Equity

LT Fundamental Dividend Equity SMA

Russell 1000® Value Index
Benchmark name
1/31/2022
Inception date
Empiric LT Equity Team
Team
$8.1M
Strategy assets
Data as of 9/30/2024
LT Fundamental Dividend
SMA overview
Streamlined investment decisions
The SMA pursues enhanced, tax-efficient, long-term outperformance by constructing a diversified portfolio of high-quality stocks that have the ability to pay a sustainable and growing income stream.

The SMA aims to help investors preserve capital and avoid short-term volatility through a rigorous investment approach.

Key differentiators

  • Stable, experienced investment team with a long-term track record and history of strong performance
  • A proprietary valuation framework that removes the emotion out of investing
  • Emphasis on high-quality companies that have the financial firepower and discipline to not only pay a growing and sustainable dividend but also continue to support reinvestment in the core fundamentals of the business

General facts

Weighted average market cap

$502.73B

(as of 9/30/2024)

Dividend yield

2.33%

(as of 9/30/2024)

Quick resources

Fact Sheet

Performance

Average annual returns

Average annual returns

(as of 9/30/2024)
1/31/2022
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
1.41
7.27
20.33
36.34
-
-
-
11.84
Composite (Net)
1.15
6.45
17.61
32.25
-
-
-
8.51

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.

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
Fund
24.57
Benchmark
11.46

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 9/30/2024)
SMA Benchmark
Number of holdings 45 872
Top 10 holdings

Top 10 holdings

(as of 9/30/2024)
Security
SMA
Suncor Energy Inc.
3.83%
Manulife Financial Corporation
3.74%
UnitedHealth Group Incorporated
3.50%
Broadcom Inc.
3.45%
Apple Inc.
3.41%
JPMorgan Chase & Co.
3.37%
TotalEnergies SE ADR
3.27%
Microsoft Corporation
3.19%
Blackstone Inc.
3.10%
AT&T Inc.
3.08%
Top 10 represents 33.94% 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 9/30/2024)
Type
SMA
Benchmark
Cash & equivalents
 1.63% -
Communication services
 7.63% 4.22%
Consumer discretionary
 8.39% 6.27%
Consumer staples
 5.59% 7.95%
Energy
 7.11% 6.72%
Financials
 19.20% 21.17%
Health care
 14.57% 15.54%
Industrials
 11.78% 14.72%
Information technology
 19.63% 9.07%
Materials
 2.07% 4.62%
Real estate
 0.00% 4.92%
Utilities
 2.40% 4.81%

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 9/30/2024 Download
Our team
Meet the investment team

The team uses a consistent, disciplined, and repeatable valuation framework to mitigate behavioral biases to identify truly great companies at an optimal price.

View Team
Neville

Neville Javeri

Head of Empiric LT Equity
Matt

Matt Wittmer

Portfolio Manager
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. Growth/Value Investing Risk: Securities that exhibit growth or value characteristics tend to perform di erently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. Focused Portfolio Risk: Changes in the value of a small number of issuers are likely to have a larger impact on a strategy’s net asset value than if the strategy held a greater number of issuers.

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.