Alternative Strategies Fund – WALTX

 


 

Share Price 09-04-15 $10.36
Daily Change -0.03
YTD Return 0.97%
Inception Date 04-30-2014
Net Fund Assets 07-31-2015 $101,563,814.13

PERFORMANCE

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

  1-year 3-year 5-year 10-year Inception
NAV 5.96 -- -- -- 6.26
POP -0.15 -- -- -- 1.00

Barclays U.S. Aggregate Bond Index

  1-year 3-year 5-year 10-year Inception
  1.86 -- -- -- --

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.

The Barclays U.S. Aggregate Bond Index is composed of the Barclays U.S. Government/Credit Index and the Barclays U.S. Mortgage-Backed Securities Index, and includes U.S. Treasury issues, agency issues, corporate bond issues, and mortgage-backed securities. You cannot invest directly in an index.

EXPENSES %

Net Expense Ratio effective since 08-01-15 2.83%
Gross Expense Ratio 3.74%

Important disclosure

The advisor has committed, through 10-31-16, 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 2.22%. Without this cap, the fund's returns would have been lower.

FUND STORY

PORTFOLIO MANAGERS


Sudhir Krishnamurthi

Sudhir Krishnamurthi
Years of investment
experience: 28

 

Kenneth LaPlace

Kenneth LaPlace
Years of investment
experience: 19

 

Ronald van der Wouden

Ronald van der Wouden
Years of investment
experience: 18


The Fund

The Wells Fargo Advantage Alternative Strategies Fund seeks to achieve relatively low sensitivity and low volatility relative to major equity markets, primarily by allocating assets across a number of alternative investment strategies, each of which may invest in a broad array of security types. These alternative investment strategies include equity hedged, event driven, relative value, and global macro strategies.

Competitive Advantages


Risks

The fund does not invest directly in hedge funds, but pursues similar strategies to those typically used by hedge funds. The fund invests using alternative investment strategies such as equity hedged, event driven, relative value, and global macro, which are speculative and entail a high degree of risk. Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. Bond values fluctuate in response to the financial condition of individual issuers, general market and economic conditions, and changes in interest rates. In general, when interest rates rise, bond values fall and investors may lose principal. 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. Borrowing money to purchase securities or cover short positions magnifies losses and incurs expenses. Short selling is generally considered speculative, has the potential for unlimited loss, and may involve leverage. Certain investment strategies tend to increase the total risk of an investment (relative to the broader market). This fund is exposed to high-yield securities risk, mortgage- and asset-backed securities risk, convertible securities risk, loan 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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