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Wells Fargo Absolute Return Inst WABIX

Analyst rating as of
NAV / 1-Day Return
10.75  /  1.19 %
Total Assets
1.9 Bil
Adj. Expense Ratio
1.140%
Expense Ratio
1.140%
Fee Level
High
Longest Manager Tenure
8.75 years
Category
US Fund World Allocation
Investment Style
Large Value
Credit Quality / Interest Rate Sensitivity
Status
Open
TTM Yield
3.10%
Turnover
4%
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Morningstar’s Analysis

Will WABIX outperform in future?

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

GMO Slashes Equity Exposure After Dramatic Stock Market Runup; Ratings Unchanged

Analyst

Analyst Note

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GMO recently disclosed a significant allocation shift in GMO Benchmark-Free Allocation, cutting equity exposure from a 58% target weight on April 30, 2020, to a 25% target weight on May 15, 2020. The team made this cut based on its belief that the runup in developed equity markets from the March 23 bottom assumes a swift and orderly economic recovery, which the team believes is a less-than-guaranteed outcome. GMO Benchmark-Free Allocation's remaining equity exposure is concentrated in emerging-markets equities, which the team views as still significantly undervalued.

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