Wells Fargo is one of the four largest banks in the US and has a legacy spanning 160 years in the financial services sector. A highly diversified financial services company with operations spanning the globe, it manages over $1.4 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 270,000 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 Diversified Capital Builder A (EKBAX) seeks capital growth and current income on a long-term basis. The fund invests 70% to 90% of its assets in equity and 10% to 30% in debt securities. The fund invests in equity securities of companies regardless of its market cap. A maximum of 30% of its assets are invested in junk bonds . The fund has a one year annualized return of 20.42%.
Margaret D. Patel is the fund manager and has managed this Wells Fargo mutual fund since 2007.
Wells Fargo Advantage Discovery (STDIX) invests the majority of its assets in small and medium cap companies. A maximum of 25% of its assets are invested in securities issued by foreign companies. The fund has a one year annualized return of 22.86%.
The Wells Fargo mutual fund has an expense ratio of 1.29% compared to a category average of 1.35%.
Wells Fargo Advantage Asia Pacific (SASPX) seeks capital growth on a long-term basis. The fund primarily invests in securities of those companies which are from the Asia Pacific region. Investments are focused on those companies which have the potential to perform more than its peers in terms of sales and profits. The fund has a one year annualized return of 18.28%.
Alison L.T. Shimada is the fund manager and he has managed this Wells Fargo mutual fund since 2012.
Wells Fargo Advantage Growth Balanced A (WFGBX) invests 65% of its assets in equity securities while the remainder is utilized to purchase fixed income securities. The fund focuses on investing in such a way that it receives steady returns while curbing the associated price volatility. The fund has a one year annualized return of 16.39%.
As of May 2013, this Wells Fargo mutual fund held 1,928 issues, with 14.85% of its total assets invested in S+p 500 Fortune Jun13 Xcme 20130620.
Wells Fargo Advantage Short Duration Government Bond A (MSDAX) seeks capital protection along with current income. The majority of its assets are invested in securities issued or backed by the U.S. government. The fund has a one year annualized return of 6.13%.
The Wells Fargo mutual fund has an expense ratio of 0.83% compared to a category average of 0.85%.
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.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.
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