Allspring Strategic Municipal Bond Fund Admin Class (VMPYX)
Allspring Strategic Municipal Bond Fund Admin Class operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $8.89, up 0.00% on the session, giving a market capitalisation of $1.90B. On trailing twelve-month figures it carries a trailing P/E of 24.03, a net margin of 49.0%. Its beta of 0.55 implies it has historically moved less than the broad market.
This fund customarily commits a minimum of 80% of its net assets to municipal securities. While the interest generated by these investments is typically exempt from ordinary federal income tax, it may not be free from the federal alternative minimum tax (AMT). A portion of the fund, up to 35% of its total assets, can be held in municipal debt instruments classified as below investment grade. The primary objective is to acquire municipal obligations issued by U.S. states, territories, and possessions, whose interest also qualifies for exemption from regular federal income tax, though it is not guaranteed to be exempt from federal AMT.
Allspring Strategic Municipal Bond Fund Admin Class is most often compared with the following Financial Services names: