Back to top

Buy Wells Fargo Advantage Funds Today: Top 4 Picks

Read MoreHide Full Article

Wells Fargo Advantage Funds managed more than $476 billion of assets as of Mar 31, 2019 from diverse mutual fund categories. The fund family includes domestic and foreign funds to money market funds, asset allocation funds and fixed-income funds.

The Wells Fargo Fund family claims that it offers “funds in every key category, each guided by professional investment teams that have been chosen because of their proven, time-tested strategies.” The team also helps investors to clarify investment ideas and identifies their “risk tolerance.”

Additionally, the owner of the Wells Fargo Advantage Funds brand, Wells Fargo, is one of the top four banks in the United States and has been maintaining its standard in the financial services sector for more than 150 years. It is a highly diversified financial services company with operations limited not only to the domestic market.

Below we share with you four top-ranked Wells Fargo Advantage Funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all Wells Fargo Advantage Funds, investors can click here to see the complete list of funds.

Wells Fargo Precious Metals Fund (EKWDX - Free Report) seeks capital growth over a long period of time. The fund invests the majority of its assets in companies that are involved in the business of precious metals. These companies could be engaged in the exploration, mining, development, processing and/or dealing of precious metals. EKWDX has returned 43.4% on a year-to-date basis.

EKWDX has an expense ratio of 0.95% compared with the category average of 1.39%.

Wells Fargo Utility and Telecommunications Fund (EVUDX - Free Report) seeks total return. The fund invests the majority of its assets in common, preferred and convertible preferred stocks of utility and telecommunications companies etc. EVUDX is a non-diversified fund. The fund has returned 22.1% on a year-to-date basis.

As of July 2019, EVUDX held 33 issues with 10.63% of its assets invested in Visa Inc Class A.

Wells Fargo Special Mid Cap Value Fund - Class R6 (WFPRX - Free Report) aims for capital growth. The fund invests the majority of its assets in equity securities of medium capitalization companies. These companies usually have market capitalizations similar to those on the Russell Midcap Index at the time of purchase. WFPRX has returned 22.4% on a year-to-date basis.

WFPRX has an expense ratio of 0.73% compared with the category average of 1.11%.

Wells Fargo Discovery Fund - Class R6 (WFDRX - Free Report) seeks capital appreciation. The fund invests the majority of its assets in equity securities of small- and medium-capitalization companies. It invests about a quarter of its assets in equity securities of foreign issuers through ADRs and other such investments. WFDRX has returned 36.1% on a year-to-date basis.

Michael T. Smith is one of the fund managers of WFDRX since 2011.

To view the Zacks Rank and past performance of all Wells Fargo Advantage Funds, investors can click here to see the complete list of funds.

Want key mutual fund info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>

 

Published in