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Allspring Ultra Short Municipal ETF (AUSM)
About this ETF
AUSM is actively managed and seeks current income and capital preservation by investing in municipal securities exempt from federal income tax, though not necessarily federal AMT. It primarily holds investment grade securities but may allocate up to 10% of the portfolio to junk bonds. The fund focuses on ultra-short term muni bonds, expecting a dollar-weighted average portfolio maturity of one year or less. The strategy incorporates macroeconomic analysis and credit research to optimize duration management, yield curve positioning, sector and credit allocation, as well as security selection. Futures may also be utilized to support duration and yield curve management. In maintaining the portfolio, securities may be sold based on relative value, changes in credit characteristics, shifts in portfolio strategy, or…
Price
Top 10 holdings
| J P Morgan Chase Putters / Drivers Tr Var Sts | 2.34% |
| Connecticut St Health & Edl Facs Auth Rev | 1.96% |
| Biloxi Public School District (Mississippi) | 1.61% |
| Westfield-Washington Multi-School Building Corp. (Indiana) | 1.61% |
| Prosper Tex Indpt Sch Dist | 1.59% |
| Chandler Ariz Indl Dev Auth Indl Dev Rev | 1.58% |
| City of Chicago (Illinois) | 1.57% |
| State of Ohio | 1.57% |
| Alaska Municipal Bond Bank | 1.57% |
| Main Str Nat Gas Inc Ga Gas Supply Rev | 1.56% |
Sector mix
No sector breakdown available for this fund.
Price chart
Returns
| 1 month | -0.04% |
| 3 months | -0.08% |
| 6 months | -0.16% |
| Year to date | -0.04% |
| 1 year | +0.32% |
| 3 years (ann.) | — |
| 5 years (ann.) | — |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 1.06% |
| Sharpe (1y) | 0.31 |
| Sharpe (3y) | — |
| Sortino (1y) | 0.28 |
| Max drawdown (1y) | -0.91% |
| Max drawdown (5y) | — |
| Max drawdown (full) | -0.91% |
| Beta vs S&P 500 (1y) | -0.01 |
| Correlation vs S&P 500 (1y) | -0.07 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Geographic exposure
Cost vs. peers
Comparison universe: 1,710 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-06-24 | 2026-06-26 | USD 0.0549 |
| 2026-05-22 | 2026-05-27 | USD 0.0533 |
| 2026-04-24 | 2026-04-28 | USD 0.0617 |
| 2026-03-25 | 2026-03-27 | USD 0.0534 |
| 2026-02-24 | 2026-02-26 | USD 0.0528 |
| 2026-01-27 | 2026-01-29 | USD 0.0629 |
| 2025-12-22 | 2025-12-24 | USD 0.0558 |
| 2025-12-15 | 2025-12-17 | USD 0.0093 |
| 2025-11-24 | 2025-11-26 | USD 0.0564 |
| 2025-10-27 | 2025-10-29 | USD 0.0623 |
| 2025-09-24 | 2025-09-26 | USD 0.0545 |
| 2025-08-25 | 2025-08-27 | USD 0.0632 |
| 2025-07-25 | 2025-07-29 | USD 0.0144 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 4.01% | -0.82% | -0.19 |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 4.03% | -0.76% | -0.17 |
| Vanguard Total International Bond ETF BNDX | 0.07% | 122.00B | 4.52% | -2.72% | -0.64 |
| iShares 0-3 Month Treasury Bond ETF SGOV | 0.09% | 97.69B | 3.80% | +0.05% | 0.05 |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 4.16% | -0.54% | -0.18 |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 4.02% | -1.02% | -0.48 |
| Vanguard Intermediate-Term Corporate Bond ETF VCIT | 0.03% | 68.70B | 4.86% | -1.04% | -0.22 |
| Vanguard Intermediate-Term Bond ETF BIV | 0.03% | 52.20B | 4.27% | -1.28% | -0.28 |
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 4.47% | -0.85% | -0.36 |
| Vanguard Intermediate-Term Treasury ETF VGIT | 0.03% | 49.50B | 3.89% | -1.50% | -0.41 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 0.0% |
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 0.0% |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 0.0% |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 0.0% |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 0.0% |
