ESACX : Wells Fargo Adjustable Rate Government Fund - Class C

Fund Summary

The investment seeks current income consistent with capital preservation. The fund normally invests at least 80% of its net assets in mortgage-backed and asset-backed securities issued or guaranteed by U.S. government agencies or government-sponsored entities, which have interest rates that reset at periodic intervals; and up to 20% of the fund's total assets in obligations that pay fixed interest rates. It invests principally in mortgage-backed securities (including collateralized mortgage obligations (CMOs)) and asset-backed securities issued or guaranteed by U.S. government agencies or government-sponsored entities.