Equity

Large Dividend Growth SMA

S&P 500 Index
Benchmark name
12/31/2009
Inception date
Capital Allocation Team
Team
$2.1M
Assets under management
Data as of 12/31/2023
SMA overview
Coordination, research, and flexibility
The Large Dividend Growth separately managed account (SMA) provides potential for long-term capital appreciation and dividend income through a diversified portfolio of primarily large companies with sound fundamentals.

The SMA provides potential for long-term capital appreciation and dividend income to the S&P 500 Index.

Key differentiators

  • Employs fundamental investment techniques to identify areas of the market that represent attractive value
  • Seeks to identify companies that are financially sound, are well positioned within their respective industries, and are available at a discount to their intrinsic value
  • Emphasizes companies within industries poised for growth or cyclical industries with potentially improving outlooks

General facts

Weight average market cap

409.37

Dividend yield

1.61%

Quick resources

Performance

Average annual returns Add Minus

Average annual returns

(as of 12/31/2023)
12/31/2009
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
5.96
11.85
16.04
16.04
8.80
13.93
11.33
12.14
Composite (Net)
5.69
11.00
12.60
12.60
5.59
10.58
8.06
8.83
S&P 500 Index
4.54
11.69
26.29
26.29
10.00
15.69
12.03
13.12

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.

Please keep in mind that high double-digit returns were primarily achieved during favorable market conditions. You should not expect that such favorable returns can be consistently achieved. A fund's performance, especially for short time periods, should not be the sole factor in making your investment decision.

Calendar year Add Minus

Calendar year

(as of 12/31/2023)
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Fund
16.04
-10.13
23.50
12.35
32.66
-4.91
18.49
13.23
-0.76
20.39
Benchmark
26.29
-18.11
28.71
18.40
31.49
-4.38
21.83
11.96
1.38
13.69

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 0.05 -0.55 0.19
Beta 0.88 0.93 0.93
Downside Market Capture Ratio 88.89 93.70 95.70
Information Ratio -0.21 -0.34 -0.21
R2 0.89 0.92 0.91
Sharpe Ratio 0.41 0.67 0.67
Standard Deviation 16.02 17.84 14.67
Tracking Error 5.71 5.11 4.47
Upside Market Capture Ratio 80.23 80.06 78.14
Correlation 0.95 0.96 0.96

Composition

Portfolio statistics Add Minus

Portfolio statistics

(as of 12/31/2023)
SMA Benchmark
Number of holdings 59 503
Top 10 holdings Add Minus

Top 10 holdings

(as of 12/31/2023)
Security
SMA
Broadcom Inc.
6.75%
Amphenol Corporation Class A
5.48%
Microsoft Corporation
5.25%
Alphabet Inc. Class A
5.10%
Leidos Holdings, Inc.
3.89%
Motorola Solutions, Inc.
3.48%
McKesson Corporation
3.29%
Home Depot, Inc.
3.20%
Advanced Micro Devices, Inc.
2.89%
Eli Lilly and Company
2.86%
Top 10 represents 42.20% 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
3.58% -
Communication services
6.43% 8.58%
Consumer discretionary
4.54% 10.85%
Consumer staples
5.69% 6.16%
Energy
0.77% 3.89%
Financials
6.44% 12.97%
Health care
8.05% 12.62%
Industrials
17.91% 8.81%
Information technology
40.72% 28.86%
Materials
2.16% 2.41%
Real estate
1.72% 2.52%
Utilities
1.98% 2.34%

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
Our team
Meet the investment team

The team philosophy employs the belief that each asset class has a defined and fundamental role when constructing portfolios for clients.

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. 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.