Allspring High Yield Municipal Bond Fund
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.7%
1 yr return
15.1%
3 Yr Avg Return
0.1%
5 Yr Avg Return
1.2%
Net Assets
$139 M
Holdings in Top 10
13.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.07%
SALES FEES
Front Load 4.50%
Deferred Load N/A
TRADING FEES
Turnover 55.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
WHYMX - Profile
Distributions
- YTD Total Return 6.7%
- 3 Yr Annualized Total Return 0.1%
- 5 Yr Annualized Total Return 1.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.74%
- Dividend Yield 4.4%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAllspring High Yield Municipal Bond Fund
-
Fund Family NameAllspring Funds
-
Inception DateJan 31, 2013
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTerry Goode
Fund Description
■ | at least 80% of the Fund’s net assets in municipal securities whose interest is exempt from federal income tax, but not necessarily federal alternative minimum tax (“AMT”); |
■ | up to 20% of the Fund’s total assets in securities whose interest is subject to federal AMT; |
■ | at least 50% of the Fund’s total assets in municipal securities rated BBB and below or comparable unrated municipal securities; and |
■ | up to 20% of the Fund’s total assets in inverse floaters. |
WHYMX - Performance
Return Ranking - Trailing
Period | WHYMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.7% | -0.3% | 12.5% | 58.74% |
1 Yr | 15.1% | 2.9% | 22.4% | 75.73% |
3 Yr | 0.1%* | -8.1% | 3.2% | 39.30% |
5 Yr | 1.2%* | -4.8% | 528.6% | 65.31% |
10 Yr | 3.2%* | -0.1% | 156.1% | 46.51% |
* Annualized
Return Ranking - Calendar
Period | WHYMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.8% | -6.2% | 7.5% | 69.90% |
2022 | -15.4% | -26.9% | -3.5% | 24.63% |
2021 | 1.1% | -1.9% | 5.6% | 76.00% |
2020 | -2.2% | -10.1% | 4.2% | 93.43% |
2019 | 5.1% | -0.7% | 9.1% | 52.60% |
Total Return Ranking - Trailing
Period | WHYMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.7% | -0.3% | 12.5% | 58.74% |
1 Yr | 15.1% | 2.9% | 22.4% | 75.73% |
3 Yr | 0.1%* | -8.1% | 3.2% | 39.30% |
5 Yr | 1.2%* | -4.8% | 528.6% | 65.31% |
10 Yr | 3.2%* | -0.1% | 156.1% | 46.51% |
* Annualized
Total Return Ranking - Calendar
Period | WHYMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.3% | -4.1% | 10.9% | 61.17% |
2022 | -11.7% | -26.9% | 4.3% | 23.15% |
2021 | 5.5% | -1.9% | 10.0% | 49.00% |
2020 | 1.1% | -4.1% | 8.2% | 83.33% |
2019 | 9.6% | -0.7% | 1028633.9% | 26.56% |
NAV & Total Return History
WHYMX - Holdings
Concentration Analysis
WHYMX | Category Low | Category High | WHYMX % Rank | |
---|---|---|---|---|
Net Assets | 139 M | 9.79 K | 16.6 B | 88.73% |
Number of Holdings | 179 | 1 | 3325 | 81.77% |
Net Assets in Top 10 | 22.7 M | -102 M | 3.51 B | 91.63% |
Weighting of Top 10 | 13.93% | 4.6% | 98.8% | 45.05% |
Top 10 Holdings
- TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES 1.84%
- W JEFFERSON AL INDL DEV BRD SOL WST DISP REVENUE 1.84%
- TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE 1.41%
- BUILD NYC RESOURCE CORP NY REVENUE 1.38%
- INDIANA FIN AUTH EDUCTNL FACS REVENUE 1.28%
- HEMPSTEAD TOWN NY LOCAL DEV CORP EDU REVENUE 1.25%
- VIRGINIA SMALL BUSINESS FING AUTH PRIV ACTIVITY REVENUE SR 1.24%
- OHIO ST PRIVATE ACTIVITY REVENUE 1.23%
- TENDER OPTION BOND TRUST RECEIPTS / CTFS 1.23%
- LOS ANGELES CA DEPT OF WTR PWR WTRWKS REVENUE 1.23%
Asset Allocation
Weighting | Return Low | Return High | WHYMX % Rank | |
---|---|---|---|---|
Bonds | 99.95% | 0.00% | 146.69% | 25.73% |
Cash | 0.58% | -0.64% | 100.00% | 56.16% |
Stocks | 0.00% | 0.00% | 99.62% | 87.86% |
Preferred Stocks | 0.00% | -47.61% | 1.60% | 86.21% |
Other | 0.00% | -5.59% | 5.07% | 76.35% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 85.71% |
Bond Sector Breakdown
Weighting | Return Low | Return High | WHYMX % Rank | |
---|---|---|---|---|
Municipal | 92.90% | 0.00% | 100.00% | 87.68% |
Cash & Equivalents | 0.58% | 0.00% | 100.00% | 32.02% |
Derivative | 0.00% | -7.53% | 2.16% | 73.89% |
Securitized | 0.00% | 0.00% | 22.44% | 85.71% |
Corporate | 0.00% | 0.00% | 2.83% | 91.13% |
Government | 0.00% | 0.00% | 0.09% | 85.71% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | WHYMX % Rank | |
---|---|---|---|---|
US | 99.95% | 0.00% | 139.84% | 23.65% |
Non US | 0.00% | 0.00% | 13.35% | 88.18% |
WHYMX - Expenses
Operational Fees
WHYMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.07% | 0.22% | 3.44% | 43.90% |
Management Fee | 0.50% | 0.00% | 1.41% | 58.74% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 18.18% |
Administrative Fee | 0.16% | 0.02% | 0.35% | 86.67% |
Sales Fees
WHYMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 4.50% | 1.00% | 4.50% | 18.60% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
WHYMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
WHYMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 55.00% | 2.00% | 121.00% | 85.19% |
WHYMX - Distributions
Dividend Yield Analysis
WHYMX | Category Low | Category High | WHYMX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.40% | 0.00% | 6.13% | 20.39% |
Dividend Distribution Analysis
WHYMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
WHYMX | Category Low | Category High | WHYMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.74% | 1.11% | 5.70% | 20.87% |
Capital Gain Distribution Analysis
WHYMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Aug 30, 2024 | $0.036 | OrdinaryDividend |
Jul 31, 2024 | $0.032 | OrdinaryDividend |
Apr 30, 2024 | $0.037 | OrdinaryDividend |
Mar 28, 2024 | $0.037 | OrdinaryDividend |
Feb 28, 2024 | $0.037 | OrdinaryDividend |
Jan 31, 2024 | $0.037 | OrdinaryDividend |
Dec 29, 2023 | $0.036 | OrdinaryDividend |
Nov 30, 2023 | $0.035 | OrdinaryDividend |
Oct 31, 2023 | $0.034 | OrdinaryDividend |
Sep 29, 2023 | $0.034 | OrdinaryDividend |
Aug 31, 2023 | $0.033 | OrdinaryDividend |
Jul 31, 2023 | $0.033 | OrdinaryDividend |
Jun 30, 2023 | $0.033 | OrdinaryDividend |
May 31, 2023 | $0.033 | OrdinaryDividend |
Apr 28, 2023 | $0.032 | OrdinaryDividend |
Mar 31, 2023 | $0.032 | OrdinaryDividend |
Feb 28, 2023 | $0.034 | OrdinaryDividend |
Jan 31, 2023 | $0.032 | OrdinaryDividend |
Dec 29, 2022 | $0.033 | OrdinaryDividend |
Nov 29, 2022 | $0.033 | OrdinaryDividend |
Oct 28, 2022 | $0.032 | OrdinaryDividend |
Sep 29, 2022 | $0.032 | OrdinaryDividend |
Aug 30, 2022 | $0.033 | OrdinaryDividend |
Jul 28, 2022 | $0.031 | OrdinaryDividend |
Jun 29, 2022 | $0.029 | OrdinaryDividend |
May 30, 2022 | $0.031 | OrdinaryDividend |
Apr 28, 2022 | $0.033 | OrdinaryDividend |
Mar 30, 2022 | $0.034 | OrdinaryDividend |
Feb 25, 2022 | $0.032 | OrdinaryDividend |
Jan 28, 2022 | $0.032 | OrdinaryDividend |
Dec 31, 2021 | $0.032 | OrdinaryDividend |
Dec 09, 2021 | $0.039 | CapitalGainShortTerm |
Dec 09, 2021 | $0.001 | CapitalGainLongTerm |
Nov 30, 2021 | $0.031 | OrdinaryDividend |
Oct 31, 2021 | $0.032 | OrdinaryDividend |
Sep 30, 2021 | $0.033 | OrdinaryDividend |
Aug 31, 2021 | $0.033 | OrdinaryDividend |
Jul 31, 2021 | $0.033 | OrdinaryDividend |
Jun 30, 2021 | $0.035 | OrdinaryDividend |
May 31, 2021 | $0.032 | OrdinaryDividend |
Apr 30, 2021 | $0.031 | OrdinaryDividend |
Mar 31, 2021 | $0.032 | OrdinaryDividend |
Feb 28, 2021 | $0.032 | OrdinaryDividend |
Jan 31, 2021 | $0.033 | OrdinaryDividend |
Dec 31, 2020 | $0.036 | OrdinaryDividend |
Nov 30, 2020 | $0.035 | OrdinaryDividend |
Oct 30, 2020 | $0.035 | OrdinaryDividend |
Sep 30, 2020 | $0.036 | OrdinaryDividend |
Aug 31, 2020 | $0.035 | OrdinaryDividend |
Jul 31, 2020 | $0.035 | OrdinaryDividend |
Jun 30, 2020 | $0.038 | OrdinaryDividend |
Feb 28, 2020 | $0.037 | OrdinaryDividend |
Jan 31, 2020 | $0.036 | OrdinaryDividend |
Dec 31, 2019 | $0.035 | OrdinaryDividend |
Nov 29, 2019 | $0.038 | OrdinaryDividend |
Oct 31, 2019 | $0.036 | OrdinaryDividend |
Sep 30, 2019 | $0.034 | OrdinaryDividend |
Aug 30, 2019 | $0.039 | OrdinaryDividend |
Jul 31, 2019 | $0.036 | OrdinaryDividend |
Jun 28, 2019 | $0.036 | OrdinaryDividend |
Dec 09, 2016 | $0.032 | CapitalGainShortTerm |
Dec 09, 2016 | $0.044 | CapitalGainLongTerm |
Dec 11, 2015 | $0.035 | CapitalGainShortTerm |
Dec 11, 2014 | $0.084 | CapitalGainShortTerm |
Dec 11, 2014 | $0.002 | CapitalGainLongTerm |
Dec 09, 2013 | $0.020 | CapitalGainShortTerm |
WHYMX - Fund Manager Analysis
Managers
Terry Goode
Start Date
Tenure
Tenure Rank
Jan 31, 2013
9.33
9.3%
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.
Dennis Derby
Start Date
Tenure
Tenure Rank
Jan 31, 2013
9.33
9.3%
Mr. Derby joined Wells Capital Management or one of its predecessor firms in 1995, where he currently serves as a Senior Research Analyst and Portfolio Manager with the Tax- Exempt Fixed-Income team.
Kerry Laurin
Start Date
Tenure
Tenure Rank
Sep 01, 2020
1.75
1.8%
Ms. Laurin joined Wells Capital Management or one of its predecessor firms in 2016, where she currently serves as a Senior Analyst. Prior to joining WFAM, she was as a research analyst for Heartland Advisors where she covered taxable fixed income, consumer, and utility equity sectors.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 21.43 | 7.51 | 2.52 |