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Trending ETFs

Name

As of 08/26/2022

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

$10.96

$351 M

1.23%

$0.14

1.35%

Vitals

YTD Return

-18.0%

1 yr return

-7.7%

3 Yr Avg Return

7.0%

5 Yr Avg Return

5.7%

Net Assets

$351 M

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$11.2
$10.81
$16.17

Expenses

OPERATING FEES

Expense Ratio 1.35%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 82.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 08/26/2022

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

$10.96

$351 M

1.23%

$0.14

1.35%

WFOFX - Profile

Distributions

  • YTD Total Return -18.0%
  • 3 Yr Annualized Total Return 7.0%
  • 5 Yr Annualized Total Return 5.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.63%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Allspring Target 2040 Fund
  • Fund Family Name
    Allspring Global Investments
  • Inception Date
    Jul 01, 1998
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kandarp 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 U.S. large- and small-capitalization companies, international developed markets and emerging markets allocations each seek to add value above their respective broad market index, by employing a systematic, rules based methodology designed to build a portfolio of stocks that provides exposure to factors (or characteristics) commonly tied to a stock’s potential for enhanced risk-adjusted returns relative to the market. Those factors include, but are not limited to, value, quality, momentum, size, and low volatility.
The fixed income Underlying Funds provide diversified exposure across a wide range of market sectors, including U.S. Government obligations, corporate investment grade and below investment grade bonds (commonly known as “high yield bonds” or “junk bonds”), other U.S. aggregate bond sectors (including mortgage- and asset-backed securities), and emerging market foreign issues. The investment grade corporate bond allocation will be managed to replicate the performance of the Bloomberg U.S. Corporate Bond Index. The below investment grade bond allocation will be managed to replicate the performance of the Bloomberg U.S. High Yield 2% Issuer Capped Bond Index. The U.S. aggregate bond ex-corporate allocation, which includes mortgage- and asset-backed securities, will be managed to replicate the performance of the Bloomberg U.S. Aggregate ex- Corporate Index, a traditional market-capitalization weighted index designed to provide diversified exposure to the allocation. The emerging markets bond allocation will be managed to replicate the performance of the JP Morgan EMBI Global Diversified Index, an index that deviates from a traditional market capitalization weighting to provide more robust diversification across its constituent countries.
The Fund is primarily designed for investors expecting to retire and/or begin gradually withdrawing funds around its target date of  2040. 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 2040 serves as a guide to the risk profile of the Fund, and your decision to invest in a Allspring 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 Target Today Fund and at the end of the ten-year period, we will likely combine it with the Target Today Fund.
At their discretion, the Fund’s portfolio managers may make changes to the Fund’s glide path and asset allocation consistent with the Fund’s target year. Factors that the portfolio managers may consider include but are not limited to market trends, their outlook for a given market capitalization, and the Underlying Funds’ performance in various market conditions.
Portfolio Asset Allocation
The following table provides the Fund’s target allocations to various underlying portfolios as of July 1, 2022.
Portfolio
Target Allocation1
Equity Securities
78%
Allspring Factor Enhanced U.S. Large Cap Equity Portfolio
38.18%
Allspring Factor Enhanced International Equity Portfolio
23.30%
Allspring Factor Enhanced U.S. Small Cap Equity Portfolio
9.54%
Allspring Factor Enhanced Emerging Markets Equity Portfolio
6.98%
Allspring Factor Enhanced U.S. Low Volatility Equity Portfolio
0.00%
Allspring U.S. REIT Portfolio
0.00%
Fixed Income Securities
22%
Allspring Bloomberg US Aggregate ex-Corporate Portfolio
13.02%
Allspring Investment Grade Corporate Bond Portfolio
6.78%
Allspring Emerging Markets Bond Portfolio
1.10%
Allspring High Yield Corporate Bond Portfolio
1.10%
Allspring Strategic Retirement Bond Portfolio (includes both TIPs & Intermediate Government Bond allocations)
0.00%
Read More

WFOFX - Performance

Return Ranking - Trailing

Period WFOFX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.0% -36.4% -10.0% 56.50%
1 Yr -7.7% -10.6% 2.7% 45.98%
3 Yr 7.0%* 6.1% 11.8% 98.08%
5 Yr 5.7%* 5.6% 9.4% 99.46%
10 Yr 7.5%* 7.2% 11.1% 99.24%

* Annualized

Return Ranking - Calendar

Period WFOFX Return Category Return Low Category Return High Rank in Category (%)
2023 -5.1% -6.3% 17.5% 97.17%
2022 3.9% 3.3% 14.9% 99.00%
2021 16.6% 4.1% 22.6% 59.18%
2020 -21.2% -23.1% -6.9% 97.69%
2019 -15.1% -15.1% 18.8% 100.00%

Total Return Ranking - Trailing

Period WFOFX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.0% -36.4% -10.0% 56.50%
1 Yr -8.5% -15.0% 2.7% 54.30%
3 Yr 7.0%* 4.9% 11.8% 95.12%
5 Yr 5.7%* 4.7% 9.4% 97.25%
10 Yr 7.5%* 7.2% 11.1% 98.46%

* Annualized

Total Return Ranking - Calendar

Period WFOFX Return Category Return Low Category Return High Rank in Category (%)
2023 -5.1% -6.3% 17.5% 97.17%
2022 3.9% 3.3% 14.9% 99.00%
2021 16.6% 4.1% 22.6% 59.18%
2020 -21.2% -23.1% -5.5% 97.69%
2019 -15.1% -15.1% 26.3% 100.00%

NAV & Total Return History


WFOFX - Holdings

Concentration Analysis

WFOFX Category Low Category High WFOFX % Rank
Net Assets 351 M 88 K 68.9 B 56.39%
Number of Holdings 8 4 562 87.17%
Net Assets in Top 10 361 M 693 K 68.1 B 51.33%
Weighting of Top 10 100.00% 38.5% 100.0% 3.40%

Top 10 Holdings

  1. Wells Fargo Factor Enhanced Large Cap 39.58%
  2. Allspring Factor Enhanced Lrg Cp Eq 37.90%
  3. Allspring Factor Enhanced Intern Eq 23.49%
  4. Allspring Bloomberg US Agg ex-Cor Port 12.98%
  5. Allspring Factor Enhanced Small Cap Eq 9.52%
  6. Allspring Factor Enhanced Em Mkt Eq 7.17%
  7. Allspring Investment Gr Cor Bd 6.75%
  8. Allspring High Yield Corporate Bd 1.10%
  9. Allspring Emerging Markets Bond Por 1.09%
  10. Wells Fargo Emerging Markets Bond 0.95%

Asset Allocation

Weighting Return Low Return High WFOFX % Rank
Stocks
66.93% 0.00% 89.49% 90.71%
Bonds
18.50% 6.42% 65.95% 23.89%
Cash
14.08% -6.89% 31.18% 4.42%
Convertible Bonds
0.44% 0.00% 0.98% 5.31%
Preferred Stocks
0.04% 0.00% 0.48% 45.13%
Other
0.00% -0.92% 16.90% 92.92%

Stock Sector Breakdown

Weighting Return Low Return High WFOFX % Rank
Technology
19.48% 13.94% 24.03% 38.84%
Financial Services
15.29% 13.11% 18.83% 39.73%
Healthcare
12.43% 10.75% 14.53% 52.68%
Consumer Cyclical
11.97% 8.05% 13.32% 14.73%
Industrials
11.34% 9.02% 12.29% 29.02%
Communication Services
7.24% 5.69% 10.24% 51.34%
Consumer Defense
7.10% 4.68% 11.06% 28.13%
Energy
4.99% 2.33% 6.31% 26.79%
Basic Materials
4.17% 3.14% 6.86% 79.02%
Real Estate
3.86% 1.87% 10.11% 55.80%
Utilities
2.13% 1.90% 8.13% 96.88%

Stock Geographic Breakdown

Weighting Return Low Return High WFOFX % Rank
US
39.69% 0.00% 68.38% 93.81%
Non US
27.24% 0.00% 44.24% 57.52%

Bond Sector Breakdown

Weighting Return Low Return High WFOFX % Rank
Cash & Equivalents
42.54% 3.19% 55.75% 3.98%
Corporate
23.12% 0.49% 50.07% 53.54%
Government
21.58% 13.41% 62.05% 82.30%
Securitized
12.43% 0.00% 36.42% 56.64%
Municipal
0.30% 0.00% 22.13% 29.65%
Derivative
0.04% 0.00% 20.78% 50.44%

Bond Geographic Breakdown

Weighting Return Low Return High WFOFX % Rank
US
15.88% 4.80% 43.04% 23.45%
Non US
2.62% 0.07% 22.91% 34.51%

WFOFX - Expenses

Operational Fees

WFOFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.35% 0.06% 1.84% 7.96%
Management Fee 0.10% 0.00% 0.86% 37.95%
12b-1 Fee 0.75% 0.00% 1.00% 90.16%
Administrative Fee 0.21% 0.01% 0.29% 78.85%

Sales Fees

WFOFX 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% 100.00%

Trading Fees

WFOFX 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.

WFOFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 82.00% 2.00% 112.00% 94.23%

WFOFX - Distributions

Dividend Yield Analysis

WFOFX Category Low Category High WFOFX % Rank
Dividend Yield 1.23% 0.00% 5.65% 25.99%

Dividend Distribution Analysis

WFOFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

WFOFX Category Low Category High WFOFX % Rank
Net Income Ratio 0.63% -0.21% 10.52% 83.18%

Capital Gain Distribution Analysis

WFOFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

View More +

WFOFX - Fund Manager Analysis

Managers

Kandarp Acharya


Start Date

Tenure

Tenure Rank

Jul 14, 2017

4.88

4.9%

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

Jul 14, 2017

4.88

4.9%

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 17.59 5.59 2.41