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 C EKSCX
- NAV / 1-Day Return 5.86 / −0.51 %
- Total Assets 344.6 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.590%
- Distribution Fee Level Average
- Share Class Type Level Load
- Category Moderately Conservative Allocation
- Investment Style Large Growth
- Credit Quality / Interest Rate Sensitivity —
- Status Open
- TTM Yield 3.84%
- Turnover 45%
USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 11:55 PM GMT+0
Morningstar’s Analysis EKSCX
Will EKSCX 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 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 |