Equity

ESG Managed DSIP SMA

S&P 500 Index
Benchmark name
9/30/2020
Inception date
Rising Dividend Equity Team
Team
$2.7M
Assets under management
Data as of 12/31/2023
SMA overview
Enduring companies with increasing dividends
The SMA seeks total return with a focus on ESG-leading companies, sustained dividend growth, and downside risk management.

The SMA has a focus on the ESG category leaders and dividend growth.

Key differentiators

  • Emphasizes ESG-leading companies expected to deliver consistent dividend increases
  • Targets a yield greater than that of the S&P 500 Index, with attractive total return through price appreciation plus dividends
  • Provides exposure to a diversified but high-conviction portfolio with a focus on downside risk management

General facts

Weight average market cap

383.37

Dividend yield

2.20%

Performance

Average annual returns

Average annual returns

(as of 12/31/2023)
9/30/2020
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
4.01
12.57
11.86
11.86
6.65
-
-
9.20
Composite (Net)
3.75
11.73
8.55
8.55
3.51
-
-
5.99
S&P 500 Index
4.54
11.69
26.29
26.29
10.00
-
-
13.11

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
Fund
11.86
-14.84
27.35
Benchmark
26.29
-18.11
28.71

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

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

Composition

Portfolio statistics

Portfolio statistics

(as of 12/31/2023)
SMA Benchmark
Number of holdings 37 503
Top 10 holdings

Top 10 holdings

(as of 12/31/2023)
Security
SMA
Microsoft Corporation
9.21%
Accenture Plc Class A
5.04%
W.W. Grainger, Inc.
4.44%
BlackRock, Inc.
4.17%
Cisco Systems, Inc.
3.95%
Lowe's Companies, Inc.
3.87%
Automatic Data Processing, Inc.
3.66%
Merck & Co., Inc.
3.43%
Procter & Gamble Company
3.41%
PNC Financial Services Group, Inc.
3.36%
Top 10 represents 44.54% 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
 2.77% -
Communication services
 0.00% 8.58%
Consumer discretionary
 7.69% 10.85%
Consumer staples
 10.32% 6.16%
Energy
 0.00% 3.89%
Financials
 15.22% 12.97%
Health care
 15.77% 12.62%
Industrials
 15.58% 8.81%
Information technology
 20.80% 28.86%
Materials
 4.95% 2.41%
Real estate
 2.65% 2.52%
Utilities
 4.25% 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

 

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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.

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.