C&B Large Cap Value Fund – CBEAX

 


 

Share Price 09-02-15 $12.04
Daily Change 0.15
YTD Return -5.94%
Inception Date 05-15-1990
Net Fund Assets 07-31-2015 $303,213,199.64

PERFORMANCE

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

  1-year 3-year 5-year 10-year Inception
NAV 6.92 16.38 15.10 6.45 9.86
POP 0.78 14.13 13.75 5.82 9.60

Russell 1000 Value Index

  1-year 3-year 5-year 10-year Inception
  4.13 17.34 16.50 7.05 --

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.

Russell 1000® Value Index measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values. You cannot invest directly in an index.

EXPENSES %

Net Expense Ratio effective since 07-01-15 1.15%
Gross Expense Ratio 1.26%

Important disclosure

The advisor has committed, through 09-30-15, 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 = Large Value
3-Year out of 1192 fundsMorningstar RatingMorningstar Rating
5-Year out of 1052 funds Morningstar RatingMorningstar Rating
10-Year out of 741 funds Morningstar RatingMorningstar Rating
Overall out of 1192 fundsMorningstar 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

State Street Corporation 3.84%
The Progressive Corporation 3.49%
JPMorgan Chase & Company 3.47%
Laboratory Corporation of America Holdings 3.34%
RenaissanceRe Holdings Limited 3.22%
United Parcel Service, Incorporated 3.08%
Carnival Corporation 2.97%
Omnicom Group Incorporated 2.94%
Johnson & Johnson 2.92%
UnitedHealth Group Incorporated 2.92%

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

Financials 27.33%
Health Care 14.90%
Industrials 14.71%
Consumer Discretionary 13.44%
Consumer Staples 8.19%
Energy 7.47%
Cash 5.64%
Information Technology 4.67%
Materials 3.65%
Telecommunication Services 0.00%
Portfolio holdings and sectors are subject to change and may have changed since the date specified.

FUND STORY

PORTFOLIO MANAGERS


Edward W. O'Connor, CFA

Edward W. O'Connor, CFA
Years of investment
experience: 15

 

Mehul Trivedi, CFA

Mehul Trivedi, CFA
Years of investment
experience: 19

 

Michael M. Meyer, CFA

Michael M. Meyer, CFA
Years of investment
experience: 25

 

R. James O'Neil, CFA

R. James O'Neil, CFA
Years of investment
experience: 28

 

Steve Lyons, CFA

Steve Lyons, CFA
Years of investment
experience: 10

 

William Weber

William Weber, CFA
Years of investment
experience: 5

 

Andrew B. Armstrong, CFA

Andrew B. Armstrong, CFA
Years of investment
experience: 7


The Fund

The Wells Fargo Advantage C&B Large Cap Value Fund seeks long-term capital appreciation by using a proprietary cash-flow model to identify 40 to 50 high-quality large-cap companies.

Competitive Advantages

  • Cash-flow model: The team believes that its proprietary cash-flow model enables it to better estimate a company's future cash flows and provides a unique insight into a company's valuation. The model's assumptions are updated regularly as part of portfolio monitoring and maintenance.
  • Focus on high-quality companies: The team attempts to identify companies with sustainable competitive advantages, high barriers to entry, or differentiating traits such as strong brands, low costs, patents, or advanced technology. The team believes that these companies have a better opportunity to sustain earnings and increase shareholder value over the long term.

Risks

Stock fund values fluctuate in response to the activities of individual companies and general market and economic conditions. 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