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: 811-21331
Wells Fargo Advantage Multi-Sector Income Fund
(Exact name of registrant as specified in charter)
525 Market Street, 12th Floor, San Francisco, CA 94105
(Address of principal executive offices) (Zip code)
C. David Messman
Wells Fargo Funds Management, LLC
525 Market Street, 12th Floor, San Francisco, CA 94105
(Name and address of agent for service)
Registrants telephone number, including area code: 800-643-9691
Date of fiscal year end: October 31, 2010
Date of reporting period: July 31, 2011
ITEM 1. SCHEDULE OF INVESTMENTS
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND | PORTFOLIO OF INVESTMENTS July 31, 2011 (UNAUDITED) |
Security Name | Interest Rate | Maturity Date | Principal | Value | ||||||||||||
Agency Securities: 29.87% |
||||||||||||||||
FHLB±¤ |
2.53 | % | 12/01/2034 | $ | 6,993,069 | $ | 7,332,451 | |||||||||
FHLB±¤ |
2.59 | 06/01/2035 | 2,982,193 | 3,151,724 | ||||||||||||
FHLB± |
2.65 | 11/01/2030 | 371,329 | 391,167 | ||||||||||||
FHLB± |
2.80 | 07/01/2033 | 288,950 | 290,058 | ||||||||||||
FHLMC± |
2.42 | 08/01/2035 | 1,763,164 | 1,854,489 | ||||||||||||
FHLMC± |
2.49 | 09/01/2035 | 5,210,252 | 5,477,000 | ||||||||||||
FHLMC± |
2.49 | 06/01/2036 | 3,216,143 | 3,378,013 | ||||||||||||
FHLMC± |
2.50 | 01/01/2036 | 6,601,844 | 6,937,776 | ||||||||||||
FHLMC±¤ |
2.50 | 12/01/2035 | 4,733,889 | 4,969,091 | ||||||||||||
FHLMC±¤ |
2.51 | 04/01/2034 | 14,179,958 | 14,919,309 | ||||||||||||
FHLMC±¤ |
2.52 | 08/01/2035 | 4,994,381 | 5,265,718 | ||||||||||||
FHLMC± |
2.54 | 07/01/2032 | 421,426 | 422,688 | ||||||||||||
FHLMC± |
2.56 | 09/01/2032 | 481,326 | 507,381 | ||||||||||||
FHLMC± |
2.60 | 10/01/2033 | 187,922 | 197,771 | ||||||||||||
FHLMC± |
2.64 | 10/01/2030 | 328,500 | 346,983 | ||||||||||||
FHLMC± |
2.72 | 01/01/2038 | 3,424,491 | 3,591,228 | ||||||||||||
FHLMC± |
2.73 | 06/01/2033 | 192,426 | 194,638 | ||||||||||||
FHLMC±¤ |
2.75 | 09/01/2038 | 6,275,729 | 6,589,649 | ||||||||||||
FHLMC± |
2.79 | 10/01/2030 | 17,857 | 18,482 | ||||||||||||
FHLMC± |
2.81 | 08/01/2030 | 392,626 | 413,719 | ||||||||||||
FHLMC± |
2.88 | 12/01/2026 | 69,308 | 70,606 | ||||||||||||
FHLMC± |
3.53 | 06/01/2018 | 54,037 | 54,120 | ||||||||||||
FHLMC± |
3.57 | 05/01/2019 | 3,981 | 3,995 | ||||||||||||
FHLMC± |
3.89 | 10/01/2022 | 69,474 | 69,867 | ||||||||||||
FHLMC± |
4.07 | 10/01/2037 | 2,849,880 | 2,928,256 | ||||||||||||
FHLMC± |
4.40 | 01/01/2027 | 139,303 | 146,501 | ||||||||||||
FHLMC± |
5.00 | 07/01/2035 | 331,350 | 349,148 | ||||||||||||
FHLMC± |
5.65 | 11/01/2036 | 1,374,495 | 1,444,195 | ||||||||||||
FHLMC |
8.50 | 04/01/2015 | 23,621 | 24,175 | ||||||||||||
FHLMC |
8.50 | 07/01/2028 | 137,801 | 165,844 | ||||||||||||
FHLMC |
8.50 | 03/01/2030 | 76,411 | 87,963 | ||||||||||||
FHLMC Series 0196 Class A± |
0.99 | 12/15/2021 | 95,002 | 95,040 | ||||||||||||
FHLMC Series 1383±¤ |
5.81 | 02/01/2037 | 2,122,768 | 2,290,443 | ||||||||||||
FHLMC Series 2390 Class FD± |
0.64 | 12/15/2031 | 94,722 | 94,576 | ||||||||||||
FHLMC Series 2411 Class F± |
0.74 | 02/15/2032 | 123,353 | 123,477 | ||||||||||||
FHLMC Series 2431 Class F± |
0.69 | 03/15/2032 | 3,864,324 | 3,865,124 | ||||||||||||
FHLMC Series 2567 Class FH± |
0.59 | 02/15/2033 | 200,630 | 200,329 | ||||||||||||
FNMA± |
1.35 | 04/01/2028 | 107,796 | 110,828 | ||||||||||||
FNMA± |
1.68 | 10/01/2034 | 296,987 | 304,237 | ||||||||||||
FNMA± |
2.00 | 04/01/2019 | 6,645 | 6,662 | ||||||||||||
FNMA± |
2.21 | 10/01/2035 | 1,499,203 | 1,545,499 | ||||||||||||
FNMA± |
2.25 | 01/01/2017 | 44,765 | 46,288 | ||||||||||||
FNMA±¤ |
2.26 | 12/01/2035 | 1,815,494 | 1,873,895 | ||||||||||||
FNMA± |
2.26 | 12/01/2031 | 57,103 | 57,618 | ||||||||||||
FNMA± |
2.32 | 06/01/2035 | 3,464,765 | 3,634,438 | ||||||||||||
FNMA± |
2.36 | 03/01/2033 | 164,073 | 171,981 | ||||||||||||
FNMA± |
2.39 | 01/01/2036 | 2,781,183 | 2,914,201 | ||||||||||||
FNMA±¤ |
2.39 | 03/01/2035 | 5,699,073 | 5,987,090 | ||||||||||||
FNMA± |
2.40 | 06/01/2024 | 149,709 | 156,421 | ||||||||||||
FNMA± |
2.41 | 03/01/2034 | 532,529 | 558,330 | ||||||||||||
FNMA±¤ |
2.43 | 08/01/2036 | 2,406,169 | 2,494,760 | ||||||||||||
FNMA± |
2.44 | 12/01/2026 | 114,326 | 119,959 | ||||||||||||
FNMA±¤ |
2.45 | 04/01/2034 | 4,788,684 | 5,029,058 | ||||||||||||
FNMA± |
2.46 | 07/01/2038 | 230,200 | 241,414 | ||||||||||||
FNMA± |
2.48 | 06/01/2029 | 178,289 | 187,770 | ||||||||||||
FNMA±¤ |
2.48 | 07/01/2038 | 2,439,852 | 2,574,207 | ||||||||||||
FNMA± |
2.48 | 02/01/2035 | 336,173 | 354,733 | ||||||||||||
FNMA± |
2.49 | 12/01/2028 | 43,292 | 43,851 | ||||||||||||
FNMA± |
2.50 | 07/01/2033 | 40,020 | 40,321 | ||||||||||||
FNMA± |
2.50 | 01/01/2026 | 236,748 | 250,606 | ||||||||||||
FNMA± |
2.53 | 01/01/2035 | 1,740,517 | 1,826,979 | ||||||||||||
FNMA±¤ |
2.53 | 08/01/2039 | 5,843,396 | 6,164,765 | ||||||||||||
FNMA± |
2.55 | 07/01/2048 | 325,307 | 342,534 |
The Portfolio of Investments should be read in conjunction with the Financial Statements and Notes to Financial Statements which are included in the Funds audited Annual Report and Semi-Annual Report. These reports include additional information about the Funds security valuation policies and about certain security types invested in by the Fund.
1
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND | PORTFOLIO OF INVESTMENTS July 31, 2011 (UNAUDITED) |
Security Name | Interest Rate | Maturity Date | Principal | Value | ||||||||||||
Agency Securities (continued) |
| |||||||||||||||
FNMA± |
2.56 | % | 12/01/2029 | $ | 55,829 | $ | 59,108 | |||||||||
FNMA± |
2.57 | 06/01/2031 | 97,437 | 98,528 | ||||||||||||
FNMA± |
2.57 | 07/01/2026 | 35,959 | 38,076 | ||||||||||||
FNMA± |
2.58 | 06/01/2038 | 3,919,989 | 4,136,230 | ||||||||||||
FNMA± |
2.60 | 05/01/2030 | 233,289 | 245,208 | ||||||||||||
FNMA±¤ |
2.61 | 02/01/2036 | 1,463,780 | 1,552,631 | ||||||||||||
FNMA± |
2.61 | 08/01/2030 | 157,832 | 166,708 | ||||||||||||
FNMA±¤ |
2.62 | 10/01/2034 | 11,025,925 | 11,564,387 | ||||||||||||
FNMA± |
2.62 | 08/01/2028 | 71,747 | 75,313 | ||||||||||||
FNMA± |
2.65 | 04/01/2017 | 1,863,427 | 1,925,123 | ||||||||||||
FNMA± |
2.69 | 03/01/2034 | 14,885 | 15,697 | ||||||||||||
FNMA± |
2.71 | 06/01/2036 | 4,794,829 | 5,050,025 | ||||||||||||
FNMA±¤ |
2.75 | 01/01/2038 | 3,382,035 | 3,479,322 | ||||||||||||
FNMA± |
2.75 | 12/01/2016 | 8,454 | 8,521 | ||||||||||||
FNMA±¤ |
2.77 | 07/01/2036 | 1,354,013 | 1,428,110 | ||||||||||||
FNMA±¤ |
2.77 | 04/01/2036 | 2,023,573 | 2,098,760 | ||||||||||||
FNMA± |
2.78 | 04/01/2033 | 119,202 | 125,291 | ||||||||||||
FNMA±¤ |
2.79 | 05/01/2035 | 3,525,465 | 3,719,342 | ||||||||||||
FNMA± |
2.80 | 11/01/2035 | 2,373,419 | 2,500,035 | ||||||||||||
FNMA± |
2.80 | 05/01/2036 | 10,571,412 | 11,179,277 | ||||||||||||
FNMA± |
2.84 | 09/01/2032 | 198,527 | 200,025 | ||||||||||||
FNMA± |
2.84 | 12/01/2017 | 678,178 | 700,587 | ||||||||||||
FNMA± |
2.85 | 09/01/2027 | 178,566 | 189,059 | ||||||||||||
FNMA± |
2.87 | 05/01/2036 | 920,908 | 948,409 | ||||||||||||
FNMA± |
2.88 | 04/01/2035 | 2,788,439 | 2,946,092 | ||||||||||||
FNMA± |
2.92 | 08/01/2035 | 2,820,680 | 2,991,874 | ||||||||||||
FNMA± |
2.93 | 10/01/2033 | 3,959,382 | 4,180,763 | ||||||||||||
FNMA± |
3.09 | 02/01/2017 | 1,574,022 | 1,633,897 | ||||||||||||
FNMA±¤ |
3.10 | 07/01/2038 | 2,333,332 | 2,447,804 | ||||||||||||
FNMA± |
3.12 | 07/01/2030 | 99,814 | 100,008 | ||||||||||||
FNMA± |
3.22 | 10/01/2029 | 101,635 | 105,632 | ||||||||||||
FNMA± |
3.78 | 01/01/2015 | 17,579 | 17,603 | ||||||||||||
FNMA± |
3.82 | 01/01/2030 | 64,837 | 65,276 | ||||||||||||
FNMA± |
4.12 | 07/01/2035 | 2,142,006 | 2,258,634 | ||||||||||||
FNMA±¤ |
4.29 | 02/01/2035 | 5,605,631 | 5,785,792 | ||||||||||||
FNMA± |
4.31 | 04/01/2025 | 86,054 | 86,916 | ||||||||||||
FNMA± |
4.44 | 08/01/2027 | 213,849 | 216,217 | ||||||||||||
FNMA± |
4.55 | 12/01/2036 | 43,422 | 45,439 | ||||||||||||
FNMA± |
4.61 | 04/01/2031 | 670,195 | 705,705 | ||||||||||||
FNMA± |
4.78 | 12/01/2034 | 1,401,945 | 1,491,891 | ||||||||||||
FNMA±¤ |
4.85 | 04/01/2034 | 3,058,782 | 3,190,416 | ||||||||||||
FNMA± |
4.89 | 11/01/2024 | 194,309 | 205,964 | ||||||||||||
FNMA± |
4.95 | 01/01/2034 | 462,808 | 466,854 | ||||||||||||
FNMA± |
5.11 | 12/01/2022 | 13,439 | 13,472 | ||||||||||||
FNMA±¤ |
5.28 | 09/01/2032 | 2,617,784 | 2,797,411 | ||||||||||||
FNMA± |
6.00 | 05/01/2021 | 5,471 | 5,481 | ||||||||||||
FNMA± |
6.00 | 08/01/2021 | 9,481 | 9,510 | ||||||||||||
FNMA |
6.00 | 04/01/2033 | 192,787 | 214,647 | ||||||||||||
FNMA± |
6.10 | 12/01/2013 | 176,860 | 179,134 | ||||||||||||
FNMA± |
6.14 | 12/01/2020 | 100,384 | 100,284 | ||||||||||||
FNMA±¤ |
6.24 | 09/01/2037 | 2,066,004 | 2,227,537 | ||||||||||||
FNMA |
6.50 | 11/01/2032 | 66,695 | 75,928 | ||||||||||||
FNMA |
7.50 | 07/01/2017 | 168,196 | 186,018 | ||||||||||||
FNMA |
7.50 | 10/01/2028 | 13,338 | 13,395 | ||||||||||||
FNMA |
7.50 | 11/01/2028 | 166,486 | 195,849 | ||||||||||||
FNMA |
7.50 | 02/01/2030 | 44,685 | 52,073 | ||||||||||||
FNMA |
7.50 | 09/01/2030 | 103,211 | 117,604 | ||||||||||||
FNMA |
7.50 | 07/01/2032 | 22,183 | 22,942 | ||||||||||||
FNMA |
8.00 | 12/01/2024 | 12,631 | 12,799 | ||||||||||||
FNMA |
8.00 | 06/01/2030 | 125,867 | 144,160 | ||||||||||||
FNMA |
12.00 | 01/01/2016 | 18,226 | 20,086 | ||||||||||||
FNMA Series 1996-46 Class FA± |
0.72 | 08/25/2021 | 55,892 | 55,890 | ||||||||||||
FNMA Series 2001-25 Class Z |
6.00 | 06/25/2031 | 607,674 | 686,190 |
The Portfolio of Investments should be read in conjunction with the Financial Statements and Notes to Financial Statements which are included in the Funds audited Annual Report and Semi-Annual Report. These reports include additional information about the Funds security valuation policies and about certain security types invested in by the Fund.
2
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND | PORTFOLIO OF INVESTMENTS July 31, 2011 (UNAUDITED) |
Security Name | Interest Rate | Maturity Date | Principal | Value | ||||||||||||
Agency Securities (continued) |
||||||||||||||||
FNMA Series 2001-35 Class F± |
0.79 | % | 07/25/2031 | $ | 29,286 | $ | 29,364 | |||||||||
FNMA Series 2001-57 Class F± |
0.69 | 06/25/2031 | 29,484 | 29,492 | ||||||||||||
FNMA Series 2001-T10 Class A2 |
7.50 | 12/25/2041 | 270,946 | 302,563 | ||||||||||||
FNMA Series 2002-77 Class FH± |
0.59 | 12/18/2032 | 190,440 | 189,761 | ||||||||||||
FNMA Series 2002-95 Class FK± |
0.69 | 01/25/2033 | 4,344,342 | 4,349,135 | ||||||||||||
FNMA Series 2002-97 Class FR± |
0.74 | 01/25/2033 | 63,156 | 63,124 | ||||||||||||
FNMA Series 2003-W8 Class 3F2± |
0.54 | 05/25/2042 | 1,376,972 | 1,371,021 | ||||||||||||
FNMA Series G91-16 Class F± |
0.67 | 06/25/2021 | 64,225 | 64,165 | ||||||||||||
FNMA Series G92-17 Class F± |
1.27 | 03/25/2022 | 127,938 | 129,361 | ||||||||||||
GNMA |
6.50 | 06/15/2028 | 81,944 | 93,941 | ||||||||||||
GNMA |
7.25 | 07/15/2017 | 39,688 | 44,265 | ||||||||||||
GNMA |
7.25 | 08/15/2017 | 59,909 | 66,595 | ||||||||||||
GNMA |
7.25 | 08/15/2017 | 47,304 | 52,519 | ||||||||||||
GNMA |
7.25 | 08/15/2017 | 15,976 | 17,818 | ||||||||||||
GNMA |
7.25 | 09/15/2017 | 61,006 | 68,041 | ||||||||||||
GNMA |
7.25 | 10/15/2017 | 110,993 | 123,447 | ||||||||||||
GNMA |
7.25 | 10/15/2017 | 51,061 | 56,570 | ||||||||||||
GNMA |
7.25 | 11/15/2017 | 40,963 | 45,223 | ||||||||||||
GNMA |
7.25 | 01/15/2018 | 30,470 | 34,009 | ||||||||||||
GNMA |
7.25 | 01/15/2018 | 32,511 | 36,534 | ||||||||||||
GNMA |
7.25 | 02/15/2018 | 33,126 | 36,971 | ||||||||||||
GNMA |
7.25 | 05/15/2018 | 17,156 | 18,899 | ||||||||||||
GNMA Series 2001-61 Class FA± |
0.69 | 09/20/2030 | 1,348 | 1,348 | ||||||||||||
Total Agency Securities (Cost $206,372,874) |
210,102,564 | |||||||||||||||
Shares | ||||||||||||||||
Common Stocks: 0.08% |
||||||||||||||||
Consumer Discretionary: 0.00% |
||||||||||||||||
Hotels, Restaurants & Leisure: 0.00% |
||||||||||||||||
Trump Entertainment Resorts Incorporated(a) |
1,161 | 0 | ||||||||||||||
Telecommunication Services: 0.08% |
||||||||||||||||
Diversified Telecommunication Services: 0.08% |
||||||||||||||||
Fairpoint Communications Incorporated |
70,442 | 535,359 | ||||||||||||||
Total Common Stocks (Cost $1,617,838) |
535,359 | |||||||||||||||
Interest Rate | Maturity Date | Principal | ||||||||||||||
Convertible Debentures: 0.16% |
||||||||||||||||
Information Technology: 0.16% |
||||||||||||||||
Communications Equipment: 0.16% |
||||||||||||||||
Lucent Technologies Incorporated Series B |
2.88 | 06/15/2025 | $ | 1,145,000 | 1,110,650 | |||||||||||
Total Convertible Debentures (Cost $765,113) |
1,110,650 | |||||||||||||||
Corporate Bonds and Notes: 54.06% |
||||||||||||||||
Consumer Discretionary: 9.99% |
||||||||||||||||
Auto Components: 1.14% |
||||||||||||||||
Allison Transmission Incorporated |
7.13 | 05/15/2019 | 3,050,000 | 2,989,000 | ||||||||||||
Cooper Tire & Rubber Company |
7.63 | 03/15/2027 | 1,895,000 | 1,835,781 | ||||||||||||
Cooper Tire & Rubber Company |
8.00 | 12/15/2019 | 450,000 | 469,125 | ||||||||||||
Goodyear Tire & Rubber Company |
8.75 | 08/15/2020 | 468,000 | 524,160 |
The Portfolio of Investments should be read in conjunction with the Financial Statements and Notes to Financial Statements which are included in the Funds audited Annual Report and Semi-Annual Report. These reports include additional information about the Funds security valuation policies and about certain security types invested in by the Fund.
3
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND | PORTFOLIO OF INVESTMENTS July 31, 2011 (UNAUDITED) |
Security Name | Interest Rate | Maturity Date | Principal | Value | ||||||||||||
Auto Components (continued) |
||||||||||||||||
Goodyear Tire & Rubber Company |
10.50 | % | 05/15/2016 | $ | 1,957,000 | $ | 2,204,071 | |||||||||
8,022,137 | ||||||||||||||||
Diversified Consumer Services: 1.56% |
||||||||||||||||
Carriage Services Incorporated |
7.88 | 01/15/2015 | 1,795,000 | 1,817,438 | ||||||||||||
Service Corporation International |
6.75 | 04/01/2016 | 475,000 | 513,000 | ||||||||||||
Service Corporation International |
7.00 | 05/15/2019 | 650,000 | 693,875 | ||||||||||||
Service Corporation International |
7.50 | 04/01/2027 | 3,965,000 | 3,846,050 | ||||||||||||
Service Corporation International |
8.00 | 11/15/2021 | 475,000 | 524,875 | ||||||||||||
Service Corporation International Series WI |
7.00 | 06/15/2017 | 1,610,000 | 1,746,850 | ||||||||||||
StoneMor Operating LP |
10.25 | 12/01/2017 | 1,815,000 | 1,815,000 | ||||||||||||
10,957,088 | ||||||||||||||||
Hotels, Restaurants & Leisure: 2.52% |
||||||||||||||||
American Casinos Incorporated |
7.50 | 04/15/2021 | 1,000,000 | 1,040,000 | ||||||||||||
Blue Merger Sub Incorporated |
7.63 | 02/15/2019 | 500,000 | 514,375 | ||||||||||||
Burger King Corporation |
9.88 | 10/15/2018 | 850,000 | 928,625 | ||||||||||||
Chukchansi Economic Development Authority± |
3.92 | 11/15/2012 | 1,375,000 | 1,113,750 | ||||||||||||
Citycenter Holdings LLC |
7.63 | 01/15/2016 | 175,000 | 182,875 | ||||||||||||
Citycenter Holdings LLC¥ |
11.50 | 01/15/2017 | 976,414 | 1,049,645 | ||||||||||||
DineEquity Incorporated |
9.50 | 10/30/2018 | 1,575,000 | 1,730,531 | ||||||||||||
Greektown Superholdings |
13.00 | 07/01/2015 | 4,125,000 | 4,614,844 | ||||||||||||
NAI Entertainment Holdings LLC |
8.25 | 12/15/2017 | 1,000,000 | 1,081,250 | ||||||||||||
Pinnacle Entertainment Incorporated |
7.50 | 06/15/2015 | 1,250,000 | 1,287,500 | ||||||||||||
Scientific Games Corporation |
9.25 | 06/15/2019 | 485,000 | 526,225 | ||||||||||||
Speedway Motorsports Incorporated |
6.75 | 02/01/2019 | 225,000 | 225,563 | ||||||||||||
Speedway Motorsports Incorporated |
8.75 | 06/01/2016 | 950,000 | 1,035,500 | ||||||||||||
Yonkers Racing Corporation |
11.38 | 07/15/2016 | 2,200,000 | 2,387,000 | ||||||||||||
17,717,683 | ||||||||||||||||
Household Durables: 0.01% |
||||||||||||||||
Sealy Corporation |
10.88 | 04/15/2016 | 66,000 | 73,755 | ||||||||||||
Media: 4.03% |
||||||||||||||||
Cablevision Systems Corporation |
8.63 | 09/15/2017 | 1,310,000 | 1,447,550 | ||||||||||||
CCH II Capital LLC |
13.50 | 11/30/2016 | 7,535,929 | 8,892,396 | ||||||||||||
Charter Communications Incorporated Step Bond |
10.88 | 09/15/2014 | 5,140,000 | 5,666,850 | ||||||||||||
Cinemark USA Incorporated |
7.38 | 06/15/2021 | 775,000 | 775,000 | ||||||||||||
Cinemark USA Incorporated |
8.63 | 06/15/2019 | 250,000 | 273,125 | ||||||||||||
CSC Holdings LLC |
7.88 | 02/15/2018 | 600,000 | 658,500 | ||||||||||||
CSC Holdings LLC |
8.50 | 04/15/2014 | 400,000 | 446,000 | ||||||||||||
DISH DBS Corporation |
7.88 | 09/01/2019 | 480,000 | 527,400 | ||||||||||||
EchoStar DBS Corporation |
6.63 | 10/01/2014 | 1,000,000 | 1,066,250 | ||||||||||||
EchoStar DBS Corporation |
7.13 | 02/01/2016 | 125,000 | 133,438 | ||||||||||||
EchoStar DBS Corporation |
7.75 | 05/31/2015 | 350,000 | 382,813 | ||||||||||||
Gray Television Incorporated |
10.50 | 06/29/2015 | 675,000 | 700,313 | ||||||||||||
Interactive Data Corporation |
10.25 | 08/01/2018 | 1,250,000 | 1,393,750 | ||||||||||||
Lamar Media Corporation Series C |
9.75 | 04/01/2014 | 375,000 | 433,594 | ||||||||||||
LIN Television Corporation |
8.38 | 04/15/2018 | 775,000 | 827,313 | ||||||||||||
Regal Cinemas Corporation |
8.63 | 07/15/2019 | 2,475,000 | 2,660,625 | ||||||||||||
Salem Communications Corporation |
9.63 | 12/15/2016 | 1,456,000 | 1,543,360 | ||||||||||||
Sirius XM Radio Incorporated |
13.00 | 08/01/2014 | 425,000 | 498,313 | ||||||||||||
28,326,590 | ||||||||||||||||
Multiline Retail: 0.08% |
||||||||||||||||
Saks Incorporated |
9.88 | 10/01/2011 | 585,000 | 591,636 |
The Portfolio of Investments should be read in conjunction with the Financial Statements and Notes to Financial Statements which are included in the Funds audited Annual Report and Semi-Annual Report. These reports include additional information about the Funds security valuation policies and about certain security types invested in by the Fund.
4
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND | PORTFOLIO OF INVESTMENTS July 31, 2011 (UNAUDITED) |
Security Name | Interest Rate | Maturity Date | Principal | Value | ||||||||||||
Specialty Retail: 0.35% |
||||||||||||||||
Gap Incorporated |
5.95 | % | 04/12/2021 | $ | 600,000 | $ | 592,217 | |||||||||
Limited Brands Incorporated |
6.63 | 04/01/2021 | 50,000 | 51,750 | ||||||||||||
Radioshack Corporporation |
6.75 | 05/15/2019 | 650,000 | 632,125 | ||||||||||||
Rent-A-Center Incorporated |
6.63 | 11/15/2020 | 375,000 | 379,688 | ||||||||||||
Toys R Us Property Company LLC |
8.50 | 12/01/2017 | 780,000 | 834,600 | ||||||||||||
2,490,380 | ||||||||||||||||
Textiles, Apparel & Luxury Goods: 0.30% |
||||||||||||||||
Oxford Industries Incorporated |
11.38 | 07/15/2015 | 1,865,000 | 2,109,781 | ||||||||||||
Consumer Staples: 0.76% |
||||||||||||||||
Beverages: 0.26% |
||||||||||||||||
Anheuser-Busch InBev SA |
6.88 | 11/15/2019 | 1,475,000 | 1,852,171 | ||||||||||||
Food Products: 0.50% |
||||||||||||||||
Darling International Incorporated |
8.50 | 12/15/2018 | 125,000 | 137,656 | ||||||||||||
Dole Food Company Incorporated |
13.88 | 03/15/2014 | 1,452,000 | 1,742,400 | ||||||||||||
Smithfield Foods Incorporated |
10.00 | 07/15/2014 | 1,370,000 | 1,601,188 | ||||||||||||
3,481,244 | ||||||||||||||||
Energy: 7.90% |
||||||||||||||||
Energy Equipment & Services: 1.61% |
||||||||||||||||
Bristow Group Incorporated |
7.50 | 09/15/2017 | 985,000 | 1,031,788 | ||||||||||||
Cleaver-Brooks Incorporated |
12.25 | 05/01/2016 | 630,000 | 648,900 | ||||||||||||
GulfMark Offshore Incorporated |
7.75 | 07/15/2014 | 1,625,000 | 1,639,219 | ||||||||||||
Hornbeck Offshore Services Incorporated Series B |
6.13 | 12/01/2014 | 2,345,000 | 2,345,000 | ||||||||||||
Hornbeck Offshore Services Incorporated Series B |
8.00 | 09/01/2017 | 2,230,000 | 2,280,175 | ||||||||||||
Oil States International Incorporated |
6.50 | 06/01/2019 | 325,000 | 331,500 | ||||||||||||
Parker Drilling Company |
9.13 | 04/01/2018 | 460,000 | 489,900 | ||||||||||||
PHI Incorporated |
8.63 | 10/15/2018 | 2,475,000 | 2,536,875 | ||||||||||||
11,303,357 | ||||||||||||||||
Oil, Gas & Consumable Fuels: 6.29% |
||||||||||||||||
Chesapeake Energy Corporation |
9.50 | 02/15/2015 | 2,250,000 | 2,643,750 | ||||||||||||
Cloud Peak Energy Resources Incorporated |
8.25 | 12/15/2017 | 125,000 | 133,750 | ||||||||||||
Cloud Peak Energy Resources Incorporated |
8.50 | 12/15/2019 | 225,000 | 243,281 | ||||||||||||
Coffeyville Resources LLC |
9.00 | 04/01/2015 | 932,000 | 1,013,550 | ||||||||||||
Coffeyville Resources LLC |
10.88 | 04/01/2017 | 1,350,000 | 1,549,125 | ||||||||||||
Consol Energy Incorporated |
8.25 | 04/01/2020 | 825,000 | 917,813 | ||||||||||||
Denbury Resources Incorporated |
6.38 | 08/15/2021 | 350,000 | 360,500 | ||||||||||||
Denbury Resources Incorporated |
8.25 | 02/15/2020 | 425,000 | 469,625 | ||||||||||||
El Paso Corporation |
6.50 | 09/15/2020 | 445,000 | 495,156 | ||||||||||||
El Paso Corporation |
6.88 | 06/15/2014 | 175,000 | 195,505 | ||||||||||||
El Paso Corporation |
7.00 | 06/15/2017 | 175,000 | 202,716 | ||||||||||||
El Paso Corporation |
7.25 | 06/01/2018 | 1,610,000 | 1,867,861 | ||||||||||||
El Paso Corporation |
7.42 | 02/15/2037 | 800,000 | 933,920 | ||||||||||||
El Paso Corporation |
7.80 | 08/01/2031 | 1,850,000 | 2,191,806 | ||||||||||||
Energy Transfer Equity LP |
7.50 | 10/15/2020 | 3,100,000 | 3,317,000 | ||||||||||||
Ferrellgas Finance Corporation |
6.50 | 05/01/2021 | 600,000 | 579,000 | ||||||||||||
Ferrellgas Finance Corporation |
9.13 | 10/01/2017 | 2,325,000 | 2,493,563 | ||||||||||||
Forest Oil Corporation |
7.25 | 06/15/2019 | 1,345,000 | 1,398,800 | ||||||||||||
Forest Oil Corporation |
8.50 | 02/15/2014 | 535,000 | 581,813 | ||||||||||||
Hilcorp Energy Company |
7.75 | 11/01/2015 | 500,000 | 516,250 | ||||||||||||
Holly Corporation |
9.88 | 06/15/2017 | 1,895,000 | 2,127,138 | ||||||||||||
Inergy Holdings LP |
6.88 | 08/01/2021 | 575,000 | 577,875 | ||||||||||||
Inergy Holdings LP |
7.00 | 10/01/2018 | 500,000 | 510,000 | ||||||||||||
Peabody Energy Corporation |
7.88 | 11/01/2026 | 3,435,000 | 3,890,138 |
The Portfolio of Investments should be read in conjunction with the Financial Statements and Notes to Financial Statements which are included in the Funds audited Annual Report and Semi-Annual Report. These reports include additional information about the Funds security valuation policies and about certain security types invested in by the Fund.
5
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND | PORTFOLIO OF INVESTMENTS July 31, 2011 (UNAUDITED) |
Security Name | Interest Rate | Maturity Date | Principal | Value | ||||||||||||
Oil, Gas & Consumable Fuels (continued) |
||||||||||||||||
Petrohawk Energy Corporation |
7.88 | % | 06/01/2015 | $ | 790,000 | $ | 855,175 | |||||||||
Petrohawk Energy Corporation |
10.50 | 08/01/2014 | 495,000 | 563,063 | ||||||||||||
Pioneer Natural Resources Company |
7.50 | 01/15/2020 | 1,220,000 | 1,405,538 | ||||||||||||
Plains Exploration & Production Company |
8.63 | 10/15/2019 | 2,885,000 | 3,209,563 | ||||||||||||
Regency Energy Partners |
6.88 | 12/01/2018 | 250,000 | 265,000 | ||||||||||||
Sabine Pass LNG LP |
7.25 | 11/30/2013 | 2,265,000 | 2,315,963 | ||||||||||||
Sabine Pass LNG LP |
7.50 | 11/30/2016 | 2,625,000 | 2,703,750 | ||||||||||||
SandRidge Energy Incorporated |
8.75 | 01/15/2020 | 940,000 | 1,031,650 | ||||||||||||
Stallion Oilfield Holdings Incorporated |
10.50 | 02/15/2015 | 508,000 | 568,960 | ||||||||||||
Susser Holdings LLC |
8.50 | 05/15/2016 | 975,000 | 1,040,813 | ||||||||||||
Tesoro Corporation |
9.75 | 06/01/2019 | 945,000 | 1,072,575 | ||||||||||||
44,241,985 | ||||||||||||||||
Financials: 13.32% |
||||||||||||||||
Capital Markets: 0.81% |
||||||||||||||||
E*TRADE Financial Corporation¥ |
12.50 | 11/30/2017 | 4,291,000 | 5,127,745 | ||||||||||||
Oppenheimer Holdings Incorporated |
8.75 | 04/15/2018 | 550,000 | 576,125 | ||||||||||||
5,703,870 | ||||||||||||||||
Commercial Banks: 1.75% |
||||||||||||||||
CapitalSource Incorporated |
12.75 | 07/15/2014 | 1,925,000 | 2,324,438 | ||||||||||||
CIT Group Incorporated |
5.25 | 04/01/2014 | 150,000 | 150,375 | ||||||||||||
CIT Group Incorporated |
6.63 | 04/01/2018 | 50,000 | 52,750 | ||||||||||||
CIT Group Incorporated |
7.00 | 05/01/2014 | 888,225 | 894,887 | ||||||||||||
CIT Group Incorporated |
7.00 | 05/01/2015 | 738 | 740 | ||||||||||||
CIT Group Incorporated |
7.00 | 05/04/2015 | 1,472,000 | 1,475,680 | ||||||||||||
CIT Group Incorporated |
7.00 | 05/01/2016 | 2,404,562 | 2,410,573 | ||||||||||||
CIT Group Incorporated |
7.00 | 05/01/2017 | 2,325,000 | 2,330,813 | ||||||||||||
Emigrant Bancorp Incorporated(i) |
6.25 | 06/15/2014 | 2,925,000 | 2,650,778 | ||||||||||||
12,291,034 | ||||||||||||||||
Consumer Finance: 7.43% |
||||||||||||||||
American General Finance Corporation |
5.40 | 12/01/2015 | 1,600,000 | 1,480,000 | ||||||||||||
American General Finance Corporation |
5.75 | 09/15/2016 | 1,075,000 | 989,000 | ||||||||||||
American General Finance Corporation |
6.50 | 09/15/2017 | 150,000 | 136,500 | ||||||||||||
Calpine Construction Finance Corporation |
7.25 | 10/15/2017 | 4,800,000 | 4,920,000 | ||||||||||||
Calpine Construction Finance Corporation |
8.00 | 06/01/2016 | 1,375,000 | 1,485,000 | ||||||||||||
Clearwire Communications Finance Corporation |
12.00 | 12/01/2015 | 940,000 | 956,450 | ||||||||||||
Clearwire Communications Finance Corporation |
12.00 | 12/01/2015 | 1,450,000 | 1,480,813 | ||||||||||||
Dunkin Finance Corporation |
9.63 | 12/01/2018 | 420,000 | 423,671 | ||||||||||||
Ford Motor Credit Company LLC |
9.88 | 08/10/2011 | 2,815,000 | 2,818,930 | ||||||||||||
Frensenius Medical Care US Finance Company |
5.75 | 02/15/2021 | 75,000 | 74,063 | ||||||||||||
General Electric Capital Corporation |
7.63 | 12/10/2014 | 2,000,000 | 1,888,598 | ||||||||||||
General Motors Financial Company Incorporated |
6.75 | 06/01/2018 | 900,000 | 918,000 | ||||||||||||
GMAC LLC |
6.75 | 12/01/2014 | 1,298,000 | 1,362,900 | ||||||||||||
GMAC LLC |
6.88 | 09/15/2011 | 59,000 | 59,354 | ||||||||||||
GMAC LLC |
6.88 | 08/28/2012 | 1,244,000 | 1,281,320 | ||||||||||||
GMAC LLC |
7.50 | 12/31/2013 | 3,620,000 | 3,837,200 | ||||||||||||
Homer City Funding LLC |
8.73 | 10/01/2026 | 1,287,964 | 1,180,097 | ||||||||||||
International Lease Finance Corporation |
6.38 | 03/25/2013 | 460,000 | 477,250 | ||||||||||||
International Lease Finance Corporation |
8.63 | 09/15/2015 | 900,000 | 992,250 | ||||||||||||
JBS USA Finance Incorporated |
11.63 | 05/01/2014 | 3,745,000 | 4,325,475 | ||||||||||||
LBI Escrow Corporation |
8.00 | 11/01/2017 | 2,267,000 | 2,561,710 | ||||||||||||
Level 3 Financing Incorporated |
10.00 | 02/01/2018 | 2,010,000 | 2,165,775 | ||||||||||||
Local TV Finance LLC¥ |
9.25 | 06/15/2015 | 1,200,000 | 1,197,000 | ||||||||||||
Nielsen Finance LLC Company |
7.75 | 10/15/2018 | 4,750,000 | 5,035,000 | ||||||||||||
Nielsen Finance LLC Company |
11.50 | 05/01/2016 | 601,000 | 698,663 | ||||||||||||
Springleaf Finance Corporation |
6.90 | 12/15/2017 | 1,975,000 | 1,849,094 |
The Portfolio of Investments should be read in conjunction with the Financial Statements and Notes to Financial Statements which are included in the Funds audited Annual Report and Semi-Annual Report. These reports include additional information about the Funds security valuation policies and about certain security types invested in by the Fund.
6
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND | PORTFOLIO OF INVESTMENTS July 31, 2011 (UNAUDITED) |
Security Name | Interest Rate | Maturity Date | Principal | Value | ||||||||||||
Consumer Finance (continued) |
||||||||||||||||
Sprint Capital Corporation |
6.88 | % | 11/15/2028 | $ | 5,985,000 | $ | 5,685,750 | |||||||||
Sprint Capital Corporation |
8.38 | 03/15/2012 | 1,895,000 | 1,966,063 | ||||||||||||
52,245,926 | ||||||||||||||||
Diversified Financial Services: 1.38% |
||||||||||||||||
Ally Financial Incorporated |
8.30 | 02/12/2015 | 2,055,000 | 2,250,225 | ||||||||||||
Leucadia National Corporation |
8.13 | 09/15/2015 | 2,655,000 | 2,920,500 | ||||||||||||
Nuveen Investments Incorporated |
5.50 | 09/15/2015 | 2,950,000 | 2,632,875 | ||||||||||||
Nuveen Investments Incorporated |
10.50 | 11/15/2015 | 1,000,000 | 1,032,500 | ||||||||||||
Nuveen Investments Incorporated |
10.50 | 11/15/2015 | 875,000 | 912,188 | ||||||||||||
9,748,288 | ||||||||||||||||
Insurance: 0.48% |
||||||||||||||||
Hub International Holdings Incorporated |
10.25 | 06/15/2015 | 3,375,000 | 3,375,000 | ||||||||||||
REIT: 1.47% |
||||||||||||||||
Dupont Fabros Technology Incorporated |
8.50 | 12/15/2017 | 5,560,000 | 6,088,200 | ||||||||||||
Host Hotels & Resorts LP |
9.00 | 05/15/2017 | 235,000 | 263,494 | ||||||||||||
Medical Properties Trust Incorporated |
6.88 | 05/01/2021 | 775,000 | 759,500 | ||||||||||||
Omega Healthcare Investors Incorporated |
6.75 | 10/15/2022 | 1,775,000 | 1,806,063 | ||||||||||||
Omega Healthcare Investors Incorporated |
7.00 | 01/15/2016 | 500,000 | 517,500 | ||||||||||||
Ventas Incorporated |
9.00 | 05/01/2012 | 859,000 | 905,056 | ||||||||||||
10,339,813 | ||||||||||||||||
Health Care: 2.70% |
||||||||||||||||
Health Care Equipment & Supplies: 0.52% |
||||||||||||||||
Biomet Incorporated¥ |
10.38 | 10/15/2017 | 540,000 | 588,600 | ||||||||||||
Biomet Incorporated |
11.63 | 10/15/2017 | 2,200,000 | 2,422,750 | ||||||||||||
Fresenius Medical Care Finance III SA |
6.88 | 07/15/2017 | 625,000 | 668,750 | ||||||||||||
3,680,100 | ||||||||||||||||
Health Care Providers & Services: 2.05% |
||||||||||||||||
Apria Healthcare Group Incorporated |
11.25 | 11/01/2014 | 1,090,000 | 1,117,250 | ||||||||||||
Aviv Healthcare Properties LP |
7.75 | 02/15/2019 | 1,025,000 | 1,044,219 | ||||||||||||
Centene Corporation |
5.75 | 06/01/2017 | 1,000,000 | 995,000 | ||||||||||||
Community Health Systems Incorporated |
8.88 | 07/15/2015 | 700,000 | 723,625 | ||||||||||||
HCA Incorporated |
6.50 | 02/15/2020 | 1,225,000 | 1,243,375 | ||||||||||||
HCA Incorporated |
7.50 | 02/15/2022 | 1,000,000 | 1,015,000 | ||||||||||||
HCA Incorporated |
8.50 | 04/15/2019 | 375,000 | 413,438 | ||||||||||||
HCA Incorporated |
9.25 | 11/15/2016 | 2,945,000 | 3,141,947 | ||||||||||||
HCA Incorporated¥ |
9.63 | 11/15/2016 | 2,181,000 | 2,333,670 | ||||||||||||
Health Management plc |
6.13 | 04/15/2016 | 175,000 | 181,125 | ||||||||||||
Healthsouth Corporation |
7.25 | 10/01/2018 | 400,000 | 419,000 | ||||||||||||
Healthsouth Corporation |
7.75 | 09/15/2022 | 400,000 | 426,000 | ||||||||||||
Sabra Health Care LP |
8.13 | 11/01/2018 | 1,350,000 | 1,365,188 | ||||||||||||
14,418,837 | ||||||||||||||||
Pharmaceuticals: 0.13% |
||||||||||||||||
Mylan Incorporated |
6.00 | 11/15/2018 | 300,000 | 306,750 | ||||||||||||
Mylan Incorporated |
7.63 | 07/15/2017 | 375,000 | 411,563 | ||||||||||||
Mylan Incorporated |
7.88 | 07/15/2020 | 150,000 | 166,500 | ||||||||||||
884,813 |
The Portfolio of Investments should be read in conjunction with the Financial Statements and Notes to Financial Statements which are included in the Funds audited Annual Report and Semi-Annual Report. These reports include additional information about the Funds security valuation policies and about certain security types invested in by the Fund.
7
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND | PORTFOLIO OF INVESTMENTS July 31, 2011 (UNAUDITED) |
Security Name | Interest Rate | Maturity Date | Principal | Value | ||||||||||||
Industrials: 3.67% |
||||||||||||||||
Aerospace & Defense: 1.30% |
||||||||||||||||
Alliant Techsystems Incorporated |
6.75 | % | 04/01/2016 | $ | 1,980,000 | $ | 2,034,450 | |||||||||
Digitalglobe Incorporated |
10.50 | 05/01/2014 | 340,000 | 375,700 | ||||||||||||
GenCorp Incorporated |
9.50 | 08/15/2013 | 475,000 | 475,000 | ||||||||||||
GeoEye Incorporated |
9.63 | 10/01/2015 | 485,000 | 554,113 | ||||||||||||
Hexcel Corporation |
6.75 | 02/01/2015 | 480,000 | 490,200 | ||||||||||||
Huntington Ingalls Industries Incorporated |
6.88 | 03/15/2018 | 350,000 | 360,500 | ||||||||||||
Huntington Ingalls Industries Incorporated |
7.13 | 03/15/2021 | 125,000 | 129,063 | ||||||||||||
Kratos Defense & Security Solutions Incorporated |
10.00 | 06/01/2017 | 1,140,000 | 1,216,950 | ||||||||||||
L-3 Communications Holdings Incorporated |
6.38 | 10/15/2015 | 2,784,000 | 2,857,080 | ||||||||||||
Wyle Services Corporation |
10.50 | 04/01/2018 | 635,000 | 678,656 | ||||||||||||
9,171,712 | ||||||||||||||||
Commercial Services & Supplies: 1.44% |
||||||||||||||||
Casella Waste Systems Incorporated |
11.00 | 07/15/2014 | 1,945,000 | 2,158,950 | ||||||||||||
Corrections Corporation of America |
6.25 | 03/15/2013 | 565,000 | 565,706 | ||||||||||||
Corrections Corporation of America |
7.75 | 06/01/2017 | 1,270,000 | 1,379,538 | ||||||||||||
Geo Group Incorporated |
7.75 | 10/15/2017 | 1,450,000 | 1,551,500 | ||||||||||||
Interface Incorporated |
7.63 | 12/01/2018 | 125,000 | 133,125 | ||||||||||||
Iron Mountain Incorporated |
6.75 | 10/15/2018 | 250,000 | 348,448 | ||||||||||||
Iron Mountain Incorporated |
8.38 | 08/15/2021 | 1,385,000 | 1,481,950 | ||||||||||||
KAR Holdings Incorporated± |
4.27 | 05/01/2014 | 1,150,000 | 1,127,000 | ||||||||||||
NCO Group Incorporated |
11.88 | 11/15/2014 | 1,425,000 | 1,360,875 | ||||||||||||
10,107,092 | ||||||||||||||||
Machinery: 0.50% |
||||||||||||||||
Columbus McKinnon Corporation |
7.88 | 02/01/2019 | 725,000 | 750,375 | ||||||||||||
CPM Holdings Incorporated |
10.88 | 09/01/2014 | 1,315,000 | 1,420,200 | ||||||||||||
Dresser Rand Group Incorporated |
6.50 | 05/01/2021 | 925,000 | 952,750 | ||||||||||||
Titan International Incorporated |
7.88 | 10/01/2017 | 375,000 | 399,375 | ||||||||||||
3,522,700 | ||||||||||||||||
Professional Services: 0.06% |
||||||||||||||||
CDRT Merger Sub Incorporated |
8.13 | 06/01/2019 | 425,000 | 425,000 | ||||||||||||
Road & Rail: 0.29% |
||||||||||||||||
Kansas City Southern |
8.00 | 06/01/2015 | 55,000 | 59,125 | ||||||||||||
Kansas City Southern |
13.00 | 12/15/2013 | 349,000 | 406,585 | ||||||||||||
RailAmerica Incorporated |
9.25 | 07/01/2017 | 1,425,000 | 1,567,500 | ||||||||||||
2,033,210 | ||||||||||||||||
Transportation Infrastructure: 0.08% |
||||||||||||||||
United Maritime Group |
11.75 | 06/15/2015 | 520,000 | 543,400 | ||||||||||||
Information Technology: 4.01% |
||||||||||||||||
Communications Equipment: 0.35% |
||||||||||||||||
Allbritton Communications Company |
8.00 | 05/15/2018 | 1,275,000 | 1,310,063 | ||||||||||||
Lucent Technologies Incorporated |
6.45 | 03/15/2029 | 1,285,000 | 1,159,713 | ||||||||||||
2,469,776 | ||||||||||||||||
Computers & Peripherals: 0.18% |
||||||||||||||||
Intcomex Incorporated |
13.25 | 12/15/2014 | 1,240,000 | 1,274,100 |
The Portfolio of Investments should be read in conjunction with the Financial Statements and Notes to Financial Statements which are included in the Funds audited Annual Report and Semi-Annual Report. These reports include additional information about the Funds security valuation policies and about certain security types invested in by the Fund.
8
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND | PORTFOLIO OF INVESTMENTS July 31, 2011 (UNAUDITED) |
Security Name | Interest Rate | Maturity Date | Principal | Value | ||||||||||||
Electronic Equipment & Instruments: 1.71% |
||||||||||||||||
GCI Incorporated |
6.75 | % | 06/01/2021 | $ | 575,000 | $ | 583,625 | |||||||||
GCI Incorporated |
8.63 | 11/15/2019 | 2,125,000 | 2,337,500 | ||||||||||||
Jabil Circuit Incorporated |
8.25 | 03/15/2018 | 5,275,000 | 6,053,063 | ||||||||||||
Kemet Corporation |
10.50 | 05/01/2018 | 1,485,000 | 1,644,638 | ||||||||||||
Viasystem Group Incorporated |
12.00 | 01/15/2015 | 1,285,000 | 1,410,288 | ||||||||||||
12,029,114 | ||||||||||||||||
Internet Software & Services: 0.18% |
||||||||||||||||
Equinix Incorporated |
7.00 | 07/15/2021 | 75,000 | 78,000 | ||||||||||||
Equinix Incorporated |
8.13 | 03/01/2018 | 1,085,000 | 1,193,500 | ||||||||||||
1,271,500 | ||||||||||||||||
IT Services: 1.42% |
||||||||||||||||
Fidelity National Information Services |
7.88 | 07/15/2020 | 900,000 | 960,750 | ||||||||||||
First Data Corporation |
11.25 | 03/31/2016 | 3,275,000 | 3,225,875 | ||||||||||||
SunGard Data Systems Incorporated |
7.38 | 11/15/2018 | 525,000 | 532,875 | ||||||||||||
SunGard Data Systems Incorporated |
7.63 | 11/15/2020 | 250,000 | 254,375 | ||||||||||||
SunGard Data Systems Incorporated |
10.25 | 08/15/2015 | 3,455,000 | 3,584,563 | ||||||||||||
Unisys Corporation |
12.50 | 01/15/2016 | 460,000 | 503,700 | ||||||||||||
Unisys Corporation |
12.75 | 10/15/2014 | 434,000 | 503,440 | ||||||||||||
Unisys Corporation |
14.25 | 09/15/2015 | 332,000 | 391,760 | ||||||||||||
9,957,338 | ||||||||||||||||
Semiconductors & Semiconductor Equipment: 0.14% |
||||||||||||||||
Advanced Micro Devices Incorporated |
5.75 | 08/15/2012 | 975,000 | 992,063 | ||||||||||||
Software: 0.03% |
||||||||||||||||
Audatex North American Incorporated |
6.75 | 06/15/2018 | 225,000 | 231,188 | ||||||||||||
Materials: 2.80% |
||||||||||||||||
Chemicals: 1.80% |
||||||||||||||||
Huntsman International LLC |
5.50 | 06/30/2016 | 1,260,000 | 1,247,400 | ||||||||||||
Lyondell Chemical Company |
11.00 | 05/01/2018 | 8,981,938 | 10,172,045 | ||||||||||||
Rockwood Specialties Group Incorporated |
7.63 | 11/15/2014 | 340,000 | 489,767 | ||||||||||||
Solutia Incorporated |
7.88 | 03/15/2020 | 670,000 | 730,300 | ||||||||||||
12,639,512 | ||||||||||||||||
Containers & Packaging: 0.32% |
||||||||||||||||
Crown Americas LLC |
7.63 | 05/15/2017 | 450,000 | 487,125 | ||||||||||||
Graham Packaging Company |
8.25 | 01/01/2017 | 95,000 | 100,463 | ||||||||||||
Graham Packaging Company |
9.88 | 10/15/2014 | 1,450,000 | 1,486,250 | ||||||||||||
Owens Brockway Glass Container Incorporated |
7.38 | 05/15/2016 | 175,000 | 191,188 | ||||||||||||
2,265,026 | ||||||||||||||||
Metals & Mining: 0.39% |
||||||||||||||||
Freeport-McMoRan Copper & Gold Incorporated |
8.38 | 04/01/2017 | 2,485,000 | 2,714,863 | ||||||||||||
Indalex Holdings Corporation(s) |
11.50 | 02/01/2014 | 3,170,000 | 47,550 | ||||||||||||
2,762,413 | ||||||||||||||||
Paper & Forest Products: 0.29% |
||||||||||||||||
Clearwater Paper Corporation |
10.63 | 06/15/2016 | 545,000 | 614,488 | ||||||||||||
Georgia Pacific Corporation |
8.88 | 05/15/2031 | 1,080,000 | 1,402,411 | ||||||||||||
2,016,899 |
The Portfolio of Investments should be read in conjunction with the Financial Statements and Notes to Financial Statements which are included in the Funds audited Annual Report and Semi-Annual Report. These reports include additional information about the Funds security valuation policies and about certain security types invested in by the Fund.
9
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND | PORTFOLIO OF INVESTMENTS July 31, 2011 (UNAUDITED) |
Security Name | Interest Rate | Maturity Date | Principal | Value | ||||||||||||
Telecommunication Services: 5.04% |
||||||||||||||||
Diversified Telecommunication Services: 2.43% |
||||||||||||||||
Citizens Communications Company |
7.88 | % | 01/15/2027 | $ | 4,155,000 | $ | 4,040,738 | |||||||||
Frontier Communications Corporation |
8.13 | 10/01/2018 | 845,000 | 927,388 | ||||||||||||
Frontier Communications Corporation |
8.25 | 05/01/2014 | 200,000 | 219,000 | ||||||||||||
Frontier Communications Corporation |
8.25 | 04/15/2017 | 1,965,000 | 2,156,588 | ||||||||||||
Frontier Communications Corporation |
8.50 | 04/15/2020 | 525,000 | 576,188 | ||||||||||||
Intelsat Jackson Holdings Limited |
8.50 | 11/01/2019 | 850,000 | 909,500 | ||||||||||||
Qwest Corporation |
7.13 | 11/15/2043 | 795,000 | 769,163 | ||||||||||||
Qwest Corporation |
7.25 | 09/15/2025 | 1,040,000 | 1,089,400 | ||||||||||||
Qwest Corporation |
7.50 | 06/15/2023 | 1,370,000 | 1,366,575 | ||||||||||||
Qwest Corporation |
7.63 | 08/03/2021 | 230,000 | 258,023 | ||||||||||||
Qwest Corporation |
8.88 | 03/15/2012 | 1,370,000 | 1,431,650 | ||||||||||||
SBA Telecommunications Incorporated |
8.00 | 08/15/2016 | 700,000 | 748,125 | ||||||||||||
SBA Telecommunications Incorporated |
8.25 | 08/15/2019 | 100,000 | 108,000 | ||||||||||||
Windstream Corporation |
7.88 | 11/01/2017 | 2,330,000 | 2,490,188 | ||||||||||||
17,090,526 | ||||||||||||||||
Wireless Telecommunication Services: 2.61% |
||||||||||||||||
CCO Holdings LLC |
7.75 | 05/01/2017 | 325,000 | 355,469 | ||||||||||||
CCO Holdings LLC |
8.13 | 04/30/2020 | 450,000 | 493,875 | ||||||||||||
Cricket Communications Incorporated |
7.75 | 05/15/2016 | 1,905,000 | 2,031,206 | ||||||||||||
Crown Castle International Corporation |
7.13 | 11/01/2019 | 75,000 | 79,969 | ||||||||||||
Crown Castle International Corporation |
9.00 | 01/15/2015 | 325,000 | 355,875 | ||||||||||||
iPCS Incorporated¥ |
3.52 | 05/01/2014 | 1,357,019 | 1,302,738 | ||||||||||||
MetroPCS Communications Incorporated |
6.63 | 11/15/2020 | 1,875,000 | 1,879,688 | ||||||||||||
MetroPCS Communications Incorporated |
7.88 | 09/01/2018 | 775,000 | 824,406 | ||||||||||||
Sprint Nextel Corporation |
6.90 | 05/01/2019 | 1,055,000 | 1,078,738 | ||||||||||||
Sprint Nextel Corporation Series D |
7.38 | 08/01/2015 | 4,085,000 | 4,085,000 | ||||||||||||
Sprint Nextel Corporation Series F |
5.95 | 03/15/2014 | 2,335,000 | 2,342,297 | ||||||||||||
Syniverse Holdings Incorporated |
9.13 | 01/15/2019 | 3,375,000 | 3,531,094 | ||||||||||||
18,360,355 | ||||||||||||||||
Utilities: 3.87% |
||||||||||||||||
Electric Utilities: 1.56% |
||||||||||||||||
Aquila Incorporated Step Bond |
11.88 | 07/01/2012 | 6,545,000 | 7,178,988 | ||||||||||||
Energy Future Holdings Corporation¥ |
12.00 | 11/01/2017 | 958,730 | 824,508 | ||||||||||||
Ipalco Enterprises Incorporated |
5.00 | 05/01/2018 | 900,000 | 894,189 | ||||||||||||
Otter Tail Corporation |
9.00 | 12/15/2016 | 1,835,000 | 2,032,263 | ||||||||||||
PNM Resources Incorporated |
9.25 | 05/15/2015 | 15,000 | 16,800 | ||||||||||||
10,946,748 | ||||||||||||||||
Gas Utilities: 0.49% |
||||||||||||||||
AmeriGas Partners LP |
6.25 | 08/20/2019 | 2,400,000 | 2,406,000 | ||||||||||||
AmeriGas Partners LP |
6.50 | 05/20/2021 | 475,000 | 486,875 | ||||||||||||
AmeriGas Partners LP |
7.13 | 05/20/2016 | 275,000 | 285,656 | ||||||||||||
Suburban Propane Partners LP |
7.38 | 03/15/2020 | 275,000 | 293,563 | ||||||||||||
3,472,094 | ||||||||||||||||
Independent Power Producers & Energy Traders: 1.82% |
||||||||||||||||
Dynegy Holdings Incorporated |
7.63 | 10/15/2026 | 2,165,000 | 1,407,250 | ||||||||||||
Mirant Mid-Atlantic LLC Series C |
10.06 | 12/30/2028 | 3,614,632 | 4,030,315 | ||||||||||||
NRG Energy Incorporated |
7.38 | 01/15/2017 | 3,475,000 | 3,644,406 | ||||||||||||
NRG Energy Incorporated |
8.50 | 06/15/2019 | 1,615,000 | 1,679,600 | ||||||||||||
Reliant Energy Incorporated |
7.63 | 06/15/2014 | 450,000 | 468,000 | ||||||||||||
Reliant Energy Incorporated |
9.24 | 07/02/2017 | 1,071,656 | 1,157,388 |
The Portfolio of Investments should be read in conjunction with the Financial Statements and Notes to Financial Statements which are included in the Funds audited Annual Report and Semi-Annual Report. These reports include additional information about the Funds security valuation policies and about certain security types invested in by the Fund.
10
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND | PORTFOLIO OF INVESTMENTS July 31, 2011 (UNAUDITED) |
Security Name | Interest Rate | Maturity Date | Principal | Value | ||||||||||||
Independent Power Producers & Energy Traders (continued) |
||||||||||||||||
Reliant Energy Incorporated |
9.68 | % | 07/02/2026 | $ | 410,000 | $ | 438,700 | |||||||||
12,825,659 | ||||||||||||||||
Total Corporate Bonds and Notes (Cost $357,069,659) |
380,262,913 | |||||||||||||||
Foreign Corporate Bonds@: 11.28% |
||||||||||||||||
Consumer Discretionary: 0.37% |
||||||||||||||||
Hotels, Restaurants & Leisure: 0.23% |
||||||||||||||||
Casino Guichard Perrachon SA (EUR) |
4.73 | 05/26/2021 | 900,000 | 1,305,389 | ||||||||||||
R&R Ice Cream plc(i) (EUR) |
8.38 | 11/15/2017 | 200,000 | 277,322 | ||||||||||||
1,582,711 | ||||||||||||||||
Media: 0.14% |
||||||||||||||||
UPC Holding BV (EUR) |
9.63 | 12/01/2019 | 470,000 | 725,993 | ||||||||||||
Ziggo Bond Company BV(i) (EUR) |
8.00 | 05/15/2018 | 200,000 | 293,846 | ||||||||||||
1,019,839 | ||||||||||||||||
Consumer Staples: 0.49% |
||||||||||||||||
Tobacco: 0.49% |
||||||||||||||||
British American Tobacco Finance plc (EUR) |
5.38 | 06/29/2017 | 1,100,000 | 1,749,466 | ||||||||||||
Imperial Tobacco Group plc (EUR) |
8.38 | 02/17/2016 | 1,000,000 | 1,719,816 | ||||||||||||
3,469,282 | ||||||||||||||||
Financials: 8.48% |
||||||||||||||||
Commercial Banks: 6.39% |
||||||||||||||||
Bank Nederlandse Gemeenten (EUR) |
3.88 | 11/04/2019 | 1,200,000 | 1,797,532 | ||||||||||||
Bayerische Landesbank (EUR) |
1.88 | 06/30/2014 | 2,300,000 | 3,286,434 | ||||||||||||
BNP Paribas SA (EUR) |
3.50 | 03/07/2016 | 1,450,000 | 2,100,597 | ||||||||||||
Eurofima (AUD) |
6.25 | 12/28/2018 | 2,450,000 | 2,769,142 | ||||||||||||
European Investment Bank (EUR) |
3.13 | 04/15/2014 | 1,900,000 | 2,818,018 | ||||||||||||
European Investment Bank (EUR) |
3.13 | 03/03/2017 | 2,330,000 | 3,422,387 | ||||||||||||
European Investment Bank (EUR) |
4.25 | 10/15/2014 | 2,300,000 | 3,529,616 | ||||||||||||
European Investment Bank (AUD) |
6.13 | 01/23/2017 | 6,930,000 | 7,832,176 | ||||||||||||
Instituto de Credito Oficial (EUR) |
4.38 | 05/23/2012 | 1,800,000 | 2,594,543 | ||||||||||||
International Bank for Reconstruction & Development (AUD) |
5.75 | 10/01/2020 | 950,000 | 1,046,617 | ||||||||||||
KfW Bankengruppe (EUR) |
3.88 | 01/21/2019 | 910,000 | 1,387,674 | ||||||||||||
KfW Bankengruppe (AUD) |
6.25 | 12/04/2019 | 1,225,000 | 1,383,669 | ||||||||||||
KfW Bankengruppe (NZD) |
6.38 | 02/17/2015 | 4,819,000 | 4,469,121 | ||||||||||||
Landesbank Baten-Wurttemberg (EUR) |
1.75 | 01/17/2014 | 2,300,000 | 3,288,684 | ||||||||||||
Rabobank Nederland (EUR) |
4.25 | 01/16/2017 | 2,150,000 | 3,248,088 | ||||||||||||
44,974,298 | ||||||||||||||||
Consumer Finance: 0.20% |
||||||||||||||||
Fiat Industrial SpA (EUR) |
6.25 | 03/09/2018 | 400,000 | 557,517 | ||||||||||||
Virgin Media Finance plc (GBP) |
8.88 | 10/15/2019 | 300,000 | 544,195 | ||||||||||||
Wind Acquisition Finance SpA (EUR) |
11.75 | 07/15/2017 | 200,000 | 316,836 | ||||||||||||
1,418,548 | ||||||||||||||||
Insurance: 0.06% |
||||||||||||||||
Towergate Finance plc (GBP) |
8.50 | 02/15/2018 | 250,000 | 406,259 |
The Portfolio of Investments should be read in conjunction with the Financial Statements and Notes to Financial Statements which are included in the Funds audited Annual Report and Semi-Annual Report. These reports include additional information about the Funds security valuation policies and about certain security types invested in by the Fund.
11
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND | PORTFOLIO OF INVESTMENTS July 31, 2011 (UNAUDITED) |
Security Name | Interest Rate | Maturity Date | Principal | Value | ||||||||||||
Thrifts & Mortgage Finance: 1.83% |
||||||||||||||||
Dexia Kommunalbank AG (EUR) |
3.50 | % | 06/05/2014 | 4,000,000 | $ | 5,901,248 | ||||||||||
Eurohypo AG (EUR) |
3.75 | 03/24/2014 | 4,000,000 | 5,952,068 | ||||||||||||
Nationwide Building Society (EUR) |
3.75 | 01/20/2015 | 700,000 | 1,003,386 | ||||||||||||
12,856,702 | ||||||||||||||||
Health Care: 0.13% |
||||||||||||||||
Pharmaceuticals: 0.13% |
||||||||||||||||
Pfizer Incorporated (EUR) |
4.75 | 06/03/2016 | 600,000 | 933,059 | ||||||||||||
Industrials: 0.46% |
||||||||||||||||
Building Products: 0.08% |
||||||||||||||||
Heidelbergcement AG (EUR) |
8.50 | 10/31/2019 | 330,000 | 522,187 | ||||||||||||
Commercial Services & Supplies: 0.08% |
||||||||||||||||
Exova (GBP) |
10.50 | 10/15/2018 | 350,000 | 580,253 | ||||||||||||
Machinery: 0.05% |
||||||||||||||||
Savcio Holdings Limited (EUR) |
8.00 | 02/15/2013 | 250,000 | 355,633 | ||||||||||||
Trading Companies & Distributors: 0.04% |
||||||||||||||||
Rexel SA (EUR) |
8.25 | 12/15/2016 | 200,000 | 307,496 | ||||||||||||
Transportation Infrastructure: 0.21% |
||||||||||||||||
BAA Funding Limited (EUR) |
4.60 | 02/15/2018 | 1,000,000 | 1,479,676 | ||||||||||||
Materials: 0.33% |
||||||||||||||||
Chemicals: 0.04% |
||||||||||||||||
Styrolution Group GmbH (EUR) |
7.63 | 05/15/2016 | 200,000 | 277,322 | ||||||||||||
Containers & Packaging: 0.08% |
||||||||||||||||
Ardagh Glass Finance plc (EUR) |
8.75 | 02/01/2020 | 400,000 | 563,265 | ||||||||||||
Metals & Mining: 0.10% |
||||||||||||||||
New World Resources NV (EUR) |
7.38 | 05/15/2015 | 500,000 | 727,430 | ||||||||||||
Paper & Forest Products: 0.11% |
||||||||||||||||
Smurfit Kappa Funding plc (EUR) |
7.25 | 11/15/2017 | 400,000 | 580,507 | ||||||||||||
Smurfit Kappa Funding plc (EUR) |
7.75 | 11/15/2019 | 120,000 | 175,876 | ||||||||||||
756,383 | ||||||||||||||||
Telecommunication Services: 0.42% |
||||||||||||||||
Diversified Telecommunication Services: 0.42% |
||||||||||||||||
Deutsche Telekom International Finance (EUR) |
4.25 | 07/13/2022 | 1,250,000 | 1,787,262 | ||||||||||||
Telstra Corporation Limited (EUR) |
4.75 | 03/21/2017 | 725,000 | 1,121,821 | ||||||||||||
2,909,083 | ||||||||||||||||
Utilities: 0.60% |
||||||||||||||||
Multi-Utilities: 0.52% |
||||||||||||||||
National Grid plc (EUR) |
4.38 | 03/10/2020 | 1,225,000 | 1,833,760 | ||||||||||||
Veolia Environnement SA (EUR) |
4.00 | 02/12/2016 | 1,200,000 | 1,790,854 | ||||||||||||
3,624,614 |
The Portfolio of Investments should be read in conjunction with the Financial Statements and Notes to Financial Statements which are included in the Funds audited Annual Report and Semi-Annual Report. These reports include additional information about the Funds security valuation policies and about certain security types invested in by the Fund.
12
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND | PORTFOLIO OF INVESTMENTS July 31, 2011 (UNAUDITED) |
Security Name | Interest Rate | Maturity Date | Principal | Value | ||||||||||||
Water Utilities: 0.08% |
||||||||||||||||
Zinc Capital SA (EUR) |
8.88 | % | 05/15/2018 | 400,000 | $ | 569,012 | ||||||||||
Total Foreign Corporate Bonds (Cost $72,836,612) |
79,333,052 | |||||||||||||||
Foreign Government Bonds@: 20.35% |
||||||||||||||||
Australia Series 124 (AUD) |
5.75 | 05/15/2021 | 2,750,000 | 3,240,155 | ||||||||||||
Australia Series 25CI (AUD) |
3.17 | 09/20/2025 | 6,650,000 | 8,543,059 | ||||||||||||
Brazil (BRL) |
12.50 | 01/05/2022 | 8,500,000 | 7,015,508 | ||||||||||||
Caisse dAmortissement de la Dette Sociale (EUR) |
3.38 | 04/25/2021 | 1,125,000 | 1,610,901 | ||||||||||||
Caisse dAmortissement de la Dette Sociale (EUR) |
4.25 | 04/25/2020 | 700,000 | 1,077,633 | ||||||||||||
Canada (CAD) |
2.50 | 09/01/2013 | 6,400,000 | 6,845,779 | ||||||||||||
Canada (CAD) |
3.35 | 12/15/2020 | 4,650,000 | 4,967,949 | ||||||||||||
Czech Republic (CZK) |
5.00 | 04/11/2019 | 101,850,000 | 6,613,777 | ||||||||||||
Denmark (DKK) |
4.00 | 11/15/2017 | 55,475,000 | 11,818,988 | ||||||||||||
France (EUR) |
2.00 | 07/12/2015 | 2,120,000 | 3,043,790 | ||||||||||||
France (EUR) |
2.25 | 02/25/2016 | 1,840,000 | 2,649,182 | ||||||||||||
France (EUR) |
2.50 | 10/25/2020 | 6,950,000 | 9,513,192 | ||||||||||||
France (EUR) |
3.50 | 04/25/2020 | 3,000,000 | 4,470,452 | ||||||||||||
Germany (EUR) |
3.50 | 04/12/2013 | 4,800,000 | 7,164,863 | ||||||||||||
Hungary (HUF) |
5.50 | 02/12/2016 | 325,000,000 | 1,630,058 | ||||||||||||
Hungary (HUF) |
6.75 | 02/24/2017 | 970,000,000 | 5,079,441 | ||||||||||||
Korea (KRW) |
5.25 | 09/10/2015 | 2,850,000,000 | 2,826,163 | ||||||||||||
Korea (KRW) |
5.25 | 03/10/2027 | 3,830,000,000 | 4,024,156 | ||||||||||||
Mexico (MXN) |
8.50 | 11/18/2038 | 77,900,000 | 7,189,322 | ||||||||||||
Netherlands (EUR) |
2.50 | 01/15/2017 | 900,000 | 1,310,344 | ||||||||||||
New Zealand (NZD) |
6.00 | 12/15/2017 | 6,705,000 | 6,347,730 | ||||||||||||
Norway (NOK) |
3.75 | 05/25/2021 | 30,000,000 | 5,965,594 | ||||||||||||
Norway (NOK) |
4.25 | 05/19/2017 | 28,730,000 | 5,835,712 | ||||||||||||
Poland (PLN) |
5.50 | 04/25/2015 | 16,950,000 | 6,176,083 | ||||||||||||
Slovenia (EUR) |
4.63 | 09/09/2024 | 1,425,000 | 1,901,384 | ||||||||||||
South Africa (ZAR) |
6.75 | 03/31/2021 | 33,970,000 | 4,545,916 | ||||||||||||
Sweden (SEK) |
4.50 | 08/12/2015 | 67,650,000 | 11,735,577 | ||||||||||||
Total Foreign Government Bonds |
143,142,708 | |||||||||||||||
Non-Agency Mortgage Backed Securities: 1.76% |
||||||||||||||||
American Home Mortgage Assets Series 2006-2 Class 1A1± |
1.22 | 09/25/2046 | $ | 4,377,610 | 2,160,670 | |||||||||||
Banc of America Commercial Mortgage Incorporated Series 2006-03 Class AM |
5.88 | 07/10/2044 | 1,340,000 | 1,325,794 | ||||||||||||
Greenwich Capital Commercial Funding Corporation Series 2006-GG7 Class AM |
5.88 | 07/10/2038 | 1,820,000 | 1,868,356 | ||||||||||||
Lehman XS Trust Series 2006-18N Class A5A±(i) |
0.36 | 12/25/2036 | 3,570,000 | 1,405,991 | ||||||||||||
Morgan Stanley Capital I Trust Series 2006-IQ12 Class AM |
5.37 | 12/15/2043 | 1,866,000 | 1,809,651 | ||||||||||||
Morgan Stanley Capital I Trust Series 2006-IQ12 Class AMFX |
5.37 | 12/15/2043 | 810,000 | 789,118 | ||||||||||||
NCUA Guaranteed Notes Series 2011-C1 |
0.52 | 02/28/2020 | 1,796,573 | 1,796,573 | ||||||||||||
Wachovia Bank Commercial Mortgage Trust Series 2006-C23 Class AM(l) |
5.47 | 01/15/2045 | 1,220,000 | 1,264,195 | ||||||||||||
Total Non-Agency Mortgage Backed Securities |
12,420,348 | |||||||||||||||
Dividend Yield | Shares | |||||||||||||||
Preferred Stocks: 0.10% |
||||||||||||||||
Financials: 0.10% |
||||||||||||||||
Diversified Financial Services: 0.10% |
||||||||||||||||
GMAC Capital Trust I |
8.13 | 27,000 | 689,310 | |||||||||||||
Total Preferred Stocks (Cost $675,000) |
689,310 |
The Portfolio of Investments should be read in conjunction with the Financial Statements and Notes to Financial Statements which are included in the Funds audited Annual Report and Semi-Annual Report. These reports include additional information about the Funds security valuation policies and about certain security types invested in by the Fund.
13
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND | PORTFOLIO OF INVESTMENTS July 31, 2011 (UNAUDITED) |
Security Name | Interest Rate | Maturity Date | Principal | Value | ||||||||||||
Term Loans: 5.98% |
||||||||||||||||
Advantage Sales & Marketing LLC |
9.25 | % | 06/18/2018 | $ | 475,000 | $ | 480,543 | |||||||||
Barrington Broadcasting Company |
4.50 | 08/12/2013 | 920,011 | 903,340 | ||||||||||||
Capital Automotive LP |
5.00 | 03/10/2017 | 3,935,078 | 3,931,142 | ||||||||||||
CCM Merger Incorporated< |
7.00 | 03/01/2017 | 3,444,064 | 3,476,782 | ||||||||||||
Coinmach Corporation |
3.25 | 11/20/2014 | 2,971,778 | 2,833,709 | ||||||||||||
Fairpoint Communications Incorporated |
6.50 | 01/22/2016 | 3,532,230 | 3,121,608 | ||||||||||||
Federal Mogul Corporation |
2.13 | 12/29/2014 | 458,760 | 436,069 | ||||||||||||
Federal Mogul Corporation |
2.13 | 12/28/2015 | 417,312 | 396,672 | ||||||||||||
First Data Corporation |
2.94 | 09/24/2014 | 916,226 | 852,219 | ||||||||||||
First Data Corporation |
2.94 | 09/24/2014 | 1,408,988 | 1,310,556 | ||||||||||||
First Data Corporation |
2.94 | 09/24/2014 | 3,094,510 | 2,878,328 | ||||||||||||
Gray Television Incorporated |
3.69 | 12/31/2014 | 976,416 | 954,036 | ||||||||||||
HHI Holdings LLC |
7.00 | 03/21/2017 | 947,625 | 947,625 | ||||||||||||
Level 3 Financing Incorporated |
2.48 | 03/13/2014 | 700,000 | 673,925 | ||||||||||||
Local TV Finance LLC |
2.19 | 05/07/2013 | 1,424,159 | 1,384,739 | ||||||||||||
Merisant Company(i) |
7.50 | 01/08/2014 | 928,138 | 914,216 | ||||||||||||
NCO Group Incorporated |
7.82 | 11/15/2013 | 1,154,528 | 1,149,980 | ||||||||||||
Newsday LLC |
10.50 | 08/01/2013 | 2,755,000 | 2,897,929 | ||||||||||||
Panolam Industries International Incorporated(i) |
8.25 | 12/31/2013 | 226,715 | 207,657 | ||||||||||||
Springleaf Finance Corporation |
5.50 | 05/05/2017 | 700,000 | 682,500 | ||||||||||||
Texas Competitive Electric Holding LLC< |
3.69 | 10/10/2014 | 12,746,983 | 9,987,771 | ||||||||||||
Texas Competitive Electric Holding LLC |
4.73 | 10/10/2017 | 1,550,000 | 1,154,192 | ||||||||||||
Web Service Company LLC |
7.00 | 08/28/2014 | 460,542 | 459,009 | ||||||||||||
Total Term Loans (Cost $42,822,500) |
42,034,547 | |||||||||||||||
Yankee Corporate Bonds and Notes: 5.56% |
||||||||||||||||
Consumer Discretionary: 0.12% |
||||||||||||||||
Media: 0.12% |
||||||||||||||||
Videotron Limited |
9.13 | 04/15/2018 | 775,000 | 870,906 | ||||||||||||
Energy: 1.42% |
||||||||||||||||
Oil, Gas & Consumable Fuels: 1.42% |
||||||||||||||||
Griffin Coal Mining Company Limited(s) |
9.50 | 12/01/2016 | 333,446 | 313,856 | ||||||||||||
Griffin Coal Mining Company Limited(s) |
9.50 | 12/31/2049 | 4,078,569 | 3,838,953 | ||||||||||||
Petroplus Finance Limited |
5.75 | 01/20/2020 | 1,650,000 | 1,809,872 | ||||||||||||
Ship Finance International Limited |
8.50 | 12/15/2013 | 4,020,000 | 4,045,125 | ||||||||||||
10,007,806 | ||||||||||||||||
Financials: 1.37% |
||||||||||||||||
Capital Markets: 0.05% |
||||||||||||||||
Mubadala Development Company |
5.50 | 04/20/2021 | 360,000 | 375,440 | ||||||||||||
Commercial Banks: 0.56% |
||||||||||||||||
Banco De Credito Del Peru |
4.75 | 03/16/2016 | 1,600,000 | 1,626,000 | ||||||||||||
Lloyds TSB Bank plc |
6.38 | 01/21/2021 | 1,100,000 | 1,160,466 | ||||||||||||
Royal Bank of Scotland Group plc |
6.13 | 01/11/2021 | 1,100,000 | 1,152,689 | ||||||||||||
3,939,155 | ||||||||||||||||
Consumer Finance: 0.63% |
||||||||||||||||
Sable International Finance Limited |
7.75 | 02/15/2017 | 350,000 | 350,000 | ||||||||||||
Wind Acquisition Finance SpA |
11.75 | 07/15/2017 | 3,660,000 | 4,058,025 | ||||||||||||
4,408,025 |
The Portfolio of Investments should be read in conjunction with the Financial Statements and Notes to Financial Statements which are included in the Funds audited Annual Report and Semi-Annual Report. These reports include additional information about the Funds security valuation policies and about certain security types invested in by the Fund.
14
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND | PORTFOLIO OF INVESTMENTS July 31, 2011 (UNAUDITED) |
Security Name | Interest Rate | Maturity Date | Principal | Value | ||||||||||||
Diversified Financial Services: 0.13% |
||||||||||||||||
IPIC GMTN Limited |
5.00 | % | 11/15/2020 | $ | 900,000 | $ | 906,750 | |||||||||
Preferred Term Securities XII Limited(i)(s) |
1.87 | 12/24/2033 | 635,000 | 191 | ||||||||||||
906,941 | ||||||||||||||||
Industrials: 0.05% |
||||||||||||||||
Road & Rail: 0.05% |
||||||||||||||||
Transnet Limited |
4.50 | 02/10/2016 | 300,000 | 315,518 | ||||||||||||
Information Technology: 0.38% |
||||||||||||||||
Computers & Peripherals: 0.38% |
||||||||||||||||
Seagate Technology HDD Holdings |
6.80 | 10/01/2016 | 650,000 | 689,000 | ||||||||||||
Seagate Technology HDD Holdings |
6.88 | 05/01/2020 | 300,000 | 300,750 | ||||||||||||
Seagate Technology HDD Holdings |
7.00 | 11/01/2021 | 375,000 | 378,750 | ||||||||||||
Seagate Technology HDD Holdings |
7.75 | 12/15/2018 | 1,225,000 | 1,286,250 | ||||||||||||
2,654,750 | ||||||||||||||||
Materials: 1.39% |
||||||||||||||||
Metals & Mining: 0.71% |
||||||||||||||||
Novelis Incorporated |
7.25 | 02/15/2015 | 1,030,000 | 1,026,138 | ||||||||||||
Novelis Incorporated |
8.38 | 12/15/2017 | 500,000 | 544,375 | ||||||||||||
Novelis Incorporated |
8.75 | 12/15/2020 | 725,000 | 806,563 | ||||||||||||
Teck Resources Limited |
10.75 | 05/15/2019 | 2,050,000 | 2,608,625 | ||||||||||||
4,985,701 | ||||||||||||||||
Paper & Forest Products: 0.68% |
||||||||||||||||
PE Paper Escrow GmbH |
12.00 | 08/01/2014 | 1,170,000 | 1,327,950 | ||||||||||||
Sappi Limited |
7.50 | 06/15/2032 | 3,860,000 | 3,474,000 | ||||||||||||
4,801,950 | ||||||||||||||||
Telecommunication Services: 0.67% |
||||||||||||||||
Diversified Telecommunication Services: 0.27% |
||||||||||||||||
Global Crossing Limited |
12.00 | 09/15/2015 | 570,000 | 661,200 | ||||||||||||
Intelsat Jackson Holdings SA |
7.25 | 04/01/2019 | 175,000 | 177,188 | ||||||||||||
Intelsat Jackson Holdings SA |
7.50 | 04/01/2021 | 100,000 | 101,500 | ||||||||||||
Intelsat Jackson Holdings SA |
11.25 | 06/15/2016 | 275,000 | 292,875 | ||||||||||||
Qtel International Finance Limited |
4.75 | 02/16/2021 | 300,000 | 301,125 | ||||||||||||
Vimpelcom Holdings |
7.50 | 03/01/2022 | 400,000 | 400,000 | ||||||||||||
1,933,888 | ||||||||||||||||
Wireless Telecommunication Services: 0.40% |
||||||||||||||||
Digicel Group Limited |
12.00 | 04/01/2014 | 1,335,000 | 1,541,925 | ||||||||||||
Telesat Canada Incorporated |
11.00 | 11/01/2015 | 1,135,000 | 1,242,825 | ||||||||||||
2,784,750 | ||||||||||||||||
Utilities: 0.16% |
||||||||||||||||
Electric Utilities: 0.16% |
||||||||||||||||
E.ON AG |
5.80 | 04/30/2018 | 1,000,000 | 1,132,613 | ||||||||||||
Total Yankee Corporate Bonds and Notes (Cost $34,518,634) |
39,117,443 |
The Portfolio of Investments should be read in conjunction with the Financial Statements and Notes to Financial Statements which are included in the Funds audited Annual Report and Semi-Annual Report. These reports include additional information about the Funds security valuation policies and about certain security types invested in by the Fund.
15
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND | PORTFOLIO OF INVESTMENTS July 31, 2011 (UNAUDITED) |
Security Name | Shares | Value | ||||||||||||||
Investment Companies: 0.01% |
||||||||||||||||
Eaton Vance Limited Duration Income Trust |
3,291 | $ | 53,216 | |||||||||||||
Total Investment Companies (Cost $30,289) |
53,216 | |||||||||||||||
Yield | ||||||||||||||||
Short-Term Investments: 2.39% |
||||||||||||||||
Investment Companies: 2.39% |
||||||||||||||||
Wells Fargo Advantage Cash Investment Money Market Fund(l)(u)## |
0.02 | 16,827,332 | 16,827,332 | |||||||||||||
Total Short-Term Investments (Cost $16,827,332) |
16,827,332 | |||||||||||||||
Total Investments in Securities |
||||||||||||||||
(Cost $877,157,963)* |
131.60 | % | 925,629,442 | |||||||||||||
Other Assets and Liabilities, Net |
(31.60 | ) | (222,237,328 | ) | ||||||||||||
|
|
|
|
|||||||||||||
Total Net Assets |
100.00 | % | $ | 703,392,114 | ||||||||||||
|
|
|
|
± | Variable rate investment. |
¤ | All or a portion of this security has been segregated as collateral for reverse repurchase agreements. |
(a) | Security is fair valued by the Management Valuation Team, and in certain instances by the Board of Trustees, in accordance with procedures approved by the Board of Trustees. |
| Non-income earning security. |
| Security that may be resold to qualified institutional buyers under Rule 144A or securities offered pursuant to Section 4(2) of the Securities Act of 1933, as amended. |
¥ | A payment-in-kind (PIK) security is a security in which the issuer may make interest or dividend payments in cash or additional securities. These additional securities generally have the same terms as the original holdings. |
(i) | Illiquid security |
(s) | Security is currently in default with regards to scheduled interest and/or principal payments. The Fund has stopped accruing interest on this security. |
@ | Foreign bond principal is denominated in local currency. |
(l) | Investment in an affiliate. The total cost of affiliated investments is $17,879,582. |
< | All or a portion of the position represents an unfunded loan commitment. |
(u) | Rate shown is the 7-day annualized yield at period end. |
## | All or a portion of this security has been segregated for when-issued, delayed delivery securities and/or unfunded loans. |
* | Cost for federal income tax purposes is $879,701,253 and net unrealized appreciation (depreciation) consists of: |
Gross unrealized appreciation |
$ | 54,826,892 | ||||||
Gross unrealized depreciation |
(8,898,703 | ) | ||||||
|
|
|||||||
Net unrealized appreciation |
$ | 45,928,189 |
The Portfolio of Investments should be read in conjunction with the Financial Statements and Notes to Financial Statements which are included in the Funds audited Annual Report and Semi-Annual Report. These reports include additional information about the Funds security valuation policies and about certain security types invested in by the Fund.
16
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND
NOTES TO PORTFOLIO OF INVESTMENTS July 31, 2011 (unaudited)
The following notes are to be read in conjunction with the Portfolio of Investments for Wells Fargo Advantage Multi-Sector Income Fund (the Fund).
Securities valuation
Investments in securities are valued each business day as of the close of regular trading on the New York Stock Exchange, which is usually 4:00 p.m. (Eastern Time). Securities which are traded on a national or foreign securities exchange are valued at the last reported sales price, except that securities listed on The Nasdaq Stock Market, Inc. (Nasdaq) are valued at the Nasdaq Official Closing Price (NOCP), and if no NOCP is available, then at the last reported sales price. If no sales price is shown on the Nasdaq, the bid price will be used. In the absence of any sale of securities listed on the Nasdaq, and in the case of other securities, including U.S. Government obligations, but excluding debt securities maturing in 60 days or less, the price will be deemed stale and the valuations will be determined in accordance with the Funds Fair Value Procedures.
Certain fixed income securities with maturities exceeding 60 days are valued based on available market quotations received from an independent pricing service approved by the Board of Trustees which may utilize both transaction data and market information such as yield, prices of securities of comparable quality, coupon rate, maturity, type of issue, trading characteristics and other market data. If valuations are not available from the pricing service or values received are deemed not representative of market value, values will be obtained from a third party broker-dealer or determined based on the Funds Fair Value Procedures.
Debt securities of sufficient credit quality with original 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 open-end mutual funds and non-registered investment companies are generally valued at net asset value.
Certain 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 valuation techniques used by the Fund to measure fair value are consistent with the market approach, income approach and/or cost approach, where applicable, for each security type.
Foreign currency translation
The accounting records of the Fund are maintained in U.S. dollars. Assets, including investment securities, and liabilities denominated in foreign currency are translated into U.S. dollars at the prevailing rates of exchange at the date of valuation. Purchases and sales of securities, and income and expenses are translated at the prevailing rate of exchange on the respective dates of such transactions. Reported net realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded and the U.S. dollar equivalent of the amounts actually paid or received. Net unrealized foreign exchange gains and losses arise from changes in the fair value of assets and liabilities other than investments in securities resulting in changes in exchange rates.
The changes in net assets arising from changes in exchange rates and the changes in net assets resulting from changes in market prices of securities are not separately presented. Such changes are recorded with net realized and unrealized gains or losses from investments. Gains and losses from certain foreign currency transactions are treated as ordinary income for U.S. federal income tax purposes.
Reverse repurchase agreements
To obtain short-term financing, the Fund may enter into reverse repurchase agreements with banks and other financial institutions, which are deemed by the investment adviser to be creditworthy. At the time the Fund enters into a reverse repurchase agreement, it will establish a segregated account with the custodian containing qualified assets having a value not less than the repurchase price, including accrued interest. If the counterparty to the transaction is rendered insolvent, the Fund may be delayed or limited in the repurchase of the collateral securities.
Forward foreign currency contracts
The Fund may be subject to foreign currency exchange rate risk in the normal course of pursuing its investment objectives. A forward foreign currency contract is an agreement between two parties to purchase or sell a specific currency for an agreed-upon price at a future date. The Fund enters into forward foreign currency contracts to facilitate transactions in foreign-denominated securities and to attempt to minimize the risk to the Fund from adverse changes in the relationship between currencies. Forward foreign currency contracts are recorded at the forward rate and marked-to-market daily. When the contracts are closed, realized gains and losses arising from such transactions are recorded as realized gains or losses on foreign currency related transactions. The Fund could be exposed to risks if the counterparties to the contracts are unable to meet the terms of their contracts or if the value of the foreign currency changes unfavorably. The Funds maximum risk of loss from counterparty credit risk is the unrealized gains or losses on the contracts. This risk is mitigated by having a master netting arrangement between the Fund and the counterparty.
When-issued transactions
The Fund may purchase securities on a forward commitment or when-issued basis. The Fund records a when-issued transaction on the trade date and will segregate assets to cover its obligation by confirming the availability of qualifying assets having a value sufficient to make payment for the securities purchased. Securities purchased on a when-issued basis are marked-to-market daily and the Fund begins earning interest on the settlement date. Losses may arise due to changes in the market value of the underlying securities or if the counterparty does not perform under the contract.
Term loans
The Fund may invest in term loans. The loans are marked-to-market daily and the Fund begins earning interest when the loans are funded. The loans pay interest at rates which are periodically reset by reference to a base lending rate plus a spread. The Fund assumes the credit risk of the borrower
and there could be potential loss to the Fund in the event of default by the borrower.
As of July 31, 2011, the Fund had unfunded loan commitments of $1,464,688.
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, 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 securities are not necessarily an indication of the risk associated with investing in those securities.
As of July 31, 2011, the inputs used in valuing the Funds assets, which are carried at fair value, were as follows:
Investments in Securities |
Quoted Prices (Level 1) |
Significant Other Observable Inputs (Level 2) |
Significant Unobservable Inputs (Level 3) |
Total | ||||||||||||
Equity securities |
||||||||||||||||
Common stocks |
$ | 535,359 | $ | 0 | $ | 0 | $ | 535,359 | ||||||||
Preferred stocks |
0 | 689,310 | 0 | 689,310 | ||||||||||||
Investment companies |
53,216 | 0 | 0 | 53,216 | ||||||||||||
Agency securities |
0 | 210,102,564 | 0 | 210,102,564 | ||||||||||||
Convertible debenture |
0 | 1,110,650 | 0 | 1,110,650 | ||||||||||||
Corporate bonds and notes |
0 | 374,636,510 | 5,626,403 | 380,262,913 | ||||||||||||
Foreign corporate bonds |
0 | 79,333,052 | 0 | 79,333,052 | ||||||||||||
Foreign government bonds |
0 | 143,142,708 | 0 | 143,142,708 | ||||||||||||
Non-agency mortgage backed securities |
0 | 10,623,775 | 1,796,573 | 12,420,348 | ||||||||||||
Term loans |
0 | 37,285,653 | 4,748,894 | 42,034,547 | ||||||||||||
Yankee corporate bonds and notes |
0 | 39,117,252 | 191 | 39,117,443 | ||||||||||||
Short-term investments |
||||||||||||||||
Investment companies |
16,827,332 | 0 | 0 | 16,827,332 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 17,415,907 | $ | 896,041,474 | $ | 12,172,061 | $ | 925,629,442 | |||||||||
|
|
|
|
|
|
|
|
As of July 31, 2011, the inputs used in valuing the Funds other financial instruments, which are carried at fair value, were as follows:
Other financial instruments |
Quoted Prices (Level 1) |
Significant Other Observable Inputs (Level 2) |
Significant Unobservable Inputs (Level 3) |
Total | ||||||||||||
Forward foreign currency contracts |
$ | 0 | $ | 1,678,845 | $ | 0 | $ | 1,678,845 |
Transfers in and transfers out are recognized at the end of the reporting period. For the nine months ended July 31, 2011, the Fund did not have any significant transfers into/out of Level 1 and Level 2.
The following is a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value:
Corporate bonds and notes |
Foreign corporate bonds |
Non- agency mortgage backed securities |
Term loans |
Yankee corporate bonds and notes |
Common stock |
Total | ||||||||||||||||||||||
Balance as of October 31, 2010 |
$ | 5,753,667 | $ | 560,823 | $ | 0 | $ | 0 | $ | 191 | $ | 0 | $ | 6,314,681 | ||||||||||||||
Accrued discounts (premiums) |
1,760 | 0 | 0 | 407 | 0 | 0 | 2,167 | |||||||||||||||||||||
Realized gains (losses) |
(3,980 | ) | 0 | 0 | 17 | 0 | 0 | (3,963 | ) | |||||||||||||||||||
Change in unrealized gains (losses) |
29,546 | 19,430 | 0 | 6,701 | 0 | 0 | 55,677 | |||||||||||||||||||||
Purchases |
0 | 0 | 2,000,000 | 942,875 | 0 | 0 | 2,942,875 | |||||||||||||||||||||
Sales |
(154,590 | ) | 0 | (203,427 | ) | (2,375 | ) | 0 | 0 | (360,392 | ) | |||||||||||||||||
Transfers into Level 3 |
0 | 0 | 0 | 3,801,269 | 0 | 0 | 3,801,269 | |||||||||||||||||||||
Transfers out of Level 3 |
0 | (580,253 | ) | 0 | 0 | 0 | 0 | (580,253 | ) | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Balance as of July 31, 2011 |
$ | 5,626,403 | $ | 0 | $ | 1,796,573 | $ | 4,748,894 | $ | 191 | $ | 0 | $ | 12,172,061 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Change in unrealized gains (losses) relating to securities still held at July 31, 2011 |
$ | 34,068 | $ | 0 | $ | 0 | $ | 6,701 | $ | 0 | $ | 0 | $ | 40,769 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative transactions
During the nine months ended July 31, 2011, the Fund entered into forward foreign currency exchange contracts for hedging purposes.
At July 31, 2011, the Fund had forward foreign currency contracts outstanding as follows:
Forward foreign currency contracts to buy:
Exchange Date |
Counterparty | Contracts to Receive |
U.S. Value at July 31, 2011 |
In Exchange for U.S. $ |
Net Unrealized Gains |
|||||||||||||
08/01/2011 | State Street Bank | 2,240,000 EUR | $ | 3,218,654 | $ | 3,177,486 | $ | 41,168 | ||||||||||
08/02/2011 | State Street Bank | 1,800,000,000 JPY | 23,381,178 | 22,011,079 | 1,370,099 | |||||||||||||
08/02/2011 | State Street Bank | 390,000,000 JPY | 5,065,922 | 4,811,488 | 254,434 | |||||||||||||
10/11/2011 | State Street Bank | 2,170,000,000 JPY | 28,210,663 | 27,945,191 | 265,472 |
Exchange Date |
Counterparty | Contracts to Receive |
U.S. Value at July 31, 2011 |
In Exchange For |
U.S. Value at July 31, 2011 |
Net Gains (Losses) |
||||||||||||||||
08/02/2011 | State Street Bank | 10,782,607 CAD | $ | 11,285,370 | 883,958,114 JPY | $ | 11,482,212 | $ | (196,842 | ) | ||||||||||||
08/02/2011 | State Street Bank | 933,836,250 JPY | 12,130,107 | 10,875,000 CAD | 11,382,071 | 748,036 | ||||||||||||||||
08/10/2011 | State Street Bank | 4,854,006 EUR | 6,973,515 | 1,300,000,000 HUF | 6,919,987 | 53,528 | ||||||||||||||||
08/10/2011 | State Street Bank | 7,228,312 EUR | 10,384,565 | 57,700,000 NOK | 10,711,218 | (326,653 | ) | |||||||||||||||
08/10/2011 | State Street Bank | 394,270 EUR | 566,428 | 3,100,000 NOK | 575,473 | (9,045 | ) | |||||||||||||||
08/18/2011 | State Street Bank | 506,514,960 JPY | 6,580,810 | 17,640,000 PLN | 6,329,167 | 251,643 | ||||||||||||||||
09/21/2011 | State Street Bank | 4,289,026 GBP | 7,036,525 | 555,000,000 JPY | 7,213,680 | (177,155 | ) | |||||||||||||||
09/21/2011 | State Street Bank | 746,001,800 JPY | 9,696,249 | 5,800,000 GBP | 9,515,410 | 180,839 | ||||||||||||||||
10/13/2011 | State Street Bank | 980,000,000 JPY | 12,740,543 | 14,659,028 NZD | 12,816,859 | (76,316 | ) | |||||||||||||||
10/14/2011 | State Street Bank | 698,827,500 JPY | 9,085,231 | 6,300,000 EUR | 9,036,561 | 48,670 | ||||||||||||||||
10/25/2011 | State Street Bank | 1,489,593,000 JPY | 19,367,755 | 17,800,000 AUD | 19,351,149 | 16,606 | ||||||||||||||||
11/02/2011 | State Street Bank | 923,639,400 JPY | 12,010,119 | 11,300,000 CAD | 11,802,306 | 207,813 |
Forward foreign currency contracts to sell:
Exchange Date |
Counterparty | Contracts to Deliver |
U.S. Value at July 31, 2011 |
In Exchange for U.S. $ |
Net Unrealized (Losses) |
|||||||||||||
08/01/2011 | State Street Bank | 1,700,000 EUR | $ | 2,442,729 | $ | 2,375,240 | $ | (67,489 | ) | |||||||||
08/02/2011 | State Street Bank | 130,000,000 JPY | 1,688,641 | 1,591,226 | (97,415 | ) | ||||||||||||
08/02/2011 | State Street Bank | 2,168,955,596 JPY | 28,173,743 | 27,916,283 | (257,460 | ) | ||||||||||||
08/24/2011 | State Street Bank | 30,275,000 ZAR | 4,515,622 | 4,342,058 | (173,564 | ) | ||||||||||||
10/14/2011 | State Street Bank | 114,680,000 CZK | 6,812,727 | 6,604,849 | (207,878 | ) | ||||||||||||
10/18/2011 | State Street Bank | 62,500,000 DKK | 12,032,605 | 11,862,959 | (169,646 | ) |
The Fund had average market values of $125,831,350 and $22,013,424 in forward foreign currency exchange contracts to buy and forward foreign currency exchange contracts to sell, respectively, during the nine months ended July 31, 2011.
The following is a list of common abbreviations for terms and entities which may have appeared in the portfolio of investments.
ABAG Association of Bay Area Governments
ACB Agricultural Credit Bank
ADR American Depositary Receipt
ADS American Depository Shares
AGC-ICC Assured Guaranty Corporation - Insured Custody Certificates
AGM Assured Guaranty Municipal
AMBAC American Municipal Bond Assurance Corporation
AMT Alternative Minimum Tax
ARM Adjustable Rate Mortgages
AUD Australian Dollar
BAN Bond Anticipation Notes
BART Bay Area Rapid Transit
BHAC Berkshire Hathaway Assurance Corporation
BRL Brazil Real
CAD Canadian Dollar
CDA Community Development Authority
CDO Collateralized Debt Obligation
CDSC Contingent Deferred Sales Charge
CGIC Capital Guaranty Insurance Company
CGY Capital Guaranty Corporation
CHF Swiss Franc
CIFG CDC (Caisse des Dépôts et Consignations) IX IS Financial Guarantee
COP Certificate of Participation
CP Commercial Paper
CR Custody Receipts
CTF Common Trust Fund
DEM - Deutsche Mark
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
ETET Eagle Tax-Exempt Trust
ETF Exchange-Traded Fund
EUR Euro
FFCB Federal Farm Credit Bank
FGIC Financial Guaranty Insurance Corporation
FHA Federal Housing Authority
FHAG Federal Housing Agency
FHLB Federal Home Loan Bank
FHLMC Federal Home Loan Mortgage Corporation
FNMA Federal National Mortgage Association
FRF - French Franc
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 Housing & 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
LLC Limited Liability Company
LLP Limited Liability Partnership
LOC Letter of Credit
LP Limited Partnership
MBIA Municipal Bond Insurance Association
MFHR Multi-Family Housing Revenue
MFMR Multi-Family Mortgage Revenue
MMD Municipal Market Data
MSTR Municipal Securities Trust Receipts
MTN Medium Term Note
MUD Municipal Utility District
MXN Mexican Peso
MYR Malaysian Ringgit
NATL-RE National Public Finance Guarantee Corporation
NLG - Netherlands Guilder
NOK Norwegian Krone
NZD New Zealand Dollar
PCFA Pollution Control Finance Authority
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
PSFG Public School Fund Guaranty
PUTTER Puttable Tax-Exempt Receipts
R&D Research & Development
RDA Redevelopment Authority
RDFA Redevelopment Finance Authority
REIT Real Estate Investment Trust
ROC Reset Option Certificates
SEK Swedish Krona
SFHR Single Family Housing Revenue
SFMR Single Family Mortgage Revenue
SGD Singapore Dollar
SKK Slovakian Koruna
SLMA Student Loan Marketing Association
SPDR Standard & Poors Depositary Receipts
STIT Short-Term Investment Trust
TAN Tax Anticipation Notes
TBA To Be Announced
TIPS Treasury Inflation-Protected Securities
TRAN Tax Revenue Anticipation Notes
TCR Transferable Custody Receipts
TRY Turkish Lira
TTFA Transportation Trust Fund Authority
USD Unified School District
XLCA XL Capital Assurance
ZAR South African Rand
ITEM 2. CONTROLS AND PROCEDURES
(a) The President and Treasurer have concluded that the Wells Fargo Advantage Multi-Sector Income Fund (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 registrants last fiscal quarter that has 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 Advantage Multi-Sector Income Fund | ||
By: | /s/ Karla M. Rabusch | |
Karla M. Rabusch | ||
President | ||
Date: September 28, 2011 |
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 dates indicated.
Wells Fargo Advantage Multi-Sector Income Fund | ||
By: | /s/ Karla M. Rabusch | |
Karla M. Rabusch | ||
President | ||
Date: September 28, 2011 | ||
By: | /s/ Kasey L. Phillips | |
Kasey L. Phillips | ||
Treasurer | ||
Date: September 28, 2011 |