Taxable Equivalent Yields

Wells Fargo Advantage Funds^® – Share Class Investor

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. Click here for month-end performance information.

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

MUNICIPAL INCOME FUNDS – Share Class Investor


30-Day SEC Yield %30-Day
SEC Yield %
as of 11-19-09

Taxable Equivalent Yields by Tax Rate %

10%

15%

25%

28%

33%

35%

Intermediate Tax/AMT-Free 2.99 3.32 3.52 3.99 4.15 4.46 4.60

Municipal Bond 3.87 4.30 4.55 5.16 5.38 5.78 5.95

Short-Term Municipal Bond 1.96 2.18 2.31 2.61 2.72 2.93 3.02

Ultra Short-Term Municipal Bond 0.88 0.98 1.04 1.17 1.22 1.31 1.35

Wisconsin Tax-Free 2.10 2.33 2.47 2.80 2.92 3.13 3.23

MONEY MARKET FUNDS – Share Class Investor



7-Day
Yield %
as of 11-20-09


Taxable Equivalent Yields by Tax Rate %

10%


15%


25%


28%


33%


35%

Municipal Money Market Current 0.01 0.01 0.01 0.01 0.01 0.01 0.02

Effective 0.01 0.01 0.01 0.01 0.01 0.01 0.02

Current Pre-Waiver -.49 -.54 -.58 -.65 -.68 -.73 -.75

2009 FEDERAL INCOME TAX BRACKETS AND RATES

Single Return

Married Filing Jointly Return

Federal Tax Rate

$0 - $8,350 $0 - $16,700 10%

$8,351 - $33,950 $16,701 - $67,900 15%

$33,951 - $82,250 $67,901 - $137,050 25%

$82,251 - $171,550 $137,051 - $208,850 28%

$171,551 - $372,950 $208,851 - $372,950 33%

Over $372,950 Over $372,950 35%

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 yields would have been lower. These reductions may be discontinued.

30-Day SEC Yield help: The formula used to calculate the 30-Day SEC yield is designed to standardize the yield calculations so that all mutual fund companies with the same or similar portfolios use a uniform method to obtain yield figures for their non-money market advertisements. SEC yields include the actual amount of interest earned adjusted by any gain or loss realized due to the return of principal, less expenses and the maximum offering price calculated on a daily 30-day time period.
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This Web site is accompanied by current prospectuses for Wells Fargo Advantage Funds^®, an EdVest^SM 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

©2009 Wells Fargo Funds Management, LLC. All rights reserved. EdVest and tomorrow's scholar are state-sponsored 529 college savings plans administered by the Wisconsin Office of the State Treasurer. Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, provides investment advisory and administrative services for Wells Fargo Managed Account Services, Wells Fargo Advantage Funds, and the EdVest and tomorrow's scholar plans. Other affiliates of Wells Fargo & Company provide subadvisory and other services for the Funds. The Funds and shares in the 529 plans are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate of Wells Fargo & Company.