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Allspring Ultra Shrt-Term Muni IncInst SMAIX

Analyst rating as of
NAV / 1-Day Return
9.46  /  0.00 %
Total Assets
1.2 Bil
Adj. Expense Ratio
0.250%
Expense Ratio
0.250%
Distribution Fee Level
Low
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
0.93%
Effective Duration
0.89 years

Morningstar’s Analysis SMAIX

Will SMAIX outperform in future?

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

A refreshed leadership group charts its own course.

Summary

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Allspring 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 Morningstar Analyst Rating of Neutral, while its priciest share class earns a Negative.

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