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Guide to Wells Fargo Discovery Fund (WFDAX)

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Wells Fargo Discovery Fund (WFDAX - Free Report) a Zacks Rank #1 (Strong Buy) seeks long-term capital appreciation. WFDAX normally invests a large portion of its net assets in equity securities of small- and medium-capitalization companies; and up to 25% of the fund's total assets in equity securities of foreign issuers through ADRs and similar investments.

This All Cap Growth fund, as of the last filing, allocates their fund in three major groups; Large Growth, Small Growth and Large Value. Further, as of the last filing, WASTE CONNECTIONS INC NEW, TAKE TWO INTERACTIVE SOFT and BRINK’S were the top holdings for WFDAX.

The Wells Fargo Discovery fund, managed by Wells Fargo, carries an expense ratio of 1.2%. Moreover, WFDAXrequires a minimal initial investment of $1,000.

WFDAXhas a history of positive total returns for over 10 years.  Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 23.4%,  3 year 7.4% and 5 year 10.9%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here

WFDAX’s performance, as of the last filing, when compared to funds in its category was in the top 16% in 1 year.

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