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Name

As of 10/11/2024

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 Real Return Fund

IPBIX | Fund

$10.68

$75.3 M

2.17%

$0.23

1.07%

Vitals

YTD Return

9.9%

1 yr return

15.5%

3 Yr Avg Return

1.9%

5 Yr Avg Return

4.2%

Net Assets

$75.3 M

Holdings in Top 10

21.9%

52 WEEK LOW AND HIGH

$10.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.07%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 20.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/11/2024

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 Real Return Fund

IPBIX | Fund

$10.68

$75.3 M

2.17%

$0.23

1.07%

IPBIX - Profile

Distributions

  • YTD Total Return 9.9%
  • 3 Yr Annualized Total Return 1.9%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.26%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Allspring Real Return Fund
  • Fund Family Name
    Allspring Funds
  • Inception Date
    Feb 28, 2003
  • Shares Outstanding
    N/A
  • Share Class
    Admin
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Bradshaw

Fund Description

Under normal circumstances, we invest:  
■
up to 70% of the Fund’s total assets in debt securities;
■
up to 70% of the Fund’s total assets in equity securities; and
■
up to 25% of the Fund’s net assets in commodities.
The Fund is a feeder fund that invests substantially all of its assets in the Real Return Portfolio, a master portfolio with a substantially identical investment objective and substantially similar investment strategies. We may invest in additional master portfolios, in other Allspring Funds, or directly in a portfolio of securities.
We utilize an active allocation strategy to diversify the portfolio across various investments, assets and sectors, in an attempt to generate a real return (a return in excess of the rate of inflation) over an economic cycle, consistent with an appropriate level of risk. We dynamically allocate investments to various broad asset classes across debt, equity and commodities based on our assessment of changing economic, global market, industry, and issuer conditions.
We may invest up to 70% of the Fund’s total assets in debt securities including but not limited to, inflation-indexed debt securities, corporate-issued debt, mortgage- and asset-backed securities, bank loans and government obligations. These securities may have fixed, floating or variable rates. We may invest up to 10% of the Fund’s total assets in below investment-grade debt securities, often called “high yield securities” or “junk bonds”. We do not manage the portfolio to a specific maturity or duration. We may use futures contracts to manage or adjust duration and yield curve exposure, as well as to manage risk or to enhance return.
We may invest up to 70% of the Fund’s total assets in equity securities, including but not limited to, common stock, preferred stock and real estate investment trusts (“REITs”), of domestic and foreign issuers of any market capitalization. We may invest in derivatives, such as futures and swaps, that have similar economic or financial characteristics of any security described above.
We may invest up to 25% of the Fund’s net assets in the common or preferred stock of a subsidiary of the Fund that typically invests directly or indirectly in commodity-linked derivatives such as commodity forwards, commodity futures, commodity swaps, swaps on commodity futures and other commodity-linked derivative securities; it may also invest in all other securities allowed in the Fund. These holdings may contribute more than 25% of the Fund’s risk allocation.
The Fund will incorporate a derivatives overlay strategy that contains three specific risk management components: 1.) Tactical Asset Allocation (TAA) Overlay, 2.) Tail Risk Management (TRM) and 3.) Real Return Overlay (RRO). 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 (either directly or through its subsidiary in the case of commodity exposure) 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, commodities, and currencies.
Read More

IPBIX - Performance

Return Ranking - Trailing

Period IPBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.9% -6.0% 12.3% 1.97%
1 Yr 15.5% -5.3% 27.7% 1.97%
3 Yr 1.9%* -14.8% 4.5% 9.60%
5 Yr 4.2%* -6.7% 5.5% 7.33%
10 Yr 3.3%* -2.2% 3.3% 0.76%

* Annualized

Return Ranking - Calendar

Period IPBIX Return Category Return Low Category Return High Rank in Category (%)
2023 1.5% -8.7% 5.1% 13.93%
2022 -14.6% -52.3% -4.0% 36.36%
2021 3.8% -7.9% 7.7% 8.76%
2020 6.8% -29.4% 23.0% 61.78%
2019 7.8% 0.8% 16.7% 4.74%

Total Return Ranking - Trailing

Period IPBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.9% -6.0% 12.3% 1.97%
1 Yr 15.5% -5.3% 27.7% 1.97%
3 Yr 1.9%* -14.8% 4.5% 9.60%
5 Yr 4.2%* -6.7% 5.5% 7.33%
10 Yr 3.3%* -2.2% 3.3% 0.76%

* Annualized

Total Return Ranking - Calendar

Period IPBIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.0% -5.2% 9.5% 12.44%
2022 -10.2% -40.1% 9.2% 39.90%
2021 7.9% -2.7% 37.6% 8.25%
2020 8.3% -0.5% 27.5% 68.06%
2019 10.1% 2.8% 19.3% 4.74%

NAV & Total Return History

IPBIX - Holdings

Concentration Analysis

IPBIX Category Low Category High IPBIX % Rank
Net Assets 75.3 M 968 K 51.8 B 95.07%
Number of Holdings 271 2 1526 27.59%
Net Assets in Top 10 20.1 M 891 K 24.2 B 99.01%
Weighting of Top 10 21.93% 11.9% 100.0% 94.06%

Top 10 Holdings

  1. Us 5yr Note (Cbt) Dec20 Xcbt 20201231 5.10%
  2. Us 5yr Note (Cbt) Dec20 Xcbt 20201231 5.10%
  3. Us 5yr Note (Cbt) Dec20 Xcbt 20201231 5.10%
  4. Us 5yr Note (Cbt) Dec20 Xcbt 20201231 5.10%
  5. Us 5yr Note (Cbt) Dec20 Xcbt 20201231 5.10%
  6. Us 5yr Note (Cbt) Dec20 Xcbt 20201231 5.10%
  7. Us 5yr Note (Cbt) Dec20 Xcbt 20201231 5.10%
  8. Us 5yr Note (Cbt) Dec20 Xcbt 20201231 5.10%
  9. Us 5yr Note (Cbt) Dec20 Xcbt 20201231 5.10%
  10. Us 5yr Note (Cbt) Dec20 Xcbt 20201231 5.10%

Asset Allocation

Weighting Return Low Return High IPBIX % Rank
Bonds 		83.38% 0.00% 198.42% 88.18%
Stocks 		16.29% 0.00% 100.03% 4.93%
Cash 		0.31% -42.00% 15.28% 71.43%
Convertible Bonds 		0.02% 0.00% 3.96% 39.90%
Preferred Stocks 		0.00% 0.00% 0.78% 79.80%
Other 		0.00% -55.92% 68.12% 80.30%

Stock Sector Breakdown

Weighting Return Low Return High IPBIX % Rank
Real Estate 		34.55% 0.00% 99.95% 61.54%
Consumer Defense 		31.30% 0.00% 31.30% 30.77%
Basic Materials 		22.13% 0.00% 22.13% 30.77%
Energy 		10.65% 0.00% 10.65% 30.77%
Consumer Cyclical 		1.36% 0.00% 16.99% 53.85%
Utilities 		0.00% 0.00% 1.13% 84.62%
Technology 		0.00% 0.00% 48.29% 84.62%
Industrials 		0.00% 0.00% 3.93% 84.62%
Healthcare 		0.00% 0.00% 6.17% 84.62%
Financial Services 		0.00% 0.00% 100.00% 92.31%
Communication Services 		0.00% 0.00% 17.02% 84.62%

Stock Geographic Breakdown

Weighting Return Low Return High IPBIX % Rank
US 		14.25% 0.00% 100.03% 4.93%
Non US 		2.04% 0.00% 81.06% 2.46%

Bond Sector Breakdown

Weighting Return Low Return High IPBIX % Rank
Government 		77.49% 6.70% 112.97% 76.35%
Corporate 		21.86% 0.00% 50.64% 8.87%
Cash & Equivalents 		0.38% -0.08% 15.28% 50.25%
Securitized 		0.25% 0.00% 58.03% 70.94%
Derivative 		0.01% -22.87% 13.49% 65.52%
Municipal 		0.00% 0.00% 1.28% 79.80%

Bond Geographic Breakdown

Weighting Return Low Return High IPBIX % Rank
US 		81.91% 0.00% 174.44% 87.19%
Non US 		1.47% 0.00% 42.19% 18.72%

IPBIX - Expenses

Operational Fees

IPBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.07% 0.03% 22.29% 22.39%
Management Fee 0.45% 0.00% 0.99% 83.25%
12b-1 Fee 0.00% 0.00% 1.00% 12.09%
Administrative Fee 0.05% 0.01% 0.40% 40.79%

Sales Fees

IPBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

IPBIX 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.

IPBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 0.00% 246.00% 9.28%

IPBIX - Distributions

Dividend Yield Analysis

IPBIX Category Low Category High IPBIX % Rank
Dividend Yield 2.17% 0.00% 14.25% 46.80%

Dividend Distribution Analysis

IPBIX Category Low Category High Category Mod
Dividend Distribution Frequency None Quarterly Monthly Monthly

Net Income Ratio Analysis

IPBIX Category Low Category High IPBIX % Rank
Net Income Ratio 2.26% -0.06% 6.71% 84.00%

Capital Gain Distribution Analysis

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

Distributions History

View More +

IPBIX - Fund Manager Analysis

Managers

Michael Bradshaw

Start Date

Tenure

Tenure Rank

Dec 01, 2014

7.5

7.5%

Michael Bradshaw is a managing director and senior portfolio manager for the Precious Metals team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). He joined WFAM from Evergreen Investments, where he served in a similar role. Before that, Michael was a vice president and senior analyst with Pioneer Investment Management and earlier at CIBC Wood Gundy Securities Inc., where he served as a research associate. Michael earned a bachelor’s degree in geology from the University of Western Ontario and a master’s degree in business administration with an emphasis in finance from the University of Toronto. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation and is a member of CFA Society Boston and CFA Society Toronto.

Kandarp Acharya

Start Date

Tenure

Tenure Rank

Dec 01, 2014

7.5

7.5%

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.

Garth Newport

Start Date

Tenure

Tenure Rank

Mar 01, 2019

3.25

3.3%

Garth Newport is a portfolio manager for the Select Equity team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). He joined WFAM as an analyst. Garth began his investment industry career in 2005 as an investments intern at Sentry Insurance. He interned at WFAM the following year and then served as a senior research analyst at Aristotle Ventures. He earned a bachelor’s degree in business administration with an emphasis in economics from the University of Wisconsin, Stevens Point. Garth has earned the right to use the Chartered Financial Analyst® (CFA®) designation and is a member of CFA Institute and CFA Society Milwaukee.

Michael Schueller

Start Date

Tenure

Tenure Rank

Jan 15, 2020

2.38

2.4%

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.

Michal Stanczyk

Start Date

Tenure

Tenure Rank

Jun 30, 2021

0.92

0.9%

Michal Stanczyk is a portfolio manager and research analyst for the Plus Fixed Income team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to joining WFAM, Michal worked for Wells Fargo within the Wholesale Leadership Pipeline Program. He began his investment industry in 2006. Michal earned a bachelor’s degree in economics from Indiana Wesleyan University.

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
0.17 20.51 6.55 11.1

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