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Name

As of 12/19/2024

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

Allspring Short-Term High Income Fund

SSTHX | Fund

$7.86

$1.99 B

5.82%

$0.46

0.90%

Vitals

YTD Return

5.4%

1 yr return

5.5%

3 Yr Avg Return

3.6%

5 Yr Avg Return

3.8%

Net Assets

$1.99 B

Holdings in Top 10

17.3%

52 WEEK LOW AND HIGH

$7.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.90%

SALES FEES

Front Load 3.00%

Deferred Load N/A

TRADING FEES

Turnover 63.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/19/2024

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

Allspring Short-Term High Income Fund

SSTHX | Fund

$7.86

$1.99 B

5.82%

$0.46

0.90%

SSTHX - Profile

Distributions

  • YTD Total Return 5.4%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 3.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.46%
DIVIDENDS
  • Dividend Yield 5.8%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Allspring Short-Term High Income Fund
  • Fund Family Name
    Allspring Funds
  • Inception Date
    Feb 29, 2000
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Schueller

Fund Description

Under normal circumstances, we invest:
■
at least 80% of the Fund’s net assets in below investment-grade corporate debt securities; and
■
up to 25% of the Fund’s total assets in U.S. dollar-denominated debt securities of foreign issuers.
We invest principally in below investment-grade debt securities (often called “high-yield” securities or “junk bonds”) of corporate issuers. These include traditional corporate bonds as well as bank loans. These securities may have fixed, floating or variable rates. As part of our below investment-grade debt securities investment strategy, we will generally invest in securities that are rated BB through CCC by Standard & Poor’s or Ba through Caa by Moody’s, or an equivalent quality rating from another Nationally Recognized Statistical Ratings Organization, or are deemed by us to be of comparable quality.  We may also use credit default swap agreements to reduce cash positions and to cost-effectively increase credit exposure, and futures to manage duration exposure. While we may purchase securities of any maturity, under normal circumstances, we expect the Fund’s dollar-weighted average effective maturity to be three years or less. “Dollar-Weighted Average Effective Maturity” is a measure of the average time until the final payment of principal and interest is due on fixed income securities in the Fund’s portfolio.
We start our investment process with a focus on bottom-up fundamental credit analysis to generate new ideas, to understand the potential risks, to select individual securities that may potentially add value from income and/or capital appreciation. Our credit research may include an assessment of an issuer’s general financial condition, its competitive positioning and management strength, as well as industry characteristics and other factors including an assessment of environmental, social and governance (ESG) factors that are deemed to have material business and/or financial risk. The ESG factors utilized in the fund’s investment process may change over time, some factors may not be relevant with respect to all issuers and may or may not be determinative in the security selection process.  We may sell a security due to changes in credit characteristics or 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.
Read More

SSTHX - Performance

Return Ranking - Trailing

Period SSTHX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -8.0% 17.4% 88.98%
1 Yr 5.5% -8.2% 18.4% 90.95%
3 Yr 3.6%* -14.5% 21.2% 23.95%
5 Yr 3.8%* -11.8% 36.7% 32.26%
10 Yr 3.5%* -4.7% 20.2% 74.94%

* Annualized

Return Ranking - Calendar

Period SSTHX Return Category Return Low Category Return High Rank in Category (%)
2023 1.6% -4.7% 14.3% 95.89%
2022 -6.0% -33.4% 3.6% 1.33%
2021 -0.2% -8.4% 8.2% 59.90%
2020 1.9% -13.2% 302.7% 15.07%
2019 3.2% -4.4% 13.3% 94.72%

Total Return Ranking - Trailing

Period SSTHX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -8.0% 17.4% 88.98%
1 Yr 5.5% -8.2% 18.4% 90.95%
3 Yr 3.6%* -14.5% 21.2% 23.95%
5 Yr 3.8%* -11.8% 36.7% 32.26%
10 Yr 3.5%* -4.7% 20.2% 74.94%

* Annualized

Total Return Ranking - Calendar

Period SSTHX Return Category Return Low Category Return High Rank in Category (%)
2023 7.8% -4.7% 18.7% 93.60%
2022 -1.7% -33.4% 47.8% 2.32%
2021 3.8% -8.4% 12.4% 78.31%
2020 5.7% -9.6% 325.6% 46.10%
2019 7.0% -3.8% 19.4% 95.45%

NAV & Total Return History

SSTHX - Holdings

Concentration Analysis

SSTHX Category Low Category High SSTHX % Rank
Net Assets 1.99 B 3.13 M 25.3 B 27.33%
Number of Holdings 181 2 3879 81.25%
Net Assets in Top 10 335 M -492 M 5.25 B 21.38%
Weighting of Top 10 17.34% 4.2% 146.0% 27.47%

Top 10 Holdings

  1. ALLSPRING GOVERNMENT MONEY MAR 4.33%
  2. CCO Holdings LLC / CCO Holdings Capital Corp 1.76%
  3. Celanese US Holdings LLC 1.55%
  4. Fortress Transportation and Infrastructure Investors LLC 1.51%
  5. American Airlines Inc/AAdvantage Loyalty IP Ltd 1.51%
  6. SSC Technologies Inc 1.43%
  7. Dave Buster's Inc 1.41%
  8. Kinetik Holdings LP 1.32%
  9. OneMain Finance Corp 1.26%
  10. Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp 1.25%

Asset Allocation

Weighting Return Low Return High SSTHX % Rank
Bonds 		94.33% 0.00% 145.36% 56.14%
Cash 		5.13% -52.00% 48.02% 31.74%
Stocks 		0.53% 0.00% 97.54% 41.41%
Convertible Bonds 		0.09% 0.00% 17.89% 93.42%
Preferred Stocks 		0.00% 0.00% 4.97% 89.47%
Other 		0.00% -39.08% 99.86% 81.91%

Stock Sector Breakdown

Weighting Return Low Return High SSTHX % Rank
Utilities 		0.00% 0.00% 100.00% 74.30%
Technology 		0.00% 0.00% 33.17% 74.30%
Real Estate 		0.00% 0.00% 86.71% 71.11%
Industrials 		0.00% 0.00% 93.12% 78.80%
Healthcare 		0.00% 0.00% 22.17% 73.92%
Financial Services 		0.00% 0.00% 100.00% 78.05%
Energy 		0.00% 0.00% 100.00% 90.99%
Communication Services 		0.00% 0.00% 99.99% 0.38%
Consumer Defense 		0.00% 0.00% 100.00% 74.30%
Consumer Cyclical 		0.00% 0.00% 100.00% 77.49%
Basic Materials 		0.00% 0.00% 100.00% 79.74%

Stock Geographic Breakdown

Weighting Return Low Return High SSTHX % Rank
US 		0.53% 0.00% 97.54% 40.46%
Non US 		0.00% -0.01% 0.83% 87.17%

Bond Sector Breakdown

Weighting Return Low Return High SSTHX % Rank
Corporate 		95.76% 0.00% 100.00% 47.28%
Cash & Equivalents 		4.33% 0.00% 48.02% 33.39%
Securitized 		1.04% 0.00% 97.24% 23.39%
Derivative 		0.00% -14.58% 42.26% 75.82%
Municipal 		0.00% 0.00% 1.17% 85.50%
Government 		0.00% 0.00% 99.07% 88.96%

Bond Geographic Breakdown

Weighting Return Low Return High SSTHX % Rank
US 		94.33% 0.00% 126.57% 42.60%
Non US 		0.00% 0.00% 96.91% 90.63%

SSTHX - Expenses

Operational Fees

SSTHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.90% 0.02% 38.33% 56.65%
Management Fee 0.47% 0.00% 1.75% 24.26%
12b-1 Fee 0.00% 0.00% 1.00% 13.95%
Administrative Fee 0.16% 0.00% 0.50% 81.08%

Sales Fees

SSTHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.00% 2.25% 5.75% 90.43%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

SSTHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 63.00% 1.00% 255.00% 47.30%

SSTHX - Distributions

Dividend Yield Analysis

SSTHX Category Low Category High SSTHX % Rank
Dividend Yield 5.82% 0.00% 11.76% 73.04%

Dividend Distribution Analysis

SSTHX Category Low Category High Category Mod
Dividend Distribution Frequency None SemiAnnual Monthly Monthly

Net Income Ratio Analysis

SSTHX Category Low Category High SSTHX % Rank
Net Income Ratio 3.46% -2.39% 9.30% 85.43%

Capital Gain Distribution Analysis

SSTHX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

SSTHX - Fund Manager Analysis

Managers

Michael Schueller

Start Date

Tenure

Tenure Rank

Oct 01, 2007

14.67

14.7%

Michael (Mike) Schueller 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). He joined WFAM as a senior investment research analyst from Strong Capital Management, where he held a similar position. Mike rejoined Strong in 2000, having left the firm to start a trust department for Community Bank & Trust in Sheboygan, Wisconsin. Before that, he served as associate counsel for Strong’s legal department. Prior to this, Mike practiced law with Reinhart, Boerner, Van Deuren, Norris & Rieselbach, S.C., in Milwaukee, specializing in corporate reorganizations, mergers, and acquisitions. He began his investment industry career in 1998. Mike earned a bachelor’s degree in economics from the University of Minnesota and a law degree from the University of Wisconsin, Madison. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.

Christopher Lee

Start Date

Tenure

Tenure Rank

Aug 06, 2020

1.82

1.8%

Chris Lee 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). He also served as head of high-yield trading for the WFAM U.S. High Yield Fixed Income team. Prior to this, he served as a managing director, co-portfolio manager, and head of trading for Silver Lake Credit. Preceding this, he was a senior analyst and portfolio manager for the U.S. High Yield team at WFAM.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.31 8.17

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