Allspring Strategic Municipal Bd A (VMPAX)
Allspring Strategic Municipal Bd A operates in the Asset Management industry of the Financial Services sector, headquartered in Malvern, PA, US. The stock last traded at $8.56, down 0.23% on the session, giving a market capitalisation of $1.88B. Its beta of 0.53 implies it has historically moved less than the broad market.
The fund normally invests at least 80% of the fund's net assets in municipal securities whose interest is exempt from regular federal income tax, but not necessarily the federal alternative minimum tax (AMT). It invests up to 35% of the fund's total assets in below investment-grade municipal securities. The fund invests principally in municipal securities of states, territories and possessions of the United States whose interest is exempt from regular federal income tax, but not necessarily federal AMT.
Allspring Strategic Municipal Bd A is most often compared with the following Financial Services names: