Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Allspring Target 2040 Fund
mutual fund
WFOSX
Payout Change
Pending
Price as of:
$13.17
-0.3
-2.23%
primary theme
N/A
WFOSX (Mutual Fund)
Allspring Target 2040 Fund
Payout Change
Pending
Price as of:
$13.17
-0.3
-2.23%
primary theme
N/A
WFOSX (Mutual Fund)
Allspring Target 2040 Fund
Payout Change
Pending
Price as of:
$13.17
-0.3
-2.23%
primary theme
N/A
Name
As of 08/26/2022Price
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
-17.6%
1 yr return
-6.6%
3 Yr Avg Return
8.4%
5 Yr Avg Return
7.0%
Net Assets
$351 M
Holdings in Top 10
100.0%
52 WEEK LOW AND HIGH
$13.5
$12.99
$18.98
Expenses
OPERATING FEES
Expense Ratio 0.14%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 82.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 08/26/2022Price
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
WFOSX - Profile
Distributions
- YTD Total Return -17.6%
- 3 Yr Annualized Total Return 8.4%
- 5 Yr Annualized Total Return 7.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.82%
- Dividend Yield 2.1%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameAllspring Target 2040 Fund
-
Fund Family NameAllspring Global Investments
-
Inception DateJun 30, 2004
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPetros Bocray
Fund Description
The Fund is a fund of funds that invests in various master portfolios (“Underlying Funds”), which in turn, invest in a combination of securities to gain exposure to equity and fixed income asset classes. The Fund gradually reduces its potential market risk exposures over time by generally re-allocating its assets among these asset classes, consistent with increasingly conservative strategic target allocations.
The equity Underlying Funds are each intended to provide exposure to a specific market segment. Those segments include U.S. large- and small-capitalization companies, and international (non-U.S.) developed and emerging markets. The U.S. large- and small-capitalization companies, international developed markets and emerging markets allocations each seek to add value above their respective broad market index, by employing a systematic, rules based methodology designed to build a portfolio of stocks that provides exposure to factors (or characteristics) commonly tied to a stock’s potential for enhanced risk-adjusted returns relative to the market. Those factors include, but are not limited to, value, quality, momentum, size, and low volatility.
The fixed income Underlying Funds provide diversified exposure across a wide range of market sectors, including U.S. Government obligations, corporate investment grade and below investment grade bonds (commonly known as “high yield bonds” or “junk bonds”), other U.S. aggregate bond sectors (including mortgage- and asset-backed securities), and emerging market foreign issues. The investment grade corporate bond allocation will be managed to replicate the performance of the Bloomberg U.S. Corporate Bond Index. The below investment grade bond allocation will be managed to replicate the performance of the Bloomberg U.S. High Yield 2% Issuer Capped Bond Index. The U.S. aggregate bond ex-corporate allocation, which includes mortgage- and asset-backed securities, will be managed to replicate the performance of the Bloomberg U.S. Aggregate ex- Corporate Index, a traditional market-capitalization weighted index designed to provide diversified exposure to the allocation. The emerging markets bond allocation will be managed to replicate the performance of the JP Morgan EMBI Global Diversified Index, an index that deviates from a traditional market capitalization weighting to provide more robust diversification across its constituent countries.
The Fund is primarily designed for investors expecting to retire and/or begin gradually withdrawing funds around its target date of 2040. As the Fund’s time horizon to its target date shortens, it generally replaces some of its equity holdings with fixed income holdings in an attempt to reduce market risk and thereby become more conservative in its asset allocation. This reallocation occurs according to a predetermined “glide path,” which was developed based on long-term capital market return expectations, actuarial assumptions about life expectancy and retirement, and assumptions about investors’ risk tolerance. The reallocation continues as the Fund’s target year approaches and for the first ten years afterward. The Fund’s target year of 2040 serves as a guide to the risk profile of the Fund, and your decision to invest in a Allspring Target Date Fund with a particular target year and risk profile depends on your individual risk tolerance, among other factors.
The Fund will not reach its lowest strategic target allocation to equities until ten years past the Fund’s target year. During the ten-year period after the Fund’s target year, the Fund’s asset allocation will increasingly resemble that of the Target Today Fund and at the end of the ten-year period, we will likely combine it with the Target Today Fund.
At their discretion, the Fund’s portfolio managers may make changes to the Fund’s glide path and asset allocation consistent with the Fund’s target year. Factors that the portfolio managers may consider include but are not limited to market trends, their outlook for a given market capitalization, and the Underlying Funds’ performance in various market conditions.
Portfolio Asset Allocation
The following table provides the Fund’s target allocations to various underlying portfolios as of July 1, 2022.
Portfolio
Target Allocation1
Equity Securities
78%
Allspring Factor Enhanced U.S. Large Cap Equity Portfolio
38.18%
Allspring Factor Enhanced International Equity Portfolio
23.30%
Allspring Factor Enhanced U.S. Small Cap Equity Portfolio
9.54%
Allspring Factor Enhanced Emerging Markets Equity Portfolio
6.98%
Allspring Factor Enhanced U.S. Low Volatility Equity Portfolio
0.00%
Allspring U.S. REIT Portfolio
0.00%
Fixed Income Securities
22%
Allspring Bloomberg US Aggregate ex-Corporate Portfolio
13.02%
Allspring Investment Grade Corporate Bond Portfolio
6.78%
Allspring Emerging Markets Bond Portfolio
1.10%
Allspring High Yield Corporate Bond Portfolio
1.10%
Allspring Strategic Retirement Bond Portfolio (includes both TIPs & Intermediate Government Bond allocations)
0.00%
WFOSX - Performance
Return Ranking - Trailing
| Period | WFOSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -17.6% | -36.4% | -10.0% | 43.50% |
| 1 Yr | -6.6% | -10.6% | 2.7% | 18.75% |
| 3 Yr | 8.4%* | 6.1% | 11.8% | 87.50% |
| 5 Yr | 7.0%* | 5.6% | 9.4% | 86.96% |
| 10 Yr | 8.8%* | 7.2% | 11.1% | 73.48% |
* Annualized
Return Ranking - Calendar
| Period | WFOSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -2.3% | -6.3% | 17.5% | 92.45% |
| 2022 | 4.6% | 3.3% | 14.9% | 97.00% |
| 2021 | 17.1% | 4.1% | 22.6% | 53.57% |
| 2020 | -19.6% | -23.1% | -6.9% | 87.28% |
| 2019 | -12.1% | -15.1% | 18.8% | 97.52% |
Total Return Ranking - Trailing
| Period | WFOSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -17.6% | -36.4% | -10.0% | 43.50% |
| 1 Yr | -6.6% | -15.0% | 2.7% | 15.84% |
| 3 Yr | 8.4%* | 4.9% | 11.8% | 82.93% |
| 5 Yr | 7.0%* | 4.7% | 9.4% | 81.32% |
| 10 Yr | 8.8%* | 7.2% | 11.1% | 70.00% |
* Annualized
Total Return Ranking - Calendar
| Period | WFOSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -2.3% | -6.3% | 17.5% | 92.45% |
| 2022 | 4.6% | 3.3% | 14.9% | 97.00% |
| 2021 | 17.1% | 4.1% | 22.6% | 53.57% |
| 2020 | -19.6% | -23.1% | -5.5% | 91.91% |
| 2019 | -12.1% | -15.1% | 26.3% | 97.52% |
NAV & Total Return History
WFOSX - Holdings
Concentration Analysis
| WFOSX | Category Low | Category High | WFOSX % Rank | |
|---|---|---|---|---|
| Net Assets | 351 M | 88 K | 68.9 B | 57.71% |
| Number of Holdings | 8 | 4 | 562 | 88.94% |
| Net Assets in Top 10 | 361 M | 693 K | 68.1 B | 52.65% |
| Weighting of Top 10 | 100.00% | 38.5% | 100.0% | 5.34% |
Top 10 Holdings
- Wells Fargo Factor Enhanced Large Cap 39.58%
- Allspring Factor Enhanced Lrg Cp Eq 37.90%
- Allspring Factor Enhanced Intern Eq 23.49%
- Allspring Bloomberg US Agg ex-Cor Port 12.98%
- Allspring Factor Enhanced Small Cap Eq 9.52%
- Allspring Factor Enhanced Em Mkt Eq 7.17%
- Allspring Investment Gr Cor Bd 6.75%
- Allspring High Yield Corporate Bd 1.10%
- Allspring Emerging Markets Bond Por 1.09%
- Wells Fargo Emerging Markets Bond 0.95%
Asset Allocation
| Weighting | Return Low | Return High | WFOSX % Rank | |
|---|---|---|---|---|
| Stocks | 66.93% | 0.00% | 89.49% | 92.04% |
| Bonds | 18.50% | 6.42% | 65.95% | 25.22% |
| Cash | 14.08% | -6.89% | 31.18% | 5.75% |
| Convertible Bonds | 0.44% | 0.00% | 0.98% | 6.64% |
| Preferred Stocks | 0.04% | 0.00% | 0.48% | 46.46% |
| Other | 0.00% | -0.92% | 16.90% | 94.25% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WFOSX % Rank | |
|---|---|---|---|---|
| Technology | 19.48% | 13.94% | 24.03% | 40.18% |
| Financial Services | 15.29% | 13.11% | 18.83% | 41.07% |
| Healthcare | 12.43% | 10.75% | 14.53% | 54.02% |
| Consumer Cyclical | 11.97% | 8.05% | 13.32% | 16.96% |
| Industrials | 11.34% | 9.02% | 12.29% | 30.36% |
| Communication Services | 7.24% | 5.69% | 10.24% | 52.68% |
| Consumer Defense | 7.10% | 4.68% | 11.06% | 29.46% |
| Energy | 4.99% | 2.33% | 6.31% | 28.13% |
| Basic Materials | 4.17% | 3.14% | 6.86% | 80.36% |
| Real Estate | 3.86% | 1.87% | 10.11% | 57.14% |
| Utilities | 2.13% | 1.90% | 8.13% | 98.21% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WFOSX % Rank | |
|---|---|---|---|---|
| US | 39.69% | 0.00% | 68.38% | 95.13% |
| Non US | 27.24% | 0.00% | 44.24% | 58.85% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | WFOSX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 42.54% | 3.19% | 55.75% | 5.31% |
| Corporate | 23.12% | 0.49% | 50.07% | 54.87% |
| Government | 21.58% | 13.41% | 62.05% | 83.63% |
| Securitized | 12.43% | 0.00% | 36.42% | 57.96% |
| Municipal | 0.30% | 0.00% | 22.13% | 30.97% |
| Derivative | 0.04% | 0.00% | 20.78% | 51.77% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | WFOSX % Rank | |
|---|---|---|---|---|
| US | 15.88% | 4.80% | 43.04% | 24.78% |
| Non US | 2.62% | 0.07% | 22.91% | 35.84% |
WFOSX - Expenses
Operational Fees
| WFOSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.14% | 0.06% | 1.84% | 95.58% |
| Management Fee | 0.10% | 0.00% | 0.86% | 39.29% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 16.39% |
| Administrative Fee | 0.03% | 0.01% | 0.29% | 9.62% |
Sales Fees
| WFOSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| WFOSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| WFOSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 82.00% | 2.00% | 112.00% | 95.67% |
WFOSX - Distributions
Dividend Yield Analysis
| WFOSX | Category Low | Category High | WFOSX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.10% | 0.00% | 5.65% | 11.01% |
Dividend Distribution Analysis
| WFOSX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| WFOSX | Category Low | Category High | WFOSX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.82% | -0.21% | 10.52% | 15.91% |
Capital Gain Distribution Analysis
| WFOSX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 22, 2021 | $0.307 | OrdinaryDividend |
| Dec 21, 2020 | $0.330 | OrdinaryDividend |
| Dec 20, 2019 | $0.362 | OrdinaryDividend |
| Dec 13, 2019 | $0.184 | OrdinaryDividend |
| Dec 19, 2018 | $0.437 | OrdinaryDividend |
| Dec 19, 2016 | $0.132 | OrdinaryDividend |
| Sep 27, 2016 | $0.088 | OrdinaryDividend |
| Jun 27, 2016 | $0.137 | OrdinaryDividend |
| Dec 21, 2015 | $0.064 | OrdinaryDividend |
| Sep 25, 2015 | $0.083 | OrdinaryDividend |
| Jun 25, 2015 | $0.142 | OrdinaryDividend |
| Dec 22, 2014 | $0.091 | OrdinaryDividend |
| Sep 25, 2014 | $0.079 | OrdinaryDividend |
| Jun 25, 2014 | $0.138 | OrdinaryDividend |
| Dec 20, 2013 | $0.094 | OrdinaryDividend |
| Sep 25, 2013 | $0.071 | OrdinaryDividend |
| Jun 25, 2013 | $0.138 | OrdinaryDividend |
| Dec 18, 2012 | $0.091 | OrdinaryDividend |
| Sep 25, 2012 | $0.064 | OrdinaryDividend |
| Jun 26, 2012 | $0.133 | OrdinaryDividend |
| Dec 20, 2011 | $0.061 | OrdinaryDividend |
| Sep 27, 2011 | $0.061 | OrdinaryDividend |
| Jun 27, 2011 | $0.120 | OrdinaryDividend |
| Dec 21, 2010 | $0.078 | OrdinaryDividend |
| Sep 27, 2010 | $0.051 | OrdinaryDividend |
| Jun 25, 2010 | $0.110 | OrdinaryDividend |
| Dec 22, 2009 | $0.045 | OrdinaryDividend |
| Sep 25, 2009 | $0.038 | OrdinaryDividend |
| Jun 25, 2009 | $0.090 | OrdinaryDividend |
| Dec 23, 2008 | $0.054 | OrdinaryDividend |
| Sep 25, 2008 | $0.067 | OrdinaryDividend |
| Jun 19, 2008 | $0.123 | OrdinaryDividend |
| Dec 21, 2007 | $0.098 | OrdinaryDividend |
| Sep 25, 2007 | $0.069 | OrdinaryDividend |
| Jun 26, 2007 | $0.100 | OrdinaryDividend |
| Mar 27, 2007 | $0.046 | OrdinaryDividend |
| Dec 19, 2006 | $0.062 | OrdinaryDividend |
| Sep 26, 2006 | $0.067 | OrdinaryDividend |
| Jun 23, 2006 | $0.101 | OrdinaryDividend |
| Mar 28, 2006 | $0.035 | OrdinaryDividend |
| Dec 20, 2005 | $0.105 | OrdinaryDividend |
| Jun 27, 2005 | $0.114 | OrdinaryDividend |
| Dec 21, 2004 | $0.208 | OrdinaryDividend |
WFOSX - Fund Manager Analysis
Managers
Petros Bocray
Start Date
Tenure
Tenure Rank
Jul 14, 2017
4.88
4.9%
Mr. Bocray is a portfolio manager on the Quantitative Strategies team at Wells Capital All Portfolios Management. In this role, Mr. Bocray serves as co-manager on several of the team's portfolios and conducts research supporting the quantitative models and investment strategies. Prior to joining the team in March 2006, Mr. Bocray worked as a portfolio manager for the Wells Fargo Wealth Management Group, where he managed private client accounts with a focus on portfolio construction and asset allocation. Education: Bachelor of Economics, College of Charleston, Charleston, South Carolina.
Kandarp Acharya
Start Date
Tenure
Tenure Rank
Jul 14, 2017
4.88
4.9%
Mr. Acharya joined Wells Capital Management in 2013, where he currently serves as a Senior Portfolio Manager. Prior to joining Wells Capital Management, Mr. Acharya led the Advanced Analytics and Quantitative Research Group at Wells Fargo Wealth Management, where he also led the development and implementation of quantitative tactical allocation models as a member of the firm’s Asset Allocation Committee.
Travis Keshemberg
Start Date
Tenure
Tenure Rank
Mar 24, 2022
0.19
0.2%
Travis L. Keshemberg, CFA, CIP, FRM Mr. Keshemberg joined Allspring Investments in 2016, where he currently serves as a Portfolio Manager for the Multi-Asset Solutions team. Prior to joining Allspring Investments, Mr. Keshemberg was a Director of Research at Allspring Funds Management, LLC.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 17.59 | 5.59 | 2.41 |
