Wells Fargo Advantage Mid Cap Dis Inv (SMCDX)

Fund Fact Sheet 12-31-09 09-30-09 06-30-2009 03-31-2009 Prospectus Fact Sheet Explanation

Fund Summary The investment seeks long term capital appreciation. The fund principally invests in equity securities of medium-capitalization companies that believed present attractive opportunities, but have not been widely recognized by investment analysts or the financial press. Medium-capitalization companies are defined as companies whose market capitalization is substantially similar to that of companies in the Russell Midcap index. It normally invests at least 80% of assets in securities of medium-capitalization companies and up to 25% of total assets in foreign securities.

Fund Management Bryant VanCronkhite, Lead Manager since 22-Jan-09
VanCronkhite is responsible for managing the Strategic Small Cap Value Fund. He has managed since 2009, when he became a co-Portfolio Manager with the Disciplined Value Equity Team at Wells Capital Management. Prior to his current role, he was a senior research analyst on the Disciplined Value Equity Team from 2004 to 2009. Prior to joining Wells Capital Management, VanCronkhite was a mutual fund accountant for Strong Capital Management.VanCronkhite holds the Chartered Financial Analyst designation.