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Allspring Conservative Income Fund
mutual fund
WCIAX
Payout Change
Pending
Price as of:
$9.95
+0.0
+0.0%
primary theme
N/A
share class
WCIAX (Mutual Fund)
Allspring Conservative Income Fund
Payout Change
Pending
Price as of:
$9.95
+0.0
+0.0%
primary theme
N/A
share class
WCIAX (Mutual Fund)
Allspring Conservative Income Fund
Payout Change
Pending
Price as of:
$9.95
+0.0
+0.0%
primary theme
N/A
share class
Name
As of 10/25/2024Price
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
4.3%
1 yr return
5.6%
3 Yr Avg Return
3.0%
5 Yr Avg Return
N/A
Net Assets
$148 M
Holdings in Top 10
22.8%
52 WEEK LOW AND HIGH
$10.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.63%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 111.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/25/2024Price
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
WCIAX - Profile
Distributions
- YTD Total Return 4.3%
- 3 Yr Annualized Total Return 3.0%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.35%
- Dividend Yield 4.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAllspring Conservative Income Fund
-
Fund Family NameAllspring Funds
-
Inception DateMay 29, 2020
-
Shares OutstandingN/A
-
Share ClassA2
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAndrew Greenberg
Fund Description
Under normal circumstances, we invest:
| ■ | substantially all of the Fund’s net assets in U.S. dollar-denominated short-term fixed-, floating- and variable-rate debt securities that meet our minimum quality standards. |
Under normal circumstances, we invest substantially all of the Fund’s net assets in U.S. dollar-denominated short-term fixed-, floating- and variable-rate debt securities that have received either a minimum short-term rating of at least A-2 (or its equivalent) or a minimum long-term rating of BBB (or its equivalent), by one or more Nationally Recognized Statistical Ratings Organizations (“NRSROs”), or, if unrated, that are deemed by us to be of comparable quality at the time of purchase. However, under normal circumstances, we will not invest more than 30% of the Fund’s net assets in securities that have received either a short-term rating of A-2 (or its equivalent) or a long-term rating of BBB or BBB plus (or their equivalents), by one or more NRSROs, or, if unrated, that are deemed by us to be of comparable quality at the time of purchase.
We will concentrate the Fund’s investments in the banking industry, which means we will normally invest at least 25% of the Fund’s total assets in securities and other obligations of issuers in that industry. We may, however, invest less than 25% of the Fund’s assets in this industry as a temporary defensive measure.
Our portfolio holdings may include commercial paper, repurchase agreements, certificates of deposit, time deposits, bankers’ acceptances, U.S. Government obligations, municipal securities, corporate debt securities and mortgage- and asset-backed securities. The Fund also considers its investment in a cash sweep vehicle to constitute a “debt security” for purposes of the Fund’s investment strategy. We may invest in the U.S. dollar-denominated debt securities of both domestic and foreign issuers. We may also use Treasury futures for duration and yield curve management. The Fund will not invest in auction rate securities, structured investment vehicle (SIV) structures or mortgage- or asset-backed securities primarily backed by sub-prime or Alt-A residential collateral.
While we may invest in securities with a maximum maturity, average life or demand feature of three and one quarter years, under normal circumstances, we expect the Fund’s dollar-weighted average effective maturity to be one year or less. “Dollar-Weighted Average Effective Maturity” is a measure of the average time until the final payment of principal and interest is due on fixed income securities in the Fund’s portfolio.
We employ a combination of bottom-up, security-level analysis with a top down macroeconomic view to formulate security selection, sector and credit quality positioning, and duration decisions. Macroeconomic factors considered may include, among others, the pace of economic growth, employment conditions, corporate profits, inflation, monetary and fiscal policy, as well as the influence of international economic and financial conditions.
Our security selection process employs fundamental and quantitative techniques to identify attractive, risk-adjusted return opportunities among debt securities. Elements of this evaluation may include, among others, credit research, the measurement of volatility trends and historical yield spread relationships, and estimates of liquidity and investor demand. Our fundamental credit analysis may consider an issuer’s general financial condition, its competitive position and its management strategies, as well as industry characteristics and other factors.
Though the Fund’s net asset value will fluctuate, the Fund’s principal investment strategies are intended to manage volatility.
The Fund is not a money market fund.
WCIAX - Performance
Return Ranking - Trailing
| Period | WCIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.3% | -0.8% | 7.1% | 84.26% |
| 1 Yr | 5.6% | 3.6% | 10.2% | 83.80% |
| 3 Yr | 3.0%* | -1.4% | 6.8% | 77.88% |
| 5 Yr | N/A* | -0.9% | 4.4% | 51.72% |
| 10 Yr | N/A* | -4.2% | 27.9% | N/A |
* Annualized
Return Ranking - Calendar
| Period | WCIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.6% | -2.3% | 4.3% | 77.31% |
| 2022 | -1.5% | -6.5% | 0.5% | 36.36% |
| 2021 | -0.4% | -2.1% | 0.3% | 43.84% |
| 2020 | N/A | -3.1% | 1.8% | N/A |
| 2019 | N/A | -1.2% | 6.1% | N/A |
Total Return Ranking - Trailing
| Period | WCIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.3% | -0.8% | 7.1% | 84.26% |
| 1 Yr | 5.6% | 3.6% | 10.2% | 83.80% |
| 3 Yr | 3.0%* | -1.4% | 6.8% | 77.88% |
| 5 Yr | N/A* | -0.9% | 4.4% | 50.25% |
| 10 Yr | N/A* | -4.2% | 27.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | WCIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.7% | 0.8% | 12.1% | 57.87% |
| 2022 | 0.0% | -5.1% | 2.5% | 45.45% |
| 2021 | -0.1% | -2.1% | 14.5% | 79.80% |
| 2020 | N/A | -1.0% | 3.6% | N/A |
| 2019 | N/A | 0.3% | 9.6% | N/A |
NAV & Total Return History
WCIAX - Holdings
Concentration Analysis
| WCIAX | Category Low | Category High | WCIAX % Rank | |
|---|---|---|---|---|
| Net Assets | 148 M | 26.3 K | 22.6 B | 82.87% |
| Number of Holdings | 84 | 2 | 1258 | 87.50% |
| Net Assets in Top 10 | 28.9 M | 23.7 K | 22.7 B | 81.94% |
| Weighting of Top 10 | 22.77% | 6.3% | 159.6% | 40.28% |
Top 10 Holdings
- ALLSPRING GOVERNMENT MONEY MAR 5.09%
- Bank of America NA 1.99%
- Morgan Stanley Bank NA 1.98%
- Wells Fargo Bank NA 1.98%
- World Omni Auto Receivables Trust 2022-D 1.98%
- Toronto-Dominion Bank/The 1.97%
- Philip Morris International Inc 1.97%
- Simon Property Group LP 1.97%
- State Street Corp 1.95%
- JPMorgan Chase Co 1.89%
Asset Allocation
| Weighting | Return Low | Return High | WCIAX % Rank | |
|---|---|---|---|---|
| Bonds | 67.06% | 0.00% | 129.63% | 73.61% |
| Other | 27.53% | -8.85% | 99.91% | 11.11% |
| Convertible Bonds | 9.09% | 0.00% | 15.25% | 10.70% |
| Cash | 5.40% | 0.00% | 112.72% | 43.98% |
| Stocks | 0.00% | 0.00% | 97.16% | 78.24% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 76.85% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | WCIAX % Rank | |
|---|---|---|---|---|
| Corporate | 61.44% | 0.00% | 99.91% | 14.42% |
| Securitized | 25.09% | 0.00% | 100.00% | 51.16% |
| Cash & Equivalents | 5.09% | 0.00% | 112.72% | 42.13% |
| Municipal | 4.92% | 0.00% | 70.39% | 6.51% |
| Derivative | 0.00% | -8.85% | 16.56% | 63.43% |
| Government | 0.00% | 0.00% | 100.00% | 93.95% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | WCIAX % Rank | |
|---|---|---|---|---|
| US | 67.06% | 0.00% | 129.63% | 73.61% |
| Non US | 0.00% | 0.00% | 20.18% | 81.48% |
WCIAX - Expenses
Operational Fees
| WCIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.63% | 0.08% | 29.63% | 32.86% |
| Management Fee | 0.25% | 0.00% | 1.19% | 56.94% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 22.35% |
| Administrative Fee | 0.16% | 0.01% | 0.40% | 83.16% |
Sales Fees
| WCIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.50% | 5.75% | N/A |
| Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
| WCIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 1.00% | 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.
| WCIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 111.00% | 0.00% | 369.54% | 84.07% |
WCIAX - Distributions
Dividend Yield Analysis
| WCIAX | Category Low | Category High | WCIAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.73% | 0.00% | 8.76% | 35.19% |
Dividend Distribution Analysis
| WCIAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
| WCIAX | Category Low | Category High | WCIAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.35% | -1.30% | 14.86% | 64.42% |
Capital Gain Distribution Analysis
| WCIAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.039 | OrdinaryDividend |
| Aug 30, 2024 | $0.041 | OrdinaryDividend |
| Jul 31, 2024 | $0.041 | OrdinaryDividend |
| Apr 30, 2024 | $0.042 | OrdinaryDividend |
| Mar 28, 2024 | $0.043 | OrdinaryDividend |
| Feb 28, 2024 | $0.043 | OrdinaryDividend |
| Jan 31, 2024 | $0.044 | OrdinaryDividend |
| Dec 29, 2023 | $0.044 | OrdinaryDividend |
| Nov 30, 2023 | $0.043 | OrdinaryDividend |
| Oct 31, 2023 | $0.043 | OrdinaryDividend |
| Sep 29, 2023 | $0.041 | OrdinaryDividend |
| Aug 31, 2023 | $0.040 | OrdinaryDividend |
| Jul 31, 2023 | $0.039 | OrdinaryDividend |
| Jun 30, 2023 | $0.038 | OrdinaryDividend |
| May 31, 2023 | $0.038 | OrdinaryDividend |
| Apr 28, 2023 | $0.037 | OrdinaryDividend |
| Mar 31, 2023 | $0.037 | OrdinaryDividend |
| Feb 28, 2023 | $0.032 | OrdinaryDividend |
| Jan 31, 2023 | $0.029 | OrdinaryDividend |
| Dec 30, 2022 | $0.027 | OrdinaryDividend |
| Nov 30, 2022 | $0.024 | OrdinaryDividend |
| Oct 31, 2022 | $0.022 | OrdinaryDividend |
| Sep 29, 2022 | $0.019 | OrdinaryDividend |
| Aug 31, 2022 | $0.016 | OrdinaryDividend |
| Jul 29, 2022 | $0.014 | OrdinaryDividend |
| Jun 30, 2022 | $0.010 | OrdinaryDividend |
| May 30, 2022 | $0.008 | OrdinaryDividend |
| Apr 28, 2022 | $0.005 | OrdinaryDividend |
| Mar 31, 2022 | $0.001 | OrdinaryDividend |
| Feb 28, 2022 | $0.001 | OrdinaryDividend |
| Jan 31, 2022 | $0.001 | OrdinaryDividend |
| Dec 31, 2021 | $0.001 | OrdinaryDividend |
| Nov 30, 2021 | $0.001 | OrdinaryDividend |
| Oct 29, 2021 | $0.001 | OrdinaryDividend |
| Sep 30, 2021 | $0.001 | OrdinaryDividend |
| Aug 31, 2021 | $0.000 | ReturnOfCapital |
| Aug 31, 2021 | $0.001 | OrdinaryDividend |
| Jul 30, 2021 | $0.002 | OrdinaryDividend |
| Jun 30, 2021 | $0.000 | ReturnOfCapital |
| Jun 30, 2021 | $0.003 | OrdinaryDividend |
| May 31, 2021 | $0.000 | ReturnOfCapital |
| May 31, 2021 | $0.003 | OrdinaryDividend |
| Apr 30, 2021 | $0.000 | ReturnOfCapital |
| Apr 30, 2021 | $0.003 | OrdinaryDividend |
| Mar 31, 2021 | $0.000 | ReturnOfCapital |
| Mar 31, 2021 | $0.003 | OrdinaryDividend |
| Feb 28, 2021 | $0.000 | ReturnOfCapital |
| Feb 28, 2021 | $0.003 | OrdinaryDividend |
| Jan 31, 2021 | $0.000 | ReturnOfCapital |
| Jan 31, 2021 | $0.002 | OrdinaryDividend |
| Dec 31, 2020 | $0.004 | OrdinaryDividend |
| Nov 30, 2020 | $0.005 | OrdinaryDividend |
| Oct 30, 2020 | $0.005 | OrdinaryDividend |
| Sep 30, 2020 | $0.006 | OrdinaryDividend |
| Aug 31, 2020 | $0.007 | OrdinaryDividend |
| Jul 31, 2020 | $0.007 | OrdinaryDividend |
| Jun 30, 2020 | $0.009 | OrdinaryDividend |
WCIAX - Fund Manager Analysis
Managers
Andrew Greenberg
Start Date
Tenure
Tenure Rank
May 31, 2013
9.01
9.0%
Andrew Greenberg is a senior portfolio manager for separate account portfolios for the Short Duration Fixed Income team at Allspring Global Investments. He manages portfolios as well as the staff on the Short Duration Portfolio Management team. Andrew joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to joining WFAM, he was vice president and portfolio manager at Scudder Kemper Investments for four years. In this role, he managed $6 billion in fixed income funds for defined benefit pension plans. Earlier, Andrew was an assistant vice president for Deutsche Bank, where he originated fixed income transactions for U.S. and international corporations and agencies. He also held a credit analyst position at Drexel Burnham Lambert. Andrew earned a bachelor’s degree in government–international relations from Cornell University and a master’s degree in business administration with an emphasis in finance from the Stern School of Business at New York University. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation and served as president of CFA Society San Francisco.
Jeffrey Weaver
Start Date
Tenure
Tenure Rank
May 31, 2013
9.01
9.0%
Jeffrey (Jeff) Weaver is a senior portfolio manager and head of Global Liquidity Solutions at Allspring Global Investments. In this capacity, he is responsible for managing and overseeing portfolio teams focused on managing short duration and money market strategies, including funds and separate accounts. Jeff provides strategic oversight that enables an integrated approach to the broad range of liquidity products. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). He joined WFAM in 1994 as a portfolio manager working with institutional fixed income portfolios and mutual funds. Jeff began his investment industry career in 1991 at Bankers Trust Company in New York as a short-term fixed income trader and portfolio manager. Jeff earned a bachelor’s degree in economics from the University of Colorado, Boulder. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation and is a member of CFA Institute and CFA Society San Francisco.
Anthony Melville
Start Date
Tenure
Tenure Rank
May 31, 2013
9.01
9.0%
Anthony Melville is a senior portfolio manager for the Short Duration Fixed Income team at Allspring Global Investments. He specializes in managing short duration taxable portfolios emphasizing corporate, agency, and asset-backed sectors. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Previously, as a relationship manager, Anthony’s duties included performance calculation and presentation, reviewing institutional client guidelines for suitability, and making recommendations on strategies to help clients in achieving their goals. He earned a bachelor’s degree in economics from California State University, Northridge, and a master’s degree in business administration with an emphasis in finance from St. Mary’s College of California. Anthony has earned the right to use the Chartered Financial Analyst® (CFA®) designation and is a member of CFA Institute and CFA Society San Francisco.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 32.44 | 6.56 | 0.13 |
