Intrinsic Value Fund – EIVAX

 

On March 1, 2013, the Wells Fargo Advantage Equity Value Fund merged into the Wells Fargo Advantage Intrinsic Value Fund.
 

Share Price 09-03-15 $12.72
Daily Change 0.04
YTD Return -4.00%
Inception Date 08-01-2006
Net Fund Assets 07-31-2015 $1,195,849,118.23

PERFORMANCE

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

  1-year 3-year 5-year 10-year Inception
NAV 6.04 16.35 15.64 -- 8.18
POP -0.06 14.07 14.28 -- 7.47

Russell 1000 Value Index

  1-year 3-year 5-year 10-year Inception
  4.13 17.34 16.50 -- --

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 1000® Value Index measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values. You cannot invest directly in an index.

EXPENSES %

Net Expense Ratio effective since 07-01-15 1.11%
Gross Expense Ratio 1.17%

Important disclosure

The advisor has committed, through 11-30-16, 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 1.11%. Without this cap, the fund's returns would have been lower.

MORNINGSTAR RATINGS as of 07-31-2015

Category = Large Blend
3-Year out of 1394 fundsMorningstar RatingMorningstar Rating
5-Year out of 1234 funds Morningstar RatingMorningstar Rating
10-Year out of 867 funds N/A
Overall out of 1394 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

BB&T Corporation 3.26%
The Goldman Sachs Group, Incorporated 3.23%
The Boeing Company 2.79%
Abbott Laboratories 2.76%
The Walt Disney Company 2.75%
Lockheed Martin Corporation 2.72%
Time Warner Incorporated 2.72%
Anheuser-Busch InBev Spn ADR Depository Receipts 2.67%
TJX Companies Incorporated 2.58%
Honeywell International Incorporated 2.54%

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

Financials 19.74%
Information Technology 16.06%
Industrials 12.62%
Health Care 11.67%
Consumer Staples 10.10%
Consumer Discretionary 10.04%
Energy 7.95%
Cash 4.44%
Utilities 4.12%
Telecommunication Services 1.84%
Portfolio holdings and sectors are subject to change and may have changed since the date specified.

FUND STORY

PORTFOLIO MANAGER


Jeffrey Peck

Jeffrey Peck
Years of investment experience: 20

 

Jean-Baptiste Nadal, CFA

Jean-Baptiste Nadal, CFA
Years of investment
experience: 29

 

Jeffrey Peck

Miguel E. Giaconi, CFA
Years of investment
experience: 20


The Fund

The Wells Fargo Advantage Intrinsic Value Fund seeks long-term capital appreciation by employing a global perspective to identify 40 to 50 high-quality large-cap companies priced below an estimate of their intrinsic value.

Competitive Advantages

  • Catalysts: The team identifies company-specific catalysts that it believes will help a company attain its full value over a two- to four-year investment horizon. Catalysts may include a meaningful change in a company's products or services, a significant restructuring, or a change in management.
  • Attempt to limit downside risk: Two aspects of the team's strategy help to moderate risk – investing only in high-quality companies with established operating histories, financial strength, and strong management teams; and continually reviewing current holdings, which helps to identify potential fundamental deterioration early on.

Risks

Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. 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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