Effective Sept. 1, 2020, Wells Fargo appointed Nicholos Venditti as comanager of Wells Fargo Ultra Short-Term Municipal Income alongside Bruce Johns and James Randazzo. Venditti's appointment comes after the firm previously announced that long-tenured manager Wendy Casetta would be relinquishing her duties here effective Aug. 31, 2020, before she leaves the firm at the end of the year. Venditti joined Wells Fargo in July 2020 from Thornburg Investment Management, where he led Thornburg's municipal-bond group and managed several muni-bond strategies. Thornburg Limited-Term Municipal LTMIX, which was the largest strategy he ran, performed well over his tenure. From February 2015 through June 2020, the strategy's institutional share class placed in the top quartile compared with a distinct group of muni-national short Morningstar Category peers.
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