Equity

Current Equity Income SMA

Russell 1000® Value Index
Benchmark name
1/31/2023
Inception date
Rising Dividend Equity Team
Team
$2.0M
Assets under management
Data as of 12/31/2023
SMA overview
Pure dividends: Dynamic, durable, decisive
The Current Equity Income SMA pursues an attractive total return by focusing on strong companies that are expected to deliver consistent dividend increases.

The strategy focuses on strong companies that are expected to deliver consistent dividend increases.

Key differentiators

  • Expects a yield greater than that of the S&P 500 Index, with attractive total return through price appreciation plus dividends
  • Seeks to provide downside protection with lower beta compared with the S&P 500 Index
  • Consists of a diversified but high-conviction portfolio of 40 to 60 stocks with lower turnover while utilizing a tax-aware approach

General facts

Weight average market cap

399.04

Dividend yield

2.50%

Performance

Average annual returns

Average annual returns

(as of 12/31/2023)
1/31/2023
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
3.07
8.53
-
-
-
-
-
7.05
Composite (Net)
2.81
7.70
-
-
-
-
-
4.13
Russell 1000® Value Index
5.54
9.50
-
-
-
-
-
5.97

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.

Calendar year

Calendar year

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

Performance and volatility metrics

Products must have at least a 36 month performance record before we show these metrics.

Composition

Portfolio statistics

Portfolio statistics

(as of 12/31/2023)
SMA Benchmark
Number of holdings 41 503
Top 10 holdings

Top 10 holdings

(as of 12/31/2023)
Security
SMA
Microsoft Corporation
8.64%
McDonald's Corporation
3.61%
Phillips 66
3.55%
Lockheed Martin Corporation
3.51%
Merck & Co., Inc.
3.41%
UnitedHealth Group Incorporated
3.33%
Automatic Data Processing, Inc.
3.03%
Illinois Tool Works Inc.
2.95%
General Dynamics Corporation
2.92%
Intuit Inc.
2.90%
Top 10 represents 37.83% 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

Sector allocation

(as of 12/31/2023)
Type
SMA
Benchmark
Cash & equivalents
 3.60% -
Communication services
 2.23% 4.68%
Consumer discretionary
 9.43% 5.16%
Consumer staples
 6.67% 7.85%
Energy
 8.84% 7.76%
Financials
 11.41% 21.81%
Health care
 15.38% 14.60%
Industrials
 19.33% 13.86%
Information technology
 14.76% 9.55%
Materials
 1.18% 4.86%
Real estate
 1.39% 5.05%
Utilities
 5.78% 4.83%

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 3/31/2024 Download
GIPS Report 3/31/2024 Download
Our team
Meet the investment team

The team believes companies with a history of consistently increasing dividends have significant signaling qualities. We expect those we own to make disciplined capital decisions—aiming for higher, more consistent returns.

View Team
Chris

Chris Hanaway

Portfolio Manager
Jack

Jack Spudich

Head of Rising Dividend Equity
Contact Us

We look forward to helping you with your investment needs

 

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Market Risk: Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. Management Risk: Investment decisions, techniques, and analyses implemented by the manager may not lead to expected returns of the team. Growth/Value Investing Risk: Securities with these characteristics can shift into and out of favor with investors based upon prevailing sentiment and market dynamics.

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.