Private equity firms GTCR and Reverence Capital jointly acquired the former Wells Fargo Asset Management from U.S.-based bank Wells Fargo & Co. in November 2021 and rebranded the new entity Allspring Global Investments. This move severs nearly all of Allspring’s ties with its former parent company (Wells Fargo retains an ownership stake just shy of 10%), which removes the stigma related to the bank’s regulatory issues that surfaced in 2016. However, typical private equity firm investment holding periods, which often range from five to seven years, mean that uncertainty will come again for Allspring; in the meantime, its new owners could encourage nearer-term growth or changes with a shorter investment horizon in mind than those of long-term Allspring fund investors.
Allspring
Allspring Investments
Market
US Open-end ex MM ex FoF ex FeederTotal Net Assets
66.95 BilInvestment Flows (TTM)
−8.76 BilAsset Growth Rate (TTM)
−11.08%# of Share Classes
399
Morningstar Rating
|
# of Share Classes
|
|---|---|
| 35 | |
| 99 | |
| 124 | |
| 106 | |
| 27 | |
| Not Rated | 8 |
0%
25
50
Name
|
Morningstar Rating Overall
|
5-Year Category Rank
|
|---|---|---|
| Allspring Diversified Cap Bldr A | 6 | |
| Allspring Spectrum Aggressive Gr A | 9 | |
| Allspring Core Plus Bond A | 12 | |
| Allspring Minnesota Tax-Free Instl | 2 | |
| Allspring Real Return Institutional | 4 |
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