Allspring Strategic Municipal Bd A
VMPAX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Mortimer J. Buckley
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- San Francisco CA 94163 Malvern PA United States of America 19355
- IPO Date
- Nov 30, 1994
- CIK
- 0001046399
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Allspring Strategic Municipal Bond Fund Class A (VMPAX) is a mutual fund managed by Allspring Global Investments that seeks current tax-free income exempt from regular federal income tax by investing principally in a diversified portfolio of municipal securities issued by states, territories, possessions, and political subdivisions of the United States. The fund's core investment strategy includes allocating at least 80% of its net assets to municipal bonds, with up to 35% in below-investment-grade (high-yield) municipal securities; it emphasizes short- to intermediate-term maturities within the municipal debt category, targeting individual and institutional investors seeking tax-efficient fixed-income exposure. The fund offers Class A shares with a maximum front-end sales load of 4%, an expense ratio of 0.79%, and assets under management of approximately $1.92 billion. In recent years, the fund has operated under Allspring Global Investments following the 2021 divestiture and rebranding of Wells Fargo Asset Management, which was acquired by GTCR LLC and Reverence Capital Partners for $2.1 billion, with Wells Fargo retaining a minority stake and serving as a distribution partner; this transition was completed on November 1, 2021, marking a major strategic shift to independent operations and a headquarters relocation to Charlotte, North Carolina, in October 2022. No significant acquisitions, new product launches, or partnerships specific to the fund have been reported in the last 1-2 years, though the parent firm continues to emphasize growth in fixed-income capabilities amid record municipal issuance levels noted in 2025 commentary. The fund focuses on the municipal bond segment of the fixed-income industry, primarily serving tax-sensitive investors such as high-net-worth individuals and retirement accounts; its portfolio is geographically diversified across U.S. states and territories with no substantial international exposure. Launched on December 1, 1994, the fund is part of Allspring Global Investments' broader suite of mutual funds, which manages over $570 billion in assets across equity, fixed income, and multi-asset strategies.