WFQVX: Wells Fargo Target 2045 A

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WFQVX Wells Fargo Target 2045 A


Profile

WFQVX - Profile

Vitals

  • YTD Return -19.5%
  • 3 Yr Annualized Return -16.1%
  • 5 Yr Annualized Return -9.9%
  • Net Assets $87.8 M
  • Holdings in Top 10 100.0%

52 WEEK LOW AND HIGH

$7.05
$6.09
$8.92

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 39.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification


Distributions

  • YTD Total Return -19.5%
  • 3 Yr Annualized Total Return -16.1%
  • 5 Yr Annualized Total Return -9.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.88%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Wells Fargo Target 2045 Fund
  • Fund Family Name
    Wells Fargo Funds
  • Inception Date
    Nov 30, 2012
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kandarp Acharya

Fund Description

The fund is a fund of funds that invests in various master portfolios ("underlying funds"), which in turn, invest in a combination of securities to gain exposure to equity and fixed income asset classes. It gradually reduces its potential market risk exposures over time by generally re-allocating its assets among these asset classes, consistent with increasingly conservative strategic target allocations. The fund is primarily designed for investors expecting to retire and/or begin gradually withdrawing funds around its target date of 2045.


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Categories

Performance

WFQVX - Performance

Return Ranking - Trailing

Period WFQVX Return Category Return Low Category Return High Rank in Category (%)
YTD -19.5% -55.1% 18.5% 47.75%
1 Yr -15.2% -63.9% 23.3% 43.91%
3 Yr -16.1%* -35.5% 17.0% 96.31%
5 Yr -9.9%* -24.3% 14.0% 94.07%
10 Yr N/A* -10.0% 13.5% 13.68%

* Annualized

Return Ranking - Calendar

Period WFQVX Return Category Return Low Category Return High Rank in Category (%)
2019 18.1% -22.7% 66.4% 56.60%
2018 -19.8% -64.5% 6.7% 79.29%
2017 -18.2% -38.9% 80.9% 99.15%
2016 5.9% -23.9% 25.7% 29.59%
2015 -6.6% -45.6% 13.2% 60.22%

Total Return Ranking - Trailing

Period WFQVX Return Category Return Low Category Return High Rank in Category (%)
YTD -19.5% -55.1% 18.5% 47.75%
1 Yr -15.2% -63.9% 19.8% 43.91%
3 Yr -16.1%* -30.0% 17.0% 97.82%
5 Yr -9.9%* -23.4% 14.0% 96.52%
10 Yr N/A* -9.7% 14.8% 50.43%

* Annualized

Total Return Ranking - Calendar

Period WFQVX Return Category Return Low Category Return High Rank in Category (%)
2019 18.1% -22.2% 66.4% 56.66%
2018 -19.8% -64.5% 6.7% 86.35%
2017 -18.2% -20.0% 80.9% 99.46%
2016 5.9% -23.9% 32.0% 61.85%
2015 -6.6% -45.6% 13.2% 78.17%

NAV & Total Return History


Holdings

WFQVX - Holdings

Concentration Analysis

WFQVX Category Low Category High WFQVX % Rank
Net Assets 87.8 M 21.4 K 37.4 B 57.73%
Number of Holdings 9 1 8442 86.73%
Net Assets in Top 10 111 M 21.3 K 29.7 B 48.02%
Weighting of Top 10 100.00% 9.0% 109.6% 0.81%

Top 10 Holdings

  1. Wells Fargo Factor Enhanced Large Cap 40.41%
  2. Wells Fargo Factor Enhanced Intern 26.05%
  3. Wells Fargo Factor Enhanced Small Cap 10.16%
  4. Wells Fargo Bloomberg BarclaysUSAggexCor 9.23%
  5. Wells Fargo Factor Enhanced Emerging Mkt 7.89%
  6. Wells Fargo Investment Gr Cor Bd 4.75%
  7. Wells Fargo Emerging Markets Bond 0.75%
  8. Wells Fargo High Yield Corporate Bd 0.74%

Asset Allocation

Weighting Return Low Return High WFQVX % Rank
Stocks
81.20% 0.00% 259.02% 94.89%
Bonds
14.95% -235.37% 98.52% 7.41%
Cash
3.52% -100.34% 17.48% 36.67%
Convertible Bonds
0.18% 0.00% 6.82% 5.41%
Other
0.14% -40.50% 73.59% 33.82%
Preferred Stocks
0.01% 0.00% 11.33% 43.13%

Stock Sector Breakdown

Weighting Return Low Return High WFQVX % Rank
Financial Services
16.13% 0.00% 48.61% 53.06%
Healthcare
14.20% 0.00% 54.60% 13.57%
Industrials
13.45% 0.00% 45.85% 22.71%
Consumer Defense
10.20% 0.00% 29.68% 8.27%
Technology
9.30% 0.00% 51.17% 86.90%
Consumer Cyclical
8.91% 0.00% 32.90% 79.97%
Communication Services
7.89% 0.00% 35.16% 52.36%
Real Estate
5.91% 0.00% 41.68% 41.18%
Basic Materials
4.99% 0.00% 36.84% 14.56%
Energy
4.51% 0.00% 85.32% 39.90%
Utilities
4.49% 0.00% 73.52% 21.37%

Stock Geographic Breakdown

Weighting Return Low Return High WFQVX % Rank
US
49.93% -0.03% 77.34% 67.69%
Non US
31.27% 0.00% 199.70% 65.77%

Bond Sector Breakdown

Weighting Return Low Return High WFQVX % Rank
Government
32.60% 0.00% 98.52% 31.82%
Corporate
29.13% -16.37% 100.00% 19.79%
Securitized
18.99% 0.00% 45.77% 23.00%
Cash & Equivalents
10.03% -0.83% 100.00% 94.57%
Derivative
8.81% -0.66% 92.99% 10.74%
Municipal
0.44% 0.00% 27.51% 13.84%

Bond Geographic Breakdown

Weighting Return Low Return High WFQVX % Rank
US
12.87% -27.01% 98.52% 6.11%
Non US
2.08% -2.01% 20.45% 14.14%

Expenses

WFQVX - Expenses

Operational Fees

WFQVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.01% 45.88% 61.14%
Management Fee 0.10% 0.00% 1.50% 31.41%
12b-1 Fee 0.00% 0.00% 1.00% 2.03%
Administrative Fee 0.21% 0.01% 0.47% 85.85%

Sales Fees

WFQVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 5.75% 3.26%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

WFQVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.20% 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.

WFQVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.00% 0.00% 2053.00% 61.56%

Distributions

WFQVX - Distributions

Dividend Yield Analysis

WFQVX Category Low Category High WFQVX % Rank
Dividend Yield 0.00% 0.00% 39.48% 14.40%

Dividend Distribution Analysis

WFQVX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Annually Annually

Net Income Ratio Analysis

WFQVX Category Low Category High WFQVX % Rank
Net Income Ratio 1.88% -7.55% 13.14% 32.81%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

WFQVX - Fund Manager Analysis

Managers

Kandarp Acharya


Start Date

Tenure

Tenure Rank

Jul 14, 2017

2.72

2.7%

Mr. Acharya joined Wells Capital Management in 2013, where he currently serves as a Senior Portfolio Manager. Prior to joining Wells Capital Management, Mr. Acharya led the Advanced Analytics and Quantitative Research Group at Wells Fargo Wealth Management, where he also led the development and implementation of quantitative tactical allocation models as a member of the firm’s Asset Allocation Committee.

Petros Bocray


Start Date

Tenure

Tenure Rank

Jul 14, 2017

2.72

2.7%

Mr. Bocray is a portfolio manager on the Quantitative Strategies team at Wells Capital All Portfolios Management. In this role, Mr. Bocray serves as co-manager on several of the team's portfolios and conducts research supporting the quantitative models and investment strategies. Prior to joining the team in March 2006, Mr. Bocray worked as a portfolio manager for the Wells Fargo Wealth Management Group, where he managed private client accounts with a focus on portfolio construction and asset allocation. Education: Bachelor of Economics, College of Charleston, Charleston, South Carolina.

Christian Chan


Start Date

Tenure

Tenure Rank

Jul 14, 2017

2.72

2.7%

Mr. Chan joined Wells Capital Management in 2013, where he currently serves as a Senior Portfolio Manager. Prior to joining Wells Capital Management, Mr. Chan was a Portfolio Manager at Wells Fargo Funds Management, LLC, where he managed several of the firm's asset allocation mutual funds and also served as the firm's Head of Investments. Chan has served as a member of Wells Fargo Funds Management's asset allocation team and investment team since 2002. Previously, he served as a director in the Investments Department at mPower Advisors, LLC from 1999 to 2001. Chan holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 37.6 4.83 0.25