Allspring Intermediate Tax/AMT-Free Fund – Class Admin is an open-end municipal bond fund focused on delivering federally tax-exempt income by investing primarily in intermediate-maturity municipal securities whose interest is exempt from federal income tax, including the federal alternative minimum tax. Under normal conditions, the portfolio allocates at least 80% of net assets to municipal debt, targeting the intermediate segment to balance income generation with interest rate sensitivity. The fund is broadly diversified across hundreds of holdings and seeks to track risk characteristics of the intermediate muni market while employing research-driven security selection. It pays distributions monthly and is designed for investors prioritizing tax-efficient income within a fixed income allocation. Minimum initial investment requirements for the class are set at the institutional level, and the share class carries an expense ratio typical of actively managed municipal strategies. Performance is commonly evaluated against intermediate municipal benchmarks and peer groups, reflecting its role as a core tax-exempt bond holding for investors seeking stable income and moderate duration exposure within the municipal bond market.
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