- What does VMPAX invest in?
- The fund normally invests at least 80% of the fund's net assets in municipal securities whose interest is exempt from regular federal income tax, but not necessarily the federal alternative minimum tax (AMT). It invests up to 35% of the fund's total assets in below investment-grade municipal securities. The fund invests principally in municipal securities of states, territories and possessions of the United States whose interest is exempt from regular federal income tax, but not necessarily federal AMT.
- What is the expense ratio of VMPAX?
- Allspring Strategic Municipal Bd A (VMPAX) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.
- What is VMPAX's dividend yield?
- VMPAX'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 VMPAX?
- Effective duration measures VMPAX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. VMPAX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of VMPAX?
- VMPAX'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 VMPAX?
- Yield to maturity (YTM) is the total return you'd earn from VMPAX if every bond in the portfolio is held to maturity at the current price. VMPAX'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.
