Allspring Ultra Short-Term Municipal Income Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.0%
1 yr return
3.0%
3 Yr Avg Return
1.8%
5 Yr Avg Return
1.2%
Net Assets
$824 M
Holdings in Top 10
12.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.66%
SALES FEES
Front Load 2.00%
Deferred Load N/A
TRADING FEES
Turnover 30.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SMAVX - Profile
Distributions
- YTD Total Return 3.0%
- 3 Yr Annualized Total Return 1.8%
- 5 Yr Annualized Total Return 1.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.42%
- Dividend Yield 2.8%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAllspring Ultra Short-Term Municipal Income Fund
-
Fund Family NameAllspring Funds
-
Inception DateOct 02, 2000
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBruce Johns
Fund Description
■ | at least 80% of the Fund’s net assets in municipal securities whose interest is exempt from federal income tax, but not necessarily federal alternative minimum tax (AMT); |
■ | up to 20% of the Fund’s total assets in securities whose interest is subject to federal AMT; and |
■ | up to 10% of the Fund’s total assets in below investment-grade municipal securities. |
SMAVX - Performance
Return Ranking - Trailing
Period | SMAVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.0% | -7.3% | 37.5% | 7.79% |
1 Yr | 3.0% | -7.4% | 37.6% | 8.66% |
3 Yr | 1.8%* | -11.8% | 5.1% | 2.60% |
5 Yr | 1.2%* | -7.4% | 1103.2% | 14.37% |
10 Yr | 0.9%* | -1.1% | 248.8% | 81.54% |
* Annualized
Return Ranking - Calendar
Period | SMAVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.4% | -1.4% | 41.0% | 90.03% |
2022 | -1.6% | -39.7% | 0.3% | 1.77% |
2021 | -0.2% | -5.6% | 6.9% | 38.35% |
2020 | 0.1% | -2.6% | 310.0% | 94.89% |
2019 | 0.3% | 0.0% | 26.0% | 98.92% |
Total Return Ranking - Trailing
Period | SMAVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.0% | -7.3% | 37.5% | 7.79% |
1 Yr | 3.0% | -7.4% | 37.6% | 8.66% |
3 Yr | 1.8%* | -11.8% | 5.1% | 2.60% |
5 Yr | 1.2%* | -7.4% | 1103.2% | 14.37% |
10 Yr | 0.9%* | -1.1% | 248.8% | 81.54% |
* Annualized
Total Return Ranking - Calendar
Period | SMAVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.4% | -1.3% | 41.0% | 93.80% |
2022 | -0.8% | -39.7% | 1.1% | 2.32% |
2021 | 0.1% | -4.8% | 23761504.0% | 85.70% |
2020 | 0.7% | -1.5% | 17057.9% | 96.99% |
2019 | 1.8% | 0.2% | 3514.6% | 98.34% |
NAV & Total Return History
SMAVX - Holdings
Concentration Analysis
SMAVX | Category Low | Category High | SMAVX % Rank | |
---|---|---|---|---|
Net Assets | 824 M | 3.22 M | 71.9 B | 34.07% |
Number of Holdings | 382 | 4 | 13418 | 33.18% |
Net Assets in Top 10 | 90.5 M | -317 M | 3.09 B | 47.15% |
Weighting of Top 10 | 12.26% | 1.8% | 100.3% | 74.60% |
Top 10 Holdings
- FAIRFAX CNTY VA REDEV HSG AUTH MF HSG REVENUE 2.02%
- QUINCY MA 1.40%
- County of Mercer ND 1.35%
- MET TRANSPRTN AUTH NY REVENUE 1.22%
- LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS CMNTY DEV AUTH REVE 1.21%
- DALLAS TX SPL TAX REVENUE 1.09%
- County of Mercer ND 1.04%
- MASSACHUSETTS ST HLTH EDUCTNL FACS AUTH REVENUE 1.02%
- DANBURY CT 0.95%
- WESTFIELD-WASHINGTON IN MULTI-SCH BLDG CORP 0.95%
Asset Allocation
Weighting | Return Low | Return High | SMAVX % Rank | |
---|---|---|---|---|
Bonds | 96.55% | 0.00% | 150.86% | 82.08% |
Cash | 4.53% | -50.86% | 44.62% | 9.74% |
Stocks | 0.00% | 0.00% | 99.77% | 41.28% |
Preferred Stocks | 0.00% | 0.00% | 0.07% | 32.17% |
Other | 0.00% | -3.69% | 53.54% | 41.50% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 31.83% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SMAVX % Rank | |
---|---|---|---|---|
Municipal | 94.73% | 44.39% | 100.00% | 83.68% |
Cash & Equivalents | 4.53% | 0.00% | 44.41% | 8.13% |
Derivative | 0.00% | -3.69% | 53.54% | 39.56% |
Securitized | 0.00% | 0.00% | 5.93% | 33.65% |
Corporate | 0.00% | 0.00% | 9.41% | 43.36% |
Government | 0.00% | 0.00% | 52.02% | 37.83% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SMAVX % Rank | |
---|---|---|---|---|
US | 96.55% | 0.00% | 142.23% | 80.12% |
Non US | 0.00% | 0.00% | 23.89% | 36.47% |
SMAVX - Expenses
Operational Fees
SMAVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.66% | 0.01% | 8.02% | 58.80% |
Management Fee | 0.25% | 0.00% | 1.20% | 9.46% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 4.25% |
Administrative Fee | 0.16% | 0.01% | 0.44% | 83.85% |
Sales Fees
SMAVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 2.00% | 0.50% | 4.75% | 94.83% |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
SMAVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SMAVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 30.00% | 0.00% | 283.00% | 78.48% |
SMAVX - Distributions
Dividend Yield Analysis
SMAVX | Category Low | Category High | SMAVX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.80% | 0.00% | 14.51% | 80.60% |
Dividend Distribution Analysis
SMAVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
SMAVX | Category Low | Category High | SMAVX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.42% | -0.53% | 5.33% | 96.53% |
Capital Gain Distribution Analysis
SMAVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Nov 29, 2024 | $0.022 | OrdinaryDividend |
Oct 31, 2024 | $0.022 | OrdinaryDividend |
Sep 30, 2024 | $0.022 | OrdinaryDividend |
Aug 30, 2024 | $0.022 | OrdinaryDividend |
Jul 31, 2024 | $0.021 | OrdinaryDividend |
Jun 28, 2024 | $0.020 | OrdinaryDividend |
May 31, 2024 | $0.001 | OrdinaryDividend |
Apr 30, 2024 | $0.020 | OrdinaryDividend |
Mar 28, 2024 | $0.019 | OrdinaryDividend |
Feb 28, 2024 | $0.020 | OrdinaryDividend |
Jan 31, 2024 | $0.019 | OrdinaryDividend |
Dec 29, 2023 | $0.020 | OrdinaryDividend |
Nov 30, 2023 | $0.019 | OrdinaryDividend |
Oct 31, 2023 | $0.020 | OrdinaryDividend |
Sep 29, 2023 | $0.018 | OrdinaryDividend |
Aug 31, 2023 | $0.016 | OrdinaryDividend |
Jul 31, 2023 | $0.015 | OrdinaryDividend |
Jun 30, 2023 | $0.014 | OrdinaryDividend |
May 31, 2023 | $0.012 | OrdinaryDividend |
Apr 28, 2023 | $0.012 | OrdinaryDividend |
Mar 31, 2023 | $0.012 | OrdinaryDividend |
Feb 28, 2023 | $0.013 | OrdinaryDividend |
Jan 31, 2023 | $0.012 | OrdinaryDividend |
Dec 29, 2022 | $0.011 | OrdinaryDividend |
Nov 29, 2022 | $0.011 | OrdinaryDividend |
Oct 28, 2022 | $0.010 | OrdinaryDividend |
Sep 29, 2022 | $0.009 | OrdinaryDividend |
Aug 30, 2022 | $0.008 | OrdinaryDividend |
Jul 28, 2022 | $0.006 | OrdinaryDividend |
Jun 29, 2022 | $0.006 | OrdinaryDividend |
May 30, 2022 | $0.005 | OrdinaryDividend |
Apr 28, 2022 | $0.004 | OrdinaryDividend |
Mar 30, 2022 | $0.003 | OrdinaryDividend |
Feb 25, 2022 | $0.002 | OrdinaryDividend |
Jan 28, 2022 | $0.001 | OrdinaryDividend |
Dec 31, 2021 | $0.001 | OrdinaryDividend |
Nov 30, 2021 | $0.001 | OrdinaryDividend |
Oct 31, 2021 | $0.001 | OrdinaryDividend |
Sep 30, 2021 | $0.001 | OrdinaryDividend |
Aug 31, 2021 | $0.001 | OrdinaryDividend |
Jul 31, 2021 | $0.002 | OrdinaryDividend |
Jun 30, 2021 | $0.002 | OrdinaryDividend |
May 31, 2021 | $0.002 | OrdinaryDividend |
Apr 30, 2021 | $0.003 | OrdinaryDividend |
Mar 31, 2021 | $0.002 | OrdinaryDividend |
Feb 28, 2021 | $0.003 | OrdinaryDividend |
Jan 31, 2021 | $0.002 | OrdinaryDividend |
Dec 31, 2020 | $0.003 | OrdinaryDividend |
Nov 30, 2020 | $0.004 | OrdinaryDividend |
Oct 30, 2020 | $0.004 | OrdinaryDividend |
Sep 30, 2020 | $0.004 | OrdinaryDividend |
Aug 31, 2020 | $0.004 | OrdinaryDividend |
Jul 31, 2020 | $0.006 | OrdinaryDividend |
Apr 30, 2020 | $0.011 | OrdinaryDividend |
Mar 31, 2020 | $0.012 | OrdinaryDividend |
Dec 31, 2019 | $0.009 | OrdinaryDividend |
Nov 29, 2019 | $0.010 | OrdinaryDividend |
Oct 31, 2019 | $0.010 | OrdinaryDividend |
Sep 30, 2019 | $0.010 | OrdinaryDividend |
Aug 30, 2019 | $0.011 | OrdinaryDividend |
Jul 31, 2019 | $0.011 | OrdinaryDividend |
Jun 28, 2019 | $0.011 | OrdinaryDividend |
Dec 09, 2016 | $0.000 | CapitalGainShortTerm |
Dec 09, 2016 | $0.001 | CapitalGainLongTerm |
Dec 11, 2015 | $0.002 | CapitalGainLongTerm |
Dec 11, 2014 | $0.000 | CapitalGainShortTerm |
Dec 11, 2014 | $0.002 | CapitalGainLongTerm |
Dec 09, 2013 | $0.001 | CapitalGainLongTerm |
SMAVX - Fund Manager Analysis
Managers
Bruce Johns
Start Date
Tenure
Tenure Rank
Nov 01, 2017
4.58
4.6%
Bruce Johns is a senior portfolio manager for the Municipal Fixed Income team at Allspring Global Investments. In this capacity, he manages national short to intermediate maturity strategies and certain state-specific mutual funds. Bruce joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). He joined WFAM from Strong Capital Management, where he was a senior research analyst covering the health care sector. Prior to taking on the role of research analyst at Strong, his area of responsibility included all fixed income settlements operations. He earned a bachelor’s degree in business and finance from the University of Wisconsin, Parkside. Bruce is a member of the National Federation of Municipal Analysts and the Minnesota Society of Municipal Analysts.
James Randazzo
Start Date
Tenure
Tenure Rank
Mar 28, 2019
3.18
3.2%
James (Jim) Randazzo is a senior portfolio manager for the Global Liquidity Solutions and Municipal Fixed Income teams at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to WFAM, Jim was with Evergreen or one of its predecessor firms since 2000. Earlier, he served as a financial analyst at KPMG, as a financial advisor for Prudential Securities, and as a trader for HSBC. He began his investment industry career in 1993 at Greenwich Partners, Inc. Jim earned a bachelor’s degree in finance from Iona College and a master’s degree in business administration with an emphasis in finance from the University of Connecticut.
Nicholos Venditti
Start Date
Tenure
Tenure Rank
Sep 01, 2020
1.75
1.8%
Nicholos Venditti is a senior portfolio manager for the Municipal Fixed Income team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Before joining WFAM, he was with Thornburg Investment Management as a portfolio manager and head of the municipal bond group. Earlier positions there include serving as a portfolio manager on seven mutual funds and separately managed accounts with total assets of approximately $10 billion. Prior to Thornburg, Nicholos held a variety of roles focused on municipal credit analysis at Financial Security Assurance/Assured Guaranty, where he began his investment industry career in 2007. He earned a bachelor’s degree in theoretical economics from Trinity University; a master’s degree in applied economics from the University of North Carolina, Greensboro, where he also served as an adjunct professor; and a master’s degree in finance from Syracuse University. He has earned the right to use the Chartered Financial Analyst® (CFA) designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.36 | 1.58 |