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Morningstar

Allspring Ultra Shrt-Term Muni Inc A SMAVX

Morningstar Medalist Rating
Medalist Rating as of | See Allspring Investment Hub
  • NAV / 1-Day Return 9.56  /  +0.01 %
  • Total Assets 794.2 Mil
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.500%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.13%
  • Effective Duration 0.71 years

USD | NAV as of Apr 15, 2024 | 1-Day Return as of Apr 15, 2024, 11:48 PM GMT+0

Morningstar’s Analysis SMAVX

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

  • People Pillar

    The People Pillar is our evaluation of the SMAVX 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 SMAVX’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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Portfolio Holdings SMAVX

More SMAVX Holdings
  • 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