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7-20-2010
This guide to our new fund lineup provides you with a full listing of our mutual funds, including all load and no-load share classes. Read More This guide to our new fund lineup provides you with a full listing of our mutual funds, including all load and no-load share classes. Read More
7-20-2010
This past weekend, the mergers and reorganizations of Evergreen and Wells Fargo Advantage mutual funds were completed, unifying the families under the brand of Wells Fargo Advantage Funds®. Following the successful integration of fixed-income, money market, and two asset allocation funds one week ago, the equity, variable trust, and remaining asset allocation funds have also been integrated. Read More This past weekend, the mergers and reorganizations of Evergreen and Wells Fargo Advantage mutual funds were completed, unifying the families under the brand of Wells Fargo Advantage Funds®. Following the successful integration of fixed-income, money market, and two asset allocation funds one week ago, the equity, variable trust, and remaining asset allocation funds have also been integrated. Read More
7-20-2010
This table will show how share balances were calculated for Wells Fargo Advantage Funds® shareholders who held shares in either an Evergreen or a Wells Fargo Advantage Fund that was acquired by a new or existing Wells Fargo Advantage Fund. Get Started
This table will show how share balances were calculated for Wells Fargo Advantage Funds® shareholders who held shares in either an Evergreen or a Wells Fargo Advantage Fund that was acquired by a new or existing Wells Fargo Advantage Fund. Get Started
7-20-2010
The Merger Conversion Tool is designed to provide you with easy access to more detailed information regarding the product line of the combined Wells Fargo Advantage Funds and Evergreen Funds. Get Started The Merger Conversion Tool is designed to provide you with easy access to more detailed information regarding the product line of the combined Wells Fargo Advantage Funds and Evergreen Funds. Get Started
7-20-2010
Your quarterly statement contains detailed information about your fund account. Refer to the abbreviated sample statement to help you better understand what your statement can tell you about your account activity over the period. Read More Your quarterly statement contains detailed information about your fund account. Refer to the abbreviated sample statement below to help you better understand what your statement can tell you about your account activity over the period.
7-20-2010
Wells Fargo Funds Management, LLC, announced today the completion of fund mergers and reorganizations that effectively unifies the mutual fund families of Wells Fargo & Company and the former Wachovia Corporation. The combination of the Wells Fargo Advantage and Evergreen Fund families positions Wells Fargo Advantage Funds as the eleventh-largest fund family in the United States. Read More Wells Fargo Funds Management, LLC, announced today the completion of fund mergers and reorganizations that effectively unifies the mutual fund families of Wells Fargo & Company and the former Wachovia Corporation. The combination of the Wells Fargo Advantage and Evergreen Fund families positions Wells Fargo Advantage Funds as the eleventh-largest fund family in the United States. Read More
7-13-2010
This past weekend, 35 Evergreen and Wells Fargo Advantage funds were successfully merged or reorganized, bringing the integration of the two fund families as Wells Fargo Advantage Funds closer to completion. Read More This past weekend, 35 Evergreen and Wells Fargo Advantage funds were successfully merged or reorganized, bringing the integration of the two fund families as Wells Fargo Advantage Funds closer to completion. Read More
7-9-2010
As part of the integration of the Evergreen and Wells Fargo Advantage mutual fund families, Wells Fargo Funds Management, LLC, and Evergreen Investments announced today that the shareholders have approved proposals for new advisory and subadvisory contracts, and the nomination of Trustees for four Evergreen closed-end funds. Read More SAN FRANCISCO—As part of the integration of the Evergreen and Wells Fargo Advantage mutual fund families, Wells Fargo Funds Management, LLC, and Evergreen Investments announced today that shareholders have approved proposals for new advisory and subadvisory contracts and the nomination of trustees for four Evergreen closed-end funds: Evergreen Income Advantage Fund (NYSE Amex: EAD), Evergreen Multi-Sector Income Fund (NYSE Amex: ERC), Evergreen Utilities and High Income Fund (NYSE Amex: ERH), and Evergreen Global Dividend Opportunity Fund (NYSE: EOD). In addition, the four Funds have been renamed, effective after the close of business on July 9, 2010. The trading symbols for each of the four Funds will not change.
The shareholder meeting for the Evergreen International Balanced Income Fund (NYSE: EBI) has been adjourned for all proposals until July 30, 2010. Shareholder votes for the Fund will continue to be solicited and accepted until the next meeting date. For more information, please visit the News Room page on EvergreenInvestments.com or www.wellsfargo.com/advantagefunds under the Press Room, or contact your financial advisor, or call 1-800-343-2898. The foregoing is not a solicitation of any proxy. The definitive proxy statement relating to the proposals for the Evergreen International Balanced Income Fund has been filed with the Securities and Exchange Commission (SEC). Obtain a free copy of each Fund’s proxy statement may be obtained by calling 1-800-343-2898 or by visiting www.EvergreenInvestments.com. Each proxy statement will also be available for free on the SEC’s Web site at www.sec.gov. You should read the proxy statement carefully because it contains important information. These closed-end funds are no longer offered as an initial public offering and are only offered through broker/dealers on the secondary market. Unlike an open-end mutual fund, a closed-end fund offers a fixed number of shares for sale. After the initial public offering, shares are bought and sold in the secondary marketplace, and the market price of the shares is determined by supply and demand, not by net asset value (NAV), often at a lower price than the NAV. A closed-end fund is not required to buy its shares back from investors upon request. Various statements contained in this press release are "forward looking statements." All forward-looking statements involve risks and uncertainties. In particular, any statement contained in this press release regarding expectations or assumptions are subject to risks, uncertainties, and contingencies, including market risks, which are beyond our control, and which may cause actual results or achievements to differ materially and perhaps substantially from anticipated results or achievements. Evergreen Investments and the Evergreen Funds do not make any representations or warranties (express or implied) about the accuracy of such forward-looking statements. About Evergreen Investments 7-6-2010
On July 6, 2010, a significant milestone was met when shareholders of the Evergreen New York Municipal Money Market Fund approved a reorganization proposal for the Fund as a Wells Fargo Advantage Fund. Read More On July 6, 2010, a significant milestone was met when shareholders of the Evergreen New York Municipal Money Market Fund approved a reorganization proposal for the Fund as a Wells Fargo Advantage Fund. Read More
6-29-2010
On June 29, 2010, shareholders of 11 Evergreen Funds approved reorganizations or mergers of their Funds into acquiring Wells Fargo Advantage Funds, bringing the combination of the two fund families closer to completion. The mergers and reorganizations are expected to occur during July 2010. Read More On June 29, 2010, shareholders of 11 Evergreen Funds approved reorganizations or mergers of their Funds into acquiring Wells Fargo Advantage Funds, bringing the combination of the two fund families closer to completion. The mergers and reorganizations are expected to occur during July 2010. Read More
Wells Fargo Advantage and Evergreen Funds Shareholders Approve Reorganization Proposals for 21 Funds
6-21-2010
On June 21, 2010, shareholders of 21 Wells Fargo Advantage and Evergreen Funds approved the merger or reorganization of their Funds into acquiring Wells Fargo Advantage Funds, bringing the combination of the two fund families closer to completion. The mergers and reorganizations are expected to occur in July 2010. Read More On June 21, 2010, shareholders of 21 Wells Fargo Advantage and Evergreen Funds approved the merger or reorganization of their Funds into acquiring Wells Fargo Advantage Funds, bringing the combination of the two fund families closer to completion. The mergers and reorganizations are expected to occur in July 2010. Read More
6-18-2010
On June 18, 2010, shareholders of five Wells Fargo Advantage and Evergreen Funds approved the merger or reorganization of their Funds into acquiring Wells Fargo Advantage Funds, bringing the combination of the two Fund families closer to completion. The mergers and reorganizations are expected to occur in July 2010. Read More On June 18, 2010, shareholders of five Wells Fargo Advantage and Evergreen Funds approved the merger or reorganization of their Funds into acquiring Wells Fargo Advantage Funds, bringing the combination of the two Fund families closer to completion. The mergers and reorganizations are expected to occur in July 2010. Read More
6-8-2010
On June 8, 2010, shareholders of 35 Evergreen and Wells Fargo Advantage Funds approved the merger or reorganization of their Funds into acquiring Wells Fargo Advantage Funds, bringing the combination of the two Fund families closer to completion. The mergers and reorganizations are expected to occur in July 2010. Read More On June 8, 2010, shareholders of 35 Evergreen and Wells Fargo Advantage Funds approved the merger or reorganization of their Funds into acquiring Wells Fargo Advantage Funds, bringing the combination of the two Fund families closer to completion. The mergers and reorganizations are expected to occur in July 2010. Read More
5-20-2010
Portfolio Manager Aziz Hamzaogullari has left Evergreen Investments and Wells Capital Management to pursue other opportunities. Mr. Hamzaogullari served as portfolio manager for the Evergreen Large Company Growth Fund, the Evergreen Omega Fund, and the Evergreen VA Omega Fund. Read More Portfolio Manager Aziz Hamzaogullari has left Evergreen Investments and Wells Capital Management to pursue other opportunities. Mr. Hamzaogullari served as portfolio manager for the Evergreen Large Company Growth Fund, the Evergreen Omega Fund, and the Evergreen VA Omega Fund. Thomas J. Pence, CFA, and Michael T. Smith, CFA, of Evergreen Investment Management Company and Wells Capital Management, have assumed the portfolio management responsibilities for the Evergreen Omega Fund and the Evergreen VA Omega Fund. Mr. Pence also serves as a portfolio manager for the Wells Fargo Advantage Capital Growth Fund, the Wells Fargo Advantage Discovery FundSM, the Wells Fargo Advantage Endeavor Select FundSM, and the Wells Fargo Advantage Enterprise FundSM. Mr. Smith also serves as a portfolio manager for the Wells Fargo Advantage Endeavor Select Fund. Mr. Pence and Mr. Smith will continue to be supported by the Fundamental Growth Equity team. Thomas C. Ognar, CFA, Bruce C. Olson, CFA, and Joseph M. Eberhardy, CFA, also of Evergreen Investment Management and Wells Capital Management, have assumed the portfolio management responsibilities for the Evergreen Large Company Growth Fund. Mr. Ognar, Mr. Olson, and Mr. Eberhardy also serve as portfolio managers for the Wells Fargo Advantage Large Cap Growth Fund, the Wells Fargo Advantage Growth Fund, and the Wells Fargo Advantage Emerging Growth Fund. They will continue to be supported by the Multi-Cap Growth Equity team. With the depth of resources available for portfolio management, we do not anticipate any significant disruption to the day-to-day management of the Funds. We are confident in the wealth of talent contained in our portfolio management teams and believe that the appointment of these portfolio managers will result in a seamless transition and continuity of the investment processes for these products. The following questions and answers provide details about the investment teams that support these Funds. Can you tell me more about Thomas Pence and Michael Smith? Thomas Pence is managing director and portfolio manager at Evergreen Investment Management and Wells Capital Management. He serves as the team leader of the Fundamental Growth Equity team. He joined Wells Capital Management from Strong Capital Management, where he served as a lead portfolio manager. Prior to joining Strong in 2000, Mr. Pence served as senior vice president and chief equity investment officer of Conseco Capital Management. While at Conseco, he was responsible for managing all tax-exempt and taxable growth equity portfolios and various mutual funds within the Conseco Fund Group. Prior to joining Conseco in 1991, Mr. Pence worked for the Forum Group, where he oversaw several transactions as part of the firm's development and acquisition team. Before that, he was a financial consultant with Peterson & Company in Chicago. Mr. Pence holds a bachelor's degree in business from Indiana University and a master's degree in business administration with honors from the University of Notre Dame. He is a former board member of the Reese Investment Fund for Indiana University and has served as a director of the Indianapolis Society of Financial Analysts. Mr. Pence has earned the right to use the Chartered Financial Analyst® (CFA®) designation. Michael Smith is a portfolio manager at Evergreen Investment Management and Wells Capital Management who also serves as a research analyst with primary responsibilities covering the health care sector for the Fundamental Growth Equity team. He joined Wells Capital Management from Strong Capital Management, having joined Strong in 2000. Prior to that, Mr. Smith was responsible for assisting in the research and portfolio management effort for Conseco Capital Management equity portfolios. Prior to joining Conseco, Mr. Smith attended DePauw University, where he graduated with a bachelor's degree in economics. Mr. Smith has earned the right to use the CFA designation. What are the resources of the Fundamental Growth Equity team? The Fundamental Growth Equity team has 19 team members. It is a highly experienced team with the depth of investment experience and industry specialization to effectively execute its investment process. The team includes 14 portfolio managers/analysts, two traders, and three research assistants. Can you tell me more about Thomas Ognar, Bruce Olson, and Joseph Eberhardy? Thomas Ognar is a managing director and portfolio manager at Evergreen Investment Management and Wells Capital Management. Mr. Ognar joined Wells Capital Management's Multi-Cap Growth team with the acquisition of assets from Strong Capital Management. Mr. Ognar entered the investment industry in 1993 and joined Strong in 1998 as a research analyst. Prior to that, he was a research analyst with M&I Investment Management, Inc., and a trader with Republic Securities, Inc. Mr. Ognar earned a bachelor's degree in finance from Miami University. He earned a master's degree in finance from the University of Wisconsin–Madison, and is an alumnus of the Applied Security Analysis Program. Mr. Ognar has earned the right to use the CFA designation. Bruce Olson is a managing director and portfolio manager for the Growth Equity team at Evergreen Investment Management and Wells Capital Management. He joined Wells Capital Management's Multi-Cap Growth team from Strong Capital Management, where he held a similar position. Mr. Olson entered the investment industry in 1982, and prior to joining Strong in 1994, he served as a managing partner of a private holding company. Previously, he was employed by Minton Investment Corporation, American National Bank and Trust of Chicago, and the Travelers Corporation. Mr. Olson earned a bachelor's degree from Gustavus Adolphus College. He has earned the right to use the CFA designation. Joseph Eberhardy is a portfolio manager at Evergreen Investment Management and Wells Capital Management. He joined Wells Capital Management's Multi-Cap Growth team from Strong Capital Management, having joined Strong in 1994. Prior to his current role, Mr. Eberhardy was a senior research analyst with the Growth Equity team. Before joining the Growth Equity team in 2000, his previous roles at Strong Capital Management included small- to mid-cap equity analyst, high-yield bond trader, and fixed-income accounting manager. Mr. Eberhardy earned a bachelor's degree in accounting from the University of Wisconsin–Milwaukee. He is a Certified Public Accountant and has earned the right to use the CFA designation. What are the resources of the Multi-Cap Growth Equity team? The Multi-Growth Equity team has ten team members. It is a highly experienced team with the depth of investment experience and industry specialization to effectively execute its investment process. The team includes three portfolio managers, three senior research analysts, two traders, a product specialist, and a research assistant. Do these changes present a capacity issue for any of these managers? No. Thomas Pence, Michael Smith, Thomas Ognar, Bruce Olson, and Joseph Eberhardy are highly experienced investment professionals, and we believe that they will be able to seamlessly extend their investment philosophy and process to these respective mandates while leveraging the expertise of their investment teams. Will the departure of Mr. Hamzaogullari result in any investment changes for the Funds? The investment objective, style, and principal investment strategy for each of the Funds remain unchanged. The Evergreen Omega Fund will continue to invest primarily, and under normal conditions substantially all of its assets, in common stocks of U.S. companies of any market capitalization, and the Evergreen Large Company Growth Fund will continue to invest at least 80% of its assets in common stocks of large U.S. companies whose market capitalizations fall within the market capitalization range of the Russell 1000® Index. However, as part of the transition, the research and stock selection processes will be aligned with the current processes for the respective portfolio management teams assuming responsibility for the Funds. In a previous Product Alert, it was announced that these Funds would be affected by the anticipated reorganizations of the Wells Fargo Advantage Funds and Evergreen Funds family mergers, scheduled for July 2010. Will the portfolio manager changes affect those proposals? Currently, shareholders are voting on proposals to merge the Evergreen Large Company Growth Fund and the Wells Fargo Advantage Large Company Growth Fund into the newly created Wells Fargo Advantage Premier Large Company Growth Fund; to merge the Evergreen VA Omega Fund and the Wells Fargo Advantage VT Large Company Growth Fund into the newly created Wells Fargo Advantage VT Omega Growth Fund; and to merge the Evergreen Omega Fund into the newly created Wells Fargo Advantage Omega Growth Fund. It is proposed that Thomas Ognar, Bruce Olson, and Joseph Eberhardy will serve as portfolio managers for the newly created Wells Fargo Advantage Premier Large Company Growth Fund, and that Thomas Pence and Michael Smith will serve as portfolio managers for the newly created Wells Fargo Advantage VT Omega Growth Fund and the newly created Wells Fargo Advantage Omega Growth Fund. How does this change affect the current proxy process? We will be providing the information regarding portfolio management appointments to shareholders of record for the Evergreen Large Company Growth, Wells Fargo Advantage Large Company Growth, Evergreen Omega, Evergreen VA Omega, and Wells Fargo Advantage VT Large Company Growth Funds, and allowing additional time for shareholders to consider this information and vote their proxies. On May 20, 2010, prospectus supplements were filed with the Securities and Exchange Commission (SEC) reflecting the changes to the affected Evergreen Funds. It is expected that supplements to the prospectus/proxy statements of the proposed acquiring Funds slated to receive assets in the mergers and shell reorganizations will be filed with the SEC on May 21, 2010. In order to provide shareholders with additional time to consider the portfolio management appointments and the mergers and shell reorganizations for the affected Funds, the Funds plan to adjourn the shareholder meeting scheduled for June 8, 2010, until June 18, 2010. This does not affect the shareholder meeting scheduled for June 8, 2010, to consider other proposed mergers and shell reorganizations. When are these portfolio manager changes effective? These changes are effective immediately.
The Evergreen Funds' investment objective may be changed without a vote of the funds' shareholders. 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. Active trading results in increased turnover and trading expenses and may generate higher short-term capital gains. Certain investment strategies tend to increase the total risk of an investment (relative to the broader market). Funds investing in foreign investments, small and mid cap stocks, and/or more volatile segments of the economy, entail additional risk and may not be appropriate for all investors. Consult a Fund's prospectus for additional information on these and other risks. 4-15-2010
Information regarding Evergreen Funds and Wells Fargo Advantage Funds® integration proxy voting. Read More Refer to your prospectus/proxy statement or proxy card for details on your voting options. If you have questions about voting your proxy, please call 1-800-499-8519 for assistance. You will need the control number found on your proxy card when placing your vote:
Why is voting important?
Remember to check our Proxy Center for more proxy voting information.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy. Additional Information and Where to Find It: In connection with the proposed shell reorganizations and mergers, the acquirer will file a prospectus/proxy statement with the Securities and Exchange Commission. All shareholders are advised to read the prospectus/proxy statement in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, fees, expenses, risk considerations, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the prospectus/proxy statement to its shareholders once it is declared effective by the Commission. Shareholders may obtain a free copy of the prospectus/proxy statement when available and other documents filed by the acquirer with the Commission at the Commission's web site at http://www.sec.gov. Free copies of the prospectus/proxy statement, once available, may also be obtained by directing a request via mail, phone or e-mail to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, or at www.wellsfargo.com/advantagefunds or by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, or at www.evergreeninvestments.com. The target and the acquirer also file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission's public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov. Participants in the Solicitation: The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target's shareholders under the rules of the SEC will be set forth in the Prospectus/Proxy Statement filed by the acquirer with the SEC in March 2010. 1-13-2010
Recently, the Boards of Trustees of Wells Fargo Advantage Funds and Evergreen Funds approved the merger of our fund families and a proposed new fund lineup that will be branded under the Wells Fargo Advantage Funds name. Read More Recently, the Boards of Trustees of Wells Fargo Advantage Funds and Evergreen Funds approved the merger of our fund families and a proposed new fund lineup that will be branded under the Wells Fargo Advantage Funds name. As you can see, we've made significant progress toward bringing our two organizations together. Specifics on the merger and the proposed new fund lineup are included in the accompanying supplement. The proposed fund family was developed after thoughtful and thorough evaluation of each fund and the needs of our investors. We believe the result is a powerful and comprehensive array of products that leverages the strengths of both organizations to benefit you through access to:
What to expect in the coming months Sincerely,
1-13-2010
The Merger Conversion Tool is designed to provide you with easy access to more detailed information regarding the proposed product line of the combined Wells Fargo Advantage Funds and Evergreen Funds. Get Started The Merger Conversion Tool is designed to provide you with easy access to more detailed information regarding the proposed product line of the combined Wells Fargo Advantage Funds and Evergreen Funds. Get Started
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