AUSM

Allspring Ultra Short Municipal ETF

$25.09

+0.00%

Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The Allspring Ultra Short Municipal ETF (AUSM) seeks to provide current income that is exempt from regular federal income taxes, while preserving capital and maintaining a low duration profile.

Overview

ETF tracking Allspring Ultra Short Municipal ETF

Category Municipal Bonds

Issuer Other

Inception Date 2025-07-08

Market Cap $30.1M

Average Volume N/A

Dividend Yield 0.77%

52-Week Range $25.00 - $25.25

VWAP $25.09

Performance

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Investment Summary

📎 Investment Objective

The Allspring Ultra Short Municipal ETF (AUSM) seeks to provide current income that is exempt from regular federal income taxes, while preserving capital and maintaining a low duration profile.

🎯 Investment Strategy

The ETF invests primarily in a diversified portfolio of investment-grade municipal bonds with short-term maturities, typically less than 3 years. The fund aims to maintain a weighted average effective duration of less than 1 year to limit interest rate risk.

✨ Key Features

Focuses on high-quality, short-term municipal bonds to generate tax-exempt income
Maintains a low duration profile to reduce sensitivity to rising interest rates
Seeks to provide stability and preservation of capital
Diversified portfolio of municipal bonds across sectors and issuers

⚠️ Primary Risks

Interest rate risk: The fund's value may decline if interest rates rise
Credit risk: The fund is exposed to the risk of default by municipal bond issuers
Liquidity risk: The fund may have difficulty selling certain municipal bonds
Tax risk: Changes in tax laws could affect the tax-exempt status of the fund's income

👤 Best For

The Allspring Ultra Short Municipal ETF may be suitable for investors seeking tax-exempt income and capital preservation, with a low tolerance for interest rate risk. It can be used as a cash management tool or a defensive component within a broader fixed income portfolio.