Wells Fargo Asset Management Wins Seven Lipper Fund Awards - Five Were Won By The Expanded Multi-Asset Solutions Team

Wells Fargo Asset Management (WFAM) won seven 2018 Lipper Fund Awards for consistently strong risk-adjusted returns relative to its peers.

These seven awards were presented to five funds on Feb. 27 at the fund research and analysis organization’s annual awards dinner in New York. All five funds are consecutive multiyear Lipper Fund Award winners and are shown in the table below.

For the second consecutive year, the Wells Fargo Diversified Capital Builder Fund and the Wells Fargo Diversified Income Builder Fund, managed by Margie Patel, took top honors for performance during both the three- and five-year periods. Patel manages $2.3 billion (as of Dec. 31, 2017) in mutual funds and institutional portfolios allocated across fixed-income and equity securities.

“We are pleased to have been recognized by Lipper for strong performance across multiple funds,” said Andrew Owen, president of Wells Fargo Funds. “These awards acknowledge the market-leading efforts of our talented portfolio management teams, including the expanded Multi-Asset Solutions team that now includes four 2018 Lipper Fund Award winning portfolio managers under the leadership of Nico Marais. In an increasingly challenging and volatile market environment, Nico will leverage the expertise of this team to focus our multi-asset solutions capabilities on enhancing both risk management and returns for Wells Fargo Asset Management and its clients.”

The Multi-Asset Solutions team won five of the Lipper Fund Awards for the performance of its income and asset allocation funds. These funds include:

• The Wells Fargo Diversified Capital Builder Fund and the Wells Fargo Diversified Income Builder Fund, managed by Patel.
• The Wells Fargo Index Asset Allocation Fund, managed by Christian Chan, CFA; Kandarp Acharya, CFA, FRM; and Petros Bocray, CFA, FRM.

Two awards were won by the Municipal Bond team, under the leadership of Lyle Fitterer, and the Montgomery Fixed-Income team, under the leadership of Thomas O’Connor and Troy Ludgood.