Wells Fargo Factor Enhanced International Fund

C000191026 Fund Overview

Wells Fargo Factor Enhanced International Fund is a US mutual fund managed by Allspring Funds Trust, categorised as Developed ex-US Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Allspring Funds Trust
• Category: Developed ex-US Blend / Core Equity
• Assets under management: $1.04M
• SEC CIK: 0001081400
• SEC series ID: S000058274
• Share class ID: C000191026

C000191026 Investment Objective and Strategy

Wells Fargo Factor Enhanced International Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Allspring Funds Trust.

Investment objective

"The Fund seeks to replicate the total return of the Wells Fargo Factor Enhanced International Index (the ""Index""), before fees and expenses."

Principal investment strategy

"The Fund is a feeder fund that invests substantially all of its assets in the Wells Fargo Factor Enhanced International Portfolio (the ""Master Portfolio""), a master portfolio with an identical investment objective that invests, under normal circumstances, at least 80% of its net assets in a diversified portfolio of equity securities designed to replicate the performance of the Index. The Master Portfolio generally invests its assets in the equity securities that are included in the Index or correlated with Index constituents for the purpose of market access. This rules-based proprietary index is designed to deliver exposure to equity securities of foreign issuers in developed markets (which are defined as constituents of the Wells Fargo Developed Markets Ex USA Equity Index), and is constructed to provide exposure to factors (or characteristics) that are commonly tied to a stock's potential for enhanced risk-adjusted returns relative to the market.

Those factors include, but are not limited to value, quality, momentum, size, and low volatility. The process to construct the Index begins with a reference index universe and systematically excludes constituents based on their expected contribution to projected risk and return of that overall universe. Each constituent's expected contribution to the overall risk and return of the universe is a function of that constituent's factor exposures and the volatility of each factor. The Index has approximately 1,100 constituents and is expected to rebalance quarterly. The Master Portfolio may invest up to 20% of its assets in index futures for the purpose of managing ongoing cash flows. The Master Portfolio will generally attempt to fully replicate the Index. However it may, at the portfolio managers' discretion, rely on statistical sampling techniques to select securities in order to construct a portfolio that exhibits characteristics and performance of the Index, without incurring the transaction costs associated with purchasing every security in the Index.

A precise duplication of the Index would mean that the net asset value (""NAV"") of Master Portfolio shares, including dividends and capital gains, would increase or decrease in exact proportion to changes in the Index. Such an exact replication is not feasible. The Master Portfolio's ability to track the performance of the Index may be affected by, among other things, transaction costs, shareholder purchases and redemptions, sampling techniques (if used), and investments in index futures that track broad-based market indexes. The Master Portfolio's portfolio managers continually monitor the performance and composition of the Index and adjust the Master Portfolio's holdings as necessary to reflect any changes to the Index. Under normal circumstances, the Master Portfolio is expected to concentrate its investments in an industry to approximately the same extent that the Index is concentrated in such industry.

The components of the Index may change over time and the Index may or may not be concentrated in an industry at any particular time."

C000191026 Costs and Fees

C000191026 costs about $0 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.00%
• Gross expense ratio: 12.14%
• Portfolio turnover: 47%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000191026 Cashflows

Over the 12 months to 2019-11, Wells Fargo Factor Enhanced International Fund had net inflows of $0, from monthly SEC N-PORT filings.

C000191026 Debt Constituents

No individual debt constituents are reported in Wells Fargo Factor Enhanced International Fund's latest SEC N-PORT filing.

C000191026 Prospectus and SEC Filings

Official Wells Fargo Factor Enhanced International Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-07-09
• Prospectus (485BPOS) — filed 2018-07-03
• Prospectus (485BPOS) — filed 2017-08-11
• Portfolio holdings (N-PORT) — filed 2020-01-28
• Annual census (N-CEN) — filed 2019-05-14

Related Funds

Other Developed ex-US Blend / Core Equity funds tracked on ABC INVEST:

• State Street International Stock Selection Fund (SSAIX)
• Columbia Pyrford International Stock Fund (PISJX)
• Core Market Neutral Fund (STTKX)
• Long Cramer Tracker ETF (LJIM)
• Baillie Gifford International Smaller Companies Fund (BICKX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.