Filing by Wells Fargo Funds Trust pursuant to Rule 425 under the Securities Act of 1933 and deemed filed under Rule 14a-12(b) under the Securities Exchange Act of 1934.
Subject company: Evergreen Equity Trust (SEC File Nos. 333-37453)
Evergreen Fixed Income Trust (SEC File Nos. 333-37443)
Evergreen International Trust (SEC File Nos. 333-42195)
Evergreen Money Market Trust (SEC File Nos. 333-42181)
Evergreen Municipal Trust (SEC File Nos. 333-36033)
Evergreen Select Equity Trust (SEC File Nos. 333-36047)
Evergreen Select Fixed Income Trust (SEC File Nos. 333-36019)
Evergreen Select Money Market Trust (SEC File Nos. 333-37227)
P.O. Box 8266
Boston, Massachusetts 02205
January 20, 2010
The Integration of Our Fund Families Has Begun
Dear Valued Shareholder:
As a shareholder of an Evergreen Money Market Fund through the sweep in your brokerage account, we wanted to inform you about some important news. Recently, the Boards of Trustees of Wells Fargo Advantage Funds® and Evergreen Funds approved the merger of our fund families and a proposed new fund lineup that will be branded under the Wells Fargo Advantage Funds name. As you can see, we’ve made significant progress toward bringing our two organizations together. Specifics on the merger and the proposed new fund lineup are included in the accompanying supplement.
The proposed fund family was developed after thoughtful and thorough evaluation of each fund and the needs of our investors. We believe the result is a powerful and comprehensive array of products that leverages the strengths of both organizations to benefit you and your advisor through access to:
| • |
| Our combined investment expertise, with independent portfolio teams that will continue to adhere to their own distinct strategies and processes. |
| • |
| A family of mutual funds with even greater depth and breadth than before, including more choices in investment styles and strategies. |
| • |
| Complementary investment solutions, such as separately managed accounts, college investing plans, and retirement products. |
What to expect in the coming months
Proxies for the reorganization of our fund families are expected to be mailed to shareholders during the early part of the second quarter of 2010, with shareholder meetings held in early summer. Upon shareholder approval, the reorganizations (and other related changes) will likely be completed in mid-summer. Watch for additional information regarding the proxy mailings.
(over)
Additional information
We will continue to keep your advisor posted on our progress as we integrate our two organizations. In the meantime, for additional fund family merger information, please contact your financial advisor.
|
Sincerely, |
|
|
Karla M. Rabusch |
President |
Wells Fargo Advantage Funds |
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010.
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 Fund seeks 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.
For Section 529 plans, an investor’s or a designated beneficiary’s home state may offer state tax or other benefits that are only available for investments in that state’s qualified tuition program. Please consider this before investing.
Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. For a current prospectus, or current program description, containing this and other information, visit www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds and certain Section 529 plans, or www.evergreeninvestments.com for Evergreen Investments. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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 Managed Account Services, Wells Fargo Advantage Funds® and to certain 529 college savings plans. 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 FINRA/SIPC, an affiliate of Wells Fargo & Company. 119309 01-10
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NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE |
| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
Wells Fargo Advantage Funds®
P.O. Box 8266 | Boston, Massachusetts 02266
www.wellsfargo.com/advantagefunds
January 20, 2010
The Integration of Our Fund Families Has Begun
Dear Valued Shareholder:
Recently, the Boards of Trustees of Wells Fargo Advantage Funds® and Evergreen Funds approved the merger of our fund families and a proposed new fund lineup that will be branded under the Wells Fargo Advantage Funds name. As you can see, we’ve made significant progress toward bringing our two organizations together. Specifics on the merger and the proposed new fund lineup are included in the accompanying supplement.
The proposed fund family was developed after thoughtful and thorough evaluation of each fund and the needs of our investors. We believe the result is a powerful and comprehensive array of products that leverages the strengths of both organizations to benefit you through access to:
| • |
| Our combined investment expertise, with independent portfolio teams that will continue to adhere to their own distinct strategies and processes. |
| • |
| Fund choices with highly competitive fee structures that, for many shareholders, are expected to result in reductions in fund expenses. |
| • |
| A family of mutual funds with even greater depth and breadth than before, including more choices in investment styles and strategies. |
| • |
| Complementary investment solutions, such as separately managed accounts, college investing plans, and retirement products. |
What to expect in the coming months
Proxies for the reorganization of our fund families are expected to be mailed to shareholders during the early part of the second quarter of 2010, with shareholder meetings held in early summer. Upon shareholder approval, the reorganizations (and other related changes) will likely be completed in mid-summer. Watch for additional information regarding the proxy mailings.
(over)
For the most current updates on our progress as we integrate the two organizations, please visit our Web site at www.wellsfargo.com/advantagefunds, or call us anytime at 1.800.222.8222.
|
Sincerely, |
|
|
Karla M. Rabusch |
President |
Wells Fargo Advantage Funds |
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010.
For Section 529 plans, an investor’s or a designated beneficiary’s home state may offer state tax or other benefits that are only available for investments in that state’s qualified tuition program. Please consider this before investing.
Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. For a current prospectus, or current program description, containing this and other information, visit www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds and certain Section 529 plans, or www.evergreeninvestments.com for Evergreen Investments. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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 Managed Account Services, Wells Fargo Advantage Funds® and to certain 529 college savings plans. 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 FINRA/SIPC, an affiliate of Wells Fargo & Company. 116247 1-10
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NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE |
| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
P.O. Box 8266
Boston, Massachusetts 02205
January 20, 2010
The Integration of Our Fund Families Has Begun
Dear Valued Shareholder:
Recently, the Boards of Trustees of Wells Fargo Advantage Funds® and Evergreen Funds approved the merger of our fund families and a proposed new fund lineup that will be branded under the Wells Fargo Advantage Funds name. As you can see, we’ve made significant progress toward bringing our two organizations together. Specifics on the merger and the proposed new fund lineup are included in the accompanying supplement.
The proposed fund family was developed after thoughtful and thorough evaluation of each fund and the needs of our investors. We believe the result is a powerful and comprehensive array of products that leverages the strengths of both organizations to benefit you through access to:
| • |
| Our combined investment expertise, with independent portfolio teams that will continue to adhere to their own distinct strategies and processes. |
| • |
| Fund choices with highly competitive fee structures that, for many shareholders, are expected to result in reductions in fund expenses. |
| • |
| A family of mutual funds with even greater depth and breadth than before, including more choices in investment styles and strategies. |
| • |
| Complementary investment solutions, such as separately managed accounts, college investing plans, and retirement products. |
What to expect in the coming months
Proxies for the reorganization of our fund families are expected to be mailed to shareholders during the early part of the second quarter of 2010, with shareholder meetings held in early summer. Upon shareholder approval, the reorganizations (and other related changes) will likely be completed in mid-summer. Watch for additional information regarding the proxy mailings.
(over)
Additional information available online
We will continue to keep you posted on our progress as we integrate our two organizations. In the meantime, for additional fund family merger information, please visit our Web sites at www.wellsfargo.com/advantagefunds or www.evergreeninvestments.com. You may also call an Evergreen Customer Service representative at 1.800.343.2898, Monday through Friday, 9:00am to 6:00pm (ET).
|
Sincerely, |
|
|
|
Karla M. Rabusch |
President |
Wells Fargo Advantage Funds |
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010.
For Section 529 plans, an investor’s or a designated beneficiary’s home state may offer state tax or other benefits that are only available for investments in that state’s qualified tuition program. Please consider this before investing.
Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. For a current prospectus, or current program description, containing this and other information, visit www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds and certain Section 529 plans, or www.evergreeninvestments.com for Evergreen Investments. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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 Managed Account Services, Wells Fargo Advantage Funds® and to certain 529 college savings plans. 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 FINRA/SIPC, an affiliate of Wells Fargo & Company. 116529 1-10
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|
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NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE |
| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
P.O. Box 8266
Boston, Massachusetts 02205
January 20, 2010
The Integration of Our Fund Families Has Begun
Dear Valued Shareholder:
Recently, the Boards of Trustees of Wells Fargo Advantage Funds® and Evergreen Funds approved the merger of our fund families and a proposed new fund lineup that will be branded under the Wells Fargo Advantage Funds name. As you can see, we’ve made significant progress toward bringing our two organizations together. Specifics on the merger and the proposed new fund lineup are included in the accompanying supplement.
The proposed fund family was developed after thoughtful and thorough evaluation of each fund and the needs of our investors. We believe the result is a powerful and comprehensive array of products that leverages the strengths of both organizations to benefit you through access to:
| • |
| Our combined investment expertise, with independent portfolio teams that will continue to adhere to their own distinct strategies and processes. |
| • |
| Fund choices with highly competitive fee structures that, for many shareholders, are expected to result in reductions in fund expenses. |
| • |
| A family of mutual funds with even greater depth and breadth than before, including more choices in investment styles and strategies. |
What to expect in the coming months
Proxies for the reorganization of our fund families are expected to be mailed to shareholders during the early part of the second quarter of 2010, with shareholder meetings held in early summer. Upon shareholder approval, the reorganizations (and other related changes) will likely be completed in mid-summer. Watch for additional information regarding the proxy mailings.
(over)
Additional information available online
We will continue to keep you posted on our progress as we integrate our two organizations. In the meantime, for additional fund family merger information, please visit our Web sites at www.wellsfargo.com/advantagefunds or www.evergreeninvestments.com. You may also call an Evergreen Customer Service representative at 1.800.847.5397, Monday through Friday, 8:00am to 6:00pm (ET).
|
Sincerely, |
|
|
|
Karla M. Rabusch |
President |
Wells Fargo Advantage Funds |
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010.
Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. For a current prospectus, containing this and other information, visit www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds or www.evergreeninvestments.com for Evergreen Investments. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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. 116530 1-10
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|
|
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE |
| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
P.O. Box 8266
Boston, Massachusetts 02205
January 20, 2010
The Integration of Our Fund Families Has Begun
Dear Valued Shareholder:
Recently, the Boards of Trustees of Wells Fargo Advantage Funds® and Evergreen Funds approved the merger of our fund families and a proposed new fund lineup that will be branded under the Wells Fargo Advantage Funds name. As you can see, we’ve made significant progress toward bringing our two organizations together. Specifics on the merger and the proposed new fund lineup are included in the accompanying supplement.
The proposed fund family was developed after thoughtful and thorough evaluation of each fund and the needs of our investors. We believe the result is a powerful and comprehensive array of products that leverages the strengths of both organizations to benefit you and your advisor through access to:
| • |
| Our combined investment expertise, with independent portfolio teams that will continue to adhere to their own distinct strategies and processes. |
| • |
| Fund choices with highly competitive fee structures that, for many shareholders, are expected to result in reductions in fund expenses. |
| • |
| A family of mutual funds with even greater depth and breadth than before, including more choices in investment styles and strategies. |
| • |
| Complementary investment solutions, such as separately managed accounts, college investing plans, and retirement products. |
What to expect in the coming months
Proxies for the reorganization of our fund families are expected to be mailed to shareholders during the early part of the second quarter of 2010, with shareholder meetings held in early summer. Upon shareholder approval, the reorganizations (and other related changes) will likely be completed in mid-summer. Watch for additional information regarding the proxy mailings.
(over)
Additional information
We will continue to keep your advisor posted on our progress as we integrate our two organizations. In the meantime, for additional fund family merger information, please contact your financial advisor.
|
Sincerely, |
|
|
Karla M. Rabusch |
President |
Wells Fargo Advantage Funds |
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010.
For Section 529 plans, an investor’s or a designated beneficiary’s home state may offer state tax or other benefits that are only available for investments in that state’s qualified tuition program. Please consider this before investing.
Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. For a current prospectus, or current program description, containing this and other information, visit www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds and certain Section 529 plans, or www.evergreeninvestments.com for Evergreen Investments. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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 Managed Account Services, Wells Fargo Advantage Funds® and to certain 529 college savings plans. 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 FINRA/SIPC, an affiliate of Wells Fargo & Company. 119235 1-10
|
|
|
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE |
| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
P.O. Box 8266
Boston, Massachusetts 02205
January 13, 2010
The Integration of Our Fund Families Has Begun
Dear Plan Sponsor:
Recently, the Boards of Trustees of Wells Fargo Advantage Funds® and Evergreen Funds approved the merger of our fund families and a proposed new fund lineup that will be branded under the Wells Fargo Advantage Funds name. As you can see, we’ve made significant progress toward bringing our two organizations together.
The proposed fund family was developed after thoughtful and thorough evaluation of each fund and the needs of our investors. We believe the result is a powerful and comprehensive array of products that leverages the strengths of both organizations to benefit you and your plan participants through access to:
| • |
| Our combined investment expertise, with independent portfolio teams that will continue to adhere to their own distinct strategies and processes. |
| • |
| Fund choices with highly competitive fee structures that, for many shareholders, are expected to result in reductions in fund expenses. |
| • |
| A family of mutual funds with even greater depth and breadth than before, including more choices in investment styles and strategies. |
What to expect in the coming months
Proxies for the reorganization of our fund families are expected to be mailed to shareholders during the early part of the second quarter of 2010, with shareholder meetings held in early summer. Upon shareholder approval, the reorganizations (and other related changes) will likely be completed in mid-summer. Watch for additional information regarding the proxy mailings.
(over)
How to obtain additional information
For an overview of our proposed new fund lineup, click here, or visit the “Integration News” section on our Web sites at www.wellsfargo.com/advantagefunds or www.evergreeninvestments.com for more detailed information. Your Wells Fargo or Wachovia representative can provide you with additional insight and answer any questions you may have. We will continue to keep you posted on our progress in the integration of our two mutual fund organizations.
|
Sincerely, |
|
|
Karla M. Rabusch |
President |
Wells Fargo Advantage Funds |
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010.
Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. For a current prospectus, containing this and other information, visit www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds or www.evergreeninvestments.com for Evergreen Investments. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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. 116294 1-10
|
|
|
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE |
| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
FOR INSTITUTIONAL INVESTOR USE ONLY–NOT FOR USE WITH THE PUBLIC
P.O. Box 8266
Boston, Massachusetts 02205
January 13, 2010
The Integration of Our Fund Families Has Begun
Dear Valued Partner:
Recently, the Boards of Trustees of Wells Fargo Advantage Funds® and Evergreen Funds approved the merger of our fund families and a proposed new fund lineup that will be branded under the Wells Fargo Advantage Funds name. As you can see, we’ve made significant progress toward bringing our two organizations together.
The proposed fund family was developed after thoughtful and thorough evaluation of each fund and the needs of our investors. We believe the result is a powerful and comprehensive array of products that leverages the strengths of both organizations to benefit you through access to:
| • |
| Our combined investment expertise, with independent portfolio teams that will continue to adhere to their own distinct strategies and processes. |
| • |
| Fund choices with highly competitive fee structures that, for many shareholders, are expected to result in reductions in fund expenses. |
| • |
| A family of mutual funds with even greater depth and breadth than before, including more choices in investment styles and strategies. |
What to expect in the coming months
Proxies for the reorganization of our fund families are expected to be mailed to shareholders during the early part of the second quarter of 2010, with shareholder meetings held in early summer. Upon shareholder approval, the reorganizations (and other related changes) will likely be completed in mid-summer. Watch for additional information regarding the proxy mailings.
(over)
How to obtain additional information
For a more detailed overview of the proposed money market fund lineup, click here. Your existing relationship manager can provide you with additional insight and answer any questions you may have. Additionally, you may visit our Web sites at www.wellsfargo.com/advantagefunds or www.evergreeninvestments.com. We will continue to keep you posted on our progress in integrating our two mutual fund organizations.
|
Sincerely, |
|
|
|
Karla M. Rabusch |
President |
Wells Fargo Advantage Funds |
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010.
Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. For a current prospectus, containing this and other information, visit www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds or www.evergreeninvestments.com for Evergreen Investments. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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. 116353 1-10
|
|
|
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE |
| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
FOR INSTITUTIONAL INVESTOR USE ONLY–NOT FOR USE WITH THE PUBLIC
P.O. Box 8266
Boston, Massachusetts 02205
January 14, 2010
The Integration of Our Fund Families Has Begun
Dear Investment Professional:
Recently, the Boards of Trustees of Wells Fargo Advantage Funds® and Evergreen Funds approved the merger of our fund families and a proposed new fund lineup that will be branded under the Wells Fargo Advantage Funds name. As you can see, we’ve made significant progress toward bringing our two organizations together.
The proposed fund family was developed after thoughtful and thorough evaluation of each fund and the needs of our investors. We believe the result is a powerful and comprehensive array of products that leverages the strengths of both organizations to benefit you and your clients through access to:
| • |
| Our combined investment expertise, with independent portfolio teams that will continue to adhere to their own distinct strategies and processes. |
| • |
| Fund choices with highly competitive fee structures that, for many shareholders, are expected to result in reductions in fund expenses. |
| • |
| A family of mutual funds with even greater depth and breadth than before, including more choices in investment styles and strategies. |
| • |
| Complementary investment solutions, such as separately managed accounts, college investing plans, and retirement products. |
What to expect in the coming months
Proxies for the reorganization of our fund families are expected to be mailed to shareholders during the early part of the second quarter of 2010, with shareholder meetings held in early summer. Upon shareholder approval, the reorganizations (and other related changes) will likely be completed in mid-summer. Watch for additional information regarding the proxy mailings.
(over)
How to obtain additional information
For an overview of our proposed new fund lineup, click here, or visit the “Integration News” section on our Web sites at www.wellsfargo.com/advantagefunds or www.evergreeninvestments.com for more detailed information. Your existing relationship contacts can provide you with additional insight and answer any questions you may have. We will continue to keep you posted on our progress in the integration of our two mutual fund organizations.
|
Sincerely, |
|
|
|
Karla M. Rabusch |
President |
Wells Fargo Advantage Funds |
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010.
For Section 529 plans, an investor’s or a designated beneficiary’s home state may offer state tax or other benefits that are only available for investments in that state’s qualified tuition program. Please consider this before investing.
Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. For a current prospectus or current program description, containing this and other information, visit www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds and certain Section 529 plans, or www.evergreeninvestments.com for Evergreen Investments. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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 Managed Account Services, Wells Fargo Advantage Funds® and to certain 529 college savings plans. 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 FINRA/SIPC, an affiliate of Wells Fargo & Company. 119981 1-10
|
|
|
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE |
| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
P.O. Box 8266
Boston, Massachusetts 02205
January 13, 2010
The Integration of Our Fund Families Has Begun
Dear Valued Business Partner:
Recently, the Boards of Trustees of Wells Fargo Advantage Funds® and Evergreen Funds approved the merger of our fund families and a proposed new fund lineup that will be branded under the Wells Fargo Advantage Funds name. As you can see, we’ve made significant progress toward bringing our two organizations together.
The proposed fund family was developed after thoughtful and thorough evaluation of each fund and the needs of our investors. We believe the result is a powerful and comprehensive array of products that leverages the strengths of both organizations to benefit you and your clients through access to:
| • |
| Our combined investment expertise, with independent portfolio teams that will continue to adhere to their own distinct strategies and processes. |
| • |
| Fund choices with highly competitive fee structures that, for many shareholders, are expected to result in reductions in fund expenses. |
| • |
| A family of mutual funds with even greater depth and breadth than before, including more choices in investment styles and strategies. |
What to expect in the coming months
Proxies for the reorganization of our fund families are expected to be mailed to shareholders during the early part of the second quarter of 2010, with shareholder meetings held in early summer. Upon shareholder approval, the reorganizations (and other related changes) will likely be completed in mid-summer. Watch for additional information regarding the proxy mailings.
(over)
How to obtain additional information
For an overview of our proposed new fund lineup, click here, or visit the “Integration News” section on our Web sites at www.wellsfargo.com/advantagefunds or www.evergreeninvestments.com for more detailed information. Your existing relationship managers can provide you with additional insight and answer any questions you may have. We will continue to keep you posted on our progress in the integration of our two mutual fund organizations.
|
Sincerely, |
|
|
|
Karla M. Rabusch |
President |
Wells Fargo Advantage Funds |
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010.
Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. For a current prospectus, containing this and other information, visit www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds or www.evergreeninvestments.com for Evergreen Investments. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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. 119982 1-10
|
|
|
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE |
| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
FOR INSTITUTIONAL INVESTOR USE ONLY–NOT FOR USE WITH THE PUBLIC
P.O. Box 8266
Boston, Massachusetts 02205
January 15, 2010
The Integration of Our Fund Families Has Begun
Dear Investment Professional:
Recently, the Boards of Trustees of Wells Fargo Advantage Funds® and Evergreen Funds approved the merger of our fund families and a proposed new fund lineup that will be branded under the Wells Fargo Advantage Funds name. As you can see, we’ve made significant progress toward bringing our two organizations together.
The proposed fund family was developed after thoughtful and thorough evaluation of each fund and the needs of our investors. We believe the result is a powerful and comprehensive array of products that leverages the strengths of both organizations to benefit you and your clients through access to:
| • |
| Our combined investment expertise, with independent portfolio teams that will continue to adhere to their own distinct strategies and processes. |
| • |
| Fund choices with highly competitive fee structures that, for many shareholders, are expected to result in reductions in fund expenses. |
| • |
| A family of mutual funds with even greater depth and breadth than before, including more choices in investment styles and strategies. |
| • |
| Complementary investment solutions, such as separately managed accounts, college investing plans, and retirement products. |
What to expect in the coming months
Proxies for the reorganization of our fund families are expected to be mailed to shareholders during the early part of the second quarter of 2010, with shareholder meetings held in early summer. Upon shareholder approval, the reorganizations (and other related changes) will likely be completed in mid-summer. Watch for additional information regarding the proxy mailings.
(over)
Additional insight to help educate your clients
The enclosed merger guide contains more detailed information about our proposed fund family and provides answers to questions that you and your clients may have. Your existing relationship contacts can also provide you with further insight. We will continue to keep you posted on our progress as we integrate our two organizations. In the meantime, for additional information, please visit our Web sites at www.wellsfargo.com/advantagefunds or www.evergreeninvestments.com.
|
Sincerely, |
|
|
Karla M. Rabusch |
President |
Wells Fargo Advantage Funds |
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010.
For Section 529 plans, an investor’s or a designated beneficiary’s home state may offer state tax or other benefits that are only available for investments in that state’s qualified tuition program. Please consider this before investing.
Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. For a current prospectus or current program description, containing this and other information, visit www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds and certain Section 529 plans, or www.evergreeninvestments.com for Evergreen Investments. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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 Managed Account Services, Wells Fargo Advantage Funds® and to certain 529 college savings plans. 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 FINRA/SIPC, an affiliate of Wells Fargo & Company. 116066 1-10
|
|
|
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE |
| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
FOR INSTITUTIONAL INVESTOR USE ONLY–NOT FOR USE WITH THE PUBLIC
P.O. Box 8266
Boston, Massachusetts 02205
January 13, 2010
The Integration of Our Fund Families Has Begun
Dear Valued Business Partner:
Recently, the Boards of Trustees of Wells Fargo Advantage Funds® and Evergreen Funds approved the merger of our fund families and a proposed new fund lineup that will be branded under the Wells Fargo Advantage Funds name. As you can see, we’ve made significant progress toward bringing our two organizations together.
The proposed fund family was developed after thoughtful and thorough evaluation of each fund and the needs of our investors. We believe the result is a powerful and comprehensive array of products that leverages the strengths of both organizations to benefit you and your clients through access to:
| • |
| Our combined investment expertise, with independent portfolio teams that will continue to adhere to their own distinct strategies and processes. |
| • |
| Fund choices with highly competitive fee structures that, for many shareholders, are expected to result in reductions in fund expenses. |
| • |
| A family of mutual funds with even greater depth and breadth than before, including more choices in investment styles and strategies. |
What to expect in the coming months
Proxies for the reorganization of our fund families are expected to be mailed to shareholders during the early part of the second quarter of 2010, with shareholder meetings held in early summer. Upon shareholder approval, the reorganizations (and other related changes) will likely be completed in mid-summer. Watch for additional information regarding the proxy mailings.
(over)
How to obtain additional information
For an overview of our proposed new fund lineup, click here, or visit the “Integration News” section on our Web sites at www.wellsfargo.com/advantagefunds or www.evergreeninvestments.com for more detailed information. Your existing relationship managers can provide you with additional insight and answer any questions you may have. We will continue to keep you posted on our progress in the integration of our two mutual fund organizations.
|
Sincerely, |
|
|
|
Karla M. Rabusch |
President |
Wells Fargo Advantage Funds |
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010.
Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. For a current prospectus, containing this and other information, visit www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds or www.evergreeninvestments.com for Evergreen Investments. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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. 116126 1-10
|
|
|
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE |
| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
FOR INSTITUTIONAL INVESTOR USE ONLY–NOT FOR USE WITH THE PUBLIC
P.O. Box 8266
Boston, Massachusetts 02205
January 14, 2010
The Integration of Our Fund Families Has Begun
Dear Investment Professional:
Recently, the Boards of Trustees of Wells Fargo Advantage Funds® and Evergreen Funds approved the merger of our fund families and a proposed new fund lineup that will be branded under the Wells Fargo Advantage Funds name. As you can see, we’ve made significant progress toward bringing our two organizations together.
The proposed fund family was developed after thoughtful and thorough evaluation of each fund and the needs of our investors. We believe the result is a powerful and comprehensive array of products that leverages the strengths of both organizations to benefit you and your clients through access to:
| • |
| Our combined investment expertise, with independent portfolio teams that will continue to adhere to their own distinct strategies and processes. |
| • |
| Fund choices with highly competitive fee structures that, for many shareholders, are expected to result in reductions in fund expenses. |
| • |
| A family of mutual funds with even greater depth and breadth than before, including more choices in investment styles and strategies. |
| • |
| Complementary investment solutions, such as separately managed accounts, college investing plans, and retirement products. |
What to expect in the coming months
Proxies for the reorganization of our fund families are expected to be mailed to shareholders during the early part of the second quarter of 2010, with shareholder meetings held in early summer. Upon shareholder approval, the reorganizations (and other related changes) will likely be completed in mid-summer. Watch for additional information regarding the proxy mailings.
(over)
How to obtain additional information
For an overview of our proposed new fund lineup, click here, or visit the “Integration News” section on our Web sites at www.wellsfargo.com/advantagefunds or www.evergreeninvestments.com for more detailed information. Your existing relationship contacts can provide you with additional insight and answer any questions you may have. We will continue to keep you posted on our progress in the integration of our two mutual fund organizations.
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Sincerely, |
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Karla M. Rabusch |
President |
Wells Fargo Advantage Funds |
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010.
For Section 529 plans, an investor’s or a designated beneficiary’s home state may offer state tax or other benefits that are only available for investments in that state’s qualified tuition program. Please consider this before investing.
Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. For a current prospectus or current program description, containing this and other information, visit www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds and certain Section 529 plans, or www.evergreeninvestments.com for Evergreen Investments. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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 Managed Account Services, Wells Fargo Advantage Funds® and to certain 529 college savings plans. 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 FINRA/SIPC, an affiliate of Wells Fargo & Company. 116531 1-10
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NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE |
| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
FOR INSTITUTIONAL INVESTOR USE ONLY–NOT FOR USE WITH THE PUBLIC
P.O. Box 8266
Boston, Massachusetts 02205
January 13, 2010
The Integration of Our Fund Families Has Begun
Dear Valued Partner:
Recently, the Boards of Trustees of Wells Fargo Advantage Funds® and Evergreen Funds approved the merger of our fund families and a proposed new fund lineup that will be branded under the Wells Fargo Advantage Funds name. As you can see, we’ve made significant progress toward bringing our two organizations together.
The proposed fund family was developed after thoughtful and thorough evaluation of each fund and the needs of our investors. We believe the result is a powerful and comprehensive array of products that leverages the strengths of both organizations to benefit you and your clients through access to:
| • |
| Our combined investment expertise, with independent portfolio teams that will continue to adhere to their own distinct strategies and processes. |
| • |
| Fund choices with highly competitive fee structures that, for many shareholders, are expected to result in reductions in fund expenses. |
| • |
| A family of mutual funds with even greater depth and breadth than before, including more choices in investment styles and strategies. |
What to expect in the coming months
Proxies for the reorganization of our fund families are expected to be mailed to shareholders during the early part of the second quarter of 2010, with shareholder meetings held in early summer. Upon shareholder approval, the reorganizations (and other related changes) will likely be completed in mid-summer. Watch for additional information regarding the proxy mailings.
(over)
How to obtain additional information
Please see the enclosed documents for additional fund merger details and an overview of our proposed new fund lineup. Also, you may visit the “Integration News” section on our Web sites at www.wellsfargo.com/advantagefunds or www.evergreeninvestments.com for more detailed information. If you have any questions, please contact us at 1.888.877.9275, Monday through Friday, 9:00am to 7:00pm ET or via e-mail at WFFMGContractsandAgreements@wellsfargo.com. Thank you for your continued partnership. We will continue to keep you posted on our progress in the integration of our two mutual fund organizations.
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Sincerely, |
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Karla M. Rabusch |
President |
Wells Fargo Advantage Funds |
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010.
Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. For a current prospectus, containing this and other information, visit www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds or www.evergreeninvestments.com for Evergreen Investments. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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. 119259 1-10
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NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE |
| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
FOR INSTITUTIONAL INVESTOR USE ONLY–NOT FOR USE WITH THE PUBLIC
Wells Fargo Advantage Funds®
California Tax-Free Fund
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Fund Details |
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Portfolio Manager(s): Galiani, Van Poppel |
| Fund Share Classes: |
Assets: $656M all share classes (as of 9-30-09) |
| Class A, Class B, Class C, Administrator |
Benchmark: Barclays Capital Municipal Bond Index |
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Inception Date: October 1988 |
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Accounting/Performance Survivor: WFA California Tax-Free Fund |
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Fund Overview
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| Incorporates top-down macroeconomic analysis with bottom-up security selection. The manager seeks to generate excess performance through actively managing the four key elements of total return: duration, yield-curve positioning, sector allocation, and security selection. |
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| As part of the larger Municipal team effort, Steve Galiani is joined by a dedicated team of credit analysts with industry/sector responsibility who perform intensive credit research focused on quantitative and qualitative factors on all holdings. |
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Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving Strategy |
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| Proposed Wells Fargo Advantage Fund Subadvisor—Portfolio Manager(s) |
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| California Tax-Free |
• California Tax-Free |
| • California Municipal |
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| Wells Capital Management - Galiani, Van Poppel |
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| Surviving strategy is from Wells Fargo Advantage Funds |
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| Surviving Strategy |
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Fund Information/Considerations |
| WFA California Tax-Free Fund |
| EVG California Municipal Bond |
Portfolio Manager(s) |
| Galiani, Van Poppel |
| Galiani, Kiselak |
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Assets for All Share Classes (as of 9-30-09) |
| $423M |
| $233M |
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Overall Morningstar Rating™ (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| **** |
| ** |
| 149 funds in the Municipal California Long category |
| 77 funds in the Municipal California Intermediate/Short category | |
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Inception Date |
| October 1988 |
| April 1997 |
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Fund Benchmark |
| Barclays Capital Municipal Bond Index |
| Barclays Capital 5-Year Municipal Bond Index |
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Lipper Category |
| California Municipal Debt |
| California Intermediate Municipal |
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Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least |
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High Correlation of Returns to Survivor Fund (>95%) |
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| Yes |
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Current Share Class |
| Ticker |
| Ticker |
Class A |
| SCTAX |
| EOCAX |
Class B |
| SGCBX |
| EOCBX |
Class C |
| SCTCX |
| EOCCX |
Class I |
| NA |
| EOCIX |
Administrator |
| SGCAX |
| NA |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119787
Wells Fargo Advantage Funds®
Capital Growth Fund
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Fund Details |
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Portfolio Manager(s): Pence, Harris |
| Fund Share Classes: |
Assets: $1,461M all share classes (as of 9-30-09) |
| Class A, Class C, Administrator, |
Benchmark: Russell 1000® Growth |
| Institutional, Investor |
Inception Date: November 1997 |
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Accounting/Performance Survivor: WFA Capital Growth Fund |
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Fund Overview
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| Research process conducted and overseen by a team of four senior managers, who are supported by ten analysts. |
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| Fundamental, bottom-up, grassroots research process that is designed to “surround the company.” |
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| Portfolio construction process that seeks to manage risk by investing in three types of growth: core, developing situations, and valuation opportunities. |
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| Portfolio is generally broadly diversified with limited sector deviations. |
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Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving Strategy |
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| Proposed Wells Fargo Advantage Fund Subadvisor—Portfolio Manager(s) |
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• Capital Growth |
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| Capital Growth |
• Large Cap Appreciation |
| • None |
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| Wells Capital Management - Pence, Harris |
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| Surviving strategy is from Wells Fargo Advantage Funds |
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| Surviving Strategy |
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Fund Information/Considerations |
| WFA Capital Growth Fund |
| WFA Large Cap Appreciation Fund |
Portfolio Manager(s) |
| Pence, Harris |
| Bannick, Fitzpatrick, Skillman |
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Assets for All Share Classes (as of 9-30-09) |
| $1,407M |
| $54M |
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| *** |
| ** |
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Overall Morningstar Rating™ (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| 1,515 funds in the Large Growth category |
| 1,515 funds in the Large Growth category |
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Inception Date |
| November 1997 |
| August 2001 |
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Fund Benchmark |
| Russell 1000® Growth |
| Russell 1000® Growth |
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Lipper Category |
| Large-Cap Growth |
| Large-Cap Growth |
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Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one time period |
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High Correlation of Returns to Survivor Fund (>95%) |
| — |
| Yes |
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Current Share Class |
| Ticker |
| Ticker |
Class A |
| WFCGX |
| WFAPX |
Class B |
| NA |
| WFABX |
Class C |
| WFCCX |
| WFACX |
Institutional |
| WWCIX |
| WFASX |
Investor |
| SLGIX |
| NA |
Administrator |
| WFCDX |
| WFAKX |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119774
Wells Fargo Advantage Funds®
Classic Value Fund – New Shell
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Fund Details |
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Portfolio Manager(s): McCormick, Mishuris |
| Fund Share Classes: |
Assets: $738M all share classes (as of 9-30-09) |
| Class A, Class B, Class C, Class R, Administrator |
Benchmark: Russell 1000® Value |
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Inception Date: August 1978 |
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Accounting/Performance Survivor: EVG Equity Income Fund |
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Fund Overview
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| The WFA Classic Value Fund will be benchmarked to the Russell 1000 Value Index and managed by McCormick and Mishuris using a blend style of equity management. |
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| The investment process starts with finding high-quality companies with a competitive advantage and then estimating future cash flows to arrive at an intrinsic value. Once a company’s intrinsic value has been estimated, the team looks to buy the stock at a significant discount to the estimated intrinsic value. |
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| The Fund is likely to be invested in all sectors and seeks to have a relatively low tracking error to the Russell 1000 Value Index, while tilting toward blend and mid cap value but typically remaining in the large cap value style box. |
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| Sector maximum/minimum weights are: +/- 50% of the index weight for GICS sectors that constitute at least 10% of the benchmark and +/- 200% of the index weight for GICS sectors that make up less than 10% of the benchmark. |
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Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving Strategy |
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| Proposed Wells Fargo Advantage Fund Subadvisor—Portfolio Manager(s) |
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| Classic Value |
• Specialized Financial Services |
| • Equity Income |
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| Wells Capital Management - McCormick, Mishuris |
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| Surviving strategy is from Evergreen Funds |
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| Surviving Strategy |
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Fund Information/Considerations |
| EVG Equity |
| WFA Specialized Financial |
Portfolio Manager(s) |
| McCormick, Mishuris |
| Ayvazian, Wisniewski |
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Assets for All Share Classes (as of 9-30-09) |
| $645M |
| $93M |
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| **** |
| ** |
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Overall Morningstar Rating™ (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| 1,133 funds in the Large Value category |
| 107 funds in the Financial category |
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Inception Date |
| August 1978 |
| July 1962 |
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Fund Benchmark |
| Russell 1000 Value |
| S&P 500 Index |
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Lipper Category |
| Equity Income |
| Financial Services |
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Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one time period |
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High Correlation of Returns to Survivor Fund (>95%) |
| — |
| Yes |
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Other Considerations |
| Large Value |
| Sector-Focused |
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Current Share Class |
| Ticker |
| Ticker |
Class A |
| ETRAX |
| SIFEX |
Class B |
| ETRBX |
| SIFBX |
Class C |
| ETRCX |
| SIFCX |
Class I |
| EVTRX |
| NA |
Class R |
| ETRRX |
| NA |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES — DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119767
Wells Fargo Advantage Funds®
Disciplined Value Fund – New Shell
|
|
|
Fund Details |
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|
| |
Portfolio Manager(s): Bill Zieff |
| Fund Share Classes: |
Assets: $401M All share classes (as of 9-30-09) |
| Class A, Class C, Investor, Administrator |
Benchmark: Russell 1000® Value |
|
|
Inception Date: May 1992 |
|
|
Accounting/Performance Survivor: EVG Disciplined Value |
|
|
Fund Overview
| • |
| The fund will use a quantitative strategy versus fundamentally driven active management. The Global Strategic Products (GSP) team, managed by Bill Zieff along with eight analysts, believes that a disciplined approach that takes advantage of quantitative tools can extend the power of traditional, fundamental analysis in seeking to deliver excess returns. The approach relies on empirical research to identify equity characteristics that are believed to offer the best opportunities for consistent outperformance. |
| • |
| Typically the fund will have the following characteristics: approximately 80 to 110 individual stocks; sector active weight range +/- 5% of Russell 1000 Value Index; single position active weight range +/- 2%; and an annual turnover of between 50% to 80%. |
| • |
| As a reference, WFA U.S. Value and WFA Equity Income employed fundamentally driven managers but both funds had low tracking error similar to Disciplined Value. |
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Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving Strategy |
|
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| Proposed Wells Fargo Advantage Fund Subadvisor-Portfolio Manager(s) |
|
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| ||||
• U.S. Value |
| • Disciplined Value |
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| Disciplined Value |
• Equity Income |
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| Wells Capital Management-Bill Zieff |
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| ||||
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| Surviving strategy is from Evergreen Funds |
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| Surviving Strategy |
|
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| |||
Fund Information/Considerations |
| EVG Disciplined |
| WFA U.S. Value |
| WFA Equity |
Portfolio Manager(s) |
| Zieff |
| VanCronkhite |
| Dunn, Thomburg |
|
|
|
| |||
Assets for All Share Classes (as of 9-30-09) |
| $145M |
| $130M |
| $126M |
|
|
|
| |||
|
| *** |
| *** |
| *** |
|
|
|
| |||
Overall Morningstar Rating™ (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| 1,133 funds in the |
| 1,133 funds in the |
| 1,133 funds in the |
|
|
|
| |||
Inception Date |
| May 1992 |
| December 1995 |
| March 1989 |
|
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|
| |||
Fund Benchmark |
| Russell 1000 Value |
| Russell 1000 Value |
| Russell 1000 Value |
|
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|
| |||
Lipper Category |
| Large-Cap Value |
| Large-Cap Core |
| Equity Income |
|
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|
| |||
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at |
| Underperformed in at |
|
|
|
| |||
High Correlation of Returns to Survivor Fund (>95%) |
| — |
| Yes |
| Yes |
|
|
|
| |||
Other Considerations |
| Quantitative Value |
| Traditional Value |
| Traditional Value |
|
|
|
| |||
Current Share Class |
| Ticker |
| Ticker |
| Ticker |
Class A |
| EDSAX |
| WFUAX |
| NVAEX |
Class B |
| EDSBX |
| WFUBX |
| NVBEX |
Class C |
| EDSCX |
| WFUCX |
| WFEEX |
Class I |
| EDSIX |
| NA |
| NA |
Investor |
| NA |
| SEQIX |
| NA |
Administrator |
| NA |
| SEQKX |
| NVIEX |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119765
Wells Fargo Advantage Funds®
Diversified Equity Fund
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|
|
Fund Details |
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| |
Portfolio Manager(s): Owen, Biwer, Chan |
| Fund Share Classes: |
Assets: $839M all share classes (as of 9-30-09) |
| Class A, Class B, Class C, Administrator |
Benchmark: Diversified Equity Composite |
|
|
Inception Date: December 1988 |
|
|
Accounting/Performance Survivor: WFA Diversified Equity Fund |
|
|
Fund Overview
| • |
| To reduce risk, the Fund’s assets are allocated among multiple investment styles by investing in underlying portfolios managed by a variety of subadvisors. |
|
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|
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|
|
Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving Strategy |
|
|
| Proposed Wells Fargo Advantage Fund Subadvisor—Portfolio Manager(s) |
|
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| ||||
• Diversified Equity |
| • None |
|
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| Diversified Equity |
• Growth Equity |
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| Multi – Owen, Biwer, Chan |
|
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| ||||
|
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|
|
| Surviving strategy is from Wells Fargo Advantage Funds |
|
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|
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| Surviving Strategy |
|
|
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|
| ||
Fund Information/Considerations |
| WFA Diversified Equity Fund |
| WFA Growth Equity Fund |
Portfolio Manager(s) |
| Owen, Biwer, Chan |
| Owen, Biwer, Chan |
|
|
| ||
Assets for All Share Classes (as of 9-30-09) |
| $696M |
| $143M |
|
|
| ||
Overall Morningstar Rating™ (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| *** |
| *** |
| 1,704 funds in the Large Blend category |
| 1,515 funds in the Large Growth category | |
|
|
| ||
Inception Date |
| December 1988 |
| April 1989 |
|
|
| ||
Fund Benchmark |
| Diversified Equity Composite |
| Growth Equity Composite |
|
|
| ||
Lipper Category |
| Large-Cap Core |
| Multi-Cap Core |
|
|
| ||
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one time period |
|
|
| ||
High Correlation of Returns to Survivor Fund (>95%) |
| — |
| Yes |
|
|
| ||
Current Share Class |
| CUSIP |
| CUSIP |
Class A |
| NVDAX |
| NVEAX |
Class B |
| NVDBX |
| NVEBX |
Class C |
| WFDEX |
| WFGGX |
Institutional |
| NA |
| WGEIX |
Administrator |
| NVDEX |
| NVGEX |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119771
Wells Fargo Advantage Funds®
Emerging Markets Equity Fund – New Shell
|
|
|
Fund Details |
|
|
|
| |
Portfolio Manager(s): Zhang |
| Fund Share Classes: |
Assets: $822M all share classes (as of 9-30-09) |
| Class A, Class B, Class C, Administrator |
Benchmark: MSCI Emerging Markets |
|
|
Inception Date: September 1994 |
|
|
Accounting/Performance Survivor: EVG Emerging Markets Growth Fund |
|
|
Fund Overview
| • |
| Jerry Zhang is the portfolio manager and has served in that capacity since 2006. He works with two other emerging markets analysts. |
| • |
| The team uses a discounted cash flow model to value companies, with the discount rate and growth rate dependent upon the country in which the company operates. Based on this, the Fund’s country weightings can vary significantly from the benchmark (~50%–150%). |
| • |
| The team classifies companies as being one of three types: (1) growing (50%–70% of the portfolio), (2) mature (10%– 20% of the portfolio), or (3) cyclical (20%– 30% of the portfolio). |
|
|
|
|
|
|
|
|
|
Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving Strategy |
|
|
| Proposed Wells Fargo Advantage Fund Subadvisor—Portfolio Manager(s) |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Emerging Markets Equity |
• Emerging Markets Equity |
| • Emerging Markets Growth |
|
|
|
|
| Wells Capital Management - Zhang |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Surviving strategy is from Evergreen Funds |
|
|
|
|
|
|
| Surviving Strategy |
|
|
|
|
| ||
Fund Information/Considerations |
| EVG Emerging Markets |
| WFA Emerging Markets |
Portfolio Manager(s) |
| Zhang |
| Cragg, Shimada |
|
|
| ||
Assets for All Share Classes (as of 9-30-09) |
| $670M |
| $152M |
|
| ***** |
| ** |
Overall Morningstar RatingTM (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| 255 funds in the Diversified Emerging Markets category |
| 255 funds in the Diversified Emerging Markets category |
|
|
| ||
Inception Date |
| September 1994 |
| December 1997 |
|
|
| ||
Fund Benchmark |
| MSCI Emerging Markets |
| MSCI Emerging Markets |
|
|
| ||
Lipper Category |
| Emerging Markets |
| Emerging Markets |
|
|
| ||
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one time period |
|
|
| ||
High Correlation of Returns to Survivor Fund (>95%) |
| — |
| Yes |
|
|
| ||
Current Share Class |
| Ticker |
| Ticker |
Class A |
| EMGAX |
| MFFAX |
Class B |
| EMGBX |
| MFFBX |
Class C |
| EMGCX |
| MFFCX |
Class I |
| EMGYX |
| NA |
Administrator |
| NA |
| MNEFX |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119780
Wells Fargo Advantage Funds®
Government Securities Fund
|
|
|
Fund Details |
|
|
|
| |
Portfolio Manager(s): Bray, Mueller |
| Fund Share Classes: |
Assets: $2,392M all share classes (as of 9-30-09) |
| Class A, Class B, Class C, Institutional, Investor, Administrator |
Benchmark: Barclays Capital Intermediate U.S. Government Bond Index |
| |
Inception Date: October 1986 |
|
|
Accounting/Performance Survivor: WFA Government Securities Fund |
|
|
Fund Overview
| • |
| Jay Mueller has served as portfolio manager since 2004, with Michael Bray joining the team as a portfolio manager in 2005. |
| • |
| The team incorporates top-down macroeconomic analysis with bottom-up security selection. The managers seek to generate excess performance through actively managing the four key elements of total return: duration, yield-curve positioning, sector allocation, and security selection. |
| • |
| Since 2004, the Fund has been invested almost exclusively in government-related issues (Treasuries, agency debt, agency-backed mortgages). |
|
|
|
|
|
|
|
|
|
Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving Strategy |
|
|
| Proposed Wells Fargo Advantage Fund Subadvisor—Portfolio Manager(s) |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Government Securities Fund |
• Government Securities |
| • U.S. Government |
|
|
|
|
| Wells Capital Management - Bray, Mueller |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Surviving strategy is from Wells Fargo Advantage Funds |
|
|
|
|
|
|
| Surviving Strategy |
|
|
|
|
| ||
Fund Information/Considerations |
| WFA Government Securities Fund |
| EVG U.S. Government Fund |
Portfolio Manager(s) |
| Bray, Mueller |
| Applebach, Kauffman |
|
|
| ||
Assets for All Share Classes (as of 9-30-09) |
| $1,916M |
| $476M |
Overall Morningstar RatingTM (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| **** |
| ** |
| 335 funds in the Intermediate |
| 335 funds in the Intermediate | |
|
|
| ||
Inception Date |
| October 1986 |
| January 1993 |
|
|
| ||
Fund Benchmark |
| Barclays Capital Intermediate |
| Barclays Capital Intermediate |
|
|
| ||
Lipper Category |
| General U.S. Government |
| Intermediate U.S. |
|
|
| ||
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least |
|
|
| ||
High Correlation of Returns to Survivor Fund (>95%) |
| — |
| No |
|
|
| ||
Current Share Class |
| Ticker |
| Ticker |
Class A |
| SGVDX |
| EUSAX |
Class B |
| WGSBX |
| EUSBX |
Class C |
| WGSCX |
| EUSCX |
Class I |
| SGVIX |
| EUSYX |
Investor |
| STVSX |
| NA |
Administrator |
| WGSDX |
| NA |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119793
Wells Fargo Advantage Funds®
Growth Balanced Fund
|
|
|
Fund Details |
|
|
|
| |
Portfolio Manager(s): Mellas, Blomster, Beath, Owen, Chan, Biwer |
| Fund Share Classes: |
Assets: $1,108M all share classes (as of 9-30-09) |
| Class A, Class B, Class C, Administrator |
Benchmark: Growth Balanced Composite |
|
|
Inception Date: April 1989 |
|
|
Accounting/Performance Survivor: WFA Growth Balanced Fund |
|
|
Fund Overview
| • |
| Under normal market conditions, target allocations are 65% to equities and 35% to fixed-income. |
| • |
| In an effort to reduce risk, the Fund’s assets are allocated among multiple investment styles by investing in underlying portfolios managed by a variety of subadvisors. |
| • |
| In an attempt to enhance returns, the Fund’s exposure to equity and fixed-income asset classes is adjusted tactically based on their relative attractiveness as determined by quantitative methods; allocation changes are implemented by means of a derivatives overlay. |
|
|
|
|
|
|
|
|
|
Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving Strategy |
|
|
| Proposed Wells Fargo Advantage Fund Subadvisor—Portfolio Manager(s) |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Growth Balanced |
• Growth Balanced • Aggressive Allocation |
| • NA |
|
|
|
|
| Wells Capital Management - Mellas, Blomster, Beath, Owen, Chan, Biwer |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Surviving strategy is from Wells Fargo Advantage Funds |
|
|
|
|
|
|
| Surviving Strategy |
|
|
|
|
| ||
Fund Information/Considerations |
| WFA Growth Balanced Fund |
| WFA Aggressive Allocation Fund |
Portfolio Manager(s) |
| Mellas, Blomster, Beath, |
| Mellas, Blomster, Beath, Owen, |
|
|
| ||
Assets for All Share Classes (as of 9-30-09) |
| $939M |
| $169M |
Overall Morningstar RatingTM (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| ** |
| **** |
| 956 funds in the Moderate |
| 1,704 funds in the Large Blend | |
|
|
| ||
Inception Date |
| April 1989 |
| December 1997 |
|
|
| ||
Fund Benchmark |
| Growth Balanced Composite |
| Aggressive Allocation Composite |
|
|
| ||
Lipper Category |
| Mixed-Asset Target |
| Flexible Portfolio |
|
|
| ||
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one |
|
|
| ||
High Correlation of Returns to Survivor Fund (>95%) |
| — |
| Yes |
|
|
| ||
Current Share Class |
| Ticker |
| Ticker |
Class A |
| WFGBX |
| NA |
Class B |
| NVGRX |
| NA |
Class C |
| WFGWX |
| NA |
Administrator |
| NVGBX |
| NWBEX |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119783
Wells Fargo Advantage Funds®
High Income Fund
|
|
|
Fund Details |
|
|
|
| |
Portfolio Manager(s): Maas, Price, Schueller |
| Fund Share Classes: |
Assets: $635M all share classes (as of 9-30-09) |
| Class A, Class B, Class C, Institutional, |
Benchmark: Barclays Capital U.S. Corp. High Yield Bond Index |
| Investor |
Inception Date: December 1995 |
|
|
Accounting/Performance Survivor: WFA High Income Fund |
|
|
Fund Overview
| • |
| The WFA High Income Fund utilizes active management that combines top-down macro/credit outlook and industry analysis with bottom-up company and issue selection. |
| • |
| The team seeks to maximize total returns while minimizing principal loss through a careful understanding of the credit cycle, rigorous independent credit research, and a disciplined investment process. |
| • |
| The portfolio managers also act as analysts and are joined by three dedicated high-yield credit analysts. As part of the broader fixed-income team and effort, the team also utilizes the investment expertise of WellsCap’s six investment-grade research analysts. |
|
|
|
|
|
|
|
|
|
Current Wells Fargo Advantage Fund(s) |
| Current |
| Surviving Strategy |
|
|
| Proposed Wells Fargo Advantage Fund Subadvisor—Portfolio Manager(s) |
|
|
|
|
| ||||
• High Income |
|
|
|
|
|
|
| High Income |
• Strategic Income |
| • NA |
|
|
|
|
| Wells Capital Management - Maas, Price, Schueller |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Surviving strategy is from Wells Fargo Advantage Funds |
|
|
|
|
|
|
| Surviving Strategy |
|
|
|
|
| ||
Fund Information/Considerations |
| WFA High Income Fund |
| WFA Strategic Income Fund |
Portfolio Manager(s) |
| Maas, Price, Schueller |
| Maas, Price, Schueller |
|
|
| ||
Assets for All Share Classes (as of 9-30-09) |
| $606M |
| $29M |
Overall Morningstar Rating™ (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| **** |
| **** |
| 466 funds in the |
| 466 funds in the | |
|
|
| ||
Inception Date |
| December 1995 |
| November 2000 |
|
|
| ||
Fund Benchmark |
| Barclays Capital U.S. Corp. High Yield Bond Index |
| Barclays Capital U.S. Corp. |
|
|
| ||
Lipper Category |
| High Current Yield |
| High Current Yield |
|
|
| ||
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one time period |
|
|
| ||
High Correlation of Returns to Survivor Fund (>95%) |
| — |
| Yes |
|
|
| ||
Current Share Class |
| Ticker |
| Ticker |
Class A |
| SHBAX |
| SASAX |
Class B |
| WFNBX |
| SASIX |
Class C |
| WFNCX |
| SASCX |
Institutional |
| SHYYX |
| NA |
Investor |
| STHYX |
| NA |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119789
Wells Fargo Advantage Funds®
Income Plus Fund
|
|
|
Fund Details |
|
|
|
| |
Portfolio Manager(s): Bray, Newton, Price, Rilling |
| Fund Share Classes: |
Assets: $584M all share classes (as of 9-30-09) |
| Class A, Class B, Class C, Institutional, |
Benchmark: Barclays Capital U.S. Universal Index |
| Investor |
Inception Date: July 1998 |
|
|
Accounting/Performance Survivor: WFA Income Plus Fund |
|
|
Fund Overview
| • |
| The WFA Income Plus Bond Fund incorporates top-down macroeconomic analysis with bottom-up security selection. |
| • |
| The team actively manages the portfolio across the four dimensions of fixed-income (duration, yield curve, sector/credit quality, and security selection). |
| • |
| Each portfolio manager acts as a sector specialist within the investment team. A dedicated team of investment-grade and high-yield credit analysts with industry/sector responsibility performs intensive credit research. |
|
|
|
|
|
|
|
|
|
Current Wells Fargo Advantage Fund(s) |
| Current |
| Surviving Strategy |
|
|
| Proposed Wells Fargo Advantage Fund Subadvisor—Portfolio Manager(s) |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Income Plus Fund |
• Income Plus |
| • Core Plus Bond |
|
|
|
|
| Wells Capital Management - Bray, Newton, Price, Rilling |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Surviving strategy is from Wells Fargo Advantage Funds |
|
|
|
|
|
|
| Surviving Strategy |
|
|
|
|
| ||
Fund Information/Considerations |
| WFA Income Plus Fund |
| EVG Core Plus Bond Fund |
Portfolio Manager(s) |
| Bray, Newton, Price, Rilling |
| Bray, Newton, Price, Rilling |
|
|
| ||
Assets for All Share Classes (as of 9-30-09) |
| $413M |
| $171M |
Overall Morningstar Rating™ (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| **** |
| * |
| 954 funds in the Intermediate-Term Bond category |
| 954 funds in the Intermediate-Term Bond category | |
|
|
| ||
Inception Date |
| July 1998 |
| November 1972 |
|
|
| ||
Fund Benchmark |
| Barclays Capital U.S. Universal Index |
| Barclays Capital U.S. Aggregate Bond Index |
|
|
| ||
Lipper Category |
| Intermediate Investment Grade |
| Corporate Debt BBB Rated |
|
|
| ||
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one time period |
|
|
| ||
High Correlation of Returns to Survivor Fund (>95%) |
| — |
| No |
|
|
| ||
Current Share Class |
| Ticker |
| Ticker |
Class A |
| STYAX |
| EKDLX |
Class B |
| STYBX |
| EKDMX |
Class C |
| WFIPX |
| EKDCX |
Class I |
| WIPIX |
| EKDYX |
Investor |
| WIPNX |
| NA |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119790
Wells Fargo Advantage Funds®
Index Fund
|
|
|
Fund Details |
|
|
|
| |
Portfolio Manager(s): Bill Zieff |
| Fund Share Classes: |
Assets: $1,979M all share classes (as of 9-30-09) |
| Class A, Class B, Class C, Investor, Administrator |
Benchmark: S&P 500 Index |
|
|
Inception Date: February 1985 |
|
|
Accounting/Performance Survivor: EVG Equity Index Fund |
|
|
Fund Overview
| • |
| The fund’s strategy seeks to replicate the performance of the S&P 500 Index with minimum tracking error and minimize transaction costs. |
| • |
| Under normal circumstances, the Fund holds stocks representing 100% of the capitalization-weighted market values of the S&P 500 Index. |
| • |
| Generally, portfolio transactions are executed only to replicate the composition of the S&P 500 Index, to invest cash received from dividends or investments in the portfolio, and to raise cash to meet redemptions. |
| • |
| The Fund may hold cash or cash equivalents to facilitate payment of expenses or redemptions. For these and other reasons, the portfolio’s performance may closely approximate but not equal the performance of the S&P 500 Index. |
|
|
|
|
|
|
|
|
|
Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving Strategy |
|
|
| Proposed Wells Fargo Advantage Fund Subadvisor-Portfolio Manager(s) |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Index |
• Index |
| • Equity Index |
|
|
|
|
| Wells Capital Management-Zieff |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Surviving strategy is from Evergreen Funds |
|
|
|
|
|
|
| Surviving Strategy |
|
|
|
|
| ||
Fund Information/Considerations |
| EVG Equity Index Fund |
| WFA Index Fund |
Portfolio Manager(s) |
| Zieff |
| Genung |
|
|
| ||
Assets for all share classes (as of 9-30-09) |
| $425M |
| $1,554M |
Overall Morningstar RatingTM (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| *** |
| *** |
| 1,704 funds in the |
| 1,704 funds in the | |
|
|
| ||
|
| Large Blend category |
| Large Blend category |
|
|
| ||
Inception Date |
| February 1985 |
| January 1987 |
|
|
| ||
Fund Benchmark |
| S&P 500 Index |
| S&P 500 Index |
|
|
| ||
Lipper Category |
| S&P 500 Index |
| S&P 500 Index |
|
|
| ||
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one time period |
|
|
| ||
High Correlation of Returns to Survivor Fund (>95%) |
| — |
| Yes |
|
|
| ||
Current Share Class |
| Ticker |
| Ticker |
Class A |
| ESINX |
| WINAX |
Class B |
| ESIOX |
| WINBX |
Class C |
| ESECX |
| NA |
Class I |
| EVIIX |
| NA |
Class IS |
| EVISX |
| NA |
Investor |
| NA |
| WFVEX |
Administrator |
| NA |
| NVINX |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119764
Wells Fargo Advantage Funds®
Intermediate Tax/AMT-Free Fund
|
|
|
Fund Details |
|
|
|
| |
Portfolio Manager(s): Fitterer, Kiselak, Miller |
| Fund Share Classes: |
Assets: $906M all share classes (as of 9-30-09) |
| Class A,Class C, Institutional, Investor, Administrator |
Benchmark: Barclays Capital Municipal Bond 1–15 Year Blend Index |
|
|
Inception Date: July 2001 |
|
|
Accounting/Performance Survivor: WFA Intermediate Tax/AMT-Free Fund |
|
|
Fund Overview
| • |
| The WFA Intermediate Tax/AMT-Free Fund is managed using a team of 15 led by Lyle Fitterer. The team incorporates top-down macroeconomic analysis with bottom-up security selection. The manager seeks to generate excess performance through actively managing the four key elements of total return: duration, yield-curve positioning, sector allocation, and security selection. |
| • |
| The team uses a relative-value approach based on extensive credit analysis that seeks opportunities from changing market trends. Fundamental credit research is essential to the process. It is conducted by a dedicated team of credit analysts with industry/sector responsibility who perform intensive credit research focused on quantitative and qualitative factors on all holdings. |
| • |
| Under normal circumstances the team does not invest in securities that pay interest subject to federal income tax or to federal AMT. The team may invest up to 15% of the Fund’s assets in below investment-grade municipal securities. |
|
|
|
|
|
|
|
|
|
Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving Strategy |
|
|
| Proposed Wells Fargo Advantage Fund Subadvisor—Portfolio Manager(s) |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Intermediate Tax/AMT-Free |
• Intermediate Tax/AMT-Free |
| • Intermediate Municipal Bond |
|
|
|
|
| Wells Capital Management - Fitterer, Kiselak, Miller |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Surviving strategy is from Wells Fargo Advantage Funds |
|
|
|
|
|
|
| Surviving Strategy |
|
|
|
|
| ||
Fund Information/Considerations |
| WFA Intermediate Tax/AMT-Free Fund |
| EVG Intermediate Municipal Bond Fund |
Portfolio Manager(s) |
| Fitterer, Kiselak, Miller |
| Kiselak, Miller |
Assets for All Share Classes (as of 9-30-09) |
| $652M |
| $254M |
Overall Morningstar RatingTM (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| **** |
| *** |
| 231 funds in the Muni National Intermediate category |
| 231 funds in the Muni National Intermediate category | |
|
|
| ||
Inception Date |
| July 2001 |
| October 1997 |
|
|
| ||
Fund Benchmark |
| Barclays Capital Municipal Bond 1–15 Year Blend Index |
| Barclays Capital 5-Year Municipal Bond Index |
|
|
| ||
Lipper Category |
| Intermediate Muni Debt |
| Intermediate Muni Debt |
|
|
| ||
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one time period |
|
|
| ||
High Correlation of Returns to Survivor Fund (>95%) |
| — |
| No |
|
|
| ||
Current Share Class |
| Ticker |
| Ticker |
Class A |
| WFTAX |
| ESTVX |
Class B |
| NA |
| ESTTX |
Class C |
| WFTFX |
| ESTUX |
Class I |
| WITIX |
| ESTIX |
Class IS |
| NA |
| ESTSX |
Investor |
| SIMBX |
| NA |
Administrator |
| WFITX |
| NA |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119785
Wells Fargo Advantage Funds®
International Equity Fund
|
|
|
Fund Details |
|
|
|
| |
Portfolio Manager(s): Claró |
| Fund Share Classes: |
Assets: $1,078M all share classes (as of 9-30-09) |
| Class A, Class B, Class C, Class R, |
Benchmark: MSCI EAFE Free |
| Institutional, Administrator |
Inception Date: September 1979 |
|
|
Accounting/Performance Survivor: EVG International Equity Fund |
|
|
Fund Overview
| • |
| Francis Claró heads the International Developed Markets Equity team. His team consists of eight additional analysts who specialize by sector. Each analyst will survey the international markets without being constrained by market capitalization or country. The team interacts extensively with the Emerging Markets Equity team. |
| • |
| The team looks for “Value in Growth and Growth in Value.” Value in Growth is a type of “Growth at a Reasonable Price” strategy where the team does not want to overpay for growth opportunities. The Growth in Value refers to the team’s identification of some catalyst that may unlock the value of a company that is trading at a discount from intrinsic value. It is the identification of these catalysts that is at the heart of the team’s research process. |
|
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|
|
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|
|
Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving Strategy |
|
|
| Proposed Wells Fargo Advantage Fund Subadvisor—Portfolio Manager(s) |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| International Equity |
• International Core |
| • International Equity |
|
|
|
|
| Wells Capital Management - Claró |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Surviving strategy is from Evergreen Funds |
|
|
|
|
|
|
| Surviving Strategy |
|
|
|
|
| ||
Fund Information/Considerations |
| EVG International Equity Fund |
| WFA International Core Fund |
Portfolio Manager(s) |
| Claró |
| Claró |
|
|
| ||
Assets for All Share Classes (as of 9-30-09) |
| $1,074M |
| $4M |
|
|
| ||
Overall Morningstar Rating™ (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| **** |
| * |
| 600 funds in the Foreign Large Blend category |
| 600 funds in the Foreign Large Blend category | |
|
|
| ||
Inception Date |
| September 1979 |
| September 2001 |
|
|
| ||
Fund Benchmark |
| MSCI EAFE Free |
| MSCI EAFE |
|
|
| ||
Lipper Category |
| International Multi-Cap Core |
| International Large-Cap Core |
|
|
| ||
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one time period |
|
|
| ||
High Correlation of Returns to Survivor Fund (>95%) |
| — |
| Yes |
|
|
| ||
Current Share Class |
| Ticker |
| Ticker |
Class A |
| EKZAX |
| WFIAX |
Class B |
| EKZBX |
| WFIBX |
Class C |
| EKZCX |
| WFICX |
Class I |
| EKZYX |
| NA |
Class R |
| EKZRX |
| NA |
Administrator |
| NA |
| WFIDX |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119781
Wells Fargo Advantage Funds®
Large Cap Core Fund – New Shell
|
|
|
Fund Details |
|
|
|
| |
Portfolio Manager(s): Moser |
| Fund Share Classes: |
Assets: $249M all share classes (as of 9-30-09) |
| Class A, Class C, Institutional, Investor, |
Benchmark: S&P 500 Index |
| Administrator |
Inception Date: December 2007 |
|
|
Accounting/Performance Survivor: EVG Golden Large Cap Core Fund |
|
|
Fund Overview
| • |
| The team uses a disciplined investment process starting with an initial universe of securities and then applying a proprietary quantitative screen to identify candidate securities. The proprietary model contains a valuation model, an earnings model, and a trading model. Securities in the top quintile of the Total Composite Model are eligible for inclusion in the portfolio. The portfolio manager conducts a qualitative analysis in order to construct a focused portfolio. |
| • |
| The focused portfolio will typically consist of 50 securities, all equally weighted. The sector exposures are designed to be “near the benchmark.” |
| • |
| Portfolio turnover is typically 45%, with a forecast horizon and expected holding period of approximately 18 months. |
|
|
|
|
|
|
|
|
|
Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving |
|
|
| Proposed Wells Fargo Advantage Fund Subadvisor—Portfolio Manager(s) |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Large Cap Core |
• Large Company Core |
| • Golden Large Cap Core |
|
|
|
|
| Golden Capital Management - Moser |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Surviving strategy is from Evergreen Funds |
|
|
|
|
|
|
| Surviving Strategy |
|
|
|
|
| ||
Fund Information/Considerations |
| EVG Golden Large Cap Core Fund |
| WFA Large Company Core Fund |
Portfolio Manager(s) |
| Moser |
| Katz |
|
|
| ||
Assets for All Share Classes (as of 9-30-09) |
| $5M |
| $244M |
|
|
| ||
|
| NA |
| ** |
|
|
| ||
Overall Morningstar Rating™ (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
|
|
|
|
| 1,704 funds in the Large Blend category |
| 1,704 funds in the Large Blend category | |
|
|
| ||
Inception Date |
| December 2007 |
| December 1995 |
|
|
| ||
Fund Benchmark |
| S&P 500 Index |
| S&P 500 Index |
|
|
| ||
Lipper Category |
| Multi-Cap Core |
| Large Cap Core |
|
|
| ||
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one time period |
|
|
| ||
High Correlation of Returns to Survivor Fund (>95%) |
| — |
| No |
|
|
| ||
Current Share Class |
| Ticker |
| Ticker |
Class A |
| EGOAX |
| SGNAX |
Class B |
| EGOBX |
| SGNBX |
Class C |
| EGOCX |
| SGNCX |
Class I |
| EGOIX |
| SGNIX |
Investor |
| NA |
| SGRIX |
Administrator |
| NA |
| SGIKX |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119768
Wells Fargo Advantage Funds®
Mid Cap Growth Fund
|
|
|
Fund Details |
|
|
|
| |
Portfolio Manager(s): Philpott, Roberts |
| Fund Share Classes: |
Assets: $464M all share classes (as of 9-30-09) |
| Class A, Class B, Class C, Administrator, |
Benchmark: Russell Midcap® Growth |
| Institutional, Investor |
Inception Date: December 1994 |
|
|
Accounting/Performance Survivor: WFA Mid Cap Growth Fund |
|
|
Fund Overview
| • |
| The fund’s two portfolio managers, supported by four additional analysts, conduct rigorous fundamental research on small and mid capitalization companies complemented by an expansive information network to gain unique industry insight. |
| • |
| Seeks to invest in companies at an early or transitional stage of development before the market discovers their potential. |
| • |
| Follow a disciplined, two-tiered portfolio construction process that concentrates the core of the portfolio in their most seasoned (first-tier) positions while seeking to maintain prudent diversification in smaller, less-seasoned (second-tier) positions. |
|
|
|
|
|
|
|
|
|
Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving Strategy |
|
|
| Proposed Wells Fargo Advantage Fund Subadvisor—Portfolio Manager(s) |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Mid Cap Growth |
• Mid Cap Growth |
| • Mid Cap Growth |
|
|
|
|
| Wells Capital Management - Philpott, Roberts |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Surviving strategy is from Wells Fargo Advantage Funds |
|
|
|
|
|
|
| Surviving Strategy |
|
|
|
|
| ||
Fund Information/Considerations |
| WFA Mid Cap Growth Fund |
| EVG Mid Cap Growth Fund |
Portfolio Manager(s) |
| Philpott, Roberts |
| Junkins, Evans, Johnson |
|
|
| ||
Assets for All Share Classes (as of 9-30-09) |
| $131M |
| $333M |
|
|
| ||
Overall Morningstar Rating™ (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| **** |
| *** |
|
| |||
| 750 funds in the Mid-Cap Growth category |
| 750 funds in the Mid-Cap Growth category | |
|
|
| ||
Inception Date |
| December 1994 |
| September 1935 |
|
|
| ||
Fund Benchmark |
| Russell Midcap Growth |
| Russell Midcap Growth |
|
|
| ||
Lipper Category |
| Mid-Cap Growth |
| Mid-Cap Growth |
|
|
| ||
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one time period |
|
|
| ||
High Correlation of Returns to Survivor Fund (>95%) |
| — |
| Yes |
|
|
| ||
Current Share Class |
| Ticker |
| Ticker |
Class A |
| WFMCX |
| EKAAX |
Class B |
| WFMBX |
| EKABX |
Class C |
| WFMHX |
| EKACX |
Class I |
| WFMGX |
| EKAYX |
Investor |
| WFMZX |
| NA |
Administrator |
| WMCGX |
| NA |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119776
Wells Fargo Advantage Funds®
Municipal Bond Fund
|
|
|
Fund Details |
|
|
|
| |
Portfolio Manager(s): Fitterer, Kiselak, Miller |
| Fund Share Classes: |
Assets: $2,352M All share classes (as of 9-30-09) |
| Class A, Class B, Class C, Institutional, Investor, |
Benchmark: Barclays Capital Municipal Bond Index |
| Administrator |
Inception Date: October 1986 |
|
|
Accounting/Performance Survivor: WFA Municipal Bond Fund |
|
|
Fund Overview
| • |
| The WFA Municipal Bond Fund is managed by a team of 15, led by Lyle Fitterer. The team incorporates top-down macroeconomic analysis with bottom-up security selection. The manager seeks to generate excess performance through actively managing the four key elements of total return: duration, yield-curve positioning, sector allocation, and security selection. |
| • |
| The team uses a relative-value approach based on extensive credit analysis that seeks opportunities from changing market trends. Fundamental credit research is essential to the process. It is conducted by a dedicated team of credit analysts with industry/sector responsibility who perform intensive credit research focused on quantitative and qualitative factors on all holdings. |
|
|
|
|
|
|
|
|
|
Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving Strategy |
|
|
| Proposed Wells Fargo Advantage Fund Subadvisor-Portfolio Manager(s) |
|
|
|
|
| ||||
|
| • Municipal Bond |
|
|
|
|
| Municipal Bond |
• Municipal Bond |
| • High-Income Municipal Bond |
|
|
|
|
| Wells Capital Management- Fitterer, Kiselak, Miller |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Surviving strategy is from Wells Fargo Advantage Funds |
|
|
|
|
|
|
|
|
| Surviving Strategy |
|
|
|
|
|
|
|
| |||
Fund Information/Considerations |
| WFA Municipal Bond Fund |
| EVG Municipal Bond Fund |
| EVG High Income |
Portfolio Manager(s) |
| Fitterer, Kiselak, Miller |
| Fitterer, Kiselak |
| Kiselak, Derby |
|
|
|
| |||
Assets for All Share Classes (as of 9-30-09) |
| $760M |
| $1,426M |
| $166M |
|
|
|
| |||
Overall Morningstar Rating™ (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waved) |
| **** |
| **** |
| ** |
| 245 funds in the Municipal National Long category |
| 231 funds in the Municipal National Intermediate category |
| 125 funds in the High Yield Municipal category | |
|
|
|
| |||
Inception Date |
| October 1986 |
| January 1978 |
| June 1992 |
|
|
|
| |||
Fund Benchmark |
| Barclays Capital Municipal Bond Index |
| Barclays Capital Municipal Bond Index |
| Barclays Capital Municipal Bond Index |
|
|
|
| |||
Lipper Category |
| General Municipal Debt |
| General Municipal Debt |
| High-Yield Municipal |
|
|
|
| |||
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one time period |
| Underperformed in at least one time period |
|
|
|
| |||
High Correlation of Returns to Survivor Fund (>95%) |
| — |
| No |
| No |
|
|
|
| |||
Other Considerations |
| Core Muni |
| Core Muni |
| Lower Quality Muni |
|
|
|
| |||
Current Share Class |
| Ticker |
| Ticker |
| Ticker |
Class A |
| WMFAX |
| EKEAX |
| EFHAX |
Class B |
| WMFBX |
| EKEBX |
| EFHBX |
Class C |
| WMFCX |
| EKECX |
| EFHCX |
Class I |
| WMBIX |
| EKEYX |
| EFHYX |
Investor |
| SXFIX |
| NA |
| NA |
Administrator |
| WMFDX |
| NA |
| NA |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119786
Wells Fargo Advantage Funds®
Premier Large Company Growth Fund – New Shell
|
|
|
Fund Details |
|
|
|
| |
Portfolio Manager(s): Hamzaogullari |
| Fund Share Classes: |
Assets: $953M all share classes (as of 9-30-09) |
| Class A, Class B, Class C, Administrator, |
Benchmark: Russell 1000® Growth |
| Institutional, Investor, |
Inception Date: September 1935 |
|
|
Accounting/Performance Survivor: EVG Large Company Growth Fund |
|
|
Fund Overview
The EVG Large Company Growth team utilizes the following process/strategy:
| • |
| Through fundamental, bottom-up analysis, the team form distinct, company-specific insights that formulate their estimate of a business’s true intrinsic value. |
| • |
| The team believes that successful growth investing is the result of identifying high-quality companies capable of sustaining above-average, long-term cash flow growth and purchasing them at discounted prices to their intrinsic values. |
| • |
| The team believes that regardless of the short-term impact of business cycles, these firms can continue to grow for years at rates significantly greater than others in their sector, industry, or overall market. |
| • |
| The result is a concentrated, generally low-turnover portfolio of the team’s highest-conviction stocks; typically between 30 to 50 positions. |
|
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|
|
|
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|
|
Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving Strategy |
|
|
| Proposed Wells Fargo Advantage Fund Subadvisor—Portfolio Manager(s) |
|
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|
| ||||
|
|
|
|
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|
|
| Premier Large Company Growth |
• Large Company Growth |
| • Large Company Growth |
|
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|
|
| Wells Capital Management - Hamzaogullari |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Surviving strategy is from Evergreen Funds |
|
|
|
|
|
|
| Surviving Strategy |
|
|
|
|
| ||
Fund Information/Considerations |
| EVG Large Company Growth Fund |
| WFA Large Company Growth Fund |
Portfolio Manager(s) |
| Hamzaogullari |
| Dale, Nussbaum |
|
|
| ||
Assets for All Share Classes (as of 9-30-09) |
| $301M |
| $652M |
Overall Morningstar RatingTM (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| **** |
| ** |
| 1,515 funds in the Large Growth category |
| 1,515 funds in the Large Growth category | |
|
|
| ||
Inception Date |
| September 1935 |
| December 1982 |
|
|
| ||
Fund Benchmark |
| Russell 1000 Growth |
| Russell 1000 Growth |
|
|
| ||
Lipper Category |
| Large-Cap Growth |
| Large-Cap Growth |
|
|
| ||
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one time period |
|
|
| ||
High Correlation of Returns to Survivor Fund (>95%) |
| — |
| Yes |
|
|
| ||
Current Share Class |
| CUSIP |
| CUSIP |
Class A |
| EKJAX |
| NVLAX |
Class B |
| EKJBX |
| NVLOX |
Class C |
| EKJCX |
| WFLCX |
Class I |
| EKJYX |
| WLCSX |
Investor |
| NA |
| WFLZX |
Administrator |
| NA |
| NVLCX |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119772
Wells Fargo Advantage Funds®
Short-Term Municipal Bond Fund
|
|
|
Fund Details |
|
|
|
| |
Portfolio Manager(s): Fitterer, Casetta |
| Fund Share Classes: |
Assets: $1,992M all share classes (as of 9-30-09) |
| Class A, Class C, Institutional, Investor |
Benchmark: Barclays Capital 1- and 3-Yr Municipal Bond Composite Index |
|
|
Inception Date: December 1991 |
|
|
Accounting/Performance Survivor: WFA Short-Term Municipal Bond Fund |
|
|
Fund Overview
| • |
| The WFA Short-Term Municipal Bond Fund is managed using a team of 15 led by Lyle Fitterer. The team incorporates top-down macroeconomic analysis with bottom-up security selection. The manager seeks to generate excess performance through actively managing the four key elements of total return: duration, yield-curve positioning, sector allocation, and security selection. |
| • |
| The team uses a relative-value approach based on extensive credit analysis that seeks opportunities from changing market trends. Fundamental credit research is essential to the process. It is conducted by a dedicated team of credit analysts with industry/sector responsibility who perform intensive credit research focused on quantitative and qualitative factors on all holdings. |
|
|
|
|
|
|
|
|
|
Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving Strategy |
|
|
| Proposed Wells Fargo Advantage Fund Subadvisor—Portfolio Manager(s) |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Short-Term Municipal Bond |
• Short-Term Municipal Bond |
| • Short-Intermediate Municipal Bond |
|
|
|
|
| Wells Capital Management - Fitterer, Casetta |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Surviving strategy is from Wells Fargo Advantage Funds |
|
|
|
|
|
|
| Surviving Strategy |
|
|
|
|
| ||
Fund Information/Considerations |
| WFA Short-Term Municipal Bond Fund |
| EVG Short-Intermediate Municipal Bond Fund |
Portfolio Manager(s) |
| Fitterer, Casetta |
| Kiselak, Randazzo, Fitterer |
|
|
| ||
Assets for All Share Classes (as of 9-30-09) |
| $1,797M |
| $195M |
Overall Morningstar RatingTM (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| ***** |
| **** |
| 119 funds in the Muni National Short category |
| 119 funds in the Muni National Short category | |
|
|
| ||
Inception Date |
| December 1991 |
| November 1991 |
|
|
| ||
Fund Benchmark |
| Barclays Capital 1- and 3-Yr Municipal Bond Composite Index |
| Barclays Capital 3-Year Municipal Bond Index |
|
|
| ||
Lipper Category |
| Short Muni Debt |
| Short-Intermediate Muni |
|
|
| ||
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one time period |
|
|
| ||
High Correlation of Returns to Survivor Fund (>95%) |
| — |
| No |
|
|
| ||
Share Class |
| Ticker |
| Ticker |
Class A |
| WSMAX |
| EMUAX |
Class B |
| NA |
| EMUBX |
Class C |
| WSSCX |
| EMUCX |
Class I |
| WSBIX |
| EMUNX |
Investor |
| STSMX |
| NA |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119784
Wells Fargo Advantage Funds®
Special Mid Cap Value Fund
|
|
|
Fund Details |
|
|
|
| |
Portfolio Manager(s): Tringas, VanCronkhite |
| Fund Share Classes: |
Assets: $631M all share classes (as of 9-30-09) |
| Class A, Class C, Administrator, |
Benchmark: Russell Midcap® Value |
| Institutional, Investor |
Inception Date: December 1998 |
|
|
Accounting/Performance Survivor: WFA Mid Cap Disciplined Fund |
|
|
Fund Overview
| • |
| The team looks for companies believed to have a competitive advantage, sustainable earnings growth, strong balance sheet characteristics, such as low debt-to-capital ratio, and normalized cash flows that have historically been at substantially higher levels. |
| • |
| Valuation work analyzes and considers intrinsic value based on Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA), low price-to-earnings ratio, a company selling significantly below historical book value, overlooked hidden assets, and restructuring or corporate actions. |
|
|
|
|
|
|
|
|
|
Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving Strategy |
|
|
| Proposed Wells Fargo Advantage Fund Subadvisor—Portfolio Manager(s) |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Special Mid Cap Value |
• Mid Cap Disciplined |
| • Fundamental Mid Cap Value |
|
|
|
|
| Wells Capital Management - Tringas, VanCronkhite |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Surviving strategy is from Wells Fargo Advantage Funds |
|
|
|
|
|
|
| Surviving Strategy |
|
|
|
|
| ||
Fund Information/Considerations |
| WFA Mid Cap Disciplined |
| EVG Fundamental Mid Cap |
Portfolio Manager(s) |
| Tringas, VanCronkhite |
| Tringas |
|
|
| ||
Assets for All Share Classes (as of 9-30-09) |
| $629M |
| $2M |
|
|
| ||
|
| **** |
| NA |
|
|
| ||
Overall Morningstar Rating™ (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| 387 funds in the Mid-Cap Blend category |
| — |
|
|
| ||
Inception Date |
| December 1998 |
| September 2007 |
|
|
| ||
Fund Benchmark |
| Russell Midcap Value |
| Russell Midcap Value |
|
|
| ||
Lipper Category |
| Mid-Cap Value |
| Mid-Cap Value |
|
|
| ||
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one time period |
|
|
| ||
High Correlation of Returns to Survivor Fund (>95%) |
| — |
| Yes |
|
|
| ||
Current Share Class |
| Ticker |
| Ticker |
Class A |
| WFPAX |
| EFVAX |
Class B |
| NA |
| EFVBX |
Class C |
| WFPCX |
| EFVCX |
Class I |
| WFMIX |
| EFVIX |
Investor |
| SMCDX |
| NA |
Administrator |
| WFMDX |
| NA |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119775
Wells Fargo Advantage Funds®
Special Small Cap Value Fund – New Shell
|
|
|
Fund Details |
|
|
|
| |
Portfolio Manager(s): Tringas |
| Fund Share Classes: |
Assets: $1,194M all share classes (as of 9-30-09) |
| Class A, Class B, Class C, Administrator |
Benchmark: Russell 2000® Value |
|
|
Inception Date: May 1993 |
|
|
Accounting/Performance Survivor: EVG Special Values Fund |
|
|
Fund Overview
| • |
| The team looks for companies with a competitive advantage for sustainable earnings growth, strong balance sheet characteristics, such as low debt-to-capital ratio, and normalized cash flows substantially higher than current levels. Valuation work analyzes and considers intrinsic value based on EBITDA, low price-to-earnings ratio, a company selling significantly below historical book value, overlooked assets, and restructuring or corporate actions. |
| • |
| The fund generally invests in companies with market caps below $2 billion and has between 125 to 175 stocks across all sectors, while working to keep any individual stock position size <5%. |
|
|
|
|
|
|
|
|
|
Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving Strategy |
|
|
| Proposed Wells Fargo Advantage Fund Subadvisor—Portfolio Manager(s) |
|
|
|
|
| ||||
|
| • EVG Special Values Fund |
|
|
|
|
| Special Small Cap Value |
• NA |
| • EVG Small Cap Value Fund |
|
|
|
|
| Wells Capital Management - Tringas |
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Surviving strategy is from Evergreen Funds |
|
|
|
|
|
|
| Surviving Strategy |
|
|
|
|
| ||
Fund Information/Considerations |
| EVG Special Values |
| EVG Small Cap Value Fund |
Portfolio Manager(s) |
| Tringas |
| Tringas |
|
|
| ||
Assets for All Share Classes (as of 9-30-09) |
| $1,144M |
| $50M |
|
|
| ||
|
| *** |
| *** |
|
|
| ||
Overall Morningstar Rating™ (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| 318 funds in the Small Value category |
| 560 funds in the Small Blend category |
|
|
| ||
Inception Date |
| May 1993 |
| December 1997 |
|
|
| ||
Fund Benchmark |
| Russell 2000 Value |
| Russell 2000 Value |
|
|
| ||
Lipper Category |
| Small-Cap Value |
| Small-Cap Value |
|
|
| ||
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one time period |
|
|
| ||
High Correlation of Returns to Survivor Fund (>95%) |
| — |
| Yes |
|
|
| ||
Current Share Class |
| Ticker |
| Ticker |
Class A |
| ESPAX |
| ESKAX |
Class B |
| ESPBX |
| ESKBX |
Class C |
| ESPCX |
| ESKCX |
Class I |
| ESPIX |
| ESKIX |
Class R |
| ESPRX |
| NA |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119777
Wells Fargo Advantage Funds®
Total Return Bond Fund
|
|
|
Fund Details |
|
|
|
| |
Portfolio Manager(s): O’Connor, Ludgood |
| Fund Share Classes: |
Assets: $2,876M all share classes (as of 9-30-09) |
| Class A, Class B, Class C, Class R, |
Benchmark: Barclays Capital U.S. Aggregate Bond Index |
| Institutional, Investor, Administrator |
Inception Date: June 1997 |
|
|
Accounting/Performance Survivor: WFA Total Return Bond Fund |
|
|
Fund Overview
| • |
| The Montgomery team utilizes a unique core bond strategy focused on finding relative-value opportunities and dislocations in the bond market in a bottom-up, bond-by-bond fashion. |
| • |
| This strategy is deployed by trading in high-quality and highly liquid securities. A true core bond strategy, the team seeks to keep duration and yield curve bets to a minimum, utilizing instead its expertise in bond-by-bond selection in an effort to generate alpha. |
| • |
| The team seeks to repeatedly add modest amounts of alpha value while keeping portfolio risk and tracking error low. |
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Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
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| Proposed Wells Fargo Advantage Fund Subadvisor-Portfolio Manager(s) |
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• Total Return Bond |
| • Core Bond |
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| Total Return Bond |
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• Diversified Bond |
| • Short Intermediate Bond |
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| Wells Capital Management- O’Connor, Ludgood |
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| Surviving strategy is from Wells Fargo Advantage Funds |
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| Surviving Strategy |
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Fund Information/Considerations |
| WFA Total Return Bond Fund |
| WFA Diversified Bond Fund |
| EVG Core Bond Fund |
| EVG Short-Intermediate Bond Fund |
Portfolio Manager(s) |
| O’Connor, Ludgood |
| Team-Managed |
| O’Connor, Ludgood |
| O’Connor, Ludgood |
Assets for All Share Classes (as of 9-30-09) |
| $2,046M |
| $44M |
| $701M |
| $85M |
Overall Morningstar Rating™ (as of 9-30-09) |
| **** |
| *** |
| * |
| * |
| 954 funds in the Intermediate-Term Bond category |
| 954 funds in the Intermediate-Term Bond category |
| 954 funds in the Intermediate-Term Bond category |
| 954 funds in the Intermediate-Term Bond category | |
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Based on risk-adjusted return of: |
| Class A (load-waived) |
| Administrator |
| Class A (load-waived) |
| Class A (load-waived) |
Inception Date |
| June 1997 |
| December 1982 |
| December 1990 |
| March 1977 |
Fund Benchmark |
| Barclays Capital U.S. Aggregate Bond Index |
| Barclays Capital U.S. Aggregate Bond Index |
| Barclays Capital U.S. Aggregate Bond Index |
| Barclays Capital U.S. Intermediate Gov. Index |
Lipper Category |
| Intermediate Investment Grade |
| Intermediate Investment Grade |
| Intermediate Investment Grade |
| Short-Intermediate Investment Grade |
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one time period |
| Underperformed in at least one time period |
| Underperformed in at least one time period |
High Correlation to Survivor Fund (>95%) |
| — |
| No |
| No |
| No |
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Current Share Class |
| Ticker |
| Ticker |
| Ticker |
| Ticker |
Class A |
| MBFAX |
| NA |
| ESBAX |
| EFXAX |
Class B |
| MBFBX |
| NA |
| ESBBX |
| EFXBX |
Class C |
| MBFCX |
| NA |
| ESBCX |
| EFXCX |
Class I |
| MBFIX |
| NA |
| ESBIX |
| ESFIX |
Class IS |
| NA |
| NA |
| ESBSX |
| EFISX |
Class R |
| NA |
| NA |
| ESBRX |
| NA |
Investor |
| WTRZX |
| NA |
| NA |
| NA |
Administrator |
| MNTRX |
| NVMFX |
| NA |
| NA |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119791
Wells Fargo Advantage Funds®
Ultra Short-Term Income Fund
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Fund Details |
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| |
Portfolio Manager(s): Mueller, Newton, Price |
| Fund Share Classes: |
Assets: $847M all share classes (as of 9-30-09) |
| Class A, Class C, Institutional, |
Benchmark: Barclays Capital 9–12 Month Short-Term U.S. Government/Credit |
| Investor, Administrator |
Inception Date: November 1988 |
|
|
Accounting/Performance Survivor: WFA Ultra Short-Term Income Fund |
|
|
Fund Overview
| • |
| Tom Price has managed the Fund since 2002, with Jay Mueller joining in 2004 and Jamie Newton in 2008. |
| • |
| The team incorporates top-down macroeconomic analysis with bottom-up security selection. The managers seek to generate excess performance through actively managing the four key elements of total return: duration, yield curve positioning, sector allocation, and security selection. |
| • |
| The Fund is managed against the Barclays Capital 9–12 Month Short-Term U.S. Government/Credit; it typically holds little or no Treasury debt. Holdings are typically concentrated in corporate, ABS/CMO, and agency-backed mortgages sectors, with portfolio duration usually around six months. |
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Current Wells Fargo Advantage Fund(s) |
| Current Evergreen Fund(s) |
| Surviving |
|
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| Proposed Wells Fargo Advantage Fund Subadvisor—Portfolio Manager(s) |
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| ||||
• Ultra Short-Term Income |
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| Ultra Short-Term Income |
|
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| ||||
• Stable Income |
| • NA |
|
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| Wells Capital Management - Mueller, Newton, Price |
|
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| ||||
|
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| Surviving strategy is from Wells Fargo Advantage Funds |
|
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| Surviving Strategy |
|
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| ||
Fund Information/Considerations |
| WFA Ultra Short-Term Income Fund |
| WFA Stable Income Fund |
Portfolio Manager(s) |
| Mueller, Newton, Price |
| Merriam, Mirza |
Assets for All Share Classes (as of 9-30-09) |
| $606M |
| $241M |
Overall Morningstar Rating™ (as of 9-30-09) Based on risk-adjusted return of the A class shares (load-waived) |
| *** |
| *** |
|
|
|
| |
| 112 funds in the Ultra Short Bond category |
| 112 funds in the Ultra Short Bond category | |
Inception Date |
| November 1988 |
| November 1994 |
Fund Benchmark |
| Barclays Capital 9–12 Month Short-Term U.S. Government/Credit |
| Barclays Capital 9–12 Month Short-Term U.S. Government/Credit |
Lipper Category |
| Ultrashort Obligations |
| Short Investment Grade |
Relative Performance to Survivor Fund (based on 1-, 3-, 5-, 10-year performance) |
| — |
| Underperformed in at least one time period |
High Correlation of Returns to Survivor Fund (>95%) |
| — |
| No |
|
|
| ||
Current Share Class |
| Ticker |
| Ticker |
Class A |
| SADAX |
| NVSAX |
Class B |
| NA |
| NVSBX |
Class C |
| WUSTX |
| WSICX |
Institutional |
| SADIX |
| NA |
Investor |
| STADX |
| NA |
Administrator |
| WUSDX |
| NVSIX |
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
FOR INFORMATION AND EDUCATIONAL PURPOSES – DO NOT DISTRIBUTE
IMPORTANT - PLEASE READ
This information is being provided to you as training/reference materials to help you better respond by telephone to verbal inquiries. The information contained herein CANNOT be communicated to anyone outside of AMG in writing (including email/text) without additional Supervisory and Compliance reviews and approvals.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010. 119788
Wells Fargo Advantage Funds® & Evergreen Funds Merger Conversion Tool
The Merger Conversion Tool is designed to provide you with easy access to information regarding the proposed product line of the combined Wells Fargo Advantage Funds and Evergreen Funds.
Select the product you are interested in learning about from the drop down menu below and it will provide you with details on the proposed changes.
<image “View the changes to the Wells Fargo Advantage Funds lineup”>
Select an Evergreen fund from the menu below:
<drop-down menu with list of funds>
Top of Form
Bottom of Form
If you currently own this Fund:
You will own this
Wells Fargo Advantage Fund:
Which will be managed
substantially similar to this Fund:
Evergreen Adjustable Rate Fund – A
Adjustable Rate Government Fund – A
Cusip:
TBD
Ticker:
ESAAX
Fund Management:
Wells Capital Management –
Applebach, Kauffman
Evergreen Adjustable Rate Fund
Download Fact Sheet – ABC Shares
Evergreen Adjustable Rate Fund – B
Adjustable Rate Government Fund – B
Cusip:
TBD
Ticker:
ESABX
Fund Management:
Wells Capital Management –
Applebach, Kauffman
Evergreen Adjustable Rate Fund
Download Fact Sheet – ABC Shares
Evergreen Adjustable Rate Fund – C
Adjustable Rate Government Fund – C
Cusip:
TBD
Ticker:
ESACX
Fund Management:
Wells Capital Management –
Applebach, Kauffman
Evergreen Adjustable Rate Fund
Download Fact Sheet – ABC Shares
Evergreen Adjustable Rate Fund – I
Adjustable Rate Government Fund – I
Cusip:
TBD
Ticker:
EKIZX
Fund Management:
Wells Capital Management –
Applebach, Kauffman
Evergreen Adjustable Rate Fund
Download Fact Sheet – I Shares
Evergreen Adjustable Rate Fund – IS
Adjustable Rate Government Fund – A (load waived)
Cusip:
TBD
Ticker:
ESAAX
Fund Management:
Wells Capital Management –
Applebach, Kauffman
Evergreen Adjustable Rate Fund
Download Fact Sheet – ABC Shares
Evergreen Asset Allocation Fund – A
Asset Allocation Fund – A
Cusip:
TBD
Ticker:
EAAFX
Fund Management:
GMO –
Inker
Evergreen Asset Allocation Fund
Download Fact Sheet – ABC Shares
Evergreen Asset Allocation Fund – B
Asset Allocation Fund – B
Cusip:
TBD
Ticker:
EABFX
Fund Management:
GMO –
Inker
Evergreen Asset Allocation Fund
Download Fact Sheet – ABC Shares
Evergreen Asset Allocation Fund – C
Asset AllocationFund – C
Cusip:
TBD
Ticker:
EACFX
Fund Management:
GMO –
Inker
Evergreen Asset Allocation Fund
Download Fact Sheet – ABC Shares
Evergreen Asset Allocation Fund – I
Asset Allocation Fund – Administrator
Cusip:
TBD
Ticker:
EAIFX
Fund Management:
GMO –
Inker
Evergreen Asset Allocation Fund
Download Fact Sheet – I Shares
Evergreen Asset Allocation Fund – R
Asset Allocation Fund – R
Cusip:
TBD
Ticker:
EAXFX
Fund Management:
GMO –
Inker
Evergreen Asset Allocation Fund
Download Fact Sheet – R Shares
Evergreen California Municipal Bond – A
California Tax-Free Fund – A
Cusip:
94975H718
Ticker:
SCTAX
Fund Management:
Wells Capital Management –
Galiani, Van Poppel
Wells Fargo Advantage California Tax-Free Fund
Download Fact Sheet – ABC Shares
Evergreen California Municipal Bond – B
California Tax-Free Fund – B
Cusip:
94975H692
Ticker:
SGCBX
Fund Management:
Wells Capital Management –
Galiani, Van Poppel
Wells Fargo Advantage California Tax-Free Fund
Download Fact Sheet – ABC Shares
Evergreen California Municipal Bond – C
California Tax-Free Fund – C
Cusip:
94975H684
Ticker:
SCTCX
Fund Management:
Wells Capital Management –
Galiani, Van Poppel
Wells Fargo Advantage California Tax-Free Fund
Download Fact Sheet – ABC Shares
Evergreen California Municipal Bond – I
California Tax-Free Fund – Administrator
Cusip:
94975H676
Ticker:
SGCAX
Fund Management:
Wells Capital Management –
Galiani, Van Poppel
Wells Fargo Advantage California Tax-Free Fund
Download Fact Sheet – Administrator Shares
Evergreen California Municipal Money Market Fund– A
California Municipal Money Market Fund– A
Cusip:
94975H478
Ticker:
SGCXX
Fund Management:
Wells Capital Management –
Kiselak
Wells Fargo Advantage California Municipal Money Market Fund
Download Fact Sheet – A Shares
Evergreen California Municipal Money Market Fund– I
California Municipal Money Market Fund– Service
Cusip:
94975H460
Ticker:
WFCXX
Fund Management:
Wells Capital Management –
Kiselak
Wells Fargo Advantage California Municipal Money Market Fund
Download Fact Sheet – Service Shares
Evergreen California Municipal Money Market Fund– S
California Municipal Money Market Fund– Sweep
Cusip:
TBD
Ticker:
N/A
Fund Management:
Wells Capital Management –
Kiselak
Wells Fargo Advantage California Municipal Money Market Fund
Evergreen Core Bond Fund – A
Total Return Bond Fund – A
Cusip:
94975J631
Ticker:
MBFAX
Fund Management:
Wells Capital Management –
Ludgood, O'Connor
Wells Fargo Advantage Total Return Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Core Bond Fund – B
Total Return Bond Fund – B
Cusip:
94975J623
Ticker:
MBFBX
Fund Management:
Wells Capital Management –
Ludgood, O'Connor
Wells Fargo Advantage Total Return Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Core Bond Fund – C
Total Return Bond Fund – C
Cusip:
94975J615
Ticker:
MBFCX
Fund Management:
Wells Capital Management –
Ludgood, O'Connor
Wells Fargo Advantage Total Return Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Core Bond Fund – I
Total Return Bond Fund – I
Cusip:
94975J581
Ticker:
MBFIX
Fund Management:
Wells Capital Management –
Ludgood, O'Connor
Wells Fargo Advantage Total Return Bond Fund
Download Fact Sheet – Administrator/Institutional Shares
Evergreen Core Bond Fund – IS
Total Return Bond Fund – A (load waived)
Cusip:
94975J631
Ticker:
MBFAX
Fund Management:
Wells Capital Management –
Ludgood, O'Connor
Wells Fargo Advantage Total Return Bond
Download Fact Sheet – ABC Shares
Evergreen Core Bond Fund – R
Total Return Bond Fund – R
Cusip:
TBD
Ticker:
TBD
Fund Management:
Wells Capital Management –
Ludgood, O'Connor
Wells Fargo Advantage Total Return Bond
Evergreen Core Plus Bond – A
Income Plus Fund – A
Cusip:
94975H791
Ticker:
STYAX
Fund Management:
Wells Capital Management –
Price, Bray, Rilling, Newton
Wells Fargo Advantage Income Plus Fund
Download Fact Sheet – ABC Shares
Evergreen Core Plus Bond – B
Income Plus Fund – B
Cusip:
94975H783
Ticker:
STYBX
Fund Management:
Wells Capital Management –
Price, Bray, Rilling, Newton
Wells Fargo Advantage Income Plus Fund
Download Fact Sheet – ABC Shares
Evergreen Core Plus Bond – C
Income Plus Fund – C
Cusip:
94975H775
Ticker:
WFIPX
Fund Management:
Wells Capital Management –
Price, Bray, Rilling, Newton
Wells Fargo Advantage Income Plus Fund
Download Fact Sheet – ABC Shares
Evergreen Core Plus Bond – I
Income Plus Fund – I
Cusip:
94984B694
Ticker:
WIPIX
Fund Management:
Wells Capital Management –
Price, Bray, Rilling, Newton
Wells Fargo Advantage Income Plus Fund
Download Fact Sheet – Institutional Shares
Evergreen Disciplined Value Fund – A
Disciplined Value Fund – A
Cusip:
TBD
Ticker:
EDSAX
Fund Management:
Wells Capital Management –
Zieff
Evergreen Disciplined Value
Download Fact Sheet – ABC Shares
Evergreen Disciplined Value Fund – B
Disciplined Value Fund – A
Cusip:
TBD
Ticker:
EDSAX
Fund Management:
Wells Capital Management –
Zieff
Evergreen Disciplined Value
Download Fact Sheet – ABC Shares
Evergreen Disciplined Value Fund – C
Disciplined Value Fund – C
Cusip:
TBD
Ticker:
EDSCX
Fund Management:
Wells Capital Management –
Zieff
Evergreen Disciplined Value
Download Fact Sheet – ABC Shares
Evergreen Disciplined Value Fund – I
Disciplined Value Fund – Administrator
Cusip:
TBD
Ticker:
EDSIX
Fund Management:
Wells Capital Management –
Zieff
Evergreen Disciplined Value
Download Fact Sheet – I Shares
Evergreen Diversified Capital Builder Fund – A
Diversified Capital Builder Fund – A
Cusip:
TBD
Ticker:
EKBAX
Fund Management:
Wells Capital Management –
Patel
Evergreen Diversified Capital Builder Fund
Download Fact Sheet – ABC Shares
Evergreen Diversified Capital Builder Fund – B
Diversified Capital Builder Fund – B
Cusip:
TBD
Ticker:
EKBBX
Fund Management:
Wells Capital Management –
Patel
Evergreen Diversified Capital Builder Fund
Download Fact Sheet – ABC Shares
Evergreen Diversified Capital Builder Fund – C
Diversified Capital Builder Fund – C
Cusip:
TBD
Ticker:
EKBCX
Fund Management:
Wells Capital Management –
Patel
Evergreen Diversified Capital Builder Fund
Download Fact Sheet – ABC Shares
Evergreen Diversified Capital Builder Fund – I
Diversified Capital Builder Fund – I
Cusip:
TBD
Ticker:
EKBYX
Fund Management:
Wells Capital Management –
Patel
Evergreen Diversified Capital Builder Fund
Download Fact Sheet – I Shares
Evergreen Diversified Income Builder Fund – A
Diversified Income Builder Fund – A
Cusip:
TBD
Ticker:
EKSAX
Fund Management:
Wells Capital Management –
Patel
Evergreen Diversified Income Builder Fund
Download Fact Sheet – ABC Shares
Evergreen Diversified Income Builder Fund – B
Diversified Income Builder Fund – B
Cusip:
TBD
Ticker:
EKSBX
Fund Management:
Wells Capital Management –
Patel
Evergreen Diversified Income Builder Fund
Download Fact Sheet – ABC Shares
Evergreen Diversified Income Builder Fund – C
Diversified Income Builder Fund – C
Cusip:
TBD
Ticker:
EKSCX
Fund Management:
Wells Capital Management –
Patel
Evergreen Diversified Income Builder Fund
Download Fact Sheet – ABC Shares
Evergreen Diversified Income Builder Fund – I
Diversified Income Builder Fund – I
Cusip:
TBD
Ticker:
EKSYX
Fund Management:
Wells Capital Management –
Patel
Evergreen Diversified Income Builder Fund
Download Fact Sheet – I Shares
Evergreen Emerging Markets Growth Fund – A
Emerging Markets Equity Fund – A
Cusip:
TBD
Ticker:
EMGAX
Fund Management:
Wells Capital Management –
Zhang
Evergreen Emerging Markets Growth Fund
Download Fact Sheet – ABC Shares
Evergreen Emerging Markets Growth Fund – B
Emerging Markets Equity Fund – B
Cusip:
TBD
Ticker:
EMGBX
Fund Management:
Wells Capital Management –
Zhang
Evergreen Emerging Markets Growth Fund
Download Fact Sheet – ABC Shares
Evergreen Emerging Markets Growth Fund – C
Emerging Markets Equity Fund – C
Cusip:
TBD
Ticker:
EMGCX
Fund Management:
Wells Capital Management –
Zhang
Evergreen Emerging Markets Growth Fund
Download Fact Sheet – ABC Shares
Evergreen Emerging Markets Growth Fund – I
Emerging Markets Equity Fund – Administrator
Cusip:
TBD
Ticker:
EMGYX
Fund Management:
Wells Capital Management –
Zhang
Evergreen Emerging Markets Growth Fund
Download Fact Sheet – I Shares
Evergreen Enhanced S&P 500 Fund – A
Disciplined U.S. Core Fund – A
Cusip:
TBD
Ticker:
EVSAX
Fund Management:
Wells Capital Management –
Zieff
Evergreen Enhanced S&P 500 Fund
Download Fact Sheet – ABC Shares
Evergreen Enhanced S&P 500 Fund – B
Disciplined U.S. Core Fund – A
Cusip:
TBD
Ticker:
EVSAX
Fund Management:
Wells Capital Management –
Zieff
Evergreen Enhanced S&P 500
Download Fact Sheet – ABC Shares
Evergreen Enhanced S&P 500 Fund – C
Disciplined U.S. Core Fund – C
Cusip:
TBD
Ticker:
EVSTX
Fund Management:
Wells Capital Management –
Zieff
Evergreen Enhanced S&P 500
Download Fact Sheet – ABC Shares
Evergreen Enhanced S&P 500 Fund – I
Disciplined U.S. Core Fund – Administrator
Cusip:
TBD
Ticker:
EVSYX
Fund Management:
Wells Capital Management –
Zieff
Evergreen Enhanced S&P 500 Fund
Download Fact Sheet – I Shares
Evergreen Enhanced S&P 500 Fund – IS
Disciplined U.S. Core Fund – A (load waived)
Cusip:
TBD
Ticker:
EVSAX
Fund Management:
Wells Capital Management –
Zieff
Evergreen Enhanced S&P 500 Fund
Download Fact Sheet – ABC Shares
Evergreen Equity Income Fund – A
Classic Value Fund – A
Cusip:
TBD
Ticker:
ETRAX
Fund Management:
Wells Capital Management –
McCormick, Mishuris
Evergreen Equity Income
Download Fact Sheet – ABC Shares
Evergreen Equity Income Fund – B
Classic Value Fund – B
Cusip:
TBD
Ticker:
ETRBX
Fund Management:
Wells Capital Management –
McCormick, Mishuris
Evergreen Equity Income
Download Fact Sheet – ABC Shares
Evergreen Equity Income Fund – C
Classic Value Fund – C
Cusip:
TBD
Ticker:
ETRCX
Fund Management:
Wells Capital Management –
McCormick, Mishuris
Evergreen Equity Income
Download Fact Sheet – ABC Shares
Evergreen Equity Income Fund – I
Classic Value Fund – Administrator
Cusip:
TBD
Ticker:
EVTRX
Fund Management:
Wells Capital Management –
McCormick, Mishuris
Evergreen Equity Income
Download Fact Sheet – I Shares
Evergreen Equity Income Fund – R
Classic Value Fund – R
Cusip:
TBD
Ticker:
ETRRX
Fund Management:
Wells Capital Management –
McCormick, Mishuris
Evergreen Equity Income
Download Fact Sheet – R Shares
Evergreen Equity Index Fund – A
Index Fund – A1
Cusip:
94984B777
Ticker:
TBD
Fund Management:
Wells Capital Management –
Zieff
Evergreen Index Fund
Download Fact Sheet – ABC Shares
Evergreen Equity Index Fund – B
Index Fund – B
Cusip:
94984B769
Ticker:
TBD
Fund Management:
Wells Capital Management –
Zieff
Evergreen Index Fund
Download Fact Sheet – ABC Shares
Evergreen Equity Index Fund – C
Index Fund – C1
Cusip:
TBD
Ticker:
TBD
Fund Management:
Wells Capital Management –
Zieff
Evergreen Index Fund
Download Fact Sheet – ABC Shares
Evergreen Equity Index Fund – I
Index Fund – Administrator
Cusip:
94975G686
Ticker:
TBD
Fund Management:
Wells Capital Management –
Zieff
Evergreen Index Fund
Download Fact Sheet – I Shares
Evergreen Equity Index Fund – IS
Index Fund – A (load waived)1
Cusip:
94984B777
Ticker:
TBD
Fund Management:
Wells Capital Management –
Zieff
Evergreen Index Fund
Download Fact Sheet – ABC Shares
Evergreen Fundamental Large Cap Fund – A
Core Equity Fund – A
Cusip:
TBD
Ticker:
EGIAX
Fund Management:
Wells Capital Management –
McCormick, Sanders
Evergreen Fundamental Large Cap Fund
Download Fact Sheet – ABC Shares
Evergreen Fundamental Large Cap Fund – B
Core Equity Fund – B
Cusip:
TBD
Ticker:
EGIBX
Fund Management:
Wells Capital Management –
McCormick, Sanders
Evergreen Fundamental Large Cap Fund
Download Fact Sheet – ABC Shares
Evergreen Fundamental Large Cap Fund – C
Core Equity Fund – C
Cusip:
TBD
Ticker:
EGICX
Fund Management:
Wells Capital Management –
McCormick, Sanders
Evergreen Fundamental Large Cap Fund
Download Fact Sheet – ABC Shares
Evergreen Fundamental Large Cap Fund – I
Core Equity Fund – Administrator
Cusip:
TBD
Ticker:
EVVTX
Fund Management:
Wells Capital Management –
McCormick, Sanders
Evergreen Fundamental Large Cap Fund
Download Fact Sheet – I Shares
Evergreen Fundamental Mid Cap Value Fund – A
Special Mid Cap Value Fund – A
Cusip:
949921308
Ticker:
WFPAX
Fund Management:
Wells Capital Management –
Tringas, VanCronkhite
Wells Fargo Advantage Mid Cap Disciplined
Download Fact Sheet – AC Shares
Evergreen Fundamental Mid Cap Value Fund – B
Special Mid Cap Value Fund – A
Cusip:
949921308
Ticker:
WFPAX
Fund Management:
Wells Capital Management –
Tringas, VanCronkhite
Wells Fargo Advantage Mid Cap Disciplined
Download Fact Sheet – AC Shares
Evergreen Fundamental Mid Cap Value Fund – C
Special Mid Cap Value Fund – C
Cusip:
949921407
Ticker:
WFPCX
Fund Management:
Wells Capital Management –
Tringas, VanCronkhite
Wells Fargo Advantage Mid Cap Disciplined
Download Fact Sheet – AC Shares
Evergreen Fundamental Mid Cap Value Fund – I
Special Mid Cap Value Fund – I
Cusip:
949915482
Ticker:
WFMIX
Fund Management:
Wells Capital Management –
Tringas, VanCronkhite
Wells Fargo Advantage Mid Cap Disciplined
Download Fact Sheet – Administrator/Institutional Shares
Evergreen Global Large Cap Equity Fund – A
Disciplined Global Equity Fund – A
Cusip:
TBD
Ticker:
EAGLX
Fund Management:
Wells Capital Management –
Zieff
Evergreen Global Large Cap Equity Fund
Download Fact Sheet – ABC Shares
Evergreen Global Large Cap Equity Fund – B
Disciplined Global Equity Fund – A
Cusip:
TBD
Ticker:
EAGLX
Fund Management:
Wells Capital Management –
Zieff
Evergreen Global Large Cap Equity Fund
Download Fact Sheet – ABC Shares
Evergreen Global Large Cap Equity Fund – C
Disciplined Global Equity Fund – C
Cusip:
TBD
Ticker:
ECGLX
Fund Management:
Wells Capital Management –
Zieff
Evergreen Global Large Cap Equity Fund
Download Fact Sheet – ABC Shares
Evergreen Global Large Cap Equity Fund – I
Disciplined Global Equity Fund – Administrator
Cusip:
TBD
Ticker:
EYGLX
Fund Management:
Wells Capital Management –
Zieff
Evergreen Global Large Cap Equity Fund
Download Fact Sheet – I Shares
Evergreen Global Opportunities Fund – A
Global Opportunities Fund – A
Cusip:
TBD
Ticker:
EKGAX
Fund Management:
Wells Capital Management –
Claro, Tringas
Evergreen Global Opportunities Fund
Download Fact Sheet – ABC Shares
Evergreen Global Opportunities Fund – B
Global Opportunities Fund – B
Cusip:
TBD
Ticker:
EKGBX
Fund Management:
Wells Capital Management –
Claro, Tringas
Evergreen Global Opportunities Fund
Download Fact Sheet – ABC Shares
Evergreen Global Opportunities Fund – C
Global Opportunities Fund – C
Cusip:
TBD
Ticker:
EKGCX
Fund Management:
Wells Capital Management –
Claro, Tringas
Evergreen Global Opportunities Fund
Download Fact Sheet – ABC Shares
Evergreen Global Opportunities Fund – I
Global Opportunities Fund – Administrator
Cusip:
TBD
Ticker:
EKGYX
Fund Management:
Wells Capital Management –
Claro, Tringas
Evergreen Global Opportunities Fund
Download Fact Sheet – I Shares
Evergreen Golden Core Opportunities Fund – A
Small/Mid Cap Core Fund – A
Cusip:
TBD
Ticker:
ECOAX
Fund Management:
Golden Capital Management –
Campbell
Evergreen Golden Core Opportunities Fund
Download Fact Sheet – ABC Shares
Evergreen Golden Core Opportunities Fund – B
Small/Mid Cap Core Fund – A
Cusip:
TBD
Ticker:
ECOAX
Fund Management:
Golden Capital Management –
Campbell
Evergreen Golden Core Opportunities Fund
Download Fact Sheet – ABC Shares
Evergreen Golden Core Opportunities Fund – C
Small/Mid Cap Core Fund – C
Cusip:
TBD
Ticker:
ECOCX
Fund Management:
Golden Capital Management –
Campbell
Evergreen Golden Core Opportunities Fund
Download Fact Sheet – ABC Shares
Evergreen Golden Core Opportunities Fund – I
Small/Mid Cap Core Fund – Administrator
Cusip:
TBD
Ticker:
ECOIX
Fund Management:
Golden Capital Management –
Campbell
Evergreen Golden Core Opportunities Fund
Download Fact Sheet – I Shares
Evergreen Golden Large Cap Core Fund – A
Large Cap Core Fund – A
Cusip:
TBD
Ticker:
EGOAX
Fund Management:
Golden Capital Management –
Moser
Evergreen Golden Large Cap Core Fund
Download Fact Sheet – ABC Shares
Evergreen Golden Large Cap Core Fund – B
Large Cap Core Fund – A
Cusip:
TBD
Ticker:
EGOAX
Fund Management:
Golden Capital Management –
Moser
Evergreen Golden Large Cap Core Fund
Download Fact Sheet – ABC Shares
Evergreen Golden Large Cap Core Fund – C
Large Cap Core Fund – C
Cusip:
TBD
Ticker:
EGOCX
Fund Management:
Golden Capital Management –
Moser
Evergreen Golden Large Cap Core Fund
Download Fact Sheet – ABC Shares
Evergreen Golden Large Cap Core Fund – I
Large Cap Core Fund – I
Cusip:
TBD
Ticker:
TBD
Fund Management:
Golden Capital Management –
Moser
Evergreen Golden Large Cap Core Fund
Download Fact Sheet – I Shares
Evergreen Growth Fund – A
Traditional Small Cap Growth Fund– A
Cusip:
TBD
Ticker:
EGWAX
Fund Management:
Wells Capital Management –
Drummond, Freeman, Carder, Harrison, Rick
Evergreen Growth Fund
Download Fact Sheet – ABC Shares
Evergreen Growth Fund – B
Traditional Small Cap Growth Fund– A
Cusip:
TBD
Ticker:
EGWAX
Fund Management:
Wells Capital Management –
Drummond, Freeman, Carder, Harrison, Rick
Evergreen Growth Fund
Download Fact Sheet – ABC Shares
Evergreen Growth Fund – C
Traditional Small Cap Growth Fund– A
Cusip:
TBD
Ticker:
EGWAX
Fund Management:
Wells Capital Management –
Drummond, Freeman, Carder, Harrison, Rick
Evergreen Growth Fund
Download Fact Sheet – ABC Shares
Evergreen Growth Fund – I
Traditional Small Cap Growth Fund– I
Cusip:
TBD
Ticker:
EGRYX
Fund Management:
Wells Capital Management –
Drummond, Freeman, Carder, Harrison, Rick
Evergreen Growth Fund
Download Fact Sheet – I Shares
Evergreen Health Care Fund – A
Health Care Fund – A
Cusip:
TBD
Ticker:
EHABX
Fund Management:
Wells Capital Management –
Junkin
Evergreen Health Care Fund
Download Fact Sheet – ABC Shares
Evergreen Health Care Fund – B
Health Care Fund – B
Cusip:
TBD
Ticker:
EHCBX
Fund Management:
Wells Capital Management –
Junkin
Evergreen Health Care Fund
Download Fact Sheet – ABC Shares
Evergreen Health Care Fund – C
Health Care Fund – C
Cusip:
TBD
Ticker:
EHCCX
Fund Management:
Wells Capital Management –
Junkin
Evergreen Health Care Fund
Download Fact Sheet – ABC Shares
Evergreen Health Care Fund – I
Health Care Fund – Administrator
Cusip:
TBD
Ticker:
EHCYX
Fund Management:
Wells Capital Management –
Junkin
Evergreen Health Care Fund
Download Fact Sheet – I Shares
Evergreen High Income Fund – A
High Yield Bond Fund – A
Cusip:
TBD
Ticker:
EKHAX
Fund Management:
Wells Capital Management –
Nordenfelt, Susser
Evergreen High Income Fund
Download Fact Sheet – ABC Shares
Evergreen High Income Fund – B
High Yield Bond Fund – B
Cusip:
TBD
Ticker:
EKHBX
Fund Management:
Wells Capital Management –
Nordenfelt, Susser
Evergreen High Income Fund
Download Fact Sheet – ABC Shares
Evergreen High Income Fund – C
High Yield Bond Fund – C
Cusip:
TBD
Ticker:
EKHCX
Fund Management:
Wells Capital Management –
Nordenfelt, Susser
Evergreen High Income Fund
Download Fact Sheet – ABC Shares
Evergreen High Income Fund – I
High Yield Bond Fund – Administrator
Cusip:
TBD
Ticker:
TBD
Fund Management:
Wells Capital Management –
Nordenfelt, Susser
Evergreen High Income Fund
Evergreen High Income Municipal Bond Fund – A
Municipal Bond Fund – A
Cusip:
949917843
Ticker:
WMFAX
Fund Management:
Wells Capital Management –
Fitterer, Miller, Kiselak
Wells Fargo Advantage Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen High Income Municipal Bond Fund – B
Municipal Bond Fund – B
Cusip:
949917835
Ticker:
WMFBX
Fund Management:
Wells Capital Management –
Fitterer, Miller, Kiselak
Wells Fargo Advantage Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen High Income Municipal Bond Fund – C
Municipal Bond Fund – C
Cusip:
949917827
Ticker:
WMFCX
Fund Management:
Wells Capital Management –
Fitterer, Miller, Kiselak
Wells Fargo Advantage Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen High Income Municipal Bond Fund – I
Municipal Bond Fund – Administrator
Cusip:
949917793
Ticker:
WMFDX
Fund Management:
Wells Capital Management –
Fitterer, Miller, Kiselak
Wells Fargo Advantage Municipal Bond Fund
Download Fact Sheet – Administrator/Institutional Shares
Evergreen Institutional 100% Treasury Money Market Fund – I
100% Treasury Money Market Fund – Administrator
Cusip:
TBD
Ticker:
TBD
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage 100% Treasury Money Market Fund
Evergreen Institutional 100% Treasury Money Market Fund – IS
100% Treasury Money Market Fund – Service
Cusip:
94975H270
Ticker:
NWTXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage 100% Treasury Money Market Fund
Download Fact Sheet – Service Shares
Evergreen Institutional Money Market Fund – AD
Heritage Money Market Fund – I
Cusip:
949917397
Ticker:
SHIXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market Fund
Download Fact Sheet – Institutional Shares
Evergreen Institutional Money Market Fund – I
Heritage Money Market Fund – I
Cusip:
949917397
Ticker:
SHIXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market Fund
Download Fact Sheet – Institutional Shares
Evergreen Institutional Money Market Fund – IN
Heritage Money Market Fund – I
Cusip:
949917397
Ticker:
SHIXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market Fund
Download Fact Sheet – Institutional Shares
Evergreen Institutional Money Market Fund – IS
Heritage Money Market Fund – Service
Cusip:
TBD
Ticker:
TBD
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market Fund
Evergreen Institutional Money Market Fund – P
Heritage Money Market Fund – Service
Cusip:
TBD
Ticker:
TBD
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market
Evergreen Institutional Municipal Money Market Fund – AD
Municipal Cash Management Money Market Fund– I
Cusip:
TBD
Ticker:
EMMXX
Fund Management:
Wells Capital Management –
Kiselak
Evergreen Institutional Municipal Money Market Fund
Download Fact Sheet – I Shares
Evergreen Institutional Municipal Money Market Fund – I
Municipal Cash Management Money Market Fund– I
Cusip:
TBD
Ticker:
EMMXX
Fund Management:
Wells Capital Management –
Kiselak
Evergreen Institutional Municipal Money Market Fund
Download Fact Sheet – I Shares
Evergreen Institutional Municipal Money Market Fund – IN
Municipal Cash Management Money Market Fund– I
Cusip:
TBD
Ticker:
EMMXX
Fund Management:
Wells Capital Management –
Kiselak
Evergreen Institutional Municipal Money Market Fund
Download Fact Sheet – I Shares
Evergreen Institutional Municipal Money Market Fund – IS
Municipal Cash Management Money Market Fund– Service
Cusip:
TBD
Ticker:
EISXX
Fund Management:
Wells Capital Management –
Kiselak
Evergreen Institutional Municipal Money Market Fund
Download Fact Sheet – IS Shares
Evergreen Institutional Municipal Money Market Fund – P
Municipal Cash Management Money Market Fund– Service
Cusip:
TBD
Ticker:
EISXX
Fund Management:
Wells Capital Management –
Kiselak
Evergreen Institutional Municipal Money Market Fund
Download Fact Sheet – IS Shares
Evergreen Institutional Treasury Money Market Fund – AD
Treasury Plus Money Market Fund – I
Cusip:
94975H296
Ticker:
PISXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Treasury Plus Money Market Fund
Download Fact Sheet – Institutional Shares
Evergreen Institutional Treasury Money Market Fund – I
Treasury Plus Money Market Fund – I
Cusip:
94975H296
Ticker:
PISXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Treasury Plus Money Market Fund
Download Fact Sheet – Institutional Shares
Evergreen Institutional Treasury Money Market Fund – IN
Treasury Plus Money Market Fund – I
Cusip:
94975H296
Ticker:
PISXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Treasury Plus Money Market Fund
Download Fact Sheet – Institutional Shares
Evergreen Institutional Treasury Money Market Fund – IS
Treasury Plus Money Market Fund – Service
Cusip:
94975H312
Ticker:
PRVXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Treasury Plus Money Market Fund
Download Fact Sheet – Service Shares
Evergreen Institutional Treasury Money Market Fund – P
Treasury Plus Money Market Fund – Service
Cusip:
94975H312
Ticker:
PRVXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Treasury Plus Money Market Fund
Download Fact Sheet – Service Shares
Evergreen Institutional U.S. Government Money Market Fund – I
Government Money Market Fund – I
Cusip:
94975P405
Ticker:
GVIXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Government Money Market Fund
Download Fact Sheet – Institutional Shares
Evergreen Institutional U.S. Government Money Market Fund – IN
Government Money Market Fund – I
Cusip:
94975P405
Ticker:
GVIXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Government Money Market Fund
Download Fact Sheet – Institutional Shares
Evergreen Institutional U.S. Government Money Market Fund – IS
Government Money Market Fund – Service
Cusip:
94975H254
Ticker:
NWGXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Government Money Market Fund
Download Fact Sheet – Service Shares
Evergreen Institutional U.S. Government Money Market Fund – P
Government Money Market Fund – Service
Cusip:
94975H254
Ticker:
NWGXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Government Money Market Fund
Download Fact Sheet – Service Shares
Evergreen Intermediate Municipal Bond Fund – A
Intermediate Tax/AMT-Free Fund – A
Cusip:
949921860
Ticker:
WFTAX
Fund Management:
Wells Capital Management –
Fitterer, Miller, Kiselak
Wells Fargo Advantage Intermediate Tax/AMT-Free Fund
Download Fact Sheet – AC Shares
Evergreen Intermediate Municipal Bond Fund – B
Intermediate Tax/AMT-Free Fund – A
Cusip:
949921860
Ticker:
WFTAX
Fund Management:
Wells Capital Management –
Fitterer, Miller, Kiselak
Wells Fargo Advantage Intermediate Tax/AMT-Free Fund
Download Fact Sheet – AC Shares
Evergreen Intermediate Municipal Bond Fund – C
Intermediate Tax/AMT-Free Fund – C
Cusip:
949921852
Ticker:
WFTFX
Fund Management:
Wells Capital Management –
Fitterer, Miller, Kiselak
Wells Fargo Advantage Intermediate Tax/AMT-Free Fund
Download Fact Sheet – AC Shares
Evergreen Intermediate Municipal Bond Fund – I
Intermediate Tax/AMT-Free Fund – Administrator
Cusip:
949921597
Ticker:
WFITX
Fund Management:
Wells Capital Management –
Fitterer, Miller, Kiselak
Wells Fargo Advantage Intermediate Tax/AMT-Free Fund
Download Fact Sheet – Administrator/Institutional Shares
Evergreen Intermediate Municipal Bond Fund – IS
Intermediate Tax/AMT-Free Fund – A (load waived)
Cusip:
949921860
Ticker:
WFTAX
Fund Management:
Wells Capital Management –
Fitterer, Miller, Kiselak
Wells Fargo Advantage Intermediate Tax/AMT-Free Fund
Download Fact Sheet – AC Shares
Evergreen International Bond Fund – A
International Bond Fund – A
Cusip:
TBD
Ticker:
ESIYX
Fund Management:
FIA –
Norris, Wilson, Lee, Perrin
Evergreen International Bond Fund
Download Fact Sheet – ABC Shares
Evergreen International Bond Fund – B
International Bond Fund – B
Cusip:
TBD
Ticker:
ESIUX
Fund Management:
FIA –
Norris, Wilson, Lee, Perrin
Evergreen International Bond Fund
Download Fact Sheet – ABC Shares
Evergreen International Bond Fund – C
International Bond Fund – C
Cusip:
TBD
Ticker:
ESIVX
Fund Management:
FIA –
Norris, Wilson, Lee, Perrin
Evergreen International Bond Fund
Download Fact Sheet – ABC Shares
Evergreen International Bond Fund – I
International Bond Fund – I
Cusip:
TBD
Ticker:
ESICX
Fund Management:
FIA –
Norris, Wilson, Lee, Perrin
Evergreen International Bond Fund
Download Fact Sheet – I Shares
Evergreen International Bond Fund – IS
International Bond Fund – A (load waived)
Cusip:
TBD
Ticker:
ESIYX
Fund Management:
FIA –
Norris, Wilson, Lee, Perrin
Evergreen International Bond Fund
Download Fact Sheet – ABC Shares
Evergreen International Equity Fund – A
International Equity Fund – A
Cusip:
TBD
Ticker:
TBD
Fund Management:
Wells Capital Management –
Claro
Wells Fargo Advantage International Core Fund
Download Fact Sheet – ABC Shares
Evergreen International Equity Fund – B
International Equity Fund – B
Cusip:
TBD
Ticker:
TBD
Fund Management:
Wells Capital Management –
Claro
Wells Fargo Advantage International Core Fund
Download Fact Sheet – ABC Shares
Evergreen International Equity Fund – C
International Equity Fund – C
Cusip:
TBD
Ticker:
TBD
Fund Management:
Wells Capital Management –
Claro
Wells Fargo Advantage International Core Fund
Download Fact Sheet – ABC Shares
Evergreen International Equity Fund – I
International Equity Fund – I
Cusip:
TBD
Ticker:
TBD
Fund Management:
Wells Capital Management –
Claro
Wells Fargo Advantage International Core Fund
Evergreen International Equity Fund – R
International Equity Fund – R
Cusip:
TBD
Ticker:
TBD
Fund Management:
Wells Capital Management –
Claro
Wells Fargo Advantage International Core Fund
Evergreen Intrinsic Value Fund – A
Intrinsic Value Fund – A
Cusip:
TBD
Ticker:
EIVAX
Fund Management:
MetWest Capital Management –
Gleicher, Lisenbee, Graham, Peck
Evergreen Intrinsic Value Fund
Download Fact Sheet – ABC Shares
Evergreen Intrinsic Value Fund – B
Intrinsic Value Fund – B
Cusip:
TBD
Ticker:
EIVBX
Fund Management:
MetWest Capital Management –
Gleicher, Lisenbee, Graham, Peck
Evergreen Intrinsic Value Fund
Download Fact Sheet – ABC Shares
Evergreen Intrinsic Value Fund – C
Intrinsic Value Fund – C
Cusip:
TBD
Ticker:
EIVCX
Fund Management:
MetWest Capital Management –
Gleicher, Lisenbee, Graham, Peck
Evergreen Intrinsic Value Fund
Download Fact Sheet – ABC Shares
Evergreen Intrinsic Value Fund – I
Intrinsic Value Fund – I
Cusip:
TBD
Ticker:
EIVIX
Fund Management:
MetWest Capital Management –
Gleicher, Lisenbee, Graham, Peck
Evergreen Intrinsic Value Fund
Download Fact Sheet – I Shares
Evergreen Intrinsic World Equity Fund – A
Intrinsic World Equity Fund – A
Cusip:
TBD
Ticker:
EWEAX
Fund Management:
MetWest Capital Management –
Gleicher, Lisenbee, Graham, Peck
Evergreen Intrinsic World Equity Fund
Download Fact Sheet – ABC Shares
Evergreen Intrinsic World Equity Fund – B
Intrinsic World Equity Fund – A
Cusip:
TBD
Ticker:
EWEAX
Fund Management:
MetWest Capital Management –
Gleicher, Lisenbee, Graham, Peck
Evergreen Intrinsic World Equity Fund
Download Fact Sheet – ABC Shares
Evergreen Intrinsic World Equity Fund – C
Intrinsic World Equity Fund – C
Cusip:
TBD
Ticker:
EWECX
Fund Management:
MetWest Capital Management –
Gleicher, Lisenbee, Graham, Peck
Evergreen Intrinsic World Equity Fund
Download Fact Sheet – ABC Shares
Evergreen Intrinsic World Equity Fund – I
Intrinsic World Equity Fund – Administrator
Cusip:
TBD
Ticker:
EWEIX
Fund Management:
MetWest Capital Management –
Gleicher, Lisenbee, Graham, Peck
Evergreen Intrinsic World Equity Fund
Download Fact Sheet – I Shares
Evergreen Large Company Growth Fund – A
Premier Large Company Growth Fund– A
Cusip:
TBD
Ticker:
EKJAX
Fund Management:
Wells Capital Management –
Hamzaogullari
Evergreen Large Company Growth Fund
Download Fact Sheet – ABC Shares
Evergreen Large Company Growth Fund – B
Premier Large Company Growth Fund– B
Cusip:
TBD
Ticker:
EKJBX
Fund Management:
Wells Capital Management –
Hamzaogullari
Evergreen Large Company Growth Fund
Download Fact Sheet – ABC Shares
Evergreen Large Company Growth Fund – C
Premier Large Company Growth Fund– C
Cusip:
TBD
Ticker:
EKJCX
Fund Management:
Wells Capital Management –
Hamzaogullari
Evergreen Large Company Growth Fund
Download Fact Sheet – ABC Shares
Evergreen Large Company Growth Fund – I
Premier Large Company Growth Fund– I
Cusip:
TBD
Ticker:
EKJYX
Fund Management:
Wells Capital Management –
Hamzaogullari
Evergreen Large Company Growth Fund
Download Fact Sheet – I Shares
Evergreen Mid Cap Growth Fund – A
Mid Cap Growth Fund – A
Cusip:
94975J201
Ticker:
WFMCX
Fund Management:
Wells Capital Management –
Philpott, Roberts
Wells Fargo Advantage Mid Cap Growth Fund
Download Fact Sheet – ABC Shares
Evergreen Mid Cap Growth Fund – B
Mid Cap Growth Fund – B
Cusip:
94975J300
Ticker:
WFMBX
Fund Management:
Wells Capital Management –
Philpott, Roberts
Wells Fargo Advantage Mid Cap Growth Fund
Download Fact Sheet – ABC Shares
Evergreen Mid Cap Growth Fund – C
Mid Cap Growth Fund – C
Cusip:
94975J409
Ticker:
WFMHX
Fund Management:
Wells Capital Management –
Philpott, Roberts
Wells Fargo Advantage Mid Cap Growth Fund
Download Fact Sheet – ABC Shares
Evergreen Mid Cap Growth Fund – I
Mid Cap Growth Fund – I
Cusip:
949921753
Ticker:
WFMGX
Fund Management:
Wells Capital Management –
Philpott, Roberts
Wells Fargo Advantage Mid Cap Growth Fund
Download Fact Sheet – Administrator/Institutional Shares
Evergreen Money Market Fund – A
Money Market Fund – A
Cusip:
94975H429
Ticker:
STGXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Money Market Fund
Download Fact Sheet – A Shares
Evergreen Money Market Fund – B
Money Market Fund – B
Cusip:
94975H411
Ticker:
N/A
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Money Market Fund
Download Fact Sheet – B Shares
Evergreen Money Market Fund – C
Money Market Fund – C
Cusip:
TBD
Ticker:
N/A
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Money Market Fund
Evergreen Money Market Fund – I
Money Market Fund – Service
Cusip:
TBD
Ticker:
TBD
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Money Market Fund
Evergreen Money Market Fund – S
Money Market Fund – Daily
Cusip:
TBD
Ticker:
N/A
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Money Market Fund
Evergreen Municipal Bond Fund – A
Municipal Bond Fund – A
Cusip:
949917843
Ticker:
WMFAX
Fund Management:
Wells Capital Management –
Fitterer, Miller, Kiselak
Wells Fargo Advantage Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Municipal Bond Fund – B
Municipal Bond Fund – B
Cusip:
949917835
Ticker:
WMFBX
Fund Management:
Wells Capital Management –
Fitterer, Miller, Kiselak
Wells Fargo Advantage Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Municipal Bond Fund – C
Municipal Bond Fund – C
Cusip:
949917827
Ticker:
WMFCX
Fund Management:
Wells Capital Management –
Fitterer, Miller, Kiselak
Wells Fargo Advantage Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Municipal Bond Fund – I
Municipal Bond Fund – I
Cusip:
949921670
Ticker:
WMBIX
Fund Management:
Wells Capital Management –
Fitterer, Miller, Kiselak
Wells Fargo Advantage Municipal Bond Fund
Download Fact Sheet – Administrator/Institutional Shares
Evergreen Municipal Money Market Fund – A
Municipal Money Market Fund – A
Cusip:
TBD
Ticker:
TBD
Fund Management:
Wells Capital Management –
Kiselak
Evergreen Municipal Money Market Fund
Download Fact Sheet – A Shares
Evergreen Municipal Money Market Fund – I
Municipal Money Market Fund – Service
Cusip:
TBD
Ticker:
TBD
Fund Management:
Wells Capital Management –
Kiselak
Evergreen Municipal Money Market Fund
Evergreen Municipal Money Market Fund – S
Municipal Money Market Fund – Sweep
Cusip:
TBD
Ticker:
N/A
Fund Management:
Wells Capital Management –
Kiselak
Evergreen Municipal Money Market Fund
Evergreen New Jersey Municipal Money Market Fund – A
New Jersey Municipal Money Market Fund– A
Cusip:
TBD
Ticker:
ENJXX
Fund Management:
Wells Capital Management –
Kiselak
Evergreen New Jersey Municipal Money Market Fund
Download Fact Sheet – A Shares
Evergreen New Jersey Municipal Money Market Fund – I
New Jersey Municipal Money Market Fund– Service
Cusip:
TBD
Ticker:
EJMXX
Fund Management:
Wells Capital Management –
Kiselak
Evergreen New Jersey Municipal Money Market Fund
Download Fact Sheet – I Shares
Evergreen New Jersey Municipal Money Market Fund – S
New Jersey Municipal Money Market Fund– Sweep
Cusip:
TBD
Ticker:
N/A
Fund Management:
Wells Capital Management –
Kiselak
Evergreen New Jersey Municipal Money Market Fund
Evergreen New York Municipal Money Market Fund– A
New York Municipal Money Market Fund– A
Cusip:
TBD
Ticker:
ENYXX
Fund Management:
Wells Capital Management –
Kiselak
Evergreen New York Municipal Money Market Fund
Download Fact Sheet – A Shares
Evergreen New York Municipal Money Market Fund– I
New York Municipal Money Market Fund– Service
Cusip:
TBD
Ticker:
ENIXX
Fund Management:
Wells Capital Management –
Kiselak
Evergreen New York Municipal Money Market Fund
Download Fact Sheet – I Shares
Evergreen New York Municipal Money Market Fund– S
New York Municipal Money Market Fund– Sweep
Cusip:
TBD
Ticker:
N/A
Fund Management:
Wells Capital Management –
Kiselak
Evergreen New York Municipal Money Market Fund
Evergreen North Carolina Municipal Bond Fund – A
North Carolina Tax-Free Fund – A
Cusip:
TBD
Ticker:
ENCMX
Fund Management:
Wells Capital Management –
Kiselak, Miller
Evergreen North Carolina Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen North Carolina Municipal Bond Fund – B
North Carolina Tax-Free Fund – A
Cusip:
TBD
Ticker:
ENCMX
Fund Management:
Wells Capital Management –
Kiselak, Miller
Evergreen North Carolina Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen North Carolina Municipal Bond Fund – C
North Carolina Tax-Free Fund – C
Cusip:
TBD
Ticker:
ENCCX
Fund Management:
Wells Capital Management –
Kiselak, Miller
Evergreen North Carolina Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen North Carolina Municipal Bond Fund – I
North Carolina Tax-Free Fund – I
Cusip:
TBD
Ticker:
ENCYX
Fund Management:
Wells Capital Management –
Kiselak, Miller
Evergreen North Carolina Municipal Bond Fund
Download Fact Sheet – I Shares
Evergreen Omega Fund – A
Omega Growth Fund – A
Cusip:
TBD
Ticker:
EKOAX
Fund Management:
Wells Capital Management –
Hamzaogullari
Evergreen Omega Fund
Download Fact Sheet – ABC Shares
Evergreen Omega Fund – B
Omega Growth Fund – B
Cusip:
TBD
Ticker:
EKOBX
Fund Management:
Wells Capital Management –
Hamzaogullari
Evergreen Omega Fund
Download Fact Sheet – ABC Shares
Evergreen Omega Fund – C
Omega Growth Fund – C
Cusip:
TBD
Ticker:
EKOCX
Fund Management:
Wells Capital Management –
Hamzaogullari
Evergreen Omega Fund
Download Fact Sheet – ABC Shares
Evergreen Omega Fund – I
Omega Growth Fund – Administrator
Cusip:
TBD
Ticker:
EOMYX
Fund Management:
Wells Capital Management –
Hamzaogullari
Evergreen Omega Fund
Download Fact Sheet – I Shares
Evergreen Omega Fund – R
Omega Growth Fund – R
Cusip:
TBD
Ticker:
EKORX
Fund Management:
Wells Capital Management –
Hamzaogullari
Evergreen Omega Fund
Download Fact Sheet – R Shares
Evergreen Pennsylvania Municipal Bond Fund – A
Pennsylvania Tax-Free Fund – A
Cusip:
TBD
Ticker:
EKVAX
Fund Management:
Wells Capital Management –
Kiselak, Miller
Evergreen Pennsylvania Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Pennsylvania Municipal Bond Fund – B
Pennsylvania Tax-Free Fund – B
Cusip:
TBD
Ticker:
EKVBX
Fund Management:
Wells Capital Management –
Kiselak, Miller
Evergreen Pennsylvania Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Pennsylvania Municipal Bond Fund – C
Pennsylvania Tax-Free Fund – C
Cusip:
TBD
Ticker:
EKVCX
Fund Management:
Wells Capital Management –
Kiselak, Miller
Evergreen Pennsylvania Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Pennsylvania Municipal Bond Fund – I
Pennsylvania Tax-Free Fund – I
Cusip:
TBD
Ticker:
EKVYX
Fund Management:
Wells Capital Management –
Kiselak, Miller
Evergreen Pennsylvania Municipal Bond Fund
Download Fact Sheet – I Shares
Evergreen Pennsylvania Municipal Money Market Fund – A
Pennsylvania Municipal Money Market Fund– A
Cusip:
TBD
Ticker:
EPPXX
Fund Management:
Wells Capital Management –
Kiselak
Evergreen Pennsylvania Municipal Money Market Fund
Download Fact Sheet – A Shares
Evergreen Pennsylvania Municipal Money Market Fund – I
Pennsylvania Municipal Money Market Fund– Service
Cusip:
TBD
Ticker:
EPAXX
Fund Management:
Wells Capital Management –
Kiselak
Evergreen Pennsylvania Municipal Money Market Fund
Download Fact Sheet – I Shares
Evergreen Pennsylvania Municipal Money Market Fund – S
Pennsylvania Municipal Money Market Fund– Sweep
Cusip:
TBD
Ticker:
N/A
Fund Management:
Wells Capital Management –
Kiselak
Evergreen Pennsylvania Municipal Money Market Fund
Evergreen Precious Metals Fund – A
Precious Metals Fund – A
Cusip:
TBD
Ticker:
EKWAX
Fund Management:
Wells Capital Management –
Bradshaw
Evergreen Precious Metals Fund
Download Fact Sheet – ABC Shares
Evergreen Precious Metals Fund – B
Precious Metals Fund – B
Cusip:
TBD
Ticker:
EKWBX
Fund Management:
Wells Capital Management –
Bradshaw
Evergreen Precious Metals Fund
Download Fact Sheet – ABC Shares
Evergreen Precious Metals Fund – C
Precious Metals Fund – C
Cusip:
TBD
Ticker:
EKWCX
Fund Management:
Wells Capital Management –
Bradshaw
Evergreen Precious Metals Fund
Download Fact Sheet – ABC Shares
Evergreen Precious Metals Fund – I
Precious Metals Fund – I
Cusip:
TBD
Ticker:
EKWYX
Fund Management:
Wells Capital Management –
Bradshaw
Evergreen Precious Metals Fund
Download Fact Sheet – I Shares
Evergreen Prime Cash Management Money Market Fund – AD
Heritage Money Market Fund – I
Cusip:
949917397
Ticker:
SHIXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market Fund
Download Fact Sheet – Institutional Shares
Evergreen Prime Cash Management Money Market Fund – I
Heritage Money Market Fund – I
Cusip:
949917397
Ticker:
SHIXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market Fund
Download Fact Sheet – Institutional Shares
Evergreen Prime Cash Management Money Market Fund – IN
Heritage Money Market Fund – I
Cusip:
949917397
Ticker:
SHIXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market Fund
Download Fact Sheet – Institutional Shares
Evergreen Prime Cash Management Money Market Fund – IS
Heritage Money Market Fund – Service
Cusip:
TBD
Ticker:
TBD
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market
Evergreen Prime Cash Management Money Market Fund – P
Heritage Money Market Fund – Service
Cusip:
TBD
Ticker:
TBD
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market Fund
Evergreen Short-Intermediate Bond Fund – A
Total Return Bond Fund – A
Cusip:
94975J631
Ticker:
MBFAX
Fund Management:
Wells Capital Management –
Ludgood, O'Connor
Wells Fargo Advantage Total Return Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Short-Intermediate Bond Fund – B
Total Return Bond Fund – B
Cusip:
94975J623
Ticker:
MBFBX
Fund Management:
Wells Capital Management –
Ludgood, O'Connor
Wells Fargo Advantage Total Return Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Short-Intermediate Bond Fund – C
Total Return Bond Fund – C
Cusip:
94975J615
Ticker:
MBFCX
Fund Management:
Wells Capital Management –
Ludgood, O'Connor
Wells Fargo Advantage Total Return Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Short-Intermediate Bond Fund – I
Total Return Bond Fund – Administrator
Cusip:
94975J599
Ticker:
MNTRX
Fund Management:
Wells Capital Management –
Ludgood, O'Connor
Wells Fargo Advantage Total Return Bond Fund
Download Fact Sheet – Administrator/Institutional Shares
Evergreen Short-Intermediate Bond Fund – IS
Total Return Bond Fund – A (load waived)
Cusip:
94975J631
Ticker:
MBFAX
Fund Management:
Wells Capital Management –
Ludgood, O'Connor
Wells Fargo Advantage Total Return Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Short-Intermediate Municipal Bond Fund – A
Short-Term Municipal Bond Fund – A
Cusip:
94984B751
Ticker:
WSMAX
Fund Management:
Wells Capital Management –
Fitterer, Casetta
Wells Fargo Advantage Short-Term Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Short-Intermediate Municipal Bond Fund – B
Short-Term Municipal Bond Fund – A
Cusip:
94984B751
Ticker:
WSMAX
Fund Management:
Wells Capital Management –
Fitterer, Casetta
Wells Fargo Advantage Short-Term Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Short-Intermediate Municipal Bond Fund – C
Short-Term Municipal Bond Fund – C
Cusip:
949917876
Ticker:
WSSCX
Fund Management:
Wells Capital Management –
Fitterer, Casetta
Wells Fargo Advantage Short-Term Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Short-Intermediate Municipal Bond Fund – I
Short-Term Municipal Bond Fund – A (load waived)
Cusip:
94984B751
Ticker:
WSMAX
Fund Management:
Wells Capital Management –
Fitterer, Casetta
Wells Fargo Advantage Short-Term Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Small-Mid Growth Fund – A
Growth Opportunities Fund – A
Cusip:
TBD
Ticker:
ESMGX
Fund Management:
Wells Capital Management –
Philpott, Roberts
Evergreen Small-Mid Growth Fund
Download Fact Sheet – A Shares
Evergreen Small-Mid Growth Fund – I
Growth Opportunities Fund – I
Cusip:
TBD
Ticker:
ESMIX
Fund Management:
Wells Capital Management –
Philpott, Roberts
Evergreen Small-Mid Growth Fund
Download Fact Sheet – I Shares
Evergreen Small Cap Value Fund – A
Special Small Cap Value Fund – A
Cusip:
TBD
Ticker:
ESPAX
Fund Management:
Wells Capital Management –
Tringas
Evergreen Special Values Fund
Download Fact Sheet – ABC Shares
Evergreen Small Cap Value Fund – B
Special Small Cap Value Fund – B
Cusip:
TBD
Ticker:
ESPBX
Fund Management:
Wells Capital Management –
Tringas
Evergreen Special Values Fund
Download Fact Sheet – ABC Shares
Evergreen Small Cap Value Fund – C
Special Small Cap Value Fund – C
Cusip:
TBD
Ticker:
ESPCX
Fund Management:
Wells Capital Management –
Tringas
Evergreen Special Values Fund
Download Fact Sheet – ABC Shares
Evergreen Small Cap Value Fund – I
Special Small Cap Value Fund – Administrator
Cusip:
TBD
Ticker:
ESPIX
Fund Management:
Wells Capital Management –
Tringas
Evergreen Special Values Fund
Download Fact Sheet – I Shares
Evergreen Special Values Fund – A
Special Small Cap Value Fund – A
Cusip:
TBD
Ticker:
ESPAX
Fund Management:
Wells Capital Management –
Tringas
Evergreen Special Values Fund
Download Fact Sheet – ABC Shares
Evergreen Special Values Fund – B
Special Small Cap Value Fund – B
Cusip:
TBD
Ticker:
ESPBX
Fund Management:
Wells Capital Management –
Tringas
Evergreen Special Values Fund
Download Fact Sheet – ABC Shares
Evergreen Special Values Fund – C
Special Small Cap Value Fund – C
Cusip:
TBD
Ticker:
ESPCX
Fund Management:
Wells Capital Management –
Tringas
Evergreen Special Values Fund
Download Fact Sheet – ABC Shares
Evergreen Special Values Fund – I
Special Small Cap Value Fund – Administrator
Cusip:
TBD
Ticker:
TBD
Fund Management:
Wells Capital Management –
Tringas
Evergreen Special Values Fund
Download Fact Sheet – I Shares
Evergreen Special Values Fund – R
Special Small Cap Value Fund – A (load-waived)
Cusip:
TBD
Ticker:
ESPAX
Fund Management:
Wells Capital Management –
Tringas
Evergreen Special Values Fund
Download Fact Sheet – R Shares
Evergreen Strategic Growth Fund – A
Strategic Large Cap Growth Fund – A
Cusip:
TBD
Ticker:
ESGAX
Fund Management:
Wells Capital Management –
Reid, Chow, Zelko
Evergreen Strategic Growth Fund
Download Fact Sheet – ABC Shares
Evergreen Strategic Growth Fund – B
Strategic Large Cap Growth Fund – A
Cusip:
TBD
Ticker:
ESGAX
Fund Management:
Wells Capital Management –
Reid, Chow, Zelko
Evergreen Strategic Growth Fund
Download Fact Sheet – ABC Shares
Evergreen Strategic Growth Fund – C
Strategic Large Cap Growth Fund – C
Cusip:
TBD
Ticker:
ESGTX
Fund Management:
Wells Capital Management –
Reid, Chow, Zelko
Evergreen Strategic Growth Fund
Download Fact Sheet – ABC Shares
Evergreen Strategic Growth Fund – I
Strategic Large Cap Growth Fund – I
Cusip:
TBD
Ticker:
ESGIX
Fund Management:
Wells Capital Management –
Reid, Chow, Zelko
Evergreen Strategic Growth Fund
Download Fact Sheet – I Shares
Evergreen Strategic Growth Fund – IS
Strategic Large Cap Growth Fund – A
Cusip:
TBD
Ticker:
TBD
Fund Management:
Wells Capital Management –
Reid, Chow, Zelko
Evergreen Strategic Growth Fund
Download Fact Sheet – ABC Shares
Evergreen Strategic Growth Fund – R
Strategic Large Cap Growth Fund – R
Cusip:
TBD
Ticker:
ESGRX
Fund Management:
Wells Capital Management –
Reid, Chow, Zelko
Evergreen Strategic Growth Fund
Download Fact Sheet – ABC Shares
Evergreen Strategic Municipal Bond Fund – A
Strategic Municipal Bond Fund – A
Cusip:
TBD
Ticker:
VMPAX
Fund Management:
Wells Capital Management –
Fitterer, Kiselak, Bonilla
Evergreen Strategic Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Strategic Municipal Bond Fund – B
Strategic Municipal Bond Fund – B
Cusip:
TBD
Ticker:
VMPIX
Fund Management:
Wells Capital Management –
Fitterer, Kiselak, Bonilla
Evergreen Strategic Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Strategic Municipal Bond Fund – C
Strategic Municipal Bond Fund – C
Cusip:
TBD
Ticker:
DHICX
Fund Management:
Wells Capital Management –
Fitterer, Kiselak, Bonilla
Evergreen Strategic Municipal Bond Fund
Download Fact Sheet – ABC Shares
Evergreen Strategic Municipal Bond Fund – I
Strategic Municipal Bond Fund – Administrator
Cusip:
TBD
Ticker:
VMPYX
Fund Management:
Wells Capital Management –
Fitterer, Kiselak, Bonilla
Evergreen Strategic Municipal Bond Fund
Download Fact Sheet – I Shares
Evergreen Treasury Money Market Fund – A
Treasury Plus Money Market Fund – A
Cusip:
94975H320
Ticker:
PIVXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Treasury Plus Money Market Fund
Download Fact Sheet – A Shares
Evergreen Treasury Money Market Fund – I
Treasury Plus Money Market Fund – Service
Cusip:
94975H312
Ticker:
PRVXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Treasury Plus Money Market Fund
Download Fact Sheet – Service Shares
Evergreen Treasury Money Market Fund – S
Treasury Plus Money Market Fund – Sweep
Cusip:
TBD
Ticker:
N/A
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Treasury Plus Money Market Fund
Evergreen U.S. Government Fund – A
Government Securities Fund – A
Cusip:
949917553
Ticker:
SGVDX
Fund Management:
Wells Capital Management –
Bray, Mueller
Wells Fargo Advantage Government Securities Fund
Download Fact Sheet – ABC Shares
Evergreen U.S. Government Fund – B
Government Securities Fund – B
Cusip:
94984B744
Ticker:
WGSBX
Fund Management:
Wells Capital Management –
Bray, Mueller
Wells Fargo Advantage Government Securities Fund
Download Fact Sheet – ABC Shares
Evergreen U.S. Government Fund – C
Government Securities Fund – C
Cusip:
949917587
Ticker:
WGSCX
Fund Management:
Wells Capital Management –
Bray, Mueller
Wells Fargo Advantage Government Securities Fund
Download Fact Sheet – ABC Shares
Evergreen U.S. Government Fund – I
Government Securities Fund – Administrator
Cusip:
949917546
Ticker:
WGSDX
Fund Management:
Wells Capital Management –
Bray, Mueller
Wells Fargo Advantage Government Securities Fund
Download Fact Sheet – Administrator/Institutional Shares
Evergreen U.S. Government Money Market Fund – A
Government Money Market Fund – A
Cusip:
94975H262
Ticker:
WFGXX
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Government Money Market Fund
Download Fact Sheet – A Shares
Evergreen U.S. Government Money Market Fund – S
Government Money Market Fund – Sweep
Cusip:
TBD
Ticker:
N/A
Fund Management:
Wells Capital Management –
Sylvester
Wells Fargo Advantage Government Money Market Fund
Evergreen Utility and Telecommunications Fund – A
Utility and Telecommunications Fund– A
Cusip:
TBD
Ticker:
EVUAX
Fund Management:
Crow Point Partners –
O'Brien
Evergreen Utility and Telecommunications Fund
Download Fact Sheet – ABC Shares
Evergreen Utility and Telecommunications Fund – B
Utility and Telecommunications Fund– B
Cusip:
TBD
Ticker:
EVUBX
Fund Management:
Crow Point Partners –
O'Brien
Evergreen Utility and Telecommunications Fund
Download Fact Sheet – ABC Shares
Evergreen Utility and Telecommunications Fund – C
Utility and Telecommunications Fund– C
Cusip:
TBD
Ticker:
EVUCX
Fund Management:
Crow Point Partners –
O'Brien
Evergreen Utility and Telecommunications Fund
Download Fact Sheet – ABC Shares
Evergreen Utility and Telecommunications Fund – I
Utility and Telecommunications Fund– I
Cusip:
TBD
Ticker:
EVUYX
Fund Management:
Crow Point Partners –
O'Brien
Evergreen Utility and Telecommunications Fund
Download Fact Sheet – I Shares
Evergreen VA Core Bond Fund – 2
VT Total Return Bond Fund – 2
Cusip:
949756209
Ticker:
N/A
Fund Management:
Wells Capital Management –
Ludgood, Montgomery, O'Connor
Wells Fargo Advantage VT Total Return Bond Fund
Evergreen VA Fundamental Large Cap Fund – 1
VT Core Equity Fund – 1
Cusip:
TBD
Ticker:
N/A
Fund Management:
Wells Capital Management –
McCormick, Sanders
Evergreen VA Fundamental Large Cap
Evergreen VA Fundamental Large Cap Fund – 2
VT Core Equity Fund – 2
Cusip:
TBD
Ticker:
N/A
Fund Management:
Wells Capital Management –
McCormick, Sanders
Evergreen VA Fundamental Large Cap
Evergreen VA Growth Fund – 1
VT Small Cap Growth Fund – 12
Cusip:
TBD
Ticker:
N/A
Fund Management:
Wells Capital Management –
Philpott, Roberts
Wells Fargo Advantage VT Small Cap Growth Fund
Evergreen VA Growth Fund – 2
VT Small Cap Growth Fund – 22
Cusip:
949756886
Ticker:
N/A
Fund Management:
Wells Capital Management –
Philpott, Roberts
Wells Fargo Advantage VT Small Cap Growth Fund
Evergreen VA International Equity Fund – 1
VT International Equity Fund – 1
Cusip:
TBD
Ticker:
N/A
Fund Management:
Wells Capital Management –
Claro
Wells Fargo Advantage VT International Core Fund
Evergreen VA International Equity Fund – 2
VT International Equity Fund – 2
Cusip:
949756605
Ticker:
N/A
Fund Management:
Wells Capital Management –
Claro
Wells Fargo Advantage VT International Core Fund
Evergreen VA Omega Fund – 1
VT Omega Growth Fund – 1
Cusip:
TBD
Ticker:
N/A
Fund Management:
Wells Capital Management –
Hamzaogullari
Evergreen VA Omega Fund
Evergreen VA Omega Fund – 2
VT Omega Growth Fund – 2
Cusip:
TBD
Ticker:
N/A
Fund Management:
Wells Capital Management –
Hamzaogullari
Evergreen VA Omega Fund
Evergreen VA Special Values Fund – 1
VT Small Cap Value – 1
Cusip:
TBD
Ticker:
N/A
Fund Management:
Wells Capital Management –
Rinaldi
Wells Fargo Advantage VT Small/Mid Cap Value Fund
Evergreen VA Special Values Fund – 2
VT Small Cap Value – 2
Cusip:
949756837
Ticker:
N/A
Fund Management:
Wells Capital Management –
Rinaldi
Wells Fargo Advantage VT Small/Mid Cap Value Fund
Closed Fund – Evergreen Golden Mid Cap Core Fund
The Evergreen Golden Mid Cap Core Fund is closing and all shares are being liquidated by the end of March.
Closed Fund – Evergreen VA Diversified Capital Builder Fund
The Evergreen VA Diversified Capital Builder Fund is closing and all shares are being liquidated by the end of April.
Closed Fund – Evergreen VA Diversified Income Builder Fund
The Evergreen VA Diversified Income Builder Fund is closing and all shares are being liquidated by the end of April.
Closed Fund – Evergreen VA High Income Fund
The Evergreen VA High Income Fund is closing and all shares are being liquidated by the end of April.
These proposed changes are the result of recent approvals by the Wells Fargo Advantage Funds and Evergreen Funds Boards of Trustees of an integration plan for the two fund families. The Boards’ decisions must be approved by the shareholders of the impacted funds. Proxy statements are expected to be mailed to shareholders of record in April, and upon shareholder approval, the reorganizations are expected to take place in 2010.
*Please note: As of June 30, 2009, Class B shares of all Evergreen Funds and Wells Fargo Advantage Funds were closed to new investments by new and existing shareholders.
1The Fund is closed to new investors.
2The Fund is closed to new investors. However, existing participation agreements and new participation agreements entered into with Wells Fargo Funds Management in order to effect a merger may be allowed to continue to add new investors.
Additional Information and Where to Find It
The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
In connection with the proposed shell reorganizations and mergers, the acquirer will file a prospectus/proxy statement with the Securities and Exchange Commission. All shareholders are advised to read the prospectus/proxy statement in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, fees, expenses, risk considerations, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the prospectus/proxy statement to its shareholders once it is declared effective by the Commission. Shareholders may obtain a free copy of the prospectus/proxy statement when available and other documents filed by the acquirer with the Commission at the Commission's web site at http://www.sec.gov. Free copies of the prospectus/proxy statement, once available, may also be obtained by directing a request via mail, phone or e-mail to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, or at www.wellsfargo.com/advantagefunds or by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, or at www.evergreeninvestments.com. The target and the acquirer also file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission's public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target's shareholders under the rules of the Commission will be set forth in prospectus/proxy statement when it is filed with the Commission.
Please refer to the prospectus provided by your participating insurance company for detailed information describing the separate accounts, including information regarding surrender charges, mortality and expense risk fees, and other charges that may be assessed by the participating insurance companies.
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 Fund seeks 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.
A portion of the municipal Funds' 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.
The U.S. government guarantee applies to certain underlying securities and not to shares of the Funds.
Stock fund values fluctuate in response to the activities of individual companies and general market and economic conditions. Bond fund 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 fund 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.
Carefully consider a Fund's investment objectives, risks, charges, and expenses before investing. For a current Wells Fargo Advantage Funds prospectus, containing this and other information, visit 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 FINRA/SIPC, an affiliate of Wells Fargo & Company.
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Evergreen Investments, 200 Berkeley Street, Boston, MA 02116
January 13, 2010
Media Contacts: Laura Fay John Roehm
617-210-3867 415-222-5338
lfay@wellsfargo.com john.o.roehm@wellsfargo.com
Shareholder Inquiries: 800-359-3379
Financial Advisor Inquiries: 888-877-9275
Wells Fargo Funds Management and Evergreen Investments Announce
Mutual Fund Product Offering Changes
SAN FRANCISCO—Wells Fargo Funds Management, LLC, the advisor to the Wells Fargo Advantage Funds®, and its affiliate Evergreen Investment Management Company, LLC, the advisor to the Evergreen Funds, have announced plans to streamline and strengthen their mutual fund product offerings. The plans include a series of fund mergers, reorganizations, and liquidations which, following approval by fund shareholders, will result in a Wells Fargo Advantage Funds family offering 128 mutual funds, variable trust funds, and Wells Fargo Managed Account CoreBuilder® Shares, representing what we believe to be the best investment management talent from both firms.
“Uniting these two mutual fund families gives us a tremendous opportunity to better serve our clients by offering a powerful array of products that takes advantage of the strengths of both organizations,” said Karla Rabusch, president of Wells Fargo Advantage Funds. "We are thrilled with the quality, breadth and depth of the investment options that will be available to investors.”
The proposals are designed to both eliminate product overlap and reduce costs to shareholders, while making the resulting product lineup compelling, comprehensive, and easy to navigate. The proposals include the following:
27 Evergreen Funds will be reorganized into new Wells Fargo Advantage Funds;
53 mutual funds from both fund families will merge; and
Four Evergreen Funds and one Wells Fargo Advantage Fund will be liquidated.
These proposals have been unanimously approved by the Wells Fargo Advantage Funds and Evergreen Funds Boards of Trustees.
“Our goal has always been to offer investors access to the independent thinking of best-in-class asset managers with time-tested investment strategies,” said Andrew Owen, head of Wells Fargo Funds Management’s Marketing, Investments and Product group. “These actions enhance the overall quality of our investment offerings, while preserving the agility of our multi-boutique investment model.”
Following the fund mergers and reorganizations, Wells Fargo Funds Management will serve as investment advisor to all of the funds. Evergreen portfolio managers will continue to run Funds as part of Wells Capital Management, the institutional “multi-boutique” asset management firm within Wells Fargo’s Asset Management Group, which serves as subadvisor to many Wells Fargo Advantage Funds. Wells Capital Management is one of 17 distinct investment firms that Wells Fargo Funds Management currently engages to subadvise investment products across a variety of asset classes and styles, including equity, fixed-income, asset allocation, and money market.
“We recognize the importance of continuity for investors and are committed to ensuring a seamless integration experience throughout this process,” said Rabusch. “Our top priority remains our dedication to skillfully guiding clients through the investment terrain to help them reach their financial objectives.”
Following is a more comprehensive overview of the announced proposals. More information can be found at www.wellsfargo.com/advantagefunds or www.evergreeninvestments.com.
Reorganizations
Twenty-seven Evergreen Funds will each be reorganized into a new Wells Fargo Advantage Fund. These reorganizations are subject to shareholder approval and other closing conditions. In most cases, these reorganized funds will continue to receive investment advisory services from their current investment teams under Wells Capital Management. If the reorganizations are approved and the other closing conditions are met, the reorganizations are expected to occur in July 2010.
Current Evergreen Fund | New Wells Fargo Advantage Fund Name |
Evergreen Adjustable Rate Fund | Wells Fargo Advantage Adjustable Rate Government Fund |
Evergreen Asset Allocation Fund | Wells Fargo Advantage Asset Allocation Fund |
Evergreen Diversified Capital Builder Fund | Wells Fargo Advantage Diversified Capital Builder Fund |
Evergreen Diversified Income Builder Fund | Wells Fargo Advantage Diversified Income Builder Fund |
Evergreen Enhanced S&P 500 Fund | Wells Fargo Advantage Disciplined U.S. Core Fund |
Evergreen Fundamental Large Cap Fund | Wells Fargo Advantage Core Equity Fund |
Evergreen Global Large Cap Equity Fund | Wells Fargo Advantage Disciplined Global Equity Fund |
Evergreen Global Opportunities Fund | Wells Fargo Advantage Global Opportunities Fund |
Evergreen Golden Core Opportunities Fund | Wells Fargo Advantage Small/Mid Cap Core Fund |
Evergreen Growth Fund | Wells Fargo Advantage Traditional Small Cap Growth Fund |
Evergreen Health Care Fund | Wells Fargo Advantage Health Care Fund |
Evergreen High Income Fund | Wells Fargo Advantage High Yield Bond Fund |
Evergreen Institutional Municipal Money Market Fund | Wells Fargo Advantage Municipal Cash Management Money Market Fund |
Evergreen International Bond Fund | Wells Fargo Advantage International Bond Fund |
Evergreen Intrinsic Value Fund | Wells Fargo Advantage Intrinsic Value Fund |
Evergreen Intrinsic World Equity Fund | Wells Fargo Advantage Intrinsic World Equity Fund |
Evergreen New Jersey Municipal Money Market Fund | Wells Fargo Advantage New Jersey Municipal Money Market Fund |
Evergreen New York Municipal Money Market Fund | Wells Fargo Advantage New York Municipal Money Market Fund |
Evergreen North Carolina Municipal Bond Fund | Wells Fargo Advantage North Carolina Tax-Free Fund |
Evergreen Omega Fund | Wells Fargo Advantage Omega Growth Fund |
Evergreen Pennsylvania Municipal Bond Fund | Wells Fargo Advantage Pennsylvania Tax-Free Fund |
Evergreen Pennsylvania Municipal Money Market Fund | Wells Fargo Advantage Pennsylvania Municipal Money Market Fund |
Evergreen Precious Metals Fund | Wells Fargo Advantage Precious Metals Fund |
Evergreen Small-Mid Growth Fund | Wells Fargo Advantage Growth Opportunities Fund |
Evergreen Strategic Growth Fund | Wells Fargo Advantage Strategic Large Cap Growth Fund |
Evergreen Strategic Municipal Bond Fund | Wells Fargo Advantage Strategic Municipal Bond Fund |
Evergreen Utility and Telecommunications Fund | Wells Fargo Advantage Utility and Telecommunications Fund |
Mergers
In an effort to achieve possible economies of scale and to eliminate redundancies among fund offerings, the following merger proposals of funds with similar investment objectives and strategies will be put before shareholders of the merging funds in a proxy solicitation. The table below highlights which surviving fund will acquire the merging fund(s). The merger proposals are subject to shareholder approval and other conditions; if approved and other conditions are met, these mergers are expected to occur in July 2010.
Merging (or Target) Fund(s) | Acquiring Wells Fargo Advantage Fund |
Evergreen California Municipal Bond Fund | Wells Fargo Advantage California Tax-Free Fund |
Evergreen California Municipal Money Market Fund | Wells Fargo Advantage California Municipal Money Market Fund |
Evergreen Core Bond Fund Evergreen Short Intermediate Bond Fund Wells Fargo Advantage Diversified Bond Fund | Wells Fargo Advantage Total Return Bond Fund |
Evergreen Core Plus Bond Fund | Wells Fargo Advantage Income Plus Fund |
Evergreen Disciplined Value Fund Wells Fargo Advantage Equity Income Fund Wells Fargo Advantage U.S. Value Fund | Wells Fargo Advantage Disciplined Value Fund1 |
Evergreen Emerging Markets Growth Fund Wells Fargo Advantage Emerging Markets Equity Fund | Wells Fargo Advantage Emerging Markets Equity Fund1 |
Evergreen Equity Income Fund Wells Fargo Advantage Specialized Financial Services Fund | Wells Fargo Advantage Classic Value Fund1 |
Evergreen Equity Index Fund | Wells Fargo Advantage Index Fund |
Evergreen Fundamental Mid Cap Value Fund | Wells Fargo Advantage Mid Cap Disciplined Fund2 |
Evergreen Golden Large Cap Core Fund Wells Fargo Advantage Large Company Core Fund | Wells Fargo Advantage Large Cap Core Fund1 |
Evergreen High Income Municipal Bond Fund Evergreen Municipal Bond Fund | Wells Fargo Advantage Municipal Bond Fund |
Evergreen Institutional 100% Treasury Money Market Fund | Wells Fargo Advantage 100% Treasury Money Market Fund |
Evergreen Institutional Money Market Fund Evergreen Prime Cash Management Money Market Fund | Wells Fargo Advantage Heritage Money Market FundSM |
Evergreen Institutional Treasury Money Market Fund Evergreen Treasury Money Market Fund | Wells Fargo Advantage Treasury Plus Money Market Fund |
Evergreen Institutional U.S. Government Money Market Fund Evergreen U.S. Government Money Market Fund | Wells Fargo Advantage Government Money Market Fund |
Evergreen Intermediate Municipal Bond Fund | Wells Fargo Advantage Intermediate Tax/AMT-Free Fund |
Evergreen International Equity Fund | Wells Fargo Advantage International Core Fund3 |
Evergreen Large Company Growth Fund Wells Fargo Advantage Large Company Growth Fund | Wells Fargo Advantage Premier Large Company Growth Fund1 |
Evergreen Mid Cap Growth Fund | Wells Fargo Advantage Mid Cap Growth Fund |
Evergreen Money Market Fund Wells Fargo Advantage Overland Express Sweep Fund4 | Wells Fargo Advantage Money Market Fund |
Evergreen Municipal Money Market Fund | Wells Fargo Advantage Municipal Money Market Fund |
Evergreen Short-Intermediate Municipal Bond Fund | Wells Fargo Advantage Short-Term Municipal Bond Fund |
Evergreen Small Cap Value Fund Evergreen Special Values Fund | Wells Fargo Advantage Special Small Cap Value Fund1 |
Evergreen U.S. Government Fund | Wells Fargo Advantage Government Securities Fund |
Evergreen VA Core Bond Fund | Wells Fargo Advantage VT Total Return Bond Fund |
Evergreen VA Growth Fund | Wells Fargo Advantage VT Small Cap Growth Fund |
Evergreen VA Fundamental Large Cap Fund Wells Fargo Advantage VT Large Company Core Fund | Wells Fargo Advantage VT Core Equity Fund1 |
Evergreen VA International Equity Fund | Wells Fargo Advantage VT International Core Fund5 |
Evergreen VA Omega Fund Wells Fargo Advantage VT Large Company Growth Fund | Wells Fargo Advantage VT Omega Growth Fund1 |
Evergreen VA Special Values Fund | Wells Fargo Advantage VT Small/Mid Cap Value Fund6 |
Wells Fargo Advantage Aggressive Allocation Fund | Wells Fargo Advantage Growth Balanced Fund |
Wells Fargo Advantage Growth Equity Fund | Wells Fargo Advantage Diversified Equity Fund |
Wells Fargo Advantage Large Cap Appreciation Fund | Wells Fargo Advantage Capital Growth Fund |
Wells Fargo Advantage Stable Income Fund | Wells Fargo Advantage Ultra Short-Term Income Fund |
Wells Fargo Advantage Strategic Income Fund | Wells Fargo Advantage High Income Fund |
Wells Fargo Advantage VT C&B Large Cap Value Fund Wells Fargo Advantage VT Equity Income Fund | Wells Fargo Advantage VT Intrinsic Value Fund1 |
1. This fund will be newly created in order to receive the assets of the Target Fund upon completion of the merger.
2. The Wells Fargo Advantage Mid Cap Disciplined Fund will be renamed the Wells Fargo Advantage Special Mid Cap Value Fund following the merger and is expected to make certain changes to its principal investments at that time.
3. The Wells Fargo Advantage International Core Fund will be renamed the Wells Fargo Advantage International Equity Fund following the merger and is expected to make certain changes to its principal investments at that time.
4. For the planned merger of the Wells Fargo Advantage Overland Express Sweep FundSM, shareholder approval is not required and will not be sought.
5. The Wells Fargo Advantage VT International Core Fund will be renamed the Wells Fargo Advantage VT International Equity Fund following the merger and is expected to make certain changes to its principal investments at that time.
6. The Wells Fargo Advantage VT Small/Mid Cap Value Fund will be renamed the Wells Fargo Advantage VT Small Cap Value Fund on or about May 1, 2010 and is expected to make certain changes to its investment objective and strategies at that time.
Liquidations
The Boards of Trustees of the Wells Fargo Advantage Funds and the Evergreen Funds also approved the liquidation of their respective funds listed below:
Evergreen Golden Mid Cap Core Fund
Evergreen VA Diversified Capital Builder Fund
Evergreen VA Diversified Income Builder Fund
Evergreen VA High Income Fund
Wells Fargo Advantage VT Money Market Fund
These proposals were based on the consideration that the funds’ small sizes make it unlikely that a shareholder would benefit from the lower expense ratios that larger funds may experience.
The Wells Fargo Advantage VT Money Market Fund was closed to new insurance companies as of December 31, 2009. As of January 29, 2010, shares of all four Evergreen Funds will no longer be available for purchase by new shareholders. The Evergreen Golden Mid Cap Core Fund will be liquidated on March 26, 2010. The four other funds will be liquidated on April 30, 2010.
Subadvisor Change
The Wells Fargo Advantage Funds Board of Trustees has approved a proposal to replace Wells Capital Management with Metropolitan West Capital Management, LLC as the subadvisor to the Wells Fargo Advantage Small Cap Disciplined Fund. The Fund will be renamed the Wells Fargo Advantage Intrinsic Small Cap Value Fund.
About Wells Fargo Funds Management
Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company (NYSE:WFC), 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. The organization manages more than $179.1 billion in portfolio assets under management (as of December 31, 2009). The Wells Fargo Advantage Funds are a registered trademark of Wells Fargo Funds Management, LLC. For more information on Wells Fargo Advantage Funds, please visit http://www.wellsfargo.com/advantagefunds.
About Evergreen Investments
Evergreen Investments is one of the brand names under which Wells Fargo & Company conducts its investment management business. Evergreen Investments strives to meet client investment objectives through disciplined, team-based asset management and through a broad range of investment products. The organization manages more than $67.2 billion in portfolio assets under management (as of December 31, 2009). Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate of Wells Fargo & Company. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. For more information on Evergreen Investments, please visit www.evergreeninvestments.com.
# # #
Additional Information and Where to Find it
The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
In connection with the proposed shell reorganizations and mergers, the acquirer will file a prospectus/proxy statement with the Securities and Exchange Commission. All shareholders are advised to read the prospectus/proxy statement in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, fees, expenses, risk considerations, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the prospectus/proxy statement to its shareholders once it is declared effective by the Commission. Shareholders may obtain a free copy of the prospectus/proxy statement when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the prospectus/proxy statement, once available, may also be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, or at www.wellsfargo.com/advantagefunds or by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, or at www.evergreeninvestments.com. The target and the acquirer also file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in prospectus/proxy statement when it is filed with the Commission.
Stock fund values fluctuate in response to the activities of individual companies and general market and economic conditions. Bond fund 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 fund 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.
A portion of the municipal Funds’ 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. The U.S. government guarantee applies to certain underlying securities and not to shares of the Funds.
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 Fund seeks 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, visit www.evergreeninvestments.com for Evergreen Funds and www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds. Read the prospectus carefully before investing.
For the Variable Trust Funds, please refer to the prospectus provided by your participating insurance company for detailed information describing the separate accounts, including information regarding surrender charges, mortality and expense risk fees, and other charges that may be assessed by the participating insurance companies.
CoreBuilder Shares are a series of investment options within the separately managed accounts advised or subadvised by Wells Fargo Funds Management, LLC. The shares are fee-waived mutual funds that enable certain separately managed account investors to achieve greater diversification than smaller managed accounts might otherwise achieve.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC.
Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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 Managed Account Services and 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. 120039 01-10
Not FDIC Insured / May Lose Value / No Bank Guarantee
January 13, 2010
Proposed Integration of Evergreen Funds and Wells Fargo
Advantage Funds®: Questions and Answers
Following a careful review of the mutual fund lineups of the Evergreen Funds and Wells Fargo
Advantage Funds, Evergreen Investment Management Company, LLC (the investment advisor to the Evergreen Funds), and Wells Fargo Funds Management, LLC (the investment advisor to the Wells Fargo Advantage Funds), have proposed a series of changes with the goal of streamlining and strengthening product offerings. These proposals have been unanimously approved by the Boards of Trustees of the Evergreen Funds and Wells Fargo Advantage Funds. Several of these initiatives require shareholder approval, which is expected to be sought at special shareholder meetings in the second quarter of 2010. Our goal is to complete the initiatives and fully combine the fund families in July 2010. The following questions and answers provide additional details about these changes.
A. Introduction
What is the rationale of the proposals for integrating the Wells Fargo Advantage Funds and Evergreen Funds?
The proposals are intended to integrate the Wells Fargo Advantage Funds and the Evergreen Funds into a single mutual fund family (under the Wells Fargo Advantage Funds name) and were made with the following objectives in mind:
Streamline and strengthen product offerings.
Reduce overall fund expenses.
Eliminate overlapping products.
Leverage investment capabilities from both fund families.
What are the benefits of combining the mutual fund management businesses of Evergreen Investments and Wells Fargo Funds Management?
We believe that combining the two fund management businesses will provide investors with greater scale and resources than are available today. The combined fund family will offer a diverse product lineup that seeks to bring together the strengths of both the Wells Fargo Advantage Funds and the Evergreen Funds to meet the investment needs of the Funds’ investors.
What are the changes that will occur?
The initiatives, which are covered in more detail below, include:
Reorganizing 27 Evergreen Funds into newly created Wells Fargo Advantage Funds. This will have the effect of rebranding the Evergreen Funds as Wells Fargo Advantage Funds and adjusting, among other things, their fees, expenses, and investment strategies as necessary, to bring them more closely in line with the Wells Fargo Advantage Funds.
Merging 53 mutual funds from both fund families.
Liquidating four Evergreen Funds and one Wells Fargo Advantage Fund.
Adjusting portfolio management teams, investment objectives and strategies, and names for certain Funds.
Aligning features of the share classes offered by Evergreen Funds and Wells Fargo Advantage Funds.
Will these changes require shareholder approval?
The changes that will require shareholder approval, which will be sought in the second quarter of 2010, include:
The proposed mergers of the Evergreen Funds and the Wells Fargo Advantage Funds.
The reorganization of the Evergreen Funds as newly created Wells Fargo Advantage Funds.
The proposed liquidations, share class changes, and name changes for certain Funds do not require shareholder approval. In addition, the anticipated merger of the Wells Fargo Advantage Overland Express Sweep FundSM with the Wells Fargo Advantage Money Market Fund does not require shareholder approval.
B. Reorganizations and Mergers
Which Evergreen Funds will be reorganized as newly created Wells Fargo Advantage Funds?
The following Evergreen Funds will be reorganized as Wells Fargo Advantage Funds. Their principal investment processes will remain substantially the same. These reorganizations have been approved by both Boards and are subject to approval by the shareholders of the Evergreen Funds—which will be sought at meetings expected to be held in the second quarter of 2010—as well as the satisfaction of other closing conditions. (These reorganizations will be described in combined prospectus/proxy statements as “shell” reorganizations.)
Current Evergreen Fund | New Wells Fargo Advantage Fund Name | Portfolio Management Team |
Evergreen Adjustable Rate Fund | Wells Fargo Advantage Adjustable Rate Government Fund | Richard Applebach, Christopher Y. Kauffman, Wells Capital Management |
Evergreen Asset Allocation Fund | Wells Fargo Advantage Asset Allocation Fund | Ben Inker, GMO |
Evergreen Diversified Capital Builder Fund | Wells Fargo Advantage Diversified Capital Builder Fund | Margie Patel, Wells Capital Management |
Evergreen Diversified Income Builder Fund | Wells Fargo Advantage Diversified Income Builder Fund | Margie Patel, Wells Capital Management |
Evergreen Enhanced S&P 500 Fund | Wells Fargo Advantage Disciplined U.S. Core Fund | Bill Zieff, Wells Capital Management |
Evergreen Fundamental Large Cap Fund | Wells Fargo Advantage Core Equity Fund | Walter McCormick, Emory Sanders, Wells Capital Management |
Evergreen Global Large Cap Equity Fund | Wells Fargo Advantage Disciplined Global Equity Fund | Bill Zieff, Wells Capital Management |
Evergreen Global Opportunities Fund | Wells Fargo Advantage Global Opportunities Fund | Francis Claro, Jim Tringas, Wells Capital Management |
Evergreen Golden Core Opportunities Fund | Wells Fargo Advantage Small/Mid Cap Core Fund | John Campbell, Golden Capital Management |
Evergreen Growth Fund | Wells Fargo Advantage Traditional Small Cap Growth Fund | Jeff Drummond, Linda Freeman, Paul Carder, Jeffrey Harrison, Edward Rick, Wells Capital Management |
Evergreen Health Care Fund | Wells Fargo Advantage Health Care Fund | Robert Junkin, Wells Capital Management |
Evergreen High Income Fund | Wells Fargo Advantage High Yield Bond Fund | Niklas Nordenfelt, Philip Susser, Wells Capital Management |
Evergreen Institutional Municipal Money Market Fund | Wells Fargo Advantage Municipal Cash Management Money Market Fund | Mathew Kiselak, Wells Capital Management |
Evergreen International Bond Fund | Wells Fargo Advantage International Bond Fund | Anthony Norris, Peter Wilson, Michael Lee, Alex Perrin, First International Advisors |
Evergreen Intrinsic Value Fund | Wells Fargo Advantage Intrinsic Value Fund | Howard Gleicher, Gary Lisenbee, David Graham, Jeffrey Peck, Metropolitan West Capital Management |
Evergreen Intrinsic World Equity Fund | Wells Fargo Advantage Intrinsic World Equity Fund | Howard Gleicher, Gary Lisenbee, David Graham, Jeffrey Peck, Metropolitan West Capital Management |
Evergreen New Jersey Municipal Money Market Fund | Wells Fargo Advantage New Jersey Municipal Money Market Fund | Mathew Kiselak, Wells Capital Management |
Evergreen New York Municipal Money Market Fund | Wells Fargo Advantage New York Municipal Money Market Fund | Mathew Kiselak, Wells Capital Management |
Evergreen North Carolina Municipal Bond Fund | Wells Fargo Advantage North Carolina Tax-Free Fund | Mathew Kiselak, Robert Miller, Wells Capital Management |
Evergreen Omega Fund | Wells Fargo Advantage Omega Growth Fund | Aziz Hamzaogullari, Wells Capital Management |
Evergreen Pennsylvania Municipal Bond Fund | Wells Fargo Advantage Pennsylvania Tax-Free Fund | Mathew Kiselak, Robert Miller, Wells Capital Management |
Evergreen Pennsylvania Municipal Money Market Fund | Wells Fargo Advantage Pennsylvania Municipal Money Market Fund | Mathew Kiselak, Wells Capital Management |
Evergreen Precious Metals Fund | Wells Fargo Advantage Precious Metals Fund | Michael Bradshaw, Wells Capital Management |
Evergreen Small-Mid Growth Fund | Wells Fargo Advantage Growth Opportunities Fund | Cam Philpott, Stuart Roberts, Wells Capital Management |
Evergreen Strategic Growth Fund | Wells Fargo Advantage Strategic Large Cap Growth Fund | Shannon Reid, David Chow, Jay Zelko, Wells Capital Management |
Evergreen Strategic Municipal Bond Fund | Wells Fargo Advantage Strategic Municipal Bond Fund | Lyle Fitterer, Mathew Kiselak, Julio Bonilla, Wells Capital Management |
Evergreen Utility and Telecommunications Fund | Wells Fargo Advantage Utility and Telecommunications Fund | Tim O'Brien, Crow Point Partners |
What factors were considered when deciding which Funds would be reorganized as newly created Wells Fargo Advantage Funds?
We proposed that these Evergreen Funds be reorganized as Wells Fargo Advantage Funds after a thoughtful and thorough evaluation of each fund family and the investment landscape as a whole, including the following factors:
Asset size
Expenses
Manager tenure and experience
Performance track record
Differentiation of investment style
Addition of product offerings that didn’t exist before in the Wells Fargo Advantage Funds family
The investment process of the Evergreen Funds being reorganized will remain largely unchanged, and the Funds will retain their historical performance records, although fees, expenses, and share class features will be brought more closely in line with those of the Wells Fargo Advantage Funds. The addition of these Funds to the Wells Fargo Advantage Funds lineup broadens the overall product range and expands fund choices for investors.
Which current Evergreen Funds are expected to have new portfolio management teams following their reorganization as Wells Fargo Advantage Funds?
Current Evergreen Fund | New Wells Fargo Advantage Fund Name | Current Portfolio Management Team | Proposed New Portfolio Management Team |
Evergreen High Income Fund | Wells Fargo Advantage High Yield Bond Fund | Andrew Cestone, Tattersall Advisory Group, Inc. | Niklas Nordenfelt, Philip Susser, Wells Capital Management |
Evergreen Small-Mid Growth Fund | Wells Fargo Advantage Growth Opportunities Fund | Robert C. Junkin, Evergreen Investment Management Company, LLC | Cam Philpott, Stuart Roberts, Wells Capital Management |
Evergreen Strategic Municipal Bond Fund | Wells Fargo Advantage Strategic Municipal Bond Fund | B. Clark Stamper, Stamper Capital and Investments, Inc. | Lyle Fitterer, Mathew Kiselak, Julio Bonilla, Wells Capital Management |
Can you tell me more about the portfolio managers proposed to manage the Wells Fargo Advantage High Yield Bond Fund following the reorganization?
Niklas Nordenfelt and Philip Susser are portfolio managers for the Sutter High Yield Fixed Income team at Wells Capital Management. The team seeks to identify compelling
relative-value investment opportunities by using its knowledge of various industries to assess the risk/return trade-off among issuers within those industries by applying a bottom-up strategy.
Niklas Nordenfelt joined the Sutter High Yield Fixed Income team of Wells Capital Management in February 2003 as an investment strategist. He began his investment career in 1991 and has managed portfolios ranging from quantitative-based and tactical asset allocation strategies to credit driven portfolios. Prior to joining the Sutter team, Mr. Nordenfelt was at Barclays Global Investors (BGI) from 1996 to 2002, where he was a principal. He earned a bachelor’s degree in economics from the University of California, Berkeley, and has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Philip Susser joined the Sutter High Yield Fixed Income team as a senior research analyst in 2001. He has extensive research experience in the cable/satellite, gaming, hotels, restaurants, printing/publishing, telecommunications, real estate investment trusts, lodging and distressed sectors. Mr. Susser’s investment experience began in 1995 when he spent three years as a securities lawyer at Cahill Gordon and Shearman & Sterling representing underwriters and issuers of high-yield debt. He received his bachelor’s degree in economics from the University of Pennsylvania and his law degree from the University of Michigan Law School.
Can you tell me more about the portfolio managers proposed to manage the Wells Fargo Advantage Growth Opportunities Fund following the reorganization?
Cam Philpott and Stuart Roberts are portfolio managers for the Montgomery Small/Mid-Cap Growth team at Wells Capital Management. The team conducts rigorous fundamental research on small to mid capitalization companies at an early or transitional stage of development before the market discovers their potential. It focuses on companies that have sustainable earnings growth, strong balance sheets, effective management teams, and competitive market positions. It maintains a strong awareness of company valuation in seeking to buy stocks trading at a discount to their growth rates.
Cam Philpott joined Wells Capital Management in 2003 as a portfolio manager. Prior to joining Wells Capital Management, Mr. Philpott was a portfolio manager with Montgomery Asset Management, which he joined in 1991 as an analyst for the Small Cap Equity team. Prior to joining Montgomery, Mr. Philpott served as a securities analyst with Boettcher & Company and a general securities analyst at Berger Associates, Inc., an investment management firm. Mr. Philpott earned his B.A. degree in economics from Washington and Lee University and his M.B.A. degree from the Darden School at the University of Virginia.
Stuart Roberts joined Wells Capital Management in 2003 as a portfolio manager. Prior to joining Wells Capital Management, Mr. Roberts was a senior portfolio manager with Montgomery Asset Management, where he managed the Small Cap Growth Fund since its inception in 1990. He has specialized in small-cap growth investments since 1983. Prior to joining Montgomery, Mr. Roberts was vice president and portfolio manager at Founders Asset Management, where he was responsible for three separate growth-oriented small-cap mutual funds. He earned his M.B.A. degree from the University of Colorado and his B.A. degree in economics from Bowdoin College.
Can you tell me more about the new portfolio managers proposed to manage the Wells Fargo Advantage Strategic Municipal Bond Fund following the reorganization?
Lyle Fitterer, Mathew Kiselak, and Julio Bonilla are part of the Municipal Fixed Income team at Wells Capital Management. The team uses both bottom-up credit research and top-down macroeconomic analysis. It seeks to generate excess performance by actively managing the four key elements of total return: security selection, sector rotation, duration management, and yield-curve positioning. It uses a relative-value approach based on extensive credit analysis that seeks opportunities from changing market trends and pricing inefficiencies to generate excess returns.
Lyle Fitterer joined Wells Capital Management as a portfolio manager in 2005, having served with Strong Capital Management since 1989. He has served as director of Fixed Income for Wells Capital Management and predecessor Strong Capital Management since 2004. He served first as a mutual fund accountant and later as an analyst and trader in the Fixed Income department, specializing in mortgage- and asset-backed securities. He has also traded equity and derivative securities for hedge funds and equity mutual funds. Mr. Fitterer joined Strong Institutional Client Services as managing director in November 1998, where he was responsible for overseeing the institutional and intermediary sales organization. He received a bachelor’s degree in accounting from the University of North Dakota.
Mathew M. Kiselak joined Wells Capital Management in 2009 while continuing to serve in his current capacity as a portfolio manager for Evergreen Investments. Mr. Kiselak joined Evergreen in 2000 and currently serves as director and senior portfolio manager of three national tax-exempt municipal bond funds and seven tax-exempt money market funds. Previously, he was a senior portfolio manager at NationsFunds. Mr. Kiselak has been in the investment management field since 1987. He earned a bachelor’s degree in economics from Pace University.
Julio Bonilla joined the Wells Capital Management Municipal Fixed Income team in 2005. He specializes in national tax-exempt fixed-income securities. Previously, he served on the firm’s money market management team and became a portfolio manager in 2002. Mr. Bonilla began his career with Wells Fargo in 1997 as a brokerage sales assistant. He holds a bachelor’s degree in political science from the University of San Diego. He earned his master’s degree in business administration–finance from Pepperdine University in 1997. Mr. Bonilla has earned the right to use the CFA designation and is a member of the CFA Institute and the CFA Society of San Francisco.
Which Wells Fargo Advantage Funds and Evergreen Funds will merge?
The Funds identified below in the “Merging (or Target) Funds” column will be merged into the corresponding Wells Fargo Advantage Fund in the “Acquiring Wells Fargo Advantage Fund (Surviving Fund)” column. These mergers have been approved by both Boards and are subject to approval by the shareholders of the affected Evergreen Funds and Wells Fargo Advantage Funds identified in the left column, which will be sought at meetings expected to be held in the second quarter of 2010. If approved, the mergers are expected to occur in July 2010.
Merging (or Target) Funds | Acquiring Wells Fargo Advantage Fund | Portfolio Management Team of Surviving Fund |
Evergreen California Municipal Bond Fund | Wells Fargo Advantage California Tax-Free Fund | Stephen Galiani, Adrian Van Poppel, Wells Capital Management |
Evergreen California Municipal Money Market Fund | Wells Fargo Advantage California Municipal Money Market Fund | Mathew Kiselak, Wells Capital Management |
Evergreen Core Bond Fund Evergreen Short Intermediate Bond Fund Wells Fargo Advantage Diversified Bond Fund | Wells Fargo Advantage Total Return Bond Fund | Troy Ludgood, Thomas O'Connor, Wells Capital Management |
Evergreen Core Plus Bond Fund* | Wells Fargo Advantage Income Plus Fund | Tom Price, Michael Bray, Janet Rilling, D. James Newton II, Wells Capital Management |
Evergreen Disciplined Value Fund Wells Fargo Advantage Equity Income Fund Wells Fargo Advantage U.S. Value Fund | Wells Fargo Advantage Disciplined Value Fund1 | Bill Zieff, Wells Capital Management |
Evergreen Emerging Markets Growth Fund Wells Fargo Advantage Emerging Markets Equity Fund | Wells Fargo Advantage Emerging Markets Equity Fund1 | Jerry Zhang, Wells Capital Management |
Evergreen Equity Income Fund Wells Fargo Advantage Specialized Financial Services Fund | Wells Fargo Advantage Classic Value Fund1 | Walter McCormick, Gary Mishuris, Wells Capital Management |
Evergreen Equity Index Fund | Wells Fargo Advantage Index Fund | Bill Zieff, Wells Capital Management |
Evergreen Fundamental Mid Cap Value Fund | Wells Fargo Advantage Mid Cap Disciplined Fund2 | Jim Tringas, Bryant VanCronkhite, Wells Capital Management |
Evergreen Golden Large Cap Core Fund Wells Fargo Advantage Large Company Core Fund | Wells Fargo Advantage Large Cap Core Fund1 | Jeff Moser, Golden Capital Management |
Evergreen High Income Municipal Bond Fund Evergreen Municipal Bond Fund | Wells Fargo Advantage Municipal Bond Fund | Lyle Fitterer, Robert Miller, Mathew Kiselak, Wells Capital Management |
Evergreen Institutional 100% Treasury Money Market Fund | Wells Fargo Advantage 100% Treasury Money Market Fund | David Sylvester, Wells Capital Management |
Evergreen Institutional Money Market Fund Evergreen Prime Cash Management Money Market Fund | Wells Fargo Advantage Heritage Money Market FundSM | David Sylvester, Wells Capital Management |
Evergreen Institutional Treasury Money Market Fund Evergreen Treasury Money Market Fund | Wells Fargo Advantage Treasury Plus Money Market Fund | David Sylvester, Wells Capital Management |
Evergreen Institutional U.S. Government Money Market Fund Evergreen U.S. Government Money Market Fund | Wells Fargo Advantage Government Money Market Fund | David Sylvester, Wells Capital Management |
Evergreen Intermediate Municipal Bond Fund | Wells Fargo Advantage Intermediate Tax/AMT-Free Fund | Lyle Fitterer, Robert Miller, Mathew Kiselak, Wells Capital Management |
Evergreen International Equity Fund | Wells Fargo Advantage International Core Fund3 | Francis Claro, Wells Capital Management |
Evergreen Large Company Growth Fund Wells Fargo Advantage Large Company Growth Fund | Wells Fargo Advantage Premier Large Company Growth Fund1 | Aziz Hamzaogullari, Wells Capital Management |
Evergreen Mid Cap Growth Fund | Wells Fargo Advantage Mid Cap Growth Fund | Cam Philpott, Stuart Roberts, Wells Capital Management |
Evergreen Money Market Fund Wells Fargo Advantage Overland Express Sweep Fund4 | Wells Fargo Advantage Money Market Fund | David Sylvester, Wells Capital Management |
Evergreen Municipal Money Market Fund | Wells Fargo Advantage Municipal Money Market Fund | Mathew Kiselak, Wells Capital Management |
Evergreen Short-Intermediate Municipal Bond Fund | Wells Fargo Advantage Short-Term Municipal Bond Fund | Lyle Fitterer, Wendy Casetta, Wells Capital Management |
Evergreen Small Cap Value Fund Evergreen Special Values Fund | Wells Fargo Advantage Special Small Cap Value Fund1 | Jim Tringas, Wells Capital Management |
Evergreen U.S. Government Fund | Wells Fargo Advantage Government Securities Fund | Michael Bray, Jay Mueller, Wells Capital Management |
Evergreen VA Core Bond Fund | Wells Fargo Advantage VT Total Return Bond Fund | Troy Ludgood, Thomas O'Connor, Wells Capital Management |
Evergreen VA Growth Fund | Wells Fargo Advantage VT Small Cap Growth Fund | Cam Philpott, Stuart Roberts, Wells Capital Management |
Evergreen VA Fundamental Large Cap Fund Wells Fargo Advantage VT Large Company Core Fund | Wells Fargo Advantage VT Core Equity Fund1 | Walter McCormick, Emory Sanders, Wells Capital Management |
Evergreen VA International Equity Fund | Wells Fargo Advantage VT International Core Fund5
| Francis Claro, Wells Capital Management |
Evergreen VA Omega Fund Wells Fargo Advantage VT Large Company Growth Fund | Wells Fargo Advantage VT Omega Growth Fund1 | Aziz Hamzaogullari. Wells Capital Management |
Evergreen VA Special Values Fund | Wells Fargo Advantage VT Small/Mid Cap Value Fund6 | I. Charles Rinaldi, Wells Capital Management |
Wells Fargo Advantage Aggressive Allocation Fund | Wells Fargo Advantage Growth Balanced Fund | Multiple subadvisors |
Wells Fargo Advantage Growth Equity Fund | Wells Fargo Advantage Diversified Equity Fund | Multiple subadvisors |
Wells Fargo Advantage Large Cap Appreciation Fund | Wells Fargo Advantage Capital Growth Fund | Tom Pence, Michael Harris, Wells Capital Management |
Wells Fargo Advantage Stable Income Fund | Wells Fargo Advantage Ultra Short-Term Income Fund | Jay Mueller, D. James Newton II, Tom Price, Wells Capital Management |
Wells Fargo Advantage Strategic Income Fund | Wells Fargo Advantage High Income Fund | Tom Price, Kevin Maas, Michael Schueller, Wells Capital Management |
Wells Fargo Advantage VT C&B Large Cap Value Fund Wells Fargo Advantage VT Equity Income Fund | Wells Fargo Advantage VT Intrinsic Value Fund1 | Howard Gleicher, Gary Lisenbee, David Graham, Jeffrey Peck, Metropolitan West Capital Management |
1. This Fund will be newly created in order to receive the assets of the target fund(s) upon completion of the merger.
2. The Wells Fargo Advantage Mid Cap Disciplined Fund will be renamed the Wells Fargo Advantage Special Mid Cap Value Fund following the merger and is expected to make certain changes to its principal investments at that time.
3. The Wells Fargo Advantage International Core Fund will be renamed the Wells Fargo Advantage International Equity Fund following the merger and is expected to make certain changes to its principal investments at that time.
4. For the planned merger of the Wells Fargo Advantage Overland Express Sweep Fund, shareholder approval is not required and will not be sought.
5. The Wells Fargo Advantage VT International Core Fund will be renamed the Wells Fargo Advantage VT International Equity Fund following the merger and is expected to make certain changes to its principal investments at that time.
6. The Wells Fargo Advantage VT Small/Mid Cap Value Fund will be renamed the Wells Fargo Advantage VT Small Cap Value Fund on or about May 1, 2010, and is expected to make certain changes to its investment objective and strategies at that time.
What factors were considered in deciding which Funds would merge?
We proposed the mergers of these Funds after a thoughtful and thorough evaluation of each fund family and the investment landscape as a whole. The merger of these Funds would eliminate product overlap while preserving what we believe to be the strengths of the combined Evergreen Investments and Wells Fargo asset management capabilities. Among the factors we considered were the following:
Streamlined product offerings
Performance track record
Asset size
Expenses
Manager tenure and experience
How will shareholders be notified of these changes? Will they need to take any action?
The current shareholders of the Evergreen Funds and the Wells Fargo Advantage Funds that are proposed to be acquired will be sent a prospectus supplement in January 2010 that will inform them of the Boards’ approvals of these shell reorganizations and mergers. These shareholders (with the exception of shareholders of the Wells Fargo Advantage Overland Express Sweep Fund) are expected to receive combined prospectus/proxy statements inviting them to vote on these proposals at meetings expected to be held in the second quarter of 2010. Once the combined prospectus/proxy statements are available, they will be posted on our Web sites. Except as noted above, each merger and reorganization requires shareholder approval and satisfaction of other closing conditions.
How will financial advisors and institutional partner firms be notified of these changes?
In January 2010, we will mail letters or send e-mail messages, if feasible, to home offices and financial advisors. In addition, we are creating an electronic brochure, Introducing Our Proposed Family of Funds, which we will distribute to financial advisors. We will update our Web sites with detailed information about these events.
Institutional partners will receive materials, as needed, from their relationship managers.
Will there be any changes to the fee structures of the merging Funds?
Yes. In general, through the reorganizations and mergers, the fee structures of the Evergreen Funds will become aligned with the fee structures of the Wells Fargo Advantage Funds. We believe that the resulting fees and expenses will be highly competitive across the combined fund family.
What is the timeline for the mergers and reorganizations?
The mergers and shell reorganizations are tentatively set to occur in July 2010 but are subject to shareholder approval at special shareholder meetings—expected to be held in the second quarter of 2010—and other closing conditions. We will provide further details about the mergers and reorganizations in a separate Product Alert after the combined prospectus/proxy statements are filed.
Will the mergers and reorganizations be taxable events for shareholders?
No. The mergers and reorganizations are expected to be tax-free transactions for U.S. federal income tax purposes.
Can investors still purchase, redeem, and exchange these Funds prior to the mergers and reorganizations?
Yes. Shareholders will be able to continue to invest in all of the Evergreen Funds and Wells Fargo Advantage Funds prior to any merger or reorganization with the exception of the Wells Fargo Advantage Specialized Financial Services Fund (see question 33) and certain Funds that will be liquidated (see the following section).
C. Liquidations
Which Funds will be liquidated?
Evergreen Golden Mid Cap Core Fund
Evergreen VA Diversified Capital Builder Fund
Evergreen VA Diversified Income Builder Fund
Evergreen VA High Income Fund
Wells Fargo Advantage VT Money Market Fund
Why did we propose liquidating these Funds?
After a careful analysis of the prospects for long-term viability of these Funds and given their current and projected asset sizes, we believe that liquidations are the most appropriate action. We considered merging these Funds with other Wells Fargo Advantage Funds but were not able to determine that doing so was in the best interests of the Funds’ shareholders.
When will the liquidations occur?
Evergreen Golden Mid Cap Core Fund
On or about April 30, 2010
Evergreen VA Diversified Capital Builder Fund
Evergreen VA Diversified Income Builder Fund
Evergreen VA High Income Fund
Wells Fargo Advantage VT Money Market Fund
No shareholder action is necessary at this time. We began to mail letters to affected shareholders in January 2010 that describe the details of the liquidations. Also, prospectuses have been supplemented for prospective shareholders.
When will the Funds identified for liquidation close?
December 31, 2009
Wells Fargo Advantage VT Money Market Fund closed to new insurance companies.
January 29, 2010
Evergreen Golden Mid Cap Core Fund will close to new investors.
Evergreen VA Diversified Capital Builder Fund will close to new investments from insurance companies.
Evergreen VA Diversified Income Builder Fund will close to new investments from insurance companies.
Evergreen VA High Income Fund will close to new investments from insurance companies.
How will shareholders be notified of the liquidations?
Shareholders will be notified by letter at least 60 days in advance of the liquidation.
Will the liquidations be a taxable event for shareholders?
Yes, in some cases. Since every tax situation is unique, it is important that investors consult a tax specialist for advice to understand the impact of the liquidation. The liquidation of the variable trust funds is unlikely to result in tax consequences for investors.
D. New Share Classes
Which share classes will be added to the Wells Fargo Advantage Funds that are not available today?
Following the Fund mergers, certain Wells Fargo Advantage Funds will offer new share classes to expand choices for certain investors, including Class R and Sweep Class. The Sweep share class will be primarily available to certain brokerage firms and/or Wells Fargo banking customers as money market sweep vehicles. Class R shares will only be available to participating retirement plans through financial intermediaries who contract with Wells Fargo Funds Distributor, LLC, to offer this share class.
For detailed information about the share class mapping, please refer to the Wells Fargo Advantage Funds and Evergreen Investments Merger Conversion Tool on our Web sites. (See question 34.)
See the following table for further details.
Wells Fargo Advantage Fund | Share Classes Currently Offered | New Share Classes to Be Offered3 |
California Municipal Money Market Fund | A, Service, Institutional | Sweep |
Government Money Market Fund | A, Service, Administrator, Institutional | Sweep |
Heritage Money Market Fund | Administrator, Institutional, Select | Service |
International Core Fund | A, B1, C, Administrator | R, Institutional |
Minnesota Money Market Fund | A | Sweep |
Money Market Fund | Investor, A, B2 | C, Service |
Municipal Money Market Fund | Investor, Institutional | Sweep, A, Service |
National Tax-Free Money Market Fund | A, Service, Administrator, Institutional | Sweep |
100% Treasury Money Market Fund | A, Service | Sweep, Administrator |
Treasury Plus Money Market Fund | A, Service, Administrator, Institutional | Sweep |
Total Return Bond Fund | Investor, A, B1, C, Administrator, Institutional | R |
1. Class B shares of the Wells Fargo Advantage International Core Fund and the Wells Fargo Advantage Total Return Bond Fund are closed to new investments.
2. Class B shares of the Wells Fargo Advantage Money Market Fund are available only for investment in connection with non-commission purchases or exchanges.
3. Additional new share classes approved by the Wells Fargo Advantage Funds Board of Trustees and anticipated to be available for purchase in July 2010.
Following the mergers and reorganizations, what share classes will be offered for the Wells Fargo Advantage Funds variable trust funds?
Wells Fargo Advantage Fund | Share Class(es) |
Wells Fargo Advantage VT Asset Allocation Fund | Class 2 |
Wells Fargo Advantage VT Core Equity Fund1 | Class 1, Class 2 |
Wells Fargo Advantage VT Discovery FundSM | Class 2 |
Wells Fargo Advantage VT Intrinsic Value Fund1 | Class 2 |
Wells Fargo Advantage VT International Core Fund | Class 1, Class 22 |
Wells Fargo Advantage VT Omega Growth Fund1 | Class 1, Class 2 |
Wells Fargo Advantage VT Opportunity FundSM | Class 2 |
Wells Fargo Advantage VT Small Cap Growth Fund | Class 1, Class 22 |
Wells Fargo Advantage VT Small/Mid Cap Value Fund | Class 1, Class 22 |
Wells Fargo Advantage VT Total Return Bond Fund | Class 2 |
1. This Fund will be newly created in order to receive the assets of the target funds upon completion of the merger or reorganization
2. This Fund’s existing share class will be renamed Class 2 and will add an additional share class to be available in connection with the merger.
Class 1 shares of the Wells Fargo Advantage Funds variable trust funds will not pay a 12b-1 fee. With respect to Class 2 shares, the Wells Fargo Advantage Funds have adopted a distribution pursuant to Rule 12b-1 under the 1940 Act for each Fund. This plan authorizes the payment of all or part of the cost of preparing and distributing prospectuses, annual and semi-annual reports, and other materials to prospective beneficial owners of each Fund’s shares, and the payment of compensation to participating insurance companies. For these services, each Fund pays an annual fee of 0.25% of its average daily net assets. These fees are paid out of each Fund’s assets on an ongoing basis. Over time, these fees can increase the cost of an investment and may cost more than paying other types of sales charges.
E. Subadvisor Change for the Wells Fargo Advantage Small Cap Disciplined Fund
What changes are planned for the Wells Fargo Small Cap Disciplined Fund?
Subject to shareholder approval, Metropolitan West Capital Management, LLC (MWCM) will assume portfolio management responsibility as subadvisor for the Wells Fargo Advantage Small Cap Disciplined Fund. MWCM became an affiliate of Wells Capital Management at the end of 2008. MWCM focuses on intrinsic value investing—seeking to discover and capture unrecognized value to drive performance. The strategy employs rigorous research and an objective sell discipline to construct and actively monitor a diversified portfolio of high-quality companies that MWCM believes are trading at a discount to full value and possess catalysts that may unlock that value within two to four years.
Why is the Fund’s subadvisor being changed?
The portfolio management change will seek to leverage in a mutual fund format the success of an institutional separately managed account strategy that MWCM has managed since 2003.
What is the timeline for the proposed changes to the Wells Fargo Advantage Small Cap Disciplined Fund?
We anticipate filing a proxy statement in the first quarter of 2010 and anticipate that the effective date of the changes (with shareholder approval) will occur by the end of the second quarter of 2010.
How will shareholders be notified? Will shareholders need to take any action?
By the second quarter of 2010, shareholders of the Wells Fargo Advantage Small Cap Disciplined Fund will receive proxy materials requesting their votes on this proposal. All shareholders will be encouraged to vote their shares regardless of how many shares they own.
What is Metropolitan West Capital Management?
Metropolitan West Capital Management, LLC, based in Newport Beach, California, manages approximately $11.1 billion in assets (as of September 30, 2009). MWCM focuses on intrinsic value investing, employing rigorous fundamental research and an objective sell discipline to construct and actively monitor portfolios of high-quality companies. MWCM is the current subadvisor for the Evergreen Intrinsic Value Fund and the Evergreen World Equity Fund.
F. New Fund Names
Which Wells Fargo Advantage Funds will be renamed?
Following the integration of the Fund families, certain Wells Fargo Advantage Funds will change their names to provide clarity and consistency in our naming conventions, or to avoid confusion with other product offerings.
Current Fund Name | New Fund Name |
Wells Fargo Advantage Asset Allocation Fund | Wells Fargo Advantage Index Asset Allocation Fund |
Wells Fargo Advantage International Core Fund | Wells Fargo Advantage International Equity Fund |
Wells Fargo Advantage International Equity Fund | Wells Fargo Advantage Diversified International Fund |
Wells Fargo Advantage Mid Cap Disciplined Fund | Wells Fargo Advantage Special Mid Cap Value Fund |
Wells Fargo Advantage Small Cap Disciplined Fund | Wells Fargo Advantage Intrinsic Small Cap Value Fund |
Wells Fargo Advantage VT Asset Allocation Fund | Wells Fargo Advantage VT Index Asset Allocation Fund |
Wells Fargo Advantage VT International Core Fund | Wells Fargo Advantage VT International Equity Fund |
Wells Fargo Advantage VT Small/Mid Cap Value Fund | Wells Fargo Advantage VT Small Cap Value Fund |
G. Fund Closures
Which Fund is closing to new investors?
The Wells Fargo Advantage Specialized Financial Services Fund will close to new investors as of January 29, 2010, because it is slated to merge into a Fund with a substantially different investment strategy. Existing shareholders can continue to add to existing accounts. In addition, certain Funds that are planned for liquidation will also close to new investors (see question 22).
H. General Information
Where can I find detailed information about the mapping of share classes in the proposed fund lineup?
A Wells Fargo Advantage Funds and Evergreen Investments Merger Conversion Tool will be available on our Web sites on January 13, 2010. Please visit the following links:
Wells Fargo Advantage Funds Web site: http://www.wellsfargoadvantagefunds.com/wfweb/wf/home/integration_tool/wfaf.jsp
Wells Fargo Advantage Funds Institutional Cash Management Web site:
http://www.wellsfargoadvantagefunds.com/wfweb/wf/home/integration_tool/wfaf_icm.jsp
Evergreen Investments Web site:
http://www.evergreeninvestments.com
Will shareholders of an acquiring Wells Fargo Advantage Fund receive a combined prospectus/proxy statement?
No. In cases where one or more Evergreen Fund and/or Wells Fargo Advantage Fund is merging or reorganizing into an existing Wells Fargo Advantage Fund, only the Evergreen Funds shareholders or target Wells Fargo Advantage Funds shareholders will receive a combined prospectus/proxy statement.
Who is the distributor of Evergreen Funds?
Effective January 4, 2010, Wells Fargo Funds Distributor, LLC, the distributor of Wells Fargo Advantage Funds, also became the distributor of the Evergreen Funds.
Will there be any changes to the Wells Fargo Advantage Funds Board of Trustees following the fund mergers and reorganizations?
The Boards of Trustees of the Evergreen Funds and the Wells Fargo Advantage Funds remain unchanged for both Fund families at this time and will continue to oversee their Funds and the integration process until the closure of the fund reorganizations and mergers.
Upon completion of the proposed Fund reorganizations and mergers in July, the current trustees of the Wells Fargo Advantage Funds will remain in place and will be joined by two members of the current Board of Trustees of the Evergreen Funds. The two individuals who will be joining the Wells Fargo Advantage Funds Board of Trustees are Mr. Michael Scofield and Mr. Dun Gifford, each of whom is a current member of both the Evergreen Funds Board of Trustees and the Executive Committee of that Board.
After the Fund reorganizations and mergers, the remaining former members of the Evergreen Funds Board will act in an advisory capacity and may from time to time provide advice to the trustees of the Wells Fargo Advantage Funds for the following two years.
Following the reorganizations, mergers, and liquidations, how many Wells Fargo Advantage Funds will be offered?
If all of the proposed changes become effective, Wells Fargo Advantage Funds will have a combined total of 128 mutual funds, variable trust funds, and Wells Fargo Managed Account CoreBuilder® Shares.
Following the Fund mergers, what will be the Funds’ Web site address?
After the mergers and reorganizations are complete, all investors will use www.wellsfargo.com/advantagefunds as the primary Web site address. Until that time, Evergreen Funds investors may continue to visit www.evergreeninvestments.com. After the mergers and reorganizations, the Evergreen Investments site will re-direct to www.wellsfargo.com/advantagefunds.
What about changes to mailing addresses and telephone numbers?
For now, it’s business as usual for shareholders. Investors will receive the same high level of service that they have always received. We will communicate, well in advance, any changes to our contact information.
Which shareholders will receive prospectus supplements, and which will receive combined prospectus/proxy statements?
All Evergreen Funds shareholders in the reorganizing or merging Funds will receive one or more combined prospectus/proxy statements. Wells Fargo Advantage Funds shareholders who are invested in a merging or target Wells Fargo Advantage Fund will receive a combined prospectus/proxy statement with the exception of shareholders of the Wells Fargo Advantage Overland Express Sweep Fund, the merger of which does not require shareholder approval. In addition, prospectus supplements will be sent to all Evergreen Fund shareholders and to certain Wells Fargo Advantage Funds shareholders whose Fund is a target Fund or will undergo a name change or liquidation. Also, prospectuses will be supplemented for prospective shareholders.
Additional Information and Where to Find It
The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
In connection with the proposed shell reorganizations and mergers, the acquirer will file a prospectus/proxy statement with the Securities and Exchange Commission. All shareholders are advised to read the prospectus/proxy statement in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, fees, expenses, risk considerations, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the prospectus/proxy statement to its shareholders once it is declared effective by the Commission. Shareholders may obtain a free copy of the prospectus/proxy statement when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the prospectus/proxy statement, once available, may also be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, or at www.wellsfargo.com/advantagefunds or by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, or at www.evergreeninvestments.com. The target and the acquirer also file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in prospectus/proxy statement when it is filed with the Commission.
Stock fund values fluctuate in response to the activities of individual companies and general market and economic conditions. Bond fund 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 fund 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.
A portion of the municipal Funds’ 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. The U.S. government guarantee applies to certain underlying securities and not to shares of the Funds.
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 Fund seeks 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, visit www.evergreeninvestments.com for Evergreen Funds and www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds. Read the prospectus carefully before investing.
For the Variable Trust Funds, please refer to the prospectus provided by your participating insurance company for detailed information describing the separate accounts, including information regarding surrender charges, mortality and expense risk fees, and other charges that may be assessed by the participating insurance companies.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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 Managed Account Services and 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. 119972 01-10
January 13, 2010
Proposed Integration of Evergreen Funds and Wells Fargo
Advantage Funds®: Questions and Answers Regarding Money Market Funds
Following a careful review of the mutual fund lineups of the Evergreen Funds and Wells Fargo
Advantage Funds, Evergreen Investment Management Company, LLC (the investment advisor to the Evergreen Funds), and Wells Fargo Funds Management, LLC (the investment advisor to the Wells Fargo Advantage Funds), have proposed a series of changes with the goal of streamlining and strengthening product offerings. These proposals have been unanimously approved by the Boards of Trustees of the Evergreen Funds and Wells Fargo Advantage Funds. Several of these initiatives require shareholder approval, which is expected to be sought at special shareholder meetings in the second quarter of 2010. Our goal is to complete the initiatives and fully combine the fund families in July 2010. The following questions and answers provide additional details about these changes.
Key Points About the Integration of Money Market Funds
All Evergreen Money Market Fund clients will receive a proxy statement in April 2010 requesting them to vote on these proposals. Once available, the proxy materials will be posted on our Web sites.
None of the changes to Wells Fargo Advantage Money Market Funds require shareholder approval, and therefore no clients will be sent combined prospectus/proxy statements.
At the time of the merger, there is no action required by clients of the affected money market funds; the merger transactions will be implemented systematically.
There are no tax impactions to the clients of affected money market funds.
A. Introduction
1.
What is the rationale of the proposals for integrating the Wells Fargo Advantage Funds and Evergreen Funds?
The proposals are intended to integrate the Wells Fargo Advantage Funds and the Evergreen Funds into a single mutual fund family (under the Wells Fargo Advantage Funds name) and were made with the following objectives in mind:
§ Streamline and strengthen product offerings.
§ Reduce overall fund expenses.
§ Eliminate overlapping products.
§ Leverage investment capabilities from both fund families.
2.
What are the benefits of combining the mutual fund management businesses of Evergreen Investments and Wells Fargo Funds Management?
We believe that combining the two fund management businesses will provide investors with greater scale and resources than are available today. The combined fund family will offer a diverse product lineup that seeks to bring together the strengths of both the Wells Fargo Advantage Funds and the Evergreen Funds to meet the investment needs of the Funds’ investors.
3.
Will these changes require shareholder approval?
The changes that will require shareholder approval, which will be sought in the second quarter of 2010, include:
§ The proposed mergers of the Evergreen Funds and the Wells Fargo Advantage Funds.
§ The reorganization of the Evergreen Funds as newly created Wells Fargo Advantage Funds.
The proposed liquidations, share class changes, and name changes for certain Funds do not require shareholder approval. In addition, the anticipated merger of the Wells Fargo Advantage Overland Express Sweep FundSM with the Wells Fargo Advantage Money Market Fund does not require shareholder approval.
B. Reorganizations and Mergers
4.
Which Evergreen Funds Money Market Funds will be reorganized as newly created Wells Fargo Advantage Funds?
The following Evergreen Money Market Funds will be reorganized as Wells Fargo Advantage Funds. Their principal investment processes will remain substantially the same. These reorganizations have been approved by both Boards and are subject to approval by the shareholders of the Evergreen Money Market Funds—which will be sought at meetings expected to be held in the second quarter of 2010—as well as the satisfaction of other closing conditions. (These reorganizations will be described in combined prospectus/proxy statements as “shell” reorganizations.)
Current Evergreen Money Market Fund | New Wells Fargo Advantage Fund Name | Portfolio Management Team |
Evergreen Institutional Municipal Money Market Fund | Wells Fargo Advantage Municipal Cash Management Money Market Fund | Mathew Kiselak, Wells Capital Management |
Evergreen New Jersey Municipal Money Market Fund | Wells Fargo Advantage New Jersey Municipal Money Market Fund | Mathew Kiselak, Wells Capital Management |
Evergreen New York Municipal Money Market Fund | Wells Fargo Advantage New York Municipal Money Market Fund | Mathew Kiselak, Wells Capital Management |
Evergreen Pennsylvania Municipal Money Market Fund | Wells Fargo Advantage Pennsylvania Municipal Money Market Fund | Mathew Kiselak, Wells Capital Management |
5.
What factors were considered when deciding which Funds would be reorganized as newly created Wells Fargo Advantage Funds?
We proposed that these Evergreen Funds be reorganized as Wells Fargo Advantage Funds after a thoughtful and thorough evaluation of each fund family and the investment landscape as a whole, including the following factors:
§ Asset size
§ Expenses
§ Manager tenure and experience
§ Performance track record
§ Differentiation of investment style
§ Addition of product offerings that didn’t exist before in the Wells Fargo Advantage Funds family
The investment process of the Evergreen Funds being reorganized will remain largely unchanged, and the Funds will retain their historical performance records, although fees, expenses, and share class features will be brought more closely in line with those of the Wells Fargo Advantage Funds. The addition of these Funds to the Wells Fargo Advantage Funds lineup broadens the overall product range and expands fund choices for investors.
6.
Which Wells Fargo Advantage Money Market Funds and Evergreen Money Market Funds will merge?
The Funds identified below in the “Merging (or Target) Funds” column will be merged into the corresponding Wells Fargo Advantage Fund in the “Acquiring Wells Fargo Advantage Fund (Surviving Fund)” column. These mergers have been approved by both Boards and are subject to approval by the shareholders of the affected Evergreen Funds and Wells Fargo Advantage Funds identified in the left column, which will be sought at meetings expected to be held in the second quarter of 2010. If approved, the mergers are expected to occur in July 2010.
Merging (or Target) Funds | Acquiring Wells Fargo Advantage Fund (Surviving Fund) | Portfolio Management Team of Surviving Fund |
§ Evergreen California Municipal Money Market Fund
| Wells Fargo Advantage California Municipal Money Market Fund | Mathew Kiselak, Wells Capital Management |
§ Evergreen Institutional 100% Treasury Money Market Fund
| Wells Fargo Advantage 100% Treasury Money Market Fund | David Sylvester, Wells Capital Management |
§ Evergreen Institutional Money Market Fund § Evergreen Prime Cash Management Money Market Fund
| Wells Fargo Advantage Heritage Money Market FundSM | David Sylvester, Wells Capital Management |
§ Evergreen Institutional Treasury Money Market Fund § Evergreen Treasury Money Market Fund
| Wells Fargo Advantage Treasury Plus Money Market Fund | David Sylvester, Wells Capital Management |
Merging (or Target) Funds Acquiring Wells Fargo Advantage Fund (Surviving Fund) Portfolio Management Team of Surviving Fund
§ Evergreen Institutional U.S. Government Money Market Fund § Evergreen U.S. Government Money Market Fund
| Wells Fargo Advantage Government Money Market Fund | David Sylvester, Wells Capital Management |
§ Evergreen Money Market Fund § Wells Fargo Advantage Overland Express Sweep Fund1
| Wells Fargo Advantage Money Market Fund | David Sylvester, Wells Capital Management |
§ Evergreen Municipal Money Market Fund
| Wells Fargo Advantage Municipal Money Market Fund | Mathew Kiselak, Wells Capital Management |
1. For the planned merger of the Wells Fargo Advantage Overland Express Sweep Fund, shareholder approval is not required and will not be sought.
7.
What factors were considered in deciding which Funds would merge?
We proposed the mergers of these Funds after a thoughtful and thorough evaluation of each fund family and the investment landscape as a whole. The merger of these Funds would eliminate product overlap while preserving what we believe to be the strengths of the combined Evergreen Investments and Wells Fargo asset management capabilities. Among the factors we considered were the following:
§ Streamlined product offerings
§ Performance track record
§ Asset size
§ Expenses
§ Manager tenure and experience
8.
How will shareholders be notified of these changes? Will they need to take any action?
The current shareholders of the Evergreen Funds and the Wells Fargo Advantage Funds that are proposed to be acquired will be sent a prospectus supplement in January 2010 that will inform them of the Boards’ approvals of these shell reorganizations and mergers. These shareholders (with the exception of shareholders of the Wells Fargo Advantage Overland Express Sweep Fund) are expected to receive combined prospectus/proxy statements inviting them to vote on these proposals at meetings expected to be held in the second quarter of 2010. Once the combined prospectus/proxy statements are available, they will be posted on our Web sites. Except as noted above, each merger and reorganization requires shareholder approval and satisfaction of other closing conditions.
9.
Will there be any changes to the fee structures of the merging Funds?
Yes. In general, through the reorganizations and mergers, the fee structures of the Evergreen Funds will become aligned with the fee structures of the Wells Fargo Advantage Funds. We believe that the resulting fees and expenses will be highly competitive across the combined fund family.
10.
What is the timeline for the mergers and reorganizations?
The mergers and shell reorganizations are tentatively set to occur in July 2010 but are subject to shareholder approval at special shareholder meetings—expected to be held in the second quarter of 2010—and other closing conditions. We will provide further details about the mergers and reorganizations in a separate Product Alert after the combined prospectus/proxy statements are filed.
11.
Will the mergers and reorganizations be taxable events for shareholders?
No. The mergers and reorganizations are expected to be tax-free transactions for U.S. federal income tax purposes.
12.
Can investors still purchase, redeem, and exchange these Money Market Funds prior to the mergers and reorganizations?
Yes. Shareholders will be able to continue to invest in all of the Evergreen Funds and Wells Fargo Advantage Funds prior to any merger or reorganization.
C. New Share Classes
13.
Which share classes will be added to the Wells Fargo Advantage Funds that are not available today?
Following the Fund mergers, certain Wells Fargo Advantage Funds will offer new share classes to expand choices for certain investors, including Daily Class and Sweep Class. The Daily and Sweep share classes will be primarily available to certain brokerage firms and/or Wells Fargo banking customers as money market sweep vehicles.
For detailed information about the share class mapping, please refer to the Wells Fargo Advantage Funds and Evergreen Investments Merger Conversion Tool on our Web sites. (See question 14.)
See the following table for further details.
Wells Fargo Advantage Fund | Share Classes Currently Offered | New Share Classes to Be Offered2 |
California Municipal Money Market Fund | A, Service, Institutional | Sweep |
Government Money Market Fund | A, Service, Administrator, Institutional | Sweep |
Heritage Money Market Fund | Administrator, Institutional, Select | Service |
Minnesota Money Market Fund | A | Sweep |
Money Market Fund | Investor, A, B1 | C, Service, Daily |
Municipal Money Market Fund | Investor, Institutional | Sweep, A, Service |
National Tax-Free Money Market Fund | A, Service, Administrator, Institutional | Sweep |
100% Treasury Money Market Fund | A, Service | Sweep, Administrator |
Wells Fargo Advantage Fund Share Classes Currently Offered New Share Classes to Be Offered2
Treasury Plus Money Market Fund | A, Service, Administrator, Institutional | Sweep |
1. Class B shares of the Wells Fargo Advantage Money Market Fund are available only for investment in connection with non-commission purchases or exchanges.
2. Additional new share classes approved by the Wells Fargo Advantage Funds Board of Trustees and anticipated to be available for purchase in July 2010.
D. General Information
14.
Where can I find detailed information about the mapping of share classes in the proposed fund lineup?
A Wells Fargo Advantage Funds and Evergreen Investments Merger Conversion Tool will be available on our Web sites on January 13, 2010. Please visit the following links:
Wells Fargo Advantage Funds Web site: http://www.wellsfargoadvantagefunds.com/wfweb/wf/home/integration_tool/wfaf.jsp
Wells Fargo Advantage Funds Institutional Cash Management Web site:
http://www.wellsfargoadvantagefunds.com/wfweb/wf/home/integration_tool/wfaf_icm.jsp
Evergreen Investments Web site:
http://www.evergreeninvestments.com
15.
Will shareholders of an acquiring Wells Fargo Advantage Fund receive a combined prospectus/proxy statement?
No. In cases where one or more Evergreen Fund and/or Wells Fargo Advantage Fund is merging or reorganizing into an existing Wells Fargo Advantage Fund, only the Evergreen Funds shareholders or target Wells Fargo Advantage Funds shareholders will receive a combined prospectus/proxy statement.
16.
Who is the distributor of Evergreen Funds?
Effective January 4, 2010, Wells Fargo Funds Distributor, LLC, the distributor of Wells Fargo Advantage Funds, also became the distributor of the Evergreen Funds.
17.
Will there be any changes to the Wells Fargo Advantage Funds Board of Trustees following the fund mergers and reorganizations?
The Boards of Trustees of the Evergreen Funds and the Wells Fargo Advantage Funds remain unchanged for both Fund families at this time and will continue to oversee their Funds and the integration process until the closure of the fund reorganizations and mergers.
Upon completion of the proposed Fund reorganizations and mergers in July, the current trustees of the Wells Fargo Advantage Funds will remain in place and will be joined by two members of the current Board of Trustees of the Evergreen Funds. The two individuals who will be joining the Wells Fargo Advantage Funds Board of Trustees are Mr. Michael Scofield
7
and Mr. Dun Gifford, each of whom is a current member of both the Evergreen Funds Board of Trustees and the Executive Committee of that Board.
After the Fund reorganizations and mergers, the remaining former members of the Evergreen Funds Board will act in an advisory capacity and may from time to time provide advice to the trustees of the Wells Fargo Advantage Funds for the following two years.
18.
Following the Fund mergers, what will be the Funds’ Web site address?
After the mergers and reorganizations are complete, all investors will use www.wellsfargo.com/advantagefundsas the primary Web site address. Until that time, Evergreen Funds investors may continue to visit www.evergreeninvestments.com. After the mergers and reorganizations, the Evergreen Investments site will re-direct to www.wellsfargo.com/advantagefunds.
19.
What about changes to mailing addresses and telephone numbers?
For now, it’s business as usual for shareholders. Investors will receive the same high level of service that they have always received. We will communicate, well in advance, any changes to our contact information.
20.
Which shareholders will receive prospectus supplements, and which will receive combined prospectus/proxy statements?
All Evergreen Funds shareholders in the reorganizing or merging Funds will receive one or more combined prospectus/proxy statements. Wells Fargo Advantage Funds shareholders who are invested in a merging or target Wells Fargo Advantage Fund will receive a combined prospectus/proxy statement with the exception of shareholders of the Wells Fargo Advantage Overland Express Sweep Fund, the merger of which does not require shareholder approval. In addition, prospectus supplements will be sent to all Evergreen Fund shareholders and to certain Wells Fargo Advantage Funds shareholders whose Fund is a target Fund or will undergo a name change or liquidation. Also, prospectuses will be supplemented for prospective shareholders.
Additional Information and Where to Find It
The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
In connection with the proposed shell reorganizations and mergers, the acquirer will file a prospectus/proxy statement with the Securities and Exchange Commission. All shareholders are advised to read the prospectus/proxy statement in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, fees, expenses, risk considerations, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the prospectus/proxy statement to its shareholders once it is declared effective by the Commission. Shareholders may obtain a free copy of the prospectus/proxy statement when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the prospectus/proxy statement, once available, may also be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, or at www.wellsfargo.com/advantagefundsor by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, or at www.evergreeninvestments.com. The target and the acquirer also file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in prospectus/proxy statement when it is filed with the Commission.
A portion of the municipal Funds’ 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. The U.S. government guarantee applies to certain underlying securities and not to shares of the Funds.
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 Fund seeks 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, visit www.evergreeninvestments.com for Evergreen Funds and www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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. 120076 01-10
January 13, 2010
Proposed Integration of Evergreen Funds and Wells Fargo
Advantage Funds®: Questions and Answers Regarding Money Market Funds
Following a careful review of the mutual fund lineups of the Evergreen Funds and Wells Fargo
Advantage Funds, Evergreen Investment Management Company, LLC (the investment advisor to the Evergreen Funds), and Wells Fargo Funds Management, LLC (the investment advisor to the Wells Fargo Advantage Funds), have proposed a series of changes with the goal of streamlining and strengthening product offerings. These proposals have been unanimously approved by the Boards of Trustees of the Evergreen Funds and Wells Fargo Advantage Funds. Several of these initiatives require shareholder approval, which is expected to be sought at special shareholder meetings in the second quarter of 2010. Our goal is to complete the initiatives and fully combine the fund families in July 2010. The following questions and answers provide additional details about these changes.
Key Points About the Integration of Money Market Funds
All Evergreen Money Market Fund clients will receive a proxy statement in April 2010 requesting them to vote on these proposals. Once available, the proxy materials will be posted on our Web sites.
None of the changes to Wells Fargo Advantage Money Market Funds require shareholder approval, and therefore no clients will be sent combined prospectus/proxy statements.
At the time of the merger, there is no action required by clients of the affected money market funds; the merger transactions will be implemented systematically.
There are no tax impactions to the clients of affected money market funds.
A. Introduction
1.
What is the rationale of the proposals for integrating the Wells Fargo Advantage Funds and Evergreen Funds?
The proposals are intended to integrate the Wells Fargo Advantage Funds and the Evergreen Funds into a single mutual fund family (under the Wells Fargo Advantage Funds name) and were made with the following objectives in mind:
§ Streamline and strengthen product offerings.
§ Reduce overall fund expenses.
§ Eliminate overlapping products.
§ Leverage investment capabilities from both fund families.
2.
What are the benefits of combining the mutual fund management businesses of Evergreen Investments and Wells Fargo Funds Management?
We believe that combining the two fund management businesses will provide investors with greater scale and resources than are available today. The combined fund family will offer a diverse product lineup that seeks to bring together the strengths of both the Wells Fargo Advantage Funds and the Evergreen Funds to meet the investment needs of the Funds’ investors.
3.
Will these changes require shareholder approval?
The changes that will require shareholder approval, which will be sought in the second quarter of 2010, include:
§ The proposed mergers of the Evergreen Funds and the Wells Fargo Advantage Funds.
§ The reorganization of the Evergreen Funds as newly created Wells Fargo Advantage Funds.
The proposed liquidations, share class changes, and name changes for certain Funds do not require shareholder approval. In addition, the anticipated merger of the Wells Fargo Advantage Overland Express Sweep FundSM with the Wells Fargo Advantage Money Market Fund does not require shareholder approval.
B. Reorganizations and Mergers
4.
Which Evergreen Funds Money Market Funds will be reorganized as newly created Wells Fargo Advantage Funds?
The following Evergreen Money Market Funds will be reorganized as Wells Fargo Advantage Funds. Their principal investment processes will remain substantially the same. These reorganizations have been approved by both Boards and are subject to approval by the shareholders of the Evergreen Money Market Funds—which will be sought at meetings expected to be held in the second quarter of 2010—as well as the satisfaction of other closing conditions. (These reorganizations will be described in combined prospectus/proxy statements as “shell” reorganizations.)
Current Evergreen Money Market Fund | New Wells Fargo Advantage Fund Name | Portfolio Management Team |
Evergreen Institutional Municipal Money Market Fund | Wells Fargo Advantage Municipal Cash Management Money Market Fund | Mathew Kiselak, Wells Capital Management |
Evergreen New Jersey Municipal Money Market Fund | Wells Fargo Advantage New Jersey Municipal Money Market Fund | Mathew Kiselak, Wells Capital Management |
Evergreen New York Municipal Money Market Fund | Wells Fargo Advantage New York Municipal Money Market Fund | Mathew Kiselak, Wells Capital Management |
Evergreen Pennsylvania Municipal Money Market Fund | Wells Fargo Advantage Pennsylvania Municipal Money Market Fund | Mathew Kiselak, Wells Capital Management |
5.
What factors were considered when deciding which Funds would be reorganized as newly created Wells Fargo Advantage Funds?
We proposed that these Evergreen Funds be reorganized as Wells Fargo Advantage Funds after a thoughtful and thorough evaluation of each fund family and the investment landscape as a whole, including the following factors:
§ Asset size
§ Expenses
§ Manager tenure and experience
§ Performance track record
§ Differentiation of investment style
§ Addition of product offerings that didn’t exist before in the Wells Fargo Advantage Funds family
The investment process of the Evergreen Funds being reorganized will remain largely unchanged, and the Funds will retain their historical performance records, although fees, expenses, and share class features will be brought more closely in line with those of the Wells Fargo Advantage Funds. The addition of these Funds to the Wells Fargo Advantage Funds lineup broadens the overall product range and expands fund choices for investors.
6.
Which Wells Fargo Advantage Money Market Funds and Evergreen Money Market Funds will merge?
The Funds identified below in the “Merging (or Target) Funds” column will be merged into the corresponding Wells Fargo Advantage Fund in the “Acquiring Wells Fargo Advantage Fund (Surviving Fund)” column. These mergers have been approved by both Boards and are subject to approval by the shareholders of the affected Evergreen Funds and Wells Fargo Advantage Funds identified in the left column, which will be sought at meetings expected to be held in the second quarter of 2010. If approved, the mergers are expected to occur in July 2010.
Merging (or Target) Funds | Acquiring Wells Fargo Advantage Fund (Surviving Fund) | Portfolio Management Team of Surviving Fund |
§ Evergreen California Municipal Money Market Fund
| Wells Fargo Advantage California Municipal Money Market Fund | Mathew Kiselak, Wells Capital Management |
§ Evergreen Institutional 100% Treasury Money Market Fund
| Wells Fargo Advantage 100% Treasury Money Market Fund | David Sylvester, Wells Capital Management |
§ Evergreen Institutional Money Market Fund § Evergreen Prime Cash Management Money Market Fund
| Wells Fargo Advantage Heritage Money Market FundSM | David Sylvester, Wells Capital Management |
§ Evergreen Institutional Treasury Money Market Fund § Evergreen Treasury Money Market Fund
| Wells Fargo Advantage Treasury Plus Money Market Fund | David Sylvester, Wells Capital Management |
Merging (or Target) Funds Acquiring Wells Fargo Advantage Fund (Surviving Fund) Portfolio Management Team of Surviving Fund
§ Evergreen Institutional U.S. Government Money Market Fund § Evergreen U.S. Government Money Market Fund
| Wells Fargo Advantage Government Money Market Fund | David Sylvester, Wells Capital Management |
§ Evergreen Money Market Fund § Wells Fargo Advantage Overland Express Sweep Fund1
| Wells Fargo Advantage Money Market Fund | David Sylvester, Wells Capital Management |
§ Evergreen Municipal Money Market Fund
| Wells Fargo Advantage Municipal Money Market Fund | Mathew Kiselak, Wells Capital Management |
1. For the planned merger of the Wells Fargo Advantage Overland Express Sweep Fund, shareholder approval is not required and will not be sought.
7.
What factors were considered in deciding which Funds would merge?
We proposed the mergers of these Funds after a thoughtful and thorough evaluation of each fund family and the investment landscape as a whole. The merger of these Funds would eliminate product overlap while preserving what we believe to be the strengths of the combined Evergreen Investments and Wells Fargo asset management capabilities. Among the factors we considered were the following:
§ Streamlined product offerings
§ Performance track record
§ Asset size
§ Expenses
§ Manager tenure and experience
8.
How will shareholders be notified of these changes? Will they need to take any action?
The current shareholders of the Evergreen Funds and the Wells Fargo Advantage Funds that are proposed to be acquired will be sent a prospectus supplement in January 2010 that will inform them of the Boards’ approvals of these shell reorganizations and mergers. These shareholders (with the exception of shareholders of the Wells Fargo Advantage Overland Express Sweep Fund) are expected to receive combined prospectus/proxy statements inviting them to vote on these proposals at meetings expected to be held in the second quarter of 2010. Once the combined prospectus/proxy statements are available, they will be posted on our Web sites. Except as noted above, each merger and reorganization requires shareholder approval and satisfaction of other closing conditions.
9.
Will there be any changes to the fee structures of the merging Funds?
Yes. In general, through the reorganizations and mergers, the fee structures of the Evergreen Funds will become aligned with the fee structures of the Wells Fargo Advantage Funds. We believe that the resulting fees and expenses will be highly competitive across the combined fund family.
10.
What is the timeline for the mergers and reorganizations?
The mergers and shell reorganizations are tentatively set to occur in July 2010 but are subject to shareholder approval at special shareholder meetings—expected to be held in the second quarter of 2010—and other closing conditions. We will provide further details about the mergers and reorganizations in a separate Product Alert after the combined prospectus/proxy statements are filed.
11.
Will the mergers and reorganizations be taxable events for shareholders?
No. The mergers and reorganizations are expected to be tax-free transactions for U.S. federal income tax purposes.
12.
Can investors still purchase, redeem, and exchange these Money Market Funds prior to the mergers and reorganizations?
Yes. Shareholders will be able to continue to invest in all of the Evergreen Funds and Wells Fargo Advantage Funds prior to any merger or reorganization.
C. New Share Classes
13.
Which share classes will be added to the Wells Fargo Advantage Funds that are not available today?
Following the Fund mergers, certain Wells Fargo Advantage Funds will offer new share classes to expand choices for certain investors, including Daily Class and Sweep Class. The Daily and Sweep share classes will be primarily available to certain brokerage firms and/or Wells Fargo banking customers as money market sweep vehicles.
For detailed information about the share class mapping, please refer to the Wells Fargo Advantage Funds and Evergreen Investments Merger Conversion Tool on our Web sites. (See question 14.)
See the following table for further details.
Wells Fargo Advantage Fund | Share Classes Currently Offered | New Share Classes to Be Offered2 |
California Municipal Money Market Fund | A, Service, Institutional | Sweep |
Government Money Market Fund | A, Service, Administrator, Institutional | Sweep |
Heritage Money Market Fund | Administrator, Institutional, Select | Service |
Minnesota Money Market Fund | A | Sweep |
Money Market Fund | Investor, A, B1 | C, Service, Daily |
Municipal Money Market Fund | Investor, Institutional | Sweep, A, Service |
National Tax-Free Money Market Fund | A, Service, Administrator, Institutional | Sweep |
100% Treasury Money Market Fund | A, Service | Sweep, Administrator |
Wells Fargo Advantage Fund Share Classes Currently Offered New Share Classes to Be Offered2
Treasury Plus Money Market Fund | A, Service, Administrator, Institutional | Sweep |
1. Class B shares of the Wells Fargo Advantage Money Market Fund are available only for investment in connection with non-commission purchases or exchanges.
2. Additional new share classes approved by the Wells Fargo Advantage Funds Board of Trustees and anticipated to be available for purchase in July 2010.
D. General Information
14.
Where can I find detailed information about the mapping of share classes in the proposed fund lineup?
A Wells Fargo Advantage Funds and Evergreen Investments Merger Conversion Tool will be available on our Web sites on January 13, 2010. Please visit the following links:
Wells Fargo Advantage Funds Web site: http://www.wellsfargoadvantagefunds.com/wfweb/wf/home/integration_tool/wfaf.jsp
Wells Fargo Advantage Funds Institutional Cash Management Web site:
http://www.wellsfargoadvantagefunds.com/wfweb/wf/home/integration_tool/wfaf_icm.jsp
Evergreen Investments Web site:
http://www.evergreeninvestments.com
15.
Will shareholders of an acquiring Wells Fargo Advantage Fund receive a combined prospectus/proxy statement?
No. In cases where one or more Evergreen Fund and/or Wells Fargo Advantage Fund is merging or reorganizing into an existing Wells Fargo Advantage Fund, only the Evergreen Funds shareholders or target Wells Fargo Advantage Funds shareholders will receive a combined prospectus/proxy statement.
16.
Who is the distributor of Evergreen Funds?
Effective January 4, 2010, Wells Fargo Funds Distributor, LLC, the distributor of Wells Fargo Advantage Funds, also became the distributor of the Evergreen Funds.
17.
Will there be any changes to the Wells Fargo Advantage Funds Board of Trustees following the fund mergers and reorganizations?
The Boards of Trustees of the Evergreen Funds and the Wells Fargo Advantage Funds remain unchanged for both Fund families at this time and will continue to oversee their Funds and the integration process until the closure of the fund reorganizations and mergers.
Upon completion of the proposed Fund reorganizations and mergers in July, the current trustees of the Wells Fargo Advantage Funds will remain in place and will be joined by two members of the current Board of Trustees of the Evergreen Funds. The two individuals who will be joining the Wells Fargo Advantage Funds Board of Trustees are Mr. Michael Scofield
7
and Mr. Dun Gifford, each of whom is a current member of both the Evergreen Funds Board of Trustees and the Executive Committee of that Board.
After the Fund reorganizations and mergers, the remaining former members of the Evergreen Funds Board will act in an advisory capacity and may from time to time provide advice to the trustees of the Wells Fargo Advantage Funds for the following two years.
18.
Following the Fund mergers, what will be the Funds’ Web site address?
After the mergers and reorganizations are complete, all investors will use www.wellsfargo.com/advantagefundsas the primary Web site address. Until that time, Evergreen Funds investors may continue to visit www.evergreeninvestments.com. After the mergers and reorganizations, the Evergreen Investments site will re-direct to www.wellsfargo.com/advantagefunds.
19.
What about changes to mailing addresses and telephone numbers?
For now, it’s business as usual for shareholders. Investors will receive the same high level of service that they have always received. We will communicate, well in advance, any changes to our contact information.
20.
Which shareholders will receive prospectus supplements, and which will receive combined prospectus/proxy statements?
All Evergreen Funds shareholders in the reorganizing or merging Funds will receive one or more combined prospectus/proxy statements. Wells Fargo Advantage Funds shareholders who are invested in a merging or target Wells Fargo Advantage Fund will receive a combined prospectus/proxy statement with the exception of shareholders of the Wells Fargo Advantage Overland Express Sweep Fund, the merger of which does not require shareholder approval. In addition, prospectus supplements will be sent to all Evergreen Fund shareholders and to certain Wells Fargo Advantage Funds shareholders whose Fund is a target Fund or will undergo a name change or liquidation. Also, prospectuses will be supplemented for prospective shareholders.
Additional Information and Where to Find It
The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
In connection with the proposed shell reorganizations and mergers, the acquirer will file a prospectus/proxy statement with the Securities and Exchange Commission. All shareholders are advised to read the prospectus/proxy statement in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, fees, expenses, risk considerations, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the prospectus/proxy statement to its shareholders once it is declared effective by the Commission. Shareholders may obtain a free copy of the prospectus/proxy statement when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the prospectus/proxy statement, once available, may also be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, or at www.wellsfargo.com/advantagefundsor by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, or at www.evergreeninvestments.com. The target and the acquirer also file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in prospectus/proxy statement when it is filed with the Commission.
A portion of the municipal Funds’ 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. The U.S. government guarantee applies to certain underlying securities and not to shares of the Funds.
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 Fund seeks 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, visit www.evergreeninvestments.com for Evergreen Funds and www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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. 120076 01-10
P.O. Box 8266
Boston, Massachusetts 02205
January 13, 2010
The Integration of Our Fund Families Has Begun
Dear Valued Business Partner:
Recently, the Boards of Trustees of Wells Fargo Advantage Funds® and Evergreen Funds approved the merger of our fund families and a proposed new fund lineup that will be branded under the Wells Fargo Advantage Funds name. As you can see, we’ve made significant progress toward bringing our two organizations together.
The proposed fund family was developed after thoughtful and thorough evaluation of each fund and the needs of our investors. We believe the result is a powerful and comprehensive array of products that leverages the strengths of both organizations to benefit you and your clients through access to:
• |
| Our combined investment expertise, with independent portfolio teams that will continue to adhere to their own distinct strategies and processes. |
• |
| Fund choices with highly competitive fee structures that, for many shareholders, are expected to result in reductions in fund expenses. |
• |
| A family of mutual funds with even greater depth and breadth than before, including more choices in investment styles and strategies. |
• |
| Complementary investment solutions, such as separately managed accounts, college investing plans, and retirement products. |
What to expect in the coming months
Proxies for the reorganization of our fund families are expected to be mailed to shareholders during the early part of the second quarter of 2010, with shareholder meetings held in early summer. Upon shareholder approval, the reorganizations (and other related changes) will likely be completed in mid-summer. Watch for additional information regarding the proxy mailings.
(over)
Additional information
Click here for proposed portfolio-level fund merger mapping documentation. In the coming weeks, we will follow up with a more detailed proposed fund merger mapping document designed for operations professionals. If you have any questions, please contact us at 1.800.368.4225, Monday through Friday, 7:30am to 4:00pm CT. Thank you for your continued partnership with Wells Fargo Advantage Funds.
Sincerely,
Karla M. Rabusch
President
Wells Fargo Advantage Funds
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010.
For Section 529 plans, an investor’s or a designated beneficiary’s home state may offer state tax or other benefits that are only available for investments in that state’s qualified tuition program. Please consider this before investing.
Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. For a current prospectus or current program description, containing this and other information, visit www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds and certain Section 529 plans, or www.evergreeninvestments.com for Evergreen Investments. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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 Managed Account Services, Wells Fargo Advantage Funds® and to certain 529 college savings plans. 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 FINRA/SIPC, an affiliate of Wells Fargo & Company. 119257 1-10
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| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
FOR INSTITUTIONAL INVESTOR USE ONLY–NOT FOR USE WITH THE PUBLIC
P.O. Box 8266
Boston, Massachusetts 02205
January 13, 2010
The Integration of Our Fund Families Has Begun
Dear Valued Business Partner:
Recently, the Boards of Trustees of Wells Fargo Advantage Funds® and Evergreen Funds approved the merger of our fund families and a proposed new fund lineup that will be branded under the Wells Fargo Advantage Funds name. As you can see, we’ve made significant progress toward bringing our two organizations together.
The proposed fund family was developed after thoughtful and thorough evaluation of each fund and the needs of our investors. We believe the result is a powerful and comprehensive array of products that leverages the strengths of both organizations to benefit you and your clients through access to:
• |
| Our combined investment expertise, with independent portfolio teams that will continue to adhere to their own distinct strategies and processes. |
• |
| Fund choices with highly competitive fee structures that, for many shareholders, are expected to result in reductions in fund expenses. |
• |
| A family of mutual funds with even greater depth and breadth than before, including more choices in investment styles and strategies. |
• |
| Complementary investment solutions, such as separately managed accounts, college investing plans, and retirement products. |
What to expect in the coming months
Proxies for the reorganization of our fund families are expected to be mailed to shareholders during the early part of the second quarter of 2010, with shareholder meetings held in early summer. Upon shareholder approval, the reorganizations (and other related changes) will likely be completed in mid-summer. Watch for additional information regarding the proxy mailings.
(over)
Additional information
Click here for proposed portfolio-level fund merger mapping documentation. In the coming weeks, we will follow up with a more detailed proposed fund merger mapping document designed for operations professionals. If you have any questions, please contact us at 1.617.210.3557, Monday through Friday, 9:00am to 5:00pm ET. Thank you for your continued partnership with Evergreen Investments.
Sincerely,
Karla M. Rabusch
President
Wells Fargo Advantage Funds
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010.
For Section 529 plans, an investor’s or a designated beneficiary’s home state may offer state tax or other benefits that are only available for investments in that state’s qualified tuition program. Please consider this before investing.
Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. For a current prospectus or current program description, containing this and other information, visit www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds and certain Section 529 plans, or www.evergreeninvestments.com for Evergreen Investments. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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 Managed Account Services, Wells Fargo Advantage Funds® and to certain 529 college savings plans. 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 FINRA/SIPC, an affiliate of Wells Fargo & Company. 119258 1-10
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| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
FOR INSTITUTIONAL INVESTOR USE ONLY–NOT FOR USE WITH THE PUBLIC
WELLS FARGO ADVANTAGE FUNDS
WELLS FARGO ADVANTAGE FUNDS®
Our Proposed Fund Lineup
2010 MERGER FUND GUIDE
Wells Fargo Advantage Funds
Wells Fargo Advantage Fundsskillfully guides institutions, financial advisors, and individuals through the investment terrain to help them reach their financial objectives.Everything we do on behalf of our investors is backed by our unique combination of qualifications.
Strength.Our organization is built on the standards of integrity and service established by our parent company—Wells Fargo & Company—more than 150 years ago. Our diverse family of mutual funds covers a broad spectrum of investment styles and asset classes. And, because we’re part of a widely diversified financial enterprise, we offer the scale and resources to help investors succeed, providing access to complementary solutions such as separately managed accounts, college investing plans, and retirement plans.
Expertise.Our approach to investing is guided by the belief that agile, independent investment teams—each with its own distinct strengths and disciplines—provide a superior level of insight and expertise. Each team is free to concentrate on managing money through well-defined philosophies and processes that have proven to be consistent and repeatable over time.
Partnership.Our collaborative approach is built around understanding the needs and goals of our clients. By adhering to core principles of sound judgment and steady guidance, we support you through every stage of the investment decision process.
Our Proposed Fund Lineup
Fund Reorganization Mapping
Surviving strategy is from Wells Fargo Advantage Funds
Surviving strategy is from Evergreen Funds
Asset Class/Category Current Wells Fargo Advantage Funds Current Evergreen Funds Proposed Wells Fargo Advantage Funds Lineup Subadvisor—Portfolio Manager(s)
EQUITY
Large Growth Capital Growth Capital Growth
Large Cap Appreciation — Wells Capital Management—Pence, Harris
Endeavor Select† — Endeavor Select Wells Capital Management—Pence, Harris
Growth — Growth Wells Capital Management—Ognar, Olson, Eberhardy
Large Cap Growth — Large Cap Growth Wells Capital Management—Ognar, Olson, Eberhardy
— Omega Omega Growth (previously named Omega) Wells Capital Management—Hamzaogullari
Large Company Growth Large Company Growth Premier Large Company Growth (previously named Large Company Growth)
Wells Capital Management—Hamzaogullari
— Strategic Growth Strategic Large Cap Growth (previously named Strategic Growth) Wells Capital Management—Reid, Chow, Zelko
Large Value C&B Large Cap Value — C&B Large Cap Value
Cooke & Bieler—O’Connor, Lyons, Eck, Trivedi, Meyer, O’Neil, Heitman
Specialized Financial Services Equity Income Classic Value (previously named Equity Income) Wells Capital Management—McCormick, Mishuris
Equity Income Disciplined Value Disciplined Value
U.S. Value Wells Capital Management—Zieff
Equity Value — Equity Value Systematic—McCreesh, Mushock
— Intrinsic Value Intrinsic Value MetWest Capital Management—Gleicher, Lisenbee, Graham, Peck
Large Company Value — Large Company Value Phocas—Block, Schaff
Large Blend — Fundamental Large Cap Core Equity (previously named Fundamental Large Cap) Wells Capital Management—McCormick, Sanders
— Enhanced S&P 500 Disciplined U.S. Core (previously named Enhanced S&P 500) Wells Capital Management—Zieff
Diversified Equity — Diversified Equity
Growth Equity Multi—Owen, Biwer, Chan
Index Equity Index Index Wells Capital Management—Zieff
Large Company Core Golden Large Cap Core Large Cap Core (previously named Golden Large Cap Core) Golden Capital Management—Moser
Social Sustainability† — Social Sustainability Nelson Capital Management—Benner, Kurtz
Mid Growth Discovery† — Discovery Wells Capital Management—Pence, Leach
Enterprise† — Enterprise Wells Capital Management—Pence, Leach
— Small-Mid Growth Growth Opportunities (previously named Small-Mid Growth) Wells Capital Management—Philpott, Roberts
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
Wells Fargo Advantage Funds Merger Fund Guide | 1
Surviving strategy is from Wells Fargo Advantage Funds Fund Reorganization Mapping Surviving strategy is from Evergreen Funds
Asset Class/ Current Wells Fargo Current Proposed Wells Fargo Advantage Funds Lineup
Category Advantage Funds Evergreen Funds Subadvisor—Portfolio Manager(s)
EQUITY continued
Mid Growth Mid Cap Growth
continued Mid Cap Growth Mid Cap Growth Wells Capital Management—Philpott, Roberts
Mid Value C&B Mid Cap Value
C&B Mid Cap Value —
Cooke & Bieler—O’Connor, Lyons, Eck, Trivedi, Meyer, O’Neil, Heitman
Special Mid Cap Value
Mid Cap Disciplined Fundamental Mid Cap Value (previously named Mid Cap Disciplined)
Wells Capital Management—Tringas, VanCronkhite
Mid Blend Common Stock
Common Stock —
Wells Capital Management—Miletti
Opportunity
Opportunity† —
Wells Capital Management—Miletti
Small/Mid Cap Core
— Golden Core Opportunities (previously named Golden Core Opportunities)
Golden Capital Management—Campbell
Small Growth Emerging Growth
Emerging Growth —
Wells Capital Management—Ognar, Olson, Eberhardy
Small Cap Growth
Small Cap Growth —
Wells Capital Management—Philpott, Roberts
Small Company Growth
Small Company Growth —
Peregrine—Grierson, Hagen, Mersky, Ross, von Kuster
Traditional Small Cap Growth
(previously named Growth)
— Growth
Wells Capital Management—Drummond, Freeman, Carder,
Harrison, Rick
Small Value Intrinsic Small Cap Value
Small Cap Disciplined — (previously named Small Cap Disciplined)
MetWest Capital Management—Sikka, Peck, Alvarez
Small Cap Value
Small Cap Value —
Wells Capital Management—Rinaldi
Small Company Value
Small Company Value —
Peregrine—Ballsrud, Pugh, Coin
Small/Mid Cap Value
Small/Mid Cap Value —
Wells Capital Management—Rinaldi, Astheimer, Schneider
Special Small Cap Value
Special Values
— (previously named Special Values)
Small Cap Value
Wells Capital Management—Tringas
Small Blend Diversified Small Cap
Diversified Small Cap —
Multi—Chan, Owen, Biwer
Small Cap Opportunities
Small Cap Opportunities —
Schroder—Jones
International Asia Pacific
Asia Pacific —
Wells Capital Management—Cragg
Disciplined Global Equity
— Global Large Cap Equity (previously named Global Large Cap Equity)
Wells Capital Management—Zieff
Emerging Markets Equity
Emerging Markets Equity Emerging Markets Growth (previously named Emerging Markets Growth)
Wells Capital Management—Zhang
Global Opportunities
— Global Opportunities
Wells Capital Management—Claro, Tringas
International Equity
International Core International Equity (previously named International Core)
Wells Capital Management—Claro
Diversified International
International Equity — (previously named International Equity)
Multi—Yockey, Lakonishok, Vermeulen, Mansharamani, Claro
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
2 | Wells Fargo Advantage Funds Merger Fund Guide
Fund Reorganization Mapping Surviving strategy is from Wells Fargo Advantage Funds
Surviving strategy is from Evergreen Funds
Asset Class/Category Current Wells Fargo Advantage Funds Current Evergreen Funds Proposed Wells Fargo Advantage Funds Lineup Subadvisor—Portfolio Manager(s)
EQUITY continued
International continued International Value International Value — LSV—Lakonishok, Vermeulen, Mansharamani
Intrinsic World Equity
— Intrinsic World Equity
MetWest Capital Management—Gleicher, Lisenbee, Graham, Peck
SPECIALTY
Health Care
— Health Care
Wells Capital Management—Junkin
Precious Metals
— Precious Metals
Wells Capital Management—Bradshaw
Specialized Technology
Specialized Technology —
RCM Capital Management—Chen, Price
— Utility and Telecommunications Utility and Telecommunications Crow Point Partners—O’Brien
FIXED INCOME
Tax-Free National Intermediate Tax/AMT-Free Intermediate Municipal Bond Intermediate Tax/AMT-Free
Wells Capital Management—Fitterer, Kiselak, Miller
High Income Municipal Bond
Municipal Bond Municipal Bond Municipal Bond Wells Capital Management—Fitterer, Kiselak, Miller
Short-Term Municipal Bond Short-Intermediate Municipal Bond Short-Term Municipal Bond Wells Capital Management—Casetta, Fitterer
Strategic Municipal Bond
— Strategic Municipal Bond Wells Capital Management—Bonilla, Fitterer, Kiselak
Ultra Short-Term Municipal Income —Ultra Short-Term Municipal Income
Wells Capital Management—Bonilla, Casetta, Fitterer
Tax-Free Single State California Limited-Term Tax-Free — California Limited-Term Tax-Free
Wells Capital Management—Galiani, Van Poppel
California Tax-Free California Municipal Bond California Tax-Free Wells Capital Management—Galiani, Van Poppel
Colorado Tax-Free — Colorado Tax-Free Wells Capital Management—Galiani, Van Poppel
Minnesota Tax-Free — Minnesota Tax-Free Wells Capital Management—Bonilla, Casetta, Van Poppel
North Carolina Tax-Free
— North Carolina Municipal Bond (previously named North Carolina Municipal Bond) Wells Capital Management—Kiselak, Miller
Pennsylvania Tax-Free
— Pennsylvania Municipal Bond (previously named Pennsylvania Municipal Bond) Wells Capital Management—Kiselak, Miller
Wisconsin Tax-Free — Wisconsin Tax-Free Wells Capital Management—Fitterer, Stoeckmann
Taxable Short Adjustable Rate Government
— Adjustable Rate (previously named Adjustable Rate)
Wells Capital Management—Applebach, Kauffman
Short Duration Government Bond — Short Duration Government Bond Wells Capital Management—O’Connor
Short-Term Bond — Short-Term Bond Wells Capital Management—Mueller, Rilling
Short-Term High Yield Bond — Short-Term High Yield Bond Wells Capital Management—Maas, Price, Schueller
Ultra Short-Term Income Ultra Short-Term Income — Stable Income Wells Capital Management—Mueller, Newton, Price
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
Wells Fargo Advantage Funds Merger Fund Guide | 3
Fund Reorganization Mapping
Surviving strategy is from Wells Fargo Advantage Funds
Surviving strategy is from Evergreen Funds
Asset Class/Category Current Wells Fargo Advantage Funds Current Evergreen Funds Proposed Wells Fargo Advantage Funds Lineup Subadvisor—Portfolio Manager(s)
FIXED INCOME continued
Taxable Intermediate and Long Government Securities U.S. Government Government Securities
Wells Capital Management—Bray, Mueller
High Income — High Income
Strategic Income Wells Capital Management—Maas, Price, Schueller
— High Income High Yield Bond (previously named High Income) Wells Capital Management—Nordenfelt, Susser
Income Plus Core Plus Bond Income Plus Wells Capital Management—Bray, Newton, Price, Rilling
Inflation-Protected Bond — Inflation-Protected Bond Wells Capital Management—Bray, Mueller
— International Bond International Bond First International Advisors—Lee, Norris, Perrin, Wilson
Total Return Bond Core Bond Total Return Bond
Diversified Bond Short Intermediate Bond Wells Capital Management—Ludgood, O’Connor
ASSET ALLOCATION
Asset Allocation — Asset Allocation Asset Allocation GMO—Inker
Conservative Allocation — Conservative Allocation Multi—Mellas, Beath, Blomster, Owen, Biwer, Chan
— Diversified Capital Builder Diversified Capital Builder Wells Capital Management—Patel
— Diversified Income Builder Diversified Income Builder Wells Capital Management—Patel
Growth Balanced Growth Balanced
Aggressive Allocation — Multi—Mellas, Beath, Blomster, Owen, Biwer, Chan
Asset Allocation — Index Asset Allocation (previously named Asset Allocation) Wells Capital Management—Mellas, Blomster, Genung
Moderate Balanced — Moderate Balanced Multi—Mellas, Beath, Blomster, Owen, Biwer, Chan
Target Today Fund† — Target Today Fund Global Index Advisors—Alldredge, Daniels, Lauder
Target 2010 Fund† — Target 2010 Fund Global Index Advisors—Alldredge, Daniels, Lauder
Target 2015 Fund† — Target 2015 Fund Global Index Advisors—Alldredge, Daniels, Lauder
Target 2020 Fund† — Target 2020 Fund Global Index Advisors—Alldredge, Daniels, Lauder
Target 2025 Fund† — Target 2025 Fund Global Index Advisors—Alldredge, Daniels, Lauder
Target 2030 Fund† — Target 2030 Fund Global Index Advisors—Alldredge, Daniels, Lauder
Target 2035 Fund† — Target 2035 Fund Global Index Advisors—Alldredge, Daniels, Lauder
Target 2040 Fund† — Target 2040 Fund Global Index Advisors—Alldredge, Daniels, Lauder
Target 2045 Fund† — Target 2045 Fund Global Index Advisors—Alldredge, Daniels, Lauder
Target 2050 Fund† — Target 2050 Fund Global Index Advisors—Alldredge, Daniels, Lauder
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
4 | Wells Fargo Advantage Funds Merger Fund Guide
Surviving strategy is from Wells Fargo Advantage Funds
Fund Reorganization Mapping Surviving strategy is from Evergreen Funds
Asset Class/ Current Wells Fargo Current Proposed Wells Fargo Advantage Funds Lineup
Category Advantage Funds Evergreen Funds Subadvisor—Portfolio Manager(s)
ASSET ALLOCATION continued
Fund of WealthBuilder Conservative WealthBuilder Conservative Allocation Portfolio
—
Funds Allocation Portfolio† Wells Capital Management—Mellas, Beath, Bocray
WealthBuilder Equity Portfolio
WealthBuilder Equity Portfolio† —
Wells Capital Management—Mellas, Beath, Bocray
WealthBuilder Growth WealthBuilder Growth Allocation Portfolio
—
Allocation Portfolio† Wells Capital Management—Mellas, Beath, Bocray
WealthBuilder Growth WealthBuilder Growth Balanced Portfolio
—
Balanced Portfolio† Wells Capital Management—Mellas, Beath, Bocray
WealthBuilder Moderate WealthBuilder Moderate Balanced Portfolio
—
Balanced Portfolio† Wells Capital Management—Mellas, Beath, Bocray
WealthBuilder Tactical WealthBuilder Tactical Equity Portfolio
—
Equity Portfolio† Wells Capital Management—Mellas, Beath, Bocray
MONEY MARKET
Prime Money Cash Investment Cash Investment Money Market
—
Market Money Market Wells Capital Management—Sylvester
Prime Cash Management
Heritage Money Market
Heritage Money Market† Money Market
Wells Capital Management—Sylvester
Institutional Money Market
Overland Express Sweep† Money Market
Money Market
Money Market Wells Capital Management—Sylvester
Money Market Trust
Money Market Trust —
Wells Capital Management—Sylvester
Prime Investment Prime Investment Money Market
—
Money Market Wells Capital Management—Sylvester
Government U.S. Govt. Money Market
Government Government Money Market
Money Institutional U.S. Govt.
Money Market Wells Capital Management—Sylvester
Market Money Market
Treasury Money Market
Treasury Plus Treasury Plus Money Market
Institutional Treasury
Money Market Wells Capital Management—Sylvester
Money Market
100% Treasury Institutional 100% Treasury 100% Treasury Money Market
Money Market Money Market Wells Capital Management—Sylvester
Tax-Free California Municipal Money Market
California Municipal California Municipal
Money Money Market Money Market (previously named California Tax-Free Money Market prior to 12-1-09)
Market Wells Capital Management—Kiselak
California Municipal Money Market Trust
California Municipal (previously named California Tax-Free Money Market Trust prior to
—
Money Market Trust 12-1-09)
Wells Capital Management—Kiselak
Minnesota Money Market
Minnesota Money Market —
Wells Capital Management—Kiselak
Municipal Cash Management Money Market
Institutional Municipal
— previously named Institutional Municipal Money Market)
Money Market Wells Capital Management—Kiselak
Municipal Money Market
Municipal Money Market Municipal Money Market
Wells Capital Management—Kiselak
National Tax-Free National Tax-Free Money Market
—
Money Market Wells Capital Management—Kiselak
National Tax-Free National Tax-Free Money Market Trust
—
Money Market Trust Wells Capital Management—Kiselak
New Jersey Municipal New Jersey Municipal Money Market
— Money Market Wells Capital Management—Kiselak
New York Municipal New York Municipal Money Market
— Money Market Wells Capital Management—Kiselak
Pennsylvania Municipal Pennsylvania Municipal Money Market
— Money Market Wells Capital Management—Kiselak
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
Wells Fargo Advantage Funds Merger Fund Guide | 5
Surviving strategy is from Wells Fargo Advantage Funds
Fund Reorganization Mapping Surviving strategy is from Evergreen Funds
Asset Class/ Category
Current Wells Fargo Advantage Funds
Current Evergreen Funds
Proposed Wells Fargo Advantage Funds Lineup Subadvisor—Portfolio Manager(s)
VARIABLE TRUST
VT Core Equity
VT Large Company Core
VA Fundamental Large Cap
(previously named VA Fundamental Large Cap)
Wells Capital Management—McCormick, Sanders
VT Discovery
VT Discovery†
—
Wells Capital Management—Pence, Leach
VT Index Asset Allocation
VT Asset Allocation
—
(previously named VT Asset Allocation)
Wells Capital Management—Mellas, Blomster, Genung
VT International Equity
VT International Core
VA International Equity
(previously named VT International Core)
Wells Capital Management—Claro
VT Intrinsic Value
VT C&B Large Cap Value
—
(previously named VT Equity Income)
VT Equity Income
MetWest Capital Management—Gleicher, Lisenbee, Graham, Peck
VT Omega Growth
VT Large Company Growth
VA Omega
(previously named VA Omega)
Wells Capital Management—Hamzaogullari
VT Opportunity
VT Opportunity†
—
Wells Capital Management—Miletti
VT Small Cap Growth
VT Small Cap Growth
VA Growth
Wells Capital Management—Philpott, Roberts
VT Small Cap Value
VT Small/Mid Cap Value
VA Special Values
(previously named VT Small/Mid Cap Value)
Wells Capital Management—Rinaldi
VT Total Return Bond
VT Total Return Bond
VA Core Bond
Wells Capital Management—Ludgood, O’Connor
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
†In this document, the Wells Fargo Advantage Endeavor Select FundSM is referred to as the Endeavor Select Fund, the Wells Fargo Advantage Social Sustainability FundSM is referred to as the Social Sustainability Fund, the Wells Fargo Advantage Discovery FundSM is referred to as the Discovery Fund, the Wells Fargo Advantage Enterprise FundSM is referred to as the Enterprise Fund, the Wells Fargo Advantage Opportunity FundSM is referred to as the Opportunity Fund, the Wells Fargo Advantage Heritage Money Market FundSM is referred to as the Heritage Money Market Fund, the Wells Fargo Advantage Overland Express Sweep FundSM is referred to as the Overland Express Sweep Fund, the Wells Fargo Advantage Dow Jones Target Today FundSM is referred to as the Target Today Fund, the Wells Fargo Advantage Dow Jones Target 2010 FundSM is referred to as the Target 2010 Fund, the Wells Fargo Advantage Dow Jones Target 2015 FundSM is referred to as the Target 2015 Fund, the Wells Fargo Advantage Dow Jones Target 2020 FundSM is referred to as the Target 2020 Fund, the Wells Fargo Advantage Dow Jones Target 2025 FundSM is referred to as the Target 2025 Fund, the Wells Fargo Advantage Dow Jones Target 2030 FundSM is referred to as the Target 2030 Fund, the Wells Fargo Advantage Dow Jones Target 2035 FundSM is referred to as the Target 2035 Fund, the Wells Fargo Advantage Dow Jones Target 2040 FundSM is referred to as the Target 2040 Fund, the Wells Fargo Advantage Dow Jones Target 2045 FundSM is referred to as the Target 2045 Fund, the Wells Fargo Advantage Dow Jones Target 2050 FundSM is referred to as the Target 2050 Fund, the Wells Fargo Advantage WealthBuilder Conservative Allocation PortfolioSM is referred to as the WealthBuilder Conservative Allocation Portfolio, the Wells Fargo Advantage WealthBuilder Equity PortfolioSM is referred to as the WealthBuilder Equity Portfolio, the Wells Fargo Advantage WealthBuilder Growth Allocation PortfolioSM is referred to as the WealthBuilder Growth Allocation Portfolio, the Wells Fargo Advantage WealthBuilder Growth Balanced PortfolioSM is referred to as the WealthBuilder Growth Balanced Portfolio, the Wells Fargo Advantage WealthBuilder Moderate Balanced PortfolioSM is referred to as the WealthBuilder Moderate Balanced Portfolio, the Wells Fargo Advantage WealthBuilder Tactical Equity PortfolioSM is referred to as the WealthBuilder Tactical Equity Portfolio, the Wells Fargo Advantage VT Discovery FundSM is referred to as the VT Discovery Fund, and the Wells Fargo Advantage VT Opportunity FundSM is referred to as the VT Opportunity Fund.
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 Fund seeks 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.
6 | Wells Fargo Advantage Funds Merger Fund Guide
Retail Separately Managed Accounts
As part of the merger of our organizations, the legacy Evergreen Investments separately managed accounts will be combined with the Wells Fargo separately managed accounts effective February 2010. The Golden Capital Management and MetWest Capital Management separately managed accounts will continue to operate autonomously. The following provides an overview of our Retail Separately Managed Account strategies lineup.
Surviving strategy is from Wells Fargo Funds Management Surviving strategy is from MetWest Capital Management
Surviving strategy is from Evergreen Investment Management Company Surviving strategy is from Golden Capital Management
Asset Class/ Proposed Wells Fargo Retail Separately Managed Account Lineup Asset Class/ Proposed Wells Fargo Retail Separately Managed Account Lineup
Category Subadvisor—Portfolio Manager(s) Category Subadvisor—Portfolio Manager(s)
EQUITY EQUITY continued
Large Fundamental Balanced Select Growth Small/SMID Fundamental SMID Growth
Growth Wells Capital Management—Pence, Bray Growth Wells Capital Management—Pence, et al.
Fundamental Large Cap Select Small Cap Growth
Wells Capital Management—Pence, et al. Wells Capital Management—Freeman, et al.
Large Cap Growth Small/Medium Growth
Wells Capital Management—Ognar, et al. Wells Capital Management—Ognar, et al.
Strategic Growth Small/SMID Small Cap Intrinsic Value
Wells Capital Management—Reid, et al. Value MetWest Capital Management—Sikka, et al.
Large Value International Core Value Small Cap Value
MetWest Capital Management—Gleicher, et al. Wells Capital Management—Rinaldi
Large Cap Intrinsic Value SMID Value
MetWest Capital Management—Gleicher, et al. Wells Capital Management—Rinaldi, et al.
Large Cap Value Small/SMID Small Cap Core
Cooke & Bieler—Eck, et al. Blend Golden Capital Management—Golden, et al.
Large Cap Value Balanced SMID Cap Core
MetWest Capital Management—Gleicher, et al. Golden Capital Management—Campbell, et al.
Large Blend Large Cap Core All Cap All Cap Growth
Golden Capital Management—Moser, et al. Growth Wells Capital Management—Ognar, et al.
Fundamental All Cap Growth
Large Cap Dividend Growth Wells Capital Management—Pence, et al.
Wells Capital Management—McCormick, et al.
All Cap Value All Cap Value
Social Sustainability Wells Capital Management—Miletti
Nelson Capital Management—Benner, et al.
All Cap Blend All Cap Core
Mid Growth Fundamental Mid Cap Growth Golden Capital Management—Campbell, et al.
Wells Capital Management—Pence, et al.
U.S. Equity All Cap
Fundamental Mid Cap Select Growth Wells Capital Management—Ognar, Tringas, et al.
Wells Capital Management—Pence, et al.
FIXED INCOME
Mid Blend Mid Cap Core Taxable CoreBuilder® Government Securities*
Golden Capital Management—Campbell, et al. Wells Capital Management—Bray
Tax-Free CoreBuilder® Municipal Income*
Wells Capital Management—Fitterer, Miller
National Tax-Exempt Fixed Income
Wells Capital Management—Van Poppel
*The CoreBuilder® Series G and Series M mutual funds are proposed to be available and offered only through sponsor firm platforms.
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
Wells Fargo Advantage Funds Merger Fund Guide | 7
Common Questions
To help provide you with additional detail about the impact of the proposed Wells Fargo Advantage Funds and Evergreen Funds merger, below are answers to some common questions. For the latest information, you can continue to rely on your current relationship contacts or service center at Wells Fargo Advantage Funds and Evergreen InvestmentsSM, as well as our respective Web sites, www.wellsfargo.com/advantagefunds and www.evergreeninvestments.com. Your financial advisor is also a good source of information.
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How will bringing together your two organizations benefit me? |
| Wells Fargo Advantage Funds and Evergreen Funds share a common vision of delivering the highest level of services available in the industry to our business partners, our clients, and our fund shareholders. Combined, we’ll be able to provide you with even greater scale and resources than are available to you today.
Our goal is to provide highly competitive investment solutions to help you succeed. In addition to mutual funds, you’ll have access to complementary solutions, such as separately managed accounts, education investment strategies, and retirement plans.
What’s more, because both our organizations share a common investment viewpoint, there’s a synergy that makes for a natural fit, offering you a clear basis of continuity. Our asset management platforms have been built around the belief that independent investment teams—each with its own distinct philosophies and processes—provide a superior level of expertise. Using its own proprietary research and analysis, each team is free to focus on results and concentrate on managing money. |
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How will the reorganization of the Wells Fargo Advantage Funds lineup affect the portfolio management teams? |
| As part of our product rationalization analysis, we performed an in-depth evaluation of our subadvisors. As a result, there will be some changes to investment teams and fund strategies. Also, many Evergreen Investments portfolio teams will join Wells Fargo and continue to manage their respective products, which will, upon approval, be branded Wells Fargo Advantage Funds. Please refer to the product mapping guide in the previous pages for additional descriptions of these changes.
In keeping with the Wells Fargo Advantage Funds and Evergreen Funds “multi-boutique” approach to asset management, all teams will continue to operate autonomously and work from their present locations using their respective unique investment philosophies, risk-management strategies, and security selection processes. |
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Whom should I work with now? |
| Until the merger of our two organizations is complete, both Wells Fargo Advantage Funds and Evergreen Funds will continue to be offered. As we noted earlier, for the latest news and information, you can continue to rely on your existing relationship contacts or your financial advisor, or check our respective company Web sites, www.wellsfargo.com/advantagefunds and www.evergreeninvestments.com. |
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8 | Wells Fargo Advantage Funds Merger Fund Guide |
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Can investors continue to invest in Evergreen Funds before consolidation with Wells Fargo Advantage Funds? |
| Yes. Shareholders and new investors can continue to invest until the merger date. | ||
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Will any funds be liquidated as a result of the merger of the fund families? |
| Yes. A limited number of funds will be discontinued. They are: the Evergreen Golden Mid Cap Core Fund, the Evergreen VA High Income Fund, the Evergreen VA Diversified Capital Builder Fund, the Evergreen VA Diversified Income Builder Fund, and the Wells Fargo Advantage VT Money Market Fund. | ||
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Will the new fund lineup result in changes to fees? |
| While the experiences of individual shareholders will differ, our proposed fund lineup has a highly competitive fee structure that, for many shareholders, is expected to result in a reduction of fund expenses. | ||
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How will fund shareholders be notified about the changes? |
| In January 2010, we will mail a prospectus supplement to all impacted fund shareholders, which will notify them of the proposed modifications to their fund investments. Proxies for the reorganization of our fund families are expected to be mailed to shareholders during the second quarter of 2010, with shareholder meetings to be held in early summer. | ||
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What are the expected key dates for the merger of the fund families? |
| Following is an overview of the events you should expect to occur over the next few months. | ||
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| Anticipated Time Frame for Upcoming Merger Activities | ||
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| April 2010 |
| Proxy voting materials mailed to all impacted fund shareholders |
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| June 2010 |
| Shareholder meeting held for final vote on reorganization proposals |
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| Mid-July 2010 |
| Merger of Evergreen Funds and Wells Fargo Advantage Funds is expected to be completed, and going forward, all Funds will be offered under the name Wells Fargo Advantage Funds, pending shareholder approval |
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Wells Fargo Advantage Funds Merger Fund Guide | 9 |
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| More information about Wells Fargo Advantage Funds® is available free upon request. To obtain literature, please write, e-mail, or call:
Wells Fargo Advantage Funds P.O. Box 8266 Boston, MA 02266-8266
E-mail: wfaf@wellsfargo.com Investment Professionals: 1-888-877-9275 Web site: www.wellsfargo.com/advantagefunds |
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Additional Information and Where to Find it
The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
In connection with the proposed shell reorganizations and mergers, the acquirer will file a prospectus/proxy statement with the Securities and Exchange Commission. All shareholders are advised to read the prospectus/proxy statement in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, fees, expenses, risk considerations, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the prospectus/proxy statement to its shareholders once it is declared effective by the Commission. Shareholders may obtain a free copy of the prospectus/proxy statement when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the prospectus/proxy statement, once available, may also be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, or at www.wellsfargo.com/advantagefunds or by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, or at www.evergreeninvestments.com. The target and the acquirer also file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in prospectus/proxy statement when it is filed with the Commission.
Stock fund values fluctuate in response to the activities of individual companies and general market and economic conditions. Bond fund 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 fund 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.
A portion of the municipal income funds’ 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.
The U.S. government guarantee applies to certain of the underlying securities and not to shares of the Funds.
For 529 plans, an investor’s or a designated beneficiary’s home state may offer state tax or other benefits that are only available for investments in that state’s qualified tuition program. Please consider this before investing.
Carefully consider the investment objectives, risks, charges, and expenses before investing. For a current prospectus for Wells Fargo Advantage Fundsor a current program description for certain 529 college savings plans, containing this and other information, visit www.wellsfargo.com/advantagefunds or www.evergreeninvestments.com for Evergreen Funds. Read the prospectus carefully before investing.
“Dow Jones” and “Dow Jones Target Date Indexes” are service marks of Dow Jones & Company, Inc., and have been licensed for use for certain purposes by Global Index Advisors, Inc., and Wells Fargo Funds Management, LLC. The Dow Jones Target Date Indexes are based in part on the Barclays Capital Bond Indexes, which are published by Barclays Capital, Inc. The Wells Fargo Advantage Dow Jones Target Date FundsSM, based on the Dow Jones Target Date Indexes, are not sponsored, endorsed, sold, or promoted by Dow Jones or Barclays Capital, and neither Dow Jones nor Barclays Capital makes any representation regarding the advisability of investing in such product(s) and/or about the quality, accuracy, and/or completeness of the Dow Jones Target Date Indexes or the Barclays Capital Bond Indexes. IN NO EVENT SHALL DOW JONES, BARCLAYS CAPITAL, OR ANY OF THEIR LICENSORS HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC.
Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, provides investment advisory and administrative services for Wells Fargo Managed Account Services and Wells Fargo Advantage Funds® and to certain 529 college savings plans. 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 FINRA/SIPC, an affiliate of Wells Fargo & Company. 119459 1-10
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| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
WELLS FARGO ADVANTAGE FUNDS
WELLS FARGO ADVANTAGE FUNDS®
Our Proposed Fund Lineup
2010 MERGER MONEY MARKET FUND GUIDE
Wells Fargo Advantage Funds
Wells Fargo Advantage Fundsskillfully guides institutions, financial advisors, and individuals through the investment terrain to help them reach their financial objectives. Everything we do on behalf of our investors is backed by our unique combination of qualifications.
Strength. Our organization is built on the standards of integrity and service established by our parent company—Wells Fargo & Company—more than 150 years ago. Our diverse family of mutual funds covers a broad spectrum of investment styles and asset classes. And, because we’re part of a widely diversified financial enterprise, we offer the scale and resources to help investors succeed, providing access to complementary solutions such as separately managed accounts, college investing plans, and retirement plans.
Expertise. Our approach to investing is guided by the belief that agile, independent investment teams—each with its own distinct strengths and disciplines—provide a superior level of insight and expertise. Each team is free to concentrate on managing money through well-defined philosophies and processes that have proven to be consistent and repeatable over time.
Partnership. Our collaborative approach is built around understanding the needs and goals of our clients. By adhering to core principles of sound judgment and steady guidance, we support you through every stage of the investment decision process.
Our Proposed Fund Lineup
Surviving strategy is from Wells Fargo Advantage Funds
Surviving strategy is from Evergreen Funds
Fund Reorganization Mapping
Asset Class/ Category
MONEY MARKET
Prime Money Market
Government Money Market
Tax-Free Money Market
Cash Investment Money Market
Heritage Money Market†
Overland Express Sweep†
Money Market
Money Market Trust
Prime Investment Money Market
Government Money Market
Treasury Plus Money Market
100% Treasury Money Market
California Municipal Money Market
California Municipal Money Market Trust
Minnesota Money Market
—
Municipal Money Market
National Tax-Free Money Market
National Tax-Free Money Market Trust
—
—
—
Current Evergreen Funds
—
Prime Cash Management Money Market
Institutional Money Market
Money Market
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—
U.S. Govt. Money Market
Institutional U.S. Govt. Money Market
Treasury Money Market
Institutional Treasury Money Market
Institutional 100% Treasury Money Market
California Municipal Money Market Trust
—
—
Institutional Municipal Money Market
Municipal Money Market
—
—
New Jersey Municipal Money Market
New York Municipal Money Market
Pennsylvania Municipal Money Market
Proposed Wells Fargo Advantage Funds Lineup
Subadvisor—Portfolio Manager(s)
Cash Investment Money Market
Wells Capital Management—Sylvester
Heritage Money Market
Wells Capital Management—Sylvester
Money Market
Wells Capital Management—Sylvester
Money Market Trust
Wells Capital Management—Sylvester
Prime Investment Money Market
Wells Capital Management—Sylvester
Government Money Market
Wells Capital Management—Sylvester
Treasury Plus Money Market
Wells Capital Management—Sylvester
100% Treasury Money Market
Wells Capital Management—Sylvester
California Municipal Money Market
(previous named California Tax-Free Money Market prior to 12-1-09)
Wells Capital Management—Kiselak
California Municipal Money Market Trust
(previously named California Tax-Free Money Market Trust prior to 12-1-09)
Wells Capital Management—Kiselak
Minnesota Money Market
Wells Capital Management—Kiselak
Municipal Cash Management Money Market
(previously named Institutional Municipal Money Market)
Wells Capital Management—Kiselak
Municipal Money Market
Wells Capital Management—Kiselak
National Tax-Free Money Market
Wells Capital Management—Kiselak
National Tax-Free Money Market Trust
Wells Capital Management—Kiselak
New Jersey Municipal Money Market
Wells Capital Management—Kiselak
New York Municipal Money Market
Wells Capital Management—Kiselak
Pennsylvania Municipal Money Market
Wells Capital Management—Kiselak
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or
www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
† In this document, the Wells Fargo Advantage Heritage Money Market FundSM is referred to as the Heritage Money Market Fund, and the Wells Fargo Advantage Overland Express Sweep FundSM is referred to as the Overland Express Sweep Fund.
Wells Fargo Advantage Funds Merger Fund Guide | 1
Common Questions
To help provide you with additional detail about the impact of the proposed Wells Fargo Advantage Funds and Evergreen Funds merger, below are answers to some common questions. For the latest information, you can continue to rely on your current relationship contacts at Wells Fargo Advantage Funds and Evergreen InvestmentsSM, as well as our respective Web sites, www.wellsfargo.com/advantagefunds and www.evergreeninvestments.com.
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|
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|
|
How will bringing together your two organizations benefit me? |
| Wells Fargo Advantage Funds and Evergreen Funds share a common vision of delivering the highest level of services available in the industry to our business partners, our clients, and our fund shareholders. Combined, we’ll be able to provide you and your clients with even greater scale and resources than are available to you today.
Our goal is to provide highly competitive investment solutions to help you and your clients succeed. In addition to mutual funds, you’ll have access to complementary solutions, such as separately managed accounts, education investment strategies, and retirement plans.
What’s more, because both our organizations share a common investment viewpoint, there’s a synergy that makes for a natural fit, offering you and your clients a clear basis of continuity. Our asset management platforms have been built around the belief that independent investment teams—each with its own distinct philosophies and processes—provide a superior level of expertise. Using its own proprietary research and analysis, each team is free to focus on results and concentrate on managing money. | ||
|
| |||
Whom should I work with now? |
| Until the merger of our two organizations is complete, both Wells Fargo Advantage Funds and Evergreen Funds will continue to be offered. As we noted earlier, for the latest news and information, you can continue to rely on your existing relationship contacts, or check our respective company Web sites, www.wellsfargo.com/advantagefunds and www.evergreeninvestments.com. | ||
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Can investors continue to invest in Evergreen Funds before consolidation with Wells Fargo Advantage Funds? |
| Yes. Shareholders and new investors can continue to invest until the merger date. | ||
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Will any money market funds be liquidated as a result of the fund families merger? |
| Yes. One money market fund will be discontinued: the Wells Fargo Advantage VT Money Market Fund. | ||
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2 | Wells Fargo Advantage Funds Merger Fund Guide |
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Will the new fund lineup result in changes to fees? |
| While the experiences of individual shareholders will differ, our proposed fund lineup has a highly competitive fee structure that, for many shareholders, is expected to result in a reduction of fund expenses. | ||
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How will fund shareholders be notified about the changes? |
| In January 2010, we will mail a prospectus supplement to all impacted fund shareholders, which will notify them of the proposed modifications to their fund investments. Proxies for the reorganizations of our fund families are expected to be mailed to shareholders during the second quarter of 2010, with shareholder meetings to be held in early summer. | ||
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| |||
What are the expected key dates for the merger of the fund families? |
| Following is an overview of the events you and your clients should expect to occur over the next few months. | ||
|
| |||
|
| Anticipated Time Frame for Upcoming Merger Activities | ||
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|
| ||
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| April 2010 |
| Proxy voting materials mailed to all impacted fund shareholders |
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| June 2010 |
| Shareholder meeting held for final vote on reorganization proposals |
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| Mid-July 2010 |
| Merger of Evergreen Funds and Wells Fargo Advantage Funds is expected to be completed, and going forward, all Funds will be offered under the name Wells Fargo Advantage Funds, pending shareholder approval |
|
Wells Fargo Advantage Funds Merger Fund Guide | 3 |
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| More information about Wells Fargo Advantage Funds® is available free upon request. To obtain literature, please write, e-mail, or call:
Wells Fargo Advantage Funds P.O. Box 8266 Boston, MA 02266-8266
E-mail: wfaf@wellsfargo.com Investment Professionals: 1-888-877-9275 Web site: www.wellsfargo.com/advantagefunds |
Additional Information and Where to Find it
The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
In connection with the proposed shell reorganizations and mergers, the acquirer will file a prospectus/proxy statement with the Securities and Exchange Commission. All shareholders are advised to read the prospectus/proxy statement in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, fees, expenses, risk considerations, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the prospectus/proxy statement to its shareholders once it is declared effective by the Commission. Shareholders may obtain a free copy of the prospectus/proxy statement when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the prospectus/proxy statement, once available, may also be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, or at www.wellsfargo.com/advantagefunds or by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, or at www.evergreeninvestments.com. The target and the acquirer also file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in prospectus/proxy statement when it is filed with the Commission.
Mutual fund investing involves risks, including the possible loss of principal. Consult a Fund’s prospectus for additional information on risks.
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 Fund seeks 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.
For 529 plans, an investor’s or a designated beneficiary’s home state may offer state tax or other benefits that are only available for investments in that state’s qualified tuition program. Please consider this before investing.
Carefully consider the investment objectives, risks, charges, and expenses before investing. For a current prospectus for Wells Fargo Advantage Funds or a current program description for certain 529 college savings plans, containing this and other information, visit www.wellsfargo.com/advantagefunds or www.evergreeninvestments.com for Evergreen Funds. Read the prospectus carefully before investing.
A portion of the municipal income funds’ 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.
The U.S. government guarantee applies to certain underlying securities and not to shares of the Funds.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC.
Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, provides investment advisory and administrative services for Wells Fargo Managed Account Services and Wells Fargo Advantage Funds® and to certain 529 college savings plans. 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 FINRA/SIPC, an affiliate of Wells Fargo & Company. 116127 1-10
© 2010 Wells Fargo Funds Management, LLC. All rights reserved.
WELLS FARGO ADVANTAGE FUNDS
WELLS FARGO ADVANTAGE FUNDS®
Our Proposed Fund Lineup
2010 MERGER FUND GUIDE
Wells Fargo Advantage Funds
Wells Fargo Advantage Fundsskillfully guides institutions, financial advisors, and individuals through the investment terrain to help them reach their financial objectives. Everything we do on behalf of our investors is backed by our unique combination of qualifications.
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|
Strength. Our organization is built on the standards of integrity and service established by our parent company—Wells Fargo & Company—more than 150 years ago. Our diverse family of mutual funds covers a broad spectrum of investment styles and asset classes. And, because we’re part of a widely diversified financial enterprise, we offer the scale and resources to help investors succeed, providing access to complementary solutions such as separately managed accounts, college investing plans, and retirement plans.
Expertise. Our approach to investing is guided by the belief that agile, independent investment teams—each with its own distinct strengths and disciplines—provide a superior level of insight and expertise. Each team is free to concentrate on managing money through well-defined philosophies and processes that have proven to be consistent and repeatable over time.
Partnership. Our collaborative approach is built around understanding the needs and goals of our clients. By adhering to core principles of sound judgment and steady guidance, we support you through every stage of the investment decision process.
Our Proposed Fund Lineup
Fund Reorganization Mapping
Surviving strategy is from Wells Fargo Advantage Funds
Surviving strategy is from Evergreen Funds
Asset Class/Category Current Wells Fargo Advantage Funds Current Evergreen Funds Proposed Wells Fargo Advantage Funds Lineup
Subadvisor—Portfolio Manager(s)
EQUITY
Large Growth Capital Growth — Capital Growth
Large Cap Appreciation Wells Capital Management—Pence, Harris
Endeavor Select† —
Endeavor Select
Wells Capital Management—Pence, Harris
Growth —
Growth
Wells Capital Management—Ognar, Olson, Eberhardy
Large Cap Growth —
Large Cap Growth
Wells Capital Management—Ognar, Olson, Eberhardy
— Omega
Omega Growth
(previously named Omega)
Wells Capital Management—Hamzaogullari
Large Company Growth Large Company Growth
Premier Large Company Growth
(previously named Large Company Growth)
Wells Capital Management—Hamzaogullari
— Strategic Growth
Strategic Large Cap Growth
(previously named Strategic Growth)
Wells Capital Management—Reid, Chow, Zelko
Large Value C&B Large Cap Value —
C&B Large Cap Value
Cooke & Bieler—O’Connor, Lyons, Eck, Trivedi, Meyer, O’Neil, Heitman
Specialized Financial Services Equity Income
Classic Value
(previously named Equity Income)
Wells Capital Management—McCormick, Mishuris
Equity Income
U.S. Value
Disciplined Value
Disciplined Value
Wells Capital Management—Zieff
Equity Value —
Equity Value
Systematic—McCreesh, Mushock
— Intrinsic Value
Intrinsic Value
MetWest Capital Management—Gleicher, Lisenbee, Graham, Peck
Large Company Value —
Large Company Value
Phocas—Block, Schaff
Large Blend Core Equity
— Fundamental Large Cap (previously named Fundamental Large Cap)
Wells Capital Management—McCormick, Sanders
Disciplined U.S. Core
— Enhanced S&P 500 (previously named Enhanced S&P 500)
Wells Capital Management—Zieff
Diversified Equity
Growth Equity —
Diversified Equity
Multi—Owen, Biwer, Chan
Index Equity Index
Index
Wells Capital Management—Zieff
Large Company Core Golden Large Cap Core
Large Cap Core
(previously named Golden Large Cap Core)
Golden Capital Management—Moser
Social Sustainability† —
Social Sustainability
Nelson Capital Management—Benner, Kurtz
Mid Growth Discovery
Discovery† —
Wells Capital Management—Pence, Leach
Enterprise† —
Enterprise
Wells Capital Management—Pence, Leach
— Small-Mid Growth
Growth Opportunities
(previously named Small-Mid Growth)
Wells Capital Management—Philpott, Roberts
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
Wells Fargo Advantage Funds Merger Fund Guide | 1
Fund Reorganization Mapping
Surviving strategy is from Wells Fargo Advantage Funds
Surviving strategy is from Evergreen Funds
Asset Class/Category Current Wells Fargo Advantage Funds Current Evergreen Funds Proposed Wells Fargo Advantage Funds Lineup
Subadvisor—Portfolio Manager(s)
EQUITY continued
Mid Growth continued Mid Cap Growth
Mid Cap Growth Mid Cap Growth Wells Capital Management—Philpott, Roberts
Mid Value
C&B Mid Cap Value —
C&B Mid Cap Value
Cooke & Bieler—O’Connor, Lyons, Eck, Trivedi, Meyer, O’Neil, Heitman
Mid Cap Disciplined Fundamental Mid Cap Value
Special Mid Cap Value (previously named Mid Cap Disciplined)
Wells Capital Management—Tringas, VanCronkhite
Mid Blend
Common Stock —
Common Stock
Wells Capital Management—Miletti
Opportunity† —
Opportunity
Wells Capital Management—Miletti
— Golden Core Opportunities
Small/Mid Cap Core
(previously named Golden Core Opportunities)
Golden Capital Management—Campbell
Small Growth Emerging Growth —
Emerging Growth
Wells Capital Management—Sikka, Pect, Alvarez
Small Cap Growth —
Small Cap Growth
Wells Capital Management—Philpott, Roberts
Small Company Growth —
Small Company Growth
Peregrine—Grierson, Hagen, Mersky, Ross, von Kuster
— Growth
Traditional Small Cap Growth
(previously named Growth)
Wells Capital Management—Drummond, Freeman, Carder, Harrison, Rick
Small Value
Small Cap Disciplined — Intrinsic Small Cap Value (previously named Small Cap Disciplined)
MetWest Capital Management—Gleicher, Lisenbee, Graham, Peck
Small Cap Value —
Small Cap Value
Wells Capital Management—Rinaldi
Small Company Value —
Small Company Value
Peregrine—Ballsrud, Pugh, Coin
Small/Mid Cap Value —
Small/Mid Cap Value
Wells Capital Management—Rinaldi, Astheimer, Schneider
Special Values
— Small Cap Value
Special Small Cap Value
(previously named Special Values)
Wells Capital Management—Tringas
Small Blend Diversified Small Cap
Diversified Small Cap —
Multi—Chan, Owen, Biwer
Small Cap Opportunities
Small Cap Opportunities —
Schroder—Jones
International Asia Pacific
Asia Pacific —
Wells Capital Management—Cragg
Disciplined Global Equity
— Global Large Cap Equity (previously named Global Large Cap Equity)
Wells Capital Management—Zieff
Emerging Markets Equity
Emerging Markets Equity Emerging Markets Growth (previously named Emerging Markets Growth)
Wells Capital Management—Zhang
Global Opportunities
— Global Opportunities
Wells Capital Management—Claro, Tringas
International Equity
International Core International Equity (previously named International Core)
Wells Capital Management—Claro
Diversified International
International Equity — (previously named International Equity)
Multi—Yockey, Lakonishok, Vermeulen, Mansharamani, Claro
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
2 | Wells Fargo Advantage Funds Merger Fund Guide
Surviving strategy is from Wells Fargo Advantage Funds
Fund Reorganization Mapping Surviving strategy is from Evergreen Funds
Asset Class/ Current Wells Fargo Current Proposed Wells Fargo Advantage Funds Lineup
Category Advantage Funds Evergreen Funds Subadvisor—Portfolio Manager(s)
EQUITY continued
International continued International Value —
International Value LSV—Lakonishok, Vermeulen, Mansharamani
Intrinsic World Equity
— Intrinsic World Equity
MetWest Capital Management—Gleicher, Lisenbee, Graham, Peck
SPECIALTY
Health Care
— Health Care
Wells Capital Management—Junkin
Precious Metals
— Precious Metals
Wells Capital Management—Bradshaw
Specialized Technology
Specialized Technology —
RCM Capital Management—Chen, Price
Utility and Telecommunications
— Utility and Telecommunications Crow Point Partners—O’Brien
FIXED INCOME
Tax-Free National Intermediate Tax/AMT-Free
Intermediate Municipal Bond Intermediate Tax/AMT-Free
Wells Capital Management—Fitterer, Kiselak, Miller
Municipal Bond
High Income Municipal Bond Municipal Bond
Municipal Bond
Wells Capital Management—Fitterer, Kiselak, Miller
Short-Term Municipal Bond Short-Intermediate Municipal Bond
Short-Term Municipal Bond Wells Capital Management—Casetta, Fitterer
Strategic Municipal Bond
— Strategic Municipal Bond
Wells Capital Management—Bonilla, Fitterer, Kiselak
Ultra Short-Term Ultra Short-Term Municipal Income
—
Municipal Income Wells Capital Management—Bonilla, Casetta, Fitterer
Tax-Free California Limited-Term California Limited-Term Tax-Free
Single State Tax-Free — Wells Capital Management—Galiani, Van Poppel
California Tax-Free
California Tax-Free California Municipal Bond
Wells Capital Management—Galiani, Van Poppel
Colorado Tax-Free
Colorado Tax-Free —
Wells Capital Management—Galiani, Van Poppel
Minnesota Tax-Free
Minnesota Tax-Free —
Wells Capital Management—Bonilla, Casetta, Van Poppel
North Carolina Tax-Free
North Carolina
— (previously named North Carolina Municipal Bond)
Municipal Bond Wells Capital Management—Kiselak, Miller
Pennsylvania Tax-Free
Pennsylvania
— (previously named Pennsylvania Municipal Bond)
Municipal Bond Wells Capital Management—Kiselak, Miller
Wisconsin Tax-Free
Wisconsin Tax-Free —
Wells Capital Management—Fitterer, Stoeckmann
Taxable Short Adjustable Rate Government
— Adjustable Rate (previously named Adjustable Rate)
Wells Capital Management—Applebach, Kauffman
Short Duration Short Duration Government Bond
—
Government Bond Wells Capital Management—O’Connor
Short-Term Bond
Short-Term Bond —
Wells Capital Management—Mueller, Rilling
Short-Term High Yield Bond
Short-Term High Yield Bond —
Wells Capital Management—Maas, Price, Schueller
Ultra Short-Term Income Ultra Short-Term Income
—
Stable Income Wells Capital Management—Mueller, Newton, Price
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
Wells Fargo Advantage Funds Merger Fund Guide | 3
Surviving strategy is from Wells Fargo Advantage Funds
Fund Reorganization Mapping Surviving strategy is from Evergreen Funds
Asset Class/Category Current Wells Fargo Advantage Funds Current Evergreen Funds Proposed Wells Fargo Advantage Funds Lineup Subadvisor—Portfolio Manager(s)
FIXED INCOME continued
Taxable Intermediate and Long Government Securities U.S. Government Government Securities Wells Capital Management—Bray, Mueller
High Income Strategic Income — High Income Wells Capital Management—Maas, Price, Schueller
— High Income High Yield Bond (previously named High Income) Wells Capital Management—Nordenfelt, Susser
Income Plus Core Plus Bond Income Plus Wells Capital Management—Bray, Newton, Price, Rilling
Inflation-Protected Bond — Inflation-Protected Bond Wells Capital Management—Bray, Mueller
— International Bond International Bond First International Advisors—Lee, Norris, Perrin, Wilson
Total Return Bond Diversified Bond Core Bond Short Intermediate Bond Total Return Bond Wells Capital Management—Ludgood, O’Connor
ASSET ALLOCATION
Asset Allocation — Asset Allocation Asset Allocation GMO—Inker
Conservative Allocation — Conservative Allocation Multi—Mellas, Beath, Blomster, Owen, Biwer, Chan
— Diversified Capital Builder Diversified Capital Builder Wells Capital Management—Patel
— Diversified Income Builder Diversified Income Builder Wells Capital Management—Patel
Growth Balanced Aggressive Allocation — Growth Balanced Multi—Mellas, Beath, Blomster, Owen, Biwer, Chan
Asset Allocation — Index Asset Allocation (previously named Asset Allocation) Wells Capital Management—Mellas, Blomster, Genung
Moderate Balanced — Moderate Balanced Multi—Mellas, Beath, Blomster, Owen, Biwer, Chan
Target Today Fund† — Target Today Fund Global Index Advisors—Alldredge, Daniels, Lauder
Target 2010 Fund† — Target 2010 Fund Global Index Advisors—Alldredge, Daniels, Lauder
Target 2015 Fund† — Target 2015 Fund Global Index Advisors—Alldredge, Daniels, Lauder
Target 2020 Fund† — Target 2020 Fund Global Index Advisors—Alldredge, Daniels, Lauder
Target 2025 Fund† — Target 2025 Fund Global Index Advisors—Alldredge, Daniels, Lauder
Target 2030 Fund† — Target 2030 Fund Global Index Advisors—Alldredge, Daniels, Lauder
Target 2035 Fund† — Target 2035 Fund Global Index Advisors—Alldredge, Daniels, Lauder
Target 2040 Fund† — Target 2040 Fund Global Index Advisors—Alldredge, Daniels, Lauder
Target 2045 Fund† — Target 2045 Fund Global Index Advisors—Alldredge, Daniels, Lauder
Target 2050 Fund† — Target 2050 Fund Global Index Advisors—Alldredge, Daniels, Lauder
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
4 | Wells Fargo Advantage Funds Merger Fund Guide
Fund Reorganization Mapping
Surviving strategy is from Wells Fargo Advantage Funds
Surviving strategy is from Evergreen Funds
Asset Class/Category
Current Wells Fargo Advantage Funds
Current Evergreen Funds
Proposed Wells Fargo Advantage Funds Lineup
Subadvisor—Portfolio Manager(s)
ASSET ALLOCATION continued
Fund of Funds
WealthBuilder Conservative Allocation Portfolio† —
WealthBuilder Conservative Allocation Portfolio
Wells Capital Management—Mellas, Beath, Bocray
WealthBuilder Equity Portfolio† —
WealthBuilder Equity Portfolio —
Wells Capital Management—Mellas, Beath, Bocray
WealthBuilder Growth Allocation Portfolio† —
WealthBuilder Growth Allocation Portfolio
Wells Capital Management—Mellas, Beath, Bocray
WealthBuilder Growth Balanced Portfolio† —
WealthBuilder Growth Balanced Portfolio
Wells Capital Management—Mellas, Beath, Bocray
WealthBuilder Moderate Balanced Portfolio† —
WealthBuilder Moderate Balanced Portfolio
Wells Capital Management—Mellas, Beath, Bocray
WealthBuilder Tactical Equity Portfolio† WealthBuilder Tactical Equity Portfolio
Wells Capital Management—Mellas, Beath, Bocray
MONEY MARKET
Prime Money Market
Cash Investment Money Market —
Cash Investment Money Market
Wells Capital Management—Sylvester
Heritage Money Market†
Prime Cash Management Money Market
Heritage Money Market
Wells Capital Management—Sylvester
Institutional Money Market
Overland Express Sweep†
Money Market
Money Market
Money Market
Wells Capital Management—Sylvester
Money Market Trust —
Money Market Trust
Wells Capital Management—Sylvester
Prime Investment Money Market —
Prime Investment Money Market
Wells Capital Management—Sylvester
Government Money Market
Government Money Market
U.S. Govt. Money Market
Government Money Market
Wells Capital Management—Sylvester
Institutional U.S. Govt. Money Market
Treasury Plus Money Market
Treasury Money Market
Institutional Treasury Money Market
Treasury Plus Money Market
Wells Capital Management—Sylvester
100% Treasury Money Market
Institutional 100% Treasury Money Market
100% Treasury Money Market
Wells Capital Management—Sylvester
Tax-Free Money Market
California Municipal Money Market
California Municipal Money Market
California Municipal Money Market
(previously named California Tax-Free Money Market prior to 12-1-09)
Wells Capital Management—Kiselak
California Municipal Money Market Trust —
California Municipal Money Market Trust
(previously named California Tax-Free Money Market Trust prior to 12-1-09)
Wells Capital Management—Kiselak
Minnesota Money Market —
Minnesota Money Market
Wells Capital Management—Kiselak
— Institutional Municipal Money Market
Municipal Cash Management Money Market
(previously named Institutional Municipal Money Market)
Wells Capital Management—Kiselak
Municipal Money Market
Municipal Money Market
Municipal Money Market
Wells Capital Management—Kiselak
National Tax-Free Money Market —
National Tax-Free Money Market
Wells Capital Management—Kiselak
National Tax-Free Money Market Trust —
National Tax-Free Money Market Trust
Wells Capital Management—Kiselak
— New Jersey Municipal Money Market
New Jersey Municipal Money Market
Wells Capital Management—Kiselak
— New York Municipal Money Market
New York Municipal Money Market
Wells Capital Management—Kiselak
— Pennsylvania Municipal Money Market
Pennsylvania Municipal Money Market
Wells Capital Management—Kiselak
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
Wells Fargo Advantage Funds Merger Fund Guide | 5
Fund Reorganization Mapping
Surviving strategy is from Wells Fargo Advantage Funds
Surviving strategy is from Evergreen Funds
Asset Class/ Category
Current Wells Fargo Advantage Funds
Current Evergreen Funds
Proposed Wells Fargo Advantage Funds Lineup
Subadvisor—Portfolio Manager(s)
VARIABLE TRUST
VT Large Company Core
VA Fundamental Large Cap
VT Core Equity
(previously named VA Fundamental Large Cap)
Wells Capital Management—McCormick, Sanders
VT Discovery† —
VT Discovery
Wells Capital Management—Pence, Leach
VT Asset Allocation —
VT Index Asset Allocation
(previously named VT Asset Allocation)
Wells Capital Management—Mellas, Blomster, Genung
VT International Core
VA International Equity
VT International Equity
(previously named VT International Core)
Wells Capital Management—Claro
VT C&B Large Cap Value
VT Equity Income —
VT Intrinsic Value
(previously named VT Equity Income)
MetWest Capital Management—Gleicher, Lisenbee, Graham, Peck
VT Large Company Growth
VA Omega
VT Omega Growth
(previously named VA Omega)
Wells Capital Management—Hamzaogullari
VT Opportunity† —
VT Opportunity
Wells Capital Management—Miletti
VT Small Cap Growth
VA Growth
VT Small Cap Growth
Wells Capital Management—Philpott, Roberts
VT Small/Mid Cap Value
VA Special Values
VT Small Cap Value
(previously named VT Small/Mid Cap Value)
Wells Capital Management—Rinaldi
VT Total Return Bond
VA Core Bond
VT Total Return Bond
Wells Capital Management—Ludgood, O’Connor
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
†In this document, the Wells Fargo Advantage Endeavor Select FundSM is referred to as the Endeavor Select Fund, the Wells Fargo Advantage Social Sustainability FundSM is referred to as the Social Sustainability Fund, the Wells Fargo Advantage Discovery FundSM is referred to as the Discovery Fund, the Wells Fargo Advantage Enterprise FundSM is referred to as the Enterprise Fund, the Wells Fargo Advantage Opportunity FundSM is referred to as the Opportunity Fund, the Wells Fargo Advantage Heritage Money Market FundSM is referred to as the Heritage Money Market Fund, the Wells Fargo Advantage Overland Express Sweep FundSM is referred to as the Overland Express Sweep Fund, the Wells Fargo Advantage Dow Jones Target Today FundSM is referred to as the Target Today Fund, the Wells Fargo Advantage Dow Jones Target 2010 FundSM is referred to as the Target 2010 Fund, the Wells Fargo Advantage Dow Jones Target 2015 FundSM is referred to as the Target 2015 Fund, the Wells Fargo Advantage Dow Jones Target 2020 FundSM is referred to as the Target 2020 Fund, the Wells Fargo Advantage Dow Jones Target 2025 FundSM is referred to as the Target 2025 Fund, the Wells Fargo Advantage Dow Jones Target 2030 FundSM is referred to as the Target 2030 Fund, the Wells Fargo Advantage Dow Jones Target 2035 FundSM is referred to as the Target 2035 Fund, the Wells Fargo Advantage Dow Jones Target 2040 FundSM is referred to as the Target 2040 Fund, the Wells Fargo Advantage Dow Jones Target 2045 FundSM is referred to as the Target 2045 Fund, the Wells Fargo Advantage Dow Jones Target 2050 FundSM is referred to as the Target 2050 Fund, the Wells Fargo Advantage WealthBuilder Conservative Allocation PortfolioSM is referred to as the WealthBuilder Conservative Allocation Portfolio, the Wells Fargo Advantage WealthBuilder Equity PortfolioSM is referred to as the WealthBuilder Equity Portfolio, the Wells Fargo Advantage WealthBuilder Growth Allocation PortfolioSM is referred to as the WealthBuilder Growth Allocation Portfolio, the Wells Fargo Advantage WealthBuilder Growth Balanced PortfolioSM is referred to as the WealthBuilder Growth Balanced Portfolio, the Wells Fargo Advantage WealthBuilder Moderate Balanced PortfolioSM is referred to as the WealthBuilder Moderate Balanced Portfolio, the Wells Fargo Advantage WealthBuilder Tactical Equity PortfolioSM is referred to as the WealthBuilder Tactical Equity Portfolio, the Wells Fargo Advantage VT Discovery FundSM is referred to as the VT Discovery Fund, and the Wells Fargo Advantage VT Opportunity FundSM is referred to as the VT Opportunity Fund.
6 | Wells Fargo Advantage Funds Merger Fund Guide
Retail Separately Managed Accounts
As part of the merger of our organizations, the legacy Evergreen Investments separately managed accounts will be combined with the Wells Fargo separately managed accounts effective February 2010. The Golden Capital Management and MetWest Capital Management separately managed accounts will continue to operate autonomously. The following provides an overview of our Retail Separately Managed Account strategies lineup.
Surviving strategy is from Wells Fargo Funds Management
Surviving strategy is from Evergreen Investment Management Company
Asset Class/Category Proposed Wells Fargo Retail Separately Managed Account Lineup
Subadvisor—Portfolio Manager(s)
EQUITY
Large Growth Fundamental Balanced Select Growth Wells Capital Management—Pence, Bray
Fundamental Large Cap Select Wells Capital Management—Pence, et al.
Large Cap Growth Wells Capital Management—Ognar, et al.
Strategic Growth Wells Capital Management—Reid, et al.
Large Value
International Core Value MetWest Capital Management—Gleicher, et al.
Large Cap Intrinsic Value MetWest Capital Management—Gleicher, et al.
Large Cap Value Cooke & Bieler—Eck, et al.
Large Cap Value Balanced MetWest Capital Management—Gleicher, et al.
Large Blend Large Cap Core Golden Capital Management—Moser, et al.
Large Cap Dividend Growth Wells Capital Management—McCormick, et al.
Social Sustainability Nelson Capital Management—Benner, et al.
Mid Growth Fundamental Mid Cap Growth Wells Capital Management—Pence, et al.
Fundamental Mid Cap Select Growth Wells Capital Management—Pence, et al.
Mid Blend Mid Cap Core Golden Capital Management—Campbell, et al.
Surviving strategy is from MetWest Capital Management
Surviving strategy is from Golden Capital Management
Asset Class/Category Proposed Wells Fargo Retail Separately Managed Account Lineup Subadvisor—Portfolio Manager(s)
EQUITY continued
Small/SMID Growth Fundamental SMID Growth Wells Capital Management—Pence, et al.
Small Cap Growth Wells Capital Management—Freeman, et al.
Small/Medium Growth Wells Capital Management—Ognar, et al.
Small/SMID Value Small Cap Intrinsic Value MetWest Capital Management—Sikka, et al.
Small Cap Value Wells Capital Management—Rinaldi
SMID Value Wells Capital Management—Rinaldi, et al.
Small/SMID Blend Small Cap Core Golden Capital Management—Golden, et al.
SMID Cap Core Golden Capital Management—Campbell, et al.
All Cap Growth All Cap Growth Wells Capital Management—Ognar, et al.
Fundamental All Cap Growth Wells Capital Management—Pence, et al.
All Cap Value All Cap Value Wells Capital Management—Miletti
All Cap Blend All Cap Core Golden Capital Management—Campbell, et al.
U.S. Equity All Cap Wells Capital Management—Ognar, Tringas, et al.
FIXED INCOME
Taxable CoreBuilder® Government Securities* Wells Capital Management—Bray
Tax-Free CoreBuilder® Municipal Income* Wells Capital Management—Fitterer, Miller
National Tax-Exempt Fixed Income Wells Capital Management—Van Poppel
*The CoreBuilder® Series G and Series M mutual funds are proposed to be available and offered only through sponsor firm platforms.
For more detailed information, visit www.wellsfargo.com/advantagefunds > Integration News or www.evergreeninvestments.com > Integration News and click on our interactive fund mapping tool.
Wells Fargo Advantage Funds Merger Fund Guide | 7
Common Questions
To help provide you with additional detail about the impact of the proposed Wells Fargo Advantage Funds and Evergreen Funds merger, below are answers to some common questions. For the latest information, you can continue to rely on your current relationship contacts or service center at Wells Fargo Advantage Funds and Evergreen InvestmentsSM, as well as our respective Web sites, www.wellsfargo.com/advantagefunds and www.evergreeninvestments.com. Your financial advisor is also a good source of information.
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How will bringing together your two organizations benefit me? |
| Wells Fargo Advantage Funds and Evergreen Funds share a common vision of delivering the highest level of services available in the industry to our business partners, our clients, and our fund shareholders. Combined, we’ll be able to provide you with even greater scale and resources than are available to you today. |
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| Our goal is to provide highly competitive investment solutions to help you succeed. In addition to mutual funds, you’ll have access to complementary solutions, such as separately managed accounts, education investment strategies, and retirement plans. |
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| What’s more, because both our organizations share a common investment viewpoint, there’s a synergy that makes for a natural fit, offering you a clear basis of continuity. Our asset management platforms have been built around the belief that independent investment teams—each with its own distinct philosophies and processes—provide a superior level of expertise. Using its own proprietary research and analysis, each team is free to focus on results and concentrate on managing money. |
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How will the reorganization of the Wells Fargo Advantage Funds lineup affect the portfolio management teams? |
| As part of our product rationalization analysis, we performed an in-depth evaluation of our subadvisors. As a result, there will be some changes to investment teams and fund strategies. Also, many Evergreen Investments portfolio teams will join Wells Fargo and continue to manage their respective products, which will, upon approval, be branded Wells Fargo Advantage Funds. Please refer to the product mapping guide in the previous pages for additional descriptions of these changes. |
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| In keeping with the Wells Fargo Advantage Funds and Evergreen Funds “multi-boutique” approach to asset management, all teams will continue to operate autonomously and work from their present locations using their respective unique investment philosophies, risk-management strategies, and security selection processes. |
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Whom should I work with now? |
| Until the merger of our two organizations is complete, both Wells Fargo Advantage Funds and Evergreen Funds will continue to be offered. As we noted earlier, for the latest news and information, you can continue to rely on your existing relationship contacts or your financial advisor, or check our respective company Web sites, www.wellsfargo.com/advantagefunds and www.evergreeninvestments.com. |
8| Wells Fargo Advantage Funds Merger Fund Guide
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Can investors continue to invest in Evergreen Funds before consolidation with Wells Fargo Advantage Funds? |
| Yes. Shareholders and new investors can continue to invest until the merger date. | ||
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Will any funds be liquidated as a result of the merger of the fund families? |
| Yes. A limited number of funds will be discontinued. They are: the Evergreen Golden Mid Cap Core Fund, the Evergreen VA High Income Fund, the Evergreen VA Diversified Capital Builder Fund, the Evergreen VA Diversified Income Builder Fund, and the Wells Fargo Advantage VT Money Market Fund. | ||
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Will the new fund lineup result in changes to fees? |
| While the experiences of individual shareholders will differ, our proposed fund lineup has a highly competitive fee structure that, for many shareholders, is expected to result in a reduction of fund expenses. | ||
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How will fund shareholders be notified about the changes? |
| In January 2010, we will mail a prospectus supplement to all impacted fund shareholders, which will notify them of the proposed modifications to their fund investments. Proxies for the reorganization of our fund families are expected to be mailed to shareholders during the second quarter of 2010, with shareholder meetings to be held in early summer. | ||
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What are the expected key dates for the merger of the fund families? |
| Following is an overview of the events you should expect to occur over the next few months. | ||
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| Anticipated Time Frame for Upcoming Merger Activities | ||
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| April 2010 |
| Proxy voting materials mailed to all impacted fund shareholders |
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| June 2010 |
| Shareholder meeting held for final vote on reorganization proposals |
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| Mid-July 2010 |
| Merger of Evergreen Funds and Wells Fargo Advantage Funds is expected to be completed, and going forward, all Funds will be offered under the name Wells Fargo Advantage Funds, pending shareholder approval |
Wells Fargo Advantage Funds Merger Fund Guide | 9
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| More information about Wells Fargo Advantage Funds® is available free upon request. To obtain literature, please write, e-mail, or call:
Wells Fargo Advantage Funds P.O. Box 8266 Boston, MA 02266-8266
E-mail: wfaf@wellsfargo.com Investment Professionals: 1-888-877-9275 Web site: www.wellsfargo.com/advantagefunds |
Additional Information and Where to Find it
The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
In connection with the proposed shell reorganizations and mergers, the acquirer will file a prospectus/proxy statement with the Securities and Exchange Commission. All shareholders are advised to read the prospectus/proxy statement in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, fees, expenses, risk considerations, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the prospectus/proxy statement to its shareholders once it is declared effective by the Commission. Shareholders may obtain a free copy of the prospectus/proxy statement when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the prospectus/proxy statement, once available, may also be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, or at www.wellsfargo.com/advantagefunds or by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, or at www.evergreeninvestments.com. The target and the acquirer also file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in prospectus/proxy statement when it is filed with the Commission.
Mutual fund investing involves risks, including the possible loss of principal. Consult a Fund’s prospectus for additional information on risks.
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 Fund seeks 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.
A portion of the municipal income funds’ 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.
The U.S. government guarantee applies to certain of the underlying securities and not to shares of the Funds.
For 529 plans, an investor’s or a designated beneficiary’s home state may offer state tax or other benefits that are only available for investments in that state’s qualified tuition program. Please consider this before investing.
Carefully consider the investment objectives, risks, charges, and expenses before investing. For a current prospectus for Wells Fargo Advantage Funds or a current program description for certain 529 college savings plans, containing this and other information, visit www.wellsfargo.com/advantagefunds or www.evergreeninvestments.com for Evergreen Funds. Read the prospectus carefully before investing.
“Dow Jones” and “Dow Jones Target Date Indexes” are service marks of Dow Jones & Company, Inc., and have been licensed for use for certain purposes by Global Index Advisors, Inc., and Wells Fargo Funds Management, LLC. The Dow Jones Target Date Indexes are based in part on the Barclays Capital Bond Indexes, which are published by Barclays Capital, Inc. The Wells Fargo Advantage Dow Jones Target Date FundsSM, based on the Dow Jones Target Date Indexes, are not sponsored, endorsed, sold, or promoted by Dow Jones or Barclays Capital, and neither Dow Jones nor Barclays Capital makes any representation regarding the advisability of investing in such product(s) and/or about the quality, accuracy, and/or completeness of the Dow Jones Target Date Indexes or the Barclays Capital Bond Indexes. IN NO EVENT SHALL DOW JONES, BARCLAYS CAPITAL, OR ANY OF THEIR LICENSORS HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC.
Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, provides investment advisory and administrative services for Wells Fargo Managed Account Services and Wells Fargo Advantage Funds® and to certain 529 college savings plans. 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 FINRA/SIPC, an affiliate of Wells Fargo & Company. 116068 1-10
FOR INSTITUTIONAL INVESTOR USE ONLY—NOT FOR USE WITH THE PUBLIC
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| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
WELLS FARGO ADVANTAGE FUNDS®
Proposed New Fund Lineup
As of January 13, 2010
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|
FUND NAME |
| CLASS |
| CUSIP |
| TICKER |
Equity Funds |
|
|
|
|
|
|
Classic Value Fund |
| A |
| TBD |
| ETRAX |
|
| B |
| TBD |
| ETRBX |
|
| C |
| TBD |
| ETRCX |
|
| R |
| TBD |
| ETRRX |
|
| Admin |
| TBD |
| EVTRX |
Disciplined Value Fund |
| A |
| TBD |
| EDSAX |
|
| C |
| TBD |
| EDSCX |
|
| Inv |
| TBD |
| TBD |
|
| Admin |
| TBD |
| EDSIX |
Index Fund |
| A1 |
| 94984B777 |
| TBD |
|
| B |
| 94984B769 |
| TBD |
|
| C1 |
| TBD |
| TBD |
|
| Inv |
| 949915730 |
| TBD |
|
| Admin |
| 94975G686 |
| TBD |
Large Cap Core Fund |
| A |
| TBD |
| EGOAX |
|
| C |
| TBD |
| EGOCX |
|
| Inv |
| TBD |
| TBD |
|
| Admin |
| TBD |
| EGOIX |
|
| I |
| TBD |
| TBD |
Diversified Equity Fund |
| A |
| 94975G108 |
| NVDAX |
|
| B |
| 94975G207 |
| NVDBX |
|
| C |
| 94975G306 |
| WFDEX |
|
| Admin |
| 94975G405 |
| NVDEX |
Growth Opportunities Fund |
| A |
| TBD |
| ESMGX |
|
| I |
| TBD |
| ESMIX |
Traditional Small Cap Growth Fund |
| A |
| TBD |
| EGWAX |
|
| I |
| TBD |
| EGRYX |
Premier Large Company Growth Fund |
| A |
| TBD |
| EKJAX |
|
| B |
| TBD |
| EKJBX |
|
| C |
| TBD |
| EKJCX |
|
| Inv |
| TBD |
| TBD |
|
| Admin |
| TBD |
| TBD |
|
| I |
| TBD |
| EKJYX |
Capital Growth Fund |
| A |
| 949921100 |
| WFCGX |
|
| C |
| 949921209 |
| WFCCX |
|
| Inv |
| 949915623 |
| SLGIX |
|
| Admin |
| 949915631 |
| WFCDX |
|
| I |
| 949915615 |
| WWCIX |
Special Mid Cap Value Fund |
| A |
| 949921308 |
| WFPAX |
|
| C |
| 949921407 |
| WFPCX |
|
| Inv |
| 949915490 |
| SMCDX |
|
| Admin |
| 949915516 |
| WFMDX |
|
| I |
| 949915482 |
| WFMIX |
Special Small Cap Value Fund |
| A |
| TBD |
| ESPAX |
|
| B |
| TBD |
| ESPBX |
|
| C |
| TBD |
| ESPCX |
|
| Admin |
| TBD |
| ESPIX |
Emerging Markets Equity Fund |
| A |
| TBD |
| EMGAX |
|
| B |
| TBD |
| EMGBX |
|
| C |
| TBD |
| EMGCX |
|
| Admin |
| TBD |
| EMGYX |
International Equity Fund |
| A |
| TBD |
| TBD |
|
| B |
| TBD |
| TBD |
|
| C |
| TBD |
| TBD |
|
| R |
| TBD |
| TBD |
|
| Admin |
| TBD |
| TBD |
|
| I |
| TBD |
| TBD |
Diversified International Fund |
| A |
| 94975G678 |
| SILAX |
|
| B |
| 94975G660 |
| SILBX |
|
| C |
| 94975G652 |
| WFECX |
|
| Inv |
| 94984B686 |
| WIEVX |
|
| Admin |
| 94975G645 |
| WFIEX |
|
| I |
| 949917322 |
| WFISX |
Intrinsic Value Fund |
| A |
| TBD |
| EIVAX |
|
| B |
| TBD |
| EIVBX |
|
| C |
| TBD |
| EIVCX |
|
| I |
| TBD |
| EIVIX |
Disciplined U.S. Core Fund |
| A |
| TBD |
| EVSAX |
|
| C |
| TBD |
| EVSTX |
|
| Admin |
| TBD |
| EVSYX |
Core Equity Fund |
| A |
| TBD |
| EGIAX |
|
| B |
| TBD |
| EGIBX |
|
| C |
| TBD |
| EGICX |
|
| Admin |
| TBD |
| EVVTX |
FOR INSTITUTIONAL INVESTOR USE ONLY - NOT FOR USE WITH THE PUBLIC
|
Wells Fargo Advantage Funds Proposed New Fund Lineup | 1 |
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|
FUND NAME |
| CLASS |
| CUSIP |
| TICKER |
Equity Funds continued |
|
|
|
|
|
|
Omega Growth Fund |
| A |
| TBD |
| EKOAX |
|
| B |
| TBD |
| EKOBX |
|
| C |
| TBD |
| EKOCX |
|
| R |
| TBD |
| EKORX |
|
| Admin |
| TBD |
| EOMYX |
Small/Mid Cap Core Fund |
| A |
| TBD |
| ECOAX |
|
| C |
| TBD |
| ECOCX |
|
| Admin |
| TBD |
| ECOIX |
Disciplined Global Equity Fund |
| A |
| TBD |
| EAGLX |
|
| C |
| TBD |
| ECGLX |
|
| Admin |
| TBD |
| EYGLX |
Global Opportunities Fund |
| A |
| TBD |
| EKGAX |
|
| B |
| TBD |
| EKGBX |
|
| C |
| TBD |
| EKGCX |
|
| Admin |
| TBD |
| EKGYX |
Intrinsic World Equity Fund |
| A |
| TBD |
| EWEAX |
|
| C |
| TBD |
| EWECX |
|
| Admin |
| TBD |
| EWEIX |
Health Care Fund |
| A |
| TBD |
| EHABX |
|
| B |
| TBD |
| EHCBX |
|
| C |
| TBD |
| EHCCX |
|
| Admin |
| TBD |
| EHCYX |
Precious Metals Fund |
| A |
| TBD |
| EKWAX |
|
| B |
| TBD |
| EKWBX |
|
| C |
| TBD |
| EKWCX |
|
| I |
| TBD |
| EKWYX |
Utility and Telecommunications Fund |
| A |
| TBD |
| EVUAX |
|
| B |
| TBD |
| EVUBX |
|
| C |
| TBD |
| EVUCX |
|
| I |
| TBD |
| EVUYX |
Specialized Technology Fund |
| A |
| 94975H148 |
| WFSTX |
|
| B |
| 94975H130 |
| WFTBX |
|
| C |
| 94975H122 |
| WFTCX |
|
| Inv |
| 949917207 |
| WFTZX |
Strategic Large Cap Growth Fund |
| A |
| TBD |
| ESGAX |
|
| C |
| TBD |
| ESGTX |
|
| R |
| TBD |
| ESGRX |
|
| I |
| TBD |
| ESGIX |
C&B Large Cap Value Fund |
| A |
| 94975J326 |
| CBEAX |
|
| B |
| 94975J318 |
| CBEBX |
|
| C |
| 94975J292 |
| CBECX |
|
| Inv |
| 94975J284 |
| CBEQX |
|
| Admin |
| 94975J276 |
| CBLLX |
|
| I |
| 94975J268 |
| CBLSX |
Endeavor Select Fund† |
| A |
| 949915599 |
| STAEX |
|
| B |
| 949915581 |
| WECBX |
|
| C |
| 949915573 |
| WECCX |
|
| Admin |
| 949915557 |
| WECDX |
|
| I |
| 949915565 |
| WFCIX |
Equity Value Fund |
| A |
| 94975J839 |
| WLVAX |
|
| B |
| 94975J821 |
| WLVBX |
|
| C |
| 94975J813 |
| WLVCX |
|
| Admin |
| 94975J797 |
| WLVIX |
|
| I |
| 949917348 |
| WLVSX |
Growth Fund |
| A |
| 949915672 |
| SGRAX |
|
| C |
| 949915722 |
| WGFCX |
|
| Inv |
| 949915680 |
| SGROX |
|
| Admin |
| 949915698 |
| SGRKX |
|
| I |
| 949915714 |
| SGRNX |
Large Cap Growth Fund |
| Inv |
| 949915532 |
| STRFX |
Large Company Value Fund |
| A |
| 949921696 |
| WLCAX |
|
| C |
| 949921811 |
| WFLVX |
|
| Inv |
| 949915847 |
| SDVIX |
|
| Admin |
| 949915854 |
| WWIDX |
|
| I |
| 949921795 |
| WLCIX |
Social Sustainability Fund† |
| A |
| 949921514 |
| WSSAX |
|
| C |
| 949921498 |
| WSRCX |
|
| Admin |
| 949921480 |
| WSRAX |
C&B Mid Cap Value Fund |
| A |
| 94975J250 |
| CBMAX |
|
| B |
| 94975J243 |
| CBMBX |
|
| C |
| 94975J235 |
| CBMCX |
|
| Inv |
| 94975J227 |
| CBMDX |
|
| Admin |
| 94975J219 |
| CBMIX |
|
| I |
| 94975J193 |
| CBMSX |
Common Stock Fund |
| A |
| 949915441 |
| SCSAX |
|
| B |
| 949915433 |
| SCSKX |
|
| C |
| 949915425 |
| STSAX |
|
| Inv |
| 949915417 |
| STCSX |
Discovery Fund† |
| A |
| 949921506 |
| WFDAX |
|
| C |
| 949921605 |
| WDSCX |
|
| Inv |
| 949915342 |
| STDIX |
|
| Admin |
| 949915359 |
| WFDDX |
|
| I |
| 949917355 |
| WFDSX |
Enterprise Fund† |
| A |
| 949915375 |
| SENAX |
|
| C |
| 949921779 |
| WENCX |
|
| Inv |
| 949915383 |
| SENTX |
|
| Admin |
| 949915391 |
| SEPKX |
|
| I |
| 949915367 |
| WFEIX |
Mid Cap Growth Fund |
| A |
| 94975J201 |
| WFMCX |
|
| B |
| 94975J300 |
| WFMBX |
|
| C |
| 94975J409 |
| WFMHX |
|
| Inv |
| 949915334 |
| WFMZX |
|
| Admin |
| 949921761 |
| WMCGX |
|
| I |
| 949921753 |
| WFMGX |
Opportunity Fund† |
| A |
| 949915458 |
| SOPVX |
|
| C |
| 949921787 |
| WFOPX |
|
| Inv |
| 949915466 |
| SOPFX |
|
| Admin |
| 949915474 |
| WOFDX |
|
Wells Fargo Advantage Funds Proposed New Fund Lineup | 2 |
|
|
|
|
|
|
|
FUND NAME |
| CLASS |
| CUSIP |
| TICKER |
Equity Funds continued |
|
|
|
|
|
|
Diversified Small Cap Fund |
| Admin |
| 94975G801 |
| NVDSX |
Emerging Growth Fund |
| A |
| 949921720 |
| WEMAX |
|
| C |
| 949921712 |
| WEMCX |
|
| Inv |
| 949917256 |
| WFGTX |
|
| Admin |
| 949917264 |
| WFGDX |
|
| I |
| 949921688 |
| WEMIX |
Intrinsic Small Cap Value Fund |
| A |
| 949921746 |
| WFSMX |
|
| C |
| 949921738 |
| WSCDX |
|
| Inv |
| 949915243 |
| SCOVX |
|
| Admin |
| 949915250 |
| WFSDX |
|
| I |
| 949915235 |
| WFSSX |
Small Cap Growth Fund2 |
| A |
| 94975J532 |
| MNSCX |
|
| B |
| 94975J524 |
| WMNBX |
|
| C |
| 94975J516 |
| WMNCX |
|
| Inv |
| 949915227 |
| WFSZX |
|
| Admin |
| 94975J490 |
| WMNIX |
|
| I |
| 949915219 |
| WFSIX |
Small Cap Opportunities Fund1 |
| Admin |
| 94975G488 |
| NVSOX |
Small Cap Value Fund |
| A |
| 949915326 |
| SMVAX |
|
| B |
| 949915318 |
| SMVBX |
|
| C |
| 949915292 |
| SMVCX |
|
| Inv |
| 949915284 |
| SSMVX |
|
| I |
| 949921845 |
| WFSVX |
Small Company Growth Fund |
| A |
| 94975J359 |
| WFSAX |
|
| B |
| 94975J342 |
| WFSBX |
|
| C |
| 94975J334 |
| WSMCX |
|
| Admin |
| 94975G447 |
| NVSCX |
|
| I |
| 949921571 |
| WSCGX |
Small Company Value Fund |
| A |
| 94975P884 |
| SCVAX |
|
| B |
| 94975P876 |
| SCVBX |
|
| C |
| 94975J748 |
| SCVFX |
|
| Admin |
| 94975P868 |
| SCVIX |
Small/Mid Cap Value Fund |
| A |
| 949921704 |
| WFVAX |
|
| C |
| 949921803 |
| WFCVX |
|
| Inv |
| 949915268 |
| SMMVX |
|
| Admin |
| 949915276 |
| WWMDX |
|
| I |
| 949917363 |
| WWMSX |
Asia Pacific Fund |
| A |
| 949921886 |
| WFAAX |
|
| C |
| 949921878 |
| WFCAX |
|
| Inv |
| 949915136 |
| SASPX |
International Value Fund |
| A |
| 94975A762 |
| WFFAX |
|
| B |
| 949915128 |
| WFVBX |
|
| C |
| 949915110 |
| WFVCX |
|
| Admin |
| 949917108 |
| WFVDX |
|
| I |
| 949917314 |
| WFVIX |
Fixed-Income Funds |
|
|
|
|
|
|
Short-Term Municipal Bond Fund |
| A |
| 94984B751 |
| WSMAX |
|
| C |
| 949917876 |
| WSSCX |
|
| Inv |
| 949917868 |
| STSMX |
|
| I |
| 949921654 |
| WSBIX |
Intermediate Tax/AMT-Free Fund |
| A |
| 949921860 |
| WFTAX |
|
| C |
| 949921852 |
| WFTFX |
|
| Inv |
| 949917850 |
| SIMBX |
|
| Admin |
| 949921597 |
| WFITX |
|
| I |
| 949921662 |
| WITIX |
Municipal Bond Fund |
| A |
| 949917843 |
| WMFAX |
|
| B |
| 949917835 |
| WMFBX |
|
| C |
| 949917827 |
| WMFCX |
|
| Inv |
| 949917819 |
| SXFIX |
|
| Admin |
| 949917793 |
| WMFDX |
|
| I |
| 949921670 |
| WMBIX |
California Tax-Free Fund |
| A |
| 94975H718 |
| SCTAX |
|
| B |
| 94975H692 |
| SGCBX |
|
| C |
| 94975H684 |
| SCTCX |
|
| Admin |
| 94975H676 |
| SGCAX |
Ultra Short-Term Income Fund |
| A |
| 949917728 |
| SADAX |
|
| C |
| 94984B710 |
| WUSTX |
|
| Inv |
| 949917736 |
| STADX |
|
| Admin |
| 949917710 |
| WUSDX |
|
| I |
| 949917744 |
| SADIX |
High Yield Bond Fund |
| A |
| TBD |
| EKHAX |
|
| B |
| TBD |
| EKHBX |
|
| C |
| TBD |
| EKHCX |
|
| Admin |
| TBD |
| TBD |
High Income Fund |
| A |
| 949917512 |
| SHBAX |
|
| B |
| 94984B736 |
| WFNBX |
|
| C |
| 94984B728 |
| WFNCX |
|
| Inv |
| 949917520 |
| STHYX |
|
| I |
| 949917538 |
| SHYYX |
Income Plus Fund |
| A |
| 94975H791 |
| STYAX |
|
| B |
| 94975H783 |
| STYBX |
|
| C |
| 94975H775 |
| WFIPX |
|
| Inv |
| 949921522 |
| WIPNX |
|
| I |
| 94984B694 |
| WIPIX |
Total Return Bond Fund |
| A |
| 94975J631 |
| MBFAX |
|
| B |
| 94975J623 |
| MBFBX |
|
| C |
| 94975J615 |
| MBFCX |
|
| R |
| TBD |
| TBD |
|
| Inv |
| 949917439 |
| WTRZX |
|
| Admin |
| 94975J599 |
| MNTRX |
|
| I |
| 94975J581 |
| MBFIX |
|
Wells Fargo Advantage Funds Proposed New Fund Lineup | 3 |
|
|
|
|
|
|
|
FUND NAME |
| CLASS |
| CUSIP |
| TICKER |
Fixed-Income Funds continued |
|
|
|
|
|
|
Government Securities Fund |
| A |
| 949917553 |
| SGVDX |
|
| B |
| 94984B744 |
| WGSBX |
|
| C |
| 949917587 |
| WGSCX |
|
| Inv |
| 949917561 |
| STVSX |
|
| Admin |
| 949917546 |
| WGSDX |
|
| I |
| 949917579 |
| SGVIX |
Strategic Municipal Bond Fund |
| A |
| TBD |
| VMPAX |
|
| B |
| TBD |
| VMPIX |
|
| C |
| TBD |
| DHICX |
|
| Admin |
| TBD |
| VMPYX |
North Carolina Tax-Free Fund |
| A |
| TBD |
| ENCMX |
|
| C |
| TBD |
| ENCCX |
|
| I |
| TBD |
| ENCYX |
Pennsylvania Tax-Free Fund |
| A |
| TBD |
| EKVAX |
|
| B |
| TBD |
| EKVBX |
|
| C |
| TBD |
| EKVCX |
|
| I |
| TBD |
| EKVYX |
Adjustable Rate Government Fund |
| A |
| TBD |
| ESAAX |
|
| B |
| TBD |
| ESABX |
|
| C |
| TBD |
| ESACX |
|
| I |
| TBD |
| EKIZX |
International Bond Fund |
| A |
| TBD |
| ESIYX |
|
| B |
| TBD |
| ESIUX |
|
| C |
| TBD |
| ESIVX |
|
| I |
| TBD |
| ESICX |
Inflation-Protected Bond Fund |
| A |
| 94975J730 |
| IPBAX |
|
| B |
| 94975J722 |
| IPBBX |
|
| C |
| 94975J714 |
| IPBCX |
|
| Admin |
| 94975J698 |
| IPBIX |
Short Duration Government Bond Fund |
| A |
| 94975J573 |
| MSDAX |
|
| B |
| 94975J565 |
| MSDBX |
|
| C |
| 94975J557 |
| MSDCX |
|
| Admin |
| 94975J540 |
| MNSGX |
|
| I |
| 949917595 |
| WSGIX |
Short-Term Bond Fund |
| A |
| 949917637 |
| SSTVX |
|
| C |
| 949921639 |
| WFSHX |
|
| Inv |
| 949917645 |
| SSTBX |
|
| I |
| 949917652 |
| SSHIX |
Short-Term High Yield Bond Fund |
| A |
| 949917611 |
| SSTHX |
|
| C |
| 949921621 |
| WFHYX |
|
| Inv |
| 949917629 |
| STHBX |
California Limited-Term Tax-Free Fund |
| A |
| 94975H668 |
| SFCIX |
|
| C |
| 94975J755 |
| SFCCX |
|
| Admin |
| 94975H650 |
| SCTIX |
Colorado Tax-Free Fund |
| A |
| 94975H643 |
| NWCOX |
|
| B |
| 94975H635 |
| NWCBX |
|
| C |
| 949921589 |
| WCOTX |
|
| Admin |
| 94975H627 |
| NCOTX |
Minnesota Tax-Free Fund |
| A |
| 94975H593 |
| NMTFX |
|
| B |
| 94975H585 |
| NWMBX |
|
| C |
| 949917769 |
| WMTCX |
|
| Admin |
| 94975H577 |
| NWMIX |
Ultra Short-Term Municipal Income Fund |
| A |
| 949917884 |
| SMAVX |
|
| C |
| 949921647 |
| WFUSX |
|
| Inv |
| 949917801 |
| SMUAX |
|
| I |
| 949917702 |
| SMAIX |
Wisconsin Tax-Free Fund |
| A |
| 949921613 |
| WWTFX |
|
| C |
| 949917785 |
| WWTCX |
|
| Inv |
| 949917777 |
| SWFRX |
Money Market Funds |
|
|
|
|
|
|
Cash Investment Money Market Fund |
| Select |
| 94984B819 |
| WFQXX |
|
| I |
| 94975H437 |
| WFIXX |
|
| Admin |
| 94975J474 |
| WFAXX |
|
| Svc |
| 94975H445 |
| NWIXX |
Heritage Money Market Fund† |
| Select |
| 94984B793 |
| WFJXX |
|
| I |
| 949917397 |
| SHIXX |
|
| Admin |
| 949917389 |
| SHMXX |
|
| Svc |
| TBD |
| TBD |
Prime Investment Money Market Fund |
| I |
| 94975P504 |
| PIIXX |
|
| Svc |
| 94975H395 |
| NWRXX |
Money Market Fund |
| Svc |
| TBD |
| TBD |
|
| A |
| 94975H429 |
| STGXX |
|
| B |
| 94975H411 |
| – |
|
| C |
| TBD |
| – |
|
| Inv |
| 949917371 |
| WMMXX |
|
| Daily |
| TBD |
| – |
Money Market Trust |
| – |
| 94975H387 |
| – |
Government Money Market Fund |
| I |
| 94975P405 |
| GVIXX |
|
| Admin |
| 94975J466 |
| WGAXX |
|
| Svc |
| 94975H254 |
| NWGXX |
|
| A |
| 94975H262 |
| WFGXX |
|
| Swp |
| TBD |
| – |
Treasury Plus Money Market Fund |
| I |
| 94975H296 |
| PISXX |
|
| Admin |
| 949921563 |
| WTPXX |
|
| Svc |
| 94975H312 |
| PRVXX |
|
| A |
| 94975H320 |
| PIVXX |
|
| Swp |
| TBD |
| – |
100% Treasury Money Market Fund |
| Admin |
| TBD |
| TBD |
|
| Svc |
| 94975H270 |
| NWTXX |
|
| A |
| 94975H288 |
| WFTXX |
|
| Swp |
| TBD |
| – |
National Tax-Free Money Market Fund |
| I |
| 94975H353 |
| WFNXX |
|
| Admin |
| 949917421 |
| WNTXX |
|
| Svc |
| 94975H361 |
| MMIXX |
|
| A |
| 94975H379 |
| NWMXX |
|
| Swp |
| TBD |
| – |
|
Wells Fargo Advantage Funds Proposed New Fund Lineup | 4 |
|
|
|
|
|
|
|
FUND NAME |
| CLASS |
| CUSIP |
| TICKER |
Money Market Funds continued |
|
|
|
|
|
|
National Tax-Free Money Market Trust |
| – |
| 94975H346 |
| – |
Municipal Cash Management Money Market Fund |
| I |
| TBD |
| EMMXX |
|
| Svc |
| TBD |
| EISXX |
Municipal Money Market Fund |
| I |
| 949921555 |
| TBD |
|
| Svc |
| TBD |
| TBD |
|
| A |
| TBD |
| TBD |
|
| Inv |
| 949917413 |
| TBD |
|
| Swp |
| TBD |
| – |
California Municipal Money Market Fund |
| I |
| 949921548 |
| WCTXX |
|
| Svc |
| 94975H460 |
| WFCXX |
|
| A |
| 94975H478 |
| SGCXX |
|
| Swp |
| TBD |
| – |
California Municipal Money Market Trust |
| – |
| TBD |
| – |
Minnesota Money Market Fund |
| A |
| 94975H163 |
| WMNXX |
|
| Swp |
| TBD |
| – |
New Jersey Municipal Money Market Fund |
| Svc |
| TBD |
| EJMXX |
|
| A |
| TBD |
| ENJXX |
|
| Swp |
| TBD |
| – |
New York Municipal Money Market Fund |
| Svc |
| TBD |
| ENIXX |
|
| A |
| TBD |
| ENYXX |
|
| Swp |
| TBD |
| – |
Pennsylvania Municipal Money Market Fund |
| Svc |
| TBD |
| EPAXX |
|
| A |
| TBD |
| EPPXX |
|
| Swp |
| TBD |
| – |
Asset Allocation Funds |
|
|
|
|
|
|
Growth Balanced Fund |
| A |
| 94975G397 |
| WFGBX |
|
| B |
| 94975G389 |
| NVGRX |
|
| C |
| 94975G371 |
| WFGWX |
|
| Admin |
| 94975G363 |
| NVGBX |
Conservative Allocation Fund |
| Admin |
| 94975H767 |
| NVCBX |
Index Asset Allocation Fund |
| A |
| 94975H247 |
| SFAAX |
|
| B |
| 94975H239 |
| SASBX |
|
| C |
| 94975H221 |
| WFALX |
|
| Admin |
| 94975H213 |
| WFAIX |
Asset Allocation Fund |
| A |
| TBD |
| EAAFX |
|
| B |
| TBD |
| EABFX |
|
| C |
| TBD |
| EACFX |
|
| R |
| TBD |
| EAXFX |
|
| Admin |
| TBD |
| EAIFX |
Moderate Balanced Fund |
| A |
| 94975J425 |
| WFMAX |
|
| B |
| 94975J417 |
| WMOBX |
|
| C |
| 94975J391 |
| WFBCX |
|
| Admin |
| 94975H106 |
| NVMBX |
Target Today Fund† |
| A3 |
| 94975G322 |
| STWRX |
|
| B |
| 94975G314 |
| WFOKX |
|
| C |
| 94975G298 |
| WFODX |
|
| Inv |
| 949917249 |
| WFBTX |
|
| Admin |
| 94975G280 |
| WFLOX |
|
| I |
| 949915102 |
| WOTDX |
Target 2010 Fund† |
| A3 |
| 94975G272 |
| STNRX |
|
| B |
| 94975G264 |
| SPTBX |
|
| C |
| 94975G256 |
| WFOCX |
|
| Inv |
| 949917231 |
| WFCTX |
|
| Admin |
| 94975G249 |
| WFLGX |
|
| I |
| 949915201 |
| WFOAX |
Target 2015 Fund† |
| Inv |
| 94984B306 |
| WFQEX |
|
| Admin |
| 94984B108 |
| WFFFX |
|
| I |
| 94984B207 |
| WFSCX |
Target 2020 Fund† |
| A3 |
| 94975G231 |
| STTRX |
|
| B |
| 94975G223 |
| STPBX |
|
| C |
| 94975G215 |
| WFLAX |
|
| Inv |
| 949917223 |
| WFDTX |
|
| Admin |
| 94975G199 |
| WFLPX |
|
| I |
| 949915300 |
| WFOBX |
Target 2025 Fund† |
| Inv |
| 94984B603 |
| WFGYX |
|
| Admin |
| 94984B405 |
| WFTRX |
|
| I |
| 94984B504 |
| WFTYX |
Target 2030 Fund† |
| A3 |
| 94975G181 |
| STHRX |
|
| B |
| 94975G173 |
| SGPBX |
|
| C |
| 94975G165 |
| WFDMX |
|
| Inv |
| 949917215 |
| WFETX |
|
| Admin |
| 94975G157 |
| WFLIX |
|
| I |
| 949915409 |
| WFOOX |
Target 2035 Fund† |
| Inv |
| 94984B884 |
| WFQTX |
|
| Admin |
| 94984B702 |
| WFQWX |
|
| I |
| 94984B801 |
| WFQRX |
Target 2040 Fund† |
| A3 |
| 94975G140 |
| STFRX |
|
| B |
| 94975G132 |
| SLPBX |
|
| C |
| 94975G124 |
| WFOFX |
|
| Inv |
| 949917199 |
| WFFTX |
|
| Admin |
| 94975G116 |
| WFLWX |
|
| I |
| 949915508 |
| WFOSX |
Target 2045 Fund† |
| Inv |
| 94984B850 |
| WFQSX |
|
| Admin |
| 94984B876 |
| WFQYX |
|
| I |
| 94984B868 |
| WFQPX |
Target 2050 Fund† |
| Inv |
| 94984B827 |
| WFQGX |
|
| Admin |
| 94984B843 |
| WFQDX |
|
| I |
| 94984B835 |
| WFQFX |
|
Wells Fargo Advantage Funds Proposed New Fund Lineup | 5 |
|
|
|
|
|
|
|
FUND NAME |
| CLASS |
| CUSIP |
| TICKER |
Asset Allocation Funds continued |
|
|
|
|
|
|
Diversified Capital Builder |
| A |
| TBD |
| EKBAX |
|
| B |
| TBD |
| EKBBX |
|
| C |
| TBD |
| EKBCX |
|
| I |
| TBD |
| EKBYX |
Diversified Income Builder |
| A |
| TBD |
| EKSAX |
|
| B |
| TBD |
| EKSBX |
|
| C |
| TBD |
| EKSCX |
|
| I |
| TBD |
| EKSYX |
Variable Trust Funds |
|
|
|
|
|
|
VT Total Return Bond Fund |
| 2 |
| 949756209 |
| – |
VT Omega Growth Fund |
| 1 |
| TBD |
| – |
|
| 2 |
| TBD |
| – |
VT Core Equity Fund |
| 1 |
| TBD |
| – |
|
| 2 |
| TBD |
| – |
VT Small Cap Value Fund |
| 1 |
| TBD |
| – |
|
| 2 |
| 949756837 |
| – |
VT Small Cap Growth Fund4 |
| 1 |
| TBD |
| – |
|
| 2 |
| 949756886 |
| – |
VT International Equity Fund |
| 1 |
| TBD |
| – |
|
| 2 |
| 949756605 |
| – |
VT Intrinsic Value Fund |
| 2 |
| TBD |
| – |
VT Index Asset Allocation Fund |
| 2 |
| 949756100 |
| – |
VT Discovery Fund† |
| 2 |
| 949756852 |
| – |
VT Opportunity Fund† |
| 2 |
| 949756845 |
| – |
Closed-End Funds |
|
|
|
|
|
|
Global Dividend Opportunity Fund |
|
|
|
|
|
|
Income Advantage Fund |
|
|
|
|
|
|
International Balanced Income Fund |
|
|
|
|
|
|
Multi-Sector Income Fund |
|
|
|
|
|
|
Utilities and High Income Fund |
|
|
|
|
|
|
WealthBuilder Funds |
|
|
|
|
|
|
WealthBuilder Conservative Allocation Portfolio† |
| – |
| 94975J136 |
| WBCAX |
WealthBuilder Equity Portfolio† |
| – |
| 94975G421 |
| WBGIX |
WealthBuilder Growth Allocation Portfolio† |
| – |
| 94975J128 |
| WBGGX |
WealthBuilder Growth Balanced Portfolio† |
| – |
| 94975H205 |
| WBGBX |
WealthBuilder Moderate Balanced Portfolio† |
| – |
| 94975J110 |
| WBBBX |
WealthBuilder Tactical Equity Portfolio† |
| – |
| 94975G439 |
| WBGAX |
* | Please note: As of February 14, 2008, Class B shares are closed to new investors. |
1. | The Fund is closed to new investors. |
2. | The Fund is open to existing wrap programs and RIAs that utilize the Fund in models as described in the Statement of Additional Information. The Fund is closed to all other investors. |
3. | The Fund is open to certain institutional investors, retirement plans, and wrap programs as described in the Statement of Additional Information. The Fund is closed to all other investors. |
4. | The Fund is closed to new investors. However, existing participation agreements and new participation agreements entered into with Wells Fargo Funds Management in order to effect a merger may be allowed to continue to add new investors. |
|
Wells Fargo Advantage Funds Proposed New Fund Lineup | 6 |
|
|
|
|
| More information about Wells Fargo Advantage Funds® is available free upon request. To obtain literature, please write, e-mail, or call:
Wells Fargo Advantage Funds P.O. Box 8266 Boston, MA 02266-8266
Investment Professionals: 1-888-877-9275 Web site: www.wellsfargo.com/advantagefunds |
Additional Information and Where to Find it
The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
In connection with the proposed shell reorganizations and mergers, the acquirer will file a prospectus/proxy statement with the Securities and Exchange Commission. All shareholders are advised to read the prospectus/proxy statement in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, fees, expenses, risk considerations, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the prospectus/proxy statement to its shareholders once it is declared effective by the Commission. Shareholders may obtain a free copy of the prospectus/proxy statement when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the prospectus/proxy statement, once available, may also be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, or at www.wellsfargo.com/advantagefunds or by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, or at www.evergreeninvestments.com. The target and the acquirer also file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in prospectus/proxy statement when it is filed with the Commission.
† | In this document, the Wells Fargo Advantage Endeavor Select FundSM is referred to as the Endeavor Select Fund, the Wells Fargo Advantage Social Sustainability FundSM is referred to as the Social Sustainability Fund, the Wells Fargo Advantage Discovery FundSM is referred to as the Discovery Fund, the Wells Fargo Advantage Enterprise FundSM is referred to as the Enterprise Fund, the Wells Fargo Advantage Opportunity FundSM is referred to as the Opportunity Fund, the Wells Fargo Advantage Heritage Money Market FundSM is referred to as the Heritage Money Market Fund, the Wells Fargo Advantage Dow Jones Target Today FundSM is referred to as the Target Today Fund, the Wells Fargo Advantage Dow Jones Target 2010 FundSM is referred to as the Target 2010 Fund, the Wells Fargo Advantage Dow Jones Target 2015 FundSM is referred to as the Target 2015 Fund, the Wells Fargo Advantage Dow Jones Target 2020 FundSM is referred to as the Target 2020 Fund, the Wells Fargo Advantage Dow Jones Target 2025 FundSM is referred to as the Target 2025 Fund, the Wells Fargo Advantage Dow Jones Target 2030 FundSM is referred to as the Target 2030 Fund, the Wells Fargo Advantage Dow Jones Target 2035 FundSM is referred to as the Target 2035 Fund, the Wells Fargo Advantage Dow Jones Target 2040 FundSM is referred to as the Target 2040 Fund, the Wells Fargo Advantage Dow Jones Target 2045 FundSM is referred to as the Target 2045 Fund, the Wells Fargo Advantage Dow Jones Target 2050 FundSM is referred to as the Target 2050 Fund, the Wells Fargo Advantage WealthBuilder Conservative Allocation PortfolioSM is referred to as the WealthBuilder Conservative Allocation Portfolio, the Wells Fargo Advantage WealthBuilder Equity PortfolioSM is referred to as the WealthBuilder Equity Portfolio, the Wells Fargo Advantage WealthBuilder Growth Allocation PortfolioSM is referred to as the WealthBuilder Growth Allocation Portfolio, the Wells Fargo Advantage WealthBuilder Growth Balanced PortfolioSM is referred to as the WealthBuilder Growth Balanced Portfolio, the Wells Fargo Advantage WealthBuilder Moderate Balanced PortfolioSM is referred to as the WealthBuilder Moderate Balanced Portfolio, the Wells Fargo Advantage WealthBuilder Tactical Equity PortfolioSM is referred to as the WealthBuilder Tactical Equity Portfolio, the Wells Fargo Advantage VT Discovery FundSM is referred to as the VT Discovery Fund, and the Wells Fargo Advantage VT Opportunity FundSM is referred to as the VT Opportunity Fund. |
Mutual fund investing involves risks, including the possible loss of principal. Consult a Fund’s prospectus for additional information on risks.
A portion of the municipal Funds’ 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. The U.S. government guarantee applies to certain underlying securities and not to shares of the Funds.
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 Fund seeks 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 the investment objectives, risks, charges, and expenses before investing. For a current prospectus containing this and other information, visit www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds, and www.evergreeninvestments.com/mf for Evergreen Funds. Read the prospectus carefully before investing.
For the Variable Trust Funds, please refer to the prospectus provided by your participating insurance company for detailed information describing the separate accounts, including information regarding surrender charges, mortality and expense risk fees, and other charges that may be assessed by the participating insurance companies.
“Dow Jones” and “Dow Jones Target Date Indexes” are service marks of Dow Jones & Company, Inc., and have been licensed for use for certain purposes by Global Index Advisors, Inc., and Wells Fargo Funds Management, LLC. The Dow Jones Target Date Indexes are based in part on the Barclays Capital Bond Indexes, which are published by Barclays Capital, Inc. The Wells Fargo Advantage Dow Jones Target Date Funds,SM based on the Dow Jones Target Date Indexes, are not sponsored, endorsed, sold, or promoted by Dow Jones or Barclays Capital, and neither Dow Jones nor Barclays Capital makes any representation regarding the advisability of investing in such product(s) and/or about the quality, accuracy, and/or completeness of the Dow Jones Target Date Indexes or the Barclays Capital Bond Indexes. IN NO EVENT SHALL DOW JONES, BARCLAYS CAPITAL, OR ANY OF THEIR LICENSORS HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
Evergreen Investments Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investments Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investments Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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. 116473 1-10
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| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
One Hundred Heritage Reserve
Menomonee Falls, Wisconsin 53051
January 13, 2010
The Integration of Our Fund Families Has Begun
Dear Valued Business Partner:
Recently, the Boards of Trustees of Wells Fargo Advantage Funds® and Evergreen Funds approved the merger of our fund families and a proposed new fund lineup that will be branded under the Wells Fargo Advantage Funds name. As you can see, we’ve made significant progress toward bringing our two organizations together.
The proposed fund family was developed after thoughtful and thorough evaluation of each fund and the needs of our investors. We believe the result is a powerful and comprehensive array of products that leverages the strengths of both organizations to benefit you and your clients through access to:
• |
| Our combined investment expertise, with independent portfolio teams that will continue to adhere to their own distinct strategies and processes. |
• |
| Fund choices with highly competitive fee structures that, for many shareholders, are expected to result in reductions in fund expenses. |
• |
| A family of mutual funds with even greater depth and breadth than before, including more choices in investment styles and strategies. |
• |
| Complementary investment solutions, such as separately managed accounts, college investing plans, and retirement products. |
What to expect in the coming months
Proxies for the reorganization of our fund families are expected to be mailed to shareholders during the early part of the second quarter of 2010, with shareholder meetings held in early summer. Upon shareholder approval, the reorganization of our fund lineup (and other related changes) will likely be completed by mid-summer. Watch for additional information regarding the proxy mailings.
Action required by your firm
We look forward to continuing our partnership with you as we head in this new direction. As a result of the merger, we will need to execute a new dealer agreement with your firm. To implement this change, please complete and return the enclosed documents no later than May 21, 2010:
• |
| A Wells Fargo Advantage Funds Dealer Agreement |
• |
| A Wells Fargo Advantage Funds Dealer Information/NSCC Implementation Sheet |
Complete the documents as follows:
| • |
| Insert your firm’s name and execution date in the first paragraph on page 1 of the Dealer Agreement. |
| • |
| Insert your firm’s address and phone number in the signature block on page 13 of the Dealer Agreement. |
| • |
| Sign the Dealer Agreement and retain a copy for your records. |
| • |
| Complete the Dealer Information Sheet in its entirety. |
(Over)
Please return the completed documents to us by May 21, 2010, via:
|
|
|
Fax: |
| 1-866-935-5013; or |
|
| |
E-mail: |
| wffmgcontractsandagreements@wellsfargo.com; or |
|
| |
Mail: |
| Use the enclosed business reply envelope. |
Additional information
Enclosed are proposed merger mapping and fund lineup documents for your reference. In addition, you may visit the “Integration News” section on our Web sites at www.wellsfargo.com/advantagefunds or www.evergreeninvestments.com for more details. If you have questions about the execution of the enclosed documents, please e-mail us at wffmgcontractsandagreements@wellsfargo.com, or contact us by phone at 1-888-877-9275 between the hours of 9 a.m. and 7 p.m., Eastern Time. Thank you for your continued partnership with Wells Fargo Advantage Funds.
|
Sincerely, |
|
|
|
Karla M. Rabusch President Wells Fargo Advantage Funds |
Additional Information and Where to Find it
In connection with the proposed transaction, the acquirer will file a Proxy Statement-Prospectus with the Securities and Exchange Commission. All shareholders are advised to read this Proxy Statement-Prospectus in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the Proxy Statement-Prospectus to its shareholders once such Proxy Statement-Prospectus is declared effective by the Commission. Shareholders may obtain a free copy of the Proxy Statement-Prospectus when available and other documents filed by the acquirer with the Commission at the Commission’s web site at http://www.sec.gov. Free copies of the Proxy Statement-Prospectus, once available, may be obtained by directing a request via mail, phone or email to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Proxy Statement-Prospectus, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Proxy Statement-Prospectus, the target and the acquirer file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the Commission will be set forth in Proxy-Statement-Prospectus to be filed by the acquirer with the Commission in February 2010.
For Section 529 plans, an investor’s or a designated beneficiary’s home state may offer state tax or other benefits that are only available for investments in that state’s qualified tuition program. Please consider this before investing.
Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. For a current prospectus or current program description, containing this and other information, visit www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds and certain Section 529 plans, or www.EvergreenInvestments.com for Evergreen Investments. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Effective 1-4-10, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate 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 Managed Account Services, Wells Fargo Advantage Funds and to certain 529 college savings plans. 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 FINRA/SIPC, an affiliate of Wells Fargo & Company. 119386 01-10
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| © 2010 Wells Fargo Funds Management, LLC. All rights reserved. |
FOR INSTITUTIONAL INVESTOR USE ONLY–NOT FOR USE WITH THE PUBLIC
Wells Fargo Advantage Funds® & Evergreen Funds Merger Conversion Tool
The Merger Conversion Tool is designed to provide you with easy access to information regarding the proposed product line of the combined Wells Fargo Advantage Funds and Evergreen Funds.
Simply select the product you are interested in learning about from the drop down box below, and it will provide you with details on the proposed changes. If your fund is not listed then there are no changes proposed for your fund.
<image “View the changes to the Evergreen mutual fund lineup”>
Top of Form
Select a Wells Fargo Advantage Fund
<drop-down menu>
Bottom of Form
If you currently own this Fund:
You will own this
Wells Fargo Advantage Fund:
Which will be managed
similarly to this Fund:
- Wells Fargo Advantage Aggressive Allocation – Administrator Share Class
Growth Balanced – Administrator Share Class
Cusip
94975G363
Ticker
NVGBX
Fund Management
Wells Capital Management –
Beath, Biwer, Blomster, Chan, Mellas, Owen
Wells Fargo Advantage Growth Balanced
Download Fact Sheet – Administrator Shares (pdf)
- Wells Fargo Advantage Asset Allocation – Share Class A
Index Asset Allocation – Share Class A
Cusip
94975H247
Ticker
SFAAX
Fund Management
Wells Capital Management –
Genung, Mellas, Blomster
Wells Fargo Advantage Asset Allocation
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Asset Allocation – Share Class B
Index Asset Allocation – Share Class B
Cusip
94975H239
Ticker
SASBX
Fund Management
Wells Capital Management –
Genung, Mellas, Blomster
Wells Fargo Advantage Asset Allocation
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Asset Allocation – Share Class C
Index Asset Allocation – Share Class C
Cusip
94975H221
Ticker
WFALX
Fund Management
Wells Capital Management –
Genung, Mellas, Blomster
Wells Fargo Advantage Asset Allocation
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Asset Allocation – Administrator Share Class
Index Asset Allocation – Administrator Share Class
Cusip
94975H213
Ticker
WFAIX
Fund Management
Wells Capital Management –
Genung, Mellas, Blomster
Wells Fargo Advantage Asset Allocation
Download Fact Sheet – Administrator Shares (pdf)
- Wells Fargo Advantage Diversified Bond – Administrator Share Class
Total Return Bond – Administrator Share Class
Cusip
94975J599
Ticker
MNTRX
Fund Management
Wells Capital Management –
Ludgood, O’Connor
Wells Fargo Advantage Total Return Bond
Download Fact Sheet – Administrator Shares (pdf)
- Wells Fargo Advantage Emerging Markets Equity – Share Class A
Emerging Markets Equity – Share Class A
Cusip
TBD
Ticker
EMGAX
Fund Management
Wells Capital Management–
Zhang
Evergreen Emerging Markets Growth
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Emerging Markets Equity – Share Class B
Emerging Markets Equity – Share Class B
Cusip
TBD
Ticker
EMGBX
Fund Management
Wells Capital Management–
Zhang
Evergreen Emerging Markets Growth
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Emerging Markets Equity – Share Class C
Emerging Markets Equity – Share Class C
Cusip
TBD
Ticker
EMGCX
Fund Management
Wells Capital Management–
Zhang
Evergreen Emerging Markets Growth
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Emerging Markets Equity – Administrator Share Class
Emerging Markets Equity – Administrator Share Class
Cusip
TBD
Ticker
EMGYX
Fund Management
Wells Capital Management–
Zhang
Evergreen Emerging Markets Growth
Download Fact Sheet – I Shares (pdf)
- Wells Fargo Advantage Equity Income– Share Class A
Disciplined Value – Share Class A
Cusip
TBD
Ticker
EDSAX
Fund Management
Wells Capital Management –
Zieff
Evergreen Disciplined Value
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Equity Income– Share Class B
Disciplined Value – Share Class A
Cusip
TBD
Ticker
EDSAX
Fund Management
Wells Capital Management –
Zieff
Evergreen Disciplined Value
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Equity Income– Share Class C
Disciplined Value – Share Class C
Cusip
TBD
Ticker
EDSCX
Fund Management
Wells Capital Management –
Zieff
Evergreen Disciplined Value
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Equity Income– Administrator Share Class
Disciplined Value – Administrator Share Class
Cusip
TBD
Ticker
EDSIX
Fund Management
Wells Capital Management –
Zieff
Evergreen Disciplined Value
Download Fact Sheet – I Shares (pdf)
- Wells Fargo Advantage Growth Equity– Share Class A
Diversified Equity – Share Class A
Cusip
94975G108
Ticker
NVDAX
Fund Management
Wells Capital Management –
Owen, Biwer, Chan
Wells Fargo Advantage Diversified Equity
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Growth Equity– Share Class B
Diversified Equity – Share Class B
Cusip
94975G207
Ticker
NVDBX
Fund Management
Wells Capital Management –
Owen, Biwer, Chan
Wells Fargo Advantage Diversified Equity
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Growth Equity– Share Class C
Diversified Equity – Share Class C
Cusip
94975G306
Ticker
WFDEX
Fund Management
Wells Capital Management –
Owen, Biwer, Chan
Wells Fargo Advantage Diversified Equity
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Growth Equity– Institutional Share Class
Diversified Equity – Administrator Share Class
Cusip
94975G405
Ticker
NVDEX
Fund Management
Wells Capital Management –
Owen, Biwer, Chan
Wells Fargo Advantage Diversified Equity
Download Fact Sheet – Administrator Shares (pdf)
- Wells Fargo Advantage Growth Equity– Administrator Share Class
Diversified Equity – Administrator Share Class
Cusip
94975G405
Ticker
NVDEX
Fund Management
Wells Capital Management –
Owen, Biwer, Chan
Wells Fargo Advantage Diversified Equity
Download Fact Sheet – Administrator Shares (pdf)
- Wells Fargo Advantage Index – Share Class A
Index – Share Class A1
Cusip
94984B777
Ticker
TBD
Fund Management
Wells Capital Management–
Zieff
Evergreen Equity Index
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Index – Share Class B
Index – Share Class B
Cusip
94984B769
Ticker
TBD
Fund Management
Wells Capital Management–
Zieff
Evergreen Equity Index
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Index – Investor Share Class
Index – Investor Share Class
Cusip
949915730
Ticker
TBD
Fund Management
Wells Capital Management–
Zieff
Evergreen Equity Index
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Index – Administrator Share Class
Index – Administrator Share Class
Cusip
94975G686
Ticker
TBD
Fund Management
Wells Capital Management–
Zieff
Evergreen Equity Index
Download Fact Sheet – I Shares (pdf)
- Wells Fargo Advantage International Core – Share Class A
International Equity – Share Class A
Cusip
TBD
Ticker
TBD
Fund Management
Wells Capital Management–
Claro
Wells Fargo Advantage International Core
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage International Core – Share Class B
International Equity – Share Class B
Cusip
TBD
Ticker
TBD
Fund Management
Wells Capital Management–
Claro
Wells Fargo Advantage International Core
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage International Core – Share Class C
International Equity – Share Class C
Cusip
TBD
Ticker
TBD
Fund Management
Wells Capital Management–
Claro
Wells Fargo Advantage International Core
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage International Core – Administrator Share Class
International Equity – Administrator Share Class
Cusip
TBD
Ticker
TBD
Fund Management
Wells Capital Management–
Claro
Wells Fargo Advantage International Core
Download Fact Sheet – Administrator Class (pdf)
- Wells Fargo Advantage International Equity – Share Class A
Diversified International – Share Class A
Cusip
94975G678
Ticker
SILAX
Fund Management
Wells Capital Management–
Yockey, Lakonishok, Vermeulen, Mansharamani, Claro
Wells Fargo Advantage International Equity
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage International Equity – Share Class B
Diversified International – Share Class B
Cusip
94975G660
Ticker
SILBX
Fund Management
Wells Capital Management–
Yockey, Lakonishok, Vermeulen, Mansharamani, Claro
Wells Fargo Advantage International Equity
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage International Equity – Share Class C
Diversified International – Share Class C
Cusip
94975G652
Ticker
WFECX
Fund Management
Wells Capital Management–
Yockey, Lakonishok, Vermeulen, Mansharamani, Claro
Wells Fargo Advantage International Equity
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage International Equity – Institutional Share Class
Diversified International – Institutional Share Class
Cusip
949917322
Ticker
WFISX
Fund Management
Wells Capital Management–
Yockey, Lakonishok, Vermeulen, Mansharamani, Claro
Wells Fargo Advantage International Equity
Download Fact Sheet – Institutional/Administrator Class (pdf)
- Wells Fargo Advantage International Equity – Administrator Share Class
Diversified International – Administrator Share Class
Cusip
94975G645
Ticker
WFIEX
Fund Management
Wells Capital Management–
Yockey, Lakonishok, Vermeulen, Mansharamani, Claro
Wells Fargo Advantage International Equity
Download Fact Sheet – Institutional/Administrator Class (pdf)
- Wells Fargo Advantage International Equity – Investor Share Class
Diversified International – Investor Share Class
Cusip
94984B686
Ticker
WIEVX
Fund Management
Wells Capital Management –
Yockey, Lakonishok, Vermeulen, Mansharamani, Claro
Wells Fargo Advantage International Equity
Download Fact Sheet – Investor Share Class (pdf)
- Wells Fargo Advantage Large Cap Appreciation – Share Class A
Capital Growth – Share Class A
Cusip
949921100
Ticker
WFCGX
Fund Management
Wells Capital Management –
Pence, Harris
Wells Fargo Advantage Capital Growth
Download Fact Sheet – AC Shares (pdf)
- Wells Fargo Advantage Large Cap Appreciation – Share Class B
Capital Growth – Share Class A
Cusip
949921100
Ticker
WFCGX
Fund Management
Wells Capital Management –
Pence, Harris
Wells Fargo Advantage Capital Growth
Download Fact Sheet – AC Shares (pdf)
- Wells Fargo Advantage Large Cap Appreciation – Share Class C
Capital Growth – Share Class C
Cusip
949921209
Ticker
WFCCX
Fund Management
Wells Capital Management –
Pence, Harris
Wells Fargo Advantage Capital Growth
Download Fact Sheet – AC Shares (pdf)
- Wells Fargo Advantage Large Cap Appreciation – Institutional Share Class
Capital Growth – Institutional Share Class
Cusip
949915615
Ticker
WWCIX
Fund Management
Wells Capital Management –
Pence, Harris
Wells Fargo Advantage Capital Growth
Download Fact Sheet – Administrator/Institutional Shares (pdf)
- Wells Fargo Advantage Large Cap Appreciation – Administrator Share Class
Capital Growth – Administrator Share Class
Cusip
949915631
Ticker
WFCDX
Fund Management
Wells Capital Management –
Pence, Harris
Wells Fargo Advantage Capital Growth
Download Fact Sheet – Administrator/Institutional Shares (pdf)
- Wells Fargo Advantage Large Company Core – Share Class A
Large Cap Core – Share Class A
Cusip
TBD
Ticker
EGOAX
Fund Management
Golden Capital Management –
Moser
Evergreen Golden Large Cap Core
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Large Company Core – Share Class B
Large Cap Core – Share Class A
Cusip
TBD
Ticker
EGOAX
Fund Management
Golden Capital Management –
Moser
Evergreen Golden Large Cap Core
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Large Company Core – Share Class C
Large Cap Core – Share Class C
Cusip
TBD
Ticker
EGOCX
Fund Management
Golden Capital Management –
Moser
Evergreen Golden Large Cap Core
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Large Company Core – Institutional Share Class
Large Cap Core – Institutional Share Class
Cusip
TBD
Ticker
TBD
Fund Management
Golden Capital Management –
Moser
Evergreen Golden Large Cap Core
Download Fact Sheet – I Shares (pdf)
- Wells Fargo Advantage Large Company Core – Investor Share Class
Large Cap Core – Investor Share Class
Cusip
TBD
Ticker
TBD
Fund Management
Golden Capital Management –
Moser
Evergreen Golden Large Cap Core
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Large Company Core – Administrator Share Class
Large Cap Core – Administrator Share Class
Cusip
TBD
Ticker
EGOIX
Fund Management
Golden Capital Management –
Moser
Evergreen Golden Large Cap Core
Download Fact Sheet – I Shares (pdf)
- Wells Fargo Advantage Large Company Growth – Share Class A
Premier Large Company Growth – Share Class A
Cusip
TBD
Ticker
EKJAX
Fund Management
Wells Capital Management –
Hamzaogullari
Evergreen Large Company Growth
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Large Company Growth – Share Class B
Premier Large Company Growth – Share Class B
Cusip
TBD
Ticker
EKJBX
Fund Management
Wells Capital Management –
Hamzaogullari
Evergreen Large Company Growth
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Large Company Growth – Share Class C
Premier Large Company Growth – Share Class C
Cusip
TBD
Ticker
EKJCX
Fund Management
Wells Capital Management –
Hamzaogullari
Evergreen Large Company Growth
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Large Company Growth – Institutional Share Class
Premier Large Company Growth– Institutional Share Class
Cusip
TBD
Ticker
EKJYX
Fund Management
Wells Capital Management –
Hamzaogullari
Evergreen Large Company Growth
Download Fact Sheet – I Shares (pdf)
- Wells Fargo Advantage Large Company Growth – Administrator Share Class
Premier Large Company Growth – Administrator Share Class
Cusip
TBD
Ticker
TBD
Fund Management
Wells Capital Management –
Hamzaogullari
Evergreen Large Company Growth
Download Fact Sheet – I Shares (pdf)
- Wells Fargo Advantage Large Company Growth – Investor Share Class
Premier Large Company Growth – Investor Share Class
Cusip
TBD
Ticker
TBD
Fund Management
Wells Capital Management –
Hamzaogullari
Evergreen Large Company Growth
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Mid Cap Disciplined – Share Class A
Special Mid Cap Value – Share Class A
Cusip
949921308
Ticker
WFPAX
Fund Management
Wells Capital Management –
Tringas, VanCronkhite
Wells Fargo Advantage Mid Cap Disciplined
Download Fact Sheet – AC Shares (pdf)
- Wells Fargo Advantage Mid Cap Disciplined – Share Class C
Special Mid Cap Value – Share Class C
Cusip
949921407
Ticker
WFPCX
Fund Management
Wells Capital Management –
Tringas, VanCronkhite
Wells Fargo Advantage Mid Cap Disciplined
Download Fact Sheet – AC Shares (pdf)
- Wells Fargo Advantage Mid Cap Disciplined – Institutional Share Class
Special Mid Cap Value – Institutional Share Class
Cusip
949915482
Ticker
WFMIX
Fund Management
Wells Capital Management –
Tringas, VanCronkhite
Wells Fargo Advantage Mid Cap Disciplined
Download Fact Sheet – Administrator/InstitutionaI Shares (pdf)
- Wells Fargo Advantage Mid Cap Disciplined – Administrator Share Class
Special Mid Cap Value – Administrator Share Class
Cusip
949915516
Ticker
WFMDX
Fund Management
Wells Capital Management –
Tringas, VanCronkhite
Wells Fargo Advantage Mid Cap Disciplined
Download Fact Sheet – Administrator/InstitutionaI Shares (pdf)
- Wells Fargo Advantage Mid Cap Disciplined – Investor Share Class
Special Mid Cap Value – Investor Share Class
Cusip
949915490
Ticker
SMCDX
Fund Management
Wells Capital Management –
Tringas, VanCronkhite
Wells Fargo Advantage Mid Cap Disciplined
Download Fact Sheet – Investor Shares (pdf)
- Wells Fargo Advantage Municipal Money Market – Investor Share Class
Municipal Money Market – Investor Share Class
Cusip
949917413
Ticker
TBD
Fund Management
Wells Capital Management –
Kiselak
Evergreen Municipal Money Market
Download Fact Sheet – A Shares (pdf)
- Wells Fargo Advantage Municipal Money Market – Institutional Share Class
Municipal Money Market – Institutional Share Class
Cusip
949921555
Ticker
TBD
Fund Management
Wells Capital Management –
Kiselak
Evergreen Municipal Money Market
Download Fact Sheet – I Shares (pdf)
- Wells Fargo Advantage Overland Express Sweep
Money Market – Daily Class
Cusip
TBD
Ticker
N/A
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Money Market
- Wells Fargo Advantage Small Cap Disciplined – Share Class A
Intrinsic Small Cap Value – Share Class A
Cusip
949921746
Ticker
WFSMX
Fund Management
MetWest Capital Management –
Sikka, Peck, Alvarez
Wells Fargo Advantage Small Cap Disciplined
Download Fact Sheet – AC Shares (pdf)
- Wells Fargo Advantage Small Cap Disciplined – Share Class C
Intrinsic Small Cap Value – Share Class C
Cusip
949921738
Ticker
WSCDX
Fund Management
MetWest Capital Management –
Sikka, Peck, Alvarez
Wells Fargo Advantage Small Cap Disciplined
Download Fact Sheet – AC Shares (pdf)
- Wells Fargo Advantage Small Cap Disciplined – Institutional Share Class
Intrinsic Small Cap Value – Institutional Share Class
Cusip
949915235
Ticker
WFSSX
Fund Management
MetWest Capital Management –
Sikka, Peck, Alvarez
Wells Fargo Advantage Small Cap Disciplined
Download Fact Sheet – Administrator/Institutional Shares (pdf)
- Wells Fargo Advantage Small Cap Disciplined – Administrator Share Class
Intrinsic Small Cap Value – Administrator Share Class
Cusip
949915250
Ticker
WFSDX
Fund Management
MetWest Capital Management –
Sikka, Peck, Alvarez
Wells Fargo Advantage Small Cap Disciplined
Download Fact Sheet – Administrator/Institutional Shares (pdf)
- Wells Fargo Advantage Small Cap Disciplined – Investor Share Class
Intrinsic Small Cap Value – Investor Share Class
Cusip
949915243
Ticker
SCOVX
Fund Management
MetWest Capital Management –
Sikka, Peck, Alvarez
Wells Fargo Advantage Small Cap Disciplined
Download Fact Sheet – Investor Shares (pdf)
- Wells Fargo Advantage Specialized Financial Services – Share Class A
Classic Value – Share Class A
Cusip
TBD
Ticker
ETRAX
Fund Management
Wells Capital Management –
McCormick, Mishuris
Evergreen Equity Income
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Specialized Financial Services – Share Class B
Classic Value – Share Class B
Cusip
TBD
Ticker
ETRBX
Fund Management
Wells Capital Management –
McCormick, Mishuris
Evergreen Equity Income
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Specialized Financial Services – Share Class C
Classic Value – Share Class C
Cusip
TBD
Ticker
ETRCX
Fund Management
Wells Capital Management –
McCormick, Mishuris
Evergreen Equity Income
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Stable Income– Share Class A
Ultra Short-Term Income – Share Class A
Cusip
949917728
Ticker
SADAX
Fund Management
Wells Capital Management –
Mueller, Newton, Price
Wells Fargo Advantage Ultra Short-Term Income
Download Fact Sheet – AC Shares (pdf)
- Wells Fargo Advantage Stable Income– Share Class B
Ultra Short-Term Income – Share Class A
Cusip
949917728
Ticker
SADAX
Fund Management
Wells Capital Management –
Mueller, Newton, Price
Wells Fargo Advantage Ultra Short-Term Income
Download Fact Sheet – AC Shares (pdf)
- Wells Fargo Advantage Stable Income– Share Class C
Ultra Short-Term Income – Share Class C
Cusip
94984B710
Ticker
WUSTX
Fund Management
Wells Capital Management –
Mueller, Newton, Price
Wells Fargo Advantage Ultra Short-Term Income
Download Fact Sheet – AC Shares (pdf)
- Wells Fargo Advantage Stable Income– Admininstrator Share Class
Ultra Short-Term Income – Admininstrator Share Class
Cusip
949917710
Ticker
WUSDX
Fund Management
Wells Capital Management –
Mueller, Newton, Price
Wells Fargo Advantage Ultra Short-Term Income
Download Fact Sheet – Administrator/Institutional Shares (pdf)
- Wells Fargo Advantage Strategic Income – Share Class A
High Income – Share Class A
Cusip
949917512
Ticker
SHBAX
Fund Management
Wells Capital Management –
Price, Maas, Schueller
Wells Fargo Advantage High Income
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Strategic Income – Share Class B
High Income – Share Class B
Cusip
94984B736
Ticker
WFNBX
Fund Management
Wells Capital Management –
Price, Maas, Schueller
Wells Fargo Advantage High Income
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage Strategic Income – Share Class C
High Income – Share Class C
Cusip
94984B728
Ticker
WFNCX
Fund Management
Wells Capital Management –
Price, Maas, Schueller
Wells Fargo Advantage High Income
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage U.S. Value – Share Class A
Disciplined Value – Share Class A
Cusip
TBD
Ticker
EDSAX
Fund Management
Wells Capital Management –
Zieff
Evergreen Disciplined Value
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage U.S. Value – Share Class B
Disciplined Value – Share Class A
Cusip
TBD
Ticker
EDSAX
Fund Management
Wells Capital Management –
Zieff
Evergreen Disciplined Value
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage U.S. Value – Share Class C
Disciplined Value – Share Class C
Cusip
TBD
Ticker
EDSCX
Fund Management
Wells Capital Management –
Zieff
Evergreen Disciplined Value
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage U.S. Value – Investor Share Class
Disciplined Value – Investor Share Class
Cusip
TBD
Ticker
TBD
Fund Management
Wells Capital Management –
Zieff
Evergreen Disciplined Value
Download Fact Sheet – ABC Shares (pdf)
- Wells Fargo Advantage U.S. Value – Administrator Share Class
Disciplined Value – Administrator Share Class
Cusip
TBD
Ticker
EDSIX
Fund Management
Wells Capital Management –
Zieff
Evergreen Disciplined Value
Download Fact Sheet – I Shares (pdf)
- Wells Fargo Advantage VT Asset Allocation
VT Index Asset Allocation – Share Class 2
Cusip
949756100
Ticker
N/A
Fund Management
Wells Capital Management –
Mellas, Blomster, Genung
Wells Fargo Advantage VT Asset Allocation
- Wells Fargo Advantage VT C&B Large Cap Value
VT Intrinsic Value – Share Class 2
Cusip
TBD
Ticker
N/A
Fund Management
MetWest Capital Management –
Gleicher, Lisenbee, Graham, Peck
Wells Fargo Advantage VT Equity Income
- Wells Fargo Advantage VT Equity Income
VT Intrinsic Value – Share Class 2
Cusip
TBD
Ticker
N/A
Fund Management
MetWest Capital Management –
Gleicher, Lisenbee, Graham, Peck
Wells Fargo Advantage VT Equity Income
- Wells Fargo Advantage VT International Core
VT International Equity – Share Class 2
Cusip
949756605
Ticker
N/A
Fund Management
Wells Capital Management –
Claro
Wells Fargo Advantage VT International Core
- Wells Fargo Advantage VT Large Company Core
VT Core Equity – Share Class 2
Cusip
TBD
Ticker
N/A
Fund Management
Wells Capital Management –
McCormick, Sanders
Evergreen VA Fundamental Large Cap
- Wells Fargo Advantage VT Large Company Growth
VT Omega Growth – Share Class 2
Cusip
TBD
Ticker
N/A
Fund Management
Wells Capital Management –
Hamzaogullari
Evergreen VA Omega
- Wells Fargo Advantage VT Small Cap Growth
VT Small Cap Growth – Share Class 2
Cusip
949756886
Ticker
N/A
Fund Management
Wells Capital Management –
Philpott, Roberts
Wells Fargo Advantage VT Small Cap Growth
- Wells Fargo Advantage VT Small/Mid Cap Value
VT Small Cap Value – Share Class 2
Cusip
949756837
Ticker
N/A
Fund Management
Wells Capital Management –
Rinaldi
Wells Fargo Advantage VT Small/Mid Cap Value
These proposed changes are the result of recent approvals by the Wells Fargo Advantage Funds and Evergreen Funds Boards of Trustees of an integration plan for the two fund families. The Boards' decisions must be approved by the shareholders of the impacted funds. Proxy statements are expected to be mailed to shareholders of record in April, and upon shareholder approval, the reorganizations are expected to take place in 2010. For more information regarding the proposal, visit the Integration News section of our Web site.
*Please note: As of February 14, 2008 Class B shares were closed to new investors.
1The Fund is closed to new investors.
Additional Information and Where to Find It
The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
In connection with the proposed shell reorganizations and mergers, the acquirer will file a prospectus/proxy statement with the Securities and Exchange Commission. All shareholders are advised to read the prospectus/proxy statement in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, fees, expenses, risk considerations, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the prospectus/proxy statement to its shareholders once it is declared effective by the Commission. Shareholders may obtain a free copy of the prospectus/proxy statement when available and other documents filed by the acquirer with the Commission at the Commission's web site at http://www.sec.gov. Free copies of the prospectus/proxy statement, once available, may also be obtained by directing a request via mail, phone or e-mail to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, or atwww.wellsfargo.com/advantagefunds or by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, or at www.evergreeninvestments.com. The target and the acquirer also file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission's public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target's shareholders under the rules of the Commission will be set forth in prospectus/proxy statement when it is filed with the Commission.
Please refer to the prospectus provided by your participating insurance company for detailed information describing the separate accounts, including information regarding surrender charges, mortality and expense risk fees, and other charges that may be assessed by the participating insurance companies.
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 Fund seeks 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.
A portion of the municipal Funds' 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.
Stock fund values fluctuate in response to the activities of individual companies and general market and economic conditions. Bond fund 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 fund 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.
Carefully consider a fund's investment objectives, risks, charges, and expenses before investing. For a current prospectus, containing this and other information, visit www.evergreeninvestments.com for Evergreen Funds. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company's broker/dealer subsidiaries. Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC.
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This Web site is accompanied by current prospectuses for Wells Fargo Advantage Funds®, an EdVestSM program description(PDF), and a tomorrow's scholar® program description (PDF).
For 529 plans, an investor's or a designated beneficiary's home state may offer state tax or other benefits that are only available for investments in that state's qualified tuition program. Please consider this before investing.
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
©2010 Wells Fargo Funds Management, LLC. All rights reserved. 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 Managed Account Services, Wells Fargo Advantage Funds, and the EdVest and tomorrow's scholar plans. 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 FINRA/SIPC, an affiliate of Wells Fargo & Company.
This Web site is for information purposes only and is not intended as a solicitation to sell or buy any security. Wells Fargo Advantage Funds are offered by prospectus and only to residents of the United States. Wells Fargo does not control or endorse and is not responsible for third-party Web sites to which this site links.
Site Map | Terms of Use | PRIVACY POLICY | Proxy Policies & Voting Records | Security Policy
Wells Fargo Advantage Funds 1-800-359-3379
Wells Fargo Advantage Funds® & Evergreen Funds Merger Conversion Tool
The Merger Conversion Tool is designed to provide you with easy access to information regarding the proposed product line of the combined Wells Fargo Advantage Funds and Evergreen Funds.
Simply select the product you are interested in learning about from the drop down box below, and it will provide you with details on the proposed changes. If your fund is not listed then there are no changes proposed for your fund.
Top of Form
Select a Fund
Bottom of Form
If you currently own this Fund:
You will own this
Wells Fargo Advantage Fund:
Which will be managed
similarly to this Fund:
- Evergreen California Municipal Money Market – Share Class A
California Municipal Money Market – Share Class A
Cusip
94975H478
Ticker
SGCXX
Fund Management
Wells Capital Management –
Kiselak
Wells Fargo Advantage California Municipal Money Market
Download Fact Sheet – A Shares (pdf)
- Evergreen California Municipal Money Market – Share Class I
California Municipal Money Market – Service Class
Cusip
94975H460
Ticker
WFCXX
Fund Management
Wells Capital Management –
Kiselak
Wells Fargo Advantage California Municipal Money Market
Download Fact Sheet – Service Shares (pdf)
- Evergreen California Municipal Money Market – Share Class S
California Municipal Money Market – Sweep
Cusip
TBD
Ticker
N/A
Fund Management
Wells Capital Management –
Kiselak
Wells Fargo Advantage California Municipal Money Market
- Evergreen Institutional 100% Treasury Money Market – Share Class I
100% Treasury Money Market – Administrator Class
Cusip
TBD
Ticker
TBD
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage 100% Treasury Money Market
- Evergreen Institutional 100% Treasury Money Market – Share Class IS
100% Treasury Money Market – Service Class
Cusip
94975H270
Ticker
NWTXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage 100% Treasury Money Market
Download Fact Sheet – Service Shares
- Evergreen Institutional Money Market – Share Class AD
Heritage Money Market – Share Class I
Cusip
949917397
Ticker
SHIXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market
Download Fact Sheet – Institutional Shares
- Evergreen Institutional Money Market – Share Class I
Heritage Money Market – Share Class I
Cusip
949917397
Ticker
SHIXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market
Download Fact Sheet – Institutional Shares
- Evergreen Institutional Money Market – Share Class IN
Heritage Money Market – Share Class I
Cusip
949917397
Ticker
SHIXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market
Download Fact Sheet – Institutional Shares
- Evergreen Institutional Money Market – Share Class IS
Heritage Money Market – Service Class
Cusip
TBD
Ticker
TBD
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market
- Evergreen Institutional Money Market – Share Class P
Heritage Money Market – Service Class
Cusip
TBD
Ticker
TBD
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market
- Evergreen Institutional Municipal Money Market – Share Class AD
Municipal Cash Management Money Market – Share Class I
Cusip
TBD
Ticker
EMMXX
Fund Management
Wells Capital Management –
Kiselak
Evergreen Institutional Municipal Money Market
Download Fact Sheet – I Shares
- Evergreen Institutional Municipal Money Market – Share Class I
Municipal Cash Management Money Market – Share Class I
Cusip
TBD
Ticker
EMMXX
Fund Management
Wells Capital Management –
Kiselak
Evergreen Institutional Municipal Money Market
Download Fact Sheet – I Shares
- Evergreen Institutional Municipal Money Market – Share Class IN
Municipal Cash Management Money Market – Share Class I
Cusip
TBD
Ticker
EMMXX
Fund Management
Wells Capital Management –
Kiselak
Evergreen Institutional Municipal Money Market
Download Fact Sheet – I Shares
- Evergreen Institutional Municipal Money Market – Share Class IS
Municipal Cash Management Money Market – Service Class
Cusip
TBD
Ticker
EISXX
Fund Management
Wells Capital Management –
Kiselak
Evergreen Institutional Municipal Money Market
Download Fact Sheet – IS Shares
- Evergreen Institutional Municipal Money Market – Share Class P
Municipal Cash Management Money Market – Service Class
Cusip
TBD
Ticker
EISXX
Fund Management
Wells Capital Management –
Kiselak
Evergreen Institutional Municipal Money Market
Download Fact Sheet – IS Shares
- Evergreen Institutional Treasury Money Market – Share Class AD
Treasury Plus Money Market – Share Class I
Cusip
94975H296
Ticker
PISXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Treasury Plus Money Market
Download Fact Sheet – Institutional Shares
- Evergreen Institutional Treasury Money Market – Share Class I
Treasury Plus Money Market – Share Class I
Cusip
94975H296
Ticker
PISXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Treasury Plus Money Market
Download Fact Sheet – Institutional Shares
- Evergreen Institutional Treasury Money Market – Share Class IN
Treasury Plus Money Market – Share Class I
Cusip
94975H296
Ticker
PISXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Treasury Plus Money Market
Download Fact Sheet – Institutional Shares
- Evergreen Institutional Treasury Money Market – Share Class IS
Treasury Plus Money Market – Service Class
Cusip
94975H312
Ticker
PRVXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Treasury Plus Money Market
Download Fact Sheet – Service Shares
- Evergreen Institutional Treasury Money Market – Share Class P
Treasury Plus Money Market – Service Class
Cusip
94975H312
Ticker
PRVXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Treasury Plus Money Market
Download Fact Sheet – Service Shares
- Evergreen Institutional U.S. Government Money Market – Share Class I
Government Money Market – Share Class I
Cusip
94975P405
Ticker
GVIXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Government Money Market
Download Fact Sheet – Institutional Shares
- Evergreen Institutional U.S. Government Money Market – Share Class IN
Government Money Market – Share Class I
Cusip
94975P405
Ticker
GVIXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Government Money Market
Download Fact Sheet – Institutional Shares
- Evergreen Institutional U.S. Government Money Market – Share Class IS
Government Money Market – Service Class
Cusip
94975H254
Ticker
NWGXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Government Money Market
Download Fact Sheet – Service Shares
- Evergreen Institutional U.S. Government Money Market – Share Class P
Government Money Market – Service Class
Cusip
94975H254
Ticker
NWGXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Government Money Market
Download Fact Sheet – Service Shares
- Evergreen Money Market – Share Class A
Money Market – Share Class A
Cusip
94975H429
Ticker
STGXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Money Market
Download Fact Sheet – A Shares
- Evergreen Money Market – Share Class B1
Money Market – Share Class B
Cusip
94975H411
Ticker
N/A
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Money Market
Download Fact Sheet – B Shares
- Evergreen Money Market – Share Class C
Money Market – Share Class C
Cusip
TBD
Ticker
N/A
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Money Market
- Evergreen Money Market – Share Class I
Money Market – Service Class
Cusip
TBD
Ticker
TBD
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Money Market
- Evergreen Money Market – Share Class S
Money Market – Daily
Cusip
TBD
Ticker
N/A
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Money Market
- Evergreen Municipal Money Market – Share Class A
Municipal Money Market – Share Class A
Cusip
TBD
Ticker
TBD
Fund Management
Wells Capital Management –
Kiselak
Evergreen Municipal Money Market
Download Fact Sheet – A Shares
- Evergreen Municipal Money Market – Share Class I
Municipal Money Market – Service Class
Cusip
TBD
Ticker
TBD
Fund Management
Wells Capital Management –
Kiselak
Evergreen Municipal Money Market
- Evergreen Municipal Money Market – Share Class S
Municipal Money Market – Sweep
Cusip
TBD
Ticker
N/A
Fund Management
Wells Capital Management –
Kiselak
Evergreen Municipal Money Market
- Evergreen New Jersey Municipal Money Market – Share Class A
New Jersey Municipal Money Market – Share Class A
Cusip
TBD
Ticker
ENJXX
Fund Management
Wells Capital Management –
Kiselak
Evergreen New Jersey Municipal Money Market
Download Fact Sheet – A Shares
- Evergreen New Jersey Municipal Money Market – Share Class I
New Jersey Municipal Money Market – Service Class
Cusip
TBD
Ticker
EJMXX
Fund Management
Wells Capital Management –
Kiselak
Evergreen New Jersey Municipal Money Market
Download Fact Sheet – I Shares
- Evergreen New Jersey Municipal Money Market – Share Class S
New Jersey Municipal Money Market – Sweep
Cusip
TBD
Ticker
N/A
Fund Management
Wells Capital Management –
Kiselak
Evergreen New Jersey Municipal Money Market
- Evergreen New York Municipal Money Market – Share Class A
New York Municipal Money Market – Share Class A
Cusip
TBD
Ticker
ENYXX
Fund Management
Wells Capital Management –
Kiselak
Evergreen New York Municipal Money Market
Download Fact Sheet – A Shares
- Evergreen New York Municipal Money Market – Share Class I
New York Municipal Money Market – Service Class
Cusip
TBD
Ticker
ENIXX
Fund Management
Wells Capital Management –
Kiselak
Evergreen New York Municipal Money Market
Download Fact Sheet – I Shares
- Evergreen New York Municipal Money Market – Share Class S
New York Municipal Money Market – Sweep
Cusip
TBD
Ticker
N/A
Fund Management
Wells Capital Management –
Kiselak
Evergreen New York Municipal Money Market
- Evergreen Pennsylvania Municipal Money Market – Share Class A
Pennsylvania Municipal Money Market – Share Class A
Cusip
TBD
Ticker
EPPXX
Fund Management
Wells Capital Management –
Kiselak
Evergreen Pennsylvania Municipal Money Market
Download Fact Sheet – A Shares
- Evergreen Pennsylvania Municipal Money Market – Share Class I
Pennsylvania Municipal Money Market – Service Class
Cusip
TBD
Ticker
EPAXX
Fund Management
Wells Capital Management –
Kiselak
Evergreen Pennsylvania Municipal Money Market
Download Fact Sheet – I Shares
- Evergreen Pennsylvania Municipal Money Market – Share Class S
Pennsylvania Municipal Money Market – Sweep
Cusip
TBD
Ticker
N/A
Fund Management
Wells Capital Management –
Kiselak
Evergreen Pennsylvania Municipal Money Market
- Evergreen Prime Cash Management Money Market – Share Class AD
Heritage Money Market – Share Class I
Cusip
949917397
Ticker
SHIXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market
Download Fact Sheet – Institutional Shares
- Evergreen Prime Cash Management Money Market – Share Class I
Heritage Money Market – Share Class I
Cusip
949917397
Ticker
SHIXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market
Download Fact Sheet – Institutional Shares
- Evergreen Prime Cash Management Money Market – Share Class IN
Heritage Money Market – Share Class I
Cusip
949917397
Ticker
SHIXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market
Download Fact Sheet – Institutional Shares
- Evergreen Prime Cash Management Money Market – Share Class IS
Heritage Money Market – Service Class
Cusip
TBD
Ticker
TBD
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market
- Evergreen Prime Cash Management Money Market – Share Class P
Heritage Money Market – Service Class
Cusip
TBD
Ticker
TBD
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Heritage Money Market
- Evergreen Treasury Money Market – Share Class A
Treasury Plus Money Market – Share Class A
Cusip
94975H320
Ticker
PIVXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Treasury Plus Money Market
Download Fact Sheet – A Shares
- Evergreen Treasury Money Market – Share Class I
Treasury Plus Money Market – Service Class
Cusip
94975H312
Ticker
PRVXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Treasury Plus Money Market
Download Fact Sheet – Service Shares
- Evergreen Treasury Money Market – Share Class S
Treasury Plus Money Market – Share Sweep
Cusip
TBD
Ticker
N/A
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Treasury Plus Money Market
- Evergreen U.S. Government Money Market – Share Class A
Government Money Market – Share Class A
Cusip
94975H262
Ticker
WFGXX
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Government Money Market
Download Fact Sheet – A Shares
- Evergreen U.S. Government Money Market – Share Class S
Government Money Market – Sweep
Cusip
TBD
Ticker
N/A
Fund Management
Wells Capital Management –
Sylvester
Wells Fargo Advantage Government Money Market
These proposed changes are the result of recent approvals by the Wells Fargo Advantage Funds and Evergreen Boards of Trustees of an integration plan for the two fund families. The Boards' decisions must be approved by the shareholders of the impacted funds. Proxy statements are expected to be mailed to shareholders of record in April, and upon shareholder approval, the reorganizations are expected to take place in 2010. For more information regarding the proposal, visit the Integration News section of our Web site.
*Please note: As of February 14, 2008 Class B shares were closed to new investors.
Additional Information and Where to Find It
The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
In connection with the proposed shell reorganizations and mergers, the acquirer will file a prospectus/proxy statement with the Securities and Exchange Commission. All shareholders are advised to read the prospectus/proxy statement in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, fees, expenses, risk considerations, the persons soliciting proxies in connection with the transaction and the interests of these persons in the transaction and related matters. Target intends to mail the prospectus/proxy statement to its shareholders once it is declared effective by the Commission. Shareholders may obtain a free copy of the prospectus/proxy statement when available and other documents filed by the acquirer with the Commission at the Commission's web site at http://www.sec.gov. Free copies of the prospectus/proxy statement, once available, may also be obtained by directing a request via mail, phone or e-mail to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston MA, 02266-8266, 1-800-222-8222, or atwww.wellsfargo.com/advantagefunds or by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116, 1-800-343-2898, or at www.evergreeninvestments.com. The target and the acquirer also file annual and semi-annual reports and other information with the Commission. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the Commission's public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. Filings made with the Commission by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov.
Participants in the Solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target's shareholders under the rules of the Commission will be set forth in prospectus/proxy statement when it is filed with the Commission.
A portion of the municipal Funds' 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.
Any capital gains distributions may be taxable. The U.S. government guarantee applies to certain of the underlying securities and not to shares of the Funds.
Carefully consider a fund's investment objectives, risks, charges, and expenses before investing. For a current prospectus, containing this and other information, visit www.evergreeninvestments.com for Evergreen Funds. Read the prospectus carefully before investing.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company's broker/dealer subsidiaries. Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC.
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.
This Web site is accompanied by current prospectuses for Wells Fargo Advantage Funds®.
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
© 2010 Wells Fargo Funds Management, LLC. All rights reserved. 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.