MORNINGSTAR RATINGS™ as of 04-30-2013 Category = Small Growth 3-year Morningstar Rating™ (out of 638 funds)   5-year Morningstar Rating™ (out of 563 funds)   10-year Morningstar Rating™ (out of 369 funds)   Overall Morningstar Rating™ (out of 638 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 Small-Cap Growth Funds

1-year   425 out of 500 3-year   371 out of 442 5-year   227 out of 398 10-year   191 out of 260

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
Traditional Small Cap Growth Fund		NAV		9.05%		12.26%		8.08%		10.17%		9.73%
		POP		2.76%		10.08%		6.81%		9.51%		9.49%
Russell 2000 Growth Index				14.52%		14.75%		9.04%		11.61%		--
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		1.33%
Gross Expense Ratio		1.48%
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 1.33%. Without this cap, the fund's returns would have been lower.

CALENDAR YEAR RETURNS

2012		13.61%
2011		-5.05%
2010		27.22%
2009		40.94%
2008		-41.79%
2007		10.64%
2006		10.51%
2005		6.19%
2004		13.68%
2003		38.75%

The inception date of Class A shares was 6-5-95. Historical performance shown for the Class A prior to its inception is based on the performance of Evergreen Growth Fund Class C, the original class offered of the fund's predecessor, 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 all classes of the fund prior to 7-19-10 is based on the performance of the fund's predecessor, the Evergreen Growth Fund.

ADVISER  |  Wells Fargo Funds Management, LLC

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

PORTFOLIO MANAGERS

		Jeffrey S. Drummond, CFA Years of investment experience: 25 View biography Mr. Drummond has been with Wells Capital Management or one of its predecessor firms since 1988. He is currently a managing director and senior portfolio manager with the Small Cap Growth Equity team of Wells Capital's Equity Management group, where he primarily focuses on the technology sector. Previously, Mr. Drummond served in the investment strategy department at Wheat First Butcher Singer. He has been working in the investment management field since 1988. Mr. Drummond has been awarded the use of the Chartered Financial Analyst® (CFA®) designation by the CFA Institute, and he is a member of CFA Virginia and the CFA Institute. Mr. Drummond received a B.S. in finance from the University of Richmond.
		Linda Z. Freeman, CFA Years of investment experience: 34 View biography Ms. Freeman has been with Wells Capital Management or one of its predecessor firms since 1991. She is currently a managing director and senior portfolio manager with the Small Cap Growth Equity team of Wells Capital's Equity Management group, where she primarily focuses on the health care and consumer sectors of the market. Previously, she served as vice president and portfolio manager of Federated Investment Counseling and Federated Research Corporation in Pittsburgh. Prior to that, Ms. Freeman was an analyst both at Virginia National Bank and at Investment Corporation of Virginia. Ms. Freeman has been working in the investment management field since 1979. She has been awarded the use of the Chartered Financial Analyst® (CFA®) designation by the CFA Institute. She is a member of CFA Virginia, the CFA Institute, and a former officer of the Pittsburgh Society of Financial Analysts. Ms. Freeman received a B.A. from Randolph Macon Woman's College and an M.B.A from the University of Pittsburgh.
		Paul Carder, CFA Years of investment experience: 13 View biography Mr. Carder has been with Wells Capital Management or one of its predecessors since 2004. He is currently a director and portfolio manager with the Small Cap Growth Equity team of Wells Capital's Equity Management group, where his responsibilities include analysis and portfolio management of industrial, materials, capital goods, energy, and transportation stocks. Mr. Carder began his career at Wells Capital Management as an analyst for the Small Cap Growth team. Previously, he served as an associate equity research analyst for Wachovia Securities. Mr. Carder has been in the investment management field since 2000. He has been awarded the use of the Chartered Financial Analyst® (CFA®) designation by the CFA Institute, and he is a member of CFA Virginia. Mr. Carder received a B.S. from Virginia Tech and a M.B.A. in finance from Texas A&M University.
		Jeffrey Harrison, CFA Years of investment experience: 19 View biography Mr. Harrison has been with Wells Capital Management or one of its predecessor firms since 1997. He is currently a director and portfolio manager with Wells Capital Management's Small Cap Growth team. His research responsibilities include the telecommunication, information technology, media, and finance sectors. Previously, he served as an analyst at Fidelity Investments. Mr. Harrison has been working in the investment management field since 1994. He has been awarded the use of the Chartered Financial Analyst® (CFA®) designation by the CFA Institute, and is a member of the CFA Institute. Mr. Harrison received a B.A. in economics from Hampden-Sydney College and an M.B.A from The College of William and Mary.

THE FUND  |  The Wells Fargo Advantage Traditional Small Cap Growth Fund seeks capital appreciation by investing primarily in small-capitalization companies with catalysts for underappreciated, long-term growth.

• Seeks to identify companies in the early stages of multi-year growth cycles whose potential growth rates are not fully recognized by the market.
• Applies a three-step analysis to ensure that each portfolio holding exhibits the following characteristics: a compelling multi-year investment thesis, catalysts for sustainable long-term growth, and an attractive valuation.
• Empowers sector specialists to make timely and effective investment decisions while adhering to the strategies established by lead portfolio managers.

• Rigorous three-step investment process: The team's disciplined adherence to the strict criteria established for its portfolio candidates has historically resulted in holdings with sustainable long-term growth, ultimately leading to strong risk-adjusted performance for the overall portfolio.
• Sector specialist structure: Sector experts are empowered to make timely investment decisions while adhering to strategies established by lead portfolio managers, resulting in optimal portfolio construction. These experts leverage their extensive knowledge, research capabilities, and network of contacts to capitalize on inefficiencies in the small-cap market through a bottom-up approach.

RISKS  |   Stock fund values fluctuate in response to the activities of individual companies and general market and economic conditions. Smaller-company stocks tend to be more volatile and less liquid than those of larger companies. Consult the fund's prospectus for additional information on these and other risks.

TOP HOLDINGS – % of net assets as of 04-30-2013 Cogent Communications Group Incorporated   2.90% Cavium Incorporated   2.47% Financial Engines Incorporated   2.39% Concur Technologies Incorporated   2.36% DexCom   2.27% Hexel Corporation   2.25% Shutterfly Incorporated   2.04% Barnes Group Incorporated   2.04% Examworks Group Incorporated Common Stock   1.92% Ultimate Software Group Incorporated   1.83% 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   21.90% Consumer Discretionary   18.72% Health Care   17.89% Industrials   16.40% Financials   11.31% Energy   3.95% Telecommunication Services   2.89% Materials   2.63% Cash   2.28% Consumer Staples   2.03% Portfolio sectors are subject to change and may have changed since the date specified.

PORTFOLIO STATISTICS – as of 03-31-2013 Number of Securities   84 Median Market Capitalization   $1.40 Billion Turnover Rate – as of 3-31-13   61.71% R²   0.96 Beta   0.97

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