Allspring Municipal Bond Fund – Class Admin is an actively managed mutual fund focused on municipal bonds, designed for investors seeking income exempt from federal income tax. The fund invests at least 80% of its portfolio in municipal securities, including bonds issued by state and local governments to finance public projects such as transportation, education, and infrastructure. A smaller allocation (up to 20%) may be invested in securities whose interest is subject to the federal alternative minimum tax. With a diversified portfolio typically holding over 1,500 issues, the fund spans a broad mix of states and sectors to reduce credit and sector concentration risk. It maintains a dollar-weighted average maturity ranging from 3 to 20 years, qualifying it for the 'Muni National Long' category. The fund is managed by experienced professionals at Allspring Global Investments and aims to provide regular monthly income. Its returns have historically tracked close to its benchmark, the Bloomberg Municipal Bond Index, while offering a low-to-moderate risk profile as measured by standard industry statistics. The fund appeals to investors looking for federally tax-exempt income with broad municipal exposure and professional management.
Based on technical indicators and chart patterns, WMFDX shows...
Market sentiment analysis indicates...