Wells Fargo Core Bond A Fund (MBFAX - Free Report) a Zacks Rank #4 (Sell) was incepted in June 1997 and is managed by Wells Fargo Funds Management, LLC. MBFAX seeks total return consisting of both income and capital appreciation. MBFAX invests in a broad range of investment-grade debt securities, which include U.S. Government obligations, corporate bonds, mortgage and other asset-backed securities and money market instruments.
The Wells Fargo Core Bond A fund, managed by Wells Fargo, carries an expense ratio of 0.78%. Moreover, MBFAX requires a minimal initial investment of $1,000.
MBFAX’s performance, as of the last filing, when compared to funds in its category was in the top 51% over the past 1 year. To see how this fund performed compared in its category of #1 and #2 Ranked Mutual Funds, please click here.
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