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WUSDX Wells Fargo Ultra Short-Term Income Adm

  • Fund
  • WUSDX
  • Price as of: May 10, 2019
  • $8.48 - $0.00 - 0.00%
  • Category
  • Total Bond Market

WUSDX - Profile

Vitals

  • YTD Return 0.8%
  • 3 Yr Annualized Return 0.2%
  • 5 Yr Annualized Return -0.1%
  • Net Assets $995 M
  • Holdings in Top 10 50.9%

52 WEEK LOW AND HIGH

$8.48
$8.41
$8.48

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.74%

SALES FEES

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

BROKERAGE FEES

  • Turnover 55.00%

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 0.8%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.54%
DIVIDENDS
  • Dividend Yield 0.5%
  • 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 N. Mueller

WUSDX - Performance

Return Ranking - Trailing

Period WUSDX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -1.4% 8.8% 87.81%
1 Yr 0.7% -16.4% 4.9% 66.73%
3 Yr 0.2%* -4.6% 43.7% 22.31%
5 Yr -0.1%* -5.8% 22.9% 15.90%
10 Yr 0.6%* -7.4% 15.9% 48.28%

* Annualized


Return Ranking - Calendar

Period WUSDX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.4% -22.2% 3.1% 5.44%
2017 0.0% -5.1% 25.1% 76.83%
2016 0.4% -8.5% 192.8% 58.35%
2015 -0.6% -33.0% 3.0% 9.42%
2014 -0.6% -29.8% 32.1% 73.63%

Total Return Ranking - Trailing

Period WUSDX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -1.4% 8.8% 88.93%
1 Yr 0.7% -16.4% 8.0% 71.63%
3 Yr 0.2%* -4.6% 48.8% 39.53%
5 Yr -0.1%* -3.8% 28.1% 39.08%
10 Yr 0.6%* -7.4% 18.7% 67.18%

* Annualized


Total Return Ranking - Calendar

Period WUSDX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.4% -22.2% 7.9% 12.01%
2017 0.0% -4.6% 25.1% 80.76%
2016 0.4% -4.1% 204.3% 68.18%
2015 -0.6% -32.4% 4.2% 22.13%
2014 -0.6% -29.8% 32.1% 80.44%

NAV & Total Return History

WUSDX - Holdings

Concentration Analysis

WUSDX Category Low Category High WUSDX % Rank
Net Assets 995 M 337 K 218 B 53.11%
Number of Holdings 370 3 17324 61.70%
Net Assets in Top 10 -155 M -1.98 B 29.3 B 98.41%
Weighting of Top 10 50.87% 3.4% 1616.9% 22.33%

Top 10 Holdings

  1. US 2 Year Note (CBT) June19 35.29%

  2. SPDR® Portfolio Short Term Corp Bd ETF 3.89%

  3. Wf Sec Lending Cash Invst Llc Wbbs 3.80%

  4. Homeward Opportunities Fund I Trust 3.45% 1.37%

  5. Deutsche Telekom International Finance B.V. 2.22% 1.26%

  6. Volvo Financial Equipment LLC 1.92% 1.18%

  7. Banco Santander-Chile 2.5% 1.04%

  8. ANZ New Zealand (Int'l) Limited, London Branch 2.6% 1.04%

  9. Huntington National Bank of Ohio 2.38% 1.01%

  10. Drive.Auto.Recs.Tr (A2) 16-Ca 3.02% 1.00%


Asset Allocation

Weighting Return Low Return High WUSDX % Rank
Bonds
86.79% -342.57% 340.77% 81.78%
Cash
13.19% -246.66% 453.71% 13.32%
Convertible Bonds
0.03% 0.00% 28.21% 72.10%
Stocks
0.00% -0.99% 97.68% 65.08%
Preferred Stocks
0.00% -0.18% 20.25% 69.58%
Other
0.00% -98.75% 19.81% 67.59%

Bond Sector Breakdown

Weighting Return Low Return High WUSDX % Rank
Corporate
65.71% 0.00% 128.48% 5.77%
Securitized
51.75% 0.00% 102.58% 17.89%
Cash & Equivalents
13.19% -547.52% 455.04% 11.73%
Municipal
0.87% 0.00% 102.07% 23.46%
Derivative
0.00% -190.53% 299.06% 54.54%
Government
-35.31% -203.24% 178.24% 99.01%

Bond Geographic Breakdown

Weighting Return Low Return High WUSDX % Rank
US
56.39% -337.34% 218.41% 88.01%
Non US
30.40% -108.37% 122.36% 10.47%

WUSDX - Expenses

Operational Fees

WUSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.74% 0.00% 38.42% 61.10%
Management Fee 0.35% 0.00% 2.15% 36.69%
12b-1 Fee 0.00% 0.00% 1.00% 10.37%
Administrative Fee 0.10% 0.00% 0.63% 53.31%

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 0.15% 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

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 Return Low Category Return High Rank in Category (%)
Turnover 55.00% 0.00% 2337.00% 33.00%

WUSDX - Distributions

Dividend Yield Analysis

WUSDX Category Low Category High WUSDX % Rank
Dividend Yield 0.47% 0.00% 2.87% 10.46%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

WUSDX Category Low Category High WUSDX % Rank
Net Income Ratio 1.54% -2.82% 7.22% 86.02%

Capital Gain Distribution Analysis

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

WUSDX - Managers

Jay N. Mueller

Manager

Start Date

Tenure

Tenure Rank

Apr 21, 2004

15.03

15.0%

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 Y. Kauffman

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2010

8.58

8.6%

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 M. Wise

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2013

6.33

6.3%

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.


Tenure Analysis

Category Low

0.0

Category High

30.35

Category Average

6.92

Category Mode

6.95