Equity

LT Large Cap Fundamental Equity SMA

S&P 500 Index
Benchmark name
12/31/2010
Inception date
Empiric LT Equity Team
Team
$56.6M
Assets under management
Data as of 12/31/2023
SMA overview
High quality at optimal prices
The LT Large Cap Fundamental Equity SMA pursues capital preservation and tax-efficient long-term returns by leveraging a proprietary valuation framework and process​.

The SMA aims to help investors preserve capital and avoid short-term volatility through a rigorous investment approach.

Key differentiators

  • Stable, experienced investment team with a long-term track record and history of strong performance
  • A proprietary valuation framework that removes the emotion out of investing
  • Seeks to deliver enhanced tax-efficient long-term outperformance by constructing a diversified portfolio of high-quality stocks

General facts

Weight average market cap

785.85

Dividend yield

1.76%

Quick resources

Performance

Average annual returns Add Minus

Average annual returns

(as of 12/31/2023)
12/31/2010
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
5.36
13.94
30.05
30.05
12.28
17.08
12.28
13.43
Composite (Net)
5.09
13.07
26.24
26.24
8.97
13.65
8.98
10.10
S&P 500 Index
4.54
11.69
26.29
26.29
10.00
15.69
12.03
12.98
Russell 1000® Value Index
5.54
9.50
11.46
11.46
8.86
10.91
8.40
10.12

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.

Performance shown prior to August 1, 2018 represents results achieved by the Empiric LT Equity Team prior to joining Allspring.

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
Fund
30.05
-15.19
28.35
15.78
34.23
-6.03
26.75
12.64
-3.12
Benchmark
26.29
-18.11
28.71
18.40
31.49
-4.38
21.83
11.96
1.38

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 2.63 1.46 2.24
Beta 0.94 0.99 1.01
Downside Market Capture Ratio 93.44 99.21 101.07
Information Ratio 0.68 0.37 0.07
R2 0.96 0.96 0.95
Sharpe Ratio 0.61 0.82 0.71
Standard Deviation 16.49 18.50 15.56
Tracking Error 3.37 3.80 3.34
Upside Market Capture Ratio 100.83 105.75 106.82
Correlation 0.98 0.98 0.98

Composition

Portfolio statistics Add Minus

Portfolio statistics

(as of 12/31/2023)
SMA Benchmark
Number of holdings 46 849
Top 10 holdings Add Minus

Top 10 holdings

(as of 12/31/2023)
Security
SMA
Microsoft Corporation
8.73%
Apple Inc.
8.33%
Alphabet Inc. Class C
5.88%
Broadcom Inc.
3.85%
Meta Platforms Inc. Class A
3.17%
JPMorgan Chase & Co.
2.88%
UnitedHealth Group Incorporated
2.88%
TotalEnergies SE ADR
2.62%
Eli Lilly and Company
2.57%
Eaton Corp. Plc
2.47%
Top 10 represents 43.38% 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
1.61% -
Communication services
10.19% 8.58%
Consumer discretionary
9.57% 10.85%
Consumer staples
4.26% 6.16%
Energy
4.99% 3.89%
Financials
15.43% 12.97%
Health care
10.64% 12.62%
Industrials
10.85% 8.81%
Information technology
30.22% 28.86%
Materials
2.24% 2.41%
Real estate
0.00% 2.52%
Utilities
0.00% 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 uses a consistent, disciplined, and repeatable valuation framework to mitigate behavioral biases to identify truly great companies at an optimal price.

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 that exhibit growth or value characteristics tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. Focused Portfolio Risk: Changes in the value of a small number of issuers are likely to have a larger impact on a strategy’s net asset value than if the strategy held a greater number of issuers.

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.