REPORT OF INDEPENDENT
REGISTERED PUBLIC
ACCOUNTING FIRM

To the Shareholders and the Board of
Trustees of
Wildermuth Fund

In planning and performing our audit of
the financial statements of Wildermuth
Fund (the Fund), as of and for the year
ended December 31, 2021, in
accordance with the standards of the
Public Company Accounting Oversight
Board (United States) (PCAOB), we
considered the Fund s internal control
over financial reporting, including
controls over safeguarding securities, as
a basis for designing our auditing
procedures for the purpose of
expressing our opinion on the financial
statements and to comply with the
requirements of Form N-CEN, but not
for the purpose of expressing an opinion
on the effectiveness of the Fund s
internal control over financial reporting.
Accordingly, we express no such
opinion.

Management of the Fund is responsible
for establishing and maintaining
effective internal control over financial
reporting. In fulfilling this responsibility,
estimates and judgments by
management are required to assess the
expected benefits and related costs of
controls. A company s internal control
over financial reporting is a process
designed to provide reasonable
assurance regarding the reliability of
financial reporting and the preparation of
financial statements for external
purposes in accordance with generally
accepted accounting principles (GAAP).
A company s internal control over
financial reporting includes those
policies and procedures that (1) pertain
to the maintenance of records that, in
reasonable detail, accurately and fairly
reflect the transactions and dispositions
of the assets of the company; (2)
provide reasonable assurance that
transactions are recorded as necessary
to permit preparation of financial
statements in accordance with GAAP,
and that receipts and expenditures of
the company are being made only in
accordance with authorizations of
management and directors of the
company; and (3) provide reasonable
assurance regarding prevention or
timely detection of unauthorized
acquisition, use or disposition of a
company s assets that could have a
material effect on the financial
statements.

Because of inherent limitations, internal
control over financial reporting may not
prevent or detect misstatements. Also,
projections of any evaluation of
effectiveness to future periods are
subject to the risk that controls may
become inadequate because of
changes in conditions, or that the
degree of compliance with the policies
or procedures may deteriorate.

A deficiency in internal control over
financial reporting exists when the
design or operation of a control does not
allow management or employees, in the
normal course of performing their
assigned functions, to prevent or detect
misstatements on a timely basis.  A
material weakness is a deficiency, or
combination of deficiencies, in internal
control over financial reporting such that
there is a reasonable possibility that a
material misstatement of the Company s
annual or interim financial statement will
not be prevented or detected on a timely
basis.

Our consideration of the Fund s internal
control over financial reporting was for
the limited purpose described in the first
paragraph and would not necessarily
identify all deficiencies in internal control
that might be material weaknesses
under standards established by the
PCAOB. However, we noted no
deficiencies in the Fund s internal
control over financial reporting and its
operation, including controls over
safeguarding securities, that we
consider to be material weakness as
defined above as of December 31,
2021.

This report is intended solely for the
information and use of management and
the Board of Trustees of Wildermuth
Fund and the Securities and Exchange
Commission and is not intended to be
and should not be used by anyone other
than these specified parties.

/s/ WithumSmith+Brown, PC

Orlando, FL
March 3, 2022