Wells Fargo Advantage Absolute Return Fund

U.S. News evaluated 144 World Allocation Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 9.81 percent over the past year.

Trailing Returns Updated 04.30.2013
Year to date 5.4%
1 Year 9.8%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks a positive total return. The fund is a diversified investment that invests substantially all of its investable assets in the GMO Benchmark-Free Allocation Fund (the "Benchmark-Free Allocation Fund"), an investment company managed by Grantham, Mayo, Van Otterloo & Co. LLC ("GMO"). Benchmark-Free Allocation Fund is a fund of funds that invests primarily in shares of other GMO-managed mutual funds ("underlying funds").

Fees

Fees are Low compared to funds in the same category.
Wells Fargo Advantage Absolute Return Fund has an expense ratio of 0.78 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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