MORNINGSTAR RATINGS™ as of 05-31-2013 Category = Large Value 3-year Morningstar Rating™ (out of 1049 funds)   5-year Morningstar Rating™ (out of 941 funds)   10-year Morningstar Rating™ (out of 605 funds)   Overall Morningstar Rating™ (out of 1049 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 05-31-2013 Click here for more information.

LIPPER INC. TOTAL RETURN RANKINGS – as of 05-31-2013 Lipper Large-Cap Core Funds

1-year   320 out of 927 3-year   194 out of 842 5-year   244 out of 755 10-year   101 out of 485

Past performance is no guarantee of future results.

AVERAGE ANNUAL TOTAL RETURNS – as of 03-31-2013

				1-year		3-year		5-year		10-year		Since Inception
Disciplined U.S. Core Fund		NAV		13.48%		12.14%		5.53%		8.88%		8.84%
		POP		6.97%		9.94%		4.29%		8.24%		8.56%
S&P 500 Index				13.96%		12.67%		5.81%		8.53%		--
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. Performance shown without sales charges would be lower if sales charges were reflected. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Click here for current month-end performance. Public offering price (POP) is the price of one share of a fund including any sales charges. Net asset value (NAV) is the value of one share of the fund excluding any sales charges. Had sales charges been included, performance would be lower. For Class A shares, the maximum front-end sales charge is 5.75%. Performance including sales charge assumes the sales charge for the corresponding time period.

EXPENSES
Net Expense Ratio – effective since 12-01-12		0.92%
Gross Expense Ratio		0.92%
The advisor has committed, through 11-30-13, to waive fees and/or reimburse expenses to the extent necessary to cap the fund's total annual fund operating expenses after fee waiver, excluding certain expenses, at 0.92%. Without this cap, the fund's returns would have been lower.

CALENDAR YEAR RETURNS

2012		14.44%
2011		3.63%
2010		12.37%
2009		23.26%
2008		-35.36%
2007		5.44%
2006		17.16%
2005		7.15%
2004		12.22%
2003		29.84%

The inception date of Class A shares was 2-28-90 and Class C shares was 6-30-99. Historical performance shown for Class C prior to its inception is based on the performance of Class A, the original class offered, and has been adjusted to reflect the higher expenses applicable to Class C. Historical performance shown for all classes of the fund prior to 7-19-10 is based on the performance of the fund's predecessor, the Evergreen Enhanced S&P 500 Fund.

ADVISER  |  Wells Fargo Funds Management, LLC

SUB-ADVISER  |  Golden Capital Management

PORTFOLIO MANAGER

Greg Golden, CFA Years of investment experience: 24 View biography Greg Golden, CFA, is the chief executive officer and president of Golden Capital Management ("GCM"). In addition to overseeing the strategic direction of the firm, he also serves as lead portfolio manager for its Enhanced Large Cap and Small Cap Core strategies. He had most recently worked as senior vice president and head of structured products for Bank of America, prior to founding GCM. Mr. Golden earned a bachelor's degree in business administration with an emphasis in finance from Belmont University. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation and is a member of the North Carolina Society of Financial Analysts and CFA Institute.

THE FUND  |  The Wells Fargo Advantage Disciplined U.S. Core Fund seeks long-term capital appreciation by employing a risk controlled investment approach to constructing a broadly diversified portfolio of companies with characteristics similar to the S&P 500 Index.

• We invest principally in equity securities of large-capitalization companies, which we define as companies with market capitalizations within the range of the S&P 500^® Index. The market capitalization range of the S&P 500^® Index was $910 million to $340.9 billion, as of November 1, 2010, and is expected to change frequently.

• The forecasting ability of a proprietary mix of factors is apt to result in a more consistent return pattern. Quantitative research is designed to take advantage of a diversified mix of valuation, earnings, and momentum factors in order to forecast price movements throughout various market cycles. The team believes this process should lead to consistent results that avoid long periods of underperformance.
• Categorization of companies by business cycle phase allows the team to emphasize factors more likely to indicate future outperformance. Companies in similar business lifecycle phases, sharing certain financial characteristics, tend to behave similarly. By grouping companies by business lifecycle phase, the team can customize factors and weights within its investment models, emphasizing more predictive components.

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. Consult the fund's prospectus for additional information on these and other risks.

TOP HOLDINGS – % of net assets as of 05-31-2013 Exxon Mobil Corporation   3.57% Apple Incorporated   2.86% Chevron Corporation   2.43% Johnson & Johnson   2.39% Microsoft Corporation   2.30% AT&T Incorporated   1.82% Citigroup Incorporated   1.73% JPMorgan Chase & Company   1.62% Berkshire Hathaway Incorporated-Cl B   1.59% Pfizer Incorporated   1.57% Portfolio holdings are subject to change and may have changed since the date specified. Click here for more complete holdings.

TOP SECTORS – % of net assets as of 05-31-2013 Information Technology   17.89% Financials   16.81% Health Care   13.36% Consumer Discretionary   11.40% Energy   11.36% Consumer Staples   9.74% Industrials   9.30% Utilities   3.88% Telecommunication Services   3.55% Materials   2.43% Portfolio sectors are subject to change and may have changed since the date specified.

PORTFOLIO STATISTICS – as of 04-30-2013 Number of Securities   174 Median Market Capitalization   $21.56 Billion Turnover Rate – as of 4-30-13   68.74% R²   0.99 Beta   1.04

ACCOUNT FEATURES Check Writing   No Dividends   Annually

ACCOUNT MINIMUMS Regular Account   $1,000 Traditional/Roth IRA Account   $250 UGMA/UTMA Account   $50 Subsequent Investments   $100

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