Wells Fargo Asset Management has received a total of eight
Lipper Fund Awards, as announced last night at the fund research
and analysis organization’s annual awards dinner in New York. The
Lipper Fund Awards showcase funds that demonstrate consistently
strong risk-adjusted returns relative to their peers.
The Wells Fargo Diversified Capital Builder Fund and the Wells
Fargo Diversified Income Builder Fund, managed by Margie
Patel, took top honors for their performance during both the
three- and five-year periods, winning a combined total of four
awards. Ms. Patel manages $1.8 billion (as of December 31, 2016) in
mutual funds and institutional portfolios allocated across both
fixed-income and equity securities.
Three of the five Wells Fargo Funds recognized are multiyear
Lipper Fund Award winners, including the Wells Fargo Strategic
Municipal Bond Fund, which received its fourth consecutive
performance award, as well as the Wells Fargo Index Asset
Allocation Fund for its win in the three-year category for the
third consecutive year and the five-year category for the second
consecutive year.
“The Lipper Fund Awards are a reflection of the firm’s
commitment to the consistency of our fund performance throughout
different market environments,” said Kirk Hartman, global
chief investment officer of Wells Fargo Asset Management. “They
also demonstrate our dedication to offering clients a
broad range of investment capabilities, strong risk management
processes, and a disciplined operating approach to help them
reach their financial objectives.”
The following Wells Fargo Funds received 2017 Lipper Fund Awards
based on data as of November 30, 2016.
Fund/class Lipper classification
Winner years (3, 5, or 10) Portfolio
managers Wells Fargo Diversified Capital Builder
Fund–Institutional Mixed-Asset Target Allocation Growth Funds
3-year period (out of 453 funds)
Margie Patel Wells Fargo
Diversified Capital Builder Fund–Institutional Mixed-Asset Target
Allocation Growth Funds 5-year period (out of 400 funds)
Margie
Patel Wells Fargo Diversified Income Builder Fund–Institutional
Mixed-Asset Target Allocation Conservative Funds 3-year period (out
of 321 funds)
Margie Patel Wells Fargo Diversified Income
Builder Fund–Institutional Mixed-Asset Target Allocation
Conservative Funds 5-year period (out of 275 funds)
Margie
Patel Wells Fargo Index Asset Allocation Fund–Administrator
Mixed-Asset Target Allocation Moderate Funds 3-year period (out of
511 funds)
Christian L. Chan, CFA, and
Kandarp R.
Acharya, CFA, FRM Wells Fargo Index Asset Allocation
Fund–Administrator Mixed-Asset Target Allocation Moderate Funds
5-year period (out of 437 funds)
Christian L. Chan, CFA, and
Kandarp R. Acharya, CFA, FRM Wells Fargo Strategic Municipal
Bond Fund–Administrator Short/Intermediate Municipal Debt Funds
5-year period (out of 54 funds)
Lyle J. Fitterer, CFA, CPA;
Wendy Casetta; and
Robert J. Miller Wells Fargo Short
Duration Government Bond Fund–Institutional Short U.S. Government
Funds 10-year period (out of 56 funds)
Thomas O'Connor, CFA,
and
Troy Ludgood
About the Lipper Fund Awards
The Lipper Fund Awards recognize funds in more than 23 countries
in Asia, Europe, the Middle East and North Africa, and the
Americas. Lipper designates award-winning funds in most individual
classifications for 3-, 5-, and 10-year periods. In addition, the
Lipper Fund Awards program spotlights fund families with high
average scores for the thee-year time period. Past performance
is no guarantee of future results.
About Wells Fargo Funds
Balanced funds may invest in stocks and bonds. Stock fund values
fluctuate in response to the activities of individual companies and
general market and economic conditions. Bond values fluctuate in
response to the financial condition of individual issuers, general
market and economic conditions, and changes in interest rates.
Changes in market conditions and government policies may lead to
periods of heightened volatility in the bond market and reduced
liquidity for certain bonds held by the fund. In general, when
interest rates rise, bond values fall and investors may lose
principal value. Interest-rate changes and their impact on the fund
and its share price can be sudden and unpredictable. This fund is
exposed to foreign investment risk, high-yield securities risk, and
smaller-company securities risk. Consult a fund's prospectus for
additional information on these and other risks.
For municipal income funds: A portion of the fund’s income may
be subject to federal, state, and/or local income taxes or the
Alternative Minimum Tax (AMT). Any capital gains distributions may
be taxable.
About Wells Fargo Asset Management
Wells Fargo Asset Management, a division of Wells Fargo Wealth
and Investment Management, strives to help clients achieve their
financial goals through top-tier investment options managed by
specialized investment teams that are supported by independent risk
management and backed by superior, collaborative service. With more
than $482 billion in assets under management,* Wells Fargo Asset
Management has 29 autonomous investment teams with specialized
expertise and proven processes; more than 500 investment
professionals; and a global reach with offices and clients around
the world.
Wells Fargo Asset Management (WFAM) is a trade name used by the
asset management businesses of Wells Fargo & Company. Wells
Fargo Funds Management, LLC, a wholly owned subsidiary of Wells
Fargo & Company, provides investment advisory and
administrative services for Wells Fargo Funds. Other affiliates of
Wells Fargo & Company provide subadvisory and other services
for the funds. This material is prepared by Wells Fargo Funds
Distributor, LLC, Member FINRA, an affiliate of Wells Fargo
& Company. Neither Wells Fargo Funds Management nor Wells Fargo
Funds Distributor has fund customer accounts/assets, and neither
provides investment advice/recommendations or acts as an investment
advice fiduciary to any investor.
Carefully consider a fund's investment objectives, risks,
charges, and expenses before investing. For a current prospectus
and, if available, a summary prospectus, containing this and other
information, visit wellsfargofunds.com. Read it carefully before
investing.
About Wells Fargo
Wells Fargo & Company (NYSE:WFC) is a diversified,
community-based financial services company with $1.9 trillion in
assets. Founded in 1852 and headquartered in San Francisco, Wells
Fargo provides banking, insurance, investments, mortgage, and
consumer and commercial finance through more than 8,600 locations,
13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and
has offices in 42 countries and territories to support customers
who conduct business in the global economy. With approximately
269,000 team members, Wells Fargo serves one in three households in
the United States. Wells Fargo & Company was ranked No. 27 on
Fortune’s 2016 rankings of America’s largest corporations. Wells
Fargo’s vision is to satisfy our customers’ financial needs and
help them succeed financially. News, insights and perspectives from
Wells Fargo are also available at Wells Fargo Stories.
* As of December 31, 2016
302640 3-17
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
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Wells Fargo & CompanyShareholder
inquiries1-800-359-3379orMedia contact:John Roehm,
415-222-5338john.o.roehm@wellsfargo.com
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