# Allspring Ultra Short Municipal ETF (AUSM): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ausm for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Allspring · Asset class: Municipal Bond - Strategy: Leveraged · Inception: 2025-07-07 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 macroec... ## Key Facts | Metric | Value | |---|---| | Price | $24.94 | | Expense Ratio | 0.19% | | Assets Under Management | $32.9M | | NAV | $24.93 | | Holdings Count | 105 | | Distribution Yield (TTM) | 2.78% | | Annual Distribution (TTM) | $0.69 /share | | Distribution Frequency | Monthly | | 52-Week Range | $24.76 – $25.53 | | Beta | 0.02 | ## Latest Distribution - Amount: $0.0647 /share - Ex-date: 2026-10-23 - Pay date: 2026-10-27 ## Frequently Asked Questions ### 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 0.19%. 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 2.78%, 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. ### Does AUSM pay a dividend? Yes, Allspring Ultra Short Municipal ETF (AUSM) distributes dividends to shareholders. The trailing-twelve-month yield is 2.78%. Full dividend history is on this page. ### How often does AUSM pay dividends? Allspring Ultra Short Municipal ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is AUSM's next ex-dividend date? The most recently announced ex-dividend date for AUSM was 2026-10-23. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will AUSM's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.19% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does AUSM charge its expense ratio? The expense ratio is deducted in tiny daily slices from AUSM's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does AUSM cost more than a fund like VOO? AUSM is a leveraged fund (current expense ratio 0.19%). Daily-reset leverage products carry swap and financing costs that don't exist on a plain-vanilla equity ETF. The Cost Verdict card compares against the leveraged/inverse cohort where these costs are the norm. ### Are there cheaper alternatives to AUSM? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as AUSM (0.19%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ausm - Distribution history: https://www.dividenddata.com/funds/ausm/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ausm/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ausm/expenses - Peer comparison: https://www.dividenddata.com/funds/ausm/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.