Allspring Global Long/Short Equity Fund
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.4%
1 yr return
10.7%
3 Yr Avg Return
2.5%
5 Yr Avg Return
3.8%
Net Assets
$489 M
Holdings in Top 10
45.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.74%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 437.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AGAQX - Profile
Distributions
- YTD Total Return 6.4%
- 3 Yr Annualized Total Return 2.5%
- 5 Yr Annualized Total Return 3.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.96%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAllspring Global Long/Short Equity Fund
-
Fund Family NameAllspring Funds
-
Inception DateDec 12, 2014
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Krider
Fund Description
■ | at least 80% of the Fund’s net assets in equity securities; and |
■ | in the securities of companies located in at least three different countries, including the U.S. |
AGAQX - Performance
Return Ranking - Trailing
Period | AGAQX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.4% | -9.5% | 15.1% | 26.79% |
1 Yr | 10.7% | -15.1% | 36.6% | 54.76% |
3 Yr | 2.5%* | -21.1% | 27.0% | 57.43% |
5 Yr | 3.8%* | -4.6% | 25.5% | 68.89% |
10 Yr | N/A* | -4.0% | 9.9% | N/A |
* Annualized
Return Ranking - Calendar
Period | AGAQX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.1% | -17.3% | 43.8% | 75.00% |
2022 | -8.2% | -54.0% | 17.4% | 36.60% |
2021 | 13.2% | -40.0% | 54.1% | 31.97% |
2020 | -1.2% | -47.6% | 88.4% | 78.01% |
2019 | 8.1% | -20.3% | 62.6% | 57.14% |
Total Return Ranking - Trailing
Period | AGAQX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.4% | -9.5% | 15.1% | 26.79% |
1 Yr | 10.7% | -15.1% | 36.6% | 54.76% |
3 Yr | 2.5%* | -21.1% | 27.0% | 57.43% |
5 Yr | 3.8%* | -4.6% | 25.5% | 68.89% |
10 Yr | N/A* | -4.0% | 9.9% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | AGAQX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.8% | -14.5% | 43.8% | 89.29% |
2022 | -7.9% | -54.0% | 50.3% | 52.94% |
2021 | 16.6% | -40.0% | 61.6% | 37.41% |
2020 | -1.2% | -29.9% | 91.0% | 83.69% |
2019 | 11.4% | -17.9% | 79.4% | 51.13% |
NAV & Total Return History
AGAQX - Holdings
Concentration Analysis
AGAQX | Category Low | Category High | AGAQX % Rank | |
---|---|---|---|---|
Net Assets | 489 M | 1.08 M | 6.67 B | 18.93% |
Number of Holdings | 240 | 3 | 1788 | 22.29% |
Net Assets in Top 10 | 222 M | 474 K | 2.09 B | 21.08% |
Weighting of Top 10 | 45.92% | 0.4% | 182.8% | 50.60% |
Top 10 Holdings
- SOCIETE GENERALE PB USD 17.41%
- ALLSPRING GOVERNMENT MONEY MAR 11.41%
- FedEx Corp 2.37%
- Kimberly-Clark Corp 2.34%
- NVIDIA Corp 2.15%
- Cisco Systems Inc 2.09%
- Altria Group Inc 2.08%
- Alphabet Inc 2.07%
- Chubu Electric Power Co Inc 2.01%
- CVS Health Corp 2.00%
Asset Allocation
Weighting | Return Low | Return High | AGAQX % Rank | |
---|---|---|---|---|
Stocks | 71.18% | 0.00% | 102.24% | 41.57% |
Cash | 28.82% | 0.00% | 102.08% | 45.18% |
Preferred Stocks | 0.06% | 0.00% | 8.29% | 12.05% |
Other | 0.00% | -45.12% | 99.51% | 65.66% |
Convertible Bonds | 0.00% | -0.02% | 4.48% | 90.63% |
Bonds | 0.00% | 0.00% | 178.67% | 92.77% |
Stock Sector Breakdown
Weighting | Return Low | Return High | AGAQX % Rank | |
---|---|---|---|---|
Technology | 18.21% | 0.00% | 43.24% | 50.36% |
Industrials | 13.12% | 0.00% | 31.93% | 32.37% |
Consumer Cyclical | 12.30% | 0.00% | 88.83% | 25.18% |
Consumer Defense | 11.69% | 0.00% | 33.38% | 13.67% |
Healthcare | 11.47% | 0.00% | 100.00% | 72.66% |
Communication Services | 7.66% | 0.00% | 32.32% | 37.41% |
Real Estate | 6.21% | 0.00% | 10.93% | 16.55% |
Financial Services | 5.88% | 0.00% | 83.83% | 87.05% |
Basic Materials | 5.85% | 0.00% | 28.58% | 18.71% |
Utilities | 5.02% | 0.00% | 21.71% | 17.27% |
Energy | 2.61% | 0.00% | 32.57% | 63.31% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | AGAQX % Rank | |
---|---|---|---|---|
US | 50.38% | 0.00% | 102.24% | 65.66% |
Non US | 20.80% | -3.09% | 67.69% | 7.23% |
AGAQX - Expenses
Operational Fees
AGAQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.74% | 0.42% | 8.51% | 25.44% |
Management Fee | 1.25% | 0.00% | 2.50% | 63.31% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 64.89% |
Administrative Fee | N/A | 0.03% | 1.54% | 45.10% |
Sales Fees
AGAQX 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
AGAQX 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.
AGAQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 437.00% | 0.00% | 479.00% | 97.73% |
AGAQX - Distributions
Dividend Yield Analysis
AGAQX | Category Low | Category High | AGAQX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 27.60% | 32.74% |
Dividend Distribution Analysis
AGAQX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annual |
Net Income Ratio Analysis
AGAQX | Category Low | Category High | AGAQX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.96% | -3.33% | 2.16% | 59.88% |
Capital Gain Distribution Analysis
AGAQX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.304 | OrdinaryDividend |
Dec 29, 2022 | $0.037 | OrdinaryDividend |
Dec 09, 2019 | $0.334 | OrdinaryDividend |
Dec 05, 2017 | $0.018 | OrdinaryDividend |
Dec 05, 2016 | $0.033 | OrdinaryDividend |
AGAQX - Fund Manager Analysis
Managers
David Krider
Start Date
Tenure
Tenure Rank
Dec 12, 2014
7.47
7.5%
David Krider is a portfolio manager for the Systematic Edge team at Allspring Global Investments. He is responsible for the ongoing research and development of global equity-based investment strategies as well as the day-to-day trading of global portfolios. David joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to WFAM, David was founder and chief technology officer of Visualize, Inc., a firm that specializes in financial visualization and analytic software. He was a research associate at First Quadrant before leaving to start his own firm. David earned a bachelor’s degree in economics and computer science from the California Institute of Technology. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Harindra de Silva
Start Date
Tenure
Tenure Rank
Dec 12, 2014
7.47
7.5%
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
Dec 12, 2014
7.47
7.5%
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 | 6.07 | 7.93 |