ESIDX - Wells Fargo Advantage Intl Bd Admin

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Wells Fargo Advantage Intl Bd Admin (ESIDX)
Expense Ratio: 0.85%
Expected Lifetime Fees: $25,708.96

The Wells Fargo Advantage Intl Bd Admin fund (ESIDX) is a World Bond fund started on 07/30/2010 and has $1.70 billion in assets under management. The current manager has been running Wells Fargo Advantage Intl Bd Admin since 01/6/1994. The fund is rated by Morningstar. This fund does not charge 12b-1 fees.

MarketRiders Prefers The Following ETF

SPDR Barclays Capital Intl Treasury Bond (BWX)
Expense Ratio: 0.52%
Expected Lifetime Fees: $16,279.01

The SPDR Barclays Capital Intl Treasury Bond (BWX) is an Exchange Traded Fund. It is a "basket" of securities that index the World Bond investment strategy and is an alternative to a World Bond mutual fund. Fees are very low compared to a comparable mutual fund like Wells Fargo Advantage Intl Bd Admin because computers automatically manage the stocks.

The Following World Bond Funds Have Lower Fees Than Wells Fargo Advantage Intl Bd Admin (ESIDX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
Aberdeen Asia Bond Fund Institutional Class CSABX 71.2% 465 0.70%
AllianceBern Global Bond Adv ANAYX 65.0% 3,300 0.64%
AllianceBern Global Bond I ANAIX 65.0% 3,300 0.58%
American Century International Bd Instl AIDIX 44.0% 1,400 0.61%
American Century International Bd Inv BEGBX 44.0% 1,400 0.81%
American Funds Capital World Bond F-2 BFWFX 95.0% 12,800 0.63%
American Funds Capital World Bond R5 RCWFX 95.0% 12,800 0.58%
American Funds Capital World Bond R6 RCWGX 95.0% 12,800 0.53%
BlackRock Intl Bond BlackRock BIBBX 82.0% 241 0.80%
DFA Five-Year Global Fixed-Income I DFGBX 67.0% 5,800 0.28%
DFA Selectively Hedged Global F/I Instl DFSHX 51.0% 796 0.19%
DFA Two-Year Global Fixed-Income I DFGFX 71.0% 4,800 0.18%
Dreyfus International Bond I DIBRX 213.5% 1,600 0.75%
Dreyfus/Standish Global Fixed Income I SDGIX 267.1% 227 0.67%
Dreyfus/Standish International Fxd-Inc I SDIFX 218.7% 100 0.76%
DWS Enhanced Global Bond S SST1Z 197.0% 154 0.84%
DWS Enhanced Global Bond S SSTGX 197.0% 154 0.84%
Goldman Sachs Global Income Instl GSGLX 333.0% 752 0.69%
Hartford World Bond Fund Class I HWDIX 50.0% 303 0.70%
ING Global Bond I IGBIX 440.0% 681 0.61%
ING Global Bond W IGBWX 440.0% 681 0.65%
Ivy Global Bond I IVSIX 26.0% 238 0.74%
Laudus Mondrian Intl Fixed Income LIFNX 68.0% 920 0.70%
Legg Mason BW Global Opportunities Bond Fund Class I GOBIX 63.0% 1,500 0.64%
Legg Mason BW Global Opps Bd IS GOBSX 63.0% 1,500 0.64%
Loomis Sayles Global Bond Instl LGB1Z 84.0% 2,300 0.67%
Loomis Sayles Global Bond Instl LSGBX 84.0% 2,300 0.67%
Oppenheimer International Bond Y OIBYX 80.0% 12,300 0.73%
PIMCO Foreign Bond (Unhedged) Adm PFUUX 486.0% 5,000 0.75%
PIMCO Foreign Bond (Unhedged) I PFUIX 486.0% 5,000 0.50%
PIMCO Foreign Bond (Unhedged) P PFUPX 486.0% 5,000 0.60%
PIMCO Foreign Bond (USD-Hedged) Adm PFRAX 355.0% 5,100 0.75%
PIMCO Foreign Bond (USD-Hedged) I PFORX 355.0% 5,100 0.50%
PIMCO Foreign Bond (USD-Hedged) P PFBPX 355.0% 5,100 0.60%
PIMCO Global Advantage Strategy Bd Instl PSAIX 415.0% 4,500 0.70%
PIMCO Global Bond (Unhedged) Instl PIGLX 267.0% 1,200 0.55%
PIMCO Global Bond (USD-Hedged) Adm PGDAX 348.0% 343 0.80%
PIMCO Global Bond (USD-Hedged) I PGBIX 348.0% 343 0.55%
SA Global Fixed Income SAXIX 15.0% 567 0.80%
T. Rowe Price Instl Intl Bond RPIIX 49.5% 143 0.55%
T. Rowe Price International Bond RPIBX 35.7% 5,000 0.83%
Templeton Global Bond Adv TGBAX 26.4% 57,500 0.64%
Templeton Global Total Return Adv TTRZX 15.8% 3,600 0.80%
Templeton International Bond Adv FIBZX 16.9% 297 0.76%
Wells Fargo Advantage Intl Bond Instl ESICX 88.0% 1,700 0.69%
Western Asset Non-U.S. Opp Bond I WAFIX 132.0% 103 0.65%

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Why Are These Metrics Important?

Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.