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Morningstar

Allspring Short-Term Municipal Bd Adm WSTMX

Morningstar Medalist Rating
Medalist Rating as of | See Allspring Investment Hub
  • NAV / 1-Day Return 9.52  /  0.11 %
  • Total Assets 1.9 Bil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.600%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 2.03%
  • Effective Duration 1.94 years

USD | NAV as of Nov 28, 2023 | 1-Day Return as of Nov 28, 2023, 11:18 PM GMT+0

Morningstar’s Analysis WSTMX

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

People Pillar

The People Pillar is our evaluation of the WSTMX 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 WSTMX’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 Short-Term 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 Analyst Rating of Neutral, while its priciest share class earns a Negative.

by Thomas Murphy
Rated on Published on

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Portfolio Holdings WSTMX

More WSTMX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 693
  • Other Holdings 39
  • % Assets in Top 10 Holdings 10.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

SEATTLE WASH MUN LT & PWR REV 4.68%

1.25
23,190,000
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5%

1.23
22,787,021
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%

1.12
20,820,394
municipal

SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 4%

1.07
19,927,945
municipal

MICHIGAN ST STRATEGIC FD LTD OBLIG REV 1.8%

1.02
18,965,825
municipal

WISCONSIN ST HEALTH & EDL FACS AUTH REV 5%

0.99
18,412,353
municipal

MINNEAPOLIS MINN HEALTH CARE SYS REV 5%

0.86
16,037,822
municipal

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 4.49%

0.83
15,508,613
municipal

MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV 4.558%

0.79
14,694,476
municipal

TOHOPEKALIGA WTR AUTH FLA UTIL SYS REV 5%

0.78
14,489,655
municipal