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Trending ETFs

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

-

$326 M

-

1.01%

Vitals

YTD Return

N/A

1 yr return

-0.8%

3 Yr Avg Return

1.7%

5 Yr Avg Return

3.8%

Net Assets

$326 M

Holdings in Top 10

19.9%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.01%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 51.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

-

$326 M

-

1.01%

SHBAX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.01%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Wells Fargo High Income Fund
  • Fund Family Name
    Wells Fargo Funds
  • Inception Date
    Feb 29, 2000
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kevin J. Maas

Fund Description


SHBAX - Performance

Return Ranking - Trailing

Period SHBAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -9.3% 23.9% N/A
1 Yr -0.8% -9.4% 5.6% N/A
3 Yr 1.7%* -6.5% 8.5% N/A
5 Yr 3.8%* -8.6% 2.2% N/A
10 Yr 5.5%* -13.4% 4.4% N/A

* Annualized

Return Ranking - Calendar

Period SHBAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -23.1% -0.4% N/A
2022 N/A -9.5% 28.5% N/A
2021 N/A -14.4% 28.6% N/A
2020 N/A -34.3% 1.0% N/A
2019 N/A -23.1% 27.7% N/A

Total Return Ranking - Trailing

Period SHBAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -9.3% 23.9% N/A
1 Yr -5.2% -9.4% 6.8% N/A
3 Yr 0.2%* -6.5% 11.2% N/A
5 Yr 2.8%* -7.8% 6.2% N/A
10 Yr 5.0%* -13.4% 8.6% N/A

* Annualized

Total Return Ranking - Calendar

Period SHBAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -23.1% 1.3% N/A
2022 N/A -4.9% 36.8% N/A
2021 N/A -14.4% 39.0% N/A
2020 N/A -28.3% 4.3% N/A
2019 N/A -21.8% 27.7% N/A

SHBAX - Holdings

Concentration Analysis

SHBAX Category Low Category High SHBAX % Rank
Net Assets 326 M 1.02 M 25 B N/A
Number of Holdings 103 6 1547 N/A
Net Assets in Top 10 65 M -1.5 M 3.71 B N/A
Weighting of Top 10 19.88% 5.1% 99.6% N/A

Top 10 Holdings

  1. SPDR® Barclays High Yield Bond ETF 3.18%
  2. iShares iBoxx $ High Yield Corporate Bd 3.09%
  3. Dean Foods Co New 144A 6.5% 1.91%
  4. Hca 4.75% 1.87%
  5. Healthsouth 5.75% 1.86%
  6. Sprint 7.875% 1.68%
  7. Sally Hldgs 5.625% 1.60%
  8. Hd Sply 144A 5.75% 1.59%
  9. Equinix 5.75% 1.59%
  10. Davita Healthcare Partners 0.07% 1.52%

Asset Allocation

Weighting Return Low Return High SHBAX % Rank
Bonds
91.55% -17.48% 100.06% N/A
Cash
8.45% -3.02% 117.48% N/A
Preferred Stocks
0.01% 0.00% 11.13% N/A
Stocks
0.00% -0.44% 99.77% N/A
Other
0.00% -1.24% 11.36% N/A
Convertible Bonds
0.00% 0.00% 11.82% N/A

Bond Sector Breakdown

Weighting Return Low Return High SHBAX % Rank
Corporate
91.57% 0.00% 100.08% N/A
Cash & Equivalents
8.40% -1.24% 117.48% N/A
Government
0.02% -5.69% 65.95% N/A
Securitized
0.01% 0.00% 60.24% N/A
Derivative
0.00% -17.48% 8.43% N/A
Municipal
0.00% 0.00% 100.03% N/A

Bond Geographic Breakdown

Weighting Return Low Return High SHBAX % Rank
US
78.80% -17.48% 99.77% N/A
Non US
12.75% 0.00% 53.13% N/A

SHBAX - Expenses

Operational Fees

SHBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.00% 6.42% N/A
Management Fee 0.55% 0.00% 1.00% N/A
12b-1 Fee 0.00% 0.00% 1.00% N/A
Administrative Fee 0.16% 0.01% 0.45% N/A

Sales Fees

SHBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

SHBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

SHBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 51.00% 5.00% 1334.00% N/A

SHBAX - Distributions

Dividend Yield Analysis

SHBAX Category Low Category High SHBAX % Rank
Dividend Yield 0.00% 0.00% 4.50% N/A

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SHBAX Category Low Category High SHBAX % Rank
Net Income Ratio 5.01% -1.92% 7.22% N/A

Capital Gain Distribution Analysis

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

Distributions History

View More +

SHBAX - Fund Manager Analysis

Managers

Kevin J. Maas


Start Date

Tenure

Tenure Rank

Oct 01, 2007

8.75

8.8%

Kevin Maas is a portfolio manager and senior analyst for the Wells Capital Management U.S. High Yield team. Kevin joined Wells Capital Management as a senior research analyst from Strong Capital Management, where he began his investment industry career as a high yield credit analyst in 1999. Prior to Strong, he served as a credit analyst in the commercial lending department of Marshall & Ilsley Corporation. Kevin earned a bachelor’s degree in finance from the Carlson School of Management at the University of Minnesota. He has earned the right to use the CFA designation.

Michael J. Schueller


Start Date

Tenure

Tenure Rank

Oct 01, 2007

8.75

8.8%

Mike Schueller is a portfolio manager and research analyst for the Wells Capital Management Customized Fixed Income team. Mike joined Wells Capital Management as a senior investment research analyst from Strong Capital Management where he held a similar position. He rejoined Strong in 2000, having left the firm to start a trust department for Community Bank & Trust in Sheboygan, WI. Mike first joined Strong in 1998 as associate counsel in the legal department. For the three years previous to this, he practiced law with Reinhart, Boerner, Van Deuren, Norris & Rieselbach, S.C. in Milwaukee, WI, specializing in corporate reorganizations, mergers and acquisitions. He earned a bachelor’s degree in economics from the University of Minnesota and a law degree from the University of Wisconsin, Madison. Mike has earned the right to use the CFA designation.

Thomas M. Price


Start Date

Tenure

Tenure Rank

May 15, 1998

18.14

18.1%

Thomas Price is senior portfolio manager and head of Short Term High Yield for the Wells Capital Management U.S. High Yield team. Thomas joined Wells Capital Management from Strong Capital Management, having joined Strong in 1996 as a research analyst and later becoming a portfolio manager in 1998. Prior to Strong, he was a high-yield bond analyst with Northwestern Mutual Life Insurance Company. Thomas began his investment industry career in 1989 with Houlihan, Lokey, Howard & Zukin. He earned a bachelor’s degree in finance from the University of Michigan and a master’s of management degree in finance from the Kellogg Graduate School of Management at Northwestern University. Thomas has earned the right to use the CFA designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 34.87 6.64 0.0