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 Index A (WFILX) seeks to mimic the total rate of return of the S&P 500, before fees and expenses. The fund invests nearly all of its assets in a wide range of equity securities which are selected to mimic the weightage of stocks that make up the index. The fund has a three year annualized return of 13.04%.
Brad Ursillo is the fund manager and he has managed this Wells Fargo mutual fund since 2011.
Wells Fargo Advantage Large Cap Core A (EGOAX) invests the majority of its assets in equity securities issued by large cap companies. The market capitalization of these companies must be identical to those included in the S&P 500. The fund has a three year annualized return of 11.85%.
As of July 2012, this Wells Fargo mutual fund held 51 issues, with 2.65% of its total assets invested in Apple, Inc.
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 3.97%.
The Wells Fargo mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.41% compared to a category average of 1.29%.
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 11.11%.
Margaret D. Patel is the fund manager and she has managed this Wells Fargo mutual fund since 2007.
Wells Fargo Advantage Asia Pacific (SASPX) seeks capital growth over the long term.The fund invests a large share of its assets in equity securities of companies located in the Asia Pacific region. It focuses on purchasing securities of companies which have the potential for superior earnings growth. The fund has a three year annualized return of 5.55%.
The Wells Fargo mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.65% compared to a category average of 1.54%.
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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