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Morningstar

Allspring Short-Term Municipal Bd A WSMAX

Morningstar Medalist Rating
Medalist Rating as of | See Allspring Investment Hub
  • NAV / 1-Day Return 9.50  /  0.02 %
  • Total Assets 2.1 Bil
  • Adj. Expense Ratio
    0.630%
  • Expense Ratio 0.630%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.66%
  • Effective Duration 1.82 years

USD | NAV as of Jun 03, 2023 | 1-Day Return as of Jun 03, 2023, 12:08 AM GMT+0

Morningstar’s Analysis WSMAX

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

People Pillar

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

A refreshed leadership group charts its own course.

Senior Analyst R.J. D'Ancona

R.J. D'Ancona

Senior Analyst

Summary

Allspring Short-Term Municipal Bond’s team is sizable and experienced, but the approach employs myriad levers, which challenges repeatability in the hands of a recently reshuffled management group. The strategy’s cheaper share classes earn a Morningstar Analyst Rating of Neutral, while its priciest share class earns a Negative.

by R.J. D'Ancona
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings WSMAX

More WSMAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 641
  • Other Holdings 14
  • % Assets in Top 10 Holdings 12.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Allspring Municipal Cash Mgmt MMktInst

2.04
32,654,345
Cash and Equivalents

NEW YORK TRANSN DEV CORP SPL FAC REV 5%

1.45
23,292,951
municipal

SEATTLE WASH MUN LT & PWR REV 4.35%

1.45
23,190,408
municipal

CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 2.4%

1.42
22,764,163
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%

1.32
21,136,414
municipal

NORTHSIDE TEX INDPT SCH DIST 2.75%

1.26
20,232,001
municipal

SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 4%

1.25
20,077,410
municipal

WISCONSIN ST HEALTH & EDL FACS AUTH REV 5%

1.18
18,996,450
municipal

MICHIGAN ST STRATEGIC FD LTD OBLIG REV 1.8%

1.18
18,901,260
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 5.25%

1.00
16,083,165
municipal