Government Money Market Fund — A — Wells Fargo Advantage Funds Mobile

Fund Profile

Government Money Market Fund – WFGXX

7-Day Current Yield 05-22-13	0.01%
7-Day Current Pre-Waiver Yield	-0.52%
7-Day Effective Yield	0.01%
YTD Return	0.00%
Inception Date	11-16-1987
Net Fund Assets 04-30-2013	$32,823,573,637.88

PERFORMANCE

AVERAGE ANNUAL TOTAL RETURNS % as of 03-31-2013

	1-year	3-year	5-year	10-year	Inception
NAV	0.01	0.01	0.21	1.45	3.46

Lipper U.S. Government Money Market Funds Average

	1-year	3-year	5-year	10-year	Inception
	0.01	0.01	0.23	1.38	--

Important disclosure

Money market funds are sold without a front-end sales charge or contingent deferred sales charge. Other fees and expenses apply to an investment in the Fund and are described in the Fund's current prospectus.
Net asset value (NAV) is the value of one share of the fund excluding any sales charges. Returns for periods of less than one year are not annualized.
The adviser has committed to certain fee waivers and/or expense reimbursements. These reductions may be discontinued at any time. If fees had not been waived, the 7-Day current yield would have been -0.52%, and the total return would have been lower.
Source: Lipper, Inc. The Lipper U.S. Government Money Market Funds Average is an average of funds that invest principally in financial instruments issued or guaranteed by the U.S. Government, its agencies, or its instrumentalities, with dollar weighted average maturities of less than 90 days. These funds intend to keep a constant net asset value. The total return of the Lipper Average does not include the effect of sales charges. You cannot invest directly in a Lipper Average.

HOLDINGS

TOP HOLDINGS % of net assets as of 04-30-2013

Bank of America Na Repo Mbs Bacna 3, 0.17%, 2013-05-01	7.48%
Societe Generale NY Repo Mbs Sognny 14, 0.18%, 2013-05-01	6.00%
Barclays Capital Repo, 0.17%, 2013-05-01	5.23%
Rbs Securities Incorporated Repo Mbs Rbssec 2, 0.19%, 2013-05-01	5.23%
Bank of Nova Scotia Nya/ Repo Bank of Nova Scotia Nya/ Repo, 0.17%, 2013-05-01	4.49%
Citigroup Global Markets Repo Mbs Citgmk 5, 0.17%, 2013-05-01	2.99%
Credit Agricole, 0.18%, 2013-05-01	2.24%
Bnp Paribas Secs Corp Repo Ust Parsec 7, 0.16%, 2013-05-01	1.64%
Bnp Paribas Secs Corp Repo Mbs Parsec 2, 0.17%, 2013-05-01	1.50%
Citibank Na Repo Mbs Citina 5, 0.17%, 2013-05-01	1.50%

Portfolio holdings are subject to change and may have changed since the date specified.

FUND STORY

ADVISER | Wells Fargo Funds Management, LLC

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

PORTFOLIO MANAGERS

		David D. Sylvester Years of investment experience: 38

		Laurie White Years of investment experience: 23

The Fund

The Government Money Market Fund seeks current income, while preserving capital and liquidity.

Strategies

Focuses primarily on preserving capital and maintaining a high level of liquidity by actively managing a diversified portfolio of short-term U.S. government debt and repurchase agreements collateralized by U.S. government obligations, which will likely generate higher yields than a portfolio that invests exclusively in U.S. Treasury debt.
Purchases only debt issued by the U.S. Treasury or U.S. government agencies across a range of eligible money market investments that may include, but are not limited to, government agency repurchase agreements, government agency debt, U.S. Treasury repurchase agreements, U.S. Treasury debt, and other securities collateralized by U.S. government obligations.
Uses a conservative investment approach that emphasizes fundamental credit research, portfolio analytics, and portfolio risk management.

Risks

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund.

Figures quoted represent past performance, which is no guarantee of future results. Investment returns will fluctuate. The fund's yield figures more closely reflect the current earnings of the fund than the total return figures. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Current month-end performance is available at the funds' website, wellsfargo.com/advantagefunds.

Back

Not FDIC Insured • No Bank Guarantee • May Lose Value