Wells Fargo Short-Term Municipal Bond’s team is sizable and experienced, but the approach employs myriad levers, which challenges repeatability in the hands of a recently reshuffled management group. The strategy’s cheaper share classes earn a Morningstar Analyst Rating of Neutral, while its priciest share class is rated Negative.
Will WSMAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable WSMAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the WSMAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of WSMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.