IPBAX: Wells Fargo Real Return A

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IPBAX Wells Fargo Real Return A


Profile

IPBAX - Profile

Vitals

  • YTD Return 4.8%
  • 3 Yr Annualized Return 2.1%
  • 5 Yr Annualized Return 1.9%
  • Net Assets $60.8 M
  • Holdings in Top 10 31.9%

52 WEEK LOW AND HIGH

$10.61
$9.17
$10.74

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.43%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification


Distributions

  • YTD Total Return 4.8%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.79%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Wells Fargo Real Return Fund
  • Fund Family Name
    Wells Fargo Funds
  • Inception Date
    Feb 28, 2003
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jay Mueller

Fund Description

The fund normally invests at least 80% of its total assets in debt securities; at least 65% of the fund's total assets in inflation-indexed debt securities; up to 20% of its total assets in below investment-grade debt securities; up to 15% of the fund's total assets in debt securities of foreign-issuers; and up to 20% of its total assets in equity securities. The fund is a feeder fund that invests substantially all of its assets in a master portfolio with a substantially identical investment objective and substantially similar investment strategies.


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Categories

Fund Company Quick Screens

IPBAX - Fund Company Quick Screens


Performance

IPBAX - Performance

Return Ranking - Trailing

Period IPBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.8% -31.9% 954.9% 26.23%
1 Yr 4.7% -28.2% 948.2% 21.44%
3 Yr 2.1%* -18.4% 120.9% 24.15%
5 Yr 1.9%* -9.1% 60.6% 11.54%
10 Yr 0.0%* -5.2% 14.4% 74.89%

* Annualized

Return Ranking - Calendar

Period IPBAX Return Category Return Low Category Return High Rank in Category (%)
2019 7.5% -5.8% 20.3% 7.76%
2018 -6.4% -29.6% 4.6% 94.66%
2017 2.0% -6.0% 15.8% 23.13%
2016 4.1% -7.8% 15.0% 2.84%
2015 -2.7% -11.6% 3.0% 75.22%

Total Return Ranking - Trailing

Period IPBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.8% -31.9% 954.9% 26.23%
1 Yr 4.7% -28.2% 948.2% 21.20%
3 Yr 2.2%* -18.4% 120.9% 25.28%
5 Yr 2.3%* -9.1% 60.6% 16.09%
10 Yr 1.2%* -5.2% 16.1% 22.03%

* Annualized

Total Return Ranking - Calendar

Period IPBAX Return Category Return Low Category Return High Rank in Category (%)
2019 7.5% -5.8% 20.3% 7.76%
2018 -6.0% -29.6% 4.6% 95.42%
2017 2.0% -6.0% 15.8% 32.76%
2016 4.3% -7.8% 15.0% 5.57%
2015 -1.1% -9.9% 3.0% 59.91%

NAV & Total Return History


Holdings

IPBAX - Holdings

Concentration Analysis

IPBAX Category Low Category High IPBAX % Rank
Net Assets 60.8 M 619 K 88.4 B 90.58%
Number of Holdings 253 1 10083 58.50%
Net Assets in Top 10 12.9 M -202 M 26.9 B 89.38%
Weighting of Top 10 31.91% 2.6% 100.0% 25.48%

Top 10 Holdings

  1. 5 Year Treasury Note Future Sept 20 4.91%
  2. United States Treasury Notes 0.38% 4.01%
  3. United States Treasury Notes 0.62% 3.57%
  4. United States Treasury Notes 0.12% 3.35%
  5. United States Treasury Notes 0.38% 2.94%
  6. United States Treasury Notes 0.25% 2.91%
  7. United States Treasury Bonds 2.38% 2.82%
  8. United States Treasury Notes 0.62% 2.60%
  9. Wells Fargo Government MMkt Select 2.41%
  10. United States Treasury Notes 0.12% 2.39%

Asset Allocation

Weighting Return Low Return High IPBAX % Rank
Bonds
82.73% 78.92% 199.79% 97.98%
Stocks
13.79% -4.99% 21.62% 0.83%
Cash
3.48% -128.23% 19.68% 40.21%
Preferred Stocks
0.00% -0.17% 22.02% 30.51%
Other
0.00% -9.30% 31.94% 24.08%
Convertible Bonds
0.00% 0.00% 9.45% 53.86%

Stock Sector Breakdown

Weighting Return Low Return High IPBAX % Rank
Real Estate
35.18% 0.00% 100.00% 5.88%
Consumer Defense
29.64% 0.00% 29.64% 0.37%
Basic Materials
27.20% 0.00% 100.00% 2.57%
Energy
6.89% 0.00% 100.00% 25.74%
Consumer Cyclical
1.09% 0.00% 100.00% 31.99%
Utilities
0.00% 0.00% 100.00% 48.53%
Technology
0.00% 0.00% 25.86% 36.40%
Industrials
0.00% 0.00% 100.00% 44.12%
Healthcare
0.00% 0.00% 78.72% 43.38%
Financial Services
0.00% 0.00% 100.00% 60.29%
Communication Services
0.00% 0.00% 100.00% 44.49%

Stock Geographic Breakdown

Weighting Return Low Return High IPBAX % Rank
US
11.21% -3.06% 17.12% 0.46%
Non US
2.58% -8.93% 4.50% 0.87%

Bond Sector Breakdown

Weighting Return Low Return High IPBAX % Rank
Government
76.53% -2.21% 99.96% 4.37%
Corporate
19.69% 0.00% 99.00% 44.53%
Cash & Equivalents
3.69% -26.49% 93.17% 42.88%
Derivative
0.05% 0.00% 39.43% 14.52%
Securitized
0.04% 0.00% 97.53% 52.16%
Municipal
0.00% 0.00% 100.06% 83.27%

Bond Geographic Breakdown

Weighting Return Low Return High IPBAX % Rank
US
81.46% 49.78% 199.79% 81.66%
Non US
1.27% -12.10% 39.65% 67.78%

Expenses

IPBAX - Expenses

Operational Fees

IPBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.43% 0.01% 34.57% 20.51%
Management Fee 0.45% 0.00% 1.60% 69.34%
12b-1 Fee 0.00% 0.00% 1.00% 3.52%
Administrative Fee 0.05% 0.00% 0.50% 16.69%

Sales Fees

IPBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.50% 5.75% 12.20%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

IPBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

IPBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 0.00% 496.90% 30.80%

Distributions

IPBAX - Distributions

Dividend Yield Analysis

IPBAX Category Low Category High IPBAX % Rank
Dividend Yield 0.00% 0.00% 3.89% 21.51%

Dividend Distribution Analysis

IPBAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

IPBAX Category Low Category High IPBAX % Rank
Net Income Ratio 1.79% -0.81% 6.02% 83.86%

Capital Gain Distribution Analysis

IPBAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

IPBAX - Fund Manager Analysis

Managers

Jay Mueller


Start Date

Tenure

Tenure Rank

Apr 30, 2005

15.35

15.4%

Jay Mueller is a senior portfolio manager for the Wells Capital Management Multi Sector Fixed Income – Plus team. Jay joined WFAM 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.

Michael Bradshaw


Start Date

Tenure

Tenure Rank

Dec 01, 2014

5.75

5.8%

Michael Bradshaw is a managing director and senior portfolio manager with the Precious Metals team at Wells Capital Management .He joined Wells Capital Management from Evergreen Investments, where he served in a similar role since 2006. Earlier, he served as a vice president and senior analyst with Pioneer Investment Management. Michael began his investment industry career in 1995 as a research associate with CIBC Wood Gundy Securities Inc. He earned a bachelor’s degree in geology from the University of Western Ontario and a master’s degree in business administration with an emphasis in finance from the University of Toronto. Michael has earned the right to use the CFA designation and is a member of the Boston Security Analysts Society and the Toronto Society of Financial Analysts.

Kandarp Acharya


Start Date

Tenure

Tenure Rank

Dec 01, 2014

5.75

5.8%

Mr. Acharya joined Wells Capital Management in 2013, where he currently serves as a Senior Portfolio Manager. Prior to joining Wells Capital Management, Mr. Acharya led the Advanced Analytics and Quantitative Research Group at Wells Fargo Wealth Management, where he also led the development and implementation of quantitative tactical allocation models as a member of the firm’s Asset Allocation Committee.

Christian Chan


Start Date

Tenure

Tenure Rank

Dec 01, 2014

5.75

5.8%

Mr. Chan joined Wells Capital Management in 2013, where he currently serves as a Senior Portfolio Manager. Prior to joining Wells Capital Management, Mr. Chan was a Portfolio Manager at Wells Fargo Funds Management, LLC, where he managed several of the firm's asset allocation mutual funds and also served as the firm's Head of Investments. Chan has served as a member of Wells Fargo Funds Management's asset allocation team and investment team since 2002. Previously, he served as a director in the Investments Department at mPower Advisors, LLC from 1999 to 2001. Chan holds the Chartered Financial Analyst designation.

Petros Bocray


Start Date

Tenure

Tenure Rank

Oct 01, 2016

3.92

3.9%

Mr. Bocray is a portfolio manager on the Quantitative Strategies team at Wells Capital All Portfolios Management. In this role, Mr. Bocray serves as co-manager on several of the team's portfolios and conducts research supporting the quantitative models and investment strategies. Prior to joining the team in March 2006, Mr. Bocray worked as a portfolio manager for the Wells Fargo Wealth Management Group, where he managed private client accounts with a focus on portfolio construction and asset allocation. Education: Bachelor of Economics, College of Charleston, Charleston, South Carolina.

Garth Newport


Start Date

Tenure

Tenure Rank

Mar 01, 2019

1.5

1.5%

Garth Newport is an co-portfolio manager on the PMV Equity team at Wells Fargo Asset Management (WFAM), which he joined in 2007. Prior to his current role, Garth was a senior research analyst for Aristotle Ventures Inc., and before that, he was an intern for WFAM in 2006. He began his investment industry career in 2005 as an investments intern for Sentry Insurance. He has a bachelor’s degree in business administration and economics from the University of Wisconsin-Stevens Point. He is a member of CFA Institute and the CFA Society of Milwaukee, Inc. and has earned the right to use the CFA designation.

Michael Schueller


Start Date

Tenure

Tenure Rank

Jan 15, 2020

0.63

0.6%

Mike Schueller is a portfolio manager and research analyst for the Wells Fargo Asset Management (WFAM) Multi Sector Fixed Income – Plus team. Mike joined Wells WFAM as a senior investment research analyst from Strong Capital Management where he held a similar position. He rejoined Strong in 2000, having left the firm to start a trust department for Community Bank & Trust in Sheboygan, WI. Mike first joined Strong in 1998 as associate counsel in the legal department. For the three years previous to this, he practiced law with Reinhart, Boerner, Van Deuren, Norris & Rieselbach, S.C. in Milwaukee, WI, specializing in corporate reorganizations, mergers and acquisitions. He earned a bachelor’s degree in economics from the University of Minnesota and a law degree from the University of Wisconsin, Madison. Mike has earned the right to use the CFA designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 33.3 7.05 0.17