WMBRX

About WMBRX

Allspring Municipal Bond Fund - Class R6 is an actively managed municipal bond mutual fund designed to provide current income that is exempt from federal income tax. The portfolio primarily invests at least 80% of net assets in investment-grade municipal securities issued by state and local governments and related entities, financing projects such as infrastructure, transportation, education, and public health. Managed by Allspring Global Investments’ fixed income team, the strategy emphasizes diversification across sectors, credit tiers, and maturities to balance income generation with interest-rate and credit risk management. Class R6 shares are generally intended for institutional retirement platforms and plan-level or omnibus accounts, offering a lower expense structure relative to other share classes. The fund’s role in the market is to serve investors seeking tax-advantaged income and broad exposure to the U.S. municipal bond market, with performance often assessed against the Bloomberg Municipal Bond Index. As a core tax-exempt fixed income allocation, it aims to deliver steady, federally tax-free cash flows while navigating rate cycles and municipal credit fundamentals through active security selection and duration management.