About WHYCX
Allspring High Yield Municipal Bond Fund – Class C is a mutual fund that seeks to provide investors with high current income exempt from federal income tax, along with the potential for capital appreciation. The fund primarily invests in a diversified portfolio of municipal bonds, with a significant portion—typically 50% or more—allocated to securities rated BBB or below, often classified as high-yield or "junk" bonds within the municipal market. Emphasizing both bottom-up credit research and top-down macroeconomic analysis, the fund actively manages duration, yield-curve positioning, sector allocation, and security selection to identify relative value opportunities. With over 200 holdings spanning various issuers across the United States, the fund offers exposure to projects like infrastructure, healthcare, and education. Managed by Allspring Funds Management, LLC, it is designed for income-focused investors seeking municipal bond exposure beyond investment-grade offerings. The fund distributes income monthly and features a moderate expense ratio, making it notable in the high-yield municipal bond segment for its credit diversity and tax-advantaged income potential.
Fund Family Allspring Global Investments
Category High Yield Muni
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol WHYCX
Share Class Class C
Index Index is not available on Lipper Database
WHYCX had a total return of -1.43% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.33%.
