Traditional Small Cap Growth Fund – EGWAX

 


 

Share Price 08-27-15 $17.23
Daily Change 0.32
YTD Return -1.99%
Inception Date 04-15-1985
Net Fund Assets 07-31-2015 $134,943,888.38

PERFORMANCE

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

  1-year 3-year 5-year 10-year Inception
NAV 11.25 15.21 16.25 8.43 10.17
POP 4.84 12.96 14.88 7.78 9.95

Russell 2000 Growth Index

  1-year 3-year 5-year 10-year Inception
  12.34 20.11 19.33 9.86 --

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.

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.

EXPENSES %

Net Expense Ratio effective since 08-01-15 1.33%
Gross Expense Ratio 1.42%

Important disclosure

The advisor has committed, through 07-31-16, 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 1.33%. 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 Rating
10-Year out of 410 funds Morningstar RatingMorningstar Rating
Overall out of 664 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

PRA Group, Incorporated 3.20%
Clubcorp Holdings Inc Common Stock Usd.01 3.01%
Fleetmatics Group PLC Common Stock 2.95%
Qlik Technologies Incorporated Common Stock 2.61%
Sonic Corporation 2.54%
LogMeIn, Incorporated 2.51%
Globus Medical Incorporated - A 2.41%
Shutterfly, Incorporated 2.38%
Krispy Kreme Doughnuts, Incorporated 2.33%
Pool Corporation 2.32%

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

Health Care 25.65%
Information Technology 25.44%
Consumer Discretionary 18.40%
Industrials 12.63%
Financials 10.45%
Cash 3.69%
Consumer Staples 3.25%
Energy 0.49%
Materials 0.00%
Telecommunication Services 0.00%
Portfolio holdings and sectors are subject to change and may have changed since the date specified.

FUND STORY

PORTFOLIO MANAGER

 

Alexi Makkas
Years of investment
experience: 21


The Fund

The Wells Fargo Advantage Traditional Small Cap Growth Fund seeks capital appreciation by investing primarily in small-capitalization companies with catalysts for underappreciated, long-term growth.

Competitive Advantages

  • Invests in companies at the “sweet spots” of their lifecycles: The team's fundamentals-based research seeks to identify companies at the "sweet spots" of their lifecycles, where earnings exceed expectations and valuations increase.
  • Emphasizes high-quality and sustainable growth: The team focuses on companies it believes have high-quality characteristics and sustainable trends for earnings growth, aiming to limit downside volatility and produce superior risk-adjusted returns.

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. 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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