Equity

Managed DSIP II SMA

S&P 500 Index
Benchmark name
3/31/2019
Inception date
Rising Dividend Equity Team
Team
$3.8M
Assets under management
Data as of 12/31/2023
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

Weight average market cap

614.41

Dividend yield

1.99%

Performance

Average annual returns

Average annual returns

(as of 12/31/2023)
3/31/2019
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
3.47
10.27
13.48
13.48
8.39
-
-
11.43
Composite (Net)
3.21
9.44
10.12
10.12
5.20
-
-
8.16
S&P 500 Index
4.54
11.69
26.29
26.29
10.00
-
-
13.47

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 12/31/2023)
2023
2022
2021
2020
Fund
13.48
-10.27
25.05
12.09
Benchmark
26.29
-18.11
28.71
18.40

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 12/31/2023)
3 Year
Alpha -0.28
Beta 0.87
Downside Market Capture Ratio 90.01
Information Ratio -0.29
R2 0.90
Sharpe Ratio 0.39
Standard Deviation 15.78
Tracking Error 5.53
Upside Market Capture Ratio 79.86
Correlation 0.95

Composition

Portfolio statistics

Portfolio statistics

(as of 12/31/2023)
SMA Benchmark
Number of holdings 45 503
Top 10 holdings

Top 10 holdings

(as of 12/31/2023)
Security
SMA
Microsoft Corporation
8.58%
Apple Inc.
7.43%
Lowe's Companies, Inc.
3.99%
Accenture Plc Class A
3.38%
UnitedHealth Group Incorporated
3.31%
JPMorgan Chase & Co.
3.21%
Analog Devices, Inc.
2.89%
Phillips 66
2.70%
Linde plc
2.69%
Illinois Tool Works Inc.
2.56%
Top 10 represents 40.74% 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 12/31/2023)
Type
SMA
Benchmark
Cash & equivalents
 2.73% -
Communication services
 1.64% 8.58%
Consumer discretionary
 7.63% 10.85%
Consumer staples
 8.04% 6.16%
Energy
 4.98% 3.89%
Financials
 12.01% 12.97%
Health care
 13.10% 12.62%
Industrials
 15.63% 8.81%
Information technology
 24.02% 28.86%
Materials
 5.10% 2.41%
Real estate
 1.01% 2.52%
Utilities
 4.11% 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
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

Portfolio Manager
Jack

Jack Spudich

Head of Rising Dividend Equity
Contact Us

We look forward to helping you with your investment needs

 

More Contact Options

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.