UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSRS
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-09689
Wells Fargo Master Trust
(Exact name of registrant as specified in charter)
525 Market St., San Francisco, CA 94105
(Address of principal executive offices) (Zip code)
C. David Messman
Wells Fargo Funds Management, LLC
525 Market St., San Francisco, CA 94105
(Name and address of agent for service)
Registrant’s telephone number, including area code: 800-222-8222
Date of fiscal year end: February 29, 2012
Date of reporting period: August 31, 2012
ITEM 1. REPORT TO SHAREHOLDERS
Wells Fargo Advantage Dow Jones Target Date Funds
Semi-Annual Report
August 31, 2012
| n | | Wells Fargo Advantage Dow Jones Target Today FundSM |
| n | | Wells Fargo Advantage Dow Jones Target 2010 FundSM |
| n | | Wells Fargo Advantage Dow Jones Target 2015 FundSM |
| n | | Wells Fargo Advantage Dow Jones Target 2020 FundSM |
| n | | Wells Fargo Advantage Dow Jones Target 2025 FundSM |
| n | | Wells Fargo Advantage Dow Jones Target 2030 FundSM |
| n | | Wells Fargo Advantage Dow Jones Target 2035 FundSM |
| n | | Wells Fargo Advantage Dow Jones Target 2040 FundSM |
| n | | Wells Fargo Advantage Dow Jones Target 2045 FundSM |
| n | | Wells Fargo Advantage Dow Jones Target 2050 FundSM |
| n | | Wells Fargo Advantage Dow Jones Target 2055 FundSM |
Reduce clutter. Save trees.
Sign up for electronic delivery of prospectuses and shareholder reports at wellsfargo.com/advantagedelivery
Contents
The views expressed and any forward-looking statements are as of August 31, 2012, unless otherwise noted, and are those of the Fund managers and/or Wells Fargo Funds Management, LLC. Discussions of individual securities, or the markets generally, or any Wells Fargo Advantage Fund are not intended as individual recommendations. Future events or results may vary significantly from those expressed in any forward-looking statements; the views expressed are subject to change at any time in response to changing circumstances in the market. Wells Fargo Funds Management, LLC, disclaims any obligation to publicly update or revise any views expressed or forward-looking statements.
NOT FDIC INSURED ¡ NO BANK GUARANTEE ¡ MAY LOSE VALUE
Wells Fargo investment history
| | |
| 1932 | | Keystone creates one of the first mutual fund families. |
| 1971 | | Wells Fargo & Company introduces one of the first institutional index funds. |
| 1978 | | Wells Fargo applies Markowitz and Sharpe’s research on Modern Portfolio Theory to introduce one of the industry’s first tactical asset allocation models in institutional separately managed accounts. |
| 1984 | | Wells Fargo Stagecoach Funds launches its first asset allocation fund. |
| 1989 | | The tactical asset allocation (TAA) Model is first applied to Wells Fargo’s asset allocation mutual funds. |
| 1994 | | Wells Fargo introduces the LifePath Funds, one of the first suites of target date funds (now the Wells Fargo Advantage Dow Jones Target Date FundsSM). |
| 1996 | | Evergreen Investments and Keystone Funds merge. |
| 1997 | | Wells Fargo launches the Wells Fargo Advantage WealthBuilder PortfoliosSM, a fund-of-funds suite of products that includes the use of quantitative models to shift assets among investment styles. |
| 1999 | | Norwest Advantage Funds and Stagecoach Funds are reorganized into Wells Fargo Funds after the merger of Norwest and Wells Fargo. |
| 2002 | | Evergreen Retail and Evergreen Institutional companies form the umbrella asset management company, Evergreen Investments. |
| 2005 | | The integration of Strong Funds with Wells Fargo Funds creates Wells Fargo Advantage Funds, resulting in one of the top 20 mutual fund companies in the United States. |
| 2006 | | Wells Fargo Advantage Funds relaunches the target date product line as Wells Fargo Advantage Dow Jones Target Date Funds. |
| 2010 | | The mergers and reorganizations of Evergreen and Wells Fargo Advantage mutual funds are completed, unifying the families under the brand of Wells Fargo Advantage Funds. |
Wells Fargo Advantage Funds®
Wells Fargo Advantage Funds skillfully guides institutions, financial advisors, and individuals through the investment terrain to help them reach their financial objectives. Everything we do on behalf of 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. And, because we’re part of a highly diversified financial enterprise, we offer the depth of resources to help investors succeed.
Expertise
Our multi-boutique model offers investors access to the independent thinking of premier investment managers that have been chosen for their time-tested strategies. While each team specializes in a specific investment strategy, collectively they provide investors a wide choice of distinct investment styles. Our dedication to investment excellence doesn’t end with our expertise in manager selection—risk management, analysis, and rigorous ongoing review seek to ensure each manager’s investment process remains consistent.
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.
Carefully consider the investment objectives, risks, charges, and expenses before investing. For a current prospectus for Wells Fargo Advantage Funds, containing this and other information, visit wellsfargoadvantagefunds.com. 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.
“Dow Jones®” and “Dow Jones Target Date IndexesSM” are service marks of Dow Jones Trademark Holdings LLC (“Dow Jones”); have been licensed to CME Group Index Services LLC (“CME Indexes”); and have been sublicensed for use for certain purposes by Global Index Advisors, Inc., and Wells Fargo Funds Management, LLC. 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, CME Indexes, or their respective affiliates, and none of them makes any representation regarding the advisability of investing in such product(s).
NOT FDIC INSURED ¡ NO BANK GUARANTEE ¡ MAY LOSE VALUE
Not part of the semi-annual report.
Wells Fargo Advantage Funds offers more than 110 mutual funds across a wide range of asset classes, representing over $213 billion in assets under management, as of August 31, 2012.
| | | | |
| Equity funds | | | | |
Asia Pacific Fund | | Enterprise Fund† | | Opportunity Fund† |
C&B Large Cap Value Fund | | Equity Value Fund | | Precious Metals Fund |
C&B Mid Cap Value Fund | | Global Opportunities Fund | | Premier Large Company Growth Fund |
Capital Growth Fund | | Growth Fund | | Small Cap Opportunities Fund |
Common Stock Fund | | Index Fund | | Small Cap Value Fund |
Disciplined U.S. Core Fund | | International Equity Fund | | Small Company Growth Fund |
Discovery Fund† | | International Value Fund | | Small Company Value Fund |
Diversified Equity Fund | | Intrinsic Small Cap Value Fund | | Small/Mid Cap Core Fund |
Diversified International Fund | | Intrinsic Value Fund | | Small/Mid Cap Value Fund |
Diversified Small Cap Fund | | Intrinsic World Equity Fund | | Special Mid Cap Value Fund |
Emerging Growth Fund | | Large Cap Core Fund | | Special Small Cap Value Fund |
Emerging Markets Equity Fund | | Large Cap Growth Fund | | Specialized Technology Fund |
Emerging Markets Equity Income Fund | | Large Company Value Fund | | Traditional Small Cap Growth Fund |
Endeavor Select Fund† | | Omega Growth Fund | | Utility and Telecommunications Fund |
| Bond funds | | | | |
Adjustable Rate Government Fund | | Inflation-Protected Bond Fund | | Short-Term Bond Fund |
California Limited-Term Tax-Free Fund | | Intermediate Tax/AMT-Free Fund | | Short-Term High Yield Bond Fund |
California Tax-Free Fund | | International Bond Fund | | Short-Term Municipal Bond Fund |
Colorado Tax-Free Fund | | Minnesota Tax-Free Fund | | Strategic Municipal Bond Fund |
Emerging Markets Local Bond Fund | | Municipal Bond Fund | | Total Return Bond Fund |
Government Securities Fund | | North Carolina Tax-Free Fund | | Ultra Short-Term Income Fund |
High Income Fund | | Pennsylvania Tax-Free Fund | | Ultra Short-Term Municipal Income Fund |
High Yield Bond Fund | | Short Duration Government Bond Fund | | Wisconsin Tax-Free Fund |
Income Plus Fund | | | | |
| Asset allocation funds | | | | |
Absolute Return Fund | | WealthBuilder Equity Portfolio† | | Target 2020 Fund† |
Asset Allocation Fund | | WealthBuilder Growth Allocation Portfolio† | | Target 2025 Fund† |
Conservative Allocation Fund | | WealthBuilder Growth Balanced Portfolio† | | Target 2030 Fund† |
Diversified Capital Builder Fund | | WealthBuilder Moderate Balanced Portfolio† | | Target 2035 Fund† |
Diversified Income Builder Fund | | WealthBuilder Tactical Equity Portfolio† | | Target 2040 Fund† |
Growth Balanced Fund | | Target Today Fund† | | Target 2045 Fund† |
Index Asset Allocation Fund | | Target 2010 Fund† | | Target 2050 Fund† |
Moderate Balanced Fund | | Target 2015 Fund† | | Target 2055 Fund† |
WealthBuilder Conservative Allocation Portfolio† | | | | |
| Money market funds | | | | |
100% Treasury Money Market Fund | | Heritage Money Market Fund† | | National Tax-Free Money Market Fund |
California Municipal Money Market Fund | | Money Market Fund | | Prime Investment Money Market Fund |
Cash Investment Money Market Fund | | Municipal Cash Management Money Market Fund | | Treasury Plus Money Market Fund |
Government Money Market Fund | | Municipal Money Market Fund | | |
| Variable trust funds1 | | | | |
VT Discovery Fund† | | VT Intrinsic Value Fund | | VT Small Cap Growth Fund |
VT Index Asset Allocation Fund | | VT Omega Growth Fund | | VT Small Cap Value Fund |
VT International Equity Fund | | VT Opportunity Fund† | | VT Total Return Bond 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 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.
| 1. | The variable trust funds are generally available only through insurance company variable contracts. |
| † | In this report, the Wells Fargo Advantage Discovery FundSM, Wells Fargo Advantage Endeavor Select FundSM, Wells Fargo Advantage Enterprise FundSM, Wells Fargo Advantage Opportunity FundSM, Wells Fargo Advantage WealthBuilder Conservative Allocation PortfolioSM, Wells Fargo Advantage WealthBuilder Equity PortfolioSM, Wells Fargo Advantage WealthBuilder Growth Allocation PortfolioSM, Wells Fargo Advantage WealthBuilder Growth Balanced PortfolioSM, Wells Fargo Advantage WealthBuilder Moderate Balanced PortfolioSM, Wells Fargo Advantage WealthBuilder Tactical Equity PortfolioSM, Wells Fargo Advantage Dow Jones Target Today FundSM, Wells Fargo Advantage Dow Jones Target 2010 FundSM, Wells Fargo Advantage Dow Jones Target 2015 FundSM, Wells Fargo Advantage Dow Jones Target 2020 FundSM, Wells Fargo Advantage Dow Jones Target 2025 FundSM, Wells Fargo Advantage Dow Jones Target 2030 FundSM, Wells Fargo Advantage Dow Jones Target 2035 FundSM, Wells Fargo Advantage Dow Jones Target 2040 FundSM, Wells Fargo Advantage Dow Jones Target 2045 FundSM, Wells Fargo Advantage Dow Jones Target 2050 FundSM, Wells Fargo Advantage Dow Jones Target 2055 FundSM, Wells Fargo Advantage Heritage Money Market FundSM, Wells Fargo Advantage VT Discovery FundSM, and Wells Fargo Advantage VT Opportunity FundSM are referred to as the Discovery Fund, Endeavor Select Fund, Enterprise Fund, Opportunity Fund, WealthBuilder Conservative Allocation Portfolio, WealthBuilder Equity Portfolio, WealthBuilder Growth Allocation Portfolio, WealthBuilder Growth Balanced Portfolio, WealthBuilder Moderate Balanced Portfolio, WealthBuilder Tactical Equity Portfolio, Target Today Fund, Target 2010 Fund, Target 2015 Fund, Target 2020 Fund, Target 2025 Fund, Target 2030 Fund, Target 2035 Fund, Target 2040 Fund, Target 2045 Fund, Target 2050 Fund, Target 2055 Fund, Heritage Money Market Fund, VT Discovery Fund, and VT Opportunity Fund, respectively. |
Not part of the semi-annual report.
| | | | |
| 2 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Letter to shareholders (unaudited) |
Karla M. Rabusch
President
Wells Fargo Advantage Funds
The beginning of the period was marked by increased confidence that the U.S. economy was staging a fragile recovery, but some of that positive momentum was offset by continued concerns about the possible effects that the ongoing European sovereign debt crisis would have on the global economy.
Dear Valued Shareholder:
We are pleased to offer you this semi-annual report for the Wells Fargo Advantage Dow Jones Target Date FundsSM for the six-month period that ended August 31, 2012. The beginning of the period was marked by increased confidence that the U.S. economy was staging a fragile recovery, but some of that positive momentum was offset by continued concerns about the possible effects that the ongoing European sovereign debt crisis—which began in Greece and later spread to the larger economies of Italy and Spain—would have on the global economy. As measured by various Russell Indexes, large-cap U.S. stocks posted solid gains for the period. However, indexes of small-cap stocks—which tend to be more economically sensitive—returned modest gains or minor losses. Major international stock indexes ended the period with losses in U.S. dollar terms. From a fixed-income perspective, both the U.S. and international bond markets realized positive total returns during the reporting period. Specifically, U.S. corporate debt—both investment-grade and high-yield—led the major bond sectors, outperforming both U.S. mortgage-backed securities and U.S. Treasury securities during the six-month period.
Macroeconomic optimism faded as global growth slowed and worries rose.
Early in the reporting period, global economic numbers supported the case for a gradual recovery. Real gross domestic product (GDP) growth for the U.S. remained positive in the first quarter of 2012, with GDP increasing by 2.0% on an annualized basis.
Concerns about the Greek credit crisis waxed and waned ahead of and throughout the six-month period. At the onset of the reporting period, in March 2012, the Greek government came to an agreement with its creditors, allowing the country to write down the principal on most of its bonds in exchange for increased financial austerity. By the end of the reporting period, however, the agreement appeared to be on the verge of unraveling. In May 2012, legislative elections left no single party with enough seats to form a government, and none of the parties were able to form a ruling coalition. Even more worrisome, Spain nationalized Bankia—the nation’s fourth-largest bank—putting more than
19 billion euros into the bank after it suffered heavy losses from property loans. The move refocused investor attention on Spain’s weak economy and depressed property sector, and Spanish bonds sold off.
By mid-June 2012, analysts were openly discussing the possibility of a crisis within the European banking system, a worry that remained near the forefront as the reporting period ended. During the final month of the six-month period, however, the European Central Bank (ECB) and several key members of the eurozone, including France and Germany, announced their commitment to maintaining the integrity of the single currency. Despite the progress made across Europe in further addressing its ongoing debt issues, there remains a prolonged uncertainty about the eurozone and global economic growth.
U.S. economic data remained mixed.
For most of the period, U.S. economic data remained tepid. Reported GDP came in at a 1.7% annualized rate in the second quarter of 2012. Although GDP growth slowed during the period, continued economic growth in the U.S. contrasted with the more uncertain picture in Europe.
| | | | | | |
| Letter to shareholders (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 3 | |
The main piece of negative economic data was the unemployment rate, which remained at relatively high levels throughout the period. Although the unemployment rate declined—from 8.3% in February 2012 to 8.1% in August 2012—part of the decline could be attributed to a decline in the labor force. (Individuals are only counted as unemployed if they are officially looking for work.) Toward the end of the period, data indicated that the U.S. economy was adding fewer jobs than expected, leading to concerns that the country’s economic growth was slowing.
Central banks continued to provide stimulus.
Throughout the reporting period, the Federal Open Market Committee (FOMC) kept its key interest rates effectively at zero in order to support the economy and financial system. In early January 2012, prior to the reporting period, in response to extreme market volatility and signs of a weakening economy, the Federal Reserve (Fed) restated its intention to keep interest rates low until, at least, late 2014. After the reporting period, this timeline was revised to late 2015 following the FOMC meeting on September 13, 2012, based, in part, on the sluggish labor market.
At the beginning of the period, the ECB had a key rate of 1.00%, which it had lowered from its previous level of 1.25% in response to weakness in the southern European economies. In July 2012, the ECB again cut its main interest rate to a historic low of 0.75%, in hopes of offering relief to the eurozone’s sluggish economy amid signs that inflationary pressures were fading.
We use time-tested investment strategies, even as many variables are at work in the market.
The full effect of the credit crisis remains unknown. Elevated unemployment and debt defaults continue to pressure consumers and businesses alike. In our experience, strict adherence to time-tested investment strategies has its rewards. As a whole, Wells Fargo Advantage Funds represents investments across a range of asset classes and investment styles, giving you an opportunity to create a diversified investment portfolio. While diversification may not prevent losses in a downturn, we believe it helps to manage risk.
Thank you for choosing to invest with Wells Fargo Advantage Funds. We appreciate your confidence in us and remain committed to helping you meet your financial needs. For current information about your fund investments, contact your investment professional, visit our website at wellsfargoadvantagefunds.com, or call us directly at 1-800-222-8222. We are available 24 hours a day, 7 days a week.
Sincerely,
Karla M. Rabusch
President
Wells Fargo Advantage Funds
Throughout the reporting period, the Federal Open Market Committee (FOMC) kept its key interest rates effectively at zero in order to support the economy and financial system.
| | | | |
| 4 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Letter to shareholders (unaudited) |
Notice to Shareholders
At a meeting held on August 14-15, 2012, the Board of Trustees approved the following changes to the Wells Fargo Advantage Dow Jones Target Date Funds series:
| | n | | The renaming and modification of Institutional Class shares to assume the features and attributes of Class R6 shares by May 31, 2013. | |
| | n | | The implementation of new expense caps for certain classes. | |
Please contact your investment professional or call us directly at 1-800-222-8222 if you have any questions on this Notice to Shareholders.
| | | | | | |
| Performance highlights (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 5 | |
Wells Fargo Advantage Dow Jones Target Date Funds1
Investment objective
Each Fund’s objective is to approximate, before fees and expenses, the total return of the appropriate Dow Jones Target Date Index as specified in the following table:
| | |
Wells Fargo Advantage Dow
Jones Target Date Funds | | Corresponding Dow Jones
Target Date Index |
| Target Today Fund | | Dow Jones Target Today Index |
| Target 2010 Fund | | Dow Jones Target 2010 Index |
| Target 2015 Fund | | Dow Jones Target 2015 Index |
| Target 2020 Fund | | Dow Jones Target 2020 Index |
| Target 2025 Fund | | Dow Jones Target 2025 Index |
| Target 2030 Fund | | Dow Jones Target 2030 Index |
| Target 2035 Fund | | Dow Jones Target 2035 Index |
| Target 2040 Fund | | Dow Jones Target 2040 Index |
| Target 2045 Fund | | Dow Jones Target 2045 Index |
| Target 2050 Fund | | Dow Jones Target 2050 Index |
| Target 2055 Fund | | Dow Jones Target 2055 Index |
Adviser
Wells Fargo Funds Management, LLC
Subadviser
Global Index Advisors, Inc.
Portfolio managers
Rodney H. Alldredge
James P. Lauder
Paul T. Torregrosa, Ph.D
The target date represents the year in which investors may likely begin withdrawing assets. The Funds gradually seek to reduce market risk as the target date approaches and after it arrives by decreasing equity exposure and increasing fixed income exposure. The principal value is not guaranteed at any time, including at the target date.
Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. Bond values fluctuate in response to the financial condition of individual issuers, general market and economic conditions, and changes in interest rates. In general, when interest rates rise, bond values fall and investors may lose principal value. The use of derivatives may reduce returns and/or increase volatility. Certain investment strategies tend to increase the total risk of an investment (relative to the broader market). These Funds are exposed to foreign investment risk, mortgage- and asset-backed securities risk, smaller-company investment risk and allocation methodology risk (risk that the allocation methodology of the Dow Jones Target Date Index, whose total returns the Funds seek to approximate, before fees and expenses, will not meet an investor’s goals). Consult the prospectus for additional information on these and other risks.
Please see footnotes on page 18.
| | | | |
| 6 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Performance highlights (unaudited) |
Target Today Fund
Average annual total returns (%) as of August 31, 2012
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | Including sales charge | | | Excluding sales charge | | | Expense ratios2 (%) | |
| | | Inception date | | 1 year | | | 5 year | | | 10 year | | | 1 year | | | 5 year | | | 10 year | | | Gross | | | Net3 | |
| Class A (STWRX)* | | 3-1-94 | | | (1.78 | ) | | | 3.42 | | | | 4.36 | | | | 4.23 | | | | 4.66 | | | | 4.98 | | | | 1.07 | | | | 0.96 | |
| Class B (WFOKX)** | | 8-1-98 | | | (1.61 | ) | | | 3.53 | | | | 4.45 | | | | 3.39 | | | | 3.87 | | | | 4.45 | | | | 1.82 | | | | 1.71 | |
| Class C (WFODX) | | 12-1-98 | | | 2.43 | | | | 3.86 | | | | 4.20 | | | | 3.43 | | | | 3.86 | | | | 4.20 | | | | 1.82 | | | | 1.71 | |
| Administrator Class (WFLOX) | | 11-8-99 | | | – | | | | – | | | | – | | | | 4.34 | | | | 4.84 | | | | 5.25 | | | | 0.91 | | | | 0.80 | |
| Institutional Class (WOTDX)4 | | 6-29-04 | | | – | | | | – | | | | – | | | | 4.70 | | | | 5.17 | | | | 5.48 | | | | 0.64 | | | | 0.45 | |
| Investor Class (WFBTX)4 | | 1-31-07 | | | – | | | | – | | | | – | | | | 4.31 | | | | 4.81 | | | | 5.22 | | | | 1.13 | | | | 0.86 | |
| Dow Jones Target Today Index5 | | – | | | – | | | | – | | | | – | | | | 5.03 | | | | 5.68 | | | | 6.31 | | | | – | | | | – | |
| Russell 3000® Index6 | | – | | | – | | | | – | | | | – | | | | 17.03 | | | | 1.50 | | | | 7.01 | | | | – | | | | – | |
| Barclays U.S. Aggregate Bond Index7 | | – | | | – | | | | – | | | | – | | | | 5.78 | | | | 6.66 | | | | 5.48 | | | | – | | | | – | |
| * | | Class A shares are closed to new investors. |
| ** | | Class B shares are closed to investment, except in connection with the reinvestment of any distributions and permitted exchanges. |
Figures quoted represent past performance, which is no guarantee of future results and do not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of fund shares. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance shown without sales charges would be lower if sales charges were reflected. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Current month-end performance is available on the Fund’s website, wellsfargoadvantagefunds.com.
Index returns do not include transaction costs associated with buying and selling securities, any mutual fund fees or expenses or any taxes. It is not possible to invest directly in an index.
For Class A shares, the maximum front-end sales charge is 5.75%. For Class B shares, the maximum contingent deferred sales charge is 5.00%. For Class C shares, the maximum contingent deferred sales charge is 1.00%. Performance including sales charge assumes the sales charge for the corresponding time period. Performance shown without sales charge would be lower if sales charges were reflected. Administrator Class, Institutional Class and Investor Class shares are sold without a front-end sales charge or contingent deferred sales charge.
Please see footnotes on page 18.
| | | | | | |
| Performance highlights (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 7 | |
Target 2010 Fund
Average annual total returns (%) as of August 31, 2012
| | | | | | | | | | | | | | | | | | |
| | | | | Including sales charge | | Excluding sales charge | | Expense ratios2 (%) |
| | | Inception date | | 1 year | | 5 year | | 10 year | | 1 year | | 5 year | | 10 year | | Gross | | Net3 |
| Class A (STNRX)* | | 3-1-94 | | (1.36) | | 2.61 | | 4.66 | | 4.62 | | 3.83 | | 5.29 | | 1.08 | | 0.99 |
| Class B (SPTBX)** | | 3-1-97 | | (1.23) | | 2.70 | | 4.76 | | 3.77 | | 3.05 | | 4.76 | | 1.83 | | 1.74 |
| Class C (WFOCX) | | 12-1-98 | | 2.85 | | 3.06 | | 4.52 | | 3.85 | | 3.06 | | 4.52 | | 1.83 | | 1.74 |
| Administrator Class (WFLGX) | | 11-8-99 | | – | | – | | – | | 4.77 | | 4.05 | | 5.56 | | 0.92 | | 0.83 |
| Institutional Class (WFOAX)4 | | 6-29-04 | | – | | – | | – | | 5.20 | | 4.37 | | 5.78 | | 0.65 | | 0.48 |
| Investor Class (WFCTX)4 | | 1-31-07 | | – | | – | | – | | 4.78 | | 4.01 | | 5.52 | | 1.14 | | 0.89 |
| Dow Jones Target 2010 Index5 | | – | | – | | – | | – | | 5.49 | | 4.89 | | 7.24 | | – | | – |
| Russell 3000® Index6 | | – | | – | | – | | – | | 17.03 | | 1.50 | | 7.01 | | – | | – |
| Barclays U.S. Aggregate Bond Index7 | | – | | – | | – | | – | | 5.78 | | 6.66 | | 5.48 | | – | | – |
| * | | Class A shares are closed to new investors. |
| ** | | Class B shares are closed to investment, except in connection with the reinvestment of any distributions and permitted exchanges. |
Figures quoted represent past performance, which is no guarantee of future results and do not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of fund shares. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance shown without sales charges would be lower if sales charges were reflected. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Current month-end performance is available on the Fund’s website, wellsfargoadvantagefunds.com.
Index returns do not include transaction costs associated with buying and selling securities, any mutual fund fees or expenses or any taxes. It is not possible to invest directly in an index.
For Class A shares, the maximum front-end sales charge is 5.75%. For Class B shares, the maximum contingent deferred sales charge is 5.00%. For Class C shares, the maximum contingent deferred sales charge is 1.00%. Performance including sales charge assumes the sales charge for the corresponding time period. Performance shown without sales charge would be lower if sales charges were reflected. Administrator Class, Institutional Class and Investor Class shares are sold without a front-end sales charge or contingent deferred sales charge.
Please see footnotes on page 18.
| | | | |
| 8 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Performance highlights (unaudited) |
Target 2015 Fund
Average annual total returns (%) as of August 31, 2012
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | Expense ratios2 (%) | |
| | | Inception date | | 1 year | | | 5 year | | | Since inception | | | Gross | | | Net3 | |
| Administrator Class (WFFFX) | | 6-29-07 | | | 5.25 | | | | 3.36 | | | | 3.26 | | | | 0.92 | | | | 0.84 | |
| Institutional Class (WFSCX) | | 6-29-07 | | | 5.57 | | | | 3.64 | | | | 3.53 | | | | 0.65 | | | | 0.49 | |
| Investor Class (WFQEX) | | 6-29-07 | | | 5.18 | | | | 3.32 | | | | 3.23 | | | | 1.14 | | | | 0.90 | |
| Dow Jones Target 2015 Index5 | | – | | | 5.93 | | | | 4.10 | | | | 4.04 | | | | – | | | | – | |
| Russell 3000® Index6 | | – | | | 17.03 | | | | 1.50 | | | | 1.05 | | | | – | | | | – | |
| Barclays U.S. Aggregate Bond Index7 | | – | | | 5.78 | | | | 6.66 | | | | 6.86 | | | | – | | | | – | |
Figures quoted represent past performance, which is no guarantee of future results and do not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of fund shares. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Current month-end performance is available on the Fund’s website, wellsfargoadvantagefunds.com.
Index returns do not include transaction costs associated with buying and selling securities, any mutual fund fees or expenses or any taxes. It is not possible to invest directly in an index.
Administrator Class, Institutional Class and Investor Class shares are sold without a front-end sales charge or contingent deferred sales charge.
Please see footnotes on page 18.
| | | | | | |
| Performance highlights (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 9 | |
Target 2020 Fund
Average annual total returns (%) as of August 31, 2012
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | Including sales charge | | | Excluding sales charge | | | Expense ratios2 (%) | |
| | | Inception date | | 1 year | | | 5 year | | | 10 year | | | 1 year | | | 5 year | | | 10 year | | | Gross | | | Net3 | |
| Class A (STTRX)* | | 3-1-94 | | | (0.36 | ) | | | 1.20 | | | | 4.96 | | | | 5.72 | | | | 2.41 | | | | 5.58 | | | | 1.05 | | | | 1.01 | |
| Class B (STPBX)** | | 3-1-97 | | | (0.11 | ) | | | 1.26 | | | | 5.05 | | | | 4.89 | | | | 1.64 | | | | 5.05 | | | | 1.80 | | | | 1.76 | |
| Class C (WFLAX) | | 12-1-98 | | | 3.86 | | | | 1.63 | | | | 4.81 | | | | 4.86 | | | | 1.63 | | | | 4.81 | | | | 1.80 | | | | 1.76 | |
| Administrator Class (WFLBX) | | 11-8-99 | | | – | | | | – | | | | – | | | | 5.82 | | | | 2.63 | | | | 5.85 | | | | 0.89 | | | | 0.85 | |
| Institutional Class (WFOBX)4 | | 6-30-04 | | | – | | | | – | | | | – | | | | 6.25 | | | | 2.93 | | | | 6.09 | | | | 0.62 | | | | 0.50 | |
| Investor Class (WFDTX)4 | | 1-31-07 | | | – | | | | – | | | | – | | | | 5.76 | | | | 2.56 | | | | 5.82 | | | | 1.11 | | | | 0.91 | |
| Dow Jones Target 2020 Index5 | | – | | | – | | | | – | | | | – | | | | 6.54 | | | | 3.34 | | | | 8.09 | | | | – | | | | – | |
| Russell 3000® Index6 | | – | | | – | | | | – | | | | – | | | | 17.03 | | | | 1.50 | | | | 7.01 | | | | – | | | | – | |
| Barclays U.S. Aggregate Bond Index7 | | – | | | – | | | | – | | | | – | | | | 5.78 | | | | 6.66 | | | | 5.48 | | | | – | | | | – | |
| * | | Class A shares are closed to new investors. |
| ** | | Class B shares are closed to investment, except in connection with the reinvestment of any distributions and permitted exchanges. |
Figures quoted represent past performance, which is no guarantee of future results and do not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of fund shares. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance shown without sales charges would be lower if sales charges were reflected. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Current month-end performance is available on the Fund’s website, wellsfargoadvantagefunds.com.
Index returns do not include transaction costs associated with buying and selling securities, any mutual fund fees or expenses or any taxes. It is not possible to invest directly in an index.
For Class A shares, the maximum front-end sales charge is 5.75%. For Class B shares, the maximum contingent deferred sales charge is 5.00%. For Class C shares, the maximum contingent deferred sales charge is 1.00%. Performance including sales charge assumes the sales charge for the corresponding time period. Performance shown without sales charge would be lower if sales charges were reflected. Administrator Class, Institutional Class and Investor Class shares are sold without a front-end sales charge or contingent deferred sales charge.
Please see footnotes on page 18.
| | | | |
| 10 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Performance highlights (unaudited) |
Target 2025 Fund
Average annual total returns (%) as of August 31, 2012
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | Expense ratios2 (%) | |
| | | Inception date | | 1 year | | | 5 year | | | Since inception | | | Gross | | | Net3 | |
| Administrator Class (WFTRX) | | 6-29-07 | | | 6.58 | | | | 2.17 | | | | 1.80 | | | | 0.91 | | | | 0.85 | |
| Institutional Class (WFTYX) | | 6-29-07 | | | 6.86 | | | | 2.42 | | | | 2.04 | | | | 0.64 | | | | 0.50 | |
| Investor Class (WFGYX) | | 6-29-07 | | | 6.41 | | | | 2.11 | | | | 1.74 | | | | 1.13 | | | | 0.91 | |
| Dow Jones Target 2025 Index5 | | – | | | 7.25 | | | | 2.73 | | | | 2.44 | | | | – | | | | – | |
| Russell 3000® Index6 | | – | | | 17.03 | | | | 1.50 | | | | 1.05 | | | | – | | | | – | |
| Barclays U.S. Aggregate Bond Index7 | | – | | | 5.78 | | | | 6.66 | | | | 6.86 | | | | – | | | | – | |
Figures quoted represent past performance, which is no guarantee of future results and do not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of fund shares. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Current month-end performance is available on the Fund’s website, wellsfargoadvantagefunds.com.
Index returns do not include transaction costs associated with buying and selling securities, any mutual fund fees or expenses or any taxes. It is not possible to invest directly in an index.
Administrator Class, Institutional Class and Investor Class shares are sold without a front-end sales charge or contingent deferred sales charge.
Please see footnotes on page 18.
| | | | | | |
| Performance highlights (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 11 | |
Target 2030 Fund
Average annual total returns (%) as of August 31, 2012
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | Including sales charge | | | Excluding sales charge | | | Expense ratios2 (%) | |
| | | Inception date | | 1 year | | | 5 year | | | 10 year | | | 1 year | | | 5 year | | | 10 year | | | Gross | | | Net3 | |
| Class A (STHRX)* | | 3-1-94 | | | 0.76 | | | | 0.07 | | | | 5.18 | | | | 6.92 | | | | 1.26 | | | | 5.80 | | | | 1.07 | | | | 1.02 | |
| Class B (SGPBX)** | | 3-1-97 | | | 1.13 | | | | 0.11 | | | | 5.28 | | | | 6.13 | | | | 0.51 | | | | 5.28 | | | | 1.82 | | | | 1.77 | |
| Class C (WFDMX) | | 12-1-98 | | | 5.06 | | | | 0.50 | | | | 5.03 | | | | 6.06 | | | | 0.50 | | | | 5.03 | | | | 1.82 | | | | 1.77 | |
| Administrator Class (WFLIX) | | 11-8-99 | | | – | | | | – | | | | – | | | | 7.09 | | | | 1.48 | | | | 6.08 | | | | 0.91 | | | | 0.86 | |
| Institutional Class (WFOOX)4 | | 6-29-04 | | | – | | | | – | | | | – | | | | 7.47 | | | | 1.77 | | | | 6.30 | | | | 0.64 | | | | 0.51 | |
| Investor Class (WFETX)4 | | 1-31-07 | | | – | | | | – | | | | – | | | | 7.05 | | | | 1.43 | | | | 6.04 | | | | 1.13 | | | | 0.92 | |
| Dow Jones Target 2030 Index5 | | – | | | – | | | | – | | | | – | | | | 7.79 | | | | 2.13 | | | | 8.74 | | | | – | | | | – | |
| Russell 3000® Index6 | | – | | | – | | | | – | | | | – | | | | 17.03 | | | | 1.50 | | | | 7.01 | | | | – | | | | – | |
| Barclays U.S. Aggregate Bond Index7 | | – | | | – | | | | – | | | | – | | | | 5.78 | | | | 6.66 | | | | 5.48 | | | | – | | | | – | |
| * | | Class A shares are closed to new investors. |
| ** | | Class B shares are closed to investment, except in connection with the reinvestment of any distributions and permitted exchanges. |
Figures quoted represent past performance, which is no guarantee of future results and do not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of fund shares. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance shown without sales charges would be lower if sales charges were reflected. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Current month-end performance is available on the Fund’s website, wellsfargoadvantagefunds.com.
Index returns do not include transaction costs associated with buying and selling securities, any mutual fund fees or expenses or any taxes. It is not possible to invest directly in an index.
For Class A shares, the maximum front-end sales charge is 5.75%. For Class B shares, the maximum contingent deferred sales charge is 5.00%. For Class C shares, the maximum contingent deferred sales charge is 1.00%. Performance including sales charge assumes the sales charge for the corresponding time period. Performance shown without sales charge would be lower if sales charges were reflected. Administrator Class, Institutional Class and Investor Class shares are sold without a front-end sales charge or contingent deferred sales charge.
Please see footnotes on page 18.
| | | | |
| 12 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Performance highlights (unaudited) |
Target 2035 Fund
Average annual total returns (%) as of August 31, 2012
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | Expense ratios2 (%) | |
| | | Inception date | | 1 year | | | 5 year | | | Since inception | | | Gross | | | Net3 | |
| Administrator Class (WFQWX) | | 6-29-07 | | | 7.44 | | | | 1.17 | | | | 0.66 | | | | 0.93 | | | | 0.87 | |
| Institutional Class (WFQRX) | | 6-29-07 | | | 7.84 | | | | 1.52 | | | | 0.99 | | | | 0.66 | | | | 0.52 | |
| Investor Class (WFQTX) | | 6-29-07 | | | 7.47 | | | | 1.13 | | | | 0.62 | | | | 1.15 | | | | 0.93 | |
| Dow Jones Target 2035 Index5 | | – | | | 8.19 | | | | 1.67 | | | | 1.22 | | | | – | | | | – | |
| Russell 3000® Index6 | | – | | | 17.03 | | | | 1.50 | | | | 1.05 | | | | – | | | | – | |
| Barclays U.S. Aggregate Bond Index7 | | – | | | 5.78 | | | | 6.66 | | | | 6.86 | | | | – | | | | – | |
Figures quoted represent past performance, which is no guarantee of future results and do not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of fund shares. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Current month-end performance is available on the Fund’s website, wellsfargoadvantagefunds.com.
Index returns do not include transaction costs associated with buying and selling securities, any mutual fund fees or expenses or any taxes. It is not possible to invest directly in an index.
Administrator Class, Institutional Class and Investor Class shares are sold without a front-end sales charge or contingent deferred sales charge.
Please see footnotes on page 18.
| | | | | | |
| Performance highlights (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 13 | |
Target 2040 Fund
Average annual total returns (%) as of August 31, 2012
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | Including sales charge | | | Excluding sales charge | | | Expense ratios2 (%) | |
| | | Inception date | | 1 year | | | 5 year | | | 10 year | | | 1 year | | | 5 year | | | 10 year | | | Gross | | | Net3 | |
| Class A (STFRX)* | | 3-1-94 | | | 1.33 | | | | (0.57 | ) | | | 5.52 | | | | 7.54 | | | | 0.62 | | | | 6.15 | | | | 1.08 | | | | 1.03 | |
| Class B (SLPBX)** | | 3-1-97 | | | 1.77 | | | | (0.55 | ) | | | 5.62 | | | | 6.77 | | | | (0.14 | ) | | | 5.62 | | | | 1.83 | | | | 1.78 | |
| Class C (WFOFX) | | 7-1-98 | | | 5.79 | | | | (0.14 | ) | | | 5.38 | | | | 6.79 | | | | (0.14 | ) | | | 5.38 | | | | 1.83 | | | | 1.78 | |
| Administrator Class (WFLWX) | | 11-8-99 | | | – | | | | – | | | | – | | | | 7.73 | | | | 0.84 | | | | 6.43 | | | | 0.92 | | | | 0.87 | |
| Institutional Class (WFOSX)4 | | 6-30-04 | | | – | | | | – | | | | – | | | | 8.17 | | | | 1.14 | | | | 6.66 | | | | 0.65 | | | | 0.52 | |
| Investor Class (WFFTX)4 | | 1-31-07 | | | – | | | | – | | | | – | | | | 7.68 | | | | 0.77 | | | | 6.39 | | | | 1.14 | | | | 0.93 | |
| Dow Jones Target 2040 Index5 | | – | | | – | | | | – | | | | – | | | | 8.45 | | | | 1.43 | | | | 8.81 | | | | – | | | | – | |
| Russell 3000® Index6 | | – | | | – | | | | – | | | | – | | | | 17.03 | | | | 1.50 | | | | 7.01 | | | | – | | | | – | |
| Barclays U.S. Aggregate Bond Index7 | | – | | | – | | | | – | | | | – | | | | 5.78 | | | | 6.66 | | | | 5.48 | | | | – | | | | – | |
| * | | Class A shares are closed to new investors. |
| ** | | Class B shares are closed to investment, except in connection with the reinvestment of any distributions and permitted exchanges. |
Figures quoted represent past performance, which is no guarantee of future results and do not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of fund shares. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance shown without sales charges would be lower if sales charges were reflected. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Current month-end performance is available on the Fund’s website, wellsfargoadvantagefunds.com.
Index returns do not include transaction costs associated with buying and selling securities, any mutual fund fees or expenses or any taxes. It is not possible to invest directly in an index.
For Class A shares, the maximum front-end sales charge is 5.75%. For Class B shares, the maximum contingent deferred sales charge is 5.00%. For Class C shares, the maximum contingent deferred sales charge is 1.00%. Performance including sales charge assumes the sales charge for the corresponding time period. Performance shown without sales charge would be lower if sales charges were reflected. Administrator Class, Institutional Class and Investor Class shares are sold without a front-end sales charge or contingent deferred sales charge.
Please see footnotes on page 18.
| | | | |
| 14 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Performance highlights (unaudited) |
Target 2045 Fund
Average annual total returns (%) as of August 31, 2012
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | Expense ratios2 (%) | |
| | | Inception date | | 1 year | | | 5 year | | | Since inception | | | Gross | | | Net3 | |
| Administrator Class (WFQYX) | | 6-29-07 | | | 7.85 | | | | 1.02 | | | | 0.51 | | | | 0.94 | | | | 0.87 | |
| Institutional Class (WFQPX) | | 6-29-07 | | | 8.19 | | | | 1.30 | | | | 0.78 | | | | 0.67 | | | | 0.52 | |
| Investor Class (WFQSX) | | 6-29-07 | | | 7.75 | | | | 0.96 | | | | 0.43 | | | | 1.16 | | | | 0.93 | |
| Dow Jones Target 2045 Index5 | | – | | | 8.57 | | | | 1.43 | | | | 0.95 | | | | – | | | | – | |
| Russell 3000® Index6 | | – | | | 17.03 | | | | 1.50 | | | | 1.05 | | | | – | | | | – | |
| Barclays U.S. Aggregate Bond Index7 | | – | | | 5.78 | | | | 6.66 | | | | 6.86 | | | | – | | | | – | |
Figures quoted represent past performance, which is no guarantee of future results and do not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of fund shares. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Current month-end performance is available on the Fund’s website, wellsfargoadvantagefunds.com.
Index returns do not include transaction costs associated with buying and selling securities, any mutual fund fees or expenses or any taxes. It is not possible to invest directly in an index.
Administrator Class, Institutional Class and Investor Class shares are sold without a front-end sales charge or contingent deferred sales charge.
Please see footnotes on page 18.
| | | | | | |
| Performance highlights (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 15 | |
Target 2050 Fund
Average annual total returns (%) as of August 31, 2012
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | Expense ratios2 (%) | |
| | | Inception date | | 1 year | | | 5 year | | | Since inception | | | Gross | | | Net3 | |
| Administrator Class (WFQDX) | | 6-29-07 | | | 7.90 | | | | 0.94 | | | | 0.45 | | | | 0.93 | | | | 0.87 | |
| Institutional Class (WFQFX) | | 6-29-07 | | | 8.26 | | | | 1.25 | | | | 0.76 | | | | 0.66 | | | | 0.52 | |
| Investor Class (WFQGX) | | 6-29-07 | | | 7.81 | | | | 0.89 | | | | 0.40 | | | | 1.15 | | | | 0.93 | |
| Dow Jones Target 2050 Index5 | | – | | | 8.57 | | | | 1.43 | | | | 0.95 | | | | – | | | | – | |
| Russell 3000® Index6 | | – | | | 17.03 | | | | 1.50 | | | | 1.05 | | | | – | | | | – | |
| Barclays U.S. Aggregate Bond Index7 | | – | | | 5.78 | | | | 6.66 | | | | 6.86 | | | | – | | | | – | |
Figures quoted represent past performance, which is no guarantee of future results and do not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of fund shares. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Current month-end performance is available on the Fund’s website, wellsfargoadvantagefunds.com.
Index returns do not include transaction costs associated with buying and selling securities, any mutual fund fees or expenses or any taxes. It is not possible to invest directly in an index.
Administrator Class, Institutional Class and Investor Class shares are sold without a front-end sales charge or contingent deferred sales charge.
Please see footnotes on page 18.
| | | | |
| 16 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Performance highlights (unaudited) |
Target 2055 Fund
Average annual total returns (%) as of August 31, 2012
| | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | Expense ratios2 (%) | |
| | | Inception date | | 1 year | | | Since inception | | | Gross | | | Net3 | |
| Administrator Class (WFLHX) | | 6-30-11 | | | 7.86 | | | | (0.19 | ) | | | 4.08 | | | | 0.87 | |
| Institutional Class (WFQUX) | | 6-30-11 | | | 8.27 | | | | 0.13 | | | | 3.81 | | | | 0.52 | |
| Investor Class (WFQHX) | | 6-30-11 | | | 7.81 | | | | (0.24 | ) | | | 4.30 | | | | 0.93 | |
| Dow Jones Target 2055 Index5 | | – | | | 8.57 | | | | 0.02 | | | | – | | | | – | |
| Russell 3000® Index6 | | – | | | 17.03 | | | | 6.36 | | | | – | | | | – | |
| Barclays U.S. Aggregate Bond Index7 | | – | | | 5.78 | | | | 7.67 | | | | – | | | | – | |
Figures quoted represent past performance, which is no guarantee of future results and do not reflect the deduction of taxes that a shareholder may pay on fund distributions or the redemption of fund shares. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Current month-end performance is available on the Fund’s website, wellsfargoadvantagefunds.com.
Index returns do not include transaction costs associated with buying and selling securities, any mutual fund fees or expenses or any taxes. It is not possible to invest directly in an index.
Administrator Class, Institutional Class and Investor Class shares are sold without a front-end sales charge or contingent deferred sales charge.
Please see footnotes on page 18.
| | | | | | |
| Performance highlights (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 17 | |
Portfolio allocations8 as of August 31, 2012
| | | | |
| Target Today Fund | | Target 2010 Fund | | Target 2015 Fund |
| | | |
 | |  | |  |
| | | | |
| Target 2020 Fund | | Target 2025 Fund | | Target 2030 Fund |
| | | |
 | |  | |  |
| | | | |
| Target 2035 Fund | | Target 2040 Fund | | Target 2045 Fund |
| | | |
 | |  | |  |
Please see footnotes on page 18.
| | | | |
| 18 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Performance highlights (unaudited) |
| | |
| Target 2050 Fund | | Target 2055 Fund |
| | |
| | |
| 1. | The Funds are gateway funds that invest in various master portfolios which in turn invest in a combination of equity, fixed income and money market securities using an asset allocation strategy designed to replicate, before fees and expenses, the total return of the Dow Jones Target Date Indexes that have the same target year as the Funds. References to the investment activities of the Funds are intended to refer to the investment activities of the underlying master portfolios in which the Funds invest. |
| 2. | Reflects the expense ratios as stated in the most recent prospectuses. |
| 3. | The Adviser has committed through June 30, 2013 to waive fees and/or reimburse expenses to the extent necessary to cap the Fund’s Total Annual Fund Operating Expenses After Fee Waiver, excluding certain expenses, at the amounts shown. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses and extraordinary expenses are excluded from the cap. Fees from the underlying master portfolio(s) are included in the cap. Without this cap, the Fund’s returns would have been lower. |
| 4. | Historical performance shown for the Institutional Class shares prior to their inception reflects the performance of the Administrator Class shares, and includes the higher expenses applicable to the Administrator Class shares. Historical performance shown for Investor Class shares prior to their inception reflects the performance of the Administrator Class shares, adjusted to reflect the higher expenses applicable to the Investor Class shares (except during those periods in which expenses of the Investor Class would have been lower than those of the Administrator Class no such adjustment is reflected). |
| 5. | The Dow Jones Target Date Indexes (each an “index” or collectively the “indexes”) are a series of indexes designed as benchmarks for multi-asset class portfolios with risk profiles that became more conservative over time. The index weightings among the major asset classes are adjusted monthly based on a published set of index rules. The indexes with longer time horizons have higher allocations to equity securities, while the indexes with shorter time horizons replace some of their stock allocations with allocations to fixed income securities and money market instruments. The index returns reflect hypothetical back-tested performance. You cannot invest directly in an index. |
| 6. | The Russell 3000® Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization, which represents approximately 98% of the investable U.S. equity market. You cannot invest directly in an index. |
| 7. | The Barclays U.S. Aggregate Bond Index is composed of the Barclays Government/Credit Index and the Barclays U.S. Mortgage-Backed Securities Index and includes U.S. Treasury issues, agency issues, corporate bond issues, and mortgage-backed securities. You cannot invest directly in an index. |
| 8. | Each chart represents the composite of the portfolio allocations of the master portfolios in which the Fund invests and is calculated based on the total investments of the master portfolios. Portfolio holdings are subject to change and may have changed since the date specified. See Portfolio of investments of each master portfolio which is also included in this report. |
| | | | | | |
| Fund expenses (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 19 | |
As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, redemption fees (if any) and exchange fees (if any); and (2) ongoing costs, including management fees, distribution (12b-1) and/or shareholder service fees, and other Fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.
The example is based on an investment of $1,000 invested at the beginning of the six-month period and held for the entire period from March 1, 2012, to August 31, 2012.
Actual expenses
The “Actual” line of the table below provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the “Actual” line under the heading entitled “Expenses paid during period” for your applicable class of shares to estimate the expenses you paid on your account during this period.
Hypothetical example for comparison purposes
The “Hypothetical” line of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads), redemption fees, or exchange fees. Therefore, the “Hypothetical” line of the table is useful in comparing ongoing costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
| | | | | | | | | | | | | | | | |
| Target Today Fund | | Beginning
account value
3-1-12 | | | Ending
account value
8-31-12 | | | Expenses
paid during
the period¹ | | | Net annual
expense ratio | |
Class A | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,018.42 | | | $ | 4.88 | | | | 0.96 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.37 | | | $ | 4.89 | | | | 0.96 | % |
Class B | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,014.26 | | | $ | 8.68 | | | | 1.71 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,016.59 | | | $ | 8.69 | | | | 1.71 | % |
Class C | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,013.50 | | | $ | 8.68 | | | | 1.71 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,016.59 | | | $ | 8.69 | | | | 1.71 | % |
Administrator Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,018.07 | | | $ | 4.07 | | | | 0.80 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,021.17 | | | $ | 4.08 | | | | 0.80 | % |
Institutional Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,019.84 | | | $ | 2.29 | | | | 0.45 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,022.94 | | | $ | 2.29 | | | | 0.45 | % |
Investor Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,019.00 | | | $ | 4.38 | | | | 0.86 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.87 | | | $ | 4.38 | | | | 0.86 | % |
Please see footnote on page 22.
| | | | |
| 20 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Fund expenses (unaudited) |
| | | | | | | | | | | | | | | | |
| Target 2010 Fund | | Beginning
account value
3-1-12 | | | Ending
account value
8-31-12 | | | Expenses
paid during
the period¹ | | | Net annual
expense ratio | |
Class A | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,016.66 | | | $ | 5.03 | | | | 0.99 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.21 | | | $ | 5.04 | | | | 0.99 | % |
Class B | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,012.11 | | | $ | 8.82 | | | | 1.74 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,016.43 | | | $ | 8.84 | | | | 1.74 | % |
Class C | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,012.80 | | | $ | 8.83 | | | | 1.74 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,016.43 | | | $ | 8.84 | | | | 1.74 | % |
Administrator Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,017.47 | | | $ | 4.22 | | | | 0.83 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,021.02 | | | $ | 4.23 | | | | 0.83 | % |
Institutional Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,019.01 | | | $ | 2.44 | | | | 0.48 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,022.79 | | | $ | 2.45 | | | | 0.48 | % |
Investor Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,017.06 | | | $ | 4.52 | | | | 0.89 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.72 | | | $ | 4.53 | | | | 0.89 | % |
| Target 2015 Fund | | | | | | | | | | | | |
Administrator Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,014.14 | | | $ | 4.26 | | | | 0.84 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.97 | | | $ | 4.28 | | | | 0.84 | % |
Institutional Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,015.88 | | | $ | 2.49 | | | | 0.49 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,022.74 | | | $ | 2.50 | | | | 0.49 | % |
Investor Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,013.82 | | | $ | 4.57 | | | | 0.90 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.67 | | | $ | 4.58 | | | | 0.90 | % |
| Target 2020 Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,008.55 | | | $ | 5.11 | | | | 1.01 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.11 | | | $ | 5.14 | | | | 1.01 | % |
Class B | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,005.06 | | | $ | 8.89 | | | | 1.76 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,016.33 | | | $ | 8.94 | | | | 1.76 | % |
Class C | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,004.87 | | | $ | 8.89 | | | | 1.76 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,016.33 | | | $ | 8.94 | | | | 1.76 | % |
Administrator Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,009.27 | | | $ | 4.30 | | | | 0.85 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.92 | | | $ | 4.33 | | | | 0.85 | % |
Institutional Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,011.54 | | | $ | 2.54 | | | | 0.50 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,022.68 | | | $ | 2.55 | | | | 0.50 | % |
Investor Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,008.96 | | | $ | 4.61 | | | | 0.91 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.62 | | | $ | 4.63 | | | | 0.91 | % |
Please see footnote on page 22.
| | | | | | |
| Fund expenses (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 21 | |
| | | | | | | | | | | | | | | | |
| Target 2025 Fund | | Beginning
account value
3-1-12 | | | Ending
account value
8-31-12 | | | Expenses
paid during
the period¹ | | | Net annual
expense ratio | |
Administrator Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,004.41 | | | $ | 4.29 | | | | 0.85 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.92 | | | $ | 4.33 | | | | 0.85 | % |
Institutional Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,005.95 | | | $ | 2.53 | | | | 0.50 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,022.68 | | | $ | 2.55 | | | | 0.50 | % |
Investor Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,004.10 | | | $ | 4.60 | | | | 0.91 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.62 | | | $ | 4.63 | | | | 0.91 | % |
| Target 2030 Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 999.14 | | | $ | 5.14 | | | | 1.02 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.06 | | | $ | 5.19 | | | | 1.02 | % |
Class B | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 995.64 | | | $ | 8.90 | | | | 1.77 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,016.28 | | | $ | 9.00 | | | | 1.77 | % |
Class C | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 995.27 | | | $ | 8.90 | | | | 1.77 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,016.28 | | | $ | 9.00 | | | | 1.77 | % |
Administrator Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,000.01 | | | $ | 4.34 | | | | 0.86 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.87 | | | $ | 4.38 | | | | 0.86 | % |
Institutional Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 1,001.60 | | | $ | 2.57 | | | | 0.51 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,022.63 | | | $ | 2.60 | | | | 0.51 | % |
Investor Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 999.74 | | | $ | 4.64 | | | | 0.92 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.57 | | | $ | 4.69 | | | | 0.92 | % |
| Target 2035 Fund | | | | | | | | | | | | |
Administrator Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 996.35 | | | $ | 4.38 | | | | 0.87 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.82 | | | $ | 4.43 | | | | 0.87 | % |
Institutional Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 997.86 | | | $ | 2.62 | | | | 0.52 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,022.58 | | | $ | 2.65 | | | | 0.52 | % |
Investor Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 996.05 | | | $ | 4.68 | | | | 0.93 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.52 | | | $ | 4.74 | | | | 0.93 | % |
| Target 2040 Fund | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 992.66 | | | $ | 5.17 | | | | 1.03 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.01 | | | $ | 5.24 | | | | 1.03 | % |
Class B | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 989.03 | | | $ | 8.92 | | | | 1.78 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,016.23 | | | $ | 9.05 | | | | 1.78 | % |
Class C | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 988.96 | | | $ | 8.92 | | | | 1.78 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,016.23 | | | $ | 9.05 | | | | 1.78 | % |
Please see footnote on page 22.
| | | | |
| 22 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Fund expenses (unaudited) |
| | | | | | | | | | | | | | | | |
| Target 2040 Fund | | Beginning
account value
3-1-12 | | | Ending
account value
8-31-12 | | | Expenses
paid during
the period¹ | | | Net annual
expense ratio | |
Administrator Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 993.60 | | | $ | 4.37 | | | | 0.87 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.82 | | | $ | 4.43 | | | | 0.87 | % |
Institutional Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 995.24 | | | $ | 2.62 | | | | 0.52 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,022.58 | | | $ | 2.65 | | | | 0.52 | % |
Investor Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 993.35 | | | $ | 4.67 | | | | 0.93 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.52 | | | $ | 4.74 | | | | 0.93 | % |
| Target 2045 Fund | | | | | | | | | | | | |
Administrator Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 992.04 | | | $ | 4.37 | | | | 0.87 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.82 | | | $ | 4.43 | | | | 0.87 | % |
Institutional Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 994.05 | | | $ | 2.61 | | | | 0.52 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,022.58 | | | $ | 2.65 | | | | 0.52 | % |
Investor Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 991.73 | | | $ | 4.67 | | | | 0.93 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.52 | | | $ | 4.74 | | | | 0.93 | % |
| Target 2050 Fund | | | | | | | | | | | | |
Administrator Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 992.70 | | | $ | 4.37 | | | | 0.87 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.82 | | | $ | 4.43 | | | | 0.87 | % |
Institutional Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 994.26 | | | $ | 2.61 | | | | 0.52 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,022.58 | | | $ | 2.65 | | | | 0.52 | % |
Investor Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 992.44 | | | $ | 4.67 | | | | 0.93 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.52 | | | $ | 4.74 | | | | 0.93 | % |
| Target 2055 Fund | | | | | | | | | | | | |
Administrator Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 991.77 | | | $ | 4.37 | | | | 0.87 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.82 | | | $ | 4.43 | | | | 0.87 | % |
Institutional Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 993.52 | | | $ | 2.61 | | | | 0.52 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,022.58 | | | $ | 2.65 | | | | 0.52 | % |
Investor Class | | | | | | | | | | | | | | | | |
Actual | | $ | 1,000.00 | | | $ | 992.27 | | | $ | 4.67 | | | | 0.93 | % |
Hypothetical (5% return before expenses) | | $ | 1,000.00 | | | $ | 1,020.52 | | | $ | 4.74 | | | | 0.93 | % |
| 1. | Expenses paid is equal to the annualized expense ratio of each class multiplied by the average account value over the period, multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year (to reflect the one-half year period). |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 23 | |
TARGET TODAY FUND
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | |
Affiliated Master Portfolios: 100.03% | | | | | | | | | | |
Wells Fargo Advantage Diversified Fixed Income Portfolio | | | | | | | N/A | | | $ | 771,838,130 | |
Wells Fargo Advantage Diversified Stock Portfolio | | | | | | | N/A | | | | 150,954,684 | |
Wells Fargo Advantage Short-Term Investment Portfolio | | | | | | | N/A | | | | 66,353,349 | |
| | | |
Total Affiliated Master Portfolios (Cost $930,841,937) | | | | | | | | | 989,146,163 | |
| | | | | | | | | | | | |
| | | | | | | | |
| Total investments in securities | | | | | | | | |
| (Cost $930,841,937) * | | | 100.03 | % | | | 989,146,163 | |
Other assets and liabilities, net | | | (0.03 | ) | | | (289,281 | ) |
| | | | | | | | |
| Total net assets | | | 100.00 | % | | $ | 988,856,882 | |
| | | | | | | | |
TARGET 2010 FUND
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | |
Affiliated Master Portfolios: 100.01% | | | | | | | | | | |
Wells Fargo Advantage Diversified Fixed Income Portfolio | | | | | | | N/A | | | $ | 636,795,743 | |
Wells Fargo Advantage Diversified Stock Portfolio | | | | | | | N/A | | | | 181,415,793 | |
Wells Fargo Advantage Short-Term Investment Portfolio | | | | | | | N/A | | | | 33,816,399 | |
| | | |
Total Affiliated Master Portfolios (Cost $779,850,967) | | | | | | | | | 852,027,935 | |
| | | | | | | | | | | | |
| | | | | | | | |
| Total investments in securities | | | | | | | | |
| (Cost $779,850,967) * | | | 100.01 | % | | | 852,027,935 | |
Other assets and liabilities, net | | | (0.01 | ) | | | (79,333 | ) |
| | | | | | | | |
| Total net assets | | | 100.00 | % | | $ | 851,948,602 | |
| | | | | | | | |
TARGET 2015 FUND
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | |
Affiliated Master Portfolios: 100.00% | | | | | | | | | | |
Wells Fargo Advantage Diversified Fixed Income Portfolio | | | | | | | N/A | | | $ | 542,044,186 | |
Wells Fargo Advantage Diversified Stock Portfolio | | | | | | | N/A | | | | 280,627,667 | |
Wells Fargo Advantage Short-Term Investment Portfolio | | | | | | | N/A | | | | 33,919,844 | |
| | | |
Total Affiliated Master Portfolios (Cost $803,109,040) | | | | | | | | | 856,591,697 | |
| | | | | | | | | | | | |
| | | | | | | | |
| Total investments in securities | | | | | | | | |
| (Cost $803,109,040) * | | | 100.00 | % | | | 856,591,697 | |
Other assets and liabilities, net | | | 0.00 | | | | (3,745 | ) |
| | | | | | | | |
| Total net assets | | | 100.00 | % | | $ | 856,587,952 | |
| | | | | | | | |
| * | Cost for federal income tax purposes is substantially the same as for financial reporting purposes. |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 24 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Portfolio of investments—August 31, 2012 (unaudited) |
TARGET 2020 FUND
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | |
Affiliated Master Portfolios: 100.14% | | | | | | | | | | |
Wells Fargo Advantage Diversified Fixed Income Portfolio | | | | | | | N/A | | | $ | 1,193,207,382 | |
Wells Fargo Advantage Diversified Stock Portfolio | | | | | | | N/A | | | | 1,052,661,494 | |
Wells Fargo Advantage Short-Term Investment Portfolio | | | | | | | N/A | | | | 92,364,120 | |
| | | |
Total Affiliated Master Portfolios (Cost $2,160,947,543) | | | | | | | | | 2,338,232,996 | |
| | | | | | | | | | | | |
| | | | | | | | |
| Total investments in securities | | | | | | | | |
| (Cost $2,160,947,543) * | | | 100.14 | % | | | 2,338,232,996 | |
Other assets and liabilities, net | | | (0.14 | ) | | | (3,221,941 | ) |
| | | | | | | | |
| Total net assets | | | 100.00 | % | | $ | 2,335,011,055 | |
| | | | | | | | |
TARGET 2025 FUND
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | |
Affiliated Master Portfolios: 100.02% | | | | | | | | | | | | |
Wells Fargo Advantage Diversified Fixed Income Portfolio | | | | | | | N/A | | | $ | 745,640,151 | |
Wells Fargo Advantage Diversified Stock Portfolio | | | | | | | N/A | | | | 1,114,441,545 | |
Wells Fargo Advantage Short-Term Investment Portfolio | | | | | | | N/A | | | | 76,298,336 | |
| | | | |
Total Affiliated Master Portfolios (Cost $1,791,016,759) | | | | | | | | | | | 1,936,380,032 | |
| | | | | | | | | | | | |
| | | | | | | | |
| Total investments in securities | | | | | | | | |
| (Cost $1,791,016,759) * | | | 100.02 | % | | | 1,936,380,032 | |
Other assets and liabilities, net | | | (0.02 | ) | | | (339,789 | ) |
| | | | | | | | |
| Total net assets | | | 100.00 | % | | $ | 1,936,040,243 | |
| | | | | | | | |
TARGET 2030 FUND
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | |
Affiliated Master Portfolios: 99.98% | | | | | | | | | | | | |
Wells Fargo Advantage Diversified Fixed Income Portfolio | | | | | | | N/A | | | $ | 537,357,728 | |
Wells Fargo Advantage Diversified Stock Portfolio | | | | | | | N/A | | | | 1,402,568,152 | |
Wells Fargo Advantage Short-Term Investment Portfolio | | | | | | | N/A | | | | 79,375,543 | |
| | | | |
Total Affiliated Master Portfolios (Cost $1,866,691,051) | | | | | | | | | | | 2,019,301,423 | |
| | | | | | | | | | | | |
| | | | | | | | |
| Total investments in securities | | | | | | | | |
| (Cost $1,866,691,051) * | | | 99.98 | % | | | 2,019,301,423 | |
Other assets and liabilities, net | | | 0.02 | | | | 478,557 | |
| | | | | | | | |
| Total net assets | | | 100.00 | % | | $ | 2,019,779,980 | |
| | | | | | | | |
| * | Cost for federal income tax purposes is substantially the same as for financial reporting purposes. |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 25 | |
TARGET 2035 FUND
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | |
Affiliated Master Portfolios: 100.01% | | | | | | | | | | | | |
Wells Fargo Advantage Diversified Fixed Income Portfolio | | | | | | | N/A | | | $ | 149,484,941 | |
Wells Fargo Advantage Diversified Stock Portfolio | | | | | | | N/A | | | | 717,553,209 | |
Wells Fargo Advantage Short-Term Investment Portfolio | | | | | | | N/A | | | | 35,401,731 | |
| | | | |
Total Affiliated Master Portfolios (Cost $839,411,302) | | | | | | | | | | | 902,439,881 | |
| | | | | | | | | | | | |
| | | | | | | | |
| Total investments in securities | | | | | | | | |
| (Cost $839,411,302) * | | | 100.01 | % | | | 902,439,881 | |
Other assets and liabilities, net | | | (0.01 | ) | | | (95,042 | ) |
| | | | | | | | |
| Total net assets | | | 100.00 | % | | $ | 902,344,839 | |
| | | | | | | | |
TARGET 2040 FUND
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | |
Affiliated Master Portfolios: 99.86% | | | | | | | | | | | | |
Wells Fargo Advantage Diversified Fixed Income Portfolio | | | | | | | N/A | | | $ | 127,037,386 | |
Wells Fargo Advantage Diversified Stock Portfolio | | | | | | | N/A | | | | 1,164,070,945 | |
Wells Fargo Advantage Short-Term Investment Portfolio | | | | | | | N/A | | | | 52,638,086 | |
| | | | |
Total Affiliated Master Portfolios (Cost $1,241,106,038) | | | | | | | | | | | 1,343,746,417 | |
| | | | | | | | | | | | |
| | | | | | | | |
| Total investments in securities | | | | | | | | |
| (Cost $1,241,106,038) * | | | 99.86 | % | | | 1,343,746,417 | |
Other assets and liabilities, net | | | 0.14 | | | | 1,946,293 | |
| | | | | | | | |
| Total net assets | | | 100.00 | % | | $ | 1,345,692,710 | |
| | | | | | | | |
TARGET 2045 FUND
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | |
Affiliated Master Portfolios: 99.83% | | | | | | | | | | |
Wells Fargo Advantage Diversified Fixed Income Portfolio | | | | | | | N/A | | | $ | 26,962,568 | |
Wells Fargo Advantage Diversified Stock Portfolio | | | | | | | N/A | | | | 400,850,580 | |
Wells Fargo Advantage Short-Term Investment Portfolio | | | | | | | N/A | | | | 17,429,347 | |
| | | |
Total Affiliated Master Portfolios (Cost $415,977,709) | | | | | | | | | 445,242,495 | |
| | | | | | | | | | | | |
| | | | | | | | |
| Total investments in securities | | | | | | | | |
| (Cost $415,977,709) * | | | 99.83 | % | | | 445,242,495 | |
Other assets and liabilities, net | | | 0.17 | | | | 754,645 | |
| | | | | | | | |
| Total net assets | | | 100.00 | % | | $ | 445,997,140 | |
| | | | | | | | |
| * | Cost for federal income tax purposes is substantially the same as for financial reporting purposes. |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 26 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Portfolio of investments—August 31, 2012 (unaudited) |
TARGET 2050 FUND
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | |
Affiliated Master Portfolios: 99.72% | | | | | | | | | | |
Wells Fargo Advantage Diversified Fixed Income Portfolio | | | | | | | N/A | | | $ | 47,791,825 | |
Wells Fargo Advantage Diversified Stock Portfolio | | | | | | | N/A | | | | 740,501,882 | |
Wells Fargo Advantage Short-Term Investment Portfolio | | | | | | | N/A | | | | 32,113,970 | |
| | | |
Total Affiliated Master Portfolios (Cost $753,670,734) | | | | | | | | | 820,407,677 | |
| | | | | | | | | | | | |
| | | | | | | | |
| Total investments in securities | | | | | | | | |
| (Cost $753,670,734) * | | | 99.72 | % | | | 820,407,677 | |
Other assets and liabilities, net | | | 0.28 | | | | 2,290,774 | |
| | | | | | | | |
| Total net assets | | | 100.00 | % | | $ | 822,698,451 | |
| | | | | | | | |
TARGET 2055 FUND
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | |
Affiliated Master Portfolios: 100.59% | | | | | | | | | | |
Wells Fargo Advantage Diversified Fixed Income Portfolio | | | | | | | N/A | | | $ | 1,155,924 | |
Wells Fargo Advantage Diversified Stock Portfolio | | | | | | | N/A | | | | 17,910,251 | |
Wells Fargo Advantage Short-Term Investment Portfolio | | | | | | | N/A | | | | 776,729 | |
| | | |
Total Affiliated Master Portfolios (Cost $19,188,106) | | | | | | | | | 19,842,904 | |
| | | | | | | | | | | | |
| | | | | | | | |
| Total investments in securities | | | | | | | | |
| (Cost $19,188,106) * | | | 100.59 | % | | | 19,842,904 | |
Other assets and liabilities, net | | | (0.59 | ) | | | (115,601 | ) |
| | | | | | | | |
| Total net assets | | | 100.00 | % | | $ | 19,727,303 | |
| | | | | | | | |
| * | Cost for federal income tax purposes is substantially the same as for financial reporting purposes. |
The accompanying notes are an integral part of these financial statements.
This page is intentionally left blank.
| | | | |
| 28 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Statements of assets and liabilities—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| | | Target Today Fund | | | Target 2010 Fund | | | Target 2015 Fund | | | Target 2020 Fund | |
| | | | |
Assets | | | | | | | | | | | | | | | | |
Investments in affiliated Master Portfolios, at value (see cost below) | | $ | 989,146,163 | | | $ | 852,027,935 | | | $ | 856,591,697 | | | $ | 2,338,232,996 | |
Receivable for Fund shares sold | | | 1,117,188 | | | | 2,440,282 | | | | 1,810,717 | | | | 5,007,908 | |
Receivable from adviser | | | 0 | | | | 0 | | | | 0 | | | | 0 | |
Prepaid expenses and other assets | | | 47,660 | | | | 17,815 | | | | 50,693 | | | | 41,908 | |
| | | | | | | | | | | | | | | | |
Total assets | | | 990,311,011 | | | | 854,486,032 | | | | 858,453,107 | | | | 2,343,282,812 | |
| | | | | | | | | | | | | | | | |
| | | | |
Liabilities | | | | | | | | | | | | | | | | |
Payable for Fund shares redeemed | | | 1,161,509 | | | | 2,222,428 | | | | 1,558,587 | | | | 7,470,812 | |
Advisory fee payable | | | 44,467 | | | | 70,932 | | | | 55,041 | | | | 233,818 | |
Distribution fees payable | | | 3,607 | | | | 2,613 | | | | N/A | | | | 3,456 | |
Due to other related parties | | | 150,066 | | | | 127,483 | | | | 146,974 | | | | 338,174 | |
Shareholder servicing fees payable | | | 63,614 | | | | 73,876 | | | | 65,720 | | | | 169,708 | |
Accrued expenses and other liabilities | | | 30,866 | | | | 40,098 | | �� | | 38,833 | | | | 55,789 | |
| | | | | | | | | | | | | | | | |
Total liabilities | | | 1,454,129 | | | | 2,537,430 | | | | 1,865,155 | | | | 8,271,757 | |
| | | | | | | | | | | | | | | | |
Total net assets | | $ | 988,856,882 | | | $ | 851,948,602 | | | $ | 856,587,952 | | | $ | 2,335,011,055 | |
| | | | | | | | | | | | | | | | |
| | | | |
NET ASSETS CONSIST OF | | | | | | | | | | | | | | | | |
Paid-in capital | | $ | 914,143,357 | | | $ | 779,652,042 | | | $ | 794,478,850 | | | $ | 2,144,067,642 | |
Undistributed net investment income | | | 12,185,502 | | | | 2,841,240 | | | | 2,735,896 | | | | 6,618,264 | |
Accumulated net realized gains (losses) on investments | | | 4,223,797 | | | | (2,721,648 | ) | | | 5,890,549 | | | | 7,039,696 | |
Net unrealized gains on investments | | | 58,304,226 | | | | 72,176,968 | | | | 53,482,657 | | | | 177,285,453 | |
| | | | | | | | | | | | | | | | |
Total net assets | | $ | 988,856,882 | | | $ | 851,948,602 | | | $ | 856,587,952 | | | $ | 2,335,011,055 | |
| | | | | | | | | | | | | | | | |
| | | | |
COMPUTATION OF NET ASSET VALUE AND OFFERING PRICE PER SHARE1 | | | | | | | | | | | | | | | | |
Net assets – Class A | | $ | 20,769,884 | | | $ | 37,739,113 | | | | N/A | | | $ | 73,155,229 | |
Shares outstanding – Class A | | | 1,878,637 | | | | 2,820,741 | | | | N/A | | | | 5,127,639 | |
Net asset value per share – Class A | | | $11.06 | | | | $13.38 | | | | N/A | | | | $14.27 | |
Maximum offering price per share – Class A2 | | | $11.73 | | | | $14.20 | | | | N/A | | | | $15.14 | |
Net assets – Class B | | $ | 145,398 | | | $ | 563,226 | | | | N/A | | | $ | 726,511 | |
Shares outstanding – Class B | | | 12,781 | | | | 41,743 | | | | N/A | | | | 51,172 | |
Net asset value per share – Class B | | | $11.38 | | | | $13.49 | | | | N/A | | | | $14.20 | |
Net assets – Class C | | $ | 5,031,106 | | | $ | 3,264,814 | | | | N/A | | | $ | 4,205,284 | |
Shares outstanding – Class C | | | 446,774 | | | | 240,838 | | | | N/A | | | | 295,708 | |
Net asset value per share – Class C | | | $11.26 | | | | $13.56 | | | | N/A | | | | $14.22 | |
Net assets – Administrator Class | | $ | 137,250,601 | | | $ | 213,587,290 | | | $ | 92,328,707 | | | $ | 490,461,019 | |
Shares outstanding – Administrator Class | | | 12,173,185 | | | | 15,818,273 | | | | 9,100,834 | | | | 33,918,848 | |
Net asset value per share – Administrator Class | | | $11.27 | | | | $13.50 | | | | $10.15 | | | | $14.46 | |
Net assets – Institutional Class | | $ | 713,697,354 | | | $ | 534,531,124 | | | $ | 573,604,034 | | | $ | 1,608,809,385 | |
Shares outstanding – Institutional Class | | | 63,078,857 | | | | 39,569,542 | | | | 57,177,898 | | | | 110,982,092 | |
Net asset value per share – Institutional Class | | | $11.31 | | | | $13.51 | | | | $10.03 | | | | $14.50 | |
Net assets – Investor Class | | $ | 111,962,539 | | | $ | 62,263,035 | | | $ | 190,655,211 | | | $ | 157,653,627 | |
Shares outstanding – Investor Class | | | 9,947,389 | | | | 4,620,133 | | | | 18,769,126 | | | | 10,910,545 | |
Net asset value per share – Investor Class | | | $11.26 | | | | $13.48 | | | | $10.16 | | | | $14.45 | |
| | | | |
Investments in affiliated Master Portfolios, at cost | | $ | 930,841,937 | | | $ | 779,850,967 | | | $ | 803,109,040 | | | $ | 2,160,947,543 | |
| | | | | | | | | | | | | | | | |
| 1. | Each Fund has an unlimited number of authorized shares. |
| 2. | Maximum offering price is computed as 100/94.25 of net asset value. On investments of $50,000 or more, the offering price is reduced. |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Statements of assets and liabilities—August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 29 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Target 2025 Fund | | | Target 2030 Fund | | | Target 2035 Fund | | | Target 2040 Fund | | | Target 2045 Fund | | | Target 2050 Fund | | | Target 2055 Fund | |
| | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| $ | 1,936,380,032 | | | $ | 2,019,301,423 | | | $ | 902,439,881 | | | $ | 1,343,746,417 | | | $ | 445,242,495 | | | $ | 820,407,677 | | | $ | 19,842,904 | |
| | 3,103,564 | | | | 6,084,702 | | | | 1,773,758 | | | | 5,200,328 | | | | 1,686,097 | | | | 3,942,956 | | | | 214,806 | |
| | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 9,194 | |
| | 42,541 | | | | 64,629 | | | | 57,707 | | | | 83,856 | | | | 56,807 | | | | 40,752 | | | | 27,793 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | 1,939,526,137 | | | | 2,025,450,754 | | | | 904,271,346 | | | | 1,349,030,601 | | | | 446,985,399 | | | | 824,391,385 | | | | 20,094,697 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | 2,873,302 | | | | 4,977,405 | | | | 1,572,085 | | | | 2,849,825 | | | | 811,092 | | | | 1,445,687 | | | | 346,062 | |
| | 150,994 | | | | 207,067 | | | | 68,854 | | | | 144,740 | | | | 23,978 | | | | 77,855 | | | | 0 | |
| | N/A | | | | 2,710 | | | | N/A | | | | 3,157 | | | | N/A | | | | N/A | | | | N/A | |
| | 310,029 | | | | 291,526 | | | | 169,480 | | | | 200,083 | | | | 86,232 | | | | 108,173 | | | | 2,589 | |
| | 107,270 | | | | 143,861 | | | | 83,444 | | | | 102,321 | | | | 43,924 | | | | 31,240 | | | | 740 | |
| | 44,299 | | | | 48,205 | | | | 32,644 | | | | 37,765 | | | | 23,033 | | | | 29,979 | | | | 18,003 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | 3,485,894 | | | | 5,670,774 | | | | 1,926,507 | | | | 3,337,891 | | | | 988,259 | | | | 1,692,934 | | | | 367,394 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| $ | 1,936,040,243 | | | $ | 2,019,779,980 | | | $ | 902,344,839 | | | $ | 1,345,692,710 | | | $ | 445,997,140 | | | $ | 822,698,451 | | | $ | 19,727,303 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| $ | 1,758,326,594 | | | $ | 1,850,158,370 | | | $ | 828,694,634 | | | $ | 1,229,959,307 | | | $ | 412,902,149 | | | $ | 745,504,615 | | | $ | 18,913,695 | |
| | 4,940,031 | | | | 4,650,886 | | | | 1,991,215 | | | | 2,468,750 | | | | 965,897 | | | | 1,612,985 | | | | 58,061 | |
| | 27,410,345 | | | | 12,360,352 | | | | 8,630,411 | | | | 10,624,274 | | | | 2,864,308 | | | | 8,843,908 | | | | 100,749 | |
| | 145,363,273 | | | | 152,610,372 | | | | 63,028,579 | | | | 102,640,379 | | | | 29,264,786 | | | | 66,736,943 | | | | 654,798 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $1,936,040,243 | | | $ | 2,019,779,980 | | | $ | 902,344,839 | | | $ | 1,345,692,710 | | | $ | 445,997,140 | | | $ | 822,698,451 | | | $ | 19,727,303 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | N/A | | | $ | 57,118,807 | | | | N/A | | | $ | 98,694,238 | | | | N/A | | | | N/A | | | | N/A | |
| | N/A | | | | 3,904,412 | | | | N/A | | | | 6,225,269 | | | | N/A | | | | N/A | | | | N/A | |
| | N/A | | | | $14.63 | | | | N/A | | | | $15.85 | | | | N/A | | | | N/A | | | | N/A | |
| | N/A | | | | $15.52 | | | | N/A | | | | $16.82 | | | | N/A | | | | N/A | | | | N/A | |
| | N/A | | | $ | 610,013 | | | | N/A | | | $ | 943,159 | | | | N/A | | | | N/A | | | | N/A | |
| | N/A | | | | 42,365 | | | | N/A | | | | 62,190 | | | | N/A | | | | N/A | | | | N/A | |
| | N/A | | | | $14.40 | | | | N/A | | | | $15.17 | | | | N/A | | | | N/A | | | | N/A | |
| | N/A | | | $ | 3,289,769 | | | | N/A | | | $ | 3,587,254 | | | | N/A | | | | N/A | | | | N/A | |
| | N/A | | | | 229,531 | | | | N/A | | | | 238,511 | | | | N/A | | | | N/A | | | | N/A | |
| | N/A | | | | $14.33 | | | | N/A | | | | $15.04 | | | | N/A | | | | N/A | | | | N/A | |
| $ | 127,761,999 | | | $ | 417,132,954 | | | $ | 88,657,282 | | | $ | 262,777,976 | | | $ | 44,868,940 | | | $ | 100,657,161 | | | $ | 2,686,907 | |
| | 13,159,833 | | | | 28,182,151 | | | | 9,402,036 | | | | 16,300,396 | | | | 4,742,200 | | | | 11,060,450 | | | | 270,244 | |
| | $9.71 | | | | $14.80 | | | | $9.43 | | | | $16.12 | | | | $9.46 | | | | $9.10 | | | | $9.94 | |
| $ | 1,471,696,240 | | | $ | 1,403,058,680 | | | $ | 540,483,578 | | | $ | 906,906,016 | | | $ | 254,674,350 | | | $ | 688,482,861 | | | $ | 16,579,567 | |
| | 151,958,178 | | | | 94,790,045 | | | | 57,481,779 | | | | 56,156,545 | | | | 27,066,930 | | | | 75,912,782 | | | | 1,667,312 | |
| | $9.68 | | | | $14.80 | | | | $9.40 | | | | $16.15 | | | | $9.41 | | | | $9.07 | | | | $9.94 | |
| $ | 336,582,004 | | | $ | 138,569,757 | | | $ | 273,203,979 | | | $ | 72,784,067 | | | $ | 146,453,850 | | | $ | 33,558,429 | | | $ | 460,829 | |
| | 34,719,867 | | | | 9,383,133 | | | | 28,891,905 | | | | 4,521,570 | | | | 15,433,671 | | | | 3,697,240 | | | | 46,727 | |
| | $9.69 | | | | $14.77 | | | | $9.46 | | | | $16.10 | | | | $9.49 | | | | $9.08 | | | | $9.86 | |
| | | | | | |
| $ | 1,791,016,759 | | | $ | 1,866,691,051 | | | $ | 839,411,302 | | | $ | 1,241,106,038 | | | $ | 415,977,709 | | | $ | 753,670,734 | | | $ | 19,188,106 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 30 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Statements of operations—six months ended August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| | | Target Today
Fund | | | Target 2010
Fund | | | Target 2015
Fund | | | Target 2020
Fund | |
| | | | |
Investment income | | | | | | | | | | | | | | | | |
Dividends allocated from affiliated Master Portfolios* | | $ | 1,783,259 | | | $ | 2,222,428 | | | $ | 3,240,472 | | | $ | 12,542,107 | |
Interest allocated from affiliated Master Portfolios** | | | 10,291,994 | | | | 8,700,779 | | | | 7,165,955 | | | | 16,339,063 | |
Expenses allocated from affiliated Master Portfolios | | | (1,329,256 | ) | | | (1,206,151 | ) | | | (1,181,170 | ) | | | (3,369,660 | ) |
Waivers allocated from affiliated Master Portfolios | | | 92,005 | | | | 91,925 | | | | 103,628 | | | | 337,077 | |
| | | | | | | | | | | | | | | | |
Total investment income | | | 10,838,002 | | | | 9,808,981 | | | | 9,328,885 | | | | 25,848,587 | |
| | | | | | | | | | | | | | | | |
| | | | |
Expenses | | | | | | | | | | | | | | | | |
Advisory fee | | | 1,187,647 | | | | 1,055,364 | | | | 1,012,971 | | | | 2,601,394 | |
Administration fees | | | | | | | | | | | | | | | | |
Fund level | | | 247,046 | | | | 218,289 | | | | 209,074 | | | | 582,784 | |
Class A | | | 28,086 | | | | 51,236 | | | | N/A | | | | 97,667 | |
Class B | | | 251 | | | | 825 | | | | N/A | | | | 1,053 | |
Class C | | | 6,651 | | | | 4,300 | | | | N/A | | | | 5,706 | |
Administrator Class | | | 66,862 | | | | 103,984 | | | | 46,198 | | | | 247,586 | |
Institutional Class | | | 286,739 | | | | 223,891 | | | | 225,035 | | | | 641,556 | |
Investor Class | | | 178,916 | | | | 100,401 | | | | 292,891 | | | | 245,248 | |
Shareholder servicing fees | | | | | | | | | | | | | | | | |
Class A | | | 27,006 | | | | 49,265 | | | | N/A | | | | 93,084 | |
Class B | | | 242 | | | | 794 | | | | N/A | | | | 1,012 | |
Class C | | | 6,396 | | | | 4,135 | | | | N/A | | | | 5,487 | |
Administrator Class | | | 167,154 | | | | 259,961 | | | | 115,495 | | | | 618,965 | |
Investor Class | | | 138,376 | | | | 77,637 | | | | 226,639 | | | | 189,689 | |
Distribution fees | | | | | | | | | | | | | | | | |
Class B | | | 725 | | | | 2,381 | | | | N/A | | | | 3,037 | |
Class C | | | 19,187 | | | | 12,403 | | | | N/A | | | | 16,460 | |
Custody and accounting fees | | | 18,536 | | | | 16,499 | | | | 15,854 | | | | 44,528 | |
Professional fees | | | 8,626 | | | | 9,726 | | | | 11,222 | | | | 9,823 | |
Registration fees | | | 62,284 | | | | 45,710 | | | | 45,213 | | | | 64,835 | |
Shareholder report expenses | | | 20,972 | | | | 2,274 | | | | 14,506 | | | | 39,337 | |
Trustees’ fees and expenses | | | 6,388 | | | | 6,143 | | | | 6,143 | | | | 6,143 | |
Other fees and expenses | | | 9,247 | | | | 17,864 | | | | 11,437 | | | | 21,316 | |
| | | | | | | | | | | | | | | | |
Total expenses | | | 2,487,337 | | | | 2,263,082 | | | | 2,232,678 | | | | 5,536,710 | |
Less: Fee waivers and/or expense reimbursements | | | (952,043 | ) | | | (665,121 | ) | | | (727,917 | ) | | | (1,339,474 | ) |
| | | | | | | | | | | | | | | | |
Net expenses | | | 1,535,294 | | | | 1,597,961 | | | | 1,504,761 | | | | 4,197,236 | |
| | | | | | | | | | | | | | | | |
Net investment income | | | 9,302,708 | | | | 8,211,020 | | | | 7,824,124 | | | | 21,651,351 | |
| | | | | | | | | | | | | | | | |
| | | | |
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS | | | | | | | | | | | | | | | | |
Net realized gains from securities transaction allocated from affiliated Master Portfolios | | | 4,719,304 | | | | 4,954,148 | | | | 5,783,831 | | | | 19,801,608 | |
Net change in unrealized gains (losses) from securities transactions allocated from affiliated Master Portfolios | | | 5,230,798 | | | | 2,292,570 | | | | (593,818 | ) | | | (16,942,157 | ) |
| | | | | | | | | | | | | | | | |
Net realized and unrealized gains (losses) on investments | | | 9,950,102 | | | | 7,246,718 | | | | 5,190,013 | | | | 2,859,451 | |
| | | | | | | | | | | | | | | | |
Net increase (decrease) in net assets resulting from operations | | $ | 19,252,810 | | | $ | 15,457,738 | | | $ | 13,014,137 | | | $ | 24,510,802 | |
| | | | | | | | | | | | | | | | |
| | | | |
* Net of foreign dividend withholding taxes allocated from affiliated Master Portfolios of | | | $104,076 | | | | $129,994 | | | | $188,950 | | | | $734,044 | |
| | | | |
** Net of foreign interest withholding taxes allocated from affiliated Master Portfolios of | | | $114,538 | | | | $96,279 | | | | $78,740 | | | | $176,720 | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Statements of operations—six months ended August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 31 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Target 2025
Fund | | Target 2030
Fund | | | Target 2035
Fund | | | Target 2040
Fund | | | Target 2045
Fund | | | Target 2050
Fund | | | Target 2055
Fund | |
| | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| $13,252,292 | | $ | 16,803,660 | | | $ | 8,267,249 | | | $ | 13,889,388 | | | $ | 4,461,648 | | | $ | 8,748,610 | | | $ | 178,400 | |
| 10,367,716 | | | 7,796,086 | | | | 2,244,616 | | | | 2,251,429 | | | | 526,653 | | | | 1,007,616 | | | | 20,769 | |
| (2,837,288) | | | (3,031,987 | ) | | | (1,328,104 | ) | | | (2,065,895 | ) | | | (646,764 | ) | | | (1,259,864 | ) | | | (26,157 | ) |
| 317,979 | | | 372,932 | | | | 175,104 | | | | 284,937 | | | | 90,968 | | | | 177,432 | | | | 3,681 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| 21,100,699 | | | 21,940,691 | | | | 9,358,865 | | | | 14,359,859 | | | | 4,432,505 | | | | 8,673,794 | | | | 176,693 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| 2,166,939 | | | 2,258,765 | | | | 1,042,624 | | | | 1,544,914 | | | | 514,979 | | | | 974,820 | | | | 20,783 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| 479,343 | | | 501,206 | | | | 215,520 | | | | 331,242 | | | | 102,996 | | | | 200,780 | | | | 4,156 | |
| N/A | | | 77,028 | | | | N/A | | | | 132,101 | | | | N/A | | | | N/A | | | | N/A | |
| N/A | | | 884 | | | | N/A | | | | 1,501 | | | | N/A | | | | N/A | | | | N/A | |
| N/A | | | 4,237 | | | | N/A | | | | 4,708 | | | | N/A | | | | N/A | | | | N/A | |
| 61,295 | | | 207,641 | | | | 41,748 | | | | 132,932 | | | | 21,214 | | | | 48,428 | | | | 1,207 | |
| 588,362 | | | 557,749 | | | | 207,193 | | | | 353,671 | | | | 95,392 | | | | 270,106 | | | | 5,524 | |
| 523,327 | | | 213,280 | | | | 421,106 | | | | 110,755 | | | | 211,699 | | | | 50,083 | | | | 652 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| N/A | | | 72,916 | | | | N/A | | | | 127,020 | | | | N/A | | | | N/A | | | | N/A | |
| N/A | | | 850 | | | | N/A | | | | 1,443 | | | | N/A | | | | N/A | | | | N/A | |
| N/A | | | 4,074 | | | | N/A | | | | 4,527 | | | | N/A | | | | N/A | | | | N/A | |
| 153,238 | | | 519,103 | | | | 104,370 | | | | 332,330 | | | | 53,035 | | | | 121,070 | | | | 3,017 | |
| 404,846 | | | 164,973 | | | | 325,751 | | | | 85,668 | | | | 163,844 | | | | 38,746 | | | | 505 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| N/A | | | 2,551 | | | | N/A | | | | 4,329 | | | | N/A | | | | N/A | | | | N/A | |
| N/A | | | 12,221 | | | | N/A | | | | 13,581 | | | | N/A | | | | N/A | | | | N/A | |
| 36,663 | | | 38,423 | | | | 16,310 | | | | 25,277 | | | | 8,371 | | | | 16,120 | | | | 1,021 | |
| 9,197 | | | 8,520 | | | | 9,144 | | | | 8,569 | | | | 10,797 | | | | 8,787 | | | | 9,466 | |
| 40,379 | | | 67,247 | | | | 50,383 | | | | 59,758 | | | | 45,020 | | | | 42,320 | | | | 30,875 | |
| 27,940 | | | 30,273 | | | | 17,301 | | | | 26,414 | | | | 12,560 | | | | 12,894 | | | | 7,989 | |
| 6,352 | | | 6,371 | | | | 5,419 | | | | 6,390 | | | | 6,631 | | | | 5,419 | | | | 6,381 | |
| 19,154 | | | 25,679 | | | | 7,224 | | | | 24,466 | | | | 5,625 | | | | 15,054 | | | | 4,064 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| 4,517,035 | | | 4,773,991 | | | | 2,464,093 | | | | 3,331,596 | | | | 1,252,163 | | | | 1,804,627 | | | | 95,640 | |
| (1,364,434) | | | (1,147,531 | ) | | | (695,336 | ) | | | (772,672 | ) | | | (393,851 | ) | | | (565,906 | ) | | | (69,837 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
| 3,152,601 | | | 3,626,460 | | | | 1,768,757 | | | | 2,558,924 | | | | 858,312 | | | | 1,238,721 | | | | 25,803 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| 17,948,098 | | | 18,314,231 | | | | 7,590,108 | | | | 11,800,935 | | | | 3,574,193 | | | | 7,435,073 | | | | 150,890 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
19,354,729 | | | 23,180,720 | | | | 10,920,952 | | | | 18,185,771 | | | | 5,652,228 | | | | 11,369,696 | | | | 196,734 | |
(25,065,652) | | | (38,310,123 | ) | | | (19,076,720 | ) | | | (36,148,295 | ) | | | (10,191,243 | ) | | | (22,704,058 | ) | | | (203,354 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
| (5,710,923) | | | (15,129,403 | ) | | | (8,155,768 | ) | | | (17,962,524 | ) | | | (4,539,015 | ) | | | (11,334,362 | ) | | | (6,620 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
| $12,237,175 | | $ | 3,184,828 | | | $ | (565,660 | ) | | $ | (6,161,589 | ) | | $ | (964,822 | ) | | $ | (3,899,289 | ) | | $ | 144,270 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | |
$774,975 | | | $984,658 | | | | $482,847 | | | | $813,366 | | | | $259,893 | | | | $511,683 | | | | $10,373 | |
| | | | | | |
$109,711 | | | $79,124 | | | | $21,197 | | | | $18,556 | | | | $3,880 | | | | $7,201 | | | | $222 | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 32 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Statements of changes in net assets |
| | | | | | | | | | | | | | | | |
| | | Target Today Fund | |
| | | Six months ended
August 31, 2012
(unaudited) | | | Year ended
February 29, 2012 | |
| | | | |
Operations | | | | | | | | | | | | | | | | |
Net investment income | | | | | | $ | 9,302,708 | | | | | | | $ | 18,103,832 | |
Net realized gains on investments | | | | | | | 4,719,304 | | | | | | | | 8,341,557 | |
Net change in unrealized gains (losses) on investments | | | | | | | 5,230,798 | | | | | | | | 24,384,374 | |
| �� | | | | | | | | | | | | | | | |
Net increase in net assets resulting from operations | | | | | | | 19,252,810 | | | | | | | | 50,829,763 | |
| | | | | | | | | | | | | | | | |
| | | | |
Distributions to shareholders from | | | | | | | | | | | | | | | | |
Net investment income | | | | | | | | | | | | | | | | |
Class A | | | | | | | 0 | | | | | | | | (441,335 | ) |
Class B | | | | | | | 0 | | | | | | | | (4,159 | ) |
Class C | | | | | | | 0 | | | | | | | | (64,594 | ) |
Administrator Class | | | | | | | 0 | | | | | | | | (2,169,932 | ) |
Institutional Class | | | | | | | 0 | | | | | | | | (15,982,869 | ) |
Investor Class | | | | | | | 0 | | | | | | | | (2,025,777 | ) |
Net realized gains | | | | | | | | | | | | | | | | |
Class A | | | | | | | 0 | | | | | | | | (104,048 | ) |
Class B | | | | | | | 0 | | | | | | | | (1,566 | ) |
Class C | | | | | | | 0 | | | | | | | | (20,300 | ) |
Administrator Class | | | | | | | 0 | | | | | | | | (576,823 | ) |
Institutional Class | | | | | | | 0 | | | | | | | | (3,244,184 | ) |
Investor Class | | | | | | | 0 | | | | | | | | (491,552 | ) |
| | | | | | | | | | | | | | | | |
Total distributions to shareholders | | | | | | | 0 | | | | | | | | (25,127,139 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
Capital share transactions | | | Shares | | | | | | | | Shares | | | | | |
Proceeds from shares sold | | | | | | | | | | | | | | | | |
Class A | | | 40,466 | | | | 439,494 | | | | 168,406 | | | | 1,795,452 | |
Class B | | | 0 | | | | 0 | | | | 2,245 | | | | 24,943 | |
Class C | | | 10,145 | | | | 112,424 | | | | 45,022 | | | | 493,549 | |
Administrator Class | | | 4,184,374 | | | | 46,140,880 | | | | 7,057,884 | | | | 76,983,266 | |
Institutional Class | | | 9,966,373 | | | | 110,804,633 | | | | 24,106,220 | | | | 262,973,342 | |
Investor Class | | | 1,613,591 | | | | 17,838,958 | | | | 3,935,267 | | | | 42,864,180 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 175,336,389 | | | | | | | | 385,134,732 | |
| | | | | | | | | | | | | | | | |
Reinvestment of distributions | | | | | | | | | | | | | | | | |
Class A | | | 0 | | | | 0 | | | | 49,084 | | | | 521,304 | |
Class B | | | 0 | | | | 0 | | | | 478 | | | | 5,247 | |
Class C | | | 0 | | | | 0 | | | | 6,518 | | | | 70,790 | |
Administrator Class | | | 0 | | | | 0 | | | | 252,838 | | | | 2,732,704 | |
Institutional Class | | | 0 | | | | 0 | | | | 1,771,367 | | | | 19,181,020 | |
Investor Class | | | 0 | | | | 0 | | | | 231,752 | | | | 2,503,548 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 0 | | | | | | | | 25,014,613 | |
| | | | | | | | | | | | | | | | |
Payment for shares redeemed | | | | | | | | | | | | | | | | |
Class A | | | (170,922 | ) | | | (1,855,582 | ) | | | (374,359 | ) | | | (3,998,157 | ) |
Class B | | | (8,799 | ) | | | (98,804 | ) | | | (60,772 | ) | | | (665,251 | ) |
Class C | | | (22,561 | ) | | | (250,373 | ) | | | (112,210 | ) | | | (1,222,396 | ) |
Administrator Class | | | (3,023,108 | ) | | | (33,535,023 | ) | | | (3,480,359 | ) | | | (37,943,656 | ) |
Institutional Class | | | (10,083,298 | ) | | | (111,776,285 | ) | | | (16,593,030 | ) | | | (181,239,502 | ) |
Investor Class | | | (1,418,054 | ) | | | (15,690,018 | ) | | | (2,497,613 | ) | | | (27,176,832 | ) |
| | | | | | | | | | | | | | | | |
| | | | | | | (163,206,085 | ) | | | | | | | (252,245,794 | ) |
| | | | | | | | | | | | | | | | |
Net increase in net assets resulting from capital share transactions | | | | | | | 12,130,304 | | | | | | | | 157,903,551 | |
| | | | | | | | | | | | | | | | |
Total increase in net assets | | | | | | | 31,383,114 | | | | | | | | 183,606,175 | |
| | | | | | | | | | | | | | | | |
| | | | |
Net assets | | | | | | | | | | | | | | | | |
Beginning of period | | | | | | | 957,473,768 | | | | | | | | 773,867,593 | |
| | | | | | | | | | | | | | | | |
End of period | | | | | | $ | 988,856,882 | | | | | | | $ | 957,473,768 | |
| | | | | | | | | | | | | | | | |
Undistributed net investment income | | | | | | $ | 12,185,502 | | | | | | | $ | 2,882,794 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Statements of changes in net assets | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 33 | |
| | | | | | | | | | | | | | | | |
| | | Target 2010 Fund | |
| | | Six months ended August 31, 2012 (unaudited) | | | Year ended
February 29, 2012 | |
| | | | |
Operations | | | | | | | | | | | | | | | | |
Net investment income | | | | | | $ | 8,211,020 | | | | | | | $ | 16,483,214 | |
Net realized gains on investments | | | | | | | 4,954,148 | | | | | | | | 15,053,302 | |
Net change in unrealized gains (losses) on investments | | | | | | | 2,292,570 | | | | | | | | 12,894,935 | |
| | | | | | | | | | | | | | | | |
Net increase in net assets resulting from operations | | | | | | | 15,457,738 | | | | | | | | 44,431,451 | |
| | | | | | | | | | | | | | | | |
| | | | |
Distributions to shareholders from | | | | | | | | | | | | | | | | |
Net investment income | | | | | | | | | | | | | | | | |
Class A | | | | | | | (281,316 | ) | | | | | | | (749,683 | ) |
Class B | | | | | | | (1,808 | ) | | | | | | | (7,890 | ) |
Class C | | | | | | | (12,097 | ) | | | | | | | (34,986 | ) |
Administrator Class | | | | | | | (1,838,604 | ) | | | | | | | (3,902,589 | ) |
Institutional Class | | | | | | | (5,100,246 | ) | | | | | | | (12,535,694 | ) |
Investor Class | | | | | | | (478,907 | ) | | | | | | | (1,101,774 | ) |
| | | | | | | | | | | | | | | | |
Total distributions to shareholders | | | | | | | (7,712,978 | ) | | | | | | | (18,332,616 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
Capital share transactions | | | Shares | | | | | | | | Shares | | | | | |
Proceeds from shares sold | | | | | | | | | | | | | | | | |
Class A | | | 45,484 | | | | 600,399 | | | | 280,753 | | | | 3,633,637 | |
Class B | | | 2,622 | | | | 35,109 | | | | 17,300 | | | | 225,174 | |
Class C | | | 17,443 | | | | 234,455 | | | | 53,291 | | | | 701,285 | |
Administrator Class | | | 4,417,541 | | | | 58,663,779 | | | | 4,708,663 | | | | 61,663,211 | |
Institutional Class | | | 6,524,246 | | | | 87,090,541 | | | | 18,322,991 | | | | 239,627,102 | |
Investor Class | | | 607,739 | | | | 8,091,839 | | | | 1,306,415 | | | | 17,057,568 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 154,716,122 | | | | | | | | 322,907,977 | |
| | | | | | | | | | | | | | | | |
Reinvestment of distributions | | | | | | | | | | | | | | | | |
Class A | | | 20,918 | | | | 272,358 | | | | 55,380 | | | | 711,007 | |
Class B | | | 132 | | | | 1,734 | | | | 541 | | | | 6,994 | |
Class C | | | 891 | | | | 11,767 | | | | 2,538 | | | | 33,021 | |
Administrator Class | | | 140,031 | | | | 1,838,604 | | | | 301,246 | | | | 3,902,521 | |
Institutional Class | | | 386,114 | | | | 5,069,678 | | | | 962,393 | | | | 12,460,453 | |
Investor Class | | | 36,508 | | | | 478,618 | | | | 84,570 | | | | 1,093,167 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 7,672,759 | | | | | | | | 18,207,163 | |
| | | | | | | | | | | | | | | | |
Payment for shares redeemed | | | | | | | | | | | | | | | | |
Class A | | | (238,535 | ) | | | (3,150,193 | ) | | | (657,988 | ) | | | (8,540,611 | ) |
Class B | | | (16,942 | ) | | | (225,134 | ) | | | (81,141 | ) | | | (1,052,552 | ) |
Class C | | | (24,741 | ) | | | (331,614 | ) | | | (47,676 | ) | | | (623,957 | ) |
Administrator Class | | | (2,999,360 | ) | | | (40,026,546 | ) | | | (5,545,086 | ) | | | (72,609,821 | ) |
Institutional Class | | | (9,422,029 | ) | | | (125,560,457 | ) | | | (12,306,521 | ) | | | (161,054,673 | ) |
Investor Class | | | (648,188 | ) | | | (8,625,535 | ) | | | (910,036 | ) | | | (11,906,175 | ) |
| | | | | | | | | | | | | | | | |
| | | | | | | (177,919,479 | ) | | | | | | | (255,787,789 | ) |
| | | | | | | | | | | | | | | | |
Net increase (decrease) in net assets resulting from capital share transactions | | | | | | | (15,530,598 | ) | | | | | | | 85,327,351 | |
| | | | | | | | | | | | | | | | |
Total increase (decrease) in net assets | | | | | | | (7,785,838 | ) | | | | | | | 111,426,186 | |
| | | | | | | | | | | | | | | | |
| | | | |
Net assets | | | | | | | | | | | | | | | | |
Beginning of period | | | | | | | 859,734,440 | | | | | | | | 748,308,254 | |
| | | | | | | | | | | | | | | | |
End of period | | | | | | $ | 851,948,602 | | | | | | | $ | 859,734,440 | |
| | | | | | | | | | | | | | | | |
Undistributed net investment income | | | | | | $ | 2,841,240 | | | | | | | $ | 2,343,198 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 34 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Statements of changes in net assets |
| | | | | | | | | | | | | | | | |
| | | Target 2015 Fund | |
| | | Six months ended August 31, 2012 (unaudited) | | | Year ended
February 29, 2012 | |
| | | | |
Operations | | | | | | | | | | | | | | | | |
Net investment income | | | | | | $ | 7,824,124 | | | | | | | $ | 12,922,382 | |
Net realized gains on investments | | | | | | | 5,783,831 | | | | | | | | 9,565,632 | |
Net change in unrealized gains (losses) on investments | | | | | | | (593,818 | ) | | | | | | | 12,592,961 | |
| | | | | | | | | | | | | | | | |
Net increase in net assets resulting from operations | | | | | | | 13,014,137 | | | | | | | | 35,080,975 | |
| | | | | | | | | | | | | | | | |
| | | | |
Distributions to shareholders from | | | | | | | | | | | | | | | | |
Net investment income | | | | | | | | | | | | | | | | |
Administrator Class | | | | | | | (845,298 | ) | | | | | | | (1,259,319 | ) |
Institutional Class | | | | | | | (5,806,352 | ) | | | | | | | (9,219,251 | ) |
Investor Class | | | | | | | (1,546,781 | ) | | | | | | | (2,530,897 | ) |
Net realized gains | | | | | | | | | | | | | | | | |
Administrator Class | | | | | | | 0 | | | | | | | | (873,622 | ) |
Institutional Class | | | | | | | 0 | | | | | | | | (5,124,567 | ) |
Investor Class | | | | | | | 0 | | | | | | | | (1,675,940 | ) |
| | | | | | | | | | | | | | | | |
Total distributions to shareholders | | | | | | | (8,198,431 | ) | | | | | | | (20,683,596 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
Capital share transactions | | | Shares | | | | | | | | Shares | | | | | |
Proceeds from shares sold | | | | | | | | | | | | | | | | |
Administrator Class | | | 2,535,393 | | | | 25,263,652 | | | | 4,158,920 | | | | 41,140,441 | |
Institutional Class | | | 10,662,262 | | | | 105,604,143 | | | | 25,474,990 | | | | 249,645,896 | |
Investor Class | | | 3,824,899 | | | | 38,273,837 | | | | 4,599,362 | | | | 45,636,076 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 169,141,632 | | | | | | | | 336,422,413 | |
| | | | | | | | | | | | | | | | |
Reinvestment of distributions | | | | | | | | | | | | | | | | |
Administrator Class | | | 85,358 | | | | 843,737 | | | | 218,572 | | | | 2,127,967 | |
Institutional Class | | | 588,997 | | | | 5,759,462 | | | | 1,475,197 | | | | 14,201,227 | |
Investor Class | | | 156,209 | | | | 1,545,702 | | | | 430,496 | | | | 4,198,009 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 8,148,901 | | | | | | | | 20,527,203 | |
| | | | | | | | | | | | | | | | |
Payment for shares redeemed | | | | | | | | | | | | | | | | |
Administrator Class | | | (1,913,212 | ) | | | (19,198,400 | ) | | | (2,155,246 | ) | | | (21,400,770 | ) |
Institutional Class | | | (7,807,757 | ) | | | (77,159,962 | ) | | | (12,673,556 | ) | | | (124,251,499 | ) |
Investor Class | | | (1,608,704 | ) | | | (16,145,871 | ) | | | (2,991,375 | ) | | | (29,703,618 | ) |
| | | | | | | | | | | | | | | | |
| | | | | | | (112,504,233 | ) | | | | | | | (175,355,887 | ) |
| | | | | | | | | | | | | | | | |
Net increase in net assets resulting from capital share transactions | | | | | | | 64,786,300 | | | | | | | | 181,593,729 | |
| | | | | | | | | | | | | | | | |
Total increase in net assets | | | | | | | 69,602,006 | | | | | | | | 195,991,108 | |
| | | | | | | | | | | | | | | | |
| | | | |
Net assets | | | | | | | | | | | | | | | | |
Beginning of period | | | | | | | 786,985,946 | | | | | | | | 590,994,838 | |
| | | | | | | | | | | | | | | | |
End of period | | | | | | $ | 856,587,952 | | | | | | | $ | 786,985,946 | |
| | | | | | | | | | | | | | | | |
Undistributed net investment income | | | | | | $ | 2,735,896 | | | | | | | $ | 3,110,203 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Statements of changes in net assets | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 35 | |
| | | | | | | | | | | | | | | | |
| | | Target 2020 Fund | |
| | | Six months ended August 31, 2012 (unaudited) | | | Year ended
February 29, 2012 | |
| | | | |
Operations | | | | | | | | | | | | | | | | |
Net investment income | | | | | | $ | 21,651,351 | | | | | | | $ | 37,174,931 | |
Net realized gains on investments | | | | | | | 19,801,608 | | | | | | | | 38,699,684 | |
Net change in unrealized gains (losses) on investments | | | | | | | (16,942,157 | ) | | | | | | | 15,315,986 | |
| | | | | | | | | | | | | | | | |
Net increase in net assets resulting from operations | | | | | | | 24,510,802 | | | | | | | | 91,190,601 | |
| | | | | | | | | | | | | | | | |
| | | | |
Distributions to shareholders from | | | | | | | | | | | | | | | | |
Net investment income | | | | | | | | | | | | | | | | |
Class A | | | | | | | (507,174 | ) | | | | | | | (1,191,172 | ) |
Class B | | | | | | | (1,604 | ) | | | | | | | (7,738 | ) |
Class C | | | | | | | (14,329 | ) | | | | | | | (37,169 | ) |
Administrator Class | | | | | | | (3,828,098 | ) | | | | | | | (7,776,737 | ) |
Institutional Class | | | | | | | (14,057,290 | ) | | | | | | | (29,700,520 | ) |
Investor Class | | | | | | | (1,091,120 | ) | | | | | | | (2,184,199 | ) |
Net realized gains | | | | | | | | | | | | | | | | |
Class A | | | | | | | 0 | | | | | | | | (183,633 | ) |
Class B | | | | | | | 0 | | | | | | | | (2,784 | ) |
Class C | | | | | | | 0 | | | | | | | | (9,530 | ) |
Administrator Class | | | | | | | 0 | | | | | | | | (1,157,006 | ) |
Institutional Class | | | | | | | 0 | | | | | | | | (3,724,974 | ) |
Investor Class | | | | | | | 0 | | | | | | | | (343,302 | ) |
| | | | | | | | | | | | | | | | |
Total distributions to shareholders | | | | | | | (19,499,615 | ) | | | | | | | (46,318,764 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
Capital share transactions | | | Shares | | | | | | | | Shares | | | | | |
Proceeds from shares sold | | | | | | | | | | | | | | | | |
Class A | | | 132,141 | | | | 1,861,363 | | | | 631,870 | | | | 8,829,853 | |
Class B | | | 649 | | | | 9,099 | | | | 2,115 | | | | 29,728 | |
Class C | | | 17,716 | | | | 248,770 | | | | 102,609 | | | | 1,403,302 | |
Administrator Class | | | 6,638,723 | | | | 94,327,027 | | | | 10,928,563 | | | | 153,132,354 | |
Institutional Class | | | 18,724,297 | | | | 268,274,896 | | | | 36,774,730 | | | | 519,301,696 | |
Investor Class | | | 1,903,552 | | | | 27,140,625 | | | | 3,144,337 | | | | 43,997,341 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 391,861,780 | | | | | | | | 726,694,274 | |
| | | | | | | | | | | | | | | | |
Reinvestment of distributions | | | | | | | | | | | | | | | | |
Class A | | | 35,878 | | | | 491,526 | | | | 97,188 | | | | 1,316,845 | |
Class B | | | 110 | | | | 1,504 | | | | 714 | | | | 9,568 | |
Class C | | | 911 | | | | 12,465 | | | | 2,878 | | | | 38,879 | |
Administrator Class | | | 275,547 | | | | 3,827,343 | | | | 650,425 | | | | 8,931,789 | |
Institutional Class | | | 1,004,778 | | | | 13,976,475 | | | | 2,412,837 | | | | 33,191,509 | |
Investor Class | | | 78,444 | | | | 1,088,806 | | | | 183,756 | | | | 2,520,636 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 19,398,119 | | | | | | | | 46,009,226 | |
| | | | | | | | | | | | | | | | |
Payment for shares redeemed | | | | | | | | | | | | | | | | |
Class A | | | (301,409 | ) | | | (4,239,461 | ) | | | (1,037,096 | ) | | | (14,293,065 | ) |
Class B | | | (23,591 | ) | | | (330,961 | ) | | | (104,146 | ) | | | (1,436,578 | ) |
Class C | | | (46,745 | ) | | | (659,919 | ) | | | (63,273 | ) | | | (871,300 | ) |
Administrator Class | | | (5,442,736 | ) | | | (77,501,043 | ) | | | (10,171,608 | ) | | | (142,872,859 | ) |
Institutional Class | | | (15,166,534 | ) | | | (216,673,467 | ) | | | (20,894,664 | ) | | | (292,952,998 | ) |
Investor Class | | | (1,084,905 | ) | | | (15,475,311 | ) | | | (1,748,805 | ) | | | (24,522,722 | ) |
| | | | | | | | | | | | | | | | |
| | | | | | | (314,880,162 | ) | | | | | | | (476,949,522 | ) |
| | | | | | | | | | | | | | | | |
Net increase in net assets resulting from capital share transactions | | | | | | | 96,379,737 | | | | | | | | 295,753,978 | |
| | | | | | | | | | | | | | | | |
Total increase in net assets | | | | | | | 101,390,924 | | | | | | | | 340,625,815 | |
| | | | | | | | | | | | | | | | |
| | | | |
Net assets | | | | | | | | | | | | | | | | |
Beginning of period | | | | | | | 2,233,620,131 | | | | | | | | 1,892,994,316 | |
| | | | | | | | | | | | | | | | |
End of period | | | | | | $ | 2,335,011,055 | | | | | | | $ | 2,233,620,131 | |
| | | | | | | | | | | | | | | | |
Undistributed net investment income | | | | | | $ | 6,618,264 | | | | | | | $ | 4,466,528 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 36 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Statements of changes in net assets |
| | | | | | | | | | | | | | | | |
| | | Target 2025 Fund | |
| | | Six months ended August 31, 2012 (unaudited) | | | Year ended
February 29, 2012 | |
| | | | |
Operations | | | | | | | | | | | | | | | | |
Net investment income | | | | | | $ | 17,948,098 | | | | | | | $ | 29,423,935 | |
Net realized gains on investments | | | | | | | 19,354,729 | | | | | | | | 48,010,089 | |
Net change in unrealized gains (losses) on investments | | | | | | | (25,065,652 | ) | | | | | | | (12,306,697 | ) |
| | | | | | | | | | | | | | | | |
Net increase in net assets resulting from operations | | | | | | | 12,237,175 | | | | | | | | 65,127,327 | |
| | | | | | | | | | | | | | | | |
| | | | |
Distributions to shareholders from | | | | | | | | | | | | | | | | |
Net investment income | | | | | | | | | | | | | | | | |
Administrator Class | | | | | | | (913,368 | ) | | | | | | | (1,438,716 | ) |
Institutional Class | | | | | | | (12,664,469 | ) | | | | | | | (25,612,058 | ) |
Investor Class | | | | | | | (2,250,123 | ) | | | | | | | (4,071,328 | ) |
Net realized gains | | | | | | | | | | | | | | | | |
Administrator Class | | | | | | | 0 | | | | | | | | (2,443,165 | ) |
Institutional Class | | | | | | | 0 | | | | | | | | (32,907,519 | ) |
Investor Class | | | | | | | 0 | | | | | | | | (6,747,046 | ) |
| | | | | | | | | | | | | | | | |
Total distributions to shareholders | | | | | | | (15,827,960 | ) | | | | | | | (73,219,832 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
Capital share transactions | | | Shares | | | | | | | | Shares | | | | | |
Proceeds from shares sold | | | | | | | | | | | | | | | | |
Administrator Class | | | 3,515,257 | | | | 33,486,936 | | | | 6,405,861 | | | | 61,633,506 | |
Institutional Class | | | 16,686,325 | | | | 159,967,053 | | | | 34,405,149 | | | | 330,935,765 | |
Investor Class | | | 6,289,259 | | | | 60,124,686 | | | | 8,333,284 | | | | 79,658,298 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 253,578,675 | | | | | | | | 472,227,569 | |
| | | | | | | | | | | | | | | | |
Reinvestment of distributions | | | | | | | | | | | | | | | | |
Administrator Class | | | 97,584 | | | | 913,368 | | | | 423,018 | | | | 3,881,881 | |
Institutional Class | | | 1,345,869 | | | | 12,602,295 | | | | 6,351,544 | | | | 58,229,396 | |
Investor Class | | | 240,546 | | | | 2,248,948 | | | | 1,177,391 | | | | 10,792,589 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 15,764,611 | | | | | | | | 72,903,866 | |
| | | | | | | | | | | | | | | | |
Payment for shares redeemed | | | | | | | | | | | | | | | | |
Administrator Class | | | (1,923,663 | ) | | | (18,439,672 | ) | | | (2,449,180 | ) | | | (23,720,760 | ) |
Institutional Class | | | (13,468,170 | ) | | | (128,534,530 | ) | | | (25,183,744 | ) | | | (240,890,064 | ) |
Investor Class | | | (2,715,056 | ) | | | (25,964,443 | ) | | | (4,786,211 | ) | | | (45,849,039 | ) |
| | | | | | | | | | | | | | | | |
| | | | | | | (172,938,645 | ) | | | | | | | (310,459,863 | ) |
| | | | | | | | | | | | | | | | |
Net increase in net assets resulting from capital share transactions | | | | | | | 96,404,641 | | | | | | | | 234,671,572 | |
| | | | | | | | | | | | | | | | |
Total increase in net assets | | | | | | | 92,813,856 | | | | | | | | 226,579,067 | |
| | | | | | | | | | | | | | | | |
| | | | |
Net assets | | | | | | | | | | | | | | | | |
Beginning of period | | | | | | | 1,843,226,387 | | | | | | | | 1,616,647,320 | |
| | | | | | | | | | | | | | | | |
End of period | | | | | | $ | 1,936,040,243 | | | | | | | $ | 1,843,226,387 | |
| | | | | | | | | | | | | | | | |
Undistributed net investment income | | | | | | $ | 4,940,031 | | | | | | | $ | 2,819,893 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Statements of changes in net assets | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 37 | |
| | | | | | | | | | | | | | | | |
| | | Target 2030 Fund | |
| | | Six months ended August 31, 2012 (unaudited) | | | Year ended February 29, 2012 | |
| | | | |
Operations | | | | | | | | | | | | | | | | |
Net investment income | | | | | | $ | 18,314,231 | | | | | | | $ | 27,115,516 | |
Net realized gains on investments | | | | | | | 23,180,720 | | | | | | | | 34,051,829 | |
Net change in unrealized gains (losses) on investments | | | | | | | (38,310,123 | ) | | | | | | | (9,847,187 | ) |
| | | | | | | | | | | | | | | | |
Net increase in net assets resulting from operations | | | | | | | 3,184,828 | | | | | | | | 51,320,158 | |
| | | | | | | | | | | | | | | | |
| | | | |
Distributions to shareholders from | | | | | | | | | | | | | | | | |
Net investment income | | | | | | | | | | | | | | | | |
Class A | | | | | | | (366,752 | ) | | | | | | | (772,673 | ) |
Class B | | | | | | | (1,097 | ) | | | | | | | (4,327 | ) |
Class C | | | | | | | (11,292 | ) | | | | | | | (26,667 | ) |
Administrator Class | | | | | | | (2,975,177 | ) | | | | | | | (5,246,485 | ) |
Institutional Class | | | | | | | (11,508,226 | ) | | | | | | | (20,783,811 | ) |
Investor Class | | | | | | | (905,895 | ) | | | | | | | (1,460,166 | ) |
Net realized gains | | | | | | | | | | | | | | | | |
Class A | | | | | | | 0 | | | | | | | | (750,613 | ) |
Class B | | | | | | | 0 | | | | | | | | (11,291 | ) |
Class C | | | | | | | 0 | | | | | | | | (31,621 | ) |
Administrator Class | | | | | | | 0 | | | | | | | | (4,884,346 | ) |
Institutional Class | | | | | | | 0 | | | | | | | | (16,233,953 | ) |
Investor Class | | | | | | | 0 | | | | | | | | (1,489,261 | ) |
| | | | | | | | | | | | | | | | |
Total distributions to shareholders | | | | | | | (15,768,439 | ) | | | | | | | (51,695,214 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
Capital share transactions | | | Shares | | | | | | | | Shares | | | | | |
Proceeds from shares sold | | | | | | | | | | | | | | | | |
Class A | | | 102,767 | | | | 1,483,332 | | | | 485,942 | | | | 7,057,216 | |
Class B | | | 1,740 | | | | 24,573 | | | | 4,456 | | | | 61,365 | |
Class C | | | 37,514 | | | | 529,188 | | | | 57,591 | | | | 820,045 | |
Administrator Class | | | 5,997,773 | | | | 87,266,007 | | | | 9,685,806 | | | | 140,322,433 | |
Institutional Class | | | 17,975,561 | | | | 263,347,301 | | | | 33,363,352 | | | | 486,113,377 | |
Investor Class | | | 1,862,510 | | | | 27,002,266 | | | | 2,858,201 | | | | 41,223,052 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 379,652,667 | | | | | | | | 675,597,488 | |
| | | | | | | | | | | | | | | | |
Reinvestment of distributions | | | | | | | | | | | | | | | | |
Class A | | | 25,454 | | | | 353,047 | | | | 106,044 | | | | 1,454,839 | |
Class B | | | 79 | | | | 1,084 | | | | 1,090 | | | | 14,627 | |
Class C | | | 789 | | | | 10,734 | | | | 3,326 | | | | 44,636 | |
Administrator Class | | | 212,044 | | | | 2,974,989 | | | | 729,253 | | | | 10,130,072 | |
Institutional Class | | | 813,376 | | | | 11,403,534 | | | | 2,640,535 | | | | 36,665,586 | |
Investor Class | | | 64,660 | | | | 905,235 | | | | 212,158 | | | | 2,937,640 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 15,648,623 | | | | | | | | 51,247,400 | |
| | | | | | | | | | | | | | | | |
Payment for shares redeemed | | | | | | | | | | | | | | | | |
Class A | | | (301,498 | ) | | | (4,340,247 | ) | | | (715,433 | ) | | | (10,355,181 | ) |
Class B | | | (19,651 | ) | | | (281,928 | ) | | | (80,331 | ) | | | (1,134,786 | ) |
Class C | | | (24,696 | ) | | | (349,909 | ) | | | (13,965 | ) | | | (194,454 | ) |
Administrator Class | | | (4,527,739 | ) | | | (65,952,554 | ) | | | (8,876,276 | ) | | | (128,685,126 | ) |
Institutional Class | | | (13,610,925 | ) | | | (198,091,894 | ) | | | (16,386,961 | ) | | | (235,278,754 | ) |
Investor Class | | | (889,680 | ) | | | (12,941,334 | ) | | | (1,363,828 | ) | | | (19,737,382 | ) |
| | | | | | | | | | | | | | | | |
| | | | | | | (281,957,866 | ) | | | | | | | (395,385,683 | ) |
| | | | | | | | | | | | | | | | |
Net increase in net assets resulting from capital share transactions | | | | | | | 113,343,424 | | | | | | | | 331,459,205 | |
| | | | | | | | | | | | | | | | |
Total increase in net assets | | | | | | | 100,759,813 | | | | | | | | 331,084,149 | |
| | | | | | | | | | | | | | | | |
| | | | |
Net assets | | | | | | | | | | | | | | | | |
Beginning of period | | | | | | | 1,919,020,167 | | | | | | | | 1,587,936,018 | |
| | | | | | | | | | | | | | | | |
End of period | | | | | | $ | 2,019,779,980 | | | | | | | $ | 1,919,020,167 | |
| | | | | | | | | | | | | | | | |
Undistributed net investment income | | | | | | $ | 4,650,886 | | | | | | | $ | 2,105,094 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 38 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Statements of changes in net assets |
| | | | | | | | | | | | | | | | |
| | | Target 2035 Fund | |
| | | Six months ended August 31, 2012 (unaudited) | | | Year ended February 29, 2012 | |
| | | | |
Operations | | | | | | | | | | | | | | | | |
Net investment income | | | | | | $ | 7,590,108 | | | | | | | $ | 9,638,691 | |
Net realized gains on investments | | | | | | | 10,920,952 | | | | | | | | 8,246,970 | |
Net change in unrealized gains (losses) on investments | | | | | | | (19,076,720 | ) | | | | | | | 1,151,064 | |
| | | | | | | | | | | | | | | | |
Net increase (decrease) in net assets resulting from operations | | | | | | | (565,660 | ) | | | | | | | 19,036,725 | |
| | | | | | | | | | | | | | | | |
| | | | |
Distributions to shareholders from | | | | | | | | | | | | | | | | |
Net investment income | | | | | | | | | | | | | | | | |
Administrator Class | | | | | | | (569,670 | ) | | | | | | | (750,692 | ) |
Institutional Class | | | | | | | (4,153,296 | ) | | | | | | | (5,781,114 | ) |
Investor Class | | | | | | | (1,639,539 | ) | | | | | | | (2,433,324 | ) |
Net realized gains | | | | | | | | | | | | | | | | |
Administrator Class | | | | | | | 0 | | | | | | | | (1,031,832 | ) |
Institutional Class | | | | | | | 0 | | | | | | | | (6,258,998 | ) |
Investor Class | | | | | | | 0 | | | | | | | | (3,315,052 | ) |
| | | | | | | | | | | | | | | | |
Total distributions to shareholders | | | | | | | (6,362,505 | ) | | | | | | | (19,571,012 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
Capital share transactions | | | Shares | | | | | | | | Shares | | | | | |
Proceeds from shares sold | | | | | | | | | | | | | | | | |
Administrator Class | | | 2,590,654 | | | | 23,879,585 | | | | 4,970,249 | | | | 46,433,738 | |
Institutional Class | | | 11,532,444 | | | | 107,260,315 | | | | 23,050,944 | | | | 213,557,274 | |
Investor Class | | | 5,234,302 | | | | 48,862,411 | | | | 7,187,781 | | | | 66,379,605 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 180,002,311 | | | | | | | | 326,370,617 | |
| | | | | | | | | | | | | | | | |
Reinvestment of distributions | | | | | | | | | | | | | | | | |
Administrator Class | | | 62,963 | | | | 569,670 | | | | 203,344 | | | | 1,782,524 | |
Institutional Class | | | 452,636 | | | | 4,101,313 | | | | 1,361,889 | | | | 11,893,990 | |
Investor Class | | | 180,440 | | | | 1,637,387 | | | | 652,519 | | | | 5,739,759 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 6,308,370 | | | | | | | | 19,416,273 | |
| | | | | | | | | | | | | | | | |
Payment for shares redeemed | | | | | | | | | | | | | | | | |
Administrator Class | | | (1,336,116 | ) | | | (12,496,313 | ) | | | (2,295,179 | ) | | | (21,785,589 | ) |
Institutional Class | | | (5,216,475 | ) | | | (48,116,288 | ) | | | (8,919,127 | ) | | | (82,073,140 | ) |
Investor Class | | | (2,070,627 | ) | | | (19,386,141 | ) | | | (3,417,772 | ) | | | (31,600,228 | ) |
| | | | | | | | | | | | | | | | |
| | | | | | | (79,998,742 | ) | | | | | | | (135,458,957 | ) |
| | | | | | | | | | | | | | | | |
Net increase in net assets resulting from capital share transactions | | | | | | | 106,311,939 | | | | | | | | 210,327,933 | |
| | | | | | | | | | | | | | | | |
Total increase in net assets | | | | | | | 99,383,774 | | | | | | | | 209,793,646 | |
| | | | | | | | | | | | | | | | |
| | | | |
Net assets | | | | | | | | | | | | | | | | |
Beginning of period | | | | | | | 802,961,065 | | | | | | | | 593,167,419 | |
| | | | | | | | | | | | | | | | |
End of period | | | | | | $ | 902,344,839 | | | | | | | $ | 802,961,065 | |
| | | | | | | | | | | | | | | | |
Undistributed net investment income | | | | | | $ | 1,991,215 | | | | | | | $ | 763,612 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Statements of changes in net assets | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 39 | |
| | | | | | | | | | | | | | | | |
| | | Target 2040 Fund | |
| | | Six months ended August 31, 2012 (unaudited) | | | Year ended February 29, 2012 | |
| | | | |
Operations | | | | | | | | | | | | | | | | |
Net investment income | | | | | | $ | 11,800,935 | | | | | | | $ | 15,964,547 | |
Net realized gains on investments | | | | | | | 18,185,771 | | | | | | | | 23,556,443 | |
Net change in unrealized gains (losses) on investments | | | | | | | (36,148,295 | ) | | | | | | | (20,260,995 | ) |
| | | | | | | | | | | | | | | | |
Net increase (decrease) in net assets resulting from operations | | | | | | | (6,161,589 | ) | | | | | | | 19,259,995 | |
| | | | | | | | | | | | | | | | |
| | | | |
Distributions to shareholders from | | | | | | | | | | | | | | | | |
Net investment income | | | | | | | | | | | | | | | | |
Class A | | | | | | | (602,364 | ) | | | | | | | (1,102,225 | ) |
Class B | | | | | | | (1,384 | ) | | | | | | | (6,776 | ) |
Class C | | | | | | | (11,541 | ) | | | | | | | (22,294 | ) |
Administrator Class | | | | | | | (1,797,596 | ) | | | | | | | (2,941,627 | ) |
Institutional Class | | | | | | | (7,061,207 | ) | | | | | | | (11,077,151 | ) |
Investor Class | | | | | | | (446,666 | ) | | | | | | | (609,439 | ) |
Net realized gains | | | | | | | | | | | | | | | | |
Class A | | | | | | | 0 | | | | | | | | (1,674,412 | ) |
Class B | | | | | | | 0 | | | | | | | | (26,426 | ) |
Class C | | | | | | | 0 | | | | | | | | (55,987 | ) |
Administrator Class | | | | | | | 0 | | | | | | | | (3,924,109 | ) |
Institutional Class | | | | | | | 0 | | | | | | | | (12,787,455 | ) |
Investor Class | | | | | | | 0 | | | | | | | | (962,543 | ) |
| | | | | | | | | | | | | | | | |
Total distributions to shareholders | | | | | | | (9,920,758 | ) | | | | | | | (35,190,444 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
Capital share transactions | | | Shares | | | | | | | | Shares | | | | | |
Proceeds from shares sold | | | | | | | | | | | | | | | | |
Class A | | | 112,995 | | | | 1,774,841 | | | | 385,565 | | | | 6,150,436 | |
Class B | | | 0 | | | | 0 | | | | 1,770 | | | | 27,341 | |
Class C | | | 27,267 | | | | 408,270 | | | | 72,352 | | | | 1,091,671 | |
Administrator Class | | | 3,621,796 | | | | 57,429,876 | | | | 6,594,449 | | | | 104,747,908 | |
Institutional Class | | | 12,889,185 | | | | 205,464,527 | | | | 21,402,909 | | | | 340,971,459 | |
Investor Class | | | 1,018,587 | | | | 16,118,281 | | | | 1,494,557 | | | | 23,650,060 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 281,195,795 | | | | | | | | 476,638,875 | |
| | | | | | | | | | | | | | | | |
Reinvestment of distributions | | | | | | | | | | | | | | | | |
Class A | | | 39,816 | | | | 592,864 | | | | 183,673 | | | | 2,704,479 | |
Class B | | | 96 | | | | 1,367 | | | | 2,158 | | | | 30,135 | |
Class C | | | 762 | | | | 10,780 | | | | 4,938 | | | | 68,820 | |
Administrator Class | | | 118,723 | | | | 1,797,468 | | | | 457,843 | | | | 6,865,179 | |
Institutional Class | | | 463,211 | | | | 7,017,639 | | | | 1,579,969 | | | | 23,701,715 | |
Investor Class | | | 29,495 | | | | 445,957 | | | | 105,078 | | | | 1,569,513 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 9,866,075 | | | | | | | | 34,939,841 | |
| | | | | | | | | | | | | | | | |
Payment for shares redeemed | | | | | | | | | | | | | | | | |
Class A | | | (388,824 | ) | | | (6,094,215 | ) | | | (1,028,279 | ) | | | (16,153,396 | ) |
Class B | | | (39,737 | ) | | | (601,982 | ) | | | (84,812 | ) | | | (1,286,454 | ) |
Class C | | | (26,973 | ) | | | (400,944 | ) | | | (34,593 | ) | | | (493,456 | ) |
Administrator Class | | | (3,129,689 | ) | | | (49,427,143 | ) | | | (6,992,963 | ) | | | (110,429,417 | ) |
Institutional Class | | | (8,917,815 | ) | | | (141,512,143 | ) | | | (10,482,716 | ) | | | (165,305,790 | ) |
Investor Class | | | (476,376 | ) | | | (7,607,501 | ) | | | (587,489 | ) | | | (9,252,261 | ) |
| | | | | | | | | | | | | | | | |
| | | | | | | (205,643,928 | ) | | | | | | | (302,920,774 | ) |
| | | | | | | | | | | | | | | | |
Net increase in net assets resulting from capital share transactions | | | | | | | 85,417,942 | | | | | | | | 208,657,942 | |
| | | | | | | | | | | | | | | | |
Total increase in net assets | | | | | | | 69,335,595 | | | | | | | | 192,727,493 | |
| | | | | | | | | | | | | | | | |
| | | | |
Net assets | | | | | | | | | | | | | | | | |
Beginning of period | | | | | | | 1,276,357,115 | | | | | | | | 1,083,629,622 | |
| | | | | | | | | | | | | | | | |
End of period | | | | | | $ | 1,345,692,710 | | | | | | | $ | 1,276,357,115 | |
| | | | | | | | | | | | | | | | |
Undistributed net investment income | | | | | | $ | 2,468,750 | | | | | | | $ | 588,573 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 40 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Statements of changes in net assets |
| | | | | | | | | | | | | | | | |
| | | Target 2045 Fund | |
| | | Six months ended August 31, 2012 (unaudited) | | | Year ended February 29, 2012 | |
| | | | |
Operations | | | | | | | | | | | | | | | | |
Net investment income | | | | | | $ | 3,574,193 | | | | | | | $ | 4,027,377 | |
Net realized gains on investments | | | | | | | 5,652,228 | | | | | | | | 20,438 | |
Net change in unrealized gains (losses) on investments | | | | | | | (10,191,243 | ) | | | | | | | 3,769,925 | |
| | | | | | | | | | | | | | | | |
Net increase (decrease) in net assets resulting from operations | | | | | | | (964,822 | ) | | | | | | | 7,817,740 | |
| | | | | | | | | | | | | | | | |
| | | | |
Distributions to shareholders from | | | | | | | | | | | | | | | | |
Net investment income | | | | | | | | | | | | | | | | |
Administrator Class | | | | | | | (233,185 | ) | | | | | | | (334,860 | ) |
Institutional Class | | | | | | | (1,989,168 | ) | | | | | | | (2,238,426 | ) |
Investor Class | | | | | | | (674,486 | ) | | | | | | | (952,893 | ) |
Net realized gains | | | | | | | | | | | | | | | | |
Administrator Class | | | | | | | 0 | | | | | | | | (172,327 | ) |
Institutional Class | | | | | | | 0 | | | | | | | | (917,408 | ) |
Investor Class | | | | | | | 0 | | | | | | | | (498,858 | ) |
| | | | | | | | | | | | | | | | |
Total distributions to shareholders | | | | | | | (2,896,839 | ) | | | | | | | (5,114,772 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
Capital share transactions | | | Shares | | | | | | | | Shares | | | | | |
Proceeds from shares sold | | | | | | | | | | | | | | | | |
Administrator Class | | | 1,309,562 | | | | 12,183,962 | | | | 2,311,584 | | | | 21,505,695 | |
Institutional Class | | | 7,423,270 | | | | 69,244,666 | | | | 12,521,284 | | | | 114,806,260 | |
Investor Class | | | 4,542,985 | | | | 42,074,211 | | | | 4,874,575 | | | | 45,030,944 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 123,502,839 | | | | | | | | 181,342,899 | |
| | | | | | | | | | | | | | | | |
Reinvestment of distributions | | | | | | | | | | | | | | | | |
Administrator Class | | | 25,546 | | | | 233,185 | | | | 58,104 | | | | 507,143 | |
Institutional Class | | | 218,688 | | | | 1,978,844 | | | | 361,910 | | | | 3,140,564 | |
Investor Class | | | 73,829 | | | | 674,425 | | | | 165,575 | | | | 1,451,257 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 2,886,454 | | | | | | | | 5,098,964 | |
| | | | | | | | | | | | | | | | |
Payment for shares redeemed | | | | | | | | | | | | | | | | |
Administrator Class | | | (760,934 | ) | | | (7,163,679 | ) | | | (1,068,069 | ) | | | (10,147,921 | ) |
Institutional Class | | | (3,099,624 | ) | | | (28,687,609 | ) | | | (5,108,831 | ) | | | (46,290,482 | ) |
Investor Class | | | (1,199,170 | ) | | | (11,255,910 | ) | | | (1,782,836 | ) | | | (16,578,656 | ) |
| | | | | | | | | | | | | | | | |
| | | | | | | (47,107,198 | ) | | | | | | | (73,017,059 | ) |
| | | | | | | | | | | | | | | | |
Net increase in net assets resulting from capital share transactions | | | | | | | 79,282,095 | | | | | | | | 113,424,804 | |
| | | | | | | | | | | | | | | | |
Total increase in net assets | | | | | | | 75,420,434 | | | | | | | | 116,127,772 | |
| | | | | | | | | | | | | | | | |
| | | | |
Net assets | | | | | | | | | | | | | | | | |
Beginning of period | | | | | | | 370,576,706 | | | | | | | | 254,448,934 | |
| | | | | | | | | | | | | | | | |
End of period | | | | | | $ | 445,997,140 | | | | | | | $ | 370,576,706 | |
| | | | | | | | | | | | | | | | |
Undistributed net investment income | | | | | | $ | 965,897 | | | | | | | $ | 288,543 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Statements of changes in net assets | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 41 | |
| | | | | | | | | | | | | | | | |
| | | Target 2050 Fund | |
| | | Six months ended August 31, 2012 (unaudited) | | | Year ended February 29, 2012 | |
| | | | |
Operations | | | | | | | | | | | | | | | | |
Net investment income | | | | | | $ | 7,435,073 | | | | | | | $ | 10,070,892 | |
Net realized gains on investments | | | | | | | 11,369,696 | | | | | | | | 16,964,872 | |
Net change in unrealized gains (losses) on investments | | | | | | | (22,704,058 | ) | | | | | | | (14,861,405 | ) |
| | | | | | | | | | | | | | | | |
Net increase (decrease) in net assets resulting from operations | | | | | | | (3,899,289 | ) | | | | | | | 12,174,359 | |
| | | | | | | | | | | | | | | | |
| | | | |
Distributions to shareholders from | | | | | | | | | | | | | | | | |
Net investment income | | | | | | | | | | | | | | | | |
Administrator Class | | | | | | | (643,701 | ) | | | | | | | (784,638 | ) |
Institutional Class | | | | | | | (5,440,788 | ) | | | | | | | (7,793,105 | ) |
Investor Class | | | | | | | (195,478 | ) | | | | | | | (255,238 | ) |
Net realized gains | | | | | | | | | | | | | | | | |
Administrator Class | | | | | | | 0 | | | | | | | | (2,209,078 | ) |
Institutional Class | | | | | | | 0 | | | | | | | | (16,622,909 | ) |
Investor Class | | | | | | | 0 | | | | | | | | (721,604 | ) |
| | | | | | | | | | | | | | | | |
Total distributions to shareholders | | | | | | | (6,279,967 | ) | | | | | | | (28,386,572 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
Capital share transactions | | | Shares | | | | | | | | Shares | | | | | |
Proceeds from shares sold | | | | | | | | | | | | | | | | |
Administrator Class | | | 3,123,887 | | | | 27,860,906 | | | | 5,831,652 | | | | 52,243,078 | |
Institutional Class | | | 15,111,553 | | | | 135,358,762 | | | | 26,532,137 | | | | 238,408,872 | |
Investor Class | | | 850,026 | | | | 7,508,876 | | | | 1,089,520 | | | | 9,835,817 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 170,728,544 | | | | | | | | 300,487,767 | |
| | | | | | | | | | | | | | | | |
Reinvestment of distributions | | | | | | | | | | | | | | | | |
Administrator Class | | | 14,020 | | | | 643,686 | | | | 357,859 | | | | 2,993,632 | |
Institutional Class | | | 619,853 | | | | 5,422,739 | | | | 2,897,951 | | | | 24,322,029 | |
Investor Class | | | 22,353 | | | | 194,918 | | | | 115,833 | | | | 971,812 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 6,261,343 | | | | | | | | 28,287,473 | |
| | | | | | | | | | | | | | | | |
Payment for shares redeemed | | | | | | | | | | | | | | | | |
Administrator Class | | | (1,874,484 | ) | | | (16,803,124 | ) | | | (3,719,855 | ) | | | (33,304,448 | ) |
Institutional Class | | | (10,607,906 | ) | | | (94,678,103 | ) | | | (17,696,508 | ) | | | (157,973,765 | ) |
Investor Class | | | (282,079 | ) | | | (2,538,278 | ) | | | (703,054 | ) | | | (6,386,504 | ) |
| | | | | | | | | | | | | | | | |
| | | | | | | (114,019,505 | ) | | | | | | | (197,664,717 | ) |
| | | | | | | | | | | | | | | | |
Net increase in net assets resulting from capital share transactions | | | | | | | 62,970,382 | | | | | | | | 131,110,523 | |
| | | | | | | | | | | | | | | | |
Total increase in net assets | | | | | | | 52,791,126 | | | | | | | | 114,898,310 | |
| | | | | | | | | | | | | | | | |
| | | | |
Net assets | | | | | | | | | | | | | | | | |
Beginning of period | | | | | | | 769,907,325 | | | | | | | | 655,009,015 | |
| | | | | | | | | | | | | | | | |
End of period | | | | | | $ | 822,698,451 | | | | | | | $ | 769,907,325 | |
| | | | | | | | | | | | | | | | |
Undistributed net investment income | | | | | | $ | 1,612,985 | | | | | | | $ | 457,879 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 42 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Statements of changes in net assets |
| | | | | | | | | | | | | | | | |
| | | Target 2055 Fund | |
| | | Six months ended August 31, 2012 (unaudited) | | | Year ended February 29, 20121 | |
| | | | |
Operations | | | | | | | | | | | | | | | | |
Net investment income | | | | | | $ | 150,890 | | | | | | | $ | 26,081 | |
Net realized gains (losses) on investments | | | | | | | 196,734 | | | | | | | | (95,617 | ) |
Net change in unrealized gains (losses) on investments | | | | | | | (203,354 | ) | | | | | | | 858,152 | |
| | | | | | | | | | | | | | | | |
Net increase in net assets resulting from operations | | | | | | | 144,270 | | | | | | | | 788,616 | |
| | | | | | | | | | | | | | | | |
| | | | |
Distributions to shareholders from | | | | | | | | | | | | | | | | |
Net investment income | | | | | | | | | | | | | | | | |
Administrator Class | | | | | | | (8,872 | ) | | | | | | | 0 | |
Institutional Class | | | | | | | (105,715 | ) | | | | | | | 0 | |
Investor Class | | | | | | | (4,553 | ) | | | | | | | 0 | |
| | | | | | | | | | | | | | | | |
Total distributions to shareholders | | | | | | | (119,140 | ) | | | | | | | 0 | |
| | | | | | | | | | | | | | | | |
| | | | |
Capital share transactions | | | Shares | | | | | | | | Shares | | | | | |
Proceeds from shares sold | | | | | | | | | | | | | | | | |
Administrator Class | | | 177,257 | | | | 1,746,988 | | | | 194,786 | | | | 1,768,579 | |
Institutional Class | | | 1,645,446 | | | | 16,084,766 | | | | 1,009,100 | | | | 9,505,271 | |
Investor Class | | | 45,230 | | | | 449,792 | | | | 41,455 | | | | 396,905 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 18,281,546 | | | | | | | | 11,670,755 | |
| | | | | | | | | | | | | | | | |
Reinvestment of distributions | | | | | | | | | | | | | | | | |
Administrator Class | | | 952 | | | | 8,872 | | | | 0 | | | | 0 | |
Institutional Class | | | 11,352 | | | | 105,683 | | | | 0 | | | | 0 | |
Investor Class | | | 489 | | | | 4,521 | | | | 0 | | | | 0 | |
| | | | | | | | | | | | | | | | |
| | | | | | | 119,076 | | | | | | | | 0 | |
| | | | | | | | | | | | | | | | |
Payment for shares redeemed | | | | | | | | | | | | | | | | |
Administrator Class | | | (86,318 | ) | | | (847,359 | ) | | | (16,433 | ) | | | (160,556 | ) |
Institutional Class | | | (878,769 | ) | | | (8,620,594 | ) | | | (119,817 | ) | | | (1,132,852 | ) |
Investor Class | | | (24,493 | ) | | | (244,213 | ) | | | (15,954 | ) | | | (152,246 | ) |
| | | | | | | | | | | | | | | | |
| | | | | | | (9,712,166 | ) | | | | | | | (1,445,654 | ) |
| | | | | | | | | | | | | | | | |
Net increase in net assets resulting from capital share transactions | | | | | | | 8,688,456 | | | | | | | | 10,225,101 | |
| | | | | | | | | | | | | | | | |
Total increase in net assets | | | | | | | 8,713,586 | | | | | | | | 11,013,717 | |
| | | | | | | | | | | | | | | | |
| | | | |
Net assets | | | | | | | | | | | | | | | | |
Beginning of period | | | | | | | 11,013,717 | | | | | | | | 0 | |
| | | | | | | | | | | | | | | | |
End of period | | | | | | $ | 19,727,303 | | | | | | | $ | 11,013,717 | |
| | | | | | | | | | | | | | | | |
Undistributed net investment income | | | | | | $ | 58,061 | | | | | | | $ | 26,311 | |
| | | | | | | | | | | | | | | | |
| 1. | For the eight months ended February 29, 2012. The Fund commenced operations on June 30, 2011. |
The accompanying notes are an integral part of these financial statements.
This page is intentionally left blank.
| | | | |
| 44 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Financial highlights |
| | | | | | | | | | | | | | | | | | | | |
| | | Beginning
net asset
value per
share | | | Net
investment
income¹ | | | Net realized
and unrealized
gains (losses)
on investments | | | Distributions
from net
investment
income | | | Distributions
from net
realized gains | |
| | | | | |
Target Today Fund | | | | | | | | | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 10.86 | | | | 0.08 | 4 | | | 0.12 | | | | 0.00 | | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 10.56 | | | | 0.18 | 4 | | | 0.39 | | | | (0.22 | ) | | | (0.05 | ) |
March 1, 2010 to February 28, 2011 | | $ | 10.04 | | | | 0.18 | 4 | | | 0.57 | | | | (0.23 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 8.86 | | | | 0.22 | 4 | | | 1.20 | | | | (0.24 | ) | | | 0.00 | |
March 1, 2008 to February 28, 2009 | | $ | 10.10 | | | | 0.26 | 4 | | | (1.15 | ) | | | (0.29 | ) | | | (0.06 | ) |
March 1, 2007 to February 29, 2008 | | $ | 10.07 | | | | 0.35 | 4 | | | 0.15 | | | | (0.36 | ) | | | (0.11 | ) |
Class B | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 11.22 | | | | 0.04 | 4 | | | 0.12 | | | | 0.00 | | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 10.87 | | | | 0.10 | 4 | | | 0.41 | | | | (0.11 | ) | | | (0.05 | ) |
March 1, 2010 to February 28, 2011 | | $ | 10.31 | | | | 0.11 | 4 | | | 0.58 | | | | (0.13 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 9.08 | | | | 0.16 | 4 | | | 1.22 | | | | (0.15 | ) | | | 0.00 | |
March 1, 2008 to February 28, 2009 | | $ | 10.33 | | | | 0.19 | 4 | | | (1.17 | ) | | | (0.21 | ) | | | (0.06 | ) |
March 1, 2007 to February 29, 2008 | | $ | 10.29 | | | | 0.28 | 4 | | | 0.15 | | | | (0.28 | ) | | | (0.11 | ) |
Class C | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 11.11 | | | | 0.05 | | | | 0.10 | | | | 0.00 | | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 10.78 | | | | 0.10 | 4 | | | 0.41 | | | | (0.13 | ) | | | (0.05 | ) |
March 1, 2010 to February 28, 2011 | | $ | 10.25 | | | | 0.11 | 4 | | | 0.57 | | | | (0.15 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 9.04 | | | | 0.15 | 4 | | | 1.23 | | | | (0.17 | ) | | | 0.00 | |
March 1, 2008 to February 28, 2009 | | $ | 10.30 | | | | 0.19 | 4 | | | (1.18 | ) | | | (0.21 | ) | | | (0.06 | ) |
March 1, 2007 to February 29, 2008 | | $ | 10.26 | | | | 0.28 | 4 | | | 0.15 | | | | (0.28 | ) | | | (0.11 | ) |
Administrator Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 11.07 | | | | 0.09 | | | | 0.11 | | | | 0.00 | | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 10.75 | | | | 0.20 | | | | 0.40 | | | | (0.23 | ) | | | (0.05 | ) |
March 1, 2010 to February 28, 2011 | | $ | 10.19 | | | | 0.20 | 4 | | | 0.58 | | | | (0.22 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 9.03 | | | | 0.25 | 4 | | | 1.21 | | | | (0.30 | ) | | | 0.00 | |
March 1, 2008 to February 28, 2009 | | $ | 10.29 | | | | 0.29 | 4 | | | (1.17 | ) | | | (0.32 | ) | | | (0.06 | ) |
March 1, 2007 to February 29, 2008 | | $ | 10.25 | | | | 0.38 | 4 | | | 0.16 | | | | (0.39 | ) | | | (0.11 | ) |
Institutional Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 11.09 | | | | 0.11 | | | | 0.11 | | | | 0.00 | | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 10.77 | | | | 0.24 | | | | 0.40 | | | | (0.27 | ) | | | (0.05 | ) |
March 1, 2010 to February 28, 2011 | | $ | 10.24 | | | | 0.24 | 4 | | | 0.58 | | | | (0.29 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 9.03 | | | | 0.27 | 4 | | | 1.22 | | | | (0.28 | ) | | | 0.00 | |
March 1, 2008 to February 28, 2009 | | $ | 10.29 | | | | 0.32 | 4 | | | (1.18 | ) | | | (0.34 | ) | | | (0.06 | ) |
March 1, 2007 to February 29, 2008 | | $ | 10.26 | | | | 0.41 | 4 | | | 0.14 | | | | (0.41 | ) | | | (0.11 | ) |
Investor Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 11.05 | | | | 0.09 | | | | 0.12 | | | | 0.00 | | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 10.74 | | | | 0.19 | | | | 0.40 | | | | (0.23 | ) | | | (0.05 | ) |
March 1, 2010 to February 28, 2011 | | $ | 10.21 | | | | 0.20 | 4 | | | 0.58 | | | | (0.25 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 9.01 | | | | 0.24 | 4 | | | 1.22 | | | | (0.26 | ) | | | 0.00 | |
March 1, 2008 to February 28, 2009 | | $ | 10.28 | | | | 0.28 | 4 | | | (1.17 | ) | | | (0.32 | ) | | | (0.06 | ) |
March 1, 2007 to February 29, 2008 | | $ | 10.26 | | | | 0.37 | 4 | | | 0.15 | | | | (0.39 | ) | | | (0.11 | ) |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Financial highlights | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 45 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Ending
net asset
value
per
share | | | Ratio to average net assets (annualized) | | | | | | Portfolio
turnover
rate3 | | | Net assets at
end of period
(000s omitted) | |
| | | Net investment
income¹ | | | Gross
expenses1 | | | Net
expenses1 | | | Total
return2 | | | |
| | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 11.06 | | | | 1.48 | % | | | 1.08 | % | | | 0.96 | % | | | 1.84 | % | | | 18 | % | | $ | 20,770 | |
| | $ | 10.86 | | | | 1.69 | % | | | 1.08 | % | | | 0.96 | % | | | 5.47 | % | | | 46 | % | | $ | 21,822 | |
| | $ | 10.56 | | | | 1.82 | % | | | 1.10 | % | | | 0.97 | % | | | 7.56 | % | | | 51 | % | | $ | 22,862 | |
| | $ | 10.04 | | | | 2.29 | % | | | 1.24 | % | | | 1.13 | % | | | 16.13 | % | | | 91 | % | | $ | 22,145 | |
| | $ | 8.86 | | | | 2.71 | % | | | 1.27 | % | | | 1.15 | % | | | (9.06 | )% | | | 45 | % | | $ | 20,151 | |
| | $ | 10.10 | | | | 3.49 | % | | | 1.25 | % | | | 1.15 | % | | | 5.06 | % | | | 51 | % | | $ | 30,416 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 11.38 | | | | 0.74 | % | | | 1.82 | % | | | 1.71 | % | | | 1.43 | % | | | 18 | % | | $ | 145 | |
| | $ | 11.22 | | | | 0.97 | % | | | 1.82 | % | | | 1.70 | % | | | 4.73 | % | | | 46 | % | | $ | 242 | |
| | $ | 10.87 | | | | 1.08 | % | | | 1.85 | % | | | 1.72 | % | | | 6.78 | % | | | 51 | % | | $ | 865 | |
| | $ | 10.31 | | | | 1.58 | % | | | 2.00 | % | | | 1.89 | % | | | 15.23 | % | | | 91 | % | | $ | 2,155 | |
| | $ | 9.08 | | | | 1.96 | % | | | 2.02 | % | | | 1.90 | % | | | (9.73 | )% | | | 45 | % | | $ | 3,563 | |
| | $ | 10.33 | | | | 2.74 | % | | | 2.00 | % | | | 1.90 | % | | | 4.21 | % | | | 51 | % | | $ | 8,411 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 11.26 | | | | 0.73 | % | | | 1.83 | % | | | 1.71 | % | | | 1.35 | % | | | 18 | % | | $ | 5,031 | |
| | $ | 11.11 | | | | 0.94 | % | | | 1.83 | % | | | 1.71 | % | | | 4.81 | % | | | 46 | % | | $ | 5,100 | |
| | $ | 10.78 | | | | 1.07 | % | | | 1.85 | % | | | 1.72 | % | | | 6.69 | % | | | 51 | % | | $ | 5,605 | |
| | $ | 10.25 | | | | 1.56 | % | | | 1.93 | % | | | 1.82 | % | | | 15.30 | % | | | 91 | % | | $ | 5,498 | |
| | $ | 9.04 | | | | 1.97 | % | | | 2.01 | % | | | 1.90 | % | | | (9.80 | )% | | | 45 | % | | $ | 4,741 | |
| | $ | 10.30 | | | | 2.74 | % | | | 1.99 | % | | | 1.90 | % | | | 4.25 | % | | | 51 | % | | $ | 6,877 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 11.27 | | | | 1.64 | % | | | 0.92 | % | | | 0.80 | % | | | 1.81 | % | | | 18 | % | | $ | 137,251 | |
| | $ | 11.07 | | | | 1.84 | % | | | 0.92 | % | | | 0.80 | % | | | 5.74 | % | | | 46 | % | | $ | 121,886 | |
| | $ | 10.75 | | | | 1.99 | % | | | 0.93 | % | | | 0.80 | % | | | 7.70 | % | | | 51 | % | | $ | 77,216 | |
| | $ | 10.19 | | | | 2.53 | % | | | 1.00 | % | | | 0.82 | % | | | 16.30 | % | | | 91 | % | | $ | 63,796 | |
| | $ | 9.03 | | | | 3.02 | % | | | 1.09 | % | | | 0.85 | % | | | (8.80 | )% | | | 45 | % | | $ | 43,072 | |
| | $ | 10.29 | | | | 3.71 | % | | | 1.08 | % | | | 0.85 | % | | | 5.39 | % | | | 51 | % | | $ | 48,453 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 11.31 | | | | 2.00 | % | | | 0.65 | % | | | 0.45 | % | | | 1.98 | % | | | 18 | % | | $ | 713,697 | |
| | $ | 11.09 | | | | 2.20 | % | | | 0.65 | % | | | 0.45 | % | | | 6.09 | % | | | 46 | % | | $ | 700,645 | |
| | $ | 10.77 | | | | 2.31 | % | | | 0.66 | % | | | 0.45 | % | | | 8.14 | % | | | 51 | % | | $ | 580,536 | |
| | $ | 10.24 | | | | 2.73 | % | | | 0.72 | % | | | 0.53 | % | | | 16.67 | % | | | 91 | % | | $ | 254,513 | |
| | $ | 9.03 | | | | 3.26 | % | | | 0.82 | % | | | 0.62 | % | | | (8.60 | )% | | | 45 | % | | $ | 76,391 | |
| | $ | 10.29 | | | | 3.96 | % | | | 0.81 | % | | | 0.62 | % | | | 5.52 | % | | | 51 | % | | $ | 50,105 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 11.26 | | | | 1.59 | % | | | 1.14 | % | | | 0.86 | % | | | 1.90 | % | | | 18 | % | | $ | 111,963 | |
| | $ | 11.05 | | | | 1.79 | % | | | 1.15 | % | | | 0.86 | % | | | 5.59 | % | | | 46 | % | | $ | 107,779 | |
| | $ | 10.74 | | | | 1.91 | % | | | 1.18 | % | | | 0.86 | % | | | 7.72 | % | | | 51 | % | | $ | 86,784 | |
| | $ | 10.21 | | | | 2.41 | % | | | 1.28 | % | | | 0.89 | % | | | 16.33 | % | | | 91 | % | | $ | 39,395 | |
| | $ | 9.01 | | | | 2.97 | % | | | 1.37 | % | | | 0.91 | % | | | (8.93 | )% | | | 45 | % | | $ | 12,397 | |
| | $ | 10.28 | | | | 3.58 | % | | | 1.40 | % | | | 0.91 | % | | | 5.21 | % | | | 51 | % | | $ | 2,719 | |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | |
| 46 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Financial highlights |
| | | | | | | | | | | | | | | | | | | | |
| | | Beginning
net asset
value per
share | | | Net
investment
income¹ | | | Net realized
and unrealized
gains (losses)
on investments | | | Distributions
from net
investment
income | | | Distributions
from net
realized gains | |
| | | | | |
Target 2010 Fund | | | | | | | | | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 13.26 | | | | 0.10 | 4 | | | 0.12 | | | | (0.10 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 12.86 | | | | 0.21 | 4 | | | 0.43 | | | | (0.24 | ) | | | 0.00 | |
March 1, 2010 to February 28, 2011 | | $ | 12.04 | | | | 0.22 | 4 | | | 0.88 | | | | (0.28 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 10.15 | | | | 0.25 | 4 | | | 1.93 | | | | (0.29 | ) | | | (0.00 | )5 |
March 1, 2008 to February 28, 2009 | | $ | 12.71 | | | | 0.31 | 4 | | | (2.42 | ) | | | (0.35 | ) | | | (0.10 | ) |
March 1, 2007 to February 29, 2008 | | $ | 12.68 | | | | 0.38 | 4 | | | 0.20 | | | | (0.39 | ) | | | (0.16 | ) |
Class B | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 13.37 | | | | 0.05 | | | | 0.11 | | | | (0.04 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 12.93 | | | | 0.12 | 4 | | | 0.44 | | | | (0.12 | ) | | | 0.00 | |
March 1, 2010 to February 28, 2011 | | $ | 12.10 | | | | 0.12 | 4 | | | 0.88 | | | | (0.17 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 10.18 | | | | 0.17 | 4 | | | 1.93 | | | | (0.18 | ) | | | (0.00 | )5 |
March 1, 2008 to February 28, 2009 | | $ | 12.73 | | | | 0.22 | 4 | | | (2.42 | ) | | | (0.25 | ) | | | (0.10 | ) |
March 1, 2007 to February 29, 2008 | | $ | 12.70 | | | | 0.29 | 4 | | | 0.18 | | | | (0.28 | ) | | | (0.16 | ) |
Class C | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 13.44 | | | | 0.05 | | | | 0.12 | | | | (0.05 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 13.03 | | | | 0.12 | 4 | | | 0.43 | | | | (0.14 | ) | | | 0.00 | |
March 1, 2010 to February 28, 2011 | | $ | 12.19 | | | | 0.12 | 4 | | | 0.91 | | | | (0.19 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 10.27 | | | | 0.16 | 4 | | | 1.96 | | | | (0.20 | ) | | | (0.00 | )5 |
March 1, 2008 to February 28, 2009 | | $ | 12.85 | | | | 0.22 | 4 | | | (2.45 | ) | | | (0.25 | ) | | | (0.10 | ) |
March 1, 2007 to February 29, 2008 | | $ | 12.82 | | | | 0.29 | 4 | | | 0.19 | | | | (0.29 | ) | | | (0.16 | ) |
Administrator Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 13.38 | | | | 0.11 | 4 | | | 0.12 | | | | (0.11 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 12.97 | | | | 0.24 | | | | 0.43 | | | | (0.26 | ) | | | 0.00 | |
March 1, 2010 to February 28, 2011 | | $ | 12.14 | | | | 0.24 | | | | 0.89 | | | | (0.30 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 10.24 | | | | 0.27 | 4 | | | 1.95 | | | | (0.32 | ) | | | (0.00 | )5 |
March 1, 2008 to February 28, 2009 | | $ | 12.82 | | | | 0.34 | 4 | | | (2.44 | ) | | | (0.38 | ) | | | (0.10 | ) |
March 1, 2007 to February 29, 2008 | | $ | 12.79 | | | | 0.42 | 4 | | | 0.20 | | | | (0.43 | ) | | | (0.16 | ) |
Institutional Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 13.39 | | | | 0.14 | | | | 0.11 | | | | (0.13 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 12.97 | | | | 0.28 | | | | 0.45 | | | | (0.31 | ) | | | 0.00 | |
March 1, 2010 to February 28, 2011 | | $ | 12.15 | | | | 0.28 | | | | 0.88 | | | | (0.34 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 10.24 | | | | 0.31 | 4 | | | 1.95 | | | | (0.35 | ) | | | (0.00 | )5 |
March 1, 2008 to February 28, 2009 | | $ | 12.81 | | | | 0.37 | 4 | | | (2.43 | ) | | | (0.41 | ) | | | (0.10 | ) |
March 1, 2007 to February 29, 2008 | | $ | 12.78 | | | | 0.44 | 4 | | | 0.21 | | | | (0.46 | ) | | | (0.16 | ) |
Investor Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 13.36 | | | | 0.11 | 4 | | | 0.12 | | | | (0.11 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 12.95 | | | | 0.23 | | | | 0.43 | | | | (0.25 | ) | | | 0.00 | |
March 1, 2010 to February 28, 2011 | | $ | 12.12 | | | | 0.22 | 4 | | | 0.90 | | | | (0.29 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 10.22 | | | | 0.27 | 4 | | | 1.94 | | | | (0.31 | ) | | | (0.00 | )5 |
March 1, 2008 to February 28, 2009 | | $ | 12.80 | | | | 0.33 | 4 | | | (2.43 | ) | | | (0.38 | ) | | | (0.10 | ) |
March 1, 2007 to February 29, 2008 | | $ | 12.78 | | | | 0.40 | 4 | | | 0.21 | | | | (0.43 | ) | | | (0.16 | ) |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Financial highlights | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 47 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Ending
net asset
value
per
share | | | Ratio to average net assets (annualized) | | | | | | Portfolio
turnover
rate3 | | | Net assets at
end of period
(000s omitted) | |
| | | Net investment
income¹ | | | Gross
expenses1 | | | Net
expenses1 | | | Total
return2 | | | |
| | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 13.38 | | | | 1.51 | % | | | 1.08 | % | | | 0.99 | % | | | 1.67 | % | | | 17 | % | | $ | 37,739 | |
| | $ | 13.26 | | | | 1.63 | % | | | 1.08 | % | | | 0.99 | % | | | 5.05 | % | | | 43 | % | | $ | 39,691 | |
| | $ | 12.86 | | | | 1.72 | % | | | 1.10 | % | | | 1.00 | % | | | 9.24 | % | | | 47 | % | | $ | 42,615 | |
| | $ | 12.04 | | | | 2.16 | % | | | 1.16 | % | | | 1.10 | % | | | 21.64 | % | | | 86 | % | | $ | 42,316 | |
| | $ | 10.15 | | | | 2.62 | % | | | 1.25 | % | | | 1.18 | % | | | (16.98 | )% | | | 43 | % | | $ | 39,175 | |
| | $ | 12.71 | | | | 2.99 | % | | | 1.25 | % | | | 1.18 | % | | | 4.67 | % | | | 61 | % | | $ | 60,969 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 13.49 | | | | 0.77 | % | | | 1.83 | % | | | 1.74 | % | | | 1.21 | % | | | 17 | % | | $ | 563 | |
| | $ | 13.37 | | | | 0.90 | % | | | 1.83 | % | | | 1.74 | % | | | 4.35 | % | | | 43 | % | | $ | 748 | |
| | $ | 12.93 | | | | 0.98 | % | | | 1.85 | % | | | 1.75 | % | | | 8.45 | % | | | 47 | % | | $ | 1,542 | |
| | $ | 12.10 | | | | 1.45 | % | | | 1.92 | % | | | 1.86 | % | | | 20.69 | % | | | 86 | % | | $ | 2,716 | |
| | $ | 10.18 | | | | 1.87 | % | | | 2.00 | % | | | 1.93 | % | | | (17.58 | )% | | | 43 | % | | $ | 4,269 | |
| | $ | 12.73 | | | | 2.25 | % | | | 2.00 | % | | | 1.93 | % | | | 3.81 | % | | | 61 | % | | $ | 9,715 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 13.56 | | | | 0.76 | % | | | 1.83 | % | | | 1.74 | % | | | 1.28 | % | | | 17 | % | | $ | 3,265 | |
| | $ | 13.44 | | | | 0.88 | % | | | 1.83 | % | | | 1.74 | % | | | 4.28 | % | | | 43 | % | | $ | 3,323 | |
| | $ | 13.03 | | | | 0.96 | % | | | 1.85 | % | | | 1.75 | % | | | 8.48 | % | | | 47 | % | | $ | 3,114 | |
| | $ | 12.19 | | | | 1.42 | % | | | 1.91 | % | | | 1.85 | % | | | 20.76 | % | | | 86 | % | | $ | 2,580 | |
| | $ | 10.27 | | | | 1.87 | % | | | 2.00 | % | | | 1.93 | % | | | (17.59 | )% | | | 43 | % | | $ | 2,464 | |
| | $ | 12.85 | | | | 2.23 | % | | | 2.00 | % | | | 1.93 | % | | | 3.81 | % | | | 61 | % | | $ | 3,609 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 13.50 | | | | 1.66 | % | | | 0.92 | % | | | 0.83 | % | | | 1.75 | % | | | 17 | % | | $ | 213,587 | |
| | $ | 13.38 | | | | 1.79 | % | | | 0.92 | % | | | 0.83 | % | | | 5.25 | % | | | 43 | % | | $ | 190,863 | |
| | $ | 12.97 | | | | 1.88 | % | | | 0.93 | % | | | 0.83 | % | | | 9.44 | % | | | 47 | % | | $ | 191,943 | |
| | $ | 12.14 | | | | 2.36 | % | | | 0.98 | % | | | 0.86 | % | | | 21.86 | % | | | 86 | % | | $ | 172,322 | |
| | $ | 10.24 | | | | 2.92 | % | | | 1.07 | % | | | 0.88 | % | | | (16.73 | )% | | | 43 | % | | $ | 110,425 | |
| | $ | 12.82 | | | | 3.26 | % | | | 1.07 | % | | | 0.88 | % | | | 4.95 | % | | | 61 | % | | $ | 138,418 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 13.51 | | | | 2.03 | % | | | 0.65 | % | | | 0.48 | % | | | 1.90 | % | | | 17 | % | | $ | 534,531 | |
| | $ | 13.39 | | | | 2.14 | % | | | 0.65 | % | | | 0.48 | % | | | 5.61 | % | | | 43 | % | | $ | 563,343 | |
| | $ | 12.97 | | | | 2.23 | % | | | 0.66 | % | | | 0.48 | % | | | 9.90 | % | | | 47 | % | | $ | 455,447 | |
| | $ | 12.15 | | | | 2.63 | % | | | 0.71 | % | | | 0.59 | % | | | 22.15 | % | | | 86 | % | | $ | 359,320 | |
| | $ | 10.24 | | | | 3.15 | % | | | 0.80 | % | | | 0.65 | % | | | (16.47 | )% | | | 43 | % | | $ | 239,731 | |
| | $ | 12.81 | | | | 3.45 | % | | | 0.81 | % | | | 0.65 | % | | | 5.18 | % | | | 61 | % | | $ | 206,461 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 13.48 | | | | 1.61 | % | | | 1.14 | % | | | 0.89 | % | | | 1.71 | % | | | 17 | % | | $ | 62,263 | |
| | $ | 13.36 | | | | 1.73 | % | | | 1.15 | % | | | 0.89 | % | | | 5.21 | % | | | 43 | % | | $ | 61,766 | |
| | $ | 12.95 | | | | 1.79 | % | | | 1.18 | % | | | 0.89 | % | | | 9.40 | % | | | 47 | % | | $ | 53,646 | |
| | $ | 12.12 | | | | 2.27 | % | | | 1.26 | % | | | 0.92 | % | | | 21.86 | % | | | 86 | % | | $ | 25,103 | |
| | $ | 10.22 | | | | 2.86 | % | | | 1.36 | % | | | 0.94 | % | | | (16.78 | )% | | | 43 | % | | $ | 11,265 | |
| | $ | 12.80 | | | | 3.10 | % | | | 1.39 | % | | | 0.94 | % | | | 4.89 | % | | | 61 | % | | $ | 4,856 | |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | |
| 48 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Financial highlights |
| | | | | | | | | | | | | | | | | | | | |
| | | Beginning
net asset
value per
share | | | Net
investment
income¹ | | | Net realized
and unrealized
gains (losses)
on investments | | | Distributions
from net
investment
income | | | Distributions
from net
realized gains | |
| | | | | |
Target 2015 Fund | | | | | | | | | | | | | | | | | | | | |
Administrator Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 10.10 | | | | 0.08 | | | | 0.06 | | | | (0.09 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 9.92 | | | | 0.17 | | | | 0.29 | | | | (0.17 | ) | | | (0.11 | ) |
March 1, 2010 to February 28, 2011 | | $ | 9.15 | | | | 0.17 | | | | 0.85 | | | | (0.20 | ) | | | (0.05 | ) |
March 1, 2009 to February 28, 2010 | | $ | 7.31 | | | | 0.17 | 4 | | | 1.82 | | | | (0.15 | ) | | | 0.00 | |
March 1, 2008 to February 28, 2009 | | $ | 10.04 | | | | 0.24 | 4 | | | (2.37 | ) | | | (0.30 | ) | | | 0.00 | |
June 29, 20076 to February 29, 2008 | | $ | 10.00 | | | | 0.20 | 4 | | | (0.11 | ) | | | (0.05 | ) | | | 0.00 | |
Institutional Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 9.98 | | | | 0.10 | | | | 0.06 | | | | (0.11 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 9.81 | | | | 0.19 | | | | 0.29 | | | | (0.20 | ) | | | (0.11 | ) |
March 1, 2010 to February 28, 2011 | | $ | 9.05 | | | | 0.19 | | | | 0.85 | | | | (0.23 | ) | | | (0.05 | ) |
March 1, 2009 to February 28, 2010 | | $ | 7.23 | | | | 0.21 | 4 | | | 1.77 | | | | (0.16 | ) | | | 0.00 | |
March 1, 2008 to February 28, 2009 | | $ | 9.92 | | | | 0.25 | 4 | | | (2.33 | ) | | | (0.31 | ) | | | 0.00 | |
June 29, 20076 to February 29, 2008 | | $ | 10.00 | | | | 0.19 | 4 | | | (0.10 | ) | | | (0.17 | ) | | | 0.00 | |
Investor Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 10.11 | | | | 0.08 | | | | 0.06 | | | | (0.09 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 9.93 | | | | 0.16 | | | | 0.29 | | | | (0.16 | ) | | | (0.11 | ) |
March 1, 2010 to February 28, 2011 | | $ | 9.16 | | | | 0.16 | 4 | | | 0.85 | | | | (0.19 | ) | | | (0.05 | ) |
March 1, 2009 to February 28, 2010 | | $ | 7.32 | | | | 0.15 | 4 | | | 1.83 | | | | (0.14 | ) | | | 0.00 | |
March 1, 2008 to February 28, 2009 | | $ | 10.03 | | | | 0.22 | 4 | | | (2.34 | ) | | | (0.29 | ) | | | 0.00 | |
June 29, 20076 to February 29, 2008 | | $ | 10.00 | | | | 0.19 | 4 | | | (0.10 | ) | | | (0.06 | ) | | | 0.00 | |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Financial highlights | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 49 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Distributions from tax basis
return of capital | | | Ending net asset
value
per
share | | | Ratio to average net assets (annualized) | | | | | | Portfolio turnover rate3 | | | Net assets at
end of period
(000s omitted) | |
| | | Net investment
income¹ | | | Gross expenses1 | | | Net expenses1 | | | Total return2 | | | |
| | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | 0.00 | | | $ | 10.15 | | | | 1.64 | % | | | 0.92 | % | | | 0.84 | % | | | 1.41 | % | | | 15 | % | | $ | 92,329 | |
| | 0.00 | | | $ | 10.10 | | | | 1.70 | % | | | 0.92 | % | | | 0.84 | % | | | 4.74 | % | | | 40 | % | | $ | 84,759 | |
| | 0.00 | | | $ | 9.92 | | | | 1.76 | % | | | 0.93 | % | | | 0.84 | % | | | 11.28 | % | | | 44 | % | | $ | 61,227 | |
| | 0.00 | | | $ | 9.15 | | | | 1.89 | % | | | 1.03 | % | | | 0.86 | % | | | 27.28 | % | | | 77 | % | | $ | 42,190 | |
| | (0.30 | ) | | $ | 7.31 | | | | 2.69 | % | | | 1.37 | % | | | 0.89 | % | | | (22.21 | )% | | | 41 | % | | $ | 12,138 | |
| | 0.00 | | | $ | 10.04 | | | | 2.90 | % | | | 3.58 | % | | | 0.56 | % | | | 0.88 | % | | | 54 | % | | $ | 9,354 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | 0.00 | | | $ | 10.03 | | | | 2.01 | % | | | 0.65 | % | | | 0.49 | % | | | 1.59 | % | | | 15 | % | | $ | 573,604 | |
| | 0.00 | | | $ | 9.98 | | | | 2.05 | % | | | 0.65 | % | | | 0.49 | % | | | 5.06 | % | | | 40 | % | | $ | 536,453 | |
| | 0.00 | | | $ | 9.81 | | | | 2.11 | % | | | 0.66 | % | | | 0.49 | % | | | 11.68 | % | | | 44 | % | | $ | 387,146 | |
| | 0.00 | | | $ | 9.05 | | | | 2.43 | % | | | 0.72 | % | | | 0.54 | % | | | 27.56 | % | | | 77 | % | | $ | 235,807 | |
| | (0.30 | ) | | $ | 7.23 | | | | 2.91 | % | | | 1.06 | % | | | 0.66 | % | | | (22.00 | )% | | | 41 | % | | $ | 22,002 | |
| | 0.00 | | | $ | 9.92 | | | | 2.91 | % | | | 3.71 | % | | | 0.53 | % | | | 0.92 | % | | | 54 | % | | $ | 10,088 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | 0.00 | | | $ | 10.16 | | | | 1.59 | % | | | 1.15 | % | | | 0.90 | % | | | 1.38 | % | | | 15 | % | | $ | 190,655 | |
| | 0.00 | | | $ | 10.11 | | | | 1.65 | % | | | 1.15 | % | | | 0.90 | % | | | 4.67 | % | | | 40 | % | | $ | 165,774 | |
| | 0.00 | | | $ | 9.93 | | | | 1.69 | % | | | 1.18 | % | | | 0.90 | % | | | 11.22 | % | | | 44 | % | | $ | 142,622 | |
| | 0.00 | | | $ | 9.16 | | | | 1.75 | % | | | 1.31 | % | | | 0.93 | % | | | 27.19 | % | | | 77 | % | | $ | 43,004 | |
| | (0.30 | ) | | $ | 7.32 | | | | 2.62 | % | | | 1.60 | % | | | 0.95 | % | | | (22.15 | )% | | | 41 | % | | $ | 8,959 | |
| | 0.00 | | | $ | 10.03 | | | | 2.85 | % | | | 3.79 | % | | | 0.60 | % | | | 0.85 | % | | | 54 | % | | $ | 2,249 | |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | |
| 50 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Financial highlights |
| | | | | | | | | | | | | | | | | | | | |
| | | Beginning
net asset
value per
share | | | Net investment
income¹ | | | Net realized and unrealized
gains (losses) on investments | | | Distributions from net investment income | | | Distributions
from net
realized gains | |
| | | | | |
Target 2020 Fund | | | | | | | | | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 14.25 | | | | 0.11 | | | | 0.01 | | | | (0.10 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 13.97 | | | | 0.21 | | | | 0.33 | | | | (0.22 | ) | | | (0.04 | ) |
March 1, 2010 to February 28, 2011 | | $ | 12.54 | | | | 0.20 | | | | 1.46 | | | | (0.23 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 9.58 | | | | 0.21 | 4 | | | 2.97 | | | | (0.22 | ) | | | (0.00 | )5 |
March 1, 2008 to February 28, 2009 | | $ | 13.78 | | | | 0.26 | 4 | | | (4.04 | ) | | | (0.27 | ) | | | (0.15 | ) |
March 1, 2007 to February 29, 2008 | | $ | 14.22 | | | | 0.33 | 4 | | | (0.08 | ) | | | (0.32 | ) | | | (0.37 | ) |
Class B | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 14.16 | | | | 0.05 | 4 | | | 0.02 | | | | (0.03 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 13.85 | | | | 0.10 | 4 | | | 0.33 | | | | (0.08 | ) | | | (0.04 | ) |
March 1, 2010 to February 28, 2011 | | $ | 12.41 | | | | 0.09 | 4 | | | 1.46 | | | | (0.11 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 9.50 | | | | 0.12 | 4 | | | 2.95 | | | | (0.16 | ) | | | (0.00 | )5 |
March 1, 2008 to February 28, 2009 | | $ | 13.66 | | | | 0.17 | 4 | | | (4.01 | ) | | | (0.17 | ) | | | (0.15 | ) |
March 1, 2007 to February 29, 2008 | | $ | 14.09 | | | | 0.20 | 4 | | | (0.06 | ) | | | (0.20 | ) | | | (0.37 | ) |
Class C | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 14.20 | | | | 0.06 | | | | 0.01 | | | | (0.05 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 13.93 | | | | 0.08 | | | | 0.35 | | | | (0.12 | ) | | | (0.04 | ) |
March 1, 2010 to February 28, 2011 | | $ | 12.51 | | | | 0.08 | | | | 1.48 | | | | (0.14 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 9.58 | | | | 0.12 | 4 | | | 2.98 | | | | (0.17 | ) | | | (0.00 | )5 |
March 1, 2008 to February 28, 2009 | | $ | 13.78 | | | | 0.17 | 4 | | | (4.05 | ) | | | (0.17 | ) | | | (0.15 | ) |
March 1, 2007 to February 29, 2008 | | $ | 14.21 | | | | 0.21 | 4 | | | (0.06 | ) | | | (0.21 | ) | | | (0.37 | ) |
Administrator Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 14.44 | | | | 0.12 | 4 | | | 0.01 | | | | (0.11 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 14.15 | | | | 0.23 | | | | 0.35 | | | | (0.25 | ) | | | (0.04 | ) |
March 1, 2010 to February 28, 2011 | | $ | 12.70 | | | | 0.21 | | | | 1.50 | | | | (0.26 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 9.71 | | | | 0.23 | 4 | | | 3.01 | | | | (0.25 | ) | | | (0.00 | )5 |
March 1, 2008 to February 28, 2009 | | $ | 13.96 | | | | 0.30 | 4 | | | (4.09 | ) | | | (0.31 | ) | | | (0.15 | ) |
March 1, 2007 to February 29, 2008 | | $ | 14.39 | | | | 0.36 | 4 | | | (0.06 | ) | | | (0.36 | ) | | | (0.37 | ) |
Institutional Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 14.47 | | | | 0.15 | | | | 0.01 | | | | (0.13 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 14.19 | | | | 0.27 | 4 | | | 0.35 | | | | (0.30 | ) | | | (0.04 | ) |
March 1, 2010 to February 28, 2011 | | $ | 12.73 | | | | 0.26 | | | | 1.50 | | | | (0.30 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 9.73 | | | | 0.27 | 4 | | | 3.01 | | | | (0.28 | ) | | | (0.00 | )5 |
March 1, 2008 to February 28, 2009 | | $ | 13.98 | | | | 0.32 | 4 | | | (4.08 | ) | | | (0.34 | ) | | | (0.15 | ) |
March 1, 2007 to February 29, 2008 | | $ | 14.41 | | | | 0.39 | 4 | | | (0.06 | ) | | | (0.39 | ) | | | (0.37 | ) |
Investor Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 14.43 | | | | 0.11 | | | | 0.02 | | | | (0.11 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 14.14 | | | | 0.22 | | | | 0.35 | | | | (0.24 | ) | | | (0.04 | ) |
March 1, 2010 to February 28, 2011 | | $ | 12.70 | | | | 0.20 | 4 | | | 1.49 | | | | (0.25 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 9.71 | | | | 0.22 | 4 | | | 3.02 | | | | (0.25 | ) | | | (0.00 | )5 |
March 1, 2008 to February 28, 2009 | | $ | 13.96 | | | | 0.29 | 4 | | | (4.08 | ) | | | (0.31 | ) | | | (0.15 | ) |
March 1, 2007 to February 29, 2008 | | $ | 14.40 | | | | 0.33 | 4 | | | (0.03 | ) | | | (0.37 | ) | | | (0.37 | ) |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Financial highlights | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 51 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Ending
net asset
value
per
share | | | Ratio to average net assets (annualized) | | | | | | Portfolio turnover rate3 | | | Net assets at
end of period
(000s omitted) | |
| | | Net investment
income¹ | | | Gross expenses1 | | | Net expenses1 | | | Total return2 | | | |
| | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 14.27 | | | | 1.47 | % | | | 1.06 | % | | | 1.01 | % | | | 0.86 | % | | | 14 | % | | $ | 73,155 | |
| | $ | 14.25 | | | | 1.45 | % | | | 1.05 | % | | | 1.01 | % | | | 3.97 | % | | | 35 | % | | $ | 74,955 | |
| | $ | 13.97 | | | | 1.46 | % | | | 1.08 | % | | | 1.02 | % | | | 13.41 | % | | | 39 | % | | $ | 77,784 | |
| | $ | 12.54 | | | | 1.77 | % | | | 1.15 | % | | | 1.11 | % | | | 33.45 | % | | | 66 | % | | $ | 72,653 | |
| | $ | 9.58 | | | | 2.10 | % | | | 1.25 | % | | | 1.20 | % | | | (27.90 | )% | | | 38 | % | | $ | 59,671 | |
| | $ | 13.78 | | | | 2.17 | % | | | 1.27 | % | | | 1.20 | % | | | 1.60 | % | | | 48 | % | | $ | 124,555 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 14.20 | | | | 0.73 | % | | | 1.81 | % | | | 1.76 | % | | | 0.51 | % | | | 14 | % | | $ | 727 | |
| | $ | 14.16 | | | | 0.78 | % | | | 1.80 | % | | | 1.76 | % | | | 3.11 | % | | | 35 | % | | $ | 1,048 | |
| | $ | 13.85 | | | | 0.73 | % | | | 1.83 | % | | | 1.77 | % | | | 12.57 | % | | | 39 | % | | $ | 2,428 | |
| | $ | 12.41 | | | | 1.04 | % | | | 1.90 | % | | | 1.86 | % | | | 32.44 | % | | | 66 | % | | $ | 5,030 | |
| | $ | 9.50 | | | | 1.36 | % | | | 2.00 | % | | | 1.95 | % | | | (28.43 | )% | | | 38 | % | | $ | 5,495 | |
| | $ | 13.66 | | | | 1.43 | % | | | 2.02 | % | | | 1.95 | % | | | 0.87 | % | | | 48 | % | | $ | 11,516 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 14.22 | | | | 0.72 | % | | | 1.81 | % | | | 1.76 | % | | | 0.49 | % | | | 14 | % | | $ | 4,205 | |
| | $ | 14.20 | | | | 0.68 | % | | | 1.81 | % | | | 1.76 | % | | | 3.14 | % | | | 35 | % | | $ | 4,600 | |
| | $ | 13.93 | | | | 0.70 | % | | | 1.83 | % | | | 1.77 | % | | | 12.65 | % | | | 39 | % | | $ | 3,922 | |
| | $ | 12.51 | | | | 1.00 | % | | | 1.90 | % | | | 1.86 | % | | | 32.35 | % | | | 66 | % | | $ | 2,752 | |
| | $ | 9.58 | | | | 1.36 | % | | | 2.00 | % | | | 1.95 | % | | | (28.46 | )% | | | 38 | % | | $ | 1,840 | |
| | $ | 13.78 | | | | 1.42 | % | | | 2.02 | % | | | 1.95 | % | | | 0.90 | % | | | 48 | % | | $ | 3,318 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 14.46 | | | | 1.62 | % | | | 0.90 | % | | | 0.85 | % | | | 0.93 | % | | | 14 | % | | $ | 490,461 | |
| | $ | 14.44 | | | | 1.63 | % | | | 0.90 | % | | | 0.85 | % | | | 4.17 | % | | | 35 | % | | $ | 468,494 | |
| | $ | 14.15 | | | | 1.62 | % | | | 0.91 | % | | | 0.85 | % | | | 13.60 | % | | | 39 | % | | $ | 439,314 | |
| | $ | 12.70 | | | | 1.96 | % | | | 0.97 | % | | | 0.88 | % | | | 33.64 | % | | | 66 | % | | $ | 342,078 | |
| | $ | 9.71 | | | | 2.42 | % | | | 1.07 | % | | | 0.90 | % | | | (27.66 | )% | | | 38 | % | | $ | 196,606 | |
| | $ | 13.96 | | | | 2.44 | % | | | 1.09 | % | | | 0.90 | % | | | 1.96 | % | | | 48 | % | | $ | 234,169 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 14.50 | | | | 1.98 | % | | | 0.63 | % | | | 0.50 | % | | | 1.15 | % | | | 14 | % | | $ | 1,608,809 | |
| | $ | 14.47 | | | | 1.95 | % | | | 0.63 | % | | | 0.50 | % | | | 4.47 | % | | | 35 | % | | $ | 1,540,045 | |
| | $ | 14.19 | | | | 1.96 | % | | | 0.64 | % | | | 0.50 | % | | | 14.03 | % | | | 39 | % | | $ | 1,250,249 | |
| | $ | 12.73 | | | | 2.22 | % | | | 0.69 | % | | | 0.60 | % | | | 33.98 | % | | | 66 | % | | $ | 822,479 | |
| | $ | 9.73 | | | | 2.63 | % | | | 0.81 | % | | | 0.67 | % | | | (27.46 | )% | | | 38 | % | | $ | 414,090 | |
| | $ | 13.98 | | | | 2.63 | % | | | 0.82 | % | | | 0.67 | % | | | 2.18 | % | | | 48 | % | | $ | 367,360 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 14.45 | | | | 1.57 | % | | | 1.12 | % | | | 0.91 | % | | | 0.90 | % | | | 14 | % | | $ | 157,654 | |
| | $ | 14.43 | | | | 1.54 | % | | | 1.13 | % | | | 0.91 | % | | | 4.12 | % | | | 35 | % | | $ | 144,478 | |
| | $ | 14.14 | | | | 1.53 | % | | | 1.15 | % | | | 0.91 | % | | | 13.56 | % | | | 39 | % | | $ | 119,297 | |
| | $ | 12.70 | | | | 1.84 | % | | | 1.24 | % | | | 0.94 | % | | | 33.51 | % | | | 66 | % | | $ | 53,535 | |
| | $ | 9.71 | | | | 2.34 | % | | | 1.36 | % | | | 0.96 | % | | | (27.70 | )% | | | 38 | % | | $ | 15,254 | |
| | $ | 13.96 | | | | 2.27 | % | | | 1.41 | % | | | 0.96 | % | | | 1.91 | % | | | 48 | % | | $ | 12,140 | |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | |
| 52 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Financial highlights |
| | | | | | | | | | | | | | | | |
| | | Beginning
net asset
value per
share | | | Net
investment
income (loss)1 | | | Net realized
and unrealized
gains (losses)
on investments | | | Distributions
from net
investment
income | |
| | | | |
Target 2025 Fund | | | | | | | | | | | | | | | | |
Administrator Class | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 9.74 | | | | 0.08 | | | | (0.04 | ) | | | (0.07 | ) |
March 1, 2011 to February 29, 2012 | | $ | 9.81 | | | | 0.14 | 4 | | | 0.17 | | | | (0.15 | ) |
March 1, 2010 to February 28, 2011 | | $ | 8.69 | | | | 0.13 | 4 | | | 1.26 | | | | (0.15 | ) |
March 1, 2009 to February 28, 2010 | | $ | 6.25 | | | | (0.04 | )4 | | | 2.61 | | | | (0.13 | ) |
March 1, 2008 to February 28, 2009 | | $ | 9.53 | | | | 0.20 | 4 | | | (3.29 | ) | | | (0.19 | ) |
June 29, 20076 to February 29, 2008 | | $ | 10.00 | | | | 0.14 | 4 | | | (0.57 | ) | | | (0.04 | ) |
Institutional Class | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 9.71 | | | | 0.10 | | | | (0.05 | ) | | | (0.08 | ) |
March 1, 2011 to February 29, 2012 | | $ | 9.79 | | | | 0.17 | 4 | | | 0.16 | | | | (0.18 | ) |
March 1, 2010 to February 28, 2011 | | $ | 8.68 | | | | 0.16 | | | | 1.26 | | | | (0.19 | ) |
March 1, 2009 to February 28, 2010 | | $ | 6.24 | | | | 0.18 | 4 | | | 2.39 | | | | (0.13 | ) |
March 1, 2008 to February 28, 2009 | | $ | 9.49 | | | | 0.20 | 4 | | | (3.26 | ) | | | (0.19 | ) |
June 29, 20076 to February 29, 2008 | | $ | 10.00 | | | | 0.14 | 4 | | | (0.55 | ) | | | (0.10 | ) |
Investor Class | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 9.72 | | | | 0.08 | | | | (0.04 | ) | | | (0.07 | ) |
March 1, 2011 to February 29, 2012 | | $ | 9.80 | | | | 0.14 | 4 | | | 0.15 | | | | (0.14 | ) |
March 1, 2010 to February 28, 2011 | | $ | 8.68 | | | | 0.13 | 4 | | | 1.25 | | | | (0.14 | ) |
March 1, 2009 to February 28, 2010 | | $ | 6.25 | | | | (0.08 | )4 | | | 2.64 | | | | (0.13 | ) |
March 1, 2008 to February 28, 2009 | | $ | 9.51 | | | | 0.18 | 4 | | | (3.26 | ) | | | (0.18 | ) |
June 29, 20076 to February 29, 2008 | | $ | 10.00 | | | | 0.14 | 4 | | | (0.57 | ) | | | (0.06 | ) |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Financial highlights | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 53 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Distributions
from net
realized
gains | | Ending net asset
value
per share | | | Ratio to average net assets (annualized) | | | | | | Portfolio
turnover
rate3 | | | Net assets at
end of period
(000s omitted) | |
| | | Net investment
income (loss)1 | | | Gross
expenses1 | | | Net
expenses1 | | | Total
return2 | | | |
| | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 0.00 | | $ | 9.71 | | | | 1.60 | % | | | 0.90 | % | | | 0.85 | % | | | 0.44 | % | | | 12 | % | | $ | 127,762 | |
| (0.23) | | $ | 9.74 | | | | 1.47 | % | | | 0.91 | % | | | 0.85 | % | | | 3.49 | % | | | 31 | % | | $ | 111,673 | |
| (0.12) | | $ | 9.81 | | | | 1.46 | % | | | 0.91 | % | | | 0.85 | % | | | 16.32 | % | | | 33 | % | | $ | 69,590 | |
| 0.00 | | $ | 8.69 | | | | (0.51 | )% | | | 1.01 | % | | | 0.89 | % | | | 41.33 | % | | | 54 | % | | $ | 39,111 | |
| 0.00 | | $ | 6.25 | | | | 2.42 | % | | | 1.35 | % | | | 0.63 | % | | | (32.95 | )% | | | 35 | % | | $ | 9,410 | |
| 0.00 | | $ | 9.53 | | | | 2.13 | % | | | 3.68 | % | | | 0.51 | % | | | (4.30 | )% | | | 42 | % | | $ | 7,206 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 0.00 | | $ | 9.68 | | | | 1.96 | % | | | 0.63 | % | | | 0.50 | % | | | 0.60 | % | | | 12 | % | | $ | 1,471,696 | |
| (0.23) | | $ | 9.71 | | | | 1.83 | % | | | 0.64 | % | | | 0.50 | % | | | 3.77 | % | | | 31 | % | | $ | 1,431,120 | |
| (0.12) | | $ | 9.79 | | | | 1.83 | % | | | 0.64 | % | | | 0.50 | % | | | 16.75 | % | | | 33 | % | | $ | 1,290,513 | |
| 0.00 | | $ | 8.68 | | | | 2.07 | % | | | 0.66 | % | | | 0.53 | % | | | 41.46 | % | | | 54 | % | | $ | 1,057,514 | |
| 0.00 | | $ | 6.24 | | | | 2.50 | % | | | 1.07 | % | | | 0.53 | % | | | (32.81 | )% | | | 35 | % | | $ | 26,335 | |
| 0.00 | | $ | 9.49 | | | | 2.09 | % | | | 3.41 | % | | | 0.47 | % | | | (4.16 | )% | | | 42 | % | | $ | 17,248 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 0.00 | | $ | 9.69 | | | | 1.55 | % | | | 1.13 | % | | | 0.91 | % | | | 0.41 | % | | | 12 | % | | $ | 336,582 | |
| (0.23) | | $ | 9.72 | | | | 1.42 | % | | | 1.14 | % | | | 0.91 | % | | | 3.32 | % | | | 31 | % | | $ | 300,434 | |
| (0.12) | | $ | 9.80 | | | | 1.39 | % | | | 1.15 | % | | | 0.91 | % | | | 16.22 | % | | | 33 | % | | $ | 256,544 | |
| 0.00 | | $ | 8.68 | | | | (0.93 | )% | | | 1.29 | % | | | 0.95 | % | | | 41.19 | % | | | 54 | % | | $ | 70,228 | |
| 0.00 | | $ | 6.25 | | | | 2.32 | % | | | 1.60 | % | | | 0.70 | % | | | (32.90 | )% | | | 35 | % | | $ | 9,564 | |
| 0.00 | | $ | 9.51 | | | | 2.19 | % | | | 4.33 | % | | | 0.52 | % | | | (4.29 | )% | | | 42 | % | | $ | 2,432 | |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | |
| 54 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Financial highlights |
| | | | | | | | | | | | | | | | | | | | |
| | |
Beginning
net asset
value per
share | | | Net
investment
income¹ | | | Net realized
and unrealized
gains (losses)
on investments | | | Distributions
from net
investment
income | | | Distributions
from net
realized gains | |
| | | | | |
Target 2030 Fund | | | | | | | | | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 14.74 | | | | 0.10 | 4 | | | (0.12 | ) | | | (0.09 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 14.81 | | | | 0.17 | 4 | | | 0.13 | | | | (0.18 | ) | | | (0.19 | ) |
March 1, 2010 to February 28, 2011 | | $ | 12.65 | | | | 0.15 | 4 | | | 2.19 | | | | (0.18 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 8.65 | | | | 0.15 | 4 | | | 4.00 | | | | (0.15 | ) | | | (0.00 | ) 5 |
March 1, 2008 to February 28, 2009 | | $ | 14.36 | | | | 0.21 | 4 | | | (5.55 | ) | | | (0.20 | ) | | | (0.17 | ) |
March 1, 2007 to February 29, 2008 | | $ | 15.16 | | | | 0.24 | 4 | | | (0.32 | ) | | | (0.23 | ) | | | (0.49 | ) |
Class B | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 14.49 | | | | 0.05 | 4 | | | (0.11 | ) | | | (0.03 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 14.53 | | | | 0.07 | 4 | | | 0.12 | | | | (0.04 | ) | | | (0.19 | ) |
March 1, 2010 to February 28, 2011 | | $ | 12.41 | | | | 0.06 | 4 | | | 2.14 | | | | (0.08 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 8.49 | | | | 0.07 | 4 | | | 3.91 | | | | (0.06 | ) | | | (0.00 | ) 5 |
March 1, 2008 to February 28, 2009 | | $ | 14.09 | | | | 0.11 | 4 | | | (5.44 | ) | | | (0.10 | ) | | | (0.17 | ) |
March 1, 2007 to February 29, 2008 | | $ | 14.88 | | | | 0.12 | 4 | | | (0.31 | ) | | | (0.11 | ) | | | (0.49 | ) |
Class C | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 14.45 | | | | 0.05 | | | | (0.12 | ) | | | (0.05 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 14.53 | | | | 0.06 | 4 | | | 0.14 | | | | (0.09 | ) | | | (0.19 | ) |
March 1, 2010 to February 28, 2011 | | $ | 12.43 | | | | 0.05 | 4 | | | 2.14 | | | | (0.09 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 8.50 | | | | 0.06 | 4 | | | 3.93 | | | | (0.06 | ) | | | (0.00 | ) 5 |
March 1, 2008 to February 28, 2009 | | $ | 14.11 | | | | 0.11 | 4 | | | (5.45 | ) | | | (0.10 | ) | | | (0.17 | ) |
March 1, 2007 to February 29, 2008 | | $ | 14.91 | | | | 0.12 | 4 | | | (0.32 | ) | | | (0.11 | ) | | | (0.49 | ) |
Administrator Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 14.91 | | | | 0.11 | | | | (0.12 | ) | | | (0.10 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 14.98 | | | | 0.20 | 4 | | | 0.13 | | | | (0.21 | ) | | | (0.19 | ) |
March 1, 2010 to February 28, 2011 | | $ | 12.79 | | | | 0.18 | 4 | | | 2.21 | | | | (0.20 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 8.74 | | | | 0.17 | 4 | | | 4.06 | | | | (0.18 | ) | | | (0.00 | ) 5 |
March 1, 2008 to February 28, 2009 | | $ | 14.50 | | | | 0.24 | 4 | | | (5.59 | ) | | | (0.24 | ) | | | (0.17 | ) |
March 1, 2007 to February 29, 2008 | | $ | 15.31 | | | | 0.28 | 4 | | | (0.32 | ) | | | (0.28 | ) | | | (0.49 | ) |
Institutional Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 14.91 | | | | 0.15 | 4 | | | (0.13 | ) | | | (0.13 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 14.98 | | | | 0.25 | 4 | | | 0.12 | | | | (0.25 | ) | | | (0.19 | ) |
March 1, 2010 to February 28, 2011 | | $ | 12.79 | | | | 0.23 | 4 | | | 2.21 | | | | (0.25 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 8.75 | | | | 0.21 | 4 | | | 4.03 | | | | (0.20 | ) | | | (0.00 | ) 5 |
March 1, 2008 to February 28, 2009 | | $ | 14.51 | | | | 0.26 | 4 | | | (5.58 | ) | | | (0.27 | ) | | | (0.17 | ) |
March 1, 2007 to February 29, 2008 | | $ | 15.31 | | | | 0.31 | 4 | | | (0.31 | ) | | | (0.31 | ) | | | (0.49 | ) |
Investor Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 14.88 | | | | 0.11 | | | | (0.12 | ) | | | (0.10 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 14.95 | | | | 0.19 | 4 | | | 0.13 | | | | (0.20 | ) | | | (0.19 | ) |
March 1, 2010 to February 28, 2011 | | $ | 12.77 | | | | 0.17 | 4 | | | 2.21 | | | | (0.20 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 8.74 | | | | 0.16 | 4 | | | 4.04 | | | | (0.17 | ) | | | (0.00 | ) 5 |
March 1, 2008 to February 28, 2009 | | $ | 14.50 | | | | 0.22 | 4 | | | (5.58 | ) | | | (0.23 | ) | | | (0.17 | ) |
March 1, 2007 to February 29, 2008 | | $ | 15.31 | | | | 0.25 | 4 | | | (0.29 | ) | | | (0.28 | ) | | | (0.49 | ) |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Financial highlights | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 55 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Ending
net asset
value per share | | | Ratio to average net assets (annualized) | | | | | | Portfolio
turnover
rate3 | | | Net assets at
end of period
(000s omitted) | |
| | | Net investment
income¹ | | | Gross
expenses1 | | | Net
expenses1 | | | Total
return2 | | | |
| | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 14.63 | | | | 1.43 | % | | | 1.06 | % | | | 1.02 | % | | | (0.09 | )% | | | 10 | % | | $ | 57,119 | |
| | $ | 14.74 | | | | 1.21 | % | | | 1.06 | % | | | 1.02 | % | | | 2.27 | % | | | 26 | % | | $ | 60,087 | |
| | $ | 14.81 | | | | 1.15 | % | | | 1.09 | % | | | 1.03 | % | | | 18.71 | % | | | 28 | % | | $ | 62,209 | |
| | $ | 12.65 | | | | 1.32 | % | | | 1.16 | % | | | 1.12 | % | | | 48.17 | % | | | 43 | % | | $ | 55,735 | |
| | $ | 8.65 | | | | 1.64 | % | | | 1.28 | % | | | 1.21 | % | | | (37.78 | )% | | | 33 | % | | $ | 45,556 | |
| | $ | 14.36 | | | | 1.53 | % | | | 1.29 | % | | | 1.21 | % | | | (0.77 | )% | | | 36 | % | | $ | 95,985 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 14.40 | | | | 0.70 | % | | | 1.82 | % | | | 1.77 | % | | | (0.44 | )% | | | 10 | % | | $ | 610 | |
| | $ | 14.49 | | | | 0.50 | % | | | 1.81 | % | | | 1.77 | % | | | 1.43 | % | | | 26 | % | | $ | 872 | |
| | $ | 14.53 | | | | 0.42 | % | | | 1.84 | % | | | 1.78 | % | | | 17.88 | % | | | 28 | % | | $ | 1,962 | |
| | $ | 12.41 | | | | 0.60 | % | | | 1.92 | % | | | 1.88 | % | | | 46.98 | % | | | 43 | % | | $ | 3,173 | |
| | $ | 8.49 | | | | 0.90 | % | | | 2.03 | % | | | 1.96 | % | | | (38.22 | )% | | | 33 | % | | $ | 3,233 | |
| | $ | 14.09 | | | | 0.79 | % | | | 2.04 | % | | | 1.96 | % | | | (1.50 | )% | | | 36 | % | | $ | 7,358 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 14.33 | | | | 0.68 | % | | | 1.82 | % | | | 1.77 | % | | | (0.47 | )% | | | 10 | % | | $ | 3,290 | |
| | $ | 14.45 | | | | 0.45 | % | | | 1.82 | % | | | 1.77 | % | | | 1.47 | % | | | 26 | % | | $ | 3,120 | |
| | $ | 14.53 | | | | 0.38 | % | | | 1.84 | % | | | 1.78 | % | | | 17.80 | % | | | 28 | % | | $ | 2,456 | |
| | $ | 12.43 | | | | 0.58 | % | | | 1.91 | % | | | 1.87 | % | | | 47.11 | % | | | 43 | % | | $ | 1,671 | |
| | $ | 8.50 | | | | 0.89 | % | | | 2.02 | % | | | 1.96 | % | | | (38.22 | )% | | | 33 | % | | $ | 1,261 | |
| | $ | 14.11 | | | | 0.77 | % | | | 2.04 | % | | | 1.96 | % | | | (1.53 | )% | | | 36 | % | | $ | 2,385 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 14.80 | | | | 1.59 | % | | | 0.91 | % | | | 0.86 | % | | | 0.00 | % | | | 10 | % | | $ | 417,133 | |
| | $ | 14.91 | | | | 1.37 | % | | | 0.91 | % | | | 0.86 | % | | | 2.41 | % | | | 26 | % | | $ | 395,067 | |
| | $ | 14.98 | | | | 1.30 | % | | | 0.92 | % | | | 0.86 | % | | | 18.85 | % | | | 28 | % | | $ | 373,853 | |
| | $ | 12.79 | | | | 1.49 | % | | | 0.98 | % | | | 0.89 | % | | | 48.60 | % | | | 43 | % | | $ | 254,340 | |
| | $ | 8.74 | | | | 1.93 | % | | | 1.10 | % | | | 0.91 | % | | | (37.56 | )% | | | 33 | % | | $ | 117,363 | |
| | $ | 14.50 | | | | 1.79 | % | | | 1.11 | % | | | 0.91 | % | | | (0.53 | )% | | | 36 | % | | $ | 162,897 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 14.80 | | | | 1.95 | % | | | 0.64 | % | | | 0.51 | % | | | 0.16 | % | | | 10 | % | | $ | 1,403,059 | |
| | $ | 14.91 | | | | 1.71 | % | | | 0.64 | % | | | 0.51 | % | | | 2.78 | % | | | 26 | % | | $ | 1,335,729 | |
| | $ | 14.98 | | | | 1.65 | % | | | 0.65 | % | | | 0.51 | % | | | 19.35 | % | | | 28 | % | | $ | 1,048,222 | |
| | $ | 12.79 | | | | 1.74 | % | | | 0.71 | % | | | 0.61 | % | | | 48.76 | % | | | 43 | % | | $ | 639,598 | |
| | $ | 8.75 | | | | 2.15 | % | | | 0.83 | % | | | 0.68 | % | | | (37.38 | )% | | | 33 | % | | $ | 265,829 | |
| | $ | 14.51 | | | | 1.97 | % | | | 0.85 | % | | | 0.68 | % | | | (0.24 | )% | | | 36 | % | | $ | 263,663 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 14.77 | | | | 1.53 | % | | | 1.13 | % | | | 0.92 | % | | | (0.03 | )% | | | 10 | % | | $ | 138,570 | |
| | $ | 14.88 | | | | 1.30 | % | | | 1.14 | % | | | 0.92 | % | | | 2.36 | % | | | 26 | % | | $ | 124,145 | |
| | $ | 14.95 | | | | 1.21 | % | | | 1.17 | % | | | 0.92 | % | | | 18.84 | % | | | 28 | % | | $ | 99,234 | |
| | $ | 12.77 | | | | 1.36 | % | | | 1.25 | % | | | 0.94 | % | | | 48.33 | % | | | 43 | % | | $ | 46,963 | |
| | $ | 8.74 | | | | 1.84 | % | | | 1.39 | % | | | 0.97 | % | | | (37.58 | )% | | | 33 | % | | $ | 13,400 | |
| | $ | 14.50 | | | | 1.62 | % | | | 1.43 | % | | | 0.97 | % | | | (0.52 | )% | | | 36 | % | | $ | 9,799 | |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | |
| 56 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Financial highlights |
| | | | | | | | | | | | | | | | |
| | |
Beginning
net asset
value per
share | | | Net
investment
income1 | | | Net realized
and unrealized
gains (losses)
on investments | | | Distributions
from net
investment
income | |
| | | | |
Target 2035 Fund | | | | | | | | | | | | | | | | |
Administrator Class | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 9.53 | | | | 0.07 | | | | (0.11 | ) | | | (0.06 | ) |
March 1, 2011 to February 29, 2012 | | $ | 9.65 | | | | 0.12 | 4 | | | 0.01 | | | | (0.11 | ) |
March 1, 2010 to February 28, 2011 | | $ | 8.22 | | | | 0.10 | | | | 1.59 | | | | (0.13 | ) |
March 1, 2009 to February 28, 2010 | | $ | 5.40 | | | | 0.09 | 4 | | | 2.81 | | | | (0.08 | ) |
March 1, 2008 to February 28, 2009 | | $ | 9.24 | | | | 0.14 | 4 | | | (3.84 | ) | | | (0.14 | ) |
June 29, 20076 to February 29, 2008 | | $ | 10.00 | | | | 0.10 | 4 | | | (0.85 | ) | | | (0.01 | ) |
Institutional Class | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 9.50 | | | | 0.09 | | | | (0.11 | ) | | | (0.08 | ) |
March 1, 2011 to February 29, 2012 | | $ | 9.61 | | | | 0.15 | 4 | | | 0.02 | | | | (0.14 | ) |
March 1, 2010 to February 28, 2011 | | $ | 8.19 | | | | 0.13 | | | | 1.58 | | | | (0.16 | ) |
March 1, 2009 to February 28, 2010 | | $ | 5.36 | | | | 0.11 | 4 | | | 2.82 | | | | (0.10 | ) |
March 1, 2008 to February 28, 2009 | | $ | 9.15 | | | | 0.14 | 4 | | | (3.80 | ) | | | (0.13 | ) |
June 29, 20076 to February 29, 2008 | | $ | 10.00 | | | | 0.10 | 4 | | | (0.84 | ) | | | (0.11 | ) |
Investor Class | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 9.56 | | | | 0.07 | | | | (0.11 | ) | | | (0.06 | ) |
March 1, 2011 to February 29, 2012 | | $ | 9.67 | | | | 0.11 | 4 | | | 0.02 | | | | (0.10 | ) |
March 1, 2010 to February 28, 2011 | | $ | 8.24 | | | | 0.10 | | | | 1.58 | | | | (0.12 | ) |
March 1, 2009 to February 28, 2010 | | $ | 5.42 | | | | 0.08 | 4 | | | 2.82 | | | | (0.08 | ) |
March 1, 2008 to February 28, 2009 | | $ | 9.24 | | | | 0.12 | 4 | | | (3.82 | ) | | | (0.12 | ) |
June 29, 20076 to February 29, 2008 | | $ | 10.00 | | | | 0.10 | 4 | | | (0.86 | ) | | | (0.00 | )5 |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Financial highlights | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 57 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Distributions
from net
realized
gains | | | Ending net asset
value
per
share | | | Ratio to average net assets (annualized) | | | | | | Portfolio
turnover
rate3 | | | Net assets at
end of period
(000s omitted) | |
| | | Net investment
income¹ | | | Gross
expenses1 | | | Net
expenses1 | | | Total
return2 | | | |
| | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | 0.00 | | | $ | 9.43 | | | | 1.55 | % | | | 0.93 | % | | | 0.87 | % | | | (0.37 | )% | | | 9 | % | | $ | 88,657 | |
| | (0.14 | ) | | $ | 9.53 | | | | 1.26 | % | | | 0.93 | % | | | 0.87 | % | | | 1.55 | % | | | 22 | % | | $ | 77,039 | |
| | (0.13 | ) | | $ | 9.65 | | | | 1.17 | % | | | 0.94 | % | | | 0.87 | % | | | 20.87 | % | | | 24 | % | | $ | 50,226 | |
| | 0.00 | | | $ | 8.22 | | | | 1.20 | % | | | 1.06 | % | | | 0.89 | % | | | 53.96 | % | | | 34 | % | | $ | 25,950 | |
| | 0.00 | | | $ | 5.40 | | | | 1.83 | % | | | 1.60 | % | | | 0.83 | % | | | (40.58 | )% | | | 30 | % | | $ | 4,101 | |
| | 0.00 | | | $ | 9.24 | | | | 1.58 | % | | | 5.39 | % | | | 0.53 | % | | | (7.52 | )% | | | 33 | % | | $ | 3,524 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | 0.00 | | | $ | 9.40 | | | | 1.92 | % | | | 0.66 | % | | | 0.52 | % | | | (0.21 | )% | | | 9 | % | | $ | 540,484 | |
| | (0.14 | ) | | $ | 9.50 | | | | 1.60 | % | | | 0.66 | % | | | 0.52 | % | | | 1.96 | % | | | 22 | % | | $ | 481,784 | |
| | (0.13 | ) | | $ | 9.61 | | | | 1.52 | % | | | 0.68 | % | | | 0.52 | % | | | 21.21 | % | | | 24 | % | | $ | 338,577 | |
| | 0.00 | | | $ | 8.19 | | | | 1.40 | % | | | 0.75 | % | | | 0.57 | % | | | 54.85 | % | | | 34 | % | | $ | 170,172 | |
| | 0.00 | | | $ | 5.36 | | | | 1.97 | % | | | 1.31 | % | | | 0.64 | % | | | (40.44 | )% | | | 30 | % | | $ | 16,279 | |
| | 0.00 | | | $ | 9.15 | | | | 1.52 | % | | | 5.64 | % | | | 0.49 | % | | | (7.48 | )% | | | 33 | % | | $ | 8,983 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | 0.00 | | | $ | 9.46 | | | | 1.51 | % | | | 1.16 | % | | | 0.93 | % | | | (0.39 | )% | | | 9 | % | | $ | 273,204 | |
| | (0.14 | ) | | $ | 9.56 | | | | 1.21 | % | | | 1.16 | % | | | 0.93 | % | | | 1.60 | % | | | 22 | % | | $ | 244,138 | |
| | (0.13 | ) | | $ | 9.67 | | | | 1.09 | % | | | 1.19 | % | | | 0.93 | % | | | 20.74 | % | | | 24 | % | | $ | 204,364 | |
| | 0.00 | | | $ | 8.24 | | | | 1.09 | % | | | 1.34 | % | | | 0.95 | % | | | 53.70 | % | | | 34 | % | | $ | 60,611 | |
| | 0.00 | | | $ | 5.42 | | | | 1.69 | % | | | 1.82 | % | | | 0.92 | % | | | (40.50 | )% | | | 30 | % | | $ | 7,025 | |
| | 0.00 | | | $ | 9.24 | | | | 1.59 | % | | | 5.74 | % | | | 0.50 | % | | | (7.59 | )% | | | 33 | % | | $ | 1,736 | |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | |
| 58 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Financial highlights |
| | | | | | | | | | | | | | | | | | | | |
| | |
Beginning
net asset
value per
share | | | Net
investment
income¹ | | | Net realized
and unrealized
gains (losses)
on investments | | | Distributions
from net
investment
income | | | Distributions
from net
realized gains | |
| | | | | |
Target 2040 Fund | | | | | | | | | | | | | | | | | | | | |
Class A | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 16.07 | | | | 0.12 | | | | (0.24 | ) | | | (0.10 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 16.40 | | | | 0.17 | | | | (0.07 | ) | | | (0.16 | ) | | | (0.27 | ) |
March 1, 2010 to February 28, 2011 | | $ | 13.60 | | | | 0.15 | | | | 2.81 | | | | (0.16 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 8.73 | | | | 0.12 | 4 | | | 4.87 | | | | (0.12 | ) | | | (0.00 | )5 |
March 1, 2008 to February 28, 2009 | | $ | 16.04 | | | | 0.19 | 4 | | | (6.92 | ) | | | (0.18 | ) | | | (0.40 | ) |
March 1, 2007 to February 29, 2008 | | $ | 17.42 | | | | 0.22 | 4 | | | (0.49 | ) | | | (0.22 | ) | | | (0.89 | ) |
Class B | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 15.36 | | | | 0.05 | 4 | | | (0.22 | ) | | | (0.02 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 15.67 | | | | 0.05 | 4 | | | (0.06 | ) | | | (0.03 | ) | | | (0.27 | ) |
March 1, 2010 to February 28, 2011 | | $ | 12.99 | | | | 0.03 | 4 | | | 2.70 | | | | (0.05 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 8.35 | | | | 0.10 | 4 | | | 4.57 | | | | (0.03 | ) | | | (0.00 | )5 |
March 1, 2008 to February 28, 2009 | | $ | 15.40 | | | | 0.09 | 4 | | | (6.64 | ) | | | (0.10 | ) | | | (0.40 | ) |
March 1, 2007 to February 29, 2008 | | $ | 16.75 | | | | 0.09 | 4 | | | (0.47 | ) | | | (0.08 | ) | | | (0.89 | ) |
Class C | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 15.26 | | | | 0.05 | | | | (0.22 | ) | | | (0.05 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 15.60 | | | | 0.04 | 4 | | | (0.05 | ) | | | (0.06 | ) | | | (0.27 | ) |
March 1, 2010 to February 28, 2011 | | $ | 12.95 | | | | 0.03 | 4 | | | 2.69 | | | | (0.07 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 8.33 | | | | 0.05 | 4 | | | 4.61 | | | | (0.04 | ) | | | (0.00 | )5 |
March 1, 2008 to February 28, 2009 | | $ | 15.36 | | | | 0.09 | 4 | | | (6.62 | ) | | | (0.10 | ) | | | (0.40 | ) |
March 1, 2007 to February 29, 2008 | | $ | 16.73 | | | | 0.08 | 4 | | | (0.47 | ) | | | (0.09 | ) | | | (0.89 | ) |
Administrator Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 16.34 | | | | 0.13 | 4 | | | (0.24 | ) | | | (0.11 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 16.67 | | | | 0.19 | | | | (0.06 | ) | | | (0.19 | ) | | | (0.27 | ) |
March 1, 2010 to February 28, 2011 | | $ | 13.82 | | | | 0.16 | | | | 2.88 | | | | (0.19 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 8.88 | | | | 0.16 | 4 | | | 4.93 | | | | (0.15 | ) | | | (0.00 | )5 |
March 1, 2008 to February 28, 2009 | | $ | 16.29 | | | | 0.23 | 4 | | | (7.02 | ) | | | (0.22 | ) | | | (0.40 | ) |
March 1, 2007 to February 29, 2008 | | $ | 17.67 | | | | 0.27 | 4 | | | (0.49 | ) | | | (0.27 | ) | | | (0.89 | ) |
Institutional Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 16.37 | | | | 0.16 | | | | (0.25 | ) | | | (0.13 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 16.69 | | | | 0.24 | | | | (0.05 | ) | | | (0.24 | ) | | | (0.27 | ) |
March 1, 2010 to February 28, 2011 | | $ | 13.84 | | | | 0.22 | | | | 2.87 | | | | (0.24 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 8.88 | | | | 0.18 | 4 | | | 4.95 | | | | (0.17 | ) | | | (0.00 | )5 |
March 1, 2008 to February 28, 2009 | | $ | 16.29 | | | | 0.25 | 4 | | | (7.02 | ) | | | (0.24 | ) | | | (0.40 | ) |
March 1, 2007 to February 29, 2008 | | $ | 17.67 | | | | 0.30 | 4 | | | (0.48 | ) | | | (0.31 | ) | | | (0.89 | ) |
Investor Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 16.32 | | | | 0.12 | | | | (0.23 | ) | | | (0.11 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 16.65 | | | | 0.18 | | | | (0.06 | ) | | | (0.18 | ) | | | (0.27 | ) |
March 1, 2010 to February 28, 2011 | | $ | 13.81 | | | | 0.16 | | | | 2.86 | | | | (0.18 | ) | | | 0.00 | |
March 1, 2009 to February 28, 2010 | | $ | 8.87 | | | | 0.15 | 4 | | | 4.93 | | | | (0.14 | ) | | | (0.00 | )5 |
March 1, 2008 to February 28, 2009 | | $ | 16.28 | | | | 0.21 | 4 | | | (7.01 | ) | | | (0.21 | ) | | | (0.40 | ) |
March 1, 2007 to February 29, 2008 | | $ | 17.67 | | | | 0.23 | 4 | | | (0.46 | ) | | | (0.27 | ) | | | (0.89 | ) |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Financial highlights | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 59 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Ending
net asset
value
per
share | | | Ratio to average net assets (annualized) | | | | | | Portfolio
turnover
rate3 | | | Net assets at
end of period
(000s omitted) | |
| | | Net investment
income¹ | | | Gross
expenses1 | | | Net
expenses1 | | | Total
return2 | | | |
| | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 15.85 | | | | 1.41 | % | | | 1.08 | % | | | 1.03 | % | | | (0.73 | )% | | | 8 | % | | $ | 98,694 | |
| | $ | 16.07 | | | | 1.06 | % | | | 1.08 | % | | | 1.03 | % | | | 0.85 | % | | | 20 | % | | $ | 103,841 | |
| | $ | 16.40 | | | | 0.95 | % | | | 1.10 | % | | | 1.04 | % | | | 21.98 | % | | | 21 | % | | $ | 113,494 | |
| | $ | 13.60 | | | | 1.03 | % | | | 1.17 | % | | | 1.12 | % | | | 57.33 | % | | | 29 | % | | $ | 100,278 | |
| | $ | 8.73 | | | | 1.39 | % | | | 1.30 | % | | | 1.22 | % | | | (42.65 | )% | | | 29 | % | | $ | 67,928 | |
| | $ | 16.04 | | | | 1.22 | % | | | 1.29 | % | | | 1.22 | % | | | (2.02 | )% | | | 31 | % | | $ | 142,158 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 15.17 | | | | 0.67 | % | | | 1.83 | % | | | 1.78 | % | | | (1.10 | )% | | | 8 | % | | $ | 943 | |
| | $ | 15.36 | | | | 0.34 | % | | | 1.83 | % | | | 1.78 | % | | | 0.12 | % | | | 20 | % | | $ | 1,564 | |
| | $ | 15.67 | | | | 0.23 | % | | | 1.86 | % | | | 1.79 | % | | | 21.08 | % | | | 21 | % | | $ | 2,863 | |
| | $ | 12.99 | | | | 0.86 | % | | | 1.93 | % | | | 1.89 | % | | | 56.01 | % | | | 29 | % | | $ | 3,876 | |
| | $ | 8.35 | | | | 0.65 | % | | | 2.05 | % | | | 1.97 | % | | | (43.10 | )% | | | 29 | % | | $ | 3,623 | |
| | $ | 15.40 | | | | 0.50 | % | | | 2.04 | % | | | 1.97 | % | | | (2.69 | )% | | | 31 | % | | $ | 9,899 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 15.04 | | | | 0.66 | % | | | 1.83 | % | | | 1.78 | % | | | (1.10 | )% | | | 8 | % | | $ | 3,587 | |
| | $ | 15.26 | | | | 0.30 | % | | | 1.83 | % | | | 1.78 | % | | | 0.14 | % | | | 20 | % | | $ | 3,623 | |
| | $ | 15.60 | | | | 0.19 | % | | | 1.85 | % | | | 1.79 | % | | | 21.08 | % | | | 21 | % | | $ | 3,038 | |
| | $ | 12.95 | | | | 0.41 | % | | | 1.92 | % | | | 1.87 | % | | | 56.02 | % | | | 29 | % | | $ | 2,226 | |
| | $ | 8.33 | | | | 0.65 | % | | | 2.05 | % | | | 1.97 | % | | | (43.07 | )% | | | 29 | % | | $ | 1,362 | |
| | $ | 15.36 | | | | 0.46 | % | | | 2.04 | % | | | 1.97 | % | | | (2.75 | )% | | | 31 | % | | $ | 3,023 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 16.12 | | | | 1.56 | % | | | 0.92 | % | | | 0.87 | % | | | (0.64 | )% | | | 8 | % | | $ | 262,778 | |
| | $ | 16.34 | | | | 1.22 | % | | | 0.92 | % | | | 0.87 | % | | | 1.00 | % | | | 20 | % | | $ | 256,378 | |
| | $ | 16.67 | | | | 1.11 | % | | | 0.94 | % | | | 0.87 | % | | | 22.21 | % | | | 21 | % | | $ | 260,524 | |
| | $ | 13.82 | | | | 1.26 | % | | | 0.99 | % | | | 0.90 | % | | | 57.54 | % | | | 29 | % | | $ | 176,917 | |
| | $ | 8.88 | | | | 1.67 | % | | | 1.12 | % | | | 0.92 | % | | | (42.46 | )% | | | 29 | % | | $ | 72,233 | |
| | $ | 16.29 | | | | 1.49 | % | | | 1.11 | % | | | 0.92 | % | | | (1.69 | )% | | | 31 | % | | $ | 117,859 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 16.15 | | | | 1.92 | % | | | 0.65 | % | | | 0.52 | % | | | (0.48 | )% | | | 8 | % | | $ | 906,906 | |
| | $ | 16.37 | | | | 1.55 | % | | | 0.65 | % | | | 0.52 | % | | | 1.37 | % | | | 20 | % | | $ | 846,499 | |
| | $ | 16.69 | | | | 1.44 | % | | | 0.67 | % | | | 0.52 | % | | | 22.66 | % | | | 21 | % | | $ | 654,804 | |
| | $ | 13.84 | | | | 1.42 | % | | | 0.72 | % | | | 0.62 | % | | | 58.11 | % | | | 29 | % | | $ | 377,937 | |
| | $ | 8.88 | | | | 1.88 | % | | | 0.85 | % | | | 0.69 | % | | | (42.36 | )% | | | 29 | % | | $ | 136,386 | |
| | $ | 16.29 | | | | 1.66 | % | | | 0.85 | % | | | 0.69 | % | | | (1.47 | )% | | | 31 | % | | $ | 125,256 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 16.10 | | | | 1.50 | % | | | 1.15 | % | | | 0.93 | % | | | (0.66 | )% | | | 8 | % | | $ | 72,784 | |
| | $ | 16.32 | | | | 1.14 | % | | | 1.15 | % | | | 0.93 | % | | | 0.96 | % | | | 20 | % | | $ | 64,452 | |
| | $ | 16.65 | | | | 1.01 | % | | | 1.18 | % | | | 0.93 | % | | | 22.10 | % | | | 21 | % | | $ | 48,906 | |
| | $ | 13.81 | | | | 1.16 | % | | | 1.27 | % | | | 0.96 | % | | | 57.54 | % | | | 29 | % | | $ | 20,959 | |
| | $ | 8.87 | | | | 1.58 | % | | | 1.41 | % | | | 0.98 | % | | | (42.51 | )% | | | 29 | % | | $ | 6,970 | |
| | $ | 16.28 | | | | 1.29 | % | | | 1.43 | % | | | 0.98 | % | | | (1.74 | )% | | | 31 | % | | $ | 5,133 | |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | |
| 60 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Financial highlights |
| | | | | | | | | | | | | | | | | | | | |
| | | Beginning
net asset
value per
share | | | Net
investment
income¹ | | | Net realized
and unrealized
gains (losses)
on investments | | | Distributions
from net
investment
income | | | Distributions
from net
realized gains | |
| | | | | |
Target 2045 Fund | | | | | | | | | | | | | | | | | | | | |
Administrator Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 9.59 | | | | 0.07 | | | | (0.15 | ) | | | (0.05 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 9.66 | | | | 0.11 | | | | (0.05 | ) | | | (0.09 | ) | | | (0.04 | ) |
March 1, 2010 to February 28, 2011 | | $ | 8.12 | | | | 0.09 | | | | 1.72 | | | | (0.16 | ) | | | (0.11 | ) |
March 1, 2009 to February 28, 2010 | | $ | 5.21 | | | | 0.08 | 4 | | | 2.92 | | | | (0.07 | ) | | | (0.02 | ) |
March 1, 2008 to February 28, 2009 | | $ | 9.18 | | | | 0.12 | 4 | | | (3.94 | ) | | | (0.15 | ) | | | 0.00 | |
June 29, 20076 to February 29, 2008 | | $ | 10.00 | | | | 0.09 | 4 | | | (0.91 | ) | | | 0.00 | | | | 0.00 | |
Institutional Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 9.55 | | | | 0.09 | | | | (0.15 | ) | | | (0.08 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 9.62 | | | | 0.14 | | | | (0.05 | ) | | | (0.12 | ) | | | (0.04 | ) |
March 1, 2010 to February 28, 2011 | | $ | 8.08 | | | | 0.13 | | | | 1.70 | | | | (0.18 | ) | | | (0.11 | ) |
March 1, 2009 to February 28, 2010 | | $ | 5.19 | | | | 0.10 | 4 | | | 2.90 | | | | (0.09 | ) | | | (0.02 | ) |
March 1, 2008 to February 28, 2009 | | $ | 9.09 | | | | 0.13 | 4 | | | (3.91 | ) | | | (0.12 | ) | | | 0.00 | |
June 29, 20076 to February 29, 2008 | | $ | 10.00 | | | | 0.09 | 4 | | | (0.90 | ) | | | (0.10 | ) | | | 0.00 | |
Investor Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 9.62 | | | | 0.07 | | | | (0.15 | ) | | | (0.05 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 9.69 | | | | 0.11 | | | | (0.05 | ) | | | (0.09 | ) | | | (0.04 | ) |
March 1, 2010 to February 28, 2011 | | $ | 8.14 | | | | 0.08 | | | | 1.73 | | | | (0.15 | ) | | | (0.11 | ) |
March 1, 2009 to February 28, 2010 | | $ | 5.23 | | | | 0.09 | 4 | | | 2.91 | | | | (0.07 | ) | | | (0.02 | ) |
March 1, 2008 to February 28, 2009 | | $ | 9.17 | | | | 0.11 | 4 | | | (3.95 | ) | | | (0.10 | ) | | | 0.00 | |
June 29, 20076 to February 29, 2008 | | $ | 10.00 | | | | 0.09 | 4 | | | (0.92 | ) | | | 0.00 | | | | 0.00 | |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Financial highlights | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 61 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Ending
net asset
value
per
share | | | Ratio to average net assets (annualized) | | | | | | Portfolio
turnover
rate3 | | | Net assets at
end of period
(000s omitted) | |
| | | Net investment
income¹ | | | Gross
expenses1 | | | Net
expenses1 | | | Total
return2 | | | |
| | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 9.46 | | | | 1.55 | % | | | 0.96 | % | | | 0.87 | % | | | (0.80 | )% | | | 7 | % | | $ | 44,869 | |
| | $ | 9.59 | | | | 1.18 | % | | | 0.94 | % | | | 0.87 | % | | | 0.85 | % | | | 19 | % | | $ | 39,964 | |
| | $ | 9.66 | | | | 1.02 | % | | | 0.97 | % | | | 0.87 | % | | | 22.56 | % | | | 20 | % | | $ | 27,698 | |
| | $ | 8.12 | | | | 1.11 | % | | | 1.22 | % | | | 0.89 | % | | | 57.87 | % | | | 27 | % | | $ | 14,948 | |
| | $ | 5.21 | | | | 1.62 | % | | | 2.34 | % | | | 0.92 | % | | | (42.22 | )% | | | 29 | % | | $ | 1,656 | |
| | $ | 9.18 | | | | 1.45 | % | | | 13.36 | % | | | 0.56 | % | | | (8.20 | )% | | | 30 | % | | $ | 948 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 9.41 | | | | 1.91 | % | | | 0.69 | % | | | 0.52 | % | | | (0.59 | )% | | | 7 | % | | $ | 254,674 | |
| | $ | 9.55 | | | | 1.51 | % | | | 0.67 | % | | | 0.52 | % | | | 1.16 | % | | | 19 | % | | $ | 215,067 | |
| | $ | 9.62 | | | | 1.26 | % | | | 0.70 | % | | | 0.52 | % | | | 23.08 | % | | | 20 | % | | $ | 141,871 | |
| | $ | 8.08 | | | | 1.26 | % | | | 0.95 | % | | | 0.59 | % | | | 58.02 | % | | | 27 | % | | $ | 51,776 | |
| | $ | 5.19 | | | | 1.84 | % | | | 2.02 | % | | | 0.69 | % | | | (42.06 | )% | | | 29 | % | | $ | 8,287 | |
| | $ | 9.09 | | | | 1.46 | % | | | 12.60 | % | | | 0.53 | % | | | (8.12 | )% | | | 30 | % | | $ | 4,339 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 9.49 | | | | 1.48 | % | | | 1.19 | % | | | 0.93 | % | | | (0.83 | )% | | | 7 | % | | $ | 146,454 | |
| | $ | 9.62 | | | | 1.12 | % | | | 1.17 | % | | | 0.93 | % | | | 0.80 | % | | | 19 | % | | $ | 115,546 | |
| | $ | 9.69 | | | | 0.98 | % | | | 1.21 | % | | | 0.93 | % | | | 22.58 | % | | | 20 | % | | $ | 84,881 | |
| | $ | 8.14 | | | | 1.12 | % | | | 1.51 | % | | | 0.95 | % | | | 57.49 | % | | | 27 | % | | $ | 12,352 | |
| | $ | 5.23 | | | | 1.55 | % | | | 2.58 | % | | | 0.98 | % | | | (42.22 | )% | | | 29 | % | | $ | 1,205 | |
| | $ | 9.17 | | | | 1.43 | % | | | 12.57 | % | | | 0.56 | % | | | (8.30 | )% | | | 30 | % | | $ | 547 | |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | |
| 62 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Financial highlights |
| | | | | | | | | | | | | | | | | | | | |
| | |
Beginning
net asset
value per
share | | | Net
investment
income¹ | | | Net realized
and unrealized
gains (losses)
on investments | | | Distributions
from net
investment
income | | | Distributions
from net
realized gains | |
| | | | | |
Target 2050 Fund | | | | | | | | | | | | | | | | | | | | |
Administrator Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 9.18 | | | | 0.07 | 4 | | | (0.09 | ) | | | (0.06 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 9.48 | | | | 0.11 | | | | (0.07 | ) | | | (0.09 | ) | | | (0.25 | ) |
March 1, 2010 to February 28, 2011 | | $ | 8.10 | | | | 0.09 | 4 | | | 1.71 | | | | (0.15 | ) | | | (0.27 | ) |
March 1, 2009 to February 28, 2010 | | $ | 5.20 | | | | 0.09 | | | | 2.91 | | | | (0.07 | ) | | | (0.03 | ) |
March 1, 2008 to February 28, 2009 | | $ | 9.14 | | | | 0.12 | 4 | | | (3.96 | ) | | | (0.10 | ) | | | 0.00 | |
June 29, 20076 to February 29, 2008 | | $ | 10.00 | | | | 0.08 | 4 | | | (0.92 | ) | | | (0.02 | ) | | | 0.00 | |
Institutional Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 9.20 | | | | 0.09 | | | | (0.15 | ) | | | (0.07 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 9.50 | | | | 0.14 | | | | (0.07 | ) | | | (0.12 | ) | | | (0.25 | ) |
March 1, 2010 to February 28, 2011 | | $ | 8.10 | | | | 0.12 | 4 | | | 1.72 | | | | (0.17 | ) | | | (0.27 | ) |
March 1, 2009 to February 28, 2010 | | $ | 5.20 | | | | 0.10 | | | | 2.92 | | | | (0.09 | ) | | | (0.03 | ) |
March 1, 2008 to February 28, 2009 | | $ | 9.13 | | | | 0.13 | 4 | | | (3.94 | ) | | | (0.12 | ) | | | 0.00 | |
June 29, 20076 to February 29, 2008 | | $ | 10.00 | | | | 0.08 | 4 | | | (0.90 | ) | | | (0.05 | ) | | | 0.00 | |
Investor Class | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 9.21 | | | | 0.07 | | | | (0.14 | ) | | | (0.06 | ) | | | 0.00 | |
March 1, 2011 to February 29, 2012 | | $ | 9.51 | | | | 0.10 | | | | (0.06 | ) | | | (0.09 | ) | | | (0.25 | ) |
March 1, 2010 to February 28, 2011 | | $ | 8.11 | | | | 0.09 | 4 | | | 1.71 | | | | (0.13 | ) | | | (0.27 | ) |
March 1, 2009 to February 28, 2010 | | $ | 5.21 | | | | 0.07 | | | | 2.93 | | | | (0.07 | ) | | | (0.03 | ) |
March 1, 2008 to February 28, 2009 | | $ | 9.16 | | | | 0.11 | 4 | | | (3.96 | ) | | | (0.10 | ) | | | 0.00 | |
June 29, 20076 to February 29, 2008 | | $ | 10.00 | | | | 0.07 | 4 | | | (0.91 | ) | | | 0.00 | | | | 0.00 | |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Financial highlights | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 63 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Ending
net asset
value
per
share | | | Ratio to average net assets (annualized) | | | | | | Portfolio
turnover
rate3 | | | Net assets at
end of period
(000s omitted) | |
| | | Net investment
income¹ | | | Gross
expenses1 | | | Net
expenses1 | | | Total
return2 | | | |
| | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 9.10 | | | | 1.55 | % | | | 0.94 | % | | | 0.87 | % | | | (0.73 | )% | | | 7 | % | | $ | 100,657 | |
| | $ | 9.18 | | | | 1.18 | % | | | 0.93 | % | | | 0.87 | % | | | 0.81 | % | | | 19 | % | | $ | 89,984 | |
| | $ | 9.48 | | | | 1.07 | % | | | 0.94 | % | | | 0.87 | % | | | 22.58 | % | | | 20 | % | | $ | 69,492 | |
| | $ | 8.10 | | | | 1.49 | % | | | 1.04 | % | | | 0.90 | % | | | 57.99 | % | | | 27 | % | | $ | 37,853 | |
| | $ | 5.20 | | | | 1.60 | % | | | 1.48 | % | | | 0.92 | % | | | (42.36 | )% | | | 29 | % | | $ | 10,984 | |
| | $ | 9.14 | | | | 1.18 | % | | | 5.13 | % | | | 0.87 | % | | | (8.37 | )% | | | 30 | % | | $ | 5,420 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 9.07 | | | | 1.91 | % | | | 0.67 | % | | | 0.52 | % | | | (0.57 | )% | | | 7 | % | | $ | 688,483 | |
| | $ | 9.20 | | | | 1.53 | % | | | 0.66 | % | | | 0.52 | % | | | 1.11 | % | | | 19 | % | | $ | 651,308 | |
| | $ | 9.50 | | | | 1.43 | % | | | 0.67 | % | | | 0.52 | % | | | 23.17 | % | | | 20 | % | | $ | 560,746 | |
| | $ | 8.10 | | | | 1.19 | % | | | 0.71 | % | | | 0.57 | % | | | 58.33 | % | | | 27 | % | | $ | 389,918 | |
| | $ | 5.20 | | | | 1.80 | % | | | 1.19 | % | | | 0.69 | % | | | (42.19 | )% | | | 29 | % | | $ | 26,763 | |
| | $ | 9.13 | | | | 1.32 | % | | | 5.32 | % | | | 0.67 | % | | | (8.26 | )% | | | 30 | % | | $ | 8,102 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 9.08 | | | | 1.49 | % | | | 1.16 | % | | | 0.93 | % | | | (0.76 | )% | | | 7 | % | | $ | 33,558 | |
| | $ | 9.21 | | | | 1.12 | % | | | 1.16 | % | | | 0.93 | % | | | 0.75 | % | | | 19 | % | | $ | 28,615 | |
| | $ | 9.51 | | | | 1.02 | % | | | 1.19 | % | | | 0.93 | % | | | 22.54 | % | | | 20 | % | | $ | 24,771 | |
| | $ | 8.11 | | | | 1.00 | % | | | 1.28 | % | | | 0.95 | % | | | 57.89 | % | | | 27 | % | | $ | 19,359 | |
| | $ | 5.21 | | | | 1.48 | % | | | 1.73 | % | | | 0.98 | % | | | (42.39 | )% | | | 29 | % | | $ | 983 | |
| | $ | 9.16 | | | | 1.06 | % | | | 5.27 | % | | | 0.94 | % | | | (8.40 | )% | | | 30 | % | | $ | 335 | |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | |
| 64 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Financial highlights |
| | | | | | | | | | | | | | | | |
| | | Beginning
net asset
value per
share | | | Net
investment
income1 | | | Net realized
and unrealized
gains (losses)
on investments | | | Distributions
from net
investment
income | |
| | | | |
Target 2055 Fund | | | | | | | | | | | | | | | | |
Administrator Class | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 10.06 | | | | 0.07 | | | | (0.16 | ) | | | (0.03 | ) |
June 30, 20116 to February 29, 2012 | | $ | 10.00 | | | | 0.06 | 4 | | | 0.00 | 5 | | | 0.00 | |
Institutional Class | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 10.08 | | | | 0.09 | 4 | | | (0.16 | ) | | | (0.07 | ) |
June 30, 20116 to February 29, 2012 | | $ | 10.00 | | | | 0.08 | 4 | | | 0.00 | 5 | | | 0.00 | |
Investor Class | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | $ | 10.05 | | | | 0.06 | | | | (0.14 | ) | | | (0.11 | ) |
June 30, 20116 to February 29, 2012 | | $ | 10.00 | | | | 0.06 | 4 | | | (0.01 | ) | | | 0.00 | |
| 1. | Includes net expenses allocated from affiliated Master Portfolios in which the Fund invests. |
| 2. | Total return calculations do not include any sales charges. Returns for periods less than one year are not annualized. |
| 3. | Portfolio turnover rate represents the weighted average portfolio turnover in each respective Master Portfolio. |
| 4. | Calculated based upon average shares outstanding. |
| 5. | Amount is less than $0.005. |
| 6. | Commencement of class operations. |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Financial highlights | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 65 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Ending
net asset
value
per
share | | | Ratio to average net assets (annualized) | | | | | | Portfolio
turnover
rate3 | | | Net assets at
end of period
(000s omitted) | |
| | Net investment
income¹ | | | Gross
expenses1 | | | Net
expenses1 | | | Total
return2 | | | |
| | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| $ | 9.94 | | | | 1.55 | % | | | 1.65 | % | | | 0.87 | % | | | (0.82 | )% | | | 7 | % | | $ | 2,687 | |
| $ | 10.06 | | | | 0.87 | % | | | 2.14 | % | | | 0.87 | % | | | 0.60 | % | | | 19 | % | | $ | 1,794 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| $ | 9.94 | | | | 1.87 | % | | | 1.37 | % | | | 0.52 | % | | | (0.65 | )% | | | 7 | % | | $ | 16,580 | |
| $ | 10.08 | | | | 1.33 | % | | | 4.06 | % | | | 0.52 | % | | | 0.80 | % | | | 19 | % | | $ | 8,963 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| $ | 9.86 | | | | 1.46 | % | | | 1.87 | % | | | 0.93 | % | | | (0.77 | )% | | | 7 | % | | $ | 461 | |
| $ | 10.05 | | | | 0.94 | % | | | 6.32 | % | | | 0.93 | % | | | 0.50 | % | | | 19 | % | | $ | 256 | |
Please see footnotes on page 64.
The accompanying notes are an integral part of these financial statements.
| | | | |
| 66 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Notes to financial statements (unaudited) |
1. ORGANIZATION
Wells Fargo Funds Trust (the “Trust”), a Delaware statutory trust organized on March 10, 1999, is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”). These financial statements report on the following funds: Wells Fargo Advantage Dow Jones Target Today Fund (“Target Today Fund”), Wells Fargo Advantage Dow Jones Target 2010 Fund (“Target 2010 Fund”), Wells Fargo Advantage Dow Jones Target 2015 Fund (“Target 2015 Fund”), Wells Fargo Advantage Dow Jones Target 2020 Fund (“Target 2020 Fund”), Wells Fargo Advantage Dow Jones Target 2025 Fund (“Target 2025 Fund”), Wells Fargo Advantage Dow Jones Target 2030 Fund (“Target 2030 Fund”), Wells Fargo Advantage Dow Jones Target 2035 Fund (“Target 2035 Fund”), Wells Fargo Advantage Dow Jones Target 2040 Fund (“Target 2040 Fund”), Wells Fargo Advantage Dow Jones Target 2045 Fund (“Target 2045 Fund”), Wells Fargo Advantage Dow Jones Target 2050 Fund (“Target 2050 Fund”) and Wells Fargo Advantage Dow Jones Target 2055 Fund (“Target 2055 Fund”) (each, a “Fund”, collectively, the “Funds”). Each Fund is a diversified series of the Trust.
The Funds each seek to achieve their investment objective by investing all investable assets in one or more separate diversified portfolios (each, a “Master Portfolio”, collectively, the “Master Portfolios”) of Wells Fargo Master Trust, a registered open-end management investment company. Each Master Portfolio directly acquires portfolio securities, and a Fund investing in a Master Portfolio acquires an indirect interest in those securities. Each Fund accounts for its investment in the Master Portfolios as partnership investments and records daily its share of the Master Portfolio’s income, expense and realized and unrealized gains and losses. The financial statements of the Master Portfolios for the six months ended August 31, 2012 are included in this report and should be read in conjunction with each Fund’s financial statements. As of August 31, 2012, the Funds own the following percentages of the Master Portfolios:
| | | | | | | | | | | | | | | | | | | | | | |
| | | Target
Today
Fund | | Target
2010
Fund | | Target
2015
Fund | | Target
2020
Fund | | Target
2025
Fund | | Target
2030
Fund | | Target
2035
Fund | | Target
2040
Fund | | Target
2045
Fund | | Target
2050
Fund | | Target
2055
Fund |
Wells Fargo Advantage Diversified Fixed Income Portfolio | | 16% | | 13% | | 11% | | 25% | | 16% | | 11% | | 3% | | 3% | | 1% | | 1% | | 0%* |
Wells Fargo Advantage Diversified Stock Portfolio | | 2% | | 3% | | 4% | | 15% | | 15% | | 19% | | 10% | | 16% | | 6% | | 10% | | 0%* |
Wells Fargo Advantage Short-Term Investment Portfolio | | 13% | | 6% | | 7% | | 18% | | 15% | | 15% | | 7% | | 10% | | 3% | | 6% | | 0%* |
| * | The amount invested is less than 1%. |
2. SIGNIFICANT ACCOUNTING POLICIES
The following significant accounting policies, which are consistently followed in the preparation of the financial statements of each Fund, are in conformity with U.S. generally accepted accounting principles which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Securities valuation
Investments in the Master Portfolios are valued daily based on each Fund’s proportionate share of each Master Portfolio’s net assets, which are also valued daily. Securities held in the Master Portfolios are valued as discussed in the Notes to Financial Statements of the Master Portfolios, which are included elsewhere in this report.
Investments which are not valued using the method discussed above are valued at their fair value, as determined by procedures established in good faith and approved by the Board of Trustees. The Board of Trustees has established a Valuation Committee comprised of the Trustees and has delegated to it the authority to take any actions regarding the valuation of portfolio securities that the Valuation Committee deems necessary in determining the fair value of portfolio securities, unless the responsibility has been delegated to the Management Valuation Team of Wells Fargo Funds Management, LLC (“Funds Management”). The Board of Trustees retains the authority to make any valuation decisions or approve any changes to the Valuation Procedures as it deems appropriate. On a quarterly basis, the Board of Trustees receives a report on any valuation actions taken by the Valuation Committee or the Management Valuation Team.
Security transactions and income recognition
Securities transactions are recorded on a trade date basis in each Master Portfolio. Realized gains or losses in each Master Portfolio are reported on the basis of identified cost of securities delivered.
Interest income is accrued daily and bond discounts are accreted and premiums are amortized daily based on the effective interest method by each Master Portfolio. To the extent debt obligations are placed on non-accrual status, any related interest income may be reduced by writing off interest receivables when the collection of all or a portion of interest has
| | | | | | |
| Notes to financial statements (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 67 | |
become doubtful based on consistently applied procedures. If the issuer subsequently resumes interest payments or when the collectability of interest is reasonably assured, the debt obligation is removed from non-accrual status.
Dividend income in each Master Portfolio is recognized on the ex-dividend date, except for certain dividends from foreign securities, which are recorded as soon as the Master Portfolio is informed of the ex-dividend date.
Income from foreign securities in each Master Portfolio is recorded net of foreign taxes withheld where recovery of such taxes is not assured.
Each Fund records daily its proportionate share of each Master Portfolio’s interest and dividend income and realized and unrealized gains or losses.
Distributions to shareholders
Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-dividend date. Such distributions are determined in conformity with income tax regulations, which may differ from generally accepted accounting principles.
Federal and other taxes
Each Fund is treated as a separate entity for federal income tax purposes. Each Fund intends to continue to qualify as a regulated investment company by distributing substantially all of its investment company taxable income and any net realized capital gains (after reduction for capital loss carryforwards) sufficient to relieve it from all, or substantially all, federal income taxes. Accordingly, no provision for federal income taxes was required.
Each Fund’s income and federal excise tax returns and all financial records supporting those returns for the prior three fiscal years are subject to examination by the federal and Delaware revenue authorities. Management has analyzed each Fund’s tax positions taken on federal, state, and foreign tax returns for all open tax years and does not believe that there are any uncertain tax positions that require recognition of a tax liability.
As of February 29, 2012, Target 2055 Fund had post-enactment capital loss carryforwards (losses incurred on taxable years which began after December 22, 2010) which consist of $51,204 in long-term capital losses.
Class allocations
The separate classes of shares offered by each Fund differ principally in applicable sales charges, distribution, shareholder servicing, and administration fees. Shareholders of each class bear certain expenses that pertain to that particular class. All shareholders bear the common expenses of a Fund, earn income from the portfolios, and are allocated unrealized gains and losses pro rata based on the average daily net assets of each class, without distinction between share classes. Dividends are determined separately for each class based on income and expenses allocable to each class. Realized gains and losses are allocated to each class pro rata based upon the net assets of each class on the date realized. Differences in per share dividend rates generally result from the relative weightings of pro rata income and realized gain allocations and from differences in separate class expenses, including applicable distribution, shareholder servicing, and administration fees.
3. FAIR VALUATION MEASUREMENTS
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs utilized in determining the value of each Fund’s investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to significant unobservable inputs (Level 3). Each Fund’s investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three broad levels as follows:
| n | | Level 1 – quoted prices in active markets for identical securities |
| n | | Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
| n | | Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments) |
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
At August 31, 2012, each Fund’s investment in an affiliated Master Portfolio is carried at fair value with Level 2 inputs. Further details on the investments of the affiliated Master Portfolios can be found in the Summary Portfolio of Investments or Portfolio of Investments of each affiliated Master Portfolio which is contained elsewhere in this report.
| | | | |
| 68 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Notes to financial statements (unaudited) |
Transfers in and transfers out are recognized at the end of the reporting period. For the six months ended August 31, 2012, the Funds did not have any transfers into/out of Level 1 and Level 2.
4. TRANSACTIONS WITH AFFILIATES AND OTHER EXPENSES
Advisory fees
The Trust has entered into an advisory contract with Funds Management, an indirect wholly owned subsidiary of Wells Fargo & Company (“Wells Fargo”). The adviser is responsible for implementing investment policies and guidelines and for supervising the sub-adviser, who is responsible for day-to-day portfolio management of the Funds.
Funds Management is the adviser for each Fund and is entitled to receive an advisory fee for providing such advisory services, including the determination of the asset allocations of each Fund’s investments in the various Master Portfolios. Funds Management is entitled to receive an annual advisory fee starting at 0.25% and declining to 0.19% as the average daily net assets of each Fund increase. For the six months ended August 31, 2012, the advisory fee was equivalent to an annual rate for each Fund as follows:
| | | | |
| | | Advisory fee | |
Target Today Fund | | | 0.24 | % |
Target 2010 Fund | | | 0.24 | |
Target 2015 Fund | | | 0.24 | |
Target 2020 Fund | | | 0.22 | |
Target 2025 Fund | | | 0.23 | |
Target 2030 Fund | | | 0.23 | |
Target 2035 Fund | | | 0.24 | |
Target 2040 Fund | | | 0.23 | |
Target 2045 Fund | | | 0.25 | |
Target 2050 Fund | | | 0.24 | |
Target 2055 Fund | | | 0.25 | |
Funds Management also serves as the adviser to each Master Portfolio and is entitled to receive a fee from each Master Portfolio for those services.
Funds Management has retained the services of a subadviser to provide daily portfolio management to the Funds. The fees for subadvisory services are borne by Funds Management. Global Index Advisors, Incorporated, is the subadviser to each Fund and is entitled to receive a fee from Funds Management at an annual rate starting at 0.06% and declining to 0.04% as the average daily net assets of each Fund increase.
Administration and transfer agent fees
The Trust has entered into an administration agreement with Funds Management. Under this agreement, for providing administrative services, which includes paying fees and expenses for services provided by the transfer agent, sub-transfer agents, omnibus account servicers and record-keepers, Funds Management is entitled to receive from each Fund an annual fund level administration fee starting at 0.05% and declining to 0.03% as the average daily net assets of each Fund increase and a class level administration fee which is calculated based on the average daily net assets of each class as follows:
| | |
| | | Class level administration fee |
| Class A, Class B, Class C | | 0.26% |
| Administrator Class | | 0.10 |
| Institutional Class | | 0.08 |
| Investor Class | | 0.32* |
| * | Prior to May 1, 2012, the class level administration fee for Investor Class was 0.33%. |
| | | | | | |
| Notes to financial statements (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 69 | |
Funds Management has contractually waived and/or reimbursed advisory and administration fees to the extent necessary to maintain certain net operating expense ratios for the Funds. Waiver of fees and/or reimbursement of expenses by Funds Management were made first from fund level expenses on a proportionate basis and then from class specific expenses. Funds Management has committed through June 30, 2013 to waive fees and/or reimburse expenses to the extent necessary to cap each Fund’s expenses as follows:
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | Class A | | | Class B | | | Class C | | | Administrator
Class | | | Institutional
Class | | | Investor
Class | |
Target Today Fund | | | 0.96% | | | | 1.71% | | | | 1.71% | | | | 0.80% | | | | 0.45% | | | | 0.86% | |
Target 2010 Fund | | | 0.99 | | | | 1.74 | | | | 1.74 | | | | 0.83 | | | | 0.48 | | | | 0.89 | |
Target 2015 Fund | | | N/A | | | | N/A | | | | N/A | | | | 0.84 | | | | 0.49 | | | | 0.90 | |
Target 2020 Fund | | | 1.01 | | | | 1.76 | | | | 1.76 | | | | 0.85 | | | | 0.50 | | | | 0.91 | |
Target 2025 Fund | | | N/A | | | | N/A | | | | N/A | | | | 0.85 | | | | 0.50 | | | | 0.91 | |
Target 2030 Fund | | | 1.02 | | | | 1.77 | | | | 1.77 | | | | 0.86 | | | | 0.51 | | | | 0.92 | |
Target 2035 Fund | | | N/A | | | | N/A | | | | N/A | | | | 0.87 | | | | 0.52 | | | | 0.93 | |
Target 2040 Fund | | | 1.03 | | | | 1.78 | | | | 1.78 | | | | 0.87 | | | | 0.52 | | | | 0.93 | |
Target 2045 Fund | | | N/A | | | | N/A | | | | N/A | | | | 0.87 | | | | 0.52 | | | | 0.93 | |
Target 2050 Fund | | | N/A | | | | N/A | | | | N/A | | | | 0.87 | | | | 0.52 | | | | 0.93 | |
Target 2055 Fund | | | N/A | | | | N/A | | | | N/A | | | | 0.87 | | | | 0.52 | | | | 0.93 | |
Distribution fees
The Trust has adopted a Distribution Plan for Class B and Class C shares of the applicable Funds pursuant to Rule 12b-1 under the 1940 Act. Distribution fees are charged to the Class B and Class C shares and paid to Wells Fargo Funds Distributor, LLC, the principal underwriter of each Fund, at an annual rate of 0.75% of the average daily net assets of Class B and Class C shares.
For the six months ended August 31, 2012, Wells Fargo Funds Distributor, LLC received the following amounts in front-end sales charges and contingent deferred sales charges:
| | | | | | | | | | | | |
| | | Front-end
sales charges Class A | | | Contingent deferred sales charges | |
| | | | Class B | | | Class C | |
Target Today Fund | | $ | 121 | | | $ | 0 | | | $ | 0 | |
Target 2010 Fund | | | 382 | | | | 0 | | | | 0 | |
Target 2020 Fund | | | 511 | | | | 16 | | | | 0 | |
Target 2030 Fund | | | 278 | | | | 29 | | | | 0 | |
Target 2040 Fund | | | 1,258 | | | | 46 | | | | 182 | |
Shareholder servicing fees
The Trust has entered into contracts with one or more shareholder servicing agents, whereby Class A, Class B, Class C, Administrator Class and Investor Class of each applicable Fund is charged a fee at an annual rate of 0.25% of the average daily net assets of each respective class.
A portion of these total shareholder servicing fees were paid to affiliates of Wells Fargo.
| | | | |
| 70 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Notes to financial statements (unaudited) |
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments, excluding U.S. Government obligations (if any) and short-term securities, for the six months ended August 31, 2012 were as follows:
| | | | | | | | |
| | | Purchases at cost* | | | Sales proceeds* | |
Target Today Fund | | $ | 219,379,102 | | | $ | 157,813,912 | |
Target 2010 Fund | | | 189,383,722 | | | | 133,691,380 | |
Target 2015 Fund | | | 179,817,496 | | | | 121,541,108 | |
Target 2020 Fund | | | 459,975,731 | | | | 294,229,975 | |
Target 2025 Fund | | | 354,785,085 | | | | 211,878,010 | |
Target 2030 Fund | | | 344,086,194 | | | | 189,466,007 | |
Target 2035 Fund | | | 144,002,126 | | | | 72,790,153 | |
Target 2040 Fund | | | 204,122,491 | | | | 95,861,945 | |
Target 2045 Fund | | | 66,003,917 | | | | 29,780,102 | |
Target 2050 Fund | | | 121,415,711 | | | | 54,625,395 | |
Target 2055 Fund | | | 2,936,638 | | | | 1,321,205 | |
| * | Each Fund seeks to achieve its investment objective by investing all of its investable assets in multiple Master Portfolios. Purchases and sales related to these investments have been calculated by aggregating the results of multiplying each Fund’s ownership percentage of the respective Master Portfolio by the corresponding Master Portfolio’s purchases and sales. |
6. BANK BORROWINGS
Each Fund and certain funds in the Trust are party to a $25,000,000 revolving credit agreement with the Bank of New York Mellon, whereby the Funds are permitted to use bank borrowings for temporary or emergency purposes, such as to fund shareholder redemption requests. Interest under the credit agreement is charged to each Fund based on a borrowing rate equal to the higher of the Federal Funds rate in effect on that day plus 1.25% or the overnight LIBOR rate in effect on that day plus 1.25%. In addition, an annual commitment fee equal to 0.15% of the unused balance is allocated to each participating fund. For the six months ended August 31, 2012, the Funds paid the following amounts in commitment fees:
| | | | |
| | | Commitment fee | |
Target Today Fund | | $ | 1,187 | |
Target 2010 Fund | | | 1,068 | |
Target 2015 Fund | | | 975 | |
Target 2020 Fund | | | 2,772 | |
Target 2025 Fund | | | 3,034 | |
Target 2030 Fund | | | 3,154 | |
Target 2035 Fund | | | 1,320 | |
Target 2040 Fund | | | 2,081 | |
Target 2045 Fund | | | 612 | |
Target 2050 Fund | | | 1,258 | |
Target 2055 Fund | | | 19 | |
For the six months ended August 31, 2012, there were no borrowings by the Funds under the agreement.
7. INDEMNIFICATION
Under the Trust’s organizational documents, the officers and directors are indemnified against certain liabilities that may arise out of performance of their duties to the Trust. Additionally, in the normal course of business, the Trust may enter into contracts with service providers that contain a variety of indemnification clauses. The Trust’s maximum exposure under these arrangements is dependent on future claims that may be made against the Funds and, therefore, cannot be estimated.
| | | | | | |
| Notes to financial statements (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 71 | |
8. NEW ACCOUNTING PRONOUNCEMENT
In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2011-11, Disclosures about Offsetting Assets and Liabilities. ASU 2011-11, which amends FASB ASC Topic 210, Balance Sheet, creates new disclosure requirements which require entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the Statement of Assets and Liabilities or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are effective for interim and annual reporting periods beginning on or after January 1, 2013. Management is currently assessing the potential impact, in addition to expanded financial statement disclosure, that may result from adopting this ASU.
9. SUBSEQUENT DISTRIBUTIONS
On September 24, 2012, the Funds declared distributions from net investment income to shareholders of record on September 21, 2012. The per share amounts payable on September 25, 2012 were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net investment income | | Target
Today Fund | | Target
2010 Fund | | | Target
2015
Fund | | | Target
2020
Fund | | | Target 2025 Fund | | | Target
2030 Fund | | | Target
2035 Fund | | | Target
2040 Fund | |
Class A | | $0.11761 | | $ | 0.04722 | | | | N/A | | | $ | 0.04559 | | | | N/A | | | $ | 0.04267 | | | | N/A | | | $ | 0.04350 | |
Class B | | 0.00505 | | | 0.01417 | | | | N/A | | | | 0.01650 | | | | N/A | | | | 0.01189 | | | | N/A | | | | 0.01324 | |
Class C | | 0.05942 | | | 0.02257 | | | | N/A | | | | 0.01744 | | | | N/A | | | | 0.01565 | | | | N/A | | | | 0.01871 | |
Administrator Class | | 0.13149 | | | 0.05251 | | | $ | 0.03684 | | | | 0.05120 | | | $ | 0.03330 | | | | 0.04849 | | | $ | 0.02951 | | | | 0.04959 | |
Institutional Class | | 0.15830 | | | 0.06431 | | | | 0.04572 | | | | 0.06368 | | | | 0.04170 | | | | 0.06118 | | | | 0.03754 | | | | 0.06352 | |
Investor Class | | 0.12686 | | | 0.05077 | | | | 0.03565 | | | | 0.04927 | | | | 0.03215 | | | | 0.04651 | | | | 0.02825 | | | | 0.04772 | |
| | | | | | | | | | |
| Net investment income | | Target 2045 Fund | | Target 2050 Fund | | | Target 2055 Fund | |
Administrator Class | | $0.02825 | | $ | 0.02781 | | | $ | 0.02866 | |
Institutional Class | | 0.03616 | | | 0.03549 | | | | 0.03659 | |
Investor Class | | 0.02701 | | | 0.02639 | | | | 0.02649 | |
These distributions are not reflected in the accompanying financial statements.
| | | | |
| 72 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Summary portfolio of investments—August 31, 2012 (unaudited) |
DIVERSIFIED FIXED INCOME PORTFOLIO
The Summary Portfolio of Investments shows the 50 largest portfolio holdings in unaffiliated issuers and any holdings exceeding 1% of the total net assets as of the report date. The remaining securities held are grouped as “Other securities” in each category. You can request a complete schedule of portfolio holdings as of the report date, free of charge, by accessing the following website:
http://a584.g.akamai.net/f/584/1326/1d/www.wellsfargoadvantagefunds.com/pdf/semi/holdings/diversifiedfixedincome.pdf or by calling Wells Fargo Advantage Funds at 1-800-222-8222. This complete schedule, filed on Form N-CSR, is also available on the SEC’s website at sec.gov.
| | | | | | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | | | Percent of
net assets | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
Agency Securities: 28.00% | | | | | | | | | | | | | | | | | | | | |
FHLB | | | 2.86-6.50 | % | | | 3-1-14 to 10-1-41 | | | $ | 232,472,913 | | | $ | 253,083,040 | | | | 5.28 | % |
FHLB | | | 4.50 | | | | 2-1-41 | | | | 9,441,945 | | | | 10,630,952 | | | | 0.22 | |
FHLB | | | 0.40-6.75 | | | | 9-27-13 to 7-15-32 | | | | 46,480,000 | | | | 50,329,289 | | | | 1.01 | |
FHLMC %% | | | 3.00 | | | | 9-1-27 | | | | 18,000,000 | | | | 18,914,062 | | | | 0.40 | |
FHLMC %% | | | 3.50 | | | | 9-1-42 | | | | 33,000,000 | | | | 34,923,280 | | | | 0.73 | |
FHLMC | | | 4.50 | | | | 2-1-40 | | | | 11,728,791 | | | | 12,865,549 | | | | 0.27 | |
FHLMC | | | 5.00 | | | | 8-1-39 | | | | 10,964,056 | | | | 11,912,952 | | | | 0.25 | |
FNMA | | | 0.00-7.25 | | | | 9-17-13 to 8-6-38 | | | | 50,600,000 | | | | 54,863,125 | | | | 1.14 | |
FNMA | | | 2.68-7.00 | | | | 12-1-12 to 5-25-42 | | | | 408,812,962 | | | | 444,872,122 | | | | 9.32 | |
FNMA %% | | | 3.00 | | | | 9-1-27 | | | | 12,000,000 | | | | 12,658,126 | | | | 0.27 | |
FNMA | | | 3.50 | | | | 12-1-25 | | | | 9,750,970 | | | | 10,521,352 | | | | 0.22 | |
FNMA | | | 3.50 | | | | 12-1-26 | | | | 16,426,528 | | | | 17,477,889 | | | | 0.37 | |
FNMA %% | | | 3.50 | | | | 9-1-42 | | | | 30,500,000 | | | | 32,334,664 | | | | 0.68 | |
FNMA | | | 3.50 | | | | 9-1-42 | | | | 14,868,425 | | | | 15,772,427 | | | | 0.33 | |
FNMA | | | 4.00 | | | | 5-1-41 | | | | 9,144,356 | | | | 9,819,582 | | | | 0.21 | |
FNMA | | | 4.50 | | | | 5-1-29 | | | | 12,072,262 | | | | 13,095,849 | | | | 0.27 | |
FNMA | | | 4.50 | | | | 2-1-41 | | | | 12,883,601 | | | | 14,008,188 | | | | 0.29 | |
FNMA | | | 5.00 | | | | 7-1-40 | | | | 12,323,160 | | | | 13,726,161 | | | | 0.29 | |
GNMA | | | 3.50-7.00 | | | | 11-15-23 to 7-15-42 | | | | 196,432,652 | | | | 217,452,146 | | | | 4.55 | |
GNMA | | | 3.50 | | | | 6-15-42 | | | | 13,916,107 | | | | 15,085,438 | | | | 0.32 | |
GNMA | | | 4.00 | | | | 9-15-40 | | | | 11,058,572 | | | | 12,160,416 | | | | 0.26 | |
GNMA | | | 4.50 | | | | 3-15-39 | | | | 9,676,657 | | | | 10,662,905 | | | | 0.22 | |
GNMA | | | 5.00 | | | | 9-15-39 | | | | 9,213,469 | | | | 10,373,929 | | | | 0.22 | |
Other securities | | | | | | | | | | | | | | | 40,649,589 | | | | 0.88 | |
| | | | | |
Total Agency Securities (Cost $1,274,633,629) | | | | | | | | | | | | | | | 1,338,193,032 | | | | 28.00 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
Corporate Bonds and Notes: 21.08% | | | | | | | | | | | | | | | | | | | | |
| | | | | |
Consumer Discretionary: 2.04% | | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Auto Components: 0.04% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 2,125,783 | | | | 0.04 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Automobiles: 0.03% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 1,235,000 | | | | 0.03 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Diversified Consumer Services: 0.07% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 3,422,181 | | | | 0.07 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Hotels, Restaurants & Leisure: 0.17% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 8,246,754 | | | | 0.17 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Household Durables: 0.04% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 1,667,494 | | | | 0.04 | |
| | | | | | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Summary portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 73 | |
DIVERSIFIED FIXED INCOME PORTFOLIO
| | | | | | | | | | | | | | | | | | | | |
| Security name | | | | | | | | | | | Value | | | Percent of
net assets | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Internet & Catalog Retail: 0.01% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | $ | 657,412 | | | | 0.01 | % |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Leisure Equipment & Products: 0.02% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 1,030,843 | | | | 0.02 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Media: 1.24% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 59,440,844 | | | | 1.24 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Multiline Retail: 0.19% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 9,174,922 | | | | 0.19 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Specialty Retail: 0.22% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 10,287,128 | | | | 0.22 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Textiles, Apparel & Luxury Goods: 0.01% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 328,508 | | | | 0.01 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
Consumer Staples: 1.96% | | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Beverages: 0.53% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 25,039,392 | | | | 0.53 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Food & Staples Retailing: 0.48% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 22,880,608 | | | | 0.48 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Food Products: 0.46% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 22,137,790 | | | | 0.46 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Household Products: 0.17% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 8,136,551 | | | | 0.17 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Personal Products: 0.02% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 1,134,815 | | | | 0.02 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Tobacco: 0.30% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 14,119,426 | | | | 0.30 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
Energy: 1.56% | | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Energy Equipment & Services: 0.12% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 6,007,576 | | | | 0.12 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Oil, Gas & Consumable Fuels: 1.44% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 68,768,989 | | | | 1.44 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
Financials: 7.42% | | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Capital Markets: 1.33% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 63,655,601 | | | | 1.33 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| | | Interest rate | | | Maturity date | | | Principal | | | | | | | |
| | | | | |
| Commercial Banks: 0.94% | | | | | | | | | | | | | | | | | | | | |
Wachovia Bank NA (l) | | | 5.85-6.60 | % | | | 2 -1-37 to 1-15-38 | | | $ | 1,600,000 | | | | 2,060,198 | | | | 0.05 | |
Wachovia Corporation (l) | | | 5.25-5.75 | | | | 8 -1-14 to 8-1-35 | | | | 4,900,000 | | | | 5,655,847 | | | | 0.13 | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 74 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Summary portfolio of investments—August 31, 2012 (unaudited) |
DIVERSIFIED FIXED INCOME PORTFOLIO
| | | | | | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | | | Percent of
net assets | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Commercial Banks (continued) | | | | | | | | | | | | | | | | | | | | |
Wells Fargo & Company (l) | | | 1.50-5.63 | % | | | 10 -16-13 to 4-1-21 | | | $ | 7,300,000 | | | $ | 8,047,354 | | | | 0.17 | % |
Wells Fargo Bank NA (l) | | | 5.95 | | | | 8-26-36 | | | | 350,000 | | | | 444,718 | | | | 0.01 | |
Wells Fargo Capital X (l) | | | 5.95 | | | | 12-15-36 | | | | 500,000 | | | | 507,500 | | | | 0.01 | |
Other securities | | | | | | | | | | | | | | | 28,091,147 | | | | 0.57 | |
| | | | | |
| | | | | | | | | | | | | | | 44,806,764 | | | | 0.94 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Consumer Finance: 0.97% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 46,188,407 | | | | 0.97 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Diversified Financial Services: 2.61% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 124,957,738 | | | | 2.61 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Insurance: 1.03% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 49,034,680 | | | | 1.03 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Real Estate Management & Development: 0.02% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 932,494 | | | | 0.02 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| REITs: 0.52% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 24,805,621 | | | | 0.52 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Thrifts & Mortgage Finance: 0.00% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 102,422 | | | | 0.00 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
Health Care: 1.64% | | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Biotechnology: 0.23% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 11,037,842 | | | | 0.23 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Health Care Equipment & Supplies: 0.23% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 11,080,975 | | | | 0.23 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Health Care Providers & Services: 0.42% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 20,085,055 | | | | 0.42 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Life Sciences Tools & Services: 0.07% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 3,265,028 | | | | 0.07 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Pharmaceuticals: 0.69% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 32,816,571 | | | | 0.69 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
Industrials: 1.60% | | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Aerospace & Defense: 0.46% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 21,922,466 | | | | 0.46 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Air Freight & Logistics: 0.08% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 3,852,784 | | | | 0.08 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Airlines: 0.07% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 3,157,821 | | | | 0.07 | |
| | | | | | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Summary portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 75 | |
DIVERSIFIED FIXED INCOME PORTFOLIO
| | | | | | | | | | | | | | |
| Security name | | | | | | | | Value | | | Percent of
net assets | |
| | | | | | | | | | | | | | |
| | | | | |
| Building Products: 0.01% | | | | | | | | | | | | | | |
Other securities | | | | | | | | $ | 557,858 | | | | 0.01 | % |
| | | | | | | | | | | | | | |
| | | | | |
| Commercial Services & Supplies: 0.22% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 10,257,205 | | | | 0.22 | |
| | | | | | | | | | | | | | |
| | | | | |
| Construction & Engineering: 0.01% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 502,007 | | | | 0.01 | |
| | | | | | | | | | | | | | |
| | | | | |
| Electrical Equipment: 0.06% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 2,864,841 | | | | 0.06 | |
| | | | | | | | | | | | | | |
| | | | | |
| Industrial Conglomerates: 0.11% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 5,159,823 | | | | 0.11 | |
| | | | | | | | | | | | | | |
| | | | | |
| Machinery: 0.24% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 11,619,421 | | | | 0.24 | |
| | | | | | | | | | | | | | |
| | | | | |
| Road & Rail: 0.34% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 16,425,875 | | | | 0.34 | |
| | | | | | | | | | | | | | |
| | | | | |
Information Technology: 1.14% | | | | | | | | | | | | | | |
| | | | | |
| Communications Equipment: 0.17% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 8,089,445 | | | | 0.17 | |
| | | | | | | | | | | | | | |
| | | | | |
| Computers & Peripherals: 0.20% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 9,673,622 | | | | 0.20 | |
| | | | | | | | | | | | | | |
| | | | | |
| Electronic Equipment, Instruments & Components: 0.06% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 2,730,379 | | | | 0.06 | |
| | | | | | | | | | | | | | |
| | | | | |
| Internet Software & Services: 0.04% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 1,782,543 | | | | 0.04 | |
| | | | | | | | | | | | | | |
| | | | | |
| IT Services: 0.22% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 10,583,846 | | | | 0.22 | |
| | | | | | | | | | | | | | |
| | | | | |
| Office Electronics: 0.07% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 3,578,631 | | | | 0.07 | |
| | | | | | | | | | | | | | |
| | | | | |
| Semiconductors & Semiconductor Equipment: 0.11% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 5,521,870 | | | | 0.11 | |
| | | | | | | | | | | | | | |
| | | | | |
| Software: 0.27% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 12,735,810 | | | | 0.27 | |
| | | | | | | | | | | | | | |
| | | | | |
Materials: 0.82% | | | | | | | | | | | | | | |
| | | | | |
| Chemicals: 0.41% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 19,504,300 | | | | 0.41 | |
| | | | | | | | | | | | | | |
| | | | | |
| Construction Materials: 0.00% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 138,675 | | | | 0.00 | |
| | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 76 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Summary portfolio of investments—August 31, 2012 (unaudited) |
DIVERSIFIED FIXED INCOME PORTFOLIO
| | | | | | | | | | | | | | | | | | | | |
| Security name | | | | | | | | | | | Value | | | Percent of
net assets | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Containers & Packaging: 0.02% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | $ | 777,894 | | | | 0.02 | % |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Metals & Mining: 0.28% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 13,522,110 | | | | 0.28 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Paper & Forest Products: 0.11% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 5,232,100 | | | | 0.11 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
Telecommunication Services: 0.95% | | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Diversified Telecommunication Services: 0.95% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 45,333,956 | | | | 0.95 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
Utilities: 1.95% | | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Electric Utilities: 1.54% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 73,557,274 | | | | 1.54 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Gas Utilities: 0.10% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 5,067,360 | | | | 0.10 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
Independent Power Producers & Energy Traders: 0.02% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 908,082 | | | | 0.02 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Multi-Utilities: 0.27% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 12,732,636 | | | | 0.27 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Water Utilities: 0.02% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 892,714 | | | | 0.02 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | |
Total Corporate Bonds and Notes (Cost $901,780,216) | | | | | | | | | | | | 1,007,294,562 | | | | 21.08 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| | | Interest rate | | | Maturity date | | | Principal | | | | | | | |
| Foreign Government Bonds @: 24.44% | | | | | | | | | | | | | | | | | | | | |
Germany Government Bond (EUR) | | | 2.25-6.50 | % | | | 1- 4-14 to 7-4-42 | | | | 44,855,000 | | | | 69,743,088 | | | | 1.47 | |
France Government Bond (EUR) | | | 2.50-8.50 | | | | 10-25-13 to 4-25-60 | | | | 57,900,000 | | | | 84,931,689 | | | | 1.78 | |
Italy Buoni Poliennali del Tesoro (EUR) 144A | | | 2.25-9.00 | | | | 8-1-13 to 9-1-40 | | | | 77,630,000 | | | | 94,363,410 | | | | 2.01 | |
Japan Government Five Year Bond Series 66 (JPY) | | | 0.40 | | | | 9-20-16 | | | | 1,525,000,000 | | | | 19,667,212 | | | | 0.41 | |
Japan Government Five Year Bond Series 78 (JPY) | | | 0.90 | | | | 12-20-13 | | | | 880,000,000 | | | | 11,354,838 | | | | 0.24 | |
Japan Government Ten Year Bond Series 253 (JPY) | | | 1.60 | | | | 9-20-13 | | | | 1,037,000,000 | | | | 13,452,285 | | | | 0.28 | |
Japan Government Ten Year Bond Series 308 (JPY) | | | 1.30 | | | | 6-20-20 | | | | 758,000,000 | | | | 10,237,923 | | | | 0.21 | |
Japan Government Two Year Bond Series 315 (JPY) | | | 1.20 | | | | 6-20-21 | | | | 865,000,000 | | | | 11,540,456 | | | | 0.24 | |
Other securities | | | | | | | | | | | | | | | 852,930,113 | | | | 17.80 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | |
Total Foreign Government Bonds (Cost $1,102,379,517) | | | | | | | | | | | | 1,168,221,014 | | | | 24.44 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| U.S. Treasury Securities: 21.66% | | | | | | | | | | | | | | | | | | | | |
U.S. Treasury Bond | | | 2.75-8.50 | | | | 2-15-20 to 5-15-42 | | | $ | 105,100,000 | | | | 140,704,973 | | | | 2.84 | |
U.S. Treasury Bond | | | 3.63 | | | | 2-15-20 | | | | 13,000,000 | | | | 15,380,625 | | | | 0.32 | |
U.S. Treasury Bond | | | 4.25 | | | | 11-15-40 | | | | 9,500,000 | | | | 12,688,438 | | | | 0.27 | |
U.S. Treasury Bond | | | 4.38 | | | | 11-15-39 | | | | 7,800,000 | | | | 10,599,467 | | | | 0.22 | |
U.S. Treasury Note | | | 0.25-11.25 | | | | 9-30-13 to 8-15-42 | | | | 465,145,000 | | | | 502,532,068 | | | | 10.62 | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Summary portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 77 | |
DIVERSIFIED FIXED INCOME PORTFOLIO
| | | | | | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | | | Percent of
net assets | |
| | | | | |
| U.S. Treasury Securities (continued) | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
U.S. Treasury Note | | | 0.13 | % | | | 12-31-13 | | | $ | 20,000,000 | | | $ | 19,978,120 | | | | 0.42 | % |
U.S. Treasury Note | | | 0.25 | | | | 11-30-13 | | | | 10,000,000 | | | | 10,005,470 | | | | 0.21 | |
U.S. Treasury Note | | | 0.25 | | | | 2-28-14 | | | | 20,000,000 | | | | 20,010,940 | | | | 0.42 | |
U.S. Treasury Note | | | 0.25 | | | | 4-30-14 | | | | 15,000,000 | | | | 15,005,865 | | | | 0.31 | |
U.S. Treasury Note | | | 0.25 | | | | 6-30-14 | | | | 20,000,000 | | | | 20,008,600 | | | | 0.42 | |
U.S. Treasury Note | | | 0.25 | | | | 7-15-15 | | | | 15,000,000 | | | | 14,984,760 | | | | 0.31 | |
U.S. Treasury Note | | | 0.38 | | | | 3-15-15 | | | | 30,000,000 | | | | 30,084,360 | | | | 0.63 | |
U.S. Treasury Note | | | 0.63 | | | | 7-15-14 | | | | 10,000,000 | | | | 10,072,660 | | | | 0.21 | |
U.S. Treasury Note | | | 0.75 | | | | 9-15-13 | | | | 11,000,000 | | | | 11,062,733 | | | | 0.23 | |
U.S. Treasury Note | | | 0.75 | | | | 6-30-17 | | | | 15,000,000 | | | | 15,126,570 | | | | 0.32 | |
U.S. Treasury Note | | | 1.00 | | | | 3-31-17 | | | | 12,000,000 | | | | 12,255,000 | | | | 0.26 | |
U.S. Treasury Note | | | 1.25 | | | | 2-15-14 | | | | 15,000,000 | | | | 15,223,245 | | | | 0.32 | |
U.S. Treasury Note | | | 1.25 | | | | 4-30-19 | | | | 12,000,000 | | | | 12,244,692 | | | | 0.26 | |
U.S. Treasury Note | | | 1.38 | | | | 12-31-18 | | | | 10,000,000 | | | | 10,313,280 | | | | 0.22 | |
U.S. Treasury Note | | | 1.75 | | | | 3-31-14 | | | | 10,000,000 | | | | 10,239,060 | | | | 0.21 | |
U.S. Treasury Note | | | 2.00 | | | | 11-15-21 | | | | 21,000,000 | | | | 22,036,875 | | | | 0.46 | |
U.S. Treasury Note | | | 2.13 | | | | 8-15-21 | | | | 10,000,000 | | | | 10,632,810 | | | | 0.22 | |
U.S. Treasury Note | | | 2.25 | | | | 5-31-14 | | | | 13,500,000 | | | | 13,973,553 | | | | 0.29 | |
U.S. Treasury Note | | | 2.38 | | | | 2-28-15 | | | | 10,000,000 | | | | 10,524,220 | | | | 0.22 | |
U.S. Treasury Note | | | 2.63 | | | | 8-15-20 | | | | 12,000,000 | | | | 13,315,308 | | | | 0.28 | |
U.S. Treasury Note | | | 2.63 | | | | 11-15-20 | | | | 10,000,000 | | | | 11,087,500 | | | | 0.23 | |
U.S. Treasury Note | | | 2.75 | | | | 2-15-19 | | | | 8,950,000 | | | | 9,998,833 | | | | 0.21 | |
U.S. Treasury Note | | | 3.63 | | | | 8-15-19 | | | | 9,500,000 | | | | 11,203,322 | | | | 0.23 | |
U.S. Treasury Note | | | 3.63 | | | | 2-15-21 | | | | 20,000,000 | | | | 23,787,500 | | | | 0.50 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | |
Total U.S. Treasury Securities (Cost $966,152,754) | | | | | | | | | | | | 1,035,080,847 | | | | 21.66 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
Yankee Corporate Bonds and Notes: 3.68% | | | | | | | | | | | | | | | | | | | | |
| | | | | |
Consumer Discretionary: 0.05% | | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Media: 0.05% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 2,271,116 | | | | 0.05 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
Consumer Staples: 0.06% | | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Beverages: 0.06% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 2,797,831 | | | | 0.06 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
Energy: 0.66% | | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Energy Equipment & Services: 0.04% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 1,895,871 | | | | 0.04 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Oil, Gas & Consumable Fuels: 0.62% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 29,751,723 | | | | 0.62 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
Financials: 1.65% | | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Capital Markets: 0.18% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 8,731,648 | | | | 0.18 | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Commercial Banks: 0.77% | | | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | | | 36,839,732 | | | | 0.77 | |
| | | | | | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 78 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Summary portfolio of investments—August 31, 2012 (unaudited) |
DIVERSIFIED FIXED INCOME PORTFOLIO
| | | | | | | | | | | | | | |
| Security name | | | | | | | | Value | | | Percent of
net assets | |
| | | | | | | | | | | | | | |
| | | | | |
| Diversified Financial Services: 0.65% | | | | | | | | | | | | | | |
Other securities | | | | | | | | $ | 30,951,257 | | | | 0.65 | % |
| | | | | | | | | | | | | | |
| | | | | |
| Insurance: 0.05% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 2,106,641 | | | | 0.05 | |
| | | | | | | | | | | | | | |
| | | | | |
| Real Estate Management & Development: 0.00% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 137,407 | | | | 0.00 | |
| | | | | | | | | | | | | | |
| | | | | |
Health Care: 0.15% | | | | | | | | | | | | | | |
| | | | | |
| Pharmaceuticals: 0.15% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 7,066,610 | | | | 0.15 | |
| | | | | | | | | | | | | | |
| | | | | |
Industrials: 0.12% | | | | | | | | | | | | | | |
| | | | | |
| Aerospace & Defense: 0.01% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 774,500 | | | | 0.01 | |
| | | | | | | | | | | | | | |
| | | | | |
| Commercial Services & Supplies: 0.02% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 870,789 | | | | 0.02 | |
| | | | | | | | | | | | | | |
| | | | | |
| Industrial Conglomerates: 0.06% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 2,719,694 | | | | 0.06 | |
| | | | | | | | | | | | | | |
| | | | | |
| Road & Rail: 0.03% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 1,599,871 | | | | 0.03 | |
| | | | | | | | | | | | | | |
| | | | | |
Materials: 0.34% | | | | | | | | | | | | | | |
| | | | | |
| Chemicals: 0.04% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 1,973,142 | | | | 0.04 | |
| | | | | | | | | | | | | | |
| | | | | |
| Metals & Mining: 0.28% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 13,353,525 | | | | 0.28 | |
| | | | | | | | | | | | | | |
| | | | | |
| Paper & Forest Products: 0.02% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 1,017,286 | | | | 0.02 | |
| | | | | | | | | | | | | | |
| | | | | |
Telecommunication Services: 0.60% | | | | | | | | | | | | | | |
| | | | | |
| Diversified Telecommunication Services: 0.37% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 17,635,306 | | | | 0.37 | |
| | | | | | | | | | | | | | |
| | | | | |
| Wireless Telecommunication Services: 0.23% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 11,131,677 | | | | 0.23 | |
| | | | | | | | | | | | | | |
| | | | | |
Utilities: 0.05% | | | | | | | | | | | | | | |
| | | | | |
| Electric Utilities: 0.01% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 266,764 | | | | 0.01 | |
| | | | | | | | | | | | | | |
| | | | | |
| Independent Power Producers & Energy Traders: 0.01% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 510,527 | | | | 0.01 | |
| | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Summary portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 79 | |
DIVERSIFIED FIXED INCOME PORTFOLIO
| | | | | | | | | | | | | | | | | | |
| Security name | | | | | | | | | | Value | | | Percent of
net assets | |
| | | | | | | | | | | | | | | | | | |
| | | | | |
| Multi-Utilities: 0.02% | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | $ | 1,270,674 | | | | 0.02 | % |
| | | | | | | | | | | | | | | | | | |
| | | | | |
| Water Utilities: 0.01% | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | 269,870 | | | | 0.01 | |
| | | | | | | | | | | | | | | | | | |
| | | | |
Total Yankee Corporate Bonds and Notes (Cost $161,537,695) | | | | | | | | | | 175,943,461 | | | | 3.68 | |
| | | | | | | | | | | | | | | | | | |
| | | | | |
| Other: 0.01% | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | 385,167 | | | | 0.01 | |
| | | | | | | | | | | | | | | | | | |
| | | | | |
| | | Yield | | | | | Shares | | | | | | | |
| Short-Term Investments: 3.69% | | | | | | | | | | | | | | | | | | |
| | | | | |
| Investment Companies: 3.69% | | | | | | | | | | | | | | | | | | |
Wells Fargo Advantage Cash Investment Money Market Fund, Select
Class (l)(u)## | | | 0.16 | % | | | | | 169,874,378 | | | | 169,874,378 | | | | 3.55 | |
Wells Fargo Securities Lending Cash Investments, LLC (l)(u)(v)(r) | | | 0.19 | | | | | | 6,632,384 | | | | 6,632,384 | | | | 0.14 | |
| | | | | |
Total Short-Term Investments (Cost $176,506,762) | | | | | | | | | | | | | 176,506,762 | | | | 3.69 | |
| | | | | | | | | | | | | | | | | | |
Total investments in securities (Cost $4,583,152,627)* | | | | | | | | | | | | | 4,901,624,845 | | | | 102.56 | |
Other assets and liabilities, net | | | | | | | | | | | | | (122,308,881 | ) | | | (2.56 | ) |
| | | | | | | | | | | | | | | | | | |
| Total Net Assets | | | | | | | | | | | | $ | 4,779,315,964 | | | | 100.00 | % |
| | | | | | | | | | | | | | | | | | |
| %% | Security issued on a when-issued basis |
| (l) | Investment in an affiliate |
| @ | Foreign bond principal is denominated in local currency. |
| (v) | Security represents investment of cash collateral received from securities on loan. |
| (u) | Rate shown is the 7-day annualized yield at period end. |
| ## | All or a portion of this security has been segregated for when-issued securities. |
| (r) | The investment company is exempt from registration under Section 3(c)(7) of the 1940 Act. |
| * | Cost for federal income tax purposes is $4,585,180,634 and unrealized appreciation (depreciation) consists of: |
| | | | |
Gross unrealized appreciation | | $ | 345,632,197 | |
Gross unrealized depreciation | | | (29,187,986 | ) |
| | | | |
Net unrealized appreciation | | $ | 316,444,211 | |
The following table shows the percent of total long-term investments by geographic location as of August 31, 2012:
| | | | |
United States | | | 71.22 | % |
Japan | | | 12.31 | % |
United Kingdom | | | 3.70 | % |
France | | | 2.50 | % |
Germany | | | 2.07 | % |
Italy | | | 2.05 | % |
Canada | | | 1.68 | % |
Netherlands | | | 0.97 | % |
Spain | | | 0.95 | % |
Other | | | 2.55 | % |
| | | | |
| | | 100.00 | % |
| | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 80 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Summary portfolio of investments—August 31, 2012 (unaudited) |
DIVERSIFIED STOCK PORTFOLIO
The Summary portfolio of investments shows the 50 largest portfolio holdings in unaffiliated issuers and any holdings exceeding 1% of the total net assets as of the report date. The remaining securities held are grouped as “Other securities” in each category. You can request a complete schedule of portfolio holdings as of the report date, free of charge, by accessing the following website: http://a584.g.akamai.net/f/584/1326/1d/www.wellsfargoadvantagefunds.com/pdf/semi/holdings/diversifiedstock.pdf or by calling Wells Fargo Advantage Funds at 1-800-222-8222. This complete schedule, filed on Form N-CSR, is also available on the SEC’s website at sec.gov.
| | | | | | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | | | Percent of
net assets | |
| | | | | | | | | | | | | | | | |
| | | | | |
Common Stocks: 96.21% | | | | | | | | | | | | | | | | |
| | | | | |
Consumer Discretionary: 12.54% | | | | | | | | | | | | | | | | |
| | | | | |
| Auto Components: 0.71% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | $ | 51,060,014 | | | | 0.71 | % |
| | | | | | | | | | | | | | | | |
| | | | | |
| Automobiles: 0.99% | | | | | | | | | | | | | | | | |
Toyota Motor Corporation | | | | | | | 520,714 | | | | 20,583,815 | | | | 0.29 | |
Other securities | | | | | | | | | | | 51,239,122 | | | | 0.70 | |
| | | | | |
| | | | | | | | | | | 71,822,937 | | | | 0.99 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Distributors: 0.22% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 15,653,222 | | | | 0.22 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Diversified Consumer Services: 0.42% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 30,131,814 | | | | 0.42 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Hotels, Restaurants & Leisure: 1.86% | | | | | | | | | | | | | | | | |
McDonald’s Corporation | | | | | | | 127,314 | | | | 11,393,330 | | | | 0.16 | |
Other securities | | | | | | | | | | | 122,675,276 | | | | 1.70 | |
| | | | | |
| | | | | | | | | | | 134,068,606 | | | | 1.86 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Household Durables: 0.88% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 63,683,669 | | | | 0.88 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Internet & Catalog Retail: 0.67% | | | | | | | | | | | | | | | | |
Amazon.com Incorporated † | | | | | | | 73,327 | | | | 18,201,961 | | | | 0.25 | |
Other securities | | | | | | | | | | | 30,379,592 | | | | 0.42 | |
| | | | | |
| | | | | | | | | | | 48,581,553 | | | | 0.67 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Leisure Equipment & Products: 0.35% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 25,592,528 | | | | 0.35 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Media: 2.47% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 178,126,604 | | | | 2.47 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Multiline Retail: 0.71% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 51,278,278 | | | | 0.71 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Specialty Retail: 2.02% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 146,104,471 | | | | 2.02 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Textiles, Apparel & Luxury Goods: 1.24% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 89,936,439 | | | | 1.24 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Summary portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 81 | |
DIVERSIFIED STOCK PORTFOLIO
| | | | | | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | | | Percent of
net assets | |
| | | | | | | | | | | | | | | | |
| | | | | |
Consumer Staples: 7.43% | | | | | | | | | | | | | | | | |
| | | | | |
| Beverages: 1.61% | | | | | | | | | | | | | | | | |
Coca-Cola Company | | | | | | | 520,266 | | | $ | 19,457,948 | | | | 0.27 | % |
PepsiCo Incorporated | | | | | | | 325,163 | | | | 23,551,556 | | | | 0.33 | |
Other securities | | | | | | | | | | | 73,119,680 | | | | 1.01 | |
| | | | | |
| | | | | | | | | | | 116,129,184 | | | | 1.61 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Food & Staples Retailing: 1.57% | | | | | | | | | | | | | | | | |
Wal-Mart Stores Incorporated | | | | | | | 216,943 | | | | 15,750,062 | | | | 0.22 | |
Other securities | | | | | | | | | | | 97,749,348 | | | | 1.35 | |
| | | | | |
| | | | | | | | | | | 113,499,410 | | | | 1.57 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Food Products: 2.02% | | | | | | | | | | | | | | | | |
Nestle SA | | | | | | | 306,956 | | | | 19,082,265 | | | | 0.26 | |
Other securities | | | | | | | | | | | 126,446,964 | | | | 1.76 | |
| | | | | |
| | | | | | | | | | | 145,529,229 | | | | 2.02 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Household Products: 0.90% | | | | | | | | | | | | | | | | |
Procter & Gamble Company | | | | | | | 571,582 | | | | 38,404,595 | | | | 0.53 | |
Other securities | | | | | | | | | | | 26,882,650 | | | | 0.37 | |
| | | | | |
| | | | | | | | | | | 65,287,245 | | | | 0.90 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Personal Products: 0.53% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 38,345,432 | | | | 0.53 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Tobacco: 0.80% | | | | | | | | | | | | | | | | |
Philip Morris International Incorporated | | | | | | | 214,250 | | | | 19,132,525 | | | | 0.26 | |
Other securities | | | | | | | | | | | 38,594,114 | | | | 0.54 | |
| | | | | |
| | | | | | | | | | | 57,726,639 | | | | 0.80 | |
| | | | | | | | | | | | | | | | |
| | | | | |
Energy: 7.58% | | | | | | | | | | | | | | | | |
| | | | | |
| Energy Equipment & Services: 1.36% | | | | | | | | | | | | | | | | |
Schlumberger Limited | | | | | | | 277,605 | | | | 20,093,050 | | | | 0.28 | |
Other securities | | | | | | | | | | | 78,634,664 | | | | 1.08 | |
| | | | | |
| | | | | | | | | | | 98,727,714 | | | | 1.36 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Oil, Gas & Consumable Fuels: 6.22% | | | | | | | | | | | | | | | | |
BP plc | | | | | | | 1,804,655 | | | | 12,646,987 | | | | 0.18 | |
Chevron Corporation | | | | | | | 245,723 | | | | 27,560,292 | | | | 0.38 | |
Exxon Mobil Corporation | | | | | | | 585,831 | | | | 51,143,046 | | | | 0.71 | |
Gazprom ADR | | | | | | | 1,894,171 | | | | 18,447,331 | | | | 0.26 | |
Occidental Petroleum Corporation | | | | | | | 168,462 | | | | 14,320,955 | | | | 0.20 | |
Other securities | | | | | | | | | | | 325,097,981 | | | | 4.49 | |
| | | | | |
| | | | | | | | | | | 449,216,592 | | | | 6.22 | |
| | | | | | | | | | | | | | | | |
| | | | | |
Financials: 19.75% | | | | | | | | | | | | | | | | |
| | | | | |
| Capital Markets: 1.08% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 78,026,197 | | | | 1.08 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 82 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Summary portfolio of investments—August 31, 2012 (unaudited) |
DIVERSIFIED STOCK PORTFOLIO
| | | | | | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | | | Percent of
net assets | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Commercial Banks: 7.20% | | | | | | | | | | | | | | | | |
Australia & New Zealand Banking Group Limited « | | | | | | | 485,220 | | | $ | 12,442,387 | | | | 0.17 | % |
Commonwealth Bank of Australia | | | | | | | 280,103 | | | | 15,841,116 | | | | 0.22 | |
HSBC Holdings plc | | | | | | | 1,710,701 | | | | 14,861,087 | | | | 0.21 | |
Mitsubishi UFJ Financial Group Incorporated | | | | | | | 2,483,270 | | | | 11,291,195 | | | | 0.16 | |
Wells Fargo & Company (l) | | | | | | | 620,620 | | | | 21,119,699 | | | | 0.29 | |
Westpac Banking Corporation | | | | | | | 552,138 | | | | 14,129,828 | | | | 0.20 | |
Other securities | | | | | | | | | | | 430,228,121 | | | | 5.95 | |
| | | | | |
| | | | | | | | | | | 519,913,433 | | | | 7.20 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Consumer Finance: 0.28% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 20,140,359 | | | | 0.28 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Diversified Financial Services: 1.55% | | | | | | | | | | | | | | | | |
Bank of America Corporation | | | | | | | 2,232,466 | | | | 17,837,403 | | | | 0.25 | |
JPMorgan Chase & Company | | | | | | | 472,477 | | | | 17,547,796 | | | | 0.24 | |
Other securities | | | | | | | | | | | 76,487,602 | | | | 1.06 | |
| | | | | |
| | | | | | | | | | | 111,872,801 | | | | 1.55 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Insurance: 3.30% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 238,844,128 | | | | 3.30 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Real Estate Management & Development: 0.96% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 69,460,430 | | | | 0.96 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| REITs: 4.97% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 358,878,508 | | | | 4.97 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Thrifts & Mortgage Finance: 0.41% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 29,368,940 | | | | 0.41 | |
| | | | | | | | | | | | | | | | |
| | | | | |
Health Care: 8.89% | | | | | | | | | | | | | | | | |
| | | | | |
| Biotechnology: 1.04% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 75,104,999 | | | | 1.04 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Health Care Equipment & Supplies: 1.37% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 99,156,875 | | | | 1.37 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Health Care Providers & Services: 1.92% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 138,382,225 | | | | 1.92 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Health Care Technology: 0.15% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 11,062,447 | | | | 0.15 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Life Sciences Tools & Services: 0.45% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 32,104,711 | | | | 0.45 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Pharmaceuticals: 3.96% | | | | | | | | | | | | | | | | |
Abbott Laboratories | | | | | | | 196,294 | | | | 12,865,109 | | | | 0.18 | |
GlaxoSmithKline plc | | | | | | | 490,873 | | | | 11,106,923 | | | | 0.15 | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Summary portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 83 | |
DIVERSIFIED STOCK PORTFOLIO
| | | | | | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | | | Percent of
net assets | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Pharmaceuticals (continued) | | | | | | | | | | | | | | | | |
Johnson & Johnson | | | | | | | 340,676 | | | $ | 22,971,783 | | | | 0.32 | % |
Merck & Company Incorporated | | | | | | | 377,858 | | | | 16,266,787 | | | | 0.23 | |
Novartis AG | | | | | | | 251,316 | | | | 14,807,295 | | | | 0.21 | |
Pfizer Incorporated | | | | | | | 932,550 | | | | 22,250,643 | | | | 0.31 | |
Roche Holding AG Genusschein | | | | | | | 67,552 | | | | 12,297,620 | | | | 0.17 | |
Other securities | | | | | | | | | | | 173,550,500 | | | | 2.39 | |
| | | | | |
| | | | | | | | | | | 286,116,660 | | | | 3.96 | |
| | | | | | | | | | | | | | | | |
| | | | | |
Industrials: 11.77% | | | | | | | | | | | | | | | | |
| | | | | |
| Aerospace & Defense: 1.31% | | | | | | | | | | | | | | | | |
United Technologies Corporation | | | | | | | 164,459 | | | | 13,132,051 | | | | 0.18 | |
Other securities | | | | | | | | | | | 81,339,876 | | | | 1.13 | |
| | | | | |
| | | | | | | | | | | 94,471,927 | | | | 1.31 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Air Freight & Logistics: 0.48% | | | | | | | | | | | | | | | | |
United Parcel Service Incorporated Class B | | | | | | | 151,300 | | | | 11,167,453 | | | | 0.15 | |
Other securities | | | | | | | | | | | 23,865,762 | | | | 0.33 | |
| | | | | |
| | | | | | | | | | | 35,033,215 | | | | 0.48 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Airlines: 0.42% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 30,200,382 | | | | 0.42 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Building Products: 0.36% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 26,447,350 | | | | 0.36 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Commercial Services & Supplies: 1.38% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 99,552,353 | | | | 1.38 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Construction & Engineering: 0.77% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 55,640,466 | | | | 0.77 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Electrical Equipment: 1.06% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 76,429,101 | | | | 1.06 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Industrial Conglomerates: 1.00% | | | | | | | | | | | | | | | | |
General Electric Company | | | | | | | 1,322,607 | | | | 27,391,191 | | | | 0.38 | |
Other securities | | | | | | | | | | | 44,835,042 | | | | 0.62 | |
| | | | | |
| | | | | | | | | | | 72,226,233 | | | | 1.00 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Machinery: 2.68% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 193,522,125 | | | | 2.68 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Marine: 0.14% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 9,924,456 | | | | 0.14 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Professional Services: 0.07% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 5,052,092 | | | | 0.07 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 84 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Summary portfolio of investments—August 31, 2012 (unaudited) |
DIVERSIFIED STOCK PORTFOLIO
| | | | | | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | | | Percent of
net assets | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Road & Rail: 1.15% | | | | | | | | | | | | | | | | |
Union Pacific Corporation | | | | | | | 99,100 | | | $ | 12,034,704 | | | | 0.17 | % |
Other securities | | | | | | | | | | | 71,043,890 | | | | 0.98 | |
| | | | | |
| | | | | | | | | | | 83,078,594 | | | | 1.15 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Trading Companies & Distributors: 0.79% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 57,315,686 | | | | 0.79 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Transportation Infrastructure: 0.16% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 11,345,635 | | | | 0.16 | |
| | | | | | | | | | | | | | | | |
| | | | | |
Information Technology: 14.51% | | | | | | | | | | | | | | | | |
| | | | | |
| Communications Equipment: 1.29% | | | | | | | | | | | | | | | | |
Cisco Systems Incorporated | | | | | | | 1,118,249 | | | | 21,336,191 | | | | 0.30 | |
Qualcomm Incorporated | | | | | | | 356,597 | | | | 21,916,452 | | | | 0.30 | |
Other securities | | | | | | | | | | | 49,584,861 | | | | 0.69 | |
| | | | | |
| | | | | | | | | | | 92,837,504 | | | | 1.29 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Computers & Peripherals: 2.67% | | | | | | | | | | | | | | | | |
Apple Incorporated | | | | | | | 193,588 | | | | 128,782,481 | | | | 1.78 | |
EMC Corporation † | | | | | | | 438,420 | | | | 11,526,062 | | | | 0.16 | |
Other securities | | | | | | | | | | | 52,815,189 | | | | 0.73 | |
| | | | | |
| | | | | | | | | | | 193,123,732 | | | | 2.67 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Electronic Equipment, Instruments & Components: 1.43% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 103,114,726 | | | | 1.43 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Internet Software & Services: 1.54% | | | | | | | | | | | | | | | | |
Google Incorporated Class A † | | | | | | | 53,642 | | | | 36,749,598 | | | | 0.51 | |
Other securities | | | | | | | | | | | 74,328,205 | | | | 1.03 | |
| | | | | |
| | | | | | | | | | | 111,077,803 | | | | 1.54 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| IT Services: 2.28% | | | | | | | | | | | | | | | | |
International Business Machines Corporation | | | | | | | 229,846 | | | | 44,785,493 | | | | 0.62 | |
Visa Incorporated « | | | | | | | 108,811 | | | | 13,955,011 | | | | 0.19 | |
Other securities | | | | | | | | | | | 105,983,575 | | | | 1.47 | |
| | | | | |
| | | | | | | | | | | 164,724,079 | | | | 2.28 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Office Electronics: 0.14% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 10,239,372 | | | | 0.14 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Semiconductors & Semiconductor Equipment: 2.57% | | | | | | | | | | | | | | | | |
Intel Corporation | | | | | | | 626,534 | | | | 15,556,839 | | | | 0.22 | |
Samsung Electronics Company Limited | | | | | | | 22,630 | | | | 24,592,081 | | | | 0.34 | |
Taiwan Semiconductor Manufacturing Company Limited | | | | | | | 5,166,298 | | | | 14,368,556 | | | | 0.20 | |
Other securities | | | | | | | | | | | 131,277,361 | | | | 1.81 | |
| | | | | |
| | | | | | | | | | | 185,794,837 | | | | 2.57 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Summary portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 85 | |
DIVERSIFIED STOCK PORTFOLIO
| | | | | | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | | | Percent of
net assets | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Software: 2.59% | | | | | | | | | | | | | | | | |
Microsoft Corporation | | | | | | | 936,171 | | | $ | 28,852,790 | | | | 0.40 | % |
Oracle Corporation | | | | | | | 794,615 | | | | 25,149,565 | | | | 0.35 | |
Other securities | | | | | | | | | | | 133,035,518 | | | | 1.84 | |
| | | | | |
| | | | | | | | | | | 187,037,873 | | | | 2.59 | |
| | | | | | | | | | | | | | | | |
| | | | | |
Materials: 6.56% | | | | | | | | | | | | | | | | |
| | | | | |
| Chemicals: 2.74% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 197,756,344 | | | | 2.74 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Construction Materials: 0.39% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 27,979,793 | | | | 0.39 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Containers & Packaging: 0.43% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 31,475,476 | | | | 0.43 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Metals & Mining: 2.68% | | | | | | | | | | | | | | | | |
BHP Billiton Limited | | | | | | | 570,695 | | | | 18,743,808 | | | | 0.26 | |
Other securities | | | | | | | | | | | 174,639,097 | | | | 2.42 | |
| | | | | |
| | | | | | | | | | | 193,382,905 | | | | 2.68 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Paper & Forest Products: 0.32% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 23,028,614 | | | | 0.32 | |
| | | | | | | | | | | | | | | | |
| | | | | |
Telecommunication Services: 2.87% | | | | | | | | | | | | | | | | |
| | | | | |
| Diversified Telecommunication Services: 1.59% | | | | | | | | | | | | | | | | |
AT&T Incorporated | | | | | | | 734,498 | | | | 26,912,007 | | | | 0.37 | |
Verizon Communications Incorporated | | | | | | | 351,224 | | | | 15,081,559 | | | | 0.21 | |
Other securities | | | | | | | | | | | 73,095,703 | | | | 1.01 | |
| | | | | |
| | | | | | | | | | | 115,089,269 | | | | 1.59 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Wireless Telecommunication Services: 1.28% | | | | | | | | | | | | | | | | |
China Mobile Limited | | | | | | | 1,093,500 | | | | 11,673,850 | | | | 0.16 | |
Vodafone Group plc | | | | | | | 4,524,924 | | | | 13,040,603 | | | | 0.18 | |
Other securities | | | | | | | | | | | 67,782,559 | | | | 0.94 | |
| | | | | |
| | | | | | | | | | | 92,497,012 | | | | 1.28 | |
| | | | | | | | | | | | | | | | |
| | | | | |
Utilities: 4.31% | | | | | | | | | | | | | | | | |
| | | | | |
| Electric Utilities: 1.83% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 132,347,504 | | | | 1.83 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Gas Utilities: 0.78% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 56,018,145 | | | | 0.78 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Independent Power Producers & Energy Traders: 0.27% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 19,677,971 | | | | 0.27 | |
| | | | | | | | | | | | | | | | |
| | | | | |
| Multi-Utilities: 1.28% | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | 92,540,439 | | | | 1.28 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 86 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Summary portfolio of investments—August 31, 2012 (unaudited) |
DIVERSIFIED STOCK PORTFOLIO
| | | | | | | | | | | | | | |
| Security name | | | | | | | | Value | | | Percent of
net assets | |
| | | | | | | | | | | | | | |
| | | | | |
| Water Utilities: 0.15% | | | | | | | | | | | | | | |
Other securities | | | | | | | | $ | 10,485,149 | | | | 0.15 | % |
| | | | | | | | | | | | | | |
| | | | | |
Total Common Stocks (Cost $6,353,480,085) | | | | | | | | | 6,949,402,455 | | | | 96.21 | |
| | | | | | | | | | | | | | |
| | | | | |
Foreign Corporate Bonds and Notes: 0.00% | | | | | | | | | | | | | | |
| | | | | |
Materials: 0.00% | | | | | | | | | | | | | | |
| | | | | |
| Chemicals: 0.00% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 6,757 | | | | 0.00 | |
| | | | | | | | | | | | | | |
| | | | | |
Total Foreign Corporate Bonds and Notes (Cost $7,063) | | | | | | | | | 6,757 | | | | 0.00 | |
| | | | | | | | | | | | | | |
| | | | | |
Foreign Government Bonds: 0.00% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 10,027 | | | | 0.00 | |
| | | | | |
Total Foreign Government Bonds (Cost $34,489) | | | | | | | | | 10,027 | | | | 0.00 | |
| | | | | | | | | | | | | | |
| | | | | |
Investment Companies: 0.01% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 581,002 | | | | 0.01 | |
| | | | | |
Total Investment Companies (Cost $421,726) | | | | | | | | | 581,002 | | | | 0.01 | |
| | | | | | | | | | | | | | |
| | | | | |
Preferred Stocks: 0.75% | | | | | | | | | | | | | | |
| | | | | |
Consumer Discretionary: 0.05% | | | | | | | | | | | | | | |
| | | | | |
| Automobiles: 0.05% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 3,554,994 | | | | 0.05 | |
| | | | | | | | | | | | | | |
| | | | | |
| Media: 0.00% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 303,068 | | | | 0.00 | |
| | | | | | | | | | | | | | |
| | | | | |
Consumer Staples: 0.11% | | | | | | | | | | | | | | |
| | | | | |
| Beverages: 0.09% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 6,541,809 | | | | 0.09 | |
| | | | | | | | | | | | | | |
| | | | | |
| Household Products: 0.02% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 1,244,747 | | | | 0.02 | |
| | | | | | | | | | | | | | |
| | | | | |
Energy: 0.12% | | | | | | | | | | | | | | |
| | | | | |
| Oil, Gas & Consumable Fuels: 0.12% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 9,049,265 | | | | 0.12 | |
| | | | | | | | | | | | | | |
| | | | | |
Financials: 0.24% | | | | | | | | | | | | | | |
| | | | | |
| Capital Markets: 0.00% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 42,238 | | | | 0.00 | |
| | | | | | | | | | | | | | |
| | | | | |
| Commercial Banks: 0.24% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 17,721,266 | | | | 0.24 | |
| | | | | | | | | | | | | | |
| | | | | |
| Insurance: 0.00% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 263 | | | | 0.00 | |
| | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Summary portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 87 | |
DIVERSIFIED STOCK PORTFOLIO
| | | | | | | | | | | | | | |
| Security name | | | | | | | | Value | | | Percent of
net assets | |
| | | | | | | | | | | | | | |
| | | | | |
Materials: 0.17% | | | | | | | | | | | | | | |
| | | | | |
| Chemicals: 0.03% | | | | | | | | | | | | | | |
Other securities | | | | | | | | $ | 1,847,553 | | | | 0.03 | % |
| | | | | | | | | | | | | | |
| | | | | |
| Metals & Mining: 0.14% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 10,138,439 | | | | 0.14 | |
| | | | | | | | | | | | | | |
| | | | | |
Telecommunication Services: 0.03% | | | | | | | | | | | | | | |
| | | | | |
| Diversified Telecommunication Services: 0.03% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 1,899,471 | | | | 0.03 | |
| | | | | | | | | | | | | | |
| | | | | |
Utilities: 0.03% | | | | | | | | | | | | | | |
| | | | | |
| Electric Utilities: 0.03% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 2,129,948 | | | | 0.03 | |
| | | | | | | | | | | | | | |
| | | | | |
Total Preferred Stocks (Cost $58,673,342) | | | | | | | | | 54,473,061 | | | | 0.75 | |
| | | | | | | | | | | | | | |
| | | | | |
Rights: 0.00% | | | | | | | | | | | | | | |
| | | | | |
Consumer Discretionary: 0.00% | | | | | | | | | | | | | | |
| | | | | |
| Internet & Catalog Retail: 0.00% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 69,156 | | | | 0.00 | |
| | | | | | | | | | | | | | |
| | | | | |
Financials: 0.00% | | | | | | | | | | | | | | |
| | | | | |
| Commercial Banks: 0.00% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 11,071 | | | | 0.00 | |
| | | | | | | | | | | | | | |
| | | | | |
| Real Estate Management & Development: 0.00% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 8,322 | | | | 0.00 | |
| | | | | | | | | | | | | | |
| | | | | |
Industrials: 0.00% | | | | | | | | | | | | | | |
| | | | | |
| Road & Rail: 0.00% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 1,071 | | | | 0.00 | |
| | | | | | | | | | | | | | |
| | | | | |
Information Technology: 0.00% | | | | | | | | | | | | | | |
| | | | | |
| Semiconductors & Semiconductor Equipment: 0.00% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 575 | | | | 0.00 | |
| | | | | | | | | | | | | | |
| | | | | |
Materials: 0.00% | | | | | | | | | | | | | | |
| | | | | |
| Metals & Mining: 0.00% | | | | | | | | | | | | | | |
Other securities | | | | | | | | | 0 | | | | 0.00 | |
| | | | | | | | | | | | | | |
| | | | | |
Total Rights (Cost $31,368) | | | | | | | | | 90,195 | | | | 0.00 | |
| | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 88 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Summary portfolio of investments—August 31, 2012 (unaudited) |
DIVERSIFIED STOCK PORTFOLIO
| | | | | | | | | | | | | | | | | | |
| Security name | | | | | | | | | | Value | | | Percent of net assets | |
| | | | | | | | | | | | | | | | | | |
| | | | | |
Warrants: 0.00% | | | | | | | | | | | | | | | | | | |
| | | | | |
Consumer Discretionary: 0.00% | | | | | | | | | | | | | | | | | | |
| | | | | |
| Distributors: 0.00% | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | $ | 146 | | | | 0.00 | % |
| | | | | | | | | | | | | | | | | | |
| | | | | |
| Hotels, Restaurants & Leisure: 0.00% | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | 1,032 | | | | 0.00 | |
| | | | | | | | | | | | | | | | | | |
| | | | | |
| Media: 0.00% | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | 1 | | | | 0.00 | |
| | | | | | | | | | | | | | | | | | |
| | | | | |
Consumer Staples: 0.00% | | | | | | | | | | | | | | | | | | |
| | | | | |
| Food & Staples Retailing: 0.00% | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | 5,728 | | | | 0.00 | |
| | | | | | | | | | | | | | | | | | |
| | | | | |
| Food Products: 0.00% | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | 3,110 | | | | 0.00 | |
| | | | | | | | | | | | | | | | | | |
| | | | | |
Energy: 0.00% | | | | | | | | | | | | | | | | | | |
| | | | | |
| Oil, Gas & Consumable Fuels: 0.00% | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | 1,200 | | | | 0.00 | |
| | | | | | | | | | | | | | | | | | |
| | | | | |
Industrials: 0.00% | | | | | | | | | | | | | | | | | | |
| | | | | |
| Construction & Engineering: 0.00% | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | 5,123 | | | | 0.00 | |
| | | | | | | | | | | | | | | | | | |
| | | | | |
Materials: 0.00% | | | | | | | | | | | | | | | | | | |
| | | | | |
| Metals & Mining: 0.00% | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | 753 | | | | 0.00 | |
| | | | | | | | | | | | | | | | | | |
| | | | | |
Total Warrants (Cost $16,964) | | | | | | | | | | | | | 17,093 | | | | 0.00 | |
| | | | | | | | | | | | | | | | | | |
| | | | | |
| Other: 0.02% | | | | | | | | | | | | | | | | | | |
Other securities | | | | | | | | | | | | | 1,373,516 | | | | 0.02 | |
| | | | | |
Total Other (Cost $577,889) | | | | | | | | | | | | | 1,373,516 | | | | 0.02 | |
| | | | | | | | | | | | | | | | | | |
| | | | | |
| | | | | Yield | | | Shares | | | | | | | |
| Short-Term Investments: 14.76% | | | | | | | | | | | | | | | | | | |
| | | | | |
| Investment Companies: 14.76% | | | | | | | | | | | | | | | | | | |
Wells Fargo Advantage Cash Investment Fund, Select Class (l)(u) | | | | | 0.16 | % | | | 169,049,881 | | | | 169,049,881 | | | | 2.34 | |
Wells Fargo Securities Lending Cash Investments, LLC (l)(v)(u)(r) | | | | | 0.19 | | | | 897,043,281 | | | | 897,043,281 | | | | 12.42 | |
| | | | | |
Total Short-Term Investments (Cost $1,066,093,162) | | | | | | | | | | | | | 1,066,093,162 | | | | 14.76 | |
| | | | | | | | | | | | | | | | | | |
Total investments in securities (Cost $7,479,336,088)* | | | | | | | | | | | | | 8,072,047,268 | | | | 111.75 | % |
Other assets and liabilities, net | | | | | | | | | | | | | (848,491,067 | ) | | | (11.75 | ) |
| | | | | | | | | | | | | | | | | | |
| Total net assets | | | | | | | | | | | | $ | 7,223,556,201 | | | | 100.00 | % |
| | | | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Summary portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 89 | |
DIVERSIFIED STOCK PORTFOLIO
| † | Non-income-earning security |
| « | All or a portion of this security is on loan. |
| (l) | Investment in an affiliate |
| (v) | Security represents investment of cash collateral received from securities on loan. |
| (u) | Rate shown is the 7-day annualized yield at period end. |
| (r) | The investment company is exempt from registration under Section 3(c)(7) of the 1940 Act. |
| * | Cost for federal income tax purposes is $7,563,760,199 and unrealized appreciation (depreciation) consists of: |
| | | | |
Gross unrealized appreciation | | $ | 1,091,786,180 | |
Gross unrealized depreciation | | | (583,499,111 | ) |
| | | | |
Net unrealized appreciation | | $ | 508,287,069 | |
The following table shows percent of total long-term investments by geographic locations as of August 31, 2012:
| | | | |
United States | | | 65.67 | % |
Japan | | | 6.52 | % |
United Kingdom | | | 3.48 | % |
Australia | | | 2.52 | % |
Canada | | | 2.00 | % |
Sourth Korea | | | 1.61 | % |
Switzerland | | | 1.50 | % |
Taiwan | | | 1.33 | % |
France | | | 1.30 | % |
Brazil | | | 1.25 | % |
Germany | | | 1.19 | % |
Hong Kong | | | 1.04 | % |
Other | | | 10.59 | % |
| | | | |
| | | 100.00 | % |
| | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 90 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Portfolio of investments—August 31, 2012 (unaudited) |
SHORT-TERM INVESTMENT PORTFOLIO
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities: 1.15% | | | | | | | | | | | | | | | | |
FHLB ± | | | 0.29 | % | | | 2-5-13 | | | $ | 1,000,000 | | | $ | 999,830 | |
FHLB ± | | | 0.30 | | | | 3-7-13 | | | | 1,000,000 | | | | 999,847 | |
FHLB ± | | | 0.32 | | | | 3-28-13 | | | | 1,000,000 | | | | 999,882 | |
FHLB ± | | | 0.32 | | | | 5-2-13 | | | | 1,000,000 | | | | 999,866 | |
FHLB ± | | | 0.34 | | | | 4-1-13 | | | | 1,000,000 | | | | 1,000,000 | |
FHLB ± | | | 0.34 | | | | 5-17-13 | | | | 1,000,000 | | | | 1,000,000 | |
| | | | |
Total Agency Securities (Cost $5,999,425) | | | | | | | | | | | | | | | 5,999,425 | |
| | | | | | | | | | | | | | | | |
| | | | |
Certificates of Deposit: 20.17% | | | | | | | | | | | | | | | | |
Banco Del Estado De Chile | | | 0.27 | | | | 9-27-12 | | | | 4,000,000 | | | | 4,000,000 | |
Banco Del Estado De Chile | | | 0.37 | | | | 10-22-12 | | | | 1,000,000 | | | | 1,000,000 | |
Bank Of Montreal | | | 0.18 | | | | 10-10-12 | | | | 3,000,000 | | | | 3,000,000 | |
Bank Of Montreal | | | 0.18 | | | | 10-23-12 | | | | 4,000,000 | | | | 4,000,000 | |
Bank of Montreal | | | 0.23 | | | | 9-20-12 | | | | 1,000,000 | | | | 1,000,000 | |
Bank of Nova Scotia ± | | | 0.29 | | | | 10-18-12 | | | | 1,000,000 | | | | 1,000,000 | |
Bank of Tokyo Mitsubishi LLC | | | 0.18 | | | | 9-4-12 | | | | 4,000,000 | | | | 4,000,000 | |
Bank of Tokyo Mitsubishi LLC | | | 0.18 | | | | 9-28-12 | | | | 1,000,000 | | | | 1,000,000 | |
Bank of Tokyo Mitsubishi LLC | | | 0.19 | | | | 9-5-12 | | | | 2,000,000 | | | | 2,000,000 | |
Barclays Bank plc ± | | | 0.92 | | | | 3-15-13 | | | | 5,000,000 | | | | 5,000,000 | |
Citibank NA | | | 0.33 | | | | 9-11-12 | | | | 3,000,000 | | | | 3,000,000 | |
Citibank NA | | | 0.33 | | | | 9-17-12 | | | | 2,000,000 | | | | 2,000,000 | |
DNB Nor Bank ASA | | | 0.31 | | | | 9-13-12 | | | | 2,000,000 | | | | 2,000,000 | |
DNB Nor Bank ASA 144A (z) | | | 0.31 | | | | 9-11-12 | | | | 2,000,000 | | | | 1,999,879 | |
Mitsubishi Trust & Bank Company | | | 0.20 | | | | 9-14-12 | | | | 4,000,000 | | | | 4,000,000 | |
Mitsubishi Trust & Bank Company | | | 0.20 | | | | 9-20-12 | | | | 2,000,000 | | | | 2,000,000 | |
National Bank of Australia Limited | | | 0.24 | | | | 11-13-12 | | | | 1,000,000 | | | | 1,000,117 | |
National Bank of Canada | | | 0.18 | | | | 10-15-12 | | | | 4,000,000 | | | | 4,000,000 | |
National Bank of Kuwait | | | 0.18 | | | | 9-4-12 | | | | 3,000,000 | | | | 3,000,000 | |
Nordea Bank plc (Finland) | | | 0.87 | | | | 9-13-12 | | | | 1,000,000 | | | | 1,000,025 | |
Norinchukin Bank | | | 0.17 | | | | 9-4-12 | | | | 4,000,000 | | | | 4,000,000 | |
Norinchukin Bank | | | 0.17 | | | | 9-7-12 | | | | 4,000,000 | | | | 4,000,000 | |
Norinchukin Bank | | | 0.40 | | | | 9-11-12 | | | | 1,000,000 | | | | 1,000,039 | |
Oversea-Chinese Banking Corporation Limited | | | 0.26 | | | | 9-4-12 | | | | 1,000,000 | | | | 1,000,000 | |
Oversea-Chinese Banking Corporation Limited | | | 0.27 | | | | 9-28-12 | | | | 1,000,000 | | | | 1,000,000 | |
Royal Bank of Canada ± | | | 0.49 | | | | 8-12-13 | | | | 2,000,000 | | | | 2,000,000 | |
Royal Bank of Canada ± | | | 0.49 | | | | 8-6-13 | | | | 1,000,000 | | | | 1,000,000 | |
Royal Bank of Canada ± | | | 0.50 | | | | 7-26-13 | | | | 2,000,000 | | | | 2,000,000 | |
Royal Bank of Canada ± | | | 0.74 | | | | 12-17-12 | | | | 1,000,000 | | | | 1,000,000 | |
Skandinaviska Enskilda Banken AG | | | 0.50 | | | | 10-15-12 | | | | 4,000,000 | | | | 4,000,000 | |
Skandinaviska Enskilda Banken AG | | | 0.70 | | | | 11-28-12 | | | | 5,000,000 | | | | 5,000,000 | |
Skandinaviska Enskilda Banken AG | | | 0.75 | | | | 10-12-12 | | | | 1,000,000 | | | | 1,000,221 | |
State Street Bank & Trust | | | 0.25 | | | | 9-17-12 | | | | 2,000,000 | | | | 2,000,000 | |
State Street Bank & Trust | | | 0.18 | | | | 10-16-12 | | | | 7,000,000 | | | | 7,000,000 | |
State Street Bank & Trust | | | 0.18 | | | | 10-18-12 | | | | 4,000,000 | | | | 4,000,000 | |
Sumitomo Mitsui Banking Corporation | | | 0.16 | | | | 9-6-12 | | | | 5,000,000 | | | | 5,000,000 | |
Toronto-Dominion Bank | | | 0.17 | | | | 10-30-12 | | | | 3,000,000 | | | | 3,000,000 | |
Toronto-Dominion Bank | | | 0.17 | | | | 11-2-12 | | | | 3,000,000 | | | | 3,000,000 | |
Toronto-Dominion Bank ± | | | 0.29 | | | | 2-4-13 | | | | 3,000,000 | | | | 3,000,000 | |
Toronto-Dominion Bank ± | | | 0.45 | | | | 7-26-13 | | | | 1,000,000 | | | | 1,000,000 | |
| | | | |
Total Certificates of Deposit (Cost $105,000,281) | | | | | | | | | | | | | | | 105,000,281 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 91 | |
SHORT-TERM INVESTMENT PORTFOLIO
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Commercial Paper: 42.45% | | | | | | | | | | | | | | | | |
ANZ National Limited 144A (z) | | | 0.28 | % | | | 9-20-12 | | | $ | 2,000,000 | | | $ | 1,999,751 | |
ANZ National Limited 144A (z) | | | 0.29 | | | | 9-25-12 | | | | 2,000,000 | | | | 1,999,662 | |
ANZ National Limited 144A (z) | | | 0.29 | | | | 10-2-12 | | | | 1,000,000 | | | | 999,774 | |
ASB Finance Limited ±144A | | | 0.50 | | | | 2-25-13 | | | | 2,000,000 | | | | 2,000,000 | |
ASB Finance Limited ±144A | | | 0.54 | | | | 9-5-13 | | | | 1,000,000 | | | | 1,000,000 | |
ASB Finance Limited ±144A | | | 0.64 | | | | 4-8-13 | | | | 1,000,000 | | | | 1,000,000 | |
Axis Bank Limited (Dubai) (z) | | | 0.65 | | | | 9-28-12 | | | | 2,000,000 | | | | 1,999,133 | |
Banco De Chile 144A (z) | | | 0.66 | | | | 9-25-12 | | | | 1,000,000 | | | | 999,615 | |
Barclays Bank plc 144A (z) | | | 0.31 | | | | 10-25-12 | | | | 2,000,000 | | | | 1,999,122 | |
BNZ International Funding Limited 144A (z) | | | 0.28 | | | | 9-12-12 | | | | 1,000,000 | | | | 999,938 | |
BNZ International Funding Limited 144A (z) | | | 0.28 | | | | 9-14-12 | | | | 1,000,000 | | | | 999,922 | |
BNZ International Funding Limited 144A | | | 0.52 | | | | 2-28-13 | | | | 1,000,000 | | | | 1,000,006 | |
CAFCO LLC 144A (z) | | | 0.42 | | | | 9-19-12 | | | | 1,000,000 | | | | 999,825 | |
Caisse Centrale Desjardins du Quebec 144A (z) | | | 0.18 | | | | 9-7-12 | | | | 1,000,000 | | | | 999,985 | |
Caisse Centrale Desjardins du Quebec 144A (z) | | | 0.18 | | | | 9-19-12 | | | | 5,000,000 | | | | 4,999,625 | |
Caisse Centrale Desjardins du Quebec 144A (z) | | | 0.19 | | | | 9-27-12 | | | | 1,000,000 | | | | 999,879 | |
Caisse Centrale Desjardins du Quebec 144A (z) | | | 0.22 | | | | 10-22-12 | | | | 1,000,000 | | | | 999,707 | |
Caisse Centrale Desjardins du Quebec 144A (z) | | | 0.22 | | | | 10-16-12 | | | | 1,000,000 | | | | 999,743 | |
Caisse Centrale Desjardins du Quebec 144A (z) | | | 0.22 | | | | 11-6-12 | | | | 1,000,000 | | | | 999,615 | |
Caisse Centrale Desjardins du Quebec 144A (z) | | | 0.22 | | | | 11-7-12 | | | | 1,000,000 | | | | 999,609 | |
Caisse Centrale Desjardins du Quebec 144A (z) | | | 0.22 | | | | 11-16-12 | | | | 1,000,000 | | | | 999,554 | |
Caisse Centrale Desjardins du Quebec 144A (z) | | | 0.23 | | | | 11-8-12 | | | | 1,000,000 | | | | 999,585 | |
Caisse Centrale Desjardins du Quebec 144A (z) | | | 0.25 | | | | 9-4-12 | | | | 1,000,000 | | | | 1,000,000 | |
Chariot Funding LLC 144A (z)(p) | | | 0.18 | | | | 9-12-12 | | | | 3,000,000 | | | | 2,999,873 | |
Ciesco LLC 144A (z)(p) | | | 0.52 | | | | 9-6-12 | | | | 1,000,000 | | | | 999,971 | |
CNPC Finance 144A (z) | | | 0.32 | | | | 10-9-12 | | | | 2,000,000 | | | | 1,999,378 | |
CNPC Finance 144A (z) | | | 0.37 | | | | 10-22-12 | | | | 1,000,000 | | | | 999,507 | |
CNPC Finance 144A (z) | | | 0.37 | | | | 10-23-12 | | | | 1,000,000 | | | | 999,496 | |
CNPC Finance 144A (z) | | | 0.38 | | | | 9-17-12 | | | | 2,000,000 | | | | 1,999,726 | |
CNPC Finance 144A (z) | | | 0.39 | | | | 9-24-12 | | | | 1,000,000 | | | | 999,783 | |
Commonwealth Bank of Australia 144A (z) | | | 0.19 | | | | 10-3-12 | | | | 1,000,000 | | | | 999,847 | |
Commonwealth Bank of Australia (New York) | | | 0.32 | | | | 9-27-12 | | | | 1,000,000 | | | | 1,000,089 | |
CRC Funding LLC 144A (z)(p) | | | 0.35 | | | | 9-7-12 | | | | 1,000,000 | | | | 999,971 | |
CRC Funding LLC 144A (z)(p) | | | 0.50 | | | | 9-4-12 | | | | 2,000,000 | | | | 2,000,000 | |
DBS Bank Limited 144A (z) | | | 0.22 | | | | 9-4-12 | | | | 1,000,000 | | | | 1,000,000 | |
DBS Bank Limited 144A (z) | | | 0.26 | | | | 9-13-12 | | | | 1,000,000 | | | | 999,935 | |
DBS Bank Limited 144A (z) | | | 0.26 | | | | 10-5-12 | | | | 1,000,000 | | | | 999,776 | |
DBS Bank Limited 144A (z) | | | 0.26 | | | | 10-25-12 | | | | 2,000,000 | | | | 1,999,263 | |
DBS Bank Limited 144A (z) | | | 0.26 | | | | 10-29-12 | | | | 1,000,000 | | | | 999,603 | |
Fairway Finance Corporation 144A (z)(p) | | | 0.19 | | | | 10-26-12 | | | | 1,000,000 | | | | 999,726 | |
Fairway Finance Corporation 144A (z)(p) | | | 0.20 | | | | 9-5-12 | | | | 1,000,000 | | | | 999,994 | |
Fairway Finance Corporation 144A (z)(p) | | | 0.21 | | | | 10-2-12 | | | | 1,000,000 | | | | 999,837 | |
General Electric Capital Company (z) | | | 0.17 | | | | 9-26-12 | | | | 4,000,000 | | | | 3,999,584 | |
General Electric Capital Company (z) | | | 0.23 | | | | 12-27-12 | | | | 2,000,000 | | | | 1,998,543 | |
General Electric Capital Company (z) | | | 0.28 | | | | 12-26-12 | | | | 2,000,000 | | | | 1,998,242 | |
General Electric Capital Company (z) | | | 0.28 | | | | 12-28-12 | | | | 1,000,000 | | | | 999,106 | |
Gotham Funding Corporation 144A (z)(p) | | | 0.21 | | | | 9-7-12 | | | | 1,000,000 | | | | 999,983 | |
Gotham Funding Corporation 144A (z)(p) | | | 0.21 | | | | 9-11-12 | | | | 1,000,000 | | | | 999,959 | |
Gotham Funding Corporation 144A (z)(p) | | | 0.21 | | | | 9-13-12 | | | | 1,000,000 | | | | 999,948 | |
Gotham Funding Corporation 144A (z)(p) | | | 0.21 | | | | 9-18-12 | | | | 1,000,000 | | | | 999,918 | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 92 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Portfolio of investments—August 31, 2012 (unaudited) |
SHORT-TERM INVESTMENT PORTFOLIO
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Commercial Paper (continued) | | | | | | | | | | | | | | | | |
Gotham Funding Corporation 144A (z)(p) | | | 0.21 | % | | | 9-19-12 | | | $ | 1,000,000 | | | $ | 999,913 | |
Gotham Funding Corporation 144A (z)(p) | | | 0.21 | | | | 9-20-12 | | | | 1,000,000 | | | | 999,907 | |
Gotham Funding Corporation 144A (z)(p) | | | 0.21 | | | | 9-21-12 | | | | 2,000,000 | | | | 1,999,802 | |
Govco LLC 144A (z)(p) | | | 0.35 | | | | 9-10-12 | | | | 1,000,000 | | | | 999,942 | |
Govco LLC 144A (z)(p) | | | 0.50 | | | | 9-5-12 | | | | 1,000,000 | | | | 999,986 | |
Govco LLC 144A (z)(p) | | | 0.50 | | | | 9-6-12 | | | | 2,000,000 | | | | 1,999,944 | |
ICICI Bank Limited (z) | | | 0.64 | | | | 9-10-12 | | | | 1,000,000 | | | | 999,893 | |
JPMorgan Chase & Company (z) | | | 0.28 | | | | 10-30-12 | | | | 5,000,000 | | | | 4,997,822 | |
Jupiter Securitization Company LLC 144A (z)(p) | | | 0.18 | | | | 9-12-12 | | | | 3,000,000 | | | | 2,999,873 | |
Legacy Capital Company 144A (z)(p) | | | 0.48 | | | | 10-19-12 | | | | 1,000,000 | | | | 999,400 | |
Legacy Capital Company 144A (z)(p) | | | 0.48 | | | | 11-7-12 | | | | 2,000,000 | | | | 1,998,293 | |
Lexington Parker Capital Company LLC 144A (z)(p) | | | 0.48 | | | | 10-19-12 | | | | 2,000,000 | | | | 1,998,800 | |
Lexington Parker Capital Company LLC 144A (z)(p) | | | 0.48 | | | | 11-9-12 | | | | 2,000,000 | | | | 1,998,240 | |
Liberty Street Funding LLC 144A (z)(p) | | | 0.18 | | | | 9-17-12 | | | | 2,000,000 | | | | 1,999,870 | |
Liberty Street Funding LLC 144A (z)(p) | | | 0.18 | | | | 9-18-12 | | | | 4,000,000 | | | | 3,999,720 | |
Liberty Street Funding LLC 144A (z)(p) | | | 0.19 | | | | 9-13-12 | | | | 1,000,000 | | | | 999,953 | |
Liberty Street Funding LLC 144A (z)(p) | | | 0.22 | | | | 10-25-12 | | | | 1,000,000 | | | | 999,688 | |
Liberty Street Funding LLC 144A (z)(p) | | | 0.22 | | | | 11-15-12 | | | | 1,000,000 | | | | 999,560 | |
Liberty Street Funding LLC 144A (z)(p) | | | 0.23 | | | | 10-26-12 | | | | 1,000,000 | | | | 999,668 | |
Liberty Street Funding LLC 144A (z)(p) | | | 0.23 | | | | 11-13-12 | | | | 2,000,000 | | | | 1,999,106 | |
Louis Dreyfus Commodities LLC (z) | | | 0.50 | | | | 9-7-12 | | | | 1,000,000 | | | | 999,958 | |
Louis Dreyfus Commodities LLC (z) | | | 0.53 | | | | 9-4-12 | | | | 1,000,000 | | | | 1,000,000 | |
Market Street Funding Corporation 144A (z)(p) | | | 0.26 | | | | 10-17-12 | | | | 1,000,000 | | | | 999,689 | |
Market Street Funding Corporation 144A (z)(p) | | | 0.26 | | | | 10-18-12 | | | | 1,000,000 | | | | 999,682 | |
MetLife Short Term Funding LLC 144A (z)(p) | | | 0.20 | | | | 10-10-12 | | | | 1,000,000 | | | | 999,800 | |
MetLife Short Term Funding LLC 144A (z)(p) | | | 0.21 | | | | 9-12-12 | | | | 1,000,000 | | | | 999,953 | |
MetLife Short Term Funding LLC 144A (z)(p) | | | 0.22 | | | | 10-4-12 | | | | 1,000,000 | | | | 999,817 | |
MetLife Short Term Funding LLC 144A (z)(p) | | | 0.24 | | | | 11-5-12 | | | | 1,000,000 | | | | 999,587 | |
MetLife Short Term Funding LLC 144A (z)(p) | | | 0.24 | | | | 10-24-12 | | | | 1,000,000 | | | | 999,667 | |
MetLife Short Term Funding LLC 144A (z)(p) | | | 0.25 | | | | 9-6-12 | | | | 1,000,000 | | | | 999,986 | |
MetLife Short Term Funding LLC 144A (z)(p) | | | 0.25 | | | | 10-15-12 | | | | 1,000,000 | | | | 999,715 | |
Mitsubishi UFJ Trust & Banking Corporation 144A (z) | | | 0.20 | | | | 9-12-12 | | | | 1,000,000 | | | | 999,956 | |
Nationwide Building Society 144A (z) | | | 0.42 | | | | 12-5-12 | | | | 2,000,000 | �� | | | 1,997,853 | |
Nationwide Building Society 144A (z) | | | 0.42 | | | | 12-6-12 | | | | 1,000,000 | | | | 998,915 | |
Nationwide Building Society 144A (z) | | | 0.42 | | | | 12-12-12 | | | | 1,000,000 | | | | 998,845 | |
Nationwide Building Society 144A (z) | | | 0.42 | | | | 12-19-12 | | | | 1,000,000 | | | | 998,763 | |
Nationwide Building Society 144A (z) | | | 0.55 | | | | 10-1-12 | | | | 1,000,000 | | | | 999,588 | |
Nationwide Building Society 144A (z) | | | 0.58 | | | | 10-12-12 | | | | 1,000,000 | | | | 999,388 | |
Nordea North America (z) | | | 0.30 | | | | 9-7-12 | | | | 2,000,000 | | | | 1,999,950 | |
Old Line Funding LLC 144A (z)(p) | | | 0.18 | | | | 10-22-12 | | | | 1,000,000 | | | | 999,760 | |
Old Line Funding LLC 144A (z)(p) | | | 0.20 | | | | 12-3-12 | | | | 1,000,000 | | | | 999,500 | |
Old Line Funding LLC 144A (z)(p) | | | 0.35 | | | | 2-8-13 | | | | 2,000,000 | | | | 1,996,948 | |
Oversea Chinese Banking Corporation Limited (z) | | | 0.22 | | | | 10-30-12 | | | | 1,000,000 | | | | 999,658 | |
Oversea-Chinese Banking Corporation Limited (z)(p) | | | 0.23 | | | | 9-18-12 | | | | 2,000,000 | | | | 1,999,821 | |
Oversea-Chinese Banking Corporation Limited (z) | | | 0.27 | | | | 9-26-12 | | | | 2,000,000 | | | | 1,999,676 | |
Oversea-Chinese Banking Corporation Limited (z) | | | 0.27 | | | | 10-11-12 | | | | 1,000,000 | | | | 999,723 | |
Principal Life Insurance Company 144A (z)(p) | | | 0.20 | | | | 9-7-12 | | | | 1,000,000 | | | | 999,983 | |
Prudential plc 144A (z) | | | 0.40 | | | | 11-1-12 | | | | 1,000,000 | | | | 999,356 | |
Prudential plc 144A (z) | | | 0.40 | | | | 11-5-12 | | | | 1,000,000 | | | | 999,311 | |
Regency Markets No. 1 LLC 144A (z)(p) | | | 0.21 | | | | 9-6-12 | | | | 1,000,000 | | | | 999,988 | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 93 | |
SHORT-TERM INVESTMENT PORTFOLIO
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Commercial Paper (continued) | | | | | | | | | | | | | | | | |
Regency Markets No. 1 LLC 144A (z)(p) | | | 0.21 | % | | | 9-25-12 | | | $ | 1,000,000 | | | $ | 999,878 | |
Salisbury Receivables Company 144A (z)(p) | | | 0.24 | | | | 9-10-12 | | | | 1,000,000 | | | | 999,960 | |
Salisbury Receivables Company 144A (z)(p) | | | 0.27 | | | | 9-25-12 | | | | 1,000,000 | | | | 999,843 | |
Salisbury Receivables Company 144A (z)(p) | | | 0.27 | | | | 9-26-12 | | | | 1,000,000 | | | | 999,835 | |
Salisbury Receivables Company 144A (z)(p) | | | 0.27 | | | | 9-27-12 | | | | 1,000,000 | | | | 999,828 | |
Salisbury Receivables Company 144A (z)(p) | | | 0.28 | | | | 9-6-12 | | | | 1,000,000 | | | | 999,984 | |
Salisbury Receivables Company 144A (z)(p) | | | 0.33 | | | | 11-7-12 | | | | 1,000,000 | | | | 999,413 | |
Sheffield Receivables Corporation 144A (z)(p) | | | 0.27 | | | | 10-4-12 | | | | 1,000,000 | | | | 999,775 | |
Sheffield Receivables Corporation 144A (z)(p) | | | 0.27 | | | | 10-5-12 | | | | 2,000,000 | | | | 1,999,536 | |
Sheffield Receivables Corporation 144A (z)(p) | | | 0.27 | | | | 10-12-12 | | | | 1,000,000 | | | | 999,715 | |
Sheffield Receivables Corporation 144A (z)(p) | | | 0.27 | | | | 10-15-12 | | | | 2,000,000 | | | | 1,999,385 | |
Sheffield Receivables Corporation 144A (z)(p) | | | 0.27 | | | | 10-16-12 | | | | 2,000,000 | | | | 1,999,370 | |
Sheffield Receivables Corporation 144A (z)(p) | | | 0.27 | | | | 10-18-12 | | | | 1,000,000 | | | | 999,670 | |
Straight-A Funding LLC 144A (z)(p) | | | 0.18 | | | | 10-3-12 | | | | 1,000,000 | | | | 999,855 | |
Straight-A Funding LLC 144A (z)(p) | | | 0.18 | | | | 10-15-12 | | | | 2,000,000 | | | | 1,999,590 | |
Straight-A Funding LLC 144A (z)(p) | | | 0.18 | | | | 10-17-12 | | | | 2,000,000 | | | | 1,999,570 | |
Straight-A Funding LLC 144A (z)(p) | | | 0.18 | | | | 10-18-12 | | | | 3,000,000 | | | | 2,999,340 | |
Straight-A Funding LLC 144A (z)(p) | | | 0.18 | | | | 10-23-12 | | | | 2,000,000 | | | | 1,999,510 | |
Sumitomo Trust & Banking Corporation | | | 0.16 | | | | 9-5-12 | | | | 4,000,000 | | | | 4,000,000 | |
Suncorp Group Limited 144A (z) | | | 0.45 | | | | 9-13-12 | | | | 2,000,000 | | | | 1,999,775 | |
Suncorp Group Limited 144A (z) | | | 0.45 | | | | 10-18-12 | | | | 1,000,000 | | | | 999,450 | |
Suncorp Group Limited 144A (z) | | | 0.45 | | | | 9-12-12 | | | | 1,000,000 | | | | 999,900 | |
Suncorp Group Limited 144A (z) | | | 0.45 | | | | 9-17-12 | | | | 1,000,000 | | | | 999,838 | |
Surrey Funding Corporation 144A (z) | | | 0.27 | | | | 10-2-12 | | | | 1,000,000 | | | | 999,790 | |
Surrey Funding Corporation 144A (z) | | | 0.27 | | | | 10-5-12 | | | | 1,000,000 | | | | 999,768 | |
Surrey Funding Corporation 144A (z) | | | 0.28 | | | | 9-18-12 | | | | 1,000,000 | | | | 999,891 | |
Swedbank (z) | | | 0.30 | | | | 11-14-12 | | | | 1,000,000 | | | | 999,408 | |
Swedbank (z) | | | 0.31 | | | | 11-9-12 | | | | 1,000,000 | | | | 1,000,000 | |
Swedbank (z) | | | 0.31 | | | | 11-8-12 | | | | 2,000,000 | | | | 1,998,881 | |
Swedbank (z) | | | 0.31 | | | | 11-13-12 | | | | 1,000,000 | | | | 999,397 | |
Swedbank (z) | | | 0.42 | | | | 9-10-12 | | | | 2,000,000 | | | | 1,999,860 | |
Swedbank (z) | | | 0.42 | | | | 9-11-12 | | | | 1,000,000 | | | | 999,918 | |
Sydney Capital Corporation 144A (z)(p) | | | 0.30 | | | | 9-13-12 | | | | 1,000,000 | | | | 999,925 | |
Sydney Capital Corporation 144A (z)(p) | | | 0.30 | | | | 11-14-12 | | | | 1,000,000 | | | | 999,408 | |
Thunder Bay Funding LLC 144A (z)(p) | | | 0.18 | | | | 10-22-12 | | | | 1,000,000 | | | | 999,760 | |
Thunder Bay Funding LLC 144A (z)(p) | | | 0.20 | | | | 11-20-12 | | | | 1,000,000 | | | | 999,572 | |
Thunder Bay Funding LLC 144A (z)(p) | | | 0.20 | | | | 12-3-12 | | | | 1,000,000 | | | | 999,500 | |
Thunder Bay Funding LLC 144A (z)(p) | | | 0.35 | | | | 2-1-13 | | | | 1,000,000 | | | | 998,542 | |
Thunder Bay Funding LLC 144A (z)(p) | | | 0.35 | | | | 2-7-13 | | | | 1,000,000 | | | | 998,483 | |
Toyota Credit Canada Incorporated (z) | | | 0.20 | | | | 9-25-12 | | | | 1,000,000 | | | | 999,883 | |
Toyota Motor Credit Corporation (z) | | | 0.35 | | | | 2-25-13 | | | | 3,000,000 | | | | 2,994,925 | |
UOB Funding LLC (z) | | | 0.25 | | | | 9-13-12 | | | | 1,000,000 | | | | 999,938 | |
UOB Funding LLC (z) | | | 0.25 | | | | 12-4-12 | | | | 1,000,000 | | | | 999,368 | |
Victory Receivables 144A (p) | | | 0.01 | | | | 9-18-12 | | | | 1,000,000 | | | | 999,918 | |
Victory Receivables 144A (p) | | | 0.21 | | | | 9-18-12 | | | | 1,000,000 | | | | 999,918 | |
Victory Receivables 144A (p) | | | 0.21 | | | | 9-21-12 | | | | 1,000,000 | | | | 999,901 | |
Victory Receivables 144A (z)(p) | | | 0.21 | | | | 9-12-12 | | | | 4,000,000 | | | | 3,999,813 | |
Victory Receivables 144A (z)(p) | | | 0.21 | | | | 9-13-12 | | | | 1,000,000 | | | | 999,948 | |
Victory Receivables 144A (z)(p) | | | 0.21 | | | | 9-20-12 | | | | 1,000,000 | | | | 999,907 | |
Victory Receivables 144A(z)(p) | | | 0.21 | | | | 9-25-12 | | | | 1,000,000 | | | | 999,878 | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 94 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Portfolio of investments—August 31, 2012 (unaudited) |
SHORT-TERM INVESTMENT PORTFOLIO
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Commercial Paper (continued) | | | | | | | | | | | | | | | | |
Westpac Banking Corporation 144A (z) | | | 0.26 | % | | | 9-17-12 | | | $ | 1,000,000 | | | $ | 999,906 | |
Westpac Securities NZ Limited 144A (z) | | | 0.30 | | | | 9-21-12 | | | | 1,000,000 | | | | 999,858 | |
Westpac Securities NZ Limited 144A (z) | | | 0.30 | | | | 9-17-12 | | | | 1,000,000 | | | | 999,892 | |
Westpac Securities NZ Limited ±144A | | | 0.50 | | | | 2-25-13 | | | | 1,000,000 | | | | 1,000,000 | |
Westpac Securities NZ Limited ±144A | | | 0.50 | | | | 2-22-13 | | | | 2,000,000 | | | | 2,000,000 | |
Westpac Securities NZ Limited 144A | | | 0.61 | | | | 7-22-13 | | | | 1,000,000 | | | | 1,000,000 | |
Westpac Securities NZ Limited 144A | | | 0.64 | | | | 4-8-13 | | | | 1,000,000 | | | | 1,000,000 | |
Westpac Securities NZ Limited ±144A | | | 0.66 | | | | 4-15-13 | | | | 1,000,000 | | | | 1,000,308 | |
White Point Funding Incorporated 144A (z)(p) | | | 0.52 | | | | 11-19-12 | | | | 1,000,000 | | | | 998,902 | |
Working Capital Management Company 144A (z)(p) | | | 0.22 | | | | 9-6-12 | | | | 1,000,000 | | | | 999,988 | |
| | | | |
Total Commercial Paper (Cost $220,936,698) | | | | | | | | | | | | | | | 220,936,698 | |
| | | | | | | | | | | | | | | | |
| | | | |
Corporate Bonds and Notes: 1.85% | | | | | | | | | | | | | | | | |
| | | | |
Financials: 1.61% | | | | | | | | | | | | | | | | |
| | | | |
| Commercial Banks: 0.19% | | | | | | | | | | | | | | | | |
JPMorgan Chase Bank NA ± | | | 0.36 | | | | 11-21-12 | | | | 1,000,000 | | | | 1,000,155 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Consumer Finance: 0.39% | | | | | | | | | | | | | | | | |
Toyota Motor Credit Corporation ± | | | 0.53 | | | | 7-19-13 | | | | 2,000,000 | | | | 2,000,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Diversified Financial Services: 1.03% | | | | | | | | | | | | | | | | |
JPMorgan Chase & Company ± | | | 0.53 | | | | 1-18-13 | | | | 1,000,000 | | | | 999,926 | |
JPMorgan Chase & Company ± | | | 0.59 | | | | 11-1-12 | | | | 1,000,000 | | | | 1,000,365 | |
JPMorgan Chase & Company ± | | | 0.97 | | | | 9-21-12 | | | | 1,000,000 | | | | 1,000,232 | |
JPMorgan Chase & Company ± | | | 1.08 | | | | 2-26-13 | | | | 1,000,000 | | | | 1,002,215 | |
LTF Real Estate LLC ±144A§ | | | 0.30 | | | | 6-1-33 | | | | 380,000 | | | | 380,000 | |
Overseas Private Investment Corporation ±§ | | | 0.19 | | | | 7-9-26 | | | | 1,000,000 | | | | 1,000,000 | |
| | | | |
| | | | | | | | | | | | | | | 5,382,738 | |
| | | | | | | | | | | | | | | | |
| | | | |
Health Care: 0.24% | | | | | | | | | | | | | | | | |
| | | | |
| Health Care Providers & Services: 0.24% | | | | | | | | | | | | | | | | |
Acts Retirement Life Communities Incorporated ±§ | | | 0.22 | | | | 11-15-29 | | | | 225,000 | | | | 225,000 | |
Providence Health & Services ±§ | | | 0.24 | | | | 10-1-42 | | | | 1,000,000 | | | | 1,000,000 | |
| | | | |
| | | | | | | | | | | | | | | 1,225,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
Total Corporate Bonds and Notes (Cost $9,607,893) | | | | | | | | | | | | | | | 9,607,893 | |
| | | | | | | | | | | | | | | | |
| | | | |
Municipal Obligations: 21.14% | | | | | | | | | | | | | | | | |
| | | | |
| Alabama: 0.19% | | | | | | | | | | | | | | | | |
Birmingham AL Special Care Facilities Finance Authority Ascension Health Series 2006-C (Hospital Revenue) ±144A§ | | | 0.24 | | | | 11-15-46 | | | | 1,000,000 | | | | 1,000,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Arizona: 0.19% | | | | | | | | | | | | | | | | |
Arizona Health Facilities Authority Catholic Healthcare West Loan Program (Health Revenue, Citibank NA LOC) ±§ | | | 0.21 | | | | 7-1-35 | | | | 1,000,000 | | | | 1,000,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| California: 2.17% | | | | | | | | | | | | | | | | |
California HFFA Series H (Health Revenue, Bank of America NA LOC) ±§ | | | 0.22 | | | | 7-1-35 | | | | 1,200,000 | | | | 1,200,000 | |
California Infrastructure & Economic Development Bank Contemporary Jewish Museum (Miscellaneous Revenue, Bank of America NA LOC) ±§ | | | 0.23 | | | | 12-1-36 | | | | 1,000,000 | | | | 1,000,000 | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 95 | |
SHORT-TERM INVESTMENT PORTFOLIO
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| California (continued) | | | | | | | | | | | | | | | | |
California Stanford Hospital Series B (Health Revenue, FNMA LOC) ±§ | | | 0.17 | % | | | 8-1-36 | | | $ | 150,000 | | | $ | 150,000 | |
California State (Tax Revenue, GO - State) | | | 0.17 | | | | 9-17-12 | | | | 1,000,000 | | | | 1,000,000 | |
JPMorgan Chase PUTTER Trust (Miscellaneous Revenue) ±144A | | | 0.21 | | | | 5-30-13 | | | | 3,000,000 | | | | 3,000,000 | |
Roseville CA Electric System Series A (Utilities Revenue, Morgan Stanley Bank LOC) ±§ | | | 0.18 | | | | 2-1-35 | | | | 2,000,000 | | | | 2,000,000 | |
San Bernardino County CA COP Series B (Miscellaneous Revenue) ±§ | | | 0.27 | | | | 3-1-17 | | | | 459,000 | | | | 459,000 | |
San Bernardino County CA Flood Control District (Tax Revenue, Bank of America NA LOC) ±§ | | | 0.20 | | | | 8-1-37 | | | | 500,000 | | | | 500,000 | |
San Francisco CA City & County RDA Notre Dame Apartments Series G (Housing Revenue, Citibank NA LOC) ±§ | | | 0.23 | | | | 12-1-33 | | | | 985,000 | | | | 985,000 | |
San Francisco City and County CA Public Utilities Commission (Utilities Revenue) | | | 0.19 | | | | 10-2-12 | | | | 1,000,000 | | | | 1,000,000 | |
| | | | |
| | | | | | | | | | | | | | | 11,294,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Colorado: 0.81% | | | | | | | | | | | | | | | | |
Colorado HFA Class I Series B-2 (Housing Revenue) ±§ | | | 0.18 | | | | 5-1-38 | | | | 1,000,000 | | | | 1,000,000 | |
Colorado HFA Taxable MFHR Project Series A1 (Housing Revenue) ±§ | | | 0.19 | | | | 10-1-33 | | | | 965,000 | | | | 965,000 | |
Colorado HFA Taxable MFHR Project Series B2 (Housing Revenue) ±§ | | | 0.18 | | | | 5-1-50 | | | | 250,000 | | | | 250,000 | |
Denver CO City & County Subseries G1 (Airport Revenue, Assured Guaranty Insured) ±§ | | | 0.21 | | | | 11-15-25 | | | | 1,000,000 | | | | 1,000,000 | |
Denver CO City & County Subseries G2 (Airport Revenue, Assured Guaranty Insured) ±§ | | | 0.21 | | | | 11-15-25 | | | | 1,000,000 | | | | 1,000,000 | |
| | | | |
| | | | | | | | | | | | | | | 4,215,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Delaware: 0.20% | | | | | | | | | | | | | | | | |
PFOTER Series TNP-1002 (Miscellaneous Revenue) ±144A§ | | | 0.90 | | | | 9-1-34 | | | | 1,060,000 | | | | 1,060,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| District of Columbia: 0.19% | | | | | | | | | | | | | | | | |
Metro Washington DC Airport Authority (Airport Revenue) | | | 0.18 | | | | 9-4-12 | | | | 1,000,000 | | | | 1,000,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Florida: 0.76% | | | | | | | | | | | | | | | | |
Jacksonville FL Capital Projects Series A (Utilities Revenue, Bank of America NA LOC) ±§ | | | 0.21 | | | | 10-1-34 | | | | 1,955,000 | | | | 1,955,000 | |
JPMorgan Chase PUTTER Trust Series 4128 (Miscellaneous Revenue, JPMorgan Chase Bank LIQ) ±144A§ | | | 0.19 | | | | 3-1-21 | | | | 1,000,000 | | | | 1,000,000 | |
Miami-Dade County FL Eclipse Funding Trust (Tax Revenue, U.S. Bank NA) ±§ | | | 0.17 | | | | 7-1-13 | | | | 995,000 | | | | 995,000 | |
| | | | |
| | | | | | | | | | | | | | | 3,950,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Georgia: 0.19% | | | | | | | | | | | | | | | | |
Richmond County GA Development Authority (Education Revenue) ±§ | | | 0.18 | | | | 7-1-37 | | | | 975,000 | | | | 975,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Illinois: 0.58% | | | | | | | | | | | | | | | | |
Chicago IL Deutsche Bank PFOTER Trust Series DB-393 (GO, JPMorgan Chase Bank SPA) ±§ | | | 0.19 | | | | 1-1-34 | | | | 1,000,000 | | | | 1,000,000 | |
Illinois Educational Facilities Authority Field Museum National History (Miscellaneous Revenue, Bank of America NA LOC) ±§ | | | 0.27 | | | | 11-1-32 | | | | 1,000,000 | | | | 1,000,000 | |
Springfield IL PUTTER Series 1314 (Utilities Revenue, BHAC-CR, MBIA Insured) ±§ | | | 0.18 | | | | 3-1-14 | | | | 1,000,000 | | | | 1,000,000 | |
| | | | |
| | | | | | | | | | | | | | | 3,000,000 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 96 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Portfolio of investments—August 31, 2012 (unaudited) |
SHORT-TERM INVESTMENT PORTFOLIO
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Indiana: 0.82% | | | | | | | | | | | | | | | | |
Indiana Finance Authority Parkview Health System Obligation Group Project Series 2009 C (Health Revenue, PNC Bank NA LOC) ±§ | | | 0.14 | % | | | 11-1-39 | | | $ | 3,000,000 | | | $ | 3,000,000 | |
Indiana Housing & CDA (Housing Revenue) ±§ | | | 0.22 | | | | 7-1-36 | | | | 1,000,000 | | | | 1,000,000 | |
Richmond IN Reid Hospital & Health Care Services Incorporated Hospital Authority Series A (Health Revenue, AGM Insured) ±§ | | | 0.20 | | | | 1-1-40 | | | | 240,000 | | | | 240,000 | |
| | | | |
| | | | | | | | | | | | | | | 4,240,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Louisiana: 0.87% | | | | | | | | | | | | | | | | |
East Baton Rouge Parish LA IDR Series A (IDR) ±§ | | | 0.19 | | | | 8-1-35 | | | | 1,000,000 | | | | 1,000,000 | |
East Baton Rouge Parish LA Road and Street Improvement Project Series A (Transportation Revenue, JPMorgan Chase Bank LOC) ±§ | | | 0.19 | | | | 8-1-30 | | | | 2,000,000 | | | | 2,000,000 | |
Louisiana State GO JPMorgan Chase PUTTER Series 4049 (GO, AGM Insured, JPMorgan Chase Bank LIQ) ±144A§ | | | 0.22 | | | | 5-1-13 | | | | 1,000,000 | | | | 1,000,000 | |
St. James Parish LA Series A-1 (IDR) ±§ | | | 0.18 | | | | 11-1-40 | | | | 500,000 | | | | 500,000 | |
| | | | |
| | | | | | | | | | | | | | | 4,500,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Maryland: 0.83% | | | | | | | | | | | | | | | | |
Baltimore MD Package Systems Facilities (Transportation Revenue, Bank of America NA LOC) ±§ | | | 0.24 | | | | 7-1-32 | | | | 970,000 | | | | 970,000 | |
Maryland CDA Department Housing & Community Development Series 2006-G (Housing Revenue) ±§ | | | 0.20 | | | | 9-1-40 | | | | 500,000 | | | | 500,000 | |
Maryland Health & HEFAR Series D (Miscellaneous Revenue, Bank of
America NA LOC) ±§ | | | 0.23 | | | | 1-1-29 | | | | 845,000 | | | | 845,000 | |
Maryland State Housing & Community Development Residential Series 2007-F (Housing Revenue, PNC Bank NA LOC) ±§ | | | 0.15 | | | | 9-1-31 | | | | 1,000,000 | | | | 1,000,000 | |
Montgomery County MD Series 2009 (Tax Revenue) | | | 0.18 | | | | 9-5-12 | | | | 1,000,000 | | | | 1,000,000 | |
| | | | |
| | | | | | | | | | | | | | | 4,315,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Massachusetts: 0.06% | | | | | | | | | | | | | | | | |
Massachusetts Development Finance Agency Babson College Series B (Education Revenue, Citizens Bank LOC) ±§ | | | 0.18 | | | | 10-1-31 | | | | 325,000 | | | | 325,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Michigan: 0.19% | | | | | | | | | | | | | | | | |
RBC Municipal Products Incorporated (Education Revenue) ±§ | | | 0.22 | | | | 9-1-33 | | | | 1,000,000 | | | | 1,000,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Minnesota: 0.03% | | | | | | | | | | | | | | | | |
Minnesota State HFA Residential Housing Series T (Housing Revenue, GO of Agency Insured) ±§ | | | 0.21 | | | | 7-1-48 | | | | 170,000 | | | | 170,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Missouri: 0.19% | | | | | | | | | | | | | | | | |
Missouri Joint Municipal Electric Utility Commission Power Prairie Eclipse Funding Trust Series 2007-0111 (Miscellaneous Revenue, U.S. Bank NA LOC) ±§ | | | 0.17 | | | | 1-1-32 | | | | 995,000 | | | | 995,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Nebraska: 0.19% | | | | | | | | | | | | | | | | |
Central Plains NE Nebraska Gas Project #2 Series 2009 (Utilities Revenue, Royal Bank of Canada SPA) ±§ | | | 0.18 | | | | 8-1-39 | | | | 995,000 | | | | 995,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Nevada: 0.10% | | | | | | | | | | | | | | | | |
Las Vegas NV EDA Revenue Keep Memory Alive Project (Miscellaneous Revenue, PNC Bank NA LOC) ±§ | | | 0.15 | | | | 5-1-37 | | | | 500,000 | | | | 500,000 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 97 | |
SHORT-TERM INVESTMENT PORTFOLIO
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| New Jersey: 0.87% | | | | | | | | | | | | | | | | |
New Jersey Housing & Mortgage Finance Agency AMT SFMR Series Y (Housing Revenue, Royal Bank of Canada SPA) ±§ | | | 0.16 | % | | | 10-1-39 | | | $ | 1,000,000 | | | $ | 1,000,000 | |
New Jersey TRAN Series A (Miscellaneous Revenue) ± | | | 0.50 | | | | 6-27-13 | | | | 2,500,000 | | | | 2,500,420 | |
Salem County NJ PCFA Atlantic City Electric (Utilities Revenue, JPMorgan Chase Bank LOC) ±§ | | | 0.20 | | | | 4-15-14 | | | | 1,000,000 | | | | 1,000,000 | |
| | | | |
| | | | | | | | | | | | | | | 4,500,420 | |
| | | | | | | | | | | | | | | | |
| | | | |
| New Mexico: 0.19% | | | | | | | | | | | | | | | | |
New Mexico Municipal Energy Acquisition Authority Gas Supply Series 2009 (Utilities Revenue, Royal Bank of Canada SPA) ±§ | | | 0.18 | | | | 11-1-39 | | | | 1,000,000 | | | | 1,000,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| New York: 2.66% | | | | | | | | | | | | | | | | |
JPMorgan Chase PUTTER/DRIVER (Miscellaneous Revenue) ±144A | | | 0.19 | | | | 10-1-13 | | | | 1,000,000 | | | | 1,000,000 | |
Nassau County NY Interim Finance Authority Series E
(Tax Revenue) ±§ | | | 0.17 | | | | 11-15-14 | | | | 1,000,000 | | | | 1,000,000 | |
New York City NY Abraham Joshua Hesehal School (Miscellaneous Revenue, TD Bank NA LOC) ±§ | | | 0.18 | | | | 1-1-40 | | | | 250,000 | | | | 250,000 | |
New York City NY Transitional Finance Authority Revenue Subseries A-7 (Miscellaneous Revenue) ±§ | | | 0.16 | | | | 8-1-39 | | | | 1,000,000 | | | | 1,000,000 | |
New York Dormitory Authority Revenue (Education Revenue, JPMorgan Chase Bank SPA) ±§ | | | 0.17 | | | | 7-1-39 | | | | 1,000,000 | | | | 1,000,000 | |
New York HFA 50th Street Housing Series 1999-A (Housing Revenue, FNMA Insured) ±§ | | | 0.17 | | | | 5-1-29 | | | | 500,000 | | | | 500,000 | |
New York HFA Biltmore Tower Housing Project Series A (Housing Revenue, FNMA Insured) ±§ | | | 0.18 | | | | 5-15-34 | | | | 1,000,000 | | | | 1,000,000 | |
New York HFA Victory Housing Series 2004-A (Housing Revenue, FHLMC Insured) ±§ | | | 0.18 | | | | 11-1-33 | | | | 500,000 | | | | 500,000 | |
New York Housing Finance Agency Eleventh Avenue Housing Project Series A (Housing Revenue, FNMA Insured) ±§ | | | 0.18 | | | | 5-15-41 | | | | 2,000,000 | | | | 2,000,000 | |
New York Mortgage Agency Homeowner Mortgage Series 132 (Housing Revenue) ±§ | | | 0.22 | | | | 4-1-37 | | | | 1,000,000 | | | | 1,000,000 | |
New York Mortgage Agency Homeowner ROC RR-II-R-11703 (Housing Revenue, CitiBank NA LIQ) ±144A§ | | | 0.37 | | | | 10-1-31 | | | | 920,000 | | | | 920,000 | |
New York NY Municipal Water Finance Authority Series DD-1 (Water & Sewer Revenue) ±§ | | | 0.18 | | | | 6-15-43 | | | | 1,000,000 | | | | 1,000,000 | |
New York NY Municipal Water Finance Authority Series CC-1 (Water & Sewer Revenue) ±§ | | | 0.18 | | | | 6-15-38 | | | | 1,000,000 | | | | 1,000,000 | |
New York PFOTER (Miscellaneous Revenue) ±144A§ | | | 0.48 | | | | 6-15-53 | | | | 1,000,000 | | | | 1,000,000 | |
PFOTER Series TNP-1004 (Resource Recovery Revenue, AMBAC Insured) ±144A§ | | | 0.75 | | | | 1-29-46 | | | | 670,000 | | | | 670,000 | |
| | | | |
| | | | | | | | | | | | | | | 13,840,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| North Carolina: 0.09% | | | | | | | | | | | | | | | | |
North Carolina Medical Care Commission University Health System Series B-2 (Health Revenue, Branch Banking & Trust LOC) ±§ | | | 0.15 | | | | 12-1-36 | | | | 475,000 | | | | 475,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Ohio: 0.79% | | | | | | | | | | | | | | | | |
Lancaster OH Port Authority Gas Supply Series 2008 (Utilities Revenue, Royal Bank of Canada SPA) ±§ | | | 0.18 | | | | 5-1-38 | | | | 1,990,000 | | | | 1,990,000 | |
Montgomery County OH Catholic Health Series C-2 (Health
Revenue) ±§ | | | 0.15 | | | | 10-1-41 | | | | 1,000,000 | | | | 1,000,000 | |
Ohio State HFA Residential Management Taxable Series I (Housing Revenue, FNMA Insured) ±§ | | | 0.19 | | | | 9-1-39 | | | | 204,000 | | | | 204,000 | |
Warren County OH Health Care Facilities Otterbein Homes Series 1998 B (Health Revenue, U.S. Bank NA LOC) ±§ | | | 0.14 | | | | 7-1-23 | | | | 925,000 | | | | 925,000 | |
| | | | |
| | | | | | | | | | | | | | | 4,119,000 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 98 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Portfolio of investments—August 31, 2012 (unaudited) |
SHORT-TERM INVESTMENT PORTFOLIO
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Oregon: 0.38% | | | | | | | | | | | | | | | | |
Oregon State Department PFOTER (Miscellaneous Revenue, Bank of America NA LIQ) ±144A§ | | | 0.48 | % | | | 5-1-35 | | | $ | 1,000,000 | | | $ | 1,000,000 | |
Oregon State Housing & Community Services Pearl Family Housing Project 2009 Series B-1 (Housing Revenue, U.S. Bank NA LOC) ±§ | | | 0.15 | | | | 2-1-42 | | | | 1,000,000 | | | | 1,000,000 | |
| | | | |
| | | | | | | | | | | | | | | 2,000,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Pennsylvania: 1.20% | | | | | | | | | | | | | | | | |
Doylestown PA Hospital Authority Series B (Health Revenue, PNC Bank NA LOC) ±§ | | | 0.15 | | | | 7-1-37 | | | | 500,000 | | | | 500,000 | |
Montgomery County PA Lower Merion School District Series 2009 A (GO, State Street Bank & Trust Company LOC, State Aid Withholding Insured) ±§ | | | 0.15 | | | | 4-1-27 | | | | 1,000,000 | | | | 1,000,000 | |
Pennsylvania Housing Finance PUTTER Series PT-4653 (Housing Revenue, Bank of America NA LIQ) ±144A§ | | | 0.20 | | | | 10-1-39 | | | | 1,000,000 | | | | 1,000,000 | |
Pennsylvania State Public School Building Authority (Education Revenue, FSA Insured) ±§ | | | 0.24 | | | | 6-1-32 | | | | 1,000,000 | | | | 1,000,000 | |
Philadelphia PA Airport Revenue Series 2005 C-2 (Airport Revenue, Royal Bank of Canada LOC) ±§ | | | 0.17 | | | | 6-15-25 | | | | 960,000 | | | | 960,000 | |
Pittsburgh and Allegheny Counties PA Sports and Exhibition Authority Series B (Miscellaneous Revenue, AGM Insured, PNC Bank
NA SPA) ±§ | | | 0.39 | | | | 11-1-39 | | | | 1,000,000 | | | | 1,000,000 | |
PFOTER Notes Series TNP-1003 (Education Revenue) ±144A§ | | | 0.75 | | | | 6-1-47 | | | | 800,000 | | | | 800,000 | |
| | | | |
| | | | | | | | | | | | | | | 6,260,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Puerto Rico: 0.19% | | | | | | | | | | | | | | | | |
Puerto Rico Sales Tax Financing Corporation Series 3036 (Tax Revenue, Morgan Stanley Bank LIQ) ± | | | 0.17 | | | | 8-1-57 | | | | 1,000,000 | | | | 1,000,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| South Carolina: 1.06% | | | | | | | | | | | | | | | | |
PFOTER Series 730 (Lease Revenue) ±144A§ | | | 0.20 | | | | 12-1-28 | | | | 500,000 | | | | 500,000 | |
South Carolina Public Service Authority (Miscellaneous Revenue) | | | 0.17 | | | | 9-5-12 | | | | 1,000,000 | | | | 1,000,000 | |
South Carolina Public Service Authority (Miscellaneous Revenue) | | | 0.18 | | | | 9-18-12 | | | | 1,000,000 | | | | 1,000,000 | |
South Carolina Public Service Authority (Miscellaneous Revenue) | | | 0.19 | | | | 9-19-12 | | | | 1,000,000 | | | | 1,000,000 | |
South Carolina Public Service Authority (Miscellaneous Revenue) ±144A§ | | | 0.21 | | | | 1-1-50 | | | | 1,000,000 | | | | 1,000,000 | |
South Carolina Public Service Authority JPMorgan Chase PUTTER Series 4046 (Miscellaneous Revenue, AMBAC Insured, JPMorgan Chase Bank LIQ) ±144A§ | | | 0.19 | | | | 7-1-13 | | | | 1,000,000 | | | | 1,000,000 | |
| | | | |
| | | | | | | | | | | | | | | 5,500,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Tennessee: 0.94% | | | | | | | | | | | | | | | | |
Johnson City TN Health & Educational Facilities Board (Health Revenue, PNC Bank NA LOC) ±§ | | | 0.19 | | | | 7-1-33 | | | | 480,000 | | | | 480,000 | |
JPMorgan Chase PUTTER Trust Series 4149 (Tax Revenue, JPMorgan Chase Bank LOC) ±144A§ | | | 0.22 | | | | 10-1-13 | | | | 2,000,000 | | | | 2,000,000 | |
Montgomery County TN Public Building Authority (Miscellaneous Revenue, Bank of America NA LOC) ± | | | 0.25 | | | | 2-1-36 | | | | 410,000 | | | | 410,000 | |
Montgomery County TN Public Building Authority Pooled Financing Revenue (Miscellaneous Revenue, Bank of America NA LOC) ±§ | | | 0.25 | | | | 7-1-34 | | | | 2,000,000 | | | | 2,000,000 | |
| | | | |
| | | | | | | | | | | | | | | 4,890,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Texas: 2.94% | | | | | | | | | | | | | | | | |
Bexar County TX Health Facilities Development (Health Revenue, JPMorgan Chase Bank LOC) ±§ | | | 0.19 | | | | 12-1-32 | | | | 1,920,000 | | | | 1,920,000 | |
Harris County TX Cultural Education Facilities Finance Corporation Hermann Health Series D1 (Health Revenue, JPMorgan Chase Bank LOC) ±§ | | | 0.17 | | | | 6-1-29 | | | | 1,000,000 | | | | 1,000,000 | |
JPMorgan Chase PUTTER Trust (Miscellaneous Revenue) ±144A | | | 0.20 | | | | 8-30-13 | | | | 4,000,000 | | | | 4,000,000 | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 99 | |
SHORT-TERM INVESTMENT PORTFOLIO
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Texas: (continued) | | | | | | | | | | | | | | | | |
Pasadena TX Independent School District Series B (Tax Revenue, AGM Insured, Bank of America NA SPA) ±§ | | | 0.46 | % | | | 2-1-35 | | | $ | 1,000,000 | | | $ | 1,000,000 | |
PFOTER (Miscellaneous Revenue) ±144A§ | | | 0.49 | | | | 8-1-15 | | | | 4,000,000 | | | | 4,000,000 | |
Port Arthur TX Navigation District Environmental Facilities Motiva Enterprises Project Subseries 2009C (Resource Recovery
Revenue) ±§ | | | 0.18 | | | | 12-1-39 | | | | 1,000,000 | | | | 1,000,000 | |
Royal Bank of Canada Municipal Products Incorporated Trust Certificates Series E-18 (Miscellaneous Revenue, Royal Bank of Canada LOC & SPA) ±144A§ | | | 0.17 | | | | 6-1-32 | | | | 1,000,000 | | | | 1,000,000 | |
Texas Municipal Gas Acquisition & Supply Corporation Series 2848 (Miscellaneous Revenue, Morgan Stanley Bank LIQ) ±§ | | | 0.47 | | | | 12-15-26 | | | | 1,000,000 | | | | 1,000,000 | |
Texas State Taxable Product Development Program Series A (Miscellaneous Revenue, Nations Bank NA LOC) ±§ | | | 0.21 | | | | 6-1-45 | | | | 100,000 | | | | 100,000 | |
Tyler TX Health Facilities Development Corporation Mother Frances Hospital Series B (Health Revenue, Bank of America NA LOC) ±§ | | | 0.21 | | | | 7-1-20 | | | | 300,000 | | | | 300,000 | |
| | | | |
| | | | | | | | | | | | | | | 15,320,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Utah: 0.18% | | | | | | | | | | | | | | | | |
Utah State Board of Regents Series A (Education Revenue, Royal Bank of Canada LOC) ±§ | | | 0.20 | | | | 11-1-45 | | | | 923,000 | | | | 923,000 | |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
| | | | |
| Vermont: 0.19% | | | | | | | | | | | | | | | | |
Vermont Educational & Health Buildings Financing Agency Various Norwich University Project Series 2008 (Education Revenue, TD Bank NA LOC) ±§ | | | 0.14 | | | | 9-1-38 | | | | 975,000 | | | | 975,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Washington: 0.38% | | | | | | | | | | | | | | | | |
Seattle WA Eclipse Funding Trust (Port Authority Revenue, U.S. Bank NA LOC) ±144A§ | | | 0.17 | | | | 3-1-35 | | | | 1,995,000 | | | | 1,995,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Wisconsin: 0.48% | | | | | | | | | | | | | | | | |
Wisconsin Housing & EDA Series F (Housing Revenue, GO of Authority Insured) ±§ | | | 0.23 | | | | 5-1-30 | | | | 485,000 | | | | 485,000 | |
Wisconsin PFA Cleveland State University Housing Project Series 2011 (Housing Revenue, Bank of America NA LOC) ±§ | | | 0.36 | | | | 1-1-42 | | | | 1,000,000 | | | | 1,000,000 | |
Wisconsin Public Power PUTTER Series 1232 (Utilities Revenue, BHAC-CR, AMBAC Insured, JPMorgan Chase Bank LIQ) ±§ | | | 0.21 | | | | 7-1-13 | | | | 1,000,000 | | | | 1,000,000 | |
| | | | |
| | | | | | | | | | | | | | | 2,485,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Wyoming: 0.04% | | | | | | | | | | | | | | | | |
Wyoming Student Loan Corporation Series A (Education Revenue, Royal Bank of Canada LOC) ±§ | | | 0.18 | | | | 6-1-35 | | | | 225,000 | | | | 225,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
Total Municipal Obligations (Cost $110,041,420) | | | | | | | | | | | | | | | 110,041,420 | |
| | | | | | | | | | | | | | | | |
| | | | |
Other Instruments: 1.00% | | | | | | | | | | | | | | | | |
City of Austin Texas Municipal Commercial Paper (z) | | | 0.19 | | | | 10-3-12 | | | | 1,000,000 | | | | 999,847 | |
District Of Columbia Variable Rate Demand Note | | | 0.18 | | | | 9-17-12 | | | | 1,000,000 | | | | 1,000,000 | |
GBG LLC Custody Receipts Special Purpose Entity ±144A§ | | | 0.22 | | | | 9-1-27 | | | | 179,000 | | | | 179,000 | |
HSBC Bank plc Private Placement ±144A | | | 0.86 | | | | 1-18-13 | | | | 1,000,000 | | | | 1,001,660 | |
Oakland-Alameda County Series A-2 Other Commercial Paper | | | 0.23 | | | | 9-5-12 | | | | 1,000,000 | | | | 1,000,000 | |
University of Chicago Municipal Commercial Paper (z) | | | 0.20 | | | | 10-23-12 | | | | 1,000,000 | | | | 999,728 | |
| | | | |
Total Other Instruments (Cost $5,180,235) | | | | | | | | | | | | | | | 5,180,235 | |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 100 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Portfolio of investments—August 31, 2012 (unaudited) |
SHORT-TERM INVESTMENT PORTFOLIO
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Repurchase Agreements ^^: 10.51% | | | | | | | | | | | | | | | | |
Barclays Capital Incorporated, dated 8/31/2012, maturity value $24,000,533 (1) | | | 0.20 | % | | | 9-4-12 | | | $ | 24,000,000 | | | $ | 24,000,000 | |
BNP Paribas Securities Corporation, dated 08/31/2012, maturity value $6,000,153 (2) | | | 0.23 | | | | 9-4-12 | | | | 6,000,000 | | | | 6,000,000 | |
GX Clarke & Company, dated 08/31/12, maturity value
$2,000,064 (3) | | | 0.29 | | | | 9-4-12 | | | | 2,000,000 | | | | 2,000,000 | |
Societe Generale New York, dated 08/31/2012, maturity value $22,699,124 (4) | | | 0.20 | | | | 9-4-12 | | | | 22,698,220 | | | | 22,698,220 | |
| | | | |
Total Repurchase Agreements (Cost $54,698,220) | | | | | | | | | | | | | | | 54,698,220 | |
| | | | | | | | | | | | | | | | |
| | | | |
| | | Yield | | | | | | | | | | |
| U.S. Treasury Securities: 1.73% | | | | | | | | | | | | | | | | |
U.S. Treasury Bill (z) | | | 0.12 | | | | 10-4-12 | | | | 2,000,000 | | | | 1,999,765 | |
U.S. Treasury Bill (z) | | | 0.13 | | | | 10-11-12 | | | | 2,000,000 | | | | 1,999,702 | |
U.S. Treasury Bill (z) | | | 0.14 | | | | 2-21-13 | | | | 3,000,000 | | | | 3,018,585 | |
U.S. Treasury Bill (z) | | | 0.14 | | | | 2-28-13 | | | | 2,000,000 | | | | 1,998,623 | |
| | | | |
Total U.S. Treasury Securities (Cost $8,996,071) | | | | | | | | | | | | | | | 9,016,675 | |
| | | | | | | | | | | | | | | | |
| | | | | | | | |
| Total investments in securities | | | | | | | | |
| (Cost $520,460,243)* | | | 100.00 | % | | | 520,480,847 | |
Other assets and liabilities, net | | | 0.00 | | | | 6,612 | |
| | | | | | | | |
| Total net assets | | | 100.00 | % | | $ | 520,487,459 | |
| | | | | | | | |
| ± | Variable rate investment |
| 144A | Security that may be resold to “qualified institutional buyers” under Rule 144A or security offered pursuant to Section 4(2) of the Securities Act of 1933, as amended. |
| (z) | Zero coupon security. Rate represents yield to maturity at time of purchase. |
| (p) | Asset-backed commercial paper |
| § | These securities are subject to a demand feature which reduces the effective maturity. |
| | (1) | U.S. government securities, 2.35% to 5.22%, 4-1-38 to 7-1-42, fair value including accrued interest is $24,720,000. |
| | (2) | U.S. government securities, 0.25% to 4.00%, 2-15-15 to 8-15-15, fair value including accrued interest is $6,120,001. |
| | (3) | U.S. government securities, 0.50% to 10.00%, 11-15-12 to 8-1-42, fair value including accrued interest is $2,053,388. |
| | (4) | U.S. government securities, 1.35% to 7.00%, 11-1-15 to 3-1-48, fair value including accrued interest is $23,379,167. |
| * | Cost for federal income tax purposes is $520,460,243 and unrealized appreciation (depreciation) consists of: |
| | | | |
Gross unrealized appreciation | | $ | 29,811 | |
Gross unrealized depreciation | | | (9,207 | ) |
| | | | |
Net unrealized appreciation | | $ | 20,604 | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Statements of assets and liabilities—August 31, 2012 (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 101 | |
| | | | | | | | | | | | |
| | | Diversified Fixed
Income Portfolio | | | Diversified Stock Portfolio | | | Short-Term
Investment Portfolio | |
| | | |
Assets | | | | | | | | | | | | |
Investments | | | | | | | | | | | | |
In unaffiliated securities (including securities on loan), at value (see cost below) | | $ | 4,708,402,466 | | | $ | 6,984,834,407 | | | $ | 465,782,627 | |
In affiliated securities, at value (see cost below) | | | 193,222,379 | | | | 1,087,212,861 | | | | 0 | |
In repurchase agreements, at amortized cost | | | 0 | | | | 0 | | | | 54,698,220 | |
| | | | | | | | | | | | |
Total investments, at value (see cost below) | | | 4,901,624,845 | | | | 8,072,047,268 | | | | 520,480,847 | |
Segregated cash | | | 0 | | | | 9,779,800 | | | | 0 | |
Foreign currency, at value (see cost below) | | | 18,118,342 | | | | 23,540,846 | | | | 0 | |
Receivable for investments sold | | | 10,243,187 | | | | 252,197 | | | | 981,000 | |
Principal paydown receivable | | | 87,890 | | | | 0 | | | | 0 | |
Receivable for dividends and interest | | | 36,300,065 | | | | 14,655,584 | | | | 99,952 | |
Receivable for daily variation margin on open futures contracts | | | 0 | | | | 2,356,615 | | | | 0 | |
Receivable for securities lending income | | | 372 | | | | 459,153 | | | | 0 | |
Prepaid expenses and other assets | | | 0 | | | | 1,297 | | | | 3,040 | |
| | | | | | | | | | | | |
Total assets | | | 4,966,374,701 | | | | 8,123,092,760 | | | | 521,564,839 | |
| | | | | | | | | | | | |
| | | |
Liabilities | | | | | | | | | | | | |
Payable for investments purchased | | | 179,081,146 | | | | 22,447 | | | | 1,000,000 | |
Payable upon receipt of securities loaned | | | 6,794,438 | | | | 897,621,170 | | | | 0 | |
Due to custodian bank | | | 0 | | | | 0 | | | | 396 | |
Advisory fee payable | | | 1,080,820 | | | | 1,710,292 | | | | 48,349 | |
Accrued expenses and other liabilities | | | 102,333 | | | | 182,650 | | | | 28,635 | |
| | | | | | | | | | | | |
Total liabilities | | | 187,058,737 | | | | 899,536,559 | | | | 1,077,380 | |
| | | | | | | | | | | | |
Total net assets | | $ | 4,779,315,964 | | | $ | 7,223,556,201 | | | $ | 520,487,459 | |
| | | | | | | | | | | | |
| | | |
Investments in unaffiliated securities, at cost | | $ | 4,391,768,906 | | | $ | 6,395,642,283 | | | $ | 465,762,023 | |
| | | | | | | | | | | | |
Investments in affiliated securities, at cost | | $ | 191,383,721 | | | $ | 1,083,693,805 | | | $ | 0 | |
| | | | | | | | | | | | |
Total investments, at cost | | $ | 4,583,152,627 | | | $ | 7,479,336,088 | | | $ | 520,460,243 | |
| | | | | | | | | | | | |
Securities on loan, at value | | $ | 6,658,126 | | | $ | 872,530,000 | | | $ | 0 | |
| | | | | | | | | | | | |
Foreign currency, at cost | | $ | 18,009,276 | | | $ | 23,323,445 | | | $ | 0 | |
| | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 102 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Statements of operations—six months ended August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| | | Diversified Fixed
Income Portfolio | | | Diversified
Stock Portfolio | | | Short-Term
Investment Portfolio | |
| | | |
Investment income | | | | | | | | | | | | |
Dividends* | | $ | 0 | | | $ | 85,129,464 | | | $ | 0 | |
Interest** | | | 62,115,650 | | | | 17,927 | | | | 644,037 | |
Securities lending income, net | | | 17,890 | | | | 3,140,047 | | | | 0 | |
Income from affiliated securities | | | 658,552 | | | | 377,135 | | | | 0 | |
| | | | | | | | | | | | |
Total investment income | | | 62,792,092 | | | | 88,664,573 | | | | 644,037 | |
| | | | | | | | | | | | |
| | | |
Expenses | | | | | | | | | | | | |
Advisory fee | | | 6,215,929 | | | | 10,688,782 | | | | 261,737 | |
Custody and accounting fees | | | 194,243 | | | | 661,893 | | | | 22,582 | |
Professional fees | | | 29,624 | | | | 24,974 | | | | 18,524 | |
Shareholder report expenses | | | 6,949 | | | | 6,311 | | | | 4,666 | |
Trustees’ fees and expenses | | | 6,154 | | | | 6,150 | | | | 6,371 | |
Other fees and expenses | | | 40,098 | | | | 79,047 | | | | 8,260 | |
| | | | | | | | | | | | |
Total expenses | | | 6,492,997 | | | | 11,467,157 | | | | 322,140 | |
Less: Fee waivers and/or expense reimbursements | | | (349,714 | ) | | | (1,697,953 | ) | | | 0 | |
| | | | | | | | | | | | |
Net expenses | | | 6,143,283 | | | | 9,769,204 | | | | 322,140 | |
| | | | | | | | | | | | |
Net investment income | | | 56,648,809 | | | | 78,895,369 | | | | 321,897 | |
| | | | | | | | | | | | |
| | | |
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS | | | | | | | | | | | | |
| | | |
Net realized gains on: | | | | | | | | | | | | |
Unaffiliated securities | | | 14,830,126 | | | | 103,178,641 | | | | 25,960 | |
Affiliated securities | | | 133,664 | | | | 117,510 | | | | 0 | |
Futures transactions | | | 0 | | | | 5,793,464 | | | | 0 | |
| | | | | | | | | | | | |
Net realized gains on investments | | | 14,963,790 | | | | 109,089,615 | | | | 25,960 | |
| | | | | | | | | | | | |
| | | |
Net change in unrealized gains (losses) on: | | | | | | | | | | | | |
Unaffiliated securities | | | 60,295,460 | | | | (218,583,833 | ) | | | 17,605 | |
Affiliated securities | | | 518,642 | | | | 1,518,231 | | | | 0 | |
Futures transactions | | | 0 | | | | (5,478,162 | ) | | | 0 | |
| | | | | | | | | | | | |
Net change in unrealized gains (losses) on investments | | | 60,814,102 | | | | (222,543,764 | ) | | | 17,605 | |
| | | | | | | | | | | | |
Net realized and unrealized gains (losses) on investments | | | 75,777,892 | | | | (113,454,149 | ) | | | 43,565 | |
| | | | | | | | | | | | |
Net increase (decrease) in net assets resulting from operations | | $ | 132,426,701 | | | $ | (34,558,780 | ) | | $ | 365,462 | |
| | | | | | | | | | | | |
| | | |
* Net of foreign dividend withholding taxes of | | | $0 | | | | $4,998,300 | | | | $0 | |
** Net of foreign interest withholding taxes of | | | $706,159 | | | | $11 | | | | $13 | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Statements of changes in net assets | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 103 | |
| | | | | | | | |
| | | Diversified Fixed Income Portfolio | |
| | | Six months ended
August 31, 2012
(unaudited) | | | Year ended
February 29, 2012 | |
| | |
Operations | | | | | | | | |
Net investment income | | $ | 56,648,809 | | | $ | 113,360,487 | |
Net realized gains on investments | | | 14,963,790 | | | | 40,793,256 | |
Net change in unrealized gains (losses) on investments | | | 60,814,102 | | | | 154,825,020 | |
| | | | | | | | |
Net increase in net assets resulting from operations | | | 132,426,701 | | | | 308,978,763 | |
| | | | | | | | |
| | |
Capital share transactions | | | | | | | | |
Contributions | | | 495,754,388 | | | | 1,188,403,780 | |
Withdrawals | | | (446,265,733 | ) | | | (692,293,729 | ) |
| | | | | | | | |
Net increase in net assets resulting from capital share transactions | | | 49,488,655 | | | | 496,110,051 | |
| | | | | | | | |
Total increase in net assets | | | 181,915,356 | | | | 805,088,814 | |
| | | | | | | | |
| | |
Net assets | | | | | | | | |
Beginning of period | | | 4,597,400,608 | | | | 3,792,311,794 | |
| | | | | | | | |
End of period | | $ | 4,779,315,964 | | | $ | 4,597,400,608 | |
| | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 104 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Statements of changes in net assets |
| | | | | | | | |
| | | Diversified Stock Portfolio | |
| | | Six months ended
August 31, 2012
(unaudited) | | | Year ended
February 29, 2012 | |
| | |
Operations | | | | | | | | |
Net investment income | | $ | 78,895,369 | | | $ | 105,026,738 | |
Net realized gains on investments | | | 109,089,615 | | | | 161,685,813 | |
Net change in unrealized gains (losses) on investments | | | (222,543,764 | ) | | | (141,258,476 | ) |
| | | | | | | | |
Net increase (decrease) in net assets resulting from operations | | | (34,558,780 | ) | | | 125,454,075 | |
| | | | | | | | |
| | |
Capital share transactions | | | | | | | | |
Contributions | | | 902,408,249 | | | | 1,725,737,499 | |
Withdrawals | | | (411,764,372 | ) | | | (704,510,357 | ) |
| | | | | | | | |
Net increase in net assets resulting from capital share transactions | | | 490,643,877 | | | | 1,021,227,142 | |
| | | | | | | | |
Total increase in net assets | | | 456,085,097 | | | | 1,146,681,217 | |
| | | | | | | | |
| | |
Net assets | | | | | | | | |
Beginning of period | | | 6,767,471,104 | | | | 5,620,789,887 | |
| | | | | | | | |
End of period | | $ | 7,223,556,201 | | | $ | 6,767,471,104 | |
| | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Statements of changes in net assets | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 105 | |
| | | | | | | | |
| | | Short-Term Investment Portfolio | |
| | | Six months ended
August 31, 2012
(unaudited) | | | Year ended
February 29, 2012 | |
| | |
Operations | | | | | | | | |
Net investment income | | $ | 321,897 | | | $ | 577,464 | |
Net realized gains on investments | | | 25,960 | | | | 3,474 | |
Net change in unrealized gains (losses) on investments | | | 17,605 | | | | (4,578 | ) |
| | | | | | | | |
Net increase in net assets resulting from operations | | | 365,462 | | | | 576,360 | |
| | | | | | | | |
| | |
Capital share transactions | | | | | | | | |
Contributions | | | 135,403,375 | | | | 172,320,496 | |
Withdrawals | | | (87,732,214 | ) | | | (93,094,375 | ) |
| | | | | | | | |
Net increase in net assets resulting from capital share transactions | | | 47,671,161 | | | | 79,226,121 | |
| | | | | | | | |
Total increase in net assets | | | 48,036,623 | | | | 79,802,481 | |
| | | | | | | | |
| | |
Net assets | | | | | | | | |
Beginning of period | | | 472,450,836 | | | | 392,648,355 | |
| | | | | | | | |
End of period | | $ | 520,487,459 | | | $ | 472,450,836 | |
| | | | | | | | |
The accompanying notes are an integral part of these financial statements.
| | | | |
| 106 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Financial highlights |
| | | | | | | | | | | | | | | | | | | | |
| | | Ratio to average net assets (annualized) | | | Total
return1 | | | Portfolio turnover
rate | |
| | Net investment
income | | | Gross
expenses | | | Net
expenses | | | |
| | | | | |
Diversified Fixed Income Portfolio | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | | 2.39 | % | | | 0.27 | % | | | 0.26 | % | | | 2.80 | % | | | 20 | % |
March 1, 2011 to February 29, 2012 | | | 2.66 | % | | | 0.27 | % | | | 0.26 | % | | | 7.41 | % | | | 52 | % |
March 1, 2010 to February 28, 2011 | | | 2.84 | % | | | 0.28 | % | | | 0.26 | % | | | 5.58 | % | | | 57 | % |
March 1, 2009 to February 28, 2010 | | | 3.47 | % | | | 0.31 | % | | | 0.28 | % | | | 10.44 | % | | | 113 | % |
March 1, 2008 to February 28, 2009 | | | 4.18 | % | | | 0.35 | % | | | 0.35 | % | | | 0.00 | % | | | 51 | % |
March 1, 2007 to February 29, 2008 | | | 4.54 | % | | | 0.35 | % | | | 0.35 | % | | | 9.56 | % | | | 84 | % |
| | | | | |
Diversified Stock Portfolio | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | | 2.24 | % | | | 0.33 | % | | | 0.28 | % | | | (0.77 | )% | | | 7 | % |
March 1, 2011 to February 29, 2012 | | | 1.79 | % | | | 0.33 | % | | | 0.28 | % | | | 0.86 | % | | | 17 | % |
March 1, 2010 to February 28, 2011 | | | 1.65 | % | | | 0.34 | % | | | 0.28 | % | | | 25.76 | % | | | 18 | % |
March 1, 2009 to February 28, 2010 | | | 1.66 | % | | | 0.38 | % | | | 0.31 | % | | | 66.83 | % | | | 22 | % |
March 1, 2008 to February 28, 2009 | | | 2.02 | % | | | 0.43 | % | | | 0.42 | % | | | (46.36 | )% | | | 29 | % |
March 1, 2007 to February 29, 2008 | | | 1.66 | % | | | 0.43 | % | | | 0.43 | % | | | (2.23 | )% | | | 29 | % |
| | | | | |
Short-Term Investment Portfolio | | | | | | | | | | | | | | | | | | | | |
March 1, 2012 to August 31, 2012 (unaudited) | | | 0.12 | % | | | 0.12 | % | | | 0.12 | % | | | 0.00 | % | | | N/A | |
March 1, 2011 to February 29, 2012 | | | 0.13 | % | | | 0.12 | % | | | 0.12 | % | | | 0.00 | % | | | N/A | |
March 1, 2010 to February 28, 2011 | | | 0.20 | % | | | 0.14 | % | | | 0.14 | % | | | 0.00 | % | | | N/A | |
March 1, 2009 to February 28, 2010 | | | 0.24 | % | | | 0.17 | % | | | 0.16 | % | | | 0.45 | % | | | N/A | |
March 1, 2008 to February 28, 2009 | | | 2.32 | % | | | 0.19 | % | | | 0.18 | % | | | 0.92 | % | | | N/A | |
March 1, 2007 to February 29, 2008 | | | 4.99 | % | | | 0.17 | % | | | 0.16 | % | | | 4.81 | % | | | N/A | |
| 1. | Returns for periods of less than one year are not annualized. |
The accompanying notes are an integral part of these financial statements.
| | | | | | |
| Notes to financial statements (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 107 | |
1. ORGANIZATION
Wells Fargo Master Trust (the “Trust”), a Delaware statutory trust organized on March 10, 1999, is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”). These financial statements report on the following funds: Wells Fargo Advantage Diversified Fixed Income Portfolio (“Diversified Fixed Income Portfolio”), Wells Fargo Advantage Diversified Stock Portfolio (“Diversified Stock Portfolio”) and Wells Fargo Advantage Short-Term Investment Portfolio (“Short-Term Investment Portfolio”) (each, a “Portfolio”, collectively, the “Portfolios”).
The Portfolios, which are master portfolios in a master/feeder structure, offer their shares to multiple feeder funds and other master portfolios rather than directly to the public.
2. SIGNIFICANT ACCOUNTING POLICIES
The following significant accounting policies, which are consistently followed in the preparation of the financial statements of each Portfolio, are in conformity with U.S. generally accepted accounting principles which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Securities valuation
Investments in equity securities are valued each business day as of the close of regular trading on the New York Stock Exchange, which is usually 4:00 p.m. (Eastern Time). Securities which are traded on a national or foreign securities exchange are valued at the last reported sales price, except that securities listed on The Nasdaq Stock Market, Inc. (“Nasdaq”) are valued at the Nasdaq Official Closing Price (“NOCP”), and if no NOCP is available, then at the last reported sales price. If no sales price is shown on the Nasdaq, the bid price will be used. In the absence of any sale of securities listed on the Nasdaq, and in the case of other securities (including U.S. Government obligations, but excluding debt securities maturing in 60 days or less), the price will be deemed “stale” and the valuations will be determined in accordance with the Portfolios’ Valuation Procedures.
Securities denominated in foreign currencies are translated into U.S. dollars using the closing rates of exchange in effect on the day of valuation.
Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange and therefore may not fully reflect trading or events that occur after the close of the principal exchange in which the foreign securities are traded, but before the close of the New York Stock Exchange. If such trading or events are expected to materially affect the value of securities, then fair value pricing procedures approved by the Board of Trustees are applied. These procedures take into account multiple factors including movements in U.S. securities markets after foreign exchanges close. As a result of the fair value pricing procedures, these securities which are normally categorized as Level 1 in the fair value hierarchy will represent a transfer from a Level 1 to a Level 2 security and will be categorized as Level 2. Depending on market activity, such fair valuations may be frequent. Such fair value pricing may result in NAVs that are higher or lower than NAVs based on the last reported sales price or latest quoted bid price. On August 31, 2012, fair value pricing was not used in pricing foreign securities.
Fixed income securities acquired with maturities exceeding 60 days are valued based on evaluated prices received from an independent pricing service which may utilize both transaction data and market information such as yield, prices of securities of comparable quality, coupon rate, maturity, type of issue, trading characteristics and other market data. If valuations are not available from the independent pricing service or values received are deemed not representative of market value, values will be obtained from a broker-dealer or otherwise determined based on the Portfolios’ Valuation Procedures.
Debt securities of sufficient credit quality acquired with maturities of 60 days or less generally are valued at amortized cost which approximates fair value. The amortized cost method involves valuing a security at its cost, plus accretion of discount or minus amortization of premium over the period until maturity.
Investments in registered open-end mutual funds are valued at net asset value. Non-registered investment companies are fair valued at net asset value.
Investments which are not valued using any of the methods discussed above are valued at their fair value, as determined by procedures established in good faith and approved by the Board of Trustees. The Board of Trustees has established a Valuation Committee comprised of the Trustees and has delegated to it the authority to take any actions regarding the
| | | | |
| 108 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Notes to financial statements (unaudited) |
valuation of portfolio securities that the Valuation Committee deems necessary in determining the fair value of portfolio securities, unless the responsibility has been delegated to the Management Valuation Team of Wells Fargo Funds Management, LLC (“Funds Management”). The Board of Trustees retains the authority to make any valuation decisions or approve any changes to the Valuation Procedures as it deems appropriate. On a quarterly basis, the Board of Trustees receives a report on any valuation actions taken by the Valuation Committee or the Management Valuation Team.
Valuations of fair valued securities are compared to the next actual sales price when available, or other appropriate market information to assess the continued appropriateness of the fair valuation methodology used. These securities are fair valued on a day-to-day basis, taking into consideration changes to appropriate market information and any significant changes to the input factors considered in the valuation process until there is a readily available price provided on the exchange or by an independent pricing service. Valuations received from an independent pricing service or broker quotes are periodically validated by comparisons to most recent trades and valuations provided by other independent pricing services in addition to the review of prices by the adviser and/or subadviser. Unobservable inputs used in determining fair valuations are identified based on the type of security, taking into consideration factors utilized by market participants in valuing the investment, knowledge about the issuer and the current market environment.
Foreign currency translation
The accounting records of the Portfolios are maintained in U.S. dollars. Assets, including investment securities, and liabilities denominated in foreign currency are translated into U.S. dollars at the prevailing rates of exchange at the date of valuation. Purchases and sales of securities, and income and expenses are translated at the prevailing rate of exchange on the respective dates of such transactions. Reported net realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded and the U.S. dollar equivalent of the amounts actually paid or received. Net unrealized foreign exchange gains and losses arise from changes in the fair value of assets and liabilities other than investments in securities resulting in changes in exchange rates.
The changes in net assets arising from changes in exchange rates and the changes in net assets resulting from changes in market prices of securities are not separately presented. Such changes are recorded with net realized and unrealized gains or losses from investments. Gains and losses from certain foreign currency transactions are treated as ordinary income for U.S. federal income tax purposes.
Repurchase agreements
The Portfolios may invest in repurchase agreements and may participate in pooled repurchase agreement transactions with other funds advised by Funds Management. The repurchase agreements must be fully collateralized based on values that are marked-to-market daily. The collateral may be held by an agent bank under a tri-party agreement. It is the custodian’s responsibility to value collateral daily and to take action to obtain additional collateral as necessary to maintain market value equal to or greater than the resale price. The repurchase agreements are collateralized by instruments such as U.S. Treasury, federal agency, or high-grade corporate obligations. There could be potential loss to a Portfolio in the event that such Portfolio is delayed or prevented from exercising its rights to dispose of the collateral, including the risk of a possible decline in the value of the underlying obligations during the period in which a Portfolio seeks to assert its rights.
Security loans
The Portfolios may lend their securities from time to time in order to earn additional income in the form of fees or interest on securities received as collateral or the investment of any cash received as collateral. The Portfolios continue to receive interest or dividends on the securities loaned. The Portfolios receive collateral in the form of cash or securities with a value at least equal to the value of the securities on loan. The value of the loaned securities is determined at the close of each business day and any additional required collateral is delivered to the Portfolios on the next business day. In a securities lending transaction, the net asset value of the Portfolios will be affected by an increase or decrease in the value of the securities loaned and by an increase or decrease in the value of the instrument in which collateral is invested. The amount of securities lending activity undertaken by the Portfolios fluctuate from time to time, In the event of default or bankruptcy by the borrower, the Portfolios may be prevented from recovering the loaned securities or gaining access to the collateral or may experience delays or costs in doing so. In addition, the investment of any cash collateral received may lose all or part of its value. The Portfolios have the right under the lending agreement to recover the securities from the borrower on demand.
The Portfolios lend their securities through an unaffiliated securities lending agent. Cash collateral received in connection with its securities lending transactions is invested in Wells Fargo Securities Lending Cash Investments, LLC (the “Cash Collateral Fund”). The Cash Collateral Fund is exempt from registration under Section 3(c)(7) of the 1940 Act and is managed by Funds Management and is subadvised by Wells Capital Management Incorporated (“WellsCap”). Funds Management receives an advisory fee starting at 0.05% and declining to 0.01% as the average daily net assets of the Cash
| | | | | | |
| Notes to financial statements (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 109 | |
Collateral Fund increase. All of the fees received by Funds Management are paid to Wells Capital Management for its services as subadviser. The Cash Collateral Fund seeks to provide a positive return compared to the daily Fed Funds Open rate by investing in high-quality, U.S. dollar-denominated short-term money market instruments. Cash Collateral Fund investments are fair valued based upon the amortized cost valuation technique. Income earned from investment in the Cash Collateral Fund is included in securities lending income on the Statements of Operations.
When-issued transactions
Each Portfolio may purchase securities on a forward commitment or ‘when-issued’ basis. A Portfolio records a when-issued transaction on the trade date and will segregate assets in an amount at least equal in value to the Portfolio’s commitment to purchase when-issued securities. Securities purchased on a when-issued basis are marked-to-market daily and the Portfolio begins earning interest on the settlement date. Losses may arise due to changes in the market value of the underlying securities or if the counterparty does not perform under the contract.
Futures contracts
Each Portfolio may be subject to equity price risk in the normal course of pursuing its investment objectives. The Portfolio may buy and sell futures contracts in order to gain exposure to, or protect against, changes in security values and interest rates. The primary risks associated with the use of futures contracts are the imperfect correlation between changes in market values of securities held by the Portfolio and the prices of futures contracts, and the possibility of an illiquid market.
Futures contracts are valued based upon their quoted daily settlement prices when available. The aggregate principal amounts of the contracts are not recorded in the financial statements. Fluctuations in the value of the contracts are recorded in the Statements of Assets and Liabilities as an asset or liability and in the Statements of Operations as unrealized gains or losses until the contracts are closed, at which point they are recorded as net realized gains or losses on futures contracts. With futures contracts, there is minimal counterparty risk to the Portfolio since futures are exchange traded and the exchange’s clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default.
Mortgage dollar roll transactions
The Portfolios may engage in mortgage dollar roll transactions with respect to mortgage-backed securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC). In a mortgage dollar roll transaction, a Portfolio sells a mortgage-backed security to a financial institution, such as a bank or broker-dealer and simultaneously agrees to repurchase a substantially similar security from the institution at a later date at an agreed upon price. The mortgage-backed securities that are repurchased will bear the same interest rate as those sold, but generally will be collateralized by different pools of mortgages with different pre-payment histories. During the roll period, a Portfolio foregoes principal and interest paid on the securities. A Portfolio is compensated by the difference between the current sales price and the forward price for the future purchase as well as by the earnings on the cash proceeds of the initial sale. Mortgage dollar rolls may be renewed without physical delivery of the securities subject to the contract. The Portfolios account for TBA dollar roll transactions as purchases and sales.
Security transactions and income recognition
Securities transactions are recorded on a trade date basis. Realized gains or losses are reported on the basis of identified cost of securities delivered.
Interest income is accrued daily and bond discounts are accreted and premiums are amortized daily based on the effective interest method. To the extent debt obligations are placed on non-accrual status, any related interest income may be reduced by writing off interest receivables when the collection of all or a portion of interest has become doubtful based on consistently applied procedures. If the issuer subsequently resumes interest payments or when the collectability of interest is reasonably assured, the debt obligation is removed from non-accrual status.
Dividend income is recognized on the ex-dividend date, except for certain dividends from foreign securities, which are recorded as soon as the Portfolio is informed of the ex-dividend date.
Income from foreign securities is recorded net of foreign taxes withheld where recovery of such taxes is not assured.
Federal and other taxes
Each Portfolio is treated as a separate entity for federal income tax purposes. The Portfolios are not required to pay federal income taxes on their net investment income and net capital gain as they are treated as partnerships for federal income tax purposes. All interest, dividends, gains and losses of a Portfolio are deemed to have been “passed through” to the interestholders in proportion to their holdings of the Portfolio regardless of whether such interest, dividends and gains have been distributed by the Portfolio.
| | | | |
| 110 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Notes to financial statements (unaudited) |
Each Portfolio’s income and federal excise tax returns and all financial records supporting those returns for the prior three fiscal years are subject to examination by the federal and Delaware revenue authorities. Management has analyzed each Portfolio’s tax positions taken on federal, state, and foreign tax returns for all open tax years and does not believe that there are any uncertain tax positions that require recognition of a tax liability.
3. FAIR VALUATION MEASUREMENTS
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs utilized in determining the value of each Portfolio’s investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to significant unobservable inputs (Level 3). Each Portfolio’s investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three broad levels as follows:
| n | | Level 1 – quoted prices in active markets for identical securities |
| n | | Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
| n | | Level 3 – significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments) |
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
As of August 31, 2012, the inputs used in valuing each Portfolio’s assets, which were carried at fair value, were as follows:
| | | | | | | | | | | | | | | | |
| Investments in Securities | | Quoted prices (Level 1) | | | Significant other
observable Inputs (Level 2) | | | Significant unobservable Inputs (Level 3) | | | Total | |
Diversified Fixed Income Portfolio | | | | | | | | | | | | | | | | |
| | | | |
Agency securities | | $ | 0 | | | $ | 1,338,193,032 | | | $ | 0 | | | $ | 1,338,193,032 | |
| | | | |
Corporate bonds and notes | | | 0 | | | | 1,007,294,562 | | | | 0 | | | | 1,007,294,562 | |
| | | | |
Foreign government bonds | | | 0 | | | | 1,168,221,014 | | | | 0 | | | | 1,168,221,014 | |
| | | | |
U.S. Treasury securities | | | 1,035,080,847 | | | | 0 | | | | 0 | | | | 1,035,080,847 | |
| | | | |
Yankee corporate bonds and notes | | | 0 | | | | 175,943,461 | | | | 0 | | | | 175,943,461 | |
| | | | |
Other | | | 0 | | | | 0 | | | | 385,167 | | | | 385,167 | |
| | | | |
Short-term investments | | | | | | | | | | | | | | | | |
Investment companies | | | 169,874,378 | | | | 6,632,384 | | | | 0 | | | | 176,506,762 | |
| | | $ | 1,204,955,225 | | | $ | 3,696,284,453 | | | $ | 385,167 | | | $ | 4,901,624,845 | |
Diversified Stock Portfolio | | | | | | | | | | | | | | | | |
| | | | |
Equity securities | | | | | | | | | | | | | | | | |
| | | | |
Common stocks | | $ | 6,921,503,218 | | | $ | 27,883,541 | | | $ | 15,696 | | | $ | 6,949,402,455 | |
| | | | |
Investment companies | | | 581,002 | | | | 0 | | | | 0 | | | | 581,002 | |
| | | | |
Preferred stocks | | | 54,473,061 | | | | 0 | | | | 0 | | | | 54,473,061 | |
| | | | |
Rights | | | 0 | | | | 90,195 | | | | 0 | | | | 90,195 | |
| | | | |
Warrants | | | 0 | | | | 17,093 | | | | 0 | | | | 17,093 | |
| | | | |
Foreign corporate bonds | | | 0 | | | | 6,757 | | | | 0 | | | | 6,757 | |
| | | | |
Foreign government bonds | | | 0 | | | | 10,027 | | | | 0 | | | | 10,027 | |
| | | | |
Other | | | 0 | | | | 0 | | | | 1,373,516 | | | | 1,373,516 | |
| | | | |
Short-term investments | | | | | | | | | | | | | | | | |
Investment companies | | | 169,049,881 | | | | 897,043,281 | | | | 0 | | | | 1,066,093,162 | |
| | | $ | 7,145,607,162 | | | $ | 925,050,894 | | | $ | 1,389,212 | | | $ | 8,072,047,268 | |
| | | | | | |
| Notes to financial statements (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 111 | |
| | | | | | | | | | | | | | | | |
| Investments in Securities | | Quoted prices (Level 1) | | | Significant other
observable inputs (Level 2) | | | Significant unobservable inputs (Level 3) | | | Total | |
Short-Term Investment Portfolio | | | | | | | | | | | | | | | | |
| | | | |
Agency securities | | $ | 0 | | | $ | 5,999,425 | | | $ | 0 | | | $ | 5,999,425 | |
| | | | |
Certificates of deposit | | | 0 | | | | 105,000,281 | | | | 0 | | | | 105,000,281 | |
| | | | |
Commercial paper | | | 0 | | | | 220,936,698 | | | | 0 | | | | 220,936,698 | |
| | | | |
Corporate bonds and notes | | | 0 | | | | 9,607,893 | | | | 0 | | | | 9,607,893 | |
| | | | |
Municipal obligations | | | 0 | | | | 110,041,420 | | | | 0 | | | | 110,041,420 | |
| | | | |
Other instruments | | | 0 | | | | 5,180,235 | | | | 0 | | | | 5,180,235 | |
| | | | |
Repurchase agreements | | | 0 | | | | 54,698,220 | | | | 0 | | | | 54,698,220 | |
| | | | |
U.S. Treasury securities | | | 9,016,675 | | | | 0 | | | | 0 | | | | 9,016,675 | |
| | | $ | 9,016,675 | | | $ | 511,464,172 | | | $ | 0 | | | $ | 520,480,847 | |
Further details on the major security types listed above can be found in the Summary Portfolio of Investments or Portfolio of Investments.
As of August 31, 2012, the inputs used in valuing Diversified Stock Portfolio’s other financial instruments, which are carried at fair value, were as follows:
| | | | | | | | | | | | | | | | |
| Futures contracts + | | Quoted prices (Level 1) | | | Significant other
observable inputs (Level 2) | | | Significant unobservable inputs (Level 3) | | | Total | |
Diversified Stock Portfolio | | $ | 10,024,379 | | | $ | 0 | | | $ | 0 | | | $ | 10,024,379 | |
| + | Futures contracts are presented at the unrealized gains or losses on the instruments. |
Transfers in and transfers out are recognized at the end of the reporting period. For the six months ended August 31, 2012, the Portfolios did not have any transfers into/out of Level 1 and Level 2.
4. TRANSACTIONS WITH AFFILIATES AND OTHER EXPENSES
Advisory Fees
The Trust has entered into an advisory contract with Funds Management, an indirect wholly owned subsidiary of Wells Fargo & Company (“Wells Fargo”). The adviser is responsible for implementing investment policies and guidelines and for supervising the subadvisers, who are responsible for day-to-day portfolio management of the Portfolios.
Pursuant to the contract, Funds Management is entitled to receive an annual advisory fee starting at 0.30% and declining to 0.24% as the average daily net assets of Diversified Fixed Income Portfolio increase. Funds Management is entitled to receive an annual advisory fee starting at 0.35% and declining to 0.29% as the average daily net assets of Diversified Stock Portfolio increase. Funds Management is entitled to receive an annual advisory fee of 0.10% of the average daily net assets of Short-Term Investment Portfolio. For the six months ended August 31, 2012, the advisory fee was equivalent to an annual rate for each Portfolio as follows:
| | | | |
| | | Advisory Fee | |
Diversified Fixed Income Portfolio | | | 0.26 | % |
Diversified Stock Portfolio | | | 0.30 | |
Short-Term Investment Portfolio | | | 0.10 | |
Funds Management has voluntarily waived and/or reimbursed advisory fees to the extent necessary to maintain certain net operating expense ratios for the Portfolios.
Funds Management has retained the services of certain subadvisers to provide daily portfolio management to the Portfolios. The fees related to subadvisory services are borne directly by Funds Management. WellsCap, an affiliate of Funds Management, is the subadviser to Short-Term Investment Portfolio and is entitled to receive a fee from Funds Management at an annual rate starting at 0.05% and declining to 0.01% as the average daily net assets of Short-Term Investment Portfolio increase. SSgA Funds Management Incorporated, is the subadviser to both Diversified Fixed Income Portfolio and Diversified Stock Portfolio and is entitled to receive an annual subadvisory fee starting at 0.10% and declining to 0.05% as the average daily net assets of each respective Portfolio increases.
| | | | |
| 112 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Notes to financial statements (unaudited) |
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments, excluding short-term securities, for the six months ended August 31, 2012 were as follows:
| | | | | | | | | | | | | | | | |
| | | Purchases at cost | | | Sales proceeds | |
| | | U.S.
Government | | | Non-U.S.
Government | | | U.S.
Government | | | Non-U.S.
Government | |
Diversified Fixed Income Portfolio | | $ | 945,976,310 | | | $ | 274,590,452 | | | $ | 715,376,388 | | | $ | 204,484,423 | |
Diversified Stock Portfolio | | | 0 | | | | 1,065,341,451 | | | | 0 | | | | 443,138,381 | |
6. DERIVATIVE TRANSACTIONS
During the six months ended August 31, 2012, Diversified Stock Portfolio used uninvested cash to enter into futures contracts to gain market exposure.
At August 31, 2012, Diversified Stock Portfolio had long futures contracts outstanding as follows:
| | | | | | | | |
| Expiration date | | Contracts | | Type | | Contract value at August 31, 2012 | | Unrealized gains |
9-21-12 | | 629 Long | | MSCI EAFE E-Mini Index | | $46,184,325 | | $3,428,079 |
9-21-12 | | 514 Long | | Russell 2000 E-Mini Index | | 41,690,540 | | 2,128,550 |
9-21-12 | | 572 Long | | S&P 500 E-Mini Index | | 40,185,860 | | 2,449,460 |
9-21-12 | | 456 Long | | S&P Midcap 400 E-Mini Index | | 44,268,480 | | 2,018,290 |
Diversified Stock Portfolio had an average notional amount of $169,970,831 in long futures contracts during the six months ended August 31, 2012. As of August 31, 2012, Diversified Stock Portfolio had segregated $9,779,800 as cash collateral for open futures contracts.
The receivable for daily variation margin on open futures contracts reflected in the Statements of Assets and Liabilities only represents the current day’s variation margin. The realized gains and change in unrealized losses on futures contracts are reflected in the Statements of Operations.
7. INDEMNIFICATION
Under the Trust’s organizational documents, the officers and directors are indemnified against certain liabilities that may arise out of performance of their duties to the Trust. Additionally, in the normal course of business, the Trust may enter into contracts with service providers that contain a variety of indemnification clauses. The Trust’s maximum exposure under these arrangements is dependent on future claims that may be made against the Portfolios and, therefore, cannot be estimated.
8. NEW ACCOUNTING PRONOUNCEMENT
In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2011-11, Disclosures about Offsetting Assets and Liabilities. ASU 2011-11, which amends FASB ASC Topic 210, Balance Sheet, creates new disclosure requirements which require entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the Statement of Assets and Liabilities or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are effective for interim and annual reporting periods beginning on or after January 1, 2013. Management is currently assessing the potential impact, in addition to expanded financial statement disclosure, that may result from adopting this ASU.
| | | | | | |
| Other information (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 113 | |
TAX INFORMATION
Current tax law generally provides for a maximum tax rate for individual taxpayers of 15% on long-term capital gains and qualifying dividends on corporate stocks. This rate is scheduled to expire at the end of 2012. In the absence of further Congressional action, the maximum tax rate on long-term capital gains for individual taxpayers would increase to 20% and income from dividends would be taxed at the rates applicable to ordinary income.
In addition, for taxable years beginning after December 31, 2012, absent further Congressional action, an additional 3.8% Medicare tax will be imposed on certain net investment income (including ordinary dividends and capital gain distributions received from a Fund and net gains from redemptions or other taxable dispositions of Fund shares) of U.S. individuals, estates and trusts to the extent that such person’s “modified adjusted gross income” (in the case of an individual) or “adjusted gross income” (in the case of an estate or trust) exceed certain threshold amounts.
PROXY VOTING INFORMATION
A description of the policies and procedures used to determine how to vote proxies relating to portfolio securities is available without charge, upon request, by calling 1-800-222-8222, visiting our website at wellsfargoadvantagefunds.com, or visiting the SEC website at sec.gov. Information regarding how the Funds voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 is available without charge on the Funds’ website at wellsfargoadvantagefunds.com or by visiting the SEC website at sec.gov.
PORTFOLIO HOLDINGS INFORMATION
The complete portfolio holdings for the Funds are publicly available on the website (wellsfargoadvantagefunds.com) on a monthly, 30-day or more delayed basis. In addition, top ten holdings information is publicly available on the website on a monthly, seven-day or more delayed basis. Each Fund and Portfolio files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q, which is available without charge by visiting the SEC website at sec.gov. In addition, each Fund’s and Portfolio’s Form N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC, and at regional offices in New York City, at 233 Broadway, and in Chicago, at 175 West Jackson Boulevard, Suite 900. Information about the Public Reference Room may be obtained by calling 1-800-SEC-0330.
| | | | |
| 114 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Other information (unaudited) |
BOARD OF TRUSTEES AND OFFICERS
Each of the Trustees and Officers listed in the table below acts in identical capacities for the Wells Fargo Advantage family of funds, which consists of 138 funds comprising the Wells Fargo Funds Trust, Wells Fargo Variable Trust, Wells Fargo Master Trust and four closed-end funds (collectively the “Fund Complex”). This table should be read in conjunction with the Prospectus and the Statement of Additional Information1. All of the Trustees are also Members of the Audit and Governance Committees of each Trust in the Fund Complex. The mailing address of each Trustee and Officer is 525 Market Street, 12th Floor, San Francisco, CA 94105. Each Trustee and Officer serves an indefinite term, however, each Trustee serves such term until reaching the mandatory retirement age established by the Trustees.
Independent Trustees
| | | | | | |
Name and year of birth | | Position held and length of service* | | Principal occupations during past five years | | Other directorships during
past five years |
Peter G. Gordon
(Born 1942) | | Trustee, since 1998; Chairman, since 2005 | | Co-Founder, Retired Chairman, President and CEO of Crystal Geyser Water Company. Trustee Emeritus, Colby College | | Asset Allocation Trust |
Isaiah Harris, Jr.
(Born 1952) | | Trustee, since 2009 | | Retired. Prior thereto, President and CEO of BellSouth Advertising and Publishing Corp. from 2005 to 2007, President and CEO of BellSouth Enterprises from 2004 to 2005 and President of BellSouth Consumer Services from 2000 to 2003. Emeritus member of the Iowa State University Foundation Board of Governors. Emeritus Member of the Advisory Board of Iowa State University School of Business. Mr. Harris is a certified public accountant. | | CIGNA Corporation; Deluxe Corporation; Asset Allocation Trust |
Judith M. Johnson
(Born 1949) | | Trustee, since 2008; Audit Committee Chairman, since 2008 | | Retired. Prior thereto, Chief Executive Officer and Chief Investment Officer of Minneapolis Employees Retirement Fund from 1996 to 2008. Ms. Johnson is an attorney, certified public accountant and a certified managerial accountant. | | Asset Allocation Trust |
Leroy Keith, Jr.
(Born 1939) | | Trustee, since 2010 | | Chairman, Bloc Global Services (development and construction). Trustee of the Evergreen Funds from 1983 to 2010. Former Managing Director, Almanac Capital Management (commodities firm), former Partner, Stonington Partners, Inc. (private equity fund), former Director, Obagi Medical Products Co. and former Director, Lincoln Educational Services. | | Trustee, Virtus Fund Complex (consisting of 40 portfolios as of 12/31/11); Asset Allocation Trust |
David F. Larcker
(Born 1950) | | Trustee, since 2009 | | James Irvin Miller Professor of Accounting at the Graduate School of Business, Stanford University, Director of Corporate Governance Research Program and Senior Faculty of The Rock Center for Corporate Governance since 2006. From 2005 to 2008, Professor of Accounting at the Graduate School of Business, Stanford University. Prior thereto, Ernst & Young Professor of Accounting at The Wharton School, University of Pennsylvania from 1985 to 2005. | | Asset Allocation Trust |
Olivia S. Mitchell
(Born 1953) | | Trustee, since 2006 | | International Foundation of Employee Benefit Plans Professor, Wharton School of the University of Pennsylvania since 1993. Director of Wharton’s Pension Research Council and Boettner Center on Pensions & Retirement Research, and Research Associate at the National Bureau of Economic Research. Previously, Cornell University Professor from 1978 to 1993. | | Asset Allocation Trust |
Timothy J. Penny
(Born 1951) | | Trustee, since 1996 | | President and CEO of Southern Minnesota Initiative Foundation, a non-profit organization, since 2007 and Senior Fellow at the Humphrey Institute Policy Forum at the University of Minnesota since 1995. Member of the Board of Trustees of NorthStar Education Finance, Inc., a non-profit organization, since 2007. | | Asset Allocation Trust |
| | | | | | |
| Other information (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 115 | |
| | | | | | |
Name and year of birth | | Position held and length of service* | | Principal occupations during past five years | | Other directorships during
past five years |
Michael S. Scofield
(Born 1943) | | Trustee, since 2010 | | Served on the Investment Company Institute’s Board of Governors and Executive Committee from 2008-2011 as well the Governing Council of the Independent Directors Council from 2006-2011 and the Independent Directors Council Executive Committee from 2008-2011. Chairman of the IDC from 2008-2010. Institutional Investor (Fund Directions) Trustee of Year in 2007. Trustee of the Evergreen Funds (and its predecessors) from 1984 to 2010. Chairman of the Evergreen Funds from 2000-2010. Former Trustee of the Mentor Funds. Retired Attorney, Law Offices of Michael S. Scofield. | | Asset Allocation
Trust |
Donald C. Willeke
(Born 1940) | | Trustee, since 1996 | | Principal of the law firm of Willeke & Daniels. General Counsel of the Minneapolis Employees Retirement Fund from 1984 until its consolidation into the Minnesota Public Employees Retirement Association on June 30, 2010. Director and Vice Chair of The Free Trust (non-profit corporation). Director of the American Chestnut Foundation (non-profit corporation). | | Asset Allocation
Trust |
| * | Length of service dates reflect the Trustee’s commencement of service with the Trust’s predecessor entities, where applicable. |
Officers
| | | | | | |
Name and year of birth | | Position held and
length of service | | Principal occupations during past five years | | |
Karla M. Rabusch
(Born 1959) | | President, since 2003 | | Executive Vice President of Wells Fargo Bank, N.A. and President of Wells Fargo Funds Management, LLC since 2003. Senior Vice President and Chief Administrative Officer of Wells Fargo Funds Management, LLC from 2001 to 2003. | | |
C. David Messman
(Born 1960) | | Secretary, since 2000; Chief Legal Officer, since 2003 | | Senior Vice President and Secretary of Wells Fargo Funds Management, LLC since 2001. Vice President and Managing Senior Counsel of Wells Fargo Bank, N.A. since 1996. | | |
Nancy Wiser (Born 1967) | | Treasurer, since 2012 | | Executive Vice President of Wells Fargo Funds Management, LLC since 2011. Chief Operating Officer and Chief Compliance Officer at LightBox Capital Management LLC, from 2008 to 2011. Owned and operated a consulting business providing services to various hedge funds including acting as Chief Operating Officer and Chief Compliance Officer for a hedge fund from 2007 to 2008. Chief Operating Officer and Chief Compliance Officer of GMN Capital LLC from 2006 to 2007. | | |
David Berardi
(Born 1975) | | Assistant Treasurer, since 2009 | | Vice President of Wells Fargo Funds Management, LLC since 2009. Vice President of Evergreen Investment Management Company, LLC from 2008 to 2010. Assistant Vice President of Evergreen Investment Services, Inc. from 2004 to 2008. Manager of Fund Reporting and Control for Evergreen Investment Management Company, LLC from 2004 to 2010. | | |
Jeremy DePalma
(Born 1974) | | Assistant Treasurer, since 2009 | | Senior Vice President of Wells Fargo Funds Management, LLC since 2009. Senior Vice President of Evergreen Investment Management Company, LLC from 2008 to 2010. Vice President, Evergreen Investment Services, Inc. from 2004 to 2007. Head of the Fund Reporting and Control Team within Fund Administration from 2005 to 2010. | | |
Debra Ann Early
(Born 1964) | | Chief Compliance Officer, since 2007 | | Chief Compliance Officer of Wells Fargo Funds Management, LLC since 2007. Chief Compliance Officer of Parnassus Investments from 2005 to 2007. Chief Financial Officer of Parnassus Investments from 2004 to 2007 and Senior Audit Manager of PricewaterhouseCoopers LLP from 1998 to 2004. | | |
| 1. | The Statement of Additional Information includes additional information about the Trustees and is available, without charge, upon request, by calling 1-800-222-8222 or by visiting the website at wellsfargoadvantagefunds.com. |
| | | | |
| 116 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Other information (unaudited) |
BOARD CONSIDERATION OF INVESTMENT ADVISORY AND SUBADVISORY AGREEMENTS:
Target Today Fund, Target 2010 Fund, Target 2015 Fund, Target 2020 Fund, Target 2025 Fund, Target 2030 Fund, Target 2035 Fund, Target 2040 Fund, Target 2045 Fund, Target 2050 Fund, Target 2055, Diversified Stock Portfolio, Diversified Fixed Income Portfolio and Short-Term Investment Portfolio
Under Section 15 of the Investment Company Act of 1940 (the “1940 Act”), the Board of Trustees (each, a “Board” and collectively, the “Boards”) of each of Wells Fargo Funds Trust (“Funds Trust”) and Wells Fargo Master Trust (“Master Trust”) (collectively, the “Trusts”), all the members of which have no direct or indirect interest in the investment advisory and subadvisory agreements and are not “interested persons” of the Trusts, as defined in the 1940 Act (the “Independent Trustees”), must determine whether to approve the continuation of the Trusts’ investment advisory and subadvisory agreements. In this regard, at an in person meeting held on March 29-30, 2012 (the “Meeting”), the Funds Trust Board reviewed and re-approved investment advisory agreements with Wells Fargo Funds Management, LLC (“Funds Management”) for each of the Target Today Fund, Target 2010 Fund, Target 2015 Fund, Target 2020 Fund, Target 2025 Fund, Target 2030 Fund, Target 2035 Fund, Target 2040 Fund, Target 2045 Fund, Target 2050 Fund and Target 2055 Fund (the “Target Date Funds”). The Master Trust Board reviewed and re-approved an investment advisory agreement with Funds Management for each of the Diversified Stock Portfolio, Diversified Fixed Income Portfolio and Short-Term Investment Portfolio (the “Master Portfolios”). The Target Date Funds and the Master Portfolios are, collectively, the “Funds.”
The Funds Trust Board also reviewed and re-approved an investment subadvisory agreement with Global Index Advisors, Inc. (“GIA”) for the Target Date Funds. The Master Trust Board also reviewed and re-approved: an investment subadvisory agreement with (i) SSgA Funds Management, Inc. (“SSgA”) for the Diversified Stock Portfolio and Diversified Fixed Income Portfolio; and (ii) Wells Capital Management Incorporated (“WellsCap”) for the Short-Term Investment Portfolio. The investment advisory agreements with Funds Management and the investment subadvisory agreements with WellsCap, GIA and SSgA (the “Subadvisers”) are collectively referred to as the “Advisory Agreements.”
The Target Date Funds are gateway blended funds that invest all of their assets in the Master Portfolios.
At the Meeting, the Boards considered the factors and reached the conclusions described below relating to the selection of Funds Management and the Subadvisers and the continuation of the Advisory Agreements. Prior to the Meeting, the Trustees conferred extensively among themselves and with representatives of Funds Management about these matters. The Boards also met throughout the year and received information that was useful to them in considering the continuation of the Advisory Agreements. The Independent Trustees were assisted in their evaluation of the Advisory Agreements by independent legal counsel, from whom they received separate legal advice and with whom they met separately from Funds Management.
In providing information to the Boards, Funds Management was guided by a detailed set of requests submitted by the Independent Trustees’ independent legal counsel on their behalf at the start of the Boards’ annual contract renewal process earlier in 2012. In approving the Advisory Agreements, the Boards did not identify any particular information or consideration that was all-important or controlling, and each Trustee likely attributed different weights to various factors.
Nature, extent and quality of services
The Boards received and considered various information regarding the nature, extent and quality of services provided to the Funds by Funds Management and the Subadvisers under the Advisory Agreements. The Boards also received and considered, among other things, information about the background and experience of senior management of Funds Management, and the qualifications, backgrounds, tenures and responsibilities of the portfolio managers primarily responsible for the day-to-day portfolio management of the Funds.
The Boards evaluated the ability of Funds Management and the Subadvisers, based on their respective financial condition, resources, reputation and other attributes, to attract and retain qualified investment professionals, including research, advisory, and supervisory personnel. The Boards further considered the compliance programs and compliance records of Funds Management and the Subadvisers. In addition, the Boards took into account the administrative services provided to the Funds by Funds Management and its affiliates.
The Boards’ decision to approve the continuation of the Advisory Agreements was based on a comprehensive evaluation of information provided to them. In considering these matters, the Boards considered not only the specific information presented in connection with the Meeting, but also the knowledge gained over time through interaction with Funds Management and the Subadvisers about various topics, including Funds Management’s oversight of service providers.
| | | | | | |
| Other information (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 117 | |
The above factors, together with those referenced below, are some of the most important, but not necessarily all, factors considered by the Boards in concluding that the nature, extent and quality of the investment advisory services provided to the Funds by Funds Management and the Subadvisers supported the re-approval of the Advisory Agreements. Although the Boards considered the continuation of the Advisory Agreements for the Funds as part of the larger process of considering the continuation of the advisory agreements for all of the funds, their decision to continue the Advisory Agreements for the Funds was ultimately made on a fund-by-fund basis.
Fund performance and expenses
The Boards considered the performance results for each of the Funds over various time periods ended December 31, 2011. The Boards also considered these results in comparison to the median performance of a universe of relevant funds (the “Universe”) that was determined by Lipper Inc. (“Lipper”) to be similar to the Funds, and in comparison to each Fund’s benchmark index and to other comparative data. Lipper is an independent provider of investment company data. The Boards received a description of the methodology used by Lipper to select the mutual funds in the Universe.
The Funds Trust Board noted that the performance of the Target Date Funds was higher than or in range of the median performance of each Fund’s respective Universe for the periods under review except for the three-year period of the Dow Jones Target Today Fund, Dow Jones Target 2010 Fund, Dow Jones Target 2015 Fund, Dow Jones Target 2020 Fund and Dow Jones Target 2025 Fund. The Funds Trust Board further noted that the performance results for the three-year period for these Target Date Funds warranted further discussion. As part of its further review, the Funds Trust Board received an analysis of, and discussed factors contributing to, the underperformance of these Target Date Funds for the three-year period. The Funds Trust Board noted that the nearer-dated Target Date Funds had a greater allocation of assets to bonds and cash compared to funds in each respective Target Date Fund’s Universe. The Funds Trust Board was satisfied that Funds Management was taking appropriate actions with respect to each of these Target Date Funds’ investment performance.
The Master Trust Board took note of the performance of the Master Portfolios in the context of reviewing the performance of the Target Date Funds that invest substantially all of their assets in the Master Portfolios.
The Funds Trust Board received and considered information regarding the Target Date Funds’ contractual advisory fee and net operating expense ratios and their various components, including actual management fees (which reflect fee waivers, if any), transfer agent, custodian and other non-management fees, Rule 12b-1 and non-Rule 12b-1 fees, service fees and fee waiver and expense reimbursement arrangements. The Funds Trust Board also considered these ratios in comparison to the median ratios of an expense Universe and a narrower expense group of mutual funds (each, an “Expense Group”) that was determined by Lipper to be similar to each Target Date Fund. The Funds Trust Board received a description of the methodology used by Lipper to select the mutual funds in each Target Date Fund’s Expense Group. The Funds Trust Board noted that the net operating expense ratios of each of the Target Date Funds were in range of or lower than each Target Date Fund’s respective Expense Group’s median net operating expense ratios. The Funds Trust Board further noted that Funds Management had agreed to continue contractual fee cap arrangements for the Target Date Funds designed to lower the Funds’ expenses.
With respect to the Master Portfolios, the Master Trust Board reviewed the fee rates that are payable to Funds Management for investment advisory services (as discussed below) relative to an Expense Group.
Based on the above-referenced considerations and other factors, the Boards concluded that the overall performance and expense structure of the Funds supported the re-approval of the Advisory Agreements.
Investment advisory and subadvisory fee rates
The Boards reviewed and considered the contractual investment advisory fee rates that are payable by the Funds to Funds Management for investment advisory services (the “Advisory Agreement Rates”), both on a stand-alone basis and, with respect to the Target Date Funds, on a combined basis with the Funds’ administration fee rates. The Funds Trust Board took into account the separate administrative and other services covered by the administration fee rates. The Funds Trust Board also reviewed and considered the contractual investment subadvisory fee rates that are payable by Funds Management to the Subadvisers for investment subadvisory services (the “Subadvisory Agreement Rates”). In addition, the Funds Trust Board reviewed and considered the existing fee waiver/cap arrangements applicable to the Advisory Agreement Rates and considered the Advisory Agreement Rates after taking the waivers/caps into account (the “Net Advisory Rates”).
The Funds Trust Board received and considered information comparing the Advisory Agreement Rates and Net Advisory Rates, combined with the administration fee rates, with those of other funds in each Target Date Fund’s Expense Group. The Funds Trust Board noted that the Advisory Agreement Rates and Net Advisory Rates for each of the Target Date Funds were in range of or lower than the median rates of each Fund’s respective Expense Group.
| | | | |
| 118 | | Wells Fargo Advantage Dow Jones Target Date Funds | | Other information (unaudited) |
The Funds Trust Board also received and considered information about the portion of the total management fee that was retained by Funds Management after payment of the fee to certain Subadvisers for subadvisory services. The Boards also considered these amounts in comparison to the median amount paid by a sub-advised expense Universe that was determined by Lipper to be similar to the Target Date Funds.
The Boards also received and considered information about the nature and extent of services offered and fee rates charged by Funds Management and the Subadvisers to other types of clients. In this regard, the Boards received information about differences between the services, and the compliance, reporting, and other legal burdens and risks of providing investment advice to mutual funds and those associated with providing advice to non-mutual fund clients such as collective funds or institutional separate accounts.
In each case, the Funds Trust Board determined, with respect to the Target Date Funds, that the Advisory Agreement Rates, both with and without the administration fee rate and before and after waivers, were reasonable in light of the Target Date Funds’ Expense Group information, the net expense ratio commitments, the services covered by the Advisory Agreements and other information provided.
The Master Trust Board received and considered information comparing the Advisory Agreement Rate with the median rate of other funds in each Master Portfolio’s Expense Group. The Master Trust Board noted that the Master Portfolios’ Advisory Agreement Rates were in range of each Master Portfolio’s respective Expense Group median.
The Master Trust Board concluded that the Advisory Agreement Rates were reasonable in light of the Master Portfolios’ Expense Group information and the services covered by the Advisory Agreements.
Both the Funds Trust Board and the Master Trust Board also reviewed and considered the Subadvisory Agreement Rates and concluded that the Subadvisory Agreement Rates were reasonable in light of the services covered by the subadvisory agreements, the sub-advised expense information provided by Lipper, and other information provided.
Profitability
The Boards received and considered a profitability analysis of Funds Management, as well as an analysis of the profitability to the collective Wells Fargo businesses that provide services to the Funds. They considered that the information provided to them was necessarily estimated, and that the profitability information provided to them, especially on a fund-by-fund basis, did not necessarily provide a precise tool for evaluating the appropriateness of each Fund’s Advisory Agreement Rates in isolation. They noted that the levels of profitability reported on a fund-by-fund basis varied widely, depending on, among other things, the size and type of fund. The Boards concluded that the profitability reported by Funds Management was not unreasonable.
The Boards did not consider separate profitability information with respect to WellsCap, because, as an affiliate of Funds Management, its profitability information was subsumed in the collective Wells Fargo profitability analysis provided by Funds Management. The Master Trust Board did not consider separate profitability information with respect to GIA and SSgA, which are not affiliated with Funds Management. The Master Trust Board considered that the subadvisory fees paid to these Subadvisers had been negotiated by Funds Management on an arm’s-length basis and concluded that GIA’s and SSgA’s profitability from their relationships with the Master Portfolios managed by them was not a material factor in determining whether to renew their subadvisory agreements.
Economies of scale
With respect to possible economies of scale, the Boards reviewed the breakpoints in each Fund’s advisory fee and/or administration fee structure (except Short-Term Investment Portfolio), which operate generally to reduce the expenses of the Funds (as a percentage of Fund assets) as the Funds grow in size. They considered that, as a fund shrinks in size, breakpoints conversely result in increasing fee levels. The Boards noted that they would have on-going opportunities to review the appropriate levels of breakpoints in the future, and concluded that the breakpoints as implemented appeared to be a reasonable step toward sharing economies of scale, if any, with the Funds. However, the Boards acknowledged the inherent limitations of any analysis of economies of scale and of any attempt to correlate breakpoints with such economies, stemming largely from the Boards’ understanding that economies of scale are realized, if at all, across a variety of products and services, not just with respect to a single fund.
Other benefits to Funds Management and the Subadvisers
The Boards received and considered information regarding potential “fall-out” or ancillary benefits received by Funds Management and its affiliates and the Subadvisers as a result of their relationship with the Funds. Ancillary benefits could include, among others, benefits directly attributable to the relationship of Funds Management and the Subadvisers with the Funds and benefits potentially derived from an increase in Funds Management’s and each Subadviser’s business as a
| | | | | | |
| Other information (unaudited) | | Wells Fargo Advantage Dow Jones Target Date Funds | | | 119 | |
result of their relationship with the Funds (such as the ability to market to shareholders other financial products offered by Funds Management and its affiliates or the Subadvisers).
The Boards considered that Wells Fargo Funds Distributor, LLC, an affiliate of Funds Management, serves as distributor to the Funds and receives certain compensation for those services. The Boards noted that various financial institutions, including affiliates of Funds Management, may receive distribution-related fees, shareholder servicing payments (including amounts derived from payments under Rule 12b-1 plans) and sub-transfer agency fees in respect of shares sold or held through them and services provided.
The Boards also reviewed information about whether and to what extent soft dollar credits are sought and how any such credits are utilized and any benefits that may be realized by using an affiliated broker.
Other factors and broader review
The Boards also considered the markets for distribution of the Target Date Funds’ shares, including the channels through which the Target Date Funds’ shares are offered and sold. The Boards noted that the Target Date Funds are part of one of the few fund families that have both direct-to-fund and intermediary distribution channels. As discussed above, the Boards review detailed materials received from Funds Management and the Subadvisers annually as part of the re-approval process under Section 15 of the 1940 Act and also review and assess information about the quality of the services that the Funds receive throughout the year. In this regard, the Boards have reviewed reports of Funds Management at each of its quarterly meetings, which include, among other things, portfolio reviews and performance reports. In addition, the Boards confer with portfolio managers at various times throughout the year.
Conclusion
After considering the above-described factors and based on their deliberations and their evaluation of the information described above, the Boards unanimously approved the continuation of the Advisory Agreements for an additional one-year period.
| | | | |
| 120 | | Wells Fargo Advantage Dow Jones Target Date Funds | | List of abbreviations |
The following is a list of common abbreviations for terms and entities that may have appeared in this report.
| ACB | — Agricultural Credit Bank |
| ADR | — American depositary receipt |
| ADS | — American depositary shares |
| AGC-ICC | — Assured Guaranty Corporation - Insured Custody Certificates |
| AGM | — Assured Guaranty Municipal |
| AMBAC | — American Municipal Bond Assurance Corporation |
| AMT | — Alternative minimum tax |
| BAN | — Bond anticipation notes |
| BHAC | — Berkshire Hathaway Assurance Corporation |
| CAB | — Capital appreciation bond |
| CCAB | — Convertible capital appreciation bond |
| CDA | — Community Development Authority |
| CDO | — Collateralized debt obligation |
| COP | — Certificate of participation |
| DRIVER | — Derivative inverse tax-exempt receipts |
| DW&P | — Department of Water & Power |
| DWR | — Department of Water Resources |
| ECFA | — Educational & Cultural Facilities Authority |
| EDA | — Economic Development Authority |
| EDFA | — Economic Development Finance Authority |
| ETF | — Exchange-traded fund |
| FFCB | — Federal Farm Credit Banks |
| FGIC | — Financial Guaranty Insurance Corporation |
| FGLMC | — Federal Government Loan Mortgage Corporation |
| FHA | — Federal Housing Administration |
| FHLB | — Federal Home Loan Bank |
| FHLMC | — Federal Home Loan Mortgage Corporation |
| FICO | — The Financing Corporation |
| FNMA | — Federal National Mortgage Association |
| GDR | — Global depositary receipt |
| GNMA | — Government National Mortgage Association |
| HCFR | — Healthcare facilities revenue |
| HEFA | — Health & Educational Facilities Authority |
| HEFAR | — Higher education facilities authority revenue |
| HFA | — Housing Finance Authority |
| HFFA | — Health Facilities Financing Authority |
| IBC | — Insured bond certificate |
| IDA | — Industrial Development Authority |
| IDAG | — Industrial Development Agency |
| IDR | — Industrial development revenue |
| KRW | — Republic of Korea won |
| LIBOR | — London Interbank Offered Rate |
| LLC | — Limited liability company |
| LLP | — Limited liability partnership |
| MBIA | — Municipal Bond Insurance Association |
| MFHR | — Multifamily housing revenue |
| MSTR | — Municipal securities trust receipts |
| MUD | — Municipal Utility District |
| NATL-RE | — National Public Finance Guarantee Corporation |
| PCFA | — Pollution Control Financing Authority |
| PCR | — Pollution control revenue |
| PFA | — Public Finance Authority |
| PFFA | — Public Facilities Financing Authority |
| PFOTER | — Puttable floating option tax-exempt receipts |
| plc | — Public limited company |
| PUTTER | — Puttable tax-exempt receipts |
| R&D | — Research & development |
| RDA | — Redevelopment Authority |
| RDFA | — Redevelopment Finance Authority |
| REIT | — Real estate investment trust |
| ROC | — Reset option certificates |
| SAVRS | — Select auction variable rate securities |
| SBA | — Small Business Authority |
| SFHR | — Single-family housing revenue |
| SFMR | — Single-family mortgage revenue |
| SPA | — Standby purchase agreement |
| SPDR | — Standard & Poor’s Depositary Receipts |
| STRIPS | — Separate trading of registered interest and principal securities |
| TAN | — Tax anticipation notes |
| TIPS | — Treasury inflation-protected securities |
| TRAN | — Tax revenue anticipation notes |
| TCR | — Transferable custody receipts |
| TTFA | — Transportation Trust Fund Authority |
| TVA | — Tennessee Valley Authority |
| XLCA | — XL Capital Assurance |
This page is intentionally left blank.
This page is intentionally left blank.
For more information
More information about Wells Fargo Advantage Funds is available free upon request. To obtain literature, please write, email, visit the Fund’s website, or call:
Wells Fargo Advantage Funds
P.O. Box 8266
Boston, MA 02266-8266
Email: wfaf@wellsfargo.com
Website: wellsfargoadvantagefunds.com
Individual investors: 1-800-222-8222
Retail investment professionals: 1-888-877-9275
Institutional investment professionals: 1-866-765-0778
This report and the financial statements contained herein are submitted for the general information of the shareholders of Wells Fargo Advantage Funds. If this report is used for promotional purposes, distribution of the report must be accompanied or preceded by a current prospectus. For a current prospectus and, if available, a summary prospectus containing more complete information, including charges and expenses, call 1-800-222-8222 or visit the Fund’s website at wellsfargoadvantagefunds.com. Please consider the investment objectives, risks, charges, and expenses of the investment carefully before investing. This and other information about Wells Fargo Advantage Funds can be found in the current prospectus. Read the prospectus carefully before you invest or send money.
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.
NOT FDIC INSURED ¡ NO BANK GUARANTEE ¡ MAY LOSE VALUE
© 2012 Wells Fargo Funds Management, LLC. All rights reserved.
| | |
 | | 211738 10-12 SOFLD/SAR101 08-12 |
ITEM 2. CODE OF ETHICS
Not required in this filing
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT
Not required in this filing.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES
Not required in this filing.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS
Not required in this filing.
ITEM 6. PORTFOLIO OF INVESTMENTS
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 1 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities: 28.00% | | | | | | | | | | | | | | | | |
FFCB | | | 2.63 | % | | | 4-17-14 | | | $ | 2,600,000 | | | $ | 2,698,869 | |
FHLB | | | 0.38 | | | | 11-27-13 | | | | 9,000,000 | | | | 9,016,110 | |
FHLB | | | 0.38 | | | | 1-29-14 | | | | 2,750,000 | | | | 2,755,079 | |
FHLB | | | 0.55 | | | | 10-25-13 | | | | 200,000 | | | | 200,080 | |
FHLB | | | 0.88 | | | | 12-27-13 | | | | 1,000,000 | | | | 1,008,380 | |
FHLB | | | 2.75 | | | | 3-13-15 | | | | 1,000,000 | | | | 1,059,942 | |
FHLB | | | 3.50 | | | | 12-1-25 | | | | 8,106,728 | | | | 8,741,909 | |
FHLB | | | 4.00 | | | | 6-1-24 | | | | 82,620 | | | | 88,037 | |
FHLB | | | 4.00 | | | | 7-1-25 | | | | 1,055,446 | | | | 1,124,650 | |
FHLB | | | 4.00 | | | | 4-1-26 | | | | 5,015,914 | | | | 5,351,069 | |
FHLB | | | 4.00 | | | | 11-1-40 | | | | 6,093,450 | | | | 6,524,015 | |
FHLB | | | 4.00 | | | | 2-1-41 | | | | 4,490,959 | | | | 4,886,883 | |
FHLB | | | 4.00 | | | | 4-1-41 | | | | 7,225,354 | | | | 7,912,017 | |
FHLB | | | 4.50 | | | | 9-16-13 | | | | 1,500,000 | | | | 1,566,332 | |
FHLB | | | 4.50 | | | | 6-1-14 | | | | 128,787 | | | | 131,380 | |
FHLB | | | 4.50 | | | | 3-1-23 | | | | 187,927 | | | | 202,157 | |
FHLB | | | 4.50 | | | | 3-1-23 | | | | 85,483 | | | | 91,956 | |
FHLB | | | 4.50 | | | | 11-1-23 | | | | 160,328 | | | | 172,469 | |
FHLB | | | 4.50 | | | | 2-1-24 | | | | 199,628 | | | | 214,745 | |
FHLB | | | 4.50 | | | | 5-1-24 | | | | 207,328 | | | | 222,866 | |
FHLB | | | 4.50 | | | | 9-1-24 | | | | 79,424 | | | | 85,376 | |
FHLB | | | 4.50 | | | | 9-1-24 | | | | 136,983 | | | | 147,248 | |
FHLB | | | 4.50 | | | | 12-1-24 | | | | 259,090 | | | | 278,507 | |
FHLB | | | 4.50 | | | | 2-1-41 | | | | 1,505,330 | | | | 1,630,059 | |
FHLB | | | 4.50 | | | | 2-1-41 | | | | 9,441,945 | | | | 10,630,952 | |
FHLB | | | 4.75 | | | | 12-16-16 | | | | 1,000,000 | | | | 1,178,545 | |
FHLB | | | 4.88 | | | | 9-8-17 | | | | 1,000,000 | | | | 1,195,677 | |
FHLB | | | 5.00 | | | | 11-17-17 | | | | 2,000,000 | | | | 2,430,254 | |
FHLB | | | 5.00 | | | | 7-1-25 | | | | 2,696,745 | | | | 2,921,142 | |
FHLB | | | 5.00 | | | | 1-1-40 | | | | 3,454,586 | | | | 3,800,033 | |
FHLB | | | 5.25 | | | | 6-18-14 | | | | 400,000 | | | | 435,797 | |
FHLB | | | 5.38 | | | | 5-18-16 | | | | 3,250,000 | | | | 3,832,296 | |
FHLB | | | 5.38 | | | | 9-30-22 | | | | 100,000 | | | | 130,583 | |
FHLB | | | 5.50 | | | | 12-1-35 | | | | 2,079,055 | | | | 2,287,380 | |
FHLB | | | 6.00 | | | | 4-1-33 | | | | 66,037 | | | | 74,037 | |
FHLB | | | 6.00 | | | | 9-1-37 | | | | 8,368 | | | | 9,203 | |
FHLB | | | 6.00 | | | | 10-1-37 | | | | 89,659 | | | | 98,615 | |
FHLB | | | 6.00 | | | | 11-1-37 | | | | 148,269 | | | | 163,079 | |
FHLB | | | 6.00 | | | | 6-1-38 | | | | 281,235 | | | | 310,470 | |
FHLB | | | 6.00 | | | | 7-1-38 | | | | 262,035 | | | | 288,209 | |
FHLB | | | 6.00 | | | | 8-1-39 | | | | 950,033 | | | | 1,043,744 | |
FHLB | | | 6.00 | | | | 5-1-40 | | | | 3,787,207 | | | | 4,165,508 | |
FHLMC | | | 0.40 | | | | 2-27-14 | | | | 500,000 | | | | 500,498 | |
FHLMC | | | 0.45 | | | | 8-7-14 | | | | 2,000,000 | | | | 2,001,166 | |
FHLMC | | | 0.50 | | | | 10-18-13 | | | | 500,000 | | | | 500,143 | |
FHLMC | | | 0.55 | | | | 12-27-13 | | | | 1,000,000 | | | | 1,000,854 | |
FHLMC | | | 0.55 | | | | 1-9-14 | | | | 1,000,000 | | | | 1,001,030 | |
FHLMC | | | 0.55 | | | | 2-13-15 | | | | 200,000 | | | | 200,714 | |
FHLMC | | | 0.55 | | | | 2-27-15 | | | | 1,000,000 | | | | 1,001,467 | |
FHLMC | | | 0.55 | | | | 2-27-15 | | | | 200,000 | | | | 200,706 | |
| | | | |
| 2 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
FHLMC | | | 0.60 | % | | | 8-24-15 | | | $ | 250,000 | | | $ | 250,054 | |
FHLMC | | | 0.63 | | | | 7-25-14 | | | | 500,000 | | | | 500,766 | |
FHLMC | | | 0.65 | | | | 1-30-15 | | | | 200,000 | | | | 200,959 | |
FHLMC | | | 0.80 | | | | 1-13-15 | | | | 200,000 | | | | 201,010 | |
FHLMC | | | 0.80 | | | | 1-30-15 | | | | 500,000 | | | | 500,956 | |
FHLMC | | | 0.85 | | | | 1-9-15 | | | | 1,000,000 | | | | 1,001,765 | |
FHLMC | | | 0.85 | | | | 2-24-16 | | | | 300,000 | | | | 301,683 | |
FHLMC | | | 0.88 | | | | 10-28-13 | | | | 1,500,000 | | | | 1,511,232 | |
FHLMC | | | 0.88 | | | | 12-19-14 | | | | 1,000,000 | | | | 1,001,441 | |
FHLMC | | | 1.00 | | | | 7-30-14 | | | | 2,000,000 | | | | 2,026,606 | |
FHLMC | | | 1.00 | | | | 12-5-14 | | | | 100,000 | | | | 100,132 | |
FHLMC | | | 1.00 | | | | 12-19-14 | | | | 200,000 | | | | 200,279 | |
FHLMC | | | 1.00 | | | | 6-30-15 | | | | 500,000 | | | | 503,176 | |
FHLMC | | | 1.00 | | | | 2-24-16 | | | | 200,000 | | | | 202,029 | |
FHLMC | | | 1.05 | | | | 9-28-15 | | | | 100,000 | | | | 100,044 | |
FHLMC | | | 1.10 | | | | 7-25-17 | | | | 500,000 | | | | 501,005 | |
FHLMC | | | 1.38 | | | | 2-25-14 | | | | 1,000,000 | | | | 1,016,569 | |
FHLMC | | | 1.60 | | | | 11-2-16 | | | | 200,000 | | | | 200,441 | |
FHLMC | | | 1.63 | | | | 11-14-16 | | | | 200,000 | | | | 200,492 | |
FHLMC | | | 1.75 | | | | 9-10-15 | | | | 1,000,000 | | | | 1,040,898 | |
FHLMC | | | 2.00 | | | | 7-30-19 | | | | 100,000 | | | | 101,567 | |
FHLMC | | | 2.25 | | | | 1-23-17 | | | | 200,000 | | | | 205,624 | |
FHLMC | | | 2.38 | | | | 1-13-22 | | | | 2,580,000 | | | | 2,713,360 | |
FHLMC | | | 2.50 | | | | 1-7-14 | | | | 800,000 | | | | 824,660 | |
FHLMC | | | 2.50 | | | | 4-23-14 | | | | 1,250,000 | | | | 1,296,160 | |
FHLMC ± | | | 2.86 | | | | 10-1-36 | | | | 145,081 | | | | 154,470 | |
FHLMC | | | 2.88 | | | | 2-9-15 | | | | 2,750,000 | | | | 2,917,005 | |
FHLMC | | | 3.00 | | | | 7-28-14 | | | | 1,000,000 | | | | 1,050,163 | |
FHLMC | | | 3.00 | | | | 7-10-19 | | | | 500,000 | | | | 509,345 | |
FHLMC %% | | | 3.00 | | | | 9-1-27 | | | | 18,000,000 | | | | 18,914,062 | |
FHLMC | | | 3.00 | | | | 1-1-27 | | | | 4,700,598 | | | | 4,947,713 | |
FHLMC %% | | | 3.50 | | | | 9-1-42 | | | | 33,000,000 | | | | 34,923,280 | |
FHLMC | | | 3.63 | | | | 10-18-13 | | | | 1,500,000 | | | | 1,556,859 | |
FHLMC | | | 3.75 | | | | 3-27-19 | | | | 1,900,000 | | | | 2,214,361 | |
FHLMC | | | 4.00 | | | | 3-1-14 | | | | 421,495 | | | | 427,613 | |
FHLMC | | | 4.00 | | | | 5-1-23 | | | | 143,018 | | | | 152,529 | |
FHLMC | | | 4.00 | | | | 2-1-24 | | | | 351,007 | | | | 374,351 | |
FHLMC | | | 4.00 | | | | 5-1-24 | | | | 193,499 | | | | 206,186 | |
FHLMC | | | 4.00 | | | | 5-1-24 | | | | 388,988 | | | | 414,493 | |
FHLMC | | | 4.00 | | | | 8-1-24 | | | | 434,366 | | | | 462,846 | |
FHLMC | | | 4.00 | | | | 2-1-25 | | | | 610,211 | | | | 650,222 | |
FHLMC | | | 4.00 | | | | 3-1-25 | | | | 3,846,843 | | | | 4,099,073 | |
FHLMC | | | 4.00 | | | | 6-1-25 | | | | 1,335,809 | | | | 1,423,395 | |
FHLMC | | | 4.00 | | | | 6-1-25 | | | | 352,642 | | | | 375,764 | |
FHLMC | | | 4.00 | | | | 7-1-25 | | | | 41,092 | | | | 43,786 | |
FHLMC | | | 4.00 | | | | 8-1-25 | | | | 231,349 | | | | 246,518 | |
FHLMC | | | 4.00 | | | | 10-1-25 | | | | 141,518 | | | | 150,797 | |
FHLMC | | | 4.00 | | | | 3-1-26 | | | | 736,723 | | | | 785,950 | |
FHLMC | | | 4.00 | | | | 5-1-26 | | | | 702,647 | | | | 749,596 | |
FHLMC | | | 4.00 | | | | 4-1-39 | | | | 1,222,854 | | | | 1,346,711 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 3 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
FHLMC | | | 4.00 | % | | | 5-1-39 | | | $ | 759,099 | | | $ | 812,263 | |
FHLMC | | | 4.00 | | | | 6-1-39 | | | | 422,262 | | | | 451,836 | |
FHLMC | | | 4.00 | | | | 2-1-40 | | | | 650,721 | | | | 696,294 | |
FHLMC %% | | | 4.00 | | | | 9-1-42 | | | | 5,000,000 | | | | 5,347,656 | |
FHLMC | | | 4.00 | | | | 10-1-40 | | | | 2,557,724 | | | | 2,800,797 | |
FHLMC | | | 4.00 | | | | 12-1-40 | | | | 8,470,718 | | | | 9,069,261 | |
FHLMC | | | 4.13 | | | | 9-27-13 | | | | 2,000,000 | | | | 2,083,474 | |
FHLMC | | | 4.38 | | | | 7-17-15 | | | | 1,000,000 | | | | 1,114,052 | |
FHLMC | | | 4.50 | | | | 4-1-18 | | | | 106,787 | | | | 115,441 | |
FHLMC | | | 4.50 | | | | 8-1-18 | | | | 1,411,582 | | | | 1,494,370 | |
FHLMC | | | 4.50 | | | | 10-1-18 | | | | 289,901 | | | | 313,394 | |
FHLMC | | | 4.50 | | | | 5-1-23 | | | | 1,888,197 | | | | 2,031,180 | |
FHLMC | | | 4.50 | | | | 4-1-24 | | | | 163,974 | | | | 179,604 | |
FHLMC | | | 4.50 | | | | 8-1-24 | | | | 1,013,863 | | | | 1,101,378 | |
FHLMC | | | 4.50 | | | | 11-1-24 | | | | 439,203 | | | | 474,382 | |
FHLMC | | | 4.50 | | | | 2-1-25 | | | | 1,037,188 | | | | 1,128,045 | |
FHLMC | | | 4.50 | | | | 8-1-35 | | | | 137,071 | | | | 147,786 | |
FHLMC | | | 4.50 | | | | 9-1-35 | | | | 244,476 | | | | 263,587 | |
FHLMC | | | 4.50 | | | | 1-1-37 | | | | 201,096 | | | | 216,501 | |
FHLMC | | | 4.50 | | | | 10-1-38 | | | | 1,064,796 | | | | 1,146,368 | |
FHLMC | | | 4.50 | | | | 2-1-39 | | | | 121,073 | | | | 130,348 | |
FHLMC | | | 4.50 | | | | 5-1-39 | | | | 157,231 | | | | 169,276 | |
FHLMC | | | 4.50 | | | | 6-1-39 | | | | 4,717,201 | | | | 5,078,576 | |
FHLMC | | | 4.50 | | | | 9-1-39 | | | | 2,983,921 | | | | 3,212,512 | |
FHLMC | | | 4.50 | | | | 10-1-39 | | | | 550,703 | | | | 592,892 | |
FHLMC | | | 4.50 | | | | 10-1-39 | | | | 421,964 | | | | 454,290 | |
FHLMC | | | 4.50 | | | | 1-1-40 | | | | 3,932,677 | | | | 4,359,305 | |
FHLMC | | | 4.50 | | | | 2-1-40 | | | | 11,728,791 | | | | 12,865,549 | |
FHLMC | | | 4.50 | | | | 3-1-40 | | | | 4,703,648 | | | | 5,247,720 | |
FHLMC | | | 4.50 | | | | 8-1-40 | | | | 3,067,302 | | | | 3,310,908 | |
FHLMC | | | 4.50 | | | | 9-1-40 | | | | 588,163 | | | | 634,875 | |
FHLMC | | | 4.50 | | | | 9-1-40 | | | | 4,341,399 | | | | 4,812,366 | |
FHLMC | | | 4.50 | | | | 2-1-41 | | | | 157,460 | | | | 170,507 | |
FHLMC | | | 4.50 | | | | 4-1-41 | | | | 7,270,072 | | | | 7,872,455 | |
FHLMC | | | 4.50 | | | | 7-1-41 | | | | 413,040 | | | | 447,264 | |
FHLMC | | | 4.50 | | | | 10-1-41 | | | | 3,272,502 | | | | 3,523,202 | |
FHLMC ± | | | 4.71 | | | | 6-1-38 | | | | 1,397,015 | | | | 1,497,372 | |
FHLMC | | | 4.75 | | | | 11-17-15 | | | | 2,000,000 | | | | 2,275,046 | |
FHLMC | | | 4.88 | | | | 11-15-13 | | | | 2,300,000 | | | | 2,429,462 | |
FHLMC | | | 4.88 | | | | 6-13-18 | | | | 1,700,000 | | | | 2,075,051 | |
FHLMC | | | 5.00 | | | | 1-1-22 | | | | 1,440,896 | | | | 1,564,170 | |
FHLMC | | | 5.00 | | | | 7-1-22 | | | | 6,818 | | | | 7,385 | |
FHLMC | | | 5.00 | | | | 7-1-22 | | | | 47,524 | | | | 51,590 | |
FHLMC | | | 5.00 | | | | 7-1-22 | | | | 111,371 | | | | 120,639 | |
FHLMC | | | 5.00 | | | | 7-1-22 | | | | 94,757 | | | | 102,642 | |
FHLMC | | | 5.00 | | | | 8-1-22 | | | | 24,582 | | | | 26,627 | |
FHLMC | | | 5.00 | | | | 9-1-22 | | | | 99,589 | | | | 107,876 | |
FHLMC | | | 5.00 | | | | 6-1-23 | | | | 28,710 | | | | 31,054 | |
FHLMC | | | 5.00 | | | | 6-1-23 | | | | 80,991 | | | | 87,604 | |
FHLMC | | | 5.00 | | | | 6-1-23 | | | | 13,895 | | | | 15,029 | |
| | | | |
| 4 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
FHLMC | | | 5.00 | % | | | 10-1-23 | | | $ | 8,312 | | | $ | 8,991 | |
FHLMC | | | 5.00 | | | | 4-1-24 | | | | 6,539 | | | | 7,067 | |
FHLMC | | | 5.00 | | | | 8-1-24 | | | | 34,229 | | | | 36,991 | |
FHLMC | | | 5.00 | | | | 10-1-24 | | | | 535,836 | | | | 579,083 | |
FHLMC | | | 5.00 | | | | 10-1-24 | | | | 470,322 | | | | 508,281 | |
FHLMC | | | 5.00 | | | | 5-1-25 | | | | 970,854 | | | | 1,050,122 | |
FHLMC | | | 5.00 | | | | 8-1-33 | | | | 3,132,179 | | | | 3,477,003 | |
FHLMC | | | 5.00 | | | | 11-1-33 | | | | 312,146 | | | | 341,730 | |
FHLMC | | | 5.00 | | | | 3-1-34 | | | | 295,086 | | | | 322,592 | |
FHLMC | | | 5.00 | | | | 7-1-35 | | | | 1,432,285 | | | | 1,559,978 | |
FHLMC | | | 5.00 | | | | 8-1-35 | | | | 490,251 | | | | 533,959 | |
FHLMC | | | 5.00 | | | | 9-1-35 | | | | 1,239,788 | | | | 1,386,738 | |
FHLMC | | | 5.00 | | | | 4-1-36 | | | | 175,496 | | | | 191,142 | |
FHLMC | | | 5.00 | | | | 12-1-36 | | | | 185,643 | | | | 201,816 | |
FHLMC | | | 5.00 | | | | 2-1-37 | | | | 251,210 | | | | 273,095 | |
FHLMC | | | 5.00 | | | | 3-1-39 | | | | 950,412 | | | | 1,049,965 | |
FHLMC | | | 5.00 | | | | 8-1-39 | | | | 1,829,577 | | | | 2,016,131 | |
FHLMC | | | 5.00 | | | | 8-1-39 | | | | 10,964,056 | | | | 11,912,952 | |
FHLMC | | | 5.00 | | | | 9-1-39 | | | | 2,951,691 | | | | 3,246,888 | |
FHLMC | | | 5.00 | | | | 12-1-39 | | | | 3,591,031 | | | | 3,975,149 | |
FHLMC | | | 5.00 | | | | 6-1-40 | | | | 7,041,897 | | | | 7,759,929 | |
FHLMC | | | 5.00 | | | | 6-1-40 | | | | 6,940,573 | | | | 7,648,274 | |
FHLMC | | | 5.13 | | | | 11-17-17 | | | | 1,000,000 | | | | 1,217,774 | |
FHLMC | | | 5.25 | | | | 4-18-16 | | | | 650,000 | | | | 760,989 | |
FHLMC | | | 5.50 | | | | 8-13-14 | | | | 2,500,000 | | | | 2,756,333 | |
FHLMC | | | 5.50 | | | | 7-18-16 | | | | 650,000 | | | | 773,289 | |
FHLMC | | | 5.50 | | | | 12-1-16 | | | | 47,069 | | | | 50,807 | |
FHLMC | | | 5.50 | | | | 8-1-17 | | | | 2,583 | | | | 2,806 | |
FHLMC | | | 5.50 | | | | 8-23-17 | | | | 3,000,000 | | | | 3,689,778 | |
FHLMC | | | 5.50 | | | | 9-1-17 | | | | 52,314 | | | | 56,522 | |
FHLMC | | | 5.50 | | | | 10-1-17 | | | | 3,313 | | | | 3,599 | |
FHLMC | | | 5.50 | | | | 11-1-17 | | | | 725,976 | | | | 752,530 | |
FHLMC | | | 5.50 | | | | 11-1-17 | | | | 48,709 | | | | 52,653 | |
FHLMC | | | 5.50 | | | | 12-1-17 | | | | 1,475,720 | | | | 1,594,439 | |
FHLMC | | | 5.50 | | | | 3-1-18 | | | | 55,236 | | | | 59,552 | |
FHLMC | | | 5.50 | | | | 2-1-19 | | | | 723,448 | | | | 780,887 | |
FHLMC | | | 5.50 | | | | 6-1-19 | | | | 51,247 | | | | 55,546 | |
FHLMC | | | 5.50 | | | | 1-1-22 | | | | 39,825 | | | | 43,522 | |
FHLMC | | | 5.50 | | | | 5-1-22 | | | | 92,325 | | | | 100,896 | |
FHLMC | | | 5.50 | | | | 11-1-23 | | | | 236,492 | | | | 258,446 | |
FHLMC | | | 5.50 | | | | 12-1-24 | | | | 1,368,275 | | | | 1,500,000 | |
FHLMC | | | 5.50 | | | | 12-1-33 | | | | 493,036 | | | | 544,842 | |
FHLMC | | | 5.50 | | | | 12-1-34 | | | | 530,493 | | | | 583,650 | |
FHLMC | | | 5.50 | | | | 1-1-35 | | | | 1,205,031 | | | | 1,324,271 | |
FHLMC | | | 5.50 | | | | 6-1-35 | | | | 832,338 | | | | 935,768 | |
FHLMC | | | 5.50 | | | | 1-1-36 | | | | 380,867 | | | | 418,555 | |
FHLMC | | | 5.50 | | | | 2-1-36 | | | | 402,910 | | | | 442,778 | |
FHLMC | | | 5.50 | | | | 7-15-36 | | | | 850,000 | | | | 1,192,431 | |
FHLMC | | | 5.50 | | | | 12-1-36 | | | | 569,248 | | | | 623,619 | |
FHLMC | | | 5.50 | | | | 2-1-37 | | | | 546,298 | | | | 597,453 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 5 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
FHLMC | | | 5.50 | % | | | 3-1-37 | | | $ | 570,260 | | | $ | 623,659 | |
FHLMC | | | 5.50 | | | | 4-1-37 | | | | 126,496 | | | | 138,341 | |
FHLMC | | | 5.50 | | | | 1-1-38 | | | | 1,352,081 | | | | 1,481,224 | |
FHLMC | | | 5.50 | | | | 4-1-38 | | | | 1,425,276 | | | | 1,565,820 | |
FHLMC | | | 5.50 | | | | 5-1-38 | | | | 1,025,071 | | | | 1,126,823 | |
FHLMC | | | 5.50 | | | | 5-1-38 | | | | 5,567,345 | | | | 6,083,447 | |
FHLMC | | | 5.50 | | | | 5-1-38 | | | | 3,577,273 | | | | 3,908,892 | |
FHLMC | | | 5.50 | | | | 7-1-38 | | | | 1,055,014 | | | | 1,152,815 | |
FHLMC | | | 5.50 | | | | 7-1-38 | | | | 784,011 | | | | 856,690 | |
FHLMC | | | 5.50 | | | | 8-1-38 | | | | 1,338,722 | | | | 1,466,588 | |
FHLMC | | | 5.50 | | | | 9-1-38 | | | | 289,948 | | | | 316,827 | |
FHLMC | | | 5.50 | | | | 8-1-39 | | | | 2,130,200 | | | | 2,340,254 | |
FHLMC | | | 5.50 | | | | 11-1-39 | | | | 2,033,452 | | | | 2,226,404 | |
FHLMC | | | 5.50 | | | | 3-1-40 | | | | 5,837,531 | | | | 6,384,152 | |
FHLMC | | | 5.50 | | | | 4-1-40 | | | | 2,950,957 | | | | 3,227,282 | |
FHLMC ± | | | 5.59 | | | | 8-1-38 | | | | 1,233,300 | | | | 1,337,960 | |
FHLMC ± | | | 5.59 | | | | 4-1-37 | | | | 145,658 | | | | 158,203 | |
FHLMC | | | 6.00 | | | | 6-1-21 | | | | 1,423 | | | | 1,562 | |
FHLMC | | | 6.00 | | | | 3-1-22 | | | | 216,585 | | | | 239,711 | |
FHLMC | | | 6.00 | | | | 5-1-22 | | | | 6,535 | | | | 7,233 | |
FHLMC | | | 6.00 | | | | 7-1-22 | | | | 155,894 | | | | 170,793 | |
FHLMC | | | 6.00 | | | | 8-1-22 | | | | 13,330 | | | | 14,690 | |
FHLMC | | | 6.00 | | | | 9-1-22 | | | | 235,277 | | | | 259,279 | |
FHLMC | | | 6.00 | | | | 3-1-23 | | | | 490,632 | | | | 540,686 | |
FHLMC | | | 6.00 | | | | 9-1-23 | | | | 175,774 | | | | 194,545 | |
FHLMC | | | 6.00 | | | | 11-1-33 | | | | 672,475 | | | | 753,938 | |
FHLMC | | | 6.00 | | | | 7-1-34 | | | | 688,838 | | | | 764,749 | |
FHLMC | | | 6.00 | | | | 1-1-36 | | | | 106,110 | | | | 118,964 | |
FHLMC | | | 6.00 | | | | 2-1-36 | | | | 1,081,061 | | | | 1,190,736 | |
FHLMC | | | 6.00 | | | | 11-1-36 | | | | 706,042 | | | | 775,685 | |
FHLMC | | | 6.00 | | | | 11-1-36 | | | | 325,049 | | | | 358,025 | |
FHLMC | | | 6.00 | | | | 12-1-36 | | | | 132,700 | | | | 146,163 | |
FHLMC | | | 6.00 | | | | 2-1-37 | | | | 7,880 | | | | 8,679 | |
FHLMC | | | 6.00 | | | | 3-1-37 | | | | 420,370 | | | | 463,017 | |
FHLMC | | | 6.00 | | | | 3-1-37 | | | | 72,438 | | | | 79,674 | |
FHLMC | | | 6.00 | | | | 4-1-37 | | | | 6,005 | | | | 6,604 | |
FHLMC | | | 6.00 | | | | 8-1-37 | | | | 65,086 | | | | 71,588 | |
FHLMC | | | 6.00 | | | | 8-1-37 | | | | 157,076 | | | | 172,766 | |
FHLMC | | | 6.00 | | | | 8-1-37 | | | | 179,490 | | | | 197,419 | |
FHLMC | | | 6.00 | | | | 8-1-37 | | | | 346,873 | | | | 381,522 | |
FHLMC | | | 6.00 | | | | 8-1-37 | | | | 212,962 | | | | 235,100 | |
FHLMC | | | 6.00 | | | | 9-1-37 | | | | 19,770 | | | | 21,745 | |
FHLMC | | | 6.00 | | | | 9-1-37 | | | | 134,466 | | | | 147,897 | |
FHLMC | | | 6.00 | | | | 10-1-37 | | | | 197,752 | | | | 217,505 | |
FHLMC | | | 6.00 | | | | 10-1-37 | | | | 124,098 | | | | 136,736 | |
FHLMC | | | 6.00 | | | | 11-1-37 | | | | 68,045 | | | | 74,842 | |
FHLMC | | | 6.00 | | | | 11-1-37 | | | | 493,928 | | | | 545,273 | |
FHLMC | | | 6.00 | | | | 12-1-37 | | | | 191,632 | | | | 210,774 | |
FHLMC | | | 6.00 | | | | 12-1-37 | | | | 1,537,325 | | | | 1,690,887 | |
FHLMC | | | 6.00 | | | | 1-1-38 | | | | 108,308 | | | | 119,127 | |
| | | | |
| 6 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
FHLMC | | | 6.00 | % | | | 2-1-38 | | | $ | 74,863 | | | $ | 82,341 | |
FHLMC | | | 6.00 | | | | 2-1-38 | | | | 251,278 | | | | 276,378 | |
FHLMC | | | 6.00 | | | | 5-1-38 | | | | 179,866 | | | | 198,564 | |
FHLMC | | | 6.00 | | | | 6-1-38 | | | | 137,736 | | | | 151,495 | |
FHLMC | | | 6.00 | | | | 6-1-38 | | | | 173,101 | | | | 190,392 | |
FHLMC | | | 6.00 | | | | 6-1-38 | | | | 123,536 | | | | 135,876 | |
FHLMC | | | 6.00 | | | | 7-1-38 | | | | 363,555 | | | | 399,870 | |
FHLMC | | | 6.00 | | | | 7-1-38 | | | | 1,670,483 | | | | 1,837,346 | |
FHLMC | | | 6.00 | | | | 8-1-38 | | | | 129,578 | | | | 142,521 | |
FHLMC | | | 6.00 | | | | 8-1-38 | | | | 382,396 | | | | 420,594 | |
FHLMC | | | 6.00 | | | | 8-1-38 | | | | 223,736 | | | | 246,085 | |
FHLMC | | | 6.00 | | | | 9-1-38 | | | | 182,178 | | | | 200,376 | |
FHLMC | | | 6.00 | | | | 9-1-38 | | | | 222,573 | | | | 244,805 | |
FHLMC | | | 6.00 | | | | 9-1-38 | | | | 247,654 | | | | 272,392 | |
FHLMC | | | 6.00 | | | | 10-1-38 | | | | 173,757 | | | | 191,113 | |
FHLMC | | | 6.00 | | | | 12-1-38 | | | | 4,347 | | | | 4,781 | |
FHLMC | | | 6.00 | | | | 3-1-39 | | | | 94,321 | | | | 103,742 | |
FHLMC | | | 6.00 | | | | 4-1-39 | | | | 245,956 | | | | 270,216 | |
FHLMC | | | 6.00 | | | | 6-1-39 | | | | 10,233 | | | | 11,255 | |
FHLMC | | | 6.00 | | | | 8-1-39 | | | | 248,321 | | | | 272,815 | |
FHLMC | | | 6.00 | | | | 9-1-39 | | | | 304,987 | | | | 335,071 | |
FHLMC | | | 6.00 | | | | 10-1-39 | | | | 10,488 | | | | 11,522 | |
FHLMC | | | 6.25 | | | | 7-15-32 | | | | 500,000 | | | | 765,136 | |
FHLMC | | | 6.50 | | | | 6-1-36 | | | | 210,175 | | | | 239,574 | |
FHLMC | | | 6.50 | | | | 10-1-37 | | | | 217,960 | | | | 248,610 | |
FHLMC | | | 6.50 | | | | 12-1-37 | | | | 320,336 | | | | 362,312 | |
FHLMC | | | 6.50 | | | | 3-1-38 | | | | 183,296 | | | | 209,193 | |
FHLMC | | | 6.50 | | | | 3-1-38 | | | | 558,465 | | | | 624,784 | |
FHLMC | | | 6.50 | | | | 1-1-39 | | | | 81,785 | | | | 93,286 | |
FHLMC | | | 6.50 | | | | 4-1-39 | | | | 722,718 | | | | 824,345 | |
FHLMC | | | 6.50 | | | | 4-1-39 | | | | 1,328,958 | | | | 1,515,835 | |
FHLMC | | | 6.75 | | | | 3-15-31 | | | | 1,000,000 | | | | 1,580,994 | |
FICO | | | 9.65 | | | | 11-2-18 | | | | 500,000 | | | | 742,751 | |
FNMA ¤ | | | 0.00 | | | | 6-1-17 | | | | 300,000 | | | | 286,342 | |
FNMA ¤ | | | 0.00 | | | | 10-9-19 | | | | 200,000 | | | | 174,436 | |
FNMA | | | 0.50 | | | | 12-27-13 | | | | 1,000,000 | | | | 1,000,791 | |
FNMA | | | 0.50 | | | | 4-17-15 | | | | 4,000,000 | | | | 4,015,104 | |
FNMA | | | 0.60 | | | | 10-25-13 | | | | 500,000 | | | | 500,180 | |
FNMA | | | 0.60 | | | | 8-20-15 | | | | 250,000 | | | | 250,196 | |
FNMA | | | 0.63 | | | | 12-6-13 | | | | 250,000 | | | | 250,139 | |
FNMA | | | 0.70 | | | | 9-19-14 | | | | 1,000,000 | | | | 1,000,156 | |
FNMA | | | 0.75 | | | | 12-18-13 | | | | 2,500,000 | | | | 2,517,565 | |
FNMA | | | 0.75 | | | | 11-21-14 | | | | 200,000 | | | | 200,179 | |
FNMA | | | 0.75 | | | | 12-19-14 | | | | 4,000,000 | | | | 4,038,140 | |
FNMA | | | 0.75 | | | | 12-19-14 | | | | 500,000 | | | | 500,626 | |
FNMA | | | 0.75 | | | | 9-14-15 | | | | 100,000 | | | | 100,017 | |
FNMA | | | 0.80 | | | | 2-13-15 | | | | 500,000 | | | | 503,695 | |
FNMA | | | 0.88 | | | | 8-28-14 | | | | 2,000,000 | | | | 2,023,216 | |
FNMA | | | 0.90 | | | | 12-5-14 | | | | 250,000 | | | | 250,457 | |
FNMA | | | 1.00 | | | | 9-23-13 | | | | 2,500,000 | | | | 2,520,098 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 7 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
FNMA | | | 1.00 | % | | | 10-15-13 | | | $ | 100,000 | | | $ | 100,644 | |
FNMA | | | 1.00 | | | | 1-26-15 | | | | 200,000 | | | | 200,144 | |
FNMA | | | 1.00 | | | | 1-3-17 | | | | 400,000 | | | | 400,897 | |
FNMA | | | 1.13 | | | | 9-17-13 | | | | 500,000 | | | | 504,297 | |
FNMA | | | 1.13 | | | | 10-8-13 | | | | 500,000 | | | | 504,953 | |
FNMA | | | 1.13 | | | | 6-27-14 | | | | 2,000,000 | | | | 2,031,444 | |
FNMA | | | 1.20 | | | | 3-8-17 | | | | 200,000 | | | | 200,946 | |
FNMA | | | 1.25 | | | | 9-28-16 | | | | 4,000,000 | | | | 4,114,464 | |
FNMA | | | 1.25 | | | | 2-27-17 | | | | 100,000 | | | | 100,370 | |
FNMA | | | 1.25 | | | | 3-6-17 | | | | 100,000 | | | | 100,469 | |
FNMA | | | 1.35 | | | | 2-24-14 | | | | 250,000 | | | | 254,043 | |
FNMA | | | 1.38 | | | | 11-15-16 | | | | 2,000,000 | | | | 2,064,326 | |
FNMA | | | 1.63 | | | | 10-26-15 | | | | 1,000,000 | | | | 1,040,467 | |
FNMA | | | 1.75 | | | | 11-14-16 | | | | 200,000 | | | | 200,534 | |
FNMA | | | 1.75 | | | | 1-30-19 | | | | 200,000 | | | | 202,577 | |
FNMA | | | 1.88 | | | | 10-15-15 | | | | 200,000 | | | | 208,396 | |
FNMA | | | 2.38 | | | | 7-28-15 | | | | 1,500,000 | | | | 1,586,030 | |
FNMA | | | 2.38 | | | | 4-11-16 | | | | 1,000,000 | | | | 1,067,767 | |
FNMA | | | 2.50 | | | | 5-15-14 | | | | 1,500,000 | | | | 1,556,699 | |
FNMA | | | 2.63 | | | | 11-20-14 | | | | 700,000 | | | | 736,143 | |
FNMA ± | | | 2.68 | | | | 2-1-42 | | | | 5,843,049 | | | | 6,097,594 | |
FNMA | | | 2.75 | | | | 3-13-14 | | | | 2,000,000 | | | | 2,075,980 | |
FNMA ± | | | 2.84 | | | | 3-1-37 | | | | 130,810 | | | | 140,176 | |
FNMA | | | 2.88 | | | | 12-11-13 | | | | 1,500,000 | | | | 1,550,799 | |
FNMA ± | | | 2.93 | | | | 3-1-41 | | | | 5,385,894 | | | | 5,638,894 | |
FNMA ± | | | 2.95 | | | | 6-1-35 | | | | 335,126 | | | | 360,223 | |
FNMA | | | 3.00 | | | | 9-16-14 | | | | 2,500,000 | | | | 2,640,085 | |
FNMA | | | 3.00 | | | | 11-1-26 | | | | 4,522,685 | | | | 4,777,279 | |
FNMA %% | | | 3.00 | | | | 9-1-27 | | | | 12,000,000 | | | | 12,658,126 | |
FNMA %% | | | 3.00 | | | | 9-1-42 | | | | 5,000,000 | | | | 5,189,063 | |
FNMA ± | | | 3.02 | | | | 3-1-41 | | | | 6,349,346 | | | | 6,658,586 | |
FNMA ± | | | 3.45 | | | | 10-1-40 | | | | 4,858,503 | | | | 5,137,311 | |
FNMA | | | 3.50 | | | | 11-1-25 | | | | 5,040,452 | | | | 5,363,069 | |
FNMA | | | 3.50 | | | | 12-1-25 | | | | 9,750,970 | | | | 10,521,352 | |
FNMA | | | 3.50 | | | | 12-1-26 | | | | 16,426,528 | | | | 17,477,889 | |
FNMA | | | 3.50 | | | | 1-1-36 | | | | 39,930 | | | | 42,381 | |
FNMA | | | 3.50 | | | | 10-1-40 | | | | 2,537,580 | | | | 2,691,766 | |
FNMA | | | 3.50 | | | | 12-1-40 | | | | 310,637 | | | | 329,512 | |
FNMA | | | 3.50 | | | | 1-1-41 | | | | 1,805,766 | | | | 1,926,773 | |
FNMA | | | 3.50 | | | | 1-1-41 | | | | 67,766 | | | | 71,884 | |
FNMA | | | 3.50 | | | | 1-1-41 | | | | 194,656 | | | | 206,484 | |
FNMA | | | 3.50 | | | | 1-1-41 | | | | 81,249 | | | | 86,186 | |
FNMA | | | 3.50 | | | | 1-1-41 | | | | 542,258 | | | | 575,206 | |
FNMA | | | 3.50 | | | | 2-1-41 | | | | 726,454 | | | | 776,950 | |
FNMA | | | 3.50 | | | | 2-1-41 | | | | 148,324 | | | | 157,336 | |
FNMA | | | 3.50 | | | | 2-1-41 | | | | 671,942 | | | | 712,770 | |
FNMA | | | 3.50 | | | | 2-1-41 | | | | 4,608,917 | | | | 4,888,959 | |
FNMA %% | | | 3.50 | | | | 9-1-42 | | | | 30,500,000 | | | | 32,334,664 | |
FNMA | | | 3.50 | | | | 9-1-42 | | | | 14,868,425 | | | | 15,772,427 | |
FNMA | | | 4.00 | | | | 6-1-19 | | | | 739,106 | | | | 797,394 | |
| | | | |
| 8 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
FNMA | | | 4.00 | % | | | 2-1-24 | | | $ | 26,112 | | | $ | 27,951 | |
FNMA | | | 4.00 | | | | 3-1-24 | | | | 1,270,225 | | | | 1,359,682 | |
FNMA | | | 4.00 | | | | 4-1-24 | | | | 2,370,452 | | | | 2,537,394 | |
FNMA | | | 4.00 | | | | 5-1-24 | | | | 85,414 | | | | 91,429 | |
FNMA | | | 4.00 | | | | 6-1-24 | | | | 518,756 | | | | 555,290 | |
FNMA | | | 4.00 | | | | 6-1-24 | | | | 270,532 | | | | 289,585 | |
FNMA | | | 4.00 | | | | 6-1-24 | | | | 734,935 | | | | 786,694 | |
FNMA | | | 4.00 | | | | 9-1-24 | | | | 198,213 | | | | 212,172 | |
FNMA | | | 4.00 | | | | 10-1-24 | | | | 224,230 | | | | 240,021 | |
FNMA | | | 4.00 | | | | 1-1-25 | | | | 685,586 | | | | 730,539 | |
FNMA | | | 4.00 | | | | 2-1-25 | | | | 1,329,358 | | | | 1,422,980 | |
FNMA | | | 4.00 | | | | 3-1-25 | | | | 3,857,720 | | | | 4,218,614 | |
FNMA | | | 4.00 | | | | 3-1-25 | | | | 207,288 | | | | 221,886 | |
FNMA | | | 4.00 | | | | 5-1-25 | | | | 1,565,426 | | | | 1,668,068 | |
FNMA | | | 4.00 | | | | 7-1-25 | | | | 3,166,902 | | | | 3,389,934 | |
FNMA | | | 4.00 | | | | 4-1-26 | | | | 1,215,873 | | | | 1,297,115 | |
FNMA | | | 4.00 | | | | 5-1-26 | | | | 3,669,604 | | | | 3,928,040 | |
FNMA | | | 4.00 | | | | 2-1-39 | | | | 1,049,229 | | | | 1,126,049 | |
FNMA | | | 4.00 | | | | 2-1-39 | | | | 174,103 | | | | 186,796 | |
FNMA | | | 4.00 | | | | 8-1-39 | | | | 4,868,489 | | | | 5,369,472 | |
FNMA | | | 4.00 | | | | 8-1-39 | | | | 863,503 | | | | 926,725 | |
FNMA | | | 4.00 | | | | 8-1-39 | | | | 2,537,145 | | | | 2,722,904 | |
FNMA | | | 4.00 | | | | 8-1-39 | | | | 680,637 | | | | 730,471 | |
FNMA | | | 4.00 | | | | 11-1-39 | | | | 38,956 | | | | 41,808 | |
FNMA | | | 4.00 | | | | 1-1-40 | | | | 659,925 | | | | 708,242 | |
FNMA | | | 4.00 | | | | 1-1-40 | | | | 641,008 | | | | 687,939 | |
FNMA | | | 4.00 | | | | 3-1-40 | | | | 29,644 | | | | 31,823 | |
FNMA | | | 4.00 | | | | 3-1-40 | | | | 906,219 | | | | 972,852 | |
FNMA | | | 4.00 | | | | 4-1-40 | | | | 3,795,031 | | | | 4,074,073 | |
FNMA %% | | | 4.00 | | | | 9-1-42 | | | | 5,000,000 | | | | 5,360,938 | |
FNMA | | | 4.00 | | | | 8-1-40 | | | | 164,088 | | | | 176,013 | |
FNMA | | | 4.00 | | | | 8-1-40 | | | | 3,512,937 | | | | 3,771,237 | |
FNMA | | | 4.00 | | | | 8-1-40 | | | | 2,416,842 | | | | 2,594,548 | |
FNMA | | | 4.00 | | | | 8-1-40 | | | | 905,705 | | | | 972,300 | |
FNMA | | | 4.00 | | | | 9-1-40 | | | | 42,076 | | | | 45,170 | |
FNMA | | | 4.00 | | | | 9-1-40 | | | | 41,701 | | | | 44,768 | |
FNMA | | | 4.00 | | | | 10-1-40 | | | | 86,133 | | | | 92,467 | |
FNMA | | | 4.00 | | | | 10-1-40 | | | | 105,423 | | | | 113,174 | |
FNMA | | | 4.00 | | | | 10-1-40 | | | | 388,525 | | | | 417,093 | |
FNMA | | | 4.00 | | | | 10-1-40 | | | | 1,348,806 | | | | 1,447,982 | |
FNMA | | | 4.00 | | | | 11-1-40 | | | | 5,690,962 | | | | 6,187,882 | |
FNMA | | | 4.00 | | | | 11-1-40 | | | | 826,358 | | | | 887,119 | |
FNMA | | | 4.00 | | | | 11-1-40 | | | | 776,830 | | | | 833,949 | |
FNMA | | | 4.00 | | | | 11-1-40 | | | | 551,182 | | | | 591,710 | |
FNMA | | | 4.00 | | | | 11-1-40 | | | | 88,130 | | | | 94,610 | |
FNMA | | | 4.00 | | | | 11-1-40 | | | | 48,626 | | | | 52,202 | |
FNMA | | | 4.00 | | | | 11-1-40 | | | | 369,853 | | | | 397,048 | |
FNMA | | | 4.00 | | | | 12-1-40 | | | | 4,445,714 | | | | 4,886,521 | |
FNMA | | | 4.00 | | | | 12-1-40 | | | | 23,580 | | | | 25,314 | |
FNMA | | | 4.00 | | | | 12-1-40 | | | | 764,551 | | | | 820,767 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 9 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
FNMA | | | 4.00 | % | | | 12-1-40 | | | $ | 1,552,975 | | | $ | 1,667,163 | |
FNMA | | | 4.00 | | | | 12-1-40 | | | | 219,062 | | | | 235,169 | |
FNMA | | | 4.00 | | | | 12-1-40 | | | | 48,727 | | | | 52,309 | |
FNMA | | | 4.00 | | | | 12-1-40 | | | | 745,826 | | | | 800,666 | |
FNMA | | | 4.00 | | | | 1-1-41 | | | | 6,849,033 | | | | 7,352,630 | |
FNMA | | | 4.00 | | | | 1-1-41 | | | | 20,645 | | | | 22,164 | |
FNMA | | | 4.00 | | | | 2-1-41 | | | | 8,385,464 | | | | 9,002,032 | |
FNMA | | | 4.00 | | | | 2-1-41 | | | | 669,228 | | | | 718,435 | |
FNMA | | | 4.00 | | | | 4-1-41 | | | | 522,721 | | | | 561,156 | |
FNMA | | | 4.00 | | | | 5-1-41 | | | | 9,144,356 | | | | 9,819,582 | |
FNMA | | | 4.00 | | | | 7-1-41 | | | | 25,116 | | | | 26,971 | |
FNMA | | | 4.00 | | | | 8-1-41 | | | | 91,376 | | | | 98,124 | |
FNMA | | | 4.00 | | | | 8-1-41 | | | | 764,124 | | | | 820,548 | |
FNMA | | | 4.00 | | | | 10-1-41 | | | | 3,346,025 | | | | 3,593,098 | |
FNMA | | | 4.00 | | | | 10-1-41 | | | | 2,851,476 | | | | 3,062,031 | |
FNMA | | | 4.00 | | | | 11-1-41 | | | | 762,135 | | | | 818,411 | |
FNMA | | | 4.00 | | | | 12-1-41 | | | | 706,608 | | | | 758,784 | |
FNMA | | | 4.00 | | | | 12-1-41 | | | | 503,839 | | | | 541,043 | |
FNMA | | | 4.00 | | | | 12-1-41 | | | | 529,854 | | | | 568,978 | |
FNMA | | | 4.00 | | | | 1-1-42 | | | | 42,810 | | | | 45,971 | |
FNMA | | | 4.00 | | | | 2-1-42 | | | | 256,948 | | | | 279,269 | |
FNMA | | | 4.00 | | | | 2-1-42 | | | | 329,498 | | | | 355,891 | |
FNMA | | | 4.00 | | | | 2-1-42 | | | | 33,363 | | | | 35,827 | |
FNMA ± | | | 4.32 | | | | 4-1-38 | | | | 183,714 | | | | 196,617 | |
FNMA | | | 4.50 | | | | 7-1-13 | | | | 5,228 | | | | 5,481 | |
FNMA | | | 4.50 | | | | 9-1-13 | | | | 24,548 | | | | 25,739 | |
FNMA | | | 4.50 | | | | 11-1-14 | | | | 27,992 | | | | 29,264 | |
FNMA | | | 4.50 | | | | 5-1-15 | | | | 31,686 | | | | 34,208 | |
FNMA | | | 4.50 | | | | 3-1-18 | | | | 70,099 | | | | 75,978 | |
FNMA | | | 4.50 | | | | 4-1-18 | | | | 355,251 | | | | 385,044 | |
FNMA | | | 4.50 | | | | 12-1-18 | | | | 40,668 | | | | 44,078 | |
FNMA | | | 4.50 | | | | 5-1-19 | | | | 37,210 | | | | 40,167 | |
FNMA | | | 4.50 | | | | 1-1-20 | | | | 68,438 | | | | 74,134 | |
FNMA | | | 4.50 | | | | 8-1-20 | | | | 45,238 | | | | 48,975 | |
FNMA | | | 4.50 | | | | 10-1-20 | | | | 116,643 | | | | 126,279 | |
FNMA | | | 4.50 | | | | 10-1-20 | | | | 78,930 | | | | 85,451 | |
FNMA | | | 4.50 | | | | 12-1-20 | | | | 169,334 | | | | 183,324 | |
FNMA | | | 4.50 | | | | 1-1-21 | | | | 72,672 | | | | 78,675 | |
FNMA | | | 4.50 | | | | 3-1-22 | | | | 146,386 | | | | 158,480 | |
FNMA | | | 4.50 | | | | 3-1-22 | | | | 937,005 | | | | 1,015,586 | |
FNMA | | | 4.50 | | | | 5-1-22 | | | | 21,192 | | | | 23,152 | |
FNMA | | | 4.50 | | | | 11-1-22 | | | | 193,035 | | | | 208,982 | |
FNMA | | | 4.50 | | | | 2-1-23 | | | | 752,979 | | | | 813,068 | |
FNMA | | | 4.50 | | | | 3-1-23 | | | | 495,288 | | | | 534,967 | |
FNMA | | | 4.50 | | | | 3-1-23 | | | | 93,780 | | | | 101,264 | |
FNMA | | | 4.50 | | | | 3-1-23 | | | | 15,668 | | | | 16,918 | |
FNMA | | | 4.50 | | | | 5-1-23 | | | | 260,822 | | | | 281,636 | |
FNMA | | | 4.50 | | | | 5-1-23 | | | | 99,885 | | | | 107,856 | |
FNMA | | | 4.50 | | | | 5-1-23 | | | | 73,740 | | | | 79,624 | |
FNMA | | | 4.50 | | | | 5-1-23 | | | | 61,497 | | | | 66,404 | |
| | | | |
| 10 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
FNMA | | | 4.50 | % | | | 6-1-23 | | | $ | 648,717 | | | $ | 700,486 | |
FNMA | | | 4.50 | | | | 12-1-23 | | | | 235,672 | | | | 254,479 | |
FNMA | | | 4.50 | | | | 3-1-24 | | | | 66,393 | | | | 71,681 | |
FNMA | | | 4.50 | | | | 5-1-24 | | | | 838,314 | | | | 905,213 | |
FNMA | | | 4.50 | | | | 5-1-24 | | | | 58,904 | | | | 64,304 | |
FNMA | | | 4.50 | | | | 7-1-24 | | | | 2,832,071 | | | | 3,057,631 | |
FNMA | | | 4.50 | | | | 8-1-24 | | | | 319,578 | | | | 345,031 | |
FNMA | | | 4.50 | | | | 8-1-24 | | | | 209,379 | | | | 226,054 | |
FNMA | | | 4.50 | | | | 8-1-24 | | | | 18,167 | | | | 19,614 | |
FNMA | | | 4.50 | | | | 1-1-25 | | | | 2,781,071 | | | | 3,002,569 | |
FNMA | | | 4.50 | | | | 3-1-25 | | | | 3,251,960 | | | | 3,510,962 | |
FNMA | | | 4.50 | | | | 3-1-25 | | | | 223,866 | | | | 241,731 | |
FNMA | | | 4.50 | | | | 4-1-25 | | | | 102,689 | | | | 112,744 | |
FNMA | | | 4.50 | | | | 4-1-25 | | | | 373,222 | | | | 402,947 | |
FNMA | | | 4.50 | | | | 10-1-25 | | | | 626,870 | | | | 687,074 | |
FNMA | | | 4.50 | | | | 2-1-26 | | | | 645,653 | | | | 707,660 | |
FNMA | | | 4.50 | | | | 2-1-26 | | | | 65,431 | | | | 70,939 | |
FNMA | | | 4.50 | | | | 4-1-26 | | | | 1,627,448 | | | | 1,762,915 | |
FNMA | | | 4.50 | | | | 5-1-26 | | | | 97,147 | | | | 105,233 | |
FNMA | | | 4.50 | | | | 6-1-26 | | | | 52,858 | | | | 57,257 | |
FNMA | | | 4.50 | | | | 4-1-28 | | | | 164,219 | | | | 179,272 | |
FNMA | | | 4.50 | | | | 4-1-28 | | | | 72,107 | | | | 78,717 | |
FNMA | | | 4.50 | | | | 4-1-28 | | | | 122,008 | | | | 133,954 | |
FNMA | | | 4.50 | | | | 3-1-29 | | | | 145,432 | | | | 157,763 | |
FNMA | | | 4.50 | | | | 5-1-29 | | | | 12,072,262 | | | | 13,095,849 | |
FNMA | | | 4.50 | | | | 10-1-29 | | | | 726,488 | | | | 787,631 | |
FNMA | | | 4.50 | | | | 9-1-33 | | | | 696,535 | | | | 757,226 | |
FNMA | | | 4.50 | | | | 4-1-35 | | | | 150,074 | | | | 162,610 | |
FNMA | | | 4.50 | | | | 5-1-35 | | | | 39,553 | | | | 42,857 | |
FNMA | | | 4.50 | | | | 7-1-35 | | | | 10,626 | | | | 11,514 | |
FNMA | | | 4.50 | | | | 8-1-35 | | | | 42,645 | | | | 46,208 | |
FNMA | | | 4.50 | | | | 9-1-35 | | | | 752,969 | | | | 815,871 | |
FNMA | | | 4.50 | | | | 9-1-35 | | | | 6,062,709 | | | | 6,569,177 | |
FNMA | | | 4.50 | | | | 9-1-35 | | | | 85,257 | | | | 92,379 | |
FNMA | | | 4.50 | | | | 10-1-35 | | | | 234,809 | | | | 254,424 | |
FNMA | | | 4.50 | | | | 3-1-38 | | | | 1,571,912 | | | | 1,701,262 | |
FNMA | | | 4.50 | | | | 2-1-39 | | | | 154,222 | | | | 166,912 | |
FNMA | | | 4.50 | | | | 2-1-39 | | | | 74,739 | | | | 80,889 | |
FNMA | | | 4.50 | | | | 2-1-39 | | | | 865,504 | | | | 936,725 | |
FNMA | | | 4.50 | | | | 2-1-39 | | | | 40,064 | | | | 43,360 | |
FNMA | | | 4.50 | | | | 3-1-39 | | | | 4,414,689 | | | | 4,777,966 | |
FNMA | | | 4.50 | | | | 3-1-39 | | | | 5,000,004 | | | | 5,411,445 | |
FNMA | | | 4.50 | | | | 4-1-39 | | | | 4,002,399 | | | | 4,331,750 | |
FNMA | | | 4.50 | | | | 4-1-39 | | | | 1,592,800 | | | | 1,723,869 | |
FNMA | | | 4.50 | | | | 4-1-39 | | | | 31,108 | | | | 33,668 | |
FNMA | | | 4.50 | | | | 5-1-39 | | | | 3,345,944 | | | | 3,723,746 | |
FNMA | | | 4.50 | | | | 5-1-39 | | | | 1,285,769 | | | | 1,430,950 | |
FNMA | | | 4.50 | | | | 6-1-39 | | | | 2,517,891 | | | | 2,725,084 | |
FNMA | | | 4.50 | | | | 9-1-39 | | | | 2,906,792 | | | | 3,228,649 | |
FNMA | | | 4.50 | | | | 12-1-39 | | | | 381,741 | | | | 413,154 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 11 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
FNMA | | | 4.50 | % | | | 2-1-40 | | | $ | 6,396,112 | | | $ | 7,118,319 | |
FNMA | | | 4.50 | | | | 2-1-40 | | | | 5,283,284 | | | | 5,718,037 | |
FNMA | | | 4.50 | | | | 3-1-40 | | | | 4,341,395 | | | | 4,877,723 | |
FNMA | | | 4.50 | | | | 5-1-40 | | | | 1,967,158 | | | | 2,167,761 | |
FNMA | | | 4.50 | | | | 5-1-40 | | | | 3,992,767 | | | | 4,434,869 | |
FNMA | | | 4.50 | | | | 6-1-40 | | | | 1,664,484 | | | | 1,806,653 | |
FNMA | | | 4.50 | | | | 8-1-40 | | | | 551,418 | | | | 598,517 | |
FNMA | | | 4.50 | | | | 9-1-40 | | | | 52,425 | | | | 56,739 | |
FNMA | | | 4.50 | | | | 10-1-40 | | | | 4,103,780 | | | | 4,454,297 | |
FNMA | | | 4.50 | | | | 10-1-40 | | | | 791,656 | | | | 856,543 | |
FNMA | | | 4.50 | | | | 11-1-40 | | | | 3,204,416 | | | | 3,478,116 | |
FNMA | | | 4.50 | | | | 2-1-41 | | | | 12,883,601 | | | | 14,008,188 | |
FNMA | | | 4.50 | | | | 4-1-41 | | | | 3,772,054 | | | | 4,156,712 | |
FNMA | | | 4.50 | | | | 5-1-41 | | | | 56,992 | | | | 61,967 | |
FNMA | | | 4.63 | | | | 10-15-13 | | | | 600,000 | | | | 629,457 | |
FNMA | | | 4.63 | | | | 10-15-14 | | | | 1,000,000 | | | | 1,091,353 | |
FNMA | | | 4.88 | | | | 12-15-16 | | | | 950,000 | | | | 1,124,166 | |
FNMA | | | 5.00 | | | | 4-15-15 | | | | 1,000,000 | | | | 1,120,403 | |
FNMA | | | 5.00 | | | | 2-13-17 | | | | 500,000 | | | | 595,930 | |
FNMA | | | 5.00 | | | | 5-11-17 | | | | 1,200,000 | | | | 1,443,652 | |
FNMA | | | 5.00 | | | | 6-1-19 | | | | 236,044 | | | | 258,381 | |
FNMA | | | 5.00 | | | | 9-1-19 | | | | 753,695 | | | | 821,014 | |
FNMA | | | 5.00 | | | | 10-1-19 | | | | 293,273 | | | | 321,025 | |
FNMA | | | 5.00 | | | | 6-1-20 | | | | 163,724 | | | | 178,373 | |
FNMA | | | 5.00 | | | | 5-1-23 | | | | 1,100,043 | | | | 1,193,999 | |
FNMA | | | 5.00 | | | | 5-1-23 | | | | 195,091 | | | | 212,943 | |
FNMA | | | 5.00 | | | | 6-1-23 | | | | 519,839 | | | | 564,240 | |
FNMA | | | 5.00 | | | | 6-1-23 | | | | 221,298 | | | | 240,200 | |
FNMA | | | 5.00 | | | | 4-1-24 | | | | 270,955 | | | | 294,394 | |
FNMA | | | 5.00 | | | | 9-1-24 | | | | 237,635 | | | | 263,613 | |
FNMA | | | 5.00 | | | | 3-1-25 | | | | 3,159,325 | | | | 3,429,169 | |
FNMA | | | 5.00 | | | | 4-1-34 | | | | 416,174 | | | | 466,157 | |
FNMA | | | 5.00 | | | | 4-1-34 | | | | 1,021,083 | | | | 1,124,570 | |
FNMA | | | 5.00 | | | | 4-1-35 | | | | 4,601,111 | | | | 5,057,373 | |
FNMA | | | 5.00 | | | | 6-1-35 | | | | 1,577,533 | | | | 1,729,037 | |
FNMA | | | 5.00 | | | | 7-1-35 | | | | 144,995 | | | | 158,920 | |
FNMA | | | 5.00 | | | | 7-1-35 | | | | 68,559 | | | | 75,143 | |
FNMA | | | 5.00 | | | | 7-1-35 | | | | 205,531 | | | | 225,269 | |
FNMA | | | 5.00 | | | | 8-1-35 | | | | 201,703 | | | | 221,286 | |
FNMA | | | 5.00 | | | | 11-1-35 | | | | 1,855,097 | | | | 2,033,258 | |
FNMA | | | 5.00 | | | | 2-1-36 | | | | 7,709,307 | | | | 8,457,973 | |
FNMA | | | 5.00 | | | | 11-1-36 | | | | 836,045 | | | | 913,986 | |
FNMA | | | 5.00 | | | | 11-1-36 | | | | 475,837 | | | | 523,023 | |
FNMA | | | 5.00 | | | | 5-1-37 | | | | 675,049 | | | | 737,348 | |
FNMA | | | 5.00 | | | | 5-1-37 | | | | 162,715 | | | | 177,731 | |
FNMA | | | 5.00 | | | | 8-1-37 | | | | 1,310,250 | | | | 1,431,170 | |
FNMA | | | 5.00 | | | | 2-1-38 | | | | 3,915,333 | | | | 4,291,355 | |
FNMA | | | 5.00 | | | | 6-1-39 | | | | 2,085,919 | | | | 2,278,425 | |
FNMA | | | 5.00 | | | | 8-1-39 | | | | 7,533,131 | | | | 8,228,351 | |
FNMA | | | 5.00 | | | | 10-1-39 | | | | 1,709,994 | | | | 1,867,806 | |
| | | | |
| 12 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
FNMA | | | 5.00 | % | | | 7-1-40 | | | $ | 12,323,160 | | | $ | 13,726,161 | |
FNMA | | | 5.00 | | | | 4-1-41 | | | | 4,421,979 | | | | 4,857,713 | |
FNMA %% | | | 5.00 | | | | 9-1-42 | | | | 7,000,000 | | | | 7,645,313 | |
FNMA | | | 5.38 | | | | 7-15-16 | | | | 1,000,000 | | | | 1,184,546 | |
FNMA | | | 5.38 | | | | 6-12-17 | | | | 1,500,000 | | | | 1,825,431 | |
FNMA | | | 5.45 | | | | 10-18-21 | | | | 200,000 | | | | 234,038 | |
FNMA ± | | | 5.47 | | | | 4-1-36 | | | | 224,857 | | | | 242,754 | |
FNMA ± | | | 5.50 | | | | 12-1-36 | | | | 52,723 | | | | 56,970 | |
FNMA | | | 5.50 | | | | 12-1-12 | | | | 183 | | | | 183 | |
FNMA | | | 5.50 | | | | 3-1-13 | | | | 48,846 | | | | 51,239 | |
FNMA | | | 5.50 | | | | 4-1-14 | | | | 71,415 | | | | 77,248 | |
FNMA | | | 5.50 | | | | 7-1-14 | | | | 251,939 | | | | 273,624 | |
FNMA | | | 5.50 | | | | 12-1-14 | | | | 8,723 | | | | 9,488 | |
FNMA | | | 5.50 | | | | 2-1-15 | | | | 55,207 | | | | 59,970 | |
FNMA | | | 5.50 | | | | 2-1-16 | | | | 21,288 | | | | 23,154 | |
FNMA | | | 5.50 | | | | 6-1-16 | | | | 481,126 | | | | 523,288 | |
FNMA | | | 5.50 | | | | 8-1-16 | | | | 70,051 | | | | 76,197 | |
FNMA | | | 5.50 | | | | 11-1-16 | | | | 495,597 | | | | 539,027 | |
FNMA | | | 5.50 | | | | 11-1-16 | | | | 20,483 | | | | 22,278 | |
FNMA | | | 5.50 | | | | 1-1-17 | | | | 271,304 | | | | 294,880 | |
FNMA | | | 5.50 | | | | 2-1-17 | | | | 189,122 | | | | 205,714 | |
FNMA | | | 5.50 | | | | 2-1-17 | | | | 9,009 | | | | 9,820 | �� |
FNMA | | | 5.50 | | | | 4-1-17 | | | | 233,104 | | | | 253,531 | |
FNMA | | | 5.50 | | | | 6-1-17 | | | | 410,383 | | | | 446,346 | |
FNMA | | | 5.50 | | | | 7-1-17 | | | | 370,766 | | | | 403,256 | |
FNMA | | | 5.50 | | | | 8-1-17 | | | | 103,078 | | | | 112,111 | |
FNMA | | | 5.50 | | | | 10-1-17 | | | | 403,854 | | | | 439,284 | |
FNMA | | | 5.50 | | | | 3-1-18 | | | | 120,932 | | | | 131,542 | |
FNMA | | | 5.50 | | | | 4-1-18 | | | | 133,239 | | | | 144,914 | |
FNMA | | | 5.50 | | | | 12-1-18 | | | | 1,601,319 | | | | 1,745,471 | |
FNMA | | | 5.50 | | | | 5-1-21 | | | | 411,160 | | | | 454,919 | |
FNMA | | | 5.50 | | | | 12-1-21 | | | | 116,347 | | | | 127,257 | |
FNMA | | | 5.50 | | | | 5-1-23 | | | | 399,040 | | | | 436,458 | |
FNMA | | | 5.50 | | | | 8-1-23 | | | | 7,607 | | | | 8,320 | |
FNMA | | | 5.50 | | | | 9-1-23 | | | | 153,276 | | | | 167,649 | |
FNMA | | | 5.50 | | | | 10-1-23 | | | | 262,671 | | | | 287,302 | |
FNMA | | | 5.50 | | | | 10-1-23 | | | | 14,142 | | | | 15,468 | |
FNMA | | | 5.50 | | | | 11-1-23 | | | | 127,728 | | | | 139,706 | |
FNMA | | | 5.50 | | | | 11-1-23 | | | | 18,050 | | | | 19,743 | |
FNMA | | | 5.50 | | | | 2-1-24 | | | | 40,930 | | | | 44,768 | |
FNMA | | | 5.50 | | | | 6-1-24 | | | | 415,524 | | | | 454,489 | |
FNMA | | | 5.50 | | | | 7-1-24 | | | | 741,961 | | | | 812,926 | |
FNMA | | | 5.50 | | | | 5-1-25 | | | | 566,819 | | | | 617,845 | |
FNMA | | | 5.50 | | | | 8-1-25 | | | | 223,864 | | | | 247,602 | |
FNMA | | | 5.50 | | | | 7-1-33 | | | | 378,840 | | | | 418,775 | |
FNMA | | | 5.50 | | | | 9-1-33 | | | | 971,227 | | | | 1,074,822 | |
FNMA | | | 5.50 | | | | 11-1-33 | | | | 406,271 | | | | 449,098 | |
FNMA | | | 5.50 | | | | 7-1-34 | | | | 507,412 | | | | 560,583 | |
FNMA | | | 5.50 | | | | 9-1-34 | | | | 182,413 | | | | 201,527 | |
FNMA | | | 5.50 | | | | 10-1-34 | | | | 202,441 | | | | 223,654 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 13 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
FNMA | | | 5.50 | % | | | 12-1-34 | | | $ | 859,899 | | | $ | 950,006 | |
FNMA | | | 5.50 | | | | 1-1-35 | | | | 925,328 | | | | 1,021,135 | |
FNMA | | | 5.50 | | | | 1-1-35 | | | | 5,108,043 | | | | 5,643,307 | |
FNMA | | | 5.50 | | | | 8-1-35 | | | | 140,729 | | | | 155,300 | |
FNMA | | | 5.50 | | | | 8-1-35 | | | | 607,360 | | | | 670,245 | |
FNMA | | | 5.50 | | | | 8-1-35 | | | | 1,266,499 | | | | 1,397,630 | |
FNMA | | | 5.50 | | | | 9-1-35 | | | | 729,893 | | | | 809,525 | |
FNMA | | | 5.50 | | | | 12-1-35 | | | | 1,782,693 | | | | 1,967,270 | |
FNMA | | | 5.50 | | | | 1-1-36 | | | | 3,940,795 | | | | 4,348,819 | |
FNMA | | | 5.50 | | | | 1-1-36 | | | | 111,929 | | | | 123,005 | |
FNMA | | | 5.50 | | | | 2-1-36 | | | | 1,077,769 | | | | 1,183,971 | |
FNMA | | | 5.50 | | | | 4-1-36 | | | | 1,173,062 | | | | 1,294,519 | |
FNMA | | | 5.50 | | | | 4-1-36 | | | | 4,080,906 | | | | 4,483,032 | |
FNMA | | | 5.50 | | | | 9-1-36 | | | | 129,922 | | | | 142,725 | |
FNMA | | | 5.50 | | | | 2-1-37 | | | | 453,538 | | | | 511,694 | |
FNMA | | | 5.50 | | | | 3-1-37 | | | | 226,924 | | | | 249,285 | |
FNMA | | | 5.50 | | | | 5-1-37 | | | | 547,515 | | | | 603,348 | |
FNMA | | | 5.50 | | | | 6-1-37 | | | | 581,476 | | | | 645,679 | |
FNMA | | | 5.50 | | | | 2-1-38 | | | | 332,381 | | | | 364,718 | |
FNMA | | | 5.50 | | | | 2-1-38 | | | | 232,796 | | | | 255,445 | |
FNMA | | | 5.50 | | | | 2-1-38 | | | | 2,245,277 | | | | 2,463,716 | |
FNMA | | | 5.50 | | | | 2-1-38 | | | | 1,546,144 | | | | 1,689,474 | |
FNMA | | | 5.50 | | | | 4-1-38 | | | | 3,964,140 | | | | 4,349,805 | |
FNMA | | | 5.50 | | | | 5-1-38 | | | | 252,155 | | | | 275,530 | |
FNMA | | | 5.50 | | | | 5-1-38 | | | | 3,552,284 | | | | 3,902,320 | |
FNMA | | | 5.50 | | | | 6-1-38 | | | | 4,012,791 | | | | 4,403,189 | |
FNMA | | | 5.50 | | | | 6-1-38 | | | | 33,337 | | | | 36,428 | |
FNMA | | | 5.50 | | | | 7-1-38 | | | | 3,907,987 | | | | 4,288,189 | |
FNMA | | | 5.50 | | | | 8-1-38 | | | | 287,948 | | | | 314,641 | |
FNMA | | | 5.50 | | | | 9-1-38 | | | | 649,510 | | | | 712,700 | |
FNMA | | | 5.50 | | | | 9-1-38 | | | | 414,865 | | | | 453,324 | |
FNMA | | | 5.50 | | | | 11-1-38 | | | | 1,457,585 | | | | 1,599,391 | |
FNMA | | | 5.50 | | | | 1-1-39 | | | | 1,418,140 | | | | 1,556,108 | |
FNMA | | | 5.50 | | | | 1-1-39 | | | | 610,719 | | | | 667,333 | |
FNMA | | | 5.50 | | | | 5-1-39 | | | | 1,412,514 | | | | 1,549,935 | |
FNMA | | | 5.50 | | | | 6-1-39 | | | | 2,796,037 | | | | 3,068,058 | |
FNMA ± | | | 5.54 | | | | 1-1-37 | | | | 60,819 | | | | 65,729 | |
FNMA ± | | | 5.55 | | | | 10-1-37 | | | | 687,294 | | | | 726,768 | |
FNMA ± | | | 5.59 | | | | 3-1-36 | | | | 488,583 | | | | 522,614 | |
FNMA | | | 5.63 | | | | 7-15-37 | | | | 150,000 | | | | 219,027 | |
FNMA | | | 6.00 | | | | 4-1-13 | | | | 6,398 | | | | 6,485 | |
FNMA | | | 6.00 | | | | 8-1-13 | | | | 4,363 | | | | 4,448 | |
FNMA | | | 6.00 | | | | 1-1-14 | | | | 99,372 | | | | 101,689 | |
FNMA | | | 6.00 | | | | 1-1-14 | | | | 23,356 | | | | 25,741 | |
FNMA | | | 6.00 | | | | 4-1-14 | | | | 57,496 | | | | 62,873 | |
FNMA | | | 6.00 | | | | 7-1-16 | | | | 20,148 | | | | 21,505 | |
FNMA | | | 6.00 | | | | 9-1-16 | | | | 10,378 | | | | 10,878 | |
FNMA | | | 6.00 | | | | 11-1-17 | | | | 47,596 | | | | 48,444 | |
FNMA | | | 6.00 | | | | 11-1-17 | | | | 406,456 | | | | 430,421 | |
FNMA | | | 6.00 | | | | 1-1-18 | | | | 274,312 | | | | 290,458 | |
| | | | |
| 14 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
FNMA | | | 6.00 | % | | | 1-1-18 | | | $ | 116,918 | | | $ | 123,890 | |
FNMA | | | 6.00 | | | | 5-1-21 | | | | 319,381 | | | | 350,061 | |
FNMA | | | 6.00 | | | | 5-1-21 | | | | 263,085 | | | | 289,809 | |
FNMA | | | 6.00 | | | | 9-1-21 | | | | 128,299 | | | | 141,331 | |
FNMA | | | 6.00 | | | | 8-1-22 | | | | 148,128 | | | | 163,877 | |
FNMA | | | 6.00 | | | | 10-1-22 | | | | 334,390 | | | | 369,944 | |
FNMA | | | 6.00 | | | | 2-1-23 | | | | 65,173 | | | | 72,100 | |
FNMA | | | 6.00 | | | | 7-1-23 | | | | 369,124 | | | | 408,361 | |
FNMA | | | 6.00 | | | | 10-1-23 | | | | 150,416 | | | | 166,405 | |
FNMA | | | 6.00 | | | | 11-1-23 | | | | 99,803 | | | | 109,607 | |
FNMA | | | 6.00 | | | | 12-1-23 | | | | 224,182 | | | | 248,012 | |
FNMA | | | 6.00 | | | | 9-1-24 | | | | 16,865 | | | | 18,522 | |
FNMA | | | 6.00 | | | | 11-1-33 | | | | 72,760 | | | | 82,010 | |
FNMA | | | 6.00 | | | | 8-1-34 | | | | 284,607 | | | | 319,994 | |
FNMA | | | 6.00 | | | | 9-1-34 | | | | 321,488 | | | | 360,652 | |
FNMA | | | 6.00 | | | | 10-1-34 | | | | 244,542 | | | | 274,332 | |
FNMA | | | 6.00 | | | | 11-1-34 | | | | 359,529 | | | | 403,327 | |
FNMA | | | 6.00 | | | | 3-1-35 | | | | 145,720 | | | | 161,992 | |
FNMA | | | 6.00 | | | | 1-1-36 | | | | 1,288,796 | | | | 1,432,707 | |
FNMA | | | 6.00 | | | | 3-1-36 | | | | 72,870 | | | | 81,192 | |
FNMA | | | 6.00 | | | | 4-18-36 | | | | 500,000 | | | | 585,925 | |
FNMA | | | 6.00 | | | | 9-1-36 | | | | 398,191 | | | | 439,854 | |
FNMA | | | 6.00 | | | | 9-1-36 | | | | 319,583 | | | | 353,021 | |
FNMA | | | 6.00 | | | | 9-1-36 | | | | 14,690 | | | | 16,227 | |
FNMA | | | 6.00 | | | | 11-1-36 | | | | 3,067,169 | | | | 3,388,093 | |
FNMA | | | 6.00 | | | | 1-1-37 | | | | 1,833,354 | | | | 2,029,479 | |
FNMA | | | 6.00 | | | | 2-1-37 | | | | 5,616 | | | | 6,204 | |
FNMA | | | 6.00 | | | | 3-1-37 | | | | 1,304,604 | | | | 1,441,107 | |
FNMA | | | 6.00 | | | | 4-1-37 | | | | 34,654 | | | | 38,280 | |
FNMA | | | 6.00 | | | | 5-1-37 | | | | 1,847,429 | | | | 2,040,730 | |
FNMA | | | 6.00 | | | | 5-1-37 | | | | 25,934 | | | | 28,648 | |
FNMA | | | 6.00 | | | | 6-1-37 | | | | 39,205 | | | | 43,307 | |
FNMA | | | 6.00 | | | | 7-1-37 | | | | 3,454,532 | | | | 3,815,987 | |
FNMA | | | 6.00 | | | | 8-1-37 | | | | 406,269 | | | | 451,634 | |
FNMA | | | 6.00 | | | | 8-1-37 | | | | 160,690 | | | | 177,503 | |
FNMA | | | 6.00 | | | | 8-1-37 | | | | 21,797 | | | | 24,078 | |
FNMA | | | 6.00 | | | | 8-1-37 | | | | 2,766,306 | | | | 3,055,750 | |
FNMA | | | 6.00 | | | | 9-1-37 | | | | 185,976 | | | | 205,435 | |
FNMA | | | 6.00 | | | | 9-1-37 | | | | 1,324,751 | | | | 1,463,363 | |
FNMA | | | 6.00 | | | | 9-1-37 | | | | 183,519 | | | | 202,721 | |
FNMA | | | 6.00 | | | | 9-1-37 | | | | 87,970 | | | | 97,174 | |
FNMA | | | 6.00 | | | | 9-1-37 | | | | 163,360 | | | | 180,453 | |
FNMA | | | 6.00 | | | | 9-1-37 | | | | 211,873 | | | | 234,042 | |
FNMA | | | 6.00 | | | | 9-1-37 | | | | 193,390 | | | | 213,625 | |
FNMA | | | 6.00 | | | | 9-1-37 | | | | 17,204 | | | | 19,004 | |
FNMA | | | 6.00 | | | | 9-1-37 | | | | 132,356 | | | | 146,205 | |
FNMA | | | 6.00 | | | | 10-1-37 | | | | 5,487 | | | | 6,062 | |
FNMA | | | 6.00 | | | | 10-1-37 | | | | 4,759,606 | | | | 5,257,613 | |
FNMA | | | 6.00 | | | | 10-1-37 | | | | 1,818,497 | | | | 2,036,445 | |
FNMA | | | 6.00 | | | | 10-1-37 | | | | 138,446 | | | | 152,931 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 15 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
FNMA | | | 6.00 | % | | | 10-1-37 | | | $ | 327,008 | | | $ | 361,224 | |
FNMA | | | 6.00 | | | | 10-1-37 | | | | 2,267,288 | | | | 2,493,766 | |
FNMA | | | 6.00 | | | | 10-1-37 | | | | 15,040 | | | | 16,613 | |
FNMA | | | 6.00 | | | | 10-1-37 | | | | 884,842 | | | | 977,978 | |
FNMA | | | 6.00 | | | | 11-1-37 | | | | 120,138 | | | | 132,709 | |
FNMA | | | 6.00 | | | | 11-1-37 | | | | 65,798 | | | | 72,683 | |
FNMA | | | 6.00 | | | | 11-1-37 | | | | 144,587 | | | | 159,716 | |
FNMA | | | 6.00 | | | | 11-1-37 | | | | 19,378 | | | | 21,406 | |
FNMA | | | 6.00 | | | | 11-1-37 | | | | 24,114 | | | | 26,637 | |
FNMA | | | 6.00 | | | | 12-1-37 | | | | 98,019 | | | | 108,275 | |
FNMA | | | 6.00 | | | | 1-1-38 | | | | 122,858 | | | | 135,713 | |
FNMA | | | 6.00 | | | | 1-1-38 | | | | 103,237 | | | | 114,039 | |
FNMA | | | 6.00 | | | | 1-1-38 | | | | 1,199,724 | | | | 1,325,253 | |
FNMA | | | 6.00 | | | | 2-1-38 | | | | 210,291 | | | | 231,834 | |
FNMA | | | 6.00 | | | | 2-1-38 | | | | 212,779 | | | | 235,790 | |
FNMA | | | 6.00 | | | | 2-1-38 | | | | 4,743 | | | | 5,228 | |
FNMA | | | 6.00 | | | | 5-1-38 | | | | 130,048 | | | | 143,371 | |
FNMA | | | 6.00 | | | | 6-1-38 | | | | 94,032 | | | | 103,665 | |
FNMA | | | 6.00 | | | | 7-1-38 | | | | 436,549 | | | | 482,499 | |
FNMA | | | 6.00 | | | | 7-1-38 | | | | 50,483 | | | | 55,654 | |
FNMA | | | 6.00 | | | | 7-1-38 | | | | 956,705 | | | | 1,054,714 | |
FNMA | | | 6.00 | | | | 7-1-38 | | | | 267,616 | | | | 295,032 | |
FNMA | | | 6.00 | | | | 7-1-38 | | | | 22,360 | | | | 24,700 | |
FNMA | | | 6.00 | | | | 8-1-38 | | | | 187,227 | | | | 206,408 | |
FNMA | | | 6.00 | | | | 8-1-38 | | | | 69,540 | | | | 76,664 | |
FNMA | | | 6.00 | | | | 8-1-38 | | | | 39,958 | | | | 44,051 | |
FNMA | | | 6.00 | | | | 8-1-38 | | | | 214,560 | | | | 236,540 | |
FNMA | | | 6.00 | | | | 8-1-38 | | | | 136,002 | | | | 149,934 | |
FNMA | | | 6.00 | | | | 8-1-38 | | | | 3,413 | | | | 3,772 | |
FNMA | | | 6.00 | | | | 9-1-38 | | | | 153,397 | | | | 169,112 | |
FNMA | | | 6.00 | | | | 9-1-38 | | | | 76,954 | | | | 85,415 | |
FNMA | | | 6.00 | | | | 9-1-38 | | | | 138,014 | | | | 152,153 | |
FNMA | | | 6.00 | | | | 9-1-38 | | | | 73,403 | | | | 80,923 | |
FNMA | | | 6.00 | | | | 9-1-38 | | | | 9,600 | | | | 10,584 | |
FNMA | | | 6.00 | | | | 9-1-38 | | | | 248,315 | | | | 273,753 | |
FNMA | | | 6.00 | | | | 9-1-38 | | | | 186,083 | | | | 205,146 | |
FNMA | | | 6.00 | | | | 9-1-38 | | | | 113,378 | | | | 124,993 | |
FNMA | | | 6.00 | | | | 9-1-38 | | | | 205,716 | | | | 226,791 | |
FNMA | | | 6.00 | | | | 9-1-38 | | | | 170,017 | | | | 187,434 | |
FNMA | | | 6.00 | | | | 9-1-38 | | | | 36,771 | | | | 40,744 | |
FNMA | | | 6.00 | | | | 9-1-38 | | | | 13,759 | | | | 15,169 | |
FNMA | | | 6.00 | | | | 9-1-38 | | | | 34,199 | | | | 37,895 | |
FNMA | | | 6.00 | | | | 10-1-38 | | | | 193,731 | | | | 213,578 | |
FNMA | | | 6.00 | | | | 10-1-38 | | | | 107,069 | | | | 118,038 | |
FNMA | | | 6.00 | | | | 10-1-38 | | | | 45,798 | | | | 50,490 | |
FNMA | | | 6.00 | | | | 10-1-38 | | | | 45,822 | | | | 50,516 | |
FNMA | | | 6.00 | | | | 11-1-38 | | | | 1,946,113 | | | | 2,145,482 | |
FNMA | | | 6.00 | | | | 11-1-38 | | | | 145,692 | | | | 160,617 | |
FNMA | | | 6.00 | | | | 11-1-38 | | | | 77,432 | | | | 85,364 | |
FNMA | | | 6.00 | | | | 11-1-38 | | | | 134,163 | | | | 147,565 | |
| | | | |
| 16 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
FNMA | | | 6.00 | % | | | 11-1-38 | | | $ | 33,442 | | | $ | 36,852 | |
FNMA | | | 6.00 | | | | 11-1-38 | | | | 113,672 | | | | 125,317 | |
FNMA | | | 6.00 | | | | 11-1-38 | | | | 22,194 | | | | 24,526 | |
FNMA | | | 6.00 | | | | 12-1-38 | | | | 238,538 | | | | 262,975 | |
FNMA | | | 6.00 | | | | 12-1-38 | | | | 263,901 | | | | 290,937 | |
FNMA | | | 6.00 | | | | 12-1-38 | | | | 130,325 | | | | 143,676 | |
FNMA | | | 6.00 | | | | 1-1-39 | | | | 139,433 | | | | 153,717 | |
FNMA | | | 6.00 | | | | 1-1-39 | | | | 132,142 | | | | 145,679 | |
FNMA | | | 6.00 | | | | 3-1-39 | | | | 22,362 | | | | 24,716 | |
FNMA | | | 6.00 | | | | 4-1-39 | | | | 197,026 | | | | 217,210 | |
FNMA | | | 6.00 | | | | 9-1-39 | | | | 516,296 | | | | 570,317 | |
FNMA | | | 6.00 | | | | 9-1-39 | | | | 7,176 | | | | 7,927 | |
FNMA | | | 6.00 | | | | 4-1-40 | | | | 708,181 | | | | 781,912 | |
FNMA | | | 6.21 | | | | 8-6-38 | | | | 200,000 | | | | 306,480 | |
FNMA | | | 6.50 | | | | 8-1-15 | | | | 33,409 | | | | 34,071 | |
FNMA | | | 6.50 | | | | 6-1-36 | | | | 47,505 | | | | 54,119 | |
FNMA | | | 6.50 | | | | 7-1-36 | | | | 668,900 | | | | 760,433 | |
FNMA | | | 6.50 | | | | 9-1-36 | | | | 301,124 | | | | 342,330 | |
FNMA | | | 6.50 | | | | 9-1-36 | | | | 13,619 | | | | 15,515 | |
FNMA | | | 6.50 | | | | 12-1-36 | | | | 590,978 | | | | 673,259 | |
FNMA | | | 6.50 | | | | 4-1-37 | | | | 54,730 | | | | 62,210 | |
FNMA | | | 6.50 | | | | 5-1-37 | | | | 3,317 | | | | 3,782 | |
FNMA | | | 6.50 | | | | 5-1-37 | | | | 120,198 | | | | 135,801 | |
FNMA | | | 6.50 | | | | 6-1-37 | | | | 521,877 | | | | 591,417 | |
FNMA | | | 6.50 | | | | 6-1-37 | | | | 237,529 | | | | 269,952 | |
FNMA | | | 6.50 | | | | 8-1-37 | | | | 137,976 | | | | 157,287 | |
FNMA | | | 6.50 | | | | 9-1-37 | | | | 1,521,877 | | | | 1,734,888 | |
FNMA | | | 6.50 | | | | 9-1-37 | | | | 7,550 | | | | 8,606 | |
FNMA | | | 6.50 | | | | 10-1-37 | | | | 121,596 | | | | 138,615 | |
FNMA | | | 6.50 | | | | 10-1-37 | | | | 2,865,869 | | | | 3,266,994 | |
FNMA | | | 6.50 | | | | 10-1-37 | | | | 166,949 | | | | 190,193 | |
FNMA | | | 6.50 | | | | 11-1-37 | | | | 190,427 | | | | 217,080 | |
FNMA | | | 6.50 | | | | 11-1-37 | | | | 1,151,548 | | | | 1,312,726 | |
FNMA | | | 6.50 | | | | 11-1-37 | | | | 18,859 | | | | 21,498 | |
FNMA | | | 6.50 | | | | 1-1-38 | | | | 87,977 | | | | 100,350 | |
FNMA | | | 6.50 | | | | 3-1-38 | | | | 25,714 | | | | 29,313 | |
FNMA | | | 6.50 | | | | 7-1-38 | | | | 41,004 | | | | 46,771 | |
FNMA | | | 6.50 | | | | 9-1-38 | | | | 91,290 | | | | 104,000 | |
FNMA | | | 6.50 | | | | 9-1-38 | | | | 214,431 | | | | 244,587 | |
FNMA | | | 6.50 | | | | 9-1-38 | | | | 42,284 | | | | 48,230 | |
FNMA | | | 6.50 | | | | 9-1-38 | | | | 6,654 | | | | 7,528 | |
FNMA | | | 6.50 | | | | 10-1-38 | | | | 177,284 | | | | 202,098 | |
FNMA | | | 6.50 | | | | 1-1-39 | | | | 1,754,667 | | | | 2,000,261 | |
FNMA | | | 6.50 | | | | 2-1-39 | | | | 154,431 | | | | 176,242 | |
FNMA | | | 6.50 | | | | 10-1-39 | | | | 1,378,211 | | | | 1,571,114 | |
FNMA | | | 6.63 | | | | 11-15-30 | | | | 1,300,000 | | | | 2,019,095 | |
FNMA | | | 7.00 | | | | 6-1-36 | | | | 306,625 | | | | 354,087 | |
FNMA | | | 7.00 | | | | 5-1-37 | | | | 131,430 | | | | 151,881 | |
FNMA | | | 7.00 | | | | 8-1-37 | | | | 96,291 | | | | 110,470 | |
FNMA | | | 7.00 | | | | 10-1-38 | | | | 6,153 | | | | 7,115 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 17 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | �� | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
FNMA | | | 7.13 | % | | | 1-15-30 | | | $ | 500,000 | | | $ | 802,899 | |
FNMA | | | 7.25 | | | | 5-15-30 | | | | 1,300,000 | | | | 2,122,016 | |
GNMA | | | 3.50 | | | | 12-15-40 | | | | 692,772 | | | | 753,825 | |
GNMA | | | 3.50 | | | | 1-15-41 | | | | 695,151 | | | | 753,562 | |
GNMA | | | 3.50 | | | | 10-15-41 | | | | 4,747,738 | | | | 5,146,677 | |
GNMA %% | | | 3.50 | | | | 9-1-42 | | | | 5,000,000 | | | | 5,413,281 | |
GNMA %% | | | 3.50 | | | | 9-1-42 | | | | 3,000,000 | | | | 3,243,750 | |
GNMA | | | 3.50 | | | | 3-20-42 | | | | 2,947,642 | | | | 3,191,179 | |
GNMA | | | 3.50 | | | | 4-20-42 | | | | 1,976,068 | | | | 2,139,332 | |
GNMA | | | 3.50 | | | | 6-15-42 | | | | 13,916,107 | | | | 15,085,438 | |
GNMA | | | 3.50 | | | | 7-15-42 | | | | 4,441,739 | | | | 4,814,966 | |
GNMA | | | 4.00 | | | | 6-15-39 | | | | 669,271 | | | | 735,955 | |
GNMA | | | 4.00 | | | | 7-15-39 | | | | 164,577 | | | | 180,975 | |
GNMA | | | 4.00 | | | | 7-15-39 | | | | 601,252 | | | | 661,159 | |
GNMA | | | 4.00 | | | | 8-15-40 | | | | 7,311,951 | | | | 8,040,492 | |
GNMA | | | 4.00 | | | | 9-15-40 | | | | 11,058,572 | | | | 12,160,416 | |
GNMA | | | 4.00 | | | | 10-15-40 | | | | 2,686,225 | | | | 2,976,538 | |
GNMA | | | 4.00 | | | | 12-15-40 | | | | 4,479,358 | | | | 4,985,859 | |
GNMA | | | 4.00 | | | | 1-15-41 | | | | 4,498,092 | | | | 5,006,712 | |
GNMA | | | 4.00 | | | | 1-15-41 | | | | 1,824,357 | | | | 2,030,646 | |
GNMA | | | 4.00 | | | | 7-15-41 | | | | 1,834,660 | | | | 2,017,461 | |
GNMA | | | 4.00 | | | | 11-20-41 | | | | 8,836,753 | | | | 9,729,782 | |
GNMA | | | 4.00 | | | | 4-20-42 | | | | 7,343,874 | | | | 8,085,300 | |
GNMA | | | 4.50 | | | | 3-15-37 | | | | 108,902 | | | | 119,765 | |
GNMA | | | 4.50 | | | | 3-15-38 | | | | 109,177 | | | | 119,895 | |
GNMA | | | 4.50 | | | | 3-15-39 | | | | 1,044,043 | | | | 1,149,473 | |
GNMA | | | 4.50 | | | | 3-15-39 | | | | 9,676,657 | | | | 10,662,905 | |
GNMA | | | 4.50 | | | | 4-15-39 | | | | 1,878,141 | | | | 2,069,561 | |
GNMA | | | 4.50 | | | | 5-15-39 | | | | 2,120,982 | | | | 2,350,409 | |
GNMA | | | 4.50 | | | | 6-15-39 | | | | 1,263,407 | | | | 1,392,174 | |
GNMA | | | 4.50 | | | | 6-15-39 | | | | 596,515 | | | | 657,312 | |
GNMA | | | 4.50 | | | | 7-15-39 | | | | 2,742,449 | | | | 3,021,960 | |
GNMA | | | 4.50 | | | | 7-15-39 | | | | 1,466,059 | | | | 1,615,481 | |
GNMA | | | 4.50 | | | | 9-15-39 | | | | 1,043,558 | | | | 1,149,918 | |
GNMA | | | 4.50 | | | | 9-15-39 | | | | 6,257,154 | | | | 6,894,885 | |
GNMA | | | 4.50 | | | | 10-15-39 | | | | 2,052,850 | | | | 2,262,077 | |
GNMA | | | 4.50 | | | | 12-15-39 | | | | 1,622,052 | | | | 1,797,509 | |
GNMA | | | 4.50 | | | | 1-15-40 | | | | 2,597,264 | | | | 2,866,591 | |
GNMA | | | 4.50 | | | | 4-15-40 | | | | 348,764 | | | | 385,618 | |
GNMA | | | 4.50 | | | | 5-15-40 | | | | 2,970,982 | | | | 3,305,352 | |
GNMA | | | 4.50 | | | | 5-15-40 | | | | 4,426,667 | | | | 4,905,501 | |
GNMA | | | 4.50 | | | | 5-15-40 | | | | 86,654 | | | | 95,820 | |
GNMA | | | 4.50 | | | | 6-15-40 | | | | 1,873,858 | | | | 2,076,554 | |
GNMA | | | 4.50 | | | | 6-15-40 | | | | 1,546,190 | | | | 1,709,576 | |
GNMA | | | 4.50 | | | | 6-15-40 | | | | 305,189 | | | | 337,439 | |
GNMA | | | 4.50 | | | | 7-15-40 | | | | 5,934,649 | | | | 6,561,765 | |
GNMA | | | 4.50 | | | | 9-15-40 | | | | 864,602 | | | | 955,965 | |
GNMA | | | 4.50 | | | | 9-15-40 | | | | 298,995 | | | | 330,590 | |
GNMA | | | 4.50 | | | | 9-15-40 | | | | 850,555 | | | | 940,434 | |
GNMA | | | 4.50 | | | | 10-15-40 | | | | 138,835 | | | | 153,506 | |
| | | | |
| 18 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
GNMA | | | 4.50 | % | | | 10-15-40 | | | $ | 115,815 | | | $ | 128,343 | |
GNMA | | | 4.50 | | | | 11-15-40 | | | | 3,193,549 | | | | 3,531,012 | |
GNMA | | | 4.50 | | | | 11-15-40 | | | | 107,165 | | | | 118,489 | |
GNMA | | | 4.50 | | | | 12-15-40 | | | | 202,151 | | | | 223,513 | |
GNMA | | | 4.50 | | | | 2-15-41 | | | | 2,307,579 | | | | 2,557,191 | |
GNMA | | | 4.50 | | | | 3-15-41 | | | | 103,930 | | | | 114,082 | |
GNMA | | | 4.50 | | | | 3-15-41 | | | | 257,322 | | | | 283,549 | |
GNMA | | | 4.50 | | | | 4-15-41 | | | | 409,933 | | | | 451,713 | |
GNMA | | | 4.50 | | | | 4-15-41 | | | | 3,286,885 | | | | 3,621,886 | |
GNMA | | | 4.50 | | | | 4-15-41 | | | | 493,042 | | | | 545,142 | |
GNMA | | | 4.50 | | | | 5-15-41 | | | | 146,496 | | | | 161,427 | |
GNMA | | | 4.50 | | | | 6-15-41 | | | | 3,819,230 | | | | 4,208,487 | |
GNMA | | | 4.50 | | | | 6-15-41 | | | | 260,835 | | | | 287,420 | |
GNMA | | | 4.50 | | | | 6-15-41 | | | | 401,608 | | | | 442,540 | |
GNMA | | | 4.50 | | | | 7-15-41 | | | | 344,133 | | | | 379,207 | |
GNMA | | | 4.50 | | | | 10-15-41 | | | | 436,798 | | | | 481,317 | |
GNMA | | | 4.50 | | | | 10-15-41 | | | | 158,524 | | | | 174,680 | |
GNMA | | | 4.50 | | | | 10-15-41 | | | | 203,678 | | | | 224,437 | |
GNMA | | | 5.00 | | | | 3-15-35 | | | | 889,055 | | | | 987,420 | |
GNMA | | | 5.00 | | | | 5-15-38 | | | | 7,586,053 | | | | 8,389,815 | |
GNMA | | | 5.00 | | | | 6-15-39 | | | | 5,313,892 | | | | 5,896,840 | |
GNMA | | | 5.00 | | | | 9-15-39 | | | | 9,213,469 | | | | 10,373,929 | |
GNMA | | | 5.00 | | | | 11-15-39 | | | | 2,148,723 | | | | 2,419,360 | |
GNMA | | | 5.00 | | | | 1-15-40 | | | | 3,624,963 | | | | 4,081,537 | |
GNMA | | | 5.00 | | | | 2-15-40 | | | | 2,143,941 | | | | 2,413,976 | |
GNMA | | | 5.00 | | | | 3-15-40 | | | | 7,626,559 | | | | 8,482,279 | |
GNMA | | | 5.00 | | | | 5-15-40 | | | | 3,846,248 | | | | 4,260,979 | |
GNMA | | | 5.00 | | | | 7-15-40 | | | | 2,722,406 | | | | 3,021,628 | |
GNMA | | | 5.50 | | | | 9-15-34 | | | | 448,348 | | | | 503,207 | |
GNMA | | | 5.50 | | | | 11-15-35 | | | | 537,983 | | | | 603,137 | |
GNMA | | | 5.50 | | | | 12-15-35 | | | | 594,460 | | | | 666,454 | |
GNMA | | | 5.50 | | | | 2-15-36 | | | | 340,284 | | | | 380,539 | |
GNMA | | | 5.50 | | | | 3-15-36 | | | | 312,758 | | | | 351,882 | |
GNMA | | | 5.50 | | | | 2-15-38 | | | | 1,175,245 | | | | 1,314,824 | |
GNMA | | | 5.50 | | | | 2-15-38 | | | | 789,651 | | | | 882,324 | |
GNMA | | | 5.50 | | | | 3-15-38 | | | | 210,490 | | | | 235,193 | |
GNMA | | | 5.50 | | | | 6-15-38 | | | | 103,613 | | | | 115,773 | |
GNMA | | | 5.50 | | | | 8-15-38 | | | | 4,026,957 | | | | 4,534,162 | |
GNMA | | | 5.50 | | | | 8-15-38 | | | | 117,628 | | | | 131,433 | |
GNMA | | | 5.50 | | | | 9-15-38 | | | | 2,935,598 | | | | 3,281,798 | |
GNMA | | | 5.50 | | | | 9-15-38 | | | | 281,025 | | | | 316,420 | |
GNMA | | | 5.50 | | | | 9-15-38 | | | | 219,946 | | | | 245,804 | |
GNMA | | | 5.50 | | | | 10-15-38 | | | | 2,590,997 | | | | 2,895,073 | |
GNMA | | | 5.50 | | | | 12-15-38 | | | | 965,037 | | | | 1,078,293 | |
GNMA | | | 5.50 | | | | 1-15-39 | | | | 481,469 | | | | 537,974 | |
GNMA | | | 5.50 | | | | 7-15-39 | | | | 81,133 | | | | 90,655 | |
GNMA | | | 5.50 | | | | 10-15-39 | | | | 3,197,267 | | | | 3,572,995 | |
GNMA | | | 5.50 | | | | 2-15-40 | | | | 203,668 | | | | 227,570 | |
GNMA | | | 5.50 | | | | 2-15-40 | | | | 74,706 | | | | 83,473 | |
GNMA | | | 5.50 | | | | 3-15-40 | | | | 109,569 | | | | 122,428 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 19 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
GNMA | | | 5.50 | % | | | 3-15-40 | | | $ | 342,019 | | | $ | 382,157 | |
GNMA | | | 5.50 | | | | 7-15-40 | | | | 140,402 | | | | 156,879 | |
GNMA | | | 5.50 | | | | 2-15-41 | | | | 302,561 | | | | 338,069 | |
GNMA | | | 5.50 | | | | 4-15-41 | | | | 709,692 | | | | 794,533 | |
GNMA | | | 6.00 | | | | 12-15-31 | | | | 23,360 | | | | 26,599 | |
GNMA | | | 6.00 | | | | 6-15-36 | | | | 482,485 | | | | 551,261 | |
GNMA | | | 6.00 | | | | 8-15-36 | | | | 20,373 | | | | 22,959 | |
GNMA | | | 6.00 | | | | 5-15-37 | | | | 79,466 | | | | 89,490 | |
GNMA | | | 6.00 | | | | 5-15-37 | | | | 407,359 | | | | 458,743 | |
GNMA | | | 6.00 | | | | 5-15-37 | | | | 15,648 | | | | 17,652 | |
GNMA | | | 6.00 | | | | 6-15-37 | | | | 189,798 | | | | 213,739 | |
GNMA | | | 6.00 | | | | 6-15-37 | | | | 46,475 | | | | 52,379 | |
GNMA | | | 6.00 | | | | 7-15-37 | | | | 87,080 | | | | 98,065 | |
GNMA | | | 6.00 | | | | 8-15-37 | | | | 205,639 | | | | 231,578 | |
GNMA | | | 6.00 | | | | 8-15-37 | | | | 16,075 | | | | 18,102 | |
GNMA | | | 6.00 | | | | 1-15-38 | | | | 7,246 | | | | 8,156 | |
GNMA | | | 6.00 | | | | 1-15-38 | | | | 886,049 | | | | 997,260 | |
GNMA | | | 6.00 | | | | 2-15-38 | | | | 17,631 | | | | 19,844 | |
GNMA | | | 6.00 | | | | 7-15-38 | | | | 1,192,867 | | | | 1,343,567 | |
GNMA | | | 6.00 | | | | 8-15-38 | | | | 452,222 | | | | 509,077 | |
GNMA | | | 6.00 | | | | 8-15-38 | | | | 1,277,915 | | | | 1,438,312 | |
GNMA | | | 6.00 | | | | 8-15-38 | | | | 656,292 | | | | 738,666 | |
GNMA | | | 6.00 | | | | 9-15-38 | | | | 494,842 | | | | 557,235 | |
GNMA | | | 6.00 | | | | 9-15-38 | | | | 1,371,747 | | | | 1,543,920 | |
GNMA | | | 6.00 | | | | 9-15-38 | | | | 17,099 | | | | 19,246 | |
GNMA | | | 6.00 | | | | 9-15-38 | | | | 8,572 | | | | 9,648 | |
GNMA | | | 6.00 | | | | 9-15-38 | | | | 10,791 | | | | 12,145 | |
GNMA | | | 6.00 | | | | 10-15-38 | | | | 322,273 | | | | 362,722 | |
GNMA | | | 6.00 | | | | 10-15-38 | | | | 748,346 | | | | 842,274 | |
GNMA | | | 6.00 | | | | 10-15-38 | | | | 107,074 | | | | 120,513 | |
GNMA | | | 6.00 | | | | 10-15-38 | | | | 123,122 | | | | 138,575 | |
GNMA | | | 6.00 | | | | 10-15-38 | | | | 85,484 | | | | 96,213 | |
GNMA | | | 6.00 | | | | 11-15-38 | | | | 197,900 | | | | 222,739 | |
GNMA | | | 6.00 | | | | 12-15-38 | | | | 17,094 | | | | 19,283 | |
GNMA | | | 6.00 | | | | 12-15-38 | | | | 1,050,134 | | | | 1,181,940 | |
GNMA | | | 6.00 | | | | 1-15-39 | | | | 8,620 | | | | 9,702 | |
GNMA | | | 6.00 | | | | 1-15-39 | | | | 489,301 | | | | 550,715 | |
GNMA | | | 6.00 | | | | 2-15-39 | | | | 10,501 | | | | 11,819 | |
GNMA | | | 6.00 | | | | 6-15-39 | | | | 34,072 | | | | 38,342 | |
GNMA | | | 6.00 | | | | 8-15-39 | | | | 13,432 | | | | 15,117 | |
GNMA | | | 6.00 | | | | 8-15-39 | | | | 67,197 | | | | 75,799 | |
GNMA | | | 6.00 | | | | 10-15-39 | | | | 97,773 | | | | 110,044 | |
GNMA | | | 6.00 | | | | 11-15-39 | | | | 9,447 | | | | 10,634 | |
GNMA | | | 6.00 | | | | 12-15-39 | | | | 926,328 | | | | 1,043,234 | |
GNMA | | | 6.00 | | | | 3-15-40 | | | | 3,069 | | | | 3,454 | |
GNMA | | | 6.00 | | | | 3-15-40 | | | | 11,700 | | | | 13,368 | |
GNMA | | | 6.00 | | | | 12-15-40 | | | | 684,179 | | | | 770,374 | |
GNMA | | | 6.50 | | | | 11-15-23 | | | | 980 | | | | 1,129 | |
GNMA | | | 6.50 | | | | 12-15-23 | | | | 1,350 | | | | 1,552 | |
GNMA | | | 6.50 | | | | 9-15-36 | | | | 146,122 | | | | 172,294 | |
| | | | |
| 20 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Agency Securities (continued) | | | | | | | | | | | | | | | | |
GNMA | | | 6.50 | % | | | 9-15-36 | | | $ | 140,384 | | | $ | 165,528 | |
GNMA | | | 6.50 | | | | 10-15-36 | | | | 155,571 | | | | 178,650 | |
GNMA | | | 6.50 | | | | 12-15-36 | | | | 26,521 | | | | 30,450 | |
GNMA | | | 6.50 | | | | 2-15-37 | | | | 29,519 | | | | 33,926 | |
GNMA | | | 6.50 | | | | 12-15-37 | | | | 90,975 | | | | 105,421 | |
GNMA | | | 6.50 | | | | 4-15-38 | | | | 98,965 | | | | 112,948 | |
GNMA | | | 6.50 | | | | 5-15-38 | | | | 100,975 | | | | 115,867 | |
GNMA | | | 6.50 | | | | 5-15-38 | | | | 16,130 | | | | 18,409 | |
GNMA | | | 6.50 | | | | 7-15-38 | | | | 7,375 | | | | 8,461 | |
GNMA | | | 6.50 | | | | 8-15-38 | | | | 117,899 | | | | 134,557 | |
GNMA | | | 6.50 | | | | 8-15-38 | | | | 25,951 | | | | 29,618 | |
GNMA | | | 6.50 | | | | 10-15-38 | | | | 143,152 | | | | 163,378 | |
GNMA | | | 6.50 | | | | 11-15-38 | | | | 190,091 | | | | 216,949 | |
GNMA | | | 6.50 | | | | 11-15-38 | | | | 4,565 | | | | 5,244 | |
GNMA | | | 6.50 | | | | 12-15-38 | | | | 385,826 | | | | 440,339 | |
GNMA | | | 6.50 | | | | 2-15-39 | | | | 4,423 | | | | 5,051 | |
GNMA | | | 7.00 | | | | 3-15-37 | | | | 28,809 | | | | 33,972 | |
TVA | | | 3.88 | | | | 2-15-21 | | | | 1,320,000 | | | | 1,553,615 | |
TVA | | | 4.50 | | | | 4-1-18 | | | | 200,000 | | | | 238,389 | |
TVA | | | 5.25 | | | | 9-15-39 | | | | 400,000 | | | | 532,188 | |
TVA | | | 5.50 | | | | 7-18-17 | | | | 650,000 | | | | 796,120 | |
TVA | | | 6.15 | | | | 1-15-38 | | | | 400,000 | | | | 593,364 | |
TVA 1997 Series C | | | 5.88 | | | | 4-1-36 | | | | 300,000 | | | | 427,586 | |
TVA Series A | | | 4.65 | | | | 6-15-35 | | | | 200,000 | | | | 243,129 | |
TVA Series A | | | 4.88 | | | | 1-15-48 | | | | 200,000 | | | | 257,660 | |
| | | | |
Total Agency Securities (Cost $1,274,633,629) | | | | | | | | | | | | | | | 1,338,193,032 | |
| | | | | | | | | | | | | | | | |
| | | | |
Corporate Bonds and Notes: 21.08% | | | | | | | | | | | | | | | | |
| | | | |
Consumer Discretionary: 2.04% | | | | | | | | | | | | | | | | |
| | | | |
| Auto Components: 0.04% | | | | | | | | | | | | | | | | |
Borgwarner Incorporated | | | 4.63 | | | | 9-15-20 | | | | 100,000 | | | | 109,992 | |
Johnson Controls Incorporated | | | 1.75 | | | | 3-1-14 | | | | 200,000 | | | | 203,463 | |
Johnson Controls Incorporated | | | 3.75 | | | | 12-1-21 | | | | 500,000 | | | | 528,413 | |
Johnson Controls Incorporated | | | 4.25 | | | | 3-1-21 | | | | 120,000 | | | | 131,891 | |
Johnson Controls Incorporated | | | 4.88 | | | | 9-15-13 | | | | 250,000 | | | | 260,092 | |
Johnson Controls Incorporated | | | 5.00 | | | | 3-30-20 | | | | 100,000 | | | | 114,152 | |
Johnson Controls Incorporated | | | 5.50 | | | | 1-15-16 | | | | 250,000 | | | | 282,872 | |
Johnson Controls Incorporated | | | 5.70 | | | | 3-1-41 | | | | 240,000 | | | | 289,673 | |
O’Reilly Automotive Incorporated | | | 3.80 | | | | 9-1-22 | | | | 150,000 | | | | 154,901 | |
O’Reilly Automotive Incorporated | | | 4.88 | | | | 1-14-21 | | | | 45,000 | | | | 50,334 | |
| | | | |
| | | | | | | | | | | | | | | 2,125,783 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Automobiles: 0.03% | | | | | | | | | | | | | | | | |
Ford Motor Company | | | 7.45 | | | | 7-16-31 | | | | 1,000,000 | | | | 1,235,000 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Diversified Consumer Services: 0.07% | | | | | | | | | | | | | | | | |
Cornell University | | | 5.45 | | | | 2-1-19 | | | | 100,000 | | | | 121,353 | |
Dartmouth College | | | 4.75 | | | | 6-1-19 | | | | 75,000 | | | | 88,615 | |
Johns Hopkins University | | | 5.25 | | | | 7-1-19 | | | | 250,000 | | | | 306,573 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 21 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Diversified Consumer Services (continued) | | | | | | | | | | | | | | | | |
President & Fellows of Harvard College | | | 4.88 | % | | | 10-15-40 | | | $ | 300,000 | | | $ | 384,174 | |
Princeton University | | | 5.70 | | | | 3-1-39 | | | | 500,000 | | | | 695,395 | |
Stanford University | | | 4.75 | | | | 5-1-19 | | | | 500,000 | | | | 596,615 | |
University of Pennsylvania § | | | 4.67 | | | | 9-1-12 | | | | 500,000 | | | | 582,640 | |
Vanderbilt University | | | 5.25 | | | | 4-1-19 | | | | 250,000 | | | | 304,965 | |
Yale University | | | 2.90 | | | | 10-15-14 | | | | 325,000 | | | | 341,851 | |
| | | | |
| | | | | | | | | | | | | | | 3,422,181 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Hotels, Restaurants & Leisure: 0.17% | | | | | | | | | | | | | | | | |
Darden Restaurants Incorporated | | | 6.20 | | | | 10-15-17 | | | | 105,000 | | | | 122,189 | |
Darden Restaurants Incorporated | | | 6.80 | | | | 10-15-37 | | | | 20,000 | | | | 24,277 | |
Hyatt Hotels Corporation | | | 3.88 | | | | 8-15-16 | | | | 100,000 | | | | 106,420 | |
International Game Technology | | | 5.50 | | | | 6-15-20 | | | | 250,000 | | | | 273,039 | |
Marriott International Incorporated | | | 3.00 | | | | 3-1-19 | | | | 200,000 | | | | 205,710 | |
Marriott International Incorporated | | | 5.81 | | | | 11-10-15 | | | | 425,000 | | | | 475,117 | |
McDonald’s Corporation | | | 2.63 | | | | 1-15-22 | | | | 1,000,000 | | | | 1,055,453 | |
McDonald’s Corporation | | | 3.50 | | | | 7-15-20 | | | | 200,000 | | | | 222,744 | |
McDonald’s Corporation | | | 3.63 | | | | 5-20-21 | | | | 100,000 | | | | 112,726 | |
McDonald’s Corporation | | | 3.70 | | | | 2-15-42 | | | | 500,000 | | | | 524,319 | |
McDonald’s Corporation | | | 5.35 | | | | 3-1-18 | | | | 400,000 | | | | 484,732 | |
McDonald’s Corporation | | | 5.80 | | | | 10-15-17 | | | | 100,000 | | | | 122,820 | |
McDonald’s Corporation | | | 6.30 | | | | 10-15-37 | | | | 300,000 | | | | 436,584 | |
McDonald’s Corporation | | | 6.30 | | | | 3-1-38 | | | | 600,000 | | | | 875,734 | |
Starbucks Corporation | | | 6.25 | | | | 8-15-17 | | | | 500,000 | | | | 606,778 | |
Wyndham Worldwide Corporation | | | 2.95 | | | | 3-1-17 | | | | 1,000,000 | | | | 1,007,712 | |
Wyndham Worldwide Corporation | | | 4.25 | | | | 3-1-22 | | | | 500,000 | | | | 506,003 | |
Yum! Brands Incorporated | | | 5.30 | | | | 9-15-19 | | | | 250,000 | | | | 293,031 | |
Yum! Brands Incorporated | | | 6.25 | | | | 3-15-18 | | | | 600,000 | | | | 722,888 | |
Yum! Brands Incorporated | | | 6.88 | | | | 11-15-37 | | | | 50,000 | | | | 68,478 | |
| | | | |
| | | | | | | | | | | | | | | 8,246,754 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Household Durables: 0.04% | | | | | | | | | | | | | | | | |
Fortune Brands Incorporated | | | 5.38 | | | | 1-15-16 | | | | 36,000 | | | | 41,005 | |
Fortune Brands Incorporated | | | 6.38 | | | | 6-15-14 | | | | 250,000 | | | | 273,448 | |
Leggett & Platt Incorporated | | | 3.40 | | | | 8-15-22 | | | | 100,000 | | | | 104,088 | |
MDC Holdings Incorporated | | | 5.38 | | | | 7-1-15 | | | | 65,000 | | | | 69,154 | |
Newell Rubbermaid Incorporated | | | 4.00 | | | | 6-15-22 | | | | 100,000 | | | | 104,164 | |
Newell Rubbermaid Incorporated | | | 4.70 | | | | 8-15-20 | | | | 200,000 | | | | 218,357 | |
Newell Rubbermaid Incorporated | | | 6.25 | | | | 4-15-18 | | | | 165,000 | | | | 191,257 | |
Whirlpool Corporation | | | 4.70 | | | | 6-1-22 | | | | 200,000 | | | | 206,249 | |
Whirlpool Corporation | | | 4.85 | | | | 6-15-21 | | | | 100,000 | | | | 104,105 | |
Whirlpool Corporation | | | 8.60 | | | | 5-1-14 | | | | 320,000 | | | | 355,667 | |
| | | | |
| | | | | | | | | | | | | | | 1,667,494 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Internet & Catalog Retail: 0.01% | | | | | | | | | | | | | | | | |
Expedia Incorporated | | | 5.95 | | | | 8-15-20 | | | | 600,000 | | | | 657,412 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Leisure Equipment & Products: 0.02% | | | | | | | | | | | | | | | | |
Hasbro Incorporated | | | 6.13 | | | | 5-15-14 | | | | 300,000 | | | | 323,724 | |
Hasbro Incorporated | | | 6.35 | | | | 3-15-40 | | | | 155,000 | | | | 184,630 | |
| | | | |
| 22 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Leisure Equipment & Products (continued) | | | | | | | | | | | | | | | | |
Mattel Incorporated | | | 2.50 | % | | | 11-1-16 | | | $ | 280,000 | | | $ | 292,578 | |
Mattel Incorporated | | | 4.35 | | | | 10-1-20 | | | | 100,000 | | | | 108,026 | |
Mattel Incorporated | | | 6.20 | | | | 10-1-40 | | | | 100,000 | | | | 121,885 | |
| | | | |
| | | | | | | | | | | | | | | 1,030,843 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Media: 1.24% | | | | | | | | | | | | | | | | |
CBS Corporation | | | 1.95 | | | | 7-1-17 | | | | 200,000 | | | | 204,233 | |
CBS Corporation | | | 4.63 | | | | 5-15-18 | | | | 180,000 | | | | 204,952 | |
CBS Corporation | | | 4.85 | | | | 7-1-42 | | | | 200,000 | | | | 208,119 | |
CBS Corporation | | | 7.88 | | | | 7-30-30 | | | | 600,000 | | | | 814,945 | |
CBS Corporation | | | 8.88 | | | | 5-15-19 | | | | 500,000 | | | | 673,144 | |
Comcast Corporation | | | 3.13 | | | | 7-15-22 | | | | 150,000 | | | | 156,765 | |
Comcast Corporation | | | 4.65 | | | | 7-15-42 | | | | 48,000 | | | | 51,261 | |
Comcast Corporation | | | 4.95 | | | | 6-15-16 | | | | 350,000 | | | | 398,252 | |
Comcast Corporation | | | 5.15 | | | | 3-1-20 | | | | 500,000 | | | | 595,476 | |
Comcast Corporation | | | 5.30 | | | | 1-15-14 | | | | 500,000 | | | | 530,838 | |
Comcast Corporation | | | 5.70 | | | | 7-1-19 | | | | 1,000,000 | | | | 1,213,212 | |
Comcast Corporation | | | 5.85 | | | | 11-15-15 | | | | 500,000 | | | | 575,418 | |
Comcast Corporation | | | 5.88 | | | | 2-15-18 | | | | 75,000 | | | | 90,891 | |
Comcast Corporation | | | 5.90 | | | | 3-15-16 | | | | 975,000 | | | | 1,134,057 | |
Comcast Corporation | | | 6.30 | | | | 11-15-17 | | | | 500,000 | | | | 615,687 | |
Comcast Corporation | | | 6.40 | | | | 3-1-40 | | | | 500,000 | | | | 657,979 | |
Comcast Corporation | | | 6.45 | | | | 3-15-37 | | | | 900,000 | | | | 1,162,868 | |
Comcast Corporation | | | 6.50 | | | | 11-15-35 | | | | 550,000 | | | | 716,213 | |
Comcast Corporation | | | 6.55 | | | | 7-1-39 | | | | 650,000 | | | | 865,458 | |
Comcast Corporation | | | 6.95 | | | | 8-15-37 | | | | 400,000 | | | | 544,054 | |
Cox Communications Incorporated | | | 5.45 | | | | 12-15-14 | | | | 180,000 | | | | 198,150 | |
DIRECTV Holdings LLC | | | 2.40 | | | | 3-15-17 | | | | 1,000,000 | | | | 1,029,787 | |
DIRECTV Holdings LLC | | | 3.55 | | | | 3-15-15 | | | | 285,000 | | | | 302,172 | |
DIRECTV Holdings LLC | | | 3.80 | | | | 3-15-22 | | | | 500,000 | | | | 516,853 | |
DIRECTV Holdings LLC | | | 4.60 | | | | 2-15-21 | | | | 350,000 | | | | 382,659 | |
DIRECTV Holdings LLC | | | 4.75 | | | | 10-1-14 | | | | 500,000 | | | | 537,471 | |
DIRECTV Holdings LLC | | | 5.00 | | | | 3-1-21 | | | | 700,000 | | | | 787,284 | |
DIRECTV Holdings LLC | | | 5.15 | | | | 3-15-42 | | | | 500,000 | | | | 511,034 | |
DIRECTV Holdings LLC | | | 5.20 | | | | 3-15-20 | | | | 330,000 | | | | 372,813 | |
DIRECTV Holdings LLC | | | 5.88 | | | | 10-1-19 | | | | 1,000,000 | | | | 1,176,112 | |
DIRECTV Holdings LLC | | | 6.00 | | | | 8-15-40 | | | | 400,000 | | | | 452,900 | |
DIRECTV Holdings LLC | | | 6.35 | | | | 3-15-40 | | | | 145,000 | | | | 170,784 | |
DIRECTV Holdings LLC | | | 6.38 | | | | 3-1-41 | | | | 500,000 | | | | 590,481 | |
Discovery Communications | | | 3.70 | | | | 6-1-15 | | | | 250,000 | | | | 268,009 | |
Discovery Communications | | | 4.38 | | | | 6-15-21 | | | | 300,000 | | | | 336,947 | |
Discovery Communications | | | 5.05 | | | | 6-1-20 | | | | 750,000 | | | | 874,956 | |
Discovery Communications | | | 6.35 | | | | 6-1-40 | | | | 250,000 | | | | 321,613 | |
Interpublic Group of Companies | | | 4.00 | | | | 3-15-22 | | | | 1,000,000 | | | | 1,041,595 | |
McGraw-Hill Company Incorporated | | | 5.90 | | | | 11-15-17 | | | | 250,000 | | | | 293,631 | |
NBC Universal Incorporated | | | 2.10 | | | | 4-1-14 | | | | 500,000 | | | | 510,527 | |
NBC Universal Incorporated | | | 2.88 | | | | 4-1-16 | | | | 500,000 | | | | 529,481 | |
NBC Universal Incorporated | | | 3.65 | | | | 4-30-15 | | | | 300,000 | | | | 321,202 | |
NBC Universal Incorporated | | | 4.38 | | | | 4-1-21 | | | | 1,500,000 | | | | 1,694,351 | |
NBC Universal Incorporated | | | 6.40 | | | | 4-30-40 | | | | 1,000,000 | | | | 1,297,650 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 23 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Media (continued) | | | | | | | | | | | | | | | | |
News America Incorporated | | | 4.50 | % | | | 2-15-21 | | | $ | 500,000 | | | $ | 574,319 | |
News America Incorporated | | | 5.30 | | | | 12-15-14 | | | | 180,000 | | | | 197,887 | |
News America Incorporated | | | 6.15 | | | | 2-15-41 | | | | 735,000 | | | | 904,438 | |
News America Incorporated | | | 6.40 | | | | 12-15-35 | | | | 750,000 | | | | 928,465 | |
News America Incorporated | | | 6.65 | | | | 11-15-37 | | | | 600,000 | | | | 769,957 | |
News America Incorporated | | | 6.90 | | | | 3-1-19 | | | | 1,300,000 | | | | 1,644,707 | |
News America Incorporated | | | 6.90 | | | | 8-15-39 | | | | 500,000 | | | | 649,940 | |
News America Incorporated | | | 8.15 | | | | 10-17-36 | | | | 250,000 | | | | 341,812 | |
Omnicom Group Incorporated | | | 4.45 | | | | 8-15-20 | | | | 90,000 | | | | 100,013 | |
Omnicom Group Incorporated | | | 5.90 | | | | 4-15-16 | | | | 500,000 | | | | 579,219 | |
Omnicom Group Incorporated | | | 6.25 | | | | 7-15-19 | | | | 650,000 | | | | 791,151 | |
TCI Communications Incorporated | | | 7.13 | | | | 2-15-28 | | | | 350,000 | | | | 465,159 | |
TCI Communications Incorporated | | | 8.75 | | | | 8-1-15 | | | | 500,000 | | | | 606,678 | |
Thompson Reuters Corporation | | | 5.85 | | | | 4-15-40 | | | | 134,000 | | | | 163,986 | |
Time Warner Cable Incorporated | | | 3.50 | | | | 2-1-15 | | | | 250,000 | | | | 264,598 | |
Time Warner Cable Incorporated | | | 4.00 | | | | 1-15-22 | | | | 300,000 | | | | 329,112 | |
Time Warner Cable Incorporated | | | 4.13 | | | | 2-15-21 | | | | 500,000 | | | | 549,771 | |
Time Warner Cable Incorporated | | | 4.50 | | | | 9-15-42 | | | | 100,000 | | | | 99,567 | |
Time Warner Cable Incorporated | | | 4.70 | | | | 1-15-21 | | | | 250,000 | | | | 286,918 | |
Time Warner Cable Incorporated | | | 4.88 | | | | 3-15-20 | | | | 500,000 | | | | 577,545 | |
Time Warner Cable Incorporated | | | 5.00 | | | | 2-1-20 | | | | 535,000 | | | | 619,267 | |
Time Warner Cable Incorporated | | | 5.85 | | | | 5-1-17 | | | | 500,000 | | | | 592,608 | |
Time Warner Cable Incorporated | | | 5.88 | | | | 11-15-16 | | | | 1,500,000 | | | | 1,776,143 | |
Time Warner Cable Incorporated | | | 5.88 | | | | 11-15-40 | | | | 250,000 | | | | 297,109 | |
Time Warner Cable Incorporated | | | 6.20 | | | | 3-15-40 | | | | 300,000 | | | | 368,763 | |
Time Warner Cable Incorporated | | | 6.25 | | | | 3-29-41 | | | | 500,000 | | | | 621,498 | |
Time Warner Cable Incorporated | | | 6.50 | | | | 11-15-36 | | | | 252,000 | | | | 315,167 | |
Time Warner Cable Incorporated | | | 6.55 | | | | 5-1-37 | | | | 500,000 | | | | 625,131 | |
Time Warner Cable Incorporated | | | 6.63 | | | | 5-15-29 | | | | 800,000 | | | | 999,481 | |
Time Warner Cable Incorporated | | | 6.75 | | | | 7-1-18 | | | | 2,000,000 | | | | 2,502,758 | |
Time Warner Cable Incorporated | | | 6.75 | | | | 6-15-39 | | | | 500,000 | | | | 650,030 | |
Time Warner Cable Incorporated | | | 7.30 | | | | 7-1-38 | | | | 800,000 | | | | 1,093,262 | |
Time Warner Cable Incorporated | | | 7.50 | | | | 4-1-14 | | | | 150,000 | | | | 165,223 | |
Time Warner Cable Incorporated | | | 7.57 | | | | 2-1-24 | | | | 250,000 | | | | 332,346 | |
Time Warner Cable Incorporated | | | 7.63 | | | | 4-15-31 | | | | 825,000 | | | | 1,121,321 | |
Time Warner Cable Incorporated | | | 7.70 | | | | 5-1-32 | | | | 700,000 | | | | 966,759 | |
Time Warner Cable Incorporated | | | 8.25 | | | | 2-14-14 | | | | 150,000 | | | | 165,729 | |
Time Warner Cable Incorporated | | | 8.25 | | | | 4-1-19 | | | | 650,000 | | | | 867,989 | |
Time Warner Cable Incorporated | | | 8.38 | | | | 3-15-23 | | | | 250,000 | | | | 349,972 | |
Time Warner Cable Incorporated | | | 8.38 | | | | 7-15-33 | | | | 300,000 | | | | 432,386 | |
Time Warner Cable Incorporated | | | 8.75 | | | | 2-14-19 | | | | 204,000 | | | | 276,304 | |
Time Warner Cable Incorporated | | | 9.15 | | | | 2-1-23 | | | | 250,000 | | | | 357,270 | |
Time Warner Incorporated | | | 3.40 | | | | 6-15-22 | | | | 100,000 | | | | 105,246 | |
Time Warner Incorporated | | | 4.90 | | | | 6-15-42 | | | | 51,000 | | | | 55,421 | |
Viacom Incorporated | | | 1.25 | | | | 2-27-15 | | | | 100,000 | | | | 100,985 | |
Viacom Incorporated | | | 2.50 | | | | 12-15-16 | | | | 1,000,000 | | | | 1,047,052 | |
Viacom Incorporated | | | 3.50 | | | | 4-1-17 | | | | 100,000 | | | | 108,648 | |
Viacom Incorporated | | | 4.38 | | | | 9-15-14 | | | | 150,000 | | | | 160,693 | |
Viacom Incorporated | | | 4.50 | | | | 3-1-21 | | | | 500,000 | | | | 566,106 | |
Viacom Incorporated | | | 5.50 | | | | 5-15-33 | | | | 200,000 | | | | 218,608 | |
| | | | |
| 24 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Media (continued) | | | | | | | | | | | | | | | | |
Viacom Incorporated | | | 5.63 | % | | | 9-15-19 | | | $ | 150,000 | | | $ | 179,462 | |
Viacom Incorporated | | | 6.13 | | | | 10-5-17 | | | | 250,000 | | | | 301,552 | |
Viacom Incorporated | | | 6.75 | | | | 10-5-37 | | | | 50,000 | | | | 66,479 | |
Viacom Incorporated | | | 6.88 | | | | 4-30-36 | | | | 680,000 | | | | 912,826 | |
Walt Disney Company | | | 1.35 | | | | 8-16-16 | | | | 500,000 | | | | 510,794 | |
Walt Disney Company | | | 2.75 | | | | 8-16-21 | | | | 500,000 | | | | 527,922 | |
Walt Disney Company | | | 4.13 | | | | 12-1-41 | | | | 500,000 | | | | 571,249 | |
Walt Disney Company | | | 4.50 | | | | 12-15-13 | | | | 700,000 | | | | 736,939 | |
Walt Disney Company | | | 5.50 | | | | 3-15-19 | | | | 500,000 | | | | 607,471 | |
Walt Disney Company Series B | | | 7.00 | | | | 3-1-32 | | | | 75,000 | | | | 112,463 | |
Walt Disney Company Series C | | | 5.63 | | | | 9-15-16 | | | | 250,000 | | | | 296,886 | |
| | | | |
| | | | | | | | | | | | | | | 59,440,844 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Multiline Retail: 0.19% | | | | | | | | | | | | | | | | |
Kohl’s Corporation | | | 6.00 | | | | 1-15-33 | | | | 65,000 | | | | 75,095 | |
Kohl’s Corporation | | | 6.25 | | | | 12-15-17 | | | | 500,000 | | | | 609,138 | |
Macy’s Retail Holdings Incorporated | | | 3.88 | | | | 1-15-22 | | | | 200,000 | | | | 215,627 | |
Macy’s Retail Holdings Incorporated | | | 5.75 | | | | 7-15-14 | | | | 355,000 | | | | 386,116 | |
Macy’s Retail Holdings Incorporated | | | 5.90 | | | | 12-1-16 | | | | 500,000 | | | | 582,502 | |
Macy’s Retail Holdings Incorporated | | | 6.70 | | | | 7-15-34 | | | | 500,000 | | | | 607,953 | |
Macy’s Retail Holdings Incorporated | | | 6.90 | | | | 4-1-29 | | | | 500,000 | | | | 603,866 | |
Nordstrom Incorporated | | | 4.75 | | | | 5-1-20 | | | | 135,000 | | | | 157,024 | |
Nordstrom Incorporated | | | 6.25 | | | | 1-15-18 | | | | 500,000 | | | | 607,934 | |
Nordstrom Incorporated | | | 6.75 | | | | 6-1-14 | | | | 60,000 | | | | 66,276 | |
Target Corporation | | | 1.13 | | | | 7-18-14 | | | | 105,000 | | | | 106,399 | |
Target Corporation | | | 2.90 | | | | 1-15-22 | | | | 750,000 | | | | 795,283 | |
Target Corporation | | | 4.00 | | | | 7-1-42 | | | | 500,000 | | | | 519,001 | |
Target Corporation | | | 5.38 | | | | 5-1-17 | | | | 350,000 | | | | 418,505 | |
Target Corporation | | | 5.88 | | | | 7-15-16 | | | | 300,000 | | | | 355,677 | |
Target Corporation | | | 6.00 | | | | 1-15-18 | | | | 500,000 | | | | 616,491 | |
Target Corporation | | | 6.50 | | | | 10-15-37 | | | | 400,000 | | | | 562,622 | |
Target Corporation | | | 7.00 | | | | 7-15-31 | | | | 500,000 | | | | 696,782 | |
Target Corporation | | | 7.00 | | | | 1-15-38 | | | | 800,000 | | | | 1,192,631 | |
| | | | |
| | | | | | | | | | | | | | | 9,174,922 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Specialty Retail: 0.22% | | | | | | | | | | | | | | | | |
Advance Auto Parts Incorporated | | | 4.50 | | | | 1-15-22 | | | | 100,000 | | | | 106,273 | |
AutoZone Incorporated | | | 5.75 | | | | 1-15-15 | | | | 150,000 | | | | 165,108 | |
AutoZone Incorporated | | | 6.50 | | | | 1-15-14 | | | | 450,000 | | | | 483,442 | |
Family Dollar Stores Incorporated | | | 5.00 | | | | 2-1-21 | | | | 100,000 | | | | 108,238 | |
Gap Incorporated | | | 5.95 | | | | 4-12-21 | | | | 700,000 | | | | 756,461 | |
Home Depot Incorporated | | | 3.95 | | | | 9-15-20 | | | | 400,000 | | | | 457,468 | |
Home Depot Incorporated | | | 4.40 | | | | 4-1-21 | | | | 500,000 | | | | 592,208 | |
Home Depot Incorporated | | | 5.25 | | | | 12-16-13 | | | | 550,000 | | | | 583,975 | |
Home Depot Incorporated | | | 5.40 | | | | 3-1-16 | | | | 680,000 | | | | 789,034 | |
Home Depot Incorporated | | | 5.40 | | | | 9-15-40 | | | | 200,000 | | | | 256,684 | |
Home Depot Incorporated | | | 5.88 | | | | 12-16-36 | | | | 1,000,000 | | | | 1,333,576 | |
Home Depot Incorporated | | | 5.95 | | | | 4-1-41 | | | | 500,000 | | | | 685,719 | |
Lowe’s Companies Incorporated | | | 3.75 | | | | 4-15-21 | | | | 150,000 | | | | 164,037 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 25 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Specialty Retail (continued) | | | | | | | | | | | | | | | | |
Lowe’s Companies Incorporated | | | 4.63 | % | | | 4-15-20 | | | $ | 400,000 | | | $ | 461,456 | |
Lowe’s Companies Incorporated | | | 4.65 | | | | 4-15-42 | | | | 500,000 | | | | 541,466 | |
Lowe’s Companies Incorporated | | | 5.00 | | | | 10-15-15 | | | | 600,000 | | | | 674,386 | |
Lowe’s Companies Incorporated | | | 5.80 | | | | 10-15-36 | | | | 250,000 | | | | 313,524 | |
Lowe’s Companies Incorporated | | | 5.80 | | | | 4-15-40 | | | | 110,000 | | | | 140,601 | |
Lowe’s Companies Incorporated | | | 6.50 | | | | 3-15-29 | | | | 75,000 | | | | 96,601 | |
Lowe’s Companies Incorporated | | | 6.65 | | | | 9-15-37 | | | | 350,000 | | | | 470,964 | |
O’Reilly Automotive Incorporated | | | 4.63 | | | | 9-15-21 | | | | 150,000 | | | | 164,047 | |
Staples Incorporated | | | 9.75 | | | | 1-15-14 | | | | 500,000 | | | | 558,445 | |
TJX Companies Incorporated | | | 4.20 | | | | 8-15-15 | | | | 250,000 | | | | 274,333 | |
TJX Companies Incorporated | | | 6.95 | | | | 4-15-19 | | | | 85,000 | | | | 109,082 | |
| | | | |
| | | | | | | | | | | | | | | 10,287,128 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Textiles, Apparel & Luxury Goods: 0.01% | | | | | | | | | | | | | | | | |
VF Corporation | | | 5.95 | | | | 11-1-17 | | | | 100,000 | | | | 119,880 | |
VF Corporation | | | 6.45 | | | | 11-1-37 | | | | 150,000 | | | | 208,628 | |
| | | | |
| | | | | | | | | | | | | | | 328,508 | |
| | | | | | | | | | | | | | | | |
| | | | |
Consumer Staples: 1.96% | | | | | | | | | | | | | | | | |
| | | | |
| Beverages: 0.53% | | | | | | | | | | | | | | | | |
Anheuser-Busch Companies Incorporated | | | 1.50 | | | | 7-14-14 | | | | 300,000 | | | | 305,377 | |
Anheuser-Busch Companies Incorporated | | | 3.75 | | | | 7-15-42 | | | | 36,000 | | | | 36,942 | |
Anheuser-Busch Companies Incorporated | | | 5.50 | | | | 1-15-18 | | | | 200,000 | | | | 240,318 | |
Anheuser-Busch Companies Incorporated | | | 5.60 | | | | 3-1-17 | | | | 50,000 | | | | 59,189 | |
Anheuser-Busch Companies Incorporated | | | 5.75 | | | | 4-1-36 | | | | 250,000 | | | | 323,790 | |
Anheuser-Busch InBev Worldwide Incorporated | | | 2.88 | | | | 2-15-16 | | | | 45,000 | | | | 48,111 | |
Anheuser-Busch InBev Worldwide Incorporated | | | 4.13 | | | | 1-15-15 | | | | 625,000 | | | | 676,772 | |
Anheuser-Busch InBev Worldwide Incorporated | | | 4.38 | | | | 2-15-21 | | | | 30,000 | | | | 34,994 | |
Anheuser-Busch InBev Worldwide Incorporated | | | 5.00 | | | | 4-15-20 | | | | 1,000,000 | | | | 1,202,681 | |
Anheuser-Busch InBev Worldwide Incorporated | | | 5.38 | | | | 11-15-14 | | | | 1,000,000 | | | | 1,102,461 | |
Anheuser-Busch InBev Worldwide Incorporated | | | 5.38 | | | | 1-15-20 | | | | 900,000 | | | | 1,099,760 | |
Anheuser-Busch InBev Worldwide Incorporated | | | 6.38 | | | | 1-15-40 | | | | 750,000 | | | | 1,087,294 | |
Anheuser-Busch InBev Worldwide Incorporated | | | 7.75 | | | | 1-15-19 | | | | 1,500,000 | | | | 2,017,512 | |
Anheuser-Busch InBev Worldwide Incorporated | | | 8.20 | | | | 1-15-39 | | | | 500,000 | | | | 838,234 | |
Bottling Group LLC | | | 5.00 | | | | 11-15-13 | | | | 500,000 | | | | 527,017 | |
Bottling Group LLC | | | 6.95 | | | | 3-15-14 | | | | 750,000 | | | | 822,454 | |
Brown-Forman Corporation | | | 2.50 | | | | 1-15-16 | | | | 100,000 | | | | 105,030 | |
Coca-Cola Company | | | 0.75 | | | | 11-15-13 | | | | 450,000 | | | | 452,310 | |
Coca-Cola Company | | | 0.75 | | | | 3-13-15 | | | | 350,000 | | | | 352,777 | |
Coca-Cola Company | | | 1.50 | | | | 11-15-15 | | | | 500,000 | | | | 514,958 | |
Coca-Cola Company | | | 1.65 | | | | 3-14-18 | | | | 1,100,000 | | | | 1,139,342 | |
Coca-Cola Company | | | 1.80 | | | | 9-1-16 | | | | 660,000 | | | | 686,291 | |
Coca-Cola Company | | | 3.15 | | | | 11-15-20 | | | | 1,010,000 | | | | 1,101,091 | |
Coca-Cola Company | | | 3.30 | | | | 9-1-21 | | | | 70,000 | | | | 77,250 | |
Coca-Cola Company | | | 3.63 | | | | 3-15-14 | | | | 300,000 | | | | 314,892 | |
Coca-Cola Enterprises Incorporated | | | 2.00 | | | | 8-19-16 | | | | 100,000 | | | | 102,365 | |
Coca-Cola Enterprises Incorporated | | | 3.50 | | | | 9-15-20 | | | | 500,000 | | | | 528,583 | |
Coca-Cola Enterprises Incorporated | | | 4.50 | | | | 9-1-21 | | | | 100,000 | | | | 112,720 | |
Diageo Investment Corporation | | | 7.45 | | | | 4-15-35 | | | | 150,000 | | | | 228,429 | |
| | | | |
| 26 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Beverages (continued) | | | | | | | | | | | | | | | | |
Dr Pepper Snapple Group Incorporated | | | 2.90 | % | | | 1-15-16 | | | $ | 500,000 | | | $ | 534,154 | |
Dr Pepper Snapple Group Incorporated | | | 3.20 | | | | 11-15-21 | | | | 250,000 | | | | 260,821 | |
Dr Pepper Snapple Group Incorporated | | | 7.45 | | | | 5-1-38 | | | | 100,000 | | | | 148,118 | |
Molson Coors Brewing Company | | | 5.00 | | | | 5-1-42 | | | | 750,000 | | | | 854,500 | |
PepsiCo Americas Incorporated | | | 4.38 | | | | 2-15-14 | | | | 500,000 | | | | 527,216 | |
PepsiCo Incorporated | | | 1.25 | | | | 8-13-17 | | | | 100,000 | | | | 100,177 | |
PepsiCo Incorporated | | | 3.10 | | | | 1-15-15 | | | | 700,000 | | | | 738,834 | |
PepsiCo Incorporated | | | 3.13 | | | | 11-1-20 | | | | 1,000,000 | | | | 1,079,301 | |
PepsiCo Incorporated | | | 3.60 | | | | 8-13-42 | | | | 250,000 | | | | 250,178 | |
PepsiCo Incorporated | | | 3.75 | | | | 3-1-14 | | | | 500,000 | | | | 524,656 | |
PepsiCo Incorporated | | | 4.00 | | | | 3-5-42 | | | | 500,000 | | | | 535,593 | |
PepsiCo Incorporated | | | 4.50 | | | | 1-15-20 | | | | 200,000 | | | | 233,707 | |
PepsiCo Incorporated | | | 5.00 | | | | 6-1-18 | | | | 1,000,000 | | | | 1,186,638 | |
PepsiCo Incorporated | | | 5.50 | | | | 1-15-40 | | | | 300,000 | | | | 390,180 | |
PepsiCo Incorporated | | | 7.90 | | | | 11-1-18 | | | | 500,000 | | | | 677,462 | |
PepsiCo Incorporated Series B | | | 7.00 | | | | 3-1-29 | | | | 600,000 | | | | 858,913 | |
| | | | |
| | | | | | | | | | | | | | | 25,039,392 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Food & Staples Retailing: 0.48% | | | | | | | | | | | | | | | | |
Costco Wholesale Corporation | | | 5.50 | | | | 3-15-17 | | | | 400,000 | | | | 482,730 | |
CVS Caremark Corporation | | | 3.25 | | | | 5-18-15 | | | | 250,000 | | | | 265,200 | |
CVS Caremark Corporation | | | 4.75 | | | | 5-18-20 | | | | 250,000 | | | | 290,646 | |
CVS Caremark Corporation | | | 5.75 | | | | 6-1-17 | | | | 400,000 | | | | 481,025 | |
CVS Caremark Corporation | | | 5.75 | | | | 5-15-41 | | | | 300,000 | | | | 380,880 | |
CVS Caremark Corporation | | | 6.13 | | | | 8-15-16 | | | | 250,000 | | | | 296,274 | |
CVS Caremark Corporation | | | 6.13 | | | | 9-15-39 | | | | 700,000 | | | | 925,275 | |
CVS Caremark Corporation | | | 6.25 | | | | 6-1-27 | | | | 515,000 | | | | 671,156 | |
CVS Caremark Corporation | | | 6.60 | | | | 3-15-19 | | | | 700,000 | | | | 895,903 | |
Delhaize America Incorporated | | | 9.00 | | | | 4-15-31 | | | | 500,000 | | | | 574,191 | |
Kroger Company | | | 2.20 | | | | 1-15-17 | | | | 200,000 | | | | 202,891 | |
Kroger Company | | | 3.90 | | | | 10-1-15 | | | | 150,000 | | | | 163,149 | |
Kroger Company | | | 4.95 | | | | 1-15-15 | | | | 100,000 | | | | 108,954 | |
Kroger Company | | | 6.15 | | | | 1-15-20 | | | | 800,000 | | | | 972,732 | |
Kroger Company | | | 6.90 | | | | 4-15-38 | | | | 300,000 | | | | 379,439 | |
Kroger Company | | | 7.50 | | | | 1-15-14 | | | | 250,000 | | | | 272,731 | |
Kroger Company | | | 7.50 | | | | 4-1-31 | | | | 75,000 | | | | 99,079 | |
Safeway Incorporated | | | 4.75 | | | | 12-1-21 | | | | 500,000 | | | | 494,336 | |
Safeway Incorporated | | | 5.00 | | | | 8-15-19 | | | | 750,000 | | | | 765,713 | |
Safeway Incorporated | | | 6.25 | | | | 3-15-14 | | | | 500,000 | | | | 532,709 | |
Safeway Incorporated | | | 7.25 | | | | 2-1-31 | | | | 75,000 | | | | 78,700 | |
Sysco Corporation | | | 0.55 | | | | 6-12-15 | | | | 100,000 | | | | 99,937 | |
Sysco Corporation | | | 5.25 | | | | 2-12-18 | | | | 300,000 | | | | 361,390 | |
Sysco Corporation | | | 6.63 | | | | 3-17-39 | | | | 200,000 | | | | 293,650 | |
Wal-Mart Stores Incorporated | | | 1.50 | | | | 10-25-15 | | | | 250,000 | | | | 256,877 | |
Wal-Mart Stores Incorporated | | | 1.63 | | | | 4-15-14 | | | | 350,000 | | | | 356,821 | |
Wal-Mart Stores Incorporated | | | 2.25 | | | | 7-8-15 | | | | 1,250,000 | | | | 1,307,496 | |
Wal-Mart Stores Incorporated | | | 2.88 | | | | 4-1-15 | | | | 150,000 | | | | 159,032 | |
Wal-Mart Stores Incorporated | | | 3.20 | | | | 5-15-14 | | | | 500,000 | | | | 524,204 | |
Wal-Mart Stores Incorporated | | | 3.63 | | | | 7-8-20 | | | | 1,100,000 | | | | 1,238,168 | |
Wal-Mart Stores Incorporated | | | 4.25 | | | | 4-15-21 | | | | 500,000 | | | | 587,990 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 27 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Food & Staples Retailing (continued) | | | | | | | | | | | | | | | | |
Wal-Mart Stores Incorporated | | | 4.88 | % | | | 7-8-40 | | | $ | 850,000 | | | $ | 1,036,780 | |
Wal-Mart Stores Incorporated | | | 5.25 | | | | 9-1-35 | | | | 825,000 | | | | 1,034,218 | |
Wal-Mart Stores Incorporated | | | 5.63 | | | | 4-15-41 | | | | 1,000,000 | | | | 1,354,052 | |
Wal-Mart Stores Incorporated | | | 5.80 | | | | 2-15-18 | | | | 700,000 | | | | 871,508 | |
Wal-Mart Stores Incorporated | | | 5.88 | | | | 4-5-27 | | | | 100,000 | | | | 133,524 | |
Wal-Mart Stores Incorporated | | | 6.20 | | | | 4-15-38 | | | | 1,000,000 | | | | 1,414,321 | |
Wal-Mart Stores Incorporated | | | 6.50 | | | | 8-15-37 | | | | 1,000,000 | | | | 1,456,401 | |
Wal-Mart Stores Incorporated | | | 7.55 | | | | 2-15-30 | | | | 500,000 | | | | 769,918 | |
Walgreen Company | | | 5.25 | | | | 1-15-19 | | | | 250,000 | | | | 290,608 | |
| | | | |
| | | | | | | | | | | | | | | 22,880,608 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Food Products: 0.46% | | | | | | | | | | | | | | | | |
Archer-Daniels-Midland Company | | | 4.48 | | | | 3-1-21 | | | | 535,000 | | | | 619,803 | |
Archer-Daniels-Midland Company | | | 5.38 | | | | 9-15-35 | | | | 350,000 | | | | 433,718 | |
Archer-Daniels-Midland Company | | | 5.45 | | | | 3-15-18 | | | | 100,000 | | | | 120,380 | |
Archer-Daniels-Midland Company | | | 5.77 | | | | 3-1-41 | | | | 340,000 | | | | 450,186 | |
Archer-Daniels-Midland Company | | | 5.94 | | | | 10-1-32 | | | | 500,000 | | | | 636,158 | |
Campbell Soup Company | | | 2.50 | | | | 8-2-22 | | | | 121,000 | | | | 120,861 | |
Campbell Soup Company | | | 3.38 | | | | 8-15-14 | | | | 300,000 | | | | 315,878 | |
Campbell Soup Company | | | 4.50 | | | | 2-15-19 | | | | 285,000 | | | | 326,136 | |
Campbell Soup Company | | | 4.88 | | | | 10-1-13 | | | | 250,000 | | | | 261,711 | |
ConAgra Foods Incorporated | | | 7.00 | | | | 4-15-19 | | | | 500,000 | | | | 629,207 | |
ConAgra Foods Incorporated | | | 8.25 | | | | 9-15-30 | | | | 120,000 | | | | 161,522 | |
Corn Products International Incorporated | | | 4.63 | | | | 11-1-20 | | | | 300,000 | | | | 329,265 | |
General Mills Incorporated | | | 5.40 | | | | 6-15-40 | | | | 345,000 | | | | 433,239 | |
General Mills Incorporated | | | 5.65 | | | | 2-15-19 | | | | 1,000,000 | | | | 1,209,278 | |
General Mills Incorporated | | | 5.70 | | | | 2-15-17 | | | | 100,000 | | | | 119,584 | |
H.J. Heinz Company | | | 2.85 | | | | 3-1-22 | | | | 1,000,000 | | | | 1,027,639 | |
H.J. Heinz Company | | | 6.75 | | | | 3-15-32 | | | | 250,000 | | | | 320,429 | |
Hershey Company | | | 4.13 | | | | 12-1-20 | | | | 500,000 | | | | 569,988 | |
Hormel Foods Corporation | | | 4.13 | | | | 4-15-21 | | | | 100,000 | | | | 113,650 | |
J.M. Smucker Company | | | 3.50 | | | | 10-15-21 | | | | 300,000 | | | | 322,195 | |
Kellogg Company | | | 3.25 | | | | 5-21-18 | | | | 65,000 | | | | 71,151 | |
Kellogg Company | | | 4.00 | | | | 12-15-20 | | | | 350,000 | | | | 394,508 | |
Kellogg Company | | | 4.15 | | | | 11-15-19 | | | | 300,000 | | | | 339,725 | |
Kellogg Company | | | 4.45 | | | | 5-30-16 | | | | 300,000 | | | | 334,289 | |
Kellogg Company Series B | | | 7.45 | | | | 4-1-31 | | | | 350,000 | | | | 492,485 | |
Kraft Foods Incorporated 144A | | | 1.63 | | | | 6-4-15 | | | | 300,000 | | | | 304,710 | |
Kraft Foods Incorporated 144A | | | 3.50 | | | | 6-6-22 | | | | 750,000 | | | | 794,961 | |
Kraft Foods Incorporated | | | 4.13 | | | | 2-9-16 | | | | 1,500,000 | | | | 1,646,094 | |
Kraft Foods Incorporated 144A | | | 5.00 | | | | 6-4-42 | | | | 750,000 | | | | 854,656 | |
Kraft Foods Incorporated | | | 5.25 | | | | 10-1-13 | | | | 350,000 | | | | 366,404 | |
Kraft Foods Incorporated | | | 5.38 | | | | 2-10-20 | | | | 1,250,000 | | | | 1,503,201 | |
Kraft Foods Incorporated | | | 6.13 | | | | 8-23-18 | | | | 1,000,000 | | | | 1,236,960 | |
Kraft Foods Incorporated | | | 6.50 | | | | 8-11-17 | | | | 250,000 | | | | 307,412 | |
Kraft Foods Incorporated | | | 6.50 | | | | 11-1-31 | | | | 384,000 | | | | 496,656 | |
Kraft Foods Incorporated | | | 6.50 | | | | 2-9-40 | | | | 950,000 | | | | 1,310,402 | |
Kraft Foods Incorporated | | | 6.88 | | | | 2-1-38 | | | | 600,000 | | | | 822,772 | |
Kraft Foods Incorporated | | | 6.88 | | | | 1-26-39 | | | | 100,000 | | | | 138,879 | |
Kraft Foods Incorporated | | | 7.00 | | | | 8-11-37 | | | | 360,000 | | | | 502,485 | |
| | | | |
| 28 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Food Products (continued) | | | | | | | | | | | | | | | | |
McCormick & Company | | | 3.90 | % | | | 7-15-21 | | | $ | 75,000 | | | $ | 83,376 | |
Mead Johnson Nutrition Company | | | 3.50 | | | | 11-1-14 | | | | 200,000 | | | | 207,584 | |
Mead Johnson Nutrition Company | | | 4.90 | | | | 11-1-19 | | | | 250,000 | | | | 286,196 | |
Mead Johnson Nutrition Company | | | 5.90 | | | | 11-1-39 | | | | 100,000 | | | | 125,183 | |
Ralcorp Holdings Incorporated | | | 6.63 | | | | 8-15-39 | | | | 200,000 | | | | 213,903 | |
Sara Lee Corporation | | | 4.10 | | | | 9-15-20 | | | | 266,000 | | | | 277,971 | |
Tyson Foods Incorporated | | | 4.50 | | | | 6-15-22 | | | | 500,000 | | | | 505,000 | |
| | | | |
| | | | | | | | | | | | | | | 22,137,790 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Household Products: 0.17% | | | | | | | | | | | | | | | | |
Clorox Company | | | 5.00 | | | | 1-15-15 | | | | 300,000 | | | | 326,844 | |
Clorox Company | | | 5.95 | | | | 10-15-17 | | | | 90,000 | | | | 107,262 | |
Colgate-Palmolive Company | | | 1.95 | | | | 2-1-23 | | | | 200,000 | | | | 196,232 | |
Colgate-Palmolive Company | | | 2.95 | | | | 11-1-20 | | | | 200,000 | | | | 214,963 | |
Colgate-Palmolive Company | | | 5.20 | | | | 11-7-16 | | | | 100,000 | | | | 117,678 | |
Colgate-Palmolive Company Series F | | | 3.15 | | | | 8-5-15 | | | | 340,000 | | | | 366,102 | |
Kimberly-Clark Corporation | | | 3.63 | | | | 8-1-20 | | | | 750,000 | | | | 836,753 | |
Kimberly-Clark Corporation | | | 5.30 | | | | 3-1-41 | | | | 245,000 | | | | 323,784 | |
Kimberly-Clark Corporation | | | 6.13 | | | | 8-1-17 | | | | 200,000 | | | | 246,085 | |
Kimberly-Clark Corporation | | | 6.63 | | | | 8-1-37 | | | | 200,000 | | | | 300,845 | |
Kimberly-Clark Corporation | | | 7.50 | | | | 11-1-18 | | | | 100,000 | | | | 134,139 | |
Procter & Gamble Company | | | 1.45 | | | | 8-15-16 | | | | 1,000,000 | | | | 1,026,625 | |
Procter & Gamble Company | | | 1.80 | | | | 11-15-15 | | | | 400,000 | | | | 414,596 | |
Procter & Gamble Company | | | 3.50 | | | | 2-15-15 | | | | 1,000,000 | | | | 1,071,119 | |
Procter & Gamble Company | | | 4.70 | | | | 2-15-19 | | | | 500,000 | | | | 593,735 | |
Procter & Gamble Company | | | 4.85 | | | | 12-15-15 | | | | 500,000 | | | | 568,057 | |
Procter & Gamble Company | | | 5.50 | | | | 2-1-34 | | | | 350,000 | | | | 465,192 | |
Procter & Gamble Company | | | 5.55 | | | | 3-5-37 | | | | 500,000 | | | | 688,421 | |
Procter & Gamble Company | | | 5.80 | | | | 8-15-34 | | | | 100,000 | | | | 138,119 | |
| | | | |
| | | | | | | | | | | | | | | 8,136,551 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Personal Products: 0.02% | | | | | | | | | | | | | | | | |
Avon Products Incorporated | | | 4.20 | | | | 7-15-18 | | | | 350,000 | | | | 344,576 | |
Avon Products Incorporated | | | 5.63 | | | | 3-1-14 | | | | 500,000 | | | | 526,197 | |
Estee Lauder Companies Incorporated | | | 6.00 | | | | 5-15-37 | | | | 200,000 | | | | 264,042 | |
| | | | |
| | | | | | | | | | | | | | | 1,134,815 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Tobacco: 0.30% | | | | | | | | | | | | | | | | |
Altria Group Incorporated | | | 2.85 | | | | 8-9-22 | | | | 250,000 | | | | 249,289 | |
Altria Group Incorporated | | | 4.13 | | | | 9-11-15 | | | | 500,000 | | | | 547,166 | |
Altria Group Incorporated | | | 4.25 | | | | 8-9-42 | | | | 250,000 | | | | 244,357 | |
Altria Group Incorporated | | | 4.75 | | | | 5-5-21 | | | | 500,000 | | | | 577,316 | |
Altria Group Incorporated | | | 8.50 | | | | 11-10-13 | | | | 500,000 | | | | 545,232 | |
Altria Group Incorporated | | | 9.25 | | | | 8-6-19 | | | | 1,000,000 | | | | 1,426,029 | |
Altria Group Incorporated | | | 9.70 | | | | 11-10-18 | | | | 1,050,000 | | | | 1,507,541 | |
Altria Group Incorporated | | | 9.95 | | | | 11-10-38 | | | | 350,000 | | | | 598,581 | |
Altria Group Incorporated | | | 10.20 | | | | 2-6-39 | | | | 500,000 | | | | 872,634 | |
Lorillard Tobacco Company | | | 2.30 | | | | 8-21-17 | | | | 100,000 | | | | 101,253 | |
Lorillard Tobacco Company | | | 3.50 | | | | 8-4-16 | | | | 45,000 | | | | 47,906 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 29 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Tobacco (continued) | | | | | | | | | | | | | | | | |
Lorillard Tobacco Company | | | 6.88 | % | | | 5-1-20 | | | $ | 250,000 | | | $ | 306,523 | |
Lorillard Tobacco Company | | | 8.13 | | | | 6-23-19 | | | | 155,000 | | | | 199,070 | |
Lorillard Tobacco Company | | | 8.13 | | | | 5-1-40 | | | | 250,000 | | | | 328,043 | |
Philip Morris International Incorporated | | | 1.63 | | | | 3-20-17 | | | | 500,000 | | | | 510,184 | |
Philip Morris International Incorporated | | | 2.50 | | | | 5-16-16 | | | | 500,000 | | | | 527,824 | |
Philip Morris International Incorporated | | | 4.50 | | | | 3-26-20 | | | | 750,000 | | | | 875,545 | |
Philip Morris International Incorporated | | | 4.50 | | | | 3-20-42 | | | | 500,000 | | | | 558,369 | |
Philip Morris International Incorporated | | | 5.65 | | | | 5-16-18 | | | | 700,000 | | | | 855,702 | |
Philip Morris International Incorporated | | | 6.38 | | | | 5-16-38 | | | | 600,000 | | | | 838,849 | |
Philip Morris International Incorporated | | | 6.88 | | | | 3-17-14 | | | | 750,000 | | | | 821,981 | |
Reynolds American Incorporated | | | 7.25 | | | | 6-15-37 | | | | 200,000 | | | | 256,522 | |
Reynolds American Incorporated | | | 7.63 | | | | 6-1-16 | | | | 1,000,000 | | | | 1,204,307 | |
UST Incorporated | | | 5.75 | | | | 3-1-18 | | | | 100,000 | | | | 119,203 | |
| | | | |
| | | | | | | | | | | | | | | 14,119,426 | |
| | | | | | | | | | | | | | | | |
| | | | |
Energy: 1.56% | | | | | | | | | | | | | | | | |
| | | | |
| Energy Equipment & Services: 0.12% | | | | | | | | | | | | | | | | |
Baker Hughes Incorporated | | | 5.13 | | | | 9-15-40 | | | | 500,000 | | | | 619,007 | |
Baker Hughes Incorporated | | | 6.88 | | | | 1-15-29 | | | | 250,000 | | | | 340,937 | |
Baker Hughes Incorporated | | | 7.50 | | | | 11-15-18 | | | | 375,000 | | | | 505,101 | |
Cameron International Corporation | | | 4.50 | | | | 6-1-21 | | | | 200,000 | | | | 217,713 | |
Cameron International Corporation | | | 5.95 | | | | 6-1-41 | | | | 100,000 | | | | 120,379 | |
Cameron International Corporation | | | 7.00 | | | | 7-15-38 | | | | 100,000 | | | | 133,181 | |
Diamond Offshore Drilling Incorporated | | | 5.70 | | | | 10-15-39 | | | | 300,000 | | | | 386,509 | |
Diamond Offshore Drilling Incorporated | | | 5.88 | | | | 5-1-19 | | | | 365,000 | | | | 442,723 | |
Halliburton Company | | | 6.15 | | | | 9-15-19 | | | | 350,000 | | | | 434,848 | |
Halliburton Company | | | 7.45 | | | | 9-15-39 | | | | 650,000 | | | | 1,024,918 | |
Petrohawk Energy Corporation | | | 6.25 | | | | 6-1-19 | | | | 1,250,000 | | | | 1,415,860 | |
Rowan Companies Incorporated | | | 7.88 | | | | 8-1-19 | | | | 300,000 | | | | 366,400 | |
| | | | |
| | | | | | | | | | | | | | | 6,007,576 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Oil, Gas & Consumable Fuels: 1.44% | | | | | | | | | | | | | | | | |
Anadarko Petroleum Corporation | | | 5.95 | | | | 9-15-16 | | | | 600,000 | | | | 693,906 | |
Anadarko Petroleum Corporation | | | 6.20 | | | | 3-15-40 | | | | 300,000 | | | | 365,044 | |
Anadarko Petroleum Corporation | | | 6.38 | | | | 9-15-17 | | | | 500,000 | | | | 597,922 | |
Anadarko Petroleum Corporation | | | 6.45 | | | | 9-15-36 | | | | 750,000 | | | | 927,041 | |
Anadarko Petroleum Corporation | | | 7.63 | | | | 3-15-14 | | | | 500,000 | | | | 547,373 | |
Anadarko Petroleum Corporation | | | 8.70 | | | | 3-15-19 | | | | 450,000 | | | | 598,676 | |
Apache Corporation | | | 3.25 | | | | 4-15-22 | | | | 500,000 | | | | 536,607 | |
Apache Corporation | | | 3.63 | | | | 2-1-21 | | | | 500,000 | | | | 554,261 | |
Apache Corporation | | | 4.75 | | | | 4-15-43 | | | | 1,000,000 | | | | 1,148,615 | |
Apache Corporation | | | 5.10 | | | | 9-1-40 | | | | 350,000 | | | | 420,748 | |
Apache Corporation | | | 5.25 | | | | 2-1-42 | | | | 100,000 | | | | 123,372 | |
Apache Corporation | | | 5.63 | | | | 1-15-17 | | | | 380,000 | | | | 451,134 | |
Apache Corporation | | | 6.00 | | | | 9-15-13 | | | | 200,000 | | | | 211,393 | |
Apache Corporation | | | 6.00 | | | | 1-15-37 | | | | 500,000 | | | | 670,249 | |
BJ Services Company | | | 6.00 | | | | 6-1-18 | | | | 150,000 | | | | 185,539 | |
Boardwalk Pipelines LP | | | 5.75 | | | | 9-15-19 | | | | 150,000 | | | | 166,198 | |
Boardwalk Pipelines LP | | | 5.88 | | | | 11-15-16 | | | | 100,000 | | | | 112,571 | |
| | | | |
| 30 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Oil, Gas & Consumable Fuels (continued) | | | | | | | | | | | | | | | | |
Buckeye Partners LP | | | 4.88 | % | | | 2-1-21 | | | $ | 560,000 | | | $ | 562,351 | |
Buckeye Partners LP | | | 5.50 | | | | 8-15-19 | | | | 150,000 | | | | 157,913 | |
Buckeye Partners LP | | | 6.05 | | | | 1-15-18 | | | | 100,000 | | | | 110,489 | |
Centerpoint Energy Resources Corporation | | | 6.00 | | | | 5-15-18 | | | | 100,000 | | | | 120,322 | |
Centerpoint Energy Resources Corporation | | | 6.13 | | | | 11-1-17 | | | | 150,000 | | | | 179,716 | |
Centerpoint Energy Resources Corporation | | | 6.63 | | | | 11-1-37 | | | | 50,000 | | | | 68,178 | |
Chevron Corporation | | | 3.95 | | | | 3-3-14 | | | | 600,000 | | | | 630,927 | |
Chevron Corporation | | | 4.95 | | | | 3-3-19 | | | | 500,000 | | | | 609,328 | |
ConocoPhillips Company | | | 4.60 | | | | 1-15-15 | | | | 500,000 | | | | 547,591 | |
ConocoPhillips Company | | | 4.75 | | | | 2-1-14 | | | | 380,000 | | | | 401,564 | |
ConocoPhillips Company | | | 5.75 | | | | 2-1-19 | | | | 1,250,000 | | | | 1,551,329 | |
ConocoPhillips Company | | | 5.90 | | | | 10-15-32 | | | | 250,000 | | | | 325,167 | |
ConocoPhillips Company | | | 5.90 | | | | 5-15-38 | | | | 100,000 | | | | 133,927 | |
ConocoPhillips Company | | | 6.00 | | | | 1-15-20 | | | | 750,000 | | | | 954,129 | |
ConocoPhillips Company | | | 6.50 | | | | 2-1-39 | | | | 900,000 | | | | 1,299,644 | |
ConocoPhillips Company | | | 6.95 | | | | 4-15-29 | | | | 300,000 | | | | 425,456 | |
Devon Energy Corporation | | | 2.40 | | | | 7-15-16 | | | | 200,000 | | | | 209,187 | |
Devon Energy Corporation | | | 4.00 | | | | 7-15-21 | | | | 200,000 | | | | 221,423 | |
Devon Energy Corporation | | | 5.60 | | | | 7-15-41 | | | | 200,000 | | | | 241,017 | |
Devon Energy Corporation | | | 6.30 | | | | 1-15-19 | | | | 600,000 | | | | 743,074 | |
Devon Energy Corporation | | | 7.95 | | | | 4-15-32 | | | | 500,000 | | | | 745,645 | |
El Paso Natural Gas Company | | | 5.95 | | | | 4-15-17 | | | | 150,000 | | | | 171,805 | |
El Paso Natural Gas Company | | | 8.38 | | | | 6-15-32 | | | | 650,000 | | | | 912,516 | |
Enbridge Energy Partners LP | | | 5.20 | | | | 3-15-20 | | | | 380,000 | | | | 433,109 | |
Enbridge Energy Partners LP | | | 5.50 | | | | 9-15-40 | | | | 200,000 | | | | 227,295 | |
Enbridge Energy Partners LP | | | 5.88 | | | | 12-15-16 | | | | 65,000 | | | | 75,434 | |
Enbridge Energy Partners LP | | | 6.50 | | | | 4-15-18 | | | | 200,000 | | | | 241,231 | |
Enbridge Energy Partners LP | | | 7.50 | | | | 4-15-38 | | | | 270,000 | | | | 362,240 | |
Enbridge Energy Partners LP | | | 9.88 | | | | 3-1-19 | | | | 125,000 | | | | 168,865 | |
Enbridge Incorporated | | | 5.80 | | | | 6-15-14 | | | | 300,000 | | | | 324,834 | |
Energen Corporation | | | 4.63 | | | | 9-1-21 | | | | 100,000 | | | | 104,272 | |
Energy Transfer Partners LP | | | 4.65 | | | | 6-1-21 | | | | 100,000 | | | | 106,624 | |
Energy Transfer Partners LP | | | 5.20 | | | | 2-1-22 | | | | 500,000 | | | | 550,726 | |
Energy Transfer Partners LP | | | 6.05 | | | | 6-1-41 | | | | 300,000 | | | | 327,062 | |
Energy Transfer Partners LP | | | 6.13 | | | | 2-15-17 | | | | 55,000 | | | | 63,249 | |
Energy Transfer Partners LP | | | 6.50 | | | | 2-1-42 | | | | 500,000 | | | | 568,278 | |
Energy Transfer Partners LP | | | 6.63 | | | | 10-15-36 | | | | 230,000 | | | | 255,865 | |
Energy Transfer Partners LP | | | 6.70 | | | | 7-1-18 | | | | 100,000 | | | | 118,543 | |
Energy Transfer Partners LP | | | 7.50 | | | | 7-1-38 | | | | 100,000 | | | | 119,465 | |
Energy Transfer Partners LP | | | 9.00 | | | | 4-15-19 | | | | 1,000,000 | | | | 1,267,602 | |
Enterprise Products Operating LLC | | | 1.25 | | | | 8-13-15 | | | | 249,000 | | | | 250,775 | |
Enterprise Products Operating LLC | | | 3.20 | | | | 2-1-16 | | | | 100,000 | | | | 105,506 | |
Enterprise Products Operating LLC | | | 4.45 | | | | 2-15-43 | | | | 250,000 | | | | 246,463 | |
Enterprise Products Operating LLC | | | 5.20 | | | | 9-1-20 | | | | 500,000 | | | | 586,786 | |
Enterprise Products Operating LLC | | | 5.25 | | | | 1-31-20 | | | | 700,000 | | | | 817,300 | |
Enterprise Products Operating LLC | | | 5.70 | | | | 2-15-42 | | | | 200,000 | | | | 230,793 | |
Enterprise Products Operating LLC | | | 5.95 | | | | 2-1-41 | | | | 100,000 | | | | 118,669 | |
Enterprise Products Operating LLC | | | 6.13 | | | | 10-15-39 | | | | 1,000,000 | | | | 1,190,091 | |
Enterprise Products Operating LLC | | | 6.30 | | | | 9-15-17 | | | | 400,000 | | | | 484,116 | |
Enterprise Products Operating LLC | | | 6.65 | | | | 4-15-18 | | | | 250,000 | | | | 307,898 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 31 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Oil, Gas & Consumable Fuels (continued) | | | | | | | | | | | | | | | | |
Enterprise Products Operating LLC | | | 7.55 | % | | | 4-15-38 | | | $ | 100,000 | | | $ | 134,696 | |
Enterprise Products Operating LLC Series D | | | 6.88 | | | | 3-1-33 | | | | 75,000 | | | | 96,237 | |
Enterprise Products Operating LLC Series G | | | 5.60 | | | | 10-15-14 | | | | 565,000 | | | | 618,858 | |
EOG Resources Incorporated | | | 2.95 | | | | 6-1-15 | | | | 500,000 | | | | 528,432 | |
EOG Resources Incorporated | | | 4.10 | | | | 2-1-21 | | | | 200,000 | | | | 227,311 | |
EOG Resources Incorporated | | | 4.40 | | | | 6-1-20 | | | | 300,000 | | | | 344,337 | |
EOG Resources Incorporated | | | 5.63 | | | | 6-1-19 | | | | 75,000 | | | | 91,771 | |
EOG Resources Incorporated | | | 6.88 | | | | 10-1-18 | | | | 400,000 | | | | 504,840 | |
EQT Corporation | | | 4.88 | | | | 11-15-21 | | | | 300,000 | | | | 316,393 | |
EQT Corporation | | | 8.13 | | | | 6-1-19 | | | | 325,000 | | | | 391,662 | |
Equitable Resources Incorporated | | | 6.50 | | | | 4-1-18 | | | | 100,000 | | | | 115,425 | |
Gulf South Pipeline Limited 144A | | | 4.00 | | | | 6-15-22 | | | | 200,000 | | | | 200,421 | |
Hess Corporation | | | 5.60 | | | | 2-15-41 | | | | 300,000 | | | | 341,288 | |
Hess Corporation | | | 6.00 | | | | 1-15-40 | | | | 350,000 | | | | 413,214 | |
Hess Corporation | | | 7.30 | | | | 8-15-31 | | | | 384,000 | | | | 498,797 | |
Hess Corporation | | | 7.88 | | | | 10-1-29 | | | | 180,000 | | | | 241,043 | |
Hess Corporation | | | 8.13 | | | | 2-15-19 | | | | 500,000 | | | | 652,726 | |
Kerr-McGee Corporation | | | 6.95 | | | | 7-1-24 | | | | 200,000 | | | | 256,586 | |
Kinder Morgan Energy Partners LP | | | 3.45 | | | | 2-15-23 | | | | 250,000 | | | | 255,992 | |
Kinder Morgan Energy Partners LP | | | 3.50 | | | | 3-1-16 | | | | 500,000 | | | | 535,197 | |
Kinder Morgan Energy Partners LP | | | 5.00 | | | | 12-15-13 | | | | 100,000 | | | | 105,069 | |
Kinder Morgan Energy Partners LP | | | 5.00 | | | | 8-15-42 | | | | 250,000 | | | | 257,590 | |
Kinder Morgan Energy Partners LP | | | 5.13 | | | | 11-15-14 | | | | 500,000 | | | | 540,866 | |
Kinder Morgan Energy Partners LP | | | 5.30 | | | | 9-15-20 | | | | 125,000 | | | | 144,376 | |
Kinder Morgan Energy Partners LP | | | 5.80 | | | | 3-1-21 | | | | 1,000,000 | | | | 1,187,547 | |
Kinder Morgan Energy Partners LP | | | 5.80 | | | | 3-15-35 | | | | 100,000 | | | | 111,812 | |
Kinder Morgan Energy Partners LP | | | 5.95 | | | | 2-15-18 | | | | 500,000 | | | | 594,726 | |
Kinder Morgan Energy Partners LP | | | 6.38 | | | | 3-1-41 | | | | 500,000 | | | | 603,296 | |
Kinder Morgan Energy Partners LP | | | 6.50 | | | | 9-1-39 | | | | 750,000 | | | | 900,979 | |
Kinder Morgan Energy Partners LP | | | 6.95 | | | | 1-15-38 | | | | 500,000 | | | | 626,912 | |
Magellan Midstream Partners LP | | | 6.40 | | | | 7-15-18 | | | | 100,000 | | | | 122,145 | |
Magellan Midstream Partners LP | | | 6.55 | | | | 7-15-19 | | | | 575,000 | | | | 702,137 | |
Marathon Oil Corporation | | | 6.00 | | | | 10-1-17 | | | | 625,000 | | | | 747,175 | |
Marathon Oil Corporation | | | 6.60 | | | | 10-1-37 | | | | 450,000 | | | | 594,773 | |
Marathon Petroleum Corporation | | | 3.50 | | | | 3-1-16 | | | | 555,000 | | | | 588,810 | |
Marathon Petroleum Corporation | | | 5.13 | | | | 3-1-21 | | | | 35,000 | | | | 40,244 | |
Marathon Petroleum Corporation | | | 6.50 | | | | 3-1-41 | | | | 545,000 | | | | 665,931 | |
Murphy Oil Corporation | | | 7.05 | | | | 5-1-29 | | | | 200,000 | | | | 245,798 | |
Nabors Industries Incorporated | | | 5.00 | | | | 9-15-20 | | | | 300,000 | | | | 326,363 | |
Nabors Industries Incorporated | | | 6.15 | | | | 2-15-18 | | | | 500,000 | | | | 583,084 | |
Nabors Industries Incorporated | | | 9.25 | | | | 1-15-19 | | | | 500,000 | | | | 647,579 | |
Nexen Incorporated | | | 7.88 | | | | 3-15-32 | | | | 120,000 | | | | 162,947 | |
Nextera Energy Capital | | | 4.50 | | | | 6-1-21 | | | | 200,000 | | | | 223,337 | |
Noble Energy Incorporated | | | 6.00 | | | | 3-1-41 | | | | 565,000 | | | | 695,485 | |
Noble Energy Incorporated | | | 8.25 | | | | 3-1-19 | | | | 350,000 | | | | 452,715 | |
Northwest Pipeline Corporation | | | 6.05 | | | | 6-15-18 | | | | 170,000 | | | | 203,948 | |
Nustar Logistics LP | | | 4.80 | | | | 9-1-20 | | | | 250,000 | | | | 237,214 | |
Occidental Petroleum Corporation | | | 1.45 | | | | 12-13-13 | | | | 500,000 | | | | 506,155 | |
Occidental Petroleum Corporation | | | 1.50 | | | | 2-15-18 | | | | 250,000 | | | | 254,231 | |
Occidental Petroleum Corporation | | | 2.50 | | | | 2-1-16 | | | | 100,000 | | | | 105,317 | |
| | | | |
| 32 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Oil, Gas & Consumable Fuels (continued) | | | | | | | | | | | | | | | | |
Occidental Petroleum Corporation | | | 2.70 | % | | | 2-15-23 | | | $ | 500,000 | | | $ | 514,708 | |
Occidental Petroleum Corporation | | | 3.13 | | | | 2-15-22 | | | | 500,000 | | | | 536,881 | |
Occidental Petroleum Corporation | | | 4.10 | | | | 2-1-21 | | | | 460,000 | | | | 526,597 | |
Occidental Petroleum Corporation | | | 4.13 | | | | 6-1-16 | | | | 400,000 | | | | 446,802 | |
ONEOK Partners LP | | | 6.13 | | | | 2-1-41 | | | | 500,000 | | | | 588,548 | |
ONEOK Partners LP | | | 6.15 | | | | 10-1-16 | | | | 200,000 | | | | 233,277 | |
ONEOK Partners LP | | | 6.85 | | | | 10-15-37 | | | | 500,000 | | | | 610,382 | |
ONEOK Partners LP | | | 8.63 | | | | 3-1-19 | | | | 350,000 | | | | 455,572 | |
Phillips 66 144A | | | 2.95 | | | | 5-1-17 | | | | 1,000,000 | | | | 1,049,574 | |
Phillips 66 144A | | | 4.30 | | | | 4-1-22 | | | | 1,000,000 | | | | 1,089,775 | |
Plains All American Pipeline LP | | | 3.65 | | | | 6-1-22 | | | | 500,000 | | | | 528,622 | |
Plains All American Pipeline LP | | | 5.00 | | | | 2-1-21 | | | | 200,000 | | | | 232,038 | |
Plains All American Pipeline LP | | | 5.15 | | | | 6-1-42 | | | | 500,000 | | | | 566,098 | |
Plains All American Pipeline LP | | | 6.50 | | | | 5-1-18 | | | | 150,000 | | | | 183,540 | |
Plains All American Pipeline LP | | | 6.65 | | | | 1-15-37 | | | | 200,000 | | | | 256,684 | |
Plains All American Pipeline LP | | | 8.75 | | | | 5-1-19 | | | | 400,000 | | | | 536,235 | |
Southern Natural Gas Company 144A | | | 5.90 | | | | 4-1-17 | | | | 500,000 | | | | 588,738 | |
Southwestern Energy Company 144A | | | 4.10 | | | | 3-15-22 | | | | 1,000,000 | | | | 1,052,129 | |
Spectra Energy Capital LLC | | | 4.60 | | | | 6-15-21 | | | | 100,000 | | | | 108,615 | |
Spectra Energy Capital LLC | | | 5.67 | | | | 8-15-14 | | | | 125,000 | | | | 134,737 | |
Spectra Energy Capital LLC | | | 5.90 | | | | 9-15-13 | | | | 100,000 | | | | 104,808 | |
Spectra Energy Capital LLC | | | 7.50 | | | | 9-15-38 | | | | 100,000 | | | | 135,336 | |
Spectra Energy Capital LLC | | | 8.00 | | | | 10-1-19 | | | | 100,000 | | | | 129,834 | |
Sunoco Logistics Partner LP | | | 6.85 | | | | 2-15-40 | | | | 250,000 | | | | 291,342 | |
TC Pipelines LP | | | 4.65 | | | | 6-15-21 | | | | 300,000 | | | | 319,925 | |
Texas Eastern Transmission LP | | | 7.00 | | | | 7-15-32 | | | | 325,000 | | | | 435,789 | |
TransCanada PipeLines Limited | | | 4.88 | | | | 1-15-15 | | | | 65,000 | | | | 70,835 | |
TransCanada PipeLines Limited | | | 5.60 | | | | 3-31-34 | | | | 100,000 | | | | 123,700 | |
Transcontinental Gas Pipe Line Corporation | | | 6.05 | | | | 6-15-18 | | | | 105,000 | | | | 125,968 | |
Transocean Incorporated | | | 6.50 | | | | 11-15-20 | | | | 300,000 | | | | 358,804 | |
Transocean Incorporated | | | 6.80 | | | | 3-15-38 | | | | 450,000 | | | | 561,064 | |
Transocean Incorporated | | | 7.50 | | | | 4-15-31 | | | | 220,000 | | | | 270,657 | |
Valero Energy Corporation | | | 4.50 | | | | 2-1-15 | | | | 65,000 | | | | 69,996 | |
Valero Energy Corporation | | | 6.13 | | | | 6-15-17 | | | | 500,000 | | | | 595,148 | |
Valero Energy Corporation | | | 6.13 | | | | 2-1-20 | | | | 65,000 | | | | 77,901 | |
Valero Energy Corporation | | | 6.63 | | | | 6-15-37 | | | | 500,000 | | | | 604,438 | |
Valero Energy Corporation | | | 7.50 | | | | 4-15-32 | | | | 300,000 | | | | 377,465 | |
Valero Energy Corporation | | | 9.38 | | | | 3-15-19 | | | | 450,000 | | | | 602,311 | |
Weatherford International Limited | | | 6.50 | | | | 8-1-36 | | | | 300,000 | | | | 323,856 | |
Williams Companies Incorporated | | | 7.88 | | | | 9-1-21 | | | | 200,000 | | | | 259,724 | |
Williams Companies Incorporated | | | 8.75 | | | | 3-15-32 | | | | 275,000 | | | | 378,857 | |
Williams Partners LP | | | 3.35 | | | | 8-15-22 | | | | 250,000 | | | | 254,172 | |
Williams Partners LP | | | 3.80 | | | | 2-15-15 | | | | 600,000 | | | | 636,781 | |
Williams Partners LP | | | 4.13 | | | | 11-15-20 | | | | 300,000 | | | | 324,953 | |
Williams Partners LP | | | 5.25 | | | | 3-15-20 | | | | 640,000 | | | | 736,676 | |
Williams Partners LP | | | 6.30 | | | | 4-15-40 | | | | 390,000 | | | | 489,037 | |
XTO Energy Incorporated | | | 5.75 | | | | 12-15-13 | | | | 600,000 | | | | 639,835 | |
| | | | |
| | | | | | | | | | | | | | | 68,768,989 | |
| | | | | | | | | | | | | | | | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 33 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Financials: 7.42% | | | | | | | | | | | | | | | | |
| | | | |
| Capital Markets: 1.33% | | | | | | | | | | | | | | | | |
Ameriprise Financial Incorporated | | | 5.30 | % | | | 3-15-20 | | | $ | 300,000 | | | $ | 347,196 | |
Ameriprise Financial Incorporated | | | 5.65 | | | | 11-15-15 | | | | 400,000 | | | | 455,120 | |
Ameriprise Financial Incorporated | | | 7.30 | | | | 6-28-19 | | | | 65,000 | | | | 81,706 | |
Bank of New York Mellon Corporation | | | 1.20 | | | | 2-20-15 | | | | 45,000 | | | | 45,614 | |
Bank of New York Mellon Corporation | | | 1.50 | | | | 1-31-14 | | | | 400,000 | | | | 404,919 | |
Bank of New York Mellon Corporation | | | 1.70 | | | | 11-24-14 | | | | 500,000 | | | | 512,000 | |
Bank of New York Mellon Corporation | | | 2.30 | | | | 7-28-16 | | | | 500,000 | | | | 523,141 | |
Bank of New York Mellon Corporation | | | 2.50 | | | | 1-15-16 | | | | 500,000 | | | | 524,485 | |
Bank of New York Mellon Corporation | | | 3.55 | | | | 9-23-21 | | | | 600,000 | | | | 648,660 | |
Bank of New York Mellon Corporation | | | 4.15 | | | | 2-1-21 | | | | 100,000 | | | | 112,007 | |
Bank of New York Mellon Corporation | | | 4.30 | | | | 5-15-14 | | | | 415,000 | | | | 441,471 | |
Bank of New York Mellon Corporation | | | 5.45 | | | | 5-15-19 | | | | 1,000,000 | | | | 1,189,996 | |
Bear Stearns Companies Incorporated | | | 5.30 | | | | 10-30-15 | | | | 180,000 | | | | 200,947 | |
Bear Stearns Companies Incorporated | | | 5.55 | | | | 1-22-17 | | | | 1,025,000 | | | | 1,160,072 | |
Bear Stearns Companies Incorporated | | | 6.40 | | | | 10-2-17 | | | | 620,000 | | | | 744,550 | |
Bear Stearns Companies Incorporated | | | 7.25 | | | | 2-1-18 | | | | 1,500,000 | | | | 1,871,444 | |
Berkshire Hathaway Finance Corporation | | | 1.50 | | | | 1-10-14 | | | | 100,000 | | | | 101,585 | |
Berkshire Hathaway Finance Corporation | | | 3.20 | | | | 2-11-15 | | | | 500,000 | | | | 531,533 | |
Berkshire Hathaway Finance Corporation | | | 4.25 | | | | 1-15-21 | | | | 500,000 | | | | 570,762 | |
Berkshire Hathaway Finance Corporation | | | 4.85 | | | | 1-15-15 | | | | 500,000 | | | | 550,143 | |
Berkshire Hathaway Finance Corporation | | | 5.40 | | | | 5-15-18 | | | | 350,000 | | | | 422,219 | |
Berkshire Hathaway Finance Corporation | | | 5.75 | | | | 1-15-40 | | | | 250,000 | | | | 318,616 | |
BlackRock Incorporated | | | 3.38 | | | | 6-1-22 | | | | 500,000 | | | | 529,018 | |
BlackRock Incorporated | | | 3.50 | | | | 12-10-14 | | | | 550,000 | | | | 585,918 | |
BlackRock Incorporated | | | 4.25 | | | | 5-24-21 | | | | 500,000 | | | | 563,419 | |
BlackRock Incorporated | | | 5.00 | | | | 12-10-19 | | | | 250,000 | | | | 290,842 | |
BlackRock Incorporated | | | 6.25 | | | | 9-15-17 | | | | 350,000 | | | | 429,170 | |
Charles Schwab Corporation 144A | | | 3.23 | | | | 9-1-22 | | | | 425,000 | | | | 431,245 | |
Charles Schwab Corporation | | | 4.45 | | | | 7-22-20 | | | | 200,000 | | | | 227,373 | |
Credit Suisse USA Incorporated | | | 4.88 | | | | 1-15-15 | | | | 1,000,000 | | | | 1,076,857 | |
Credit Suisse USA Incorporated | | | 5.38 | | | | 3-2-16 | | | | 500,000 | | | | 559,949 | |
Eaton Vance Corporation | | | 6.50 | | | | 10-2-17 | | | | 50,000 | | | | 59,358 | |
Franklin Resources Incorporated | | | 4.63 | | | | 5-20-20 | | | | 250,000 | | | | 287,905 | |
Goldman Sachs Group Incorporated | | | 3.63 | | | | 2-7-16 | | | | 2,000,000 | | | | 2,073,738 | |
Goldman Sachs Group Incorporated | | | 3.70 | | | | 8-1-15 | | | | 500,000 | | | | 523,805 | |
Goldman Sachs Group Incorporated | | | 5.13 | | | | 1-15-15 | | | | 1,500,000 | | | | 1,603,365 | |
Goldman Sachs Group Incorporated | | | 5.15 | | | | 1-15-14 | | | | 1,360,000 | | | | 1,425,192 | |
Goldman Sachs Group Incorporated | | | 5.25 | | | | 7-27-21 | | | | 1,100,000 | | | | 1,170,387 | |
Goldman Sachs Group Incorporated | | | 5.35 | | | | 1-15-16 | | | | 275,000 | | | | 298,302 | |
Goldman Sachs Group Incorporated | | | 5.38 | | | | 3-15-20 | | | | 1,500,000 | | | | 1,617,405 | |
Goldman Sachs Group Incorporated | | | 5.75 | | | | 10-1-16 | | | | 500,000 | | | | 559,350 | |
Goldman Sachs Group Incorporated | | | 5.75 | | | | 1-24-22 | | | | 1,500,000 | | | | 1,656,285 | |
Goldman Sachs Group Incorporated | | | 5.95 | | | | 1-15-27 | | | | 1,070,000 | | | | 1,117,344 | |
Goldman Sachs Group Incorporated | | | 6.00 | | | | 5-1-14 | | | | 1,045,000 | | | | 1,115,632 | |
Goldman Sachs Group Incorporated | | | 6.13 | | | | 2-15-33 | | | | 1,500,000 | | | | 1,638,266 | |
Goldman Sachs Group Incorporated | | | 6.15 | | | | 4-1-18 | | | | 1,750,000 | | | | 1,990,074 | |
Goldman Sachs Group Incorporated | | | 6.25 | | | | 9-1-17 | | | | 1,250,000 | | | | 1,434,776 | |
Goldman Sachs Group Incorporated | | | 6.25 | | | | 2-1-41 | | | | 500,000 | | | | 559,301 | |
Goldman Sachs Group Incorporated | | | 6.35 | | | | 2-15-34 | | | | 950,000 | | | | 945,436 | |
| | | | |
| 34 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Capital Markets (continued) | | | | | | | | | | | | | | | | |
Goldman Sachs Group Incorporated | | | 6.45 | % | | | 5-1-36 | | | $ | 1,000,000 | | | $ | 1,016,235 | |
Goldman Sachs Group Incorporated | | | 6.75 | | | | 10-1-37 | | | | 1,925,000 | | | | 2,006,972 | |
Goldman Sachs Group Incorporated | | | 7.50 | | | | 2-15-19 | | | | 1,300,000 | | | | 1,559,931 | |
Jefferies Group Incorporated | | | 3.88 | | | | 11-9-15 | | | | 500,000 | | | | 502,500 | |
Jefferies Group Incorporated | | | 6.25 | | | | 1-15-36 | | | | 150,000 | | | | 147,813 | |
Jefferies Group Incorporated | | | 6.45 | | | | 6-8-27 | | | | 150,000 | | | | 152,625 | |
Jefferies Group Incorporated | | | 6.88 | | | | 4-15-21 | | | | 150,000 | | | | 159,375 | |
Jefferies Group Incorporated | | | 8.50 | | | | 7-15-19 | | | | 700,000 | | | | 799,750 | |
Lazard Group LLC | | | 6.85 | | | | 6-15-17 | | | | 500,000 | | | | 564,053 | |
Morgan Stanley | | | 2.88 | | | | 1-24-14 | | | | 500,000 | | | | 504,717 | |
Morgan Stanley | | | 2.88 | | | | 7-28-14 | | | | 240,000 | | | | 243,532 | |
Morgan Stanley | | | 4.10 | | | | 1-26-15 | | | | 500,000 | | | | 511,728 | |
Morgan Stanley | | | 4.20 | | | | 11-20-14 | | | | 1,000,000 | | | | 1,025,862 | |
Morgan Stanley « | | | 4.75 | | | | 4-1-14 | | | | 1,500,000 | | | | 1,543,925 | |
Morgan Stanley | | | 5.38 | | | | 10-15-15 | | | | 525,000 | | | | 552,737 | |
Morgan Stanley | | | 5.45 | | | | 1-9-17 | | | | 1,000,000 | | | | 1,051,795 | |
Morgan Stanley | | | 5.50 | | | | 1-26-20 | | | | 1,000,000 | | | | 1,024,743 | |
Morgan Stanley | | | 5.50 | | | | 7-24-20 | | | | 500,000 | | | | 514,355 | |
Morgan Stanley | | | 5.50 | | | | 7-28-21 | | | | 570,000 | | | | 584,756 | |
Morgan Stanley | | | 5.55 | | | | 4-27-17 | | | | 850,000 | | | | 902,194 | |
Morgan Stanley | | | 5.63 | | | | 9-23-19 | | | | 2,000,000 | | | | 2,070,660 | |
Morgan Stanley | | | 5.75 | | | | 10-18-16 | | | | 1,500,000 | | | | 1,596,720 | |
Morgan Stanley | | | 6.00 | | | | 5-13-14 | | | | 800,000 | | | | 845,806 | |
Morgan Stanley | | | 6.00 | | | | 4-28-15 | | | | 1,500,000 | | | | 1,598,037 | |
Morgan Stanley | | | 6.25 | | | | 8-9-26 | | | | 300,000 | | | | 315,607 | |
Morgan Stanley | | | 6.63 | | | | 4-1-18 | | | | 2,500,000 | | | | 2,761,248 | |
Morgan Stanley | | | 7.25 | | | | 4-1-32 | | | | 470,000 | | | | 534,389 | |
Morgan Stanley | | | 7.30 | | | | 5-13-19 | | | | 400,000 | | | | 451,387 | |
Northern Trust Corporation | | | 3.45 | | | | 11-4-20 | | | | 500,000 | | | | 545,158 | |
Northern Trust Corporation | | | 4.63 | | | | 5-1-14 | | | | 540,000 | | | | 576,448 | |
Raymond James Financial Incorporated | | | 4.25 | | | | 4-15-16 | | | | 100,000 | | | | 105,529 | |
Raymond James Financial Incorporated | | | 8.60 | | | | 8-15-19 | | | | 100,000 | | | | 125,683 | |
TD Ameritrade Holding Corporation | | | 5.60 | | | | 12-1-19 | | | | 200,000 | | | | 231,433 | |
| | | | |
| | | | | | | | | | | | | | | 63,655,601 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Commercial Banks: 0.94% | | | | | | | | | | | | | | | | |
Bank One Corporation | | | 7.63 | | | | 10-15-26 | | | | 240,000 | | | | 310,252 | |
Bank One Corporation | | | 8.00 | | | | 4-29-27 | | | | 550,000 | | | | 721,007 | |
Branch Banking & Trust Corporation | | | 2.05 | | | | 4-28-14 | | | | 250,000 | | | | 255,514 | |
Branch Banking & Trust Corporation | | | 2.15 | | | | 3-22-17 | | | | 500,000 | | | | 517,416 | |
Branch Banking & Trust Corporation | | | 3.20 | | | | 3-15-16 | | | | 100,000 | | | | 107,315 | |
Branch Banking & Trust Corporation | | | 3.38 | | | | 9-25-13 | | | | 150,000 | | | | 154,232 | |
Branch Banking & Trust Corporation | | | 3.95 | | | | 4-29-16 | | | | 350,000 | | | | 383,940 | |
Branch Banking & Trust Corporation | | | 3.95 | | | | 3-22-22 | | | | 500,000 | | | | 540,031 | |
Branch Banking & Trust Corporation | | | 5.20 | | | | 12-23-15 | | | | 500,000 | | | | 555,479 | |
Branch Banking & Trust Corporation | | | 5.63 | | | | 9-15-16 | | | | 100,000 | | | | 114,523 | |
Branch Banking & Trust Corporation | | | 6.85 | | | | 4-30-19 | | | | 500,000 | | | | 638,000 | |
Capital One Bank USA NA | | | 8.80 | | | | 7-15-19 | | | | 750,000 | | | | 974,323 | |
Comerica Bank | | | 5.75 | | | | 11-21-16 | | | | 500,000 | | | | 567,870 | |
Comerica Incorporated | | | 3.00 | | | | 9-16-15 | | | | 100,000 | | | | 105,052 | |
Compass Bank | | | 6.40 | | | | 10-1-17 | | | | 250,000 | | | | 256,085 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 35 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Commercial Banks (continued) | | | | | | | | | | | | | | | | |
Discover Bank | | | 8.70 | % | | | 11-18-19 | | | $ | 550,000 | | | $ | 696,362 | |
Fifth Third Bancorp | | | 3.63 | | | | 1-25-16 | | | | 500,000 | | | | 537,986 | |
Fifth Third Bancorp | | | 5.45 | | | | 1-15-17 | | | | 500,000 | | | | 556,531 | |
Fifth Third Bancorp | | | 8.25 | | | | 3-1-38 | | | | 750,000 | | | | 1,048,538 | |
First Horizon National Corporation | | | 5.38 | | | | 12-15-15 | | | | 500,000 | | | | 534,770 | |
General Electric Capital Corporation | | | 4.65 | | | | 10-17-21 | | | | 1,000,000 | | | | 1,142,431 | |
HSBC Bank USA NA | | | 2.38 | | | | 2-13-15 | | | | 500,000 | | | | 512,324 | |
HSBC Bank USA NA | | | 4.63 | | | | 4-1-14 | | | | 700,000 | | | | 732,371 | |
HSBC Bank USA NA | | | 4.88 | | | | 8-24-20 | | | | 800,000 | | | | 849,978 | |
HSBC Bank USA NA | | | 5.00 | | | | 9-27-20 | | | | 500,000 | | | | 528,039 | |
HSBC Bank USA NA | | | 5.63 | | | | 8-15-35 | | | | 225,000 | | | | 244,188 | |
HSBC Bank USA NA | | | 7.00 | | | | 1-15-39 | | | | 500,000 | | | | 642,389 | |
Huntington Bancshares Incorporated | | | 7.00 | | | | 12-15-20 | | | | 25,000 | | | | 29,843 | |
KeyBank NA | | | 4.95 | | | | 9-15-15 | | | | 250,000 | | | | 269,685 | |
KeyBank NA | | | 5.45 | | | | 3-3-16 | | | | 500,000 | | | | 559,100 | |
KeyBank NA | | | 5.80 | | | | 7-1-14 | | | | 350,000 | | | | 375,082 | |
KeyCorp | | | 5.10 | | | | 3-24-21 | | | | 500,000 | | | | 576,502 | |
Manufacturers & Traders Trust Company | | | 6.63 | | | | 12-4-17 | | | | 500,000 | | | | 591,770 | |
National Australia Bank Limited | | | 1.60 | | | | 8-7-15 | | | | 200,000 | | | | 201,590 | |
National Australia Bank Limited | | | 2.75 | | | | 3-9-17 | | | | 1,000,000 | | | | 1,035,632 | |
PNC Bank NA | | | 6.00 | | | | 12-7-17 | | | | 500,000 | | | | 598,327 | |
PNC Bank NA | | | 6.88 | | | | 4-1-18 | | | | 175,000 | | | | 217,421 | |
Sovereign Bank | | | 8.75 | | | | 5-30-18 | | | | 250,000 | | | | 281,829 | |
SunTrust Bank Incorporated | | | 3.60 | | | | 4-15-16 | | | | 250,000 | | | | 264,186 | |
SunTrust Bank Incorporated | | | 5.00 | | | | 9-1-15 | | | | 34,000 | | | | 36,748 | |
SunTrust Bank Incorporated | | | 6.00 | | | | 9-11-17 | | | | 750,000 | | | | 864,077 | |
SunTrust Bank Incorporated | | | 7.25 | | | | 3-15-18 | | | | 500,000 | | | | 592,537 | |
SVB Financial Group | | | 5.38 | | | | 9-15-20 | | | | 160,000 | | | | 176,092 | |
Union Bank NA | | | 2.13 | | | | 12-16-13 | | | | 250,000 | | | | 254,477 | |
Union Bank NA | | | 2.13 | | | | 6-16-17 | | | | 250,000 | | | | 254,472 | |
Union Bank NA | | | 5.95 | | | | 5-11-16 | | | | 450,000 | | | | 510,476 | |
UnionBanCal Corporation | | | 3.50 | | | | 6-18-22 | | | | 200,000 | | | | 211,323 | |
US Bancorp NA | | | 2.45 | | | | 7-27-15 | | | | 500,000 | | | | 525,106 | |
US Bancorp NA | | | 2.95 | | | | 7-15-22 | | | | 75,000 | | | | 75,617 | |
US Bancorp NA | | | 3.44 | | | | 2-1-16 | | | | 500,000 | | | | 527,942 | |
US Bancorp NA | | | 4.13 | | | | 5-24-21 | | | | 1,000,000 | | | | 1,135,509 | |
US Bancorp NA | | | 4.20 | | | | 5-15-14 | | | | 1,000,000 | | | | 1,063,506 | |
US Bank NA ± | | | 3.78 | | | | 4-29-20 | | | | 1,000,000 | | | | 1,058,571 | |
US Bank NA | | | 4.95 | | | | 10-30-14 | | | | 275,000 | | | | 299,412 | |
Wachovia Bank NA (l) | | | 5.85 | | | | 2-1-37 | | | | 1,000,000 | | | | 1,242,218 | |
Wachovia Bank NA (l) | | | 6.60 | | | | 1-15-38 | | | | 600,000 | | | | 817,980 | |
Wachovia Corporation (l) | | | 5.25 | | | | 8-1-14 | | | | 1,000,000 | | | | 1,075,795 | |
Wachovia Corporation (l) | | | 5.50 | | | | 8-1-35 | | | | 700,000 | | | | 804,198 | |
Wachovia Corporation (l) | | | 5.63 | | | | 10-15-16 | | | | 1,200,000 | | | | 1,381,834 | |
Wachovia Corporation (l) | | | 5.75 | | | | 6-15-17 | | | | 1,000,000 | | | | 1,193,428 | |
Wachovia Corporation (l) | | | 5.75 | | | | 2-1-18 | | | | 1,000,000 | | | | 1,200,592 | |
Wells Fargo & Company (l) | | | 1.50 | | | | 7-1-15 | | | | 750,000 | | | | 761,593 | |
Wells Fargo & Company (l) | | | 2.63 | | | | 12-15-16 | | | | 1,000,000 | | | | 1,059,501 | |
Wells Fargo & Company (l) | | | 3.68 | | | | 6-15-16 | | | | 1,000,000 | | | | 1,087,919 | |
Wells Fargo & Company (l) | | | 3.75 | | | | 10-1-14 | | | | 1,500,000 | | | | 1,586,558 | |
| | | | |
| 36 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Commercial Banks (continued) | | | | | | | | | | | | | | | | |
Wells Fargo & Company (l) | | | 4.60 | % | | | 4-1-21 | | | $ | 1,250,000 | | | $ | 1,441,646 | |
Wells Fargo & Company (l) | | | 4.95 | | | | 10-16-13 | | | | 300,000 | | | | 313,509 | |
Wells Fargo & Company (l) | | | 5.63 | | | | 12-11-17 | | | | 1,500,000 | | | | 1,796,628 | |
Wells Fargo Bank NA (l) | | | 5.95 | | | | 8-26-36 | | | | 350,000 | | | | 444,718 | |
Wells Fargo Capital X (l) | | | 5.95 | | | | 12-15-36 | | | | 500,000 | | | | 507,500 | |
Westpac Banking Corporation | | | 3.00 | | | | 12-9-15 | | | | 1,000,000 | | | | 1,058,888 | |
Zions Bancorporation | | | 7.75 | | | | 9-23-14 | | | | 200,000 | | | | 218,481 | |
| | | | |
| | | | | | | | | | | | | | | 44,806,764 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Consumer Finance: 0.97% | | | | | | | | | | | | | | | | |
ABB Finance (USA) Incorporated | | | 1.63 | | | | 5-8-17 | | | | 100,000 | | | | 101,637 | |
ABB Finance (USA) Incorporated | | | 2.88 | | | | 5-8-22 | | | | 1,100,000 | | | | 1,141,657 | |
ABB Finance (USA) Incorporated | | | 4.38 | | | | 5-8-42 | | | | 37,000 | | | | 41,864 | |
Ahold Finance USA LLC | | | 6.88 | | | | 5-1-29 | | | | 300,000 | | | | 384,245 | |
American Express Centurion Bank | | | 6.00 | | | | 9-13-17 | | | | 500,000 | | | | 604,548 | |
American Express Company | | | 5.50 | | | | 9-12-16 | | | | 500,000 | | | | 581,222 | |
American Express Company ± § | | | 6.80 | | | | 9-1-66 | | | | 200,000 | | | | 213,000 | |
American Express Company | | | 7.00 | | | | 3-19-18 | | | | 800,000 | | | | 1,015,214 | |
American Express Company | | | 7.25 | | | | 5-20-14 | | | | 650,000 | | | | 719,479 | |
American Express Company | | | 8.13 | | | | 5-20-19 | | | | 650,000 | | | | 880,962 | |
American Express Company | | | 8.15 | | | | 3-19-38 | | | | 300,000 | | | | 485,451 | |
American Express Credit Corporation | | | 1.75 | | | | 6-12-15 | | | | 78,000 | | | | 79,822 | |
American Express Credit Corporation | | | 2.38 | | | | 3-24-17 | | | | 750,000 | | | | 788,463 | |
American Express Credit Corporation | | | 2.75 | | | | 9-15-15 | | | | 1,000,000 | | | | 1,055,607 | |
American Express Credit Corporation | | | 2.80 | | | | 9-19-16 | | | | 500,000 | | | | 532,384 | |
American Express Credit Corporation | | | 5.13 | | | | 8-25-14 | | | | 500,000 | | | | 542,911 | |
American Express Credit Corporation | | | 5.30 | | | | 12-2-15 | | | | 500,000 | | | | 564,531 | |
Anadarko Finance Company Series B | | | 7.50 | | | | 5-1-31 | | | | 325,000 | | | | 435,915 | |
Barrick Gold Finance Company LLC | | | 4.40 | | | | 5-30-21 | | | | 600,000 | | | | 649,082 | |
Barrick Gold Finance Company LLC | | | 5.70 | | | | 5-30-41 | | | | 300,000 | | | | 345,649 | |
Barrick Gold Finance Company LLC | | | 6.13 | | | | 9-15-13 | | | | 250,000 | | | | 263,581 | |
BellSouth Capital Funding Corporation | | | 7.88 | | | | 2-15-30 | | | | 750,000 | | | | 1,019,710 | |
Bunge Limited Finance Corporation | | | 4.10 | | | | 3-15-16 | | | | 100,000 | | | | 105,807 | |
Bunge Limited Finance Corporation | | | 5.10 | | | | 7-15-15 | | | | 300,000 | | | | 321,096 | |
Bunge Limited Finance Corporation | | | 8.50 | | | | 6-15-19 | | | | 500,000 | | | | 631,547 | |
Capital One Financial Corporation | | | 2.13 | | | | 7-15-14 | | | | 300,000 | | | | 305,205 | |
Capital One Financial Corporation | | | 3.15 | | | | 7-15-16 | | | | 260,000 | | | | 275,991 | |
Capital One Financial Corporation | | | 4.75 | | | | 7-15-21 | | | | 450,000 | | | | 505,150 | |
Capital One Financial Corporation | | | 6.15 | | | | 9-1-16 | | | | 500,000 | | | | 562,297 | |
Capital One Financial Corporation | | | 6.75 | | | | 9-15-17 | | | | 283,000 | | | | 346,004 | |
Capital One Financial Corporation | | | 7.38 | | | | 5-23-14 | | | | 700,000 | | | | 772,863 | |
Caterpillar Financial Services Corporation | | | 1.38 | | | | 5-20-14 | | | | 120,000 | | | | 121,723 | |
Caterpillar Financial Services Corporation | | | 1.65 | | | | 4-1-14 | | | | 100,000 | | | | 101,735 | |
Caterpillar Financial Services Corporation | | | 2.65 | | | | 4-1-16 | | | | 100,000 | | | | 106,050 | |
Caterpillar Financial Services Corporation | | | 5.50 | | | | 3-15-16 | | | | 275,000 | | | | 317,208 | |
Caterpillar Financial Services Corporation | | | 6.13 | | | | 2-17-14 | | | | 750,000 | | | | 810,095 | |
Caterpillar Financial Services Corporation | | | 6.20 | | | | 9-30-13 | | | | 500,000 | | | | 531,047 | |
Caterpillar Financial Services Corporation | | | 7.15 | | | | 2-15-19 | | | | 1,000,000 | | | | 1,317,378 | |
Caterpillar Financial Services Corporation Series F | | | 4.75 | | | | 2-17-15 | | | | 415,000 | | | | 455,251 | |
Daimler Finance North America LLC | | | 6.50 | | | | 11-15-13 | | | | 830,000 | | | | 887,038 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 37 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Consumer Finance (continued) | | | | | | | | | | | | | | | | |
Daimler Finance North America LLC | | | 8.50 | % | | | 1-18-31 | | | $ | 425,000 | | | $ | 667,893 | |
Devon Financing Corporation LLC | | | 7.88 | | | | 9-30-31 | | | | 120,000 | | | | 174,709 | |
Ford Motor Credit Company LLC | | | 3.00 | | | | 6-12-17 | | | | 5,200,000 | | | | 5,219,859 | |
Ford Motor Credit Company LLC | | | 3.88 | | | | 1-15-15 | | | | 5,000,000 | | | | 5,202,710 | |
John Deere Capital Corporation | | | 0.95 | | | | 6-29-15 | | | | 200,000 | | | | 201,541 | |
John Deere Capital Corporation | | | 1.40 | | | | 3-15-17 | | | | 500,000 | | | | 511,217 | |
John Deere Capital Corporation | | | 1.60 | | | | 3-3-14 | | | | 500,000 | | | | 508,104 | |
John Deere Capital Corporation | | | 2.25 | | | | 6-7-16 | | | | 200,000 | | | | 209,312 | |
John Deere Capital Corporation | | | 3.90 | | | | 7-12-21 | | | | 300,000 | | | | 338,154 | |
John Deere Capital Corporation | | | 5.50 | | | | 4-13-17 | | | | 100,000 | | | | 119,233 | |
John Deere Capital Corporation | | | 5.75 | | | | 9-10-18 | | | | 500,000 | | | | 617,727 | |
National City Corporation | | | 4.90 | | | | 1-15-15 | | | | 360,000 | | | | 390,938 | |
National City Corporation | | | 6.88 | | | | 5-15-19 | | | | 500,000 | | | | 618,597 | |
Reed Elsevier Capital Incorporated | | | 8.63 | | | | 1-15-19 | | | | 500,000 | | | | 641,848 | |
SLM Corporation | | | 5.63 | | | | 8-1-33 | | | | 315,000 | | | | 283,500 | |
SLM Corporation | | | 6.25 | | | | 1-25-16 | | | | 1,000,000 | | | | 1,070,000 | |
SLM Corporation | | | 8.00 | | | | 3-25-20 | | | | 400,000 | | | | 453,000 | |
SLM Corporation | | | 8.45 | | | | 6-15-18 | | | | 750,000 | | | | 866,250 | |
SLM Corporation Series A | | | 5.00 | | | | 10-1-13 | | | | 800,000 | | | | 824,000 | |
SLM Corporation Series A | | | 5.00 | | | | 4-15-15 | | | | 500,000 | | | | 521,300 | |
Teva Pharmaceutical Finance LLC | | | 3.65 | | | | 11-10-21 | | | | 500,000 | | | | 540,782 | |
Teva Pharmaceutical Finance LLC | | | 5.55 | | | | 2-1-16 | | | | 200,000 | | | | 228,002 | |
Teva Pharmaceutical Finance LLC | | | 6.15 | | | | 2-1-36 | | | | 400,000 | | | | 536,846 | |
Toyota Motor Credit Corporation | | | 0.88 | | | | 7-17-15 | | | | 500,000 | | | | 503,002 | |
Toyota Motor Credit Corporation | | | 1.00 | | | | 2-17-15 | | | | 150,000 | | | | 151,536 | |
Toyota Motor Credit Corporation | | | 2.00 | | | | 9-15-16 | | | | 500,000 | | | | 521,027 | |
Toyota Motor Credit Corporation | | | 2.05 | | | | 1-12-17 | | | | 750,000 | | | | 781,057 | |
Toyota Motor Credit Corporation | | | 3.20 | | | | 6-17-15 | | | | 1,000,000 | | | | 1,068,916 | |
Toyota Motor Credit Corporation | | | 3.30 | | | | 1-12-22 | | | | 500,000 | | | | 536,047 | |
Toyota Motor Credit Corporation | | | 3.40 | | | | 9-15-21 | | | | 350,000 | | | | 381,125 | |
Toyota Motor Credit Corporation | | | 4.50 | | | | 6-17-20 | | | | 500,000 | | | | 579,756 | |
| | | | |
| | | | | | | | | | | | | | | 46,188,407 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Diversified Financial Services: 2.61% | | | | | | | | | | | | | | | | |
AmeriTech Funding Corporation | | | 6.45 | | | | 1-15-18 | | | | 300,000 | | | | 346,480 | |
Aristotle Holding Incorporated 144A | | | 2.75 | | | | 11-21-14 | | | | 500,000 | | | | 518,191 | |
Aristotle Holding Incorporated 144A | | | 3.50 | | | | 11-15-16 | | | | 500,000 | | | | 536,612 | |
Aristotle Holding Incorporated 144A | | | 4.75 | | | | 11-15-21 | | | | 750,000 | | | | 865,603 | |
Aristotle Holding Incorporated 144A | | | 6.13 | | | | 11-15-41 | | | | 250,000 | | | | 326,143 | |
Bank of America Corporation | | | 3.70 | | | | 9-1-15 | | | | 500,000 | | | | 522,106 | |
Bank of America Corporation | | | 3.75 | | | | 7-12-16 | | | | 2,000,000 | | | | 2,096,200 | |
Bank of America Corporation | | | 4.50 | | | | 4-1-15 | | | | 1,000,000 | | | | 1,063,773 | |
Bank of America Corporation | | | 4.75 | | | | 8-1-15 | | | | 1,750,000 | | | | 1,873,160 | |
Bank of America Corporation | | | 5.25 | | | | 12-1-15 | | | | 500,000 | | | | 528,203 | |
Bank of America Corporation | | | 5.38 | | | | 6-15-14 | | | | 700,000 | | | | 741,631 | |
Bank of America Corporation | | | 5.49 | | | | 3-15-19 | | | | 250,000 | | | | 264,973 | |
Bank of America Corporation | | | 5.63 | | | | 10-14-16 | | | | 100,000 | | | | 111,156 | |
Bank of America Corporation | | | 5.65 | | | | 5-1-18 | | | | 1,000,000 | | | | 1,117,340 | |
Bank of America Corporation | | | 5.70 | | | | 1-24-22 | | | | 1,500,000 | | | | 1,697,423 | |
Bank of America Corporation | | | 5.75 | | | | 12-1-17 | | | | 1,500,000 | | | | 1,677,375 | |
| | | | |
| 38 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Diversified Financial Services (continued) | | | | | | | | | | | | | | | | |
Bank of America Corporation | | | 5.88 | % | | | 1-5-21 | | | $ | 500,000 | | | $ | 562,328 | |
Bank of America Corporation | | | 5.88 | | | | 2-7-42 | | | | 500,000 | | | | 568,190 | |
Bank of America Corporation | | | 6.00 | | | | 9-1-17 | | | | 1,000,000 | | | | 1,127,455 | |
Bank of America Corporation | | | 6.00 | | | | 10-15-36 | | | | 800,000 | | | | 903,289 | |
Bank of America Corporation | | | 6.50 | | | | 8-1-16 | | | | 1,850,000 | | | | 2,109,942 | |
Bank of America Corporation | | | 7.38 | | | | 5-15-14 | | | | 1,500,000 | | | | 1,636,866 | |
Bank of America Corporation | | | 7.63 | | | | 6-1-19 | | | | 2,500,000 | | | | 3,054,583 | |
BHP Billiton Finance USA Limited | | | 1.13 | | | | 11-21-14 | | | | 150,000 | | | | 151,731 | |
BHP Billiton Finance USA Limited | | | 3.25 | | | | 11-21-21 | | | | 500,000 | | | | 529,268 | |
BHP Billiton Finance USA Limited | | | 4.13 | | | | 2-24-42 | | | | 650,000 | | | | 680,622 | |
BHP Billiton Finance USA Limited | | | 5.25 | | | | 12-15-15 | | | | 150,000 | | | | 170,889 | |
Citigroup Incorporated | | | 2.65 | | | | 3-2-15 | | | | 1,000,000 | | | | 1,019,788 | |
Citigroup Incorporated | | | 3.95 | | | | 6-15-16 | | | | 1,000,000 | | | | 1,054,848 | |
Citigroup Incorporated | | | 4.50 | | | | 1-14-22 | | | | 1,000,000 | | | | 1,057,626 | |
Citigroup Incorporated | | | 4.59 | | | | 12-15-15 | | | | 500,000 | | | | 537,942 | |
Citigroup Incorporated | | | 4.75 | | | | 5-19-15 | | | | 1,500,000 | | | | 1,610,301 | |
Citigroup Incorporated | | | 5.00 | | | | 9-15-14 | | | | 900,000 | | | | 941,462 | |
Citigroup Incorporated | | | 5.38 | | | | 8-9-20 | | | | 500,000 | | | | 559,498 | |
Citigroup Incorporated | | | 5.50 | | | | 10-15-14 | | | | 1,000,000 | | | | 1,073,861 | |
Citigroup Incorporated | | | 5.50 | | | | 2-15-17 | | | | 1,000,000 | | | | 1,075,922 | |
Citigroup Incorporated | | | 5.88 | | | | 5-29-37 | | | | 500,000 | | | | 579,204 | |
Citigroup Incorporated | | | 6.00 | | | | 12-13-13 | | | | 1,000,000 | | | | 1,056,636 | |
Citigroup Incorporated | | | 6.00 | | | | 8-15-17 | | | | 100,000 | | | | 114,209 | |
Citigroup Incorporated | | | 6.00 | | | | 10-31-33 | | | | 1,225,000 | | | | 1,276,495 | |
Citigroup Incorporated | | | 6.13 | | | | 11-21-17 | | | | 1,000,000 | | | | 1,154,651 | |
Citigroup Incorporated | | | 6.13 | | | | 5-15-18 | | | | 3,000,000 | | | | 3,479,700 | |
Citigroup Incorporated | | | 6.13 | | | | 8-25-36 | | | | 500,000 | | | | 531,922 | |
Citigroup Incorporated | | | 6.38 | | | | 8-12-14 | | | | 1,500,000 | | | | 1,627,163 | |
Citigroup Incorporated | | | 6.88 | | | | 3-5-38 | | | | 1,300,000 | | | | 1,672,384 | |
Citigroup Incorporated | | | 8.13 | | | | 7-15-39 | | | | 855,000 | | | | 1,254,828 | |
Citigroup Incorporated | | | 8.50 | | | | 5-22-19 | | | | 900,000 | | | | 1,151,922 | |
CME Group Incorporated | | | 5.75 | | | | 2-15-14 | | | | 500,000 | | | | 535,868 | |
Deutsche Bank Financial LLC | | | 5.38 | | | | 3-2-15 | | | | 300,000 | | | | 316,794 | |
Discover Financial Services 144A | | | 5.20 | | | | 4-27-22 | | | | 600,000 | | | | 638,177 | |
Equifax Incorporated | | | 4.45 | | | | 12-1-14 | | | | 100,000 | | | | 106,056 | |
General Electric Capital Corporation | | | 1.88 | | | | 9-16-13 | | | | 200,000 | | | | 202,801 | |
General Electric Capital Corporation | | | 2.10 | | | | 1-7-14 | | | | 1,000,000 | | | | 1,019,821 | |
General Electric Capital Corporation | | | 2.30 | | | | 4-27-17 | | | | 2,000,000 | | | | 2,064,822 | |
General Electric Capital Corporation | | | 3.35 | | | | 10-17-16 | | | | 2,000,000 | | | | 2,150,954 | |
General Electric Capital Corporation | | | 3.50 | | | | 6-29-15 | | | | 500,000 | | | | 532,865 | |
General Electric Capital Corporation | | | 3.75 | | | | 11-14-14 | | | | 500,000 | | | | 530,387 | |
General Electric Capital Corporation | | | 4.38 | | | | 9-16-20 | | | | 2,000,000 | | | | 2,221,558 | |
General Electric Capital Corporation | | | 4.88 | | | | 3-4-15 | | | | 500,000 | | | | 547,186 | |
General Electric Capital Corporation | | | 5.00 | | | | 1-8-16 | | | | 1,000,000 | | | | 1,115,870 | |
General Electric Capital Corporation | | | 5.30 | | | | 2-11-21 | | | | 845,000 | | | | 972,968 | |
General Electric Capital Corporation | | | 5.50 | | | | 1-8-20 | | | | 1,000,000 | | | | 1,184,292 | |
General Electric Capital Corporation | | | 5.63 | | | | 9-15-17 | | | | 1,500,000 | | | | 1,772,648 | |
General Electric Capital Corporation | | | 5.63 | | | | 5-1-18 | | | | 1,000,000 | | | | 1,184,415 | |
General Electric Capital Corporation | | | 5.88 | | | | 1-14-38 | | | | 2,500,000 | | | | 3,039,865 | |
General Electric Capital Corporation | | | 5.90 | | | | 5-13-14 | | | | 1,625,000 | | | | 1,767,582 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 39 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Diversified Financial Services (continued) | | | | | | | | | | | | | | | | |
General Electric Capital Corporation | | | 6.00 | % | | | 8-7-19 | | | $ | 850,000 | | | $ | 1,032,337 | |
General Electric Capital Corporation | | | 6.15 | | | | 8-7-37 | | | | 650,000 | | | | 816,392 | |
General Electric Capital Corporation ± § | | | 6.38 | | | | 11-15-67 | | | | 1,000,000 | | | | 1,053,750 | |
General Electric Capital Corporation | | | 6.88 | | | | 1-10-39 | | | | 1,500,000 | | | | 2,053,356 | |
General Electric Capital Corporation Series A | | | 6.75 | | | | 3-15-32 | | | | 1,850,000 | | | | 2,405,272 | |
HSBC Finance Capital Trust IX ± | | | 5.91 | | | | 11-30-35 | | | | 200,000 | | | | 194,500 | |
HSBC Finance Corporation | | | 5.00 | | | | 6-30-15 | | | | 1,825,000 | | | | 1,961,019 | |
HSBC Finance Corporation | | | 6.68 | | | | 1-15-21 | | | | 1,179,000 | | | | 1,338,151 | |
JPMorgan Chase & Company | | | 1.65 | | | | 9-30-13 | | | | 500,000 | | | | 505,076 | |
JPMorgan Chase & Company | | | 2.05 | | | | 1-24-14 | | | | 1,000,000 | | | | 1,017,464 | |
JPMorgan Chase & Company | | | 2.60 | | | | 1-15-16 | | | | 1,500,000 | | | | 1,557,182 | |
JPMorgan Chase & Company | | | 3.40 | | | | 6-24-15 | | | | 500,000 | | | | 529,014 | |
JPMorgan Chase & Company | | | 3.45 | | | | 3-1-16 | | | | 500,000 | | | | 532,416 | |
JPMorgan Chase & Company | | | 3.70 | | | | 1-20-15 | | | | 1,500,000 | | | | 1,591,313 | |
JPMorgan Chase & Company | | | 4.35 | | | | 8-15-21 | | | | 2,000,000 | | | | 2,193,408 | |
JPMorgan Chase & Company | | | 4.40 | | | | 7-22-20 | | | | 1,500,000 | | | | 1,663,760 | |
JPMorgan Chase & Company | | | 4.63 | | | | 5-10-21 | | | | 1,500,000 | | | | 1,678,512 | |
JPMorgan Chase & Company | | | 4.65 | | | | 6-1-14 | | | | 1,650,000 | | | | 1,755,206 | |
JPMorgan Chase & Company | | | 5.25 | | | | 5-1-15 | | | | 1,100,000 | | | | 1,200,156 | |
JPMorgan Chase & Company | | | 5.60 | | | | 7-15-41 | | | | 1,100,000 | | | | 1,350,593 | |
JPMorgan Chase & Company | | | 6.00 | | | | 1-15-18 | | | | 1,000,000 | | | | 1,194,793 | |
JPMorgan Chase & Company | | | 6.30 | | | | 4-23-19 | | | | 1,500,000 | | | | 1,831,572 | |
JPMorgan Chase & Company | | | 6.40 | | | | 5-15-38 | | | | 1,350,000 | | | | 1,791,773 | |
JPMorgan Chase Bank National | | | 6.00 | | | | 10-1-17 | | | | 1,250,000 | | | | 1,471,861 | |
Mellon Funding Corporation | | | 5.00 | | | | 12-1-14 | | | | 200,000 | | | | 214,288 | |
Mellon Funding Corporation | | | 5.20 | | | | 5-15-14 | | | | 100,000 | | | | 107,910 | |
Mellon Funding Corporation | | | 5.50 | | | | 11-15-18 | | | | 200,000 | | | | 236,946 | |
Merrill Lynch & Company Incorporated | | | 5.45 | | | | 7-15-14 | | | | 450,000 | | | | 481,503 | |
Merrill Lynch & Company Incorporated | | | 5.70 | | | | 5-2-17 | | | | 700,000 | | | | 749,960 | |
Merrill Lynch & Company Incorporated | | | 6.05 | | | | 5-16-16 | | | | 1,500,000 | | | | 1,616,660 | |
Merrill Lynch & Company Incorporated | | | 6.11 | | | | 1-29-37 | | | | 600,000 | | | | 603,295 | |
Merrill Lynch & Company Incorporated | | | 6.40 | | | | 8-28-17 | | | | 500,000 | | | | 568,150 | |
Merrill Lynch & Company Incorporated | | | 6.88 | | | | 4-25-18 | | | | 1,690,000 | | | | 1,971,559 | |
Merrill Lynch & Company Incorporated | | | 7.75 | | | | 5-14-38 | | | | 750,000 | | | | 908,759 | |
Moody’s Corporation | | | 4.50 | | | | 9-1-22 | | | | 250,000 | | | | 260,144 | |
Murray Street Investment Trust I | | | 4.65 | | | | 3-9-17 | | | | 1,000,000 | | | | 1,043,925 | |
NASDAQ OMX Group Incorporated | | | 4.00 | | | | 1-15-15 | | | | 200,000 | | | | 209,199 | |
NASDAQ OMX Group Incorporated | | | 5.25 | | | | 1-16-18 | | | | 60,000 | | | | 64,685 | |
NASDAQ OMX Group Incorporated | | | 5.55 | | | | 1-15-20 | | | | 500,000 | | | | 535,684 | |
National Rural Utilities Cooperative Finance Corporation | | | 1.00 | | | | 2-2-15 | | | | 675,000 | | | | 683,092 | |
National Rural Utilities Cooperative Finance Corporation | | | 3.05 | | | | 3-1-16 | | | | 100,000 | | | | 106,464 | |
National Rural Utilities Cooperative Finance Corporation | | | 5.45 | | | | 4-10-17 | | | | 250,000 | | | | 297,563 | |
National Rural Utilities Cooperative Finance Corporation | | | 10.38 | | | | 11-1-18 | | | | 700,000 | | | | 1,028,442 | |
National Rural Utilities Cooperative Finance Corporation Series C | | | 8.00 | | | | 3-1-32 | | | | 150,000 | | | | 230,506 | |
NCUA Guaranteed Notes | | | 3.45 | | | | 6-12-21 | | | | 200,000 | | | | 225,540 | |
Orix Corporation | | | 5.00 | | | | 1-12-16 | | | | 500,000 | | | | 535,205 | |
PACCAR Financial Corporation | | | 0.75 | | | | 8-14-15 | | | | 300,000 | | | | 300,497 | |
PC Financial Partnership | | | 5.00 | | | | 11-15-14 | | | | 250,000 | | | | 271,007 | |
PNC Funding Corporation | | | 2.70 | | | | 9-19-16 | | | | 1,000,000 | | | | 1,066,009 | |
PNC Funding Corporation | | | 3.63 | | | | 2-8-15 | | | | 1,100,000 | | | | 1,171,300 | |
| | | | |
| 40 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Diversified Financial Services (continued) | | | | | | | | | | | | | | | | |
PNC Funding Corporation | | | 5.13 | % | | | 2-8-20 | | | $ | 150,000 | | | $ | 177,602 | |
PNC Funding Corporation | | | 5.63 | | | | 2-1-17 | | | | 350,000 | | | | 401,888 | |
PNC Funding Corporation | | | 6.70 | | | | 6-10-19 | | | | 500,000 | | | | 631,533 | |
PPL Capital Funding Incorporated | | | 4.20 | | | | 6-15-22 | | | | 200,000 | | | | 211,445 | |
Private Export Funding Corporation | | | 1.38 | | | | 2-15-17 | | | | 125,000 | | | | 128,123 | |
Private Export Funding Corporation | | | 2.45 | | | | 7-15-24 | | | | 300,000 | | | | 302,171 | |
Private Export Funding Corporation | | | 4.30 | | | | 12-15-21 | | | | 100,000 | | | | 120,324 | |
Private Export Funding Corporation | | | 4.95 | | | | 11-15-15 | | | | 250,000 | | | | 284,838 | |
Rio Tinto Finance USA Limited | | | 2.25 | | | | 9-20-16 | | | | 200,000 | | | | 208,553 | |
Rio Tinto Finance USA Limited | | | 3.75 | | | | 9-20-21 | | | | 500,000 | | | | 536,333 | |
Santander Holdings USA | | | 4.63 | | | | 4-19-16 | | | | 500,000 | | | | 503,200 | |
Teco Finance Incorporated | | | 4.00 | | | | 3-15-16 | | | | 130,000 | | | | 140,964 | |
Teco Finance Incorporated | | | 5.15 | | | | 3-15-20 | | | | 65,000 | | | | 75,764 | |
Teco Finance Incorporated | | | 6.57 | | | | 11-1-17 | | | | 250,000 | | | | 301,162 | |
UBS AG Stamford Connecticut | | | 5.88 | | | | 7-15-16 | | | | 430,000 | | | | 466,813 | |
Unilever Capital Corporation | | | 2.75 | | | | 2-10-16 | | | | 300,000 | | | | 319,202 | |
Unilever Capital Corporation | | | 3.65 | | | | 2-15-14 | | | | 750,000 | | | | 784,803 | |
Unilever Capital Corporation | | | 4.25 | | | | 2-10-21 | | | | 300,000 | | | | 352,287 | |
Unilever Capital Corporation | | | 5.90 | | | | 11-15-32 | | | | 200,000 | | | | 286,742 | |
| | | | |
| | | | | | | | | | | | | | | 124,957,738 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Insurance: 1.03% | | | | | | | | | | | | | | | | |
ACE INA Holdings Incorporated | | | 2.60 | | | | 11-23-15 | | | | 500,000 | | | | 524,214 | |
ACE INA Holdings Incorporated | | | 5.60 | | | | 5-15-15 | | | | 350,000 | | | | 391,723 | |
ACE INA Holdings Incorporated | | | 5.88 | | | | 6-15-14 | | | | 75,000 | | | | 81,683 | |
ACE INA Holdings Incorporated | | | 5.90 | | | | 6-15-19 | | | | 500,000 | | | | 621,064 | |
Aegon Funding Corporation | | | 5.75 | | | | 12-15-20 | | | | 75,000 | | | | 86,313 | |
AFLAC Incorporated | | | 3.45 | | | | 8-15-15 | | | | 150,000 | | | | 160,477 | |
AFLAC Incorporated | | | 6.90 | | | | 12-17-39 | | | | 250,000 | | | | 323,596 | |
AFLAC Incorporated | | | 8.50 | | | | 5-15-19 | | | | 150,000 | | | | 201,475 | |
Alleghany Corporation | | | 5.63 | | | | 9-15-20 | | | | 100,000 | | | | 110,460 | |
Allied World Assurance | | | 5.50 | | | | 11-15-20 | | | | 300,000 | | | | 326,928 | |
Allstate Corporation | | | 5.00 | | | | 8-15-14 | | | | 300,000 | | | | 325,150 | |
Allstate Corporation | | | 5.20 | | | | 1-15-42 | | | | 500,000 | | | | 605,444 | |
Allstate Corporation | | | 5.55 | | | | 5-9-35 | | | | 830,000 | | | | 1,026,807 | |
Allstate Corporation ± § | | | 6.13 | | | | 5-15-67 | | | | 300,000 | | | | 307,875 | |
Allstate Corporation | | | 6.20 | | | | 5-16-14 | | | | 150,000 | | | | 163,849 | |
Allstate Corporation ± § | | | 6.50 | | | | 5-15-67 | | | | 200,000 | | | | 209,750 | |
Allstate Corporation | | | 7.45 | | | | 5-16-19 | | | | 650,000 | | | | 850,772 | |
American International Group Incorporated | | | 3.00 | | | | 3-20-15 | | | | 500,000 | | | | 514,283 | |
American International Group Incorporated | | | 3.80 | | | | 3-22-17 | | | | 1,000,000 | | | | 1,058,466 | |
American International Group Incorporated | | | 4.25 | | | | 9-15-14 | | | | 500,000 | | | | 525,702 | |
American International Group Incorporated | | | 4.88 | | | | 9-15-16 | | | | 500,000 | | | | 548,153 | |
American International Group Incorporated | | | 5.05 | | | | 10-1-15 | | | | 250,000 | | | | 271,630 | |
American International Group Incorporated | | | 5.45 | | | | 5-18-17 | | | | 700,000 | | | | 786,610 | |
American International Group Incorporated | | | 5.85 | | | | 1-16-18 | | | | 850,000 | | | | 974,411 | |
American International Group Incorporated | | | 6.25 | | | | 5-1-36 | | | | 250,000 | | | | 313,864 | |
American International Group Incorporated | | | 6.40 | | | | 12-15-20 | | | | 1,000,000 | | | | 1,189,077 | |
American International Group Incorporated 144A | | | 6.82 | | | | 11-15-37 | | | | 246,000 | | | | 313,476 | |
American International Group Incorporated ± § | | | 8.18 | | | | 5-15-68 | | | | 1,300,000 | | | | 1,551,875 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 41 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Insurance (continued) | | | | | | | | | | | | | | | | |
American International Group Incorporated | | | 8.25 | % | | | 8-15-18 | | | $ | 750,000 | | | $ | 946,349 | |
AON Corporation | | | 3.13 | | | | 5-27-16 | | | | 350,000 | | | | 369,703 | |
AON Corporation | | | 3.50 | | | | 9-30-15 | | | | 100,000 | | | | 105,439 | |
AON Corporation | | | 5.00 | | | | 9-30-20 | | | | 550,000 | | | | 630,702 | |
AON Corporation | | | 6.25 | | | | 9-30-40 | | | | 100,000 | | | | 131,486 | |
AON Corporation | | | 8.21 | | | | 1-1-27 | | | | 75,000 | | | | 90,975 | |
Assurant Incorporated | | | 6.75 | | | | 2-15-34 | | | | 375,000 | | | | 429,144 | |
AXIS Specialty Finance LLC | | | 5.88 | | | | 6-1-20 | | | | 200,000 | | | | 221,876 | |
Berkshire Hathaway Incorporated | | | 1.90 | | | | 1-31-17 | | | | 1,275,000 | | | | 1,324,103 | |
Berkshire Hathaway Incorporated | | | 3.40 | | | | 1-31-22 | | | | 250,000 | | | | 268,242 | |
CHUBB Corporation | | | 5.75 | | | | 5-15-18 | | | | 250,000 | | | | 309,244 | |
CHUBB Corporation | | | 6.00 | | | | 5-11-37 | | | | 280,000 | | | | 386,088 | |
CHUBB Corporation ± § | | | 6.38 | | | | 3-29-67 | | | | 350,000 | | | | 370,563 | |
CHUBB Corporation | | | 6.50 | | | | 5-15-38 | | | | 350,000 | | | | 511,875 | |
Cincinnati Financial Corporation | | | 6.92 | | | | 5-15-28 | | | | 75,000 | | | | 91,390 | |
CNA Financial Corporation | | | 5.85 | | | | 12-15-14 | | | | 365,000 | | | | 390,789 | |
CNA Financial Corporation | | | 5.88 | | | | 8-15-20 | | | | 500,000 | | | | 576,721 | |
CNA Financial Corporation | | | 6.50 | | | | 8-15-16 | | | | 50,000 | | | | 57,537 | |
CNA Financial Corporation | | | 7.35 | | | | 11-15-19 | | | | 295,000 | | | | 358,205 | |
Endurance Specialty Holdings Limited | | | 7.00 | | | | 7-15-34 | | | | 200,000 | | | | 219,347 | |
Fidelity National Financial Incorporated | | | 5.50 | | | | 9-1-22 | | | | 100,000 | | | | 103,232 | |
GE Global Insurance Holdings | | | 7.00 | | | | 2-15-26 | | | | 430,000 | | | | 515,627 | |
Genworth Financial Incorporated | | | 4.95 | | | | 10-1-15 | | | | 100,000 | | | | 99,882 | |
Genworth Financial Incorporated | | | 6.52 | | | | 5-22-18 | | | | 500,000 | | | | 505,455 | |
Genworth Financial Incorporated | | | 7.20 | | | | 2-15-21 | | | | 500,000 | | | | 502,500 | |
Genworth Financial Incorporated | | | 8.63 | | | | 12-15-16 | | | | 500,000 | | | | 553,167 | |
Hartford Financial Services Group Incorporated | | | 5.50 | | | | 10-15-16 | | | | 250,000 | | | | 273,141 | |
Hartford Financial Services Group Incorporated | | | 5.50 | | | | 3-30-20 | | | | 250,000 | | | | 273,023 | |
Hartford Financial Services Group Incorporated | | | 5.95 | | | | 10-15-36 | | | | 75,000 | | | | 77,576 | |
Hartford Financial Services Group Incorporated | | | 6.00 | | | | 1-15-19 | | | | 750,000 | | | | 835,083 | |
Hartford Financial Services Group Incorporated | | | 6.63 | | | | 3-30-40 | | | | 500,000 | | | | 561,165 | |
Jefferson-Pilot Corporation | | | 4.75 | | | | 1-30-14 | | | | 250,000 | | | | 261,112 | |
Lincoln National Corporation | | | 4.85 | | | | 6-24-21 | | | | 80,000 | | | | 87,462 | |
Lincoln National Corporation | | | 6.15 | | | | 4-7-36 | | | | 500,000 | | | | 556,377 | |
Lincoln National Corporation | | | 6.25 | | | | 2-15-20 | | | | 300,000 | | | | 348,238 | |
Lincoln National Corporation ± § | | | 7.00 | | | | 5-17-66 | | | | 350,000 | | | | 350,000 | |
Lincoln National Corporation | | | 8.75 | | | | 7-1-19 | | | | 120,000 | | | | 155,354 | |
Loews Corporation | | | 5.25 | | | | 3-15-16 | | | | 200,000 | | | | 225,414 | |
Markel Corporation | | | 5.35 | | | | 6-1-21 | | | | 100,000 | | | | 108,308 | |
Markel Corporation | | | 7.13 | | | | 9-30-19 | | | | 100,000 | | | | 117,367 | |
Marsh & McLennan Companies Incorporated | | | 4.80 | | | | 7-15-21 | | | | 300,000 | | | | 336,996 | |
Marsh & McLennan Companies Incorporated | | | 5.75 | | | | 9-15-15 | | | | 500,000 | | | | 556,436 | |
Marsh & McLennan Companies Incorporated | | | 9.25 | | | | 4-15-19 | | | | 300,000 | | | | 401,955 | |
MetLife Incorporated | | | 2.38 | | | | 2-6-14 | | | | 500,000 | | | | 511,584 | |
MetLife Incorporated | | | 4.75 | | | | 2-8-21 | | | | 750,000 | | | | 867,993 | |
MetLife Incorporated | | | 5.00 | | | | 11-24-13 | | | | 250,000 | | | | 263,225 | |
MetLife Incorporated | | | 5.70 | | | | 6-15-35 | | | | 250,000 | | | | 312,430 | |
MetLife Incorporated | | | 5.88 | | | | 2-6-41 | | | | 700,000 | | | | 899,543 | |
MetLife Incorporated | | | 6.38 | | | | 6-15-34 | | | | 280,000 | | | | 370,850 | |
MetLife Incorporated | | | 6.40 | | | | 12-15-36 | | | | 800,000 | | | | 851,899 | |
| | | | |
| 42 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Insurance (continued) | | | | | | | | | | | | | | | | |
MetLife Incorporated | | | 6.50 | % | | | 12-15-32 | | | $ | 200,000 | | | $ | 265,443 | |
MetLife Incorporated | | | 6.75 | | | | 6-1-16 | | | | 500,000 | | | | 597,976 | |
MetLife Incorporated Series A | | | 6.82 | | | | 8-15-18 | | | | 750,000 | | | | 937,928 | |
PartnerRe Finance B LLC | | | 5.50 | | | | 6-1-20 | | | | 250,000 | | | | 279,252 | |
Principal Financial Group Incorporated | | | 7.88 | | | | 5-15-14 | | | | 600,000 | | | | 669,788 | |
Progressive Corporation | | | 3.75 | | | | 8-23-21 | | | | 1,000,000 | | | | 1,099,565 | |
Progressive Corporation | | | 6.25 | | | | 12-1-32 | | | | 75,000 | | | | 98,801 | |
Progressive Corporation ± § | | | 6.70 | | | | 6-15-67 | | | | 500,000 | | | | 537,500 | |
Protective Life Corporation | | | 7.38 | | | | 10-15-19 | | | | 500,000 | | | | 596,556 | |
Prudential Financial Incorporated | | | 3.00 | | | | 5-12-16 | | | | 1,000,000 | | | | 1,051,594 | |
Prudential Financial Incorporated | | | 3.88 | | | | 1-14-15 | | | | 100,000 | | | | 106,042 | |
Prudential Financial Incorporated | | | 4.75 | | | | 9-17-15 | | | | 1,000,000 | | | | 1,098,024 | |
Prudential Financial Incorporated | | | 5.38 | | | | 6-21-20 | | | | 500,000 | | | | 578,067 | |
Prudential Financial Incorporated | | | 5.70 | | | | 12-14-36 | | | | 538,000 | | | | 597,358 | |
Prudential Financial Incorporated | | | 6.20 | | | | 1-15-15 | | | | 30,000 | | | | 33,123 | |
Prudential Financial Incorporated | | | 6.20 | | | | 11-15-40 | | | | 250,000 | | | | 294,812 | |
Prudential Financial Incorporated | | | 6.63 | | | | 12-1-37 | | | | 65,000 | | | | 80,303 | |
Prudential Financial Incorporated | | | 7.38 | | | | 6-15-19 | | | | 55,000 | | | | 69,254 | |
Prudential Financial Incorporated ± § | | | 8.88 | | | | 6-15-68 | | | | 200,000 | | | | 244,000 | |
Prudential Financial Incorporated Series B | | | 5.75 | | | | 7-15-33 | | | | 500,000 | | | | 544,373 | |
Prudential Financial Incorporated Series C | | | 5.40 | | | | 6-13-35 | | | | 180,000 | | | | 190,822 | |
Reinsurance Group of America Incorporated | | | 5.00 | | | | 6-1-21 | | | | 60,000 | | | | 63,914 | |
Reinsurance Group of America Incorporated | | | 6.45 | | | | 11-15-19 | | | | 350,000 | | | | 400,685 | |
St. Paul Travelers Companies Incorporated | | | 5.50 | | | | 12-1-15 | | | | 180,000 | | | | 204,227 | |
Stancorp Financial Group Incorporated | | | 5.00 | | | | 8-15-22 | | | | 100,000 | | | | 102,733 | |
The Travelers Companies Incorporated | | | 5.75 | | | | 12-15-17 | | | | 150,000 | | | | 183,723 | |
The Travelers Companies Incorporated | | | 5.90 | | | | 6-2-19 | | | | 500,000 | | | | 624,029 | |
The Travelers Companies Incorporated | | | 6.25 | | | | 6-15-37 | | | | 365,000 | | | | 500,725 | |
Transatlantic Holdings Incorporated | | | 5.75 | | | | 12-14-15 | | | | 475,000 | | | | 529,166 | |
Transatlantic Holdings Incorporated | | | 8.00 | | | | 11-30-39 | | | | 100,000 | | | | 123,574 | |
Travelers Property Casualty Corporation | | | 6.38 | | | | 3-15-33 | | | | 600,000 | | | | 807,811 | |
Unitrin Incorporated | | | 6.00 | | | | 5-15-17 | | | | 100,000 | | | | 106,565 | |
Unum Group | | | 7.13 | | | | 9-30-16 | | | | 115,000 | | | | 133,926 | |
Willis North America Incorporated | | | 5.63 | | | | 7-15-15 | | | | 75,000 | | | | 81,374 | |
Willis North America Incorporated | | | 7.00 | | | | 9-29-19 | | | | 500,000 | | | | 597,869 | |
WR Berkley Corporation | | | 5.38 | | | | 9-15-20 | | | | 200,000 | | | | 220,114 | |
WR Berkley Corporation | | | 6.25 | | | | 2-15-37 | | | | 100,000 | | | | 115,100 | |
XL Capital Limited | | | 6.25 | | | | 5-15-27 | | | | 100,000 | | | | 112,300 | |
XL Capital Limited | | | 6.38 | | | | 11-15-24 | | | | 100,000 | | | | 118,965 | |
| | | | |
| | | | | | | | | | | | | | | 49,034,680 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Real Estate Management & Development: 0.02% | | | | | | | | | | | | | | | | |
AMB Property LP | | | 6.63 | | | | 12-1-19 | | | | 500,000 | | | | 600,751 | |
Regency Centers LP | | | 4.80 | | | | 4-15-21 | | | | 200,000 | | | | 216,806 | |
Regency Centers LP | | | 5.88 | | | | 6-15-17 | | | | 100,000 | | | | 114,937 | |
| | | | |
| | | | | | | | | | | | | | | 932,494 | |
| | | | | | | | | | | | | | | | |
| | | | |
| REITs: 0.52% | | | | | | | | | | | | | | | | |
American Tower Corporation | | | 4.50 | | | | 1-15-18 | | | | 500,000 | | | | 547,139 | |
American Tower Corporation | | | 4.63 | | | | 4-1-15 | | | | 100,000 | | | | 106,559 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 43 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| REITs (continued) | | | | | | | | | | | | | | | | |
American Tower Corporation | | | 5.05 | % | | | 9-1-20 | | | $ | 500,000 | | | $ | 546,917 | |
American Tower Corporation | | | 5.90 | | | | 11-1-21 | | | | 65,000 | | | | 75,722 | |
American Tower Corporation | | | 7.00 | | | | 10-15-17 | | | | 350,000 | | | | 416,145 | |
AvalonBay Communities Incorporated | | | 5.70 | | | | 3-15-17 | | | | 150,000 | | | | 175,077 | |
AvalonBay Communities Incorporated | | | 6.10 | | | | 3-15-20 | | | | 100,000 | | | | 121,849 | |
BioMed Realty Trust Incorporated | | | 3.85 | | | | 4-15-16 | | | | 150,000 | | | | 156,768 | |
Boston Properties LP | | | 4.13 | | | | 5-15-21 | | | | 300,000 | | | | 320,829 | |
Boston Properties LP | | | 5.63 | | | | 4-15-15 | | | | 250,000 | | | | 277,277 | |
Boston Properties LP | | | 5.63 | | | | 11-15-20 | | | | 500,000 | | | | 588,594 | |
Boston Properties LP | | | 5.88 | | | | 10-15-19 | | | | 500,000 | | | | 591,636 | |
BRE Properties Incorporated | | | 5.20 | | | | 3-15-21 | | | | 65,000 | | | | 73,837 | |
Camden Property Trust | | | 4.63 | | | | 6-15-21 | | | | 150,000 | | | | 163,486 | |
Camden Property Trust | | | 4.88 | | | | 6-15-23 | | | | 100,000 | | | | 112,458 | |
Commonwealth REIT | | | 5.88 | | | | 9-15-20 | | | | 100,000 | | | | 105,366 | |
Digital Realty Trust LP | | | 5.25 | | | | 3-15-21 | | | | 100,000 | | | | 110,451 | |
Digital Realty Trust LP | | | 5.88 | | | | 2-1-20 | | | | 300,000 | | | | 340,802 | |
Duke Realty LP | | | 5.95 | | | | 2-15-17 | | | | 350,000 | | | | 393,668 | |
Duke Realty LP | | | 7.38 | | | | 2-15-15 | | | | 500,000 | | | | 561,899 | |
Entertainment Properties Trust | | | 5.75 | | | | 8-15-22 | | | | 150,000 | | | | 151,519 | |
ERP Operating LP | | | 5.25 | | | | 9-15-14 | | | | 480,000 | | | | 518,493 | |
ERP Operating LP | | | 5.75 | | | | 6-15-17 | | | | 750,000 | | | | 883,721 | |
ERP Operation LP | | | 4.63 | | | | 12-15-21 | | | | 1,000,000 | | | | 1,146,966 | |
Federal Realty Investment Trust | | | 3.00 | | | | 8-1-22 | | | | 100,000 | | | | 100,027 | |
HCP Incorporated | | | 2.70 | | | | 2-1-14 | | | | 360,000 | | | | 367,345 | |
HCP Incorporated | | | 3.15 | | | | 8-1-22 | | | | 100,000 | | | | 97,638 | |
HCP Incorporated | | | 3.75 | | | | 2-1-16 | | | | 355,000 | | | | 376,044 | |
HCP Incorporated | | | 3.75 | | | | 2-1-19 | | | | 100,000 | | | | 104,169 | |
HCP Incorporated | | | 5.38 | | | | 2-1-21 | | | | 65,000 | | | | 74,450 | |
HCP Incorporated | | | 5.63 | | | | 5-1-17 | | | | 100,000 | | | | 113,018 | |
HCP Incorporated | | | 6.00 | | | | 1-30-17 | | | | 200,000 | | | | 228,246 | |
HCP Incorporated | | | 6.70 | | | | 1-30-18 | | | | 500,000 | | | | 593,413 | |
HCP Incorporated | | | 6.75 | | | | 2-1-41 | | | | 65,000 | | | | 85,076 | |
Health Care Incorporated | | | 3.63 | | | | 3-15-16 | | | | 300,000 | | | | 315,852 | |
Health Care Incorporated | | | 4.70 | | | | 9-15-17 | | | | 500,000 | | | | 540,997 | |
Health Care Incorporated | | | 4.95 | | | | 1-15-21 | | | | 250,000 | | | | 270,728 | |
Health Care Incorporated | | | 5.25 | | | | 1-15-22 | | | | 100,000 | | | | 111,969 | |
Health Care Incorporated | | | 5.75 | | | | 1-15-21 | | | | 250,000 | | | | 274,661 | |
Health Care Incorporated | | | 6.13 | | | | 4-15-20 | | | | 250,000 | | | | 290,718 | |
Health Care Incorporated | | | 6.50 | | | | 1-17-17 | | | | 60,000 | | | | 67,396 | |
Health Care Incorporated | | | 6.50 | | | | 3-15-41 | | | | 100,000 | | | | 116,628 | |
Highwoods Realty Limited | | | 5.85 | | | | 3-15-17 | | | | 300,000 | | | | 328,174 | |
Hospitality Properties Trust | | | 5.63 | | | | 3-15-17 | | | | 75,000 | | | | 80,373 | |
Hospitality Properties Trust | | | 7.88 | | | | 8-15-14 | | | | 500,000 | | | | 541,321 | |
HRPT Properties Trust | | | 5.75 | | | | 11-1-15 | | | | 350,000 | | | | 367,654 | |
Kilroy Realty Corporation | | | 4.80 | | | | 7-15-18 | | | | 150,000 | | | | 164,252 | |
Kilroy Realty Corporation | | | 5.00 | | | | 11-3-15 | | | | 100,000 | | | | 108,701 | |
Kimco Realty Corporation | | | 5.70 | | | | 5-1-17 | | | | 500,000 | | | | 573,328 | |
Kimco Realty Corporation | | | 6.88 | | | | 10-1-19 | | | | 100,000 | | | | 122,991 | |
Liberty Property LP | | | 4.75 | | | | 10-1-20 | | | | 250,000 | | | | 272,416 | |
Liberty Property LP | | | 5.50 | | | | 12-15-16 | | | | 75,000 | | | | 84,121 | |
| | | | |
| 44 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| REITs (continued) | | | | | | | | | | | | | | | | |
Liberty Property LP | | | 6.63 | % | | | 10-1-17 | | | $ | 150,000 | | | $ | 176,293 | |
Mack-Cali Realty Corporation | | | 7.75 | | | | 8-15-19 | | | | 150,000 | | | | 184,276 | |
National Retail Properties Incorporated | | | 3.80 | | | | 10-15-22 | | | | 100,000 | | | | 101,616 | |
National Retail Properties Incorporated | | | 6.88 | | | | 10-15-17 | | | | 100,000 | | | | 119,620 | |
Omega Healthcare Investors Incorporated | | | 6.75 | | | | 10-15-22 | | | | 250,000 | | | | 274,375 | |
ProLogis Trust | | | 6.25 | | | | 3-15-17 | | | | 100,000 | | | | 114,415 | |
ProLogis Trust | | | 6.63 | | | | 5-15-18 | | | | 100,000 | | | | 118,406 | |
ProLogis Trust | | | 6.88 | | | | 3-15-20 | | | | 531,000 | | | | 638,414 | |
ProLogis Trust | | | 7.63 | | | | 8-15-14 | | | | 100,000 | | | | 110,098 | |
Realty Income Corporation | | | 5.75 | | | | 1-15-21 | | | | 300,000 | | | | 348,372 | |
Realty Income Corporation | | | 5.95 | | | | 9-15-16 | | | | 100,000 | | | | 113,818 | |
Senior Housing Properties Trust | | | 4.30 | | | | 1-15-16 | | | | 100,000 | | | | 102,246 | |
Simon Property Group LP | | | 2.15 | | | | 9-15-17 | | | | 500,000 | | | | 514,156 | |
Simon Property Group LP | | | 3.38 | | | | 3-15-22 | | | | 500,000 | | | | 527,410 | |
Simon Property Group LP | | | 4.20 | | | | 2-1-15 | | | | 90,000 | | | | 95,994 | |
Simon Property Group LP | | | 4.38 | | | | 3-1-21 | | | | 500,000 | | | | 558,994 | |
Simon Property Group LP | | | 4.75 | | | | 3-15-42 | | | | 250,000 | | | | 275,800 | |
Simon Property Group LP | | | 5.10 | | | | 6-15-15 | | | | 750,000 | | | | 825,406 | |
Simon Property Group LP | | | 5.25 | | | | 12-1-16 | | | | 50,000 | | | | 57,060 | |
Simon Property Group LP | | | 5.65 | | | | 2-1-20 | | | | 200,000 | | | | 240,786 | |
Simon Property Group LP | | | 5.75 | | | | 12-1-15 | | | | 125,000 | | | | 140,890 | |
Simon Property Group LP | | | 5.88 | | | | 3-1-17 | | | | 250,000 | | | | 294,508 | |
Simon Property Group LP | | | 6.13 | | | | 5-30-18 | | | | 100,000 | | | | 121,131 | |
Simon Property Group LP | | | 6.75 | | | | 2-1-40 | | | | 350,000 | | | | 479,775 | |
Simon Property Group LP | | | 10.35 | | | | 4-1-19 | | | | 600,000 | | | | 858,808 | |
Tanger Properties LP | | | 6.15 | | | | 11-15-15 | | | | 250,000 | | | | 279,094 | |
UDR Incorporated | | | 4.25 | | | | 6-1-18 | | | | 150,000 | | | | 161,587 | |
UDR Incorporated | | | 4.63 | | | | 1-10-22 | | | | 100,000 | | | | 109,899 | |
Ventas Realty LP | | | 3.13 | | | | 11-30-15 | | | | 100,000 | | | | 104,373 | |
Ventas Realty LP | | | 4.25 | | | | 3-1-22 | | | | 1,000,000 | | | | 1,069,950 | |
Ventas Realty LP | | | 4.75 | | | | 6-1-21 | | | | 150,000 | | | | 164,783 | |
Vornado Realty Trust | | | 4.25 | | | | 4-1-15 | | | | 250,000 | | | | 264,384 | |
| | | | |
| | | | | | | | | | | | | | | 24,805,621 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Thrifts & Mortgage Finance: 0.00% | | | | | | | | | | | | | | | | |
Astoria Financial Corporation | | | 5.00 | | | | 6-19-17 | | | | 100,000 | | | | 102,422 | |
| | | | | | | | | | | | | | | | |
| | | | |
Health Care: 1.64% | | | | | | | | | | | | | | | | |
| | | | |
| Biotechnology: 0.23% | | | | | | | | | | | | | | | | |
Amgen Incorporated | | | 1.88 | | | | 11-15-14 | | | | 750,000 | | | | 768,668 | |
Amgen Incorporated | | | 2.30 | | | | 6-15-16 | | | | 600,000 | | | | 624,441 | |
Amgen Incorporated | | | 3.88 | | | | 11-15-21 | | | | 500,000 | | | | 541,044 | |
Amgen Incorporated | | | 4.10 | | | | 6-15-21 | | | | 100,000 | | | | 110,024 | |
Amgen Incorporated | | | 4.50 | | | | 3-15-20 | | | | 65,000 | | | | 72,905 | |
Amgen Incorporated | | | 4.95 | | | | 10-1-41 | | | | 500,000 | | | | 530,715 | |
Amgen Incorporated | | | 5.15 | | | | 11-15-41 | | | | 350,000 | | | | 382,758 | |
Amgen Incorporated | | | 5.65 | | | | 6-15-42 | | | | 1,100,000 | | | | 1,284,983 | |
Amgen Incorporated | | | 5.70 | | | | 2-1-19 | | | | 1,000,000 | | | | 1,188,026 | |
Amgen Incorporated | | | 5.75 | | | | 3-15-40 | | | | 80,000 | | | | 93,087 | |
Amgen Incorporated | | | 5.85 | | | | 6-1-17 | | | | 350,000 | | | | 416,115 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 45 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Biotechnology (continued) | | | | | | | | | | | | | | | | |
Amgen Incorporated | | | 6.15 | % | | | 6-1-18 | | | $ | 250,000 | | | $ | 304,393 | |
Amgen Incorporated | | | 6.38 | | | | 6-1-37 | | | | 500,000 | | | | 619,473 | |
Amgen Incorporated | | | 6.40 | | | | 2-1-39 | | | | 250,000 | | | | 310,982 | |
Biogen Idec Incorporated | | | 6.88 | | | | 3-1-18 | | | | 500,000 | | | | 614,862 | |
Celgene Corporation | | | 2.45 | | | | 10-15-15 | | | | 200,000 | | | | 207,026 | |
Celgene Corporation | | | 3.25 | | | | 8-15-22 | | | | 250,000 | | | | 251,413 | |
Celgene Corporation | | | 3.95 | | | | 10-15-20 | | | | 200,000 | | | | 215,928 | |
Genzyme Corporation | | | 3.63 | | | | 6-15-15 | | | | 250,000 | | | | 270,254 | |
Genzyme Corporation | | | 5.00 | | | | 6-15-20 | | | | 200,000 | | | | 239,291 | |
Gilead Sciences Incorporated | | | 4.40 | | | | 12-1-21 | | | | 800,000 | | | | 909,029 | |
Gilead Sciences Incorporated | | | 4.50 | | | | 4-1-21 | | | | 500,000 | | | | 572,426 | |
Gilead Sciences Incorporated | | | 5.65 | | | | 12-1-41 | | | | 400,000 | | | | 509,999 | |
| | | | |
| | | | | | | | | | | | | | | 11,037,842 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Health Care Equipment & Supplies: 0.23% | | | | | | | | | | | | | | | | |
Baxter International Incorporated | | | 2.40 | | | | 8-15-22 | | | | 250,000 | | | | 251,698 | |
Baxter International Incorporated | | | 3.65 | | | | 8-15-42 | | | | 250,000 | | | | 255,700 | |
Baxter International Incorporated | | | 4.25 | | | | 3-15-20 | | | | 100,000 | | | | 114,725 | |
Baxter International Incorporated | | | 5.38 | | | | 6-1-18 | | | | 500,000 | | | | 605,087 | |
Baxter International Incorporated | | | 5.90 | | | | 9-1-16 | | | | 50,000 | | | | 59,630 | |
Baxter International Incorporated | | | 6.25 | | | | 12-1-37 | | | | 250,000 | | | | 356,269 | |
Becton Dickinson and Company | | | 1.75 | | | | 11-8-16 | | | | 500,000 | | | | 516,676 | |
Becton Dickinson and Company | | | 3.13 | | | | 11-8-21 | | | | 300,000 | | | | 322,336 | |
Becton Dickinson and Company | | | 3.25 | | | | 11-12-20 | | | | 350,000 | | | | 380,854 | |
Becton Dickinson and Company | | | 6.00 | | | | 5-15-39 | | | | 200,000 | | | | 276,906 | |
Boston Scientific Corporation | | | 4.50 | | | | 1-15-15 | | | | 750,000 | | | | 800,795 | |
Boston Scientific Corporation | | | 6.00 | | | | 1-15-20 | | | | 350,000 | | | | 418,776 | |
Boston Scientific Corporation | | | 6.40 | | | | 6-15-16 | | | | 350,000 | | | | 406,087 | |
Boston Scientific Corporation | | | 7.38 | | | | 1-15-40 | | | | 300,000 | | | | 416,601 | |
C.R. Bard Incorporated | | | 2.88 | | | | 1-15-16 | | | | 100,000 | | | | 105,453 | |
C.R. Bard Incorporated | | | 4.40 | | | | 1-15-21 | | | | 168,000 | | | | 194,781 | |
CareFusion Corporation | | | 6.38 | | | | 8-1-19 | | | | 500,000 | | | | 600,935 | |
Dentsply International | | | 2.75 | | | | 8-15-16 | | | | 55,000 | | | | 56,655 | |
Hospira Incorporated | | | 6.05 | | | | 3-30-17 | | | | 500,000 | | | | 576,540 | |
Hospira Incorporated | | | 6.40 | | | | 5-15-15 | | | | 45,000 | | | | 49,858 | |
Medtronic Incorporated | | | 3.00 | | | | 3-15-15 | | | | 750,000 | | | | 792,265 | |
Medtronic Incorporated | | | 4.45 | | | | 3-15-20 | | | | 1,000,000 | | | | 1,156,580 | |
Medtronic Incorporated | | | 4.50 | | | | 3-15-14 | | | | 250,000 | | | | 264,865 | |
Medtronic Incorporated | | | 5.55 | | | | 3-15-40 | | | | 300,000 | | | | 385,729 | |
St. Jude Medical Incorporated | | | 2.50 | | | | 1-15-16 | | | | 250,000 | | | | 260,883 | |
St. Jude Medical Incorporated | | | 3.75 | | | | 7-15-14 | | | | 500,000 | | | | 527,360 | |
Stryker Corporation | | | 3.00 | | | | 1-15-15 | | | | 150,000 | | | | 157,899 | |
Stryker Corporation | | | 4.38 | | | | 1-15-20 | | | | 150,000 | | | | 172,905 | |
Zimmer Holdings Incorporated | | | 4.63 | | | | 11-30-19 | | | | 250,000 | | | | 285,794 | |
Zimmer Holdings Incorporated | | | 5.75 | | | | 11-30-39 | | | | 250,000 | | | | 310,333 | |
| | | | |
| | | | | | | | | | | | | | | 11,080,975 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Health Care Providers & Services: 0.42% | | | | | | | | | | | | | | | | |
Aetna Incorporated | | | 3.95 | | | | 9-1-20 | | | | 200,000 | | | | 220,830 | |
Aetna Incorporated | | | 4.13 | | | | 6-1-21 | | | | 200,000 | | | | 220,518 | |
| | | | |
| 46 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Health Care Providers & Services (continued) | | | | | | | | | | | | | | | | |
Aetna Incorporated | | | 6.00 | % | | | 6-15-16 | | | $ | 300,000 | | | $ | 351,372 | |
Aetna Incorporated | | | 6.63 | | | | 6-15-36 | | | | 650,000 | | | | 851,930 | |
AmerisourceBergen Corporation | | | 3.50 | | | | 11-15-21 | | | | 300,000 | | | | 325,081 | |
AmerisourceBergen Corporation | | | 4.88 | | | | 11-15-19 | | | | 250,000 | | | | 292,564 | |
Cardinal Health Incorporated | | | 5.80 | | | | 10-15-16 | | | | 350,000 | | | | 408,629 | |
CIGNA Corporation | | | 4.00 | | | | 2-15-22 | | | | 250,000 | | | | 268,646 | |
CIGNA Corporation | | | 4.38 | | | | 12-15-20 | | | | 500,000 | | | | 549,914 | |
CIGNA Corporation | | | 4.50 | | | | 3-15-21 | | | | 100,000 | | | | 111,185 | |
CIGNA Corporation | | | 5.13 | | | | 6-15-20 | | | | 215,000 | | | | 247,220 | |
CIGNA Corporation | | | 5.38 | | | | 2-15-42 | | | | 350,000 | | | | 397,051 | |
CIGNA Corporation | | | 5.88 | | | | 3-15-41 | | | | 330,000 | | | | 396,705 | |
CIGNA Corporation | | | 6.15 | | | | 11-15-36 | | | | 50,000 | | | | 60,523 | |
Coventry Health Care Incorporated | | | 5.45 | | | | 6-15-21 | | | | 580,000 | | | | 681,404 | |
Express Scripts Incorporated | | | 3.13 | | | | 5-15-16 | | | | 400,000 | | | | 425,286 | |
Express Scripts Incorporated | | | 6.25 | | | | 6-15-14 | | | | 750,000 | | | | 819,395 | |
Humana Incorporated | | | 7.20 | | | | 6-15-18 | | | | 500,000 | | | | 604,279 | |
Laboratory Corporation of America Holdings | | | 2.20 | | | | 8-23-17 | | | | 67,000 | | | | 67,970 | |
Laboratory Corporation of America Holdings | | | 3.75 | | | | 8-23-22 | | | | 56,000 | | | �� | 58,161 | |
Laboratory Corporation of America Holdings | | | 4.63 | | | | 11-15-20 | | | | 500,000 | | | | 552,749 | |
Laboratory Corporation of America Holdings | | | 5.63 | | | | 12-15-15 | | | | 200,000 | | | | 225,696 | |
McKesson Corporation | | | 3.25 | | | | 3-1-16 | | | | 500,000 | | | | 538,423 | |
McKesson Corporation | | | 6.00 | | | | 3-1-41 | | | | 250,000 | | | | 345,968 | |
McKesson Corporation | | | 7.50 | | | | 2-15-19 | | | | 500,000 | | | | 647,778 | |
Medco Health Solutions Incorporated | | | 4.13 | | | | 9-15-20 | | | | 500,000 | | | | 543,457 | |
Quest Diagnostics Incorporated | | | 4.75 | | | | 1-30-20 | | | | 590,000 | | | | 662,083 | |
Quest Diagnostics Incorporated | | | 5.75 | | | | 1-30-40 | | | | 40,000 | | | | 47,430 | |
Quest Diagnostics Incorporated | | | 6.40 | | | | 7-1-17 | | | | 400,000 | | | | 476,550 | |
Quest Diagnostics Incorporated | | | 6.95 | | | | 7-1-37 | | | | 100,000 | | | | 133,721 | |
UnitedHealth Group Incorporated | | | 2.88 | | | | 3-15-22 | | | | 1,000,000 | | | | 1,025,624 | |
UnitedHealth Group Incorporated | | | 5.00 | | | | 8-15-14 | | | | 500,000 | | | | 539,893 | |
UnitedHealth Group Incorporated | | | 5.80 | | | | 3-15-36 | | | | 250,000 | | | | 305,742 | |
UnitedHealth Group Incorporated | | | 5.95 | | | | 2-15-41 | | | | 500,000 | | | | 650,831 | |
UnitedHealth Group Incorporated | | | 6.00 | | | | 2-15-18 | | | | 1,000,000 | | | | 1,232,940 | |
UnitedHealth Group Incorporated | | | 6.63 | | | | 11-15-37 | | | | 150,000 | | | | 205,735 | |
UnitedHealth Group Incorporated | | | 6.88 | | | | 2-15-38 | | | | 500,000 | | | | 701,294 | |
WellPoint Incorporated | | | 2.38 | | | | 2-15-17 | | | | 250,000 | | | | 257,698 | |
Wellpoint Incorporated | | | 3.13 | | | | 5-15-22 | | | | 500,000 | | | | 498,408 | |
Wellpoint Incorporated | | | 4.63 | | | | 5-15-42 | | | | 500,000 | | | | 499,082 | |
WellPoint Incorporated | | | 5.25 | | | | 1-15-16 | | | | 100,000 | | | | 111,808 | |
WellPoint Incorporated | | | 5.80 | | | | 8-15-40 | | | | 135,000 | | | | 160,906 | |
WellPoint Incorporated | | | 5.85 | | | | 1-15-36 | | | | 725,000 | | | | 855,485 | |
WellPoint Incorporated | | | 5.88 | | | | 6-15-17 | | | | 750,000 | | | | 884,210 | |
WellPoint Incorporated | | | 7.00 | | | | 2-15-19 | | | | 500,000 | | | | 622,881 | |
| | | | |
| | | | | | | | | | | | | | | 20,085,055 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Life Sciences Tools & Services: 0.07% | | | | | | | | | | | | | | | | |
Life Technologies Corporation | | | 4.40 | | | | 3-1-15 | | | | 300,000 | | | | 318,858 | |
Life Technologies Corporation | | | 5.00 | | | | 1-15-21 | | | | 150,000 | | | | 170,212 | |
Life Technologies Corporation | | | 6.00 | | | | 3-1-20 | | | | 250,000 | | | | 298,050 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 47 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Life Sciences Tools & Services (continued) | | | | | | | | | | | | | | | | |
Thermo Fisher Scientific Incorporated | | | 2.05 | % | | | 2-21-14 | | | $ | 530,000 | | | $ | 539,368 | |
Thermo Fisher Scientific Incorporated | | | 2.25 | | | | 8-15-16 | | | | 185,000 | | | | 191,637 | |
Thermo Fisher Scientific Incorporated | | | 3.20 | | | | 5-1-15 | | | | 500,000 | | | | 527,737 | |
Thermo Fisher Scientific Incorporated | | | 3.20 | | | | 3-1-16 | | | | 40,000 | | | | 42,507 | |
Thermo Fisher Scientific Incorporated | | | 4.50 | | | | 3-1-21 | | | | 1,040,000 | | | | 1,176,659 | |
| | | | |
| | | | | | | | | | | | | | | 3,265,028 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Pharmaceuticals: 0.69% | | | | | | | | | | | | | | | | |
Abbott Laboratories | | | 2.70 | | | | 5-27-15 | | | | 350,000 | | | | 370,881 | |
Abbott Laboratories | | | 4.13 | | | | 5-27-20 | | | | 500,000 | | | | 577,509 | |
Abbott Laboratories | | | 5.13 | | | | 4-1-19 | | | | 350,000 | | | | 422,929 | |
Abbott Laboratories | | | 5.30 | | | | 5-27-40 | | | | 500,000 | | | | 652,903 | |
Abbott Laboratories | | | 5.60 | | | | 11-30-17 | | | | 1,000,000 | | | | 1,226,336 | |
Abbott Laboratories | | | 5.88 | | | | 5-15-16 | | | | 150,000 | | | | 177,437 | |
Abbott Laboratories | | | 6.00 | | | | 4-1-39 | | | | 300,000 | | | | 422,098 | |
Abbott Laboratories | | | 6.15 | | | | 11-30-37 | | | | 475,000 | | | | 679,092 | |
Allergan Incorporated | | | 3.38 | | | | 9-15-20 | | | | 500,000 | | | | 542,900 | |
Bristol-Myers Squibb Company | | | 2.00 | | | | 8-1-22 | | | | 250,000 | | | | 244,194 | |
Bristol-Myers Squibb Company | | | 5.45 | | | | 5-1-18 | | | | 500,000 | | | | 608,372 | |
Bristol-Myers Squibb Company | | | 5.88 | | | | 11-15-36 | | | | 582,000 | | | | 788,168 | |
Bristol-Myers Squibb Company | | | 6.13 | | | | 5-1-38 | | | | 13,000 | | | | 18,313 | |
Eli Lilly & Company | | | 4.20 | | | | 3-6-14 | | | | 500,000 | | | | 528,325 | |
Eli Lilly & Company | | | 5.20 | | | | 3-15-17 | | | | 500,000 | | | | 590,176 | |
Eli Lilly & Company | | | 5.50 | | | | 3-15-27 | | | | 400,000 | | | | 522,951 | |
Eli Lilly & Company | | | 5.95 | | | | 11-15-37 | | | | 500,000 | | | | 690,826 | |
Genentech Incorporated | | | 4.75 | | | | 7-15-15 | | | | 500,000 | | | | 557,309 | |
GlaxoSmithKline Capital Incorporated | | | 4.38 | | | | 4-15-14 | | | | 250,000 | | | | 265,798 | |
GlaxoSmithKline Capital Incorporated | | | 5.38 | | | | 4-15-34 | | | | 300,000 | | | | 373,989 | |
GlaxoSmithKline Capital Incorporated | | | 5.65 | | | | 5-15-18 | | | | 1,000,000 | | | | 1,228,449 | |
GlaxoSmithKline Capital Incorporated | | | 6.38 | | | | 5-15-38 | | | | 900,000 | | | | 1,297,693 | |
Johnson & Johnson | | | 2.15 | | | | 5-15-16 | | | | 500,000 | | | | 527,068 | |
Johnson & Johnson | | | 4.50 | | | | 9-1-40 | | | | 300,000 | | | | 363,205 | |
Johnson & Johnson | | | 4.85 | | | | 5-15-41 | | | | 200,000 | | | | 258,258 | |
Johnson & Johnson | | | 4.95 | | | | 5-15-33 | | | | 180,000 | | | | 223,468 | |
Johnson & Johnson | | | 5.15 | | | | 7-15-18 | | | | 500,000 | | | | 614,482 | |
Johnson & Johnson | | | 5.55 | | | | 8-15-17 | | | | 250,000 | | | | 305,481 | |
Johnson & Johnson | | | 5.85 | | | | 7-15-38 | | | | 500,000 | | | | 717,716 | |
Johnson & Johnson | | | 6.73 | | | | 11-15-23 | | | | 300,000 | | | | 431,826 | |
Merck & Company Incorporated | | | 3.88 | | | | 1-15-21 | | | | 350,000 | | | | 398,743 | |
Merck & Company Incorporated | | | 4.75 | | | | 3-1-15 | | | | 225,000 | | | | 248,369 | |
Merck & Company Incorporated | | | 5.00 | | | | 6-30-19 | | | | 250,000 | | | | 302,472 | |
Merck & Company Incorporated | | | 5.75 | | | | 11-15-36 | | | | 400,000 | | | | 553,654 | |
Merck & Company Incorporated | | | 5.85 | | | | 6-30-39 | | | | 150,000 | | | | 212,442 | |
Merck & Company Incorporated | | | 5.95 | | | | 12-1-28 | | | | 65,000 | | | | 86,358 | |
Merck & Company Incorporated | | | 6.00 | | | | 9-15-17 | | | | 1,000,000 | | | | 1,237,079 | |
Merck & Company Incorporated | | | 6.30 | | | | 1-1-26 | | | | 250,000 | | | | 338,279 | |
Merck & Company Incorporated | | | 6.40 | | | | 3-1-28 | | | | 500,000 | | | | 699,771 | |
Novartis Capital Corporation | | | 2.90 | | | | 4-24-15 | | | | 850,000 | | | | 903,460 | |
Novartis Capital Corporation | | | 4.13 | | | | 2-10-14 | | | | 475,000 | | | | 499,401 | |
Novartis Capital Corporation | | | 4.40 | | | | 4-24-20 | | | | 500,000 | | | | 590,516 | |
| | | | |
| 48 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Pharmaceuticals (continued) | | | | | | | | | | | | | | | | |
Pfizer Incorporated | | | 4.50 | % | | | 2-15-14 | | | $ | 300,000 | | | $ | 317,672 | |
Pfizer Incorporated | | | 5.35 | | | | 3-15-15 | | | | 750,000 | | | | 839,483 | |
Pfizer Incorporated | | | 5.45 | | | | 4-1-17 | | | | 500,000 | | | | 597,085 | |
Pfizer Incorporated | | | 5.50 | | | | 2-1-14 | | | | 500,000 | | | | 535,795 | |
Pfizer Incorporated | | | 5.50 | | | | 2-15-16 | | | | 180,000 | | | | 208,819 | |
Pfizer Incorporated | | | 5.95 | | | | 4-1-37 | | | | 350,000 | | | | 482,243 | |
Pfizer Incorporated | | | 6.00 | | | | 2-15-36 | | | | 625,000 | | | | 855,514 | |
Pfizer Incorporated | | | 6.20 | | | | 3-15-19 | | | | 2,000,000 | | | | 2,560,300 | |
Pfizer Incorporated | | | 6.50 | | | | 2-1-34 | | | | 500,000 | | | | 714,509 | |
Pfizer Incorporated | | | 7.20 | | | | 3-15-39 | | | | 750,000 | | | | 1,190,112 | |
Schering-Plough Corporation | | | 5.30 | | | | 12-1-13 | | | | 500,000 | | | | 529,804 | |
Schering-Plough Corporation | | | 6.50 | | | | 12-1-33 | | | | 120,000 | | | | 175,792 | |
Schering-Plough Corporation | | | 6.55 | | | | 9-15-37 | | | | 475,000 | | | | 716,679 | |
Teva Pharmaceutical Finance LLC | | | 1.70 | | | | 11-10-14 | | | | 500,000 | | | | 509,850 | |
Watson Pharmaceuticals Incorporated | | | 5.00 | | | | 8-15-14 | | | | 125,000 | | | | 133,023 | |
Watson Pharmaceuticals Incorporated | | | 6.13 | | | | 8-15-19 | | | | 130,000 | | | | 151,195 | |
| | | | |
| | | | | | | | | | | | | | | 32,816,571 | |
| | | | | | | | | | | | | | | | |
| | | | |
Industrials: 1.60% | | | | | | | | | | | | | | | | |
| | | | |
| Aerospace & Defense: 0.46% | | | | | | | | | | | | | | | | |
Boeing Capital Corporation | | | 4.70 | | | | 10-27-19 | | | | 500,000 | | | | 594,801 | |
Boeing Company | | | 4.88 | | | | 2-15-20 | | | | 140,000 | | | | 170,052 | |
Boeing Company | | | 5.00 | | | | 3-15-14 | | | | 1,000,000 | | | | 1,067,833 | |
Boeing Company | | | 5.88 | | | | 2-15-40 | | | | 30,000 | | | | 42,730 | |
Boeing Company | | | 6.00 | | | | 3-15-19 | | | | 300,000 | | | | 378,443 | |
Boeing Company | | | 6.13 | | | | 2-15-33 | | | | 180,000 | | | | 245,174 | |
Boeing Company | | | 6.88 | | | | 3-15-39 | | | | 800,000 | | | | 1,249,769 | |
General Dynamics Corporation | | | 1.38 | | | | 1-15-15 | | | | 200,000 | | | | 203,657 | |
General Dynamics Corporation | | | 2.25 | | | | 7-15-16 | | | | 200,000 | | | | 210,426 | |
General Dynamics Corporation | | | 3.88 | | | | 7-15-21 | | | | 200,000 | | | | 227,636 | |
General Dynamics Corporation | | | 5.25 | | | | 2-1-14 | | | | 500,000 | | | | 533,316 | |
Goodrich Corporation | | | 4.88 | | | | 3-1-20 | | | | 550,000 | | | | 652,997 | |
Honeywell International Incorporated | | | 3.88 | | | | 2-15-14 | | | | 500,000 | | | | 523,632 | |
Honeywell International Incorporated | | | 4.25 | | | | 3-1-21 | | | | 50,000 | | | | 58,899 | |
Honeywell International Incorporated | | | 5.00 | | | | 2-15-19 | | | | 750,000 | | | | 899,235 | |
Honeywell International Incorporated | | | 5.30 | | | | 3-1-18 | | | | 100,000 | | | | 121,628 | |
Honeywell International Incorporated | | | 5.38 | | | | 3-1-41 | | | | 365,000 | | | | 487,279 | |
Honeywell International Incorporated | | | 5.70 | | | | 3-15-37 | | | | 250,000 | | | | 338,730 | |
L-3 Communications Corporation | | | 4.95 | | | | 2-15-21 | | | | 500,000 | | | | 550,932 | |
L-3 Communications Corporation | | | 5.20 | | | | 10-15-19 | | | | 500,000 | | | | 560,648 | |
Lockheed Martin Corporation | | | 4.25 | | | | 11-15-19 | | | | 1,000,000 | | | | 1,124,805 | |
Lockheed Martin Corporation | | | 5.50 | | | | 11-15-39 | | | | 150,000 | | | | 182,090 | |
Lockheed Martin Corporation | | | 5.72 | | | | 6-1-40 | | | | 162,000 | | | | 206,628 | |
Lockheed Martin Corporation Series B | | | 6.15 | | | | 9-1-36 | | | | 350,000 | | | | 457,864 | |
Northrop Grumman Corporation | | | 1.85 | | | | 11-15-15 | | | | 300,000 | | | | 308,534 | |
Northrop Grumman Corporation | | | 3.50 | | | | 3-15-21 | | | | 300,000 | | | | 322,832 | |
Northrop Grumman Corporation | | | 3.70 | | | | 8-1-14 | | | | 90,000 | | | | 94,484 | |
Northrop Grumman Corporation | | | 5.05 | | | | 8-1-19 | | | | 85,000 | | | | 99,844 | |
Northrop Grumman Corporation | | | 5.05 | | | | 11-15-40 | | | | 100,000 | | | | 116,600 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 49 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Aerospace & Defense (continued) | | | | | | | | | | | | | | | | |
Northrop Grumman Corporation | | | 7.75 | % | | | 2-15-31 | | | $ | 300,000 | | | $ | 447,997 | |
Raytheon Company | | | 1.63 | | | | 10-15-15 | | | | 500,000 | | | | 511,970 | |
Raytheon Company | | | 4.40 | | | | 2-15-20 | | | | 600,000 | | | | 697,615 | |
Raytheon Company | | | 4.70 | | | | 12-15-41 | | | | 500,000 | | | | 594,326 | |
Raytheon Company | | | 7.20 | | | | 8-15-27 | | | | 120,000 | | | | 170,395 | |
Rockwell Collins Incorporated | | | 5.25 | | | | 7-15-19 | | | | 50,000 | | | | 59,823 | |
Textron Incorporated | | | 4.63 | | | | 9-21-16 | | | | 100,000 | | | | 108,468 | |
United Technologies Corporation | | | 1.80 | | | | 6-1-17 | | | | 533,000 | | | | 551,094 | |
United Technologies Corporation | | | 3.10 | | | | 6-1-22 | | | | 839,000 | | | | 893,232 | |
United Technologies Corporation | | | 4.50 | | | | 4-15-20 | | | | 500,000 | | | | 591,562 | |
United Technologies Corporation | | | 4.50 | | | | 6-1-42 | | | | 1,533,000 | | | | 1,745,130 | |
United Technologies Corporation | | | 4.88 | | | | 5-1-15 | | | | 850,000 | | | | 945,651 | |
United Technologies Corporation | | | 6.05 | | | | 6-1-36 | | | | 400,000 | | | | 534,127 | |
United Technologies Corporation | | | 6.13 | | | | 2-1-19 | | | | 565,000 | | | | 711,249 | |
United Technologies Corporation | | | 6.13 | | | | 7-15-38 | | | | 500,000 | | | | 679,554 | |
United Technologies Corporation | | | 7.50 | | | | 9-15-29 | | | | 430,000 | | | | 648,775 | |
| | | | |
| | | | | | | | | | | | | | | 21,922,466 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Air Freight & Logistics: 0.08% | | | | | | | | | | | | | | | | |
FedEx Corporation | | | 2.63 | | | | 8-1-22 | | | | 82,000 | | | | 82,441 | |
FedEx Corporation | | | 7.38 | | | | 1-15-14 | | | | 20,000 | | | | 21,779 | |
FedEx Corporation | | | 8.00 | | | | 1-15-19 | | | | 400,000 | | | | 533,212 | |
United Parcel Service Incorporated | | | 3.13 | | | | 1-15-21 | | | | 900,000 | | | | 971,585 | |
United Parcel Service Incorporated | | | 3.88 | | | | 4-1-14 | | | | 350,000 | | | | 369,701 | |
United Parcel Service Incorporated | | | 5.13 | | | | 4-1-19 | | | | 500,000 | | | | 608,340 | |
United Parcel Service Incorporated | | | 5.50 | | | | 1-15-18 | | | | 100,000 | | | | 121,479 | |
United Parcel Service Incorporated | | | 6.20 | | | | 1-15-38 | | | | 795,000 | | | | 1,144,247 | |
| | | | |
| | | | | | | | | | | | | | | 3,852,784 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Airlines: 0.07% | | | | | | | | | | | | | | | | |
American Airlines Incorporated | | | 10.38 | | | | 1-2-21 | | | | 171,567 | | | | 185,293 | |
Continental Airlines Incorporated | | | 4.75 | | | | 7-12-22 | | | | 477,172 | | | | 503,416 | |
Continental Airlines Incorporated | | | 7.25 | | | | 5-10-21 | | | | 180,349 | | | | 205,598 | |
Continental Airlines Incorporated | | | 9.00 | | | | 1-8-18 | | | | 128,616 | | | | 148,230 | |
Continental Airlines Incorporated Series A | | | 5.98 | | | | 10-19-23 | | | | 387,601 | | | | 424,423 | |
Delta Air Lines Incorporated | | | 4.95 | | | | 11-23-20 | | | | 183,244 | | | | 196,529 | |
Delta Air Lines Incorporated | | | 6.82 | | | | 2-10-24 | | | | 81,615 | | | | 89,164 | |
Delta Air Lines Incorporated | | | 7.75 | | | | 6-17-21 | | | | 369,580 | | | | 422,245 | |
Northwest Airlines Incorporated | | | 7.03 | | | | 5-1-21 | | | | 179,934 | | | | 191,629 | |
Southwest Airlines Company | | | 5.25 | | | | 10-1-14 | | | | 500,000 | | | | 539,573 | |
United Airlines Incorporated | | | 10.40 | | | | 5-1-18 | | | | 218,413 | | | | 251,721 | |
| | | | |
| | | | | | | | | | | | | | | 3,157,821 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Building Products: 0.01% | | | | | | | | | | | | | | | | |
Owens Corning Incorporated | | | 6.50 | | | | 12-1-16 | | | | 500,000 | | | | 557,858 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Commercial Services & Supplies: 0.22% | | | | | | | | | | | | | | | | |
ADT Corporation 144A | | | 3.50 | | | | 7-15-22 | | | | 1,000,000 | | | | 1,039,500 | |
Avery Dennison Corporation | | | 5.38 | | | | 4-15-20 | | | | 350,000 | | | | 375,055 | |
Black & Decker Corporation | | | 3.40 | | | | 12-1-21 | | | | 60,000 | | | | 62,585 | |
| | | | |
| 50 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Commercial Services & Supplies (continued) | | | | | | | | | | | | | | | | |
Cintas Corporation No. 2 | | | 2.85 | % | | | 6-1-16 | | | $ | 200,000 | | | $ | 210,645 | |
Cintas Corporation No. 2 | | | 3.25 | | | | 6-1-22 | | | | 100,000 | | | | 102,775 | |
Cintas Corporation No. 2 | | | 4.30 | | | | 6-1-21 | | | | 60,000 | | | | 66,425 | |
Cintas Corporation No. 2 | | | 6.13 | | | | 12-1-17 | | | | 200,000 | | | | 242,553 | |
Cintas Corporation No. 2 | | | 6.15 | | | | 8-15-36 | | | | 50,000 | | | | 61,964 | |
Cooper US Incorporated | | | 2.38 | | | | 1-15-16 | | | | 200,000 | | | | 206,487 | |
Cooper US Incorporated | | | 3.88 | | | | 12-15-20 | | | | 200,000 | | | | 218,979 | |
Cooper US Incorporated | | | 6.10 | | | | 7-1-17 | | | | 100,000 | | | | 118,174 | |
CRH America Incorporated | | | 5.30 | | | | 10-15-13 | | | | 180,000 | | | | 187,386 | |
CRH America Incorporated | | | 6.00 | | | | 9-30-16 | | | | 850,000 | | | | 943,035 | |
CRH America Incorporated | | | 8.13 | | | | 7-15-18 | | | | 200,000 | | | | 242,308 | |
Equifax Incorporated | | | 7.00 | | | | 7-1-37 | | | | 50,000 | | | | 63,070 | |
Pitney Bowes Incorporated | | | 4.75 | | | | 1-15-16 | | | | 250,000 | | | | 260,753 | |
Pitney Bowes Incorporated | | | 5.25 | | | | 1-15-37 | | | | 500,000 | | | | 504,505 | |
Pitney Bowes Incorporated | | | 5.75 | | | | 9-15-17 | | | | 100,000 | | | | 107,503 | |
Republic Services Incorporated | | | 3.55 | | | | 6-1-22 | | | | 1,000,000 | | | | 1,052,756 | |
Republic Services Incorporated | | | 3.80 | | | | 5-15-18 | | | | 100,000 | | | | 109,732 | |
Republic Services Incorporated | | | 4.75 | | | | 5-15-23 | | | | 300,000 | | | | 345,539 | |
Republic Services Incorporated | | | 5.25 | | | | 11-15-21 | | | | 50,000 | | | | 59,273 | |
Republic Services Incorporated | | | 5.50 | | | | 9-15-19 | | | | 125,000 | | | | 148,111 | |
Republic Services Incorporated | | | 5.70 | | | | 5-15-41 | | | | 550,000 | | | | 665,231 | |
Waste Management Incorporated | | | 4.60 | | | | 3-1-21 | | | | 200,000 | | | | 231,885 | |
Waste Management Incorporated | | | 4.75 | | | | 6-30-20 | | | | 500,000 | | | | 578,145 | |
Waste Management Incorporated | | | 5.00 | | | | 3-15-14 | | | | 415,000 | | | | 441,183 | |
Waste Management Incorporated | | | 6.10 | | | | 3-15-18 | | | | 326,000 | | | | 392,121 | |
Waste Management Incorporated | | | 6.13 | | | | 11-30-39 | | | | 500,000 | | | | 639,268 | |
Waste Management Incorporated | | | 7.75 | | | | 5-15-32 | | | | 400,000 | | | | 580,259 | |
| | | | |
| | | | | | | | | | | | | | | 10,257,205 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Construction & Engineering: 0.01% | | | | | | | | | | | | | | | | |
URS Corporation 144A | | | 3.85 | | | | 4-1-17 | | | | 500,000 | | | | 502,007 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Electrical Equipment: 0.06% | | | | | | | | | | | | | | | | |
Emerson Electric Company | | | 4.13 | | | | 4-15-15 | | | | 300,000 | | | | 326,975 | |
Emerson Electric Company | | | 4.25 | | | | 11-15-20 | | | | 200,000 | | | | 231,185 | |
Emerson Electric Company | | | 4.75 | | | | 10-15-15 | | | | 100,000 | | | | 111,471 | |
Emerson Electric Company | | | 4.88 | | | | 10-15-19 | | | | 200,000 | | | | 240,815 | |
Emerson Electric Company | | | 5.25 | | | | 10-15-18 | | | | 50,000 | | | | 60,862 | |
Emerson Electric Company | | | 5.25 | | | | 11-15-39 | | | | 500,000 | | | | 636,573 | |
Emerson Electric Company | | | 5.38 | | | | 10-15-17 | | | | 200,000 | | | | 238,155 | |
Emerson Electric Company | | | 6.13 | | | | 4-15-39 | | | | 100,000 | | | | 141,774 | |
Hubbell Incorporated | | | 3.63 | | | | 11-15-22 | | | | 200,000 | | | | 218,376 | |
Rockwell Automation Incorporated | | | 6.25 | | | | 12-1-37 | | | | 300,000 | | | | 415,191 | |
Roper Industries Incorporated | | | 6.25 | | | | 9-1-19 | | | | 200,000 | | | | 243,464 | |
| | | | |
| | | | | | | | | | | | | | | 2,864,841 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Industrial Conglomerates: 0.11% | | | | | | | | | | | | | | | | |
3M Company | | | 1.00 | | | | 6-26-17 | | | | 250,000 | | | | 251,962 | |
3M Company | | | 2.00 | | | | 6-26-22 | | | | 225,000 | | | | 224,539 | |
3M Company | | | 5.70 | | | | 3-15-37 | | | | 325,000 | | | | 455,717 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 51 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Industrial Conglomerates (continued) | | | | | | | | | | | | | | | | |
Danaher Corporation | | | 1.30 | % | | | 6-23-14 | | | $ | 560,000 | | | $ | 568,732 | |
Danaher Corporation | | | 2.30 | | | | 6-23-16 | | | | 100,000 | | | | 105,279 | |
Danaher Corporation | | | 3.90 | | | | 6-23-21 | | | | 100,000 | | | | 113,572 | |
Danaher Corporation | | | 5.40 | | | | 3-1-19 | | | | 450,000 | | | | 546,205 | |
GATX Corporation | | | 3.50 | | | | 7-15-16 | | | | 245,000 | | | | 252,739 | |
GATX Corporation | | | 4.85 | | | | 6-1-21 | | | | 100,000 | | | | 103,426 | |
GATX Corporation | | | 8.75 | | | | 5-15-14 | | | | 200,000 | | | | 224,383 | |
General Electric Company | | | 5.25 | | | | 12-6-17 | | | | 1,600,000 | | | | 1,898,856 | |
Textron Incorporated | | | 7.25 | | | | 10-1-19 | | | | 350,000 | | | | 414,413 | |
| | | | |
| | | | | | | | | | | | | | | 5,159,823 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Machinery: 0.24% | | | | | | | | | | | | | | | | |
Caterpillar Incorporated | | | 0.95 | | | | 6-26-15 | | | | 200,000 | | | | 201,983 | |
Caterpillar Incorporated | | | 1.38 | | | | 5-27-14 | | | | 100,000 | | | | 101,626 | |
Caterpillar Incorporated | | | 1.50 | | | | 6-26-17 | | | | 1,000,000 | | | | 1,019,471 | |
Caterpillar Incorporated | | | 2.60 | | | | 6-26-22 | | | | 200,000 | | | | 206,808 | |
Caterpillar Incorporated | | | 3.90 | | | | 5-27-21 | | | | 1,000,000 | | | | 1,145,971 | |
Caterpillar Incorporated « | | | 5.20 | | | | 5-27-41 | | | | 555,000 | | | | 718,370 | |
Caterpillar Incorporated | | | 6.05 | | | | 8-15-36 | | | | 900,000 | | | | 1,238,209 | |
Deere & Company | | | 2.60 | | | | 6-8-22 | | | | 500,000 | | | | 515,636 | |
Deere & Company | | | 3.90 | | | | 6-9-42 | | | | 500,000 | | | | 528,283 | |
Deere & Company | | | 4.38 | | | | 10-16-19 | | | | 400,000 | | | | 466,359 | |
Deere & Company | | | 5.38 | | | | 10-16-29 | | | | 300,000 | | | | 395,469 | |
Deere & Company | | | 6.95 | | | | 4-25-14 | | | | 1,000,000 | | | | 1,103,603 | |
Dover Corporation | | | 4.30 | | | | 3-1-21 | | | | 500,000 | | | | 580,750 | |
Dover Corporation | | | 5.38 | | | | 10-15-35 | | | | 200,000 | | | | 251,509 | |
Dover Corporation | | | 5.45 | | | | 3-15-18 | | | | 100,000 | | | | 118,576 | |
Dover Corporation | | | 6.60 | | | | 3-15-38 | | | | 60,000 | | | | 88,501 | |
Eaton Corporation | | | 5.60 | | | | 5-15-18 | | | | 500,000 | | | | 595,385 | |
Eaton Corporation | | | 6.95 | | | | 3-20-19 | | | | 200,000 | | | | 256,256 | |
Harsco Corporation | | | 2.70 | | | | 10-15-15 | | | | 100,000 | | | | 100,465 | |
IDEX Corporation | | | 4.50 | | | | 12-15-20 | | | | 100,000 | | | | 107,030 | |
Illinois Tool Works Incorporated | | | 3.38 | | | | 9-15-21 | | | | 120,000 | | | | 127,906 | |
Illinois Tool Works Incorporated | | | 3.90 | | | | 9-1-42 | | | | 200,000 | | | | 204,386 | |
Illinois Tool Works Incorporated | | | 4.88 | | | | 9-15-41 | | | | 45,000 | | | | 53,408 | |
Illinois Tool Works Incorporated | | | 5.15 | | | | 4-1-14 | | | | 300,000 | | | | 321,642 | |
Illinois Tool Works Incorporated | | | 6.25 | | | | 4-1-19 | | | | 155,000 | | | | 193,168 | |
Kennametal Incorporated | | | 3.88 | | | | 2-15-22 | | | | 98,000 | | | | 102,414 | |
Parker Hannifin Corporation | | | 3.50 | | | | 9-15-22 | | | | 100,000 | | | | 108,513 | |
Parker Hannifin Corporation | | | 5.50 | | | | 5-15-18 | | | | 135,000 | | | | 162,203 | |
Parker Hannifin Corporation | | | 6.25 | | | | 5-15-38 | | | | 60,000 | | | | 85,023 | |
Pentair Incorporated | | | 5.00 | | | | 5-15-21 | | | | 300,000 | | | | 335,055 | |
Snap-on Incorporated | | | 6.13 | | | | 9-1-21 | | | | 150,000 | | | | 185,443 | |
| | | | |
| | | | | | | | | | | | | | | 11,619,421 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Road & Rail: 0.34% | | | | | | | | | | | | | | | | |
Burlington Northern Santa Fe LLC | | | 3.05 | | | | 3-15-22 | | | | 1,000,000 | | | | 1,032,466 | |
Burlington Northern Santa Fe LLC | | | 3.60 | | | | 9-1-20 | | | | 200,000 | | | | 217,301 | |
Burlington Northern Santa Fe LLC | | | 4.40 | | | | 3-15-42 | | | | 1,000,000 | | | | 1,053,080 | |
Burlington Northern Santa Fe LLC | | | 4.70 | | | | 10-1-19 | | | | 125,000 | | | | 143,563 | |
| | | | |
| 52 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Road & Rail (continued) | | | | | | | | | | | | | | | | |
Burlington Northern Santa Fe LLC | | | 4.88 | % | | | 1-15-15 | | | $ | 500,000 | | | $ | 545,127 | |
Burlington Northern Santa Fe LLC | | | 5.65 | | | | 5-1-17 | | | | 360,000 | | | | 428,983 | |
Burlington Northern Santa Fe LLC | | | 5.75 | | | | 5-1-40 | | | | 550,000 | | | | 682,784 | |
Burlington Northern Santa Fe LLC | | | 6.15 | | | | 5-1-37 | | | | 650,000 | | | | 842,715 | |
Canadian National Railway Company | | | 6.38 | | | | 11-15-37 | | | | 550,000 | | | | 794,796 | |
Con-Way Incorporated | | | 7.25 | | | | 1-15-18 | | | | 350,000 | | | | 408,334 | |
CSX Corporation | | | 3.70 | | | | 10-30-20 | | | | 250,000 | | | | 267,927 | |
CSX Corporation | | | 4.25 | | | | 6-1-21 | | | | 200,000 | | | | 223,925 | |
CSX Corporation | | | 4.75 | | | | 5-30-42 | | | | 30,000 | | | | 33,269 | |
CSX Corporation | | | 5.60 | | | | 5-1-17 | | | | 100,000 | | | | 116,724 | |
CSX Corporation | | | 6.00 | | | | 10-1-36 | | | | 300,000 | | | | 378,310 | |
CSX Corporation | | | 6.15 | | | | 5-1-37 | | | | 320,000 | | | | 414,875 | |
CSX Corporation | | | 6.22 | | | | 4-30-40 | | | | 200,000 | | | | 264,266 | |
CSX Corporation | | | 6.25 | | | | 4-1-15 | | | | 700,000 | | | | 796,192 | |
CSX Corporation | | | 7.38 | | | | 2-1-19 | | | | 500,000 | | | | 642,589 | |
Norfolk Southern Corporation 144A | | | 2.90 | | | | 2-15-23 | | | | 886,000 | | | | 905,296 | |
Norfolk Southern Corporation | | | 3.00 | | | | 4-1-22 | | | | 500,000 | | | | 518,435 | |
Norfolk Southern Corporation | | | 4.84 | | | | 10-1-41 | | | | 335,000 | | | | 390,192 | |
Norfolk Southern Corporation | | | 5.59 | | | | 5-17-25 | | | | 53,000 | | | | 66,426 | |
Norfolk Southern Corporation | | | 5.75 | | | | 4-1-18 | | | | 1,100,000 | | | | 1,327,124 | |
Norfolk Southern Corporation | | | 5.90 | | | | 6-15-19 | | | | 65,000 | | | | 79,815 | |
Ryder System Incorporated | | | 2.50 | | | | 3-1-17 | | | | 200,000 | | | | 203,324 | |
Ryder System Incorporated | | | 3.15 | | | | 3-2-15 | | | | 115,000 | | | | 119,067 | |
Ryder System Incorporated | | | 3.50 | | | | 6-1-17 | | | | 200,000 | | | | 211,786 | |
Ryder System Incorporated | | | 5.85 | | | | 3-1-14 | | | | 300,000 | | | | 320,035 | |
Ryder System Incorporated | | | 5.85 | | | | 11-1-16 | | | | 250,000 | | | | 286,735 | |
Union Pacific Corporation | | | 4.00 | | | | 2-1-21 | | | | 500,000 | | | | 560,420 | |
Union Pacific Corporation | | | 4.16 | | | | 7-15-22 | | | | 437,000 | | | | 496,613 | |
Union Pacific Corporation | | | 4.88 | | | | 1-15-15 | | | | 360,000 | | | | 394,263 | |
Union Pacific Corporation | | | 5.78 | | | | 7-15-40 | | | | 300,000 | | | | 385,835 | |
Union Pacific Corporation | | | 6.15 | | | | 5-1-37 | | | | 40,000 | | | | 52,301 | |
Union Pacific Corporation | | | 6.63 | | | | 2-1-29 | | | | 600,000 | | | | 820,982 | |
| | | | |
| | | | | | | | | | | | | | | 16,425,875 | |
| | | | | | | | | | | | | | | | |
| | | | |
Information Technology: 1.14% | | | | | | | | | | | | | | | | |
| | | | |
| Communications Equipment: 0.17% | | | | | | | | | | | | | | | | |
Cisco Systems Incorporated | | | 2.90 | | | | 11-17-14 | | | | 350,000 | | | | 368,900 | |
Cisco Systems Incorporated | | | 3.15 | | | | 3-14-17 | | | | 1,000,000 | | | | 1,097,947 | |
Cisco Systems Incorporated | | | 4.45 | | | | 1-15-20 | | | | 850,000 | | | | 996,070 | |
Cisco Systems Incorporated | | | 4.95 | | | | 2-15-19 | | | | 600,000 | | | | 716,759 | |
Cisco Systems Incorporated | | | 5.50 | | | | 2-22-16 | | | | 775,000 | | | | 902,672 | |
Cisco Systems Incorporated | | | 5.50 | | | | 1-15-40 | | | | 700,000 | | | | 906,133 | |
Cisco Systems Incorporated | | | 5.90 | | | | 2-15-39 | | | | 800,000 | | | | 1,067,957 | |
Harris Corporation | | | 4.40 | | | | 12-15-20 | | | | 300,000 | | | | 328,193 | |
Harris Corporation | | | 5.95 | | | | 12-1-17 | | | | 400,000 | | | | 474,158 | |
Juniper Networks Incorporated | | | 3.10 | | | | 3-15-16 | | | | 250,000 | | | | 261,374 | |
Motorola Incorporated | | | 6.00 | | | | 11-15-17 | | | | 700,000 | | | | 819,196 | |
Motorola Incorporated | | | 7.50 | | | | 5-15-25 | | | | 120,000 | | | | 150,086 | |
| | | | |
| | | | | | | | | | | | | | | 8,089,445 | |
| | | | | | | | | | | | | | | | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 53 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Computers & Peripherals: 0.20% | | | | | | | | | | | | | | | | |
Dell Incorporated | | | 5.63 | % | | | 4-15-14 | | | $ | 500,000 | | | $ | 538,656 | |
Dell Incorporated | | | 5.88 | | | | 6-15-19 | | | | 550,000 | | | | 649,851 | |
Dell Incorporated | | | 6.50 | | | | 4-15-38 | | | | 100,000 | | | | 122,589 | |
Dell Incorporated | | | 7.10 | | | | 4-15-28 | | | | 450,000 | | | | 555,088 | |
Hewlett-Packard Company | | | 1.25 | | | | 9-13-13 | | | | 600,000 | | | | 601,651 | |
Hewlett-Packard Company | | | 2.60 | | | | 9-15-17 | | | | 1,000,000 | | | | 990,079 | |
Hewlett-Packard Company | | | 2.65 | | | | 6-1-16 | | | | 1,000,000 | | | | 1,015,209 | |
Hewlett-Packard Company | | | 3.00 | | | | 9-15-16 | | | | 500,000 | | | | 510,227 | |
Hewlett-Packard Company | | | 3.75 | | | | 12-1-20 | | | | 250,000 | | | | 245,588 | |
Hewlett-Packard Company | | | 4.30 | | | | 6-1-21 | | | | 500,000 | | | | 502,397 | |
Hewlett-Packard Company | | | 4.38 | | | | 9-15-21 | | | | 500,000 | | | | 500,069 | |
Hewlett-Packard Company | | | 4.65 | | | | 12-9-21 | | | | 500,000 | | | | 512,336 | |
Hewlett-Packard Company | | | 4.75 | | | | 6-2-14 | | | | 1,000,000 | | | | 1,055,059 | |
Hewlett-Packard Company | | | 5.40 | | | | 3-1-17 | | | | 500,000 | | | | 554,825 | |
Hewlett-Packard Company | | | 5.50 | | | | 3-1-18 | | | | 500,000 | | | | 559,763 | |
Hewlett-Packard Company | | | 6.00 | | | | 9-15-41 | | | | 475,000 | | | | 496,069 | |
Lexmark International Incorporated | | | 6.65 | | | | 6-1-18 | | | | 250,000 | | | | 264,166 | |
| | | | |
| | | | | | | | | | | | | | | 9,673,622 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Electronic Equipment, Instruments & Components: 0.06% | | | | | | | | | | | | | | | | |
Agilent Technologies Incorporated | | | 5.50 | | | | 9-14-15 | | | | 500,000 | | | | 559,933 | |
Agilent Technologies Incorporated | | | 6.50 | | | | 11-1-17 | | | | 260,000 | | | | 315,118 | |
Amphenol Corporation | | | 4.00 | | | | 2-1-22 | | | | 300,000 | | | | 316,402 | |
Amphenol Corporation | | | 4.75 | | | | 11-15-14 | | | | 150,000 | | | | 161,218 | |
Arrow Electronics Incorporated | | | 5.13 | | | | 3-1-21 | | | | 300,000 | | | | 322,897 | |
Arrow Electronics Incorporated | | | 6.00 | | | | 4-1-20 | | | | 100,000 | | | | 112,649 | |
Avnet Incorporated | | | 5.88 | | | | 6-15-20 | | | | 100,000 | | | | 111,128 | |
Avnet Incorporated | | | 6.63 | | | | 9-15-16 | | | | 300,000 | | | | 342,126 | |
Corning Incorporated | | | 4.25 | | | | 8-15-20 | | | | 250,000 | | | | 279,937 | |
Corning Incorporated | | | 5.75 | | | | 8-15-40 | | | | 150,000 | | | | 184,158 | |
Corning Incorporated | | | 6.63 | | | | 5-15-19 | | | | 20,000 | | | | 24,813 | |
| | | | |
| | | | | | | | | | | | | | | 2,730,379 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Internet Software & Services: 0.04% | | | | | | | | | | | | | | | | |
eBay Incorporated | | | 0.88 | | | | 10-15-13 | | | | 65,000 | | | | 65,407 | |
eBay Incorporated | | | 1.63 | | | | 10-15-15 | | | | 400,000 | | | | 413,070 | |
eBay Incorporated | | | 3.25 | | | | 10-15-20 | | | | 200,000 | | | | 215,035 | |
Google Incorporated | | | 2.13 | | | | 5-19-16 | | | | 500,000 | | | | 526,692 | |
Google Incorporated | | | 3.63 | | | | 5-19-21 | | | | 500,000 | | | | 562,339 | |
| | | | |
| | | | | | | | | | | | | | | 1,782,543 | |
| | | | | | | | | | | | | | | | |
| | | | |
| IT Services: 0.22% | | | | | | | | | | | | | | | | |
Western Union Company | | | 5.25 | | | | 4-1-20 | | | | 80,000 | | | | 93,105 | |
Western Union Company | | | 5.93 | | | | 10-1-16 | | | | 75,000 | | | | 88,612 | |
Western Union Company | | | 6.20 | | | | 11-17-36 | | | | 75,000 | | | | 86,318 | |
Western Union Company | | | 6.20 | | | | 6-21-40 | | | | 200,000 | | | | 239,017 | |
Western Union Company | | | 6.50 | | | | 2-26-14 | | | | 500,000 | | | | 541,412 | |
Computer Sciences Corporation Series WI | | | 6.50 | | | | 3-15-18 | | | | 150,000 | | | | 168,563 | |
Fiserv Incorporated | | | 4.75 | | | | 6-15-21 | | | | 500,000 | | | | 546,728 | |
| | | | |
| 54 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| IT Services (continued) | | | | | | | | | | | | | | | | |
Fiserv Incorporated | | | 6.80 | % | | | 11-20-17 | | | $ | 100,000 | | | $ | 119,604 | |
IBM Corporation | | | 0.55 | | | | 2-6-15 | | | | 1,000,000 | | | | 1,000,884 | |
IBM Corporation | | | 0.88 | | | | 10-31-14 | | | | 1,000,000 | | | | 1,008,481 | |
IBM Corporation | | | 1.88 | | | | 8-1-22 | | | | 150,000 | | | | 145,643 | |
IBM Corporation | | | 1.95 | | | | 7-22-16 | | | | 725,000 | | | | 757,251 | |
IBM Corporation | | | 4.00 | | | | 6-20-42 | | | | 500,000 | | | | 553,298 | |
IBM Corporation | | | 5.60 | | | | 11-30-39 | | | | 900,000 | | | | 1,219,171 | |
IBM Corporation | | | 5.70 | | | | 9-14-17 | | | | 1,000,000 | | | | 1,225,087 | |
IBM Corporation | | | 5.88 | | | | 11-29-32 | | | | 250,000 | | | | 346,911 | |
IBM Corporation | | | 7.00 | | | | 10-30-25 | | | | 300,000 | | | | 436,844 | |
IBM Corporation | | | 7.63 | | | | 10-15-18 | | | | 1,000,000 | | | | 1,353,216 | |
SAIC Incorporated | | | 4.45 | | | | 12-1-20 | | | | 500,000 | | | | 538,146 | |
SAIC Incorporated | | | 5.95 | | | | 12-1-40 | | | | 100,000 | | | | 115,555 | |
| | | | |
| | | | | | | | | | | | | | | 10,583,846 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Office Electronics: 0.07% | | | | | | | | | | | | | | | | |
Xerox Corporation | | | 2.95 | | | | 3-15-17 | | | | 1,000,000 | | | | 1,024,182 | |
Xerox Corporation | | | 4.25 | | | | 2-15-15 | | | | 500,000 | | | | 532,307 | |
Xerox Corporation | | | 5.63 | | | | 12-15-19 | | | | 200,000 | | | | 225,666 | |
Xerox Corporation | | | 6.35 | | | | 5-15-18 | | | | 150,000 | | | | 175,651 | |
Xerox Corporation | | | 6.40 | | | | 3-15-16 | | | | 500,000 | | | | 571,160 | |
Xerox Corporation | | | 6.75 | | | | 2-1-17 | | | | 250,000 | | | | 293,425 | |
Xerox Corporation | | | 6.75 | | | | 12-15-39 | | | | 100,000 | | | | 122,515 | |
Xerox Corporation | | | 8.25 | | | | 5-15-14 | | | | 570,000 | | | | 633,725 | |
| | | | |
| | | | | | | | | | | | | | | 3,578,631 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Semiconductors & Semiconductor Equipment: 0.11% | | | | | | | | | | | | | | | | |
Analog Devices Incorporated | | | 5.00 | | | | 7-1-14 | | | | 250,000 | | | | 269,978 | |
Applied Materials Incorporated | | | 2.65 | | | | 6-15-16 | | | | 500,000 | | | | 528,900 | |
Applied Materials Incorporated | | | 4.30 | | | | 6-15-21 | | | | 300,000 | | | | 340,202 | |
Applied Materials Incorporated | | | 5.85 | | | | 6-15-41 | | | | 200,000 | | | | 256,547 | |
Broadcom Corporation | | | 2.38 | | | | 11-1-15 | | | | 200,000 | | | | 209,831 | |
Broadcom Corporation 144A | | | 2.50 | | | | 8-15-22 | | | | 250,000 | | | | 249,933 | |
Intel Corporation | | | 1.95 | | | | 10-1-16 | | | | 600,000 | | | | 629,963 | |
Intel Corporation | | | 3.30 | | | | 10-1-21 | | | | 847,000 | | | | 921,544 | |
Intel Corporation | | | 4.80 | | | | 10-1-41 | | | | 643,000 | | | | 767,521 | |
KLA Tencor Corporation | | | 6.90 | | | | 5-1-18 | | | | 300,000 | | | | 360,696 | |
National Semiconductor Corporation | | | 3.95 | | | | 4-15-15 | | | | 350,000 | | | | 378,940 | |
Texas Instruments Incorporated | | | 0.45 | | | | 8-3-15 | | | | 100,000 | | | | 99,588 | |
Texas Instruments Incorporated | | | 1.38 | | | | 5-15-14 | | | | 500,000 | | | | 508,227 | |
| | | | |
| | | | | | | | | | | | | | | 5,521,870 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Software: 0.27% | | | | | | | | | | | | | | | | |
Adobe Systems Incorporated | | | 3.25 | | | | 2-1-15 | | | | 100,000 | | | | 105,468 | |
Adobe Systems Incorporated | | | 4.75 | | | | 2-1-20 | | | | 325,000 | | | | 365,886 | |
BMC Software Incorporated | | | 4.25 | | | | 2-15-22 | | | | 45,000 | | | | 45,866 | |
CA Incorporated | | | 5.38 | | | | 12-1-19 | | | | 500,000 | | | | 574,145 | |
CA Incorporated | | | 6.13 | | | | 12-1-14 | | | | 500,000 | | | | 547,425 | |
Dun & Bradstreet Corporation | | | 2.88 | | | | 11-15-15 | | | | 115,000 | | | | 118,119 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 55 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Software (continued) | | | | | | | | | | | | | | | | |
Intuit Incorporated | | | 5.75 | % | | | 3-15-17 | | | $ | 200,000 | | | $ | 231,982 | |
Microsoft Corporation | | | 1.63 | | | | 9-25-15 | | | | 1,000,000 | | | | 1,037,348 | |
Microsoft Corporation | | | 2.95 | | | | 6-1-14 | | | | 890,000 | | | | 930,046 | |
Microsoft Corporation | | | 3.00 | | | | 10-1-20 | | | | 400,000 | | | | 439,591 | |
Microsoft Corporation | | | 4.00 | | | | 2-8-21 | | | | 500,000 | | | | 585,474 | |
Microsoft Corporation | | | 4.20 | | | | 6-1-19 | | | | 175,000 | | | | 205,861 | |
Microsoft Corporation | | | 4.50 | | | | 10-1-40 | | | | 500,000 | | | | 601,412 | |
Microsoft Corporation | | | 5.20 | | | | 6-1-39 | | | | 110,000 | | | | 144,446 | |
Microsoft Corporation | | | 5.30 | | | | 2-8-41 | | | | 500,000 | | | | 669,337 | |
Oracle Corporation | | | 3.75 | | | | 7-8-14 | | | | 500,000 | | | | 530,865 | |
Oracle Corporation | | | 3.88 | | | | 7-15-20 | | | | 350,000 | | | | 400,150 | |
Oracle Corporation | | | 5.00 | | | | 7-8-19 | | | | 600,000 | | | | 724,170 | |
Oracle Corporation | | | 5.25 | | | | 1-15-16 | | | | 850,000 | | | | 978,660 | |
Oracle Corporation | | | 5.38 | | | | 7-15-40 | | | | 1,350,000 | | | | 1,733,766 | |
Oracle Corporation | | | 5.75 | | | | 4-15-18 | | | | 500,000 | | | | 618,040 | |
Oracle Corporation | | | 6.13 | | | | 7-8-39 | | | | 200,000 | | | | 275,451 | |
Oracle Corporation | | | 6.50 | | | | 4-15-38 | | | | 250,000 | | | | 356,947 | |
Symantec Corporation | | | 3.95 | | | | 6-15-22 | | | | 200,000 | | | | 202,968 | |
Symantec Corporation | | | 4.20 | | | | 9-15-20 | | | | 300,000 | | | | 312,387 | |
| | | | |
| | | | | | | | | | | | | | | 12,735,810 | |
| | | | | | | | | | | | | | | | |
| | | | |
Materials: 0.82% | | | | | | | | | | | | | | | | |
| | | | |
| Chemicals: 0.41% | | | | | | | | | | | | | | | | |
Air Products & Chemicals Incorporated | | | 2.00 | | | | 8-2-16 | | | | 55,000 | | | | 57,245 | |
Air Products & Chemicals Incorporated | | | 4.38 | | | | 8-21-19 | | | | 150,000 | | | | 172,192 | |
Airgas Incorporated | | | 2.85 | | | | 10-1-13 | | | | 300,000 | | | | 306,282 | |
Albemarle Corporation | | | 4.50 | | | | 12-15-20 | | | | 300,000 | | | | 333,840 | |
Cabot Corporation | | | 5.00 | | | | 10-1-16 | | | | 100,000 | | | | 111,323 | |
Cytec Industries Incorporated | | | 6.00 | | | | 10-1-15 | | | | 250,000 | | | | 274,194 | |
Dow Chemical Company | | | 2.50 | | | | 2-15-16 | | | | 125,000 | | | | 130,109 | |
Dow Chemical Company | | | 4.25 | | | | 11-15-20 | | | | 575,000 | | | | 633,289 | |
Dow Chemical Company | | | 5.90 | | | | 2-15-15 | | | | 500,000 | | | | 558,007 | |
Dow Chemical Company | | | 7.38 | | | | 11-1-29 | | | | 600,000 | | | | 814,568 | |
Dow Chemical Company | | | 7.60 | | | | 5-15-14 | | | | 685,000 | | | | 760,167 | |
Dow Chemical Company | | | 8.55 | | | | 5-15-19 | | | | 1,655,000 | | | | 2,235,165 | |
Dow Chemical Company | | | 9.40 | | | | 5-15-39 | | | | 385,000 | | | | 629,302 | |
E.I. du Pont de Nemours & Company | | | 2.75 | | | | 4-1-16 | | | | 500,000 | | | | 533,299 | |
E.I. du Pont de Nemours & Company | | | 3.25 | | | | 1-15-15 | | | | 700,000 | | | | 744,340 | |
E.I. du Pont de Nemours & Company | | | 3.63 | | | | 1-15-21 | | | | 500,000 | | | | 556,825 | |
E.I. du Pont de Nemours & Company | | | 4.50 | | | | 8-15-19 | | | | 400,000 | | | | 465,033 | |
E.I. du Pont de Nemours & Company | | | 4.63 | | | | 1-15-20 | | | | 200,000 | | | | 235,408 | |
E.I. du Pont de Nemours & Company | | | 4.88 | | | | 4-30-14 | | | | 565,000 | | | | 605,486 | |
E.I. du Pont de Nemours & Company | | | 4.90 | | | | 1-15-41 | | | | 300,000 | | | | 371,642 | |
E.I. du Pont de Nemours & Company | | | 5.25 | | | | 12-15-16 | | | | 250,000 | | | | 294,548 | |
E.I. du Pont de Nemours & Company | | | 5.60 | | | | 12-15-36 | | | | 25,000 | | | | 32,775 | |
E.I. du Pont de Nemours & Company | | | 6.00 | | | | 7-15-18 | | | | 625,000 | | | | 786,432 | |
E.I. du Pont de Nemours & Company | | | 6.50 | | | | 1-15-28 | | | | 250,000 | | | | 340,100 | |
Eastman Chemical Company | | | 3.60 | | | | 8-15-22 | | | | 300,000 | | | | 315,714 | |
Eastman Chemical Company | | | 4.50 | | | | 1-15-21 | | | | 500,000 | | | | 556,122 | |
| | | | |
| 56 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Chemicals (continued) | | | | | | | | | | | | | | | | |
Eastman Chemical Company | | | 4.80 | % | | | 9-1-42 | | | $ | 200,000 | | | $ | 219,202 | |
Ecolab Incorporated | | | 1.00 | | | | 8-9-15 | | | | 94,000 | | | | 94,371 | |
Ecolab Incorporated | | | 2.38 | | | | 12-8-14 | | | | 250,000 | | | | 259,365 | |
Ecolab Incorporated | | | 3.00 | | | | 12-8-16 | | | | 500,000 | | | | 536,083 | |
Ecolab Incorporated | | | 4.35 | | | | 12-8-21 | | | | 500,000 | | | | 569,213 | |
Ecolab Incorporated | | | 5.50 | | | | 12-8-41 | | | | 300,000 | | | | 376,802 | |
FMC Corporation | | | 3.95 | | | | 2-1-22 | | | | 125,000 | | | | 133,381 | |
Lubrizol Corporation | | | 5.50 | | | | 10-1-14 | | | | 65,000 | | | | 71,472 | |
Lubrizol Corporation | | | 8.88 | | | | 2-1-19 | | | | 250,000 | | | | 348,728 | |
Monsanto Company | | | 2.75 | | | | 4-15-16 | | | | 200,000 | | | | 213,969 | |
Monsanto Company | | | 5.13 | | | | 4-15-18 | | | | 500,000 | | | | 598,534 | |
Monsanto Company | | | 5.50 | | | | 8-15-25 | | | | 100,000 | | | | 127,850 | |
Mosaic Company | | | 3.75 | | | | 11-15-21 | | | | 115,000 | | | | 123,285 | |
PPG Industries Incorporated | | | 1.90 | | | | 1-15-16 | | | | 50,000 | | | | 51,425 | |
PPG Industries Incorporated | | | 3.60 | | | | 11-15-20 | | | | 100,000 | | | | 107,312 | |
PPG Industries Incorporated | | | 5.50 | | | | 11-15-40 | | | | 150,000 | | | | 184,723 | |
PPG Industries Incorporated | | | 6.65 | | | | 3-15-18 | | | | 300,000 | | | | 369,392 | |
PPG Industries Incorporated | | | 7.70 | | | | 3-15-38 | | | | 250,000 | | | | 382,196 | |
Praxair Incorporated | | | 2.20 | | | | 8-15-22 | | | | 250,000 | | | | 247,940 | |
Praxair Incorporated | | | 4.05 | | | | 3-15-21 | | | | 200,000 | | | | 224,435 | |
Praxair Incorporated | | | 5.20 | | | | 3-15-17 | | | | 50,000 | | | | 58,679 | |
Praxair Incorporated | | | 5.25 | | | | 11-15-14 | | | | 200,000 | | | | 219,626 | |
Praxair Incorporated | | | 5.38 | | | | 11-1-16 | | | | 75,000 | | | | 88,103 | |
RPM International Incorporated | | | 6.13 | | | | 10-15-19 | | | | 200,000 | | | | 232,463 | |
RPM International Incorporated | | | 6.50 | | | | 2-15-18 | | | | 250,000 | | | | 289,774 | |
Sherwin-Williams Company | | | 3.13 | | | | 12-15-14 | | | | 250,000 | | | | 263,204 | |
Valspar Corporation | | | 4.20 | | | | 1-15-22 | | | | 100,000 | | | | 107,006 | |
Valspar Corporation | | | 7.25 | | | | 6-15-19 | | | | 100,000 | | | | 123,368 | |
Westlake Chemical Corporation | | | 3.60 | | | | 7-15-22 | | | | 29,000 | | | | 28,992 | |
| | | | |
| | | | | | | | | | | | | | | 19,504,300 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Construction Materials: 0.00% | | | | | | | | | | | | | | | | |
Martin Marietta Materials Incorporated | | | 6.60 | | | | 4-15-18 | | | | 125,000 | | | | 138,675 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Containers & Packaging: 0.02% | | | | | | | | | | | | | | | | |
Bemis Company Incorporated | | | 5.65 | | | | 8-1-14 | | | | 515,000 | | | | 558,712 | |
Bemis Company Incorporated | | | 6.80 | | | | 8-1-19 | | | | 10,000 | | | | 12,142 | |
Packaging Corporation of America | | | 3.90 | | | | 6-15-22 | | | | 200,000 | | | | 207,040 | |
| | | | |
| | | | | | | | | | | | | | | 777,894 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Metals & Mining: 0.28% | | | | | | | | | | | | | | | | |
Alcoa Incorporated | | | 5.40 | | | | 4-15-21 | | | | 500,000 | | | | 516,544 | |
Alcoa Incorporated | | | 5.55 | | | | 2-1-17 | | | | 25,000 | | | | 27,738 | |
Alcoa Incorporated | | | 5.72 | | | | 2-23-19 | | | | 350,000 | | | | 375,477 | |
Alcoa Incorporated | | | 5.87 | | | | 2-23-22 | | | | 500,000 | | | | 530,419 | |
Alcoa Incorporated | | | 5.90 | | | | 2-1-27 | | | | 300,000 | | | | 309,008 | |
Alcoa Incorporated | | | 5.95 | | | | 2-1-37 | | | | 158,000 | | | | 157,868 | |
Alcoa Incorporated | | | 6.75 | | | | 7-15-18 | | | | 50,000 | | | | 57,022 | |
Alcoa Incorporated | | | 6.75 | | | | 1-15-28 | | | | 75,000 | | | | 81,326 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 57 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Metals & Mining (continued) | | | | | | | | | | | | | | | | |
Allegheny Technologies Incorporated | | | 5.95 | % | | | 1-15-21 | | | $ | 50,000 | | | $ | 54,626 | |
Allegheny Technologies Incorporated | | | 9.38 | | | | 6-1-19 | | | | 150,000 | | | | 193,555 | |
ArcelorMittal SA | | | 4.00 | | | | 2-25-15 | | | | 500,000 | | | | 495,000 | |
ArcelorMittal SA | | | 6.50 | | | | 2-25-22 | | | | 550,000 | | | | 534,521 | |
Barrick Gold Corporation | | | 1.75 | | | | 5-30-14 | | | | 60,000 | | | | 60,971 | |
Barrick Gold Corporation | | | 2.90 | | | | 5-30-16 | | | | 400,000 | | | | 421,012 | |
Barrick Gold Corporation | | | 6.95 | | | | 4-1-19 | | | | 300,000 | | | | 373,148 | |
Cliffs Natural Resources | | | 4.80 | | | | 10-1-20 | | | | 255,000 | | | | 250,759 | |
Cliffs Natural Resources | | | 6.25 | | | | 10-1-40 | | | | 420,000 | | | | 402,023 | |
Freeport-McMoRan Copper & Gold Incorporated | | | 1.40 | | | | 2-13-15 | | | | 200,000 | | | | 200,823 | |
Freeport-McMoRan Copper & Gold Incorporated | | | 3.55 | | | | 3-1-22 | | | | 1,000,000 | | | | 994,179 | |
Newmont Mining Corporation | | | 3.50 | | | | 3-15-22 | | | | 500,000 | | | | 505,031 | |
Newmont Mining Corporation | | | 4.88 | | | | 3-15-42 | | | | 500,000 | | | | 513,294 | |
Newmont Mining Corporation | | | 5.13 | | | | 10-1-19 | | | | 475,000 | | | | 543,640 | |
Newmont Mining Corporation | | | 6.25 | | | | 10-1-39 | | | | 475,000 | | | | 570,064 | |
Nucor Corporation | | | 5.75 | | | | 12-1-17 | | | | 500,000 | | | | 608,499 | |
Nucor Corporation | | | 5.85 | | | | 6-1-18 | | | | 150,000 | | | | 181,298 | |
Nucor Corporation | | | 6.40 | | | | 12-1-37 | | | | 200,000 | | | | 280,386 | |
Rio Tinto Alcan Incorporated | | | 5.00 | | | | 6-1-15 | | | | 180,000 | | | | 198,646 | |
Rio Tinto Alcan Incorporated | | | 6.13 | | | | 12-15-33 | | | | 600,000 | | | | 780,842 | |
Rio Tinto Alcan Incorporated | | | 7.13 | | | | 7-15-28 | | | | 500,000 | | | | 678,159 | |
Southern Copper Corporation | | | 5.38 | | | | 4-16-20 | | | | 90,000 | | | | 101,167 | |
Southern Copper Corporation | | | 6.75 | | | | 4-16-40 | | | | 440,000 | | | | 512,313 | |
Southern Copper Corporation | | | 7.50 | | | | 7-27-35 | | | | 600,000 | | | | 745,483 | |
Teck Resources Limited Company | | | 3.00 | | | | 3-1-19 | | | | 1,000,000 | | | | 1,008,646 | |
Teck Resources Limited Company | | | 3.15 | | | | 1-15-17 | | | | 250,000 | | | | 258,623 | |
| | | | |
| | | | | | | | | | | | | | | 13,522,110 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Paper & Forest Products: 0.11% | | | | | | | | | | | | | | | | |
Domtar Corporation | | | 4.40 | | | | 4-1-22 | | | | 500,000 | | | | 504,460 | |
Georgia-Pacific LLC | | | 8.88 | | | | 5-15-31 | | | | 500,000 | | | | 726,742 | |
International Paper Company | | | 4.75 | | | | 2-15-22 | | | | 75,000 | | | | 84,431 | |
International Paper Company | | | 5.30 | | | | 4-1-15 | | | | 430,000 | | | | 471,911 | |
International Paper Company | | | 6.00 | | | | 11-15-41 | | | | 535,000 | | | | 638,564 | |
International Paper Company | | | 7.30 | | | | 11-15-39 | | | | 250,000 | | | | 332,387 | |
International Paper Company | | | 7.50 | | | | 8-15-21 | | | | 450,000 | | | | 585,834 | |
International Paper Company | | | 7.95 | | | | 6-15-18 | | | | 1,000,000 | | | | 1,290,512 | |
MeadWestvaco Corporation | | | 7.95 | | | | 2-15-31 | | | | 50,000 | | | | 64,868 | |
Plum Creek Timberlands LP | | | 4.70 | | | | 3-15-21 | | | | 500,000 | | | | 532,391 | |
| | | | |
| | | | | | | | | | | | | | | 5,232,100 | |
| | | | | | | | | | | | | | | | |
| | | | |
Telecommunication Services: 0.95% | | | | | | | | | | | | | | | | |
| | | | |
| Diversified Telecommunication Services: 0.95% | | | | | | | | | | | | | | | | |
Alltel Corporation | | | 7.88 | | | | 7-1-32 | | | | 350,000 | | | | 556,888 | |
AT&T Incorporated | | | 0.88 | | | | 2-13-15 | | | | 500,000 | | | | 504,194 | |
AT&T Incorporated | | | 1.60 | | | | 2-15-17 | | | | 500,000 | | | | 512,715 | |
AT&T Incorporated | | | 2.40 | | | | 8-15-16 | | | | 70,000 | | | | 74,105 | |
AT&T Incorporated | | | 2.50 | | | | 8-15-15 | | | | 500,000 | | | | 526,263 | |
AT&T Incorporated | | | 2.95 | | | | 5-15-16 | | | | 1,150,000 | | | | 1,238,319 | |
| | | | |
| 58 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Diversified Telecommunication Services (continued) | | | | | | | | | | | | | | | | |
AT&T Incorporated | | | 3.00 | % | | | 2-15-22 | | | $ | 1,000,000 | | | $ | 1,051,882 | |
AT&T Incorporated | | | 3.88 | | | | 8-15-21 | | | | 45,000 | | | | 50,648 | |
AT&T Incorporated | | | 4.45 | | | | 5-15-21 | | | | 650,000 | | | | 763,255 | |
AT&T Incorporated | | | 5.10 | | | | 9-15-14 | | | | 1,075,000 | | | | 1,171,124 | |
AT&T Incorporated | | | 5.35 | | | | 9-1-40 | | | | 2,372,000 | | | | 2,851,267 | |
AT&T Incorporated | | | 5.50 | | | | 2-1-18 | | | | 1,000,000 | | | | 1,211,279 | |
AT&T Incorporated | | | 5.55 | | | | 8-15-41 | | | | 60,000 | | | | 74,710 | |
AT&T Incorporated | | | 5.60 | | | | 5-15-18 | | | | 500,000 | | | | 613,477 | |
AT&T Incorporated | | | 5.80 | | | | 2-15-19 | | | | 300,000 | | | | 371,583 | |
AT&T Incorporated | | | 6.15 | | | | 9-15-34 | | | | 500,000 | | | | 635,332 | |
AT&T Incorporated | | | 6.30 | | | | 1-15-38 | | | | 1,500,000 | | | | 1,958,703 | |
AT&T Incorporated | | | 6.50 | | | | 9-1-37 | | | | 570,000 | | | | 758,128 | |
AT&T Incorporated | | | 6.55 | | | | 2-15-39 | | | | 800,000 | | | | 1,075,515 | |
AT&T Incorporated | | | 7.13 | | | | 12-15-31 | | | | 1,100,000 | | | | 1,539,204 | |
AT&T Incorporated | | | 8.00 | | | | 11-15-31 | | | | 536,000 | | | | 830,350 | |
AT&T Incorporated | | | 8.75 | | | | 3-1-31 | | | | 1,000,000 | | | | 1,597,479 | |
BellSouth Corporation | | | 5.20 | | | | 9-15-14 | | | | 325,000 | | | | 353,680 | |
BellSouth Corporation | | | 6.00 | | | | 11-15-34 | | | | 180,000 | | | | 209,116 | |
BellSouth Corporation | | | 6.55 | | | | 6-15-34 | | | | 180,000 | | | | 219,306 | |
CenturyLink Incorporated | | | 5.80 | | | | 3-15-22 | | | | 2,000,000 | | | | 2,143,058 | |
CenturyLink Incorporated | | | 6.45 | | | | 6-15-21 | | | | 800,000 | | | | 893,371 | |
CenturyTelephone Incorporated | | | 5.00 | | | | 2-15-15 | | | | 100,000 | | | | 105,902 | |
CenturyTelephone Incorporated | | | 6.00 | | | | 4-1-17 | | | | 740,000 | | | | 811,482 | |
Embarq Corporation | | | 8.00 | | | | 6-1-36 | | | | 1,500,000 | | | | 1,660,866 | |
France Telecom | | | 5.38 | | | | 1-13-42 | | | | 500,000 | | | | 581,163 | |
Qwest Corporation | | | 6.88 | | | | 9-15-33 | | | | 300,000 | | | | 302,265 | |
Qwest Corporation | | | 7.13 | | | | 4-1-18 | | | | 500,000 | | | | 531,750 | |
SBC Communications Incorporated | | | 5.63 | | | | 6-15-16 | | | | 350,000 | | | | 410,627 | |
Verizon Communications Incorporated | | | 1.95 | | | | 3-28-14 | | | | 1,000,000 | | | | 1,023,655 | |
Verizon Communications Incorporated | | | 3.00 | | | | 4-1-16 | | | | 500,000 | | | | 538,943 | |
Verizon Communications Incorporated | | | 3.50 | | | | 11-1-21 | | | | 2,000,000 | | | | 2,201,712 | |
Verizon Communications Incorporated | | | 4.75 | | | | 11-1-41 | | | | 500,000 | | | | 570,187 | |
Verizon Communications Incorporated | | | 4.90 | | | | 9-15-15 | | | | 325,000 | | | | 365,338 | |
Verizon Communications Incorporated | | | 5.50 | | | | 2-15-18 | | | | 1,000,000 | | | | 1,218,016 | |
Verizon Communications Incorporated | | | 5.85 | | | | 9-15-35 | | | | 600,000 | | | | 765,368 | |
Verizon Communications Incorporated | | | 6.25 | | | | 4-1-37 | | | | 250,000 | | | | 331,972 | |
Verizon Communications Incorporated | | | 6.35 | | | | 4-1-19 | | | | 1,000,000 | | | | 1,276,932 | |
Verizon Communications Incorporated | | | 6.90 | | | | 4-15-38 | | | | 500,000 | | | | 709,926 | |
Verizon Communications Incorporated | | | 7.35 | | | | 4-1-39 | | | | 850,000 | | | | 1,267,855 | |
Verizon Communications Incorporated | | | 7.75 | | | | 12-1-30 | | | | 850,000 | | | | 1,258,928 | |
Verizon Communications Incorporated | | | 8.75 | | | | 11-1-18 | | | | 1,550,000 | | | | 2,174,374 | |
Verizon Communications Incorporated | | | 8.95 | | | | 3-1-39 | | | | 500,000 | | | | 873,085 | |
Verizon Wireless Capital LLC | | | 5.55 | | | | 2-1-14 | | | | 1,500,000 | | | | 1,599,222 | |
Verizon Wireless Capital LLC | | | 7.38 | | | | 11-15-13 | | | | 250,000 | | | | 269,834 | |
Verizon Wireless Capital LLC | | | 8.50 | | | | 11-15-18 | | | | 500,000 | | | | 699,603 | |
| | | | |
| | | | | | | | | | | | | | | 45,333,956 | |
| | | | | | | | | | | | | | | | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 59 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Utilities: 1.95% | | | | | | | | | | | | | | | | |
| | | | |
| Electric Utilities: 1.54% | | | | | | | | | | | | | | | | |
Alabama Power Company | | | 5.50 | % | | | 3-15-41 | | | $ | 65,000 | | | $ | 86,120 | |
Alabama Power Company | | | 6.00 | | | | 3-1-39 | | | | 500,000 | | | | 682,042 | |
Alabama Power Company | | | 6.13 | | | | 5-15-38 | | | | 105,000 | | | | 144,684 | |
Ameren Corporation | | | 8.88 | | | | 5-15-14 | | | | 250,000 | | | | 277,247 | |
Ameren Illinois Company | | | 6.13 | | | | 11-15-17 | | | | 100,000 | | | | 117,900 | |
Appalachian Power Company | | | 5.80 | | | | 10-1-35 | | | | 315,000 | | | | 383,377 | |
Appalachian Power Company | | | 6.38 | | | | 4-1-36 | | | | 300,000 | | | | 383,461 | |
Appalachian Power Company | | | 7.00 | | | | 4-1-38 | | | | 600,000 | | | | 831,520 | |
Appalachian Power Company | | | 7.95 | | | | 1-15-20 | | | | 250,000 | | | | 337,583 | |
Arizona Public Service Company | | | 4.50 | | | | 4-1-42 | | | | 100,000 | | | | 111,487 | |
Arizona Public Service Company | | | 8.75 | | | | 3-1-19 | | | | 500,000 | | | | 662,997 | |
Atlantic City Electric Company | | | 7.75 | | | | 11-15-18 | | | | 65,000 | | | | 84,750 | |
Baltimore Gas & Electric Company | | | 3.50 | | | | 11-15-21 | | | | 500,000 | | | | 538,562 | |
Carolina Power & Light Company | | | 5.25 | | | | 12-15-15 | | | | 180,000 | | | | 205,568 | |
Carolina Power & Light Company | | | 5.30 | | | | 1-15-19 | | | | 500,000 | | | | 604,918 | |
Centerpoint Energy Houston | | | 2.25 | | | | 8-1-22 | | | | 300,000 | | | | 300,981 | |
Centerpoint Energy Houston | | | 3.55 | | | | 8-1-42 | | | | 250,000 | | | | 251,562 | |
Centerpoint Energy Houston Series K | | | 6.95 | | | | 3-15-33 | | | | 250,000 | | | | 365,842 | |
Cleco Power LLC | | | 6.00 | | | | 12-1-40 | | | | 300,000 | | | | 357,631 | |
Cleveland Electric Illuminating Company | | | 5.70 | | | | 4-1-17 | | | | 200,000 | | | | 225,324 | |
Cleveland Electric Illuminating Company | | | 5.95 | | | | 12-15-36 | | | | 500,000 | | | | 589,397 | |
Columbus Southern Power Company | | | 6.05 | | | | 5-1-18 | | | | 200,000 | | | | 242,096 | |
Commonwealth Edison Company | | | 1.63 | | | | 1-15-14 | | | | 500,000 | | | | 507,072 | |
Commonwealth Edison Company | | | 4.70 | | | | 4-15-15 | | | | 250,000 | | | | 273,124 | |
Commonwealth Edison Company | | | 5.80 | | | | 3-15-18 | | | | 500,000 | | | | 611,716 | |
Commonwealth Edison Company | | | 5.90 | | | | 3-15-36 | | | | 250,000 | | | | 335,612 | |
Commonwealth Edison Company Series 100 | | | 5.88 | | | | 2-1-33 | | | | 65,000 | | | | 85,611 | |
Connecticut Light & Power Company | | | 5.65 | | | | 5-1-18 | | | | 100,000 | | | | 119,220 | |
Connecticut Light & Power Company | | | 6.35 | | | | 6-1-36 | | | | 200,000 | | | | 281,005 | |
Consolidated Edison Company of New York Incorporated | | | 6.65 | | | | 4-1-19 | | | | 500,000 | | | | 645,913 | |
Consolidated Edison Company of New York Incorporated | | | 7.13 | | | | 12-1-18 | | | | 200,000 | | | | 262,370 | |
Consolidated Edison Company of New York Incorporated Series 06-C | | | 5.50 | | | | 9-15-16 | | | | 100,000 | | | | 116,705 | |
Consolidated Edison Company of New York Incorporated Series 06-D | | | 5.30 | | | | 12-1-16 | | | | 50,000 | | | | 58,254 | |
Consolidated Edison Company of New York Incorporated Series 06-E | | | 5.70 | | | | 12-1-36 | | | | 250,000 | | | | 332,640 | |
Consolidated Edison Company of New York Incorporated Series 07-A | | | 6.30 | | | | 8-15-37 | | | | 250,000 | | | | 360,172 | |
Consolidated Edison Company of New York Incorporated Series 08-A | | | 5.85 | | | | 4-1-18 | | | | 100,000 | | | | 123,864 | |
Consolidated Edison Company of New York Incorporated Series 08-B | | | 6.75 | | | | 4-1-38 | | | | 300,000 | | | | 453,339 | |
Consolidated Edison Company of New York Incorporated Series 09-C | | | 5.50 | | | | 12-1-39 | | | | 600,000 | | | | 789,775 | |
Consumers Energy Company | | | 5.65 | | | | 9-15-18 | | | | 150,000 | | | | 182,422 | |
Consumers Energy Company | | | 6.70 | | | | 9-15-19 | | | | 500,000 | | | | 651,277 | |
Delmarva Power & Light Company | | | 4.00 | | | | 6-1-42 | | | | 200,000 | | | | 215,444 | |
Detroit Edison Company | | | 2.65 | | | | 6-15-22 | | | | 100,000 | | | | 103,464 | |
Detroit Edison Company | | | 3.45 | | | | 10-1-20 | | | | 500,000 | | | | 549,742 | |
Dominion Resources Incorporated | | | 7.00 | | | | 6-15-38 | | | | 500,000 | | | | 728,750 | |
Duke Energy Carolinas LLC | | | 1.75 | | | | 12-15-16 | | | | 750,000 | | | | 777,218 | |
Duke Energy Carolinas LLC | | | 4.25 | | | | 12-15-41 | | | | 500,000 | | | | 548,321 | |
Duke Energy Carolinas LLC | | | 5.75 | | | | 11-15-13 | | | | 150,000 | | | | 159,384 | |
Duke Energy Carolinas LLC Series C | | | 7.00 | | | | 11-15-18 | | | | 100,000 | | | | 129,770 | |
| | | | |
| 60 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Electric Utilities (continued) | | | | | | | | | | | | | | | | |
Duke Energy Corporation | | | 3.35 | % | | | 4-1-15 | | | $ | 750,000 | | | $ | 792,770 | |
Duke Energy Corporation | | | 3.95 | | | | 9-15-14 | | | | 300,000 | | | | 318,519 | |
Duke Energy Corporation | | | 6.30 | | | | 2-1-14 | | | | 450,000 | | | | 484,267 | |
Duke Energy Corporation | | | 6.45 | | | | 10-15-32 | | | | 375,000 | | | | 500,714 | |
Duke Energy Indiana Incorporated | | | 3.75 | | | | 7-15-20 | | | | 500,000 | | | | 552,862 | |
Duke Energy Indiana Incorporated | | | 6.35 | | | | 8-15-38 | | | | 750,000 | | | | 1,051,855 | |
Duke Energy Indiana Incorporated | | | 6.45 | | | | 4-1-39 | | | | 65,000 | | | | 92,736 | |
Duke Energy Ohio Incorporated | | | 5.45 | | | | 4-1-19 | | | | 250,000 | | | | 302,795 | |
Energy East Corporation | | | 6.75 | | | | 7-15-36 | | | | 500,000 | | | | 488,032 | |
Entergy Corporation | | | 3.63 | | | | 9-15-15 | | | | 200,000 | | | | 208,935 | |
Entergy Corporation | | | 4.70 | | | | 1-15-17 | | | | 250,000 | | | | 269,535 | |
Entergy Corporation | | | 5.13 | | | | 9-15-20 | | | | 250,000 | | | | 269,088 | |
Entergy Gulf States Louisiana LLC | | | 5.59 | | | | 10-1-24 | | | | 120,000 | | | | 140,598 | |
Entergy Gulf States Louisiana LLC | | | 6.00 | | | | 5-1-18 | | | | 100,000 | | | | 116,829 | |
Entergy Louisiana LLC | | | 1.88 | | | | 12-15-14 | | | | 130,000 | | | | 133,507 | |
Entergy Louisiana LLC | | | 5.40 | | | | 11-1-24 | | | | 250,000 | | | | 309,190 | |
Entergy Texas Incorporated | | | 7.13 | | | | 2-1-19 | | | | 200,000 | | | | 245,725 | |
Exelon Corporation | | | 4.90 | | | | 6-15-15 | | | | 375,000 | | | | 410,669 | |
Exelon Corporation | | | 5.63 | | | | 6-15-35 | | | | 365,000 | | | | 419,916 | |
Exelon Generation Company LLC | | | 5.20 | | | | 10-1-19 | | | | 500,000 | | | | 564,395 | |
Exelon Generation Company LLC 144A | | | 5.60 | | | | 6-15-42 | | | | 605,000 | | | | 655,328 | |
Exelon Generation Company LLC | | | 6.25 | | | | 10-1-39 | | | | 500,000 | | | | 579,323 | |
FirstEnergy Corporation Series C | | | 7.38 | | | | 11-15-31 | | | | 430,000 | | | | 567,420 | |
FirstEnergy Solutions Company | | | 4.80 | | | | 2-15-15 | | | | 200,000 | | | | 213,559 | |
FirstEnergy Solutions Company | | | 6.05 | | | | 8-15-21 | | | | 1,240,000 | | | | 1,379,879 | |
FirstEnergy Solutions Company | | | 6.80 | | | | 8-15-39 | | | | 164,000 | | | | 176,663 | |
Florida Power & Light Company | | | 4.13 | | | | 2-1-42 | | | | 300,000 | | | | 336,860 | |
Florida Power & Light Company | | | 5.25 | | | | 2-1-41 | | | | 200,000 | | | | 260,258 | |
Florida Power & Light Company | | | 5.63 | | | | 4-1-34 | | | | 150,000 | | | | 196,466 | |
Florida Power & Light Company | | | 5.65 | | | | 2-1-37 | | | | 380,000 | | | | 505,332 | |
Florida Power & Light Company | | | 5.69 | | | | 3-1-40 | | | | 585,000 | | | | 796,489 | |
Florida Power & Light Company | | | 5.85 | | | | 5-1-37 | | | | 100,000 | | | | 136,440 | |
Florida Power & Light Company | | | 5.95 | | | | 2-1-38 | | | | 50,000 | | | | 69,389 | |
Florida Power & Light Company | | | 6.20 | | | | 6-1-36 | | | | 500,000 | | | | 700,653 | |
Florida Power Corporation | | | 5.65 | | | | 6-15-18 | | | | 300,000 | | | | 365,409 | |
Florida Power Corporation | | | 5.65 | | | | 4-1-40 | | | | 125,000 | | | | 164,140 | |
Florida Power Corporation | | | 5.80 | | | | 9-15-17 | | | | 200,000 | | | | 240,584 | |
Florida Power Corporation | | | 6.40 | | | | 6-15-38 | | | | 500,000 | | | | 703,479 | |
FPL Group Capital Incorporated | | | 2.55 | | | | 11-15-13 | | | | 100,000 | | | | 101,941 | |
FPL Group Capital Incorporated | | | 6.00 | | | | 3-1-19 | | | | 750,000 | | | | 891,298 | |
Georgia Power Company | | | 1.30 | | | | 9-15-13 | | | | 500,000 | | | | 504,198 | |
Georgia Power Company | | | 4.25 | | | | 12-1-19 | | | | 375,000 | | | | 427,421 | |
Georgia Power Company | | | 5.40 | | | | 6-1-18 | | | | 200,000 | | | | 238,069 | |
Georgia Power Company | | | 5.40 | | | | 6-1-40 | | | | 250,000 | | | | 316,383 | |
Georgia Power Company | | | 5.95 | | | | 2-1-39 | | | | 250,000 | | | | 333,702 | |
Georgia Power Company | | | 6.00 | | | | 11-1-13 | | | | 525,000 | | | | 557,653 | |
Georgia Power Company Series B | | | 5.70 | | | | 6-1-17 | | | | 100,000 | | | | 119,977 | |
Great Plains Energy Incorporated | | | 4.85 | | | | 6-1-21 | | | | 50,000 | | | | 55,266 | |
Indiana Michigan Power Company | | | 7.00 | | | | 3-15-19 | | | | 500,000 | | | | 624,337 | |
Interstate Power & Light Company | | | 6.25 | | | | 7-15-39 | | | | 30,000 | | | | 40,405 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 61 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Electric Utilities (continued) | | | | | | | | | | | | | | | | |
Jersey Central Power & Light Company | | | 5.63 | % | | | 5-1-16 | | | $ | 100,000 | | | $ | 115,057 | |
Jersey Central Power & Light Company | | | 7.35 | | | | 2-1-19 | | | | 250,000 | | | | 320,416 | |
Kansas City Power & Light Company | | | 6.38 | | | | 3-1-18 | | | | 250,000 | | | | 296,794 | |
Kansas City Power & Light Company | | | 7.15 | | | | 4-1-19 | | | | 200,000 | | | | 256,673 | |
Kentucky Utilities Company | | | 3.25 | | | | 11-1-20 | | | | 500,000 | | | | 540,804 | |
Kentucky Utilities Company | | | 5.13 | | | | 11-1-40 | | | | 500,000 | | | | 638,804 | |
LG&E and KU Energy LLC | | | 2.13 | | | | 11-15-15 | | | | 100,000 | | | | 101,024 | |
LG&E and KU Energy LLC | | | 3.75 | | | | 11-15-20 | | | | 100,000 | | | | 103,545 | |
MidAmerican Energy Holdings Company | | | 5.30 | | | | 3-15-18 | | | | 250,000 | | | | 298,974 | |
MidAmerican Energy Holdings Company | | | 5.80 | | | | 10-15-36 | | | | 75,000 | | | | 99,172 | |
MidAmerican Energy Holdings Company | | | 5.95 | | | | 5-15-37 | | | | 300,000 | | | | 388,648 | |
MidAmerican Energy Holdings Company | | | 6.13 | | | | 4-1-36 | | | | 700,000 | | | | 910,854 | |
MidAmerican Energy Holdings Company | | | 6.50 | | | | 9-15-37 | | | | 500,000 | | | | 683,184 | |
MidAmerican Energy Holdings Company | | | 6.75 | | | | 12-30-31 | | | | 150,000 | | | | 207,472 | |
MidAmerican Energy Holdings Company Series D | | | 5.00 | | | | 2-15-14 | | | | 350,000 | | | | 371,142 | |
Nevada Power Company | | | 5.45 | | | | 5-15-41 | | | | 120,000 | | | | 151,793 | |
Nevada Power Company | | | 6.75 | | | | 7-1-37 | | | | 200,000 | | | | 286,598 | |
Nevada Power Company | | | 7.13 | | | | 3-15-19 | | | | 300,000 | | | | 388,227 | |
Nevada Power Company Series O | | | 6.50 | | | | 5-15-18 | | | | 550,000 | | | | 686,429 | |
NiSource Finance Corporation | | | 5.25 | | | | 9-15-17 | | | | 180,000 | | | | 207,527 | |
NiSource Finance Corporation | | | 5.45 | | | | 9-15-20 | | | | 415,000 | | | | 474,215 | |
NiSource Finance Corporation | | | 6.13 | | | | 3-1-22 | | | | 100,000 | | | | 121,007 | |
NiSource Finance Corporation | | | 6.40 | | | | 3-15-18 | | | | 1,000,000 | | | | 1,197,059 | |
NiSource Finance Corporation | | | 6.80 | | | | 1-15-19 | | | | 90,000 | | | | 107,912 | |
Northern States Power Company Minnesota | | | 1.95 | | | | 8-15-15 | | | | 150,000 | | | | 154,814 | |
Northern States Power Company Minnesota | | | 2.15 | | | | 8-15-22 | | | | 250,000 | | | | 249,932 | |
Northern States Power Company Minnesota | | | 3.40 | | | | 8-15-42 | | | | 250,000 | | | | 247,397 | |
Northern States Power Company Minnesota | | | 5.25 | | | | 3-1-18 | | | | 500,000 | | | | 600,346 | |
Northern States Power Company Minnesota | | | 5.35 | | | | 11-1-39 | | | | 40,000 | | | | 52,429 | |
Northern States Power Company Minnesota | | | 6.20 | | | | 7-1-37 | | | | 300,000 | | | | 430,040 | |
NSTAR Electric Company | | | 4.88 | | | | 4-15-14 | | | | 250,000 | | | | 265,548 | |
NSTAR Electric Company | | | 5.50 | | | | 3-15-40 | | | | 100,000 | | | | 132,250 | |
Oglethorpe Power Corporation | | | 5.38 | | | | 11-1-40 | | | | 300,000 | | | | 369,525 | |
Oglethorpe Power Corporation | | | 5.95 | | | | 11-1-39 | | | | 150,000 | | | | 197,987 | |
Ohio Edison Company | | | 6.88 | | | | 7-15-36 | | | | 250,000 | | | | 333,791 | |
Ohio Edison Company | | | 8.25 | | | | 10-15-38 | | | | 200,000 | | | | 310,024 | |
Ohio Power Company | | | 5.38 | | | | 10-1-21 | | | | 65,000 | | | | 78,595 | |
Ohio Power Company | | | 6.00 | | | | 6-1-16 | | | | 250,000 | | | | 291,782 | |
Ohio Power Company | | | 6.60 | | | | 2-15-33 | | | | 194,000 | | | | 252,516 | |
Oklahoma Gas & Electric Company | | | 5.25 | | | | 5-15-41 | | | | 100,000 | | | | 124,061 | |
Oklahoma Gas & Electric Company | | | 5.85 | | | | 6-1-40 | | | | 100,000 | | | | 131,717 | |
Oncor Electric Delivery Company LLC | | | 4.55 | | | | 12-1-41 | | | | 200,000 | | | | 193,516 | |
Oncor Electric Delivery Company LLC | | | 6.80 | | | | 9-1-18 | | | | 500,000 | | | | 611,589 | |
Oncor Electric Delivery Company LLC | | | 7.50 | | | | 9-1-38 | | | | 200,000 | | | | 261,489 | |
PacifiCorp | | | 4.10 | | | | 2-1-42 | | | | 100,000 | | | | 108,907 | |
PacifiCorp | | | 5.65 | | | | 7-15-18 | | | | 600,000 | | | | 736,754 | |
PacifiCorp | | | 6.00 | | | | 1-15-39 | | | | 500,000 | | | | 691,898 | |
PacifiCorp | | | 6.25 | | | | 10-15-37 | | | | 720,000 | | | | 1,010,232 | |
PECO Energy Company | | | 5.00 | | | | 10-1-14 | | | | 500,000 | | | | 546,394 | |
Pepco Holdings Incorporated | | | 2.70 | | | | 10-1-15 | | | | 350,000 | | | | 360,497 | |
| | | | |
| 62 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Electric Utilities (continued) | | | | | | | | | | | | | | | | |
Portland General Electric Company | | | 6.10 | % | | | 4-15-19 | | | $ | 250,000 | | | $ | 309,083 | |
Potomac Electric Power | | | 6.50 | | | | 11-15-37 | | | | 200,000 | | | | 288,876 | |
PPL Electric Utilities 1st Mortgage | | | 5.20 | | | | 7-15-41 | | | | 200,000 | | | | 254,765 | |
PPL Electric Utilities Ist Mortgage | | | 6.25 | | | | 5-15-39 | | | | 45,000 | | | | 63,810 | |
PPL Energy Supply LLC | | | 6.20 | | | | 5-15-16 | | | | 500,000 | | | | 567,042 | |
Progress Energy Incorporated | | | 4.40 | | | | 1-15-21 | | | | 750,000 | | | | 847,623 | |
Progress Energy Incorporated | | | 4.55 | | | | 4-1-20 | | | | 75,000 | | | | 86,644 | |
Progress Energy Incorporated | | | 6.00 | | | | 12-1-39 | | | | 300,000 | | | | 378,187 | |
Progress Energy Incorporated | | | 6.05 | | | | 3-15-14 | | | | 500,000 | | | | 537,896 | |
Progress Energy Incorporated | | | 6.30 | | | | 4-1-38 | | | | 50,000 | | | | 70,268 | |
Progress Energy Incorporated | | | 7.75 | | | | 3-1-31 | | | | 120,000 | | | | 170,382 | |
PSEG Power LLC | | | 5.13 | | | | 4-15-20 | | | | 280,000 | | | | 322,191 | |
PSEG Power LLC | | | 8.63 | | | | 4-15-31 | | | | 75,000 | | | | 111,168 | |
Public Service Company of Colorado | | | 3.20 | | | | 11-15-20 | | | | 300,000 | | | | 330,576 | |
Public Service Company of Colorado | | | 5.13 | | | | 6-1-19 | | | | 50,000 | | | | 60,490 | |
Public Service Company of Colorado | | | 6.25 | | | | 9-1-37 | | | | 500,000 | | | | 722,847 | |
Public Service Company of Oklahoma | | | 4.40 | | | | 2-1-21 | | | | 100,000 | | | | 111,880 | |
Public Service Company of Oklahoma | | | 5.15 | | | | 12-1-19 | | | | 40,000 | | | | 46,449 | |
Public Service Electric & Gas Company | | | 3.95 | | | | 5-1-42 | | | | 100,000 | | | | 109,312 | |
Public Service Electric & Gas Company | | | 5.30 | | | | 5-1-18 | | | | 1,000,000 | | | | 1,206,217 | |
Public Service Electric & Gas Company | | | 5.80 | | | | 5-1-37 | | | | 100,000 | | | | 136,634 | |
Puget Sound Energy Incorporated | | | 5.76 | | | | 10-1-39 | | | | 400,000 | | | | 543,646 | |
Puget Sound Energy Incorporated | | | 5.80 | | | | 3-15-40 | | | | 50,000 | | | | 68,461 | |
Puget Sound Energy Incorporated | | | 6.27 | | | | 3-15-37 | | | | 330,000 | | | | 472,526 | |
South Carolina Electric & Gas Company | | | 4.35 | | | | 2-1-42 | | | | 600,000 | | | | 663,098 | |
South Carolina Electric & Gas Company | | | 6.50 | | | | 11-1-18 | | | | 525,000 | | | | 663,442 | |
Southern California Edison Company | | | 3.88 | | | | 6-1-21 | | | | 270,000 | | | | 306,840 | |
Southern California Edison Company | | | 4.05 | | | | 3-15-42 | | | | 500,000 | | | | 544,922 | |
Southern California Edison Company | | | 5.50 | | | | 8-15-18 | | | | 500,000 | | | | 613,824 | |
Southern California Edison Company | | | 5.50 | | | | 3-15-40 | | | | 700,000 | | | | 930,179 | |
Southern California Edison Company | | | 5.75 | | | | 3-15-14 | | | | 250,000 | | | | 270,002 | |
Southern California Edison Company | | | 6.05 | | | | 3-15-39 | | | | 350,000 | | | | 491,514 | |
Southern California Edison Company Series 05-A | | | 5.00 | | | | 1-15-16 | | | | 100,000 | | | | 114,129 | |
Southern California Edison Company Series 05-E | | | 5.35 | | | | 7-15-35 | | | | 180,000 | | | | 228,587 | |
Southern Company | | | 2.38 | | | | 9-15-15 | | | | 200,000 | | | | 208,521 | |
Southern Company | | | 4.15 | | | | 5-15-14 | | | | 125,000 | | | | 132,178 | |
Southwestern Electric Power Company | | | 6.20 | | | | 3-15-40 | | | | 50,000 | | | | 64,509 | |
Southwestern Electric Power Company Series E | | | 5.55 | | | | 1-15-17 | | | | 100,000 | | | | 113,255 | |
Southwestern Public Service Company | | | 6.00 | | | | 10-1-36 | | | | 100,000 | | | | 123,501 | |
Tampa Electric Company | | | 6.10 | | | | 5-15-18 | | | | 100,000 | | | | 125,419 | |
Tampa Electric Company | | | 6.15 | | | | 5-15-37 | | | | 75,000 | | | | 102,978 | |
Toleda Edison Company | | | 6.15 | | | | 5-15-37 | | | | 50,000 | | | | 63,483 | |
TXU Electric Delivery Company | | | 7.00 | | | | 5-1-32 | | | | 175,000 | | | | 214,557 | |
TXU Electric Delivery Company | | | 7.25 | | | | 1-15-33 | | | | 75,000 | | | | 94,647 | |
Union Electric Company | | | 5.40 | | | | 2-1-16 | | | | 75,000 | | | | 85,248 | |
Union Electric Company | | | 6.00 | | | | 4-1-18 | | | | 100,000 | | | | 120,204 | |
Union Electric Company | | | 6.40 | | | | 6-15-17 | | | | 500,000 | | | | 600,125 | |
Union Electric Company | | | 8.45 | | | | 3-15-39 | | | | 80,000 | | | | 137,754 | |
Virginia Electric & Power Company | | | 8.88 | | | | 11-15-38 | | | | 300,000 | | | | 521,045 | |
Virginia Electric & Power Company Series A | | | 5.00 | | | | 6-30-19 | | | | 200,000 | | | | 239,418 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 63 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Electric Utilities (continued) | | | | | | | | | | | | | | | | |
Virginia Electric & Power Company Series A | | | 5.40 | % | | | 1-15-16 | | | $ | 600,000 | | | $ | 688,404 | |
Virginia Electric & Power Company Series A | | | 6.00 | | | | 5-15-37 | | | | 605,000 | | | | 839,192 | |
Virginia Electric & Power Company Series B | | | 6.00 | | | | 1-15-36 | | | | 100,000 | | | | 137,379 | |
Westar Energy Incorporated | | | 8.63 | | | | 12-1-18 | | | | 250,000 | | | | 341,657 | |
Wisconsin Electric Power Company | | | 4.25 | | | | 12-15-19 | | | | 350,000 | | | | 402,986 | |
Wisconsin Electric Power Company | | | 5.63 | | | | 5-15-33 | | | | 100,000 | | | | 130,120 | |
Wisconsin Electric Power Company | | | 5.70 | | | | 12-1-36 | | | | 150,000 | | | | 199,001 | |
Wisconsin Power & Light Company | | | 5.00 | | | | 7-15-19 | | | | 50,000 | | | | 59,486 | |
Wisconsin Power & Light Company | | | 6.38 | | | | 8-15-37 | | | | 250,000 | | | | 352,846 | |
| | | | |
| | | | | | | | | | | | | | | 73,557,274 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Gas Utilities: 0.10% | | | | | | | | | | | | | | | | |
AGL Capital Corporation | | | 5.88 | | | | 3-15-41 | | | | 570,000 | | | | 762,011 | |
Atmos Energy Corporation | | | 4.95 | | | | 10-15-14 | | | | 100,000 | | | | 108,268 | |
Atmos Energy Corporation | | | 5.50 | | | | 6-15-41 | | | | 60,000 | | | | 74,276 | |
Atmos Energy Corporation | | | 6.35 | | | | 6-15-17 | | | | 50,000 | | | | 60,662 | |
Atmos Energy Corporation | | | 8.50 | | | | 3-15-19 | | | | 250,000 | | | | 334,388 | |
Centerpoint Energy Resources Corporation | | | 4.50 | | | | 1-15-21 | | | | 65,000 | | | | 73,425 | |
Centerpoint Energy Resources Corporation | | | 5.85 | | | | 1-15-41 | | | | 110,000 | | | | 138,711 | |
Consolidated Natural Gas Company Series A | | | 5.00 | | | | 12-1-14 | | | | 300,000 | | | | 325,574 | |
KeySpan Corporation | | | 5.80 | | | | 4-1-35 | | | | 125,000 | | | | 148,806 | |
Oneok Incorporated | | | 4.25 | | | | 2-1-22 | | | | 130,000 | | | | 139,334 | |
Oneok Incorporated | | | 5.20 | | | | 6-15-15 | | | | 65,000 | | | | 70,875 | |
Oneok Incorporated | | | 6.00 | | | | 6-15-35 | | | | 200,000 | | | | 223,314 | |
Panhandle Eastern Pipe Line Company LP | | | 6.20 | | | | 11-1-17 | | | | 400,000 | | | | 469,367 | |
Questar Corporation | | | 2.75 | | | | 2-1-16 | | | | 200,000 | | | | 209,396 | |
Sempra Energy | | | 6.00 | | | | 10-15-39 | | | | 300,000 | | | | 398,358 | |
Sempra Energy | | | 6.50 | | | | 6-1-16 | | | | 1,090,000 | | | | 1,299,851 | |
Southern California Gas Company | | | 5.13 | | | | 11-15-40 | | | | 100,000 | | | | 129,907 | |
Southern California Gas Company | | | 5.75 | | | | 11-15-35 | | | | 75,000 | | | | 100,837 | |
| | | | |
| | | | | | | | | | | | | | | 5,067,360 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Independent Power Producers & Energy Traders: 0.02% | | | | | | | | | | | | | | | | |
Constellation Energy Group Incorporated | | | 5.15 | | | | 12-1-20 | | | | 100,000 | | | | 115,558 | |
Southern Power Company | | | 5.15 | | | | 9-15-41 | | | | 250,000 | | | | 292,139 | |
Southern Power Company Series D | | | 4.88 | | | | 7-15-15 | | | | 250,000 | | | | 275,640 | |
Transalta Corporation | | | 6.65 | | | | 5-15-18 | | | | 200,000 | | | | 224,745 | |
| | | | |
| | | | | | | | | | | | | | | 908,082 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Multi-Utilities: 0.27% | | | | | | | | | | | | | | | | |
Alliant Energy Corporation | | | 4.00 | | | | 10-15-14 | | | | 100,000 | | | | 105,002 | |
Avista Corporation | | | 5.13 | | | | 4-1-22 | | | | 55,000 | | | | 66,942 | |
Baltimore Gas & Electric Company | | | 5.90 | | | | 10-1-16 | | | | 350,000 | | | | 412,346 | |
Centerpoint Energy Resources Corporation | | | 5.95 | | | | 2-1-17 | | | | 250,000 | | | | 291,610 | |
Dominion Resources Incorporated | | | 1.80 | | | | 3-15-14 | | | | 100,000 | | | | 101,745 | |
Dominion Resources Incorporated | | | 2.25 | | | | 9-1-15 | | | | 100,000 | | | | 103,689 | |
Dominion Resources Incorporated | | | 4.45 | | | | 3-15-21 | | | | 100,000 | | | | 115,444 | |
Dominion Resources Incorporated | | | 4.90 | | | | 8-1-41 | | | | 60,000 | | | | 71,208 | |
Dominion Resources Incorporated | | | 6.40 | | | | 6-15-18 | | | | 750,000 | | | | 934,532 | |
| | | | |
| 64 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Multi-Utilities (continued) | | | | | | | | | | | | | | | | |
Dominion Resources Incorporated Series A | | | 5.60 | % | | | 11-15-16 | | | $ | 50,000 | | | $ | 58,335 | |
Dominion Resources Incorporated Series B | | | 5.95 | | | | 6-15-35 | | | | 225,000 | | | | 289,926 | |
Dominion Resources Incorporated Series C | | | 5.15 | | | | 7-15-15 | | | | 350,000 | | | | 389,323 | |
DTE Energy Company | | | 6.35 | | | | 6-1-16 | | | | 350,000 | | | | 415,189 | |
DTE Energy Company | | | 7.63 | | | | 5-15-14 | | | | 50,000 | | | | 55,561 | |
Integrys Energy Group | | | 4.17 | | | | 11-1-20 | | | | 200,000 | | | | 219,797 | |
Louisville Gas & Electric Company | | | 5.13 | | | | 11-15-40 | | | | 125,000 | | | | 159,728 | |
NSTAR Global Services Incorporated | | | 4.50 | | | | 11-15-19 | | | | 100,000 | | | | 114,481 | |
Pacific Gas & Electric Company | | | 4.25 | | | | 5-15-21 | | | | 500,000 | | | | 578,405 | |
Pacific Gas & Electric Company | | | 4.80 | | | | 3-1-14 | | | | 125,000 | | | | 132,606 | |
Pacific Gas & Electric Company | | | 5.40 | | | | 1-15-40 | | | | 700,000 | | | | 874,788 | |
Pacific Gas & Electric Company | | | 5.80 | | | | 3-1-37 | | | | 500,000 | | | | 651,239 | |
Pacific Gas & Electric Company | | | 6.05 | | | | 3-1-34 | | | | 1,000,000 | | | | 1,323,797 | |
Pacific Gas & Electric Company | | | 6.25 | | | | 12-1-13 | | | | 200,000 | | | | 213,434 | |
Pacific Gas & Electric Company | | | 6.35 | | | | 2-15-38 | | | | 100,000 | | | | 139,384 | |
Pacific Gas & Electric Company | | | 8.25 | | | | 10-15-18 | | | | 1,000,000 | | | | 1,379,660 | |
PG&E Corporation | | | 5.75 | | | | 4-1-14 | | | | 250,000 | | | | 268,371 | |
Puget Sound Power & Light Company | | | 4.43 | | | | 11-15-41 | | | | 500,000 | | | | 579,310 | |
San Diego Gas & Electric Company | | | 3.00 | | | | 8-15-21 | | | | 750,000 | | | | 807,745 | |
San Diego Gas & Electric Company | | | 5.35 | | | | 5-15-35 | | | | 100,000 | | | | 129,986 | |
San Diego Gas & Electric Company | | | 6.00 | | | | 6-1-39 | | | | 530,000 | | | | 758,117 | |
Scana Corporation | | | 4.75 | | | | 5-15-21 | | | | 250,000 | | | | 270,254 | |
Wisconsin Energy Corporation ± § | | | 6.25 | | | | 5-15-67 | | | | 125,000 | | | | 132,344 | |
Xcel Energy Incorporated | | | 4.70 | | | | 5-15-20 | | | | 250,000 | | | | 294,907 | |
Xcel Energy Incorporated | | | 4.80 | | | | 9-15-41 | | | | 250,000 | | | | 293,431 | |
| | | | |
| | | | | | | | | | | | | | | 12,732,636 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Water Utilities: 0.02% | | | | | | | | | | | | | | | | |
American Water Capital Corporation | | | 6.09 | | | | 10-15-17 | | | | 750,000 | | | | 892,714 | |
| | | | | | | | | | | | | | | | |
| | | | |
Total Corporate Bonds and Notes (Cost $901,780,216) | | | | | | | | | | | | | | | 1,007,294,562 | |
| | | | | | | | | | | | | | | | |
| | | | |
Foreign Government Bonds @: 24.44% | | | | | | | | | | | | | | | | |
Australia Commonwealth (AUD) | | | 5.50 | | | | 1-21-18 | | | | 500,000 | | | | 590,176 | |
Australia Commonwealth (AUD) | | | 5.75 | | | | 5-15-21 | | | | 1,250,000 | | | | 1,569,186 | |
Australia Commonwealth (AUD) | | | 6.25 | | | | 6-15-14 | | | | 750,000 | | | | 822,253 | |
Australia Commonwealth (AUD) | | | 6.25 | | | | 4-15-15 | | | | 1,000,000 | | | | 1,131,495 | |
Australian Government Bond Series 122 (AUD) | | | 5.25 | | | | 3-15-19 | | | | 1,000,000 | | | | 1,188,463 | |
Australian Government Bond Series 126 (AUD) | | | 4.50 | | | | 4-15-20 | | | | 1,500,000 | | | | 1,726,021 | |
Australian Government Bond Series 128 (AUD) | | | 5.75 | | | | 7-15-22 | | | | 450,000 | | | | 572,550 | |
Australian Government Bond Series 128 (AUD) | | | 5.75 | | | | 7-15-22 | | | | 300,000 | | | | 381,700 | |
Australian Government Bond Series 129 (AUD) | | | 5.50 | | | | 12-15-13 | | | | 500,000 | | | | 533,730 | |
Australian Government Bond Series 130 (AUD) | | | 4.75 | | | | 6-15-16 | | | | 300,000 | | | | 335,174 | |
Australian Government Bond Series 131 (AUD) | | | 4.50 | | | | 10-21-14 | | | | 1,300,000 | | | | 1,394,186 | |
Australian Government Bond Series 133 (AUD) | | | 5.50 | | | | 4-21-23 | | | | 500,000 | | | | 628,181 | |
Australian Government Bond Series 134 (AUD) | | | 4.75 | | | | 10-21-15 | | | | 2,000,000 | | | | 2,207,386 | |
Australian Government Bond Series 135 (AUD) | | | 4.25 | | | | 7-21-17 | | | | 1,050,000 | | | | 1,167,480 | |
Australian Government Bond Series 136 (AUD) | | | 4.75 | | | | 4-21-27 | | | | 600,000 | | | | 717,690 | |
Australian Government Bond Series 217 (AUD) | | | 6.00 | | | | 2-15-17 | | | | 1,000,000 | | | | 1,184,268 | |
Belgium (Kingdom) (EUR) | | | 2.75 | | | | 3-28-16 | | | | 1,050,000 | | | | 1,407,063 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 65 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Foreign Government Bonds @ (continued) | | | | | | | | | | | | | | | | |
Belgium (Kingdom) (EUR) | | | 3.25 | % | | | 9-28-16 | | | | 1,000,000 | | | $ | 1,368,109 | |
Belgium (Kingdom) (EUR) | | | 3.50 | | | | 6-28-17 | | | | 900,000 | | | | 1,243,071 | |
Belgium (Kingdom) (EUR) | | | 3.75 | | | | 9-28-15 | | | | 700,000 | | | | 961,330 | |
Belgium (Kingdom) (EUR) | | | 3.75 | | | | 9-28-20 | | | | 1,800,000 | | | | 2,521,167 | |
Belgium (Kingdom) (EUR) | | | 4.00 | | | | 3-28-14 | | | | 1,300,000 | | | | 1,728,997 | |
Belgium (Kingdom) (EUR) | | | 4.00 | | | | 3-28-22 | | | | 850,000 | | | | 1,208,733 | |
Belgium (Kingdom) (EUR) | | | 4.00 | | | | 3-28-32 | | | | 400,000 | | | | 550,641 | |
Belgium (Kingdom) (EUR) | | | 4.25 | | | | 9-28-13 | | | | 1,350,000 | | | | 1,771,724 | |
Belgium (Kingdom) (EUR) | | | 4.25 | | | | 9-28-21 | | | | 1,350,000 | | | | 1,955,315 | |
Belgium (Kingdom) (EUR) | | | 4.25 | | | | 9-28-22 | | | | 700,000 | | | | 1,014,440 | |
Belgium (Kingdom) (EUR) | | | 4.25 | | | | 3-28-41 | | | | 1,000,000 | | | | 1,443,635 | |
Belgium (Kingdom) (EUR) | | | 4.50 | | | | 3-28-26 | | | | 550,000 | | | | 805,513 | |
Belgium (Kingdom) (EUR) | | | 8.00 | | | | 3-28-15 | | | | 350,000 | | | | 523,293 | |
Belgium Government Bond Series 31 (EUR) | | | 5.50 | | | | 3-28-28 | | | | 985,000 | | | | 1,602,173 | |
Belgium Government Bond Series 40 (EUR) | | | 5.50 | | | | 9-28-17 | | | | 700,000 | | | | 1,056,552 | |
Belgium Government Bond Series 43 (EUR) | | | 4.25 | | | | 9-28-14 | | | | 1,000,000 | | | | 1,356,537 | |
Belgium Government Bond Series 44 (EUR) | | | 5.00 | | | | 3-28-35 | | | | 1,230,000 | | | | 1,937,054 | |
Belgium Government Bond Series 49 (EUR) 144A | | | 4.00 | | | | 3-28-17 | | | | 1,050,000 | | | | 1,483,663 | |
Belgium Government Bond Series 55 (EUR) | | | 4.00 | | | | 3-28-19 | | | | 900,000 | | | | 1,283,824 | |
Belgium Government Bond Series 56 (EUR) | | | 3.50 | | | | 3-28-15 | | | | 800,000 | | | | 1,080,903 | |
Bundesrepublik Deutschland (EUR) ¤ | | | 0.00 | | | | 6-13-14 | | | | 800,000 | | | | 1,006,934 | |
Bundesrepublik Deutschland (EUR) | | | 0.50 | | | | 4-7-17 | | | | 400,000 | | | | 506,793 | |
Bundesrepublik Deutschland (EUR) | | | 0.75 | | | | 9-13-13 | | | | 2,000,000 | | | | 2,534,844 | |
Bundesrepublik Deutschland (EUR) | | | 1.25 | | | | 10-14-16 | | | | 1,350,000 | | | | 1,769,958 | |
Bundesrepublik Deutschland (EUR) | | | 2.00 | | | | 2-26-16 | | | | 1,950,000 | | | | 2,614,540 | |
Bundesrepublik Deutschland (EUR) | | | 2.25 | | | | 9-4-20 | | | | 1,000,000 | | | | 1,375,656 | |
Bundesrepublik Deutschland (EUR) | | | 2.50 | | | | 1-4-21 | | | | 1,950,000 | | | | 2,729,719 | |
Bundesrepublik Deutschland (EUR) | | | 2.75 | | | | 4-8-16 | | | | 1,300,000 | | | | 1,789,170 | |
Bundesrepublik Deutschland (EUR) | | | 3.00 | | | | 7-4-20 | | | | 1,700,000 | | | | 2,461,330 | |
Bundesrepublik Deutschland (EUR) 144A | | | 3.25 | | | | 7-15-15 | | | | 750,000 | | | | 1,025,591 | |
Bundesrepublik Deutschland (EUR) | | | 3.25 | | | | 1-4-20 | | | | 2,550,000 | | | | 3,744,467 | |
Bundesrepublik Deutschland (EUR) | | | 3.25 | | | | 7-4-21 | | | | 1,000,000 | | | | 1,477,613 | |
Bundesrepublik Deutschland (EUR) | | | 3.25 | | | | 7-4-42 | | | | 950,000 | | | | 1,502,121 | |
Bundesrepublik Deutschland (EUR) | | | 3.50 | | | | 7-4-19 | | | | 1,500,000 | | | | 2,226,212 | |
Bundesrepublik Deutschland (EUR) | | | 4.00 | | | | 10-11-13 | | | | 1,500,000 | | | | 1,970,281 | |
Bundesrepublik Deutschland (EUR) | | | 4.25 | | | | 7-4-14 | | | | 1,500,000 | | | | 2,035,183 | |
Bundesrepublik Deutschland (EUR) | | | 4.25 | | | | 7-4-17 | | | | 2,250,000 | | | | 3,354,458 | |
Bundesrepublik Deutschland (EUR) | | | 4.75 | | | | 7-4-40 | | | | 1,300,000 | | | | 2,545,291 | |
Bundesrepublik Deutschland (EUR) | | | 6.50 | | | | 7-4-27 | | | | 1,000,000 | | | | 2,025,460 | |
Bundesrepublik Deutschland Series 00 (EUR) | | | 5.50 | | | | 1-4-31 | | | | 1,200,000 | | | | 2,316,898 | |
Bundesrepublik Deutschland Series 00 (EUR) | | | 6.25 | | | | 1-4-30 | | | | 1,150,000 | | | | 2,354,868 | |
Bundesrepublik Deutschland Series 03 (EUR) | | | 4.25 | | | | 1-4-14 | | | | 2,140,000 | | | | 2,845,926 | |
Bundesrepublik Deutschland Series 03 (EUR) | | | 4.75 | | | | 7-4-34 | | | | 1,860,000 | | | | 3,444,645 | |
Bundesrepublik Deutschland Series 04 (EUR) | | | 3.75 | | | | 1-4-15 | | | | 2,300,000 | | | | 3,148,936 | |
Bundesrepublik Deutschland Series 05 (EUR) | | | 3.25 | | | | 7-4-15 | | | | 1,300,000 | | | | 1,785,066 | |
Bundesrepublik Deutschland Series 05 (EUR) | | | 3.50 | | | | 1-4-16 | | | | 1,900,000 | | | | 2,662,474 | |
Bundesrepublik Deutschland Series 05 (EUR) | | | 4.00 | | | | 1-4-37 | | | | 1,750,000 | | | | 3,005,010 | |
Bundesrepublik Deutschland Series 06 (EUR) | | | 4.00 | | | | 7-4-16 | | | | 1,700,000 | | | | 2,451,023 | |
Bundesrepublik Deutschland Series 07 (EUR) | | | 4.25 | | | | 7-4-39 | | | | 1,150,000 | | | | 2,082,627 | |
Bundesrepublik Deutschland Series 08 (EUR) | | | 4.25 | | | | 7-4-18 | | | | 2,200,000 | | | | 3,348,540 | |
| | | | |
| 66 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Foreign Government Bonds @ (continued) | | | | | | | | | | | | | | | | |
Bundesrepublik Deutschland Series 09 (EUR) | | | 3.75 | % | | | 1-4-19 | | | | 1,900,000 | | | $ | 2,843,145 | |
Bundesrepublik Deutschland Series 161 (EUR) | | | 2.25 | | | | 9-4-21 | | | | 2,650,000 | | | | 3,632,488 | |
Bundesrepublik Deutschland Series 94 (EUR) | | | 6.25 | | | | 1-4-24 | | | | 855,000 | | | | 1,605,514 | |
Bundesrepublik Deutschland Series 98 (EUR) | | | 4.75 | | | | 7-4-28 | | | | 500,000 | | | | 873,353 | |
Bundesrepublik Deutschland Series 98 (EUR) | | | 5.63 | | | | 1-4-28 | | | | 1,400,000 | | | | 2,638,157 | |
Canadian Government Bond (CAD) | | | 0.75 | | | | 5-1-14 | | | | 200,000 | | | | 201,552 | |
Canadian Government Bond (CAD) | | | 1.00 | | | | 2-1-14 | | | | 1,000,000 | | | | 1,012,265 | |
Canadian Government Bond (CAD) | | | 1.00 | | | | 2-1-15 | | | | 1,000,000 | | | | 1,009,830 | |
Canadian Government Bond (CAD) | | | 1.50 | | | | 11-1-13 | | | | 1,000,000 | | | | 1,018,585 | |
Canadian Government Bond (CAD) | | | 1.50 | | | | 3-1-17 | | | | 500,000 | | | | 510,865 | |
Canadian Government Bond (CAD) | | | 1.50 | | | | 9-1-17 | | | | 500,000 | | | | 510,576 | |
Canadian Government Bond (CAD) | | | 2.00 | | | | 3-1-14 | | | | 2,500,000 | | | | 2,567,690 | |
Canadian Government Bond (CAD) | | | 2.00 | | | | 6-1-16 | | | | 500,000 | | | | 520,604 | |
Canadian Government Bond (CAD) | | | 2.25 | | | | 8-1-14 | | | | 3,000,000 | | | | 3,106,214 | |
Canadian Government Bond (CAD) | | | 2.75 | | | | 9-1-16 | | | | 1,500,000 | | | | 1,606,716 | |
Canadian Government Bond (CAD) | | | 2.75 | | | | 6-1-22 | | | | 1,000,000 | | | | 1,102,511 | |
Canadian Government Bond (CAD) | | | 3.00 | | | | 6-1-14 | | | | 1,000,000 | | | | 1,046,635 | |
Canadian Government Bond (CAD) | | | 3.00 | | | | 12-1-15 | | | | 950,000 | | | | 1,016,854 | |
Canadian Government Bond (CAD) | | | 3.25 | | | | 6-1-21 | | | | 2,000,000 | | | | 2,285,610 | |
Canadian Government Bond (CAD) | | | 3.50 | | | | 12-1-45 | | | | 200,000 | | | | 257,629 | |
Canadian Government Bond (CAD) | | | 3.75 | | | | 6-1-19 | | | | 1,500,000 | | | | 1,738,250 | |
Canadian Government Bond (CAD) | | | 4.00 | | | | 6-1-16 | | | | 1,300,000 | | | | 1,449,762 | |
Canadian Government Bond (CAD) | | | 4.00 | | | | 6-1-17 | | | | 500,000 | | | | 568,729 | |
Canadian Government Bond (CAD) | | | 4.00 | | | | 6-1-41 | | | | 1,250,000 | | | | 1,706,822 | |
Canadian Government Bond (CAD) | | | 4.25 | | | | 6-1-18 | | | | 1,000,000 | | | | 1,171,676 | |
Canadian Government Bond (CAD) | | | 4.50 | | | | 6-1-15 | | | | 400,000 | | | | 441,796 | |
Canadian Government Bond (CAD) | | | 5.00 | | | | 6-1-14 | | | | 1,500,000 | | | | 1,622,146 | |
Canadian Government Bond (CAD) | | | 5.00 | | | | 6-1-37 | | | | 1,000,000 | | | | 1,512,767 | |
Canadian Government Bond (CAD) | | | 5.75 | | | | 6-1-29 | | | | 1,000,000 | | | | 1,517,545 | |
Canadian Government Bond (CAD) | | | 5.75 | | | | 6-1-33 | | | | 1,000,000 | | | | 1,588,953 | |
Canadian Government Bond (CAD) | | | 8.00 | | | | 6-1-23 | | | | 95,000 | | | | 154,061 | |
Canadian Government Bond (CAD) | | | 8.00 | | | | 6-1-27 | | | | 593,000 | | | | 1,050,658 | |
Canadian Government Bond (CAD) | | | 9.00 | | | | 6-1-25 | | | | 200,000 | | | | 363,993 | |
Denmark Government Bond (DKK) | | | 3.00 | | | | 11-15-21 | | | | 4,500,000 | | | | 885,332 | |
Denmark Government Bond (DKK) | | | 4.00 | | | | 11-15-15 | | | | 9,425,000 | | | | 1,793,648 | |
Denmark Government Bond (DKK) | | | 4.00 | | | | 11-15-17 | | | | 5,000,000 | | | | 1,000,447 | |
Denmark Government Bond (DKK) | | | 4.00 | | | | 11-15-19 | | | | 10,400,000 | | | | 2,153,820 | |
Denmark Government Bond (DKK) | | | 4.50 | | | | 11-15-39 | | | | 7,100,000 | | | | 1,829,798 | |
Denmark Government Bond (DKK) | | | 5.00 | | | | 11-15-13 | | | | 7,400,000 | | | | 1,327,769 | |
Denmark Government Bond (DKK) | | | 7.00 | | | | 11-10-24 | | | | 2,000,000 | | | | 548,669 | |
France Government Bond (EUR) | | | 2.50 | | | | 10-25-20 | | | | 2,600,000 | | | | 3,428,888 | |
France Government Bond (EUR) | | | 3.00 | | | | 7-12-14 | | | | 2,450,000 | | | | 3,245,040 | |
France Government Bond (EUR) | | | 3.00 | | | | 10-25-15 | | | | 2,600,000 | | | | 3,537,462 | |
France Government Bond (EUR) | | | 3.00 | | | | 4-25-22 | | | | 2,250,000 | | | | 3,033,955 | |
France Government Bond (EUR) | | | 3.25 | | | | 4-25-16 | | | | 1,900,000 | | | | 2,622,182 | |
France Government Bond (EUR) | | | 3.25 | | | | 10-25-21 | | | | 4,000,000 | | | | 5,527,477 | |
France Government Bond (EUR) | | | 3.50 | | | | 4-25-15 | | | | 2,500,000 | | | | 3,413,826 | |
France Government Bond (EUR) | | | 3.50 | | | | 4-25-20 | | | | 2,700,000 | | | | 3,822,605 | |
France Government Bond (EUR) | | | 3.50 | | | | 4-25-26 | | | | 1,650,000 | | | | 2,275,560 | |
France Government Bond (EUR) | | | 3.75 | | | | 4-25-17 | | | | 1,900,000 | | | | 2,703,125 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 67 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Foreign Government Bonds @ (continued) | | | | | | | | | | | | | | | | |
France Government Bond (EUR) | | | 3.75 | % | | | 10-25-19 | | | | 2,000,000 | | | $ | 2,878,224 | |
France Government Bond (EUR) | | | 3.75 | | | | 4-25-21 | | | | 1,750,000 | | | | 2,510,411 | |
France Government Bond (EUR) | | | 4.00 | | | | 10-25-13 | | | | 1,850,000 | | | | 2,431,409 | |
France Government Bond (EUR) | | | 4.00 | | | | 4-25-14 | | | | 1,050,000 | | | | 1,404,791 | |
France Government Bond (EUR) | | | 4.00 | | | | 10-25-14 | | | | 2,000,000 | | | | 2,720,269 | |
France Government Bond (EUR) | | | 4.00 | | | | 4-25-18 | | | | 2,750,000 | | | | 3,995,052 | |
France Government Bond (EUR) | | | 4.00 | | | | 10-25-38 | | | | 1,500,000 | | | | 2,197,439 | |
France Government Bond (EUR) | | | 4.00 | | | | 4-25-55 | | | | 1,150,000 | | | | 1,725,190 | |
France Government Bond (EUR) | | | 4.00 | | | | 4-25-60 | | | | 650,000 | | | | 969,098 | |
France Government Bond (EUR) | | | 4.25 | | | | 10-25-17 | | | | 1,350,000 | | | | 1,971,752 | |
France Government Bond (EUR) | | | 4.25 | | | | 10-25-18 | | | | 2,150,000 | | | | 3,168,052 | |
France Government Bond (EUR) | | | 4.25 | | | | 4-25-19 | | | | 2,950,000 | | | | 4,361,704 | |
France Government Bond (EUR) | | | 4.25 | | | | 10-25-23 | | | | 1,150,000 | | | | 1,714,935 | |
France Government Bond (EUR) | | | 4.50 | | | | 4-25-41 | | | | 1,850,000 | | | | 2,943,799 | |
France Government Bond (EUR) | | | 4.75 | | | | 4-25-35 | | | | 2,400,000 | | | | 3,874,648 | |
France Government Bond (EUR) | | | 5.00 | | | | 10-25-16 | | | | 2,550,000 | | | | 3,770,518 | |
France Government Bond (EUR) | | | 5.50 | | | | 4-25-29 | | | | 2,150,000 | | | | 3,654,280 | |
France Government Bond (EUR) | | | 5.75 | | | | 10-25-32 | | | | 1,250,000 | | | | 2,241,211 | |
France Government Bond (EUR) | | | 6.00 | | | | 10-25-25 | | | | 1,600,000 | | | | 2,778,027 | |
France Government Bond (EUR) | | | 8.50 | | | | 10-25-19 | | | | 900,000 | | | | 1,660,900 | |
France Government Bond (EUR) | | | 8.50 | | | | 4-25-23 | | | | 800,000 | | | | 1,594,900 | |
French Treasury Note (EUR) | | | 1.75 | | | | 2-25-17 | | | | 2,400,000 | | | | 3,141,461 | |
French Treasury Note (EUR) | | | 2.00 | | | | 9-25-13 | | | | 1,150,000 | | | | 1,476,123 | |
French Treasury Note (EUR) | | | 2.00 | | | | 7-12-15 | | | | 2,050,000 | | | | 2,704,578 | |
French Treasury Note (EUR) | | | 2.25 | | | | 2-25-16 | | | | 1,500,000 | | | | 2,002,045 | |
French Treasury Note (EUR) | | | 2.50 | | | | 1-12-14 | | | | 2,300,000 | | | | 2,987,267 | |
French Treasury Note (EUR) | | | 2.50 | | | | 1-15-15 | | | | 1,750,000 | | | | 2,320,870 | |
French Treasury Note (EUR) | | | 2.50 | | | | 7-25-16 | | | | 1,400,000 | | | | 1,888,234 | |
Germany Government Bond (EUR) | | | 0.25 | | | | 12-13-13 | | | | 750,000 | | | | 946,671 | |
Germany Government Bond (EUR) | | | 0.25 | | | | 3-14-14 | | | | 900,000 | | | | 1,136,854 | |
Germany Government Bond (EUR) | | | 0.75 | | | | 2-24-17 | | | | 1,250,000 | | | | 1,602,359 | |
Germany Government Bond (EUR) | | | 1.75 | | | | 10-9-15 | | | | 1,100,000 | | | | 1,456,536 | |
Germany Government Bond (EUR) | | | 2.25 | | | | 4-11-14 | | | | 1,650,000 | | | | 2,151,349 | |
Germany Government Bond (EUR) | | | 2.25 | | | | 4-10-15 | | | | 1,750,000 | | | | 2,330,754 | |
Germany Government Bond (EUR) | | | 2.50 | | | | 10-10-14 | | | | 1,200,000 | | | | 1,589,703 | |
Germany Government Bond (EUR) | | | 2.50 | | | | 2-27-15 | | | | 1,300,000 | | | | 1,737,810 | |
Germany Government Bond (EUR) | | | 3.75 | | | | 1-4-17 | | | | 1,200,000 | | | | 1,735,975 | |
Germany Government Bond (EUR) | | | 4.00 | | | | 1-4-18 | | | | 1,000,000 | | | | 1,490,933 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 2.25 | | | | 11-1-13 | | | | 1,600,000 | | | | 2,013,881 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 2.50 | | | | 3-1-15 | | | | 1,000,000 | | | | 1,234,675 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 3.00 | | | | 4-1-14 | | | | 1,350,000 | | | | 1,707,802 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 3.00 | | | | 4-15-15 | | | | 1,200,000 | | | | 1,493,512 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 3.00 | | | | 6-15-15 | | | | 1,350,000 | | | | 1,676,635 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 3.00 | | | | 11-1-15 | | | | 1,250,000 | | | | 1,539,200 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 3.50 | | | | 6-1-14 | | | | 1,500,000 | | | | 1,910,661 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 3.75 | | | | 12-15-13 | | | | 1,700,000 | | | | 2,175,705 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 3.75 | | | | 8-1-15 | | | | 1,800,000 | | | | 2,269,338 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 3.75 | | | | 4-15-16 | | | | 2,600,000 | | | | 3,249,023 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 3.75 | | | | 8-1-16 | | | | 1,750,000 | | | | 2,167,935 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 3.75 | | | | 3-1-21 | | | | 1,700,000 | | | | 1,893,130 | |
| | | | |
| 68 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Foreign Government Bonds @ (continued) | | | | | | | | | | | | | | | | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 3.75 | % | | | 8-1-21 | | | | 1,900,000 | | | $ | 2,090,677 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.00 | | | | 2-1-17 | | | | 1,000,000 | | | | 1,238,178 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.00 | | | | 9-1-20 | | | | 2,000,000 | | | | 2,289,797 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.00 | | | | 2-1-37 | | | | 1,500,000 | | | | 1,445,514 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.25 | | | | 8-1-13 | | | | 2,100,000 | | | | 2,691,106 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.25 | | | | 7-1-14 | | | | 1,000,000 | | | | 1,288,993 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.25 | | | | 8-1-14 | | | | 2,050,000 | | | | 2,640,735 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.25 | | | | 2-1-15 | | | | 1,650,000 | | | | 2,124,681 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.25 | | | | 2-1-19 | | | | 2,050,000 | | | | 2,464,211 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.25 | | | | 9-1-19 | | | | 1,300,000 | | | | 1,546,254 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.25 | | | | 3-1-20 | | | | 2,150,000 | | | | 2,519,406 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.50 | | | | 2-1-18 | | | | 2,750,000 | | | | 3,410,248 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.50 | | | | 8-1-18 | | | | 1,000,000 | | | | 1,232,216 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.50 | | | | 3-1-19 | | | | 2,000,000 | | | | 2,423,026 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.50 | | | | 2-1-20 | | | | 1,800,000 | | | | 2,148,483 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.50 | | | | 3-1-26 | | | | 1,550,000 | | | | 1,695,363 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.75 | | | | 9-15-16 | | | | 2,500,000 | | | | 3,187,328 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.75 | | | | 6-1-17 | | | | 1,500,000 | | | | 1,886,247 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.75 | | | | 9-1-21 | | | | 2,450,000 | | | | 2,897,391 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 4.75 | | | | 8-1-23 | | | | 1,750,000 | | | | 2,017,442 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 5.00 | | | | 3-1-22 | | | | 2,200,000 | | | | 2,630,592 | |
Italy Buoni Poliennali del Tesoro (EUR) 144A | | | 5.00 | | | | 3-1-25 | | | | 1,550,000 | | | | 1,787,774 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 5.00 | | | | 8-1-34 | | | | 1,400,000 | | | | 1,517,420 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 5.00 | | | | 8-1-39 | | | | 1,400,000 | | | | 1,496,958 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 5.00 | | | | 9-1-40 | | | | 1,950,000 | | | | 2,079,162 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 5.25 | | | | 8-1-17 | | | | 1,700,000 | | | | 2,189,706 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 5.25 | | | | 11-1-29 | | | | 2,100,000 | | | | 2,435,405 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 5.50 | | | | 9-1-22 | | | | 1,000,000 | | | | 1,232,694 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 5.75 | | | | 2-1-33 | | | | 1,450,000 | | | | 1,733,531 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 6.00 | | | | 11-15-14 | | | | 1,900,000 | | | | 2,534,915 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 6.00 | | | | 5-1-31 | | | | 2,450,000 | | | | 3,035,694 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 6.50 | | | | 11-1-27 | | | | 2,050,000 | | | | 2,658,815 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 7.25 | | | | 11-1-26 | | | | 950,000 | | | | 1,323,482 | |
Italy Buoni Poliennali del Tesoro (EUR) | | | 9.00 | | | | 11-1-23 | | | | 730,000 | | | | 1,138,469 | |
Italy Certificati di Credito del Tesoro (EUR) ¤ | | | 0.00 | | | | 9-30-13 | | | | 1,250,000 | | | | 1,537,415 | |
Italy Certificati di Credito del Tesoro (EUR) ¤ | | | 0.00 | | | | 1-31-14 | | | | 750,000 | | | | 910,235 | |
Japan Government Five Year Bond Series 102 (JPY) | | | 0.30 | | | | 12-20-16 | | | | 240,000,000 | | | | 3,081,352 | |
Japan Government Five Year Bond Series 103 (JPY) | | | 0.30 | | | | 3-20-17 | | | | 400,000,000 | | | | 5,132,675 | |
Japan Government Five Year Bond Series 126 (JPY) | | | 2.00 | | | | 3-20-31 | | | | 160,000,000 | | | | 2,175,387 | |
Japan Government Five Year Bond Series 66 (JPY) | | | 0.40 | | | | 9-20-16 | | | | 1,525,000,000 | | | | 19,667,212 | |
Japan Government Five Year Bond Series 78 (JPY) | | | 0.90 | | | | 12-20-13 | | | | 880,000,000 | | | | 11,354,838 | |
Japan Government Five Year Bond Series 79 (JPY) | | | 0.70 | | | | 12-20-13 | | | | 275,000,000 | | | | 3,539,332 | |
Japan Government Five Year Bond Series 81 (JPY) | | | 0.80 | | | | 3-20-14 | | | | 270,000,000 | | | | 3,485,416 | |
Japan Government Five Year Bond Series 82 (JPY) | | | 0.90 | | | | 3-20-14 | | | | 75,000,000 | | | | 969,645 | |
Japan Government Five Year Bond Series 83 (JPY) | | | 0.90 | | | | 6-20-14 | | | | 275,000,000 | | | | 3,562,303 | |
Japan Government Five Year Bond Series 84 (JPY) | | | 0.70 | | | | 6-20-14 | | | | 500,000,000 | | | | 6,455,227 | |
Japan Government Five Year Bond Series 85 (JPY) | | | 0.70 | | | | 9-20-14 | | | | 350,000,000 | | | | 4,524,448 | |
Japan Government Five Year Bond Series 86 (JPY) | | | 0.60 | | | | 9-20-14 | | | | 150,000,000 | | | | 1,935,537 | |
Japan Government Five Year Bond Series 87 (JPY) | | | 0.50 | | | | 12-20-14 | | | | 595,000,000 | | | | 7,667,692 | |
Japan Government Five Year Bond Series 88 (JPY) | | | 0.50 | | | | 3-20-15 | | | | 569,000,000 | | | | 7,339,399 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 69 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Foreign Government Bonds @ (continued) | | | | | | | | | | | | | | | | |
Japan Government Five Year Bond Series 89 (JPY) | | | 0.40 | % | | | 6-20-15 | | | | 542,000,000 | | | $ | 6,978,180 | |
Japan Government Five Year Bond Series 90 (JPY) | | | 0.30 | | | | 6-20-15 | | | | 300,000,000 | | | | 3,851,786 | |
Japan Government Five Year Bond Series 91 (JPY) | | | 0.40 | | | | 9-20-15 | | | | 415,000,000 | | | | 5,346,273 | |
Japan Government Five Year Bond Series 93 (JPY) | | | 0.50 | | | | 12-20-15 | | | | 335,000,000 | | | | 4,331,292 | |
Japan Government Five Year Bond Series 94 (JPY) | | | 0.60 | | | | 12-20-15 | | | | 460,000,000 | | | | 5,966,734 | |
Japan Government Five Year Bond Series 96 (JPY) | | | 0.50 | | | | 3-20-16 | | | | 400,000,000 | | | | 5,174,619 | |
Japan Government Five Year Bond Series 97 (JPY) | | | 0.40 | | | | 6-20-16 | | | | 590,000,000 | | | | 7,607,944 | |
Japan Government Forty Year Bond Series 1 (JPY) | | | 2.40 | | | | 3-20-48 | | | | 136,500,000 | | | | 1,906,915 | |
Japan Government Forty Year Bond Series 2 (JPY) | | | 2.20 | | | | 3-20-49 | | | | 41,000,000 | | | | 545,312 | |
Japan Government Forty Year Bond Series 3 (JPY) | | | 2.20 | | | | 3-20-50 | | | | 148,000,000 | | | | 1,954,426 | |
Japan Government Ten Year Bond Series 253 (JPY) | | | 1.60 | | | | 9-20-13 | | | | 1,037,000,000 | | | | 13,452,285 | |
Japan Government Ten Year Bond Series 256 (JPY) | | | 1.40 | | | | 12-20-13 | | | | 400,000,000 | | | | 5,194,222 | |
Japan Government Ten Year Bond Series 259 (JPY) | | | 1.50 | | | | 3-20-14 | | | | 525,000,000 | | | | 6,849,455 | |
Japan Government Ten Year Bond Series 261 (JPY) | | | 1.80 | | | | 6-20-14 | | | | 500,000,000 | | | | 6,580,854 | |
Japan Government Ten Year Bond Series 264 (JPY) | | | 1.50 | | | | 9-20-14 | | | | 151,500,000 | | | | 1,989,993 | |
Japan Government Ten Year Bond Series 265 (JPY) | | | 1.50 | | | | 12-20-14 | | | | 498,000,000 | | | | 6,563,124 | |
Japan Government Ten Year Bond Series 269 (JPY) | | | 1.30 | | | | 3-20-15 | | | | 547,000,000 | | | | 7,197,415 | |
Japan Government Ten Year Bond Series 270 (JPY) | | | 1.30 | | | | 6-20-15 | | | | 282,000,000 | | | | 3,720,999 | |
Japan Government Ten Year Bond Series 273 (JPY) | | | 1.50 | | | | 9-20-15 | | | | 330,000,000 | | | | 4,391,961 | |
Japan Government Ten Year Bond Series 276 (JPY) | | | 1.60 | | | | 12-20-15 | | | | 662,000,000 | | | | 8,864,450 | |
Japan Government Ten Year Bond Series 277 (JPY) | | | 1.60 | | | | 3-20-16 | | | | 253,000,000 | | | | 3,398,472 | |
Japan Government Ten Year Bond Series 279 (JPY) | | | 2.00 | | | | 3-20-16 | | | | 100,000,000 | | | | 1,361,310 | |
Japan Government Ten Year Bond Series 280 (JPY) | | | 1.90 | | | | 6-20-16 | | | | 400,000,000 | | | | 5,447,490 | |
Japan Government Ten Year Bond Series 282 (JPY) | | | 1.70 | | | | 9-20-16 | | | | 495,000,000 | | | | 6,714,728 | |
Japan Government Ten Year Bond Series 284 (JPY) | | | 1.70 | | | | 12-20-16 | | | | 330,000,000 | | | | 4,490,816 | |
Japan Government Ten Year Bond Series 285 (JPY) | | | 1.70 | | | | 3-20-17 | | | | 700,000,000 | | | | 9,551,954 | |
Japan Government Ten Year Bond Series 286 (JPY) | | | 1.80 | | | | 6-20-17 | | | | 325,000,000 | | | | 4,464,021 | |
Japan Government Ten Year Bond Series 288 (JPY) | | | 1.70 | | | | 9-20-17 | | | | 700,000,000 | | | | 9,600,197 | |
Japan Government Ten Year Bond Series 289 (JPY) | | | 1.50 | | | | 12-20-17 | | | | 440,000,000 | | | | 5,985,574 | |
Japan Government Ten Year Bond Series 290 (JPY) | | | 1.40 | | | | 3-20-18 | | | | 125,000,000 | | | | 1,694,431 | |
Japan Government Ten Year Bond Series 292 (JPY) | | | 1.70 | | | | 3-20-18 | | | | 200,000,000 | | | | 2,753,192 | |
Japan Government Ten Year Bond Series 293 (JPY) | | | 1.80 | | | | 6-20-18 | | | | 300,000,000 | | | | 4,159,580 | |
Japan Government Ten Year Bond Series 296 (JPY) | | | 1.50 | | | | 9-20-18 | | | | 630,000,000 | | | | 8,602,906 | |
Japan Government Ten Year Bond Series 297 (JPY) | | | 1.40 | | | | 12-20-18 | | | | 525,000,000 | | | | 7,133,630 | |
Japan Government Ten Year Bond Series 298 (JPY) | | | 1.30 | | | | 12-20-18 | | | | 300,000,000 | | | | 4,057,470 | |
Japan Government Ten Year Bond Series 301 (JPY) | | | 1.50 | | | | 6-20-19 | | | | 320,000,000 | | | | 4,382,089 | |
Japan Government Ten Year Bond Series 302 (JPY) | | | 1.40 | | | | 6-20-19 | | | | 250,000,000 | | | | 3,402,152 | |
Japan Government Ten Year Bond Series 303 (JPY) | | | 1.40 | | | | 9-20-19 | | | | 370,000,000 | | | | 5,036,215 | |
Japan Government Ten Year Bond Series 305 (JPY) | | | 1.30 | | | | 12-20-19 | | | | 525,000,000 | | | | 7,097,776 | |
Japan Government Ten Year Bond Series 306 (JPY) | | | 1.40 | | | | 3-20-20 | | | | 450,000,000 | | | | 6,123,885 | |
Japan Government Ten Year Bond Series 307 (JPY) | | | 1.30 | | | | 3-20-20 | | | | 150,000,000 | | | | 2,027,141 | |
Japan Government Ten Year Bond Series 308 (JPY) | | | 1.30 | | | | 6-20-20 | | | | 758,000,000 | | | | 10,237,923 | |
Japan Government Ten Year Bond Series 309 (JPY) | | | 1.10 | | | | 6-20-20 | | | | 150,000,000 | | | | 1,996,788 | |
Japan Government Ten Year Bond Series 311 (JPY) | | | 0.80 | | | | 9-20-20 | | | | 202,000,000 | | | | 2,625,074 | |
Japan Government Ten Year Bond Series 313 (JPY) | | | 1.30 | | | | 3-20-21 | | | | 517,000,000 | | | | 6,963,074 | |
Japan Government Ten Year Bond Series 318 (JPY) | | | 1.00 | | | | 9-20-21 | | | | 150,000,000 | | | | 1,964,482 | |
Japan Government Ten Year Bond Series 320 (JPY) | | | 1.00 | | | | 12-20-21 | | | | 725,000,000 | | | | 9,476,281 | |
Japan Government Ten Year Bond Series 321 (JPY) | | | 1.00 | | | | 3-20-22 | | | | 600,000,000 | | | | 7,826,201 | |
Japan Government Ten Year Bond Series 322 (JPY) | | | 0.90 | | | | 3-20-22 | | | | 400,000,000 | | | | 5,170,552 | |
Japan Government Ten Year Bond Series 64 (JPY) | | | 1.90 | | | | 9-20-23 | | | | 528,500,000 | | | | 7,431,313 | |
| | | | |
| 70 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Foreign Government Bonds @ (continued) | | | | | | | | | | | | | | | | |
Japan Government Thirty Year Bond Series 1 (JPY) | | | 2.30 | % | | | 3-20-40 | | | | 590,000,000 | | | $ | 8,256,112 | |
Japan Government Thirty Year Bond Series 11 (JPY) | | | 1.70 | | | | 6-20-33 | | | | 122,000,000 | | | | 1,559,641 | |
Japan Government Thirty Year Bond Series 14 (JPY) | | | 2.40 | | | | 3-20-34 | | | | 125,000,000 | | | | 1,792,013 | |
Japan Government Thirty Year Bond Series 15 (JPY) | | | 2.50 | | | | 6-20-34 | | | | 95,000,000 | | | | 1,383,520 | |
Japan Government Thirty Year Bond Series 18 (JPY) | | | 2.30 | | | | 3-20-35 | | | | 590,500,000 | | | | 8,302,349 | |
Japan Government Thirty Year Bond Series 23 (JPY) | | | 2.50 | | | | 6-20-36 | | | | 150,000,000 | | | | 2,178,756 | |
Japan Government Thirty Year Bond Series 25 (JPY) | | | 2.30 | | | | 12-20-36 | | | | 190,000,000 | | | | 2,663,786 | |
Japan Government Thirty Year Bond Series 26 (JPY) | | | 2.40 | | | | 3-20-37 | | | | 110,000,000 | | | | 1,569,265 | |
Japan Government Thirty Year Bond Series 27 (JPY) | | | 2.50 | | | | 9-20-37 | | | | 140,000,000 | | | | 2,031,664 | |
Japan Government Thirty Year Bond Series 28 (JPY) | | | 2.50 | | | | 3-20-38 | | | | 325,000,000 | | | | 4,723,959 | |
Japan Government Thirty Year Bond Series 29 (JPY) | | | 2.40 | | | | 9-20-38 | | | | 120,000,000 | | | | 1,708,523 | |
Japan Government Thirty Year Bond Series 3 (JPY) | | | 2.30 | | | | 5-20-30 | | | | 100,000,000 | | | | 1,421,462 | |
Japan Government Thirty Year Bond Series 30 (JPY) | | | 2.30 | | | | 3-20-39 | | | | 210,000,000 | | | | 2,937,868 | |
Japan Government Thirty Year Bond Series 31 (JPY) | | | 2.20 | | | | 9-20-39 | | | | 135,000,000 | | | | 1,846,440 | |
Japan Government Thirty Year Bond Series 34 (JPY) | | | 2.20 | | | | 3-20-41 | | | | 445,000,000 | | | | 6,077,383 | |
Japan Government Thirty Year Bond Series 36 (JPY) | | | 2.00 | | | | 3-20-42 | | | | 80,000,000 | | | | 1,043,621 | |
Japan Government Thirty Year Bond Series 4 (JPY) | | | 2.90 | | | | 11-20-30 | | | | 40,000,000 | | | | 616,368 | |
Japan Government Twenty Year Bond Series 100 (JPY) | | | 2.20 | | | | 3-20-28 | | | | 250,000,000 | | | | 3,546,104 | |
Japan Government Twenty Year Bond Series 102 (JPY) | | | 2.40 | | | | 6-20-28 | | | | 210,000,000 | | | | 3,050,784 | |
Japan Government Twenty Year Bond Series 105 (JPY) | | | 2.10 | | | | 9-20-28 | | | | 200,000,000 | | | | 2,793,593 | |
Japan Government Twenty Year Bond Series 108 (JPY) | | | 1.90 | | | | 12-20-28 | | | | 322,000,000 | | | | 4,372,620 | |
Japan Government Twenty Year Bond Series 110 (JPY) | | | 2.10 | | | | 3-20-29 | | | | 680,000,000 | | | | 9,471,555 | |
Japan Government Twenty Year Bond Series 112 (JPY) | | | 2.10 | | | | 6-20-29 | | | | 173,000,000 | | | | 2,405,910 | |
Japan Government Twenty Year Bond Series 113 (JPY) | | | 2.10 | | | | 9-20-29 | | | | 200,000,000 | | | | 2,784,934 | |
Japan Government Twenty Year Bond Series 115 (JPY) | | | 2.20 | | | | 12-20-29 | | | | 160,000,000 | | | | 2,251,996 | |
Japan Government Twenty Year Bond Series 116 (JPY) | | | 2.20 | | | | 3-20-30 | | | | 100,000,000 | | | | 1,405,380 | |
Japan Government Twenty Year Bond Series 117 (JPY) | | | 2.10 | | | | 3-20-30 | | | | 200,000,000 | | | | 2,771,641 | |
Japan Government Twenty Year Bond Series 118 (JPY) | | | 2.00 | | | | 6-20-30 | | | | 70,000,000 | | | | 954,464 | |
Japan Government Twenty Year Bond Series 120 (JPY) | | | 1.60 | | | | 6-20-30 | | | | 326,500,000 | | | | 4,193,716 | |
Japan Government Twenty Year Bond Series 121 (JPY) | | | 1.90 | | | | 9-20-30 | | | | 135,000,000 | | | | 1,810,326 | |
Japan Government Twenty Year Bond Series 123 (JPY) | | | 2.10 | | | | 12-20-30 | | | | 240,000,000 | | | | 3,310,633 | |
Japan Government Twenty Year Bond Series 125 (JPY) | | | 2.20 | | | | 3-20-31 | | | | 100,000,000 | | | | 1,398,318 | |
Japan Government Twenty Year Bond Series 127 (JPY) | | | 1.90 | | | | 3-20-31 | | | | 155,000,000 | | | | 2,075,741 | |
Japan Government Twenty Year Bond Series 128 (JPY) | | | 1.90 | | | | 6-20-31 | | | | 615,000,000 | | | | 8,223,256 | |
Japan Government Twenty Year Bond Series 133 (JPY) | | | 1.80 | | | | 12-20-31 | | | | 265,000,000 | | | | 3,476,734 | |
Japan Government Twenty Year Bond Series 26 (JPY) | | | 4.50 | | | | 9-22-14 | | | | 165,000,000 | | | | 2,296,694 | |
Japan Government Twenty Year Bond Series 281 (JPY) | | | 2.00 | | | | 6-20-16 | | | | 335,000,000 | | | | 4,580,119 | |
Japan Government Twenty Year Bond Series 30 (JPY) | | | 3.70 | | | | 9-21-15 | | | | 100,000,000 | | | | 1,416,707 | |
Japan Government Twenty Year Bond Series 37 (JPY) | | | 3.10 | | | | 9-20-17 | | | | 250,000,000 | | | | 3,652,580 | |
Japan Government Twenty Year Bond Series 41 (JPY) | | | 1.50 | | | | 3-20-19 | | | | 395,000,000 | | | | 5,406,008 | |
Japan Government Twenty Year Bond Series 45 (JPY) | | | 2.40 | | | | 3-20-20 | | | | 430,000,000 | | | | 6,257,443 | |
Japan Government Twenty Year Bond Series 50 (JPY) | | | 1.90 | | | | 3-22-21 | | | | 629,000,000 | | | | 8,871,499 | |
Japan Government Twenty Year Bond Series 52 (JPY) | | | 2.10 | | | | 9-21-21 | | | | 408,000,000 | | | | 5,844,533 | |
Japan Government Twenty Year Bond Series 58 (JPY) | | | 1.90 | | | | 9-20-22 | | | | 80,000,000 | | | | 1,127,112 | |
Japan Government Twenty Year Bond Series 62 (JPY) | | | 0.80 | | | | 6-20-23 | | | | 82,000,000 | | | | 1,035,643 | |
Japan Government Twenty Year Bond Series 67 (JPY) | | | 1.90 | | | | 3-20-24 | | | | 173,000,000 | | | | 2,426,218 | |
Japan Government Twenty Year Bond Series 70 (JPY) | | | 2.40 | | | | 6-20-24 | | | | 488,000,000 | | | | 7,182,180 | |
Japan Government Twenty Year Bond Series 73 (JPY) | | | 2.00 | | | | 12-20-24 | | | | 298,500,000 | | | | 4,221,216 | |
Japan Government Twenty Year Bond Series 82 (JPY) | | | 2.10 | | | | 9-20-25 | | | | 255,000,000 | | | | 3,633,200 | |
Japan Government Twenty Year Bond Series 86 (JPY) | | | 2.30 | | | | 3-20-26 | | | | 230,000,000 | | | | 3,337,845 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 71 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Foreign Government Bonds @ (continued) | | | | | | | | | | | | | | | | |
Japan Government Twenty Year Bond Series 88 (JPY) | | | 2.30 | % | | | 6-20-26 | | | | 375,000,000 | | | $ | 5,435,749 | |
Japan Government Twenty Year Bond Series 90 (JPY) | | | 2.20 | | | | 9-20-26 | | | | 150,000,000 | | | | 2,149,693 | |
Japan Government Twenty Year Bond Series 92 (JPY) | | | 2.10 | | | | 12-20-26 | | | | 230,000,000 | | | | 3,253,641 | |
Japan Government Twenty Year Bond Series 93 (JPY) | | | 2.00 | | | | 3-20-27 | | | | 420,000,000 | | | | 5,854,031 | |
Japan Government Twenty Year Bond Series 95 (JPY) | | | 2.30 | | | | 6-20-27 | | | | 165,000,000 | | | | 2,379,987 | |
Japan Government Twenty Year Bond Series 97 (JPY) | | | 2.20 | | | | 9-20-27 | | | | 200,000,000 | | | | 2,850,126 | |
Japan Government Twenty Year Bond Series 99 (JPY) | | | 2.10 | | | | 12-20-27 | | | | 200,000,000 | | | | 2,804,795 | |
Japan Government Two Year Bond Series 11 (JPY) | | | 0.10 | | | | 9-15-13 | | | | 475,000,000 | | | | 6,066,550 | |
Japan Government Two Year Bond Series 17 (JPY) | | | 2.40 | | | | 12-20-34 | | | | 60,000,000 | | | | 859,514 | |
Japan Government Two Year Bond Series 300 (JPY) | | | 0.20 | | | | 11-15-13 | | | | 230,000,000 | | | | 2,940,965 | |
Japan Government Two Year Bond Series 312 (JPY) | | | 0.10 | | | | 1-15-14 | | | | 575,000,000 | | | | 7,343,579 | |
Japan Government Two Year Bond Series 315 (JPY) | | | 1.20 | | | | 6-20-21 | | | | 865,000,000 | | | | 11,540,456 | |
Japan Government Two Year Bond Series 316 (JPY) | | | 0.10 | | | | 5-15-14 | | | | 235,000,000 | | | | 3,001,229 | |
Netherlands Government Bond (EUR) 144A | | | 0.75 | | | | 4-15-15 | | | | 1,550,000 | | | | 1,981,154 | |
Netherlands Government Bond (EUR) 144A | | | 1.00 | | | | 1-15-14 | | | | 1,200,000 | | | | 1,529,283 | |
Netherlands Government Bond (EUR) 144A | | | 2.50 | | | | 1-15-17 | | | | 900,000 | | | | 1,223,646 | |
Netherlands Government Bond (EUR) 144A | | | 2.50 | | | | 1-15-33 | | | | 900,000 | | | | 1,166,814 | |
Netherlands Government Bond (EUR) 144A | | | 2.75 | | | | 1-15-15 | | | | 1,200,000 | | | | 1,603,769 | |
Netherlands Government Bond (EUR) 144A | | | 3.25 | | | | 7-15-21 | | | | 1,500,000 | | | | 2,150,593 | |
Netherlands Government Bond (EUR) 144A | | | 3.50 | | | | 7-15-20 | | | | 1,400,000 | | | | 2,038,635 | |
Netherlands Government Bond (EUR) 144A | | | 3.75 | | | | 7-15-14 | | | | 1,000,000 | | | | 1,344,337 | |
Netherlands Government Bond (EUR) 144A | | | 3.75 | | | | 1-15-23 | | | | 850,000 | | | | 1,267,294 | |
Netherlands Government Bond (EUR) 144A | | | 3.75 | | | | 1-15-42 | | | | 950,000 | | | | 1,551,877 | |
Netherlands Government Bond (EUR) 144A | | | 4.00 | | | | 7-15-16 | | | | 950,000 | | | | 1,357,179 | |
Netherlands Government Bond (EUR) 144A | | | 4.00 | | | | 7-15-18 | | | | 1,000,000 | | | | 1,472,645 | |
Netherlands Government Bond (EUR) 144A | | | 4.00 | | | | 7-15-19 | | | | 1,250,000 | | | | 1,864,322 | |
Netherlands Government Bond (EUR) 144A | | | 4.00 | | | | 1-15-37 | | | | 853,000 | | | | 1,415,363 | |
Netherlands Government Bond (EUR) 144A | | | 4.50 | | | | 7-15-17 | | | | 1,600,000 | | | | 2,375,129 | |
Netherlands Government Bond (EUR) 144A | | | 5.50 | | | | 1-15-28 | | | | 810,000 | | | | 1,467,635 | |
Netherlands Government Bond (EUR) 144A | | | 7.50 | | | | 1-15-23 | | | | 335,000 | | | | 648,823 | |
Spain Government Bond (EUR) | | | 2.50 | | | | 10-31-13 | | | | 1,350,000 | | | | 1,679,209 | |
Spain Government Bond (EUR) | | | 3.00 | | | | 4-30-15 | | | | 1,250,000 | | | | 1,518,322 | |
Spain Government Bond (EUR) | | | 3.15 | | | | 1-31-16 | | | | 1,000,000 | | | | 1,180,646 | |
Spain Government Bond (EUR) | | | 3.25 | | | | 4-30-16 | | | | 1,800,000 | | | | 2,115,784 | |
Spain Government Bond (EUR) | | | 3.30 | | | | 10-31-14 | | | | 1,000,000 | | | | 1,241,977 | |
Spain Government Bond (EUR) | | | 3.40 | | | | 4-30-14 | | | | 1,800,000 | | | | 2,255,491 | |
Spain Government Bond (EUR) | | | 3.80 | | | | 1-31-17 | | | | 1,400,000 | | | | 1,635,755 | |
Spain Government Bond (EUR) | | | 4.00 | | | | 7-30-15 | | | | 1,000,000 | | | | 1,236,346 | |
Spain Government Bond (EUR) | | | 4.00 | | | | 4-30-20 | | | | 750,000 | | | | 799,576 | |
Spain Government Bond (EUR) | | | 4.20 | | | | 1-31-37 | | | | 900,000 | | | | 729,587 | |
Spain Government Bond (EUR) | | | 4.25 | | | | 1-31-14 | | | | 1,000,000 | | | | 1,270,040 | |
Spain Government Bond (EUR) | | | 4.25 | | | | 10-31-16 | | | | 1,350,000 | | | | 1,618,119 | |
Spain Government Bond (EUR) | | | 4.30 | | | | 10-31-19 | | | | 1,800,000 | | | | 1,980,944 | |
Spain Government Bond (EUR) | | | 4.40 | | | | 1-31-15 | | | | 1,852,000 | | | | 2,343,984 | |
Spain Government Bond (EUR) | | | 4.60 | | | | 7-30-19 | | | | 2,200,000 | | | | 2,490,366 | |
Spain Government Bond (EUR) | | | 4.65 | | | | 7-30-25 | | | | 1,400,000 | | | | 1,375,772 | |
Spain Government Bond (EUR) | | | 4.70 | | | | 7-30-41 | | | | 850,000 | | | | 729,412 | |
Spain Government Bond (EUR) | | | 4.75 | | | | 7-30-14 | | | | 1,900,000 | | | | 2,430,064 | |
Spain Government Bond (EUR) | | | 4.80 | | | | 1-31-24 | | | | 900,000 | | | | 920,945 | |
Spain Government Bond (EUR) | | | 4.85 | | | | 10-31-20 | | | | 1,450,000 | | | | 1,607,725 | |
| | | | |
| 72 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Foreign Government Bonds @ (continued) | | | | | | | | | | | | | | | | |
Spain Government Bond (EUR) | | | 4.90 | % | | | 7-30-40 | | | | 1,000,000 | | | $ | 886,095 | |
Spain Government Bond (EUR) | | | 5.50 | | | | 7-30-17 | | | | 1,300,000 | | | | 1,611,430 | |
Spain Government Bond (EUR) | | | 5.50 | | | | 4-30-21 | | | | 2,050,000 | | | | 2,352,000 | |
Spain Government Bond (EUR) | | | 5.75 | | | | 7-30-32 | | | | 1,200,000 | | | | 1,260,802 | |
Spain Government Bond (EUR) | | | 5.85 | | | | 1-31-22 | | | | 750,000 | | | | 875,372 | |
Spain Government Bond (EUR) | | | 5.90 | | | | 7-30-26 | | | | 1,150,000 | | | | 1,269,636 | |
Spain Government Bond (EUR) | | | 6.00 | | | | 1-31-29 | | | | 1,100,000 | | | | 1,215,378 | |
Sweden Government Bond Series 1041 (SEK) | | | 6.75 | | | | 5-5-14 | | | | 9,300,000 | | | | 1,540,254 | |
Sweden Government Bond Series 1047 (SEK) | | | 5.00 | | | | 12-1-20 | | | | 8,340,000 | | | | 1,620,294 | |
Sweden Government Bond Series 1049 (SEK) | | | 4.50 | | | | 8-12-15 | | | | 1,300,000 | | | | 216,653 | |
Sweden Government Bond Series 1050 (SEK) | | | 3.00 | | | | 7-12-16 | | | | 4,800,000 | | | | 780,345 | |
Sweden Government Bond Series 1051 (SEK) | | | 3.75 | | | | 8-12-17 | | | | 4,000,000 | | | | 682,996 | |
Sweden Government Bond Series 1052 (SEK) | | | 4.25 | | | | 3-12-19 | | | | 6,000,000 | | | | 1,080,547 | |
Sweden Government Bond Series 1053 (SEK) | | | 3.50 | | | | 3-30-39 | | | | 4,250,000 | | | | 837,845 | |
United Kingdom Gilt (GBP) | | | 1.00 | | | | 9-7-17 | | | | 1,000,000 | | | | 1,616,131 | |
United Kingdom Gilt (GBP) | | | 1.75 | | | | 1-22-17 | | | | 2,300,000 | | | | 3,851,788 | |
United Kingdom Gilt (GBP) | | | 2.00 | | | | 1-22-16 | | | | 2,350,000 | | | | 3,945,523 | |
United Kingdom Gilt (GBP) | | | 2.25 | | | | 3-7-14 | | | | 1,850,000 | | | | 3,032,495 | |
United Kingdom Gilt (GBP) | | | 2.75 | | | | 1-22-15 | | | | 2,200,000 | | | | 3,709,471 | |
United Kingdom Gilt (GBP) | | | 3.75 | | | | 9-7-19 | | | | 2,200,000 | | | | 4,147,737 | |
United Kingdom Gilt (GBP) | | | 3.75 | | | | 9-7-20 | | | | 2,250,000 | | | | 4,261,510 | |
United Kingdom Gilt (GBP) | | | 3.75 | | | | 9-7-21 | | | | 2,150,000 | | | | 4,092,006 | |
United Kingdom Gilt (GBP) | | | 3.75 | | | | 7-22-52 | | | | 1,150,000 | | | | 2,092,099 | |
United Kingdom Gilt (GBP) | | | 4.00 | | | | 9-7-16 | | | | 3,400,000 | | | | 6,183,448 | |
United Kingdom Gilt (GBP) | | | 4.00 | | | | 3-7-22 | | | | 2,400,000 | | | | 4,661,918 | |
United Kingdom Gilt (GBP) | | | 4.00 | | | | 1-22-60 | | | | 2,300,000 | | | | 4,482,404 | |
United Kingdom Gilt (GBP) | | | 4.25 | | | | 12-7-27 | | | | 1,700,000 | | | | 3,441,883 | |
United Kingdom Gilt (GBP) | | | 4.25 | | | | 6-7-32 | | | | 1,050,000 | | | | 2,120,534 | |
United Kingdom Gilt (GBP) | | | 4.25 | | | | 3-7-36 | | | | 1,300,000 | | | | 2,599,166 | |
United Kingdom Gilt (GBP) | | | 4.25 | | | | 9-7-39 | | | | 1,350,000 | | | | 2,687,430 | |
United Kingdom Gilt (GBP) | | | 4.25 | | | | 12-7-40 | | | | 2,300,000 | | | | 4,571,631 | |
United Kingdom Gilt (GBP) | | | 4.25 | | | | 12-7-46 | | | | 1,150,000 | | | | 2,300,084 | |
United Kingdom Gilt (GBP) | | | 4.25 | | | | 12-7-49 | | | | 1,750,000 | | | | 3,502,684 | |
United Kingdom Gilt (GBP) | | | 4.25 | | | | 12-7-55 | | | | 1,775,000 | | | | 3,594,069 | |
United Kingdom Gilt (GBP) | | | 4.50 | | | | 3-7-19 | | | | 1,750,000 | | | | 3,419,850 | |
United Kingdom Gilt (GBP) | | | 4.50 | | | | 9-7-34 | | | | 2,850,000 | | | | 5,910,557 | |
United Kingdom Gilt (GBP) | | | 4.50 | | | | 12-7-42 | | | | 1,500,000 | | | | 3,117,126 | |
United Kingdom Gilt (GBP) | | | 4.75 | | | | 9-7-15 | | | | 2,575,000 | | | | 4,654,268 | |
United Kingdom Gilt (GBP) | | | 4.75 | | | | 3-7-20 | | | | 2,500,000 | | | | 5,013,322 | |
United Kingdom Gilt (GBP) | | | 4.75 | | | | 12-7-30 | | | | 4,150,000 | | | | 8,905,424 | |
United Kingdom Gilt (GBP) | | | 4.75 | | | | 12-7-38 | | | | 1,800,000 | | | | 3,871,100 | |
United Kingdom Gilt (GBP) | | | 5.00 | | | | 9-7-14 | | | | 2,585,000 | | | | 4,508,159 | |
United Kingdom Gilt (GBP) | | | 5.00 | | | | 3-7-18 | | | | 2,550,000 | | | | 4,994,061 | |
United Kingdom Gilt (GBP) | | | 5.00 | | | | 3-7-25 | | | | 2,550,000 | | | | 5,475,935 | |
United Kingdom Gilt (GBP) | | | 6.00 | | | | 12-7-28 | | | | 1,150,000 | | | | 2,791,870 | |
United Kingdom Gilt (GBP) | | | 8.00 | | | | 12-7-15 | | | | 1,150,000 | | | | 2,292,780 | |
United Kingdom Gilt (GBP) | | | 8.00 | | | | 6-7-21 | | | | 1,600,000 | | | | 3,952,352 | |
United Kingdom Gilt (GBP) | | | 8.75 | | | | 8-25-17 | | | | 800,000 | | | | 1,780,769 | |
| | | | |
Total Foreign Government Bonds (Cost $1,102,379,517) | | | | | | | | | | | | | | | 1,168,221,014 | |
| | | | | | | | | | | | | | | | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 73 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
U.S. Treasury Securities: 21.66% | | | | | | | | | | | | | | | | |
U.S. Treasury Bond | | | 2.75 | % | | | 8-15-42 | | | $ | 5,000,000 | | | $ | 5,046,700 | |
U.S. Treasury Bond | | | 3.00 | | | | 5-15-42 | | | | 7,000,000 | | | | 7,492,184 | |
U.S. Treasury Bond | | | 3.13 | | | | 11-15-41 | | | | 6,000,000 | | | | 6,590,628 | |
U.S. Treasury Bond | | | 3.13 | | | | 2-15-42 | | | | 1,000,000 | | | | 1,097,344 | |
U.S. Treasury Bond | | | 3.50 | | | | 2-15-39 | | | | 7,000,000 | | | | 8,269,842 | |
U.S. Treasury Bond | | | 3.63 | | | | 2-15-20 | | | | 13,000,000 | | | | 15,380,625 | |
U.S. Treasury Bond | | | 3.75 | | | | 8-15-41 | | | | 6,000,000 | | | | 7,387,500 | |
U.S. Treasury Bond | | | 3.88 | | | | 8-15-40 | | | | 7,000,000 | | | | 8,801,408 | |
U.S. Treasury Bond | | | 4.25 | | | | 5-15-39 | | | | 5,000,000 | | | | 6,660,155 | |
U.S. Treasury Bond | | | 4.25 | | | | 11-15-40 | | | | 9,500,000 | | | | 12,688,438 | |
U.S. Treasury Bond | | | 4.38 | | | | 2-15-38 | | | | 1,750,000 | | | | 2,365,781 | |
U.S. Treasury Bond | | | 4.38 | | | | 11-15-39 | | | | 7,800,000 | | | | 10,599,467 | |
U.S. Treasury Bond | | | 4.38 | | | | 5-15-40 | | | | 6,250,000 | | | | 8,501,950 | |
U.S. Treasury Bond | | | 4.50 | | | | 2-15-36 | | | | 3,150,000 | | | | 4,306,642 | |
U.S. Treasury Bond | | | 4.50 | | | | 5-15-38 | | | | 600,000 | | | | 826,875 | |
U.S. Treasury Bond | | | 4.50 | | | | 8-15-39 | | | | 5,600,000 | | | | 7,748,126 | |
U.S. Treasury Bond | | | 4.63 | | | | 2-15-40 | | | | 6,500,000 | | | | 9,171,097 | |
U.S. Treasury Bond | | | 4.75 | | | | 2-15-37 | | | | 1,550,000 | | | | 2,200,273 | |
U.S. Treasury Bond | | | 4.75 | | | | 2-15-41 | | | | 5,200,000 | | | | 7,492,878 | |
U.S. Treasury Bond | | | 5.00 | | | | 5-15-37 | | | | 2,300,000 | | | | 3,378,843 | |
U.S. Treasury Bond | | | 5.38 | | | | 2-15-31 | | | | 2,000,000 | | | | 2,950,312 | |
U.S. Treasury Bond | | | 5.50 | | | | 8-15-28 | | | | 1,000,000 | | | | 1,456,250 | |
U.S. Treasury Bond | | | 6.00 | | | | 2-15-26 | | | | 1,150,000 | | | | 1,704,516 | |
U.S. Treasury Bond | | | 6.13 | | | | 11-15-27 | | | | 2,400,000 | | | | 3,668,626 | |
U.S. Treasury Bond | | | 6.25 | | | | 8-15-23 | | | | 3,500,000 | | | | 5,124,217 | |
U.S. Treasury Bond | | | 6.38 | | | | 8-15-27 | | | | 400,000 | | | | 623,062 | |
U.S. Treasury Bond | | | 6.50 | | | | 11-15-26 | | | | 1,500,000 | | | | 2,338,125 | |
U.S. Treasury Bond | | | 6.63 | | | | 2-15-27 | | | | 950,000 | | | | 1,500,554 | |
U.S. Treasury Bond | | | 6.75 | | | | 8-15-26 | | | | 1,500,000 | | | | 2,377,968 | |
U.S. Treasury Bond | | | 6.88 | | | | 8-15-25 | | | | 1,500,000 | | | | 2,366,016 | |
U.S. Treasury Bond | | | 7.13 | | | | 2-15-23 | | | | 3,000,000 | | | | 4,617,186 | |
U.S. Treasury Bond | | | 7.25 | | | | 8-15-22 | | | | 1,000,000 | | | | 1,536,562 | |
U.S. Treasury Bond | | | 7.50 | | | | 11-15-24 | | | | 2,000,000 | | | | 3,260,000 | |
U.S. Treasury Bond | | | 7.88 | | | | 2-15-21 | | | | 500,000 | | | | 767,500 | |
U.S. Treasury Bond | | | 8.00 | | | | 11-15-21 | | | | 4,100,000 | | | | 6,464,228 | |
U.S. Treasury Bond | | | 8.50 | | | | 2-15-20 | | | | 1,700,000 | | | | 2,611,625 | |
U.S. Treasury Note | | | 0.13 | | | | 12-31-13 | | | | 20,000,000 | | | | 19,978,120 | |
U.S. Treasury Note | | | 0.25 | | | | 11-30-13 | | | | 10,000,000 | | | | 10,005,470 | |
U.S. Treasury Note | | | 0.25 | | | | 2-28-14 | | | | 20,000,000 | | | | 20,010,940 | |
U.S. Treasury Note | | | 0.25 | | | | 4-30-14 | | | | 15,000,000 | | | | 15,005,865 | |
U.S. Treasury Note | | | 0.25 | | | | 6-30-14 | | | | 20,000,000 | | | | 20,008,600 | |
U.S. Treasury Note | | | 0.25 | | | | 12-15-14 | | | | 5,000,000 | | | | 5,001,170 | |
U.S. Treasury Note | | | 0.25 | | | | 1-15-15 | | | | 5,000,000 | | | | 5,001,170 | |
U.S. Treasury Note | | | 0.25 | | | | 7-15-15 | | | | 15,000,000 | | | | 14,984,760 | |
U.S. Treasury Note | | | 0.38 | | | | 11-15-14 | | | | 5,000,000 | | | | 5,014,845 | |
U.S. Treasury Note | | | 0.38 | | | | 3-15-15 | | | | 30,000,000 | | | | 30,084,360 | |
U.S. Treasury Note | | | 0.50 | | | | 10-15-13 | | | | 9,000,000 | | | | 9,029,178 | |
U.S. Treasury Note | | | 0.50 | | | | 11-15-13 | | | | 4,500,000 | | | | 4,515,998 | |
U.S. Treasury Note | | | 0.50 | | | | 10-15-14 | | | | 5,000,000 | | | | 5,027,345 | |
U.S. Treasury Note « | | | 0.50 | | | | 7-31-17 | | | | 5,000,000 | | | | 4,980,080 | |
U.S. Treasury Note | | | 0.63 | | | | 7-15-14 | | | | 10,000,000 | | | | 10,072,660 | |
| | | | |
| 74 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
U.S. Treasury Securities (continued) | | | | | | | | | | | | | | | | |
U.S. Treasury Note | | | 0.63 | % | | | 8-31-17 | | | $ | 5,000,000 | | | $ | 5,003,728 | |
U.S. Treasury Note | | | 0.75 | | | | 9-15-13 | | | | 11,000,000 | | | | 11,062,733 | |
U.S. Treasury Note | | | 0.75 | | | | 12-15-13 | | | | 8,000,000 | | | | 8,055,312 | |
U.S. Treasury Note | | | 0.75 | | | | 6-15-14 | | | | 5,000,000 | | | | 5,046,485 | |
U.S. Treasury Note | | | 0.75 | | | | 6-30-17 | | | | 15,000,000 | | | | 15,126,570 | |
U.S. Treasury Note | | | 0.88 | | | | 12-31-16 | | | | 5,000,000 | | | | 5,082,420 | |
U.S. Treasury Note | | | 1.00 | | | | 1-15-14 | | | | 7,000,000 | | | | 7,075,194 | |
U.S. Treasury Note | | | 1.00 | | | | 5-15-14 | | | | 5,000,000 | | | | 5,065,430 | |
U.S. Treasury Note | | | 1.00 | | | | 10-31-16 | | | | 5,000,000 | | | | 5,110,940 | |
U.S. Treasury Note | | | 1.00 | | | | 3-31-17 | | | | 12,000,000 | | | | 12,255,000 | |
U.S. Treasury Note | | | 1.00 | | | | 6-30-19 | | | | 5,000,000 | | | | 5,009,375 | |
U.S. Treasury Note | | | 1.25 | | | | 2-15-14 | | | | 15,000,000 | | | | 15,223,245 | |
U.S. Treasury Note | | | 1.25 | | | | 4-15-14 | | | | 500,000 | | | | 508,223 | |
U.S. Treasury Note | | | 1.25 | | | | 8-31-15 | | | | 4,500,000 | | | | 4,626,914 | |
U.S. Treasury Note | | | 1.25 | | | | 9-30-15 | | | | 7,000,000 | | | | 7,200,704 | |
U.S. Treasury Note | | | 1.25 | | | | 10-31-15 | | | | 5,000,000 | | | | 5,145,310 | |
U.S. Treasury Note | | | 1.25 | | | | 4-30-19 | | | | 12,000,000 | | | | 12,244,692 | |
U.S. Treasury Note | | | 1.38 | | | | 11-30-15 | | | | 2,500,000 | | | | 2,583,790 | |
U.S. Treasury Note | | | 1.38 | | | | 9-30-18 | | | | 5,000,000 | | | | 5,164,845 | |
U.S. Treasury Note | | | 1.38 | | | | 12-31-18 | | | | 10,000,000 | | | | 10,313,280 | |
U.S. Treasury Note | | | 1.50 | | | | 12-31-13 | | | | 4,000,000 | | | | 4,067,968 | |
U.S. Treasury Note | | | 1.50 | | | | 8-31-18 | | | | 5,000,000 | | | | 5,204,295 | |
U.S. Treasury Note | | | 1.63 | | | | 8-15-22 | | | | 5,000,000 | | | | 5,022,872 | |
U.S. Treasury Note | | | 1.75 | | | | 1-31-14 | | | | 4,500,000 | | | | 4,597,385 | |
U.S. Treasury Note | | | 1.75 | | | | 3-31-14 | | | | 10,000,000 | | | | 10,239,060 | |
U.S. Treasury Note | | | 1.75 | | | | 7-31-15 | | | | 4,750,000 | | | | 4,949,647 | |
U.S. Treasury Note | | | 1.75 | | | | 5-15-22 | | | | 4,000,000 | | | | 4,083,752 | |
U.S. Treasury Note | | | 1.88 | | | | 2-28-14 | | | | 1,500,000 | | | | 1,536,914 | |
U.S. Treasury Note | | | 1.88 | | | | 4-30-14 | | | | 4,400,000 | | | | 4,519,970 | |
U.S. Treasury Note | | | 1.88 | | | | 6-30-15 | | | | 6,250,000 | | | | 6,529,788 | |
U.S. Treasury Note | | | 1.88 | | | | 8-31-17 | | | | 6,500,000 | | | | 6,906,250 | |
U.S. Treasury Note | | | 1.88 | | | | 9-30-17 | | | | 6,000,000 | | | | 6,374,064 | |
U.S. Treasury Note | | | 2.00 | | | | 11-30-13 | | | | 3,800,000 | | | | 3,884,314 | |
U.S. Treasury Note | | | 2.00 | | | | 1-31-16 | | | | 4,000,000 | | | | 4,223,752 | |
U.S. Treasury Note | | | 2.00 | | | | 4-30-16 | | | | 500,000 | | | | 529,375 | |
U.S. Treasury Note | | | 2.00 | | | | 11-15-21 | | | | 21,000,000 | | | | 22,036,875 | |
U.S. Treasury Note | | | 2.13 | | | | 11-30-14 | | | | 6,500,000 | | | | 6,772,188 | |
U.S. Treasury Note | | | 2.13 | | | | 5-31-15 | | | | 3,500,000 | | | | 3,676,092 | |
U.S. Treasury Note | | | 2.13 | | | | 2-29-16 | | | | 4,000,000 | | | | 4,245,312 | |
U.S. Treasury Note | | | 2.13 | | | | 8-15-21 | | | | 10,000,000 | | | | 10,632,810 | |
U.S. Treasury Note | | | 2.25 | | | | 5-31-14 | | | | 13,500,000 | | | | 13,973,553 | |
U.S. Treasury Note | | | 2.25 | | | | 1-31-15 | | | | 5,000,000 | | | | 5,238,670 | |
U.S. Treasury Note | | | 2.25 | | | | 3-31-16 | | | | 5,000,000 | | | | 5,334,375 | |
U.S. Treasury Note | | | 2.25 | | | | 11-30-17 | | | | 7,500,000 | | | | 8,117,580 | |
U.S. Treasury Note | | | 2.38 | | | | 8-31-14 | | | | 5,000,000 | | | | 5,212,110 | |
U.S. Treasury Note | | | 2.38 | | | | 9-30-14 | | | | 5,500,000 | | | | 5,744,492 | |
U.S. Treasury Note | | | 2.38 | | | | 10-31-14 | | | | 5,000,000 | | | | 5,228,515 | |
U.S. Treasury Note | | | 2.38 | | | | 2-28-15 | | | | 10,000,000 | | | | 10,524,220 | |
U.S. Treasury Note | | | 2.38 | | | | 3-31-16 | | | | 2,500,000 | | | | 2,677,148 | |
U.S. Treasury Note | | | 2.38 | | | | 7-31-17 | | | | 3,500,000 | | | | 3,801,602 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 75 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
U.S. Treasury Securities (continued) | | | | | | | | | | | | | | | | |
U.S. Treasury Note | | | 2.38 | % | | | 5-31-18 | | | $ | 5,000,000 | | | $ | 5,456,250 | |
U.S. Treasury Note | | | 2.50 | | | | 3-31-15 | | | | 4,000,000 | | | | 4,230,312 | |
U.S. Treasury Note | | | 2.50 | | | | 4-30-15 | | | | 5,000,000 | | | | 5,295,310 | |
U.S. Treasury Note | | | 2.50 | | | | 6-30-17 | | | | 4,500,000 | | | | 4,910,625 | |
U.S. Treasury Note | | | 2.63 | | | | 6-30-14 | | | | 3,500,000 | | | | 3,652,306 | |
U.S. Treasury Note | | | 2.63 | | | | 7-31-14 | | | | 5,750,000 | | | | 6,011,447 | |
U.S. Treasury Note | | | 2.63 | | | | 12-31-14 | | | | 8,000,000 | | | | 8,442,496 | |
U.S. Treasury Note | | | 2.63 | | | | 2-29-16 | | | | 2,500,000 | | | | 2,696,875 | |
U.S. Treasury Note | | | 2.63 | | | | 4-30-16 | | | | 2,500,000 | | | | 2,703,710 | |
U.S. Treasury Note | | | 2.63 | | | | 1-31-18 | | | | 4,000,000 | | | | 4,412,500 | |
U.S. Treasury Note | | | 2.63 | | | | 4-30-18 | | | | 5,500,000 | | | | 6,077,500 | |
U.S. Treasury Note | | | 2.63 | | | | 8-15-20 | | | | 12,000,000 | | | | 13,315,308 | |
U.S. Treasury Note | | | 2.63 | | | | 11-15-20 | | | | 10,000,000 | | | | 11,087,500 | |
U.S. Treasury Note | | | 2.75 | | | | 10-31-13 | | | | 8,375,000 | | | | 8,620,362 | |
U.S. Treasury Note | | | 2.75 | | | | 11-30-16 | | | | 4,000,000 | | | | 4,381,248 | |
U.S. Treasury Note | | | 2.75 | | | | 5-31-17 | | | | 4,000,000 | | | | 4,410,936 | |
U.S. Treasury Note | | | 2.75 | | | | 12-31-17 | | | | 6,000,000 | | | | 6,652,500 | |
U.S. Treasury Note | | | 2.75 | | | | 2-28-18 | | | | 4,000,000 | | | | 4,442,812 | |
U.S. Treasury Note | | | 2.75 | | | | 2-15-19 | | | | 8,950,000 | | | | 9,998,833 | |
U.S. Treasury Note | | | 3.00 | | | | 8-31-16 | | | | 3,500,000 | | | | 3,857,382 | |
U.S. Treasury Note | | | 3.00 | | | | 9-30-16 | | | | 4,000,000 | | | | 4,412,500 | |
U.S. Treasury Note | | | 3.00 | | | | 2-28-17 | | | | 3,000,000 | | | | 3,330,936 | |
U.S. Treasury Note | | | 3.13 | | | | 9-30-13 | | | | 3,300,000 | | | | 3,403,254 | |
U.S. Treasury Note | | | 3.13 | | | | 10-31-16 | | | | 6,000,000 | | | | 6,658,596 | |
U.S. Treasury Note | | | 3.13 | | | | 1-31-17 | | | | 5,000,000 | | | | 5,569,920 | |
U.S. Treasury Note | | | 3.13 | | | | 4-30-17 | | | | 3,000,000 | | | | 3,355,314 | |
U.S. Treasury Note | | | 3.13 | | | | 5-15-19 | | | | 8,000,000 | | | | 9,148,128 | |
U.S. Treasury Note | | | 3.13 | | | | 5-15-21 | | | | 2,000,000 | | | | 2,298,750 | |
U.S. Treasury Note | | | 3.25 | | | | 5-31-16 | | | | 4,000,000 | | | | 4,423,752 | |
U.S. Treasury Note | | | 3.25 | | | | 6-30-16 | | | | 5,000,000 | | | | 5,539,455 | |
U.S. Treasury Note | | | 3.25 | | | | 7-31-16 | | | | 5,000,000 | | | | 5,550,000 | |
U.S. Treasury Note | | | 3.25 | | | | 12-31-16 | | | | 4,500,000 | | | | 5,031,212 | |
U.S. Treasury Note | | | 3.25 | | | | 3-31-17 | | | | 5,000,000 | | | | 5,615,235 | |
U.S. Treasury Note | | | 3.38 | | | | 11-15-19 | | | | 8,000,000 | | | | 9,311,248 | |
U.S. Treasury Note | | | 3.50 | | | | 2-15-18 | | | | 5,000,000 | | | | 5,750,000 | |
U.S. Treasury Note | | | 3.63 | | | | 8-15-19 | | | | 9,500,000 | | | | 11,203,322 | |
U.S. Treasury Note | | | 3.63 | | | | 2-15-21 | | | | 20,000,000 | | | | 23,787,500 | |
U.S. Treasury Note | | | 3.75 | | | | 11-15-18 | | | | 7,000,000 | | | | 8,241,954 | |
U.S. Treasury Note | | | 3.88 | | | | 5-15-18 | | | | 3,000,000 | | | | 3,528,048 | |
U.S. Treasury Note | | | 4.00 | | | | 2-15-14 | | | | 3,000,000 | | | | 3,163,944 | |
U.S. Treasury Note | | | 4.00 | | | | 2-15-15 | | | | 5,500,000 | | | | 6,000,588 | |
U.S. Treasury Note | | | 4.00 | | | | 8-15-18 | | | | 2,525,000 | | | | 3,003,369 | |
U.S. Treasury Note | | | 4.13 | | | | 5-15-15 | | | | 3,000,000 | | | | 3,309,141 | |
U.S. Treasury Note | | | 4.25 | | | | 11-15-13 | | | | 2,500,000 | | | | 2,620,800 | |
U.S. Treasury Note | | | 4.25 | | | | 8-15-14 | | | | 6,500,000 | | | | 7,005,525 | |
U.S. Treasury Note | | | 4.25 | | | | 11-15-14 | | | | 4,370,000 | | | | 4,752,375 | |
U.S. Treasury Note | | | 4.25 | | | | 8-15-15 | | | | 5,500,000 | | | | 6,134,651 | |
U.S. Treasury Note | | | 4.25 | | | | 11-15-17 | | | | 4,000,000 | | | | 4,735,936 | |
U.S. Treasury Note | | | 4.50 | | | | 11-15-15 | | | | 3,000,000 | | | | 3,397,266 | |
| | | | |
| 76 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
U.S. Treasury Securities (continued) | | | | | | | | | | | | | | | | |
U.S. Treasury Note | | | 4.50 | % | | | 2-15-16 | | | $ | 2,500,000 | | | $ | 2,855,078 | |
U.S. Treasury Note | | | 4.50 | | | | 5-15-17 | | | | 2,000,000 | | | | 2,365,468 | |
U.S. Treasury Note | | | 4.63 | | | | 11-15-16 | | | | 3,000,000 | | | | 3,517,500 | |
U.S. Treasury Note | | | 4.63 | | | | 2-15-17 | | | | 5,000,000 | | | | 5,905,860 | |
U.S. Treasury Note | | | 4.75 | | | | 5-15-14 | | | | 7,000,000 | | | | 7,535,115 | |
U.S. Treasury Note | | | 4.75 | | | | 8-15-17 | | | | 3,000,000 | | | | 3,607,266 | |
U.S. Treasury Note | | | 4.88 | | | | 8-15-16 | | | | 2,500,000 | | | | 2,934,570 | |
U.S. Treasury Note | | | 5.13 | | | | 5-15-16 | | | | 2,000,000 | | | | 2,347,188 | |
U.S. Treasury Note | | | 7.25 | | | | 5-15-16 | | | | 2,500,000 | | | | 3,128,125 | |
U.S. Treasury Note | | | 7.50 | | | | 11-15-16 | | | | 2,000,000 | | | | 2,583,124 | |
U.S. Treasury Note | | | 8.13 | | | | 8-15-19 | | | | 1,350,000 | | | | 2,004,750 | |
U.S. Treasury Note | | | 8.75 | | | | 5-15-17 | | | | 2,500,000 | | | | 3,450,585 | |
U.S. Treasury Note | | | 8.75 | | | | 8-15-20 | | | | 400,000 | | | | 632,312 | |
U.S. Treasury Note | | | 8.88 | | | | 8-15-17 | | | | 1,275,000 | | | | 1,789,781 | |
U.S. Treasury Note | | | 8.88 | | | | 2-15-19 | | | | 1,200,000 | | | | 1,805,344 | |
U.S. Treasury Note | | | 9.13 | | | | 5-15-18 | | | | 2,900,000 | | | | 4,261,188 | |
U.S. Treasury Note | | | 11.25 | | | | 2-15-15 | | | | 2,000,000 | | | | 2,535,460 | |
| | | | |
Total U.S. Treasury Securities (Cost $966,152,754) | | | | | | | | | | | | | | | 1,035,080,847 | |
| | | | | | | | | | | | | | | | |
| | | | |
Yankee Corporate Bonds and Notes: 3.68% | | | | | | | | | | | | | | | | |
| | | | |
Consumer Discretionary: 0.05% | | | | | | | | | | | | | | | | |
| | | | |
| Media: 0.05% | | | | | | | | | | | | | | | | |
Groupo Televisa SA | | | 6.00 | | | | 5-15-18 | | | | 250,000 | | | | 294,936 | |
Groupo Televisa SA | | | 6.63 | | | | 1-15-40 | | | | 500,000 | | | | 646,738 | |
Thomson Reuters Corporation | | | 4.70 | | | | 10-15-19 | | | | 425,000 | | | | 486,042 | |
Thomson Reuters Corporation | | | 5.70 | | | | 10-1-14 | | | | 200,000 | | | | 219,082 | |
Thomson Reuters Corporation | | | 6.50 | | | | 7-15-18 | | | | 500,000 | | | | 624,318 | |
| | | | |
| | | | | | | | | | | | | | | 2,271,116 | |
| | | | | | | | | | | | | | | | |
| | | | |
Consumer Staples: 0.06% | | | | | | | | | | | | | | | | |
| | | | |
| Beverages: 0.06% | | | | | | | | | | | | | | | | |
Coca-Cola Femsa SAB de CV | | | 4.63 | | | | 2-15-20 | | | | 200,000 | | | | 227,196 | |
Coca-Cola HBC Finance BV | | | 5.13 | | | | 9-17-13 | | | | 250,000 | | | | 257,740 | |
Diageo Capital plc | | | 5.75 | | | | 10-23-17 | | | | 1,050,000 | | | | 1,287,424 | |
Diageo Capital plc | | | 5.88 | | | | 9-30-36 | | | | 175,000 | | | | 231,733 | |
Diageo Capital plc | | | 7.38 | | | | 1-15-14 | | | | 500,000 | | | | 545,983 | |
Diageo Finance BV | | | 3.25 | | | | 1-15-15 | | | | 100,000 | | | | 105,922 | |
Diageo Finance BV | | | 5.30 | | | | 10-28-15 | | | | 125,000 | | | | 141,833 | |
| | | | |
| | | | | | | | | | | | | | | 2,797,831 | |
| | | | | | | | | | | | | | | | |
| | | | |
Energy: 0.66% | | | | | | | | | | | | | | | | |
| | | | |
| Energy Equipment & Services: 0.04% | | | | | | | | | | | | | | | | |
Ensco plc | | | 3.25 | | | | 3-15-16 | | | | 1,250,000 | | | | 1,334,473 | |
Ensco plc | | | 4.70 | | | | 3-15-21 | | | | 500,000 | | | | 561,398 | |
| | | | |
| | | | | | | | | | | | | | | 1,895,871 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Oil, Gas & Consumable Fuels: 0.62% | | | | | | | | | | | | | | | | |
Alberta Energy Company Limited | | | 7.38 | | | | 11-1-31 | | | | 350,000 | | | | 436,385 | |
Alberta Energy Company Limited | | | 8.13 | | | | 9-15-30 | | | | 150,000 | | | | 199,313 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 77 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Oil, Gas & Consumable Fuels (continued) | | | | | | | | | | | | | | | | |
Canadian Natural Resources Limited | | | 4.90 | % | | | 12-1-14 | | | $ | 65,000 | | | $ | 70,882 | |
Canadian Natural Resources Limited | | | 5.70 | | | | 5-15-17 | | | | 150,000 | | | | 1,363,239 | |
Canadian Natural Resources Limited | | | 5.85 | | | | 2-1-35 | | | | 565,000 | | | | 683,125 | |
Canadian Natural Resources Limited | | | 6.25 | | | | 3-15-38 | | | | 500,000 | | | | 652,425 | |
Cenovus Energy Incorporated | | | 3.00 | | | | 8-15-22 | | | | 250,000 | | | | 255,775 | |
Cenovus Energy Incorporated | | | 4.45 | | | | 9-15-42 | | | | 250,000 | | | | 256,018 | |
Cenovus Energy Incorporated | | | 4.50 | | | | 9-15-14 | | | | 500,000 | | | | 535,746 | |
Cenovus Energy Incorporated | | | 5.70 | | | | 10-15-19 | | | | 200,000 | | | | 241,395 | |
Cenovus Energy Incorporated | | | 6.75 | | | | 11-15-39 | | | | 500,000 | | | | 671,927 | |
Enbridge Incorporated | | | 5.60 | | | | 4-1-17 | | | | 100,000 | | | | 114,876 | |
Encana Corporation | | | 5.15 | | | | 11-15-41 | | | | 500,000 | | | | 508,631 | |
Encana Corporation | | | 5.80 | | | | 5-1-14 | | | | 154,000 | | | | 165,482 | |
Encana Corporation | | | 5.90 | | | | 12-1-17 | | | | 300,000 | | | | 351,637 | |
Encana Corporation | | | 6.50 | | | | 5-15-19 | | | | 400,000 | | | | 484,205 | |
Encana Corporation | | | 6.50 | | | | 8-15-34 | | | | 250,000 | | | | 294,929 | |
Encana Corporation | | | 6.50 | | | | 2-1-38 | | | | 350,000 | | | | 414,504 | |
Husky Energy Incorporated | | | 5.90 | | | | 6-15-14 | | | | 305,000 | | | | 331,347 | |
Husky Energy Incorporated | | | 6.80 | | | | 9-15-37 | | | | 100,000 | | | | 128,847 | |
Husky Energy Incorporated | | | 7.25 | | | | 12-15-19 | | | | 565,000 | | | | 720,733 | |
Nexen Incorporated | | | 6.20 | | | | 7-30-19 | | | | 80,000 | | | | 96,272 | |
Nexen Incorporated | | | 6.40 | | | | 5-15-37 | | | | 600,000 | | | | 749,203 | |
Nexen Incorporated | | | 7.50 | | | | 7-30-39 | | | | 560,000 | | | | 785,293 | |
Noble Holdings International Limited Corporation | | | 3.05 | | | | 3-1-16 | | | | 150,000 | | | | 156,914 | |
Noble Holdings International Limited Corporation | | | 3.95 | | | | 3-15-22 | | | | 150,000 | | | | 158,125 | |
Noble Holdings International Limited Corporation | | | 4.63 | | | | 3-1-21 | | | | 200,000 | | | | 217,882 | |
Noble Holdings International Limited Corporation | | | 4.90 | | | | 8-1-20 | | | | 250,000 | | | | 279,037 | |
Noble Holdings International Limited Corporation | | | 6.05 | | | | 3-1-41 | | | | 200,000 | | | | 230,503 | |
Noble Holdings International Limited Corporation | | | 7.38 | | | | 3-15-14 | | | | 250,000 | | | | 273,426 | |
Petro-Canada | | | 5.95 | | | | 5-15-35 | | | | 700,000 | | | | 848,305 | |
Petro-Canada | | | 6.80 | | | | 5-15-38 | | | | 400,000 | | | | 542,560 | |
Suncor Energy Incorporated | | | 5.95 | | | | 12-1-34 | | | | 75,000 | | | | 90,942 | |
Suncor Energy Incorporated | | | 6.10 | | | | 6-1-18 | | | | 900,000 | | | | 1,101,023 | |
Suncor Energy Incorporated | | | 6.50 | | | | 6-15-38 | | | | 400,000 | | | | 529,746 | |
Suncor Energy Incorporated | | | 6.85 | | | | 6-1-39 | | | | 250,000 | | | | 341,972 | |
Talisman Energy Incorporated | | | 3.75 | | | | 2-1-21 | | | | 150,000 | | | | 156,562 | |
Talisman Energy Incorporated | | | 5.13 | | | | 5-15-15 | | | | 65,000 | | | | 70,486 | |
Talisman Energy Incorporated | | | 6.25 | | | | 2-1-38 | | | | 400,000 | | | | 473,004 | |
Talisman Energy Incorporated | | | 7.75 | | | | 6-1-19 | | | | 415,000 | | | | 524,178 | |
Total Capital Canada Limited | | | 1.63 | | | | 1-28-14 | | | | 140,000 | | | | 142,288 | |
Total Capital International SA | | | 1.55 | | | | 6-28-17 | | | | 500,000 | | | | 508,121 | |
Total Capital International SA | | | 2.88 | | | | 2-17-22 | | | | 1,000,000 | | | | 1,050,044 | |
Total Capital SA | | | 3.00 | | | | 6-24-15 | | | | 500,000 | | | | 533,368 | |
Total Capital SA | | | 3.13 | | | | 10-2-15 | | | | 1,000,000 | | | | 1,069,700 | |
Total Capital SA | | | 4.13 | | | | 1-28-21 | | | | 100,000 | | | | 114,004 | |
Total Capital SA | | | 4.45 | | | | 6-24-20 | | | | 500,000 | | | | 582,852 | |
TransCanada PipeLines Limited | | | 3.40 | | | | 6-1-15 | | | | 500,000 | | | | 536,618 | |
TransCanada PipeLines Limited | | | 3.80 | | | | 10-1-20 | | | | 300,000 | | | | 335,239 | |
TransCanada PipeLines Limited | | | 6.10 | | | | 6-1-40 | | | | 300,000 | | | | 415,961 | |
TransCanada PipeLines Limited | | | 6.20 | | | | 10-15-37 | | | | 585,000 | | | | 804,280 | |
TransCanada PipeLines Limited | | | 7.13 | | | | 1-15-19 | | | | 1,500,000 | | | | 1,939,877 | |
| | | | |
| 78 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Oil, Gas & Consumable Fuels (continued) | | | | | | | | | | | | | | | | |
TransCanada PipeLines Limited | | | 7.63 | % | | | 1-15-39 | | | $ | 500,000 | | | $ | 785,021 | |
Transocean Incorporated | | | 4.95 | | | | 11-15-15 | | | | 500,000 | | | | 545,162 | |
Transocean Incorporated | | | 5.05 | | | | 12-15-16 | | | | 500,000 | | | | 553,877 | |
Transocean Incorporated | | | 6.00 | | | | 3-15-18 | | | | 600,000 | | | | 694,884 | |
Transocean Incorporated | | | 6.38 | | | | 12-15-21 | | | | 500,000 | | | | 602,725 | |
Weatherford International Limited | | | 5.13 | | | | 9-15-20 | | | | 200,000 | | | | 217,416 | |
Weatherford International Limited | | | 6.00 | | | | 3-15-18 | | | | 100,000 | | | | 114,168 | |
Weatherford International Limited | | | 6.75 | | | | 9-15-40 | | | | 300,000 | | | | 334,475 | |
Weatherford International Limited | | | 7.00 | | | | 3-15-38 | | | | 50,000 | | | | 56,447 | |
Weatherford International Limited | | | 9.63 | | | | 3-1-19 | | | | 1,000,000 | | | | 1,308,342 | |
| | | | |
| | | | | | | | | | | | | | | 29,751,723 | |
| | | | | | | | | | | | | | | | |
| | | | |
Financials: 1.65% | | | | | | | | | | | | | | | | |
| | | | |
| Capital Markets: 0.18% | | | | | | | | | | | | | | | | |
BP Capital Markets plc | | | 3.13 | | | | 10-1-15 | | | | 800,000 | | | | 855,702 | |
BP Capital Markets plc | | | 3.20 | | | | 3-11-16 | | | | 1,000,000 | | | | 1,072,797 | |
BP Capital Markets plc | | | 3.63 | | | | 5-8-14 | | | | 600,000 | | | | 629,862 | |
BP Capital Markets plc | | | 3.88 | | | | 3-10-15 | | | | 700,000 | | | | 754,443 | |
BP Capital Markets plc | | | 4.50 | | | | 10-1-20 | | | | 500,000 | | | | 582,066 | |
BP Capital Markets plc | | | 4.74 | | | | 3-11-21 | | | | 1,000,000 | | | | 1,174,073 | |
BP Capital Markets plc | | | 4.75 | | | | 3-10-19 | | | | 450,000 | | | | 522,721 | |
BP Capital Markets plc | | | 5.25 | | | | 11-7-13 | | | | 1,000,000 | | | | 1,054,850 | |
Nomura Holdings Incorporated | | | 4.13 | | | | 1-19-16 | | | | 500,000 | | | | 518,088 | |
Nomura Holdings Incorporated | | | 5.00 | | | | 3-4-15 | | | | 1,100,000 | | | | 1,158,103 | |
Nomura Holdings Incorporated | | | 6.70 | | | | 3-4-20 | | | | 356,000 | | | | 408,943 | |
| | | | |
| | | | | | | | | | | | | | | 8,731,648 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Commercial Banks: 0.77% | | | | | | | | | | | | | | | | |
Bank of Montreal | | | 2.50 | | | | 1-11-17 | | | | 500,000 | | | | 529,129 | |
Bank of Nova Scotia | | | 2.05 | | | | 10-7-15 | | | | 300,000 | | | | 310,541 | |
Bank of Nova Scotia | | | 2.38 | | | | 12-17-13 | | | | 600,000 | | | | 614,434 | |
Bank of Nova Scotia | | | 2.55 | | | | 1-12-17 | | | | 750,000 | | | | 793,013 | |
Bank of Nova Scotia | | | 3.40 | | | | 1-22-15 | | | | 1,150,000 | | | | 1,216,275 | |
Bank of Nova Scotia | | | 4.38 | | | | 1-13-21 | | | | 500,000 | | | | 579,535 | |
Barclays Bank plc | | | 2.38 | | | | 1-13-14 | | | | 700,000 | | | | 708,373 | |
Barclays Bank plc | | | 3.90 | | | | 4-7-15 | | | | 250,000 | | | | 261,633 | |
Barclays Bank plc | | | 5.00 | | | | 9-22-16 | | | | 900,000 | | | | 988,831 | |
Barclays Bank plc | | | 5.13 | | | | 1-8-20 | | | | 1,250,000 | | | | 1,350,738 | |
Barclays Bank plc | | | 5.14 | | | | 10-14-20 | | | | 800,000 | | | | 807,188 | |
Barclays Bank plc | | | 5.20 | | | | 7-10-14 | | | | 800,000 | | | | 847,937 | |
Barclays Bank plc | | | 6.75 | | | | 5-22-19 | | | | 750,000 | | | | 878,809 | |
BNP Paribas | | | 3.25 | | | | 3-11-15 | | | | 1,000,000 | | | | 1,030,422 | |
BNP Paribas | | | 3.60 | | | | 2-23-16 | | | | 1,000,000 | | | | 1,046,679 | |
BNP Paribas | | | 5.00 | | | | 1-15-21 | | | | 1,150,000 | | | | 1,239,183 | |
Canadian Imperial Bank | | | 1.45 | | | | 9-13-13 | | | | 500,000 | | | | 505,423 | |
Canadian Imperial Bank | | | 2.35 | | | | 12-11-15 | | | | 500,000 | | | | 525,529 | |
Commonwealth Bank Australia (New York) | | | 1.95 | | | | 3-16-15 | | | | 676,000 | | | | 688,195 | |
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA | | | 4.50 | | | | 1-11-21 | | | | 500,000 | | | | 551,002 | |
HSBC Holdings plc | | | 4.00 | | | | 3-30-22 | | | | 1,000,000 | | | | 1,072,883 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 79 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Commercial Banks (continued) | | | | | | | | | | | | | | | | |
HSBC Holdings plc | | | 4.88 | % | | | 1-14-22 | | | $ | 250,000 | | | $ | 286,379 | |
HSBC Holdings plc | | | 5.10 | | | | 4-5-21 | | | | 1,000,000 | | | | 1,151,029 | |
HSBC Holdings plc | | | 6.50 | | | | 5-2-36 | | | | 1,000,000 | | | | 1,174,775 | |
HSBC Holdings plc | | | 6.50 | | | | 9-15-37 | | | | 850,000 | | | | 1,005,546 | |
HSBC Holdings plc | | | 6.80 | | | | 6-1-38 | | | | 350,000 | | | | 428,004 | |
Lloyds TSB Bank plc | | | 4.20 | | | | 3-28-17 | | | | 500,000 | | | | 530,376 | |
Lloyds TSB Bank plc | | | 4.88 | | | | 1-21-16 | | | | 700,000 | | | | 748,860 | |
Lloyds TSB Bank plc | | | 6.38 | | | | 1-21-21 | | | | 800,000 | | | | 927,682 | |
National Bank of Canada | | | 1.50 | | | | 6-26-15 | | | | 500,000 | | | | 509,088 | |
Rabobank Nederland | | | 2.13 | | | | 10-13-15 | | | | 1,000,000 | | | | 1,023,989 | |
Rabobank Nederland | | | 3.38 | | | | 1-19-17 | | | | 1,000,000 | | | | 1,057,971 | |
Rabobank Nederland | | | 3.88 | | | | 2-8-22 | | | | 1,500,000 | | | | 1,563,299 | |
Royal Bank of Canada | | | 1.13 | | | | 1-15-14 | | | | 200,000 | | | | 201,886 | |
Royal Bank of Canada | | | 1.45 | | | | 10-30-14 | | | | 1,000,000 | | | | 1,019,251 | |
Royal Bank of Canada | | | 2.30 | | | | 7-20-16 | | | | 600,000 | | | | 629,246 | |
Royal Bank of Canada | | | 2.63 | | | | 12-15-15 | | | | 250,000 | | | | 263,777 | |
Royal Bank of Scotland Group plc | | | 3.95 | | | | 9-21-15 | | | | 500,000 | | | | 524,806 | |
Royal Bank of Scotland Group plc | | | 4.38 | | | | 3-16-16 | | | | 1,000,000 | | | | 1,054,183 | |
Royal Bank of Scotland Group plc | | | 4.88 | | | | 3-16-15 | | | | 1,000,000 | | | | 1,061,787 | |
Royal Bank of Scotland Group plc | | | 5.63 | | | | 8-24-20 | | | | 1,000,000 | | | | 1,095,411 | |
Royal Bank of Scotland Group plc | | | 6.40 | | | | 10-21-19 | | | | 575,000 | | | | 633,249 | |
Svenska Handelsbanken AB | | | 3.13 | | | | 7-12-16 | | | | 500,000 | | | | 525,458 | |
Toronto Dominion Bank | | | 1.38 | | | | 7-14-14 | | | | 300,000 | | | | 304,965 | |
Toronto Dominion Bank | | | 2.50 | | | | 7-14-16 | | | | 500,000 | | | | 529,406 | |
Westpac Banking Corporation | | | 1.85 | | | | 12-9-13 | | | | 200,000 | | | | 202,507 | |
Westpac Banking Corporation | | | 2.00 | | | | 8-14-17 | | | | 100,000 | | | | 101,068 | |
Westpac Banking Corporation | | | 4.20 | | | | 2-27-15 | | | | 780,000 | | | | 837,032 | |
Westpac Banking Corporation | | | 4.88 | | | | 11-19-19 | | | | 800,000 | | | | 902,950 | |
| | | | |
| | | | | | | | | | | | | | | 36,839,732 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Diversified Financial Services: 0.65% | | | | | | | | | | | | | | | | |
Abbey National Treasury Services plc | | | 2.88 | | | | 4-25-14 | | | | 200,000 | | | | 200,220 | |
Abbey National Treasury Services plc | | | 4.00 | | | | 4-27-16 | | | | 500,000 | | | | 508,417 | |
AngloGold Holdings plc | | | 5.38 | | | | 4-15-20 | | | | 165,000 | | | | 174,719 | |
AngloGold Holdings plc | | | 6.50 | | | | 4-15-40 | | | | 295,000 | | | | 303,199 | |
Barrick Australian Finance Proprietary Limited | | | 5.95 | | | | 10-15-39 | | | | 550,000 | | | | 638,291 | |
BHP Billiton Finance USA Limited | | | 5.40 | | | | 3-29-17 | | | | 200,000 | | | | 234,541 | |
BHP Billiton Finance USA Limited | | | 5.50 | | | | 4-1-14 | | | | 800,000 | | | | 862,083 | |
BHP Billiton Finance USA Limited | | | 6.50 | | | | 4-1-19 | | | | 1,050,000 | | | | 1,344,494 | |
Burlington Resources Finance Company | | | 7.20 | | | | 8-15-31 | | | | 500,000 | | | | 710,569 | |
ConocoPhillips Canada Funding Company | | | 5.63 | | | | 10-15-16 | | | | 150,000 | | | | 178,635 | |
ConocoPhillips Canada Funding Company | | | 5.95 | | | | 10-15-36 | | | | 300,000 | | | | 396,324 | |
Credit Suisse New York NY | | | 3.50 | | | | 3-23-15 | | | | 500,000 | | | | 526,272 | |
Credit Suisse New York NY | | | 5.30 | | | | 8-13-19 | | | | 1,500,000 | | | | 1,760,384 | |
Credit Suisse New York NY | | | 5.40 | | | | 1-14-20 | | | | 1,500,000 | | | | 1,615,463 | |
Credit Suisse New York NY | | | 5.50 | | | | 5-1-14 | | | | 500,000 | | | | 533,555 | |
Deutsche Bank AG London | | | 3.45 | | | | 3-30-15 | | | | 500,000 | | | | 523,660 | |
Deutsche Bank AG London | | | 3.88 | | | | 8-18-14 | | | | 1,000,000 | | | | 1,051,380 | |
Deutsche Bank AG London | | | 6.00 | | | | 9-1-17 | | | | 1,000,000 | | | | 1,170,119 | |
ORIX Corporation | | | 4.71 | | | | 4-27-15 | | | | 415,000 | | | | 438,489 | |
| | | | |
| 80 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Diversified Financial Services (continued) | | | | | | | | | | | | | | | | |
Rio Tinto Finance USA Limited | | | 2.00 | % | | | 3-22-17 | | | $ | 500,000 | | | $ | 512,429 | |
Rio Tinto Finance USA Limited | | | 2.88 | | | | 8-21-22 | | | | 250,000 | | | | 246,202 | |
Rio Tinto Finance USA Limited | | | 3.50 | | | | 3-22-22 | | | | 500,000 | | | | 523,733 | |
Rio Tinto Finance USA Limited | | | 4.13 | | | | 8-21-42 | | | | 250,000 | | | | 245,728 | |
Rio Tinto Finance USA Limited | | | 4.75 | | | | 3-22-42 | | | | 250,000 | | | | 273,325 | |
Rio Tinto Finance USA Limited | | | 5.20 | | | | 11-2-40 | | | | 300,000 | | | | 345,652 | |
Rio Tinto Finance USA Limited | | | 6.50 | | | | 7-15-18 | | | | 750,000 | | | | 928,640 | |
Rio Tinto Finance USA Limited | | | 8.95 | | | | 5-1-14 | | | | 1,475,000 | | | | 1,670,169 | |
Rio Tinto Finance USA Limited | | | 9.00 | | | | 5-1-19 | | | | 480,000 | | | | 658,661 | |
Shell International Finance BV | | | 2.38 | | | | 8-21-22 | | | | 250,000 | | | | 253,153 | |
Shell International Finance BV | | | 3.25 | | | | 9-22-15 | | | | 1,000,000 | | | | 1,081,624 | |
Shell International Finance BV | | | 3.63 | | | | 8-21-42 | | | | 250,000 | | | | 258,317 | |
Shell International Finance BV | | | 4.00 | | | | 3-21-14 | | | | 950,000 | | | | 1,001,784 | |
Shell International Finance BV | | | 4.30 | | | | 9-22-19 | | | | 500,000 | | | | 584,766 | |
Shell International Finance BV | | | 4.38 | | | | 3-25-20 | | | | 500,000 | | | | 589,262 | |
Shell International Finance BV | | | 5.20 | | | | 3-22-17 | | | | 250,000 | | | | 296,130 | |
Shell International Finance BV | | | 5.50 | | | | 3-25-40 | | | | 300,000 | | | | 400,616 | |
Shell International Finance BV | | | 6.38 | | | | 12-15-38 | | | | 850,000 | | | | 1,241,813 | |
Syngenta Finance NV | | | 3.13 | | | | 3-28-22 | | | | 500,000 | | | | 527,166 | |
UBS AG Stamford Connecticut | | | 3.88 | | | | 1-15-15 | | | | 500,000 | | | | 526,895 | |
UBS AG Stamford Connecticut | | | 4.88 | | | | 8-4-20 | | | | 1,000,000 | | | | 1,116,003 | |
UBS AG Stamford Connecticut | | | 5.75 | | | | 4-25-18 | | | | 1,000,000 | | | | 1,156,566 | |
UBS AG Stamford Connecticut | | | 5.88 | | | | 12-20-17 | | | | 1,500,000 | | | | 1,746,615 | |
Virgin Media Finance plc | | | 5.25 | | | | 1-15-21 | | | | 900,000 | | | | 1,034,123 | |
WPP Finance UK | | | 8.00 | | | | 9-15-14 | | | | 500,000 | | | | 561,071 | |
| | | | |
| | | | | | | | | | | | | | | 30,951,257 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Insurance: 0.05% | | | | | | | | | | | | | | | | |
Aegon NV | | | 4.63 | | | | 12-1-15 | | | | 500,000 | | | | 543,656 | |
AXA SA | | | 8.60 | | | | 12-15-30 | | | | 650,000 | | | | 744,752 | |
Axis Capital Holdings Limited | | | 5.75 | | | | 12-1-14 | | | | 65,000 | | | | 69,935 | |
Manulife Financial Corporation | | | 3.40 | | | | 9-17-15 | | | | 400,000 | | | | 416,710 | |
XL Capital Limited | | | 5.25 | | | | 9-15-14 | | | | 312,000 | | | | 331,588 | |
| | | | |
| | | | | | | | | | | | | | | 2,106,641 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Real Estate Management & Development: 0.00% | | | | | | | | | | | | | | | | |
Brookfield Asset Management Incorporated | | | 5.80 | | | | 4-25-17 | | | | 125,000 | | | | 137,407 | |
| | | | | | | | | | | | | | | | |
| | | | |
Health Care: 0.15% | | | | | | | | | | | | | | | | |
| | | | |
| Pharmaceuticals: 0.15% | | | | | | | | | | | | | | | | |
AstraZeneca plc | | | 5.40 | | | | 6-1-14 | | | | 75,000 | | | | 81,420 | |
AstraZeneca plc | | | 5.90 | | | | 9-15-17 | | | | 800,000 | | | | 980,499 | |
AstraZeneca plc | | | 6.45 | | | | 9-15-37 | | | | 1,150,000 | | | | 1,621,469 | |
Covidien International Finance SA | | | 2.80 | | | | 6-15-15 | | | | 150,000 | | | | 157,653 | |
Covidien International Finance SA | | | 6.00 | | | | 10-15-17 | | | | 600,000 | | | | 729,877 | |
Covidien International Finance SA | | | 6.55 | | | | 10-15-37 | | | | 150,000 | | | | 217,739 | |
Novartis Securities Investment Limited | | | 5.13 | | | | 2-10-19 | | | | 1,000,000 | | | | 1,206,823 | |
Sanofi Aventis | | | 1.63 | | | | 3-28-14 | | | | 210,000 | | | | 213,654 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 81 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Pharmaceuticals (continued) | | | | | | | | | | | | | | | | |
Sanofi Aventis | | | 2.63 | % | | | 3-29-16 | | | $ | 500,000 | | | $ | 529,805 | |
Sanofi Aventis | | | 4.00 | | | | 3-29-21 | | | | 700,000 | | | | 795,740 | |
Teva Pharmaceutical Finance LLC | | | 3.00 | | | | 6-15-15 | | | | 500,000 | | | | 531,931 | |
| | | | |
| | | | | | | | | | | | | | | 7,066,610 | |
| | | | | | | | | | | | | | | | |
| | | | |
Industrials: 0.12% | | | | | | | | | | | | | | | | |
| | | | |
| Aerospace & Defense: 0.01% | | | | | | | | | | | | | | | | |
Embraer Overseas Limited | | | 6.38 | | | | 1-15-20 | | | | 500,000 | | | | 565,000 | |
Empresa Brasileira de Aeronautica | | | 5.15 | | | | 6-15-22 | | | | 200,000 | | | | 209,500 | |
| | | | |
| | | | | | | | | | | | | | | 774,500 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Commercial Services & Supplies: 0.02% | | | | | | | | | | | | | | | | |
Ingersoll-Rand Global Holding Company Limited | | | 6.88 | | | | 8-15-18 | | | | 250,000 | | | | 307,972 | |
Ingersoll-Rand Global Holding Company Limited | | | 9.50 | | | | 4-15-14 | | | | 500,000 | | | | 562,817 | |
| | | | |
| | | | | | | | | | | | | | | 870,789 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Industrial Conglomerates: 0.06% | | | | | | | | | | | | | | | | |
Koninklijke Philips Electronics NV | | | 5.75 | | | | 3-11-18 | | | | 650,000 | | | | 782,945 | |
Philips Electronics NV | | | 3.75 | | | | 3-15-22 | | | | 500,000 | | | | 541,951 | |
Philips Electronics NV | | | 5.00 | | | | 3-15-42 | | | | 500,000 | | | | 574,192 | |
Philips Electronics NV | | | 6.88 | | | | 3-11-38 | | | | 250,000 | | | | 341,627 | |
Tyco Electronics Group SA | | | 7.13 | | | | 10-1-37 | | | | 350,000 | | | | 478,979 | |
| | | | |
| | | | | | | | | | | | | | | 2,719,694 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Road & Rail: 0.03% | | | | | | | | | | | | | | | | |
Canadian National Railway Company | | | 5.55 | | | | 3-1-19 | | | | 435,000 | | | | 534,188 | |
Canadian National Railway Company | | | 6.20 | | | | 6-1-36 | | | | 200,000 | | | | 276,321 | |
Canadian Pacific Railway Company | | | 4.45 | | | | 3-15-23 | | | | 200,000 | | | | 221,190 | |
Canadian Pacific Railway Company | | | 5.75 | | | | 3-15-33 | | | | 360,000 | | | | 409,117 | |
Canadian Pacific Railway Company | | | 5.95 | | | | 5-15-37 | | | | 65,000 | | | | 78,017 | |
Canadian Pacific Railway Company | | | 7.25 | | | | 5-15-19 | | | | 65,000 | | | | 81,038 | |
| | | | |
| | | | | | | | | | | | | | | 1,599,871 | |
| | | | | | | | | | | | | | | | |
| | | | |
Materials: 0.34% | | | | | | | | | | | | | | | | |
| | | | |
| Chemicals: 0.04% | | | | | | | | | | | | | | | | |
Agrium Incorporated | | | 6.13 | | | | 1-15-41 | | | | 165,000 | | | | 207,518 | |
Agrium Incorporated | | | 6.75 | | | | 1-15-19 | | | | 300,000 | | | | 374,252 | |
Potash Corporation of Saskatchewan Incorporated | | | 3.75 | | | | 9-30-15 | | | | 560,000 | | | | 604,918 | |
Potash Corporation of Saskatchewan Incorporated | | | 4.88 | | | | 3-30-20 | | | | 255,000 | | | | 298,371 | |
Potash Corporation of Saskatchewan Incorporated | | | 5.25 | | | | 5-15-14 | | | | 50,000 | | | | 53,721 | |
Potash Corporation of Saskatchewan Incorporated | | | 5.63 | | | | 12-1-40 | | | | 200,000 | | | | 254,441 | |
Potash Corporation of Saskatchewan Incorporated | | | 5.88 | | | | 12-1-36 | | | | 75,000 | | | | 98,279 | |
Potash Corporation of Saskatchewan Incorporated | | | 6.50 | | | | 5-15-19 | | | | 65,000 | | | | 81,642 | |
| | | | |
| | | | | | | | | | | | | | | 1,973,142 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Metals & Mining: 0.28% | | | | | | | | | | | | | | | | |
ArcelorMittal | | | 4.00 | | | | 3-1-16 | | | | 100,000 | | | | 97,700 | |
ArcelorMittal | | | 4.75 | | | | 2-25-17 | | | | 500,000 | | | | 490,059 | |
| | | | |
| 82 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Metals & Mining (continued) | | | | | | | | | | | | | | | | |
ArcelorMittal | | | 5.75 | % | | | 3-1-21 | | | $ | 500,000 | | | $ | 474,656 | |
ArcelorMittal | | | 6.13 | | | | 6-1-18 | | | | 600,000 | | | | 595,585 | |
ArcelorMittal | | | 7.00 | | | | 3-1-41 | | | | 500,000 | | | | 431,782 | |
ArcelorMittal | | | 7.25 | | | | 10-15-39 | | | | 500,000 | | | | 450,548 | |
ArcelorMittal | | | 9.25 | | | | 2-15-15 | | | | 425,000 | | | | 467,984 | |
ArcelorMittal | | | 10.10 | | | | 6-1-19 | | | | 1,000,000 | | | | 1,140,512 | |
Barrick Gold Corporation | | | 3.85 | | | | 4-1-22 | | | | 500,000 | | | | 519,359 | |
Barrick Gold Corporation | | | 5.25 | | | | 4-1-42 | | | | 500,000 | | | | 544,018 | |
BHP Billiton Limited | | | 1.00 | | | | 2-24-15 | | | | 500,000 | | | | 505,407 | |
BHP Billiton Limited | | | 1.63 | | | | 2-24-17 | | | | 500,000 | | | | 510,026 | |
Falconbridge Limited | | | 6.00 | | | | 10-15-15 | | | | 600,000 | | | | 668,257 | |
Kinross Gold Corporation | | | 5.13 | | | | 9-1-21 | | | | 200,000 | | | | 204,130 | |
Teck Resources Limited | | | 4.50 | | | | 1-15-21 | | | | 350,000 | | | | 369,881 | |
Teck Resources Limited | | | 4.75 | | | | 1-15-22 | | | | 202,000 | | | | 217,265 | |
Teck Resources Limited | | | 5.20 | | | | 3-1-42 | | | | 500,000 | | | | 480,625 | |
Teck Resources Limited | | | 6.00 | | | | 8-15-40 | | | | 175,000 | | | | 183,903 | |
Teck Resources Limited | | | 6.25 | | | | 7-15-41 | | | | 300,000 | | | | 332,057 | |
Vale Overseas Limited | | | 4.38 | | | | 1-11-22 | | | | 700,000 | | | | 717,909 | |
Vale Overseas Limited | | | 4.63 | | | | 9-15-20 | | | | 300,000 | | | | 314,798 | |
Vale Overseas Limited | | | 6.25 | | | | 1-23-17 | | | | 1,405,000 | | | | 1,610,776 | |
Vale Overseas Limited | | | 6.88 | | | | 11-21-36 | | | | 1,260,000 | | | | 1,483,361 | |
Vale Overseas Limited | | | 6.88 | | | | 11-10-39 | | | | 130,000 | | | | 154,301 | |
Vale Overseas Limited | | | 8.25 | | | | 1-17-34 | | | | 300,000 | | | | 388,626 | |
| | | | |
| | | | | | | | | | | | | | | 13,353,525 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Paper & Forest Products: 0.02% | | | | | | | | | | | | | | | | |
Celulosa Arauco y Constitucion SA | | | 4.75 | | | | 1-11-22 | | | | 500,000 | | | | 525,126 | |
Celulosa Arauco y Constitucion SA | | | 5.63 | | | | 4-20-15 | | | | 65,000 | | | | 70,766 | |
Celulosa Arauco y Constitucion SA | | | 7.25 | | | | 7-29-19 | | | | 350,000 | | | | 421,394 | |
| | | | |
| | | | | | | | | | | | | | | 1,017,286 | |
| | | | | | | | | | | | | | | | |
| | | | |
Telecommunication Services: 0.60% | | | | | | | | | | | | | | | | |
| | | | |
| Diversified Telecommunication Services: 0.37% | | | | | | | | | | | | | | | | |
British Telecommunications plc | | | 5.95 | | | | 1-15-18 | | | | 250,000 | | | | 298,348 | |
British Telecommunications plc | | | 9.63 | | | | 12-15-30 | | | | 1,150,000 | | | | 1,847,907 | |
Deutsche Telekom International Finance BV | | | 4.88 | | | | 7-8-14 | | | | 300,000 | | | | 318,133 | |
Deutsche Telekom International Finance BV | | | 5.75 | | | | 3-23-16 | | | | 275,000 | | | | 312,844 | |
Deutsche Telekom International Finance BV | | | 6.00 | | | | 7-8-19 | | | | 500,000 | | | | 607,505 | |
Deutsche Telekom International Finance BV | | | 8.75 | | | | 6-15-30 | | | | 830,000 | | | | 1,224,641 | |
Deutsche Telekom International Finance BV | | | 9.25 | | | | 6-1-32 | | | | 500,000 | | | | 781,180 | |
France Telecom SA | | | 4.38 | | | | 7-8-14 | | | | 1,000,000 | | | | 1,057,034 | |
France Telecom SA | | | 5.38 | | | | 7-8-19 | | | | 350,000 | | | | 405,892 | |
France Telecom SA | | | 8.50 | | | | 3-1-31 | | | | 925,000 | | | | 1,379,050 | |
Royal KPN NV | | | 8.38 | | | | 10-1-30 | | | | 375,000 | | | | 499,750 | |
Telecom Italia Capital SA | | | 4.95 | | | | 9-30-14 | | | | 1,150,000 | | | | 1,167,250 | |
Telecom Italia Capital SA | | | 5.25 | | | | 11-15-13 | | | | 415,000 | | | | 424,856 | |
Telecom Italia Capital SA | | | 5.25 | | | | 10-1-15 | | | | 200,000 | | | | 203,000 | |
Telecom Italia Capital SA | | | 6.00 | | | | 9-30-34 | | | | 150,000 | | | | 123,000 | |
Telecom Italia Capital SA | | | 7.18 | | | | 6-18-19 | | | | 1,000,000 | | | | 1,045,000 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 83 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Diversified Telecommunication Services (continued) | | | | | | | | | | | | | | | | |
Telecom Italia Capital SA | | | 7.20 | % | | | 7-18-36 | | | $ | 500,000 | | | $ | 450,000 | |
Telecom Italia Capital SA | | | 7.72 | | | | 6-4-38 | | | | 500,000 | | | | 466,250 | |
Telefonica Emisiones SAU | | | 3.73 | | | | 4-27-15 | | | | 470,000 | | | | 457,075 | |
Telefonica Emisiones SAU | | | 3.99 | | | | 2-16-16 | | | | 710,000 | | | | 683,375 | |
Telefonica Emisiones SAU | | | 4.95 | | | | 1-15-15 | | | | 430,000 | | | | 433,225 | |
Telefonica Emisiones SAU | | | 5.13 | | | | 4-27-20 | | | | 445,000 | | | | 406,619 | |
Telefonica Emisiones SAU | | | 5.46 | | | | 2-16-21 | | | | 500,000 | | | | 460,000 | |
Telefonica Emisiones SAU | | | 6.42 | | | | 6-20-16 | | | | 500,000 | | | | 511,250 | |
Telefonica Emisiones SAU | | | 7.05 | | | | 6-20-36 | | | | 550,000 | | | | 508,750 | |
Telefonica Europe BV | | | 8.25 | | | | 9-15-30 | | | | 420,000 | | | | 429,450 | |
Telefonica SA | | | 5.88 | | | | 7-15-19 | | | | 645,000 | | | | 622,425 | |
Telefonos de Mexico SA de CV | | | 5.50 | | | | 1-27-15 | | | | 465,000 | | | | 511,497 | |
| | | | |
| | | | | | | | | | | | | | | 17,635,306 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Wireless Telecommunication Services: 0.23% | | | | | | | | | | | | | | | | |
America Movil SAB de CV | | | 2.38 | | | | 9-8-16 | | | | 750,000 | | | | 778,894 | |
America Movil SAB de CV | | | 3.63 | | | | 3-30-15 | | | | 500,000 | | | | 533,925 | |
America Movil SAB de CV | | | 5.00 | | | | 3-30-20 | | | | 1,000,000 | | | | 1,162,902 | |
America Movil SAB de CV | | | 5.50 | | | | 3-1-14 | | | | 300,000 | | | | 320,428 | |
America Movil SAB de CV | | | 5.63 | | | | 11-15-17 | | | | 450,000 | | | | 532,900 | |
America Movil SAB de CV | | | 6.13 | | | | 11-15-37 | | | | 100,000 | | | | 127,793 | |
America Movil SAB de CV | | | 6.13 | | | | 3-30-40 | | | | 500,000 | | | | 645,933 | |
America Movil SAB de CV | | | 6.38 | | | | 3-1-35 | | | | 65,000 | | | | 84,249 | |
Rogers Communications Incorporated | | | 6.80 | | | | 8-15-18 | | | | 750,000 | | | | 940,541 | |
Rogers Wireless Incorporated | | | 6.38 | | | | 3-1-14 | | | | 100,000 | | | | 108,347 | |
Rogers Wireless Incorporated | | | 7.50 | | | | 3-15-15 | | | | 500,000 | | | | 581,066 | |
Vodafone Group plc | | | 1.63 | | | | 3-20-17 | | | | 500,000 | | | | 509,738 | |
Vodafone Group plc | | | 3.38 | | | | 11-24-15 | | | | 500,000 | | | | 538,434 | |
Vodafone Group plc | | | 4.15 | | | | 6-10-14 | | | | 250,000 | | | | 265,168 | |
Vodafone Group plc | | | 4.63 | | | | 7-15-18 | | | | 180,000 | | | | 207,792 | |
Vodafone Group plc | | | 5.00 | | | | 12-16-13 | | | | 600,000 | | | | 634,120 | |
Vodafone Group plc | | | 5.00 | | | | 9-15-15 | | | | 250,000 | | | | 280,177 | |
Vodafone Group plc | | | 5.38 | | | | 1-30-15 | | | | 75,000 | | | | 82,964 | |
Vodafone Group plc | | | 5.45 | | | | 6-10-19 | | | | 400,000 | | | | 486,767 | |
Vodafone Group plc | | | 5.63 | | | | 2-27-17 | | | | 500,000 | | | | 592,923 | |
Vodafone Group plc | | | 6.15 | | | | 2-27-37 | | | | 1,000,000 | | | | 1,341,974 | |
Vodafone Group plc | | | 7.88 | | | | 2-15-30 | | | | 250,000 | | | | 374,642 | |
| | | | |
| | | | | | | | | | | | | | | 11,131,677 | |
| | | | | | | | | | | | | | | | |
| | | | |
Utilities: 0.05% | | | | | | | | | | | | | | | | |
| | | | |
| Electric Utilities: 0.01% | | | | | | | | | | | | | | | | |
Enersis SA | | | 7.38 | | | | 1-15-14 | | | | 250,000 | | | | 266,764 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Independent Power Producers & Energy Traders: 0.01% | | | | | | | | | | | | | | | | |
Transalta Corporation | | | 4.75 | | | | 1-15-15 | | | | 400,000 | | | | 418,854 | |
Transalta Corporation | | | 6.50 | | | | 3-15-40 | | | | 90,000 | | | | 91,673 | |
| | | | |
| | | | | | | | | | | | | | | 510,527 | |
| | | | | | | | | | | | | | | | |
| | | | |
| 84 | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Multi-Utilities: 0.02% | | | | | | | | | | | | | | | | |
National Grid plc | | | 6.30 | % | | | 8-1-16 | | | $ | 600,000 | | | $ | 693,135 | |
Veolia Environment SA | | | 6.00 | | | | 6-1-18 | | | | 500,000 | | | | 577,539 | |
| | | | |
| | | | | | | | | | | | | | | 1,270,674 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Water Utilities: 0.01% | | | | | | | | | | | | | | | | |
United Utilities Incorporated | | | 5.38 | | | | 2-1-19 | | | | 250,000 | | | | 269,870 | |
| | | | | | | | | | | | | | | | |
| | | | |
Total Yankee Corporate Bonds and Notes (Cost $161,537,695) | | | | | | | | | | | | | | | 175,943,461 | |
| | | | | | | | | | | | | | | | |
| | | | |
Other: 0.01% | | | | | | | | | | | | | | | | |
Gryphon Funding Limited, Pass-Through Entity (a)(v)(i) | | | | | | | | | | | 1,426,543 | | | | 385,167 | |
| | | | |
Total Other (Cost $162,054) | | | | | | | | | | | | | | | 385,167 | |
| | | | | | | | | | | | | | | | |
| | | | |
| | | Yield | | | | | | Shares | | | | |
| Short-Term Investments: 3.69% | | | | | | | | | | | | | | | | |
| | | | |
| Investment Companies: 3.69% | | | | | | | | | | | | | | | | |
Wells Fargo Advantage Cash Investment Money Market Fund, Select
Class (l)(u)## | | | 0.16 | | | | | | | | 169,874,378 | | | | 169,874,378 | |
Wells Fargo Securities Lending Cash Investments, LLC (l)(v)(u)(r) | | | 0.19 | | | | | | | | 6,632,384 | | | | 6,632,384 | |
| | | | |
| | | | | | | | | | | | | | | 176,506,762 | |
| | | | | | | | | | | | | | | | |
| | | | |
Total Short-Term Investments (Cost $176,506,762) | | | | | | | | | | | | | | | 176,506,762 | |
| | | | | | | | | | | | | | | | |
| | | | | | | | |
| Total investments in securities | | | | | | | | |
| (Cost $4,583,152,627)* | | | 102.56 | % | | | 4,901,624,845 | |
Other assets and liabilities, net | | | (2.56 | ) | | | (122,308,881 | ) |
| | | | | | | | |
| Total net assets | | | 100.00 | % | | $ | 4,779,315,964 | |
| | | | | | | | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Fixed Income Portfolio | | | 85 | |
| ± | Variable rate investment |
| %% | Security issued on a when-issued (TBA) basis. |
| ¤ | Security issued in zero coupon form with no periodic interest payments. |
| § | These securities are subject to a demand feature which reduces the effective maturity. |
| 144A | Security that may be resold to “qualified institutional buyers” under Rule 144A or security offered pursuant to Section 4(2) of the Securities Act of 1933, as amended. |
| « | All or a portion of this security is on loan. |
| (l) | Investment in an affiliate |
| @ | Foreign bond principal is denominated in local currency. |
| (a) | Security is fair valued by the Management Valuation Team, and in certain instances by the Board of Trustees, in accordance with procedures approved by the Board of Trustees. |
| (v) | Security represents investment of cash collateral received from securities on loan. |
| (u) | Rate shown is the 7-day annualized yield at period end. |
| ## | All or a portion of this security has been segregated for when-issued, delayed delivery securities and/or unfunded loans. |
| (r) | The investment company is exempt from registration under Section 3(c)(7) of the 1940 Act. |
| * | Cost for federal income tax purposes is $4,585,180,634 and unrealized appreciation (depreciation) consists of: |
| | | | |
Gross unrealized appreciation | | $ | 345,632,197 | |
Gross unrealized depreciation | | | (29,187,986 | ) |
| | | | |
Net unrealized appreciation | | $ | 316,444,211 | |
The following table shows the percent of total long-term investments by geographic location as of August 31, 2012:
| | | | |
United States | | | 71.22 | % |
Japan | | | 12.31 | % |
United Kingdom | | | 3.70 | % |
France | | | 2.50 | % |
Germany | | | 2.07 | % |
Italy | | | 2.05 | % |
Canada | | | 1.68 | % |
Netherlands | | | 0.97 | % |
Spain | | | 0.95 | % |
Other | | | 2.55 | % |
| | | | |
| | | 100.00 | % |
| | | | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 1 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
Common Stocks: 96.21% | | | | | | | | | | | | |
| | | | |
Consumer Discretionary: 12.54% | | | | | | | | | | | | |
| | | | |
| Auto Components: 0.71% | | | | | | | | | | | | |
Aapico Hitech Public Company Limited | | | | | | | 123,000 | | | $ | 79,684 | |
Aisin Seiki Company Limited | | | | | | | 35,200 | | | | 1,119,458 | |
Akebono Brake Industry Company Limited | | | | | | | 22,700 | | | | 114,812 | |
Autoneum Holding AG † | | | | | | | 164 | | | | 7,644 | |
Bharat Forge Limited | | | | | | | 19,334 | | | | 96,957 | |
BorgWarner Incorporated Ǡ | | | | | | | 90,355 | | | | 6,214,617 | |
Bosch Limited | | | | | | | 1,719 | | | | 263,002 | |
Bridgestone Corporation | | | | | | | 119,800 | | | | 2,777,151 | |
Bridgestone Corporation ADR Ǡ | | | | | | | 4,725 | | | | 220,138 | |
Calsonic Kansei Corporation | | | | | | | 41,000 | | | | 197,420 | |
Cheng Shin Rubber Industry Company Limited | | | | | | | 503,582 | | | | 1,224,025 | |
Compagnie Generale Des Establissements Michelin Class B | | | | | | | 17,733 | | | | 1,272,476 | |
Continental AG | | | | | | | 6,903 | | | | 686,446 | |
Cooper Tire & Rubber Company | | | | | | | 130,904 | | | | 2,616,771 | |
Dana Holding Corporation « | | | | | | | 318,737 | | | | 4,353,947 | |
Denso Corporation | | | | | | | 88,500 | | | | 2,950,188 | |
Exedy Corporation | | | | | | | 5,000 | | | | 102,305 | |
Exide Industries Limited | | | | | | | 78,617 | | | | 189,246 | |
Faurecia | | | | | | | 2,019 | | | | 37,204 | |
FCC Company Limited | | | | | | | 5,300 | | | | 84,954 | |
Futaba Industrial Company Limited † | | | | | | | 6,100 | | | | 27,892 | |
Gentex Corporation « | | | | | | | 103,820 | | | | 1,818,926 | |
GKN plc | | | | | | | 150,914 | | | | 511,608 | |
Halla Climate Control Corporation | | | | | | | 8,860 | | | | 188,191 | |
Hankook Tire Company Limited (a) | | | | | | | 19,330 | | | | 700,894 | |
Hi-Lex Corporation | | | | | | | 4,100 | | | | 64,672 | |
Hyundai Mobis | | | | | | | 13,087 | | | | 3,546,769 | |
Hyundai Wia Corporation | | | | | | | 2,855 | | | | 452,925 | |
Kayaba Industry Company Limited « | | | | | | | 27,000 | | | | 98,972 | |
KEIHIN Corporation | | | | | | | 9,300 | | | | 121,276 | |
Kenda Rubber Industrial Company Limited | | | | | | | 159,577 | | | | 192,338 | |
Koito Manufacturing Company Limited | | | | | | | 17,000 | | | | 211,482 | |
Kumho Industrial Company Limited † | | | | | | | 24,425 | | | | 74,268 | |
Lear Corporation | | | | | | | 70,016 | | | | 2,718,721 | |
Leoni AG | | | | | | | 4,204 | | | | 157,576 | |
Linamar Corporation | | | | | | | 2,422 | | | | 50,688 | |
Magna International Incorporated Class A « | | | | | | | 19,200 | | | | 828,575 | |
Mando Corporation | | | | | | | 2,550 | | | | 361,838 | |
Martinrea International Incorporated † | | | | | | | 3,001 | | | | 24,142 | |
Minth Group Limited | | | | | | | 76,000 | | | | 84,663 | |
Mitsuboshi Belting Company Limited | | | | | | | 10,000 | | | | 59,774 | |
Musashi Seimitsu Industry Company Limited | | | | | | | 1,900 | | | | 35,600 | |
Nan Kang Rubber Tire Company Limited † | | | | | | | 119,957 | | | | 173,822 | |
NGK Spark Plug Company Limited | | | | | | | 29,000 | | | | 312,983 | |
NHK Spring Company Limited | | | | | | | 37,500 | | | | 369,276 | |
NIFCO Incorporated | | | | | | | 6,500 | | | | 152,922 | |
Nippon Seiki Company Limited | | | | | | | 8,000 | | | | 81,436 | |
| | | | |
| 2 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Auto Component (continued) | | | | | | | | | | | | |
Nissan Shatai Company Limited | | | | | | | 12,000 | | | $ | 134,721 | |
Nissin Kogyo Company Limited | | | | | | | 8,500 | | | | 115,620 | |
NOK Corporation | | | | | | | 19,900 | | | | 332,959 | |
Nokian Renkaat Oyj | | | | | | | 13,330 | | | | 524,623 | |
Pacific Industrial Company Limited | | | | | | | 5,000 | | | | 28,737 | |
Pirelli & Company SpA | | | | | | | 18,218 | | | | 200,503 | |
Press Kogyo Company Limited | | | | | | | 13,000 | | | | 51,804 | |
Rieter Holding AG | | | | | | | 164 | | | | 24,204 | |
Riken Corporation | | | | | | | 27,000 | | | | 104,489 | |
Sanden Corporation | | | | | | | 14,000 | | | | 40,411 | |
Showa Corporation | | | | | | | 13,400 | | | | 115,867 | |
Somboon Advance Technology PCL | | | | | | | 104,216 | | | | 98,945 | |
Stanley Electric Company Limited | | | | | | | 28,700 | | | | 424,113 | |
Sumitomo Rubber Industries | | | | | | | 33,200 | | | | 404,956 | |
Tachi-S Company Limited | | | | | | | 3,600 | | | | 67,866 | |
Takata Corporation | | | | | | | 5,600 | | | | 104,926 | |
Tenneco Automotive Incorporated † | | | | | | | 109,700 | | | | 3,331,589 | |
Thai Stanley Electric PCL | | | | | | | 13,600 | | | | 92,446 | |
Tokai Rika Company Limited | | | | | | | 8,200 | | | | 122,432 | |
Tokai Rubber Industries Incorporated | | | | | | | 6,500 | | | | 69,321 | |
Tong Yang Industry Company Limited | | | | | | | 97,926 | | | | 93,182 | |
Topre Corporation | | | | | | | 4,200 | | | | 36,638 | |
Toyo Tire & Rubber Company Limited | | | | | | | 50,000 | | | | 135,385 | |
Toyota Boshoku Corporation | | | | | | | 11,900 | | | | 136,638 | |
Toyota Gosei Company Limited | | | | | | | 14,500 | | | | 299,464 | |
Toyota Industries Corporation | | | | | | | 38,400 | | | | 1,078,996 | |
TRW Automotive Holdings Corporation † | | | | | | | 69,900 | | | | 3,055,329 | |
TS Tech Company Limited | | | | | | | 7,600 | | | | 137,061 | |
UMW Holdings Berhad | | | | | | | 137,800 | | | | 449,851 | |
Unipres Corporation | | | | | | | 5,100 | | | | 140,112 | |
Valeo SA | | | | | | | 7,819 | | | | 369,835 | |
Xinyi Glass Holding Company Limited | | | | | | | 456,149 | | | | 208,785 | |
Yarnapund PCL †(a) | | | | | | | 1,551,500 | | | | 14,359 | |
Yokohama Rubber Company Limited | | | | | | | 65,000 | | | | 483,173 | |
| | | | |
| | | | | | | | | | | 51,060,014 | |
| | | | | | | | | | | | |
| | | | |
| Automobiles: 0.99% | | | | | | | | | | | | |
Bajaj Auto | | | | | | | 14,575 | | | | 423,743 | |
Bayerische Motoren Werke AG | | | | | | | 29,701 | | | | 2,154,057 | |
Brilliance China Automotive Holdings Limited † | | | | | | | 568,000 | | | | 555,114 | |
BYD Company Limited † | | | | | | | 119,000 | | | | 207,438 | |
China Motor Company Limited | | | | | | | 198,150 | | | | 181,273 | |
Chongqing Changchun Automobile Class B | | | | | | | 43 | | | | 15 | |
Daihatsu Motor Company Limited | | | | | | | 38,000 | | | | 619,784 | |
Daimler AG | | | | | | | 89,706 | | | | 4,400,456 | |
Dongfeng Motor Group Company Limited | | | | | | | 598,000 | | | | 774,105 | |
Fiat Industrial | | | | | | | 78,164 | | | | 787,009 | |
Fiat SpA † | | | | | | | 84,699 | | | | 461,507 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 3 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Automobiles (continued) | | | | | | | | | | | | |
Fleetwood Corporation Limited | | | | | | | 5,415 | | | $ | 63,274 | |
Ford Otomotiv Sanayi AS | | | | | | | 8,512 | | | | 83,520 | |
Fuji Heavy Industries Limited | | | | | | | 117,000 | | | | 935,462 | |
Geely Automobile Holdings Limited « | | | | | | | 780,000 | | | | 250,414 | |
General Motors Company † | | | | | | | 79,800 | | | | 1,703,730 | |
Ghabbour Auto | | | | | | | 3,188 | | | | 12,182 | |
Guangzhou Automobile Group Company Limited | | | | | | | 493,454 | | | | 344,198 | |
Hero Honda Motors Limited | | | | | | | 20,559 | | | | 651,605 | |
Honda Motor Company Limited | | | | | | | 316,800 | | | | 10,002,294 | |
Honda Motor Company Limited ADR | | | | | | | 25 | | | | 797 | |
Hyundai Motor Company Limited | | | | | | | 27,547 | | | | 5,838,981 | |
Isuzu Motors Limited | | | | | | | 224,000 | | | | 1,141,529 | |
Kia Motors Corporation | | | | | | | 55,867 | | | | 3,648,558 | |
Mahindra & Mahindra Limited | | | | | | | 52,028 | | | | 713,801 | |
Mahindra & Mahindra Limited GDR | | | | | | | 20,144 | | | | 273,958 | |
Maruti Suzuki India Limited | | | | | | | 28,721 | | | | 590,323 | |
Mazda Motor Corporation † | | | | | | | 496,000 | | | | 595,491 | |
Mitsubishi Motors Corporation † | | | | | | | 631,000 | | | | 588,326 | |
Nissan Motor Company Limited | | | | | | | 418,100 | | | | 3,898,244 | |
Oriental Holdings Berhad | | | | | | | 28,320 | | | | 70,517 | |
Peugeot SA † | | | | | | | 32,389 | | | | 245,044 | |
PT Astra International Incorporated TBK | | | | | | | 3,992,940 | | | | 2,826,675 | |
Renault SA | | | | | | | 18,761 | | | | 877,004 | |
Suzuki Motor Corporation | | | | | | | 77,700 | | | | 1,417,148 | |
Tan Chong Motor Holdings Berhad | | | | | | | 87,300 | | | | 126,850 | |
Tata Motors Limited | | | | | | | 164,889 | | | | 694,535 | |
Tata Motors Limited Differential Voting Rights A Shares | | | | | | | 119,486 | | | | 293,425 | |
Tesla Motors Incorporated Ǡ | | | | | | | 41,700 | | | | 1,189,284 | |
Tofas Turk Otomobil Fabrikasi AS | | | | | | | 12,763 | | | | 61,738 | |
Toyota Motor Corporation | | | | | | | 520,714 | | | | 20,583,815 | |
Volkswagen AG | | | | | | | 2,854 | | | | 464,874 | |
Yamaha Motor Company Limited | | | | | | | 54,900 | | | | 475,410 | |
Yue Loong Motor | | | | | | | 230,929 | | | | 419,436 | |
Zhongsheng Group Holdings Limited | | | | | | | 140,000 | | | | 175,994 | |
| | | | |
| | | | | | | | | | | 71,822,937 | |
| | | | | | | | | | | | |
| | | | |
| Distributors: 0.22% | | | | | | | | | | | | |
Canon Marketing Japan Incorporated | | | | | | | 10,300 | | | | 141,946 | |
CFAO | | | | | | | 4,172 | | | | 195,628 | |
D’ieteren SA NV | | | | | | | 1,530 | | | | 67,663 | |
Delek Automotive Systems Limited | | | | | | | 1,187 | | | | 6,372 | |
Genuine Parts Company « | | | | | | | 105,779 | | | | 6,681,002 | |
Hanwha Corporation (Korea) | | | | | | | 11,460 | | | | 332,803 | |
Imperial Holding Limited | | | | | | | 47,334 | | | | 1,149,975 | |
Inchcape plc | | | | | | | 38,717 | | | | 226,542 | |
Jardine Cycle & Carriage Limited | | | | | | | 15,439 | | | | 573,342 | |
JFE Shoji Trade Corporation | | | | | | | 19,000 | | | | 65,279 | |
LG International Corporation | | | | | | | 5,460 | | | | 195,855 | |
Li & Fung Limited | | | | | | | 1,040,530 | | | | 1,690,403 | |
Pacific Brands Limited | | | | | | | 88,865 | | | | 56,005 | |
| | | | |
| 4 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Distributors (continued) | | | | | | | | | | | | |
Pool Corporation « | | | | | | | 106,300 | | | $ | 4,187,157 | |
Schneider Electric Infrastructure Limited | | | | | | | 5,981 | | | | 9,338 | |
Tat Hong Holdings Limited | | | | | | | 7,000 | | | | 6,542 | |
Uni-Select Incorporated | | | | | | | 432 | | | | 10,965 | |
Yokohama Reito Company | | | | | | | 7,100 | | | | 56,405 | |
| | | | |
| | | | | | | | | | | 15,653,222 | |
| | | | | | | | | | | | |
| | | | |
| Diversified Consumer Services: 0.42% | | | | | | | | | | | | |
Arbitron Incorporated | | | | | | | 47,600 | | | | 1,674,092 | |
Benesse Corporation | | | | | | | 17,200 | | | | 851,268 | |
Coinstar Incorporated Ǡ | | | | | | | 57,462 | | | | 2,937,457 | |
Corporate Executive Board Company | | | | | | | 60,400 | | | | 2,812,224 | |
DeVry Incorporated « | | | | | | | 37,100 | | | | 716,401 | |
Educomp Solutions Limited | | | | | | | 5,295 | | | | 13,774 | |
H & R Block Incorporated | | | | | | | 194,011 | | | | 3,212,822 | |
Hillenbrand Incorporated | | | | | | | 137,686 | | | | 2,494,870 | |
InvoCare Limited | | | | | | | 16,803 | | | | 154,851 | |
Itausa Investimentos Itau SA | | | | | | | 41,648 | | | | 264,878 | |
Navitas Limited « | | | | | | | 29,257 | | | | 129,371 | |
New Oriental Education & Technology Group Incorporated « | | | | | | | 17,412 | | | | 242,027 | |
Raffles Education Corporation Limited | | | | | | | 55,177 | | | | 15,272 | |
Regis Corporation « | | | | | | | 128,295 | | | | 2,310,593 | |
Service Corporation International « | | | | | | | 474,743 | | | | 6,190,649 | |
Sotheby’s Holdings Incorporated « | | | | | | | 126,400 | | | | 3,951,264 | |
Strayer Education Incorporated « | | | | | | | 23,241 | | | | 1,505,552 | |
Weight Watchers International Incorporated | | | | | | | 13,700 | | | | 654,449 | |
| | | | |
| | | | | | | | | | | 30,131,814 | |
| | | | | | | | | | | | |
| | | | |
| Hotels, Restaurants & Leisure: 1.86% | | | | | | | | | | | | |
A-Max Holdings Limited †(a) | | | | | | | 83,500 | | | | 657 | |
Accor SA | | | | | | | 17,004 | | | | 539,182 | |
Accordia Golf Company Limited | | | | | | | 241 | | | | 153,905 | |
Ajisen China Holdings Limited | | | | | | | 67,200 | | | | 41,242 | |
Aristocrat Leisure Limited | | | | | | | 103,978 | | | | 285,750 | |
Autogrill SpA | | | | | | | 5,082 | | | | 43,339 | |
Bally Technologies Incorporated † | | | | | | | 80,609 | | | | 3,570,173 | |
Banyan Tree Holdings Limited † | | | | | | | 13,000 | | | | 5,945 | |
Berjaya Land Berhad | | | | | | | 210,400 | | | | 53,871 | |
Berjaya Sports Toto Berhad | | | | | | | 110,350 | | | | 155,751 | |
Bob Evans Farms Incorporated « | | | | | | | 1,361 | | | | 53,542 | |
Brinker International Incorporated | | | | | | | 165,490 | | | | 5,702,785 | |
Cafe de Coral Holdings Limited | | | | | | | 52,000 | | | | 145,153 | |
Carnival Corporation | | | | | | | 47,700 | | | | 1,654,236 | |
Carnival plc | | | | | | | 16,563 | | | | 567,808 | |
CEC Entertainment Incorporated | | | | | | | 37,500 | | | | 1,114,125 | |
Chipotle Mexican Grill Incorporated † | | | | | | | 24,994 | | | | 7,214,268 | |
Compass Group plc | | | | | | | 192,709 | | | | 2,169,492 | |
Cracker Barrel Old Country Store Incorporated | | | | | | | 41,700 | | | | 2,626,266 | |
Crown Limited | | | | | | | 72,900 | | | | 676,343 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 5 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Hotels, Restaurants & Leisure (continued) | | | | | | | | | | | | |
Darden Restaurants Incorporated « | | | | | | | 89,100 | | | $ | 4,628,745 | |
Domino’s Pizza Incorporated | | | | | | | 100,400 | | | | 3,558,176 | |
Doutor Nichires Holdings Company Limited | | | | | | | 5,200 | | | | 64,357 | |
Echo Entertainment Group Limited | | | | | | | 134,190 | | | | 565,644 | |
Egyptian For Tourism Resorts † | | | | | | | 16,982 | | | | 3,451 | |
EIH Limited | | | | | | | 57,568 | | | | 79,638 | |
Enterprise Inns plc † | | | | | | | 26,791 | | | | 24,248 | |
Flight Centre Limited « | | | | | | | 11,645 | | | | 287,542 | |
Formosa International Hotels Corporation | | | | | | | 13,510 | | | | 147,951 | |
Fujita Kanko Incorporated | | | | | | | 30,000 | | | | 99,623 | |
Galaxy Entertainment Group Limited † | | | | | | | 255,000 | | | | 724,960 | |
Gaylord Entertainment Company Ǡ | | | | | | | 92,700 | | | | 3,758,058 | |
Genting Berhad | | | | | | | 521,200 | | | | 1,504,632 | |
Genting Hong Kong Limited † | | | | | | | 327,000 | | | | 108,776 | |
Genting Singapore plc | | | | | | | 1,010,320 | | | | 1,106,367 | |
Grand Korea Leisure Company Limited | | | | | | | 10,260 | | | | 260,880 | |
Great Canadian Gaming Corporation † | | | | | | | 676 | | | | 6,878 | |
Greene King plc | | | | | | | 17,051 | | | | 150,669 | |
H.I.S Company Limited | | | | | | | 3,400 | | | | 117,509 | |
Hong Kong & Shanghai Hotels Limited | | | | | | | 94,530 | | | | 114,568 | |
Hotel Properties Limited | | | | | | | 6,000 | | | | 12,226 | |
Hotel Shilla Company Limited | | | | | | | 5,700 | | | | 269,772 | |
Hyatt Hotels Corporation Class A † | | | | | | | 81,784 | | | | 3,102,067 | |
Imperial Hotel Limited | | | | | | | 3,200 | | | | 98,581 | |
Indian Hotels Company Limited | | | | | | | 66,498 | | | | 70,533 | |
Intercontinental Hotels Group plc | | | | | | | 30,560 | | | | 778,822 | |
International Game Technology | | | | | | | 203,830 | | | | 2,505,071 | |
International Speedway Corporation Class A | | | | | | | 55,500 | | | | 1,476,855 | |
Intralot SA-Integrated Lottery Systems & Services | | | | | | | 4,444 | | | | 5,170 | |
Jack in the Box Incorporated Ǡ | | | | | | | 97,800 | | | | 2,551,602 | |
Jollibee Foods Corporation | | | | | | | 74,880 | | | | 177,968 | |
Kangwon Land Incorporated | | | | | | | 23,150 | | | | 473,355 | |
Kappa Create Company Limited | | | | | | | 2,100 | | | | 46,992 | |
Kentucky Fried Chicken (Japan) Limited | | | | | | | 2,100 | | | | 55,118 | |
KFC Holdings Malaysia Berhad | | | | | | | 22,464 | | | | 27,464 | |
Kisoji Company Limited | | | | | | | 3,500 | | | | 73,894 | |
Kuoni Reisen Holding AG | | | | | | | 214 | | | | 53,214 | |
Ladbrokers plc | | | | | | | 95,658 | | | | 257,758 | |
Las Vegas Sands Corporation | | | | | | | 82,355 | | | | 3,491,028 | |
Life Time Fitness Incorporated † | | | | | | | 73,005 | | | | 3,466,277 | |
Lottomatica SpA | | | | | | | 2,688 | | | | 55,989 | |
Marriott International Incorporated Class A « | | | | | | | 60,600 | | | | 2,283,408 | |
Marriott Vacations Worldwide Corporation † | | | | | | | 55,460 | | | | 1,781,375 | |
Marston’s plc | | | | | | | 27,687 | | | | 48,887 | |
McDonald’s Corporation | | | | | | | 127,314 | | | | 11,393,330 | |
McDonald’s Holdings Company (Japan) Limited | | | | | | | 12,400 | | | | 351,593 | |
Melco International Development Limited | | | | | | | 84,000 | | | | 68,015 | |
MGM China Holdings Limited | | | | | | | 177,200 | | | | 291,984 | |
MGM Resorts International Ǡ | | | | | | | 246,500 | | | | 2,430,490 | |
| | | | |
| 6 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Hotels, Restaurants & Leisure (continued) | | | | | | | | | | | | |
Millennium & Copthorne Hotels plc | | | | | | | 18,690 | | | $ | 142,538 | |
Minor International PCL ADR | | | | | | | 105,270 | | | | 49,385 | |
Mitchells & Butlers plc † | | | | | | | 19,207 | | | | 82,039 | |
MOS Food Services Incorporated | | | | | | | 4,500 | | | | 90,466 | |
Ohsho Food Service Corporation | | | | | | | 1,600 | | | | 40,667 | |
Opap SA | | | | | | | 18,417 | | | | 128,334 | |
Orbis SA | | | | | | | 2,450 | | | | 26,095 | |
Orient Express Hotels Limited Class A Ǡ | | | | | | | 191,363 | | | | 1,682,081 | |
Oriental Land Company Limited | | | | | | | 10,300 | | | | 1,389,207 | |
Paddy Power plc | | | | | | | 4,093 | | | | 289,327 | |
Panera Bread Company † | | | | | | | 21,649 | | | | 3,353,430 | |
Papa John’s International Incorporated † | | | | | | | 33,000 | | | | 1,699,170 | |
PartyGaming plc | | | | | | | 58,620 | | | | 87,588 | |
Penn National Gaming Incorporated Ǡ | | | | | | | 49,300 | | | | 1,936,997 | |
Pinnacle Entertainment Incorporated Ǡ | | | | | | | 136,204 | | | | 1,507,778 | |
Plenus Company Limited | | | | | | | 2,000 | | | | 35,277 | |
Punch Taverns plc † | | | | | | | 32,370 | | | | 3,495 | |
Resorts World Berhad | | | | | | | 621,815 | | | | 702,515 | |
RESORTTRUST Incorporated | | | | | | | 5,780 | | | | 108,668 | |
Restaurant Group plc | | | | | | | 15,681 | | | | 82,043 | |
Rexcapital Financial Holdings Limited | | | | | | | 625,000 | | | | 44,321 | |
Round One Corporation | | | | | | | 8,500 | | | | 41,363 | |
Royal Caribbean Cruises Limited « | | | | | | | 95,700 | | | | 2,585,814 | |
Royal Holdings Company Limited | | | | | | | 5,300 | | | | 63,496 | |
Saizeriya Company Limited | | | | | | | 4,700 | | | | 72,095 | |
Sands China Limited | | | | | | | 419,923 | | | | 1,483,492 | |
Scientific Games Corporation Class A † | | | | | | | 121,700 | | | | 892,061 | |
Shangri-La Asia Limited | | | | | | | 274,166 | | | | 513,269 | |
Six Flags Entertainment Corporation « | | | | | | | 100,500 | | | | 5,550,615 | |
SJM Holdings Limited | | | | | | | 305,000 | | | | 642,565 | |
Sky City Entertainment Group Limited | | | | | | | 108,949 | | | | 331,737 | |
Sodexho Alliance SA | | | | | | | 8,557 | | | | 676,669 | |
Spirit Pub Company plc | | | | | | | 32,370 | | | | 28,655 | |
St. Marc Holdings Company Limited | | | | | | | 1,200 | | | | 44,432 | |
Starwood Hotels & Resorts Worldwide Incorporated | | | | | | | 156,400 | | | | 8,622,332 | |
Tabcorp Holdings Limited | | | | | | | 128,196 | | | | 386,741 | |
Tattersall’s Limited | | | | | | | 239,306 | | | | 672,490 | |
Thomas Cook Group plc | | | | | | | 84,009 | | | | 21,676 | |
Tim Hortons Incorporated | | | | | | | 14,344 | | | | 724,658 | |
Tokyo Dome Corporation † | | | | | | | 28,000 | | | | 86,544 | |
Tokyotokeiba Company Limited | | | | | | | 12,000 | | | | 16,859 | |
Transat A.T. Incorporated Class A † | | | | | | | 1,458 | | | | 5,680 | |
TUI AG † | | | | | | | 6,630 | | | | 51,887 | |
TUI Travel plc | | | | | | | 61,222 | | | | 205,797 | |
Vail Resorts Incorporated « | | | | | | | 65,220 | | | | 3,362,091 | |
Watami Food Service Company | | | | | | | 3,900 | | | | 86,971 | |
Wendy’s Company | | | | | | | 677,708 | | | | 2,893,813 | |
Wetherspoon (J.D.) plc | | | | | | | 2,154 | | | | 15,319 | |
Whitbread plc | | | | | | | 19,518 | | | | 660,123 | |
William Hill plc | | | | | | | 55,680 | | | | 265,500 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 7 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Hotels, Restaurants & Leisure (continued) | | | | | | | | | | | | |
Wyndham Worldwide Corporation « | | | | | | | 97,483 | | | $ | 5,082,764 | |
Wynn Macau Limited | | | | | | | 230,400 | | | | 528,771 | |
Wynn Resorts Limited | | | | | | | 18,237 | | | | 1,881,511 | |
Yoshinoya D&C Company Limited « | | | | | | | 118 | | | | 153,123 | |
Zensho Company Limited « | | | | | | | 11,700 | | | | 150,929 | |
| | | | |
| | | | | | | | | | | 134,068,606 | |
| | | | | | | | | | | | |
| | | | |
| Household Durables: 0.88% | | | | | | | | | | | | |
Alpine Electronics Incorporated | | | | | | | 3,700 | | | | 35,774 | |
Arcelik AS | | | | | | | 78,008 | | | | 431,377 | |
Arnest One Corporation | | | | | | | 3,700 | | | | 54,346 | |
Barratt Developments plc † | | | | | | | 67,471 | | | | 160,701 | |
Bellway plc | | | | | | | 9,497 | | | | 131,044 | |
Berkeley Group Holdings plc † | | | | | | | 11,306 | | | | 259,230 | |
Bovis Homes Group plc | | | | | | | 9,917 | | | | 74,513 | |
Casio Computer Company Limited « | | | | | | | 51,600 | | | | 373,679 | |
Chofu Seisakusho Company Limited | | | | | | | 3,500 | | | | 79,124 | |
Cleanup Corporation | | | | | | | 5,200 | | | | 36,196 | |
Corona Corporation | | | | | | | 2,000 | | | | 26,209 | |
Dorel Industries Incorporated Class B | | | | | | | 1,167 | | | | 38,772 | |
DR Horton Incorporated « | | | | | | | 184,731 | | | | 3,508,042 | |
Ekornes ASA | | | | | | | 800 | | | | 11,734 | |
Electrolux AB Class B | | | | | | | 25,871 | | | | 626,636 | |
Foster Electric Company Limited | | | | | | | 2,400 | | | | 38,378 | |
France Bed Holdings Company Limited | | | | | | | 27,000 | | | | 58,624 | |
Funai Electric Company Limited | | | | | | | 2,100 | | | | 27,492 | |
Garmin Limited « | | | | | | | 84,700 | | | | 3,417,645 | |
GUD Holdings Limited | | | | | | | 7,598 | | | | 67,038 | |
Haier Electronics Group Company † | | | | | | | 170,000 | | | | 200,117 | |
Harman International Industries Incorporated | | | | | | | 132,070 | | | | 6,079,182 | |
Haseko Corporation † | | | | | | | 225,000 | | | | 140,814 | |
Hitachi Koki Company Limited | | | | | | | 5,000 | | | | 37,103 | |
Husqvarna AB A Shares | | | | | | | 1 | | | | 5 | |
Husqvarna AB B Shares | | | | | | | 37,065 | | | | 177,707 | |
JM AB « | | | | | | | 8,886 | | | | 152,635 | |
JVC Kenwood Holdings Incorporated | | | | | | | 13,400 | | | | 47,237 | |
Leggett & Platt Incorporated | | | | | | | 95,119 | | | | 2,258,125 | |
Lennar Corporation Class A « | | | | | | | 109,000 | | | | 3,534,870 | |
LG Electronics Incorporated | | | | | | | 20,376 | | | | 1,264,268 | |
M.D.C. Holdings Incorporated | | | | | | | 80,100 | | | | 2,777,868 | |
Matsunichi Communication Holdings Limited † | | | | | | | 326,000 | | | | 188,725 | |
Matsushita Electric Industrial Company Limited | | | | | | | 400,210 | | | | 2,719,353 | |
Mohawk Industries Incorporated † | | | | | | | 43,500 | | | | 3,134,175 | |
Newell Rubbermaid Incorporated | | | | | | | 202,519 | | | | 3,631,166 | |
Nexity SA | | | | | | | 1,566 | | | | 38,291 | |
Nobia AB † | | | | | | | 5,775 | | | | 20,058 | |
NVR Incorporated † | | | | | | | 3,834 | | | | 3,175,242 | |
Panahome Corporation | | | | | | | 18,000 | | | | 103,225 | |
Peace Mark Holdings Limited †(a) | | | | | | | 10,000 | | | | 0 | |
| | | | |
| 8 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Household Durables (continued) | | | | | | | | | | | | |
Persimmon plc | | | | | | | 31,295 | | | $ | 346,849 | |
Pioneer Corporation †« | | | | | | | 38,600 | | | | 102,052 | |
Redrow plc † | | | | | | | 3,458 | | | | 8,516 | |
Rinnai Corporation | | | | | | | 7,000 | | | | 509,611 | |
Ryland Group Incorporated « | | | | | | | 96,700 | | | | 2,592,527 | |
Sangetsu Company Limited | | | | | | | 5,200 | | | | 134,823 | |
SEB SA | | | | | | | 3,036 | | | | 211,517 | |
Sekisui Chemical Company Limited | | | | | | | 94,000 | | | | 768,376 | |
Sekisui House Limited | | | | | | | 107,000 | | | | 1,001,737 | |
Sharp Corporation « | | | | | | | 179,000 | | | | 452,673 | |
Skyworth Digital Technology Company Limited | | | | | | | 237,413 | | | | 97,035 | |
Sony Corporation | | | | | | | 172,094 | | | | 1,936,456 | |
Stanley Black & Decker Incorporated | | | | | | | 134,188 | | | | 8,826,887 | |
Steinhoff International Holdings Limited « | | | | | | | 238,202 | | | | 744,682 | |
Sumitomo Foresting | | | | | | | 31,600 | | | | 261,938 | |
Takamatsu Corporation | | | | | | | 900 | | | | 17,128 | |
Tatung Company Limited † | | | | | | | 394,770 | | | | 80,665 | |
Taylor Woodrow plc | | | | | | | 300,372 | | | | 244,435 | |
Technicolor † | | | | | | | 5,241 | | | | 13,105 | |
Techtronic Industries Company | | | | | | | 164,500 | | | | 249,848 | |
Tempur-Pedic International Incorporated Ǡ | | | | | | | 46,400 | | | | 1,449,536 | |
TOA Corporation | | | | | | | 1,000 | | | | 7,357 | |
Tomtom NV † | | | | | | | 4,700 | | | | 20,632 | |
Turk Sise Ve Cam Fabrikalari AS | | | | | | | 74,196 | | | | 108,896 | |
Videocon Industries Limited | | | | | | | 16,162 | | | | 51,065 | |
Vodone Limited | | | | | | | 587,400 | | | | 49,228 | |
Welling Holding Limited | | | | | | | 102,800 | | | | 13,917 | |
Whirlpool Corporation | | | | | | | 51,200 | | | | 3,863,552 | |
Woongjin Coway Company Limited | | | | | | | 11,040 | | | | 381,906 | |
| | | | |
| | | | | | | | | | | 63,683,669 | |
| | | | | | | | | | | | |
| | | | |
| Internet & Catalog Retail: 0.67% | | | | | | | | | | | | |
Amazon.com Incorporated † | | | | | | | 73,327 | | | | 18,201,961 | |
Askul Corporation | | | | | | | 2,300 | | | | 30,140 | |
ASOS plc † | | | | | | | 7,672 | | | | 222,930 | |
Belluna Company Limited | | | | | | | 3,000 | | | | 24,791 | |
CDON Group † | | | | | | | 4,115 | | | | 23,240 | |
CJ O Shopping Company Limited | | | | | | | 949 | | | | 181,499 | |
Dena Company Limited « | | | | | | | 18,600 | | | | 517,887 | |
Expedia Incorporated « | | | | | | | 66,700 | | | | 3,425,712 | |
Home Retail Group « | | | | | | | 62,866 | | | | 93,683 | |
HSN Incorporated | | | | | | | 73,487 | | | | 3,309,120 | |
Hyundai Home Shopping Network | | | | | | | 1,833 | | | | 185,784 | |
Liberty Interactive Corporation Series A | | | | | | | 389,087 | | | | 7,096,947 | |
Liberty Ventures Series A † | | | | | | | 18,964 | | | | 872,154 | |
N Brown Group plc | | | | | | | 13,911 | | | | 59,131 | |
Netflix Incorporated Ǡ | | | | | | | 42,326 | | | | 2,527,709 | |
Nissen Company Limited | | | | | | | 2,200 | | | | 8,795 | |
Priceline.com Incorporated † | | | | | | | 10,396 | | | | 6,285,110 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 9 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Internet & Catalog Retail (continued) | | | | | | | | | | | | |
Rakuten Incorporated | | | | | | | 126,700 | | | $ | 1,223,388 | |
Senshukai Company Limited | | | | | | | 1,800 | | | | 11,380 | |
Shutterfly Incorporated Ǡ | | | | | | | 60,000 | | | | 1,785,000 | |
Start Today Company Limited « | | | | | | | 12,500 | | | | 181,685 | |
TripAdvisor Incorporated Ǡ | | | | | | | 66,700 | | | | 2,230,448 | |
Wotif.com Holdings Limited « | | | | | | | 18,653 | | | | 83,059 | |
| | | | |
| | | | | | | | | | | 48,581,553 | |
| | | | | | | | | | | | |
| | | | |
| Leisure Equipment & Products: 0.35% | | | | | | | | | | | | |
Altek Corporation | | | | | | | 88,623 | | | | 47,491 | |
Amer Sports Oyj | | | | | | | 13,925 | | | | 169,456 | |
Aruze Corporation | | | | | | | 4,400 | | | | 93,344 | |
Asia Optical Company Incorporated † | | | | | | | 14,239 | | | | 14,452 | |
Beneteau SA | | | | | | | 1,319 | | | | 14,201 | |
Brunswick Corporation « | | | | | | | 193,100 | | | | 4,574,539 | |
Fields Corporation | | | | | | | 7 | | | | 10,764 | |
Giant Manufacturing Company Limited | | | | | | | 62,687 | | | | 316,041 | |
Hasbro Incorporated « | | | | | | | 81,421 | | | | 3,054,102 | |
Heiwa Corporation | | | | | | | 9,000 | | | | 157,366 | |
Mars Engineering Corporation | | | | | | | 600 | | | | 14,369 | |
Mattel Incorporated « | | | | | | | 230,095 | | | | 8,085,538 | |
Mizuno Corporation | | | | | | | 17,000 | | | | 82,943 | |
Namco Bandai Holdings Incorporated | | | | | | | 41,200 | | | | 652,507 | |
Nikon Corporation | | | | | | | 64,900 | | | | 1,783,828 | |
Polaris Industries Incorporated « | | | | | | | 49,556 | | | | 3,726,116 | |
Roland Corporation | | | | | | | 800 | | | | 5,977 | |
Sankyo Company Limited | | | | | | | 10,300 | | | | 475,567 | |
Sega Sammy Holdings Incorporated | | | | | | | 38,000 | | | | 784,801 | |
Shimano Incorporated | | | | | | | 14,400 | | | | 1,037,308 | |
Tamron Company Limited | | | | | | | 2,700 | | | | 89,454 | |
Tomy Company Limited | | | | | | | 14,100 | | | | 80,139 | |
Yamaha Corporation | | | | | | | 28,000 | | | | 281,091 | |
Young Optics Incorporated | | | | | | | 14,000 | | | | 41,134 | |
| | | | |
| | | | | | | | | | | 25,592,528 | |
| | | | | | | | | | | | |
| | | | |
| Media: 2.47% | | | | | | | | | | | | |
Aegis Group plc | | | | | | | 87,857 | | | | 331,322 | |
Agora SA | | | | | | | 5,097 | | | | 10,611 | |
Aimia Incorporated | | | | | | | 12,821 | | | | 188,592 | |
Amalgamated Holdings Limited | | | | | | | 15,058 | | | | 102,366 | |
AMC Networks Incorporated A † | | | | | | | 92,485 | | | | 3,638,360 | |
Antena 3 de Television SA | | | | | | | 1,425 | | | | 6,130 | |
APN News & Media Limited | | | | | | | 43,393 | | | | 12,777 | |
Arnoldo Mondadori Editore SpA † | | | | | | | 1,753 | | | | 2,425 | |
Asatsu-DK Incorporated | | | | | | | 5,100 | | | | 130,993 | |
Astral Media Incorporated | | | | | | | 3,649 | | | | 175,278 | |
Avex Group Holdings Incorporated | | | | | | | 4,600 | | | | 82,547 | |
Axel Springer AG | | | | | | | 4,131 | | | | 187,938 | |
BEC World PCL | | | | | | | 121,700 | | | | 201,959 | |
| | | | |
| 10 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Media (continued) | | | | | | | | | | | | |
British Sky Broadcasting plc | | | | | | | 100,988 | | | $ | 1,220,293 | |
Cablevision Systems Corporation | | | | | | | 155,600 | | | | 2,326,220 | |
Carsales.com Limited « | | | | | | | 34,330 | | | | 258,207 | |
CBS Corporation Class B | | | | | | | 74,524 | | | | 2,708,202 | |
Charter Communication Incorporated † | | | | | | | 29,773 | | | | 2,316,339 | |
Cheil Worldwide Incorporated | | | | | | | 14,790 | | | | 263,962 | |
Cinemark Holdings Incorporated | | | | | | | 71,400 | | | | 1,672,188 | |
Cineplex Incorporated « | | | | | | | 8,140 | | | | 245,666 | |
CJ E&M Corporation † | | | | | | | 6,785 | | | | 171,625 | |
Cogeco Cable Incorporated | | | | | | | 1,258 | | | | 46,798 | |
Comcast Corporation Class A | | | | | | | 257,300 | | | | 8,627,269 | |
Comcast Corporation Special Class A | | | | | | | 71,000 | | | | 2,333,770 | |
Corus Entertainment Incorporated Class B « | | | | | | | 12,391 | | | | 290,998 | |
CyberAgent Incorporated | | | | | | | 63 | | | | 128,502 | |
Cyfrowy Polsat SA † | | | | | | | 25,219 | | | | 104,702 | |
Daiichikosho Company Limited | | | | | | | 6,800 | | | | 155,984 | |
Daily Mail & General Trust plc | | | | | | | 23,399 | | | | 178,154 | |
Dentsu Incorporated | | | | | | | 36,800 | | | | 934,394 | |
DIRECTV † | | | | | | | 134,811 | | | | 7,022,305 | |
Discovery Communications Incorporated Class A Ǡ | | | | | | | 112,102 | | | | 6,147,674 | |
Discovery Communications Incorporated Class C † | | | | | | | 3,073 | | | | 159,212 | |
DISH Network Corporation | | | | | | | 139,800 | | | | 4,472,202 | |
Dreamworks Animation SKG Incorporated Class A Ǡ | | | | | | | 151,700 | | | | 2,574,349 | |
Eniro AB † | | | | | | | 5,208 | | | | 7,432 | |
eSun Holdings Limited † | | | | | | | 3,000 | | | | 356 | |
Eutelsat Communications | | | | | | | 12,030 | | | | 369,810 | |
Fairfax Media Limited « | | | | | | | 282,762 | | | | 122,697 | |
Focus Media Holding Limited « | | | | | | | 13,664 | | | | 328,619 | |
Fuji Television Network Incorporated | | | | | | | 61 | | | | 94,895 | |
Gannett Company Incorporated | | | | | | | 159,918 | | | | 2,440,349 | |
Gestevision Telecinco SA | | | | | | | 9,624 | | | | 52,899 | |
GFK SE | | | | | | | 2,287 | | | | 101,112 | |
Grupo Televisa SA | | | | | | | 637,802 | | | | 2,917,587 | |
Hakuhodo DY Holdings Incorporated | | | | | | | 5,620 | | | | 368,230 | |
Havas SA « | | | | | | | 33,703 | | | | 171,050 | |
Hot Telecommunication System Limited | | | | | | | 1,205 | | | | 11,407 | |
Informa plc | | | | | | | 60,450 | | | | 390,469 | |
Interpublic Group of Companies Incorporated | | | | | | | 293,483 | | | | 3,122,659 | |
Ipsos | | | | | | | 1,688 | | | | 50,298 | |
ITV plc | | | | | | | 282,936 | | | | 374,234 | |
JC Decaux SA | | | | | | | 5,375 | | | | 122,639 | |
John Wiley & Sons Incorporated | | | | | | | 93,749 | | | | 4,625,576 | |
Jupiter Telecommunications Company Limited | | | | | | | 363 | | | | 370,441 | |
Kabel Deutschland Holding AG † | | | | | | | 8,320 | | | | 551,500 | |
Kadokawa Group Holdings Incorporated « | | | | | | | 3,300 | | | | 90,535 | |
Lagardere SCA | | | | | | | 10,820 | | | | 304,102 | |
Lamar Advertising Company Ǡ | | | | | | | 109,738 | | | | 3,634,523 | |
Liberty Global Incorporated Series A † | | | | | | | 105,948 | | | | 5,855,746 | |
Liberty Global Incorporated Series C † | | | | | | | 92,851 | | | | 4,845,894 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 11 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Media (continued) | | | | | | | | | | | | |
Liberty Media Corporation † | | | | | | | 92,626 | | | $ | 9,659,039 | |
Live Nation Incorporated Ǡ | | | | | | | 347,355 | | | | 2,959,465 | |
M3 Incorporated | | | | | | | 34 | | | | 179,999 | |
M6 Metropole Television | | | | | | | 2,718 | | | | 41,195 | |
Madison Square Garden Incorporated Class A † | | | | | | | 113,500 | | | | 4,790,835 | |
McGraw-Hill Companies Incorporated | | | | | | | 35,900 | | | | 1,838,080 | |
Media Nusantara Citra TBK PT | | | | | | | 800,000 | | | | 178,291 | |
Mediaset SpA | | | | | | | 43,712 | | | | 87,640 | |
Meredith Corporation « | | | | | | | 79,700 | | | | 2,595,032 | |
Modern Times Group B Shares | | | | | | | 4,115 | | | | 187,972 | |
Morningstar Incorporated | | | | | | | 19,104 | | | | 1,134,969 | |
Naspers Limited | | | | | | | 86,321 | | | | 5,023,321 | |
New York Times Company Class A Ǡ | | | | | | | 270,768 | | | | 2,488,358 | |
News Corporation Class A | | | | | | | 211,804 | | | | 4,954,096 | |
News Corporation Class B | | | | | | | 50,518 | | | | 1,189,699 | |
Nielsen Holdings NV † | | | | | | | 52,081 | | | | 1,460,351 | |
Nippon Television Network Corporation | | | | | | | 740 | | | | 102,170 | |
Omnicom Group Incorporated | | | | | | | 34,300 | | | | 1,761,991 | |
PagesJaunes SA † | | | | | | | 5,117 | | | | 9,146 | |
Pearson plc | | | | | | | 84,264 | | | | 1,598,894 | |
Premiere AG † | | | | | | | 48,593 | | | | 168,936 | |
PT Multimedia Servicos de Telecomunicacoes e Multimedia SGPS SA | | | | | | | 7,553 | | | | 21,090 | |
Publicis Groupe | | | | | | | 13,759 | | | | 714,135 | |
Publishing & Broadcasting Limited | | | | | | | 41,433 | | | | 147,682 | |
Quebecor Incorporated | | | | | | | 3,441 | | | | 123,223 | |
REA Group Limited | | | | | | | 14,191 | | | | 230,184 | |
Reed Elsevier NV-Netherlands | | | | | | | 63,540 | | | | 829,576 | |
Reed Elsevier plc-United Kingdom | | | | | | | 118,539 | | | | 1,111,453 | |
Regal Entertainment Group Class A « | | | | | | | 174,493 | | | | 2,425,453 | |
Rightmove plc | | | | | | | 11,307 | | | | 288,698 | |
RTL Group | | | | | | | 1,962 | | | | 178,126 | |
Sanoma Oyj « | | | | | | | 4,610 | | | | 41,749 | |
Schibsted ASA | | | | | | | 8,244 | | | | 294,746 | |
Scholastic Corporation « | | | | | | | 49,100 | | | | 1,500,005 | |
Scripps Networks Interactive Incorporated | | | | | | | 66,064 | | | | 3,904,382 | |
Seat Pagine Gialle SpA † | | | | | | | 259 | | | | 4 | |
SES SA | | | | | | | 26,852 | | | | 691,025 | |
Shaw Communications Incorporated Class B « | | | | | | | 37,500 | | | | 766,929 | |
Shochiku Company Limited « | | | | | | | 24,000 | | | | 233,578 | |
Singapore Press Holdings Limited | | | | | | | 289,000 | | | | 920,441 | |
SKY Network Television Limited | | | | | | | 30,911 | | | | 125,660 | |
Sky Perfect JSAT Holdings Incorporated | | | | | | | 468 | | | | 209,209 | |
Societe Television Francaise 1 | | | | | | | 10,997 | | | | 102,772 | |
Star Publications Limited | | | | | | | 33,600 | | | | 34,842 | |
Sun TV Network Limited | | | | | | | 10,107 | | | | 52,802 | |
Television Broadcasts Limited | | | | | | | 55,000 | | | | 397,114 | |
Ten Network Holdings Limited | | | | | | | 143,133 | | | | 56,933 | |
Thomson Corporation « | | | | | | | 34,752 | | | | 986,417 | |
Time Warner Cable Incorporated | | | | | | | 38,824 | | | | 3,448,348 | |
| | | | |
| 12 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Media (continued) | | | | | | | | | | | | |
Time Warner Incorporated | | | | | | | 116,679 | | | $ | 4,848,012 | |
Toei Company Limited | | | | | | | 16,000 | | | | 77,042 | |
Toho Company Limited Tokyo | | | | | | | 23,900 | | | | 415,453 | |
Tokyo Broadcasting System Incorporated | | | | | | | 5,700 | | | | 58,532 | |
Torstar Corporation | | | | | | | 11,855 | | | | 103,667 | |
TV Asahi Corporation | | | | | | | 9 | | | | 12,599 | |
TVN SA | | | | | | | 16,466 | | | | 34,827 | |
United Business Media Limited | | | | | | | 19,504 | | | | 208,734 | |
Valassis Communications Incorporated Ǡ | | | | | | | 92,100 | | | | 2,308,947 | |
Viacom Incorporated Class B | | | | | | | 64,863 | | | | 3,243,799 | |
Virgin Media Incorporated « | | | | | | | 219,800 | | | | 6,059,886 | |
Vivendi SA | | | | | | | 129,379 | | | | 2,537,006 | |
Vodacom Group Proprietary Limited | | | | | | | 65,579 | | | | 834,897 | |
Walt Disney Company | | | | | | | 208,508 | | | | 10,314,891 | |
Washington Post Company Class B « | | | | | | | 3,400 | | | | 1,198,500 | |
West Australian Newspapers Holding Limited | | | | | | | 144,989 | | | | 219,450 | |
Wolters Kluwer NV | | | | | | | 33,251 | | | | 598,070 | |
WPP plc | | | | | | | 130,482 | | | | 1,688,566 | |
Yell Group plc † | | | | | | | 98,003 | | | | 1,867 | |
Yellow Media Incorporated | | | | | | | 45,019 | | | | 2,740 | |
Zee Entertainment Enterprises Limited | | | | | | | 102,539 | | | | 301,303 | |
Zenrin Company Limited | | | | | | | 5,000 | | | | 56,389 | |
| | | | |
| | | | | | | | | | | 178,126,604 | |
| | | | | | | | | | | | |
| | | | |
| Multiline Retail: 0.71% | | | | | | | | | | | | |
Aeon Company (m) Berhad | | | | | | | 41,400 | | | | 137,271 | |
Big Lots Incorporated Ǡ | | | | | | | 120,337 | | | | 3,663,058 | |
Canadian Tire Corporation Limited | | | | | | | 7,500 | | | | 542,252 | |
David Jones Limited « | | | | | | | 79,219 | | | | 198,065 | |
Debenhams plc | | | | | | | 147,783 | | | | 226,444 | |
Dollar General Corporation † | | | | | | | 46,000 | | | | 2,349,220 | |
Dollar Tree Incorporated † | | | | | | | 182,784 | | | | 8,804,705 | |
Dollarama Incorporated | | | | | | | 4,058 | | | | 244,118 | |
Don Quijote Company Limited | | | | | | | 9,000 | | | | 327,722 | |
Far Eastern Department Stores Company Limited | | | | | | | 176,647 | | | | 173,692 | |
Foschini Limited | | | | | | | 33,458 | | | | 537,526 | |
Fuji Company Limited | | | | | | | 3,300 | | | | 74,645 | |
Golden Eagle Retail Group Limited | | | | | | | 71,000 | | | | 130,174 | |
H2O Retailing Corporation | | | | | | | 28,000 | | | | 295,396 | |
Harvey Norman Holdings Limited « | | | | | | | 97,512 | | | | 206,526 | |
Hyundai Department Store Company Limited | | | | | | | 3,673 | | | | 461,300 | |
Intime Department Store Group Company Limited | | | | | | | 238,500 | | | | 245,082 | |
Isetan Mitsukoshi Holdings Limited | | | | | | | 70,000 | | | | 729,549 | |
Izumi Company Limited | | | | | | | 13,100 | | | | 253,316 | |
J. Front Retailing Company Limited | | | | | | | 86,800 | | | | 433,473 | |
JCPenney Company Incorporated « | | | | | | | 102,900 | | | | 2,683,632 | |
Kohl’s Corporation | | | | | | | 28,900 | | | | 1,508,580 | |
Lifestyle International Holdings Limited | | | | | | | 119,500 | | | | 261,312 | |
Lotte Shopping Company Limited | | | | | | | 2,202 | | | | 620,063 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 13 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Multiline Retail (continued) | | | | | | | | | | | | |
Macy’s Incorporated | | | | | | | 56,912 | | | $ | 2,294,123 | |
Marks & Spencer Group plc | | | | | | | 149,257 | | | | 847,978 | |
Marui Company Limited | | | | | | | 48,100 | | | | 352,019 | |
Matsuya Company Limited † | | | | | | | 4,900 | | | | 47,877 | |
Metro Holdings Limited | | | | | | | 163,200 | | | | 100,813 | |
Myer Holdings Limited | | | | | | | 86,996 | | | | 178,861 | |
New World Department Store China Limited | | | | | | | 150,000 | | | | 81,421 | |
Next plc | | | | | | | 17,446 | | | | 990,334 | |
Nordstrom Incorporated | | | | | | | 107,700 | | | | 6,228,291 | |
Pantaloon Retail India Limited | | | | | | | 16,821 | | | | 41,898 | |
Parco Company Limited « | | | | | | | 3,000 | | | | 32,952 | |
Parkson Holdings Berhad | | | | | | | 118,700 | | | | 177,794 | |
Parkson Retail Group Limited | | | | | | | 171,000 | | | | 138,900 | |
PCD Stores Limited | | | | | | | 556,000 | | | | 37,994 | |
Pinault-Printempts-Redoute SA | | | | | | | 6,883 | | | | 1,075,254 | |
Robinson Department Store PCL | | | | | | | 188,400 | | | | 371,269 | |
Ryohin Keikaku Company Limited « | | | | | | | 3,600 | | | | 221,393 | |
SACI Falabella | | | | | | | 251,578 | | | | 2,283,882 | |
Saks Incorporated Ǡ | | | | | | | 234,292 | | | | 2,752,931 | |
Sears Canada Incorporated † | | | | | | | 655 | | | | 6,784 | |
Sears Holdings Corporation « | | | | | | | 35,301 | | | | 1,862,128 | |
Stockmann Oyj ABP | | | | | | | 1,375 | | | | 25,752 | |
Takashimaya Company Limited | | | | | | | 49,000 | | | | 349,844 | |
Target Corporation | | | | | | | 73,800 | | | | 4,729,842 | |
The Daiei Incorporated † | | | | | | | 2,400 | | | | 5,303 | |
Warehouse Group Limited | | | | | | | 10,254 | | | | 23,067 | |
Woolworths Holdings Limited | | | | | | | 127,789 | | | | 912,453 | |
| | | | |
| | | | | | | | | | | 51,278,278 | |
| | | | | | | | | | | | |
| | | | |
| Specialty Retail: 2.02% | | | | | | | | | | | | |
ABC-Mart Incorporated | | | | | | | 4,200 | | | | 175,682 | |
Abercrombie & Fitch Company Class A « | | | | | | | 64,900 | | | | 2,335,751 | |
Advance Auto Parts Incorporated | | | | | | | 55,996 | | | | 3,982,436 | |
Aeropostale Incorporated † | | | | | | | 171,700 | | | | 2,391,781 | |
Alpen Company Limited | | | | | | | 700 | | | | 13,482 | |
American Eagle Outfitters Incorporated | | | | | | | 130,202 | | | | 2,895,692 | |
Ann Incorporated † | | | | | | | 106,576 | | | | 3,791,974 | |
AOKI Holdings Incorporated | | | | | | | 3,300 | | | | 70,135 | |
Aoyama Trading Company Limited | | | | | | | 9,000 | | | | 176,678 | |
Autobacs Seven Company Limited | | | | | | | 5,500 | | | | 259,212 | |
AutoNation Incorporated Ǡ | | | | | | | 23,379 | | | | 939,836 | |
AutoZone Incorporated † | | | | | | | 6,200 | | | | 2,242,168 | |
Bed Bath & Beyond Incorporated † | | | | | | | 51,200 | | | | 3,439,104 | |
Belle International Holdings Limited | | | | | | | 963,000 | | | | 1,738,278 | |
Best Buy Company Incorporated « | | | | | | | 189,700 | | | | 3,365,278 | |
Best Denki Company Limited † | | | | | | | 8,000 | | | | 13,590 | |
Carpetright plc † | | | | | | | 2,534 | | | | 27,039 | |
Carphone Warehouse Group plc | | | | | | | 20,849 | | | | 48,002 | |
Cato Corporation | | | | | | | 58,137 | | | | 1,707,484 | |
| | | | |
| 14 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Specialty Retail (continued) | | | | | | | | | | | | |
Chico’s FAS Incorporated | | | | | | | 363,195 | | | $ | 6,878,913 | |
Children’s Place Retail Stores Incorporated † | | | | | | | 43,998 | | | | 2,505,246 | |
Chiyoda Company Limited | | | | | | | 8,400 | | | | 215,002 | |
Chow Sang Sang Holdings International Limited | | | | | | | 56,000 | | | | 113,214 | |
Chow Tai Fook Jewellery Group | | | | | | | 230,800 | | | | 276,152 | |
Cocokara Fine Incorporated | | | | | | | 7,400 | | | | 255,283 | |
Collective Brands Incorporated Ǡ | | | | | | | 136,300 | | | | 2,949,532 | |
DCM Japan Holdings Company Limited | | | | | | | 27,000 | | | | 177,598 | |
Dick’s Sporting Goods Incorporated | | | | | | | 72,907 | | | | 3,627,852 | |
Dickson Concepts International Limited | | | | | | | 36,000 | | | | 19,031 | |
Douglas Holding AG | | | | | | | 1,280 | | | | 57,798 | |
DSG International plc † | | | | | | | 172,361 | | | | 48,031 | |
Dufry Group REG † | | | | | | | 2,183 | | | | 266,615 | |
Edion Corporation « | | | | | | | 14,400 | | | | 63,268 | |
Esprit Holdings Limited | | | | | | | 195,237 | | | | 298,546 | |
Express Incorporated † | | | | | | | 160,700 | | | | 2,508,527 | |
Fast Retailing Company Limited | | | | | | | 13,500 | | | | 3,150,201 | |
Fielmann AG | | | | | | | 776 | | | | 70,520 | |
Foot Locker Incorporated | | | | | | | 106,935 | | | | 3,696,743 | |
Fourlis Holdings SA † | | | | | | | 1,820 | | | | 2,058 | |
Game Group plc (a) | | | | | | | 12,093 | | | | 0 | |
Gamestop Corporation Class A « | | | | | | | 93,700 | | | | 1,787,796 | |
Gap Incorporated | | | | | | | 49,000 | | | | 1,755,180 | |
Genesco Incorporated † | | | | | | | 44,000 | | | | 3,108,600 | |
GEO Company Limited | | | | | | | 102 | | | | 120,245 | |
Giordano International Limited | | | | | | | 338,000 | | | | 261,041 | |
GOME Electrical Appliances Holding Limited | | | | | | | 2,195,000 | | | | 189,616 | |
Grupo Elektra SA de CV | | | | | | | 16,244 | | | | 650,803 | |
Guess? Incorporated « | | | | | | | 41,900 | | | | 1,091,914 | |
Gulliver International Company Limited | | | | | | | 560 | | | | 16,808 | |
Halfords Group | | | | | | | 10,381 | | | | 38,670 | |
Hengdeli Holdings Limited « | | | | | | | 360,000 | | | | 94,689 | |
Hennes & Mauritz AB Class B | | | | | | | 92,590 | | | | 3,350,029 | |
Hikari Tsushin Incorporated | | | | | | | 5,300 | | | | 265,355 | |
HMV Group plc † | | | | | | | 6,422 | | | | 338 | |
Home Depot Incorporated | | | | | | | 193,130 | | | | 10,960,128 | |
Hotai Motor Company Limited | | | | | | | 100,000 | | | | 721,178 | |
Industria de Diseno Textil SA | | | | | | | 21,730 | | | | 2,416,421 | |
IT City Public Company Limited | | | | | | | 172,900 | | | | 40,280 | |
JB Hi-Fi Limited « | | | | | | | 13,916 | | | | 131,265 | |
Joshin Denki Company Limited | | | | | | | 5,000 | | | | 57,028 | |
Jumbo SA | | | | | | | 3,484 | | | | 15,557 | |
K’s Holdings Corporation | | | | | | | 9,400 | | | | 267,611 | |
Keiyo Company Limited | | | | | | | 2,000 | | | | 12,108 | |
Kesa Electricals plc | | | | | | | 21,336 | | | | 15,669 | |
Kingfisher plc | | | | | | | 235,574 | | | | 1,030,899 | |
Komeri Company Limited | | | | | | | 5,000 | | | | 126,253 | |
Lowe’s Companies Incorporated | | | | | | | 145,600 | | | | 4,146,688 | |
Luk Fook Holdings International Limited | | | | | | | 40,000 | | | | 102,218 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 15 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Specialty Retail (continued) | | | | | | | | | | | | |
Men’s Wearhouse Incorporated | | | | | | | 112,442 | | | $ | 3,553,167 | |
Mr Price Group Limited | | | | | | | 37,374 | | | | 605,332 | |
Nafco Company Limited | | | | | | | 1,400 | | | | 24,515 | |
Nishimatsuya Chain Company Limited | | | | | | | 8,400 | | | | 67,591 | |
Nitori Company Limited | | | | | | | 7,600 | | | | 761,019 | |
O’Reilly Automotive Incorporated † | | | | | | | 100,106 | | | | 8,504,005 | |
Office Depot Incorporated † | | | | | | | 542,600 | | | | 830,178 | |
Osim International Limited | | | | | | | 17,515 | | | | 17,775 | |
Paris Miki Incorporated | | | | | | | 3,500 | | | | 20,787 | |
Point Incorporated | | | | | | | 2,680 | | | | 96,048 | |
Pou Sheng International Holdings Limited † | | | | | | | 282,000 | | | | 20,725 | |
Praktiker Bau Und Heimwerkermaerkte AG † | | | | | | | 3,061 | | | | 4,836 | |
Premier Investments Limited | | | | | | | 6,871 | | | | 34,997 | |
Reitman’s Canada Limited Class A | | | | | | | 2,386 | | | | 30,256 | |
Rent-A-Center Incorporated | | | | | | | 125,382 | | | | 4,423,477 | |
Right On Company Limited | | | | | | | 1,000 | | | | 8,851 | |
RONA Incorporated | | | | | | | 10,259 | | | | 133,734 | |
Ross Stores Incorporated | | | | | | | 46,598 | | | | 3,224,116 | |
Sa Sa International Holdings Limited | | | | | | | 112,000 | | | | 73,213 | |
Sally Beauty Holdings Incorporated † | | | | | | | 108,640 | | | | 2,987,600 | |
Sanrio Company Limited « | | | | | | | 11,000 | | | | 378,632 | |
Shimachu Company Limited | | | | | | | 6,800 | | | | 140,612 | |
Shimamura Company Limited | | | | | | | 4,400 | | | | 522,077 | |
Signet Jewelers Limited-United Kingdom Exchange | | | | | | | 1,261 | | | | 57,425 | |
Staples Incorporated « | | | | | | | 83,700 | | | | 914,004 | |
Super Cheap Auto Group Limited | | | | | | | 24,186 | | | | 198,653 | |
Tiffany & Company « | | | | | | | 99,600 | | | | 6,170,220 | |
TJX Companies Incorporated | | | | | | | 157,500 | | | | 7,211,925 | |
Tractor Supply Company | | | | | | | 55,175 | | | | 5,268,109 | |
Truworths International Limited | | | | | | | 82,515 | | | | 935,327 | |
Ulta Salon Cosmetics & Fragrance Incorporated | | | | | | | 44,800 | | | | 4,211,200 | |
United Arrows Limited | | | | | | | 4,100 | | | | 119,395 | |
Urban Outfitters Incorporated † | | | | | | | 89,413 | | | | 3,356,564 | |
USS Company Limited | | | | | | | 5,220 | | | | 560,702 | |
Valora Holding AG | | | | | | | 366 | | | | 58,962 | |
WH Smith Public Limited Corporation | | | | | | | 7,923 | | | | 75,546 | |
Xebio Company Limited | | | | | | | 4,100 | | | | 86,352 | |
Yamada Denki Company Limited | | | | | | | 17,620 | | | | 848,425 | |
| | | | |
| | | | | | | | | | | 146,104,471 | |
| | | | | | | | | | | | |
| | | | |
| Textiles, Apparel & Luxury Goods: 1.24% | | | | | | | | | | | | |
Adidas-Salomon AG | | | | | | | 19,806 | | | | 1,549,775 | |
ANTA Sports Products Limited | | | | | | | 127,000 | | | | 75,159 | |
ASICS Corporation | | | | | | | 43,800 | | | | 577,324 | |
Atsugi Company Limited | | | | | | | 8,000 | | | | 9,298 | |
Billabong International Limited | | | | | | | 56,684 | | | | 79,060 | |
Bosideng International Holdings Limited | | | | | | | 500,000 | | | | 137,959 | |
Burberry Group plc | | | | | | | 41,524 | | | | 892,086 | |
Carter’s Incorporated † | | | | | | | 92,500 | | | | 5,153,175 | |
| | | | |
| 16 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Textiles, Apparel & Luxury Goods (continued) | | | | | | | | | | | | |
China Dongxiang Group Company | | | | | | | 272,000 | | | $ | 27,004 | |
China Hongxing Sports Limited †(a) | | | | | | | 37,000 | | | | 0 | |
Christian Dior SA | | | | | | | 4,809 | | | | 685,929 | |
Coach Incorporated | | | | | | | 60,486 | | | | 3,516,051 | |
Compagnie Financiere Richemont SA « | | | | | | | 51,972 | | | | 3,187,347 | |
Daidoh Limited | | | | | | | 1,200 | | | | 7,909 | |
Daiwabo Company Limited | | | | | | | 29,000 | | | | 51,114 | |
Deckers Outdoor Corporation Ǡ | | | | | | | 29,498 | | | | 1,460,741 | |
Descente Limited | | | | | | | 3,000 | | | | 17,089 | |
Far Eastern Textile Company Limited | | | | | | | 734,790 | | | | 772,792 | |
Fibrechem Technologies Limited †(a) | | | | | | | 20,000 | | | | 0 | |
Formosa Taffeta Company Limited | | | | | | | 209,000 | | | | 190,501 | |
Fossil Incorporated † | | | | | | | 40,249 | | | | 3,419,153 | |
Geox SpA | | | | | | | 950 | | | | 2,399 | |
Gildan Activewear Incorporated | | | | | | | 10,931 | | | | 331,562 | |
Gunze Limited | | | | | | | 19,000 | | | | 48,049 | |
Hanesbrands Incorporated † | | | | | | | 208,358 | | | | 6,757,050 | |
Hermes International | | | | | | | 1,058 | | | | 304,676 | |
Hugo Boss AG | | | | | | | 1,564 | | | | 144,609 | |
Iconix Brand Group Incorporated Ǡ | | | | | | | 148,200 | | | | 2,771,340 | |
Indorama Ventures PCL | | | | | | | 398,233 | | | | 365,381 | |
Jaybharat Textiles & Real Estate Limited †(a) | | | | | | | 15,488 | | | | 26,133 | |
Jones Group Incorporated | | | | | | | 170,600 | | | | 2,161,502 | |
Kurabo Industries Limited | | | | | | | 19,000 | | | | 31,305 | |
Li Ning Company Limited | | | | | | | 79,500 | | | | 38,131 | |
LPP SA | | | | | | | 207 | | | | 193,616 | |
Luxottica Group SpA | | | | | | | 12,870 | | | | 469,449 | |
LVMH Moet Hennessy Louis Vuitton SA | | | | | | | 25,015 | | | | 4,084,010 | |
Michael Kors Holdings Limited † | | | | | | | 33,219 | | | | 1,792,165 | |
Ng2 SA | | | | | | | 3,479 | | | | 58,783 | |
Nike Incorporated Class B | | | | | | | 76,600 | | | | 7,457,776 | |
Nisshinbo Industries Incorporated | | | | | | | 22,000 | | | | 138,246 | |
Onward Kashiyama Company Limited | | | | | | | 20,000 | | | | 149,946 | |
Pandora AS | | | | | | | 4,743 | | | | 64,090 | |
Peak Sport Products Limited | | | | | | | 198,000 | | | | 30,379 | |
Ports Design Limited | | | | | | | 33,000 | | | | 25,997 | |
Pou Chen Corporation | | | | | | | 683,600 | | | | 659,612 | |
Prime Success International Group Limited | | | | | | | 130,000 | | | | 130,068 | |
Puma AG Rudolf Dassler Sport | | | | | | | 229 | | | | 66,623 | |
PVH Corporation | | | | | | | 51,230 | | | | 4,810,497 | |
Ralph Lauren Corporation | | | | | | | 48,580 | | | | 7,707,217 | |
Ruentex Industries Limited | | | | | | | 93,549 | | | | 181,782 | |
Sanyo Shokai Limited | | | | | | | 5,000 | | | | 15,263 | |
Seiko Holdings Corporation Class C † | | | | | | | 12,000 | | | | 33,106 | |
Seiren Company Limited | | | | | | | 20,900 | | | | 143,613 | |
Shenzhou International Group Holdings Limited | | | | | | | 77,000 | | | | 126,878 | |
Stella International | | | | | | | 82,000 | | | | 195,380 | |
Steven Madden Limited † | | | | | | | 76,900 | | | | 3,300,548 | |
Swatch Group AG | | | | | | | 3,279 | | | | 1,342,237 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 17 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Textiles, Apparel & Luxury Goods (continued) | | | | | | | | | | | | |
Swatch Group AG - Bearer Shares | | | | | | | 4,901 | | | $ | 346,258 | |
Tainan Spinning Company Limited | | | | | | | 342,495 | | | | 152,660 | |
Texwinca Holdings Limited | | | | | | | 100,000 | | | | 81,357 | |
The Japan Wool Textile Company Limited | | | | | | | 13,000 | | | | 93,646 | |
Titan Industries Limited | | | | | | | 90,683 | | | | 359,227 | |
Tod’s SpA | | | | | | | 810 | | | | 86,243 | |
Toyobo Company Limited | | | | | | | 116,000 | | | | 124,452 | |
Trinity Limited | | | | | | | 202,000 | | | | 131,525 | |
TSI Holdings Company Limited | | | | | | | 11,000 | | | | 70,107 | |
Under Armour Incorporated Ǡ | | | | | | | 153,596 | | | | 8,940,823 | |
Unitika Limited † | | | | | | | 168,000 | | | | 83,684 | |
VF Corporation | | | | | | | 18,129 | | | | 2,767,936 | |
Wacoal Corporation | | | | | | | 21,000 | | | | 234,958 | |
Warnaco Group Incorporated † | | | | | | | 76,618 | | | | 3,939,698 | |
Wolverine World Wide Incorporated « | | | | | | | 87,640 | | | | 4,121,709 | |
Xtep International Holdings Limited | | | | | | | 154,500 | | | | 56,374 | |
Yue Yuen Industrial Holdings Limited | | | | | | | 130,500 | | | | 376,898 | |
| | | | |
| | | | | | | | | | | 89,936,439 | |
| | | | | | | | | | | | |
| | | | |
Consumer Staples: 7.43% | | | | | | | | | | | | |
| | | | |
| Beverages: 1.61% | | | | | | | | | | | | |
Anadolu Efes Biracilik Ve Malt Sanayii AS | | | | | | | 34,632 | | | | 483,538 | |
Anheuser-Busch InBev NV VVPR Strip † | | | | | | | 6,960 | | | | 18 | |
Asahi Breweries Limited | | | | | | | 81,800 | | | | 1,979,833 | |
Britvic plc | | | | | | | 18,843 | | | | 95,624 | |
Brown-Forman Corporation Class A | | | | | | | 19,584 | | | | 1,218,321 | |
Brown-Forman Corporation Class B | | | | | | | 99,621 | | | | 6,385,706 | |
C&C Group plc | | | | | | | 39,321 | | | | 178,296 | |
Carlsberg AS | | | | | | | 9,143 | | | | 791,735 | |
Carlsberg Brewery Malaysia Berhad | | | | | | | 27,300 | | | | 106,771 | |
Cia Cervecerias Unidas SA | | | | | | | 31,026 | | | | 405,695 | |
Cia de Bebidas das Americas | | | | | | | 49,595 | | | | 1,558,044 | |
Coca-Cola Amatil Limited | | | | | | | 88,632 | | | | 1,253,595 | |
Coca-Cola Central Japan Company Limited | | | | | | | 4,200 | | | | 53,375 | |
Coca-Cola Company | | | | | | | 520,266 | | | | 19,457,948 | |
Coca-Cola Enterprises Incorporated | | | | | | | 204,400 | | | | 6,035,932 | |
Coca-Cola Hellenic Bottling Company SA | | | | | | | 15,391 | | | | 287,672 | |
Coca-Cola Icecek Uretim AS | | | | | | | 15,881 | | | | 282,841 | |
Coca-Cola West Japan Company Limited | | | | | | | 14,900 | | | | 247,398 | |
Constellation Brands Incorporated Class A † | | | | | | | 124,583 | | | | 4,103,764 | |
Cott Corporation † | | | | | | | 4,300 | | | | 35,508 | |
David Campari-Milano SpA | | | | | | | 14,156 | | | | 97,307 | |
Diageo plc | | | | | | | 234,399 | | | | 6,420,289 | |
Dr Pepper Snapple Group Incorporated | | | | | | | 143,940 | | | | 6,449,951 | |
Fomento Economico Mexicano Sab de CV | | | | | | | 421,400 | | | | 3,568,103 | |
Fraser & Neave Holdings | | | | | | | 12,000 | | | | 76,428 | |
Guinness Anchor Berhad | | | | | | | 25,100 | | | | 126,926 | |
Heineken Holding NV « | | | | | | | 9,870 | | | | 456,729 | |
Heineken NV « | | | | | | | 19,537 | | | | 1,083,083 | |
| | | | |
| 18 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Beverages (continued) | | | | | | | | | | | | |
Hite Jinro Company Limited | | | | | | | 11,446 | | | $ | 224,960 | |
InBev NA | | | | | | | 69,700 | | | | 5,854,513 | |
ITO EN Limited | | | | | | | 8,400 | | | | 167,045 | |
Kirin Brewery Company Limited | | | | | | | 168,000 | | | | 2,092,088 | |
Lotte Chilsung Beverage Company Limited | | | | | | | 132 | | | | 162,641 | |
Mikuni Coca-Cola Bottling Company Limited | | | | | | | 1,300 | | | | 11,191 | |
Molson Coors Brewing Company | | | | | | | 106,072 | | | | 4,724,447 | |
Monster Beverage Corporation † | | | | | | | 120,830 | | | | 7,120,512 | |
PepsiCo Incorporated | | | | | | | 325,163 | | | | 23,551,556 | |
Pernod-Ricard SA | | | | | | | 18,977 | | | | 2,044,880 | |
Remy Cointreau SA | | | | | | | 3,044 | | | | 347,688 | |
SABMiller plc | | | | | | | 87,461 | | | | 3,860,032 | |
San Miguel Corporation | | | | | | | 192,260 | | | | 511,779 | |
Sapporo Holdings Limited | | | | | | | 53,000 | | | | 150,955 | |
Takara Holdings Incorporated | | | | | | | 30,000 | | | | 213,424 | |
Thai Beverage Public Company Limited | | | | | | | 1,543,000 | | | | 408,496 | |
Treasury Wine Estates Limited | | | | | | | 132,371 | | | | 646,870 | |
Tsingtao Brewery Company Limited | | | | | | | 60,000 | | | | 321,817 | |
United Spirits Limited | | | | | | | 26,688 | | | | 464,983 | |
Yomeishu Seizo Company Limited | | | | | | | 1,000 | | | | 8,877 | |
| | | | |
| | | | | | | | | | | 116,129,184 | |
| | | | | | | | | | | | |
| | | | |
| Food & Staples Retailing: 1.57% | | | | | | | | | | | | |
Aeon Company Limited « | | | | | | | 143,400 | | | | 1,648,381 | |
Ain Pharmaciez Incorporated | | | | | | | 4,400 | | | | 298,410 | |
Alimentation Couche Tard Incorporated | | | | | | | 11,643 | | | | 592,219 | |
Alliance Global Group Incorporated | | | | | | | 970,700 | | | | 271,773 | |
ARCS Company Limited | | | | | | | 9,300 | | | | 216,420 | |
Axfood AB | | | | | | | 450 | | | | 15,901 | |
Big C Supercenter PCL ADR | | | | | | | 109,000 | | | | 620,919 | |
Bim Birlesik Magazalar AS | | | | | | | 20,908 | | | | 859,099 | |
Booker Group plc | | | | | | | 194,495 | | | | 292,152 | |
C.P. Seven Eleven PCL | | | | | | | 830,800 | | | | 914,715 | |
Carrefour SA | | | | | | | 56,255 | | | | 1,179,174 | |
Casey’s General Stores Incorporated | | | | | | | 70,110 | | | | 3,964,721 | |
Casino Guichard Perrachon SA | | | | | | | 5,420 | | | | 481,027 | |
Cawachi Limited | | | | | | | 2,100 | | | | 40,232 | |
Cencosud SA | | | | | | | 365,746 | | | | 2,123,028 | |
China Resources Enterprise Limited | | | | | | | 230,000 | | | | 683,540 | |
Colruyt SA | | | | | | | 6,243 | | | | 296,391 | |
Cosmos Pharmaceutical Corporation | | | | | | | 4,000 | | | | 341,273 | |
Costco Wholesale Corporation | | | | | | | 89,227 | | | | 8,732,646 | |
CVS Corporation | | | | | | | 157,700 | | | | 7,183,235 | |
Dairy Farm International Holdings Limited | | | | | | | 52,200 | | | | 563,760 | |
Delhaize Group | | | | | | | 10,066 | | | | 398,949 | |
Distribuidora Internacional SA | | | | | | | 61,010 | | | | 323,913 | |
E-MART Company Limited | | | | | | | 4,485 | | | | 976,353 | |
Empire Company Limited | | | | | | | 2,672 | | | | 154,994 | |
Eurocash SA | | | | | | | 9,166 | | | | 110,624 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 19 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Food & Staples Retailing (continued) | | | | | | | | | | | | |
FamilyMart Company Limited | | | | | | | 11,800 | | | $ | 568,938 | |
Fu Ji Food & Catering Services Holdings Limited †(a) | | | | | | | 16,692 | | | | 0 | |
George Weston Limited | | | | | | | 5,500 | | | | 354,131 | |
Harris Teeter Supermarkets Incorporated | | | | | | | 77,754 | | | | 3,037,849 | |
Heiwado Company Limited | | | | | | | 8,100 | | | | 122,387 | |
Inageya Company Limited | | | | | | | 5,500 | | | | 68,140 | |
Izumiya Company Limited | | | | | | | 5,000 | | | | 24,203 | |
J Sainsbury plc | | | | | | | 119,290 | | | | 620,523 | |
Jeronimo Martins | | | | | | | 17,162 | | | | 286,667 | |
Kasumi Company Limited | | | | | | | 10,000 | | | | 68,587 | |
Kato Sangyo Company Limited | | | | | | | 3,500 | | | | 65,713 | |
Kesko Oyj A Shares | | | | | | | 1,500 | | | | 42,319 | |
Kesko Oyj B Shares | | | | | | | 7,559 | | | | 200,137 | |
Koninklijke Ahold NV | | | | | | | 100,511 | | | | 1,242,735 | |
Kroger Company | | | | | | | 66,800 | | | | 1,488,304 | |
Lawson Incorporated | | | | | | | 11,200 | | | | 858,292 | |
Life Corporation | | | | | | | 4,000 | | | | 68,868 | |
Loblaw Companies Limited « | | | | | | | 10,500 | | | | 368,978 | |
Magnit OJSC GDR | | | | | | | 55,231 | | | | 1,428,798 | |
Massmart Holdings Limited | | | | | | | 23,414 | | | | 474,104 | |
Matsumotokiyoshi Holdings Company Limited | | | | | | | 5,600 | | | | 134,251 | |
Metcash Limited | | | | | | | 142,566 | | | | 539,089 | |
Metro AG | | | | | | | 12,722 | | | | 383,241 | |
Metro Incorporated « | | | | | | | 9,679 | | | | 562,231 | |
Ministop Company Limited | | | | | | | 500 | | | | 8,334 | |
Olam International Limited | | | | | | | 271,718 | | | | 418,531 | |
Pick’n Pay Stores Limited | | | | | | | 59,313 | | | | 313,611 | |
President Chain Store Corporation | | | | | | | 114,032 | | | | 607,262 | |
Rallye SA « | | | | | | | 342 | | | | 10,281 | |
Rite Aid Corporation † | | | | | | | 1,329,280 | | | | 1,581,843 | |
Ryoshoku Limited | | | | | | | 3,100 | | | | 75,307 | |
Safeway Incorporated « | | | | | | | 163,516 | | | | 2,559,025 | |
Seven & I Holdings Company Limited « | | | | | | | 146,680 | | | | 4,449,390 | |
Shinsegae Company Limited | | | | | | | 1,463 | | | | 291,407 | |
Shoppers Drug Mart Corporation « | | | | | | | 20,100 | | | | 854,161 | |
Shoprite Holdings Limited | | | | | | | 81,698 | | | | 1,643,002 | |
Siam Makro plc | | | | | | | 12,000 | | | | 141,695 | |
Sligro Food Group NV | | | | | | | 1,429 | | | | 34,690 | |
Sugi Pharmacy Company Limited | | | | | | | 8,400 | | | | 293,858 | |
Sun Art Retail Group Limited | | | | | | | 249,500 | | | | 314,933 | |
Sundrug Company Limited | | | | | | | 5,400 | | | | 196,357 | |
Super-Sol Limited | | | | | | | 1,882 | | | | 4,490 | |
SUPERVALU Incorporated « | | | | | | | 465,815 | | | | 1,108,640 | |
Sysco Corporation | | | | | | | 72,348 | | | | 2,192,144 | |
Tesco plc | | | | | | | 751,937 | | | | 4,018,883 | |
The Jean Coutu Group PJC Incorporated | | | | | | | 5,911 | | | | 86,409 | |
The Maruetsu Incorporated | | | | | | | 2,000 | | | | 6,871 | |
Tsuruha Holdings Incorporated | | | | | | | 3,300 | | | | 214,956 | |
United Natural Foods Incorporated Ǡ | | | | | | | 88,979 | | | | 5,114,513 | |
| | | | |
| 20 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Food & Staples Retailing (continued) | | | | | | | | | | | | |
UNY Company Limited | | | | | | | 43,900 | | | $ | 363,894 | |
Valor Company Limited | | | | | | | 6,300 | | | | 109,996 | |
Wal-Mart de Mexico SAB de CV | | | | | | | 1,233,110 | | | | 3,296,686 | |
Wal-Mart Stores Incorporated | | | | | | | 216,943 | | | | 15,750,062 | |
Walgreen Company | | | | | | | 107,700 | | | | 3,851,352 | |
Wesfarmers Limited | | | | | | | 175,730 | | | | 6,267,292 | |
Whole Foods Market Incorporated | | | | | | | 35,021 | | | | 3,388,282 | |
William Morrison Supermarkets plc | | | | | | | 218,799 | | | | 972,777 | |
Woolworths Limited | | | | | | | 216,601 | | | | 6,628,400 | |
Yaoko Company Limited | | | | | | | 1,000 | | | | 37,742 | |
| | | | |
| | | | | | | | | | | 113,499,410 | |
| | | | | | | | | | | | |
| | | | |
| Food Products: 2.02% | | | | | | | | | | | | |
Ajinomoto Company Incorporated | | | | | | | 116,000 | | | | 1,767,520 | |
Alicorp SA | | | | | | | 101,849 | | | | 262,471 | |
Archer-Daniels-Midland Company | | | | | | | 80,000 | | | | 2,140,000 | |
Ariake Japan Company Limited | | | | | | | 5,600 | | | | 125,811 | |
Aryzta AG | | | | | | | 9,603 | | | | 472,254 | |
Asia Food & Properties Limited | | | | | | | 85,000 | | | | 18,753 | |
Asiatic Development Berhad | | | | | | | 46,000 | | | | 136,771 | |
Associated British Foods plc | | | | | | | 31,650 | | | | 665,383 | |
Astra Agro Lestari TBK PT | | | | | | | 45,000 | | | | 105,244 | |
Australian Agricultural Company Limited † | | | | | | | 33,938 | | | | 45,231 | |
Barry Callebaut AG | | | | | | | 233 | | | | 220,504 | |
BRF Brasil Foods SA | | | | | | | 144,500 | | | | 2,321,368 | |
Bunge Limited « | | | | | | | 100,045 | | | | 6,367,864 | |
CALBEE Incorporated | | | | | | | 2,600 | | | | 205,556 | |
Campbell Soup Company « | | | | | | | 22,600 | | | | 794,164 | |
Chaoda Modern Agriculture Limited †(a) | | | | | | | 277,776 | | | | 0 | |
Charoen Pokphand Food Forgein | | | | | | | 445,500 | | | | 451,400 | |
Charoen Pokphand Indonesia TBK PT | | | | | | | 1,503,500 | | | | 425,742 | |
China Agri-Industries Holdings Limited | | | | | | | 309,000 | | | | 152,987 | |
China Fishery Group Limited | | | | | | | 18,461 | | | | 11,552 | |
China Green Holdings Limited | | | | | | | 48,000 | | | | 10,521 | |
China Huiyuan Juice Group † | | | | | | | 21,500 | | | | 6,459 | |
China Mengniu Dairy Company | | | | | | | 240,000 | | | | 722,542 | |
China Yurun Food Group Limited « | | | | | | | 263,000 | | | | 160,731 | |
CJ Cheiljedang Corporation | | | | | | | 1,434 | | | | 386,739 | |
ConAgra Foods Incorporated | | | | | | | 51,914 | | | | 1,303,561 | |
CSM NV | | | | | | | 8,620 | | | | 145,286 | |
Dairy Crest Group plc | | | | | | | 6,886 | | | | 37,394 | |
Danone SA | | | | | | | 57,417 | | | | 3,578,456 | |
Dydo Drinco Incorporated | | | | | | | 1,200 | | | | 55,942 | |
East Asiatic Company Limited AS | | | | | | | 250 | | | | 5,127 | |
Ebro Puleva SA | | | | | | | 5,982 | | | | 98,115 | |
Ezaki Glico Company Limited | | | | | | | 29,000 | | | | 342,614 | |
Flowers Foods Incorporated « | | | | | | | 300,900 | | | | 6,213,585 | |
Fresh del Monte Produce Incorporated | | | | | | | 83,750 | | | | 2,068,625 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 21 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Food Products (continued) | | | | | | | | | | | | |
Fuji Oil Company Limited | | | | | | | 10,200 | | | $ | 136,139 | |
Fujicco Company Limited | | | | | | | 4,000 | | | | 50,884 | |
Futuris Corporation Limited † | | | | | | | 36,531 | | | | 9,813 | |
General Mills Incorporated | | | | | | | 75,300 | | | | 2,961,549 | |
GlaxoSmithKline Consumer Healthcare Limited | | | | | | | 5,201 | | | | 276,431 | |
Golden Agri-Resources Limited | | | | | | | 1,126,045 | | | | 641,389 | |
Goodman Fielder Limited | | | | | | | 268,842 | | | | 144,432 | |
Grain Corporation Limited | | | | | | | 27,160 | | | | 258,716 | |
Green Mountain Coffee Roasters Incorporated Ǡ | | | | | | | 93,592 | | | | 2,275,222 | |
Greggs plc | | | | | | | 7,664 | | | | 59,727 | |
Grupo Bimbo Sab de CV | | | | | | | 578,300 | | | | 1,292,041 | |
H.J. Heinz Company « | | | | | | | 39,100 | | | | 2,178,652 | |
Hain Celestial Group Incorporated † | | | | | | | 70,433 | | | | 4,859,173 | |
Hokuto Corporation | | | | | | | 2,600 | | | | 50,775 | |
Hormel Foods Corporation « | | | | | | | 101,000 | | | | 2,900,720 | |
House Foods Corporation | | | | | | | 12,600 | | | | 213,393 | |
Indofood Agri Resources Limited | | | | | | | 39,000 | | | | 43,646 | |
Indofood CBP Sukses Makmur TBK PT | | | | | | | 384,000 | | | | 263,786 | |
Indofood Sukses Makmur TBK PT | | | | | | | 859,924 | | | | 487,005 | |
Ingredion Incorporated | | | | | | | 53,400 | | | | 2,874,522 | |
IOI Corporation Berhad | | | | | | | 619,546 | | | | 1,019,192 | |
Itoham Foods Incorporated | | | | | | | 29,000 | | | | 123,712 | |
J-Oil Mills Incorporated | | | | | | | 5,000 | | | | 14,049 | |
JBS SA † | | | | | | | 181,023 | | | | 514,559 | |
JM Smucker Company | | | | | | | 74,198 | | | | 6,304,604 | |
Kagome Company Limited | | | | | | | 16,000 | | | | 362,731 | |
Kernel Holding SA † | | | | | | | 12,115 | | | | 248,565 | |
Kerry Group plc Class-A Dublin Exchange | | | | | | | 7,676 | | | | 367,754 | |
Kerry Group plc Class-A London Exchange | | | | | | | 7,400 | | | | 354,531 | |
Khon Kaen Sugar Industry PCL | | | | | | | 23,320 | | | | 9,154 | |
Kikkoman Corporation | | | | | | | 33,000 | | | | 435,813 | |
Kraft Foods Incorporated Class A | | | | | | | 217,464 | | | | 9,031,280 | |
Kuala Lumpur Kepong Berhad | | | | | | | 87,100 | | | | 647,849 | |
Kulim (Malaysia) Berhad | | | | | | | 101,600 | | | | 167,464 | |
Lancaster Colony Corporation « | | | | | | | 35,669 | | | | 2,583,862 | |
Lindt & Spruengli AG | | | | | | | 13 | | | | 470,326 | |
Lindt & Spruengli AG - Participation Certificate | | | | | | | 96 | | | | 299,152 | |
Lotte Confectionery Company Limited | | | | | | | 228 | | | | 326,339 | |
Maple Leaf Foods Incorporated | | | | | | | 14,491 | | | | 162,440 | |
Marine Harvest †« | | | | | | | 252,949 | | | | 195,887 | |
Marudai Food Company Limited | | | | | | | 35,000 | | | | 126,956 | |
Maruha Nichiro Holdings Incorporated | | | | | | | 66,000 | | | | 114,643 | |
McCormick & Company Incorporated « | | | | | | | 79,681 | | | | 4,895,601 | |
Mead Johnson & Company | | | | | | | 41,820 | | | | 3,066,661 | |
Megmilk Snow Brand Company Limited | | | | | | | 6,900 | | | | 118,532 | �� |
Meiji Holdings Company Limited | | | | | | | 14,200 | | | | 661,984 | |
Meito Sangyo Company Limited | | | | | | | 600 | | | | 8,345 | |
Mitsui Sugar Company Limited | | | | | | | 4,000 | | | | 13,232 | |
Morinaga & Company Limited | | | | | | | 36,000 | | | | 82,764 | |
| | | | |
| 22 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Food Products (continued) | | | | | | | | | | | | |
Morinaga Milk Industry Company Limited | | | | | | | 33,000 | | | $ | 113,800 | |
Nakamuraya Company Limited | | | | | | | 2,000 | | | | 10,065 | |
Nestle India Limited | | | | | | | 7,135 | | | | 594,568 | |
Nestle Malaysia Berhad | | | | | | | 10,000 | | | | 204,897 | |
Nestle SA | | | | | | | 306,956 | | | | 19,082,265 | |
Nestle SA ADR | | | | | | | 15 | | | | 935 | |
Nichirei Corporation | | | | | | | 52,000 | | | | 272,968 | |
Nippon Beet Sugar Manufacturing Company Limited | | | | | | | 6,000 | | | | 11,725 | |
Nippon Flour Mills Company Limited | | | | | | | 38,000 | | | | 164,046 | |
Nippon Meat Packers Incorporated | | | | | | | 39,000 | | | | 524,516 | |
Nippon Suisan Kaisha Limited | | | | | | | 41,400 | | | | 90,948 | |
Nisshin Seifun Group Incorporated | | | | | | | 39,000 | | | | 472,214 | |
Nissin Food Products Company Limited | | | | | | | 17,300 | | | | 668,402 | |
Nong Shim Company Limited | | | | | | | 901 | | | | 198,524 | |
Nutreco Holding NV | | | | | | | 2,609 | | | | 190,727 | |
Orion Corporation | | | | | | | 800 | | | | 648,672 | |
Osem Investment Limited | | | | | | | 3,453 | | | | 42,310 | |
Peoples Food Holdings Limited † | | | | | | | 21,000 | | | | 10,277 | |
Post Holdings Incorporated † | | | | | | | 57,037 | | | | 1,702,554 | |
PP London Sumatra Indonesia TBK PT | | | | | | | 664,500 | | | | 167,257 | |
PPB Group Berhad | | | | | | | 119,200 | | | | 530,286 | |
Premier Foods plc † | | | | | | | 9,696 | | | | 9,007 | |
QP Corporation | | | | | | | 24,000 | | | | 371,211 | |
Ralcorp Holdings Incorporated | | | | | | | 41,800 | | | | 2,966,128 | |
Ridley Corporation Limited | | | | | | | 11,389 | | | | 13,532 | |
Riken Vitamin Company Limited | | | | | | | 2,000 | | | | 56,019 | |
Sakata Seed Corporation | | | | | | | 5,700 | | | | 74,258 | |
Saputo Incorporated « | | | | | | | 12,604 | | | | 531,395 | |
Showa Sangyo Company Limited | | | | | | | 12,000 | | | | 40,003 | |
Shree Renuka Sugars Limited | | | | | | | 50,603 | | | | 27,701 | |
Smithfield Foods Incorporated Ǡ | | | | | | | 102,976 | | | | 1,989,496 | |
Standard Foods Corporation | | | | | | | 57,040 | | | | 151,403 | |
Strauss Group Limited † | | | | | | | 1,291 | | | | 11,970 | |
Suedzucker AG | | | | | | | 5,793 | | | | 194,256 | |
Synear Food Holdings Limited † | | | | | | | 16,000 | | | | 1,759 | |
Tata Tea Limited | | | | | | | 101,852 | | | | 237,670 | |
Tate & Lyle plc | | | | | | | 44,144 | | | | 459,817 | |
Thai Union Frozen Products PCL | | | | | | | 37,044 | | | | 88,073 | |
The Nisshin Oillio Group Limited | | | | | | | 12,000 | | | | 46,593 | |
Tiger Brands Limited | | | | | | | 32,252 | | | | 1,062,785 | |
Tingyi (Cayman Islands) Holding Corporation | | | | | | | 354,000 | | | | 1,047,493 | |
Toyo Suisan Kaisha Limited | | | | | | | 17,000 | | | | 421,662 | |
TreeHouse Foods Incorporated Ǡ | | | | | | | 64,923 | | | | 3,372,750 | |
Tyson Foods Incorporated Class A | | | | | | | 204,709 | | | | 3,205,743 | |
Uni-President China Holdings Limited | | | | | | | 200,000 | | | | 206,293 | |
Uni-President Enterprises Corporation | | | | | | | 986,853 | | | | 1,579,901 | |
Unilever NV CVA (Netherlands) | | | | | | | 145,520 | | | | 5,075,562 | |
Unilever plc ADR | | | | | | | 120,275 | | | | 4,323,760 | |
United Plantations Berhad | | | | | | | 11,000 | | | | 93,365 | |
Universal Robina Corporation | | | | | | | 238,100 | | | | 344,630 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 23 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Food Products (continued) | | | | | | | | | | | | |
Viscofan SA | | | | | | | 6,884 | | | $ | 304,873 | |
Vitasoy International Holdings Limited | | | | | | | 188,000 | | | | 160,465 | |
Viterra Incorporated | | | | | | | 43,628 | | | | 714,335 | |
Want Want China Holdings Limited | | | | | | | 1,349,000 | | | | 1,669,737 | |
Wei Chuan Food Corporation | | | | | | | 140,000 | | | | 147,007 | |
Wilmar International Limited | | | | | | | 352,930 | | | | 886,218 | |
Yakult Honsha Company Limited « | | | | | | | 22,400 | | | | 961,287 | |
Yamazaki Baking Company Limited | | | | | | | 34,000 | | | | 446,848 | |
| | | | |
| | | | | | | | | | | 145,529,229 | |
| | | | | | | | | | | | |
| | | | |
| Household Products: 0.90% | | | | | | | | | | | | |
ALS Limited | | | | | | | 60,375 | | | | 514,605 | |
Clorox Company | | | | | | | 102,500 | | | | 7,456,875 | |
Energizer Holdings Incorporated | | | | | | | 51,000 | | | | 3,513,900 | |
Henkel AG & Company KGaA | | | | | | | 11,153 | | | | 692,013 | |
Hindustan Unilever Limited | | | | | | | 219,027 | | | | 2,028,239 | |
Kimberly-Clark Corporation | | | | | | | 48,416 | | | | 4,047,578 | |
Kimberly-Clark de Mexico SAB de CV | | | | | | | 170,300 | | | | 348,112 | |
LG Household & Health Care Limited Class H | | | | | | | 1,667 | | | | 913,847 | |
Lion Corporation | | | | | | | 52,000 | | | | 302,855 | |
Pigeon Corporation | | | | | | | 2,400 | | | | 112,957 | |
Procter & Gamble Company | | | | | | | 571,582 | | | | 38,404,595 | |
PZ Cussons plc | | | | | | | 18,713 | | | | 90,329 | |
Reckitt Benckiser Group | | | | | | | 58,098 | | | | 3,284,135 | |
Uni-Charm Corporation | | | | | | | 27,000 | | | | 1,570,790 | |
Unilever Indonesia TBK PT | | | | | | | 256,000 | | | | 727,593 | |
WD-40 Company | | | | | | | 26,200 | | | | 1,278,822 | |
| | | | |
| | | | | | | | | | | 65,287,245 | |
| | | | | | | | | | | | |
| | | | |
| Personal Products: 0.53% | | | | | | | | | | | | |
Aderans Company Limited † | | | | | | | 2,700 | | | | 32,864 | |
Amorepacific Corporation | | | | | | | 612 | | | | 630,541 | |
Atrium Innovations Incorporated † | | | | | | | 734 | | | | 8,332 | |
Avon Products Incorporated | | | | | | | 290,600 | | | | 4,489,770 | |
BaWang International Group Holding Limited † | | | | | | | 82,000 | | | | 6,238 | |
Beiersdorf AG | | | | | | | 10,132 | | | | 726,410 | |
Colgate-Palmolive Company | | | | | | | 90,358 | | | | 9,605,959 | |
Colgate-Palmolive Company India Limited | | | | | | | 12,054 | | | | 261,612 | |
Dabur India Limited | | | | | | | 131,061 | | | | 288,747 | |
Dr. Ci Labo Company Limited « | | | | | | | 44 | | | | 171,965 | |
Emami Limited | | | | | | | 6,659 | | | | 58,503 | |
Estee Lauder Companies Incorporated Class A | | | | | | | 47,120 | | | | 2,824,844 | |
FANCL Corporation | | | | | | | 7,300 | | | | 84,659 | |
Godrej Consumer Products Limited | | | | | | | 22,447 | | | | 279,372 | |
Hengan International Group Company Limited | | | | | | | 156,000 | | | | 1,568,860 | |
Herbalife Limited « | | | | | | | 92,016 | | | | 4,452,654 | |
Kao Corporation | | | | | | | 95,500 | | | | 2,883,479 | |
Kobayashi Pharmaceutical Company Limited | | | | | | | 5,600 | | | | 299,329 | |
Kose Corporation | | | | | | | 4,900 | | | | 113,840 | |
| | | | |
| 24 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Personal Products (continued) | | | | | | | | | | | | |
L’Oreal SA | | | | | | | 22,566 | | | $ | 2,774,205 | |
Mandom Corporation | | | | | | | 3,200 | | | | 84,971 | |
Marico Limited | | | | | | | 70,088 | | | | 252,002 | |
Milbon Company Limited | | | | | | | 1,700 | | | | 57,387 | |
Natura Cosmeticos SA | | | | | | | 26,100 | | | | 654,461 | |
Nu Skin Enterprises Incorporated « | | | | | | | 107,500 | | | | 4,460,175 | |
Oriflame Cosmetics SA « | | | | | | | 2,947 | | | | 102,844 | |
Pola Orbis Holdings Incorporated | | | | | | | 6,900 | | | | 241,471 | |
Shiseido Company Limited | | | | | | | 65,300 | | | | 929,938 | |
| | | | |
| | | | | | | | | | | 38,345,432 | |
| | | | | | | | | | | | |
| | | | |
| Tobacco: 0.80% | | | | | | | | | | | | |
Altria Group Incorporated | | | | | | | 251,880 | | | | 8,553,845 | |
British American Tobacco Malaysia Berhad | | | | | | | 24,900 | | | | 508,280 | |
British American Tobacco plc | | | | | | | 189,985 | | | | 9,959,565 | |
Eastern Company | | | | | | | 2,662 | | | | 33,696 | |
Gudang Garam TBK PT | | | | | | | 106,500 | | | | 559,586 | |
Imperial Tobacco Group plc | | | | | | | 95,074 | | | | 3,707,660 | |
ITC Limited | | | | | | | 391,525 | | | | 1,883,895 | |
Japan Tobacco Incorporated | | | | | | | 168,600 | | | | 5,084,164 | |
KT&G Corporation | | | | | | | 26,956 | | | | 2,040,780 | |
Philip Morris International Incorporated | | | | | | | 214,250 | | | | 19,132,525 | |
Reynolds American Incorporated « | | | | | | | 40,862 | | | | 1,883,738 | |
Souza Cruz SA | | | | | | | 82,400 | | | | 1,104,539 | |
Swedish Match AB | | | | | | | 21,840 | | | | 907,609 | |
Universal Corporation « | | | | | | | 49,900 | | | | 2,366,757 | |
| | | | |
| | | | | | | | | | | 57,726,639 | |
| | | | | | | | | | | | |
| | | | |
Energy: 7.58% | | | | | | | | | | | | |
| | | | |
| Energy Equipment & Services: 1.36% | | | | | | | | | | | | |
Aban Offshore Limited | | | | | | | 2,949 | | | | 21,251 | |
Acergy SA | | | | | | | 23,407 | | | | 537,985 | |
Aker ASA Class A | | | | | | | 3,638 | | | | 114,250 | |
Aker Kvaerner ASA | | | | | | | 17,388 | | | | 317,436 | |
AMEC plc | | | | | | | 31,672 | | | | 557,721 | |
Atwood Oceanics Incorporated † | | | | | | | 103,700 | | | | 4,799,236 | |
Bourbon SA | | | | | | | 4,026 | | | | 106,342 | |
Bumi Armada Berhad | | | | | | | 170,300 | | | | 206,573 | |
BW Offshore Limited | | | | | | | 23,262 | | | | 17,019 | |
Calfrac Well Services Limited | | | | | | | 1,959 | | | | 47,795 | |
Cameron International Corporation † | | | | | | | 50,438 | | | | 2,759,463 | |
Carbo Ceramics Incorporated « | | | | | | | 14,300 | | | | 1,006,434 | |
Compagnie Generale de Geophysique Veritas † | | | | | | | 14,173 | | | | 411,175 | |
Compagnie Generale de Geophysique Veritas ADR Ǡ | | | | | | | 689 | | | | 19,919 | |
Core Laboratories NV « | | | | | | | 37,584 | | | | 4,592,389 | |
Dresser Rand Group Incorporated † | | | | | | | 57,541 | | | | 2,912,725 | |
Dril-Quip Incorporated Ǡ | | | | | | | 66,710 | | | | 4,672,368 | |
Enerflex Limited | | | | | | | 4,043 | | | | 50,325 | |
Ensign Energy Services Incorporated | | | | | | | 8,678 | | | | 132,228 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 25 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Energy Equipment & Services (continued) | | | | | | | | | | | | |
Ezra Holdings Limited † | | | | | | | 71,000 | | | $ | 61,231 | |
FMC Technologies Incorporated † | | | | | | | 189,204 | | | | 8,862,315 | |
Fred Olsen Energy ASA | | | | | | | 4,001 | | | | 169,834 | |
Fugro NV | | | | | | | 5,730 | | | | 348,612 | |
GCL-Poly Energy Holdings Limited « | | | | | | | 1,559,000 | | | | 239,198 | |
Halliburton Company | | | | | | | 1 | | | | 33 | |
Helix Energy Solutions Group Incorporated Ǡ | | | | | | | 220,095 | | | | 3,878,074 | |
Hong Kong Energy Holdings Limited † | | | | | | | 15,871 | | | | 389 | |
Indiabulls Infrastructure and Power Limited † | | | | | | | 128,891 | | | | 10,311 | |
John Wood Group plc | | | | | | | 30,475 | | | | 397,038 | |
Key Energy Services Incorporated Ǡ | | | | | | | 331,773 | | | | 2,624,324 | |
KNM Group Berhad † | | | | | | | 89,275 | | | | 19,001 | |
Lufkin Industries Incorporated « | | | | | | | 62,600 | | | | 3,281,492 | |
McDermott International Incorporated † | | | | | | | 150,300 | | | | 1,674,342 | |
Modec Incorporated | | | | | | | 500 | | | | 8,877 | |
Mullen Group Limited | | | | | | | 6,400 | | | | 150,107 | |
Nabors Industries Limited † | | | | | | | 220,000 | | | | 3,249,400 | |
Oceaneering International Incorporated | | | | | | | 85,668 | | | | 4,586,665 | |
Oil States International Incorporated † | | | | | | | 39,140 | | | | 3,062,314 | |
Parker Drilling Company † | | | | | | | 245,565 | | | | 1,016,639 | |
Pason Systems Incorporated | | | | | | | 10,745 | | | | 162,197 | |
Patterson-UTI Energy Incorporated « | | | | | | | 102,879 | | | | 1,562,732 | |
Petrofac Limited | | | | | | | 25,283 | | | | 602,987 | |
Petroleum Geo-Services ASA | | | | | | | 19,980 | | | | 303,733 | |
Precision Drilling Corporation † | | | | | | | 20,412 | | | | 150,955 | |
Prosafe ASA | | | | | | | 26,130 | | | | 199,649 | |
Saipem SpA | | | | | | | 23,203 | | | | 1,101,724 | |
Sapurakencana Petroleum Berhad | | | | | | | 660,022 | | | | 500,641 | |
Savanna Energy Services Corporation | | | | | | | 11,539 | | | | 85,569 | |
SBM Offshore NV † | | | | | | | 17,972 | | | | 254,082 | |
Schlumberger Limited | | | | | | | 277,605 | | | | 20,093,050 | |
Schoeller-Bleckmann Oilfield Equipment AG | | | | | | | 1,839 | | | | 175,703 | |
Seacor Holdings Incorporated † | | | | | | | 38,570 | | | | 3,317,406 | |
Seadrill Limited | | | | | | | 29,254 | | | | 1,202,900 | |
ShawCor Limited Class A | | | | | | | 4,528 | | | | 159,577 | |
Shinko Plantech Company Limited | | | | | | | 4,000 | | | | 33,208 | |
Technip SA | | | | | | | 9,568 | | | | 1,007,780 | |
Tecnicas Reunidas SA | | | | | | | 2,168 | | | | 96,942 | |
Tenaris SA | | | | | | | 40,342 | | | | 839,783 | |
TGS Nopec Geophysical Company ASA | | | | | | | 10,707 | | | | 312,784 | |
Tidewater Incorporated | | | | | | | 34,340 | | | | 1,628,746 | |
TMK GDR Register Shares | | | | | | | 4,505 | | | | 61,944 | |
Toyo Kanetsu K. K. | | | | | | | 6,000 | | | | 12,644 | |
Transocean Limited | | | | | | | 73,668 | | | | 3,611,942 | |
Trican Well Service Limited | | | | | | | 16,245 | | | | 196,110 | |
Trinidad Drilling Limited | | | | | | | 7,400 | | | | 48,795 | |
Unit Corporation † | | | | | | | 31,100 | | | | 1,237,158 | |
Weatherford International Limited † | | | | | | | 156,639 | | | | 1,842,075 | |
WorleyParsons Limited | | | | | | | 36,573 | | | | 1,002,068 | |
| | | | |
| | | | | | | | | | | 98,727,714 | |
| | | | | | | | | | | | |
| | | | |
| 26 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Oil, Gas & Consumable Fuels: 6.22% | | | | | | | | | | | | |
0915988 B .C. Limited †(a) | | | | | | | 363 | | | $ | 0 | |
Adaro Energy TBK PT | | | | | | | 4,031,000 | | | | 579,179 | |
Advantage Oil & Gas Limited † | | | | | | | 8,522 | | | | 29,739 | |
AET&D Holdings No. 1 Limited †(a) | | | | | | | 20,314 | | | | 0 | |
Afren plc † | | | | | | | 100,824 | | | | 206,200 | |
Alliance Oil Company Limited † | | | | | | | 11,923 | | | | 91,643 | |
Alpha Natural Resources Incorporated † | | | | | | | 168,232 | | | | 999,298 | |
Altagas Limited | | | | | | | 11,048 | | | | 347,663 | |
Anadarko Petroleum Corporation | | | | | | | 102,500 | | | | 7,100,175 | |
AOC Holdings Incorporated | | | | | | | 2,300 | | | | 6,757 | |
Aquila Resources Limited † | | | | | | | 23,944 | | | | 56,897 | |
ARC Resources Limited « | | | | | | | 27,440 | | | | 648,873 | |
Athabasca Oil Corporation † | | | | | | | 44,000 | | | | 606,158 | |
Aurora Oil and Gas Limited † | | | | | | | 85,102 | | | | 285,750 | |
Australian Worldwide Exploration Limited | | | | | | | 77,909 | | | | 115,103 | |
Bankers Petroleum Limited † | | | | | | | 23,555 | | | | 64,040 | |
Banpu PCL | | | | | | | 14,200 | | | | 203,925 | |
Bayan Resources Group | | | | | | | 170,500 | | | | 217,260 | |
Baytex Energy Corporation « | | | | | | | 11,349 | | | | 516,936 | |
Beach Petroleum Limited | | | | | | | 233,283 | | | | 284,399 | |
Berry Petroleum Company Class A « | | | | | | | 97,100 | | | | 3,577,164 | |
BG Group plc | | | | | | | 320,496 | | | | 6,554,631 | |
Bharat Petroleum Corporation Limited | | | | | | | 64,558 | | | | 388,625 | |
Bill Barrett Corporation Ǡ | | | | | | | 84,800 | | | | 1,859,664 | |
Birchcliff Energy Limited † | | | | | | | 4,522 | | | | 30,919 | |
Blackpearl Resources Incorporated † | | | | | | | 33,021 | | | | 106,525 | |
Bonavista Energy Corporation « | | | | | | | 11,545 | | | | 193,598 | |
BP plc | | | | | | | 1,804,655 | | | | 12,646,987 | |
Brightoil Petroleum Holdings Limited | | | | | | | 514,000 | | | | 92,780 | |
Bumi Resources TBK PT | | | | | | | 4,613,358 | | | | 338,684 | |
Cabot Oil & Gas Corporation | | | | | | | 160,962 | | | | 6,665,436 | |
Cairn Energy plc | | | | | | | 48,348 | | | | 220,328 | |
Caltex Australia Limited | | | | | | | 22,940 | | | | 370,201 | |
Cameco Corporation | | | | | | | 37,200 | | | | 810,607 | |
Canadian Natural Resources Limited | | | | | | | 103,154 | | | | 3,138,309 | |
Canadian Oil Sands Limited | | | | | | | 45,830 | | | | 978,203 | |
Carrizo Oil & Gas Incorporated Ǡ | | | | | | | 70,146 | | | | 1,770,485 | |
Celtic Exploration Limited † | | | | | | | 11,766 | | | | 197,423 | |
Cenovus Energy Incorporated | | | | | | | 75,871 | | | | 2,486,060 | |
Chesapeake Energy Corporation « | | | | | | | 81,232 | | | | 1,571,839 | |
Chevron Corporation | | | | | | | 245,723 | | | | 27,560,292 | |
China Coal Energy Company | | | | | | | 813,962 | | | | 677,956 | |
China Petroleum & Chemical Corporation | | | | | | | 3,756,000 | | | | 3,535,196 | |
China Shenhua Energy Company Limited | | | | | | | 713,000 | | | | 2,597,006 | |
Cimarex Energy Company | | | | | | | 65,398 | | | | 3,741,420 | |
CNOOC Limited | | | | | | | 3,251,000 | | | | 6,153,299 | |
CNPC (Hong Kong) Limited | | | | | | | 556,000 | | | | 950,568 | |
Coal India Limited | | | | | | | 146,299 | | | | 924,347 | |
Comstock Resources Incorporated Ǡ | | | | | | | 92,602 | | | | 1,527,007 | |
Concho Resources Incorporated † | | | | | | | 81,728 | | | | 7,334,271 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 27 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Oil, Gas & Consumable Fuels (continued) | | | | | | | | | | | | |
Connacher Oil and Gas Limited † | | | | | | | 22,597 | | | $ | 9,513 | |
ConocoPhillips | | | | | | | 156,567 | | | | 8,891,440 | |
Continental Resources Incorporated † | | | | | | | 11,643 | | | | 862,281 | |
Corridor Resources Incorporated † | | | | | | | 1,363 | | | | 1,065 | |
Cosmo Oil Company Limited | | | | | | | 101,000 | | | | 193,499 | |
Crescent Point Energy Corporation « | | | | | | | 32,203 | | | | 1,339,083 | |
Crew Energy Incorporated † | | | | | | | 7,839 | | | | 49,861 | |
Dart Energy Limited † | | | | | | | 34,277 | | | | 6,729 | |
Denison Mines Corporation | | | | | | | 51,265 | | | | 71,768 | |
Devon Energy Corporation | | | | | | | 47,700 | | | | 2,758,491 | |
DNO ASA † | | | | | | | 102,500 | | | | 151,928 | |
Dragon Oil plc | | | | | | | 21,264 | | | | 199,150 | |
Ecopetrol SA Sponsored ADR « | | | | | | | 41,000 | | | | 2,371,850 | |
Enbridge Incorporated « | | | | | | | 66,900 | | | | 2,633,922 | |
Encana Corporation « | | | | | | | 77,134 | | | | 1,707,394 | |
Energen Corporation | | | | | | | 48,126 | | | | 2,456,832 | |
Energy Resources of Australia Limited † | | | | | | | 13,099 | | | | 18,270 | |
Enerplus Corporation « | | | | | | | 20,247 | | | | 319,187 | |
ENI SpA | | | | | | | 235,102 | | | | 5,210,433 | |
ENI SpA ADR | | | | | | | 9,439 | | | | 416,354 | |
EnQuest plc - Sweden Exchange † | | | | | | | 15,154 | | | | 27,460 | |
EnQuest plc - United Kingdom Exchange † | | | | | | | 32,662 | | | | 57,671 | |
EOG Resources Incorporated | | | | | | | 57,448 | | | | 6,221,618 | |
ERG SpA | | | | | | | 2,269 | | | | 15,383 | |
Essar Energy plc † | | | | | | | 28,005 | | | | 44,601 | |
Essar Oil Limited † | | | | | | | 207,514 | | | | 175,524 | |
Esso Thailand PCL | | | | | | | 26,300 | | | | 8,813 | |
Establissements Maurel et Prom | | | | | | | 5,783 | | | | 90,632 | |
EXCO Resources Incorporated « | | | | | | | 323,300 | | | | 2,214,605 | |
Exxon Mobil Corporation | | | | | | | 585,831 | | | | 51,143,046 | |
Fairborne Energy Limited † | | | | | | | 1,661 | | | | 2,224 | |
Forest Oil Corporation | | | | | | | 250,498 | | | | 1,856,190 | |
Formosa Petrochemical Corporation | | | | | | | 417,590 | | | | 1,190,684 | |
Frontline Limited « | | | | | | | 6,300 | | | | 19,546 | |
Galp Energia SGPS SA | | | | | | | 20,077 | | | | 301,645 | |
Gazprom ADR | | | | | | | 1,894,171 | | | | 18,447,331 | |
Golar LNG Limited | | | | | | | 2,733 | | | | 106,107 | |
Goodrich Petroleum Corporation † | | | | | | | 3,776 | | | | 47,955 | |
Gran Tierra Energy Incorporated † | | | | | | | 23,505 | | | | 104,440 | |
Grupa Lotos SA † | | | | | | | 10,126 | | | | 80,903 | |
GS Holdings Corporation | | | | | | | 10,834 | | | | 620,654 | |
Guide Exploration Limited Class A † | | | | | | | 1,079 | | | | 1,751 | |
Gulf Keystone Petroleum Limited † | | | | | | | 88,919 | | | | 290,146 | |
Harum Energy TBK PT | | | | | | | 262,000 | | | | 160,745 | |
Hellenic Petroleum SA | | | | | | | 2,590 | | | | 18,569 | |
Heritage Oil plc † | | | | | | | 26,070 | | | | 80,307 | |
Hess Corporation | | | | | | | 37,700 | | | | 1,904,981 | |
Hindustan Petroleum Corporation Limited | | | | | | | 41,399 | | | | 221,675 | |
HollyFrontier Corporation | | | | | | | 128,349 | | | | 5,171,181 | |
Hunting plc | | | | | | | 13,249 | | | | 167,563 | |
| | | | |
| 28 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Oil, Gas & Consumable Fuels (continued) | | | | | | | | | | | | |
Husky Energy Incorporated « | | | | | | | 26,600 | | | $ | 703,487 | |
Idemitsu Kosan Company Limited | | | | | | | 5,400 | | | | 433,821 | |
Imperial Oil Limited « | | | | | | | 23,700 | | | | 1,082,158 | |
Indian Oil Corporation Limited | | | | | | | 127,246 | | | | 554,850 | |
Indika Energy TBK PT | | | | | | | 202,500 | | | | 32,493 | |
Indo Tambangraya Megah TBK PT | | | | | | | 86,500 | | | | 346,544 | |
Inpex Holdings Incorporated | | | | | | | 474 | | | | 2,694,042 | |
IRPC PCL | | | | | | | 974,221 | | | | 116,900 | |
Itochu Enex Company Limited | | | | | | | 6,000 | | | | 32,033 | |
Ivanhoe Energy Incorporated † | | | | | | | 8,964 | | | | 6,366 | |
Japan Petroleum Exploration Company | | | | | | | 7,300 | | | | 283,441 | |
JX Holdings Incorporated | | | | | | | 462,300 | | | | 2,391,360 | |
Karoon Gas Australia Limited † | | | | | | | 31,102 | | | | 128,532 | |
Keyera Corporation « | | | | | | | 7,024 | | | | 320,649 | |
Kodiak Oil & Gas Corporation Ǡ | | | | | | | 491,300 | | | | 4,392,222 | |
Linc Energy Limited † | | | | | | | 27,942 | | | | 15,300 | |
Lukoil ADR † | | | | | | | 167,093 | | | | 9,498,184 | |
Lundin Petroleum AB † | | | | | | | 23,462 | | | | 529,668 | |
Mangalore Refinery & Petrochemicals Limited | | | | | | | 21,310 | | | | 23,695 | |
Marathon Oil Corporation | | | | | | | 88,061 | | | | 2,449,857 | |
Marathon Petroleum Corporation | | | | | | | 41,950 | | | | 2,170,913 | |
Maurel & Prom Nigeria † | | | | | | | 5,783 | | | | 15,057 | |
Meg Energy Corporation † | | | | | | | 10,300 | | | | 405,626 | |
MOL Hungarian Oil & Gas plc | | | | | | | 8,765 | | | | 645,003 | |
Mongolia Energy Company Limited † | | | | | | | 277,000 | | | | 11,964 | |
Motor Oil (Hellas) Corinth Refineries SA | | | | | | | 681 | | | | 4,077 | |
Murphy Oil Corporation | | | | | | | 22,200 | | | | 1,139,526 | |
Neste Oil Oyj Limited | | | | | | | 15,503 | | | | 178,617 | |
New Hope Corporation Limited | | | | | | | 33,755 | | | | 151,353 | |
New Zealand Oil & Gas Limited | | | | | | | 18,285 | | | | 12,340 | |
Newfield Exploration Company † | | | | | | | 93,800 | | | | 3,060,694 | |
Nexen Incorporated | | | | | | | 49,700 | | | | 1,249,370 | |
Niko Resource Limited | | | | | | | 5,137 | | | | 74,156 | |
Nippon Gas Company Limited | | | | | | | 3,300 | | | | 44,677 | |
Noble Energy Incorporated | | | | | | | 36,297 | | | | 3,190,506 | |
Novatek Oao Spons GDR | | | | | | | 27,002 | | | | 3,042,386 | |
NuVista Energy Limited † | | | | | | | 3,905 | | | | 17,351 | |
Oasis Petroleum Incorporated Ǡ | | | | | | | 51,000 | | | | 1,495,830 | |
Occidental Petroleum Corporation | | | | | | | 168,462 | | | | 14,320,955 | |
OGX Petroleo e Gas Participacoes SA † | | | | | | | 686,200 | | | | 2,129,691 | |
Oil & Natural Gas Corporation Limited | | | | | | | 494,798 | | | | 2,454,198 | |
Oil India Limited | | | | | | | 23,455 | | | | 207,880 | |
Oil Refineries Limited † | | | | | | | 37,539 | | | | 14,120 | |
Oil Search Limited | | | | | | | 214,008 | | | | 1,662,689 | |
OMV AG | | | | | | | 14,891 | | | | 494,001 | |
Origin Energy Limited | | | | | | | 187,799 | | | | 2,308,891 | |
PA Resources AB † | | | | | | | 20,295 | | | | 2,513 | |
Pace Oil & Gas Limited † | | | | | | | 1,571 | | | | 4,526 | |
Pacific Rubiales Energy Corporation | | | | | | | 24,307 | | | | 594,267 | |
Paladin Energy Limited † | | | | | | | 189,449 | | | | 257,384 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 29 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Oil, Gas & Consumable Fuels (continued) | | | | | | | | | | | | |
Paz Oil Company Limited | | | | | | | 173 | | | $ | 17,208 | |
Pembina Pipeline Corporation « | | | | | | | 24,455 | | | | 662,884 | |
Pengrowth Energy Corporation « | | | | | | | 42,515 | | | | 287,243 | |
Penn West Petroleum Limited « | | | | | | | 42,170 | | | | 598,059 | |
PetroBakken Energy Limited « | | | | | | | 6,200 | | | | 81,765 | |
Petrobank Energy & Resources Limited † | | | | | | | 6,135 | | | | 76,987 | |
Petrobras Energia SA † | | | | | | | 1,769 | | | | 14,258 | |
PetroChina Company Limited | | | | | | | 4,570,000 | | | | 5,509,254 | |
Petroleo Brasileiro SA | | | | | | | 699,945 | | | | 7,344,612 | |
Petrominerales Limited | | | | | | | 3,768 | | | | 35,587 | |
Petronas Dagangan Berhad | | | | | | | 45,300 | | | | 324,762 | |
Petronet LNG Limited | | | | | | | 93,589 | | | | 256,076 | |
Peyto Exploration & Development Corporation « | | | | | | | 13,213 | | | | 273,844 | |
Phillips 66 | | | | | | | 75,783 | | | | 3,182,886 | |
Pioneer Natural Resources Company | | | | | | | 24,400 | | | | 2,375,584 | |
Polish Oil & Gas † | | | | | | | 309,726 | | | | 380,347 | |
Polski Koncern Naftowy Orlen SA † | | | | | | | 61,411 | | | | 723,561 | |
Premier Oil plc † | | | | | | | 62,107 | | | | 368,728 | |
Progress Energy Resources Corporation | | | | | | | 18,972 | | | | 422,840 | |
PTT Exploration & Production PCL ADR | | | | | | | 174,300 | | | | 828,808 | |
PTT PCL Foreign | | | | | | | 127,200 | | | | 1,339,588 | |
QEP Resources Incorporated | | | | | | | 119,149 | | | | 3,418,385 | |
Questerre Energy Corporation †(a) | | | | | | | 8,414 | | | | 5,630 | |
Range Resources Corporation | | | | | | | 126,945 | | | | 8,275,545 | |
Reliance Industries Limited | | | | | | | 347,437 | | | | 4,786,979 | |
Reliance Industries Limited GDR 144A | | | | | | | 2,006 | | | | 54,864 | |
Repsol YPF SA | | | | | | | 66,450 | | | | 1,223,205 | |
Roc Oil Company Limited † | | | | | | | 8,115 | | | | 2,641 | |
Rosetta Resources Incorporated † | | | | | | | 99,500 | | | | 4,272,530 | |
Rosneft OJSC GDR | | | | | | | 394,530 | | | | 2,353,253 | |
Royal Dutch Shell plc A Shares - Netherlands Exchange | | | | | | | 69,466 | | | | 2,429,880 | |
Royal Dutch Shell plc A Shares - United Kingdom Exchange | | | | | | | 290,748 | | | | 10,175,086 | |
Royal Dutch Shell plc B Shares | | | | | | | 252,808 | | | | 9,118,288 | |
S-Oil Corporation | | | | | | | 8,742 | | | | 793,589 | |
SandRidge Energy Incorporated Ǡ | | | | | | | 255,550 | | | | 1,678,964 | |
Santos Limited | | | | | | | 158,625 | | | | 1,840,410 | |
Saras SpA † | | | | | | | 12,269 | | | | 13,279 | |
Sasol Limited | | | | | | | 104,839 | | | | 4,525,556 | |
Shell Refining Company Berhad (Malaysia) | | | | | | | 14,200 | | | | 41,357 | |
Showa Shell Sekiyu KK | | | | | | | 26,200 | | | | 134,857 | |
Silverwillow Energy Corporation † | | | | | | | 1,901 | | | | 2,025 | |
Sinanen Company Limited | | | | | | | 2,000 | | | | 8,506 | |
SK Energy Company Limited | | | | | | | 12,362 | | | | 1,781,370 | |
SM Energy Company | | | | | | | 50,400 | | | | 2,380,392 | |
SOCO International plc † | | | | | | | 30,069 | | | | 160,805 | |
Southwestern Energy Company Ǡ | | | | | | | 72,413 | | | | 2,254,217 | |
Spectra Energy Corporation | | | | | | | 79,312 | | | | 2,241,357 | |
Statoil ASA | | | | | | | 99,008 | | | | 2,542,105 | |
Storm Resources Limited † | | | | | | | 281 | | | | 428 | |
Straits Asia Resources Limited | | | | | | | 119,000 | | | | 178,524 | |
| | | | |
| 30 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Oil, Gas & Consumable Fuels (continued) | | | | | | | | | | | | |
Suncor Energy Incorporated | | | | | | | 147,387 | | | $ | 4,606,638 | |
Surgutneftegaz | | | | | | | 269,016 | | | | 1,721,702 | |
Surgutneftegaz ADR Ǡ | | | | | | | 677,960 | | | | 5,847,744 | |
Talisman Energy Incorporated | | | | | | | 97,600 | | | | 1,356,449 | |
Tambang Batubara Bukit Asam TBK PT | | | | | | | 159,500 | | | | 244,227 | |
Tatneft Sponsored ADR | | | | | | | 63,100 | | | | 2,408,527 | |
Teekay Corporation | | | | | | | 76,100 | | | | 2,251,038 | |
Tesoro Corporation | | | | | | | 96,300 | | | | 3,826,962 | |
Thai Oil PCL | | | | | | | 104,800 | | | | 219,065 | |
Tonengeneral Sekiyu KK | | | | | | | 50,000 | | | | 422,760 | |
Total SA | | | | | | | 213,940 | | | | 10,684,366 | |
Tourmaline Oil Corporation † | | | | | | | 11,783 | | | | 329,673 | |
TransCanada Corporation « | | | | | | | 66,600 | | | | 2,999,787 | |
Transglobe Energy Corporation † | | | | | | | 11,093 | | | | 113,546 | |
Tullow Oil plc | | | | | | | 85,595 | | | | 1,852,482 | |
Tupras Turkiye Petrol Rafinerileri AS | | | | | | | 26,905 | | | | 615,242 | |
Uranium One Incorporated † | | | | | | | 49,462 | | | | 118,418 | |
Valero Energy Corporation | | | | | | | 74,451 | | | | 2,327,338 | |
Veresen Incorporated | | | | | | | 17,802 | | | | 236,036 | |
Vermilion Energy Incorporated « | | | | | | | 9,494 | | | | 432,539 | |
Walter Energy Incorporated | | | | | | | 40,100 | | | | 1,311,270 | |
Whitehaven Coal Limited | | | | | | | 113,230 | | | | 382,536 | |
Williams Companies Incorporated | | | | | | | 77,200 | | | | 2,491,244 | |
Woodside Petroleum Limited | | | | | | | 110,415 | | | | 3,912,780 | |
World Fuel Services Corporation « | | | | | | | 129,682 | | | | 4,825,467 | |
WPX Energy Incorporated † | | | | | | | 128,938 | | | | 2,011,433 | |
Yanchang Petroleum International Limited † | | | | | | | 280,000 | | | | 19,134 | |
Yanzhou Coal Mining Company Limited | | | | | | | 442,000 | | | | 630,293 | |
| | | | |
| | | | | | | | | | | 449,216,592 | |
| | | | | | | | | | | | |
| | | | |
Financials: 19.75% | | | | | | | | | | | | |
| | | | |
| Capital Markets: 1.08% | | | | | | | | | | | | |
3I Group plc | | | | | | | 77,072 | | | | 251,733 | |
Aberdeen Asset Management plc | | | | | | | 83,965 | | | | 371,574 | |
Affiliated Managers Group Incorporated † | | | | | | | 40,686 | | | | 4,785,487 | |
AGF Management Limited | | | | | | | 6,067 | | | | 70,041 | |
Allied Properties (H.K.) Limited | | | | | | | 297,208 | | | | 38,703 | |
Ameriprise Financial Incorporated | | | | | | | 28,304 | | | | 1,554,173 | |
Apollo Investment Corporation | | | | | | | 1 | | | | 8 | |
Ashmore Group plc | | | | | | | 39,880 | | | | 208,334 | |
Asia Plus Securities PCL | | | | | | | 636,000 | | | | 46,277 | |
Azimut Holding SpA | | | | | | | 6,204 | | | | 65,861 | |
Bank of New York Mellon Corporation « | | | | | | | 153,156 | | | | 3,452,136 | |
Bank Sarasin & Cie AG † | | | | | | | 1,790 | | | | 50,529 | |
BinckBank NV | | | | | | | 15,559 | | | | 110,121 | |
BlackRock Incorporated | | | | | | | 12,274 | | | | 2,164,765 | |
Brewin Dolphin Holding plc | | | | | | | 8,704 | | | | 20,551 | |
Canaccord Financial Incorporated | | | | | | | 5,064 | | | | 25,840 | |
Capital Securities Corporation | | | | | | | 362,713 | | | | 122,919 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 31 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Capital Markets (continued) | | | | | | | | | | | | |
CI Financial Corporation | | | | | | | 14,903 | | | $ | 335,327 | |
Close Brothers Group plc | | | | | | | 13,950 | | | | 172,663 | |
Credit Suisse Group | | | | | | | 102,633 | | | | 1,982,353 | |
Daewoo Securities Company Limited | | | | | | | 41,552 | | | | 411,995 | |
Daiwa Securities Group Incorporated | | | | | | | 307,000 | | | | 1,109,662 | |
Deutsche Bank AG | | | | | | | 87,272 | | | | 3,103,767 | |
Dundee Corporation Class A † | | | | | | | 3,983 | | | | 92,368 | |
Eaton Vance Corporation « | | | | | | | 78,600 | | | | 2,129,274 | |
EFG International | | | | | | | 1,432 | | | | 10,875 | |
Egyptian Financial Group-Hermes Holding † | | | | | | | 44,708 | | | | 88,863 | |
Eurazeo | | | | | | | 2,169 | | | | 95,445 | |
Federated Investors Incorporated Class B « | | | | | | | 74,114 | | | | 1,572,699 | |
Franklin Resources Incorporated | | | | | | | 31,540 | | | | 3,702,796 | |
Fuhwa Financial Holdings Company Limited | | | | | | | 1,967,763 | | | | 913,222 | |
GAM Holding AG | | | | | | | 21,185 | | | | 250,749 | |
GCA Savvian Group Corporation | | | | | | | 9 | | | | 9,024 | |
GMP Capital Incorporated | | | | | | | 3,500 | | | | 18,641 | |
Goldman Sachs Group Incorporated | | | | | | | 51,343 | | | | 5,427,982 | |
Greenhill & Company Incorporated « | | | | | | | 52,424 | | | | 2,288,308 | |
HAITONG Securities Company Limited † | | | | | | | 277,600 | | | | 304,589 | |
Hargreaves Lansdown plc | | | | | | | 24,237 | | | | 238,990 | |
Henderson Group plc | | | | | | | 86,176 | | | | 145,182 | |
Hyundai Securities Company | | | | | | | 21,587 | | | | 161,338 | |
ICAP plc | | | | | | | 54,134 | | | | 273,085 | |
Ichiyoshi Securities Company Limited | | | | | | | 1,500 | | | | 7,376 | |
IGM Financial Incorporated « | | | | | | | 10,400 | | | | 399,963 | |
Intermediate Capital Group plc | | | | | | | 41,679 | | | | 186,562 | |
Invesco Limited | | | | | | | 306,362 | | | | 7,254,652 | |
Investec Limited | | | | | | | 52,895 | | | | 320,719 | |
Investec plc | | | | | | | 67,150 | | | | 400,267 | |
IOOF Holdings Limited | | | | | | | 40,299 | | | | 254,389 | |
Iwai Securities Company Limited | | | | | | | 1,000 | | | | 3,576 | |
JAFCO Company Limited | | | | | | | 6,600 | | | | 126,276 | |
Janus Capital Group Incorporated « | | | | | | | 404,996 | | | | 3,531,565 | |
Julius Baer Group Limited | | | | | | | 17,816 | | | | 585,407 | |
Kabu.com Securities Company Limited | | | | | | | 9,400 | | | | 26,893 | |
KGI Securities (Thailand) PCL | | | | | | | 848,000 | | | | 56,290 | |
Knight Capital Group Incorporated † | | | | | | | 219,900 | | | | 606,924 | |
Korea Investment Holdings Company Limited | | | | | | | 6,804 | | | | 228,774 | |
Legg Mason Incorporated « | | | | | | | 86,100 | | | | 2,116,338 | |
Macquarie Group Limited | | | | | | | 67,026 | | | | 1,859,998 | |
Man Group plc | | | | | | | 137,925 | | | | 156,150 | |
Marusan Securities Company Limited | | | | | | | 2,000 | | | | 6,258 | |
Masterlink Securities Corporation | | | | | | | 131,000 | | | | 39,233 | |
Matsui Securities Company Limited | | | | | | | 20,600 | | | | 126,292 | |
Mediobanca SpA | | | | | | | 32,109 | | | | 150,319 | |
Mirae Asset Securities Company Limited | | | | | | | 3,004 | | | | 81,810 | |
Mito Securities Company Limited | | | | | | | 3,000 | | | | 5,134 | |
MLP AG | | | | | | | 1,057 | | | | 6,117 | |
Monex Beans Holdings Incorporated | | | | | | | 172 | | | | 30,031 | |
| | | | |
| 32 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Capital Markets (continued) | | | | | | | | | | | | |
Morgan Stanley | | | | | | | 163,152 | | | $ | 2,447,280 | |
Nomura Holdings Incorporated | | | | | | | 611,200 | | | | 2,014,044 | |
Nomura Holdings Incorporated ADR | | | | | | | 30,500 | | | | 101,565 | |
Northern Trust Corporation | | | | | | | 25,000 | | | | 1,161,000 | |
Okasan Holdings Incorporated | | | | | | | 45,000 | | | | 152,309 | |
Partners Group | | | | | | | 1,488 | | | | 286,472 | |
Perpetual Trustees Australia Limited | | | | | | | 6,813 | | | | 186,389 | |
Pioneers Holding † | | | | | | | 11,002 | | | | 8,347 | |
Platinum Asset Management Limited | | | | | | | 30,681 | | | | 111,260 | |
Polytec Asset Holdings Limited | | | | | | | 100,000 | | | | 8,896 | |
President Securities Corporation | | | | | | | 352,467 | | | | 181,229 | |
Rathbone Brothers | | | | | | | 6,015 | | | | 122,156 | |
Ratos AB B Shares | | | | | | | 21,869 | | | | 195,996 | |
Raymond James Financial Incorporated | | | | | | | 72,707 | | | | 2,559,286 | |
Richemont SA † | | | | | | | 1,457 | | | | 26,206 | |
RMI Holdings | | | | | | | 77,231 | | | | 174,627 | |
Samsung Securities Company Limited | | | | | | | 11,761 | | | | 503,247 | |
SBI Holdings Incorporated | | | | | | | 3,916 | | | | 238,326 | |
Schroders plc | | | | | | | 11,497 | | | | 259,411 | |
Schroders plc (Non-Voting) | | | | | | | 4,395 | | | | 80,952 | |
SEI Investments Company « | | | | | | | 100,800 | | | | 2,192,400 | |
State Street Corporation | | | | | | | 60,400 | | | | 2,512,640 | |
Stifel Financial Corporation Ǡ | | | | | | | 97,752 | | | | 3,194,535 | |
Tokai Tokyo Securities Company Limited | | | | | | | 52,000 | | | | 167,367 | |
Tong Yang Investment Bank | | | | | | | 7,124 | | | | 24,393 | |
Tullett Prebon plc | | | | | | | 11,401 | | | | 52,499 | |
UOB-Kay Hian Holdings Limited | | | | | | | 49,000 | | | | 63,289 | |
Value Partners Group Limited | | | | | | | 67,000 | | | | 28,507 | |
Virtus Investment Partners Incorporated † | | | | | | | 1 | | | | 86 | |
Vontobel Holdings AG | | | | | | | 3,142 | | | | 71,746 | |
Waddell & Reed Financial Incorporated | | | | | | | 55,500 | | | | 1,642,800 | |
Waterland Financial Holdings | | | | | | | 646,087 | | | | 194,143 | |
Woori Investment & Securities Company Limited | | | | | | | 32,427 | | | | 317,232 | |
| | | | |
| | | | | | | | | | | 78,026,197 | |
| | | | | | | | | | | | |
| | | | |
| Commercial Banks: 7.20% | | | | | | | | | | | | |
77 Bank Limited | | | | | | | 73,000 | | | | 278,779 | |
Absa Group Limited | | | | | | | 66,323 | | | | 1,122,747 | |
Affin Holdings Berhad | | | | | | | 72,100 | | | | 80,303 | |
Agricultural Bank of China Limited | | | | | | | 5,111,000 | | | | 1,884,677 | |
Agricultural Bank of Greece †(a) | | | | | | | 342 | | | | 0 | |
Akbank TAS | | | | | | | 406,716 | | | | 1,605,223 | |
Allahabad Bank | | | | | | | 22,824 | | | | 48,848 | |
Alpha Bank AE † | | | | | | | 31,560 | | | | 53,590 | |
Andhra Bank | | | | | | | 30,160 | | | | 48,907 | |
Aozora Bank Limited | | | | | | | 99,000 | | | | 294,617 | |
Associated Banc-Corp | | | | | | | 376,005 | | | | 4,873,025 | |
Asya Katilim Bankasi AS † | | | | | | | 48,136 | | | | 50,803 | |
Australia & New Zealand Banking Group Limited « | | | | | | | 485,220 | | | | 12,442,387 | |
Axis Bank Limited | | | | | | | 57,736 | | | | 1,029,439 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 33 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Commercial Banks (continued) | | | | | | | | | | | | |
Banca Carige SpA | | | | | | | 33,259 | | | $ | 26,815 | |
Banca Monte Dei Paschi di Siena SpA † | | | | | | | 607,309 | | | | 171,108 | |
Banca Piccolo Credito Valtellinese Scarl | | | | | | | 9,849 | | | | 14,259 | |
Banca Popolare dell’Emilia Romagna Scarl | | | | | | | 26,943 | | | | 147,010 | |
Banca Popolare dell’Etruria e del Lazio † | | | | | | | 1,290 | | | | 1,723 | |
Banca Popolare di Milano Scarl † | | | | | | | 484,767 | | | | 250,542 | |
Banca Popolare di Sondrio Scarl | | | | | | | 24,645 | | | | 141,043 | |
Banco Bilbao Vizcaya Argentaria SA | | | | | | | 464,681 | | | | 3,549,521 | |
Banco BPI SA † | | | | | | | 13,638 | | | | 10,086 | |
Banco Bradesco SA | | | | | | | 107,882 | | | | 1,440,269 | |
Banco Comercial Portugues SA †« | | | | | | | 381,266 | | | | 41,721 | |
Banco Continental Peru | | | | | | | 22,401 | | | | 54,040 | |
Banco de Brasil SA | | | | | | | 260,085 | | | | 2,969,984 | |
Banco de Chile | | | | | | | 6,749,247 | | | | 948,579 | |
Banco de Credito del Peru | | | | | | | 4,012 | | | | 9,525 | |
Banco de Credito e Inversiones | | | | | | | 9,706 | | | | 612,246 | |
Banco de Sabade | | | | | | | 241,252 | | | | 697,928 | |
Banco de Valencia SA † | | | | | | | 11,615 | | | | 2,922 | |
Banco Espanol de Credito SA | | | | | | | 3,199 | | | | 9,733 | |
Banco Espirito Santo SA † | | | | | | | 131,378 | | | | 91,547 | |
Banco Itau Holding Financeira SA | | | | | | | 160,900 | | | | 2,242,407 | |
Banco Macro SA † | | | | | | | 2,243 | | | | 28,082 | |
Banco Popolare SpA † | | | | | | | 138,887 | | | | 202,643 | |
Banco Popular Espanol SA « | | | | | | | 129,815 | | | | 296,029 | |
Banco Santander Brasil SA | | | | | | | 120,314 | | | | 924,626 | |
Banco Santander Central Hispano SA | | | | | | | 817,683 | | | | 5,831,493 | |
Banco Santander Central Hispano SA ADR « | | | | | | | 76,232 | | | | 536,673 | |
Banco Santander Chile SA | | | | | | | 12,904,355 | | | | 924,292 | |
BancorpSouth Incorporated « | | | | | | | 170,973 | | | | 2,520,142 | |
Bangkok Bank PCL | | | | | | | 67,100 | | | | 402,579 | |
Bangkok Bank PCL (Non-Voting) | | | | | | | 31,000 | | | | 190,937 | |
Bank Central Asia TBK PT | | | | | | | 2,685,500 | | | | 2,182,761 | |
Bank CIMB Niaga TBK PT | | | | | | | 220,500 | | | | 26,825 | |
Bank Handlowy w Warszawie SA | | | | | | | 8,631 | | | | 203,646 | |
Bank Hapoalim Limited † | | | | | | | 105,587 | | | | 324,826 | |
Bank Leumi Le-Israel † | | | | | | | 148,085 | | | | 339,370 | |
Bank Mandiri Persero TBK PT | | | | | | | 1,933,712 | | | | 1,581,851 | |
Bank Millennium SA † | | | | | | | 60,124 | | | | 63,674 | |
Bank Negara Indonesia Persero TBK PT | | | | | | | 1,593,000 | | | | 622,331 | |
Bank of Ayudhya PCL | | | | | | | 424,600 | | | | 436,999 | |
Bank of Baroda | | | | | | | 25,294 | | | | 287,317 | |
Bank of China Limited | | | | | | | 14,391,100 | | | | 5,232,486 | |
Bank of Communications Limited | | | | | | | 1,416,350 | | | | 925,856 | |
Bank of Cyprus Public Company Limited † | | | | | | | 115,392 | | | | 24,674 | |
Bank of East Asia Limited « | | | | | | | 256,485 | | | | 934,212 | |
Bank of Greece | | | | | | | 900 | | | | 11,490 | |
Bank of Hawaii Corporation « | | | | | | | 99,517 | | | | 4,600,671 | |
Bank of India | | | | | | | 22,645 | | | | 103,933 | |
Bank of Ireland - European Exchange † | | | | | | | 346,365 | | | | 38,338 | |
Bank of Ireland - London Exchange † | | | | | | | 786,075 | | | | 86,019 | |
| | | | |
| 34 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Commercial Banks (continued) | | | | | | | | | | | | |
Bank of Kyoto Limited | | | | | | | 68,000 | | | $ | 539,345 | |
Bank of Montreal « | | | | | | | 61,935 | | | | 3,620,284 | |
Bank of Nova Scotia « | | | | | | | 106,505 | | | | 5,645,332 | |
Bank of Queensland Limited | | | | | | | 45,713 | | | | 356,574 | |
Bank of the Philippine Islands | | | | | | | 314,811 | | | | 561,160 | |
Bank of the Ryukyus Limited | | | | | | | 3,200 | | | | 41,239 | |
Bank of Yokohama Limited | | | | | | | 229,000 | | | | 1,061,715 | |
Bank Pekao SA | | | | | | | 23,659 | | | | 1,075,052 | |
Bank Przemyslowo Handlowy PBK † | | | | | | | 309 | | | | 3,747 | |
Bank Rakyat Indonesia | | | | | | | 2,079,000 | | | | 1,515,370 | |
Bankia SA †« | | | | | | | 84,853 | | | | 152,194 | |
Bankinter SA | | | | | | | 11,187 | | | | 42,129 | |
Banque Cantonale Vaudoise Waadtlaender Kantonalbank | | | | | | | 244 | | | | 129,450 | |
Barclays plc | | | | | | | 1,141,432 | | | | 3,321,267 | |
BBVA Banco Frances SA † | | | | | | | 4,348 | | | | 15,435 | |
BDO Unibank Incorporated | | | | | | | 350,788 | | | | 508,987 | |
Bendigo Bank Limited | | | | | | | 58,401 | | | | 457,354 | |
Berner Kantonalbank AG | | | | | | | 648 | | | | 170,366 | |
BNP Paribas SA « | | | | | | | 93,440 | | | | 4,061,209 | |
BNP Paribas SA ADR | | | | | | | 15,636 | | | | 337,738 | |
BOC Hong Kong Holdings Limited | | | | | | | 765,500 | | | | 2,423,046 | |
BOK Financial Corporation « | | | | | | | 17,862 | | | | 1,028,315 | |
Branch Banking & Trust Corporation | | | | | | | 85,197 | | | | 2,687,113 | |
BRE Bank SA † | | | | | | | 3,102 | | | | 285,557 | |
Bumiputra Commerce Holdings Berhad | | | | | | | 896,500 | | | | 2,235,153 | |
Canadian Imperial Bank of Commerce « | | | | | | | 38,100 | | | | 2,946,348 | |
Canadian Western Bank « | | | | | | | 8,239 | | | | 235,113 | |
Canara Bank | | | | | | | 13,142 | | | | 75,155 | |
Capital Source Incorporated | | | | | | | 601,629 | | | | 4,169,289 | |
Cathay General Bancorp | | | | | | | 171,209 | | | | 2,802,691 | |
Chang Hwa Commercial Bank | | | | | | | 1,036,947 | | | | 534,901 | |
Chiba Bank Limited | | | | | | | 168,000 | | | | 972,016 | |
China Banking Corporation | | | | | | | 12,126 | | | | 137,414 | |
China CITIC Bank | | | | | | | 1,655,000 | | | | 789,523 | |
China Construction Bank | | | | | | | 15,136,990 | | | | 9,953,474 | |
China Development Financial Holding Corporation † | | | | | | | 2,102,338 | | | | 498,367 | |
China Merchants Bank Company Limited | | | | | | | 909,858 | | | | 1,569,621 | |
China Minsheng Banking Corporation Limited | | | | | | | 1,042,900 | | | | 849,816 | |
China Trust Financial Holding Company Limited | | | | | | | 2,104,497 | | | | 1,257,738 | |
Chukyo Bank Limited | | | | | | | 20,000 | | | | 47,002 | |
CIT Group Incorporated † | | | | | | | 157,642 | | | | 5,952,562 | |
Citigroup Incorporated | | | | | | | 366,379 | | | | 10,885,120 | |
City National Corporation | | | | | | | 31,500 | | | | 1,617,525 | |
Comerica Incorporated | | | | | | | 130,309 | | | | 4,001,789 | |
Commerce Bancshares Incorporated | | | | | | | 58,880 | | | | 2,368,742 | |
Commercial International Bank | | | | | | | 103,757 | | | | 511,581 | |
Commerzbank AG † | | | | | | | 352,413 | | | | 558,514 | |
Commonwealth Bank of Australia | | | | | | | 280,103 | | | | 15,841,116 | |
CorpBanca NPV | | | | | | | 23,895,242 | | | | 284,840 | |
Corporation Bank | | | | | | | 14,460 | | | | 95,806 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 35 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Commercial Banks (continued) | | | | | | | | | | | | |
Credicorp Limited | | | | | | | 10,923 | | | $ | 1,316,549 | |
Credit Agricole Ile de France | | | | | | | 154 | | | | 9,026 | |
Credit Agricole SA † | | | | | | | 96,242 | | | | 561,445 | |
Credito Emiliano SpA | | | | | | | 1,169 | | | | 4,973 | |
Cullen Frost Bankers Incorporated « | | | | | | | 38,553 | | | | 2,143,547 | |
Dah Sing Banking Group Limited | | | | | | | 32,948 | | | | 30,161 | |
Dah Sing Financial Holdings Limited | | | | | | | 13,995 | | | | 47,095 | |
Danske Bank † | | | | | | | 59,679 | | | | 1,037,607 | |
DBS Group Holdings Limited | | | | | | | 298,784 | | | �� | 3,463,641 | |
Dexia † | | | | | | | 39,586 | | | | 9,958 | |
DGB Financial Group Incorporated | | | | | | | 22,804 | | | | 263,287 | |
DnB Nor ASA | | | | | | | 85,061 | | | | 977,519 | |
E.SUN Financial Holding Company Limited | | | | | | | 1,058,519 | | | | 590,206 | |
East West Bancorp Incorporated | | | | | | | 311,820 | | | | 6,841,331 | |
EFG Eurobank Ergasias SA † | | | | | | | 31,520 | | | | 26,880 | |
EnTie Commercial Bank | | | | | | | 63,977 | | | | 26,701 | |
Erste Bank Der Oesterreichischen Sparkassen AG † | | | | | | | 24,645 | | | | 497,836 | |
Far Eastern International Bank | | | | | | | 533,924 | | | | 212,136 | |
Federal Bank Limited | | | | | | | 22,890 | | | | 167,256 | |
FIBI Holdings Limited † | | | | | | | 970 | | | | 11,504 | |
Fifth Third Bancorp | | | | | | | 111,300 | | | | 1,685,082 | |
Finansbank AS Turkey † | | | | | | | 30,470 | | | | 57,952 | |
First Financial Bankshare « | | | | | | | 66,900 | | | | 2,326,782 | |
First Financial Holding Company Limited | | | | | | | 1,467,512 | | | | 850,100 | |
First Horizon National Corporation | | | | | | | 552,512 | | | | 4,950,508 | |
First Midwest Bancorp Incorporated | | | | | | | 150,106 | | | | 1,772,752 | |
First Niagara Financial Group Incorporated | | | | | | | 239,345 | | | | 1,888,432 | |
First Republic Bank | | | | | | | 55,644 | | | | 1,819,002 | |
FirstMerit Corporation « | | | | | | | 239,246 | | | | 3,753,770 | |
FNB Corporation PA « | | | | | | | 306,216 | | | | 3,353,065 | |
Fukuoka Financial Group Incorporated | | | | | | | 173,000 | | | | 680,554 | |
Fulton Financial Corporation | | | | | | | 435,240 | | | | 4,234,885 | |
Get Bank SA † | | | | | | | 147,298 | | | | 66,665 | |
Getin Holding SA | | | | | | | 50,326 | | | | 24,295 | |
Glacier Bancorp Incorporated | | | | | | | 157,866 | | | | 2,432,715 | |
Greek Postal Savings Bank † | | | | | | | 8,178 | | | | 1,728 | |
Grupo Financiero Banorte SA de CV | | | | | | | 414,200 | | | | 2,108,675 | |
Grupo Financiero Inbursa SA de CV | | | | | | | 419,964 | | | | 1,094,137 | |
Gunma Bank Limited | | | | | | | 76,000 | | | | 399,923 | |
Hana Financial Group Incorporated | | | | | | | 45,904 | | | | 1,371,507 | |
Hancock Holding Company | | | | | | | 169,032 | | | | 5,010,108 | |
Hang Seng Bank Limited | | | | | | | 129,600 | | | | 1,844,757 | |
HDFC Bank Limited | | | | | | | 223,205 | | | | 2,388,946 | |
HDFC Bank Limited ADR « | | | | | | | 21,985 | | | | 738,256 | |
Higashi-Nippon Bank Limited | | | | | | | 24,000 | | | | 53,030 | |
Hokuhoku Financial Group Incorporated | | | | | | | 305,000 | | | | 459,672 | |
Hong Leong Bank Berhad | | | | | | | 79,560 | | | | 342,226 | |
Hong Leong Financial Group Berhad | | | | | | | 68,900 | | | | 265,500 | |
HSBC Holdings plc | | | | | | | 1,710,701 | | | | 14,861,087 | |
Hua Nan Financial Holdings Company Limited | | | | | | | 1,509,496 | | | | 811,422 | |
| | | | |
| 36 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Commercial Banks (continued) | | | | | | | | | | | | |
Huntington Bancshares Incorporated | | | | | | | 600,496 | | | $ | 3,963,274 | |
ICICI Bank Limited | | | | | | | 108,234 | | | | 1,755,385 | |
ICICI Bank Limited ADR | | | | | | | 16,121 | | | | 524,416 | |
Indian Bank | | | | | | | 21,174 | | | | 58,773 | |
Indian Overseas Bank | | | | | | | 27,110 | | | | 33,263 | |
Indusind Bank Limited | | | | | | | 72,165 | | | | 410,676 | |
Industrial & Commercial Bank of China Class H | | | | | | | 15,105,442 | | | | 8,179,895 | |
Industrial Bank of Korea | | | | | | | 44,220 | | | | 469,627 | |
Industrial Development Bank of India Limited | | | | | | | 65,269 | | | | 98,505 | |
ING Bank Slaski SA † | | | | | | | 5,190 | | | | 133,027 | |
International Bancshares Corporation | | | | | | | 120,640 | | | | 2,202,886 | |
Intesa Sanpaolo | | | | | | | 1,335,380 | | | | 2,099,551 | |
Intesa Sanpaolo RSP | | | | | | | 49,378 | | | | 62,791 | |
Israel Discount Bank Limited † | | | | | | | 34,211 | | | | 35,749 | |
Joyo Bank Limited | | | | | | | 145,000 | | | | 696,341 | |
Jyske Bank † | | | | | | | 7,244 | | | | 207,263 | |
Kansai Urban Banking Corporation | | | | | | | 76,000 | | | | 95,127 | |
Kasikornbank PCL | | | | | | | 102,200 | | | | 551,198 | |
Kasikornbank PCL ADR | | | | | | | 145,600 | | | | 785,269 | |
KB Financial Group Incorporated | | | | | | | 81,771 | | | | 2,648,526 | |
KBC Groep NV | | | | | | | 15,534 | | | | 337,726 | |
KeyCorp | | | | | | | 657,050 | | | | 5,538,932 | |
Kiatnakin Finance | | | | | | | 6,000 | | | | 7,994 | |
Kiyo Holdings | | | | | | | 152,000 | | | | 205,786 | |
Komercni Banka AS | | | | | | | 3,616 | | | | 701,525 | |
Korea Exchange Bank † | | | | | | | 54,060 | | | | 407,371 | |
Kredyt Bank SA † | | | | | | | 9,511 | | | | 42,758 | |
Krung Thai Bank PCL ADR | | | | | | | 346,900 | | | | 183,773 | |
Laurentian Bank of Canada | | | | | | | 1,861 | | | | 89,581 | |
Liechtenstein Landesbank | | | | | | | 570 | | | | 18,210 | |
Liu Chong Hing Bank Limited | | | | | | | 6,000 | | | | 9,871 | |
Lloyds TSB Group plc † | | | | | | | 3,732,482 | | | | 1,974,159 | |
Lloyds TSB Group plc ADR † | | | | | | | 3,708 | | | | 7,638 | |
M&T Bank Corporation « | | | | | | | 85,321 | | | | 7,414,395 | |
Malayan Banking Berhad | | | | | | | 624,939 | | | | 1,830,114 | |
Malaysian Plantations Berhad | | | | | | | 211,800 | | | | 279,960 | |
Mega Financial Holding Company Limited | | | | | | | 1,963,131 | | | | 1,478,034 | |
Metropolitan Bank & Trust Company | | | | | | | 191,277 | | | | 413,922 | |
Mitsubishi UFJ Financial Group Incorporated | | | | | | | 2,483,270 | | | | 11,291,195 | |
Mitsubishi UFJ Financial Group Incorporated ADR | | | | | | | 440 | | | | 1,998 | |
Mitsui Trust Holdings Incorporated | | | | | | | 626,000 | | | | 1,742,998 | |
Miyazaki Bank Limited | | | | | | | 15,000 | | | | 37,359 | |
Mizuho Financial Group Incorporated | | | | | | | 4,177,400 | | | | 6,722,682 | |
National Australia Bank Limited | | | | | | | 394,407 | | | | 10,272,607 | |
National Bank of Canada « | | | | | | | 15,300 | | | | 1,148,722 | |
National Bank of Greece SA † | | | | | | | 59,464 | | | | 105,459 | |
National Bank of Greece SA ADR † | | | | | | | 4,869 | | | | 8,277 | |
National Penn Bancshares Incorporated « | | | | | | | 278,256 | | | | 2,476,478 | |
National Societe Generale Bank SAE | | | | | | | 7,762 | | | | 40,204 | |
Natixis | | | | | | | 70,899 | | | | 193,781 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 37 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Commercial Banks (continued) | | | | | | | | | | | | |
Nedbank Group Limited | | | | | | | 31,437 | | | $ | 692,115 | |
Nishi-Nippon City Bank Limited | | | | | | | 119,000 | | | | 253,822 | |
Nordea Bank AB | | | | | | | 234,274 | | | | 2,166,845 | |
Old Mutual plc | | | | | | | 447,204 | | | | 1,181,595 | |
Old National Bancorp « | | | | | | | 206,921 | | | | 2,731,357 | |
Oriental Bank of Commerce | | | | | | | 12,374 | | | | 49,919 | |
OTP Bank « | | | | | | | 40,952 | | | | 648,956 | |
Oversea-Chinese Banking Corporation Limited | | | | | | | 501,346 | | | | 3,736,466 | |
Pacwest Bancorp « | | | | | | | 67,238 | | | | 1,565,301 | |
Park National Corporation « | | | | | | | 27,200 | | | | 1,831,920 | |
Piraeus Bank SA † | | | | | | | 112,063 | | | | 35,661 | |
PKO Bank Polski SA | | | | | | | 127,918 | | | | 1,374,010 | |
PNC Financial Services Group | | | | | | | 64,787 | | | | 4,027,160 | |
Popular Incorporated † | | | | | | | 217,560 | | | | 3,446,150 | |
PrivateBancorp Incorporated « | | | | | | | 134,000 | | | | 2,184,200 | |
Prosperity Bancshares Incorporated « | | | | | | | 102,000 | | | | 4,294,200 | |
PT Bank Danamon Indonesia TBK PT | | | | | | | 786,234 | | | | 494,746 | |
PT Bank Pan Indonesia TBK PT † | | | | | | | 506,500 | | | | 36,122 | |
Public Bank Berhad | | | | | | | 260,065 | | | | 1,191,913 | |
Public Bank Berhad (Foreign Market) | | | | | | | 91,000 | | | | 417,648 | |
Punjab National Bank Limited | | | | | | | 17,505 | | | | 212,908 | |
Raiffeisen International Bank Holdings « | | | | | | | 2,580 | | | | 86,272 | |
Resona Holdings Incorporated | | | | | | | 328,000 | | | | 1,277,732 | |
RHB Capital Berhad | | | | | | | 186,279 | | | | 434,025 | |
Royal Bank of Canada « | | | | | | | 136,200 | | | | 7,622,779 | |
Royal Bank of Scotland Group plc † | | | | | | | 186,195 | | | | 669,056 | |
Sapporo Hokuyo Holdings Incorporated | | | | | | | 38,900 | | | | 99,368 | |
Sberbank Sponsored ADR | | | | | | | 555,515 | | | | 6,393,978 | |
Senshu Ikeda Holdings Incorporated | | | | | | | 40,380 | | | | 234,662 | |
Seven Bank Limited | | | | | | | 134,000 | | | | 369,679 | |
Shiga Bank | | | | | | | 52,000 | | | | 316,138 | |
Shimizu Bank Limited | | | | | | | 1,000 | | | | 31,292 | |
Shinhan Financial Group Company Limited | | | | | | | 98,689 | | | | 3,070,373 | |
Shinsei Bank Limited | | | | | | | 388,000 | | | | 450,961 | |
Shizuoka Bank Limited | | | | | | | 114,000 | | | | 1,183,754 | |
Siam Commercial Bank PCL | | | | | | | 258,500 | | | | 1,237,434 | |
Signature Bank † | | | | | | | 87,000 | | | | 5,622,810 | |
Sinopac Financial Holdings Company Limited | | | | | | | 1,859,452 | | | | 738,789 | |
Skandinaviska Enskilda Banken AB Class A | | | | | | | 159,842 | | | | 1,223,761 | |
St. Galler Kantonalbank | | | | | | | 210 | | | | 73,468 | |
Standard Bank Group Limited | | | | | | | 282,056 | | | | 3,725,838 | |
Standard Chartered plc | | | | | | | 180,612 | | | | 3,990,613 | |
State Bank of India Limited | | | | | | | 24,458 | | | | 807,872 | |
State Bank of India Limited GDR 144A | | | | | | | 4,768 | | | | 331,376 | |
Sumitomo Mitsui Financial Group Incorporated | | | | | | | 246,184 | | | | 7,621,815 | |
Sumitomo Mitsui Financial Group Incorporated ADR | | | | | | | 494 | | | | 3,073 | |
SunTrust Banks Incorporated | | | | | | | 112,100 | | | | 2,821,557 | |
Suruga Bank Limited | | | | | | | 44,000 | | | | 506,341 | |
Susquehanna Bancshares Incorporated | | | | | | | 395,515 | | | | 4,156,863 | |
SVB Financial Group † | | | | | | | 82,966 | | | | 4,811,198 | |
| | | | |
| 38 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Commercial Banks (continued) | | | | | | | | | | | | |
Svenska Handelsbanken | | | | | | | 50,125 | | | $ | 1,747,737 | |
Swedbank AB | | | | | | | 78,050 | | | | 1,366,011 | |
Sydbank AG † | | | | | | | 8,747 | | | | 148,979 | |
Syndicate Bank | | | | | | | 18,615 | | | | 31,139 | |
Synovus Financial Corporation « | | | | | | | 1,579,217 | | | | 3,284,771 | |
Ta Chong Bank Limited † | | | | | | | 324,656 | | | | 102,000 | |
Taishin Financial Holdings Company Limited | | | | | | | 1,634,597 | | | | 624,892 | |
Taiwan Business Bank † | | | | | | | 726,011 | | | | 208,464 | |
Taiwan Cooperative Financial Holdings | | | | | | | 856,605 | | | | 470,474 | |
TCF Financial Corporation « | | | | | | | 330,298 | | | | 3,672,914 | |
The Aichi Bank Limited - Tokai | | | | | | | 1,100 | | | | 58,937 | |
The Akita Bank Limited - Akita | | | | | | | 19,000 | | | | 54,844 | |
The Aomori Bank Limited | | | | | | | 28,000 | | | | 85,472 | |
The Awa Bank Limited | | | | | | | 49,000 | | | | 302,280 | |
The Bank of Iwate Limited | | | | | | | 2,800 | | | | 126,419 | |
The Bank of Nagoya Limited | | | | | | | 19,000 | | | | 64,551 | |
The Bank of Okinawa Limited | | | | | | | 3,100 | | | | 133,827 | |
The Bank of Saga Limited | | | | | | | 25,000 | | | | 58,433 | |
The Chiba Kogyo Bank Limited † | | | | | | | 4,700 | | | | 25,873 | |
The Chugoku Bank Limited | | | | | | | 38,000 | | | | 518,833 | |
The Daisan Bank Limited | | | | | | | 49,000 | | | | 88,243 | |
The Daishi Bank Limited | | | | | | | 76,000 | | | | 239,760 | |
The Ehime Bank Limited | | | | | | | 27,000 | | | | 73,453 | |
The Eighteenth Bank Limited | | | | | | | 25,000 | | | | 63,222 | |
The Fukui Bank Limited | | | | | | | 32,000 | | | | 74,794 | |
The Hachijuni Bank Limited | | | | | | | 91,000 | | | | 499,776 | |
The Higo Bank Limited | | | | | | | 41,000 | | | | 238,266 | |
The Hiroshima Bank Limited | | | | | | | 120,000 | | | | 384,699 | |
The Hokkoku Bank Limited | | | | | | | 48,000 | | | | 183,307 | |
The Hokuetsu Bank Limited | | | | | | | 21,000 | | | | 39,696 | |
The Hyakugo Bank Limited | | | | | | | 36,000 | | | | 158,171 | |
The Hyakujushi Bank Limited | | | | | | | 45,000 | | | | 173,000 | |
The Iyo Bank Limited | | | | | | | 52,000 | | | | 421,738 | |
The Juroku Bank Limited | | | | | | | 50,000 | | | | 166,039 | |
The Kagoshima Bank Limited | | | | | | | 29,000 | | | | 185,197 | |
The Kanto Tsukuba Bank Limited | | | | | | | 2,400 | | | | 7,970 | |
The Keiyo Bank Limited | | | | | | | 49,000 | | | | 222,798 | |
The Michinoku Bank Limited | | | | | | | 5,000 | | | | 10,345 | |
The Mie Bank Limited | | | | | | | 4,000 | | | | 8,889 | |
The Minato Bank Limited | | | | | | | 35,000 | | | | 63,478 | |
The Musashino Bank Limited | | | | | | | 4,900 | | | | 144,819 | |
The Nanto Bank Limited | | | | | | | 37,000 | | | | 170,598 | |
The Ogaki Kyoritsu Bank Limited | | | | | | | 51,000 | | | | 177,827 | |
The Oita Bank Limited | | | | | | | 23,000 | | | | 72,265 | |
The San-in Godo Bank Limited | | | | | | | 22,000 | | | | 158,197 | |
The Shikoku Bank Limited | | | | | | | 28,000 | | | | 69,021 | |
The Tochigi Bank Limited | | | | | | | 9,000 | | | | 31,496 | |
The Toho Bank Limited | | | | | | | 57,000 | | | | 181,276 | |
Tisco Financial Group PCL | | | | | | | 6,200 | | | | 7,914 | |
TMB Bank PCL | | | | | | | 2,682,765 | | | | 147,259 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 39 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Commercial Banks (continued) | | | | | | | | | | | | |
Tokyo Tomin Bank Limited | | | | | | | 5,300 | | | $ | 50,905 | |
Tomony Holdings Incorporated | | | | | | | 14,900 | | | | 61,659 | |
Toronto-Dominion Bank « | | | | | | | 86,031 | | | | 7,037,829 | |
Trustmark Corporation « | | | | | | | 123,489 | | | | 2,925,454 | |
Turkiye Garanti Bankasi AS | | | | | | | 466,731 | | | | 2,001,155 | |
Turkiye Halk Bankasi AS | | | | | | | 61,906 | | | | 558,080 | |
Turkiye Is Bankasi | | | | | | | 264,959 | | | | 806,878 | |
Turkiye Vakiflar Bankasi Tao | | | | | | | 111,274 | | | | 252,006 | |
UMB Financial Corporation | | | | | | | 76,300 | | | | 3,740,989 | |
Umpqua Holdings Corporation « | | | | | | | 247,361 | | | | 3,126,643 | |
UniCredit SpA † | | | | | | | 514,531 | | | | 2,037,313 | |
Union Bank of India | | | | | | | 27,062 | | | | 76,260 | |
Unione di Banche SpA | | | | | | | 72,120 | | | | 242,021 | |
United Bankshares Incorporated « | | | | | | | 109,793 | | | | 2,671,264 | |
United Mizrahi Bank Limited † | | | | | | | 8,324 | | | | 64,590 | |
United Overseas Bank Limited | | | | | | | 218,695 | | | | 3,349,288 | |
US Bancorp | | | | | | | 235,363 | | | | 7,863,478 | |
Valiant Holding AG | | | | | | | 1,769 | | | | 142,398 | |
Valley National Bancorp « | | | | | | | 130,558 | | | | 1,266,413 | |
Verwaltungs-Und Privat-Bank AG | | | | | | | 62 | | | | 4,611 | |
Webster Financial Corporation | | | | | | | 157,441 | | | | 3,350,344 | |
Wells Fargo & Company (l) | | | | | | | 620,620 | | | | 21,119,699 | |
Westamerica Bancorporation « | | | | | | | 50,581 | | | | 2,354,546 | |
Westpac Banking Corporation | | | | | | | 552,138 | | | | 14,129,828 | |
Wing Hang Bank Limited | | | | | | | 37,992 | | | | 337,012 | |
Woori Finance Holdings Company Limited | | | | | | | 68,660 | | | | 653,545 | |
Yachiyo Bank Limited | | | | | | | 1,200 | | | | 22,913 | |
Yamagata Bank Limited | | | | | | | 26,000 | | | | 110,914 | |
Yamaguchi Financial Group | | | | | | | 46,000 | | | | 384,239 | |
Yamanashi Chou Bank Limited | | | | | | | 27,000 | | | | 115,180 | |
Yapi Ve Kredi Bankasi AS † | | | | | | | 184,289 | | | | 429,521 | |
Yes Bank Limited | | | | | | | 58,652 | | | | 346,640 | |
| | | | |
| | | | | | | | | | | 519,913,433 | |
| | | | | | | | | | | | |
| | | | |
| Consumer Finance : 0.28% | | | | | | | | | | | | |
ACOM Company Limited † | | | | | | | 9,370 | | | | 216,493 | |
AEON Credit Service Company Limited « | | | | | | | 15,100 | | | | 289,483 | |
AIFUL Corporation † | | | | | | | 2,600 | | | | 4,716 | |
Allied Group Limited | | | | | | | 6,000 | | | | 13,909 | |
Capital One Financial Corporation | | | | | | | 71,200 | | | | 4,024,936 | |
Cash America International Incorporated « | | | | | | | 53,600 | | | | 2,080,752 | |
Credit Saison Company Limited | | | | | | | 31,326 | | | | 732,587 | |
Discover Financial Services | | | | | | | 71,426 | | | | 2,766,329 | |
Ezcorp Incorporated Ǡ | | | | | | | 91,900 | | | | 2,081,535 | |
International Personal Finance plc | | | | | | | 23,636 | | | | 108,576 | |
Jaccs Company Limited | | | | | | | 22,000 | | | | 79,239 | |
Orient Corporation † | | | | | | | 93,000 | | | | 118,782 | |
ORIX Corporation | | | | | | | 18,740 | | | | 1,732,902 | |
Paragon Group of Companies plc | | | | | | | 16,492 | | | | 49,519 | |
| | | | |
| 40 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Consumer Finance (continued) | | | | | | | | | | | | |
Provident Financial plc | | | | | | | 12,082 | | | $ | 253,234 | |
Samsung Card Company Limited | | | | | | | 7,397 | | | | 234,370 | |
Shriram Transport Finance Company Limited | | | | | | | 21,672 | | | | 247,460 | |
SLM Corporation | | | | | | | 323,100 | | | | 5,088,825 | |
Thanachart Capital PCL - Foreign | | | | | | | 15,516 | | | | 16,712 | |
| | | | |
| | | | | | | | | | | 20,140,359 | |
| | | | | | | | | | | | |
| | | | |
| Diversified Financial Services: 1.55% | | | | | | | | | | | | |
Ackermans & Van Haaren NV | | | | | | | 2,400 | | | | 185,289 | |
African Bank Investments Limited | | | | | | | 170,048 | | | | 657,689 | |
AMMB Holdings Berhad | | | | | | | 291,300 | | | | 592,016 | |
ASX Limited | | | | | | | 30,029 | | | | 945,005 | |
Ayala Corporation Class A | | | | | | | 57,652 | | | | 563,160 | |
Bajaj Auto Limited | | | | | | | 16,935 | | | | 233,132 | |
Bank of America Corporation | | | | | | | 2,232,466 | | | | 17,837,403 | |
Banque Nationale de Belgique | | | | | | | 10 | | | | 27,986 | |
BMF Bovespa SA | | | | | | | 411,894 | | | | 2,181,320 | |
Bolsas y Marcados Espanoles | | | | | | | 4,820 | | | | 109,854 | |
BS Financial Group Incorporated | | | | | | | 30,381 | | | | 315,960 | |
Bund Center Investment Limited † | | | | | | | 85,000 | | | | 11,865 | |
Bursa Malaysia Berhad | | | | | | | 59,100 | | | | 119,732 | |
CBOE Holdings Incorporated « | | | | | | | 165,900 | | | | 4,718,196 | |
Century Leasing System Incorporated | | | | | | | 8,900 | | | | 166,076 | |
Challenger Financial Services Group Limited | | | | | | | 104,111 | | | | 389,375 | |
China Everbright Limited | | | | | | | 144,000 | | | | 175,081 | |
Corporation Financiera Alba | | | | | | | 549 | | | | 17,795 | |
Criteria Caixa Corporation SA | | | | | | | 55,055 | | | | 209,960 | |
D.Carnegie & Company AB †(a) | | | | | | | 1,000 | | | | 0 | |
Deutsche Boerse AG | | | | | | | 18,044 | | | | 928,937 | |
ECM Libra Berhad †(a) | | | | | | | 46,763 | | | | 0 | |
Exor SpA | | | | | | | 2,774 | | | | 66,259 | |
Fimalac | | | | | | | 158 | | | | 5,922 | |
First Pacific Company Limited | | | | | | | 294,800 | | | | 316,239 | |
FirstRand Limited | | | | | | | 495,804 | | | | 1,619,638 | |
Fubon Financial Holding Company Limited | | | | | | | 1,441,579 | | | | 1,431,905 | |
Fuyo General Lease Company Limited | | | | | | | 3,300 | | | | 95,930 | |
GIMV NV | | | | | | | 1,316 | | | | 60,599 | |
Groupe Bruxelles Lambert SA | | | | | | | 7,755 | | | | 535,508 | |
Guoco Group Limited | | | | | | | 14,000 | | | | 111,914 | |
Haci Omer Sabanci Holding AS | | | | | | | 185,348 | | | | 796,736 | |
Hellenic Exchanges SA Holding | | | | | | | 2,480 | | | | 9,420 | |
Hitachi Capital Corporation | | | | | | | 8,400 | | | | 146,875 | |
Hong Kong Exchanges & Clearing Limited | | | | | | | 184,707 | | | | 2,452,932 | |
Hong Leong Singapore Finance Limited | | | | | | | 18,000 | | | | 34,801 | |
IBJ Leasing Company Limited | | | | | | | 4,600 | | | | 114,390 | |
IG Group Holdings plc | | | | | | | 37,974 | | | | 259,579 | |
Indiabulls Financial Services Limited | | | | | | | 38,079 | | | | 125,789 | |
Industrivarden AB Class A | | | | | | | 18,200 | | | | 256,007 | |
Industrivarden AB Class C | | | | | | | 13,675 | | | | 183,684 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 41 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Diversified Financial Services (continued) | | | | | | | | | | | | |
Infrastructure Development Finance Company Limited | | | | | | | 232,183 | | | $ | 559,535 | |
ING Groep NV † | | | | | | | 389,674 | | | | 2,980,982 | |
InterContinental Exchange Incorporated † | | | | | | | 57,257 | | | | 7,827,032 | |
Investor AB A Shares | | | | | | | 17,400 | | | | 349,198 | |
Investor AB B Shares | | | | | | | 38,261 | | | | 792,699 | |
Japan Securities Finance Company Limited | | | | | | | 9,000 | | | | 40,922 | |
Jefferies Group Incorporated | | | | | | | 103,500 | | | | 1,520,415 | |
JPMorgan Chase & Company | | | | | | | 472,477 | | | | 17,547,796 | |
Jupiter Fund Management plc | | | | | | | 46,400 | | | | 166,066 | |
K-Green Trust | | | | | | | 25,027 | | | | 19,977 | |
Kinnevik Investment AB | | | | | | | 21,989 | | | | 444,615 | |
Kotak Mahindra Bank Limited | | | | | | | 37,713 | | | | 389,232 | |
Lender Processing Services Incorporated | | | | | | | 180,200 | | | | 5,058,214 | |
Leucadia National Corporation | | | | | | | 128,000 | | | | 2,736,640 | |
London Stock Exchange Group plc | | | | | | | 15,448 | | | | 243,697 | |
Lundbergforetagen AB | | | | | | | 5,095 | | | | 171,803 | |
Mahindra & Mahindra Financial Services Limited | | | | | | | 5,426 | | | | 71,945 | |
Marfin Investment Group SA † | | | | | | | 31,243 | | | | 7,506 | |
Metro Pacific Investments Corporation | | | | | | | 3,307,000 | | | | 327,753 | |
Mitsubishi UFJ Securities Company Limited | | | | | | | 10,710 | | | | 460,300 | |
Moody’s Corporation « | | | | | | | 131,400 | | | | 5,203,440 | |
MSCI Incorporated † | | | | | | | 92,249 | | | | 3,236,095 | |
Mulpha International Berhad † | | | | | | | 222,700 | | | | 28,154 | |
Multi-Purpose Holdings Berhad | | | | | | | 167,870 | | | | 200,939 | |
NASDAQ Stock Market Incorporated | | | | | | | 91,600 | | | | 2,094,892 | |
NYSE Euronext (Paris) Incorporated | | | | | | | 176,445 | | | | 4,419,947 | |
OKO Bank | | | | | | | 17,742 | | | | 200,062 | |
Old Mutual plc | | | | | | | 360 | | | | 961 | |
Onex Corporation | | | | | | | 7,300 | | | | 287,038 | |
Osaka Securities Exchange Company « | | | | | | | 45 | | | | 204,323 | |
Pargesa Holding SA | | | | | | | 2,020 | | | | 128,432 | |
PHH Corporation Ǡ | | | | | | | 126,892 | | | | 2,214,265 | |
Power Finance Corporation Limited | | | | | | | 84,672 | | | | 244,008 | |
Reliance Capital Limited | | | | | | | 23,714 | | | | 136,337 | |
Remgro Limited | | | | | | | 93,697 | | | | 1,604,546 | |
RHJ International † | | | | | | | 1,117 | | | | 5,184 | |
Ricoh Leasing Company Limited | | | | | | | 4,800 | | | | 110,781 | |
RMB Holdings Limited | | | | | | | 184,199 | | | | 797,034 | |
Rural Electrification Corporation Limited | | | | | | | 59,789 | | | | 202,826 | |
Singapore Exchange Limited | | | | | | | 188,000 | | | | 1,061,789 | |
SKS Microfinance Limited † | | | | | | | 6,165 | | | | 11,460 | |
SNS Reaal NV † | | | | | | | 4,259 | | | | 6,123 | |
Societe Generale † | | | | | | | 70,468 | | | | 1,865,759 | |
Societe Generale ADR † | | | | | | | 20,550 | | | | 108,093 | |
Sofina SA | | | | | | | 2,215 | | | | 169,195 | |
TMX Group Incorporated | | | | | | | 765 | | | | 38,687 | |
UBS AG | | | | | | | 335,833 | | | | 3,756,883 | |
VTB Bank OJSC GDR | | | | | | | 350,500 | | | | 1,158,087 | |
Washington H. Soul Pattinson & Company Limited | | | | | | | 25,619 | | | | 337,470 | |
Western Union Company | | | | | | | 74,600 | | | | 1,313,706 | |
| | | | |
| | | | | | | | | | | 111,872,801 | |
| | | | | | | | | | | | |
| | | | |
| 42 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Insurance: 3.30% | | | | | | | | | | | | |
ACE Limited | | | | | | | 41,936 | | | $ | 3,091,941 | |
Admiral Group plc | | | | | | | 19,943 | | | | 375,565 | |
Aegon NV | | | | | | | 168,743 | | | | 866,596 | |
AFLAC Incorporated | | | | | | | 57,600 | | | | 2,659,968 | |
Ageas | | | | | | | 24,124 | | | | 537,074 | |
AIA Group Limited | | | | | | | 1,036,200 | | | | 3,560,457 | |
Aksigorta AS | | | | | | | 15,670 | | | | 16,883 | |
Alleghany Corporation † | | | | | | | 12,983 | | | | 4,377,218 | |
Allianz AG | | | | | | | 42,390 | | | | 4,653,074 | |
Allianz AG ADR | | | | | | | 5 | | | | 54 | |
Allied World Assurance Company | | | | | | | 25,278 | | | | 1,985,081 | |
Allstate Corporation | | | | | | | 59,927 | | | | 2,234,079 | |
American Financial Group Incorporated | | | | | | | 60,548 | | | | 2,274,183 | |
American International Group Incorporated † | | | | | | | 90,600 | | | | 3,110,298 | |
American National Insurance Company | | | | | | | 10,200 | | | | 721,038 | |
Amlin plc | | | | | | | 48,663 | | | | 297,952 | |
AMP Limited « | | | | | | | 501,233 | | | | 2,309,605 | |
Arch Capital Group Limited † | | | | | | | 92,166 | | | | 3,678,345 | |
Argo Group International Holdings Limited « | | | | | | | 65,282 | | | | 1,929,736 | |
Arthur J. Gallagher & Company | | | | | | | 78,493 | | | | 2,803,770 | |
Aspen Insurance Holdings Limited | | | | | | | 51,124 | | | | 1,486,686 | |
Assicurazioni Generali SpA | | | | | | | 139,121 | | | | 1,984,346 | |
Assurant Incorporated | | | | | | | 57,299 | | | | 2,019,790 | |
Assured Guaranty Limited | | | | | | | 112,184 | | | | 1,480,829 | |
Aviva plc | | | | | | | 272,831 | | | | 1,412,714 | |
AXA SA | | | | | | | 175,168 | | | | 2,535,956 | |
Axis Capital Holdings Limited | | | | | | | 86,122 | | | | 2,934,177 | |
Bajaj Finserv | | | | | | | 17,911 | | | | 256,373 | |
Baloise Holding AG | | | | | | | 4,595 | | | | 338,115 | |
Beazley plc | | | | | | | 26,836 | | | | 70,607 | |
Brown & Brown Incorporated | | | | | | | 76,555 | | | | 2,008,803 | |
Cathay Financial Holding Company Limited | | | | | | | 1,908,440 | | | | 1,822,356 | |
Catlin Group Limited | | | | | | | 38,348 | | | | 279,246 | |
China Insurance International Holdings Company Limited † | | | | | | | 184,400 | | | | 245,837 | |
China Life Insurance Company | | | | | | | 1,580,000 | | | | 4,227,077 | |
China Life Insurance Company (Taiwan) † | | | | | | | 435,517 | | | | 394,061 | |
China Pacific Insurance Group Company Limited | | | | | | | 339,400 | | | | 1,006,479 | |
Chubb Corporation | | | | | | | 34,236 | | | | 2,529,698 | |
Cincinnati Financial Corporation « | | | | | | | 104,834 | | | | 4,052,882 | |
Clal Insurance Enterprise Holdings Limited | | | | | | | 832 | | | | 7,668 | |
CNO Financial Group Incorporated | | | | | | | 482,100 | | | | 4,290,690 | |
CNP Assurances | | | | | | | 17,471 | | | | 211,861 | |
Dai-Ichi Mutual Life Insurance Company | | | | | | | 1,863 | | | | 1,896,431 | |
Delta Lloyd NV | | | | | | | 8,022 | | | | 110,537 | |
Discovery Holdings Limited | | | | | | | 85,119 | | | | 584,275 | |
Dongbu Insurance Company Limited | | | | | | | 11,740 | | | | 479,585 | |
Endurance Specialty Holdings Limited | | | | | | | 94,678 | | | | 3,579,775 | |
Euler Hermes SA « | | | | | | | 728 | | | | 45,097 | |
Everest Reinsurance Group Limited | | | | | | | 34,843 | | | | 3,611,825 | |
Fairfax Financial Holdings Limited | | | | | | | 1,900 | | | | 715,418 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 43 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Insurance (continued) | | | | | | | | | | | | |
Fidelity National Title Group Incorporated | | | | | | | 148,614 | | | $ | 2,799,888 | |
First American Financial Corporation | | | | | | | 226,349 | | | | 4,361,745 | |
Fondiaria Sai SpA † | | | | | | | 17 | | | | 22 | |
Fondiaria Sai SpA RSP † | | | | | | | 13 | | | | 715 | |
Genworth Financial Incorporated † | | | | | | | 325,234 | | | | 1,720,488 | |
Gjensidige Forsikring ASA | | | | | | | 20,511 | | | | 263,318 | |
Great Eastern Holdings Limited | | | | | | | 10,000 | | | | 110,951 | |
Great-West Lifeco Incorporated « | | | | | | | 23,800 | | | | 525,616 | |
Grupo Catalana Occidente SA | | | | | | | 2,305 | | | | 34,501 | |
Hannover Rueckversicherung AG | | | | | | | 5,268 | | | | 321,829 | |
Harel Insurance Investments & Finances Limited † | | | | | | | 438 | | | | 11,260 | |
Hartford Financial Services Group Incorporated | | | | | | | 294,182 | | | | 5,274,683 | |
HCC Insurance Holdings Incorporated | | | | | | | 67,008 | | | | 2,216,625 | |
Helvetia Holding AG | | | | | | | 366 | | | | 120,569 | |
Hiscox Limited | | | | | | | 29,981 | | | | 221,222 | |
Horace Mann Educators Corporation | | | | | | | 83,936 | | | | 1,474,756 | |
Hyundai Marine & Fire Insurance Company Limited | | | | | | | 12,380 | | | | 356,793 | |
Industrial Alliance Insurance & Financial Services Incorporated | | | | | | | 7,139 | | | | 181,924 | |
Insurance Australia Group Limited | | | | | | | 374,306 | | | | 1,604,864 | |
Intact Financial Corporation | | | | | | | 11,215 | | | | 683,765 | |
Jardine Lloyd Thompson Group plc | | | | | | | 25,129 | | | | 306,441 | |
Kemper Corporation | | | | | | | 95,308 | | | | 2,916,425 | |
Korea Life Insurance Company Limited | | | | | | | 51,670 | | | | 323,329 | |
Korea Reinsurance Company | | | | | | | 11,002 | | | | 107,147 | |
Lancashire Holdings plc | | | | | | | 19,049 | | | | 242,278 | |
Legal & General Group plc | | | | | | | 542,930 | | | | 1,103,478 | |
Liberty Holdings Limited | | | | | | | 40,555 | | | | 443,098 | |
LIG Insurance Company Limited | | | | | | | 8,650 | | | | 186,780 | |
Lincoln National Corporation | | | | | | | 190,760 | | | | 4,429,447 | |
LPI Capital Berhad | | | | | | | 40,900 | | | | 176,978 | |
Manulife Financial Corporation « | | | | | | | 170,500 | | | | 1,909,531 | |
Mapfre SA | | | | | | | 59,378 | | | | 144,143 | |
Markel Corporation † | | | | | | | 7,399 | | | | 3,217,825 | |
Marsh & McLennan Companies Incorporated | | | | | | | 66,609 | | | | 2,276,030 | |
Mediolanum SpA | | | | | | | 9,857 | | | | 38,608 | |
Menorah Mivtachim Holdings Limited † | | | | | | | 1,664 | | | | 9,144 | |
Mercury General Corporation | | | | | | | 17,722 | | | | 678,575 | |
MetLife Incorporated | | | | | | | 101,026 | | | | 3,448,017 | |
Migdal Insurance & Financial Holding Limited | | | | | | | 10,202 | | | | 10,369 | |
Milano Assicurazioni SpA † | | | | | | | 8,878 | | | | 3,443 | |
Millea Holdings Incorporated | | | | | | | 134,700 | | | | 3,224,060 | |
Mitsui Sumitomo Insurance Group Holdings Incorporated | | | | | | | 95,300 | | | | 1,502,014 | |
Montpelier Re Holdings Limited « | | | | | | | 121,024 | | | | 2,609,277 | |
Muenchener Rueckversicherungs-Gesellschaft AG | | | | | | | 15,949 | | | | 2,361,139 | |
New China Life Insurance Company Limited | | | | | | | 92,500 | | | | 277,287 | |
NIB Holdings Limited | | | | | | | 69,823 | | | | 118,666 | |
NKSJ Holdings Incorporated | | | | | | | 73,000 | | | | 1,312,779 | |
Old Republic International Corporation « | | | | | | | 175,785 | | | | 1,517,025 | |
PartnerRe Limited | | | | | | | 42,757 | | | | 3,138,364 | |
PICC Property & Casualty Company Limited | | | | | | | 512,200 | | | | 616,150 | |
| | | | |
| 44 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Insurance (continued) | | | | | | | | | | | | |
Ping An Insurance Group Company of China Limited | | | | | | | 396,000 | | | $ | 2,859,224 | |
Power Corporation of Canada « | | | | | | | 32,500 | | | | 775,120 | |
Power Financial Corporation « | | | | | | | 24,500 | | | | 617,378 | |
Powszechny Zaklad Ubezpieczen SA « | | | | | | | 11,780 | | | | 1,228,009 | |
Principal Financial Group Incorporated | | | | | | | 188,800 | | | | 5,180,672 | |
Proassurance Corporation | | | | | | | 53,499 | | | | 4,773,716 | |
Protective Life Corporation « | | | | | | | 177,100 | | | | 5,003,075 | |
Prudential Financial Incorporated | | | | | | | 59,562 | | | | 3,246,725 | |
Prudential plc | | | | | | | 240,982 | | | | 3,011,404 | |
QBE Insurance Group Limited | | | | | | | 204,360 | | | | 2,751,082 | |
Reinsurance Group of America Incorporated | | | | | | | 49,139 | | | | 2,886,425 | |
Renaissancere Holdings Limited | | | | | | | 39,562 | | | | 3,056,165 | |
Resolution Limited | | | | | | | 129,419 | | | | 443,465 | |
RLI Corporation « | | | | | | | 34,362 | | | | 2,177,176 | |
Royal & Sun Alliance Insurance Group plc | | | | | | | 355,430 | | | | 643,382 | |
Sampo Oyj | | | | | | | 45,762 | | | | 1,312,931 | |
Samsung Fire & Marine Insurance Company Limited | | | | | | | 7,803 | | | | 1,609,256 | |
Samsung Life Insurance Company | | | | | | | 17,644 | | | | 1,500,624 | |
Sanlam Limited | | | | | | | 350,185 | | | | 1,541,097 | |
Santam Limited | | | | | | | 1 | | | | 21 | |
SCOR Regroupe | | | | | | | 14,377 | | | | 353,440 | |
Selective Insurance Group Incorporated | | | | | | | 113,552 | | | | 2,035,987 | |
Shin Kong Financial Holding Company Limited † | | | | | | | 1,677,264 | | | | 454,162 | |
Societa Cattolica di Assicurazione Societa Cooperativa † | | | | | | | 2,135 | | | | 28,653 | |
Sony Financial Holdings Incorporated | | | | | | | 33,900 | | | | 557,675 | |
St. James’s Place plc | | | | | | | 25,880 | | | | 142,882 | |
Stancorp Financial Group Incorporated « | | | | | | | 95,951 | | | | 2,995,590 | |
Standard Life plc | | | | | | | 211,011 | | | | 888,898 | |
Storebrand ASA † | | | | | | | 21,988 | | | | 92,841 | |
Sun Life Financial Incorporated « | | | | | | | 54,700 | | | | 1,276,842 | |
Suncorp-Metway Limited | | | | | | | 225,906 | | | | 2,144,897 | |
Swiss Life Holding | | | | | | | 2,683 | | | | 304,637 | |
Swiss RE Limited | | | | | | | 31,957 | | | | 2,003,380 | |
T&D Holdings Incorporated | | | | | | | 117,800 | | | | 1,191,616 | |
Taiwan Life Insurance Company Limited † | | | | | | | 14,539 | | | | 9,272 | |
The Hanover Insurance Group Incorporated | | | | | | | 97,300 | | | | 3,472,637 | |
The Travelers Companies Incorporated | | | | | | | 50,290 | | | | 3,255,775 | |
Tong Yang Life Insurance Company | | | | | | | 13,010 | | | | 116,383 | |
Topdanmark AS † | | | | | | | 1,215 | | | | 229,089 | |
Torchmark Corporation « | | | | | | | 65,254 | | | | 3,339,700 | |
Tower Group Incorporated « | | | | | | | 71,300 | | | | 1,329,032 | |
TrygVesta AS | | | | | | | 1,268 | | | | 78,959 | |
Unipol Gruppo Finanziario SpA † | | | | | | | 365 | | | | 959 | |
UNUM Group | | | | | | | 190,953 | | | | 3,725,493 | |
Validus Holdings Limited | | | | | | | 57,347 | | | | 1,921,698 | |
W.R. Berkley Corporation « | | | | | | | 75,012 | | | | 2,803,949 | |
White Mountain Insurance Group Limited | | | | | | | 4,540 | | | | 2,362,344 | |
Wiener Staedtische Allgemeine Versicherung AG | | | | | | | 4,394 | | | | 183,986 | |
Willis Group Holdings | | | | | | | 118,352 | | | | 4,416,897 | |
Yapi Kredi Sigorta AS | | | | | | | 2,809 | | | | 25,400 | |
Zurich Financial Services AG | | | | | | | 13,147 | | | | 3,160,403 | |
Zurich Insurance Group ADR « | | | | | | | 11,963 | | | | 288,213 | |
| | | | |
| | | | | | | | | | | 238,844,128 | |
| | | | | | | | | | | | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 45 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Real Estate Management & Development: 0.96% | | | | | | | | | | | | |
Aeon Mall Company Limited | | | | | | | 15,300 | | | $ | 357,023 | |
Africa Israel Investments Limited † | | | | | | | 683 | | | | 1,058 | |
Agile Property Holdings Limited | | | | | | | 274,000 | | | | 314,417 | |
Alexander & Baldwin Incorporated † | | | | | | | 79,512 | | | | 2,355,145 | |
Argosy Property Trust | | | | | | | 31,863 | | | | 22,655 | |
Ascendas India Trust | | | | | | | 83,000 | | | | 51,937 | |
Atrium European Real Estate Limited | | | | | | | 10,857 | | | | 53,258 | |
Atrium Ljungberg AB | | | | | | | 1,011 | | | | 12,183 | |
Australand Property Group | | | | | | | 41,250 | | | | 123,164 | |
Ayala Land Incorporated | | | | | | | 1,135,400 | | | | 604,467 | |
Beni Stabili SpA | | | | | | | 6,222 | | | | 2,661 | |
Brookfield Asset Management Incorporated « | | | | | | | 52,850 | | | | 1,821,268 | |
Brookfield Properties Corporation « | | | | | | | 180,514 | | | | 3,021,804 | |
Bukit Sembawang Estates Limited | | | | | | | 17,000 | | | | 66,145 | |
Bumi Serpong Damai PT | | | | | | | 2,777,000 | | | | 291,243 | |
C C Land Holdings Limited | | | | | | | 153,631 | | | | 32,089 | |
CA Immobilien Anlagen AG | | | | | | | 3,951 | | | | 38,812 | |
Capital & Counties Properties plc | | | | | | | 88,641 | | | | 302,610 | |
CapitaLand Limited | | | | | | | 441,500 | | | | 1,066,117 | |
CapitaMalls Asia Limited | | | | | | | 224,000 | | | | 297,409 | |
Castellum AB | | | | | | | 18,738 | | | | 250,559 | |
Cathay Real Estate Development Company Limited | | | | | | | 260,000 | | | | 111,983 | |
Cent Pattana Public Company | | | | | | | 53,000 | | | | 89,221 | |
Cheung Kong Holdings Limited | | | | | | | 232,000 | | | | 3,155,771 | |
China Overseas Land & Investment Limited | | | | | | | 748,480 | | | | 1,690,750 | |
China Resources Land Limited | | | | | | | 406,000 | | | | 784,157 | |
China Vanke Company Limited Class B | | | | | | | 80 | | | | 100 | |
Chinese Estates Holdings Limited | | | | | | | 69,696 | | | | 89,232 | |
City Developments Limited | | | | | | | 83,000 | | | | 767,076 | |
Citycon Oyj | | | | | | | 8,904 | | | | 26,991 | |
Conwert Immobilien Invest SE | | | | | | | 3,761 | | | | 41,156 | |
Country Garden Holdings Company Limited † | | | | | | | 1,161,013 | | | | 407,166 | |
Daibiru Corporation | | | | | | | 5,400 | | | | 35,313 | |
Daikyo Incorporated | | | | | | | 67,000 | | | | 160,879 | |
Daito Trust Construction Company Limited | | | | | | | 13,900 | | | | 1,356,357 | |
Daiwa House Industry Company Limited | | | | | | | 111,000 | | | | 1,545,309 | |
DB Realty Limited † | | | | | | | 11,179 | | | | 15,053 | |
Deutsche Euroshop AG | | | | | | | 4,842 | | | | 177,075 | |
DLF Limited | | | | | | | 85,755 | | | | 300,701 | |
Echo Investment † | | | | | | | 26,597 | | | | 30,334 | |
Elbit Imaging Limited † | | | | | | | 816 | | | | 1,812 | |
Evergrande Real Estate Group Limited « | | | | | | | 976,000 | | | | 372,483 | |
Fabege AB | | | | | | | 13,162 | | | | 116,868 | |
Far East Consortium | | | | | | | 132,317 | | | | 24,908 | |
Farglory Land Development Company Limited | | | | | | | 49,000 | | | | 88,181 | |
First Capital Realty Incorporated | | | | | | | 3,689 | | | | 72,040 | |
FirstService Corporation † | | | | | | | 2,138 | | | | 58,018 | |
FKP Property Group | | | | | | | 93,976 | | | | 29,127 | |
Forest City Enterprises Incorporated Ǡ | | | | | | | 292,581 | | | | 4,412,121 | |
Franshion Properties China Limited | | | | | | | 714,000 | | | | 209,893 | |
| | | | |
| 46 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Real Estate Management & Development (continued) | | | | | | | | | | | | |
Future Mall Management Limited † | | | | | | | 504 | | | $ | 209 | |
Gagfah SA † | | | | | | | 956 | | | | 10,350 | |
Gazit Globe Limited | | | | | | | 4,376 | | | | 42,142 | |
Global Logistic Properties Limited | | | | | | | 388,000 | | | | 737,714 | |
Globe Trade Centre SA † | | | | | | | 23,012 | | | | 43,465 | |
Glorious Property Holdings Limited † | | | | | | | 691,000 | | | | 98,002 | |
Goldcrest Company Limited | | | | | | | 1,440 | | | | 21,059 | |
Grainger plc | | | | | | | 7,612 | | | | 11,845 | |
Great Eagle Holdings Limited | | | | | | | 68,086 | | | | 188,300 | |
Greentown China Holdings Limited | | | | | | | 56,000 | | | | 58,629 | |
Guocoland Limited | | | | | | | 42,554 | | | | 58,036 | |
Hang Lung Group Limited | | | | | | | 147,000 | | | | 917,334 | |
Hang Lung Properties Limited | | | | | | | 385,000 | | | | 1,315,442 | |
Heiwa Real Estate Company Limited | | | | | | | 50,500 | | | | 116,744 | |
Heliopolis Housing | | | | | | | 1,417 | | | | 4,423 | |
Henderson Land Development Company Limited | | | | | | | 168,559 | | | | 1,036,658 | |
Highwealth Construction Corporation | | | | | | | 173,000 | | | | 288,805 | |
HKC Holdings Limited | | | | | | | 203,274 | | | | 7,732 | |
HKR International Limited | | | | | | | 33,600 | | | | 12,737 | |
Hong Kong Land Holdings Limited | | | | | | | 217,000 | | | | 1,323,700 | |
Hopewell Holdings | | | | | | | 123,000 | | | | 394,091 | |
Hopson Development Holdings Limited † | | | | | | | 56,000 | | | | 34,946 | |
Housing Development & Infrastructure Limited † | | | | | | | 33,352 | | | | 40,082 | |
Howard Hughes Corporation † | | | | | | | 45,879 | | | | 3,018,379 | |
Huaku Development Company Limited | | | | | | | 62,336 | | | | 148,811 | |
Huang Hsiang Construction Company | | | | | | | 20,000 | | | | 45,007 | |
Hufvudstaden AB | | | | | | | 14,497 | | | | 178,087 | |
Hysan Development Company Limited | | | | | | | 93,061 | | | | 417,553 | |
IGB Corporation Berhad | | | | | | | 149,784 | | | | 122,723 | |
IJM Land Berhad | | | | | | | 40,400 | | | | 30,903 | |
Immoeast AG Interim Shares †(a) | | | | | | | 15,082 | | | | 0 | |
Immofinanz AG | | | | | | | 87,053 | | | | 279,651 | |
Immofinanz AG Interim Shares †(a) | | | | | | | 19,870 | | | | 0 | |
Indiabulls Real Estate Limited | | | | | | | 43,692 | | | | 33,775 | |
Interchina Holdings Company †(a) | | | | | | | 960,000 | | | | 59,412 | |
IVG Immobilien AG † | | | | | | | 4,150 | | | | 9,443 | |
Jones Lang Lasalle Incorporated | | | | | | | 34,355 | | | | 2,478,026 | |
K Wah International Holdings Limited | | | | | | | 154,923 | | | | 64,319 | |
Kenedix Incorporated † | | | | | | | 127 | | | | 12,474 | |
Keppel Land Limited | | | | | | | 137,030 | | | | 372,669 | |
Kerry Properties Limited | | | | | | | 112,053 | | | | 532,385 | |
KLCC Property Holdings Berhad | | | | | | | 105,300 | | | | 193,446 | |
Kowloon Development Company Limited | | | | | | | 45,000 | | | | 44,327 | |
Kungsleden | | | | | | | 18,987 | | | | 100,638 | |
KWG Property Holding Limited | | | | | | | 268,500 | | | | 138,128 | |
Land and Houses PCL | | | | | | | 380,700 | | | | 100,840 | |
Lend Lease Corporation Limited | | | | | | | 91,805 | | | | 805,262 | |
Leopalace21 Corporation † | | | | | | | 28,000 | | | | 90,478 | |
Lippo Karawaci TBK PT | | | | | | | 4,995,500 | | | | 455,803 | |
Longfor Properties Company Limited | | | | | | | 306,000 | | | | 441,091 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 47 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Real Estate Management & Development (continued) | | | | | | | | | | | | |
LSR Group OJSC GDR Register Shares | | | | | | | 15,800 | | | $ | 65,175 | |
Medinet Nasr Housing † | | | | | | | 2,809 | | | | 8,621 | |
Megaworld Corporation | | | | | | | 2,758,000 | | | | 142,898 | |
Midland Holdings Limited | | | | | | | 56,000 | | | | 30,686 | |
Mitsubishi Estate Company Limited | | | | | | | 249,189 | | | | 4,369,838 | |
Mitsui Fudosan Company Limited | | | | | | | 152,000 | | | | 2,820,819 | |
Mobimo Holding AG | | | | | | | 799 | | | | 184,623 | |
New World China Land Limited | | | | | | | 526,000 | | | | 168,191 | |
New World Development Limited | | | | | | | 715,969 | | | | 889,890 | |
Nomura Real Estate Holding Incorporated | | | | | | | 16,600 | | | | 276,260 | |
NTT Urban Development Corporation | | | | | | | 162 | | | | 122,697 | |
Palm Hills Developments SAE † | | | | | | | 46,809 | | | | 17,335 | |
Peet Limited | | | | | | | 21,691 | | | | 16,135 | |
Poly Hong Kong Investments Limited †« | | | | | | | 346,000 | | | | 171,306 | |
Prelios SpA † | | | | | | | 11,055 | | | | 1,275 | |
Prince Housing & Development Corporation | | | | | | | 180,000 | | | | 128,911 | |
PSP Swiss Property AG | | | | | | | 3,653 | | | | 339,587 | |
Radium Life Tech Company Limited | | | | | | | 78,542 | | | | 51,529 | |
Renhe Commercial Holdings Company Limited †« | | | | | | | 1,212,000 | | | | 49,224 | |
Robinsons Land Company | | | | | | | 372,100 | | | | 164,493 | |
Ruentex Development Company Limited | | | | | | | 130,211 | | | | 218,243 | |
Savills plc | | | | | | | 10,369 | | | | 64,409 | |
Shimao Property Holding Limited « | | | | | | | 283,500 | | | | 427,665 | |
Shoei Company Limited | | | | | | | 53,200 | | | | 267,036 | |
Shui On Land Limited | | | | | | | 544,117 | | | | 197,836 | |
Singapore Land Limited | | | | | | | 14,000 | | | | 67,501 | |
Sino Land Company | | | | | | | 496,647 | | | | 813,236 | |
Sino-Ocean Land Holdings Limited | | | | | | | 745,378 | | | | 334,442 | |
SM Prime Holdings Incorporated | | | | | | | 1,536,054 | | | | 511,105 | |
SOHO China Limited | | | | | | | 374,000 | | | | 239,176 | |
SP Setia Berhad | | | | | | | 168,100 | | | | 191,530 | |
Sumitomo Real Estate Sales Company Limited | | | | | | | 2,360 | | | | 114,240 | |
Sumitomo Realty & Development Company Limited | | | | | | | 82,000 | | | | 1,999,336 | |
Sun Hung Kai Properties Limited | | | | | | | 248,847 | | | | 3,227,717 | |
Sun Hung Kai Properties Limited ADR | | | | | | | 3,148 | | | | 40,483 | |
Suruga Corporation †(a) | | | | | | | 600 | | | | 0 | |
Swire Pacific Limited A Shares | | | | | | | 120,000 | | | | 1,418,008 | |
Swire Pacific Limited B Shares | | | | | | | 195,000 | | | | 452,556 | |
Swiss Prime Site AG | | | | | | | 4,996 | | | | 411,057 | |
TA Global Berhad | | | | | | | 34,080 | | | | 2,890 | |
Talaat Moustafa Group † | | | | | | | 108,625 | | | | 82,411 | |
Tian An China Investment | | | | | | | 224,097 | | | | 117,019 | |
TOC Company Limited | | | | | | | 13,900 | | | | 71,013 | |
Tokyo Tatemono Company Limited † | | | | | | | 70,000 | | | | 231,560 | |
Tokyu Land Corporation | | | | | | | 85,000 | | | | 416,885 | |
Tokyu Livable Incorporated | | | | | | | 600 | | | | 7,288 | |
UEM Land Holdings Berhad † | | | | | | | 413,675 | | | | 244,935 | |
Unitech Limited † | | | | | | | 203,870 | | | | 67,437 | |
United Energy Group Limited † | | | | | | | 1,044,000 | | | | 153,451 | |
United Industrial Corporation Limited | | | | | | | 40,000 | | | | 83,755 | |
| | | | |
| 48 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Real Estate Management & Development (continued) | | | | | | | | | | | | |
UOL Group Limited | | | | | | | 72,000 | | | $ | 304,404 | |
Wharf Holdings Limited | | | | | | | 287,500 | | | | 1,770,012 | |
Wheelock & Company | | | | | | | 145,000 | | | | 552,447 | |
Wheelock Properties (Singapore) Limited | | | | | | | 39,000 | | | | 56,631 | |
Wing Tai Holdings Limited | | | | | | | 27,730 | | | | 34,037 | |
Yanlord Land Group Limited † | | | | | | | 61,000 | | | | 57,012 | |
| | | | |
| | | | | | | | | | | 69,460,430 | |
| | | | | | | | | | | | |
| | | | |
| REITs: 4.97% | | | | | | | | | | | | |
Abacus Property Group | | | | | | | 33,487 | | | | 69,886 | |
Advance Residence Investment Corporation | | | | | | | 177 | | | | 356,509 | |
Alexandria Real Estate Equities Incorporated | | | | | | | 47,359 | | | | 3,499,830 | |
American Campus Communities Incorporated « | | | | | | | 166,059 | | | | 7,741,671 | |
American Capital Agency Corporation « | | | | | | | 221,800 | | | | 7,727,512 | |
American Tower Corporation | | | | | | | 80,502 | | | | 5,667,341 | |
AMP NZ Office Trust | | | | | | | 80,730 | | | | 62,264 | |
ANF Immobilier | | | | | | | 43 | | | | 1,782 | |
Annaly Capital Management Incorporated | | | | | | | 119,453 | | | | 2,067,731 | |
Apartment Investment & Management Company Class A | | | | | | | 227,600 | | | | 6,026,848 | |
Ardent Leisure Group | | | | | | | 53,538 | | | | 69,971 | |
Ascendas REIT | | | | | | | 273,000 | | | | 516,871 | |
AvalonBay Communities Incorporated | | | | | | | 20,400 | | | | 2,887,008 | |
Babcock & Brown Japan Property Trust | | | | | | | 1,780 | | | | 5,388 | |
Befimmo S.C.A. Sicafi | | | | | | | 897 | | | | 51,944 | |
BioMed Realty Trust Incorporated | | | | | | | 335,386 | | | | 6,214,703 | |
Blife Investment Corporation | | | | | | | 22 | | | | 156,230 | |
Boardwalk REIT | | | | | | | 1,855 | | | | 121,076 | |
Boston Properties Incorporated | | | | | | | 30,689 | | | | 3,441,158 | |
Brandywine Realty Trust « | | | | | | | 304,820 | | | | 3,718,804 | |
BRE Properties Incorporated | | | | | | | 145,455 | | | | 7,261,114 | |
British Land Company plc | | | | | | | 76,726 | | | | 657,270 | |
Bunnings Warehouse Property Trust | | | | | | | 64,135 | | | | 131,197 | |
Calloway REIT | | | | | | | 3,667 | | | | 108,996 | |
Camden Property Trust | | | | | | | 61,400 | | | | 4,263,002 | |
Canadian Apartment Properties | | | | | | | 5,440 | | | | 136,862 | |
Canadian REIT | | | | | | | 4,006 | | | | 169,871 | |
CapitaCommerical Trust | | | | | | | 360,464 | | | | 410,637 | |
CapitaMall Trust | | | | | | | 366,636 | | | | 582,382 | |
Cathay No.1 REIT | | | | | | | 400,000 | | | | 219,692 | |
CBL & Associates Properties Incorporated « | | | | | | | 322,668 | | | | 6,895,415 | |
CDL Hospitality Trusts | | | | | | | 83,000 | | | | 135,170 | |
CFS Retail Property Trust | | | | | | | 289,682 | | | | 573,131 | |
Champion REIT | | | | | | | 178,653 | | | | 78,777 | |
Charter Hall Group | | | | | | | 33,586 | | | | 92,647 | |
Chimera Investment Corporation | | | | | | | 683,673 | | | | 1,736,529 | |
Cofinimmo SA | | | | | | | 1,966 | | | | 216,373 | |
Colonial Properties Trust « | | | | | | | 190,616 | | | | 4,178,303 | |
Commonwealth Property Office Fund | | | | | | | 430,109 | | | | 457,698 | |
Commonwealth REIT | | | | | | | 177,912 | | | | 2,663,343 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 49 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| REITs (continued) | | | | | | | | | | | | |
Corio NV | | | | | | | 4,463 | | | $ | 190,019 | |
Corporate Office Properties Trust | | | | | | | 154,600 | | | | 3,456,856 | |
Cousins Properties Incorporated | | | | | | | 7 | | | | 56 | |
Cromwell Group | | | | | | | 235,031 | | | | 182,117 | |
DA Office Investment Corporation | | | | | | | 60 | | | | 177,023 | |
DB RREEF Trust | | | | | | | 914,608 | | | | 902,405 | |
DCT Industrial Trust Incorporated « | | | | | | | 531,920 | | | | 3,361,734 | |
DDR Corporation « | | | | | | | 157,623 | | | | 2,399,022 | |
Derwent Valley Holdings plc | | | | | | | 8,011 | | | | 243,848 | |
DiamondRock Hospitality « | | | | | | | 413,433 | | | | 3,977,225 | |
Digital Reality Trust Incorporated | | | | | | | 95,922 | | | | 7,147,148 | |
Douglas Emmett Incorporated | | | | | | | 260,340 | | | | 6,245,557 | |
Duke Realty Corporation | | | | | | | 178,000 | | | | 2,581,000 | |
DuPont Fabros Technology Incorporated « | | | | | | | 138,800 | | | | 3,825,328 | |
EastGroup Properties Incorporated | | | | | | | 52,975 | | | | 2,839,460 | |
Emlak Konut GYO AS | | | | | | | 155,837 | | | | 227,862 | |
Entertainment Properties Trust | | | | | | | 87,200 | | | | 3,975,448 | |
Equity Lifestyle Properties Incorporated | | | | | | | 77,525 | | | | 5,330,619 | |
Equity Residential | | | | | | | 62,500 | | | | 3,775,000 | |
Essex Property Trust Incorporated « | | | | | | | 27,909 | | | | 4,241,610 | |
Eurocommercial Properties NV | | | | | | | 1,763 | | | | 62,201 | |
Extra Space Storage Incorporated | | | | | | | 224,000 | | | | 7,640,640 | |
Federal Realty Investment Trust | | | | | | | 50,201 | | | | 5,417,190 | |
Fonciere des Regions | | | | | | | 2,553 | | | | 179,504 | |
Franklin Street Properties Corporation | | | | | | | 157,848 | | | | 1,755,270 | |
Frontier Real Estate Investment Corporation | | | | | | | 32 | | | | 269,340 | |
Fukuoka REIT Corporation | | | | | | | 14 | | | | 97,988 | |
Gecina SA | | | | | | | 2,316 | | | | 221,946 | |
General Growth Properties Incorporated | | | | | | | 46,800 | | | | 963,144 | |
Global One Real Estate Investment Corporation | | | | | | | 14 | | | | 86,187 | |
Golden Land Property Development PCL † | | | | | | | 273,900 | | | | 71,676 | |
Goodman Property Trust | | | | | | | 95,603 | | | | 77,191 | |
GPT Group | | | | | | | 304,105 | | | | 1,102,793 | |
Granite Real Estate Incorporated | | | | | | | 8,300 | | | | 300,593 | |
Great Portland Estates plc | | | | | | | 28,410 | | | | 198,398 | |
H&R REIT | | | | | | | 6,468 | | | | 166,006 | |
Hammerson plc | | | | | | | 65,021 | | | | 471,824 | |
Hankyu REIT Incorporated | | | | | | | 23 | | | | 107,516 | |
Hatteras Financial Corporation | | | | | | | 210,887 | | | | 6,113,614 | |
HCP Incorporated | | | | | | | 50,004 | | | | 2,293,183 | |
Health Care REIT Incorporated | | | | | | | 145,102 | | | | 8,479,761 | |
Healthcare Realty Trust Incorporated « | | | | | | | 167,082 | | | | 4,053,409 | |
Heiwa Real Estate REIT Incorporated | | | | | | | 82 | | | | 51,319 | |
Henderson Investments Limited | | | | | | | 18,000 | | | | 1,346 | |
Home Properties Incorporated | | | | | | | 90,905 | | | | 5,804,284 | |
Hospitality Properties Trust | | | | | | | 269,821 | | | | 6,494,591 | |
Host Hotels & Resorts Incorporated « | | | | | | | 566,200 | | | | 8,662,860 | |
ICADE | | | | | | | 2,399 | | | | 182,556 | |
ING Office Fund | | | | | | | 109,870 | | | | 321,239 | |
Inmuebles Carso SAB de CV † | | | | | | | 62,977 | | | | 48,412 | |
| | | | |
| 50 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| REITs (continued) | | | | | | | | | | | | |
Invesco Mortgage Capital Incorporated | | | | | | | 245,900 | | | $ | 5,038,491 | |
Japan Excellent Incorporated | | | | | | | 23 | | | | 117,798 | |
Japan Logistics Fund Incorporated | | | | | | | 29 | | | | 260,017 | |
Japan Prime Realty Investment Corporation | | | | | | | 126 | | | | 353,724 | |
Japan Real Estate Investment Corporation | | | | | | | 95 | | | | 927,007 | |
Japan Retail Fund Investment Corporation | | | | | | | 335 | | | | 572,489 | |
K-REIT Asia | | | | | | | 131,000 | | | | 117,706 | |
Kenedix Realty Investment | | | | | | | 35 | | | | 114,886 | |
Kilroy Realty Corporation « | | | | | | | 128,795 | | | | 6,080,412 | |
Kimco Realty Corporation « | | | | | | | 269,180 | | | | 5,469,738 | |
Kiwi Income Property Trust | | | | | | | 152,397 | | | | 134,067 | |
Klepierre | | | | | | | 9,609 | | | | 310,132 | |
Land Securities Group plc | | | | | | | 73,977 | | | | 929,144 | |
Lexington Corporate Properties Trust « | | | | | | | 302,858 | | | | 2,840,808 | |
Liberty International plc | | | | | | | 53,384 | | | | 286,339 | |
Liberty Property Trust | | | | | | | 76,232 | | | | 2,811,436 | |
Macerich Company | | | | | | | 102,128 | | | | 6,083,765 | |
Mack-Cali Realty Corporation | | | | | | | 57,908 | | | | 1,546,144 | |
Macquarie Countrywide Trust | | | | | | | 30,315 | | | | 108,993 | |
Macquarie Goodman Group | | | | | | | 267,328 | | | | 1,101,997 | |
Macquarie MEAG Prime REIT | | | | | | | 132,000 | | | | 77,834 | |
Mapletree Logistics Trust | | | | | | | 191,680 | | | | 170,690 | |
Mercialys SA | | | | | | | 3,326 | | | | 68,337 | |
MFA Mortgage Investments Incorporated | | | | | | | 778,843 | | | | 6,378,724 | |
MID REIT Incorporated | | | | | | | 22 | | | | 55,664 | |
Mid-America Apartment Communities Incorporated | | | | | | | 76,250 | | | | 5,185,000 | |
Mirvac Group | | | | | | | 603,654 | | | | 841,948 | |
Mori Hills REIT Corporation | | | | | | | 52 | | | | 221,496 | |
Mori Trust Sogo REIT Incorporated | | | | | | | 33 | | | | 291,666 | |
National Retail Properties Incorporated « | | | | | | | 210,454 | | | | 6,536,701 | |
Nippon Accommodations Fund Incorporated | | | | | | | 38 | | | | 254,320 | |
Nippon Building Fund Incorporated | | | | | | | 94 | | | | 950,865 | |
Nomura Real Estate Office Fund | | | | | | | 43 | | | | 247,417 | |
Omega Healthcare Investors Incorporated « | | | | | | | 232,274 | | | | 5,579,221 | |
ORIX JREIT Incorporated « | | | | | | | 41 | | | | 187,470 | |
Parkway Life REIT | | | | | | | 33,000 | | | | 50,830 | |
Piedmont Office Realty Trust Incorporated « | | | | | | | 114,900 | | | | 1,949,853 | |
Plum Creek Timber Company | | | | | | | 112,700 | | | | 4,612,811 | |
Post Properties Incorporated | | | | | | | 100,346 | | | | 5,122,663 | |
Premier Investment Company | | | | | | | 43 | | | | 155,425 | |
Primaris Retail REIT | | | | | | | 9,400 | | | | 227,431 | |
Prologis Incorporated | | | | | | | 100,084 | | | | 3,419,870 | |
Public Storage Incorporated Class D | | | | | | | 28,797 | | | | 4,191,691 | |
Realty Income Corporation « | | | | | | | 88,251 | | | | 3,718,015 | |
Redwood Trust Incorporated | | | | | | | 156,671 | | | | 2,245,095 | |
Regency Centers Corporation | | | | | | | 61,883 | | | | 3,032,267 | |
RioCan REIT | | | | | | | 11,888 | | | | 333,093 | |
Segro plc | | | | | | | 77,485 | | | | 284,825 | |
Senior Housing Properties Trust | | | | | | | 355,589 | | | | 7,865,629 | |
Shaftesbury plc | | | | | | | 17,198 | | | | 142,137 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 51 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| REITs (continued) | | | | | | | | | | | | |
Simon Property Group Incorporated | | | | | | | 60,286 | | | $ | 9,567,388 | |
SL Green Realty Corporation | | | | | | | 70,900 | | | | 5,714,540 | |
Societe Immobiliere de Location Pour L’industrie et le Commerce | | | | | | | 577 | | | | 56,166 | |
Starwood Property Trust Incorporated | | | | | | | 255,500 | | | | 6,017,025 | |
Stockland Australia | | | | | | | 404,430 | | | | 1,328,721 | |
Sunstone Hotel Investors Incorporated † | | | | | | | 257,446 | | | | 2,685,162 | |
Suntec REIT | | | | | | | 384,000 | | | | 445,150 | |
Taubman Centers Incorporated « | | | | | | | 43,873 | | | | 3,510,717 | |
The Link REIT | | | | | | | 405,352 | | | | 1,808,312 | |
Tokyu REIT Incorporated | | | | | | | 24 | | | | 117,402 | |
Top REIT Incorporated | | | | | | | 21 | | | | 97,899 | |
Two Harbors Investment Corporation | | | | | | | 577,700 | | | | 6,695,543 | |
UDR Incorporated | | | | | | | 174,700 | | | | 4,411,175 | |
Unibail-Rodamco SA | | | | | | | 9,447 | | | | 1,926,737 | |
United Urban Investment Corporation | | | | | | | 354 | | | | 395,167 | |
Vastned Retail NV | | | | | | | 1,059 | | | | 43,157 | |
Vornado Realty Trust | | | | | | | 37,800 | | | | 3,068,226 | |
Washington REIT « | | | | | | | 143,975 | | | | 3,867,169 | |
Weingarten Realty Investors « | | | | | | | 79,614 | | | | 2,223,619 | |
Wereldhave NV | | | | | | | 2,570 | | | | 131,985 | |
Westfield Group | | | | | | | 372,790 | | | | 3,816,815 | |
Westfield Retail Trust | | | | | | | 509,630 | | | | 1,521,655 | |
Weyerhaeuser Company | | | | | | | 67,300 | | | | 1,676,443 | |
| | | | |
| | | | | | | | | | | 358,878,508 | |
| | | | | | | | | | | | |
| | | | |
| Thrifts & Mortgage Finance: 0.41% | | | | | | | | | | | | |
Astoria Financial Corporation « | | | | | | | 199,608 | | | | 2,010,053 | |
Capitol Federal Financial Incorporated | | | | | | | 122,915 | | | | 1,459,001 | |
Genworth Mortgage Insurance Canada Incorporated | | | | | | | 2,068 | | | | 40,972 | |
Home Capital Group Incorporated | | | | | | | 2,379 | | | | 123,083 | |
Housing Development Finance Corporation | | | | | | | 325,744 | | | | 4,305,970 | |
Hudson City Bancorp Incorporated | | | | | | | 324,661 | | | | 2,334,313 | |
LIC Housing Finance Limited | | | | | | | 56,590 | | | | 244,265 | |
New York Community Bancorp Incorporated « | | | | | | | 300,638 | | | | 3,986,460 | |
Ocwen Financial Corporation † | | | | | | | 252,700 | | | | 6,501,971 | |
People’s United Financial Incorporated « | | | | | | | 235,741 | | | | 2,821,820 | |
Provident Financial Services Incorporated | | | | | | | 120,494 | | | | 1,860,427 | |
Washington Federal Incorporated | | | | | | | 228,609 | | | | 3,680,605 | |
| | | | |
| | | | | | | | | | | 29,368,940 | |
| | | | | | | | | | | | |
| | | | |
Health Care: 8.89% | | | | | | | | | | | | |
| | | | |
| Biotechnology: 1.04% | | | | | | | | | | | | |
Acorda Therapeutics Incorporated Ǡ | | | | | | | 71,042 | | | | 1,623,310 | |
Actelion Limited | | | | | | | 11,077 | | | | 523,509 | |
Algeta ASA † | | | | | | | 6,224 | | | | 158,947 | |
Alkermes plc † | | | | | | | 176,444 | | | | 3,237,747 | |
Amgen Incorporated | | | | | | | 98,382 | | | | 8,256,217 | |
Ariad Pharmaceuticals Incorporated Ǡ | | | | | | | 309,000 | | | | 6,353,040 | |
Basilea Pharmaceuticals Limited † | | | | | | | 184 | | | | 9,482 | |
| | | | |
| 52 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Biotechnology (continued) | | | | | | | | | | | | |
Biocon Limited | | | | | | | 8,634 | | | $ | 40,768 | |
Biogen IDEC Incorporated † | | | | | | | 49,807 | | | | 7,301,208 | |
Biota Holdings Limited † | | | | | | | 16,423 | | | | 11,283 | |
Celgene Corporation † | | | | | | | 92,662 | | | | 6,675,370 | |
Cepheid Incorporated Ǡ | | | | | | | 123,154 | | | | 4,647,832 | |
CK Life Sciences International Holdings Incorporated | | | | | | | 702,000 | | | | 48,876 | |
CSL Limited | | | | | | | 93,640 | | | | 4,298,342 | |
Cubist Pharmaceuticals Incorporated † | | | | | | | 116,100 | | | | 5,363,820 | |
Dendreon Corporation Ǡ | | | | | | | 297,052 | | | | 1,333,763 | |
Genmab AS † | | | | | | | 1,600 | | | | 21,201 | |
Grifols SA † | | | | | | | 12,814 | | | | 361,031 | |
Grifols SA - B Shares † | | | | | | | 5,215 | | | | 106,656 | |
Incyte Corporation Ǡ | | | | | | | 180,500 | | | | 3,611,805 | |
Intercell AG † | | | | | | | 1,885 | | | | 4,386 | |
InterMune Incorporated Ǡ | | | | | | | 129,100 | | | | 951,467 | |
Medivation Incorporated † | | | | | | | 67,100 | | | | 7,036,106 | |
Mesoblast Limited †« | | | | | | | 31,890 | | | | 209,214 | |
Nicox SA † | | | | | | | 1,380 | | | | 4,496 | |
PDL BioPharma Incorporated « | | | | | | | 306,668 | | | | 2,257,076 | |
Seattle Genetics Incorporated Ǡ | | | | | | | 185,000 | | | | 4,909,900 | |
Sino Biopharmaceutical Limited | | | | | | | 368,000 | | | | 143,766 | |
Takara Bio Incorporated | | | | | | | 800 | | | | 4,036 | |
Theravance Incorporated Ǡ | | | | | | | 134,200 | | | | 3,579,114 | |
United Therapeutics Corporation † | | | | | | | 37,105 | | | | 2,008,123 | |
Zeltia SA † | | | | | | | 7,262 | | | | 13,108 | |
| | | | |
| | | | | | | | | | | 75,104,999 | |
| | | | | | | | | | | | |
| | | | |
| Health Care Equipment & Supplies: 1.37% | | | | | | | | | | | | |
Alere Incorporated † | | | | | | | 174,964 | | | | 3,285,824 | |
Ansell Limited | | | | | | | 19,623 | | | | 307,346 | |
Baxter International Incorporated | | | | | | | 70,400 | | | | 4,131,072 | |
bioMerieux SA | | | | | | | 1,765 | | | | 154,047 | |
Biosensors International Group Limited † | | | | | | | 199,000 | | | | 197,164 | |
Boston Scientific Corporation † | | | | | | | 976,400 | | | | 5,272,560 | |
CareFusion Corporation † | | | | | | | 150,558 | | | | 3,955,159 | |
Cochlear Limited | | | | | | | 10,052 | | | | 699,964 | |
Coloplast AS Class B | | | | | | | 2,115 | | | | 422,347 | |
Cooper Companies Incorporated | | | | | | | 35,308 | | | | 2,960,576 | |
CR Bard Incorporated | | | | | | | 66,194 | | | | 6,494,293 | |
DiaSorin SpA | | | | | | | 1,623 | | | | 49,565 | |
Edwards Lifesciences Corporation † | | | | | | | 90,491 | | | | 9,240,036 | |
Elekta AB Class B | | | | | | | 8,827 | | | | 449,867 | |
Essilor International SA Cie Generale d’Optique « | | | | | | | 19,946 | | | | 1,740,862 | |
Fisher & Paykel Healthcare Corporation | | | | | | | 81,387 | | | | 140,581 | |
Fresenius SE | | | | | | | 10,622 | | | | 1,133,225 | |
Fukuda Denshi Company Limited | | | | | | | 1,200 | | | | 38,010 | |
Getinge AB | | | | | | | 18,499 | | | | 551,154 | |
GN Store Nord | | | | | | | 30,664 | | | | 414,865 | |
Golden Meditech Company Limited † | | | | | | | 40,000 | | | | 4,538 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 53 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Health Care Equipment & Supplies (continued) | | | | | | | | | | | | |
Haemonetics Corporation † | | | | | | | 45,346 | | | $ | 3,340,640 | |
Hogy Medical Company Limited | | | | | | | 2,000 | | | | 99,112 | |
Hologic Incorporated † | | | | | | | 173,600 | | | | 3,407,768 | |
Hospira Incorporated Ǡ | | | | | | | 125,977 | | | | 4,230,308 | |
IDEXX Laboratories Incorporated Ǡ | | | | | | | 42,637 | | | | 4,053,073 | |
Intuitive Surgical Incorporated † | | | | | | | 8,042 | | | | 3,954,975 | |
JEOL Limited | | | | | | | 3,000 | | | | 6,399 | |
Masimo Corporation † | | | | | | | 94,880 | | | | 2,094,950 | |
Medtronic Incorporated | | | | | | | 126,923 | | | | 5,160,689 | |
Nagaileben Company Limited | | | | | | | 8,000 | | | | 123,431 | |
Nakanishi Incorporated | | | | | | | 1,300 | | | | 136,650 | |
Nihon Kohden Corporation | | | | | | | 6,300 | | | | 213,554 | |
Nikkiso Company Limited | | | | | | | 9,000 | | | | 102,765 | |
Nipro Corporation | | | | | | | 14,600 | | | | 86,524 | |
Nobel Biocare Holding AG | | | | | | | 14,841 | | | | 140,684 | |
Nuvasive Incorporated † | | | | | | | 81,373 | | | | 1,715,343 | |
Olympus Corporation † | | | | | | | 43,700 | | | | 862,335 | |
Olympus Corporation ADR Ǡ | | | | | | | 3,365 | | | | 66,398 | |
Paramount Bed Holdings Company Limited | | | | | | | 2,300 | | | | 70,679 | |
Phonak Holding AG | | | | | | | 4,488 | | | | 416,034 | |
ResMed Incorporated « | | | | | | | 112,551 | | | | 4,228,541 | |
Sirona Dental Systems Incorporated † | | | | | | | 102,381 | | | | 5,440,526 | |
Smith & Nephew plc | | | | | | | 83,542 | | | | 884,791 | |
Steris Corporation | | | | | | | 1,312 | | | | 44,923 | |
Straumann Holding AG | | | | | | | 989 | | | | 117,578 | |
Tecan Group AG | | | | | | | 803 | | | | 54,798 | |
Teleflex Incorporated « | | | | | | | 74,731 | | | | 4,934,488 | |
Terumo Corporation | | | | | | | 33,300 | | | | 1,473,715 | |
Thoratec Corporation † | | | | | | | 107,530 | | | | 3,644,192 | |
TOA Medical Electronics Company | | | | | | | 17,900 | | | | 820,755 | |
Top Glove Corporation Berhad | | | | | | | 104,900 | | | | 177,603 | |
Varian Medical Systems Incorporated Ǡ | | | | | | | 86,876 | | | | 5,107,440 | |
William Demant Holding AS † | | | | | | | 3,503 | | | | 302,159 | |
| | | | |
| | | | | | | | | | | 99,156,875 | |
| | | | | | | | | | | | |
| | | | |
| Health Care Providers & Services: 1.92% | | | | | | | | | | | | |
Aetna Incorporated | | | | | | | 44,700 | | | | 1,716,927 | |
Alfresa Holdings Corporation | | | | | | | 10,400 | | | | 513,392 | |
AMERIGROUP Corporation † | | | | | | | 89,800 | | | | 8,164,616 | |
AS ONE Corporation | | | | | | | 600 | | | | 13,740 | |
Bangkok Chain Hospital PCL | | | | | | | 590,310 | | | | 173,316 | |
Bangkok Dusit Medical Services PCL | | | | | | | 109,900 | | | | 363,001 | |
Brookdale Senior Living Incorporated Ǡ | | | | | | | 183,800 | | | | 3,993,974 | |
Bumrungrad Hospital PCL | | | | | | | 28,900 | | | | 71,939 | |
Cardinal Health Incorporated | | | | | | | 42,900 | | | | 1,696,695 | |
Catamaran Corporation † | | | | | | | 51,388 | | | | 4,478,464 | |
Catamaran Corporation - Canada Exchange † | | | | | | | 5,888 | | | | 511,060 | |
Celesio AG | | | | | | | 9,643 | | | | 176,295 | |
Centene Corporation Ǡ | | | | | | | 97,732 | | | | 3,968,897 | |
| | | | |
| 54 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Health Care Providers & Services (continued) | | | | | | | | | | | | |
Chemed Corporation « | | | | | | | 34,951 | | | $ | 2,307,815 | |
Cigna Corporation | | | | | | | 35,480 | | | | 1,623,920 | |
CML Healthcare Incorporated | | | | | | | 5,496 | | | | 47,837 | |
Community Health Systems Incorporated † | | | | | | | 62,000 | | | | 1,676,480 | |
Coventry Health Care Incorporated | | | | | | | 98,609 | | | | 4,105,093 | |
Davita Incorporated † | | | | | | | 72,292 | | | | 7,031,843 | |
Express Scripts Holding Corporation † | | | | | | | 166,295 | | | | 10,413,393 | |
Fresenius Medical Care AG & Company | | | | | | | 19,133 | | | | 1,379,674 | |
Galenica AG | | | | | | | 419 | | | | 244,896 | |
Health Management Association Incorporated Class A † | | | | | | | 557,953 | | | | 4,273,920 | |
Health Net Incorporated † | | | | | | | 59,200 | | | | 1,376,400 | |
Henry Schein Incorporated Ǡ | | | | | | | 71,482 | | | | 5,490,532 | |
HMS Holdings Corporation Ǡ | | | | | | | 155,279 | | | | 5,350,914 | |
Humana Incorporated | | | | | | | 19,169 | | | | 1,343,364 | |
Laboratory Corporation of America Holdings Ǡ | | | | | | | 76,571 | | | | 6,734,419 | |
Life Healthcare Group Holdings Limited | | | | | | | 84,648 | | | | 321,346 | |
LifePoint Hospitals Incorporated † | | | | | | | 103,097 | | | | 4,167,181 | |
Magellan Health Services Incorporated † | | | | | | | 49,557 | | | | 2,458,523 | |
McKesson Corporation | | | | | | | 49,000 | | | | 4,268,390 | |
Medi-Clinic Corporation « | | | | | | | 105,511 | | | | 549,340 | |
Mediceo Paltac Holdings Company Limited | | | | | | | 42,100 | | | | 602,773 | |
MEDNAX Incorporated † | | | | | | | 91,928 | | | | 6,368,772 | |
Miraca Holdings Incorporated | | | | | | | 10,200 | | | | 456,619 | |
Network Healthcare Holdings Limited | | | | | | | 227,883 | | | | 475,400 | |
Nichii Gakkan Company | | | | | | | 7,200 | | | | 73,844 | |
Omnicare Incorporated | | | | | | | 87,505 | | | | 2,833,412 | |
OPG Groep NV | | | | | | | 3,172 | | | | 37,412 | |
Orpea | | | | | | | 3,644 | | | | 140,574 | |
Otsuka Holdings Company Limited | | | | | | | 74,400 | | | | 2,269,202 | |
Owens & Minor Incorporated « | | | | | | | 139,400 | | | | 3,901,806 | |
Patterson Companies Incorporated | | | | | | | 60,500 | | | | 2,055,185 | |
Pharmaniaga Berhad | | | | | | | 3,366 | | | | 8,295 | |
Primary Health Care Limited | | | | | | | 64,770 | | | | 249,601 | |
Ramsay Health Care Limited | | | | | | | 20,306 | | | | 522,381 | |
Rhoen Klinikum AG | | | | | | | 9,680 | | | | 230,726 | |
Ryman Healthcare Limited | | | | | | | 50,212 | | | | 154,100 | |
Ship Healthcare Holdings Incorporated | | | | | | | 6,600 | | | | 192,028 | |
Sonic Healthcare Limited | | | | | | | 67,881 | | | | 940,460 | |
Southern Cross Healthcare Limited †(a) | | | | | | | 2,071 | | | | 0 | |
Suzuken Company Limited | | | | | | | 14,900 | | | | 504,501 | |
Tenet Healthcare Corporation † | | | | | | | 904,834 | | | | 4,696,088 | |
Toho Pharmaceutical | | | | | | | 10,500 | | | | 188,288 | |
United Drug plc | | | | | | | 34,039 | | | | 111,317 | |
UnitedHealth Group Incorporated | | | | | | | 131,100 | | | | 7,118,730 | |
Universal Health Services Class B | | | | | | | 59,400 | | | | 2,373,030 | |
VCA Antech Incorporated Ǡ | | | | | | | 187,800 | | | | 3,632,052 | |
Vital KSK Holdings Incorporated | | | | | | | 23,100 | | | | 225,114 | |
WellCare Health Plans Incorporated † | | | | | | | 78,400 | | | | 4,444,496 | |
WellPoint Incorporated | | | | | | | 42,900 | | | | 2,568,423 | |
| | | | |
| | | | | | | | | | | 138,382,225 | |
| | | | | | | | | | | | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 55 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Health Care Technology: 0.15% | | | | | | | | | | | | |
Allscripts Healthcare Solutions Incorporated † | | | | | | | 142,643 | | | $ | 1,497,752 | |
Cerner Corporation † | | | | | | | 113,962 | | | | 8,335,181 | |
Quality Systems Incorporated | | | | | | | 69,582 | | | | 1,229,514 | |
| | | | |
| | | | | | | | | | | 11,062,447 | |
| | | | | | | | | | | | |
| | | | |
| Life Sciences Tools & Services: 0.45% | | | | | | | | | | | | |
Bio-Rad Laboratories Incorporated † | | | | | | | 36,067 | | | | 3,620,405 | |
BTG plc † | | | | | | | 17,150 | | | | 82,294 | |
Covance Incorporated † | | | | | | | 43,937 | | | | 2,099,749 | |
Divi’s Laboratories Limited | | | | | | | 12,947 | | | | 265,329 | |
Gerresheimer AG | | | | | | | 3,694 | | | | 185,341 | |
Illumina Incorporated Ǡ | | | | | | | 95,757 | | | | 4,029,455 | |
Life Technologies Corporation Ǡ | | | | | | | 140,435 | | | | 6,700,154 | |
Lonza Group AG | | | | | | | 5,820 | | | | 269,511 | |
Mettler-Toledo International Incorporated † | | | | | | | 25,260 | | | | 4,170,679 | |
Nordion Incorporated | | | | | | | 2,000 | | | | 20,898 | |
QIAGEN NV † | | | | | | | 18,724 | | | | 336,662 | |
Techne Corporation | | | | | | | 69,796 | | | | 4,785,912 | |
Waters Corporation † | | | | | | | 69,065 | | | | 5,538,322 | |
| | | | |
| | | | | | | | | | | 32,104,711 | |
| | | | | | | | | | | | |
| | | | |
| Pharmaceuticals: 3.96% | | | | | | | | | | | | |
Abbott Laboratories | | | | | | | 196,294 | | | | 12,865,109 | |
Alapis Holding Industrial & Commercial SA of Pharmaceutical Chemical Products †(a) | | | | | | | 1,231 | | | | 0 | |
Alexion Pharmaceuticals Incorporated † | | | | | | | 40,008 | | | | 4,289,258 | |
Allergan Incorporated | | | | | | | 63,304 | | | | 5,452,374 | |
Almirall SA | | | | | | | 1,065 | | | | 8,078 | |
Aspen Pharmacare Holdings Limited | | | | | | | 77,630 | | | | 1,325,798 | |
Astellas Pharma Incorporated | | | | | | | 77,000 | | | | 3,756,817 | |
AstraZeneca plc | | | | | | | 120,375 | | | | 5,612,755 | |
Auxilium Pharmaceuticals Incorporated † | | | | | | | 86,343 | | | | 2,011,792 | |
Bayer AG | | | | | | | 77,494 | | | | 6,011,095 | |
BioMarin Pharmaceutical Incorporated Ǡ | | | | | | | 86,197 | | | | 3,218,596 | |
Bristol-Myers Squibb Company | | | | | | | 207,977 | | | | 6,865,321 | |
Cadila Healthcare Limited | | | | | | | 9,434 | | | | 153,827 | |
Cardiome Pharma Corporation † | | | | | | | 3,906 | | | | 1,268 | |
Celltrion Incorporated | | | | | | | 29,730 | | | | 790,005 | |
China Shineway Pharmaceutical Group Limited | | | | | | | 47,000 | | | | 70,779 | |
Chugai Pharmaceutical Company Limited | | | | | | | 41,100 | | | | 818,903 | |
Cipla Limited India | | | | | | | 109,734 | | | | 742,640 | |
Daiichi Sankyo Company Limited | | | | | | | 116,200 | | | | 1,914,528 | |
Dainippon Sumitomo Pharma Company Limited | | | | | | | 27,900 | | | | 307,882 | |
Dong A Pharmaceutical Company Limited | | | | | | | 947 | | | | 79,791 | |
Dr. Reddys Laboratories Limited | | | | | | | 26,403 | | | | 796,291 | |
EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret AS | | | | | | | 62,202 | | | | 63,597 | |
Eisai Company Limited | | | | | | | 47,600 | | | | 2,173,447 | |
Elan Corporation plc † | | | | | | | 41,387 | | | | 473,975 | |
Eli Lilly & Company | | | | | | | 120,900 | | | | 5,429,619 | |
Endo Pharmaceuticals Holdings Incorporated † | | | | | | | 80,061 | | | | 2,547,541 | |
| | | | |
| 56 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Pharmaceuticals (continued) | | | | | | | | | | | | |
Faes Farma SA | | | | | | | 10,131 | | | $ | 18,350 | |
Financiere de Tubize | | | | | | | 2,881 | | | | 103,856 | |
Forest Laboratories Incorporated † | | | | | | | 164,521 | | | | 5,707,233 | |
Furiex Pharmaceuticals Incorporated † | | | | | | | 4,299 | | | | 79,317 | |
Fuso Pharmaceutical Industries Limited | | | | | | | 4,000 | | | | 12,517 | |
GlaxoSmithKline Pharmaceuticals Limited | | | | | | | 11,256 | | | | 424,936 | |
GlaxoSmithKline plc | | | | | | | 490,873 | | | | 11,106,923 | |
Glenmark Pharmaceuticals Limited | | | | | | | 35,144 | | | | 278,593 | |
Green Cross Corporation | | | | | | | 567 | | | | 78,457 | |
H Lundbeck AS | | | | | | | 7,172 | | | | 132,202 | |
Hikma Pharmaceuticals plc | | | | | | | 10,618 | | | | 123,077 | |
Hisamitsu Pharmaceutical Company Incorporated « | | | | | | | 15,000 | | | | 799,860 | |
Hua Han Bio-Pharmaceutical Holdings Limited | | | | | | | 132,480 | | | | 25,622 | |
Ipsen | | | | | | | 1,094 | | | | 26,186 | |
Isis Pharmaceuticals Incorporated Ǡ | | | | | | | 208,300 | | | | 2,834,963 | |
Johnson & Johnson | | | | | | | 340,676 | | | | 22,971,783 | |
Kaken Pharmaceutical Company Limited | | | | | | | 14,000 | | | | 200,268 | |
Kalbe Farma TBK PT | | | | | | | 890,500 | | | | 361,897 | |
Kissei Pharmaceutical Company Limited | | | | | | | 7,200 | | | | 125,341 | |
Kyorin Company Limited | | | | | | | 14,000 | | | | 323,290 | |
Kyowa Hakko Kogyo Company Limited | | | | | | | 54,000 | | | | 603,487 | |
Lupin Limited | | | | | | | 46,564 | | | | 496,487 | |
Meda AB Class A | | | | | | | 25,008 | | | | 246,598 | |
Merck & Company Incorporated | | | | | | | 377,858 | | | | 16,266,787 | |
Merck KGaA | | | | | | | 5,583 | | | | 638,608 | |
Mochida Pharmaceutical Company Limited | | | | | | | 15,000 | | | | 181,046 | |
Mylan Laboratories Incorporated † | | | | | | | 289,600 | | | | 6,825,872 | |
Nektar Therapeutics Ǡ | | | | | | | 240,600 | | | | 2,064,348 | |
Nichi-Iko Pharmaceutical Company Limited | | | | | | | 4,600 | | | | 103,228 | |
Nicholas Piramal India Limited | | | | | | | 11,648 | | | | 100,534 | |
Nippon Shinyaku Company Limited | | | | | | | 9,000 | | | | 108,743 | |
Novartis AG | | | | | | | 251,316 | | | | 14,807,295 | |
Novo Nordisk AS Class B | | | | | | | 37,040 | | | | 5,833,465 | |
Ono Pharmaceutical Company Limited | | | | | | | 19,500 | | | | 1,210,422 | |
Onyx Pharmaceuticals Incorporated † | | | | | | | 119,237 | | | | 8,575,525 | |
Orion Oyj Class A | | | | | | | 2,073 | | | | 42,188 | |
Orion Oyj Class B | | | | | | | 6,483 | | | | 133,078 | |
Par Pharmaceutical Companies Incorporated † | | | | | | | 65,700 | | | | 3,271,860 | |
Perrigo Company « | | | | | | | 66,613 | | | | 7,325,432 | |
Pfizer Incorporated | | | | | | | 932,550 | | | | 22,250,643 | |
Pharmaxis Limited † | | | | | | | 22,924 | | | | 25,579 | |
Questcor Pharmaceuticals Incorporated Ǡ | | | | | | | 107,100 | | | | 4,652,424 | |
Ranbaxy Laboratories Limited † | | | | | | | 34,908 | | | | 346,225 | |
Recordati SpA | | | | | | | 6,569 | | | | 47,138 | |
Regeneron Pharmaceutical Incorporated Ǡ | | | | | | | 57,613 | | | | 8,529,605 | |
Richter Gedeon plc | | | | | | | 3,533 | | | | 602,258 | |
Roche Holding AG | | | | | | | 2,539 | | | | 474,450 | |
Roche Holding AG Genusschein | | | | | | | 67,552 | | | | 12,297,620 | |
Rohto Pharmaceutical Company Limited | | | | | | | 17,000 | | | | 246,440 | |
Salix Pharmaceuticals Limited Ǡ | | | | | | | 97,333 | | | | 4,278,759 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 57 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Pharmaceuticals (continued) | | | | | | | | | | | | |
Sanofi-Aventis SA | | | | | | | 103,985 | | | $ | 8,508,041 | |
Sanofi-Aventis SA ADR « | | | | | | | 17,805 | | | | 729,115 | |
Santen Pharmaceutical Company Limited | | | | | | | 14,800 | | | | 642,697 | |
Savient Pharmaceuticals Incorporated Ǡ | | | | | | | 2,670 | | | | 3,524 | |
Sawai Pharmaceutical Company Limited | | | | | | | 2,300 | | | | 268,497 | |
Seikagaku Corporation | | | | | | | 5,500 | | | | 62,801 | |
Shanghai Pharmaceuticals Holding Company Limited | | | | | | | 103,900 | | | | 177,365 | |
Shionogi & Company Limited | | | | | | | 55,700 | | | | 802,473 | |
Shire Limited | | | | | | | 57,867 | | | | 1,760,501 | |
Sigma Pharmaceuticals Limited | | | | | | | 257,710 | | | | 182,383 | |
Sihuan Pharmaceutical Holdings Group limited | | | | | | | 563,000 | | | | 225,027 | |
Stada Arzneimittel AG | | | | | | | 5,207 | | | | 146,444 | |
Sun Pharmaceutical Industries Limited | | | | | | | 80,181 | | | | 963,469 | |
Taisho Pharmaceutical Holdings Company Limited | | | | | | | 12,000 | | | | 967,112 | |
Takeda Pharmaceutical Company Limited | | | | | | | 129,700 | | | | 6,079,558 | |
Tanabe Seiyaku Company Limited | | | | | | | 40,300 | | | | 597,590 | |
Teva Pharmaceutical Industries Limited | | | | | | | 88,283 | | | | 3,520,808 | |
The United Laboratories International Holdings Limited | | | | | | | 52,500 | | | | 25,655 | |
Towa Pharmaceutical Company Limited | | | | | | | 1,100 | | | | 70,950 | |
Tsumura & Company | | | | | | | 11,100 | | | | 342,095 | |
UCB SA | | | | | | | 8,399 | | | | 412,006 | |
Valeant Pharmaceuticals International Incorporated † | | | | | | | 28,257 | | | | 1,446,747 | |
Vertex Pharmaceuticals Incorporated † | | | | | | | 166,338 | | | | 8,870,806 | |
Warner Chilcott Limited | | | | | | | 135,149 | | | | 1,840,729 | |
Watson Pharmaceuticals Incorporated † | | | | | | | 100,200 | | | | 8,151,270 | |
West Pharmaceutical Services Incorporated « | | | | | | | 61,133 | | | | 2,894,648 | |
Yuhan Corporation | | | | | | | 1,877 | | | | 221,675 | |
Zeria Pharmaceutical Company Limited | | | | | | | 6,000 | | | | 100,773 | |
| | | | |
| | | | | | | | | | | 286,116,660 | |
| | | | | | | | | | | | |
| | | | |
Industrials: 11.77% | | | | | | | | | | | | |
| | | | |
| Aerospace & Defense: 1.31% | | | | | | | | | | | | |
Alliant Techsystems Incorporated | | | | | | | 72,200 | | | | 3,537,078 | |
BAE Systems plc | | | | | | | 307,386 | | | | 1,554,545 | |
Bharat Electronics Limited | | | | | | | 2,301 | | | | 51,336 | |
Bombardier Incorporated Class A « | | | | | | | 12,300 | | | | 45,170 | |
Bombardier Incorporated Class B | | | | | | | 143,159 | | | | 508,300 | |
CAE Incorporated | | | | | | | 20,200 | | | | 206,559 | |
Ceradyne Incorporated « | | | | | | | 45,700 | | | | 1,085,375 | |
Chemring Group plc | | | | | | | 8,445 | | | | 44,117 | |
China Rongsheng Heavy Industry Group Company Limited « | | | | | | | 450,000 | | | | 61,501 | |
Cobham plc | | | | | | | 107,360 | | | | 373,844 | |
Elbit Systems Limited | | | | | | | 1,785 | | | | 55,447 | |
Engility Holdings Incorporated †« | | | | | | | 34,193 | | | | 632,912 | |
Esterline Technologies Corporation † | | | | | | | 57,260 | | | | 3,424,148 | |
European Aeronautic Defence & Space Company | | | | | | | 42,626 | | | | 1,625,606 | |
Exelis Incorporated | | | | | | | 394,173 | | | | 3,981,147 | |
Finmeccanica SpA † | | | | | | | 24,043 | | | | 106,691 | |
General Dynamics Corporation | | | | | | | 36,426 | | | | 2,386,267 | |
| | | | |
| 58 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Aerospace & Defense (continued) | | | | | | | | | | | | |
Huntington Ingalls Industries Incorporated † | | | | | | | 100,130 | | | $ | 4,012,209 | |
L-3 Communications Holdings Incorporated | | | | | | | 65,100 | | | | 4,572,624 | |
Lockheed Martin Corporation | | | | | | | 31,700 | | | | 2,889,138 | |
Meggitt plc | | | | | | | 63,189 | | | | 396,523 | |
MOOG Incorporated Class A † | | | | | | | 75,415 | | | | 2,762,451 | |
MTU Aero Engines Holdings | | | | | | | 4,407 | | | | 336,301 | |
Northrop Grumman Corporation | | | | | | | 29,151 | | | | 1,949,910 | |
Orbital Sciences Corporation † | | | | | | | 124,300 | | | | 1,715,340 | |
Precision Castparts Corporation | | | | | | | 30,896 | | | | 4,976,728 | |
QinetiQ plc | | | | | | | 51,946 | | | | 141,045 | |
Raytheon Company | | | | | | | 42,700 | | | | 2,413,404 | |
Rockwell Collins Incorporated « | | | | | | | 97,800 | | | | 4,779,486 | |
Rolls Royce Holdings plc | | | | | | | 173,435 | | | | 2,260,943 | |
Saab AB | | | | | | | 5,318 | | | | 94,761 | |
Safran SA | | | | | | | 29,204 | | | | 1,023,192 | |
Singapore Technologies Engineering Limited | | | | | | | 264,000 | | | | 722,214 | |
Spirit AeroSystems Holdings Incorporated † | | | | | | | 257,100 | | | | 6,391,506 | |
Teledyne Technologies Incorporated † | | | | | | | 67,854 | | | | 4,377,262 | |
Textron Incorporated « | | | | | | | 216,600 | | | | 5,787,552 | |
Thales SA | | | | | | | 9,751 | | | | 324,036 | |
TransDign Group Incorporated † | | | | | | | 36,440 | | | | 5,051,313 | |
Triumph Group Incorporated | | | | | | | 71,000 | | | | 4,219,530 | |
Ultra Electronics Holdings | | | | | | | 5,405 | | | | 131,825 | |
United Technologies Corporation | | | | | | | 164,459 | | | | 13,132,051 | |
Zodiac Aerospace | | | | | | | 3,466 | | | | 330,540 | |
| | | | |
| | | | | | | | | | | 94,471,927 | |
| | | | | | | | | | | | |
| | | | |
| Air Freight & Logistics: 0.48% | | | | | | | | | | | | |
Bollore Investissement | | | | | | | 935 | | | | 216,392 | |
CH Robinson Worldwide Incorporated « | | | | | | | 34,323 | | | | 1,943,025 | |
Deutsche Post AG | | | | | | | 87,857 | | | | 1,706,773 | |
Expeditors International Washington Incorporated | | | | | | | 167,956 | | | | 6,148,869 | |
FedEx Corporation | | | | | | | 60,500 | | | | 5,301,615 | |
Freightways Limited | | | | | | | 37,588 | | | | 120,793 | |
Glovis Company Limited | | | | | | | 2,888 | | | | 580,336 | |
Goodpack Limited | | | | | | | 41,000 | | | | 60,686 | |
Hub Group Incorporated Class A Ǡ | | | | | | | 66,901 | | | | 2,013,720 | |
Kintetsu World Express Incorporated | | | | | | | 4,600 | | | | 143,355 | |
Mainfreight Limited | | | | | | | 9,747 | | | | 75,567 | |
Oesterreichische Post AG | | | | | | | 4,954 | | | | 166,060 | |
Panalpina Welttransport Holdings AG | | | | | | | 1,522 | | | | 143,081 | |
Singapore Post Limited | | | | | | | 397,000 | | | | 343,971 | |
The Shibusawa Warehouse Company Limited | | | | | | | 2,000 | | | | 5,569 | |
TNT NV | | | | | | | 25,238 | | | | 90,440 | |
Toll Holdings Limited | | | | | | | 126,473 | | | | 604,981 | |
United Parcel Service Incorporated Class B | | | | | | | 151,300 | | | | 11,167,453 | |
UTI Worldwide Incorporated | | | | | | | 216,207 | | | | 2,968,522 | |
Yamato Holdings Company Limited | | | | | | | 74,200 | | | | 1,232,007 | |
| | | | |
| | | | | | | | | | | 35,033,215 | |
| | | | | | | | | | | | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 59 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Airlines: 0.42% | | | | | | | | | | | | |
Air China | | | | | | | 534,000 | | | $ | 321,531 | |
Air France-KLM †« | | | | | | | 16,025 | | | | 80,786 | |
Airasia Berhad | | | | | | | 365,000 | | | | 403,024 | |
Alaska Air Group Incorporated † | | | | | | | 132,198 | | | | 4,435,243 | |
All Nippon Airways Company Limited | | | | | | | 169,000 | | | | 373,421 | |
Asiana Airlines † | | | | | | | 21,610 | | | | 147,035 | |
Cathay Pacific Airways Limited | | | | | | | 167,000 | | | | 272,163 | |
China Airlines † | | | | | | | 594,775 | | | | 228,370 | |
Chorus Aviation Incorporated | | | | | | | 63 | | | | 236 | |
Delta Air Lines Incorporated † | | | | | | | 559,900 | | | | 4,843,135 | |
Deutsche Lufthansa AG | | | | | | | 24,014 | | | | 296,309 | |
easyJet plc | | | | | | | 15,677 | | | | 132,180 | |
Eva Airways Corporation | | | | | | | 355,165 | | | | 199,218 | |
International Consolidated Airlines - United Kingdom Exchange † | | | | | | | 72,922 | | | | 164,189 | |
JetBlue Airways Corporation Ǡ | | | | | | | 499,644 | | | | 2,448,256 | |
Korean Air Lines Company Limited † | | | | | | | 7,869 | | | | 329,428 | |
LAN Airlines SA | | | | | | | 48,757 | | | | 1,158,952 | |
Malaysian Airline System Berhad † | | | | | | | 46,134 | | | | 15,504 | |
Qantas Airways Limited † | | | | | | | 166,030 | | | | 197,264 | |
Ryanair Holdings plc ADR † | | | | | | | 16,200 | | | | 502,848 | |
SAS AB † | | | | | | | 22,716 | | | | 22,125 | |
Singapore Airlines Limited | | | | | | | 90,200 | | | | 770,662 | |
Southwest Airlines Company | | | | | | | 508,400 | | | | 4,545,096 | |
Thai Airways International PCL † | | | | | | | 76,300 | | | | 50,161 | |
Turk Hava Yollari Anonim Ortakligi † | | | | | | | 95,852 | | | | 189,681 | |
United Continental Holdings Incorporated Ǡ | | | | | | | 228,600 | | | | 4,217,670 | |
US Airways Group Incorporated Ǡ | | | | | | | 350,900 | | | | 3,740,594 | |
Virgin Australia Holdings Limited | | | | | | | 177,317 | | | | 82,438 | |
Virgin Australia International Holdings †(a) | | | | | | | 177,317 | | | | 0 | |
WestJet Airlines Limited | | | | | | | 1,900 | | | | 32,863 | |
| | | | |
| | | | | | | | | | | 30,200,382 | |
| | | | | | | | | | | | |
| | | | |
| Building Products: 0.36% | | | | | | | | | | | | |
Aica Kogyo Company Limited | | | | | | | 8,600 | | | | 138,070 | |
Asahi Glass Company Limited | | | | | | | 202,000 | | | | 1,222,913 | |
Assa Abloy AB Class B | | | | | | | 30,983 | | | | 947,428 | |
Bunka Shutter Company Limited | | | | | | | 3,000 | | | | 13,066 | |
Central Glass Company Limited | | | | | | | 31,000 | | | | 101,360 | |
Cersanit-Krasnystaw SA † | | | | | | | 26,430 | | | | 17,703 | |
China National Building Material Company Limited | | | | | | | 496,000 | | | | 464,284 | |
Compagnie de Saint-Gobain | | | | | | | 44,910 | | | | 1,540,705 | |
CSR Limited | | | | | | | 78,315 | | | | 110,039 | |
Daikin Industries Limited | | | | | | | 50,600 | | | | 1,347,481 | |
Dynasty Ceramic PCL | | | | | | | 101,100 | | | | 166,967 | |
Fortune Brands Home & Security Incorporated † | | | | | | | 117,446 | | | | 2,994,873 | |
Geberit AG | | | | | | | 3,443 | | | | 725,962 | |
GWA International Limited | | | | | | | 45,042 | | | | 89,813 | |
Hastie Group Limited †(a) | | | | | | | 2,554 | | | | 0 | |
Hills Industries Limited | | | | | | | 20,176 | | | | 24,910 | |
| | | | |
| 60 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Building Products (continued) | | | | | | | | | | | | |
JS Group Corporation | | | | | | | 51,100 | | | $ | 1,097,121 | |
Kaba Holding | | | | | | | 154 | | | | 59,764 | |
KCC Corporation | | | | | | | 1,033 | | | | 257,653 | |
Kingspan Group plc | | | | | | | 16,453 | | | | 162,328 | |
Lennox International Incorporated | | | | | | | 88,358 | | | | 4,197,889 | |
Lindab International AB | | | | | | | 10,324 | | | | 74,208 | |
Masco Corporation | | | | | | | 248,178 | | | | 3,514,200 | |
Nibe Industrier AB B Shares NPV | | | | | | | 13,413 | | | | 214,699 | |
Nichias Corporation | | | | | | | 17,000 | | | | 87,720 | |
Nippon Sheet Glass Company Limited | | | | | | | 143,000 | | | | 100,453 | |
Nitto Boseki Company Limited | | | | | | | 27,000 | | | | 92,420 | |
Noritz Corporation | | | | | | | 6,700 | | | | 119,033 | |
Owens Corning Incorporated † | | | | | | | 76,600 | | | | 2,555,376 | |
Rockwool International AS A Shares | | | | | | | 100 | | | | 8,761 | |
Rockwool International AS B Shares | | | | | | | 400 | | | | 35,448 | |
Sankyo-Tateyama Holdings Incorporated | | | | | | | 46,000 | | | | 92,241 | |
Sanwa Shutter Corporation | | | | | | | 36,000 | | | | 149,895 | |
Sekisui Jushi Corporation | | | | | | | 2,000 | | | | 20,436 | |
Taiwan Glass Industrial Corporation | | | | | | | 343,581 | | | | 341,275 | |
Takara Standard Company Limited | | | | | | | 15,000 | | | | 113,034 | |
Takasago Thermal Engineering Company | | | | | | | 10,000 | | | | 77,272 | |
TOTO Limited | | | | | | | 64,000 | | | | 477,374 | |
Trakya Cam Sanayi AS † | | | | | | | 30,523 | | | | 36,241 | |
Ultratech Cement Limited GDR | | | | | | | 1,352 | | | | 41,171 | |
Uponor Oyj | | | | | | | 2,800 | | | | 28,263 | |
USG Corporation Ǡ | | | | | | | 119,400 | | | | 2,454,864 | |
Vanachai Group PCL | | | | | | | 331,800 | | | | 50,191 | |
Wienerberger AG | | | | | | | 10,742 | | | | 82,446 | |
| | | | |
| | | | | | | | | | | 26,447,350 | |
| | | | | | | | | | | | |
| | | | |
| Commercial Services & Supplies: 1.38% | | | | | | | | | | | | |
ABM Industries Incorporated | | | | | | | 99,974 | | | | 2,021,474 | |
Adecco SA | | | | | | | 12,375 | | | | 561,263 | |
Aeon Delight Company Limited « | | | | | | | 8,900 | | | | 206,089 | |
Aggreko plc | | | | | | | 25,249 | | | | 946,163 | |
Asahi Holdings Incorporated | | | | | | | 8,000 | | | | 132,422 | |
Avery Dennison Corporation « | | | | | | | 71,100 | | | | 2,220,453 | |
Babcock International Group | | | | | | | 33,488 | | | | 498,240 | |
Brambles Limited | | | | | | | 274,884 | | | | 1,934,015 | |
Bureau Veritas SA | | | | | | | 5,895 | | | | 543,870 | |
Cabcharge Australia Limited | | | | | | | 26,928 | | | | 154,961 | |
Capita Group plc | | | | | | | 46,993 | | | | 538,741 | |
Cintas Corporation « | | | | | | | 74,400 | | | | 3,007,248 | |
Clean Harbors Incorporated † | | | | | | | 84,904 | | | | 4,617,929 | |
Copart Incorporated † | | | | | | | 88,890 | | | | 2,374,252 | |
Dai Nippon Printing Company Limited | | | | | | | 113,000 | | | | 801,009 | |
Daiseki Company Limited | | | | | | | 6,700 | | | | 109,363 | |
Davis Service Group plc | | | | | | | 8,093 | | | | 69,778 | |
De La Rue plc | | | | | | | 11,470 | | | | 190,140 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 61 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Commercial Services & Supplies (continued) | | | | | | | | | | | | |
Deluxe Corporation « | | | | | | | 111,838 | | | $ | 3,172,844 | |
Downer EDI Limited † | | | | | | | 76,754 | | | | 282,302 | |
Duskin Company Limited | | | | | | | 8,400 | | | | 168,118 | |
Edenred | | | | | | | 13,908 | | | | 371,562 | |
Equifax Incorporated | | | | | | | 84,600 | | | | 3,872,988 | |
Experian Group Limited | | | | | | | 104,782 | | | | 1,670,437 | |
FTI Consulting Incorporated Ǡ | | | | | | | 74,783 | | | | 1,945,106 | |
G&K Services Incorporated Class A | | | | | | | 39,300 | | | | 1,232,841 | |
G4S plc | | | | | | | 126,965 | | | | 510,052 | |
Gategroup Holding AG | | | | | | | 1,692 | | | | 40,763 | |
Hays plc | | | | | | | 95,742 | | | | 104,517 | |
HNI Corporation | | | | | | | 79,100 | | | | 2,192,652 | |
HomeServe plc | | | | | | | 13,090 | | | | 45,935 | |
IHS Incorporated «† | | | �� | | | | 44,323 | | | | 5,054,595 | |
Intertek Group plc | | | | | | | 15,050 | | | | 672,705 | |
Intrum Justitia AB | | | | | | | 10,031 | | | | 148,067 | |
Itoki Corporation | | | | | | | 1,000 | | | | 5,939 | |
KEPCO Plant Service & Engineering Company Limited | | | | | | | 3,274 | | | | 144,565 | |
Kokuyo Company Limited | | | | | | | 16,700 | | | | 129,044 | |
Kyodo Printing Company Limited | | | | | | | 6,000 | | | | 14,024 | |
Loomis AB | | | | | | | 8,827 | | | | 115,299 | |
Manpower Incorporated | | | | | | | 53,100 | | | | 1,970,541 | |
Matsuda Sangyo Company Limited | | | | | | | 1,800 | | | | 27,151 | |
MEITEC Corporation | | | | | | | 7,200 | | | | 159,642 | |
Michael Page International plc | | | | | | | 20,623 | | | | 118,672 | |
Mine Safety Appliances Company | | | | | | | 70,000 | | | | 2,440,900 | |
Mineral Resources Limited | | | | | | | 21,491 | | | | 159,199 | |
Mitie Group | | | | | | | 40,984 | | | | 186,054 | |
Mitsubishi Pencil Company Limited | | | | | | | 3,600 | | | | 65,383 | |
Moshi Moshi Hotline Incorporated | | | | | | | 3,700 | | | | 54,204 | |
Nippon Kanzai Company Limited | | | | | | | 500 | | | | 9,624 | |
Nissha Printing Company Limited « | | | | | | | 3,900 | | | | 37,409 | |
Okamura Corporation | | | | | | | 13,000 | | | | 105,435 | |
Oyo Corporation | | | | | | | 1,000 | | | | 11,150 | |
Parexel International Corporation † | | | | | | | 2,000 | | | | 57,580 | |
Park24 Company Limited | | | | | | | 21,100 | | | | 347,916 | |
Pilot Corporation | | | | | | | 29 | | | | 52,929 | |
Pitney Bowes Incorporated « | | | | | | | 124,500 | | | | 1,663,320 | |
PMP Limited | | | | | | | 14,400 | | | | 4,463 | |
Poyry Oyj | | | | | | | 835 | | | | 3,224 | |
Programmed Maintenance Services Limited | | | | | | | 9,887 | | | | 22,983 | |
Progressive Waste Solutions Limited | | | | | | | 12,017 | | | | 238,450 | |
Prosegur Compania de Seguridad SA | | | | | | | 26,730 | | | | 131,122 | |
Randstad Holdings NV | | | | | | | 8,837 | | | | 287,327 | |
Regus plc | | | | | | | 29,594 | | | | 48,917 | |
Rentokil Initial plc | | | | | | | 129,934 | | | | 158,760 | |
Republic Services Incorporated | | | | | | | 35,200 | | | | 973,280 | |
Resources Global Professionals | | | | | | | 85,800 | | | | 959,244 | |
Ritchie Bros Auctioneers Incorporated | | | | | | | 6,229 | | | | 116,081 | |
RPS Group plc | | | | | | | 38,863 | | | | 149,767 | |
| | | | |
| 62 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Commercial Services & Supplies (continued) | | | | | | | | | | | | |
RR Donnelley & Sons Company « | | | | | | | 123,500 | | | $ | 1,356,030 | |
S1 Corporation Incorporated (Korea) | | | | | | | 4,378 | | | | 227,654 | |
SAI Global Limited | | | | | | | 29,563 | | | | 131,335 | |
Salmat Limited | | | | | | | 5,981 | | | | 15,943 | |
Sato Corporation | | | | | | | 7,500 | | | | 113,417 | |
Secom Company Limited | | | | | | | 37,700 | | | | 1,904,381 | |
Securitas AB | | | | | | | 25,461 | | | | 189,779 | |
SEEK Limited | | | | | | | 58,955 | | | | 434,284 | |
Serco Group plc | | | | | | | 48,699 | | | | 434,963 | |
SGS Societe Generale de Surveillance Holding SA | | | | | | | 519 | | | | 1,047,024 | |
Shanks Group plc | | | | | | | 6,285 | | | | 8,962 | |
Societe BIC SA | | | | | | | 2,766 | | | | 297,704 | |
Sohgo Security Services Company Limited | | | | | | | 11,000 | | | | 162,271 | |
Stantec Incorporated | | | | | | | 3,535 | | | | 113,142 | |
Stericycle Incorporated Ǡ | | | | | | | 67,331 | | | | 6,162,133 | |
Taiwan Secom Company Limited | | | | | | | 64,000 | | | | 131,415 | |
Teleperformance | | | | | | | 6,361 | | | | 157,377 | |
Temp Holdings Company Limited « | | | | | | | 5,500 | | | | 65,822 | |
Tetra Tech Incorporated † | | | | | | | 132,500 | | | | 3,437,050 | |
The Brink’s Company | | | | | | | 102,700 | | | | 2,286,102 | |
The GEO Group Incorporated « | | | | | | | 134,900 | | | | 3,549,219 | |
Tomra Systems ASA | | | | | | | 7,776 | | | | 66,954 | |
Toppan Forms Company Limited | | | | | | | 6,500 | | | | 59,857 | |
Toppan Printing Company Limited | | | | | | | 113,000 | | | | 661,013 | |
Towers Watson & Company | | | | | | | 108,575 | | | | 5,897,794 | |
Transcontinental Incorporated | | | | | | | 3,424 | | | | 34,075 | |
Transfield Services Limited | | | | | | | 59,595 | | | | 112,982 | |
Transpacific Industries Group Limited † | | | | | | | 162,245 | | | | 149,185 | |
TrueBlue Incorporated † | | | | | | | 84,331 | | | | 1,309,660 | |
Uchida Yoko Company Limited | | | | | | | 2,000 | | | | 5,186 | |
United Stationers Incorporated « | | | | | | | 89,700 | | | | 2,169,843 | |
USG People NV | | | | | | | 2,957 | | | | 21,743 | |
Verisk Analytics Incorporated Class A † | | | | | | | 107,824 | | | | 5,231,620 | |
Waste Connections Incorporated « | | | | | | | 219,748 | | | | 6,361,705 | |
Waste Management Incorporated | | | | | | | 53,853 | | | | 1,862,237 | |
| | | | |
| | | | | | | | | | | 99,552,353 | |
| | | | | | | | | | | | |
| | | | |
| Construction & Engineering: 0.77% | | | | | | | | | | | | |
Abengoa SA | | | | | | | 2,020 | | | | 34,948 | |
Actividades de Construccion y Servicios SA | | | | | | | 12,721 | | | | 252,649 | |
Aecom Technology Corporation † | | | | | | | 68,800 | | | | 1,334,032 | |
Aecon Group Incorporated | | | | | | | 8,690 | | | | 108,873 | |
Aegion Corporation † | | | | | | | 81,100 | | | | 1,583,072 | |
Arcadis NV | | | | | | | 6,310 | | | | 131,750 | |
Ausenco Limited | | | | | | | 9,573 | | | | 29,671 | |
Aveng Limited | | | | | | | 81,611 | | | | 298,842 | |
Balfour Beatty plc | | | | | | | 61,174 | | | | 272,367 | |
Bilfinger Berger AG | | | | | | | 3,681 | | | | 309,420 | |
Boart Longyear Group | | | | | | | 89,116 | | | | 129,819 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 63 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Construction & Engineering (continued) | | | | | | | | | | | | |
Bouygues SA | | | | | | | 20,929 | | | $ | 520,567 | |
Budimex SA | | | | | | | 489 | | | | 7,067 | |
Cardno Limited | | | | | | | 31,708 | | | | 244,383 | |
Carillion plc | | | | | | | 47,881 | | | | 211,053 | |
CH Karnchang PCL | | | | | | | 184,900 | | | | 41,895 | |
China Communications Construction Company Limited | | | | | | | 1,015,779 | | | | 780,568 | |
China Railway Construction Corporation | | | | | | | 282,500 | | | | 213,443 | |
China Railway Group Limited Class H | | | | | | | 552,000 | | | | 207,820 | |
Chiyoda Corporation | | | | | | | 31,000 | | | | 407,817 | |
Chudenko Corporation | | | | | | | 3,900 | | | | 37,608 | |
Chugai Ro Company Limited | | | | | | | 3,000 | | | | 8,698 | |
Cintra Concesiones de Infraestructuras de Transporte SA | | | | | | | 38,349 | | | | 452,689 | |
Comsys Holdings Corporation | | | | | | | 25,400 | | | | 324,414 | |
CTCI Corporation | | | | | | | 200,000 | | | | 378,618 | |
Daelim Industrial Company Limited | | | | | | | 5,332 | | | | 417,302 | |
Daewoo Engineering & Construction Company Limited † | | | | | | | 57,764 | | | | 509,102 | |
Dialog Group Berhad | | | | | | | 359,032 | | | | 270,035 | |
Doosan Heavy Industries & Construction Company Limited | | | | | | | 10,144 | | | | 529,272 | |
Eiffage SA | | | | | | | 4,842 | | | | 150,460 | |
EMCOR Group Incorporated | | | | | | | 123,732 | | | | 3,418,715 | |
FLSmidth & Company A/S « | | | | | | | 5,428 | | | | 305,203 | |
Fluor Corporation | | | | | | | 131,400 | | | | 6,767,100 | |
Fomento de Construcciones y Contratas SA | | | | | | | 2,658 | | | | 33,429 | |
Gamuda Berhad | | | | | | | 314,200 | | | | 346,932 | |
GS Engineering & Construction Corporation | | | | | | | 7,290 | | | | 451,037 | |
Hellenic Technodomiki Tev SA † | | | | | | | 6,620 | | | | 10,242 | |
Hibiya Engineering Limited | | | | | | | 2,000 | | | | 23,526 | |
Hochtief AG † | | | | | | | 4,214 | | | | 197,492 | |
Housing & Construction Holdings Limited | | | | | | | 10,493 | | | | 14,342 | |
Hyundai Development Company | | | | | | | 11,203 | | | | 205,868 | |
Hyundai Engineering & Construction Company Limited | | | | | | | 13,369 | | | | 747,026 | |
IJM Corporation Berhad | | | | | | | 221,620 | | | | 364,579 | |
Impregilo SpA | | | | | | | 13,306 | | | | 48,033 | |
Imtech NV | | | | | | | 9,742 | | | | 251,932 | |
Interserve plc | | | | | | | 5,387 | | | | 30,631 | |
IRB Infrastructure Developers Limited | | | | | | | 22,390 | | | | 50,415 | |
Italian-Thai Development PCL † | | | | | | | 82,400 | | | | 8,888 | |
Jacobs Engineering Group Incorporated † | | | | | | | 97,513 | | | | 3,855,664 | |
JGC Corporation | | | | | | | 44,000 | | | | 1,354,365 | |
Kajima Corporation | | | | | | | 186,000 | | | | 515,512 | |
Kandenko Company Limited | | | | | | | 15,000 | | | | 73,185 | |
KBR Incorporated | | | | | | | 100,500 | | | | 2,722,545 | |
KEPCO Engineering & Construction Company Incorporated | | | | | | | 1,785 | | | | 123,969 | |
Kier Group plc | | | | | | | 2,848 | | | | 58,382 | |
Kinden Corporation | | | | | | | 32,000 | | | | 198,225 | |
Koninklijke Bam Groep NV | | | | | | | 27,683 | | | | 79,041 | |
Koninklijke Boskalis Westminster NV | | | | | | | 5,881 | | | | 198,761 | |
Kvaerner ASA | | | | | | | 10,061 | | | | 24,739 | |
Kyowa Exeo Corporation | | | | | | | 21,600 | | | | 231,739 | |
Kyudenko Corporation | | | | | | | 2,000 | | | | 10,141 | |
| | | | |
| 64 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Construction & Engineering (continued) | | | | | | | | | | | | |
Lanco Infratech Limited † | | | | | | | 198,580 | | | $ | 39,448 | |
Larsen & Toubro Limited | | | | | | | 24,964 | | | | 602,681 | |
Larsen & Toubro Limited SP GDR | | | | | | | 19,347 | | | | 474,002 | |
Leighton Holdings Limited | | | | | | | 28,368 | | | | 468,641 | |
Macmahon Holdings Limited | | | | | | | 78,049 | | | | 47,979 | |
Maeda Corporation | | | | | | | 23,000 | | | | 98,410 | |
Maeda Road Construction Company Limited | | | | | | | 10,000 | | | | 126,573 | |
Malaysia Marine and Heavy Engineering | | | | | | | 135,600 | | | | 207,447 | |
Mirait Holdings Corporation | | | | | | | 21,600 | | | | 154,493 | |
Monadelphous Group Limited | | | | | | | 13,349 | | | | 277,072 | |
Murray & Roberts Holdings Limited † | | | | | | | 50,932 | | | | 132,194 | |
NCC AB | | | | | | | 8,600 | | | | 157,138 | |
NEC Networks & System Integration Corporation | | | | | | | 3,600 | | | | 63,406 | |
Nippo Corporation | | | | | | | 8,000 | | | | 87,362 | |
Nippon Densetsu Kogyo Company Limited | | | | | | | 8,000 | | | | 75,101 | |
Nippon Koei Company Limited | | | | | | | 7,000 | | | | 23,692 | |
Nishimatsu Construction Company Limited | | | | | | | 77,000 | | | | 118,999 | |
Obayashi Corporation | | | | | | | 135,000 | | | | 586,244 | |
Obrascon Huarte Lain SA | | | | | | | 2,064 | | | | 43,277 | |
Okumura Corporation | | | | | | | 26,000 | | | | 81,359 | |
Orascom Construction Industries | | | | | | | 19,126 | | | | 869,935 | |
Outotec Oyj | | | | | | | 3,997 | | | | 180,585 | |
Peab AB | | | | | | | 21,523 | | | | 95,619 | |
Penta-Ocean Construction Company Limited | | | | | | | 35,500 | | | | 82,521 | |
Polimex Mostostal SA | | | | | | | 86,564 | | | | 13,582 | |
Power Line Engineering PCL | | | | | | | 244,400 | | | | 9,204 | |
Punj Lloyd Limited | | | | | | | 22,537 | | | | 17,969 | |
PYI Corporation Limited | | | | | | | 108,017 | | | | 2,382 | |
Quanta Services Incorporated † | | | | | | | 140,900 | | | | 3,381,600 | |
Sacyr Vallehermoso SA † | | | | | | | 7,402 | | | | 12,615 | |
Samsung Engineering Company Limited | | | | | | | 5,786 | | | | 981,650 | |
Sanki Engineering Company Limited | | | | | | | 2,000 | | | | 9,911 | |
Shaw Group Incorporated † | | | | | | | 121,509 | | | | 5,113,099 | |
Shimizu Corporation | | | | | | | 138,000 | | | | 440,641 | |
Sho-Bond Holdings Company Limited | | | | | | | 3,300 | | | | 110,808 | |
Sino Thai Engineering & Construction PCL | | | | | | | 291,300 | | | | 158,037 | |
Skanska AB | | | | | | | 34,816 | | | | 536,262 | |
SNC-Lavalin Group Incorporated « | | | | | | | 14,400 | | | | 511,286 | |
Socam Development Limited | | | | | | | 34,063 | | | | 31,841 | |
Strabag SE | | | | | | | 1,052 | | | | 23,646 | |
Taihei Dengyo Kaisha Limited | | | | | | | 2,000 | | | | 12,772 | |
Taikisha Limited | | | | | | | 8,000 | | | | 182,591 | |
Taisei Corporation | | | | | | | 206,000 | | | | 560,419 | |
Tekfen Holding AS | | | | | | | 24,015 | | | | 88,710 | |
Toa Corporation | | | | | | | 31,000 | | | | 49,096 | |
Toda Corporation | | | | | | | 49,000 | | | | 143,317 | |
Toenec Corporation | | | | | | | 2,000 | | | | 11,291 | |
Tokyo Energy & Systems Incorporated | | | | | | | 1,000 | | | | 4,662 | |
Tokyu Construction Company Limited | | | | | | | 3,880 | | | | 7,632 | |
Toshiba Plant Systems & Services Corporation | | | | | | | 6,000 | | | | 71,346 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 65 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Construction & Engineering (continued) | | | | | | | | | | | | |
Toyo Engineering Corporation | | | | | | | 20,000 | | | $ | 78,677 | |
United Construction Group Limited | | | | | | | 30,880 | | | | 332,755 | |
United Engineers | | | | | | | 59,000 | | | | 107,918 | |
URS Corporation | | | | | | | 52,400 | | | | 1,907,884 | |
Vinci SA | | | | | | | 53,749 | | | | 2,338,474 | |
Voltas Limited | | | | | | | 51,077 | | | | 101,190 | |
WS Atkins plc | | | | | | | 5,238 | | | | 55,018 | |
YIT Oyj | | | | | | | 11,040 | | | | 203,709 | |
Yokogawa Bridge Holdings Corporation | | | | | | | 2,000 | | | | 14,382 | |
| | | | |
| | | | | | | | | | | 55,640,466 | |
| | | | | | | | | | | | |
| | | | |
| Electrical Equipment: 1.06% | | | | | | | | | | | | |
ABB Limited | | | | | | | 217,672 | | | | 3,787,087 | |
ABB Limited (India) | | | | | | | 14,757 | | | | 189,407 | |
Acuity Brands Incorporated | | | | | | | 77,522 | | | | 4,973,812 | |
Alstom SA | | | | | | | 17,642 | | | | 628,202 | |
Ametek Incorporated | | | | | | | 190,068 | | | | 6,521,233 | |
Areva T&D India Limited | | | | | | | 5,981 | | | | 19,849 | |
Babcock & Wilcox Company † | | | | | | | 222,618 | | | | 5,491,986 | |
Bekaert SA | | | | | | | 3,186 | | | | 83,193 | |
Bharat Heavy Electricals limited | | | | | | | 169,878 | | | | 651,263 | |
Brady Corporation Class A | | | | | | | 95,400 | | | | 2,678,832 | |
China High Speed Transmission Equipment Group Company Limited † | | | | | | | 130,000 | | | | 39,892 | |
Chiyoda Integre Company Limited | | | | | | | 1,900 | | | | 20,821 | |
Cooper Industries plc | | | | | | | 107,400 | | | | 7,856,310 | |
Cosel Company Limited | | | | | | | 2,700 | | | | 35,761 | |
Crompton Greaves Limited | | | | | | | 60,032 | | | | 116,449 | |
Daihen Corporation | | | | | | | 18,000 | | | | 50,348 | |
Denyo Company Limited | | | | | | | 3,200 | | | | 35,108 | |
Elswedy Cables Holding Company | | | | | | | 9,692 | | | | 38,036 | |
Fuji Electric Holdings Company Limited | | | | | | | 96,000 | | | | 190,050 | |
Fujikura Limited | | | | | | | 48,000 | | | | 144,684 | |
Furukawa Electric Company Limited | | | | | | | 135,000 | | | | 263,810 | |
Futaba Corporation | | | | | | | 3,800 | | | | 48,826 | |
Gamesa Corporation Tecnologica SA « | | | | | | | 8,248 | | | | 15,406 | |
Graftech International Limited Ǡ | | | | | | | 282,835 | | | | 2,650,164 | |
GS Yuasa Corporation « | | | | | | | 62,000 | | | | 234,396 | |
Hitachi Cable Limited † | | | | | | | 28,000 | | | | 38,623 | |
Hubbell Incorporated Class B | | | | | | | 35,132 | | | | 2,839,368 | |
Huber & Suhner AG | | | | | | | 893 | | | | 36,760 | |
Idec Corporation | | | | | | | 4,700 | | | | 40,700 | |
Johnson Electric Holdings Limited | | | | | | | 219,000 | | | | 128,476 | |
Legrand SA | | | | | | | 21,504 | | | | 743,136 | |
Lite-On IT Corporation | | | | | | | 51,980 | | | | 44,863 | |
LS Cable Limited | | | | | | | 3,836 | | | | 296,839 | |
LS Industrial Systems Company Limited | | | | | | | 3,641 | | | | 206,980 | |
Mabuchi Motor Company Limited | | | | | | | 5,800 | | | | 241,127 | |
Mitsubishi Electric Corporation | | | | | | | 389,000 | | | | 3,159,895 | |
NEC Corporation † | | | | | | | 451,149 | | | | 645,363 | |
| | | | |
| 66 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Electrical Equipment (continued) | | | | | | | | | | | | |
Neo Neon Holdings Limited | | | | | | | 163,500 | | | $ | 32,675 | |
Nexans SA | | | | | | | 1,685 | | | | 78,492 | |
Nidec Copal Corporation | | | | | | | 2,800 | | | | 23,281 | |
Nidec Corporation | | | | | | | 23,400 | | | | 1,841,037 | |
Nippon Signal Company Limited | | | | | | | 4,700 | | | | 29,114 | |
Nissin Electric Company Limited | | | | | | | 8,000 | | | | 53,848 | |
Nitto Kogyo Corporation | | | | | | | 9,700 | | | | 159,571 | |
Nordex AG † | | | | | | | 816 | | | | 3,224 | |
Ormat Industries | | | | | | | 3,095 | | | | 14,803 | |
PerkinElmer Incorporated | | | | | | | 214,100 | | | | 5,844,930 | |
Polypore International Incorporated Ǡ | | | | | | | 75,500 | | | | 2,447,710 | |
Prysmian SpA | | | | | | | 18,370 | | | | 307,538 | |
Regal-Beloit Corporation | | | | | | | 77,971 | | | | 5,306,706 | |
Roper Industries Incorporated « | | | | | | | 77,145 | | | | 7,929,735 | |
Samsung Electro-Mechanics Company Limited | | | | | | | 11,541 | | | | 989,701 | |
Sanyo Denki Company Limited | | | | | | | 6,000 | | | | 30,730 | |
Schneider Electric SA | | | | | | | 54,148 | | | | 3,419,670 | |
SGL Carbon AG « | | | | | | | 3,056 | | | | 117,775 | |
Shihlin Electric | | | | | | | 118,000 | | | | 137,104 | |
Showa Electric Wire | | | | | | | 10,000 | | | | 7,663 | |
Silitech Technology Corporation | | | | | | | 35,029 | | | | 65,845 | |
Sumitomo Electric Industries Limited | | | | | | | 138,500 | | | | 1,556,677 | |
Suzlon Energy Limited † | | | | | | | 89,769 | | | | 24,207 | |
TECO Electric & Machinery Company Limited | | | | | | | 303,000 | | | | 200,307 | |
Toyo Tanso Company Limited | | | | | | | 1,300 | | | | 32,859 | |
Ushio Incorporated | | | | | | | 20,000 | | | | 235,009 | |
Vestas Wind Systems AS †« | | | | | | | 15,405 | | | | 107,239 | |
Walsin Lihwa Corporation | | | | | | | 600,000 | | | | 188,708 | |
Woodward Governor Company | | | | | | | 1,600 | | | | 55,888 | |
Ya Hsin Industrial Company Limited †(a) | | | | | | | 40,000 | | | | 0 | |
| | | | |
| | | | | | | | | | | 76,429,101 | |
| | | | | | | | | | | | |
| | | | |
| Industrial Conglomerates: 1.00% | | | | | | | | | | | | |
Aboitiz Equity Ventures Incorporated | | | | | | | 548,400 | | | | 632,143 | |
Aditya Birla Nuvo Limited | | | | | | | 13,276 | | | | 177,713 | |
Alfa SA de CV | | | | | | | 27,700 | | | | 443,954 | |
Antarchile SA | | | | | | | 32,607 | | | | 522,098 | |
Beijing Enterprises Holdings Limited | | | | | | | 115,500 | | | | 763,949 | |
Berjaya Corporation Berhad | | | | | | | 359,200 | | | | 77,025 | |
Bidvest Group Limited | | | | | | | 63,926 | | | | 1,551,934 | |
Boustead Holdings Berhad | | | | | | | 80,800 | | | | 138,610 | |
CITIC Pacific Limited | | | | | | | 268,000 | | | | 327,919 | |
CJ Corporation | | | | | | | 4,217 | | | | 303,278 | |
Clal Industries and Investments | | | | | | | 2,926 | | | | 7,289 | |
Compagnie Industrial Riunite | | | | | | | 19,942 | | | | 23,252 | |
DCC plc - Ireland Exchange | | | | | | | 6,622 | | | | 172,830 | |
DCC plc - United Kingdom Exchange | | | | | | | 2,629 | | | | 68,516 | |
Delek Group Limited | | | | | | | 312 | | | | 45,474 | |
Discount Investment Corporation † | | | | | | | 1,353 | | | | 1,685 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 67 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Industrial Conglomerates (continued) | | | | | | | | | | | | |
DMCI Holdings Incorporated | | | | | | | 161,600 | | | $ | 222,380 | |
Dogan Sirketler Grubu Holdings † | | | | | | | 88,596 | | | | 40,908 | |
Doosan Corporation | | | | | | | 2,874 | | | | 343,221 | |
Empresas Copec SA | | | | | | | 108,110 | | | | 1,559,736 | |
Enka Insaat Ve Sanayi AS | | | | | | | 138,195 | | | | 382,862 | |
Fraser & Neave Limited | | | | | | | 187,000 | | | | 1,231,665 | |
Gallant Venture Limited † | | | | | | | 21,000 | | | | 4,717 | |
General Electric Company | | | | | | | 1,322,607 | | | | 27,391,191 | |
Grupo Carso SAB de CV | | | | | | | 77,277 | | | | 251,722 | |
Hankyu Hanshin Holdings Incorporated | | | | | | | 223,000 | | | | 1,267,450 | |
Haw Par Corporation Limited | | | | | | | 14,000 | | | | 70,983 | |
Hong Leong Asia Limited | | | | | | | 11,000 | | | | 14,605 | |
Hutchison Whampoa Limited | | | | | | | 375,000 | | | | 3,280,546 | |
Jaiprakash Associates Limited | | | | | | | 205,052 | | | | 237,952 | |
Jardine Matheson Holdings Limited | | | | | | | 52,869 | | | | 2,845,410 | |
Jardine Strategic Holdings Limited | | | | | | | 39,310 | | | | 1,306,664 | |
JG Summit Holdings | | | | | | | 527,200 | | | | 415,996 | |
Katakura Industries Company Limited | | | | | | | 1,000 | | | | 8,698 | |
Keihan Electric Railway Company Limited | | | | | | | 92,000 | | | | 446,516 | |
Keppel Corporation Limited | | | | | | | 246,051 | | | | 2,208,833 | |
Koc Holding AS | | | | | | | 200,930 | | | | 817,327 | |
Koninklijke Philips Electronics NV | | | | | | | 95,516 | | | | 2,196,160 | |
LG Corporation | | | | | | | 27,849 | | | | 1,536,497 | |
Malaysian Resources Corporation Berhad | | | | | | | 265,450 | | | | 143,578 | |
Miramar Hotel & Investment Company Limited | | | | | | | 9,000 | | | | 10,258 | |
MMC Corporation Berhad | | | | | | | 109,200 | | | | 85,627 | |
NWS Holdings Limited | | | | | | | 255,495 | | | | 407,161 | |
Orkla ASA | | | | | | | 89,395 | | | | 660,511 | |
Przedsiebiorstwo Eksportu I Importu Kopex SA † | | | | | | | 1,096 | | | | 5,126 | |
Quinenco SA | | | | | | | 50,608 | | | | 140,674 | |
Rheinmetall Berlin | | | | | | | 3,555 | | | | 175,930 | |
Samsung Techwin Company Limited | | | | | | | 9,105 | | | | 571,357 | |
Sembcorp Industries Limited | | | | | | | 165,000 | | | | 747,894 | |
Shanghai Industrial Holdings Limited | | | | | | | 103,000 | | | | 282,867 | |
Siemens AG | | | | | | | 83,338 | | | | 7,905,715 | |
Siemens India Limited | | | | | | | 21,727 | | | | 264,845 | |
Sime Darby Berhad | | | | | | | 456,340 | | | | 1,432,772 | |
SK Corporation | | | | | | | 4,986 | | | | 733,865 | |
SM Investments Corporation | | | | | | | 45,695 | | | | 770,000 | |
Smiths Group plc | | | | | | | 35,162 | | | | 583,445 | |
Sonae SGPS SA | | | | | | | 38,828 | | | | 24,614 | |
Tokai Holdings Corporation | | | | | | | 26,800 | | | | 123,569 | |
Tyco International Limited | | | | | | | 58,170 | | | | 3,279,625 | |
Wendel | | | | | | | 3,495 | | | | 263,013 | |
Yazicilar Holding AS | | | | | | | 37,489 | | | | 274,079 | |
| | | | |
| | | | | | | | | | | 72,226,233 | |
| | | | | | | | | | | | |
| | | | |
| Machinery: 2.68% | | | | | | | | | | | | |
Aalberts Industries NV | | | | | | | 10,766 | | | | 184,367 | |
AG Growth International Incorporated | | | | | | | 1,000 | | | | 32,889 | |
| | | | |
| 68 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Machinery (continued) | | | | | | | | | | | | |
Aida Engineering Limited | | | | | | | 2,700 | | | $ | 17,449 | |
Airtac International Group | | | | | | | 15,000 | | | | 73,119 | |
Alfa Laval AB | | | | | | | 28,699 | | | | 491,448 | |
Amada Company Limited | | | | | | | 76,000 | | | | 343,623 | |
Amano Corporation | | | | | | | 9,700 | | | | 82,759 | |
Andritz AG | | | | | | | 5,906 | | | | 304,683 | |
Asahi Diamond Industrial Company Limited | | | | | | | 12,000 | | | | 131,962 | |
Ashok Leyland Limited | | | | | | | 317,592 | | | | 117,616 | |
Asian Insulators PCL | | | | | | | 395,800 | | | | 63,156 | |
Astec Industries Incorporated Ǡ | | | | | | | 37,957 | | | | 1,113,279 | |
Atlas Copco AB Class A | | | | | | | 67,808 | | | | 1,517,494 | |
Atlas Copco AB Class B | | | | | | | 33,986 | | | | 673,336 | |
ATS Automation Tooling Systems Incorporated † | | | | | | | 4,800 | | | | 43,045 | |
Austal Limited | | | | | | | 9,718 | | | | 13,655 | |
Bando Chemical Industries Limited | | | | | | | 15,000 | | | | 51,919 | |
Bodycote plc | | | | | | | 11,594 | | | | 64,102 | |
Bradken Limited | | | | | | | 22,794 | | | | 131,878 | |
Briggs & Stratton Corporation « | | | | | | | 105,160 | | | | 1,821,371 | |
Bucher Industries AG | | | | | | | 862 | | | | 144,464 | |
Cargotec Corporation | | | | | | | 2,050 | | | | 48,192 | |
Caterpillar Incorporated | | | | | | | 121,200 | | | | 10,341,996 | |
Chart Industries Incorporated Ǡ | | | | | | | 53,300 | | | | 3,720,340 | |
China Infrastructure Machinery Holdings Limited « | | | | | | | 385,000 | | | | 59,071 | |
CKD Corporation | | | | | | | 5,000 | | | | 30,334 | |
Clarcor Incorporated « | | | | | | | 92,438 | | | | 4,449,965 | |
Colfax Corporation † | | | | | | | 2,664 | | | | 87,619 | |
Construcciones y Auxiliar de Ferrocarriles SA | | | | | | | 139 | | | | 62,232 | |
Cosco Corporation Singapore Limited | | | | | | | 120,000 | | | | 93,381 | |
Crane Company | | | | | | | 94,700 | | | | 3,597,653 | |
CSBC Corporation Taiwan | | | | | | | 43,102 | | | | 28,566 | |
Cummins India Limited | | | | | | | 39,777 | | | | 328,942 | |
Daido Metal Company Limited | | | | | | | 17,000 | | | | 140,699 | |
Daifuku Company Limited | | | | | | | 14,500 | | | | 76,116 | |
Danaher Corporation | | | | | | | 121,494 | | | | 6,508,434 | |
Deere & Company « | | | | | | | 83,600 | | | | 6,279,196 | |
Donaldson Company Incorporated | | | | | | | 107,600 | | | | 3,797,204 | |
Doosan Infracore Company Limited † | | | | | | | 16,140 | | | | 251,782 | |
Dover Corporation | | | | | | | 22,500 | | | | 1,300,725 | |
Eaton Corporation | | | | | | | 44,700 | | | | 1,998,984 | |
Ebara Corporation | | | | | | | 61,000 | | | | 244,639 | |
FANUC Limited | | | | | | | 34,400 | | | | 5,619,465 | |
Fuji Machine Manufacturing Company Limited | | | | | | | 5,900 | | | | 80,179 | |
Fujitec Company Limited | | | | | | | 13,000 | | | | 82,687 | |
Furukawa Company Limited † | | | | | | | 61,000 | | | | 55,316 | |
Gardner Denver Incorporated | | | | | | | 39,682 | | | | 2,392,031 | |
GEA Group AG | | | | | | | 16,445 | | | | 434,375 | |
Georg Fischer AG | | | | | | | 456 | | | | 165,382 | |
Gildemeister AG | | | | | | | 3,643 | | | | 53,039 | |
Glory Limited | | | | | | | 11,500 | | | | 255,719 | |
Graco Incorporated | | | | | | | 45,000 | | | | 2,223,000 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 69 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Machinery (continued) | | | | | | | | | | | | |
Haitian International Holdings Limited | | | | | | | 106,000 | | | $ | 107,012 | |
Hanjin Heavy Industries & Construction Company Limited † | | | | | | | 3,253 | | | | 34,548 | |
Hanjin Heavy Industries & Construction Holdings Company Limited | | | | | | | 2,009 | | | | 12,749 | |
Harsco Corporation | | | | | | | 144,500 | | | | 2,946,355 | |
Heidelberger Druckmaschinen AG †« | | | | | | | 10,670 | | | | 13,649 | |
Hexagon AB | | | | | | | 23,900 | | | | 480,007 | |
Hino Motors Limited | | | | | | | 62,000 | | | | 427,614 | |
Hisaka Works Limited | | | | | | | 5,000 | | | | 35,379 | |
Hitachi Construction Machinery Company Limited | | | | | | | 14,900 | | | | 246,636 | |
Hitachi Zosen Corporation | | | | | | | 106,500 | | | | 118,341 | |
Hiwin Technologies Corporation | | | | | | | 53,550 | | | | 386,191 | |
Hoshizaki Electric Company Limited | | | | | | | 12,000 | | | | 335,654 | |
Hosokawa Micron Corporation | | | | | | | 4,000 | | | | 19,976 | |
Hyundai Heavy Industries Company Limited | | | | | | | 7,747 | | | | 1,580,637 | |
Hyundai Mipo Dockyard Company Limited | | | | | | | 2,652 | | | | 286,324 | |
IDEX Corporation | | | | | | | 156,563 | | | | 6,240,601 | |
Illinois Tool Works Incorporated « | | | | | | | 51,200 | | | | 3,035,648 | |
IMI plc | | | | | | | 33,411 | | | | 456,245 | |
Industrea Limited | | | | | | | 51,946 | | | | 66,280 | |
Ingersoll-Rand plc | | | | | | | 38,000 | | | | 1,776,880 | |
Invensys plc | | | | | | | 67,436 | | | | 258,594 | |
Iseki & Company Limited | | | | | | | 22,000 | | | | 54,231 | |
Ishikawajima-Harima Heavy Industries Company Limited | | | | | | | 262,000 | | | | 562,181 | |
ITT Corporation | | | | | | | 60,900 | | | | 1,211,910 | |
Jain Irrigation Systems Limited | | | | | | | 39,865 | | | | 45,939 | |
Jain Irrigation Systems Limited (Differential Voting Rights) † | | | | | | | 1,993 | | | | 1,139 | |
Japan Steel Works | | | | | | | 72,000 | | | | 384,392 | |
Jaya Holdings Limited † | | | | | | | 61,000 | | | | 26,915 | |
Joy Global Incorporated | | | | | | | 81,071 | | | | 4,327,570 | |
JTEKT Corporation | | | | | | | 42,100 | | | | 329,616 | |
Juki Corporation | | | | | | | 7,000 | | | | 10,103 | |
Kawasaki Heavy Industries Limited | | | | | | | 295,000 | | | | 625,455 | |
KCI Konecranes Oyj « | | | | | | | 3,753 | | | | 94,788 | |
Kennametal Incorporated | | | | | | | 149,700 | | | | 5,514,948 | |
Kitz Corporation | | | | | | | 9,000 | | | | 37,474 | |
Komatsu Limited | | | | | | | 170,830 | | | | 3,360,089 | |
Komori Corporation | | | | | | | 6,600 | | | | 34,562 | |
Kone Oyj | | | | | | | 17,746 | | | | 1,085,913 | |
Krones AG | | | | | | | 626 | | | | 30,543 | |
Kubota Corporation | | | | | | | 205,865 | | | | 1,977,272 | |
Kurita Water Industries Limited | | | | | | | 20,000 | | | | 428,124 | |
Lincoln Electric Holdings Incorporated | | | | | | | 63,682 | | | | 2,626,883 | |
Makino Milling Machine Company Limited | | | | | | | 25,000 | | | | 118,782 | |
Makita Corporation | | | | | | | 25,400 | | | | 864,239 | |
Makita Corporation ADR † | | | | | | | 1 | | | | 34 | |
MAN AG | | | | | | | 6,208 | | | | 572,982 | |
Manitowoc Company Incorporated « | | | | | | | 282,546 | | | | 3,639,192 | |
Max Company Limited | | | | | | | 6,000 | | | | 67,897 | |
Meidensha Corporation | | | | | | | 31,000 | | | | 113,238 | |
Melrose plc | | | | | | | 114,459 | | | | 430,188 | |
| | | | |
| 70 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Machinery (continued) | | | | | | | | | | | | |
Metso Oyj | | | | | | | 12,945 | | | $ | 463,066 | |
Meyer Burger Technology AG †« | | | | | | | 5,526 | | | | 80,167 | |
Minebea Company Limited | | | | | | | 73,000 | | | | 253,605 | |
Mitsubishi Heavy Industries Limited | | | | | | | 589,000 | | | | 2,437,397 | |
Mitsui Engineering & Shipbuilding Company Limited | | | | | | | 101,000 | | | | 110,939 | |
Miura Company Limited | | | | | | | 5,000 | | | | 124,912 | |
Morgan Crucible Company | | | | | | | 21,660 | | | | 88,390 | |
Mori Seiki Company Limited | | | | | | | 14,400 | | | | 91,960 | |
Mueller Industries Incorporated « | | | | | | | 68,000 | | | | 2,930,800 | |
Nabtesco Corporation | | | | | | | 18,100 | | | | 331,508 | |
Nachi-Fujikoshi Corporation | | | | | | | 35,000 | | | | 101,475 | |
Namura Shipbuilding Company Limited | | | | | | | 1,000 | | | | 3,014 | |
Navistar International Corporation † | | | | | | | 36,221 | | | | 796,138 | |
NGK Insulators Limited | | | | | | | 58,000 | | | | 685,970 | |
Nippon Sharyo Limited | | | | | | | 14,000 | | | | 48,100 | |
Nippon Thompson Company Limited | | | | | | | 6,000 | | | | 22,300 | |
Nippon Valqua Industries Limited | | | | | | | 4,000 | | | | 10,422 | |
Nitta Corporation | | | | | | | 3,300 | | | | 53,023 | |
Nitto Kohki Company Limited | | | | | | | 2,300 | | | | 53,229 | |
NKT Holding AS | | | | | | | 1,131 | | | | 37,018 | |
Nordson Corporation | | | | | | | 111,742 | | | | 6,571,547 | |
Noritake Company Limited | | | | | | | 17,000 | | | | 43,426 | |
NSK Limited | | | | | | | 90,000 | | | | 527,620 | |
NTN Corporation | | | | | | | 80,000 | | | | 168,593 | |
OILES Corporation | | | | | | | 2,380 | | | | 47,785 | |
Okuma Corporation | | | | | | | 20,000 | | | | 118,782 | |
Organo Corporation | | | | | | | 1,000 | | | | 6,092 | |
OSG Corporation | | | | | | | 16,700 | | | | 237,398 | |
Oshkosh Truck Corporation † | | | | | | | 67,400 | | | | 1,707,916 | |
Pentair Incorporated « | | | | | | | 65,422 | | | | 2,780,435 | |
Robbins & Myers Incorporated « | | | | | | | 69,200 | | | | 4,139,544 | |
Rotork plc | | | | | | | 7,725 | | | | 269,610 | |
Ryobi Limited | | | | | | | 20,000 | | | | 47,257 | |
Samsung Heavy Industries Company Limited | | | | | | | 39,520 | | | | 1,293,968 | |
Sandvik AB | | | | | | | 105,184 | | | | 1,407,282 | |
Sany Heavy Equipment International Holdings Company Limited | | | | | | | 183,000 | | | | 94,851 | |
Sasebo Heavy Industries Company Limited | | | | | | | 4,000 | | | | 3,372 | |
Scania AB Class B | | | | | | | 29,534 | | | | 508,423 | |
Schindler Holding AG | | | | | | | 5,042 | | | | 594,140 | |
Schindler Holding SA | | | | | | | 2,474 | | | | 292,050 | |
Sembcorp Marine Limited | | | | | | | 147,200 | | | | 590,453 | |
Shima Seiki Manufacturing Limited | | | | | | | 4,400 | | | | 59,907 | |
Shin Zu Shing Company Limited | | | | | | | 13,649 | | | | 49,673 | |
Shinmaywa Industries Limited | | | | | | | 11,000 | | | | 53,809 | |
Singamas Container Holding | | | | | | | 180,000 | | | | 39,454 | |
Sinotruk Hong Kong Limited | | | | | | | 86,000 | | | | 44,686 | |
Sintokogio Limited | | | | | | | 5,500 | | | | 43,413 | |
SKF AB Class A | | | | | | | 976 | | | | 20,339 | |
SKF AB Class B | | | | | | | 35,091 | | | | 730,201 | |
SMC Corporation | | | | | | | 11,800 | | | | 1,852,251 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 71 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Machinery (continued) | | | | | | | | | | | | |
Snap-on Incorporated | | | | | | | 109,194 | | | $ | 7,580,247 | |
Spirax-Sarco Engineering plc | | | | | | | 8,094 | | | | 253,057 | |
STX Corporation Company Limited | | | | | | | 5,248 | | | | 39,223 | |
Sulzer AG | | | | | | | 2,037 | | | | 275,455 | |
Sumitomo Heavy Industries Limited | | | | | | | 107,000 | | | | 367,622 | |
Tadano Limited | | | | | | | 18,000 | | | | 124,836 | |
Tata Motors Limited ADR « | | | | | | | 10,088 | | | | 213,059 | |
Terex Corporation Ǡ | | | | | | | 205,600 | | | | 4,537,592 | |
The Middleby Corporation Ǡ | | | | | | | 35,300 | | | | 4,064,795 | |
The Timken Company | | | | | | | 56,600 | | | | 2,273,056 | |
Thermax India Limited | | | | | | | 11,575 | | | | 101,142 | |
THK Company Limited | | | | | | | 22,600 | | | | 352,733 | |
Tocalo Company Limited | | | | | | | 1,100 | | | | 15,581 | |
Torishima Pump Manufacturing Company Limited | | | | | | | 1,300 | | | | 10,876 | |
Toro Company | | | | | | | 111,070 | | | | 4,131,804 | |
Toromont Industries Limited | | | | | | | 4,043 | | | | 83,136 | |
Toshiba Machine Company Limited | | | | | | | 18,000 | | | | 71,269 | |
Trelleborg AB Class B | | | | | | | 32,656 | | | | 339,273 | |
Trinity Industries Incorporated | | | | | | | 173,379 | | | | 4,913,561 | |
Tsubakimoto Chain Company | | | | | | | 21,000 | | | | 124,184 | |
Tsugami Corporation « | | | | | | | 18,000 | | | | 135,871 | |
Tsukishima Kikai Company Limited | | | | | | | 5,000 | | | | 41,574 | |
Union Tool Company | | | | | | | 500 | | | | 7,197 | |
United Tractors | | | | | | | 352,380 | | | | 740,977 | |
Vallourec SA | | | | | | | 10,878 | | | | 504,468 | |
Valmont Industries Incorporated « | | | | | | | 17,877 | | | | 2,265,910 | |
Volvo AB Class A | | | | | | | 43,600 | | | | 553,378 | |
Volvo AB Class B | | | | | | | 141,316 | | | | 1,791,471 | |
Vossloh AG | | | | | | | 978 | | | | 85,408 | |
WABCO Holdings Incorporated † | | | | | | | 42,300 | | | | 2,483,856 | |
Wabtec Corporation | | | | | | | 90,090 | | | | 7,039,633 | |
Wartsila Oyj Class B | | | | | | | 17,118 | | | | 550,979 | |
WEG SA | | | | | | | 59,000 | | | | 584,216 | |
Weir Group plc | | | | | | | 23,430 | | | | 607,531 | |
Xylem Incorporated | | | | | | | 128,908 | | | | 3,131,175 | |
Yangzijiang Shipbuilding Holdings Limited | | | | | | | 343,000 | | | | 271,043 | |
Zardoya-Otis SA | | | | | | | 10,396 | | | | 120,431 | |
| | | | |
| | | | | | | | | | | 193,522,125 | |
| | | | | | | | | | | | |
| | | | |
| Marine: 0.14% | | | | | | | | | | | | |
AP Moller-Maersk AS A Shares | | | | | | | 40 | | | | 247,259 | |
AP Moller-Maersk AS B Shares | | | | | | | 129 | | | | 843,574 | |
China Cosco Holdings Company Limited † | | | | | | | 368,000 | | | | 139,495 | |
Chinese Maritime Transport Limited | | | | | | | 6,000 | | | | 6,771 | |
Compagnie Maritime Belge SA | | | | | | | 227 | | | | 4,568 | |
Daewoo Shipbuilding & Marine Engineering Company Limited | | | | | | | 21,110 | | | | 453,038 | |
Daiichi Chuo Kisen Kaisha †« | | | | | | | 12,000 | | | | 9,503 | |
DS Norden AS | | | | | | | 1,300 | | | | 31,556 | |
Evergreen Marine Corporation (Taiwan) Limited | | | | | | | 333,298 | | | | 178,050 | |
| | | | |
| 72 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Marine (continued) | | | | | | | | | | | | |
Hanjin Shipping Company Limited † | | | | | | | 16,785 | | | $ | 215,984 | |
Hanjin Shipping Holding Company † | | | | | | | 11,912 | | | | 64,881 | |
Hyundai Merchant Marine Company Limited † | | | | | | | 9,308 | | | | 224,778 | |
Iino Kaiun Kaisha Limited | | | | | | | 9,500 | | | | 34,581 | |
Inui Steamship Company Limited † | | | | | | | 1,100 | | | | 2,613 | |
Kawasaki Kisen Kaisha Limited † | | | | | | | 148,000 | | | | 198,480 | |
Kirby Corporation Ǡ | | | | | | | 44,018 | | | | 2,317,548 | |
Kuehne & Nagel International AG | | | | | | | 4,678 | | | | 532,627 | |
Malaysian Bulk Carriers Berhad | | | | | | | 14,000 | | | | 6,542 | |
Matson Incorporated « | | | | | | | 73,483 | | | | 1,667,329 | |
MISC Berhad | | | | | | | 211,200 | | | | 287,954 | |
Mitsui OSK Lines Limited | | | | | | | 216,000 | | | | 540,724 | |
Neptune Orient Lines Limited † | | | | | | | 184,000 | | | | 160,899 | |
Nippon Yusen Kabushiki Kaisha | | | | | | | 308,000 | | | | 621,547 | |
Orient Overseas International Limited | | | | | | | 30,500 | | | | 162,804 | |
Pacific Basin Shipping Limited | | | | | | | 252,000 | | | | 104,947 | |
Precious Shipping PCL | | | | | | | 70,800 | | | | 30,051 | |
Regional Container Lines PCL † | | | | | | | 73,800 | | | | 16,251 | |
Shih Wei Navigation Company Limited | | | | | | | 31,652 | | | | 26,948 | |
Shinwa Kaiun Kaisha Limited † | | | | | | | 2,000 | | | | 2,248 | |
Shipping Corporation of India Limited | | | | | | | 33,100 | | | | 30,378 | |
Shun Tak Holdings Limited | | | | | | | 294,250 | | | | 106,608 | |
Sincere Navigation Corporation | | | | | | | 128,800 | | | | 109,659 | |
STX Offshore & Shipbuilding Company Limited | | | | | | | 6,438 | | | | 54,018 | |
STX Pan Ocean Company Limited-Korea Exchange | | | | | | | 3,981 | | | | 13,035 | |
STX Pan Ocean Company Limited-Singapore Exchange | | | | | | | 9,000 | | | | 29,025 | |
Taiwan Navigation Company Limited | | | | | | | 20,000 | | | | 17,896 | |
Thoresen Thai Agencies PCL | | | | | | | 81,840 | | | | 40,483 | |
U-Ming Transport Corporation | | | | | | | 113,000 | | | | 169,777 | |
Wan Hai Lines Limited | | | | | | | 209,212 | | | | 106,174 | |
Yang Ming Marine Transport | | | | | | | 285,357 | | | | 113,853 | |
| | | | |
| | | | | | | | | | | 9,924,456 | |
| | | | | | | | | | | | |
| | | | |
| Professional Services: 0.07% | | | | | | | | | | | | |
Acacia Research Corporation † | | | | | | | 77,800 | | | | 2,049,252 | |
Dun & Bradstreet Corporation « | | | | | | | 37,095 | | | | 3,002,840 | |
| | | | |
| | | | | | | | | | | 5,052,092 | |
| | | | | | | | | | | | |
| | | | |
| Road & Rail: 1.15% | | | | | | | | | | | | |
Asciano Group | | | | | | | 170,137 | | | | 787,481 | |
Canadian National Railway Company | | | | | | | 43,800 | | | | 4,007,872 | |
Canadian Pacific Railway Limited | | | | | | | 15,500 | | | | 1,281,197 | |
Central Japan Railway Company | | | | | | | 341 | | | | 2,965,975 | |
ComfortDelGro Corporation Limited | | | | | | | 275,000 | | | | 369,535 | |
Con-Way Incorporated | | | | | | | 104,191 | | | | 3,158,029 | |
Container Corporation of India | | | | | | | 8,679 | | | | 146,111 | |
Dollar Thrifty Automotive Group Incorporated Ǡ | | | | | | | 61,300 | | | | 5,342,908 | |
DSV AS | | | | | | | 17,460 | | | | 379,902 | |
East Japan Railway Company | | | | | | | 69,500 | | | | 4,651,383 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 73 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Road & Rail (continued) | | | | | | | | | | | | |
Evergreen International Storage & Transport Corporation | | | | | | | 124,000 | | | $ | 67,484 | |
Firstgroup plc | | | | | | | 54,848 | | | | 213,372 | |
Fukuyama Transporting Company Limited | | | | | | | 29,000 | | | | 161,862 | |
Genesee & Wyoming Incorporated † | | | | | | | 74,740 | | | | 4,750,474 | |
Go-Ahead Group plc | | | | | | | 3,179 | | | | 65,621 | |
GrainCorp Limited | | | | | | | 2,469 | | | | 22,448 | |
Heartland Express Incorporated « | | | | | | | 108,424 | | | | 1,411,680 | |
Hitachi Transport System Limited | | | | | | | 6,900 | | | | 118,709 | |
J.B. Hunt Transport Services Incorporated | | | | | | | 75,214 | | | | 3,944,222 | |
Kansas City Southern | | | | | | | 86,518 | | | | 6,690,437 | |
Keihin Electric Express Railway Company Limited | | | | | | | 89,000 | | | | 868,459 | |
Keio Corporation | | | | | | | 101,000 | | | | 790,766 | |
Keisei Electric Railway Company Limited | | | | | | | 59,000 | | | | 568,938 | |
Kintetsu Corporation « | | | | | | | 316,000 | | | | 1,299,598 | |
Knight Transportation Incorporated « | | | | | | | 114,500 | | | | 1,637,350 | |
Korea Express Company Limited † | | | | | | | 1,506 | | | | 124,104 | |
Landstar System Incorporated | | | | | | | 86,094 | | | | 4,069,663 | |
Maruzen Showa Unyu Company Limited | | | | | | | 3,000 | | | | 9,464 | |
MTR Corporation Limited | | | | | | | 233,208 | | | | 835,898 | |
Nagoya Railroad Company Limited | | | | | | | 143,000 | | | | 399,987 | |
Nankai Electric Railway Company Limited « | | | | | | | 92,000 | | | | 413,615 | |
National Express Group plc | | | | | | | 29,635 | | | | 102,253 | |
Nippon Express Company Limited | | | | | | | 175,000 | | | | 686,187 | |
Nippon Konpo Unyu Soko Company Limited | | | | | | | 10,400 | | | | 134,292 | |
Nishi-Nippon Railroad Company Limited | | | | | | | 75,000 | | | | 319,944 | |
Norfolk Southern Corporation | | | | | | | 40,700 | | | | 2,949,122 | |
Odakyu Electric Railway Company Limited | | | | | | | 115,000 | | | | 1,220,576 | |
Old Dominion Freight Line Ǡ | | | | | | | 100,302 | | | | 4,491,524 | |
QR National Limited | | | | | | | 282,760 | | | | 1,022,467 | |
Ryder System Incorporated | | | | | | | 37,136 | | | | 1,485,811 | |
Sagami Railway Company Limited | | | | | | | 68,000 | | | | 233,629 | |
Sankyu Incorporated | | | | | | | 41,000 | | | | 153,433 | |
SBS Transit Limited | | | | | | | 1,684 | | | | 1,999 | |
Seino Holdings Company Limited | | | | | | | 25,000 | | | | 156,140 | |
Senko Company Limited « | | | | | | | 15,000 | | | | 63,797 | |
SMRT Corporation Limited | | | | | | | 98,000 | | | | 130,509 | |
Stagecoach Group plc | | | | | | | 49,321 | | | | 224,449 | |
Tobu Railway Company Limited | | | | | | | 186,000 | | | | 1,033,399 | |
Tokyu Corporation | | | | | | | 189,000 | | | | 929,370 | |
TransForce Incorporated | | | | | | | 6,211 | | | | 114,296 | |
Transport International Holdings Limited | | | | | | | 24,000 | | | | 46,354 | |
Union Pacific Corporation | | | | | | | 99,100 | | | | 12,034,704 | |
Werner Enterprises Incorporated « | | | | | | | 112,274 | | | | 2,498,097 | |
West Japan Railway Company | | | | | | | 34,100 | | | | 1,491,698 | |
| | | | |
| | | | | | | | | | | 83,078,594 | |
| | | | | | | | | | | | |
| | | | |
| Trading Companies & Distributors: 0.79% | | | | | | | | | | | | |
Adani Enterprises Limited | | | | | | | 63,989 | | | | 179,227 | |
Air Lease Corporation † | | | | | | | 131,629 | | | | 2,714,190 | |
| | | | |
| 74 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Trading Companies & Distributors (continued) | | | | | | | | | | | | |
Alesco Corporation Limited | | | | | | | 3,463 | | | $ | 6,851 | |
Ashtead Group plc | | | | | | | 39,588 | | | | 178,145 | |
Barloworld Limited | | | | | | | 44,693 | | | | 377,627 | |
BayWa AG | | | | | | | 313 | | | | 12,376 | |
Bunzl plc | | | | | | | 31,676 | | | | 565,336 | |
Daewoo International Corporation | | | | | | | 5,822 | | | | 176,257 | |
Emeco Holdings Limited | | | | | | | 72,033 | | | | 58,048 | |
Fastenal Company | | | | | | | 64,624 | | | | 2,784,648 | |
Finning International Incorporated « | | | | | | | 13,600 | | | | 312,907 | |
GATX Corporation | | | | | | | 99,734 | | | | 4,105,051 | |
Grafton Group plc | | | | | | | 8,472 | | | | 32,608 | |
Hanwa Company Limited | | | | | | | 31,000 | | | | 104,528 | |
Inaba Denki Sangyo Company Limited | | | | | | | 2,200 | | | | 61,256 | |
Itochu Corporation | | | | | | | 278,000 | | | | 2,819,235 | |
Iwatani International Corporation | | | | | | | 49,000 | | | | 170,228 | |
Japan Pulp & Paper Company Limited | | | | | | | 11,000 | | | | 36,248 | |
Kanematsu Corporation † | | | | | | | 34,000 | | | | 39,083 | |
Kloeckner & Company † | | | | | | | 4,899 | | | | 44,526 | |
Marubeni Corporation | | | | | | | 304,000 | | | | 1,949,141 | |
Misumi Group Incorporated | | | | | | | 12,500 | | | | 311,802 | |
Mitsubishi Corporation | | | | | | | 274,100 | | | | 5,037,741 | |
Mitsubishi Corporation ADR † | | | | | | | 33 | | | | 1,208 | |
Mitsui & Company Limited | | | | | | | 318,400 | | | | 4,444,871 | |
Mitsui & Company Limited ADR † | | | | | | | 263 | | | | 73,837 | |
MSC Industrial Direct Company | | | | | | | 87,325 | | | | 6,051,623 | |
Nagase & Company Limited | | | | | | | 24,600 | | | | 286,547 | |
Nichiden Corporation | | | | | | | 3,600 | | | | 91,960 | |
Noble Group Limited | | | | | | | 731,694 | | | | 704,399 | |
Okaya & Company Limited | | | | | | | 5,500 | | | | 61,677 | |
Onoken Company Limited | | | | | | | 700 | | | | 5,659 | |
Ramirent Oyj | | | | | | | 11,459 | | | | 86,479 | |
Reece Australia Limited | | | | | | | 7,324 | | | | 143,769 | |
Rexel SA | | | | | | | 4,860 | | | | 94,903 | |
Russel Metals Incorporated | | | | | | | 4,649 | | | | 118,141 | |
Samsung Corporation | | | | | | | 26,031 | | | | 1,479,784 | |
Seven Network Limited | | | | | | | 22,953 | | | | 192,557 | |
Shinwa Company Limited Nagoya | | | | | | | 500 | | | | 5,875 | |
SIG plc | | | | | | | 78,253 | | | | 121,831 | |
SK Networks Company Limited | | | | | | | 23,850 | | | | 198,430 | |
Sojitz Corporation | | | | | | | 187,100 | | | | 250,916 | |
Sumitomo Corporation | | | | | | | 219,500 | | | | 2,904,426 | |
Superior Plus Corporation « | | | | | | | 4,592 | | | | 41,320 | |
Toyota Tsusho Corporation | | | | | | | 40,200 | | | | 820,482 | |
Travis Perkins plc | | | | | | | 20,695 | | | | 337,150 | |
Trusco Nakayama Corporation | | | | | | | 3,400 | | | | 62,706 | |
United Rentals Incorporated Ǡ | | | | | | | 150,600 | | | | 4,865,886 | |
Watsco Incorporated « | | | | | | | 45,695 | | | | 3,448,145 | |
Wesco International Incorporated Ǡ | | | | | | | 78,924 | | | | 4,560,229 | |
Wolseley plc | | | | | | | 28,244 | | | | 1,140,017 | |
WW Grainger Incorporated | | | | | | | 12,180 | | | | 2,508,593 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 75 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Trading Companies & Distributors (continued) | | | | | | | | | | | | |
Yamazen Corporation | | | | | | | 10,500 | | | $ | 69,200 | |
Yuasa Trading Company Limited | | | | | | | 38,000 | | | | 66,007 | |
| | | | |
| | | | | | | | | | | 57,315,686 | |
| | | | | | | | | | | | |
| | | | |
| Transportation Infrastructure: 0.16% | | | | | | | | | | | | |
Abertis Infraestructuras SA | | | | | | | 36,273 | | | | 492,513 | |
Aeroports de Paris | | | | | | | 3,323 | | | | 263,361 | |
Airports of Thailand PCL | | | | | | | 53,200 | | | | 114,176 | |
Ansaldo STS SpA | | | | | | | 5,296 | | | | 41,567 | |
Atlantia SpA | | | | | | | 25,715 | | | | 361,286 | |
Auckland International Airport Limited | | | | | | | 159,507 | | | | 333,185 | |
Bangkok Expressway PCL | | | | | | | 48,400 | | | | 42,863 | |
BBA Aviation plc | | | | | | | 37,408 | | | | 112,916 | |
Bintulu Port Holdings Berhad | | | | | | | 6,400 | | | | 14,359 | |
China Merchants Holdings International Company Limited | | | | | | | 230,215 | | | | 660,433 | |
Cia de Concessoes Rodoviarias | | | | | | | 123,320 | | | | 1,108,112 | |
Cosco Pacific Limited | | | | | | | 333,290 | | | | 411,244 | |
Flughafen Wien AG | | | | | | | 155 | | | | 7,071 | |
Flughafen Zuerich AG | | | | | | | 455 | | | | 175,147 | |
Fraport AG | | | | | | | 3,869 | | | | 215,558 | |
Gemina SpA † | | | | | | | 107,844 | | | | 94,885 | |
GMR Infrastructure Limited † | | | | | | | 111,348 | | | | 36,432 | |
Groupe Eurotunnel SA | | | | | | | 46,174 | | | | 346,143 | |
Hamburger Hafen Und Logistik AG | | | | | | | 1,110 | | | | 27,058 | |
Hong Kong Aircraft Engineering Company Limited | | | | | | | 10,000 | | | | 133,575 | |
Hopewell Highway Infrastructure Limited | | | | | | | 67,500 | | | | 34,203 | |
Hutchison Port Holdings Trust | | | | | | | 679,000 | | | | 475,300 | |
International Container Term Services Incorporated | | | | | | | 134,600 | | | | 219,135 | |
Japan Airport Terminal Company Limited | | | | | | | 10,800 | | | | 126,077 | |
Jasa Marga TBK PT | | | | | | | 395,500 | | | | 238,503 | |
Kamigumi Company Limited | | | | | | | 48,000 | | | | 385,618 | |
Koninklijke Vopak NV | | | | | | | 6,083 | | | | 390,211 | |
Macquarie Atlas Roads Limited † | | | | | | | 53,146 | | | | 83,460 | |
Malaysia Airports Holdings Berhad | | | | | | | 99,500 | | | | 174,511 | |
Mitsubishi Logistics Corporation | | | | | | | 25,000 | | | | 284,501 | |
Mitsui-Soko Company Limited | | | | | | | 9,000 | | | | 28,737 | |
Mundra Port & Special Economic Zone Limited | | | | | | | 99,788 | | | | 204,061 | |
Nissin Corporation | | | | | | | 4,000 | | | | 10,218 | |
Port of Tauranga Limited | | | | | | | 9,453 | | | | 91,210 | |
SIA Engineering Company | | | | | | | 30,000 | | | | 100,842 | |
Singapore Airport Terminal Services Limited | | | | | | | 108,666 | | | | 227,532 | |
Societa Iniziative Autostradali e Servizi SpA | | | | | | | 1,409 | | | | 10,102 | |
Societe Des Autoroutes Paris-Rhin-Rhone | | | | | | | 299 | | | | 15,186 | |
Sumitomo Warehouse Company Limited | | | | | | | 17,000 | | | | 74,909 | |
Sydney Airport Holdings Limited | | | | | | | 256,011 | | | | 859,617 | |
TAV Havalimanlari Holding AS | | | | | | | 40,981 | | | | 213,105 | |
The Great Eastern Shipping Company Limited | | | | | | | 13,632 | | | | 61,684 | |
TNT Express NV | | | | | | | 39,387 | | | | 443,491 | |
Transurban Group | | | | | | | 222,446 | | | | 1,390,411 | |
| | | | |
| 76 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Transportation Infrastructure (continued) | | | | | | | | | | | | |
Veripos Incorporated † | | | | | | | 2,340 | | | $ | 5,289 | |
Westshore Terminals Investment Corporation | | | | | | | 8,100 | | | | 205,838 | |
| | | | |
| | | | | | | | | | | 11,345,635 | |
| | | | | | | | | | | | |
| | | | |
Information Technology: 14.51% | | | | | | | | | | | | |
| | | | |
| Communications Equipment: 1.29% | | | | | | | | | | | | |
AAC Technologies Holdings Incorporated | | | | | | | 146,500 | | | | 497,718 | |
Acme Packet Incorporated Ǡ | | | | | | | 104,600 | | | | 1,996,814 | |
ADTRAN Incorporated « | | | | | | | 118,500 | | | | 2,404,365 | |
Aiphone Company Limited | | | | | | | 800 | | | | 15,746 | |
Alcatel SA †« | | | | | | | 228,967 | | | | 260,635 | |
Arris Group Incorporated Ǡ | | | | | | | 241,800 | | | | 3,295,734 | |
Aruba Networks Incorporated Ǡ | | | | | | | 204,800 | | | | 4,024,320 | |
Brocade Communications Systems Incorporated † | | | | | | | 323,236 | | | | 1,874,769 | |
BYD Electronic International Company Limited | | | | | | | 64,000 | | | | 12,955 | |
Ciena Corporation Ǡ | | | | | | | 179,080 | | | | 2,448,024 | |
Cisco Systems Incorporated | | | | | | | 1,118,249 | | | | 21,336,191 | |
Compal Communications Incorporated † | | | | | | | 40,025 | | | | 43,765 | |
D-Link Corporation | | | | | | | 73,749 | | | | 45,799 | |
Denki Kogyo Company Limited | | | | | | | 2,000 | | | | 7,893 | |
Emulex Corporation † | | | | | | | 171,335 | | | | 1,173,645 | |
EVS Broadcast Equipment SA | | | | | | | 552 | | | | 26,731 | |
F5 Networks Incorporated † | | | | | | | 61,338 | | | | 5,979,842 | |
Harris Corporation « | | | | | �� | | 77,300 | | | | 3,635,419 | |
High Tech Computer Corporation | | | | | | | 165,691 | | | | 1,427,274 | |
Hitachi Kokusai Electric Incorporated | | | | | | | 5,000 | | | | 32,058 | |
Icom Incorporated | | | | | | | 600 | | | | 13,825 | |
Interdigital Incorporated « | | | | | | | 79,832 | | | | 2,694,330 | |
Japan Radio Company Limited † | | | | | | | 2,000 | | | | 4,675 | |
Juniper Networks Incorporated † | | | | | | | 109,684 | | | | 1,912,889 | |
Motorola Solutions Incorporated | | | | | | | 36,242 | | | | 1,727,294 | |
Nokia Oyj « | | | | | | | 354,521 | | | | 1,007,771 | |
Polycom Incorporated † | | | | | | | 134,990 | | | | 1,406,596 | |
Qualcomm Incorporated | | | | | | | 356,597 | | | | 21,916,452 | |
Research in Motion Limited †« | | | | | | | 42,015 | | | | 280,029 | |
Riverbed Technology Incorporated † | | | | | | | 121,173 | | | | 2,422,248 | |
Spirent plc | | | | | | | 75,771 | | | | 190,696 | |
Telefonaktiebolaget LM Ericsson Class A | | | | | | | 3,200 | | | | 29,597 | |
Telefonaktiebolaget LM Ericsson Class B | | | | | | | 298,766 | | | | 2,797,181 | |
Tellabs Incorporated | | | | | | | 723,964 | | | | 2,570,072 | |
Viasat Incorporated Ǡ | | | | | | | 76,500 | | | | 2,960,550 | |
VTech Holdings Limited | | | | | | | 27,900 | | | | 341,018 | |
Zinwell Corporation | | | | | | | 23,446 | | | | 22,584 | |
| | | | |
| | | | | | | | | | | 92,837,504 | |
| | | | | | | | | | | | |
| | | | |
| Computers & Peripherals: 2.67% | | | | | | | | | | | | |
Acer Incorporated † | | | | | | | 625,517 | | | | 552,400 | |
Advantech Company Limited | | | | | | | 109,701 | | | | 380,919 | |
Amtran Technology Company Limited | | | | | | | 169,006 | | | | 129,783 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 77 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Computers & Peripherals (continued) | | | | | | | | | | | | |
Apple Incorporated | | | | | | | 193,588 | | | $ | 128,782,481 | |
Asustek Computer Incorporated | | | | | | | 153,601 | | | | 1,533,395 | |
BenQ Corporation † | | | | | | | 171,392 | | | | 36,337 | |
Catcher Technology Company Limited | | | | | | | 145,614 | | | | 726,830 | |
Chicony Electronics Company Limited | | | | | | | 184,242 | | | | 388,771 | |
Clevo Company | | | | | | | 116,586 | | | | 153,367 | |
CMC Magnetics Corporation † | | | | | | | 511,000 | | | | 81,894 | |
Compal Electronic Incorporated | | | | | | | 929,754 | | | | 814,866 | |
Dell Incorporated † | | | | | | | 195,100 | | | | 2,066,109 | |
Diebold Incorporated | | | | | | | 41,736 | | | | 1,359,759 | |
Eizo Nanao Corporation | | | | | | | 1,900 | | | | 34,071 | |
Electronics For Imaging Incorporated † | | | | | | | 98,478 | | | | 1,521,485 | |
Elitegroup Computer Systems | | | | | | | 43,672 | | | | 14,654 | |
EMC Corporation † | | | | | | | 438,420 | | | | 11,526,062 | |
Foxconn Technology Company Limited | | | | | | | 246,520 | | | | 938,309 | |
Fujitsu Limited | | | | | | | 327,000 | | | | 1,328,131 | |
Gemalto NV | | | | | | | 6,728 | | | | 533,221 | |
Gigabyte Technology Company Limited | | | | | | | 276,000 | | | | 238,670 | |
Hewlett-Packard Company | | | | | | | 244,615 | | | | 4,129,101 | |
Inventec Company Limited | | | | | | | 871,583 | | | | 285,183 | |
Jess Link Products Company Limited † | | | | | | | 37,143 | | | | 34,475 | |
Lenovo Group Limited | | | | | | | 1,064,000 | | | | 864,266 | |
Lexmark International Incorporated « | | | | | | | 52,200 | | | | 1,133,262 | |
Lite-On Technology Corporation | | | | | | | 525,269 | | | | 635,738 | |
Logitech International SA †« | | | | | | | 18,355 | | | | 170,726 | |
Megachips Corporation | | | | | | | 3,200 | | | | 60,121 | |
Melco Holdings Incorporated | | | | | | | 2,000 | | | | 42,966 | |
Micro-Star International Company Limited | | | | | | | 112,218 | | | | 53,765 | |
Mitac International Corporation † | | | | | | | 366,131 | | | | 118,087 | |
NetApp Incorporated † | | | | | | | 75,081 | | | | 2,591,796 | |
Pegatron Corporation | | | | | | | 375,150 | | | | 470,331 | |
QLogic Corporation Ǡ | | | | | | | 206,300 | | | | 2,510,671 | |
Quanta Computer Incorporated | | | | | | | 656,766 | | | | 1,695,036 | |
Ritek Corporation † | | | | | | | 272,159 | | | | 35,620 | |
SanDisk Corporation † | | | | | | | 165,700 | | | | 6,830,154 | |
Seagate Technology plc | | | | | | | 260,007 | | | | 8,322,824 | |
Seiko Epson Corporation « | | | | | | | 26,800 | | | | 171,832 | |
Toshiba Corporation | | | | | | | 744,000 | | | | 2,375,631 | |
TPV Technology Limited | | | | | | | 122,000 | | | | 23,123 | |
Wacom Company Limited | | | | | | | 80 | | | | 179,935 | |
Western Digital Corporation † | | | | | | | 160,300 | | | | 6,703,746 | |
Wincor Nixdorf AG | | | | | | | 1,542 | | | | 58,777 | |
Wistron Corporation | | | | | | | 433,665 | | | | 485,052 | |
| | | | |
| | | | | | | | | | | 193,123,732 | |
| | | | | | | | | | | | |
| | | | |
| Electronic Equipment, Instruments & Components: 1.43% | | | | | | | | | | | | |
AGFA-Gevaert NV † | | | | | | | 9,100 | | | | 14,307 | |
AGFA-Gevaert NV VVPR Strips †(a) | | | | | | | 2,275 | | | | 3 | |
Agilent Technologies Incorporated | | | | | | | 74,700 | | | | 2,775,852 | |
| | | | |
| 78 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Electronic Equipment, Instruments & Components (continued) | | | | | | | | | | | | |
ALPS Electric Company Limited | | | | | | | 26,700 | | | $ | 142,204 | |
Amphenol Corporation Class A | | | | | | | 127,734 | | | | 7,775,169 | |
Anixter International Incorporated « | | | | | | | 52,141 | | | | 3,135,238 | |
Anritsu Corporation | | | | | | | 23,000 | | | | 277,604 | |
Arisawa Manufacturing Company Limited | | | | | | | 3,400 | | | | 8,164 | |
Arrow Electronics Incorporated † | | | | | | | 77,214 | | | | 2,799,008 | |
AU Optronics Corporation † | | | | | | | 1,793,319 | | | | 544,265 | |
Avnet Incorporated † | | | | | | | 100,638 | | | | 3,241,550 | |
AVX Corporation | | | | | | | 31,628 | | | | 323,871 | |
Benchmark Electronics Incorporated Ǡ | | | | | | | 126,804 | | | | 2,035,204 | |
Calcomp Electronics PCL | | | | | | | 243,600 | | | | 21,301 | |
Canon Electronics Incorporated | | | | | | | 2,400 | | | | 51,283 | |
Celestica Incorporated NPV † | | | | | | | 22,738 | | | | 177,383 | |
Cheng Uei Precision Industry Company Limited | | | | | | | 71,855 | | | | 142,746 | |
Chroma ATE Incorporated | | | | | | | 84,624 | | | | 176,871 | |
Chunghwa Picture Tubes Limited † | | | | | | | 608,075 | | | | 16,039 | |
Citizen Holdings Company Limited | | | | | | | 51,300 | | | | 283,708 | |
CMK Corporation | | | | | | | 4,800 | | | | 15,081 | |
Cognex Corporation | | | | | | | 70,400 | | | | 2,540,736 | |
Cookson Group plc | | | | | | | 23,880 | | | | 227,128 | |
Corning Incorporated | | | | | | | 191,500 | | | | 2,296,085 | |
Daishinku Corporation | | | | | | | 6,000 | | | | 15,940 | |
Delta Electronics (Thailand) PCL | | | | | | | 22,600 | | | | 17,815 | |
Delta Electronics Incorporated | | | | | | | 457,531 | | | | 1,558,150 | |
Digital China Holdings Limited | | | | | | | 160,000 | | | | 257,867 | |
Dolby Laboratories Incorporated Class A Ǡ | | | | | | | 96,926 | | | | 3,216,005 | |
Electrocomponents plc | | | | | | | 44,350 | | | | 156,546 | |
Enplas Corporation | | | | | | | 3,900 | | | | 123,334 | |
ESPEC Corporation | | | | | | | 3,600 | | | | 31,542 | |
Everlight Electronics Company Limited | | | | | | | 83,210 | | | | 128,492 | |
Evertz Technologies Limited | | | | | | | 1,640 | | | | 21,562 | |
Flextronics International Limited † | | | | | | | 459,100 | | | | 3,089,743 | |
Foxconn International Holdings Limited † | | | | | | | 378,000 | | | | 118,918 | |
FUJIFILM Holdings Corporation | | | | | | | 81,600 | | | | 1,353,834 | |
Hakuto Company Limited | | | | | | | 4,800 | | | | 45,489 | |
Halma plc | | | | | | | 39,753 | | | | 256,590 | |
Hamamatsu Photonics | | | | | | | 13,400 | | | | 473,908 | |
Hana Microelectronics PCL | | | | | | | 194,800 | | | | 126,199 | |
Hannstar Display Corporation † | | | | | | | 1,612,962 | | | | 103,398 | |
Hioki EE Corporation | | | | | | | 900 | | | | 15,104 | |
Hirose Electric Company Limited | | | | | | | 6,300 | | | | 653,375 | |
Hitachi High Technologies Corporation | | | | | | | 10,900 | | | | 269,524 | |
Hitachi Limited | | | | | | | 806,000 | | | | 4,622,185 | |
Hon Hai Precision Industry Company Limited | | | | | | | 2,104,726 | | | | 5,959,092 | |
Horiba Limited | | | | | | | 8,200 | | | | 241,826 | |
Hosiden Corporation | | | | | | | 6,500 | | | | 33,457 | |
Hoya Corporation | | | | | | | 75,600 | | | | 1,705,212 | |
Ibiden Company Limited | | | | | | | 27,700 | | | | 418,180 | |
Ingenico SA | | | | | | | 5,239 | | | | 277,917 | |
Ingram Micro Incorporated † | | | | | | | 104,273 | | | | 1,592,249 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 79 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Electronic Equipment, Instruments & Components (continued) | | | | | | | | | | | | |
Innolux Display Corporation † | | | | | | | 1,447,723 | | | $ | 463,063 | |
Insight Enterprises Incorporated † | | | | | | | 92,260 | | | | 1,656,990 | |
IPG Photonics Corporation Ǡ | | | | | | | 23,100 | | | | 1,420,419 | |
Itron Incorporated Ǡ | | | | | | | 73,662 | | | | 3,193,984 | |
Jabil Circuit Incorporated | | | | | | | 133,500 | | | | 3,041,130 | |
Japan Aviation Electronics Industry Limited | | | | | | | 9,000 | | | | 74,373 | |
Japan Cash Machine Company Limited | | | | | | | 2,900 | | | | 25,224 | |
Ju Teng International Holdings Limited | | | | | | | 76,000 | | | | 33,806 | |
Kaga Electronics Company Limited | | | | | | | 3,800 | | | | 37,226 | |
Keyence Corporation | | | | | | | 7,900 | | | | 2,080,567 | |
Kingboard Chemicals Holdings Limited | | | | | | | 123,450 | | | | 269,949 | |
Kingboard Laminates Holdings Limited | | | | | | | 121,000 | | | | 47,271 | |
KOA Corporation | | | | | | | 3,700 | | | | 31,473 | |
Kudelski SA | | | | | | | 2,324 | | | | 23,101 | |
Kuroda Electric Company Limited | | | | | | | 3,100 | | | | 37,258 | |
Kyocera Corporation | | | | | | | 31,700 | | | | 2,720,787 | |
Kyocera Corporation ADR | | | | | | | 30 | | | | 2,596 | |
Laird Group plc | | | | | | | 37,748 | | | | 140,375 | |
Largan Precision Company Limited | | | | | | | 27,244 | | | | 566,693 | |
LG Innotek Company Limited † | | | | | | | 2,021 | | | | 159,952 | |
LG Phillips LCD Company Limited † | | | | | | | 39,690 | | | | 907,750 | |
Littelfuse Incorporated « | | | | | | | 41,451 | | | | 2,126,022 | |
Mitsumi Electric Company Limited † | | | | | | | 8,700 | | | | 50,003 | |
MMI Holdings Limited | | | | | | | 161,343 | | | | 373,645 | |
Molex Incorporated | | | | | | | 48,291 | | | | 1,282,126 | |
Molex Incorporated Class A | | | | | | | 58,047 | | | | 1,288,063 | |
Muramoto Electron Thailand PCL | | | | | | | 300 | | | | 1,728 | |
Murata Manufacturing Company Limited | | | | | | | 39,200 | | | | 1,932,588 | |
Nan Ya Printed Circuit Board Corporation | | | | | | | 26,197 | | | | 41,984 | |
Nichicon Corporation | | | | | | | 9,200 | | | | 70,503 | |
Nidec Sankyo Corporation | | | | | | | 3,000 | | | | 16,016 | |
Nihon Dempa Kogyo Company Limited | | | | | | | 3,200 | | | | 37,193 | |
Nippon Chemi-Con Corporation † | | | | | | | 17,000 | | | | 32,786 | |
Nippon Electric Glass Company Limited | | | | | | | 61,000 | | | | 289,827 | |
Oki Electric Industry Company Limited † | | | | | | | 109,000 | | | | 126,688 | |
Omron Corporation | | | | | | | 39,304 | | | | 767,054 | |
Optex Company Limited | | | | | | | 2,730 | | | | 30,579 | |
Osaki Electric Company Limited | | | | | | | 5,000 | | | | 31,803 | |
Pan-International Industrial † | | | | | | | 59,176 | | | | 57,396 | |
Plexus Corporation Ǡ | | | | | | | 76,000 | | | | 2,271,640 | |
Premier Farnell plc | | | | | | | 18,366 | | | | 55,759 | |
Ryosan Company Limited | | | | | | | 4,200 | | | | 76,817 | |
Ryoyo Electro Corporation | | | | | | | 800 | | | | 7,837 | |
Samart Corporation PCL | | | | | | | 379,400 | | | | 112,603 | |
Samsung SDI Company Limited | | | | | | | 6,828 | | | | 860,552 | |
Sanshin Electronics Company Limited | | | | | | | 900 | | | | 6,414 | |
Shimadzu Corporation | | | | | | | 48,000 | | | | 333,508 | |
Sintek Photronic Corporation † | | | | | | | 188,000 | | | | 72,812 | |
SMK Corporation | | | | | | | 11,000 | | | | 28,942 | |
Spectris plc | | | | | | | 9,963 | | | | 273,524 | |
| | | | |
| 80 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Electronic Equipment, Instruments & Components (continued) | | | | | | | | | | | | |
Star Micronics Company Limited | | | | | | | 6,100 | | | $ | 59,290 | |
Synnex Technology International Corporation | | | | | | | 261,462 | | | | 583,141 | |
Taiyo Yuden Company Limited | | | | | | | 15,000 | | | | 130,085 | |
Tamura Corporation | | | | | | | 16,000 | | | | 37,193 | |
TDK Corporation | | | | | | | 22,600 | | | | 861,337 | |
TE Connectivity Limited | | | | | | | 53,646 | | | | 1,886,730 | |
Teikoky Tsushin Kogyo Company | | | | | | | 2,000 | | | | 3,321 | |
TOKO Incorporated † | | | | | | | 14,000 | | | | 38,266 | |
Topcon Corporation « | | | | | | | 6,200 | | | | 37,297 | |
Toshiba TEC Corporation | | | | | | | 19,000 | | | | 77,170 | |
Toyo Corporation | | | | | | | 3,700 | | | | 41,208 | |
TPK Holding Company Limited | | | | | | | 38,033 | | | | 491,428 | |
Trimble Navigation Limited † | | | | | | | 96,659 | | | | 4,741,124 | |
Tripod Technology Corporation | | | | | | | 120,261 | | | | 265,007 | |
Truly International | | | | | | | 22,000 | | | | 2,978 | |
Unimicron Technology Corporation | | | | | | | 312,402 | | | | 355,156 | |
Universal Display Corporation Ǡ | | | | | | | 72,200 | | | | 2,914,714 | |
Venture Corporation Limited | | | | | | | 49,000 | | | | 305,046 | |
Vishay Intertechnology Incorporated † | | | | | | | 309,954 | | | | 2,963,160 | |
Vishay Precision Group † | | | | | | | 200 | | | | 2,708 | |
Wasion Group Holdings Limited | | | | | | | 28,000 | | | | 10,000 | |
WBL Corporation Limited | | | | | | | 16,000 | | | | 43,899 | |
Wintek Corporation † | | | | | | | 398,484 | | | | 202,229 | |
WPG Holdings Company Limited | | | | | | | 352,227 | | | | 415,132 | |
Yageo Corporation | | | | | | | 587,000 | | | | 168,941 | |
Yamatake Corporation | | | | | | | 10,300 | | | | 202,856 | |
Yaskawa Electric Corporation | | | | | | | 38,000 | | | | 248,981 | |
Yokogawa Electric Corporation | | | | | | | 41,400 | | | | 482,766 | |
Yokowo Company Limited | | | | | | | 3,200 | | | | 16,267 | |
Young Fast Optoelectronics Company Limited † | | | | | | | 13,071 | | | | 32,644 | |
| | | | |
| | | | | | | | | | | 103,114,726 | |
| | | | | | | | | | | | |
| | | | |
| Internet Software & Services: 1.54% | | | | | | | | | | | | |
Access Company Limited † | | | | | | | 32 | | | | 24,564 | |
Akamai Technologies Incorporated † | | | | | | | 141,448 | | | | 5,305,714 | |
AOL Incorporated Ǡ | | | | | | | 201,685 | | | | 6,790,734 | |
Baidu.com Incorporated ADR † | | | | | | | 24,072 | | | | 2,682,584 | |
Costar Group Incorporated † | | | | | | | 47,100 | | | | 3,826,875 | |
Daum Communications Corporation | | | | | | | 1,227 | | | | 122,524 | |
Digital River Incorporated † | | | | | | | 74,600 | | | | 1,242,836 | |
eAccess Limited | | | | | | | 510 | | | | 92,952 | |
Earthlink Incorporated | | | | | | | 226,793 | | | | 1,514,977 | |
eBay Incorporated † | | | | | | | 229,908 | | | | 10,913,733 | |
Equinix Incorporated Ǡ | | | | | | | 36,872 | | | | 7,287,751 | |
G-Resources Group Limited † | | | | | | | 4,605,000 | | | | 210,777 | |
Google Incorporated Class A † | | | | | | | 53,642 | | | | 36,749,598 | |
Gourmet Navigator Incorporated | | | | | | | 1,800 | | | | 19,863 | |
Gree Incorporated « | | | | | | | 21,300 | | | | 354,207 | |
IAC InterActiveCorp | | | | | | | 56,240 | | | | 2,915,482 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 81 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Internet Software & Services (continued) | | | | | | | | | | | | |
ILIAD SA | | | | | | | 1,567 | | | $ | 248,343 | |
Internet Initiative Japan Incorporated | | | | | | | 21 | | | | 93,071 | |
Kakaku.com Incorporated | | | | | | | 4,600 | | | | 164,682 | |
Mixi Incorporated | | | | | | | 4 | | | | 6,039 | |
NetEase.com Incorporated ADR Ǡ | | | | | | | 12,292 | | | | 640,044 | |
NHN Corporation | | | | | | | 9,531 | | | | 2,179,834 | |
Open Text Corporation † | | | | | | | 4,600 | | | | 247,278 | |
OpenTable Incorporated Ǡ | | | | | | | 41,400 | | | | 1,757,430 | |
Rackspace Hosting Incorporated † | | | | | | | 88,804 | | | | 5,326,464 | |
So-Net Entertainment Corporation | | | | | | | 16 | | | | 115,665 | |
Telecity Group plc | | | | | | | 21,802 | | | | 301,179 | |
Tencent Holdings Limited | | | | | | | 208,100 | | | | 6,358,950 | |
Tiscali SpA † | | | | | | | 588 | | | | 24 | |
United Internet AG | | | | | | | 13,768 | | | | 278,723 | |
ValueClick Incorporated Ǡ | | | | | | | 167,390 | | | | 2,721,761 | |
VeriSign Incorporated Ǡ | | | | | | | 125,400 | | | | 5,979,072 | |
VistaPrint NV Ǡ | | | | | | | 67,172 | | | | 2,422,894 | |
WebMD Health Corporation Ǡ | | | | | | | 86,234 | | | | 1,288,336 | |
White Energy Company Limited †« | | | | | | | 56,094 | | | | 15,068 | |
Yahoo! Japan Corporation | | | | | | | 2,552 | | | | 877,775 | |
| | | | |
| | | | | | | | | | | 111,077,803 | |
| | | | | | | | | | | | |
| | | | |
| IT Services: 2.28% | | | | | | | | | | | | |
Acxiom Corporation † | | | | | | | 165,619 | | | | 2,825,460 | |
Alliance Data Systems Corporation † | | | | | | | 38,680 | | | | 5,324,302 | |
Amadeus IT Holding SA | | | | | | | 24,700 | | | | 551,762 | |
Amdocs Limited † | | | | | | | 120,761 | | | | 3,893,335 | |
Atos Origin SA | | | | | | | 4,678 | | | | 273,900 | |
Broadridge Financial Solutions Incorporated | | | | | | | 80,013 | | | | 1,894,708 | |
CACI International Incorporated Class A Ǡ | | | | | | | 47,956 | | | | 2,560,371 | |
Cap Gemini SA | | | | | | | 14,926 | | | | 548,668 | |
CGI Group Incorporated † | | | | | | | 22,100 | | | | 577,077 | |
Cielo SA | | | | | | | 92,764 | | | | 2,742,385 | |
Cognizant Technology Solutions Corporation Class A † | | | | | | | 61,587 | | | | 3,958,812 | |
Computer Sciences Corporation | | | | | | | 102,200 | | | | 3,291,862 | |
Computershare Limited | | | | | | | 90,286 | | | | 783,543 | |
Convergys Corporation « | | | | | | | 223,977 | | | | 3,473,883 | |
Corelogic Incorporated † | | | | | | | 200,556 | | | | 4,933,678 | |
Digital Garage Incorporated | | | | | | | 18 | | | | 28,462 | |
DST Systems Incorporated | | | | | | | 26,500 | | | | 1,348,320 | |
Euronet Worldwide Incorporated Ǡ | | | | | | | 108,200 | | | | 1,921,632 | |
Fiserv Incorporated † | | | | | | | 107,614 | | | | 7,673,954 | |
Gartner Incorporated † | | | | | | | 68,200 | | | | 3,368,398 | |
Global Payments Incorporated | | | | | | | 57,613 | | | | 2,399,581 | |
HCL Technologies Limited | | | | | | | 49,439 | | | | 483,858 | |
Hi Sun Technology China Limited † | | | | | | | 309,000 | | | | 18,127 | |
Imagination Technologies Group plc † | | | | | | | 20,088 | | | | 190,424 | |
Indra Sistemas SA | | | | | | | 6,012 | | | | 57,644 | |
Ines Corporation | | | | | | | 2,500 | | | | 14,880 | |
| | | | |
| 82 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| IT Services (continued) | | | | | | | | | | | | |
Infosys Technologies Limited | | | | | | | 97,636 | | | $ | 4,145,295 | |
Infosys Technologies Limited ADR « | | | | | | | 17,827 | | | | 758,182 | |
International Business Machines Corporation | | | | | | | 229,846 | | | | 44,785,493 | |
Iress Market Technology Limited | | | | | | | 16,055 | | | | 121,750 | |
IT Holdings Corporation | | | | | | | 24,806 | | | | 313,342 | |
Itochu Techno-Science Corporation | | | | | | | 4,300 | | | | 235,609 | |
MasterCard Incorporated Class A | | | | | | | 21,790 | | | | 9,214,991 | |
Mphasis Limited | | | | | | | 22,655 | | | | 156,640 | |
NEC Fielding Limited | | | | | | | 800 | | | | 9,738 | |
Net One Systems Company Limited | | | | | | | 12,000 | | | | 158,478 | |
Nihon Unisys Limited | | | | | | | 9,400 | | | | 62,431 | |
Nomura Research Institute Limited | | | | | | | 20,600 | | | | 430,181 | |
NS Solutions Corporation | | | | | | | 2,600 | | | | 50,509 | |
NTT Data Corporation | | | | | | | 228 | | | | 679,676 | |
OBIC Company Limited | | | | | | | 1,450 | | | | 304,834 | |
Otsuka Corporation | | | | | | | 4,000 | | | | 352,513 | |
Paychex Incorporated « | | | | | | | 40,800 | | | | 1,357,008 | |
Redecard SA | | | | | | | 81,076 | | | | 1,340,017 | |
SAIC Incorporated « | | | | | | | 237,949 | | | | 2,905,357 | |
Satyam Computer Services Limited † | | | | | | | 135,961 | | | | 227,926 | |
SK C&C Company Limited | | | | | | | 4,185 | | | | 403,885 | |
SMS Management & Technology Limited | | | | | | | 7,620 | | | | 48,023 | |
Softbank Corporation | | | | | | | 153,800 | | | | 6,266,326 | |
Tata Consultancy Services Limited | | | | | | | 91,881 | | | | 2,219,597 | |
Tech Mahindra Limited | | | | | | | 3,875 | | | | 55,633 | |
Teradata Corporation † | | | | | | | 132,701 | | | | 10,135,702 | |
TietoEnator Oyj | | | | | | | 8,394 | | | | 144,011 | |
TKC AS | | | | | | | 2,200 | | | | 44,930 | |
Total System Services Incorporated | | | | | | | 126,250 | | | | 2,926,475 | |
Transcosmos Incorporated | | | | | | | 4,400 | | | | 55,242 | |
Visa Incorporated « | | | | | | | 108,811 | | | | 13,955,011 | |
Wipro Limited | | | | | | | 97,375 | | | | 634,754 | |
Wipro Limited ADR « | | | | | | | 28,596 | | | | 222,477 | |
Wirecard AG | | | | | | | 9,255 | | | | 198,187 | |
Wright Express Corporation Ǡ | | | | | | | 70,851 | | | | 4,664,830 | |
| | | | |
| | | | | | | | | | | 164,724,079 | |
| | | | | | | | | | | | |
| | | | |
| Office Electronics: 0.14% | | | | | | | | | | | | |
Ability Enterprise Company Limited | | | | | | | 40,000 | | | | 38,730 | |
Brother Industries Limited | | | | | | | 41,300 | | | | 418,301 | |
Canon Incorporated | | | | | | | 197,800 | | | | 6,555,859 | |
Canon Incorporated ADR | | | | | | | 7 | | | | 233 | |
Konica Minolta Holdings Incorporated | | | | | | | 93,000 | | | | 687,745 | |
Neopost SA | | | | | | | 3,201 | | | | 170,953 | |
OCE NV †(a) | | | | | | | 3,572 | | | | 43,805 | |
Ricoh Company Limited « | | | | | | | 123,565 | | | | 972,170 | |
Riso Kagaku Corporation | | | | | | | 3,700 | | | | 63,750 | |
Xerox Corporation | | | | | | | 174,739 | | | | 1,287,826 | |
| | | | |
| | | | | | | | | | | 10,239,372 | |
| | | | | | | | | | | | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 83 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Semiconductors & Semiconductor Equipment: 2.57% | | | | | | | | | | | | |
Advanced Micro Devices Incorporated Ǡ | | | | | | | 404,600 | | | $ | 1,505,112 | |
Advanced Semiconductor Engineering Incorporated | | | | | | | 1,286,821 | | | | 962,398 | |
Advantest Corporation « | | | | | | | 28,500 | | | | 413,513 | |
Aixtron AG | | | | | | | 8,010 | | | | 118,582 | |
Alicorp | | | | | | | 61,000 | | | | 64,460 | |
Analog Devices Incorporated | | | | | | | 202,300 | | | | 8,039,402 | |
Applied Materials Incorporated | | | | | | | 162,300 | | | | 1,897,287 | |
ARM Holdings plc | | | | | | | 132,795 | | | | 1,210,329 | |
ASM International NV | | | | | | | 4,894 | | | | 172,359 | |
ASM Pacific Technology | | | | | | | 31,700 | | | | 353,133 | |
ASML Holding NV | | | | | | | 40,829 | | | | 2,312,760 | |
Atmel Corporation † | | | | | | | 295,203 | | | | 1,750,554 | |
ATMI Incorporated † | | | | | | | 63,600 | | | | 1,202,676 | |
Axell Corporation | | | | | | | 1,400 | | | | 32,275 | |
Broadcom Corporation Class A | | | | | | | 98,800 | | | | 3,510,364 | |
Cabot Microelectronics Corporation « | | | | | | | 45,617 | | | | 1,517,678 | |
Cavium Incorporated Ǡ | | | | | | | 88,759 | | | | 2,866,916 | |
CREE Incorporated Ǡ | | | | | | | 91,363 | | | | 2,576,437 | |
CSR plc | | | | | | | 9,097 | | | | 47,032 | |
Cymer Incorporated Ǡ | | | | | | | 51,606 | | | | 2,926,060 | |
Cypress Semiconductor Corporation | | | | | | | 337,400 | | | | 3,917,214 | |
Dainippon Screen Manufacturing Company Limited | | | | | | | 36,000 | | | | 193,116 | |
Dialog Semiconductor plc † | | | | | | | 8,213 | | | | 176,803 | |
Disco Corporation | | | | | | | 5,400 | | | | 267,603 | |
Elan Microelectronics Corporation | | | | | | | 44,000 | | | | 68,899 | |
Epistar Corporation | | | | | | | 213,210 | | | | 432,813 | |
Fairchild Semiconductor International Incorporated Ǡ | | | | | | | 279,382 | | | | 4,056,627 | |
Faraday Technology Corporation | | | | | | | 23,527 | | | | 33,345 | |
Ferrotec Corporation | | | | | | | 3,100 | | | | 13,224 | |
First Solar Incorporated Ǡ | | | | | | | 38,600 | | | | 771,614 | |
Formosa Sumco Technology Corporation † | | | | | | | 12,600 | | | | 12,116 | |
Gintech Energy Corporation † | | | | | | | 66,008 | | | | 65,124 | |
Global Unichip Corporation | | | | | | | 4,386 | | | | 15,962 | |
GT Advanced Technologies Incorporated Ǡ | | | | | | | 256,588 | | | | 1,488,210 | |
Hittite Microwave Corporation Ǡ | | | | | | | 50,800 | | | | 2,660,396 | |
Hynix Semiconductor Incorporated † | | | | | | | 108,197 | | | | 2,021,616 | |
Infineon Technologies AG | | | | | | | 102,520 | | | | 708,578 | |
Inotera Memories Incorporated † | | | | | | | 214,888 | | | | 36,806 | |
Integrated Device Technology Incorporated † | | | | | | | 300,482 | | | | 1,598,564 | |
Intel Corporation | | | | | | | 626,534 | | | | 15,556,839 | |
International Rectifier Corporation Ǡ | | | | | | | 151,000 | | | | 2,628,910 | |
Intersil Corporation Class A | | | | | | | 273,779 | | | | 2,417,469 | |
King Yuan Electronics Company Limited | | | | | | | 341,063 | | | | 182,198 | |
Kinsus Interconnect Technology Corporation | | | | | | | 53,582 | | | | 153,316 | |
KLA-Tencor Corporation | | | | | | | 111,200 | | | | 5,705,672 | |
Kontron AG | | | | | | | 3,147 | | | | 15,722 | |
Linear Technology Corporation | | | | | | | 140,900 | | | | 4,653,223 | |
LSI Logic Corporation † | | | | | | | 398,793 | | | | 3,106,597 | |
Macronix International | | | | | | | 849,267 | | | | 229,110 | |
Mediatek Incorporated | | | | | | | 268,775 | | | | 2,871,624 | |
| | | | |
| 84 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Semiconductors & Semiconductor Equipment (continued) | | | | | | | | | | | | |
MEMC Electronic Materials Incorporated Ǡ | | | | | | | 459,100 | | | $ | 1,230,388 | |
Microchip Technology Incorporated « | | | | | | | 128,300 | | | | 4,458,425 | |
Micron Technology Incorporated † | | | | | | | 690,900 | | | | 4,290,489 | |
Micronics Japan Company Limited | | | | | | | 600 | | | | 1,832 | |
Microsemi Corporation Ǡ | | | | | | | 169,100 | | | | 3,366,781 | |
Mimasu Semiconductor Industry Company Limited | | | | | | | 600 | | | | 4,575 | |
Mitsui High-Tec Incorporated † | | | | | | | 6,300 | | | | 31,462 | |
MStar Semiconductor Incorporated | | | | | | | 74,000 | | | | 589,262 | |
Nanya Technology Corporation † | | | | | | | 1,805,367 | | | | 121,760 | |
Nidec Copal Electronics Corporation | | | | | | | 7,000 | | | | 37,461 | |
Novatek Microelectronics Corporation Limited | | | | | | | 119,790 | | | | 385,955 | |
ON Semiconductor Corporation † | | | | | | | 295,700 | | | | 1,842,211 | |
PMC-Sierra Incorporated Ǡ | | | | | | | 496,333 | | | | 2,903,548 | |
Powertech Technology Incorporated | | | | | | | 181,914 | | | | 343,165 | |
PV Crystalox Solar plc † | | | | | | | 8,268 | | | | 1,037 | |
Q-Cells AG †« | | | | | | | 3,594 | | | | 267 | |
Radiant Opto Electronics Corporation | | | | | | | 111,394 | | | | 477,918 | |
Realtek Semiconductor Corporation | | | | | | | 98,456 | | | | 185,400 | |
Renesas Electronics Corporation †« | | | | | | | 6,100 | | | | 20,490 | |
Renewable Energy Corporation AS † | | | | | | | 22,630 | | | | 6,771 | |
RF Micro Devices Incorporated Ǡ | | | | | | | 606,823 | | | | 2,275,586 | |
Richtek Technology Corporation | | | | | | | 29,166 | | | | 166,031 | |
Rohm Company Limited | | | | | | | 17,700 | | | | 577,604 | |
Samsung Electronics Company Limited | | | | | | | 22,630 | | | | 24,592,081 | |
Sanken Electric Company Limited | | | | | | | 16,000 | | | | 48,228 | |
Semiconductor Manufacturing International Corporation † | | | | | | | 3,332,000 | | | | 126,734 | |
Semtech Corporation † | | | | | | | 126,600 | | | | 3,104,232 | |
Seoul Semiconductor Company Limited | | | | | | | 9,698 | | | | 176,929 | |
Shindengen Electric Manufacturing Company Limited | | | | | | | 9,000 | | | | 21,726 | |
Shinkawa Limited | | | | | | | 2,200 | | | | 10,228 | |
Shinko Electric Industries | | | | | | | 6,300 | | | | 41,279 | |
Silex Systems Limited † | | | | | | | 14,168 | | | | 54,159 | |
Silicon Laboratories Incorporated Ǡ | | | | | | | 77,865 | | | | 2,977,558 | |
Siliconware Precision Industries Company | | | | | | | 700,471 | | | | 790,488 | |
Sino-Tech International Holdings Limited †(a) | | | | | | | 2,700,000 | | | | 0 | |
Soitec SA † | | | | | | | 13,811 | | | | 46,208 | |
Solarworld AG « | | | | | | | 3,922 | | | | 5,372 | |
STMicroelectronics NV | | | | | | | 66,138 | | | | 394,646 | |
Sumco Corporation † | | | | | | | 14,300 | | | | 107,759 | |
Taiwan Semiconductor Manufacturing Company Limited | | | | | | | 5,166,298 | | | | 14,368,556 | |
Teradyne Incorporated Ǡ | | | | | | | 405,508 | | | | 6,334,035 | |
Tessera Technologies Incorporated « | | | | | | | 107,700 | | | | 1,644,579 | |
Texas Instruments Incorporated | | | | | | | 140,700 | | | | 4,085,928 | |
Tokyo Electron Limited | | | | | | | 30,800 | | | | 1,445,686 | |
Tokyo Seimitsu Company Limited | | | | | | | 6,200 | | | | 89,561 | |
Transcend Information Incorporated | | | | | | | 118,130 | | | | 310,007 | |
Triquint Semiconductor Incorporated Ǡ | | | | | | | 365,000 | | | | 2,029,400 | |
ULVAC Incorporated †« | | | | | | | 9,400 | | | | 75,517 | |
United Microelectronics Corporation | | | | | | | 2,665,301 | | | | 1,067,865 | |
Veeco Instruments Incorporated Ǡ | | | | | | | 85,000 | | | | 2,915,500 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 85 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Semiconductors & Semiconductor Equipment (continued) | | | | | | | | | | | | |
VIA Technologies Incorporated † | | | | | | | 150,971 | | | $ | 45,668 | |
Windbond Electronics Corporation † | | | | | | | 630,000 | | | | 93,603 | |
Xilinx Incorporated | | | | | | | 175,000 | | | | 5,934,250 | |
| | | | |
| | | | | | | | | | | 185,794,837 | |
| | | | | | | | | | | | |
| | | | |
| Software: 2.59% | | | | | | | | | | | | |
ACI Worldwide Incorporated † | | | | | | | 71,500 | | | | 3,101,670 | |
Adobe Systems Incorporated † | | | | | | | 101,444 | | | | 3,172,154 | |
Advent Software Incorporated Ǡ | | | | | | | 64,880 | | | | 1,541,549 | |
Ansys Incorporated † | | | | | | | 73,645 | | | | 5,133,057 | |
Ariba Incorporated † | | | | | | | 188,000 | | | | 8,401,720 | |
Asseco Poland SA | | | | | | | 17,110 | | | | 229,008 | |
athenahealth Incorporated Ǡ | | | | | | | 67,563 | | | | 5,970,542 | |
Autodesk Incorporated † | | | | | | | 178,598 | | | | 5,545,468 | |
Aveva Group plc | | | | | | | 5,331 | | | | 156,853 | |
CA Incorporated | | | | | | | 47,100 | | | | 1,226,013 | |
Cadence Design Systems Incorporated Ǡ | | | | | | | 592,400 | | | | 7,819,680 | |
Capcom Company Limited « | | | | | | | 7,500 | | | | 149,052 | |
Check Point Software Technologies Ǡ | | | | | | | 111,268 | | | | 5,128,342 | |
Citrix Systems Incorporated † | | | | | | | 40,400 | | | | 3,138,676 | |
CommVault Systems Incorporated † | | | | | | | 74,000 | | | | 3,731,080 | |
Concur Technologies Incorporated Ǡ | | | | | | | 88,220 | | | | 6,387,128 | |
Dassault Systemes SA | | | | | | | 5,272 | | | | 511,989 | |
DTS Corporation | | | | | | | 800 | | | | 10,637 | |
Factset Research Systems Incorporated « | | | | | | | 31,641 | | | | 2,919,515 | |
Financial Technologies (India) Limited | | | | | | | 3,146 | | | | 47,539 | |
Fortinet Incorporated † | | | | | | | 95,000 | | | | 2,518,450 | |
Fuji Soft Incorporated | | | | | | | 2,600 | | | | 46,258 | |
I-Flex Solutions Limited † | | | | | | | 4,122 | | | | 220,458 | |
Informatica Corporation † | | | | | | | 82,738 | | | | 2,697,259 | |
Intuit Incorporated | | | | | | | 59,442 | | | | 3,479,735 | |
Kingdee International Software Group Company Limited †« | | | | | | | 408,000 | | | | 61,022 | |
Konami Corporation | | | | | | | 20,000 | | | | 459,033 | |
MacDonald Dettwiler & Associates Limited | | | | | | | 2,966 | | | | 177,975 | |
Mentor Graphics Corporation † | | | | | | | 200,872 | | | | 3,320,414 | |
Micro Focus International plc | | | | | | | 17,746 | | | | 153,007 | |
MICROS Systems Incorporated † | | | | | | | 61,629 | | | | 3,122,125 | |
Microsoft Corporation | | | | | | | 936,171 | | | | 28,852,790 | |
NCsoft Corporation | | | | | | | 2,530 | | | | 563,027 | |
Neowiz Games Corporation † | | | | | | | 3,490 | | | | 79,666 | |
NEXON Company Limited † | | | | | | | 10,900 | | | | 157,176 | |
Nice Systems Limited † | | | | | | | 6,731 | | | | 211,263 | |
Nintendo Company Limited | | | | | | | 20,000 | | | | 2,237,691 | |
Nippon System Development Company Limited | | | | | | | 4,000 | | | | 36,784 | |
Nuance Communications Incorporated Ǡ | | | | | | | 178,144 | | | | 4,248,734 | |
OBIC Business Consultants Limited | | | | | | | 300 | | | | 16,438 | |
Oracle Corporation | | | | | | | 794,615 | | | | 25,149,565 | |
Oracle Corporation (Japan) | | | | | | | 5,800 | | | | 280,388 | |
Qlik Technologies Incorporated † | | | | | | | 61,500 | | | | 1,300,725 | |
| | | | |
| 86 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Software (continued) | | | | | | | | | | | | |
Red Hat Incorporated † | | | | | | | 152,052 | | | $ | 8,520,994 | |
Rovi Corporation † | | | | | | | 87,089 | | | | 1,335,945 | |
Royalblue Group plc | | | | | | | 2,334 | | | | 53,071 | |
Sage Group plc | | | | | | | 125,814 | | | | 591,730 | |
Salesforce.com Incorporated Ǡ | | | | | | | 26,067 | | | | 3,784,407 | |
SAP AG | | | | | | | 86,622 | | | | 5,710,234 | |
Software AG | | | | | | | 6,805 | | | | 235,296 | |
Solera Holdings Incorporated | | | | | | | 55,760 | | | | 2,293,409 | |
Square Enix Company Limited | | | | | | | 9,300 | | | | 155,841 | |
Sumisho Computer Systems | | | | | | | 18,100 | | | | 285,041 | |
Symantec Corporation † | | | | | | | 87,500 | | | | 1,560,125 | |
Take-Two Interactive Software Incorporated † | | | | | | | 196,640 | | | | 2,015,560 | |
Tecmo Koei Holdings Company Limited | | | | | | | 8,000 | | | | 64,576 | |
Temenos Group AG † | | | | | | | 5,073 | | | | 72,001 | |
TiVo Incorporated † | | | | | | | 265,067 | | | | 2,409,459 | |
Trend Micro Incorporated | | | | | | | 20,400 | | | | 565,400 | |
Ubisoft Entertainment † | | | | | | | 3,327 | | | | 25,150 | |
Ultimate Software Group Incorporated † | | | | | | | 49,700 | | | | 4,929,743 | |
Verifone Holdings Incorporated Ǡ | | | | | | | 80,999 | | | | 2,813,905 | |
VMware Incorporated † | | | | | | | 66,311 | | | | 5,904,331 | |
| | | | |
| | | | | | | | | | | 187,037,873 | |
| | | | | | | | | | | | |
| | | | |
Materials: 6.56% | | | | | | | | | | | | |
| | | | |
| Chemicals: 2.74% | | | | | | | | | | | | |
A Schulman Incorporated | | | | | | | 57,994 | | | | 1,408,674 | |
Achilles Corporation | | | | | | | 8,000 | | | | 10,320 | |
Adeka Corporation | | | | | | | 14,900 | | | | 116,848 | |
Agrium Incorporated | | | | | | | 16,700 | | | | 1,643,487 | |
Air Liquide SA | | | | | | | 31,905 | | | | 3,754,171 | |
Air Water Incorporated | | | | | | | 33,000 | | | | 383,971 | |
Airgas Incorporated | | | | | | | 51,605 | | | | 4,286,827 | |
Akzo Nobel NV | | | | | | | 23,422 | | | | 1,349,866 | |
Alexandria Mineral Oils Company | | | | | | | 1,424 | | | | 18,431 | |
Arkema | | | | | | | 5,927 | | | | 504,553 | |
Asahi Kasei Corporation | | | | | | | 234,000 | | | | 1,216,400 | |
Asahi Organic Chemicals Industry Company Limited | | | | | | | 3,000 | | | | 7,165 | |
Ashland Incorporated | | | | | | | 55,489 | | | | 4,085,655 | |
Asian Paints Limited | | | | | | | 9,321 | | | | 610,067 | |
BASF SE NPV | | | | | | | 87,861 | | | | 6,830,720 | |
Batu Kawan Berhad | | | | | | | 35,500 | | | | 215,875 | |
Brenntag AG | | | | | | | 3,644 | | | | 434,279 | |
C Uyemura & Company Limited | | | | | | | 300 | | | | 10,100 | |
Castrol India Limited | | | | | | | 13,536 | | | | 144,887 | |
CF Industries Holdings Incorporated | | | | | | | 13,493 | | | | 2,793,186 | |
Cheil Industries Incorporated | | | | | | | 9,627 | | | | 878,171 | |
Chemtura Corporation † | | | | | | | 212,578 | | | | 3,513,914 | |
China Petrochemical Development Corporation | | | | | | | 390,010 | | | | 311,867 | |
China Steel Chemical Corporation | | | | | | | 25,000 | | | | 104,754 | |
Christian Hansen Holding AS | | | | | | | 8,826 | | | | 263,403 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 87 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Chemicals (continued) | | | | | | | | | | | | |
Chugoku Marine Paints Limited | | | | | | | 5,000 | | | $ | 23,756 | |
Ciech SA † | | | | | | | 645 | | | | 3,594 | |
Clariant AG | | | | | | | 25,999 | | | | 291,662 | |
Coromandel International Limited | | | | | | | 25,974 | | | | 139,618 | |
Croda International | | | | | | | 12,671 | | | | 474,019 | |
Cytec Industries Incorporated | | | | | | | 86,675 | | | | 5,934,637 | |
Daicel Chemical Industries Limited | | | | | | | 51,000 | | | | 312,664 | |
Dainichiseika Color & Chemicals Manufacturing Company Limited | | | | | | | 15,000 | | | | 63,414 | |
Dainippon Ink & Chemicals Incorporated | | | | | | | 139,000 | | | | 229,018 | |
Daiso Company Limited | | | | | | | 4,000 | | | | 10,729 | |
DC Chemical Company Limited | | | | | | | 3,889 | | | | 651,237 | |
Denki Kagaku Kogyo Kabushiki Kaisha | | | | | | | 92,000 | | | | 301,986 | |
Dow Chemical Company | | | | | | | 153,644 | | | | 4,503,306 | |
DuluxGroup Limited | | | | | | | 56,233 | | | | 190,559 | |
Earth Chemical Company Limited | | | | | | | 1,200 | | | | 44,432 | |
Eastman Chemical Company | | | | | | | 120,120 | | | | 6,637,831 | |
Ecolab Incorporated | | | | | | | 54,938 | | | | 3,517,680 | |
EI du Pont de Nemours & Company | | | | | | | 114,791 | | | | 5,710,852 | |
EMS-Chemie Holdings AG | | | | | | | 754 | | | | 144,529 | |
Eternal Chemical Company Limited | | | | | | | 140,817 | | | | 116,364 | |
Filtrona plc | | | | | | | 12,643 | | | | 107,402 | |
FMC Corporation | | | | | | | 108,526 | | | | 5,895,132 | |
Formosa Chemicals & Fibre Corporation | | | | | | | 931,170 | | | | 2,403,240 | |
Formosa Plastics Corporation | | | | | | | 1,090,298 | | | | 2,937,700 | |
Frutarom Industries Limited | | | | | | | 1,818 | | | | 16,711 | |
Fufeng Group Limited | | | | | | | 66,000 | | | | 21,870 | |
Fujimi Incorporated | | | | | | | 1,000 | | | | 15,901 | |
Givaudan SA | | | | | | | 717 | | | | 676,670 | |
Global Bio-Chem Technology Group Company Limited | | | | | | | 179,200 | | | | 17,791 | |
Grasim Industries Limited | | | | | | | 1,616 | | | | 86,859 | |
Grasim Industries Limited GDR | | | | | | | 2,371 | | | | 127,439 | |
Hanwha Chem Corporation | | | | | | | 19,613 | | | | 361,275 | |
Hitachi Chemical Company Limited | | | | | | | 19,400 | | | | 277,515 | |
Honam Petrochemical Corporation | | | | | | | 2,561 | | | | 528,169 | |
Huabao International Holdings Limited « | | | | | | | 294,000 | | | | 150,867 | |
Hyosung Corporation | | | | | | | 5,120 | | | | 273,909 | |
Incitec Pivot Limited | | | | | | | 285,304 | | | | 857,757 | |
Intrepid Potash Incorporated † | | | | | | | 96,000 | | | | 2,153,280 | |
Ishihara Sangyo Kaisha Limited † | | | | | | | 110,000 | | | | 82,892 | |
Israel Chemicals Limited | | | | | | | 51,146 | | | | 551,663 | |
Johnson Matthey plc | | | | | | | 17,706 | | | | 675,024 | |
JSR Corporation | | | | | | | 36,800 | | | | 625,123 | |
K&S AG | | | | | | | 16,172 | | | | 791,270 | |
Kaneka Corporation | | | | | | | 60,000 | | | | 296,571 | |
Kansai Paint Company Limited | | | | | | | 47,000 | | | | 473,632 | |
Kanto Denka Kogyo Company Limited | | | | | | | 6,000 | | | | 15,020 | |
Kemira Oyj | | | | | | | 9,572 | | | | 121,360 | |
Kolon Industries Incorporated | | | | | | | 2,265 | | | | 128,160 | |
Koninklijke DSM NV « | | | | | | | 17,719 | | | | 830,969 | |
Korea Kumho Petrochemical Company | | | | | | | 2,618 | | | | 259,579 | |
| | | | |
| 88 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | �� | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Chemicals (continued) | | | | | | | | | | | | |
KP Chemical Corporation | | | | | | | 5,520 | | | $ | 58,381 | |
Kuraray Company Limited | | | | | | | 60,600 | | | | 698,918 | |
Kureha Corporation | | | | | | | 14,000 | | | | 58,114 | |
La Seda De Barcelona SA † | | | | | | | 482 | | | | 489 | |
LANXESS AG | | | | | | | 8,492 | | | | 644,292 | |
Lee Chang Yung Chemical Industry Corporation | | | | | | | 59,719 | | | | 81,151 | |
LG Chem Limited | | | | | | | 9,235 | | | | 2,449,915 | |
Linde AG | | | | | | | 15,694 | | | | 2,472,424 | |
Lintec Corporation | | | | | | | 6,500 | | | | 122,537 | |
LyondellBasell Class A | | | | | | | 41,800 | | | | 2,041,512 | |
Methanex Corporation « | | | | | | | 12,000 | | | | 357,657 | |
Mexichem SAB de CV | | | | | | | 177,979 | | | | 801,214 | |
Minerals Technologies Incorporated | | | | | | | 34,842 | | | | 2,362,636 | |
Mitsubishi Chemical Holdings Corporation | | | | | | | 262,000 | | | | 1,013,934 | |
Mitsubishi Gas Chemical Company Incorporated | | | | | | | 79,000 | | | | 442,953 | |
Mitsui Chemicals Incorporated | | | | | | | 181,000 | | | | 367,571 | |
Monsanto Company | | | | | | | 110,108 | | | | 9,591,508 | |
Mosaic Company | | | | | | | 62,102 | | | | 3,596,327 | |
Nan Ya Plastics Corporation | | | | | | | 1,478,570 | | | | 2,779,323 | |
NewMarket Corporation « | | | | | | | 17,058 | | | | 4,198,315 | |
Nihon Nohyaku Company Limited | | | | | | | 2,000 | | | | 9,196 | |
Nihon Parkerizing Company Limited | | | | | | | 13,000 | | | | 186,129 | |
Nippon Carbon Company Limited | | | | | | | 11,000 | | | | 20,653 | |
Nippon Chemical Industrial Company Limited | | | | | | | 4,000 | | | | 5,211 | |
Nippon Kayaku Company Limited | | | | | | | 35,000 | | | | 361,198 | |
Nippon Paint Company Limited | | | | | | | 43,000 | | | | 367,967 | |
Nippon Shokubai Company Limited | | | | | | | 32,000 | | | | 356,804 | |
Nippon Soda Company Limited | | | | | | | 15,000 | | | | 64,372 | |
Nippon Synthetic Chemical Industry Company Limited | | | | | | | 7,000 | | | | 46,312 | |
Nissan Chemical Industries Limited | | | | | | | 33,000 | | | | 366,269 | |
Nitto Denko Corporation | | | | | | | 28,400 | | | | 1,311,271 | |
NOF Corporation | | | | | | | 39,000 | | | | 185,299 | |
Novozymes A/S B Shares | | | | | | | 20,790 | | | | 576,589 | |
Nufarm Limited | | | | | | | 39,767 | | | | 240,349 | |
Nuplex Industries Limited | | | | | | | 14,767 | | | | 34,998 | |
OCI Materials Company Limited | | | | | | | 682 | | | | 27,800 | |
Okamoto Industries Incorporated | | | | | | | 14,000 | | | | 57,219 | |
Olin Corporation | | | | | | | 154,800 | | | | 3,317,364 | |
OM Group Incorporated Ǡ | | | | | | | 64,100 | | | | 1,182,004 | |
Orica Limited | | | | | | | 63,876 | | | | 1,597,042 | |
Oriental Union Chemical Corporation | | | | | | | 186,626 | | | | 209,052 | |
Petkim Petrokimya Holding SA | | | | | | | 51,350 | | | | 56,453 | |
Petronas Chemicals Group Berhad | | | | | | | 386,200 | | | | 800,952 | |
Potash Corporation of Saskatchewan | | | | | | | 80,000 | | | | 3,275,476 | |
Praxair Incorporated | | | | | | | 62,102 | | | | 6,551,761 | |
PTT Global Chemical PCL | | | | | | | 185,323 | | | | 369,641 | |
Rockwood Holdings Incorporated | | | | | | | 52,800 | | | | 2,499,552 | |
RPM International Incorporated | | | | | | | 282,818 | | | | 7,752,041 | |
Sakai Chemical Industry Company Limited | | | | | | | 33,000 | | | | 92,726 | |
Samsung Fine Chemicals Company | | | | | | | 4,271 | | | | 234,512 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 89 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Chemicals (continued) | | | | | | | | | | | | |
Sanyo Chemical Industries Limited | | | | | | | 8,000 | | | $ | 44,754 | |
Scotts Miracle-Gro Company « | | | | | | | 74,692 | | | | 3,110,922 | |
Sensient Technologies Corporation | | | | | | | 109,299 | | | | 3,918,369 | |
Sherwin-Williams Company « | | | | | | | 68,800 | | | | 9,843,904 | |
Shikoku Chemicals Corporation | | | | | | | 4,000 | | | | 24,063 | |
Shin-Etsu Chemical Company Limited | | | | | | | 70,700 | | | | 3,779,034 | |
Shin-Etsu Polymer Company Limited | | | | | | | 3,100 | | | | 12,314 | |
Showa Denko KK | | | | | | | 267,000 | | | | 450,144 | |
Sidi Kerir Petrochemcials Company | | | | | | | 9,866 | | | | 21,550 | |
Sigma-Aldrich Corporation « | | | | | | | 81,644 | | | | 5,799,173 | |
Sika AG | | | | | | | 186 | | | | 359,453 | |
Sinochem Hong Kong Holding Limited | | | | | | | 212,000 | | | | 40,727 | |
SK Chemicals Company Limited | | | | | | | 3,812 | | | | 204,606 | |
SKC Company Limited | | | | | | | 2,740 | | | | 108,067 | |
Solvay SA | | | | | | | 6,042 | | | | 677,963 | |
ST Corporation | | | | | | | 700 | | | | 8,181 | |
Stella Chemifa Corporation | | | | | | | 600 | | | | 10,966 | |
Sumida Electric | | | | | | | 3,100 | | | | 85,206 | |
Sumitomo Bakelite Company Limited | | | | | | | 25,000 | | | | 99,623 | |
Sumitomo Chemical Company Limited | | | | | | | 269,000 | | | | 700,888 | |
Symrise AG | | | | | | | 9,598 | | | | 324,928 | |
Syngenta AG | | | | | | | 9,394 | | | | 3,167,412 | |
Synthos SA | | | | | | | 150,781 | | | | 248,398 | |
Taiwan Fertilizer Company Limited | | | | | | | 147,000 | | | | 362,702 | |
Taiyo Nippon Sanso Corporation | | | | | | | 48,000 | | | | 239,096 | |
Takasago International Corporation | | | | | | | 13,000 | | | | 63,095 | |
Tata Chemicals Limited | | | | | | | 33,523 | | | | 183,751 | |
Teijin Limited | | | | | | | 177,000 | | | | 388,837 | |
Tenma Corporation | | | | | | | 1,000 | | | | 10,984 | |
Tessenderlo Chemie NV | | | | | | | 948 | | | | 27,234 | |
Tessenderlo Chemie VVPR Strips † | | | | | | | 124 | | | | 19 | |
The Israel Corporation Limited | | | | | | | 200 | | | | 114,736 | |
Tikkurila Oyj | | | | | | | 1,325 | | | | 22,832 | |
Toagosei Company Limited | | | | | | | 34,000 | | | | 125,500 | |
Tokai Carbon Company Limited | | | | | | | 31,000 | | | | 97,401 | |
Tokuyama Corporation | | | | | | | 47,000 | | | | 99,048 | |
Tokyo Ohka Kokyo | | | | | | | 6,500 | | | | 145,533 | |
Toray Industries Incorporated | | | | | | | 286,000 | | | | 1,746,063 | |
Tosoh Corporation | | | | | | | 116,000 | | | | 244,460 | |
Toyo Ink Manufacturing Company Limited | | | | | | | 33,000 | | | | 118,858 | |
TSRC Corporation | | | | | | | 170,830 | | | | 359,330 | |
UBE Industries Limited Japan | | | | | | | 177,000 | | | | 386,576 | |
Umicore SA « | | | | | | | 12,219 | | | | 579,721 | |
United Phosphorus Limited | | | | | | | 60,189 | | | | 129,413 | |
Uralkali Sponsored GDR | | | | | | | 71,400 | | | | 2,727,994 | |
USI Corporation | | | | | | | 140,300 | | | | 117,576 | |
Victrex plc | | | | | | | 9,279 | | | | 197,726 | |
Wacker Chemie AG | | | | | | | 1,172 | | | | 75,329 | |
WR Grace & Company † | | | | | | | 47,135 | | | | 2,722,518 | |
Yara International ASA | | | | | | | 16,864 | | | | 825,253 | |
| | | | |
| 90 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Chemicals (continued) | | | | | | | | | | | | |
Yushiro Chemical Industry Company Limited | | | | | | | 600 | | | $ | 5,809 | |
Zaklady Azotowe Pulawy SA | | | | | | | 351 | | | | 12,264 | |
Zeon Corporation | | | | | | | 41,000 | | | | 330,430 | |
| | | | |
| | | | | | | | | | | 197,756,344 | |
| | | | | | | | | | | | |
| | | | |
| Construction Materials: 0.39% | | | | | | | | | | | | |
Adelaide Brighton Limited | | | | | | | 79,668 | | | | 240,342 | |
Ambuja Cements Limited | | | | | | | 182,447 | | | | 607,774 | |
Anhui Conch Cement Company Limited | | | | | | | 242,000 | | | | 604,068 | |
Asia Cement Corporation | | | | | | | 523,894 | | | | 601,715 | |
Associated Cement Companies Limited | | | | | | | 22,316 | | | | 524,953 | |
BBMG Corporation | | | | | | | 183,000 | | | | 111,367 | |
Boral Limited | | | | | | | 144,213 | | | | 514,028 | |
Brickworks Limited | | | | | | | 11,048 | | | | 114,827 | |
Buzzi Unicem SpA | | | | | | | 3,462 | | | | 35,859 | |
Cemex SAB de CV † | | | | | | | 2,198,417 | | | | 1,643,343 | |
China Resources Cement Holdings Limited | | | | | | | 334,000 | | | | 147,278 | |
China Shanshui Cement Group Limited | | | | | | | 360,000 | | | | 187,985 | |
Ciments Francais SA | | | | | | | 116 | | | | 6,712 | |
CRH plc | | | | | | | 69,670 | | | | 1,229,024 | |
Eagle Materials Incorporated | | | | | | | 81,500 | | | | 3,475,975 | |
Fletcher Building Limited-Australia Exchange | | | | | | | 8,168 | | | | 43,544 | |
Fletcher Building Limited-New Zeland Exchange | | | | | | | 112,429 | | | | 600,664 | |
Goldsun Development & Construction Company Limited | | | | | | | 424,675 | | | | 150,297 | |
Heidelbergcement AG | | | | | | | 12,244 | | | | 618,638 | |
Holcim Limited | | | | | | | 24,209 | | | | 1,484,694 | |
Imerys SA | | | | | | | 2,256 | | | | 111,489 | |
India Cements Limited | | | | | | | 26,354 | | | | 39,655 | |
Indocement Tunggal Prakarsa TBK PT | | | | | | | 381,500 | | | | 810,212 | |
Italcementi SpA | | | | | | | 3,427 | | | | 16,794 | |
Italcementi SpA RSP | | | | | | | 2,435 | | | | 5,819 | |
Italmobiliare SpA † | | | | | | | 261 | | | | 2,779 | |
James Hardie Industries NV | | | | | | | 86,571 | | | | 749,514 | |
Lafarge Malayan Cement Berhad | | | | | | | 55,470 | | | | 152,678 | |
Lafarge SA | | | | | | | 16,047 | | | | 765,273 | |
Martin Marietta Materials Incorporated « | | | | | | | 34,689 | | | | 2,649,546 | |
Nuh Cimento Sanayi AS | | | | | | | 7,805 | | | | 44,834 | |
Pretoria Portland Cement Company Limited | | | | | | | 145,890 | | | | 461,820 | |
RHI AG | | | | | | | 386 | | | | 9,419 | |
SA Des Ciments Vicat | | | | | | | 887 | | | | 43,611 | |
Semen Gresik Persero TBK PT | | | | | | | 663,500 | | | | 862,863 | |
Shree Cement Limited | | | | | | | 2,671 | | | | 162,541 | |
Siam Cement PCL | | | | | | | 23,700 | | | | 251,106 | |
Siam Cement PCL - Foreign Registration | | | | | | | 31,300 | | | | 366,590 | |
Siam City Cement PCL | | | | | | | 10,000 | | | | 109,143 | |
Suez Cement Company | | | | | | | 4,510 | | | | 15,881 | |
Sumitomo Osaka Cement Company Limited | | | | | | | 74,000 | | | | 240,066 | |
Taiheiyo Cement Corporation | | | | | | | 221,000 | | | | 477,029 | |
Taiwan Cement Corporation | | | | | | | 779,746 | | | | 847,409 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 91 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Construction Materials (continued) | | | | | | | | | | | | |
TCC International Holdings Limited | | | | | | | 121,000 | | | $ | 28,082 | |
Texas Industries Incorporated Ǡ | | | | | | | 42,512 | | | | 1,656,268 | |
Titan Cement Company SA † | | | | | | | 2,650 | | | | 44,165 | |
Ultra Tech Cement Limited | | | | | | | 18,092 | | | | 550,940 | |
Vulcan Materials Company « | | | | | | | 91,500 | | | | 3,561,180 | |
| | | | |
| | | | | | | | | | | 27,979,793 | |
| | | | | | | | | | | | |
| | | | |
| Containers & Packaging: 0.43% | | | | | | | | | | | | |
Amcor Limited | | | | | | | 208,645 | | | | 1,623,178 | |
AMVIG Holdings Limited | | | | | | | 144,000 | | | | 44,559 | |
AptarGroup Incorporated | | | | | | | 115,682 | | | | 5,859,293 | |
Ball Corporation | | | | | | | 104,500 | | | | 4,406,765 | |
Bemis Company Incorporated | | | | | | | 68,114 | | | | 2,061,130 | |
Cascades Incorporated | | | | | | | 2,512 | | | | 12,742 | |
CCL Industries Incorporated | | | | | | | 1,924 | | | | 70,597 | |
Crown Holdings Incorporated † | | | | | | | 115,193 | | | | 4,175,746 | |
DS Smith plc | | | | | | | 99,241 | | | | 254,492 | |
FP Corporation | | | | | | | 3,300 | | | | 244,882 | |
Fuji Seal International Incorporated | | | | | | | 2,400 | | | | 46,654 | |
Greif Incorporated Class A « | | | | | | | 44,280 | | | | 1,970,460 | |
Huhtamaki Oyj | | | | | | | 10,786 | | | | 154,795 | |
Mayr-Melnhof Karton AG | | | | | | | 610 | | | | 56,470 | |
Nihon Yamamura Glass Company Limited | | | | | | | 9,000 | | | | 20,691 | |
Owens-Illinois Incorporated † | | | | | | | 109,811 | | | | 1,919,496 | |
Packaging Corporation of America | | | | | | | 68,201 | | | | 2,183,796 | |
Qualipak International Holdings Limited † | | | | | | | 7,681 | | | | 634 | |
Rengo Company Limited | | | | | | | 50,000 | | | | 236,286 | |
Rexam plc | | | | | | | 75,730 | | | | 509,611 | |
Sealed Air Corporation | | | | | | | 129,100 | | | | 1,842,257 | |
Silgan Holdings Incorporated | | | | | | | 31,100 | | | | 1,304,023 | |
Smurfit Kappa Group plc - Ireland Exchange | | | | | | | 6,101 | | | | 49,734 | |
Smurfit Kappa Group plc - London Exchange | | | | | | | 4,061 | | | | 33,559 | |
Sonoco Products Company | | | | | | | 66,739 | | | | 2,041,546 | |
Toyo Seikan Kaisha Limited | | | | | | | 32,700 | | | | 352,080 | |
| | | | |
| | | | | | | | | | | 31,475,476 | |
| | | | | | | | | | | | |
| | | | |
| Metals & Mining: 2.68% | | | | | | | | | | | | |
Aber Diamond Corporation † | | | | | | | 10,250 | | | | 128,937 | |
Acerinox SA | | | | | | | 7,510 | | | | 80,424 | |
African Minerals Limited †(a) | | | | | | | 11,252 | | | | 44,445 | |
African Rainbow Minerals Limited | | | | | | | 22,497 | | | | 393,557 | |
Agnico Eagle Mines Limited | | | | | | | 14,822 | | | | 715,877 | |
Aichi Steel Corporation | | | | | | | 18,000 | | | | 70,579 | |
AK Steel Holding Corporation « | | | | | | | 217,700 | | | | 1,136,394 | |
Alacer Gold Corporation † | | | | | | | 17,005 | | | | 102,125 | |
Alamos Gold Incorporated | | | | | | | 9,312 | | | | 175,046 | |
Alkane Resources Limited † | | | | | | | 26,657 | | | | 27,265 | |
Allegheny Technologies Incorporated | | | | | | | 81,339 | | | | 2,410,888 | |
Allied Nevada Gold Corporation Ǡ | | | | | | | 153,500 | | | | 5,001,030 | |
| | | | |
| 92 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Metals & Mining (continued) | | | | | | | | | | | | |
Alumina Limited | | | | | | | 369,445 | | | $ | 282,452 | |
Aluminum Corporation of China Limited †« | | | | | | | 584,000 | | | | 223,632 | |
Aneka Tambang TBK PT | | | | | | | 392,674 | | | | 51,066 | |
Anglo American plc | | | | | | | 129,150 | | | | 3,588,742 | |
Anglo Platinum Limited « | | | | | | | 11,072 | | | | 552,006 | |
Anglogold Ashanti Limited | | | | | | | 81,922 | | | | 2,562,951 | |
Antofagasta plc | | | | | | | 33,519 | | | | 589,181 | |
APERAM | | | | | | | 2,997 | | | | 39,110 | |
Aquarius Platinum Limited | | | | | | | 50,501 | | | | 29,218 | |
ArcelorMittal | | | | | | | 97,284 | | | | 1,450,623 | |
Arrium Limited Npv | | | | | | | 195,020 | | | | 129,958 | |
Assore Limited « | | | | | | | 7,325 | | | | 266,744 | |
Atlas Iron Limited | | | | | | | 154,694 | | | | 215,760 | |
AuRico Gold Incorporated NPV † | | | | | | | 30,195 | | | | 209,826 | |
Aurizon Mines Limited † | | | | | | | 6,389 | | | | 25,990 | |
Ausdrill Limited | | | | | | | 35,375 | | | | 102,333 | |
Barrick Gold Corporation « | | | | | | | 93,600 | | | | 3,609,167 | |
Beadell Resources Limited † | | | | | | | 66,580 | | | | 53,654 | |
BHP Billiton Limited | | | | | | | 570,695 | | | | 18,743,808 | |
BHP Billiton plc | | | | | | | 197,925 | | | | 5,770,097 | |
Bhushan Steel Limited | | | | | | | 8,325 | | | | 69,152 | |
BlueScope Steel Limited † | | | | | | | 682,088 | | | | 236,074 | |
Boliden AB | | | | | | | 25,134 | | | | 369,294 | |
Borneo Lumbung Energi & Metal TBK PT † | | | | | | | 3,508,500 | | | | 187,660 | |
Bradespar SA | | | | | | | 4,300 | | | | 58,487 | |
CAP SA | | | | | | | 21,572 | | | | 726,747 | |
Carpenter Technology Corporation | | | | | | | 84,200 | | | | 3,979,292 | |
Centamin plc † | | | | | | | 66,898 | | | | 84,448 | |
Centerra Gold Incorporated | | | | | | | 13,776 | | | | 104,814 | |
CGA Mining Limited † | | | | | | | 44,347 | | | | 94,383 | |
China Daye Non-Ferrous Metal Mining Limited † | | | | | | | 660,000 | | | | 27,231 | |
China Metal Recycling Holdings Limited | | | | | | | 68,664 | | | | 54,801 | |
China Mining Resources Group Limited †(a) | | | | | | | 156,000 | | | | 0 | |
China Rare Earth Holdings Limited | | | | | | | 278,043 | | | | 59,868 | |
China Steel Corporation | | | | | | | 2,407,999 | | | | 2,062,207 | |
China Zhongwang Holdings Limited † | | | | | | | 294,000 | | | | 119,026 | |
Chubu Steel Plate Company Limited | | | | | | | 2,600 | | | | 9,630 | |
Chung Hung Steel Corporation † | | | | | | | 110,954 | | | | 27,265 | |
Cia de Minas Buenaventura SA | | | | | | | 21,516 | | | | 733,266 | |
Cia Minera Milpo SA | | | | | | | 72,475 | | | | 99,908 | |
Cia Siderurgica Nacional SA | | | | | | | 168,978 | | | | 832,445 | |
Cia Vale do Rio Doce | | | | | | | 276,946 | | | | 4,608,718 | |
Cliffs Natural Resources Incorporated « | | | | | | | 96,016 | | | | 3,441,213 | |
Coal of Africa Limited † | | | | | | | 38,864 | | | | 11,243 | |
Coeur D’alene Mines Corporation † | | | | | | | 196,794 | | | | 4,524,294 | |
Commercial Metals Company | | | | | | | 245,734 | | | | 3,130,651 | |
Compania de Minas Buenaventura SA ADR | | | | | | | 5,559 | | | | 192,675 | |
Compass Minerals International Incorporated « | | | | | | | 60,109 | | | | 4,317,028 | |
Cudeco Limited †« | | | | | | | 66,892 | | | | 287,495 | |
Daido Steel Company Limited | | | | | | | 69,000 | | | | 354,276 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 93 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Metals & Mining (continued) | | | | | | | | | | | | |
Delong Holdings Limited † | | | | | | | 7,000 | | | $ | 1,825 | |
Detour Gold Corporation † | | | | | | | 15,148 | | | | 381,101 | |
Dongkuk Steel Mill Company Limited | | | | | | | 4,963 | | | | 68,893 | |
Dowa Mining Company Limited | | | | | | | 56,000 | | | | 367,635 | |
Eastern Platinum Limited † | | | | | | | 32,617 | | | | 5,956 | |
El Ezz Aldekhela Steel Alexandria | | | | | | | 164 | | | | 14,527 | |
El Ezz Steel Company | | | | | | | 15,612 | | | | 24,840 | |
Eldorado Gold Corporation | | | | | | | 67,207 | | | | 892,457 | |
Energy Fuels Incorporated † | | | | | | | 56,699 | | | | 11,504 | |
Eramet | | | | | | | 461 | | | | 51,026 | |
Eregli Demir Ve Celik Fabrikalari Tas | | | | | | | 351,583 | | | | 392,323 | |
Eurasian Natural Resources Corporation | | | | | | | 36,367 | | | | 174,333 | |
Evraz plc | | | | | | | 86,850 | | | | 310,286 | |
Exxaro Resources Limited | | | | | | | 26,732 | | | | 476,010 | |
Feng Hsin Iron & Steel Company | | | | | | | 115,690 | | | | 178,840 | |
First Quantum Minerals Limited | | | | | | | 43,520 | | | | 838,392 | |
Fortescue Metals Group Limited « | | | | | | | 294,544 | | | | 1,077,250 | |
Fosun International | | | | | | | 168,000 | | | | 79,278 | |
Franco-Nevada Corporation | | | | | | | 13,507 | | | | 700,733 | |
Freeport-McMoRan Copper & Gold Incorporated | | | | | | | 115,800 | | | | 4,181,538 | |
Fresnillo plc | | | | | | | 15,690 | | | | 388,898 | |
Fushan International Energy Group Limited | | | | | | | 438,000 | | | | 115,204 | |
Gabriel Resources Limited † | | | | | | | 32,774 | | | | 76,802 | |
Gerdau SA | | | | | | | 32,565 | | | | 237,431 | |
Gindalbie Metals Limited † | | | | | | | 94,123 | | | | 32,090 | |
Glencore International plc « | | | | | | | 117,456 | | | | 718,128 | |
Godo Steel Limited | | | | | | | 7,000 | | | | 11,444 | |
Gold Fields Limited | | | | | | | 153,032 | | | | 1,839,917 | |
Goldcorp Incorporated | | | | | | | 79,980 | | | | 3,283,582 | |
Golden Star Resources Limited † | | | | | | | 13,559 | | | | 19,945 | |
Grupo Mexico SAB de CV | | | | | | | 749,556 | | | | 2,236,100 | |
Harmony Gold Mining Company Limited | | | | | | | 76,921 | | | | 624,668 | |
Hecla Mining Company « | | | | | | | 606,477 | | | | 3,281,041 | |
Hidili Industry International Development Limited | | | | | | | 88,000 | | | | 18,835 | |
Hindalco Industries Limited | | | | | | | 238,424 | | | | 445,130 | |
Hindalco Industries Limited GDR 144A | | | | | | | 47,917 | | | | 89,461 | |
Hindustan Zinc Limited | | | | | | | 43,032 | | | | 95,425 | |
Hitachi Metals Limited | | | | | | | 29,000 | | | | 300,390 | |
Hudbay Minerals Incorporated | | | | | | | 14,987 | | | | 128,167 | |
Hyundai Hysco | | | | | | | 8,120 | | | | 340,652 | |
Hyundai Steel Company | | | | | | | 11,338 | | | | 835,392 | |
Iamgold Corporation | | | | | | | 35,249 | | | | 460,928 | |
Iluka Resources Limited | | | | | | | 68,045 | | | | 646,766 | |
Impala Platinum Holdings Limited | | | | | | | 130,080 | | | | 2,058,865 | |
Independence Group NL | | | | | | | 26,428 | | | | 95,564 | |
Indophil Resources NL † | | | | | | | 152,574 | | | | 53,595 | |
Industrias Penoles SAB de CV | | | | | | | 19,338 | | | | 791,297 | |
Inmet Mining Corporation | | | | | | | 3,952 | | | | 176,442 | |
International Nickel Indonesia TBK PT | | | | | | | 380,928 | | | | 91,886 | |
Intrepid Mines Limited † | | | | | | | 100,257 | | | | 28,485 | |
| | | | |
| 94 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Metals & Mining (continued) | | | | | | | | | | | | |
JFE Holdings Incorporated | | | | | | | 101,600 | | | $ | 1,282,084 | |
Jiangxi Copper Company Limited | | | | | | | 275,000 | | | | 597,090 | |
Jindal Steel & Power Limited | | | | | | | 77,705 | | | | 491,934 | |
JSC MMC Norilsk Nickel ADR | | | | | | | 242,772 | | | | 3,554,182 | |
JSW Steel Limited | | | | | | | 25,023 | | | | 312,062 | |
Kaiser Aluminum Corporation « | | | | | | | 28,900 | | | | 1,614,065 | |
Kazakhmys plc | | | | | | | 16,983 | | | | 159,911 | |
KGHM Polska Miedz SA « | | | | | | | 26,457 | | | | 1,036,950 | |
Kingsgate Consolidated Limited | | | | | | | 17,978 | | | | 79,497 | |
Kinross Gold Corporation | | | | | | | 113,307 | | | | 1,006,918 | |
Kobe Steel Limited | | | | | | | 527,000 | | | | 403,857 | |
Korea Zinc Company Limited | | | | | | | 2,545 | | | | 917,400 | |
Koza Altin Isletmeleri AS | | | | | | | 13,742 | | | | 270,429 | |
Kumba Iron Ore Limited « | | | | | | | 14,015 | | | | 800,571 | |
Kyoei Steel Limited | | | | | | | 2,500 | | | | 46,172 | |
Labrador Iron Ore Royalty Corporation | | | | | | | 9,309 | | | | 273,486 | |
Lake Shore Gold Corporation †« | | | | | | | 38,384 | | | | 38,939 | |
Lonmin plc « | | | | | | | 21,184 | | | | 192,740 | |
Lundin Mining Corporation † | | | | | | | 32,955 | | | | 149,438 | |
Lynas Corporation Limited †« | | | | | | | 320,009 | | | | 211,595 | |
Major Drilling Group International | | | | | | | 4,509 | | | | 42,723 | |
Maruichi Steel Tube Limited | | | | | | | 12,400 | | | | 238,038 | |
Mechel - Sponsored ADR | | | | | | | 11,200 | | | | 64,176 | |
Medusa Mining Limited | | | | | | | 21,450 | | | | 110,140 | |
Mercator Minerals Limited † | | | | | | | 33,385 | | | | 14,732 | |
Midas Holdings Limited | | | | | | | 65,000 | | | | 18,251 | |
Mincor Resources NL | | | | | | | 16,028 | | | | 9,604 | |
Minera Frisco SAB de CV † | | | | | | | 130,377 | | | | 498,647 | |
Mineral Deposit Limited † | | | | | | | 6,406 | | | | 33,092 | |
Minmetals Resources Limited † | | | | | | | 288,000 | | | | 107,314 | |
Mirabela Nickel Limited † | | | | | | | 50,990 | | | | 14,750 | |
Mitsubishi Materials Corporation | | | | | | | 234,000 | | | | 654,525 | |
Mitsubishi Steel Manufacturing Company Limited | | | | | | | 10,000 | | | | 19,541 | |
Mitsui Mining & Smelting Company Limited | | | | | | | 112,000 | | | | 224,587 | |
Mitsui Mining Company Limited | | | | | | | 5,500 | | | | 6,673 | |
Mittal Steel South Africa Limited | | | | | | | 48,291 | | | | 233,323 | |
Molycorp Incorporated Ǡ | | | | | | | 41,300 | | | | 475,363 | |
Mongolian Mining Corporation † | | | | | | | 163,500 | | | | 75,679 | |
Mount Gibson Iron Limited | | | | | | | 107,942 | | | | 81,410 | |
Murchison Metals Limited | | | | | | | 36,942 | | | | 1,489 | |
Mytilineos Holdings SA † | | | | | | | 1,209 | | | | 3,452 | |
Nakayama Steel Works Limited † | | | | | | | 14,000 | | | | 6,437 | |
Nakornthai Strip Mill plc † | | | | | | | 5,418,300 | | | | 24,208 | |
National Aluminium Company Limited | | | | | | | 36,556 | | | | 32,728 | |
Neturen Company Limited | | | | | | | 900 | | | | 5,690 | |
Nevsun Resources Limited | | | | | | | 18,400 | | | | 73,917 | |
New Gold Incorporated † | | | | | | | 45,386 | | | | 502,780 | |
Newcrest Mining Limited | | | | | | | 137,688 | | | | 3,506,519 | |
Newmont Mining Corporation | | | | | | | 102,964 | | | | 5,218,216 | |
Newmont Mining Corporation - Canada Exchange | | | | | | | 4,136 | | | | 218,181 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 95 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Metals & Mining (continued) | | | | | | | | | | | | |
Nippon Denko Company Limited | | | | | | | 10,000 | | | $ | 27,205 | |
Nippon Light Metal Company Limited | | | | | | | 79,000 | | | | 78,702 | |
Nippon Metal Industry Company Limited † | | | | | | | 19,000 | | | | 9,950 | |
Nippon Steel Corporation | | | | | | | 1,088,000 | | | | 2,098,320 | |
Nippon Yakin Kogyo Company Limited † | | | | | | | 12,500 | | | | 11,335 | |
Nisshin Steel Company Limited | | | | | | | 107,000 | | | | 101,130 | |
Nittetsu Mining Company Limited | | | | | | | 3,000 | | | | 11,342 | |
NMDC Limited | | | | | | | 71,719 | | | | 245,102 | |
Norddeutsche Affinerie AG | | | | | | | 3,804 | | | | 206,028 | |
Norsk Hydro ASA | | | | | | | 97,893 | | | | 419,420 | |
Northam Platinum Limited | | | | | | | 51,691 | | | | 166,090 | |
Northern Dynasty Minerals † | | | | | | | 2,200 | | | | 6,294 | |
NovaCopper Incorporated † | | | | | | | 2,136 | | | | 5,352 | |
NovaGold Resources Incorporated | | | | | | | 12,820 | | | | 59,825 | |
Novolipet Steel GDR Register Shares | | | | | | | 5,068 | | | | 91,629 | |
Nucor Corporation « | | | | | | | 34,500 | | | | 1,298,925 | |
Nyrstar | | | | | | | 7,466 | | | | 35,967 | |
Nyrstar VVPR Strip † | | | | | | | 3,073 | | | | 8 | |
Om Holdings Limited † | | | | | | | 28,126 | | | | 10,170 | |
Osisko Mining Corporation † | | | | | | | 30,759 | | | | 298,619 | |
Outokumpu Oyj † | | | | | | | 41,744 | | | | 37,331 | |
OZ Minerals Limited | | | | | | | 56,980 | | | | 367,342 | |
Pacific Metals Company Limited | | | | | | | 21,000 | | | | 67,322 | |
Pan American Silver Corporation | | | | | | | 16,145 | | | | 283,510 | |
Pan Australian Resources Limited † | | | | | | | 77,441 | | | | 212,022 | |
Perseus Mining Limited † | | | | | | | 78,037 | | | | 197,529 | |
Petropavlovsk plc | | | | | | | 8,669 | | | | 47,889 | |
Philex Mining Corporation | | | | | | | 467,724 | | | | 209,878 | |
Pilot Gold Incorporated † | | | | | | | 4,936 | | | | 5,258 | |
Polymetal International plc | | | | | | | 38,178 | | | | 586,811 | |
POSCO | | | | | | | 14,239 | | | | 4,630,773 | |
Randgold Resources Limited | | | | | | | 8,613 | | | | 864,333 | |
Rautaruukki Oyj | | | | | | | 4,052 | | | | 25,967 | |
Real Gold Mining Limited (a)(i) | | | | | | | 41,000 | | | | 7,401 | |
Regis Resources Limited † | | | | | | | 88,984 | | | | 435,766 | |
Reliance Steel & Aluminum Company | | | | | | | 49,400 | | | | 2,540,642 | |
Resolute Mining Limited † | | | | | | | 139,174 | | | | 212,087 | |
Rio Tinto Limited | | | | | | | 76,512 | | | | 3,892,341 | |
Rio Tinto plc | | | | | | | 124,481 | | | | 5,406,915 | |
Royal Gold Incorporated | | | | | | | 46,185 | | | | 4,065,204 | |
RTI International Metals Incorporated Ǡ | | | | | | | 58,732 | | | | 1,273,897 | |
Sally Malay Mining Limited | | | | | | | 21,272 | | | | 11,758 | |
Salzgitter AG | | | | | | | 2,771 | | | | 101,982 | |
Sandfire Resources NL † | | | | | | | 24,651 | | | | 183,371 | |
Sanyo Special Steel Company Limited | | | | | | | 18,000 | | | | 59,774 | |
Schnitzer Steel Industries Incorporated « | | | | | | | 48,509 | | | | 1,339,819 | |
Seabridge Gold Incorporated † | | | | | | | 2,100 | | | | 35,215 | |
Semafo Incorporated | | | | | | | 21,405 | | | | 80,778 | |
Sesa Goa Limited | | | | | | | 67,555 | | | | 208,221 | |
Severstal GDR Register Shares | | | | | | | 12,900 | | | | 146,286 | |
| | | | |
| 96 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Metals & Mining (continued) | | | | | | | | | | | | |
Sherritt International Corporation | | | | | | | 27,940 | | | $ | 124,430 | |
Shree Precoated Steels Limited † | | | | | | | 3,781 | | | | 180 | |
Silver Standard Resources Incorporated † | | | | | | | 5,023 | | | | 74,600 | |
Silver Wheaton Corporation | | | | | | | 32,641 | | | | 1,128,486 | |
Silvercorp Metals Incorporated | | | | | | | 13,691 | | | | 80,556 | |
Sims Group Limited | | | | | | | 28,188 | | | | 265,596 | |
Sociedad Minera Cerro Verde SA † | | | | | | | 3,244 | | | | 120,028 | |
Sociedad Minera El Brocal SA | | | | | | | 3,920 | | | | 57,866 | |
Southern Copper Corporation « | | | | | | | 19,708 | | | | 641,298 | |
SSAB Svenskt Stal AB Class A | | | | | | | 20,546 | | | | 155,285 | |
SSAB Svenskt Stal AB Class B | | | | | | | 4,150 | | | | 27,041 | |
St Barbara Limited † | | | | | | | 67,401 | | | | 103,060 | |
Steel Authority of India Limited | | | | | | | 105,948 | | | | 148,946 | |
Steel Dynamics Incorporated | | | | | | | 145,300 | | | | 1,775,566 | |
Sterlite Industries India Limited | | | | | | | 169,323 | | | | 292,681 | |
Stillwater Mining Company Ǡ | | | | | | | 258,000 | | | | 2,716,740 | |
Straits Resources Limited † | | | | | | | 76,749 | | | | 10,308 | |
Sumitomo Light Metal Industries Limited | | | | | | | 128,000 | | | | 112,804 | |
Sumitomo Metal Industries Limited | | | | | | | 661,000 | | | | 937,110 | |
Sumitomo Metal Mining Company Limited | | | | | | | 94,000 | | | | 970,075 | |
Sumitomo Titanium Corporation « | | | | | | | 3,700 | | | | 85,016 | |
Sundance Resources Limited Australia † | | | | | | | 558,512 | | | | 184,648 | |
Talvivaara Mining Company plc † | | | | | | | 21,825 | | | | 44,746 | |
Taseko Mines Limited † | | | | | | | 8,732 | | | | 26,220 | |
Tata Steel Limited | | | | | | | 48,920 | | | | 317,837 | |
Teck Cominco Incorporated Limited | | | | | | | 49,708 | | | | 1,373,620 | |
Teranga Gold Corporation † | | | | | | | 13,496 | | | | 27,329 | |
Thompson Creek Metals Company Incorporated † | | | | | | | 6,878 | | | | 19,397 | |
Thyssenkrupp AG | | | | | | | 36,326 | | | | 723,743 | |
Titanium Metals Corporation « | | | | | | | 53,200 | | | | 651,168 | |
Toho Titanium Company Limited « | | | | | | | 4,800 | | | | 47,145 | |
Toho Zinc Company Limited | | | | | | | 18,000 | | | | 60,923 | |
Tokyo Rope Manufacturing Company Limited | | | | | | | 29,000 | | | | 37,410 | |
Tokyo Steel Manufacturing Company Limited | | | | | | | 16,100 | | | | 52,436 | |
Ton Yi Industrial Corporation | | | | | | | 243,350 | | | | 136,905 | |
Topy Industries Limited | | | | | | | 18,000 | | | | 43,911 | |
Trans Hex Group Limited † | | | | | | | 3,465 | | | | 1,291 | |
Tung Ho Steel Enterprise Corporation | | | | | | | 217,962 | | | | 200,853 | |
Turquoise Hill Resources Limited † | | | | | | | 28,864 | | | | 231,908 | |
Tycoons Worldwide Groups Thailand PCL † | | | | | | | 54,500 | | | | 10,957 | |
United Company Rusal plc † | | | | | | | 365,000 | | | | 197,655 | |
United States Steel Corporation « | | | | | | | 114,007 | | | | 2,217,436 | |
Usinas Siderurgicas de Minas Gerais SA | | | | | | | 68,888 | | | | 321,719 | |
Vedanta Resources plc | | | | | | | 6,812 | | | | 93,833 | |
Viohalco SA † | | | | | | | 1,430 | | | | 3,741 | |
Voestalpine AG | | | | | | | 9,874 | | | | 282,730 | |
Volcan Cia Minera S.A.A. | | | | | | | 352,227 | | | | 374,954 | |
Western Areas NL « | | | | | | | 21,053 | | | | 86,569 | |
Worthington Industries « | | | | | | | 117,819 | | | | 2,462,417 | |
Xingda International Holdings Limited | | | | | | | 186,000 | | | | 55,637 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 97 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Metals & Mining (continued) | | | | | | | | | | | | |
Xstrata plc | | | | | | | 193,923 | | | $ | 2,932,022 | |
Yamana Gold Incorporated | | | | | | | 67,881 | | | | 1,161,018 | |
Yamato Kogyo Company Limited | | | | | | | 10,800 | | | | 323,055 | |
Yieh Phui Enterprise | | | | | | | 455,616 | | | | 140,407 | |
Yodogawa Steel Works Limited | | | | | | | 16,000 | | | | 55,176 | |
Young Poong Corporation | | | | | | | 239 | | | | 195,476 | |
Zhidao International Holding † | | | | | | | 102,000 | | | | 2,301 | |
Zijin Mining Group Company Limited Class H « | | | | | | | 1,339,000 | | | | 419,519 | |
ZPH Stalprodukt SA | | | | | | | 474 | | | | 25,028 | |
| | | | |
| | | | | | | | | | | 193,382,905 | |
| | | | | | | | | | | | |
| | | | |
| Paper & Forest Products: 0.32% | | | | | | | | | | | | |
Ahlstrom Oyj | | | | | | | 1,791 | | | | 29,285 | |
Canfor Corporation † | | | | | | | 5,308 | | | | 70,271 | |
China Grand Forestry Green Resources Group Limited † | | | | | | | 181,900 | | | | 11,257 | |
Chuetsu Pulp & Paper Company Limited | | | | | | | 4,000 | | | | 6,846 | |
Compania Manufacturera De Papeles y Cartones SA | | | | | | | 259,881 | | | | 954,526 | |
Daiken Corporation | | | | | | | 5,000 | | | | 12,517 | |
Daio Paper Corporation | | | | | | | 17,000 | | | | 104,004 | |
Domtar Corporation « | | | | | | | 25,700 | | | | 1,861,708 | |
Fibria Celulose SA † | | | | | | | 43,215 | | | | 336,157 | |
Gunns Limited †(a) | | | | | | | 59,667 | | | | 0 | |
Hokuetsu Paper Mills Limited | | | | | | | 23,500 | | | | 110,454 | |
Holmen AB Class B | | | | | | | 6,246 | | | | 161,286 | |
International Paper Company | | | | | | | 49,100 | | | | 1,696,896 | |
Lee & Man Paper Manufacturing Limited | | | | | | | 168,000 | | | | 68,881 | |
Louisiana-Pacific Corporation Ǡ | | | | | | | 301,795 | | | | 4,050,089 | |
MeadWestvaco Corporation | | | | | | | 116,000 | | | | 3,336,160 | |
Mitsubishi Paper Mills Limited † | | | | | | | 15,000 | | | | 12,644 | |
Mondi plc | | | | | | | 46,633 | | | | 410,587 | |
Nine Dragons Paper Holdings Limited | | | | | | | 352,000 | | | | 158,392 | |
Nippon Paper Group Incorporated « | | | | | | | 17,300 | | | | 204,387 | |
OJI Paper Company Limited | | | | | | | 174,000 | | | | 544,479 | |
Paperlinx Limited † | | | | | | | 60,182 | | | | 4,166 | |
Rayonier Incorporated | | | | | | | 83,969 | | | | 4,113,641 | |
Resolute Forest Products Incorporated Ǡ | | | | | | | 155,203 | | | | 1,950,902 | |
Sappi Limited † | | | | | | | 97,580 | | | | 272,894 | |
Shihlin Paper Corporation † | | | | | | | 26,000 | | | | 39,932 | |
Sino-Forest Corporation †(a)« | | | | | | | 14,102 | | | | 0 | |
Stora Enso Oyj « | | | | | | | 69,844 | | | | 421,679 | |
Svenska Cellulosa AB Class A | | | | | | | 7,500 | | | | 134,887 | |
Svenska Cellulosa AB Class B | | | | | | | 56,712 | | | | 1,013,968 | |
Tokushu Tokai Holdings Company Limited | | | | | | | 7,000 | | | | 18,149 | |
UPM-Kymmene Oyj | | | | | | | 55,974 | | | | 619,908 | |
West Fraser Timber Company Limited | | | | | | | 2,275 | | | | 128,295 | |
Yuen Foong Yu Paper Manufacturing Company Limited | | | | | | | 433,565 | | | | 169,367 | |
| | | | |
| | | | | | | | | | | 23,028,614 | |
| | | | | | | | | | | | |
| | | | |
| 98 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
Telecommunication Services: 2.87% | | | | | | | | | | | | |
| | | | |
| Diversified Telecommunication Services: 1.59% | | | | | | | | | | | | |
AT&T Incorporated | | | | | | | 734,498 | | | $ | 26,912,007 | |
BCE Incorporated « | | | | | | | 24,500 | | | | 1,089,110 | |
Belgacom SA | | | | | | | 15,466 | | | | 458,316 | |
Bell Aliant Incorporated « | | | | | | | 11,577 | | | | 308,759 | |
Bezeq Israeli Telecommunication Corporation Limited | | | | | | | 139,782 | | | | 158,778 | |
BT Group plc | | | | | | | 718,466 | | | | 2,482,418 | |
Cable & Wireless Communication plc | | | | | | | 158,839 | | | | 85,626 | |
CenturyTel Incorporated | | | | | | | 76,171 | | | | 3,218,986 | |
China Telecom Corporation Limited | | | | | | | 3,270,000 | | | | 1,796,066 | |
China Unicom Limited | | | | | | | 999,688 | | | | 1,582,807 | |
Chorus Limited † | | | | | | | 54,612 | | | | 147,860 | |
Chunghwa Telecom Company Limited | | | | | | | 783,602 | | | | 2,367,733 | |
Cincinnati Bell Incorporated Ǡ | | | | | | | 403,258 | | | | 1,891,280 | |
Citic 1616 Holdings Limited | | | | | | | 350 | | | | 67 | |
Colt Telecom Group SA † | | | | | | | 59,571 | | | | 110,954 | |
Comtech Telecommunications Corporation « | | | | | | | 39,710 | | | | 1,116,645 | |
Deutsche Telekom AG | | | | | | | 296,234 | | | | 3,534,140 | |
Elisa Oyj | | | | | | | 17,138 | | | | 362,359 | |
France Telecom SA | | | | | | | 171,450 | | | | 2,371,070 | |
France Telecom SA ADR « | | | | | | | 11,264 | | | | 156,570 | |
Frontier Communications Corporation « | | | | | | | 664,141 | | | | 3,068,331 | |
Hellenic Telecommunications Organization SA † | | | | | | | 12,060 | | | | 39,136 | |
HKT Trust And HKT Limited | | | | | | | 360,478 | | | | 308,611 | |
Hutchison Telecommunications Hong Kong Holdings Limited | | | | | | | 196,000 | | | | 96,030 | |
Inmarsat plc | | | | | | | 58,088 | | | | 528,046 | |
KT Corporation | | | | | | | 25,561 | | | | 774,968 | |
Level 3 Communications Incorporated † | | | | | | | 130,050 | | | | 2,802,578 | |
LG Telecom Limited | | | | | | | 51,939 | | | | 347,900 | |
Magyar Telekom plc | | | | | | | 48,339 | | | | 91,605 | |
Mahanagar Telephone Nigam Limited † | | | | | | | 8,074 | | | | 5,385 | |
Manitoba Telecom Services Incorporated | | | | | | | 5,945 | | | | 205,293 | |
Netia SA † | | | | | | | 62,583 | | | | 113,485 | |
Nippon Telegraph & Telephone Corporation | | | | | | | 75,400 | | | | 3,481,333 | |
Oi SA NPV | | | | | | | 37,907 | | | | 170,870 | |
PCCW Limited | | | | | | | 793,000 | | | | 304,687 | |
Portugal Telecom SGPS SA | | | | | | | 69,503 | | | | 339,193 | |
Rostelecom - Sponsored ADR Ǡ | | | | | | | 15,100 | | | | 346,017 | |
Royal KPN NV | | | | | | | 146,658 | | | | 1,258,061 | |
Shin Satellite PCL † | | | | | | | 188,600 | | | | 112,552 | |
Singapore Telecommunications Limited | | | | | | | 1,269,100 | | | | 3,451,463 | |
SK Broadband Company Limited † | | | | | | | 33,822 | | | | 94,494 | |
Swisscom AG | | | | | | | 2,473 | | | | 993,137 | |
TalkTalk Telecom Group plc | | | | | | | 57,843 | | | | 178,181 | |
Tata Communications Limited | | | | | | | 3,567 | | | | 14,727 | |
TDC AS | | | | | | | 36,235 | | | | 241,296 | |
Tele2 AB | | | | | | | 29,579 | | | | 520,364 | |
Telecom Argentina SA ADR « | | | | | | | 2,951 | | | | 32,933 | |
Telecom Corporation of New Zealand Limited | | | | | | | 337,806 | | | | 667,628 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 99 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Diversified Telecommunication Services (continued) | | | | | | | | | | | | |
Telecom Egypt Company | | | | | | | 36,313 | | | $ | 83,899 | |
Telecom Italia SpA | | | | | | | 1,023,020 | | | | 952,198 | |
Telecom Italia SpA RSP | | | | | | | 592,709 | | | | 469,298 | |
Telecom Malaysia Berhad | | | | | | | 348,900 | | | | 678,928 | |
Telefonica Brasil SA | | | | | | | 16,377 | | | | 317,875 | |
Telefonica O2 Czech Republic AS | | | | | | | 10,454 | | | | 221,588 | |
Telefonica SA | | | | | | | 372,958 | | | | 4,709,830 | |
Telekom Austria AG | | | | | | | 23,473 | | | | 187,361 | |
Telekomunikacja Polska SA | | | | | | | 132,850 | | | | 665,392 | |
Telekomunikasi Indonesia TBK PT | | | | | | | 1,931,000 | | | | 1,883,409 | |
Telenet Group Holding NV | | | | | | | 5,930 | | | | 230,438 | |
Telenor ASA | | | | | | | 70,077 | | | | 1,280,536 | |
Teliasonera AB | | | | | | | 190,059 | | | | 1,313,612 | |
Telkom South Africa Limited † | | | | | | | 87,400 | | | | 199,804 | |
Telstra Corporation Limited | | | | | | | 764,679 | | | | 3,041,607 | |
TELUS Corporation « | | | | | | | 4,943 | | | | 311,247 | |
TELUS Corporation (Non-Voting) | | | | | | | 14,200 | | | | 874,976 | |
True Corporation PCL † | | | | | | | 489,562 | | | | 67,493 | |
TT&T PCL †(a) | | | | | | | 270,800 | | | | 0 | |
Turk Telekomunikasyon AS | | | | | | | 117,421 | | | | 464,727 | |
TW Telecom Incorporated Ǡ | | | | | | | 284,671 | | | | 7,159,476 | |
Verizon Communications Incorporated | | | | | | | 351,224 | | | | 15,081,559 | |
Windstream Corporation « | | | | | | | 389,635 | | | | 3,845,697 | |
Xl Axiata TBK PT | | | | | | | 408,500 | | | | 308,464 | |
| | | | |
| | | | | | | | | | | 115,089,269 | |
| | | | | | | | | | | | |
| | | | |
| Wireless Telecommunication Services: 1.28% | | | | | | | | | | | | |
Advanced Information Service PCL | | | | | | | 202,100 | | | | 1,373,777 | |
America Movil SAB de CV Class A | | | | | | | 22,794 | | | | 27,984 | |
America Movil SAB de CV Class L | | | | | | | 7,616,836 | | | | 9,749,052 | |
Bharti Airtel Limited | | | | | | | 289,540 | | | | 1,289,852 | |
Cellcom Israel Limited | | | | | | | 6,225 | | | | 43,651 | |
China Mobile Limited | | | | | | | 1,093,500 | | | | 11,673,850 | |
China Wireless Technologies Limited | | | | | | | 296,000 | | | | 52,667 | |
Comba Telecom Systems Holdings Limited | | | | | | | 120,212 | | | | 30,999 | |
Crown Castle International Corporation † | | | | | | | 54,866 | | | | 3,481,796 | |
Digi.com Berhad | | | | | | | 542,000 | | | | 834,380 | |
Empresa Nacional de Telecomunicaciones SA | | | | | | | 18,536 | | | | 357,003 | |
Far Eastone Telecommunications Company Limited | | | | | | | 322,722 | | | | 795,195 | |
Freenet AG | | | | | | | 6,810 | | | | 104,415 | |
Globe Telecom Incorporated | | | | | | | 8,330 | | | | 226,687 | |
Idea Cellular Limited † | | | | | | | 166,212 | | | | 223,060 | |
Indonesian Satellite Corporation TBK PT | | | | | | | 138,500 | | | | 74,080 | |
KDDI Corporation | | | | | | | 459 | | | | 3,282,968 | |
Maxis Berhad | | | | | | | 514,200 | | | | 1,158,575 | |
Millicom International Cellular SA | | | | | | | 6,159 | | | | 530,130 | |
Mobile Telesystems ADR | | | | | | | 168,082 | | | | 3,094,390 | |
Mobilone Limited | | | | | | | 94,400 | | | | 193,874 | |
Mobistar SA | | | | | | | 1,938 | | | | 61,343 | |
| | | | |
| 100 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Wireless Telecommunication Services (continued) | | | | | | | | | | | | |
MTN Group Limited « | | | | | | | 292,089 | | | $ | 5,457,333 | |
NTT DoCoMo Incorporated | | | | | | | 2,670 | | | | 4,542,359 | |
NTT DoCoMo Incorporated ADR « | | | | | | | 22,450 | | | | 382,099 | |
Okinawa Cellular Telephone Company | | | | | | | 6 | | | | 13,518 | |
Orascom Telecom Holding SAE | | | | | | | 313,006 | | | | 186,693 | |
Orascom Telecom Media and Technology Holding SAE | | | | | | | 313,006 | | | | 29,235 | |
Partner Communications Company Limited | | | | | | | 5,768 | | | | 23,707 | |
Philippine Long Distance Telephone Company | | | | | | | 18,540 | | | | 1,207,358 | |
Reliance Communications Limited | | | | | | | 99,697 | | | | 86,389 | |
Reliance Communications Limited GDR 144A | | | | | | | 32,828 | | | | 28,445 | |
Rogers Communications Incorporated « | | | | | | | 39,400 | | | | 1,589,590 | |
SBA Communications Corporation † | | | | | | | 95,613 | | | | 5,715,745 | |
Sistema JSFC Register Shares—Sponsored GDR | | | | | | | 9,273 | | | | 182,771 | |
SK Telecom Company Limited | | | | | | | 7,277 | | | | 933,175 | |
SmarTone Telecommunications Holding Limited | | | | | | | 48,829 | | | | 104,131 | |
Sprint Nextel Corporation † | | | | | | | 2,024,031 | | | | 9,816,550 | |
StarHub Limited | | | | | | | 109,000 | | | | 315,676 | |
Taiwan Mobile Company Limited | | | | | | | 370,202 | | | | 1,371,988 | |
Tata Teleservices Maharashtra Limited † | | | | | | | 26,818 | | | | 5,135 | |
Telephone and Data Systems Incorporated | | | | | | | 220,924 | | | | 5,417,056 | |
Tim Participacoes SA | | | | | | | 177,415 | | | | 705,325 | |
TM International SDN Berhad | | | | | | | 655,750 | | | | 1,257,143 | |
Total Access Group Incorporated | | | | | | | 81,100 | | | | 230,993 | |
Turkcell Iletisim Hizmetleri AS † | | | | | | | 143,514 | | | | 851,996 | |
United States Cellular Corporation † | | | | | | | 9,019 | | | | 342,271 | |
Vodafone Group plc | | | | | | | 4,524,924 | | | | 13,040,603 | |
| | | | |
| | | | | | | | | | | 92,497,012 | |
| | | | | | | | | | | | |
| | | | |
Utilities: 4.31% | | | | | | | | | | | | |
| | | | |
| Electric Utilities: 1.83% | | | | | | | | | | | | |
Acciona SA | | | | | | | 2,541 | | | | 118,830 | |
AES Corporation † | | | | | | | 132,700 | | | | 1,511,453 | |
Allete Incorporated | | | | | | | 70,832 | | | | 2,943,778 | |
American Electric Power Company Incorporated | | | | | | | 58,598 | | | | 2,519,128 | |
Atel Holding AG | | | | | | | 575 | | | | 83,115 | |
Centrais Electricas Brasileiras SA | | | | | | | 79,100 | | | | 507,356 | |
CESC Limited | | | | | | | 11,882 | | | | 65,471 | |
CEZ AS | | | | | | | 34,367 | | | | 1,349,127 | |
Cheung Kong Infrastructure Holdings Limited | | | | | | | 59,000 | | | | 356,771 | |
Chubu Electric Power Company Incorporated | | | | | | | 133,400 | | | | 1,584,546 | |
Cia Energetica de Minas Gerais | | | | | | | 20,070 | | | | 296,517 | |
Cia General de Electricidad SA | | | | | | | 82,344 | | | | 390,914 | |
Cleco Corporation « | | | | | | | 132,326 | | | | 5,416,103 | |
CLP Holdings Limited | | | | | | | 351,000 | | | | 2,925,773 | |
Contact Energy Limited | | | | | | | 62,292 | | | | 244,222 | |
CPFL Energia SA | | | | | | | 29,500 | | | | 312,454 | |
Duke Energy Corporation | | | | | | | 88,599 | | | | 5,739,443 | |
E.ON AG | | | | | | | 187,516 | | | | 4,312,656 | |
Edison International | | | | | | | 62,668 | | | | 2,744,232 | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 101 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Electric Utilities (continued) | | | | | | | | | | | | |
Electricite de France | | | | | | | 23,601 | | | $ | 480,606 | |
Emera Incorporated | | | | | | | 11,122 | | | | 388,353 | |
Empresa Electrica Pehuenche SA | | | | | | | 6,772 | | | | 43,993 | |
Endesa SA | | | | | | | 5,358 | | | | 92,530 | |
Enea SA | | | | | | | 23,564 | | | | 117,169 | |
Enel SpA | | | | | | | 603,298 | | | | 1,988,130 | |
Energias de Portugal SA | | | | | | | 245,535 | | | | 598,520 | |
Enersis SA (Chile) | | | | | | | 2,494,932 | | | | 823,384 | |
Entergy Corporation | | | | | | | 20,739 | | | | 1,411,911 | |
EVN AG | | | | | | | 581 | | | | 7,819 | |
Exelon Corporation | | | | | | | 104,171 | | | | 3,799,116 | |
Federal Hydrogenerating Company ADR | | | | | | | 309,300 | | | | 781,787 | |
FirstEnergy Corporation | | | | | | | 51,246 | | | | 2,239,450 | |
Fortis Incorporated (Canada) « | | | | | | | 16,574 | | | | 546,274 | |
Fortum Oyj | | | | | | | 40,768 | | | | 753,274 | |
Great Plains Energy Incorporated | | | | | | | 91,046 | | | | 1,941,101 | |
Hawaiian Electric Industries Incorporated « | | | | | | | 207,484 | | | | 5,504,551 | |
Hokkaido Electric Power Company Incorporated | | | | | | | 29,200 | | | | 224,515 | |
Hokuriku Electric Power Company | | | | | | | 36,400 | | | | 420,277 | |
Hong Kong Electric Holdings Limited | | | | | | | 245,105 | | | | 1,986,198 | |
Iberdrola SA | | | | | | | 387,498 | | | | 1,537,244 | |
IDACORP Incorporated « | | | | | | | 108,463 | | | | 4,495,791 | |
Infratil Limited | | | | | | | 84,567 | | | | 141,997 | |
ITC Holdings Corporation | | | | | | | 39,212 | | | | 2,822,480 | |
Japan Wind Development Company Limited †« | | | | | | | 12 | | | | 16,415 | |
Kansai Electric Power Company Incorporated | | | | | | | 139,100 | | | | 1,037,543 | |
Korea Electric Power Corporation † | | | | | | | 62,964 | | | | 1,365,133 | |
KSK Energy Ventures Limited † | | | | | | | 40,370 | | | | 43,509 | |
Kyushu Electric Power Company Incorporated | | | | | | | 77,000 | | | | 583,192 | |
Manila Electric Company | | | | | | | 100,460 | | | | 591,180 | |
Nextera Energy Incorporated | | | | | | | 52,111 | | | | 3,507,591 | |
Northeast Utilities | | | | | | | 211,284 | | | | 7,959,068 | |
NV Energy Incorporated | | | | | | | 155,579 | | | | 2,728,856 | |
Pepco Holdings Incorporated « | | | | | | | 149,988 | | | | 2,896,268 | |
Pinnacle West Capital Corporation | | | | | | | 74,904 | | | | 3,847,818 | |
PNM Resources Incorporated | | | | | | | 152,337 | | | | 3,133,572 | |
Polska Grupa Energetyczna SA | | | | | | | 111,120 | | | | 626,628 | |
Portland General Electric Company | | | | | | | 164,053 | | | | 4,403,183 | |
Power Grid Corporation of India Limited | | | | | | | 310,811 | | | | 667,440 | |
PPL Corporation | | | | | | | 71,166 | | | | 2,087,299 | |
Public Power Corporation SA † | | | | | | | 5,300 | | | | 17,599 | |
Red Electrica de Espana | | | | | | | 10,670 | | | | 461,941 | |
Reliance Energy Limited | | | | | | | 32,954 | | | | 263,099 | |
Romande Energie Holding SA | | | | | | | 7 | | | | 7,706 | |
RWE AG | | | | | | | 41,623 | | | | 1,745,724 | |
Scottish & Southern Energy plc | | | | | | | 87,212 | | | | 1,894,402 | |
Shikoku Electric Power Company Incorporated | | | | | | | 34,100 | | | | 414,191 | |
Southern Company | | | | | | | 107,038 | | | | 4,852,033 | |
SP AusNet | | | | | | | 241,284 | | | | 262,993 | |
Spark Infrastructure Group 144A | | | | | | | 222,795 | | | | 372,893 | |
| | | | |
| 102 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Electric Utilities (continued) | | | | | | | | | | | | |
Tata Power Company Limited | | | | | | | 337,069 | | | $ | 602,937 | |
Tauron Polska Energia SA | | | | | | | 210,484 | | | | 309,918 | |
Tenaga Nasional Berhad | | | | | | | 481,537 | | | | 1,054,157 | |
Terna SpA | | | | | | | 126,682 | | | | 440,099 | |
The Chugoku Electric Power Company Incorporated | | | | | | | 50,900 | | | | 642,304 | |
The Okinawa Electric Power Company Incorporated | | | | | | | 2,600 | | | | 84,215 | |
Tohoku Electric Power Company Incorporated † | | | | | | | 87,900 | | | | 614,104 | |
Tokyo Electric Power Company Incorporated † | | | | | | | 285,900 | | | | 478,356 | |
Torrent Power Limited | | | | | | | 57,027 | | | | 152,038 | |
Trustpower Limited | | | | | | | 3,817 | | | | 24,073 | |
UIL Holdings Corporation « | | | | | | | 108,300 | | | | 3,809,994 | |
UNS Energy Corporation | | | | | | | 87,609 | | | | 3,509,617 | |
Vector Limited | | | | | | | 28,886 | | | | 62,659 | |
Verbund Oesterreichische Elektrizitaetswirtschafts AG | | | | | | | 8,531 | | | | 172,811 | |
Westar Energy Incorporated | | | | | | | 275,913 | | | | 8,034,587 | |
| | | | |
| | | | | | | | | | | 132,347,504 | |
| | | | | | | | | | | | |
| | | | |
| Gas Utilities: 0.78% | | | | | | | | | | | | |
AGL Resources Incorporated | | | | | | | 76,969 | | | | 3,051,821 | |
APA Group « | | | | | | | 99,908 | | | | 497,520 | |
Atmos Energy Corporation | | | | | | | 197,146 | | | | 6,888,281 | |
Aygaz AS | | | | | | | 12,972 | | | | 59,184 | �� |
China Gas Holdings Limited | | | | | | | 696,000 | | | | 380,487 | |
Enagas SA | | | | | | | 21,486 | | | | 399,025 | |
Envestra Limited | | | | | | | 104,511 | | | | 95,558 | |
Gail India Limited | | | | | | | 96,516 | | | | 616,054 | |
Gas Natural SDG SA | | | | | | | 29,603 | | | | 365,123 | |
Hong Kong & China Gas Company Limited | | | | | | | 918,040 | | | | 2,163,729 | |
Korea Gas Corporation | | | | | | | 3,903 | | | | 196,074 | |
Laclede Group Incorporated « | | | | | | | 45,548 | | | | 1,924,403 | |
Northwest Natural Gas Company « | | | | | | | 1,570 | | | | 77,197 | |
Oneok Incorporated | | | | | | | 128,092 | | | | 5,703,937 | |
Osaka Gas Company Limited | | | | | | | 337,000 | | | | 1,472,048 | |
Perusahaan Gas Negara PT | | | | | | | 2,527,000 | | | | 980,587 | |
Petronas Gas Berhad | | | | | | | 91,700 | | | | 568,778 | |
Piedmont Natural Gas Company Incorporated « | | | | | | | 156,090 | | | | 4,874,691 | |
Questar Corporation | | | | | | | 117,903 | | | | 2,328,584 | |
Rubis SCA | | | | | | | 4,087 | | | | 225,879 | |
Saibu Gas Company Limited | | | | | | | 50,000 | | | | 138,578 | |
Shizuoka Gas Company Limited | | | | | | | 5,500 | | | | 38,144 | |
Snam Rete Gas SpA | | | | | | | 129,580 | | | | 545,024 | |
South Jersey Industries Incorporated « | | | | | | | 54,069 | | | | 2,736,973 | |
Southwest Gas Corporation | | | | | | | 100,007 | | | | 4,275,299 | |
Toho Gas Company Limited | | | | | | | 83,000 | | | | 541,708 | |
Tokyo Gas Company Limited | | | | | | | 427,000 | | | | 2,356,013 | |
UGI Corporation | | | | | | | 246,639 | | | | 7,517,557 | |
WGL Holdings Incorporated « | | | | | | | 111,855 | | | | 4,366,819 | |
Xinao Gas Holdings Limited | | | | | | | 120,000 | | | | 473,443 | |
Yingde Gases Group Company | | | | | | | 206,000 | | | | 159,627 | |
| | | | |
| | | | | | | | | | | 56,018,145 | |
| | | | | | | | | | | | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 103 | |
| | | | | | | | | | | | |
| Security name | | | | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | | |
| Independent Power Producers & Energy Traders: 0.27% | | | | | | | | | | | | |
Aboitiz Power Corporation | | | | | | | 386,100 | | | $ | 312,000 | |
Adani Power Limited † | | | | | | | 93,197 | | | | 66,683 | |
AES Gener SA | | | | | | | 453,857 | | | | 257,041 | |
Babcock & Brown Wind Partners † | | | | | | | 70,286 | | | | 22,148 | |
Calpine Corporation † | | | | | | | 301,700 | | | | 5,294,835 | |
China Longyuan Power Group | | | | | | | 323,000 | | | | 209,477 | |
China Resources Power Holdings Company | | | | | | | 314,600 | | | | 672,525 | |
Colbun SA † | | | | | | | 1,444,661 | | | | 410,595 | |
Drax Group plc | | | | | | | 27,289 | | | | 201,922 | |
EDP Renovaveis SA † | | | | | | | 9,632 | | | | 35,255 | |
Electric Power Development Company | | | | | | | 24,700 | | | | 590,251 | |
Electricity Generating PCL | | | | | | | 29,800 | | | | 114,122 | |
Empresa Nacional de Electricidad SA (Chile) | | | | | | | 787,697 | | | | 1,303,890 | |
Energy World Corporation Limited † | | | | | | | 112,693 | | | | 59,379 | |
Etrion Corporation † | | | | | | | 2,567 | | | | 857 | |
Genon Energy Incorporated † | | | | | | | 1,641,608 | | | | 4,153,268 | |
Glow Energy PCL | | | | | | | 31,600 | | | | 63,029 | |
GVK Power & Infrastructure Limited † | | | | | | | 127,035 | | | | 25,464 | |
JSW Energy Limited | | | | | | | 47,611 | | | | 39,244 | |
Neyveli Lignite Corporation Limited | | | | | | | 4,901 | | | | 6,912 | |
NHPC Limited | | | | | | | 460,688 | | | | 148,248 | |
NRG Energy Incorporated « | | | | | | | 160,504 | | | | 3,425,155 | |
NTPC Limited | | | | | | | 273,560 | | | | 826,459 | |
PNOC Energy Development Corporation | | | | | | | 2,466,850 | | | | 350,606 | |
Ratchaburi Electricity Generating Holding PCL ADR | | | | | | | 20,700 | | | | 30,553 | |
Reliance Power Limited † | | | | | | | 138,060 | | | | 189,127 | |
Sechilienne SA | | | | | | | 469 | | | | 6,518 | |
Solartron PCL † | | | | | | | 391,200 | | | | 26,717 | |
Tractebel Energia SA | | | | | | | 31,629 | | | | 526,033 | |
Transalta Corporation « | | | | | | | 20,500 | | | | 309,658 | |
| | | | |
| | | | | | | | | | | 19,677,971 | |
| | | | | | | | | | | | |
| | | | |
| Multi-Utilities: 1.28% | | | | | | | | | | | | |
ACEA SpA | | | | | | | 1,765 | | | | 9,790 | |
AEM SpA | | | | | | | 58,540 | | | | 31,161 | |
AGL Energy Limited | | | | | | | 95,173 | | | | 1,491,635 | |
Alliant Energy Corporation | | | | | | | 76,118 | | | | 3,355,281 | |
Ameren Corporation | | | | | | | 165,706 | | | | 5,421,900 | |
ATCO Limited | | | | | | | 4,129 | | | | 320,016 | |
Avista Corporation | | | | | | | 123,320 | | | | 3,132,328 | |
Black Hills Corporation « | | | | | | | 85,042 | | | | 2,908,436 | |
Canadian Utilities Limited Class A | | | | | | | 4,999 | | | | 344,745 | |
Canadian Utilities Limited Class B | | | | | | | 258 | | | | 17,842 | |
Centerpoint Energy Incorporated | | | | | | | 272,710 | | | | 5,560,557 | |
Centrica plc | | | | | | | 475,540 | | | | 2,466,868 | |
CMS Energy Corporation | | | | | | | 174,221 | | | | 4,019,278 | |
Consolidated Edison Incorporated | | | | | | | 35,715 | | | | 2,165,043 | |
Dominion Resources Incorporated | | | | | | | 70,186 | | | | 3,683,361 | |
DTE Energy Company | | | | | | | 114,474 | | | | 6,685,282 | |
| | | | |
| 104 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | | | | | | | Shares | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Multi-Utilities (continued) | | | | | | | | | | | | | | | | |
ENBW Energie Baden-Wuerttemberg AG | | | | | | | | | | | 2,364 | | | $ | 93,657 | |
Enel Green Power SpA | | | | | | | | | | | 152,321 | | | | 250,407 | |
Gaz de France | | | | | | | | | | | 127,137 | | | | 3,130,295 | |
Hera SpA | | | | | | | | | | | 15,096 | | | | 22,254 | |
Integrys Energy Group Incorporated « | | | | | | | | | | | 54,732 | | | | 2,954,981 | |
Just Energy Group Incorporated « | | | | | | | | | | | 8,403 | | | | 93,087 | |
MDU Resources Group Incorporated | | | | | | | | | | | 115,603 | | | | 2,491,245 | |
National Grid plc | | | | | | | | | | | 321,030 | | | | 3,484,126 | |
NiSource Incorporated « | | | | | | | | | | | 193,783 | | | | 4,716,678 | |
NorthWestern Corporation | | | | | | | | | | | 78,031 | | | | 2,855,935 | |
OGE Energy Corporation | | | | | | | | | | | 67,098 | | | | 3,626,647 | |
PG&E Corporation | | | | | | | | | | | 54,465 | | | | 2,364,326 | |
Public Service Enterprise Group Incorporated | | | | | | | | | | | 62,502 | | | | 1,978,813 | |
Scana Corporation « | | | | | | | | | | | 79,857 | | | | 3,782,028 | |
Sempra Energy | | | | | | | | | | | 27,509 | | | | 1,821,096 | |
Suez Environment SA | | | | | | | | | | | 28,095 | | | | 314,861 | |
TECO Energy Incorporated « | | | | | | | | | | | 134,264 | | | | 2,330,823 | |
United Utilities Group plc | | | | | | | | | | | 59,727 | | | | 672,398 | |
Vectren Corporation | | | | | | | | | | | 175,737 | | | | 4,957,541 | |
Veolia Environment | | | | | | | | | | | 39,778 | | | | 421,076 | |
Wisconsin Energy Corporation | | | | | | | | | | | 155,626 | | | | 5,907,563 | |
Xcel Energy Incorporated | | | | | | | | | | | 66,638 | | | | 1,858,534 | |
YTL Corporation Berhad | | | | | | | | | | | 985,009 | | | | 570,609 | |
YTL Power International Berhad | | | | | | | | | | | 409,303 | | | | 227,936 | |
| | | | |
| | | | | | | | | | | | | | | 92,540,439 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Water Utilities: 0.15% | | | | | | | | | | | | | | | | |
Aguas Andinas SA Class A | | | | | | | | | | | 534,016 | | | | 350,251 | |
American Water Works Company Incorporated | | | | | | | | | | | 120,478 | | | | 4,442,024 | |
Aqua America Incorporated « | | | | | | | | | | | 98,050 | | | | 2,451,250 | |
California Water Service Group | | | | | | | | | | | 83,900 | | | | 1,534,531 | |
China Water Affairs Group Limited | | | | | | | | | | | 100,000 | | | | 24,884 | |
Guangdong Investment Limited | | | | | | | | | | | 480,000 | | | | 354,618 | |
Hyflux Limited « | | | | | | | | | | | 81,500 | | | | 88,921 | |
Manila Water Company | | | | | | | | | | | 64,900 | | | | 41,724 | |
Pennon Group plc | | | | | | | | | | | 35,570 | | | | 415,974 | |
Puncak Niaga Holding Berhad † | | | | | | | | | | | 13,700 | | | | 5,919 | |
Severn Trent plc | | | | | | | | | | | 25,380 | | | | 697,587 | |
Sound Global Limited | | | | | | | | | | | 168,000 | | | | 77,466 | |
| | | | |
| | | | | | | | | | | | | | | 10,485,149 | |
| | | | | | | | | | | | | | | | |
| | | | |
Total Common Stocks (Cost $6,353,480,085) | | | | | | | | | | | | | | | 6,949,402,455 | |
| | | | | | | | | | | | | | | | |
| | | | |
| | | Interest rate | | | Maturity date | | | Principal | | | | |
| | | | |
Foreign Corporate Bonds and Notes @: 0.00% | | | | | | | | | | | | | | | | |
| | | | |
Materials : 0.00% | | | | | | | | | | | | | | | | |
| | | | |
| Chemicals : 0.00% | | | | | | | | | | | | | | | | |
Coromandel International Limited (INR) | | | 9.00 | % | | | 7-23-16 | | | | 389,610 | | | | 6,757 | |
| | | | | | | | | | | | | | | | |
| | | | |
Total Foreign Corporate Bonds and Notes (Cost $7,063) | | | | | | | | | | | | | | | 6,757 | |
| | | | | | | | | | | | | | | | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 105 | |
| | | | | | | | | | | | | | | | |
| Security name | | Interest rate | | | Maturity date | | | Principal | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
Foreign Government Bonds @: 0.00% | | | | | | | | | | | | | | | | |
Italia Certificati di Credito del Tesoro ¤ (EUR) | | | 0.00 | % | | | 12-31-12 | | | | 8,000 | | | $ | 10,027 | |
| | | | | | | | | | | | | | | | |
| | | | |
Total Foreign Government Bonds (Cost $34,489) | | | | | | | | | | | | | | | 10,027 | |
| | | | | | | | | | | | | | | | |
| | | | |
| | | | | | | | | Shares | | | | |
| | | | |
Investment Companies: 0.01% | | | | | | | | | | | | | | | | |
BB Biotech AG REG | | | | | | | | | | | 929 | | | | 87,170 | |
Duet Group | | | | | | | | | | | 227,613 | | | | 493,832 | |
| | | | |
Total Investment Companies (Cost $421,726) | | | | | | | | | | | | | | | 581,002 | |
| | | | | | | | | | | | | | | | |
| | | | |
| | | Dividend yield | | | | | | | | | | |
| | | | |
Preferred Stocks: 0.75% | | | | | | | | | | | | | | | | |
| | | | |
Consumer Discretionary: 0.05% | | | | | | | | | | | | | | | | |
| | | | |
| Automobiles: 0.05% | | | | | | | | | | | | | | | | |
Bayerische Motoren Werke AG | | | 5.43 | | | | | | | | 4,593 | | | | 230,505 | |
Porsche AG | | | 1.75 | | | | | | | | 14,496 | | | | 749,379 | |
Volkswagen AG | | | 2.09 | | | | | | | | 14,582 | | | | 2,575,110 | |
| | | | |
| | | | | | | | | | | | | | | 3,554,994 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Media: 0.00% | | | | | | | | | | | | | | | | |
ProSiebenSat.1 Media AG | | | 5.68 | | | | | | | | 12,579 | | | | 303,068 | |
| | | | | | | | | | | | | | | | |
| | | | |
Consumer Staples : 0.11% | | | | | | | | | | | | | | | | |
| | | | |
| Beverages: 0.09% | | | | | | | | | | | | | | | | |
Cia de Bebidas DAS Americas | | | 2.35 | | | | | | | | 172,794 | | | | 6,541,809 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Household Products: 0.02% | | | | | | | | | | | | | | | | |
Henkel AG & Company KGaA | | | 1.30 | | | | | | | | 16,469 | | | | 1,244,747 | |
| | | | | | | | | | | | | | | | |
| | | | |
Energy: 0.12% | | | | | | | | | | | | | | | | |
| | | | |
| Oil, Gas & Consumable Fuels: 0.12% | | | | | | | | | | | | | | | | |
Petroleo Brasileiro SA | | | 3.19 | | | | | | | | 885,258 | | | | 9,049,265 | |
| | | | | | | | | | | | | | | | |
| | | | |
Financials: 0.24% | | | | | | | | | | | | | | | | |
| | | | |
| Capital Markets: 0.00% | | | | | | | | | | | | | | | | |
Hyundai Securities Company Limited | | | 6.95 | | | | | | | | 6,105 | | | | 42,238 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Commercial Banks: 0.24% | | | | | | | | | | | | | | | | |
Banco Bradesco SA | | | 3.24 | | | | | | | | 414,328 | | | | 6,735,713 | |
Banco Itau Holding Financeira SA | | | 3.36 | | | | | | | | 484,100 | | | | 7,559,964 | |
Investimentos Itau SA | | | 3.18 | | | | | | | | 642,956 | | | | 2,961,544 | |
Shinkin Central Bank « | | | 3.95 | | | | | | | | 138 | | | | 288,532 | |
Swedbank AB | | | 4.30 | | | | | | | | 10,037 | | | | 175,513 | |
| | | | |
| | | | | | | | | | | | | | | 17,721,266 | |
| | | | | | | | | | | | | | | | |
| | | | |
| 106 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | | | |
| Security name | | Dividend yield | | | | | | Shares | | | Value | |
| | | | | | | | | | | | | | | | |
| | | | |
| Insurance: 0.00% | | | | | | | | | | | | | | | | |
Unipol Gruppo Finanziari SpA † | | | 0.00 | % | | | | | | | 185 | | | $ | 263 | |
| | | | | | | | | | | | | | | | |
| | | | |
Materials: 0.17% | | | | | | | | | | | | | | | | |
| | | | |
| Chemicals: 0.03% | | | | | | | | | | | | | | | | |
Braskem SA | | | 3.93 | | | | | | | | 30,900 | | | | 194,847 | |
Fuchs Petrolub AG | | | 2.04 | | | | | | | | 5,349 | | | | 312,851 | |
Sociedad Quimica y Minera de Chile SA Class B | | | 1.78 | | | | | | | | 21,681 | | | | 1,339,855 | |
| | | | |
| | | | | | | | | | | | | | | 1,847,553 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Metals & Mining: 0.14% | | | | | | | | | | | | | | | | |
Bradespar SA | | | 6.65 | | | | | | | | 50,900 | | | | 664,491 | |
Companhia Vale do Rio Doce Class A | | | 5.79 | | | | | | | | 435,830 | | | | 7,123,917 | |
Gerdau SA | | | 1.77 | | | | | | | | 155,102 | | | | 1,371,536 | |
Metalurgica Gerdau SA | | | 2.06 | | | | | | | | 48,456 | | | | 530,416 | |
Usinas Siderurgicas de Minas Gerais SA Class A | | | 0.81 | | | | | | | | 111,602 | | | | 448,079 | |
| | | | |
| | | | | | | | | | | | | | | 10,138,439 | |
| | | | | | | | | | | | | | | | |
| | | | |
Telecommunication Services: 0.03% | | | | | | | | | | | | | | | | |
| | | | |
| Diversified Telecommunication Services: 0.03% | | | | | | | | | | | | | | | | |
Oi SA | | | 14.87 | | | | | | | | 156,867 | | | | 595,815 | |
Telef Brasil Preference | | | 8.24 | | | | | | | | 60,143 | | | | 1,303,656 | |
| | | | |
| | | | | | | | | | | | | | | 1,899,471 | |
| | | | | | | | | | | | | | | | |
| | | | |
Utilities: 0.03% | | | | | | | | | | | | | | | | |
| | | | |
| Electric Utilities: 0.03% | | | | | | | | | | | | | | | | |
Centrais Electricas Brasileiras SA B Shares | | | 9.57 | | | | | | | | 39,500 | | | | 360,966 | |
Cia Energetica de Minas Gerais | | | 9.94 | | | | | | | | 99,178 | | | | 1,692,949 | |
RWE AG | | | 6.16 | | | | | | | | 2,018 | | | | 76,033 | |
| | | | |
| | | | | | | | | | | | | | | 2,129,948 | |
| | | | | | | | | | | | | | | | |
| | | | |
Total Preferred Stocks (Cost $58,673,342) | | | | | | | | | | | | | | | 54,473,061 | |
| | | | | | | | | | | | | | | | |
| | | | |
| | | | | | Expiration date | | | | | | | |
| | | | |
Rights: 0.00% | | | | | | | | | | | | | | | | |
| | | | |
Consumer Discretionary: 0.00% | | | | | | | | | | | | | | | | |
| | | | |
| Internet & Catalog Retail: 0.00% | | | | | | | | | | | | | | | | |
Liberty Ventures Series A†(a) | | | | | | | 12-31-49 | | | | 6,321 | | | | 69,156 | |
| | | | | | | | | | | | | | | | |
| | | | |
Financials: 0.00% | | | | | | | | | | | | | | | | |
| | | | |
| Commercial Banks: 0.00% | | | | | | | | | | | | | | | | |
Krung Thai Bank PCL†(a) | | | | | | | 10-11-12 | | | | 86,725 | | | | 11,071 | |
| | | | | | | | | | | | | | | | |
| | | | |
| Real Estate Management & Development: 0.00% | | | | | | | | | | | | | | | | |
FKP Property Group†(a) | | | | | | | 9-17-12 | | | | 80,551 | | | | 8,322 | |
| | | | | | | | | | | | | | | | |
| | | | |
Industrials: 0.00% | | | | | | | | | | | | | | | | |
| | | | |
| Road & Rail: 0.00% | | | | | | | | | | | | | | | | |
GrainCorp Limited †(a) | | | | | | | 9-12-12 | | | | 2,469 | | | | 1,071 | |
| | | | | | | | | | | | | | | | |
| | | | | | |
| Portfolio of investments—August 31, 2012 (unaudited) | | Wells Fargo Advantage Diversified Stock Portfolio | | | 107 | |
| | | | | | | | | | | | | | |
| Security name | | | | Expiration date | | | Shares | | | Value | |
| | | | | | | | | | | | | | |
| | | | |
Information Technology: 0.00% | | | | | | | | | | | | | | |
| | | | |
| Semiconductors & Semiconductor Equipment: 0.00% | | | | | | | | | | | | | | |
Renewable Energy Corporation †(a)« | | | | | 9-3-12 | | | | 14,246 | | | $ | 575 | |
| | | | | | | | | | | | | | |
| | | | |
Materials: 0.00% | | | | | | | | | | | | | | |
| | | | |
| Metals & Mining: 0.00% | | | | | | | | | | | | | | |
OM Holdings Limited†(a) | | | | | 9-17-12 | | | | 8,438 | | | | 0 | |
| | | | | | | | | | | | | | |
| | | | |
Total Rights (Cost $31,368) | | | | | | | | | | | | | 90,195 | |
| | | | | | | | | | | | | | |
| | | | |
Warrants: 0.00% | | | | | | | | | | | | | | |
| | | | |
Consumer Discretionary: 0.00% | | | | | | | | | | | | | | |
| | | | |
| Distributors: 0.00% | | | | | | | | | | | | | | |
Tat Hong Holdings Limited†(a) | | | | | 8-2-13 | | | | 700 | | | | 0 | |
Ubisoft Entertainment† | | | | | 10-10-13 | | | | 3,327 | | | | 146 | |
| | | | |
| | | | | | | | | | | | | 146 | |
| | | | | | | | | | | | | | |
| | | | |
| Hotels, Restaurants & Leisure: 0.00% | | | | | | | | | | | | | | |
Minor International PCL† | | | | | 5-18-13 | | | | 9,570 | | | | 1,032 | |
| | | | | | | | | | | | | | |
| | | | |
| Media: 0.00% | | | | | | | | | | | | | | |
Seat Pagine Gialle SpA†(a) | | | | | 5-14-13 | | | | 259 | | | | 1 | |
| | | | | | | | | | | | | | |
| | | | |
Consumer Staples: 0.00% | | | | | | | | | | | | | | |
| | | | |
| Food & Staples Retailing: 0.00% | | | | | | | | | | | | | | |
Sinarmas Land Limited† | | | | | 11-18-15 | | | | 42,500 | | | | 5,728 | |
| | | | | | | | | | | | | | |
| | | | |
| Food Products: 0.00% | | | | | | | | | | | | | | |
Kulim Malaysia Berhad† | | | | | 10-21-15 | | | | 8,450 | | | | 3,110 | |
| | | | | | | | | | | | | | |
| | | | |
Energy: 0.00% | | | | | | | | | | | | | | |
| | | | |
| Oil, Gas & Consumable Fuels: 0.00% | | | | | | | | | | | | | | |
Maurel et Prom SA† | | | | | 6-30-14 | | | | 3,641 | | | | 1,200 | |
| | | | | | | | | | | | | | |
| | | | |
Industrials: 0.00% | | | | | | | | | | | | | | |
| | | | |
| Construction & Engineering: 0.00% | | | | | | | | | | | | | | |
Dialog Group Berhad† | | | | | 11-30-13 | | | | 29,919 | | | | 5,123 | |
| | | | | | | | | | | | | | |
| | | | |
Materials: 0.00% | | | | | | | | | | | | | | |
| | | | |
| Metals & Mining: 0.00% | | | | | | | | | | | | | | |
Kinross Gold Corporation† | | | | | 9-17-14 | | | | 1,456 | | | | 753 | |
| | | | | | | | | | | | | | |
| | | | |
Total Warrants (Cost $16,964) | | | | | | | | | | | | | 17,093 | |
| | | | | | | | | | | | | | |
| | | | | | | | Principal | | | | |
| | | | |
Other: 0.02% | | | | | | | | | | | | | | |
Gryphon Funding Limited, Pass-Through Entity (a)(i)(v) | | | | | | | | $ | 5,087,097 | | | | 1,373,516 | |
| | | | |
Total Other (Cost $577,889) | | | | | | | | | | | | | 1,373,516 | |
| | | | | | | | | | | | | | |
| | | | |
| 108 | | Wells Fargo Advantage Diversified Stock Portfolio | | Portfolio of investments—August 31, 2012 (unaudited) |
| | | | | | | | | | | | | | |
| Security name | | Yield | | | | | Shares | | | Value | |
| | | | | | | | | | | | | | |
| | | | |
Short-Term Investments: 14.76% | | | | | | | | | | | | | | |
| | | | |
| Investment Companies: 14.76% | | | | | | | | | | | | | | |
Wells Fargo Advantage Cash Investment Fund, Select Class (l)(u) | | | 0.16 | % | | | | | 169,049,881 | | | $ | 169,049,881 | |
Wells Fargo Securities Lending Cash Investments, LLC (l)(u)(r)(v) | | | 0.19 | | | | | | 897,043,281 | | | | 897,043,281 | |
| | | | |
Total Short-Term Investments (Cost $1,066,093,162) | | | | | | | | | | | | | 1,066,093,162 | |
| | | | | | | | | | | | | | |
| | | | | | | | |
Total investments in securities (Cost $7,479,336,088)* | | | 111.75 | % | | | 8,072,047,268 | |
Other assets and liabilities, net | | | (11.75 | ) | | | (848,491,067 | ) |
| | | | | | | | |
| Total net assets | | | 100.00 | % | | $ | 7,223,556,201 | |
| | | | | | | | |
| † | Non-income-earning security |
| « | All or a portion of this security is on loan. |
| (a) | Security is fair valued by the Management Valuation Team, and in certain instances by the Board of Trustees, in accordance with procedures approved by the Board of Trustees. |
| 144A | Security that may be resold to “qualified institutional buyers” under Rule 144A or security offered pursuant to Section 4(2) of the Securities Act of 1933, as amended. |
| (l) | Investment in an affiliate |
| @ | Foreign bond principal is denominated in local currency. |
| ¤ | Security issued in zero coupon form with no periodic interest payments. |
| (v) | Security represents investment of cash collateral received from securities on loan. |
| (u) | Rate shown is the 7-day annualized yield at period end. |
| (r) | The investment company is exempt from registration under Section 3(c)(7) of the 1940 Act. |
| * | Cost for federal income tax purposes is $7,563,760,199 and unrealized appreciation (depreciation) consists of: |
| | | | |
Gross unrealized appreciation | | $ | 1,091,786,180 | |
Gross unrealized depreciation | | | (583,499,111 | ) |
| | | | |
Net unrealized appreciation | | $ | 508,287,069 | |
The following table shows percentage of long-term investments by geographical locations as of August 31, 2012:
| | | | |
United States | | | 65.67 | % |
Japan | | | 6.52 | % |
United Kingdom | | | 3.48 | % |
Australia | | | 2.52 | % |
Canada | | | 2.00 | % |
South Korea | | | 1.61 | % |
Switzerland | | | 1.50 | % |
Taiwan | | | 1.33 | % |
France | | | 1.30 | % |
Brazil | | | 1.25 | % |
Germany | | | 1.19 | % |
Hong Kong | | | 1.04 | % |
Other | | | 10.59 | % |
| | | | |
| | | 100.00 | % |
| | | | |
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES
Not applicable.
ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES
Not applicable.
ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMEENT INVESTMENT COMPANY AND AFFILIATED PURCHASES
Not applicable.
ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
The Governance Committee (the “Committee”) of the Board of Trustees of the registrant (the “Trust”) has adopted procedures by which a shareholder of any series of the Trust may submit properly a nominee recommendation for the Committee’s consideration.
The shareholder must submit any such recommendation (a “Shareholder Recommendation”) in writing to the Trust, to the attention of the Trust’s Secretary, at the address of the principal executive offices of the Trust.
The Shareholder Recommendation must be delivered to, or mailed and received at, the principal executive offices of the Trust not less than forty-five (45) calendar days nor more than seventy-five (75) calendar days prior to the date of the Committee meeting at which the nominee would be considered.
The Shareholder Recommendation must include: (i) a statement in writing setting forth (A) the name, age, date of birth, business address, residence address and nationality of the person recommended by the shareholder (the “candidate”); (B) the series (and, if applicable, class) and number of all shares of the Trust owned of record or beneficially by the candidate, as reported to such shareholder by the candidate; (C) any other information regarding the candidate called for with respect to director nominees by paragraphs (a), (d), (e) and (f) of Item 401 of Regulation S-K or paragraph (b) of Item 22 of Rule 14a-101 (Schedule 14A) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), adopted by the Securities and Exchange Commission (or the corresponding provisions of any regulation or rule subsequently adopted by the Securities and Exchange Commission or any successor agency applicable to the Trust); (D) any other information regarding the candidate that would be required to be disclosed if the candidate were a nominee in a proxy statement or other filing required to be made in connection with solicitation of proxies for election of directors pursuant to Section 14 of the Exchange Act and the rules and regulations promulgated thereunder; and (E) whether the recommending shareholder believes that the candidate is or will be an “interested person” of the Trust (as defined in the Investment Company Act of 1940, as amended) and, if not an “interested person,” information regarding the candidate that will be sufficient for the Trust to make such determination; (ii) the written and signed consent of the candidate to be named as a nominee and to serve as a Trustee if elected; (iii) the recommending shareholder’s name as it appears on the Trust’s books; (iv) the series (and, if applicable, class) and number of all shares of the Trust owned beneficially and of record by the recommending shareholder; and (v) a description of all arrangements or understandings between the recommending shareholder and the candidate and any other person or persons (including their names) pursuant to which the recommendation is being made by the recommending shareholder. In addition, the Committee may require the candidate to interview in person and furnish such other information as it may reasonably require or deem necessary to determine the eligibility of such candidate to serve as a Trustee of the Trust.
ITEM 11. CONTROLS AND PROCEDURES
(a) The President and Treasurer have concluded that the Wells Fargo Master Trust (the “Trust”) disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing of this report.
(b) There were no significant changes in the Trust’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the second quarter of the period covered by this report that materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
ITEM 12. EXHIBITS
(a)(1) Not required in this filing.
(a)(2) Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.
(a)(3) Not applicable.
(b) Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is filed and attached hereto as Exhibit 99.906CERT.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| | |
| Wells Fargo Master Trust |
| |
| By: | | |
| | /s/ Karla M. Rabusch |
| |
| | Karla M. Rabusch |
| | President |
| |
| Date: | | October 26, 2012 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated.
| | |
| By: | | |
| | /s/ Karla M. Rabusch |
| |
| | Karla M. Rabusch |
| | President |
| |
| Date: | | October 26, 2012 |
| |
| By: | | |
| | /s/ Nancy Wiser |
| |
| | Nancy Wiser |
| | Treasurer |
| |
| Date: | | October 26, 2012 |
