Equity

Large Value SMA

Russell 1000® Value Index
Benchmark name
1/1/2010
Inception date
Special Global Equity Team
Team
$1.5B
Strategy assetsInclusive of assets under advisement
Data as of 6/30/2026
Large Value
SMA overview

Pursuing alpha with a CPA-based approach

The Large Value SMA aims to deliver long-term capital appreciation by investing primarily in large-capitalization companies by using a disciplined, consistent valuation process that evaluates each stock’s upside reward relative to its downside risk.

Accounting expertise and processes guide decision-making.  

Key differentiators

  • Employs rigorous qualitative research and a risk-aware portfolio construction process to allow security selection to determine the portfolio's outcome
  • Seeks to own companies that possess the following three criteria: a durable asset base, flexible balance sheet, and strong and sustainable free cash flow
  • Invests when target company’s price has relatively meaningful upside potential versus downside risk

General facts

Weighted average market cap

$722.15B

(as of 6/30/2026)

Dividend yield

1.31%

(as of 6/30/2026)

Quick resources

Fact Sheet Trade Rationale

Performance

Average annual returns

Average annual returns

(as of 6/30/2026)
1/1/2010
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
1.36
7.95
7.45
15.82
16.70
11.61
12.75
12.25
Composite (Net)
1.10
7.14
5.82
12.35
13.20
8.28
9.41
8.94
Russell 1000® Value Index
2.27
13.87
16.26
27.12
17.79
11.17
11.52
11.73
S&P 500 Index
-0.95
15.20
10.21
22.33
20.61
13.41
15.51
14.35

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

Calendar year

(as of 12/31/2025)
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Composite
17.35
17.41
14.60
-5.35
23.88
6.63
30.50
-4.62
16.83
8.25
Benchmark
15.91
14.37
11.46
-7.54
25.16
2.80
26.54
-8.27
13.66
17.34

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

Performance and volatility metrics

(as of 6/30/2026)
3 Year 5 Year 10 Year
Alpha 45.60 81.37 166.82
Beta 0.88 0.95 0.95
Downside Market Capture Ratio 84.93 93.44 96.17
Information Ratio -0.27 0.11 0.37
R2 0.90 0.94 0.95
Sharpe Ratio 1.04 0.56 0.69
Standard Deviation 1,160.03 1,454.46 1,505.14
Tracking Error 394.19 378.19 333.52
Upside Market Capture Ratio 85.11 91.62 96.89
Correlation 0.95 0.97 0.98

Composition

Top 10 holdings

Top 10 holdings

(as of 6/30/2026)
Security
SMA
Amazon.com, Inc.
6.59%
Alphabet Inc. Class C
4.22%
NextEra Energy, Inc.
3.89%
Canadian Pacific Kansas City Limited
3.58%
Berkshire Hathaway Inc. Class B
3.52%
Qnity Electronics, Inc.
3.50%
Capital One Financial Corp
3.33%
Cadence Design Systems, Inc.
3.13%
Eaton Corp. Plc
3.11%
Johnson & Johnson
3.08%
Top 10 represents 37.95% of market value

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 6/30/2026)
Type
SMA
Benchmark
Cash & equivalents
 1.11% -
Communication services
 4.22% 3.29%
Consumer discretionary
 9.91% 10.63%
Consumer staples
 5.68% 7.48%
Energy
 5.27% 5.49%
Financials
 16.98% 19.12%
Health care
 12.22% 12.60%
Industrials
 18.20% 11.39%
Information technology
 14.45% 18.60%
Materials
 4.66% 3.81%
Real estate
 3.40% 3.66%
Utilities
 3.89% 3.93%

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 6/30/2026 Download
Our team

Meet the investment team

The team follows a fundamental approach of identifying companies with competitive advantages, sustainable free cash flow, and flexible balance sheets, helping deliver long-term capital appreciation.

View Team
James

James Tringas

Co-Head of Special Global Equity
Bryant

Bryant VanCronkhite

Co-Head of Special Global 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. Style Risk: Style factor exposure including but not limited to, beta, growth, value, liquidity, etc. can perform differently and shift in and out of favor through a market cycle.

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.