Allspring Strategic Municipal Bond Fund Admin Class

Frequently Asked Questions About VMPYX

What does VMPYX invest in?

This fund customarily commits a minimum of 80% of its net assets to municipal securities. While the interest generated by these investments is typically exempt from ordinary federal income tax, it may not be free from the federal alternative minimum tax (AMT). A portion of the fund, up to 35% of its total assets, can be held in municipal debt instruments classified as below investment grade. The primary objective is to acquire municipal obligations issued by U.S. states, territories, and possessions, whose interest also qualifies for exemption from regular federal income tax, though it is not guaranteed to be exempt from federal AMT.

What is the expense ratio of VMPYX?

Allspring Strategic Municipal Bond Fund Admin Class (VMPYX) charges an expense ratio of 0.68%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of VMPYX?

Effective duration measures VMPYX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. VMPYX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of VMPYX?

VMPYX'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 VMPYX?

Yield to maturity (YTM) is the total return you'd earn from VMPYX if every bond in the portfolio is held to maturity at the current price. VMPYX'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.

How big is VMPYX?

Allspring Strategic Municipal Bond Fund Admin Class (VMPYX) manages $1.90B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.