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ADVISER | Wells Fargo Funds Management, LLC
SUB-ADVISER | Wells Capital Management Incorporated ("Wells Capital Management")
PORTFOLIO MANAGER
OBJECTIVE | The Asia Pacific Fund seeks long-term capital appreciation.
PRINCIPAL STRATEGIES | We
invest principally in equity securities from 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 the Asia Pacific Basin; (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; or (4) issued by Asia Pacific Basin governmental
issuers.
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.
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. Active trading results in increased turnover and trading expenses,
and may generate higher short-term capital gains. Certain investment strategies
tend to increase the total risk of an investment (relative to the broader market).
This fund is exposed to regional risk and small company investment risk.
Consult the Fund's prospectus for additional information on these and other risks.
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