Zacks #1 Ranked Wells Fargo Mutual Funds

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With over $1.4 trillion in assets, Wells Fargo & Company is a highly diversified financial services company with operations spanning the globe. Wells Fargo is one of the four largest banks in the US and has a legacy spanning 150 years in the financial services sector. The company offers banking, insurance, investments and mortgage products through a network of 9,000 stores and other distribution channels. This wide and extensive financial network, spanning more than 80 businesses is run by a team consisting of 265,000 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 Pennsylvania Tax-Free A (EKVAX) seeks tax free current income. It invests heavily in municipal instruments. The interest from these instruments is exempted from federal alternative minimum tax and Pennsylvania individual income tax. The Wells Fargo fund has a one year annualized return of 1.02%.

Robert Miller is the fund manager and has managed this Wells Fargo mutual fund since 2009.

Wells Fargo Advantage California Tax-Free A (SCTAX) invests heavily in municipal instruments. The interest from these instruments is exempt from federal alternative minimum tax and California individual income tax. A maximum of 10% of its assets may be utilized to purchase municipal instruments rated below investment grade. The Wells Fargo fund has a one year annualized return of 2.04%.

The Wells Fargo mutual fund has an expense ratio of 0.75% compared to a category average of 0.89%.

Wells Fargo Advantage Colorado Tax-Free A (NWCOX) seeks high current income free from federal income taxes and Colorado individual income taxes. The fund invests heavily in municipal instruments. The interest from these instruments is exempt from federal alternative minimum tax and Colorado individual income tax. The Wells Fargo fund has a one year annualized return of 0.63%.

Adrian Van Poppel is the fund manager and he has managed this Wells Fargo mutual fund since 2006.

Wells Fargo Advantage C&B Mid Cap Value A (CBMAX) invests the majority of its assets in equity securities of mid-cap companies. It maintains a portfolio of 30 to 50 firms that results in sufficient diversification and behavior which differs from that of the market. The Wells Fargo fund has a one year annualized return of 28.64%.

As of June 2013, this Wells Fargo mutual fund held 46 issues, with 3.31% of its total assets invested in Western Union Company.

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 Wells Fargo fund has a one year annualized return of 18.28%.

The Wells Fargo mutual fund has an expense ratio of 1.65% compared to a category average of 1.52%.

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.

Read the analyst report on EKVAX

Read the analyst report on SCTAX

Read the analyst report on NWCOX

Read the analyst report on CBMAX

Read the analyst report on SAGSPC

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