Equity

Managed DSIP II SMA

S&P 500 Index
Benchmark name
11/1/2023
Inception date
Rising Dividend Equity Team
Team
$116.5M
Strategy assets
Data as of 6/30/2025
Managed DSIP II
SMA overview
Pure dividend-focused approach
The Managed DSIP II SMA focuses on strong companies that are expected to deliver consistent dividend increases and downside protection.

The SMA focuses on strong companies that are expected to deliver consistent dividend increases.

Key differentiators

  • Seeks a yield greater than that of the S&P 500 Index, with attractive total return through price appreciation plus dividends
  • Seeks to provide downside protection with lower beta compared with the S&P 500 Index
  • Offers exposure to a diversified but high-conviction portfolio of 40 to 60 stocks with lower turnover while utilizing a tax-aware approach

General facts

Weighted average market cap

$834.83B

(as of 6/30/2025)

Dividend yield

1.73%

(as of 6/30/2025)

Performance

Average annual returns

Average annual returns

(as of 6/30/2025)
11/1/2023
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
2.78
5.74
4.32
11.78
-
-
-
16.95
Composite (Net)
2.52
4.94
2.74
8.43
-
-
-
13.44
S&P 500 Index
5.09
10.94
6.20
15.16
-
-
-
28.32

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.

Model performance results are hypothetical and not indicative of actual or future performance. The results reflect performance of a model strategy not currently offered to investors and do not represent returns that any investor actually attained. Model performance results have inherent limitations, some of which are described below. No representation is being made that any account will or likely will achieve results similar to those shown. In fact, actual results may differ materially.

Model performance results are generally prepared with the benefit of hindsight and do not reflect the financial risk associated with actual trading. For example, the ability to tolerate losses or to adhere to an investment strategy despite losses are material considerations that cannot be replicated in a model. There are other factors related to the markets in general and to the implementation of any specific trading program that cannot be fully accounted for in model performance results—all of which can adversely affect actual trading results.

Model returns do not reflect transaction costs, unreclaimable withholding taxes, or the impact of cash flows and may not include cash balances. Results are expressed in U.S. dollars and reflect the reinvestment of dividends and other earnings. As with any investment vehicle, there is always the potential for gains as well as the possibility of losses.

If your firm (sponsor) uses this model, actual performance can be obtained from your firm and will differ from the model performance shown. Additionally, this performance information is historical and does not guarantee future results for any SMA or model. Holdings in individual accounts may vary due to trading constraints and tax implications.

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 12/31/2024)
2024
Composite
11.51
Benchmark
25.02

Performance is historical and does not guarantee future results. For more information, please refer to the GIPS composite report found in the documents section.

Model performance results are hypothetical and not indicative of actual or future performance. The results reflect performance of a model strategy not currently offered to investors and do not represent returns that any investor actually attained. Model performance results have inherent limitations, some of which are described below. No representation is being made that any account will or likely will achieve results similar to those shown. In fact, actual results may differ materially.

Model performance results are generally prepared with the benefit of hindsight and do not reflect the financial risk associated with actual trading. For example, the ability to tolerate losses or to adhere to an investment strategy despite losses are material considerations that cannot be replicated in a model. There are other factors related to the markets in general and to the implementation of any specific trading program that cannot be fully accounted for in model performance results—all of which can adversely affect actual trading results.

Model returns do not reflect transaction costs, unreclaimable withholding taxes, or the impact of cash flows and may not include cash balances. Results are expressed in U.S. dollars and reflect the reinvestment of dividends and other earnings. As with any investment vehicle, there is always the potential for gains as well as the possibility of losses.

If your firm (sponsor) uses this model, actual performance can be obtained from your firm and will differ from the model performance shown. Additionally, this performance information is historical and does not guarantee future results for any SMA or model. Holdings in individual accounts may vary due to trading constraints and tax implications.

Performance and volatility metrics

Performance and volatility metrics

Data is unavailable at this time, please check back later.

Composition

Top 10 holdings

Top 10 holdings

(as of 6/30/2025)
Security
SMA
Microsoft Corporation
8.59%
Apple Inc.
6.82%
JPMorgan Chase & Co.
4.72%
Broadcom Inc.
4.61%
Lowe's Companies, Inc.
3.42%
Analog Devices, Inc.
2.98%
Aflac Incorporated
2.72%
Linde plc
2.65%
Automatic Data Processing, Inc.
2.64%
Chubb Limited
2.53%
Top 10 represents 41.68% 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

Sector allocation

(as of 6/30/2025)
Type
SMA
Benchmark
Cash & equivalents
 2.05% -
Communication services
 3.86% 9.79%
Consumer discretionary
 6.51% 10.37%
Consumer staples
 7.04% 5.50%
Energy
 3.97% 2.97%
Financials
 16.32% 14.03%
Health care
 7.53% 9.32%
Industrials
 16.05% 8.58%
Information technology
 27.54% 33.11%
Materials
 3.24% 1.88%
Real estate
 0.89% 2.04%
Utilities
 5.01% 2.39%

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 6/30/2025 Download
Our team
Meet the investment team

The team believes companies with a history of consistently increasing dividends have significant signaling qualities. We expect those we own to make disciplined capital decisions—aiming for higher, more consistent returns.

View Team
Kent

Kent Newcomb

Co-Head of Rising Dividend 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.