MutualFundWire.com: Wells Fargo Finishes Fund Mergers
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MutualFundWire.com
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Tuesday, July 22, 2008
Wells Fargo Finishes Fund Mergers
Wells Fargo finished the mergers of 15 Wells Fargo Advantage funds last week. The funds board approved the mergers in November of 2007. The names of the surviving fund in each merger will not change.
"We have combined Funds with similar investment objectives to eliminate product overlap, while at the same time making our fund family lineup easier for clients to navigate," said Karla Rabusch, president of Wells Fargo Advantage Funds.
Company Press Release
SAN FRANCISCO, Jul 22, 2008 (BUSINESS WIRE) -- WFC | Quote | Chart | News | PowerRating -- Wells Fargo Funds Management, LLC, announced today that mergers of 15 Wells Fargo Advantage Funds were completed at the close of business on July 18, 2008.
"Streamlining our roster of funds makes sense for our shareholders," said Karla Rabusch, president of Wells Fargo Advantage Funds. "In each case, we have combined Funds with similar investment objectives to eliminate product overlap, while at the same time making our fund family lineup easier for clients to navigate."
The Wells Fargo Advantage Funds Board of Trustees approved the fund mergers in November 2007. The fund reorganizations were announced to shareholders in December 2007 and, when necessary, approved by fund shareholders during the second quarter of 2008.
The following list of former Funds have now been integrated into the surviving Funds, effective July 18, 2008. With one exception, the names of the surviving Funds have not changed as a result of the mergers.
Mutual fund investing involves risks, including the possible loss of principal. Consult a Fund's prospectus for additional information on risks.
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 www.wellsfargo.com/advantagefunds. Read it carefully before investing.
Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, offers investment solutions for individual and institutional investors. Through its Wells Fargo Advantage Funds, the firm offers over 100 funds across a wide range of asset classes representing more than $149 billion in assets under management, as of 6-30-08. Wells Fargo Funds Management, LLC 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. 106342 07-08
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