2 / 5 Stars
3 4 4 2 3
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#22 in World Allocation
U.S. News evaluated 129 World Allocation Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 6.38 percent over the past year, 6.45 percent over the past three years, 11.13 percent over the past five years, and 5.93 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-2.1%|
|3 Years (Annualized)||6.5%|
|5 Years (Annualized)||11.1%|
|10 Years (Annualized)||5.9%|
The investment seeks long-term total return, consisting of capital appreciation and current income. The fund invests at least 15% of the fund's assets in fixed income securities and at least 25% of the fund's assets in equity securities. It invests all of its investable assets in Asset Allocation Trust ("AAT"), an investment company managed by Grantham, Mayo, Van Otterloo & Co. LLC ("GMO"). AAT, in turn, invests its assets in GMO-managed mutual funds and may be exposed to foreign and U.S. equity investments, U.S. and foreign fixed income securities, and, from time to time, other alternative asset classes.
Fees are Below Average compared to funds in the same category.
Wells Fargo Advantage Asset Allocation Fund has an expense ratio of 0.84 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.