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.
Allspring Adjustable Rate Govt Adm ESADX
- NAV / 1-Day Return 8.76 / +0.01 %
- Total Assets 257.1 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.600%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Ultrashort Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1.0 Mil
- Status Open
- TTM Yield 3.66%
- Effective Duration 0.46 years
USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 11:52 PM GMT+0
Morningstar’s Analysis ESADX
Will ESADX 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 −7.9
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Allspring Government MMkt Select | 2.55 | 5.6 Mil | Cash and Equivalents |
FRESB 2022-SB94 MORTGAGE TRUST 1.72% | 2.44 | 5.4 Mil | Securitized |
Federal Home Loan Mortgage Corp. 6.025% | 1.98 | 4.3 Mil | Securitized |
Federal Home Loan Mortgage Corp. 5.811% | 1.95 | 4.3 Mil | Securitized |
Federal Home Loan Mortgage Corp. 5.585% | 1.58 | 3.5 Mil | Securitized |
Federal National Mortgage Association 5.70935% | 1.53 | 3.3 Mil | Securitized |
Government National Mortgage Association 5.6244% | 1.51 | 3.3 Mil | Securitized |
Federal National Mortgage Association 4.28151% | 1.48 | 3.2 Mil | Securitized |
Federal Home Loan Mortgage Corp. 1.48026% | 1.47 | 3.2 Mil | Securitized |
Federal Home Loan Mortgage Corp. 5.8169% | 1.40 | 3.1 Mil | Securitized |