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Common Stock Fund – Share Class A
All information on this page is as of 09-07-2010 unless otherwise noted.
Ticker SCSAX
CUSIP 949915441
NAV $17.11
$ Change $-0.28
% Change -1.61%
YTD Return 4.27%
Inception Date 12-29-1989
Net Fund Assets as of 07-31-2010$886,251,203.58
Fund Notes
  • Read the Fund's Quarterly Report (pdf)  
  • Class B shares are closed to new investors and additional investments from existing shareholders.  

   
 
Morningstar® Style Box
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Select a Share Class  
Net Asset Value (NAV) as of 09-07-2010 – Share Class A
NAV $17.11
$ Change $-0.28
% Change -1.61%
Cumulative & Annualized Total Returns 1 – Share Class A
   Annualized Total Returns 
Performance Type   Last 3 Months   Year To Date   1-Year   3-Year   5-Year   10-Year   Since Inception
NAV as of 07-31-2010 -6.87% 6.58% 21.98% -0.60% 5.21% 5.29% 12.44%
POP as of 07-31-2010 -12.24% 0.46% 14.94% -2.55% 3.98% 4.67% 12.12%
POP as of 06-30-2010 -13.61% -5.23% 17.87% -5.37% 3.91% 3.83% 11.86%

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. Performance shown without sales charges would be lower if sales charges were reflected. Current performance may be lower or higher than the performance data quoted.

Public offering price (POP) is the price of one share of a fund including any sales charges. Net asset value (NAV) is the value of one share of the fund excluding any sales charges. Had sales charges been included, performance would be lower. Returns for periods of less than one year are not annualized.

For Class A shares, the maximum front-end sales charge is 5.75%. Performance including sales charge assumes the sales charge for the corresponding time period.


Expenses – Share Class A
Net Expense Ratio
effective since 03-01-2010
1.26%
 
Gross Expense Ratio 1.38%

The adviser has committed to waive fees and/or reimburse expenses to maintain the Fund's net expense ratio as shown, excluding acquired fund fees. The contractual waiver end date for class A, B, C and Investor is 2-28-11 and for Administrator and Institutional Class shares is 1-31-12. Without these reductions, the Fund's returns would have been lower, and the rankings and ratings may have been lower.


Commissions & Breakpoints  (Excludes no-load share classes.) Click here to view
Morningstar Rating 2 – Share Class A   Lipper Total Return Rankings – Share Class A
Based on risk-adjusted returns as of 07-31-2010
Category Mid-Cap Growth
Overall (out of 695 funds)
3-Year (out of 695 funds)
5-Year (out of 606 funds)
10-Year (out of 358 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 07-31-2010
Category Mid-Cap Core Funds
1 - Year 102 out of 398
3 - Year 29 out of 329
5 - Year 15 out of 260

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


Benchmark Returns3,4 as of 07-31-2010
   Average Annual Total Returns 
Performance Type   Last 3 Months   Year To Date      1-Year         3-Year         5-Year         10-Year   
Russell 2500 Index -8.01% 5.23% 21.77% -4.00% 1.20% 5.14%
Lipper Mid-Cap Core Funds Average -7.65% 3.32% 19.26% -5.54% 0.80% 3.15%
Calendar Year Returns1 – Share Class A
Calendar Year Return

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

 

1 Class A, Class B, and Class C shares incepted on November 30, 2000. Performance shown prior to April 11, 2005, for the Class A, Class B, and Class C shares reflects the performance of the Class A, Class B, and Class C shares, respectively, of the Strong Advisor Common Stock Fund, the predecessor fund, adjusted to reflect Class A, Class B, and Class C sales charges, as applicable. Performance shown prior to the inception of Class A, Class B, and Class C reflects the performance of the Class Z shares of the predecessor fund, adjusted to reflect Class A, Class B, and Class C sales charges and expenses, as applicable.

2 Please note, some of the Morningstar proprietary calculations, including the Morningstar Rating™, are not customarily calculated based on adjusted historical returns; however, in some cases, the investment's independent Morningstar Rating metric is compared against the retail mutual fund universe breakpoints to determine its hypothetical rating. The evaluation of this investment does not affect the retail mutual fund data published by Morningstar. 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, unless otherwise indicated), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. (Each share class is counted as a fraction of one fund within this scale and is rated separately, which may cause slight variations in the distribution percentages.) Past performance is no guarantee of future results.

3 Russell 2500TM Index measures the performance of the 2,500 smallest companies in the Russell 3000® Index, which represents approximately 16% of the total market capitalization of the Russell 3000 Index. You cannot invest directly in an index.

4 The Lipper Mid-Cap Core Funds Average is an average of funds which invest at least 75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) of less than 300% of the dollar weighted median market capitalization 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 MidCap 400 Index. The total return of the Lipper Average does not include the effect of sales charges. You cannot invest directly in a Lipper Average.


This Web site is accompanied by current prospectuses for Wells Fargo Advantage Funds®, an EdVestSM program description(PDF), and a tomorrow's scholar® program description(PDF).

For 529 plans, an investor's or a designated beneficiary's home state may offer state tax or other benefits that are only available for investments in that state's qualified tuition program. Please consider this before investing.

Not FDIC Insured • No Bank Guarantee • May Lose Value