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.
Fund Family Allspring Global Investments
Category Muni Minnesota
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol WMTIX
Share Class Institutional Class
Index Bloomberg Municipal Bond TR
WMTIX had a total return of -1.86% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.66%.
