About WUSRX
Allspring Ultra Short-Term Municipal Income Fund - Class R6 is a mutual fund that primarily invests in short-term municipal securities issued by states, territories, and possessions of the United States, aiming to provide income that is exempt from federal income tax. The fund focuses on ultra-short duration holdings, typically featuring low durations and average maturities under five years, which helps maintain stability in principal value while seeking current income. Its portfolio includes a diversified mix of municipal bonds such as revenue obligations from counties, industrial development authorities, higher education facilities, water and sewer systems, and health facilities authorities, with top holdings often comprising variable rate securities and fixed-rate municipal debt. Designed for investors seeking tax-efficient, low-volatility fixed income exposure, the fund plays a role in conservative portfolios by offering liquidity and preservation of capital alongside federally tax-exempt yields. Managed within Allspring Global Investments' fixed income offerings, this R6 share class targets institutional and advisor channels with its structure.
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 3.02% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.90%.
