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Wells Fargo Adjustable Rate Govt Inst EKIZX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
8.97  /  0.01 %
Total Assets
450.0 Mil
Adj. Expense Ratio
0.470%
Expense Ratio
0.470%
Fee Level
Above Average
Longest Manager Tenure
12.77 years
Category
Ultrashort Bond
Credit Quality / Interest Rate Sensitivity
High / Limited
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
1.10%
Effective Duration
0.33 years

USD | NAV as of Jun 11, 2021 | 1-Day Return as of Jun 11, 2021, 9:34 PM GMT+00:00

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Morningstar’s Analysis

Will EKIZX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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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

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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

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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.

Analyst

Summary

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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.

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