Wells Fargo Advantage Ult S/T Mun Inc I  SMAIX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni National Short 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
   0.63 Yrs
   Avg Credit Quality
   AA
As of 2009-06-30
Day Change
$ 0.00
  
NAV (2009-11-20)
$ 4.80
  
YTD Return % (2009-11-20)
5.73%
  
Total Assets ($ mil)
7,228
View Data Definitions
  Performance    
Growth of $10,000 Fund: Wells Fargo Advantage Ult S/T Mun Inc I
(from 2000-07-31 to 2009-10-31) Category: Muni National Short
Index: BarCap Municipal TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2000-07-31 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 5.73 5.86 4.40 3.93 --- 3.37
+/- Category 0.93 0.51 1.35 1.30 --- ---
+/- BarCap Municipal TR USD -6.41 -5.81 0.15 -0.43 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 5.46 5.68 4.56 3.78 --- 3.38
Month-End (as of 2009-10-31) 5.62 6.02 4.50 3.77 --- 3.37
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 6.02 4.50 3.77 --- ---
On Distribution & Sale of Shares --- 5.26 4.47 3.78 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 123 funds), (5 yrs : out of 117 funds), (10 yrs : out of 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.
  Portfolio Profile    
Sector Breakdown %
General Obligations 4.12
Advance Refunded 0.61
State Appropriated Tobacco ---
Non-state Appropriated Tobacco 0.51
Education 8.69
Health 24.78
Housing 5.37
Industrial 10.69
Transportation 8.49
Utilities 4.47
Water/Sewer 7.30
Misc. Revenue 24.96
Bond Quality % of Bonds
AAA 61.0
AA 9.0
A 20.0
BBB 7.0
BB 0.0
B 0.0
Below B 0.0
Not Rated 3.0
 
Asset Allocation
% of Net Assets
Cash 11.9
Stocks 0.0
Bonds 88.1
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 % 186
Total Number of Bond Holdings 391 30 Day SEC Yield % 3.32
% of Assets in Top 10 Holdings 16.85 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
Cook Cnty Ill Cap Impt 2033-11-01 110,100 110,100 2.68
Kent Hosp Fin Auth 2047-01-15 98,840 98,840 2.40
PUERTO RICO SALES TAX FING COR REV BDS 2039-08-01 86,500 87,469 2.13
Atlanta Ga Arpt Rev Var Ref R 2030-01-01 73,900 73,900 1.80
Alaska Hsg Fin Corp Hm Mtg R Var Rev B 2041-12-01 66,500 66,500 1.62
California St Dept Wtr Res Pwr Var 3.18% 2016-05-01 53,500 53,500 1.30
Richmond Calif Jt Pwrs Fing Au Var 3.75% 2037-08-01 53,410 53,406 1.30
Delaware Valley Pa Regl Fin Au Loc Gov 2016-08-01 50,000 50,000 1.22
Texas St G O Mobil 2030-04-01 49,475 49,475 1.20
Wisconsin St Health & Edl Facs Var Rt Re 2028-04-01 49,300 49,300 1.20
Data through 2009-06-30
  Other Information
Fund Inception: 2000-07-31
Portfolio Manager  (Start Date)
Lyle J. Fitterer  (2000-07-01)
Fitterer works as managing director in Wells Capital Management which he joined in 2005. Previously he served with SCM since 1989.
Wendy Casetta  (2005-12-31)
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.
Julio C. Bonilla  (2007-11-01)
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 % 0.37
based on net assets
(taken from annual report dated 2009-06-30)
Correspondence Information
525 Market Street

San Francisco,  CA  94163
United States
Telephone:
800-222-8222
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.