Effective June 19, 2015, Senior Portfolio Manager Ashok Bhatia, CFA, will be added to the Wells Fargo Advantage Multi-Sector Income Fund. Mr. Bhatia, one of 10 managers of the fund, replaces Senior Portfolio Manager Michael Bray, who is on medical leave from Wells Capital Management Inc. a sub advisor to the Wells Fargo Advantage Funds. Mr. Bhatia is part of a broader team at WellsCap that focuses on managing the fund's mortgage/corporate sleeve.

Mr. Bhatia is co-lead of WellsCap's Customized Fixed-Income team and senior portfolio manager. Mr. Bhatia spent the past 10 years as a lead global macro portfolio manager with two large multi strategy hedge funds, most recently at Balyasny Asset Management L.P. and, prior to that, Stark Investments. He joined WellsCap and is based in Menomonee Falls, Wisconsin.