Allspring Ultra Short-Term Municipal Income Fund - Class A (SMAVX)

Fund Assets	1.12B
Expense Ratio	0.50%
Min. Investment	$1,000,000
Turnover	50.00%
Dividend (ttm)	0.25
Dividend Yield	2.64%
Dividend Growth	-6.11%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.66
YTD Return	1.27%
1-Year Return	2.34%
5-Year Return	10.39%
52-Week Low	9.65
52-Week High	9.71
Beta (5Y)	n/a
Holdings	418
Inception Date	n/a

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.

• Fund Family: Allspring Global Investments
• Category: Muni National Short
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: SMAVX
• Share Class: Class A

Performance

SMAVX had a total return of 2.34% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.06%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
WUSRX	Class R6	0.20%
SMAIX	Institutional Class	0.25%
WFUNX	Class A2	0.40%
WFUSX	Class C	1.25%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.01987	Jul 31, 2026
Jun 30, 2026	$0.02128	Jun 30, 2026
May 29, 2026	$0.02013	May 29, 2026
Apr 30, 2026	$0.02251	Apr 30, 2026
Mar 31, 2026	$0.02004	Mar 31, 2026
Feb 27, 2026	$0.02018	Feb 27, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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