With over $1.4 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 265,000 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 PA Tax-Free A ( EKVAX - MF report ) seeks tax free current income. It invests heavily in municipal instruments. The interest from these instruments is exempted from federal alternative minimum tax and Pennsylvania individual income tax. The fund has a one year annualized return of 8.23%.

Mathew Kiselak is the fund manager and he has managed this Wells Fargo mutual fund since 2008.

Wells Fargo Advantage Small Cap Value A ( SMVAX - MF report ) invests the majority of its assets in small-cap companies whose market capitalizations are similar to those included in the Russell 2500 Index. A maximum of 30% of its assets may be invested in foreign equity securities. The fund has a one year annualized return of 8.91%.

The Wells Fargo mutual fund has an expense ratio of 1.30% compared to a category average of 1.32%.

Wells Fargo Advantage C&B Mid Cap Value A ( CBMAX - MF report ) seeks high total return over the long term. The fund invests the majority of its assets in equity securities of mid-cap companies. It maintains a portfolio of 30 to 50 firms that results in sufficient diversification and behavior which differs from that of the market. The fund has a one year annualized return of 19.45%.

R. O’Neil is the fund manager and has managed this Wells Fargo mutual fund since 1998.

Wells Fargo Advantage CA Tax-Free A ( SCTAX - MF report ) invests heavily in municipal instruments. The interest from these instruments is exempt from federal alternative minimum tax and California individual income tax. A maximum of 10% of its assets may be utilized to purchase municipal instruments rated below investment grade. The fund has a one year annualized return of 9.80%.

As of December 2012, this Wells Fargo mutual fund held 302 issues, with 3.52% of its total assets invested in California St Go Bds 6%.

Wells Fargo Advantage Global Opportunities A ( EKGAX - MF report ) seeks capital growth over the long term. The fund invests the majority of its assets in small and mid-cap companies which are included in the S&P Global Small/Mid Cap index. The fund has a one year annualized return of 22.11%.

The Wells Fargo mutual fund has an expense ratio of 1.54% compared to a category average of 1.37%.

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.