Allspring Ultra Short-Term Municipal Income 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 Medalist Rating of Neutral, while its priciest share class earns a Negative.
Allspring Ultra Short-Term Muni Inc A2 WFUNX
- NAV / 1-Day Return 9.58 / +0.01 %
- Total Assets 757.1 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.400%
- Distribution Fee Level Below Average
- Share Class Type No Load
- Category Muni National Short
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 2.31%
- Effective Duration 0.74 years
USD | NAV as of May 20, 2024 | 1-Day Return as of May 20, 2024, 10:20 PM GMT+0
Morningstar’s Analysis WFUNX
Will WFUNX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 11.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
PHILADELPHIA PA SCH DIST 5% | 2.21 | 17.0 Mil | Cash and Equivalents |
FAIRFAX CNTY VA REDEV & HSG AUTH MULTI-FAMILY HSG REV 1.25% | 1.91 | 14.7 Mil | municipal |
PHOENIX ARIZ INDL DEV AUTH SOLID WASTE DISP REV 4.1% | 1.30 | 10.0 Mil | municipal |
MERCER CNTY N D POLLUTN CTL REV IAM COML PAPER NTS 3/A2 SER ONE 3.6% | 1.30 | 10.0 Mil | Cash and Equivalents |
COLLEGE PK GA BUSINESS & INDL DEV AUTH MULTIFAMILY HSG REV 1.25% | 1.29 | 9.9 Mil | municipal |
METROPOLITAN TRANSN AUTH N Y REV 5% | 1.17 | 9.0 Mil | municipal |
LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 0.875% | 1.14 | 8.7 Mil | municipal |
DALLAS TEX SPL TAX REV 6% | 1.05 | 8.1 Mil | municipal |
CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 5% | 1.00 | 7.7 Mil | municipal |
MASSACHUSETTS ST HEALTH & EDL FACS AUTH 3.75% | 0.98 | 7.5 Mil | municipal |