Allspring Dynamic Target 2055 Fund
Name
As of 02/09/2024Price
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
Vitals
YTD Return
2.7%
1 yr return
12.6%
3 Yr Avg Return
3.0%
5 Yr Avg Return
8.3%
Net Assets
$17.6 M
Holdings in Top 10
94.6%
52 WEEK LOW AND HIGH
$6.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.61%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 68.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 02/09/2024Price
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
WTDRX - Profile
Distributions
- YTD Total Return 2.7%
- 3 Yr Annualized Total Return 3.0%
- 5 Yr Annualized Total Return 8.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.45%
- Dividend Yield 1.5%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAllspring Dynamic Target 2055 Fund
-
Fund Family NameAllspring Funds
-
Inception DateNov 30, 2015
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKandarp Acharya
Fund Description
The Fund is a fund of funds that invests in various master portfolios (“Underlying Funds”), which in turn, invest in a combination of securities to gain exposure to equity and fixed income asset classes. The Fund gradually reduces its potential market risk exposures over time by generally re-allocating its assets among these asset classes, consistent with increasingly conservative strategic target allocations.
The equity Underlying Funds are each intended to provide exposure to a specific market segment. Those segments include U.S. large- and small-capitalization companies, and international (non-U.S.) developed and emerging markets.
The fixed income Underlying Funds provide diversified exposure across a wide range of market sectors, including U.S. Government obligations, U.S. investment grade corporate bonds, U.S. below investment grade bonds (commonly known as “high yield bonds” or “junk bonds”), other U.S. bond sectors (including mortgage- and asset-backed securities), and emerging markets foreign issues.
The Fund is primarily designed for investors expecting to retire and/or begin withdrawing funds around its target date of 2055. As the Fund’s time horizon to its target date shortens, it generally replaces some of its equity holdings with fixed income holdings in an attempt to reduce market risk and thereby become more conservative in its asset allocation. This reallocation occurs according to a predetermined “glide path,” which was developed based on long-term capital market return expectations, actuarial assumptions about life expectancy and retirement, and assumptions about investors’ risk tolerance. The reallocation continues as the Fund’s target year approaches and for the first ten years afterward. The Fund’s target year of 2055 serves as a guide to the risk profile of the Fund, and your decision to invest in a Allspring Dynamic Target Date Fund with a particular target year and risk profile depends on your individual risk tolerance, among other factors.
The Fund will not reach its lowest strategic target allocation to equities until ten years past the Fund’s target year. During the ten-year period after the Fund’s target year, the Fund’s asset allocation will increasingly resemble that of the Allspring Dynamic Target Today Fund and at the end of the ten-year period, we will likely combine it with the Allspring Dynamic Target Today Fund.
The Fund will incorporate 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 and/or currency forward contracts across a variety of asset classes, which include, but are not limited to, stocks, bonds, and currencies.
At any point, as a result of the utilization of the futures overlay and changes otherwise implemented by the portfolio managers, there may be significant divergences between the effective asset allocation of the Fund and its strategic target allocation.
The glide path (as of the date of this prospectus) is detailed in the chart below. The glide path visual depicts the strategic equity allocation of the Allspring Dynamic Target Date Funds over time. At their discretion, the Fund’s portfolio managers may make changes to the Fund’s glide path and asset allocation.
Portfolio Asset Allocation
The following table provides the Fund’s target allocations to various asset classes as of July 1, 2023.
Target Allocation1
Equity Asset Classes
%
U.S. Large Cap
%
International
%
U.S. Small Cap
%
Emerging Markets
%
Real Estate
%
Fixed Income Asset Classes
%
U.S. Investment Grade Aggregate Bonds
%
Emerging Market Bonds
%
U.S. High Yield Corporate Bonds
%
U.S. TIPs
%
WTDRX - Performance
Return Ranking - Trailing
| Period | WTDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | -35.5% | 9.6% | 36.71% |
| 1 Yr | 12.6% | -28.6% | 22.0% | 86.41% |
| 3 Yr | 3.0%* | -11.0% | 6.7% | 74.87% |
| 5 Yr | 8.3%* | -0.5% | 11.3% | 92.26% |
| 10 Yr | N/A* | 5.6% | 9.2% | N/A |
* Annualized
Return Ranking - Calendar
| Period | WTDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.4% | 2.5% | 21.5% | 80.49% |
| 2022 | -16.9% | -46.7% | -16.9% | 0.49% |
| 2021 | 4.1% | -9.7% | 20.3% | 79.59% |
| 2020 | 13.1% | 0.0% | 16.1% | 33.15% |
| 2019 | 19.4% | 11.6% | 23.6% | 53.57% |
Total Return Ranking - Trailing
| Period | WTDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | -35.5% | 9.6% | 36.71% |
| 1 Yr | 12.6% | -28.6% | 22.0% | 86.41% |
| 3 Yr | 3.0%* | -11.0% | 6.7% | 74.87% |
| 5 Yr | 8.3%* | -0.5% | 11.3% | 92.26% |
| 10 Yr | N/A* | 5.6% | 9.2% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | WTDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.4% | 10.6% | 36.3% | 92.68% |
| 2022 | -16.8% | -27.3% | 0.3% | 29.27% |
| 2021 | 17.2% | 1.2% | 22.5% | 63.27% |
| 2020 | 14.3% | 6.6% | 25.0% | 75.00% |
| 2019 | 20.7% | 20.7% | 39.5% | 100.00% |
NAV & Total Return History
WTDRX - Holdings
Concentration Analysis
| WTDRX | Category Low | Category High | WTDRX % Rank | |
|---|---|---|---|---|
| Net Assets | 17.6 M | 1.54 M | 36.8 B | 85.51% |
| Number of Holdings | 11 | 2 | 584 | 71.01% |
| Net Assets in Top 10 | 17.8 M | 1.38 M | 36.8 B | 85.51% |
| Weighting of Top 10 | 94.65% | 44.0% | 103.6% | 38.97% |
Top 10 Holdings
- Allspring Factor Enhanced U.S. Large Cap Equity Portfolio 34.28%
- Allspring Factor Enhanced International Equity Portfolio 28.59%
- Allspring Factor Enhanced U.S. Small Cap Equity Portfolio 11.05%
- Allspring Factor Enhanced Emerging Markets Equity Portfolio 8.42%
- ALLSPRING GOVERNMENT MONEY MAR 7.24%
- Allspring Bloomberg US Aggregate ex-Corporate Portfolio 2.85%
- Allspring Investment Grade Corporate Bond Portfolio 1.50%
- Allspring Emerging Markets Bond Portfolio 0.25%
- Allspring High Yield Corporate Bond Portfolio 0.24%
- S+P500 EMINI FUT DEC23 0.23%
Asset Allocation
| Weighting | Return Low | Return High | WTDRX % Rank | |
|---|---|---|---|---|
| Stocks | 87.17% | 0.00% | 100.34% | 84.54% |
| Cash | 12.56% | 0.00% | 15.98% | 3.86% |
| Other | 0.27% | -0.66% | 11.68% | 5.80% |
| Convertible Bonds | 0.12% | 0.00% | 1.00% | 26.57% |
| Preferred Stocks | 0.00% | 0.00% | 0.16% | 86.47% |
| Bonds | 0.00% | 0.00% | 13.02% | 86.96% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WTDRX % Rank | |
|---|---|---|---|---|
| Technology | 18.75% | 14.04% | 24.10% | 55.56% |
| Financial Services | 15.12% | 12.57% | 18.90% | 49.28% |
| Healthcare | 12.70% | 10.32% | 14.65% | 43.00% |
| Consumer Cyclical | 11.71% | 8.05% | 13.40% | 32.85% |
| Industrials | 11.47% | 9.12% | 12.53% | 25.60% |
| Consumer Defense | 7.57% | 4.68% | 11.07% | 9.18% |
| Communication Services | 6.79% | 5.69% | 10.32% | 71.50% |
| Energy | 5.36% | 2.33% | 5.97% | 13.04% |
| Basic Materials | 4.19% | 3.22% | 6.79% | 77.78% |
| Real Estate | 4.10% | 1.72% | 10.21% | 54.59% |
| Utilities | 2.24% | 1.89% | 8.12% | 92.27% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WTDRX % Rank | |
|---|---|---|---|---|
| US | 87.17% | 0.00% | 100.34% | 75.85% |
| Non US | 0.00% | 0.00% | 40.80% | 86.47% |
WTDRX - Expenses
Operational Fees
| WTDRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.61% | 0.06% | 21.78% | 9.71% |
| Management Fee | 0.10% | 0.00% | 0.93% | 40.00% |
| 12b-1 Fee | 0.75% | 0.00% | 1.00% | 89.11% |
| Administrative Fee | N/A | 0.01% | 0.29% | 69.40% |
Sales Fees
| WTDRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 4.00% | 75.00% |
Trading Fees
| WTDRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | 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.
| WTDRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 68.00% | 0.00% | 116.00% | 94.18% |
WTDRX - Distributions
Dividend Yield Analysis
| WTDRX | Category Low | Category High | WTDRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.48% | 0.00% | 0.00% | 85.99% |
Dividend Distribution Analysis
| WTDRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| WTDRX | Category Low | Category High | WTDRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.45% | -0.38% | 3.85% | 85.49% |
Capital Gain Distribution Analysis
| WTDRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 22, 2021 | $0.127 | OrdinaryDividend |
| Dec 21, 2020 | $0.121 | OrdinaryDividend |
| Dec 30, 2019 | $0.116 | OrdinaryDividend |
| Dec 29, 2017 | $0.102 | OrdinaryDividend |
| Dec 30, 2016 | $0.021 | OrdinaryDividend |
| Dec 31, 2015 | $0.055 | OrdinaryDividend |
WTDRX - Fund Manager Analysis
Managers
Kandarp Acharya
Start Date
Tenure
Tenure Rank
Nov 30, 2015
6.5
6.5%
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.
Petros Bocray
Start Date
Tenure
Tenure Rank
Oct 01, 2016
5.67
5.7%
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.
Travis Keshemberg
Start Date
Tenure
Tenure Rank
Mar 24, 2022
0.19
0.2%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 14.26 | 5.35 | 2.41 |