Fund Description: Wells Fargo Multi-Sector Income Fund, formerly Wells Fargo Advantage Multi-Sector Income Fund, formerly Evergreen Multi-Sector Income Fund, is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Wells Fargo Multi-Sector Income Fund seeks a high level of current income consistent with limiting its overall exposure to domestic interest-rate risk. FUND STRATEGY: The Fund invests in a mix of non-investment-grade corporate debt securities, including floating rate high yield bank loan securities, foreign and emerging market debt securities, adjustable and fixed rate mortgages and investment grade corporate bonds. FUND MANAGEMENT: Wells Fargo Funds Management LLC is the investment adviser of the Fund.