Ultra Short-term is trading at 9.65 as of the 28th of November 2024; that is 0.10 percent up since the beginning of the trading day. The fund's open price was 9.64. Ultra Short-term has less than a 19 % chance of experiencing some financial distress in the next two years of operation and had a ok performance during the last 90 days. Equity ratings for Ultra Short Term Municipal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of August 2024 and ending today, the 28th of November 2024. Click here to learn more.
The fund normally invests at least 80 percent of the funds net assets in municipal securities whose interest is exempt from federal income tax, but not necessarily federal alternative minimum tax . It invests up to 20 percent of the funds total assets in securities whose interest is subject to federal AMT. More on Ultra Short Term Municipal
Ultra Short Term Municipal [SMAIX] is traded in USA and was established 28th of November 2024. Ultra Short-term is listed under Allspring Global Investments category by Fama And French industry classification. The fund is listed under Muni National Short category and is part of Allspring Global Investments family. This fund at this time has accumulated 844 M in assets with minimum initial investment of 1000 K. Ultra Short Term is currently producing year-to-date (YTD) return of 3.43% with the current yeild of 0.01%, while the total return for the last 3 years was 2.16%.
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Instrument Allocation
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Other Information on Investing in Ultra Mutual Fund
Ultra Short-term financial ratios help investors to determine whether Ultra Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ultra with respect to the benefits of owning Ultra Short-term security.