ASCE

SMID Core ETF

$25.03
NAV

+$0.18 / +0.74%
1-day change
$7.9M
Fund assets
Not available
Year-to-date NAV return
7/7/2025
Fund inception date
Data as of 7/10/2025
Fund overview
Unlocking better outcomes for clients
The Allspring SMID Core ETF pursues long-term capital appreciation by investing in small- and mid-cap companies with strong earnings and attractive valuations.

The team uses a consistent, risk-controlled approach to core investing.

Key differentiators

  • An active approach to systematic factor-based investing that aims to generate alpha over passive approaches
  • Cutting-edge techniques with full transparency into the drivers of risk and return
  • A foundation of decades of research paired with continuous innovation

General facts

Lipper category

Small Cap Core Funds

CUSIP

01989A704

Benchmark name

Russell 2500 Index

Expense ratio

0.38%

(as of 7/8/2025)

Dividend frequency

Annually

Inception date

7/7/2025

Exchange

NYSE Arca

Shares outstanding

315,000

Daily volume (Shares)

646

John Campbell explains differentiators of ASCE and delivering the strategy in an ETF.

Transcript

John Campbell: We're thrilled to share the launch of the Allspring SMID Core ETF (exchange-traded fund). ASCE brings our time-tested active SMID core strategy to the ETF market, offering a new and effective way to invest in a select group of core, small, and mid-size U.S. companies. The fund is actively managed by our Systematic Core Equity team, which averages more than 22 years of industry experience. With ASCE, you get an ETF that leverages the same time-tested research expertise and disciplined management approach that's been used in our separate accounts and retail SMAs (separately managed accounts) for more than two decades, now available with tax and cost-efficiency, daily transparency, and the intraday liquidity of an ETF. So, what sets ASCE apart from other products in the space? There are three key features that make it a standout choice for investors. First, we blend quantitative and fundamental approaches. Many funds use one method or the other. We use both. Our quantitative models identify high-quality companies with strong earnings momentum while our fundamental analysis dives deeper. By focusing on management, product positioning, and risks, we can incorporate difficult-to-quantify information and build conviction in every stock we select. Second, we offer a true active strategy. Unlike passive ETFs that seek to mirror an index, we're active managers with high conviction. ASCE focuses on approximately 50 carefully chosen stocks diversified across major economic sectors. We also use a disciplined buy-and-sell approach where we aim to capture alpha while building a portfolio that offers similar earnings growth potential as the benchmark but at better valuations. Our final differentiator is our proprietary multifactor alpha model. This model is built to uniquely identify outperformers. It combines three essential factors to rank stocks. First, by quality. We target strong, well-run businesses with healthy balance sheets, steady sales, and expanding profit margins. Second, by value. We seek out undervalued gems using trailing forward and intrinsic valuations, uncovering potential where others might not see it. And finally, momentum. We identify companies reporting positive earnings surprises, sales growth, and rising market sentiment. This approach gives us the flexibility to adapt to changing market environments. So, if moving down the cap spectrum with active expertise and high conviction fits your investment goals, consider ASCE. It might be the right move for you.

Performance

Average annual returns

Average annual returns

Data is unavailable at this time, please check back later.
Calendar year

Calendar year

For regulatory reasons, we are unable to show performance until there is a 12 month performance record.
Growth of $10,000

Growth of a $10,000 investment

Data is unavailable at this time, please check back later.
Performance and volatility metrics

Performance and volatility metrics

Data is unavailable at this time, please check back later.

Prices and Distributions

Prices and trading

Closing price $25.06 7/10/2025
Day high $25.18 7/10/2025
Day low $24.93 7/10/2025
Daily volume (Shares) 646 7/10/2025
Premium/Discount 0.12% 7/10/2025
30-Day median bid/ask spread 0.20% 7/10/2025

Premium/Discount

Number of Days Traded At: 2024 Q1
2025
Q2
2025
Q3
2025
Q4
2025
Premium - - - 3 -
NAV - - - 0 -
Discount - - - 0 -

Distribution summary

Dividends Annually
Capital gains Annually

Composition

Portfolio statistics

Portfolio statistics

Data is unavailable at this time, please check back later.
Holdings

Top 10 holdings

Data is unavailable at this time, please check back later.
Sector allocation

Sector allocation

Data is unavailable at this time, please check back later.
Our team
Meet the investment team

The team believes company returns are predictable based on quantitative factors. They seek to systematically harvest these factors to generate alpha for their clients.

Key risks

It is possible that an active trading market for ETF shares will not develop, which may hurt your ability to buy or sell shares, particularly in times of market stress. Shares may trade at a premium or discount to their net asset value in the secondary market. These variations may be greater when markets are volatile or subject to unusual conditions. There can be no assurance that active trading markets for the shares will develop or be maintained by market makers or authorized participants. Shares of the ETFs are not redeemable with the ETF other than in creation unit aggregations. Instead, investors must buy or sell the ETF shares in the secondary market at market price (not net asset value) through a broker-dealer. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and may receive less than net asset value when selling. Investing involves risk, including the possible loss of principal. Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. Smaller company stocks tend to be more volatile and less liquid than those of larger companies. Consult the fund’s prospectus for additional information on these and other risks.

Contact Us

We look forward to helping you with your investment needs

 

  
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The Morningstar Rating™ for funds, or star rating, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar risk-adjusted return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% 3-year rating for 36–59 months of total returns, 60% 5-year rating/40% 3-year rating for 60–119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods. Past performance is no guarantee of future results.

Alpha measures the excess return of an investment vehicle, such as a mutual fund, relative to the return of its benchmark, given its level of risk.

Diversification does not ensure or guarantee better performance and cannot eliminate the risk of investment losses.  


Allspring ETFs are not available for distribution outside of the United States.