Top 5 Wells Fargo Mutual Funds - Best of Fund Family

Wells Fargo is one of the four largest banks in the US and has a legacy spanning 150 years in the financial services sector. A highly diversified financial services company with operations spanning the globe, it manages over $1.2 trillion in assets. The company offers banking, insurance, investments and mortgage products through a large network of stores and other distribution channels. Wells Fargo ranked fourth in assets and second in market value of its stock among domestic peers for the year 2009.

Below we will share with you 5 top rated Wells Fargo mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all Wells Fargo funds, then click here.

Wells Fargo Advantage Global Opportunities A (EKGAX) invests the majority of its assets in small and mid-cap companies which are included in the S&P Global Small/Mid Cap index. The fund invests in at least three countries including the U.S. at any given time. The fund has returned 15.1% over the last one year period.

The Wells Fargo mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.72% compared to a category average of 1.52%.

Wells Fargo Advantage Specialized Technology A (WFSTX) seeks capital growth over the long term. The fund invests the majority of its assets in equity securities of companies in the technology domain. The fund may utilize up to half of its assets to purchase foreign securities. The fund has a five year annualized return of 7.24%.

Walter C. Price, Jr. is the fund manager and has managed this Wells Fargo mutual fund since 2000.

Wells Fargo Advantage Asia Pacific (SASPX) invests the majority of its assets in equity securities of companies located in the Asia Pacific region. It focuses on purchasing securities of companies which have the potential for superior earnings growth. The fund returned 12.51% in the last one year period.

The Wells Fargo mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.65% compared to a category average of 1.68%.

Wells Fargo Advantage Income Plus A (STYAX) seeks total return by investing the majority of its assets in income generating securities. Up to 35% of its assets are utilized to purchase in debt securities rated below investment grade. The fund has a three year annualized return of 8.58%.

As of September 2010, this Wells Fargo mutual fund held 214 issues, with 17.63% of its total assets invested in Wfa Money Market Trust Par 645.

Wells Fargo Advantage Precious Metals A (EKWAX) invests the majority of its precious metals securities. The fund invests without limit in foreign equity securities, including ADRs. Not more than 40% of its total assets are utilized to purchase emerging market securities. The fund has a ten year annualized return of 28.02%.

Michael P. Bradshaw is the fund manager and has managed this Wells Fargo mutual fund since 2007.

To view the Zacks Rank and past performance of all Wells Fargo mutual funds, then click here.

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.