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4 / 5 Stars
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Lipper
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Zacks Investment Research
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Standard & Poor's
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TheStreet.com
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U.S. News evaluated 54 Short Government Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
See all Wells Fargo Advantage funds
Performance
The fund has returned 1.47 percent over the past year, 2.34 percent over the past three years, 3.60 percent over the past five years, and 3.40 percent over the past decade.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 0.2% |
| 1 Year | 1.5% |
| 3 Years (Annualized) | 2.3% |
| 5 Years (Annualized) | 3.6% |
| 10 Years (Annualized) | 3.4% |
Summary
The investment seeks to provide current income consistent with capital preservation. The fund normally invests at least 80% of its net assets in U.S. government obligations and up to 20% of the fund's net assets in non-government mortgage- and asset-backed securities. While it may purchase securities of any maturity or duration, under normal circumstances, the advisor expects the portfolio's overall dollar-weighted average effective duration to be less than that of a 3-year U.S. Treasury note.
