Seven Wells Fargo Advantage Funds Win Lipper Fund Awards

Fri Mar 15, 2013 11:27am EDT

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SAN FRANCISCO--(Business Wire)--
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 Awardsprogram 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.

1
        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.
      2
        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.
      3
        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).
      4
        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.
      5
        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).
      6
        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

Wells Fargo Advantage Funds®
Shareholder Inquiries:
1-800-359-3379
Media Contact:
John Roehm, 415-222-5338
john.o.roehm@wellsfargo.com

Copyright Business Wire 2013

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