Diversified Equity Fund – NVDAX

 


 

Share Price 09-03-15 $29.91
Daily Change 0.04
YTD Return -3.64%
Inception Date 12-31-1988
Net Fund Assets 07-31-2015 $249,645,255.45

PERFORMANCE

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

  1-year 3-year 5-year 10-year Inception
NAV 5.21 15.85 15.41 6.53 9.35
POP -0.84 13.59 14.06 5.90 9.11

S&P 500 Index

  1-year 3-year 5-year 10-year Inception
  7.42 17.31 17.34 7.89 --

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 07-01-15 1.25%
Gross Expense Ratio 1.38%

Important disclosure

The advisor has committed, through 09-30-15, 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 1.25%. Without this cap, the fund's returns would have been lower.

MORNINGSTAR RATINGS as of 07-31-2015

Category = Large Growth
3-Year out of 1530 fundsMorningstar Rating
5-Year out of 1327 funds Morningstar Rating
10-Year out of 925 funds Morningstar Rating
Overall out of 1530 fundsMorningstar Rating

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 07-31-2015

Apple Incorporated 2.28%
JPMorgan Chase & Company 1.13%
Facebook, Incorporated 1.11%
Amazon.com, Incorporated 0.99%
Exxon Mobil Corporation 0.98%
Google Incorporated 0.93%
Allergan PLC Common Stock Usd.0033 0.90%
Visa Incorporated 0.88%
Medtronic Plc Common Stock Usd.1 0.87%
CVS Caremark Corporation 0.85%

TOP SECTORS % of net assets as of 07-31-2015

Financials 18.22%
Information Technology 17.19%
Consumer Discretionary 16.77%
Health Care 15.66%
Industrials 9.82%
Consumer Staples 6.73%
Energy 5.26%
Materials 3.67%
Cash 2.47%
Telecommunication Services 2.03%
Portfolio holdings and sectors are subject to change and may have changed since the date specified.

FUND STORY

PORTFOLIO MANAGERS


Thomas C. Biwer, CFA

Thomas C. Biwer, CFA
Years of investment
experience: 32

 

Aldo Ceccarelli, CFA

Aldo Ceccarelli, CFA
Years of investment
experience: 19

 

Erik Sens, CFA

Erik Sens, CFA
Years of investment
experience: 26

 

The Fund

The Wells Fargo Advantage Diversified Equity Fund seeks long-term capital appreciation by using a multi-manager approach to invest principally in a diversified portfolio of equity securities.

Competitive Advantages

  • Multi-manager expertise: The fund seeks the best available managers and will invest in portfolios managed by both affiliated and unaffiliated subadvisors. Factors considered when selecting a portfolio include how well it complements other portfolios in the fund, the management team's experience, and the strength and consistency of its track record.
  • Strategic allocation: The portfolio invests across a variety of equity styles. Daily cash flows are used to keep actual weights in line with target weights. Diversification across equity styles helps reduce the impact of underperformance in any one equity asset class.

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. Certain investment strategies tend to increase the total risk of an investment (relative to the broader market). This fund is exposed to foreign investment 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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