Equity

Global Dividend Payers SMA

MSCI World High Dividend Yield Index (Net)
Benchmark name
5/31/2015
Inception date
Resilient Global Equity Team
Team
$2.3M
Assets under management
Data as of 12/31/2023
SMA overview
Resilient companies, resilient outcomes
The Global Dividend Payers SMA seeks to deliver enhanced equity-based income and capital appreciation for clients in a tax-efficient manner.

By finding high-quality companies that are long-term value creators, the SMA seeks to deliver outperformance with a strong and growing income stream.

Key differentiators

  • ​​​Identifies companies viewed as best in class with resilient business models
  • Integrates both higher-yielding “payers” and lower-yielding “growers”
  • Capitalizes on deep investment experience with disciplined portfolio construction, allowing stock selection to drive relative return
  • ​​​Provides enhanced equity-based income and capital appreciation in a tax-efficient manner
  • Emphasizes global, multinational equities that offer higher yield than U.S. peers

General facts

Weight average market cap

176.08

Dividend yield

3.25%

Quick resources

Performance

Average annual returns Add Minus

Average annual returns

(as of 12/31/2023)
5/31/2015
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
4.03
7.15
10.93
10.93
7.17
11.25
-
7.85
Composite (Net)
3.78
6.34
7.60
7.60
3.96
7.91
-
4.62
MSCI World High Dividend Yield Index (Net)
4.28
6.99
9.13
9.13
6.39
8.19
-
6.10

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 February 1, 2018 represents results achieved by the Resilient Global Equity 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.

Performance shown is related performance of the institutional composite. The Global Dividend Payers strategy is only provided via a non-discretionary model to Sponsors, and as such, Allspring Funds Management does not have a retail SMA performance composite. Performance information shown above is not actual performance for any Allspring Funds Management retail SMA performance composite but is related institutional composite performance for a similar strategy offered by our affiliated institutional investment adviser, Allspring Global Investments, which acts as a sub-adviser for the Global Dividend Payers model provided to Sponsors. The performance is being shown solely as supplemental information to help you understand how a similar strategy offered by an affiliated institutional investment adviser has performed. This is not intended as an offer for any Allspring Global Investments institutional composites or accounts. If your firm (Sponsor) uses this model, actual performance can be obtained from your firm and will differ from the institutional composite performance shown.

Calendar year Add Minus

Calendar year

(as of 12/31/2023)
2023
2022
2021
2020
2019
2018
2017
2016
Fund
10.93
-6.00
18.06
8.94
27.06
-8.15
17.65
11.19
Benchmark
9.12
-4.74
15.83
-0.03
23.15
-7.56
-
-

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
Alpha 0.58 2.71
Beta 1.04 1.02
Downside Market Capture Ratio 104.08 99.21
Information Ratio 0.27 0.94
R2 0.96 0.96
Sharpe Ratio 0.34 0.59
Standard Deviation 14.58 15.91
Tracking Error 2.89 3.26
Upside Market Capture Ratio 110.13 118.80
Correlation 0.98 0.98

Composition

Portfolio statistics Add Minus

Portfolio statistics

(as of 12/31/2023)
SMA Benchmark
Number of holdings 59 371
Top 10 holdings Add Minus

Top 10 holdings

(as of 12/31/2023)
Security
SMA
AbbVie, Inc.
3.30%
Chevron Corporation
3.11%
Merck & Co., Inc.
3.01%
Johnson & Johnson
2.98%
Procter & Gamble Company
2.59%
CME Group Inc. Class A
2.58%
Coca-Cola Europacific Partners plc
2.42%
SAP SE Sponsored ADR
2.38%
Nestle S.A. Sponsored ADR
2.36%
AXA SA Sponsored ADR
2.33%
Top 10 represents 27.07% 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
2.76% -
Communication services
4.13% 4.83%
Consumer discretionary
6.75% 8.22%
Consumer staples
19.22% 17.57%
Energy
9.99% 9.79%
Financials
13.88% 12.93%
Health care
16.24% 15.77%
Industrials
8.97% 10.56%
Information technology
8.89% 6.85%
Materials
3.82% 6.46%
Real estate
0.00% 0.47%
Utilities
5.35% 6.55%

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.

Geographic allocation Add Minus

Geographic Allocation

(as of 12/31/2023)
Type
SMA
United States
57.41%
France
12.78%
Germany
9.29%
Japan
5.99%
Switzerland
5.08%
United Kingdom
4.13%
Netherlands
2.45%
Canada
1.72%
Sweden
1.14%
Australia
0.00%

Geographic allocation 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
Our team
Meet the investment team

The team strives to provide clients with above-average annual dividend income relative to large-cap developed market equities with a long-term focus on total return and growth of income.

Contact Us

We look forward to helping you with your investment needs

 

Given limitations of the data vendor, which elects to state the dividend yield of certain ADRs net of maximum potential withholding and periodically and systematically reports some OTC ADR yields as 0% as the result of missing data rather than company action, the above yield likely understates the actual / comparable gross yield of the same portfolio as measured in other data systems by approximately 30-40 bps.

The values of, and/or the income generated by, securities held by a strategy may decline due to general market conditions or other factors, including those directly involving the issuers of such securities. Securities markets are volatile and may decline significantly in response to adverse issuer, regulatory, political, or economic developments. Different sectors of the market and different security types may react differently to such developments. Foreign investments may be subject to lower liquidity, greater price volatility and risks related to adverse political, regulatory, market or economic developments. Foreign investments may involve exposure to changes in foreign currency exchange rates and may be subject to higher withholding and other taxes. A strategy that invests a significant portion of its assets in one country or geographic region will be more vulnerable than a strategy that invests its assets more broadly to the economic, financial, political or other developments affecting that country or region. Such developments may have a significant impact on the strategy’s investment performance causing such performance to be more volatile than the investment performance of a more geographically diversified strategy.

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.