- What does AUSM invest in?
- AUSM is actively managed and seeks current income and capital preservation by investing in municipal securities exempt from federal income tax, though not necessarily federal AMT. It primarily holds investment grade securities but may allocate up to 10% of the portfolio to junk bonds. The fund focuses on ultra-short term muni bonds, expecting a dollar-weighted average portfolio maturity of one year or less. The strategy incorporates macroeconomic analysis and credit research to optimize duration management, yield curve positioning, sector and credit allocation, as well as security selection. Futures may also be utilized to support duration and yield curve management. In maintaining the portfolio, securities may be sold based on relative value, changes in credit characteristics, shifts in portfolio strategy, or cash flow needs.
- What is the expense ratio of AUSM?
- Allspring Ultra Short Municipal ETF (AUSM) charges an expense ratio of 0.18%. This is the annual fee deducted from fund assets to cover management and operations.
- What is AUSM's dividend yield?
- AUSM's trailing-twelve-month yield is 2.61%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of AUSM?
- Effective duration measures AUSM's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. AUSM's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of AUSM?
- AUSM's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of AUSM?
- Yield to maturity (YTM) is the total return you'd earn from AUSM if every bond in the portfolio is held to maturity at the current price. AUSM's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
