About EKHRX
Allspring High Yield Municipal Bond Fund - Class R6 is an actively managed mutual fund specializing in the municipal fixed income sector. Its primary objective is to deliver high current income that is exempt from federal income tax, while also seeking capital appreciation. The fund accomplishes this by investing predominantly in a diversified portfolio of municipal securities, with at least half of its holdings typically rated BBB or lower, aligning it with the high yield muni category. Utilizing both bottom-up credit research and top-down macroeconomic analysis, the portfolio managers actively manage duration, yield-curve positioning, sector allocation, credit quality, and security selection to capitalize on market inefficiencies and trends. The fund distributes income monthly and maintains a competitive expense ratio. With a broad base of over 200 holdings, it targets investors seeking tax-advantaged income, particularly those comfortable with moderate credit and interest rate risk. Since its 2018 launch, the fund has played a notable role in providing diversified access to the higher-yielding segment of the municipal bond market, meeting the needs of income-focused investors within the municipal bond landscape.
Fund Family Allspring Global Investments
Category High Yield Muni
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol EKHRX
Share Class Class R6
Index Index is not available on Lipper Database
EKHRX had a total return of 3.96% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.48%.
