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ADVISER | Wells Fargo Funds Management, LLC
SUB-ADVISER | Wells Capital Management Incorporated ("Wells Capital Management")
PORTFOLIO MANAGERS
THE FUND | The Wells Fargo Advantage Global Opportunities Fund seeks long-term capital appreciation by principally investing in equity securities of small- to medium-sized global companies.
FUND STRATEGY
- Invests in small- to mid-sized companies across the developed markets and provides a tactical tilt between U.S. and international markets based on the team's outlook. The team may opportunistically invest in smaller stocks within emerging markets.
- Combines two distinct investment processes, which provides style diversification across the fund. The U.S. portfolio is managed with a valuation tilt, and the international portfolio is managed with a growth tilt.
- Seeks to identify high-quality companies that are well managed, are positioned to achieve above-average increases in revenue, possess free cash flow, or otherwise have strong prospects for continued growth or that are undervalued relative to an assessment of their intrinsic value.
COMPETITIVE ADVANTAGES
- International and U.S. specialist: The team believes that the global small- and mid-capitalization markets are inefficient and that stocks frequently diverge from their intrinsic value. Using regional specialization can more effectively identify companies where price and value have diverged.
- Macroeconomic analysis prioritizes research initiatives: The team incorporates top-down macroeconomic research to help guide and prioritize its fundamental analytical process to take advantage of changing economic conditions over a business cycle, to capture improving tailwinds, and to minimize the impact of cyclical headwinds.
- Proprietary cash-flow valuation: The team's cash-flow analysis is designed to value a company's excess balance sheet capacity, recognizing that there may be hidden value in a company's financial flexibility.
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 country concentration risk, regional risk and smaller-company securities risk. Consult the fund's prospectus for additional information on these and other risks.
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