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.
Will ESAAX 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 ESAAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the ESAAX 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 ESAAX’s parent organization’s priorities and whether they’re in line with investors’ interests.