Allspring Ultra Short-Term Municipal Income Fund - Class A (SMAVX)
| Fund Assets | 1.05B |
| Expense Ratio | 0.50% |
| Min. Investment | $1,000 |
| Turnover | 50.00% |
| Dividend (ttm) | 0.24 |
| Dividend Yield | 2.47% |
| Dividend Growth | 1.99% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 9.67 |
| YTD Return | 0.29% |
| 1-Year Return | 2.76% |
| 5-Year Return | 9.43% |
| 52-Week Low | 9.60 |
| 52-Week High | 9.71 |
| Beta (5Y) | n/a |
| Holdings | 385 |
| Inception Date | Oct 2, 2000 |
About SMAVX
Allspring Ultra Short-Term Municipal Income Fund Class A is a municipal bond mutual fund that seeks to provide tax-free income while preserving capital by investing in a diversified portfolio of municipal securities with an average maturity of one year or less. The fund actively manages four key performance elements: duration, yield-curve positioning, sector and credit-quality allocation, and security selection. Its portfolio primarily comprises revenue bonds from various municipal issuers, including healthcare facilities, housing authorities, and industrial development projects across multiple states. The fund employs a relative-value approach based on extensive credit analysis to identify attractive investment opportunities in the tax-exempt municipal bond market. With an emphasis on short-term municipal bonds rated from AAA to BBB, the fund caters to investors seeking federally tax-exempt income with minimal interest rate risk. Managed by experienced portfolio managers, the fund operates with low expense ratios and is available across multiple share classes to accommodate different investor types and investment amounts.
Performance
SMAVX had a total return of 2.76% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.04%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.02004 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02018 | Feb 27, 2026 |
| 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 |