VMPAX

About VMPAX

Allspring Strategic Municipal Bond Fund Class A is an open-end municipal fixed income mutual fund focused on generating current income that is exempt from regular federal income tax. The fund primarily invests in a diversified portfolio of municipal securities from U.S. states, territories, and possessions, maintaining at least 80% of net assets in tax-exempt issues and allowing up to 35% in below investment-grade bonds to broaden income sources and credit opportunities. Its strategy combines bottom-up credit research with top-down macro analysis to manage duration, yield-curve positioning, sector and credit-quality allocation, and security selection within the short-intermediate municipal segment. The portfolio typically holds hundreds of issues, reflecting a diversified approach, and distributes income monthly. With a long track record dating to the mid-1980s and an expense ratio characteristic of actively managed municipal funds, it serves investors seeking federally tax-advantaged income and measured interest-rate exposure relative to longer-duration municipal strategies.