Morningstar

Allspring Ultra Short-Term Municipal Income Fund Class A2 WFUNX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $9.60  /  0.00
  • Fund Size $1.2B
  • Adjusted Expense Ratio 0.400%
  • Net Expense Ratio 0.400%
  • Fee Level: Distribution Below Average
  • Share Class Type No Load
  • Morningstar Category Muni National Short
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 2.70%
  • Average Effective Duration 0.94 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis WFUNX

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

  • People Pillar

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

The core group remains intact, despite the team changes.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

Allspring Ultra Short-Term Municipal Income’s experienced leadership remains a key strength as the supporting team grapples with changes.

by Ken Noguchi
Rated on Published on

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Portfolio Holdings WFUNX

More WFUNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 3.37%

1.32 16M
municipal

APPLETON WIS REDEV AUTH REDEV REV 3.9%

1.25 15M
municipal

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 3.55%

1.24 15M
municipal

NEW YORK ST HSG FIN AGY REV 3%

1.16 14M
municipal

OHIO ST HOSP REV 3.55%

1.02 12M
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH 3.4%

0.99 12M
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

0.98 12M
municipal

PHILADELPHIA PA SCH DIST 5%

0.88 11M
municipal

TENDER OPT BD TR RCPTS / CTFS VAR STS 3.4%

0.85 10M
municipal

TEXAS TRANSN COMMN CENT TEX TPK SYS REV 5%

0.84 10M
municipal

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