About STRIX
Allspring Strategic Municipal Bond Fund – Institutional Class is an open-end municipal bond mutual fund focused on delivering federally tax-exempt income through a diversified portfolio of short- to intermediate-maturity municipal securities. The strategy combines bottom‑up credit research with top‑down macro analysis to manage the four key drivers of total return: duration, yield‑curve positioning, sector and credit‑quality allocation, and security selection. The portfolio maintains a short-intermediate interest rate profile, with an effective duration generally around three to four years and a broad allocation across hundreds of issuers, reflecting its diversified approach to municipal markets. The fund is managed by Allspring Funds Management with Allspring Global Investments as sub-adviser, distributing income monthly. Classified in the Muni National Short category, it primarily invests in bonds issued by state and local governments to finance public projects, with income typically exempt from federal taxes; category peers target durations under four years to balance income and interest rate sensitivity. The Institutional Class emphasizes scale and research depth to pursue consistent, tax‑advantaged income within the municipal bond segment.
Fund Family Allspring Global Investments
Category Muni National Short
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol STRIX
Share Class Institutional Class
Index Bloomberg Municipal Short-Inter 1-10Y TR
STRIX had a total return of 3.87% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.75%.
