Wells Fargo (NYSE:WFC) Precious Metals C Fund EKWCXseeks long-term capital growth and protection of purchasing power of capital. EKWCXinvests at least 80% of its assets in common stocks of companies that are engaged in, or which receive at least 50% of their revenue from other companies engaged in exploration, mining, processing or dealing in gold or other precious metals and minerals.
This Sector - Precious Metal producthas a history of positive total returns for over 10 years. Specifically, the fund’s return over the 3 year benchmark is 1.4%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
The Wells Fargo Precious Metals C fund, as of the last filing, allocates their fund in top two major groups; Precious Metal and Intermediate Bond. Further, as of the last filing, Randgold Resources (LON:RRS) Ltd, Newmont Mining Corp (NYSE:NEM) and Agnico Eagle Mines Ltd were the top holdings for EKWCX.
This Zacks Rank #2 (Buy) was incepted in January 1978 and is managed by Wells Fargo. EKWCX carries an expense ratio of 1.84% and requires a minimal initial investment of $1,000.
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 >>
View All Zacks #1 Ranked Mutual Funds
Get Your Free (EKWCX): Fund Analysis Report
Original post