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Allspring Ultra Short-Term Income Fund
mutual fund
WUSNX
Payout Change
Pending
Price as of:
$8.81
+0.0
+0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
WUSNX (Mutual Fund)
Allspring Ultra Short-Term Income Fund
Payout Change
Pending
Price as of:
$8.81
+0.0
+0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
WUSNX (Mutual Fund)
Allspring Ultra Short-Term Income Fund
Payout Change
Pending
Price as of:
$8.81
+0.0
+0.0%
primary theme
U.S. Ultrashort 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
5.8%
1 yr return
6.0%
3 Yr Avg Return
3.7%
5 Yr Avg Return
N/A
Net Assets
$1.29 B
Holdings in Top 10
22.7%
52 WEEK LOW AND HIGH
$8.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.58%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 106.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
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
WUSNX - Profile
Distributions
- YTD Total Return 5.8%
- 3 Yr Annualized Total Return 3.7%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.73%
- Dividend Yield 4.3%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAllspring Ultra Short-Term Income Fund
-
Fund Family NameAllspring Funds
-
Inception DateMay 29, 2020
-
Shares OutstandingN/A
-
Share ClassA2
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChristopher Kauffman
Fund Description
Under normal circumstances, we invest:
| ■ | at least 80% of the Fund’s net assets in income-producing debt securities; |
| ■ | up to 25% of the Fund’s total assets in U.S. dollar-denominated debt securities of foreign issuers; and |
| ■ | up to 15% of the Fund’s total assets in below investment-grade debt securities. |
We invest principally in income-producing debt securities. Our portfolio holdings may include U.S. Government obligations, corporate debt securities, bank loans and mortgage- and asset-backed debt securities. These securities may have fixed, floating or variable rates. We may invest in investment-grade and below investment-grade debt securities (often called “high-yield” securities or “junk bonds”), as well as in debt securities of both domestic and foreign issuers. As part of our below investment-grade debt securities investment strategy, we will generally invest in securities that are rated at least BB by Standard & Poor’s or Ba by Moody’s, or an equivalent quality rating from another Nationally Recognized Statistical Ratings Organization, or are deemed by us to be of comparable quality. We may also use futures for duration and yield curve management. While we may purchase securities of any maturity or duration, under normal circumstances, we expect the Fund’s dollar-weighted average effective maturity to be 1.5 years or less and the Fund’s dollar-weighted average effective duration to be 1 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. “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 employ a top-down, macroeconomic outlook to determine the portfolio’s duration, yield curve positioning, credit quality and sector allocation. 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. In combination with our top-down, macroeconomic approach, we employ a bottom-up process of fundamental securities analysis to select the specific securities for investment. Elements of this evaluation may include credit research, duration measurements, historical yield spread relationships, volatility trends, mortgage refinance rates, as well as other factors. Our 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 including an assessment of environmental, social and governance (ESG) factors that are deemed to have material business and/or financial risk. 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. We may sell a security due to changes in credit characteristics or 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.
WUSNX - Performance
Return Ranking - Trailing
| Period | WUSNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.8% | 0.0% | 8.6% | 44.34% |
| 1 Yr | 6.0% | 1.0% | 9.2% | 41.04% |
| 3 Yr | 3.7%* | -0.9% | 7.1% | 53.66% |
| 5 Yr | N/A* | -0.8% | 4.4% | 16.26% |
| 10 Yr | N/A* | -4.1% | 27.9% | 21.64% |
* Annualized
Return Ranking - Calendar
| Period | WUSNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.1% | -2.3% | 4.3% | 5.66% |
| 2022 | -2.0% | -6.5% | 0.5% | 50.24% |
| 2021 | -0.5% | -2.1% | 0.3% | 49.25% |
| 2020 | N/A | -3.1% | 1.8% | N/A |
| 2019 | N/A | -1.2% | 6.1% | N/A |
Total Return Ranking - Trailing
| Period | WUSNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.8% | 0.0% | 8.6% | 44.34% |
| 1 Yr | 6.0% | 1.0% | 9.2% | 41.04% |
| 3 Yr | 3.7%* | -0.9% | 7.1% | 53.66% |
| 5 Yr | N/A* | -0.8% | 4.4% | 15.76% |
| 10 Yr | N/A* | -4.1% | 27.9% | 20.90% |
* Annualized
Total Return Ranking - Calendar
| Period | WUSNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.6% | 0.8% | 12.1% | 15.57% |
| 2022 | -0.5% | -5.1% | 2.5% | 60.98% |
| 2021 | 0.3% | -2.1% | 14.5% | 31.66% |
| 2020 | N/A | -1.0% | 3.6% | N/A |
| 2019 | N/A | 0.3% | 9.6% | N/A |
NAV & Total Return History
WUSNX - Holdings
Concentration Analysis
| WUSNX | Category Low | Category High | WUSNX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.29 B | 26.6 K | 22.6 B | 43.40% |
| Number of Holdings | 253 | 2 | 1258 | 56.60% |
| Net Assets in Top 10 | 259 M | 27.7 K | 22.7 B | 43.40% |
| Weighting of Top 10 | 22.66% | 6.3% | 159.6% | 48.58% |
Top 10 Holdings
- ALLSPRING GOVERNMENT MONEY MAR 4.31%
- U.S. Treasury Bills 2.63%
- U.S. Treasury Bills 2.62%
- SPDR Portfolio Short Term Corporate Bond ETF 2.24%
- U.S. Treasury Bills 2.19%
- U.S. Treasury Bills 2.06%
- U.S. Treasury Notes 1.78%
- U.S. Treasury Bills 1.75%
- SPGN 2022-TFLM Mortgage Trust 1.72%
- Domino's Pizza Master Issuer LLC 1.37%
Asset Allocation
| Weighting | Return Low | Return High | WUSNX % Rank | |
|---|---|---|---|---|
| Bonds | 70.19% | 0.00% | 129.63% | 70.28% |
| Cash | 16.98% | 0.00% | 112.72% | 18.40% |
| Other | 9.41% | -13.48% | 99.96% | 50.00% |
| Stocks | 3.43% | 0.00% | 97.16% | 8.96% |
| Convertible Bonds | 2.27% | 0.00% | 15.25% | 57.82% |
| Preferred Stocks | 0.00% | 0.00% | 1.02% | 84.91% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WUSNX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 0.87% | 100.00% |
| Technology | 0.00% | 0.00% | 32.06% | 100.00% |
| Real Estate | 0.00% | 0.00% | 0.00% | 100.00% |
| Industrials | 0.00% | 0.00% | 2.85% | 100.00% |
| Healthcare | 0.00% | 0.00% | 4.23% | 100.00% |
| Financial Services | 0.00% | 0.00% | 99.34% | 46.15% |
| Energy | 0.00% | 0.00% | 100.00% | 100.00% |
| Communication Services | 0.00% | 0.00% | 11.28% | 100.00% |
| Consumer Defense | 0.00% | 0.00% | 4.16% | 100.00% |
| Consumer Cyclical | 0.00% | 0.00% | 11.26% | 100.00% |
| Basic Materials | 0.00% | 0.00% | 0.00% | 100.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WUSNX % Rank | |
|---|---|---|---|---|
| US | 3.43% | 0.00% | 97.16% | 8.96% |
| Non US | 0.00% | 0.00% | 0.00% | 84.43% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | WUSNX % Rank | |
|---|---|---|---|---|
| Corporate | 36.71% | 0.00% | 99.91% | 58.77% |
| Securitized | 34.36% | 0.00% | 100.00% | 38.39% |
| Cash & Equivalents | 16.60% | 0.00% | 112.72% | 17.45% |
| Government | 2.71% | 0.00% | 100.00% | 46.45% |
| Municipal | 0.07% | 0.00% | 70.39% | 35.55% |
| Derivative | 0.03% | -13.48% | 16.56% | 16.98% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | WUSNX % Rank | |
|---|---|---|---|---|
| US | 70.19% | 0.00% | 129.63% | 69.81% |
| Non US | 0.00% | 0.00% | 20.18% | 86.32% |
WUSNX - Expenses
Operational Fees
| WUSNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.58% | 0.08% | 29.63% | 39.23% |
| Management Fee | 0.24% | 0.00% | 1.19% | 40.57% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 20.73% |
| Administrative Fee | 0.16% | 0.01% | 0.40% | 82.61% |
Sales Fees
| WUSNX 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
| WUSNX 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.
| WUSNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 106.00% | 0.00% | 336.00% | 83.71% |
WUSNX - Distributions
Dividend Yield Analysis
| WUSNX | Category Low | Category High | WUSNX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.33% | 0.00% | 8.76% | 87.26% |
Dividend Distribution Analysis
| WUSNX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| WUSNX | Category Low | Category High | WUSNX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.73% | -1.30% | 14.86% | 27.45% |
Capital Gain Distribution Analysis
| WUSNX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.032 | OrdinaryDividend |
| Oct 31, 2024 | $0.032 | OrdinaryDividend |
| Sep 30, 2024 | $0.032 | OrdinaryDividend |
| Aug 30, 2024 | $0.033 | OrdinaryDividend |
| Jul 31, 2024 | $0.032 | OrdinaryDividend |
| Apr 30, 2024 | $0.030 | OrdinaryDividend |
| Mar 28, 2024 | $0.030 | OrdinaryDividend |
| Feb 28, 2024 | $0.029 | OrdinaryDividend |
| Jan 31, 2024 | $0.029 | OrdinaryDividend |
| Dec 29, 2023 | $0.028 | OrdinaryDividend |
| Nov 30, 2023 | $0.026 | OrdinaryDividend |
| Oct 31, 2023 | $0.025 | OrdinaryDividend |
| Sep 29, 2023 | $0.023 | OrdinaryDividend |
| Aug 31, 2023 | $0.017 | OrdinaryDividend |
| Jul 31, 2023 | $0.024 | OrdinaryDividend |
| Jun 30, 2023 | $0.023 | OrdinaryDividend |
| May 31, 2023 | $0.023 | OrdinaryDividend |
| Apr 28, 2023 | $0.021 | OrdinaryDividend |
| Mar 31, 2023 | $0.020 | OrdinaryDividend |
| Feb 28, 2023 | $0.019 | OrdinaryDividend |
| Jan 31, 2023 | $0.018 | OrdinaryDividend |
| Dec 30, 2022 | $0.018 | OrdinaryDividend |
| Nov 30, 2022 | $0.016 | OrdinaryDividend |
| Oct 31, 2022 | $0.014 | OrdinaryDividend |
| Sep 29, 2022 | $0.013 | OrdinaryDividend |
| Aug 31, 2022 | $0.012 | OrdinaryDividend |
| Jul 29, 2022 | $0.009 | OrdinaryDividend |
| Jun 30, 2022 | $0.009 | OrdinaryDividend |
| May 30, 2022 | $0.008 | OrdinaryDividend |
| Apr 28, 2022 | $0.007 | OrdinaryDividend |
| Mar 31, 2022 | $0.006 | OrdinaryDividend |
| Feb 28, 2022 | $0.004 | OrdinaryDividend |
| Jan 31, 2022 | $0.003 | OrdinaryDividend |
| Dec 31, 2021 | $0.004 | OrdinaryDividend |
| Nov 30, 2021 | $0.003 | OrdinaryDividend |
| Oct 29, 2021 | $0.003 | OrdinaryDividend |
| Sep 30, 2021 | $0.003 | OrdinaryDividend |
| Aug 31, 2021 | $0.003 | OrdinaryDividend |
| Jul 30, 2021 | $0.004 | OrdinaryDividend |
| Jun 30, 2021 | $0.005 | OrdinaryDividend |
| May 31, 2021 | $0.006 | OrdinaryDividend |
| Apr 30, 2021 | $0.006 | OrdinaryDividend |
| Mar 31, 2021 | $0.006 | OrdinaryDividend |
| Feb 28, 2021 | $0.006 | OrdinaryDividend |
| Jan 31, 2021 | $0.006 | OrdinaryDividend |
| Dec 31, 2020 | $0.007 | OrdinaryDividend |
| Nov 30, 2020 | $0.008 | OrdinaryDividend |
| Oct 30, 2020 | $0.008 | OrdinaryDividend |
| Sep 30, 2020 | $0.009 | OrdinaryDividend |
| Aug 31, 2020 | $0.010 | OrdinaryDividend |
| Jul 31, 2020 | $0.011 | OrdinaryDividend |
| Jun 30, 2020 | $0.012 | OrdinaryDividend |
WUSNX - Fund Manager Analysis
Managers
Christopher Kauffman
Start Date
Tenure
Tenure Rank
Oct 01, 2010
11.67
11.7%
Christopher Kauffman is a senior portfolio manager for the Plus Fixed Income team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Christopher joined WFAM from Tattersall Advisory Group, where he served in a similar role. Before that, he was an investment officer for NISA Investment Advisors, where he was responsible for MBS analysis, risk assessment, and trading. He began his investment industry career in 1997. Christopher earned a bachelor’s degree in finance and economics and a master’s degree in business administration with an emphasis in finance from Washington University in St. Louis. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation and is a member of CFA Institute.
Noah Wise
Start Date
Tenure
Tenure Rank
Jan 01, 2013
9.42
9.4%
Noah Wise is a senior portfolio manager for the Plus Fixed Income team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Noah joined WFAM as a research analyst and later became a portfolio manager. Prior to joining the firm, Noah worked as a lead market maker for Interactive Brokers. Noah began his investment industry career in 2001. He earned a bachelor’s degree in finance and a master’s degree in business administration with an emphasis in securities analysis from the University of Wisconsin, Madison. Noah has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Michael Schueller
Start Date
Tenure
Tenure Rank
Jun 06, 2019
2.99
3.0%
Michael (Mike) Schueller is a senior portfolio manager for the Plus Fixed Income team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). He joined WFAM as a senior investment research analyst from Strong Capital Management, where he held a similar position. Mike rejoined Strong in 2000, having left the firm to start a trust department for Community Bank & Trust in Sheboygan, Wisconsin. Before that, he served as associate counsel for Strong’s legal department. Prior to this, Mike practiced law with Reinhart, Boerner, Van Deuren, Norris & Rieselbach, S.C., in Milwaukee, specializing in corporate reorganizations, mergers, and acquisitions. He began his investment industry career in 1998. Mike earned a bachelor’s degree in economics from the University of Minnesota and a law degree from the University of Wisconsin, Madison. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Michal Stanczyk
Start Date
Tenure
Tenure Rank
Jun 30, 2021
0.92
0.9%
Michal Stanczyk is a portfolio manager and research analyst for the Plus Fixed Income team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to joining WFAM, Michal worked for Wells Fargo within the Wholesale Leadership Pipeline Program. He began his investment industry in 2006. Michal earned a bachelor’s degree in economics from Indiana Wesleyan University.
Janet Rilling
Start Date
Tenure
Tenure Rank
Jan 01, 2022
0.41
0.4%
Janet Rilling is a senior portfolio manager and the head of the Plus Fixed Income team at Allspring Global Investments. In this capacity, she has oversight and portfolio management responsibilities for separate accounts, mutual funds, and commingled vehicles across a range of strategies. Janet joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). She joined WFAM from Strong Capital Management. Prior to joining WFAM, she was a high-yield and investment-grade credit research analyst and a portfolio manager. Janet began her investment industry career in 1990 as an auditor with Coopers & Lybrand, specializing in the manufacturing and financial services industries. She earned a bachelor’s degree in accounting and finance and a master’s degree in finance from the University of Wisconsin, Madison. Janet is a certified public accountant and has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 32.44 | 6.52 | 0.13 |
