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New Underlying Fund Within the Wells Fargo Advantage WealthBuilder PortfoliosSM

Our portfolio managers regularly examine the underlying funds within the Wells Fargo Advantage WealthBuilder Portfolios. As a result of this ongoing process, we recently replaced the Wells Fargo Advantage Large Company Growth Portfolio with the Columbia Marsico Focused Equities Fund because the Large Company Growth Portfolio has not met our investment criteria guidelines. The underlying fund replacement was made in all six WealthBuilder Portfolios.

The Columbia Marsico Focused Equities Fund was selected for the WealthBuilder Portfolios for several reasons. The fund has an experienced portfolio manager with a long tenure, Thomas Marsico, who has over 25 years of investment experience. Prior to founding Marsico Capital Management in 1997, Mr. Marsico was a portfolio manager at Janus and at Fred Alger Management. In addition, the Columbia Marsico Focused Equities Fund has historically had a strong investment track record. Lastly, the Columbia Marsico Focused Equities Fund complements the existing large-cap growth funds within the WealthBuilder Portfolios, including the Wells Fargo Advantage Endeavor Select FundSM and the T. Rowe Price Blue Chip Growth Fund.

The Wells Fargo Advantage WealthBuilder Portfolios now use the collective expertise of fund managers from these mutual fund families:

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

About the 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 WealthBuilder Portfolios in the series use a fund-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 one of more of the following risks: alternative investment risk, foreign investment risk, high-yield securities risk, mortgage- and asset-backed securities risk, and small company investment risk. Consult the WealthBuilder Portfolio's prospectus for additional information on these and other risks.