Wells Fargo Advantage Growth Fund: Holdings Fared Better Than Headlines Would Suggest

Despite the relatively bleak economic news worldwide over the past three months, many holdings of the Wells Fargo Advantage Growth Fund reported positive growth trends in the U.S. and mixed results in Europe, the fund's managers wrote in their second-quarter letter to shareholders, released this week.

The fund lost 6.6 percent for the second quarter, slightly more than the 4 percent decline in its benchmark, the Russell 3000 Growth Index. For the year, the fund has gained 11.5 percent, above the index return of 9.9 percent. Over the past three years the fund has climbed 25 percent vs. the index gain of 17.5 percent.

To read their quarterly commentary, click here.

Wells Fargo Advantage Growth is a component of the Bradway Strategic Portfolio, which consists primarily of investments with top money managers.