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Wells Fargo Index Admin WFIOX

Analyst rating as of
NAV / 1-Day Return
51.00  /  1.49 %
Total Assets
1.3 Bil
Adj. Expense Ratio
0.250%
Expense Ratio
0.250%
Fee Level
Low
Longest Manager Tenure
8.28 years
Category
Large Blend
Investment Style
Large Blend
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
1.14%
Turnover
3%
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Morningstar’s Analysis

Will WFIOX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A decent option for a S&P 500 tracker, but its tax efficiency and fee can be improved.

Associate Analyst

Summary

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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.

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