Wells Fargo Funds Management, LLC, the investment advisor to Wells
Fargo Advantage Funds®, announced today that seven
of its funds were recipients of 2013 Lipper Fund Awards for consistent
returns. Six of the seven funds recognized are multi-year Lipper Fund
Award winners, including the Wells Fargo Advantage Growth Fund
and two national municipal fixed-income funds.
“We are pleased to have been recognized by Lipper for the strong
performance of our funds, most of which are receiving a Lipper Fund
Award for a second consecutive year,” said Karla Rabusch,
president of Wells Fargo Funds Management. “We believe our history of
winning these awards is a testament to the overall strength of our
product line as well as a reflection of our commitment to providing
top-tier investment solutions for our clients.”
Below is a list of the Wells Fargo Advantage Funds that received
2013 Lipper Fund Awards for consistent returns (as of 12-31-12).
Fund
|
|
|
|
Lipper classification
|
|
|
|
Award (3, 5, or 10 year)
|
|
|
|
Portfolio managers
|
Wells Fargo Advantage Asia Pacific Fund, Investor Class
|
|
|
|
Pacific Region Funds
|
|
|
|
10-year period (out of 19 funds)1 |
|
|
|
Anthony Cragg and Alison Shimada
|
Wells Fargo Advantage Growth Fund, Institutional Class*
|
|
|
|
Multi-Cap Growth Funds
|
|
|
|
Three-year period (out of 443 funds) and five-year period (out of
372 funds)2 |
|
|
|
Thomas Ognar, CFA; Bruce Olson, CFA; and Joseph Eberhardy, CFA, CPA
|
Wells Fargo Advantage Intrinsic World Equity Fund, Administrator
Class
|
|
|
|
Global Large-Cap Core Funds
|
|
|
|
Three-year period (out of 59 funds)
|
|
|
|
Gary Lisenbee; Jeffrey Peck; and Jean-Baptiste Nadal, CFA
|
Wells Fargo Advantage Municipal Bond Fund, Investor Class
|
|
|
|
General & Insured Municipal Debt Funds
|
|
|
|
10-year period (out of 160 funds)3 |
|
|
|
Lyle Fitterer, CFA, CPA, and Robert Miller
|
Wells Fargo Advantage Short Duration Government Bond Fund,
Institutional Class
|
|
|
|
Short U.S. Government Funds
|
|
|
|
Five-year period (out of 62 funds)4 |
|
|
|
Thomas O'Connor, CFA, and Troy Ludgood
|
Wells Fargo Advantage Short-Term Municipal Bond Fund, Investor Class
|
|
|
|
Short Municipal Debt Funds
|
|
|
|
10-year period (out of 42 funds)5 |
|
|
|
Lyle Fitterer, CFA, CPA, and Wendy Casetta
|
Wells Fargo Advantage Specialized Technology Fund, Class A
|
|
|
|
Science & Technology Funds
|
|
|
|
10-year period (out of 97 funds)6 |
|
|
|
Walter Price, Jr., CFA, and Huachen Chen, CFA
|
About the Lipper Fund Awards
The Lipper Fund Awards program honors funds that have excelled in
delivering consistently strong risk-adjusted performance relative to
peers. In addition, the Lipper Fund Awards program recognizes fund
families with high average scores for all funds within a particular
asset class or overall. The Lipper Fund Awards recognize funds in 23
countries in Asia, Europe, the Middle East, and the Americas. Lipper
designates award-winning funds in most individual classifications for
three-, five-, and 10-year periods and fund families with high average
scores for the three-year time period. The top three-year classification
winners and fund family winners receive trophies.
-
In 2012, the Wells Fargo Advantage Asia Pacific Fund, Investor
Class, was named the Best Pacific Region Fund (out of 20 funds) for
the 10-year period. In 2011, the Wells Fargo Advantage Asia Pacific
Fund, Investor Class, was named the Best Pacific Region Fund (out
of 19 funds) for the 10-year period.
-
In 2012, the Wells Fargo Advantage Growth Fund, Institutional
Class, was named the Best Multi-Cap Growth Fund (out of 328 funds) for
the five-year period.
-
In 2012, the Wells Fargo Advantage Municipal Bond Fund,
Investor Class, received an award. The fund was named the Best General
Municipal Debt Fund for the 10-year period (out of 158 funds). In
2011, the Wells Fargo Advantage Municipal Bond Fund,
Administrator Class, received two awards. The fund was named the Best
General & Insured Municipal Debt Fund for the three-year period (out
of 213 funds) and the five-year period (out of 195 funds).
-
In 2012, the Wells Fargo Advantage Short Duration Government Bond
Fund, Institutional Class, was named the Best Short U.S.
Government Fund (out of 71 funds) for the five-year period.
-
In addition to receiving a Lipper Fund Award this year, the Wells
Fargo Advantage Short-Term Municipal Bond Fund also received two
awards in 2012. The fund’s Institutional Class shares won the Best
Short Municipal Debt Fund for the three-year period (out of 63 funds),
and the Investor Class shares won for the 10-year period (out of 35
funds). In 2011, the Wells Fargo Advantage Short-Term Municipal
Bond Fund, Investor Class, received three awards. The fund was
named the Best Short Municipal Debt Fund for the three-year period
(out of 60 funds), the five-year period (out of 55 funds), and the
10-year period (out of 32 funds).
-
In 2012, the Wells Fargo Advantage Specialized Technology Fund,
Administrator Class, was named the Best Science & Technology Fund for
the 10-year period (out of 94 funds).
*The Wells Fargo Advantage Growth Fund is closed to most new
investors. For further information, please see the section titled
“Additional Purchase and Redemption Information” in the Statement of
Additional Information.
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. Some funds, including nondiversified funds and
funds investing in foreign investments, high-yield bonds, small- and
mid-cap stocks, and/or more volatile segments of the economy, entail
additional risk and may not be appropriate for all investors. Consult a
fund's prospectus for additional information on these and other risks.
For municipal income funds: A portion of the fund’s income may be
subject to federal, state, and/or local income taxes or the alternative
minimum tax (AMT). Any capital gains distributions may be taxable.
Performance for certain Wells Fargo Advantage Funds reflects a
predecessor fund’s performance and may be adjusted to reflect the Wells
Fargo Advantage Fund’s sales charges and/or expenses. Predecessor fund
information can be found in each fund’s prospectus.
Administrator Class, Institutional Class, and Investor Class shares are
sold without a front-end sales charge or contingent deferred sales
charge.
Carefully consider a fund’s investment objectives, risks, charges,
and expenses before investing. For a current prospectus and, if
available, a summary prospectus, containing this and other information,
visit wellsfargoadvantagefunds.com. Read it carefully before investing.
Wells Capital Management (WellsCap) is a registered investment advisor
and a wholly owned subsidiary of Wells Fargo Bank, N.A. WellsCap
provides investment management services for a variety of institutions.
About Wells Fargo Funds Management
Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells
Fargo & Company, provides investment advisory and administrative
services for Wells Fargo Advantage Funds®. Other
affiliates of Wells Fargo & Company provide subadvisory and other
services for the funds. The open-end funds are distributed by Wells
Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate of
Wells Fargo & Company. For more information on Wells Fargo
Advantage Funds, please visit wellsfargoadvantagefunds.com. 215615
03-13
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE