Morningstar

Allspring Municipal Bond Fund - Class A WMFAX

Morningstar Medalist Rating
Medalist Rating as of | See Allspring Investment Hub
  • NAV / 1-Day Return 9.70  /  −0.21 %
  • Total Assets 9.8B
  • Adj. Expense Ratio
    0.730%
  • Expense Ratio 0.730%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.10%
  • Effective Duration 6.32 years

USD | NAV as of Jul 17, 2026 | 1-Day Return as of Jul 17, 2026, 12:10 AM GMT+0

Morningstar’s Analysis WMFAX

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

  • People Pillar

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

The core group remains intact, despite team changes.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

Allspring Municipal Bond’s experienced leadership remains a key strength as the supporting team grapples with changes.

by Ken Noguchi
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings WMFAX

More WMFAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 4.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CLARK CNTY NEV 5%

0.52 51M
municipal

REGIONAL TRANSN DIST COLO SALES TAX REV 5%

0.52 51M
municipal

PORT PORTLAND ORE ARPT REV 5.25%

0.51 50M
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA GAS SUPPLY REV 5.25%

0.49 49M
municipal

NORTHWEST TEX INDPT SCH DIST 4%

0.49 49M
municipal

TEXAS TRANSN FIN CORP SH 288 SYS TOLL REV 5.25%

0.45 44M
municipal

TEXAS WTR DEV BRD REV 5%

0.44 43M
municipal

METROPOLITAN PIER & EXPOSITION AUTH ILL DEDICATED ST TAX REV 0%

0.43 43M
municipal

FAIRFAX CNTY VA INDL DEV AUTH HEALTH CARE REV 5%

0.43 42M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.41 40M
municipal

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