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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

$9.61

$521 M

3.37%

$0.32

0.58%

Vitals

YTD Return

-0.9%

1 yr return

0.6%

3 Yr Avg Return

-3.3%

5 Yr Avg Return

-0.3%

Net Assets

$521 M

Holdings in Top 10

27.0%

52 WEEK LOW AND HIGH

$9.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.58%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 221.00%

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

$9.61

$521 M

3.37%

$0.32

0.58%

SGVIX - Profile

Distributions

  • YTD Total Return -0.9%
  • 3 Yr Annualized Total Return -3.3%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.36%
DIVIDENDS
  • Dividend Yield 3.4%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Allspring Government Securities Fund
  • Fund Family Name
    Allspring Funds
  • Inception Date
    Aug 31, 1999
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher Kauffman

Fund Description

Under normal circumstances, we invest:
at least 80% of the Fund’s net assets in U.S. Government obligations and repurchase agreements collateralized by U.S. Government obligations; and
up to 20% of the Fund’s net assets in non-government investment-grade debt securities.
We invest principally in U.S. Government obligations, including debt securities issued or guaranteed by the U.S. Treasury, U.S. Government agencies or government-sponsored entities. These securities may have fixed, floating or variable rates and also include mortgage-backed securities. As part of our mortgage-backed securities investment strategy, we may enter into dollar rolls. We may also use futures for duration and yield curve management.
We employ a top-down, macroeconomic outlook to determine the portfolio’s duration, yield curve positioning and sector allocation. Macroeconomic factors considered may include, among others, the pace of economic growth, employment conditions, inflation, monetary and fiscal policy, as well as the influence of international economic and financial conditions. In combination with our top-down, macroeconomic approach, we employ a bottom-up process of fundamental securities analysis to select the specific securities for investment. Elements of this evaluation may include duration measurements, historical yield spread relationships, volatility trends, mortgage refinance rates, as well as other factors. We may sell a security due to changes in our outlook, as well as changes in portfolio strategy or cash flow needs. A security may also be sold and replaced with one that presents a better value or risk/reward profile.
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SGVIX - Performance

Return Ranking - Trailing

Period SGVIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.9% -2.1% 9.6% 27.75%
1 Yr 0.6% -2.8% 36.8% 77.53%
3 Yr -3.3%* -7.8% 11.7% 63.72%
5 Yr -0.3%* -5.4% 3.4% 32.24%
10 Yr 1.0%* -1.9% 3.4% 24.70%

* Annualized

Return Ranking - Calendar

Period SGVIX Return Category Return Low Category Return High Rank in Category (%)
2023 1.0% -1.0% 22.1% 59.65%
2022 -14.5% -20.4% -5.8% 77.53%
2021 -2.8% -7.1% 16.6% 37.39%
2020 4.9% -1.3% 8.8% 20.93%
2019 3.7% 0.3% 7.1% 33.49%

Total Return Ranking - Trailing

Period SGVIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.9% -2.1% 9.6% 27.75%
1 Yr 0.6% -2.8% 36.8% 77.53%
3 Yr -3.3%* -7.8% 11.7% 63.72%
5 Yr -0.3%* -5.4% 3.4% 32.24%
10 Yr 1.0%* -1.9% 3.4% 24.70%

* Annualized

Total Return Ranking - Calendar

Period SGVIX Return Category Return Low Category Return High Rank in Category (%)
2023 4.5% -0.5% 28.8% 34.65%
2022 -12.8% -18.5% -3.3% 79.74%
2021 -1.3% -4.5% 25.3% 37.39%
2020 7.0% -1.3% 13.0% 29.30%
2019 6.7% 1.8% 11.3% 8.96%

NAV & Total Return History


SGVIX - Holdings

Concentration Analysis

SGVIX Category Low Category High SGVIX % Rank
Net Assets 521 M 9.79 M 113 B 67.54%
Number of Holdings 335 18 12861 62.28%
Net Assets in Top 10 138 M 5.49 M 43.7 B 67.11%
Weighting of Top 10 26.95% 6.3% 115.2% 75.88%

Top 10 Holdings

  1. ALLSPRING GOVERNMENT MONEY MAR 4.14%
  2. United States Treasury Note/Bond 3.80%
  3. Israel Government AID Bond 3.09%
  4. Fannie Mae Pool 2.82%
  5. Resolution Funding Corp Principal Strip 2.37%
  6. United States Treasury Note/Bond 2.33%
  7. Fannie Mae Pool 2.29%
  8. United States Treasury Bill 2.15%
  9. Fannie Mae Pool 1.99%
  10. Freddie Mac Pool 1.98%

Asset Allocation

Weighting Return Low Return High SGVIX % Rank
Bonds
94.08% 0.08% 167.02% 89.91%
Cash
6.29% -29.69% 22.63% 26.75%
Other
0.95% -26.81% 18.17% 41.67%
Stocks
0.00% 0.00% 96.75% 85.96%
Preferred Stocks
0.00% 0.00% 0.10% 84.21%
Convertible Bonds
0.00% 0.00% 3.29% 84.21%

Bond Sector Breakdown

Weighting Return Low Return High SGVIX % Rank
Securitized
50.80% 0.00% 99.79% 47.81%
Government
41.23% 0.00% 100.00% 45.18%
Cash & Equivalents
6.29% -29.63% 33.75% 30.70%
Corporate
1.58% 0.00% 9.48% 7.89%
Derivative
0.16% -20.68% 6.72% 27.63%
Municipal
0.00% 0.00% 5.24% 87.72%

Bond Geographic Breakdown

Weighting Return Low Return High SGVIX % Rank
US
94.08% 0.08% 167.02% 89.91%
Non US
0.00% 0.00% 12.01% 84.21%

SGVIX - Expenses

Operational Fees

SGVIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.58% 0.03% 3.55% 59.47%
Management Fee 0.45% 0.00% 0.85% 73.68%
12b-1 Fee 0.00% 0.00% 1.00% 11.21%
Administrative Fee 0.08% 0.01% 0.45% 60.38%

Sales Fees

SGVIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.50% N/A
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

SGVIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

SGVIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 221.00% 3.35% 948.00% 56.94%

SGVIX - Distributions

Dividend Yield Analysis

SGVIX Category Low Category High SGVIX % Rank
Dividend Yield 3.37% 0.00% 4.67% 51.75%

Dividend Distribution Analysis

SGVIX Category Low Category High Category Mod
Dividend Distribution Frequency None Quarterly Monthly Monthly

Net Income Ratio Analysis

SGVIX Category Low Category High SGVIX % Rank
Net Income Ratio 1.36% -0.80% 2.96% 10.13%

Capital Gain Distribution Analysis

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

Distributions History

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SGVIX - Fund Manager Analysis

Managers

Christopher Kauffman


Start Date

Tenure

Tenure Rank

Oct 01, 2010

11.67

11.7%

Christopher Kauffman is a senior portfolio manager for the Plus Fixed Income team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Christopher joined WFAM from Tattersall Advisory Group, where he served in a similar role. Before that, he was an investment officer for NISA Investment Advisors, where he was responsible for MBS analysis, risk assessment, and trading. He began his investment industry career in 1997. Christopher earned a bachelor’s degree in finance and economics and a master’s degree in business administration with an emphasis in finance from Washington University in St. Louis. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation and is a member of CFA Institute.

Michal Stanczyk


Start Date

Tenure

Tenure Rank

May 23, 2017

5.02

5.0%

Michal Stanczyk is a portfolio manager and research analyst for the Plus Fixed Income team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to joining WFAM, Michal worked for Wells Fargo within the Wholesale Leadership Pipeline Program. He began his investment industry in 2006. Michal earned a bachelor’s degree in economics from Indiana Wesleyan University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.39 7.35