Money Market Fund Summary
Class/Ticker: Class A - STGXX; Class B - N/A; Class C - N/A
Summary Prospectus
June 1, 2013
|
Link to Prospectus
|
Link to SAI
|
Before you invest, you may want to review the Fund's prospectus, which contains more information about the Fund and its risks.
You can find the Fund's prospectus and other information about the Fund online at wellsfargoadvantagefunds.com/reports. You
can also get information at no cost by calling 1-800-222-8222, or by sending an email request to wfaf@wellsfargo.com. The
current prospectus ("Prospectus") and statement of additional information ("SAI") dated June 1, 2013 are incorporated by reference
into this summary prospectus. The Fund's SAI may be obtained, free of charge, in the same manner as the Prospectus.
Investment Objective
The Fund seeks current income, while preserving capital and liquidity.
Fees and Expenses
These tables are intended to help you understand the various costs and expenses you will pay if you buy and hold shares of
the Fund.
|
Shareholder Fees (fees paid directly from your investment)
|
Class A
|
Class B
|
Class C
|
|
Maximum sales charge (load) imposed on purchases
(as a percentage of the offering price)
|
None
|
None
|
None
|
|
Maximum deferred sales charge (load) (
as a percentage of the offering price
)
|
None
|
5.00%
|
1.00%
|
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|
|
Class A
|
Class B
|
Class C
|
|
Management Fees
|
0.28%
|
0.28%
|
0.28%
|
|
Distribution (12b-1) Fees
|
0.00%
|
0.75%
|
0.75%
|
|
Other Expenses
|
0.52%
|
0.52%
|
0.52%
|
|
Total Annual Fund Operating Expenses
|
0.80%
|
1.55%
|
1.55%
|
|
Fee Waiver
|
0.10%
|
0.10%
|
0.10%
|
|
Total Annual Fund Operating Expenses After Fee Waiver
1
|
0.70%
|
1.45%
|
1.45%
|
|
1.
|
The Adviser has committed through May 31, 2014 to waive fees and/or reimburse expenses to the extent necessary to cap the
Fund's Total Annual Fund Operating Expenses After Fee Waiver at the amounts shown above. Brokerage commissions, stamp duty
fees, interest, taxes, acquired fund fees and expenses and extraordinary expenses are excluded from the cap. After this time,
the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees.
|
Example of Expenses
The example below is intended to help you compare the costs of investing in the Fund with the costs of investing in other
mutual funds. The example assumes a $10,000 initial investment, 5% annual total return, and that operating expenses remain
the same as in the tables above. The example also assumes that the Total Annual Fund Operating Expenses After Fee Waiver shown
above will only be in place for the length of the current waiver commitment. Although your actual costs may be higher or lower,
based on these assumptions your costs would be:
|
|
Assuming Redemption at End of Period
|
|
|
Assuming No Redemption
|
|
After:
|
Class A
|
Class B
|
Class C
|
|
|
Class B
|
Class C
|
|
1 Year
|
$72
|
$648
|
$248
|
|
|
$148
|
$148
|
|
3 Years
|
$245
|
$780
|
$480
|
|
|
$480
|
$480
|
|
5 Years
|
$434
|
$1,035
|
$835
|
|
|
$835
|
$835
|
|
10 Years
|
$981
|
$1,540
|
$1,837
|
|
|
$1,540
|
$1,837
|
Principal Investment Strategies
Under normal circumstances, we invest:
We will only purchase First Tier securities. These include, but are not limited to, bank obligations such as time deposits
and certificates of deposit, government securities, asset-backed securities, commercial paper, corporate bonds, municipal
securities and repurchase agreements. These investments may have fixed, floating, or variable rates of interest and may be
obligations of U.S. or foreign issuers. We may invest more than 25% of the Fund's total assets in U.S. dollar-denominated
obligations of U.S. banks.
Our security selection is based on several factors, including credit quality, yield and maturity, while taking into account
the Fund's overall level of liquidity and weighted average maturity.
Principal Investment Risks
An investment in the Fund may lose money, is not a deposit of Wells Fargo Bank, N.A. or its affiliates, is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, and is primarily subject to the
risks briefly summarized below.
Counter-Party Risk.
A Fund may incur a loss if the other party to an investment contract, such as a derivative or a repurchase or reverse repurchase
agreement, fails to fulfill its contractual obligation to the Fund.
Debt Securities Risk.
The issuer of a debt security may fail to pay interest or principal when due, and the value of a debt security may decline
if an issuer defaults or if its credit quality deteriorates. Changes in market interest rates may reduce the value of debt
securities or reduce the Fund's returns.
Foreign Investment Risk.
Foreign investments face the potential of heightened illiquidity, greater price volatility and adverse effects of political,
regulatory, tax, currency, economic or other macroeconomic developments.
Issuer Risk.
The value of a security may decline because of adverse events or circumstances that directly relate to conditions at the
issuer or any entity providing it credit or liquidity support.
Management Risk.
There is no guarantee of the Fund's performance or that the Fund will meet its objective. The market value of your investment
may decline and you may suffer investment loss.
Market Risk.
The market price of securities owned by the Fund may rapidly or unpredictably decline due to factors affecting securities
markets generally or particular industries.
Money Market Fund Risk.
Although the Fund seeks to maintain the value of your investment at $1.00 per share, there is no assurance that it will be
able to do so, and it is possible to lose money by investing in the Fund.
Municipal Securities Risk.
Municipal securities rely on the creditworthiness or revenue production of their issuers or auxiliary credit enhancement
features. The Fund may invest 25% or more of its total assets in municipal securities that are related in such a way that
political, economic or business developments affecting one obligation would affect the others. Tax authorities are paying
increased attention as to whether interest on municipal obligations is tax exempt, and we cannot assure you that a tax authority
will not successfully challenge the exemption of a bond held by the Fund. The ongoing issues facing the national economy are
negatively impacting the economic performance of many issuers of municipal securities, and may increase the likelihood that
issuers of securities in which the Fund may invest may be unable to meet their obligations.
Regulatory Risk.
Changes in government regulations may adversely affect the value of a security. An insufficiently regulated industry or market
might also permit inappropriate practices that adversely affect an investment.
U.S. Government Obligations Risk.
U.S. Government obligations may be adversely affected by changes in interest rates, a default by, or decline in the credit
quality of, the U.S. Government, and may not be backed by the full faith and credit of the U.S. Government.
Performance
The following information provides some indication of the risks of investing in the Fund by showing changes in the Fund's
performance from year to year. Past performance is no guarantee of future results. Current month-end performance is available
on the Fund's Web site at
wellsfargoadvantagefunds.com
. To obtain a current 7-day yield for the Fund call toll-free 1-800-222-8222.
Calendar Year Total Returns as of 12/31 each year
Class A
|
Highest Quarter:
3rd Quarter 2007
|
+1.19%
|
|
Lowest Quarter:
3rd Quarter 2010
|
+0.00%
|
|
Year-to-date total return as of 3/31/2013 is 0.00%
|
|
|
Average Annual Total Returns for the periods ended 12/31/2012 (Returns reflect applicable sales charges)
|
|
|
Inception Date of Share Class
|
1 Year
|
5 Year
|
10 Year
|
|
Class A
|
7/1/1992
|
0.01%
|
0.47%
|
1.50%
|
|
Class B
|
7/1/1992
|
(4.99)%
|
(0.10)%
|
1.10%
|
|
Class C
|
6/30/2010
|
(0.99)%
|
0.30%
|
1.10%
|
Fund Management
|
Adviser
|
Sub-Adviser
|
|
Wells Fargo Funds Management, LLC
|
Wells Capital Management Incorporated
|
Purchase and Sale of Fund Shares
In general, you can buy or sell shares of the Fund by mail, internet, phone or wire on any day the New York Stock Exchange
is open for regular trading. You also may buy and sell shares through a financial professional.
|
Minimum Investments
|
To Buy or Sell Shares
|
|
Minimum Initial Investment
Regular Accounts: $1,000
IRAs, IRA Rollovers, Roth IRAs: $250
UGMA/UTMA Accounts: $50
Employer Sponsored Retirement Plans: No Minimum
Class B shares are generally closed to new investments.
Class C shares are available only to shareholders making an exchange out of Class C shares of another mutual fund within
the Wells Fargo Advantage family of funds.
Minimum Additional Investment
Regular Accounts, IRAs, IRA Rollovers, Roth IRAs: $100
UGMA/UTMA Accounts: $50
Employer Sponsored Retirement Plans: No Minimum
|
Mail:
Wells Fargo Advantage Funds
P.O. Box 8266
Boston, MA 02266-8266
Internet:
wellsfargoadvantagefunds.com
Phone or Wire:
1-800-222-8222
Contact your financial professional.
|
Tax Information
Any distributions you receive from the Fund may be taxable as ordinary income or capital gains, except when your investment
is in an IRA, 401(k) or other tax advantaged investment plan. However, subsequent withdrawals from such a tax advantaged investment
plan may be subject to federal income tax. You should consult your tax adviser about your specific tax situation.
Payments to Broker-Dealers and Other Financial Intermediaries
If you purchase the Fund through a broker-dealer or other financial intermediary (such as a bank), the Fund and its related
companies may pay the intermediary for the sale of Fund shares and related services. These payments may create a conflict
of interest by influencing the broker-dealer or other intermediary and your salesperson to recommend the Fund over another
investment. Consult your salesperson or visit your financial intermediary's Web site for more information.
|
Link to Prospectus
|
Link to SAI
|
Money Market Fund Summary
Class: Daily Class
Summary Prospectus
June 1, 2013
|
Link to Prospectus
|
Link to SAI
|
Before you invest, you may want to review the Fund's prospectus, which contains more information about the Fund and its risks.
You can find the Fund's prospectus and other information about the Fund online at wellsfargoadvantagefunds.com/reports. You
can also get information at no cost by calling 1-800-222-8222, or by sending an email request to wfaf@wellsfargo.com. The
current prospectus ("Prospectus") and statement of additional information ("SAI") dated June 1, 2013 are incorporated by reference
into this summary prospectus. The Fund's SAI may be obtained, free of charge, in the same manner as the Prospectus.
Investment Objective
The Fund seeks current income, while preserving capital and liquidity.
Fees and Expenses
These tables are intended to help you understand the various costs and expenses you will pay if you buy and hold shares of
the Fund.
|
Shareholder Fees (fees paid directly from your investment)
|
|
|
|
|
|
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
|
None
|
|
Maximum deferred sales charge (load) (as a percentage of offering price)
|
None
|
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|
|
|
|
Management Fees
|
0.28%
|
|
Distribution (12b-1) Fees
|
0.25%
|
|
Other Expenses
|
0.52%
|
|
Total Annual Fund Operating Expenses
|
1.05%
|
|
Fee Waiver
|
0.05%
|
|
Total Annual Fund Operating Expenses After Fee Waiver
1
|
1.00%
|
|
1.
|
The Adviser has committed through May 31, 2014 to waive fees and/or reimburse expenses to the extent necessary to cap the
Fund's Total Annual Fund Operating Expenses After Fee Waiver at the amounts shown above. Brokerage commissions, stamp duty
fees, interest, taxes, acquired fund fees and expenses and extraordinary expenses are excluded from the cap. After this time,
the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees.
|
Example of Expenses
The example below is intended to help you compare the costs of investing in the Fund with the costs of investing in other
mutual funds. The example assumes a $10,000 initial investment, 5% annual total return, and that operating expenses remain
the same as in the tables above. The example also assumes that the Total Annual Fund Operating Expenses After Fee Waiver shown
above will only be in place for the length of the current waiver commitment. Although your actual costs may be higher or lower,
based on these assumptions your costs would be:
|
|
|
|
After:
|
|
|
1 Year
|
$102
|
|
3 Years
|
$329
|
|
5 Years
|
$575
|
|
10 Years
|
$1,278
|
Principal Investment Strategies
Under normal circumstances, we invest:
We will only purchase First Tier securities. These include, but are not limited to, bank obligations such as time deposits
and certificates of deposit, government securities, asset-backed securities, commercial paper, corporate bonds, municipal
securities and repurchase agreements. These investments may have fixed, floating, or variable rates of interest and may be
obligations of U.S. or foreign issuers. We may invest more than 25% of the Fund's total assets in U.S. dollar-denominated
obligations of U.S. banks.
Our security selection is based on several factors, including credit quality, yield and maturity, while taking into account
the Fund's overall level of liquidity and weighted average maturity.
Principal Investment Risks
An investment in the Fund may lose money, is not a deposit of Wells Fargo Bank, N.A. or its affiliates, is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, and is primarily subject to the
risks briefly summarized below.
Counter-Party Risk.
A Fund may incur a loss if the other party to an investment contract, such as a derivative or a repurchase or reverse repurchase
agreement, fails to fulfill its contractual obligation to the Fund.
Debt Securities Risk.
The issuer of a debt security may fail to pay interest or principal when due, and the value of a debt security may decline
if an issuer defaults or if its credit quality deteriorates. Changes in market interest rates may reduce the value of debt
securities or reduce the Fund's returns.
Foreign Investment Risk.
Foreign investments face the potential of heightened illiquidity, greater price volatility and adverse effects of political,
regulatory, tax, currency, economic or other macroeconomic developments.
Issuer Risk.
The value of a security may decline because of adverse events or circumstances that directly relate to conditions at the
issuer or any entity providing it credit or liquidity support.
Management Risk.
There is no guarantee of the Fund's performance or that the Fund will meet its objective. The market value of your investment
may decline and you may suffer investment loss.
Market Risk.
The market price of securities owned by the Fund may rapidly or unpredictably decline due to factors affecting securities
markets generally or particular industries.
Money Market Fund Risk.
Although the Fund seeks to maintain the value of your investment at $1.00 per share, there is no assurance that it will be
able to do so, and it is possible to lose money by investing in the Fund.
Municipal Securities Risk.
Municipal securities rely on the creditworthiness or revenue production of their issuers or auxiliary credit enhancement
features. The Fund may invest 25% or more of its total assets in municipal securities that are related in such a way that
political, economic or business developments affecting one obligation would affect the others. Tax authorities are paying
increased attention as to whether interest on municipal obligations is tax exempt, and we cannot assure you that a tax authority
will not successfully challenge the exemption of a bond held by the Fund. The ongoing issues facing the national economy are
negatively impacting the economic performance of many issuers of municipal securities, and may increase the likelihood that
issuers of securities in which the Fund may invest may be unable to meet their obligations.
Regulatory Risk.
Changes in government regulations may adversely affect the value of a security. An insufficiently regulated industry or market
might also permit inappropriate practices that adversely affect an investment.
U.S. Government Obligations Risk.
U.S. Government obligations may be adversely affected by changes in interest rates, a default by, or decline in the credit
quality of, the U.S. Government, and may not be backed by the full faith and credit of the U.S. Government.
Performance
The following information provides some indication of the risks of investing in the Fund by showing changes in the Fund's
performance from year to year. Past performance is no guarantee of future results. Current month-end performance is available
on the Fund's Web site at
wellsfargoadvantagefunds.com
. To obtain a current 7-day yield for the Fund call toll-free 1-800-222-8222.
Calendar Year Total Returns as of 12/31 each year
Daily Class
|
Highest Quarter: 3rd Quarter 2007
|
+1.19%
|
|
Lowest Quarter: 3rd Quarter 2010
|
+0.00%
|
|
Year-to-date total return as of 3/31/2013 is 0.00%
|
|
|
Average Annual Total Returns for the periods ended 12/31/2012
|
|
|
Inception Date of Share Class
|
1 Year
|
5 Year
|
10 Year
|
|
Daily Class
|
6/30/2010
|
0.01%
|
0.47%
|
1.50%
|
Fund Management
|
Adviser
|
Sub-Adviser
|
|
Wells Fargo Funds Management, LLC
|
Wells Capital Management Incorporated
|
Purchase and Sale of Fund Shares
You can buy Daily Class shares exclusively through a shareholder servicing agent who has entered into an agreement with us
to make investments in the Fund on your behalf. Share purchases are made through your Customer Account with a shareholder
servicing agent and are governed in accordance with the terms of the Customer Account. Shareholder servicing agents automatically
invest or "sweep" balances in your Customer Account into Daily Class shares. Please contact your shareholder servicing agent
for more information.
|
Minimum Investments
|
To Buy or Sell Shares
|
|
Fund shares have no minimum initial or subsequent purchase requirements.
|
Contact your shareholder servicing agent.
|
Tax Information
Any distributions you receive from the Fund may be taxable as ordinary income or capital gains, except when your investment
is in an IRA, 401(k) or other tax advantaged investment plan. However, subsequent withdrawals from such a tax advantaged investment
plan may be subject to federal income tax. You should consult your tax adviser about your specific tax situation.
Payments to Broker-Dealers and Other Financial Intermediaries
If you purchase the Fund through a broker-dealer or other financial intermediary (such as a bank), the Fund and its related
companies may pay the intermediary for the sale of Fund shares and related services. These payments may create a conflict
of interest by influencing the broker-dealer or other intermediary and your salesperson to recommend the Fund over another
investment. Consult your salesperson or visit your financial intermediary's Web site for more information.
|
Link to Prospectus
|
Link to SAI
|
Money Market Fund Summary
Class/Ticker: Investor Class - WMMXX
Summary Prospectus
June 1, 2013
|
Link to Prospectus
|
Link to SAI
|
Before you invest, you may want to review the Fund's prospectus, which contains more information about the Fund and its risks.
You can find the Fund's prospectus and other information about the Fund online at wellsfargoadvantagefunds.com/reports. You
can also get information at no cost by calling 1-800-222-8222, or by sending an email request to wfaf@wellsfargo.com. The
current prospectus ("Prospectus") and statement of additional information ("SAI") dated June 1, 2013 are incorporated by reference
into this summary prospectus. The Fund's SAI may be obtained, free of charge, in the same manner as the Prospectus.
Investment Objective
The Fund seeks current income, while preserving capital and liquidity.
Fees and Expenses
These tables are intended to help you understand the various costs and expenses you will pay if you buy and hold shares of
the Fund.
|
Shareholder Fees (fees paid directly from your investment)
|
|
|
|
|
|
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
|
None
|
|
Maximum deferred sales charge (load) (as a percentage of offering price)
|
None
|
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|
|
|
|
Management Fees
|
0.28%
|
|
Distribution (12b-1) Fees
|
0.00%
|
|
Other Expenses
|
0.55%
|
|
Total Annual Fund Operating Expenses
|
0.83%
|
|
Fee Waiver
|
0.18%
|
|
Total Annual Fund Operating Expenses After Fee Waiver
1
|
0.65%
|
|
1.
|
The Adviser has committed through May 31, 2014 to waive fees and/or reimburse expenses to the extent necessary to cap the
Fund's Total Annual Fund Operating Expenses After Fee Waiver at the amounts shown above. Brokerage commissions, stamp duty
fees, interest, taxes, acquired fund fees and expenses and extraordinary expenses are excluded from the cap. After this time,
the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees.
|
Example of Expenses
The example below is intended to help you compare the costs of investing in the Fund with the costs of investing in other
mutual funds. The example assumes a $10,000 initial investment, 5% annual total return, and that operating expenses remain
the same as in the tables above. The example also assumes that the Total Annual Fund Operating Expenses After Fee Waiver shown
above will only be in place for the length of the current waiver commitment. Although your actual costs may be higher or lower,
based on these assumptions your costs would be:
|
|
|
|
After:
|
|
|
1 Year
|
$66
|
|
3 Years
|
$247
|
|
5 Years
|
$443
|
|
10 Years
|
$1,009
|
Principal Investment Strategies
Under normal circumstances, we invest:
We will only purchase First Tier securities. These include, but are not limited to, bank obligations such as time deposits
and certificates of deposit, government securities, asset-backed securities, commercial paper, corporate bonds, municipal
securities and repurchase agreements. These investments may have fixed, floating, or variable rates of interest and may be
obligations of U.S. or foreign issuers. We may invest more than 25% of the Fund's total assets in U.S. dollar-denominated
obligations of U.S. banks.
Our security selection is based on several factors, including credit quality, yield and maturity, while taking into account
the Fund's overall level of liquidity and weighted average maturity.
Principal Investment Risks
An investment in the Fund may lose money, is not a deposit of Wells Fargo Bank, N.A. or its affiliates, is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, and is primarily subject to the
risks briefly summarized below.
Counter-Party Risk.
A Fund may incur a loss if the other party to an investment contract, such as a derivative or a repurchase or reverse repurchase
agreement, fails to fulfill its contractual obligation to the Fund.
Debt Securities Risk.
The issuer of a debt security may fail to pay interest or principal when due, and the value of a debt security may decline
if an issuer defaults or if its credit quality deteriorates. Changes in market interest rates may reduce the value of debt
securities or reduce the Fund's returns.
Foreign Investment Risk.
Foreign investments face the potential of heightened illiquidity, greater price volatility and adverse effects of political,
regulatory, tax, currency, economic or other macroeconomic developments.
Issuer Risk.
The value of a security may decline because of adverse events or circumstances that directly relate to conditions at the
issuer or any entity providing it credit or liquidity support.
Management Risk.
There is no guarantee of the Fund's performance or that the Fund will meet its objective. The market value of your investment
may decline and you may suffer investment loss.
Market Risk.
The market price of securities owned by the Fund may rapidly or unpredictably decline due to factors affecting securities
markets generally or particular industries.
Money Market Fund Risk.
Although the Fund seeks to maintain the value of your investment at $1.00 per share, there is no assurance that it will be
able to do so, and it is possible to lose money by investing in the Fund.
Municipal Securities Risk.
Municipal securities rely on the creditworthiness or revenue production of their issuers or auxiliary credit enhancement
features. The Fund may invest 25% or more of its total assets in municipal securities that are related in such a way that
political, economic or business developments affecting one obligation would affect the others. Tax authorities are paying
increased attention as to whether interest on municipal obligations is tax exempt, and we cannot assure you that a tax authority
will not successfully challenge the exemption of a bond held by the Fund. The ongoing issues facing the national economy are
negatively impacting the economic performance of many issuers of municipal securities, and may increase the likelihood that
issuers of securities in which the Fund may invest may be unable to meet their obligations.
Regulatory Risk.
Changes in government regulations may adversely affect the value of a security. An insufficiently regulated industry or market
might also permit inappropriate practices that adversely affect an investment.
U.S. Government Obligations Risk.
U.S. Government obligations may be adversely affected by changes in interest rates, a default by, or decline in the credit
quality of, the U.S. Government, and may not be backed by the full faith and credit of the U.S. Government.
Performance
The following information provides some indication of the risks of investing in the Fund by showing changes in the Fund's
performance from year to year. Past performance is no guarantee of future results. Current month-end performance is available
on the Fund's Web site at
wellsfargoadvantagefunds.com
. To obtain a current 7-day yield for the Fund call toll-free 1-800-222-8222.
Calendar Year Total Returns as of 12/31 each year
Investor Class
|
Highest Quarter: 3rd Quarter 2007
|
+1.21%
|
|
Lowest Quarter: 1st Quarter 2011
|
+0.00%
|
|
Year-to-date total return as of 3/31/2013 is 0.00%
|
|
|
Average Annual Total Returns for the periods ended 12/31/2012
|
|
|
Inception Date of Share Class
|
1 Year
|
5 Year
|
10 Year
|
|
Investor Class
|
4/8/2005
|
0.01%
|
0.51%
|
1.55%
|
Fund Management
|
Adviser
|
Sub-Adviser
|
|
Wells Fargo Funds Management, LLC
|
Wells Capital Management Incorporated
|
Purchase and Sale of Fund Shares
In general, you can buy or sell shares of the Fund by mail, internet, phone or wire on any day the New York Stock Exchange
is open for regular trading. You also may buy and sell shares through a financial professional.
|
Minimum Investments
|
To Buy or Sell Shares
|
|
Minimum Initial Investment
Regular Accounts: $2,500
IRAs, IRA Rollovers, Roth IRAs: $1,000
UGMA/UTMA Accounts: $1,000
Employer Sponsored Retirement Plans: No Minimum
Minimum Additional Investment
Regular Accounts, IRAs, IRA Rollovers, Roth IRAs: $100
UGMA/UTMA Accounts: $50
Employer Sponsored Retirement Plans: No Minimum
|
Mail:
Wells Fargo Advantage Funds
P.O. Box 8266
Boston, MA 02266-8266
Internet:
wellsfargoadvantagefunds.com
Phone or Wire:
1-800-222-8222
Contact your financial professional.
|
Tax Information
Any distributions you receive from the Fund may be taxable as ordinary income or capital gains, except when your investment
is in an IRA, 401(k) or other tax advantaged investment plan. However, subsequent withdrawals from such a tax advantaged investment
plan may be subject to federal income tax. You should consult your tax adviser about your specific tax situation.
Payments to Broker-Dealers and Other Financial Intermediaries
If you purchase the Fund through a broker-dealer or other financial intermediary (such as a bank), the Fund and its related
companies may pay the intermediary for the sale of Fund shares and related services. These payments may create a conflict
of interest by influencing the broker-dealer or other intermediary and your salesperson to recommend the Fund over another
investment. Consult your salesperson or visit your financial intermediary's Web site for more information.
|
Link to Prospectus
|
Link to SAI
|
Money Market Fund Summary
Class/Ticker: Service Class - WMOXX
Summary Prospectus
June 1, 2013
|
Link to Prospectus
|
Link to SAI
|
Before you invest, you may want to review the Fund's prospectus, which contains more information about the Fund and its risks.
You can find the Fund's prospectus and other information about the Fund online at wellsfargoadvantagefunds.com/reports. You
can also get information at no cost by calling 1-800-222-8222, or by sending an email request to wfaf@wellsfargo.com. The
current prospectus ("Prospectus") and statement of additional information ("SAI") dated June 1, 2013 are incorporated by reference
into this summary prospectus. The Fund's SAI may be obtained, free of charge, in the same manner as the Prospectus.
Investment Objective
The Fund seeks current income, while preserving capital and liquidity.
Fees and Expenses
These tables are intended to help you understand the various costs and expenses you will pay if you buy and hold shares of
the Fund.
|
Shareholder Fees (fees paid directly from your investment)
|
|
|
|
|
|
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
|
None
|
|
Maximum deferred sales charge (load) (as a percentage of offering price)
|
None
|
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|
|
|
|
Management Fees
|
0.28%
|
|
Distribution (12b-1) Fees
|
0.00%
|
|
Other Expenses
|
0.42%
|
|
Total Annual Fund Operating Expenses
|
0.70%
|
|
Fee Waiver
|
0.20%
|
|
Total Annual Fund Operating Expenses After Fee Waiver
1
|
0.50%
|
|
1.
|
The Adviser has committed through May 31, 2014 to waive fees and/or reimburse expenses to the extent necessary to cap the
Fund's Total Annual Fund Operating Expenses After Fee Waiver at the amounts shown above. Brokerage commissions, stamp duty
fees, interest, taxes, acquired fund fees and expenses and extraordinary expenses are excluded from the cap. After this time,
the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees.
|
Example of Expenses
The example below is intended to help you compare the costs of investing in the Fund with the costs of investing in other
mutual funds. The example assumes a $10,000 initial investment, 5% annual total return, and that operating expenses remain
the same as in the tables above. The example also assumes that the Total Annual Fund Operating Expenses After Fee Waiver shown
above will only be in place for the length of the current waiver commitment. Although your actual costs may be higher or lower,
based on these assumptions your costs would be:
|
|
|
|
After:
|
|
|
1 Year
|
$51
|
|
3 Years
|
$204
|
|
5 Years
|
$370
|
|
10 Years
|
$852
|
Principal Investment Strategies
Under normal circumstances, we invest:
We will only purchase First Tier securities. These include, but are not limited to, bank obligations such as time deposits
and certificates of deposit, government securities, asset-backed securities, commercial paper, corporate bonds, municipal
securities and repurchase agreements. These investments may have fixed, floating, or variable rates of interest and may be
obligations of U.S. or foreign issuers. We may invest more than 25% of the Fund's total assets in U.S. dollar-denominated
obligations of U.S. banks.
Our security selection is based on several factors, including credit quality, yield and maturity, while taking into account
the Fund's overall level of liquidity and weighted average maturity.
Principal Investment Risks
An investment in the Fund may lose money, is not a deposit of Wells Fargo Bank, N.A. or its affiliates, is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, and is primarily subject to the
risks briefly summarized below.
Counter-Party Risk.
A Fund may incur a loss if the other party to an investment contract, such as a derivative or a repurchase or reverse repurchase
agreement, fails to fulfill its contractual obligation to the Fund.
Debt Securities Risk.
The issuer of a debt security may fail to pay interest or principal when due, and the value of a debt security may decline
if an issuer defaults or if its credit quality deteriorates. Changes in market interest rates may reduce the value of debt
securities or reduce the Fund's returns.
Foreign Investment Risk.
Foreign investments face the potential of heightened illiquidity, greater price volatility and adverse effects of political,
regulatory, tax, currency, economic or other macroeconomic developments.
Issuer Risk.
The value of a security may decline because of adverse events or circumstances that directly relate to conditions at the
issuer or any entity providing it credit or liquidity support.
Management Risk.
There is no guarantee of the Fund's performance or that the Fund will meet its objective. The market value of your investment
may decline and you may suffer investment loss.
Market Risk.
The market price of securities owned by the Fund may rapidly or unpredictably decline due to factors affecting securities
markets generally or particular industries.
Money Market Fund Risk.
Although the Fund seeks to maintain the value of your investment at $1.00 per share, there is no assurance that it will be
able to do so, and it is possible to lose money by investing in the Fund.
Municipal Securities Risk.
Municipal securities rely on the creditworthiness or revenue production of their issuers or auxiliary credit enhancement
features. The Fund may invest 25% or more of its total assets in municipal securities that are related in such a way that
political, economic or business developments affecting one obligation would affect the others. Tax authorities are paying
increased attention as to whether interest on municipal obligations is tax exempt, and we cannot assure you that a tax authority
will not successfully challenge the exemption of a bond held by the Fund. The ongoing issues facing the national economy are
negatively impacting the economic performance of many issuers of municipal securities, and may increase the likelihood that
issuers of securities in which the Fund may invest may be unable to meet their obligations.
Regulatory Risk.
Changes in government regulations may adversely affect the value of a security. An insufficiently regulated industry or market
might also permit inappropriate practices that adversely affect an investment.
U.S. Government Obligations Risk.
U.S. Government obligations may be adversely affected by changes in interest rates, a default by, or decline in the credit
quality of, the U.S. Government, and may not be backed by the full faith and credit of the U.S. Government.
Performance
The following information provides some indication of the risks of investing in the Fund by showing changes in the Fund's
performance from year to year. Past performance is no guarantee of future results. Current month-end performance is available
on the Fund's Web site at
wellsfargoadvantagefunds.com
. To obtain a current 7-day yield for the Fund call toll-free 1-800-222-8222.
Calendar Year Total Returns as of 12/31 each year
Service Class
|
Highest Quarter: 3rd Quarter 2007
|
+1.21%
|
|
Lowest Quarter: 3rd Quarter 2010
|
+0.00%
|
|
Year-to-date total return as of 3/31/2013 is 0.00%
|
|
|
Average Annual Total Returns for the periods ended 12/31/2012
|
|
|
Inception Date of Share Class
|
1 Year
|
5 Year
|
10 Year
|
|
Service Class
|
6/30/2010
|
0.01%
|
0.51%
|
1.55%
|
Fund Management
|
Adviser
|
Sub-Adviser
|
|
Wells Fargo Funds Management, LLC
|
Wells Capital Management Incorporated
|
Purchase and Sale of Fund Shares
In general, you can buy or sell shares of the Fund by mail, internet, phone or wire on any day the New York Stock Exchange
is open for regular trading. You also may buy and sell shares through a financial professional.
|
Minimum Investments
|
To Buy or Sell Shares
|
|
Minimum Initial Investment
Service Class: $100,000
Minimum Additional Investment
Service Class: No Minimum
|
Mail:
Wells Fargo Advantage Funds
P.O. Box 8266
Boston, MA 02266-8266
Internet:
wellsfargoadvantagefunds.com
Phone or Wire:
1-800-222-8222
Contact your financial professional.
|
Tax Information
Any distributions you receive from the Fund may be taxable as ordinary income or capital gains, except when your investment
is in an IRA, 401(k) or other tax advantaged investment plan. However, subsequent withdrawals from such a tax advantaged investment
plan may be subject to federal income tax. You should consult your tax adviser about your specific tax situation.
Payments to Broker-Dealers and Other Financial Intermediaries
If you purchase the Fund through a broker-dealer or other financial intermediary (such as a bank), the Fund and its related
companies may pay the intermediary for the sale of Fund shares and related services. These payments may create a conflict
of interest by influencing the broker-dealer or other intermediary and your salesperson to recommend the Fund over another
investment. Consult your salesperson or visit your financial intermediary's Web site for more information.
|
Link to Prospectus
|
Link to SAI
|
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