Morningstar

Allspring Ultra Short Municipal ETF AUSM

Morningstar Medalist Rating
Medalist Rating as of | See Allspring Investment Hub

Morningstar’s Analysis AUSM

Will AUSM outperform in the future?

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

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AUSM’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the AUSM management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of AUSM’s parent organization’s priorities and whether they’re in line with investors’ interests.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

A bottom-up-focused municipal strategy with more to prove. Allspring Ultra Short-Term Municipal Income rests on solid footing in credit research, but the team still needs a stronger record in various muni markets.

by Ken Noguchi
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings AUSM

More AUSM Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 2.02%

2.29 750,000
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 2.95%

1.91 627,714
municipal

BILOXI MISS PUB SCH DIST 5%

1.58 517,169
municipal

WESTFIELD WASH IND MULTI-SCH BLDG CORP 5%

1.57 515,054
Cash and Equivalents

PROSPER TEX INDPT SCH DIST 4%

1.56 510,742
municipal

CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 4.1%

1.54 506,598
municipal

CHICAGO ILL MIDWAY ARPT REV 5%

1.54 505,137
municipal

OHIO ST HOSP REV 5%

1.54 505,005
municipal

ALASKA MUN BD BK ALASKA MUN BD BK AUTH 5%

1.53 502,575
Cash and Equivalents

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

1.53 501,492
municipal

Sponsor Center