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Allspring Strategic Municipal Bond Fund - Class A VMPAX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | VMPAX | Replication |
|---|---|---|
| Annualized growth | 0.7% | 1.3% |
| Annualized volatility | 3.1% | 3.2% |
| Sharpe ratio | 0.25 | 0.41 |
| Maximum drawdown | 7.8% | 8.2% |
| Replication fit (R²) | 0.94 · Tracking error 0.8% | |
Replication portfolio
The published portfolio below is the investable basket used to model VMPAX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 56.3% |
| VGSH | FI · Short Gov | 28.9% |
| BKLN | FI · Senior Bank Loans | 10.5% |
| STIP | FI · Short TIPS | 4.4% |