• Wells Fargo Discovery Fund

Wells Fargo Funds

  • US
  • Multi-Cap
  • Growth

Wells Fargo Discovery Fund

WFDAX

Summary

The fund seeks capital appreciation in the long term by investing in small-and mid-size companies in the United States.

The sub-advisor’s investment process is designed to highlight companies in the benchmark index that exhibit excellent growth opportunities.

Then the research team focuses on companies that display the potential for superior sales and earnings growth rates, sustainable competitive advantage, and with proven management teams aligned with shareholders’ interests.

The team also looks for companies that are open to innovation and utilize technology to improve efficiencies, gain pricing advantages, and achieve market leadership position.

In addition, More

Price

Last Close

$19.85 ( +0.64 )

52 Week HL

$52.17 - $18.57

Net Assets

$1960 M

Expense Ratio

0.88 %

Sector Allocation

Feb 28, 2021

Top 10 Holdings

Mar 18, 2021

Company Name

  • MercadoLibre Inc
  • StoneCo Ltd.
  • MongoDB, Inc.
  • Generac Holdlings
  • Five9, Inc.

Holding

  • 2.96
  • 2.94
  • 2.83
  • 2.72
  • 2.36

Company Name

  • Twilio Inc.
  • Etsy, Inc.
  • Chipotle Mexican
  • Align Technology
  • IAC/InteractiveCorp
  • Total

Holding

  • 2.19
  • 2.19
  • 2.05
  • 1.96
  • 1.87
  • 24.07%

Manager

Name

Michael T. Smith

Leadership

Single Manager

Tenure

2003

Advisor

Wells Capital Management Incorporated

Documents

Prospectus

Annual Reports

Website

Link

Performance

YTD

-37.2 %

3 Year

-39.46%

5 Year

-18.27%

Best

53.29%
2020

Worst

-43.61%
2008

Returns +
Quarterly

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Q1 -19.2% -5.8% -17.9% 23.1% 3.2% 9.9% -4.1% 6.5% -1.4% 12.7% -
Q2 -19.2% 8.1% 35.9% 10.2% 6.7% 5.1% 5% 3.1% 0.3% 5.8% -
Q3 - -1.9% 15.4% -4.8% 8.1% 5.4% 5% -11.7% -3.4% 9.7% -
Q4 - -31.8% 19% -6.7% -19.6% 5.7% 1.5% 1.4% 5.3% 7.9% -

Returns +
Monthly

J F M A M J J A S O N D
2022 -20% 0.7% 0.4% -14.5% -9.1% - - - - - - -
2021 -1.4% 1.9% -6.3% 5.5% -4.8% 7.7% 0.4% 4% -6% 4.9% -8.9% -28.7%

+
Annual

    2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
    -23%25%37%34%-3%28%6%4%11%32%13%

Alpha

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
WFDAX -37%-32%53%22%-7%29%7%-2%1%42%16%
Russell 3000 -23%25%37%34%-3%28%6%4%11%32%13%
Alpha -14%-57%16%-12%-4%1%1%-5%-10%10%3%

WFDAX Russell 3000

Chart +