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Morningstar

Allspring Core Bond Inst MBFIX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 11.28  /  0.26 %
  • Total Assets 4.2 Bil
  • Adj. Expense Ratio
    0.420%
  • Expense Ratio 0.420%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 2.27%
  • Effective Duration 6.28 years

USD | NAV as of Jan 30, 2023 | 1-Day Return as of Jan 30, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis MBFIX

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

People Pillar

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

This management team is still coming into its own.

Senior Analyst

Summary

| by R.J. D'Ancona

Allspring Core Bond employs a sensible approach, but longtime lead manager Thomas O’Connor’s departure still looms. The strategy earns a Morningstar Analyst Rating of Neutral across its cheaper share classes, while its priciest share class is rated Negative.

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