This voluntary action was taken to continue to support the AAAm and Aaa ratings of these Funds by Standard and Poor's and Moody's, respectively. This action was not necessary to maintain the one-dollar per share net asset value (NAV) of these Funds. All of the AAA-rated Wells Fargo Advantage Money Market Funds have, to date, continuously maintained their AAA fund ratings, uninterrupted, since such ratings were first assigned to the Funds. The Wells Fargo credit team continues to rigorously review the credit quality of its investments and seeks to promote the Funds' primary objectives of seeking current income while preserving capital and liquidity.
An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Wells Fargo Advantage Money Market Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund. The U.S. Government guarantee applies to certain of the underlying securities and NOT to shares of the Government money market funds. A portion of the tax-free and municipal money market funds' income may be subject to federal, state, and/or local income taxes or the alternative minimum tax (AMT).