Allspring Minnesota Tax-Free Fund - Class Admin is a municipal bond mutual fund focused on delivering tax-exempt income for Minnesota residents. The fund primarily invests in a diversified portfolio of Minnesota municipal securities whose interest is exempt from federal income tax and Minnesota individual income tax, positioning it as a state-specific solution for tax-sensitive investors. It employs an active strategy that blends bottom-up credit research with top-down macro analysis, seeking value through duration management, yield curve positioning, sector and credit quality allocation, and security selection. The portfolio sits within the municipal fixed income asset class and aims to capture relative value opportunities while managing risk against broad municipal benchmarks. Performance is evaluated versus the Bloomberg Municipal Bond Index and a Minnesota-focused peer group, reflecting its role in providing state tax-advantaged income within the broader U.S. municipal market. The fund is overseen by experienced managers and has been recognized within its Morningstar Muni Minnesota category, underscoring its established presence in the state-specific municipal landscape.
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