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Wells Fargo Asset Management

PRI reporting framework 2020

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Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Select the services and funds you offer
% of asset under management (AUM) in ranges
Fund management
Fund of funds, manager of managers, sub-advised products
Other
Total 100%

Further options (may be selected in addition to the above)

01.2. Additional information. [Optional]

Starting this year, this report is based on the activities of Wells Fargo Asset Management, not including Galliard Capital Management, Inc. (“Galliard”).

Prior to this, Wells Capital Management Incorporated was signatory to the PRI. Galliard is separately a signatory of the PRI, remains so, and submits a separate report.

Note: Wells Fargo Asset Management ("WFAM") is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company, excluding Galliard Capital Management, Inc.

Wells Fargo Asset Management is a leading global investment management firm focused on institutional clients. Our independent teams provide a broad range of investment solutions across multiple asset classes and investment styles within three main categories: equity, fixed income, multi-asset class solutions. Our business model offers our clients independent and specialized investment teams that have the centralized resources of a leading investment management firm with scale and expertise including independent investment risk management oversight, compliance, operations, technology, client service and distribution. We are able to offer our clients an extensive product line-up featuring well over 100 different equity and fixed income solutions managed by investment professionals. We continually strive to maintain well-staffed and dedicated investment management teams with global capabilities to ensure that WFAM is strategically equipped to provide the right portfolio management and client service solutions to our valued clients.

At WFAM we have built our philosophy, policies, and processes around delivering on client and community expectations in a responsible and sustainable way. Environmental, social, governance (ESG), and other considerations that extend beyond conventional financial statement analysis have long been a core part of how our portfolio management teams evaluate investment opportunities. We believe ESG information enables us to better understand and assess the investments we make. Our investment teams integrate material ESG considerations into their investment processes in ways that are consistent with their asset classes and strategies. Our commitment and experience with bottom-up issuer, market, and policy analysis is leveraged across the firm to identify risks and opportunities while providing clients with portfolios better aligned with their preferences on these issues. We believe incorporating ESG issues and serving as responsible stewards of the assets we manage ultimately leads to better investment outcomes for our clients.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United States

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

1508 FTE

02.4. Additional information. [Optional]


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.2. List your subsidiaries that are separate PRI signatories and indicate if you would like to report their RI activities in your organisation’s consolidated report.

Name of PRI signatory subsidiary

(Up to six subsidiaries may be reported)

RI implementation reported here
on a consolidated basis
          Galliard Capital Management, Inc.
        
          
        
          
        
          
        
          
        
          
        

03.3. Additional information. [Optional]

Wells Fargo Asset Management (“WFAM”) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company, excluding Galliard Capital Management, Inc. (“Galliard”). Galliard is separately a signatory of the PRI. This PRI report is on behalf of WFAM and excludes Galliard.


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2019

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.3. Indicate the total AUM of subsidiaries you have excluded from your report (as named in OO 03.2 under “No”). Provide this figure based on the end of your reporting year

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Indicate the assets which are subject to an execution and/or advisory approach. Provide this figure based on the end of your reporting year

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.5. Additional information. [Optional]


OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 10-50% 23 <10% 1
Fixed income 10-50% 43 0 0
Private equity 0 0 0 0
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Fund of hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Money market instruments 10-50% 31 0 0
Other (1), specify <10% 2 0 0
Other (2), specify 0 0 0 0

`Other (1)` specified

          Balanced assets, alternatives, and securities lending
        

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]


OO 07. Fixed income AUM breakdown (Private)


OO 08. Segregated mandates or pooled funds (Private)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

96 Developed Markets
4 Emerging Markets
0 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]


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