Allspring Minnesota Tx-Fr Adm (NWMIX)
| Fund Assets | 177.46M |
| Expense Ratio | 0.60% |
| Min. Investment | $1,000,000 |
| Turnover | 19.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.17% |
| Dividend Growth | 1.18% |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 10.01 |
| YTD Return | 0.96% |
| 1-Year Return | 1.02% |
| 5-Year Return | 2.72% |
| 52-Week Low | 9.63 |
| 52-Week High | 10.19 |
| Beta (5Y) | n/a |
| Holdings | 10 |
| Inception Date | Aug 2, 1993 |
About NWMIX
Allspring Minnesota Tax-Free Fund - Class Admin is a municipal bond mutual fund focused on delivering tax-exempt income for Minnesota residents. The fund primarily invests in a diversified portfolio of Minnesota municipal securities whose interest is exempt from federal income tax and Minnesota individual income tax, positioning it as a state-specific solution for tax-sensitive investors. It employs an active strategy that blends bottom-up credit research with top-down macro analysis, seeking value through duration management, yield curve positioning, sector and credit quality allocation, and security selection. The portfolio sits within the municipal fixed income asset class and aims to capture relative value opportunities while managing risk against broad municipal benchmarks. Performance is evaluated versus the Bloomberg Municipal Bond Index and a Minnesota-focused peer group, reflecting its role in providing state tax-advantaged income within the broader U.S. municipal market. The fund is overseen by experienced managers and has been recognized within its Morningstar Muni Minnesota category, underscoring its established presence in the state-specific municipal landscape.
Performance
NWMIX had a total return of 1.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.77%.
Top 10 Holdings
16.81% of assets| Name | Symbol | Weight |
|---|---|---|
| ROCHESTER MINN HEALTH CARE FACS REV 5% | MN.ROCMED 5 11.15.2057 | 2.59% |
| MINNESOTA ST CTFS PARTN 5% | MN.MNSCTF 5 11.01.2042 | 1.79% |
| MINNESOTA ST HSG FIN AGY 4.85% | MN.MNSHSG 4.85 07.01.2037 | 1.74% |
| ROCHESTER MINN HEALTH CARE FACS REV 2.82% | MN.ROCMED 11.15.2047 | 1.68% |
| WADENA MINN REV 5% | MN.WCCGEN 5 12.01.2045 | 1.66% |
| ST CLOUD MINN HEALTH CARE REV 4% | MN.SUDMED 4 05.01.2050 | 1.60% |
| MINNESOTA ST DEPT IRON RANGE RES & REHABILITATION REV 5% | MN.MNSDEV 5 10.01.2039 | 1.54% |
| DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25% | MN.DULDEV 5.25 02.15.2053 | 1.41% |
| OAK PARK HEIGHTS MINN MULTI-FAMILY REV 2.86% | MN.OAKMFH 11.01.2035 | 1.40% |
| MINNESOTA ST HIGHER ED FACS AUTH REV 4% | MN.MNSHGR 4 10.01.2046 | 1.40% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02689 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02663 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02661 | Jun 30, 2025 |
| May 30, 2025 | $0.02573 | May 30, 2025 |
| Apr 30, 2025 | $0.02587 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02567 | Mar 31, 2025 |