Wells Fargo (NYSE:WFC) Advantage Funds managed more than $495 billion of assets as of Jun 30, 2019, 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 that have been chosen because of their proven, time-tested strategies.”
Additionally, the owner of the Wells Fargo Advantage Funds brand, Wells Fargo, is one of the top four banks in the United States which 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 not limited to the domestic market.
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 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 Utility and Telecommunications A EVUAX invests heavily in common and preferred stocks and investment-grade debt securities of utilities and telecom service providers. EVUAX also invests around 35% of its assets in convertible debentures of utilities and telecom companies.EVUAX has year-to-date returns of 25%.
As of August 2019, EVUAX held 33 issues with 10.50% of its assets invested in Visa Inc (NYSE:V) Class A.
Wells Fargo International Bond Fund - Class R6 ESIRX aims for total return. The fund invests majority of its assets in foreign debt securities. These may comprise obligations of governments, corporate bodies or supranational agencies, spread across a range of currencies. ESIRX has returned 6.6% in the year-to-date period.
Michael W. Lee has been one of the fund managers of ESIRX since 1993.
Wells Fargo Special Mid Cap Value Fund - Class R6 WFPRX aims for capital growth. The fund invests 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 25.5% on a year-to-date basis.
WFPRX has an expense ratio of 0.73% compared with the category average of 1.10%.
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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Zacks Investment Research