WGSDX: Wells Fargo Government Securities Admin

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WGSDX Wells Fargo Government Securities Admin


Profile

WGSDX - Profile

Vitals

  • YTD Return 1.7%
  • 3 Yr Annualized Return 1.4%
  • 5 Yr Annualized Return 0.1%
  • Net Assets $605 M
  • Holdings in Top 10 32.2%

52 WEEK LOW AND HIGH

$11.30
$10.69
$11.34

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.85%

SALES FEES

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

BROKERAGE FEES

  • Turnover 178.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.42%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Wells Fargo Government Securities Fund
  • Fund Family Name
    Wells Fargo Funds
  • Inception Date
    Apr 08, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Christopher Kauffman

Fund Description

The fund invests at least 80% of its net assets in U.S. government obligations and repurchase agreements collateralized by U.S. government obligations; and up to 20% of the fund's net assets in non-government investment-grade debt securities. It invests principally in U.S. government obligations, including debt securities issued or guaranteed by the U.S. Treasury, U.S. government agencies or government-sponsored entities.


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Categories

Fund Company Quick Screens

WGSDX - Fund Company Quick Screens


Performance

WGSDX - Performance

Return Ranking - Trailing

Period WGSDX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -0.1% 2.8% 30.69%
1 Yr 5.3% 0.1% 7.5% 35.32%
3 Yr 1.4%* -1.0% 3.4% 18.24%
5 Yr 0.1%* -1.6% 2.5% 32.47%
10 Yr 0.5%* -2.1% 3.5% 15.67%

* Annualized

Return Ranking - Calendar

Period WGSDX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% -0.4% 4.9% 36.50%
2018 -1.7% -3.4% -0.7% 34.57%
2017 0.5% -2.3% 0.9% 8.93%
2016 -2.5% -3.3% 1.4% 96.84%
2015 -0.9% -4.5% 0.2% 9.93%

Total Return Ranking - Trailing

Period WGSDX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -0.1% 2.8% 30.69%
1 Yr 5.3% 0.2% 7.5% 34.83%
3 Yr 1.4%* -0.9% 3.5% 27.65%
5 Yr 0.1%* -1.6% 2.7% 57.79%
10 Yr 0.5%* -2.1% 3.5% 56.72%

* Annualized

Total Return Ranking - Calendar

Period WGSDX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% -0.2% 4.9% 40.50%
2018 -1.7% -3.4% 3.0% 50.53%
2017 0.5% -2.0% 2.8% 26.79%
2016 -2.5% -3.3% 1.5% 96.84%
2015 -0.9% -4.5% 2.0% 30.46%

NAV & Total Return History


Holdings

WGSDX - Holdings

Concentration Analysis

WGSDX Category Low Category High WGSDX % Rank
Net Assets 605 M 1.43 M 24.7 B 59.41%
Number of Holdings 370 2 15659 58.42%
Net Assets in Top 10 162 M 0 6.43 B 55.94%
Weighting of Top 10 32.18% 0.0% 100.0% 50.27%

Top 10 Holdings

  1. 2 Year Treasury Note Future Mar20 7.67%
  2. 5 Year Treasury Note Future Mar20 5.30%
  3. US Treasury Bond Future Mar20 3.60%
  4. Federal National Mortgage Association 3% 3.27%
  5. Federal Home Loan Mortgage Corporation 4.5% 2.28%
  6. United States Treasury Bonds 4.25% 2.10%
  7. Federal National Mortgage Association 3% 2.10%
  8. Federal National Mortgage Association 4% 2.07%
  9. Fnma Pass-Thru I 3.5% 1.93%
  10. Government National Mortgage Association 3.5% 1.86%

Asset Allocation

Weighting Return Low Return High WGSDX % Rank
Bonds
96.79% 0.00% 141.12% 48.51%
Cash
3.21% -43.12% 100.00% 50.50%
Stocks
0.00% 0.00% 13.41% 52.48%
Preferred Stocks
0.00% 0.00% 0.01% 51.49%
Other
0.00% -37.46% 19.19% 54.46%
Convertible Bonds
0.00% 0.00% 0.25% 52.48%

Bond Sector Breakdown

Weighting Return Low Return High WGSDX % Rank
Securitized
58.94% 0.00% 118.57% 48.02%
Government
36.64% 0.00% 100.00% 44.06%
Cash & Equivalents
3.03% -28.81% 100.00% 66.83%
Municipal
1.39% 0.00% 14.98% 6.44%
Derivative
0.00% -0.01% 10.53% 58.42%
Corporate
0.00% 0.00% 4.75% 68.32%

Bond Geographic Breakdown

Weighting Return Low Return High WGSDX % Rank
US
96.35% 0.00% 139.33% 55.45%
Non US
0.44% 0.00% 4.73% 21.78%

Expenses

WGSDX - Expenses

Operational Fees

WGSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.03% 3.79% 47.76%
Management Fee 0.44% 0.00% 0.85% 63.86%
12b-1 Fee 0.00% 0.00% 1.00% 4.50%
Administrative Fee N/A 0.01% 0.45% 66.41%

Sales Fees

WGSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

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

WGSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 178.00% 0.00% 1482.00% 68.45%

Distributions

WGSDX - Distributions

Dividend Yield Analysis

WGSDX Category Low Category High WGSDX % Rank
Dividend Yield 0.40% 0.00% 2.63% 45.05%

Dividend Distribution Analysis

WGSDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

WGSDX Category Low Category High WGSDX % Rank
Net Income Ratio 2.42% 0.34% 3.03% 25.25%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

WGSDX - Fund Manager Analysis

Managers

Christopher Kauffman


Start Date

Tenure

Tenure Rank

Oct 01, 2010

9.34

9.3%

Christopher Kauffman is a senior portfolio manager for the Wells Fargo Asset Management (WFAM) Multi Sector Fixed Income – Plus team. He joined WFAM 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 CFA Institute.

Jay Mueller


Start Date

Tenure

Tenure Rank

Feb 17, 2015

4.96

5.0%

Jay Mueller is a senior portfolio manager for the Wells Fargo Asset Management (WFAM) 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.

Michal Stanczyk


Start Date

Tenure

Tenure Rank

May 23, 2017

2.69

2.7%

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 Category High Category Average Category Mode
0.27 29.3 8.09 5.02