- Wells Fargo Discovery Fund
Wells Fargo Funds
- US
- Multi-Cap
- Growth
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, 2021Top 10 Holdings
Mar 18, 2021Company 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
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% |