MORNINGSTAR RATINGS™ as of 05-31-2013 Category = Foreign Large Blend 3-year Morningstar Rating™ (out of 705 funds)   5-year Morningstar Rating™ (out of 609 funds)   10-year Morningstar Rating™ (out of 322 funds)   Overall Morningstar Rating™ (out of 705 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 International Multi-Cap Core Funds

1-year   102 out of 319 3-year   133 out of 275 5-year   168 out of 239 10-year   49 out of 92

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
International Equity Fund		NAV		5.48%		3.68%		-3.31%		7.88%		7.78%
		POP		-0.59%		1.68%		-4.44%		7.25%		7.59%
MSCI ACWI ex USA Index				8.36%		4.41%		-0.39%		10.93%		--
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		1.10%
Gross Expense Ratio		1.54%
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 1.09%. Without this cap, the fund's returns would have been lower.

CALENDAR YEAR RETURNS

2012		13.69%
2011		-13.77%
2010		15.29%
2009		15.38%
2008		-41.59%
2007		14.67%
2006		22.62%
2005		16.05%
2004		19.02%
2003		30.72%

The inception date of Class A was 1-20-98, Class B shares was 9-6-79 and Class C shares was 3-6-98. Historical performance shown for Class A prior to its inception is based on the performance of Class B, the original class offered, and has not been adjusted to reflect the lower expenses applicable to Class A. If these returns had been adjusted, returns would be higher. Historical performance shown for Class C prior to its inception is based on the performance of Class B, the original class offered. Classes B and C have the same expenses. 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 International Equity Fund.

ADVISER  |  Wells Fargo Funds Management, LLC

SUB-ADVISER  |  Wells Capital Management Incorporated ("Wells Capital Management")

PORTFOLIO MANAGERS

		Jeffrey Everett, CFA Years of investment experience: 26 View biography Mr. Everett is a managing partner and portfolio manager for the EverKey Global Equity team at Wells Capital Management (WellsCap). He joined WellsCap in 2012 from EverKey Global Partners (EverKey), where he served as a founding managing partner and managing member since 2007; he was involved in both research (senior analyst/Asia) and portfolio management at the firm. Prior to joining EverKey, he served as the president of Templeton Global Advisors Limited. In this role, Mr. Everett oversaw all portfolio management responsibilities for mutual fund portfolios and activities within the Templeton Global Equity Group and served as lead portfolio manager for several funds for both U.S. and non-U.S. investors. Earlier in his career, Mr. Everett was part of Templeton's research group and was previously employed by First Pennsylvania Bank as an equity and convertible bond analyst. He began his investment industry career in 1987. Mr. Everett earned a bachelor's degree in finance from The Pennsylvania State University. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation and is a member of the International Society of Financial Analysts (ISFA) and the Association of Investment Management and Research (AIMR).
		Dale A. Winner, CFA Years of investment experience: 26 View biography Mr. Winner is a co-portfolio manager for the EverKey Global Equity team at Wells Capital Management (Wells Cap). He joined WellsCap in 2012 from EverKey Global Partners, where he served as a founding partner since 2007; he was involved in both research (senior analyst/Europe) and portfolio management. Prior to joining EverKey, Mr. Winner served as senior vice president, portfolio manager, and research analyst with Templeton Global Advisors Limited. In addition, he served as the coordinator for the global financials team and had direct research responsibility for global diversified financials. At various times during his career at Templeton, Mr. Winner had research responsibilities for the global sectors of aerospace and defense, life insurance, engineering, and country/regional research coverage of Spain, Portugal, Eastern Europe, and Russia. Earlier in his career, he served as a trust officer at JPMorgan in the Bahamas. Prior to that, he was a credit analyst at Mitsui Trust in London. Mr. Winner earned a bachelor's degree in law from the University of Reading. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.

THE FUND  |  The Wells Fargo Advantage International Equity Fund seeks long-term capital appreciation by using in-depth fundamental research to invest in foreign equity securities.

• Maintains a core equity style that emphasizes bottom-up stock selection based on rigorous, in-depth, fundamental company research and incorporates top-down factors and developments as they affect market and economic activity within regions, countries, and sectors.
• Uses a bottom-up research process that targets fundamentally improving companies with underestimated growth potential or those trading at discounts to their intrinsic values. The top-down analysis identifies factors that may affect different industries and the operations, opportunities, and success of individual companies.
• Applies a dynamic investment approach within a disciplined process that provides broad exposure to international markets by employing an all-cap research process. The strategy is focused primarily on larger-cap companies and secondarily on smaller-cap and emerging markets stocks.

• Diversity across size and style: The team invests across the market-capitalization spectrum and between growth and value stocks seeking to maximize the benefits of tactical opportunities that are frequently created by macroeconomic events.
• Opportunistic investment in both growth and value stocks: Growth investments provide the opportunity to capitalize on accelerating cash flows that are being driven by company catalysts, such as new products, changing management teams, or improving secular business dynamics. Value investments create the opportunity to profit from mispricings between a company's stock price and its intrinsic value.
• Emphasis on fundamental research: The team's approach prioritizes the fundamental analytical process by incorporating top-down macroeconomic research guides and taking advantage of changing economic conditions over a business cycle to capture improving tailwinds and to minimize the impact of cyclical headwinds.

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 05-31-2013 Toyota Motor Corporation   3.34% BP PLC   2.78% Siemens AG   2.77% Valeant Pharmaceuticals International Inc.   2.59% Man Group PLC Common Stock Usd.428571   2.59% Debenhams Ord Ord Gbp0.01   2.59% Wolseley PLC   2.43% Metro AG   2.43% Sk Telecom Krw500   2.43% Daiwa Securities Group Incorporated   2.42% 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 05-31-2013 Japan   21.61% Great Britain   15.26% Switzerland   10.91% Germany   10.14% Hong Kong   7.03% Korea, Republic Of   6.31% Canada   5.91% United States   5.43% Italy   3.86% China   3.28% Portfolio sectors are subject to change and may have changed since the date specified.

PORTFOLIO STATISTICS – as of 04-30-2013 Number of Securities   59 Median Market Capitalization   $18.64 Billion Turnover Rate – as of 4-30-13   44.51% R²   0.97 Beta   1.05

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