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Wells Fargo Advantage Precious Metals A (EKWAX) Fund Ranking and Research

Ranking, Research and Recommendation of Wells Fargo Advantage Precious Metals A (EKWAX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of Wells Fargo Advantage Precious Metals A Fund (EKWAX) ManagerFund Manager - Oleg A. Makhorine

Fund Manager Information

Fund Manager Tenure: 7.9 years
Similar Funds: EKWBX  EKWCX  EKWDX  EKWYX 
Fund Family: Wells Fargo Funds
Fund Category: Equity Precious Metals
Fund Performance: May 30, 2016
Fundmojo Fund Grade: D (Score: 0.46)     (What does this score mean?)

 

Graph of Wells Fargo Advantage Precious Metals A Fund (EKWAX) ProfileWells Fargo Advantage Precious Metals A Fund (EKWAX) Profile

Fund Profile and Description

Wells Fargo Advantage Precious Metals A Fund seeks long-term capital appreciation. Wells Fargo Advantage Precious Metals A Fund normally invests at least 80% of net assets in investments related to precious metals. It may invest any amount of total assets in equity securities of foreign issuers, including ADRs and similar investments, and invest up to 40% of total assets in emerging market equity securities. Wells Fargo Advantage Precious Metals A Fund may also invest up to 25% of total assets, at the time of purchase, in debt securities linked to precious metals and common or preferred stocks of subsidiaries of the fund that invest directly or indirectly in precious metals and minerals. It is non-diversified.

 

Wells Fargo Advantage Precious Metals A (EKWAX) Fund Strength What we like about Wells Fargo Advantage Precious Metals A (EKWAX) Fund

Data for Wells Fargo Advantage Precious Metals A Fund (EKWAX) as of May 30, 2016

  • Wells Fargo Advantage Precious Metals A Fund (EKWAX) management has been with Wells Fargo Advantage Precious Metals A Fund for 7.9 years
  • Wells Fargo Advantage Precious Metals A Fund (EKWAX) has good mid-term performance (3-year return -5.13% vs -5.42% Equity Precious Metals category median performance)
  • Wells Fargo Advantage Precious Metals A Fund (EKWAX) has good Long-term performance (5-year return -14.33% vs -15.77% Equity Precious Metals category median performance)
  • Asset base in Wells Fargo Advantage Precious Metals A Fund (EKWAX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Wells Fargo Advantage Precious Metals A Fund (EKWAX) has an annual stock turnover rate of 18.00% vs Equity Precious Metals average of 52.40%. It is good that Wells Fargo Advantage Precious Metals A management does not trade extensively for its return.
  • Wells Fargo Advantage Precious Metals A Fund (EKWAX) has a lower expense ratio than its Equity Precious Metals average: 1.10% vs 1.45%

Wells Fargo Advantage Precious Metals A Fund (EKWAX) Weakness What we are cautious about Wells Fargo Advantage Precious Metals A (EKWAX) Fund

Data for Wells Fargo Advantage Precious Metals A Fund (EKWAX) as of May 30, 2016

  • Wells Fargo Advantage Precious Metals A Fund (EKWAX) has a less-than-ideal short-term performance (1-year return 18.22% vs 18.36% Equity Precious Metals category median performance)
  • Wells Fargo Advantage Precious Metals A Fund (EKWAX) ratio of up-years vs down years can be improved
  • Wells Fargo Advantage Precious Metals A Fund (EKWAX) has a Morningstar rating of 3 and below
  • Wells Fargo Advantage Precious Metals A Fund (EKWAX) is less safe compared to its Equity Precious Metals peers
  • Wells Fargo Advantage Precious Metals A Fund (EKWAX) does not have a good risk adjusted return as its 3-year Alpha of -0.28 is worse than category average of 1.98, and its 3-year Sharpe ratio is 0.07
  • Wells Fargo Advantage Precious Metals A Fund (EKWAX) is more volatile than its peers as it has a 3-year Standard Deviation of 41.19 that is higher than category average of 40.63
  • Wells Fargo Advantage Precious Metals A Fund (EKWAX) carries a 5.75% load
  • As a Equity Precious Metals focused fund, Wells Fargo Advantage Precious Metals A Fund (EKWAX) is less diversified and has inherited sector risks associated with the fund
See Wells Fargo Advantage Precious Metals A Fund (EKWAX) performance details as of May 30, 2016

 

What do you think?

 

Compare Wells Fargo Advantage Precious Metals A Fund (EKWAX)Compare with other top Equity Precious Metals category mutual funds

Aadditional top Equity Precious Metals mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Wells Fargo Advantage Precious Metals A58.6318.22-5.13-14.33
Gabelli Gold AAA (GOLDX)58.3422.42-0.69-12.10Compare

See top fund managers for Equity Precious Metals Category Funds

 

Compare Wells Fargo Advantage Precious Metals A Fund (EKWAX)Compare with Equity Precious Metals category ETFs

Some Equity Precious Metals ETFs for your consideration

ETFYear to DateOne YearThree Year
Global X Gold Explorers ETF (GLDX)87.40%58.57%1.71%
Market Vectors Gold Miners ETF (GDX)64.58%16.29%-7.77%
PowerShares Global Gold & Prec Mtls ETF (PSAU)64.26%15.41%-6.15%
Market Vectors Junior Gold Miners ETF (GDXJ)000
Market Vectors Rare EarthStrat Mtls ETF (REMX)21.48%-34.28%-26.30%

 

Graph of Wells Fargo Advantage Precious Metals A Fund (EKWAX) Net Asset TrackingWells Fargo Advantage Precious Metals A (EKWAX) Fund Net Asset

Track net asset change of Wells Fargo Advantage Precious Metals A fund (EKWAX)

DateNet Asset
05/2016$424.96M
03/2016$370.07M
02/2016$345.52M
More historic net asset information on Wells Fargo Advantage Precious Metals A Fund (EKWAX)

  

Graph of Wells Fargo Advantage Precious Metals A Fund (EKWAX) Portfolio TrackingWells Fargo Advantage Precious Metals A (EKWAX) Fund Portfolio Allocation

Track portfolio allocation change of Wells Fargo Advantage Precious Metals A fund (EKWAX)

DateCashStockBondOther
04/20164.38%95.33%0%0.29%
02/20164.22%95.53%0%0.25%
01/20161.08%98.7%0%0.22%
Click here to see more historic asset allocation information on Wells Fargo Advantage Precious Metals A Fund (EKWAX)

 

graph of Wells Fargo Advantage Precious Metals A Fund (EKWAX) Top 10 Position TrackingTop 10 Holdings in Wells Fargo Advantage Precious Metals A (EKWAX) Fund

Discover what Wells Fargo Advantage Precious Metals A Fund (EKWAX) manager is buying

Apr 29, 2016
AGNICO EAGLE MINES LIMITED [7.85%]
RANDGOLD RESOURCES LD ADS (EACH [7.77%]
KINROSS GOLD CORP. [5.7%]
Newmont Mining Corporation [5.47%]
Tahoe Resources Inc [4.35%]
Evergreen Special Invts Cayman [4.18%]
BARRICK GOLD CORPORATION [4.13%]
Semafo Inc [4.1%]
Anglogold Ashanti Ltd ADR [3.9%]
Goldcorp, Inc. [3.89%]

Feb 28, 2016
RANDGOLD RESOURCES LD ADS (EACH [9.83%]
AGNICO EAGLE MINES LIMITED [8.16%]
Evergreen Special Invts Cayman [5.59%]
Newmont Mining Corp [5.26%]
Fresnillo PLC [4.36%]
Anglogold Ashanti Ltd ADR [4.3%]
Barrick Gold Corporation Common [4.13%]
Royal Gold Inc [3.99%]
Goldcorp, Inc. [3.87%]
SEMAFO INC [3.73%]

Jan 30, 2016
RANDGOLD RESOURCES LD ADS (EACH [10.53%]
AGNICO EAGLE MINES LIMITED [9.45%]
Evergreen Special Invts Cayman [6.97%]
Newmont Mining Corp [5.62%]
Fresnillo PLC [4.5%]
BARRICK GOLD CORPORATION [4.07%]
Goldcorp, Inc. [3.88%]
AngloGold Ashanti Limited Commo [3.61%]
Royal Gold Inc [3.54%]
SEMAFO INC [3.33%]
Click here for Stock Holding Change Map in Wells Fargo Advantage Precious Metals A Fund (EKWAX)

  

Latest News on Wells Fargo Advantage Precious Metals A (EKWAX) Fund

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