The Wells Fargo Index Asset Allocation Fund Class C (ticker: WFALX) is a mutual fund that aims to provide investors with a diversified portfolio of assets by investing in a variety of index funds. This fund is managed by Wells Fargo and focuses on maintaining a balanced allocation across different asset classes, such as stocks, bonds, and cash equivalents. The Class C shares of this fund have a lower expense ratio compared to other share classes, making it a more cost-effective option for investors. Overall, WFALX offers a convenient and efficient way for investors to gain exposure to a broad range of assets through a single investment.