In the
News
Cooke & Bieler Selects Wells Fargo to
Adopt
Effective at the close of business on July 23, 2004, the C&B Portfolios' have joined the Wells Fargo Funds family. For more information about Wells Fargo Funds, you may visit their Web site at www.wellsfargoadvantagefunds.com.
SAN
FRANCISCO, July 23, 2004 – Wells Fargo Funds Management, LLC – part of Wells
Fargo & Company (NYSE: WFC) – has completed the adoption of all three
Cooke & Bieler mutual funds, whose assets totaled $589 million as of June
30, 2004.
Philadelphia-based
Cooke & Bieler and Wells Fargo Funds Management announced a definitive
agreement for the transaction in early June 2004.
Through
a sub-advisory agreement with Wells Fargo Funds Management, Cooke & Bieler
will continue to be responsible for the investment management of the three
adopted mutual funds, which have been renamed as:
§
Wells
Fargo C&B Large Cap Value FundSM
§
Wells
Fargo C&B Mid Cap Value FundSM
§
Wells
Fargo C&B Tax-Managed Value FundSM
Shareholders of
the former Cooke & Bieler Funds will enjoy the same investment strategy and
discipline that has established Cooke & Bieler’s 50-year-old reputation as
a value-style equity manager. In addition, shareholders now will have access to
an even wider array of investment options and financial services through Wells
Fargo.
"We are pleased to welcome
the Cooke & Bieler shareholders into the Wells
Fargo Funds family. With the new Wells Fargo C&B Funds, we’re able to
offer all our shareholders an extensive selection of investment capabilities and
products to meet their increasingly sophisticated financial needs,” said Karla
Rabusch, President of Wells Fargo Funds.
“The addition of these value-style
equity funds nicely rounds out the investment capabilities of Wells Fargo
Funds by complementing our strengths in our fixed-income, growth-style
equity, emerging markets, asset allocation and money market products.”
“In
working with Wells Fargo, we have been impressed with their commitment to
satisfy the financial needs of their clients.
Our shareholders will enjoy even broader client services and investment
opportunities through Wells Fargo Funds,”
said Kermit Eck, a managing partner at Cooke & Bieler. “We’re also
excited that this partnership allows us to extend our portfolio management
experience and capabilities to a much larger investment audience.”
Cooke
& Bieler is a conservative value manager of equity portfolios whose
investment goal is to provide superior long-term returns in a low-risk manner.
Key to the company’s “high quality, low risk” philosophy is its
emphasis on investing in high quality companies that are distinguished by sound
financial health, strong profitability, effective management, and the
demonstrated ability to consistently deliver above-average earnings and dividend
growth.
Wells Fargo Funds Management, LLC
is the investment advisor to Wells Fargo Funds. The Fund company is the
28th largest mutual fund manager in the U.S., with over $76 billion in mutual
fund assets under management, as of June 30, 2004.
|
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE |
For more information, please call 1-800-222-8222
Mutual fund investing involves risk, including loss of principal. This material must be preceded or accompanied by a prospectus. Investors in the Wells Fargo Advantage C&B Funds should read the prospectus carefully before investing or sending money. To view or download the prospectus, which contains information on the Fund's objectives, risk factors, and charges and expenses, please visit www.wellsfargoadvantagefunds.com/wfweb/wf/funds/reports.jsp.