Allspring Managed Account CoreBuilder Shares Series CP
Name
As of 10/04/2024Price
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
$17.25
$80.1 M
2.16%
$0.37
0.69%
Vitals
YTD Return
4.6%
1 yr return
13.7%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$80.1 M
Holdings in Top 10
27.7%
52 WEEK LOW AND HIGH
$17.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.69%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
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
$17.25
$80.1 M
2.16%
$0.37
0.69%
WFCPX - Profile
Distributions
- YTD Total Return 4.6%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 2.2%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAllspring Managed Account CoreBuilder Shares Series CP
-
Fund Family NameAllspring Funds
-
Inception DateJun 02, 2021
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
Under normal circumstances, we invest:
■ | At least 70% of the Fund’s net assets in debt securities |
■ | Up to 75% of the Fund’s total assets in debt securities that are below investment grade; and |
■ | Up to 60% of the Fund’s total assets in debt securities of foreign issuers including emerging markets issuers and debt securities in foreign currencies. |
We invest principally in debt securities, including corporate, mortgage- and asset-backed securities, bank loans, collateralized debt obligations, commercial paper, variable- and adjustable-rate securities, foreign sovereign debt, supranational agencies, and U.S. Government obligations. These securities may have fixed, floating or variable rates and may include debt securities of both domestic and foreign issuers. We may invest a significant portion of the Fund’s assets in mortgage-backed securities, including those issued by agencies and instrumentalities of the U.S. Government. We invest in both investment-grade and below investment-grade debt securities (often called “high yield” securities or “junk bonds”), including unrated securities.
We may invest in debt securities of foreign issuers, including emerging markets issuers, denominated in any currency. Emerging market countries generally are those countries defined as having an emerging or developing economy by the World Bank or its related organizations, or the United Nations or its authorities. The emerging market countries in which the Fund may invest currently include, but are not limited to, Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Malaysia, Mexico, Peru, the Philippines, Poland, Russia, South Africa, South Korea, Thailand, Turkey and Uruguay. We may seek to add yield by having exposures to a variety of credits, mortgages, and higher yielding countries and currencies.
We pursue the Fund’s investment objective by creating an integrated strategy that combines income-producing securities from a variety of sectors, countries and issuers. The Fund’s portfolio managers meet regularly to review and assess the overall portfolio risk level, the allocation of assets among the different sectors, and the role played by each sector in the portfolio.
The investment process for both asset allocation and security selection focuses on the value-driven measures that are used by the portfolio managers when managing sector assignments such as high yield bonds, global bonds, emerging markets, investment-grade bonds, and mortgage-backed securities. We seek to add return by allocating assets to sectors that we believe offer better opportunities and by using rigorous credit research to identify attractive individual securities. The portfolio managers utilize proprietary tools when measuring opportunities and risks associated with country, currency, credit and mortgage exposures. As part of our investment process, an assessment of environmental, social and governance (ESG) factors that are deemed to have material business and/or financial risk may be considered alongside other relevant factors, which may include but are not limited to financial data and metrics, pricing information, issue characteristics and issue structure. The ESG factors utilized in the fund’s investment process may change over time, some factors may not be relevant with respect to all issuers and may or may not be determinative in the security selection process. Securities are sold and allocations to various sectors are reduced when prices rise significantly above our estimates of underlying value, when changes in the financial environment indicate that securities or sectors at current prices no longer offer attractive risk-adjusted returns, or due to cash flow needs.
While we may purchase securities of any maturity or duration, under normal circumstances, we expect the Fund’s overall dollar-weighted average effective duration to be between 3 and 8 years. “Dollar-weighted average effective duration” is an aggregate measure of the sensitivity of a fund’s fixed income portfolio securities to changes in interest rates. For example, a fund with a duration of three years might be expected to fall approximately three percent if interest rates rose by one percentage point. As a general matter, the price of a fixed income security with a longer effective duration will fluctuate more in response to changes in interest rates than the price of a fixed income security with a shorter effective duration. We may use futures to manage duration exposure. There are no fixed weights for the Fund’s allocation across various sectors or markets. The pursuit of the Fund’s investment objective of total return, a component of which consists of a high level of current income, however, implies that the Fund will normally seek to have significant holdings of securities offering higher yields relative to U.S. Treasuries.
In addition to currency exposures stemming from our management of non-dollar denominated bonds, including the hedging and cross-hedging of currency exposures associated with these securities, we can manage currency as a separate asset class. We may purchase a foreign currency on a spot or forward basis in order to benefit from potential appreciation of such currency relative to the U.S. dollar or to other currencies. The Fund may enter into foreign currency exchange contracts to gain or hedge currency exposure or control risk. The Fund may invest in credit default swap indices in order manage risk or enhance return.
WFCPX - Performance
Return Ranking - Trailing
Period | WFCPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.6% | N/A | N/A | N/A |
1 Yr | 13.7% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
Period | WFCPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
Total Return Ranking - Trailing
Period | WFCPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.6% | N/A | N/A | N/A |
1 Yr | 13.7% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
Period | WFCPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
NAV & Total Return History
WFCPX - Holdings
Concentration Analysis
WFCPX | Category Low | Category High | WFCPX % Rank | |
---|---|---|---|---|
Net Assets | 80.1 M | N/A | N/A | N/A |
Number of Holdings | 361 | N/A | N/A | N/A |
Net Assets in Top 10 | 36.1 M | N/A | N/A | N/A |
Weighting of Top 10 | 27.67% | N/A | N/A | N/A |
Top 10 Holdings
- U.S. Treasury Notes 5.54%
- ALLSPRING GOVERNMENT MONEY MAR 5.16%
- Ginnie Mae 3.97%
- U.S. Treasury Notes 2.23%
- Uniform Mortgage-Backed Security, TBA 2.22%
- U.S. Treasury Bills 1.91%
- U.S. Treasury Bills 1.91%
- U.S. Treasury Notes 1.74%
- Ginnie Mae 1.68%
- Spain Government Bonds 1.32%
Asset Allocation
Weighting | Return Low | Return High | WFCPX % Rank | |
---|---|---|---|---|
Bonds | 86.19% | N/A | N/A | N/A |
Other | 15.19% | N/A | N/A | N/A |
Cash | 8.97% | N/A | N/A | N/A |
Stocks | 0.29% | N/A | N/A | N/A |
Preferred Stocks | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | WFCPX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | N/A | N/A | N/A |
Technology | 0.00% | N/A | N/A | N/A |
Real Estate | 0.00% | N/A | N/A | N/A |
Industrials | 0.00% | N/A | N/A | N/A |
Healthcare | 0.00% | N/A | N/A | N/A |
Financial Services | 0.00% | N/A | N/A | N/A |
Energy | 0.00% | N/A | N/A | N/A |
Communication Services | 0.00% | N/A | N/A | N/A |
Consumer Defense | 0.00% | N/A | N/A | N/A |
Consumer Cyclical | 0.00% | N/A | N/A | N/A |
Basic Materials | 0.00% | N/A | N/A | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | WFCPX % Rank | |
---|---|---|---|---|
US | 0.29% | N/A | N/A | N/A |
Non US | 0.00% | N/A | N/A | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | WFCPX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 8.97% | N/A | N/A | N/A |
Securitized | 0.00% | N/A | N/A | N/A |
Corporate | 0.00% | N/A | N/A | N/A |
Municipal | 0.00% | N/A | N/A | N/A |
Government | 0.00% | N/A | N/A | N/A |
Derivative | 0.00% | N/A | N/A | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | WFCPX % Rank | |
---|---|---|---|---|
US | 71.02% | N/A | N/A | N/A |
Non US | 15.17% | N/A | N/A | N/A |
WFCPX - Expenses
Operational Fees
WFCPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.69% | N/A | N/A | N/A |
Management Fee | 0.00% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
WFCPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
WFCPX 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.
WFCPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
WFCPX - Distributions
Dividend Yield Analysis
WFCPX | Category Low | Category High | WFCPX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.16% | N/A | N/A | N/A |
Dividend Distribution Analysis
WFCPX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None |
Net Income Ratio Analysis
WFCPX | Category Low | Category High | WFCPX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
WFCPX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 24, 2024 | $0.031 | OrdinaryDividend |
Aug 26, 2024 | $0.040 | OrdinaryDividend |
Apr 24, 2024 | $0.094 | OrdinaryDividend |
Mar 25, 2024 | $0.068 | OrdinaryDividend |
Feb 23, 2024 | $0.076 | OrdinaryDividend |
Jan 25, 2024 | $0.033 | OrdinaryDividend |
Dec 20, 2023 | $0.191 | OrdinaryDividend |
Oct 25, 2023 | $0.098 | OrdinaryDividend |
Sep 25, 2023 | $0.101 | OrdinaryDividend |
Aug 25, 2023 | $0.106 | OrdinaryDividend |
Jun 26, 2023 | $0.041 | OrdinaryDividend |
May 24, 2023 | $0.055 | OrdinaryDividend |
Mar 27, 2023 | $0.043 | OrdinaryDividend |
Dec 21, 2022 | $0.165 | OrdinaryDividend |
Nov 23, 2022 | $0.020 | OrdinaryDividend |
Oct 25, 2022 | $0.121 | OrdinaryDividend |
Sep 26, 2022 | $0.160 | OrdinaryDividend |
Aug 25, 2022 | $0.057 | OrdinaryDividend |
Jul 25, 2022 | $0.049 | OrdinaryDividend |
Jun 24, 2022 | $0.052 | OrdinaryDividend |
May 24, 2022 | $0.052 | OrdinaryDividend |
Apr 25, 2022 | $0.046 | OrdinaryDividend |
Mar 25, 2022 | $0.049 | OrdinaryDividend |
Feb 22, 2022 | $0.042 | OrdinaryDividend |
Jan 25, 2022 | $0.021 | OrdinaryDividend |