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Wells Fargo Municipal Bond Admin WMFDX

Analyst rating as of
NAV / 1-Day Return
10.58  /  0.10 %
Total Assets
5.5 Bil
Adj. Expense Ratio
0.600%
Expense Ratio
0.600%
Fee Level
Above Average
Longest Manager Tenure
12.17 years
Category
US Fund Muni National Long
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
2.56%
Effective Duration
5.33 years
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Morningstar’s Analysis

Will WMFDX outperform in future?

Get our overall rating based on a fundamental assessment of the pillar’s below.

A notable loss in leadership.

Summary

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Wells Fargo Municipal Bond retains a deep and experienced group, but as the reshuffled management team charts their own course in the wake of longtime manager Lyle Fitterer’s departure, there’s not yet evidence that this strategy’s process will outperform going forward, leading to a downgrade of its Process Pillar from Above Average to Average. The strategy’s cheaper share classes are downgraded to a Morningstar Analyst Rating of Neutral, while its most expensive share class is rated Negative.

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