Allspring Ultra Short-Term Municipal Income Fund (SMAIX) 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 SMAIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SMAIX
SMAIX charges 0.25% annually. There are 44 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 | SMAIX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | SMAIX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | SMAIX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | SMAIX vs FSMUX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | 0.07% | — | Dec 2017 | SMAIX vs FGNSX |
Best Risk-Adjusted Alternatives to SMAIX
SMAIX has a PortfoliosLab risk / return rank of 98. There are 10 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 | SMAIX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | SMAIX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | SMAIX vs DFCMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | SMAIX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | SMAIX vs DFSMX |
Top Performing SMAIX Alternatives (YTD)
SMAIX is at 1.04% YTD. There are 336 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 10.27% | — | Apr 1998 | SMAIX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 8.40% | — | Nov 2002 | SMAIX vs NRK | |
| Nuveen Virginia Quality Municipal Income Fund | 7.07% | — | Mar 1993 | SMAIX vs NPV | |
| AllianceBernstein National Municipal Income Fund | 6.29% | — | Nov 2001 | SMAIX vs AFB | |
| BlackRock MuniYield Michigan Quality Fund | 5.83% | — | Oct 1992 | SMAIX vs MIY |
Lowest Volatility Alternatives to SMAIX
SMAIX has 0.97% 1-year volatility. There are 14 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 | SMAIX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | SMAIX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | SMAIX vs USMTX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | SMAIX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | SMAIX vs DFSMX |
Lowest Drawdown Alternatives to SMAIX
SMAIX has a 1-year max drawdown of -0.41%. There are 14 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 | SMAIX vs BATVX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | SMAIX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | SMAIX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | SMAIX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | SMAIX vs FHMIX |
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 | 33 | 1.63% | — | Jan 1998 | SMAIX vs EKWAX | |
| Allspring Diversified Capital Builder Fund | Diversified Portfolio | 96 | 32.52% | — | Jan 1998 | SMAIX vs EKBAX | |
| Allspring Special Mid Cap Value Fund Class I | Mid Cap Value Equities | 22 | 9.96% | — | — | SMAIX vs WFMIX | |
| Allspring Short-Term Bond Plus Fund | Short-Term Bond | 83 | 0.61% | — | Aug 1999 | SMAIX vs SSHIX | |
| Allspring Premier Large Company Growth Fund | Large Cap Growth Equities | 14 | 6.69% | — | Jan 1998 | SMAIX vs EKJAX | |
| Allspring Ultra Short-Term Income Fund | Ultrashort Bond | 98 | 1.49% | — | Aug 1999 | SMAIX vs SADIX | |
| Allspring Special Small Cap Value Fund | Small Cap Value Equities | 11 | 8.33% | — | May 1993 | SMAIX vs ESPAX | |
| Allspring Disciplined U.S. Core Fund | Large Cap Blend Equities | 75 | 11.87% | — | Feb 1990 | SMAIX vs EVSAX | |
| Allspring Discovery Mid Cap Growth Fund | Mid Cap Growth Equities | 12 | 7.33% | — | Feb 2000 | SMAIX vs SENAX | |
| Allspring Opportunity Fund | Large Cap Growth Equities | 26 | 8.67% | — | Feb 2000 | SMAIX vs SOPVX |
Often Compared With SMAIX
Investors most often compare SMAIX with FXIEX, MUC, SCVAX. These 7 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 47 | 1.61% | — | Jun 2012 | SMAIX vs FXIEX | |
| BlackRock MuniHoldings California Quality Fund | Municipal Bonds | 24 | 4.25% | — | Feb 1998 | SMAIX vs MUC | |
| Allspring Small Company Value Fund | Small Cap Value Equities | 41 | 15.75% | — | Jan 2002 | SMAIX vs SCVAX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 46 | 5.16% | — | Mar 1998 | SMAIX vs MUJ | |
| Nuveen Pennsylvania Quality Municipal Income | Municipal Bonds | — | — | — | Feb 1991 | SMAIX vs NQP | |
| Fidelity Municipal Bond Index Fund | Municipal Bonds | — | — | 0.00 | Jul 2019 | SMAIX vs FMBIX | |
| BlackRock MuniYield Pennsylvania Quality Fund | Municipal Bonds | 26 | 4.52% | — | Nov 1992 | SMAIX vs MPA |
Compare SMAIX with Any Fund or Stock
Compare SMAIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SMAIX with funds that move differently
Allspring Ultra Short-Term Municipal Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SMAIX.
Explore SMAIX Diversifiers