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International Equity Fund (WFENX) 

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All data as of 1-31-19 unless otherwise noted.

NAV as of 2-22-19 Daily change Daily change
$11.73 $0.08 0.69%

Morningstar RatingTM
Overall Rating This is a 4 star fund.

Based on risk-adjusted return through 01-31-19
Foreign Large Value category (275 funds)

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The Overall Morningstar Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and ten-year (if applicable) ratings.

Ticker WFENX
CUSIP 94984B348
Fund number 4117
YTD return as of 2-22-19 10.45%
Fund inception date 9-6-79
Share class inception date 3-9-98
Net fund assets as of 2-22-19 341144384

Fund highlights

    • Maintains a core equity style that emphasizes bottom-up stock selection based on rigorous, in-depth, fundamental company research and incorporates top-down factors and developments as they affect market and economic activity within regions, countries, and sectors.
    • Uses a bottom-up research process that targets fundamentally improving companies with underestimated growth potential or those trading at discounts to their intrinsic values. The top-down analysis identifies factors that may affect different industries and the operations, opportunities, and success of individual companies.
    • Applies a dynamic investment approach within a disciplined process that provides broad exposure to international markets by employing an all-cap research process. The strategy is focused primarily on larger-cap companies and secondarily on smaller-cap and emerging markets stocks.
    • Diversity across size and style: The team invests across the market-capitalization spectrum and between growth and value stocks seeking to maximize the benefits of tactical opportunities that are frequently created by macroeconomic events.
    • Opportunistic investment in both growth and value stocks: Growth investments provide the opportunity to capitalize on accelerating cash flows that are being driven by company catalysts, such as new products, changing management teams, or improving secular business dynamics. Value investments create the opportunity to profit from mispricings between a company's stock price and its intrinsic value.
    • Emphasis on fundamental research: The team's approach prioritizes the fundamental analytical process by incorporating top-down macroeconomic research guides and taking advantage of changing economic conditions over a business cycle to capture improving tailwinds and to minimize the impact of cyclical headwinds.


    Dale Winner, CFA
    32 years of investment experience

    Venkateshwar "Venk" Lal
    28 years of investment experience

    Total returns (%)

        3 month Year to date 1 year 3 year 5 year 10 year Since inception
    International Equity Fund NAV 0.73 7.91 -16.16 7.29 3.53 7.30 7.48
    as of 12-31-18
    -13.36 -16.93 -16.93 2.58 1.03 5.27 7.29
    MSCI All Country World Index ex USA Net (USD) 3.66 7.56 -12.58 9.59 3.11 8.35

    Three-month and year-to-date returns are not annualized.

    Figures quoted represent past performance, which is no guarantee of future results, and do not reflect taxes that a shareholder may pay on a fund. 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.

    Net asset value (NAV) is the value of one share of the fund excluding any sales charges.

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

    Does not include sales charges and assumes reinvestment of dividends and capital gains. If sales charges were included, returns would be lower.

    Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. Foreign investments are especially volatile and can rise or fall dramatically due to differences in the political and economic conditions of the host country. These risks are generally intensified in emerging markets. 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). This fund is exposed to smaller-company securities risk. Consult the fund's prospectus for additional information on these and other risks.