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Morningstar

Allspring Diversified Income Bldr Inst EKSYX

Morningstar Medalist Rating
Medalist Rating as of | See Allspring Investment Hub
  • NAV / 1-Day Return 5.68  /  −0.13 %
  • Total Assets 344.0 Mil
  • Adj. Expense Ratio
    0.520%
  • Expense Ratio 0.520%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Moderately Conservative Allocation
  • Investment Style Large Growth
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 5.03%
  • Turnover 45%

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 11:53 PM GMT+0

Morningstar’s Analysis EKSYX

Will EKSYX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable EKSYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the EKSYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of EKSYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Allspring Manager Departure; No Changes to the Morningstar Medalist Rating

null Nour Al Twal

Nour Al Twal

Analyst Note

Effective Feb. 15, 2024, decade-long Allspring portfolio manager Kandarp Acharya departed the firm and came off the roster of multiple multi-asset strategies, including Allspring Diversified Income builder. Acharya has since started a new position at Aperio, a BlackRock-owned firm. This manager change does not affect the fund’s People Pillar rating of Average. Portfolio managers Petros Bocray and David Kowalske are now in charge of the fund. Kowalske only joined the roster in mid-January 2024, though he has been with the firm since 2014 and the multi-asset group since 2018. Kowalske’s background in risk management and familiarity with the team make him an appropriate fit for this strategy. The team has seen other changes in the last two years, but the multi-asset teams’ collaborative approach and resources mitigate concerns around these changes.

by Nour Al Twal
Published on

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Portfolio Holdings EKSYX

More EKSYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Eur240402

6.70 27.6 Mil
Derivative

European Bank For Reconstruction & Development 0%

3.55 14.6 Mil
Cash and Equivalents

Allspring Government MMkt Select

3.15 13.0 Mil
Cash and Equivalents

Microsoft Corp

2.06 8.5 Mil
Technology

NVIDIA Corp

1.56 6.4 Mil
Technology

Amazon.com Inc

1.40 5.8 Mil
Consumer Cyclical

Apple Inc

1.09 4.5 Mil
Technology

10 Year Treasury Note Future June 24

1.08 4.4 Mil
Government

Meta Platforms Inc Class A

0.94 3.9 Mil
Communication Services

ING Groep N.V. 6.75%

0.92 3.8 Mil
Corporate