Wells Fargo Intrinsic World Equity Fund - Class Inst
EWENX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
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
- Jan 2, 2019
- CIK
- 0001081400
- Similar Companies
- Business
- Wells Fargo Intrinsic World Equity Fund - Class Inst (EWENX) is an open-end mutual fund that sought long-term capital appreciation by investing at least 80% of its net assets in equity securities of companies located in developed and emerging market countries outside the United States; between 30% and 70% of the fund's total assets in equity securities of U.S. companies; and up to 20% of the fund's total assets in emerging market equities. The fund focused on undervalued international and global equities with positive business dynamics, emphasizing smaller-capitalization companies and those exhibiting improving fundamentals relative to peers, while managing downside risk through rigorous valuation and risk controls. It targeted institutional investors, retirement plans, endowments, and high-net-worth individuals through share classes including Institutional (EWENX), Class A (EWEAX), Class C (EWECX), and Administrative (EWEIX). Offered by Wells Fargo Funds Trust, part of Wells Fargo Asset Management (WFAM), the fund operated within the foreign large blend category, with geographic exposure spanning developed markets in Europe, Asia-Pacific, and Japan; emerging markets in Latin America, Asia, and Africa; and a U.S. component for diversification. Headquartered in San Francisco, California, under Wells Fargo & Company (founded 1852), WFAM managed a broad range of equity, fixed income, and multi-asset strategies globally prior to its 2021 divestiture. In a major strategic change, the Wells Fargo Funds Board of Trustees approved the liquidation of the fund in early 2021 due to concerns over its long-term viability and insufficient assets under management. Effective March 1, 2021, the fund closed to new investors and most purchases from existing shareholders, with exceptions for certain retirement and benefit plans; full liquidation occurred on April 23, 2021, following a final capital gains distribution on April 22, 2021, estimated at $11.00-$13.00 per share (41-48% of NAV). Concurrently, WFAM was acquired by GTCR LLC and Reverence Capital Partners for $2.1 billion and rebranded as Allspring Global Investments in November 2021, with Wells Fargo retaining a 9.9% stake and serving as a distribution partner; Allspring relocated its headquarters to Charlotte, North Carolina, in 2022. The EWENX ticker is now defunct.