- What does AHYM invest in?
- The ETF Class of the Allspring High Yield Municipal Bond Fund is an actively managed, exchange-listed share class of an existing municipal bond mutual fund, a series of Allspring Funds Trust. ETF Class shares are listed on Nasdaq and are not individually redeemable. The Fund also offers mutual fund share classes in a separate prospectus. Its fund-level objective is high current income exempt from federal income tax, plus capital appreciation. Its principal strategy, per the fund's November 2024 summary prospectus, is to invest at least 50% of total assets in municipal securities rated BBB and below or comparable unrated securities, commonly called high yield or junk bonds, with duration and yield-curve management. Allspring Funds Management, LLC is the adviser and Allspring Global Investments, LLC is the sub-adviser.
- What is the expense ratio of AHYM?
- Allspring High Yield Municipal Bond Fund - ETF Class (AHYM) charges an expense ratio of 0.00%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is AHYM?
- Allspring High Yield Municipal Bond Fund - ETF Class (AHYM) manages $159.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.
- Is AHYM actively managed or an index fund?
- AHYM is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (AHYM's is 0.00%) in exchange for the discretion to over- or under-weight positions.
- When was AHYM launched?
- Allspring High Yield Municipal Bond Fund - ETF Class (AHYM) launched in January 2013 and is managed by Allspring.
- How has AHYM performed?
- AHYM's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
