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Trending ETFs

Allspring Diversified Income Builder Fund

mutual fund
EKSDX
Payout Change
Pending
Price as of:
$5.83 -0.02 -0.34%
primary theme
U.S. Conservative/Balanced Allocation
EKSDX (Mutual Fund)

Allspring Diversified Income Builder Fund

Payout Change
Pending
Price as of:
$5.83 -0.02 -0.34%
primary theme
U.S. Conservative/Balanced Allocation
EKSDX (Mutual Fund)

Allspring Diversified Income Builder Fund

Payout Change
Pending
Price as of:
$5.83 -0.02 -0.34%
primary theme
U.S. Conservative/Balanced Allocation

Name

As of 06/14/2024

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

$5.83

$366 M

7.20%

$0.42

1.10%

Vitals

YTD Return

7.0%

1 yr return

13.6%

3 Yr Avg Return

1.7%

5 Yr Avg Return

3.9%

Net Assets

$366 M

Holdings in Top 10

15.4%

52 WEEK LOW AND HIGH

$5.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.10%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

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 06/14/2024

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

$5.83

$366 M

7.20%

$0.42

1.10%

EKSDX - Profile

Distributions

  • YTD Total Return 7.0%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.15%
DIVIDENDS
  • Dividend Yield 7.2%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Allspring Diversified Income Builder Fund
  • Fund Family Name
    Allspring Funds
  • Inception Date
    Jul 30, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Admin
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kandarp Acharya

Fund Description

Under normal circumstances, we invest:
At least 80% of the Fund’s total assets in a diversified portfolio of U.S. and non-U.S. income-producing securities of any quality
Up to 40% of the Fund’s total assets in equity securities
Up to 25% of the Fund’s total assets in foreign equity and debt securities
The Fund’s target allocation is as follows:
60% to 90% in debt securities; and
10% to 40% in equity securities.
We employ a flexible, active allocation strategy to diversify the portfolio across various asset- and sub-asset classes in an attempt to achieve the Fund’s objective over an economic cycle, consistent with an appropriate level of risk. We start our investment process by looking at macroeconomic factors, such as the pace of economic growth, employment conditions, corporate profits, inflation rates, monetary and fiscal policy, within the context of other even broader factors, including the influence of international economic and financial conditions. This top-down, macroeconomic outlook helps us determine the allocations to the various asset- and sub-asset classes. Implementation of these allocations could involve either actively- or passively-managed approaches. We may allocate a maximum of 20% of the Fund’s assets in a manner intended to replicate the performance of indexes.
Within the Fund’s fixed income allocation, we invest in a diversified portfolio of U.S. and non-U.S. income-producing securities of any quality, and we may invest without limit in below investment-grade debt securities (often called “high-yield” securities or “junk bonds”). As part of our below investment-grade debt securities investment strategy, we will generally invest in securities that are rated BB through CCC by S&P, or an equivalent quality rating from another Nationally Recognized Statistical Ratings Organization, or as deemed by us to be of comparable quality. We may invest without limit in corporate bonds, government bonds, convertible bonds, loans, municipal bonds, and securitized bonds. We may invest in the debt of U.S. or foreign (including emerging markets) issuers.
Within the Fund’s equity allocation, we generally invest in dividend paying common and preferred stocks, real estate investment trusts and master limited partnerships. We may invest in equities issued by U.S. or foreign (including emerging markets) issuers of any size.
We may invest in derivatives, including listed equity and interest rate futures and swaps, either to manage the risk profile of the portfolio or to efficiently gain exposure to specific areas of the market.
We regularly review the portfolio allocation to ensure that it provides optimal balance of rewards (total return, including income) and risks. We may alter the allocation to asset- and sub-asset classes available for investment if we find that increasing or decreasing allocation to an asset- or sub-asset class would provide a better balance of expected risks and rewards net of the transaction costs of implementing these changes. Within each asset- and sub-asset class, each investment is regularly reviewed and may be sold when it has achieved its valuation target, there is deterioration in the underlying fundamentals of the business, we have identified a more attractive investment opportunity, or the investment does not facilitate the replication of an index’s return and risk characteristics.
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EKSDX - Performance

Return Ranking - Trailing

Period EKSDX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.0% 0.1% 18.2% 4.69%
1 Yr 13.6% 0.0% 27.6% 3.76%
3 Yr 1.7%* -15.2% 6.4% 16.95%
5 Yr 3.9%* -4.4% 8.0% 61.62%
10 Yr 4.7%* -0.2% 8.5% 18.56%

* Annualized

Return Ranking - Calendar

Period EKSDX Return Category Return Low Category Return High Rank in Category (%)
2023 7.4% -1.0% 27.4% 33.88%
2022 -19.1% -35.0% -7.4% 77.86%
2021 4.4% -11.5% 14.6% 25.37%
2020 1.3% -10.3% 40.7% 81.19%
2019 11.4% -9.5% 22.1% 28.38%

Total Return Ranking - Trailing

Period EKSDX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.0% 0.1% 18.2% 4.69%
1 Yr 13.6% 0.0% 27.6% 3.76%
3 Yr 1.7%* -15.2% 6.4% 16.95%
5 Yr 3.9%* -4.4% 8.0% 61.62%
10 Yr 4.7%* -0.2% 8.5% 18.56%

* Annualized

Total Return Ranking - Calendar

Period EKSDX Return Category Return Low Category Return High Rank in Category (%)
2023 12.8% 2.6% 28.2% 5.18%
2022 -16.0% -35.0% -3.1% 91.90%
2021 8.3% -11.5% 32.0% 38.29%
2020 4.8% -5.4% 40.7% 83.51%
2019 16.3% 4.5% 27.7% 23.61%

NAV & Total Return History


EKSDX - Holdings

Concentration Analysis

EKSDX Category Low Category High EKSDX % Rank
Net Assets 366 M 244 K 50.8 B 59.39%
Number of Holdings 555 2 4020 21.36%
Net Assets in Top 10 56.7 M 261 K 10.1 B 82.39%
Weighting of Top 10 15.39% 6.4% 127.7% 88.73%

Top 10 Holdings

  1. ALLSPRING GOVERNMENT MONEY MAR 3.52%
  2. Microsoft Corp 2.30%
  3. NVIDIA Corp 1.74%
  4. Amazon.com Inc 1.57%
  5. Apple Inc 1.21%
  6. Meta Platforms Inc 1.05%
  7. ING Groep NV 1.03%
  8. Alphabet Inc 1.02%
  9. Lloyds Banking Group PLC 0.99%
  10. Societe Generale SA 0.96%

Asset Allocation

Weighting Return Low Return High EKSDX % Rank
Bonds
60.76% 0.00% 80.16% 9.62%
Stocks
34.45% 0.00% 100.48% 79.34%
Convertible Bonds
5.07% 0.00% 71.77% 4.27%
Cash
4.38% -35.68% 27.77% 22.07%
Preferred Stocks
0.35% 0.00% 21.95% 14.55%
Other
0.06% -0.27% 62.24% 38.50%

Stock Sector Breakdown

Weighting Return Low Return High EKSDX % Rank
Technology
27.92% 0.22% 27.92% 1.19%
Financial Services
15.91% 0.00% 83.50% 28.88%
Consumer Cyclical
12.82% 0.00% 14.20% 1.67%
Healthcare
12.44% 0.00% 24.25% 68.74%
Communication Services
10.00% 0.00% 11.11% 3.34%
Industrials
7.77% 0.14% 17.90% 90.21%
Consumer Defense
3.70% 0.00% 18.62% 96.42%
Energy
3.41% 0.00% 62.93% 83.77%
Basic Materials
2.32% 0.00% 32.82% 94.51%
Utilities
1.88% 0.00% 48.33% 93.79%
Real Estate
1.81% 0.00% 43.16% 93.79%

Stock Geographic Breakdown

Weighting Return Low Return High EKSDX % Rank
US
25.14% 0.00% 100.48% 80.99%
Non US
9.31% 0.00% 23.57% 11.03%

Bond Sector Breakdown

Weighting Return Low Return High EKSDX % Rank
Corporate
61.79% 0.00% 96.66% 11.37%
Government
11.85% 0.00% 63.33% 83.18%
Securitized
11.81% 0.00% 52.08% 73.70%
Municipal
3.56% 0.00% 99.85% 11.14%
Cash & Equivalents
3.52% 0.00% 27.77% 24.18%
Derivative
0.06% -0.30% 62.23% 22.30%

Bond Geographic Breakdown

Weighting Return Low Return High EKSDX % Rank
US
56.85% 0.00% 80.16% 9.86%
Non US
3.91% 0.00% 6.53% 3.99%

EKSDX - Expenses

Operational Fees

EKSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% 0.06% 21.26% 35.68%
Management Fee 0.55% 0.00% 1.25% 83.76%
12b-1 Fee 0.00% 0.00% 1.00% 8.33%
Administrative Fee 0.13% 0.01% 0.70% 62.86%

Sales Fees

EKSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

EKSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

EKSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 380.00% 55.93%

EKSDX - Distributions

Dividend Yield Analysis

EKSDX Category Low Category High EKSDX % Rank
Dividend Yield 7.20% 0.00% 7.99% 11.50%

Dividend Distribution Analysis

EKSDX Category Low Category High Category Mod
Dividend Distribution Frequency None SemiAnnual Monthly Monthly

Net Income Ratio Analysis

EKSDX Category Low Category High EKSDX % Rank
Net Income Ratio 3.15% -1.22% 6.83% 11.67%

Capital Gain Distribution Analysis

EKSDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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EKSDX - Fund Manager Analysis

Managers

Kandarp Acharya


Start Date

Tenure

Tenure Rank

Jan 02, 2018

4.41

4.4%

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

Dec 13, 2021

0.46

0.5%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.73 6.41 2.41