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Fund Replacement Within the Wells Fargo Advantage WealthBuilder PortfoliosSM

Our portfolio managers regularly examine the underlying funds within the Wells Fargo Advantage WealthBuilder Portfolios to measure each underlying fund's individual performance as it relates to its respective peer group and investment style and to maintain diversification within the WealthBuilder Portfolios.

As a result of this ongoing process, we recently replaced the Wells Fargo Advantage Intermediate Government Income Fund with the Wells Fargo Advantage Government Securities Fund as an underlying fund holding within the four Wells Fargo Advantage WealthBuilder Portfolios that invest in both stock and bond mutual funds. This change was made because the managers of the WealthBuilder Portfolios wanted to lengthen the duration of the fixed-income component of each Portfolio to align more closely to its fixed-income benchmark. The change also expands the team of fixed-income portfolio managers who support the WealthBuilder Portfolios.

The change was made within the following WealthBuilder Portfolios:

  • Wells Fargo Advantage WealthBuilder Growth Allocation PortfolioSM
  • Wells Fargo Advantage WealthBuilder Growth Balanced PortfolioSM
  • Wells Fargo Advantage WealthBuilder Moderate Balanced PortfolioSM
  • Wells Fargo Advantage WealthBuilder Conservative Allocation PortfolioSM

The Wells Fargo Advantage WealthBuilder Portfolios continue to utilize the collective expertise of fund managers from these mutual fund families:

  • Wells Fargo Advantage Funds®
  • DWS Funds
  • ING Funds
  • John Hancock Funds
  • Oppenheimer Funds
  • PIMCO
  • T. Rowe Price
  • Thornburg

About Wells Fargo Advantage WealthBuilder Portfolios
The Wells Fargo Advantage WealthBuilder Portfolios were first introduced in 1997 and are part of our long history of pioneering asset allocation strategies. The Portfolios in the series utilize a funds-of-funds approach composed of both proprietary and nonproprietary mutual funds and offer investors a range of portfolios to match their risk profile. The portfolio managers apply the disciplines of Tactical Asset Allocation and Tactical Equity Allocation modeling to help manage risk and to capitalize on rotating market cycles.

Balanced funds may invest in stocks and bonds. 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 value. 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). These Portfolios are exposed to foreign investment risk, high-yield securities risk, and small company investment risk. Consult the Wells Fargo Advantage WealthBuilder Portfolios' prospectus for additional information on these and other risks.