Allspring Ultra Short Municipal ETF (AUSM)
Allspring Ultra Short Municipal ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Charlotte, NC, US. The stock last traded at $25.07, up 0.04% on the session, giving a market capitalisation of $26.1M. Its beta of 0.01 implies it has historically moved less than the broad market.
This actively managed ETF aims to provide current income and preserve capital primarily through investments in municipal debt, which is generally exempt from federal income tax (though not necessarily federal alternative minimum tax). While the fund predominantly holds high-quality, investment-grade instruments, it has the flexibility to allocate up to 10% of its assets to lower-rated, speculative-grade (junk) bonds. Its core focus is on very short-term municipal bonds, targeting a dollar-weighted average portfolio maturity of no more than one year. The investment process integrates macroeconomic analysis and rigorous credit research to optimize duration, position the portfolio effectively across the yield curve, strategically allocate assets across sectors and credit tiers, and select individual securities. Futures contracts may also be utilized to aid in duration and yield curve management. Holdings may be sold due to shifts in relative value, alterations in credit quality, changes in the fund's strategic direction, or to address liquidity needs.
Allspring Ultra Short Municipal ETF is most often compared with the following Financial Services names: