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Trending ETFs

Allspring Adjustable Rate Government Fund

mutual fund
EKIZX
Payout Change
Pending
Price as of:
$8.86 +0.0 +0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
Admin (ESADX) Instl (EKIZX) A (ESAAX) C (ESACX)
EKIZX (Mutual Fund)

Allspring Adjustable Rate Government Fund

Payout Change
Pending
Price as of:
$8.86 +0.0 +0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
Admin (ESADX) Instl (EKIZX) A (ESAAX) C (ESACX)
EKIZX (Mutual Fund)

Allspring Adjustable Rate Government Fund

Payout Change
Pending
Price as of:
$8.86 +0.0 +0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
Admin (ESADX) Instl (EKIZX) A (ESAAX) C (ESACX)

Name

As of 12/23/2024

Price

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

Allspring Adjustable Rate Government Fund

EKIZX | Fund

$8.86

$262 M

4.80%

$0.42

0.57%

Vitals

YTD Return

6.2%

1 yr return

6.2%

3 Yr Avg Return

3.6%

5 Yr Avg Return

2.6%

Net Assets

$262 M

Holdings in Top 10

15.3%

52 WEEK LOW AND HIGH

$8.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.57%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 53.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/23/2024

Price

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

Allspring Adjustable Rate Government Fund

EKIZX | Fund

$8.86

$262 M

4.80%

$0.42

0.57%

EKIZX - Profile

Distributions

  • YTD Total Return 6.2%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.74%
DIVIDENDS
  • Dividend Yield 4.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Allspring Adjustable Rate Government Fund
  • Fund Family Name
    Allspring Funds
  • Inception Date
    Oct 01, 1991
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher Kauffman

Fund Description

Under normal circumstances, we invest:
■
at least 80% of the Fund’s net assets in mortgage-backed and asset-backed securities issued or guaranteed by U.S. Government agencies or government-sponsored entities, that have interest rates that reset at periodic intervals; and
■
up to 20% of the Fund’s total assets in obligations that pay fixed interest rates.
We invest principally in mortgage-backed securities (including collateralized mortgage obligations (CMOs)) and asset-backed securities issued or guaranteed by U.S. Government agencies or government-sponsored entities. Under normal circumstances, we expect to maintain an average credit quality rating for the portfolio equivalent to the highest rating available from a Nationally Recognized Statistical Ratings Organization (NRSRO). In the event that a NRSRO assigns U.S. sovereign debt a rating below its highest rating, we expect to maintain an average credit quality rating that is equivalent to the average rating assigned to U.S. sovereign debt.   We may also use futures for duration and yield curve management. As part of our mortgage-backed securities investment strategy, we may enter into dollar roll transactions. Under normal circumstances, the dollar-weighted average reset period of the adjustable rate securities held by the Fund will not exceed one year.
We employ a top-down, macroeconomic outlook to determine the portfolio’s duration, yield curve positioning, issuer selection and sector allocation. Macroeconomic factors considered may include, among others, the pace of economic growth, employment conditions, corporate profits, inflation, monetary and fiscal policy, as well as the influence of international economic and financial conditions. In combination with our top-down macroeconomic approach, we employ a bottom-up process of fundamental securities analysis to select the specific securities for investment. Elements of this evaluation may include the effect of changing principal prepayments, interest rate and yield spread volatility, and the impact of changes in the level and shape of the yield curve on a security’s value. We may sell a security based on how we expect these factors to affect a security’s value relative to its indicated sales price as well as changes in portfolio strategy or cash flow needs. A security may also be sold and replaced with one that presents a better value or risk/reward profile.
Read More

EKIZX - Performance

Return Ranking - Trailing

Period EKIZX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% -1.2% 8.5% 16.98%
1 Yr 6.2% -1.1% 8.5% 19.34%
3 Yr 3.6%* -1.4% 5.5% 57.07%
5 Yr 2.6%* -1.1% 4.4% 41.36%
10 Yr 1.9%* -4.1% 27.9% 63.64%

* Annualized

Return Ranking - Calendar

Period EKIZX Return Category Return Low Category Return High Rank in Category (%)
2023 0.6% -2.3% 4.3% 81.60%
2022 -3.4% -6.5% 0.5% 83.41%
2021 -0.1% -2.1% 0.3% 19.60%
2020 -0.2% -3.1% 1.8% 78.53%
2019 0.6% -1.2% 6.1% 41.44%

Total Return Ranking - Trailing

Period EKIZX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% -1.2% 8.5% 16.98%
1 Yr 6.2% -1.1% 8.5% 19.34%
3 Yr 3.6%* -1.4% 5.5% 57.07%
5 Yr 2.6%* -1.1% 4.4% 41.36%
10 Yr 1.9%* -4.1% 27.9% 63.64%

* Annualized

Total Return Ranking - Calendar

Period EKIZX Return Category Return Low Category Return High Rank in Category (%)
2023 5.6% 0.8% 12.1% 63.68%
2022 -0.3% -5.1% 2.5% 53.17%
2021 0.8% -2.1% 14.5% 13.57%
2020 1.7% -1.0% 3.6% 44.50%
2019 3.3% 0.3% 9.6% 33.15%

NAV & Total Return History

EKIZX - Holdings

Concentration Analysis

EKIZX Category Low Category High EKIZX % Rank
Net Assets 262 M 26.6 K 28.6 B 79.72%
Number of Holdings 509 2 1248 16.51%
Net Assets in Top 10 25.4 M 27.7 K 22.7 B 84.43%
Weighting of Top 10 15.31% 6.3% 159.6% 73.58%

Top 10 Holdings

  1. Government National Mortgage Association 1.99%
  2. Freddie Mac Multifamily Structured Pass Through Certificates 1.91%
  3. Fannie Mae REMICS 1.80%
  4. Government National Mortgage Association 1.62%
  5. ALLSPRING GOVERNMENT MONEY MAR 1.52%
  6. Government National Mortgage Association 1.37%
  7. Government National Mortgage Association 1.31%
  8. Fannie Mae REMICS 1.31%
  9. Fannie Mae Pool 1.30%
  10. Freddie Mac Non Gold Pool 1.20%

Asset Allocation

Weighting Return Low Return High EKIZX % Rank
Bonds 		95.94% 0.00% 122.88% 25.94%
Cash 		2.55% 0.00% 112.72% 73.11%
Other 		1.50% -13.48% 99.96% 66.51%
Stocks 		0.00% 0.00% 97.16% 38.68%
Preferred Stocks 		0.00% 0.00% 1.02% 25.47%
Convertible Bonds 		0.00% 0.00% 15.25% 81.04%

Bond Sector Breakdown

Weighting Return Low Return High EKIZX % Rank
Securitized 		91.54% 0.00% 100.00% 8.53%
Cash & Equivalents 		1.52% 0.00% 112.72% 74.53%
Derivative 		0.07% -13.48% 16.56% 10.38%
Municipal 		0.03% 0.00% 70.39% 41.71%
Corporate 		0.00% 0.00% 99.91% 89.57%
Government 		0.00% 0.00% 100.00% 79.15%

Bond Geographic Breakdown

Weighting Return Low Return High EKIZX % Rank
US 		95.94% 0.00% 122.88% 22.64%
Non US 		0.00% 0.00% 20.18% 34.43%

EKIZX - Expenses

Operational Fees

EKIZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.57% 0.08% 29.63% 40.19%
Management Fee 0.35% 0.00% 1.19% 78.77%
12b-1 Fee 0.00% 0.00% 1.00% 7.32%
Administrative Fee 0.08% 0.01% 0.40% 23.91%

Sales Fees

EKIZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

EKIZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% 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.

EKIZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 53.00% 0.00% 336.00% 33.15%

EKIZX - Distributions

Dividend Yield Analysis

EKIZX Category Low Category High EKIZX % Rank
Dividend Yield 4.80% 0.00% 8.76% 75.00%

Dividend Distribution Analysis

EKIZX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

EKIZX Category Low Category High EKIZX % Rank
Net Income Ratio 0.74% -1.30% 14.86% 26.96%

Capital Gain Distribution Analysis

EKIZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

EKIZX - Fund Manager Analysis

Managers

Christopher Kauffman

Start Date

Tenure

Tenure Rank

Sep 05, 2008

13.74

13.7%

Christopher Kauffman is a senior portfolio manager for the Plus Fixed Income team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Christopher joined WFAM from Tattersall Advisory Group, where he served in a similar role. Before that, he was an investment officer for NISA Investment Advisors, where he was responsible for MBS analysis, risk assessment, and trading. He began his investment industry career in 1997. Christopher earned a bachelor’s degree in finance and economics and a master’s degree in business administration with an emphasis in finance from Washington University in St. Louis. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation and is a member of CFA Institute.

Michal Stanczyk

Start Date

Tenure

Tenure Rank

Feb 17, 2015

7.29

7.3%

Michal Stanczyk is a portfolio manager and research analyst for the Plus Fixed Income team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to joining WFAM, Michal worked for Wells Fargo within the Wholesale Leadership Pipeline Program. He began his investment industry in 2006. Michal earned a bachelor’s degree in economics from Indiana Wesleyan University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.52 7.92

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