Wells Fargo Funds Management
has launched a new share class of its Wells Fargo Advantage Heritage Money Market
and Wells Fargo Advantage Cash Investment Money Market Fund
. The new Select Class shares are offered to institutional investors who make an initial money market investment of $50 million or more. In return for their investment, the Select Class shares charge a net expense ratio of 13 bps.
Wells Fargo Funds
Management, LLC, one of the 15th largest providers of money market mutual
funds and the nation's 18th-largest mutual fund firm has launched a new
Select share class of its Wells Fargo Advantage Heritage Money Market
Fund(SM) and Wells Fargo Advantage Cash Investment Money Market Fund.
The Select Class shares are offered to institutional investors who make
an initial money market investment of $50 million or more. In return for
their investment, the Select Class shares charge a net expense ratio of
"We believe these new lower-priced Select Class shares should appeal to
large corporate and institutional investors whose cash investments have
risen to unprecedented levels in recent years," said portfolio manager
David Sylvester. "The new shares, combined with our conservative and highly
disciplined approach to investing, make both of these Funds competitive,
high-quality alternatives to individual short-term liquidity instruments."
The new share class, along with the existing share classes of the two
funds, will be managed by Sylvester, portfolio manager and head of Wells
Capital Management's money market team. He manages more than $85 billion in
money market assets across the Wells Fargo Advantage Funds(R) family and
has more than 32 years experience in managing fixed-income portfolios and
"Select shares aim to serve the growing number of large institutional
investors who favor pricing that allows them to increase yield potential on
their investments." said Brad Marcus, senior vice president of Wells Fargo
Funds Management, "The launch of Select Class shares demonstrates our
commitment to the institutional marketplace and to providing investment
solutions with appropriate pricing."
Wells Fargo Funds Management has more than $85 billion in money market
fund assets under management as of 5-31-07. The following Wells Fargo
Advantage Funds are on the NAIC's List of Approved Mutual Funds.
Investors Service (together "rating agencies"). Standard & Poor's is a
trademark of McGraw-Hill, Inc. and has been licensed. The Fund is not
sponsored, endorsed, sold, or promoted by these rating agencies, and these
rating agencies make no representation regarding the advisability of
investing in the Fund.
The National Association of Insurance Commissioners (NAIC) is the
organization of insurance regulators from the 50 states, the District of
Columbia, and the four U.S. territories. The NAIC provides a forum for the
development of uniform policy when uniformity is appropriate. A fund is
NAIC approved when it is on the List of Approved Mutual Funds pursuant to
Part 4, Section 6 (d) of the Securities Valuation Office (SVO) Purposes and
Procedures Manual of the NAIC.
Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells
Fargo & Company, offers investment solutions for individual and
institutional investors. The firm manages the EdVest(SM) and tomorrow's
scholar(R) college savings plans, as well as Wells Fargo Advantage Funds, a
family of more than 120 Funds across a wide range of asset classes,
representing more than $131 billion in total assets under management, as of
5-31-07. Wells Fargo Funds Management also provides portfolio management
services through its Wells Fargo Advisor(SM) program and customized
investment solutions through Wells Fargo Managed Account Services, which is
a program of professionally managed portfolios consisting of individual
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.
Carefully consider a fund's investment objectives, risks, charges, and
expenses before investing. For a current prospectus, containing this and
other information, call 1-800-222-8222 or visit our Web site,
http://www.wellsfargo.com/advantagefunds. Read it carefully before
EdVest and tomorrow's scholar are state-sponsored 529 college savings
plans administered by the Wisconsin Office of the State Treasurer. Wells
Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo &
Company, provides investment advisory and administrative services for Wells
Fargo Advantage Funds, the EdVest and tomorrow's scholar plans, the Wells
Fargo Advisor program, and Wells Fargo Managed Account Services. Other
affiliates of Wells Fargo & Company provide subadvisory and other services
for the Funds. The Funds and shares in the 529 plans are distributed by
Wells Fargo Funds Distributor, LLC, Member NASD/SIPC, an affiliate of Wells
Fargo & Company.
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