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Wells Fargo Absolute Return A WARAX

Analyst rating as of
NAV / 1-Day Return
10.87  /  0.00
Total Assets
1.6 Bil
Adj. Expense Ratio
1.590%
Expense Ratio
1.590%
Fee Level
High
Longest Manager Tenure
9.64 years
Category
World Allocation
Investment Style
Large Value
Credit Quality / Interest Rate Sensitivity
Status
Open
TTM Yield
3.24%
Turnover
5%
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Morningstar’s Analysis

Will WARAX outperform in future?

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Summary

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Wells Fargo Absolute Return invests directly in GMO Benchmark-Free Allocation. A tried and tested management team that has invested through numerous boom and bust cycles leads the strategy, but missteps in recent years have dampened some conviction in their approach, resulting in a downgrade of the Process Pillar to Average from Above Average. This drives a Morningstar Analyst Rating downgrade to Neutral from Bronze for the strategy's three cheapest share classes; the three most expensive remain Neutral as well.

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