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Wells Fargo Asset Management Wins 10 2019 Lipper Fund Awards

03/08/2019
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WFAM’s Multi-Asset Solutions Team a Big Winner

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Asset Management’s (WFAM’s) Multi-Asset Solutions team won 10 2019 Lipper Fund Awards for consistently strong risk-adjusted returns relative to the funds’ peers. Eight WFAM funds won the awards, which included recognition for 3-, 5- or 10-year performance. Lipper announced the winners last night at the fund research and analysis organization’s annual awards dinner in New York.

“Receiving 10 Lipper Fund Awards is a terrific honor and highlights our firm’s commitment to excellence and providing clients with a broad range of products that aim to achieve strong, consistent long-term performance,” said Kirk Hartman, co-CEO of WFAM. “Among the team’s many achievements, Senior Portfolio Manager Margie Patel received multiple Lipper Fund Awards for the third consecutive year. We are thrilled that her talent, experience and strong performance continue to be recognized.”

Three of the funds are consecutive multiyear Lipper Fund Award winners. These include the Wells Fargo Diversified Capital Builder Fund, managed by Margie Patel; the Wells Fargo Diversified Income Builder Fund, managed by Kandarp Acharya, CFA, FRM,® and Margie Patel; and the Wells Fargo Index Asset Allocation Fund, managed by Christian Chan, CFA; Kandarp Acharya; and Petros Bocray, CFA, FRM. The WFAM Multi-Asset Solutions team manages all of these funds.

“The philosophy and approach of the Multi-Asset Solutions team has made a difference in the performance of these funds,” said Nico Marais, co-CEO of WFAM. “The recognition of eight funds managed by the team is very exciting, especially as half of these funds are part of the Wells Fargo Dynamic Target Date Fund suite.”

Three years ago, WFAM launched 11 funds in its Dynamic Target Date Fund suite, which is specifically designed for the Defined Contribution Investment Only segment. These funds have received 5-star ratings from Morningstar for the R6 share class. “We have built our retirement business around the foundation of helping people retire safely,” added Nico. “Target date funds represent a significant component of our strategy. We are proud to see that our desire to help clients meet their retirement goals in one of the industry’s fastest-growing market segments is being showcased.”

     
Fund/class   Lipper classification   Winner years   Portfolio managers
Wells Fargo Diversified Capital Builder Fund–Institutional   Mixed-Asset Target Allocation Growth Funds   3-year period (out of 443 funds)   Margie Patel
Wells Fargo Diversified Capital Builder Fund–Institutional   Mixed-Asset Target Allocation Growth Funds   5-year period (out of 397 funds)   Margie Patel
Wells Fargo Diversified Income Builder Fund–Institutional   Mixed-Asset Target Allocation Conservative Funds   5-year period (out of 274 funds)   Kandarp Acharya and Margie Patel
Wells Fargo Diversified Income Builder Fund–Institutional   Mixed-Asset Target Allocation Conservative Funds   10-year period (out of 208 funds)   Kandarp Acharya and Margie Patel
Wells Fargo Dynamic Target 2015 Fund–R6   Mixed-Asset Target 2015 Funds   3-year period (out of 104 funds)   Christian Chan,

Kandarp Acharya, and Petros Bocray

Wells Fargo Dynamic Target 2020 Fund–R6   Mixed-Asset Target 2020 Funds   3-year period (out of 182 funds)   Christian Chan,

Kandarp Acharya, and Petros Bocray

Wells Fargo Dynamic Target 2025 Fund–R6   Mixed-Asset Target 2025 Funds   3-year period (out of 176 funds)   Christian Chan,

Kandarp Acharya, and Petros Bocray

Wells Fargo Dynamic Target 2030 Fund–R6   Mixed-Asset Target 2030 Funds   3-year period (out of 190 funds)   Christian Chan,

Kandarp Acharya, and Petros Bocray

Wells Fargo Index Asset Allocation Fund–Administrator   Mixed-Asset Target Allocation Moderate Funds   5-year period (out of 458 funds)   Christian Chan,

Kandarp Acharya, and Petros Bocray

Wells Fargo Real Return Fund–Administrator   Inflation-Protected Bond Funds   5-year period (out of 153 funds)  

Kandarp Acharya; Petros Bocray; Michael Bradshaw, CFA; Christian Chan; Kayvan Malek; Jay Mueller; Garth Newport, CFA; Tom Price; and Dale Winner

 

About the Lipper Fund Awards

The 2019 Lipper Fund Awards are based on data as of November 30, 2018. The Lipper Fund Awards recognize funds in more than 23 countries in Asia, Europe, the Middle East and North Africa, and the Americas. Lipper designates award-winning funds in most individual classifications for 3-, 5-, and 10-year periods. In addition, the Lipper Fund Awards program spotlights fund families with high average scores for the 3-year time period. The awards listed are for the indicated share classes only. Other share classes of the funds may have different results. Past performance is no guarantee of future results.

About Wells Fargo Funds

Mutual fund investing involves risks, including the possible loss of principal, and may not be appropriate for all investors. Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. Bond values fluctuate in response to the financial condition of individual issuers, general market and economic conditions, and changes in interest rates. Changes in market conditions and government policies may lead to periods of heightened volatility in the bond market and reduced liquidity for certain bonds held by the fund. In general, when interest rates rise, bond values fall and investors may lose principal value. Interest rate changes and their impact on the fund and its share price can be sudden and unpredictable. Funds that concentrate their investments in a single industry may face increased risk of price fluctuation over more diversified funds due to adverse developments within that industry. Foreign investments are especially volatile and can rise or fall dramatically due to differences in the political and economic conditions of the host country. These risks are generally intensified in emerging markets. Smaller- and mid-cap stocks tend to be more volatile and less liquid than those of larger companies. High-yield securities have a greater risk of default and tend to be more volatile than higher-rated debt securities. Consult a fund's prospectus for additional information on these and other risks.

Performance for the fund or the class shown reflects a predecessor fund’s or class’s performance and may be adjusted to reflect the fund’s or class’s expenses as applicable.

The manager has contractually committed to certain fee waivers and/or expense reimbursements. Without these reductions, the funds’ returns would have been lower and rankings may have been lower. These reductions may be discontinued.

About Wells Fargo Asset Management

Wells Fargo Asset Management, a division of Wells Fargo Wealth and Investment Management, strives to help clients achieve their financial goals through diverse investment options managed by investment teams that are supported by independent risk management and backed by superior, collaborative service. Wells Fargo Asset Management and its affiliate1 have $466 billion in assets under management (AUM)2 and more than 25 independent investment teams with specialized expertise and proven processes, more than 500 investment professionals, and a global reach with offices and clients around the world.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets.2 Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,800 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 37 countries and territories to support customers who conduct business in the global economy. With approximately 259,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

1. AUM includes $92 billion from Galliard Capital Management, an investment advisor that is not part of the WFAM trade/GIPS firm.
2. As of December 31, 2018

Carefully consider a fund's investment objectives, risks, charges, and expenses before investing. For a current prospectus and, if available, a summary prospectus, containing this and other information, visit wellsfargofunds.com. Read it carefully before investing.

Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company. These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC. Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a broker-dealer and Member FINRA).

This material is for general informational and educational purposes only and is NOT intended to provide investment advice or a recommendation of any kind—including a recommendation for any specific investment, strategy, or plan.

Some of the information contained herein may include forward-looking statements about the expected investment activities of the funds. These statements provide no assurance as to the funds’ actual investment activities or results. Readers must make their own assessment of the information contained herein and consider such other factors as they may deem relevant to their individual circumstances. 321298 03-19

INVESTMENT PRODUCTS: NOT FDIC INSURED ● NO BANK GUARANTEE ● MAY LOSE VALUE

Robert Julavits
917-260-2448
robert.w.julavits@wellsfargo.com

Sarah Kerr
917-260-1582
skerr@wellsfargo.com

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