Allspring Ultra Short Municipal ETF
$24.96−0.01 (−0.04%)
- 0.19%
- $33M
- +2.4%
- 2.78%
- 4.66K sh
- low $24.76high $25.53
The ETF.net AUSM Grade
B
Score 59 out of 100
- 17 of 28
Score 59 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B61 out of 100Rank 10 of 28Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B57 out of 100Rank 9 of 27Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F23 out of 100Rank 26 of 28Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D36 out of 100Rank 21 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F13 out of 100Rank 26 of 28
Our read on AUSM
In short
BAn actively run muni cash sleeve in ETF clothing: Allspring aims to keep average effective maturity at one year or less, hunting federally tax-exempt income at the sleepy end of the curve. Fee is 0.19%, with no waiver involved.
Stated mandate
The Fund seeks current income exempt from federal income tax while preserving capital. It invests principally in short-term municipal securities and generally expects a dollar-weighted average effective maturity of one year or less.
Why people hold it
Worth knowing
AUSM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
AUSM$10,244
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | AUSM |
|---|---|
| Year to date | +1.8% |
| 1 month | +1.0% |
| 3 months | +0.5% |
| 1 year | +2.4% |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | AUSM |
|---|---|---|
| 2026 YTD | +1.8% | |
| 2025 | +1.7% |
AUSM in the news
AUSM Dividends
- 2.78%
- $0.69
- $0.06 per share
- Monthly
AUSM Risk
- 1.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −1.00
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −0.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.02
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
AUSM Cost
Overpaying vs VTES, tied cheapest in Short-Duration Municipal Bonds
$2,892
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
AUSM 0.19%
$3,952
VTES 0.05% Tied cheapest
$1,060
Cost over time
Year by year
| Year | AUSM | VTES | Overpaying |
|---|---|---|---|
| 10 | $347 | $92 | $255 |
| 20 | $1,351 | $360 | $991 |
| 30 | $3,952 | $1,060 | $2,892 |
Other funds in Short-Duration Municipal Bonds
- BFTMSFranklin Short-Term Municipal Income ETFExpense ratio 0.21%1 year return +2.3%
- BTAFIAB Tax-Aware Short Duration Municipal ETFExpense ratio 0.27%1 year return +1.8%
- BSMMUPIMCO Short Term Municipal Bond Active Exchange-Traded FundExpense ratio 0.35%1 year return +2.5%
- BAMUNabrdn Ultra Short Municipal Income Active ETFExpense ratio 0.25%1 year return +2.7%
- BFUMBFirst Trust Ultra Short Duration Municipal ETFExpense ratio 0.45%1 year return +2.6%
