Equity

International Managed DSIP SMA

MSCI EAFE Index (Net)
Benchmark name
5/31/2022
Inception date
Resilient Global Equity Team
Team
$119.9K
Assets under management
Data as of 12/31/2023
SMA overview
Resilient companies, resilient portfolios
The International Managed DSIP SMA seeks to deliver enhanced income with a focus on high-quality, international companies supported by steady and growing dividends.

The SMA focuses on providing enhanced equity-based income and capital appreciation in a tax-efficient manner.

Key differentiators

  • Generally offers higher yields than U.S. peers as an international equity SMA
  • Seeks to provide downside mitigation of valuations supported by steady and growing dividends, coupled with a quality commitment
  • Uses focused active management with stock selection as the primary driver of excess returns

General facts

Weight average market cap

108.42

Dividend yield

3.18%

Performance

Average annual returns Add Minus

Average annual returns

(as of 12/31/2023)
5/31/2022
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
4.20
10.80
20.69
20.69
-
-
-
10.88
Composite (Net)
3.94
9.96
17.07
17.07
-
-
-
7.55
MSCI EAFE Index (Net)
5.31
10.42
18.24
18.24
-
-
-
8.66

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 Add Minus

Calendar year

(as of 12/31/2023)
2023
Fund
20.69
Benchmark
18.24

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

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

Composition

Portfolio statistics Add Minus

Portfolio statistics

(as of 12/31/2023)
SMA Benchmark
Number of holdings 86 783
Top 10 holdings Add Minus

Top 10 holdings

(as of 12/31/2023)
Security
SMA
BAE Systems plc Sponsored ADR
3.78%
SAP SE Sponsored ADR
3.46%
VINCI SA Unsponsored ADR
3.28%
Coca-Cola Europacific Partners plc
3.16%
Air Liquide SA Unsponsored ADR
3.12%
AXA SA Sponsored ADR
3.06%
Deutsche Boerse AG Unsponsored ADR
3.06%
Astrazeneca PLC Sponsored ADR
2.78%
ING Groep NV Sponsored ADR
2.78%
Siemens Aktiengesellschaft Sponsored ADR
2.74%
Top 10 represents 31.21% 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
2.01% -
Communication services
4.51% 4.08%
Consumer discretionary
9.72% 11.83%
Consumer staples
16.38% 9.31%
Energy
6.22% 4.33%
Financials
18.68% 18.95%
Health care
11.20% 12.79%
Industrials
14.61% 16.39%
Information technology
8.46% 8.57%
Materials
4.51% 7.84%
Real estate
0.00% 2.45%
Utilities
3.70% 3.47%

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
France
27.07%
United Kingdom
18.06%
Germany
16.64%
Japan
13.63%
Switzerland
7.13%
Netherlands
5.87%
Canada
4.99%
Sweden
2.57%
China & Hong Kong
1.48%
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

 

All investing involves risks, including the possible loss of principal. There can be no assurance that any investment strategy will be successful. Investments fluctuate with changes in market and economic conditions and in different environments due to numerous factors, some of which may be unpredictable. Each asset class has its own risk and return characteristics. Asset allocation and diversification cannot eliminate the risk of fluctuating prices and uncertain returns nor can they guarantee profit or protect against loss in declining markets. Dividends are not guaranteed and are subject to change or elimination. Risks associated with the Technology sector include increased competition from domestic and international companies, unexpected changes in demand, regulatory actions, technical problems with key products, and the departure of key members of management. Technology and Internet-related stocks smaller, less-seasoned companies, tend to be more volatile than the overall market.

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.