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Name

As of 04/16/2024

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 Absolute Return Fund

WARAX | Fund

$10.88

$805 M

2.78%

$0.30

1.14%

Vitals

YTD Return

0.0%

1 yr return

8.1%

3 Yr Avg Return

2.1%

5 Yr Avg Return

2.3%

Net Assets

$805 M

Holdings in Top 10

100.2%

52 WEEK LOW AND HIGH

$10.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.14%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 5.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/16/2024

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 Absolute Return Fund

WARAX | Fund

$10.88

$805 M

2.78%

$0.30

1.14%

WARAX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.33%
DIVIDENDS
  • Dividend Yield 2.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Allspring Absolute Return Fund
  • Fund Family Name
    Allspring Funds
  • Inception Date
    Mar 01, 2012
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ben Inker

Fund Description

Under normal circumstances, we invest:
■
Up to 60% of the Fund’s total assets in U.S. and non-U.S. equity, including emerging market equity funds;
■
Up to 60% of the Fund’s total assets in U.S. and non-U.S. fixed income, including emerging market debt funds; and
■
Up to 60% of the Fund’s total assets in alternative investment funds
The Fund is a fund-of-funds that employs a multi-asset, multi-style investment approach by investing in various affiliated mutual funds as well as affiliated and unaffiliated exchange-traded funds. We dynamically allocate investments to various broad asset classes across equity, fixed income, and alternative investments, including commodities, based on our assessment of changing economic, global market, industry, and issuer conditions. Within these asset classes, we utilize an active allocation strategy to diversify the portfolio among investments that provide efficient upside returns while managing downside risk across most market cycles with the goal of generating a positive absolute return over an economic cycle.
Equity holdings are diversified across a wide range of equity funds, including but not limited to funds that invest in U.S. large company securities, U.S. small company securities and international developed and emerging markets. Fixed income holdings are diversified across a wide range of fixed income funds that invest in short- to long-term income-producing securities issued by U.S. and international developed and emerging markets issuers, including but not limited to, U.S. Government obligations, corporate bonds and below investment-grade bonds (often called “high yield” securities or “junk bonds”). Alternative investment holdings are allocated across funds that use alternative investment strategies, which may include, but are not limited to, risk premia (i.e., sources of excess return which result from systematic risks and/or behavioral biases existing within the financial markets),  managed futures, merger arbitrage, global multi-asset, long-short, market neutral, systematic, or other tactical investment strategies.
The Fund may indirectly gain exposure to commodity-linked derivatives such as commodity forwards, commodity futures, commodity swaps, swaps on commodity futures and other commodity-linked derivative securities through an investment in an affiliated fund.
Read More

WARAX - Performance

Return Ranking - Trailing

Period WARAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -23.7% 16.4% 20.60%
1 Yr 8.1% -8.9% 48.3% 95.49%
3 Yr 2.1%* -2.2% 16.4% 96.88%
5 Yr 2.3%* -0.7% 13.4% 96.96%
10 Yr 2.0%* 0.9% 11.8% 94.71%

* Annualized

Return Ranking - Calendar

Period WARAX Return Category Return Low Category Return High Rank in Category (%)
2023 9.5% -40.8% 20.6% 77.83%
2022 -5.0% -21.0% 24.5% 94.08%
2021 -0.9% -24.2% 27.8% 86.45%
2020 -6.4% -23.1% 11.7% 14.43%
2019 7.9% -100.0% 20.6% 47.14%

Total Return Ranking - Trailing

Period WARAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -23.7% 16.4% 19.96%
1 Yr 8.1% -12.8% 48.3% 99.15%
3 Yr 2.1%* -3.4% 16.4% 98.69%
5 Yr 2.3%* -1.1% 13.4% 97.71%
10 Yr 2.0%* 0.9% 11.8% 97.51%

* Annualized

Total Return Ranking - Calendar

Period WARAX Return Category Return Low Category Return High Rank in Category (%)
2023 12.5% -40.8% 20.6% 77.83%
2022 -2.7% -21.0% 24.5% 94.08%
2021 2.2% -24.2% 27.8% 88.32%
2020 -3.3% -23.1% 11.7% 34.49%
2019 10.7% -2.9% 23.1% 73.57%

NAV & Total Return History

WARAX - Holdings

Concentration Analysis

WARAX Category Low Category High WARAX % Rank
Net Assets 805 M 1.12 M 110 B 31.32%
Number of Holdings 2 2 10961 99.37%
Net Assets in Top 10 884 M -31.7 M 22 B 15.24%
Weighting of Top 10 100.22% 10.8% 100.0% 5.54%

Top 10 Holdings

  1. GMO TR 98.12%
  2. FIXED INC CLEARING CORP.REPO 2.10%

Asset Allocation

Weighting Return Low Return High WARAX % Rank
Stocks 		98.12% -45.72% 98.42% 98.96%
Other 		2.10% -1.25% 197.12% 1.67%
Preferred Stocks 		0.00% -0.03% 14.00% 92.07%
Convertible Bonds 		0.00% 0.00% 25.49% 93.53%
Cash 		0.00% -97.12% 185.58% 4.80%
Bonds 		0.00% -39.76% 93.84% 98.12%

Stock Sector Breakdown

Weighting Return Low Return High WARAX % Rank
Utilities 		0.00% 0.00% 40.29% 68.10%
Technology 		0.00% 0.00% 39.48% 61.21%
Real Estate 		0.00% 0.00% 90.14% 50.65%
Industrials 		0.00% 0.09% 32.39% 20.69%
Healthcare 		0.00% 0.00% 30.30% 70.91%
Financial Services 		0.00% 0.00% 30.34% 10.13%
Energy 		0.00% 0.00% 38.61% 51.29%
Communication Services 		0.00% 0.00% 28.59% 50.65%
Consumer Defense 		0.00% 0.00% 31.85% 73.28%
Consumer Cyclical 		0.00% 0.00% 20.84% 15.95%
Basic Materials 		0.00% 0.00% 60.23% 17.89%

Stock Geographic Breakdown

Weighting Return Low Return High WARAX % Rank
US 		98.12% -4.82% 95.75% 99.37%
Non US 		0.00% -46.69% 57.06% 98.12%

WARAX - Expenses

Operational Fees

WARAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.14% 0.16% 2.71% 20.04%
Management Fee 0.22% 0.00% 1.70% 79.44%
12b-1 Fee 0.00% 0.00% 1.00% 9.56%
Administrative Fee 0.21% 0.01% 0.70% 85.26%

Sales Fees

WARAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.00% 5.75% 29.89%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

WARAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 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.

WARAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 5.00% 0.00% 441.00% 3.35%

WARAX - Distributions

Dividend Yield Analysis

WARAX Category Low Category High WARAX % Rank
Dividend Yield 2.78% 0.00% 10.92% 86.07%

Dividend Distribution Analysis

WARAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Monthly

Net Income Ratio Analysis

WARAX Category Low Category High WARAX % Rank
Net Income Ratio 2.33% -5.20% 6.33% 26.36%

Capital Gain Distribution Analysis

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

Distributions History

View More +

WARAX - Fund Manager Analysis

Managers

Ben Inker

Start Date

Tenure

Tenure Rank

Mar 01, 2012

10.25

10.3%

Mr. Inker, Co-Heads of the Division, is the director of asset allocation. Mr. Inker has been responsible for overseeing the portfolio management of GMO's asset allocation portfolios since 1996. Mr. Inker joined Grantham, Mayo, Van Otterloo & Co. LLC in 1992 following the completion of his B.A. in Economics from Yale University. He is a CFA charterholder.

John Thorndike

Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

John Thorndike joined TAS in 2004. Prior to joining TAS, Mr. Thorndike was an analyst in the investment office of Bowdoin College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 30.27 6.52 9.25

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