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Wells Fargo Ultra Shrt-Term Muni Inc A SMAVX

Analyst rating as of

Morningstar’s Analysis

Will SMAVX outperform in future?

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

Significant leadership departures are still settling.


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Wells Fargo Ultra Short-Term Municipal Income’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 Neutral Morningstar Analyst Rating, while its priciest share class is rated Negative.

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