SMAVX Performance — Allspring Ultra Short-Term Municipal Income Fund, Class A
Data updated: 2026-09-08
SMAVX returned +1.66% year to date and +3.31% over one year to Jun 2026. Annualised returns are +3.46% over 3 years and +2.53% over 5 years. The fund trailed its Trading - Leveraged category average: $100 invested three years ago grew to $111, against $157 for the category, and to $103 over one year, against $121. Volatility over the past three years was 0.69% a year. In the 12 months to Jun 2026 the fund took in a net $245.8M, and assets reached $1.07B.
SMAVX Growth of $100
What $100 invested in Allspring Ultra Short-Term Municipal Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Leveraged category average over the same months.
| Period | SMAVX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $103 | $121 |
| 3 years (Jul 2023 – Jun 2026) | $111 | $157 |
| 5 years (Jul 2021 – Jun 2026) | $113 | $144 |
| Since data start (Jul 2019 – Jun 2026) | $113 | $165 |
SMAVX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.66% |
| 1 year | +3.31% |
| 3 years (annualised) | +3.46% |
| 5 years (annualised) | +2.53% |
SMAVX Annual Returns
Calendar-year total returns of Allspring Ultra Short-Term Municipal Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.66% |
| 2025 | +3.41% |
| 2024 | +3.28% |
| 2023 | +3.35% |
| 2022 | +0.96% |
| 2021 | 0.00% |
| 2020 | +0.01% |
| 2019 (Jul–Dec) | +0.01% |
SMAVX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.3% | +0.4% | +0.3% | +0.2% | +0.2% | +0.2% | — | — | — | — | — | — |
| 2025 | +0.4% | +0.3% | +0.1% | +0.1% | +0.3% | +0.4% | +0.4% | +0.3% | +0.2% | 0.0% | +0.2% | +0.3% |
| 2024 | +0.2% | +0.2% | +0.2% | +0.1% | +0.3% | +0.5% | +0.5% | +0.4% | +0.3% | −0.1% | +0.4% | 0.0% |
| 2023 | +0.5% | −0.3% | +0.7% | −0.1% | 0.0% | +0.5% | +0.3% | +0.1% | −0.1% | +0.3% | +0.9% | +0.5% |
| 2022 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +0.1% | +0.8% | +0.1% |
| 2021 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 2020 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 2019 | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
SMAVX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 0.69%
- 3-year Sharpe ratio: -1.51 (vs 4.5% risk-free rate)
- Best month: +0.94% (Nov 2023)
- Worst month: −0.13% (Sep 2023)
SMAVX Fund Flows
Monthly money in and out of Allspring Ultra Short-Term Municipal Income Fund, from SEC Form N-PORT.
- 12-month net flow: $245.8M
- 12-month gross sales (incl. reinvestments): $962.6M
- Sales ÷ redemptions: 1.34×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $78.9M | $87.1M | −$8.2M |
| May 2026 | $66.0M | $45.3M | $20.7M |
| Apr 2026 | $73.0M | $90.2M | −$17.1M |
| Mar 2026 | $79.7M | $53.3M | $26.4M |
| Feb 2026 | $51.2M | $88.1M | −$36.9M |
| Jan 2026 | $81.3M | $52.3M | $29.1M |
| Dec 2025 | $158.9M | $57.4M | $101.5M |
| Nov 2025 | $45.2M | $50.4M | −$5.2M |
| Oct 2025 | $40.6M | $68.7M | −$28.0M |
| Sep 2025 | $143.5M | $52.0M | $91.5M |
| Aug 2025 | $68.4M | $28.3M | $40.1M |
| Jul 2025 | $75.7M | $43.8M | $31.9M |
SMAVX Assets Under Management
Net assets of Allspring Ultra Short-Term Municipal Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.07B |
| 2026-03-31 | $1.07B |
| 2025-12-31 | $1.06B |
| 2025-09-30 | $988.97M |
| 2025-06-30 | $823.08M |
| 2025-03-31 | $692.92M |
| 2024-12-31 | $723.66M |
| 2024-09-30 | $738.52M |
| 2024-06-30 | $781.42M |
| 2024-03-31 | $805.74M |
| 2023-12-31 | $832.65M |
| 2023-09-30 | $860.04M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.