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4- and 5-Star Funds


The following tables list all Wells Fargo Advantage Funds® with Class A and Investor Class shares that currently have a four- or five-star Overall Morningstar Rating™. For more complete information on any of the funds listed below, click the fund name to view a fund summary. Or download a prospectus for any of the funds. The following Morningstar ratings are based on risk-adjusted return and are as of 5-31-2010.

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

The Overall Star Rating, a weighted-average of the three-, five-, and ten-year (if applicable) ratings, is based on risk-adjusted return as of 5-31-2010.


MORNINGSTAR RATINGS – CLASS A SHARES

  Overall 3 Year 5 Year 10 Year Morningstar Category


Common Stock
out of 693 funds

out of 693 funds

out of 604 funds

out of 343 funds
Mid-Cap Growth


Growth
out of 1553 funds

out of 1553 funds

out of 1301 funds

out of 727 funds
Large Growth


Mid Cap Disciplined
out of 368 funds

out of 368 funds

out of 309 funds

out of 161 funds
Mid-Cap Blend


Municipal Bond
out of 259 funds

out of 259 funds

out of 241 funds

out of 206 funds
Muni National Long


Short-Term Municipal Bond
out of 125 funds

out of 125 funds

out of 119 funds

out of 67 funds
Muni National Short


Small Cap Growth*
out of 668 funds

out of 668 funds

out of 549 funds

out of 318 funds
Small Growth


Small Cap Value
out of 569 funds

out of 569 funds

out of 477 funds

out of 252 funds
Small Blend


Specialized Technology
out of 186 funds

out of 186 funds

out of 177 funds
NA Technology





MORNINGSTAR RATINGS – INVESTOR CLASS SHARES

  Overall 3 Year 5 Year 10 Year Morningstar Category


Common Stock
out of 693 funds

out of 693 funds

out of 604 funds

out of 343 funds
Mid-Cap Growth


Discovery
out of 693 funds

out of 693 funds

out of 604 funds

out of 343 funds
Mid-Cap Growth


Government Securities
out of 330 funds

out of 330 funds

out of 310 funds

out of 230 funds
Intermediate Government


Growth
out of 1553 funds

out of 1553 funds

out of 1301 funds

out of 727 funds
Large Growth


Income Plus
out of 1000 funds

out of 1000 funds

out of 878 funds

out of 510 funds
Intermediate-Term Bond


Intermediate Tax/AMT-Free
out of 208 funds

out of 208 funds

out of 185 funds
NA Muni National Interm


Mid Cap Disciplined
out of 368 funds

out of 368 funds

out of 309 funds

out of 161 funds
Mid-Cap Blend


Mid Cap Growth
out of 693 funds

out of 693 funds

out of 604 funds

out of 343 funds
Mid-Cap Growth


Municipal Bond
out of 259 funds

out of 259 funds

out of 241 funds

out of 206 funds
Muni National Long


Short-Term Municipal Bond
out of 125 funds

out of 125 funds

out of 119 funds

out of 67 funds
Muni National Short


Small Cap Growth*
out of 668 funds

out of 668 funds

out of 549 funds

out of 318 funds
Small Growth


Small Cap Value
out of 569 funds

out of 569 funds

out of 477 funds

out of 252 funds
Small Blend


Specialized Technology
out of 186 funds

out of 186 funds

out of 177 funds
NA Technology


Target 2010
out of 157 funds

out of 157 funds

out of 54 funds
NA Target Date 2000-2010


Target 2020
out of 142 funds

out of 142 funds

out of 58 funds

out of 9 funds
Target Date 2016-2020


Target 2030
out of 142 funds

out of 142 funds

out of 58 funds
NA Target Date 2026-2030


Target 2040
out of 125 funds

out of 125 funds

out of 53 funds
NA Target Date 2036-2040


Target Today
out of 94 funds

out of 94 funds

out of 61 funds
NA Retirement Income


Total Return Bond
out of 1000 funds

out of 1000 funds

out of 878 funds

out of 510 funds
Intermediate-Term Bond


Wisconsin Tax-Free
out of 236 funds

out of 236 funds

out of 229 funds
NA Muni Single State Interm


*Closed to new investors.


Investor Class shares are sold without a front-end sales charge or contingent deferred sales charge. The maximum front-end sales charge is 5.75% for Class A shares of the Common Stock, Growth, Mid Cap Disciplined, Small Cap Growth, Small Cap Value, and Specialized Technology Funds. The maximum front-end sales charge is 4.50% for class A shares of the Municipal Bond Fund. The maximum front-end sales charge is 3.00% for class A shares of the Short-Term Municipal Bond Fund. Performance including sales charge assumes the sales charge for the corresponding time period. Other fees and expenses apply to an investment in the Fund and are described in the Fund's current prospectus.

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

The U.S. Government guarantee applies to certain of the underlying securities and not to shares of the Government Securities Fund.

A portion of the Intermediate Tax/AMT-Free, Municipal Bond, Short-Term Municipal Bond, and Wisconsin Tax-Free Funds' income may be subject to federal, state, and/or local income taxes or the alternative minimum tax (AMT). Any capital gains distributions may be taxable.

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 information can be found in each Fund's prospectus.

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 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.) Morningstar Ratings are for the specified share class only; other share classes may have different performance characteristics. Past performance is no guarantee of future results.
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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