| Scorecard |
|---|
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5 / 5 Stars
|
|
Lipper
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Zacks Investment Research
4
(Sell)
|
|
Standard & Poor's
3 / 5 Stars
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TheStreet.com
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U.S. News evaluated 49 Ultrashort Bond 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 1.14 percent over the past year, 1.84 percent over the past three years, 2.23 percent over the past five years, and 2.75 percent over the past decade.
| Trailing Returns | Updated 05.31.2013 |
|---|---|
| Year to date | 0.3% |
| 1 Year | 1.1% |
| 3 Years (Annualized) | 1.8% |
| 5 Years (Annualized) | 2.2% |
| 10 Years (Annualized) | 2.8% |
Summary
The investment seeks current income consistent with capital preservation. The fund normally invests at least 80% of its net assets in mortgage-backed and asset-backed securities issued or guaranteed by U.S. government agencies or government-sponsored entities, that have interest rates that reset at periodic intervals; and up to 20% of the fund's total assets in obligations that pay fixed interest rates. It invests principally in mortgage-backed securities (including collateralized mortgage obligations (CMOs)) and asset-backed securities issued or guaranteed by U.S. government agencies or government-sponsored entities.
Fees
Fees are Average compared to funds in the same category.
Wells Fargo Advantage Adjustable Rate Government Fund has an expense ratio of 0.60 percent.
Risk
Risk is Average compared to funds in the same category according to Morningstar.
