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Morningstar

Allspring Adjustable Rate Govt Inst EKIZX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 8.67  /  0.01 %
  • Total Assets 360.9 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 1,000,000
  • Status Open
  • TTM Yield 1.14%
  • Effective Duration 0.44 years

USD | NAV as of Jan 31, 2023 | 1-Day Return as of Jan 31, 2023, 1:09 AM GMT+00:00

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 strong team operates with a narrow purview.

Senior Analyst

Summary

| by R.J. D'Ancona

Allspring Adjustable Rate Government boasts a veteran lead manager, but its process is straightforward, and its niche focus makes it tough to stand out among more diversified peers. The strategy's cheaper share classes earn a Morningstar Analyst Rating of Neutral, while its priciest share class earns a Negative rating.

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