China a Focus Fund Asset Class: Emerging Markets Equity

Home , China Merchants Bank, Kweichow Moutai, Ping An Insurance

Wells Fargo (Lux) Worldwide Fund | Marketing Communication | 31 August 2021 | Monthly fact sheet—Europe China A Focus Fund Asset class: emerging markets equity

Investment objectives and process Overall Morningstar rating ● The fund seeks long-term ★ ★ ★ ★ capital appreciation.

● The OverallMorningstar Rating, a weighted average of the three-, five- and ten-year(if applicable) ratings, isout of238 funds in the China The fund invests at least two-thirds of its Equity - A Shares category, based on risk-adjusted returnsas of 31 August 2021. total assets in equity securities of Chinese © 2021Morningstar. All rightsreserved. The information contained herein is proprietary to Morningstar and/orits contentproviders; may not companies listed on the Shanghai Stock be copied ordistributed; and is not warranted to be accurate, complete, or timely. Neither Morningstarnor its content providers are Exchange or Shenzhen Stock Exchange responsible forany damagesor losses arising from any use of this information. Pastperformance is no guarantee of future results. (commonly known as China A shares). ● The fund's sub-adviser seeks Chinese Performance (%) companies with promising business models, well-run operations, solid Annualized management, strong financials and 1 month 3 months Year to date 1 year 3 year 5 year 10 year Since incep. attractive valuations. 30 ● 20.34

The fund may invest: 18.32 14.95 20 14.52 ● 12.97 in smaller, emerging companies as well 12.50 9.86 8.70 8.11 as larger, more established companies in 10 5.98 1.09 growing economic sectors 0.57 0.55 0 ● up to an aggregate of 100% of total assets both directly and indirectly in -10 -0.77 -5.78 -8.08 China A-shares -20

1 Fund information Class A (USD) (30 Jan 2009)* MSCI China A Onshore (Net) Fund managers: Alison Shimada; Elaine Tse; Connie Ou, CFA Calendar-year performance (%) CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute. 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 Fund inception date: 30 January 2009 Class A (USD) (30 Jan 2009)* 44.88 16.39 -16.34 47.04 -4.25 0.23 6.61 11.06 22.23 -21.29 1 Financial year-end: 31 March MSCI China A Onshore (Net) 40.04 37.48 -32.99 20.28 -19.11 7.08 46.53 0.75 9.48 -22.91 Fund size: $20.06m (USD) Past performance is not indicative of future results. Performance calculationsare net ofall applicable feesand are calculated on an offer-to-bid basis(with income re-invested). *Share class inception date. Base currency: USD 1 Returnsdo notreflectthe imposition of the sales charge applicable to ClassA shares. While the Fund doesnotcurrently impose a salescharge, Benchmark: MSCI China A Onshore (Net) the bank, sub-distributororfinancialinstitution through whom you purchase sharesmay apply a sales charge up to 5.00%. Dealer cutoff Luxembourg: 10pm United States: 4pm ET Sector weights (%) Key statistics Minimum investment: Compared to benchmark 1 Fund Class A: $1,000 (USD) or equivalent value Information technology 19.36 +2.10 Sharpe ratio 0.65 Class I: $1,000,000 (USD) or equivalent value Financials 17.40 -0.65 Standard deviation 21.29% Class Z: 1,000 (GBP) or equivalent value Industrials 15.15 -0.34 Key statistics are based on the net returns calculated overa Consumer discretionary 11.08 +2.77 36-month period forthe share class shown in the performance Materials 10.72 -2.50 table. Health care 10.24 +0.77 Consumer staples 8.31 -3.44 Real estate 3.24 +1.35 Energy 1.25 -0.25 Cash & equivalents 3.24 +3.24 Sector weightsbased on ending weights as of month-end. Source: FactSet.

MSCI China A Onshore (Net) is a reference benchmark, selected as the most appropriate comparison for this fund and may change without notice. 1. Effective 31 March 2020, the benchmark was changed from MSCI China Index to MSCI China AOnshore Index. The MSCI ChinaA Onshore Indexcaptures large and mid cap representation across China securities listed on the Shanghaiand Shenzhen exchanges. You cannotinvest directlyin an index. Source: MSCI. MSCI makes no expressorimplied warranties orrepresentationsand shallhave no liability whatsoeverwith respectto any MSCI data contained herein. The MSCI data may not be further re-distributed or used asa basis forotherindexesorany For Professional/Qualified Investors only securitiesorfinancialproducts. This reportis not approved, reviewed orproduced by MSCI. Wells Fargo (Lux) Worldwide Fund | Marketing Communication | 31 August 2021 | Monthly fact sheet—Europe China A Focus Fund Asset class: emerging markets equity

Risk and reward profile Largest holdings (%) Valuation analysis

1 Lower risk Higher risk Fund Fund Benchmark Typically lower rewards Typically higher rewards China Merchants Bank Co., Ltd. Class A 3.40 Weighted average US$48.45bn US$45.90bn Postal Savings Bank of China Co., Ltd. Class A 3.14 market cap Ping An Insurance (Group) Company of China, Weighted median 2.88 US$30.87bn US$18.83bn 1 2 3 4 5 6 7 Ltd. Class A market cap Contemporary Amperex Technology Co., Ltd. EPS growth (3- to 5-year This indicatorrepresents the risk and reward profile presented in 2.81 20.86% 20.69% the Key Information Document. Itis notguaranteed and may Class A forecast) change during the month. Sungrow Power Supply Co., Ltd. Class A 2.63 P/E ratio (trailing 12-month) 20.47x 19.69x Xinyangfeng Agricultural Technology Co., Ltd. P/B ratio 2.72x 2.46x 2.58 Class A P/S ratio 3.16x 2.68x Key risks Will Semiconductor Ltd. Class A 2.54 Number of equity holdings 58 707 Market risk: securities may decline in value Kweichow Moutai Co., Ltd. Class A 2.51 Sources: FactSet and Wells Fargo AssetManagement. due to factors affecting securities markets iflytek Co., Ltd. Class A 2.48 generally, and equity securities generally have Luxshare Precision Industry Co. Ltd. Class A 2.48 greater price volatility than debt securities. Based on ending weights as of month-end. Source: FactSet. The information shown isnotintended to be, nor should it be Mainland China investment risk: construed to be, a recommendation to buy orsell an individual investments in equity securities of Chinese security. companies involve risks due to restrictions imposed on foreign investors, greater market volatility and a risk of lack of liquidity lines. Holding market capitalisation (%) Stock Connect risk: investments in China 27.38 - Mega cap (US$50bn A-shares through Stock Connect are subject and above) to risks associated with quota limitations, 48.48 - Large potential suspension of trading and possible cap (US$10bn–US$50bn) restrictions on trading, among others. 22.50 - Medium Smaller company securities risk: securities cap (US$2bn–US$10bn) of companies with smaller market 1.64 - Small capitalisations tend to be more volatile and cap (US$300m–US$2bn) less liquid than securities of larger companies. Based on ending weights as of month-end. Source: FactSet. Emerging market risk: emerging markets may be more sensitive than more mature markets to a variety of economic factors and Share class information may be less liquid than markets in the Inception Annual Mgmt developed world. date Type ISIN Bloomberg ID NAV Fee TER (%)** Class A (USD) 30 Jan 2009 Accumulating LU0405327148 WFCHNAU LX 464.15 1.50 1.800 Class I (USD) 30 Jan 2009 Accumulating LU0405327494 WFCHNIU LX 509.85 0.85 1.150 Class I (EUR) 30 Jan 2009 Accumulating LU0405327817 WFCHNIE LX 429.98 0.85 1.150 Class I (GBP) 2 Apr 2009 Accumulating LU0420458530 WFCHNIG LX 327.48 0.85 1.150 Class Z (GBP) 31 Oct 2012 Accumulating LU0851224369 WFCHNZG LX 317.84 0.85 1.150 Class A (SEK) 28 Jun 2013 Accumulating LU0944313872 WFCASEK LX 2,215.08 1.50 1.800 **Based on the fund’slatest audited accounts Share class and currency availability variesby jurisdiction. Performance may differ from share class shown. Contact yourWFAM representative or visit wellsfargoassetmanagement.com for more information.

Effective 12 February 2021, the fund’s name was changed from the Wells Fargo (Lux) Worldwide Fund –China Equity Fund to the WellsFargo (Lux) Worldwide Fund – China AFocusFund. MSCI China A Onshore (Net) is a reference benchmark, selected as the most appropriate comparison for this fund and may change without notice. 1. Effective 31 March 2020, the benchmark was changed from MSCI China Index to MSCI China AOnshore Index. The MSCI ChinaA Onshore Indexcaptures large and mid cap representation across China securities listed on the Shanghaiand Shenzhen exchanges. You cannotinvest directlyin an index. Source: MSCI. MSCI makes no expressorimplied warranties orrepresentationsand shallhave no liability whatsoeverwith respectto any MSCI data contained herein. The MSCI data may not be further re-distributed or used asa basis forotherindexesorany securitiesorfinancialproducts. This reportis not approved, reviewed orproduced by MSCI. Wells Fargo (Lux) Worldwide Fund | Marketing Communication | 31 August 2021 | Monthly fact sheet—Europe China A Focus Fund Asset class: emerging markets equity

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