Index Asset Allocation Fund – SFAAX

 


 

Share Price 09-03-15 $28.87
Daily Change 0.03
YTD Return -2.09%
Inception Date 11-13-1986
Net Fund Assets 07-31-2015 $943,228,413.90

PERFORMANCE

AVERAGE ANNUAL TOTAL RETURNS % as of 06-30-2015

  1-year 3-year 5-year 10-year Inception
NAV 8.78 13.81 14.83 6.99 8.74
POP 2.52 11.59 13.48 6.36 8.52

Lipper Mixed-Asset Target Allocation Moderate Funds

  1-year 3-year 5-year 10-year Inception
  0.94 8.65 9.08 5.39 --

Important disclosure

For Class A shares, the maximum front-end sales charge is 5.75%. Performance including sales charge assumes the sales charge for the corresponding time period.
Public offering price (POP) is the price of one share of a fund including any sales charges. Net asset value (NAV) is the value of one share of the fund excluding any sales charges. Had sales charges been included, performance would be lower. Returns for periods of less than one year are not annualized.

Source: Lipper, Inc. The Lipper Mixed-Asset Target Allocation Moderate Funds Average is an average of funds that, by portfolio practice, maintain a mix of between 40%-60% equity securities, with the remainder invested in bonds, cash, and cash equivalents. The total return of the Lipper Average does not include the effect of sales charges. You cannot invest directly in a Lipper Average.

EXPENSES %

Net Expense Ratio effective since 07-01-15 1.15%
Gross Expense Ratio 1.15%

Important disclosure

The advisor has committed, through 01-31-16, to waive fees and/or reimburse expenses to the extent necessary to cap the fund's total annual fund operating expenses after fee waiver, excluding certain expenses, at 1.15%. Without this cap, the fund's returns would have been lower.

MORNINGSTAR RATINGS as of 07-31-2015

Category = Aggressive Allocation
3-Year out of 392 fundsMorningstar RatingMorningstar RatingMorningstar Rating
5-Year out of 329 funds Morningstar RatingMorningstar RatingMorningstar RatingMorningstar RatingMorningstar Rating
10-Year out of 225 funds Morningstar RatingMorningstar RatingMorningstar RatingMorningstar Rating
Overall out of 392 fundsMorningstar RatingMorningstar RatingMorningstar RatingMorningstar Rating

Important disclosure

The Overall Morningstar Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and ten-year (if applicable) ratings, based on risk-adjusted returns.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Past performance is no guarantee of future results.

HOLDINGS

TOP HOLDINGS % of net assets as of 07-31-2015

Apple Incorporated 2.26%
Microsoft Corporation 1.22%
Exxon Mobil Corporation 1.07%
Johnson & Johnson 0.90%
Wells Fargo & Company 0.88%
General Electric Company 0.85%
Berkshire Hathaway Incorporated 0.84%
JPMorgan Chase & Company 0.82%
Pfizer Incorporated 0.72%
AT&T Incorporated 0.69%
Portfolio holdings are subject to change and may have changed since the date specified.

FUND STORY

PORTFOLIO MANAGERS


Christian Chan, CFA

Christian Chan, CFA
Years of investment
experience: 18

 

Kandarp Acharya, CFA, FRM

Kandarp Acharya, CFA, FRM
Years of investment
experience: 16


The Fund

The Wells Fargo Advantage Index Asset Allocation Fund seeks total return by using an indexed approach to principally invest in a portfolio of equity and fixed-income securities.

Competitive Advantages

  • Rigorous asset allocation process: A combination of quantitative analysis and qualitative judgments are used in determining asset allocation decisions. Quantitative analysis uses proprietary asset allocation models. Qualitative judgments take economic and market conditions into consideration.

Risks

Balanced funds may invest in stocks and bonds. 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. In general, when interest rates rise, bond values fall and investors may lose principal value. The use of derivatives may reduce returns and/or increase volatility. Consult the fund's prospectus for additional information on these and other risks.

Figures quoted represent past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance shown without sales charges would be lower if sales charges were reflected. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Current month-end performance is available at the funds' website, wellsfargo.com/advantagefunds.

Back

Not FDIC Insured • No Bank Guarantee • May Lose Value

©2015 Wells Fargo Funds Management, LLC. All rights reserved. Wells Fargo Funds Distributor, LLC, Member FINRA, an affiliate of Wells Fargo & Company.

Prospectus | Terms of use | Privacy | Proxy policies & voting records | Security policy | Contact us | Help | Full site