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Allspring Short-term Municipal Bond Fund - Class Inst (WSBIX)

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9.71 +0.01    +0.10%
25/11 - Delayed Data. Currency in USD
  • Morningstar Rating:
  • Total Assets: 1.07B
Type:  Fund
Market:  United States
Issuer:  Wells Fargo Funds
Asset Class:  Equity
Wells Fargo Short-Term Municipal Bd Inst 9.71 +0.01 +0.10%

WSBIX Overview

 
On this page you'll find an in-depth profile of Allspring Short-term Municipal Bond Fund - Class Inst. Learn about the key management, total assets, investment strategy and contact information of WSBIX among other information.
Category

Muni National Short

Total Assets

1.07B

Expenses

0.40%

Inception Date

39538

Investment Strategy

The investment seeks current income exempt from federal income tax consistent with capital preservation. The fund invests at least 80% of the fund's net assets in municipal securities whose interest is exempt from federal income tax, but not necessarily federal alternative minimum tax (AMT). It invests up to 20% of the fund's total assets in securities whose interest is subject to federal AMT. 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 3 years or less.

Contact Information

Address 1415 Vantage Park Drive, 3rd Floor
Charlotte,NC 28203
United States
Phone 1-833-568-4255

Top Executives

Name Title Since Until
Nicholos Venditti Senior Portfolio Manager 2020 Now
Biography Nicholos Venditti is a senior portfolio manager and head of the Municipal Fixed Income team at Allspring Global Investments. He joined Allspring from its predecessor, Wells Fargo Asset Management (WFAM). Before joining WFAM, he was with Thornburg Investment Management as a portfolio manager and head of the municipal bond group. Earlier positions there include serving as a portfolio manager on seven mutual funds and separately managed accounts with total assets of approximately $10 billion. Prior to Thornburg, Nicholos held a variety of roles focused on municipal credit analysis at Financial Security Assurance/Assured Guaranty, where he began his investment industry career in 2007. He earned a bachelor’s degree in theoretical economics from Trinity University; a master’s degree in applied economics from the University of North Carolina, Greensboro, where he also served as an adjunct professor; and a master’s degree in finance from Syracuse University. He has earned the right to use the Chartered Financial Analyst® (CFA) designation.
Bruce R. Johns Research Analyst and Portfolio Manager 2019 Now
Biography Bruce Johns is a senior portfolio manager for the Municipal Fixed Income team at Allspring Global Investments. In this role, he manages national short to intermediate maturity strategies and certain state-specific mutual funds. Bruce joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to his current role, he served as a front end trader for the team. Before that, Bruce was a senior research analyst at Strong Capital Management, and earlier, he led the Fixed Income Settlements Operations team. He began his investment industry career in 1998. Bruce earned a bachelor’s degree in business and finance from the University of Wisconsin, Parkside. He is a member of the National Federation of Municipal Analysts and the Minnesota Society of Municipal Analysts.
Brandon Pae - 2020 2022
Biography Brandon Pae—Brandon Pae is a portfolio manager and senior analyst for the Allspring Global Investments Holdings, LLC (Allspring Holdings) Municipal Fixed Income team. Prior to joining Allspring Holdings in 2012, Brandon served as a public finance investment banker at Barclays Capital/Lehman Brothers. In this capacity, Brandon was responsible for all aspects of municipal bond origination, including financial modeling, bond structuring, and credit analysis. During his graduate studies, Brandon served as a capital projects analyst at UC Berkeley where he developed an analytical framework for evaluating future debt issuance. Brandon began his investment industry career in 2004 as a financial analyst intern at KNN Public Finance. Brandon earned bachelor’s degrees with honors in economics and political science from the University of California, Berkeley. He also earned a master’s degree in business administration from Haas School of Business at the University of California, Berkeley.
Wendy Casetta Senior Research Analyst 2007 2020
Biography Wendy Casetta is a senior portfolio manager for the Wells Fargo Asset Management (WFAM) Municipal Fixed Income team. She joined Wells Fargo Asset Management (WFAM) from Strong Capital Management where she held a similar position. Prior to joining Strong, Wendy was a fixed income trader and investment associate at Barnett Capital Advisors in Jacksonville, FL. She began her investment industry career in 1993 as a registered representative at the Nicholas Company in Milwaukee, WI. Wendy earned a bachelor’s degree in finance from the University of Wisconsin, Oshkosh, and a master’s degree in business administration from the University of North Florida, Jacksonville.
Lyle Fitterer - 2000 2019
Biography Mr. Fitterer is a Managing Director, Co-Lead of the Municipal Sector on the Baird Advisors team and Senior Portfolio Manager at Baird. He has 35 years of experience in the fixed income market. He began managing taxable fixed income portfolios in 1993 and since 2000 has exclusively managed municipal strategies. He plays a lead role in the formulation and implementation of investment strategy with a major portion of his time allocated to municipal portfolio management and credit research. He obtained his undergraduate degree in Accounting from the University of North Dakota. He earned the Chartered Financial Analyst designation in 1996 and is currently a member of the CFA Institute and the CFA Society of Milwaukee. Prior to joining Baird Advisors, Mr. Fitterer served as the co-head of Global Fixed Income and the head of the Municipal Fixed Income team at Wells Fargo Asset Management.
Steven D. Harrop Portfolio Manager 1995 2000
Biography Harrop is a portfolio manager with Strong Capital Management, his employer since 1991. Previously, he was a portfolio manager with USAA Investment Management Company. Harrop has earned his Chartered Financial Analyst designation.
Thomas J. Conlin Portfolio Manager 1995 1995
Biography Conlin is a portfolio manager with Heartland Advisors, his employer since 1996. Previously, he was managing director of the municipal fixed income department at Strong Capital Management. Prior to joining Strong in 1991, he was with Stein Roe & Farnham in Chicago for 14 years, where he served as both portfolio manager and director of municipal research. Conlin holds the Chartered Financial Analyst and a Chartered Investment Counselor designations.
Greg D. Winston Portfolio Manager 1995 1995
Biography Winston is a portfolio manager with Heartland Advisors, his employer since 1996. Previously, he was with Strong Capital Management in 1988 and became a portfolio manager in 1995.
G. Nolan Smith Analyst 1991 1995
Biography Smith joined Strong/Corneliuson Capital Management in February 1989. Previously, he spent two years as a municipal-bond analyst with USAA Investment Company and three years as a lieutenant in the U.S. Navy. He uses a credit-intensive, top-down investment strategy, emphasizing sector rotation and relative value. Smith is a member of the National Association of Municipal Bond Analysts.
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