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Morningstar

Allspring Ultra Shrt-Term Muni IncInst SMAIX Fund Analysis

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

Morningstar’s Analysis SMAIX

Will SMAIX outperform in 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 SMAIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SMAIX 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 SMAIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Trying to stay on track after team changes.

Analyst Thomas Murphy

Thomas Murphy

Analyst

Summary

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.

by Thomas Murphy
Rated on Published on

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