Wells Fargo Advantage Index Fund – WFIRX

MORNINGSTAR RATINGS™ as of 04-30-2013 Category = Large Blend 3-year Morningstar Rating™ (out of 1451 funds)   5-year Morningstar Rating™ (out of 1305 funds)   10-year Morningstar Rating™ (out of 807 funds)   Overall Morningstar Rating™ (out of 1451 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 S&P 500 Index Objective Funds

1-year   64 out of 134 3-year   N/A 5-year   N/A 10-year   N/A

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
Index Fund				13.51%		12.16%		5.36%		8.00%		9.68%
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. 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. Investor Class shares are sold without a front-end sales charge or contingent deferred sales charge.

EXPENSES
Net Expense Ratio – effective since 10-01-12		0.45%
Gross Expense Ratio		0.75%
The advisor has committed, through 09-30-13, 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 0.45%. Without this cap, the fund's returns would have been lower.

The inception date of the Investor Class shares was 7-16-10. Historical performance shown for the Investor Class prior to its inception is based on the performance of the Administrator Class, the original class offered, and has been adjusted to reflect the higher expenses applicable to the Investor Class. 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 Equity Index Fund.

ADVISER  |  Wells Fargo Funds Management, LLC

SUB-ADVISER  |  Golden Capital Management

PORTFOLIO MANAGERS

		John R. Campbell, CFA Years of investment experience: 19 View biography Mr. Campbell joined Golden Capital Management in 2006. He is the lead portfolio manager for the firm's all-cap core, mid-cap core, and small/mid-cap core strategies. Prior to joining Golden Capital, Mr. Campbell served as vice president-investment management at Placemark Investments, where he served as the lead portfolio manager and was instrumental in the development, testing, and implementation of a quantitative investment process to deliver customized and tax-efficient managed account solutions to clients. He has been awarded the use of the Chartered Financial Analyst® (CFA®) designation by the CFA Institute and is also a member of that organization. Mr. Campbell earned a B.S. in nuclear engineering from Texas A&M University and an M.B.A. from Southern Methodist University.
		David Neal, CFA Years of investment experience: 7 View biography Mr. Neal joined Golden Capital Management "GCM" in May 2006. He performs portfolio management and analytical functions on several investment strategies managed at GCM, and he has a variety of other responsibilities related to the firm's client service and marketing functions. David came to GCM as a graduate of Wake Forest University where he earned a B.S. in finance. He holds the Chartered Financial Analyst® (CFA®) designation and is a member of the CFA North Carolina Society and the CFA Institute.
		Justin Carr, CFA Years of investment experience: 13 View biography Mr. Carr joined Golden Capital Management ("GCM") in October 2011. He is the lead portfolio manager on the Enhanced Small Cap and Enhanced International Equity strategies and he is a member of our quantitative research team. Prior to joining GCM, Mr. Carr was an analyst with the Global Strategic Products team at Wells Capital Management. He joined Wells Capital from Evergreen Investments, where he began his investment industry career in 2000. Justin earned a bachelor's degree in business administration with an emphasis in finance from the University of Vermont and a master's degree in mathematical finance from Worcester Polytechnic Institute. He holds the Chartered Financial Analyst designation and is a member of the Boston Security Analysts Society and the CFA Institute.

THE FUND  |  The Index Fund seeks to replicate the total return of the S&P 500 Index, before fees and expenses.

• We invest in substantially all of the common stocks comprising the S&P 500 Index and attempt to achieve at least a 95% correlation between the performance of the S&P 500 Index and the Fund's investment results, before fees and expenses. This correlation is sought regardless of market conditions. If we are unable to achieve this correlation, then we will closely monitor the performance and composition of the S&P 500 Index and adjust the Fund's securities holdings as necessary to seek the correlation.

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 04-30-2013 Apple Incorporated   2.83% Exxon Mobil Corporation   2.71% Microsoft Corporation   1.70% Johnson & Johnson   1.62% Chevron Corporation   1.61% General Electric Company   1.58% Google Incorporated   1.50% IBM Corporation   1.44% Procter & Gamble Company   1.43% Pfizer Incorporated   1.42% 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 04-30-2013 Information Technology   16.76% Financials   15.06% Health Care   11.86% Consumer Discretionary   11.01% Consumer Staples   10.38% Energy   9.97% Industrials   9.22% Utilities   3.42% Unassigned   3.34% Materials   3.17% Portfolio sectors are subject to change and may have changed since the date specified.

PORTFOLIO STATISTICS – as of 03-31-2013 Number of Securities   504 Median Market Capitalization   $14.11 Billion Turnover Rate – as of 3-31-13   3.73% R²   1.00 Beta   1.00

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