Allspring Municipal Bond Fund (WMFAX)
The fund normally invests at least 80% of the fund's net assets in municipal securities whose interest is exempt from federal income tax, but not necessarily federal alternative minimum tax (AMT). It invests up to 20% of the fund's total assets in securities whose interest is subject to federal AMT. While the fund may purchase securities of any maturity, under normal circumstances, the advisor expects the fund's dollar-weighted average effective maturity to be between 3 and 20 years.
Fund Info
US9499178435
949917843
Apr 7, 2005
$1,000
Expense Ratio
WMFAX has an expense ratio of 0.74%, 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 Municipal Bond Fund (WMFAX) returned -1.84% year-to-date (YTD) and 1.74% over the past 12 months. Over the past 10 years, WMFAX returned 2.25% annually, underperforming the S&P 500 benchmark at 10.85%.
WMFAX
-1.84%
-0.63%
-2.88%
1.74%
1.81%
0.84%
2.25%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of WMFAX, 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 | 0.05% | 0.88% | -1.48% | -0.67% | -0.63% | -1.84% | |||||||
| 2024 | 0.30% | 0.15% | 0.27% | -0.59% | 0.04% | 1.54% | 0.94% | 0.66% | 0.98% | -1.16% | 1.38% | -1.06% | 3.47% |
| 2023 | 2.63% | -1.90% | 1.69% | 0.14% | -0.58% | 0.76% | 0.24% | -1.20% | -2.36% | -1.35% | 5.51% | 2.11% | 5.52% |
| 2022 | -2.53% | -0.58% | -2.91% | -2.60% | 1.22% | -1.72% | 2.27% | -2.12% | -2.99% | -1.06% | 4.24% | 0.02% | -8.67% |
| 2021 | 0.46% | -1.57% | 0.75% | 1.02% | 0.28% | 0.57% | 0.65% | -0.20% | -0.84% | -0.28% | 1.01% | 0.08% | 1.91% |
| 2020 | 1.79% | 1.40% | -4.84% | -1.63% | 2.85% | 1.07% | 1.70% | -0.28% | 0.01% | -0.28% | 1.52% | 0.74% | 3.89% |
| 2019 | 0.64% | 0.55% | 1.61% | 0.43% | 1.36% | 0.31% | 0.68% | 1.64% | -0.64% | 0.01% | 0.21% | 0.21% | 7.20% |
| 2018 | -0.80% | -0.21% | 0.47% | -0.22% | 1.16% | 0.16% | 0.26% | 0.16% | -0.63% | -0.54% | 0.97% | 1.14% | 1.88% |
| 2017 | 0.29% | 0.69% | 0.48% | 0.78% | 1.45% | -0.31% | 0.75% | 0.94% | 0.06% | 0.24% | -0.34% | 0.78% | 5.97% |
| 2016 | 0.81% | -0.21% | 0.64% | 0.73% | 0.71% | 1.36% | -0.06% | 0.32% | -0.23% | -0.80% | -3.83% | 0.87% | 0.21% |
| 2015 | 1.37% | -0.81% | 0.13% | -0.53% | -0.53% | -0.14% | 0.64% | -0.13% | 0.96% | 0.65% | 0.74% | 0.89% | 3.28% |
| 2014 | 2.78% | 1.29% | 0.46% | 1.34% | 1.50% | -0.08% | 0.21% | 1.29% | 0.33% | 0.79% | 0.11% | 0.59% | 11.10% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of WMFAX is 25, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Allspring Municipal Bond Fund (WMFAX) 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 Municipal Bond Fund provided a 3.72% dividend yield over the last twelve months, with an annual payout of $0.35 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 | $0.35 | $0.42 | $0.28 | $0.24 | $0.23 | $0.25 | $0.29 | $0.32 | $0.35 | $0.38 | $0.36 | $0.38 |
Dividend yield | 3.72% | 4.33% | 2.84% | 2.48% | 2.15% | 2.29% | 2.68% | 3.10% | 3.41% | 3.74% | 3.40% | 3.66% |
Monthly Dividends
The table displays the monthly dividend distributions for Allspring 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.10 | |||||||
| 2024 | $0.05 | $0.02 | $0.05 | $0.05 | $0.02 | $0.05 | $0.05 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.42 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.28 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.29 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.35 |
| 2016 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.10 | $0.38 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.36 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.11 | $0.38 |
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 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 Municipal Bond Fund was 14.91%, occurring on Dec 16, 2008. Recovery took 156 trading sessions.
The current Allspring Municipal Bond Fund drawdown is 3.17%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.91% | Sep 12, 2008 | 67 | Dec 16, 2008 | 156 | Jul 31, 2009 | 223 |
| -13.15% | Aug 4, 2021 | 311 | Oct 25, 2022 | 484 | Sep 30, 2024 | 795 |
| -11.31% | Mar 10, 2020 | 9 | Mar 20, 2020 | 184 | Dec 10, 2020 | 193 |
| -7.11% | May 3, 2013 | 87 | Sep 5, 2013 | 121 | Feb 28, 2014 | 208 |
| -5.41% | Oct 18, 2010 | 64 | Jan 18, 2011 | 83 | May 17, 2011 | 147 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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