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ESABX Wells Fargo Adjustable Rate Govt B

  • Fund
  • ESABX
  • Price as of: Dec 05, 2016
  • $9.01
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

ESABX - Profile

Vitals

  • YTD Return -0.3%
  • 3 Yr Annualized Return -0.5%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $910 M
  • Holdings in Top 10 9.2%

52 WEEK LOW AND HIGH

$9.01
$9.00
$9.06

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.53%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.50%

BROKERAGE FEES

  • Turnover 13.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2009-06-30

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Ultrashort Bond

Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.22%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Wells Fargo Adjustable Rate Government Fund
  • Fund Family Name Wells Fargo Funds
  • Inception Date Jun 30, 2000
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Christopher Y. Kauffman

ESABX - Performance

Return Ranking - Trailing

Period ESABX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.3% -11.3% 201.5% 58.53% 5
1 Yr -0.5% -12.6% 13.8% 91.29% 5
3 Yr -0.5% * -5.9% 8.2% 93.33% 5
5 Yr -0.2% * -3.1% 13.6% 92.97% 5
10 Yr 0.9% * -2.2% 9.5% 92.28% 5

* Annualized


Return Ranking - Calendar

Period ESABX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.1% -33.0% 3.0% 12.54% 2
2014 -0.1% -9.3% 14.9% 38.53% 4
2013 -0.4% -24.1% 40.4% 10.56% 1
2012 1.0% -100.0% 18.7% 53.04% 4
2011 0.0% -20.6% 15.5% 37.28% 3

Total Return Ranking - Trailing

Period ESABX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.3% -9.9% 204.3% 65.65% 5
1 Yr -2.0% -12.6% 16.3% 87.86% 5
3 Yr -1.0% * -7.2% 8.2% 94.27% 5
5 Yr -0.2% * -3.9% 13.6% 93.69% 5
10 Yr 0.9% * -2.2% 9.5% 93.10% 5

* Annualized


Total Return Ranking - Calendar

Period ESABX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.1% -32.5% 4.5% 31.22% 3
2014 -0.1% -8.3% 16.8% 58.38% 4
2013 -0.4% -12.9% 58.5% 22.97% 2
2012 1.0% -100.0% 35.2% 67.14% 5
2011 0.0% -20.7% 18.1% 54.83% 4

NAV & Total Return History

ESABX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

ESABX Category Low Category High ESABX % Rank Quintile
Net Assets 910 M 319 K 176 B 14.95% 3
Number of Holdings 850 1 17569 7.02% 2
Net Assets in Top 10 87.1 M -36 B 36.7 B 17.75% 3
Weighting of Top 10 9.2% 0.0% 1167.9% 31.08% 5

Top 10 Holdings

  1. FNMA CMO 1.34%
  2. FNMA CMO 1.04%
  3. FHLMC CMO 1.02%
  4. FHLMC FRN 1.00%
  5. FNMA CMO 0.87%
  6. FHLMC FRN 0.82%
  7. FNMA FRN 0.81%
  8. FNMA CMO 0.80%
  9. FNMA FRN 0.78%
  10. FNMA FRN 0.76%

Asset Allocation

Weighting Category Low Category High ESABX % Rank Quintile
Bonds
94.59% -175.98% 1241.14% 13.33% 3
Cash
5.41% -1141.94% 275.92% 14.14% 3
Other
0.00% -30.13% 98.36% 13.94% 5
Convertible Bonds
0.00% 0.00% 12.73% 5.85% 5
Preferred Stocks
0.00% -0.45% 17.66% 7.63% 5
Stocks
0.00% -3.27% 98.55% 5.90% 5

Bond Sector Breakdown

Weighting Category Low Category High ESABX % Rank Quintile
Securitized
94.59% 0.00% 105.84% 0.31% 1
Cash & Equivalents
5.41% -1141.94% 416.01% 14.24% 2
Derivative
0.00% -513.07% 38.63% 2.59% 4
Corporate
0.00% 0.00% 221.70% 31.99% 5
Municipal
0.00% 0.00% 98.41% 13.78% 5
Government
0.00% -389.49% 1167.69% 29.50% 5

Bond Geographic Breakdown

Weighting Category Low Category High ESABX % Rank Quintile
US
94.59% -370.09% 982.00% 3.41% 1
Non US
0.00% -45.82% 351.70% 30.01% 5

ESABX - Expenses

Operational Fees

ESABX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.53% 0.00% 42.51% 6.92% 4
Management Fee 0.34% 0.00% 2.15% 3.20% 2
12b-1 Fee 0.75% 0.00% 1.00% 0.79% 4
Administrative Fee 0.16% 0.00% 0.63% 1.48% 4

Sales Fees

ESABX Fees (% of AUM) Category Low Category High ESABX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load 1.50% 0.15% 5.50% 2.23% 4

Trading Fees

ESABX Fees (% of AUM) Category Low Category High ESABX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ESABX Fees (% of AUM) Category Low Category High ESABX Rank Quintile
Turnover 13.00% 0.00% 1856.00% 16.79% 1

ESABX - Distributions

Dividend Yield Analysis

ESABX Category Low Category High ESABX % Rank Quintile
Dividend Yield 0.0% 0.00% 1.30% 33.12% 5

Dividend Distribution Analysis

ESABX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

ESABX Category Low Category High ESABX % Rank Quintile
Net Income Ratio -0.22% -1.76% 17.13% 24.48% 5

Capital Gain Distribution Analysis

ESABX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

ESABX - Managers

Christopher Y. Kauffman

Manager

Start Date

Sep 05, 2008

Tenure

8.24

Tenure Rank

4.5%

Christopher Kauffman is a senior portfolio manager for the Wells Capital Management Customized Fixed Income team. He joined WellsCap from Tattersall Advisory Group (TAG), where he served in a similar role since 2003. He began his investment industry career in 1997 as an investment officer for NISA Investment Advisors, where he was responsible for MBS analysis, risk assessment, and trading. He earned a bachelor’s degree in finance and economics and a master’s degree in business administration with an emphasis in finance from Washington University in St. Louis. He has earned the right to use the CFA designation and is a member of the St. Louis Society of Financial Analysts and the CFA Institute.


Michal Stanczyk

Manager

Start Date

Feb 17, 2015

Tenure

1.79

Tenure Rank

9.2%

Mr. Stanczyk joined Wells Capital Management or one of its predecessor firms in 2007, where he currently serves as a Portfolio Manager in the Fixed Income team. He was a Research Analyst prior to becoming a Portfolio Manager in 2015.


Tenure Analysis

Category Low

0.0

Category High

27.9

Category Average

6.12

Category Mode

1.9