Top 5 Zacks #1 Ranked Wells Fargo Mutual Funds

With over $1.3 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 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 Strategic Large Cap Growth A ( ) invests the majority of its assets in equity securities issued by large cap companies. Not more than 20% of its assets may be utilized to purchase ADRs so that it can invest in foreign equity securities. The fund has a three year annualized return of 20.25%.

The Wells Fargo mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.07% compared to a category average of 1.27%.

Wells Fargo Advantage Growth Balanced A ( WFGBX - MF report ) seeks both current income and capital growth. This is a gateway fund which utilizes a multi-style investment strategy which reduces both the price and volatility of returns and provides more consistent returns. The fund has a three year annualized return of 16.17%.

Jeffrey Mellas is the fund manager and he has managed this Wells Fargo mutual fund since 2003.

Wells Fargo Advantage Endeavor Select A ( STAEX - MF report ) invests a large share of its assets in around 30 to 40 companies which have the ability to provide above-average growth. The fund focuses on acquiring equity securities regardless of the size of the issuing company. The fund has a three year annualized return of 19.51%.

As of March 2012, this Wells Fargo mutual fund held 41 issues, with 9.94% of its total assets invested in Apple, Inc.

Wells Fargo Advantage Diversified International A ( SILAX - MF report ) 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 13.04%.

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 1.30%.

Wells Fargo Advantage Enterprise A ( SENAX - MF report ) utilizes a large share of its assets to purchase equity securities issued by mid-cap companies. A maximum of 25% of its assets are invest in foreign equity securities through ADRs or similar instruments. The fund has a three year annualized return of 22.94%.

Thomas Pence is the fund manager and he has managed this Wells Fargo mutual fund since 2000.

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.