Summary

• Allspring Intermediate Tax/AMT-Free Fund outperformed its benchmark, the Bloomberg Municipal 1–15 Year Blend Index, for the three-month period that ended March 31, 2026.
• The fund was short duration to the benchmark during the period, which detracted early on but was overall positive as the market sold off in March.
• Underweights to bonds from 6–8 years and from 12–17 years were positive, as these maturity buckets underperformed.
• Lower-rated bonds outperformed higher-rated bonds over the period. The portfolio is underweight AAA- and AA-rated bonds, which underperformed, and overweight A- and BBB-rated bonds, which outperformed.

General Fund Information

Ticker: WITIX

Portfolio managers:

Robert Miller;

Bruce Johns;

Adrian Van Poppel;

and Nicholas Venditti, CFA®

Subadvisor: Allspring Global Investments, LLC

Category: Muni national intern

Fund Strategy

• Uses both bottom-up credit research

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