WHYDX

About WHYDX

Allspring High Yield Municipal Bond Fund - Administrator Class is a mutual fund focused on providing high current income that is exempt from federal income tax, with a secondary objective of capital appreciation. The fund primarily invests in a diversified portfolio of municipal securities, with a substantial allocation—often 50% or more—in bonds rated BBB or lower, which are considered high-yield or below investment grade. This positioning exposes the fund to higher credit risk, aiming to compensate with enhanced yields, making it particularly relevant for investors seeking stronger income opportunities within the municipal bond market. The fund employs both bottom-up credit research and top-down macroeconomic analysis, actively managing its exposure across duration, yield curve, sector allocation, and security selection. Its holdings span a diverse range of issuers and geographies, including revenue bonds from public infrastructure, healthcare, education, transportation, and special project financing. The minimum initial investment is relatively high, targeting institutional or high-net-worth investors. WHYDX pays dividends monthly, offering a relatively consistent income stream. Within the broader market, this fund serves as a key vehicle for accessing tax-advantaged yield in the municipal sector, while also introducing greater return potential—and volatility—relative to traditional, higher-grade muni bond funds.