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Allspring Global Long/Short Equity Fund
mutual fund
AGAQX
Payout Change
Pending
Price as of:
$12.23
+0.04
+0.33%
primary theme
Long-Short Equity
share class
AGAQX (Mutual Fund)
Allspring Global Long/Short Equity Fund
Payout Change
Pending
Price as of:
$12.23
+0.04
+0.33%
primary theme
Long-Short Equity
share class
AGAQX (Mutual Fund)
Allspring Global Long/Short Equity Fund
Payout Change
Pending
Price as of:
$12.23
+0.04
+0.33%
primary theme
Long-Short Equity
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
9.0%
1 yr return
9.3%
3 Yr Avg Return
1.6%
5 Yr Avg Return
3.6%
Net Assets
$489 M
Holdings in Top 10
47.5%
52 WEEK LOW AND HIGH
$12.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.74%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 437.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
AGAQX - Profile
Distributions
- YTD Total Return 9.0%
- 3 Yr Annualized Total Return 1.6%
- 5 Yr Annualized Total Return 3.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.96%
- Dividend Yield 2.5%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAllspring Global Long/Short Equity Fund
-
Fund Family NameAllspring Funds
-
Inception DateDec 12, 2014
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Krider
Fund Description
Under normal circumstances, we invest:
| ■ | at least 80% of the Fund’s net assets in equity securities; and |
| ■ | in the securities of companies located in at least three different countries, including the U.S. |
We invest principally in equity securities such as common stocks, warrants and rights of U.S. and foreign issuers of any market capitalization. We will invest at least 40% of the Fund’s net assets, as determined in our reasonable discretion, in issuers that maintain their principal place of business, trade their securities, or conduct a significant portion of their principal business activities outside the U.S. Issuers will be deemed to have conducted a significant portion of their principal business activities outside of the U.S. if the issuer derived at least 50% of their revenues or profits from goods produced or sold, investments made, or services performed outside of the U.S. or that have at least 50% of their assets in countries outside of the U.S. From time to time, the Fund may be below this 40% level (but is not expected to fall below 30%) if the portfolio managers, in their discretion, determine that market conditions warrant such lower level of investment. The Fund’s investments in foreign securities may include investments through ADRs and similar investments.
The Fund employs a strategy of taking long and short positions in equity securities publicly traded in the U.S. and in foreign developed markets. The Fund buys securities “long” that the Fund’s portfolio manager believes will outperform the equity market and sells securities “short” that the portfolio manager believes will underperform the equity market. The Fund’s long-short exposure will vary over time based on the portfolio managers assessments of market conditions and other factors. In general, the portfolio of the Fund will not be more than 100% long or short on a net basis. The Fund’s strategy seeks to provide favorable performance while seeking to reduce certain risks relative to a portfolio comprised of only long positions in the same or substantially similar securities, but there can be no guarantee that its strategy will be successful in this regard. We incorporate ESG ratings as a stock specific risk control, where companies with poor ratings will receive a higher amount of forecasted volatility than those with favorable ESG ratings.
AGAQX - Performance
Return Ranking - Trailing
| Period | AGAQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.0% | -11.3% | 41.7% | 57.53% |
| 1 Yr | 9.3% | -11.2% | 41.5% | 57.53% |
| 3 Yr | 1.6%* | -8.8% | 25.4% | 76.34% |
| 5 Yr | 3.6%* | -3.1% | 23.4% | 75.00% |
| 10 Yr | 4.1%* | -3.8% | 10.8% | 61.97% |
* Annualized
Return Ranking - Calendar
| Period | AGAQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.1% | -17.3% | 43.8% | 74.66% |
| 2022 | -8.2% | -54.0% | 17.4% | 38.17% |
| 2021 | 13.2% | -40.0% | 54.1% | 29.60% |
| 2020 | -1.2% | -47.6% | 88.4% | 74.17% |
| 2019 | 8.1% | -20.3% | 62.6% | 61.95% |
Total Return Ranking - Trailing
| Period | AGAQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.0% | -11.3% | 41.7% | 57.53% |
| 1 Yr | 9.3% | -11.2% | 41.5% | 57.53% |
| 3 Yr | 1.6%* | -8.8% | 25.4% | 76.34% |
| 5 Yr | 3.6%* | -3.1% | 23.4% | 75.00% |
| 10 Yr | 4.1%* | -3.8% | 10.8% | 61.97% |
* Annualized
Total Return Ranking - Calendar
| Period | AGAQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.8% | -14.5% | 43.8% | 89.73% |
| 2022 | -7.9% | -54.0% | 50.3% | 55.73% |
| 2021 | 16.6% | -40.0% | 61.6% | 36.00% |
| 2020 | -1.2% | -29.9% | 91.0% | 80.83% |
| 2019 | 11.4% | -17.9% | 79.4% | 55.75% |
NAV & Total Return History
AGAQX - Holdings
Concentration Analysis
| AGAQX | Category Low | Category High | AGAQX % Rank | |
|---|---|---|---|---|
| Net Assets | 489 M | 1.08 M | 6.67 B | 20.55% |
| Number of Holdings | 228 | 3 | 2730 | 28.77% |
| Net Assets in Top 10 | 229 M | -4.86 M | 2.41 B | 21.23% |
| Weighting of Top 10 | 47.49% | -9.9% | 110.8% | 49.32% |
Top 10 Holdings
- SOCIETE GENERALE PB USD 16.65%
- ALLSPRING GOVERNMENT MONEY MAR 13.60%
- NVIDIA Corp 2.58%
- Centene Corp 2.27%
- Bank of New York Mellon Corp/The 2.21%
- Huntington Ingalls Industries Inc 2.11%
- Molson Coors Beverage Co 2.08%
- Danske Bank A/S 2.08%
- PACCAR Inc 1.97%
- Kraft Heinz Co/The 1.94%
Asset Allocation
| Weighting | Return Low | Return High | AGAQX % Rank | |
|---|---|---|---|---|
| Stocks | 69.22% | -0.13% | 113.26% | 56.85% |
| Cash | 30.74% | 0.00% | 109.95% | 35.62% |
| Preferred Stocks | 0.03% | -1.13% | 6.36% | 12.33% |
| Other | 0.00% | -57.63% | 99.50% | 69.86% |
| Convertible Bonds | 0.00% | -0.02% | 4.48% | 92.03% |
| Bonds | 0.00% | 0.00% | 108.68% | 94.52% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | AGAQX % Rank | |
|---|---|---|---|---|
| Technology | 18.21% | 0.00% | 43.24% | 55.08% |
| Industrials | 13.12% | 0.00% | 31.93% | 34.75% |
| Consumer Cyclical | 12.30% | 0.00% | 88.83% | 28.81% |
| Consumer Defense | 11.69% | 0.00% | 19.75% | 14.41% |
| Healthcare | 11.47% | 0.00% | 100.00% | 70.34% |
| Communication Services | 7.66% | 0.00% | 32.32% | 44.07% |
| Real Estate | 6.21% | 0.00% | 10.93% | 13.56% |
| Financial Services | 5.88% | 0.00% | 83.83% | 86.44% |
| Basic Materials | 5.85% | 0.00% | 28.58% | 20.34% |
| Utilities | 5.02% | 0.00% | 21.71% | 11.86% |
| Energy | 2.61% | 0.00% | 32.57% | 65.25% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | AGAQX % Rank | |
|---|---|---|---|---|
| US | 49.35% | 0.00% | 113.26% | 68.49% |
| Non US | 19.88% | -2.95% | 54.79% | 10.96% |
AGAQX - Expenses
Operational Fees
| AGAQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.74% | 0.42% | 9.95% | 28.77% |
| Management Fee | 1.25% | 0.00% | 2.50% | 62.33% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 64.94% |
| Administrative Fee | N/A | 0.03% | 1.54% | 45.10% |
Sales Fees
| AGAQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| AGAQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| AGAQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 437.00% | 0.00% | 446.00% | 99.12% |
AGAQX - Distributions
Dividend Yield Analysis
| AGAQX | Category Low | Category High | AGAQX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.48% | 0.00% | 27.22% | 35.17% |
Dividend Distribution Analysis
| AGAQX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| AGAQX | Category Low | Category High | AGAQX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.96% | -3.33% | 2.16% | 57.64% |
Capital Gain Distribution Analysis
| AGAQX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2024 | $0.070 | CapitalGainShortTerm |
| Dec 12, 2024 | $0.190 | CapitalGainLongTerm |
| Dec 27, 2023 | $0.304 | OrdinaryDividend |
| Dec 28, 2022 | $0.037 | OrdinaryDividend |
| Dec 09, 2021 | $0.367 | CapitalGainLongTerm |
| Dec 09, 2019 | $0.334 | CapitalGainLongTerm |
| Dec 07, 2018 | $0.334 | CapitalGainLongTerm |
| Dec 05, 2017 | $0.462 | CapitalGainShortTerm |
| Dec 05, 2017 | $0.297 | CapitalGainLongTerm |
| Dec 05, 2017 | $0.018 | OrdinaryDividend |
| Dec 05, 2016 | $0.033 | OrdinaryDividend |
| Dec 03, 2015 | $0.093 | CapitalGainShortTerm |
AGAQX - Fund Manager Analysis
Managers
David Krider
Start Date
Tenure
Tenure Rank
Dec 12, 2014
7.47
7.5%
David Krider is a portfolio manager for the Systematic Edge team at Allspring Global Investments. He is responsible for the ongoing research and development of global equity-based investment strategies as well as the day-to-day trading of global portfolios. David joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to WFAM, David was founder and chief technology officer of Visualize, Inc., a firm that specializes in financial visualization and analytic software. He was a research associate at First Quadrant before leaving to start his own firm. David earned a bachelor’s degree in economics and computer science from the California Institute of Technology. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Harindra de Silva
Start Date
Tenure
Tenure Rank
Dec 12, 2014
7.47
7.5%
Harindra (Harin) de Silva is a portfolio manager for the Systematic Edge team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Before WFAM, Harin was a principal at Analysis Group, Inc., where he was responsible for providing economic research services to institutional investors, including investment managers, large pension funds, and endowments. He focuses on the ongoing research effort for equity and factor-based asset allocation strategies. Harin earned a bachelor’s degree in mechanical engineering from the University of Manchester Institute of Science and Technology, a master’s degree in business administration with an emphasis in finance, a master’s degree in econometrics from the University of Rochester, and a Ph.D. in finance from the University of California, Irvine. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Dennis Bein
Start Date
Tenure
Tenure Rank
Dec 12, 2014
7.47
7.5%
Dennis Bein is a portfolio manager for the Systematic Edge team at Allspring Global Investments. In this role, he focuses on the day-to-day portfolio management and research related to equity-based investment strategies. Dennis joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to joining Systematic Edge, Dennis was a senior consultant for Analysis Group, Inc., where he provided investment consulting services for institutional investors and plan sponsors. He earned a bachelor’s degree in business administration and a master’s degree in business administration with an emphasis in finance from the University of California, Riverside. Dennis has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 23.55 | 5.96 | 7.93 |
