Wells Fargo C&B Large Cap Value Fund - Class Admin
CBLLX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 525 Market Street San Francisco CA United States of America 94105
- IPO Date
- Jul 26, 2004
- CIK
- 0001081400
- Similar Companies
- Business
- Wells Fargo C&B Large Cap Value Fund - Class Admin (CBLLX) is a mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of large-capitalization companies, with at least 80% of its net assets allocated to large-cap value stocks that are fundamentally undervalued, slower-growing, or trading at discounts relative to peers across diversified sectors including financials, industrials, consumer discretionary, information technology, consumer staples, energy, communication services, materials, real estate, and utilities. The fund operates as a feeder fund, investing substantially all of its assets in a master portfolio, and emphasizes a value-oriented strategy focusing on domestic stocks (approximately 90% allocation) with some exposure to non-U.S. equities (around 9%), cash investments (about 1%), and a market capitalization breakdown spanning giant cap (26%), large cap (47%), medium cap (25%), and small cap (1%). It targets investors seeking exposure to large-value portfolios, categorized by Morningstar as Large Value, and is part of the Wells Fargo Funds Trust managed under Allspring Global Investments. Established with an inception date of July 26, 2004, the fund is headquartered in San Francisco, California, the principal location of Wells Fargo's corporate offices at 420 Montgomery Street, with broader operational support across U.S. locations including Charlotte, North Carolina, and Minneapolis, Minnesota. Geographically, it primarily invests in U.S.-listed large-cap equities, serving institutional and retail investors through various share classes including Class Admin (CBLLX), Class A (CBEAX), and others, with distribution via platforms like Schwab and Yahoo Finance. In a significant strategic shift effective March 15, 2024, the fund modified its principal investment strategy and process while maintaining its core objective, alongside approving a new sub-advisory agreement with Allspring Investments, replacing the prior arrangement with Cooke & Bieler subadvisor; this aligns the portfolio more closely with Allspring's Special Large Cap Value Fund managed by the same team. The Master Trust Board reviewed performance, strategy alignment, and other factors in approving these changes during a meeting, reflecting efforts to enhance investment processes amid ongoing portfolio turnover of approximately 36%. No major acquisitions, funding rounds, or partnerships specific to CBLLX have been reported in the last 1-2 years, though the fund continues to operate within Wells Fargo's broader asset management ecosystem now transitioned under Allspring Global Investments branding.