Allspring Strategic Municipal Bond Fund (VMPAX)
The investment seeks current income exempt from regular federal income tax. 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.
Fund Info
US94985D7729
94985D772
Nov 30, 1994
$1,000
Expense Ratio
VMPAX has an expense ratio of 0.79%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Allspring Strategic Municipal Bond Fund (VMPAX) returned -0.06% year-to-date (YTD) and 3.47% over the past 12 months. Over the past 10 years, VMPAX returned 1.83% annually, underperforming the S&P 500 benchmark at 10.84%.
VMPAX
-0.06%
0.46%
-0.30%
3.47%
2.61%
1.34%
1.83%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of VMPAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.32% | 0.66% | -0.69% | -0.34% | 0.00% | -0.06% | |||||||
| 2024 | 0.29% | 0.20% | 0.37% | -0.25% | -0.02% | 1.32% | 0.88% | 0.78% | 0.78% | -0.80% | 0.90% | -0.57% | 3.92% |
| 2023 | 1.79% | -1.30% | 1.22% | -0.06% | -0.39% | 0.65% | 0.19% | -0.38% | -1.66% | -0.51% | 3.43% | 1.46% | 4.41% |
| 2022 | -1.74% | -0.54% | -1.88% | -1.67% | 0.83% | -0.76% | 1.52% | -1.22% | -2.14% | -0.43% | 2.30% | 0.16% | -5.52% |
| 2021 | 0.43% | -0.84% | 0.46% | 0.43% | 0.11% | 0.34% | 0.32% | 0.00% | -0.54% | -0.32% | 0.54% | -0.01% | 0.91% |
| 2020 | 1.01% | 0.80% | -3.28% | -0.72% | 2.06% | 1.02% | 1.12% | 0.03% | 0.13% | -0.21% | 0.78% | 0.44% | 3.14% |
| 2019 | 0.61% | 0.40% | 0.72% | 0.17% | 0.83% | 0.27% | 0.59% | 0.70% | -0.39% | 0.15% | 0.15% | 0.22% | 4.51% |
| 2018 | -0.19% | 0.03% | 0.03% | 0.05% | 0.61% | 0.14% | 0.26% | 0.16% | -0.28% | -0.28% | 0.63% | 0.84% | 2.02% |
| 2017 | 0.36% | 0.37% | 0.26% | 0.48% | 0.59% | -0.09% | 0.47% | 0.58% | -0.10% | 0.12% | -0.21% | 0.26% | 3.14% |
| 2016 | 0.35% | -0.20% | 0.44% | 0.54% | 0.12% | 0.44% | 0.21% | 0.21% | -0.11% | -0.23% | -1.56% | 0.18% | 0.37% |
| 2015 | 0.52% | -0.23% | -0.13% | -0.12% | -0.33% | -0.11% | 0.35% | 0.01% | 0.60% | 0.47% | 0.13% | 0.39% | 1.54% |
| 2014 | 1.22% | 0.97% | 0.04% | 0.59% | 0.69% | 0.01% | 0.00% | 0.55% | 0.10% | 0.19% | 0.08% | 0.04% | 4.57% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 77, VMPAX is among the top 23% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Allspring Strategic Municipal Bond Fund (VMPAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Allspring Strategic Municipal Bond Fund provided a 2.98% dividend yield over the last twelve months, with an annual payout of $0.26 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.31 | $0.19 | $0.15 | $0.12 | $0.16 | $0.18 | $0.17 | $0.17 | $0.17 | $0.15 | $0.21 |
Dividend yield | 2.98% | 3.49% | 2.21% | 1.72% | 1.34% | 1.66% | 1.97% | 1.87% | 1.85% | 1.97% | 1.64% | 2.34% |
Monthly Dividends
The table displays the monthly dividend distributions for Allspring Strategic Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.08 | |||||||
| 2024 | $0.03 | $0.02 | $0.03 | $0.04 | $0.02 | $0.03 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.31 |
| 2023 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.18 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.17 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.17 |
| 2016 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.06 | $0.17 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 | $0.15 |
| 2014 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 | $0.21 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Allspring Strategic Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Allspring Strategic Municipal Bond Fund was 8.47%, occurring on Oct 25, 2022. Recovery took 420 trading sessions.
The current Allspring Strategic Municipal Bond Fund drawdown is 1.13%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.47% | Aug 6, 2021 | 309 | Oct 25, 2022 | 420 | Jun 28, 2024 | 729 |
| -8.14% | Mar 10, 2020 | 9 | Mar 20, 2020 | 95 | Aug 5, 2020 | 104 |
| -4.87% | Sep 12, 2008 | 25 | Oct 16, 2008 | 122 | Apr 14, 2009 | 147 |
| -3.96% | May 4, 1999 | 188 | Jan 21, 2000 | 54 | Apr 7, 2000 | 242 |
| -3.16% | Apr 7, 2025 | 3 | Apr 9, 2025 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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