Allspring Ultra Short-Term Municipal Income is sizable and experienced, but the reshuffled management group has yet to establish an edge over its peers. The strategy’s cheaper share classes earn a Morningstar Medalist Rating of Neutral, while its priciest share class earns a Negative.
Allspring Ultra Shrt-Term Muni IncInst SMAIX
- NAV / 1-Day Return 9.56 / −0.10 %
- Total Assets 770.7 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.250%
- Distribution Fee Level Low
- Share Class Type Institutional
- Category Muni National Short
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 1.0 Mil
- Status Open
- TTM Yield 2.38%
- Effective Duration 0.69 years
USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 11:53 PM GMT+0
Morningstar’s Analysis SMAIX
Will SMAIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 12.3
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
PHILADELPHIA PA SCH DIST 5% | 2.09 | 17.0 Mil | Cash and Equivalents |
FAIRFAX CNTY VA REDEV & HSG AUTH MULTI-FAMILY HSG REV 1.25% | 1.80 | 14.7 Mil | municipal |
REGIONAL TRANSN AUTH ILL EXTENDIBLE RESET SECS 4.15% | 1.38 | 11.2 Mil | municipal |
PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV 4.3% | 1.23 | 10.0 Mil | municipal |
MERCER CNTY N D POLLUTN CTL REV IAM COML PAPER NTS 3/A2 SER ONE 3.6% | 1.23 | 10.0 Mil | Cash and Equivalents |
PHOENIX ARIZ INDL DEV AUTH SOLID WASTE DISP REV 4.1% | 1.23 | 10.0 Mil | municipal |
COLLEGE PK GA BUSINESS & INDL DEV AUTH MULTIFAMILY HSG REV 1.25% | 1.22 | 9.9 Mil | municipal |
METROPOLITAN TRANSN AUTH N Y REV 5% | 1.11 | 9.0 Mil | municipal |
TENDER OPT BD TR RCPTS / CTFS VAR STS 3.85% | 1.11 | 9.0 Mil | municipal |
CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 0.01% | 1.09 | 8.9 Mil | municipal |