Wells Fargo Funds Management, LLC
525 Market Street, 12th Floor
San Francisco, CA 94105
March 13, 2018
Via EDGAR
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
Re: Wells Fargo Funds Trust (the "Trust")
No. 333-74295/811-09253
Dear Sir or Madam:
Pursuant to Rule 497(e) under the Securities Act of 1933, as amended, attached for filing are exhibits containing interactive data relating to the Wells Fargo Small Company Value Fund, Institutional Class (the "Fund"). The interactive data relates to summary information that mirrors the Fund's summary information in its supplement dated March 2, 2018 (SEC Accession No. 0001081400-18-000188). The 497(e) is being filed for the sole purpose of submitting the XBRL exhibit for the Fund.
If you have any questions, please contact me at (617) 210-3682.
Very truly yours,
/s/ Maureen Towle
Maureen Towle
Senior Counsel
| Label | Element | Value |
|---|---|---|
| Prospectus: | rr_ProspectusTable | |
| Document Type | dei_DocumentType | 497 |
| Document Period End Date | dei_DocumentPeriodEndDate | May 31, 2017 |
| Registrant Name | dei_EntityRegistrantName | WELLS FARGO FUNDS TRUST |
| Central Index Key | dei_EntityCentralIndexKey | 0001081400 |
| Amendment Flag | dei_AmendmentFlag | false |
| Document Creation Date | dei_DocumentCreationDate | Mar. 02, 2018 |
| Document Effective Date | dei_DocumentEffectiveDate | Mar. 02, 2018 |
| Prospectus Date | rr_ProspectusDate | Oct. 01, 2017 |
Mar. 02, 2018 |
|---|
|
SUPPLEMENT TO THE INSTITUTIONAL CLASS PROSPECTUS AND SUMMARY PROSPECTUS
OF WELLS FARGO U.S. EQUITY FUNDS For the Wells Fargo Small Company Value Fund(the "Fund") At a meeting held on February 27-28, 2018, the Board of Trustees of the Fund approved a change in the Fund's sub-adviser from Peregrine Capital Management ("Peregrine") to Wells Capital Management Inc. ("Wells Capital Management"), effective on or about May 1, 2018. In connection with this change, the Prospectus is amended as follows:
I. Principal Investment Strategy Changes Effective on or about May 1, 2018, the section entitled "Fund Summary - Principal Investment Strategies" is deleted and replaced with the following:
Under normal circumstances, we invest:
The Fund is a gateway fund that invests substantially all of its assets in the Small Company Value Portfolio, a master portfolio with a substantially identical investment objective and substantially similar investment strategies. We may invest in additional master portfolios, in other Wells Fargo Funds, or directly in a portfolio of securities.
We invest principally in equity securities of small-capitalization companies, which we define as companies with market capitalizations within the range of the Russell 2000® Index at the time of purchase. The market capitalization range of the Russell 2000® Index was approximately $4 million to $12.9 billion, as of January 31, 2018 and is expected to change frequently.
Our team's strategy is designed to provide exposure to small public companies with current stock prices that we believe do not accurately reflect their intrinsic values. We use bottom-up fundamental analysis to execute our investment philosophy which focuses on identifying three core alpha drivers: value, quality partner, and contrarian. First and foremost, we believe a prospective company should possess attractive value characteristics such as being priced at a discount relative to peers and the company's own historic valuation metrics. We also seek companies that are shareholder-friendly quality partner firms demonstrating favorable cash flow generating capabilities and that have the management, business model, products and resources to drive organic growth. Lastly, the investment should exhibit what we believe are contrarian characteristics and be in a unique position for value creation, yet, overlooked by the investment community. We may sell a stock when it becomes fairly valued or when signs of fundamental deterioration surface.
II. Contractual Expense Cap Changes Effective on or about May 1, 2018, the expense cap is being lowered as follows:
The Manager has contractually committed through September 30, 2019, to waive fees and/or reimburse expenses to the extent necessary to cap the Fund's Total Annual Fund Operating Expenses After Fee Waiver at 0.85%. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses and extraordinary expenses are excluded from the cap. After this time, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees.
|
| Label | Element | Value |
|---|---|---|
| Prospectus: | rr_ProspectusTable | |
| Supplement Text Block | wfscvfund-20180302_SupplementTextBlock |
SUPPLEMENT TO THE INSTITUTIONAL CLASS PROSPECTUS AND SUMMARY PROSPECTUS
OF WELLS FARGO U.S. EQUITY FUNDS For the Wells Fargo Small Company Value Fund(the "Fund") At a meeting held on February 27-28, 2018, the Board of Trustees of the Fund approved a change in the Fund's sub-adviser from Peregrine Capital Management ("Peregrine") to Wells Capital Management Inc. ("Wells Capital Management"), effective on or about May 1, 2018. In connection with this change, the Prospectus is amended as follows:
I. Principal Investment Strategy Changes Effective on or about May 1, 2018, the section entitled "Fund Summary - Principal Investment Strategies" is deleted and replaced with the following:
Under normal circumstances, we invest:
The Fund is a gateway fund that invests substantially all of its assets in the Small Company Value Portfolio, a master portfolio with a substantially identical investment objective and substantially similar investment strategies. We may invest in additional master portfolios, in other Wells Fargo Funds, or directly in a portfolio of securities.
We invest principally in equity securities of small-capitalization companies, which we define as companies with market capitalizations within the range of the Russell 2000® Index at the time of purchase. The market capitalization range of the Russell 2000® Index was approximately $4 million to $12.9 billion, as of January 31, 2018 and is expected to change frequently.
Our team's strategy is designed to provide exposure to small public companies with current stock prices that we believe do not accurately reflect their intrinsic values. We use bottom-up fundamental analysis to execute our investment philosophy which focuses on identifying three core alpha drivers: value, quality partner, and contrarian. First and foremost, we believe a prospective company should possess attractive value characteristics such as being priced at a discount relative to peers and the company's own historic valuation metrics. We also seek companies that are shareholder-friendly quality partner firms demonstrating favorable cash flow generating capabilities and that have the management, business model, products and resources to drive organic growth. Lastly, the investment should exhibit what we believe are contrarian characteristics and be in a unique position for value creation, yet, overlooked by the investment community. We may sell a stock when it becomes fairly valued or when signs of fundamental deterioration surface.
II. Contractual Expense Cap Changes Effective on or about May 1, 2018, the expense cap is being lowered as follows:
The Manager has contractually committed through September 30, 2019, to waive fees and/or reimburse expenses to the extent necessary to cap the Fund's Total Annual Fund Operating Expenses After Fee Waiver at 0.85%. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses and extraordinary expenses are excluded from the cap. After this time, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees.
|
| (Wells Fargo Small Company Value Fund - Institutional Class) | (Wells Fargo Small Company Value Fund) | ||
| Prospectus: | rr_ProspectusTable | |
| Expense Footnotes [Text Block] | rr_ExpenseFootnotesTextBlock | The Manager has contractually committed through September 30, 2019, to waive fees and/or reimburse expenses to the extent necessary to cap the Fund's Total Annual Fund Operating Expenses After Fee Waiver at 0.85%. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses and extraordinary expenses are excluded from the cap. After this time, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees. |
| Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | September 30, 2019 |
| Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | Under normal circumstances, we invest:
The Fund is a gateway fund that invests substantially all of its assets in the Small Company Value Portfolio, a master portfolio with a substantially identical investment objective and substantially similar investment strategies. We may invest in additional master portfolios, in other Wells Fargo Funds, or directly in a portfolio of securities. We invest principally in equity securities of small-capitalization companies, which we define as companies with market capitalizations within the range of the Russell 2000® Index at the time of purchase. The market capitalization range of the Russell 2000® Index was approximately $4 million to $12.9 billion, as of January 31, 2018 and is expected to change frequently. Our team's strategy is designed to provide exposure to small public companies with current stock prices that we believe do not accurately reflect their intrinsic values. We use bottom-up fundamental analysis to execute our investment philosophy which focuses on identifying three core alpha drivers: value, quality partner, and contrarian. First and foremost, we believe a prospective company should possess attractive value characteristics such as being priced at a discount relative to peers and the company's own historic valuation metrics. We also seek companies that are shareholder-friendly quality partner firms demonstrating favorable cash flow generating capabilities and that have the management, business model, products and resources to drive organic growth. Lastly, the investment should exhibit what we believe are contrarian characteristics and be in a unique position for value creation, yet, overlooked by the investment community. We may sell a stock when it becomes fairly valued or when signs of fundamental deterioration surface. |
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