Fund Evaluator:

Allspring Intermediate Tax/AMT-Free R6 Overview

Allspring Intermediate Tax/AMT-Free R6 (WFRTX) is an actively managed Municipal Bond Muni National Interm fund. Allspring Global Investments launched the fund in 2018.

The investment seeks current income exempt from federal income tax. The fund invests at least 80% of the fund's net assets in municipal securities whose interest is exempt from federal income tax, including federal alternative minimum tax (AMT). It invests up to 15% of the fund's total assets in below investment-grade municipal securities. While the fund may purchase securities of any maturity, under normal circumstances, the advisor expects the fund's dollar-weighted average effective maturity to be between 3 and 10 years.

About Allspring Intermediate Tax/AMT-Free R6 (WFRTX)

There are 4 members of the management team with an average tenure of 9.72 years: Robert Miller (2008), Bruce Johns (2019), Nicholos Venditti (2020), Adrian Van Poppel (2019). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg Municipal TR USD index with a weighting of 100% and Bloomberg Muni 1-15Y Blend(1-17) TR USD index with a weighting of 100%. Allspring Intermediate Tax/AMT-Free R6 has 535 securities in its portfolio. The top 10 holdings constitute 9.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Allspring Intermediate Tax/AMT-Free R6 is part of the Fixed Income global asset class and is within the Municipal Bond fund group. Allspring Intermediate Tax/AMT-Free R6 has 0.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.3% (99.2% domestic bond, 0.2% foreign bond and 0.0% convertible bond). Allspring Intermediate Tax/AMT-Free R6 has 0.7% of the portfolio in cash.

Assets Under Management

The fund has $126 million in total assets, which is below the $1 billion average for the Muni National Interm category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

WFRTX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Allspring Intermediate Tax/AMT-Free R6 expense ratio is below average compared to funds in the Muni National Interm category. Allspring Intermediate Tax/AMT-Free R6 has an expense ratio of 0.30%, which is 56% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Allspring Intermediate Tax/AMT-Free R6 has a portfolio turnover rate of 10%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 39% for the Muni National Interm category.

Recently, in the month of July 2026, Allspring Intermediate Tax/AMT-Free R6 returned -1.4%, which earned it a grade of B, as the Muni National Interm category had an average return of -1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Allspring Intermediate Tax/AMT-Free R6 has a trailing yield of 3.39%, which is above the 3.27% category average. The fund normally distributes its income monthly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Allspring Intermediate Tax/AMT-Free R6 Grades

Year to date, the fund has returned 0.4%, 0.0 percentage points better than the category, which translates into a grade of C. The fund has returned 4.3% over the past year (grade of D), 3.3% over the past three years (grade of C) and 1.0% per year over the past five years (grade of B) and 1.9% per year over the past 10 years (grade of B).

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