Wells Fargo's Social Sustainability, Health Care funds to liquidate

By Toni Weeks

San Diego, Feb. 9 - The board of trustees of Wells Fargo Funds Trust has approved the liquidation of the Wells Fargo Advantage Social Sustainability Fund and the Wells Fargo Advantage Health Care Fund. The liquidation pertains to the class A, class C and administrator class shares of both funds as well as class B shares of the Health Care Fund.

According to a 497 filing with the Securities and Exchange Commission, the liquidations, which were approved after a review of each fund's long-term viability and current and projected size, are expected to occur on March 28, at which time shareholders will have their shares completely redeemed and will receive a distribution of their account proceeds including accrued dividends.

Effective Feb. 10, the funds will be closed to new investors and to additional investments from existing shareholders. Shareholders of class A shares of the fund may use the proceeds from the redemption of shares to purchase, without a front-end sales charge, class A shares of any other Wells Fargo Advantage fund. This sales charge waiver will be effective for 60 days following the date of the liquidation.

Any class A, class B or class C shares that are redeemed on or before the business day immediately preceding the liquidation date will be subject to any applicable contingent deferred sales charges. However, shareholders who hold their class A, class B and class C shares through the liquidation of the fund will not be charged a contingent deferred sales charge.

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

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