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Allspring Ultra Shrt-Term Muni IncInst SMAIX

Analyst rating as of
NAV / 1-Day Return
9.45  /  0.01 %
Total Assets
1.8 Bil
Adj. Expense Ratio
0.250%
Expense Ratio
0.250%
Fee Level
Low
Longest Manager Tenure
4.65 years
Category
Muni National Short
Credit Quality / Interest Rate Sensitivity
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
0.50%
Effective Duration
0.86 years

Morningstar’s Analysis

Will SMAIX 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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