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Wells Fargo Advantage Absolute Return Fund – WARAX

Class A


CUSIP 94987W109


Share Price 09-02-15 10.35


Daily Change 0.07


YTD Return -4.34%


Morningstar Category World Allocation


Inception Date 07-23-2003


Fund Number 3355


Net Fund Assets as of 07-31-2015 $11,854,852,377.53


Overall Morningstar Rating™ (out of 462 funds)
as of 07-31-2015
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Morningstar RatingMorningstar Rating


Fund Notes

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MORNINGSTAR RATINGS™ as of 07-31-2015


Category = World Allocation


3-year Morningstar Rating™ (out of 462 funds)   Morningstar RatingMorningstar Rating


5-year Morningstar Rating™ (out of 344 funds)   N/A


10-year Morningstar Rating™ (out of 182 funds)   N/A


Overall Morningstar Rating™ (out of 462 funds)   Morningstar RatingMorningstar Rating


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 07-31-2015
Morningstar Style Box
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LIPPER INC. TOTAL RETURN RANKINGS – as of 07-31-2015
Lipper Absolute Return Funds


1-year   208 out of 260


3-year   37 out of 138


5-year   N/A


10-year   N/A


Past performance is no guarantee of future results.

AVERAGE ANNUAL TOTAL RETURNS – as of 06-30-2015


    1-year 3-year 5-year 10-year Since Inception


Absolute Return Fund   NAV   -2.91%   5.12%   6.17%   6.21%   8.55%


POP   -8.51%   3.07%   4.92%   5.58%   8.01%


MSCI World Index (Net)       1.43%   14.27%   13.10%   6.38%   --


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 09-01-15   1.51%


Gross Expense Ratio   1.51%


The advisor has committed, through 08-31-16, 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 0.71%. Without this cap, the fund's returns would have been lower.

CALENDAR YEAR RETURNS


2014     0.44%
2013     9.65%
2012     8.56%
2011     2.75%
2010     3.78%
2009     19.37%
2008   -12.18%
2007     10.09%
2006     11.72%
2005     15.19%

  • Not FDIC Insured
  • No Bank Guarantee
  • May Lose Value

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