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Portfolio Manager added to two Wells Fargo Advantage Tax-Free Funds

Effective January 1, 2011, Bruce Johns will join Robert Miller as co-portfolio manager for the Wells Fargo Advantage North Carolina Tax-Free Fund and the Wells Fargo Advantage Pennsylvania Tax-Free Fund. The investment approach for these Funds will not change; the portfolio managers will continue to manage the Funds using current strategies and processes.

About the Portfolio Managers

Bruce Johns is a senior research analyst and portfolio manager for the Tax-Exempt Fixed-Income team at Wells Capital Management (WellsCap).He joined WellsCap from Strong Capital Management where he was a senior research analyst. Prior to taking on the role of research analyst, he worked in fixed-income settlements at Strong where his area of responsibility included all fixed-income operations. Bruce began his investment industry career in 1998 as a mutual fund and brokerage agent with Strong Financial Services. He earned a bachelor’s degree in business and finance from the University of Wisconsin, Parkside.

Robert Miller is a senior portfolio manager for the Wells Capital Management (WellsCap) Municipal Bond team, where he manages both mutual funds and separate accounts. Prior to joining WellsCap in 2008, Robert worked for American Century Investments where he was part of a team that managed $3.5 billion in municipal bond assets. He had direct responsibility for the firm’s flagship tax-free bond fund as well as the firm’s long-term bond fund. In addition to managing several other funds for the firm, Robert also served as a member of its analytical team. Earlier, Robert spent eight years in New York as a municipal bond analyst with Moody’s Investors Service. He also founded a small venture capital firm and served as a consultant with Black and Veatch and KPMG Peat Marwick, where he specialized in conducting financial feasibility studies in support of large infrastructure products. He earned a bachelor’s degree in business administration with an emphasis in finance from San Jose State University and a master’s degree in business administration from the Leonard N. Stern School of Business at New York University.

Bond fund values fluctuate in response to the financial condition of individual issuers, general market and economic conditions, and changes in interest rates. In general, when interest rates rise, bond fund values fall and investors may lose principal value. The use of derivatives may reduce returns and/or increase volatility. Certain investment strategies tend to increase the total risk of an investment (relative to the broader market). These Funds are exposed to active trading risk, high-yield securities risk, and municipal securities risk. Consult the Fund's prospectus for additional information on these and other risks. A portion of the Funds’ income may be subject to federal, state, and/or local income taxes or the alternative minimum tax (AMT). Any capital gains distributions may be taxable, including the possible loss of principal. Consult a Fund's prospectus for additional information on risks.