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Wells Fargo Ultra Shrt-Term Muni Inc Adm WUSMX

Analyst rating as of
NAV / 1-Day Return
9.60  /  0.00 %
Total Assets
2.2 Bil
Adj. Expense Ratio
0.500%
Expense Ratio
0.500%
Fee Level
High
Longest Manager Tenure
3.97 years
Category
Muni National Short
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
0.31%
Effective Duration
0.86 years
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Morningstar’s Analysis

Will WUSMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Significant leadership departures are still settling.

Summary

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Wells Fargo Ultra Short-Term Municipal Income’s team is sizable and experienced, but the approach employs myriad levers, which challenges repeatability in the hands of a recently reshuffled management group. The strategy’s cheaper share classes earn a Neutral Morningstar Analyst Rating, while its priciest share class is rated Negative.

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