WWTFX: Wells Fargo Wisconsin Tax-Free A

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WWTFX Wells Fargo Wisconsin Tax-Free A


Profile

WWTFX - Profile

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return 1.6%
  • 5 Yr Annualized Return 0.5%
  • Net Assets $154 M
  • Holdings in Top 10 23.4%

52 WEEK LOW AND HIGH

$11.24
$10.81
$11.24

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.94%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 8.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification


Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.66%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Wells Fargo Wisconsin Tax-Free Fund
  • Fund Family Name
    Wells Fargo Funds
  • Inception Date
    Mar 31, 2008
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Thomas Stoeckmann

Fund Description

The fund invests at least 80% of the fund's net assets in municipal securities whose interest is exempt from federal income tax, including federal alternative minimum tax (AMT), and Wisconsin individual income tax. It invests up to 20% of the fund's net assets in securities whose interest is subject to federal income tax, including federal AMT. While the fund may purchase securities of any maturity, under normal circumstances, the advisor expects the fund's dollar-weighted average effective maturity to be between 3 and 20 years. The fund is non-diversified.


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Categories

Fund Company Quick Screens

WWTFX - Fund Company Quick Screens


Performance

WWTFX - Performance

Return Ranking - Trailing

Period WWTFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -1.5% 8.9% 72.52%
1 Yr 3.9% -2.3% 23.6% 68.50%
3 Yr 1.6%* -2.8% 5.8% 32.98%
5 Yr 0.5%* -2.7% 12.4% 32.79%
10 Yr 0.6%* -5.1% 3.9% 42.51%

* Annualized

Return Ranking - Calendar

Period WWTFX Return Category Return Low Category Return High Rank in Category (%)
2019 3.3% -1.7% 18.3% 63.45%
2018 -1.2% -11.7% 4.6% 19.03%
2017 1.7% -4.4% 8.3% 29.18%
2016 -2.6% -7.8% 7.7% 73.96%
2015 0.4% -18.3% 3.0% 4.79%

Total Return Ranking - Trailing

Period WWTFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -1.5% 8.9% 72.52%
1 Yr 3.9% -2.3% 23.6% 68.72%
3 Yr 1.6%* -2.8% 7.9% 41.18%
5 Yr 0.5%* -2.7% 12.4% 46.76%
10 Yr 0.6%* -1.4% 7.1% 59.04%

* Annualized

Total Return Ranking - Calendar

Period WWTFX Return Category Return Low Category Return High Rank in Category (%)
2019 3.3% -1.7% 18.3% 64.07%
2018 -1.2% -11.7% 6.5% 26.46%
2017 1.7% -4.4% 10.4% 40.02%
2016 -2.6% -7.8% 10.7% 76.43%
2015 0.4% -12.6% 4.2% 10.12%

NAV & Total Return History


Holdings

WWTFX - Holdings

Concentration Analysis

WWTFX Category Low Category High WWTFX % Rank
Net Assets 154 M 690 K 259 B 79.47%
Number of Holdings 131 1 17668 75.72%
Net Assets in Top 10 35.6 M -216 M 21.4 B 76.68%
Weighting of Top 10 23.44% 2.5% 100.0% 42.81%

Top 10 Holdings

  1. MADISON WIS CMNTY DEV AUTH REV 5% 3.29%
  2. WISCONSIN ST HEALTH & EDL FACS AUTH REV 1.7% 2.63%
  3. APPLETON WIS RECOVERY ZONE FAC REV 1.66% 2.63%
  4. WISCONSIN ST HEALTH & EDL FACS AUTH REV 5% 2.39%
  5. MILWAUKEE WIS REDEV AUTH REV 5% 2.32%
  6. WISCONSIN ST HEALTH & EDL FACS AUTH REV 4% 2.20%
  7. WISCONSIN HSG & ECONOMIC DEV AUTH MULTIFAMILY HSG 4.85% 2.13%
  8. SOUTHEAST WIS PROFESSIONAL BASEBALL PK DIST SALES TAX REV 5.5% 1.98%
  9. WISCONSIN HSG & ECONOMIC DEV AUTH MULTIFAMILY HSG 1.58% 1.96%
  10. UNIVERSITY WIS HOSPS & CLINICS AUTH REV 1.63% 1.91%

Asset Allocation

Weighting Return Low Return High WWTFX % Rank
Bonds
97.41% 80.02% 159.74% 46.85%
Cash
2.60% -59.74% 19.63% 42.85%
Stocks
0.00% -0.98% 25.43% 65.06%
Preferred Stocks
0.00% 0.00% 7.43% 68.53%
Other
0.00% -8.60% 31.85% 66.20%
Convertible Bonds
0.00% 0.00% 7.23% 78.25%

Bond Sector Breakdown

Weighting Return Low Return High WWTFX % Rank
Municipal
97.40% 0.00% 100.11% 30.58%
Cash & Equivalents
2.60% -29.57% 21.18% 47.96%
Derivative
0.00% -0.83% 22.35% 67.20%
Securitized
0.00% 0.00% 98.40% 81.76%
Corporate
0.00% 0.00% 99.62% 84.37%
Government
0.00% -2.21% 122.41% 83.58%

Bond Geographic Breakdown

Weighting Return Low Return High WWTFX % Rank
US
92.36% 58.28% 156.78% 52.11%
Non US
5.05% -12.34% 26.76% 44.49%

Expenses

WWTFX - Expenses

Operational Fees

WWTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.94% 0.01% 38.00% 36.56%
Management Fee 0.40% 0.00% 1.10% 54.63%
12b-1 Fee 0.00% 0.00% 1.00% 11.10%
Administrative Fee 0.16% 0.00% 0.50% 89.01%

Sales Fees

WWTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.50% 5.75% 14.86%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

WWTFX 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.

WWTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 8.00% 0.00% 489.00% 5.76%

Distributions

WWTFX - Distributions

Dividend Yield Analysis

WWTFX Category Low Category High WWTFX % Rank
Dividend Yield 0.43% 0.00% 3.18% 46.60%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

WWTFX Category Low Category High WWTFX % Rank
Net Income Ratio 2.66% 0.00% 6.30% 47.09%

Capital Gain Distribution Analysis

WWTFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Dividend Payout History

View More +

Fund Manager Analysis

WWTFX - Fund Manager Analysis

Managers

Thomas Stoeckmann


Start Date

Tenure

Tenure Rank

Dec 31, 2005

14.09

14.1%

Mr. Stoechmann joined Wells Capital Management or one of its predecessor firms in 2005, where he currently serves as a Portfolio Manager with the Tax-Exempt Fixed-Income team and is the leader of the Tax-Exempt Research team. Previously he worked with SCM from March 1993 and began a municipal research analyst in February 1996.

Bruce Johns


Start Date

Tenure

Tenure Rank

Nov 01, 2017

2.25

2.3%

Bruce Johns is a portfolio manager for the Wells Fargo Asset Management (WFAM) Municipal Fixed Income team. In this capacity, he manages certain state specific mutual funds, oversees management for portfolio liquidity assets. In addition, he is a research analyst for several healthcare sector issuers. Bruce joined WFAM from Strong Capital Management where he was a senior research analyst. Prior to taking on the role of research analyst at Strong his area of responsibility included all fixed income settlements operations. Bruce began his investment industry career in 1998 as a mutual fund and brokerage agent with Strong Financial Services. He earned a Bachelor’s degree in business and finance from the University of Wisconsin, Parkside. Bruce is a member of the National Federation of Municipal Analysts and the Minnesota Society of Municipal Analysts.

Wendy Casetta


Start Date

Tenure

Tenure Rank

Mar 28, 2019

0.85

0.9%

Wendy Casetta is a senior portfolio manager for the Wells Fargo Asset Management (WFAM) Municipal Fixed Income team. She joined Wells Fargo Asset Management (WFAM) 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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 33.19 7.42 0.08