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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 Total Return Bond A (MBFAX - MF report) invests a large share of its assets in debt securities rated investment grade. Not more than 25% of its assets may be utilized to purchase investment grade debt securities. Up to 20% of its assets are invested in foreign debt securities denominated in dollars. The fund has a three year annualized return of 8.21%.
Thomas O'Connor is the fund manager and he has managed this Wells Fargo mutual fund since 2002.
Wells Fargo Advantage Income Plus A (STYAX - MF report) seeks total return by investing the majority of its assets in income generating securities. A maximum of 35% of its assets are utilized to purchase debt securities rated below investment grade. The fund has a three year annualized return of 8.84%.
The Wells Fargo mutual fund has a minimum initial investment of $1,000 and an expense ratio of 0.88% compared to a category average of 0.92%.
Wells Fargo Premier Large Company Growth A invests a large share of its assets in large-cap companies. The fund focuses on acquiring equity securities of large firms whose market capitalizations are within the range of the Russell 1000 Index. The fund has a three year annualized return of 18.18%.
As of May 2012, this Wells Fargo mutual fund held 86 issues, with 8.17% of its total assets invested in Apple, Inc.
Wells Fargo Advantage Growth A (SGRAX - MF report) seeks long term capital growth. Equity securities of with the potential for above average growth constitute the fund’s principal investments. The fund invests in companies regardless of their size and may utilize derivatives to manage risk. The fund has a three year annualized return of 25.4%.
Thomas Ognar is the fund manager and he has managed this Wells Fargo mutual fund since 2002.
Wells Fargo Advantage Inflation-Protected Bond A (IPBAX - MF report) utilizes the majority of its assets to purchase inflation-protected U.S. government securities. Not more than 20% of its assets may be invested in adjustable or variable rate debt securities. The fund has a three year annualized return of 9.08%.
The Wells Fargo mutual fund has a minimum initial investment of $1,000 and an expense ratio of 0.85% compared to a category average of 0.84%.
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.