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Allspring Ultra Shrt-Term Muni IncInst SMAIX

Medalist Rating as of | See Allspring Investment Hub
  • NAV / 1-Day Return 9.60  /  +0.02 %
  • Total Assets 779.9 Mil
  • Adj. Expense Ratio
    0.250%
  • Expense Ratio 0.250%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 2.53%
  • Effective Duration 0.77 years

USD | NAV as of Jun 22, 2024 | 1-Day Return as of Jun 22, 2024, 12:27 AM GMT+0

Morningstar’s Analysis SMAIX

Will SMAIX outperform in future?

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

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.

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Portfolio Holdings SMAIX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 11.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PHILADELPHIA PA SCH DIST 5%

2.05 17.0 Mil
Cash and Equivalents

FAIRFAX CNTY VA REDEV & HSG AUTH MULTI-FAMILY HSG REV 1.25%

1.78 14.7 Mil
municipal

QUINCY MASS 4.5%

1.25 10.3 Mil
municipal

TENDER OPT BD TR RCPTS / CTFS VAR STS 3.66%

1.20 10.0 Mil
municipal

COLLEGE PK GA BUSINESS & INDL DEV AUTH MULTIFAMILY HSG REV 1.25%

1.20 10.0 Mil
municipal

METROPOLITAN TRANSN AUTH N Y REV 5%

1.09 9.0 Mil
municipal

LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 0.875%

1.06 8.8 Mil
municipal

HARRIS CNTY TEX CULTURAL ED FACS FIN CORP MED FACS REV 3.86%

1.02 8.5 Mil
municipal

DALLAS TEX SPL TAX REV 6%

0.97 8.1 Mil
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 3.8%

0.96 8.0 Mil
municipal