Sponsored Links 
Top 5 Wells Fargo Mutual Funds
Print
ShareWells 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. Wells Fargo ranked fourth in assets and second in market value of its stock among domestic peers for the year 2009.
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, then click here.
Wells Fargo Advantage Large Company Value (SDVIX) seeks capital growth over the long term. The fund invests the majority of its assets in equity securities of companies in large cap companies. Not more than 25% of its assets are utilized to purchase foreign securities. The fund returned 14.75% in the last one year period.
The Wells Fargo mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.35% compared to a category average of 1.27%.
Wells Fargo Advantage Opportunity (SOPFX) invests a large share of its assets in equity securities. A maximum of 25% of its assets are invested in ADRs and similar instruments. The fund focuses on acquiring shares of mid-sized companies. The fund has a five year annualized return of 4.86%.
Ann M. Miletti is the fund manager and has managed this Wells Fargo mutual fund since 2001.
Wells Fargo Advantage Emerging Markets Equity A (EMGAX) seeks capital appreciation over the long term. The fund invests the majority of its assets in equity securities from emerging markets. These may include those issued from countries which are part of the MSCI Emerging Markets Index. It acquires securities without regard to the market cap of the issuer. The fund returned 19.75% in the last one year period.
As of July 2011, this Wells Fargo mutual fund held 118 issues, with 10.40% of its total assets invested in Wfa Cash Inv Mm Fund Par 3800.
Wells Fargo Advantage Growth Balanced A (WFGBX) invests in both fixed-income and equity securities. Under normal circumstances, 65% of its assets are invested in equity and 35% is invested in debt. The fund has a ten year annualized return of 3.16%.
The Wells Fargo mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.20% compared to a category average of 1.03%.
Wells Fargo Advantage Discovery (STDIX) seeks long term capital growth. Equity securities of small and mid-cap companies with the potential for above average growth constitute the fund’s major investments. The fund returned 30.05% in the last one year period
Thomas J. Pence is the fund manager and he has managed this Wells Fargo mutual fund since 2001.
To view the Zacks Rank and past performance of all Wells Fargo mutual funds, then click here.
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 full analyst report on SDVIX
Read the full analyst report on SOPFX
Read the full analyst report on EMGAX
Read the full analyst report on WFGBX
Read the full analyst report on STDIX
Loading Stories...
|
||||||||||||||||||
More Zacks Resources
More Zacks Links
| Market Summary | May 26, 2012 15:09 pm ET |
-74.92