Seven Wells Fargo Advantage Funds Win Lipper Fund Awards

  Seven Wells Fargo Advantage Funds Win Lipper Fund Awards

Business Wire

SAN FRANCISCO -- March 15, 2013

Wells Fargo Funds Management, LLC, the investment advisor to Wells Fargo
Advantage Funds^®, announced today that seven of its funds were recipients of
2013 Lipper Fund Awards for consistent returns. Six of the seven funds
recognized are multi-year Lipper Fund Award winners, including the Wells Fargo
Advantage Growth Fund and two national municipal fixed-income funds.

“We are pleased to have been recognized by Lipper for the strong performance
of our funds, most of which are receiving a Lipper Fund Award for a second
consecutive year,” said Karla Rabusch, president of Wells Fargo Funds
Management. “We believe our history of winning these awards is a testament to
the overall strength of our product line as well as a reflection of our
commitment to providing top-tier investment solutions for our clients.”

Below is a list of the Wells Fargo Advantage Funds that received 2013 Lipper
Fund Awards for consistent returns (as of 12-31-12).

Fund                Lipper             Award (3, 5,    Portfolio
                       classification        or 10 year)        managers
Wells Fargo                                  10-year            Anthony Cragg
Advantage Asia      Pacific Region     period (out     and Alison
Pacific Fund,          Funds                 of 19              Shimada
Investor Class                               funds)^1
                                             Three-year
Wells Fargo                                  period (out        Thomas Ognar,
Advantage Growth                             of 443             CFA; Bruce
Fund,               Multi-Cap          funds) and      Olson, CFA;
Institutional          Growth Funds          five-year          and Joseph
Class*                                       period (out        Eberhardy,
                                             of 372             CFA, CPA
                                             funds)^2
Wells Fargo                                                     Gary Lisenbee;
Advantage              Global                Three-year         Jeffrey Peck;
Intrinsic World     Large-Cap Core     period (out     and
Equity Fund,           Funds                 of 59 funds)       Jean-Baptiste
Administrator                                                   Nadal, CFA
Class
Wells Fargo            General &             10-year
Advantage              Insured               period (out        Lyle Fitterer,
Municipal Bond      Municipal Debt     of 160          CFA, CPA, and
Fund, Investor         Funds                 funds)^3           Robert Miller
Class
Wells Fargo
Advantage Short                              Five-year          Thomas
Duration               Short U.S.            period (out        O'Connor, CFA,
Government Bond     Government         of 62           and Troy
Fund,                  Funds                 funds)^4           Ludgood
Institutional
Class
Wells Fargo
Advantage                                    10-year            Lyle Fitterer,
Short-Term          Short Municipal    period (out     CFA, CPA, and
Municipal Bond         Debt Funds            of 42              Wendy Casetta
Fund, Investor                               funds)^5
Class
Wells Fargo                                  10-year            Walter Price,
Advantage              Science &             period (out        Jr., CFA, and
Specialized         Technology         of 97           Huachen Chen,
Technology Fund,       Funds                 funds)^6           CFA
Class A

About the Lipper Fund Awards

The Lipper Fund Awards  program honors funds that have excelled in delivering
consistently strong risk-adjusted performance relative to peers. In addition,
the Lipper Fund Awards program recognizes fund families with high average
scores for all funds within a particular asset class or overall. The Lipper
Fund Awards recognize funds in 23 countries in Asia, Europe, the Middle East,
and the Americas. Lipper designates award-winning funds in most individual
classifications for three-, five-, and 10-year periods and fund families with
high average scores for the three-year time period. The top three-year
classification winners and fund family winners receive trophies.

1.In 2012, the Wells Fargo Advantage Asia Pacific Fund, Investor Class, was
    named the Best Pacific Region Fund (out of 20 funds) for the 10-year
    period. In 2011, the Wells Fargo Advantage Asia Pacific Fund, Investor
    Class, was named the Best Pacific Region Fund (out of 19 funds) for the
    10-year period.
2.In 2012, the Wells Fargo Advantage Growth Fund, Institutional Class, was
    named the Best Multi-Cap Growth Fund (out of 328 funds) for the five-year
    period.
3.In 2012, the Wells Fargo Advantage Municipal Bond Fund, Investor Class,
    received an award. The fund was named the Best General Municipal Debt Fund
    for the 10-year period (out of 158 funds). In 2011, the Wells Fargo
    Advantage Municipal Bond Fund, Administrator Class, received two awards.
    The fund was named the Best General & Insured Municipal Debt Fund for the
    three-year period (out of 213 funds) and the five-year period (out of 195
    funds).
4.In 2012, the Wells Fargo Advantage Short Duration Government Bond Fund,
    Institutional Class, was named the Best Short U.S. Government Fund (out of
    71 funds) for the five-year period.
5.In addition to receiving a Lipper Fund Award this year, the Wells Fargo
    Advantage Short-Term Municipal Bond Fund also received two awards in 2012.
    The fund’s Institutional Class shares won the Best Short Municipal Debt
    Fund for the three-year period (out of 63 funds), and the Investor Class
    shares won for the 10-year period (out of 35 funds). In 2011, the Wells
    Fargo Advantage Short-Term Municipal Bond Fund, Investor Class, received
    three awards. The fund was named the Best Short Municipal Debt Fund for
    the three-year period (out of 60 funds), the five-year period (out of 55
    funds), and the 10-year period (out of 32 funds).
6.In 2012, the Wells Fargo Advantage Specialized Technology Fund,
    Administrator Class, was named the Best Science & Technology Fund for the
    10-year period (out of 94 funds).

*The Wells Fargo Advantage Growth Fund is closed to most new investors. For
further information, please see the section titled “Additional Purchase and
Redemption Information” in the Statement of Additional Information.

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. Some funds,
including nondiversified funds and funds investing in foreign investments,
high-yield bonds, small- and mid-cap stocks, and/or more volatile segments of
the economy, entail additional risk and may not be appropriate for all
investors. Consult a fund's prospectus for additional information on these and
other risks.

For municipal income funds: A portion of the fund’s income may be subject to
federal, state, and/or local income taxes or the alternative minimum tax
(AMT). Any capital gains distributions may be taxable.

Performance for certain Wells Fargo Advantage Funds reflects a predecessor
fund’s performance and may be adjusted to reflect the Wells Fargo Advantage
Fund’s sales charges and/or expenses. Predecessor fund information can be
found in each fund’s prospectus.

Administrator Class, Institutional Class, and Investor Class shares are sold
without a front-end sales charge or contingent deferred sales charge.

Carefully consider a fund’s investment objectives, risks, charges, and
expenses before investing. For a current prospectus and, if available, a
summary prospectus, containing this and other information, visit
wellsfargoadvantagefunds.com. Read it carefully before investing.

Wells Capital Management (WellsCap) is a registered investment advisor and a
wholly owned subsidiary of Wells Fargo Bank, N.A. WellsCap provides investment
management services for a variety of institutions.

About Wells Fargo Funds Management

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 open-end funds are
distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an
affiliate of Wells Fargo & Company. For more information on Wells Fargo
Advantage Funds, please visit wellsfargoadvantagefunds.com. 215615 03-13

            NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

Contact:

Wells Fargo Advantage Funds^®
Shareholder Inquiries:
1-800-359-3379
Media Contact:
John Roehm, 415-222-5338
john.o.roehm@wellsfargo.com
 
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