Allspring Ultra Short-Term Municipal Income Fund Q4 2025 Commentary

Allspring Global Investments37 FollowersFollow5ShareSavePlay(15min)CommentsSummaryAllspring Ultra Short-Term Municipal Income Fund outperformed its benchmark, the Bloomberg 1-Year Municipal Bond Index, for the three-month period that ended December 31, 2025.Security selection was the largest contributor to performance, followed by credit and sector allocations.The volatility observed throughout the year serves as a reminder to bond investors that municipals are credit products and not just a rates asset class. zimmytws/iStock via Getty Images Portfolio managers: Bruce Johns; James Randazzo; and Nicholas Venditti, CFA® Subadvisor: Allspring Global Investments, LLC Category: Muni national short Fund Strategy Uses both bottom-up credit research and top-down macroeconomic analysis Seeks to generate excess performance This article was written byAllspring Global Investments37 FollowersFollowAllspring is a company committed to thoughtful investing, purposeful planning, and the desire to elevate investing to be worth more. Allspring is reimagining investment management to be worth more—creating an investment, distribution, and operational experience that changes the game for clients. Note: This account is not managed or monitored by Allspring, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Allspring's official channels.