A |
Other | 0.57% | -1.53% | 30.00% | N/A |
Stocks | 0.00% | 0.00% | 0.39% | N/A |
Preferred Stocks | 0.00% | 0.00% | 8.94% | N/A |
Convertible Bonds | 0.00% | 0.00% | 2.66% | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | VMPIX % Rank | |
---|---|---|---|---|
Municipal | 96.64% | 0.00% | 104.99% | N/A |
Cash & Equivalents | 4.00% | -2.41% | 82.44% | N/A |
Derivative | 0.00% | 0.00% | 0.08% | N/A |
Securitized | 0.00% | 0.00% | 23.62% | N/A |
Corporate | 0.00% | 0.00% | 39.71% | N/A |
Government | -1.21% | -6.32% | 93.35% | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | VMPIX % Rank | |
---|---|---|---|---|
US | 95.43% | 17.56% | 101.37% | N/A |
Non US | 0.00% | 0.00% | 23.82% | N/A |
VMPIX - Expenses
Operational Fees
VMPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.56% | 0.09% | 4.80% | N/A |
Management Fee | 0.37% | 0.00% | 0.65% | N/A |
12b-1 Fee | 0.75% | 0.00% | 1.00% | N/A |
Administrative Fee | 0.16% | 0.01% | 0.34% | N/A |
Sales Fees
VMPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | 5.00% | 0.50% | 5.50% | N/A |
Trading Fees
VMPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | 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.
VMPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 53.00% | 0.00% | 739.25% | N/A |
VMPIX - Distributions
Dividend Yield Analysis
VMPIX | Category Low | Category High | VMPIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 2.53% | N/A |
Dividend Distribution Analysis
VMPIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
VMPIX | Category Low | Category High | VMPIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.79% | 0.01% | 4.95% | N/A |
Capital Gain Distribution Analysis
VMPIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 28, 2017 | $0.007 | |
Mar 31, 2017 | $0.008 | |
Feb 28, 2017 | $0.008 | |
Jan 31, 2017 | $0.007 | |
Dec 30, 2016 | $0.006 | |
Nov 30, 2016 | $0.004 | |
Oct 31, 2016 | $0.003 | |
Sep 30, 2016 | $0.004 | |
Aug 31, 2016 | $0.003 | |
Jul 29, 2016 | $0.003 | |
Jun 30, 2016 | $0.004 | |
May 31, 2016 | $0.005 | |
Apr 29, 2016 | $0.003 | |
Mar 31, 2016 | $0.013 | |
Feb 29, 2016 | $0.007 | |
Jan 29, 2016 | $0.006 | |
Dec 31, 2015 | $0.005 | |
Nov 30, 2015 | $0.006 | |
Oct 30, 2015 | $0.006 | |
Sep 30, 2015 | $0.007 | |
Aug 31, 2015 | $0.005 | |
Jul 31, 2015 | $0.005 | |
Jun 30, 2015 | $0.005 | |
May 29, 2015 | $0.004 | |
Apr 30, 2015 | $0.004 | |
Mar 31, 2015 | $0.002 | |
Feb 27, 2015 | $0.004 | |
Jan 30, 2015 | $0.001 | |
Dec 31, 2014 | $0.001 | |
Nov 28, 2014 | $0.002 | |
Oct 31, 2014 | $0.002 | |
Sep 30, 2014 | $0.003 | |
Aug 29, 2014 | $0.004 | |
Jul 31, 2014 | $0.004 | |
Jun 30, 2014 | $0.005 | |
May 30, 2014 | $0.006 | |
Apr 30, 2014 | $0.007 | |
Mar 31, 2014 | $0.007 | |
Feb 28, 2014 | $0.011 | |
Jan 31, 2014 | $0.011 | |
Dec 31, 2013 | $0.011 | |
Nov 29, 2013 | $0.011 | |
Oct 31, 2013 | $0.010 | |
Sep 30, 2013 | $0.009 | |
Aug 30, 2013 | $0.008 | |
Jul 31, 2013 | $0.007 | |
Jun 28, 2013 | $0.004 | |
May 31, 2013 | $0.004 | |
Apr 30, 2013 | $0.004 | |
Mar 28, 2013 | $0.004 | |
Feb 28, 2013 | $0.006 | |
Jan 31, 2013 | $0.005 | |
Dec 31, 2012 | $0.005 | |
Nov 30, 2012 | $0.006 | |
Oct 31, 2012 | $0.007 | |
Sep 28, 2012 | $0.007 | |
Aug 31, 2012 | $0.008 | |
Jul 31, 2012 | $0.008 | |
Jun 29, 2012 | $0.008 | |
May 31, 2012 | $0.008 | |
Apr 30, 2012 | $0.009 | |
Mar 30, 2012 | $0.008 | |
Feb 29, 2012 | $0.009 | |
Jan 31, 2012 | $0.011 | |
Dec 30, 2011 | $0.014 | |
Nov 30, 2011 | $0.014 | |
Oct 31, 2011 | $0.015 | |
Sep 30, 2011 | $0.016 | |
Aug 31, 2011 | $0.015 | |
Jul 29, 2011 | $0.017 | |
Jun 30, 2011 | $0.017 | |
May 31, 2011 | $0.018 | |
Apr 29, 2011 | $0.019 | |
Mar 31, 2011 | $0.019 | |
Feb 28, 2011 | $0.019 | |
Jan 31, 2011 | $0.018 | |
Dec 31, 2010 | $0.017 | |
Nov 30, 2010 | $0.017 | |
Oct 29, 2010 | $0.015 | |
Sep 30, 2010 | $0.015 | |
Aug 31, 2010 | $0.013 | |
Jul 30, 2010 | $0.014 |
VMPIX - Fund Manager Analysis
Managers
Robert J. Miller
Start Date
Tenure
Tenure Rank
Oct 01, 2010
6.58
6.6%
Robert Miller is a senior portfolio manager for the Wells Capital Management Tax-Exempt Fixed Income team, where he manages both mutual funds and separate accounts. Prior to joining WellsCap 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.
Wendy Casetta
Start Date
Tenure
Tenure Rank
Oct 01, 2010
6.58
6.6%
Wendy Casetta is a senior portfolio manager for the Wells Capital Management Tax-Exempt Fixed Income team. She joined Wells Capital Management from Strong Capital Management where she held a similar position. Prior to joining Strong, Wendy was a fixed income trader and investment associate at Barnett Capital Advisors in Jacksonville, FL. She began her investment industry career in 1993 as a registered representative at the Nicholas Company in Milwaukee, WI. Wendy earned a bachelor’s degree in finance from the University of Wisconsin, Oshkosh, and a master’s degree in business administration from the University of North Florida, Jacksonville.
Lyle J. Fitterer
Start Date
Tenure
Tenure Rank
Jul 12, 2010
6.81
6.8%
Lyle Fitterer is head of the Tax-Exempt Fixed Income team at Wells Capital Management, where he manages portfolio teams focused on municipal fixed income strategies. In addition to this role, Lyle also served as head of the WellsCap Customized Fixed Income team, which manages taxable longer duration strategies, from mid-2005 to early 2009. Lyle joined the firm in 2005 from Strong Capital Management. At Strong, he was appointed director of Strong’s Municipal Fixed Income team in 2000. Prior to that, he served in a variety of other roles with the firm, including managing director of Strong’s Institutional Client Services team where he was responsible for overseeing institutional and intermediary sales. For six years prior to that, Lyle was a member of the Strong Taxable Fixed Income team, initially as an analyst and trader and then as a portfolio manager specializing in mortgage and asset-backed securities. Lyle began his investment career in 1989. He earned a bachelor’s degree in accounting from the University of North Dakota. He is a Certified Public Accountant and has earned the right to use the CFA designation. Lyle is a member of CFA Institute. His views have been cited in various publications including: The Wall Street Journal, Bloomberg, Barron's, and The Bond Buyer.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.0 | 39.77 | 7.57 | 4.32 |