Wells Fargo Index fund tracks the broadly diversified, low-turnover S&P 500, providing a portfolio that is representative of the U.S. large-cap market. The S&P 500 has historically been tough competition for active managers in its large blend Morningstar Category. This strategy’s relatively low expense ratio should help it to outperform the average of its category peers in the long run. Its Admin share class earns a Morningstar Analyst Rating of Silver while its remaining share classes receive Bronze ratings, owing to their higher fees.
Will WFIOX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable WFIOX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the WFIOX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of WFIOX’s parent organization’s priorities and whether they’re in line with investors’ interests.