Wells Fargo Advantage Intrinsic World Equity Fund – EWEAX

MORNINGSTAR RATINGS™ as of 04-30-2013 Category = World Stock 3-year Morningstar Rating™ (out of 742 funds)   5-year Morningstar Rating™ (out of 586 funds)   10-year Morningstar Rating™ (out of 294 funds)   Overall Morningstar Rating™ (out of 742 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 04-30-2013 Click here for more information.

LIPPER INC. TOTAL RETURN RANKINGS – as of 04-30-2013 Lipper Global Large-Cap Core Funds

1-year   48 out of 67 3-year   2 out of 61 5-year   12 out of 56 10-year   12 out of 35

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
Intrinsic World Equity Fund		NAV		12.36%		12.21%		4.84%		11.15%		9.54%
		POP		5.92%		10.01%		3.60%		10.50%		9.15%
MSCI World Index (Net)				11.85%		8.46%		2.23%		8.88%		--
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 03-01-13		1.41%
Gross Expense Ratio		1.52%
The advisor has committed, through 02-28-14, 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 1.40%. Without this cap, the fund's returns would have been lower.

CALENDAR YEAR RETURNS

2012		20.80%
2011		0.24%
2010		11.75%
2009		32.71%
2008		-39.09%
2007		5.20%
2006		16.02%
2005		13.02%
2004		17.79%
2003		40.31%

The inception date of Class A shares was 4-30-96 and Class C shares was 5-18-07. 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 Intrinsic World Equity Fund.

ADVISER  |  Wells Fargo Funds Management, LLC

SUB-ADVISER  |  Metropolitan West Capital Management, LLC ("MWCM")

PORTFOLIO MANAGERS

		Jeffrey Peck Years of investment experience: 18 View biography Mr. Jeffrey Peck is a managing director and serves as lead portfolio manager for the Large Cap Intrinsic Value strategy with the investment team at Metropolitan West Capital Management (MWCM). He also serves as co-lead portfolio manager for the Global Intrinsic Equity and International Intrinsic Equity strategies. Mr. Peck joined MWCM in 2004. Previously, he served as equity research analyst with both Janney Montgomery Scott and Bear Stearns & Co., Inc. Mr. Peck began his investment management career in 1995. He earned a bachelor's degree in mechanical engineering from State University of New York, Buffalo, and a master's degree in business administration from New York University. In 2004, Mr. Peck received the honor of being named a "Best on the Street Analyst" by The Wall Street Journal.
		Jean-Baptiste Nadal, CFA Years of investment experience: 27 View biography Mr. Jean-Baptiste Nadal, CFA, is a managing director and serves as co-lead portfolio manager for the Global Intrinsic Equity and International Intrinsic Equity strategies with the investment team at Metropolitan West Capital Management (MWCM). Mr. Nadal joined MWCM in 2011. Previously, he served as managing member and portfolio manager at Nadal Capital Management, LLC; principal, managing director, and portfolio manager with Kayne Anderson Rudnick Investment Management, LLC; portfolio manager and equity research analyst with Banque Degroof (formerly Bearbull Asset Management); and financial auditor with Ernst & Young, LLP, in France. Mr. Nadal began his investment management career in 1986. He earned a bachelor's degree in business administration/finance at Groupe Ecole Supérieure de Commerce et de Management (ESCEM) and holds a French professional accounting degree (Diplôme d'Études Comptable Supérieures/DECS). He also holds an Executive Program certificate from the UCLA Anderson School of Management. Mr. Nadal has also earned the right to use the Chartered Financial Analyst® (CFA®) designation from CFA Institute.

THE FUND  |  The Wells Fargo Advantage Intrinsic World Equity Fund seeks long-term capital appreciation by investing in equity securities of approximately 40 to 60 companies located worldwide.

• Invests in high-quality businesses defined as those with sound competitive positions, established operating histories, financial strength, and proven management teams.
• Uses a global, all-cap research process to identify high-quality companies in industries around the world that trade at discounts to our estimates of intrinsic value and possess catalysts that we expect to unlock intrinsic value over the next three to five years.
• Manages company and portfolio risk by diversifying fund holdings across sector, industry, economic cyclicality, and interest-rate sensitivity, resulting in a concentrated portfolio of 40 to 60 high-conviction investments.
• Drives portfolio construction through bottom-up stock selection, which can lead to significant differences in sector and country weights relative to the MSCI World Index.

• Transformational catalysts: The team identifies company-specific catalysts that it believes will help a company attain its full value over a three- to five-year investment horizon. Catalysts may include a meaningful change in a company's products or services, a significant restructuring, or a change in management.
• Attempt to limit downside risk: Two aspects of the team's strategy help to moderate risk – assigning a different analyst to evaluate underperforming stocks, which helps to keep the analysis unbiased; and investing only in high-quality companies with established operating histories, financial strength, and strong management teams.

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 smaller-company securities risk. Consult the fund's prospectus for additional information on these and other risks.

TOP HOLDINGS – % of net assets as of 04-30-2013 Samsung Electronics Company Limited   2.99% Oracle Corporation   2.93% Unilever NV   2.77% Eads(euro Aero Def Eur1   2.75% Franklin Resources Incorporated   2.57% Visa Incorporated   2.53% JPMorgan Chase & Company   2.52% Baxter International Incorporated   2.41% Adidas AG NPV   2.41% DBS Group Holdings   2.37% 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 04-30-2013 United States   50.12% France   8.28% Japan   7.91% Netherlands   6.18% Switzerland   5.76% Great Britain   4.63% Korea, Republic Of   2.99% Germany   2.41% Singapore   2.37% Sweden   2.20% Portfolio sectors are subject to change and may have changed since the date specified.

PORTFOLIO STATISTICS – as of 03-31-2013 Number of Securities   52 Median Market Capitalization   $50.34 Billion Turnover Rate – as of 3-31-13   24.76% R²   0.97 Beta   0.98

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