This actively managed ETF aims to provide current income and preserve capital primarily through investments in municipal debt, which is generally exempt from federal income tax (though not necessarily federal alternative minimum tax). While the fund predominantly holds high-quality, investment-grade instruments, it has the flexibility to allocate up to 10% of its assets to lower-rated, speculative-grade (junk) bonds. Its core focus is on very short-term municipal bonds, targeting a dollar-weighted average portfolio maturity of no more than one year. The investment process integrates macroeconomic analysis and rigorous credit research to optimize duration, position the portfolio effectively across the yield curve, strategically allocate assets across sectors and credit tiers, and select individual securities. Futures contracts may also be utilized to aid in duration and yield curve management. Holdings may be sold due to shifts in relative value, alterations in credit quality, changes in the fund's strategic direction, or to address liquidity needs.

資産クラス

Municipal Bond

運用会社

Allspring

設定国

US

設定日

2025年7月7日

保有銘柄数

99

ISIN

US01989A8036