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Saturday, August 20, 2011

Wells Fargo Advantage Small Cap Value Investor (SSMVX) Review

Wells Fargo Advantage Small Cap Value Investor (SSMVX) Review : The Wells Fargo Advantage Small Cap Value fund investment seeks long-term capital appreciation. The fund invests at least 80% of net assets in equity securities of small-capitalization companies, which are defined as companies with market capitalizations within the range of the Russell 2500TM Index.

It can invest up to 30% of total assets in equity securities of foreign issuers through ADRs and similar investments. Furthermore, the fund can use futures, options, repurchase or reverse repurchase agreements or swap agreements, as well as other derivatives, to manage risk or to enhance return.

This Wells Fargo fund’s manager is I. Charles Rinaldi. He has been managing this Wells Fargo Advantage mutual fund since its inception in December 1997. The expense ratio of this fund is 1.35% annualy. This fund has no 12b1 fee and no front-end sales load fee. This fund has net assets of $4.11 billion.

This SSMVX fund has gotten with 4-stars rating from Morningstar. The fund total net assets are $4.1 billion. Since its inception, this fund has achieved 11 years with positive 1-year total return with the best performance in 2009 with 51.90%. It has returned 15.84% over the past year and 5.49% over the past five years. This SSMVX fund has -1.32% YTD return.

The minimum balance needed to open either brokerage account of this fund is $2,500. For the next minimum subsequent investment, you will need $100 or more. This Wells Fargo Advantage Small Cap Value Investor fund is available for purchase from a wide selection of 81 brokerages like Merrill Lynch, JP Morgan, T Rowe Price, etc.

The top sectors of this Wells Fargo fund are Energy (25.0%), Financials (18%), Materials (17%), Industrials (12%) and Information Technology (9%). The top ten holdings of this fund are Randgold Resources Limited (6.62%), Interoil Corporation (6.14%), Chimera Investment Corporation (3.25%), McMoRan Exploration Co (2.86%), Range Resources Corporation (2.59%), Chicago Bridge & Iron Company (2.43%), United Continental Holdings (1.96%), Newpark Resources Incorporated (1.58%), Ion Geophysical Corporation (1.47%) and Carpenter Technology common (1.44%).

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