Asia Pacific Fund – WFAAX

 


 

Share Price 08-28-15 $11.52
Daily Change -0.01
YTD Return -3.36%
Inception Date 12-31-1993
Net Fund Assets 07-31-2015 $187,946,072.56

PERFORMANCE

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

  1-year 3-year 5-year 10-year Inception
NAV 9.12 13.57 11.14 7.63 4.95
POP 2.87 11.36 9.84 6.99 4.67

MSCI AC Asia Pacific Index

  1-year 3-year 5-year 10-year Inception
  2.84 10.37 8.05 6.38 --

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. Thisreport is not approved, reviewed or produced by MSCI.

EXPENSES %

Net Expense Ratio effective since 07-01-15 1.61%
Gross Expense Ratio 1.67%

Important disclosure

The advisor has committed, through 02-29-16, 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 1.60%. Without this cap, the fund's returns would have been lower.

MORNINGSTAR RATINGS as of 07-31-2015

Category = Diversified Pacific/Asia
3-Year out of 34 fundsMorningstar Rating
5-Year out of 29 funds Morningstar RatingMorningstar RatingMorningstar Rating
10-Year out of 17 funds Morningstar Rating
Overall out of 34 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

Resona Holdings Incorporated Npv 2.63%
Sumitomo Mitsui Trust Holdings, Incorporated 2.56%
Mitsui Fudosan Company, Limited 2.56%
Japan Airlines Company, Limited 1.93%
Mitsubishi UFJ Financial Group, Incorporated 1.81%
Industrial and Commercial Bank of China Limited 1.70%
China Construction Bank 1.62%
ORIX Corporation 1.56%
China Mobile Limited 1.53%
Alibaba Group Holding Sp Adr Adr Usd.000025 1.46%

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

Financials 30.40%
Industrials 16.72%
Information Technology 15.15%
Consumer Discretionary 8.72%
Cash 5.53%
Telecommunication Services 5.27%
Utilities 4.45%
Materials 4.34%
Health Care 3.55%
Energy 3.05%
Portfolio holdings and sectors are subject to change and may have changed since the date specified.

FUND STORY

PORTFOLIO MANAGERS


Anthony L.T. Cragg

Anthony L.T. Cragg
Years of investment
experience: 34


Alison Shimada

Alison Shimada
Years of investment
experience: 30


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.

Back

Not FDIC Insured • No Bank Guarantee • May Lose Value

©2015 Wells Fargo Funds Management, LLC. All rights reserved. Wells Fargo Funds Distributor, LLC, Member FINRA, an affiliate of Wells Fargo & Company.

Prospectus | Terms of use | Privacy | Proxy policies & voting records | Security policy | Contact us | Help | Full site