Wells Fargo Government Money Market Fund

Money Market Funds In The Current Environment

Money market funds offered negligible yields in the low-rate environment that persisted over the past several years. Now that interest rates are rising, seven-day yield figures have been revived.

Still, inflation is rising at an even greater rapid clip. According to the Bureau of Labor Statistics Consumer Price Index , inflation stood at 8.6% in May 2022, its highest since 1981. Even though money market funds are paying more, inflation erodes real returnson all investments, not just money market funds.

In an inflationary market, its important to be mindful of how your investment returns are affected. A money market fund is a great option if you want to park cash for a relatively short termif youre holding cash for a large purchase like a house, just be aware of the impact of inflation. Remember, its always a good idea to discuss your plans with a financial advisor.

Are Money Market Accounts A Good Investment

A high-yield money market account can be both a worthwhile investment and short-term savings tool for liquid money. Its a worthwhile investment for money that needs to earn a competitive APY and be kept safe. One of the safest places is an eligible account at a FDIC bank thats within FDIC insurance limits. If your money market account is at an FDIC bank or has NCUSIF protection through an NCUA credit union then your account is covered if its within coverage limits.

A money market account is a worthwhile investment if you value, generally, quick access to your account and a federally insured account. There are other investments, such as stocks, that may provide higher rates of return, but they may also put your principal at risk. So, a money market account may be a worthwhile investment for funds you cant afford to lose. A money market account with a high interest rate may be the perfect place for money that you intend to grow but may need in the near future.

What Is The Difference Between A Jumbo Money Market Account And A Traditional Money Market Account

A jumbo money market account is likely to have a higher minimum balance requirement than a normal money market account. Generally, a jumbo deposit product requires a minimum balance of $100,000. The same minimum balance requirement is also true with jumbo CDs. Jumbo money market accounts are rare, but there are at least two institutions that offer them:

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How Our Bank Deposit Sweep Program Works

With the Bank Deposit Sweep, the more assets you hold with us, the higher your interest rate will be for the cash deposited into the Sweep Program. Other benefits include the ability to have up to $1,250,000 Federal Deposit Insurance Corporation insurance for deposits in your Wells Fargo Advisors account when deposits are held at all five Program Banks in the Expanded Bank Deposit Sweep Program.

The Expanded Bank Deposit Sweep is the primary Cash Sweep Vehicle for eligible clients. The Expanded Bank Deposit Sweep consists of interest bearing deposit accounts at affiliated and unaffiliated Program Banks. The Expanded Bank Deposit Sweep will provide up to $1.25 million in FDIC insurance . Balances in excess of $1,250,000 for the Expanded Bank Deposit Sweep will be deposited at Wells Fargo Bank N.A. and may not be FDIC insured.

Additional information is contained in the Wells Fargo Advisors Sweep Features Eligibility * and the Cash Sweep Disclosure Statement *.

Additional Information About The Proposed Fund Family Integration

Where can I find detailed information about the mapping of share classes for all the Funds in the proposed lineup?

A Wells Fargo Advantage Funds and Evergreen Funds Merger Conversion Tool is available on our Web sites. Please visit the following links:

Wells Fargo Advantage Funds Institutional Cash Management Web site:

wellsfargoadvantagefunds.com/wfweb/wf/home/integration_tool/wfaf_icm.jsp

Wells Fargo Advantage Funds Web site: wellsfargoadvantagefunds.com/wfweb/wf/home/integration_tool/wfaf.jsp

Will current shareholders of an acquiring Wells Fargo Advantage money market fund receive a combined prospectus/proxy statement?

No, only the Evergreen money market funds shareholders will receive combined prospectus/proxy statements.

Following the reorganizations, mergers, and liquidations, how many Wells Fargo Advantage Funds will be offered?

If all of the proposed changes take effect, Wells Fargo Advantage Funds will have a combined total of 128 mutual funds, variable trust funds, and Wells Fargo Managed Account CoreBuilder® Shares.

Following the Fund mergers, what will be the Funds Web site address?

After the mergers and reorganizations are complete, all investors will use wellsfargo.com/advantagefunds as the primary Web site address. Until that time, Evergreen Funds investors may continue to visitevergreeninvestments.com. After the mergers and reorganizations, the Evergreen Investments site will redirect to wellsfargo.com/advantagefunds.

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Is A Money Market Account A Savings Or Checking Account

Money market accounts are savings products, but they often act as a hybrid of traditional savings and checking accounts, carrying characteristics of both.

Money market accounts tend to come with higher interest rates than traditional savings accounts but with higher minimum deposit and balance requirements.

Like savings accounts, money market accounts generally only allow for up to six withdrawals or transfers per statement cycle, making them best for parking cash.

But like a checking account, they may come with checks and possibly a debit card, allowing you to make purchases directly from the account.

What Is A Good Money Market Account

A good money market account carries a competitive APY and has minimum balance requirements that fit your needs and helps you avoid incurring any fees. If the money market account requires a higher balance, the best money market accounts reward you with a higher APY for keeping this balance. The balance requirement doesnt really matter, as long as its within what you plan on keeping in the account so that you earn a maximum APY and dont incur fees.

Another perk of a good money market account is one that offers an ATM card for ATM access or check-writing privileges and free checks for writing an occasional check. Under Regulation D, money market accounts generally dont permit more than six of these convenient transactions per month.

Since these accounts arent meant for daily use, its OK if the account doesnt have these features. Just know how youre going to access your money when you need to.

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Ways To Help Manage Risk

Know what you own. Reading a funds prospectus is a good way to learn about the fund, its goals, and fees. You can also use the Wells Fargo Advisors Mutual Fund Screener tool to research mutual funds.

Dont rely on market news. While it may be tempting to buy a fund youve heard good things about, try to avoid buying a fund solely based on past performance. Keep in mind that markets are cyclical which means they go up, peak, and go down again. Buying or selling investments following market news may leave you one step behind the markets.

A carefully considered investment plan designed for long-term investing and based on your target asset allocation strategy can help you reach your long-term goals. An asset allocation strategy is an investment strategy that seeks to balance risk and reward by dividing your money among different asset categories, such as stocks, bonds, and cash. Your recommended asset allocation strategy is based on your individual investment goal, time frame, and risk tolerance. Asset allocation cannot eliminate the risk of fluctuating prices and uncertain returns, and it does not guarantee profit or protect against loss in declining markets.

An asset allocation fund is a mutual fund that invests in other mutual funds rather than individual stocks, bonds and cash that seeks to maintain a certain allocation in the primary asset categories through its investments in underlying funds based on a set investment objective.

Risk Considerations:

How you can invest

The State Of Money Market Yields Following Fed Action

Wells Fargo Investment Institute – July 26, 2021

Key takeaways

• The Federal Reserves actions taken in June 2021 served toslightly increase the yield of certain securities held in money marketfunds. Money market fund yields remain positive, and the slight increase in yield has been supportive of fund net asset values, whichhave generally remained slightly above $1.
• Money market yields have declined notably since the Fed reduced thefederal funds rate in early 2020. Current expectations are that the Fedwill keep rates at low levels with the first rate hike coming in early 2023.

What it may mean for investors

• We believe that the economy appears solid, and that this is not the end of the cycle or the bull market. We believe that long-term investors should focus on implementing their investment plans, which should include asset allocation, diversification, and rebalancing.
• With the Feds zero interest rate policy still in place, fund yields are verylow and we expect them to stay relatively low over the next few years.For investors looking to invest new assets in the money market space,we favor Treasury and government money funds.

In early 2020, the flight to quality during the onset of the coronavirus pandemic had investors keenly focused on liquidity and potential risks in money market funds. The Feds actions taken during that turbulent time in the markets served to enhance liquidity in the broader markets and in money markets more specifically.

Risk Considerations

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Money Market Fund Rate Report

Figures quoted represent past performance, which is no guarantee of future results, and do not reflect taxes that a shareholder may pay on a fund. Yields will fluctuate. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Current month-end performance is available at the funds website, allspringglobal.com. Money market funds are sold without a front-end sales charge or contingent deferred sales charge. Other fees and expenses apply to an investment in the fund and are described in the funds current prospectus.*Government Money Market FundsFor government money market funds: You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The funds sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.Carefully consider a funds investment objectives, risks, charges, and expenses before investing. For a current prospectus and, if available, a summary prospectus, containing this and other information, visit allspringglobal.com. Read it carefully before investing.

Fdic Insurance Coverage For The Bank Deposit Program

Balances on deposit in the Bank Deposit Sweep Programs, together with any other of your deposits at the Program Banks, are insured by the FDIC, up to a maximum amount in accordance with the rules of the FDIC. Deposits at each of the Program Banks are eligible for federal deposit insurance up to $250,000. Different ownership categories of accounts are separately insured.

For more information on the Bank Deposit Programs and participating Program Banks click here *.

If you have other deposits at the Program Banks outside of the Bank Deposit Sweep Programs, you must aggregate all such deposits with your Bank Deposit Sweep Program balance for purposes of determining FDIC coverage. If your total funds on deposit at any Program Bank exceed the applicable FDIC insurance limit, the FDIC will not insure your funds in excess of the limit. Please note that you, and not Wells Fargo Advisors, are responsible for monitoring the total amount of your deposits at the Program Banks in order to determine the extent of FDIC insurance coverage available. If you expect to have total deposits at the Program Banks, including balances through the Standard Bank Deposit Sweep or Expanded Bank Deposit Sweep, that exceed FDIC insurance coverage limits, you should carefully consider whether you should arrange for the direct investment of amounts exceeding such coverage.

Please see the Cash Sweep Disclosure Statement * for more information on FDIC insurance coverage.

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Which Is Better: Money Market Fund Or Savings Account

A savings account with a financial institution is the safest, most liquid option for holding cash. Thats because the FDIC insures savings account deposits for up to $250,000, and funds are instantly available at the ATM or counter.

That said, money market funds are also very low risk given that they invest in cash and securities guaranteed by the US government, such as Treasury bills, Treasury notes and repurchase agreements based on government-backed obligations.

Both accounts are extremely liquid, although some funds impose liquidity fees on redemption and certain limitations on redemption periods.

Money Market Fund Sweep

The Money Market Fund Sweep automatically sweeps uninvested cash balances into a money market fund.

The Money Market Sweep is the default Sweep Feature for certain types of brokerage accounts as listed in the eligibility table, and for day-trading accounts. Wells Fargo Advisors Sweep Features Eligibility *.

Note: To learn more about these Cash Sweep features or alternatives, please contact your Financial Advisor.

Have a question for a financial advisor?

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How Do I Open A Money Market Account

Opening a money market is as easy as choosing which bank and account is right for you. Some money market accounts dont have a minimum opening balance requirement, so you wont have to worry about keeping a certain amount in the account or incurring a maintenance fee. Compare the top APY accounts with the minimum balance that youre comfortable with to make the best decision for your saving needs.

Prior to opening a money market account online youll want to:

Almost all of this information may also be needed if you open a new account in person. You may need cash or a check to fund a new account opened in a branch.

What Is A High

A high-yield money market account is one that has a competitive APY. In some instances, money market accounts may have higher APYs than savings accounts.

But technically, a money market is a savings deposit account, according to the Federal Reserve. The main differentiator is that a high-yield money market account may allow for check-writing privileges and/or have ATM accessibility .

These withdrawal features on both a high-yield money market account and a savings account are generally limited under Regulation D to no more than six convenient transfers or withdrawals per statement cycle. Some banks, though, may impose even more limitations on withdrawals and check writing on a high-yield money market account.

In late April 2020, the Federal Reserve Board announced an interim final rule to amend Regulation D so that consumers can make an unlimited amount of withdrawals or deposits from savings deposit accounts, which includes money market accounts.

Banks, however, arent required to suspend these rules. Check with your bank to see if its allowing unlimited transactions on your savings account and money market account, and whether there are any fees for excessive withdrawals.

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What Is A Money Market Mutual Fund

Money market funds are fixed income mutual funds that invest in debt securities with short maturities and very low credit risk. They offer ultra-low volatility and extremely good liquidity and may invest in taxable or tax-exempt government securities.

Money market funds are open-ended funds, meaning they may sell unlimited shares to customers. The fund sells and redeems the shares at a price equivalent to the net asset value , which is calculated daily.

The managers of money market funds always aim to keep their NAV fixed at $1 per share using special pricing and valuation conventions. Some allow their NAV to float based on the current market value of the securities in their portfolios.

Us9499211269 Institutional Ownership And Shareholders

Institutional Ownership and Shareholders

Wells Fargo Government Money Market Fund has 20 institutional owners and shareholders that havefiled 13D/G or 13F forms with the Securities Exchange Commission .These institutions hold a total of 135,501,278 shares.Largest shareholders includeMAINSTAY VP FUNDS TRUST – MainStay VP MacKay Convertible Portfolio Initial Class, MAINSTAY VP FUNDS TRUST – MainStay VP IQ Hedge Multi-Strategy Portfolio Initial Class, MAINSTAY VP FUNDS TRUST – MainStay VP MacKay Small Cap Core Portfolio Initial Class, MAINSTAY VP FUNDS TRUST – MainStay VP Epoch U.S. Equity Yield Portfolio Initial Class, MAINSTAY VP FUNDS TRUST – MainStay VP Eagle Small Cap Growth Portfolio Initial Class, MAINSTAY VP FUNDS TRUST – MainStay VP Janus Henderson Balanced Portfolio Initial Class, MAINSTAY VP FUNDS TRUST – MainStay VP Emerging Markets Equity Portfolio Initial Class, MAINSTAY VP FUNDS TRUST – MainStay VP Mellon Natural Resources Portfolio Initial Class, MAINSTAY VP FUNDS TRUST – MainStay VP MacKay Unconstrained Bond Portfolio Initial Class, and MAINSTAY VP FUNDS TRUST – MainStay VP Large Cap Growth Portfolio Initial Class.

Ownership Accumulation Score

Update Frequency: Daily

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