AUSM ETF — Allspring Ultra Short Municipal ETF

Allspring Ultra Short Municipal ETF (AUSM)

Updated October 16, 2026.

AUSM is a low-cost ETF. its distribution rate is 2.70%, its trailing-12-month yield is 2.77%, its expense ratio is 0.18%. Dividend Vision Distribution Safety Score™ is 82/100 (Safe). Total return is 3.0% over the past 1.3 years, 21.7 points behind SPY at 24.7%.

Allspring Ultra Short Municipal ETF is an ETF that invests primarily in short-term municipal securities whose interest is exempt from federal income tax, with a small allocation permitted to taxable municipals and below-investment-grade bonds. The fund distributes monthly income at a modest current distribution rate and carries an expense ratio of 0.18%. It appeals to investors seeking tax-advantaged income from municipal bonds with minimal interest-rate risk.

AUSM performance versus SPY

Price and return data through 2026-10-16.

Total return is 3.0% over the past 1.3 years, 21.7 points behind SPY at 24.7%. Its deepest 1-year drawdown was 0.9%.

AUSM key facts

Distribution Safety Score™

82 · Safe

Safety-Adjusted Yield

2.21%

Issuer

Allspring Global Investments

Asset type

ETF

Asset class

Fixed Income

Inception date

07/07/2025

Expense ratio

0.18%

Distribution rate

2.70%

Distribution frequency

Monthly

Trailing yield

2.77%

Last close

$24.93 (as of 2026-10-16)

AUM

$32,801,510

Average volume

265.0

Dividend

$0.056

Ex-dividend date

09/24/2026

Payment date

09/28/2026

Beta

0.0024

How Dividend Vision calculates yield and returns

Distribution rate (2.70%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.77%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Allspring Global Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

AUSM risks and drawbacks

AUSM's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 0.9%.

Who may consider AUSM — and who may not

AUSM may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on AUSM

• All tickers starting with A

Tagged: Fixed Income.

Frequently asked questions

More securities from Allspring Global Investments.