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Morningstar

Allspring Adjustable Rate Govt Inst EKIZX

Morningstar Medalist Rating
Medalist Rating as of | See Allspring Investment Hub
  • NAV / 1-Day Return 8.82  /  +0.04 %
  • Total Assets 179.9 Mil
  • Adj. Expense Ratio
    0.460%
  • Expense Ratio 0.460%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 4.08%
  • Effective Duration 0.30 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0

Morningstar’s Analysis EKIZX

Will EKIZX 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 EKIZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the EKIZX 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 EKIZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A niche government-focused floating-rate strategy.

Senior Analyst Mike Mulach

Mike Mulach

Senior Analyst

Summary

Allspring Adjustable Rate Government boasts a veteran lead manager and solid supporting team, but its niche approach holds it back versus more diversified peers.

by Mike Mulach
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings EKIZX

More EKIZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings −10.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Allspring Government MMkt Select

4.47 8.1 Mil
Cash and Equivalents

FRESB 2022-SB94 MORTGAGE TRUST 1.72%

2.82 5.1 Mil
Securitized

Federal Home Loan Mortgage Corp. 6.495%

2.27 4.1 Mil
Securitized

Federal Home Loan Mortgage Corp. 6.523%

2.20 4.0 Mil
Securitized

Government National Mortgage Association 5.633%

1.84 3.3 Mil
Securitized

Federal Home Loan Mortgage Corp. 1.48027%

1.79 3.2 Mil
Securitized

Federal Home Loan Mortgage Corp. 5.84254%

1.68 3.0 Mil
Securitized

Federal National Mortgage Association 4.32867%

1.68 3.0 Mil
Securitized

Government National Mortgage Association 6.03732%

1.49 2.7 Mil
Securitized

Federal Home Loan Mortgage Corp. 5.84254%

1.48 2.7 Mil
Securitized