Equity

All Cap SMA

Russell 3000® Index
Benchmark name
12/31/2001
Inception date
Systematic Edge – Multi-Asset Solutions
Team
$8.4M
Assets under management
Data as of 12/31/2023
SMA overview
Multi-style portfolio construction
The All Cap SMA combines the expertise of three independent portfolio managers, incorporating the “best ideas” and “top picks” from each portfolio.

This SMA combines Allspring's All Cap Growth, Mid Value, and Large Dividend Growth strategies into one portfolio, with the goal of replicating the managers' original intentions while minimizing overlap. 

Key differentiators

  • All Cap Growth: Includes core holdings, developing situations, and valuation opportunities
  • Mid Cap Value: Seeks to uncover solid assets in sound industries at attractive valuations
  • Large Dividend Growth: Employs both top-down and bottom-up fundamental investment techniques

General facts

Weight average market cap

401.82

Dividend yield

1.31%

Quick resources

Performance

Average annual returns Add Minus

Average annual returns

(as of 12/31/2023)
12/31/2001
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
5.41
11.73
18.90
18.90
7.09
15.05
11.52
9.46
Composite (Net)
5.15
10.88
15.39
15.39
3.92
11.67
8.24
6.23
Russell 3000® Index
5.30
12.07
25.96
25.96
8.54
15.16
11.48
8.89

One-month, three-month and year-to-date returns are not annualized.

Performance is historical and does not guarantee future results. For more information, please refer to the GIPS composite report found in the documents section.

Performance shown prior to January 1, 2005 represents results achieved by the Multi-Manager Team prior to joining Allspring. Although the composition of the investment team has evolved since the strategy’s inception date, the team has managed the strategy in a consistent manner over time.

Calendar year Add Minus

Calendar year

(as of 12/31/2023)
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Fund
18.90
-17.11
24.61
20.24
36.49
-5.17
22.69
13.56
-1.01
12.90
Benchmark
25.96
-19.21
25.66
20.89
31.02
-5.24
21.13
12.74
0.48
12.56

Performance is historical and does not guarantee future results. For more information, please refer to the GIPS composite report found in the documents section.


Performance and volatility metrics Add Minus

Performance and volatility metrics

(as of 12/31/2023)
3 Year 5 Year 10 Year
Alpha -1.11 0.25 2.66
Beta 0.97 0.98 0.98
Downside Market Capture Ratio 99.30 96.55 98.50
Information Ratio -0.50 -0.04 0.02
R2 0.97 0.97 0.97
Sharpe Ratio 0.28 0.70 0.66
Standard Deviation 17.12 18.79 15.50
Tracking Error 2.90 3.22 2.71
Upside Market Capture Ratio 92.23 92.32 94.48
Correlation 0.99 0.99 0.98

Composition

Portfolio statistics Add Minus

Portfolio statistics

(as of 12/31/2023)
SMA Benchmark
Number of holdings 118 2976
Top 10 holdings Add Minus

Top 10 holdings

(as of 12/31/2023)
Security
SMA
Microsoft Corporation
5.76%
Alphabet Inc. Class A
3.45%
Amazon.com, Inc.
3.10%
Visa Inc. Class A
2.21%
Carlisle Companies Incorporated
1.59%
Apple Inc.
1.47%
Home Depot, Inc.
1.47%
L3Harris Technologies Inc
1.43%
AerCap Holdings NV
1.39%
UnitedHealth Group Incorporated
1.34%
Top 10 represents 23.23% of total net assets

Largest company weights are based on market value of the representative account and not necessarily held in all client portfolios. The information shown is not intended to be, nor should it be construed to be, a recommendation to buy or sell an individual security. A list of all holdings from the prior one-year period is available upon request.

Sector allocation Add Minus

Sector allocation

(as of 12/31/2023)
Type
SMA
Benchmark
Cash & equivalents
3.27% -
Communication services
5.81% 7.98%
Consumer discretionary
10.25% 10.90%
Consumer staples
4.32% 5.71%
Energy
4.27% 4.01%
Financials
12.28% 13.69%
Health care
13.02% 12.62%
Industrials
15.08% 9.97%
Information technology
21.44% 27.12%
Materials
3.97% 2.71%
Real estate
3.94% 3.02%
Utilities
2.36% 2.28%

Sector weighting is based on a representative account within the Allspring Global Investments composite and may have changed since the date specified. Percent total may not add to 100% due to rounding.

Documents

Literature Date
Fact Sheet 12/31/2023 Download Download
Contact Us

We look forward to helping you with your investment needs

 

Market Risk - Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. Foreign Investment Risk - Foreign investments may be subject to lower liquidity, greater price volatility and risks related to adverse political, regulatory, market or economic developments. Growth/Value Investing Risk - Securities that exhibit growth or value characteristics tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. Smaller Company Securities Risk - Companies with smaller market capitalizations tend to be more volatile and less liquid than those of larger companies.

Allspring Managed Account Services (the firm) is a unit within Allspring Global Investments and is responsible for the management and administration of the Allspring Funds Management, LLC, retail separately managed account portfolios (wrap portfolios). Allspring Funds Management acts as a discretionary manager for separately managed accounts ("SMA") and as a non-discretionary model provider in a variety of managed account or wrap fee programs (“MA Programs”) sponsored by third party investment advisers, broker-dealers, or other financial services firms (a “Sponsor”). When acting as non-discretionary model provider, Allspring Funds Management responsibility is limited to providing non-discretionary investment recommendations (in the form of model portfolios) to the Sponsor. The Sponsor may use these recommendations in connection with its management of MA Program accounts. In these “model-based” programs, the Sponsor serves as the investment manager and maintains trade implementation responsibility.