Small Company Growth Fund – WFSAX

 


 

Share Price 08-28-15 $42.06
Daily Change 0.34
YTD Return 2.31%
Inception Date 12-31-1982
Net Fund Assets 07-31-2015 $923,950,730.81

PERFORMANCE

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

  1-year 3-year 5-year 10-year Inception
NAV 11.69 22.84 22.03 10.14 12.03
POP 5.27 20.44 20.60 9.49 11.82

Russell 2000 Growth Index

  1-year 3-year 5-year 10-year Inception
  12.34 20.11 19.33 9.86 --

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.

Russell 2000® Growth Index measures the performance of those Russell 2000 companies with higher price-to-book ratios and higher forecasted growth values. You cannot invest directly in an index.

EXPENSES %

Net Expense Ratio effective since 07-01-15 1.35%
Gross Expense Ratio 1.40%

Important disclosure

The advisor has committed, through 09-30-16, 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 1.35%. Without this cap, the fund's returns would have been lower.

MORNINGSTAR RATINGS as of 07-31-2015

Category = Small Growth
3-Year out of 664 fundsMorningstar RatingMorningstar RatingMorningstar RatingMorningstar Rating
5-Year out of 592 funds Morningstar RatingMorningstar RatingMorningstar RatingMorningstar Rating
10-Year out of 410 funds Morningstar RatingMorningstar RatingMorningstar Rating
Overall out of 664 fundsMorningstar RatingMorningstar RatingMorningstar RatingMorningstar 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

SS&C Technologies Holdings, Incorporated 1.64%
Cepheid Incorporated 1.58%
Icon PLC Common Stock Eur.06 1.41%
Evercore Partners Incorporated?Cl A 1.40%
SVB Financial Group 1.26%
Qlik Technologies Incorporated Common Stock 1.26%
Essent Group Ltd Common Stock Usd.015 1.23%
Houghton Mifflin Harcourt Co Common Stock Usd.01 1.22%
Cadence Design Systems Incorporated 1.22%
Adeptus Health Inc Class A Common Stock Usd.01 1.21%

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

Health Care 24.78%
Information Technology 22.18%
Industrials 14.44%
Consumer Discretionary 14.31%
Financials 11.20%
Cash 5.67%
Materials 3.40%
Energy 2.42%
Consumer Staples 1.02%
Utilities 0.58%
Portfolio holdings and sectors are subject to change and may have changed since the date specified.

FUND STORY

PORTFOLIO MANAGERS


Paul E. von Kuster, CFA

Paul E. von Kuster, CFA
Years of investment
experience: 42

 

Daniel J. Hagen, CFA

Daniel J. Hagen, CFA
Years of investment
experience: 30

 

James P. Ross, CFA

James P. Ross, CFA
Years of investment
experience: 24

 

William A. Grierson

William A. Grierson
Years of investment
experience: 20


The Fund

The Wells Fargo Advantage Small Company Growth Fund seeks long-term capital appreciation by principally investing in small-capitalization growth companies in the discovery and rediscovery phases of development.

Competitive Advantages

  • Diverse life cycle phase exposure: The team seeks to maintain a balanced mix of rapidly growing discovery and rediscovery holdings, providing investors with consistent, diversified small-cap growth exposure in a variety of market environments.
  • Assessment of misunderstood small-cap growth companies: The team focuses on exploiting information gaps between a company's true fundamental value and its actual stock price in seeking to produce strong risk-adjusted returns. This approach optimizes the fund's risk/reward profile.

Risks

Stock fund values fluctuate in response to the activities of individual companies and general market and economic conditions. Smaller-company stocks tend to be more volatile and less liquid than those of larger companies. 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. 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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