Allspring Launches Three Fixed Income ETF Share Classes (AHIC, ASTM, AHYM)

Allspring Global Investments has launched ETF share classes for three existing mutual funds on Nasdaq, becoming one of the first asset managers to adopt the structure. The Allspring Short-Term High Income Fund ETF Class (AHIC) targets income from below-investment-grade corporate bonds with an average effective maturity of three years or less. The Allspring Strategic Municipal Bond Fund ETF Class (ASTM) invests in diversified municipal securities to generate tax-free income, while the Allspring High Yield Municipal Bond Fund ETF Class (AHYM) targets higher income and capital appreciation through municipal bonds, primarily rated BBB or lower. The structure allows ETF and mutual fund investors to access the same underlying portfolios while potentially improving tax efficiency. Allspring plans two additional equity ETF share classes later in 2026, with further launches expected in 2027.