Wells Fargo's Small Cap Opportunities Fund redefines 'small cap'

By Toni Weeks

San Diego, Feb. 9 - The Wells Fargo Advantage Small Cap Opportunities Fund has amended its definition of small-capitalization companies, according to a 497 filing with the Securities and Exchange Commission.

Effective April 1, the fund will consider small-cap companies to be those with market caps within the range of the Russell 2500 Index at the time of purchase. As of June 30, 2011, that cap range was $76.4 million to $7.4 billion. The range is expected to change frequently.

Previously, the fund considered small cap companies to be those with market capitalizations of $3 billion or less.

San Francisco-based Wells Fargo Funds Management, LLC is the investment adviser to the fund.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.