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Wells Fargo Short-Term Municipal Bond R6 WSSRX

Analyst rating as of
NAV / 1-Day Return
9.99  /  0.01 %
Total Assets
2.8 Bil
Adj. Expense Ratio
0.350%
Expense Ratio
0.350%
Fee Level
Below Average
Longest Manager Tenure
1.69 years
Category
US Fund Muni National Short
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
0
Status
Open
TTM Yield
1.59%
Effective Duration
1.90 years
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Morningstar’s Analysis

Will WSSRX outperform in future?

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New Managers Added to Wells Fargo Short-Term Municipal Bond as Wendy Casetta Steps Down

Senior Analyst

Analyst Note

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Effective Sept. 1, 2020, Wells Fargo appointed Nicholos Venditti and Brandon Pae as comanagers of Wells Fargo Short-Term Municipal Bond alongside manager Bruce Johns. The duo'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. Pae joined Wells Fargo in 2012 and previously served as an analyst with the firm's municipal-bond group.

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