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Allspring Municipal Bond Inst WMBIX

Medalist Rating as of | See Allspring Investment Hub
  • NAV / 1-Day Return 9.65  /  0.22 %
  • Total Assets 6.4 Bil
  • Adj. Expense Ratio
    0.440%
  • Expense Ratio 0.440%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 3.19%
  • Effective Duration 7.68 years

Morningstar’s Analysis WMBIX

Will WMBIX 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 Municipal Bond’s team 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 is rated Negative.

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Portfolio Holdings WMBIX

  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 1333
  • Other Holdings 13
  • % Assets in Top 10 Holdings 5.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

REGIONAL TRANSN DIST COLO SALES TAX REV 5%

0.87
51,534,958
municipal

CLARK CNTY NEV 5%

0.85
50,155,751
municipal

TEXAS WTR DEV BRD REV 5%

0.71
41,706,164
municipal

Allspring Municipal Cash Mgmt MMktInst

0.62
36,381,344
Cash and Equivalents

SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 4%

0.57
33,627,165
municipal

SOUTH CAROLINA ST PUB SVCS AUTH REV 5.75%

0.54
31,898,775
municipal

PHILADELPHIA PA SCH DIST 5%

0.49
29,145,046
municipal

ILLINOIS FIN AUTH REV 5%

0.49
28,823,538
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

0.48
28,592,823
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%

0.46
26,996,432
municipal