Wells Fargo to launch Wells Fargo Advantage Conservative Income Fund

By Toni Weeks

San Luis Obispo, Calif., March 8 - Wells Fargo Funds Trust announced in an N-1A filing with the Securities and Exchange Commission that it will offer in June a new fund that invests in debt securities.

The Wells Fargo Advantage Conservative Income Fund will seek current income consistent with capital preservation. Under normal conditions, it will invests substantially all of its net assets in high-quality, dollar-denominated, short-term fixed-, floating- and variable-rate debt securities. While the fund may invest in securities with a maximum maturity, average life or demand feature of 3.25 years, its dollar-weighted average effective maturity is expected to be one year or less.

Andrew M. Greenberg, Anthony J. Melville and Jeffrey L. Weaver will be the portfolio managers.

The ticker symbol has not yet been set.

There will be no shareholder fees. Including 0.20% management fees, and taking into account a fee waiver agreement with the investment adviser, total annual fund operating expenses are expected to be 0.27%.

San Francisco-based Wells Fargo Funds Management, LLC will serve as the fund's investment adviser.

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