About WFTAX
The Allspring Intermediate Tax/AMT-Free Fund A is a municipal bond mutual fund focused on generating current income exempt from federal income tax, including the federal alternative minimum tax. The fund primarily invests in a diversified portfolio of municipal securities issued by U.S. states, territories, and possessions, with average maturities ranging between three and ten years. It employs a dual investment approach using both detailed bottom-up credit research and broad top-down macroeconomic analysis. The fund dynamically manages key components of total return—duration, yield-curve positioning, sector and credit-quality allocation, and security selection—to take advantage of relative value opportunities in the municipal bond market. Up to 15% of its assets can be allocated to below-investment-grade municipal securities, and up to 10% to inverse floaters, providing flexibility within a conservative framework. Its principal role in the financial market is to offer investors an option for federally tax-exempt income, appealing especially to individuals seeking to manage tax liabilities while maintaining exposure to high-quality municipal debt instruments.
Fund Family Allspring Global Investments
Category Muni National Interm
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol WFTAX
Share Class Class A
Index Bloomberg 1-15 Y Municipal Blend TR
WFTAX had a total return of -1.83% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.61%.
