Equity

Equity Premium Income SMA

S&P 500 Index
Benchmark name
7/1/2023
Inception date
$7.8M
Strategy assets
Data as of 12/31/2024
Equity Premium Income
SMA overview
Core equity with enhanced income
The Equity Premium Income SMA strategy seeks long term total return consisting of capital appreciation and current income with a target yield greater than or equal to the benchmark, plus 3% per annum.

The strategy invests principally in a diversified portfolio of equity securities of approximately 40 to 60 large cap U.S. companies. It also uses an options overlay in an attempt to generate income.

Key differentiators

  • Focus on the long term and ability to look through short-term dislocations allows the team to generate outperformance over a market cycle
  • A proprietary valuation framework exploits price inefficiencies of high-quality companies
  • Dynamic call writing using equity index options allows preservation of our favorite stocks while also offering 1) option premium yield; and 2) equity upside potential
  • A time-tested active approach to options management which also offers additional outperformance potential
  • Our innovative structural solution enables the delivery of this sophisticated strategy in a package which is SMA-friendly

General facts

Weighted average market cap

$1,130.33B

(as of 12/31/2024)

Dividend yield

1.58%

(as of 12/31/2024)

Quick resources

Fact Sheet

Performance

Average annual returns

Average annual returns

(as of 12/31/2024)
6/30/2023
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
-0.32
1.12
18.38
18.38
-
-
-
19.21
Composite (Net)
-0.57
0.35
14.83
14.83
-
-
-
15.64

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

Calendar year

(as of 12/31/2024)
2024
Fund
18.38
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.


Performance and volatility metrics

Performance and volatility metrics

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

Composition

Portfolio statistics

Portfolio statistics

(as of 12/31/2024)
SMA Benchmark
Number of holdings 45 503
Top 10 holdings

Top 10 holdings

(as of 12/31/2024)
Security
SMA
Apple Inc.
9.01%
Microsoft Corporation
8.13%
Alphabet Inc. Class A
6.40%
Broadcom Inc.
4.69%
Meta Platforms Inc Class A
4.61%
Amazon.com, Inc.
4.52%
JPMorgan Chase & Co.
3.38%
Eli Lilly and Company
2.66%
UnitedHealth Group Incorporated
2.57%
Citigroup Inc.
2.30%
Top 10 represents 48.29% 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 12/31/2024)
Type
SMA
Benchmark
Other
 -0.07% -
Cash & equivalents
 2.47% -
Communication services
 11.02% 9.37%
Consumer discretionary
 11.88% 11.26%
Consumer staples
 3.21% 5.53%
Energy
 4.15% 3.16%
Financials
 15.74% 13.62%
Health care
 9.58% 10.09%
Industrials
 9.55% 8.16%
Information technology
 31.63% 32.49%
Materials
 0.83% 1.89%
Real estate
 0.00% 2.10%
Utilities
 0.00% 2.33%

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 12/31/2024 Download
Contact Us

We look forward to helping you with your investment needs

 

More Contact Options

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.