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Allspring Municipal Bond Inst WMBIX

Analyst rating as of
NAV / 1-Day Return
9.67  /  0.11 %
Total Assets
5.3 Bil
Adj. Expense Ratio
0.440%
Expense Ratio
0.440%
Fee Level
Low
Longest Manager Tenure
14.14 years
Category
Muni National Long
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
2.61%
Effective Duration
5.26 years

Morningstar’s Analysis

Will WMBIX 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 Municipal Bond’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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