Wells Fargo Adjustable Rate Government boasts a veteran lead manager, but its process is straightforward, and its niche focus makes it tough to stand out among more diversified peers. The strategy’s cheaper share classes earn a Morningstar Analyst Rating of Neutral, while its priciest share class is rated Negative.
Allspring Adjustable Rate Govt Inst EKIZX
NAV / 1-Day Return
8.94
/
0.00
%
Total Assets
535.0 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.470%
Expense Ratio
0.470%
Fee Level
Above Average
Longest Manager Tenure
13.37
years
Category
Ultrashort Bond
Credit Quality / Interest Rate Sensitivity
High / LimitedMin. Initial Investment
1,000,000
Status
Open
TTM Yield
0.61%
Effective Duration
0.13
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will EKIZX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable EKIZX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the EKIZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of EKIZX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Strong leadership, but a niche focus limits this strategy’s role.
