Aldo Ceccarelli named portfolio manager of three asset allocation

May 1, 2014

Aldo Ceccarelli named portfolio manager of three asset allocation funds Effective today, Thursday, May 1, 2014, Aldo Ceccarelli, CFA, has been added as portfolio manager on three Wells Fargo Advantage Funds. Mr. Ceccarelli, who is head of investments for Wells Fargo Funds Management, LLC, replaces Andrew Owen, CFA, who has assumed a new role as the head of the Affiliated Managers Division of Wells Fargo Asset Management and is no longer a portfolio manager on the same three funds, also effective today. The three mutual funds are the Wells Fargo Advantage Moderate Balanced Fund, the Wells Fargo Advantage Growth Balanced Fund, and the Wells Fargo Advantage Diversified Equity Fund. Management of the funds remains otherwise unchanged, with teams of experienced portfolio managers. Fund managers (and their years of investment industry experience) are as follows: 

Wells Fargo Advantage Moderate Balanced Fund: Christian Chan, CFA (17); Kandarp Acharya, CFA, FRM (15); Thomas Biwer, CFA (31); Erik Sens, CFA (25)

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Wells Fargo Advantage Growth Balanced Fund: Christian Chan, CFA (17); Kandarp Acharya, CFA, FRM (15); Thomas Biwer, CFA (31); Erik Sens, CFA (25)

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Wells Fargo Advantage Diversified Equity Fund: Thomas Biwer, CFA (31), and Erik Sens, CFA (25)

Aldo Ceccarelli has 18 years of investment industry experience and is head of investments at Wells Fargo Funds Management, managing a team of analysts responsible for manager selection and oversight of subadvisors. He was previously manager of the fixed-income analysis team and a fixed-income analyst. Prior to joining Wells Fargo in 2002, Mr. Ceccarelli worked on the fixed-income team at Montgomery Asset Management. He earned a bachelor’s degree in business administration with an emphasis in economics from Santa Clara University. Mr. Ceccarelli has earned the right to use the Chartered Financial Analyst® (CFA®) designation.

Mutual fund investing involves risks, including the possible loss of principal, and may not be appropriate for all investors. 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. Funds that concentrate their investments in a single industry may face increased risk of price fluctuation over more diversified funds due to adverse developments within that industry. Foreign investments are especially volatile and can rise or fall dramatically due to differences in the political and economic conditions of the host country. These risks are generally intensified in emerging markets. Smaller- and mid-cap stocks tend to be more volatile and less liquid than those of larger companies. High-yield securities have a greater risk of default and tend to be more volatile than higher-rated debt securities. Consult a fund's prospectus for additional information on these and other risks. 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 Fargo Asset Management is a trade name used by the asset management businesses of Wells Fargo & Company. 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 funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate of Wells Fargo & Company. 224953 05-14 NOT FDIC INSURED  NO BANK GUARANTEE  MAY LOSE VALUE