Morningstar

Allspring Short-Term Municipal Bond Fund - Class A WSMAX

Morningstar Medalist Rating
Medalist Rating as of | See Allspring Investment Hub
  • NAV / 1-Day Return 9.77  /  0.00
  • Total Assets 1.1B
  • Adj. Expense Ratio
    0.630%
  • Expense Ratio 0.610%
  • 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 2.44%
  • Effective Duration 1.75 years

USD | NAV as of Jul 14, 2026 | 1-Day Return as of Jul 14, 2026, 12:18 AM GMT+0

Morningstar’s Analysis WSMAX

Will WSMAX 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 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.

The core group remains intact, despite the team changes.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

Allspring Short-Term 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 WSMAX

More WSMAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

ANDOVER KANS 3.5%

1.26 14M
municipal

OREGON ST 5%

0.98 11M
municipal

TEXAS TRANSN COMMN CENT TEX TPK SYS REV 5%

0.96 11M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.95 11M
municipal

ILLINOIS ST 5%

0.92 10M
municipal

LOUISIANA PUB FACS AUTH SOLID WASTE DISP FAC REV 4.375%

0.90 10M
municipal

MICHIGAN ST STRATEGIC FD LTD OBLIG REV 3.875%

0.90 10M
municipal

CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG 3.05%

0.90 10M
municipal

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.97%

0.89 10M
municipal

SOUTHERN CALIF PUB PWR AUTH REV 5%

0.82 9M
municipal

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