Strong Financial Corporation Employee Benefit Plan-Independent Fiduciary re: Merger of Mutual Funds

Wells Fargo proposes to acquire a family of mutual funds sponsored by The Strong Financial Corporation. However, investors in the Strong funds are entitled to vote in favor or against the proposed merger. One of those investors is Strong's own pension plan. The named fiduciary of Strong's plan hired IFS as an Independent Fiduciary to evaluate, from the Plan's investment perspective whether to approve the merger of the Strong funds in which it invested and to direct the Plan's trustee whether to vote the Plan's proxy in favor of or against each merger. IFS completed that assignment in December.