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The Wells Fargo Advantage Multi-Sector Income Fund is a closed-end bond fund.The fund's primary investment objective is to seek a high level of current income consistent with limiting its overall.Wells Fargo Advantage Funds managed more than $389 billion of assets as of Dec 31, 2017 from diverse mutual funds categories. The Best Wells Fargo Business Credit Cards. The 6 Best Ways to Track Employee Hours in 2022 Explore the benefits of an apprenticeship and learn from case studies. The Labor Department said Wells Fargo lent money to the 401(k) plan to buy the preferred stock, and that the $1.9 trillion-asset bank used the dividends on those shares to defray the cost of its 401(k) contributions and pay back the loans. Open Menu Hide Menu. In fact, its one of the most active SBA lenders in the nation, both in terms of actual financing and in loan quantity. 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