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Month-End Performance

Wells Fargo Advantage Funds® – Share Class Investor
Quotes as of 7-31-10

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. Current performance may be lower or higher than the performance data quoted.

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

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

Prior to June 1, 2010, the Intrinsic Small Cap Value Fund was named the Small Cap Disciplined Fund. For more information, read the fund's prospectus.

Prior to March 1, 2010, the Diversified International Fund was named the International Equity Fund. For more information, read the fund's prospectus.

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

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  INTERNATIONAL STOCK & SPECIALTY FUNDS – Share Class Investor  


             
 Average Annual Total Returns % 
     
    YTD %     1 Yr     3 Yr     5 Yr     10 Yr     Life     Inception  


  Asia Pacific   -3.07   7.65   -9.88   4.71   5.88   3.54   12-31-93  


  Diversified International
(formerly International Equity)
  -4.36   6.27   -11.98   0.25   -2.22   1.71   09-24-97  


  Specialized Technology   2.33   22.04   0.51   6.46   --   -4.21   09-18-00  


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  SMALL/MID CAP STOCK FUNDS – Share Class Investor  


             
 Average Annual Total Returns % 
     
    YTD %     1 Yr     3 Yr     5 Yr     10 Yr     Life     Inception  


  C&B Mid Cap Value   2.90   17.12   -8.00   -0.01   8.00   8.13   02-18-98  


  Common Stock   6.57   21.91   -0.65   5.19   5.41   12.72   12-29-89  


  Discovery   8.92   24.52   -3.39   3.66   5.33   10.56   12-31-87  


  Emerging Growth   1.86   19.05   -7.39   --   --   -3.52   01-31-07  


  Enterprise   2.84   16.86   -6.93   0.84   -2.70   9.38   09-30-98  


  Intrinsic Small Cap Value
(formerly Small Cap Disciplined)
  -1.88   10.82   -8.23   -2.03   --   6.60   03-28-02  


  Mid Cap Growth   0.20   20.48   -4.54   3.50   1.35   7.56   12-30-94  


  Opportunity   2.47   18.62   -3.94   1.21   2.87   12.14   12-31-85  


  Small Cap Growth   2.86   18.28   -1.68   5.72   1.77   9.62   07-13-90  


  Small Cap Value   2.08   29.51   -1.43   5.04   11.83   13.01   12-31-97  


  Small/Mid Cap Value   0.07   27.88   -4.39   1.43   --   6.15   03-28-02  


  Special Mid Cap Value   2.65   20.68   -3.61   2.03   8.05   10.64   12-31-98  


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  LARGE CAP STOCK FUNDS – Share Class Investor  


             
 Average Annual Total Returns % 
     
    YTD %     1 Yr     3 Yr     5 Yr     10 Yr     Life     Inception  


  C&B Large Cap Value   0.00   13.39   -7.26   -0.81   4.86   8.91   05-15-90  


  Capital Growth   -3.49   10.35   -8.15   -2.00   0.24   5.20   11-03-97  


  Disciplined Value   -0.82   11.49   -8.91   -1.28   2.33   7.03   05-08-92  


  Growth   2.72   23.42   -0.43   5.50   -1.92   9.64   12-31-93  


  Index   -0.55   13.12   -7.25   -0.67   -1.25   9.01   02-14-85  


  Large Cap Core   -2.93   7.22   --   --   --   -10.35   12-17-07  


  Large Cap Growth   -2.31   12.80   -3.33   0.82   -4.70   9.59   12-30-81  


  Large Company Value   -0.97   13.06   -6.49   -0.42   2.36   6.94   07-01-93  


  Premier Large Company Growth   -3.83   14.68   -0.83   3.41   -2.07   10.00   09-11-35  


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  ASSET ALLOCATION FUNDS – Share Class Investor  


             
 Average Annual Total Returns % 
     
    YTD %     1 Yr     3 Yr     5 Yr     10 Yr     Life     Inception  


  Target 2010   4.25   9.36   2.83   4.05   3.26   6.31   03-01-94  


  Target 2015   3.90   10.18   1.29   --   --   1.06   06-29-07  


  Target 2020   3.43   11.20   -0.38   3.29   2.00   6.54   03-01-94  


  Target 2025   2.85   12.39   -1.70   --   --   -2.20   06-29-07  


  Target 2030   2.37   13.40   -3.11   2.29   1.10   6.69   03-01-94  


  Target 2035   1.83   13.82   -3.84   --   --   -4.52   06-29-07  


  Target 2040   1.64   14.48   -4.53   1.91   0.28   6.91   03-01-94  


  Target 2045   1.40   14.30   -4.27   --   --   -4.96   06-29-07  


  Target 2050   1.59   14.51   -4.40   --   --   -5.03   06-29-07  


  Target Today   4.54   8.25   4.44   4.58   4.27   5.47   03-01-94  


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  INCOME FUNDS – Share Class Investor  


             
 Average Annual Total Returns % 
     
    YTD %     1 Yr     3 Yr     5 Yr     10 Yr     Life     Inception  


  Government Securities   5.88   7.79   7.39   5.61   6.12   7.25   10-29-86  


  High Income   6.97   16.13   6.57   5.97   4.79   6.89   12-28-95  


  Income Plus   7.08   11.63   8.54   6.69   6.64   5.50   07-13-98  


  Short-Term Bond   3.44   7.23   4.66   4.46   3.78   5.71   08-31-87  


  Short-Term High Yield Bond   3.75   7.83   4.77   4.63   3.94   4.88   06-30-97  


  Total Return Bond   6.75   9.89   8.34   6.13   6.49   6.40   06-30-97  


  Ultra Short-Term Income   2.25   6.54   1.34   2.53   2.71   5.01   11-25-88  


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  MUNICIPAL INCOME FUNDS – Share Class Investor  


             
 Average Annual Total Returns % 
     
    YTD %     1 Yr     3 Yr     5 Yr     10 Yr     Life     Inception  


  Intermediate Tax/AMT-Free   4.12   9.34   4.99   4.38   --   5.33   07-31-01  


  Municipal Bond   4.86   13.31   5.25   4.79   5.66   5.63   10-23-86  


  Short-Term Municipal Bond   2.01   4.95   4.30   3.88   4.09   4.27   12-31-91  


  Ultra Short-Term Municipal Income   0.86   1.98   3.72   3.53   2.92   3.39   11-30-95  


  Wisconsin Tax-Free   3.48   6.12   4.68   4.17   --   5.15   04-06-01  


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  MONEY MARKET FUNDS – Share Class Investor  


      
7-Day Yields %
as of 09-03-10
       
 Average Annual Total Returns % 
     
    Current    Effective    Current
Pre-Waiver
   YTD %    1 Yr    3 Yr    5 Yr    10 Yr    Life    Inception  


  Money Market   0.01   0.01   -0.41%   0.01   0.01   1.49   2.62   2.26   3.23   07-01-92  


  Municipal Money Market   --   --   --   0.01   0.01   1.25   1.95   1.82   2.97   11-02-88  


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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.

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.

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