Markets

Best Performing Wells Fargo Mutual Funds of Q1 2015 - Mutual Fund Commentary

Wells Fargo, one of the four largest banks in the US, has a legacy spanning 150 years in the financial services sector. This popular financial behemoth also manages over a trillion dollars of assets. Nonetheless, the first quarter 2015 was not about robust broad based gains, as the top performing fund stayed within a 10% return. However, Wells Fargo investors should not lose heart as the top funds were still able to beat the broader categories by decent margin. The yields for the top performers are also impressive.

Fund Family: Wells Fargo

A highly diversified financial services company with operations spanning the globe, it manages over $1.3 trillion in assets. The company offers banking, insurance, investments and mortgage products through a large network of stores and other distribution channels.

Mutual funds are offered via the Wells Fargo Advantage Funds brand name. 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.

The Wells Fargo fund family boasts that "Each fund is guided by a premier investment team chosen for its focused attention to a particular investment style. There's a fund to meet the investment goals and risk tolerance of almost any investment portfolio".

Also Read: Best Performing Fidelity Mutual Funds of Q1 2015

Top 15 Wells Fargo Funds in Q1 of 2015

Below we present the top 15 Wells Fargo funds with best returns in Q1 of 2015:

Note: The list excludes the same funds with different classes, and institutional funds have been excluded.

3-M % Rank vs Objective* equals the percentage the fund falls among its peers. Here, 1 being the best and 99 being the worst.

The first quarter returns are somewhat muted. While none of the funds could cross the 10% mark, the 15 th ranked fund could only manage a 3.5% return in Q1. However, as mentioned earlier, if we look at the top 5 funds, they have outperformed the broader category returns.

Among the small-cap category, small-cap growth funds had the best gains, returning 5.8% in Q1. Compared to that, Wells Fargo Advantage Emerging Growth A (WEMAX) has a total Q1 return of 9.1%. Also, the second best gainer Wells Fargo Advantage International Equity A (WFEAX) has returned 8.7% as compared to category return of 5.3%.

However, moving below the sixth-placed Wells Fargo Advantage Diversified International A (SILAX), the Q1 total return drops below 5%, suggesting the muted performance of the Wells Fargo funds. Funds thereafter have failed to beat the category returns.

In fact, only three of the funds from the top 15 performers currently carry a favorable Zacks Mutual Fund Rank. Wells Fargo Advantage International Equity A, Wells Fargo Advantage Asia Pacific A (WFAAX) and Wells Fargo Advantage Small Cap Opportunities Administrator (NVSOX) carry a Zacks Mutual Fund Rank #2 . So, investors looking to invest in Wells Fargo funds, should prioritize these three funds.

Watch out for our Mutual Fund Commentary section, where we are reporting on performances and best picks from fund families and varied categories.

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Get Your Free (WEMAX): Fund Analysis Report

Get Your Free (WFEAX): Fund Analysis Report

Get Your Free (SILAX): Fund Analysis Report

Get Your Free (WFAAX): Fund Analysis Report

Get Your Free (NVSOX): Fund Analysis Report

Get Your Free (WFDAX): Fund Analysis Report

Get Your Free (SGRAX): Fund Analysis Report

Get Your Free (EKGAX): Fund Analysis Report

Get Your Free (SCSAX): Fund Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

WFEAX NVSOX SILAX WFAAX WEMAX

Other Topics

Mutual Funds