Wells Fargo Advantage Funds managed more than $482 billion of assets as of Sep 30, 2018 from diverse mutual funds categories. The fund family manages a wide variety of mutual funds, from 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 who have been chosen because of their proven, time-tested strategies.” The team also helps investors to clarify their 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. In 2010, the Boards of Trustees of Wells Fargo Advantage Funds and Evergreen Funds had approved the merger of the fund families to create the new fund lineup under the Wells Fargo Advantage Funds brand.
Below we share with you three 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 Wells Fargo Advantage Funds.
Wells Fargo Premier Large Company Growth R6 (EKJFX – Free Report) invests a huge chunk of its assets in equity securities of large-cap companies and around one-fifth of its assets in equity securities of foreign companies. The fund invests mainly in those large-cap companies that are included on the Russell 1000 Index. Wells Fargo Premier Large Company Growth R6 has three-year annualized returns of 12.3%.
As of October 2018, EKJFX held 87 issues with 6.56% of its assets invested in Amazon.com Inc.
Wells Fargo CoreBuilder Shares Series M (WFCMX – Free Report) seeks maximization of returns through growth of income and capital. WFCMX invests more than 60% of its assets in municipal securities, which offer federal income tax exempted interest. Wells Fargo CoreBuilder Shares Series M has three-year annualized returns of 2.8%.
Lyle J. Fitterer is one of the fund managers of WFCMX since 2008.
Wells Fargo Municipal Bond A (WMFAX – Free Report) seeks income, which is free from federal income tax. WMFAX invests the major part of its assets in municipal securities that offer federal income tax-exempted income. The fund may invest around one-fifth of its assets in securities that are subjected to federal alternative minimum tax. Wells Fargo Municipal Bond A has three-year annualized returns of 2.5%.
WMFAXhas an expense ratio of 0.75% compared with the category average of 0.85%.
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.
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