|
Overall Morningstar
Rating™ |
| What is this? |
 |
 |
| As of 2009-10-31 |
|
Out of
Muni Minnesota Funds |
|
| Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. |
|
|
|
Morningstar®
Style Box™ |
| What is this? |
|
 |
|
Avg Duration |
|
|
6.71 Yrs
|
|
|
|
Avg Credit Quality |
|
|
A |
|
| As of
2009-06-30 |
|
|
| Day Change |
| $ 0.00 |
|
|
| NAV (2009-11-20) |
| $ 10.68 |
|
|
| YTD Return % (2009-11-20) |
| 11.94% |
|
|
| Total Assets ($ mil) |
| 184 |
|
| Growth of $10,000 |
 |
Fund: |
Wells Fargo Advantage MN Tax-Free A LW |
| (from
1999-01-01
to 2009-10-31) |
 |
Category: |
Muni Minnesota |
|
 |
Index: |
Barcap Municipal! |
| Total Annualized Returns % |
1yr, 3yr and 5yr Returns as of 2009-11-20 |
| Inception date: 1988-01-12 |
10yr and Inception Returns as of 2009-10-31 |
|
YTD Returns as of 2009-11-20 |
|
|
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
| Fund |
11.94 |
10.70 |
3.63 |
3.73 |
5.21 |
5.48 |
| +/- Category |
-2.47 |
-3.13 |
0.41 |
0.29 |
0.41 |
--- |
| +/- Barcap Municipal! |
--- |
--- |
--- |
--- |
--- |
--- |
|
|
| Standardized Annual Returns % more on standardized returns |
| Quarter-End (as of
2009-09-30) |
13.06 |
10.95 |
4.27 |
3.98 |
5.19 |
5.58 |
| Month-End (as of 2009-10-31) |
11.24 |
11.58 |
3.49 |
3.50 |
5.21 |
5.48 |
|
|
| After Tax Returns % (as of
2009-09-30
)
|
| On Distribution |
--- |
11.56 |
3.45 |
3.45 |
5.17 |
--- |
| On Distribution & Sale of Shares |
--- |
9.09 |
3.58 |
3.59 |
5.13 |
--- |
|
|
| Morningstar Rating |
--- |
--- |
 |
|
|
--- |
|
| # of compared funds covered (3 yrs : out of 56 funds), (5 yrs : out of 53 funds), (10 yrs : out of 52 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is
none,
the maximum deferred sales fee is
none,
and the maximum redemption sales fee is
none. |
|
| The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein. |
|
|
|
|
| Sector Breakdown % |
|
| General Obligations |
13.15 |
| Advance Refunded |
24.06 |
| State Appropriated Tobacco |
---
|
| Non-state Appropriated Tobacco |
---
|
| Education |
16.31 |
| Health |
14.50 |
| Housing |
8.85 |
| Industrial |
0.39 |
| Transportation |
7.86 |
| Utilities |
7.99 |
| Water/Sewer |
---
|
| Misc. Revenue |
6.88 |
|
| Bond Quality |
% of Bonds |
| AAA |
21.0 |
| AA |
33.0 |
| A |
22.0 |
| BBB |
10.0 |
| BB |
0.0 |
| B |
0.0 |
| Below B |
0.0 |
| Not Rated |
14.0 |
|
|
|
|
|
| |
|
|
| Asset Allocation |
|
 |
|
| % of Net Assets |
 |
Cash |
3.8 |
 |
Stocks |
0.0 |
|
Bonds |
96.2 |
 |
Other |
0.0 |
|
|
|
Foreign Stocks |
0.0 |
|
(as a % of Assets) |
|
|
| Data through 2009-06-30 |
Data through 2009-06-30 |
 |
| Holding Status |
|
| Total Number of Stock Holdings |
|
|
Turnover % |
28 |
| Total Number of Bond Holdings |
145 |
|
30 Day SEC Yield % |
3.62 |
| % of Assets in Top 10 Holdings |
23.81 |
|
ending as of
2009-09-30 |
|
|
|
|
View Data Definitions |
| Top 10 Holdings |
Maturity
Date |
Amount
$000 |
Value
$000 |
% of Net
Assets |
|
|
|
|
|
|
|
Univ Minn Univ Bds 5.5% |
2021-07-01 |
7,310 |
8,233 |
4.66 |
|
Univ Minn Spl Purp Rev Spec Purp 5% |
2025-08-01 |
5,000 |
5,210 |
2.95 |
|
St Cloud Minn Health Care Rev Rev 5.75% |
2026-05-01 |
4,875 |
4,930 |
2.79 |
|
Minnesota Agric & Econ Dev Rev Bds 5% |
2037-02-15 |
4,030 |
3,924 |
2.22 |
|
Minneapolis & St Paul Minn Met Sub 5.25% |
2021-01-01 |
3,660 |
3,895 |
2.20 |
|
 |
|
Minnesota St Go Bds 5% |
2018-12-01 |
3,000 |
3,457 |
1.96 |
 |
Seaway Port Auth 4.2% |
2013-05-01 |
3,250 |
3,269 |
1.85 |
|
Southern Minn Mun Pwr Agy Pwr Cap Appre |
2020-01-01 |
5,000 |
3,109 |
1.76 |
|
Bloomington Minn Indpt Sch Dis G.O. B 5% |
2016-02-01 |
3,000 |
3,065 |
1.73 |
|
Anoka-Hennepin Minn Indpt Sch G.O. Sc 5% |
2018-02-01 |
2,845 |
2,993 |
1.69 |
|
|
 |
Data through 2009-06-30 |
|
|
|
| Fund Inception: 1988-01-12 |
|
Portfolio Manager (Start Date) |
|
|
|
|
|
Adrian Van Poppel (2005-08-31) |
|
|
|
Van Poppel joined Wells Capital Management in 1997 and was responsible for trading cash positions of repurchase agreements and sweep for all mutual funds. He has been with the firm and its parent company since he began his investment career in 1996. Van Poppel is a member of the California Society of Municipal Analysts and the Municipal Bond Club of San Francisco. |
|
|
|
|
|
Wendy Casetta (2008-03-05) |
|
|
|
Casetta joined Wells Capital Management in January 2005 with the acquisition of Strong Capital Management, Inc where she worked as a senor research analyst. Previously she was a fixed income trader and investment associate at Barnett Capital Advisors from August of 1994 to May of 1998. In 1993 Casetta served in Nicholas Company. |
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|
|
|
|
Julio C. Bonilla (2009-11-01) |
|
|
|
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. |
|
|
|
|
Sales Charge %
(taken from prospectus dated 2009-11-01) |
| Front: |
None |
| Deferred: |
None |
|
| Expense Ratio % |
0.85 |
based on net assets
(taken from annual report dated 2008-06-30)
|
|
| Correspondence Information |
525 Market Street
San Francisco,
CA
94163
United States |
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