3 / 5 Stars
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Zacks Investment Research
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 481 Large Blend Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Note: Profile written for different share class.
The fund has returned 20.62 percent over the past year and 13.48 percent over the past three years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||5.7%|
|3 Years (Annualized)||13.5%|
|5 Years (Annualized)||17.1%|
|10 Years (Annualized)||N/A|
Wells Fargo Intrinsic Value hasn't been around for long, but it's done a fine job throughout its short existence.
As of July 03, 2014, the fund has assets totaling almost $1.24 billion invested in 46 different holdings. Its portfolio consists primarily of shares of large-cap companies.
Since launching in 2006, this fund has built an impressive track record. Notably, as of the end of the first quarter, its trailing three-year returns landed it in the top 11 percent of Morningstar's large-blend category. Lately, the fund been heavy toward the top of its portfolio with technology companies. As of the end of January, IBM and Oracle were among the fund's top holdings. Meanwhile, some of the fund's financial picks have rebounded recently. The Spanish bank Banco Santander, which has been caught in the shadow of the European debt crisis, has returned upwards of 12 percent as of the end of the first quarter. Banco Santander hardly represents the fund's only exposure to Europe; as of the end of October, it had 11 percent of its portfolio invested there. By comparison, the average among Morningstar's large value funds was under 5 percent. Despite that hefty exposure, the fund put together a solid performance through March. The fund has returned 20.62 percent over the past year and 13.48 percent over the past three years.
According to the fund's prospectus: "We utilize a long-term focus that is intended to take advantage of investment opportunities presented by what we believe are short-term price anomalies in high-quality stocks. We seek to identify companies with established operating histories, financial strength and management expertise, among other factors. We seek stocks that are trading at a discount to what we believe are their intrinsic values. Fundamental research is performed to identify securities for the portfolio with one or more catalysts present that we believe will unlock the intrinsic value of the securities."
Role in Portfolio
This fund could lend support to a well-balanced portfolio.
The fund is advised by Wells Fargo and subadvised by Metropolitan West. It is run by a team of four portfolio managers.
Wells Fargo Advantage Intrinsic Value Fund has an expense ratio of 1.91 percent.
Like all stock funds, this one comes with some risks.