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Wells Fargo Advantage Funds

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approved a structural change under which they will attempt to replicate the returns of the appropriate Dow Jones Target Date Index. The three Wells Fargo Advantage Outlook Funds that were approved for the conversion were: Proposal 1 To reapprove the Investment Advisory Agreement with Wells Fargo Funds Management, LLC, on behalf of the Wells Fargo Advantage Outlook Funds. Proposal 2 To approve an Investment Subadvisory Agreement with Global Index Advisors, Inc., on behalf of the Wells Fargo Advantage Outlook Funds.

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