Wells Fargo is one of the four largest banks in the US and has a legacy spanning 150 years in the financial services sector. A highly diversified financial services company with operations spanning the globe, it manages over $1.3 trillion in assets. The company offers banking, insurance, investments and mortgage products through a large network of stores and other distribution channels. This wide and extensive financial network, spanning more than 80 businesses is run by a team consisting of 278,000 members.
Below we will share with you 5 top rated Wells Fargo mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all Wells Fargo funds, investors can click here to see the complete list of funds.
Wells Fargo Advantage Global Opportunities A (EKGAX) invests the majority of its assets in small and mid-cap companies which are included in the S&P Global Small/Mid Cap index. The fund invests in at least three countries including the U.S. at any given time. The fund has a three year annualized return of 9.94%.
The Wells Fargo mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.53% compared to a category average of 1.41%.
Wells Fargo Advantage Diversified International A (SILAX) seeks capital appreciation over the long term. Equity securities issued from abroad constitute the fund’s principal investments. Not more than 20% of its assets may be utilized to purchase emerging market equity securities. The fund has a three year annualized return of 4.15%.
Jeffrey Everett is the fund manager and she has managed this Wells Fargo mutual fund since 2012.
Wells Fargo Advantage Diversified Income Builder A (EKSAX) invests the majority of its assets in a wide range of domestic and foreign income generating instruments. The fund focuses on purchasing corporate debt securities rated below investment grade. Not more than 30% of its assets may be invested in equity. The fund has a three year annualized return of 10.32%.
As of October 2012, this Wells Fargo mutual fund held 98 issues, with 5.33% of its total assets invested in Nrg Engy 7.875%.
Wells Fargo Advantage Special Small Cap Value A (ESPAX) seeks long term capital growth. The fund invests a large share of its assets in small cap equity securities. The firms invested in must have market capitalizations similar to those included in the Russell 2000 Index. The fund has a three year annualized return of 11.89%.
The Wells Fargo mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.34% compared to a category average of 1.39%.
Wells Fargo Intrinsic Small Cap Value (SCOVX) invests heavily in equity securities of small-cap companies. These firms must have market capitalizations within the range of the Russell 2500 Index. The funds may utilize synthetic instruments to lower risk or provide higher returns. The fund has a three year annualized return of 11.73%.
Samir Sikka is the fund manager and he has managed this Wells Fargo mutual fund since 2010.
To view the Zacks Rank and past performance of all Wells Fargo mutual funds, investors can click here to see the complete list of funds.
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