According to a press release from the fund management arm of Wells Fargo & Company, current investors will still be able to access the A, B and C share classes.
“We have introduced the no-load share class with the goal of assisting the do-it-yourself investor who is seeking a long-term asset allocation retirement solution,” said Andrew Owen, head of Wells Fargo Fund Management’s Investment Review and Product Group, in the release. “Additionally, the new share class provides a seamless avenue for retirement investors who wish to roll over their 401(k) assets.”
According to the release, the no-load share class applies to the following funds:
- Wells Fargo Advantage Dow Jones Target Today Fund
- Wells Fargo Advantage Dow Jones Target 2010 Fund
- Wells Fargo Advantage Dow Jones Target 2020 Fund
- Wells Fargo Advantage Dow Jones Target 2030 Fund
- Wells Fargo Advantage Dow Jones Target 2040 Fund
The firm began offering the target date funds, which track the Dow Jones Index, in June 2006 (See Wells Fargo Target Date Funds Track Dow Jones Indexes ).