Emerging Growth Fund – WEMAX


The Fund is currently closed to most new investors.

Share Price 08-27-15 $15.67
Daily Change 0.27
YTD Return 2.28%
Inception Date 01-31-2007
Net Fund Assets 07-31-2015 $1,109,721,748.80



  1-year 3-year 5-year 10-year Inception
NAV 17.94 18.24 20.16 -- 9.47
POP 11.16 15.93 18.75 -- 8.70

Russell 2000 Growth Index

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

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.


Net Expense Ratio effective since 07-01-15 1.34%
Gross Expense Ratio 1.34%

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 1.37%. 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 Rating
5-Year out of 592 funds Morningstar RatingMorningstar RatingMorningstar RatingMorningstar Rating
10-Year out of 410 funds N/A
Overall out of 664 fundsMorningstar 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.


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

MarketAxess Holdings Incorporated 3.72%
Acadia Healthcare Company, Incorporated, Common Stock 3.72%
Proofpoint, Incorporated 3.58%
SPS Commerce, Incorporated 2.99%
Envestnet, Incorporated 2.75%
Fiesta Restaurant Group, Incorporated 2.46%
ExamWorks Group, Incorporated 2.46%
G-iii Apparel Group Limited 2.15%
Demandware, Incorporated 1.82%
Wageworks Incorporated 1.79%

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

Health Care 35.50%
Information Technology 29.39%
Consumer Discretionary 15.86%
Industrials 7.98%
Financials 6.51%
Cash 2.70%
Energy 1.55%
Telecommunication Services 0.51%
Consumer Staples 0.00%
Materials 0.00%
Portfolio holdings and sectors are subject to change and may have changed since the date specified.



Thomas C. Ognar, CFA

Thomas C. Ognar, CFA
Years of investment
experience: 21


Bruce C. Olson, CFA

Bruce C. Olson, CFA
Years of investment
experience: 29


Joseph M. Eberhardy, CFA

Joseph M. Eberhardy, CFA, CPA
Years of investment
experience: 22

The Fund

The Wells Fargo Advantage Emerging Growth Fund seeks long-term capital appreciation by principally investing in small-capitalization companies where growth is robust, sustainable, and not fully recognized by the market.

Competitive Advantages

  • Access to volatility-managed "pure growth": Focusing on companies where growth is robust, sustainable, and not fully recognized by the marketplace enables the team to exploit sizable gaps between market consensus and a company's true growth rate.
  • Fundamental, all-cap research: Conducting rigorous, bottom-up research across the market-capitalization spectrum provides powerful insights and an informational advantage that supports the team's efforts to identify the most attractive investment opportunities.
  • Continuous risk management and a strict sell discipline: These are critical elements ingrained in the team's investment process, given that fast-growing companies often command premium valuations and can be prone to higher volatility.


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.


Not FDIC Insured • No Bank Guarantee • May Lose Value

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