- What does AUSM invest in?
- This actively managed ETF aims to provide current income and preserve capital primarily through investments in municipal debt, which is generally exempt from federal income tax (though not necessarily federal alternative minimum tax). While the fund predominantly holds high-quality, investment-grade instruments, it has the flexibility to allocate up to 10% of its assets to lower-rated, speculative-grade (junk) bonds. Its core focus is on very short-term municipal bonds, targeting a dollar-weighted average portfolio maturity of no more than one year. The investment process integrates macroeconomic analysis and rigorous credit research to optimize duration, position the portfolio effectively across the yield curve, strategically allocate assets across sectors and credit tiers, and select individual securities. Futures contracts may also be utilized to aid in duration and yield curve management. Holdings may be sold due to shifts in relative value, alterations in credit quality, changes in the fund's strategic direction, or to address liquidity 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 2.76%, 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.
