A Muni Fund That Doesn't Shy Away From Risk
Though it can be bumpy at times, Silver-rated Wells Fargo Advantage Municipal Bond has successfully invested in mid- and lower-quality tiers of the market over the long term.
Beth Foos: The Wells Fargo Advantage Municipal Bond Fund is backed by an experienced team that focuses on research and valuation to gain an edge on its rivals. Their credit-intensive approach has fared relatively well over the longer term, earning it a Morningstar Analyst Rating of Silver.
This fund definitely requires some patience and won't appeal to those looking for a high-quality anchor for their muni portfolio. Manager Lyle Fitterer and his team will invest heavily in the mid- and lower-quality tiers of the market when they think the time is right.
Elizabeth Foos does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
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