WUSDX: Wells Fargo Ultra Short-Term Income Adm

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WUSDX Wells Fargo Ultra Short-Term Income Adm


Profile

WUSDX - Profile

Vitals

  • YTD Return 0.1%
  • 3 Yr Annualized Return 0.3%
  • 5 Yr Annualized Return 0.2%
  • Net Assets $1.12 B
  • Holdings in Top 10 45.9%

52 WEEK LOW AND HIGH

$8.52
$8.45
$8.52

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.74%

SALES FEES

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

BROKERAGE FEES

  • Turnover 36.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.20%
DIVIDENDS
  • Dividend Yield 1.4%
  • 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
    Jay Mueller

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Categories

Fund Company Quick Screens

WUSDX - Fund Company Quick Screens


Performance

WUSDX - Performance

Return Ranking - Trailing

Period WUSDX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -1.4% 6.6% 95.66%
1 Yr 0.8% -1.4% 86.3% 95.77%
3 Yr 0.3%* -2.6% 23.0% 86.55%
5 Yr 0.2%* -14.5% 12.5% 55.08%
10 Yr 0.1%* -8.5% 6.7% 77.39%

* Annualized

Return Ranking - Calendar

Period WUSDX Return Category Return Low Category Return High Rank in Category (%)
2019 1.2% -1.7% 83.9% 93.14%
2018 -0.4% -11.7% 4.6% 4.88%
2017 0.0% -4.4% 8.3% 82.76%
2016 0.4% -58.1% 7.7% 32.97%
2015 -0.6% -18.3% 3.0% 36.56%

Total Return Ranking - Trailing

Period WUSDX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -1.4% 6.6% 95.66%
1 Yr 0.8% -1.4% 86.3% 95.74%
3 Yr 0.3%* -2.6% 23.0% 88.80%
5 Yr 0.2%* -14.5% 12.5% 63.65%
10 Yr 0.1%* -8.5% 7.1% 85.39%

* Annualized

Total Return Ranking - Calendar

Period WUSDX Return Category Return Low Category Return High Rank in Category (%)
2019 1.2% -1.7% 83.9% 93.69%
2018 -0.4% -11.7% 6.5% 10.50%
2017 0.0% -4.4% 10.4% 85.67%
2016 0.4% -58.1% 10.7% 39.01%
2015 -0.6% -14.6% 4.2% 44.77%

NAV & Total Return History


Holdings

WUSDX - Holdings

Concentration Analysis

WUSDX Category Low Category High WUSDX % Rank
Net Assets 1.12 B 690 K 259 B 36.02%
Number of Holdings 376 1 17590 40.57%
Net Assets in Top 10 -108 M -216 M 23.5 B 99.61%
Weighting of Top 10 45.86% 2.3% 144.8% 15.88%

Top 10 Holdings

  1. 2 Year Treasury Note Future Mar20 23.94%
  2. 5 Year Treasury Note Future Mar20 4.86%
  3. Westfield Secs 4.77%
  4. SPDR® Portfolio Short Term Corp Bd ETF 3.35%
  5. iShares Short-Term Corporate Bond ETF 3.33%
  6. World Omni Automobile Lease Securitization Tr 2018-B 3.19% 1.18%
  7. Banco Santander, S.A. 3.5% 1.12%
  8. DT Auto Owner Trust 2016-2A 5.43% 1.11%
  9. Daimler Trucks Retail Trust 3.03% 1.10%
  10. Bank of America Corporation 2.33% 1.09%

Asset Allocation

Weighting Return Low Return High WUSDX % Rank
Bonds
80.02% 80.02% 160.64% 100.00%
Cash
13.86% -60.64% 19.63% 1.40%
Stocks
4.77% -0.98% 26.05% 1.08%
Convertible Bonds
1.35% 0.00% 6.13% 14.34%
Preferred Stocks
0.00% 0.00% 7.43% 98.35%
Other
0.00% -8.60% 31.85% 95.38%

Stock Sector Breakdown

Weighting Return Low Return High WUSDX % Rank
Utilities
0.00% 0.00% 100.00% N/A
Technology
0.00% 0.00% 100.00% N/A
Real Estate
0.00% 0.00% 100.00% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 37.50% N/A
Financial Services
0.00% 0.00% 100.00% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 100.00% N/A
Consumer Defense
0.00% 0.00% 26.01% N/A
Consumer Cyclical
0.00% 0.00% 100.00% N/A
Basic Materials
0.00% 0.00% 100.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High WUSDX % Rank
US
4.77% -1.58% 16.58% 0.93%
Non US
0.00% 0.00% 9.62% 98.06%

Bond Sector Breakdown

Weighting Return Low Return High WUSDX % Rank
Securitized
45.87% 0.00% 98.40% 10.97%
Corporate
41.54% 0.00% 99.29% 14.48%
Cash & Equivalents
11.20% -29.57% 21.18% 3.73%
Municipal
0.86% 0.00% 100.11% 57.20%
Government
0.53% -2.21% 122.41% 55.23%
Derivative
0.00% -0.83% 20.88% 98.21%

Bond Geographic Breakdown

Weighting Return Low Return High WUSDX % Rank
US
58.28% 58.28% 160.64% 100.00%
Non US
21.74% -12.34% 26.76% 1.04%

Expenses

WUSDX - Expenses

Operational Fees

WUSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.74% 0.01% 4.78% 53.91%
Management Fee 0.35% 0.00% 1.10% 41.11%
12b-1 Fee 0.00% 0.00% 1.00% 18.16%
Administrative Fee N/A 0.00% 0.50% 53.03%

Sales Fees

WUSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

WUSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

WUSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 0.00% 1434.00% 43.84%

Distributions

WUSDX - Distributions

Dividend Yield Analysis

WUSDX Category Low Category High WUSDX % Rank
Dividend Yield 1.37% 0.00% 3.49% 6.74%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

WUSDX Category Low Category High WUSDX % Rank
Net Income Ratio 2.20% 0.00% 6.30% 70.62%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

WUSDX - Fund Manager Analysis

Managers

Jay Mueller


Start Date

Tenure

Tenure Rank

Apr 21, 2004

15.79

15.8%

Jay Mueller is a senior portfolio manager for the Wells Fargo Asset Management (WFAM) Multi Sector Fixed Income – Plus team. Jay joined WFAM 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.

Christopher Kauffman


Start Date

Tenure

Tenure Rank

Oct 01, 2010

9.34

9.3%

Christopher Kauffman is a senior portfolio manager for the Wells Fargo Asset Management (WFAM) Multi Sector Fixed Income – Plus team. He joined WFAM 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 CFA Institute.

Noah Wise


Start Date

Tenure

Tenure Rank

Jan 01, 2013

7.08

7.1%

Noah Wise is a senior portfolio manager for the Wells Fargo Asset Management (WFAM) Multi Sector Fixed Income – Plus team. Noah joined WFAM in 2008 as a research analyst and later became a portfolio manager in 2013. Prior to joining WFAM, 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.

Michael Schueller


Start Date

Tenure

Tenure Rank

Jun 06, 2019

0.65

0.7%

Mike Schueller is a portfolio manager and research analyst for the Wells Fargo Asset Management (WFAM) Multi Sector Fixed Income – Plus team. Mike joined Wells WFAM as a senior investment research analyst from Strong Capital Management where he held a similar position. He rejoined Strong in 2000, having left the firm to start a trust department for Community Bank & Trust in Sheboygan, WI. Mike first joined Strong in 1998 as associate counsel in the legal department. For the three years previous to this, he practiced law with Reinhart, Boerner, Van Deuren, Norris & Rieselbach, S.C. in Milwaukee, WI, specializing in corporate reorganizations, mergers and acquisitions. He earned a bachelor’s degree in economics from the University of Minnesota and a law degree from the University of Wisconsin, Madison. Mike has earned the right to use the CFA designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 33.19 7.45 0.08