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Small Cap Opportunities Fund – Share Class Administrator
All information on this page is as of 05-23-2013 unless otherwise noted.
Ticker NVSOX
CUSIP 94975G488
NAV $37.99
$ Change $0.03
% Change 0.08%
YTD Return 15.89%
Inception Date 08-01-1993
Net Fund Assets as of 04-30-2013$646,682,528.41
Fund Notes
  • Read the fund's Quarterly Update (pdf)  
  • The Small Cap Opportunities Fund is closed to new investors; however, you may purchase Administrator shares under limited circumstances. Please refer to the SAI for additional details.  

   
 
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Net Asset Value (NAV) as of 05-23-2013 – Share Class Administrator
NAV $37.99
$ Change $0.03
% Change 0.08%
Cumulative & Annualized Total Returns 1 – Share Class Administrator
   Annualized Total Returns 
Performance Type   Last 3 Months   Year To Date   1-Year   3-Year   5-Year   10-Year   Since Inception
NAV as of 04-30-2013 4.90% 11.10% 15.03% 9.80% 6.25% 12.51% 12.88%
NAV as of 03-31-2013 11.29% 11.29% 14.45% 11.22% 7.34% 13.05% 12.95%

Figures quoted represent past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains.

Net asset value (NAV) is the value of one share of the fund excluding any sales charges. Returns for periods of less than one year are not annualized.

Administrator Class shares are sold without a front-end sales charge or contingent deferred sales charge.


Expenses – Share Class Administrator
Net Expense Ratio
effective since 03-01-2013
1.22%
 
Gross Expense Ratio 1.24%

The advisor has committed, through 2-28-14, to waive fees and/or reimburse expenses to the extent necessary to cap the fund's total annual fund operating expenses after fee waiver, excluding certain expenses, at 1.20%. Without this cap, the fund's returns would have been lower.


Commissions & Breakpoints  (Excludes no-load share classes.) Click here to view
Morningstar Rating 2 – Share Class Administrator   Lipper Total Return Rankings – Share Class Administrator
Based on risk-adjusted returns as of 04-30-2013
Category Small Growth
Overall (out of 638 funds)
3-Year (out of 638 funds)
5-Year (out of 563 funds)
10-Year (out of 369 funds)

The Overall Morningstar Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and ten-year (if applicable) ratings.

 
as of 04-30-2013
Category Lipper Small-Cap Core Funds
1 - Year 411 out of 716
3 - Year 438 out of 638
5 - Year 343 out of 564
10 - Year 23 out of 340

Lipper rankings do not include the effects of sales charges. Past performance is no guarantee of future results.


Benchmark Returns3,4 as of 04-30-2013
   Average Annual Total Returns 
Performance Type   Last 3 Months   Year To Date      1-Year         3-Year         5-Year         10-Year   
Lipper Small-Cap Core Funds Average 4.85% 11.19% 15.47% 10.78% 6.81% 10.27%
Russell 2000 Index 5.38% 11.98% 17.69% 11.25% 7.27% 10.47%
Calendar Year Returns1 – Share Class Administrator
Calendar Year Return

Does not include sales charges, and assumes reinvestment of dividends and capital gains.

 

1 Prior to April 11, 2005, the Wells Fargo Advantage Small Cap Opportunities Fund – Administrator Class was named the Wells Fargo Small Cap Opportunities Fund – Institutional Class. Performance for Administrator Class shares of the Fund prior to November 8, 1999 reflects the performance of the Institutional Class shares of the Norwest Advantage Small Cap Opportunities Fund, its predecessor fund. Predecessor fund information can be found in the Fund's prospectus, statement of additional information or annual report.

2 For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Past performance is no guarantee of future results.

3 The Lipper Small-Cap Core Funds Average is an average of funds that invest at least 75% of their equity assets in companies with market capitalizations (on a three year weighted basis) of less than 250% of the dollar weighted median market capitalization of the smallest 500 of the middle 1,000 securities of the S&P SuperComposite 1500 Index. These funds typically have an average price-to-earnings ratio, price-to-book ratio and three-year sales-per-share growth value, compared to the S&P SmallCap 600 Index. The total return of the Lipper Average does not include the effect of sales charges. You cannot invest directly in a Lipper Average.

4 Russell 2000® Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index, which represents approximately 8% of the total market capitalization of the Russell 3000 Index. You cannot invest directly in an index.


 

Not FDIC Insured • No Bank Guarantee • May Lose Value