Wells Fargo Core Bond’s distinctive approach is strong, but a slim team characterized by turnover warrants a downgrade of its People rating to Average from Above Average. This change earns the strategy a Morningstar Analyst Rating of Neutral across its cheaper share classes, while its most expensive class is rated Negative.
Will WTRRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable WTRRX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the WTRRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of WTRRX’s parent organization’s priorities and whether they’re in line with investors’ interests.