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ADVISER | Wells Fargo Funds Management, LLC
SUB-ADVISER | Wells Capital Management Incorporated ("Wells Capital Management")
PORTFOLIO MANAGERS
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Thomas C. Ognar, CFA
Managed the Growth Fund and its predecessor since 2002
Mr. Ognar joined Wells Capital Management in 2005. Prior to joining Wells Capital Management, Mr. Ognar was with Strong Capital Management, Inc. ("SCM") since January 1998, where he was a senior equity research analyst from October 1998 to 2002. Prior to joining SCM, he was a research analyst at M&I Investment Management Corp., and he was a trader at Republic Securities, Inc. Mr. Ognar earned his B.A. degree in Finance from Miami University and his M.S. degree in Finance from the University of Wisconsin, Madison.
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Bruce C. Olson, CFA
Managed the Growth Fund and its predecessor since 2005
Mr. Olson joined Wells Capital Management in 2005. Prior to that he was with Strong Capital Management, Inc. ("SCM") since 1994, where he managed separate and institutional accounts since January 1998. In May 2002, he was also named as a co-portfolio manager of the Strong Large Cap Growth Fund and sole portfolio manager of the Fund on June 30, 2003. Prior to joining SCM, he was a managing partner at Olson Brothers, Inc. from 1989 to 1993. Prior to joining Olson Brothers Inc., he was with The Travelers Corporation, American National Bank and Trust Co. of Chicago, and Minton Investment Corporation. Mr. Olson earned a B.A. degree in Finance and History from Gustavus Adolphus College.
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Joseph M. Eberhardy, CFA
Managed the Growth Fund since 2008
Mr. Eberhardy joined Wells Capital Management in 2005 from Strong Capital Management ("SCM"), having joined SCM in 1994. Prior to his current role, Mr. Eberhardy was a senior research analyst with the Growth Equity team, and he maintains research responsibilities in the health care, capital goods, and aerospace-and-defense industries. Prior to joining the Growth Equity team in 2000, his previous roles at SCM included small- to mid-cap equity analyst, high-yield bond trader, and fixed-income accounting manager. Mr. Eberhardy earned a bachelor's degree in accounting from the University of Wisconsin, Milwaukee.
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OBJECTIVE | The Growth Fund seeks long-term capital appreciation.
PRINCIPAL STRATEGIES | We
invest principally in equity securities of companies that we believe have prospects
for robust and sustainable growth of revenues and earnings. We select equity
securities of companies of any size. We may also invest in equity securities
of foreign issuers through ADRs and similar investments.
We focus on companies that dominate their market, are establishing
new markets or are undergoing dynamic change. We believe earnings and revenue
growth are critical factors in determining stock price movements. Thus, our
investment process is centered around finding companies with the prospects for
robust and sustainable growth in earnings and revenue. To find that growth,
we use bottom-up research, emphasizing companies whose management teams have
a history of successfully executing their strategy and whose business model
has sufficient profit potential. We use earnings surprise and revision patterns
along with many other financial metrics to assess these criteria. We then combine
that company-specific analysis with our assessment of secular and technical
trends to form a buy/sell decision about a particular stock. We may invest in
any sector, and at times we may emphasize one or more particular sectors. We
sell a company's securities when we see deterioration in fundamentals that causes
us to become suspicious of a company's prospective growth profile or the profitability
potential of its business model. We may also sell or trim a position when we
need to raise money to fund the purchase of a better idea, when valuation is
extended beyond our bullish expectations, or when we see weakness relative to
the overall market.
RISKS | Stock fund values fluctuate in response to the activities of individual companies and general market and economic conditions. 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 foreign investment risk and small company investment risk.
Consult the Fund's prospectus for additional information on these and other risks.
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27.42%
