SAN FRANCISCO, Sept. 20 /PRNewswire-FirstCall/ -- Wells Fargo Funds Management, LLC, today announced the launch of institutional share classes for six mutual funds offered by Wells Fargo Advantage Funds.
"The addition of institutional share classes for these funds was driven by demand from plan sponsors and administrators of large retirement plans that are seeking to benefit from economies of scale," said Randy Henze, senior vice president and national sales manager for the Institutional channel. "As retirement plan assets continue to grow across the industry, it is our goal to provide access to our premier investment managers while ensuring appropriate packaging and pricing for our clients."
The new institutional share classes will be applied to the following Wells Fargo Advantage Funds:
Domestic Funds Wells Fargo Advantage Equity Value Fund Wells Fargo Advantage Discovery Fund(SM) Wells Fargo Advantage Large Cap Appreciation Fund Wells Fargo Advantage Small/Mid Cap Value Fund International Funds Wells Fargo Advantage International Equity Fund Wells Fargo Advantage International Value Fund
Stock funds should only be considered for long-term goals as values fluctuate in response to the activities of individual companies and general market and economic conditions. Some funds, including non-diversified funds and funds investing in foreign investments, 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.
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 website www.wellsfargo.com/advantagefunds . Read it carefully before investing.
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 NASD/SIPC, an affiliate of Wells Fargo & Company.
NOT FDIC INSURED * NO BANK GUARANTEE * MAY LOSE VALUE
Source: Wells Fargo Funds Management, LLC