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Target 2040 Fund – WFLWX

Administrator Class

CUSIP 94975G116

Share Price 02-08-16 16.45

Daily Change -0.24

YTD Return -8.46%

Morningstar Category Target Date 2036-2040

Inception Date 03-01-1994

Fund Number 0262

Net Fund Assets as of 12-31-2015 $2,036,502,380.97

Overall Morningstar Rating™ (out of 188 funds)
as of 12-31-2015
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Fund Notes

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MORNINGSTAR RATINGS™ as of 12-31-2015

Category = Target Date 2036-2040

3-year Morningstar Rating™ (out of 188 funds)   Morningstar RatingMorningstar RatingMorningstar Rating

5-year Morningstar Rating™ (out of 156 funds)   Morningstar RatingMorningstar RatingMorningstar Rating

10-year Morningstar Rating™ (out of 64 funds)   Morningstar RatingMorningstar RatingMorningstar Rating

Overall Morningstar Rating™ (out of 188 funds)   Morningstar RatingMorningstar RatingMorningstar Rating

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, based on risk-adjusted returns. Click here for more information.

Morningstar® Style Box™as of 12-31-2015
Morningstar Style Box
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Lipper Mixed-Asset Target 2040 Funds

1-year   152 out of 203

3-year   91 out of 155

5-year   77 out of 133

10-year   13 out of 54

Past performance is no guarantee of future results.


    1-year 3-year 5-year 10-year Since Inception

Target 2040 Fund       -2.61%   7.51%   6.38%   5.22%   7.34%

Dow Jones Target 2040 Index       -1.94%   8.36%   7.10%   5.97%   --

Figures quoted represent past performance, which is no guarantee of future results. 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. Click here for current month-end performance.
Administrator Class shares are sold without a front-end sales charge or contingent deferred sales charge.

"Dow Jones®" and "Dow Jones Target Date IndexesSM" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones"), have been licensed to CME Group Index Services LLC ("CME Indexes") and have been sublicensed for use for certain purposes by Global Index Advisors, Inc, and Wells Fargo Funds Management, LLC. The Wells Fargo Advantage Dow Jones Target Date FundsSM based on the Dow Jones Target Date IndexesSM, are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective affiliates and none of them makes any representation regarding the advisability of investing in such product(s).


Net Expense Ratio – effective since 07-01-15   0.72%

Gross Expense Ratio   0.76%

The advisor has committed, through 06-30-16, to waive fees and/or reimburse expenses to the extent necessary to cap the fund's total annual fund operating expenses after fee waiver, excluding certain expenses, at 0.72%. After this time, the cap may be increased or terminated only with the approval of the Board of Trustees. Without this cap, the fund's returns would have been lower.


2014     5.13%
2013     21.37%
2012     14.25%
2011   -4.03%
2010     16.60%
2009     32.68%
2008   -36.23%
2007     7.74%
2006     14.89%
2005     6.41%

  • Not FDIC Insured
  • No Bank Guarantee
  • May Lose Value