• FirefoxTry Yahoo Finance on Firefox »
  •  Dow Down1.60% Nasdaq Down0.39%

    Wells Fargo Core Bond A (MBFAX)

    13.19 Up 0.01(0.08%) Feb 11

    Profile as of Jan 30, 2016Get Profile for:
    Wells Fargo Core Bond A
    Wells Fargo Funds Trust525 Market Street, 12th FloorSan Francisco CA 94163
    Phone: 800-222-8222
    Fund Overview 
    Category:Intermediate-Term Bond
    Fund Family:Wells Fargo Funds
    Net Assets:3.34B
    Year-to-Date Return:1.28%
    Morningstar Rating:3 stars
    Fund Inception Date:Oct 31, 2001
    Morningstar Style Box 
    Intermediate-Term Bond
    [View Category Definition]
    View Top Intermediate-Term Bond Funds
    About the Morningstar Style Box
    Management Information 
    Thomas O'Connor
    Lead Manager since Jan 1, 2003
    Thomas O’Connor is senior portfolio manager and co-head for the Montgomery Fixed Income team at Wells Capital Management. Prior to joining the firm in 2000, Tom was a senior portfolio manager in charge of Agency mortgages at Vanderbilt Capital Advisors (formerly ARM Capital Advisors). Earlier, Tom was a senior trader of Agency mortgages in both a proprietary and market-making role at the Union Bank of Switzerland. He was also a senior trader at First Boston and Smith Barney. Tom has been in the investment industry since 1988. He earned a bachelor’s degree in business administration from the University of Vermont and has earned the right to use the CFA designation.
    Investment Information 
    Min Initial Investment:1,000
    Min Initial Investment, IRA:250
    Min Initial Investment, AIP:1,000
    Min Subsequent Investment:100
    Min Subsequent Investment, IRA:100
    Min Subsequent Investment, AIP:50
    MBFAX can be purchased from 116 brokerages.

    Fund Summary 
    The investment seeks total return, consisting of income and capital appreciation. The fund normally invests at least 80% of its net assets in bonds; at least 80% of the fund's total assets in investment-grade debt securities; up to 25% of its total assets in asset-backed securities, other than mortgage-backed securities; and up to 20% of the fund's total assets in U.S. dollar-denominated debt securities of foreign issuers. The advisor expects to maintain an overall portfolio dollar-weighted average effective duration that is within 10% of that of the fund's benchmark.

    Fund Operations 
    Last Dividend (Jan 28, 2016) : 0.02
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Feb 9, 2016) : 586.00%
    Average for Category:155.38%
    Fees & Expenses 
    ExpenseMBFAXCategory Avg
    Annual Report Expense Ratio (net):0.78%0.82%
    Prospectus Net Expense Ratio:0.78%N/A
    Prospectus Gross Expense Ratio:0.85%N/A
    Max 12b1 Fee:0.00%N/A
    Max Front End Sales Load:4.50%4.02%
    Max Deferred Sales Load: N/A1.91%
    3 Yr Expense Projection*:702363
    5 Yr Expense Projection*:894585
    10 Yr Expense Projection*:1,4461,206
    * Per $10,000 invested