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SGVDX Wells Fargo Government Securities A

  • Fund
  • SGVDX
  • Price as of: Aug 08, 2016
  • $11.50
  • - $0.00
  • - 0.00%
  • Category
  • Government Bonds

SGVDX - Profile

Vitals

  • YTD Return 3.4%
  • 3 Yr Annualized Return 3.3%
  • 5 Yr Annualized Return 2.6%
  • Net Assets $1.25 B
  • Holdings in Top 10 30.9%

52 WEEK LOW AND HIGH

$11.50
$11.10
$11.59

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.87%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 349.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Government Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Government

Distributions

  • YTD Total Return 3.4%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.59%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Wells Fargo Government Securities Fund
  • Fund Family Name Wells Fargo Funds
  • Inception Date Aug 31, 1999
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Christopher Y. Kauffman

SGVDX - Performance

Return Ranking - Trailing

Period SGVDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.4% -10.6% 21.8% 12.06% 1
1 Yr 4.2% -5.9% 26.2% 20.74% 2
3 Yr 3.3% * -2.2% 18.2% 23.28% 2
5 Yr 2.6% * -1.6% 16.1% 26.67% 2
10 Yr 4.3% * 0.1% 10.0% 26.75% 2

* Annualized


Return Ranking - Calendar

Period SGVDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.0% -51.0% 2.4% 19.22% 2
2014 N/A 0.0% 3.8% N/A N/A
2013 N/A -4.5% -4.5% N/A N/A
2012 N/A -1.4% -1.4% N/A N/A
2011 N/A 3.1% 3.1% N/A N/A

Total Return Ranking - Trailing

Period SGVDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.4% -10.6% 21.8% 12.18% 1
1 Yr -0.5% -8.4% 26.2% 74.07% 4
3 Yr 1.7% * -3.0% 18.2% 56.32% 3
5 Yr 1.7% * -1.8% 16.1% 51.01% 3
10 Yr 3.9% * 0.1% 10.0% 42.04% 3

* Annualized


Total Return Ranking - Calendar

Period SGVDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.0% -51.0% 2.4% 19.05% 2
2014 N/A 3.8% 3.8% N/A N/A
2013 N/A -4.4% -4.4% N/A N/A
2012 N/A -0.4% -0.4% N/A N/A
2011 N/A 4.4% 4.4% N/A N/A

NAV & Total Return History

SGVDX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

SGVDX Category Low Category High SGVDX % Rank Quintile
Net Assets 1.25 B 1.08 M 26.9 B 8.15% 2
Number of Holdings 449 7 18919 9.63% 2
Net Assets in Top 10 404 M -6.56 M 13.6 B 8.40% 2
Weighting of Top 10 30.9% 0.0% 147.5% 26.17% 4

Top 10 Holdings

  1. US Treasury Note 1.5% 4.45%
  2. Us 5yr Note (Cbt) Sep16 Xcbt 20160930 4.26%
  3. US Treasury Bond 2.875% 4.00%
  4. FNMA 3.20%
  5. FNMA 3.19%
  6. US Treasury Note 2% 3.12%
  7. Us 2yr Note (Cbt) Sep16 Xcbt 20160930 2.50%
  8. Ginnie Mae Jumbos TBA 3.5% 2046-07-01 2.49%
  9. FNMA 3% 2.08%
  10. Ginnie Mae Jumbos TBA 3% 2046-07-01 1.57%

Asset Allocation

Weighting Category Low Category High SGVDX % Rank Quintile
Bonds
76.81% 0.00% 159.24% 30.12% 5
Cash
23.19% -59.71% 100.12% 4.69% 1
Other
0.00% -1.43% 6.46% 9.63% 3
Convertible Bonds
0.00% 0.00% 0.02% 0.49% 1
Preferred Stocks
0.00% 0.00% 0.64% 1.23% 1
Stocks
0.00% 0.00% 15.23% 1.98% 2

Bond Sector Breakdown

Weighting Category Low Category High SGVDX % Rank Quintile
Securitized
52.92% 0.00% 149.40% 15.56% 3
Cash & Equivalents
23.19% -59.71% 100.12% 4.69% 1
Government
22.13% -24.63% 106.10% 22.96% 4
Corporate
1.01% 0.00% 76.92% 9.63% 2
Municipal
0.75% 0.00% 17.61% 4.20% 1
Derivative
0.00% -33.10% 1.46% 0.49% 1

Bond Geographic Breakdown

Weighting Category Low Category High SGVDX % Rank Quintile
US
76.33% 0.00% 159.24% 28.40% 5
Non US
0.48% 0.00% 87.73% 10.37% 2

SGVDX - Expenses

Operational Fees

SGVDX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.87% 0.06% 17.30% 26.91% 3
Management Fee 0.43% 0.00% 1.50% 5.68% 3
12b-1 Fee 0.00% 0.00% 1.00% 11.24% 1
Administrative Fee 0.16% 0.00% 0.40% 3.48% 5

Sales Fees

SGVDX Fees (% of AUM) Category Low Category High SGVDX Rank Quintile
Front Load 4.50% 0.40% 5.75% 4.29% 4
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

SGVDX Fees (% of AUM) Category Low Category High SGVDX 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.

SGVDX Fees (% of AUM) Category Low Category High SGVDX Rank Quintile
Turnover 349.00% 0.00% 1609.00% 6.70% 4

SGVDX - Distributions

Dividend Yield Analysis

SGVDX Category Low Category High SGVDX % Rank Quintile
Dividend Yield 0.1% 0.00% 3.47% 41.88% 4

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

SGVDX Category Low Category High SGVDX % Rank Quintile
Net Income Ratio 0.59% -3.48% 3.64% 39.75% 4

Capital Gain Distribution Analysis

SGVDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

SGVDX - Managers

Christopher Y. Kauffman

Manager

Start Date

Oct 01, 2010

Tenure

5.84

Tenure Rank

9.9%

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.


Jay N. Mueller

Manager

Start Date

Feb 17, 2015

Tenure

1.45

Tenure Rank

17.7%

Jay Mueller is a senior portfolio manager for the Wells Capital Management Customized Fixed Income team. Jay joined Wells Capital Management in 2005 from Strong Capital Management where he held the role of director of fixed income. Jay had joined Strong Capital Management in 1991 as the portfolio manager of the Strong Money Market and Strong Heritage Money Funds. Prior to Strong, he was a portfolio manager and security analyst at R. Meeder & Associates. Jay began his investment industry career in 1982 at Harris Bancorp as an investment analyst. Throughout his career, he has managed equity derivatives, bond portfolios, money market funds, international cash portfolios, municipal portfolios and index funds. He served as Strong’s economist from early 2000 until 2005, making him an articulate spokesman on the economy and interest rates. He also authored a quarterly newsletter, the Quarterly View, on current topics affecting the economy while at Strong. Jay earned a bachelor's degree in economics from the University of Chicago. He has earned the right to use the CFA designation.


Ashok Bhatia

Manager

Start Date

Jun 19, 2015

Tenure

1.12

Tenure Rank

18.4%

Ashok was most recently a Partner at Stark Investments where he served as Co-Head of the Global Macro, Fixed Income, Emerging Markets and Commodities Strategies. Prior to joining Stark in 2004, Ashok was a Senior Portfolio Manager at Strong Capital Management where he managed several of their top-performing fixed income mutual funds and their government bond/mortgage institutional accounts. Ashok also had responsibility for helping set the firm’s macroeconomic strategies. Previously, Ashok worked for Morgan Stanley and LaSalle Advisors, focusing on commercial and residential mortgage backed securities trading. He earned his Bachelor of Arts, magna cum laude, from the University of Michigan (1993) and Master of Business Administration, with honors, from the University of Chicago (1999). “Mr. Bhatia joined Wells Capital Management or one of its predecessor firms in 2015, where he currently serves as co-lead of Wells Capital Management’s Customized Fixed Income team and a Senior Portfolio Manager. Prior to joining Wells Capital Management, Mr. Bhatia served as a lead global macro portfolio manager with Balyasny Asset Management from 2011 to 2015 and with Stark Investments from 2010 to 2011.”


Tenure Analysis

Category Low

0.0

Category High

30.6

Category Average

6.23

Category Mode

1.6