AUSM

Issuer

Allspring

Inception

2025-07-07

Exchange

AMEX

CUSIP

01989A803

Structure

—

Benchmark

—

Leverage

1x

Reset

—

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.

Reported net asset value

$24.94

NAV provider updated

2026-10-30 UTC

Premium / discount

—

Median spread · 30D

—

Average volume · 30D

6.2K

Shares outstanding

—

Options

—

TTM distribution yield

2.8%

30-day SEC yield

—

Frequency

—

Latest ex-date

2026-10-23

Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.

Net expense ratio

0.19%

Gross expense ratio

—

Management fee

—

Annual cost per $10,000

$19.00

Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.

Our risk indicator

2/5 · rule-based

Annualized volatility · 1Y

0.82%

Beta vs VOO · 1Y

0.00

Maximum drawdown · 1Y

▼ −0.8%

Historical risk measures describe past behavior and do not predict future returns.