Allspring Minnesota Tax-Free Fund (NMTFX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NMTFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NMTFX
NMTFX charges 0.85% annually. There are 419 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | NMTFX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | NMTFX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | NMTFX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | NMTFX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | NMTFX vs FSMUX |
Best Risk-Adjusted Alternatives to NMTFX
NMTFX has a PortfoliosLab risk / return rank of 87. There are 37 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | NMTFX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | NMTFX vs ATOIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | NMTFX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | NMTFX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | NMTFX vs DFSMX |
Top Performing NMTFX Alternatives (YTD)
NMTFX is at 1.43% YTD. There are 274 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 12.91%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 12.91% | — | Apr 1998 | NMTFX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.28% | — | Nov 2002 | NMTFX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 7.81% | — | Nov 2001 | NMTFX vs AFB | |
| Nuveen Virginia Quality Municipal Income Fund | 6.99% | — | Mar 1993 | NMTFX vs NPV | |
| BlackRock MuniYield Michigan Quality Fund | 5.87% | — | Oct 1992 | NMTFX vs MIY |
Lowest Volatility Alternatives to NMTFX
NMTFX has 2.36% 1-year volatility. There are 172 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | NMTFX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NMTFX vs USMSX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | NMTFX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | NMTFX vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | NMTFX vs DFSMX |
Lowest Drawdown Alternatives to NMTFX
NMTFX has a 1-year max drawdown of -2.25%. There are 98 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | NMTFX vs BATVX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | NMTFX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | NMTFX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | NMTFX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | NMTFX vs APUSX |
Other Mutual Funds from Allspring Global Investments
The 10 most viewed Allspring Global Investments mutual funds shown here include EKWAX, EKBAX, WFMIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Allspring Precious Metals Fund | Precious Metals | 17 | -8.88% | — | Jan 1998 | NMTFX vs EKWAX | |
| Allspring Diversified Capital Builder Fund | Diversified Portfolio | 93 | 34.11% | — | Jan 1998 | NMTFX vs EKBAX | |
| Allspring Special Mid Cap Value Fund Class I | Mid Cap Value Equities | 23 | 10.31% | — | — | NMTFX vs WFMIX | |
| Allspring Short-Term Bond Plus Fund | Short-Term Bond | 80 | 0.73% | — | Aug 1999 | NMTFX vs SSHIX | |
| Allspring Ultra Short-Term Income Fund | Ultrashort Bond | 98 | 1.38% | — | Aug 1999 | NMTFX vs SADIX | |
| Allspring Premier Large Company Growth Fund | Large Cap Growth Equities | 9 | 3.50% | — | Jan 1998 | NMTFX vs EKJAX | |
| Allspring Special Small Cap Value Fund | Small Cap Value Equities | 18 | 12.56% | — | May 1993 | NMTFX vs ESPAX | |
| Allspring Disciplined U.S. Core Fund | Large Cap Blend Equities | 60 | 8.91% | — | Feb 1990 | NMTFX vs EVSAX | |
| Allspring Discovery Mid Cap Growth Fund | Mid Cap Growth Equities | 11 | 7.17% | — | Feb 2000 | NMTFX vs SENAX | |
| Allspring Small Company Value Fund | Small Cap Value Equities | 50 | 18.43% | — | Jan 2002 | NMTFX vs SCVAX |
Often Compared With NMTFX
Investors most often compare NMTFX with SOPVX, FGNSX, MUJ. These 4 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Allspring Opportunity Fund | Large Cap Growth Equities | 18 | 6.21% | — | Feb 2000 | NMTFX vs SOPVX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 97 | 0.77% | — | Dec 2017 | NMTFX vs FGNSX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 58 | 5.53% | — | Mar 1998 | NMTFX vs MUJ | |
| Allspring Index Asset Allocation Fund | Diversified Portfolio | 50 | 4.76% | — | Nov 1986 | NMTFX vs SFAAX |
Compare NMTFX with Any Fund or Stock
Compare NMTFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NMTFX with funds that move differently
Allspring Minnesota Tax-Free Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NMTFX.
Explore NMTFX Diversifiers