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Morningstar

Allspring Ultra Shrt-Term Muni Inc Adm WUSMX

Morningstar Medalist Rating
Medalist Rating as of | See Allspring Investment Hub
  • NAV / 1-Day Return 9.62  /  +0.02 %
  • Total Assets 826.6 Mil
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.500%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 2.34%
  • Effective Duration 0.85 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:20 PM GMT+0

Morningstar’s Analysis WUSMX

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

  • People Pillar

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

This veteran team is on the right path, with more to prove.

Associate Analyst Ken Noguchi

Ken Noguchi

Associate Analyst

Summary

Allspring Ultra Short-Term Municipal Income’s experienced managers and well-staffed supporting cast execute a straightforward approach but have not proved its edge.

by Ken Noguchi
Rated on Published on

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Portfolio Holdings WUSMX

More WUSMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

FAIRFAX CNTY VA REDEV & HSG AUTH MULTI-FAMILY HSG REV 1.25%

1.90 14.8 Mil
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 4.45%

1.80 14.0 Mil
municipal

QUINCY MASS 4.5%

1.33 10.4 Mil
municipal

COLLEGE PK GA BUSINESS & INDL DEV AUTH MULTIFAMILY HSG REV 1.25%

1.29 10.0 Mil
municipal

UNIVERSITY WIS HOSPS & CLINICS AUTH REV 4.65%

1.23 9.5 Mil
municipal

METROPOLITAN TRANSN AUTH N Y REV 5%

1.16 9.0 Mil
municipal

LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 0.875%

1.14 8.8 Mil
municipal

DALLAS TEX SPL TAX REV 6%

1.04 8.1 Mil
municipal

MERCER CNTY N D POLLUTN CTL REV IAM COML PAPER NTS 3/A2 SER ONE 3.7%

0.98 7.6 Mil
Cash and Equivalents

MASSACHUSETTS ST HEALTH & EDL FACS AUTH 3.7%

0.97 7.5 Mil
municipal