Aug. 22, 2025 12:35 AM ETAllspring Municipal Bond Fund - Class A (WMFAX), WMFCX, WMFDX, WMBIX, WMBRXWMFAX, WMFCX, WMFDX, WMBIX, WMBRXAllspring Global Investments22 FollowersSummaryThe fund underperformed its benchmark, the Bloomberg Municipal Bond Index, for the three-month period that ended June 30, 2025.The fund was long duration to the benchmark for much of the period, which detracted as the market sold off.Maturities within 10 years were the strongest performers for the quarter, and an underweight to those maturities detracted.Contributors to relative performance included an overweight allocation to the industrial development revenue/pollution control revenue (IDR/PCR) and special tax sectors.We continue to be underweight general obligation (GO) bonds and prerefunded bonds while maintaining an overweight to revenue bonds.loveguli/E+ via Getty ImagesQuarterly reviewThe fund underperformed its benchmark, the Bloomberg Municipal Bond Index, for the three-month period that ended June 30, 2025.Security selection was the largest driver of performance, while duration, curve, credit, and sector selection detracted.This article was written byAllspring Global Investments22 FollowersAllspring 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.CommentsRecommended For You