Asia Pacific Fund — A — Wells Fargo Advantage Funds Mobile

Fund Profile

Asia Pacific Fund – WFAAX

Share Price 06-18-13	$11.13
Daily Change	-0.03
YTD Return	5.50%
Inception Date	12-31-1993
Net Fund Assets 05-31-2013	$197,393,925.35

PERFORMANCE

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

	1-year	3-year	5-year	10-year	Inception
NAV	16.25	8.08	-0.19	13.77	4.53
POP	9.55	5.98	-1.37	13.09	4.21

MSCI AC Asia Pacific Index

	1-year	3-year	5-year	10-year	Inception
	9.95	5.38	1.94	11.02	--

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.
The Morgan Stanley Capital International (MSCI) All Country Asia Pacific Stock Index is a total return, capitalization-weighted index that measures the performance of stock markets in 15 Pacific region countries, including Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Pakistan, the Philippines, Singapore, Sri Lanka, Taiwan and Thailand. You cannot invest directly in an index.
*Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This�report is not approved, reviewed or produced by MSCI.

The inception date of Class A and Class C shares was 7-31-07. Performance shown for Class A shares prior to its inception reflects the performance of the Investor Class shares and includes the higher expenses applicable to the Investor Class shares. If these expenses had not been included, returns would be higher. Performance shown for Class C shares prior to its inception reflects the performance of the Investor Class shares, adjusted to reflect the higher expenses applicable to Class C shares.

EXPENSES %

Net Expense Ratio effective since 03-01-13	1.62%
Gross Expense Ratio	1.74%

Important disclosure

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 1.60%. Without this cap, the fund's returns would have been lower.

MORNINGSTAR RATINGS as of 05-31-2013

Category = Diversified Pacific/Asia

3-Year out of 38 funds
5-Year out of 31 funds
10-Year out of 18 funds
Overall out of 38 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.

Please note, Morningstar provides an extended performance rating for some mutual funds in its universe. Share classes that don't have a one-, three-, five-, or 10-year performance history may receive a hypothetical Morningstar Rating based on the oldest surviving share class of the fund. Morningstar computes the fund's new return stream by appending an adjusted return history of the oldest share class, and the extended performance rating is determined by comparing the adjusted historical returns with the current open-end mutual fund universe. 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 05-31-2013

Samsung Electronics Company Limited	3.05%
Hitachi Npv	2.62%
Mitsui Fudosan Company	2.51%
Mizuho Financial Group Incorporated, GB NPV	2.47%
Orix Corporation	2.27%
China Construction Bank	2.05%
Industrial and Commercial Bank of China Limited	2.04%
Mitsubishi Hvy Ind Npv	1.83%
Nissan Motor CO Npv	1.76%
Taiwan Semiconductor Manufacturing Company Limited	1.73%

TOP SECTORS % of net assets as of 05-31-2013

Financials	26.53%
Industrials	21.36%
Information Technology	13.40%
Consumer Discretionary	9.72%
Telecommunication Services	7.62%
Energy	5.67%
Cash	5.37%
Materials	4.28%
Unassigned	3.02%
Consumer Staples	1.93%

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

FUND STORY

PORTFOLIO MANAGERS

		Anthony L.T. Cragg Years of investment experience: 32
		Alison Shimada Years of investment experience: 28

The Fund

The Wells Fargo Advantage Asia Pacific Fund seeks long-term capital appreciation through fundamentally driven equity investments in Asia or the Pacific Basin.

Competitive Advantages

A flexible investment approach: The team believes that taking a panoramic view o f the Asian region and using a flexible approach in terms of investment style and market capitalization are the best ways to create excess returns. This flexible approach lets the team concentrate on wherever it sees the most opportunity, regardless of equity style, market capitalization, or stage of economic development.
Bottom-up research on companies is synthesized with its top-down understanding of countries in the Asia Pacific region: the team's two-pronged approach to investing incorporates a macrolevel examination of each country with a micro-level analysis of each company.

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 regional risk, and smaller-company securities risk. 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