SAN FRANCISCO -- (Business Wire)
Wells Fargo Asset Management has received a total of eight Lipper Fund
Awards, as announced last night at the fund research and analysis
organization’s annual awards dinner in New York. The Lipper Fund Awards
showcase funds that demonstrate consistently strong risk-adjusted
returns relative to their peers.
The Wells Fargo Diversified Capital Builder Fund and the Wells Fargo
Diversified Income Builder Fund, managed by Margie Patel, took
top honors for their performance during both the three- and five-year
periods, winning a combined total of four awards. Ms. Patel manages $1.8
billion (as of December 31, 2016) in mutual funds and institutional
portfolios allocated across both fixed-income and equity securities.
Three of the five Wells Fargo Funds recognized are multiyear Lipper Fund
Award winners, including the Wells Fargo Strategic Municipal Bond Fund,
which received its fourth consecutive performance award, as well as the
Wells Fargo Index Asset Allocation Fund for its win in the three-year
category for the third consecutive year and the five-year category for
the second consecutive year.
“The Lipper Fund Awards are a reflection of the firm’s commitment to the
consistency of our fund performance throughout different market
environments,” said Kirk Hartman, global chief investment officer
of Wells Fargo Asset Management. “They also demonstrate our dedication
to offering clients a broad range of investment capabilities, strong
risk management processes, and a disciplined operating approach to help
them reach their financial objectives.”
The following Wells Fargo Funds received 2017 Lipper Fund Awards based
on data as of November 30, 2016.
Fund/class |
|
| Lipper classification |
|
| Winner years (3, 5, or 10) |
|
| Portfolio managers |
Wells Fargo Diversified Capital Builder Fund–Institutional
| | |
Mixed-Asset Target Allocation Growth Funds
| | |
3-year period (out of 453 funds)
| | | Margie Patel |
Wells Fargo Diversified Capital Builder Fund–Institutional
| | |
Mixed-Asset Target Allocation Growth Funds
| | |
5-year period (out of 400 funds)
| | | Margie Patel |
Wells Fargo Diversified Income Builder Fund–Institutional
| | |
Mixed-Asset Target Allocation Conservative Funds
| | |
3-year period (out of 321 funds)
| | | Margie Patel |
Wells Fargo Diversified Income Builder Fund–Institutional
| | |
Mixed-Asset Target Allocation Conservative Funds
| | |
5-year period (out of 275 funds)
| | | Margie Patel |
Wells Fargo Index Asset Allocation Fund–Administrator
| | |
Mixed-Asset Target Allocation Moderate Funds
| | |
3-year period (out of 511 funds)
| | | Christian L. Chan, CFA, and Kandarp R. Acharya, CFA,
FRM
|
Wells Fargo Index Asset Allocation Fund–Administrator
| | |
Mixed-Asset Target Allocation Moderate Funds
| | |
5-year period (out of 437 funds)
| | | Christian L. Chan, CFA, and Kandarp R. Acharya, CFA,
FRM
|
Wells Fargo Strategic Municipal Bond Fund–Administrator
| | |
Short/Intermediate Municipal Debt Funds
| | |
5-year period (out of 54 funds)
| | | Lyle J. Fitterer,CFA, CPA; Wendy Casetta; and
Robert J. Miller |
Wells Fargo Short Duration Government Bond Fund–Institutional
| | |
Short U.S. Government Funds
| | |
10-year period (out of 56 funds)
| | | Thomas O'Connor, CFA, and Troy Ludgood |
About the Lipper Fund Awards
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 thee-year time
period. Past performance is no guarantee of future results.
About Wells Fargo Funds
Balanced funds may invest in stocks and bonds. Stock fund 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. This fund is exposed to foreign investment risk,
high-yield securities risk, and smaller-company securities risk. Consult
a fund's prospectus for additional information on these and other risks.
For municipal income funds: A portion of the fund’s income may be
subject to federal, state, and/or local income taxes or the Alternative
Minimum Tax (AMT). Any capital gains distributions may be taxable.
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 top-tier investment options managed by specialized
investment teams that are supported by independent risk management and
backed by superior, collaborative service. With more than $482 billion
in assets under management,* Wells Fargo Asset Management has 29
autonomous investment teams with specialized expertise and proven
processes; more than 500 investment professionals; and a global reach
with offices and clients around the world.
Wells Fargo Asset Management (WFAM) is a trade name used by the asset
management businesses of Wells Fargo & Company. Wells Fargo Funds
Management, LLC, a wholly owned subsidiary of Wells Fargo & Company,
provides investment advisory and administrative services for Wells Fargo
Funds. Other affiliates of Wells Fargo & Company provide subadvisory and
other services for the funds. This material is prepared by Wells
Fargo Funds Distributor, LLC, Member FINRA, an affiliate of Wells
Fargo & Company. Neither Wells Fargo Funds Management nor Wells Fargo
Funds Distributor has fund customer accounts/assets, and neither
provides investment advice/recommendations or acts as an investment
advice fiduciary to any investor.
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.
About Wells Fargo
Wells Fargo & Company (NYSE:WFC) is a diversified, community-based
financial services company with $1.9 trillion in assets. Founded in 1852
and headquartered in San Francisco, Wells Fargo provides banking,
insurance, investments, mortgage, and consumer and commercial finance
through more than 8,600 locations, 13,000 ATMs, the internet
(wellsfargo.com) and mobile banking, and has offices in 42 countries and
territories to support customers who conduct business in the global
economy. With approximately 269,000 team members, Wells Fargo serves one
in three households in the United States. Wells Fargo & Company was
ranked No. 27 on Fortune’s 2016 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy our customers’
financial needs and help them succeed financially. News, insights and
perspectives from Wells Fargo are also available at Wells
Fargo Stories.
* As of December 31, 2016
302640 3-17
|
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
|
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Contacts:
Wells Fargo & Company
Shareholder inquiries
1-800-359-3379
or
Media
contact:
John Roehm, 415-222-5338
john.o.roehm@wellsfargo.com
Source: Wells Fargo & Company
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