Allspring Global Investment Grade Credit Fund
Name
As of 10/09/2024Price
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
3.9%
1 yr return
10.3%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$27.5 M
Holdings in Top 10
14.2%
52 WEEK LOW AND HIGH
$8.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio N/A
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 10/09/2024Price
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
WGCCX - Profile
Distributions
- YTD Total Return 3.9%
- 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 1.8%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAllspring Global Investment Grade Credit Fund
-
Fund Family NameAllspring Funds
-
Inception DateJun 01, 2022
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
Under normal circumstances, we invest:
■ | at least 80% of the Fund’s net assets in a diversified portfolio of investment grade credit debt securities issued by U.S. or foreign (including emerging markets) corporate issuers; and |
■ | up to 20% of net assets in debt securities rated below investment grade (i.e., junk bonds), as well as agencies, Supranationals, taxable municipal bonds, sovereign bonds, and asset-backed securities including mortgage-backed securities. |
Under normal circumstances, the Fund will invest in at least three different countries, including the U.S., and will invest at least 40% of its net assets, as determined in our reasonable discretion, in issuers that maintain their principal place of business or conduct their principal business activities outside the U.S. From time to time, the Fund may be below this 40% level (but is not expected to fall below 30%) if the portfolio managers, in their discretion, determine that market conditions warrant such lower level of investment. While the Fund may purchase securities of any denomination, under normal circumstances the Fund expects to hedge all non-U.S. currency exposure to the U.S. dollar.
We define investment grade securities to have received a rating of investment grade at the time of purchase from an internationally recognized statistical ratings organization (i.e., Baa- or higher by Moody’s, BBB- or higher by Standard & Poor’s or BBB- or higher by Fitch). We do not manage the Fund’s portfolio to a specific maturity or duration.
We may also use, for hedging or to enhance returns, interest rate swap agreements and futures to tailor interest rate positioning, forward contracts and currency basis swap agreements to hedge currency exposure, or credit default swap agreements to hedge credit exposure.
We focus on bottom-up credit research with a focus on well-underwritten credits and relative value. Elements of this evaluation may include duration measurements, historical yield spread relationships, volatility trends, mortgage refinance rates, as well as other factors. 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 and some factors may not be relevant with respect to all issuers that are eligible fund investments. Further, ESG factors may or may not be determinative in the security selection process.
We may sell a security due to changes in our outlook, as well as changes in portfolio strategy or cash flow needs. A security may also be sold and replaced with one that presents a better value or risk/reward profile.
WGCCX - Performance
Return Ranking - Trailing
Period | WGCCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.9% | N/A | N/A | N/A |
1 Yr | 10.3% | 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 | WGCCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.7% | 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 | WGCCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.9% | N/A | N/A | N/A |
1 Yr | 10.3% | 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 | WGCCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.8% | 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
WGCCX - Holdings
Concentration Analysis
WGCCX | Category Low | Category High | WGCCX % Rank | |
---|---|---|---|---|
Net Assets | 27.5 M | N/A | N/A | N/A |
Number of Holdings | 200 | N/A | N/A | N/A |
Net Assets in Top 10 | 3.9 M | N/A | N/A | N/A |
Weighting of Top 10 | 14.15% | N/A | N/A | N/A |
Top 10 Holdings
- ALLSPRING GOVERNMENT MONEY MAR 2.13%
- Morgan Stanley 1.96%
- Citigroup Inc 1.68%
- U.S. Treasury Notes 1.39%
- Motorola Solutions Inc 1.25%
- Verizon Communications Inc 1.23%
- UBS AG/Stamford CT 1.19%
- Oracle Corp 1.11%
- Avolon Holdings Funding Ltd 1.11%
- Aviation Capital Group LLC 1.10%
Asset Allocation
Weighting | Return Low | Return High | WGCCX % Rank | |
---|---|---|---|---|
Bonds | 96.03% | N/A | N/A | N/A |
Cash | 3.45% | N/A | N/A | N/A |
Other | 0.52% | N/A | N/A | N/A |
Stocks | 0.00% | 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 |
Bond Sector Breakdown
Weighting | Return Low | Return High | WGCCX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 2.13% | N/A | N/A | N/A |
Derivative | 0.52% | 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 |
Bond Geographic Breakdown
Weighting | Return Low | Return High | WGCCX % Rank | |
---|---|---|---|---|
US | 64.34% | N/A | N/A | N/A |
Non US | 31.70% | N/A | N/A | N/A |
WGCCX - Expenses
Operational Fees
WGCCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | N/A | N/A | N/A | N/A |
Management Fee | N/A | 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
WGCCX 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
WGCCX 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.
WGCCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
WGCCX - Distributions
Dividend Yield Analysis
WGCCX | Category Low | Category High | WGCCX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.79% | N/A | N/A | N/A |
Dividend Distribution Analysis
WGCCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None |
Net Income Ratio Analysis
WGCCX | Category Low | Category High | WGCCX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
WGCCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 24, 2024 | $0.013 | OrdinaryDividend |
Aug 26, 2024 | $0.018 | OrdinaryDividend |
Apr 24, 2024 | $0.022 | OrdinaryDividend |
Mar 25, 2024 | $0.023 | OrdinaryDividend |
Feb 23, 2024 | $0.017 | OrdinaryDividend |
Jan 25, 2024 | $0.015 | OrdinaryDividend |
Dec 20, 2023 | $0.031 | OrdinaryDividend |
Oct 25, 2023 | $0.057 | OrdinaryDividend |
Sep 25, 2023 | $0.018 | OrdinaryDividend |
Aug 25, 2023 | $0.020 | OrdinaryDividend |
Jul 25, 2023 | $0.017 | OrdinaryDividend |
Jun 26, 2023 | $0.024 | OrdinaryDividend |
May 24, 2023 | $0.019 | OrdinaryDividend |
Apr 24, 2023 | $0.018 | OrdinaryDividend |
Mar 27, 2023 | $0.023 | OrdinaryDividend |
Feb 22, 2023 | $0.015 | OrdinaryDividend |
Jan 25, 2023 | $0.011 | OrdinaryDividend |
Dec 21, 2022 | $0.043 | OrdinaryDividend |
Nov 23, 2022 | $0.024 | OrdinaryDividend |
Oct 25, 2022 | $0.012 | OrdinaryDividend |
Sep 26, 2022 | $0.016 | OrdinaryDividend |
Aug 25, 2022 | $0.009 | OrdinaryDividend |
Jun 24, 2022 | $0.022 | OrdinaryDividend |