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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$7.84

$1.04 B

4.85%

$0.38

0.82%

Vitals

YTD Return

1.4%

1 yr return

-3.3%

3 Yr Avg Return

-1.0%

5 Yr Avg Return

-0.5%

Net Assets

$1.04 B

Holdings in Top 10

17.8%

52 WEEK LOW AND HIGH

$7.8
$7.58
$8.14

Expenses

OPERATING FEES

Expense Ratio 0.82%

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

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$7.84

$1.04 B

4.85%

$0.38

0.82%

SSTHX - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.46%
DIVIDENDS
  • Dividend Yield 4.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Allspring Short-Term High Yield Bond Fund
  • Fund Family Name
    Allspring Global Investments
  • Inception Date
    Feb 29, 2000
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • 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. 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.
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SSTHX - Performance

Return Ranking - Trailing

Period SSTHX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -39.9% 7.5% 92.30%
1 Yr -3.3% -27.2% 21.3% 7.76%
3 Yr -1.0%* -16.1% 66.6% 12.93%
5 Yr -0.5%* -14.1% 37.2% 11.07%
10 Yr -0.6%* -9.3% 16.7% 10.41%

* Annualized

Return Ranking - Calendar

Period SSTHX Return Category Return Low Category Return High Rank in Category (%)
2022 -6.0% -44.3% 3.7% 6.17%
2021 -0.1% -56.9% 9.2% 62.23%
2020 0.6% -53.7% 70.9% 22.42%
2019 0.8% -33.7% 5.1% 92.58%
2018 -0.5% -9.4% 12.0% 4.79%

Total Return Ranking - Trailing

Period SSTHX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -39.9% 7.5% 92.30%
1 Yr -3.3% -27.2% 23.7% 8.24%
3 Yr -1.0%* -16.1% 66.6% 14.70%
5 Yr -0.5%* -14.1% 37.2% 15.17%
10 Yr -0.6%* -9.3% 16.7% 29.40%

* Annualized

Total Return Ranking - Calendar

Period SSTHX Return Category Return Low Category Return High Rank in Category (%)
2022 -6.0% -44.3% 3.7% 6.17%
2021 -0.1% -56.9% 9.2% 62.08%
2020 0.6% -53.7% 70.9% 22.42%
2019 0.8% -33.7% 5.1% 93.20%
2018 -0.5% -9.4% 12.0% 11.72%

NAV & Total Return History


SSTHX - Holdings

Concentration Analysis

SSTHX Category Low Category High SSTHX % Rank
Net Assets 1.04 B 1.47 M 26.2 B 29.92%
Number of Holdings 163 2 2736 80.23%
Net Assets in Top 10 181 M -492 M 2.55 B 23.51%
Weighting of Top 10 17.81% 1.9% 100.0% 21.82%

Top 10 Holdings

  1. Allspring Government MMkt Select 3.20%
  2. TerraForm Power Operating, LLC 4.25% 1.97%
  3. QVC, Inc. 4.85% 1.85%
  4. HAT Holdings I LLC and HAT Holdings II LLC 6% 1.79%
  5. Sirius Xm Radio Inc 3.88% 1.78%
  6. Magellan Health Inc 4.9% 1.64%
  7. ADS WASTE HLDGS INC TERM LOAN 1.59%
  8. Teva Pharmaceutical Finance Netherlands III B.V. 6% 1.55%
  9. Park Aerospace Holdings Limited 5.25% 1.55%
  10. Ardagh Packaging Finance plc / Ardagh Holdings USA Inc. 5.25% 1.55%

Asset Allocation

Weighting Return Low Return High SSTHX % Rank
Bonds
96.71% 0.00% 154.38% 27.16%
Cash
3.20% -52.00% 100.00% 45.22%
Convertible Bonds
0.09% 0.00% 17.89% 89.92%
Stocks
0.00% -0.60% 52.82% 92.54%
Preferred Stocks
0.00% 0.00% 14.10% 88.24%
Other
0.00% -63.70% 32.06% 83.07%

Bond Sector Breakdown

Weighting Return Low Return High SSTHX % Rank
Corporate
95.76% 0.00% 100.00% 48.38%
Cash & Equivalents
3.20% 0.00% 100.00% 49.81%
Securitized
1.04% 0.00% 97.24% 21.35%
Derivative
0.00% 0.00% 45.95% 83.05%
Municipal
0.00% 0.00% 1.17% 78.27%
Government
0.00% 0.00% 99.07% 86.16%

Bond Geographic Breakdown

Weighting Return Low Return High SSTHX % Rank
US
87.74% 0.00% 150.64% 11.76%
Non US
8.97% 0.00% 96.17% 79.59%

SSTHX - Expenses

Operational Fees

SSTHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.02% 3.87% 49.54%
Management Fee 0.49% 0.00% 1.84% 32.93%
12b-1 Fee 0.00% 0.00% 1.00% 13.60%
Administrative Fee 0.16% 0.00% 0.50% 81.16%

Sales Fees

SSTHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.00% 0.00% 5.75% 75.59%
Deferred Load N/A 1.00% 5.50% 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% 327.00% 48.00%

SSTHX - Distributions

Dividend Yield Analysis

SSTHX Category Low Category High SSTHX % Rank
Dividend Yield 4.85% 0.00% 39.70% 75.84%

Dividend Distribution Analysis

SSTHX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

SSTHX Category Low Category High SSTHX % Rank
Net Income Ratio 3.46% -2.39% 14.30% 85.50%

Capital Gain Distribution Analysis

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

Distributions History

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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 7.09 2.92