Allspring Minnesota Tax-Free Instl (WMTIX)
| Fund Assets | 176.24M |
| Expense Ratio | 0.52% |
| Min. Investment | $1,000,000 |
| Turnover | 19.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.25% |
| Dividend Growth | 0.93% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.96 |
| YTD Return | 0.02% |
| 1-Year Return | -0.16% |
| 5-Year Return | 1.59% |
| 52-Week Low | 9.63 |
| 52-Week High | 10.20 |
| Beta (5Y) | n/a |
| Holdings | 214 |
| Inception Date | Nov 1, 2016 |
About WMTIX
Allspring Minnesota Tax-Free Fund Institutional Class is a municipal bond mutual fund focused on providing federally and Minnesota state tax‑exempt income to investors. It invests primarily in a diversified portfolio of Minnesota municipal securities, using a combination of bottom‑up credit research and top‑down macro analysis to manage duration, yield-curve positioning, sector exposure, and credit quality. The strategy seeks to capitalize on relative‑value opportunities within the state and broader municipal markets, aiming to enhance total return while preserving tax efficiency. Managed by Allspring Global Investments’ municipal fixed income team, the fund emphasizes rigorous credit evaluation and active risk management, reflected in metrics such as high correlation to the broad municipal market and measured tracking error over multi‑year horizons. The fund is positioned within the Minnesota municipal debt category and is benchmarked against major municipal bond indices, providing context for performance and volatility. By concentrating on in‑state issuers, it supports essential public finance activities across infrastructure, education, and healthcare within Minnesota, while offering a dedicated vehicle for tax‑advantaged municipal income exposure.
Performance
WMTIX had a total return of -0.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.77%.
Top 10 Holdings
16.61% of assets| Name | Symbol | Weight |
|---|---|---|
| ROCHESTER MINN HEALTH CARE FACS REV 5% | MN.ROCMED 5 11.15.2057 | 2.68% |
| MINNESOTA ST CTFS PARTN 5% | MN.MNSCTF 5 11.01.2042 | 1.85% |
| MINNESOTA ST HSG FIN AGY 4.85% | MN.MNSHSG 4.85 07.01.2037 | 1.80% |
| WADENA MINN REV 5% | MN.WCCGEN 5 12.01.2045 | 1.71% |
| ST CLOUD MINN HEALTH CARE REV 4% | MN.SUDMED 4 05.01.2050 | 1.60% |
| MINNESOTA ST DEPT IRON RANGE RES & REHABILITATION REV 5% | MN.MNSDEV 5 10.01.2039 | 1.59% |
| DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25% | MN.DULDEV 5.25 02.15.2053 | 1.47% |
| MINNESOTA ST HIGHER ED FACS AUTH REV 4% | MN.MNSHGR 4 10.01.2046 | 1.39% |
| MINNESOTA ST 5% | MN.MNS 5 08.01.2034 | 1.32% |
| MINNEAPOLIS MINN HEALTH CARE SYS REV 5% | MN.MINMED 5 11.15.2033 | 1.19% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02757 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02729 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02726 | Jun 30, 2025 |
| May 30, 2025 | $0.0264 | May 30, 2025 |
| Apr 30, 2025 | $0.02658 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02609 | Mar 31, 2025 |