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Zacks Investment Research

Top Wells Fargo Stock & Bond Funds

By Zacks Investment Research on September 9, 2009 | More Posts By Zacks Investment Research | Author's Website

Top Wells Fargo (WFC) Funds:

Wells Fargo Advantage Asia Pacific Inv (SASPX) seeks long-term capital appreciation by primarily investing in Asia Pacific Basin securities.

The fund focuses on issuers that have potential for above-average sales and earnings growth, overall financial strength, competitive advantages and capable management. It may hold some of its assets in cash or in money market instruments.

Shareholders have to make a minimum initial investment of $2,500 to enter this Zacks#1 Rank (”Strong Buy”) fund. It pays dividends and distributes net capital gains annually.

Wells Fargo Advantage Strategic Income A (SASAX) was incepted in November 2000. The investment seeks total return with a high level of current income and capital appreciation.

The fund invests normally at least 80% of assets in income-producing securities and up to 30% of assets in debt securities of foreign issuers. It may invest all of assets in below investment-grade debt securities.

Thomas M. Price has been lead manager at the fund since June 2004. The fund has outstripped total returns of its benchmark index in the last 1-, 3- and 5-year periods.

Wells Fargo Advantage Opportunity Inv (SOPFX) seeks long term capital appreciation. It has an expense ratio of 1.35%.

The fund invests principally in equity securities of medium-capitalization companies that are believed to be under-priced yet have attractive growth prospects. At the end of June, its portfolio turnover was 54%.

Health Management Associates Inc. (HMA), Transocean Inc. (RIG) and Praxair Inc. (PX) are among the fund’s key holdings.

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