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Allspring Short-Term Municipal Bond Fund (WSSCX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Allspring Short-Term Municipal Bond Fund (WSSCX)

Mutual Fund · Currency in USD · Last updated May 31, 2025

The fund 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 3 years or less.

Fund Info

ISIN

US9499178765

CUSIP

949917876

Issuer

Allspring Global Investments

Inception Date

Jan 30, 2003

Category

Municipal Bonds

Min. Investment

$1,000

Asset Class

Bond

Expense Ratio

WSSCX has a high expense ratio of 1.38%, indicating above-average management fees.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Allspring Short-Term Municipal Bond Fund

Performance

Performance Chart

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S&P 500

Returns By Period

Allspring Short-Term Municipal Bond Fund (WSSCX) returned 0.66% year-to-date (YTD) and 3.20% over the past 12 months. Over the past 10 years, WSSCX returned 0.63% annually, underperforming the S&P 500 benchmark at 10.85%.

WSSCX

YTD

0.66%

1M

0.31%

6M

0.39%

1Y

3.20%

3Y*

1.97%

5Y*

0.73%

10Y*

0.63%

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of WSSCX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.34%0.46%-0.18%-0.27%0.31%0.66%
20240.16%0.04%0.24%-0.12%0.02%0.78%0.79%0.65%0.35%-0.38%0.45%-0.27%2.75%
20231.13%-1.05%0.93%-0.12%-0.33%0.43%0.12%-0.19%-0.71%-0.07%1.85%0.88%2.87%
2022-1.19%-0.37%-1.07%-1.01%0.67%-0.32%0.82%-0.82%-1.24%-0.24%1.37%0.08%-3.30%
20210.24%-0.46%0.08%0.14%0.03%-0.05%0.22%-0.16%-0.28%-0.19%0.02%-0.08%-0.49%
20200.45%0.26%-1.84%-0.14%1.06%0.45%0.45%0.04%0.04%-0.16%0.34%0.14%1.07%
20190.27%0.19%0.38%-0.02%0.39%0.18%0.27%0.17%-0.23%0.17%0.07%0.06%1.92%
20180.05%-0.04%-0.05%-0.13%0.27%0.16%0.16%-0.04%-0.23%-0.03%0.29%0.28%0.68%
20170.25%0.16%0.04%0.25%0.15%-0.05%0.25%0.34%-0.16%0.03%-0.26%-0.06%0.96%
20160.22%0.04%-0.17%0.14%0.04%0.14%0.23%-0.07%-0.26%-0.07%-1.18%-0.06%-1.00%
20150.21%-0.08%-0.19%-0.18%-0.19%-0.08%0.12%-0.08%0.13%0.22%-0.07%-0.01%-0.20%
20140.43%0.24%-0.18%0.13%0.22%-0.08%-0.09%0.21%0.02%0.01%-0.09%-0.01%0.81%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 91, WSSCX is among the top 9% 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.

The Risk-Adjusted Performance Rank of WSSCX is 9191
Overall Rank
The Sharpe Ratio Rank of WSSCX is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of WSSCX is 9090
Sortino Ratio Rank
The Omega Ratio Rank of WSSCX is 9292
Omega Ratio Rank
The Calmar Ratio Rank of WSSCX is 9292
Calmar Ratio Rank
The Martin Ratio Rank of WSSCX is 9191
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Allspring Short-Term Municipal Bond Fund (WSSCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Allspring Short-Term Municipal Bond Fund Sharpe ratios as of May 31, 2025 (values are recalculated daily):

  • 1-Year: 1.89
  • 5-Year: 0.57
  • 10-Year: 0.49
  • All Time: 1.04

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Allspring Short-Term Municipal Bond Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Allspring Short-Term Municipal Bond Fund provided a 1.90% dividend yield over the last twelve months, with an annual payout of $0.18 per share. The fund has been increasing its distributions for 3 consecutive years.

0.50%1.00%1.50%2.00%$0.00$0.05$0.10$0.15$0.2020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.18$0.22$0.13$0.08$0.04$0.06$0.09$0.08$0.05$0.04$0.03$0.03

Dividend yield

1.90%2.29%1.35%0.88%0.42%0.56%0.89%0.77%0.55%0.42%0.30%0.31%

Monthly Dividends

The table displays the monthly dividend distributions for Allspring Short-Term Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.01$0.01$0.01$0.01$0.00$0.05
2024$0.03$0.01$0.02$0.03$0.01$0.02$0.03$0.01$0.01$0.01$0.01$0.01$0.22
2023$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.13
2022$0.00$0.00$0.01$0.00$0.00$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.08
2021$0.01$0.00$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.04
2020$0.01$0.01$0.01$0.01$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.06
2019$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.09
2018$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.08
2017$0.01$0.01$0.00$0.01$0.01$0.01$0.01$0.00$0.00$0.00$0.00$0.00$0.05
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.04
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.01$0.03
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.01$0.03

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 Short-Term 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 Short-Term Municipal Bond Fund was 5.68%, occurring on Oct 25, 2022. Recovery took 428 trading sessions.

The current Allspring Short-Term Municipal Bond Fund drawdown is 0.27%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-5.68%Feb 11, 2021434Oct 25, 2022428Jul 11, 2024862
-4.9%Sep 10, 200869Dec 16, 200892Apr 30, 2009161
-4.5%Mar 10, 20209Mar 20, 2020176Nov 30, 2020185
-1.68%Aug 2, 201686Dec 1, 2016523Jan 2, 2019609
-1.67%Feb 12, 200814Mar 3, 200855May 20, 200869
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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