Skip to Content

Allspring Ultra Shrt-Term Muni IncInst SMAIX

Analyst rating as of
NAV / 1-Day Return
9.42  /  0.01 %
Total Assets
1.9 Bil
Adj. Expense Ratio
0.250%
Expense Ratio
0.250%
Fee Level
Low
Longest Manager Tenure
4.54 years
Category
Muni National Short
Credit Quality / Interest Rate Sensitivity
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
0.48%
Effective Duration
0.91 years
Premium

Morningstar’s Analysis

Will SMAIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Significant leadership departures are still settling.

Summary

| |

Wells Fargo Ultra Short-Term Municipal Income’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 Neutral Morningstar Analyst Rating, while its priciest share class is rated Negative.

Unlock our full analysis with Morningstar Premium