Allspring Strategic Municipal Bond Fund
Name
As of 09/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.3%
1 yr return
6.4%
3 Yr Avg Return
0.8%
5 Yr Avg Return
1.5%
Net Assets
$1.88 B
Holdings in Top 10
9.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.42%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 11.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 09/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
VMPRX - Profile
Distributions
- YTD Total Return 3.3%
- 3 Yr Annualized Total Return 0.8%
- 5 Yr Annualized Total Return 1.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.85%
- Dividend Yield 2.9%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAllspring Strategic Municipal Bond Fund
-
Fund Family NameAllspring Funds
-
Inception DateJul 31, 2018
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Miller
Fund Description
■ | at least 80% of the Fund’s net assets in municipal securities whose interest is exempt from regular federal income tax, but not necessarily the federal alternative minimum tax (AMT); |
■ | up to 35% of the Fund’s total assets in below investment-grade municipal securities; and |
■ | up to 10% of the Fund’s total assets in inverse floaters. |
■ | any amount in securities whose interest is subject to federal AMT. |
VMPRX - Performance
Return Ranking - Trailing
Period | VMPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.3% | -1.9% | 20.8% | 28.53% |
1 Yr | 6.4% | 0.7% | 29.9% | 71.33% |
3 Yr | 0.8%* | -10.6% | 3.2% | 9.72% |
5 Yr | 1.5%* | -6.4% | 1105.7% | 15.68% |
10 Yr | N/A* | -0.7% | 248.9% | 56.44% |
* Annualized
Return Ranking - Calendar
Period | VMPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.0% | -1.4% | 41.0% | 75.28% |
2022 | -7.0% | -39.7% | 0.3% | 15.42% |
2021 | -0.4% | -5.6% | 6.9% | 47.57% |
2020 | 1.4% | -2.6% | 310.0% | 63.52% |
2019 | 2.5% | 0.0% | 26.0% | 85.05% |
Total Return Ranking - Trailing
Period | VMPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.3% | -1.9% | 20.8% | 28.53% |
1 Yr | 6.4% | 0.7% | 29.9% | 71.33% |
3 Yr | 0.8%* | -10.6% | 3.2% | 9.72% |
5 Yr | 1.5%* | -6.4% | 1105.7% | 15.68% |
10 Yr | N/A* | -0.7% | 248.9% | 52.42% |
* Annualized
Total Return Ranking - Calendar
Period | VMPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.7% | -1.3% | 41.0% | 72.90% |
2022 | -4.9% | -39.7% | 1.1% | 13.40% |
2021 | 1.4% | -4.8% | 23761504.0% | 53.17% |
2020 | 3.7% | -1.5% | 17057.9% | 53.24% |
2019 | 4.2% | 0.2% | 3514.6% | 86.39% |
NAV & Total Return History
VMPRX - Holdings
Concentration Analysis
VMPRX | Category Low | Category High | VMPRX % Rank | |
---|---|---|---|---|
Net Assets | 1.88 B | 3.22 M | 71.9 B | 18.07% |
Number of Holdings | 870 | 2 | 13203 | 12.52% |
Net Assets in Top 10 | 174 M | -317 M | 3.45 B | 23.99% |
Weighting of Top 10 | 9.45% | 1.4% | 100.1% | 83.97% |
Top 10 Holdings
- MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE 1.50%
- MET TRANSPRTN AUTH NY REVENUE 1.08%
- MISSOURI ST HLTH EDUCTNL FACS AUTH HLTH FACS REVENUE 1.03%
- CONNECTICUT ST SPL TAX OBLIG REVENUE 0.94%
- DALLAS TX WTRWKS SWR SYS REVENUE 0.91%
- CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE 0.86%
- KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE 0.81%
- KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE 0.80%
- WILL CNTY IL CMNTY HIGH SCH DIST #210 LINCOLN-WAY 0.76%
- BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE 0.75%
Asset Allocation
Weighting | Return Low | Return High | VMPRX % Rank | |
---|---|---|---|---|
Bonds | 99.67% | 0.00% | 150.86% | 28.00% |
Cash | 0.33% | -50.86% | 42.96% | 76.86% |
Stocks | 0.00% | 0.00% | 99.89% | 48.55% |
Preferred Stocks | 0.00% | 0.00% | 0.08% | 40.54% |
Other | 0.00% | -3.72% | 51.88% | 44.03% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 40.24% |
Bond Sector Breakdown
Weighting | Return Low | Return High | VMPRX % Rank | |
---|---|---|---|---|
Municipal | 97.84% | 44.39% | 100.00% | 58.04% |
Corporate | 0.26% | 0.00% | 9.41% | 7.61% |
Cash & Equivalents | 0.14% | 0.00% | 41.73% | 47.46% |
Derivative | 0.00% | -3.72% | 51.88% | 41.53% |
Securitized | 0.00% | 0.00% | 5.93% | 40.83% |
Government | 0.00% | 0.00% | 52.02% | 44.74% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | VMPRX % Rank | |
---|---|---|---|---|
US | 99.67% | 0.00% | 142.23% | 26.30% |
Non US | 0.00% | 0.00% | 23.89% | 45.09% |
VMPRX - Expenses
Operational Fees
VMPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.42% | 0.01% | 20.65% | 90.04% |
Management Fee | 0.37% | 0.00% | 1.20% | 31.82% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 4.23% |
Administrative Fee | 0.03% | 0.01% | 0.44% | 2.24% |
Sales Fees
VMPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
VMPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
VMPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 11.00% | 0.00% | 283.00% | 25.70% |
VMPRX - Distributions
Dividend Yield Analysis
VMPRX | Category Low | Category High | VMPRX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.94% | 0.00% | 14.51% | 59.62% |
Dividend Distribution Analysis
VMPRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
VMPRX | Category Low | Category High | VMPRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.85% | -0.53% | 5.33% | 55.44% |
Capital Gain Distribution Analysis
VMPRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Aug 30, 2024 | $0.022 | OrdinaryDividend |
Jul 31, 2024 | $0.021 | OrdinaryDividend |
Apr 30, 2024 | $0.021 | OrdinaryDividend |
Mar 28, 2024 | $0.020 | OrdinaryDividend |
Feb 29, 2024 | $0.020 | OrdinaryDividend |
Jan 31, 2024 | $0.020 | OrdinaryDividend |
Dec 29, 2023 | $0.020 | OrdinaryDividend |
Nov 30, 2023 | $0.020 | OrdinaryDividend |
Oct 31, 2023 | $0.019 | OrdinaryDividend |
Sep 29, 2023 | $0.020 | OrdinaryDividend |
Aug 31, 2023 | $0.019 | OrdinaryDividend |
Jul 31, 2023 | $0.019 | OrdinaryDividend |
Jun 30, 2023 | $0.019 | OrdinaryDividend |
May 31, 2023 | $0.018 | OrdinaryDividend |
Apr 28, 2023 | $0.018 | OrdinaryDividend |
Mar 31, 2023 | $0.018 | OrdinaryDividend |
Feb 28, 2023 | $0.018 | OrdinaryDividend |
Jan 31, 2023 | $0.017 | OrdinaryDividend |
Dec 29, 2022 | $0.017 | OrdinaryDividend |
Nov 29, 2022 | $0.017 | OrdinaryDividend |
Oct 28, 2022 | $0.017 | OrdinaryDividend |
Sep 29, 2022 | $0.016 | OrdinaryDividend |
Aug 30, 2022 | $0.016 | OrdinaryDividend |
Jul 28, 2022 | $0.015 | OrdinaryDividend |
Jun 29, 2022 | $0.015 | OrdinaryDividend |
May 30, 2022 | $0.015 | OrdinaryDividend |
Apr 28, 2022 | $0.015 | OrdinaryDividend |
Mar 30, 2022 | $0.013 | OrdinaryDividend |
Feb 25, 2022 | $0.014 | OrdinaryDividend |
Jan 28, 2022 | $0.012 | OrdinaryDividend |
Dec 31, 2021 | $0.012 | OrdinaryDividend |
Nov 30, 2021 | $0.013 | OrdinaryDividend |
Oct 31, 2021 | $0.013 | OrdinaryDividend |
Sep 30, 2021 | $0.013 | OrdinaryDividend |
Aug 31, 2021 | $0.012 | OrdinaryDividend |
Jul 31, 2021 | $0.013 | OrdinaryDividend |
Jun 30, 2021 | $0.013 | OrdinaryDividend |
May 31, 2021 | $0.013 | OrdinaryDividend |
Apr 30, 2021 | $0.013 | OrdinaryDividend |
Mar 31, 2021 | $0.014 | OrdinaryDividend |
Feb 28, 2021 | $0.014 | OrdinaryDividend |
Jan 31, 2021 | $0.015 | OrdinaryDividend |
Dec 31, 2020 | $0.014 | OrdinaryDividend |
Nov 30, 2020 | $0.014 | OrdinaryDividend |
Oct 30, 2020 | $0.014 | OrdinaryDividend |
Sep 30, 2020 | $0.015 | OrdinaryDividend |
Aug 31, 2020 | $0.016 | OrdinaryDividend |
Jul 31, 2020 | $0.016 | OrdinaryDividend |
Jun 30, 2020 | $0.016 | OrdinaryDividend |
May 29, 2020 | $0.016 | OrdinaryDividend |
Apr 30, 2020 | $0.017 | OrdinaryDividend |
Mar 31, 2020 | $0.017 | OrdinaryDividend |
Feb 28, 2020 | $0.016 | OrdinaryDividend |
Jan 31, 2020 | $0.016 | OrdinaryDividend |
Dec 31, 2019 | $0.016 | OrdinaryDividend |
Dec 10, 2019 | $0.007 | CapitalGainShortTerm |
Nov 29, 2019 | $0.000 | OrdinaryDividend |
Oct 31, 2019 | $0.000 | OrdinaryDividend |
Sep 30, 2019 | $0.000 | OrdinaryDividend |
Aug 30, 2019 | $0.000 | OrdinaryDividend |
Jul 31, 2019 | $0.000 | OrdinaryDividend |
Jun 28, 2019 | $0.018 | OrdinaryDividend |
VMPRX - Fund Manager Analysis
Managers
Robert Miller
Start Date
Tenure
Tenure Rank
Oct 01, 2010
11.67
11.7%
Robert Miller is a senior portfolio manager for the Municipal Fixed Income team at Allspring Global Investments, where he manages mutual funds and separate accounts. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to joining WFAM, Robert worked for American Century Investments, where he was part of a team managing the firm’s municipal bond portfolios. Robert had direct responsibility for the firm’s national intermediate- and long-term investment-grade strategies. In addition, he managed several other state-specific funds for the firm. Robert also served as a member of its analytical team. Earlier, Robert was a municipal bond analyst with Moody’s Investors Service, where he served as an analyst in the States and High Profile Ratings Group as well as the Airport Credit Group, the Southeast Regional Ratings Group, and the Mid-Atlantic Regional Ratings Group. He also founded a small venture capital firm and served as a consultant with Black and Veatch and KPMG Peat Marwick, where he specialized in conducting financial feasibility studies in support of large infrastructure projects. Robert earned a bachelor’s degree in business administration with an emphasis in finance from San Jose State University and a master’s degree in business administration from the Leonard N. Stern School of Business at New York University.
Terry Goode
Start Date
Tenure
Tenure Rank
Mar 28, 2019
3.18
3.2%
Terry Goode is a senior portfolio manager for the Municipal Fixed Income team at Allspring Global Investments. He is responsible for managing national and state-specific mutual funds, insurance accounts, and separate accounts. Terry joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Before this, he served as head of the WFAM Tax-Exempt Research team, leading the group responsible for providing credit research to the Municipal Fixed Income team. Prior to joining WFAM, Terry performed similar research duties and provided bond ratings as a director at Standard & Poor’s Credit Market Services. He held a similar position with Wells Fargo Bank’s health care division. Terry earned a bachelor’s degree in economics from the University of California, Los Angeles, and a master’s degree in business administration with an emphasis in finance and investment strategy from the Haas School of Business at the University of California, Berkeley. Terry is a member of the National Federation of Municipal Analysts and the Society of Municipal Analysts and served as former chair and member of the California Society of Municipal Analysts.
Nicholos Venditti
Start Date
Tenure
Tenure Rank
Sep 01, 2020
1.75
1.8%
Nicholos Venditti is a senior portfolio manager for the Municipal Fixed Income team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Before joining WFAM, he was with Thornburg Investment Management as a portfolio manager and head of the municipal bond group. Earlier positions there include serving as a portfolio manager on seven mutual funds and separately managed accounts with total assets of approximately $10 billion. Prior to Thornburg, Nicholos held a variety of roles focused on municipal credit analysis at Financial Security Assurance/Assured Guaranty, where he began his investment industry career in 2007. He earned a bachelor’s degree in theoretical economics from Trinity University; a master’s degree in applied economics from the University of North Carolina, Greensboro, where he also served as an adjunct professor; and a master’s degree in finance from Syracuse University. He has earned the right to use the Chartered Financial Analyst® (CFA) designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.35 | 1.58 |