Disciplined U.S. Core Fund — A — Wells Fargo Advantage Funds Mobile

Fund Profile

Disciplined U.S. Core Fund – EVSAX

Share Price 05-23-13	$15.76
Daily Change	-0.02
YTD Return	17.79%
Inception Date	02-28-1990
Net Fund Assets 04-30-2013	$407,946,450.77

PERFORMANCE

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

	1-year	3-year	5-year	10-year	Inception
NAV	13.48	12.14	5.53	8.88	8.84
POP	6.97	9.94	4.29	8.24	8.56

S&P 500 Index

	1-year	3-year	5-year	10-year	Inception
	13.96	12.67	5.81	8.53	--

Important disclosure

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.
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. Returns for periods of less than one year are not annualized.
S&P 500 Index consists of 500 stocks chosen for market size, liquidity, and industry group representation. It is a market value weighted index with each stock's weight in the Index proportionate to its market value. You cannot invest directly in an index.

EXPENSES %

Net Expense Ratio effective since 12-01-12	0.92%
Gross Expense Ratio	0.92%

Important disclosure

The advisor has committed, through 11-30-13, 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 0.92%. Without this cap, the fund's returns would have been lower.

MORNINGSTAR RATINGS as of 04-30-2013

Category = Large Value

3-Year out of 1037 funds
5-Year out of 926 funds
10-Year out of 587 funds
Overall out of 1037 funds

Important disclosure

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.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Past performance is no guarantee of future results.

HOLDINGS

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

Exxon Mobil Corporation	3.60%
Apple Incorporated	2.88%
Chevron Corporation	2.47%
Johnson & Johnson	2.33%
Microsoft Corporation	2.23%
General Electric Company	2.16%
AT&T Incorporated	1.99%
Verizon Communications Incorporated	1.73%
Pfizer Incorporated	1.72%
Citigroup Incorporated	1.59%

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

Information Technology	17.56%
Financials	15.07%
Health Care	13.54%
Energy	11.26%
Consumer Discretionary	11.13%
Consumer Staples	10.09%
Industrials	9.58%
Utilities	4.70%
Telecommunication Services	4.07%
Materials	2.41%

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

FUND STORY

PORTFOLIO MANAGER

Greg Golden, CFA
Years of investment
experience: 24

The Fund

The Wells Fargo Advantage Disciplined U.S. Core Fund seeks long-term capital appreciation by employing a risk controlled investment approach to constructing a broadly diversified portfolio of companies with characteristics similar to the S&P 500 Index.

Competitive Advantages

The forecasting ability of a proprietary mix of factors is apt to result in a more consistent return pattern. Quantitative research is designed to take advantage of a diversified mix of valuation, earnings, and momentum factors in order to forecast price movements throughout various market cycles. The team believes this process should lead to consistent results that avoid long periods of underperformance.
Categorization of companies by business cycle phase allows the team to emphasize factors more likely to indicate future outperformance. Companies in similar business lifecycle phases, sharing certain financial characteristics, tend to behave similarly. By grouping companies by business lifecycle phase, the team can customize factors and weights within its investment models, emphasizing more predictive components.

Risks

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. Consult the fund's prospectus for additional information on these and other risks.

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. Current month-end performance is available at the funds' website, wellsfargo.com/advantagefunds.

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Not FDIC Insured • No Bank Guarantee • May Lose Value