UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY
SCHEDULE OF PORTFOLIO HOLDINGS
OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-09253
Wells Fargo
Funds Trust
(Exact name of registrant as specified in charter)
525 Market Street, 12
th
Floor, San Francisco, CA 94105
(Address of principal executive offices) (Zip code)
C. David
Messman
Wells Fargo Funds Management, LLC
525 Market Street, 12
th
Floor, San Francisco, CA 94105
(Name and address of agent for service)
Registrants telephone number, including area code: 800-222-8222
Date of fiscal year end: Registrant is making a filing for 17 of its series, Wells Fargo Advantage Growth Balanced Fund, Wells Fargo Advantage Moderate
Balanced Fund, Wells Fargo Advantage C&B Large Cap Value Fund, Wells Fargo Advantage Diversified Equity Fund, Wells Fargo Advantage Emerging Growth Fund, Wells Fargo Advantage Index Fund, Wells Fargo Advantage International Value Fund, Wells
Fargo Advantage Small Company Growth Fund, Wells Fargo Advantage Small Company Value Fund, Wells Fargo Advantage Core Bond Fund, Wells Fargo Advantage Inflation-Protected Bond Fund, Wells Fargo Advantage WealthBuilder Conservative Allocation
Portfolio, Wells Fargo Advantage WealthBuilder Equity Portfolio, Wells Fargo Advantage WealthBuilder Growth Allocation Portfolio, Wells Fargo Advantage WealthBuilder Growth Balanced Portfolio, Wells Fargo Advantage WealthBuilder Moderated Balanced
Portfolio, and Wells Fargo Advantage WealthBuilder Tactical Equity Portfolio. Each series had a May 31 fiscal year end.
Date of reporting period:
August 31, 2013
ITEM 1. INVESTMENTS
|
|
|
Wells Fargo Advantage Growth Balanced Fund
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
|
|
|
|
Security name
|
|
Value
|
|
Investment Companies : 98.98%
|
|
|
|
|
Affiliated Master Portfolios : 98.98%
|
|
|
|
|
Wells Fargo Advantage C&B Large Cap Value Portfolio
|
|
$
|
12,858,595
|
|
Wells Fargo Advantage Core Bond Portfolio
|
|
|
16,761,358
|
|
Wells Fargo Advantage Diversified Large Cap Growth Portfolio
|
|
|
38,750,766
|
|
Wells Fargo Advantage Emerging Growth Portfolio
|
|
|
3,896,638
|
|
Wells Fargo Advantage Index Portfolio
|
|
|
38,536,623
|
|
Wells Fargo Advantage Inflation-Protected Bond Portfolio
|
|
|
8,332,250
|
|
Wells Fargo Advantage International Growth Portfolio
|
|
|
11,469,149
|
|
Wells Fargo Advantage International Value Portfolio
|
|
|
11,444,622
|
|
Wells Fargo Advantage Large Company Value Portfolio
|
|
|
25,669,341
|
|
Wells Fargo Advantage Managed Fixed Income Portfolio
|
|
|
58,654,312
|
|
Wells Fargo Advantage Small Company Growth Portfolio
|
|
|
3,849,303
|
|
Wells Fargo Advantage Small Company Value Portfolio
|
|
|
7,641,915
|
|
Total Investment Companies (Cost $222,357,082)
|
|
|
237,864,872
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yield
|
|
|
Maturity date
|
|
|
Principal
|
|
|
|
|
Short-Term Investments : 1.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Securities : 1.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Bill (z)#
|
|
|
|
|
|
|
0.04
|
%
|
|
|
9-5-2013
|
|
|
$
|
3,000,000
|
|
|
|
2,999,993
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments (Cost $2,999,993)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,999,993
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments in securities (Cost $225,357,075)*
|
|
|
100.23
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
240,864,865
|
|
Other assets and liabilities, net
|
|
|
(0.23
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(562,270
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net assets
|
|
|
100.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
240,302,595
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(z)
|
Zero coupon security. Rate represents yield to maturity at time of purchase.
|
#
|
All or a portion of this security is segregated as collateral for investments in derivative instruments.
|
*
|
Cost for federal income tax purposes is $226,860,481 and unrealized appreciation (depreciation) consists of:
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
14,004,384
|
|
Gross unrealized depreciation
|
|
|
0
|
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
14,004,384
|
|
1
Wells Fargo Advantage Growth Balanced Fund (the Fund)
Notes to Portfolio of investments August 31, 2013 (unaudited)
Securities valuation
All investments are valued each
business day as of the close of regular trading on the New York Stock Exchange (normally 4 p.m. Eastern Time).
Investments in the Master Portfolios are
valued daily based on the Funds proportionate share of each Master Portfolios net assets, which are also valued daily.
Short-term securities
with maturities of 60 days or less generally are valued at amortized cost which approximates fair value. The amortized cost method involves valuing a security at its cost, plus accretion of discount or minus amortization of premium over the period
until maturity.
Futures contracts
The Fund may be
subject to interest rate risk and equity price risk in the normal course of pursuing its investment objectives. The Fund may buy and sell futures contracts in order to gain exposure to, or protect against changes in, security values and interest
rates. The primary risks associated with the use of futures contracts are the imperfect correlation between changes in market values of securities held by the Fund and the prices of futures contracts, and the possibility of an illiquid market.
Futures contracts are valued based upon their quoted daily settlement prices when available. The aggregate principal amounts of the contracts are not recorded
in the financial statements. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset or liability and in the Statement of Operations as unrealized gains or losses until the contracts are closed,
at which point they are recorded as net realized gains or losses on futures contracts. With futures contracts, there is minimal counterparty risk to the Fund since futures are exchange traded and the exchanges clearinghouse, as counterparty to
all exchange traded futures, guarantees the futures against default.
Fair valuation measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs
utilized in determining the value of the Funds investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to significant
unobservable inputs (Level 3). The Funds investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three broad levels as
follows:
|
Level 1
|
quoted prices in active markets for identical securities
|
|
Level 2
|
other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, use of amortized cost, etc.)
|
|
Level 3
|
significant unobservable inputs (including the Funds own assumptions in determining the fair value of investments)
|
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those
securities.
As of August 31, 2013, the inputs used in valuing investments in securities were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in securities
|
|
Quoted prices
(Level 1)
|
|
|
Significant
other
observable inputs
(Level 2)
|
|
|
Significant
unobservable
inputs
(Level 3)
|
|
|
Total
|
|
Equity securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment companies
|
|
$
|
0
|
|
|
$
|
237,864,872
|
|
|
$
|
0
|
|
|
$
|
237,864,872
|
|
Short-term investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities
|
|
|
0
|
|
|
|
2,999,993
|
|
|
|
0
|
|
|
|
2,999,993
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
0
|
|
|
$
|
240,864,865
|
|
|
$
|
0
|
|
|
$
|
240,864,865
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of August 31, 2013, the inputs used in valuing the Funds other financial instruments were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other financial instruments
|
|
Quoted prices
(Level 1)
|
|
|
Significant
other
observable inputs
(Level 2)
|
|
|
Significant
unobservable
inputs
(Level 3)
|
|
|
Total
|
|
Futures contracts
+
|
|
$
|
229,487
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
229,487
|
|
+
|
Futures contracts are presented at the unrealized gains or losses on the instrument.
|
Transfers in and transfers out are recognized at the end of the reporting period. For the three months
ended August 31, 2013, the Fund did not have any transfers into/out of Level 1, Level 2, or Level 3.
Derivative transactions
As of August 31, 2013, the Fund entered into futures contracts to gain market exposure to certain asset classes consistent with an active asset allocation
strategy.
At August 31, 2013, the Fund had long and short futures contracts outstanding as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expiration date
|
|
|
Contracts
|
|
|
Type
|
|
Contract
value at
August 31, 2013
|
|
|
Unrealized
gains (losses)
|
|
|
9-19-2013
|
|
|
|
88 Long
|
|
|
S&P 500 Index
|
|
$
|
35,888,600
|
|
|
$
|
600,798
|
|
|
12-19-2013
|
|
|
|
275 Short
|
|
|
30-Year U.S. Treasury Bonds
|
|
|
36,274,219
|
|
|
|
(371,311
|
)
|
|
|
|
Wells Fargo Advantage Moderate Balanced Fund
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Value
|
|
Investment Companies : 99.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliated Master Portfolios : 99.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage C&B Large Cap Value Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
5,380,979
|
|
Wells Fargo Advantage Core Bond Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,733,148
|
|
Wells Fargo Advantage Diversified Large Cap Growth Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,235,909
|
|
Wells Fargo Advantage Emerging Growth Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,638,240
|
|
Wells Fargo Advantage Index Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,137,733
|
|
Wells Fargo Advantage Inflation-Protected Bond Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,317,217
|
|
Wells Fargo Advantage International Growth Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,804,195
|
|
Wells Fargo Advantage International Value Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,810,262
|
|
Wells Fargo Advantage Large Company Value Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,736,274
|
|
Wells Fargo Advantage Managed Fixed Income Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
51,538,184
|
|
Wells Fargo Advantage Small Company Growth Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,615,884
|
|
Wells Fargo Advantage Small Company Value Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,196,713
|
|
Wells Fargo Advantage Stable Income Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,537,070
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Companies (Cost $155,241,098)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
162,681,808
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yield
|
|
|
Maturity date
|
|
|
Principal
|
|
|
|
|
Short-Term Investments : 0.79%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Securities : 0.79%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Bill #(z)
|
|
|
|
|
|
|
0.02
|
%
|
|
|
9-5-2013
|
|
|
$
|
1,300,000
|
|
|
|
1,299,997
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments (Cost $1,299,997)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,299,997
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments in securities (Cost $156,541,095)*
|
|
|
100.04
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
163,981,805
|
|
Other assets and liabilities, net
|
|
|
(0.04
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(69,724
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net assets
|
|
|
100.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
163,912,081
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
#
|
All or a portion of this security is segregated as collateral for investments in derivative instruments.
|
(z)
|
Zero coupon security. Rate represents yield to maturity at time of purchase.
|
*
|
Cost for federal income tax purposes is $155,942,517 and unrealized appreciation (depreciation) consists of:
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
8,970,675
|
|
Gross unrealized depreciation
|
|
|
(931,387
|
)
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
8,039,288
|
|
1
Wells Fargo Advantage Moderate Balanced Fund (the Fund)
Notes to Portfolio of investments August 31, 2013 (unaudited)
Securities valuation
All investments are valued each
business day as of the close of regular trading on the New York Stock Exchange (normally 4 p.m. Eastern Time).
Investments in the Master Portfolios are
valued daily based on the Funds proportionate share of each Master Portfolios net assets, which are also valued daily.
Short-term securities
with maturities of 60 days or less generally are valued at amortized cost which approximates fair value. The amortized cost method involves valuing a security at its cost, plus accretion of discount or minus amortization of premium over the period
until maturity.
Investments which are not valued using any of the methods discussed above are valued at their fair value, as determined by procedures
established in good faith and approved by the Board of Trustees. The Board of Trustees has established a Valuation Committee comprised of the Trustees and has delegated to it the authority to take any actions regarding the valuation of portfolio
securities that the Valuation Committee deems necessary or appropriate, including determining the fair value of portfolio securities, unless the determination has been delegated to the Management Valuation Team of Wells Fargo Funds Management, LLC
(Funds Management). The Board of Trustees retains the authority to make or ratify any valuation decisions or approve any changes to the Valuation Procedures as it deems appropriate. On a quarterly basis, the Board of Trustees receives
reports on any valuation actions taken by the Valuation Committee or the Management Valuation Team which may include items for ratification.
Valuations
of fair valued securities are compared to the next actual sales price when available, or other appropriate market information to assess the continued appropriateness of the fair valuation methodology used. These securities are fair valued on a
day-to-day basis, taking into consideration changes to appropriate market information and any significant changes to the input factors considered in the valuation process until there is a readily available price provided on the exchange or by an
independent pricing service. Valuations received from an independent pricing service or broker quotes are periodically validated by comparisons to most recent trades and valuations provided by other independent pricing services in addition to the
review of prices by the adviser and/or subadviser. Unobservable inputs used in determining fair valuations are identified based on the type of security, taking into consideration factors utilized by market participants in valuing the investment,
knowledge about the issuer and the current market environment.
Futures contracts
The Fund may be subject to interest rate risk and equity price risk in the normal course of pursuing its investment objectives. The Fund may buy and sell
futures contracts in order to gain exposure to, or protect against changes in, security values and interest rates. The primary risks associated with the use of futures contracts are the imperfect correlation between changes in market values of
securities held by the Fund and the prices of futures contracts, and the possibility of an illiquid market.
Futures contracts are valued based upon their
quoted daily settlement prices when available. The aggregate principal amounts of the contracts are not recorded in the financial statements. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an
asset or liability and in the Statement of Operations as unrealized gains or losses until the contracts are closed, at which point they are recorded as net realized gains or losses on futures contracts. With futures contracts, there is minimal
counterparty risk to the Fund since futures are exchange traded and the exchanges clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default.
Fair valuation measurements
Fair value measurements of
investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs utilized in determining the value of the Funds investments. The three-level hierarchy gives the highest priority to
unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to significant unobservable inputs (Level 3). The Funds investments are classified within the fair value hierarchy based on the
lowest level of input that is significant to the fair value measurement. The inputs are summarized into three broad levels as follows:
|
Level 1
|
quoted prices in active markets for identical securities
|
|
Level 2
|
other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, use of amortized cost, etc.)
|
|
Level 3
|
significant unobservable inputs (including the Funds own assumptions in determining the fair value of investments)
|
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those
securities.
As of August 31, 2013, the inputs used in valuing investments in securities were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in securities
|
|
Quoted prices
(Level 1)
|
|
|
Significant
other
observable inputs
(Level 2)
|
|
|
Significant
unobservable
inputs
(Level 3)
|
|
|
Total
|
|
Equity securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment companies
|
|
$
|
0
|
|
|
$
|
162,681,808
|
|
|
$
|
0
|
|
|
$
|
162,681,808
|
|
Short-term investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities
|
|
|
0
|
|
|
|
1,299,997
|
|
|
|
0
|
|
|
|
1,299,997
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
0
|
|
|
$
|
163,981,805
|
|
|
$
|
0
|
|
|
$
|
163,981,805
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of August 31, 2013, the inputs used in valuing the Funds other financial instruments were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other financial instruments
|
|
Quoted prices
(Level 1)
|
|
|
Significant
other
observable inputs
(Level 2)
|
|
|
Significant
unobservable
inputs
(Level 3)
|
|
|
Total
|
|
Futures contracts
+
|
|
$
|
100,507
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
100,507
|
|
+
|
Futures contracts are presented at the unrealized gains on the instrument.
|
Transfers in and transfers out are
recognized at the end of the reporting period. For the three months ended August 31, 2013, the Fund did not have any transfers into/out of Level 1, Level 2, or Level 3.
Derivative transactions
As of August 31, 2013, the
Fund entered into futures contracts to gain market exposure to certain asset classes consistent with an active asset allocation strategy.
At
August 31, 2013, the Fund had long and short futures contracts outstanding as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract
|
|
|
|
|
|
|
|
|
|
|
|
|
value at
|
|
|
Unrealized
|
|
Expiration date
|
|
|
Contracts
|
|
|
Type
|
|
August 31, 2013
|
|
|
gains (losses)
|
|
|
9-19-2013
|
|
|
|
40 Long
|
|
|
S&P 500 Index
|
|
$
|
16,313,000
|
|
|
$
|
266,083
|
|
|
12-19-2013
|
|
|
|
124 Short
|
|
|
30-Year U.S. Treasury Bonds
|
|
|
16,356,375
|
|
|
|
(165,576
|
)
|
|
|
|
Wells Fargo Advantage C&B Large Cap Value Fund
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
Value
|
|
Investment Companies : 99.95%
|
|
|
|
|
|
|
|
|
Affiliated Master Portfolios : 99.95%
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage C&B Large Cap Value Portfolio
|
|
|
|
|
|
$
|
281,049,627
|
|
|
|
|
|
|
|
|
|
|
Total Investment Companies (Cost $209,043,149)
|
|
|
|
|
|
|
281,049,627
|
|
|
|
|
|
|
|
|
|
|
Total investments in securities (Cost $209,043,149)*
|
|
|
99.95
|
%
|
|
|
281,049,627
|
|
Other assets and liabilities, net
|
|
|
0.05
|
|
|
|
133,913
|
|
|
|
|
|
|
|
|
|
|
Total net assets
|
|
|
100.00
|
%
|
|
$
|
281,183,540
|
|
|
|
|
|
|
|
|
|
|
*
|
Cost for federal income tax purposes is $216,490,602 and unrealized appreciation (depreciation) consists of:
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
64,559,025
|
|
Gross unrealized depreciation
|
|
|
0
|
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
64,559,025
|
|
1
Wells Fargo Advantage C&B large Cap Value Fund (the Fund)
Notes to Portfolio of investments August 31, 2013 (unaudited)
Securities
All investments are valued each business day
as of the close of regular trading on the New York Stock Exchange (normally 4 p.m. Eastern Time).
Investments in the Master Portfolios are valued daily
based on the Funds proportionate share of each Master Portfolios net assets, which are also valued daily.
Fair valuation measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data
inputs utilized in determining the value of the Funds investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to
significant unobservable inputs (Level 3). The Funds investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three broad
levels as follows:
|
Level 1
|
quoted prices in active markets for identical securities
|
|
Level 2
|
other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, use of amortized cost, etc.)
|
|
Level 3
|
significant unobservable inputs (including the Funds own assumptions in determining the fair value of investments)
|
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those
securities.
At August 31, 2013, Level 2 inputs were used in valuing the Funds investment in the affiliated Master Portfolio.
Transfers in and transfers out are recognized at the end of the reporting period. For the three months ended August 31, 2013, the Fund did not
have any transfers into/out of Level 1, Level 2, or Level 3.
|
|
|
Wells Fargo Advantage Diversified Equity Fund
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
Value
|
|
Investment Companies : 100.06%
|
|
|
|
|
|
|
|
|
Affiliated Master Portfolios : 100.06%
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage C&B Large Cap Value Portfolio
|
|
|
|
|
|
$
|
30,721,634
|
|
Wells Fargo Advantage Diversified Large Cap Growth Portfolio
|
|
|
|
|
|
|
92,499,554
|
|
Wells Fargo Advantage Emerging Growth Portfolio
|
|
|
|
|
|
|
9,289,137
|
|
Wells Fargo Advantage Index Portfolio
|
|
|
|
|
|
|
92,082,345
|
|
Wells Fargo Advantage International Growth Portfolio
|
|
|
|
|
|
|
27,247,961
|
|
Wells Fargo Advantage International Value Portfolio
|
|
|
|
|
|
|
27,257,054
|
|
Wells Fargo Advantage Large Company Value Portfolio
|
|
|
|
|
|
|
61,348,071
|
|
Wells Fargo Advantage Small Company Growth Portfolio
|
|
|
|
|
|
|
9,190,402
|
|
Wells Fargo Advantage Small Company Value Portfolio
|
|
|
|
|
|
|
18,192,596
|
|
|
|
|
|
|
|
|
|
|
Total Investment Companies (Cost $322,816,523)
|
|
|
|
|
|
|
367,828,754
|
|
|
|
|
|
|
|
|
|
|
Total investments in securities (Cost $322,816,523)*
|
|
|
100.06
|
%
|
|
|
367,828,754
|
|
Other assets and liabilities, net
|
|
|
(0.06
|
)
|
|
|
(217,352
|
)
|
|
|
|
|
|
|
|
|
|
Total net assets
|
|
|
100.00
|
%
|
|
$
|
367,611,402
|
|
|
|
|
|
|
|
|
|
|
*
|
Cost for federal income tax purposes is $289,630,437 and unrealized appreciation (depreciation) consists of:
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
88,272,853
|
|
Gross unrealized depreciation
|
|
|
(10,074,536
|
)
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
78,198,317
|
|
1
Wells Fargo Advantage Diversified Equity Fund (the Fund)
Notes to Portfolio of investments August 31, 2013 (unaudited)
Securities valuation
All investments are valued each
business day as of the close of regular trading on the New York Stock Exchange (normally 4 p.m. Eastern Time).
Investments in the Master Portfolios are
valued daily based on the Funds proportionate share of each Master Portfolios net assets, which are also valued daily.
Fair valuation
measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the
various data inputs utilized in determining the value of the Funds investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest
priority to significant unobservable inputs (Level 3). The Funds investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into
three broad levels as follows:
|
Level 1
|
quoted prices in active markets for identical securities
|
|
Level 2
|
other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, use of amortized cost, etc.)
|
|
Level 3
|
significant unobservable inputs (including the Funds own assumptions in determining the fair value of investments)
|
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those
securities.
At August 31, 2013, Level 2 inputs were used in valuing the Funds investments in each affiliated Master Portfolio.
Transfers in and transfers out are recognized at the end of the reporting period. For the three months ended August 31, 2013, the Fund did not
have any transfers into/out of Level 1, Level 2, or Level 3.
|
|
|
Wells Fargo Advantage Emerging Growth Fund
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
Value
|
|
Investment Companies : 99.99%
|
|
|
|
|
|
|
|
|
Affiliated Master Portfolios : 99.99%
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage Emerging Growth Portfolio
|
|
|
|
|
|
$
|
1,028,245,058
|
|
|
|
|
|
|
|
|
|
|
Total Investment Companies (Cost $744,404,223)
|
|
|
|
|
|
|
1,028,245,058
|
|
|
|
|
|
|
|
|
|
|
Total investments in securities (Cost $744,404,223) *
|
|
|
99.99
|
%
|
|
|
1,028,245,058
|
|
Other assets and liabilities, net
|
|
|
0.01
|
|
|
|
86,584
|
|
|
|
|
|
|
|
|
|
|
Total net assets
|
|
|
100.00
|
%
|
|
$
|
1,028,331,642
|
|
|
|
|
|
|
|
|
|
|
*
|
Cost for federal income tax purposes is $743,049,779 and unrealized appreciation (depreciation) consists of:
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
285,195,279
|
|
Gross unrealized depreciation
|
|
|
0
|
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
285,195,279
|
|
1
Wells Fargo Advantage Emerging Growth Fund (the Fund)
Notes to Portfolio of investments August 31, 2013 (unaudited)
Securities valuation
All investments are valued each
business day as of the close of regular trading on the New York Stock Exchange (normally 4 p.m. Eastern Time).
Investments in the Master Portfolios are
valued daily based on the Funds proportionate share of each Master Portfolios net assets, which are also valued daily.
Fair valuation
measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the
various data inputs utilized in determining the value of the Funds investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest
priority to significant unobservable inputs (Level 3). The Funds investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into
three broad levels as follows:
|
Level 1
|
quoted prices in active markets for identical securities
|
|
Level 2
|
other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, use of amortized cost, etc.)
|
|
Level 3
|
significant unobservable inputs (including the Funds own assumptions in determining the fair value of investments)
|
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those
securities.
At August 31, 2013, Level 2 inputs were used in valuing the Funds investment in the affiliated Master Portfolio.
Transfers in and transfers out are recognized at the end of the reporting period. For the three months ended August 31, 2013, the Fund did not have any
transfers into/out of Level 1, Level 2, or Level 3.
|
|
|
Wells Fargo Advantage Index Fund
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
Value
|
|
Investment Companies : 100.01%
|
|
|
|
|
|
|
|
|
Affiliated Master Portfolios : 100.01%
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage Index Portfolio
|
|
|
|
|
|
$
|
2,440,613,991
|
|
|
|
|
|
|
|
|
|
|
Total Investment Companies (Cost $1,436,549,735)
|
|
|
|
|
|
|
2,440,613,991
|
|
|
|
|
|
|
|
|
|
|
Total investments in securities (Cost $1,436,549,735)*
|
|
|
100.01
|
%
|
|
|
2,440,613,991
|
|
Other assets and liabilities, net
|
|
|
(0.01
|
)
|
|
|
(199,635
|
)
|
|
|
|
|
|
|
|
|
|
Total net assets
|
|
|
100.00
|
%
|
|
$
|
2,440,414,356
|
|
|
|
|
|
|
|
|
|
|
*
|
Cost for federal income tax purposes is $1,347,576,749 and unrealized appreciation (depreciation) consists of:
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
1,273,367,755
|
|
Gross unrealized depreciation
|
|
|
(180,330,513
|
)
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
1,093,037,242
|
|
1
Wells Fargo Advantage Index Fund (the Fund)
Notes to Portfolio of investments August 31, 2013 (unaudited)
Securities
All investments are valued each business day
as of the close of regular trading on the New York Stock Exchange (normally 4 p.m. Eastern Time).
Investments in the Master Portfolios are valued daily
based on the Funds proportionate share of each Master Portfolios net assets, which are also valued daily.
Fair valuation measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data
inputs utilized in determining the value of the Funds investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to
significant unobservable inputs (Level 3). The Funds investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three broad
levels as follows:
|
Level 1
|
quoted prices in active markets for identical securities
|
|
Level 2
|
other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, use of amortized cost, etc.)
|
|
Level 3
|
significant unobservable inputs (including the Funds own assumptions in determining the fair value of investments)
|
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those
securities.
At August 31, 2013, Level 2 inputs were used in valuing the Funds investment in the affiliated Master Portfolio.
Transfers in and transfers out are recognized at the end of the reporting period. For the three months ended August 31, 2013, the Fund did not
have any transfers into/out of Level 1, Level 2, or Level 3.
|
|
|
Wells Fargo Advantage International Value Fund
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
Value
|
|
Investment Companies : 99.99%
|
|
|
|
|
|
|
|
|
Affiliated Master Portfolios : 99.99%
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage International Value Portfolio
|
|
|
|
|
|
$
|
384,662,555
|
|
Total Investment Companies (Cost $396,243,722)
|
|
|
|
|
|
|
384,662,555
|
|
|
|
|
|
|
|
|
|
|
Total investments in securities (Cost $396,243,722)*
|
|
|
99.99
|
%
|
|
|
384,662,555
|
|
Other assets and liabilities, net
|
|
|
0.01
|
|
|
|
50,156
|
|
|
|
|
|
|
|
|
|
|
Total net assets
|
|
|
100.00
|
%
|
|
$
|
384,712,711
|
|
|
|
|
|
|
|
|
|
|
*
|
Cost for federal income tax purposes is $406,042,154 and unrealized appreciation (depreciation) consists of:
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
0
|
|
Gross unrealized depreciation
|
|
|
(21,379,599
|
)
|
|
|
|
|
|
Net unrealized depreciation
|
|
$
|
(21,379,599
|
)
|
1
Wells Fargo Advantage International Value Fund (the Fund)
Notes to Portfolio of investments August 31, 2013 (unaudited)
Securities valuation
All investments are valued each
business day as of the close of regular trading on the New York Stock Exchange (normally 4 p.m. Eastern Time).
Investments in the Master Portfolios are
valued daily based on the Funds proportionate share of each Master Portfolios net assets, which are also valued daily.
Fair valuation
measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the
various data inputs utilized in determining the value of the Funds investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest
priority to significant unobservable inputs (Level 3). The Funds investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into
three broad levels as follows:
|
Level 1
|
quoted prices in active markets for identical securities
|
|
Level 2
|
other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, use of amortized cost, etc.)
|
|
Level 3
|
significant unobservable inputs (including the Funds own assumptions in determining the fair value of investments)
|
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those
securities.
At August 31, 2013, Level 2 inputs were used in valuing the Funds investment in the affiliated Master Portfolio.
Transfers in and transfers out are recognized at the end of the reporting period. For the three months ended August 31, 2013, the Fund did
not have any transfers into/out of Level 1, Level 2, or Level 3.
|
|
|
Wells Fargo Advantage Small Company Growth Fund
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
Value
|
|
Investment Companies : 99.82%
|
|
|
|
|
|
|
|
|
Affiliated Master Portfolios : 99.82%
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage Small Company Growth Portfolio
|
|
|
|
|
|
$
|
193,767,844
|
|
Total Investment Companies (Cost $189,727,073)
|
|
|
|
|
|
|
193,767,844
|
|
|
|
|
|
|
|
|
|
|
Total investments in securities (Cost $189,727,073)*
|
|
|
99.82
|
%
|
|
|
193,767,844
|
|
Other assets and liabilities, net
|
|
|
0.18
|
|
|
|
342,522
|
|
|
|
|
|
|
|
|
|
|
Total net assets
|
|
|
100.00
|
%
|
|
$
|
194,110,366
|
|
|
|
|
|
|
|
|
|
|
*
|
Cost for federal income tax purposes is $189,464,919 and unrealized appreciation (depreciation) consists of:
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
5,147,237
|
|
Gross unrealized depreciation
|
|
|
(844,312
|
)
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
4,302,925
|
|
1
Wells Fargo Advantage Small Company Growth Fund (the Fund)
Notes to Portfolio of investments August 31, 2013 (unaudited)
Securities valuation
All investments are valued each
business day as of the close of regular trading on the New York Stock Exchange (normally 4 p.m. Eastern Time).
Investments in the Master Portfolios are
valued daily based on the Funds proportionate share of each Master Portfolios net assets, which are also valued daily.
Fair valuation
measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the
various data inputs utilized in determining the value of the Funds investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest
priority to unobservable inputs (Level 3). The Funds investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three broad
levels as follows:
|
Level 1
|
quoted prices in active markets for identical securities
|
|
Level 2
|
other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, use of amortized cost, etc.)
|
|
Level 3
|
significant unobservable inputs (including the Funds own assumptions in determining the fair value of investments)
|
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those
securities.
At August 31, 2013, Level 2 inputs were used for valuing the Funds investment in the affiliated Master Portfolio.
Transfers in and transfers out are recognized at the end of the reporting period. For the three months ended August 31, 2013, the Fund did not
have any transfers into/out of Level 1, Level 2, or Level 3.
|
|
|
Wells Fargo Advantage Small Company Value Fund
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
Value
|
|
Investment Companies : 101.08%
|
|
|
|
|
|
|
|
|
Affiliated Master Portfolios : 101.08%
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage Small Company Value Portfolio
|
|
|
|
|
|
$
|
97,407,123
|
|
Total Investment Companies (Cost $81,143,495)
|
|
|
|
|
|
|
97,407,123
|
|
|
|
|
|
|
|
|
|
|
Total investments in securities (Cost $81,143,495)*
|
|
|
101.08
|
%
|
|
|
97,407,123
|
|
Other assets and liabilities, net
|
|
|
(1.08
|
)
|
|
|
(1,043,179
|
)
|
|
|
|
|
|
|
|
|
|
Total net assets
|
|
|
100.00
|
%
|
|
$
|
96,363,944
|
|
|
|
|
|
|
|
|
|
|
*
|
Cost for federal income tax purposes is $87,191,055 and unrealized appreciation (depreciation) consists of:
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
10,216,068
|
|
Gross unrealized depreciation
|
|
|
0
|
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
10,216,068
|
|
1
Wells Fargo Advantage Small Company Value Fund (the Fund)
Notes to Portfolio of investments August 31, 2013 (unaudited)
Securities valuation
All investments are valued each
business day as of the close of regular trading on the New York Stock Exchange (normally 4 p.m. Eastern Time).
Investments in the Master Portfolios are
valued daily based on the Funds proportionate share of each Master Portfolios net assets, which are also valued daily.
Fair valuation
measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the
various data inputs utilized in determining the value of the Funds investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest
priority to significant unobservable inputs (Level 3). The Funds investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into
three broad levels as follows:
|
Level 1
|
quoted prices in active markets for identical securities
|
|
Level 2
|
other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, use of amortized cost, etc.)
|
|
Level 3
|
significant unobservable inputs (including the Funds own assumptions in determining the fair value of investments)
|
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those
securities.
At August 31, 2013, Level 2 inputs were used in valuing the Funds investment in the affiliated Master Portfolio.
Transfers in and transfers out are recognized at the end of the reporting period. For the three months ended August 31, 2013, the Fund did
not have any transfers into/out of Level 1, Level 2, or Level 3.
|
|
|
Wells Fargo Advantage Core Bond Fund
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
Value
|
|
Investment Companies : 100.10%
|
|
|
|
|
|
|
|
|
Affiliated Master Portfolios : 100.10%
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage Core Bond Portfolio
|
|
|
|
|
|
$
|
2,598,812,409
|
|
Total Investment Companies (Cost $2,641,668,167)
|
|
|
|
|
|
|
2,598,812,409
|
|
|
|
|
|
|
|
|
|
|
Total investments in securities (Cost $2,641,668,167)*
|
|
|
100.10
|
%
|
|
|
2,598,812,409
|
|
Other assets and liabilities, net
|
|
|
(0.10
|
)
|
|
|
(2,696,082
|
)
|
|
|
|
|
|
|
|
|
|
Total net assets
|
|
|
100.00
|
%
|
|
$
|
2,596,116,327
|
|
|
|
|
|
|
|
|
|
|
*
|
Cost for federal income tax purposes is $2,649,382,238 and unrealized appreciation (depreciation) consists of:
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
0
|
|
Gross unrealized depreciation
|
|
|
(50,569,829
|
)
|
|
|
|
|
|
Net unrealized depreciation
|
|
$
|
(50,569,829
|
)
|
1
Wells Fargo Advantage Core Bond Fund (the Fund)
Notes to Portfolio of investments August 31, 2031 (unaudited)
Securities valuation
All investments are valued each
business day as of the close of regular trading on the New York Stock Exchange (normally 4 p.m. Eastern Time).
Investments in the Master Portfolios are
valued daily based on the Funds proportionate share of each Master Portfolios net assets, which are also valued daily.
Fair valuation
measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the
various data inputs utilized in determining the value of the Funds investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest
priority to significant unobservable inputs (Level 3). The Funds investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into
three broad levels as follows:
|
Level 1
|
quoted prices in active markets for identical securities
|
|
Level 2
|
other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, use of amortized cost, etc.)
|
|
Level 3
|
significant unobservable inputs (including the Funds own assumptions in determining the fair value of investments)
|
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those
securities.
At August 31, 2013, Level 2 inputs were used in valuing the Funds investment in the affiliated Master Portfolio.
Transfers in and transfers out are recognized at the end of the reporting period. For the three months ended August 31, 2013, the Fund did
not have any transfers into/out of Level 1, Level 2, or Level 3.
|
|
|
Wells Fargo Advantage Inflation-Protected Bond Fund
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
Shares
|
|
Value
|
|
Investment Companies : 100.22%
|
|
|
|
|
|
|
|
|
|
|
Affiliated Master Portfolios : 100.22%
|
|
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage Inflation-Protected Bond Portfolio
|
|
|
|
|
|
|
|
$
|
40,786,390
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Companies (Cost $40,661,004)
|
|
|
|
|
|
|
|
|
40,786,390
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments in securities (Cost $40,661,004)*
|
|
|
100.22
|
%
|
|
|
|
|
40,786,390
|
|
Other assets and liabilities, net
|
|
|
(0.22
|
)
|
|
|
|
|
(90,804
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Total net assets
|
|
|
100.00
|
%
|
|
|
|
$
|
40,695,586
|
|
|
|
|
|
|
|
|
|
|
|
|
*
|
Cost for federal income tax purposes is $37,584,775 and unrealized appreciation (depreciation) consists of:
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
3,201,615
|
|
Gross unrealized depreciation
|
|
|
0
|
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
3,201,615
|
|
1
Wells Fargo Advantage
Inflation-Protected Bond Fund (the Fund)
Notes to Portfolio of investments August 31, 2013 (unaudited)
Securities valuation
All investments are valued each
business day as of the close of regular trading on the New York Stock Exchange (normally 4 p.m. Eastern Time).
Investments in the Master Portfolios are
valued daily based on the Funds proportionate share of each Master Portfolios net assets, which are also valued daily.
Fair valuation
measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the
various data inputs utilized in determining the value of the Funds investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest
priority to significant unobservable inputs (Level 3). The Funds investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into
three broad levels as follows:
|
Level 1
|
quoted prices in active markets for identical securities
|
|
Level 2
|
other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, use of amortized cost, etc.)
|
|
Level 3
|
significant unobservable inputs (including the Funds own assumptions in determining the fair value of investments)
|
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those
securities.
At August 31, 2013, Level 2 inputs were used in valuing the Funds investment in the affiliated Master Portfolio.
Transfers in and transfers out are recognized at the end of the reporting period. For the three months ended August 31, 2013, the Fund did
not have any transfers into/out of Level 1, Level 2, or Level 3.
|
|
|
Wells Fargo Advantage WealthBuilder Conservative Allocation Portfolio
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
|
|
|
|
Shares
|
|
|
|
|
Value
|
|
Investment Companies : 98.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliated Master Portfolios : 21.68%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage Core Bond Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
116,449,700
|
|
Wells Fargo Advantage Emerging Growth Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,832,151
|
|
Wells Fargo Advantage International Growth Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,787,727
|
|
Wells Fargo Advantage Small Company Value Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,660,812
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
134,730,390
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternative Investment Funds : 5.42%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AQR Managed Futures Strategy Fund
|
|
|
|
|
|
|
|
|
|
|
302,239
|
|
|
|
|
|
3,058,652
|
|
ING Global Real Estate Fund
|
|
|
|
|
|
|
|
|
|
|
620,254
|
|
|
|
|
|
10,761,406
|
|
PIMCO CommodityRealReturn Strategy Fund
|
|
|
|
|
|
|
|
|
|
|
2,901,414
|
|
|
|
|
|
16,770,175
|
|
The Arbitrage Fund
|
|
|
|
|
|
|
|
|
|
|
241,571
|
|
|
|
|
|
3,092,106
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33,682,339
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International Equity Funds : 4.37%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DFA International Small Cap Value Portfolio
|
|
|
|
|
|
|
|
|
|
|
127,677
|
|
|
|
|
|
2,253,507
|
|
Dodge & Cox International Stock Fund
|
|
|
|
|
|
|
|
|
|
|
89,659
|
|
|
|
|
|
3,366,712
|
|
Oppenheimer Developing Markets Fund
|
|
|
|
|
|
|
|
|
|
|
83,837
|
|
|
|
|
|
2,818,607
|
|
T. Rowe Price International Discovery Fund
|
|
|
|
|
|
|
|
|
|
|
45,364
|
|
|
|
|
|
2,273,197
|
|
Templeton Institutional Foreign Equity Fund
|
|
|
|
|
|
|
|
|
|
|
163,482
|
|
|
|
|
|
3,398,799
|
|
Thornburg International Value Fund
|
|
|
|
|
|
|
|
|
|
|
352,748
|
|
|
|
|
|
10,222,624
|
|
Wells Fargo Advantage Emerging Markets Equity Fund (l)
|
|
|
|
|
|
|
|
|
|
|
137,340
|
|
|
|
|
|
2,834,699
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,168,145
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International Fixed Income Funds : 4.63%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oppenheimer International Bond Fund
|
|
|
|
|
|
|
|
|
|
|
4,822,884
|
|
|
|
|
|
28,744,392
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,744,392
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Equity Funds : 11.05%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
American Century Growth Fund
|
|
|
|
|
|
|
|
|
|
|
140,846
|
|
|
|
|
|
4,315,536
|
|
Eaton Vance Large Cap Value Fund
|
|
|
|
|
|
|
|
|
|
|
450,200
|
|
|
|
|
|
10,007,935
|
|
Invesco Growth And Income Fund
|
|
|
|
|
|
|
|
|
|
|
401,208
|
|
|
|
|
|
10,018,160
|
|
MFS Value Fund
|
|
|
|
|
|
|
|
|
|
|
665,544
|
|
|
|
|
|
19,939,700
|
|
Royce Pennsylvania Mutual Fund
|
|
|
|
|
|
|
|
|
|
|
427,920
|
|
|
|
|
|
5,691,333
|
|
T. Rowe Price Blue Chip Growth Fund
|
|
|
|
|
|
|
|
|
|
|
112,643
|
|
|
|
|
|
6,055,678
|
|
Wells Fargo Advantage Endeavor Select Fund (l)
|
|
|
|
|
|
|
|
|
|
|
270,534
|
|
|
|
|
|
3,468,244
|
|
Wells Fargo Advantage Large Cap Growth Fund (l)
|
|
|
|
|
|
|
|
|
|
|
87,590
|
|
|
|
|
|
3,471,211
|
|
Wells Fargo Advantage Small Cap Value Fund (l)
|
|
|
|
|
|
|
|
|
|
|
161,012
|
|
|
|
|
|
5,675,679
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
68,643,476
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Fixed Income Funds : 51.60%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PIMCO High Yield Fund
|
|
|
|
|
|
|
|
|
|
|
3,106,546
|
|
|
|
|
|
29,294,728
|
|
Wells Fargo Advantage Government Securities Fund (l)
|
|
|
|
|
|
|
|
|
|
|
10,829,055
|
|
|
|
|
|
116,520,633
|
|
Wells Fargo Advantage Short Duration Government Bond Fund (l)
|
|
|
|
|
|
|
|
|
|
|
17,306,266
|
|
|
|
|
|
174,793,287
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
320,608,648
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Companies (Cost $592,569,845)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
613,577,390
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yield
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Investments : 1.32%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment Companies : 0.18%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage Cash Investment Money Market Fund, Select Class (l)(u)
|
|
|
|
|
0.09
|
%
|
|
|
|
|
1,100,000
|
|
|
|
|
|
1,100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
Wells Fargo Advantage WealthBuilder Conservative Allocation Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
|
|
Yield
|
|
|
Maturity date
|
|
|
Principal
|
|
|
Value
|
|
U.S. Treasury Securities : 1.14%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Bill #(z)
|
|
|
|
|
|
|
|
|
0.01
|
%
|
|
|
9-5-2013
|
|
|
$
|
7,100,000
|
|
|
$
|
7,099,983
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments (Cost $8,199,983)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,199,983
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments in securities (Cost $600,769,828)*
|
|
|
100.07
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
621,777,373
|
|
Other assets and liabilities, net
|
|
|
(0.07
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(438,521
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net assets
|
|
|
100.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
621,338,852
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(l)
|
Investment in an affiliate
|
|
Non-income-earning security
|
(u)
|
Rate shown is the 7-day annualized yield at period end.
|
#
|
All or a portion of this security is segregated as collateral for investments in derivative instruments.
|
(z)
|
Zero coupon security. Rate represents yield to maturity at time of purchase.
|
*
|
Cost for federal income tax purposes is $607,304,310 and unrealized appreciation (depreciation) consists of:
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
30,156,792
|
|
Gross unrealized depreciation
|
|
|
(15,683,729
|
)
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
14,473,063
|
|
2
Wells Fargo Advantage WealthBuilder Conservative Allocation Portfolio (the Portfolio)
Notes to Portfolio of investments August 31, 2013 (unaudited)
The Portfolio seeks to achieve its investment objective by allocating its assets across asset classes of stocks, bonds and money market instruments by
investing in a number of affiliated and unaffiliated funds (collectively, the Underlying Funds). The investment in affiliated funds may also include investments in one or more separate diversified portfolios (each, a Master
Portfolio, collectively, the Master Portfolios) of Wells Fargo Master Trust, a registered open-end management investment company. Each Master Portfolio directly acquires portfolio securities and the Portfolio acquires an indirect
interest in those securities.
Securities valuation
All investments are valued each business day as of the close of regular trading on the New York Stock Exchange (normally 4 p.m. Eastern Time).
Investments in underlying open-end investment companies are valued at net asset per share as reported by the Underlying Funds as of the close of the regular
trading on the New York Stock Exchange on each day the exchange is open for trading. Investments in the Master Portfolios are valued daily based on each Portfolios proportionate share of each Master Portfolios net assets, which are also
valued daily.
Short-term securities with maturities of 60 days or less generally are valued at amortized cost which approximates fair value. The
amortized cost method involves valuing a security at its cost, plus accretion of discount or minus amortization of premium over the period until maturity.
Investments in registered open-end investment companies are valued at net asset value.
Futures contracts
The Portfolio may be subject to
interest rate risk, equity price risk, and foreign currency exchange rate risk in the normal course of pursuing its investment objectives. The Portfolio may buy and sell futures contracts in order to gain exposure to, or protect against changes in,
security values and interest rates. The primary risks associated with the use of futures contracts are the imperfect correlation between changes in market values of securities held by the Portfolio and the prices of futures contracts, and the
possibility of an illiquid market.
Futures contracts are valued based upon their quoted daily settlement prices when available. The aggregate principal
amounts of the contracts are not recorded in the financial statements. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset or liability and in the Statement of Operations as unrealized gains
or losses until the contracts are closed, at which point they are recorded as net realized gains or losses on futures contracts. With futures contracts, there is minimal counterparty risk to the Portfolio since futures are exchange traded and the
exchanges clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default.
Fair valuation measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data
inputs utilized in determining the value of the Portfolios investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to
significant unobservable inputs (Level 3). The Portfolios investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three
broad levels as follows:
|
Level 1
|
quoted prices in active markets for identical securities
|
|
Level 2
|
other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, use of amortized cost, etc.)
|
|
Level 3
|
significant unobservable inputs (including the Portfolios own assumptions in determining the fair value of investments)
|
The inputs or methodologies used for valuing investment in securities are not necessarily an indication of the risk associated with investing in those
securities.
As of August 31, 2013, the inputs used in valuing investments in securities were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in securities
|
|
Quoted prices
(Level 1)
|
|
|
Significant
other
observable inputs
(Level 2)
|
|
|
Significant
unobservable
inputs
(Level 3)
|
|
|
Total
|
|
Equity securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment companies
|
|
$
|
478,847,000
|
|
|
$
|
134,730,390
|
|
|
$
|
0
|
|
|
$
|
613,577,390
|
|
Short-term investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment companies
|
|
|
1,100,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
1,100,000
|
|
U.S. Treasury securities
|
|
|
0
|
|
|
|
7,099,983
|
|
|
|
0
|
|
|
|
7,099,983
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
479,947,000
|
|
|
$
|
141,830,373
|
|
|
$
|
0
|
|
|
$
|
621,777,373
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of August 31, 2013, the inputs used in valuing the Portfolios other financial instruments were as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other financial instruments
|
|
Quoted prices
(Level 1)
|
|
|
Significant
other
observable inputs
(Level 2)
|
|
|
Significant
unobservable
inputs
(Level 3)
|
|
|
Total
|
|
Futures contracts+
|
|
$
|
1,142,763
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
1,142,763
|
|
+
|
Futures contracts are presented at the unrealized gains on the instrument.
|
Transfers in and transfers out are
recognized at the end of the reporting period. For the three months ended August 31, 2013, the Portfolio did not have any transfers into/out of Level 1, Level 2, or Level 3.
Investments in affiliates
As of August 31, 2013,
the Portfolio owns the following percentages of the Master Portfolios:
|
|
|
|
|
Affiliated Master Portfolios
|
|
Percentage
|
|
Wells Fargo Advantage Core Bond Portfolio
|
|
|
4
|
%
|
Wells Fargo Advantage Emerging Growth Portfolio
|
|
|
1
|
|
Wells Fargo Advantage International Growth Portfolio
|
|
|
5
|
|
Wells Fargo Advantage Small Company Value Portfolio
|
|
|
3
|
|
A summary of the Portfolios transaction in shares of affiliated Underlying Funds (excluding short-term investments and
affiliated Master Portfolios) during the three months ended August 31, 2013 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares,
beginning of
period
|
|
|
Shares
purchased
|
|
|
Shares sold
|
|
|
Shares, end
of period
|
|
|
Value, end
of period
|
|
Wells Fargo Advantage Emerging Markets Equity Fund
|
|
|
136,827
|
|
|
|
4,628
|
|
|
|
4,115
|
|
|
|
137,340
|
|
|
$2,834,699
|
|
Wells Faro Advantage Endeavor Select Fund
|
|
|
292,123
|
|
|
|
586
|
|
|
|
22,175
|
|
|
|
270,534
|
|
|
3,468,244
|
|
Wells Fargo Advantage Government Securities Fund
|
|
|
11,264,243
|
|
|
|
116,945
|
|
|
|
552,133
|
|
|
|
10,829,055
|
|
|
116,520,633
|
|
Wells Fargo Advantage Large Cap Growth Fund
|
|
|
97,134
|
|
|
|
293
|
|
|
|
9,837
|
|
|
|
87,590
|
|
|
3,471,211
|
|
Wells Fargo Advantage Short Duration Government Bond Fund
|
|
|
18,196,348
|
|
|
|
183,098
|
|
|
|
1,073,180
|
|
|
|
17,306,266
|
|
|
174,793,287
|
|
Wells Fargo Advantage Small Cap Value Fund
|
|
|
175,119
|
|
|
|
1,601
|
|
|
|
15,708
|
|
|
|
161,012
|
|
|
5,675,679
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
306,763,753
|
|
Derivative transactions
As of August 31, 2013, the Portfolio entered into futures contracts to gain market exposure to certain asset classes consistent with an active asset
allocation strategy.
At August 31, 2013, the Portfolio had long and short futures contracts outstanding as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expiration
date
|
|
|
Contracts
|
|
|
Type
|
|
Contract value
at August 31, 2013
|
|
|
Unrealized
gains (losses)
|
|
|
9-19-2013
|
|
|
|
97 Long
|
|
|
S&P 500 Index
|
|
$
|
39,559,025
|
|
|
$
|
662,244
|
|
|
9-20-2013
|
|
|
|
211 Short
|
|
|
MSCI EAFE Index
|
|
|
17,847,435
|
|
|
|
(64,783
|
)
|
|
9-20-2013
|
|
|
|
80 Short
|
|
|
MSCI Emerging Markets Index
|
|
|
3,669,200
|
|
|
|
79,244
|
|
|
9-20-2013
|
|
|
|
177 Long
|
|
|
Russell 2000 Index
|
|
|
17,878,770
|
|
|
|
780,035
|
|
|
12-19-2013
|
|
|
|
15 Long
|
|
|
10-Year U.S. Treasury Notes
|
|
|
1,864,219
|
|
|
|
5,702
|
|
|
12-19-2013
|
|
|
|
236 Short
|
|
|
30-Year U.S. Treasury Bonds
|
|
|
31,129,875
|
|
|
|
(319,679
|
)
|
|
|
|
Wells Fargo Advantage WealthBuilder Equity Portfolio
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
|
|
|
|
|
Shares
|
|
|
Value
|
|
Investment Companies : 99.82%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliated Master Portfolios : 16.05%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage Emerging Growth Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
6,353,566
|
|
Wells Fargo Advantage International Growth Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,299,712
|
|
Wells Fargo Advantage Small Company Value Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,056,598
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,709,876
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International Equity Funds : 23.86%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DFA International Small Cap Value Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
138,467
|
|
|
|
2,443,949
|
|
Dodge & Cox International Stock Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
96,785
|
|
|
|
3,634,273
|
|
Oppenheimer Developing Markets Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
90,374
|
|
|
|
3,038,357
|
|
T. Rowe Price International Discovery Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
48,785
|
|
|
|
2,444,632
|
|
Templeton Institutional Foreign Equity Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
177,303
|
|
|
|
3,686,131
|
|
Thornburg International Value Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
379,892
|
|
|
|
11,009,268
|
|
Wells Fargo Advantage Emerging Markets Equity Fund (l)
|
|
|
|
|
|
|
|
|
|
|
|
|
147,034
|
|
|
|
3,034,776
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
29,291,386
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Equity Funds : 59.91%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
American Century Growth Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
250,709
|
|
|
|
7,681,715
|
|
Eaton Vance Large Cap Value Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
341,697
|
|
|
|
7,595,920
|
|
Invesco Growth And Income Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
305,777
|
|
|
|
7,635,249
|
|
MFS Value Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
509,217
|
|
|
|
15,256,137
|
|
Royce Pennsylvania Mutual Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
459,300
|
|
|
|
6,108,686
|
|
T. Rowe Price Blue Chip Growth Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
201,144
|
|
|
|
10,813,526
|
|
Wells Fargo Advantage Endeavor Select Fund (l)
|
|
|
|
|
|
|
|
|
|
|
|
|
480,925
|
|
|
|
6,165,455
|
|
Wells Fargo Advantage Large Cap Growth Fund (l)
|
|
|
|
|
|
|
|
|
|
|
|
|
156,124
|
|
|
|
6,187,176
|
|
Wells Fargo Advantage Small Cap Value Fund (l)
|
|
|
|
|
|
|
|
|
|
|
|
|
173,428
|
|
|
|
6,113,330
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
73,557,194
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Companies (Cost $95,005,263)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
122,558,456
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Investments : 0.30%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yield
|
|
|
|
|
|
|
|
|
|
Investment Companies : 0.30%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage Cash Investment Money Market Fund, Select Class (u)(l)
|
|
|
|
|
|
|
0.09
|
%
|
|
|
|
|
371,291
|
|
|
|
371,291
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments (Cost $371,291)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
371,291
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments in securities (Cost $95,376,554)*
|
|
|
100.12
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
122,929,747
|
|
Other assets and liabilities, net
|
|
|
(0.12
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
(150,889
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net assets
|
|
|
100.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
$
|
122,778,858
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(l)
|
Investment in an affiliate
|
|
Non-income-earning security
|
(u)
|
Rate shown is the 7-day annualized yield at period end.
|
*
|
Cost for federal income tax purposes is $96,000,283 and unrealized appreciation (depreciation) consists of:
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
28,254,990
|
|
Gross unrealized depreciation
|
|
|
(1,325,526
|
)
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
26,929,464
|
|
1
Wells Fargo Advantage WealthBuilder Equity Portfolio (the Portfolio)
Notes to Portfolio of investments August 31, 2013 (unaudited)
The Portfolio seeks to achieve its investment objective by allocating its assets across asset classes of stocks, bonds and money market instruments by
investing in a number of affiliated and unaffiliated funds (collectively, the Underlying Funds). The investment in affiliated funds may also include investments in one or more separate diversified portfolios (each, a Master
Portfolio, collectively, the Master Portfolios) of Wells Fargo Master Trust, a registered open-end management investment company. Each Master Portfolio directly acquires portfolio securities and the Portfolio acquires an indirect
interest in those securities.
Securities valuation
All investments are valued each business day as of the close of regular trading on the New York Stock Exchange (normally 4 p.m. Eastern Time).
Investments in underlying open-end investment companies are valued at net asset per share as reported by the Underlying Funds as of the close of the regular
trading on the New York Stock Exchange on each day the exchange is open for trading. Investments in the Master Portfolios are valued daily based on each Portfolios proportionate share of each Master Portfolios net assets, which are also
valued daily.
Fair valuation measurements
Fair
value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs utilized in determining the value of the Portfolios investments. The three-level hierarchy gives
the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to significant unobservable inputs (Level 3). The Portfolios investments are classified within the fair
value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three broad levels as follows:
|
Level 1
|
quoted prices in active markets for identical securities
|
|
Level 2
|
other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, use of amortized cost, etc.)
|
|
Level 3
|
significant unobservable inputs (including the Portfolios own assumptions in determining the fair value of investments)
|
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those
securities.
As of August 31, 2013, the inputs used in valuing investments in securities were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in securities
|
|
Quoted prices
(Level 1)
|
|
|
Significant
other
observable inputs
(Level 2)
|
|
|
Significant
unobservable
inputs
(Level 3)
|
|
|
Total
|
|
Equity securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment companies
|
|
$
|
102,848,580
|
|
|
$
|
19,709,876
|
|
|
$
|
0
|
|
|
$
|
122,558,456
|
|
Short-term investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment companies
|
|
|
371,291
|
|
|
|
0
|
|
|
|
0
|
|
|
|
371,291
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
103,219,871
|
|
|
$
|
19,709,876
|
|
|
$
|
0
|
|
|
$
|
122,929,747
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transfers in and transfers out are recognized at the end of the reporting period. For the three months ended August
31, 2013, the Portfolio did not have any transfers into/out of Level 1, Level 2, or Level 3.
Investments in affiliates
As of August 31, 2013, the Portfolio owns the following percentages of the Master Portfolios:
|
|
|
|
|
|
|
Percentage
|
|
Wells Fargo Advantage Emerging Growth Portfolio
|
|
|
1
|
%
|
Wells Fargo Advantage International Growth Portfolio
|
|
|
5
|
%
|
Wells Fargo Advantage Small Company Value Portfolio
|
|
|
3
|
%
|
A summary of the Portfolios transactions in shares of affiliated Underlying Funds (excluding short-term
investments and affiliated Master Portfolios) during the three months ended August 31, 2013 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares,
beginning
of period
|
|
|
Shares
purchased
|
|
|
Shares
sold
|
|
|
Shares, end
of period
|
|
|
Value, end
of period
|
|
Wells Fargo Advantage Emerging Markets Equity Fund
|
|
|
134,054
|
|
|
|
12,980
|
|
|
|
0
|
|
|
|
147,034
|
|
|
$3,034,776
|
|
Wells Fargo Advantage Endeavor Select Fund
|
|
|
479,079
|
|
|
|
5,054
|
|
|
|
3,208
|
|
|
|
480,925
|
|
|
6,165,455
|
|
Wells Fargo Advantage Large Cap Growth Fund
|
|
|
159,368
|
|
|
|
293
|
|
|
|
3,537
|
|
|
|
156,124
|
|
|
6,187,176
|
|
Wells Fargo Advantage Small Cap Value Fund
|
|
|
172,775
|
|
|
|
4,375
|
|
|
|
3,722
|
|
|
|
173,428
|
|
|
6,113,330
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
21,500,737
|
|
|
|
|
Wells Fargo Advantage WealthBuilder Growth Allocation Portfolio
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
|
|
Shares
|
|
|
Value
|
|
Investment Companies : 96.69%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliated Master Portfolios : 18.09%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage Core Bond Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
$
|
21,369,310
|
|
Wells Fargo Advantage Emerging Growth Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
12,334,827
|
|
Wells Fargo Advantage International Growth Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
12,015,382
|
|
Wells Fargo Advantage Small Company Value Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
14,450,457
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
60,169,976
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternative Investment Funds : 5.30%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AQR Managed Futures Strategy Fund
|
|
|
|
|
|
|
|
|
158,800
|
|
|
|
1,607,061
|
|
ING Global Real Estate Fund
|
|
|
|
|
|
|
|
|
332,641
|
|
|
|
5,771,318
|
|
PIMCO CommodityRealReturn Strategy Fund
|
|
|
|
|
|
|
|
|
1,493,367
|
|
|
|
8,631,662
|
|
The Arbitrage Fund
|
|
|
|
|
|
|
|
|
126,501
|
|
|
|
1,619,217
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,629,258
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International Equity Funds : 17.48%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DFA International Small Cap Value Portfolio
|
|
|
|
|
|
|
|
|
272,521
|
|
|
|
4,809,994
|
|
Dodge & Cox International Stock Fund
|
|
|
|
|
|
|
|
|
192,728
|
|
|
|
7,236,946
|
|
Oppenheimer Developing Markets Fund
|
|
|
|
|
|
|
|
|
182,418
|
|
|
|
6,132,883
|
|
T. Rowe Price International Discovery Fund
|
|
|
|
|
|
|
|
|
96,732
|
|
|
|
4,847,265
|
|
Templeton Institutional Foreign Equity Fund
|
|
|
|
|
|
|
|
|
348,230
|
|
|
|
7,239,702
|
|
Thornburg International Value Fund
|
|
|
|
|
|
|
|
|
750,461
|
|
|
|
21,748,363
|
|
Wells Fargo Advantage Emerging Markets Equity Fund (l)
|
|
|
|
|
|
|
|
|
296,710
|
|
|
|
6,124,093
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
58,139,246
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International Fixed Income Funds : 2.76%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oppenheimer International Bond Fund
|
|
|
|
|
|
|
|
|
1,538,776
|
|
|
|
9,171,106
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,171,106
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Equity Funds : 43.86%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
American Century Growth Fund
|
|
|
|
|
|
|
|
|
298,692
|
|
|
|
9,151,917
|
|
Eaton Vance Large Cap Value Fund
|
|
|
|
|
|
|
|
|
955,709
|
|
|
|
21,245,415
|
|
Invesco Growth And Income Fund
|
|
|
|
|
|
|
|
|
851,215
|
|
|
|
21,254,840
|
|
MFS Value Fund
|
|
|
|
|
|
|
|
|
1,420,283
|
|
|
|
42,551,666
|
|
Royce Pennsylvania Mutual Fund
|
|
|
|
|
|
|
|
|
907,775
|
|
|
|
12,073,406
|
|
T. Rowe Price Blue Chip Growth Fund
|
|
|
|
|
|
|
|
|
238,902
|
|
|
|
12,843,363
|
|
Wells Fargo Advantage Endeavor Select Fund (l)
|
|
|
|
|
|
|
|
|
572,735
|
|
|
|
7,342,469
|
|
Wells Fargo Advantage Large Cap Growth Fund (l)
|
|
|
|
|
|
|
|
|
185,402
|
|
|
|
7,347,473
|
|
Wells Fargo Advantage Small Cap Value Fund (l)
|
|
|
|
|
|
|
|
|
341,288
|
|
|
|
12,030,420
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
145,840,969
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Fixed Income Funds : 9.20%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PIMCO High Yield Fund
|
|
|
|
|
|
|
|
|
977,220
|
|
|
|
9,215,186
|
|
Wells Fargo Advantage Government Securities Fund (l)
|
|
|
|
|
|
|
|
|
1,987,215
|
|
|
|
21,382,437
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,597,623
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Companies (Cost $279,368,225)
|
|
|
|
|
|
|
|
|
|
|
|
|
321,548,178
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Investments : 3.78%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yield
|
|
|
|
|
|
|
|
|
|
Investment Companies : 0.38%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage Cash Investment Money Market Fund, Select Class (u)(l)
|
|
|
0.09
|
%
|
|
|
|
|
1,264,023
|
|
|
|
1,264,023
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
Wells Fargo Advantage WealthBuilder Growth Allocation Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
Yield
|
|
|
Maturity date
|
|
|
Principal
|
|
|
Value
|
|
U.S. Treasury Securities : 3.40%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Bill #(z)
|
|
|
|
|
|
|
0.01
|
%
|
|
|
9-5-2013
|
|
|
|
11,300,000
|
|
|
$
|
11,299,971
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments (Cost $12,563,994)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,563,994
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments in securities (Cost $291,932,219)*
|
|
|
100.47
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
334,112,172
|
|
Other assets and liabilities, net
|
|
|
(0.47
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,563,959
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net assets
|
|
|
100.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
332,548,213
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-income-earning security
|
(l)
|
Investment in an affiliate
|
(u)
|
Rate shown is the 7-day annualized yield at period end.
|
#
|
All or a portion of this security is segregated as collateral for investments in derivative instruments.
|
(z)
|
Zero coupon security. Rate represents yield to maturity at time of purchase.
|
*
|
Cost for federal income tax purposes is $300,531,801 and unrealized appreciation (depreciation) consists of:
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
46,943,997
|
|
Gross unrealized depreciation
|
|
|
(13,363,626
|
)
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
33,580,371
|
|
2
Wells Fargo Advantage WealthBuilder Growth Allocation Portfolio (the Portfolio)
Notes to Portfolio of investments August 31, 2013 (unaudited)
The Portfolio seeks to achieve its investment objective by allocating its assets across asset classes of stocks, bonds and money market instruments by
investing in a number of affiliated and unaffiliated funds (collectively, the Underlying Funds). The investment in affiliated funds may also include investments in one or more separate diversified portfolios (each, a Master
Portfolio, collectively, the Master Portfolios) of Wells Fargo Master Trust, a registered open-end management investment company. Each Master Portfolio directly acquires portfolio securities and the Portfolio acquires an indirect
interest in those securities.
Securities valuation
All investments are valued each business day as of the close of regular trading on the New York Stock Exchange (normally 4 p.m. Eastern Time).
Investments in underlying open-end investment companies are valued at net asset per share as reported by the Underlying Funds as of the close of the regular
trading on the New York Stock Exchange on each day the exchange is open for trading. Investments in the Master Portfolios are valued daily based on each Portfolios proportionate share of each Master Portfolios net assets, which are also
valued daily.
Short-term securities with maturities of 60 days or less generally are valued at amortized cost which approximates fair value. The
amortized cost method involves valuing a security at its cost, plus accretion of discount or minus amortization of premium over the period until maturity.
Investments in registered open-end investment companies are valued at net asset value.
Futures contracts
The Portfolio may be subject to
interest rate risk, equity price risk, and foreign currency exchange rate risk in the normal course of pursuing its investment objectives. The Portfolio may buy and sell futures contracts in order to gain exposure to, or protect against, changes in
security values and interest rates. The primary risks associated with the use of futures contracts are the imperfect correlation between changes in market values of securities held by the Portfolio and the prices of futures contracts, and the
possibility of an illiquid market.
Futures contracts are valued based upon their quoted daily settlement prices when available. The aggregate principal
amounts of the contracts are not recorded in the financial statements. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset or liability and in the Statement of Operations as unrealized gains
or losses until the contracts are closed, at which point they are recorded as net realized gains or losses on futures contracts. With futures contracts, there is minimal counterparty risk to the Portfolio since futures are exchange traded and the
exchanges clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default.
Fair valuation measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data
inputs utilized in determining the value of the Portfolios investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to
significant unobservable inputs (Level 3). The Portfolios investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three
broad levels as follows:
|
Level 1
|
quoted prices in active markets for identical securities
|
|
Level 2
|
other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, use of amortized cost, etc.)
|
|
Level 3
|
significant unobservable inputs (including the Portfolios own assumptions in determining the fair value of investments)
|
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those
securities.
As of August 31, 2013, the inputs used in valuing investments in securities were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in securities
|
|
Quoted prices
(Level 1)
|
|
|
Significant other
observable Inputs
(Level 2)
|
|
|
Significant
unobservable inputs
(Level 3)
|
|
|
Total
|
|
Equity securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment companies
|
|
$
|
261,378,202
|
|
|
$
|
60,169,976
|
|
|
$
|
0
|
|
|
$
|
321,548,178
|
|
Short-term investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment companies
|
|
|
1,264,023
|
|
|
|
0
|
|
|
|
0
|
|
|
|
1,264,023
|
|
U.S. Treasury securities
|
|
|
0
|
|
|
|
11,299,971
|
|
|
|
0
|
|
|
|
11,299,971
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
262,642,225
|
|
|
$
|
71,469,947
|
|
|
$
|
0
|
|
|
$
|
334,112,172
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
As of August 31, 2013, the inputs used in valuing the Portfolios other financial instruments were as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other financial instruments
|
|
Quoted prices
(Level 1)
|
|
|
Significant other
observable inputs
(Level 2)
|
|
|
Significant
unobservable inputs
(Level 3)
|
|
|
Total
|
|
Futures contracts+
|
|
$
|
2,240,015
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
2,240,015
|
|
+
|
Futures contracts are presented at the unrealized gains on the instrument.
|
Transfers in and transfers out are
recognized at the end of the reporting period. For the three months ended August 31, 2013, the Portfolio did not have any transfers into/out of Level 1, Level 2, or Level 3.
Investments in affiliates
As of August 31, 2013,
the Portfolio owns the following percentages of the Master Portfolios:
|
|
|
|
|
Affiliated Master Portfolios
|
|
Percentage
|
|
Wells Fargo Advantage Core Bond Portfolio
|
|
|
1
|
%
|
Wells Fargo Advantage Emerging Growth Portfolio
|
|
|
1
|
%
|
Wells Fargo Advantage International Growth Portfolio
|
|
|
9
|
%
|
Wells Fargo Advantage Small Company Value Portfolio
|
|
|
7
|
%
|
A summary of the Portfolios transactions in shares of affiliated Underlying Funds (excluding short-term investments and
affiliated Master Portfolios) during the three months ended August 31, 2013, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares,
beginning
of period
|
|
|
Shares
purchased
|
|
|
Shares
sold
|
|
|
Shares, end
of period
|
|
|
Value, end
of period
|
|
Wells Fargo Advantage Emerging Markets Equity Fund
|
|
|
266,167
|
|
|
|
37,305
|
|
|
|
6,762
|
|
|
|
296,710
|
|
|
$6,124,093
|
|
Wells Fargo Advantage Endeavor Select Fund
|
|
|
560,264
|
|
|
|
15,273
|
|
|
|
2,802
|
|
|
|
572,735
|
|
|
7,342,469
|
|
Wells Fargo Advantage Government Securities Fund
|
|
|
1,906,485
|
|
|
|
291,542
|
|
|
|
210,812
|
|
|
|
1,987,215
|
|
|
21,382,437
|
|
Wells Fargo Advantage Large Cap Growth Fund
|
|
|
185,859
|
|
|
|
2,896
|
|
|
|
3,353
|
|
|
|
185,402
|
|
|
7,347,473
|
|
Wells Fargo Advantage Small Cap Value Fund
|
|
|
339,505
|
|
|
|
14,915
|
|
|
|
13,132
|
|
|
|
341,288
|
|
|
12,030,420
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
54,226,892
|
|
Derivative transactions
As of August 31, 2013, the Portfolio entered into futures contracts to gain market exposure to certain asset classes consistent with an active asset
allocation strategy.
At August 31, 2013, the Portfolio had long and short futures contracts outstanding as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expiration
date
|
|
|
Contracts
|
|
|
Type
|
|
Contract
value
at
August 31, 2013
|
|
|
Unrealized
gains (losses)
|
|
|
9-19-2013
|
|
|
|
167 Long
|
|
|
S&P 500 Index
|
|
$
|
68,106,775
|
|
|
$
|
1,090,750
|
|
|
9-20-2013
|
|
|
|
454 Short
|
|
|
MSCI EAFE Index
|
|
|
38,401,590
|
|
|
|
(124,379
|
)
|
|
9-20-2013
|
|
|
|
170 Short
|
|
|
MSCI Emerging Markets Index
|
|
|
7,797,050
|
|
|
|
156,327
|
|
|
9-20-2013
|
|
|
|
372 Long
|
|
|
Russell 2000 Index
|
|
|
37,575,720
|
|
|
|
1,631,507
|
|
|
12-19-2013
|
|
|
|
5 Long
|
|
|
10-Year U.S. Treasury Notes
|
|
|
621,406
|
|
|
|
1,901
|
|
|
12-19-2013
|
|
|
|
381 Short
|
|
|
30-Year U.S. Treasury Bonds
|
|
|
50,256,281
|
|
|
|
(516,091
|
)
|
2
|
|
|
Wells Fargo Advantage WealthBuilder Growth Balanced Portfolio
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
|
|
Shares
|
|
|
Value
|
|
Investment Companies : 96.94%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliated Master Portfolios : 20.53%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage Core Bond Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
$
|
88,363,335
|
|
Wells Fargo Advantage Emerging Growth Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
24,125,604
|
|
Wells Fargo Advantage International Growth Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
28,217,310
|
|
Wells Fargo Advantage Small Company Value Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
23,495,438
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
164,201,687
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternative Investment Funds : 5.37%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AQR Managed Futures Strategy Fund
|
|
|
|
|
|
|
|
|
383,537
|
|
|
|
3,881,399
|
|
ING Global Real Estate Fund
|
|
|
|
|
|
|
|
|
802,672
|
|
|
|
13,926,366
|
|
PIMCO CommodityRealReturn Strategy Fund
|
|
|
|
|
|
|
|
|
3,669,824
|
|
|
|
21,211,585
|
|
The Arbitrage Fund
|
|
|
|
|
|
|
|
|
306,376
|
|
|
|
3,921,614
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
42,940,964
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International Equity Funds : 14.21%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DFA International Small Cap Value Portfolio
|
|
|
|
|
|
|
|
|
532,093
|
|
|
|
9,391,440
|
|
Dodge & Cox International Stock Fund
|
|
|
|
|
|
|
|
|
376,260
|
|
|
|
14,128,574
|
|
Oppenheimer Developing Markets Fund
|
|
|
|
|
|
|
|
|
356,537
|
|
|
|
11,986,786
|
|
T. Rowe Price International Discovery Fund
|
|
|
|
|
|
|
|
|
189,063
|
|
|
|
9,473,923
|
|
Templeton Institutional Foreign Equity Fund
|
|
|
|
|
|
|
|
|
680,320
|
|
|
|
14,143,860
|
|
Thornburg International Value Fund
|
|
|
|
|
|
|
|
|
1,466,418
|
|
|
|
42,496,783
|
|
Wells Fargo Advantage Emerging Markets Equity Fund (l)
|
|
|
|
|
|
|
|
|
580,099
|
|
|
|
11,973,238
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
113,594,604
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International Fixed Income Funds : 4.61%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oppenheimer International Bond Fund
|
|
|
|
|
|
|
|
|
6,189,219
|
|
|
|
36,887,747
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
36,887,747
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Equity Funds : 35.63%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
American Century Growth Fund
|
|
|
|
|
|
|
|
|
583,321
|
|
|
|
17,872,945
|
|
Eaton Vance Large Cap Value Fund
|
|
|
|
|
|
|
|
|
1,866,378
|
|
|
|
41,489,589
|
|
Invesco Growth And Income Fund
|
|
|
|
|
|
|
|
|
1,663,929
|
|
|
|
41,548,298
|
|
MFS Value Fund
|
|
|
|
|
|
|
|
|
2,775,797
|
|
|
|
83,162,866
|
|
Royce Pennsylvania Mutual Fund
|
|
|
|
|
|
|
|
|
1,772,444
|
|
|
|
23,573,510
|
|
T. Rowe Price Blue Chip Growth Fund
|
|
|
|
|
|
|
|
|
466,387
|
|
|
|
25,072,955
|
|
Wells Fargo Advantage Endeavor Select Fund (l)
|
|
|
|
|
|
|
|
|
1,118,275
|
|
|
|
14,336,282
|
|
Wells Fargo Advantage Large Cap Growth Fund (l)
|
|
|
|
|
|
|
|
|
362,237
|
|
|
|
14,355,457
|
|
Wells Fargo Advantage Small Cap Value Fund (l)
|
|
|
|
|
|
|
|
|
667,282
|
|
|
|
23,521,684
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
284,933,586
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Fixed Income Funds : 16.59%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PIMCO High Yield Fund
|
|
|
|
|
|
|
|
|
3,930,551
|
|
|
|
37,065,098
|
|
Wells Fargo Advantage Government Securities Fund (l)
|
|
|
|
|
|
|
|
|
8,884,557
|
|
|
|
95,597,836
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
132,662,934
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Companies (Cost $686,282,817)
|
|
|
|
|
|
|
|
|
|
|
|
|
775,221,522
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yield
|
|
|
|
|
|
|
|
|
|
Short-Term Investments : 3.27%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment Companies : 0.33%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage Cash Investment Money Market Fund, Select Class (l)(u)
|
|
|
0.09
|
%
|
|
|
|
|
2,652,130
|
|
|
|
2,652,130
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
Wells Fargo Advantage WealthBuilder Growth Balanced Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
Yield
|
|
|
Maturity date
|
|
|
Principal
|
|
|
Value
|
|
U.S. Treasury Securities : 2.94%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Bill #(z)
|
|
|
|
|
|
|
0.01
|
%
|
|
|
9-5-2013
|
|
|
$
|
23,500,000
|
|
|
$
|
23,499,941
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments (Cost $26,152,071)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,152,071
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments in securities (Cost $712,434,888)*
|
|
|
100.21
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
801,373,593
|
|
Other assets and liabilities, net
|
|
|
(0.21
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,718,572
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net assets
|
|
|
100.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
799,655,021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(l)
|
Investment in an affiliate
|
|
Non-income-earning security
|
(u)
|
Rate shown is the 7-day annualized yield at period end.
|
#
|
All or a portion of this security is segregated as collateral for investments in derivative instruments.
|
(z)
|
Zero coupon security. Rate represents yield to maturity at time of purchase.
|
*
|
Cost for federal income tax purposes is $735,660,738 and unrealized appreciation (depreciation) consists of:
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
99,273,184
|
|
Gross unrealized depreciation
|
|
|
(33,560,329
|
)
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
65,712,855
|
|
2
Wells Fargo Advantage WealthBuilder Growth Balanced Portfolio (the Portfolio)
Notes to Portfolio of investments August 31, 2013 (unaudited)
The Portfolio seeks to achieve its investment objective by allocating its assets across asset classes of stocks, bonds and money market instruments by
investing in a number of affiliated and unaffiliated funds (collectively, the Underlying Funds). The investment in affiliated funds may also include investments in one or more separate diversified portfolios (each, a Master
Portfolio, collectively, the Master Portfolios) of Wells Fargo Master Trust, a registered open-end management investment company. Each Master Portfolio directly acquires portfolio securities and the Portfolio acquires an indirect
interest in those securities.
Securities valuation
All investments are valued each business day as of the close of regular trading on the New York Stock Exchange (normally 4 p.m. Eastern Time).
Investments in underlying open-end investment companies are valued at net asset per share as reported by the Underlying Funds as of the close of the regular
trading on the New York Stock Exchange on each day the exchange is open for trading. Investments in the Master Portfolios are valued daily based on each Portfolios proportionate share of each Master Portfolios net assets, which are also
valued daily.
Short-term securities with maturities of 60 days or less generally are valued at amortized cost which approximates fair value. The
amortized cost method involves valuing a security at its cost, plus accretion of discount or minus amortization of premium over the period until maturity.
Investments in registered open-end investment companies are valued at net asset value.
Futures contracts
The Portfolio may be subject to
interest rate risk, equity price risk, and foreign currency exchange rate risk in the normal course of pursuing its investment objectives. The Portfolio may buy and sell futures contracts in order to gain exposure to, or protect against changes in,
security values and interest rates. The primary risks associated with the use of futures contracts are the imperfect correlation between changes in market values of securities held by the Portfolio and the prices of futures contracts, and the
possibility of an illiquid market.
Futures contracts are valued based upon their quoted daily settlement prices when available. The aggregate principal
amounts of the contracts are not recorded in the financial statements. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset or liability and in the Statement of Operations as unrealized gains
or losses until the contracts are closed, at which point they are recorded as net realized gains or losses on futures contracts. With futures contracts, there is minimal counterparty risk to the Portfolio since futures are exchange traded and the
exchanges clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default.
Fair valuation measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data
inputs utilized in determining the value of the Portfolios investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to
significant unobservable inputs (Level 3). The Portfolios investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three
broad levels as follows:
|
Level 1
|
quoted prices in active markets for identical securities
|
|
Level 2
|
other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, use of amortized cost, etc.)
|
|
Level 3
|
significant unobservable inputs (including the Portfolios own assumptions in determining the fair value of investments)
|
The inputs or methodologies used for valuing investment in securities are not necessarily an indication of the risk associated with investing in those
securities.
As of August 31, 2013, the inputs used in valuing investments in securities were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in securities
|
|
Quoted prices
(Level 1)
|
|
|
Significant
other
observable inputs
(Level 2)
|
|
|
Significant
unobservable
inputs
(Level 3)
|
|
|
Total
|
|
Equity securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment companies
|
|
$
|
611,019,835
|
|
|
$
|
164,201,687
|
|
|
$
|
0
|
|
|
$
|
775,221,522
|
|
Short-term investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment companies
|
|
|
2,652,130
|
|
|
|
0
|
|
|
|
0
|
|
|
|
2,652,130
|
|
U.S. Treasury securities
|
|
|
0
|
|
|
|
23,499,941
|
|
|
|
0
|
|
|
|
23,499,941
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
613,671,965
|
|
|
$
|
187,701,628
|
|
|
$
|
0
|
|
|
$
|
801,373,593
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of August 31, 2013, the inputs used in valuing the Portfolios other financial instruments were as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other financial instruments
|
|
Quoted prices
(Level 1)
|
|
|
Significant
other
observable inputs
(Level 2)
|
|
|
Significant
unobservable
inputs
(Level 3)
|
|
|
Total
|
|
Futures contracts+
|
|
$
|
4,516,048
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
4,516,048
|
|
+
|
Futures contracts are presented at the unrealized gains on the instrument.
|
Transfers in and transfers out are
recognized at the end of the reporting period. For the three months ended August 31, 2013, the Portfolio did not have any transfers into/out of Level 1, Level 2, or Level 3.
Investments in affiliates
As of August 31, 2013,
the Portfolio owns the following percentages of the Master Portfolios:
|
|
|
|
|
Affiliated Master Portfolios
|
|
Percentage
|
|
Wells Fargo Advantage Core Bond Portfolio
|
|
|
3
|
%
|
Wells Fargo Advantage Emerging Growth Portfolio
|
|
|
2
|
|
Wells Fargo Advantage International Growth Portfolio
|
|
|
20
|
|
Wells Fargo Advantage Small Company Value Portfolio
|
|
|
11
|
|
A summary of the Portfolios transaction in shares of affiliated Underlying Funds (excluding short-term investments and
affiliated Master Portfolios) during the three months ended August 31, 2013 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares,
beginning
of period
|
|
|
Shares
purchased
|
|
|
Shares
sold
|
|
|
Shares, end
of period
|
|
|
Value, end
of period
|
|
Wells Fargo Advantage Emerging Markets Equity Fund
|
|
|
521,516
|
|
|
|
62,345
|
|
|
|
3,762
|
|
|
|
580,099
|
|
|
$
|
11,973,238
|
|
Wells Fargo Advantage Endeavor Select Fund
|
|
|
1,105,911
|
|
|
|
16,165
|
|
|
|
3,801
|
|
|
|
1,118,275
|
|
|
|
14,336,282
|
|
Wells Fargo Advantage Government Securities Fund
|
|
|
8,613,562
|
|
|
|
942,744
|
|
|
|
671,749
|
|
|
|
8,884,557
|
|
|
|
95,597,836
|
|
Wells Fargo Advantage Large Cap Growth Fund
|
|
|
367,912
|
|
|
|
2,481
|
|
|
|
8,156
|
|
|
|
362,237
|
|
|
|
14,355,457
|
|
Wells Fargo Advantage Small Cap Value Fund
|
|
|
666,693
|
|
|
|
15,650
|
|
|
|
15,061
|
|
|
|
667,282
|
|
|
|
23,521,684
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
159,784,497
|
|
Derivative transactions
As of August 31, 2013, the Portfolio entered into futures contracts to gain market exposure to certain asset classes consistent with an active asset
allocation strategy.
At August 31, 2013, the Portfolio had long and short futures contracts outstanding as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expiration
date
|
|
|
Contracts
|
|
|
Type
|
|
Contract value at
August 31, 2013
|
|
|
Unrealized
gains (losses)
|
|
|
9-19-2013
|
|
|
|
382 Long
|
|
|
S&P 500 Index
|
|
$
|
155,789,150
|
|
|
$
|
2,552,096
|
|
|
9-20-2013
|
|
|
|
887 Short
|
|
|
MSCI EAFE Index
|
|
|
75,026,895
|
|
|
|
(296,127
|
)
|
|
9-20-2013
|
|
|
|
333 Short
|
|
|
MSCI Emerging Markets Index
|
|
|
15,273,045
|
|
|
|
282,647
|
|
|
9-20-2013
|
|
|
|
728 Long
|
|
|
Russell 2000 Index
|
|
|
73,535,280
|
|
|
|
3,203,781
|
|
|
12-19-2013
|
|
|
|
21 Long
|
|
|
10-Year U.S. Treasury Notes
|
|
|
2,609,906
|
|
|
|
7,983
|
|
|
12-19-2013
|
|
|
|
913 Short
|
|
|
30-Year U.S. Treasury Bonds
|
|
|
120,430,406
|
|
|
|
(1,234,332
|
)
|
|
|
|
Wells Fargo Advantage WealthBuilder Moderate Balanced Portfolio
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
|
|
Shares
|
|
|
Value
|
|
Investment Companies : 97.99%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliated Master Portfolios : 19.88%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage Core Bond Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
$
|
110,800,072
|
|
Wells Fargo Advantage Emerging Growth Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
15,071,622
|
|
Wells Fargo Advantage International Growth Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
14,501,721
|
|
Wells Fargo Advantage Small Company Value Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
17,382,078
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
157,755,493
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternative Investment Funds : 5.27%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AQR Managed Futures Strategy Fund
|
|
|
|
|
|
|
|
|
379,993
|
|
|
|
3,845,529
|
|
ING Global Real Estate Fund
|
|
|
|
|
|
|
|
|
784,240
|
|
|
|
13,606,571
|
|
PIMCO CommodityRealReturn Strategy Fund
|
|
|
|
|
|
|
|
|
3,551,254
|
|
|
|
20,526,250
|
|
The Arbitrage Fund
|
|
|
|
|
|
|
|
|
302,867
|
|
|
|
3,876,703
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
41,855,053
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International Equity Funds : 8.78%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DFA International Small Cap Value Portfolio
|
|
|
|
|
|
|
|
|
328,166
|
|
|
|
5,792,122
|
|
Dodge & Cox International Stock Fund
|
|
|
|
|
|
|
|
|
231,428
|
|
|
|
8,690,132
|
|
Oppenheimer Developing Markets Fund
|
|
|
|
|
|
|
|
|
216,693
|
|
|
|
7,285,210
|
|
T. Rowe Price International Discovery Fund
|
|
|
|
|
|
|
|
|
116,261
|
|
|
|
5,825,814
|
|
Templeton Institutional Foreign Equity Fund
|
|
|
|
|
|
|
|
|
419,384
|
|
|
|
8,718,984
|
|
Thornburg International Value Fund
|
|
|
|
|
|
|
|
|
902,908
|
|
|
|
26,166,283
|
|
Wells Fargo Advantage Emerging Markets Equity Fund (l)
|
|
|
|
|
|
|
|
|
350,698
|
|
|
|
7,238,407
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
69,716,952
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International Fixed Income Funds : 4.64%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oppenheimer International Bond Fund
|
|
|
|
|
|
|
|
|
6,171,579
|
|
|
|
36,782,612
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
36,782,612
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Equity Funds : 22.17%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
American Century Growth Fund
|
|
|
|
|
|
|
|
|
361,131
|
|
|
|
11,065,051
|
|
Eaton Vance Large Cap Value Fund
|
|
|
|
|
|
|
|
|
1,152,801
|
|
|
|
25,626,775
|
|
Invesco Growth And Income Fund
|
|
|
|
|
|
|
|
|
1,028,013
|
|
|
|
25,669,497
|
|
MFS Value Fund
|
|
|
|
|
|
|
|
|
1,710,330
|
|
|
|
51,241,481
|
|
Royce Pennsylvania Mutual Fund
|
|
|
|
|
|
|
|
|
1,097,224
|
|
|
|
14,593,077
|
|
T. Rowe Price Blue Chip Growth Fund
|
|
|
|
|
|
|
|
|
288,934
|
|
|
|
15,533,071
|
|
Wells Fargo Advantage Endeavor Select Fund (l)
|
|
|
|
|
|
|
|
|
692,273
|
|
|
|
8,874,940
|
|
Wells Fargo Advantage Large Cap Growth Fund (l)
|
|
|
|
|
|
|
|
|
224,137
|
|
|
|
8,882,541
|
|
Wells Fargo Advantage Small Cap Value Fund (l)
|
|
|
|
|
|
|
|
|
412,040
|
|
|
|
14,524,405
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
176,010,838
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Fixed Income Funds : 37.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PIMCO High Yield Fund
|
|
|
|
|
|
|
|
|
3,938,673
|
|
|
|
37,141,682
|
|
Wells Fargo Advantage Government Securities Fund (l)
|
|
|
|
|
|
|
|
|
10,303,963
|
|
|
|
110,870,639
|
|
Wells Fargo Advantage Short Duration Government Bond Fund (l)
|
|
|
|
|
|
|
|
|
14,623,539
|
|
|
|
147,697,748
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
295,710,069
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Companies (Cost $729,896,699)
|
|
|
|
|
|
|
|
|
|
|
|
|
777,831,017
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Investments : 2.26%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yield
|
|
|
|
|
|
|
|
|
|
Investment Companies : 0.22%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage Cash Investment Money Market Fund, Select Class (u)(l)
|
|
|
0.09
|
%
|
|
|
|
|
1,768,431
|
|
|
|
1,768,431
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
Wells Fargo Advantage WealthBuilder Moderate Balanced Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
Yield
|
|
|
Maturity date
|
|
|
Principal
|
|
|
Value
|
|
U.S. Treasury Securities : 2.04%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Bill #(z)
|
|
|
|
|
|
|
0.01
|
%
|
|
|
9-5-2013
|
|
|
|
16,200,000
|
|
|
$
|
16,199,959
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments (Cost $17,968,390)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,968,390
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments in securities (Cost $747,865,089)*
|
|
|
100.25
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
795,799,407
|
|
Other assets and liabilities, net
|
|
|
(0.25
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,965,689
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net assets
|
|
|
100.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
793,833,718
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-income-earning security
|
(l)
|
Investment in an affiliate
|
(u)
|
Rate shown is the 7-day annualized yield at period end.
|
(z)
|
Zero coupon security. Rate represents yield to maturity at time of purchase.
|
#
|
All or a portion of this security is segregated as collateral for investments in derivative instruments.
|
*
|
Cost for federal income tax purposes is $757,545,523 and unrealized appreciation (depreciation) consists of:
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
61,389,688
|
|
Gross unrealized depreciation
|
|
|
(23,135,804
|
)
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
38,253,884
|
|
2
Wells Fargo Advantage WealthBuilder Moderate Balanced Portfolio (the Portfolio)
Notes to Portfolio of investments August 31, 2013 (unaudited)
The Portfolio seeks to achieve its investment objective by allocating its assets across asset classes of stocks, bonds and money market instruments by
investing in a number of affiliated and unaffiliated funds (collectively, the Underlying Funds). The investment in affiliated funds may also include investments in one or more separate diversified portfolios (each, a Master
Portfolio, collectively, the Master Portfolios) of Wells Fargo Master Trust, a registered open-end management investment company. Each Master Portfolio directly acquires portfolio securities and the Portfolio acquires an indirect
interest in those securities.
Securities valuation
All investments are valued each business day as of the close of regular trading on the New York Stock Exchange (normally 4 p.m. Eastern Time).
Investments in underlying open-end investment companies are valued at net asset per share as reported by the Underlying Funds as of the close of the regular
trading on the New York Stock Exchange on each day the exchange is open for trading. Investments in the Master Portfolios are valued daily based on each Portfolios proportionate share of each Master Portfolios net assets, which are also
valued daily.
Short-term securities with maturities of 60 days or less generally are valued at amortized cost which approximates fair value. The
amortized cost method involves valuing a security at its cost, plus accretion of discount or minus amortization of premium over the period until maturity. Investments in registered open-end investment companies are valued at net asset value.
Investments in registered open-end investment companies are valued at net asset value
Futures contracts
The Portfolio may be subject to
interest rate risk, equity price risk, and foreign currency exchange rate risk in the normal course of pursuing its investment objectives. The Portfolio may buy and sell futures contracts in order to gain exposure to, or protect against, changes in
security values and interest rates. The primary risks associated with the use of futures contracts are the imperfect correlation between changes in market values of securities held by the Portfolio and the prices of futures contracts, and the
possibility of an illiquid market.
Futures contracts are valued based upon their quoted daily settlement prices when available. The aggregate principal
amounts of the contracts are not recorded in the financial statements. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset or liability and in the Statement of Operations as unrealized gains
or losses until the contracts are closed, at which point they are recorded as net realized gains or losses on futures contracts. With futures contracts, there is minimal counterparty risk to the Portfolio since futures are exchange traded and the
exchanges clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default.
Fair valuation measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data
inputs utilized in determining the value of the Portfolios investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to
significant unobservable inputs (Level 3). The Portfolios investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three
broad levels as follows:
|
Level 1
|
quoted prices in active markets for identical securities
|
|
Level 2
|
other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, use of amortized cost, etc.)
|
|
Level 3
|
significant unobservable inputs (including the Portfolios own assumptions in determining the fair value of investments)
|
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those
securities.
As of August 31, 2013, the inputs used in valuing investments in securities were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in securities
|
|
Quoted prices
(Level 1)
|
|
|
Significant other
observable Inputs
(Level 2)
|
|
|
Significant
unobservable inputs
(Level 3)
|
|
|
Total
|
|
Equity securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment companies
|
|
$
|
620,075,524
|
|
|
$
|
157,755,493
|
|
|
$
|
0
|
|
|
$
|
777,831,017
|
|
Short-term investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment companies
|
|
|
1,768,431
|
|
|
|
0
|
|
|
|
0
|
|
|
|
1,768,431
|
|
U.S. Treasury securities
|
|
|
0
|
|
|
|
16,199,959
|
|
|
|
0
|
|
|
|
16,199,959
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
621,843,955
|
|
|
$
|
173,955,452
|
|
|
$
|
0
|
|
|
$
|
795,799,407
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
As of August 31, 2013, the inputs used in valuing the Portfolios other financial instruments were as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other financial instruments
|
|
Quoted prices
(Level 1)
|
|
|
Significant other
observable inputs
(Level 2)
|
|
|
Significant
unobservable inputs
(Level 3)
|
|
|
Total
|
|
Futures contracts+
|
|
$
|
2,908,209
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
2,908,209
|
|
+
|
Futures contracts are presented at the unrealized gains on the instrument.
|
Transfers in and transfers out are
recognized at the end of the reporting period. For the three months ended August 31, 2013, the Portfolio did not have any transfers into/out of Level 1, Level 2, or Level 3.
Investments in affiliates
As of August 31, 2013,
the Portfolio owns the following percentages of the Master Portfolios:
|
|
|
|
|
Affiliated Master Portfolios
|
|
Percentage
|
|
Wells Fargo Advantage Core Bond Portfolio
|
|
|
4
|
%
|
Wells Fargo Advantage Emerging Growth Portfolio
|
|
|
1
|
%
|
Wells Fargo Advantage International Growth Portfolio
|
|
|
10
|
%
|
Wells Fargo Advantage Small Company Value Portfolio
|
|
|
8
|
%
|
A summary of the Portfolios transactions in shares of affiliated Underlying Funds (excluding short-term investments and
affiliated Master Portfolios) during the three months ended August 31, 2013, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares,
beginning of
period
|
|
|
Shares
purchased
|
|
|
Shares
sold
|
|
|
Shares, end
of period
|
|
|
Value, end
of period
|
|
Wells Fargo Advantage Emerging Markets Equity Fund
|
|
|
325,432
|
|
|
|
25,266
|
|
|
|
0
|
|
|
|
350,698
|
|
|
$7,238,407
|
|
Wells Fargo Advantage Endeavor Select Fund
|
|
|
710,464
|
|
|
|
0
|
|
|
|
18,191
|
|
|
|
692,273
|
|
|
8,874,940
|
|
Wells Fargo Advantage Government Securities Fund
|
|
|
10,103,361
|
|
|
|
439,791
|
|
|
|
239,189
|
|
|
|
10,303,963
|
|
|
110,870,639
|
|
Wells Fargo Advantage Large Cap Growth Fund
|
|
|
235,988
|
|
|
|
0
|
|
|
|
11,851
|
|
|
|
224,137
|
|
|
8,882,541
|
|
Wells Fargo Advantage Short Duration Government Bond Fund
|
|
|
14,534,560
|
|
|
|
665,557
|
|
|
|
576,578
|
|
|
|
14,623,539
|
|
|
147,697,748
|
|
Wells Fargo Advantage Small Cap Value Fund
|
|
|
424,834
|
|
|
|
1,950
|
|
|
|
14,744
|
|
|
|
412,040
|
|
|
14,524,405
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
298,088,680
|
|
Derivative transactions
As of August 31, 2013, the Portfolio entered into futures contracts to gain market exposure to certain asset classes consistent with an active asset
allocation strategy.
At August 31, 2013, the Portfolio had long and short futures contracts outstanding as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expiration
date
|
|
|
Contracts
|
|
|
Type
|
|
Contract
value
at
August 31, 2013
|
|
|
Unrealized
gains (losses)
|
|
|
9-19-2013
|
|
|
|
248 Long
|
|
|
S&P 500 Index
|
|
$
|
101,140,600
|
|
|
$
|
1,686,152
|
|
|
9-20-2013
|
|
|
|
544 Short
|
|
|
MSCI EAFE Index
|
|
|
46,014,240
|
|
|
|
(163,403
|
)
|
|
9-20-2013
|
|
|
|
205 Short
|
|
|
MSCI Emerging Markets Index
|
|
|
9,402,325
|
|
|
|
203,567
|
|
|
9-20-2013
|
|
|
|
452 Long
|
|
|
Russell 2000 Index
|
|
|
45,656,520
|
|
|
|
1,991,955
|
|
|
12-19-2013
|
|
|
|
26 Long
|
|
|
10-Year U.S. Treasury Notes
|
|
|
3,231,313
|
|
|
|
9,453
|
|
|
12-19-2013
|
|
|
|
605 Short
|
|
|
30-Year U.S. Treasury Bonds
|
|
|
79,803,281
|
|
|
|
(819,515
|
)
|
2
|
|
|
Wells Fargo Advantage WealthBuilder Tactical Equity Portfolio
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security name
|
|
|
|
|
|
|
|
|
|
|
Shares
|
|
|
Value
|
|
Investment Companies : 96.41%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliated Master Portfolios : 15.41%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage Emerging Growth Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
18,018,970
|
|
Wells Fargo Advantage International Growth Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,080,310
|
|
Wells Fargo Advantage Small Company Value Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,576,243
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
56,675,523
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International Equity Funds : 23.03%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DFA International Small Cap Value Portfolio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
397,156
|
|
|
|
7,009,797
|
|
Dodge & Cox International Stock Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
280,572
|
|
|
|
10,535,469
|
|
Oppenheimer Developing Markets Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
265,142
|
|
|
|
8,914,076
|
|
T. Rowe Price International Discovery Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
140,911
|
|
|
|
7,061,040
|
|
Templeton Institutional Foreign Equity Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
508,019
|
|
|
|
10,561,721
|
|
Thornburg International Value Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,092,971
|
|
|
|
31,674,295
|
|
Wells Fargo Advantage Emerging Markets Equity Fund (l)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
433,120
|
|
|
|
8,939,587
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
84,695,985
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Equity Funds : 57.97%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
American Century Growth Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
436,556
|
|
|
|
13,376,071
|
|
Eaton Vance Large Cap Value Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,396,883
|
|
|
|
31,052,716
|
|
Invesco Growth And Income Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,244,281
|
|
|
|
31,069,704
|
|
MFS Value Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,074,371
|
|
|
|
62,148,169
|
|
Royce Pennsylvania Mutual Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,328,357
|
|
|
|
17,667,150
|
|
T. Rowe Price Blue Chip Growth Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
349,616
|
|
|
|
18,795,369
|
|
Wells Fargo Advantage Endeavor Select Fund (l)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
838,495
|
|
|
|
10,749,510
|
|
Wells Fargo Advantage Large Cap Growth Fund (l)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
270,839
|
|
|
|
10,733,363
|
|
Wells Fargo Advantage Small Cap Value Fund (l)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
500,162
|
|
|
|
17,630,717
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
213,222,769
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Companies (Cost $287,399,002)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
354,594,277
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Investments : 3.89%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yield
|
|
|
|
|
|
|
|
|
|
|
Investment Companies : 0.54%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wells Fargo Advantage Cash Investment Money Market Fund, Select Class (u)(l)
|
|
|
|
|
|
|
0.09
|
%
|
|
|
|
|
|
|
2,000,000
|
|
|
|
2,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maturity date
|
|
|
Principal
|
|
|
|
|
U.S. Treasury Securities : 3.35%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Bill #(z)
|
|
|
|
|
|
|
0.02
|
|
|
|
9-5-2013
|
|
|
$
|
12,300,000
|
|
|
|
12,299,967
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments (Cost $14,299,969)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,299,967
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments in securities (Cost $301,698,971)*
|
|
|
100.30
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
368,894,244
|
|
Other assets and liabilities, net
|
|
|
(0.30
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,095,909
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net assets
|
|
|
100.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
367,798,335
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(l)
|
Investment in an affiliate
|
|
Non-income-earning security
|
(u)
|
Rate shown is the 7-day annualized yield at period end.
|
#
|
All or a portion of this security is segregated as collateral for investments in derivative instruments.
|
(z)
|
Zero coupon security. Rate represents yield to maturity at time of purchase.
|
1
|
|
|
Portfolio of investments August 31, 2013 (unaudited)
|
|
Wells Fargo Advantage WealthBuilder Tactical Equity Portfolio
|
*
|
Cost for federal income tax purposes is $307,385,721 and unrealized appreciation (depreciation) consists of:
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
67,643,592
|
|
Gross unrealized depreciation
|
|
|
(6,135,069
|
)
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
61,508,523
|
|
2
Wells Fargo Advantage WealthBuilder Tactical Equity Portfolio (the Portfolio)
Notes to Portfolio of investments August 31, 2013 (unaudited)
The Portfolio seeks to achieve its investment objective by allocating its assets across asset classes of stocks, bonds and money market instruments by
investing in a number of affiliated and unaffiliated funds (collectively, the Underlying Funds). The investment in affiliated funds may also include investments in one or more separate diversified portfolios (each, a Master
Portfolio, collectively, the Master Portfolios) of Wells Fargo Master Trust, a registered open-end management investment company. Each Master Portfolio directly acquires portfolio securities and the Portfolio acquires an indirect
interest in those securities.
Securities valuation
All investments are valued each business day as of the close of regular trading on the New York Stock Exchange (normally 4 p.m. Eastern Time).
Short-term securities, with maturities of 60 days or less at time of purchase, generally are valued at amortized cost which approximates fair value. The
amortized cost method involves valuing a security at its cost, plus accretion of discount or minus amortization of premium over the period until maturity.
Investments in underlying open-end investment companies are valued at net asset per share as reported by the Underlying Funds as of the close of the regular
trading on the New York Stock Exchange on each day the exchange is open for trading. Investments in the Master Portfolios are valued daily based on each Portfolios proportionate share of each Master Portfolios net assets, which are also
valued daily.
Futures contracts
The Portfolio may
be subject to equity price risk and foreign currency exchange contract risk in the normal course of pursuing its investment objectives. The Portfolio may buy and sell futures contracts in order to gain exposure to, or protect against changes in,
security values and interest rates. The primary risks associated with the use of futures contracts are the imperfect correlation between changes in market values of securities held by the Portfolio and the prices of futures contracts, and the
possibility of an illiquid market.
Futures contracts are valued based upon their quoted daily settlement prices when available. The aggregate principal
amounts of the contracts are not recorded in the financial statements. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset or liability and in the Statement of Operations as unrealized gains
or losses until the contracts are closed, at which point they are recorded as net realized gains or losses on futures contracts. With futures contracts, there is minimal counterparty risk to the Portfolio since futures are exchange traded and the
exchanges clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default.
Fair valuation measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data
inputs utilized in determining the value of the Portfolios investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to
significant unobservable inputs (Level 3). The Portfolios investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three
broad levels as follows:
|
Level 1
|
quoted prices in active markets for identical securities
|
|
Level 2
|
other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, use of amortized cost, etc.)
|
|
Level 3
|
significant unobservable inputs (including the Portfolios own assumptions in determining the fair value of investments)
|
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those
securities.
As of August 31, 2013, the inputs used in valuing investments in securities were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in securities
|
|
Quoted prices
(Level 1)
|
|
|
Significant
other
observable inputs
(Level 2)
|
|
|
Significant
unobservable
inputs
(Level 3)
|
|
|
Total
|
|
Equity securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment companies
|
|
$
|
297,918,754
|
|
|
$
|
56,675,523
|
|
|
$
|
0
|
|
|
$
|
354,594,277
|
|
Short-term investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment companies
|
|
|
2,000,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
2,000,000
|
|
U.S. Treasury securities
|
|
|
0
|
|
|
|
12,299,967
|
|
|
|
0
|
|
|
|
12,299,967
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
299,918,754
|
|
|
$
|
68,975,490
|
|
|
$
|
0
|
|
|
$
|
368,894,244
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of August 31, 2013, the inputs used in valuing the Portfolios other financial instruments were as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other financial instruments
|
|
Quoted prices
(Level 1)
|
|
|
Significant
other
observable inputs
(Level 2)
|
|
|
Significant
unobservable
inputs
(Level 3)
|
|
|
Total
|
|
Futures contracts+
|
|
$
|
2,949,466
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
2,949,466
|
|
+
|
Futures contracts are presented at the unrealized gains on the instrument.
|
Transfers in and transfers out are
recognized at the end of the reporting period. For the three months ended August 31, 2013, the Portfolio did not have any transfers into/out of Level 1, Level 2, or Level 3.
Investments in affiliates
As of August 31, 2013,
the Portfolio owns the following percentages of the Master Portfolios:
|
|
|
|
|
|
|
Percentage
|
|
Wells Fargo Advantage Emerging Growth Portfolio
|
|
|
2
|
%
|
Wells Fargo Advantage International Growth Portfolio
|
|
|
15
|
%
|
Wells Fargo Advantage Small Company Value Portfolio
|
|
|
9
|
%
|
A summary of the Portfolios transactions in shares of affiliated Underlying Funds (excluding short-term investments and
affiliated Master Portfolios) during the three months ended August 31, 2013 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares,
beginning
of period
|
|
|
Shares
purchased
|
|
|
Shares
sold
|
|
|
Shares, end
of period
|
|
|
Value, end
of period
|
|
Wells Fargo Advantage Emerging Markets Equity Fund
|
|
|
400,441
|
|
|
|
47,244
|
|
|
|
14,565
|
|
|
|
433,120
|
|
|
$8,939,587
|
|
Wells Fargo Advantage Endeavor Select Fund
|
|
|
846,684
|
|
|
|
16,599
|
|
|
|
24,788
|
|
|
|
838,495
|
|
|
10,749,510
|
|
Wells Fargo Advantage Large Cap Growth Fund
|
|
|
281,090
|
|
|
|
3,240
|
|
|
|
13,491
|
|
|
|
270,839
|
|
|
10,733,363
|
|
Wells Fargo Advantage Small Cap Value Fund
|
|
|
510,204
|
|
|
|
16,789
|
|
|
|
26,831
|
|
|
|
500,162
|
|
|
17,630,717
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
48,053,177
|
|
Derivative transactions
As of August 31, 2013, the Portfolio entered into futures contracts to gain market exposure to certain asset classes consistent with an active asset
allocation strategy.
At August 31, 2013, the Portfolio had long and short futures contracts outstanding as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expiration
date
|
|
|
Contracts
|
|
|
Type
|
|
Contract value
at August 31, 2013
|
|
|
Unrealized
gains (losses)
|
|
|
9-19-2013
|
|
|
|
62 Long
|
|
|
S&P 500 Index
|
|
$
|
25,285,150
|
|
|
$
|
423,290
|
|
|
9-20-2013
|
|
|
|
679 Short
|
|
|
MSCI EAFE Index
|
|
|
57,433,215
|
|
|
|
(202,803
|
)
|
|
9-20-2013
|
|
|
|
255 Short
|
|
|
MSCI Emerging Markets Index
|
|
|
11,695,575
|
|
|
|
225,814
|
|
|
9-20-2013
|
|
|
|
568 Long
|
|
|
Russell 2000 Index
|
|
|
57,373,680
|
|
|
|
2,503,165
|
|
As of August 31, 2013, the Fund had segregated $2,000,000 as cash collateral for open futures contracts.
The following is a list of common abbreviations for terms and entities that may have appeared in this report.
ACA ACA Financial Guaranty Corporation
ADR
American depositary receipt
ADS American depositary shares
AGC Assured Guaranty Corporation
AGM Assured
Guaranty Municipal
Ambac Ambac Financial Group Incorporated
AMT Alternative minimum tax
AUD Australian dollar
BAN Bond anticipation notes
BHAC Berkshire
Hathaway Assurance Corporation
BRL Brazilian real
CAB Capital appreciation bond
CAD Canadian dollar
CCAB Convertible capital appreciation bond
CDA
Community Development Authority
CDO Collateralized debt obligation
CHF Swiss franc
COP Certificate of participation
DKK Danish krone
DRIVER Derivative inverse
tax-exempt receipts
DW&P Department of Water & Power
DWR Department of Water Resources
ECFA
Educational & Cultural Facilities Authority
EDA Economic Development Authority
EDFA Economic Development Finance Authority
ETF
Exchange-traded fund
EUR Euro
FDIC Federal
Deposit Insurance Corporation
FFCB Federal Farm Credit Banks
FGIC Financial Guaranty Insurance Corporation
FHA
Federal Housing Administration
FHLB Federal Home Loan Bank
FHLMC Federal Home Loan Mortgage Corporation
FICO
The Financing Corporation
FNMA Federal National Mortgage Association
FSA Farm Service Agency
GBP Great British pound
GDR Global depositary receipt
GNMA Government
National Mortgage Association
GO General obligation
HCFR Healthcare facilities revenue
HEFA
Health & Educational Facilities Authority
HEFAR Higher education facilities authority revenue
HFA Housing Finance Authority
HFFA Health
Facilities Financing Authority
HKD Hong Kong dollar
HUD Department of Housing and Urban Development
HUF
Hungarian forint
IDA Industrial Development Authority
IDAG Industrial Development Agency
IDR Industrial
development revenue
IEP Irish pound
JPY
Japanese yen
KRW Republic of Korea won
LIBOR
London Interbank Offered Rate
LIQ Liquidity agreement
LLC Limited liability company
LLP Limited
liability partnership
LOC Letter of credit
LP
Limited partnership
MBIA Municipal Bond Insurance Association
MFHR Multifamily housing revenue
MSTR Municipal
securities trust receipts
MTN Medium-term note
MUD
Municipal Utility District
MXN Mexican peso
MYR Malaysian ringgit
National National Public
Finance Guarantee Corporation
NOK Norwegian krone
NZD New Zealand dollar
PCFA Pollution Control
Financing Authority
PCL Public Company Limited
PCR
Pollution control revenue
PFA Public Finance Authority
PFFA Public Facilities Financing Authority
PFOTER
Puttable floating option tax-exempt receipts
plc Public limited company
PLN Polish zloty
PUTTER Puttable tax-exempt
receipts
R&D Research & development
Radian Radian Asset Assurance
RAN Revenue
anticipation notes
RDA Redevelopment Authority
RDFA
Redevelopment Finance Authority
REIT Real estate investment trust
ROC Reset option certificates
SAVRS Select auction
variable rate securities
SBA Small Business Authority
SEK Swedish krona
SFHR Single-family housing
revenue
SFMR Single-family mortgage revenue
SGD
Singapore dollar
SKK Slovakian koruna
SPA
Standby purchase agreement
SPDR Standard & Poors Depositary Receipts
STRIPS Separate trading of registered interest and principal securities
TAN Tax anticipation notes
TBA To be announced
TIPS Treasury inflation-protected securities
TRAN
Tax revenue anticipation notes
TRY Turkish lira
TTFA Transportation Trust Fund Authority
TVA
Tennessee Valley Authority
ZAR South African rand
ITEM 2. CONTROLS AND PROCEDURES
(a) The President and Treasurer have concluded that the Wells Fargo Funds Trust (the Trust) disclosure controls and procedures (as defined in Rule
30a-3(c) under the Investment Company Act of 1940) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons based on their evaluation of these controls and procedures as of a date
within 90 days of the filing of this report.
(b) There were no significant changes in the Trusts internal controls over financial reporting (as
defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the second fiscal quarter of the period covered by this report that materially affected, or is reasonably likely to materially affect, the registrants
internal control over financial reporting.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
|
|
|
Wells Fargo Funds Trust
|
|
|
By:
|
|
/s/ Karla M. Rabusch
|
|
|
Karla M. Rabusch
|
|
|
President
|
|
Date: October 28, 2013
|
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of
1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated.
|
|
|
Wells Fargo Funds Trust
|
|
|
By:
|
|
/s/ Karla M. Rabusch
|
|
|
Karla M. Rabusch
|
|
|
President
|
|
Date: October 28, 2013
|
|
|
By:
|
|
/s/ Nancy Wiser
|
|
|
Nancy Wiser
|
|
|
Treasurer
|
|
Date: October 28, 2013
|
|
|
By:
|
|
/s/ Jeremy DePalma
|
|
|
Jeremy DePalma
|
|
|
Treasurer
|
|
Date: October 28, 2013
|
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