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Morningstar

Allspring Municipal Bond A WMFAX

Morningstar Medalist Rating
Medalist Rating as of | See Allspring Investment Hub
  • NAV / 1-Day Return 9.30  /  0.52 %
  • Total Assets 5.7 Bil
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.750%
  • 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 2.80%
  • Effective Duration 5.77 years

USD | NAV as of Sep 28, 2023 | 1-Day Return as of Sep 28, 2023, 10:24 PM GMT+0

Morningstar’s Analysis WMFAX

Will WMFAX 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 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.

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.

by Thomas Murphy
Rated on Published on

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Portfolio Holdings WMFAX

More WMFAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 1313
  • Other Holdings 4
  • % Assets in Top 10 Holdings 6.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Allspring Municipal Cash Mgmt MMktInst

1.44
88,688,838
Cash and Equivalents

REGIONAL TRANSN DIST COLO SALES TAX REV 5%

0.85
52,470,090
municipal

CLARK CNTY NEV 5%

0.85
52,157,216
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 3.75%

0.81
50,000,000
municipal

MISSISSIPPI BUSINESS FIN CORP MISS PORT FAC REV 3.9%

0.81
50,000,000
municipal

TEXAS WTR DEV BRD REV 5%

0.71
43,567,625
municipal

Future on Ultra 10 Year US Treasury Note

0.57
34,832,812
Government

SOUTH CAROLINA ST PUB SVCS AUTH REV 5.75%

0.55
33,763,488
municipal

SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 4%

0.55
33,702,952
municipal

NUVEEN CALIF AMT FREE MUNICIPAL INCOME FD 4.92%

0.52
32,000,000
municipal