About WUSRX
Allspring Ultra Short-Term Municipal Income Fund - Class R6 is a **tax-exempt municipal bond mutual fund** designed to provide current income that is typically exempt from federal income tax. The fund primarily invests in a diversified portfolio of **short-maturity municipal securities**, maintaining an average maturity of about one year or less, which positions it at the very short end of the municipal yield curve. By focusing on high-quality state and local government obligations and related agencies, it seeks to offer a conservative income-oriented exposure within the municipal market.
The strategy emphasizes **active management of duration, yield-curve positioning, sector allocation, and credit quality**, aiming to balance income generation with limited interest-rate sensitivity. Class R6 shares are structured for institutional platforms, featuring a low net expense ratio supported by contractual fee waivers, which enhances cost efficiency for large-scale investors. Within the broader fixed income landscape, the fund serves as a **cash-management and liquidity tool** for investors seeking short-term, tax-advantaged income with reduced volatility compared with longer-duration municipal bond funds.
Fund Family Allspring Global Investments
Category Muni National Short
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol WUSRX
Share Class Class R6
Index Index is not available on Lipper Database
WUSRX had a total return of 3.63% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.84%.
