Brattleboro, Vt. — Wells Fargo Funds Management has added another mutual fund to the 125 in the lineup of its Wells Fargo Advantage Funds. The Wells Fargo Advantage Social Sustainability Fund will be subadvised by Nelson Capital Management, an investment management firm with extensive experience in socially responsible investing.

The fund managers will consider both fundamental and environmental, social, and governance (ESG) factors in making their investment decisions. The Social Sustainability Fund will invest in the stocks of 30 to 50 large cap companies that demonstrate fundamental valuations for strong businesses and whose stock prices are at a discount.

The fund managers will employ environmental, social, and governance (ESG) factors in making their investment decisions. Generally, ESG screening criteria require accountability for business activities that impact the public and stakeholder interests. The criteria typically include impact on the environment, relations with employees and other stakeholders, and corporate governance.

Finally, negative screening based on sustainable and responsible investing (SRI) principles will be applied in order to exclude companies whose products and business practices are harmful to individuals, communities, or the environment.

The Social Sustainability Fund managers believe that their selection process will lead to investment in best-of-class companies that are not only leaders in their industries but meet positive standards of corporate responsibility, as well.