​ Wells Fargo Advantage Going Live With 13 Basis Point Funds Monday. Wells Fargo is poised to launch two new low-​cost institutional funds on Monday, July 2. Wells Fargo Advantage Cash Investment Money Market Fund Select and Wells Fargo Advantage Heritage Money Market Select will both have expense ratios of 13 basis points (​0.​13%). Cash Investment will have a minimum of $​50 million; no minimum is listed for Heritage Select. In a growing response to demand from the high end of the money market, Wells joins a growing list of firms bringing out, or preparing to bring out, low-​expense institutional money funds.

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