Allspring Strategic Municipal Bond Fund - Class C is an open-end mutual fund focused on U.S. municipal fixed income. The fund seeks federally tax‑exempt income by investing primarily in a diversified portfolio of municipal securities across states and sectors, emphasizing short to intermediate interest-rate exposure consistent with its category profile. Management combines bottom‑up credit research with top‑down macro analysis to adjust duration, yield‑curve positioning, sector and credit‑quality allocation, and individual security selection, aiming to add value versus municipal benchmarks. The portfolio spans hundreds of holdings, reflecting broad diversification and active relative‑value positioning within the municipal market. The strategy targets risk control through a shorter effective duration while pursuing incremental income from credits across the investment‑grade spectrum. The fund distributes income monthly and has a long operating history with dedicated municipal specialists overseeing research and portfolio construction. Its role in the market is to provide access to tax‑advantaged income and municipal market diversification in a professionally managed, actively run vehicle suitable for investors seeking core short‑to‑intermediate municipal bond exposure without concentrating in a single state.
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