New Wells Fargo Advantage FundsSM Family Created with Merger of Strong Funds and Wells Fargo Funds
San Francisco — April 11, 2005
Wells Fargo Funds Management, LLC – part of Wells Fargo & Company (NYSE: WFC) – said the merger of Wells Fargo Funds® and certain Strong Funds is now complete, creating a single fund family, the Wells Fargo Advantage FundsSM.The fund family is the nation’s 20th largest mutual fund company, representing more than $100 billion in assets under management, as of March 31, 2005, after Wells Fargo’s acquisition of $24 billion in mutual fund assets under management from Strong Financial Corporation completed on December 31, 2004. “The strength of Wells Fargo Advantage Funds rests on the talent of our people,” said Karla Rabusch, president of Wells Fargo Advantage Funds. “We look for money managers that have deep experience in a particular investment style. We believe this approach can offer investors added confidence when pursuing a diversified, long-term investment strategy.” “With the completion of the fund merger, our line-up of 120 funds spans all asset classes and investment styles,” said Andrew Owen, SVP, Wells Fargo Advantage Funds. “Because we utilize subadvisors, Wells Fargo Advantage Funds offers institutional and individual investors access to an expanded pool of potential money managers, while giving us the flexibility and freedom to hire firms with specialized investment capabilities and proven track records.”About Wells Fargo & Company Wells Fargo & Company is a diversified financial services company with $428 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,000 stores and the internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only bank in the United States to currently receive the highest possible credit rating, “Aaa,” issued by Moody’s Investors Service in 2003.For more complete information about the Wells Fargo Advantage Funds SM, obtain a current prospectus by calling 1-800-222-8222, contacting your investment professional, or by visiting www.wellsfargo.com/advantagefunds. Consider the investment objectives, risks, charges and expenses of the investment carefully before investing. This and other information about Wells Fargo Advantage FundsSM can be found in a current prospectus. Please 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 the Wells Fargo Advantage FundsSM. Other affiliates of Wells Fargo & Company provide sub-advisory and other services for the Funds. The Funds are distributed by Wells Fargo Funds Distributor, LLC, Member NASD/SIPC, an affiliate of Wells Fargo & Company.
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE