Allspring Absolute Return invests directly in GMO Benchmark-Free Allocation GBMIX. There, GMO’s multi-asset team remains staunchly committed to its value-centric approach, but that rigidity has led to missteps in recent years. All of this strategy's share classes retain their Morningstar Analyst Ratings of Neutral.
Morningstar’s Fund Analysis WARAX
Will WARAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable WARAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the WARAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of WARAX’s parent organization’s priorities and whether they’re in line with investors’ interests.