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Allspring Short Duration Government Bond Fund
mutual fund
MSDRX
Payout Change
Pending
Price as of:
$8.94
+0.0
+0.0%
primary theme
U.S. Short-Term Bond Duration
share class
MSDRX (Mutual Fund)
Allspring Short Duration Government Bond Fund
Payout Change
Pending
Price as of:
$8.94
+0.0
+0.0%
primary theme
U.S. Short-Term Bond Duration
share class
MSDRX (Mutual Fund)
Allspring Short Duration Government Bond Fund
Payout Change
Pending
Price as of:
$8.94
+0.0
+0.0%
primary theme
U.S. Short-Term Bond Duration
share class
Name
As of 12/11/2024Price
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
4.6%
1 yr return
5.1%
3 Yr Avg Return
1.0%
5 Yr Avg Return
1.1%
Net Assets
$204 M
Holdings in Top 10
47.6%
52 WEEK LOW AND HIGH
$8.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 294.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
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
MSDRX - Profile
Distributions
- YTD Total Return 4.6%
- 3 Yr Annualized Total Return 1.0%
- 5 Yr Annualized Total Return 1.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.42%
- Dividend Yield 4.6%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAllspring Short Duration Government Bond Fund
-
Fund Family NameAllspring Funds
-
Inception DateNov 30, 2012
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJarad Vasquez
Fund Description
Under normal circumstances, we invest:
| ■ | at least 90% of the Fund’s net assets in U.S. Government obligations; and |
| ■ | up to 10% of the Fund’s net assets in non-government mortgage- and asset-backed securities. |
We invest principally in U.S. Government obligations, including debt securities issued or guaranteed by the U.S. Treasury, U.S. Government agencies or government-sponsored entities. We will purchase only securities that are rated, at the time of purchase, within the two highest rating categories assigned by a Nationally Recognized Statistical Ratings Organization, or are deemed by us to be of comparable quality. As part of our investment strategy, we may enter into mortgage dollar rolls. While we may purchase securities of any maturity or duration, under normal circumstances, we expect the portfolio’s overall dollar-weighted average effective duration to be less than that of a 3-year U.S. Treasury note. “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. 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 invest in debt securities that we believe offer competitive returns and are undervalued, offering additional income and/or price appreciation potential, relative to other debt securities of similar credit quality and interest rate sensitivity. As part of our investment strategy, we invest in mortgage-backed securities guaranteed by U.S. Government agencies that we believe will sufficiently outperform U.S. Treasuries. We may sell a security that has achieved its desired return or if we believe the security or its sector has become overvalued. We may also sell a security if a more attractive opportunity becomes available or if the security is no longer attractive due to its risk profile or as a result of changes in the overall market environment.
MSDRX - Performance
Return Ranking - Trailing
| Period | MSDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.6% | 0.9% | 19.9% | 71.02% |
| 1 Yr | 5.1% | 2.4% | 21.5% | 77.74% |
| 3 Yr | 1.0%* | -5.0% | 6.1% | 78.60% |
| 5 Yr | 1.1%* | -3.8% | 5.8% | 86.42% |
| 10 Yr | 1.2%* | -18.5% | 170.6% | 83.38% |
* Annualized
Return Ranking - Calendar
| Period | MSDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.6% | -1.6% | 7.6% | 95.38% |
| 2022 | -7.7% | -17.7% | -2.6% | 66.14% |
| 2021 | -2.4% | -4.0% | 4.4% | 89.34% |
| 2020 | 1.4% | -7.1% | 7.6% | 64.61% |
| 2019 | 0.8% | -2.3% | 9.3% | 96.81% |
Total Return Ranking - Trailing
| Period | MSDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.6% | 0.9% | 19.9% | 71.02% |
| 1 Yr | 5.1% | 2.4% | 21.5% | 77.74% |
| 3 Yr | 1.0%* | -5.0% | 6.1% | 78.60% |
| 5 Yr | 1.1%* | -3.8% | 5.8% | 86.42% |
| 10 Yr | 1.2%* | -18.5% | 170.6% | 83.38% |
* Annualized
Total Return Ranking - Calendar
| Period | MSDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.9% | 1.8% | 15.2% | 72.88% |
| 2022 | -5.5% | -17.3% | -1.3% | 63.99% |
| 2021 | -1.0% | -2.7% | 7.7% | 86.72% |
| 2020 | 3.9% | -2.4% | 14.5% | 58.85% |
| 2019 | 4.0% | 0.6% | 12.6% | 75.53% |
NAV & Total Return History
MSDRX - Holdings
Concentration Analysis
| MSDRX | Category Low | Category High | MSDRX % Rank | |
|---|---|---|---|---|
| Net Assets | 204 M | 14.5 K | 57.3 B | 81.61% |
| Number of Holdings | 73 | 2 | 8314 | 88.51% |
| Net Assets in Top 10 | 85.7 M | 1.05 M | 6.81 B | 73.75% |
| Weighting of Top 10 | 47.61% | 2.0% | 108.1% | 13.60% |
Top 10 Holdings
- U.S. Treasury Notes 8.85%
- Fannie Mae Pool 8.85%
- U.S. Treasury Notes 4.99%
- ALLSPRING GOVERNMENT MONEY MAR 4.49%
- U.S. Treasury Notes 4.07%
- Fannie Mae REMICS 3.66%
- Fannie Mae REMICS 3.53%
- Fannie Mae REMICS 3.40%
- Fannie Mae REMICS 2.88%
- Freddie Mac REMICS 2.88%
Asset Allocation
| Weighting | Return Low | Return High | MSDRX % Rank | |
|---|---|---|---|---|
| Bonds | 93.36% | 0.00% | 131.65% | 28.35% |
| Other | 6.37% | -0.97% | 73.75% | 52.87% |
| Cash | 4.49% | -20.59% | 68.64% | 32.76% |
| Stocks | 0.00% | 0.00% | 99.96% | 37.55% |
| Preferred Stocks | 0.00% | 0.00% | 24.12% | 32.57% |
| Convertible Bonds | 0.00% | 0.00% | 27.71% | 93.86% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MSDRX % Rank | |
|---|---|---|---|---|
| Securitized | 53.13% | 0.00% | 97.27% | 6.33% |
| Government | 44.25% | 0.00% | 73.63% | 16.12% |
| Cash & Equivalents | 4.49% | 0.00% | 68.64% | 29.12% |
| Derivative | 0.00% | -0.72% | 25.70% | 45.02% |
| Corporate | 0.00% | 0.00% | 99.82% | 99.42% |
| Municipal | 0.00% | 0.00% | 14.41% | 62.38% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MSDRX % Rank | |
|---|---|---|---|---|
| US | 93.36% | 0.00% | 126.86% | 24.71% |
| Non US | 0.00% | 0.00% | 87.70% | 30.84% |
MSDRX - Expenses
Operational Fees
| MSDRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.45% | 0.01% | 3.29% | 74.04% |
| Management Fee | 0.35% | 0.00% | 1.19% | 54.21% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 3.00% |
| Administrative Fee | 0.03% | 0.01% | 0.41% | 3.32% |
Sales Fees
| MSDRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 5.75% | N/A |
| Deferred Load | N/A | 0.50% | 4.00% | N/A |
Trading Fees
| MSDRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| MSDRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 294.00% | 2.00% | 500.00% | 91.13% |
MSDRX - Distributions
Dividend Yield Analysis
| MSDRX | Category Low | Category High | MSDRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.63% | 0.00% | 11.11% | 17.82% |
Dividend Distribution Analysis
| MSDRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| MSDRX | Category Low | Category High | MSDRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.42% | -1.27% | 4.98% | 86.55% |
Capital Gain Distribution Analysis
| MSDRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.035 | OrdinaryDividend |
| Oct 31, 2024 | $0.035 | OrdinaryDividend |
| Sep 30, 2024 | $0.035 | OrdinaryDividend |
| Aug 30, 2024 | $0.037 | OrdinaryDividend |
| Jul 31, 2024 | $0.037 | OrdinaryDividend |
| Apr 30, 2024 | $0.036 | OrdinaryDividend |
| Mar 28, 2024 | $0.035 | OrdinaryDividend |
| Feb 29, 2024 | $0.035 | OrdinaryDividend |
| Jan 31, 2024 | $0.035 | OrdinaryDividend |
| Dec 29, 2023 | $0.036 | OrdinaryDividend |
| Nov 30, 2023 | $0.035 | OrdinaryDividend |
| Oct 31, 2023 | $0.034 | OrdinaryDividend |
| Sep 29, 2023 | $0.034 | OrdinaryDividend |
| Aug 31, 2023 | $0.032 | OrdinaryDividend |
| Jul 31, 2023 | $0.029 | OrdinaryDividend |
| Jun 30, 2023 | $0.028 | OrdinaryDividend |
| May 31, 2023 | $0.027 | OrdinaryDividend |
| Apr 28, 2023 | $0.026 | OrdinaryDividend |
| Mar 31, 2023 | $0.024 | OrdinaryDividend |
| Feb 28, 2023 | $0.023 | OrdinaryDividend |
| Jan 31, 2023 | $0.023 | OrdinaryDividend |
| Dec 30, 2022 | $0.023 | OrdinaryDividend |
| Nov 30, 2022 | $0.022 | OrdinaryDividend |
| Oct 31, 2022 | $0.020 | OrdinaryDividend |
| Sep 30, 2022 | $0.020 | OrdinaryDividend |
| Aug 31, 2022 | $0.020 | OrdinaryDividend |
| Jul 29, 2022 | $0.019 | OrdinaryDividend |
| Jun 30, 2022 | $0.017 | OrdinaryDividend |
| May 31, 2022 | $0.016 | OrdinaryDividend |
| Apr 28, 2022 | $0.013 | OrdinaryDividend |
| Mar 31, 2022 | $0.013 | OrdinaryDividend |
| Feb 28, 2022 | $0.011 | OrdinaryDividend |
| Jan 31, 2022 | $0.011 | OrdinaryDividend |
| Dec 31, 2021 | $0.011 | OrdinaryDividend |
| Nov 30, 2021 | $0.011 | OrdinaryDividend |
| Oct 29, 2021 | $0.011 | OrdinaryDividend |
| Sep 30, 2021 | $0.010 | OrdinaryDividend |
| Aug 31, 2021 | $0.010 | OrdinaryDividend |
| Jul 31, 2021 | $0.010 | OrdinaryDividend |
| Jun 30, 2021 | $0.010 | OrdinaryDividend |
| May 31, 2021 | $0.010 | OrdinaryDividend |
| Apr 30, 2021 | $0.010 | OrdinaryDividend |
| Mar 31, 2021 | $0.010 | OrdinaryDividend |
| Feb 28, 2021 | $0.011 | OrdinaryDividend |
| Jan 31, 2021 | $0.011 | OrdinaryDividend |
| Dec 31, 2020 | $0.012 | OrdinaryDividend |
| Nov 30, 2020 | $0.013 | OrdinaryDividend |
| Oct 30, 2020 | $0.013 | OrdinaryDividend |
| Sep 30, 2020 | $0.015 | OrdinaryDividend |
| Aug 31, 2020 | $0.017 | OrdinaryDividend |
| Jul 31, 2020 | $0.018 | OrdinaryDividend |
| Jun 30, 2020 | $0.022 | OrdinaryDividend |
| May 29, 2020 | $0.019 | OrdinaryDividend |
| Apr 30, 2020 | $0.021 | OrdinaryDividend |
| Mar 31, 2020 | $0.021 | OrdinaryDividend |
| Feb 28, 2020 | $0.021 | OrdinaryDividend |
| Jan 31, 2020 | $0.022 | OrdinaryDividend |
| Dec 31, 2019 | $0.023 | OrdinaryDividend |
| Nov 29, 2019 | $0.021 | OrdinaryDividend |
| Oct 31, 2019 | $0.022 | OrdinaryDividend |
| Sep 30, 2019 | $0.021 | OrdinaryDividend |
| Aug 30, 2019 | $0.024 | OrdinaryDividend |
| Jul 31, 2019 | $0.022 | OrdinaryDividend |
| Jun 28, 2019 | $0.023 | OrdinaryDividend |
MSDRX - Fund Manager Analysis
Managers
Jarad Vasquez
Start Date
Tenure
Tenure Rank
Oct 16, 2017
4.62
4.6%
Jarad Vasquez is a senior portfolio manager and co-head of the Core Fixed Income team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to joining WFAM, Jarad was a trader at Susquehanna International Group, where he traded mortgage-backed securities in a proprietary relative-value strategy and equity options as a specialist on the Philadelphia Stock Exchange. He began his investment industry career in 2001. Jarad earned a bachelor’s degree in management science from the Massachusetts Institute of Technology.
Maulik Bhansali
Start Date
Tenure
Tenure Rank
Oct 16, 2017
4.62
4.6%
Maulik Bhansali is a senior portfolio manager and co-head of the Core Fixed Income team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to his current role, Maulik served as an equity research analyst responsible for quantitative modeling and portfolio construction in addition to fundamental analysis for various equity teams. Before Joining WFAM, he served as a retirement actuary at Watson Wyatt Worldwide. He began his investment industry career in 2001. Maulik earned a bachelor’s degree in economics and international studies, graduating cum laude, from Yale University and a master’s degree in financial engineering from the University of California, Berkeley. He is an Associate of the Society of Actuaries and has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 28.77 | 6.16 | 2.41 |
