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Performance as of 02-28-2010 (unless otherwise noted)

Figures quoted represent past performance, which is no guarantee of future results. Investment return, principal value and yields 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.

Performance including sales charge assumes the sales charge for the corresponding time period. 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.

The Asia Pacific, Emerging Markets Equity, International Core, International Equity, International Value, Short-Term High Yield Bond, and Strategic Income Funds have a redemption fee of 2.00% deducted from the net proceeds of shares redeemed or exchanged within 30 days after purchase. Performance data does not reflect the deduction of this fee, which, if reflected, would reduce the performance.

Investing in all mutual funds entails risk. Information about the risks of investing in a Fund is available in the Fund's prospectus.

Returns for periods of less than one year are not annualized.

Large Cap – Share Class A
  Annualized Total Returns   Expense Ratios
  Since Max
     
    Performance   Last 3 Months    YTD      1 Year     3 Year     5 Year     10 Year   Inception Sales Charge
Gross % Net % Contract Date
C&B Large Cap Value Fund
Inception 05-15-1990
 NAV  02-28-2010 1.54 0.28 57.66 -6.73 -0.28 6.28 9.13 5.75
1.39 1.15    01-31-2011
 POP  02-28-2010 -4.29 -5.48 48.71 -8.54 -1.45 5.66 8.80
 POP  12-31-2009 -2.39 20.25 20.25 -9.01 -1.68 4.58 8.86
Capital Growth Fund
Inception 11-03-1997
 NAV  02-28-2010 0.15 -3.33 45.82 -6.13 -0.14 0.00 5.41 5.75
1.32 1.25    11-30-2010
 POP  02-28-2010 -5.63 -8.91 37.39 -7.96 -1.31 -0.59 4.91
 POP  12-31-2009 1.20 27.04 27.04 -6.53 -1.38 0.58 5.27
Diversified Equity Fund
Inception 12-31-1988
 NAV  02-28-2010 0.94 -1.74 52.33 -6.95 -0.35 -0.29 8.48 5.75
1.43 1.25    01-31-2011
 POP  02-28-2010 -4.87 -7.39 43.57 -8.77 -1.52 -0.88 8.18
 POP  12-31-2009 -1.20 20.84 20.84 -8.18 -1.29 -1.14 8.34
Endeavor Select Fund
Inception 12-29-2000
 NAV  02-28-2010 -0.25 -2.90 44.01 -6.22 -0.17 -0.73 5.75
1.34 1.25    11-30-2010
 POP  02-28-2010 -5.96 -8.52 35.75 -8.06 -1.35 -1.37
 POP  12-31-2009 1.59 24.66 24.66 -6.78 -1.49 -1.07
Equity Income Fund
Inception 03-31-1989
 NAV  02-28-2010 0.16 -0.47 48.09 -8.15 -1.49 1.54 8.21 5.75
1.42 1.10    01-31-2011
 POP  02-28-2010 -5.60 -6.19 39.58 -9.94 -2.65 0.94 7.90
 POP  12-31-2009 -1.83 11.15 11.15 -10.27 -2.10 -0.33 7.99
Equity Value Fund
Inception 08-29-2003
 NAV  02-28-2010 3.95 0.63 52.78 -7.77 -0.01 4.13 5.75
1.42 1.25    01-31-2011
 POP  02-28-2010 -2.03 -5.16 43.99 -9.57 -1.19 3.19
 POP  12-31-2009 -1.10 17.22 17.22 -9.46 -0.87 3.17
Growth Equity Fund
Inception 04-30-1989
 NAV  02-28-2010 1.39 -2.80 55.62 -6.94 0.05 -0.39 8.29 5.75
1.65 1.50    01-31-2011
 POP  02-28-2010 -4.44 -8.39 46.67 -8.76 -1.12 -0.98 7.98
 POP  12-31-2009 -1.60 25.37 25.37 -7.56 -0.89 -0.48 8.20
Growth Fund
Inception 12-31-1993
 NAV  02-28-2010 4.70 -0.87 61.31 2.36 6.26 -3.97 9.53 5.75
1.35 1.30    11-30-2010
 POP  02-28-2010 -1.33 -6.57 52.05 0.36 5.01 -4.54 9.13
 POP  12-31-2009 4.23 39.03 39.03 1.88 4.49 -2.13 9.29
Index Fund
Inception 01-31-1987
 NAV  02-28-2010 1.19 -0.69 53.17 -6.29 -0.27 -0.88 7.89 5.75
0.73 0.62    01-31-2011
 POP  02-28-2010 -4.62 -6.41 44.35 -8.12 -1.45 -1.46 7.62
 POP  12-31-2009 -0.16 18.75 18.75 -8.09 -1.40 -2.09 7.70
Large Cap Appreciation Fund
Inception 08-31-2001
 NAV  02-28-2010 2.59 -0.84 38.73 -6.96 -1.59 0.22 5.75
1.60 1.23    01-31-2011
 POP  02-28-2010 -3.31 -6.54 30.76 -8.78 -2.75 -0.47
 POP  12-31-2009 0.12 15.75 15.75 -8.52 -2.41 -0.38
Large Company Core Fund
Inception 12-29-1995
 NAV  02-28-2010 1.21 -2.43 67.43 -4.92 -0.52 -3.30 5.65 5.75
1.42 1.14    11-30-2010
 POP  02-28-2010 -4.62 -8.04 57.82 -6.78 -1.70 -3.87 5.21
 POP  12-31-2009 -0.32 31.11 31.11 -6.53 -1.49 -3.46 5.46
Large Company Growth Fund
Inception 12-31-1982
 NAV  02-28-2010 -0.95 -4.01 55.98 -3.45 0.62 -3.62 9.59 5.75
1.31 1.20    01-31-2011
 POP  02-28-2010 -6.65 -9.53 47.01 -5.33 -0.56 -4.19 9.35
 POP  12-31-2009 1.20 36.73 36.73 -3.77 -0.85 -3.87 9.58
Large Company Value Fund
Inception 07-01-1993
 NAV  02-28-2010 3.57 0.98 55.67 -5.26 0.42 3.96 7.14 5.75
1.52 1.25    11-30-2010
 POP  02-28-2010 -2.41 -4.79 46.70 -7.11 -0.77 3.35 6.76
 POP  12-31-2009 -1.06 14.26 14.26 -8.03 -0.05 2.49 6.77
Social Sustainability Fund
Inception 09-30-2008
 NAV  02-28-2010 0.90 -1.76 50.22 0.35 5.75
17.37 1.25    11-30-2010
 POP  02-28-2010 -4.92 -7.37 41.55 -3.76
 POP  12-31-2009 0.39 18.13 18.13 -2.87
U.S. Value Fund
Inception 12-29-1995
 NAV  02-28-2010 2.52 0.56 53.00 -7.09 -1.37 0.79 6.29 5.75
1.48 1.25    11-30-2010
 POP  02-28-2010 -3.39 -5.23 44.26 -8.91 -2.53 0.19 5.85
 POP  12-31-2009 -0.71 15.49 15.49 -9.82 -2.34 -0.50 5.88

Mid Cap – Share Class A
  Annualized Total Returns   Expense Ratios
  Since Max
     
    Performance   Last 3 Months    YTD      1 Year     3 Year     5 Year     10 Year   Inception Sales Charge
Gross % Net % Contract Date
C&B Mid Cap Value Fund
Inception 02-18-1998
 NAV  02-28-2010 7.53 1.79 63.15 -7.92 1.24 10.46 8.29 5.75
1.47 1.20    02-28-2011
 POP  02-28-2010 1.33 -4.08 53.82 -9.71 0.05 9.81 7.76
 POP  12-31-2009 -1.90 21.54 21.54 -9.82 -0.49 9.17 7.71
Common Stock Fund
Inception 12-29-1989
 NAV  02-28-2010 7.88 2.93 69.84 0.50 6.02 4.64 12.52 5.75
1.38 1.26    02-28-2011
 POP  02-28-2010 1.66 -2.99 60.04 -1.46 4.78 4.02 12.19
 POP  12-31-2009 -1.94 33.30 33.30 -1.57 4.23 3.79 12.14
Discovery Fund
Inception 12-31-1987
 NAV  02-28-2010 8.56 0.68 57.34 -2.54 3.91 4.80 10.40 5.75
1.44 1.33    02-28-2011
 POP  02-28-2010 2.29 -5.09 48.34 -4.45 2.68 4.18 10.10
 POP  12-31-2009 0.40 30.47 30.47 -3.50 1.72 5.19 10.15
Enterprise Fund
Inception 09-30-1998
 NAV  02-28-2010 7.15 0.81 56.58 -4.50 2.40 -6.27 9.61 5.75
1.45 1.35    02-28-2011
 POP  02-28-2010 1.00 -4.98 47.59 -6.37 1.19 -6.83 9.05
 POP  12-31-2009 0.19 32.03 32.03 -5.83 0.35 -4.51 9.10
Mid Cap Disciplined Fund
Inception 12-31-1998
 NAV  02-28-2010 8.00 2.00 58.40 -4.06 2.64 8.49 11.02 5.75
1.36 1.25    02-28-2011
 POP  02-28-2010 1.79 -3.87 49.24 -5.94 1.43 7.85 10.43
 POP  12-31-2009 0.65 24.33 24.33 -6.09 1.12 8.18 10.39
Mid Cap Growth Fund
Inception 12-30-1994
 NAV  02-28-2010 8.00 1.99 73.90 -0.76 5.38 1.74 8.04 5.75
1.53 1.35    02-28-2011
 POP  02-28-2010 1.79 -3.88 63.90 -2.70 4.14 1.14 7.62
 POP  12-31-2009 1.52 45.42 45.42 -1.68 2.72 1.80 7.56
Opportunity Fund
Inception 12-31-1985
 NAV  02-28-2010 6.11 1.15 66.78 -2.85 2.63 3.28 12.05 5.75
1.37 1.29    02-28-2011
 POP  02-28-2010 0.03 -4.67 57.20 -4.75 1.42 2.67 11.78
 POP  12-31-2009 -0.67 38.78 38.78 -4.55 0.83 2.31 11.81

Small Cap – Share Class A
  Annualized Total Returns   Expense Ratios
  Since Max
     
    Performance   Last 3 Months    YTD      1 Year     3 Year     5 Year     10 Year   Inception Sales Charge
Gross % Net % Contract Date
Emerging Growth Fund
Inception 01-31-2007
 NAV  02-28-2010 6.20 -2.56 49.29 -5.33 -5.38 5.75
8.27 1.45    01-31-2011
 POP  02-28-2010 0.10 -8.16 40.70 -7.19 -7.19
 POP  12-31-2009 2.33 24.85 24.85 -6.75
Small Cap Disciplined Fund
Inception 03-28-2002
 NAV  02-28-2010 9.67 1.56 56.92 -7.73 -1.66 7.44 5.75
1.58 1.45    02-28-2011
 POP  02-28-2010 3.33 -4.26 47.85 -9.54 -2.82 6.64
 POP  12-31-2009 -0.16 18.34 18.34 -9.57 -2.74 6.57
Small Cap Growth Fund
Inception 07-13-1990
 NAV  02-28-2010 10.00 2.21 79.91 0.49 7.69 -0.92 9.98 5.75
1.52 1.40    02-28-2011
 POP  02-28-2010 3.67 -3.66 69.56 -1.48 6.42 -1.50 9.65
 POP  12-31-2009 -1.20 42.00 42.00 -1.03 4.70 -0.26 9.61
Small Cap Value Fund
Inception 12-31-1997
 NAV  02-28-2010 10.27 1.30 79.67 0.66 5.51 11.02 13.23 5.75
1.47 1.44    02-28-2011
 POP  02-28-2010 3.93 -4.54 69.38 -1.30 4.27 10.36 12.68
 POP  12-31-2009 4.50 43.06 43.06 -0.94 4.74 12.05 12.74
Small Company Growth Fund
Inception 12-31-1982
 NAV  02-28-2010 8.63 0.47 68.38 -5.91 0.18 -0.02 10.60 5.75
1.57 1.45    01-31-2011
 POP  02-28-2010 2.39 -5.31 58.69 -7.75 -1.00 -0.61 10.36
 POP  12-31-2009 -1.99 38.05 38.05 -7.70 -2.21 0.87 10.41
Small Company Value Fund
Inception 06-01-1997
 NAV  02-28-2010 8.50 0.96 100.96 -9.51 -1.18 9.11 7.50 5.75
1.57 1.45    01-31-2011
 POP  02-28-2010 2.26 -4.84 89.40 -11.28 -2.34 8.47 7.00
 POP  12-31-2009 -0.77 36.12 36.12 -10.91 -2.65 7.51 7.01
Small/Mid Cap Value Fund
Inception 03-28-2002
 NAV  02-28-2010 7.09 0.08 89.91 -4.05 2.36 6.52 5.75
1.58 1.40    02-28-2011
 POP  02-28-2010 0.96 -5.67 79.01 -5.92 1.16 5.72
 POP  12-31-2009 2.43 51.73 51.73 -5.54 1.62 5.84

International – Share Class A
  Annualized Total Returns   Expense Ratios
  Since Max
     
    Performance   Last 3 Months    YTD      1 Year     3 Year     5 Year     10 Year   Inception Sales Charge
Gross % Net % Contract Date
Asia Pacific Fund
Inception 12-31-1993
 NAV  02-28-2010 -2.76 -5.48 57.29 -6.94 4.46 2.33 3.48 5.75
2.05 1.60    01-31-2011
 POP  02-28-2010 -8.36 -10.95 48.24 -8.75 3.23 1.72 3.10
 POP  12-31-2009 -0.97 32.79 32.79 -5.70 5.65 2.59 3.50
Diversified International Fund
Inception 09-24-1997
 NAV  02-28-2010 -4.15 -5.69 50.33 -10.42 -0.21 -2.72 2.38 5.75
1.76 1.41    01-31-2011
 POP  02-28-2010 -9.68 -11.12 41.79 -12.17 -1.38 -3.29 1.90
 POP  12-31-2009 -4.13 20.24 20.24 -9.92 0.35 -2.33 2.41
Emerging Markets Equity Fund
Inception 12-31-1997
 NAV  02-28-2010 -2.78 -5.98 75.78 -0.43 7.73 8.09 11.68 5.75
2.11 1.90    01-31-2011
 POP  02-28-2010 -8.37 -11.38 65.67 -2.38 6.46 7.45 11.14
 POP  12-31-2009 0.39 54.85 54.85 -1.25 8.83 8.22 11.87
International Core Fund
Inception 09-28-2001
 NAV  02-28-2010 -2.09 -4.50 35.60 -12.80 -2.91 2.44 5.75
5.76 1.50    01-31-2011
 POP  02-28-2010 -7.69 -9.97 27.87 -14.50 -4.05 1.72
 POP  12-31-2009 -3.92 6.38 6.38 -12.56 -2.70 2.32
International Value Fund
Inception 10-31-2003
 NAV  02-28-2010 -4.00 -4.56 58.91 -11.15 -0.44 5.42 5.75
1.74 1.50    01-31-2011
 POP  02-28-2010 -9.52 -10.05 49.77 -12.88 -1.61 4.44
 POP  12-31-2009 -5.87 23.08 23.08 -10.82 0.16 5.35

Specialty – Share Class A
  Annualized Total Returns   Expense Ratios
  Since Max
     
    Performance   Last 3 Months    YTD      1 Year     3 Year     5 Year     10 Year   Inception Sales Charge
Gross % Net % Contract Date
Specialized Financial Services Fund
Inception 07-02-1962
 NAV  02-28-2010 1.33 1.83 78.89 -21.31 -9.37 -0.27 8.69 5.75
1.65 1.35    02-28-2011
 POP  02-28-2010 -4.49 -4.03 68.60 -22.85 -10.44 -0.86 8.56
 POP  12-31-2009 -8.97 13.60 13.60 -24.06 -11.24 -2.53 8.55
Specialized Technology Fund
Inception 09-18-2000
 NAV  02-28-2010 1.63 -3.86 65.69 2.65 6.07 -4.89 5.75
1.82 1.75    02-28-2011
 POP  02-28-2010 -4.15 -9.45 56.14 0.65 4.83 -5.48
 POP  12-31-2009 3.35 49.31 49.31 1.87 3.95 -5.17

Allocation – Share Class A
  Annualized Total Returns   Expense Ratios
  Since Max
     
    Performance   Last 3 Months    YTD      1 Year     3 Year     5 Year     10 Year   Inception Sales Charge
Gross % Net % Contract Date
Growth Balanced Fund
Inception 04-30-1989
 NAV  02-28-2010 1.63 -0.92 46.42 -4.27 0.73 1.87 7.75 5.75
1.33 1.20    01-31-2011
 POP  02-28-2010 -4.22 -6.62 38.01 -6.14 -0.46 1.26 7.45
 POP  12-31-2009 -0.96 21.26 21.26 -5.77 -0.39 1.33 7.56
Index Asset Allocation Fund
Inception 11-13-1986
 NAV  02-28-2010 0.20 -0.36 40.22 -4.36 0.49 1.25 7.76 5.75
1.29 1.15    01-31-2011
 POP  02-28-2010 -5.58 -6.10 32.20 -6.23 -0.69 0.65 7.48
 POP  12-31-2009 -2.91 8.57 8.57 -6.18 -0.61 0.55 7.56
Moderate Balanced Fund
Inception 04-30-1989
 NAV  02-28-2010 1.69 0.17 33.21 -1.08 1.98 3.01 7.02 5.75
1.31 1.15    01-31-2011
 POP  02-28-2010 -4.15 -5.59 25.55 -3.01 0.78 2.40 6.72
 POP  12-31-2009 -2.20 14.84 14.84 -2.87 0.68 2.43 6.76
Target 2010 Fund
Inception 03-01-1994
 NAV  02-28-2010 -0.25 0.67 21.64 1.86 3.46 2.95 6.10 5.75
1.25 1.01    06-30-2010
 POP  02-28-2010 -5.98 -5.12 14.64 -0.12 2.24 2.34 5.71
 POP  12-31-2009 -5.06 5.82 5.82 0.06 1.97 2.05 5.72
Target 2020 Fund
Inception 03-01-1994
 NAV  02-28-2010 0.67 0.24 33.45 -0.76 2.83 1.71 6.32 5.75
1.24 1.03    06-30-2010
 POP  02-28-2010 -5.10 -5.50 25.83 -2.70 1.62 1.11 5.93
 POP  12-31-2009 -4.02 12.17 12.17 -2.35 1.47 0.72 5.97
Target 2030 Fund
Inception 03-01-1994
 NAV  02-28-2010 1.70 -0.47 48.17 -2.93 2.02 0.89 6.52 5.75
1.28 1.04    06-30-2010
 POP  02-28-2010 -4.14 -6.23 39.61 -4.81 0.81 0.29 6.13
 POP  12-31-2009 -2.66 20.01 20.01 -4.21 0.84 -0.08 6.22
Target 2040 Fund
Inception 03-01-1994
 NAV  02-28-2010 2.41 -0.80 57.33 -4.02 1.83 0.04 6.75 5.75
1.31 1.05    06-30-2010
 POP  02-28-2010 -3.46 -6.53 48.33 -5.89 0.63 -0.55 6.36
 POP  12-31-2009 -1.99 24.74 24.74 -5.18 0.70 -0.96 6.48
Target Today Fund
Inception 03-01-1994
 NAV  02-28-2010 -0.70 0.90 16.13 3.52 3.94 3.95 5.22 5.75
1.27 0.98    06-30-2010
 POP  02-28-2010 -6.41 -4.92 9.45 1.51 2.72 3.34 4.84
 POP  12-31-2009 -5.58 2.79 2.79 1.50 2.37 3.13 4.83

Municipal Income – Share Class A
 
  Annualized Total Returns   Expense Ratios
  Since Max
     
    Performance   Last 3 Months    YTD      1 Year     3 Year     5 Year     10 Year   Inception Sales Charge
Gross % Net % Contract Date
California Limited-Term Tax-Free Fund
Inception 11-18-1992
 NAV  02-28-2010 1.23 1.00 6.13 3.84 3.37 3.77 3.97 3.00
0.95 0.85    10-31-2010
 POP  02-28-2010 -1.77 -1.99 2.92 2.80 2.73 3.46 3.78
 POP  12-31-2009 -2.28 5.12 5.12 2.65 2.50 3.43 3.76
California Tax-Free Fund
Inception 10-06-1988
 NAV  02-28-2010 1.81 1.56 10.54 2.86 3.60 5.22 6.21 4.50
0.88 0.80    10-31-2010
 POP  02-28-2010 -2.78 -3.02 5.53 1.29 2.65 4.73 5.98
 POP  12-31-2009 -5.78 10.26 10.26 1.09 2.54 4.70 5.95
Colorado Tax-Free Fund
Inception 06-01-1993
 NAV  02-28-2010 1.59 1.25 10.60 3.03 3.38 5.36 5.13 4.50
1.01 0.85    10-31-2010
 POP  02-28-2010 -2.98 -3.31 5.62 1.46 2.43 4.87 4.84
 POP  12-31-2009 -5.08 8.13 8.13 1.33 2.24 4.83 4.81
Intermediate Tax/AMT-Free Fund
Inception 07-31-2001
 NAV  02-28-2010 1.88 1.59 11.91 4.22 4.19 5.17 3.00
0.90 0.70    10-31-2010
 POP  02-28-2010 -1.17 -1.45 8.56 3.17 3.56 4.80
 POP  12-31-2009 -3.24 11.73 11.73 2.95 3.28 4.70
Minnesota Tax-Free Fund
Inception 01-12-1988
 NAV  02-28-2010 1.59 1.43 9.49 3.88 3.87 5.35 5.65 4.50
0.98 0.85    10-31-2010
 POP  02-28-2010 -2.98 -3.14 4.56 2.30 2.92 4.87 5.43
 POP  12-31-2009 -5.12 7.27 7.27 2.11 2.68 4.85 5.40
Municipal Bond Fund
Inception 10-23-1986
 NAV  02-28-2010 2.58 1.79 19.42 4.14 4.66 5.68 5.54 4.50
0.89 0.75    10-31-2010
 POP  02-28-2010 -2.01 -2.79 14.10 2.55 3.70 5.20 5.33
 POP  12-31-2009 -4.30 18.92 18.92 2.37 3.53 4.88 5.29
Short-Term Municipal Bond Fund
Inception 12-31-1991
 NAV  02-28-2010 1.35 0.92 8.52 3.93 3.29 3.64 3.99 3.00
0.87 0.60    10-31-2010
 POP  02-28-2010 -1.69 -2.11 5.27 2.88 2.66 3.33 3.82
 POP  12-31-2009 -2.04 7.19 7.19 2.72 2.51 3.26 3.80
Ultra Short-Term Municipal Income Fund
Inception 11-30-1995
 NAV  02-28-2010 0.72 0.40 4.36 4.04 3.58 2.83 3.14 2.00
0.85 0.67    10-31-2010
 POP  02-28-2010 -1.30 -1.61 2.28 3.34 3.16 2.62 3.00
 POP  12-31-2009 -1.45 3.69 3.69 3.40 3.11 2.60 3.00
Wisconsin Tax-Free Fund
Inception 04-06-2001
 NAV  02-28-2010 1.17 1.10 7.59 3.68 3.61 4.43 4.50
0.97 0.68    10-31-2010
 POP  02-28-2010 -3.35 -3.47 2.71 2.11 2.66 3.90
 POP  12-31-2009 -4.90 5.72 5.72 2.05 2.49 3.84

Income – Share Class A
 
  Annualized Total Returns   Expense Ratios
  Since Max
     
    Performance   Last 3 Months    YTD      1 Year     3 Year     5 Year     10 Year   Inception Sales Charge
Gross % Net % Contract Date
Government Securities Fund
Inception 10-29-1986
 NAV  02-28-2010 -0.11 1.82 6.28 6.24 5.16 6.00 6.99 4.50
0.92 0.90    09-30-2010
 POP  02-28-2010 -4.61 -2.76 1.50 4.63 4.19 5.52 6.78
 POP  12-31-2009 -4.62 -1.08 -1.08 4.45 3.80 5.42 6.74
High Income Fund
Inception 12-28-1995
 NAV  02-28-2010 3.09 0.70 28.60 3.47 4.78 3.97 6.46 4.50
1.07 0.90    09-30-2010
 POP  02-28-2010 -1.55 -3.83 22.81 1.89 3.82 3.49 6.12
 POP  12-31-2009 -0.13 27.12 27.12 2.39 3.96 3.56 6.14
Income Plus Fund
Inception 07-13-1998
 NAV  02-28-2010 1.13 2.06 14.55 6.86 5.74 6.23 5.27 4.50
1.07 0.90    09-30-2010
 POP  02-28-2010 -3.40 -2.50 9.44 5.22 4.78 5.75 4.86
 POP  12-31-2009 -3.40 6.83 6.83 5.12 4.39 5.47 4.74
Inflation-Protected Bond Fund
Inception 02-28-2003
 NAV  02-28-2010 -1.60 0.53 11.73 5.10 3.99 4.29 4.50
0.99 0.85    09-30-2010
 POP  02-28-2010 -6.03 -3.99 6.70 3.50 3.03 3.61
 POP  12-31-2009 -2.77 4.26 4.26 4.07 2.82 3.62
Short Duration Government Bond Fund
Inception 12-18-1992
 NAV  02-28-2010 0.10 0.95 5.84 5.53 4.58 4.65 5.11 3.00
0.95 0.85    09-30-2010
 POP  02-28-2010 -2.91 -2.08 2.66 4.46 3.94 4.33 4.92
 POP  12-31-2009 -3.07 3.72 3.72 4.48 3.71 4.28 4.91
Short-Term Bond Fund
Inception 08-31-1987
 NAV  02-28-2010 1.63 1.74 9.97 4.68 4.31 3.76 5.53 3.00
0.96 0.80    09-30-2010
 POP  02-28-2010 -1.42 -1.31 6.67 3.62 3.67 3.45 5.39
 POP  12-31-2009 -1.65 6.08 6.08 3.37 3.29 3.35 5.35
Short-Term High Yield Bond Fund
Inception 06-30-1997
 NAV  02-28-2010 2.33 1.14 11.89 3.92 4.26 3.80 4.68 3.00
1.14 0.81    09-30-2010
 POP  02-28-2010 -0.74 -1.90 8.53 2.87 3.63 3.49 4.43
 POP  12-31-2009 -1.19 11.88 11.88 2.84 3.46 3.44 4.40
Stable Income Fund
Inception 11-11-1994
 NAV  02-28-2010 2.73 1.87 9.74 1.77 2.48 2.98 3.92 2.00
0.92 0.85    09-30-2010
 POP  02-28-2010 0.68 -0.17 7.54 1.09 2.06 2.77 3.78
 POP  12-31-2009 -0.19 5.98 5.98 0.73 1.70 2.63 3.70
Strategic Income Fund
Inception 11-30-2000
 NAV  02-28-2010 3.35 0.91 40.03 3.36 4.85 7.95 4.50
1.48 1.10    09-30-2010
 POP  02-28-2010 -1.30 -3.63 33.73 1.79 3.89 7.41
 POP  12-31-2009 0.40 35.96 35.96 2.25 4.06 7.44
Total Return Bond Fund
Inception 06-30-1997
 NAV  02-28-2010 0.64 2.12 12.82 6.78 5.50 6.54 6.34 4.50
0.87 0.85    09-30-2010
 POP  02-28-2010 -3.89 -2.48 7.75 5.15 4.54 6.05 5.96
 POP  12-31-2009 -4.05 6.08 6.08 4.94 4.12 5.96 5.86
Ultra Short-Term Income Fund
Inception 11-25-1988
 NAV  02-28-2010 1.86 1.31 9.06 1.62 2.71 2.76 4.79 2.00
0.97 0.70    09-30-2010
 POP  02-28-2010 -0.17 -0.71 6.88 0.94 2.30 2.56 4.70
 POP  12-31-2009 -0.42 6.49 6.49 0.79 2.13 2.50 4.67

Figures quoted represent past performance, which is no guarantee of future results.Investment returns will fluctuate. The Fund's yield figures more closely reflect the current earnings of the Fund than the total return figures. Current performance may be lower or higher than the performance data quoted.

Money market funds are sold without a front-end sales charge or contingent deferred sales charge. Other fees and expenses apply to an investment in the Fund and are described in the Fund's current prospectus.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Wells Fargo Advantage Money Market Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund.

Returns for periods of less than one year are not annualized.

Money Market Yields as of 03-12-2010 – Share Class A
 
      Annualized Total Returns   Expense Ratios
  7-Day 7-Day Current Last 3     Since Max
     
    Current     Unsubsidized     Months      YTD      1 Year     3 Year     5 Year     10 Year   Inception Sales Charge
Gross % Net % Contract Date
100% Treasury Money Market Fund
Inception 12-03-1990
0.01 -0.70 0.00 0.00 0.03 1.52 2.29 2.18 3.18
0.82 0.65    06-30-2010
California Municipal Money Market Fund
Inception 01-01-1992
0.01 -0.61 0.00 0.00 0.02 1.36 1.77 1.54 2.02
0.83 0.65    06-30-2010
Government Money Market Fund
Inception 11-16-1987
0.01 -0.45 0.00 0.00 0.01 1.85 2.62 2.42 3.94
0.63 0.63    06-30-2010
Minnesota Money Market Fund
Inception 08-14-2000
0.01 -0.64 0.00 0.00 0.08 1.36 1.74 1.48
0.88 0.80    06-30-2010
Money Market Fund
Inception 07-01-1992
0.01 -0.55 0.00 0.00 0.04 2.07 2.72 2.46 3.28
0.80 0.76    06-30-2010
National Tax-Free Money Market Fund
Inception 01-07-1988
0.01 -0.41 0.00 0.00 0.05 1.42 1.84 1.68 2.65
0.65 0.65    06-30-2010
Treasury Plus Money Market Fund
Inception 10-01-1985
0.01 -0.49 0.00 0.00 0.01 1.58 2.41 2.30 4.11
0.64 0.64    06-30-2010

The adviser has committed to certain fee waivers and/or expense reimbursements. Without these reductions, the Fund's returns would have been lower. These reductions may be discontinued.

Performance for certain Wells Fargo Advantage Funds® (each a "Fund") reflects a predecessor fund's performance and may be adjusted to reflect the Fund's sales charges and/or expenses. Predecessor fund performance may include performance of an unregistered collective investment fund that was not subject to the same requirements and restrictions as the Fund. Predecessor fund information can be found in each Fund's prospectus.

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