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 features an expense ratio of 0.79%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Allspring Strategic Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Allspring Strategic Municipal Bond Fund had a return of 0.32% year-to-date (YTD) and 4.07% in the last 12 months. Over the past 10 years, Allspring Strategic Municipal Bond Fund had an annualized return of 1.70%, while the S&P 500 had an annualized return of 11.31%, indicating that Allspring Strategic Municipal Bond Fund did not perform as well as the benchmark.
VMPAX
0.32%
0.66%
0.94%
4.07%
1.12%
1.70%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
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% | 0.32% | |||||||||||
| 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% | 3.42% | 1.46% | 4.41% |
| 2022 | -1.74% | -0.54% | -1.88% | -1.67% | 0.83% | -0.76% | 1.52% | -1.22% | -2.14% | -0.42% | 2.30% | 0.16% | -5.53% |
| 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% | 0.14% | 4.43% |
| 2018 | -0.19% | 0.03% | 0.03% | 0.04% | 0.61% | 0.15% | 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% | 0.02% | 2.90% |
| 2016 | 0.35% | -0.20% | 0.44% | 0.54% | 0.12% | 0.44% | 0.21% | 0.21% | -0.11% | -0.23% | -1.56% | -0.33% | -0.14% |
| 2015 | 0.52% | -0.23% | -0.13% | -0.12% | -0.33% | -0.11% | 0.35% | 0.01% | 0.59% | 0.47% | 0.13% | 0.12% | 1.27% |
| 2014 | 1.22% | 0.97% | 0.04% | 0.59% | 0.69% | 0.01% | 0.00% | 0.55% | 0.10% | 0.19% | 0.08% | -0.81% | 3.68% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 86, VMPAX is among the top 14% 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.
Dividends
Dividend History
Allspring Strategic Municipal Bond Fund provided a 3.30% dividend yield over the last twelve months, with an annual payout of $0.29 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 | $0.29 | $0.31 | $0.19 | $0.15 | $0.12 | $0.16 | $0.17 | $0.17 | $0.15 | $0.13 | $0.12 | $0.13 |
Dividend yield | 3.30% | 3.49% | 2.21% | 1.72% | 1.34% | 1.66% | 1.90% | 1.87% | 1.62% | 1.46% | 1.37% | 1.48% |
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 | $0.00 | $0.02 | ||||||||||
| 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 | $0.01 | $0.17 |
| 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 | $0.01 | $0.15 |
| 2016 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2015 | $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 |
| 2014 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
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.
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 0.48%.
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 14, 1999 | 180 | Jan 21, 2000 | 54 | Apr 7, 2000 | 234 |
| -2.54% | Apr 12, 2000 | 26 | May 18, 2000 | 22 | Jun 20, 2000 | 48 |
Volatility
Volatility Chart
The current Allspring Strategic Municipal Bond Fund volatility is 0.59%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.