WFATX: Wells Fargo Index Asset Allocation Instl

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WFATX Wells Fargo Index Asset Allocation Instl

  • Fund
  • WFATX
  • Price as of: Oct 18, 2019
  • $35.08 - $0.06 - 0.17%

WFATX - Profile

Vitals

  • YTD Return 13.9%
  • 3 Yr Annualized Return 8.8%
  • 5 Yr Annualized Return 7.9%
  • Net Assets $1.33 B
  • Holdings in Top 10 18.8%

52 WEEK LOW AND HIGH

$35.08
$29.48
$35.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 9.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 13.9%
  • 3 Yr Annualized Total Return 8.8%
  • 5 Yr Annualized Total Return 7.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.13%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Wells Fargo Index Asset Allocation Fund
  • Fund Family Name Wells Fargo Funds
  • Inception Date Oct 31, 2016
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Kandarp R. Acharya

Fund Description

The fund invests at least 80% of its net assets in equity and fixed income securities designed to replicate the holdings and weightings of the securities comprising the S&P 500 Index and Bloomberg Barclays U.S. Treasury Index. It seeks to achieve its investment objective by allocating up to 75% of its assets in equity securities and up to 55% of its assets in fixed income securities.

WFATX - Fund Company Quick Screens

WFATX - Performance

Return Ranking - Trailing

Period WFATX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.9% -38.7% 29.2% 17.55%
1 Yr 5.9% -95.4% 33.0% 14.49%
3 Yr 8.8%* -63.0% 25.2% 5.45%
5 Yr 7.9%* -45.7% 13.4% 3.25%
10 Yr 10.5%* -38.1% 15.4% 3.64%

* Annualized


Return Ranking - Calendar

Period WFATX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.4% -93.5% 19.0% 18.98%
2017 10.7% -44.7% 46.3% 11.65%
2016 N/A -84.5% 146.1% N/A
2015 N/A -40.7% 14.6% N/A
2014 N/A -35.0% 306.6% N/A

Total Return Ranking - Trailing

Period WFATX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.9% -38.7% 29.2% 17.75%
1 Yr 5.9% -26.5% 33.0% 24.32%
3 Yr 8.8%* -50.0% 25.2% 6.90%
5 Yr 7.9%* -40.3% 13.4% 3.63%
10 Yr 10.5%* -38.1% 15.4% 3.64%

* Annualized


Total Return Ranking - Calendar

Period WFATX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.4% -27.2% 19.0% 44.42%
2017 10.7% -44.7% 46.3% 41.55%
2016 N/A -84.5% 146.1% N/A
2015 N/A -36.9% 14.6% N/A
2014 N/A -35.0% 306.6% N/A

NAV & Total Return History

WFATX - Holdings

Concentration Analysis

WFATX Category Low Category High WFATX % Rank
Net Assets 1.33 B 595 K 150 B 28.13%
Number of Holdings 746 2 13619 14.21%
Net Assets in Top 10 218 M -206 M 29 B 39.46%
Weighting of Top 10 18.80% 9.0% 808.8% 86.48%

Top 10 Holdings

  1. US 10 Year Note (CBT) Dec19 6.46%

  2. Microsoft Corp 2.46%

  3. Apple Inc 2.13%

  4. Amazon.com Inc 1.71%

  5. S+p500 Emini Fut Sep19 Xcme 20190920 1.58%

  6. Facebook Inc A 1.04%

  7. Berkshire Hathaway Inc B 0.92%

  8. Alphabet Inc Class C 0.85%

  9. Alphabet Inc A 0.83%

  10. JPMorgan Chase & Co 0.83%


Asset Allocation

Weighting Return Low Return High WFATX % Rank
Stocks
55.16% -41.01% 85.51% 35.09%
Bonds
43.89% -35.77% 80.79% 44.63%
Cash
0.87% -46.53% 72.58% 82.70%
Other
0.08% -36.58% 100.69% 36.68%
Preferred Stocks
0.00% 0.00% 49.94% 80.12%
Convertible Bonds
0.00% 0.00% 84.63% 88.47%

Stock Sector Breakdown

Weighting Return Low Return High WFATX % Rank
Technology
13.27% -18.03% 25.15% 19.07%
Financial Services
8.90% -7.21% 29.64% 33.40%
Healthcare
7.83% -6.04% 21.65% 23.61%
Consumer Cyclical
6.77% -10.48% 41.19% 22.30%
Industrials
5.81% -2.39% 24.11% 30.68%
Consumer Defense
4.60% -4.20% 11.56% 26.24%
Energy
2.51% -2.02% 67.98% 48.23%
Utilities
1.97% -2.30% 56.62% 35.42%
Communication Services
1.89% -6.69% 6.14% 32.90%
Real Estate
1.85% -8.18% 50.99% 45.31%
Basic Materials
1.34% -1.69% 15.06% 51.36%

Stock Geographic Breakdown

Weighting Return Low Return High WFATX % Rank
US
54.61% -41.02% 95.72% 20.18%
Non US
0.55% -71.32% 29.49% 85.98%

Bond Sector Breakdown

Weighting Return Low Return High WFATX % Rank
Government
43.88% -149.28% 80.79% 3.08%
Cash & Equivalents
0.87% -46.36% 335.52% 82.80%
Derivative
0.00% -84.86% 22.55% 49.70%
Securitized
0.00% 0.00% 45.59% 88.47%
Corporate
0.00% -8.79% 89.89% 96.82%
Municipal
0.00% 0.00% 58.02% 73.96%

Bond Geographic Breakdown

Weighting Return Low Return High WFATX % Rank
US
43.89% -36.43% 358.36% 37.77%
Non US
0.00% -302.38% 19.59% 93.34%

WFATX - Expenses

Operational Fees

WFATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.00% 18.45% 67.98%
Management Fee 0.61% 0.00% 2.00% 62.89%
12b-1 Fee 0.00% 0.00% 1.00% 9.91%
Administrative Fee N/A 0.00% 0.83% N/A

Sales Fees

WFATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

WFATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% 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.

WFATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.00% 0.00% 1225.00% 10.76%

WFATX - Distributions

Dividend Yield Analysis

WFATX Category Low Category High WFATX % Rank
Dividend Yield 0.62% 0.00% 11.55% 51.79%

Dividend Distribution Analysis

WFATX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

WFATX Category Low Category High WFATX % Rank
Net Income Ratio 1.13% -4.09% 6.65% 72.12%

Capital Gain Distribution Analysis

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

WFATX - Managers

Kandarp R. Acharya

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2013

6.0

6.0%

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 L. Chan

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2013

6.0

6.0%

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 N. Bocray

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2016

2.75

2.8%

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.


Tenure Analysis

Category Low

0.0

Category High

35.77

Category Average

6.83

Category Mode

7.37