VMPYX

About VMPYX

Allspring Strategic Municipal Bond Fund – Administrator Shares is an actively managed open-end mutual fund focused on generating tax-exempt income from a diversified portfolio of U.S. municipal securities. The strategy blends bottom‑up credit research with top‑down macro analysis to manage key drivers of total return—**duration**, **yield‑curve positioning**, **sector and credit‑quality allocation**, and **security selection**. The portfolio primarily holds short‑ to intermediate‑maturity municipal bonds, targeting the Muni National Short category, with the flexibility to invest across states, territories, and revenue sectors such as utilities, transportation, and special tax obligations. The fund may allocate a portion to below‑investment‑grade municipal bonds to enhance income, within stated risk parameters. It distributes income monthly and emphasizes relative‑value opportunities arising from market dislocations and pricing inefficiencies. Managed by Allspring’s municipal team, the fund seeks to provide federally tax‑exempt income while maintaining disciplined risk controls and broad diversification across hundreds of holdings and issuers.