Equity

SMArt Large Core 500 ESG Screened SMA

S&P 500 Index
Benchmark name
3/31/2022
Inception date
Systematic Edge – Equity Team
Team
$1.1M
Assets under management
Data as of 12/31/2023
SMA overview
Unlocking better outcomes for clients
The SMArt Large Core 500 ESG-Screened SMA aims to provide well-diversified core, large-capitalization U.S. equity exposure with an emphasis on tax efficiency while screening out companies with negative environmental and social characteristics.

The SMA seeks tax-efficient, customizable core ESG-screened equity exposure.

Key differentiators

  • Delivers portfolios in line with clients' customization requirements, with embedded risk management, tax management, and transition analysis capabilities
  • Removes companies that generate revenues through engaging in activities with certain negative environmental and social characteristics
  • Provides ongoing tax, risk, and cash management
  • Applies rigorous risk management, featuring limits to tracking error, active security weights, and active sector and industry weights

General facts

Weight average market cap

754.23

Dividend yield

1.42%

Quick resources

Performance

Average annual returns Add Minus

Average annual returns

(as of 12/31/2023)
3/31/2022
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
4.39
11.48
26.05
26.05
-
-
-
4.83
Composite (Net)
4.13
10.63
22.34
22.34
-
-
-
1.71
S&P 500 Index
4.54
11.69
26.29
26.29
-
-
-
4.71

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
Fund
26.05
Benchmark
26.29

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

Products must have at least a 36 month performance record before we show these metrics.

Composition

Portfolio statistics Add Minus

Portfolio statistics

(as of 12/31/2023)
SMA Benchmark
Number of holdings 262 503
Top 10 holdings Add Minus

Top 10 holdings

(as of 12/31/2023)
Security
SMA
Microsoft Corporation
7.73%
Apple Inc.
7.37%
Alphabet Inc. Class A
3.23%
Amazon.com, Inc.
3.23%
NVIDIA Corporation
3.12%
Meta Platforms Inc. Class A
2.10%
JPMorgan Chase & Co.
1.46%
Berkshire Hathaway Inc. Class B
1.37%
Tesla, Inc.
1.36%
UnitedHealth Group Incorporated
1.25%
Top 10 represents 32.22% 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
1.02% -
Communication services
8.97% 8.58%
Consumer discretionary
10.70% 10.85%
Consumer staples
5.25% 6.16%
Energy
4.24% 3.89%
Financials
13.34% 12.97%
Health care
12.69% 12.62%
Industrials
6.87% 8.81%
Information technology
30.22% 28.86%
Materials
2.39% 2.41%
Real estate
2.18% 2.52%
Utilities
2.13% 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 believes company returns are predictable based on quantitative factors. They seek to systematically harvest these factors to generate alpha for their clients.

Contact Us

We look forward to helping you with your investment needs

 

Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. 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. Changes in the value of a small number of issuers are likely to have a larger impact on a portfolio's net asset value than if the strategy held a greater number of issuers.

An investment strategy that emphasizes sustainability and environmental, social and governance (ESG) characteristics may perform differently than a strategy without such an emphasis, or the market as a whole. The investment strategy may forgo investments or make investments that differ from an otherwise similar investment strategy that does not evaluate and select investments on the basis of their sustainability and ESG credentials. ESG information from third-party data providers may be incomplete, inaccurate or unavailable. As a result, there is a risk that the Investment Manager may incorrectly assess a security or issuer.

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.