---
ticker: "AUSM"
name: "Allspring Ultra Short Municipal ETF"
url: "https://etf.net/etf/AUSM"
grade: "B"
score: 59
graded_at: "2026-10-12"
category: "Short-Duration Municipal Bonds"
category_rank: "17 of 28"
methodology: "https://etf.net/methodology"
---

# AUSM: Allspring Ultra Short Municipal ETF

Grade **B**, Score 59 of 100. Rank 17 of 28 in Short-Duration Municipal Bonds.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 63 | 10 of 28 |
| Mission | 100 | 1 of 27 |
| Risk | 59 | 6 of 27 |
| Tradability | 21 | 27 of 28 |
| Holdings | 33 | 23 of 28 |
| Durability | 11 | 27 of 28 |

## Top holdings

The fund holds 106 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | J P Morgan Chase Putters / Drivers Tr Var Sts | 2.29% |
| 2 | — | Connecticut St Health & Edl Facs Auth Rev | 1.89% |
| 3 | — | Prosper Tex Indpt Sch Dist | 1.54% |
| 4 | — | Biloxi Public School District (Mississippi) | 1.54% |
| 5 | — | State of Ohio | 1.53% |
| 6 | — | City of Chicago (Illinois) | 1.53% |
| 7 | — | Mizuho Floater / Residual Tr Var Sts | 1.52% |
| 8 | — | King Cnty Wash Swr Rev | 1.52% |
| 9 | — | Tender Opt Bd Tr Rcpts / Ctfs Var Sts | 1.52% |
| 10 | — | Jacksonville Fla Health Care Facs Rev | 1.52% |
| 11 | — | Tender Opt Bd Tr Rcpts / Ctfs Var Sts | 1.52% |
| 12 | — | West Jefferson Ala Indl Dev Brd Solid Waste Disprev | 1.52% |
| 13 | — | Port Port Arthur Tex Nav Dist Environmental Facsrev | 1.52% |
| 14 | — | Tender Opt Bd Tr Rcpts / Ctfs Var Sts | 1.52% |
| 15 | — | Kentucky Economic Dev Fin Auth Solid Waste Disprev | 1.52% |
| 16 | — | Chandler Ariz Indl Dev Auth Indl Dev Rev | 1.52% |
| 17 | — | Main Str Nat Gas Inc Ga Gas Supply Rev | 1.51% |
| 18 | — | San Antonio Tex Elec & Gas Rev | 1.50% |
| 19 | — | Fla Hsg Fin Corp Multifamily Mtg Rev | 1.48% |
| 20 | — | Pennsylvania Hsg Fin Agy Multifamily Hsg Rev | 1.48% |
| 21 | — | Monroe Cnty Ga Dev Auth Pollution Ctl Rev | 1.45% |
| 22 | — | Scranton-Lackawanna Health & Welfare Authority (Pennsylvania) | 1.37% |
| 23 | — | FW Chaparral PFC (Texas) | 1.34% |
| 24 | — | Texas Municipal Gas Acquisition & Supply Corp. V | 1.27% |
| 25 | — | Philadelphia School District | 1.23% |
| 26 | — | Parlier Unified School District (California) | 1.22% |
| 27 | — | Hutto Tex Indpt Sch Dist | 1.22% |
| 28 | — | Michigan St Bldg Auth Rev | 1.22% |
| 29 | — | South Carolina Public Service Au | 1.22% |
| 30 | — | Montgomery Cnty Pa Higher Ed & Health Auth Rev | 1.22% |

Source: etf.net, https://etf.net/etf/AUSM. Please cite the page URL.