Allspring Municipal Bond Fund (WMFAX) Alternatives
Allspring Municipal Bond Fund (WMFAX) 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 WMFAX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to WMFAX
WMFAX charges 0.74% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among WMFAX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | Dec 22, 2015 | WMFAX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | May 30, 2007 | WMFAX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | Feb 2, 2021 | WMFAX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | Jun 24, 2021 | WMFAX vs FSMUX | |
| Fidelity Municipal Bond Index Fund | 0.07% | Jul 11, 2019 | WMFAX vs FMBIX |
Best Risk-Adjusted Alternatives to WMFAX
Among mutual funds in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 100 | Dec 4, 2002 | WMFAX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | Apr 21, 2016 | WMFAX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 99 | Dec 25, 2017 | WMFAX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | Feb 2, 2021 | WMFAX vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 99 | May 30, 2016 | WMFAX vs USMTX |
Top Performing WMFAX Alternatives (YTD)
WMFAX alternatives from the Municipal Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 6.43% | Apr 20, 1998 | WMFAX vs NMI | |
| Nuveen Virginia Quality Municipal Income Fund | 4.12% | Mar 18, 1993 | WMFAX vs NPV | |
| Nuveen New York AMT Free Quality Municipal Income | 3.25% | Nov 21, 2002 | WMFAX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 2.55% | Oct 30, 1992 | WMFAX vs MIY | |
| Nuveen Pennsylvania Quality Municipal Income | 2.31% | Feb 21, 1991 | WMFAX vs NQP |
Lowest Volatility Alternatives to WMFAX
WMFAX alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.68% | Aug 19, 2002 | WMFAX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.69% | May 31, 2016 | WMFAX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.70% | May 30, 2016 | WMFAX vs USMTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.71% | Apr 11, 2022 | WMFAX vs DFABX | |
| BlackRock Allocation Target Shares | 0.76% | May 20, 2021 | WMFAX vs BATVX |
Lowest Drawdown Alternatives to WMFAX
WMFAX alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | May 20, 2021 | WMFAX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | Dec 4, 2002 | WMFAX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | Apr 21, 2016 | WMFAX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.20% | Dec 25, 2017 | WMFAX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.20% | Feb 2, 2021 | WMFAX vs FHMIX |
Other Mutual Funds from Allspring Global Investments
Most popular Allspring Global Investments mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Allspring Precious Metals Fund | Precious Metals | 93 | 1.81% | Jan 19, 1998 | WMFAX vs EKWAX | |
| Allspring Diversified Capital Builder Fund | Diversified Portfolio | 90 | 4.55% | Jan 19, 1998 | WMFAX vs EKBAX | |
| Allspring Special Mid Cap Value Fund Class I | Mid Cap Value Equities | 23 | 0.81% | — | WMFAX vs WFMIX | |
| Allspring Short-Term Bond Plus Fund | Short-Term Bond | 98 | 0.10% | Aug 31, 1999 | WMFAX vs SSHIX | |
| Allspring Premier Large Company Growth Fund | Large Cap Growth Equities | 21 | -13.16% | Jan 20, 1998 | WMFAX vs EKJAX | |
| Allspring Ultra Short-Term Income Fund | Ultrashort Bond | 99 | 0.33% | Aug 31, 1999 | WMFAX vs SADIX | |
| Allspring Disciplined U.S. Core Fund | Large Cap Blend Equities | 56 | -6.75% | Feb 28, 1990 | WMFAX vs EVSAX | |
| Allspring Special Small Cap Value Fund | Small Cap Value Equities | 7 | -1.86% | May 7, 1993 | WMFAX vs ESPAX | |
| Allspring Discovery Mid Cap Growth Fund | Mid Cap Growth Equities | 27 | -9.06% | Feb 24, 2000 | WMFAX vs SENAX | |
| Allspring Small Company Value Fund | Small Cap Value Equities | 34 | 4.92% | Jan 31, 2002 | WMFAX vs SCVAX |
Often Compared With WMFAX
What investors most often compare with WMFAX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Brown Advisory Tax Exempt Bond Fund | Municipal Bonds | 70 | -0.69% | Jun 28, 2012 | WMFAX vs BIAEX | |
| Fidelity Total Bond Fund | Total Bond Market | 60 | -0.50% | — | WMFAX vs FEPIX | |
| Allspring Opportunity Fund | Large Cap Growth Equities | 10 | -9.05% | Feb 24, 2000 | WMFAX vs SOPVX | |
| Blackrock 2037 Municipal Target Term Trust | Municipal Bonds | 27 | 0.14% | Oct 28, 2022 | WMFAX vs BMN | |
| DFA Municipal Real Return Portfolio | Municipal Bonds | 94 | 1.10% | Nov 3, 2014 | WMFAX vs DMREX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 28 | -0.72% | Jun 24, 2012 | WMFAX vs FXIEX | |
| Fidelity Conservative Income Municipal Bond Fund I... | Municipal Bonds | 99 | 0.30% | Oct 15, 2013 | WMFAX vs FMNDX |
Compare WMFAX with Any Fund or Stock
Compare WMFAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.