Allspring Ultra Short-Term Municipal Income Fund - Class A (SMAVX)
| Fund Assets | 1.09B |
| Expense Ratio | 0.50% |
| Min. Investment | $1,000 |
| Turnover | 50.00% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 2.72% |
| Dividend Growth | 6.80% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.90 |
| YTD Return | 0.38% |
| 1-Year Return | 3.29% |
| 5-Year Return | 9.62% |
| 52-Week Low | 9.58 |
| 52-Week High | 9.90 |
| Beta (5Y) | n/a |
| Holdings | 10 |
| Inception Date | Oct 2, 2000 |
About SMAVX
Allspring Ultra Short-Term Municipal Income Fund Class A is an open-end municipal bond mutual fund focused on generating **current income exempt from federal income tax** while emphasizing **capital preservation**. The fund primarily invests in a diversified portfolio of **short-maturity municipal securities**, typically maintaining a dollar‑weighted average effective maturity of around one year or less under normal conditions. These holdings are issued by state and local governments and related agencies to finance public projects, and at least 80% of net assets are normally invested in securities whose interest is free from federal income tax, though a portion may be subject to the alternative minimum tax. Positioned within the **national short-term municipal** category, the fund seeks to offer tax‑advantaged income with low interest-rate sensitivity compared with longer-duration municipal bond strategies. Managed by Allspring Global Investments, it plays a role as a cash-management and liquidity tool within the fixed income spectrum for investors prioritizing tax-efficient income and limited price volatility.
Performance
SMAVX had a total return of 3.29% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.42%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.01785 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02241 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02236 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02243 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02267 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02287 | Aug 29, 2025 |