Mutual Fund Insights: Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX)

In-depth Analysis of Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX)

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See Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX) performance details as of February 28, 2010

  

Last Trade: $4.82 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Julio C. Bonilla

Fund Manager Tenure: 2.4 years   [Similar Funds: SMAIX ]
Fundmojo Fund Grade: A (Score: 0.73)     (What does this score mean?)

Julio C. Bonilla joined the Wells Capital Management team that specializes in tax-exempt fixed income securities in 2005. Previously Bonilla worked as a brokerage sales assistant in 1997 at Wells Fargo Bank.  Get more insights on Julio C. Bonilla

  

 What we like about Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX)

Data for Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX) as of February 28, 2010

• Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX) has good mid-term performance (3-year return 4.04% vs 3.45 % Muni National Short category average)
• Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX) has good Long-term performance (5-year return 3.58% vs 3.04 % Muni National Short category average)
• Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX) ratio of up-years vs down years is greater than 2
• Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX) is less volatile than its peers as it has a 3-year Standard Deviation of 1.13, lower than category average of 2.59
• Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX) has a lower management fee than its Muni National Short average: 0.67% vs 0.84%

  

 What we are cautious about Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX)

Data for Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX) as of February 28, 2010

• Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX) management has been with Wells Fargo Advantage Ult S/T Mun Inc A Fund for only 2.4 years, it is hard to judge manager's ability based on this fund's operation record
• Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX) has a less-than-ideal short-term performance (1-year return 4.36% vs 4.82 % Muni National Short category average)
• Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX) has a Morningstar rating of 3 and below
• Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX) is less safe compared to its Muni National Short peers
• Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX) has an annual stock turnover rate of 186.00% that is higher than the Muni National Short average of 40.25%. This could mean Wells Fargo Advantage Ult S/T Mun Inc A is more nimble, but also signal potential high tax impact and high trading fees
• Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX) carries a 2% load

See Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX) performance details as of February 28, 2010

  

  

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Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX) Net Asset

Track net asset change of Wells Fargo Advantage Ult S/T Mun Inc A fund (SMAVX)

Date	Net Asset
02/2010	$7.77B
01/2010	$3.99B
11/2009	$3.91B

More historic net asset information on Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX)

  

Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX) Portfolio Allocation

Track portfolio allocation change of Wells Fargo Advantage Ult S/T Mun Inc A fund (SMAVX)

Date	Cash	Stock	Bond	Other
09/2009	7.94%	0%	92.06%	0%
06/2009	11.89%	0%	88.11%	0%
03/2009	10.68%	0%	89.32%	0%

Click here to see more historic asset allocation information on Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX)

  

Most Recent Top 10 Holdings in Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX)

Discover what Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX) manager is buying

30-Sep-09 Cook Cnty Ill Cap Impt [1.67%] Wfa Natl Tax Free Trust Par 657 [1.54%] Kent Hosp Fin Auth [1.5%] Puerto Rico Sales Tax Fing Cor Rev Bd 5% [1.49%] DELAWARE VALLEY PA REGL FIN AU LOCAL GOV [1.15%] Alaska Hsg Fin Corp Hm Mtg R Var Rev B [1.13%] Atlanta Ga Arpt Rev Var Ref R [1.12%] California St Dept Wtr Res Pwr Var 3.18% [0.96%] Texas Mun Gas Acquisition & Su Rev Bds [0.95%] North Tex Twy Auth 5% [0.92%]

30-Jun-09 Cook Cnty Ill Cap Impt [2.68%] Kent Hosp Fin Auth [2.4%] PUERTO RICO SALES TAX FING COR REV BDS [2.13%] Atlanta Ga Arpt Rev Var Ref R [1.8%] Alaska Hsg Fin Corp Hm Mtg R Var Rev B [1.62%] California St Dept Wtr Res Pwr Var 3.18% [1.3%] Richmond Calif Jt Pwrs Fing Au Var 3.75% [1.3%] Delaware Valley Pa Regl Fin Au Loc Gov [1.22%] Texas St G O Mobil [1.2%] Wisconsin St Health & Edl Facs Var Rt Re [1.2%]

31-Mar-09 CALIFORNIA ST DEPT WTR RES PWR VAR REV B [2.35%] Jefferson La Sales Tax Dist [2.28%] Philadelphia Pa Wtr & Wastewtr Var Ref R [2.11%] Texas St G O Mobil [2.1%] Metropolitan Transn Auth [1.97%] Narragansett R I Bay Commn Was Var Waste [1.95%] New York N Y City Mun Wtr Fin Adj Rev B [1.9%] CALIFORNIA ST VAR RATE [1.88%] Chicago Ill Brd Ed Go Bonds [1.58%] Michigan St Hosp Fin Auth 2.75% [1.58%]

Click here for Stock Holding Change Map in Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX)

  

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See more information on Wells Fargo Advantage Ult S/T Mun Inc A Fund (SMAVX)

• Wells Fargo Advantage Ult S/T Mun Inc A Fund Insights
• Wells Fargo Advantage Ult S/T Mun Inc A Fund Performance Data
• Wells Fargo Advantage Ult S/T Mun Inc A Fund News
• Wells Fargo Advantage Ult S/T Mun Inc A Fund Score Explaination
• Wells Fargo Advantage Ult S/T Mun Inc A Fund Manager Information
• Historic Wells Fargo Advantage Ult S/T Mun Inc A Fund Asset Allocation Report
• Historic Wells Fargo Advantage Ult S/T Mun Inc A Fund Top 10 Holding Tracking
• Historic Wells Fargo Advantage Ult S/T Mun Inc A Fund Asset Under Management Tracking