Top 5 Zacks #1 Ranked Wells Fargo 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 Special Small Cap Value A ( ESPAX - MF report ) seeks long term capital growth. The fund invests a large share of its assets in small cap equity securities. The firms invested in must have market capitalizations similar to those included in the Russell 2000 Index. The fund has a three year annualized return of 10.74%.

James Tringas is the fund manager and he has managed this Wells Fargo mutual fund since 2002.

Wells Fargo Advantage Opportunity A ( SOPVX - MF report ) invests the majority of its assets in equity securities. A maximum of 25% of its assets are utilized to purchase foreign equity securities. The fund focuses on investing in companies whose market capitalizations are similar to those included in the Russell Midcap Index. The fund has a three year annualized return of 9.49%.

The Wells Fargo mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.25% compared to a category average of 1.27%.

Wells Fargo Advantage Specialized Technology A ( WFSTX - MF report ) seeks capital growth over the long term. The fund invests the majority of its assets in equity securities of companies in the technology domain. The fund may utilize up to half of its assets to purchase foreign securities. The fund has a three year annualized return of 13.3%.

Walter C. Price, Jr. is the fund manager and has managed this Wells Fargo mutual fund since 2000.

Wells Fargo Advantage Growth Balanced A ( WFGBX - MF report ) 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 three year annualized return of 10.02%.

As of September 2012, this Wells Fargo mutual fund held 2740 issues, with 15.34% of its total assets invested in S+p 500 Index Futures Dec12 Xiom.

Wells Fargo Advantage High Income A ( SHBAX - MF report ) seeks both capital growth and current income. The fund invests the majority of its assets in debt securities issued by companies which are rated below investment grade. The fund has a three year annualized return of 8.94%.

The Wells Fargo mutual fund has a minimum initial investment of $1,000 and an expense ratio of 0.90% compared to a category average of 1.12%.

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.