Allspring Strategic Municipal Bond Fund Investment Overview

The Allspring Strategic Municipal Bond Fund is designed to provide income and capital preservation for investors.

This fund focuses on investing in high-quality municipal bonds with a strong track record of performance.

It has a relatively low expense ratio of 0.43% compared to other municipal bond funds.

The fund's investment strategy involves selecting bonds with a mix of short- and long-term maturities to balance risk and return.

The Allspring Strategic Municipal Bond Fund is a solid investment option, and here's why: it was established on December 1, 1994. This fund has a long history of stability and growth.

The fund's name is Allspring Strategic Municipal Bond Fund, and it's part of the Allspring Funds family. You can also refer to it by its legal name, which is the same as its fund family name.

The fund's manager is Robert Miller, a seasoned professional with a deep understanding of the municipal bond market.

Here are some key facts about the fund's shares:

I hope this information helps you get a better understanding of the Allspring Strategic Municipal Bond Fund!

The Allspring Strategic Municipal Bond Fund has shown steady growth over the years. Its initial investment of $10,000 has grown significantly, outperforming the S&P 500 index in some periods.

According to the performance chart, the fund's growth is compared to the S&P 500 index, which has been adjusted for splits and dividends. This allows us to see the fund's performance in a more accurate light.

The chart shows that the fund has outperformed the S&P 500 index in some periods, but not consistently. It's essential to keep in mind that past performance is not a guarantee of future results.

Here's a breakdown of the fund's growth over different time periods:

These returns are based on the fund's average annual returns, which can be found in the "Average Annual Returns" section. It's also worth noting that the fund's returns are not always higher than the S&P 500 index, as seen in the "Returns By Period" section.

The Allspring Strategic Municipal Bond Fund has a relatively low volatility of 0.60% over the past month, indicating a stable investment.

The fund's 3-year Sharpe ratio is -0.64, suggesting that its returns have not kept pace with its risks over this period. However, its 5-year and 10-year Sharpe ratios are -0.33 and 0.04, respectively, indicating improved performance.

Here are the fund's performance and volatility metrics over different time periods:

The fund's current Sharpe ratio is 1.90, indicating a strong risk-adjusted return over the past year.

The Volatility Chart is a useful tool for understanding the risk associated with an investment. It measures the average percentage change in the investment's value over the past month.

The Allspring Strategic Municipal Bond Fund has a current volatility of 0.60%, which is relatively low. This means that the investment's value has not changed much over the past month.

Volatility can be a good thing, as it can also indicate potential for growth. However, it's essential to consider other factors, such as the investment's performance over different time periods.

Here's a breakdown of the investment's performance over 3, 5, and 10 years:

As you can see, the investment's standard deviation decreases over longer time periods, indicating lower volatility. This is a positive sign, suggesting that the investment has become more stable over time.

It's essential to remember that volatility can be affected by various market conditions and economic factors. Therefore, it's crucial to monitor the investment's performance regularly and adjust your strategy accordingly.

Risk-Adjusted Performance Indicators are a crucial aspect of evaluating an investment's performance. They help us understand how well a fund has done in relation to its level of risk.

The Sharpe ratio is a key metric in this category, and it's calculated based on price changes and dividends. For instance, the Allspring Strategic Municipal Bond Fund has a Sharpe ratio of 1.90, which is a strong indicator of its risk-adjusted performance.

To put this into perspective, a higher Sharpe ratio generally means that a fund has generated more returns relative to its level of risk. However, it's essential to note that a Sharpe ratio can be affected by the benchmark used in the calculation.

Here are some key risk-adjusted performance indicators for the Allspring Strategic Municipal Bond Fund:

These indicators provide a comprehensive view of the fund's performance and help us make informed decisions about our investments.

Risk and volatility can be daunting topics, but understanding them can help you make more informed investment decisions. The Allspring Strategic Municipal Bond Fund has experienced some significant drawdowns over the years.

The largest drawdown was 8.47% and occurred on October 25, 2022. This was a tough time for investors, to say the least.

Recovery took a long time, with the fund taking 420 trading sessions to bounce back. That's a long time to wait for your investment to recover.

Here's a breakdown of the worst drawdowns for the Allspring Strategic Municipal Bond Fund:

It's worth noting that the current drawdown for the Allspring Strategic Municipal Bond Fund is 0.48%.

The Allspring Strategic Municipal Bond Fund offers a competitive dividend yield, with a 3.30% dividend yield over the last twelve months. This is a significant return on investment, especially considering the fund's consistent dividend payments.

The fund has been increasing its distributions for 3 consecutive years, demonstrating a commitment to providing steady income to investors. The annual payout has also been steadily increasing, with a payment of $0.29 per share over the last year.

Here's a breakdown of the fund's monthly dividend distributions over the past few years:

The Dividend History of Allspring Strategic Municipal Bond Fund is a story of steady growth and increasing payouts. Over the last twelve months, the fund provided a 3.30% dividend yield, with an annual payout of $0.29 per share.

The fund has been consistently increasing its distributions for 3 consecutive years, which is a promising sign for investors. This trend is reflected in the dividend payout history, where we can see the annual payouts increasing over time.

Here's a breakdown of the annual payouts for the fund:

As we can see from the table, the annual payouts have been increasing over time, with some fluctuations. This is a positive trend for investors, indicating that the fund is growing and able to distribute more dividends to its shareholders.

The net income ratio analysis is a crucial aspect of evaluating a company's dividend potential. VMPAX's net income ratio stands at 1.47%.

This is significantly higher than the category low of -0.53%. The category high for this metric is 5.33%. VMPAX's net income ratio ranks 73.20% in its category.

This strong net income ratio suggests that VMPAX is generating a substantial amount of income from its operations. This, in turn, can lead to higher dividends for investors.

Here's a brief comparison of VMPAX's net income ratio with its category:

The Allspring Strategic Municipal Bond Fund is a great option for those seeking tax-exempt income. The fund has $1 billion in total assets, which is above the $535 million average for the Muni National Short category.

Its investment strategy focuses on current income exempt from regular federal income tax. The fund invests at least 80% of its net assets in municipal securities whose interest is exempt from regular federal income tax.

Here's a breakdown of the fund's portfolio allocation:

The fund has a relatively low expense ratio of 0.47%, which is considered average within its category. This means that investors can expect to pay lower fees compared to other funds in the Muni National Short category.

The Allspring Strategic Municipal Bd Inst fund has a significant amount of assets under management, with a total of $1 billion, which is above the $535 million average for the Muni National Short category.

This is a notable advantage, as it suggests that the fund has a substantial amount of resources at its disposal to manage and invest.

The fund's assets under management are substantial, with $1 billion in total assets, but it's worth noting that the category average is $535 million.

The fund's size can be both a blessing and a curse, as it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

Here's a summary of the fund's assets under management:

This highlights the fund's relatively large size compared to its category average.

Here's a section for the "Top 10 Holdings" as part of an article about "Investment Information":

If you're looking to invest in municipal bonds, it's essential to know the top holdings in your portfolio. According to the latest data, the top 10 holdings in a particular investment are led by MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE with a 1.44% allocation.

The next top holding is CHICAGO IL, which accounts for 1.36% of the investment. This is a significant allocation, indicating that the investment has a substantial stake in the city of Chicago's revenue streams.

MET TRANSPRTN AUTH NY REVENUE is another notable top holding, making up 1.03% of the investment. This suggests that the investment has a considerable exposure to the revenue generated by the Metropolitan Transportation Authority in New York.

Here are the top 10 holdings in the investment, ranked by their allocation:

MISSOURI ST HLTH EDUCTNL FACS AUTH HLTH FACS REVENUE rounds out the top 5 holdings, with a 1.00% allocation. This is a notable holding, indicating that the investment has a significant stake in the revenue generated by Missouri's health education facilities.

The allspring strategic municipal bond fund comes with various fees and charges that you should be aware of.

The operational fees include an expense ratio of 0.79%, which falls within the medium range.

Here's a breakdown of the operational fees:

The sales fees for the fund include a front load of 4.00%, which is higher than the category return low of 0.50%.

The operating fees associated with VMPAX are relatively low, with an expense ratio of 0.79% of the fund's assets under management (AUM).

This expense ratio is considered medium range, which is a good thing for investors.

The management fee is 0.37% of AUM, which is lower than the category high of 1.20%.

VMPAX also charges a 12b-1 fee, but in this case, it's a flat 0.00% of AUM.

An administrative fee of 0.16% of AUM is also charged, which is a relatively low fee compared to the category high of 0.44%.

Here's a breakdown of the operating fees:

Overall, VMPAX's operating fees are relatively low and competitive within its category.

Sales fees can eat into your investment returns, so it's essential to understand what they are and how they work. The fees charged by VMPAX can range from 0.25% to 4.75% of the fund's assets under management (AUM).

The front load fee is a significant 4% of the AUM, which may be a deterrent for some investors. In contrast, the deferred load fee is not applicable in this case, as it's listed as N/A.

Here's a breakdown of the fees:

It's worth noting that the front load fee is significantly higher than the deferred load fee, which would be 0.25% if it were applicable.

The Allspring Strategic Municipal Bond Fund has a history of steady performance, and one way to gauge this is by looking at its historical prices. The fund has been increasing its distributions for 3 consecutive years.

The dividend yield has fluctuated over the years, ranging from 1.34% in 2021 to 3.49% in 2024.

The dividend payout has also varied, with the highest annual payout being $0.31 in 2024.