Wells Fargo Asia Pacific Fund
Data updated: 2020-01-14
C000053342 — Wells Fargo Asia Pacific Fund. China Blend / Core Equity · $113.60M AUM · 2.35% expense ratio. Holdings, fees, performance and SEC filings.
C000053342 Fund Overview
Wells Fargo Asia Pacific Fund is a US mutual fund managed by Allspring Funds Trust, categorised as China Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Allspring Funds Trust
- Category: China Blend / Core Equity
- Assets under management: $113.60M
- SEC CIK: 0001081400
- SEC series ID: S000007248
- Share class ID: C000053342
C000053342 Investment Objective and Strategy
Wells Fargo Asia Pacific Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Allspring Funds Trust.
Investment objective
The Fund seeks long-term capital appreciation.
Principal investment strategy
Under normal circumstances, we invest: at least 80% of the Fund's net assets in Asia Pacific Basin equity securities. We invest principally in equity securities of companies in the Asia Pacific Basin. We define Asia Pacific Basin securities as securities: (1) issued by companies with their principal place of business or principal office in the Asia Pacific Basin; (2) issued by companies for which the principal securities trading market is in the Asia Pacific Basin; or (3) issued by companies, regardless of where their securities are traded, that derive at least 50% of their revenue or profits from goods produced or sold, investments made, or services performed in the Asia Pacific Basin or that have at least 50% of their assets in the Asia Pacific Basin. The Asia Pacific Basin includes, among other countries, Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam, some of which may be considered emerging market countries.
We may use participation notes, which are a type of derivative. We look for companies with the potential for above-average sales and earnings growth, overall financial strength, competitive advantages, and capable management. We may sell a holding when it no longer has these traits. Our investment strategy includes both a top-down strategy, which takes account of overall economic and market trends in each country, and a bottom-up strategy, in which we use fundamental research for security selection. In order to take advantage of the wide range of possible opportunities in a variety of markets at different stages of economic development, we construct the portfolio by seeking both growth and value opportunities in stocks of any market capitalization.
C000053342 Costs and Fees
C000053342 costs about $235 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.35%
- Gross expense ratio: 2.44%
- Portfolio turnover: 50%
- Brokerage commissions: 14.13 bps of average net assets (SEC N-CEN)
C000053342 Cashflows
Over the 12 months to 2019-10, Wells Fargo Asia Pacific Fund had net outflows of $9.23M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2019-10 | −$2.56M |
| 2019-09 | −$3.28M |
| 2019-08 | −$3.40M |
C000053342 Debt Constituents
No individual debt constituents are reported in Wells Fargo Asia Pacific Fund's latest SEC N-PORT filing.
C000053342 Prospectus and SEC Filings
Official Wells Fargo Asia Pacific Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other China Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.