WMBIX

About WMBIX

Allspring Municipal Bond Fund – Class Institutional is an open-end mutual fund focused on generating current income that is exempt from federal income tax. The fund primarily invests in a diversified portfolio of municipal securities issued by state and local governments and their agencies, targeting a dollar‑weighted average effective maturity typically between 3 and 20 years under normal conditions. Management employs a combination of top‑down and bottom‑up research to balance duration, yield‑curve positioning, sector and credit allocation, and security selection, and may use futures for duration and curve management. The strategy can invest in securities below investment grade or unrated equivalents and may allocate up to 10% to inverse floaters to enhance returns, while limiting leverage to 10% of total assets; up to 20% of assets may be in bonds whose interest is subject to the federal AMT. With a stated objective of tax‑exempt income and a low distribution fee level and competitive expense profile for its share class, the fund plays a role as a core municipal fixed‑income holding for investors seeking federally tax‑advantaged income.