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Morningstar

Allspring Adjustable Rate Govt A ESAAX

Morningstar Medalist Rating
Medalist Rating as of | See Allspring Investment Hub
  • NAV / 1-Day Return 8.71  /  0.10 %
  • Total Assets 283.4 Mil
  • Adj. Expense Ratio
    0.740%
  • Expense Ratio 0.740%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.69%
  • Effective Duration 0.33 years

USD | NAV as of Sep 28, 2023 | 1-Day Return as of Sep 28, 2023, 10:21 PM GMT+0

Morningstar’s Analysis ESAAX

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

People Pillar

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

This strategy’s opportunity set is limited.

Senior Analyst R.J. D'Ancona

R.J. D'Ancona

Senior Analyst

Summary

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

by R.J. D'Ancona
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings ESAAX

More ESAAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 575
  • Other Holdings 4
  • % Assets in Top 10 Holdings −26.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Allspring Government MMkt Select

3.69
7,537,678
Cash and Equivalents

FRESB 2022-SB94 MORTGAGE TRUST 1.72%

2.63
5,380,877
Securitized

Federal Home Loan Mortgage Corporation 4.766%

2.32
4,746,890
Securitized

Federal Home Loan Mortgage Corporation 5.177%

2.29
4,683,618
Securitized

Federal National Mortgage Association 4.74423%

1.79
3,669,596
Securitized

Federal Home Loan Mortgage Corporation 5.355%

1.69
3,461,190
Securitized

Federal National Mortgage Association 4.10565%

1.66
3,389,545
Securitized

Government National Mortgage Association 4.1994%

1.65
3,367,516
Securitized

Federal Home Loan Mortgage Corporation 4.70129%

1.62
3,309,584
Securitized

Federal Home Loan Mortgage Corporation 1.48023%

1.56
3,192,317
Securitized