Foreign Financial Transaction Fee Overview

The Foreign Financial Transaction Fee is assessed in connection with financial transaction taxes imposed by certain non U.S. governments on transactions involving specific securities, including foreign securities, American Depositary Receipts (ADRs), and certain related instruments. These taxes apply regardless of where the investor or firm is located or where the transaction is executed. The fee is charged to offset the foreign financial transaction tax obligation incurred by Wells Fargo Advisors as a result of the transaction or to satisfy the applicable foreign transaction tax obligation on your behalf. The amount of the fee is generally a percentage or fixed amount based upon the aggregate purchase price of the securities subject to the tax. Wells Fargo Advisors remits such tax payments to the appropriate foreign taxing authorities. When applicable, the fee will appear on the trade confirmation within the “Other” fee category. Wells Fargo Advisors may, at its discretion and without notice, waive this fee in certain circumstances. The scope of transactions subject to this fee, and the fee itself, may change as foreign financial transaction tax laws evolve.