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.
Allspring Diversified Income Bldr A EKSAX
- NAV / 1-Day Return 5.96 / +0.17 %
- Total Assets 368.4 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.840%
- Distribution Fee Level Below Average
- Share Class Type Front Load
- Category Moderately Conservative Allocation
- Investment Style Large Growth
- Credit Quality / Interest Rate Sensitivity —
- Status Open
- TTM Yield 4.68%
- Turnover 45%
USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 11:52 PM GMT+0
Morningstar’s Analysis EKSAX
Will EKSAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 13.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Allspring Government MMkt Select | 4.13 | 14.8 Mil | Cash and Equivalents |
Microsoft Corp | 2.33 | 8.3 Mil | Technology |
10 Year Treasury Note Future June 24 | 2.13 | 7.6 Mil | Government |
Amazon.com Inc | 1.58 | 5.7 Mil | Consumer Cyclical |
NVIDIA Corp | 1.58 | 5.6 Mil | Technology |
Apple Inc | 1.43 | 5.1 Mil | Technology |
Meta Platforms Inc Class A | 1.07 | 3.8 Mil | Communication Services |
ING Groep N.V. 6.75% | 1.06 | 3.8 Mil | Corporate |
Lloyds Banking Group PLC 7.5% | 1.02 | 3.7 Mil | Corporate |
Societe Generale S.A. 8% | 0.99 | 3.5 Mil | Corporate |