Multi Asset

Income Multi-Asset Portfolio SMA

IMAP Blended Benchmark
Benchmark name
4/30/2018
Inception date
Rising Dividend Equity Team
Team
$1.7M
Assets under management
Data as of 12/31/2023
SMA overview
Consistent capital allocation
The SMA targets stable income through a dynamic, global multi-asset portfolio seeking stable income in excess of its blended benchmark.

This flexible strategy seeking income from multiple asset classes.

Key differentiators

  • A largely unconstrained portfolio accessing a global multi-asset opportunity set
  • Multi-asset solutions execution of a dynamic top-down asset allocation process incorporating insights from the Equity and Fixed Income teams
  • Active security selection with a focus on higher-yielding assets

General facts

Weight average market cap

149.12

Current yield

%

Performance

Average annual returns Add Minus

Average annual returns

(as of 12/31/2023)
4/30/2018
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
3.29
6.23
6.22
6.22
3.81
6.41
-
5.59
Composite (Net)
3.04
5.45
3.11
3.11
0.78
3.30
-
2.50
IMAP Blended Benchmark
4.21
7.56
10.14
10.14
4.49
7.26
-
5.81
IMAP Compass Equity Income Model
4.34
8.05
5.57
5.57
8.15
9.28
-
8.21
IMAP Compass Fixed Income Model
2.55
5.28
7.82
7.82
-0.90
3.13
-
2.51

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.

Calendar year Add Minus

Calendar year

(as of 12/31/2023)
2023
2022
2021
2020
2019
Fund
6.22
-6.74
12.92
2.66
18.81

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

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

Composition

Portfolio statistics Add Minus

Portfolio statistics

(as of 12/31/2023)
SMA Benchmark
Number of Holdings 37 503
Credit quality Add Minus

Credit quality

(as of 12/31/2023)
Type
SMA
Benchmark
AAA/Aaa
4.85% -
AA/Aa
36.92% -
A/A
8.21% -
BBB/Baa
8.77% -
BB/Ba
19.49% -
B/B
16.68% -
CCC/Caa and below
4.90% -
Not rated
0.18% -

The ratings indicated are from Standard & Poor's, Fitch Ratings Ltd., and/or Moody's Investors Service. The percentages of the fund's portfolio with the ratings depicted in the chart are calculated based on total investments of the fund. If a security was rated by all three rating agencies, the middle rating was used. If rated by two of three rating agencies, the lower rating was used, and if rated by one of the agencies, that rating was used. Credit quality is subject to change and may have changed since the date specified. Percent total may not add to 100% due to rounding.

Maturity Add Minus

Maturity

(as of 12/31/2023)
Maturity Range
SMA
0 to 1 year
9.27%
1 - 3 years
46.50%
3 - 5 years
26.08%
5 - 10 years
17.10%
10 - 20 years
0.93%
20+ years
0.00%
Other
0.15%

Maturity distribution is subject to change and may have changed since the date specified. Percent total may not add to 100% due to rounding.

Asset allocation Add Minus

Asset Allocation

(as of 12/31/2023)
Assets
Allocation
Fixed income
45.01%
Equity
44.20%
Funds
5.69%
Cash & equivalents
5.10%

Asset allocation 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.

Top 10 holdings Add Minus

Top 10 holdings

(as of 12/31/2023)
Security
SMA
iShares Broad USD High Yield Corporate Bond ETF
9.01%
SPDR Portfolio High Yield Bond ETF
6.05%
Vanguard Short-Term Corporate Bond ETF
5.35%
Xtrackers USD High Yield Corporate Bond ETF
4.23%
Amgen Inc.
3.56%
Bank of New York Mellon Corp
3.48%
Government Of The United States Of America 3.0% 15-jul-2025
3.35%
Watsco Inc.
3.28%
UnitedHealth Group Incorporated
3.08%
Phillips 66
2.96%
Top 10 represents 44.35% 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

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

Documents

Literature Date
Fact Sheet 12/31/2023 Download 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.

Contact Us

We look forward to helping you with your investment needs

 

All investments in securities includea risk of loss of principal and anyprofits that have not been realized. Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. Bond values fluctuate in response to the financial condition of individual issuers, general market and economic conditions, and changes in interest rates.

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.