# Allspring Strategic Municipal Bond Fund Admin Class (VMPYX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vmpyx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Allspring · Asset class: Bond - Strategy: Actively Managed · Inception: 1997-10-06 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 n... ## Key Facts | Metric | Value | |---|---| | Price | $8.89 | | Expense Ratio | 0.68% | | Assets Under Management | $1.90B | | NAV | $8.89 | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $8.58 – $8.90 | | Beta | 0.55 | ## Latest Distribution - Amount: $0.0199 /share - Ex-date: 2025-08-29 - Pay date: 2025-09-02 ## Frequently Asked Questions ### 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. ### Does VMPYX pay a dividend? Allspring Strategic Municipal Bond Fund Admin Class (VMPYX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does VMPYX pay dividends? Allspring Strategic Municipal Bond Fund Admin Class pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is VMPYX's dividend yield? VMPYX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is VMPYX's next ex-dividend date? The most recently announced ex-dividend date for VMPYX was 2025-08-29. 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 VMPYX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.68% 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 VMPYX charge its expense ratio? The expense ratio is deducted in tiny daily slices from VMPYX'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 VMPYX cost more than a fund like VOO? VMPYX is actively managed (current expense ratio 0.68%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether VMPYX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to VMPYX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as VMPYX (0.68%) 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/vmpyx - Distribution history: https://www.dividenddata.com/funds/vmpyx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vmpyx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vmpyx/expenses - Peer comparison: https://www.dividenddata.com/funds/vmpyx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.