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Morningstar

Allspring Minnesota Tax-Free Instl WMTIX

Morningstar Medalist Rating
Medalist Rating as of | See Allspring Investment Hub
  • NAV / 1-Day Return 10.05  /  0.09 %
  • Total Assets 196.0 Mil
  • Adj. Expense Ratio
    0.520%
  • Expense Ratio 0.520%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni Minnesota
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 2.42%
  • Effective Duration 5.13 years

USD | NAV as of Jun 07, 2023 | 1-Day Return as of Jun 07, 2023, 11:52 PM GMT+0

Morningstar’s Analysis WMTIX

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

People Pillar

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

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Allspring Minnesota Tax-Free Instl to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings WMTIX

More WMTIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 246
  • Other Holdings 4
  • % Assets in Top 10 Holdings 14.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

OAK PARK HEIGHTS MINN MULTI-FAMILY REV 3.38%

2.50
4,880,000
municipal

MINNESOTA ST HSG FIN AGY 4.85%

1.63
3,190,202
municipal

MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV 4%

1.55
3,021,374
municipal

NORTH ST PAUL MAPLEWOOD MINN INDPT SCH DIST NO 622 4%

1.47
2,866,986
municipal

MINNESOTA ST HIGHER ED FACS AUTH REV 4%

1.32
2,582,132
municipal

DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25%

1.32
2,579,697
municipal

ROCHESTER MINN HEALTH CARE FACS REV 4%

1.31
2,556,099
municipal

RAMSEY CNTY MINN 5%

1.17
2,283,714
municipal

ROSEVILLE MINN INDPT SCH DIST NO 623 5%

1.15
2,238,521
municipal

MINNETONKA MINN INDPT SCH DIST NO 276 CTFS PARTN 5.75%

1.14
2,233,721
municipal