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Wells Fargo Adjustable Rate Govt A ESAAX

Analyst rating as of
NAV / 1-Day Return
8.96  /  0.11 %
Total Assets
504.8 Mil
Adj. Expense Ratio
0.750%
Expense Ratio
0.750%
Fee Level
Average
Longest Manager Tenure
13.23 years
Category
Ultrashort Bond
Credit Quality / Interest Rate Sensitivity
High / Limited
Min. Initial Investment
1,000
Status
Open
TTM Yield
0.42%
Effective Duration
0.22 years
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Morningstar’s Analysis

Will ESAAX outperform in future?

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

Strong leadership, but a niche focus limits this strategy’s role.

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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