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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.20

$22.6 M

0.00%

$0.00

3.37%

Vitals

YTD Return

7.6%

1 yr return

11.7%

3 Yr Avg Return

9.8%

5 Yr Avg Return

6.7%

Net Assets

$22.6 M

Holdings in Top 10

49.1%

52 WEEK LOW AND HIGH

$8.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 3.37%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 479.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$2,500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.20

$22.6 M

0.00%

$0.00

3.37%

ADMZX - Profile

Distributions

  • YTD Total Return 7.6%
  • 3 Yr Annualized Total Return 9.8%
  • 5 Yr Annualized Total Return 6.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.05%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Allspring U.S. Long/Short Equity Fund
  • Fund Family Name
    Allspring Funds
  • Inception Date
    Mar 31, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ryan Brown

Fund Description

Under normal circumstances, we invest:
at least 80% of the Fund’s net assets in U.S. equity securities.
We invest principally in equity securities such as common stocks, warrants and rights of U.S. issuers of any market capitalization. The Fund employs a strategy of taking long and short positions in equity securities publicly traded in the U.S. The Fund buys securities “long” that the Fund’s portfolio manager believes will outperform the equity market and sells securities “short” that the portfolio manager believes will underperform the equity market. The Fund’s long-short exposure will vary over time based on the portfolio managers assessments of market conditions and other factors. In general, the portfolio of the Fund will not be more than 100% long or short on a net basis. The Fund’s strategy seeks to provide favorable performance while seeking to reduce certain risks relative to a portfolio comprised of only long positions in the same or substantially similar securities, but there can be no guarantee that its strategy will be successful in this regard. We incorporate ESG ratings as a stock specific risk control, where companies with poor ratings will receive a higher amount of forecasted volatility than those with favorable ESG ratings.
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ADMZX - Performance

Return Ranking - Trailing

Period ADMZX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.6% -10.3% 17.3% 33.33%
1 Yr 11.7% -13.1% 44.0% 64.91%
3 Yr 9.8%* -21.2% 30.6% 13.91%
5 Yr 6.7%* -4.2% 25.2% 51.45%
10 Yr N/A* -4.2% 9.9% N/A

* Annualized

Return Ranking - Calendar

Period ADMZX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% -17.3% 43.8% 77.19%
2022 -15.7% -54.0% 17.4% 73.72%
2021 -12.4% -40.0% 54.1% 94.67%
2020 0.1% -47.6% 88.4% 63.19%
2019 7.8% -20.3% 62.6% 61.03%

Total Return Ranking - Trailing

Period ADMZX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.6% -10.3% 17.3% 33.33%
1 Yr 11.7% -13.1% 44.0% 64.91%
3 Yr 9.8%* -21.2% 30.6% 13.91%
5 Yr 6.7%* -4.2% 25.2% 51.45%
10 Yr N/A* -4.2% 9.9% N/A

* Annualized

Total Return Ranking - Calendar

Period ADMZX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% -14.5% 43.8% 92.98%
2022 -2.6% -54.0% 50.3% 28.21%
2021 23.1% -40.0% 61.6% 21.33%
2020 4.4% -29.9% 91.0% 52.08%
2019 12.2% -17.9% 79.4% 46.32%

NAV & Total Return History


ADMZX - Holdings

Concentration Analysis

ADMZX Category Low Category High ADMZX % Rank
Net Assets 22.6 M 1.04 M 6.15 B 88.95%
Number of Holdings 354 2 1788 15.98%
Net Assets in Top 10 10.5 M 474 K 1.98 B 85.80%
Weighting of Top 10 49.07% 0.4% 101.9% 43.20%

Top 10 Holdings

  1. SOCIETE GENERALE PB USD 23.68%
  2. ALLSPRING GOVERNMENT MONEY MAR 6.80%
  3. Procter Gamble Co/The 3.54%
  4. Microsoft Corp 2.79%
  5. Gilead Sciences Inc 2.62%
  6. Apple Inc 2.43%
  7. Cognizant Technology Solutions Corp 1.97%
  8. QUALCOMM Inc 1.89%
  9. Costco Wholesale Corp 1.77%
  10. Juniper Networks Inc 1.59%

Asset Allocation

Weighting Return Low Return High ADMZX % Rank
Stocks
68.90% 0.00% 102.24% 48.52%
Cash
31.10% 0.00% 102.08% 37.28%
Preferred Stocks
0.00% 0.00% 8.72% 94.67%
Other
0.00% -45.12% 99.51% 68.05%
Convertible Bonds
0.00% -0.02% 4.48% 89.57%
Bonds
0.00% 0.00% 95.60% 92.31%

Stock Sector Breakdown

Weighting Return Low Return High ADMZX % Rank
Healthcare
26.43% 0.00% 100.00% 9.86%
Technology
26.19% 0.00% 43.24% 10.56%
Consumer Defense
10.14% 0.00% 33.38% 16.90%
Industrials
7.20% 0.00% 31.93% 76.76%
Real Estate
6.83% 0.00% 10.93% 7.75%
Communication Services
6.15% 0.00% 32.32% 64.79%
Consumer Cyclical
5.59% 0.00% 88.83% 86.62%
Financial Services
5.17% 0.00% 83.83% 90.14%
Energy
2.74% 0.00% 32.57% 59.86%
Utilities
1.92% 0.00% 21.71% 54.93%
Basic Materials
1.63% 0.00% 28.58% 78.17%

Stock Geographic Breakdown

Weighting Return Low Return High ADMZX % Rank
US
68.90% 0.00% 102.24% 42.60%
Non US
0.00% -3.09% 67.69% 94.67%

ADMZX - Expenses

Operational Fees

ADMZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.37% 0.42% 8.51% 8.72%
Management Fee 1.10% 0.00% 2.50% 42.44%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 1.54% 43.14%

Sales Fees

ADMZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

ADMZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ADMZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 479.00% 0.00% 479.00% 100.00%

ADMZX - Distributions

Dividend Yield Analysis

ADMZX Category Low Category High ADMZX % Rank
Dividend Yield 0.00% 0.00% 26.99% 98.83%

Dividend Distribution Analysis

ADMZX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Quarterly Annual

Net Income Ratio Analysis

ADMZX Category Low Category High ADMZX % Rank
Net Income Ratio -1.05% -3.33% 2.16% 62.94%

Capital Gain Distribution Analysis

ADMZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

ADMZX - Fund Manager Analysis

Managers

Ryan Brown


Start Date

Tenure

Tenure Rank

Mar 31, 2016

6.17

6.2%

Ryan Brown is a portfolio manager for the Systematic Edge team at Allspring Global Investments. He is responsible for the day-to-day portfolio management and trading for U.S. equity-based investment strategies and contributes to the ongoing research efforts of these strategies. Ryan joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to WFAM, Ryan worked for Beekman Capital Management, where he was responsible for selecting stocks within the financial services sector. Ryan earned a bachelor’s degree in economics from Brigham Young University and a master’s degree in finance from the University of Utah. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.

Harindra de Silva


Start Date

Tenure

Tenure Rank

Mar 31, 2016

6.17

6.2%

Harindra (Harin) de Silva is a portfolio manager for the Systematic Edge team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Before WFAM, Harin was a principal at Analysis Group, Inc., where he was responsible for providing economic research services to institutional investors, including investment managers, large pension funds, and endowments. He focuses on the ongoing research effort for equity and factor-based asset allocation strategies. Harin earned a bachelor’s degree in mechanical engineering from the University of Manchester Institute of Science and Technology, a master’s degree in business administration with an emphasis in finance, a master’s degree in econometrics from the University of Rochester, and a Ph.D. in finance from the University of California, Irvine. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.

Dennis Bein


Start Date

Tenure

Tenure Rank

Mar 31, 2016

6.17

6.2%

Dennis Bein is a portfolio manager for the Systematic Edge team at Allspring Global Investments. In this role, he focuses on the day-to-day portfolio management and research related to equity-based investment strategies. Dennis joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to joining Systematic Edge, Dennis was a senior consultant for Analysis Group, Inc., where he provided investment consulting services for institutional investors and plan sponsors. He earned a bachelor’s degree in business administration and a master’s degree in business administration with an emphasis in finance from the University of California, Riverside. Dennis has earned the right to use the Chartered Financial Analyst® (CFA®) designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 23.55 6.05 7.93