Wells Fargo Advantage Asia Pacific Fund – SASPX

MORNINGSTAR RATINGS™ as of 07-31-2010 Category = Diversified Pacific/Asia 3-year Morningstar Rating™ (out of 32 funds)   5-year Morningstar Rating™ (out of 25 funds)   10-year Morningstar Rating™ (out of 17 funds)   Overall Morningstar Rating™ (out of 32 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, based on risk-adjusted returns. Click here for more information.

Morningstar® Style Box™ – as of 07-31-2010 Click here for more information.

LIPPER INC. TOTAL RETURN RANKINGS – as of 07-31-2010 Lipper Pacific Region Funds

1-year   24 out of 49 3-year   24 out of 31 5-year   19 out of 27 10-year   4 out of 18

Past performance is no guarantee of future results.

AVERAGE ANNUAL TOTAL RETURNS – as of 06-30-2010

				1-year		3-year		5-year		10-year		Since Inception
Asia Pacific Fund				9.93%		-11.74%		4.17%		4.51%		3.14%
MSCI AC Asia Pacific Index				11.69%		-7.59%		4.74%		1.34%		--
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. Current performance may be lower or higher than the performance data quoted. Click here for current month-end performance. Investor Class shares are sold without a front-end sales charge or contingent deferred sales charge.

EXPENSES
Net Expense Ratio – effective since 02-01-10		1.65%
Gross Expense Ratio		2.15%
The adviser has committed, through 01-31-11, to waive fees and/or reimburse expenses to maintain the Fund's net expense ratio as shown, excluding acquired fund fees. Without these reductions, the Fund's returns would have been lower, and the rankings and ratings may have been lower.

CALENDAR YEAR RETURNS

2009		40.76%
2008		-50.99%
2007		28.56%
2006		22.94%
2005		27.65%
2004		20.45%
2003		60.25%
2002		-7.78%
2001		-12.50%
2000		-36.95%

Investor Class shares incepted on December 31, 1993. Performance shown prior to April 11, 2005, for the Investor Class shares reflects the performance of the Investor Class shares of the Strong Asia Pacific Fund.

ADVISER  |  Wells Fargo Funds Management, LLC

SUB-ADVISER  |  Wells Capital Management Incorporated ("Wells Capital Management")

PORTFOLIO MANAGER

Anthony L.T. Cragg Managed the Asia Pacific Fund and its predecessor since 1993 Mr. Cragg has more than 25 years of experience in international equity investing, which includes both the developed and emerging markets. He joined Wells Capital Management in 2005 with the asset acquisition of Strong Capital Management ("SCM"). Mr. Cragg joined SCM in 1993 and was instrumental in developing its international investment capabilities. Prior to this, he helped establish Dillon, Read International Asset Management. Mr. Cragg began his investment career in 1980 at Gartmore, Ltd., as an international investment manager, where his tenure included assignments in London, Hong Kong, and Tokyo. Mr. Cragg earned a bachelor's and master's degree in English Literature from Christ Church College at Oxford University.

OBJECTIVE  |  The Asia Pacific Fund seeks long-term capital appreciation.

PRINCIPAL STRATEGIES  |  We invest principally in equity securities of companies in Asia or the Pacific Basin (excluding the U.S.). We define Asia Pacific Basin securities as securities: (1) issued by companies with their principal place of business or principal office in the Asia Pacific Basin; (2) issued by companies for which the principal securities trading market is in the Asia Pacific Basin; or (3) issued by companies, regardless of where their securities are traded, that derive at least 50% of their revenue or profits from goods produced or sold, investments made, or services performed in the Asia Pacific Basin or that have at least 50% of their assets in the Asia Pacific Basin. The Asia Pacific Basin region includes, among others, Australia, China, Hong Hong, India, Indonesia, Japan, Malaysia, New Zealand, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam, some of which may be considered emerging markets countries.

We look for companies with the potential for above-average sales and earnings growth, overall financial strength, competitive advantages, and capable management. We may sell a holding when it no longer has these traits. Our investment strategy includes both a top-down strategy, which takes account of overall economic and market trends in each country, and a bottom-up strategy, in which we use fundamental research for security selection. In order to take advantage of the wide range of possible opportunities in a variety of markets at different stages of economic development, we construct the portfolio seeking both growth and value situations, as well as larger and smaller capitalization stocks. We reserve the right to hedge the portfolio's foreign currency exposure by purchasing or selling currency futures and foreign currency forward contracts. However, under normal circumstances, we will not engage in extensive foreign currency hedging.

RISKS  |  Stock fund values fluctuate in response to the activities of individual companies and general market and economic conditions. Foreign investments are especially volatile, and can rise or fall dramatically due to differences in the political and economic conditions of the host country. These risks are generally intensified in emerging markets. The use of derivatives may reduce returns and/or increase volatility. Certain investment strategies tend to increase the total risk of an investment (relative to the broader market). This Fund is exposed to active trading risk, regional risk, and smaller company securities risk. Consult the Fund's prospectus for additional information on these and other risks.

TOP HOLDINGS – % of net assets as of 07-31-2010 Ishares Msci China Tracker Ftse Xinhua A50   2.32% Samsung Electronics Company Limited   2.03% Singapore Airlines   1.98% Keppel Corp Npv   1.96% DBS Group Holdings   1.91% Genting Berhad   1.79% Jardine Cycle and Carriage Limited   1.71% Panasonic Corporation   1.70% Zhaojin Mining Industry Company Limited   1.63% Santos Limited   1.61% Portfolio holdings are subject to change and may have changed since the date specified. Click here for more complete holdings.

TOP COUNTRIES – % of net assets as of 07-31-2010 Singapore   18.85% Japan   16.83% Hong Kong   14.66% Korea, Republic Of   10.26% China   8.34% Australia   6.64% Taiwan   5.50% India   4.50% Malaysia   3.46% United States   2.44% Portfolio sectors are subject to change and may have changed since the date specified.

PORTFOLIO STATISTICS – as of 07-31-2010 Number of Securities   122 Median Market Capitalization   $6.89 Billion Turnover Rate – as of 7-31-10   146.06% R²   0.93 Beta   1.11

ACCOUNT FEATURES Check Writing   No Dividends   Annually

ACCOUNT MINIMUMS Regular Account   $2,500 Traditional/Roth IRA Account   $1,000 UGMA/UTMA Account   $1,000 Subsequent Investments   $100

FEES
Redemption Fee		None
IRA Maintenance Fee  More information		$10 per account/$30 maximum