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Trending ETFs

Name

As of 03/26/2024

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

$9.68

$242 M

5.58%

$0.54

0.81%

Vitals

YTD Return

2.5%

1 yr return

12.7%

3 Yr Avg Return

1.5%

5 Yr Avg Return

5.2%

Net Assets

$242 M

Holdings in Top 10

79.2%

52 WEEK LOW AND HIGH

$9.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.81%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 152.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

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

$9.68

$242 M

5.58%

$0.54

0.81%

WMBZX - Profile

Distributions

  • YTD Total Return 2.5%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 5.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.39%
DIVIDENDS
  • Dividend Yield 5.6%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Allspring Spectrum Conservative Growth Fund
  • Fund Family Name
    Allspring Funds
  • Inception Date
    Jul 31, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kandarp Acharya

Fund Description

The Fund is a fund-of-funds that invests in various affiliated and unaffiliated mutual funds and exchange-traded funds (“Underlying Funds”) to pursue its investment objective. We seek to achieve the Fund’s investment objective by allocating up to 40% of its assets to stock funds, up to 60% of its assets to bond funds, up to 25% of its assets to inflation sensitive funds and up to 15% of its assets to alternative investment funds. The Fund’s broad diversification helps to reduce the overall impact of any one asset class underperforming, but may also limit upside potential.
The Fund’s “neutral” target allocation is as follows:
28% of the Fund’s total assets in stock funds;
54% of the Fund’s total assets in bond funds;
14% of the Fund’s total assets in inflation sensitive funds; and
4% of the Fund’s total assets in alternative investment funds.
We may adjust the Fund’s target allocation throughout the year.
The Fund is a diversified portfolio of bond, stock, inflation sensitive and alternative investment strategy funds, with an emphasis on bonds. Bond holdings may be diversified across a wide range of bond fund styles that consist of short- to long-term income-producing securities, including U.S. Government obligations, corporate bonds, below investment-grade bonds, and foreign issues. Stock holdings may be diversified across a wide range of stock fund styles, including large company, small company and international. Inflation sensitive holdings are allocated across funds with investment strategies commonly used to protect against the effects of inflation, which may include, but are not limited to, investments in inflation protected bonds, commodities, natural resources, precious metals, or real estate. Alternative investment holdings are allocated across funds that use alternative investment strategies, which may include, but are not limited to, risk premia, managed futures, merger arbitrage, global multi-asset, long-short, market neutral, or other tactical investment strategies. An Underlying Fund that is considered an “inflation sensitive fund” or “alternative investment fund” may hold equity and/or fixed income securities as part of its underlying portfolio holdings. We consider the Underlying Fund’s overall strategy in determining whether it is a “stock fund,” “bond fund,” “inflation sensitive fund,” or “alternative investment fund” for purposes of making investments consistent with the Fund’s target allocations.
We employ both quantitative analysis and qualitative judgments in making tactical allocations among asset classes. Quantitative analysis involves the use of proprietary asset allocation models, which employ various valuation techniques. Qualitative judgments are made based on assessments of a number of factors, including economic conditions, corporate earnings, monetary policy, market valuations, investor sentiment, and market technicals. Changes to effective allocations in the Fund may be implemented with index futures contracts or by buying and selling Underlying Funds, or both.
The Fund incorporates a derivatives overlay strategy that contains three specific risk management components: 1.) Tactical Asset Allocation (TAA) Overlay, 2.) Volatility Management Overlay (VMO), and 3.) Tail Risk Management (TRM). Together these strategies will allow the Fund to attempt to manage short-term volatility, mitigate risk and/or improve returns under certain market conditions. To execute this overlay strategy, the Fund invests in long and/or short positions in exchange-traded futures contracts across a variety of asset classes, which include, but are not limited to, stocks, bonds, and currencies.
Portfolio Asset Allocation
The following table provides the Fund’s neutral allocation and  target ranges.
Asset Class
Neutral Allocation
Range1
Stock Funds
28%
20% to 40%
Bond Funds
54%
40% to 60%
Inflation Sensitive Funds
14%
5% to 25%
Alternative Investment Funds
4%
0% to 15%
Tactical Asset Allocation Overlay
0%
-10% to 10%
Volatility Management Overlay
0%
-10% to 10%
Tail Risk Management
0%
-60% to 0%
Read More

WMBZX - Performance

Return Ranking - Trailing

Period WMBZX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -0.2% 16.0% 42.42%
1 Yr 12.7% 2.2% 40.0% 15.15%
3 Yr 1.5%* -13.8% 8.4% 40.53%
5 Yr 5.2%* -4.6% 8.2% 22.05%
10 Yr N/A* 0.0% 7.5% 49.86%

* Annualized

Return Ranking - Calendar

Period WMBZX Return Category Return Low Category Return High Rank in Category (%)
2023 6.4% -1.3% 27.4% 52.34%
2022 -19.7% -35.0% -7.4% 82.27%
2021 -1.8% -11.5% 14.6% 90.56%
2020 4.7% -10.3% 40.7% 53.71%
2019 11.0% -9.5% 22.1% 34.47%

Total Return Ranking - Trailing

Period WMBZX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -0.2% 16.0% 42.42%
1 Yr 12.7% 2.2% 40.0% 15.15%
3 Yr 1.5%* -13.8% 8.4% 40.53%
5 Yr 5.2%* -4.6% 8.2% 22.05%
10 Yr N/A* 0.0% 7.5% 48.23%

* Annualized

Total Return Ranking - Calendar

Period WMBZX Return Category Return Low Category Return High Rank in Category (%)
2023 10.6% -1.3% 28.2% 41.82%
2022 -14.2% -35.0% -3.1% 70.69%
2021 8.9% -11.5% 32.0% 28.09%
2020 13.4% -5.4% 40.7% 5.37%
2019 14.9% 4.5% 27.7% 53.68%

NAV & Total Return History


WMBZX - Holdings

Concentration Analysis

WMBZX Category Low Category High WMBZX % Rank
Net Assets 242 M 218 K 51.5 B 73.09%
Number of Holdings 42 3 5294 40.70%
Net Assets in Top 10 192 M 243 K 9.52 B 59.30%
Weighting of Top 10 79.18% 7.5% 127.7% 46.48%

Top 10 Holdings

  1. Allspring Bloomberg US Aggregate ex-Corporate Portfolio 13.09%
  2. Allspring Real Return Portfolio 11.98%
  3. Allspring Income Plus Fund 11.32%
  4. ALLSPRING CORE BOND PORTFOLIO 9.59%
  5. Allspring Disciplined Large Cap Portfolio 6.94%
  6. Allspring High Yield Bond Fund 6.91%
  7. Allspring Factor Enhanced International Equity Portfolio 5.75%
  8. iShares Core SP 500 ETF 5.38%
  9. Allspring Diversified Income Builder Fund 4.67%
  10. Allspring Alternative Risk Premia Fund 3.55%

Asset Allocation

Weighting Return Low Return High WMBZX % Rank
Stocks
98.06% 0.00% 102.36% 42.69%
Cash
2.01% -35.68% 37.58% 37.67%
Convertible Bonds
0.75% 0.00% 71.77% 57.75%
Preferred Stocks
0.00% 0.00% 21.95% 84.42%
Bonds
0.00% 0.00% 81.41% 89.33%
Other
-0.07% -0.44% 63.55% 91.86%

Stock Sector Breakdown

Weighting Return Low Return High WMBZX % Rank
Technology
19.53% 0.22% 27.92% 31.91%
Financial Services
14.78% 0.00% 83.50% 49.65%
Healthcare
12.66% 0.00% 24.25% 65.25%
Consumer Cyclical
11.25% 0.00% 14.20% 25.53%
Industrials
10.63% 0.14% 17.90% 44.68%
Consumer Defense
7.69% 0.00% 18.62% 38.53%
Communication Services
6.98% 0.00% 11.11% 45.86%
Energy
4.84% 0.00% 62.93% 56.26%
Real Estate
4.82% 0.00% 43.16% 53.90%
Basic Materials
4.41% 0.00% 32.82% 42.08%
Utilities
2.42% 0.00% 48.33% 82.98%

Stock Geographic Breakdown

Weighting Return Low Return High WMBZX % Rank
US
98.06% 0.00% 102.36% 42.79%
Non US
0.00% 0.00% 22.63% 86.05%

WMBZX - Expenses

Operational Fees

WMBZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.06% 7.81% 59.16%
Management Fee 0.25% 0.00% 1.25% 52.56%
12b-1 Fee 0.00% 0.00% 1.00% 7.82%
Administrative Fee N/A 0.01% 0.70% 52.69%

Sales Fees

WMBZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

WMBZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

WMBZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 152.00% 2.00% 380.00% 94.70%

WMBZX - Distributions

Dividend Yield Analysis

WMBZX Category Low Category High WMBZX % Rank
Dividend Yield 5.58% 0.00% 7.77% 40.60%

Dividend Distribution Analysis

WMBZX Category Low Category High Category Mod
Dividend Distribution Frequency None Semi-Annually Monthly Monthly

Net Income Ratio Analysis

WMBZX Category Low Category High WMBZX % Rank
Net Income Ratio 1.39% -1.22% 6.83% 68.71%

Capital Gain Distribution Analysis

WMBZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

View More +

WMBZX - Fund Manager Analysis

Managers

Kandarp Acharya


Start Date

Tenure

Tenure Rank

Sep 30, 2013

8.67

8.7%

Mr. Acharya joined Wells Capital Management in 2013, where he currently serves as a Senior Portfolio Manager. Prior to joining Wells Capital Management, Mr. Acharya led the Advanced Analytics and Quantitative Research Group at Wells Fargo Wealth Management, where he also led the development and implementation of quantitative tactical allocation models as a member of the firm’s Asset Allocation Committee.

Travis Keshemberg


Start Date

Tenure

Tenure Rank

Oct 26, 2018

3.6

3.6%

Travis L. Keshemberg, CFA, CIP, FRM Mr. Keshemberg joined Allspring Investments in 2016, where he currently serves as a Portfolio Manager for the Multi-Asset Solutions team. Prior to joining Allspring Investments, Mr. Keshemberg was a Director of Research at Allspring Funds Management, LLC.

Petros Bocray


Start Date

Tenure

Tenure Rank

Mar 24, 2022

0.19

0.2%

Mr. Bocray is a portfolio manager on the Quantitative Strategies team at Wells Capital All Portfolios Management. In this role, Mr. Bocray serves as co-manager on several of the team's portfolios and conducts research supporting the quantitative models and investment strategies. Prior to joining the team in March 2006, Mr. Bocray worked as a portfolio manager for the Wells Fargo Wealth Management Group, where he managed private client accounts with a focus on portfolio construction and asset allocation. Education: Bachelor of Economics, College of Charleston, Charleston, South Carolina.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.73 6.44 2.41