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Wells Fargo Advantage Asia Pacific Fund and Wells Fargo Advantage Intermediate Tax-Free Fund Win Lipper Awards

SAN FRANCISCO, CA – April 10, 2008 – For the third consecutive year, Wells Fargo Advantage Funds® have been named a recipient of an annual Lipper Fund Award. This year, the Wells Fargo Advantage Asia Pacific Fund has been recognized as the Best Pacific Region Fund over the three-year period and the Wells Fargo Advantage Intermediate Tax-Free Fund has been named the Best Intermediate Municipal Debt Fund over the five-year period by Lipper, Inc.

"We've always strived to provide clients with management teams who are best of the breed in their respective areas of expertise," said Karla Rabusch, president of Wells Fargo Advantage Funds. "We believe our history of wining these awards validates our rigorous manager selection and investment process."

The Wells Capital Management Asia Pacific Equity team, led by portfolio manager Anthony Cragg, oversees the Wells Fargo Advantage Asia Pacific Fund. Cragg has managed the Fund since its inception in 1993 and has more than 25 years of experience in international equity investing, including developed and emerging markets.

The Wells Capital Management Municipal and Customized Fixed Income team, led by portfolio manager Lyle Fitterer, oversees the Wells Fargo Advantage Intermediate Tax-Free Fund. Fitterer has more than 18 years of experience in the investments industry. The same Fund was also the 2006 winner of the Lipper Fund Award for its consistent return over the three-year period in the Intermediate Municipal Debt category.

In 2007, the Wells Fargo Advantage WealthBuilder Tactical Equity Portfolio was recognized by Lipper as the Best Large-Cap Growth Fund over the three-year period. The Wells Capital Management WealthBuilder Portfolio management team, led by portfolio managers Jeffrey Mellas, Galen Blomster, and Doug Beath, manage the Fund, applying their proprietary Tactical Equity Allocation (TEA) Model to the Portfolio.

For each of the three-, five-, and ten-year periods, Lipper presents annual awards to funds in each Lipper category for the consistent achievement of strong, risk-adjusted returns.

About the Lipper Awards
The Lipper Fund Awards are awarded to funds in 21 countries in Asia, Europe, and the Americas. Lipper designates award-winning funds in most individual classifications for the three-, five-, and ten-year periods. In addition, the Lipper Fund Awards program spotlights fund families with high average scores for all funds within a particular asset class or overall.

Lipper Leader scores are derived from highly sophisticated formulas that analyze funds against clearly defined criteria. Funds are compared to similar funds, and only those that truly stand out are awarded Lipper Leader status. Funds are ranked against their peers on each five measures: Total Return, Consistent Return, Preservation, Tax Efficiency, and Expense. Source: Lipper

Stock fund values fluctuate in response to the activities of individual companies and general market and economic conditions. Bond fund values fluctuate in response to the financial condition of individual issuers, general market and economic conditions, and changes in interest rates. In general, when interest rates rise, bond fund values fall and investors may lose principal value. Some funds, including nondiversified funds and funds investing in foreign investments, high-yield bonds, small and mid cap stocks, and/or more volatile segments of the economy, entail additional risk and may not be appropriate for all investors. Consult a Fund's prospectus for additional information on these and other risks.

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