sign in sign up
<<
Home , Wells Fargo

As of August 31, 2021 Fact sheet wfam.com Conservative Income Fund

Asset class: Taxable Fixed Income

Class CUSIP Ticker Competitive advantages Institutional 94987W562 WCIIX ■ Rigorous security research: Security analysis is conducted by a team of credit, mortgage, and government sector specialists with extensive experience in the research, trading, and portfolio THE FUND management of a wide variety of fixed-income products. The Conservative Income Fund seeks ■ Disciplined : The team uses proprietary risk management tools designed to current income consistent with maintaining capital balance alpha generation with appropriate levels of risk-adjusted returns and comprehensive preservation. risk management. ■ Experience: A deep, seasoned team of portfolio managers, sector specialists, and credit FUND STRATEGY analysts use proprietary credit models in providing fixed-income expertise across sectors and ■ Invests principally in high-quality, throughout the yield curve. U.S.-dollar-denominated, short-term debt 1 securities with fixed, floating, and variable rates, Credit quality (%) Maturity distribution (%) including commercial paper, repurchase AAA/Aaa (15) 0–3 months 54 agreements, certificates of deposit, time deposits, 3–6 months 15 AA/Aa (15) bankers' acceptances, U.S. government obligations, 6–9 months 9 A/A (43) municipal securities, corporate debt securities, and 9–12 months 4 BBB/Baa (14) mortgage- and asset-backed securities 1–2 years 12 SP-2/MIG2 (8) ■ Combines a bottom-up security-level analysis with 2–3 years 5 a top-down macro- economic view to formulate A-1/P-1/MIG1 (5) security selection, sector and credit-quality positioning, and duration decisions Portfolio composition (%) ■ The fund may invest up to 30% of its net assets in securities with either a short-term rating of A-2 (or Corporate bonds (62) its equiv.) or a long-term rating of BBB (or its ABS (20) equiv.) by one or more Nationally Recognized Commercial paper (13) Statistical Organizations Municipals (3) ■ Although the fund's net asset value will fluctuate, Government-related (1) the fund's principal invest- ment strategies are MBS (1) intended to limit volatility; the fund is not a money market fund The ratings indicated are from Standard & Poor's, Fitch Ratings Ltd., and/or Moody's Investors Service. The percentages of the fund's portfolio with the ratings depicted in the chart are calculated based on total investments of the fund. If a security was rated TOP HOLDINGS (%) by all three rating agencies, the middle rating was used. If rated by two of three rating agencies, the lower rating was used, and if HPEFS Equipment Trust 2021-1, 0.75, 1.73 rated by one of the agencies, that rating was used. Portfolio composition, maturity distribution and credit quality are subject to 3-20-2031 change and may have changed since the date specified. Percent total may not add to 100% due to rounding. Mizuho Financial Group, Inc. Frn, 0.97, 1.36 ANNUALIZED Gross Net 7-16-2023 Year to Incept. expense expense Royal Of Canada Frn, 0.49, 1.36 TOTAL RETURNS (%) 3 Month date 1 year 3 year 5 year 5-31-13 ratio ratio 1-17-2023 Institutional Shares 0.03 0.18 0.35 1.78 1.64 1.21 0.38 0.25 Chevron Corporation Frn, 1.06, 5-11-2023 1.24 Institutional Shares as of 0.16 0.21 0.65 1.92 1.69 1.24 0.38 0.25 plc, 3.00, 1-11-2022 1.22 6-30-21 Southern Edison Company Frn, 1.15 Bloomberg 6-9 Month 0.00 0.06 0.11 1.54 1.30 0.69, 4-3-2023 Treasury Bill Index2 U.s. Bank National Association Frn, 0.26, 1.14 Figures quoted represent past performance, which is no guarantee of future results, and do not 6-2-2023 reflect taxes that a shareholder may pay on an investment in a fund. Investment return, principal AG ( ), 2.80, 1.14 value, and yields of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth 4-8-2022 more or less than their original cost. Current performance may be lower or higher than the performance VENTURE CDO LTD VENTR 2016 25A ARR 1.13 data quoted and assumes the reinvestment of dividends and capital gains. Current month-end 144A, 1.15, 4-20-2029 performance is available at the funds’ website, wfam.com. Institutional Class shares are sold without a front-end sales charge or contingent deferred sales charge. Metropolitan Life Global Funding I, 1.95, 1.13 The manager has contractually committed, through 12-31-21, to waive fees and/or reimburse expenses to 9-15-2021 the extent necessary to cap the fund’s total annual fund operating expenses after fee waivers at 0.25% for Portfolio holdings are subject to change and the Institutional class. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and may have changed since the date specified. expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the The holdings listed should not be considered commitment expiration date, the cap may be increased or the commitment to maintain the cap may be recommendations to purchase or sell a terminated only with the approval of the Board of Trustees. Without this cap, the fund’s returns would have particular security. been lower. The expense ratio paid by an investor is the net expense ratio (the total annual fund operating expenses after fee waivers) as stated in the prospectus. As of August 31, 2021 Fact sheet wfam.com Conservative Income Fund

Asset class: Taxable Fixed Income

FIXED-INCOME STYLE BOX 3 Bloomberg 6-9 Month DURATION Fund Treasury Bill Ltd Mod Ext characteristics Fund Index 2

High Weighted average 0.50 years 0.60 years CREDIT QUALITY effective maturity Weighted average 2.34 years 0.59 years Medium life Effective duration 0.46 years 0.60 years Portfolio turnover 110.78% – Low Number of holdings 169 4 Fund information Bond values fluctuate in response to the financial Advisor: Wells Fargo Funds Management, LLC condition of individual issuers, general market and Sub-Advisor: Wells Capital Management, LLC economic conditions, and changes in interest rates. Fund managers/years of experience: Jeffrey L. Weaver, CFA(30); Changes in market conditions and government Andrew M. Greenberg, CFA(35); Anthony J. Melville, CFA(28) policies may lead to periods of heightened volatility in the bond market and reduced liquidity for certain Fund Inception Date: 5-31-13 bonds held by the fund. In general, when interest Institutional class rates rise, bond values fall and investors may lose CUSIP/Ticker 94987W562/WCIIX principal value. Interest rate changes and their impact Class inception date 5-31-13 on the fund and its share price can be sudden and unpredictable. The use of derivatives may reduce Distribution frequency Monthly/Daily accrual 4 returns and/or increase volatility. Certain investment 30-day SEC yield 0.19% strategies tend to increase the total risk of an 30-day SEC unsubsidized yield4 0.06% investment (relative to the broader market). This Fiscal year-end August 31 fund is exposed to foreign investment risk, mortgage- Net expense ratio 0.25% and asset-backed securities risk, and municipal Net asset value $10.02 securities risk. Consult the fund’s prospectus for additional information on these and other risks. Class/fund assets ($M) $371.55/$371.72 CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Portfolio Turnover, High portfolio turnover may result in increased expenses and higher short-term capital gains. 1. The ratings indicated are from Standard & Poor’s, Moody’s Investors Service, and/or Fitch Ratings Ltd. Credit Quality Ratings: Credit quality ratings apply to underlying holdings of the fund and not the fund itself. Standard & Poor's rates the creditworthiness of bonds, ranging from AAA (highest) to D (lowest). Standard & Poor's rates the creditworthiness of short-term notes from SP-1 (highest) to SP-3 (lowest).Moody’s rates the creditworthiness of bonds, ranging from Aaa (highest) to C (lowest). Moody’s rates the creditworthiness of short-term U.S. tax-exempt municipal securities from MIG-1/VMIG-1 (highest) to SG (lowest). Fitch rates the creditworthiness of bonds, ranging from AAA (highest) to D (lowest). Fitch rates the creditworthiness of short-term notes from F-1 (highest) to D (lowest). 2. The Bloomberg 6-9 Month Treasury Bill Index includes all publicly issued zero-coupon U.S. Treasury bills that have a remaining maturity of less than nine months and more than six, are rated investment grade, and have $250 million or more of outstanding face value. You cannot invest directly in an index. 3. Placement within the Morningstar Fixed-Income Style Box™ is based on two variables: the vertical axis shows the credit quality of the long bonds owned and the horizontal axis shows interest-rate sensitivity as measured by a bond's effective duration. For credit quality, Morningstar combines the credit rating information provided by the fund companies with an average default rate calculation to come up with a weighted-average credit quality. The weighted-average credit quality is currently a letter that roughly corresponds to the scale used by a leading NRSRO. Bond funds are assigned a style box placement of low, medium, or high based on their average credit quality. Funds with a low credit quality are those whose weighted-average credit quality is determined to be less than BBB-, medium are those less than AA- but greater or equal to BBB-, and high are those with a weighted average credit quality of AA- or higher. When classifying a bond portfolio, Morningstar first maps the NRSRO credit ratings of the underlying holdings to their respective default rates (as determined by Morningstar’s analysis of actual historical default rates). Morningstar then averages these default rates to determine the average default rate for the entire bond fund. Finally, Morningstar maps this average default rate to its corresponding credit rating along a convex curve. For municipal bond funds, Morningstar also obtains from fund companies the average effective duration. In these cases static breakpoints are utilized. These breakpoints are as follows: (i) Limited: 4.5 years or less; (ii) Moderate: more than 4.5 years but less than 7 years; and (iii) Extensive: more than 7 years. In addition, for non-US taxable and non-US domiciled fixed income funds static duration breakpoints are used: (i) Limited: less than or equal to 3.5 years; (ii)Moderate: greater than 3.5 and less than equal to 6 years; (iii) Extensive: greater than 6 years. © 2021 Morningstar. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. 4. The 30-day SEC yield is calculated with a standardized formula mandated by the SEC. The formula is based on maximum offering price per share and includes the effect of any fee waivers. Without waivers, yields would be reduced. The 30-day unsubsidized SEC yield does not reflect waivers in effect. A fund's actual distribution rate will differ from the SEC yield and any income distributions from the fund may be higher or lower than the SEC yield. 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 wfam.com. Read it carefully before investing. This material is for general informational and educational purposes only and is NOT intended to provide investment advice or a recommendation of any kind—including a recommendation for any specific investment, strategy, or plan. Wells Fargo (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company. These firms include but are not limited to Wells Capital Management, LLC, and Wells Fargo Funds Management, LLC. Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a -dealer and Member FINRA). PAR-0821-00788-IAFS120 09-21 INVESTMENT PRODUCTS: NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE © 2021 Wells Fargo & Company. All rights reserved.