Opportunity Fund – SOPVX

 


 

Share Price 09-03-15 $44.48
Daily Change 0.17
YTD Return -4.63%
Inception Date 12-31-1985
Net Fund Assets 07-31-2015 $1,895,580,991.46

PERFORMANCE

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

  1-year 3-year 5-year 10-year Inception
NAV 3.88 16.36 14.34 7.50 12.09
POP -2.10 14.09 13.00 6.87 11.87

Russell 3000 Index

  1-year 3-year 5-year 10-year Inception
  7.29 17.73 17.54 8.15 --

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 3000® Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization, which represents approximately 98% of the investable U.S. equity market. You cannot invest directly in an index.

EXPENSES %

Net Expense Ratio effective since 07-01-15 1.22%
Gross Expense Ratio 1.22%

Important disclosure

The advisor has committed, through 01-31-17, 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 1.21%. Without this cap, the fund's returns would have been lower.

MORNINGSTAR RATINGS as of 07-31-2015

Category = Mid-Cap Growth
3-Year out of 654 fundsMorningstar RatingMorningstar Rating
5-Year out of 583 funds Morningstar Rating
10-Year out of 447 funds Morningstar RatingMorningstar Rating
Overall out of 654 fundsMorningstar 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

Apple Incorporated 2.58%
Medtronic Plc Common Stock Usd.1 2.37%
American International Group Incorporated 2.22%
Google Incorporated?Cl C 2.17%
Bio-rad Laboratories Incorporated 2.15%
The PNC Financial Services Group, Incorporated 1.83%
Citrix Sytems, Incorporated 1.80%
Citigroup Incorporated 1.75%
Carnival Corporation 1.62%
Regions Financial Corporation 1.62%

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

Information Technology 19.02%
Financials 18.02%
Consumer Discretionary 17.54%
Industrials 12.59%
Health Care 11.70%
Energy 7.67%
Consumer Staples 7.25%
Materials 5.01%
Cash 1.20%
Telecommunication Services 0.00%
Portfolio holdings and sectors are subject to change and may have changed since the date specified.

FUND STORY

PORTFOLIO MANAGER


Ann M. Miletti

Ann M. Miletti
Years of investment
experience: 19


The Fund

The Wells Fargo Advantage Opportunity FundSM seeks long-term capital appreciation by principally investing in equity securities of all market capitalizations that management believes are underpriced yet have attractive growth prospects.

Competitive Advantages

  • Private market price (PMP) approach: By constantly measuring a company's "private market value," the team is better able to assess a company's worth and act decisively when "market emotion" drives the price of a solid business down to discount levels. Additionally, the PMV investment process helps to discern differences between mispriced stocks and those with cheap valuations, improving the team's likelihood to generate alpha.
  • Opportunistic core approach: The PMP investment approach is designed to be growth- and value-neutral, with the flexibility to opportunistically invest in the best ideas at either end of the growth and value spectrum.

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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